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This Is What Happens When You Ask Too Many (Or The Wrong) Questions
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)...
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Re run?
http://www.zerohedge.com/news/dr-michael-big-short-burrys-brutal-hangover-inevitable-state-world-ucla-commencement-speech
It's the new TD rerun hustle
http://www.youtube.com/watch?v=yI2LvmmMfnQ
The new stuff will be out in the fall...
Windfall tax on precious metals. Govt only likes profits when they can get a cut of the action.
McCain's gonna need a bigger fence.
A re-run but still great. Burry is the best.
http://www.scioncapital.com/
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.
"It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair
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...
what is donald southerlan duing there?
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.
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?)
Komrade Burry is a dangerous subversive.
JUST BREAKING !!!!!!
IRS Official in Charge During Tea Party Targeting Now Runs Health Care Officehttp://abcnews.go.com/blogs/politics/2013/05/irs-official-in-charge-duri...
Ha! They just don't give a fuck~! Damn the torpedoes(press, public)! Full speed ahead! Comrades!
So, it won't be frrrreeeeeeeeeeee?!?!?
Whocouldaknowd?
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?
It is not necessary to do any 'handing-over'
Uncle Sam 'reaches in'....
Damn, I was hoping for a reach around. . . .
Your posts route through Utah. You can't scrub the mutliple copies.
http://www.wired.com/threatlevel/2012/03/ff_nsadatacenter/
They let him speak? I am surprised a trap door didn't open up in the stage, and swallow him.
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.
"...we thought it worth dusting off the archive..."
Right -- it's their point. This time isn't different.
If we can't kid each other..., who can we kid?
(certainly not the gubbermint)
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.
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. :)
& 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...
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.
Then he caught you, too, right? ~ ~ ~ ..... This is the identifier for Francis [~ ~] He can keep it straight that way.
What she said. :)
we thought it worth dusting off the archive and remembering Michael Burry.
Did someone steal their clothes and they had to put on the curtains?
They hate us for ...
I fought the LAW & the LAW won...
~~~
http://www.youtube.com/watch?v=I0sI6eFarFE
cheesepoops.......it's the new chip
eat it !
If i say that the sun rotates around the earth then you believe that.
Kind Regards,
Captain Obvious.
The whole fucking universe rotates around the earth - you just have to look out the window at night...
Captain Oblivious.
are you sure it's not NYC that thinks everything rotates around it
We need the impartial opinion of some Wall street bubblehead on this - what about this one: http://www.dealbreaker.com/images/entries/jcramer.jpg
very life like in a plastic kinda way
Is that a "CheesePope" outfit on the right?
Play the real one, wankerstein! http://www.youtube.com/watch?v=4-1Ihwt48EM
A lot of people saw it coming....but in this business being early is the same as being wrong.
Classic video. +1
Who's the doosh in the blue beanie with the fake accent?
Burry for president!
AUDIT AUDIT AUDIT - THANKS TO USSA GUBBERMINT.
Well, after the bet (in hindsight) it might have been worth moving to South America.....
Simon Black already bought all the alpaca's
Well, short alpacas. I did see that coming.
I ALWAYS bet against alpacas and Simon Black.
"This is what happens, Larry!!"
Terrorist.
Why is he still walking around? Why hasn't he been droned?
Come on Obama.....what are you waiting for? After all.....Bush gave you all the tools and laws (and lawlessness) needed !
Citizen.....Schmitizin......bombs away. Or ship him to Benghazi for the rebuild.
Or just have Eric Holder escort him to Hillary's house for a little education about Vince Foster and Jerry Parks.....
"According to Ambrose Evans-Pritchard in a 1996 Telegraph (UK) article, Hillary Clinton asked Vince Foster to help her spy on her libertine husband in 1990. Foster hired Jerry Parks, an Arkansas investigator who later worked as the head of security for the Clinton/Gore campaign. According to Parks's widow, "Jerry asked Vince why he needed this stuff on Clinton. He said he needed it for Hillary." When Vince Foster showed up dead in a Washington-area public park in the summer of 1993, Parks was terrified. Two months later Parks was shot nine times at close range, at a stoplight, in his SUV, in Little Rock. Parks's home was then raided by eight Federal agents, including officers from the FBI, IRS, Secret Service, and (unusual for a domestic case) the CIA."
