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Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge
"The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that have the potential to be very significant and alter people's thinking." Zell also discussed his view on Obama's Fed encouraging disparity and on tax inversions, but concludes, rather ominously, "this is the first time I ever remember where having cash isn't such a terrible thing." Zell's calls should not be shocking following George Soros. Stan Druckenmiller, and Carl Icahn's warnings that there is trouble ahead.
Billionaire 1: Sam Zell
On Stocks and reality...
"People have no place else to put their money, and the stock market is getting more than its share. It's very likely that something has to give here."
"I don't remember any time in my career where there have been as many wildcards floating out there that have the potential to be very significant and alter people's thinking," he said. "If there's a change in confidence or some international event that changes the dynamics, people could in effect take a different position with reference to the market."
"It's almost every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue," he said. "When you got a demand issue it's hard to imagine the stock market at an all-time high."
He also lamented about how difficult it is to call a market top. "If you're wrong on when, that's a problem." His answer: "You got to tiptoe ... and find the right balance."
"This is the first time I ever remember where having cash isn't such a terrible thing, despite the fact that interest rates are as low as they are," he added.
On Obama and inequality...
"Part of the impact of these very, very low interest rates is that we've creating this disparity. The wealthy are benefiting from government policy and the nonwealthy aren't," he continued. "So we have a president who says we've got to fight this disparity and we have a Fed who's encouraging it everyday."
On Tax Inversion...
"This is both legal and accepted. If the government doesn't like the result, change the law," he said. "You have to have a rational tax policy." He said the top tax rate should be changed and the U.S. should not tax worldwide income.
Zell also said it's unfortunate that "this inversion thing has been captured as a political, electioneering item."
* * *
Soros has once again increased his total SPY Put to a new record high of $2.2 billion, or nearly double the previous all time high, and a whopping 17% of his total AUM.
* * *
Ironically, Carl Icahn - poster-child of the leveraged financial engineering that has overtaken US equity markets on the back of Central Bank largesse - told CNBC that he was "very nervous" about US equity markets. Reflecting on Yellen's apparent cluelessness of the consequences of her actions, and fearful of the build of derivative positions, Icahn says he's "worried" because if Yellen does not understand the end-game then "there's no argument - you have to worry about the excesssive printing of money!"
* * *
Billionaire 4: Stan Druckenmiller
Simply put, Druckenmiller concludes, rather ominously, "I am fearful that today our obsession with what will happen to markets and the economy in the near term is causing us to misjudge the accumulation of much greater long term risks to our economy."
* * *
And here the BIS explains broken markets so easily, even a Janet Yellen can get it:
Financial markets have been exuberant over the past year, [...] dancing mainly to the tune of central bank decisions. Volatility in equity, fixed income and foreign exchange markets has sagged to historical lows. Obviously, market participants are pricing in hardly any risks.
Growth has picked up, but long-term prospects are not that bright. Financial markets are euphoric, but progress in strengthening banks’ balance sheets has been uneven and private debt keeps growing. Macroeconomic policy has little room for manoeuvre to deal with any untoward surprises that might be sprung, including a normal recession.
* * *
So now we have a quorum of billionaires and the BIS all flashing warning signals which can only mean one thing: stocks are undervalued so buy, buy, buy...
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In theory that's why the Constitution created three co-equal branches of Government. Of course why bother with a Bill of Rights then?
And one look at what it means to be an America today says "why bother with a Bill of Rights then?"
Fonz is waiting for Lincoln's "New Birth of Freedom" while the rest of us ponder the meaning of existence in the midst of a very uncivil war.
Couldn't you be prepared, quietly? Frankly, I've heard about enough of your idiot raving.
Why would anyone down arrow you for that! Incredible.
Which is why I limit posts.
R
They probably all have land and compounds/bugout pads including extensive investments in the Southern Hemisphere in places like Australia/New Zealand for starters if this game spirals out of their control and half the Northern Hemisphere is covered in radioactive dust...
Look at the ocean currents and wind patterns relative to 'potential strike zones' and see how the radioactivity would spread from there. Where ever it doesn't spread when you run the computer models is where they are planning to set up shop afterwards.
Read "On the Beach" it will reach the souther hemisphere eventually
The earth is influx right now in case anyone is paying attention and it is going to get more unpredictable and fluxy. Just when these people think they've figured it out and bug out to their safe pads, mother nature is going to stick it to them anyways through some natural event that is going to shift wind and air currents redirecting the shit storm they created right into their new front and backyards.
I'll put it on my to read list since I haven't read it but I am aware of the book and film since it just happens to be title and imspiration of one of Neil Young's best albums he ever made.
Harbanger What's funny is all these Fuckers own 15 million dollar penthouses in NYC. Do you really think you will benefit from the fall and fundamental transformation in the buttfuck state you live in? This is what I don't understand about certain people wanting the same thing Zero wants.
