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QEternity Explained: The Definitive Infographic
Confused what the opportunity cost, as well as outright cost, of QEternity is? The following infographic from Demonocracy should put everything into perspective.
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Afganistan and Iraq were just warm ups. Wait until the Dollar bubble collapses and the whole world blames the USA for the World Wide Super Depression.
My guess is that they'll they'll come at us with 'nono-thermite' tipped boxcutters (timed in the precise moment when our air defense system simultaneously & inexplicably went DOWN)... I guess we'd really be fucked then...
A 1940's Monopoly board adjusted for debt and inflation. Pass Go and collect $200,000,000 with Benny as the Banker.
Assholes.
They could have paid off my mortgage rather than raping me, my children, and the future to benefit heartless, gutless, soulless banks and bankers.
Rot in hell FED, CONgress, and the U.S.S.A. Ponzi.
The first time you got the courtesy of Vaseline, the next time it's dry.
^5 and that, my brother from another mother, is QE in a nutshell. It is a political instrument (tax) to benefit the banking sector at the exepnse of you and I.
It is worse than the picture, since the "cost" (excluding piece rates for labor that reduces unemployment and dependency on food stamps and eking out a living rather than being able to nake wider choices) of a house is something like $35,000.
$2.6 trillion in SOMA holdings alone would mean the Fed could buy c. 75 million houses. The debt could then be forgiven, since the Fed is an agent of Government and we, the people, are the Government.
Ever wonder why there is such a veil of secrecy about the amount of money paid to investment bankers for doing no work at all other than play pinball with the Fed, the ECB, the BoJ and the Bank of England?
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9076766/Wall-Street-banks-trump-British-rivals-with-big-bonuses.html
Just wait til Nomura is hired to do all the buying of Treasuries, Gilts and Bunds with yen so they can depreciate the yen in the last tilt at QE; another closely guarded secret. How much does foreign intervention constitute of domestic QE; this means its tightening for the US, Europe and the UK?
East bound and down, loaded up and truckin'
We're gonna do what they say can't be done
They're thirsty in Atlanta ~ & there's beer in Texarkana...
OK guys; let's get real here. Our beloved leaders have thought the matter through and know exactly how to proceed in a manner consistent with the greater good of humanity. In fact they've had analysts scratching their heads over the matter for some time and producing reports on promising options to present to the aforementioned beloved leaders - who will make a knowledgable decision when the time is right. One such report is here:
http://www.imf.org/external/pubs/ft/wp/2011/wp11264.pdf
Many more such reports are available at the IMF. You can sleep well tonight, your IMF is awake.
we are goners.
I've been trying to catch up on ZH and news since personal issues have needed much of my attention in the last two weeks. I haven't seen this come thru any of my current hauntings.
I don't want to send at to tips from my email. The storm of shit is coming down. They will own EVERYTHING!
Source: http://www.marketwatch.com/story/your-right-to-resell-your-own-stuff-is-...
Text: Right To Sell Your Own Stuff Is In Peril
This update corrects the spelling of Georgetown Law School’s Jonathan Band.
CHICAGO (MarketWatch) — Tucked into the U.S. Supreme Court’s agenda this fall is a little-known case that could upend your ability to resell everything from your grandmother’s antique furniture to your iPhone 4.
At issue in Kirtsaeng v. John Wiley & Sons is the first-sale doctrine in copyright law, which allows you to buy and then sell things like electronics, books, artwork and furniture, as well as CDs and DVDs, without getting permission from the copyright holder of those products.
A Supreme Court case could limit the resale of goods made overseas but sold in America.
Under the doctrine, which the Supreme Court has recognized since 1908, you can resell your stuff without worry because the copyright holder only had control over the first sale.
Put simply, though Apple Inc. AAPL -2.04% has the copyright on the iPhone and Mark Owen has it on the book “No Easy Day,” you can still sell your copies to whomever you please whenever you want without retribution.
That’s being challenged now for products that are made abroad, and if the Supreme Court upholds an appellate court ruling, it would mean that the copyright holders of anything you own that has been made in China, Japan or Europe, for example, would have to give you permission to sell it.
