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Boehner Speaks Again
Update: ES moves down a whopping 1 pt when Boehner says "we are broke."
Update 2: Boehner ends about 3 minutes in, nothing notable to report: the GOP is waiting for a proposal from the White House, which in turn is waiting for a proposal from the GOP. And so on.
If the past few days' silence from D.C.was supposed to indicate progress in Fiscal Cliff talks between the GOP and democrats, then will today's impromptu press conference by Boehner be spun as even more indicative of progress? This may be complicated when he admits, once more, there has been none to talk of. Luckily, Boehner has long since served his duty, with his November 16 conference when he and Pelosi single-handedly stopped the market from plunging to 2012 lows, and AAPL from getting a 4 handle. All his subsequent appearances have been quite superfluous. Watch him live below.
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agent orange has spoken....
I forsee another Christmas eve 11pm deal that saves us at the last minute ... again ..... in our future
Im looking for a black ball cap left somewhere.
It can be identified by the logo: WWIII on the front.
If found, place in any out going mail box, and it will be returned.
Unless USPS files Chap 11, then im fucked.
Thanks in advance.
The clown show continues…
Nothing so sorry as a Broke Boner.
They have to really get folks whipped into a frenzy so they use the "well we had to do SOMETHING" line at Dec 31st at 11:59pm.
Saves us or continues with the slow destruction of our nation?
Going over the cliff is better than Obama's socialist plans.
If we go over the cliff maybe we can just finnally get this crisis over and start picking up the pieces. This kicking the can down the road is not only intolerably frustrating, but the more we do it the worse it is going to be when the shit finally hits the fan. Let the cleansing process begin and let the shit hit the fan and spray all over Obama's face.
"better than"? Who told you there's an"either or".
Let me state this clearly, yet again, as many here and elsewhere have as well: This is all theater. The fiscal cliff is a non-issue. Both "different" parties will agree on something, if they haven't done so already, that manages to screw over the largest % of actually productive businesses and people in the U.S., soon.
The fiscal cliff is theater, the national debt which will cause the real crash is not. The MSM dictates the national conversation, it will do whatever it takes for people not to see the truth.
Spoken like another true Party Pussy...
Yeah, if "WE can take back the country then everything will be better"...
Tell me what "pieces" are there to be picked up? And, who is going to be in possession of said "pieces?" I'm thinking that you're going to make sure that you're in on it, just like everyone else who thinks that their "governing" model is going to save everyone else...
You must either be a ward of the state, or a European. So you get your kick-the-can down the road band-aid, an even bigger debt and Obama socialism for a few more years as the crisis continues to deapen. Then what? Then we have even a worse crash.
Pull your head out of your ass. Things are getting serious here, and America is heading for a Greek purgatory if we continue down our current path.
Call me crazy, but I have been led to the conclusion that the following do not work:
So it doesn't really matter at this freaking point what you or I think is a better governing system. You have no control over it. It doesn't matter one bit. What matters is this country is going to go bankrupt really soon and there's a police state all setup in preparation for it. That's the governing system we have now, and there's not anything you can do to stop it, not that you probably want to stop it anyhow, because you're an idiot.
I predict we will go over the cliff, but not because of Oblathering idiot or Beavis Bonehead (worthless politicians). It will be because the FedGov needs to preserve the illusion that Federal Reserve Notes have value. It's that simple.
"Should government refrain from regulation (taxation), the worthlessness of the money (credits) becomes apparent and the fraud can no longer be concealed." -- John Maynard Keynes, "Consequences of Peace."
Taxation is what the FEDGOV uses to perpetuate confidence in the value of their 'credit'. Banks charge interest on loans to give Federal Reserve Notes the perception of value. Governments go to great lengths collecting far less than they spend - because it helps sustain an aura of value. The truth is that the government does not NEED to collect taxes to pay for services as it can simply print all the bank notes it needs.
Going over the cliff will be seen as a way to help preserve the illusion at a time it is beginning to falter, even while the FedGov prints (dilutes) an extra $90,000,000,000 every month
I wouldn't be surprised it they decide to cliff dive a few times, as you state, just in an attempt to promote that this "issue" is actually a real one, with anything other than a predetermined outcome.
