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Caption Contest: The Four Horsemen Arrive

Tyler Durden's picture


The four horsemen of the Eurocalypse arrived in Dublin Castle today. If we were the 6 (yes, only 6) tons of official Irish gold holdings, we would be worried. Very worried.

And as a bonus, here is Sudoku Schauble: because forcing sovereign states to sell you their gold at firesale prices is exhausting work.

h/t Ronan


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Fri, 04/12/2013 - 16:01 | 3442491 SilverRhino
SilverRhino's picture

Damn, where's an IRA shooter when you need one? 

Fri, 04/12/2013 - 16:06 | 3442520 ParkAveFlasher
ParkAveFlasher's picture

IRA shooters had kids, who now comprise the largest market in the world for spray-tanning products.

Fri, 04/12/2013 - 16:07 | 3442524 Joe Davola
Joe Davola's picture

Outside of New Jersey.

Fri, 04/12/2013 - 16:10 | 3442533 Pinto Currency
Pinto Currency's picture


Based on their track record of failure and coercion, these rejects should be run out of town.

Fri, 04/12/2013 - 16:14 | 3442566 Dr Paul Krugman
Dr Paul Krugman's picture

At least the don't think gold will save the euro.

How are all the gold bugs feeling now that the price of their precious rock is down $80 on the day?

Fri, 04/12/2013 - 16:15 | 3442572 Spider
Spider's picture

I have a feeling something big will happen this weekend - hence the $80 takedown in gold

Fri, 04/12/2013 - 16:18 | 3442584 Dr Paul Krugman
Dr Paul Krugman's picture


Fri, 04/12/2013 - 16:20 | 3442587 Pinto Currency
Pinto Currency's picture

Krug, a quick education.

Gold is a metal not a rock and it has a 5,000 year history of market choice as money.

Paper fiat money in the West is a 100 year old attempt by governments (and economists) to fight the market.

Game over.

Fri, 04/12/2013 - 16:23 | 3442609 Spider
Spider's picture

Let me add the argument for silver - production costs for 2012 clsoe to $24 per ounce.  Not much further to go before you hit the production cost floor - i'll buy my physical now before the govt confiscates the ETF silver..

Fri, 04/12/2013 - 16:26 | 3442635 Dr Paul Krugman
Dr Paul Krugman's picture


Fri, 04/12/2013 - 16:27 | 3442657 akak
akak's picture


Fri, 04/12/2013 - 16:38 | 3442716 Pinto Currency
Pinto Currency's picture


Like a bolt of lightning, akak you have suddenly clarrified the origin of Obama's economic policy to me.  Thanks!

Fri, 04/12/2013 - 17:04 | 3442885 francis_sawyer
francis_sawyer's picture



'Survey SAID!'...

Fri, 04/12/2013 - 17:20 | 3442962 toys for tits
toys for tits's picture

Why does Dr. Krugman only have sex while lying on his back?






Because he can only fuck up.

Fri, 04/12/2013 - 17:25 | 3442977 JPM Hater001
JPM Hater001's picture

"To the question - Did my stash arrive... according to my iPad not yet."

Fri, 04/12/2013 - 19:12 | 3443287 I am more equal...
I am more equal than others's picture

Caption contest entry:


Are you telling use Dr Paul Krugman is a founding member of NAMBL?

Fri, 04/12/2013 - 19:48 | 3443397 Supernova Born
Supernova Born's picture

Krug, they kept quoting you on Bloomberg Europe last night:

The Internet's impact on the economy will be no greater than the fax machine's. Krug 1998


Fri, 04/12/2013 - 20:15 | 3443485 smlbizman
smlbizman's picture

its just not funny anymore....

Fri, 04/12/2013 - 18:20 | 3443134 prains
prains's picture

Boom !

Fri, 04/12/2013 - 16:31 | 3442688 ghandi
ghandi's picture

Suck on dem nutz good, boy!

Fri, 04/12/2013 - 18:22 | 3443137 prains
prains's picture

Is this the new cast for Monty Python ??

Fri, 04/12/2013 - 23:05 | 3443926 monad
monad's picture

These are the cauc finalists for Upper Class Twit of the Year.

Fri, 04/12/2013 - 16:48 | 3442726 THE DORK OF CORK
THE DORK OF CORK's picture

Doom depends on where you live I guess.


If you live on a island in this currency union .....................well you are dead meat.


Extraction is so easy.

As our former late finance minister said before he checked out after doing his duty.

"We are a island." (he had keen powers of observation)


This is Irish & Scottish clearance like stuff.

We have seen this movie before and I am afraid its the same banks really.


They wish to drive these islands into extreme surplus so that they can eat all the  pies.

Its how England became the first Industrial giant .....remember ?


The gold is flowing to England again.

The physical trade in goods data is pointing  , no screaming in that direction.


The EU is not what it seems.

Fri, 04/12/2013 - 17:15 | 3442889 JonNadler
JonNadler's picture

 Jon Nadler

 Paul Krugman


best troll?



Fri, 04/12/2013 - 17:14 | 3442934 Pinto Currency
Pinto Currency's picture


Krug - you are very helpful in drawing out facts.  Please keep up the trolling work, so much information would remain lost in the noise without you.

Fri, 04/12/2013 - 18:04 | 3443091 monad
monad's picture

The EU seems like the Norman conquest. except the Normans got to Ireland last and Islam wasn't waiting for sloppy seconds.

