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Bill Gross: "Ours Is A Country Of The SuperPAC, By The SuperPAC, And For The SuperPAC"

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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

So I pulled out my magic lamp that for some reason works only every October 22nd, and rubbed until the Genie appeared in his red and white checkered cloak with a 10-inch diameter Flavor Flav clock hanging ceremoniously around his neck. Being a rather forward, although not disrespectful Genie, he immediately said, “Mr. G, instead of the yield on the 10-year Treasury, perhaps this year you should wish to know who is going to win the Presidential election?” After some thought I replied, “Nah, I need some breaking news, Mr. Genie, something that will make a difference, something that will shock the world, like when does the iPhone 6 come out?” Obama/Romney, Romney/Obama – the most important election of our lifetime? Fact is they’re all the same – bought and paid for with the same money. Ours is a country of the SuperPAC, by the SuperPAC, and for the SuperPAC. The “people” are merely election-day pawns, pulling a Democratic or Republican lever that will deliver the same results every four years. “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. We got a more intelligent President, but we hardly got change. Healthcare dominated by corporate interests – what’s new? Financial regulation dominated by Wall Street – what’s new? Continuing pointless foreign wars – what’s new?

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(%).
“Well,” said the Genie, with a little bit less respect in his voice, “you sound a little discouraged Mr. G – a tad cranky perhaps and showing all of your 68 years.” I suppose, I agreed. But during all those years, I’ve liked Ike and despised Bush Junior, been enraptured with Kennedy and enraged by Johnson, been put to sleep by both Ford and Carter and then invigorated by Reagan. And now – well, we’ve got the best government that money can buy, but I ain’t buying it. Now get back in your lamp and come up with something meaningful I can use this time come October 2013. And don’t fake me out with a picture of a skinnier but faster iPhone 6. I’m still trying to buy the “5” with the .01% interest on my money market account.

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.

 
To confirm the point, let me introduce additional evidence for the prosecution, a chart that is periodically presented to our investment committee by PIMCO’s Saumil Parikh, who is turning out to be potentially a Pro Bowl replacement for recently retired All-Star Paul McCulley. It’s a little complicated sounding – “net national savings rate,” but it really speaks to the heart of the question. Net national savings is the amount of government, household and corporate savings that is left over after our existing investment stock is depreciated. Think of a building decaying and depreciating over 30 years so that you’d need to save each and every year to build and pay for a new one three decades down the road. If you don’t save, you can’t buy one: Net national savings.

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.

 
 
Aside from a little squiggle back close to 0% over the last year or so, there is no evidence that investment is being incented by quantitative easing. All of the money being created and freed up is elevating asset prices, but those prices are not causing corporations to invest in future production. Admittedly, the chart shows this downward spiral has been underway for decades, but financial repression and quantitative easing were supposed to be the extraordinary monetary policies that kick-started the real economy in the other direction. They have not. We have been using the lower interest rates, the $9,975 of free money, to consume as opposed to invest.
To be fair, Ben Bernanke has been operating with one arm behind his back and has been calling for cooperative stimulation from the fiscal side of this government. He has received little response – not from Democrats, not from Republicans. They have all focused on re-electing themselves as opposed to constructively plotting a way forward. That is why Election Day seems like such a futile gesture to me. Red/Blue; Republican/Democrat. What kind of choice do we have when we pull the lever? If monetary policy has shown its impotent limits, can we now trust Washington to constructively reverse a downward slide in our net national savings rate? I suspect not. I doubt if either Obama, Romney, or many of their economic advisors even know what the definition is, let alone how to reverse it.
Investment strategy
Investors should recognize that asset and currency prices ultimately rest on the ability of a real economy to grow. If growth cannot be boosted by monetary policy, and fiscal policy is in the hands of a plutocracy more concerned about immediate profits as opposed to long-term vitality, then no Genie or Flavor Flav with a magic clock can make a difference. If, therefore, real economic growth is stunted in the United States and globally, then portfolio strategies should acknowledge bite-sized future returns and the growing risk that the negative consequences of misguided monetary and fiscal policy might lead to disruptive financial markets at some future point. The approaching fiscal cliff might be the first of a series of future disruptions. Although PIMCO expects a middle ground fiscal compromise from Washington, when that is combined with the fading influence of QE monetary policies, it leads only temporarily to 2% real growth in the U.S. at best – growth that is clearly not “Old Normal.” We are in a “New Normal” world where the negative effects of private sector deleveraging are only being weakly addressed by monetary and fiscal authorities. If so, then Treasury yields should stay low and my money market fund should continue to read “.01%.” The “cult” of equity – or better yet the cult of “total return” – for both bonds and stocks – is over, if that definition presumes a resumption of historical patterns anywhere close to double digits. The era of financial repression continues.
I must explain these things to my Genie, I fear. Despite his New Age appearance, his forecasts seem to be a bit old-fashioned and out-of-date.
William H. Gross
Managing Director
 