Parks was the worst and most determined case of suicide Little Rock PD have ever seen.
Mena AK. A lot of people died because of what they saw.
The Clinton Body Count
http://whatreallyhappened.com/RANCHO/POLITICS/BODIES.html
Holy Shit....this is just breaking....
IRS Official in Charge During Tea Party Targeting Now Runs Health Care Officehttp://abcnews.go.com/blogs/politics/2013/05/irs-official-in-charge-duri...
IRS AGENT: So...I see you are a Tea Bagger.....NO STENT FOR YOU !!!!!
http://www.zerohedge.com/news/2013-05-13/santelli-irs-witch-hunt-repurcu...
fucking sad to read really.
what goes around comes back 100X fold
Clinton, like Obama, is a CIA plant; they love that "broken family" narrative, makes the recruits more cold-blooded and pliable.
All this is detailed in Roger Morris' book about the Clintons, Partners in Power. Morris, a serious CIA-Cold War insider, shows how Clinton, then William Jefferson Blythe, changed his name to that of his hated dead step-father, Roger Clinton Sr. because of his step-uncle, Raymond 'Buddy' Clinton's influence. Raymond was THE godfather of the Dixie Mafia, operating gambling, bookmaking, whorehouses, behind the facade of legit car-dealerships in Hot Springs, AR.
Raymond introduced his bright, gregarious step-nephew (frm the brioken family) to the CIA thru his (Raymond's) association to New Orleans Sicialian mobster Carlos Marcello, who did a lot of 'wet-work' for the outfit in Cuba, where he (Marcello) had lost a bundle when Castro took over.
They're both cardboard cutouts; ditto for W. Bush when the outfit took Daddy Bush's word on fuckup #1, junior.
Jun-ior...come in der boye youre critters is ready..
"I remember meeting a mother of a child who was abducted by the North Koreans right here in the Oval Office." --George W. Bush, Washington, D.C., June 26, 2008"
"right here in the Oval Office", no wonder we are urged to be vigilant, no place on earth is safe!
"THE DARK AGES OF FINANCE ALLOW NO SUCH LIGHT"
Economic Fundamentalists put the 'fun' in depression.
Is that his handler behind him on the left?
Hey, it's Westwood man. That's about as close to Hollywood as you can get without being in it.
That video is from 2012. Did an intern post this?
That gives his story a lot more credibility as far as I'm concerned. He's not just jumping on the bandwagon.
...more importantly, Angelina Jolie just got a double mastectomy and both ovaries removed, WTF???
The UN determined they were the cause of global warming.
This is all just MSM brainwashing of the sheeple by Holywood illusionists telling you that it is okay to let others destroy your body out of fear in order to save you
Kind of a medical version of we need to take away your rights to protect you from ter rorists
Next she'll be saying she was at high risk for brain cancer so she's having her head cut off by a guillotine to save her
Bingo!!!
...more importantly, Angelina Jolie just got a double mastectomy and both ovaries removed, WTF???
Her new nipples will be put to the test lifting 10lb dumbells on a future epsisode of "America's Got Talent"
Way off topic, but there's science backing that decision up. One of my ex GFs is in the same boat as A.J. is, had breast cancer twice before 30 and no woman in her family has made it past 50 due to cancer, and most have had it multiple times.
There's a highly specific pair of genetic defects, (named BRCA1 and BRCA2) that appear at very high frequency among women ashkenazi jews (which Jolie is). If you have these mutations, you're basically fucked, but if they do the mastectomy/ovary removal, the lifespan is nearly normal.
Plenty of medical conspiracies around, but this ain't one of them.
Methinks you have done little research on this.
It would appear that some variants of said gene actually protect from breast cancer.
Lifestyle is probably the biggest influence on the incidence of cancer that we have control of.
