• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

This Is What Happens When You Ask Too Many (Or The Wrong) Questions

Tyler Durden's picture




 

With the lies, cheating, and conspiracies running wild in the US, we thought it worth dusting off the archive and remembering Michael Burry. Burry, infamous for his 'Big Short' into the subprime crash that made him and his clients extremely wealthy, reflected on his ability to see this coming in an Op-ed at the time asking a broad swath of politicians, economists, and professional 'seers' why they didn't see 'It' coming? As he explains, soon after asking that uncomfortable question, things escalated rapidly for him and his firm... simply unbelievable in the context of the ongoing investigations currently... As he explains, "I bet against America, and won," and it seems 'America' didn't like that...

 

Forward to 14:00... (and grab the popcorn)...

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/16/2013 - 16:51 | 3570734 Fuku Ben
Fuku Ben's picture

It's the new TD rerun hustle

http://www.youtube.com/watch?v=yI2LvmmMfnQ

Thu, 05/16/2013 - 16:54 | 3570747 gmrpeabody
gmrpeabody's picture

The new stuff will be out in the fall...

Thu, 05/16/2013 - 17:05 | 3570777 THX 1178
THX 1178's picture

Windfall tax on precious metals. Govt only likes profits when they can get a cut of the action.

Thu, 05/16/2013 - 17:08 | 3570789 ParkAveFlasher
ParkAveFlasher's picture

McCain's gonna need a bigger fence.

Thu, 05/16/2013 - 17:16 | 3570809 James_Cole
James_Cole's picture

A re-run but still great. Burry is the best. 

http://www.scioncapital.com/

Thu, 05/16/2013 - 18:40 | 3571009 Manthong
Manthong's picture

He did not bet against America, he bet against the clowns running America.

The problem is that the clowns figured out that their circus act was not farcical enough, so going forward they decided to turn everything into a fatal theater of the macabre.

Thu, 05/16/2013 - 19:02 | 3571065 random shots
random shots's picture

"It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair

Thu, 05/16/2013 - 21:18 | 3571352 rosiescenario
rosiescenario's picture

I placed the same bet: leap puts on Wamu...it was a no brainer....if I could see it anyone could.

 

It was really a bet against the S&L's and Wall St....and then there were the poor foreign idiots who bought the crap from Goldman and others...

Thu, 05/16/2013 - 22:23 | 3571533 smlbizman
smlbizman's picture

what is donald southerlan duing there?

Thu, 05/16/2013 - 22:22 | 3571525 Buck Johnson
Buck Johnson's picture

And he was telling the truth, the govt. will by hook or by crook take away your financial sense of well being and lowered standard of living.

Thu, 05/16/2013 - 17:23 | 3570823 Ham-bone
Ham-bone's picture

OK - in the spirit of asking questions???

Public debt = '08 - $5.1 T .... '13 - 11.9 T --->$6.8T or approx 235% increase

Intragov debt = '08 - $4.08 T .... '13 - $4.86T --->$784B or approx 19% increase

Total outstanding debt = '08 - 9.21 T .... $16.765 T --->$7.5T or 182% increase

Anybody want to answer the question why the public has gone ballistic while the intra is relatively slow moving?  ($3T Fed, $3T Japan / China?)

 

Thu, 05/16/2013 - 17:45 | 3570885 Pinto Currency
Pinto Currency's picture

 

Komrade Burry is a dangerous subversive.

Thu, 05/16/2013 - 18:44 | 3571021 Jumbotron
Jumbotron's picture

JUST BREAKING !!!!!!

IRS Official in Charge During Tea Party Targeting Now Runs Health Care Office

 

http://abcnews.go.com/blogs/politics/2013/05/irs-official-in-charge-duri...

Thu, 05/16/2013 - 19:18 | 3571094 jwoop66
jwoop66's picture

Ha!  They just don't give a fuck~!    Damn the torpedoes(press, public)! Full speed ahead!   Comrades!

Thu, 05/16/2013 - 19:21 | 3571100 nmewn
nmewn's picture

So, it won't be frrrreeeeeeeeeeee?!?!?

Whocouldaknowd?

Thu, 05/16/2013 - 21:03 | 3571315 jwoop66
jwoop66's picture

time to set up an internet alter-ego; one that supports democrat policies and politicians.   Getting older.  Don't want to be put on a waiting list when I need that gall bladder. 

 

Oh, shit....     I've been posting on zero hedge for years...   

 

TYLER!!!!!! How do I scrub my posts?!?!    or have you handed everything over to the gov already?

Fri, 05/17/2013 - 04:33 | 3572091 TuesdayBen
TuesdayBen's picture

It is not necessary to do any 'handing-over'
Uncle Sam 'reaches in'....

Fri, 05/17/2013 - 12:59 | 3573316 dtwn
dtwn's picture

Damn, I was hoping for a reach around. . . . 

Fri, 05/17/2013 - 08:12 | 3572301 Papasmurf
Papasmurf's picture

Your posts route through Utah.  You can't scrub the mutliple copies.

 

http://www.wired.com/threatlevel/2012/03/ff_nsadatacenter/

Thu, 05/16/2013 - 22:04 | 3571476 A Nanny Moose
A Nanny Moose's picture

They let him speak? I am surprised a trap door didn't open up in the stage, and swallow him.

Thu, 05/16/2013 - 20:32 | 3571117 Peconic Bay
Peconic Bay's picture

Because Medicare up until recently had been self funding.  Its surplus was used to offest the general fund deficts, thus creating the intra-government obligation.

Thu, 05/16/2013 - 16:55 | 3570743 idea_hamster
idea_hamster's picture

"...we thought it worth dusting off the archive..."

Right -- it's their point.  This time isn't different.


