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And On With The Great Game

Tyler Durden's picture




 

From Mark Grant, author of Out of the Box

The Great Game

It is the Great Game. They try to lure you into their various traps; I try to keep you out. They offer headlines from countless sources and I try to tell you what things really mean. They make use of a giant propaganda machine and I chant alone in the wilderness. They make up stories and present them as accurate data and I try to give you the facts. They want your money and I want you to “Preserve your Capital.” They are as diabolical in their pursuits as Professor Moriarty was in his. They are the political masterminds and I am a sort of Sherlock Holmes trying to analyze and conclude one case after the other. You may listen or you may not but I pay for my own supper while others ask for their compensation first. It is their Game, my Game; it is the Great Game.

“Has all my instruction been for naught? You still read the official statement and believe it. It's a game, dear man, a shadowy game. We're playing cat and mouse; cloak and dagger.”

 

                                           -Sherlock Holmes, A Game of Shadows

 

The Great Game is not played by just being right; that is only the first part of the equation. Being right is fine for academicians and the like but not for our participants. The second part of the equation is to win. We play to win. I never play to come in second best or just to play for the sake of the sport. That is not what I do; not what we do. Some of you have time horizons that are the length of the day; that is not mine however. I look out, past the shadows, past the trees and out into the mist. I define the future by where I have been and almost four decades has given me plenty of time to have seen the twists of fate; much less the road. An astonishing amount of the win is the observation and the learning from the losses that have taken place.

Greece

Greece is buried and cannot survive in the chains that bind it. To be fair it is only partially the fault of Greece that the situation has gotten to this point. Greece took advantage of the European Union no doubt but the rest of the countries in Europe allowed Greece to keep borrowing and both sides are responsible for the fact that Greece is now behind the eight ball. Both sides should be ashamed. The chains can be removed but if not; one political party, another political party and she will sink into the Hellenic Hades of old. Anything short of this including the lengthening of terms will result in failure. Too many stones hold her down and she is sinking under the weight of what has been demanded either in terms of retribution or a well-intentioned blade meant to help that has severed her major artery. It is to be debt forgiveness or default and the resulting chaos I fear as there is no other prescription left for this patient. The ball is in Germany’s court now; relinquish or face defeat in Greece. Relinquish and face defeat at home. This is the eye of the hurricane. This is the Catch-22.

When it comes to Greece there is one word and only one word that makes any difference and that word is “Default.” Europe cannot afford it. The country has $1.3 trillion in total debt and a vast amount of it now resides at the ECB either in direct sovereign obligations or in securitizations where loans, asset-backeds, mortgages et al have been guaranteed by the banks, all of which are bankrupt and being supported by the EU or by the sovereign which has the same credit quality as a beggar on the streets in Calcutta. All that the Greek elections did really was to provide a slightly more friendly negotiator than the opposition but the numbers speak for themselves and they are unsustainable. The EU made the private bond holders pick-up part of the tab while lending Greece $35 billion more than was written off. Debt paid off with new debt; an old story and almost always the same conclusion. So, Berlin, fourth down and punt.

“You are familiar with Schubert's work? The Trout is my favorite piece. A fisherman grows weary of trying to catch an elusive fish. So he muddies the water, confuses the fish. It does not realize until too late that it has swum into a trap.”

 

                                          -Professor Moriarty

Spain

Bad loans at the Spanish banks are now 8.72% which is the worst number since 1994 and probably vastly understated as many loans are carried at face value as they are securitized and dumped into the ECB. Just the revealed amount equates to $6.1 billion which is -$73.2 billion on an annualized basis and will probably be worse than that as the Spanish economy deteriorates. The Spanish ten year exceeded and has held a yield of more than 7.00% this morning. The country cannot afford to pay off their Regional debt, their bank debt and various schemes to avoid the Men in Black from taking over will not work nor will the pleas for “more Europe” as the words mouthed by Germany are meant for placation only and will not find implementation in any kind of timeline that will make any difference. You can bank on one thing if nothing else; the Germans will not allow their cost of funding to rise or their standard of living to decline to help the nations that have gotten themselves in trouble. You can count on this!

Fire Walls

This whole subject is a ruse in my opinion. Think of horses in a coral. The rancher keeps trying to build a higher and higher fence around his horses but for what purpose? For the rancher it is to keep the wolves out. In our particular case Europe claims it is the speculators, the bond vigilantes and so forth that are trying to raid their nations but this is obviously not what is going on at this point; we are far beyond that now. What the real problem is that the horses are sick, infected and that the disease of fiscal mismanagement has spread to virtually every horse in the coral except one and do not expect that one, Germany, to remain disease free much longer. Europe is seeking a solution to a misdiagnosed problem and their powers of observation are more than dismal so that the proposed solution will have all of the effectiveness of using a band aid to stop a heart attack. You can call cancer a cold if you like but it changes nothing; not one thing.

 

Dr. John Watson: You're drinking embalming fluid.

Sherlock Holmes: Yes. Care for a drop?

 

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Mon, 06/18/2012 - 08:32 | 2535910 mrktwtch2
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i see a bad moon a rising..i see trouble on the way..

Mon, 06/18/2012 - 08:41 | 2535934 idea_hamster
idea_hamster's picture

c

Mon, 06/18/2012 - 08:43 | 2535943 battle axe
battle axe's picture

I have said it 15 times on here, Greece Default!!!!

Mon, 06/18/2012 - 08:59 | 2535977 CPL
CPL's picture

Unless you want the entire pension scheme to collapse.  By the entire pension scheme, I mean all of them.  This is a winner takes it all situation as the author states.  Take the opportunity to get better prepared for the eventual tits up.  Meanwhile all of our governments will attempt to nail down any citizens rights and roll them back to slavery...that is if you owe money.