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No. What is funny is people like you think ZH wants anything but to be profitable website. And I am one that has posted numerous times that even if we have a great reset, the oligarchs continue on because they have the greatest flexibility. It is always the peasants that suffer.
Peasants think it's about fairness from the Oligarchs. They do not value their human rights or their property.
"Peasants think it's about fairness from the Oligarchs."
Yes! Asking the Master for permission!
"They do not value their human rights or their property."
Perhaps it's an issue of how one views it. It's possible that many don't jump up and down and look like a target for retaliation (threat to TPTB). And very few people on this planet are "property owners," and those that are tend to have their property under protection by the very powers that can readily crush them.
are you two pussies a package deal? ... fuck off please
and what's with the cut and paste, just learning Windows?
It depends on where Sam Zell keeps his cash.
He could end up being a sacrificial lamb.
Like poor old Donald Sterling???
This is a shark against shark survival war.
Few millionaires and billionaires will be Madoff-ed soon and become poor.
ok ekm....so the battle between the rich is waging and we, the normal sheeps are just spectators who just idly sit there like potential collateral damage and watch them destroy us and everything we worked hard to live for?
And Triple Lehman leads to an economic rebound??
You drinking a bit early today no ekm?
Whenever multiple claims on real assets and real output are extinguished, then economy gets unchained and liberated.
And the fruits of that will take at least a generation.
What a terminally stupid statement. You didn't have to go out of your way to prove you know absolutely nothing about the Madoff case; or anything else, we would have taken your word for it.
Almost everything I've said has come out correct.
In May 2013, I was asked to put a timeline on sytem margin call and I did: December 31st 2014
Not there yet
I like my pontification though. I like pontificating as each one on ZH does
Triple Lehman is inevitable.
Nothing big deal.
Few billionaires or millionaires will become poor.
No economic collapse actually there will be a rebound.
Life will go on as usual.
It will repeat again and againt every 7-10 years
So ... bottom line ... I'm never going to see ANY trickle down from the $$$Trillions$$$ that was handed to Bankers and the MIC ?
MIC got nothing.
Bank lobby got all
That's why there is shark war, MIC against Bank Lobby to control the Fed.
Obama is in the way of MIC
Yeah, somebody is leaving Mr. Obama to twist in the wind. No one is there to pass him his cheat sheet, his teleprompter screen is blank. All he can do is play golf and go to weddings and hide from the press.
USA power structure right now is basically a civil war between Pentagon and Treasury Department to control the Federal Reserve
Obama is bank lobby's man against Pentagon and MIC
The Fed controls .gov
No. It'st the opposite. The gov has guns, FEd does not have any guns.
Congress controls the FEd
@ekm1, who is your money on and why?
Pentagon and MIC win, because they always do. They have guns and they will use them if need be.
They are patient, but they eventually run out of patience
What do you think the Pentagon wants to do with the federal reserve that the bank lobby is not doing?
Unwind current QE and create a QE for military.
Keep strong dollar so world keeps using it
Because western banks have robbed and continue to rob the world, this is pissing off said world and making it harder for the military to carry out its mission? The banks through Obama are also putting the sqeeze on the military?
Correct.
Bank loby right now, just right now, is basically anti-war, whether we like it or not.
They got all QE money for themselves and cut military spending and tried to clean up Neocons from the government
Well, world has no use for USD if:
1) US military is not defending trade routes, hence not intervending
2) If US gov (federal reserve) abuse USD power as world currency and print insanely. Countries with surplus, collecting dollars, see their suplus value disappear.
So, world basically fractures into many pieces, as it is slowly occurring.
If no USD as reserve currency, US Military cannot literally maintain and feed itself, all 470k soldiers and insane quantity of equipment. It'd be over.
World chaos. No world currency like in the 30s.
Hence Pentagon (with saudi help) will eventually take over the FEd as they had the Fed in the 60s and 70s. If bank lobby does not surrender, I predict assassinations of bank executives.
Bottom line:
Neocons, Pentagon, MIC wants strong USD
Bank lobby wants weak USD and trashed USD
They are already talking about replacing USD as world currency openly.
http://www.nytimes.com/2014/08/28/opinion/dethrone-king-dollar.html?_r=0
Thanks. What you say makes a lot of sense.
No. Nothing. they only thing you're going to see is inflation and un-employment.
I agree with your commentary as always. I often wonder what is really going to set this all in motion. The rug in the stock market is going to be pulled but it's going to in my view come on the back of some news that gets people to panic.
I wonder if something like a 10% dollar devaluation is coming that would set this all in motion. Maybe it's bank bail ins. That's possible. Or how about the Fed confiscates 401k's tax benefits. Something will set this baby off.
