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Knowing It Will End Badly And Turning A Blind Eye
As 2014 came to an end I like many of you probably felt a brief sigh of relief that maybe, just maybe, we could move into 2015 with a little more sanity shoved back into the financial markets. Now with QE as a know certain (at least for this moment) that indeed the spigot to the fire-hose has been shut off albeit there is still the “reinvestment” sprinkler system still at play. We might possibly get back to a little bit of sanity within the capital markets.
I watched a great many pundits take to both the financial air-wave cameras, as well as radio and print with fervent breath to make more or less a blanket statement that all the so-called “doom crew” (this is what you are now branded if you dare make a cogent case against fairy-tales and pixie-dust) were proven to be, without a doubt – totally wrong.
Added to this near foamed mouthed expression of glee was the added generalized diatribe, “when will these people just admit they were wrong and go away?!” Every time I heard or read a statement reminiscent of this I burst out into laughter. Until I read Hugh Hendry’s Eclectica Fund’s “Letter to Investors.” Here is where I went from laughter – to outright stupefaction.
Before I go any further let me make this point clear: I am, and have been a fan of Mr. Hendry’s investing prowess, his willingness to point out in public whether an Emperor is clothed or not, and more. However, I have also made my opinion clear about my uneasiness when he originally turned his investing thesis onto its head and became by his own words “a Bull.”
Although I understood the thesis I believed (and still do) that there is an inherent danger when this view is accepted and codified based on this market. So strongly do I feel about this I suggest we turn the danger scale up more towards perilous. Or, in simple terms – the danger knob has just been turned to 11 in my view after reading his latest letter.
The opening paragraph was nearly all one had to read as to know both the direction and the stance that seems now fully embraced by more than just Mr, Hendry – but everyone currently on this Keynesian fueled bandwagon. To wit:
“There are times when an investor has no choice but to behave as though he believes in things that don’t necessarily exist. For us, that means being willing to be long risk assets in the full knowledge of two things: that those assets may have no qualitative support; and second, that this is all going to end painfully. The good news is that mankind clearly has the ability to suspend rational judgment long and often.”
You can read the whole letter (and suggest you do) as reported by ZeroHedge™: Hugh Hendry Embraces Central Planning Matrix “I am taking the Blue Pills Now.
Here’s the whole issue with this piling onto this bandwagon. For those not familiar I’ve stated many times, “Beware when everyone’s on the bandwagon – except the band!” Well that’s just what we have here. We have a beautifully paint by numbers Keynesian manufactured bandwagon more, and more are piling onto. The problem? There is no band! And that band is known as: A true, free market capitalist actualized economy to pull it.
So why do I take such umbridge with what seems like just one more in a long list of recent converts to the whole Central Bankers now control everything meme? Well, it’s precisely due to what I read in that letter.
It’s in the way one is “giving in” as to repel what we might call “truth.” (for lack of a better descriptor) And bend, morph, strain, or eulogize why all reasonable arguments don’t make money today. Or, why real economic principles no longer matter.
In my view, this is nothing more than an overly dressed version of Chuck Prince’s now infamous remark while CEO of CitiGroup™ “As long as the music is playing, you’ve got to get up and dance.” Anyone remember how that number ended? Oh yeah, he stated that line right before all hell broke loose with the entire financial system crashing. That’s right, maybe you remember that also? I know I do.
Again here’s the danger put another way. If we are now to think, invest, build businesses, plot economic development opportunities et al based on this: What this means is we should not only embrace the Keynes – but should embrace the Krugman.
Yes, as in Paul Krugman and all his economic theories and policies. For if this is now only an economy based on Central Bankers that means ipso facto we no longer need business leaders, financial planners, or for that matter politicians, investment advisers, or the Ivy league schools to teach them.
Just wait till a Central Banker decides what will be done. Have your embargoed copy of the meetings minutes loaded into your swiftest HFT algo-reader, wait for your decided nanosecond of choice (as to not draw the ire of the regulatory agencies) and hit the execute button. Who needs “smarts” when it’s all this easy!
Never worry about debt or deficits again. If printing money as to buy or monetize the debt (which you were told would never happen, Silly you to believe) seems as if the accumulated balance sheet figure “is too damn high.” Just do as Mr. Krugman suggests and make a trillion dollar coin and put it in a vault. Debt crisis solved. Sheer genius right? Sounds like madness I know, but that’s exactly what a Nobel Prize winning economist not only suggests but recommends. All with a straight face.
What’s not laughable any longer is if this truly is the view, and belief, of the world monetary system today – it brings a thinking person to tears that this, is now also viewed as “Well – why not?”
The real reason why this “why not” viewpoint is destined for even more than tears is that other economies sooner or later will not accept it. And when that breaking point happens tears will be the easy part of the crying.
China, Russia, India, along with a host of other nations are not going to allow one set of Central Banks, or bankers the ability to create havoc and political unrest within their economies without throwing their own sticks into the mud.
These nations are not going to sit back idly while other Central Bankers such as Mario Draghi hems and haws about whether he’s got a bazooka or he’s pushing on a string. Currently everyone from Germany to the whole EU zone is wondering just what a “Full Monty” currently means. Many are thinking it’s more like a wet noodle, rather than bazooka or string.