Fri, 04/12/2013 - 18:39 | 3443200 THE DORK OF CORK
THE DORK OF CORK's picture


It more of a Tudor thingy.

Fri, 04/12/2013 - 23:00 | 3443914 monad
monad's picture

Then your best option is to knock up all their wives & daughters.

Fri, 04/12/2013 - 20:33 | 3443539 WhiteNight123129
WhiteNight123129's picture

The Gold price manipulation has been documented in 1965, in 1917, in 1933 in the 1970s and in China Silver before the monetary reform of 1935.

Do not ask me to put the records on because you are going to get wacked in shame publicly on that blog.

I am not sure Gold is manipulated rather than following both the hard and soft commodity recent plunge.

But if I were you I would not bet that Keynesianism miracle of the UK post world war II does not have the same consequence in the US then in Britain.

You know very well what monetary base expansion does in the long run, so due Kenneth Rogoff.

The only reason that we have not much inflation is because credit contracts while money expands, one offsetting the other. There are two means of payment credit and money. If we were in Gold standard and if base money was not expandable we would have a huuuuugge price plunge.




Fri, 04/12/2013 - 16:22 | 3442610 NotApplicable
NotApplicable's picture

Stop that!

Why do you people constantly engage with the fucking trolls? Which part of lose-lose do you not understand?

You know, it's not so much that trolls ruin threads, but those who insist upon empowering them.

Oh... never mind, I'll just leave now. Feed the trolls till your blood boils if it makes you feel better (which it won't).

Fri, 04/12/2013 - 16:26 | 3442644 Dr Paul Krugman
Dr Paul Krugman's picture

And you having nothing better to do than be power hungry and tell everybody what to do and how to think.

Fri, 04/12/2013 - 16:32 | 3442683 11b40
11b40's picture

As I used to hear in the school takes one to know one, and you ought to know.

Fri, 04/12/2013 - 16:30 | 3442691 ghandi
ghandi's picture

Oh yeah, lick 'em there!

Fri, 04/12/2013 - 17:32 | 3443004 NoDebt
NoDebt's picture

Are the Hedgies starting to get to you, Fake Doc?  Is that a bit of anger I hear in your typing? 

Fri, 04/12/2013 - 19:26 | 3443329 Kirk2NCC1701
Kirk2NCC1701's picture

You slippery eel, you.  You cherry-pick your talking points (like any good PR agent or politician), but avoid answering REAL questions.  E.g. in a prior posting about the Tunnel People, you stated something about job training & creation.

1. Some of these already had all the education & training at their last jobs, before the likes of Romney dumped them, and health care costs and foreclosures ruined them.

2. I told you in response that, given today's tech, machines and computers, we really do NOT need as many people to maintain the productivity & lifestyle for the rest.

I'd like an answer please.  Don't make me beg, Paul!  Or I'll sick Sulu on your butt.  And he'd do it too.  ;-)

Fri, 04/12/2013 - 16:59 | 3442856 Temporalist
Temporalist's picture

Funny you accuse me of being emotional and you're going off in every article.  I was mocking someone at least.  I love the trolls.  They are my pets.  If I don't feed them they will find another owner and I can't have that.  I especially like the trolls that post links to websites in small obscure countries because I couldn't figure out not to click on them beforehand.  And I like that the special trolls open accounts and wait a long time and post infrequently to remain stealthy but I know who they are and they will be my pet too.

Fri, 04/12/2013 - 18:24 | 3443146 toady
toady's picture

I'm with you, but not for the same reasons. I actually hate the trolls that do what you say you like.

I'm partial to the high quality troll here on ZH. They provide the counterpoint to what can become too much gold, guns, republican glad handing.

But they have to be sharp, be able to do point/counter point or put out a ridiculous manifesto and walk away. When it degrades to one word responses like the 'doom' above it's just tiresome.

Fri, 04/12/2013 - 16:22 | 3442615 SilverIsKing
SilverIsKing's picture

"Just a little bit more and we'll be at our buy price."

Fri, 04/12/2013 - 16:34 | 3442702 The Heart
The Heart's picture

"Gold is a metal not a rock and it has a 5,000 year history of market choice as money."

Off the wall vision number 382,678,084.5:

Everybody trades with rocks, therefore everybody has plenty of riches, or that which they call valuable. Lots of rocks everywhere for everyone...carry all you want. Barter is the economy, trades and hands are at work, Truth and Justice it's Siamese-twin brothers stand by all sides. No paper butt to wipe with please.

Back to the game at hand.

Fri, 04/12/2013 - 17:13 | 3442926 justinius1969
justinius1969's picture

it can stll go down my friend.. reverse your truck when it sells off to $1000

Fri, 04/12/2013 - 16:25 | 3442613 scatterbrains
scatterbrains's picture

speaking of doom there's something strange about this market.  I'm staring and staring and don't know what to make of it.  Would appreciate your expertise in helping me understand this..


Fri, 04/12/2013 - 16:40 | 3442740 The Heart
The Heart's picture

"Would appreciate your expertise in helping me understand this.."

Answer: Chaos ala Orwell and nutzy money god puppetmasters gone out of control.

2+2=*246,847,80,2,5689,23-43,07.96,89374,5.568,33.999 Euros.

