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Rick Santelli Asks The $14 Trillion Dollar Question
Two minutes into a somewhat boring pre-close wrap-up, the CNBC guests bring up the glaring revelation that perhaps, just perhaps, the Fed's $85 billion per month (plus the BoJ's exuberance) is not enough. But at three minutes, Rick Santelli dares to ask the question that no one wants to hear the answer to. Addressing questions over what bonds and commodities are telling us, Santelli notes the bubble-blowing tendencies of "re-applying [economic] medicines that don't work and don't take hold," and that the current weakness is deflationary. "Just look at 20-year lows in European car sales... or 13-year lows in China GDP growth," he explains, "you have to delever down to some sort of reality - that's the healing process;" but instead, due to "economic semantics," we "keep doing [building bigger bubbles]." With $14 trillion of central bank balance sheet reflation in place, Rick asks, what if its the "wrong medicine?"
Forward to 3:00... and enjoy an uncomfortable truth grenade...
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Now that's a head shot !!
"What if it's the wrong medicine?
Then the patient dies.
he was to the point
"Gentlemen I'd love to continue the conversation but the producer is screaming for an AD break as his balls are being squeezed in a vise"
MSM
And to think that they think Rick is just their sideshow clown.
Nar, they know the truth. They're just deluded by the simple promise that there's still hope.
https://www.youtube.com/watch?v=GQtdW72cLhQ
"so....contain it"
Investors are beginning to realize the market is getting ahead of itself... what a line! The KNEW the market was getting ahead of itself and they did not care. That they seem to care now isn't because some lightbulb came on in their heads. It makes me feel like a mushroom when they try to feed us that stuff.
*Off Topic*
I have a very strong gut feeling that the Gold price collpase wasn't to bolster the USD, JPY etc....it was to create a run on physical, and to clean-out the remaining metal.....perhaps!
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/17_Massive_Run_On_Physical_Gold_%26_Silver_At_UBS_%26_Scotiabank.html
Perth Mint: “The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said, without giving precise figures. “There’s been people running through the gate.”
http://www.smh.com.au/business/markets/golden-times-for-perth-mint-20130417-2hzv7.html
A run on the physical or a run from the physical that backfired?
Market Crash, Not A Correction 04-17-2013
http://www.youtube.com/watch?v=UoR6LGyUeXQ
Watch out Rick..., remember what happened to Dylan Radigan.
I have the right medicine.
It is a 1000 ounce antimicrobial rough cast silver suppository that I wish to forcefully administer to certain banker’s sorry septic sphincters.
Awesome....and with that it's time to go night night
Rick is a hero.
He's right and he has backbone.
I know, they got rid of Dylan because he was telling the truth to much.
Get ready to take advantage of this coming crash!There were buyers at every tick for the gold--the sell-off was quite orderly, if a bit fast. Do you think Indian (Asia) marketeers were the eager souls, since wedding season is coming up? See, there's more than just the paper game going on here. I don't think it was simply a paper entry change at one of the handmaidens' accounts. However, that's about as naked an assault on gold and silver as one could have. And, does that mean that JPM has another whale carcass to clean out (silver)?
Knock, knock, hello? Rolling European banking crises.
Land Shark!!
Candy Gram...
..for Mongo
It should make you feel like a mushroom. Because the MSM feeds you shit and keeps you in the dark.
You hit it right on the head, right on the head. They have already passed the Rubicon and there is no going back so they hope that somehow, somewhere or somebody will be able to pull us out of this massive nosedive that is coming. And since there is no one, the PWTB just want to contain it.
Disagree. They know the truth alright. They are just paid to lie. Very well, mind you.
they're in tough shape if Santelli is the heavy thinker in the group
if you think the US is fucked, check out Europe (soviet style fucked), the UK (Royally fucked) and Japan (keyensian fucktard style fucked)
Nooooooo, the US if fucked, Zombieland style!
https://www.youtube.com/watch?v=NQTIxqD2lrE
Cardio, bitchez.
More like Double Tap!
And don't be a hero.
You got it all wrong. Zombies want brains therefore, you simply need to lure them to the nearest State or National capitol, where they will promptly starve to death.
with more than a touch of Kenyan !!!
