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Funny music video: WORLD OF DEBT
awwr, the economist has no respect for democracy? oh my, oh my. isn't this the magazine that fought hard for the democratic transformation of third world countries and loathed kings, coups and dictators of all sorts for so many years?
things must be bad in the city, i mean really really bad and i love it.
SNL does Obama and the sequester last night.....
That paul krugman dude is a provocateur. Just ignore him
Either it's very dry satire or sloppy nonsense. Take your pick.
Dear Membering Tools, Friends & Patriots
My name is DeviliN Holder and i am compiling an independent Shadow Weapon Inventory Statistical Survey ( SWISS ) for my final year thesis at University.
Could you please complete the survey Names Addresses Year Make & Type of Weapon Licenced/Un and any other Deeetails that may prove useful to them, i mean my thesis. Further should you know of anyone in your community who is " holding " then please feel free to include them.
Thank you ever so much for participating. This information will be secure and completely confidential.
You may or may not have heard of my uncle Eric but i can assure you Old Hold'em Up is not involved until he is; rest assured.
It's for the children everyone...
Please help out, you don't want another false flag....do ya?
Good thing I didn't see this until early am, evil clowns give me the creeps and nightmares.
Come to think of it, so do most egomaniacs.
Mmmm...giraffe meat!! Any oily leakage thingy??
Why so SERIOUS?
How long before we clowns say "fuck it"?
Why wait until we're standing in line for the food stamps and wearing government correctional issue troll pantyliners whilst working for free at Wallymart?
Despite gross incompetance injustice and Theft on a global scale WE Still accept this giant mushroom cloud of a dead Ponzi hanging over our heads.
When an evil twisted cunt like sLagarde who played a major role in fucking up frenchie domestic is promoted to queen of Shadow Banking ( IMF aka I is Mother Fucker ) then Hopium is Done and KILL is the last refuge of clowns.
William, please do one of those old uncle scam posters where he is s aying "I want U for the US Army," but make it for the Free Shit Army.
I would use Skeeter in a uncle scam outfit with a big, faux-gold $ necklace.
My art student daughter is getting copies of your stuff, it is how I teach her economics.
Obama, the sequester and the screaming Goats.....
How much "unpaid leave?" Probably two Friday afternoons, if the cuts are made, which they won't be. In any case who could ever prove it with no federal budget? Lying Sack of Shit has gone over to THE BIG LIE.
It's the Rob Serling age of politics....
I don't wait for SNL every week since Obama came around, what a freak show.
24/7 laugh track
These boots are NOT made for walking
It really frosts the Economist that Italy has the nerve to try and dose themselves against the Goldmanitis squid disease.
Anyone else notice how the road they keep kicking this can down is getting more and bigger potholes in it?
In Troika 3.0, could that little dog barking at Mutti be Nigel Farage?
Great stuff, as always.
See the interesting tattoo on her arm. As always, this image pays homage to the original artist, in this case Otto Dix.
WB7 you are awesome! I don't know how you have time to make all of these hilarious pics.
Good work WB you hit nerves.
Whatever you say about the Economist, they deserve worse.
Fantastic Billy B. ! I foresaw the outcomes of the fascist leftist policies of the Bernanke's, Krugmanites, Drahi's,Geithners, etc..
Now you know how I selected my ZH moniker.
This is disgusting.
I thought Zero Hedge was a blog that focused on real issues, however wrong Tyler is on the outcomes and solutions.
Zimbawi needs your help. Oops - looks like you already did.
Here's a quote from your blog...
Business Insider reports on a Bloomberg TV interview with hedge fund legend Stan Druckenmiller that helped crystallize in my mind what, exactly, I find so appalling about people who say that we must tighten monetary policy to avoid bubbles — even in the face of high unemployment and low inflation.
Druckenmiller blames Alan Greenspan’s loose-money policies for the whole disaster; that’s a highly dubious proposition, in fact rejected by all the serious studies I’ve seen. (Remember, the ECB was much less expansionary, but Europe had just as big a housing bubble; I vote for Minsky’s notion that financial systems run amok when people forget about risk, not because central bankers are a bit too liberal). But props to Druckenmiller for being explicit about what he thinks should have happened: after the dot-com bubble burst,..."
The Fed regulates the banks and allowed them to make stupid (in the sense that they would never purposefully keep them on their own books) loans that they then packaged and sold to unsuspecting victims on both sides of the Atlantic. Complicit in this crime were the rating agencies and pundits such as yourself who kept repeating that all was well right up until Lehman failed in the fall of 2008.
Now you have the balls to say that Greenspan and Bernanke's low rate environment aren't the root cause of this debacle and you are still telling us all will be right and we just have to tow the line that the "experts" including yourself know what's good for the rest of us. What would be helpful is if you'd crawl into a hole and stop boring us with this drivel.
You are disgusting, Duckter Croakman.