"The truth is that the government does not NEED to collect taxes to pay for services as it can simply print all the bank notes it needs. "
Well, the example of insanity is not lost, BUT... I think it all a matter of time/duration. While the govt "could" do this, I am certain that it could not last very long. The taxation stuff has only been an easy brake on the exponential function. And just like risk, the thought that one can spread it out and therefore make it become "less," one cannot resolve an problem of indebted by issuing more debt*.
* The fact that there's really no intent of resolving indebtedness should tell you that: 1) It is NOT a function of the system to do this; 2) TPTB control through debt; 3) Both 1. and 2..
The drug that is money is wearing off. TPTB have nothing else to hook us on. Expect "force" to start replacing "drugs" as their means of control: and just like they cannot just freely print money, ramping up force will only speed up the eventual collapse. Fate/reality won't be denied.
Am I sensing another "Déjà Screw" moment, again from our Parasit... huh.. Politicians?
It will be interesting to observe the Republican Caucus in the House come January, and their selection of leadership positions: will Boehner and Cantor, et alii, be re-elected by the somewhat more conservative composition of said body ? A serious contest for the Speakership, Majority Leader, &c. -- although perhaps unsuccessful in the end -- will serve to display just how much influence Boehner and his circle have with/over the GOP House caucus.
"will Boehner and Cantor, et alii, be re-elected by the somewhat more conservative composition of said body ?"
Dancing with Stars!
Kind of humorous to think that there are any REAL "conservatives" in national politics.
Boehner has been down that road before. He was kicked out of leadership and built his way back one vote at a time.
He has more than enough lock solid support to win a vote among the GOP, but because the Speaker is elected by the whole House, even 17 votes lost from among his party would put his position in jeopardy.
The problem is, he represents a party that straddles too much space along the spectrum.
Isn't he on Dancing with the Stars?
Who the fuck really cares other than political ideologists (folks who cannot recognize reality) and Party Pussies?
Last Holidaze we got NDAA'd. This ought to be good.
If the MSM wanted to get the truth out, they would have the Super PAC's send out a rep and tell us how this all will end, and when.
maybe someone will take the plot and make it into a lifetime movie for next year's heartwarming Christmas programming: "The Heroes of Washington D.C. Save Christmas," starring Agent Orange, bad facelift lady with pearls and the Turtle-looking turkey wattle guy.
Bon'r was spotted early in his career by the PTB. His value as a middle amerika working class stiff was valuable......not to mention certain "proclivities" that afforded complete control fo the bufoon. His rise to power was swift and unimpeded..........perfect!
I don't even think that it needs to be said (any more than with Obama).
It's a circus. We already know that they don't practice by the medical credo of "first do no harm." And from this point on it's ALL down hill.
We're pretty pathetic if we can't learn to acknowledge that POWER CORRUPTS. We use "power" to hide behind the unsavory things: stealing and killing. Governments and religion do a great job of hiding all this; unfortunately, this comes at a cost...
The dye is cast....unlike many of us want to believe there will be a "very heavy" price to pay for what we have allowed to take place in the name of "freedom".....an unimaginable hell awaits us.
Well, I'm an optimistic "doomer!" :-) Those that might refer to me as a doomer would likely jump off a tall building if they knew what I knew. The fact that I'm still standing flies in their faces. Anyway...
One has to have the right perspective on things. I tend to avoid putting too much in the "good" vs. "bad" thing because these are labels that are applied to highly variable and transient things. And, well, my favorite word is "depends."
I don't see it as being bad that we'll cease doing that which cannot continue. There's no choice. One can either attempt to go down with the ship (lots of people in this position, almost always those who think I'm the "doomer"), OR, one can face the big unknowns (which, will likely cause LOTS of pain).
"Life is full of misery, loneliness, and suffering - and it's all over much too soon." - Woody Allen
"More than any time in history mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray that we have the wisdom to choose correctly." - Woody Allen
"I am a complex enough being that I can hold in my heart the understanding that we are really, really fucked, and at the same time that life is really, really good." - Derick Jensen
See Organge Man = BUY
See Wrinkled Woman = BUY
There, I made it easy for everyone.
