Bill Gross On "New Form Capitalism"

Tyler Durden's picture

When even a "bond king" says the stock market is broken, is it not time for "the retail investor is coming back" cheerleaders to finally throw in the towel?

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NEOSERF's picture

I've been commenting elsewhere on this for over a year...first hour, then melt to a level and it just doesn't move til the last 15 minutes...has an ebay auction feel to it where the first hour digests the nights headlines and the last 15 minutes positions in front of tonights potential headlines or day traders gettting out with their melt up wins...

redpill's picture

Bill didn't seem to complain as much when he was making easy money on treasuries.

TruthInSunshine's picture

 NEOSERF wrote that "has an ebay auction feel to it..."

Especially when The Bernank keeps hitting the "buy now" button rather than placing any bids.

It's a Virtuous Circle, bitchez! CRM, PCLN, AMZN and more, bitchez! They're not idiotically expensive, rather, you're analysis is wrong.

NotApplicable's picture

So... I take it El-Erian didn't notify him about the "New Normal?"

fourchan's picture

the matrix is the new market.

balolalo's picture

Algo-capitalism.   Machines vs machines, all of them waiting to get the last shot in before the bell. 

We're all either collateral or collateral damage in this system.

camaro68ss's picture

capitalism defined by stock trades now, ok

101 years and counting's picture

bill was simply being nice.  he didnt want to piss off too many people by actually saying "Communism".  which is where we now are.

Tsar Pointless's picture


Dumbest comment of the day. And it's not even 11 am here in the Eastern US.

Communism? You need to take a course in political thought and theory, pal.

otto skorzeny's picture

sure-it's soviet communism-only the juiced in memebrs of the Politburo enjoy the privileges and and black Zil limos and get the best dachas (or in the US's case-the Hamptons).

Tsar Pointless's picture

Sure - its relatable to Soviet Comminism, perhaps.

But not REAL communism.

I know the difference.

otto skorzeny's picture

enlighten us oh wise when-we yearn for your knowledge-let it gush forth from you like a font.

otto skorzeny's picture

no fucko-but by you saying you know the difference like the rest of us don't makes you sound like a fucking know-it-all. no one accused you of not knowing the difference-but then again- no one cares if you do.

Tsar Pointless's picture

Well, I care when I see idiots using terms such as "communism" or "socialism" to describe our systems of government or economics.

It infuriates me. And these people are allowed to vote and breed.

And I don't care that you don't care if I do know the difference.

No skin off my back.

Panafrican Funktron Robot's picture

"It infuriates me."

"No skin off my back."

Holy jesus the mood swings my friend.  

Not Too Important's picture

There is only the .0001%, and the rest of us. Whatever -ism that falls into, I'm not sure.

But I don't like it.

Raymond Reason's picture

It's the same people that ran the USSR, or rather their protoges, but rather than overt price control, covert manipulation is used.  Rather than killing priests, televangelists are installed.  I don't think we'll get to the Gulog phase.  Soviets had a sugar Daddy in Uncle Sam...there are no more sugar daddies.  Besides, Americans are the most heavily armed citizens in the world.  This is the end of the line for the Stalinists. 

tbone654's picture

Don't be so sure of that...  End of line for the Stalinists...  Just because we are armed, doesn't mean we have the guts to stand up and shoot...  After all, it's not that bad, yet...  And the pot is just starting to boil, and we the frog are just fine so far...

tbone654's picture

50 years since this event listed below and 50 years in June since Supreme Court upheld the ban on "prayers in school"...

100 years since Federal Income taxes and the Fed were created to snatch liberty from all americans...

This country has been on a road to communism for over 100 years...  Pay attention...


