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Bill Gross To Bernanke: "Thanks Chairman! Got Any More?"

Tyler Durden's picture


What can one add to a tweet that is the best flashback to the peak bubble days of summer 2007:

"There is no bubble.... There is no bubble... There is no bubble...."


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Tue, 05/07/2013 - 10:04 | 3537373 chumbawamba
chumbawamba's picture

Do not bite the hand that feeds.

I am Chumbawamba.

Tue, 05/07/2013 - 10:16 | 3537393 hedgeless_horseman
hedgeless_horseman's picture



" any more?"

That's what she said.

So let me hold it up
 Just one more go
 Holding it up for just once more
 One more time to fill it up
 One more time to kill
 But whatever I do
 It's never enough
 It's never enough.

Tue, 05/07/2013 - 10:22 | 3537423 Cult_of_Reason
Cult_of_Reason's picture

Were they clapping to Miss Reality returning to NYSE floor this morning?!

Tue, 05/07/2013 - 10:23 | 3537427 camaro68ss
camaro68ss's picture

Am i the only one that thinks its scary that we are still QE'ing and we're at an all time high!

Tue, 05/07/2013 - 10:29 | 3537443 Cult_of_Reason
Cult_of_Reason's picture

I think they will announce QE tapering in June (watch Hilsenrath writing about it within a few weeks) -- currently almost nobody expects it.

Tue, 05/07/2013 - 10:33 | 3537458 valley chick
valley chick's picture

 <-------thinks that they will taper QE

 <------thinks that they will increase QE

Tue, 05/07/2013 - 10:45 | 3537506 mayhem_korner
mayhem_korner's picture



Who's the troll who voted for tapering?  Did you see the market go into code brown when it was leaked that certain members of the FRB were even considering backing off???  No prominent official - elected, appointed, whatever - will allow the securities markets to crash on their watch.  Accordingly, there is NO CHOICE but to keep printing, and accelerating it.  To even grip the end of the punchbowl will cause the markets to go into free fall.

Res ipsa loquitur 

Tue, 05/07/2013 - 10:53 | 3537524 camaro68ss
camaro68ss's picture

Need MOAR punch

Tue, 05/07/2013 - 10:58 | 3537540 mayhem_korner
mayhem_korner's picture



...and MOAR HOAP

Tue, 05/07/2013 - 11:04 | 3537561 old naughty
old naughty's picture

Com'on Bill,

Ben was just doing, as told.

And when Timmy replaces him...

Tue, 05/07/2013 - 12:15 | 3537781 redpill
redpill's picture

Yeah Bill, because the worst part about what Bernanke has done is the impact on the share price of one of your shitty bond funds. 

Tue, 05/07/2013 - 10:38 | 3537473 Stoploss
Stoploss's picture

That would mean rates would have to go up.

If rates go up, US can't service the debt and defaults.

QE can never end, and rates, especially, can never ever go up.

Tue, 05/07/2013 - 10:47 | 3537504 Cult_of_Reason
Cult_of_Reason's picture

Not to end QE, but to announce a symbolic QE tapering, so they can say (pretend), "we are carefully weighing the risks and benefits of QE at each meeting".

Tue, 05/07/2013 - 10:51 | 3537486 Dr. Richard Head
Dr. Richard Head's picture

The uproar of the population was so intense during the $860 million in TARP that the politicians realized that in order to expand the Fed's balance sheet, as well as the US debt, the Fed would have to do it alone and under cover of bullshit.  Furthermore, the common nomenclature of the Fed's balance sheet expansion is either $45 billion or $85 billion a month, depending on how in-depth the sheep look at this, instead of the $4 TRILLION expansion that this actually represents.  Add that to whatever other ZIRP and bailouts in secret and you have TENS OF TRILLIONS of debt creation to fund anemic groth at best or the slow deteriation of the economy at worst.  This is ALL at the hands of the Fed and it's banking masters.

To taper any QE is absolute suicide of the Fed, as the bond bubble will pop, the stock bubble will pop, the student loan bubble would further pop, the mortgage bubble would pop (again), and interest rates for government debt would absolutely surge.  The only firms buying this shit debt are the ones that are merely recycling the Fed debt in a circle jerk dog and pony beastiality show that would make Tijuana's Juicy "Donkey Girl Show" Lucy blush. 

