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Guest Post: The U.S. Economy Is Now Dangerously Detached From Reality

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Submitted by Brandon Smith from Alt-Market

The U.S. Economy Is Now Dangerously Detached From Reality

Recently I was asked to give a presentation on the current state of the global economy to a local group of concerned citizens here in Northwest Montana.  I was happy to oblige but when composing my bullet points I realized that, in truth, there were no legitimate economic numbers to examine anymore.  You see, financial analysts have traditionally used multiple indicators of employment, profit, savings, credit, supply, and demand in their efforts to divine the often obscured facts of our financial system.  The problem is, nearly every index we used in the past, every measure of capital flow and industry, is absolutely useless today. 

We now live in an entirely fabricated fiscal environment.  Every aspect of it is filtered, muddled, molded, and manipulated before our eyes ever get to study the stats.  The metaphor may be overused, but our economic system has become an absolute “matrix”.  All that we see and hear has been homogenized and all truth has been sterilized away.  There is nothing to investigate anymore.  It is like awaking in the middle of a vast and hallucinatory live action theater production, complete with performers, props, and sound effects, all designed to confuse us and do us harm.  In the end, trying to make sense of the illusion is a waste of time.  All we can do is look for the exits…

There is some tangible reality out there, but it is difficult to find, and there are few if any mainstream numbers to verify.  One has to remember always that the fundamental world of money and trade revolves around real people and real circumstances.  No matter how corrupt our economic system is, as long as there are human beings, there will always be supply and demand that cannot be hidden.  We have to look past the “official numbers” and look at the roots of trade.  Where has demand fallen?  Where has supply diminished?  Where are the tangible goods and needs and how have they changed?

Let’s first start with the mainstream version of our system, looking at each aspect of the economy that no longer represents the truth of our situation…

Employment, Savings, And Debt

Much of this information is old news to those of us in the Liberty Movement, who tracked the progress of the global collapse long before the general public even knew of its existence.  However, it is useful to take a step back and look at the basic picture every once in a while. 

According to numbers issued by the Department of Labor, weekly unemployment reports have dropped to a five year low, and the overall employment rate is holding at 7.9%.  This would seem to be a vast improvement over the dreadful bloodletting in the system only a few years ago.  Has the private Federal Reserve and the Obama Administration really done it?  Have they turned back the tide on the greatest fiscal crisis the U.S. has seen since the Depression?

No.  They haven’t. 

They have only changed how the data is disseminated to the public. In order to understand how the employment statistics con is being engineered, it is important to understand the difference between “Adjusted” and “Unadjusted” numbers.

Labor Department data is “seasonally adjusted”, using a series of statistical assumptions including something called “Trend Cycle Analysis”.  Trend Cycle Analysis is, basically, a sham, but a sham put together in a very complex and confusing manner.  If you ask a mainstream economist what it is, you’ll likely get a three hour long dissertation filled with financial babble and very little concrete explanation.  So let me break it down as simply as I can…

Imagine that you are going to estimate how much profit you plan to make in a particular month, but you don’t just consider your current pay rate and pop it into a calculator; you also throw in the possibility of a few pay raises, an inheritance from a grandma who might kick the bucket, and, your exaggerated expectations of the entire year’s profit on top of that.  You may also take into account future bad weather, a mugging, a nuclear war….whatever.  All hypothetical situations not based in reality.  Basically, you decide that a particular trend in your income is inevitable, then, mold your statistical analysis around that assumption.      

When your real profit numbers come in (the unadjusted numbers) and they do not meet your expectations, you simply change them according to what you believe SHOULD have happened.  If you insist that your profits are going to go up for the year, and they go down for a couple months instead, you change the variables you use to calculate the statistical average so that the results match your expectations, assuming that it will all balance out in the end.

Now, this sounds utterly insane for the common person out there trying to make a living.  If you ran your household this way, without accepting the cold hard unadjusted numbers in front of you, you’d find yourself broke and on the street in no time.  Unfortunately this is EXACTLY how our government handles most financial data; by coming to a final conclusion before hand, and then forcing the numbers to fit that conclusion.

