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What Happens When A "Breaking Bad" Plot Goes Bad?
While the following may look like a broken scene from "Breaking Bad" (one wonders just how much methylamine was on the train) we couldn't help but see the analogy of an oncoming train (no tunnel, so no warning light this time) of inevitable default, whether in one week or later, and the USA sat square across the tracks as reserve currency status (as we discussed last night) becomes increasingly challenged.
Or is this how Boehner will feel after today?
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It'll buff out.
http://www.newswest9.com/story/23650905/train-hits-semi-truck-in-midland...
100 gallons of diesel spilled and no fire.
Now let's try this with Model S.
Or, just have Michael Hastings drive it. It'll find a way to explode.
If it were jet fuel it would've burned for weeks as molten hot steel.
Start a new season?
Holy smokes! Crazy. What's crazy is the guy in the car filming is lucky that the rear cars didn't derail and start sliding out towards the back of his vehicle.
Top 30 Worst Train Crashes in History Train Crash Compilation 2013https://www.youtube.com/watch?v=5zrPNTDAtMQ
Ah ha ha ha!
I love how the guy gets out of the truck and then...wait for it...shuts the door.
Yeah, that's the right thing to do in that situation. Good call.
Default! Yeah, bitch! Magnets!
The liberal media is telling them Americans blame the GOP....so they believe it !
The dems refuse to negotiate, and America blames the GOP ??
Executive Order # 3704391:
You can be Prez as long as you want.
Those chinks make some poor quality methylamine...melamine though good foor baby food...adds viscocity.
jeebus!! i hope the guy got out.
It's a great analogy to US insofar as it's hard to stop debt momentum from eventually causing collapse and crushing the dollah
And it feels right this time
On his crash course with the big time
Paid no mind to the distant thunder
Today filled his head with wonder... boy
Says it feels right this time
Turn around and found the light lime
Good day to be alive... sir
Good day to be alive he said
Then it comes to be that the soothing light
At the end of your tunnel
It's just a freight train comin your way
Then it comes to be that the soothing light
At the end of your tunnel
It's just a freight train comin your way
Don't it feel right like this
All the pieces fall to his wish
Sucker for that quick reward... boy
Sucker for that quick reward they said
Then it comes to be that the soothing light
At the end of your tunnel
It's just a freight train comin your way
I was told a long time ago that drinking doesn't solve anything.
But then again, who the hell said I was trying to solve anything?
Drink or Die, indeed. I think I'll be having one after the kids get to bed in a couple hours.
Seriously, how do you take care of kids without drinking?. Mine are satiated with me...must be lite weight.
Thanks for that - nice with the SFO.
Never - if defined as a boundary, real or imagined, natural or imposed, can we break through?
Boundaries are being created to limit personal freedoms, to imposed financial servitude, to stifle our human spirit.
Does one accept these never-move-beyond concepts, or do we break through?
If they "default" they can always do what they did with Greece and just agree it wasn't a default. I'm serious. Once you start down the denial path anything is possible.
ANYTHING!
Rational is no longer even a consideration.
<From sublime to suicidal in a blink of the eye.>
True, but back in reality land.... you can almost FEEL the capital of this country eyeballing the exits, sitting in chairs near every door that leads out. If only they knew where to go once they were outdoors, they would already be gone.
Isn't this pretty much what happened in 1971?
A default is a default, of course, of course,
And no one can say it ain't a default, of course,
That is, of course, unless the default is the famous Mr. Buck.
Go right to the source and ask the note,
He'll give you the answer that you'll endorse.
He's always on a steady course.
Talk to Mister Buck.
People yakkity-yak on Wall Street and waste away the day
But Mr. Buck will never default unless he has someone to pay.
This time is different though.........
Actually it is. This time around the USD is the world's reserve currency. I suspect that if it weren't it would have long since blew up. Too many folks out there holding USDs and not wanting to make too quick a move lest trigger a certain collapse (in which case debating over what "default" means is kind of moot).
It has everything to do with the USD. As Paul Craig Roberts put it, POTUS could just declare a national emergency (thanks to the powers enacted during the Bush era); the Fed could lend the US govt whatever it needed to hold it over (which is really what's been happening anyway). In a nutshell: all the talk about "default" is pretty much meaningless (yeah, debts matter, but at this point the debt is so huge that there's NO way out).
".....but at this point the debit is so huge that there's NO way out."
No way out without consequences.
There actually IS a way out......but it requires lots of pain all around. So they would rather watch as the gangarene travels up the leg and into the torso.
In response to my wife's damning of all that is political, I reminded her that we have had the greatest existence of any human beings in the history of mankind, and we did it by sacrificing our children's future by our lifestyle.
We cried together over our shame and then had another glass of Pinot.
Don't derail me bro!
Hope the train crew was ok.
Holy Smokes! By Golly!
It is obvious the guy that videotaped it was the one that parked the truck on the tracks.
