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This Is What Currency Failure Looks Like

Tyler Durden's picture




 

Somewhere, someone is furiously drafting the impeachment proceedings for Chairsatan Bernankebub and TurboTaxTinyTim.

Time for another market crash.

 

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Fri, 04/08/2011 - 16:43 | 1151351 spiral_eyes
spiral_eyes's picture

AMERICA FUCK YEH

Fri, 04/08/2011 - 16:51 | 1151391 TheGoodDoctor
TheGoodDoctor's picture

I don't know why, but everytime I hear that song I cannot help but laugh.

Fri, 04/08/2011 - 16:58 | 1151470 GoinFawr
GoinFawr's picture

Heh, me too. That or their "I am Chewbacca" song.

Fri, 04/08/2011 - 17:09 | 1151518 dlmaniac
dlmaniac's picture

R.I.P. all my future pay checks that are dead before even born.

 

I'm just glad I managed to rescue my past ones with gold & silver.

Fri, 04/08/2011 - 17:51 | 1151721 Highrev
Highrev's picture

Red weeklies though - in some cases - equities that is.

And redder on the day.

In some places, much redder.

Doesn't go with the Monday's are always green scenario.

Fri, 04/08/2011 - 18:35 | 1151846 live free
live free's picture

At least I filed for all 10 (max) deductions... so I have some extra non confiscated cash around till next tax season in each pay check... and you know where it goes....

B

Fri, 04/08/2011 - 19:35 | 1152020 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

"Abortions all day every day and for all the pay!"
V/R,

Congress

Sat, 04/09/2011 - 20:24 | 1154060 Rahm
Rahm's picture

Roe's coming down...

Fri, 04/08/2011 - 16:56 | 1151438 Sudden Debt
Sudden Debt's picture

Don't forget to take a picture...

I WILL LAST LONGUER!!!

 

 

 

Fri, 04/08/2011 - 17:25 | 1151617 Captain Planet
Captain Planet's picture

AMERICA FUCK NO

Fri, 04/08/2011 - 18:23 | 1151807 KnightsofNee
KnightsofNee's picture

I'm so ronnery.

Fri, 04/08/2011 - 19:06 | 1151947 In Fed We Trust
In Fed We Trust's picture

The devaluing or default of the dollar will be Obama's "black swan."

Cus every President gets one black swan on his watch.

Bush was special because he had two swans on his watch!

Fri, 04/08/2011 - 19:43 | 1152044 JonNadler
JonNadler's picture

Bush was the swan

Fri, 04/08/2011 - 22:39 | 1152552 nabi
nabi's picture

Yes, as black (hearted) as they come...

Fri, 04/08/2011 - 20:03 | 1152089 spiral_eyes
spiral_eyes's picture

default on the dollar not a black swan. default on the dollar called in 19-fucking-13, and since the 80's by ron paul. all these events (and their underlying variables) are totally predictable, but treated as negligible in statistical modeling. a real black swan would be the false flag terror that is probably going down soon. 

Sat, 04/09/2011 - 02:04 | 1152892 Creed
Creed's picture

yes spiral...all large terror events are false flag operations

smoke some more you still have a few brain cells at undiminished capacity

Sat, 04/09/2011 - 15:30 | 1153676 Savyindallas
Savyindallas's picture

Most of those that lead to war are false flags. 911 was a Mossad/neocon operation. If Americans ever wake up to this fact, they will crush israel, destroy the mainstream media, and destroy the goons on Wall Street and elected stooges who looked the other way and covered up 911. More and mopre people are waking up to this reality  -especially many in the military -principalled men who are much more loyal to America than the crooked gaggle of politicians now disgracing the Halls of Congress.  this may likely delay or postpone any other serious false flag operations for the immediate future.  They'll have to find some other excuse to invade iran. maybe if max Keisers silver campign destroys JPM and the banksters crash our markets again, they will find a way to blame it all on max and the iranians.

