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Cromnipass: US Government Secures Funding Through September 2015 After Passage Of Spending Bill

Tyler Durden's picture




 

And with just over 2 hours left until the funding deadline, and amid high straght to C-SPAN drama, the Crominus bill hass passed thus funding the government until September 2015.

 

And with that, Wall Street wins again because with the swap pushout rule, a few hundred trillion in derivatives will get taxpayer backing.

 

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Thu, 12/11/2014 - 22:47 | 5542684 salvadordaly
salvadordaly's picture

Sorry mother fuckers!!!!

Thu, 12/11/2014 - 22:52 | 5542707 johngaltfla
johngaltfla's picture

And the Chinese Official in charge of the economy, Wi Fawk U, thanks the American people for continuing to vote as if their Kim Kardashian porno movies depend on it.

You vote for stupid asses.

You get stupid assed results.

Shocking?

Nah.

Thu, 12/11/2014 - 23:08 | 5542769 Xibalba
Xibalba's picture

If it weren't for the Chinese, we'd all be Russians.  God Bless China! 

Thu, 12/11/2014 - 23:24 | 5542822 Stackers
Stackers's picture

Shocker !

Keep your eye on the distraction.

Thu, 12/11/2014 - 23:48 | 5542903 FL_Conservative
FL_Conservative's picture

"Earlier in the day, they banded together and nearly sunk the procedural measure needed to bring the “cromnibus” up for full consideration. Perennially insisting that Republicans need their votes to bolster must-pass pieces of legislation, Democrats thought they could withhold their support until the point where Republicans agreed to scrap those riders.

Progressive Democrats, with Minority Leader Nancy Pelosi, D-Calif., as their champion, were defiant throughout the day, dismissing phone calls from President Barack Obama and prickling at a visit to an emergency caucus meeting by White House Chief of Staff Denis McDonough.

Financial Services ranking member Maxine Waters, D-Calif., confirmed that even Jamie Dimon, the CEO of J.P. Morgan Chase, was calling directly into House Democratic offices asking for their “yes” votes."

http://blogs.rollcall.com/218/house-passes-cromnibus/?dcz=

 

Let there be no doubt.

 


Thu, 12/11/2014 - 23:54 | 5542923 wee-weed up
wee-weed up's picture

Fuck you, Boehner!

Fri, 12/12/2014 - 00:04 | 5542939 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Not my fault, I didn't vote in a sham election. Everyone enjoy bitching for the next two years, I'm gonna sit back and enjoy the show. Maybe someday enough men will grow up and realize force must be met with force, but first they have to pry their lips from fake beer, hands from dirty whores, and eyes from mesmerizing balls.

Fri, 12/12/2014 - 00:36 | 5543043 rehypothecator
rehypothecator's picture

$100 trillion outstanding derivatives backed by 100 million taxpayers is but a mere $1 million per taxpayer.  

Fri, 12/12/2014 - 01:03 | 5543090 Tall Tom
Tall Tom's picture

If they gave me a $2 Million loan at ZERO PERCENT then I can shit a Million for "my share". But I will do that just as long as I can continue to Rollover the Principal and accumulated interest.

 

What?!?  Do you mean that it is wrong to do that? That is, somehow, "unprincipled", you'd say?

 

But your Government does much more than this DAILY...MUCH, MUCH MORE.

 

Yeah. Thank you John Boenher and other Republicans for voting, ONCE AGAIN, TO FUND OBAMACARE.

 

The Day that the US Dollar DIES will be the day of rejoicement.

 

Opt out. Buy Gold. It is a bargain at any price.

Fri, 12/12/2014 - 01:48 | 5543187 A Nanny Moose
A Nanny Moose's picture

Define taxpayer. Thx.

Fri, 12/12/2014 - 02:28 | 5543244 flacon
flacon's picture

A tax payer is someone who has a private sector job. BuaaahhahhahahahhahahaahahaAAA! LOL! He said "PRIVATE SECTOR JOB!" hahahhahahaha! Oh that's funny. And to think that they still use the term "TAX-PAY-ER" LOL! Oh lordy that is funny. 

 

Fri, 12/12/2014 - 03:39 | 5543300 Colonel Klink
Fri, 12/12/2014 - 04:47 | 5543335 Escrava Isaura
Escrava Isaura's picture

 

 

Are you kidding us?

 

a) Did you ever think it wouldn’t pass? Have you forgotten the last time, already?

 

b) And passed by the slightest margin link that you supplied? Will you ever learn?

 

Fri, 12/12/2014 - 01:18 | 5543126 Renewable Life
Renewable Life's picture

.......and with that little vote, the house Rino Neocon fucks render the Great GOP landslide election fucking worthless and a joke!

That's it Tea Party cats who think their only path to victory is in bed with these traitor motherfuckers, I hope u enjoyed your month of glory!!

Unreal!

Fri, 12/12/2014 - 01:49 | 5543190 A Nanny Moose
A Nanny Moose's picture

You still had hope after the fucking election? Really?

You understand Joey Stalin's estimation of voting, right?

Thu, 12/11/2014 - 23:10 | 5542773 newworldorder
newworldorder's picture

Jeb or Hillary in 2016. Is there any doubt as to who is in charge of the Country? Hint - Its not those sitting in the great orifice of the people in DC.

 

Thu, 12/11/2014 - 23:30 | 5542844 rayduh4life
rayduh4life's picture

"Give me control of a Nations' currency and I care not who makes it's Laws.

Yep!

Thu, 12/11/2014 - 23:10 | 5542777 New Kid
New Kid's picture

They are NOT stupid. They know exactly what they are doing. They are evil.

 

This could well be the last nail in the coffin of the American Economy.

Thu, 12/11/2014 - 23:37 | 5542875 ebworthen
ebworthen's picture

Yup.  Fucking crony bus bill full of jizz for Washington and Wall Street while selling us "folks" further down the river.

Storm the Bastille!  Roll the Guillotines!  Ready the hanging trees!

Fri, 12/12/2014 - 00:12 | 5542982 boattrash
boattrash's picture

Eb, I'll build the Guillotines. Should I sharpen the blades, or would it be much more fun to drop a dull one on 'em 2 or 3 times?