Eazy peazy.

Fri, 04/12/2013 - 16:50 | 3442814 Svendblaaskaeg
Svendblaaskaeg's picture

Alfred Nobel:"Kaboom!"

Fri, 04/12/2013 - 19:17 | 3443296 silverserfer
silverserfer's picture


Fri, 04/12/2013 - 16:18 | 3442585 Pinto Currency
Pinto Currency's picture


Fri, 04/12/2013 - 16:22 | 3442603 Dr Paul Krugman
Dr Paul Krugman's picture

You gold bugs and bitcoiners will have to keep telling yourselves how smart you are because there is no rationale other than your fear of the future holding together your theories.

And as for the last hundred years vs the thousands before them, if you want to go back to a gold standard you forget it was the last hundred years that created the middle class.

Fri, 04/12/2013 - 16:24 | 3442628 Pinto Currency
Pinto Currency's picture


With people like yourself and Mr. Gideon Gono advocating printing trillions of dollars of debt money to solve a debt problem, we should be worried - and the gold is moving rapidly.  Just watch.

Fri, 04/12/2013 - 16:28 | 3442665 Dr Paul Krugman
Dr Paul Krugman's picture

I don't advocate a liquidity trap - I advocate stimulus and job programs.

Fri, 04/12/2013 - 16:33 | 3442695 ghandi
ghandi's picture

I'm going download my liquidity all on your ugly face!

Fri, 04/12/2013 - 16:38 | 3442732 Pinto Currency
Pinto Currency's picture


Krug - yes and your policy has failed.

Double down?


Fri, 04/12/2013 - 17:26 | 3442973 toys for tits
toys for tits's picture

Dr. Krugman,

You advocated an idea so stupid that the government, which normally likes stupid ideas, had to come out and disavow it.

Or has everyone forgotton the TDC?

Fri, 04/12/2013 - 17:45 | 3443040 venturen
venturen's picture

failed for who? Blankfeld just got a 75% increse in pay? Jame Dimon and Jon Corzine aren't in JAIL! The banks have minted money for 5 years after imploding the system....Failed for who? I don't care that in the last decade your child's debt to society has tripled and the liberal cabal has them on the hook for $200000 in student loans @ 6%...and their individual unfunded liability is over million dollars add growing or that housing is at record prices...while their potential wage is the same as someone in 1980!

Fri, 04/12/2013 - 16:35 | 3442709 vulcanraven
vulcanraven's picture

Advocate all you want, there is no fucking industry left in America.


Fri, 04/12/2013 - 16:50 | 3442827 Pairadimes
Pairadimes's picture

Interference in the economy by central authorities (Read Fed, a stunning array of regulatory bureaucracies, suffocating federal policy, etc.) is why we are in the shape we are in right now. We do not need more intervention. We need to unwind the stultifying amount of intervention that has dragged us to our knees. This is so simple that a Ph.D. cannot see it.

Your entire career has become a form of cargo cult science, and the programs you advocate are just like the bamboo earphones and stone radios the polynesian natives fashioned in their bid to summon the gods of the U.S. military air transport back to their islands.

Fri, 04/12/2013 - 17:06 | 3442904 The Heart
The Heart's picture


Real intelligence shines the Light!

Tears for truth spoken well.

Shall we gather at the rivvvverrrrrr....

Fri, 04/12/2013 - 17:53 | 3443063 steve from virginia
steve from virginia's picture




It does not matter what the managers attempt, all will fail.


There is to be no recovery regardless of whatever policy is exercised: gold specie, an end to central banking, the execution of Wall Street executives, the reduction of the government to a size that will fit into a bathtub ... and its drowning ... nothing will make any difference.


There are insufficient resources to support any return to the wastefulness of the past, only increasingly futile attempts which make matters worse. No way out of this ... only small decisions about what to sacrifice ... or not. If sacrifices are not chosen they are imposed.


You have been warned ...

Fri, 04/12/2013 - 18:28 | 3443159 akak
akak's picture

Thanks Mako.

Fri, 04/12/2013 - 19:20 | 3443303 silverserfer
silverserfer's picture

Krug advocates thru his bearded man clam

Sat, 04/13/2013 - 14:24 | 3444882 dogbreath
dogbreath's picture

And you will be a permanent taxpayer funded employee in the propaganda department.   

Fri, 04/12/2013 - 16:24 | 3442630 Northeaster
Northeaster's picture

"the last hundred years that created the middle class."

The driver of that middle-class has left the building:

Fri, 04/12/2013 - 16:25 | 3442636 eclectic syncretist
eclectic syncretist's picture

We will be going to a sounder currency than what we have at the moment.  It may not be gold-backed, but at this rate of economic destruction by the Federal Reserve and associated banksters, along with impossible political promises, fiat is already doomed, much like your legacy LOL!

Fri, 04/12/2013 - 16:30 | 3442690 Dr Paul Krugman
Dr Paul Krugman's picture

Inflation is low, gold is dropping like a rock, and you speak of destruction. You are frightened and have the wrong solutions.

Fri, 04/12/2013 - 16:33 | 3442698 ghandi
ghandi's picture

Oh Gawd, here it comes!

Fri, 04/12/2013 - 17:41 | 3443034 donsluck
donsluck's picture

Hmm, "inflation" is low, gold is dropping as it should in a rolling banking crises. Your response will be what drives it back up. I am not frightened.