This is why in February of 2013, “adjusted” first week unemployment rate was reported at 366,000 – a 5000 person drop from the week before.  A seeming improvement in the trend.  But, unadjusted numbers came in at 386,176 – a 16,000 person spike from the week before.  When one examines real unemployment numbers, he finds that the divergence between the adjusted and unadjusted statistics is growing larger with each passing quarter.  That is to say, the contradiction is becoming so blatant between the hard numbers and the Labor Department’s fantasy numbers that one must question whether or not the government is lying to us outright about the state of the economy (hint – they are lying). 

These same methods are used by the government to calculate progress in the housing market, disposable income, etc. 

The claim of “recovery” in the jobs market simply doesn’t jive with other indicators, like 2012 Christmas retail, which had the worst showing since the crash in 2008 (and these are still mainstream numbers!):

http://www.foxnews.com/us/2012/12/26/us-holiday-retail-sales-growth-weak...

Average household savings continue to scrape the bottom of the barrel, indicating that the public is not spending or withholding cash.  They are simply broke:

And the overall GDP of the U.S. contracted in the fourth quarter of 2012 for the first time in three years (again, according to official numbers, meaning the reality is much worse):

http://money.cnn.com/2013/01/30/news/economy/gdp-report/index.html

The downturn in consumption and industry also seems to be supported by the Baltic Dry Index, a measure of global shipping and rates.  The BDI has fallen to near historic lows THREE TIMES in the past year, which to my knowledge, has never happened before.  In the past, the BDI has been a strong prophetic indicator of future market volatility.  Usually, around a year after a severe decline in the index, a dangerous economic event takes place.  The BDI made its first sharp drop to all time lows at the end of January 2012, exactly a year ago. 

U.S. household debt was recently reported to have fallen to a 29 year low, but the ratio used by the Federal Reserve applies a statistic for disposable income that is derived from the Trend Cycle boondoggle method.  While markets cheer, the truth is, the only reason household debt obligations have fallen at all is because bank lending and credit issuance remains frozen.  Consumer debt falls when there is no money to borrow.  In fact, the Federal Reserve actually pays large banks NOT to lend to the public; an activity which was exposed by Dennis Kucinich in 2009 on the House Committee on Oversight and Government Reform.  An activity that continued through 2012:

http://economix.blogs.nytimes.com/2012/07/31/the-fed-should-stop-paying-banks-not-to-lend/

Keep in mind, one of the primary arguments the Federal Reserve used when promoting the bailout concept was that it would “free up credit markets” so that lending could pick up again and fuel a recovery, and yet, at the same time, they were paying banks to NOT lend.

Meanwhile, the supposed job recovery has produced an astonishing increase in welfare recipients in the U.S., including a record 46 million Americans on foodstamps (approximately 15% of our population):

http://www.nbcnews.com/business/report-15-americans-food-stamps-980690

If we are to apply any “trend” to our calculations on overall economic health, then we should include the extreme level of government handouts, and poverty levels which are now at all time highs.  The facts are undeniable; the number of people who have much less than they did in 2008 has grown.  How then could the U.S. be considered “in recovery”?

National Debt And The Fiat Lie

With the Dow Index hovering near highs of 14,000 our system truly looks to be on a rocket ship to pre-2008 money market bliss.  In a mere five years we have returned to equity spikes that stagger the mind and the wallet.  At least, that’s how it all appears…

What needs to be taken into account, though, is the amount of fiat money being created by the Federal Reserve, and how much of that printed pixie dust currency is fueling our magical flight to Neverland.  Since 2008, our official national debt has increased from $10 trillion to $16.4 trillion, and some estimate $17 trillion to $18 trillion by the end of 2013 (unless, of course, a collapse occurs).  Which means our national debt, which took decades to reach the $10 trillion mark, will have nearly doubled in only six years! 

So, what has a doubling of our national debt in such a short span of time bought us?  Well, credit markets remain frozen, property markets remain stagnant, poverty is at historic levels, welfare recipients are at epic highs, and consumer activity and GDP is back at 2008 lows.  Where did all that printed money go?  Where was it spent?  To answer that question, we only need to find what area of the economy has seen the most positive (or fantastical) activity.  What sector is seeing a massive boost while the rest tumbles?