It seems more lubed if you just say we're all fucked together or fucking together but whatever you do fuck Bernanke somewhere in that list.
@ AlphaDawg, this is the best ZH comment I've ever seen.
A fascist take over by the 1%'ers who have been reveling in bernanke's liquidity hose
Things are getting squirrelly
They will do what all they can to stay in power ... With or without our permission
Evidently, the 1%'ers swallow.
Some swaller'. Some spit.
Battle lines should be drawn between the producers and the parasites. You namesake's Magnum Opus is now Documentary, rather than Fiction. /wink
Same ol' time proven story: Power corrupts...
These golden spoons in their golden cocoons have no fucking clue about the wave of "terrorist" vigilantes that are about to substitute for the Bush/Obama-scraped rule of law in America...
The unfortunate reality is: As the vigilantes start killing the elite criminals, they will surely make some mistakes and kill some innocent people who have actually earned their wealth. I guess you just have to accept that as "collateral" damage; at least we won't have to continue to hear the names of the greatest criminals ever to dine with the President of the United States; they will be forgotten in death...
Worse than death... it makes the patient suffer and diseased.
You mean finding a new home to park a bad investment in for a few days doesnt make it a good investment?!?!,,........Well who could have saw that coming?
A fascist take over by the 1%'ers who have been reveling in bernanke's liquidity hose
Things are getting squirrelly
They will do what all they can to stay in power ... With or without our permission
when you have a guy call out the oligarchs on MSM, that's a real headshot, POTUS going on about blah, blah, blah is hot dog selling
Really? Who is this patient? Am I crass to suggest that the U.S. economy and the U.S. people are not Bernanke's patient - his benefactors are? So, if Bernanke is giving fresh new FRNs to Goldman for MBS that are truly worth about 50 cents on the dollar, then Goldman spends that money into the markets (creating the bubbles Santelli hates, but is likely profiting from), does Goldman die from the fed's "medicine" or does it grow fatter and fatter? As F. Scott Fitzgerald said - The rich are not like us. We should never, never, never assume commonality - it obscures the truth.
Perhaps it's not the wrong medicine, that would be if the desire is too kill the patient.
Well, well. The day before the gold selloff and look who shows up at the White House. Take a look at this list of dirtbags!
President Barack Obama is meeting with members of the members of the Financial Services Forum Thursday morning at 11 a.m. They are expected to discuss the economy, the employment picture and the administration’s new budget proposal.
Here is the list of bank executives who will be attending, according to a White House official:
• Lloyd Blankfein, Chairman and CEO Goldman Sachs GS -2.43%
• Jacques Brand, CEO Deutsche Bank DBK.XE -3.36%Americas
• Michael Corbat, Chief Executive Officer Citigroup C -1.97%
• Jamie Dimon, Chairman, CEO and President J.P. Morgan Chase JPM -3.51%
• Sergio Ermotti, CEO UBS UBSN.VX -3.40%
• James Gorman, Chairman and CEO Morgan Stanley MS -1.74%
• Gerald Hassell, Chairman and CEO Bank of New York Mellon Corpo BK -2.05%ration
• Jay Hooley, Chairman, President and CEO State Street Corpo STT -1.75%ration
• Abby Johnson, President, Fidelity Financial Services, Fidelity Investments
• Steve Kandarian, Chairman of the Board, President and CEO Metlife MET -1.38%
• Brian Moynihan, President and CEO Bank of America BAC -4.72%Merrill Lynch
• John Strangfeld, CEO, Prudential
• John Stumpf, Chairman, President and CEO Wells Fargo WFC -1.35%
• Jim Weddle, Managing Partner, Edward Jones
• Bob Benmosche, President and CEO American International Group AIG -2.53%
Wouldn't you have loved to be a fly on the wall at that meeting? Something really big happened in "The Financial Zone", and I guaran-fucking-tee that was the topic of discussion at that meeting.
A fly with an pressure cooker maybe...
To the NSA dudes reading this: Just kidding.
@Chubbars post:
That's alotta shit in one toilet. No wonder its plugged. All we need is a good flush!!