Fri, 04/12/2013 - 16:26 | 3442637 SilverIsKing
SilverIsKing's picture

What class existed before that?

Fri, 04/12/2013 - 16:33 | 3442697 Dr Paul Krugman
Dr Paul Krugman's picture

A peasant class. If you wish to return to that, reissue a gold standard.

Fri, 04/12/2013 - 16:34 | 3442703 ghandi
ghandi's picture



Thats what I like about you peasents!

Fri, 04/12/2013 - 18:02 | 3443084 steve from virginia
steve from virginia's picture



I like a gold standard. Hard currency = conservation by other means. The sooner there is a gold standard the sooner all those automobiles become so much scrap metal.


Nobody will trade good (gold) money for gasoline that is simply wasted.


I also like what's underway right now: repricing of dollar by way of 'industrial' inputs. Notice Brent crude is also down 2% ... meaning the dollar is worth more, Rather than being a proxy for the waste of fuel, the dollar is becoming a proxy for fuel itself! Once this transformation is complete, the dollar will become a super-hard currency ... conservation by other means. The sooner there is a petroleum standard the sooner all those automobiles become so much scrap metal.


A no-lose situation! The establishment is freaking out ... in the process doing all the hard work for ... the rest of life on Planet Earth. The cauliflower plant thanks you!

Fri, 04/12/2013 - 18:02 | 3443088 Simplifiedfrisbee
Simplifiedfrisbee's picture

Only a fool is amused by his own folly and only a wicked man believes in deception and thievery. I would love to return to churning my own butter(I can do that now), drinking FRESH water, walking to a natural occurring river with healthy fish, and allowing to raise a family under the God given, unalienable rights bestowed to all. The likes of you could gather your heathens and attempt to devise strategies to steal my labor in the form of taxes, force, and coercion but I believe the time arrives for us all so let it be what is decided. Under this premise, people like you would be what you are: flaky and greasy toe jam crumbs. Truth is, we can't go back in time so I'm moving forward and the time awaiting is inevitable to not accept. If your decisions keep your defenses high and your fear near, then the people who are prudent and stand for virtuous values are your demise. These people are the only people with the abilities to lead a nation, not the barnacle attached at the hip who has no understanding of letting go to the Keynesian hand that feeds.

Fri, 04/12/2013 - 16:29 | 3442654 Doomer
Doomer's picture

Given what has happened over the last five years, fear of the future is VERY rational.

Fri, 04/12/2013 - 16:41 | 3442753 Dr Paul Krugman
Dr Paul Krugman's picture


Fri, 04/12/2013 - 16:42 | 3442765 David449420
David449420's picture

Whoever you really are, at some point you are going to HAVE to ask yourself:  How much longer can the psychopath & sycophants running things keep this together. I mean, you are capable of composing a coherent sentence so you're not a complete idiot.  The mathematics alone are compelling.  How can you pretend that you don't see this? Those that try to protect themselves with precious metals and/or are investigating new  uncounterfeitable digital currency  are NOT wrong because they are seeking alternatives.  Wake up.

Fri, 04/12/2013 - 16:33 | 3442700 resurger
resurger's picture


Iam are not a bitcoiner*


Fri, 04/12/2013 - 16:47 | 3442804 Dr Paul Krugman
Dr Paul Krugman's picture

No, just a bug.

Fri, 04/12/2013 - 18:08 | 3443103 steve from virginia
steve from virginia's picture




The fake 'Dr Paul Krugman' is the only real character on ZeroHedge, against a backdrop of cardboard cutouts ... hate-filled rednecks and goose-stepping Nazis ... wrapped up in 'freedom' and ' patriotism'.


Life imitates art ...

Fri, 04/12/2013 - 18:29 | 3443166 akak
akak's picture

Into which cardboard-cutout characterization do you fall then?

Sat, 04/13/2013 - 03:47 | 3444170 Poor Grogman
Poor Grogman's picture

How did you know I was a cardboard cut out?

Fri, 04/12/2013 - 16:35 | 3442710 Pairadimes
Pairadimes's picture

What were we thinking? You are absolutely right. Clearly, everything was finally fixed today. We can look forward to immediate positive spikes in employment, consumer confidence, durable goods, etc. and a rapidly normalizing market-based cost of money now that the Fed can back out. After all, the gold price change today clearly signals major structural improvements and has absolutely nothing at all to do with the silly news that the ECB has ordered Cyprus to dump almost all of their bullion, or that the credibility of gold ETFs is on life support.

Sure glad we have an economist amongst us, or we might really do something stupid like yearn for the days when banks actually loaned money or innovation produced a higher ROI than lobbying. Whew.

Fri, 04/12/2013 - 16:42 | 3442760 Dr Paul Krugman
Dr Paul Krugman's picture

My solutions are pragmatic, yours are selfish.

Fri, 04/12/2013 - 17:03 | 3442875 Pairadimes
Pairadimes's picture

Riiiiggghhhtttt. Your ideas are born of a mind that has chosen to believe that freedom is not for everybody. You are unwilling to believe in big ideas not already safely sanctioned by ideologically compatible others. You confine your thoughts to a narrow range of responses to a set of circumstances that better men would realize should not be allowed to stand. You are a collectivist. It is inherent in the nature of a collectivist to assume that individuals are selfish. That betrays your distrust in freedom and your lack of vision.