In my view, just my view, there won't be any bail-in or any pension confiscation.
Too risky. There could be massive, massive riots. Americans are armed.
However, if one has let's say $500k electronic cash in a bank that collapses, that will be gone.
A lot of rich people will see their electronic cash evaporate into nothing
Do you think maybe a myIRA forced conversion into US Treasuries of IRA's and 401k's is not possible? I think it's inevitable which is essentially what Japan has done.
Oh yes. Forced allocation, yes. But no flat out bail-in.
Reminder. USA has about $200 trillion in unfunded liabilities.
It is galactically impossible to provide goods and services of that amplitude at current dollar value.
Some kind of pension value devaluing MUST take place.
The wold currently cannot offer $200 trillion of goods and services to USA retires and about retires and growing
He still has his trailer parks...
"SAN JOSE -- With a fancy name like "California Hawaiian Mobile Estates," the trailer park on Snell Avenue should have been top-notch.
But residents say that for years it was anything but -- marred by sewage backups, potholes, electrical blackouts and a swimming pool filled with geese feces. Fed up with having their complaints ignored, a small group sued five years ago, risking the possibility that if they lost, they'd be on the hook for the park owner's substantial legal fees."
"The unprecedented verdict has sent shock waves through the industry, even as the park's owner vows to try to get it overturned. Equity Lifestyle Properties, a publicly traded company chaired by billionaire Sam Zell, is the largest mobile home park owner in the nation, with 140,333 home sites in 379 properties in 32 states and Canada. The award represents about 10 percent of its assets."
http://www.mercurynews.com/crime-courts/ci_25604664/jury-awards-record-1...
How ridiculous your ideas are. People like this own gold in Zurich and Australia and can lease a private jet at a moments notice. He'll just read about your unfortunate demise in the "civil unrest" in the local paper.
You have better things to do than reading my posts.
I pontificate
You pontificate
We all pontificate
Der "Gravedancer" Sprechenze und der Schweinhund Stawkmarkit von Realschmitt SchtuppenPanzerfaustt ME 2000 is ferblungett und ferklempt.... Ja Das iss Goot!
Gesundheit.
Farhfunagen
Zyklon-B
So if all billionaires are on the sidelines in cash, how can there be a crash? If the markets falls a little, they gonna buy, right? So no crash?
They can't buy unless they turn the cash on the sidelines into dry-powder. It's the dry-powder that makes for a smart-n-savvy investor.
There's very complex rules that need to be followed.
"There's very complex rules that need to be followed. " right, and those rules are whatever the best attorney and lobbiest says they are.
The only rule that needs to be followed is Truth. I understand your smart and savvy shtick and why you think it's male dominance vs female nurture. Problem is you don't understand human nature and what you are doing is describing what went wrong with Western culture. We will return to sanity and truth. Liberalism and its false equivalence is finished. Only thing standing in the way is some leftover boomers.
Re: smart and savvy shtick
You mean where the smartests-n-savviest people win? Who else would win? The "Moral" ones, or the dumb-n-clueless ones? Saying the smart-n-savvy people will win is like saying (well) bears poop in the woods.
Re: understand human nature
It appears that, based on ~3000 years of written history, it's pretty obvious.
Re: We will return to sanity and truth.
Return? Which dates have the past "sanity and truth" (without the males with the biggest dicks trying to win)?
If the smartest and savviest always win, there would be no change, history would be an unbroken continuum. But there is a truth which always makes fools of the smartest and savviest. Which is what you're about to find out.
Re: Which is what you're about to find out.
I think you're going to find out that "the change" is just new smart-n-savvy people eating the old smart-n-savvy people. The dumb-n-clueless (and those with economic morality OCD) are just food.
It's a survival of the fittest society (and world), "smart-n-savvy" is just a another name for "best predator" (sounds better in sentences than "best predator" too).
You are such a tard if you think any of these white shoe boys are predators. These people couldn't commit a single act of predation if they tried. They are pussified mama's boys that think they are hard. The first sign of real adversity will have them cowering behind a dumpster. It's why these assholes pay so much for security, because they know the real predators are actually out there waiting.
I love reading the silly posts you fools make. You think these financial weenies are a threat to anyone without their paper being trusted, or their security details? Please... What a joke.
Put them on a battlefield and hand them a rifle, and watch how fast they piss themselves.
Nid, you have to admit that the "white shoe boys" have been running the circus for quite a while now. Yes, they don't have big muscles and rip people to shreds, but the outcome is the same: their genes are perpetuating and others' not so much. Eventually, however, yes, these folks/genes aren't going to make it.
"Put them on a battlefield and hand them a rifle, and watch how fast they piss themselves."
Again, yes, but this isn't happening and hasn't happened in a LONG time.
