This page has been archived and commenting is disabled.
Bill Gross: "Ours Is A Country Of The SuperPAC, By The SuperPAC, And For The SuperPAC"
Curious why we dedicate precious virtual real estate to periodically bring to you the "billionaires behind the best presidents money can buy"? Bill Gross explains why?
Time To Vote, from PIMCO's Bill Gross
I’ll tell you what isn’t new. Our two-party system continues to play ping pong with the American people, and the electorate is that white little ball going back and forth over the net. This side’s better – no, that one looks best. Elephants/Donkeys, Donkeys/Elephants. Perhaps the most farcical aspect of it all is that the choice between the two seems to occupy most of our time. Instead of digging in and digging out of this mess on a community level, we sit in front of our flat screens and watch endless debates about red and blue state theologies or listen to demagogues like Rush Limbaugh or his ex-cable counterpart Keith Olbermann. To express my discontent, Genie, along with my continuing patriotism, I’ve created a modern-day version of our Pledge of Allegiance. Place your hand over your clock and recite after me:
I pledge allegiance to the flag of
the fragmented state of America,
and to the plutocracy for which now it stands,
a red and blue nation,
under financial gods
indistinguishable,
with liberty and justice for the 1(%).
Perhaps I should have asked Flavor Flav something more important. iPhones and next year’s 10-year Treasury yield aside, the biggest bet being wagered in financial markets these days is the bet on “financial repression,” “quantitative easing,” and the ultimate effect of both on the real economy. Of course even a genie couldn’t come up with a simple answer to that complex question. Sounds like something to be asked of a shrink from a couch, as opposed to a genie in a bottle. Whatever. But let me try and answer the repression and QE question with a little anecdote that I tell visiting clients.
About four years ago I opened up our family brokerage statement and searched with some effort to find the yield on our money market account. Interest rates, as I knew from my desk in Newport Beach, were plunging and I wondered just how much of a penalty we were being charged for the privilege of holding cash. My eyes finally fixed on the appropriate disclosure – hidden though it was – and it said “.01%.” Impossible! I thought. There must be a mistake here. Surely the decimal point was misplaced. Wasn’t “.01%” really 1% or even .1%, but definitely not “.01%.” That was close to nothing! Having counted cards at the blackjack table in my youth, I quickly calculated that over the next 12 months, our $10,000 balance would earn exactly $1.00. “Buy yourself a pair of shoes,” I said to Sue standing near my shoulder, “a pair of sandals at the weekend garage sale.” The remark was not well received. It seemed Sue was as sensitive about shoes as I was about interest rates. Note to self: Do not mention shoes with Sue except in the phrase “what a cute pair of shoes.”
Financial repression
Anyway, I quickly drifted back to my childhood days when I had a passbook at the local bank. Deposit rates were usually 4% or so back then, so I wondered how much money I would have needed then to produce the same $1.00 of interest I was receiving now. Twenty-five bucks! Whoa, $25 vs. $10,000! Seems like it was much better to be a saver back in 1958 and much better to be a spender in 2012. I could now take the $9,975 difference, spend it, and still have the same $1.00 of interest that I had back then! And that, Mr. Genie, with the Flavor Flav clock, is what is known as “financial repression.” By lowering interest rates to near zero through Fed Funds policy and quantitative easing, Ben Bernanke and his fellow central bankers are trying to force all of us to spend money.
Admittedly, the Fed’s theoretical foundation takes a different route to the same destination than does mine. Chairman Bernanke would say that by lowering yields, investors would logically sell their bonds to the Fed (QE I, II and III) and invest in something riskier and higher returning (high yield bonds, stocks and real estate). My $10,000 then, would do what capital has always done – gravitate to the highest reward/risk ratio available and in the process, stimulate investment and create jobs. The theoretical $9,975 that I might have chosen to “spend” in my first example would in the Chairman’s construct be eventually spent as well but in this case via investment and job creation, which in turn would lead to a virtuous cycle resembling the “old” as opposed to the “new” normal.
The difference between these two hypothetical models is critical. Is the money that is being made “available” through zero-based interest rates and quantitative easing being “spent” – or is it being “invested?” If it’s being spent, then at some point the game will come to an end – my $9,975 will have provided me and the economy some breathing room and some time to kick the future “big R” or “little d” down the road; but it will end. If it is being invested and invested productively, then we might eventually see the Old Normal on the horizon, reduce unemployment to less than 6% and return prosperity to the middle class.
