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Biderman Blasts "Sequestration Bullshit" And The Government's Big Lie

Tyler Durden's picture




 

The sequestration bullshit is driving TrimTabs' CEO Charles Biderman nuts - and rightly so. As we showed recently, the actual scale of the earth-shattering cuts, while not insignificant, are small and if the shills on TV preaching the end of the world from sequestration did the math they would see it is a mere 6% drop in non-entitlement government spending that is set to destroy the economy. Biderman exclaims, "what is apparent to me is that our government is becoming very good at the big lie," as they exaggerate any and everything to their own needs. It is obvious, he adds, "that our government is deeply committed to not reducing the size of government, and is willing to outright lie," but he saves the epic rant that we come to expect for Paul Krugman. Just as Irving Fisher's infamous 1929 pre-crash call that equities have reached a permanently high plateau; Biderman suggests Krugman will be remembered as erroneously claiming that 'deficits don't matter', as he reminds us of Emperor Caracella's 268AD reign of insidious taxation and currency debasement that ended in 1000% inflation and the end of the Roman Empire. Well worth the price of admission...

 

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Tue, 02/26/2013 - 21:53 | 3280201 Ahmeexnal
Ahmeexnal's picture

COLLAPSE!
HOPE AND CHANGE!
FORWARD!

Tue, 02/26/2013 - 21:58 | 3280221 NemoDeNovo
NemoDeNovo's picture

MOAR Wars

McDonalds for LIFE

Horse Meat on sale @ Piggly Wiggly

Obama 2016

Tue, 02/26/2013 - 22:23 | 3280334 DJ Happy Ending
DJ Happy Ending's picture

Sounds like the average American's wet dream.

Tue, 02/26/2013 - 23:18 | 3280540 Xibalba
Xibalba's picture

Sounds like the average American politician's wet dream. <------fyp

Wed, 02/27/2013 - 02:07 | 3280897 RockyRacoon
RockyRacoon's picture

Loved the Freudian slip: "After Obama's reign ended..."   (See at the 5:00 minute mark.)

The truth slips out at the most inopportune time.

Just watched Larry Summers on Charlie Rose.  Could hardly keep my dinner down.  Both of 'em need professional help.

Wed, 02/27/2013 - 04:54 | 3281033 Falkor
Falkor's picture

Emperor Obama .. na, Caracella! 

 

LOL

Tue, 02/26/2013 - 21:57 | 3280216 tom a taxpayer
tom a taxpayer's picture

Surf's up! I have a Biderman board.

Tue, 02/26/2013 - 22:33 | 3280375 Ignatius
Ignatius's picture

Hey everybody, party at Biderman's.

 

Tue, 02/26/2013 - 21:57 | 3280218 chump666
chump666's picture

End of the empire?  America is post empire now, with the rest of the world adrift.

Tue, 02/26/2013 - 22:54 | 3280466 Crash Overide
Crash Overide's picture

Rome is burning again...

Tue, 02/26/2013 - 21:59 | 3280228 espirit
espirit's picture

The sequestration bs is just the new normal, a non-event.

Don't let friends drink the koolade.

Tue, 02/26/2013 - 22:00 | 3280235 Cdad
Cdad's picture

Why aren't there more guys like this in the financial services industry?  Everything contained within this particular rant is readily available information.  A dial up connection and a pinch of common sense and...viola...everything he says is OBVIOUS.  

The question, I guess, the important one that is implied but not stated is...WHO BELIEVES ANY OF DC's OR WALL STREET's big ass lie anymore?  Seriously, who is the demographic target for the idea that a 6% cut in discretionary government spending will destroy this so called GREAT RECOVERY?  Why do we even need Biderman here?  Who believes that an $85 billion dollar annual spending reduction matters...while Ben Bernanke is printing that very same dollar amount....every month? 

Damn, these rabbit holes run very deep.