I have to agree with the basic premise that NotAnAmerican is putting forth here (it's the message, not necessarily the one I like, and it's not the messenger).
re: harbanger and notrealamerican:
this is what's left of ZeroHedge? you're both assholes and your posts are consistently inane and aggravating, I can't decide which one of you I hate more... buh bye ZH, was fun for 5 years
Since you have not beeen around long enough to figure it out...
HISTORY IS AN UNBROKEN CONTINUUM.
Meet the new boss...same as the old boss.
Think about your question. Prices crash as fear sets in, people stop buying, people get laid off. Then people with cash come in and buy up companies at rock bottom prices. The boom and bust don't happen simultaneously. It takes time for the economy to pick up steam again.
If it crashes it's Putin's fault.
If it hits new highs it's because America is above average.
Do you have time in the morning to come on CNBC? I think you have a future in financial `journalizm'
CNBC? Isn't that more like financial jizm?
ok Al....i'm kinda looking like your profile pic because i just didn't see that coming. aaaaaaaohhhhhhhhhhh!
Well, you know, I saw it and I couldn't resist...
To repeat for the umpteenth time. US stocks are in a secular bull market and they are going way higher. However, I never buy into strength and taking profits into strength is always smart risk wise. Sept/Oct is often bearish for stocks, but I hope that I'm not too much of a pussy to buy into a large reaction in stocks.
There is nowhere else for money to go.
It can't go to sidelines and turn into dry powder?
NOTaREALmerican It can't go to sidelines and turn into dry powder?
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This dry powder crap has to stop. That is MSM financial talk which is BS. If I have a million in securities, I can transfer that into another asset within days in most cases. No need to have a bunch of money sitting on the sideline.
For example, if you have a 401k and you are quiting your job with the company, you can convert that 401k to an IRA. No dry powder.
And these super wealthy have all the deals that allow them to transfer one asset into another to lower costs. If they have cash, that says something. Otherwise it would be invested already.
By secular you mean Fed ?
Not like there's any alternative, huh?
Clever way for illuminati to cover up the about-to-be completed heist with warnings ... guillotine insurance
Those motherfuckers have been shorting and bleeding as we speak. They desperately need sheeple to act so that they can close their shorts.
Do you really think that the combined assets of the "sheeple" will even make a blip on the "market"? The movers of this market will be (in order of size)
Apparently you fail to grasp the essence of contemporary physics.
When everybody and their dog is calling for a stock market crash it's usually the opposite that happens.
If the market crashes or soars...PMs will go down.
Yep, my towel is flying through the air in slow-mo.
Has carl figured out that the "A" in NSA stands for apple?
The NSA just watched me give you an up arrow.
I'm safe cuz I gave you a down arrow. :)
In a "deflationary" death spiral it isn't so much about the return on capital as the return of capital that matters.
In reality we all know that there is no such thing as deflation for the average schmuck.
The bubble has been blown, getting quite full and turgid.
Just look at the S&P ramp 2009-Present.
Those who get out at the right time make a lot of money.
Those who don't get out get 2001'd or 2008'd.
That is the game (401K/IRA crowd always lose).
All of these men have zero knowledge, zero wisdom. They're not smart, they're not hardworking, they're not vigilant nor are they prescient. They are all connected to the free-money machine. That's it.
I've listened to Stan on several occassions. Why do we have a penchant for tearing people down who are/were successful? Took advantage of the system? - you bet. Zero knowledge, zero wisdom - hardly. Because I will listen to Stan, long before I listen to you.
Pareto
Did I ask you to "listen to me?"
I'm simply stating a fact. These men belong to the free money machine.
Successful? LIke this?
"How to Ruin a Company"
"The first of the money men descended on Simplicity Pattern Co. in the autumn of 1979.
By the time they were finished a decade later, a company that once had $100 million in the bank was more than $100 million in the hole."
"In that decade, the money men:
-- Bought and sold the company four times and made tens of millions of dollars running up the price of Simplicity stock in threatened and actual takeovers.
-- Drained $100 million that Simplicity had in its bank account and investment portfolio.
-- Raided the company's pension funds on two occasions.
-- Issued bonds and borrowed from banks, sending the company's debt soaring from almost nothing to $100 million.
-- Sold off properties to raise badly needed cash after they had depleted the company's $100 million cushion.
-- Created so much debt that Simplicity could no longer generate enough cash to make interest payments.
-- Defaulted on the interest payments on bonds and bank loans."
"In August 1981, companies controlled by Carl C. Icahn reported they had acquired 1.6 million shares of Simplicity - 11.2 percent of the stock. By November, Icahn controlled 13.3 percent and had made a tender offer to buy an additional 18 percent - effectively blocking the NCC-Simplicity deal.
To fend off Icahn, NCC Energy enlisted the help of an Australian company, Waltons Bond Ltd., to make a counteroffer for Icahn's holdings. A month later, in December 1981, Waltons Bond paid Icahn's companies $26.5 million for their 1.8 million shares.