Sat, 04/09/2011 - 15:31 | 1153677 Savyindallas
Savyindallas's picture

Most of those that lead to war are false flags. 911 was a Mossad/neocon operation. If Americans ever wake up to this fact, they will crush israel, destroy the mainstream media, and destroy the goons on Wall Street and elected stooges who looked the other way and covered up 911. More and mopre people are waking up to this reality  -especially many in the military -principalled men who are much more loyal to America than the crooked gaggle of politicians now disgracing the Halls of Congress.  this may likely delay or postpone any other serious false flag operations for the immediate future.  They'll have to find some other excuse to invade iran. maybe if max Keisers silver campign destroys JPM and the banksters crash our markets again, they will find a way to blame it all on max and the iranians.

Sat, 04/09/2011 - 07:54 | 1153062 justanotherday
justanotherday's picture

You mean, "AMERICA Fuck'D YEH."

Fri, 04/08/2011 - 16:43 | 1151353 Dr. Porkchop
Dr. Porkchop's picture

This is good for exports.

 

/sarc

Fri, 04/08/2011 - 16:55 | 1151443 Jason T
Jason T's picture

Germany, Summer of 1922 .. 1% unemployement.

In Rudy Havensteins mind: winning

year and a quarter later, farmers woulnd't accept the confetti from berlin.. grainaries were full and german people starved.

 

Fri, 04/08/2011 - 16:43 | 1151354 tmosley
tmosley's picture

Still above 2008!

That means everything is fine!

Fri, 04/08/2011 - 16:51 | 1151393 magpie
magpie's picture

Recovery of lower standards. That's all we promised, folks.

Signed, Mssrs. Bernank & Obama Esq.

Fri, 04/08/2011 - 16:54 | 1151421 iota
iota's picture

Agh!

*salutes and spits*

Fri, 04/08/2011 - 18:15 | 1151786 Al Gorerhythm
Al Gorerhythm's picture

Absolute jingoism.

Fri, 04/08/2011 - 18:19 | 1151798 infinity8
infinity8's picture

no fucking doubt! - this is the dawning of the new-and-improved Age of Mediocrity, Welcome.

Fri, 04/08/2011 - 16:45 | 1151355 Bithead1
Bithead1's picture

Just in time for the vacation to Williamsburg...

Fri, 04/08/2011 - 16:50 | 1151380 Carl Spackler
Carl Spackler's picture

The empty suit on Pennsylvania Avenue continues to be great at milking it for all he can get, while doing nothing.

Yes, Obama is the epitome of welfare programs gone bad !

Fri, 04/08/2011 - 16:54 | 1151420 DoChenRollingBearing
DoChenRollingBearing's picture

Yeah, he sure does care doesn't he?

He isn't even pretending he cares about shutting down .gov!  So, we will know in 7 hours.  Next week could be interesting.

Fri, 04/08/2011 - 17:03 | 1151512 Cdad
Cdad's picture

Not sure what you guys are talking about.  The bid on the Roach Motel [SPY] is persistent...blissful, you might say.  And no one cares that the next Iphone will have the option of radioactivity...or that the IMF is about to assert itself as the new ruling class in America...along with the New American Marxist/Banker party.

Com'mon fellas....just turn on the BlowHorn [CNBC] where options junkies J. and P. Najarian will help you feel better.  No one there is talking about the death of the world's reserve currency.

I hear JP Morgan earnings are going to rip the cover, baby!  

Fri, 04/08/2011 - 17:50 | 1151717 Hansel
Hansel's picture

The battle between stocks and the dollar is a toss up.  Can anyone really say stocks are worth less than dollars?  The action seems reasonable for a dollar decline.

Fri, 04/08/2011 - 18:34 | 1151836 Cdad
Cdad's picture

Can anyone really say stocks are worth less than dollars? 

Well, hello Steve Grasso.  Despite that your comment does not actually deserve a response, and really sounds like something some prick in Hong Kong might say [because he heard someone else say it], my reply to you would be:

Can anyone really say that unicorns do not exist?

Sat, 04/09/2011 - 13:48 | 1153464 Kayman
Kayman's picture

Cdad

"Can anyone really say that unicorns do not exist?"

No one can prove that unicorns do not exist, ergo unicorns exist.

You, sir, qualify for a government propaganda job.

sarc/off

Fri, 04/08/2011 - 19:43 | 1152042 sun tzu
sun tzu's picture

I would take stocks over USD. Some companies actually make a product that people desire. The USD might not be so desirable in a few months/years. The Reichsmark no longer exists, but German companies from the pre-Nazi era still exist.

