This page has been archived and commenting is disabled.

Consider This...

Tyler Durden's picture





 

Today's modest bounce in stocks - considerably removed after-hours - does not provide much hope for those looking to buy the dip with the Dow still down over 1000 points year-to-date. In fact, as we discuss below, troubling news just continues to pour in from all over the world... consider the following...

 

Submitted by Michael Snyder of The Economic Collapse blog,

Overall, the Dow has now fallen more than 1000 points from the peak of the market (16,588.25) back in late December.  This is the first time that we have seen the Dow drop below its 200-day moving average in more than a year, and there are many that believe that this is just the beginning of a major stock market decline.  Meanwhile, things are even worse in other parts of the world.  For example, the Nikkei is now down about 1700 points from its 2013 high.  This is causing havoc all over Asia, and the sharp movement that we have been seeing in the USD/JPY is creating a tremendous amount of anxiety among Forex traders.  For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable.

Unfortunately, there does not appear to be much hope on the horizon for investors.  In fact, troubling news just continues to pour in from all over the planet.  Just consider the following...

-Major currencies all over South America continue to collapse.

 

-Massive central bank intervention has done little to slow down the currency collapse in Turkey.

 

-Investors pulled more than 6 billion dollars out of emerging market equity funds last week alone.

 

-The CBOE Volatility Index (VIX) has risen above 20 for the first time in four months.

 

-Last month, new manufacturing orders in the United States declined at the fastest pace that we have seen since December 1980.

 

-Real disposable income in the United States has just experienced the largest year over year drop that we have seen since 1974.

 

-In January, vehicle sales for Ford were down 7.5 percent and vehicle sales for GM were down 12 percent.  Both companies are blaming bad weather.

 

-A major newspaper in the UK is warning that "growing problems in the Chinese banking system could spill over into a wider financial crisis".

 

-U.S. Treasury Secretary Jack Lew is warning that the federal government could hit the debt ceiling by the end of this month if Congress does not act.

 

-It is being reported that Dell Computer plans to lay off more than 15,000 workers.

 

-The IMF recently said that the the probability that the global economy will fall into a deflation trap "may now be as high as 20%".

 

-The Baltic Dry Index is now down 50 percent from its December highs.

If our economic troubles continue to mount, could we be facing a global "financial avalanche" fairly quickly?

That is what some very prominent analysts believe.

Below, I have posted quotes from five men that are greatly respected in the financial world.  What they have to say is quite chilling...

#1 Doug Casey: "Now is a very good time to start thinking financially because I'm afraid that this year, in 2014, we're going to go back into the financial hurricane. We've been in the eye of the storm since 2009, but now we're going to go back into the trailing edge of the storm, and it's going to be much longer lasting and much worse and much different than what we had in 2008 and 2009."

#2 Bill Fleckenstein: "The [price-to-earnings ratio] is 16, 17 times earnings," Fleckenstein said on Tuesday's episode of "Futures Now." "Why would you pay 16 times for an S&P company? I don't care about where rates are, because rates are artificially suppressed. Why isn't that worth 11 or 12 times? Just by that analysis, you'd be down by a quarter or 30 percent. So there's a huge amount of downside."

#3 Egon von Greyerz of Matterhorn Asset Management: "Nothing goes (down) in a straight line, but the emerging market problems will accelerate and it will spread to the very overbought and the very overvalued stock markets and economies in the West.

So stock markets are now starting a secular bear trend which will last for many years, and we could see falls of massive proportions. At the end of this, the wealth that has been created in the last few decades will be destroyed."

#4 Peter Schiff: "The crisis is imminent," Schiff said.  "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems."

"We're broke, Schiff added.  "We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."

#5 Gerald Celente: "This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere…

So as the decline in their economies accelerates, you are going to see the civil unrest intensify."

-----

Those that do not believe that we could ever see "civil unrest" on the streets of America should take note of what just happened in Seattle.

After the Seahawks won the Super Bowl, fans celebrated by "lighting fires, damaging historic buildings and ripping down street signs".

If that is how average Americans will behave when something good happens, how will they act when the economy totally collapses and nobody can find work for an extended period of time?

We are rapidly approaching another great financial crisis.  Unfortunately, we didn't learn any of the lessons that we should have learned last time.  It is being projected that the debt of the federal government will more than double during the Obama years, the "too big to fail banks" have collectively gotten 37 percent larger over the past five years, and the big banks have become more financially reckless than ever before.

When the next great financial crisis arrives (and without a doubt it is inevitable), millions more Americans will lose their jobs and millions more Americans will lose their homes.

Now is not the time to be buying lots of expensive new toys, going on expensive vacations or piling up lots of debt.

Now is the time to build up an emergency fund and to do whatever you can to get prepared for the great storm that is coming.

As you can see from the financial headlines, time is rapidly running out.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 02/04/2014 - 21:27 | Link to Comment The Gooch
The Gooch's picture

It's just a correction.

BTF Detroit.

Tue, 02/04/2014 - 21:32 | Link to Comment Newsboy
Newsboy's picture

Gold, physical gold, Quick!

Tue, 02/04/2014 - 21:36 | Link to Comment kaiserhoff
kaiserhoff's picture

Abe just did a 180 and China finally admits they have a corruption problem.

I wouldn't look for much help from Asia.

Tue, 02/04/2014 - 21:46 | Link to Comment economics9698
economics9698's picture

"For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable."

 

lol, ya think?

Tue, 02/04/2014 - 21:55 | Link to Comment TerminalDebt
TerminalDebt's picture

Big Banks using the market to send congress a message, raise the debt ceiling or else Rome will burn

Tue, 02/04/2014 - 22:01 | Link to Comment Supernova Born
Supernova Born's picture

The rip on Seattle post Superbowl is unwarranted. Frat boys burned some old bedbug furniture in the middle of a street, a few street signs were bent when revelers climbed them, an old glass roofed gazebo had a pane broken after it was likewise climbed upon.

BFD.

Tue, 02/04/2014 - 22:08 | Link to Comment Soul Glow
Soul Glow's picture

Margin calls are coming and the riots in the streets will make what happened in Seattle look like a party.  Nigeria balked at theirs, claiming $20B went missing.  Puerto Rico, Turkey, who is next?  

The margin calls will continue as banks are over leveraged.

Tue, 02/04/2014 - 23:05 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I find myself becoming more bearish, almost every day.  But I am comforted by diversification and with gold.

Having our lil ol bearing import company down in Peru helps me sleep better too.  The only debt they have is to me, and that is going down...!  Before long, we will one of relatively few Latin companies of our type with no debt.

Avoid debt.  Buy Au, Pt, Ag (and maybe some bearings too).  Be happy!