Thu, 05/16/2013 - 16:57 | 3570754 gmrpeabody
gmrpeabody's picture

If we can't kid each other..., who can we kid?

(certainly not the gubbermint)

Thu, 05/16/2013 - 17:05 | 3570773 SMG
SMG's picture

America is controled by the Global Elite.  They have no country, and their only desire is to rule us all.  This is how they operate and quell dissent.

They went after this guy too

Andrew Maguire is an independent bullion trader and a whistleblower. He alleged to United States regulators that fraud had been committed, and that prices in the international gold and silver markets had been manipulated. Maguire and his wife were injured in a hit-and-run accident a day after he was identified as the source of the allegations.

And many others.

They harass you with the IRS, the court system, federal agencies, thugs or hitmen, whatever it takes to shut you up.

Everyone needs to know this, thanks Zero Hedge for help getting the word out.

If everyone knows, it's the only shot we have left at freedom, and living in the America we want.

 

Thu, 05/16/2013 - 17:13 | 3570801 Herd Redirectio...
Herd Redirection Committee's picture

If you can't be bribed (and if you are blowing the whistle that means you have already decided to forgo that route, due to having principles) then you will be threatened.  If you don't succumb to threats you will be intimidated.  If you can't be intimidated , you will be harrassed, assaulted, battered... 

Don't fly any small airplanes during this period, also make clear to your family you have no intent to commit suicide, esp. not with two shots to the back of the head.  That should be regarded as suspicious.  :)

Thu, 05/16/2013 - 17:27 | 3570844 francis_sawyer
francis_sawyer's picture

& thanks to 'truthseekers' [like yourself ~ SMG]... That constantly & vigilantly wield the truth scalpel... & remind everyone...

~~~

That's its NOT 'this'... It's 'that'...

The 'THIS-ERS' are proud to call you one of their own...

Thu, 05/16/2013 - 17:30 | 3570854 fonzannoon
fonzannoon's picture

Hey Francis I caught that reply you sent me the other day. That was pretty awesome. Nice job having your own blog site. Really interesting stuff.

Thu, 05/16/2013 - 17:36 | 3570868 whstlblwr
whstlblwr's picture

Then he caught you, too, right? ~ ~ ~ ..... This is the identifier for Francis [~ ~] He can keep it straight that way.

Thu, 05/16/2013 - 17:54 | 3570903 Black Swan 9
Black Swan 9's picture

What she said. :)

Thu, 05/16/2013 - 16:54 | 3570746 Ness.
Ness.'s picture

we thought it worth dusting off the archive and remembering Michael Burry.

Thu, 05/16/2013 - 16:58 | 3570757 Wile-E-Coyote
Wile-E-Coyote's picture

Did someone steal their clothes and they had to put on the curtains?

Thu, 05/16/2013 - 16:39 | 3570689 resurger
resurger's picture

They hate us for ...

Thu, 05/16/2013 - 16:42 | 3570693 francis_sawyer
francis_sawyer's picture

I fought the LAW & the LAW won...

~~~

http://www.youtube.com/watch?v=I0sI6eFarFE

Thu, 05/16/2013 - 16:42 | 3570704 prains
prains's picture

cheesepoops.......it's the new chip

 

eat it !

Thu, 05/16/2013 - 16:57 | 3570751 resurger
resurger's picture

If i say that the sun rotates around the earth then you believe that.

Kind Regards,

Captain Obvious.

Thu, 05/16/2013 - 18:01 | 3570912 thisandthat
thisandthat's picture

The whole fucking universe rotates around the earth - you just have to look out the window at night...

Captain Oblivious.

Thu, 05/16/2013 - 18:07 | 3570927 prains
prains's picture

are you sure it's not NYC that thinks everything rotates around it

Thu, 05/16/2013 - 20:36 | 3571251 thisandthat
thisandthat's picture

We need the impartial opinion of some Wall street bubblehead on this - what about this one: http://www.dealbreaker.com/images/entries/jcramer.jpg

Thu, 05/16/2013 - 20:58 | 3571300 prains
prains's picture

very life like in a plastic kinda way

Thu, 05/16/2013 - 18:26 | 3570975 Jendrzejczyk
Jendrzejczyk's picture

Is that a "CheesePope" outfit on the right?

 

Fri, 05/17/2013 - 01:52 | 3571973 Clashfan
Clashfan's picture

Play the real one, wankerstein! http://www.youtube.com/watch?v=4-1Ihwt48EM

 

Thu, 05/16/2013 - 16:40 | 3570698 random shots
random shots's picture

A lot of people saw it coming....but in this business being early is the same as being wrong. 

Thu, 05/16/2013 - 16:41 | 3570702 ParkAveFlasher
ParkAveFlasher's picture

Classic video. +1

Thu, 05/16/2013 - 16:42 | 3570703 Nid
Nid's picture

Who's the  doosh in the blue beanie with the fake accent?

Thu, 05/16/2013 - 16:44 | 3570707 venturen
venturen's picture

Burry for president!

Thu, 05/16/2013 - 16:45 | 3570711 GOSPLAN HERO
GOSPLAN HERO's picture

AUDIT AUDIT AUDIT - THANKS TO USSA GUBBERMINT.

Thu, 05/16/2013 - 16:45 | 3570713 Cacete de Ouro
Cacete de Ouro's picture

Well, after the bet (in hindsight) it might have been worth moving to South America.....

Thu, 05/16/2013 - 16:46 | 3570716 prains
prains's picture

Simon Black already bought all the alpaca's

Thu, 05/16/2013 - 18:52 | 3571040 IndyPat
IndyPat's picture

Well, short alpacas. I did see that coming.
I ALWAYS bet against alpacas and Simon Black.

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