That transaction was especially lucrative for Icahn, whose businesses picked up a quick $15 million profit.
The scorecard read: Investors Posner and Icahn: $25 million. Simplicity, its employees and customers: reduced earnings and higher pattern prices."
http://community.seattletimes.nwsource.com/archive/?date=19911103&slug=1...Exactly.
No brilliance, no insight, nothing. Just free capital. Go ahead, give me free money and I can force a company into debt-hell also.
BTW I had the occasion to live in a rental that was acquired by Zell. The place turned into a dangerous shithole virtually overnight.
I disagree....it is just you probably couldn't live with yourself...knowing you stole someone pension or stole their house or stole their life savings. Wall Street and these guys brag about it. They keep priming the pump by giving the bankers billions...problem is the bankers are the most inept and crooked of the bunch. They would IPO a hole in the ground for a trillion...lying nine ways to Sunday how great it is. Their is no punishment or claw back, just and endless flow of those on gravy train of government scams. The people there now are soulless scam artists!
Ya Soros, he has the ole Martingale double down strategy working for him. He is like a pedophile that won't stop until he is locked up.
Wonder if any of these scumbags will be allowed to enter the FEDs bunkers when the mushroom clouds go off or will they end up the prey of the last surviving degenerate bankster.
Yes I do because if these guys are heading for the sidelines and other like minded big time investors then you better pay attention.
I am reminded of the Summer of 1987 before the October Crash that year how all of the Big Investors and Green Mail guys started gettting out of the market and going to cash. Well then it happened and the same guys got back in at the unreal lows and started buying again only they could buy up twice to three times the same shares at a discount.
So, basically, we're getting ready for the HUGE BtFD opportunity that makes those of us on the side-lines (with dry-powder) the next generation of smart-n-savvy people who run the planet and get all the females with the biggest teeth and hair?
Fangs, but close.
The market has been overvalued for some time; the fact that they are all singing in unison now makes me wonder if they have some inside information on the direction of Fed policy.
It's much easier to time one's bets when one has a pipeline to the source. I'm speculating here, but you have to wonder.
If they did, they'd be cut-off talking about it. Besides, what kinda smart-n-savvy person talks about insider information.
A smart-n-savvy person would give out the opposite of the insider information.
Why would stocks prices ever drop if the federal reserves of the world continue to devalue the currency?
Stocks valueations should mean nothing if there is no value in the currencies they are priced too. gold if it was not manipulated would also be following this same trajectory i think
Just my $.02
I thought the market (except my gold stocks) was the economy.
I think the real indicator is hearing them laugh all the way to the bank...
"I don't remember any time in my career where there have been as many wildcards floating out there..."
That I think is the one indisputable statement in this article. Many many potentials... or "gray" swans that may change life as we know it when one or more of them land. As always, it's just a question of when.
It's funny, for me, the more I hear such talk, the longer I feel it will be before those potential wildcard swans come home to roost. Just sayin'.
Fuck Icahn, Soros and all them creeps.
FACEBOOK IS DOWN...oh, the humanity!!!Regardless of what these guys say, let's forget about these dubious warnings and focus on the most important fact - the S&P has held the 2000 mark yet again! Surely this is a sign that we can all relax and lever up?
The prepping book of all prepping books
http://newamerica-now.blogspot.com/2014/02/beyond-collapse.html
"He said the top tax rate should be changed..."
LOL. Yet another 0.0001% trying to make us fall for the higher tax rate trick.
News flash: top tax rate in the US is nearly 40%. These assholes are paying a 14% effective tax rate. Rates don't mean shit, it's how income is defined and what can be deducted.
Stop fucking over small businessmen, doctors and lawyers with this rate shit and make the "rational" tax policy zero taxes, or nuke any and all deductions and tax all capital gains at nominal income rates. There is your rational tax policy.
Soros is going to score a huge amount of worthless USD
dont be stupid, soros published going long gold miners and short s&p ... the best contrarian indicator ... s&p is going up for next few months for sure. Surprised that zh intelligence went muppet
Surely, these great investing minds must know that central bankers and computer trading have replaced everything they knew about investing?
Or the real world!
Who would have guessed that it wouldn't be a charismatic and articulate religious or political or military leader who would bring peace, love and prosperity to the world, but rather, a humble collection of lowly central bankers, whose compassion and love for humanity has resulted in a new era of abundance and fulfillment for all. We are so lucky to have them running the world. Well, them and also Kissenger, Cheney and Rumsfeld, but you get the idea...
I'm thankful that I'm NOT immortal. Could you imagine living forever with these fuckers?