Fri, 04/08/2011 - 17:16 | 1151587 avonaltendorf
avonaltendorf's picture

Obama is the epitome of welfare programs gone bad

Thank you, Carl. It needed to be said.

Fri, 04/08/2011 - 18:16 | 1151795 Al Gorerhythm
Al Gorerhythm's picture

Skinny fucker looks like he needs a food aid package drop.

Fri, 04/08/2011 - 20:36 | 1152197 Coldsun
Coldsun's picture

Don't worry, the douche bag get's package drops more than you think. How else is he going to get his european lobster every night? He doesn't like the american lobsters, they aren't progressive enough for his elite taste buds.

I fucking hate that beta male that they call our president.

Sat, 04/09/2011 - 13:15 | 1153397 FreedomGuy
FreedomGuy's picture

What gets me is he is so aloof and freaking arrogant. Problems like record budget deficits, revolutions, spiking consumer prices are for little people and staffers to work on while he golfs or visits Spain and Brazil. He will then bless us with his occasional speech where he seems irritated that it interrupts his entertainment schedule to tell us in professorial style how we ought to act. He never actually has a solution or position.

This guy is an empty suite...an academic airhead know-nothing who actually believes he's brilliant and above it all. This is a dangerous combination in dangerous times.

Sat, 04/09/2011 - 19:19 | 1153995 DosZap
DosZap's picture

Freedom,

What gets me is he is so aloof and freaking arrogant

 

This is because he HATES America.

He just likes the perks of the Office.

Sat, 04/09/2011 - 20:15 | 1154052 Rodent Freikorps
Rodent Freikorps's picture

The destruction of America makes him smile.

Sat, 04/09/2011 - 13:52 | 1153469 Kayman
Kayman's picture

Hey, guys don't be so hard on Goldman's man Barry. Hank bought him on the cheap and Tiny Tim keeps him on a tight leash.

 

Fri, 04/08/2011 - 17:31 | 1151649 Infinite QE
Infinite QE's picture

+10

Fri, 04/08/2011 - 18:07 | 1151757 RafterManFMJ
RafterManFMJ's picture

Top 10 welfare programs that done good?

Sat, 04/09/2011 - 02:09 | 1152895 Creed
Creed's picture

Carl you got it straight there, so right you flushed out the few Obama supporters still *left* (get it?)

 

Obama hung his people out to dry, funny how that community organizer could be so..establishmentarian

 

how does it feel bitches? lotta rage at the 'ol Democratic Underground these days? hahaha

 

reap the whirlwind

 

Fri, 04/08/2011 - 16:53 | 1151413 countryboy42
countryboy42's picture

I see where the FAA has imposed a no fly zone over Williamsburg. Are there rebels there? LOL, nothing like a family vacation while the world has a melt down.

Fri, 04/08/2011 - 17:10 | 1151558 oogs66
oogs66's picture

Give him a break. Brazil wasnt as relaxing as he thought it would be. Clearly he needs another break. It's hard work lying, spinning, and inventing new terms all day. You try pretending a war is a no fly zone all day and then you would see how much he needs another vacation. Air force 1 stewardesses are essential service and won't get furloughed

Sat, 04/09/2011 - 19:21 | 1153998 DosZap
DosZap's picture

Yeah, give him a break, he's practicing his putting.'

Since he has no other pressing issues, he is going on Tour with Tiger.

Fri, 04/08/2011 - 17:30 | 1151637 dbTX
dbTX's picture

its good he's out of town

Fri, 04/08/2011 - 19:13 | 1151966 Urban Roman
Urban Roman's picture

They heard a rumor of an imminent terrorist attack on Ft. Sumter.

Fri, 04/08/2011 - 16:55 | 1151440 Theta_Burn
Theta_Burn's picture

We very well may be living the way they did.

 

Enjoy

Fri, 04/08/2011 - 16:46 | 1151357 camaro68ss
camaro68ss's picture

i cant wait to use $100 bills to wipe my ass with after the SHTF

Fri, 04/08/2011 - 16:47 | 1151361 Bithead1
Bithead1's picture

I always wondered what Obama would look like after being processed by a fan 

Fri, 04/08/2011 - 16:49 | 1151374 Hot Cumontitties
Hot Cumontitties's picture

and use your Silver to cleanse your sphyncter immediatley after. 