I understand that we have our differences when it comes to how to manage ourselves out of this depression, but making fun of people who mean well is a blow below the belt. When I disagree with my advisories I do not point out their personal flaws, because ad hom attacks will not only divert attention from the crux of the argument, but it will also lose the debate. This is why I strictly stay focused on the task at hand - how to end this depression. I strongly advise you all do the same.
This is why I strictly stay focused on the task at hand - how to end this depression. I strongly advise you all do the same...
If only this was indeed the good Dr. actually admitting to the diagnosis of our present economic state as a depression. With 85B frns pumping monthly and an 85B "less than expected" increase in US gov't tbill sales over the next 12 months, still refusing to improve the "good faith and credit" of US rule of law, personal accountability by the individuals that bear the greatest culpability for the failure need to be brought to justice.
Our problem is we no longer trust the judicial system and individuals assigned to the task. Without a proper hearing, the backroom deals made prior to evidence being made public only increases the velocity of our eventual reset. Not sure I really care at this point.
Thanks for the sage advice, doc. I'm off to shatter some perfectly serviceable windows.
Don't feed the trolls, unless you actually enjoy his brand of infantile and satirical nonsense.
I second this remark.
Please dont open ya mouth
Shouldn't you be over at SETI begging for an alien attack or somethin'?....
go break some windows, thugman.
Here's an idea...
How about Drukenmiller donate all of his wealth - this week, that he made at the expense of Greenspan's policies to some benevolence, or to pay down the debt. Now that would be a man to look up to, otherwise move on...
I respect him coming out... but it's easy to do when he's profited from our collective mess.
How about some Public Humiliation of the crooks who engineered this? They have no good intentions.
Politicians and Bankers are SELF INTERESTED MALIGNANT NARCISSISTS whom are operating out of fulfilling their insatiable greed through stealing.
Then they have tools, mouthpieces as you, writing apologies?
That is what is LAUGHABLE. You shed Crocodile Tears for those Hideous Monsters.
Keynesians and Austrians agree on one thing, which is reduce the debt to monetary base ratio. The Austrian take bankruptcies (Sweden in the 1990s, Latvia, Iceland) and reduce the numerator. The Keynesian explode the denominator. The Austrian solution is massievly painful in the short end but you are unlikely to be stuck with negative duration after. (that is inflation which is encouraging hedge funds to bet on AIG fixed annuities customers to be ruined. And those are not McDuck scrooge please!).
The Keynesians solution is very elegant and poorly understood by many in the short end because the Gov is not borrowing since the Fed holds the "debt", the Gov is merely using newly created base money. However it encourages bad behavior long term, it discourages savings and comes with a lot of moral hazards attached to it.
The German solution is not to explode the monetary base, but not to take the write down on teh bad debt either. I think that both Austrians and Keynesians agree that it is a disaster. If you want your currency untouched, renegotiate teh debt!
You're nothing but a cheerleading whore, while these bankers and politicians pass unconstitutoinal laws and buy up real assets with 1s and 0s you have the audacity to support them and even blame capitalism. (We're about as close to capitialism as the old USSR) Our media watch dogs have turned into chihuahuas.
William, do you think that Dr K is really post on here??
He looks here to see what the fringe low brow morons are saying, I'm sure.
If he is a intellegent as he thinks he is, then he actually should be posting a defense on the greatest blog that I have run across so far. I follow Kunsler, and shoot him emails. ( I introduced him to the Zeit Geist movement thing). Sooooooooooo I guess it is possible that Dr K is posting.
That would make you a important internation star soon when the history books write this one down. (we may have to bury some mud tablets some where to make sure someone gets it straight).
Like that stupid drunken, coked up, born again Pres we last had was told and then repeated "this sucker may go down", the "can kicked to the end" may be where this next leg is going. Put off for 4-5 years, till re elcection, then down the shitter and into real civil chaos.
Hard to precieve that it could really happen, but the propensity/probability tables are indicating chaos. People like Dr K have to believe they can inflate out of it, but the historical math tells us other wise.
The thoughx about the possibilities ahead for this country and my grandsons really scares the shit out og me. I know what I survived and look at what they may have to endure, I believe my generation totally wasted what the greatest generation left us. We pissed it away on Viet Nam, now this complete total waste of life and treasure.
compared to the real Krugman, our Krugman is a rational, responsible person
That is a natural outcome from from ZH of course
He is pretty good...too polite for the real Croakman.
Better learn to use a /sarc tag, Paulie; or people might take you seriously, lol...
Krugman - You are the most disgusting human on the planet. Your theories are failing wherever they are tried; you are the most dishonest person allowed to speak publically on the problems facing us. In fact, almost any kind of end to you would be a great blessing to all mankind
The crux of the biscuit is the ad hom advisory...
My Friend WB: I think the good Dr. wants to make it a foursome judging from his voyeuristic proclivities.
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