They will make a deal. It is QE to infinity. The money printing goes on!
http://schiffblog.blogspot.ca/
I thought at first you were talking about Angelo Mozilo.
This time its green
Glad I shorted, just follow the Good cop, Bad cop role and make alot of money. Then buy Gold with the Profits.
Golds looking good...
theres no crying in congress!!
Unfortunately, no matter who started it, Butters always gets caught and blamed for everything.
http://www.federalreserve.gov/boarddocs/SPEECHES/2002/20021121/
Remarks by Governor Ben S. Bernanke
Deflation: Making Sure "It" Doesn't Happen Here
But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost... We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
By producing inflation, the Fed FORCES higher spending - higher spending doesn't mean spending on MORE things if it takes more money to buy the SAME things.
DavidC
Force doesn't work.
More spending isn't happening. Can't push on a string.
And, the inflation is being injected into the financials' books to make them appear "legal" again.
Years ago I made the call: stagflation. And we're lucky if that's all it is: but luck doesn't really have anything to do with it- physical reality says that it's "contraction" for as far as the eye can see.
NO. I can only spend what I have. If food costs me an additional $1,000 this year, then that $1,000 must come out of some other area, such as retirement savings, or car purchases or political contributions.
Huh?
I think you missed what I was saying... which was that raw money-printing wouldn't work, and that it wouldn't work much faster than the currently governed tax-based money-printing that has been the "norm." It's the SAME path: one just would get us to the end of the line quicker.
" If food costs me an additional $1,000 this year, then that $1,000 must come out of some other area, such as retirement savings, or car purchases or political contributions."
You have an extra $1,000? Retirement savings? Car purchases? Political contributions?
Sorry, you sound just like one of Them (the "entitled"). Reality WILL dictate that you have no "extra" in the future- nature doesn't do "extra." The clue should be seen from the 4+ billion humans who live on $3/day or less.
The Fed doing it's job. The Fed has no ability to exponentially grow supply/demand long-term, that would take unlimited power. There are no helicopters coming in to save anyone by dropping dollars.
"a determined government can always generate higher spending and hence positive inflation"
Of course completely false, that is the lie they want you to believe. The same tinfoil hat people that claim you shouldn't believe the Fed, always believe the one lie the Fed does tell. If the Fed had this ability houses would be trading north of the 2007 level.
You give me a sense that there's still hope for humanity...
They've all had years to find a solution. So I'm confident they'll find one in the next 20 days. :P
There is no solution as the system is working right on schedule.
Dow rises 110+ on talk that once again an agreement is eminent due to the "silence of the scams"....then "Boner" seps out and says the same shit he's been saying since the election and "presto, chango......" Dow still up 100+....
and the phony paper price of Gold and Silver stay down and trade sideways....
uh, huh....right
An agreement would be eminent whether or not it's imminent...
DavidC
spelling was never my strong suit...
conveyance of ideas i always consdered to be much more "impotent"...
thanks anyway......
so let me get this straight. we only have 3 options:
1) massively raise taxes, that will solve everything
2) massively cut spending, that will solve everything
3) do both, that will solve everything
no other options, just those 3 things. there's nothing else that could be done.
4. jail and/or hang the criminal central bankers that engineered the destruction of the world economy, and their political lackeys... use all criminal wealth they have amassed (estimates of over $50 trillion, but who knows) to rebuild world infrastructure for productive purposes.... energy, agriculture etc.
HAHAHA. Good one!
The System demands/requires that these kinds of people exist. Purge them and it'll just be a reload.
The supposed "wealth" doesn't exist! Anything that does exist is a CLAIM on the future. You cannot PAY off the future commitments AND rebuild an unsustainable infrastructure (that's aimed at being "productive" [another word for "growth"]).
Moral of the story: Shooting the bad guys doesn't make a bad System good. And, when one is in a hole one cannot use more "hole" to fill in the hole in order to "get out of the hole."
who gives a fuck if shooting the bad guys does not make the system good - these bad guys (banksters) deserve to be shot -but only after they have been subjected to extensive waterboarding so they have the chance to repenet and save their souls before they are hung. I am a Christian -I beleive all souls should be saved -or at least reasonable efforts made to do so.