Well, as President Obama might tell Governor Romney – “just do the math.” Or as Chris Berman might say on ESPN – “let’s go to the tape.” In the past three years of quantitative easing and financial repression, can we see a noticeable effect on investment as opposed to consumption? Is the Bernanke model working or is the $9,975 being spent on consumption? At first blush, an observer might vote for the Bernanke model. After all, the stock market has doubled in three-plus years, risk spreads are at historical lows, and housing prices are moving up – 10% higher in Southern California alone. Yet the real economy itself seems no different – still in New Normal gear. Surely by now, if the Bernanke model was as advertised, we would be seeing a pickup in investment as a percentage of GDP and a willingness to start saving “seed corn” as opposed to eating “caramel corn.” As Chart 1 points out – we are not. At the same time, we continue to consume at an “Old Normal” pace as shown in Chart 1 as well.
Well, Chart 2 confirms the evidence. Over the past three years, our net national savings rate has been negative, and lower than it has ever been in modern history. The last time this occurred was in the Great Depression.
Managing Director
- 25110 reads
- Printer-friendly version
- Send to friend
- advertisements -



I personally don't think SuperPACs are even the issue... so I'm already thinking this post is going to be dumb before even reading it, but maybe I'll be pleasantly surprised otherwise.
SuperPAC is nothing compared to the MSM (of which Mr. Gross is a part)
to wit, the closing comments above, which is part of the meme that this storm was twice as bad as Katrina as Tom Keene has postulated this morning
PS ask Billy boy when he got religion as he was a big supporter of Barack last time around
http://www.scribd.com/doc/24899789/PIMCO-Donations
not to mention the billions taken from the taxpayer and transferred to Pimpco by way of the Fannie and Freddie bailout, and it keeps going on now with MBS
I hear that Disney is looking for a new Palpatine, give Bob a call Billy you're made for the role
I pledge allegience to the flag of the United Corporations of Umerica.
And to the republic, for which it once stood.
One nation, forsaken by god, with liberty and justice for none.
2nd amendment?
Not just yet....gettin close though.
in the crosshairs...
freedom done gone.
Yea I do see a pattern.
Mitt Romney (R)
1 Goldman Sachs$994,139
2 Bank of America$921,839
3 Morgan Stanley$827,255
4 JPMorgan Chase & Co$792,147
5 Credit Suisse Group$618,941
Screw it....Bush will probably just declare martial law and take a third term.
Don't tell me you didn't see it coming.
"We got a more intelligent President, but we hardly got change."
Middle-age optimism replaced by old-age lunacy. I stopped reading right there. No need to waste my time.
Jimmy kimmel,david letterhead, oprah, whoopie.billy G- intellectuals all. "We got a more intelligent president". Really? How does this anal fistula know this? Did mr O release his college transcripts finally? Bush did. Higher GPA than kerry the ketchup man, gore the fraud, etc. The MSM spouts how smart this clown is just because he can read a teleprompter. The fact that he can't speak sans one? BFD. Gross the pimpco man is just one more K street ho. Anyone see kimmel in the black barbershop last night? When asked, every single one of 'em voting for the Bamster- no racist element there at all- nah, move on... God save us from ourselves.
Obama is unequivocably, undeniably, more intelligent than Bush....Hands down.
(only a FOXTARD would say otherwise)
O is as feckless, corrupt and complicit as W though....and as immoral, when push comes to shove....
If Gross wrore this piece he was reading/transcribing my mind
Babyish name calling doesn't cut it. Show me data or stfu. Oh, by the way, bring me another coffee.
Dubya is hella smart, he managed to earn the title "Vacation President" while (not) hangin' out in (his) office,
http://open.salon.com/blog/mpbulletin/2012/04/13/jetting_around_obamas_v...
http://www.sodahead.com/united-states/george-w-bush-is-the-vacation-pres...
repub team rules in va-cay-days, go team!! *waves bye*
Downrated.
Reason: Incomplete back-story presented re: time away from Washington.