An announcement of tappering will only be found in some bullshit talk of non-voting board members, but nothing more. 

Then again, I could be completely wrong as they have kept the music playing way longer than any math would anticipate.


Tue, 05/07/2013 - 10:30 | 3537448 valley chick
valley chick's picture

don't be distracted...keep stacking!  It will implode soon enough.

Tue, 05/07/2013 - 10:38 | 3537472 mayhem_korner
mayhem_korner's picture



It will only seem "soon" after it happens.

Tue, 05/07/2013 - 10:41 | 3537485 valley chick
valley chick's picture

+1 MK    and I am taking advantage of every day.  Even a valley chick gets it.

Tue, 05/07/2013 - 10:48 | 3537513 mayhem_korner
mayhem_korner's picture



Are "valley chicks" the next generation of "valley girls"...or are they unrelated?  Inquiring minds want to know...

Tue, 05/07/2013 - 12:32 | 3537839 valley chick
valley chick's picture

a new hybrid..valley girl goes prepper chick = valley chick

Tue, 05/07/2013 - 12:33 | 3537843 BeaverFever
BeaverFever's picture

Valley Girls have turned into Valley MILFS. Valley Chicks are their offspring.

Tue, 05/07/2013 - 10:39 | 3537476 Dr. Engali
Dr. Engali's picture

Yeah...fucking great thrill ride isn't it? The crash is going to be spectacular!

Tue, 05/07/2013 - 10:44 | 3537501 Dr. Richard Head
Dr. Richard Head's picture

Unfortunately, I have been turing purple and have liver damage from holding my breath and over-drinking in the wait for it to happen.  I'm not saying it would by any means, but the tricks they have pulled to keep the appearance of levitation going is astounding and defies logic.

"We don't need no printer let the father fucker burn.  Burn father fucker, BURN!" - Dr. Richard Head

Tue, 05/07/2013 - 10:49 | 3537514 mayhem_korner
mayhem_korner's picture



+1 You just dated yourself.

Tue, 05/07/2013 - 10:52 | 3537520 Dr. Richard Head
Dr. Richard Head's picture

You could tell I was 35 from that?  HAHAHA

Tue, 05/07/2013 - 10:57 | 3537530 mayhem_korner
mayhem_korner's picture



No...just that you are >30.

Tue, 05/07/2013 - 11:27 | 3537631 Vince Clortho
Vince Clortho's picture

You are not the only one.  The Exchanges at all time highs; the Central Banks printing at all time highs; the economic data heading South.

It is insanity. And very scary.

We are watching the death of the financial ponzi scheme.

Writhing and squirming like a dying snake.

The worst is yet to come.

Tue, 05/07/2013 - 10:26 | 3537432 Meat Hammer
Meat Hammer's picture

+1 for The Cure reference HH.  

Funny story - After their concert in 1992, my friends and I followed their tour bus to see which hotel they were at and as we kept up with them on the highway, we pulled alongside the bus and saw Robert Smith watching ballet and drinking Bud Light.  When we finally got to the hotel, Smith gets off the bus wearing sweats and Air Jordans, but still has his hair all spiked up and all of his makeup on.  He reeked of cheap beer and was stumbling and slurring his words.  My buddy asked him to sign his guitar, but instead of signing his name, Smith drew a picture of a spider looking out a window.  Crazy shit.

Sherriff, why did you tell me that?

I don't know.  My mind wanders.  

Tue, 05/07/2013 - 10:41 | 3537475 hedgeless_horseman
hedgeless_horseman's picture



Similiar story - After Jackson Hole in 2012, my friends and I followed Bernanke's limo to see which hotel he was at and as we kept up with them on the highway, we pulled alongside the car and saw The Bernank watching CNBC and drinking Bollinger. When we finally got to the hotel, Ben gets out of the limo wearing sweats and Air Jordans, but still has his beard all groomed and all of his makeup on. He reeked of printer ink and was stumbling and slurring his words. My buddy asked him to sign his toner cartridge, but instead of signing his name, The Bernank drew a picture of a SPDR wearing shorts looking up at a falling piano. Crazy shit.