Real men don't use "Dude"
Great Observation Q99x2! When the videographer was a boy, he used to put pennies, then nickles, then quarters on the train tracks - COOOOOL, but that got old. It's the same approach they use for QE.
When you really don't care what happens to the country so long as you win your political fight, you can take any damned position you want.
Actually, this train wreck is a MUCH better anology:
https://www.youtube.com/watch?v=azV5bC2br-Q
At 1:09, the train starts to go off the rails
At 1:14, you can see the consequences starting to form in the distance
At 1:26, there is not a thing you can do but sit back with some popcorn and watch everything unfold in front of you....
Chuck Berry. 05 - She Was The Beer Drinkin' Woman - BBC Theatre,
http://www.youtube.com/watch?v=45MYIE3MgJ8
.
Til the Money Runs Out
http://www.youtube.com/watch?v=eHl7HEQt0C4
http://www.theonion.com/articles/psychiatrists-deeply-concerned-for-5-of...
Psychiatrists Deeply Concerned For 5% Of Americans Who Approve Of CongressSatire? It shouldn't be.
New service automatically connects your phone to a random member of Congress so you can yell at them
http://drunkdialcongress.org/
Lulz.
When I was a drunk, I thought the world was full of arseholes.
Now I'm sober, I know it is,
Most ZH commentators excluded,
This is still all theater.
Boner is a drunk and everyone knows it. He has more skeletons in the closet, so like too many closet-subs, he is a hard drinking ass in public and wears a Little Bo-peep outfit in the weekend dungeon. He will cave and the rest of the RINOs will jump in bed with the New American Fascist Party AKA the Democrats.
Cantor is another RINO, who will make sure Reid, Lew and the Fed (Obama is irrelevant) get what they need to keep the ship upright.
There are trillions more to be printed before the curtain closes.
Don't see why you're hating on Boehner - he's been pretty tenacious so far. As for his drinking? What's his brand? - maybe i should try it.
Hey we got the markets up.. Can't we just pretend again tomorrow we have another deal and get another 28 SP points...
"And these are your markets.. Welcome to the recovery.."
- Timmy Biden
I wish I could see these videos, I don't have javascript or whatever so all I see is a black box where the video should be. There's not even a link posted for the video, but whatever...
I'll just use my imagination, so The train conductor was smoking meth and Ron Paul was watching as Ben Shalom got ran over by the train? Am I close?
Two guys are filming from quite a distance, a tractor-trailer rig that is stuck on a railroad as a train approaches. The driver gets out of the truck. A short time later, the train plows thru the truck as if it were made of cardboard. The guys watching make earthly exclamations like "Holeeee Shheeeet!" "Damn....". Hope this helps.
Too bad some congresscritters weren't in the truck!
I am glad the truck driver escaped. Would he like a job driving stretch limos for lobbyists and senators?
There IS light at the end of the tunnel... problem is there's MORE THAN ONE LIGHT, each coming from BOTH DIRECTIONS, and there's ONLY ONE TRACK
We are TOAST
Hey, that train is The Comet and it has Kip Chalmers on it and it has to get to California ASAP. So I don't care if it IS an old coal-burning engine-send it through the Taggart Tunnel NOW or it's your job.
What could go wrong?
My guess is that it doesn't happen now with all this debt ceiling nonsense. Yet another fabricated crisis, like Syria and countless others, to be magically resolved so the markets can rally another 10%. I imagine the trainwreck happens with Yellen in the engineers car. It will be because she decides to announce ZIRP until 2020 minimum, that QE continues until unemployment hits 4% at a minimum and unless inflation hits 5%. She believes in the free lunch and feels there are no consequences to QE, NGDP targeting and ZIRP because there haven't been consequences as of yet. She wants to be able to walk into a room and say, "You think Greenspan and Bernanke had balls? Well, check THESE out!" She has the blinders on and is looking at the stupid 2 part mandate and saying she should do more because she isn't meeting the mandate. It's that simple.
Romer, who is Yellen's best chum, was on Charlie Rose basically saying that Janet feels the Fed should be doing even more and that it is too soon to pare back.
It is up to the markets to break the lunacy and, as of yet, they don't seem up to the task. But they will. They always do eventually.
Didn't that guy know that he was supposed to get all worked up and excited and point the camera down right before the impact while screaming swear words? /s
Seriously though, I hope nobody was hurt...unless the truck cab was stuffed full of bankers.
Oh, I thought you were supposed to just keep saying WHOAH! JEEPERS! WOWIE! GEEWHIZ! WHOAH! WOWIE-ZOWIE!
I know that's how Edward R. Murrow did WWII. "Hello, I'm speaking to you now from London. It's quiet. Very quiet. The Germans are expected overhead at any..." BOOM! "WHOAH! WHOAH! WOW! THAT WAS A BIIIIIIIIG EXPLOSION! WHOAH! WOW! GEEE-WHIZ!"