Here's a list of their derivative exposure and some other dirt on the same banks-ters
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
Excellent video. Needs to go viral.
HOLY SHIT! Look at that list people. There's an explosion coming!!! Banks and Insurance companies. Fuck.
Well, maybe there is a smidge of transparency. I think that we still don't know who all attended all those energy meetings with Mr. Cheney. Go Red Team! Go Blue Team! You're doing a heck of a job!
Cheney is currently in the UK saying goodbye to Thatcher, sniff.
why no one bombed that room on that day ???
instead of bombing normal poeple in Boston...
O.o
"It's not enuff," my unemployed neighbor says.
Speaking of bubbles, did anyone see this WSJ video on the Gourmet Cupcake Bubble Bursting? Who the hell pays $4 a cupcake??? http://www.youtube.com/watch?v=kpv1OtxKwQw
The same people who buy $5 coffee...
Ever have a $5 shake from Jack Rabbit Slim's? I don't know if it's worth five dollars, but it's pretty fuckin' good.
They don't put no bourbon in it or nothin'...and it's $5?
$4 is cheap compared to how much they were likely paying for them in Zimbabwe!
Preach it!
QE6 on the way.
To most of them , Deflation is worse than Death.
Only because their house in the Hamptons might be put at risk.
Eventually they'll have to mark-to-market. Deflation=Death.
QE6minuteabs
suk my dik ben
Obummer says 90% of the people thinks gun control is important. 96% of the people disagree.
http://m.cnsnews.com/news/article/gallup-only-4-americans-think-gun-cont...
Hey kind of OT but I notice the ASE are sold out all over the place but it seems like most places you can get silver bars without much of a hassle. Is there a reason why we should not be buying them?
To be honest I never really messed with bars. I've always bought eagles and junk silver because they are cleaner and easy to identify in a TEOTWAWKI situation. If you do I would make sure you get the bars from one if the more reputable dealers. If you get them from some obscure dealer then the discount may not be worth the hassle.
Fuck, I know I'm going to regret this.....what means TEOTWAWKI?
The end of the world as we know it.
thank you kindly
The end of the world as we know it
I got it! The End of the World As we know it. started at the EOTW, the rest just was obvious
I think REM can take credit for that.
http://www.absolutelyrics.com/lyrics/view/r.e.m./it%27s_the_end_of_the_w...
Google it,here a hint
The end of the world.as .........
Fun fact: Teotwawki means "to get fucked by the great buffalo" in the Navajo language.
You're thinking of Tatankanookie
Is junk silver from a local shop worth it over say ordering on-line?
I don't order online and I kind of agree with Doc, ASE or junk as you say. I just see the freak out on here lately because places are wiped out, and they do seem very wiped out of Eagles, but they seem to have plenty of bars. 1oz englehardts etc. decent brand names. If I underowned silver and felt like I had to have it I'd go after whatever was there.
According to Ferfal, gold chain is useful too. Doubles as jewelry as well if you need to cross a border and can easily be cut into small pieces for exchange or purchase.
I for one would not trust ordering it on line. I like to inspect what I'm getting.
Thanks for the tips guys. I usually bought ASE I was just wondering if there is a serious scramble for physical taking place, I find it interesting that people would decline to buy bars. I would think they are better than nothing.
Silver seems so messy, and gold is just so hard to slice into usable every-day trade rations.
I bought a few silver rounds several years back (half when down with the boat- divorce), under $9/oz I believe. Always had an itch to get more, but didn't want to have to start building my own warehouse in order to store it...
ASE's are generally recognized and therefore tradable to the masses.....bars less so. I hold both but prefer bars under 5oz. Other than that, IDK..
Good q. I asked the same thing of my dealer a while back. The 10 oz bars (i'm assuming your referring to), not quite as fungible as the rounds. I bought some with only slight regret now because if thats all you can get, its better than nothing. As far as price is concerned, little to no difference as I recall he said. You're just going to have a way easier time of it with rounds.
Consider that bars can be used for bigger purchases in a SHTF scenario.
In hindsight I would rather have 10 10oz bars than 1 100 oz bar. YMMV.
