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Do You Have Faith In America's Capital Markets?





 
 

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Sat, 05/08/2010 - 22:27 | 338606 Pure Evil
Pure Evil's picture

Luckily its such a tiny percentage as to be almost statistically insignificant.

Lies, damn lies, and then there are Yes Sir votes.

Oddball: Always with the negative waves Moriarty, always with the negative waves.

Sat, 05/08/2010 - 20:20 | 338493 mchandler@ameri...
mchandler@ameritech.net's picture

Be right back and vote as soon as I get through burying the ammo and silver I just bought.

Sat, 05/08/2010 - 20:22 | 338495 Pure Evil
Pure Evil's picture

Bury the silver, keep the ammo at the ready, after the meltdown on Thursday the zombie hordes could attack at any minute.

Sat, 05/08/2010 - 21:03 | 338539 nuinut
Sun, 05/09/2010 - 00:27 | 338713 Cheeky Bastard
Cheeky Bastard's picture

Louise Yamada looks like that real estate broker who sold Charlie Sheen the Upper East Side apartment in Wall Street ... just scarier .... and more dead .... and more like a zombie ...

Sun, 05/09/2010 - 06:41 | 338884 Escapeclaws
Escapeclaws's picture

She looks like she has had what the French call "un leefting". She must be satisfied with the results in as much as she cannot stop smiling.

Sun, 05/09/2010 - 10:53 | 339160 G-R-U-N-T
G-R-U-N-T's picture

That's not a smile it's a grimace. What you can't see is The "Invisible Hand" which has hold of a hunk of her skin at the base of her skull pulling her skin back taunt.

Only known shot of the "Invisible Hand" exposed... http://video.google.com/videoplay?docid=1441363553045870179#

Sun, 05/09/2010 - 11:38 | 339215 MsCreant
MsCreant's picture

That explains the pulled back hairstyle. 

Sun, 05/09/2010 - 01:24 | 338759 Budd Fox
Budd Fox's picture

Scary bitch....I know....I sold that dwelling.

Sun, 05/09/2010 - 00:58 | 338736 G-R-U-N-T
G-R-U-N-T's picture

What are you getting your Mom for Mothers day CB?

Sun, 05/09/2010 - 01:09 | 338745 Cheeky Bastard
Cheeky Bastard's picture

A full day of me not calling her. That should be the best present she could recieve. 

GRUNT if you are Louise Yamada or in any case related or have any non-genetic relationship to Louise Yamada i wish to apologize [not really] for calling her a botoxed perversion of a real estate pimping NYC movie character from an iconic 80s movie.

Sat, 05/08/2010 - 22:02 | 338594 MsCreant
MsCreant's picture

I am loath to admit I don't totally understand KD's accusation here. A warning of some kind is issued by the regulators and folks dump their shorts. I don't get what the warning pertains to. If you want to point me at a link or something so I don't slow the herd down, that would be great.

Sat, 05/08/2010 - 21:27 | 338562 Janice
Janice's picture

Spot market opens Sunday at 6 PM EST on www.kitco.com.  Let's watch the show together.  If true, the market should really start smoking around 6 AM EST on Monday morning.

Sat, 05/08/2010 - 23:01 | 338652 silvertrain
silvertrain's picture

 If it did take off the ppt would then be working in reverse, claim glitch again and cancil all orders and then close all markets for national security until the problem can be snuffed out..

Sat, 05/08/2010 - 19:47 | 338470 Racer
Racer's picture

Hey who let FED members on ZH?

Sat, 05/08/2010 - 19:14 | 338443 contrabandista13
contrabandista13's picture

You see that's the problem with you young people, you don't know how to trust.....

Me.....  I trust everyone.... Why I even trust thieves, liars, cheaters and killers.... I trust that thieves will steal, liars will lie, cheaters will cheat and that killers will kill....  However, I must insist that they trust me too.....  

My father the great economist, who felt cheated out of his Nobel Prize for his discovery that "the ratio of assholes is constant", died a bitter man, a broken alcoholic who felt that the Nobel Nominating Committee had conspired against him....  One of the members of that committee was at his funeral and he pulled me aside and told me that my father had never sat on the nominating committee and had he done so, he would have seen error in his theory.  He advised me that the decision was unanimous.....