Fri, 12/12/2014 - 00:20 | 5542999 ebworthen
ebworthen's picture

We'll get the blades from the papercutters on Capitol Hill; outrageously dull from trimming reams of 1,600 page legislation.

Salt and lemon juice on the necks and blades to ensure "sterility".

Fri, 12/12/2014 - 00:25 | 5543011 boattrash
boattrash's picture

I Like It! Will also need plenty of baseball bats for the pinata' games on those that go to the gallows.

Fri, 12/12/2014 - 01:06 | 5543089 Trucker Glock
Trucker Glock's picture

 

 

Dear American Citizens,

Suck it!

Sincerely, 

.gov

From our beloved Constitution:

"The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; ...

To borrow money on the credit of the United States;"

 

Fri, 12/12/2014 - 05:07 | 5543358 Incubus
Incubus's picture

you're still stuck in the "dipshit" paradigm since you believe voting does, or means anything to the corporation of the United States.

 

 

Thu, 12/11/2014 - 22:54 | 5542710 Lost My Shorts
Lost My Shorts's picture

Cromnibus is such a great label.  Sounds just like Crony Bus.

Which cronies got on the bus?  Probably the list is long.  Our con-gress rarely passes anything, and when they do, it's always a Crony Bus.

Fri, 12/12/2014 - 01:02 | 5543092 Buckaroo Banzai
Buckaroo Banzai's picture

Or, Criminal Omnibus.

Fri, 12/12/2014 - 06:44 | 5543429 StandardDeviant
StandardDeviant's picture

Oh.  I thought it came from Conan the Barbarian.

Thu, 12/11/2014 - 23:03 | 5542746 BaghdadBob
BaghdadBob's picture

But, but, but....? Where's the money coming from? Oh, yeah, silly me...flex that button finger. Time to print moar....

Thu, 12/11/2014 - 23:32 | 5542849 Jumbotron
Jumbotron's picture

What did you expect?

 

The spice must flow !

 

Thu, 12/11/2014 - 23:34 | 5542860 fatlibertarian
fatlibertarian's picture

Spice is more tangible

Thu, 12/11/2014 - 23:49 | 5542904 Jumbotron
Jumbotron's picture

To make it worse Jim Moran Democat from Virginia was coaxing Democrat votes by telling fellow Democrats that the Republicans were giving them over 90 % of what they wanted anyway.

 

That's the GOP that's taking over next year.  Say hello to Jeb Bush or Hillary Clinton.....because at this point .........

 

"What does it matter" ???!!!

 

 

Fri, 12/12/2014 - 00:42 | 5543056 noben
noben's picture

I blame the "tax & spend Democrats" for the vote results. Oh wait...

Fri, 12/12/2014 - 08:49 | 5543620 Farqued Up
Farqued Up's picture

They are far lower than that, please stop giving them praise.

Thu, 12/11/2014 - 22:48 | 5542686 buzzsaw99
buzzsaw99's picture

disgusting

Thu, 12/11/2014 - 22:52 | 5542688 Id fight Gandhi
Id fight Gandhi's picture

Crooks

Cronybus indeed

Thu, 12/11/2014 - 22:50 | 5542690 SheepDog-One
SheepDog-One's picture

Ooooooo....so dramatic and whatnot.
Carry on, serfs.

Thu, 12/11/2014 - 22:52 | 5542698 tarsubil
tarsubil's picture

It is all theatre.

Thu, 12/11/2014 - 22:52 | 5542702 Escapegoat
Escapegoat's picture

I'm carrying on but it's getting REALLY FUCKING HEAVY!

Thu, 12/11/2014 - 22:50 | 5542691 in4mayshun
in4mayshun's picture

Eh, a trillion here a trillion there....nothin to see here, move along.

Thu, 12/11/2014 - 23:29 | 5542845 AuEagleNest
AuEagleNest's picture

Eh, a HUNDRED trillion here a HUNDRED trillion there....nothin to see here, move along.

 

fixed it for ya

Thu, 12/11/2014 - 22:52 | 5542692 Theta_Burn
Theta_Burn's picture

A few 100 trillion in derivative potential taxpayer backstop..

AIG's AND the subprime problems don't even come close to the interest payments on this..

Thu, 12/11/2014 - 22:55 | 5542717 cro_maat
cro_maat's picture

So they got an AIG bailout round 2 before they crashed the system this time. And we all thought there would be no more bailouts! My guess is they will take the bailout on the derivatives thanks to this bill and double dip with later bail ins.

Lamp posts and guillotines!!!!

Thu, 12/11/2014 - 23:56 | 5542924 BringOnTheAsteroid
BringOnTheAsteroid's picture

What's the point of putting the US taxpayer on the hook for derivatives losses. Where is the money going to come from ?????????????

The US is already broke.

These dumb bastards have no answer. They will break the country when the derivatives blow up. If a psycopath loses, believe me, they will take avryone with them.

Christ, how Dimon and Blankfein can survive is beyond me.

Fri, 12/12/2014 - 00:16 | 5542992 boattrash
boattrash's picture

"Christ, how Dimon and Blankfein can survive is beyond me."

I've never seen the cocksuckers in my neck of the woods...

Fri, 12/12/2014 - 04:51 | 5543340 Escrava Isaura
Escrava Isaura's picture

 

 

Because there are two America.

And you don’t speak in their language; even that you both speak the same language.

 

Christine Leong: Language gives us identity, personality, social status, and it also creates communities, defining both insiders and outsiders. 

 

Fri, 12/12/2014 - 01:05 | 5543096 TheReplacement
TheReplacement's picture

Just how will this potential $300T come to be and just who on this planet is going to accept it for anything but fuel?

Fri, 12/12/2014 - 01:04 | 5543097 TheReplacement
TheReplacement's picture

^ What he said.

Thu, 12/11/2014 - 22:50 | 5542693 tc399
tc399's picture

Passing a budget that almost guarantees the economy will tank (regardless where the derivatives are held- they can't be paid) seems to me an intentional plan to turn the US into a Ukraine-like non-state.  

Fri, 12/12/2014 - 02:30 | 5543246 James-Morrison
James-Morrison's picture

Lame duck President.

Lame ass Congress.

Ball-less populace.

Anyone see the pattern here?

Thu, 12/11/2014 - 22:51 | 5542695 Dr. Engali
Dr. Engali's picture

Whew..... That was close. I was on edge all night hoping .gov would stay open for bidness. I don't know what we would do without them.