Well, the hundo you can use as a doorstop.
Fonz, ASEs have a different tax status than bars and junk silver. Specifically they're exempt from 1099B reporting requirements, whereas bars and junk are reportable.
Very interesting. Thanks seek.
Seek, could you give more info on those reporting requirements? If you sell junk or bars, the buyer has to 1099 you? I've never sold, since I don't own any metal, but I am just curious....
Here is a Google listing of 1099 requirements.
https://www.google.com/search?q=1099+tax+law+on+silver+buillion&ie=utf-8...
Seek,
ASEs are for collectors. Bars are for terrorista.
Obama also said he was bad at math.
The new world order marxists don't care.
what about bomb control...is that important...does it make a difference
Words are weapons and we are being carpet bombed.
STOP SAYING WORDS!!1! (picture)
http://cheezburger.com/1235699456
Bada-Bing, get your medicine right here ..!.. Ben
I keep expecting Santelli to wake up one morning with either a dead hooker, or a horse's head in his bed.
Would you figure that to be a High or a Low bar? I'm trying to get hone my expectations settings.
Don't say that.....Santelli's one of the good guys. Bad karma, man.
One of the few without his head up his ass in the MSM, which is why I keep expecting it to happen.
Oh I understand why, but I hope it never does. I'd much rather see some of the mouthpieces get into home canning.
... or a (live/photoed) boy. Just as effective.
The guy works with people who live in Fantasy Land, and he's trying to explain to them that, outside of North Korean lairs, unicorns don't exist. They'll never believe him. And judging by the delusional comments on the CNBC web site, most viewers of his network won't believe him, either.
I appreciate what he's trying to do, but he might as well be banging his head against the wall.
LOL comments on CNBS website...that's rich. I also read the comments on NYT for Krugman and then go to Yahoo to find out what's important in the world but really spend as much time on HPost because those are my people. Then a little DailyKos and sprinkle in some TPM...I've got a full plate.
Anytime I wander into a Krugman comments section, I'm overcome with the sudden urge to paint the wall with my brains, so I immediately leave.
Yeah, I don't even attempt to tempt the urge for suicide. Life is too good to stimulate those kinds of feelings... MSM is off limits for me.
I tell ya what McMolotov, you are one funny fucker!
Maybe I can give (sell) him lessons.
The FED is going to end QE sooner than later I think. They are in a liquidity trap if you believe the goal is to stimulate growth. If the goal was suimply to fix the big banks balance sheets by helping them unload bad assets then they're close to accomplishing all they can this cycle.
Trouble is those toxic bank 'assets' run to multiple trillions.
Seen estimates from forensic accountants from 4 to 8 tn.
We just can't see them behind the MERS strawman, and derivatives.
So four to eight years MOAR of QE at current levels to fix those balance sheets.
The BRICS are moving much faster that the FedRes can pray and extend.
RE:Winston Churchill
Four to eight more years of QE just makes things worse for the banks SFH assets because the inflation hits the necessities before housing prices can rise. You have to have continuing cycles of up and down for the deleveraging to work. "First by inflation, then by deflation..." as Jefferson said. Unless the goal is a straight up EOTW scenario... I don't think it is or has ever been. TPTB need something/someone to rule so the game will go on.
The goal is not to stimulate growth, it's harvest season. They are not done harvesting.
So often in life, the 'right medicine' is... pink: Pink (the band), pink slip (for executives, CB's, and politicians), or just plain pink (pink & tan). I'm partial to all 3. In whatever order.
If you fire all of them then you've absolved them, you've removed them out of the sights. Further, even if this could be done and we could wipe them all out of the picture we'd STILL be heavily in debt and unable to climb back on any growth bandwagon: there's this issue of Mother Earth not really wanting to comply with our growth requests.
You forgot pink thongs and pink bikinis...!!!
Been saying for a long time that Bernanke is doing the right thing except he forgot a step and that is writing off the bad debt and letting the banks that should fail, fail.