Wed, 02/05/2014 - 01:26 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

I like to invest in really small bearing-balls, that can be used as Kinetic energy in certain kind of 'shells'.  :-)

For when the shields are down, the main power offline, the phasers discharged, and you just gotta get that Cling-on war bird that just uncloaked.  ;-)

Metaphorically speaking.

Wed, 02/05/2014 - 02:19 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

With all that power you can get from the dilithium crystals and all, might as well fire some decent kinetic energy projectiles, heavy and hard little sumzabitchez made of osmium.  Heavier than tungsten and just about as tough.  Osmium is a tad expensive though, but I imagine that you can replicate it in those little machines you now have...

:)

Wed, 02/05/2014 - 07:08 | Link to Comment Occident Mortal
Occident Mortal's picture

Ladies and Gentlemen,

Welcome to the Moral Hazard.

Wed, 02/05/2014 - 07:18 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Quick!  Somebody get some aliens together to go and break out Krugman's windows!

Wed, 02/05/2014 - 07:24 | Link to Comment negative rates
negative rates's picture

Got 3 jack in the boxes and couple clowns ready to play ball.

Wed, 02/05/2014 - 07:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

 

Get at least one bitcoin......so the government can still track you.

 

.....you never know.

Wed, 02/05/2014 - 02:30 | Link to Comment scrappy
scrappy's picture

I got a bag full for my wrist rocket.

Watchout critters!

Wed, 02/05/2014 - 03:54 | Link to Comment kamikun
kamikun's picture

>>Buy Au, Pt, Ag (and maybe some bearings too).

What, no BTC? Did you ever finish the opus post you were promising on Au and BTC? If so, please link.

Wed, 02/05/2014 - 08:41 | Link to Comment DanDaley
DanDaley's picture

You forgot to add Plumbum (Pb) to the list.

Tue, 02/04/2014 - 23:55 | Link to Comment Solon the Destroyer
Solon the Destroyer's picture

Nigeria... Sorry, that one's on me. Totally forgot to email that guy back. I feel horrible now.

Wed, 02/05/2014 - 00:33 | Link to Comment xamax
xamax's picture

I really would feel ashamed on your place, how was this possible you idiot, you sob????

Wed, 02/05/2014 - 03:48 | Link to Comment mt paul
mt paul's picture

Hey Nigeria

think i found your 20 bil

please send me 800 $ to cover postage

and I"ll send it your way

 

Wed, 02/05/2014 - 08:27 | Link to Comment sterling effort
sterling effort's picture

Thanks for the laugh.

I never tire of finding Nigerian scams in my in box. Some of them are really creative.

Wed, 02/05/2014 - 09:39 | Link to Comment V in PA
V in PA's picture

Logged in just to up vote. Laughed out loud.

Wed, 02/05/2014 - 05:58 | Link to Comment j0nx
j0nx's picture

Banks don't get margin calls. Banks give margin calls. Banks get bailed out. With your money I might add.

Wed, 02/05/2014 - 06:44 | Link to Comment new game
new game's picture

ps. not much of mine, already paid enough over the years. enjoying this all from the sidelines.

all good>ten year going lower, deflation and all ya know,,,and we got yeller to cover the shortfall.

but, seriously, these margin calls will wack the fuck outta markets including gold-patience.

Tue, 02/04/2014 - 22:21 | Link to Comment willwork4food
willwork4food's picture

Even Infowars went off like Mike did on Seattle like an idiot. Let them celebrate. So some glass got broken, and some fires were lit. WTF cares? Congratulations to Seattle-they deserve it!

Tue, 02/04/2014 - 22:03 | Link to Comment satoshi911
satoshi911's picture

DAMN GOOD  COMMENT

*

What few here probably don't understand is that the right-wing wants to BURN ameriKKKa to the ground to get their reset, in their favor.

Then you have KRUGMAN terrified of that scenario as the pain to little people but right-wing don't care about people, by definition.

Banks and ESTABLISHMENT especially WALL-ST know that FED FIAT to INFINITY is a permanent RAFT in a ocean storm.

If the POLITICIANS fail to keep the FED fire stoked, then its party over for all the pig's on WALL STREET, and make no mistake that ZH/GOLDMAN don't want the party to end.

On the other hand, there is this HIDDEN DARK HAND of the right-wing that wants to see ameriKKKa burn to the ground.

*

It's already a done deal, in REALITY the FED is burning $100's of billions a month, its just that most of it is secret, but there are party's to the party that want it to end, and there are party's that just want to talk shit.

IMHO the EM meltdown don't have much to do with FED-FIAT as it has to do with the DEATH of the GLOBAL ECONOMY, the end of the NWO scam.

*

They want a crisis, they want the IMF-SDR, but the problem is the PTB, has lost thailand, lost ukraine, lost syria, ... lost Japan, ... lost argentina,... they're losing their world dominion, quicker than the US-MIL can steal new country's... It's telling.

What's safe? Me thinks the shittiest house in the world is the USA, the JAP's are homogenous and there will not be a civil-war, but the USA is boiling pot of hate ready to explode and it takes few days and no cargo for the FSA and BOOM.

Tue, 02/04/2014 - 22:23 | Link to Comment nightshiftsucks
nightshiftsucks's picture

There's that stupid fuck satoshi again,hey dickhead why don't you show us proof of those spec forces get $6k a month pension without having 20 years.I know you can't because you are a fucking delusional crackpot.Now go take your meds dumbfuck.

Tue, 02/04/2014 - 22:24 | Link to Comment Oldwood
Oldwood's picture

The more you post, the less I bother to read. I am your dreaded right winger and I don't want anything burned down and know no one who does. Most of us have invested our entire lives into this fucked up economy and really do not want to see what so many of us fear is coming. You on the other hand, with your constant America hating fucking posts, quite obviously relish the idea of it all burning down with the only greater highlight being striking the match yourself. Please fuck off. Thanks

Tue, 02/04/2014 - 23:39 | Link to Comment FredFlintstone
FredFlintstone's picture

I have read hundreds of posts here calling for it all to come tumbling down. The "stackers" hoarding ammo waiting for the "reset". Get real. Don't embarrass yourself by making shit up just cause you are offended by what Satoshi has to say. Are you saying the successful in society would stand in the line of fire to spare the life of a crack addict? Or that a person under the age of 30 is relishing the thought of slaving away as a barista to pay the SS and Medicare for a couple in their 80's? What about the trillions and growing balance sheet of the FED? We are all salivating for that bill to come due.
There is a lot of suppressed hate in America and if you don't see it, maybe it is because you are resting on a large pension or something in lala land.

Wed, 02/05/2014 - 00:40 | Link to Comment TheReplacement
TheReplacement's picture

When you say it like that...