 

Tue, 02/26/2013 - 22:14 | 3280294 kliguy38
kliguy38's picture

You're falling for this game. Don't take it serious....no one on the street does. They know the money boyz are just trying to run out the game enough to clear the table of the last chips before the lights go out. Just a guessing game until the music stops.....enjoy...you aren't going to like it when the music stops either

Tue, 02/26/2013 - 22:48 | 3280441 Cdad
Cdad's picture

Uuummmm...aaaahhhh...I'd be the polar opposite of "falling for this game."  As far as I'm concerned, and with Ben Bernanke's testimony today confirming, the lights are already out.  Now...the market itself...has truly "fallen for this game."  

Not sure what the point of your comment is.

Tue, 02/26/2013 - 22:57 | 3280478 kliguy38
kliguy38's picture

This is a CONfidence game. Biderman played in it for years and now he has a rant? Everyone you listen to on CNBS knows the con is on. None of them believe that Ben's going to nail it. They're trying to keep their jobs. Its called FEAR and its running fast and hard now. The big money is positioning, but anyone with a net worth of less than 5 or 10 mil know they're fucked. Fuck Biderman....he's on the con too.

Tue, 02/26/2013 - 23:20 | 3280555 Haole
Haole's picture

Charlie "I see FacePlant as a $1000 stock someday" Biderman...

What a consummate asshole.

Tue, 02/26/2013 - 23:44 | 3280655 kliguy38
kliguy38's picture

exactly

Wed, 02/27/2013 - 07:24 | 3281125 new game
new game's picture

i look to italy with delite and worry as the banksters(3 card monty) regroup.

they ultimatly have the power of purse.

can this populist movement spread?  anotherwards, people are waking up?

if italy leaves the euro, then hope and change can spread and the bankster rein

can be squestered...

wish/think/wake up and see it NOT happen again>more gold...

Wed, 02/27/2013 - 08:41 | 3281210 StychoKiller
StychoKiller's picture

Um, what is an EBT card holder?  Ignorati for $200, Alex.

"You can't make someone understand something when they're paid NOT to understand it!"

Wed, 02/27/2013 - 11:05 | 3281625 ElvisDog
ElvisDog's picture

You would be surprised (maybe not) how much of the public buys into the housing/auto/recovery meme. I hear it from my well-educated friends and family all the time. I've found it's not even worth questioning their belief system as I get labeled as a "reactionary" or "doom and gloomer". The mainstream financial also completely parrots the party line. Just listen to the Motley Fool podcast every week for an example.

Tue, 02/26/2013 - 22:02 | 3280242 Teamtc321
Teamtc321's picture

Mr. Biderman, I think you are being to nice on how Dr. Krugman is going to be remembered. I would wager to say he may very well  go down in history as being a complete FUCKING IDIOT!!

Tue, 02/26/2013 - 22:12 | 3280281 PersonalRespons...
PersonalResponsibility's picture

For an idiot, I bet he makes a lot of "money".

Tue, 02/26/2013 - 23:49 | 3280665 jerry_theking_lawler
jerry_theking_lawler's picture

nah, i'm thinking more like #247 at the gallows.....

Tue, 02/26/2013 - 22:05 | 3280254 PersonalRespons...
PersonalResponsibility's picture

Best shirt yet!

Tue, 02/26/2013 - 22:08 | 3280259 otto skorzeny
otto skorzeny's picture

why is this fucking yoyo even on ZH?

Tue, 02/26/2013 - 22:34 | 3280383 Charles Nelson ...
Charles Nelson Reilly's picture

Cause he has an incredible radio face

Tue, 02/26/2013 - 22:45 | 3280422 Stanley Lord
Stanley Lord's picture

Exactly, people with short memories forget his cheerleading for the bull market when the bullshit was staring us in the face.

Wed, 02/27/2013 - 01:37 | 3280876 candyman
candyman's picture

Pile on with Rose for keeping those shorts on in '09.

Wed, 02/27/2013 - 02:23 | 3280924 Freddie
Freddie's picture

Biderman, his klan, nor cal bagel munching pals and relatives probably all voted hope and change.  How you like them apples libtards?  Enjoying Hope and Chnage?

Tue, 02/26/2013 - 22:08 | 3280264 MrSteve
MrSteve's picture

so many calls now of the obvious that soon enough folks will realize the scam is a scam and something different next voting day.... you can't fool all the people all the time.

Then what? that's the 64 Trillion dollar question!