Fri, 04/12/2013 - 22:13 | 3443811 palmereldritch
palmereldritch's picture

Pragmatism is the selfish delusion that one is fair and objective by that action

Fri, 04/12/2013 - 16:42 | 3442759 David449420
David449420's picture

Whoever you really are, at some point you are going to HAVE to ask yourself:  How much longer can the psychopath & sycophants running things keep this together. I mean, you are capable of composing a coherent sentence so you're not a complete idiot.  The mathematics alone are compelling.  How can you pretend that you don't see this? Those that try to protect themselves with precious metals and/or are investigating new  uncounterfeitable digital currency  are NOT wrong because they are seeking alternatives.  Wake up.

Fri, 04/12/2013 - 16:45 | 3442790 Dr Paul Krugman
Dr Paul Krugman's picture

You think there is a depression, I agree, but if you think clutching rocks while economies of scale collapse, you are wrong. We need to support each other; we need to support the economy.

We do this by creating jobs and creating growth opportunities. This is monetary and fiscal policy used correctly.

Fri, 04/12/2013 - 19:41 | 3443374 Cazzi amari
Cazzi amari's picture

Your so well posed demeanor makes me nauseous...but I must give it to you, you know the

system is done and you so wisely chose to frequent ZH hoping to find a solution...admirable!

Fri, 04/12/2013 - 19:57 | 3443410 David449420
David449420's picture

Supporting this current paradigm would be unacceptable to any rational person.  Can't you see that? (Actually, I KNOW that you can.) You may have assumed that pseudonym with your tongue in your cheek, but I'm certain you're starting to see that this is not something actually sustainable (or all that much fun for you any more, I'm sure),  .  Your arguments are become weaker and weaker each and every day.  Why do I say that? Because the current direction of those that are calling the direction that we are going is less and less rational every day.  Stop being a shill for the enemies of good People .  Those that see and oppose the current (evil, unsustainable) order are not bad people just because they see and are starting to try  to oppose this.  Wake up and join us.  We can make a Better future.

Sat, 04/13/2013 - 14:32 | 3444899 dogbreath
dogbreath's picture

You always sound good in theory.  You believe you can manipulate reality and accomplish unnatural outcomes.  

Fri, 04/12/2013 - 17:01 | 3442867 The Heart
The Heart's picture

Hello who-ever-you-are, more from someone you do not know.

You sed:

"...because there is no rationale other than your fear of the future holding together your theories."

Dear who-ever-you-are, what rationale does one need when considering the real fact that there is more and more radiation spewing and bio-accumulating in everything PLANET-WIDE from fukushma AND, a host of other very hot areas of the west that ALL blow their nasty hot dust storms eastward as planned to do, to THEORIZE about? The mere facts alone point directly to any third grader's sense of truth, there is no theorizing necessary at all. The history of what happens to civilizations and environments that are purposely destroyed with consciousness is already plain as day, and fear is replaced with facts. Not much of a future for any of the biological life forms of the planet Earth as the continuation of this radiation keeps spewing it's deadliness unabated. Bet ya a million kazillion quintillian nintillian reptillian pieces of paper that say dollar on them that in ten years most of us including you will not be here in a life-form, in the hopes and spirit of course, that this is a losing bet.

Justs a few thots, not arrows to the heart you are.


Fri, 04/12/2013 - 19:30 | 3443341 Kirk2NCC1701
Kirk2NCC1701's picture

Paul, let's not be TOTALLY disingenuous, shall we?  We both know that the Fed & Friends (Club Fed of CB's) can't and won't allow any threats or competition to its fiat.  In this case:  Gold and BTC.

So you pump & dump.  How predictable.  But unsustainable, cause neither is going away, and both will outlive your dying fiat.  Short of having WW3.

Fri, 04/12/2013 - 20:57 | 3443625 piliage
piliage's picture

Facinating. I always assumed it was the depression clearing out bubble inflated asset prices of the 20s followed by the post war technology boom and US reconstruction of Europe and Japan (all under the gold standard) that led to the growing middle class.

It didn't hurt that the US and Russia destroyed all of the comptetitions ability to compete economically and then Russia removed itself from direct competition.

Of course, why am I arguing with a troll? Sport I guess...


Fri, 04/12/2013 - 16:15 | 3442574 Dr. Richard Head
Dr. Richard Head's picture

Much better thanks.  Today was payday, so I can grab a couple of extra.  Thanks for the help cock-gobbler.

Fri, 04/12/2013 - 16:25 | 3442623 Dr Paul Krugman
Dr Paul Krugman's picture

Gold bugs and bitcoiners, you were wrong, and I was right.

Fri, 04/12/2013 - 16:26 | 3442643 eclectic syncretist
eclectic syncretist's picture

Every dog has his day, but this race if far from over.  And in case you didn't know it, we say when it's over, not you fuckwit.

Fri, 04/12/2013 - 16:35 | 3442715 Dr Paul Krugman
Dr Paul Krugman's picture

Gold is a fear trade and nothing else.

Fri, 04/12/2013 - 17:30 | 3442994 toys for tits
toys for tits's picture

Are the central banks around the world fearful? Is that why they're buying gold by the 100's of tonnes?