And fix the system the way it was before Gramm-Leach-Bliley and derivatives deregulation. Banks have no business owning equities of any kind. Banks should be banks
Problem is that we have an issue with models that were predicated on inflated growth expectations. Everything has been programmed for it. Whether people like to hear it or not, the correction can really only come from huge smack-downs of pensions/retirement funds otherwise ever-decreasing numbers of younger people will have to carry the inflated burden on their shoulders, and I'm just not seeing that they can MEET and EXCEED those demands.
If we think things are heating up here just imagine how it'll be in China where they've been pushing double-digit growth and are now seeing the lowest growth rates in 13 years. They've got a LONG way to fall. In the West, as distasteful as it's been, have at least been able to ratchet down a bit (and are closer to the floor as pertains to hitting zero growth).
to " fix the system" The crime has to stop. The monoploy of money by private banks has to be persecuted their stolen wealth returned to the people they conned it from. The politicians legalized this organized criminal enterprise. The politicians are also criminals. Their (politicians/banksters/royalty) crime benefits them above all others thats why the system will never get FIXED.
To fix it it has to be destroyed.
The gun control in America has nothing to do with children.
It has to do with saving the criminal adults from the lied to public? "We the people"
GLD down another 20 tons in the last couple of days.
Fofoa explains this and anticipated it in December.
There are 2 views on the gold market, the first is the one you hear every where else: gold is going to explode in a great bull market.
Then there is fofoa: the gold market has required support and that support has been withdrawn. Gold will go higher but in a one time, probably sudden reset. If you are trying to make sense out of this consider....why on the day physical is being bought up all over the world, is the gold price flat? Could it be that the market can always be manipulated down? Paper allows for that. Taking physical out of the market stress the market (thus declining inventories at GLD and Comex) but barely budges the POG...why?
If you hold physical gold you don't need all the answers but if you need the strenght of conviction to hold it down to 1000 or where ever it will go before the Comex closes, all offers are withdrawn and the price is unknown cuz there is no gold trading for months (maybe)...I advise reading fofoa. I believe he has the only perspective that explains what is happening and what is about to happen in the gold market.
JSMIneset, Rickards, Casey, Weiss, KWM and all the other physical gold advocates are saying the same thing...and it ain't happening that way...ask your self why?
...and no I am not fofoa...
@ Lasvegaspersona:
I read all of them, but I definitely think Thoughts is required reading for anyone looking to have a broader understanding of Gold. The fact is that Another and (FOA) did a pretty amazing job predicting the future. FOFOA does a good job with his site, and I enjoy reading his work.
As far as the others?
The same space in time looks different from the ground, as opposed to say, 10,000 feet. Another was looking at it from 10,000 feet, while many of the gold experts are looking at it from the top of a hill. Most "Goldbugs" are standing on the ground, and fail to fully appreciate what's really happening here.
Just a thought.
Croesus
no argument
It has taken me 3years to understand and I still am amazed by fofoa's ability for unravel Another. FOA was easier to understand but one must begin to questions a lot of fundamental beliefs and discard a lot of baggage. Most ZHers are fairly bright but just won't suspend disbelief enough to be able to see.
Physical gold holders do not need to understand, they are already doing the right thing but when things don't unfold the way they thought it would some may sell at the wrong time.
@ Lasvegaspersona:
I still have to periodically re-read Thoughts, and usually read FOFOA's posts a couple of times, just to let them sink in more. He does do a great job with it, certainly better than I could do. The amazing thing about it, is that in spite of being very complex, once it starts to sink in, it makes perfect sense.
I do have to agree that many of the weaker physical holders will sell too early, especially if a major drop in the paper price occurs. Of course, the big tell will be what the CB's are doing when that happens.
As you say, it's hard for many people to suspend disbelief long enough to see.
The Fed is covering the dollar. Paper PMs were getting too much play, and, well... they're fucking paper (quite the disconnect from the thing itself! since most people can't make the distinction of paper and physical it was an easy mechanism to scare people away from the physical thing by hammering the paper thing]).
I suspect that this is a ratcheting down of equities. Time to pull some steam out of them. Money will flow a bit differently when they start relaxing interest rates (doesn't this follow as bullish for treasuries? and it should be clear that the real battle is to pull in the most money into govt paper because govts are hemorrhaging). There's more and more words being let out probing for the acceptance of pulling off of ZIRP: and, really, it's not a matter of IF, but WHEN).