Tue, 05/07/2013 - 11:12 | 3537583 Temporalist
Temporalist's picture

Ben is a maestro which is why he has "Special Drawing Rights"

Tue, 05/07/2013 - 10:06 | 3537376 GetZeeGold
GetZeeGold's picture



Careful Ben Shalom.....I sense a trick here.

Tue, 05/07/2013 - 10:17 | 3537411 the grateful un...
the grateful unemployed's picture

success is the same as death for a fed chairman. once you fill the punchbowl, you can never take it away. bernanke's best career move will be to leave his position when his term expires, but hubris will prevent that from happening. after he is cheered on for a second term, thats when things will get real ugly

Tue, 05/07/2013 - 10:06 | 3537377 Rory_Breaker
Rory_Breaker's picture

Sorry, OT...but...

India Post to offer 7% discount on gold coins:

Bitchez bitchez!

Tue, 05/07/2013 - 10:28 | 3537437 Motley Fool
Motley Fool's picture


"The price (after discount) offered by the postal department was higher than the quote of most banks and gold retailers. "

Tue, 05/07/2013 - 10:36 | 3537465 Rory_Breaker
Rory_Breaker's picture

bummer! :-(

My bank offers me a discount too and barely matches the price at my jeweller. The jeweller takes cash and doesn't ask questions and that's why I've never bought from anyone else.

Tue, 05/07/2013 - 10:43 | 3537495 Motley Fool
Motley Fool's picture

Gold does not sell at a discount.


Btw, did not downvote, but consider looking a bit deeper next time. :)

Tue, 05/07/2013 - 14:14 | 3538151 Rory_Breaker
Rory_Breaker's picture

Don't care about the downvotes. I'm just here to learn. Thanks mate. I'm just sticking to my jeweller, my dad's been buying from him for 20+ years. Cheers.

Tue, 05/07/2013 - 10:45 | 3537502 Quinvarius
Quinvarius's picture

At these prices, a few percent doesn't matter--Unless you are buying gold by the ton.

Tue, 05/07/2013 - 14:16 | 3538166 Rory_Breaker
Rory_Breaker's picture

When you're a little short of cash you want to save every rupee [or dollar]. Cheers.

Tue, 05/07/2013 - 10:07 | 3537384 krispkritter
krispkritter's picture

Fick Dich Herr Chairman! 

Tue, 05/07/2013 - 10:11 | 3537395 Bearwagon
Bearwagon's picture

Couldn't he just drop dead?

Tue, 05/07/2013 - 11:10 | 3537577 krispkritter
krispkritter's picture

Vampires are already dead...

Tue, 05/07/2013 - 11:17 | 3537603 Bearwagon
Bearwagon's picture

Not dead enough!

Tue, 05/07/2013 - 10:08 | 3537386 Dr. Engali
Dr. Engali's picture

Moar will be coming, but first another smack down in precious metals is needed.

Tue, 05/07/2013 - 10:28 | 3537388 Cognitive Dissonance
Cognitive Dissonance's picture

"I will serve no wine pop no bubble before its time." - 'Bubbles' Ben

Tue, 05/07/2013 - 10:31 | 3537444 MilleniumJane
MilleniumJane's picture

I guess he's just waiting until he gets the thumbs-up from the Masters of the Universe that they have placed their bets on the downside.  Until then, it's turn up the heat.  Frogs (middle class) are boiling everywhere...question is, how many will jump out of the pot?

Tue, 05/07/2013 - 10:10 | 3537391 Bay of Pigs
Bay of Pigs's picture


Tue, 05/07/2013 - 10:11 | 3537394 dcohen
dcohen's picture

Benjamin Shalom Bernanke, the prophet of the market, thy shall print, so says the lord.

Tue, 05/07/2013 - 15:00 | 3538359 Go Tribe
Go Tribe's picture

Because water,from a stone just wasn't good enough.

Tue, 05/07/2013 - 10:15 | 3537396 Shell Game
Shell Game's picture



'Dow hits 15,000 & CD and bond yields at all time lows. Spanked by Chairman #Bernanke. May we have another?' #FuckTheFed #EndTheFed

Tue, 05/07/2013 - 10:16 | 3537408 Craxi
Craxi's picture

Why does Bill Gross continue to not accept that the Fed will backstop all ..or as ZH has suggested...this is reverse, reverse, reverse psychology at play.

Tue, 05/07/2013 - 11:21 | 3537610 Yancey Ward
Yancey Ward's picture

You answered your own question.

