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Deutsche Bank: The Bubble Must Go On To Sustain The "Current Global Financial System"
When all is said and done, it all basically boils down to this: from Deutsche Bank's Jim Reid.
The bubble probably needs to continue in order to sustain the current global financial system and the necessary future deleveraging. However with yields moving ever lower in many parts of the world in recent times, partly due to weak growth, and with debt levels still moving higher, the chances are that most government bondholders are unlikely to achieve a positive real return over the medium to long-term from this starting point. Inflation or even the risk of sovereign restructuring will likely prevent this.
So there you have it: either the bubble goes on, or the "current global financial system" gets it.
What is left unsaid is that it is only the "1%" who benefits from the bubble. The wealth and income of everyone else gets progressively less, as even the Fed has been forced to admit, until there is nothing left. And should the bubble burst? Why the central banks will just reflate yet another bubble, which translated in lay man's terms means steal even more from the global middle class and give to the world's richest.
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Must.
Go.
On.
The bubble which benefits the 1% must go on OR else they will end up like the rest of the 99%. Ok, thanks for being somewhat honest there DB.
So, do we declare "Mission Accomplished" and decommission project ZeroHedge??
I mean, we're done here, right? We can all go home now?
Nein! Yoo vill sh-tay on yoo sta-shun until told uzuh-veis!
farfegnugen was so 90's
this is bubblegnugen baby!
Deutsche Bank: We have to take this Thelma and Louise world economy to its preordained conclusion.
Ya know... There is no "Acid Test" for telling if a Banker has Morals or Ethics. Naturally there are laws & regulations each banker must work under, but it doesn't prove a damn thing.
This concerns me.
In Washington DC, the scrapped all the Rules about Conflict of Interest for the most part. Financial Conflict of Interest are all over DC. It is like they want to be Bankers not Serve in the Government.
But how do we tell if Bankers Set up the terms for the TARP Bailout & QE Infinity in 2007 and even moved John Paulson into the Seat as Secretary of Treasury. It is obvious now that the Top of the Housing Market was October or December of 2005!
I just assume the TBTJ Bankers planned the whole thing. Besides Congress will do anything for the guys with the Money. The Federal Government seems based on this fact that we treat bankers and defense contractors like Royalty. Look at Dick Cheeny he is still acting like Royalty since he is a CIA/NSA Intelligence Insider.
So when Bankers make public announcements or testify in public or in Congress... HOW the hell do we know they are not the most destructive, anti-patriot, Fraud Perpetuating, Asshole??
“There is nothing more deceptive than an obvious fact.”
--Arthur Conana Doyle, The Boscombe Valley Mystery
I've been telling people for years we're operating on the Thelma and Louise financial plan; but they just laugh.
US warship: mayday,mayday we're sinking, we're sinking!!
German coast guard:.....what are you zinking about??
As we've all deduced over the past 5 years: they have no plan.
Would it not make more sense to let the air out of this bubble a little at a time until some sense of normalcy could replace it? I guess it's too late for that. What a bunch of maroons.
But they see it coming.
Tanks in the street bitches. Either now or later. They prefer later, of course.
You've got it all wrong. Bubbles are their entire plan. The idea that they seek normalcy is abnormal.
You honestly think it's a "mistake" that the richest operate only for their own benefit?
Everyone operates for their own benefit; this is fundamental and obvious; it does not serve to distinguish the rich from anyone else. Bubbles are not planned; they are second order effects of un-regulated and crazy financial "planning". Basically, at the root, simply financing governments.
Completely correct; they have no plan. And "Denial" is not just a river in Egypt anymore. It's operating policy.
Isn't it the opposite?
It's soon time for Project Mayhem, bitchez... Stack on!
It may have started ;)
But of course you cant ask questions.
I don't see any alternative to PM's. Preferable Silver; for many reasons. This was my conclusion in 1979; and it has never changed. As Paul Craig Roberts says, "the thing that amazes me is how long it has gone on"; referring to the inevitability of financial collapse.
By the time deleveraging commences (global financial meltdown) the money masters will need to have converted their windfalls from QE into hard assets and 401K, SEP IRA's and every pension fund will need to hold all of the paper positions. Got it?