Fri, 04/12/2013 - 17:40 | 3443022 thisandthat
thisandthat's picture

Speak for yourself, "Dr." Crookman... I actually have gold since I was too young to even remember myself...

Fri, 04/12/2013 - 19:34 | 3443352 Kirk2NCC1701
Kirk2NCC1701's picture

Krugman:  "Gold is a fear trade and nothing else."

"The FRN is a fear trade and nothing else."  there, fixed it. 

The FRN is a counterfeit money operation, backed by the US Army, not the will of We The People.

Fri, 04/12/2013 - 16:28 | 3442651 ParkAveFlasher
ParkAveFlasher's picture

Why didn't Draghi want Cyprus' debt, Paul Krugman?  Mortgages, business loans, etc.  I thought debt was an asset, and gold on deposit a liability?

Fri, 04/12/2013 - 16:36 | 3442729 Dr Paul Krugman
Dr Paul Krugman's picture

Draghi doesn't want the gold, he wants them to sell it to finance their loan.

Fri, 04/12/2013 - 16:46 | 3442800 ParkAveFlasher
ParkAveFlasher's picture

Why can't they sell their debt, Paul Krugman?  Debt is a productive asset, is it not?

Sell the gold to who, Paul Krugman?

Fri, 04/12/2013 - 16:49 | 3442811 Dr Paul Krugman
Dr Paul Krugman's picture

They do sell debt. The debt is in the form of bonds.

Fri, 04/12/2013 - 17:00 | 3442861 ParkAveFlasher
ParkAveFlasher's picture

Then why didn't Draghi require a bond auction to raise funds?  Is not banking on Cyprus a profitable activity, is not the world ebullient with financial prosperity except for the doomers and those that lust for gold?

Fri, 04/12/2013 - 19:39 | 3443363 Kirk2NCC1701
Kirk2NCC1701's picture

Sell the gold to whom?  You, me?  Or some crypto-private entity (JPM, GS, BOI)?  Or to the WB/IMF to back SDRs?  It certainly won't go to the Russians or Chinese, so that they can kill the USD and back their money with gold!


Fri, 04/12/2013 - 16:30 | 3442675 akak
akak's picture

You have never been right.  Ever.

Fri, 04/12/2013 - 16:38 | 3442736 Dr Paul Krugman
Dr Paul Krugman's picture

Gold is in a bear market now.

Me - right.

Fri, 04/12/2013 - 16:41 | 3442762 McMolotov
McMolotov's picture

I still think it's amusing that you, the Paulie "Special K" Krugman troll, take time out of your busy schedule to post comments on the very same internet you once predicted would have no more impact on the economy than the fax machine.

Fri, 04/12/2013 - 19:44 | 3443382 Kirk2NCC1701
Kirk2NCC1701's picture

'Market'?  What 'market'?  You mean the one at Ponzi Plaza 1, on Wall St?  Where nothing is real, and almost everything is manipulated -- like old East German finance books?

Fri, 04/12/2013 - 16:29 | 3442676 ghandi
ghandi's picture

I already told you!


Suck on these bald, hungry nutz!


Cryin' like a bitch.


I would tell you to get laid, but everyone knows you'll always be a virgin.

Fri, 04/12/2013 - 16:28 | 3442649 ZackAttack3
ZackAttack3's picture

You mean paper gold is down $80.  Knowledgable peole buy and hold for the long term future.  GLD is nothing but a name and number on a (smoke) screen. 

Fri, 04/12/2013 - 16:39 | 3442745 Dr Paul Krugman
Dr Paul Krugman's picture

Conspiracy theories abound!


Fri, 04/12/2013 - 17:05 | 3442890 johny2
johny2's picture

it is a bargain shopping time!

Fri, 04/12/2013 - 16:34 | 3442708 Clayton Bigsby
Clayton Bigsby's picture

BTFD muthafucka - that's how I feel - Wu-Tang!

Fri, 04/12/2013 - 16:50 | 3442826 Silverhog
Silverhog's picture

Gold's drop, that's nothing compared to what's coming to the mother of all bubbles....

Fri, 04/12/2013 - 16:55 | 3442845 DawgAss
DawgAss's picture


Fri, 04/12/2013 - 17:22 | 3442965 thisandthat
thisandthat's picture

"They" actually do, you ignorant asshat - that's why they hold non-inconsiderable amounts of it and couldn't just sell it off just like that, even if they wanted to...

Btw, don't know about anyone else, but, personally, I feel happy for all the chinese, russians, indians, and asians in general - lots of toilet paper flooding western markets today, I'm more than certain...

Fri, 04/12/2013 - 18:27 | 3443154 css1971
css1971's picture

I'm thinking it stll buys the same amount of food and energy it did yesterday... So, pretty good about it actually.

Fri, 04/12/2013 - 20:07 | 3443451 Abi Normal
Abi Normal's picture

Hey Krudman, how do you feel about the rock you crawl out from under?  You worm...statist piece of trash, communist to the gills you are!  I hope all that money Ben is printing flies up your posterior and causes you great constipation!

Fri, 04/12/2013 - 20:36 | 3443547 WhiteNight123129
WhiteNight123129's picture

Nothing can save the Euro.It is doomed to fail, the choice is if it fails in the long run after an agonizing German boot on the face of Southern Europe, or if we have a short term fail and everyone goes back to its own central bank policy.