The Communist Takeover Of
America - 45 Declared Goals
From Greg Swank

You are about to read a list of 45 goals that found their way down the halls of our great Capitol back in 1963. As you read this, 39 years later, you should be shocked by the events that have played themselves out. I first ran across this list 3 years ago but was unable to attain a copy and it has bothered me ever since. Recently, Jeff Rense posted it on his site and I would like to thank him for doing so.
Communist Goals (1963) Congressional Record--Appendix, pp. A34-A35 January 10, 1963
Mr. HERLONG. Mr. Speaker, Mrs. Patricia Nordman of De Land, Fla., is an ardent and articulate opponent of communism, and until recently published the De Land Courier, which she dedicated to the purpose of alerting the public to the dangers of communism in America.
At Mrs. Nordman's request, I include in the RECORD, under unanimous consent, the following "Current Communist Goals," which she identifies as an excerpt from "The Naked Communist," by Cleon Skousen:
[From "The Naked Communist," by Cleon Skousen]
1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament [by] the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China. Admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the German question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
12. Resist any attempt to outlaw the Communist Party.
13. Do away with all loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policy-making positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms."
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity, which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the "big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture--education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand [or treat].
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use ["]united force["] to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction [over domestic problems. Give the World Court jurisdiction] over nations and individuals alike.
Note by Webmaster: The Congressional Record back this far has not be digitized and posted on the Internet.
It will probably be available at your nearest library that is a federal repository. Call them and ask them. Your college library is probably a repository. This is an excellent source of government records. Another source are your Congress Critters. They should be more than happy to help you in this matter. You will find the Ten Planks of the Communist Manifesto interesting at this point.
Webmaster Forest Glen Durland found the document in the library.
Sources are listed below.
Microfilm: California State University at San Jose Clark Library, Government Floor Phone (408)924-2770 Microfilm Call Number: J 11.R5
Congressional Record, Vol. 109 88th Congress, 1st Session Appendix Pages A1-A2842 Jan. 9-May 7, 1963 Reel 12
1963- The Year That Changed America
By Greg Swank
Over the years, I have shared in debates and discussions regarding the current state of affairs in the U.S., and the changing social climate of this great nation. Since the "baby-boomer" generation, society and its culture have become noticeably different than the way it was 50 years ago. From the late 50's to the 70's a series of events took place contributing to the way we are currently living. However, like anything else, there has to be a starting point at which the wheels are put into motion. Sometimes it can be a single event, such as war, but more often, it is a series of events, some intentional, some planned, others unpredictable. There is always a pivotal point when things begin to change. I believe that time was 1963.
For my generation, some of the following will certainly stir old memories. If you born later, this may serve as a brief history lesson into the times your parents traveled through.
By 1963 television was the leading sources of entertainment. The public enjoyed a different type of programming back then. Lessons on life could be viewed weekly on "Leave it to Beaver" or "My Three Sons." There were hero's back then that never drew blood, "The Lone Ranger" and "The Adventures of Superman." Cartoon series evolved, such as, "The Flintstones" and "The Jetsons" without messages of empowering the children, using vulgarities or demeaning parental guidance. Family's could spend a weekend evening watching "Ed Sullivan," "Bonanza" or "Gunsmoke." For those who enjoyed thrill and suspense, we were blessed with "Alfred Hitchcock Presents" and the "Twilight Zone." 'My Favorite Martian," "Ozzie and Harriet," "Donna Reed" and "Sea Hunt" also kept viewers entertained weekly.
Movie theaters were not multiplex units with 15 screens, rather, one single, giant big screen with adequate sound and hard seats without springs. "Tom Jones" had won the Academy award for best picture. "How The West Was Won," "Cleopatra," "Lily of the Fields," "The Great Escape," "The Birds," and "It's a Mad, Mad, Mad, Mad World" were all box office hits.
By years end, "The Beatles" had played for the British Royal Family and were laying the groundwork to conquer the U.S. the following year. Eric Clapton began his journey to fame with Jeff Beck, Jimmy Page, Jim McCarty and their band, "The Yardbirds." Out on the west coast the surf was beginning to rock'n'roll with "The Beach Boys" and their first song to reach the top ten list, "Surfin' U.S.A."
"Joys of Jell-O" recipes for quivering florescent foodstuff hit the stores. U.S. Postal rates went up to five cents for the first ounce. AT&T introduced touch-tone telephones. The Yankees played in the World Series again; but lost to the Dodgers in four straight. The government and NASA began the Apollo program.
This is just a brief snapshot of some things that were going on back in 1963. Remember?
While some of these events played an important role in the direction of change that affect us today, many of them were lost to much greater, more political events, that I believe put everything into motion.
On January 10, 1963, the House of Representative and later the Senate began reviewing a document entitled "Communist Goals for Taking Over America." It contained an agenda of 45 separate issues that, in hindsight was quite shocking back then and equally shocking today. Here, in part, are some key points listed in that document.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
8. Set up East and West Germany as separate states.
11. Promote the U.N. as the only hope for mankind.
13. Do away with all loyalty oaths.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Discredit the Bible and emphasize the need for intellectual maturity, which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
44. Internationalize the Panama Canal.
You can see the entire list on this web page -
Now, I am not saying that the U.S. is under some kind of Communist control, but what I do find frightening, is of the 45 issues listed, nearly all of them have come to pass. Remember this was in January 1963.
In 1963 the news media showed women burning their bras as the women's liberation movement took off with the publishing of "The Feminine Mystique" by Betty Friedan. Martin Luther King was jailed in April and civil unrest was being brought to the forefront. On August 28th the media brought us live coverage of the march on Washington and Dr. Kings famous "I had a dream" speech. The Cuban missile crisis found its way in to our homes and our nation was gearing up for conflict.
By September of 1963 we had lost some very influential people, Pope John XXIII, Robert Frost, and country legend Patsy Cline, to name a few. In the early hours of November 22nd we learned of the quiet passing of C.S. Lewis and hours later we were brought to our knees when President John F. Kennedy was assassinated and our nation mourned.
So you see, while long since forgotten, 1963 could very well have been, one of the most important years since our founding fathers provided us with the Constitution of the United States. Which brings me to one final and extremely important decision that was made during this most provocative year.
On June 17, 1963 the U.S. Supreme Court concluded that any Bible reciting or prayer, in public schools, was deemed unconstitutional.
While American's have endured great prosperity over the past 40 years we have also lost our moral compass and direction. In reviewing the research, data supports 1963 as a focal point, demonstrating a downward slope in our moral and social decline through 2001.
Certainly, one would have to agree that all of these events have had a profound impact on the way our current social structure has been changed. Personally, if I had to choose one specific event that has demonstrated the demoralization of our country, it would have to be the decision of the U.S Supreme Court in June of 1963.
But there is always "hope." As always, I welcome your comments and can easily be reached. Thanks for the response to "Daddy, What's Fluoride?" My email is:
From Founders' America
Jeff...adding a couple of my own numbers:
__ 46. Import anti-white racists from the Third World, via an open-borders policy, then force their integration to divide and conquer white Western civilization in North America.
__ 47. Feminize and disarm both the citizenry and military; especially disarm white males.
Founders' America
P.O. Box 71024 Richmond, Va

falak pema's picture

you don't really believe this rancid mythology of "free" white america? 