Tue, 05/07/2013 - 10:18 | 3537413 yogibear
yogibear's picture

Benjamin Shalom Bernanke: Call me the head money changer at the temple.

Tue, 05/07/2013 - 10:18 | 3537414 Bearhug Bernanke
Bearhug Bernanke's picture

Battle not with monsters lest ye become a monster; and if you gaze into the abyss the abyss gazes into you. (warning: don't stare too long at this)

Tue, 05/07/2013 - 10:21 | 3537419 HD
HD's picture

I wager Ben stays up nights praying it doesn't all implode on his watch.

Tue, 05/07/2013 - 10:23 | 3537426 Shell Game
Shell Game's picture

If by praying you mean he lights black candles within a circle of chicken blood, yes, he prays...

Tue, 05/07/2013 - 10:24 | 3537422 LawsofPhysics
LawsofPhysics's picture

So, the lesson here is that those with access to "free money" will enrich themselves and their causes/funds?  < shocker >

Here is my own quote for the day - "Luck may have nothing and everything to do with your success, but chance sure as hell favors the prepared"-LoP.

Tue, 05/07/2013 - 10:23 | 3537425 100pcDredge
100pcDredge's picture

Got Any More? Is that a rhetorical question - or what?

Tue, 05/07/2013 - 10:28 | 3537428 spine001
spine001's picture

Why does Bill Gross continue to not accept that the Fed


He does accept it. The proboem is a risk management problem. If the restat fails we'll go into a 20 years deflation and negative growth worse than Japan. If they start the economy we will go into a brief period of 1 to 2 years of hyperinflation with significant double digit inflation for the foreseable future. When you try to hedge for these two scenarios it becomes a loose loose proposition with NO safe or conservative alternative possible. That is what he is really bitching about.

Tue, 05/07/2013 - 10:53 | 3537518 helping_friendl...
helping_friendly_book's picture

nyfrb policy " no pain! pain!!!!!". Unfortunately the next ChairSatan will have the most unpopular policy which must be followed in order to relieve us, finally, from the QE Hell.

Raise interest rates by 100 basis points at each FOMC meeting after the dip shit Bernanke goes on his book tour.

Japan has yet to raise interest rates after 20 years of fucking QE, but as the reserve currency (if the FRBNY note would like to keep the position) the FRBNY must raise rates to astronomical levels to soak up all the liquidity that has been pumped into  this asset bubble.

I see yields on the 10 year at 15% to 20% during a one or two year window while the frbny recovers all the liquidity we are drowning in. 

They planned this whole charade during "W's" last term. let's put a nigger in the WH and make the situation impossible for him to deal with without giving us massive amounts of cash. Great plan, except, no one clued me in and even if they had a Goy is not welcome at the discount window.

I don't think his book will sell many copies yet I will try to get a first addition w/ his signature. I might as well, at least, try and make some money from the abomination being perpetrated on the taxpayers these last 13 years.


Sorry Obama for calling you the N word , but I had to make a point. I think you can take it though. At least you can talk in complete sentences unlike the Bush family.


Tue, 05/07/2013 - 10:24 | 3537429 Hedgetard55
Hedgetard55's picture

Ben has plenty moar, as much as we need. He will continue QE until he leaves in January and leave the mess for Janet to clean up/take responsibility for.

Tue, 05/07/2013 - 10:28 | 3537438 Shell Game
Shell Game's picture

When we see him in a flight suit on the deck of an aircraft carrier, then we will know he has no moar.

Tue, 05/07/2013 - 10:30 | 3537450 yogibear
yogibear's picture

When the US dollar blows Yellen will be blamed.

Tue, 05/07/2013 - 10:25 | 3537431 cherry picker
cherry picker's picture

Hell, who needs to invest in stocks or bonds or PMs.  I just rented me an 18 wheeler with a nice big trailer and sending it to NYC to pick up a load of that cash old Bennie has been printing.  I hear there is so much cash flowing they don't know what to do with it all so I figured I will do my duty and helpt them out.  :)

Tue, 05/07/2013 - 10:36 | 3537440 LawsofPhysics
LawsofPhysics's picture

Fill it with soda and cigarettes to sell once you get there.  No reason not to make money coming and going...  just saying.

