This page has been archived and commenting is disabled.
Quote Of The Day: Fed's Fisher On Markets' "Monetary Cocaine" Addiction
Hawkish Dallas Fed head Richard Fisher was relatively outspoken following a speech this morning in Toronto as some insightful truthiness leaked out. As Money News reports, Fisher exclaimed,
"we cannot live in fear that gee whiz the market is going to be unhappy that we are not giving them more monetary cocaine,"
adding that,
"only time will reveal the efficacy of current policy and whether the risks that I and more experienced observers like Paul Volcker fret over are as substantial as we surmise, or whether we have made much ado about nothing."
Time indeed...
»
- 11542 reads
- Printer-friendly version
- Send to friend
- advertisements -
Cocaine is a hell of a drug!
http://www.youtube.com/watch?v=9PR_rzF8ofw
lol .. clip made that!
"So Mr. Tyler, where did all that QE go?"
"Up my nose!"
http://www.youtube.com/watch?v=ldqAFhIdOL8
With inside information like this I could make a bindle.
Looks like the afternoon dead-cat rampathon is starting early today.
He don't lie.
He don't lie.
He don't lie.
Cocaine.
but at least price discovery in street drugs is subject to the law of supply and demand rather than some remotely located bald, bearded technocrat banker.
Well, except during election years.
Up his nose.. it goes?
http://www.youtube.com/watch?v=E1mCWoPA5_w
I think the Fed (Bernanke and Yellen especially) get so fuckin high snorting cocaine from their assholes
I dunno. CIA prolly guilty of some manipulation when they step all over it and cut baking powder in it on the plane ride up. Ain't like I ever saw .999 blow, but that was a long time ago. Not sure what the cool kids and bankers are playing with these days.
I do NOT freebase cocaine:
http://www.youtube.com/watch?v=zMhgyzUC5S0
LOL!! So they think 70's style inflation is coming, that's why the taper. Now that's funny. The difference is that back then the private sector had no debt compared to what is held today. So, when the "economy" became weak due to govt debt/spending, there was no private debt floating around to soak up the excess, which resulted in the bout of inflation, and the resulting need for sky high interest rates. Now we have massive private and govt sector debt combined into one GLOBALLY, and why these ignorant cock suckers cannot figure out why a deflationary black hole ready to engulf half the fucking solar system is roaming free on this planet is beyond me.
A few days ago, Abe took out the great deflationary sword of death, coated in liquid QE, took a swing, AND DREW BACK NOTHING BUT A MELTED FUCKING HANDLE...........
Now look at them. The only way to stop this is take out the debt that CANNOT be monetized away, ie HOUSES.......
Until that occurs (and it will) absolutely nothing will change, housing will get even worse due to rates, higher rates will blow out ALL existing owners of ARM loans, 90+ delinquency rates spike, and we start all over again.
======================== NO JOBS MEANS NO NEW HOUSES, NO NEW NOTHING ============================================
This little rate raising fiasco here, is going to have severe consequences, but, it needs to happen.
So be it.
God forbid...70s inflation. Next disco, then...fucking Carter. I can't bear it.
well you have obama ripping off blacks, worse than disco music, hidden asset inflation.
how are you bearing it out now?
Or this guy!!!
http://www.youtube.com/watch?feature=endscreen&v=aNd1A7XBN9Y&NR=1
CNBS just aired a touching tribute from Bono to Warren Buffet .
Bono was serenading the Oracle of Omaha with a song.
I'm still a little misty eyed and that leg tingle just won't subside.
(rolling eyes)
Bono then went on to anally rape Warren's secretary kind of like the IRS does.
Bono holds the Guiness World Record for the the largest piece of crap weighing in at over 80 courics.....
i remember they would not let him fly during the turd trimester.
I blew off U2 about 1987. Everytime I think of Bono I think of Obama, and vica versa and then I want to slap all my Huffington Post friends nice and hard.
Bad? Angel of Harlem? Crumbs from your table? Silver and gold? I still don't have what Becky's looking for?
'Bono was serenading the Oracle of Omaha with a song.'
Yep, I threw up in my mouth.
Where was Becky?
I thought Sonny Bono was dead ?
I thought so too; something about running into a tree. But I don't really keep up on these things. I thought U-2 was an airplane.
http://www.gearfuse.com/wp-content/uploads/2010/10/cocaine-bear.jpg
LOL!
I buy blow and silver bullion on alternating fridays. To this point, you can guess which fridays I'm in a better mood for.
fed most be a boring place to work. all blow, no hookers.
given that its the secret service that looks into counterfeit currency, and there's so much money being printed by the fed, I'm sure that situation will soon be remedied.
I dunno know about that, cant imagine a place where people do more un natural things for money....