(Citing a salon.com blog post doesn't help ... you think salon et al are a balanced source of info and opinion?)
Seems smarter maybe. But Obama doesn't solve the problems any better than Bush. Liberals know how to do two things well; stir up trouble with the ignorant and run a political campaign/social deception (they are the same thing). Libs cannot solve real-world problems in sustainable ways, because they tend to focus on the surface appearances and minutiae of things and rarely willing to look beyond step 1 of a policy idea. Obama is the poster child for the sucking vortex of debt and the empty promises of a Liberal Progressive policies.
It just so happens that Bush is a RINO (Progressive Globalist Republican), so he sold us out and spent money at a slower rate than Obama but was generally pointing us in the same destructive direction that every President is forced into (if they want to keep on living).
Agreed. Obama might seem smarter than Bush, but he's so loaded up on weed and coke that it doesn't matter anyway. At least Bush had the common courtesy to quit using drugs before he took office.
Indeed. More intelligent? How about more educated by radical globalist ex-hippes, maybe. Liberals are great at making noise and stirring up trouble, but they are wildly incompetent when trying to solve problems.
Guess Bushes ranch in Texas will be the new White House then?
Or do you forget that President Obama will probably not allow Bush to declare martial law?
his point, you missed. Obama is simply Bush's third term...no change, only doubling down on failed policies.
Then his point is false.
Obama is owned by Wall Street.
Bush was/is owned by Big Oil.
Big Diff.
" Bush was/is owned by Big Oil. "
No, Bucky, ya got it wrong ... that should be Big Baseball.
Where do you clowns get this 'Big Oil' shit anyway?
Lol, thats funny.
Everyone back in Texas knew who owned W. It's only people outside Texas that seemed to think he was anything else.
And what happened to oil prices? Went up alot then back down almost as far just before the 2008 elections.
Big Oil tried to leave him looking good for the most part.
tried
I would change "forsaken by God" to "who has forsaken God"....then it would be perfect.
change
"with liberty and justice for none"
to
"sans liberty and justice for all"
I did not read your comment, but wrote something saying it would be dumb any way. I like spending time posting so I can look like an ass.
Long time caller, first time listener
This is sad when I have to remind a Zerohedge reader not to judge a book by it's cover.
its
New rule: Read before posting your worthless opinions.
Oha! Wasn't expecting this. "I’ll tell you what isn’t new. Our two-party system continues to play ping pong with the American people...." What's that? I thought that if there was any consensus in the US then that the first-past-the-post electoral system is the best? Heretic
Actually I think they are playing beer pong.
They are playing pocket ping pong.
@JPM Hater001
Bill G. is saying that America's top 5-10% accustomed to making money in the USA have become victims of the 1%. He forsees his own demise at the hands of international bankers who stole trillions from the U.S. Treasury. He knows he's going down with America's middle class.
Bill Gross is the 1% but trying to sound like some everyday guy.
Heck, Gross has a stamp collection worth 5 million dollars...yes, a stamp collection!
He's whining because he sees his Democrats losing the White House next week.
Pulling out the old straw man argument (i.e., it's the Super Pacs fault) is his way to whine, when he sees he is not going to get his utopian way.
He should be focusing on why Obama failed to do anything he said he would do.
Keep your UN electoral observers in Euroland Gordo.....they will be shot on sight.
LOL - do you care to explain with your own words why UN electoral observers are being banned in a number of US States? I'd be thrilled
Because you're a bunch of fuck-ups. If we have a problem....we'll take care of it ourselves.
Any other questions?
yes? what's the prob? seriously. here is the list of the partecipants of the "limited observation" planned:
http://www.scribd.com/doc/110874123/United-Nations-Election-Observer-Dep...
The incredible number of 44 observers, i.e. 22 pairs. For Texas, Ms Conny Jensen from Denmark and Ms Melanie Leathers from the UK. Scary gals, those two, the equivalent of two SS-Panzer Divisions.
Meanwhile I find breathless reports about how citizens are scared by UN Troops in full combat rig with rifles and tasers, all bent to make millions of peaceful American voters vote the "internationalist" way.
And the Texas is saying that they will be arrested on sight while StateSec is saying this is against federal law and international treaties.
so again, where is the problem? seriously, for once
Don't need your help Gordo.....if someone decides to kill millions of people in your backyard again give us a call.