 
 
P.S. Flavor Flav just made an extraordinary appearance on October 31st. He told me to write that no matter who is elected, you can’t keep the U.S. down for long, and that while Sandy was a monster storm, America is a gigantic positive force whether Red or Blue.
 

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Thu, 11/01/2012 - 07:16 | 2936939 damage
damage's picture

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.

Thu, 11/01/2012 - 07:32 | 2936949 Zer0head
Zer0head's picture

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

Thu, 11/01/2012 - 07:33 | 2936973 malikai
malikai's picture

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.

Thu, 11/01/2012 - 07:41 | 2936992 GetZeeGold
GetZeeGold's picture

 

 

2nd amendment?

 

Not just yet....gettin close though.

Thu, 11/01/2012 - 08:14 | 2937062 new game
new game's picture

in the crosshairs...

freedom done gone.

Thu, 11/01/2012 - 08:26 | 2937081 economics9698
economics9698's picture

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

 

Thu, 11/01/2012 - 08:39 | 2937107 GetZeeGold
GetZeeGold's picture

 

 

Screw it....Bush will probably just declare martial law and take a third term.

 

Don't tell me you didn't see it coming.

Thu, 11/01/2012 - 09:14 | 2937207 Big Slick
Big Slick's picture

"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.

 

Thu, 11/01/2012 - 10:04 | 2937345 ceilidh_trail
ceilidh_trail's picture

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.

Thu, 11/01/2012 - 10:25 | 2937399 Bananamerican
Bananamerican's picture

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

Thu, 11/01/2012 - 10:28 | 2937410 ceilidh_trail
ceilidh_trail's picture

Babyish name calling doesn't cut it. Show me data or stfu. Oh, by the way, bring me another coffee.

Thu, 11/01/2012 - 14:54 | 2938374 Cathartes Aura
Cathartes Aura's picture

Dubya is hella smart, he managed to earn the title "Vacation President" while (not) hangin' out in (his) office,

    A direct comparison places Obama squarely on middle ground of presidential vacation days used. Of the past five presidents, during their first year in office, only two, Jimmy Carter and Bill Clinton took less time off than Obama. Ronald Reagan, George HW Bush and his son all spent much more time away from the White House than the current occupant. Obama's retreat to Martha's Vinyard in August 2011 sparked a particularly high number of criticisms, however at that point in his presidency he had only taken a total of 61 days off. Compared to that same time in office Ronald Reagan had spent 112 days on vacation and George W Bush had been away for a total of 180 days. Bill Clinton, at 28 days, had the least time off of recent presidents. Reagan held the total vacation day record of 436 until the younger Bush left office with a grand total of 977 days away from Washington, representing 1/3 of his presidency. 

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*

Thu, 11/01/2012 - 16:19 | 2938735 Ident 7777 economy
Ident 7777 economy's picture

 

 

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?)

 

 

Fri, 11/02/2012 - 09:53 | 2940889 Hugh_Jorgan
Hugh_Jorgan's picture

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).