Tue, 02/26/2013 - 22:10 | 3280272 q99x2
q99x2's picture

Let me know when Xe demands payment in gold.

Tue, 02/26/2013 - 22:15 | 3280298 magpie
magpie's picture

You'll probably live to see them paid in CAD or AUD i'd wager

Wed, 02/27/2013 - 08:58 | 3281235 espirit
espirit's picture

...Or Yuan backed by GOLD.

Tue, 02/26/2013 - 23:09 | 3280518 boogerbently
boogerbently's picture

Wouldn't there be a HUGE spike in the price of gold immediately preceding THAT transaction?

Wed, 02/27/2013 - 10:22 | 3281502 esum
esum's picture

Academia... new name

 

Tue, 02/26/2013 - 22:12 | 3280282 Hohum
Hohum's picture

What doesn't drive Biderman nuts?  Not that he shouldn't be driven nuts.

Tue, 02/26/2013 - 22:15 | 3280300 Fix It Again Timmy
Fix It Again Timmy's picture

“Every government is run by liars,” independent journalist I.F. Stone observed, “and nothing they say should be believed.”

 

Tue, 02/26/2013 - 22:16 | 3280301 lakecity55
lakecity55's picture

man the whole guvt is infiltrated with reds and mooselams!

Wed, 02/27/2013 - 08:59 | 3281238 espirit
espirit's picture

First the horse jokes, now the "moose" jokes?

Tue, 02/26/2013 - 22:17 | 3280307 j0nx
j0nx's picture

It's harrible! Harrible I say.

Tue, 02/26/2013 - 22:17 | 3280309 nmewn
nmewn's picture

But but but...the prisons will be emptied...teachers will be laid off and raped...David Gregory will smuggle contraband gun parts into DC...granny will be shoved over the cliff...32oz soft drinks will be sold in the streets!...and salt, the mountains of salt flowing across our borders...the seas will rise from this...Air Force One needs engine replacements from the wear & tear...Bush's Fault!...thousands of JDorners, millions of them...children will starve from the lack of USDA approved pink slime...oh god the humanity!!!

Tue, 02/26/2013 - 22:21 | 3280325 otto skorzeny
otto skorzeny's picture

I'd just be happy if they laid off half of the dickhead cops in my town

Tue, 02/26/2013 - 22:35 | 3280386 nmewn
nmewn's picture

Right now, they're probably fearing for their jobs where you are with all this bullshit...which just goes to show everyone how fucking stupid (the majority of) can be. Around here they must have went back and told their sergents people are glaring at them and not in a "nice way"...lol...so they lightened up from what I can tell.

In Florida, it's in the states constitution to balance the budget. Its what they get paid to do first, before anything else.

Its really a remarkable thing ;-)

Tue, 02/26/2013 - 22:59 | 3280485 HoofHearted
HoofHearted's picture

I got this. I can solve all of this. You see, we make a coin out of platinum and we write "$1 trillion, bitchez" on it. We foist this off on whatever dumb ass we can get to buy it. It's going to take one of us who can play poker really well and not snicker as we hand it to Bernanke. Then....oh shit...inflation again. Nevermind.

Tue, 02/26/2013 - 23:11 | 3280526 boogerbently
boogerbently's picture

Nope,

It's air traffic controllers and radiation safety officers....

Wed, 02/27/2013 - 09:52 | 3281395 goldfish1
Tue, 02/26/2013 - 22:26 | 3280346 Pure Evil
Pure Evil's picture

And just think, the TSA will no longer be able to grope and molest children on the same scale as before.

Tue, 02/26/2013 - 22:39 | 3280402 nmewn
nmewn's picture

Its awful...just awful...and to add insult to their injury, all those formally "lost in transit" rings, cameras, bracelets and necklaces will remain with their rightful owners!

Wed, 02/27/2013 - 03:20 | 3280958 Richardk888
Richardk888's picture

The TSA will be forced to do all pat downs without the one pair of blue latex gloves they are issued when they are hired.

Wed, 02/27/2013 - 08:47 | 3281218 StychoKiller
StychoKiller's picture

Shuddap and eat yer horseburger!  (would you like a supersized order of "freedom fries" with that?)

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