Forget Greece, forget Spain, forget all the rest that now seem to be teetering on some form of existential collapse. Try also to forget about all those coinciding, commingled trades of “diversified” portfolios. Many of which are today’s pathetically low yield seeking trades fueled with currency trades, spreads, or swaps that just the mere blip on a screen in the wrong market and spreads go from narrow to “canyon” in nano seconds.
On a side note. Has it been lost on anyone that the oil crush, the Greece turbulence, the sudden realization the money issues in China are becoming more apparent by the day, and a whole lot more began happening near to the day QE ended hence a mere 60-ish days ago? Funny how a world based on sound fundamentals and economic principles would do that is it not? Unless…. (I know you know that answer without me saying it.)
Another argument to consider. Just what happens when a country (pick your poison for it literally could be anyone) decides to put into action in a coordinated way, (i.e., Picks that just right moment when they know real pain can be inflicted) and decides to echo a Donald Trump inspired move against the Central bankers or creditors.
For those who may not remember, back in the 80’s or so when Mr. Trump was having real issues and in danger of losing everything he implemented a strategy based on an insight to bring the bankers onto his terms when he coined the phrase (I’m paraphrasing) “When you owe the bank a million dollars and can’t pay – You’ve got a problem. When you owe the bank $100 million dollars and can’t pay – the bank’s got a problem.”
It truly was an insightful as well illustrative way to view particular issues when needing to deal with what may seem at the time as unresolvable debt issues. And, I believe only a fool would think other nations as well as governing bodies that feel they’re on the wrong end of any particular Central Bankers stick – aren’t.
Again the issue at hand and why I feel so strongly about this whole topic is this: The more people who buy into the “well I’ve got to be along – to get a long.” are helping fuel the fire for the most over-used covering of one’s arse mantras “We know this will all end badly.”
The problem is inherent in the knowing “that it will end badly” and yet turning a blind eye and making money anyway. For that’s what a good Wall Street aficionado does after all, right? I mean, who cares about arguing about real economics or fundamentals. Who cares – I’m up 8%!! As if that’s all that now matters.
For if that’s all that matters why don’t we embrace crony capitalism, embrace stagnant wages, embrace the 99% vs the 1% as that’s the best it’ll ever be. Who cares, as long as we’re getting ours. So be it if the Central Banks and their interventionist policies are causing havoc within our social structure where over 90 million Americans are without work. And we’ll care even less if it’s doing similar within other economies. “There’s still time – Let’s dance!”
This is what people like myself, David Stockman, Stephen Roache, Peter Schiff, Mark Faber and others warn about. This type of “buying into” the Central Bankers omnipotence does more than just mask their manipulation.
It gives themselves as well as others some form of cover for longer and, for all the wrong reasons. This also goes for both the political as well other entities as too not take up the causes of problems – and address them.
Address them where the possibility of resuming a more true, capitalistic based monetary system that embraces free markets, and helps foster true diversified growth within not only the capital structures but, by making or forcing other issues such as real free trade and other needed fixes and changes. Not this disgusting bloated behemoth of an adulterated Central Bank infused market taking place currently. This beast is now getting downright scarier. (If that is even possible)
For if there is one thing I’m more certain going into 2015 than I was in 2014 it is this…
The more people I believe “know better” yet, embrace the proverbial “Blue Pill” as a way to just go along to get along while now embracing (if not convinced) they can ride this tiger, I believe not only will find that this surely will “end badly,” but for many of these once insightful players that danced into this Central Bank rave party it will end far from bad – and more like tragic.
But hey, that’s what happens when you take pills then turn things up to 11 right?
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BECAUSE OBAMA!
Now watch, Hitlery will NOT run for Prez seeing how it's all falling apart fast now.
Oh Hillary will run, just not for office. For her life.
One can only wish.
Isn't his argument against Fed water-carriers equally applicable to government water-carriers in general?
They're all opportunistic suckups and a reason government is so entrenched.
RED PILL BITCHEZ=Better a cruel truth than a comfortable delusion.
The truth is messy. It's raw and uncomfortable. You can't blame people for preferring lies, hence the blue pill.Transformation is my favorite game and in my experience, anger and frustration are the result of you not being authentic somewhere in your life or with someone in your life. Being fake about anything creates a block inside of you. Life can’t work for you if you don’t show up as you
“Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.”
“The high-minded man must care more for the truth than for what people think.”
Tylers: HOW'S THIS FOR AN OMEN OF THE ABYSS TO COME NOW!!?
http://www.dailymail.co.uk/sciencetech/article-2894840/Mystery-sun-s-sou...
lmao
I still work on this project and it is called SDO (yes I work for NASA at goodard MD), what point are you trying to make here ?
check the project:
http://sdo.gsfc.nasa.gov/'
End of days the sun turns black . Rev 6:12
the probability of that is 0.023% did you know that ?
the sun can harm earth in other ways in which the probability is higher
To be honest with you human nature is to destroy anyways so dont worry about the sun, we are good ar fucking each other, excuse my language lol
OK, was it just me or did it look like that frog in the pot was smoking a joint?