Thu, 11/01/2012 - 10:31 | 2937419 Buckaroo Banzai
Buckaroo Banzai's picture

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.

Thu, 11/01/2012 - 11:53 | 2937683 Hugh_Jorgan
Hugh_Jorgan's picture

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.

Thu, 11/01/2012 - 10:26 | 2937405 JimBowie1958
JimBowie1958's picture

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?

Thu, 11/01/2012 - 11:28 | 2937596 viahj
viahj's picture

his point, you missed.  Obama is simply Bush's third term...no change, only doubling down on failed policies.

Thu, 11/01/2012 - 13:47 | 2938127 JimBowie1958
JimBowie1958's picture

Then his point is false.

Obama is owned by Wall Street.

Bush was/is owned by Big Oil. 

Big Diff.

Thu, 11/01/2012 - 16:13 | 2938715 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

 

 

" 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?



Thu, 11/01/2012 - 18:18 | 2939105 JimBowie1958
JimBowie1958's picture

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.

Thu, 11/01/2012 - 18:24 | 2939128 akak
akak's picture

 

Big Oil tried to leave him looking good for the most part.

tried

Thu, 11/01/2012 - 08:06 | 2937043 cirrus
cirrus's picture

I would change "forsaken by God" to "who has forsaken God"....then it would be perfect.

Thu, 11/01/2012 - 09:10 | 2937194 jonan
jonan's picture

change

 

"with liberty and justice for none"

 

to

 

"sans liberty and justice for all"

Thu, 11/01/2012 - 07:25 | 2936956 MsCreant
MsCreant's picture

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.

Thu, 11/01/2012 - 09:56 | 2937325 dark pools of soros
dark pools of soros's picture

Long time caller, first time listener

Thu, 11/01/2012 - 07:36 | 2936982 JPM Hater001
JPM Hater001's picture

This is sad when I have to remind a Zerohedge reader not to judge a book by it's cover.

Thu, 11/01/2012 - 08:41 | 2937112 j0nx
j0nx's picture

its

Thu, 11/01/2012 - 12:03 | 2937712 overbet
overbet's picture

New rule: Read before posting your worthless opinions.

Thu, 11/01/2012 - 07:19 | 2936942 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 07:37 | 2936984 JPM Hater001
JPM Hater001's picture

Actually I think they are playing beer pong.

Thu, 11/01/2012 - 07:45 | 2937004 Dr Benway
Dr Benway's picture

They are playing pocket ping pong.

Thu, 11/01/2012 - 08:41 | 2937114 taxpayer102
taxpayer102's picture

 

@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.

Thu, 11/01/2012 - 11:11 | 2937548 Carl Spackler
Carl Spackler's picture

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.

Thu, 11/01/2012 - 07:38 | 2936985 GetZeeGold
GetZeeGold's picture

 

 

Keep your UN electoral observers in Euroland Gordo.....they will be shot on sight.

Thu, 11/01/2012 - 07:48 | 2937010 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 07:52 | 2937017 GetZeeGold
GetZeeGold's picture

 

 

Because you're a bunch of fuck-ups. If we have a problem....we'll take care of it ourselves.

 

Any other questions?

Thu, 11/01/2012 - 08:05 | 2937038 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 08:07 | 2937044 GetZeeGold
GetZeeGold's picture

 

 

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.

 

Thu, 11/01/2012 - 08:11 | 2937051 Ghordius
Ghordius's picture

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?

Thu, 11/01/2012 - 08:15 | 2937059 GetZeeGold
GetZeeGold's picture

 

 

Are you from Texas amigo.....no......then mind your own business.

 

No one invited you to our party.

Thu, 11/01/2012 - 08:20 | 2937072 new game
new game's picture

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

Thu, 11/01/2012 - 08:24 | 2937080 GetZeeGold
GetZeeGold's picture

 

 

A good offense is the best defense. This might sting a tad.

Thu, 11/01/2012 - 08:34 | 2937102 new game
new game's picture

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...

Thu, 11/01/2012 - 08:23 | 2937077 Ghordius
Ghordius's picture

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.