If you do, you don't deserve that lady that the old world gave you with the torch held high on Statten Island. 

You're beyond reason, you're in a world of Supercalifragilisticexpialidocious irreality, of another fantasy world full of nightmares. 

There are nightmares and nightmares; but that's another story. 

tbone654's picture

no... just focussed on the content, not the commentary...

Offthebeach's picture

Does " New Economic Policy " ring any bells?

( Granted, what did V. I. know about Communism? )

MeelionDollerBogus's picture

holy crap. 21 idiots down-arrowed you because they think Fascism (actual) is Communism (which isn't happening)

kchrisc's picture

I love these "communism" people.

They'll be saying it even when the fascists show up to take them away.

The best are the Obama haters (I hate them all, equally) who run around bashing his regime as communist or socialist when everything that they have done, including Obamacare, is fascist.



Everybodys All American's picture

It's the same playbook day after day. Like the Fed has a program running in the background controlling everthing. Nah, they wouldn't do that would they.

max2205's picture

underlying volitility is huge...everday i see lots of 5 - 25% moves durning the day.

Gross must be looking at this market the wrong way...from a boring bond trader eyes

Doomer's picture

He was talking about the market as a whole, not individual stocks, which I assume is what you are referring to.

you enjoy myself's picture

has there been a safer, more profitable trade than buying SPY calls anytime you see red intra-day?  it doesn't even matter what news came out - it always reverts to green.  do ben and timmy understand that that kind of blatant manipulation actually scares retail instead of inspiring confidence?  stable systems don't keep moving in the same direction, every single day, no matter what.  there's not even a 0.5% down day allowed anymore?

Everybodys All American's picture

Every index has traded in the exact same manner for as long as QE has been in play. Which leads me to one conclusion and that is that a large program is in place encompassing the whole market. Otherwise it's virtually impossible to see this little divergence or lack of randomness in total day after day after frickin day.

Doomer's picture

It is called free money for primary dealers.


DC3's picture

Gettin Jiggy wit it

francis_sawyer's picture

CNBC watchers will require more nudity to keep from losing what's left of their audience...

camaro68ss's picture

More cleavage and shorter miniskirts in the middle of winter, Ill watch

azzhatter's picture

Mandy Drury topless show may spark some viewership.

Mad Mohel's picture

That's the kinda broad that you'd eat a mile of her shit just to see the source.

otto skorzeny's picture

pleeease-she'd got a penis. althought i would lick Diana Olick.

francis_sawyer's picture

Bring back Liz Claman & hang her dairies out on the news desk... See if Joe Kernen could keep a straight face... Now THAT'S entertainment!


Time to go full scale "Idiocracy"

toady's picture

Yep. If the content gets any more stale they'll need to go 'naked news' to spice it up a bit.

Maybe bring ib Sienfeld to punch up the comic retorts.

Cdad's picture

...and this is Ben Bernanke's plan.  Bid lift the Russell and...presto...100 years of monetary incompetence will go away.  And all for the low low price of $5 trillion?  Or is it $10 trillion.  More? MOOOOOOAAAARRRRR!

Thank you, Ben Bernanke, for this wasteland you have created for us.

SheepDog-One's picture

$30 trillion! $40 trillion! Who really knows what destruction the Maniacal Monetizers have really done to us, just to save their own hides a bit longer! 

Soon, they'll be talking $10 trillion per month just to keep this present bullshit 'New Normal' afloat!

valley chick's picture

who needs a market when you are betting against debt?

sbenard's picture

Your comment reminds me of this one:

Who needs a market (or an economy)? We have PRINTED prosperity now!

youngman's picture

The gold and silver markets are exciting..someone has a new HFT computer...

Oh and they are selling 30 Year bonds today...yeah thats it...sell gold by a USA 30 year bond...all is good.......

Disclaimer..I have all my gold and silver on a Carnival Cruise ship

scatterbrains's picture

you can see them struggling to hold the gold beach ball under the water today.

ekm's picture

Bill Gross and Ray Dalio and George Soros are the top three predators of the financial world.


It's obvious that the market has run out preys, because the Gof/Fed/Primary Dealers OWN EVERYTHING by use of QEs.


HFT is dying because there's nothing left in the market to trade.

The problem is that Bill Groos is afraid that he might get out of business also, since there's nothing left to trade. All suckers are sucked out.


Poor Bill, QEs took the suckers away from him. He's suffering. No preys available. Poor Bill.