@sick dollar
I agree 100%. I don't worry at all about random cosmic events like that. I'm not saying some kind of coronal mass ejection COULDN'T fry the power grid and all that shit, the chances of that are astronomically low. I worry about mans propensity for self inflicted destruction and our constant belligerence towards each other. I believe man kind will bring far more destruction on itself in the next few years and any cosmic forces. Attempting to conjure prosperity out of thin air has a high (100% ) failure rate, and the consequences aren't pretty.
Nuclear Winter or meteor strike, or long term Ice Age, can all lead to the Sun turning black, besides waiting for the inevitable Sun burnout many eons in the future.
There are many possible ways for the clouds or atmosphere (soot, dust, pollution, etc.) to obscure the Sun going forward.
The Matrix movie showed another possible way to obscure the Sun.
agree...good post, but it can be a very lonely place. Once the door to a spiritual journey embracing only truth has been opened, it can never be shut and there's no settling for anything less, and is not without pain!
oops first post..doubled up..
By printing money, the FED, or whoever, gets to confiscate assets everywhere. It is pure genius. The suckers (us) are stuck watching these guys just print money and fucking buy everything. It's such a fantastically simple trick, it boggles the mind how direct it is.
You opt out, they print more money and buy what you sell. No problem. There literally is no limit to this scam if people don't renounce it somehow. The problem is getting those pitch forks sharpened when they also own the mind control tools.
Like Hendry says about the Austrians and the Matrix, the Blue Pill guys don't need the Red Pill guys, they can just ignore you.
Printing the money isn't the problem. The fact that the money is LOANED into circulation through the process of fractional reserve banking is what is stinking up the place. Too much debt and no way to service it using the current paradigm.
The money system creates far more than wealth for those whose elbow rests on the sill of the discount window. It creates power which is being used against us. I now fully understand what Lord Acton meant when he said eventually it will come down to "the people versus the banks".
The emerging police state is required to enslave its citizens as debt slavery has gone about as far as it can go. The credit based money experiment is just about done.
Another facet of the genius is the sideshow called Democracy, playing around talking about Immigration, Abortion, Racism and whatever other sparkly objects keep people from seeing about 1000 people are silently reorganizing literally everything.
Their weakness though is that they will always need a goon squad to stop too much red-pill overuse. They can't do everything electronically. Almost everything though.
Everyone believes they can and should make all of the money they can before the crash, and then somehow will be able to keep it when the crash happens.
The technical term is Greater Fool.
You idiot.
Buy the Fucking Dip.
https://www.youtube.com/watch?v=0akBdQa55b4
Let me make my position very clear to you in no uncertain terms... Buy The Fucking Dip You Fucking Idiot
Hillarious.
Silver & Gold = Highest quality insurance available
IDK, the more fiat I can turn into potentially productive assets now, the better chance I've got of actually holding on to some vestage of wealth.
Money ?? you mean Fiat Currency and that is not money.
Gold Bitchez
remember gold is not a investment in this current system,since 1972(off the gold standard) that we live in, it's a safety net in case this system crashes
Gold gets you from here to there. That's it's real value for regular folks. It is the only money that has been able to segue successfully from one economy to the next, down to the present day...
Gold is the Charon of the Economic Underworld, ready to ferry you across the Styx of dying fiat. It's still just one coin for the passage, because gold has held its value to this day...
What you do when you get to the other side is up to you, but Gold will be there for you if it doesn't work out and you have to leave in a hurry again, but you gotta have that coin...
You don't NEED a whole lot to get through, but if you don't have ANY you aren't going period.
Interesting how ZH's readership spikes as CNBC's viewership plunges. Somebody out there gets it!
How Sharpton's shakedown racket operates:
http://tinyurl.com/nvjmslm
Ignore the market, watch the real economy.
Commodities have crashed hard
E.M.'s coming unglued
Entire oil complex on verge of global meltdown
9 trillion in hot money vested in commodities about to divest
EU's day has come. No more can kicking
QE gone. And no, it ain't coming back.
War
All the things we assumed would go on forever are coming to an end. Did you really think it would last forever?
huh, sure I did.
Must disagree with you Headbanger. Hillary will run. Her gargantuan sense of entitlement demands it. And her canyon sized ego allows her to believe that her policies will be curative to what ails this sick nation. What she doesn't comprehend is that she is part of the cancer.
But I believe she will not run for those same reasons to avoid the horrific ordeal of being Prez during the Greatest Depression.
What depression? She'll go from limo to mansion to White House. Your comment assumes she gives a rat's ass about the public.
only reason she will not be YOUR next president is because she died trying, ha...
One can only wish. (It's deja vu all over again)
" her canyon sized ego"
The biggest canyon on that broad is below her equator. If you don't count her mouth, that is.
What depression? She left the White House flat broke and has since earned tens of millions of dollars in today's booming economy.
Besides, any allusions to corruption, warmongering or dishonesty only serve to enhance her reputation with the electorate.
actually, the only moral and sane approach to this entirely manufactured market is to boycott it. yields be damned. it is a characterless rationalization to say I am a broker (or analyst or whatever), my living is made in this market, manipulated, rigged, dangerous or not, I must participate.
that is one of many things I admire about Ann Barnhardt, she saw it long ago and dissolved her business. she told her clients she could not in good conscience continue to run their money through this market.