Thu, 11/01/2012 - 08:29 | 2937087 GetZeeGold
GetZeeGold's picture

 

 

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.

Thu, 11/01/2012 - 08:37 | 2937106 Roscoe
Roscoe's picture

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.

Thu, 11/01/2012 - 08:46 | 2937136 Ghordius
Ghordius's picture

"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?

Thu, 11/01/2012 - 08:54 | 2937154 GetZeeGold
GetZeeGold's picture

 

 

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?

Thu, 11/01/2012 - 09:18 | 2937220 Ghordius
Ghordius's picture

"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

Thu, 11/01/2012 - 09:31 | 2937260 GetZeeGold
GetZeeGold's picture

 

 

 

So now we need a reason to fight?

Thu, 11/01/2012 - 09:41 | 2937288 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 10:59 | 2937515 GetZeeGold
GetZeeGold's picture

 

 

LOL.....lets get the rulz straight here.

 

Thu, 11/01/2012 - 09:48 | 2937302 odatruf
odatruf's picture

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.

Thu, 11/01/2012 - 09:12 | 2937198 Oldwood
Oldwood's picture

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!

Thu, 11/01/2012 - 09:25 | 2937252 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 09:30 | 2937265 GetZeeGold
GetZeeGold's picture

 

 

 

Way to many? We're trying to cut back.

Thu, 11/01/2012 - 10:07 | 2937352 dark pools of soros
dark pools of soros's picture

Fucking die globalist swine

Thu, 11/01/2012 - 10:11 | 2937358 ceilidh_trail
ceilidh_trail's picture

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.

Thu, 11/01/2012 - 18:13 | 2939093 Fuckin Floyd
Fuckin Floyd's picture

more like a fucking joke. or insult. send them to Ohio.

Thu, 11/01/2012 - 09:50 | 2937306 BigJim
BigJim's picture

 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? 

Thu, 11/01/2012 - 15:02 | 2938403 Cathartes Aura
Cathartes Aura's picture

keyboard warriors well-seasoned. . .

Thu, 11/01/2012 - 08:51 | 2937151 Stanley Lord
Stanley Lord's picture

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.

Thu, 11/01/2012 - 09:12 | 2937197 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 09:54 | 2937312 BigJim
BigJim's picture

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.

Thu, 11/01/2012 - 10:08 | 2937354 Greenhead
Greenhead's picture

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. 

 

Thu, 11/01/2012 - 12:47 | 2937875 Ghordius
Ghordius's picture

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

Thu, 11/01/2012 - 15:11 | 2938452 Cathartes Aura
Cathartes Aura's picture

over a decade's worth of elected governors. . .

If we have a problem, we'll fix it.

Houston, we have a problem.

Thu, 11/01/2012 - 15:27 | 2938524 Ghordius
Ghordius's picture

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 ;-)

Thu, 11/01/2012 - 15:38 | 2938587 Cathartes Aura
Cathartes Aura's picture

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. . .

Thu, 11/01/2012 - 07:18 | 2936946 Translator
Translator's picture

"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.

Thu, 11/01/2012 - 07:23 | 2936954 spankthebernank
spankthebernank's picture

People with your extraordinarily low IQ aren't allowed to post here.....beat it.

Thu, 11/01/2012 - 07:28 | 2936963 GetZeeGold
GetZeeGold's picture

 

 

Let the gimp stay......should be a lot of fun.

Thu, 11/01/2012 - 07:39 | 2936987 JPM Hater001
JPM Hater001's picture

Romney has no proclivity towards color mattering.

His magic underwear told him it was bad politics.

Thu, 11/01/2012 - 07:44 | 2936999 GetZeeGold
GetZeeGold's picture

 

 

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?

Thu, 11/01/2012 - 07:44 | 2937000 malikai
malikai's picture

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.

Thu, 11/01/2012 - 07:26 | 2936958 Joke Heros
Joke Heros's picture

Cry more

Thu, 11/01/2012 - 07:32 | 2936971 MsCreant
MsCreant's picture

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. 