Tue, 05/07/2013 - 10:41 | 3537484 Bearwagon
Bearwagon's picture

And should you run out of fuel on your way back from NYC, because you have no money left to fill up - you need a bigger truck!

Tue, 05/07/2013 - 10:27 | 3537435 Obchelli
Obchelli's picture

And then Yellen or even worse dove sh!t will take this post

Tue, 05/07/2013 - 10:28 | 3537442 yogibear
yogibear's picture

The Fed cannot and will not stop. Their stuck. They know it. Buying up the majority of US debt through member banks to keep rates low until the US dollar crashes.

The talk of exiting is bluffing. They know they can't.

By the time the US dollar crashes Bernanke will be gone and Yellen will be in charge. She will be blamed.




Tue, 05/07/2013 - 11:16 | 3537596 Kirk2NCC1701
Kirk2NCC1701's picture

I don't deny that Yellen will take the 'heat', but surely one cannot be serious about these people really 'caring' about being "blamed".  If they did, they'd fix things now, or would never have let them get this far.

And BTW, it's not like you guys are building an altar for BB right now.  Doe you really think that he cares about you or 'blame', one way or another?  Are you his friends, family, peers or masters?  LOL. 

Tue, 05/07/2013 - 10:31 | 3537451 JohnGaltsChild
JohnGaltsChild's picture

I never saw a wreck and never have been wrecked, nor was I ever in any predicament that threatened to end in disaster.

Captain Edward Smith in 1907, RMS Titanic

Tue, 05/07/2013 - 10:36 | 3537466 HD
HD's picture

At least the Captain had balls enough to go down with his ship. Ben will retire and make millions "advising" Goldman or Black Rock while the world burns.

Tue, 05/07/2013 - 10:33 | 3537457 Mike Cowan
Mike Cowan's picture

Bernanke has made the CD absolete, along with the money market fund, but he's brought back stuffing the mattress and burying gold behind the farm house.

Tue, 05/07/2013 - 10:43 | 3537494 JohnGaltsChild
JohnGaltsChild's picture

Gold? What gold? I got no gold Mr. Roosevelt!

Tue, 05/07/2013 - 11:31 | 3537645 Vince Clortho
Vince Clortho's picture

... so he's got that goin for him.

Tue, 05/07/2013 - 10:34 | 3537460 babylon15
babylon15's picture

Bernanke doesn't matter.  He's just a figurehead.  Every central bank is doing the same thing.  Japan, Europe, China, Australia, UK.  Even if you replace Bernanke the next Fed Chair will do the same thing.  Even if you end the Fed in the United States, other central banks will still exist and still print money.


The two richest people in the country, Warren Buffett and Bill Gates, both said publically yesterday that everyone should sell all their bonds.  Think about that.  I'm actually happy to live in a country where rich people can say such things and retain their wealth and freedom.  But it's scary to think about what they said.  In some ways, what these two titans said yesterday is more important than the credit ratings downgrade by Standard and Poors (to which the government retaliated with an FBI criminal investigation).

Think of how screwed people really are, and there is no way to prepare.  The bond market is about $32 trillion.  The stock market is about $15 trillion.  So when they print a dollar, the purchasing power of the $32 trillion dollar bond market falls faster than the purchasing power of the $15 trillion stock market rises.  That's what negative interest rates are, and they are negative almost everywhere.

Scary times ahead.

Tue, 05/07/2013 - 10:37 | 3537471 Quinvarius
Quinvarius's picture

Buffet wants you to buy stocks.  If it isn't a stock, you need to sell it and buy stocks.  Doesn't matter what it is.  He'd sell Obama's kids for stock money. 

Tue, 05/07/2013 - 11:04 | 3537559 css1971
css1971's picture

Every pyramid scheme fails... That's what the markets are these days. Pyramid schemes which go up till the last muppet buys at the top.


Tue, 05/07/2013 - 10:35 | 3537463 Quinvarius
Quinvarius's picture

You can tell by the wild currency swings taking place all night and the nutty investor behavior that we are in full on hysterical bubbletastic chasing mode.  And if I know my bankers, they are planning some bad news right now.  They live to take the other side.  Can't wait to see what kind of news story they whip up.  No one is safe right now.  Anyone could be bombed, robbed, or forced into austerity.  LOL.   

