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THe LTRO PRiNCiPLe...

williambanzai7's picture




 

LTRO SIMPLIFIED (w/Limerick)

 

The LTRO is a crane
Attached to an opposite train
Will this sucker go?
Do snakes like the snow?
Are Greeks now enjoying their pain?

The Limerick King

 

 

.
MARIO PLAYS THE MARKET DEVIL

Draghi and Satan are chums

They're playing for outrageous sums

This dumb TROIKA clown

Must now double-down

Or all the EU will be slums

 

The Limerick King

.
EURO HELLRAISER

 

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Thu, 03/01/2012 - 04:49 | 2211649 Yen Cross
Yen Cross's picture

 Short the crosses. Stealth Intervention

Thu, 03/01/2012 - 06:43 | 2211712 covert
covert's picture

selling to the devil?

http://covert.mypressonline.com

 

Thu, 03/01/2012 - 03:52 | 2211590 ivars
ivars's picture

It is a prediction of EUR/USD long term trend, which was made in October 2011 and which starts to resemble reality relatively well just now. In essence it says that while PM's in USD will be going up, so will be USD value vs EUR, or in EUR PM appreciation in 2012-2013 will be about 20% more than in USD. I suppose that means in general that USDx is moving up for few years.

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&start=1520#p36692

The reason I see USD doing fine vs. other USDx currencies is that despite losing its value vs. commodities, it will still be the most wealth preserving currency due to its partial nature of being  commodity itself (which is right now of course being eroded slowly but surely with printing, and will be gone with the USA partial default).

The USDx chart I made in October proposes dramatic upswing right now. Need more time to check against reality, even though so far it has been correct. You may disregard comments I made around the topic in the post, they were reflecting ideas I had at that time.

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&start=600#p34401

I will make a new EUR/USD slightly squeezed on time axis prediction chart once it becomes clear that the top at 1,35 was the right one. Or not.

Thu, 03/01/2012 - 03:43 | 2211571 BlackholeDivestment
BlackholeDivestment's picture

...I caught an interview of a young soldier that got his legs blown off. It was what CBS National News ended their ''program'' with. The man in the chair last words were in responce to a question. he was asked ''what helps him the most''. He responded with dispare in his eyes and sorrow upon his tonge and said ''drinking''.

goto 10: 20 http://www.cbsnews.com/video/watch/?id=7400533n&tag=pop;videos

I don't have an ounce of humor to offer, and lost my ability to laugh at the moment. I must thank you William, for having the strength of your humor. Knowing you are here is a gift. Keep it up bud.

http://www.youtube.com/watch?v=pTQiT58AbE0

Thu, 03/01/2012 - 04:25 | 2211622 Liquid Courage
Liquid Courage's picture

No laughing matter, to be sure.

No platitudes to the Glory of Empire, just stark reality.

Crippled puppets of the

Regime Change see the

Empire for what it is.

A Debt to be paid in

Misery and paid again by some

Future Posterity.

All the winners

Walk Free.

Thu, 03/01/2012 - 02:02 | 2211440 ebworthen
ebworthen's picture

"A Better Tomorrow"

Duty Now for the Future.

http://www.youtube.com/watch?v=LwrxnjTxc-I

(Corporate Anthem, Clockout, Timing X)

Thu, 03/01/2012 - 02:22 | 2211484 Yen Cross
Yen Cross's picture

At this exact moment. Short the British Pound!

Thu, 03/01/2012 - 01:52 | 2211420 Goldtoothchimp09
Goldtoothchimp09's picture

Maybe William will do a good Andrew Schiff for us tomorrow?!?!?!!!!!!!!!!

 

 

Thu, 03/01/2012 - 01:51 | 2211419 Yen Cross
Yen Cross's picture

 I wish I was GAY! Unfortunately not. I sure love Gay " People Though"

  You will never change me though. " Beautiful as you are"

Thu, 03/01/2012 - 00:21 | 2211153 Uchtdorf
Uchtdorf's picture

Have you ever seen the image of a guy standing in a bucket that he is simulataneously trying to lift?

 

http://moonbattery.com/?p=4252  Gotta see this.

Thu, 03/01/2012 - 01:23 | 2211357 Liquid Courage
Liquid Courage's picture

Great imagery, leading to the now common term "re-boot".