Thu, 11/01/2012 - 08:16 | 2937067 RECISION
RECISION's picture

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?

 

Thu, 11/01/2012 - 11:35 | 2937629 viahj
viahj's picture

it just seems that the closer we get to the suppossed "election" the more the FUCKTARDS invade intelligent blogs spouting their FUCKTARDINESS. 

Thu, 11/01/2012 - 07:42 | 2936997 jmcadg
jmcadg's picture

I quite enjoy swearing, especially when appropriate.

YOU FUCKIN' TWAT.

Thu, 11/01/2012 - 08:09 | 2937047 slackrabbit
slackrabbit's picture

Is that normal skin or foreskin?

Thu, 11/01/2012 - 07:23 | 2936953 Peter Pan
Peter Pan's picture

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.

Thu, 11/01/2012 - 07:36 | 2936981 Middle_Finger_Market
Middle_Finger_Market's picture

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. 

Thu, 11/01/2012 - 07:42 | 2936996 malikai
malikai's picture

Hopium's a hellova drug..

Thu, 11/01/2012 - 07:45 | 2937003 GetZeeGold
GetZeeGold's picture

 

 

Gonna take a koolaid cocktail laced with methadone to come down from it.

Thu, 11/01/2012 - 09:08 | 2937188 Middle_Finger_Market
Middle_Finger_Market's picture

Malikai and GetZeeGold...Laughed out loud at both above.  

Thu, 11/01/2012 - 07:41 | 2936993 JPM Hater001
JPM Hater001's picture

Bill is going to use popular archotypes like Flav O Flav.

Thu, 11/01/2012 - 07:27 | 2936959 r101958
r101958's picture

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?

 

Thu, 11/01/2012 - 07:54 | 2937021 francis_sawyer
francis_sawyer's picture

  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...

Thu, 11/01/2012 - 17:33 | 2938981 innertrader
innertrader's picture

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!

Thu, 11/01/2012 - 07:29 | 2936964 booboo
booboo's picture

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?

 

Thu, 11/01/2012 - 07:41 | 2936976 Mattress Money
Mattress Money's picture

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.

Thu, 11/01/2012 - 07:34 | 2936977 AUD
AUD's picture

invigorated by Reagan

Yeah, that now 30+ year inflation of the bond market has left Bill Gross sitting pretty.

Thu, 11/01/2012 - 07:35 | 2936979 peaceful
peaceful's picture

way to go bill...

Thu, 11/01/2012 - 07:38 | 2936986 israhole
israhole's picture

You mean TV is for retards?

Thu, 11/01/2012 - 07:42 | 2936998 JPM Hater001
JPM Hater001's picture

TV is for the secret soundwave that keeps people catatonic.

Thu, 11/01/2012 - 09:54 | 2937316 odatruf
odatruf's picture

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.

 

Thu, 11/01/2012 - 07:49 | 2937011 jmcadg
jmcadg's picture

Hey Bill, why didn't you put your weight behind Ron Paul?

Just asking!

Thu, 11/01/2012 - 08:34 | 2937100 toomanyfakecons...
toomanyfakeconservatives's picture

Ron Paul... the incredible disappearing man.

Thu, 11/01/2012 - 07:49 | 2937012 Element
Element's picture

Nice tirade Bill ... are you still getting the inside-track on FED moves?

Thu, 11/01/2012 - 14:13 | 2938225 riphowardkatz
riphowardkatz's picture

the fed tells everyone what they are doing you just have to listen. it isnt a secret.

Thu, 11/01/2012 - 07:52 | 2937016 Dr Benway
Dr Benway's picture

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.

Thu, 11/01/2012 - 07:54 | 2937022 eddiebe
eddiebe's picture

'America is a gigantic positive force..'  Really?   Flavor Flav has obviously been drinking cool aid while watching his flatscreen. What an asshole!

Thu, 11/01/2012 - 08:00 | 2937033 Vooter
Vooter's picture

Cash, PMs, don't spend, don't vote...FUCK YOU, BEN BERNANKE.