I suggest that a large portion of QE1 through QE3 has gone to prop up the stock market, and nothing else.  I suggest that American taxpayers are fronting the bill for the equities bonanza we see today.  I suggest that the Dow is being used as a Red Herring to distract the populous for as long as possible while real assets are being snapped up and hoarded by international banks and foreign entities.  I suggest that we are being leached dry and that the parasites are almost ready to move on…

When will it all end?  Perhaps sooner than many people think.  The decision by D.C. to delay talks on the so-called “Fiscal Cliff” until March may not be coincidence.  Extensive cuts in federal spending are absolutely necessary and cannot be dismissed forever, but, because the last vestiges of our system that still operate do so through government money, such cuts will cause immediate damage to the economy, including possible default and dollar devaluation.  Refusal to make cuts will result in credit downgrades, currency inflation, and a loss of the greenback’s world reserve status.  There is no “right” way out of this quandary. 

When this collapse is initiated, it would certainly behoove all parties involved, including central banks, international banks, and criminal politicians, to have a scapegoat handy for the citizenry to direct their rage at.

Event Horizon Economics

An “Event Horizon” in physics is a moment or singularity in spacetime at which a gravitational pull becomes so great that there is no way to escape it.  It is a point of no return.  I believe America’s economy has reached its own Event Horizon.  Our system is now entirely fiat driven, with very little or no true economy left.  Without constant injections from the Fed, and perpetually low interest rates, the country would implode tomorrow.  This is not recovery.  Actually, I’m not sure what to call it. 

Today, independent economic analysts cannot look to the numbers to determine future trends.  Most are fake, and the rest are ugly, and I’m not sure much else can be said in their regard.  Instead, we must now look to events, rather than statistics, because our country has been maneuvered into a position of utmost frailty.  Like an avalanche shelf waiting for that perfectly timed disturbance to trigger its roaring collapse.  All that is needed is a macro-crisis, and it is no great feat for such a thing to be created in our tension filled global environment.

War in Syria and Iran leading to a tripling of energy prices.  Sanctions and strife with North Korea leading to Chinese economic retribution.  Conflict between China and Japan, again leading to Chinese economic warfare and perhaps real warfare.  An opportune “cyber attack” which could be used as an excuse for a market crash and even an internet shutdown.  A “political impasse” between Reps and Dems which leads to a default of U.S. credit.  Any one of these catastrophes could easily occur (with a little nudge from some well placed people) and feed a wider global tragedy.  The important thing to remember is that while this event will be blamed for the breakdown, it was international banks, the Federal Reserve, and elements of our own government that made the domino effect possible.  They put the pieces in place.  The act that knocks them over is secondary.

I have spent the past seven years writing about “potential” threats to our overall system, but these dangers were always just beyond our sight.  Just around the corner.  Today, it is as if the journey is over, and all those threats have materialized right before my eyes as real, and imminent.  I am watching that which I warned of come to fruition, and this is certainly not a pleasant thing.  What is valuable, though, is what we have all done in the Liberty Movement with the time that we had.  From when I began writing for the movement until now, I have seen an overwhelming increase in public awareness.  It may not be obvious to newer activists, but it is there all the same.  While we still face disparaging odds, and millions upon millions of oblivious bystanders, there is, amidst these darker moments, a steadfast community of free men and women forming.  I have full faith in the future.  Much more so than I ever did before.  Our economy may be detached from reality, but our endeavors as individuals will not be.  Our resolve will be the great game changer.  Not fiscal calamity.

 


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Sat, 02/09/2013 - 20:45 | Link to Comment The Heart
The Heart's picture

"When folks can't afford McDs we are in BIG trouble:"

Noticed this.:

People for one, cannot afford the exorbitant prices for the apparent garbagefood. Two, people realize it is over priced GMO carp that most animals sneer at, and will not eat. And three, the best part of the endless greed of all corporations greater effect on the populace is that people are realizing it is more cost effective to eat at home, thus bringing back together families that have been so well divided and conquered by the babaylonian corporate machines originally meant to divide them up for easier conquering later.

This is good. Death to the babylonian Soylent Green GMO killer slop called food pushing corporations, and their parent petrol-chemical sponsors. Let there be more advancement of Victory Gardens! Ask this; if we gave all our soldiers world-wide a shovel and hoe and a hand full of seeds, instead of arms and ammunition to kill each other with, would they shake hands and grow foods to give to each other world-wide so there would be such an abundance every soul on board would have all they could ask for and trade with?

No, not on a bad acid trip today. No SSRI drugs either, whew! Just innocently dreaming different futures to consider and speaking to the greater mass mind that can actually make a difference if it exercises it's greeter God given gift of free will choice. Every single soul on board the ship is vital and integral. All have a vote to cast in their own futures. If we could all simply think as the One we ALL are, many great things could be instantly accomplished not only on the spiritual levels, but actually manifest on the material levels too. It is all really easy, and like two plus two does really equal four.