We might help.....if we feel like it.
so those two ladies, one Danish, one British, sent to have a cursory look at the voting going on in 8'500 polling places in Texas are a problem?
Are you from Texas amigo.....no......then mind your own business.
No one invited you to our party.
chime in time; glad to see someone is following the un mandate to control small arms worldwide and superseed our constitution. nice work hillary for your hard treasonis work for the gorg soros and pals nwo. can't use enuf f'g adj f's to state how f'd up this is.
helplessness is not a plausable defense
A good offense is the best defense. This might sting a tad.
not at all as open minded, out the back door to the safety of home turf-d and ready to observe and think clearly as i am robbed but safe and sound. but then the fun begins with no bodily harm but terror unlimited :D; just some skills vested...
lol - Mr. Ron Paul, a Texan Congressman, btw, would probably just remind you that Texas is noted for it's relaxed hospitality and gentleman ways. he would further probably remind you that you should not treathen two unarmed ladies and that the US has 900 military bases in 130 countries around the world.
I'm not from Texas if but you send a couple of UN ladies packing bad attitudes.....we'll smokem here.
A very big pond seperates us.......take care of your own crap over there.
Mr. Ron Paul might more likely tell you that it is not going to end well for anyone who 'messes with Texas', and further, that it would behoove anyone who has intentions of interferring with our hard-fought and hard-won republic's sovereign operations, would do well to remember the Alamo. Your intellectual grasp of American culture is far more flacco than gordo.
"interfering with..."? WTF are you talking about? one team of 2 unarmed civilian women for 8'500 polling stations and millions of Texan voters? do you have any sense of proportion? or do you claim this is this part of American culture?
If they're American citizens they can stay. Otherwise they have to go....or they might get shot.
Butt the hell out amigo. Who elected you Pope sport?
"Who elected you Pope" - you did. I was about Bill Gross's comment on electoral systems and you replied to me asking to call back UN observers or "they will get shot"...
I was not ever aware of the spat
So now we need a reason to fight?
a knife at a gun fight? you called the fight and then showed up with a kiddies plastic butter knife. oh, well, at least we probably agree on stacking
over and out
LOL.....lets get the rulz straight here.
Ghord - some people see black helicopters anytime the UN is mentioned. That these observer things are more like electoral tourism for the bored bourgeoisies than anything else is lost on them.
Then why are they here? I fthey want to watch and learn is one thing, but if they are here to add noise and distraction, get the hell out! Until the UN can demonstrate they have ANYTHING right, then they should STFU. The represent only one thing and that is NWO and a single centralized government, over the people to suppress the people, for their own good of course!
LOL - are you aware of how many Americans partecipated to UN missions like this one, abroad? they are totally commonplace, everywhere. it's all a newsies thing around a few State officials having a spat with Washington...
if this would help the movement for the repeal of the 17th Amendment then ok, but it's all about using ignorance against the voters
Way to many? We're trying to cut back.
Fucking die globalist swine
Yup. None of their business. Come here as a tourist. Otherwise, stay home. Call us again when you need us to save you from yourselves. This is AMERICA. Not euroland. We value europe for its cuisine, nothing else.
more like a fucking joke. or insult. send them to Ohio.
Because you're a bunch of fuck-ups. If we have a problem....we'll take care of it ourselves.
Any other questions?
I've got a question... when do we start?
keyboard warriors well-seasoned. . .
Because they can scream voter fraud voter fraud to delegitimzie the winner, Fascist liberals are always trying to write the future narrative, you dumb fuck.
now this is the first intelligeble answer I got. so your assumption is that those 44 are "fascist liberals"? or that voter fraud is impossible? just trying to understand, with a vague feeling that it's all just last-days-before-elections scare-the-stupid-undecided-voter-propaganda
You just don't understand. Americans can criticise America... but if anyone else does, it's 'interfering'. And wrong. And probably liberal.
What surprises me is that no one mentions the whole Bush/Gore voting debacle. If that's not evidence that the US 'democracy' needs all the help it can get, I don't know what is.