What I admire about her are her brass balls. This is one of the sexiest smart ladies on the planet. Gave up her business to work as a janitor under the table. Refused to pay tax and had everything taken away from her. Continues to fight on.
http://www.barnhardt.biz/
"brass balls" - thinking they might actually be tungsten carbide. ;)
http://www.truthorfiction.com/rumors/b/ann-barnhardt.htm#.VKm8KnuM6So
Not a fan of her religious points, though commend her for putting up rather than shutting up. There are far too many trolls out there as it is.
These are my sentiments exactly.. If we continue to feed the same monster we claim is destroying the world around us, where do we fit in to that picture?
I hope she runs and wins or bush both those families are responsible for all this shit and then let Obama the bozo usher it in. We shall get whats comming nobody paying attention to the 100 billion added to the 18.051 trillion debt this year wtf is up with 100 billion did anyone see that? Sad sad sad
The person in charge when it falls apart will likely have a hand in laying the foundation for the new government. Don't doubt for a second that all of these sociopaths won't be fighting eachother to create the perfect socialst state that exists in their demented minds.
That's what I said about Obama after the '07 "tanks in the streets".
I'll stand by that. He was a fool, and he will be a scapegoat at least. He'll probably be the one that takes the bulk of the blame, even though he's just riding the turd he was given.
Anyone foolish enough to run for this next go-round is an idiot. The U.S. will get what it deserves yet again.
Most people in our society do not have the self control to cut spending. That means we must increase our rate of return on our investments, we cannot do without.
We are all addicts.
"I mean, who cares about arguing about real economics or fundamentals. Who cares – I’m up 8%!! As if that’s all that now matters."
Yeah, pretty much. We all know when this party ends, the hangover is going to epic. So what's the point in stopping the party now?
There is a lot of honesty in that statement. And I can see where it would be tempting. I chose the lesser, safer path thinking it would be easier to reconcile later.
I believe the more debt you are shackled with going into the storm means the more hooks you will have in you coming out of the mess. There will have to be some framework for order to be restored, best to keep the house as clean as possible even if it will be needing to be tidied up later. Not jumping in also make it easier to watch and not take sides. It has been, and will continue to be, an interesting show.
Good luck to the good people.
For 30 or 40 years, science fiction has predicted that, in the not-so-distant future, 90%-99% of individuals will subsist on a minimum gov't dole, sometimes spartan and sometimes not. iow, work will disappear.
Hey, RoBoLenaDunham! What time is the faster-than-light ship to Arcturus leaving?
Humanity seems to be able to withstand much longer bouts of poverty than prosperity. Poverty is the norm.
Destitution even.
Yes, and the mob was the downfall of the empire.
The religion of profit over productivity. The road to hell is paved with easy money.
View this coming crash as possibly your last shot to get off the crazy train of a central bank controlled economy. Don't be long when it hits, have your stack, but make sure you cash in on the crash too cause we don't know for sure if our stack will save us.
Look at how mind fucked the average sheeple is. You're betting on them coming to an understanding of money, and more specifically, the value of gold and silver. I got my stack, but I'm not counting on it exclusively. I can easily foresee the sheeple learning nothing from this and gladly accepting SDR's or a new piece of worthless paper.
When you perceive (correctly) that you are operating from a position of weakness, you will do what your are told. If plastic tokens with Obama's face imprinted on them are called money, then so be it, if that is all the grocer and gas station will accept. I have no faith in any currency, paper or metal as ultimately their value will not be determined by any market other than that of the State. That has been made painfully clear to me. Gold will never be allowed to legally compete with government currency. It will be taxed or outlawed or just destroyed by internal manipulations. As we saw with FDR, gold was outlawed, bought form the public and then used to pay the government's debts to foreign entities at a higher value. This is their game and hopes that we can somehow subvert, avoid or destroy it is to accept that we will have to destroy everything we hold dear in the process. The power of government is so much more vast than in FDR's time it is impossible to image overcoming it. At this point my concern is to protect myself from the hungry pissed off mobs, not the government.
You only lose what you got. So, if you sit it out, you've got nothing to lose!
That said, ante-ing up is one thing; going all-in in crazy.
It's warm and bright inside the salon, and the band's playing so beautifully! You want me to go on deck and get into that little lifeboat?!? You must be MAD!
(paraphrase of the voices of 1,512 people who drowned on the morning of April 15, 1912)
Why is the video in the article from 2013? Or am I missing something?
"Money" is now binary digits, 0's and 1's, in a database; completely unhinged from anything tangible.
There are no debits and credits, there is no debt nor capital; the leverage in place is our very lives.
Yes, price no longer indicates value. It just indicates price, which, in this economy is apparently all that counts.
"it brings a thinking person to tears" ... covers everything I think.
I'm all right Jack.
Until you aren't.
Tick tock.
Is there ANYTHING the Fed has not mucked up?
Considering that it's always been run by Jews suggests it is NOT an accident.