BE the Law of Love...it is the Way of the Heart.

Sat, 02/09/2013 - 21:23 | Link to Comment Son of Loki
Son of Loki's picture

Yep. I watched a movie about how they made those McD's and have not eaten one since. I was trapped in that Kunming airport for hours otherwise I would never have eaten FF. IN retrospect, i should have had something double boiled since I don't have a "Chinese stomach." 

I still wonder what Chinese (and Indians) have in their stomach that allows them to eat meat sitting in the heat for hours and they not get sick. Higher acid levels? I just don't know.

Sun, 02/10/2013 - 01:18 | Link to Comment RockyRacoon
RockyRacoon's picture

It's called practice.  After eating food that has been hanging by a hook in humidity that you can spoon up, day after day...  You get a digestive tract like one of my dogs.  I spent quite a while in Thailand and wondered at the chickens hanging there in the market.  Just wondered... never ate one.  Fried rice that I saw actually being made was my mainstay diet.  Never tried one of these from the street vendors either!

Sun, 02/10/2013 - 11:56 | Link to Comment Kickaha
Kickaha's picture

I, for one, am drawing the line here.  Carp in my burgers is OK, but I absolutely refuse to eat GMO carp.

Sat, 02/09/2013 - 21:21 | Link to Comment mendolover
mendolover's picture

I think Burger King is on the ropes.  Their Whopper is now a disgusting POS.

Sun, 02/10/2013 - 01:23 | Link to Comment yogibear
yogibear's picture

The old standby will be much cheaper....

FAKE Chinese Steam Buns Made From Cardboard Boxes

http://www.youtube.com/watch?v=Kea87ILzOpQ


Sat, 02/09/2013 - 20:16 | Link to Comment Poor Grogman
Poor Grogman's picture

My new plan to "kick start" jobs growth is to simply build apron some recent good Keynesian work that readers may be familiar with.

The imminent announcement will be made to create an "infinity dollar coin" which will be deposited at the fed.

This will simultaneously solve the whole worlds debt problems while allowing unlimited budget deficits to continue without the unseemly wrangling that goes on at the moment.

Also in case people were uncomfortable with this inspirational proposal it will shortly be announced that all taxpayers will be allowed an immediate and permanent tax holiday.

Free universal health care and shopping vouchers will also be distributed to all adults and children (bonus coupons for those with pets).

People holding PMs and other barbarous relics will be able to turn them in free of charge at specially set up reprocessing centers where they will be disposed of in an environmentally friendly manner, thus saving the inconvenience of possible loss to those particular individuals.

Thanks in advance for compliance in this most important matter.

Signed

The latest megalomaniac

Sat, 02/09/2013 - 20:17 | Link to Comment Monedas
Monedas's picture

I do not subscribe to the theory .... that six Jewish "Banker Kings" .... run the world .... everyone knows who the six clowns who run the world are .... Larry, Moe and Curly .... Manny, Moe and Jack !

Sun, 02/10/2013 - 04:27 | Link to Comment AnAnonymous
AnAnonymous's picture

Dont forget the biggest clown of them all: Obama.

Signed: an American.

Sat, 02/09/2013 - 20:18 | Link to Comment IridiumRebel
IridiumRebel's picture

The US is out of touch.

Sat, 02/09/2013 - 20:36 | Link to Comment Manipuflation
Manipuflation's picture

Completely.

Sat, 02/09/2013 - 20:35 | Link to Comment MedicalQuack
MedicalQuack's picture

Absolutely right on the money with the tangibles.  Why would companies bukld factories and hire employees when they can either sell data they alaready have in house or mine it off the web.  Even companies that do produce tangibles mine and sell data and thus we need to licence and tax them to give tantibles a chance.  I started saying that a couple years ago.  Read about Cook Medical and the darndest thing is that they don't get behind taxing data sellers who make billions, Walgreen in 2010 made short of $800 million selling data, get the picture on the profits.

http://ducknetweb.blogspot.com/2012/09/cook-medical-device-plant-opens-i...