Maybe a lot of people are just tired of being used.  That's what has been going on for a long time.  The scary thing is how many people are miseducated to believe that if you say you don't want to play that then you must hate the poor, the pick-a-color, ferners or whatever and so you become an other and we all know how others tend to end up.  There are real life examples.  We have people in this country on the record saying how many have to be liquidated so communism can take over.  We have people signing petitions when told the petition's goal includes ultimately murdering law abiding American citizens.  They are organized, this foe.  The question is now if they can keep things together long enough to have fully entrenched themselves with enough power to pull off the takeover or if it will collapse before they are ready.  The longer it goes the more they can siphon wealth and put us all in debt while using those ill gotten gains to recruit and indoctrinate the FSA.

 

Wed, 02/05/2014 - 07:29 | Link to Comment snr-moment
snr-moment's picture

Well the 2.8 billion (it was 2.8 wasn't it?)  rounds of hollow points can just be left to sit and spoil.  Who did you think it was for?

Wed, 02/05/2014 - 00:51 | Link to Comment Oldwood
Oldwood's picture

There is no doubt that there are more than plenty hopin and wishin for the big bang here.....but they are NOT particularly conservative in nature. they are largely people frustrated with continuing failure and given that this is supposed to be about investing, there are plenty more want to see their hedge of choice, be it bullets or gold put them on top of the heap. Conservatives, people who work and save, have everything to lose. We are not begging for this to fail, but we do see it on the horizon. No one knows when or how but we know a pile of shit when we see it. And yes, there is lots of hate and those infected with it are anxious to see this thing blow. They would love to be in the streets with torches and guns, not all that different than all the other extremists looking for an outlet. But DO NOT put me or the people I associate with in this group. I have a small business that I have invested my life in. I have no government contracts, no sweet deal of any kind, but if it would make you feel sooo much better to burn it down, if it would make you feel so good to see the flames, then come the fuck on. Satoshi has said nothing but SHIT. He hates everyone and thing, especially if it is American. Sure we got problems but he is a piece of shit in my mind because he has nothing to offer...but shit.

Wed, 02/05/2014 - 01:25 | Link to Comment Anusocracy
Anusocracy's picture

I have an intense dislike of anyone who wants or approves of government. They alone are the problem, the real cause of all the evil and stupidity.

They are like animals offering themselves to the lions as meals. Incredible useless idiot fools.

Wed, 02/05/2014 - 02:09 | Link to Comment Oldwood
Oldwood's picture

With what we have experienced we would have to be blind and truly stupid to want more of what we have or even a small portion. We live in a world of no escape when it comes to government. They are the predators who seek to live off of our labors and eventually our flesh. The best we can do is resist with the primary goal to avoid dependency as that is the true begining of the end. Our government is corrupt and as such has metastaticized throughout our economy. There is no cure and I think it will only get worse before it gets better.

Wed, 02/05/2014 - 02:49 | Link to Comment OldPhart
OldPhart's picture

"We live in a world of no escape when it comes to government. They are the predators who seek to live off of our labors and eventually our flesh. The best we can do is resist with the primary goal to avoid dependency as that is the true begining of the end. Our government is corrupt and as such has metastaticized throughout our economy. There is no cure and I think it will only get worse before it gets better."

Outstanding!  I'm stealing for facebook.

Wed, 02/05/2014 - 04:24 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

i for one want to see it all destroyed. sometimes a little hate seeps in, but thats not the hatred of bigotry, its that of justice denied for soo so long.

 

Wed, 02/05/2014 - 08:25 | Link to Comment CH1
CH1's picture

Destruction is not necessary.

If we just walk away from it, it falls apart on its own... and quickly.

Wed, 02/05/2014 - 07:32 | Link to Comment snr-moment
snr-moment's picture

And for every one of you, there are 10 of them.  The FSA is just the tip of the iceberg.  What is EVERYONE'S definition of rich?

Wed, 02/05/2014 - 07:53 | Link to Comment BandGap
BandGap's picture

Not hate, anger. There is a difference.

Don't embarass yourself by making assumptions about what people may or may not do.

Wed, 02/05/2014 - 08:24 | Link to Comment CH1
CH1's picture

Not hate, anger. There is a difference.

Well said.

Tue, 02/04/2014 - 22:36 | Link to Comment jcaz
jcaz's picture

Wow- clearly they don't scrimp on the meds in your part of the world......  I bet you're a riot in 4th period History class.....

Tue, 02/04/2014 - 23:06 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

IIRC he is in China.  Maybe near where they grow opium?

Wed, 02/05/2014 - 02:20 | Link to Comment Vlad Tepid
Vlad Tepid's picture

Smart money says you're right - or just a bad libtard troll.  The tell, Satoshi?  Most Japanese (or Chrysanthemum Club members) don't refer to themselves (or their models) as "Japs."

Wed, 02/05/2014 - 08:04 | Link to Comment Zwelgje
Zwelgje's picture

Opium is grown in Afghanistan and is guarded by sweet USA.

Tue, 02/04/2014 - 23:09 | Link to Comment lasvegaspersona
lasvegaspersona's picture

The Christian right wants Amerikka to burn?....dude, put both hands in front of your face so you can see your finger nails.if you are married (somehow we doubt this) your wedding ring is on the left hand. Now pay attention in poli sci class ans rewrite your essay.

Tue, 02/04/2014 - 23:20 | Link to Comment bigrooster
bigrooster's picture

Man the paid troll douche bags are out in full effect tonight.  I guess Obama passed an exedick order to pay you fucking losers.  Oh yeah we can say FUCK here on ZH because the 1st is still in effect.

Tue, 02/04/2014 - 23:50 | Link to Comment pods
pods's picture

Ummm, sort of in effect.

His name was Francis Sawyer.

pods

Wed, 02/05/2014 - 00:21 | Link to Comment Spastica Rex
Spastica Rex's picture

Weird thread.

Wed, 02/05/2014 - 08:24 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

The Obamacare trolls really don't know what to do with themselves at this point.

 

I for one am kinda embarrassed for them.

Wed, 02/05/2014 - 00:22 | Link to Comment Spastica Rex
Spastica Rex's picture

Dup

First in months.

Is ZH overloaded, or something?

Wed, 02/05/2014 - 02:14 | Link to Comment Rukeysers Ghost
Rukeysers Ghost's picture

Is ZH overloaded, or something?

 

No, but a few ZH posters seem to be loaded on Thunderbird and Bankers Club Vodka tonight.

Wed, 02/05/2014 - 07:53 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

  

One ping only Vasili....

 

Wed, 02/05/2014 - 08:26 | Link to Comment CH1
CH1's picture

His name was...

Sawyer was pollution. If this were my sandbox, I would have dumped him long before Tyler did.

Tue, 02/04/2014 - 23:38 | Link to Comment yogibear
yogibear's picture

"Banks and ESTABLISHMENT especially WALL-ST know that FED FIAT to INFINITY is a permanent RAFT in a ocean storm"

That dope your smokin must be pretty strong.