4) Bankruptcy
5) War
4) Do nothing
"no other options, just those 3 things. there's nothing else that could be done."
We need to stop asking for something to be "done." Anyway...
What more do you really want? That is, do you really want a lot of energy put into something that has failed? something that is built upon the foundations of a highly flawed premise?
The IS no "solution" because we don't even know what the question is! (or, rather, we aren't answering the right questions, in which case the "solutions" cannot be solutions!)
Everybody is scared that if we go over the cliff we will have an economic collapse. Yet, those same retards are worried about the debt and it's eventual economic collapse. You tards can't have it both ways. If you want to get rid of the debt, you have to start with reducing costs and probably increasing taxes. Going over the cliff is just a start to fixing our real problems.
Um... well... the "words" sound good, but there's no way they're going to produce the results as you'd like.
DEBT = MONEY
Eliminate debt and there's no MONEY. SO, that would mean that the very System, which REQUIRES for there to be MONEY, cannot exist (to exhibit "improvement") if debt is eliminated. NOTHING that TPTB have/are doing can be construed as reducing debt, and now you know why...
The currency will die. I don't think anyone here would argue that it can be "saved" or that it is worth "saving." In the past new rounds of economic solutions have come about only because there have been new players to add to the Ponzi scheme. We're kind of all run out of suckers now. Yes, there will be other currency blocks formed, but these will just continue along the path of contraction and localization, the anti-stuff to globalization* and "growth." The System of "growth" is what people need to understand as NOT being fixable, and any attempts to "fix" anything without understanding that "growth" is the problem, well... it's NOT a fix at all!
* My spell-checker is starting to get it- it doesn't recognize the word "globalization!" (it recognizes "Castro" and "Romney", but not "Obama", hm... just kind of bizarre... )
RON PAUL!...Hey!...Where are you?!...
:P
I wonder if Boehner pops a boner over Pelosi?
We will all be beaten with the Tax and Austerity stick come January 1st while our Big O laughs at us while sipping on a Margarita in his Bermuda Shorts from a beach in Hawaii.
Mahalo, motherfuckers!!!
"ES moves down a whopping 1 pt when Boehner says 'we are broke.' "
Apparently, it's news to some people...
Just algos trying to stir up momentum (in which to then bet against).
Isn't' Boehner just a Gingrich lite? Gingrich took in more govt pork for his district than any others (than DC, but the vipers will always ensure they're well fed), doing so while blasting govt spending: the fucker only wanted to shake more money loose from everyone else so he could pull in even MORE for his district (well, fine and good for the home-team and all, but the hypocrisy shouldn't be lost). Boehner yanks tons of subsidies for his farming buddies. And while I tend to side with farmers, I refuse to do so at the cost of promoting unsustainable systems. Consider:
The Sterling Beef Profit Tracker for the week ending Dec. 8:
Average feedyard margins: -$113.19 per head.
Average packer margins: -$74.33 per head.
Sterling Profit Quotient: -360.5.
The Sterling Beef and Pork Profit Trackers are produced by Sterling Marketing Inc. and John Nalivka, president, Vale, Ore., and are published weekly by Drovers/CattleNetwork.
Those that understand how it all works should be able to trace things back to where the money is really being made... (here's a good direction to go in: http://www.ibisworld.com/industry/default.aspx?indid=8 [note how they want you to pay to find out what the change in profits have been? I'm thinking that if they've been growing at 7% per annum over the last 5 years then they're NOT hurting]).
More "useless" feeders/"producers"...
We don't need a solution. We need a bigger problem.
If Boehner would simply force through the house a budget that cut 5% from every program, and left taxes the same, then sent every member of the house home for the holidays, I would give him a standing ovation.
Heh heh heh, you said Boehner.
When white smoke is seen coming out of Boener's ass, they have a deal. Black smoke, not so much.
Broke is the new rich?
"I mopped the floors in my Dad's bar as a kid"... cue tearjerking.
Not one MSM headline on Boehner's remarks, hence the algos don't know (not that they give a shit really).
Abnormal is the new normal.