A couple years ago my satire, data addiction and abuse the next upcoming 12 step program...where is it we need it now:)

I became a little frustrated this week with a couple HHS activities.  Our non digital capable leader gets out here and tells everyone to hurry up and get healhcare sofware going...well let's tie those programmers to the chairs and beat them with a bull whip (grin).  They don't get it that the short order code ktitchen burned down a few years ago and there was no fire sale.  Next a couple days later, the ONC folks accuse medical record vendors about being non ethical, and nothing brought to the table so again they are scared and killing us with not having exeuctives wiht some tech knowledge.  I live in Califonria to where they dumped the payroll software that wouldn't function after spending 90 million and I'm sure part of that is the condtion of the data too.

http://ducknetweb.blogspot.com/2013/02/hhs-delays-basic-health-option-un...

We end up with laws with no balls when it comes to data and throw privacy in there too, time has come to license and tax data sellers to end this free ride that hurts consumers.  Watch 60 minutes sunday as they hopefully hit the credit agencies right with all thier flawed dat and I hope they kick FICO in the behind.  FICO uses your credit information and mines it wiht other mined data to create analytics that will tell your doctor if you will take your prescriptions..no wonder we have nothing but fantasy out there. 

http://ducknetweb.blogspot.com/2013/02/time-has-come-to-license-and-tax-...

Wired just came out wiht a grea article and features one from the National Institute of Statisical Science that I chat wiht and who liked my Killer Algorihtms series and they too tackle this with telling people big data has flaws as you expand it with non linear methdologies with data that was never supposed to be and they get the media too with the junk stat crap we see out there. 

http://www.wired.com/opinion/2013/02/big-data-means-big-errors-people/

I do like the titles of the talks that Cathy O'Neil uses, better than my Killer Algorithms, she says "Weaons of Math Destruction", love it.  We are all saying the same thing on how people are so duped and uped again.  Charlie Siefe is my favroite on that one though in a quote "well the model has a square root in it, looks good and it's been all over the news this week must be good"...this is the danger though with being used against consumers though..it's the biggest attack we have ever seen and all are bliss and some are just stupid in government.  Yes I have written the President, the FTC and a few others.  Watch the video here as IT folks from NASA, TMobile and others admit they don't know WTF they are doing in a nice professional mannger and are looking for those magical data scientists to fix it.  Those job descriptions if you have ever seen them want people proficient in 5-6 languages...lol...good luck as this is not like looking for a secretary that can beat 40 words a minute. 

http://ducknetweb.blogspot.com/2012/11/big-dataanalytics-if-used-out-of....

 

 

 

Sat, 02/09/2013 - 20:49 | Link to Comment The Heart
The Heart's picture

A sudden realization of the unreal indicates that maybe...maybe WE are just as detached as the economy is.

Sat, 02/09/2013 - 20:57 | Link to Comment boeing747
boeing747's picture

Just came back from a friend's new rental property(got from short sale), he told me that previous owner bought this house three years ago with little down, only paid half year, then default. Next door owner doing same thing not paying mortgage for 2.5 years yet whole house stuffed with all kinds of high tech gears.

FYI, for section 8 low income renters in san jose, local government will pay 67% of rent. i.e. monthly rent is $2000 for a 4-room single family house, goverment paid $1340, you only need to pay $660. Now you know how tax dollar at work.

Sat, 02/09/2013 - 21:00 | Link to Comment smacker
smacker's picture

The $64 trillion answer to official government stats is that the govt actually believes their own garbage numbers. They're addicted to them, and then formulate monetary/employment/social policy on the back of them. When the policies fail, they double down. This is known as madness.

Sat, 02/09/2013 - 21:08 | Link to Comment CaptainSpaulding
CaptainSpaulding's picture

Must be that confounded blizzard. 30 inches on Long island.

Sat, 02/09/2013 - 21:15 | Link to Comment silverdragon
silverdragon's picture

Thats the funny part, the numbers are all nonesense. All these idiots analyzing the data and offerring their opinions. Too funny.

Buy physical Silver, buy lots and buy it now. Because its real, unlike almost everything else.

Sat, 02/09/2013 - 21:25 | Link to Comment world_debt_slave
world_debt_slave's picture

DC has been detached from reality since it's inception with it's deception.

Sat, 02/09/2013 - 21:40 | Link to Comment Hangfire
Hangfire's picture

Does this mean I should order my Esee Junglas now?   