Fri, 04/08/2011 - 16:51 | 1151397 Carl Spackler
Carl Spackler's picture

As in making my own coloidal silver solution for self consumption?

Fri, 04/08/2011 - 18:49 | 1151883 ShouldveLeftHer
ShouldveLeftHer's picture

Your asshole might go numb with all the coke and heroin residue on the Hundies

Fri, 04/08/2011 - 19:02 | 1151942 Long-John-Silver
Long-John-Silver's picture

I was going to buy a cord of firewood for this coming winter but a cord of US Dollars may cost less.

http://www.usagold.com/images/hyperinflation.jpeg

Fri, 04/08/2011 - 16:44 | 1151358 ghostfaceinvestah
ghostfaceinvestah's picture

Who cares what the DXY does, all this means is Benocide is winning the race to the bottom.

The real yardstick of value is in gold, silver, commodities.

Fri, 04/08/2011 - 16:50 | 1151385 DoChenRollingBearing
DoChenRollingBearing's picture

Which measured the dollar the same way!

Fri, 04/08/2011 - 16:54 | 1151435 ghostfaceinvestah
ghostfaceinvestah's picture

Actually it is worse - gold is far higher than 2008, for example...

The only reason DXY is so low is the Euro still has a lot of German influence, and they have a bad history with hyperinflation so are a bit more wary of it.

The British, Japanese, etc have no qualms about printing, though they aren't quite as creative with it as Benocide.

Fri, 04/08/2011 - 17:00 | 1151467 ReeferMac
ReeferMac's picture

They SOOOOOOO need to implement a positive comment button instead of the just "junk" feature.

Germany IS the Euro....

Sat, 04/09/2011 - 05:51 | 1152999 Antipodeus
Antipodeus's picture

SECONDED!!  I've requested this of Tyler a number of times - hasn't happened yet. There should be an easier way to indicate support for a post/poster than having to post an entire comment, even if it's only "10+".  Something like the "fan" button over at HuffPo?

Another feature I'd like to see is an easy way to keep track of one's comments, & responses to them.  (Unless I've missed something?)  It's easy on HuffPo.  Here on ZH it's like a "fire-and-forget missive" (sic).  Anything that makes it easier & saves surfing TIME is a plus - there's only so many net-hours in a net-day.  ;=)

 

 

Fri, 04/08/2011 - 17:15 | 1151571 SteveNYC
SteveNYC's picture

I guess this means he is also "winning" the central banker "lynching" race too? Good for Ben!

Fri, 04/08/2011 - 16:46 | 1151359 Mises
Mises's picture

FSG

Fri, 04/08/2011 - 16:48 | 1151368 SparkyvonBellagio
SparkyvonBellagio's picture

LIFE IS GOOD BABY!!!!  OH YEAH. NOTHING WRONG! 

HIGH OIL AND COMMODITY PRICES MAKE MY TRIP TO THE GROCERY/GAS STATION SOOOOO DAMN BITCHIN'!

 

SOMEONE PULL THE PLUG ON THESE FOOLS.

 

Fri, 04/08/2011 - 18:52 | 1151902 ShouldveLeftHer
ShouldveLeftHer's picture

HEY!! Didnt the King of Kenya tell you to be patient? Fucking unpatriotic fuck. What do you mean you had to choose between food or gas? Well, maybe in 3 years, youll be dead along with your family, so you wont need either! YES WE CAN!!!!

Sat, 04/09/2011 - 19:30 | 1154003 DosZap
DosZap's picture

Shouldhav

Correct, on the gas, "Get used to it Peons fks"., and "You idiots without a job, should have traded for new car for better mileage"(if you had a job that is.........

Ask me if I care, nope, not until it's Election time.....

Then I will sweat blood for your dear broke homeless serfs.

Fri, 04/08/2011 - 19:36 | 1152023 Dugald
Dugald's picture

Bubba, yo has been nominated....get on with it!

and report back.

Fri, 04/08/2011 - 16:47 | 1151370 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Time for 9/11 part 2?