As I think you suggest, deleveraging will never actually happen because it cannot happen without destroying the global financial system of today. That system is built upon ever increasing amounts of debt and deleveraging is it's death nell..
What will appen is a catostrophic destruction of currencies. and all hell will break loose as the scramble for possession hits everyone at the same time. The law of title will not be adhered to, in fact the entire rule of law will be thrown out the window. It's own it and possess it or forget it.
Your analysis is correct, except that deleveraging will happen, and the global financial system will be destroyed. It's a farce. a house of cards built without even any cards. A world will no money; only pretty paper; an experiment by madmen.
It will happen when the 99% are at the top of their savings in paper, Peak Bagholder in other words. Let's see. The first baby boomer was born in 1946 and is now 68 years old. People born in 1949 are now hitting 65. Peak bagholder probably occurs a few years later as the distribution is skewed towards people born in the 1950s. I'll guess Peak Bagholder occurs when people born in 1952 hit 65 or 2017.
No, we're in a holding pattern until the Big Show happens. Then we'll curl up in our bunkers with a bucket of popcorn and watch (and probably pat ourselves on the back for being right while the world collapses around us, and ponder if that 20-something barista that worked down the street before the riots would think holding gold coins make us handsome enough.)
Yeeeehaw!!
Right on!
Are we talking about that blonde 20 something with the long legs?
"declare "Mission Accomplished" and decommission project ZeroHedge??"
Listen. Just today I was wondering when the grant was going to dry up.
Please tell. We can "HANDLE THE TRUTH"!
Clearly some people and some ZHers do not understand German irony or code-speak. Note the "tell" in the rest of the sentence: "...and the necessary future deleveraging." Decoded into plain/Plebeian English, this means:
"The Ponzi must continue until its Prime Beneficiaries have deleveraged and secured their asse(t)s, i.e. monetized their ill-gotten gains and put them and themselves out of harm's way."
Questions/'Fragen'? OK, as you were then.
p.s. Hedge, plan and prep accordingly: Deleverage your risk, and Secure your asse(t)s. IOW: Keep packing, stacking and racking.
Exactly, all this is being done to protect the superrich and rich from losing it all or most of their wealth. So they sacrifice the rest for the 1 percent.
Not a bit of it. They know to protect themselves; they can hire people who can advise them. It's being done to finance crazy malevolent governments. Don't become distracted; your government, and other goernments, are your enemy.
I hear ya.
IE..
We can still get higher, party ain't over.
We all know how that turns out in the morning.
Print Moar paper please, i must wipe my a$$
I am super glad I bought that Picasso and copy of Action # 1.
Dont hate the playerz..........hatez the game !!!!!!!
somecallmetimmah;
- Lebensraum
- Seek Perfection, Seek Success, Seek Integrity
- Buy to the f*cking Death
- They are just "Making a Market"
- They are "Doing Gods Work"
- They will demand to manage their next "Bailout" and get "Fees" for this as well
- There must be winners & losers, the only way to tell is who ends up with more money
Or; as I've been saying for many years now; Bonds, instruments of guaranteed confistication. Why should the central authority return to you the PURCHASING POWER you loaned them? Much less any 'GAINS'. Why? It's not in their interest and they won't do it. Never mind the numbers of dollars/euros; what will they buy?
Perhaps we should pardon Madoff as we clearly need a professional Global Ponzi Scheme Manager in charge at this point!
Deutschebank: "You're fucked, just give us your money."
Same thing a nice young lady once told me. A very flexible gal. Nice smile, too.
Anyone know if there's a link/source for this quote? Would be nice to see any additional context in which it was said. Thx in advance if you can provide it.
<---Laughing
<---crying
<--------Both
<--------Needs new underpants
<--------Needs a drink (is it noon yet?)
Always noon somewhere. Salud!
<--- Smirking
Seriously, you go out and air the financial shit to the unwashed masses, and a lot of the time, you either get the glazed over eyes because they don't understand what the fuck you are talking about, or you get accused of wearing tinfoil. There are people who understand, but a lot of them just bleat. Well, now that a big bank is saying it, it's not so tin-foilish, now is it?