Look, it isn't complicated. First, in Texas, not sure about other states, you can't be within 100 feet of the polling machines if you are not actually voting or one of the poll workers. The UN has no standing as a poll worker. Second, we have our own Constitution, State laws and local laws, why do we care about international opinion? If we have a problem, we'll fix it.
meanwhile I was reading left and right of this issue and I think you and BigJim nailed it. of course Texas and all the other US States have this laws about poll workers and observers. And those observers have to be sent either by a candidate or allowed by a judge. In some of the States they have to be Citizens - though I understand a judge could nevertheless allow observer status.
btw, those missions in the US are going on since 2002, but this time some State officials wanted a spat with StateSec and they got it. funny press and all
in case someone is interested in my opinion: I don't care for the language and the lies used in all this, but I am cheering for the US States and Their Rights, even when they are fought in such a goofy way
over a decade's worth of elected governors. . .
Houston, we have a problem.
I'd come over to help but I fear my night-camo-black EuroCopter with the UN StormTrooper Logos (BabyBlue with three white Skulls & Roses) staffed by my faithful Swedish Liberal NynphoNinjas would incite the locals to shoot at me ;-)
it's all beyond "help" and has been for-ever, as some are just beginning to notice, but your described visuals made for a smile, which is worth its weight in gold these days. . .
"they are both the same"
Dear Stupid Liar Tyler Durden,
Please show me one example where Romney proposes giving something to someone based on the color of their skin.
You are one lying piece of shit, or just extremely ignorant.
The same my ass.
People with your extraordinarily low IQ aren't allowed to post here.....beat it.
Let the gimp stay......should be a lot of fun.
Romney has no proclivity towards color mattering.
His magic underwear told him it was bad politics.
The marxists are batting zero.....time the give the magic underwear a shot.
So.......what does the magic underwear actually do? Can it drill for oil?
Guys like him know there is no color, nation, or religion other than power and money.
There are no whites, blacks, asians, or hispanics. Only rich and poor.
Cry more
Fucktard, over here.
Look for something called the author. The author is the person who wrote it. That is different from who posted it. That should get you started.
What's up MsC?
You seem upset.
Time of the month?
Reaction to the last of our illusions shattering?
Realisation we are doomed?
Just generally feeling pissy?
What happened to your Joie de vivre?
it just seems that the closer we get to the suppossed "election" the more the FUCKTARDS invade intelligent blogs spouting their FUCKTARDINESS.
I quite enjoy swearing, especially when appropriate.
YOU FUCKIN' TWAT.
Is that normal skin or foreskin?
So Bill, tell us, how do you propose to wake up the other 300 million? What you have written has already been said. But I will grant that you have said it well.
The sad thing is 280million of the 300million are so hopelessly inert and dependent on the system they will fight you to keep it in place, just the way it is.
Hopium's a hellova drug..
Gonna take a koolaid cocktail laced with methadone to come down from it.
Malikai and GetZeeGold...Laughed out loud at both above.
Bill is going to use popular archotypes like Flav O Flav.
Thanks Bill, for expounding on what I have been trying to say for quite a few years now and what I posted here a couple of years ago:
by r101958
on Mon, 04/04/2011 - 11:24
#1132500
I said it once (last year before the elections) and I'll say it again now:
"Current politics is best represented by a two headed dragon. Politicians pay lip service to opposing ideologies but both the Republican and Democratic parties are part of the same big government dragon body. The body is moving in one direction; bigger and more powerful government. More control over the electorate. Having the two parties serves a greater purpose though....it divides the populace (sheeple?) into two camps that are always at each others' throat. I think this tactic is called divide and conquer. Until we wake up and get away from the 'Repubs this....' or 'Dems that....' blame game then we will be slowly boiled...just like the frog in the frying pan...all while the dragon stands by watching and laughing."
And .....the sheep continue bleeting.
Also:
by r101958
on Sat, 04/16/2011 - 14:38
#1176208
The two political parties are really one party....and only really end up distracting us from the truth and getting us to argue with each other. As well, there is so much selling of recovery koolaid going on out there that it is really hard to fathom how people who don't do their own studying can possibly understand what is going on. Worse yet is the fact that the folks in the gov't are so wrapped up in their own worlds where perception means everything and substance counts for squat that they don't realize that we are in a situation that can not be corrected by perception. I have a question for them; how many of them have ever run out and bought a car with a pocket full of perceptions?
we sit in front of our flat screens and watch endless debates about red and blue state theologies or listen to demagogues like Rush Limbaugh or his ex-cable counterpart Keith Olbermann.