All those 'harmless chemicals' that corporations put in the air we breath, the water we drink and the food we eat are large part of the problem too and we have little control of those due to political 'fund raising' aka BRIBERY and regulators that don't regulate.
Jolie is a 'cutter' - cuts herself due to psych issues. Google it. Hence, she had her gear cut off.
Great speech. And yet one year later , market keeps going up and gold keeps going down.
Gold dropped 30% before the stock crash of 2008. So this is nothing new, just worse in scope and magnitude.
Gold will do just fine for those willing to stomach the ongoing buffoonery of the FED, UST and bullion banks.
Apparently the same happens when people are asked to many questions.....what the f bombs has our country become? I mean whaat (http://www.washingtontimes.com/news/2013/may/16/feds-gave-witness-protec...) now we find terrorists, hide them from the public, lose track of a few, and you know its all good.
"Or just have Eric Holder escort him to Hillary's house for a little education about Vince Foster."
Looks like they better take this retired Admiral along too.
http://beforeitsnews.com/terrorism/2013/05/retired-4-star-admiral-blows-...
Could THIS be the fourth shoe to drop? This possibility of a faked kidnapping to make the head puppet look good before the election was discussed just after the Benghazi-gate event happened. This at the time seemed very possible, and then the story was obfuscated. Now it is back on the front burner and really getting so hot, the babylonians are scared and in a croner which make them dangerous. It's the one legged one eyed chicken with a switch blade in one hand, and the finger on the 'button' in the other.
http://misplacednews.com/the-shocking-gun-running-operation-in-the-bengh...
http://www.saveamericafoundation.com/2013/05/14/benghazi-gate-the-worst-...
It is obviously probable that the Benghazi-gate STAGED event contained both the elements of a botched kidnapping event, and or has a lot to do with the illegal arms smuggling. Take your choice, all of this is absolutely awful and the United States of America has NO BUSINESS hiring mercenary armies with American tax payer dollars so the banksters can profit from more useless baseless wars as the rest of America goes broke. It is all just plain ol wrongo-dongo!
STOP ALL THESE WARS FOR THE BANKSTER PROFITS AND POPULATION REDUCTION AGENDAS. BRING ALL OUR TROOPS HOME NOW!
Or we'll send the Assyrians after the Babylonians.
married to an Assyrian, you're not gonna want to do that
somebody gets hurt
You have loads of shitheads like Limbaugh who is a supposed conservative saying Obama cannot be impeached.
Benghazi is huge and powerful people in military intel are pissed. I think Benghazi hits him hard and the murder of Seal Team 6 finishes it.
I think taking out a life insurance policy on Mr. Burry could bring a handsome return.
Get in early and get in often. Together, we could work for Goldman in their subprime division. Michael, kevlar shares are a hot item.
Yup.
This guy is a fucking hero. He'll be disappeared.
This might also be the most profound and important video ZH has ever posted.
Ahem....there's that pesky "suicide clause"
Insurance won't pay shit
http://wikileaks-movie.com
Uncle warren spanked him for betting against dairy queen, cherry coke, big train sets -- all things american including a "handsoff" surface transportation board and the continuance of inequitable tax ploicies that ensure the demand for products being pedalled by uncle warren's insurance companies.
What he wanted to say was that college(indoctrination) was one of biggest wastes of time in my life. Sadly he didn't have the guts to tell a graduating class that. How ironic would that be...
And now that we are in the most hated cotton candy rally in history - this is a good reminder.
C'mon Ben, end QE and put rates at 6% so we can see how real this recovery is; I double dog dare you!
what was that in the matrix about de ja vu, again ?
4.5 years and counting the keynesian limosine liberals banker thieves on wall street have taught us the hard way what happens when you bet logically and against the fed. I now wonder if there are any fundamental, Austrian school minded investors left? Still, a Michael Burry or John Paulson will show up when things get double 4 way acid hit surreal as seems increasingly to be the case.
Here's the Op-Ed that he wrote in the NY Times. He was audited within two weeks...