Fri, 12/12/2014 - 00:59 | 5543074 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

They always manage to fund themselves... imagine that. Like they're gonna spend Christmas break discussing strategy when they can instead enjoy themselves while they spend your money.

Thu, 12/11/2014 - 22:51 | 5542700 kowalli
kowalli's picture

total derivatives - holy fuck 300,000,000 millions....

Thu, 12/11/2014 - 23:00 | 5542736 ChanceIs
ChanceIs's picture

I thought we had crossed the quadrillion mark on derivatives.  It doesn't matter.  What is Citi levered, about 1,000:1.  May as well go for 100,000:1.  As long as you are the first one out the door.  What did Chuck Prince say...you gotta dance till the music stops.

Fri, 12/12/2014 - 00:29 | 5543025 upWising
upWising's picture

Molly Ivins, bless her Irreverent Soul, said it all about the bought-and-sold fæces we call "Our Elected Representatives"

"You got to dance with them what brung you."

Thu, 12/11/2014 - 22:52 | 5542705 Yen Cross
Yen Cross's picture

 That's the conservative strategy.  Sit on a bar stool and spin<>

 Hey! Can you cut my head off and outlaw Christmas while you're at it?

  Just because you have an upcoming majority, doesn't mean you {lie like rugs} Bitchez!

 These fucking career politicians need to GO! Hang those Bitchez!

Thu, 12/11/2014 - 22:54 | 5542714 Seasmoke
Seasmoke's picture

Present.

Thu, 12/11/2014 - 22:56 | 5542715 Al Huxley
Al Huxley's picture

...and the crowd goes wild, futures soar as crisis is averted, commodities collapse in sympathy, so the hoipolloi can participate via lower gas prices!  This was one of the most exciting episodes yet - comes out of nowhere, leaves you on the edge of your seat 'til the last minute, then (luckily!!) a happy ending for all. 

 

I liked this episode way better than either of the 'Malaysian Airlines' episodes, the 'Ferguson Riot' episode, the 'New York Choking Grand Jury' episode and in many ways I think it was even better than the 'War on ISIS/ISIL' mini series.

Thu, 12/11/2014 - 23:03 | 5542742 Yen Cross
Yen Cross's picture

 Al, I deeply respect your inputs. Commodities aren't crashing.

 I suspect the backwardation/puts are catching up with the "physical" margin calls.

    I wonder how much metal is energy hedged?

Thu, 12/11/2014 - 23:33 | 5542857 Al Huxley
Al Huxley's picture

I took a little license with reality for creative impact.

Thu, 12/11/2014 - 23:52 | 5542913 Yen Cross
Yen Cross's picture

    At least you had the " where with all". 

     The Shit Storm is coming.

 

Fri, 12/12/2014 - 02:16 | 5543231 HardlyZero
HardlyZero's picture

Finance in last 6 years has funded all mining, so Gold mines should also dry up along with Oil.

Silver is only 10% mined specifically, and remaining 90% comes with other metals.

Summary: PM supply will drop while PM demand rises, as risk becomes risky.

Price of Gold might shoot up 10x or 100x...depending on how much demand rises.

Thu, 12/11/2014 - 22:55 | 5542718 Id fight Gandhi
Id fight Gandhi's picture

I mentioned in the other thread about the pensions. They added a last minute, unable for anyone to read it, changes. What exactly are they slipping by here?

Thu, 12/11/2014 - 23:36 | 5542865 disabledvet
disabledvet's picture

If the sausage tastes good don't ask how it got made.

There will be a lot of things coming out of this "bill" that won't just look bad.  They will be bad.   Nothing says "bad government" more than "omnibus." This isn't the first time and won't be the last.  Surprised it was close.  Congressman Hoyer said it best when he thanked Congressman Dingel who was retiring after 60 years of service from the great State of Michigan.  Sometimes that Government check is all that an entire City might have.

The principled objections are duly noted.  Should be interesting to see what happens in the Senate...but this is the President's Bill.   It would be odd indeed if the Democrats were the ones who shut down their own Government.  Exactly what is the protest about again?  

Very interesting "close of business.". First the torture thing, now this, next up Risen and whistleblowing.  " lot of black in that gray."

Thu, 12/11/2014 - 22:57 | 5542723 ChanceIs
ChanceIs's picture

Boehner shows his total cowardly streak.  Knuckling to Obama on excutive amnesty and the destruction of American culture.  Knucklin to Obama/Gruber on ObamaCare.  What was that?  You are counting on Chief Justice Roberts to pull your chestnuts out of the fire on voiding ObamaCare!?!?!?!

Obama is to Boehner: as: Putin is to Obama

Memo to Speaker Boehner:

Remember what happened to Eric Cantor.

Thu, 12/11/2014 - 23:01 | 5542741 Typing Typer
Typing Typer's picture

Obama is to Boehner: as: Putin is to Obama

+1

Thu, 12/11/2014 - 23:19 | 5542810 newworldorder
newworldorder's picture

He knuckled to the Banking class.  

They get to suck on the government teet, and Corporate American gets to eliminate any semblence of labor competition in the US. If you think of it - The US is the best governing system that money can buy. You get an accomodative FED based government protected by a great military, as well as millions of docile laborers as a bonus.

Thu, 12/11/2014 - 23:34 | 5542863 Muppet
Muppet's picture

"Boehner is a pussy, Sir."    Think Sam Elliott to Mel Gibson in "We were soliders" 

 

I love the nickname  I saw for Boehner on ZH:  Weeping Cheetos 

Fri, 12/12/2014 - 01:10 | 5543107 TheReplacement
TheReplacement's picture

That's The Weeping Cheeto to you sir.  A take off of The Ohio State where he is from.

Fri, 12/12/2014 - 00:12 | 5542941 Everybodys All ...
Everybodys All American's picture

Boehner needs to be gotten rid of in the worst way. I can't fathom how anyone sees any future for the Republican party in this cowards hands. He will go down in history as one of the worst House Republican leaders ever. He is nearly as much responsible for our government huge deficits as Obama. How sick is he to think he sees himself as a conservative. In the end he is a useless pos just like the rest.