Not this disgusting bloated behemoth of an adulterated Central Bank infused market taking place currently. This beast is now getting downright scarier.
lulz
On a long enough timeline the survival rate for everyone drops to zero ...
i.e. zero hedge
And you want to talk about, knowing it will end badly and turning a blind eye?
Only one thing to say to that ... bitchez!
Hat-tip Trav777
The conpersons-in-control are saying: "F___ the people!".
That is why these are seldom seen:
http://www.showrealhist.com/begun.gif
http://www.showrealhist.com
The mainstream news media whore for Wall Street.
Higher education whores for Wall Street.
Holders of elected office whore for Wall Street.
My best plan of advice to ZeroHedge fighters. ...have a good bank..and a bad bank ....and you will be best prepared for whatever might come our way....take advantage of the extended overtime they keep seeming to give us !!
More time to BTFD?
Good point. The TBTF banks will not be allowed to fail until the final big one.
Year end quarterly taxes are due on the 15th. Anyone who pays quarterly got the balls to say "fuck it" and not pay them this time?
Fear is a great motivator.
Not me. It is important to choose your battles wisely. Don't fuck with the IRS. They are the ball busters of all time. No one working for the IRS gives one shit about being loved. If you think cops are assholes, stay clear of the IRS.
I'd be glad to loan you my pistol, so you can use it to blow your brains out. It'll be faster that way, I promise.
It is amazing how the world is perceived in diametricaly opposed mind sets; all polarized to interpreting reality through their own lens and priorities.
1° TPTB/TBTF in DC/WS feel they have the beast under centralised control.
"As long as $ stays RESERVE its our shooting match and we can let it appreciate and play our games between stocks n bonds until the cows come home OR our rivals deflate and we pick up the money on the casino table. As we control the BIG STICK and the BIG MOney line we can play it both ways; we'll never lose. Potus/FED run the world, and the adjustment variables are outside the US empire."
2° Libertarians and contrarians of first world look at the debt and the polluted money line being jerked around in the casino and say : "this has gonna come down."
Its been their verdict since Lehman times. Money markets have their own rules and based on past history this has to come down and with it the power matrix that runs it.
3° Chinese and Russian power groups have a different prespective and play for high stakes based on Europe's/Japan's attrition and the space that this will leave them.
4° Europe has no idea what's up ahead. Mutti feels she can control the EU conundrum and maintain Germany's course as world player (not so much the rest of EU which will just have to chug along as a huge market of dumbed down consumers).
5° The Arabs are now marching ahead to perceived energy freedom, by staging proxy wars and trying to make Dubai world hub of commerce to replace western hubs in case Eurozone splutters to a stop.
All in all, there is NO CONVERGENCE in these different power groups; no axis or counter axis visible today. --China and Russia do not have same attitude to the $ hegemony. Saud and Iran/Turkey (as Egypt) are not pulling in the same direction.
A truly chaotic world. Something has gotta give and it may take us to the 1930s syndrome ; but when ?
http://www.zerohedge.com/news/2015-01-04/four-forces-shaping-investment-...
The children are always the first casualties in war.
Yeah this kind of tripe was, and I suppose still is, Denninger's mantra over at Market Ticker. Quit making money, because if you pay taxes you're enabling the corruption. Straight bull crap.
Screw that. Making money for myself and my family is the greatest thing I can do for society. I didn't make the stupid rules and I neither enforce them nor consent to them with my vote. Which means I am not responsible for them, duh.
This is real life, kiddies. Not some idiotic finger-pointing game. So however people decide to play it -- war? economic collapse? police state? insurrection? -- I am as ready as I know how to be
At this point it's fun relieving the dunces of their money on a daily basis, praise the Lord. And if and when it all collapses one day, by the grace of God, I'll be short and liquidate before the counter parties fold.
Come on you stoops, doops and jackasses. Put up your dukes. And prepare to have your butts kicked.
As long as the government keeps giving the masses money to spend, the masses will keep spending money. Those on the bottom of this economic structure don't know how to save anyway. Get them free money and they will spend it.
This is not an old Soviet style socialism where shelves become empty because there is not enough incentive to get things on the shelves. Product is placed on the shelves because there is money (with real current value) being put out there so the masses can buy things
The EBT card (charged with freshly coined digits) is spent in the "free market place" which is becoming dependant on it. Subsidized medical plans fund a medical industry. Subsidized student loans fund academia, An expansive military funds a middle class lifestyle for those able and willing to partake.
There is too much domestic demand created by money printing for anyone to predict when this ends badly
but when ? oil is the key clue. then food to feed 7 billion w/h2o as food variable. ignoring fiat and looking at musts. then productive econmies with access to cheapest oil production.
or all out war lauched by biggest looser(bully) with most to lose. whom might that be? meet the new germany,ha...
"Umbrage" not"umbridge".
Overreliance on spell check or some such doodad?
Thanks so much for not making me the grammar bitch of the day.