Fri, 04/08/2011 - 16:50 | 1151379 Bithead1
Bithead1's picture

Naw...I think they located the trillion dollars that was missing in DOD under the first two buildings

Fri, 04/08/2011 - 17:03 | 1151511 spankthebernank
spankthebernank's picture

Something along those lines is a real possiblility in the short term.

Fri, 04/08/2011 - 17:27 | 1151618 notsomuch
notsomuch's picture

Ah. Department of Homeland Security is going to start posting terror alerts on facebook. Deflection is handy, social media is convenient.

Fri, 04/08/2011 - 20:51 | 1152247 Hephasteus
Hephasteus's picture

No the department of homeland security is going to post CRAP on facebook. Pay a huge fucking bullshit bill for it to JP Morgan. Who then orders them to post CRAP on facebook so that they can send them a huge bill.

Problem with the scam is that taxpayers are broke.

Sat, 04/09/2011 - 19:37 | 1154016 DosZap
DosZap's picture

Seriously, have ANY of you paid one seconds thought to the DHS Terror Alerts?.

A PUPPET agency.

Sat, 04/09/2011 - 19:36 | 1154017 DosZap
DosZap's picture

Fkit

Fri, 04/08/2011 - 18:13 | 1151781 Freebird
Freebird's picture

You´re a bad ape man.

Fri, 04/08/2011 - 18:28 | 1151830 Seymour Butt
Seymour Butt's picture

Care to explain?

Sat, 04/09/2011 - 01:48 | 1152876 Creed
Creed's picture

fuck off nutjob

 

by FunkyMonkeyBoy
on Fri, 04/08/2011 - 16:47
#1151370

 

Time for 9/11 part 2?

Fri, 04/08/2011 - 16:47 | 1151375 eatthebanksters
eatthebanksters's picture

Gas prices have more than doubled in the last two years, food and energy are going through the roof, employment (despite government claims to the contrary) is still devastatingly high, the housing market is worse than ever and now we're talking about boots on the ground in Libya?!  WTF?  Who's gonna give the moron in the White House a billion dollars so we can have for more years of this?

Fri, 04/08/2011 - 16:53 | 1151428 SilverRhino
SilverRhino's picture

Who's gonna give the moron in the White House a billion dollars so we can have for more years of this?

George Soros, the lieutenant lackey of the Rothschilds. 

Fri, 04/08/2011 - 16:58 | 1151453 ghostfaceinvestah
ghostfaceinvestah's picture

someone gets it...

Fri, 04/08/2011 - 17:01 | 1151474 DoChenRollingBearing
DoChenRollingBearing's picture

Soros probably the most dangerous man to American freedom in the world.

Fri, 04/08/2011 - 22:44 | 1152570 slvrizgold
slvrizgold's picture

That sociopath wrecks nations for sport and profit.   He learned early as a youth.

Sat, 04/09/2011 - 02:18 | 1152901 Creed
Creed's picture

That sociopath wrecks nations for sport and profit.   He learned early as a youth.

 

 

pleased to meet you...hope you guessed my name

Fri, 04/08/2011 - 16:55 | 1151432 Rodent Freikorps
Rodent Freikorps's picture

Iran?

Fri, 04/08/2011 - 18:56 | 1151905 ShouldveLeftHer
ShouldveLeftHer's picture

Its only 2011...thats 6 more years

Fri, 04/08/2011 - 16:49 | 1151377 Temporalist
Temporalist's picture

Who else but Ron Paul would even consider investigating the monetary policy and Ben Bernanke (Time Magazine's Person of Infinity and Beyond).

Fri, 04/08/2011 - 16:53 | 1151410 r101958
r101958's picture

Rand Paul just stated that we need to cut 500 billion, not the peanuts now being argued about. Bravo!!!! for some sanity finally.

Fri, 04/08/2011 - 16:55 | 1151439 Rodent Freikorps
Rodent Freikorps's picture

He also said we need to shitcan the DOE.

I'm starting to like him.

Fri, 04/08/2011 - 18:57 | 1151914 ShouldveLeftHer
ShouldveLeftHer's picture

And wants to cut Israel off from foreign aid. Golf Clap.

Fri, 04/08/2011 - 20:26 | 1152175 Rodent Freikorps
Rodent Freikorps's picture

Only if we cut everyone off.