Fri, 12/12/2014 - 01:11 | 5543109 TheReplacement
TheReplacement's picture

LOL, Boehner.  What about the other 160 Red players who voted for this suicide pact?

Fri, 12/12/2014 - 07:05 | 5543448 Not Goldman Sachs
Not Goldman Sachs's picture

Xactly...just the polyp of the underlying cancer.

Fri, 12/12/2014 - 07:12 | 5543449 Not Goldman Sachs
Not Goldman Sachs's picture

F ing DUP. This reply system is very laggy with a tablet....and I am impatient, especially after being exposed to .gov

Thu, 12/11/2014 - 22:58 | 5542727 holdbuysell
holdbuysell's picture

Damn!

Thu, 12/11/2014 - 22:58 | 5542729 Angry White Dude
Angry White Dude's picture

At this point I am rooting for TPTB to be as balls out reckless and craven as possible because it will just hasten the collapse. Go full retard. Full Caligula. Bring it.

Thu, 12/11/2014 - 23:02 | 5542738 cro_maat
cro_maat's picture

You mean these last few episodes weren't full Caligula?!

Shit bring it then. I got popcorn and ammo.

Thu, 12/11/2014 - 23:18 | 5542802 Jethro
Jethro's picture

Caligula didn't have access to the levels of depravity the Obama regime has.  I'm just waiting for Obama to show up to a G-20 meeting in a furry costume.  It's not like he'd lose any more credibility at this point. 

Fri, 12/12/2014 - 00:36 | 5543042 upWising
upWising's picture

The depravity is NOT restricted to "the Obama régime!"  The rot and depravity is from hull to mast, stem to stern.  To even suggest that somehow the Republicans are less "depraved" than the Democrats, or vice versa, is to leap headlong into the septic tank along with all of them. 

"With the Republicans and the Democrats it is like Tweedle Dee and Tweedle Dumb.  There's not a dime's worth of difference between the two!"

    ––George C Wallace, erstwhile Presidential Candidate as well as Governor and First Gentlement of the Great State of Alabama.  1968.

 

Fri, 12/12/2014 - 05:05 | 5543356 Parrotile
Parrotile's picture

Careful what you wish for.

"Dear Leader", and "Mrs Dear Leader" are very keen on "Wildlife Protection", so it is not beyond the wildest possibilities that they might turn up at an International Official event dressed as appropriate "furries" - and we might have an appropriately - clad entourage to "get the Important Message Across".

At $3000 a pop (you can bet the First Families kit will be more like $30,000), remember who'll be picking up the tab . . . . . .

Thu, 12/11/2014 - 22:58 | 5542734 A Lunatic
A Lunatic's picture

1700 pages of BULLSHIT.....!

Thu, 12/11/2014 - 23:43 | 5542894 SpanishInquisition
SpanishInquisition's picture

They had to pass this bill so we can find out what's in it...and it will be even worse than we thought. It's nearly the length of Obamacare and it just got suddenly dropped on us.

Thu, 12/11/2014 - 22:59 | 5542737 vincent
vincent's picture

Next up...

Raising the debt ceiling

Thu, 12/11/2014 - 23:02 | 5542739 Hulk
Hulk's picture

Sept 2015 I see. Wonder if the system will still be standing by then ???

Thu, 12/11/2014 - 23:06 | 5542755 Yen Cross
Yen Cross's picture

 The Repukes just lost '16.  Effin spineless clowns.

Fri, 12/12/2014 - 01:41 | 5543178 Otrader
Otrader's picture

"Conservatives" my ass.   I almost feel like people fckin deserve this POS bill.   Stay in your slumber and continue to get raped!  On the way to work tomorrow, it will be same ol shit. Shock jocks, entertainment and sports news and what's for lunch?  No one even knows what just happened today.  Fckin unbelievable!

Thu, 12/11/2014 - 23:05 | 5542758 countryboy42
countryboy42's picture

Thanks you fuckers. Bring back dueling on the floor. Let random citizens challenge these bastards. I would be happy to supply the proper dueling pistols to any interested party.

Thu, 12/11/2014 - 23:22 | 5542817 Seek_Truth
Seek_Truth's picture

And televise it.

It would be the number one TV show.

An enterprising individual could start a non-profit where we pay for time at the shooting range to groom terminal patients to be the duelers.

I imagine a long line of grandmas and grandpas who have little time left on the clock, queued up waiting for their shot at Boehner, Pelosi, etc.

The odds would be on their side, and they'd go out as heroes.

One can dream.

 

Thu, 12/11/2014 - 23:15 | 5542759 cowdiddly
cowdiddly's picture

650 trillion with a tee. Just got dumped in the countries lap and the bankers are laughing their ass off tonight and popping the bubbly corks. Going to go Bankers Gone Wild even worse than before as whats left of your country that was not robbed in round one is going to be stolen in round 2. Their is no risk or responsibility for losses and 2 years wasted crafting a watered down Dodd Fwank is now nothing more than wasted time.

Still believe voting makes a diff? and remember the first to things the Repubs said they were going to do? get rid of Obama care are approve the Keystone. Well they shot the Keystone down. Obama Care is still here and now they Just give the renmant carcass of what is left of this nation to the bankster wolves to strip bone bare.

Oh yea  and they did not forget to line their own pocket either  a 10X increase inthe  back door Buy a Politician Program from 32500 campaign donation to 325000

Disgusting the lot off them. Every last one.

Thu, 12/11/2014 - 23:15 | 5542793 New Kid
New Kid's picture

We are getting to the point where there is nothing left to steal..we're running on fumes.

Fri, 12/12/2014 - 00:00 | 5542829 cowdiddly
cowdiddly's picture

650T derivative bets (they are called derivatives because they are only derived from an actual asset but in reality have no underlying asset whatsoever backing them like say a mortgage back security. just pure levered 100x balls to the Wall JUNK> Invented by the Wicked Witch Blythe Masters  who can now thank herself for destroying a once great nation. YOU OWN EM BABY. And with a supposed 17trillion economy thats 18T in the hole good LUCK.

Now would be a really good time to start getting any money out of the bank and out of the country if possible, So thats why they passed that bail-in law days ago at the g20.