I never had to worry about misspelling that word because I never have used it. Umbrage is a word reserved for arrogant snobs not humble people like myself.
ahem....janus takes umbrage at your slanderous inference.
and what's so bad about arrogant snobbery? arrogant snobbery is the best defense against boring and tedious dialog with the teeming masses & humble rabble -- those who take pride it their limited vocabulary, their preference for margarine (oleo) and polyester...folks who look at books and scoff at those who'd waste their time reading.
i bid you good day, sir...i said good day!
janus
OneTinTrooper notes your illeistic reply.
yeah, i knew you wouldn't take it in a contentious spirit...janus has seen you use more than one two-dollar-word on these pages. in fact, i do recall some fairly complex, multi-clause sentences beneath your avatar (with some richly textured thoughts layered atop them) -- not really the province of humble single-syllable-word mumblers.
but humility is a virtue...at least, that's what they tell me.
as always...snobbishly & humbly yours,
janus
Buncha jibjab. Nome sane?
jstanley011, . you are a fool if you think your gawd mammon gives a ratsass about you and your precious family. you are a fool if you think you can catch a falling knife, and not get hurt. Real Life? are you fuckin kidding me? are you so unaware of the unreality that is happening now? What the hell do you come to this site for? If your kids are as foolish as you I pity them." Praise the Lord" you are a true shitiot
GET ON YER KNEES AND PRAY
IT'S THE ANNIVERSARY
OF THE SHEEPLE MASSACRE OF ( Fill in your own year ).
A good article, but it makes the same mistake as many articles do on ZH. Typically, there is a claim that the current economic mess proves that Keynesian economics that doesn't work. I don't believe that is the case. It doesn't matter what your opinion is in regard to Keynesian economics or any other economic theory, because they are all irrelevant to what has been going on since 2008.
Keynes suggests that when the economy is down, the government should spend money to pick up the slack via things like public investment in infrastructure that also helps raise employment. The idea is to spend money on infrastructure. Things like the interstate highway system, or the TVA that produce things of lasting value. That never happened since 2008. What did happen was the banker controlled Fed allowed the banks to loot the taxpayer's money in the treasury to cover their failed bets. Nothing was spent on infrastructure or activity that would produce jobs. All that happened was that the Fed poured trillions into the banks so that there would be no danger that the bank executives might have to cut back on their salaries and bonuses.
That has absolutely nothing to do with Keynes; it has everything to do with highly influential and corrupt banks that have been looting the treasury to cover their failed bets.
Keynes, and all the other economic theories are irrelevant to what has been going on since 2008, because the only policy in play was the Fed collaborating with the bank's robbery, theft, and corruption.
If you have to give it a label, don't call it Keynesian economics. Call it what it is: Financial Gangsterism.
Z/H reflexively attacks Keynesian Economics because of ideological
committment to the Austrian School of Economics. Theoretical blindness
is ignored for the same reasons that central planning Banksters ignore reality and turn the other cheek for profit. Intellectual dishonesty is
very evident on Z/H when the reflexive attacks on Keynesian theory
conveniently exclude reality of where the stimulus did get placed.
And I fully agree with the comment you have made regarding theory.
The last sentence of the national anthen 'Home of the Brave' should be switched to, I gots mine bitchez!
Try singing it in your head, it actually works!
and "land of the free" to land of the free loaders.
More concisely stated: "Me first, fuck you".
It's the American way.
Actually, with computers, they can issue EBTs to everyone.
No cash. 'This card is legal for all debts, public and private.'
All you have to have is enough guns to back it up, then folks will have to use it.
We play their game because there is no alternative. They make the rules, they print our money, and they own our children. Taking the red pill does what for any of us exactly? - Does knowing that the future is fucked help save the future? - Does simply understanding that "money" is not real help to solve social unrest amongst the masses? - Knowing that politicians are corrupt and that Too Big To Fail banks run everything does you what good exactly? Generation upon generation have all lived under the boot of DEBT - So? Can we say that none of them prospered? Hardly.. Generation upon generation have all lived under the threat of GREED - So? You think you can change human nature?
We talk again and again about how "we" are fucked by "they," but we do nothing. We are "awake?" Hardly. We didn't take the red pill - that's the whole point, isn't it? There is no red pill. Knowing that the system favors now and cares nothing for tomorrow doesn't fix anything, nor does simply knowing separate you from the system either. We make fantastical correlations to the movie "The Matrix" without ever talking about the fact that the system essentially won at the conclusion of the series. As unsatisfying as that ending was, there is truth in it. Just as there is truth in the movie "The International." Truth is a double edged sword. You can separate yourself from the heinous and pervasive system, but that doesn't help anyone still in the system, nor does that "fix" the system.
The system is the system. The system can only collapse due to its own misbehavior - outside forces are nearly always irrelevant. Even when the East (through such agreements as SCO and BRICS) remove the dollar from de facto reserve status, you will learn to live within that new system or without. Taking the red pill isn't going to stop what's coming. It's time to understand that your truth is personal. All other truth is controlled or contrived to further a system that you are unavoidably still a part of (like it or not, doesn't matter). That's why you'll be called "crazy" if you "prepare" for anything other than what the system provides for you. The system, even if it is DEBT based, keeps these sheep alive. They will kill you one thousand times over before they let you jeopardize their own means of living.