Fri, 04/12/2013 - 16:16 | 3442582 macholatte
macholatte's picture

Based on their track record of failure and coercion, these rejects should be run out of town.


Not if they work for you. In that case, they've done a sterling job, based on their track record of coercing sheep into the slaughter house so TPTB can feed on them.  You really do have to admit that the elites are dong a masterful job. Except for some infrequent threats, which the Gestapo takes care of, not s scratch on any of them. Just a few of sheeple committing suicide here and there.


If you want a vision of the future, imagine a boot stamping on a human face - forever.

George Orwell

People who bite the hand that feeds them usually lick the boot that kicks them.

Eric Hoffer



Fri, 04/12/2013 - 16:39 | 3442725 bank guy in Brussels
bank guy in Brussels's picture

Statement of the 4 EU Economic officials to the people of Ireland, delivered at Dublin Castle, April 2013:

« We know you Irish have still not gotten rid of the British occupation in the North of Ireland, even though it is almost 100 years since your Easter uprising revolution with the great Irish revolutionary Michael Collins ...

And seeing the Irish acceptance for foreign occupation by foreign forces of military thugs, torturers and murderers ...

And given that the UK itself may start breaking up into smaller pieces with Scotland perhaps soon leaving the UK, and the UK itself leaving the EU as well as Northern Ireland ... potentially leaving Ireland without a foreign occupier ...

We at the EU and Troika are here to see that the Irish remain 'occupied' by foreign forces, who are guaranteed to economically rape Ireland, with vigour that is at least equal to Britain's past 'divide and dominate' strategy, London having continued to hold the wealthier, industrialised North of Ireland, leaving southern Ireland impoverished for decades despite the great success of Michael Collins in the 1916-1921 Irish rebellion.

To prove our seriousness, we are here with representatives of all three major Eurozone AAA 'boss' countries, who are trying to dominate all the rest of Europe by enslaving them to a dysfunctional destructive currency.

Germany, Finland, and the Netherlands are all here to survey the Irish territory they seek to dominate, with Dutch boy Dijsselbloem even wearing a green tie to show how eager he is to seize customer banking deposits in Ireland.

And of course we have Mr Euro himself, Mario Draghi of the ECB, who is fully prepared to commit acts of extortion against Ireland, ready to 'pull the plug' and shut down all ATMs and money payments inside Ireland, whenever the Irish balk or hesitate at turning over assets or customer account funds etc.

We look forward to Ireland's submission to the EU and Troika, quite as Ireland submitted to the British still holding the richer one-fourth of Ireland for nearly 100 years, despite the Irish rebellion for which so many Irish heroes gave their lives after Easter 1916.

(From left to right in photo above:
Olli Rehn - EU Commissioner for Economy and Monetary Affairs, from Finland
Jeroen Dijsselbloem, chair of the Eurogroup of Eurozone Finance Ministers, from the Netherlands
Mario Draghi, President of the European Central Bank, from Italy
Klas Regling, Managing Director of the European Stability Mechanism / EFSF, from Germany)

Fri, 04/12/2013 - 17:17 | 3442950 The Heart
The Heart's picture

Fn' A+, eh!

Outstanding hoo-ya-too-Yah!!



Fri, 04/12/2013 - 19:51 | 3443301 Winston Churchill
Winston Churchill's picture

I hope the Irish currently  have a better and brighter negotiator than Collins.

He looked impressive, but was dumb as a bag of rocks.The British pols totally

outwitted him..No effort required.

Fri, 04/12/2013 - 20:06 | 3443447 Kirk2NCC1701
Kirk2NCC1701's picture

Not that I put much stock in the Organized Ponzi & Superstition called "Religion", but...

Christianity -- and especially the Catholic kind -- has taught & bred humans to become mere "sheep".  The only exceptions that I respect (but don't subscribe to) are the Mormons and Jews.  Both of these cultures are smart and honest enough to admit that money is not sinful or bad, and quite the opposite.  And in the case of the Jews, I've got to admit that the fuckers* truly have the relentless mindset of Winners & Rulers. 

Wish that some other cultures -- in this case the Irish -- had these attributes also, since they live in a so-called "Christian" (ROTFL) nation.  Fucking pussies!  U2 and Guiness will make them comfortably numb.

p.s. I'm not saying these things to be nasty or hurtful, but to hopefully get some people over there honest and angry enough, so they'll channel that anger and shout out their window: "I'm mad as hell, and I'm not taking it any more!  I'm mad as hell and...". 

Maybe something will happen then.  I hope.

* Used as a colorful filler for an adjective in spoke conversation -- which I'm sure the IQ>105 ppl have figured out.

Fri, 04/12/2013 - 20:56 | 3443615 Pseudo Anonym
Pseudo Anonym's picture

i dont consider this statement accurate

in the case of the Jews, I've got to admit that the fuckers* truly have the relentless mindset of Winners & Rulers

imo, the true jews are scapegoats, dont comprehend that they are scapegoats and let themselves be used like sheep.  i presume, by the statement above, you meant a particular class of jews (most likely zionist crypto jews) such as  hofjuden and shtadlans who throughout history used and betrayed jews.  jews in general suffer and will suffer, unfortunately, for  crimes committed by hofjuden and shtadlans. 

