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What today's JPY-carry-trade-enabling Bank of Japan exuberance means to the 'average joe'...
h/t @PdaCosta
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Amazing how one BOJ move can do so much damage globally
Panicked Dems resort to Big Brother tactics to browbeat their supporters to the polls
http://tinyurl.com/mrnpd66
African carry trade. Coming soon to America! More change from the hope and change guy Obama.
http://thumbs.media.smithsonianmag.com/filer/cb/ac/cbacd405-bc9f-4f4c-85...
Must be photo shopped.
I don't think that Dude needs a tanning bed.
article would be funnier and thruthier if he was carrying a Sony TV
He'll feel much better when he gets his October portfolio statement
Facebook to mine, sell user data on political issues to ABC, clickbait distraction site Buzzfeed
http://wtfrly.com/2014/10/31/facebook-mine-sell-user-data-political-issu...
The headline should read: The "Carry Trade" for the Debt Slave...
Devaluation, inflation, real unemployment, and poverty.
Obozo promises every chump a van to live in down by the river of your choice.
A free van is part of Obamacare.
At least it's all downhill.
Eddy Murphy shows Mortimer his Kung Fu Grip.
What is New Orleans post Katrina?
what is a vasco da gama fan at a slum in rio de janeiro carrying a 1968 brastemp fridge on his back.
or as locals would call, a "bacalhau otario" or a "eterno vice" for those in the know
muey bueno!
Muito bom!
he is going to trash his bullion. Wise man
Dats Rayciss
poor mans carry trade is to steal copper and sell to the scrap yard
Still produces more social value than Wall Street/Hong Kong Fin Dist/The City combined.
Lucky to have an asset to be carrying. If only it was his asset.
When fraud is the status quo, possession is 100% of the law.
Yep, looks like his asset to me.
Hopefully the police don't stop him. That looks like more asset than the common person would carry.
When there's millions of "him" carrying similar assets, the police won't be doing shit.
LoP +100 FSA Rules!
if a working man's movie ever to be made ... dead bankster in that box
looks like he's lugging deflation to the dock ... bound for US
Tacitus
Book VI (beginning)Annals
16 1 Meanwhile, an army of accusers broke loose on the persons who habitually increased their riches by usury, in contravention of a law of the dictator p181Caesar,51 regulating the conditions of lending money and holding property within the boundaries of Italy: a measure dropped long ago, since the public good ranks second to private utility. The curse of usury, it must be owned, is inveterate in Rome, a constant source of sedition and discord; and attempts were accordingly made to repress it even in an older and less corrupt society. First came a provision of the Twelve Tables52 that the rate of interest, previously governed by the fancy of the rich, should not exceed one-twelfth per cent for the month; later53 a tribunician rogation lowered it to one-half of that amount; and at length usufruct was unconditionally banned;54 while a series of plebiscites strove to meet the frauds which were perpetually repressed, only, by extraordinary evasions, to make their appearance once more. In the present instance, however, the praetor Gracchus, to whose jurisdiction the case had fallen, was forced by the numbers implicated to refer it to the senate; and the Fathers in trepidation — for not one member was clear from such a charge — asked an indulgence from the prince. It was granted; and the next eighteen months were assigned as a term of grace within which all accounts were to be adjusted in accordance with the prescriptions of the law.
17 1 The result was a dearth of money: for not only were all debts called in simultaneously; but after so many convictions and sales of forfeited p183estates, the cash which had been realized was locked in the treasury or the imperial exchequer.55 To meet this difficulty, the senate had prescribed that every creditor was to invest two-thirds of his capital, now lying at interest, in landed property in Italy; <the debtor to discharge immediately an equivalent proportion of his liability.> The lenders, however, called in the full amounts, and the borrowers could not in honour refuse to answer the call. Thus, at first there were hurryings to and fro, and appeals for mercy; then a hum of activity in the praetor's court; and the very scheme which had been devised as a remedy — the sale and purchase of estates — began to operate with the contrary effect, since the usurers had withdrawn their capital from circulation in order to buy land. As the glutting of the market was followed by a fall in prices, the men with the heaviest debts experienced the greatest difficulty in selling, and numbers were ejected from their properties. Financial ruin brought down in its train both rank and reputation, till the Caesar came to the rescue by distributing hundred million sesterces among various counting-houses,56 and facilities were provided for borrowing free of interest for three years, if the borrower had given security to the state to double the value in landed property. Credit was thus revived, and by degrees private lenders also began to be found. Nor was the purchase of estates practised in accordance with the terms of the senatorial decree, a vigorous beginning lapsing as usual into a careless end.b
www.gunsgrubandgold.com
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A great description of an earlier real estate bubble brought on by bankers.
Yep, wash, rinse repeat... funny how the common denominator is the banking system...
I visited an old former neighborhood that has fallen onto job-export times, and chatted with some old neighbors. There are still a lot of guys that just ride around in old pickup trucks looking for scrap metal, old air conditioners, etc. Things sounded a lot like Greece to me, where barter, scavenging, and pickiing through scraps is replacing the old economy. And that is here in Amurika!
Bring out yer dead (fridges)! Bring out yer dead (air conditioners)! Bring out yer dead (old cars)!
I see "Black Fridays" every Friday and Saturday morning at the local garage sales. Biggest shopping crowds with the possible exception of the 50% off tag sale at Goodwill on Sundays. The new retail.
NoWayJoseB
correctomundo, I saw the same thing. Some neighbors dropped a transmission to swap out and overnight, some scrappers came by and helped themselves, adios!
Do we get free bananas being a card carrying member of a Banana Republic?
bank bank, japan me down
bank bank, I hit the ground
bank bank, that awful sound
bank bank, my japan shot me down
... lol
Since it is all so stupid now, If I were Abe and Kuroda, I would quietly print $500 trillion yen and buy all the weapons I could from China, Russia and the U.S. Then, I would quietly print 500 quadrillion yen and use it to buy all the publicly traded equities on the planet.
Then, I'd be like, "Hey everyone, we own you. You work for us now." The sun has risen. We're in great shape. Enjoy your yen, which, by the way, we cancelled because we now only trade in gold.
Without oil and gold that Japan lacks the sun goes down pretty quickly.
Why isn't he balancing that thing on his head?
when will the Tylers begin posting on ways to make a still, distill alcohol, and set up an alcohol barter system
Because federal law is nuts. Does that surprise you?
Stills over one gallon capacity are highly illegal. At the federal level, at least, prevailing law encourages home made beer and wine, difficult and inefficient, but penalizes corn whiskey, which is practically a birth right in much of the country.
Explain this, then: http://www.coppermoonshinestills.com/