Wed, 02/05/2014 - 01:18 | Link to Comment Drifter
Drifter's picture

No dope, no delusion, he's exactly right, Fed WILL print unlimited USD to keep TBTF banks going (and the govt).

The only collapse coming is the currency. 

And nobody will see it coming because (a) it doesn't show up in any charts, and (b) it will happen suddenly, like over a weekend.  Over a weekend is very likely.

And no, Tyler(s) won't see it coming either.  Because it won't appear in any charts.  Until after it happens.

Get out of USD-denominated investments.  Bonds, certificates of deposit, money market accounts, savings accounts, checking accounts (beyond 30 days expenses), cash under the mattress, cash value life insurance, annuities, etc.  

And yes payroll checks too, they're denominated in US dollars.  And social security checks.  And food stamps.  And all other sorts of govt checks.  And pension checks, let's not forget those.

If you have a fixed-salary or fixed-wage job, or defined-benefit pension, or any kind of pension (including social security), you'll be fucked when USD is devalued around 50%, over a weekend likely, sometime this year likely, first half of this year according to John Williams (shadowstats.com).

"We'll just kill the dollar".

They've told us what they're going to do.

Wed, 02/05/2014 - 02:10 | Link to Comment PhilofOz
PhilofOz's picture

You really think it will happen to the USD before the JPY? Wish I could take bets on it. JPY closely followed by USD and several others currencies is my guess.

Wed, 02/05/2014 - 07:05 | Link to Comment new game
new game's picture

and how fucking stupid are these power fucks? consider this; humans can not get along on a city block ina neighborhood much less a much larger group. amerika is a world hodgpodge of volitle hate ready to blow too. do you really think the mussies and chrisites are going to hold hands and walk the isle.  people don't get along-a survival thingy(with some deep thought), its our very nature. we organize power down structures with relatives-all else is much moar temporay. so the root problems are always this cultural thing. look around, chinatown, beantown whityville -gee wiz, and i'm not too interested in buying a home on the north side either.

so these world order fucks think for a second they can get a world control-fucking idiots, plus they can have the whole fucking mess!

end result of this ongoing brewing volitile soup is succession-too smaller nation states...

eventually when enough humans get killed we might just get to smaller group states representing individuals, but the killing will never stop-survival thingy..

find a good pack, fuck the club..

 

Wed, 02/05/2014 - 07:27 | Link to Comment negative rates
negative rates's picture

Comfort of the sidelines huh?

Wed, 02/05/2014 - 10:06 | Link to Comment Chaos_Theory
Chaos_Theory's picture

Oh please....didn't you see the Coke America the Beautiful commercial?  Everyone will sing in harmony, albeit in 146 languages. 

Immediately followed by a shiv to the stomach.

Tue, 02/04/2014 - 22:11 | Link to Comment Soul Glow
Soul Glow's picture

Of course congress will raise the debt ceiling.  Banks are flailing around like children, scrambling for cash to hold up their overlevered balance sheets.

65:1 all over the board.

Tue, 02/04/2014 - 21:54 | Link to Comment satoshi911
satoshi911's picture

Technical Details have always been SMOKE&MIRROR's.

The problem is nobody is listening to the BULLSHITTER's bullshit anymore.

Like this constant yabble here on ZH about 'taper', there isn't going to be any fucking taper.

*

BULLSHIT walks and GOLD talks.

The USA ain't got no GOLD (physical).

*

Almost time to close the store and go for a long fishing trip.

Tue, 02/04/2014 - 22:02 | Link to Comment i_call_you_my_base
Tue, 02/04/2014 - 22:12 | Link to Comment Soul Glow
Soul Glow's picture

A large military costs a lot.  The MIC is not currently supported on tax revenue, it is supported by the ability of the Treasury to sell bonds, bills, and notes.  Once the Treasury has an auction fail, and they will, then the MIC won't be able to make payments for oil, machines, and soldiers.

Tue, 02/04/2014 - 22:18 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

"Once the Treasury has an auction fail, and they will, "

They will use that arsenal before that happens. That's my point.

Tue, 02/04/2014 - 22:32 | Link to Comment Soul Glow
Soul Glow's picture

We go to war and then have an auction failure, stranding troops and machines.  That would be horrible planning.

Tue, 02/04/2014 - 22:35 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

Look, my point is this: Satoshi's narrative basically requires that the US is just going to roll over economically and die. This is a gross miscalculation. The US is going to go batshit war crazy before they lose power. The US will stoke a major war, cut SS and medicare in half, confiscate funds, etc, just to fund it. The MIC is not going to allow some petty bond auction to defund it. They will start the war themselves if they have to. What do you think the point of all that funding is in the first place? Defense?

Tue, 02/04/2014 - 23:24 | Link to Comment lasvegaspersona
lasvegaspersona's picture

i..call...

Big wars require the support of the nation. WW2 had kids lieing to get into the service. Viet Nam...they had to draft and kids fled to Canada.

These smaller wars had some support but look at Afhanistan, no one even knows we are still there. To get the support for major war the PTB would need an attack on the home land and that can't happen. I doubt a false flag short of that would inspire the country to support war. Look at the failed attempt to stir us up for Syria. The folks are pretty suspicious of the government now.

My guess is that the people may be abandoned by government as the dollar fails. I only hope  that they have some kind of plan to fall back on. If the dollar failure is the issue they can't just print the way forward. It will require surrender of gold for imports. And no, they can't steal it from the people this time. No one has any (like in 1931) and those that do are being pretty cagey about where they keep it.

It would be pretty low yield to go house to house even if you had a list of those who have purchased it. Serious people have it overseas or buried deep.

As for government aggression...stooges cost money, and Americans are armed. No easy task to run ruff shod over Americans (except in NY and CA...they are pussies)

Tue, 02/04/2014 - 23:48 | Link to Comment Tall Tom
Tall Tom's picture

Come on out to San Diego in my neck of the Chapparal. I like rural San Diego County life. You delude yourself if you think that we are pussies. 

 

I will take you to East San Diego with that arrogant attitude in that hood.

 

Better than that noise I will take you down to the Bar right next to me and you can talk that noise to the Shitkickers.

 

Before that Bar became the local Watering Hole, the Lakeside Hotel used to be. (Then ABC shut it down and turned it into a Recovery Center? Shit. They know how to spoil a good time.) 

 

When you walked into the Lakeside Hotel Bar, back in the day, there was usually someone's fist that greeted your face at the entrance.

 

They was jus' funnin'

 

I live in Cowboy, Biker, and Indian Town. You have no clue. I hear that Ramona has turned out similar.

Wed, 02/05/2014 - 01:41 | Link to Comment Drifter
Drifter's picture

"No easy task to run ruff shod over Americans (except in NY and CA...they are pussies)"

Uhhh, don't look now, but they've been running rough shod over Americans quite a while now ...in all 50 states. 