Can't save the world, dude. Don't even try. You'll only get yourself fragged in the process.
Some forests need to burn.
Nope, you cannot save the world, but I'll save who I can.
"go out and air the financial shit to the unwashed masses, and a lot of the time, you either get the glazed over eyes because they don't understand what the fuck you are talking about"
This is the plan. An why in the early 70's, it was decided that people were becoming too educated and the trend needed to reverse.
Deflation means that Main St can afford to buy more with their measly pittance. No wonder they'll sell our futures future to prevent that from ever happening.
way too much resistance for deflation...sure it could work but try telling anyone that part of that future is a smaller paycheck for them...but but my mortgage! they say....
Nope...inflation is the only way the people will tolerate a good collapse...besides...it feels good a first.
Actually shrinking everything can't work because then it is the same only proportionately smaller.
Growing everything...ditto...but there is ONE thing that can increase in value, that solves a lot of problems and at least leaves the central banks intact. It is something most of them have. It is something they have held for years while tolerating it's suppressed price. One day they will just revalue it higher...because the can and they must...get some gold and follow behind them.
Well , DB for sure need the bubble to go on , with the exposure they have in derivatives.
Fine these fuckers and they suddenly start speaking some truth?
What happens if they get jailed? Be fun to find out.
Let me be the first to say, fuck the "current global financial system" and the zionist horse it rode in on.
Neither Nixon, nor his financial advsor Professor Friedman were Zionists. I'd like to say "nice try" but it it's not even close.
duh, Tyler.
tell us something we don't know.
Tyler didn't say it. A banker did. It's newsworthy.
News....It's not about what is said, it's about who said it! LOL
So the endgame will come when CBs own every GovBond and every stock available. Will be interesting to see them hand out food at that time.
Which in practical terms means: CBs have become governments. They OWN the government, all it's assets and they paying classes (also called by some: tax paying citizens).
I don't know how they did it, but motherfuckers bought everything!
You know what happened in the past to people that lent too much money to crazy Kings? No? Go read any history book. King's hate being pushed around. The Medici's learnt this the hard way. So did the lenders to Henry VIII.
Kings also hate to pay back loans. For some reason they prefer to start wars to kill off the debt.
Go get some popcorn, this will be a nail biting movie.
Uh....they have printing press?!?
The bubble probably needs to continue in order to sustain deutsche bank's existence.
FTFY
Inflate or die.
That's what she said?
Inflate and die. That's how it's always worked. The "die" part isn't optional.
They saw Titanic.
Bank lobby basically is pleading for survival and admiting defeat. This is some kind of begging for mercy
I can't see Military Complex having any more compassion for them.
Game over
I want you to know I've put some thought into your military/financial theory, but I'm still not getting it.
I'm seeing the military/industrial complex slowly losing ground, just because their spending is being crowded out by entitlements. Banks have locked in their permanent survival by becoming essentially for-profit wards of the state.
I'm not trying to get into an argument with you. It's just obvious we're coming at this from completely different perspectives. My perspective (which has been with me a long time) could well be distorted.
You got a white paper or something that explains all this?
No paper, no link. Just my observations reading all sides where they stand.
Military, neocons: Strong USD (neocons see that as national security)
Bank lobby: Weak USD (already declared that they want USD to be replaced by SDR)
If I were to provide links, it'd be like 50 links.
OK. I'll try to keep an open mind about it.
This is a false dichotomy. Without fed notes, MIC is a non-starter. All you're describing is infighting for a bigger share of the loot.
Fed is just academics,............ think.
Fed will kiss the butt of any lobby who wins, otherwise offers they can't refuse arrive soon
Correct. It's a distinction without a difference.
First to the door wins
No, that's what she said.
"If you don't continue this bubble, we'll kill this dog!"
https://en.wikipedia.org/wiki/File:Natlamp73.jpg
One problem is that, in addition to the 'world's richest' a lot of that wealth is held for widows, orphans and the pensions of most of the world's workers. If it all goes down the toilet the future of the world's retirees goes with it.
I think this is inevitable. There is no way the entire lump of wealth, thought to be held in paper form, can be used to provide future benefits to so many.
It keeps coming back to the huge amount of debt, which is really just a bunch of promises that cannot be kept.