Pull yourself up by your bootstraps Meaning

Improve your situation by your own efforts.

Origin

The origin of this descriptive phrase isn't known. It refers of course to boots and their straps (laces) and to the imagined feat of a lifting oneself off the ground by pulling on one's bootstraps. This impossible task is supposed to exemplify the achievement in getting out of a difficult situation by one's own efforts.

It was known by the early 20th century. James Joyce alluded to it in Ulysses, 1922:

"There were others who had forced their way to the top from the lowest rung by the aid of their bootstraps."

A more explicit use of the phrase comes a little later, from Kunitz & Haycraft's British Authors of the 19th Century:

"A poet who lifted himself by his own boot-straps from an obscure versifier to the ranks of real poetry."

Some early computers used a process called bootstrapping which alludes to this phrase. This involved loading a small amount of code which was then used to progressively load more complex code until the machine was ready for use. This has led to use of the term 'booting' to mean starting up a computer.

http://www.phrases.org.uk/meanings/290800.html

Thu, 03/01/2012 - 00:24 | 2211177 Yen Cross
Yen Cross's picture

 Thanks!

Thu, 03/01/2012 - 01:06 | 2211307 Uchtdorf
Uchtdorf's picture

Pleasure.

Wed, 02/29/2012 - 23:12 | 2210951 Yen Cross
Yen Cross's picture

 That Jamie Dimon WW2 " Bond Fill" (sarc) poster was awesome!

Wed, 02/29/2012 - 23:00 | 2210909 Shibumi2
Shibumi2's picture

dude...where in the hell do you come up with this stuff?

 

It's first rate, but seriously, are you holed up in some cave, Kazinski style?

 

And I'm guessing YOU are the limerick king? Those limericks are first class! stuff actually rhymes..but let's see you use ORANGE

Thu, 03/01/2012 - 01:01 | 2211290 williambanzai7
williambanzai7's picture

People who hole themselves up have a hard time being creative because they cut off too many inputs.

Theoretically it's possible that I am the Limerick King. It's also theoretically possible that I opened the other user account and started sending messages and limericks to myself. I'll have to ask him and get back to myself. ;-)

Thu, 03/01/2012 - 01:16 | 2211337 Liquid Courage
Liquid Courage's picture

I'll have to ask me and get back to myself. ;-)

FIFY

Wed, 02/29/2012 - 22:54 | 2210892 nah
nah's picture

funny

Wed, 02/29/2012 - 22:44 | 2210848 Yen Cross
Yen Cross's picture

 Is that Al Gores' [ GHOST] channeling the " Limerick King" , WB-7 ?  Huge Clive Barker fan!

   + OO

Wed, 02/29/2012 - 22:47 | 2210844 Downtoolong
Downtoolong's picture

How come none of these process diagram metaphors for the economy ever show anything trickling down to me. Oh yea, I forgot, I'm the consumable feedstock supply.

Thu, 03/01/2012 - 01:25 | 2211330 Liquid Courage
Liquid Courage's picture

Quite right. In the Fascisti Machina, you're an inventory item. Like Soldiers and ... er ... Mothers.

Wed, 02/29/2012 - 22:19 | 2210787 blindman
blindman's picture

@" will it move?"
Tom Waits - Get Behind The Mule
http://www.youtube.com/watch?v=ORSMACaVPYY
.

Wed, 02/29/2012 - 21:58 | 2210715 blindman
blindman's picture

http://archive.wbai.org/
gabor mate'
Wednesday February 29 9:00am 59 min
Public Affairs
Brain Development & Addiction with Gabor Mate
http://www.youtube.com/watch?v=BpHiFqXCYKc

http://archive.wbai.org/
talk back .
" slavery by another name ", douglas blackmon
( here the origin of the modern money system )
Wednesday February 29 3:00pm
1 hour 59 min
Public Affairs
.
" slavery by another name ", douglas blackmon bill moyers interview
http://www.pbs.org/moyers/journal/06202008/watch2.html

Wed, 02/29/2012 - 21:09 | 2210529 non_anon
non_anon's picture

remember the boyscout motto...

