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$30 Trillion, Bitchez!
i wish the phucknuts that be would just let the system reset already. my popcorn is getting stale.
Get melamine popcorn. No best-by date.
I highly recomend Harveys turnover, it's always crispy, rain, fog whatever it is. Probably is good after 1 year and delivers fruity vitamins to your system, as good as popcorn + vitamins.
all that debt, needing to grow, needing to be serviced and nobody can do it.
It is stunning anyone is still trying.
Service=Pay the monthly.
Service=Politicains in kneepads trying to keep bankers in the money so that the gravy train does not stop.
Service=Serve us, debt slaves. Work your job, take home your check, give it to us, all for shit we have convinced you that you need which you really don't.
Service=Serve vices. All your habits are belong to us. American Idol, NASCAR, football, booze, drugs, video games, whores, serve all your vices because it's all you got to live for.
Are you not entertained?
I wasn't cheating, honey. I was merely rehypothecating your dowry.
Can anyone pronounce that fucking word?
I have hippopotomonstrosesquippedaliophobia so no I can't .....
Ahhhhh.....classic. Can't decide if that is s joke or for realz!
Shadow banking is merely a euphamism for Black Money. Seriously, just replace "Shadow Banking" with "Black Money".
Suddenly all this reads better, puts all the suited criminals in their true light and since we all know that the Black Money game is far huger than the white one, gives us a sense of scope and danger of the Black Money System.
Seriously folks, labels are important.
The 30 Trillion problem at the heart of the Black Money System.
Yep, you need Mary Poppins.
Ahh, a serial junker who doesn't understand debt dynamics. Funny.
Great stuff MsCreant I especially liked "All your habits are belong to us". Very apropos in a list that includes video games.
OT. Fast Money Interview: James West of the Midas Letter
He gets some serious licks in. US interests manipulating the paper gold market. 4000 contracts sold in the wee hours last night. Fiat money going to zero value. There will always be a buyer of physical gold. Melissa Lee cut him off abruptly because he KO’ed the entire Fast Money BS-er crew.
lots of US Banks in "the City".............more than i would have thought.....
"There are 110 banks in the City owned by France and Germany which could be caught up by the tax. Most of the 1,117 foreign banks and financial services firms in the capital are US-owned."
@ Pegasus: If you look at the transcript of the clip, any references to "fiat" currencies have been removed. Ditto the entire section where James talks about vested interests who shorted 4000 gold futures contracts during HK trading hours. Amazing!
That is wild. Where are our resident anti-gold shills and or apologists for fiat manipulation? Hmm, please justify this NON-conspiracy. *chortle*
actually you have (accidentally) just stumbled on to a far greater problem than "the shadow banking system." Where the system breaks down is when lending growth seizes up. In the US it's growing about 2 percent a year which is at best...ahem...ANEMIC. In Europe i guarantee it's negative. If loan growth turns sharply negative...and so far we have the perfect storm of policies to create just such a perfectly disastrous outcome in Europe...then that would be the precursor to a start of a massive bank run as "i don't trust your country with my money" is writ real.
already happened - some 50% of lending from US banks & funds to EU banks & funds was retracted in the last months
collateral damage: the FED "realized" the Europeans could sell off the US assets in the same measure (they were partly funded by the USD loans)
hence the direct lending in USD through the CBs
@TimmyM Have you not coined a new word? I believe you have. You might go enter it into the Urban Dictionary. De-hypothecation. Indeed, that's what it will be. BTW, for those wanting to know how to pronounce it, I figure the syllables break down like this: De-hypo-the-ca-tion.
Dehypothecation: (Verb) To cash out of one's financial assets and exchange them for real assets. See also (BEANS, BULLETZ N' BULLION, BITCHEZ).
Dehypothecation?swab mouth offshore swapfx short covering bund hedge ABACUS Bitchez aka jello banking___ tagline once
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
Srsly. Fucked if it happens around Dec 2012 too. People will lose their shit.
no... the ones that will freak out have no wealth... those that freak out will say ...well HOW could the canadian dollar be an impact to me.
completely ANONYMOUS... my house was hoarded with y2k in 1997 supplies form my uncle... bubbles move."brilliant guy that got crazy yet worked for GS...moved mbs...cdo2...for years since inception...the house of cards will fall.. but a new house will be built".....on quicksand...but whatever...crouds think strange things... he knew meriwether and kinsella and neiderhoffer...be a neiderhoffer..open ...your...fn...eyes
Eyes wide open now. It's time to call the ball.
Pretty simple really I think, shitty yes but an old saying I like is this, if it smells like shit, taste like shit, then just shove it out into the sunlight.
Pretty soon the shit that is in the sunlight, if it looks, taste and smells like shit, let the sunlight burn on it for a bit.
Soon. 2012 = the end
As long as Bernanke has a printing press, does it really matter how fucking high the number is, if the world goes along with the game?
To a Skewes' number and beyond!
If the world goes along... It will and it wants too, like a beaten wife willing and able to jump o n the cop's back handcuffing her abuser. Most people will take the blue pill without a doubt and that is why this will take much longer. Forget finance concentrate on psychology if your interest is timing.
I haven't seen the Tylers post this link, but in the most recent AC 2011 Session, Kyle Bass kind of touched upon this rehypothaeklajklation stuff starting at 42:00.
what do you mean?
Kyle LOVES the Comex.. and he Loves how his Gold was spread out all over the place.. and he really does trust in Price controling the deliverable amounts of Gold!
$80 Billion Trading in Paper Gold.
$2.7 Billion in physical, before Kyle took his $1 Billion which ='s $1.7 Billion v $80 Billion!
Dont worry the price of Gold will drop as Credit Markets Freeze.. as Martial Law is enacted.. but the real question people skip when yapping about the price (of Paper) Gold going down forth coming because of the European Crash.. is where or who is selling real physical at that lower price?
Dont get me wrong! I will be looking for those people dumping Physical Gold or Silver! and buying..
But I dont think that there will be a retail or reasonable amount of physical metal trading at low prices during Martial Law Time Periods.
Travis you wanna try and take a wack?
Who will be selling? Sovereigns...for many reasons, not the least of which will be to keep prices down AND get cash they need for liquidity in the fiat system they absolutely believe in. Worse comes to worse, they'll just try to steal it back from those stupid enough not to dump it over the side of their boat. Government-sponsored brokers (and run of the mill idiots) will still be offloading, IMHO. But, if not....that's why I have 40% of my desired position already.
Tyler posted it. I was #302. It's now over 60,000. Zero Hedge's public service announcements work.
Holy fucking shit.
The giant vag
the diagram looks like a squid. It's Goldman Sachs.
It's not what the diagram looks like but what the motivation is to blow a $30 trillion dollar line of smoke
It looks like a whale to me. What you need to do is shed the bottom 20%, that will make things better. Then, shed the next 20% ad naseum until there's no customers, and thus no profit, left. Oh wait, wrong decade...its a squid.
The biggest Pyramid in all human and alien civilisation history....Keyneses Pyramid.
This is not the virgin you're looking for.
Great Chart. I want the T-Shirt!
Drink up.....Aint' no party like a counterparty !!
I need a break from all this heartless and self-serving financial conniving.
I think I’ll go do some good and donate a toy for some poor impoverished child.
Charming idea. It's all about the little kiddies at Xmas.
You'll shoot your eye out kid...
Time to give a slug to the local foodbank and health clinic. Time to give a kid a toy. They may take our money, skull fuck our future, but they can not take our humanity, were fucking better than that.
Like a East coast counterparty cuz a East coast counterparty don't stop! All the banksters in the house say YEAH....YEAH.
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