~~~
Well I suppose you do Bill... I don't... That is probably why I hardly listen to you anymore either...
Whether we like it or not, it's the TRUTH, the two headed dragon is exactly what's taking this country down!
I still wear a RON PAUL shirt from time to time.... and I wore one for 4 months straight, every day! However, those days are over!
Front running a .01% rate for Billy boy is alot like winning the rat race, even if you win, you're still just a rat. Right Bill? Inside information just ain't what it used to be is it?
I am from thr ghettos of New York, and I can clearly see these candiates are the same, Keep status quo, where rich get richer and poor get poor. Simple I rather waste my time voting.
Yeah, that now 30+ year inflation of the bond market has left Bill Gross sitting pretty.
way to go bill...
You mean TV is for retards?
TV is for the secret soundwave that keeps people catatonic.
It's not even that high tech. It simply occupies them for enough of their free hours each day so that they don't ever sit down and think or really wonder about the world around them. And it excites meaningless conflict - sports team from my area vs team from your area, Survivor A or Survivor B, Dancer / Singer X or Dancer / Singer Y - to divert attention from the more actual and important conflicts around us.
Hey Bill, why didn't you put your weight behind Ron Paul?
Just asking!
Ron Paul... the incredible disappearing man.
Nice tirade Bill ... are you still getting the inside-track on FED moves?
the fed tells everyone what they are doing you just have to listen. it isnt a secret.
My problem with the article is that Bill Gross assumes that it would be a good thing if the $9,975 in his example was forced into 'investment' rather than spent. Does he not realize forcefeeding money in this way just feeds malinvestment at best? Supporting ponzis since the GFC has allowed reform to be avoided.
Texas Brine akin to NYSE?
http://enenews.com/floor-rising-salt-cavern-below-giant-sinkhole-50-feet-late-september
http://voices.washingtonpost.com/capitalweathergang/noaa_letter_dhs_hurricane_modification.pdf
'America is a gigantic positive force..' Really? Flavor Flav has obviously been drinking cool aid while watching his flatscreen. What an asshole!
Cash, PMs, don't spend, don't vote...FUCK YOU, BEN BERNANKE.
so lets say you're a card carrying dem and the guy you contributed vast amounts of money to last time around is in jeopardy of not getting re-elected, what can you do to help besides coughing up more dough
Maybe what you could do is pen an essay that will appeal to those that lean Libertarian and towards the right to reinforce their view that the system has been co-opted just in case some of them may be tempted to vote aginst your guy.
Let's review Bill's record, let's not but suffice to say countless billions have been siphoned off the taxpayer to the benefit of Pimpco and it continues with the current actions of the Fed.
Bill you and your slick friend El Erian are two of the smoothest and most deadly snakes in the garden.
The Super PACs more influence the Congress and State Houses as supposed to the White House (which can't impact anything, anyways).
And why should Bill Gross give a fuck? He's rich as all hell and can leave when he wants to. It's the suckers like us who are stuck here to deal with this shit.
People like Gross are the problem. Shake hands with my penis dick-wad.
The shinning city on the hill has long been a public housing dump site....the Progressive's (Marxist) have worked dutifully for 100 yrs to bring us their utopian dream of massive poverty and a brain dead population ,the GDP (generally dumb people)
The shinning?
http://www.youtube.com/watch?v=5yGJGTjV2WE
dp
"Change you can believe in?” I bought that one hook, line and sinker in 2008 during the last vestige of my disappearing middle age optimism."
It appears hope and change is nothing short of rot and decay that SO MANY believed in.
Widowmaker has heard surprisingly many closet-comments exactly like yours as of recent, some from staunch Republicans that never in a million years were have thought to have voted O (Bush really did break the Republican-trust). Frequency of the comments as of recent lead one to suggest that Republicans have movement in a week, if at least for a rat's sake.
The author's comment has validated that there will be a new administration in January.
well, a new figurehead perhaps. . .
BILL GROSS IF YOU ARE READING THIS:
FUCK YOU
The South was right!
I didn´t know you had to have a flat screen...I am so screwed...
Awesome.