LOL - you know they've figured it out, right? I mean, immortality - look at those fuckers, how old is Kissinger now, 140? 150? And Prince Philip - fuck, I there are pictures of him playing polo with the Kaiser before WWI.
Worse, their genes will live on! Nature will eventually fix this insanity... (maybe it'll be like the "Greys" coming to earth because they've inbred to the point that they're dying [note: it's a story, not necessarily one I believe in- anything is Possible; I, however, deal in Probabilities])
i'm leaning toward their existence, no repro organs, they are cloned, not nearly as brilliant as the tall greys. they are evolving to the point of rebellion against their masters, the talls. They must be dumbed back down after 500 million years of evolution in spite of in-cloning. Their temperature is room temperature, still approximately 520 deg. R which is 520 above absolute zero. This highly elevated temperature allows their chemical kinetics to progress with evolution unabated. Alas, they must be reversed and dumbed down by human DNA because of plotting a coup. Not wanting to overdo it they pick normal human beings to control the gene mixing but when they need a real dose of dumber genes to mix, they choose economists from Cambridge, MA and Oxford, England to really deflate the gene pool.
They have most recently been experimenting with even lower order genes just in case the others don't plunge them farther back into subservience, they will release the ultimate downer genes, the hybrids of muslim clerics and aids laden Rhesus monkeys. Unfortunately Africans were brreeding with the monkeys and it loosed the HIV virus. Somehow it crossed genetically with some CIA developed Lyme disease on a flight from JFK to Lagos to offshore roughnecks now the whole world is fucked. That's the bad news. The good news is that those microbes in turn will eat malaria, polio, small pox, and digest it, and piss out gasoline. The Japanese parliament funded a trillion for research to further crossbreed them with Snow Monkeys on Mount Fuji to try to develop microbes that eat Ebola, HIV, wasabi, seaweed and recycle nuclear meltdown waste to yield 20 year old scotch.
Hey don't shoot the messenger, I got this from a genius in a sports bar in Tahoe in Incline Village, NV from a guy that owns a medical mary jane store in Kings Beach, CA. Smartest guy I ever met, puts Moonbeam to shame, should be guv.
I don't care about these Zionist scumbags stawk portfolios, I want to know when they've piled on the shorts, that's the only action that actually matters.
.
when you buy an equity or treasury
you pay with debt notes
of uncertain value for the opportunity of
selling an unspecified promise made by a
con artist to a perfect stranger at some time
in the increasingly darkened future.
that is great as long as it lasts but
at the end of the day there is no appointment,
just disappointment. chalk it up to good times
i say.
.
counts with his fingers does he, opportunity,
but he says he has too many fingers. one for every year
she's away ......
.
lopsided, unbalanced and crooked; that is what it is
and by design and for that exact purpose. a mechanism
of social control and ownership by financial law.
ok, now what?
Tom Waits - Ninth & Hennepin
https://www.youtube.com/watch?v=DPe_wuZov2s
Gun Street Girl - Tom Waits - 10-30-99
https://www.youtube.com/watch?v=DXwYg4CYbns
Any number of events can cause money to be pulled quickly. Ebola, Russia, ISIS, 9/11.
I think that it's even more inclusive... you missed "non-events!"
Shock & Awe Wars
“Women who seek to be equal to men” are just as stupid.
If I can produce a superior product in 2 hours, why would I enter a competition for 8, 40 or 60 hours at $10/hr, or $15/hr, or $25/hr, to produce an inferior product, chasing 25% real estate inflation, 10% stock market inflation, and 5% bond inflation, with 2 and 20 leverage, only to have the Fed restock the losers with free money (debt assigned to my children), Congress tax me into further submission, and SCOTUS kidnap my kids, when the system fails to produce a surplus for redistribution?
And why would I work for gold, with even more irrational moneychangers, who obtained the gold on the empire’s credit card, to inflate the empire’s gold price?
The longer it takes to dismantle Family Law, the more people are going to die, the more barbaric they are going to die, and the higher probability they will die on American soil, because America no longer has the support of labor, there is no geographic relief valve, and virtual space is pre-occupied with surveillance technology, collecting an avalanche of useless and irreconcilable data.
The petty dictators trained by American politicians in Syria and elsewhere, the petrodollar, and the US Navy are sunk costs. And you cannot win a war with mercenaries paid in inflation.
That’s what Putin knows, and, right now, he’s the biggest shark in the tank, which the waiting sharks are hoping will self-destruct, because they are expecting History to repeat.
Never bank on a politician, who will go to bed with anyone, to die another day. Politicians are like diapers; some you throw away, and others you throw in the wash, until you throw them away.
The point is not just to survive, or to collect toys for juveniles. The Bay Area is being set up as the scapegoat. $125 for the cheap seats at the latest peer pressure coliseum; that’s a good sign.