I only provide you young folks with this anecdote to let you know that you should not waste your time and energy fighting reality...  Playing the game is what counts.  If you're not a player you're a looser....

 

Best regards,

 

Econolicious 

Sun, 05/09/2010 - 17:43 | 339868 A_MacLaren
A_MacLaren's picture

 If you're not a player you're a looser....

Ummm, that would be loser, the opposite of winner as opposed to the opposite of tighter.

If you're not a player, you're simply not a player.  Why play in a rigged game?

Sun, 05/09/2010 - 06:30 | 338881 Escapeclaws
Escapeclaws's picture

I understand why your father did not receive his Nobel Prize. When you say "the ratio of", you must have two operands.  For instance, "the ratio of assholes to elbows is 1:2." This requires that in posing this ratio you can distinguish your ass from your elbow, which is indeed a challenge for most economists.

Sat, 05/08/2010 - 19:51 | 338463 Pure Evil
Pure Evil's picture

I voted yes, but only because I have a spittoon full of hopium, plus I'm just Pure Evil and I don't give a flying fuck.

Plus my condolences to year dear departed father who had more common sense in his little pinky finger than the whole Obama administration has stored up its hopium spittoon.

Sat, 05/08/2010 - 20:01 | 338482 WaterWings
WaterWings's picture

Are you from the Harry department?

Sat, 05/08/2010 - 20:14 | 338485 Pure Evil
Pure Evil's picture

I think the ratio of constant assholes just increased by one.

Sat, 05/08/2010 - 21:03 | 338533 WaterWings
WaterWings's picture

"Clever girl." Explain to me "reality", so that I may see the error in my ways. How can one "play the game" these days. You know, having a goal and working for it. Hoping to reap a reward for consistent efforts and integrity. What direction of the compass is that now?

Sun, 05/09/2010 - 11:04 | 339174 contrabandista13
contrabandista13's picture

WaterWings:

"......Explain to me "reality", so that I may see the error in my ways. How can one "play the game" these days. You know, having a goal and working for it. Hoping to reap a reward for consistent efforts and integrity. What direction of the compass is that now?....."

 

How the Hell would I know....?  LOOK AT ME....!  I'm just a little dog that keeps my master happy...  What do I know about "goals", "working", "consistent efforts" and "integrity"....  Those are all human illusions... Just throw me a bone and I'm as happy as a clam in cold water.....

 

Ciao,

 

Econolicious

Sat, 05/08/2010 - 22:50 | 338599 Pure Evil
Pure Evil's picture

 

http://www.google.com/url?url=http://www.youtube.com/watch%3Fv%3DYY6wwAhvirY&rct=j&ei=wBjmS4-5J4L6lwfQ3cWODA&sa=X&oi=video_result&resnum=1&ct=thumbnail&cad=7029750407193660086&ved=0CEwQuAIwAA&q=you+are+corret+sir+ed+mcmahn&usg=AFQjCNG-qQqhE1PGTu4AlEBmmI7asS07tw

 

Prince John: A knife! He's got a knife!

Eleanor: Of course he has a knife, he always has a knife, we all have knives! It's 1183 and we're barbarians! How clear we make it. Oh, my piglets, we are the origins of war: not history's forces, nor the times, nor justice, nor the lack of it, nor causes, nor religions, nor ideas, nor kinds of government, nor any other thing. We are the killers. We breed wars. We carry it like syphilis inside. Dead bodies rot in field and stream because the living ones are rotten. For the love of God, can't we love one another just a little - that's how peace begins. We have so much to love each other for. We have such possibilities, my children. We could change the world.

Sun, 05/09/2010 - 00:34 | 338694 WaterWings
WaterWings's picture

We have such possibilities, my children.

Breathtaking.

In a world where carpenters get resurrected, everything is possible

Sun, 05/09/2010 - 00:43 | 338724 Rick64
Rick64's picture

LOL

Sat, 05/08/2010 - 18:59 | 338429 waterdog
waterdog's picture

I voted no twice, so subtract one.

Faith is believing in something that you cannot prove exist.

Capital markets exist. Therefore, the question could be, do you have expectations that capital markets will operate for the good of America. My answer is no; my expectation of capital markets is for them to steal everything of value from America.