Yes, between the G20 meeting, THis and that funkiny new  gold futures stuff just this week,something tectonic Huge is coming this way behind the scenes fast.  PutinBank Perhaps? or a Putin's oil for gold program? I dont know but some trainwreck is near, I feel it in my bones. And when Paul Roberts, Bill Gross And David Stockman, 3 connected men who have spent their lives at/ in the bowels of this beast are all warning you somethings up, it time to make hay.

Would the last man standing turn off the light?

Fri, 12/12/2014 - 02:44 | 5543257 TeethVillage88s
TeethVillage88s's picture

Gold $1222, Silver $17.05

Kind of sucks, but only if U R a buyer.

Thu, 12/11/2014 - 23:25 | 5542825 toady
toady's picture

That 650T is the shit!

I'll bet there isn't a peep about it in the MSM. Maybe some stuff about some "minor" taxpayer backing that might help investors on CNBS.

The sheeple can't process the concept of trillions anyway.

Fri, 12/12/2014 - 00:10 | 5542963 Everybodys All ...
Everybodys All American's picture

Dodd Frank was always a piece of shit. If Dodd Frank had any sensibility to it the entire derivatives market for banks would have been shut down entirely. In the end it wasn't even close to being regulated. And now imo this law/bill isn't worth the paper it's written on. Heres' why.

None of these derivatives are going to be covered by the tax payer if and when this blows up because the whole derivatives market is so large it could never be paid off anyway. Meanwhile the "stock market" charade continues.

Fri, 12/12/2014 - 16:34 | 5543250 TeethVillage88s
TeethVillage88s's picture

oops deleted.

Thu, 12/11/2014 - 23:08 | 5542764 forwardho
forwardho's picture

There is a misspelling.

S/Be Crime-inUS.

No/sarc

Fri, 12/12/2014 - 00:42 | 5542776 Mr. Lucky
Mr. Lucky's picture

Another chapter in the Rise and Fall of the United States of America.

Thu, 12/11/2014 - 23:12 | 5542784 Yen Cross
Yen Cross's picture

  When you placate strength on someone else losing a battle, you've lost faith in your own self.

  You're indirectly giving control of your own personal values to another individual/entity, and expecting a positive outcome!

 A bunch of pussies run the Repuke Party!

Fri, 12/12/2014 - 00:07 | 5542968 Everybodys All ...
Everybodys All American's picture

The party is lead by the very worst of Rhinos and they need to be cut out like the cancer they are.

Thu, 12/11/2014 - 23:14 | 5542786 Bay of Pigs
Bay of Pigs's picture

What a useless bunch of buffoons, idiots and cowards.

The GOP folds in just over a month after the elections? Pathetic...

Thu, 12/11/2014 - 23:14 | 5542791 goldstandard
goldstandard's picture

Fuck the bastards. Time to close the bank accounts and head across the street to the Credit Union.

Thu, 12/11/2014 - 23:16 | 5542799 kowalli
kowalli's picture

s&p to 20k tomorrow!

 

Thu, 12/11/2014 - 23:23 | 5542819 Otrader
Otrader's picture

Anyone who comes on ZH and raises the red/blue flag is a fckin moron!  Anyone still think they stand for the American people??? These whores bow down to the banking elite!!!  Worthless POS!!

Fri, 12/12/2014 - 02:28 | 5543245 Yen Cross
Yen Cross's picture

 Lets me guess? NBA Draftee?  Dip shit/ kudoes fo Z/H. Listen up ~ stay sharp. You might be the next M.J.

Thu, 12/11/2014 - 23:23 | 5542820 Unstable Condition
Unstable Condition's picture

What's really sad is there are sheeple genuinely surprised by this.

Thu, 12/11/2014 - 23:27 | 5542831 suteibu
suteibu's picture

Maybe this will finally piss them off. 

Sat, 12/13/2014 - 11:16 | 5547973 Kprime
Kprime's picture

not happening, 98% have no idea what happened or what it means.  Walmart is still open and the EBT still works.

Fri, 12/12/2014 - 00:39 | 5543049 upWising
upWising's picture

Are sheep even capable of being surprised, or do they just baaaaaa?

Thu, 12/11/2014 - 23:27 | 5542833 fatlibertarian
fatlibertarian's picture

I prefer to refer to them as worthless motherfuckers.

Thu, 12/11/2014 - 23:36 | 5542868 homebody
homebody's picture

The taxpayer takes it in the ass again. Bread and circus will ensure compliance until wwIII, default, or civil war. God bless us everyone.

Thu, 12/11/2014 - 23:49 | 5542906 AuEagleNest
AuEagleNest's picture

The whole thing is just silly & none of these guys have a fucking clue. Nobody can cover a $300 Trillion bet. The only way any of this gets fixed is with a full reset so go ahead and bring it. Can't wait to see what happes when they queue up for another trillion-dollar bail out.

They're running on unbridled greed and are no longer satisfied with just shearing the sheep; they want to gut it and skin it.

Thu, 12/11/2014 - 23:54 | 5542920 Paracelsus
Paracelsus's picture

 That rumbling sound from Arlington is a thousand fine men spinning in their graves.

Next time I go to Vegas,no risk,right? I get to win every spin?

Thank god we have a great country worth fighting for,and dying for.... (sarc)

One of the issues which set off the Protestant revolution in Germany (1450?) was the new policy of peasants having to keep paying for their dead relatives in purgatory.

This reminds me of the current state of the world economic madness.

When will they admit they totally fucked it up

Thu, 12/11/2014 - 23:53 | 5542921 Fuku Ben
Fuku Ben's picture

You know the organized criminals slipped something else into whatever they signed at the last second that stole something else away from you

We know they don't let you read it until after they pass it. Did anyone read it yet?

Fri, 12/12/2014 - 00:26 | 5543012 homebody
homebody's picture

Just another 100 pages - how much pork could that be - buying votes on the bill maybe????

Fri, 12/12/2014 - 00:28 | 5543021 Dre4dwolf
Dre4dwolf's picture

Why do you think they call it a bill?

Because they force you to foot it.

Fri, 12/12/2014 - 00:31 | 5543027 ironmace
ironmace's picture

they were all in the same room

I think we missed an opportunity

Fri, 12/12/2014 - 00:35 | 5543034 homebody
homebody's picture

Does Amazon sell bombs to go with the small drones I ordered.  Could be useful.