Sat, 02/09/2013 - 21:59 | Link to Comment cornflakesdisease
cornflakesdisease's picture

All I can say is this my brothers . . .  ... . . . . . . .

 

https://www.youtube.com/watch?v=dsx2vdn7gpY

Sat, 02/09/2013 - 21:58 | Link to Comment cornflakesdisease
cornflakesdisease's picture

All I can say is this my brothers . . .  ... . . . . . . .

 

https://www.youtube.com/watch?v=dsx2vdn7gpY

Sat, 02/09/2013 - 22:03 | Link to Comment Cman5000
Cman5000's picture

Just fucking burn already ...

Sat, 02/09/2013 - 22:13 | Link to Comment dolph9
dolph9's picture

Keep in mind that there is also a world out there.  Ultimately others will call the American bluff and stop funding Treasuries at all, at which point collapse accelerates.

But nobody wants to do this, because, quite frankly, the rest of the world are pussies.  They wrap themselves up in the American flag and Uncle Sam jingoism so that they can have interest on Treasuries, however meagre, and they don't have to worry about policing their own areas.

All of that is coming to an end.

Sat, 02/09/2013 - 22:19 | Link to Comment Atomizer
Atomizer's picture

If US can just start building Ghost Cities comparable to China, we should negate any currency wars by fantasizing [kicking the can a bit further].

 

/sarc

Sat, 02/09/2013 - 23:35 | Link to Comment Poor Grogman
Poor Grogman's picture

Good idea but all the ghosts have already moved to china.

Sun, 02/10/2013 - 00:35 | Link to Comment Bear
Bear's picture

We already have ghost cities Detroit, Toledo, Pittsburgh, Chicago, etc. 

Sun, 02/10/2013 - 04:25 | Link to Comment AnAnonymous
AnAnonymous's picture

'American' has many more other ghost towns.

'American' economics generates ghost towns.

Bear with it.

Sun, 02/10/2013 - 07:51 | Link to Comment enloe creek
enloe creek's picture

nothing you know of toledo so don't open your packo hole about it

Sun, 02/10/2013 - 10:09 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Pittsburgh is in no way a ghost city.  

Sat, 02/09/2013 - 22:22 | Link to Comment delacroix
delacroix's picture

just who exactly, is buying our debt, currently, the uk?

Sun, 02/10/2013 - 01:29 | Link to Comment yogibear
yogibear's picture

One huge print-fest.

A Joke. Every country can bail out another buying their debt with printed fiat.

One huge twisted global Keynesian circle-jerk.

 

Sat, 02/09/2013 - 23:39 | Link to Comment snblitz
snblitz's picture

The author of this article seems to fail to take his own advice.

In pointing to the irrationality of the stock market he fails to take into account nominal dollars.

One can set aside inflation and the value of dollars by considering price-to-earnings (PE) or price-to-book (PB)

S&P 500

  • 2000 peak PE 28.5 PB 4.9
  • 2008 peak PE 17.3 PB 2.9
  • 2013 peak PE 14.8 PB 2.2

Do the stock price dollar numbers look big due to the valuelessness of the dollar? They do.

But, today's valuation of the S&P 500 is pretty much in line with the average over the last 100 years.

 

Sun, 02/10/2013 - 00:20 | Link to Comment Atomizer
Atomizer's picture

Bravo

Sun, 02/10/2013 - 01:34 | Link to Comment Grand Supercycle
Grand Supercycle's picture

Despite recurring short covering spikes [which contribute to market instability] the inevitable Wile E. Coyote crash awaits and unfortunately many investors will get badly burnt.

Extend & Pretend - attempting to forestall natural market forces preventing much needed market corrections for several years actually ensures the next crash will be even worse.

Ongoing USD suppression and central bank intervention has influenced markets for longer than I anticipated and the bungee cord is now VERY overstretched.

Guess what happens next ?

http://trader618.com

Sun, 02/10/2013 - 02:54 | Link to Comment Jab Cross Hook
Jab Cross Hook's picture

"Real is no big deal man / what's real is what you feel"

http://www.youtube.com/watch?v=epobLElJ6-w

Sun, 02/10/2013 - 04:24 | Link to Comment AnAnonymous
AnAnonymous's picture

How funny. So apparently, this 'american' would like to sell the propagandist idea that something new's just appeared in 'America'.
How fabled past.

'Americanism' has always been about masquerading since 1776, July, 4th.