Op-Ed Contributor - I Saw the Crisis Coming. Why Didn’t the Fed? - NYTimes.com
http://www.nytimes.com/2010/04/04/opinion/04burry.html?pagewanted=all&_r=0
Note to self: If I make a fortune shorting the S&P 500 and going long gold, don't write a letter to the NY Times about it.
Great speech by the way. Much more convincing than 99.9% of what I hear in the MSM about the world of economics and finance.
Here is the original op-ed: http://www.nytimes.com/2010/04/04/opinion/04burry.html good read.
The resulting harassment he recieved just confirms that so many in and in bed with the government have little desire for the truth and are most concerned with saving face or having history see them as credible. It should make you ponder the likes of the ECB, Paul "the world is flat" Krugman, the Fed, Jamie Dimon and most recently the POTUS and attorney general who are willing to do or say anything to maintain their level of power, influence, and wealth while escaping culpability for anything sinister or criminal. In the end God will be the judge and there will be no escaping the truth.
And collectively as a nation we will continue to bend over and let Uncle Sam have his way.
BOOM!
BTW, I think that might be Bernanke behind him with a gun under his robe
Don't fuck with the Empire. That Americans find this amazing just shows you how valuable a Classical education is and how vapid the argument that you should only educate to the economy and jobs.
"Greek and Latin history is WORTHLESS!!!" screams GOP, needing more ignorant slaves.
-> Bum fucked in a dystopian prison system.
History Scholar: "Well, DERP, you never seen how this works before?".
p.s.
This is old meat. Most of us know this... I had hoped? I saw this within 30 mins of him saying it.
Bury is one of the few who deserve the Medal of Freedom, unlike some others.
I bet against America, and won…..
Priceless
So did Goldman Sachs and every other terrorist organization that bought credit default swaps starting in early 2005, when they saw the inevitable result of their fraud.
not to be a dick, but isn't this like a year old?
Sorta being a dick cause you didn't read it.
Good to see a true American get some oxygen for a change.
Unfortunately, when the chemtrails stop and the sun shines through,
Mr. Burry will slowly fry to a crisp along with the rest of the animals
and plants on planet Earth.
Did the Fed's sieze Bitcoin???
not
This is what happens when you say thing con artists don't want to be known: http://rationalwiki.org/wiki/Zero_Hedge
off topic
Apple / Foxconn
As zerohedge questiones some weeks ago - its becoming reality in the near future:
Foxconn Apple’s longtime collaborator that manufactures Apple’s iPhones and iPads, and Apple might break up their business arrangement in the near future.
more:
Foxconn stops Apple
“Foxconn senses Apple’s best time has come and gone,”
Ouch.
Yeh Bernanke and the DC mob. They are blowing the faces off children by the 1000s and don't want to get caught or researched as to how they do it. They didn't teach him much over there at the U.C.L.A.
Sounds like he's been eating the G.M.O.
I don't care about gold but Land speculators must be regulated, they are not ready or willing to use the land they hold, they just deny its use to others. How banksters can create so much Libertards???
a big ol' tip of the hat to doomandbloom for the first smack on topic post....
ty.
all hail the veteran zhers.
:)
Even more damning, he bet against Goldman Sachs and won. Apparently in the eyes of our government and regulators that’s impossible for any relative unknown in the financial community to do, and worthy of an audit right there.
Now what would make them feel like that?
We are in the Dark Ages of Finance bitchez.
http://www.youtube.com/watch?feature=player_embedded&v=ISkqQ3hpW5E#!
We are at the mouth of the pit of hell.
"In a time of universal deceit - telling the truth is a revolutionary act."
George Orwell
Sounds like he got a dose of the police state. hujel
Good thing he abandoned medicine, obama care would doom him to be just another govt. controlled employee.
He made that speech before the revelations of the past week where obama and Holder have launched attacks on everyone that they conceived as a political opponent, 500 small time tea party organizations to campaign contributors. Obama knows nothing about medicine yet he forced obama care on our country and this fellow has degree in medicine plus economics and understands economics better than this entire administration. He gets audited and obama gets AF1 and a Nobel prize.
Gold's going on sale. Back the truck up.