Indeed "Investors should recognize" the state of affairs, however they will not recognize the same regardless of Mr. Gross' declaration of dependence. Instead of gaming the growth feedback loop as he has done so successfully to be able to tear down perfectly good residential mansions, there's a new normal flav in town, namely the negative feedback loop.
It's just as easy to make money on decline as growth, maybe easier, but it's not the kind of thing you want to write letters about and publish them for public consumption. When the Total Return uncovered in a ZIRP environment is zip, or worse -negative, all the woe is me letters in the world or oversized clock jewelry designed to distract viewers that the pension timebomb is ticking won't stop retired school teachers and firemen from ending up as Wal-Mart greeters to make ends meet.
Bill didn't single-handedly destroy the future buying power of dollar-denominated investments, he just made the mistake of mismanaging the expectations of his customers as he accepted (and continues to accept) their investment dollars each month in hope that if Bill made money for himself and Allianz that he will make male money for them too. Unfortunately for Bill, he can't even game the political process in search of a 1/4 point in additional return. Frustrating I know.
When you live by the sword of other people's money, you can only hope that they will be understanding and not turn them back on you. It was a good gig while it lasted. All that remains is that lingering taste in your mouth, that flavor that something's not right and the hope that joking about Grandma's retirement while invoking Flav will at least get a good return on the laugh-o-meter at Granny's expense.
Dave Harrison
www.tradewithdave.com
Correction... "make money for them too" (money is not gender specific, my typo)
"Ours is a country of the AIPAC, by the AIPAC, and for the AIPAC."
fixed.
Sorry Bill. We ain't buying it.
As you age and get reflective we know that you are trying to burnish your image. Also, you want to share your brilliant analysis with us. Your ego knows no bounds. We get it.
But really Bill, it is just not credible. You gamed this system for years.
The record is what it is.
We are not going to forget and you cannot rewrite the facts.
You are going to die, just like the rest of us. The fact that you have $ 1 billion will not save you. You sold out a long time ago and worshipped money and power. You can't undo the deal. Live with it.
We have made different choices and you should just STFU.
You are embarrassing yourself.
+5000
I am concerned about people making investments in productive assets, but for all of you gamblers...I could give a shit. You would steal your granny's silver to place a bet. If any one of you could manipulate a market to turn a profit, you would do it in a moment, without a single doubt. You just hate it that most of you can't and hate those that can. Get a job.
Where does this myth about Obama's intelligence being so great come from? He seems slightly above average.
It comes from the cabal that put the puppet in office and is protected by the MSM. The myth will always be defended.
when training minds in duality systems, it helps to promote the opposite meme to get results.
example: Bush bumbled wordage, Obama teleprompts whole sentences.
there's also the "black vs white" thing going, just in case folks have the sound turned down on the Big Flat Screens. . .
I read a lot of criticism here but no solutions. The basic problem with the government arose in the birth of the nation. In the struggle to form a union of 13 states the rights of women and slaves were not considered. The Constitution itself is modeled after the Haudenoshaunee Law of Peace not any sort of democracy of Greece or Rome. It is here In America that the colonists from Europe found people living in relative peace and enjoying the fruits of Democracy. Women of the Iroquois Nation appointed chiefs to do their bidding. If they failed in their work they were removed and never again able to be chiefs again.
After the Revolution, the States legislated laws regarding Corporations requiring them to have charter accountable with the People. Corrupt politicians and lawyers made laws to circumvent the rule of the People. Now the USA is a government of the Corporation, even the Supreme Court upholds that Corporations have all the rights of citizens and more so.
This is a complete collapse of the rule of the People, a reverse of the Revolution of 1776. There is no viable community government, small businesses and workers are over taxed and Multinational Corporations are taxed little plus the taxpayers bail them out if they go bankrupt. Wars are fought by the working people to fight the competition abroad from those who dare to oppose the Multinational Corporations and the IMF etc.
It is not a conspiracy but business as usual for the past 150 years. With little revenue coming in from Corporations and resources rapidly dwindling, the economy has no chance to recover.
Corrupt politicians are only concerned with what power and money they can get now. Some cry about the need to deregulate the government, a smokescreen to let the Corporations have even more power. Some cite CO2 as a cause of climate disturbance, smokescreen to have more energy in the hands of a few and tax the citizens. Some cry to tax the Rich with no plan to remove the Corporations from their privileged status as First Citizens.