 

Sun, 05/09/2010 - 00:53 | 338731 G-R-U-N-T
G-R-U-N-T's picture

Faith = "Undeceiving Expectation"

Capitol market deception is what we spend our time navigating through.

ZH is one of my favorite "Cover Pullers". Keep up the good work ZH, cause your a site after my own heart indeed!!!

 

Sat, 05/08/2010 - 18:54 | 338420 Goods
Goods's picture

This poll is a joke right?

Sat, 05/08/2010 - 18:42 | 338397 sneering nihilist
sneering nihilist's picture

I no longer contribute to my 401k despite the generous match offered by my employer.  All of my 401ks are 100% as close to cash as they can be, usually a "stable value" fund.  

I've been banking exclusively with Wells Fargo for 16 years (since I was 16 and got my first job).  I am waiting for them to make one single fuck-up so I can close my accounts and move to a smaller bank.

I have several months net pay in cash "de-banked."

I've been buying gold and silver.

I'm armed to the fucking teeth and know how to shoot.

I have absolutely no faith in America's capital markets.

Sun, 05/09/2010 - 00:23 | 338708 Sespian
Sespian's picture

You don't have to wait to take control of your 401(k) if you roll it over into a self-directed 401(k).  I started a corporation with the purpose of investing my assets.  Then I created a one.K [with the help of an attorney], naming myself as the trustee.  Then I legally withdrew all of the funds in my 401(k) and started in investing exactly the way that I want.  There are very few limitations into what you can invest with this.

 I'm not a financial advisor, nor an attorney, so please seek advice from an attorney before you take action.  The attorney I used was Brian G. Tillotson of NAFEP, Inc. www.nafep.com (801) 266-9900

Hope that helps!

Sat, 05/08/2010 - 19:47 | 338471 Pure Evil
Pure Evil's picture

Why the fuck are you waiting?

Open that account and start funding it by slowing moving your deposits to the new account.

Start draining the WF account to pay bills and when the balance gets low enough send the final cut off notice.

Sat, 05/08/2010 - 19:19 | 338451 drwells
drwells's picture

Be careful, that first fuck-up could be a lulu.

I left my job recently and am glad I can get my 401(k) out of the money market fund (I believe those too will be blown up) and into a bank with a good Texas ratio, before just pulling the plug on it entirely.

You might want to look into something called "in-service distributions" if you're interested in evacuating the 401(k) without quitting.

Sat, 05/08/2010 - 18:49 | 338408 WaterWings
WaterWings's picture

Judging by your name I would not consider you a liar!

Sat, 05/08/2010 - 18:31 | 338375 Budd Fox
Budd Fox's picture

Not in this form, no...but my generation saw America win a World War, rescue an Europe in rabbles, spread democracy and spark 60 years of wealth...

Wake up you damn sleeping giant, bring back honest man to power and do what is RIGHT, restore decency and restitute the middle class..... and rescue all.

 

What is RIGHT, not what is convenient to oligarchs and lobbyists...

WAKE UP AMERICA!!!!!!!

Sat, 05/08/2010 - 18:58 | 338427 Cheeky Bastard
Cheeky Bastard's picture

 rescue an Europe in rabbles

 

Uh, no. The Red Army did most of the heavy lifting, read more history books [possibly those written/sponsored NOT by US military and its branches]. Propaganda is one hell of a drug and you will soon OD if you dont cut back on the use.

spread democracy

HA HA HA HA HA HA HA HA HA ...... HA !!!!!!!

http://www.scribd.com/doc/6326156/Hegemony-or-Survival-Noam-Chomsky Here you go read all about how and with the help of whom did America "bring democracy"

and spark 60 years of wealth

Oh fucking hell no you diint. 

1. Destruction of European industry in the WWII and the subsequent dollar hegemony based in the passive occupance of European territory combined with the threat from the East did that.... oh and one little thing called FIAT fucking currency ... oh and Saudi oil ... never forget Saudi oil ...

2. The "wealth" you speak of was nothing else than future borrowing put into past production and consumption. Look at USA debt curve post 1971.



Also there was never an "honest" man in power even your founding fathers structured society and the republic such that only those who owned land were given the right to vote. America was never the Utopia many say it was. Never. It just hide the fact that it wasn't a lot better in the past. 