Fri, 12/12/2014 - 07:34 | 5543483 Not Goldman Sachs
Not Goldman Sachs's picture

That is exactly what it will take...X10 to be sure to get em all. Hard to exterminate rats as their lairs are multibranching.

Fri, 12/12/2014 - 01:12 | 5543111 yogibear
yogibear's picture

Next step is for Citi, J P Morgan and  Goldman to dump their bad bets on the taxpayer.

Amazing that Boehner was re-elected. 

All the bad bills are passed in December while people are preoccupied.

They exactly what they were doing.

All planned.

 

Fri, 12/12/2014 - 01:18 | 5543121 yogibear
yogibear's picture

Like Greece where the banksters come down hard on the people with austerity.

It's like Obama's man Gruber said, the people are stupid.

 

 

 

Fri, 12/12/2014 - 01:50 | 5543191 TeethVillage88s
TeethVillage88s's picture

repost: Looks like Omnibill may have passed or whatever... but why not much ZH coverage of the riders? Bail-ins, Dodd-Frank repeal, NSA powers for police state... WTF?

15 minutes till shut down.

This tension should be more like Ferguson. Status Quo is corruption. Congress is bought & paid for. Money does this.

Journalists should Revolt for their souls or the soul equivalent. /s

- The Idea of America is dead, killed by congressional spin... goes back at least to 1963 or 1945 National Security Act.

Freedom, Liberty, Equality, and Justice for all. Not foreign or European wars. We were formed not as a Military republic. We hold that all nations can be sovereign and chose their own government... free from US covert action to overthrow the government and suppress the workers or unions.

These things we hold to be self evident.

---

dubbed “CROmnibus” as it is a combined continuing resolution (CR)[1] and Omnibus spending bill

So again US Congress gives up the US Constitutional Powers
- Budget Powers
- Legislative Powers to Lobbyists & President
- War Powers to Lobbyists & President

An omnibus bill is a proposed law that covers a number of diverse or unrelated topics. Omnibus is derived from Latin and means "for everything".

The "Great Deception!!"

- MSM reports today it is $1 Trillion Dollars
- But actually closer to $3.5 Trillion since:
- MIC = $900 Billion
- MEDICARE/MEDICAID = $1 Trillion
- Social Security = $1 Trillion

And oh don't let's look at the Corruption, racketeering, Organized Crime represented in the Continuing Resolution & Onmibus Bills... Enabling US Corporate Monopolies, the Monopoly Banking System... and Corruption of Politics through Money.

---

- Foreign Policy
- Military Global Footprint, US MIC Perception by the greater world, Policy on Dirty Wars
- Domestic Policy & Domestic Spying
- Federal Budget is a nightmare...exponential growth wo a budget or congressional signatures
- Jobs, Compensation, Economy, cost of Tech Schools & College, Cost of Health Care
- Monopoly control over credit & money creation
- Loss of state of Justice
- Prevalence of Fraud, Waste, Abuse, no prosecutions, Socializing the risk & losses of key industries

Deal with Reality... is very broad, eh?

---

Well we recruited all the Nazis after WWII even before the CIA was signed into Legislation. Operation Paper Clip & the Ratlines. Russia must have had their program too. Also we recruited Nazis to command and form a secret Army in Germany & East Germany under Operation Gladio type programs all Documented by Daniele Ganser in Switzerland. And we also negotiated with the Japanese to take over their Chemical and Biological Warfare programs in China.

https://en.wikipedia.org/wiki/Daniele_Ganser

- Finance
- Science
- Rockets
- Weapons
- Organizational Management Techniques

https://en.wikipedia.org/wiki/Unit_731
https://en.wikipedia.org/wiki/Operation_Paperclip
https://en.wikipedia.org/wiki/Ratlines_(World_War_II_aftermath)
https://en.wikipedia.org/wiki/ODESSA
https://en.wikipedia.org/wiki/Operation_Gladio
https://www.youtube.com/watch?v=GGHXjO8wHsA (BBC Time Watch Operation Gladio Full 3 hour Program in English with subtitles for Interviews conducted in Foreign Languages)

Fri, 12/12/2014 - 01:50 | 5543192 Otrader
Otrader's picture

With $300,000,000,000,000 in derivatives, let's look back at the following quote:

 

"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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

-Thomas Jefferson

 

IT'S COMING!!!

Fri, 12/12/2014 - 02:08 | 5543224 TeethVillage88s
TeethVillage88s's picture

Was he a Prophet? It is an amazing quote without checking for the validity.

This may be the Number One Story and Issue in the USA Today (not the newspaper).

Sure Finance has changed in the USA and Europe... so what? Complexity brings risk, corruption, the opportunity for follow-on corruption... follow-on risk... and Racketeering. Today we know all too well that Politicians and Government Officials accept gifts under a sophisticated scheme of corruptions... and it includes the Environment & FDA & Agriculture & Justices in our Court System.

Money has achieved total Take Over.

It is a Big Story... backed up by the DOJ & FBI actions after 2008 Crash and the US Congress Actions to soft-pedal any investigation.

Fri, 12/12/2014 - 04:41 | 5543332 trader1
trader1's picture

"May it [the French Revolution] be to the world, what I believe it will be, (to some parts sooner, to others later, but finally to all), the signal of arousing men to burst the chains under which monkish ignorance and superstition had persuaded them to bind themselves, and to assume the blessings and security of self-government."

-Thomas Jefferson

Fri, 12/12/2014 - 02:01 | 5543213 HardlyZero
HardlyZero's picture

If things collapse between now an next year this might be the last big budget.

If 93% of all job gains for last 6 years were fraking related, and WTI goes to $50 bbl, then there may be a 50% tax hit.

Interest rates will start rising soon as risk becomes risky.

Fri, 12/12/2014 - 02:03 | 5543217 TeethVillage88s
TeethVillage88s's picture

There are only like 1 Million employed in all Drilling in the USA... so add in Storage, Warehouse, Transportation, Pipeline.... No way Fraking is significant Employment at all.

Fri, 12/12/2014 - 02:07 | 5543223 HardlyZero
HardlyZero's picture

Fracking finance since 2008 says it all.  Huge build-out of communities.

I have friends in ND that say same house sells every year for 50% higher prices, every year for last 5 years.

Not just today's profits, but all the finance to build-out this fracking epansion.

See the chart which summarizes the concept neatly.