Obamacare is the latest example.

And no, they won't go after gold.  They'll go after 401k's and IRA's and pension funds, and bank accounts (bail-ins). Much more assets there, and much easier to grab.

Wed, 02/05/2014 - 02:14 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

The US has full control over groupthink. It was only ten years ago that people were talking about "freedom fries" and hating the french because they didn't back the US war going into Iraq. You probably included. People wanted to bomb the french. All it took was a few box cutters and some crazy arabs. It's too fucking easy. It's a joke. Americans want to kill stuff. Period.

The government doesn't need to go door to door. Everything is digital. Confiscation by decree. It's their toys, they just let you play with them. You are naive to think otherwise.

Wed, 02/05/2014 - 07:27 | Link to Comment Bangin7GramRocks
Bangin7GramRocks's picture

The Fed can miracle as many trillions as we need. What changes when the Fed balance sheet goes to $20 trillion? Nothing. We have all been participating in this game of miracled money for 40 years. Don't get pissed because the Fed takes it to 11!

Wed, 02/05/2014 - 07:58 | Link to Comment A82EBA
A82EBA's picture

It stops when converting to USD is no longer required to buy oil.

Wed, 02/05/2014 - 01:36 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Did you see the last word on that wiki link. It's called expenditure.

Expenditure has two definitions;

1) To lay out; spend (expending tax revenues on government operations).

2) To use up; consume. (Every effort at their disposal was utilized expending the nations' wealth.)

In each disgusting case presented in that chart on wiki, you can rest assured that there was no expense spared in spending your wages for you for war machinery and diplomatic 1st class functions around the world. It's called debt spending but the kicker is they're doing your spending for you. This game will be expended (2nd definition) when you can't pay for it. I reckon that's about, oh, any time now. Hmmmm? Expended yet?

The government is spending your wages into oblivion. That's bullshit that walks and talks.

Wakey, wakey. Hand off snakey.

Wed, 02/05/2014 - 07:30 | Link to Comment BandGap
BandGap's picture

Ironic - the US "borrows" 40% of every dollar it spends. The US spends 40% of what the world buys in military hardware.

Tue, 02/04/2014 - 21:58 | Link to Comment NoDebt
NoDebt's picture

If you have the memory of a ground squirrel, yes, this is news.  I can barely remember 3 weeks ago when everyone was saying the trend would continue up, the economy was in a self-sustaining recovery and that valuations were not stretched by historical standards.

Wed, 02/05/2014 - 00:09 | Link to Comment RafterManFMJ
RafterManFMJ's picture

And you run and you run
To catch up with the sun
But it's sinking
Racing around
To come up behind you again
The sun is the same
In a relative way
But you're older
Shorter of breath
And one day closer to death
Every year is getting shorter
Never seem to find the time...

Wed, 02/05/2014 - 00:46 | Link to Comment acetinker
acetinker's picture

Run!, rabbit run!  Dig that hole, in the sun.  When at last, the work is done... Don't slow down, it's time to dig another one.

Wed, 02/05/2014 - 02:20 | Link to Comment disabledvet
disabledvet's picture

i thought you said "computation problem."

not alone in that of course.
here's an oldie but a goodie:
http://en.wikipedia.org/wiki/MCI_Inc.
ye olde "those aren't liabilities...those are assets!" trick.

Tue, 02/04/2014 - 22:16 | Link to Comment Buck Johnson
Buck Johnson's picture

If you can get it, ask GERMANY!!!!!!!!!  You know what we are seeing, the move to the door and it's starting to pick up.  People and businesses are looting what is left before the system comes down and there is no money.

Tue, 02/04/2014 - 22:53 | Link to Comment WonderDawg
WonderDawg's picture

Say what?

Tue, 02/04/2014 - 22:16 | Link to Comment Buck Johnson
Buck Johnson's picture

If you can get it, ask GERMANY!!!!!!!!!  You know what we are seeing, the move to the door and it's starting to pick up.  People and businesses are looting what is left before the system comes down and there is no money.

Tue, 02/04/2014 - 23:26 | Link to Comment lasvegaspersona
lasvegaspersona's picture

say what?

Wed, 02/05/2014 - 00:02 | Link to Comment Wen_Dat
Wen_Dat's picture

Say what one more fuckin time

Wed, 02/05/2014 - 01:44 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

I double dare you.

Wed, 02/05/2014 - 08:00 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I double DOG dare you.......bitch!

Tue, 02/04/2014 - 21:36 | Link to Comment deflator
deflator's picture

"The markets went nearly straight up for the last two years, it's due for a modest correction." meme

Tue, 02/04/2014 - 21:42 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

I've seen and heard this same bullshit for the last 3 years. Only difference is this time they let the market fall further than at any time in the past 3 years. Where is the jawboning this time? Won't be long and Chuckie Shumer will be tellin Yellin to "get to work"
And the melt up will be on again.

I'll believe it's the real deal when the S&P is 600 again. I'm not
Taking the bait this time.

Tue, 02/04/2014 - 21:56 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Same here.  I lost a fortune (it's all relative) fighting the Fed the last few years.  They make more money when it goes up AND down.  Volatility is your friend when your algos get the memo before everyone else.

Tue, 02/04/2014 - 22:27 | Link to Comment Oldwood
Oldwood's picture

I would like to believe you do not lose when you do the right thing. I know it is hate speech to some here but there are some things more important than profit. I have been out of the markets for four years now and as you say I have missed the opportunity to "make" a significant amount of money, but I will not contribute to this grand scale theft. I know my actions alone mean nothing to these people, but all I can say is "fuck em". FUCK THEM

Tue, 02/04/2014 - 22:47 | Link to Comment The Gooch
The Gooch's picture

To participate in the paper chase is to enable.

To enable AND bitch about the inherent fraud and theft of the paper chase on ZH is hypocrisy.

Thanks for playing.

 

Tue, 02/04/2014 - 22:55 | Link to Comment WonderDawg
WonderDawg's picture

I'd call it being opportunistic rather than hypocritical. I know it's a sham and a fraud, but I'm in it for me, so I'll ride it in whichever direction they take it. I'm a pissant, I don't make the rules, but if I see their playbook, I'd be foolish not to take advantage of it.

Tue, 02/04/2014 - 23:02 | Link to Comment The Gooch
The Gooch's picture

I hear there are many congressional seats being vacated.

With all due respect, you sound like a perfect fit.

Their playbook is what's for lunch.

 

Tue, 02/04/2014 - 23:13 | Link to Comment WonderDawg
WonderDawg's picture

You don't know me, obviously. I don't agree with what's happening, but I have a choice: I can bitch and moan about it, or I can frontrun it, bank some coin, and buy some gold. You have your gameplan, I have mine, but don't mistake me for someone who is on board with their program. It's called dealing with reality in the way that is going to benefit ME the most. And don't give me any self-righteous bullshit about being a part of the machine. The machine doesn't stop for you and I. I personally can't wait to short the shit out of the market when it tanks. Will that be less offensive to your sense of righteousness?