“It means that it’s harder for consumers to buy used products and harder for them to sell them,” said Jonathan Band, an adjunct professor at Georgetown University Law Center, who filed a friend-of-the-court brief on behalf of the American Library Association, the Association of College and Research Libraries and the Association for Research Libraries. “This has huge consumer impact on all consumer groups.”
Another likely result is that it would hit you financially because the copyright holder would now want a piece of that sale.
It could be your personal electronic devices or the family jewels that have been passed down from your great-grandparents who immigrated from Spain. It could be a book that was written by an American writer but printed and bound overseas, or an Italian painter’s artwork.
There are implications for a variety of wide-ranging U.S. entities, including libraries, musicians, museums and even resale juggernauts eBay Inc. EBAY -1.48% and Craigslist. U.S. libraries, for example, carry some 200 million books from foreign publishers.
“It would be absurd to say anything manufactured abroad can’t be bought or sold here,” said Marvin Ammori, a First Amendment lawyer and Schwartz Fellow at the New American Foundation who specializes in technology issues.
The case stems from Supap Kirtsaeng’s college experience. A native of Thailand, Kirtsaeng came to America in 1997 to study at Cornell University. When he discovered that his textbooks, produced by Wiley, were substantially cheaper to buy in Thailand than they were in Ithaca, N.Y., he rallied his Thai relatives to buy the books and ship them to him in the United States.
Better made in the U.S.A.While American men's brands once prized European craftsmanship or appreciated low-cost production from the Far East, some of the best fashion now is made right here in the U.S. Martin Marks talks menswear. (Photo: AP)
He then sold them on eBay, making upward of $1.2 million, according to court documents.
Wiley, which admitted that it charged less for books sold abroad than it did in the United States, sued him for copyright infringement. Kirtsaeng countered with the first-sale doctrine.
In August 2011, the U.S. Court of Appeals for the Second Circuit upheld a lower court’s ruling that anything that was manufactured overseas is not subject to the first-sale principle. Only American-made products or “copies manufactured domestically” were.
“That’s a non-free-market capitalistic idea for something that’s pretty fundamental to our modern economy,” Ammori commented.
The Supreme Court is scheduled to hear oral arguments on the case on Oct. 29.
Both Ammori and Band worry that a decision in favor of the lower court would lead to some strange, even absurd consequences. For example, it could become an incentive for manufacturers to have everything produced overseas because they would be able to control every resale.
It could also become a weighty issue for auto trade-ins and resales, considering about 40% of most U.S.-made cars carry technology and parts that were made overseas.
This is a particularly important decision for the likes of eBay and Craigslist, whose very business platform relies on the secondary marketplace. If sellers had to get permission to peddle their wares on the sites, they likely wouldn’t do it.
Moreover, a major manufacturer would likely go to eBay to get it to pull a for-sale item off the site than to the individual seller, Ammori added.
In its friend-of-the-court brief, eBay noted that the Second Circuit’s rule “affords copyright owners the ability to control the downstream sales of goods for which they have already been paid.” What’s more, it “allows for significant adverse consequences for trade, e-commerce, secondary markets, small businesses, consumers and jobs in the United States.”
Ammori, for one, wonders what the impact would be to individual Supreme Court justices who may buy and sell things of their own. He himself once bought an antique desk from a Supreme Court justice. “Sometimes it’s impossible to tell where things have been manufactured,” he said. “Who doesn’t buy and sell things? Millions of Americans would be affected by this.”
If the Supreme Court does rule with the appellate court, it’s likely that the matter would be brought to Congress to force a change in law. Until then, however, consumers would be stuck between a rock and a hard place when trying to resell their stuff.
Only enforceable after implementing 24/7/365 surveilance on everyone. Perfect.