Sure the Fed has hookers, we just call them bankers.
Markets back up.
Happens when only the big banks are trading this shit
the daily 14:30 liquidity injection. I set my watch by it.
looks like someone just fed the algos a few kilos of crack.
CNBC will fearmonger the masses in to crying to their elected reps to refloat the DOW... It will come.
no one watches CNBC, certainly not the unwashed masses.
Well, I say pass that Bolivian Marching Powder this way, chief...cause this train is going off the fucking rails no matter what you do at the point in time.
Party down while you can for tomorrow you hang.
Fisher is prone to tell the truth. He gave a speech on May 28, 2008 where he clearly explained the problem with US debt and unfunded liabilities:
Again, the math is painful. With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income.
Today the number is $460,000 per citizen - the debt and unfunded liabilities per person.
http://www.dallasfed.org/news/speeches/fisher/2008/fs080528.cfm
"Hawkish Dallas Fed head Richard Fisher"
Yeah, after 5 years of QE (which he has supported), Fisher is about as believable as Bart Chilton.
these guys are scared to death of rising rates.. they do not want to see inflation or we are fouled.
who exactly is fouled? I think we have all lost sight of what the gameplan was all along.
who gets stung when inflation hits? The rich? You gotta be kidding.
The banks have printed money out the ass and bought everything in sight. At some point, they sit back, let inflation hit and torch the dollar. Then, as the dollar is burning to shit, they come out and tell us all it's time to take the real medicine. Spending cuts up the ass. Tx increases, you name it. Blame whatever or whoever you want.
Then, as inflation eats the middle and probably upper middle class alive, the big money comes in and buys everything that was left to buy.
You keep saying that word. Middle class.
I do not think that word means what you think it means.
Enigo Montoya reference +1
This market is only mostly dead....
Thanks, i do what i can here
I was actually trying for a R.O.U.S's reference, but I couldn't bend it enough to make it work
"But what about the B.F.L.T.???"
"A Banker Fueled Liquidity Trap??? I don't think it exists..."
Ben is truly a ROUS.
That's an image begging for the WB7 treatment...
Inconceivable!
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
~Barack Hussein OLenin~
Ben Bernanke is Tony Montana; "Say Hello to my leetle printer!"
"Monetary Cocaine" Mountain of QE
.... And green
Asset price histories that look like cocaine intoxications:
http://patrick.net/forum/?p=1223928
I used to do drugs, I still do, but I used to too.
-Mitch
Until he didn't
Funny how that works, eh?
Well, he was a funny guy.
Until he wasn't.
Well, the market will be a fun ride.
Until it isn't.
Tain't fun when that dip don't rip no mo
Gee Whiz Wally! When I snort coke the bubbles burn my nose something awful!
You can turn your back on a person, but never turn your back on a drug, especially when its waving a razor sharp hunting knife in your eye.
(Or when it has a printing press)
Apologies to the good doctor. Had to bring it into the current context.
The bathtub scene made me laugh till I had tears . . . "when it gets to part where the rabbit bites its own head off, throw the radio in the bathtub"
It was. That was one scene that really exceeded my expectations and was just how I imagined it when I read it years ago. Another was the scene in Circus Circus....when Oscar asks the trapeze girl if she fucked the bear...oh shit, that's good stuff...
And Flea licking LSD off his sleeve was nice touch, too.
God, I wish Hunter was here. So much grist for his mill in the current climate. Another funny guy, until he wasn't.
let's get down to brass tacks.
how much for the ape?
“With a bit of luck, his life was ruined forever. Always thinking that just behind some narrow door in all of his favorite bars, men in red woolen shirts are getting incredible kicks from things he’ll never know.”
? Hunter S. Thompson, Fear and Loathing in Las Vegas
The real story here...
http://articles.latimes.com/2005/feb/27/books/bk-hunterthompson27
Ben the snow tubing Bernake might be the biggest pusher in the world.
http://www.businessinsider.com/look-around-your-office-at-least-one-pers...
Fisher and the rest of the those at the Fed know they won't be stopping the supply of cocaine anytime soon to WallStreet. He just honest in saying how addicted they are to it.
As long as the 'spice' flows to the cheesepopes of the world, the facade of 'order' will be visible...
Awesomeness, pure awesomeness, FS.
Wish I had said that
The Fed will be force feeding the market until it keels over from a heart attack. Even then, it will be stuffing nickel bags into its twitching corpse...
Driving that train, high on cocaine,
Big Ben YOU BETTER, watch your speed.
https://www.youtube.com/watch?v=rLs_0h9_wXM
We are long past any Economic Cocaine comparisions. People on cocaine are still reasonable and can be reasoned with. This Economy got bored with cocaine somewhile back and moved onto meth. It's now toothless luntic robbing school kids at knife point for their lunch money.