Yep,,, thats the same stupid remark I hear from everyone who like to live for today and to hell with tomorrow. And in our present world... Stupid wins.
Stupid is both a subjective and a relative statement and connotes that someone is preoccupied with judging others. Your efforts are best spent on figuring out how you and your loved ones win. How you win depends on how you play the cards you have been dealt. Trying to play a different card game and calling everyone stupid would not be considered a smart move by most.
And your solution is? Oh, you don't have one, do you? Yes, my remark was "stupid" according to sheep. I know that, don't I? That was the point of my remark, wasn't it? Thank you for proving that point.
I agreed with your comment, and enjoyed your reply, deeply indebted!
The classical flow of human stories was from tragedy to comedy, to tragicomedy. I see the basic mechanism behind the social facts correctly outlined in the article above, which you reiterated in your comment, as being LIES BACKED BY VIOLENCE, which have grown at an exponential rate throughout the history of civilization to become the current systems of legalized lies backed by legalized violence. In that context, more rational evidence and logical arguments do NOT MATTER to those systems of enforced frauds, EXCEPT to the degree that those can enable better deceits, backed by better destruction.
I have been taking cocktails of "red pills" for quite a while. I find that if one takes a large enough overdose of the "red pills," then that may have the same effect as taking the "blue pill." I would express that as saying that I believe the universe is already perfect, and that human beings can do nothing else that continue to participate in that perfection.
Perfection means "thoroughly made." The world acts through general energy system entropic pumping, through which energy conserved: ENERGY IS SPIRIT. Human energy systems are controlled by the most labile components, and follow their own path of least resistance, which means that those are being "perfect" when civilization is controlled by the most dishonest and violent people, to direct civilization to develop along the path of least morality.
Those who promote various old-fashioned false fundamental dichotomies, and their related impossible ideals, continue to actually make the opposite happen in the real world. The only things that exist are the dynamic equilibria of different systems of organized lies operating robberies. It is theoretically possible to change the ways that those systems of lies work, to change the balance between their rates of robbery. It is possible to organize resistance to change what the path of least resistance is. However, it is NOT possible to stop there being entropic energy pumps.
The biggest bullies get to promote their bullshit, in ways whereby the controlled opposition groups actually end up operating inside of those bullshit stories. In my view, the only genuine solutions to the problems which were identified in both the article and your comment above are to perhaps develop better systems of organized crime, because human beings, and human civilizations, NECESSARILY operate as fractal patterns of the principles and methods of organized crime. However, our political processes have tended to become dismal failures, allowing runaway disequilibria to get worse, faster, because of the degree to which the biggest bullies' bullshit has become so totally dominate through every social enterprise from the philosophy of science to economics.
BOTH the established systems, AND the controlled opposition, are run by the best professional liars and immaculate hypocrites available, who promote the same false fundamental dichotomies, and related impossible ideals, which continue to cause the opposite to what they say to actually happen in the real world. In my view, one should go through the looking glass of our Bizarro Mirror World.
The basic concept should be SUBTRACTION, from which necessarily follows ROBBERY. There should be a limit of the degree to which we recognized the social facts that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, before we finally flip around the paradigm through which we were perceiving that. The genuine solutions are BACKWARDS to what almost everyone in both the established systems and controlled opposition groups are proposing.
The genuine solutions are nothing less than better death controls, in order to back up better debt controls. We should go THROUGH the realization that the government is the biggest form of organized crime, controlled by the best organized gangs of criminals, to accept how and why that is the real situation, and therefore, the only realistic resolutions to the chronic political problems inherent in the nature of life are better organized crime.
Citizens are members of organized crime gangs called their countries. To the degree that they do not understand that, then they become ineffective, incompetent members of that organized crime gang, which is the current situation, allowing the tiny groups of the best organized gangs of criminals to control the powers of governments, in ways which are robbing and defrauding the vast majority blind, while that is asserted as being done in their name, as by "We the People."
Of course, I perceive that pretty well 99% of the general public act like incompetent political idiots, or Zombie Sheeple, which is made worse by the ways that the controlled opposition is mostly Black Sheeple, whose bogus "solutions" are that everyone should become better Sheeple. Therefore, I have no good grounds to expect my kinds of solutions to be understood and agreed with by enough of those Sheeple. But nevertheless, that is the theory that I recommend: intellectual scientific revolutions, which result in perceiving politics in ways which are backwards to the ways that those problems are perceived now.
We already have the best possible system of organized crime, called civilization, that we are collectively able to operate at the present time. The only realistic resolutions to our problems are to develop better systems of organized crime. There already are combined money/murder systems, in which the debt controls are backed by the death controls. There can not be any genuine solutions which are not based on better death controls. The only good ways to improve the economic situation is to understand that economics is actually a subset of militarism, which is the supreme self-actualizing ideology. When people kill other people, that still operates through the principle of the conservation of energy. Our death controls should understand that better. The currently dominant basic philosophy of science, with its concepts of the conservation of energy, and increasing entropy, is based on understanding entropy backwards.