Tue, 02/04/2014 - 23:21 | Link to Comment Oldwood
Oldwood's picture

All corruption needs to succeed is for people to simply grasp the opportunity when it arises.

Tue, 02/04/2014 - 23:52 | Link to Comment WonderDawg
WonderDawg's picture

Sometimes the obvious can be made to sound profound. Not sure that I understand your point, though. I'm a trader. I'm not a market maker, just a tiny little speck of a trader who makes trading decisions based on price action, and not on the lack of morality that exists in the equities markets.

Wed, 02/05/2014 - 00:12 | Link to Comment Jugdish
Jugdish's picture

Ahhh Wonderdawg I remember when LasVegasDave announced he was leaving zerohedge. He was a liberal progressive faggot and nobody gave two shits about his "grandiose" announcement. This has nothing to do with what you are commenting on but I thought I'd take a moment to reminiss. The guy actually thought like people were going to like join him. Haha. Anyway, I'm with ya brother. I don't trade stocks. I thought the sky was going to fall back in 08-09. Hopefully this fucker melts to the fuckin ground. I fuckin hate it.

Wed, 02/05/2014 - 00:36 | Link to Comment Oldwood
Oldwood's picture

Are the markets corrupt? Would the markets exist if yourself and everyone like you stop participating? Does it make you feel better about things to tell yourself that "everybody is doing it"? Does it not bother you that for you to "make" money, someone else must "lose" it and do you justify it by believing that they were just stupid or "muppets"? Just asking...  

In my opinion Winnings are not the same thing as earnings. In commerce there are no losers. In gambling there are more losers than winners. You must sell something for more than you paid for it without adding any value whatsoever.

Wed, 02/05/2014 - 06:11 | Link to Comment Raging Debate
Raging Debate's picture

I really respect your sense of morality Oldwood. If we take a big step back you see that speculation is what happens in absence of productive investment. I also do have to respect Wonder Dawgs frankness about human nature and being self-serving in regards to trading.

As long as he isnt bribing the government to add chits to his account when he has losses like Goldman Sachs, more power to him.

We all cheer talking about shorting banks as a market force to correct their behavior and redirect it back to productive investment. But what did the government/casino house do? It changed the rules to delay the inevitable and necessary correction.

Governments use media to demonize speculators because at rare times, a few very bright ones can make a fortune off of corruption and stupidity. But the trend is that the demon is the government.

I too own a small business and care about value Oldwood, however you may need to drill down into market function theory a bit. Wonder Dawg is right about the machine. Your using a service on ZH that could not survive without corporate sponsors, some of which received bail out funds or government favoratism to crush the little small business guys like us. I had a social media business like ZH, it cannot be operated on a donation basis. So ZH uses the sponsors money to push market/government reform.

Wed, 02/05/2014 - 09:10 | Link to Comment Oldwood
Oldwood's picture

Its not morals, its survival. I understand the value that corporations bring to society, but I also understand the threat that concentrated power and its eventual corruption bring as well. Big business, big government, big religion, big just about anything is a threat. Corporate mentality, as with "investing" are not evil, they simply allow us to rationalize behaviors that can ultimately become destructive and when expanded to the scale we now have can destroy everything, regardless of if we are directly participating or not. Human nature has always been what has presented our greatest challenge and it reaches its greatest potential of harm when concentrated. Our challenge is to avoid those things we know are destructive, while still preserving our ability to kill ourselves.

Tue, 02/04/2014 - 23:26 | Link to Comment The Gooch
The Gooch's picture

I'm not offended nor do I blame you for being part of "the machine". I work for a living.

Self-Righteousness or speaking truth?

Righteousness will truly meet reality when you can't collect.

In the meantime, stack on.

Tue, 02/04/2014 - 23:43 | Link to Comment WonderDawg
WonderDawg's picture

I work for a living, too. And the truth runs much deeper than what we can cover in a few blog posts. I understand the truth. I've read the books, The Creature, Tragedy and Hope, Human Action. Human Action is my favorite. According to von Mises, the most basic motive for any action an individual takes is to relieve or avoid some form of discomfort. My actions are consistent with this theory. I want to accumulate wealth and retire so I can write fiction and play golf. I can't retire yet, so that makes me uncomfortable. I'm taking action to relieve that discomfort. I see the game and how it's being played. I've devised a strategy to take advantage of the situation so that I can relieve the discomfort of not having the wealth to retire and write fiction and play golf. As I said, I'm dealing with reality, not some idealogical fantasy world where the big players are playing by the rules I think they should play by. I don't make the rules, but I see their playbook. No bitching and moaning, or screaming from a soapbox, just dealing with reality.

Wed, 02/05/2014 - 08:50 | Link to Comment thestarl
thestarl's picture

Agreed,myself i OWN properties that i have paid off over 32 solid years of work,never been a market player and i don't begrudge anyone who has done well in equities.

The cunts i despise are the enough is never enough fuckers and on the opposite end the free shit army.

I once believed in the system call me one of the sheeple but after 9/11 the Iraq war blatant bullshit lies and finally the crash of 08 i realised fuck I've been had.

I'm no sheeple anymore but frustrated that more people don't wake up to what is going down,and it is.

Tue, 02/04/2014 - 22:49 | Link to Comment Tall Tom
Tall Tom's picture

Principles over profits. Right on!!!

Wed, 02/05/2014 - 01:47 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

With you there, old woodie.

Wed, 02/05/2014 - 01:32 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

I'd like to remind people what I've said before... that those who make a living and lifestyle from commissions, fees and margins are on BOTH sides of the Bull/Bear divide.

Perma-Bear are as different from Perma-Bears, as Repubs are from Dems.  BOTH work for the same boss:  Self-interest.  It's just that some people seem partial to getting screwed on Even days, versus Odd days.

Tue, 02/04/2014 - 22:42 | Link to Comment in4mayshun
in4mayshun's picture

I think we all share the frustration of watching this slow motion train wreck take years to play out, but this time could actually be a little different as we're starting to see the liquidity trap take form. Prices are climbing fast on everything that people actually need which is going to soon put the FED in a very untenable situation. Even John Williams of ShadowStats puts the end game in 2014. At this point, I don't think the latest debt ceiling debate even matters that much, everyone knows it will be raised. ( After some appropriate grand-standing in front of the cameras)

Tue, 02/04/2014 - 21:43 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

NPR told me today that a 10% market correction is healthy and will bring stocks back in line with the upward trajectory of the overall recovery trend. They happen all the time and are healthy.