If a People are too lazy or ignorant to make a change in government then they will be ruled by those who have the will and power to do so. Corporations are organizations of people with a purpose, they will wage wars to defend their interests. But if this trend continues whereby the Corporations operate without a charter by the People, a WAR will develop that will destroy any future for Corporations to profit by any means.
Corporations are the best organizations to operate trade within and without nations. But Corporations out of control can ruin ecosystems and nations. That is why We the People, need a government. We should not allow any Corporations to operate or trade in the USA without a charter from the People, taxed without exemptions, and audited annually.
Any such person who does not honor and respect the Constitution is an enemy of the USA. Period.
There is a long list of citizens that have thrown the Constitution under the bus, including 93 of 100 sitting Senators who allowed the state to spy and convict without judicial process. Christian "leaders" are at odds with the constitution continually and their sheep follow baaaing about pesonhood amedments and other such claptrap.
The Constitution was written by liberals and describes a liberal constitutional republic with the emphasis on individual liberties and limited role of Federal govt. The term "liberal" is widely misunderstood and misrepresented today by those who wish to subvert it.
The largest problem however is not the W Bushes of the world who believe that the constituion is just a "piece of paper", but that a clear majority of Americans do not understand the basis of law and go along with its subversion... now Presidents engage in wars without congressional authority of raising taxes to fund them, domestic spying and invasive personal searches are commonplace, the moral relativism of religiousity and self-interest have replaced the rule of law and constituional supremacy.
Truly,
I agree with your statement of "liberal" however bringing Bush into it totally subverts your argument. The issue is , and has been since 1960's, is the "rights" of certain groups. These "rights" have been used as a lynchpin to subvert the Constitution, most notably with Fed Gov't spending and laws trampling States rights.
It is really very simple, the leftists opened the spending spigots using "rights" as their lynchpin. The other side of the isle have to be (re) - elected so they are required to gain Fed dollars for their districts, and being politicians do so.
Once the Fed spending spigot got opened based on "rights", not as defined by the Constitution, but written by lawyers of special interest groups, both sides of the isle are requoired to look for their share of mthe available Fed (printing fiat) dollars. All the rest is BS.
It appears that the only way to stop it is with a socio-economic crisis. If Obama is re-elected the aforementioned crisis is at most 2 years away. If Romney gets elected it gets pushed out to a maximum of 3 years.
The leftist programs at least chanelled money domestically to the bottom of the economic pile. If properly funded, like Social Security, economic good came off it. The "right" (by your reckoning) directly subsidized private corporate interests, much off it malinvested in foreign wars and acruing ongoing liabilites like military hardware and Mcmansions. There is no political group that does not bear some responsibility for the wealth destruction economy which we find ourselves in. The mother of all rip-offs still is the bankster bailout where private losses were covered by public funds... still no meaningful prosecutions of the guilty.. because the guilty makes the rules.
instead of
why not just one party, the communist party?
Seriously, Bill? The same Bill Gross who gets a look at the Fed's playbook a week in advance so he can safely place his bets?
Hope and Change? Obama has been and always will be just a fuck, a one night fuck, without substance or intelligence. Anyone with one scintilla of gray matter should have seen who he was before the 2008 election. His own words indict and reveal the true nature of his being, if anyone is willing to actually hear the truth. American voters are ill-informed and naive, lacking any ability to think for themselves. Baaaaaaaaa.
if you didnt know the fed was going to buy MBS then you are an idiot. they tell everyone what they are going to do. buy garbage, look for where there is a lot of garbage and they will be buying it. he doesnt need an inside track .
he is spot on that Mitt will be no different from Obama. get it through your thick skull that its the people not the politicians. its the philosophy of the majority in the US that is causing this.
the super pac call is spot on. Ayn Rand descrived the outcome of altruism can only be to "get in your group and fight" that is why Superpacs are running this country.
Mr. Bill Gross: you are what your name implies: Gross. Obama is the most deceitful politician in American history. Obama is unqualified, deceitful, subversive and arrogant. We have a media that is not submissive but part of the con. We are in danger of becoming like the third-Reich.