Tue, 05/07/2013 - 11:14 | 3537591 Temporalist
Temporalist's picture

I agree with you but they have not pumped the "record" markets enough yet as they must be moar recordlike to suck in the last remaining zombietards.

Tue, 05/07/2013 - 10:41 | 3537481 Budd aka Sidewinder
Budd aka Sidewinder's picture

Anybody else besides me think the way QE ends is we will all wake up one morning and the whole lot of them have pulled a Robert Irsay - Baltimore Colts move.  Everybody and everything that counts will all be in Israel or some island somewhere and they leave the serfs here to sort out the scraps?

Tue, 05/07/2013 - 10:44 | 3537498 Bearwagon
Bearwagon's picture

It will be a monday morning. Guaranteed!

Tue, 05/07/2013 - 11:36 | 3537663 Debt Slave
Debt Slave's picture

Dual citizenship has advantages.

Tue, 05/07/2013 - 10:41 | 3537487 Yen Cross
Yen Cross's picture

     Where's 'Ben Bandini Houdini'? The worthless paranoid parasite won't even show his face in public anymore. I hope that A-Hole is having fun watching this slow motion 'Blow Off Top'. Nice work Chair Satan. I have a big cockmeat sandwich for you, when you poke your head out of the hole you're hiding in.

Tue, 05/07/2013 - 10:41 | 3537488 Craxi
Craxi's picture

@spine001 of course your are exactly correct, and most probably a rational and moral actor...but the fed is not a moral actor where do we turn to when our mattresses are full of wothless fiat and our gold cannot be other words there is not there, there

Tue, 05/07/2013 - 10:43 | 3537492 francis_sawyer
francis_sawyer's picture

HERE TO GO ~ DEVO [lyrics]


If you smell the smoke

You don’t need to be told  

What you got to do

Yet, there’s a certain breed

Somewhere in between

They’d rather take a vote

Running short on time

Still they can’t decide

But we already know

That we are here to go We are here to go, we are here to go We are here to go, we are here to...

What is really mine? Who’s at the top of the pile? Where does he draw the line?

Let them figure it out Go on and step across Just remind yourself

That we are here to go...

When it grows too long The tail wags the dog The hand that bites gets fed

Troubles multiply The crowd begins to cry For some common sense

Let them all dig in When the odds are no win Head for the nearest door

’Cause we are here to go We are here to go, we are here to go We are here to go, we are here to

What is really mine? Who’s at the top of the pile? Where does he draw the line?

Let them figure it out Go on and step across Just remind yourself That we are here to go, go...

Tue, 05/07/2013 - 10:43 | 3537496 WhiteNight123129
WhiteNight123129's picture

Short Treasuries Bitchez!

Tue, 05/07/2013 - 10:59 | 3537538 Save_America1st
Save_America1st's picture

An instant TFMetalsReport classic!

Got Phyzz!!!???  Keep stackin' folks!!!


Tue, 05/07/2013 - 11:23 | 3537617 FJ
FJ's picture

You have to acknowledge how powerful they are in destroying the short side. I feel some pain know...and I need to preserve some firepower to make another stand every few 100 points.

Tue, 05/07/2013 - 11:35 | 3537657 Vince Clortho
Vince Clortho's picture

Blasting shorts out of the water is leisure time entertainment for this bunch.

Its so easy when you have your own printing press.

Tue, 05/07/2013 - 11:33 | 3537651 SillySalesmanQu...
SillySalesmanQuestion's picture

Feed me Seymour! Feed me now.....

Tue, 05/07/2013 - 12:08 | 3537745 syntaxterror
syntaxterror's picture

Was Bill Gross pouting on Twitter a few years ago back when his low-yield treasury bonds were appreciating 15% every year?

Tue, 05/07/2013 - 14:48 | 3537749 ThisIsBob
ThisIsBob's picture

The last 4+ years have offered a bonanza for those who elected to not fight the Fed.

Noboby on this board, however, far as I can tell.

Tue, 05/07/2013 - 13:24 | 3537958 mberry8870
mberry8870's picture

Nobody told you to stand in the middle of traffic on the freeway dumbshit! You get what you deserve for being so stupid. Now go talk to your investors it wasn't your fault and its all Ben's fault. 

Do NOT follow this link or you will be banned from the site!