People on cocains are still reasonable and be reasoned with" The Fuck you say ! You sure didn't know the same people on cocaine I did ! When you have to point to the lead lumps in the front of the revolver you have aimed at their face and remind them they're bullets to get them to back off, I don't call that reasoning with.
Has anyone tried the Zerohedge Chat function.. I had no idea we could do live chat. In your profile if you enable it.. Very nice feature for like minded people
you're not supposed to mention it lest the govmint gets a search warrant for any and all chat records.
Benny's a hustler baby, QE 4 Life
Off topic but next up on GMO scandals. Ingesting human DNA over a long period of time has known health risks aka we know it from cannibalism, this may not be human flesh but the same risks should apply.
http://worldtruth.tv/human-genes-engineered-into-experimental-gmo-rice-b...
Human Genes Engineered Into Experimental GMO Rice Being Grown in Kansas
Unless the rice you buy is certified organic, or comes specifically from a farm that tests its rice crops for genetically modified (GM) traits, you could be eating rice tainted with actual human genes. The only known GMO with inbred human traits in cultivation today, a GM rice product made by biotechnology company Ventria Bioscience is currently being grown on 3,200 acres in Junction City, Kansas -- and possibly elsewhere -- and most people have no idea about it.
Since about 2006,Ventria has been quietly cultivating rice that has been genetically modified (GM) with genes from the human liver for the purpose of taking the artificial proteins produced by this "Frankenrice" and using them in pharmaceuticals. With approval from the U.S. Department of Agriculture (USDA),Ventria has taken one of the most widely cultivated grain crops in the world today, and essentially turned it into a catalyst for producing new drugs.
Originally, the cultivation of this GM rice, which comes in three approved varieties (http://www.aphis.usda.gov/brs/biotech_ea_permits.html), was limited to the laboratory setting. But in 2007,Ventriadecided to bring the rice outdoors. The company initially tried to plant the crops in Missouri, but met resistance fromAnheuser-Buschand others, which threatened to boycott all rice from the state in the event that Ventria began planting its rice within state borders (http://todayyesterdayandtomorrow.wordpress.com).
So Ventria's GM rice eventually ended up in Kansas, where it is presumably still being grown for the purpose of manufacturing drugs on 3,200 acres in Junction City. And while this GM rice with added human traits has never been approved for human consumption, it is now being cultivated in open fields where the potential for unrestrained contamination and spread of its unwanted, dangerous GM traits is virtually a given.
"This is not a product that everyone would want to consume," said Jane Rissler from theUnion of Concerned Scientists(UCS) to theWashington Postback in 2007. "It is unwise to produce drugs in plants outdoors."
Though receiving tens of thousands of public comments of opposition, many rightly concerned about the spread of GM traits, the USDA approved open cultivation of Ventria's GM rice anyway. This, of course, occurred after the U.S.Food and Drug Administration(FDA) had refused approval for Ventria's GM rice back in 2003 (http://www.kansasruralcenter.org/publications/PharmaRice.pdf).
GM 'pharmaceutical' rice could cause more disease, suggests report
Besides the threat of contamination and wild spread,Ventria's GM rice, which is purportedly being grown to help third-world children overcome chronic diarrhea, may conversely cause other chronic diseases.
"These genetically engineered drugs could exacerbate certain infections, or cause dangerous allergic or immune system reactions," said Bill Freese, Science Policy Analyst at the Center for Food Safety (CFS), who published a report back in 2007 about the dangers of Ventria's GM rice.
You can view that report here:
http://www.centerforfoodsafety.org
Sources for this article include:
http://www.organicconsumers.org/ge/humangene042505.cfm
http://www.washingtonpost.com
http://www.worldwatch.org/node/4956
http://todayyesterdayandtomorrow.wordpress.com
http://www.naturalnews.com/035745_GMO_rice_human_genes_Kansas.html#ixzz1tqzFZAjZ
Geez, do they have to fuck with beer, too?
I'm gonna have to rethink a lot of shit if Anheuser-Busch manages to save us from GMO
Crisp Ben Franklin $100's rolled really tight are the best, especially in batches of a Billion straight from the FED.
Did your mothers warn you about cheap and easy things whether it be money, whores, drugs etc........ Apparently the socialist state mother is the most dysfunctional parent of them all.
I thought Ben will larger and larger dosage of Tylenol to treat the cancer in us economy.
Well, I'll be the muppets have bid up their precious again; 1622. Lucky for that message that made it through my tin-foil hat this morning telling me to close my shorts at 1595. You can't fault these people for their enthusiasm; brains, maybe; but not enthusiasm.
Cocaine Decisions. FZ
At some point you have to just say: "what the fuck?!?"