Tue, 02/04/2014 - 21:51 | Link to Comment Never One Roach
Never One Roach's picture

...reminds me of when MSM reported more people quiting their jobs was "Buillish."

Tue, 02/04/2014 - 22:18 | Link to Comment Soul Glow
Soul Glow's picture

Pensions are heavily tied to stocks, which is why Bernanke and the President's Working Group channeled so many dollars into them.  A 10% "correction" will strain the portfolios.  Problem is, selling begets selling; first the institutions and insiders sell, then the dumb money follws.  So when the markets are down 10%, that is when the fun will begin, and the markets will get sheared.  The coming down move will be a bloodbath.  

World equity markets will have corrected 30% by April Fools day.

Tue, 02/04/2014 - 23:13 | Link to Comment TheInfoman
TheInfoman's picture

Letting the free market do what free markets do without intervention is the healthy choice.  But nah!  NPR would never advocate that would they?

Tue, 02/04/2014 - 21:52 | Link to Comment stocktivity
stocktivity's picture

Nothing like quoting 5 perma bears. It's all Bullshit!!!

Tue, 02/04/2014 - 22:12 | Link to Comment satoshi911
satoshi911's picture

Just once ZH should post a message from some one who told the TRUTH.

"HI my name is PTB, and the USA is my hokey-puke, and my plan to have the FED-RES create FIAT to infinity. The stock market will go to infinite.

Of course it would be boring not to have opposition, so I will create tons of talking heads that will talk left, right, top, bottom all shit, ... but enough shit to distract the masses from ME.

All the world WILL put their wealth in the USA, because they fear everywhere else. Then one day POOF, ... I pull the plug on the USA and capture all the worlds wealth."

I have 10's of 1,000's on my payroll, and they already have tel-aviv condos in their name awaiting their early retirement.

Thanks, for your time.


 

Tue, 02/04/2014 - 22:21 | Link to Comment donsluck
donsluck's picture

This little fantasy relies on there being one world leader. Very simplistic. Everyone has their own pressure bubble, and the size of that bubble is determined by your power. If your bubble starts to deflate, it feels like death. No-one sane wants to die.

Tue, 02/04/2014 - 22:53 | Link to Comment Tall Tom
Tall Tom's picture

No-one sane wants to die.

 

No one sane wants to live through continual torment and unceasing pain. There are much worse fates than Death.

 

(You haven't a clue about how I, or many others, survive. At least...I HOPE that you do not.)

Wed, 02/05/2014 - 00:26 | Link to Comment satoshi911
satoshi911's picture

All War is Deception.

I never said there is ONE WORLD LEADER you did.

If you have read any of my posts you would know that I have said that all is WAR, the DEA hates the FBI, the ARMY hates the NAVY, .. the IRS hates the taxpayer. It's a nation of hate and theft for POWER.

There are many PTB, and wannabe PTB, in my post above, I was only talking about 'ME'. I as in the AIPAC Zionist right-wing crowd, that have carved their own piece of the dying PIE, also known as the USA.

But make no mistake there are ton's of party's that have robbed the USA blind, ... Compeche?

Every USA agency wants total power the NSA is always fighting the CIA.

The MOSSAD is at permanent war with the CIA.

All of mankind is constantly fucking one another in the ass, always been this way, always will.

Harmony, Rhythm, and Melody is all us humans can hope for in our short lives on this planet. My major premise here is that there are places where one can live, and the USA is not one of them.

*

This article is about the stock market fucking people, ... but they're aren't the only fucker, they're just one of many fuckers, they're not the only PTB, they're just one of the PTB.

Wed, 02/05/2014 - 10:18 | Link to Comment Chaos_Theory
Chaos_Theory's picture

Penso che voi dire "capisce" invece di "compeche?"  No?

Wed, 02/05/2014 - 03:53 | Link to Comment mt paul
mt paul's picture

Quote a polar bear instead..

 

if you lick a seal

it lasts longer...

Tue, 02/04/2014 - 22:49 | Link to Comment The Dunce
The Dunce's picture

The market is rigged.  It's not for the average retailer.  Playing the market without information and powerful friends is a loser's game.  Word to your mother.

Tue, 02/04/2014 - 23:38 | Link to Comment zjxn06
zjxn06's picture

#6 Richard Russell - "I’d be lying if I said that I wasn’t worried about the way things are going.  Frankly, I’m truly scared for myself, my family and the nation.  I have the sinking feeling that the stock market is on the edge of a crash.  If that happens, investor sentiment will turn quickly bearish.  And the bear market will start feeding on itself.  Ironically, the recent action occurred in the face of almost insane bullishness on the part of the crowd and on the part of investors. 

Obviously smart heads and institutional money managers know that the US is semi dead in the water.  And all the talk about an improving economy is just wishes and hopes.  Bernanke’s dream of a flourishing new economy, improving without the need of the Fed’s help, is an idle dream. 

I’ve been writing about the stock market for over 60 years and I can’t remember a time when I was so filled with foreboding regarding what lies ahead.  The primary trend of the market, like the tide of the ocean, is irresistible, and waits for no man.  What scares me the most in this current situation is that I see no clear island of safety. "

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/3_Ric...

 

 

 

Wed, 02/05/2014 - 00:24 | Link to Comment acetinker
acetinker's picture

Yeah, I'll do that just as soon as I get the wart I plucked off the back of my hand to stop bleeding.  Not kidding.

Wed, 02/05/2014 - 00:56 | Link to Comment IridiumRebel
IridiumRebel's picture

Stop picking at it!

Wed, 02/05/2014 - 01:09 | Link to Comment acetinker
acetinker's picture

I wish I could, that's good advice, tho.

Wed, 02/05/2014 - 06:43 | Link to Comment Aaaarghh
Aaaarghh's picture

off topic, but I spend time talking to work collegues about all the lies from governments and the financial sector, how its all connected, cover ups and fukushima and I try to impress upon them how serious this shit is and all I seem to get is they would rather talk about something else, not be depressed etc wtf is going on in peoples heads? I give up.

Tue, 02/04/2014 - 21:31 | Link to Comment vmromk
vmromk's picture

Death to every SCUMBAG who calls himself a "central banker."

Tue, 02/04/2014 - 22:53 | Link to Comment The Gooch
The Gooch's picture

And everyone named Janet.

Tue, 02/04/2014 - 22:57 | Link to Comment Tall Tom
Tall Tom's picture

Damn it, Janet!!!

 

Rocky Horror Picture Show.

 

William Banzai7...Got your ears on?

Wed, 02/05/2014 - 02:17 | Link to Comment tenpanhandle
tenpanhandle's picture

"your apple pie don't taste too nice".