Life cannot be quantified, for a reason, but keep increasing rent on busy work, swapping the paper in shorter institutional durations on longer retail durations, with flippers in the middle, expecting a different outcome.
So, I’m laying brick for a Jew, who adopts children to recycle Mexican immigrants, so he can burn down his own house at Bermuda Dunes Country Club, to collect the insurance, again, watching Bench sail a ball past the green from the tee, waiting to play Frisbee golf, before there was Frisbee golf…and a chocolate maker adopt children to work in the factory, as a street/Internet façade for medicinal pot growers, cutting and burning down redwoods, so the landlords can increase rent in a tourist destination for Bay Area hot money derivatives…the best democracy public, private and non-profit corporations can buy/steal.
You gotta play on your knees to make a game of it, and it’s still not worth playing. Bring on the winning fascist, and occupation army of automatons breeding automatons, practicing child yoga and spiritual living, in a community of witches and warlocks, raising, impoverishing and programming a child to its own end. Scary stuff.
Medicinal potheads taxing tobacco to fund busy work, thinking the war is going to give them a pass…you might want to get your own house in order, before knocking at the door of labor again, or not.
Let’s see, what cannot be fitted – Exceptionalism, Capitalism, Socialism, Bell Curve, or IQ Test?
OK, so, go ahead. Shock and awe me, with the next city manager cum laude, gang commander, and child workforce, to feed the ponzi. That’s the return line, and not a working motor to be found. Good luck with that.
It's ALL been an illusion. And now the fun ends...
DOW 30,000! Dont fight the FED! The FED PUT is a guaran-damn-tee ! I don't give a rat's ass what those dumfuck billionaires publicly pronounce.
Bah, Princess Yellen and the Jewistines need "moar" shorts to eat. They be runnin out of sucka's.
(A). Everything overblown all the time. No adults in charge.
We are not contemplating TEOTWAWKI here, just a normal corrrection given the circumstances.
I agree with the general premise, that more and more voices are getting aboard with the argument that the thing is approaching.
The very fact that a 1% down day in the SPY roils the media like it does, demonstrates to me the new normalcy of (A). above ... so many are no longer here, so many have forgotten.
And look at China for a far, far more extreme case ... my wife's generation (graduated from college in the late 1980's) has literally never seen a correction of any size. RRE does not count yet because the big cities are staying bouyant. Employment is staying bouyant. There has been no meaningful contraction in China's economy since Deng Xiaopeng called on Chinese to get gloriously rich. There has been no slowing apparent. Yet.
What's coming is pretty much summed up by this movie:
http://www.youtube.com/watch?v=n-wUdetAAlY
Hongcha- I agree. The fact that so many regulars have faded away (capitulated?) indicates that we are closer. I will go all in when Harry Wanger and Robotrader make their returns.
I fear we have been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years. It is important that we ask ourselves have these actions really worked or merely masked over major flaws and problems? For fun consider that by not demanding the right kind of growth and by throwing money at problems we have only delayed and added to festering issues that face us in the future.
Modern Monetary Theory often referred to as MMT to its many believers removes much of the risk ahead and guarantees that we will always be able to muddle forward. MMT is an economic theory that details the procedures and consequences of using government-issued tokens and our current units of fiat money. Newly acquired tools like derivatives and currency swaps are suppose to allow us to print and manipulate away problems. What I'm seeing develop is an "almost surreal" feeling of indifference towards reality. More on this subject and the fatal flaw in MMT below.
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complace...
When have we NOT pretended that we can exercise perpetual growth on a finite planet? This is the REAL premise that provides support for all the other BS (and thus gives full support to non-reality).
Blog links from January?
Christ-in-a-car-seat, are you serious?
Why don't you go away, Bruce.
I think many would agree that the FED and publicly traded companies have been buying huge amounts of stock. I think the reason most think this is happening is wrong.
The FED has been providing cheap capital so companies can buy back their stock while at the same time, the FED has also been buying huge amounts of stock. These two actions have kept the stock prices at all time highs.
The reason for all this is so the insiders and big money crooks can sell their stock, in effect to the people, and then purchase real assets like land and other real producing and tangible assets.
Now that the insiders have cashed out and purcased real assets, the FED will start to dump stock and the people/peasants will see their 401K and other paper holdings evaporate.
Then you have the likes of Soros making huge bets that the market will crash. He is an insider like others who will profit both ways.
This is how they always work. They look out for number one and screw everyone else.
an incredible financial crime related to derivatives
was committed and is being covered up. the fed is the bad
bank that was needed to dump the evidence and losses.
the math of the money system itself demanded an
extraordinary boost natural growth, war and expansion
could not accomplish.
.
it is not a market or money system you see,
it is a crime scene, they can't fix that.
disparity is the result of asymmetric financial
war against the people of the world, all to save
a poorly designed money system from 1913. many millions
have died for/because of it and they would like to
kill many more to prop-sustain the fraud and
illusion. most everyone is in to one degree or another.
good luck.