 

Suspects nabbed in violent taking of rare coins

"Two men have been arrested in the home invasion burglary of a Northwest Washington man who was pistol-whipped, tied up and robbed of cash and rare coins, police said."

http://washingtonexaminer.com/local/crime/2012/02/suspects-nabbed-violent-taking-rare-coins/324041

courtesy Drudge

Wed, 02/29/2012 - 20:53 | 2210475 trentusa
trentusa's picture

ha ha ha that's my favorite toon of yours this week what with the giant hoover magnet using mysterious invisible mechanism to suck money out like a vampire bat. I had to look up the word sieve but thats a good word (for alchemists communists & sorcerers j/k) and i like this summation i'm going to save it for my repertoire next chance i get

 

"the tower is so precarious that the only thing that keeps it from toppling is cheap carnival tricks and moral hazard'   Banzai 2012 ZH

Wed, 02/29/2012 - 21:11 | 2210534 williambanzai7
williambanzai7's picture

It's so easy to get bogged down in all the jargon, acronyms and technical nonsense they throw at you. You step back and look a what's going on, it's really not as complicated as they want everyone to believe.

It's fucking ridiculous.

Thu, 03/01/2012 - 01:07 | 2211309 Liquid Courage
Liquid Courage's picture

So true. And that's the part that pisses me off so much ... when I let it.

They're really in essence no different from the Medicine Men who - having arcane, cultural fore-knowledge of the nature of solar eclipses - convinced the commoners and soldiers they must shout and throw spears at the monster devouring the sun, so they can then take credit for having destroyed the monster.

Despite all the layers of "sophistication", it's exactly the same cultural phenomenon. Fools being led by devious fools. Shall they not all fall in the ditch?

Thu, 03/01/2012 - 01:12 | 2211326 williambanzai7
williambanzai7's picture

What is going on in Europe is a true amateur hour, with a few Goldman deviants mixed in to run the show.

Thu, 03/01/2012 - 04:08 | 2211609 Liquid Courage
Liquid Courage's picture

Yeah. I think it's called "History".

Wed, 02/29/2012 - 20:14 | 2210398 JohnKozac
JohnKozac's picture

Murry Rothbard, The Mystery of Banking

 

“…the early receivers from the new money (here, the LTRO cash) benefit at the expense of the late receivers—and still more, of those who never receive the new money at all. The earliest receivers—the banks—benefit the most….”

 

Rothbard at his finest.

Wed, 02/29/2012 - 20:51 | 2210469 non_anon
non_anon's picture

ah, yes, man has used the latest finanicial shenanigans in his era to reap the ill gotten gains.

one in mnd, John Law

"There is nothing 'modern' at all in Modern Monetary Theory. It is the same old fish wrapped in slightly different paper. The godfathers of Modern Monetary Theory are John Law, G.F. Knapp, J.M. Keynes, and most lately Alan Greenspan. But its roots go back to any ruling group that ever debased a currency or seized private property by fraud."

http://jessescrossroadscafe.blogspot.com/2011/12/gold-daily-and-silver-weekly-charts_21.html

Wed, 02/29/2012 - 20:31 | 2210402 williambanzai7
williambanzai7's picture

A variation of the greater fool theory.

Is this book downloadable for free from Mises?

What is happening in Europe now is blatant in your face chicanery. The fact that everyone is not hightailing it out of dodge is indicative the nature of the bond markets. I have my own elaborate view on this, but basically it looks like a giant sieve.

And it was such bread and butter that everyone wanted to pile into the game, which resulted in a giant jenga tower that relied on the absence of volatility. Now the tower is so precarious that the only thing that keeps it from toppling is cheap carnival tricks and moral hazard.

I have not heard a single explanation of how the European periphery is supposed to compete sustainably in a world of BRICs in order to pay down all this proliferating debt. 

Thu, 03/01/2012 - 03:29 | 2211565 Nobody For President
Nobody For President's picture

I have not heard a single explanation of how the European periphery is supposed to compete sustainably in a world of BRICs in order to pay down all this proliferating debt. 

Well, the way it works is that there is this big magnet hooked to the front of the money train and...


Wed, 02/29/2012 - 21:44 | 2210620 Withdrawn Sanction
Withdrawn Sanction's picture

I have not heard a single explanation of how the European periphery is supposed to compete sustainably in a world of BRICs in order to pay down all this proliferating debt.