Jobs: Shale States vs Non-Shale States

http://www.zerohedge.com/news/2014-12-03/jobs-shale-states-vs-non-shale-...

 

 

Fri, 12/12/2014 - 02:26 | 5543234 TeethVillage88s
TeethVillage88s's picture

Sorry, I could have worded better. I knew that Fraking and all the other jobs could not rise so far above like 1.4 Million for USA... and that is Generous.

Tylers cut off the years before 2008:

Manufacturing:
http://research.stlouisfed.org/fred2/series/MANEMP (12 Million down from 19.5 Million) All Employees: Manufacturing

Construction:
http://research.stlouisfed.org/fred2/series/USCONS (6 million down from 7.7 Million) All Employees: Construction

Goods producing Industries:
http://research.stlouisfed.org/fred2/series/USGOOD (19 Million down from 25 Million) All Employees: Goods-Producing Industries

Mining, Drilling, Logging
http://research.stlouisfed.org/fred2/series/USMINE (Peak was 1981, now .9 Million down from 1.3 Million) All Employees: Mining and logging
----

ll Employees: Mining and Logging: Oil and Gas Extraction
2014-10: 215.6 Thousands of Persons (+ see more)
Monthly, Seasonally Adjusted, CES1021100001, Updated: 2014-11-07

All Employees: Transportation and Warehousing: Pipeline Transportation
2014-10: 45.6 Thousands of Persons
Monthly, Seasonally Adjusted, CES4348600001, Updated: 2014-11-07

All Employees: Transportation and Warehousing: Truck Transportation
2014-10: 1,419.5 Thousands of Persons (+ see more)
Monthly, Seasonally Adjusted, CES4348400001, Updated: 2014-11-07

All Employees: Transportation and Warehousing: Warehousing and Storage
2014-10: 744.5 Thousands of Persons
Monthly, Seasonally Adjusted, CES4349300001, Updated: 2014-11-07
http://research.stlouisfed.org/fred2/series/CES4349300001

All Employees: Nondurable Goods: Chemicals
2014-10: 808.1 Thousands of Persons (+ see more)
Monthly, Seasonally Adjusted, CES3232500001, Updated: 2014-11-07

Where as compared to Finance, there are still almost 6 Million Jobs

All Employees: Financial Activities: Finance and Insurance
2014-10: 5,927.9 Thousands of Persons (down from 6.2 million)
Monthly, Seasonally Adjusted, CES5552000001, Updated: 2014-11-07

Fri, 12/12/2014 - 02:10 | 5543226 q99x2
q99x2's picture

They forgot to budget for the onset of the ark storm that is hitting SoCal right now. Maunder minimum continues its advance.as does WWIII. Banksters going to be out in front of the 7/11 within 2 years. Don't feed the animals that's what I'll tell people.

Fri, 12/12/2014 - 02:24 | 5543242 TeethVillage88s
TeethVillage88s's picture

7/11 wot? Not sure the meaning here.

Fri, 12/12/2014 - 02:41 | 5543254 Serenity Now
Serenity Now's picture

The 7-Eleven is a gas station / convenience store all over the US.

Fri, 12/12/2014 - 08:01 | 5543529 pudge94
Fri, 12/12/2014 - 02:50 | 5543263 Serenity Now
Serenity Now's picture

Uhhh, what happened to all the credit default swaps that were supposed to be insurance for these derivatives?

Anyone?

Anyone?

We are so screwed.

 

And some of you need to be reminded that the new Republican-led government hasn't been seated yet.  This is the same lame-ass Republican House and Democrat Senate that we've been dealing with.  I'm not saying the new Congress will be better, but the election results have not kicked in yet, so don't go blaming people who aren't even there yet.

Fri, 12/12/2014 - 07:49 | 5543511 Not Goldman Sachs
Not Goldman Sachs's picture

Here, smoke some moar hopium...

Fri, 12/12/2014 - 02:53 | 5543267 TeethVillage88s
TeethVillage88s's picture

So Ho's should look to sleep with the top 4 Bank executives... I'm sure the Ho's might be totally up on this... perhaps they only need bankers to realize their power, and spend the money.

Is this a Whore Sponsored Article?

Is there a Whore PAC????????????????????????????????????????

Fri, 12/12/2014 - 03:02 | 5543272 Otrader
Otrader's picture

Some people have started realizing that there are large financial groups that dominate the world. Forget the political intrigues, conflicts, revolutions and wars. It is not pure chance. Everything has been planned for a long time.

Some call it “conspiracy theories” or New World Order. Anyway, the key to understanding the current political and economic events is a restricted core of families who have accumulated more wealth and power.

We are speaking of 6, 8 or maybe 12 families who truly dominate the world. Know that it is a mystery difficult to unravel.

We will not be far from the truth by citing Goldman Sachs, Rockefellers, Loebs Kuh and Lehmans in New York, the Rothschilds of Paris and London, the Warburgs of Hamburg, Paris and Lazards Israel Moses Seifs Rome.

Many people have heard of the Bilderberg Group, Illuminati or the Trilateral Commission. But what are the names of the families who run the world and have control of states and international organizations like the UN, NATO or the IMF?

To try to answer this question, we can start with the easiest: inventory, the world’s largest banks, and see who the shareholders are and who make the decisions.

The world’s largest companies are now: Bank of America, JP Morgan, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.Let us now review who their shareholders are.

Bank of America:
State Street Corporation, Vanguard Group, BlackRock, FMR (Fidelity), Paulson, JP Morgan, T. Rowe, Capital World Investors, AXA, Bank of NY, Mellon.

JP Morgan:
State Street Corp., Vanguard Group, FMR, BlackRock, T. Rowe, AXA, Capital World Investor, Capital Research Global
Investor, Northern Trust Corp. and Bank of Mellon.

Citigroup:
State Street Corporation, Vanguard Group, BlackRock, Paulson, FMR, Capital World Investor, JP Morgan, Northern Trust Corporation, Fairhome Capital Mgmt and Bank of NY Mellon.

Wells Fargo:
Berkshire Hathaway, FMR, State Street, Vanguard Group, Capital World Investors, BlackRock, Wellington Mgmt, AXA, T. Rowe and Davis Selected Advisers.