This whole sham is a side show. Listen up my American friends, we have just had the release of the 2011 census here in blighty. And blighted we are.
Over the last ten years the immigrants that have come to our land have increased, by births, and by settling an astonishing 63%.
Yip, you read that right. Over the last ten ten years we have been either out-bred, or more immigrants have landed on this tiny rock in the north sea than at any time in this countrys history. This is in no other terms, political induced genocide. And I do not say that lightly, this is a real and present wipe-out, because in under two generations, my two children will be a minority in their own country.
This is coming your way folks, agenda 21 is in full swing, and I am absolutley shocked at the findings of last years census. Any minority ten years ago accounted for a population total in England of around 3%, and ten years later it is now at 13%. And thats just the legal folks who reported. Britain is fucked, you lot want to stop whats going on in America before you become us. And dont get me wrong, I live and let live but look these figures up if you dont believe me.
My grand father fought the second world war for what? For my land to be irrevocably changed by immigration? This is insane, this will undoubtably cause friction, and if Britain has to suffer for it, and be called a racist for your own kith and kin first. Why does the zionist state of isreal think they they dont need it?
Money is nothing. Nothing at all. The statistics released today are terrifying if you are British. Think on that folks, and look it up.
Thanks for the report friend. I wish I could tell you differently, but we here in the USSA are ALREADY well on the way to the situation you're describing in England. There are cities and towns, perhaps entire regions of certain states which already have infrastructure, road signage, curriculum, etc in spanish. Children of illegal immigrants already qualify for in-state tuition rates in many states, something even ACTUAL American citizens do not benefit from. Another major amnesty is on the way, as our 'conservative' political sector seeks to pander to the fastest growing voter block in the entire country.
Such are the ways in which empires die, and we are already in the proverbial death bed. All that remains is for the tragic death spasms to really pick up.
Immigrants are a handy excuse to cover why something is failing...
Anyone ever figure out that it's all deliberate, an extension of previous methods, to continue to find more suckers to play the game?
There are a LOT of immigrants who are extremely hard-working. Nothing like suckering them into the "better life" by using them as cheap labor and then hooking them with "higher education." Also lots of cars and shit that are needing additional suckers to buy. Oh, and there's also a lot of suckers to reel in for votes...
When you xenophobic types can demonstrate a sense of sustainability THEN I'll consider that you have any merit, otherwise you're just another climber looking to cozy up to the elites in order to get away from the "masses."
" Children of illegal immigrants already qualify for in-state tuition rates in many states, something even ACTUAL American citizens do not benefit from."
Please provide reference/link. I'd be curious to get an idea of what numbers are out there.
BTW - "ACTUAL American citizens" can be those who earned their citizenship: kind of like how thousands upon thousands of people did throughout US history. Folks suffering from xenophobia don't make the distinction, always blur the line between "legal" and "illegal," hoping to ensnare "legal" other-than-white-skinned-people into their stream of propaganda.
You needed the Census to tell you that ?
Where the hell to you live ? Out in the sticks somewhere ?
Bradford Luton etc have been like it for 30+ years.
Before that it was the West Indians in Brixton,Balham etc
I'm amazed its only 13 %.
Still, the ghettos there are far more upscale that the US's..
Yeah -and the incredibly stupid GOP has been totaly suckered into supporting (if not worshipping) the forces that are behind their extinction - the banksters and zionists like AIPAC. Maybe white people and christians really are stupid. Maybe we deserve to be a minority.
"we are broke."
Dow Jones up 108 points.
http://bullandbearmash.com/chart/dow-jones-hourly-consolidates-push/
This should be the last push up.
People have come to understand "we are broke" to mean/to be synonymous with "free money!" Worked wonders for the TBTF banks, should be good enough for the rest of us, no? <yes, it's fucking sarcasm!>
Isn't it about time for the cry baby to be replaced? What a fucking waste of space this guy is.
When the GOP keeps idiots like this in leadership roles they deserve to get their asses handed to them in elections.
Fubar
The crybaby you know....
I have no problem with these folks running around crying. As a matter of fact, I think that we could help them all out in this endeavor by shutting down govt (for good)!