I think that after the election,the politicians in Washington are going to start to play hardball on trade with the Chinese.With commies drawing out their monies from the good old U.S.A. in order to save their red asses back home,the FED is playing it safe.Euroland is going to go further down the tubes.Right now most of the countries around the world are actually talking with each other over trying to take down the trade barriers worldwide.Sounds like most of them have been looking back at the great depression but I'm guessing that they'll muddle along together for the next decade if they're afraid to pull the plug on bad debt and unlimited exposure to OTC derivatives.Wildcards in the world economy besides the U.S.A. are Europe, Iran, Japan and China.That's a big combination of economic problems.There are a few big wildcards in the legal system in the U.S.A. as well.These should not be ignored because they are court cases that are now proceeding to higher levels and involve illegal activities committed by banks.It's called naked short selling or the counterfeiting of stock electronically.Could be what finally breaks the financial system.You can see why helicopter Ben is printing bigtime.He's not just providing liquidity to the U.S.A., in my opinion.They're afraid of one of the wildcards collapsing.I never believed in gold,but I have converted in the last year and now own a little coinage,some junk silver and Canadian gold mining shares.I recently started buying those companies that are along the "Uchi sub province" that runs between Red Lake,Ontario and Bissett Manitoba.Needed more insurance in the portfolio.Too much uncertainty and a worrisome feeling I detect in the overall sentiment of the market.
I say the US public burn the Federal Reserve members in their own fiat currency. How fitting.
Like they did with the witches in Salem.
They only burned one witch in Salem. We have too many Banksters to choose from. We can't burn just one!!
We reach the End of the Road as soon as Iran ambushes the US, just as Bible prophecy indicates. Then the US $ will collapse taking the market and the American way of life with it. Get ready for the Time of the End because it has begun and it only get worse from here, Until .... the Day of the LORD.
thats a five day cricket match!
can this post be rightfully understood
under the heading of " monetary easing" ?
is there any money or easing involved?
or is it something else with the wrong name,
or under the wrong category?
it is what keeps me up at night,
this and gravity.
If this article isn't the definitive case for the coming MASS ARRESTS, I don't know what is. All it's gonna take is 100 bus loads of political-financial criminals behind bars to free the world from debt slavery... http://tinyurl.com/cd5cyjo/
Brilliant, the masses can understand pictures!
I hope we can educate them before they loose everything.
If you are defining "everything" to mean "all their money" then you probably have a point.
Otherwise -- well "everything" potentially covers a lot of territory outside money and I wonder if we have enough of the right kind of pictures for "everything".
Betcha there's about 47% of the masses (unwashed, illiterate, undereducated, well fed, Big Screen Plasma TV types) would look at them piles of cash and say: "So where da fuck be mine?"
These people to whom you refer, the low achievers and no achievers? THis is exactly what the educational system that is limited to one book a class, same book year after year, one man's opnion, good-ole boy networking, tainted with enough corruption they've had to change the laws and less-than-compelling leadership gets you. Leaders inspire. Encourage. And share the pain when it comes.
And leaders should have nothing to hide.
You've got before you dumbed down citizens who have low expectations of themselves and the world around them. It's the broken spirit of a nation's pride. Americans have lost their confidence. They've forgotten who they are. And that is probably on the itinerary of this global elite who want nothing more than to have it all. Oh but why would they do that....so that the misery of living in rock bottom will render them a life of mind dulling drug/alcohol addiction and, more importantly, not vote.
let loose bombs from helicopters or lose everything you mean?
A picture is worth a thousand words!
The information in images is also far more rapidly processed by our brains than in text. This is why the more advanced Countries thed to rely on pictographic rather than text road signage, since the former has been shown to reduce assimilation and action times significantly (and is of particular benefit in instances where arterail routes cross many countries - typically in the EU)
NASDAQ100 gapped down today - could be a diverging indication of the start of falling markets.
http://bullandbearmash.com/chart/nasdaq-100-daily-october-08-2012/
Hope and change
Finally, the mainstream media reports that Q3 earnings will be shit.
http://www.foxbusiness.com/investing/2012/10/08/warning-earnings-could-s...
Let's how bullish the bots/algos get over this.
they need to read some tufte
That was f*cking wild ZH!
Fuck WS