Fri, 04/12/2013 - 16:09 | 3442534 imaginalis
imaginalis's picture

And the former executive lounge at Countywide

Fri, 04/12/2013 - 16:08 | 3442522 Manthong
Manthong's picture

Demand your gold back.

Fri, 04/12/2013 - 16:25 | 3442622 The Heart
The Heart's picture

"Demand your gold back."

Everybody wants their gold back.

Holy smokes!

And how about that metals crash Friday...the new pattern.

Oil too.

Hot dog, BTFD!!! (But wait, when will the dip bottom out?)

Does this mean, the gas prices will go down so America can begin to revitalize by inspiring tourism again, and there will be tons of cheap gold and silver available during the crash?

Does anyone remember, tourism? Oh yeah, the chinese/russians are the only ones that can afford to drive across the whole country in less than 48 hours when they come to conquer it. Shucks, forgot that like racers, they might be lined up on both north and south borders now ready to spring after the false flag event martial law to cover up the dead crashed banks that caused it all happen. War on terror. War on poverty. War on drugs. Wars of aggression. Wars for the dollar. War on is the new NDAA battleground chaos the the oder comes from. us after all the kids are done playing in the yard so we can go out to clean it all up in a few hundred million years.

Time out.

Fri, 04/12/2013 - 18:20 | 3443135 steve from virginia
steve from virginia's picture



The reason oil prices are lower is because the customers -- everywhere in the world -- are going broke and cannot borrow any more. As more people go broke, the lower the oil price declines.


When price declines enough there will be no more oil on the market as it will cost too much ... more than what impoverished customers can borrow. This dynamic is underway right now, right under the analysts' noses.


Be careful of what you wish for because you will indeed get it ... right up the good ol' bung-hole.

Fri, 04/12/2013 - 19:49 | 3443398 tom a taxpayer
tom a taxpayer's picture

KerryGold Irish butter. 100% pure. You can eat this gold.

Fri, 04/12/2013 - 16:11 | 3442541 Peter Pan
Peter Pan's picture

That is the easy way. I would much prefer to have them live on food stamps or perhaps on the front line in Iraq or in stocks near the Statue of Liberty.

Fri, 04/12/2013 - 16:24 | 3442634 williambanzai7
williambanzai7's picture


Fri, 04/12/2013 - 16:35 | 3442723 Agent P
Agent P's picture

Wrong gender, I'm guessing.

Fri, 04/12/2013 - 16:48 | 3442810 ParkAveFlasher
ParkAveFlasher's picture

You know that cat likes the leather, now-I-shit-in-your-mouth types.

Fri, 04/12/2013 - 16:46 | 3442798 LMAO
LMAO's picture

....dzjees Banzai, I was expecting a Sudoku from you.............One square only

Fri, 04/12/2013 - 19:47 | 3443393 Kirk2NCC1701
Kirk2NCC1701's picture

Newsflash:  The Game's up.  TITS UP!

Fri, 04/12/2013 - 21:12 | 3443673 Jam Akin
Jam Akin's picture

"Please to help me with my rooksack..."

Fri, 04/12/2013 - 17:13 | 3442933 justinius1969
justinius1969's picture

"kill them ye cunt ye"... if only

Fri, 04/12/2013 - 18:12 | 3443111 Banksters
Banksters's picture

With so many assholes, shit doesn't know where to come out.

Sat, 04/13/2013 - 14:42 | 3444921 rotagen
rotagen's picture

4 pitiful Washed Out Brain-dead puppet clowns.

Fri, 04/12/2013 - 16:02 | 3442493 Tinky
Tinky's picture

Brilliant, tough-minded men, making tough decisions.


Fri, 04/12/2013 - 16:09 | 3442536 ghandi
ghandi's picture

...while getting blown by lady liberty under the table...

Fri, 04/12/2013 - 16:18 | 3442592 McMolotov
McMolotov's picture

"The four God-Kings of Euroland, weary from their travels, prepare for a weekend feast by viewing a parade of small Irish children, among whom several will be chosen to serve as tribute in the form of stew."

Fri, 04/12/2013 - 17:38 | 3443018 Pseudo Anonym
Pseudo Anonym's picture

tribute to lucifer from, aaah, i'm drawing a blank here

Fri, 04/12/2013 - 16:03 | 3442494 fuu
fuu's picture

Dammit I said infant tar-tar for lunch.

Fri, 04/12/2013 - 16:02 | 3442496 buzzsaw99
buzzsaw99's picture

I wouldn't give those maggots the shweat off my nuptials bitchez.

Fri, 04/12/2013 - 16:06 | 3442503 Mae Kadoodie
Mae Kadoodie's picture

All four Moar & Moar four all.

Fri, 04/12/2013 - 16:05 | 3442504 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

You know, I was just reading an old essay by Swift and ...

Fri, 04/12/2013 - 16:06 | 3442505 ebworthen
ebworthen's picture

"Oh, look at the price of Gold falling, what a shame.  You'd better sell us all of it now before it loses any more value; and you can't eat it.

We see it as a useless barbaric relic, but it is all you have left."

Fri, 04/12/2013 - 16:07 | 3442517 malikai
malikai's picture


Fri, 04/12/2013 - 16:20 | 3442597 Haager
Haager's picture

you've already voted on this posting. And '999'.

Fri, 04/12/2013 - 16:48 | 3442812 malikai
malikai's picture

Sometimes you read something and just know it's worth a bit more.

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