Thu, 11/01/2012 - 08:01 | 2937034 Zer0head
Zer0head's picture

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.

 

Thu, 11/01/2012 - 08:10 | 2937050 Shizzmoney
Shizzmoney's picture

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.

Thu, 11/01/2012 - 08:12 | 2937052 buzzsaw99
buzzsaw99's picture

People like Gross are the problem. Shake hands with my penis dick-wad.

Thu, 11/01/2012 - 08:20 | 2937074 solgundy
solgundy's picture

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)

Thu, 11/01/2012 - 08:27 | 2937085 Dr Benway
Thu, 11/01/2012 - 08:26 | 2937082 Dr Benway
Dr Benway's picture

dp

Thu, 11/01/2012 - 09:02 | 2937094 Widowmaker
Widowmaker's picture

"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.

Thu, 11/01/2012 - 15:27 | 2938528 Cathartes Aura
Cathartes Aura's picture

well, a new figurehead perhaps. . .

Thu, 11/01/2012 - 08:44 | 2937122 Stanley Lord
Stanley Lord's picture

BILL GROSS IF YOU ARE READING THIS:

FUCK YOU

Thu, 11/01/2012 - 08:44 | 2937128 toomanyfakecons...
toomanyfakeconservatives's picture

The South was right!

Thu, 11/01/2012 - 08:47 | 2937138 youngman
youngman's picture

I didn´t know you had to have a flat screen...I am so screwed...

Thu, 11/01/2012 - 09:18 | 2937224 Spastica Rex
Spastica Rex's picture

Awesome.

Thu, 11/01/2012 - 08:53 | 2937155 tradewithdave
tradewithdave's picture

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

Thu, 11/01/2012 - 08:56 | 2937157 tradewithdave
tradewithdave's picture

Correction... "make money for them too" (money is not gender specific, my typo)

Thu, 11/01/2012 - 09:07 | 2937184 Solid Gold Bubble
Solid Gold Bubble's picture

"Ours is a country of the AIPAC, by the AIPAC, and for the AIPAC."

 

fixed.

Thu, 11/01/2012 - 09:09 | 2937187 Antifederalist
Antifederalist's picture

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.

Thu, 11/01/2012 - 10:23 | 2937395 ceilidh_trail
ceilidh_trail's picture

+5000

Thu, 11/01/2012 - 09:18 | 2937227 Oldwood
Oldwood's picture

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.

Thu, 11/01/2012 - 09:48 | 2937301 TahoeBilly2012
TahoeBilly2012's picture

Where does this myth about Obama's intelligence being so great come from? He seems slightly above average.

Thu, 11/01/2012 - 10:43 | 2937454 elementary
elementary's picture

It comes from the cabal that put the puppet in office and is protected by the MSM. The myth will always be defended.

Thu, 11/01/2012 - 15:32 | 2938544 Cathartes Aura
Cathartes Aura's picture

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. . .

Thu, 11/01/2012 - 10:34 | 2937420 Shizzmoney
Shizzmoney's picture

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.

Thu, 11/01/2012 - 11:13 | 2937556 TrulyStupid
TrulyStupid's picture

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.

 

Thu, 11/01/2012 - 12:36 | 2937822 Clowns on Acid
Clowns on Acid's picture

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. 

Thu, 11/01/2012 - 13:23 | 2938020 TrulyStupid
TrulyStupid's picture

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.

Thu, 11/01/2012 - 10:37 | 2937433 Pseudo Anonym
Pseudo Anonym's picture

instead of

Elephants/Donkeys, Donkeys/Elephants

why not just one party, the communist party?

Thu, 11/01/2012 - 11:39 | 2937448 elementary
elementary's picture

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.

Thu, 11/01/2012 - 14:16 | 2938242 riphowardkatz
riphowardkatz's picture

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. 

Thu, 11/01/2012 - 21:31 | 2939619 SonOfGault
SonOfGault's picture

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.

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