Sun, 05/09/2010 - 00:35 | 338719 Budd Fox
Budd Fox's picture

Dear Cheeky, we may agree on something, and disagree with something else....

I read many history books, not all sponsored by the U.S. military, I also avoid the ones sponsored by Stavka.

The Red Army paid in manpower to do his part, basically because Uncle Joe was so surprised by The German Invasion that he lost 3 million soldiers in the first 3 months of war, and of course the Russian part was a hefty one ...of course, also,  Mother Russia was not scarce in cannon fodder, but after the decision to move all the industrial power behind the Urals, Joe Stalin and the Red Army were left with a little problem....How on hell transport all the resupplies to the front ??

You surely know that firepower may win a battle, but logistics win a War. And since u don't seem at all "nekulturrny" but a well red person, you surely know that in deep Russia, the word "truck" is pronounced "Studebaker"....Ask an old Red Army vet about the Studer...or ask Marshal Zhukov How many of his BM 13 Katyusha rocket launchers were on a Studer . LOGISTICS win a War, Industrial might...something that if Joe Stalin had known, may have costed him few million people less...not that he cared. Oh...and two out of three Tank Corps of the fabled 5th Guards Tank Army of Rokossowsy were mounted on Shermans...specially fitted with diesel engines...the third Corp was mounted on T34.

 

I happen to know Noam Chomsky book...but everything should be in context...in 1945, In Europe, you had two choices...the Marshall Plan or the fraternal hand of Joe Stalin.

Who took the Marshall Plan, yes, contributed to the rising power of the United States...who took (sometimes even putting up some resistance..) Joe Stalin hand was freed only in the nineties and is still rather undeveloped now..

This doesn't change the ridicolous mistakes in foreign policy that the U.S. did in its backyard, South America, and the senseless dictators sponsored there...I was talking mainly of a European perspective.

Thanks for the spiralling debt graph...basically proves my view...till Ronald Reagan, Joe Sixpack's life slowly improved, Social Security was generous, although some worries on demography were arising,...after Reagan started deregulating, debt spiralled and consigned the National wealth in the hands of the bankster oligarchs.

I still regard FDR as an honest man in power.

 

Sun, 05/09/2010 - 14:59 | 339581 sgt_doom
sgt_doom's picture

"..after Reagan started deregulating, debt spiralled and consigned the National wealth in the hands of the bankster oligarchs."

Actually, deregulation really began with Nixon and Carter, but truly took off under Reagan (Executive Order #12615, establishing the Office of Privatization, etc.).

I  believe the airlines industry (which defintely should NEVER have been deregulated, due to its extreme sensitivity to natural and political events, as witness the recent probs in Europe and the Icelandic volcanoes) and the trucking industry were deregulated under the Carter Administration, plus -- according to Brzezinski's own memoirs -- the willful and designed destruction of a newly secular nation of Afghanistan began (Zbig, with the help of the Saudis, began moving Islamic extremists to the northern Afghani border to foment probs with the Soviet 'stans -- prior to that the northern border was populated by the much milder Sufi Islamics).

I'd posit the problems for a civilized economic progress began with the assassinations of JFK, MLK and RFK....

Sun, 05/09/2010 - 06:54 | 338878 kaiten
kaiten's picture

I wonder, how did they move industrial base behind Ural, if they, supposedly, didnt have logistics? Mhmmmm .....

 

And talking about few hundreds Shermans in russian/soviet forces is meaningless when they produced over 50 thousands of their superior T-34.

Sun, 05/09/2010 - 10:37 | 339138 M.B. Drapier
M.B. Drapier's picture

The Soviets produced thousands of dead-sexy and brutally effective T-34s, and similarly high-quality fighter and attack aircraft. They were deeply dependent on the US for boring, vital stuff from telephone cable to 2½-ton trucks (speaking of the Urals...) The Soviets were never lacking for dead-sexy military and scientific achievements, right up until the final collapse of the Soviet economy. It's one of the problems of a command economy.

Sun, 05/09/2010 - 15:33 | 339617 Budd Fox
Budd Fox's picture

Correct...it was that boring vital stuff that killed any 5 year plan afterwards ...when they couldn't get anymore boring vital stuff from the U.S.