BTW - I see the hammering of gold as part of the over-all scheme to direct more and more physical to the banks, whereby there will be a proclamation at some point that we've all got to turn in our gold- the banks will do so with a wink and a nod, getting preferential treatment in exchange for playing part in this round-up. Smart folks will stay steadfast.
So what's Ben's plan then? I've already operated under the premise that, since he is an academic, that he is not very bright. I have always assumed that deflation is worse than major inflation in his eyes. He knows the inflation risk will remain low no matter how much he dishes out because there is no velocity. Will he increase money supply and try and keep things inflated as long as he can? Will he just erase what's on his balance sheet and let everything across the board deflate? I don't know.
He retires before the last chapter is written, then Monday morning quarterback's Yellen, after she goes down playing the role Erin Callan did at Lehman. At least Callan didn't look like a Hobbit.
I have been going under the assumption that Berstinkie (just like Obumma) is just a toady figurehead for some smart people who want control of the entire world. They want fewer people and more slaves. But the question is how do they get there without risk to themselves. They are probably not so worried about the common man figuring out what is going on. However there are a lot people who have been doing their bidding, that they do not really need or want and see as a potential threat. It is still a big world.
My guess is that Bertwinkie and O'Bummer have just been doing what they have been told and signing what is put in front of them.
If Ben's not so bright then how come he is able to command the power and not YOU?
Please stop making stupid assumptions just because people aren't doing what YOU want them to do. You can call them evil if you like, but they're in no way stupid.
That said, it's entirely permissible to hold on to my logic AND state that he's DOING stupid things. The difference is that doing those stupid things can very readily be done based on educated reasoning. Further, what appears stupid is but an interpretation; unless you're privy to all information that he (or others have) you cannot state with certainty whether something is stupid or not, you can only state that they APPEAR that way.
I totally detest the lot of them, but one ought not underestimate the capabilities of one's "enemy."
If you were to consider that the very system that we've all been operating under for centuries is totally flawed then you might be able to see the absurdity of blaming a poor outcome on poor decisions rather than on the very premise on which it's all based*.
* Perpetual growth on a finite planet. Everything that we've set up is configured around growth, interest, returns, pensions etc... If there is no more growth to support our growth demands then it should follow that NO amount of "bright" decision-making is going to be able to conjure up what cannot be conjured up.
The System ran rampant and now we have to put the genie back in the bottle. I don't think that it's going to happen (it would require HONEST cooperation, and from cut-throat competitors? ha!); instead, the collapse will continue to be managed down as easily as possible (this, I suppose, we could give thanks for- it's bought time), after which most of what we're talking about here will become pretty much irrelevant (and you'll long for the days when you could blame the forces for incompetence).
Great analysis; and not having control has freed me to enjoy the ride down! I'm writing about this twilight zone we're in, as I suspect many others will be. This period in history will be talked about for centuries to come.
Good for you! :-)
It always seems that many here are on the edge of breakthrough but stall out due to some well-ingrained prejudices. Much, I suppose, is a problem with coming to grips with what is or will be a loss. My wife would suggest that it's because of an entitlement attitude, could be both...
Blaming others doesn't get you anywhere. If anything, it's an indictment on one's placing oneself in close enough proximity to be affected negatively. NO ONE really has control over anything other than, to a degree, one's health. Where it all gets distorted is when people fail to understand this point and continue to promote some leadership or the other as some solution for their sense of any loss of control.
And, the number one greatest failing: Failure to question the premise. As Dr. Paul Craig Roberts suggests, our economics system is failing because it fails to consider the only true capital- nature's capital. Our inability to comprehend the simple fact that one cannot have perpetual growth on a finite planet (what's up with all you folks who cannot handle that? wishing to practice deception or ignorance?) dooms us to continue having distracting arguments over the most inane shit.
Bernanke should be eating crow. He has scolded the Japanese for years, telling them if they had only dropped interest rates to zero and started printing money sooner, everything would have been great. He followed exactly that script in the U.S. and the economy is still in the crapper 5 years and counting.