Once again, there is no changes in the 'american' ways. Simply the continuation of them.

'Americans' have always been obsessed with how to force others to perceive 'americans' the way 'americans' want to be perceived.

Take that 'american' middle class hero Lance Armstrong. He is a splendid poster child for what 'americans'stand for.

'Americans' always wanted to force others to perceive 'americans' as being exceptionnally good in things 'americans' deem good and as desesperately common in things 'americans' deem bad.

When, actually, reality shows the reverse:

'Americans' are desesperately common in things 'americans' deem good and outstandingly exceptionnal in things they deem bad.

Who was Lance Armstrong? He was a mediocre or even subpar professional bike racer. Very common. Where did he shine? In frauds, lies, bullying, coercion, arrogance, cheating, death threats, drug addiction, cowardice, greed etc

Who was Lance Armstrong? A texan who was such a coward he could not take to go up hills without injecting himself with drugs.
But the whole system he built to indulge himself into his drugs addiction, the blatant dismissal of the existence of the system, his aggressivity to maintain the system did not exist (he extorted money from people telling that he was a drug addicted) are outstandingly exceptional.

Lance Armstrong is no government man. He is just one 'american' among others. Kicking the can on the government is not an opportunity Lance Armstrong offers. Then no corruption by power.

But what? Lance Amrstrong is an 'american'.

And what he's been doing is what 'americans' have been doing.

Masquerading is what 'americans' do. It is their nature.

Therefore 'americans' involved in economics express the same natural trait: they masquerade. They want to control others'perception of the 'american' economies.

Once again, nothing but 'americans' who happen to be economists.

Just as Lance Armstrong is an 'american' who happened to be a professional bike racer.

Sun, 02/10/2013 - 09:03 | Link to Comment bunnyswanson
bunnyswanson's picture

American sports heroes have sponsors and contracts.  Their accomplishments are cashed in and become the livelihood of opportunistic scavengers who surface because exceptional is what people like.  It sells.  Advertisers and Hollywood as well suck the life blood for every cent it is worth out of the people whom they alone decide makes it to the top.

The rich have bills too.  Can you imagine how much it would cost to maintain the lifestyle one has grown accustom to?  A few unwise financial decisions or bad luck can make even the cream of the crop sell their soul to the devil himself, because as someone said, "I'm as rich as my next movie."  (Mickey Roarke, maybe)

Sun, 02/10/2013 - 09:51 | Link to Comment Almost Solvent
Almost Solvent's picture

AnAnonymous is not your Snake Year Celebrations bubbling up with citizinism? When will you pull finger and release all energy into your dutch o-van? The minister is unhappy with your chitty work and bloviated post. Japs will encircle and conquer China as per usual no doubt.

Sun, 02/10/2013 - 12:18 | Link to Comment Kickaha
Kickaha's picture

For a person who continually professes to be the world's foremost expert on American culture, you have really screwed the pooch on this one.

Most Americans think grown men who ride bicycles for a living are skinny pussies, and they really don't give a shit about the Tour de France.  Most of those who do accept the fact that the professionals in that sport, or, at least, the successful ones, just haven't had their doping schemes uncovered yet.  Figuring out who will be exposed next is the most interesting aspect of that "sport".

We Americans do enjoy a good scandal, though, even one which everybody pretty much expected to happen now for several years. Maybe if Lance had married Sheryl Crow, he might have garnered some sympathy in some quarters, but any man who lets such a fine piece of ass (and rich) get away needed to have a comeuppance.

Sun, 02/10/2013 - 08:05 | Link to Comment amanfromMars
amanfromMars's picture

Virtual Machines Internetworking to International Rescue? Or is the present ship and current Systems Admin doomed to a be a Titanic clone?

Posted Sunday 10th February 2013 08:22 GMT amanfromMars 1 …. on http://forums.theregister.co.uk/forum/1/2013/02/08/google_private_airport/