Entropy is the scientific Satan, as Energy is the scientific God. However, the philosophy of science has ended up being dominated by the biggest bullies' bullshit world view, which inverts and perverts everything, by subtracting the subtraction, without recognizing and admitting that, thereby creating a Bizarro Mirror World, where everything appears backwards. Hence, the false fundamental dichotomy between government versus organized crime, while governments are always the biggest form of organized crime, controlled by the best organized gangs of criminals. In my view, enough people should understand that enough, in order to more effectively respond, which response can NOT be based on the same old-fashioned false fundamental dichotomies and related impossible ideals found throughout all the controlled opposition groups, manifesting as various religions and ideologies established in the past.
In my view, those who believe that they have taken the "red pill" have not taken enough "red pills." Only after taking a sufficient overdose of "red pills" can one more fully appreciate the "blue pill" effects: the universe is already perfect.
For me it feels kinda like it did right before the end of the dot con era.
ground hog day.
Blue Pill has a 2015 expiration date, and will be wild until then.
There is no plan to raise interest rates.
(in fact, in a feedback control sense NIRP and ZIRP mean there is no positive control anymore in the economy, interest rate targets have never been this low and for this long)
So when Oil companies and finance collapse then all sorts of interest and lending rates will rise, unplanned.
Risk will become apparent and visible again.
Then like Volker in the 70's, and Russia now, emergency will force rates higher to attempt control.
Interesting 2015.
When all else finally fails,,, they take you to war.
No truer words spoken... but those that joke about this and their probable demise is whats scary.
As George Orwell pointed out, “First they steal your words and then they steal their meaning”.
The article states: “We have a beautifully paint by numbers Keynesian manufactured bandwagon more, and more are piling onto. The problem? There is no band! And that band is known as: A true, free market capitalist actualized economy to pull it”.
Free market capitalism (FREE from corporate monopoly) as defined by Adam Smith is dead.
As soon as a person realizes, as a reflective thinking individual, that covert brainwashing to control you and your thinking is going on; the trance of brainwashing is broken. It is the bankster fascist (merger of monopoly corporations with government) criminals that are doing the brainwashing via controlled mass media and controlled discussion and education.
The terms “Free Market” and “Free Enterprise” are both defined as “an economic system in which businesses can compete with each other without being controlled by government”; therein, lays the corporate monopoly brainwash.
Another corporate monopoly brainwash is the term “Capitalism”: defined as “an economic system in which property, businesses, and industry are owned by individual people and not by the government”. Again, the brainwash does not mention that capitalism is FREE from corporate monopoly in a competitive market environment which requires government regulation. Also not mentioned is that the Robert’s Supreme Court ruled that “corporations” are “individuals”.
Glass Stiegel and anti-monopoly government regulations were necessary after the Great Depression to restart the economy because the criminal banksters were out of control and crashed the economy.
The American Free Enterprise System of capitalism economy, which the American middle class was built on, does not even exist in reference sites like Wikipedia, Macmillan thesauseas and other research sites; it’s as if the American economic history from the Great Depression to 1990 did not exist.
The beauty of brainwashing is that intelligent people, that should know better, are led by group conditioning beginning in grade school to believe a false paradigm.
Guess I better clean the guns and water the vegtable garden more, maybe for fun I will recount my ammo supply, buy some more bullets in the morning.
i went along until 12/31. i am making the call that january will be the beginning of the realization that equilibrium in the form of falling equity value and another run at 3% mortgages is here. i don't believe it is going to be "the" crash but there is enough room on the downside to scare enough algos to sell in dramatic, lots of volatility fashion making the danger of some external event that tips the market into a crash real.
the underlying reason for my bet is the strength of the dollar and weak revenue numbers will crush earnings across the board(except biotech).
here is a relevant story. dad knew the end was near when nixon went off the gold standard. he knew it would end in a crash as bad as the depression. he thought the time was right at the end of the 70s and the volcker crash was it. as it turned out he wasn't right until 2008. he died in 2009. i am glad he saw his prediction come true finally.
he reminds me of all of us who know something bad is in the wind but we don't have a clue as to when the storm will hit. it could be tommorrow or 20 years from now but it always seems imminent.
"This disgusting bloated behemoth of an adulterated Central Bank infused market is now getting downright scarier."
Which is why Yellen et al. are panicking with the re-introduction of Audit the Fed by Congress. You can't have peace and prosperity forever in the grand illusion if the details of the machinations of theft are disclosed to the unwashed sleeping masses
The 'cartel' acts in concert because that's how 'cartels' work, Z/H. The prospect of some sort of 'admission of guilt', on the part of central planning, is non-existent because of the need for a 'plausible deniability' in order to have a functional cartel, is obvious. Cartels don't work when some of the participants unilaterally decide to get religion and opt out of the agreed upon frauds of the cartel. The 99% don't go along with the fraud of the cartel because they are not incentivized like the participants involved in the frauds. The exact same biases were evident before the 1929 crash. The buck stops March 10th 2015 @ 11:00am New York time and then the members of the cartel will start whistling another tune entirely. Frauds based upon frauds will always lead to more frauds until everyone finally dies and there are no more frauds to maintain.
NOTE: Next up the cartel will propose a basket of frauds through the World Bank & IMF.
Obvious obvious is obvious.
Obviously.