We can see that now there appears to be a nucleus present in all banks: State Street Corporation, Vanguard Group, BlackRock and FMR (Fidelity). To avoid repeating them, we will now call them the “big four”

Goldman Sachs:
“The big four,” Wellington, Capital World Investors, AXA, Massachusetts Financial Service and T. Rowe.

Morgan Stanley:
“The big four,” Mitsubishi UFJ, Franklin Resources, AXA, T. Rowe, Bank of NY Mellon e Jennison Associates. Rowe, Bank of NY Mellon and Jennison Associates.

We can just about always verify the names of major shareholders. To go further, we can now try to find out the shareholders of these companies and shareholders of major banks worldwide.

Bank of NY Mellon:
Davis Selected, Massachusetts Financial Services, Capital Research Global Investor, Dodge, Cox, Southeatern Asset Mgmt. and … “The big four.”

State Street Corporation (one of the “big four”):
Massachusetts Financial Services, Capital Research Global Investor, Barrow Hanley, GE, Putnam Investment and … The “big four” (shareholders themselves!).

BlackRock (another of the “big four”):
PNC, Barclays e CIC.
Who is behind the PNC? FMR (Fidelity), BlackRock, State Street, etc.
And behind Barclays? BlackRock And we could go on for hours, passing by tax havens in the Cayman Islands, Monaco or the legal domicile of Shell companies in Liechtenstein. A network where companies are always the same, but never a name of a family. In short: the eight largest U.S. financial companies (JP Morgan, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon and Morgan Stanley) are 100% controlled by ten shareholders and we have four companies always present in all decisions:

BlackRock, State Street, Vanguard and Fidelity.
In addition, the Federal Reserve is comprised of 12 banks, represented by a board of seven people, which comprises representatives of the “big four,” which in turn are present in all other entities.
In short, the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. These companies control U.S. monetary policy (and world) without any control or “democratic” choice. These companies launched and participated in the current worldwide economic crisis and managed to become even more enriched.

To finish, a look at some of the companies controlled by this “big four” group

  • Alcoa Inc.
  • Altria Group Inc.
  • American International Group Inc.
  • AT&T Inc.
  • Boeing Co.
  • Caterpillar Inc.
  • Coca-Cola Co.
  • DuPont & Co.
  • Exxon Mobil Corp.
  • General Electric Co.
  • General Motors Corporation
  • Hewlett-Packard Co.
  • Home Depot Inc.
  • Honeywell International Inc.
  • Intel Corp.
  • International Business Machines Corp
  • Johnson & Johnson
  • JP Morgan Chase & Co.
  • McDonald’s Corp.
  • Merck & Co. Inc.
  • Microsoft Corp.
  • 3M Co.
  • Pfizer Inc.
  • Procter & Gamble Co.
  • United Technologies Corp.
  • Verizon Communications Inc.
  • Wal-Mart Stores Inc.
  • Time Warner
  • Walt Disney
  • Viacom
  • Rupert Murdoch’s News Corporation.,
  • CBS Corporation
  • NBC Universal

The same “big four” control the vast majority of European companies counted on the stock exchange.
In addition, all these people run the large financial institutions, such as the IMF, the European Central Bank or the World Bank, and were “trained” and remain “employees” of the “big four” that formed them.

The names of the families that control the “big four”, never appear.

http://www.expressionoftruth.com/2013/05/the-large-families-that-rule-wo...


Fri, 12/12/2014 - 03:30 | 5543286 22winmag
22winmag's picture

It's a huge shit sandwich and we're all gonna have to take a bite.

Fri, 12/12/2014 - 03:46 | 5543306 fzrkid
fzrkid's picture

DIdnt actually fund it till Sep 2015, merely continued the distruction of the USA by allowing the GVT to borrow more money...

 

The FED is fahked, it cannot let interest rates rise.. What the interest payment on a cool Trillion at 3% anyway???

Fri, 12/12/2014 - 06:49 | 5543431 redwater
redwater's picture

Gee, no one saw this coming.

Are Republican voters the dumbest people in the solar system?

 

 

 

Fri, 12/12/2014 - 07:45 | 5543503 jughead
jughead's picture

No dumber than voters in general who think doing the same thing over and over might just turn out different THIS time. 

Fri, 12/12/2014 - 07:42 | 5543495 jughead
jughead's picture

This bill could be a tipping point...another Stamp Act.  How much more obvious can it be now that there is no substantive difference between the parties when it comes to what counts, and that they sure as hell are not working in the interests of the people who elected them?

This government of the banksters, by the banksters, for the banksters must perish from the earth.

Fri, 12/12/2014 - 07:41 | 5543500 Last of the Mid...
Last of the Middle Class's picture

Boehner took it in the ass one last time for the gipper.

Fri, 12/12/2014 - 08:00 | 5543530 overmedicatedun...
overmedicatedundersexed's picture

well the new congress is not there yet..so this is old .gov spending while it can..If you ever meet your reps they are not stupid, they are not dumb, so many give them credit for being too stupid to understand what they do..no my fellow sheep, they are smart as serpents, it's just you are too stupid to see this is a total other game they play..none of us will ever be as well cared for or as wealthy as the likes of boehner, pelosi, bush, obuma, paulson, (insert name of any elected here)..wake up this is their plan their government.

best to all fellow serfs. bend your knee.

Fri, 12/12/2014 - 08:08 | 5543546 therearetoomany...
therearetoomanyidiots's picture

Sorta off topic...

In a 3 mile stretch of Tamiami Trail East in Naples FL between rattlesnake hammock and collier blvd (this is in general where all the 'workers' live, the immigrants, etc though there are a couple gate affluent communities interspersed), there are 12 banks (4 of which were built in the last 2 years)....guess what's being built smack dab in the middle of those three miles and 8 banks?

Banks represented:   Chase (3), BOA (3), 5/3 (2), Regions (2) Wells Fargo (1) and 1 Teachers credit union

The economy is in the shitter, people are working 2-3 jobs to make ends meet (just to pay the bills) - who the hell is going to a bank?  

Fri, 12/12/2014 - 08:27 | 5543576 p00k1e
p00k1e's picture

Republicans sure supported this spending bill.

Now Boehner can go home for X-mas and tie one on.  LOL

Fri, 12/12/2014 - 10:55 | 5544142 Falconsixone
Falconsixone's picture

So congress does have to do something and has some power?

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