The Bigger Picture and PC Reality and Gospel Truth playing out Globally before Your Very Own Eyes*? 
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Government is an association of men who do violence to the rest of us. ....  Leo Tolstoy has a graceful saving counterparty in The only way to get smarter is by playing a smarter opponent ….. Fundamentals of Chess 1883
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Whenever the wheels come off the Ponzi National Debt Treasuries/Bonds/Gilts Wagon and there is no Johnny Rotten Foreigner ready, willing and enabled to buy and/or supply Worthless Toxic Sub-Prime Waste Disposal with Fiat and Federal Reserve Currency Scrip Delivery and Acceptance, which forces such sales and auctions to be bought up by oneself in a Treasury and/or by clones and/or proxies of oneself in Treasuries, in a parasitic cannibalistic feast with an unhealthy artificial feed which seeds a corrupted base HFT algorithm poisoning home source wells and trading floor markets ..... as is evidenced in a depressed situation with wholly unusual and unexpected market gains of surprising/dubious provenance [and there have been a lot of those recently, haven't there?] ...... will such Flash Cash Largesse AdVentures be ever more prevalent as the Private and Pirate Sectors of Smarter Humanity seek Novel Advantage in Public and Government Sector Incompetence and Ignorance and Arrogance as IT Crashes Systems of Perverse Inequitable Profit Control.
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PS .....Try to control yourself and resist the sticky sweet temptation to downvote the messenger when curing the problem is the only question to answer correctly.  :-) However, with so many deaf, dumb and blind to the real/virtual nature of their virtual/real existence, and how they be regarded and treated as no more than just pawns for sacrifice in the Greater Great Games in Intelligence Plays with Global Operating Devices and SMARTR Virtual Machines, is Einstein not wrong in his observation  ......... "Two things are infinite: the universe and human stupidity; and I'm not even sure about the universe."
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* And Ayes

 

Sun, 02/10/2013 - 09:11 | Link to Comment orangegeek
orangegeek's picture

Ben and Barry's mission is to keep pumping cash for four more years and keep those markets up  - and then hand it back to the Republicans or Hilary.

 

3 months into his term (ok, maybe less than one month) and the economy is shrinking.

 

Ben and Barry are fucked and it's only a matter of time before it is reflected in the markets.

Sun, 02/10/2013 - 10:42 | Link to Comment goldenbuddha454
goldenbuddha454's picture

Hate to reference CNBC, but they have a story "Americans are tapping into home equity again" which only means one thing;  the liquidity sponsored by the FED into the banks is finally reaching the private sector.  Now, will this create hyperinflation or hyperdeflation?  IMO, people are tapped out and will use the money to just pay bills.  The economy is in an ever-increasing decline in growth and job creation.  The next 2-5 years we'll see this deflation in non-"transitory" items followed by a move in the other direction to inflation once everything bottoms and has nowhere to go but up again.  All the while we'll continue to see the "transitory" items continue to go up.  Don't count on a sale on milk anytime in the next 30 years. 

Sun, 02/10/2013 - 10:13 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

This guy is another broken clock (like Mark Grant) who has somehow managed to fail to be right even once a day, let alone twice.  

Sun, 02/10/2013 - 10:30 | Link to Comment realtick
Sun, 02/10/2013 - 11:57 | Link to Comment moneybots
moneybots's picture

"There is no “right” way out of this quandary."

 

Actually there is a right way out of the quandry- the truth, rather tan fraud piled upon fraud.

Sun, 02/10/2013 - 12:00 | Link to Comment moneybots
moneybots's picture

" Without constant injections from the Fed, and perpetually low interest rates, the country would implode tomorrow.  This is not recovery.  Actually, I’m not sure what to call it."

 

How about calling it what it is- an eleborate financial fraud.

Sun, 02/10/2013 - 12:45 | Link to Comment andrewp111
andrewp111's picture

Something is happening, because the malls in the DC Area are twice as packed now than they were during the Christmas season only 6-7 weeks ago. Something is bringing out those crowds who are spending money.

 

The claim of “recovery” in the jobs market simply doesn’t jive with other indicators, like 2012 Christmas retail, which had the worst showing since the crash in 2008 (and these are still mainstream numbers!):

Sun, 02/10/2013 - 12:58 | Link to Comment bobbydelgreco
bobbydelgreco's picture

obviously the #'s are phony  & just as obvious it can't go on forever but it can go on for a long time & 1 more thing about these guys they see how ben's printing keeps the market up but for some reason they don't understand how it also keeps up oil & by the way zhers pm's 

Sun, 02/10/2013 - 12:58 | Link to Comment TrumpXVI
TrumpXVI's picture

"The economy is dangerously detached from reality."

So...the definition of a psychotic is one who cannot tell reality fom fantasy, then the economy is psychotic.  I like that; sums everything up nicely don't you think?

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