The lesson should have been not to get into the bubble in the first place by fostering capital misallocation through an artificially low cost of money.
Sadly, Mr. Bernanke's tuition is being paid for by all of us.
HERE, HERE, Daddy Bernanke thought he was smarter than the great depression era economist, when in fact, he learned nothing. The Austrian school is right!
The "Austrian school" is too late now. We're in a tectonic collapse of civilization. Growth won't be a word that will be spoken much of in the future... (any System that relies on perpetual growth on a finite planet is going to bite the big one)
Bernanke's job is to protect the Fed. If you come out and tell all of your competitors exactly what you will be doing (and you [attempt to] do it) you'll give away your hand and you'll lose your position.
Let there be no doubt about it, we're in full contraction mode. Things are a LOT more hot. Humans' best means of survival is no different than for all other animals- deception. Folks at the top that have to play impartial, they have to be deceptive.
Really, what the hell are we trying to save? Our fiat? A mal-aligned System of perpetual growth on a finite planet?
What would anyone here do if Bernanke came out and uttered the truth that we cannot have perpetual growth on a finite planet? What do you think others would do?
In my journey I've found that you really can't tell people things, they have to experience it (either directly, or witness you or someone else doing it). All the folks that rely on deceiving us in order to hold power (private as well as public) just wouldn't allow that to be since it would likely be an end to their ability to continue to hold on to power. Such people would most certainly resort to the nastiest things that humans have been known to do, and, as history shows, for all the same basic reasons: ALL WARS ARE ABOUT RESOURCES- you start killing people in order to acquire resources for, at the minimum, continuation (with "growth" being the desired goal).
I can't disagree with what you write! Sadly, most are unconscious. There are so many well placed distractions keeping masses asleep. But, many are waking up. It's the violent ones I fear. When some guy who has worked his ass off for 50 years realizes his nest egg is worthless paper... this is why they want gun control.
"this is why they want gun control."
Not sure whom you're referring to when you use "they" here :-(
I think it matters, as I do, in a way, believe that many whom aren't really to blame will end up being caught in a crossfire, if not outright mistaken to be responsible for the downfall that those going tilt will lash out at. Not sure if it's by design or not, but we've been pretty much set up to tear each other apart because we've been programmed that it's the fault of Group A or Group B; and, well, TPTB are amply protected and are unreachable.
Gun control is just another way of hiding what the real problem is. It would be better to keep creating crazy people though all the BS that our society (economically and otherwise) feeds us.
Many people ask for things because it's the only "solution" that they know of (and the propaganda helps them stick there). And many DO have benevolent intentions in mind (don't blame the pawns, blame the chess-masters!).
I just don't think that most people (including a lot here) comprehend the scope of things (we're so steeped in stories that we want to believe).
Years ago I remember reading the Bosnians trapped in Sarajevo were screaming for coffee,cigarettes and condoms. No heat,no food,no power,no ammo,no SMS texting or American Idol,no worries. Seems like they had distilled the vital necessities of life down.
Also I remember reading about this fellow who was trapped in the Justice building in Colombia (Bolivia?) when it was besieged by the guerrilla group M15 (?) who were being paid to destroy the extradition files on some drug lords.The fellow sat thru like nine hours of gunfire while reading the collected works of Martin Luther King inside a broom closet. Makes ya wonder...
Once everything crashes down will their be a new interest in books and literature?
Also,the POW's in German camps during WW2 number one request was for knitting needles and wool. Passes the time.....
It really isn't a matter of QE not working. It's a matter of total market credit debt growing faster than GDP for 40+ years (the "fiat era").
To focus exclusively on some misguided Federal Reserve policy is missing the point, which is that the growth of the $3/barrel oil era is not coming back. Ever.
For those who disagree, and there are many, it's not enough to say get rid of the government and it will be all right. It's not enough to make pie in the sky assumptions and ignore evidence in front of your noses. So, geniuses, how will the happy days return?
Big hug to you!
It really is tough to keep hammering these point out there. You, I, and the others who bring these things up are trying, with all-out-honesty (no political games, no party pussy agendas) to ask the tough questions, the PERTINENT, ROOT questions. We are clearly at the point in time that we deserve to start being honest and start really checking the "souls of men," otherwise we should deserve all that shall come our way...