That should include NATO as well.

Fri, 04/08/2011 - 22:10 | 1152489 Myzery
Myzery's picture

fuck that.

 

I like the cheap gas NATO brings.

Fri, 04/08/2011 - 22:32 | 1152534 GoinFawr
GoinFawr's picture

I find your candour refreshing. But fuck you.

Fri, 04/08/2011 - 16:57 | 1151444 Temporalist
Temporalist's picture

Okay...who else but the Pauls I meant but I doubt a freshman senator will have the wisdom, experience, influence (however minor), connections (however few) and ability his pappy does.

Fri, 04/08/2011 - 17:52 | 1151718 Alea Iacta Est
Alea Iacta Est's picture

The Pauls.....perhaps the modern day Brothers Gracchi?

 

I imagine their fates will be similiar.

Sat, 04/09/2011 - 01:04 | 1152830 Bringin It
Bringin It's picture

Perhaps not.

Manipulating the 'head count' or the 'mob' with popular ideas was a powerful political tool, but none before had used it as effectively as the Gracchi.

It looks like you're making a false analogy.  Congressman Paul and his senator son look like the last best hope for the Republic that those so inclined to see the Republic survive can rally around.

Fri, 04/08/2011 - 16:51 | 1151412 r101958
r101958's picture

Rand Paul just stated that we need to cut 500 billion, not the peanuts now being argued about. Bravo!!!! for some sanity finally.

Fri, 04/08/2011 - 16:57 | 1151457 brian0918
brian0918's picture

Cutting 500 billion leaves us with a $1.1 Trillion deficit for this year alone.

Fri, 04/08/2011 - 17:05 | 1151506 Commander Cody
Commander Cody's picture

Its a better start than $60B (Repubs) or $6B (Dems).  Somewhere in between is the non-event.

Fri, 04/08/2011 - 19:36 | 1152026 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

The person who's asking to get shot?

Fri, 04/08/2011 - 16:48 | 1151382 jkjacksonhole
jkjacksonhole's picture

Impeachment or treason??

Fri, 04/08/2011 - 17:25 | 1151620 Logans_Run
Logans_Run's picture

Which one results in the firing squad?

Fri, 04/08/2011 - 22:37 | 1152544 GoinFawr
GoinFawr's picture

Either, if you suggest them. So STFU or you'll be standing on the business end of one.

Fri, 04/08/2011 - 16:49 | 1151388 SilverIsKing
SilverIsKing's picture

Anyone have a video clip of Timmay stating his desire for a STRONG DOLLAR?

He's doing a great job.

Fri, 04/08/2011 - 17:10 | 1151542 eatthebanksters
eatthebanksters's picture

It has come to pass...a man who could not manage his own finances was put in charge of the finances of the number one economic powerhouse in the world...and, like his own finances, he fucked it all up.

Fri, 04/08/2011 - 17:17 | 1151592 oogs66
oogs66's picture

Wow. When did he get put in charge of china?

Sat, 04/09/2011 - 02:26 | 1152910 Creed
Creed's picture

BULLSHIT

China is JUNK.

China owes their EXISTENCE to the U.S.A.

China owes their "ECONOMIC MIRACLE" to the U.S.A.

 

Most of you folks seem to post comments that refer to versions of history that happened within the last 20 years.

 

You are children of propaganda.

 

Sat, 04/09/2011 - 06:06 | 1153004 Antipodeus
Antipodeus's picture

I think you're thinking about "the other China".

 

Fri, 04/08/2011 - 16:51 | 1151389 High Plains Drifter
High Plains Drifter's picture

zimbabwe here we come?

 

 

Fri, 04/08/2011 - 16:58 | 1151456 Sudden Debt
Sudden Debt's picture

how you gonna pay for those plane tickets?

 

 

Fri, 04/08/2011 - 17:11 | 1151549 magpie
magpie's picture

It's a place that comes to you.

Fri, 04/08/2011 - 17:25 | 1151628 SME MOFO
SME MOFO's picture

nice one

Fri, 04/08/2011 - 16:49 | 1151392 SparkyvonBellagio
SparkyvonBellagio's picture

The AMERICAN REVOLUTION part DEUX is going to make the original and the French Revolution look like a game of Uno.   