Tue, 02/04/2014 - 21:32 | Link to Comment Shizzmoney
Shizzmoney's picture

RE

Jack Lew is warning that the federal government could hit the debt ceiling by the end of this month if Congress does not act

This is not 100% accurate.  They passed that budget "bill" in late November which effectively makes it easier for them to "kick the can" until Summer 2015: the start of the Presidental Election season.

I would of rather them just fucking default now rather than to the hear the left/right bickering.

Tue, 02/04/2014 - 22:20 | Link to Comment Soul Glow
Soul Glow's picture

That is correct.  There are loop holes in place for the debt ceiling to be raised by decree.

Tue, 02/04/2014 - 23:24 | Link to Comment El Vaquero
El Vaquero's picture

Uggggggh!  They should just go ahead and eliminate it already, because they're not going to restrain themselves.

Tue, 02/04/2014 - 23:22 | Link to Comment Hulk
Hulk's picture

Lets put it this way, Jack Lew being worried means that the rest of us should be petrified with fear !!!

Wed, 02/05/2014 - 02:13 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

They're a mob of pussies. The Australian gov. abolished the ceiling. Now there isn't one. No problems.

Tue, 02/04/2014 - 21:33 | Link to Comment XRAYD
XRAYD's picture

Dr. Copper asks (in his New Jersey accent): How you doing, huh? How you doing?

Tue, 02/04/2014 - 21:33 | Link to Comment deflator
deflator's picture

Watchout for bear traps, they love the liquidity that short sellers provide.

Tue, 02/04/2014 - 22:21 | Link to Comment Soul Glow
Soul Glow's picture

This is no bear trap.  The banks, Central and not, are running on fumes.  Before QE ends the IMF will confinscate unallocated accounts in the USA and Europe.  The already have the plans in place to do so.

Tue, 02/04/2014 - 21:35 | Link to Comment buzzsaw99
buzzsaw99's picture

Again Fleck misses the point. It isn't that interest rates are artificially suppressed (they are) but rather that earnings are inflated through accounting gimmicks, levered stock buybacks, and various other shenanigans. Let the market crash and yields would be lower than they are now. The problem is that there is no market, there is only jowls the yellenator.

Tue, 02/04/2014 - 21:37 | Link to Comment XRAYD
XRAYD's picture

Is artificial perception reality?

Tue, 02/04/2014 - 21:49 | Link to Comment satoshi911
satoshi911's picture

All these guys have been in a circle-jerk their entire working adults lives, not unlike the ZH circle-jerk, but here nobody is paid to bullshit.

Now  the end of history is here, all the above experts are terrified, they see the unsaid truth.

That soon 'experts' will no longer be paid to bullshit.

*

The end is near.

Tue, 02/04/2014 - 22:00 | Link to Comment NoDebt
NoDebt's picture

"soon 'experts' will no longer be paid to bullshit."

Stop it.  I'm getting all misty.

Tue, 02/04/2014 - 23:16 | Link to Comment Tall Tom
Tall Tom's picture

Yes the end is near.

 

What are you going to DO about it? You are in the Far East, the Phillipines if I remember correctly?

 

Well those Emerging Economies are going to take a far worse dump than the USA.  Do not misunderstand me. We need to uproot the corruption.

 

But a Shitstorm here will swamp your paradise, as a Tsunami will, into a reeking Cesspool.

 

I have written about Famine in the USA. But we EXPORT much of the World's Food.

 

I stand a much better chance, even here in Drought Stricken Southern California, than most others do in Asia.

 

Or you might like Fukushima "Pre Cooked" Fish.

 

Do tell me how do you plan to live...without your VA Check?

 

A Deflationary Collapse will kill that check as the United States slides into insolvency, a DEFAULT, and then irrelevancy.

 

Then the following development, after the Collapse, is a World War?

 

I do not foresee you as a survivor. But then, again, whom wants to live through a Nuclear Winter?

 

Actually, contemplating that which you have written, I am inclined to believe that you are terrified.

 

You are TRANFERRING YOUR FEARS ontothe experts. Transference.

 

Don't your NSA Buddies teach you anything about PsyOps?

Tue, 02/04/2014 - 23:39 | Link to Comment hobopants
hobopants's picture

"The end is near."

Well there is a bright side! It also means a merciful end to you polluting the comment section with random nonsense! Seriously if you're going to troll at least be coherent. You sound like a bat shit crazy homeless person.

Tue, 02/04/2014 - 21:35 | Link to Comment BlueStreet
BlueStreet's picture

"...If we were in the Eurozone, they would kick us out." - Schiff is great, and right. 

Tue, 02/04/2014 - 21:39 | Link to Comment XRAYD
XRAYD's picture

And then we could for a new union with Greece, Italy, and Spain!

Tue, 02/04/2014 - 22:21 | Link to Comment bearwinkle
bearwinkle's picture

Schiff is full of Schitt! The Eurozone has needed to kick a bunch of counrties out for awhile but the only thing they kick is a can.

 

Tue, 02/04/2014 - 21:35 | Link to Comment 22winmag
22winmag's picture

The Economic Collapse Blog: News aggregator for christian doomers and gloomers.

Tue, 02/04/2014 - 21:46 | Link to Comment satoshi911
satoshi911's picture

It's all a sick food-chain for morons,

Then the ECB shit is fed down the food chain to ZH, where it is fed, all the while making morons dumber and dumber.

IMHO ZH is does for that brain, what METH does for Rural America.

Who reads this shit? Clicks yes, I get it. But are the clicker's really buying anything?

*

Doom and Gloom, come over here and comisserate, and I have a newsletter to sell you.

Tue, 02/04/2014 - 22:26 | Link to Comment LetThemEatRand
LetThemEatRand's picture

ZH (before it was bought out) pointed out correctly that the stock market ramp is all smoke and mirrors.  I blame myself for not reading the disclaimers that the smoke and mirrors could keep it all afloat for a long time, though I guess I assign a small percentage of blame to ZH for making one read the footnotes to understand that.  But the "don't fight the Fed" message was always there in the footnotes.   ZH introduced me to the Matrix for what it is.  It doesn't mean that the Matrix is going to lose anytime soon.  Had I read more carefully in the past I would have taken that message to heart.

EDIT:  I forgot to refer to you as ChinaBot.  

Wed, 02/05/2014 - 01:40 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

+42 for:  "I blame myself for not reading the disclaimers that the smoke and mirrors could keep it all afloat for a long time"

"the "don't fight the Fed" message was always there in the footnotes."

"It doesn't mean that the Matrix is going to lose anytime soon."

How true.  Words to live and invest by.

Wed, 02/05/2014 - 03:33 | Link to Comment satoshi911
satoshi911's picture

'Don't fight the FED' has been 100% true since the 1960's, ... its probably the only truth found on Wall Street.

oh, well there are a few other WS truths ...

'Fools and their money soon depart'

"Where are the customers yachts?"

*

FYI I don't play the market or gamble.

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