Sun, 05/09/2010 - 03:24 | 338814 Temporalist
Temporalist's picture

Dwight D. Eisenhower

http://en.wikipedia.org/wiki/Dwight_D._Eisenhower

"A people that values its privileges above its principles soon loses both."

"Disarmament, with mutual honor and confidence, is a continuing imperative."

"Here in America we are descended in blood and in spirit from revolutionists and rebels - men and women who dare to dissent from accepted doctrine. As their heirs, may we never confuse honest dissent with disloyal subversion."

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist"

"May we never confuse honest dissent with disloyal subversion."

"Only Americans can hurt America."

"Peace and justice are two sides of the same coin."

"Pessimism never won any battle."

"Politics ought to be the part-time profession of every citizen who would protect the rights and privileges of free people and who would preserve what is good and fruitful in our national heritage."

"Some people wanted champagne and caviar when they should have had beer and hot dogs."

"The purpose is clear. It is safety with solvency. The country is entitled to both."

"The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office."

"There is nothing wrong with America that faith, love of freedom, intelligence, and energy of her citizens cannot cure."

"We will bankrupt ourselves in the vain search for absolute security."

Sun, 05/09/2010 - 01:03 | 338722 Cheeky Bastard
Cheeky Bastard's picture

...in 1945, In Europe, you had two choices...the Marshall Plan or the fraternal hand of Joe Stalin.

 

Not quite.

The Tito-Stalin Split was a conflict between the leaders of Federal People's Republic of Yugoslavia and the Union of Soviet Socialist Republics, which resulted in Yugoslavia's expulsion from the Communist Information Bureau (Cominform) in 1948. It was said by the Soviets to be caused by Yugoslavia's disloyalty to the USSR and socialism in general, but most evidence suggests it

had more to do with Josip Broz Tito's national pride and refusal to submit fully to Joseph Stalin's will. 

........

The expulsion effectively banished Yugoslavia from the international association of socialist states. After the expulsion, Tito suppressed those who supported the resolution, calling them "Cominformists"[2] . Many were sent to a gulag-like prison camp at Goli otok[3]. Between 1948 and 1952, the Soviet Union encouraged its allies to rebuild their military forces—especially Hungary, which was to be the leading force in an eventual war against Yugoslavia. Stalin's successor, Nikita Khrushchev, later commented that "Tito was next on Stalin's list, after Korea."

http://en.wikipedia.org/wiki/Tito–Stalin_split

Sun, 05/09/2010 - 01:09 | 338747 Budd Fox
Budd Fox's picture

I stand corrected...in the polarization of the Cold War I totally ovelooked the then called "Non Aligned" movement.

Good point.

Sat, 05/08/2010 - 20:51 | 338531 Rick64
Rick64's picture

Excellent response. Especially agree with

 

Also there was never an "honest" man in power even your founding fathers structured society and the republic such that only those who owned land were given the right to vote. America was never the Utopia many say it was. Never. It just hide the fact that it wasn't a lot better in the past. 

Sat, 05/08/2010 - 19:23 | 338453 Conrad Murray
Conrad Murray's picture

I always hate to nitpick small points out of largely solid posts, but this is something I've been thinking a lot about the past couple weeks.  I'm not sure there shouldn't be a limit placed on who has the right to vote.  Maybe landowners, maybe taxpayers (not people who get everything back and then some at the end of the year), or, at the very least, only those who can pass a basic civics exam.  Thoughts?

Sun, 05/09/2010 - 08:07 | 338947 Mesquite
Mesquite's picture

Whaaat.?? You want to put the carpet baggers out of business..??

Sun, 05/09/2010 - 07:55 | 338936 AnAnonymous
AnAnonymous's picture

Thoughts? One quite easy actually. Not quite a thought, just a basic observation.

Around 50 per cent of the US voter population does not vote.

Maintaining simply yourself into a kind of illusion. Vote  is not involved in that stuff.

 

Sun, 05/09/2010 - 00:36 | 338720 chindit13
chindit13's picture

I have a simpler test.  At the polling station, ask voters to stick their tongues into an electric socket.  Those who do it will die, and obviate the question of whether or not they are qualified.  Those who tell you to stick it where the sun don't shine are clearly the kind of non-sheeple any country needs as its electorate.

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