We individuals who see this need to protect ourselves and families with thing (s) that will retain purchasing power in that bleak future....gold is on the top of my list but a Picasso might due if you already have #1.
They will be inseparable until it is in their motivation to separate them. They can do what they want. Laws cannot stop them, evidenced by GM where they ignored precedence of ownership.
Therefore, you have to come to the conclusion that they are choosing to do exactly what they are doing, and will continue to do so in the future, unless forced otherwise....
Where will you take your gold and Picasso to transact / facilitate exchange for goods?
Yes, the bubble probably needs to continue. LOL.
No fucking shit. Wake me when there's real news Dousche bank. How are those trillions in derivatives doing?
"How are those trillions in derivatives doing?"
It's why Douchebag Bank needs to keep the game going.
"Tick tock motherfuckers..."
LawsOfPhysics
Indeed, to reiterate my comment below, these folks stink of fear.
of course the real owners are perfectly safe...
"and the necessary future deleveraging."
The Great Myth
Isn't the whole point of a bubble that it can't be sustained by any means?
We're going for the world's record. Anyone can pop a bubble, but it takes real commitment and skill to blow the largest one ever.
Can a bubble expand in space? I believe the earth is in the bubble.
Divided States: The bubble which benefits the 1% must go on OR else they will end up like the rest of the 99%. Ok, thanks for being somewhat honest there DB.
The bubble benefits more then the 1%.
"Welfare recipients can’t use their EBT cards at liquor stores but they can at marijuana dispensaries in states such as Colorado...'
http://www.washingtontimes.com/news/2014/sep/9/welfare-marijuana-jeff-se...
You pay for the leachfucks to sit home and get stoned.
Only in 'Murica!
hahahahah
student loans over a $trillion
subprime auto loans almost back to prerecession levels
Fair Isaac changing way it scores credit (make it easier)
----------
the can is still getting kicked ... but the can is getting much heavier ...
Toes are smarting.
I'll give them a little room to sell tbonds, but I'll soon be averaging into TLT. These fuckers cannot shake this wild monkey with kung fu grip. That's what tell's me the end is near. I have finally got them cornered.
Idiot. Here's the fucking script. Read it and then memorize it.
"Do it for the children."
Anyone else but me noticed? More and more "articles/op-eds/press releases/published lawsuits on rigging....all the stuff that was not in view. Now is creeping into the greater narrative?
Or am I being paranoid again? WW111? sabres rattling. ISIS into Saudi oil? But yes now we have bankers and wankers talking of collapse.
Fool me once..fool me twice. Everyone who works for a living is now being pre-conditioned for the collapse.
Mainstream Radio here in Dubai (sponsored by Bloomberg) are advertising training for individuals who want to protect themselves for the coming stock market crash.....
Unbelievable
Here in the midwest US, Navy Federal Credit Union is all over the radio talking about the great 5 year ARM loans they can give you for a nice house! LOL Those who do not learn from the past....have an iPhone shoved up their ass?
What other comment would you expect from Douchebag Bank?
We need to keep enriching our buddies/members or they will be like the rest of you small people.
"The bubble probably needs to continue in order to sustain the current global financial system"
Translation: the lie that started before any of us were born, needs to continue, or else, the bankers and related fraudsters will be exposed. Since they control the levers of power, they have no compunction in stirring up war, creating famine, and killing off tens of millions of people to cover their tracks and retain their illegal, fraudulent "Sumerian Swindle" positions.
Deutsche holds a grenade in a room full of people and screams "let us steal everything or everyone dies"
Pull the other one you criminal cunts. You tried this shit in 2008 and its no more true now than it was then. Your end is well and truly nigh if this is what you are pre-emptively reduced to.
This ain't rocket science fellas. Some stiff named Jefferson spit this out many years ago:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
But, but, but, but how will Dimon and Corzine get by if we did this?
This is what they tried : managed bubbles : See http://andreswhy.blogspot.com/2008/10/bubble-management.html
The present mess is what we got .
Why not bet on the Ultimate Bubble?
http://andreswhy.blogspot.com/2008/11/hoag-ratings-and-hoag-futures-mark...