Watching gold take a hit while oil and stocks begin to retrace their path of the last few months, the leading questions that come to my mind are:
A: Just how ridiculously leveraged were the gamblers this time around?
B: How many more rounds of this before all the freshly printed money is in the hands of a chosen few lucky winners?
Just like winner take all poker, wealth transfer to the rich will be accomplished, even if we don't know precisely which uber-rich individuals it will be. Good job Ben. We can only hope the winners are really, really big spenders, but, I doubt it.
And now ladies and gentlemen, Mr. Andrew W. Mellon.
""liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."
I and other enterprising people have been required to wait 10+ years for our turn. We can turn this nation around, but there isn't much time. We are dying out.
Bullshit on Mr. Mellon. His power and position were assured. Easy enough for him to piss on everyone else and claiming that it's necessary to put out the fire.
"I and other enterprising people have been required to wait 10+ years for our turn. "
Who the fuck promised YOU a "turn?" That you've been stalling for 10+ years should mean what? If your calculations for waiting so long then what does that make of your ability to assess things?
"We can turn this nation around, but there isn't much time."
How many tired clichés are you going to pitch out?
When was the "nation" aimed correctly? Go ahead, point out a time and tell us all just how different it was, how it could not come to this point (which, clearly, it DID, and in which case you'd have to do the whole parallel universe analysis to show any other outcome).
"We are dying out."
Who the fuck is "we," and how is "we" "dying out?"
Sitting on your ass for 10+ years and then crying about dying out... I smell a pussy. Ever been somewhere where people ACTUALLY struggle to live/survive? Bet not.
Disappointed that you have up-arrows for this obvious attempt at mind-melding with group-think. Toss out the right buzz terms, point fingers at the right villains and you're one of the "men."
Seer - you are full o shit.
Your argument against Mellon quote was that he was wealthy enough to ride it out, and not on its content.?
dont watch that man behind the curtain, I am THE GREAT AND POWERFUL BERNANKE,
http://youtu.be/NZR64EF3OpA
Let's go down the checklist:
1) Arses kicked. Check.
2) Names taken. In progress.
the basic unit is less than shit, it is fraud.
and beyond poison by the drop but by the pound.
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A deleted scene from Jaws
http://www.youtube.com/watch?v=avRAB2d4A68
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» Update to the Update: The Attack on Gold — Paul Craig Roberts
By: pcr3| April 16, 2013 |
http://www.paulcraigroberts.org/
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http://www.gainesvillecoins.com/category/776/2013-austrian-gold.aspx
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Tom Waits Little Drop Of Poison with lyrics
http://www.youtube.com/watch?v=45JdWBfLsA8
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17 April 2013
How the Gold Market Was Crashed - But Most Importantly, Why? Leveraged Default? And Silver?
http://jessescrossroadscafe.blogspot.com/2013/04/how-gold-market-was-cra...
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".. That was Newton who said that, and I am leaning on him. Newton was so intelligent that he was smart enough to realize who he was, and what he did not know. And that is the beginning of wisdom, to see so far that you can look back and see yourself as you are, and your place in things, as if from a great distance.
“I do not know what I may appear to the world, but to myself I seem to have been only like a boy playing on the sea-shore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me...If I have seen further it is by standing on the shoulders of giants.
Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion."
Isaac Newton
This from one of the greatest minds in modern history. And who, sir, are you?" jca
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then came Einstein and relativity and the simultaneous abolition of universal
(absolute)
time and perspective, leaving only distance and distant illusion/impression
perspective, all sense diluted in the solvent of Mind?
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then came the who/ ..
The Who - Who Are You
http://www.youtube.com/watch?v=qii499Pfwc0
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"he has truly risen" mr. panos
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Greek Easter
http://www.youtube.com/watch?v=AfXIWYdL8dU
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“……. has risen.” mr. panos
/
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aye.
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Did he ask the 36 Trillion dollar question?
I didn't think so.
Wake me up when Santelli asks why we saved the deadbeat depositors...K?