Not in defense of the corporations, but it's possible that there's a slightly different bit of reasoning going on. Consider:
There are folks that actually care/believe in a given company and they see their company being tweaked and twisted by Wall Street, and that this Wall Street activity is only getting worse, what to do? Perhaps, like many here, they are removing themselves from the casino operations?
Corporations, no matter your view (mine isn't necessarily one of awe), are intended to be perpetuating. Wall Street, stocked with loan sharks (and not people who actually make anything), is only interested in making the buck today, no matter what detriment to the host that may conjure up tomorrow: are most folks here really any different? that is, in the market to make a buck- how often to place one's money because one believes in a given company or its products/usefulness?
The vultures, however, will only become more persistent as growth continues to diminish. In the end we'll eat our dog-food system...
New pics on the list
List of all celeb leaked pictures
http://homment.com/celbrities
why be peeping tom when you can be beanstalk with your own home grown celeb?
lame.
to err is human to forgive is divine...never hang a banker when he can hang himself on a long that prolongs its titanic moment.
Icahn, Soros, Druckenmiller, Zell ...
dear sir
we have no record of your bank, brokerage account being active.
records indicate you transferred your funds to teheran and beijing
sincerely
Yeah..its wierd. .its almost as though they have some kinda inside information or something. ..how do they do it?.. :/
Anyway.buy...buy...buy...Market can only go up from here.
Time for a 3 hour tour
"Having cash" as in bail-in-able money market funds? Jus' sayin'...
Icahn, Soros, Druckenmiller and Zell walked into Zero Hedge...
Who cares what billionaires say when we can just do the opposite of Gartner?
It will all fall apart when margin requirements are increased. Leveraged investors MUST sell....whatever....to make margin call and the downward spiral will be unstoppable as margin calls induce more selling. The FRBNY has been able to prop up equities, but when the margin calls start the dominoes begin to fall.
When there are no more assets for the FRBNY to buy; since they have 4 trillion in assets already, what will they buy in order to print enough money to satisfy the margin calls?
It is just a matter of time!
But that would require some volatility, and volitility has been outlawed...
4 billionaires - 3 Jewish and one guy who made his millions working for one of the Jews, all consummate insiders who might know less about how "the economy" works than a guy trying to sell houses in a Detroit suburb...
Sounds about right - let me study what they have to say, for they are surely out to dispense good financial advice to the chattel...
Here's mine - end the fed, break up the mega banks, and deport the dual citizens.
"Yes you can President Obama"...
Go on a trip at an exclusive "very secure" lodging in Wales to discuss World domination (with no money to pay for it) as one of your once more important cities back home is on fire -literally with arson!
Just to show ya how important the MSM "butt plug" deems these arson event(s) all happening in one day, this hasn't even made the 5:00 news in Washington D.C. !
DONT WORRY.... THE FED'S GOT EVERYONE'S BACK!!!! ...... 2 THUMBS UP FOR THE FED!!! ...... QE TO DA MOON!!!!!!!!!!!!!!!!!!!!!
http://homment.com/libyanjets
Photos: Missing Libyan Jetliners Raise Fears of Suicide Airliner Attacks on 9/11
Just like MH-370 and MH-17... We now have a pretty little chorus line!
Well at least we know they are either not real good at hiding black ops stuff OR we have informant(s) inside that have had enough of this shit and are pointed towards the alternative media to get the word out so that 9/11 on steroids doesn't happen!
This came out a couple years ago and I believe we were real close to seeing it used to start something in the ME before some "loyals" nipped it in the bud.
https://www.youtube.com/watch?v=tciPmfpANzY
Thx O
missing?
Did you look around Israel?
http://www.bollyn.com/are-the-israelis-planning-another-9-11-using-the-m...
Yep D
I did see that. I'm a fan of Bollyn and much of what he writes.
Thx
Trouble is when you put your cash out at 3 -4% interest, it isn't your cash anymore.
It's just your principal.
You know what these men have in common. Like Obama, they are all secret muslims.
For serious.
Sam Zell belongs at the end of a pencil.
All new world order types tend to trend toward the Muslims don't they. I have no idea why but you can't help but see the comfy gathering. Totally bizarre if you ask me.
Everybodys All ... All new world order types tend to trend toward the Muslims don't they. I have no idea why but you can't help but see the comfy gathering. Totally bizarre if you ask me.
---
They trend toward the left because they want to be liked as the left controls the MSM. That is their short minded view of things.
And dare I say that biblically, the left is to rule the world until Jesus returns. The left is of Satan. The left was of Hitler and is of the Islamic revolution. Even many Jews trend toward the left which is why the bible predicts the destruction of Israel. Not really surprising. All predicted.