No sane person expects them to pay.  If there is a bright side to this entire train wreck it is that there is only one way out.  Greece (and Ireland, and Portugal, and Spain, and Italy, and the UK, and Japan, and the US) need to go Iceland on the banksters.  No doubt though they (the banksters) being of limited intelligence but excessive guile, will try every other option first.

Wed, 02/29/2012 - 20:57 | 2210490 Uchtdorf
Uchtdorf's picture

There is no explanation, but, so far, there is also no Lexington and Concord of our day. Isn't that what it's going to take, no matter how dreadful that might end up being?

Wed, 02/29/2012 - 20:54 | 2210481 McNoob
McNoob's picture

Banzai, love the crane analogy... so apt... so succinct.

 

You're a goddamn mavel of modern science!

Wed, 02/29/2012 - 21:08 | 2210522 williambanzai7
williambanzai7's picture

A BETTER TOMORROW

Wed, 02/29/2012 - 22:58 | 2210903 BeetleBailey
BeetleBailey's picture

WB7: You need to post a link to get that font style!

 

Wicked!

Thu, 03/01/2012 - 01:07 | 2211313 williambanzai7
williambanzai7's picture

It's called A&S Speedway you can download it for free

Wed, 02/29/2012 - 20:33 | 2210435 MrBinkeyWhat
MrBinkeyWhat's picture

Yes it is, and it is RECOMMENDED READING!!!

Wed, 02/29/2012 - 20:10 | 2210386 Uber Vandal
Uber Vandal's picture

You Summoned Us.

We Came.

Pinhead.

 

A new twist would be "We'll tear your sovereignty apart"

 

By the way, is the card player originally a Howard the Great print?

 

Wed, 02/29/2012 - 20:12 | 2210392 williambanzai7
williambanzai7's picture

I think it was the book cover for Carter Beats the Devil.

Wed, 02/29/2012 - 20:17 | 2210404 Uber Vandal
Wed, 02/29/2012 - 19:59 | 2210367 non_anon
non_anon's picture

the scariest pinhead in the series

in other news

The TSA Is Coming To a Highway Near You

"As TSO’s continue to expand their presence beyond our nation’s airports and onto our highways, every American citizen has the right to know that they are not dealing with actual federal law enforcement officers. Had one Virginia woman known this days before Thanksgiving she may have been able to escape being forcibly raped by a TSO who approached her in a parking lot in full uniform while flashing his badge."

http://www.forbes.com/sites/realspin/2012/02/29/the-tsa-is-coming-to-a-highway-near-you/

courtesy Drudge

Wed, 02/29/2012 - 19:58 | 2210363 Goldilocks
Wed, 02/29/2012 - 20:09 | 2210385 williambanzai7
williambanzai7's picture

WALL STREET NEWS

A new 12 Step program for Scum
Step 1: just admit you are dumb
The next thing to do
Let's call it Step 2:
Removing your dick from my bum!

The Limerick King

Thu, 03/01/2012 - 00:06 | 2211129 Jumbotron
Jumbotron's picture

This from the Wall Street Journal.....

J.P. Morgan Chase chief James Dimon was in feisty form at his bank’s investor day Tuesday. So much so that he seemed to wager his soul: “We had record profits this year, last year, and I’ll be damned if we don’t have record profits in the next year or two.” At least he didn’t profess to be doing “God’s work,” a à la Goldman Sachs’s Lloyd Blankfein.

Mr. Dimon also lashed out at criticism of lavish banker pay, as well as Warren Buffett, who has called for higher taxes on the rich. Mr. Dimon bets Mr. Buffett “pays his top 20 or 30 people” more than J.P. Morgan does.

Nor did he spare the media, saying the compensation-to-revenue ratio at newspapers was higher at about 42% than that of J.P. Morgan’s investment bank at about 35%. Addressing reporters he added, “Worse than that you don’t make any money,” and boasted, “We pay 35% and we make money.” Of course newspapers didn’t rely on taxpayers of all income brackets for billions of dollars in bailout funds, either.

– David Reilly

Love that last line !  :)

Thu, 03/01/2012 - 00:50 | 2211253 williambanzai7
williambanzai7's picture

Tnx, he is a natural born asshole.

Thu, 03/01/2012 - 03:57 | 2211595 DollarMenu
DollarMenu's picture

I'm not so sure.

I'd have to see his belly button first.

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