 

 

Fri, 04/08/2011 - 16:58 | 1151465 Sudden Debt
Sudden Debt's picture

Yeah...

I don't think so.

The caddle will just blame somebody, throw a pie into his face and that's that.

 

 

Fri, 04/08/2011 - 16:50 | 1151398 r101958
r101958's picture

Dollar = 74.868

Fri, 04/08/2011 - 16:55 | 1151431 Maos Dog
Maos Dog's picture

Stupid question since I don't trade fx, since the 52 week low is breached, in theory no support line until 72?

Fri, 04/08/2011 - 16:56 | 1151454 r101958
r101958's picture

So it is said.

Fri, 04/08/2011 - 16:58 | 1151468 JohnG
JohnG's picture

Some at 74, light support at ~72, armageddon after that.

But what do I know...

Fri, 04/08/2011 - 17:13 | 1151561 Founders Keeper
Founders Keeper's picture

Hi Maos Dog.

I'm watching for 72nd St. as the next intersection on our way to the city dump.

 

 

 

Fri, 04/08/2011 - 19:02 | 1151940 ShouldveLeftHer
ShouldveLeftHer's picture

Im going to start using the junk button as the like button since everyone around the world thinks junk status on bonds and government FIAT is super bullish

Sat, 04/09/2011 - 01:27 | 1152856 Founders Keeper
Founders Keeper's picture

ShouldveLeftHer, thanks for the Reverse Junk.

From the looks of your Junks, I'd say the Reverse Junk is catching on!

 

Fri, 04/08/2011 - 19:14 | 1151971 Hephasteus
Hephasteus's picture

No worrys. When all those TIPS treasuries start puking all over china like a stomach virused george bush puking all over japanese dignitaries it's really no problem.

JP Morgan has enough silver to fill 6 contracts. So that should take care of it.

Sat, 04/09/2011 - 01:32 | 1152863 Founders Keeper
Founders Keeper's picture

[JP Morgan has enough silver to fill 6 contracts. So that should take care of it.]---Hephasteus

I read that one too, Hephasteus.

 

Fri, 04/08/2011 - 16:52 | 1151401 YouBetYourLife
YouBetYourLife's picture

We could impeach them, but what could their successors do to get us out of this mess?  The economy has been so mismanaged since at least 2008 that we've completely painted ourselves in a corner.

Rather than get a new chairman, we should be looking for an alchemist or two, so the feds can change lead into gold.  That might work.

Fri, 04/08/2011 - 16:57 | 1151442 Commander Cody
Commander Cody's picture

No pain, no gain.

Fri, 04/08/2011 - 16:55 | 1151445 DoChenRollingBearing
DoChenRollingBearing's picture

What would help short-term would be for the Treasury and Fed to value our gold at market (like thte Euro-zone does).

That takes the gold asset value from $11 bn to $380 bn and buys a little time.

Details at FOFOA's new article, which I can never summarize well.  See the details for yourself!

fofoa.blogspot.com

Fri, 04/08/2011 - 17:00 | 1151472 ReallySparky
ReallySparky's picture

Excellent site.  I read the article earlier today.

Fri, 04/08/2011 - 17:35 | 1151653 Infinite QE
Infinite QE's picture

That gold is stored in the same place where Hopeys US birth cert is stored. Nowheresville.

Fri, 04/08/2011 - 17:56 | 1151739 YouBetYourLife
YouBetYourLife's picture

Spock might say -

"I believe the correct syntax, Captain, would be 'Like Nowheresville, Daddy-O.' "

Fri, 04/08/2011 - 21:31 | 1152370 Seer
Seer's picture

I love that goons are running around wasting time on shit like this, it means that I can continue to go about my business of making a better world (while folks like yourself spout stupid-assed shit).

Sat, 04/09/2011 - 01:15 | 1152839 Bringin It
Bringin It's picture

Seer - relax.  Are you a fan of the Obummer in Chief?  If not then why get so wound up?  The language.

Sat, 04/09/2011 - 02:33 | 1152916 Creed
Creed's picture

Seer has a highly inflated opinion of himself, hence the highbrow name...which unfortunately takes a shit when it meets reality road.

Conjurer

Prophet

AllKnowingOne

MyAssIsFine

see? So easy a caveman can do it.