Long quality fishing gear, hunting gear and tools along with PM's.
Tired of the BS.
The bubble probably needs to continue in order to sustain the...necessary future deleveraging. However...with debt levels still moving higher, the chances are that...Inflation...will [be the next card played].
Fixed.
Message to D Bank: you now are just figuring this shit out? Savers, that is people who play by the rules and save money as a result of their productive labor are getting hosed and have been for the better part of 7 years. The theory being ,that if everybody hits the Cntrl-P button, that money on the sidelines has to be put to work because there is no return available. Central bankers are now saying to everybody who makes $1, "spend it or we will confiscate it via 1)taxes, 2)inflating it out of existence, or 3) just take it when we need it [hello NIRP].
www.traderzoo.mobi
Far longer than 7 years my friend. Pump and dump bubbles have wiped out savings for 3 decades. Got neighbours who lost 50% or more of retirement savings in Tech bubble crash. (own fault? likely)...then got bitten again in 2008? (own fault? likely).
Now one has to work (at 73 years old). But they still have greed in their eyes. So again invested with whatever has survived. Ready for the next confiscation. (own fault? likely).
But is it fair? When MSM is brainswashing and brokers are there to continue the lure?
Own fault? Maybe not.
"Own fault? Maybe not."
Maybe not, but they're sure awfully slow learners.
I have been battling with that analogy for a while, i am still sat on the fence with the masses. It comes down to trust and most people have trust in the government and financial institutions.
Saying that, i lose 8,000 Euro on a stock scam, fool me once, shame on you.
Fool me twice, shame on me, havent invested again in stocks and stack physical.
The bubble probably needs to continue in order to sustain the current bubble
fixed it
translation: the global financial system is ready to collapse
bring it on jimbo!!!!!!!!!!!! no one gives a shit!!!!!!!!!!!!!!!!
it's not a bubble. the market died a long time ago. everything is now merely simulated for your entertainment. relax and enjoy the ride (to hell).
Bingo! Welcome to The Matrix...
Exactly, it's not a bubble. It's a robbery.
The beatings will continue until moral (sic) improves.
These people stink of fear....
deutsche bank is full of shit.
if the bubble pops hard, the oligarchs will use the chaos to impose further tyranny. the system won't end, it will get more aggressive. requiring more brutality to perpetuate itself.
systems don't end. they evolve, with news sets of oligarchs taking over from the old.
OR
Change the financial system from one where all new money is craeted from new debt
TO
1) Visit the positive money website for the alternative
2) Implement the chicago plan
http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
Honestly, who doesn't love bubbles?
Those who want to buy something at a reasonable price: land, home, vehicle, college, you-name-it.
The bubble must go on due to the increase in price of natural gas this winter in the EU. Hehehehehe NWO Hehehehehe
Jogging at the beach today I saw a few bubbles. Kept me goin for 8 miles.
"Bubble Must Go On To Sustain The "Current Global Financial System"
Nope, don't think so Bubs.
lol, more debt now to make it easier to pay down debt in the future. Brilliant!
The Fed speaks taper but there isn't really any taper. It's all BS.
Show the taper?
You can't taper a Ponzi scheme.
The federal reserve taper is a "dual taper". They taper visible bond purchases downward at the same time they taper invisible bond purchases upward at twice the rate.
This is designed to make fools believe the economy is self-sustaining, while everyone not in denail and/or clueless sits back and watches mankind spiral down the toilet.
What do you think of this please?
http://patrick.net/forum/?p=1223928
It's buried in Krugmans ass ...
I just keep buying gold stocks. It's the only item that makes any sense to me. Any country can print money and covert to dollars and buy as much gold as they want. Doesn't anybody realize this?
I don't like the current financial system.
good, thats why it has been blown, people need good reliable ground to have a perspective......
we desperately need a war to erase memories. a big one.
Jim Reid and Deutsche Bank: GET THE FUCK OFF OF MY PLANET!! Who in the fuck do these fuckers think they are? This guy's a fucking idiot to come out and say such stupid shit!! Maybe he belongs in this administration.
Deutsche Bank's Jim Reid says BUbb.. !
Anshu Jain- heard asking- Where's the Douche !!!