 

 

Fri, 04/08/2011 - 17:05 | 1151517 Rodent Freikorps
Rodent Freikorps's picture
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess out of the public treasury."
Fri, 04/08/2011 - 21:36 | 1152380 Seer
Seer's picture

And that's that!

And with a representative government it's so much easier, as you need only pass your power over to another and then expect him/her to perform the mischief on your behalf (and when it doesn't work out? blame them!).

Perpetual growth on a finite planet, what do you mean that it's not possible?  Hell, I'm voting for the next guy/gal, you're out of here!

Sat, 04/09/2011 - 02:34 | 1152917 Creed
Creed's picture

uh huh...

seer would be infected with the "there's no answer" bug

 so let's fucking scream & shout because that's productive

standard anomie bullshit

Sat, 04/09/2011 - 06:14 | 1153008 Antipodeus
Antipodeus's picture

But ... but ... but I thought you guys already had a chairman who is a magician.  ;=)

 

 

Fri, 04/08/2011 - 17:13 | 1151402 iota
iota's picture

http://www.youtube.com/watch?v=Tb30nthVDWI

I think Monday might be... gappy.

 

Fri, 04/08/2011 - 16:52 | 1151404 treemagnet
treemagnet's picture

I can't be out of money....I've still got blank checks!  WTF?

Fri, 04/08/2011 - 16:50 | 1151405 Cognitive Dissonance
Cognitive Dissonance's picture

Anyone care to play chicken on Pennsylvania Avenue?

Fri, 04/08/2011 - 17:23 | 1151619 YouBetYourLife
YouBetYourLife's picture

Not a bad idea.  Maybe close off Pennsylvania Ave and have a drag race to settle things, like the adolescents the politicians in DC are. 

No, better yet, have it at the Grand Canyon, and set it up like Rebel Without a Cause.  Harry Reid in one car (Chevy Volt, no doubt) and John Boehner in the other (his father's Oldsmobile).

They drive side by side at top speed toward the edge.  The last one to dive out of the car before it goes over the cliff wins.

Fri, 04/08/2011 - 16:52 | 1151407 Bithead1
Bithead1's picture

So is it official that we have a guberment shutdown...or to rephrase a meltclose?

Fri, 04/08/2011 - 17:06 | 1151533 GoinFawr
GoinFawr's picture

'meltclose' I like that!

Fri, 04/08/2011 - 16:53 | 1151408 AldoHux_IV
AldoHux_IV's picture

End the fed, reform the treasury, try Bernanke and the fed plus Timah Geithner and the CEO's of the big 4 for their crimes against humanity, shut the government down, replace these paid idiots with actual people-- maybe even community college students as they are most likely the least tainted institution in this country, and stop funding for the IMF, World Bank, and end centrally planned bullshit worldwide.  Problem sovled.

Fri, 04/08/2011 - 21:38 | 1152396 Seer
Seer's picture

So we can then continue our march, unabatted, toward the cliff (that's at the end of where infinite growth meet finite planet.  Yeah, problem solved...

For fuck's sake people, start thinking/seeing in more than two dimensions!

Fri, 04/08/2011 - 16:51 | 1151409 IdioTsincracY
IdioTsincracY's picture

Bernank: "You're reading it wrong! The chart is upside down. See ... everything is fine. Back to you tv shows!"

Fri, 04/08/2011 - 16:51 | 1151411 Caveman93
Caveman93's picture

Got my severance check just in time I'd say....:/

Sat, 04/09/2011 - 01:27 | 1152858 StychoKiller
StychoKiller's picture

So caveman, are you so easy I could do you?  :>D

Sat, 04/09/2011 - 10:38 | 1153188 Caveman93
Caveman93's picture

Absolutely!

Fri, 04/08/2011 - 16:53 | 1151414 buzlightening
buzlightening's picture

So gov goon shutdown, QE666, and zirp to infinity gets me no USD butt wipe coupon after a major banking holiday!!  Perhaps Monday! Nice to be out of all USD related assets as richard russell advised in Jan!!

Fri, 04/08/2011 - 16:53 | 1151415 Hot Shakedown
Hot Shakedown's picture

Someone PLEASE kill the snake

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