 

If you are above water, out of the debt hole and have something of value in terms of trade and skills., believe me people will be beating a path to your door.

Mon, 06/18/2012 - 09:13 | 2536007 BigJim
BigJim's picture

 If you are above water, out of the debt hole and have something of value in terms of trade and skills...

... then the people beating a path to your door will be tax collectors.

Debt is the place to be; for you will be in the majority, and our banksters need the pretense of 'democracy' to be able to continue to skin the populace behind the facade of 'our' governments.

They won't give us a jubilee. That would erode their power. They will inflate and tax the middle to preserve as much of the current wealth differential as possible.

Mon, 06/18/2012 - 09:58 | 2536086 CPL
CPL's picture

Depends if you want to be under the thumb or not.  Tax collectors will have the same problems as the population at large.  Think they aren't up to their eyeballs in debt?  Of course they are.  They ALL are.  Why do you think they stay in jobs they detest?  It isn't for the fun of it.

 

Makes them easily manipulated and used like chess pieces.  Debt is slavery.  If the man coming to collect the taxes is beholded to someone, it's only a matter of time to discover who his soul belongs to and buy their debt.  Everyone that has debt has their ass hanging out and a price.

 

If you don't owe anything, what can you be pushed around by?  Take your home?  No you own it. 

Money?  If you have silver or gold, you don't have to care.  There always has been a market for it, it's not going away anytime soon. 

Health?  If you take care of yourself, you can prolong the inevidible. 

Future?  You've got a cock, learn how to use it and manage it or too mouths for too little resources happens.

Community?  Leave your house and get involved in society that needs a hand.

Food?  See above...or get planting yourself.

 

This method seems to have worked for humanity for the last 8000 years.  Don't see how it fails now.  Our ancestors have been through countless numbers of currency, fiat or otherwise, governments by the thousands.  Yet here we all are because of the above prescription for human survival.

If I missed something let me know.  Otherwise, while governments are acting like loons, head down, shut up and stay out of the way.

 

Mon, 06/18/2012 - 10:09 | 2536122 mickeyman
mickeyman's picture

Sadly, you won't own your home. The land taxes will be jacked up on it until you are enslaved as well. Plus, it isn't very portable.

Health, PMs, food, community are better.

Mon, 06/18/2012 - 10:39 | 2536178 CPL
CPL's picture

Historically it's the guy with the gold that becomes the landlord after the "switch" overs in the past. 

How do you keep it?  You act like an asshole.  You act like the landlord.

Mon, 06/18/2012 - 10:46 | 2536192 FeralSerf
FeralSerf's picture

Confiscatory taxes took away many farms in the last great depression as well as the owners' savings including their PMs.  The same thing happened in the South after the War Between the States.  They also destroyed communities as well.  It's not easy to maintain a food supply when your means of growing it and/or storing it are taken away from you in the sheriff's sale.  The bank gets it all.

Tue, 06/19/2012 - 03:48 | 2538713 Western
Western's picture

What a cunt, I can't believe you got upvoted.

 

If the king came to take your land 400 years ago, the entire county would be in an uproar because nobody has the right to remove you from your dwelling. It seems you and the rest of the American nation has been brainwashed into believing it's completely legit that the state is the landlord of all landlords. This isn't the case, go educate yourself and avoid getting educated by lawyers.

 

"boo hoo the military will come and remove me", yeah maybe...

Mon, 06/18/2012 - 10:03 | 2536107 Hugh_Jorgan
Hugh_Jorgan's picture

This story always ends the same way, only this time it's global in scale.

Mon, 06/18/2012 - 10:47 | 2536198 The Big Ching-aso
The Big Ching-aso's picture

 

 

We're on the global verge of implementing Krugman's Grand Unified Theory of Economic Bullshit. 

Mon, 06/18/2012 - 09:01 | 2535980 dbomb12
dbomb12's picture

The problem today is instant gratification. the underlying problems still exist and will continue to get worse

great article from THE ECONOMIC COLLAPSE

http://theeconomiccollapseblog.com/archives/forget-the-election-results-...

Mon, 06/18/2012 - 09:42 | 2536066 ITrustMyGut
ITrustMyGut's picture

selfishness.. self centered-ness...  instant gratification..

those are a agenda created condition. search for and watch "Centry of Self" pt1 "happiness Machines"  BBC documentarty from 90's about Bernays...

the populace is just as much victimized as it is at fault... this condition.. is not accidental...

Mon, 06/18/2012 - 09:57 | 2536091 AGuy
AGuy's picture

"The first one is free, said the drug pusher", Although in the world of credit and finance is the banker and the salesman that does the pushing. 40 to 50 years ago, most purchases were done with cash. That changed over time, when businesses realized that credit make the unaffordable into instant affordablity. Salemen push consumers to buy stuff on credit instead of saving for purchases. After 40 years of refinement, and re-education the public has been brainwashed into the current system

Mon, 06/18/2012 - 13:00 | 2536628 jumbo maverick
jumbo maverick's picture

Diner's Club hey just charge it. What could go wrong it's only two dinners.

Mon, 06/18/2012 - 08:45 | 2535946 idea_hamster
idea_hamster's picture

[^Comment edit fail.]

"You can call cancer a cold if you like but it changes nothing; not one thing."

Well, it certainly changes the behavior of the patient over the last period toward death.  If you think he will panic and pull you under as well, telling his all is well (or nothing at all) may make things better for the doctor.

http://en.wikipedia.org/wiki/Babe_Ruth#Health_complications_and_death

Mon, 06/18/2012 - 09:15 | 2536014 mess nonster
mess nonster's picture

This is a game. I play to win. Despite my fifth-grade vocabulary; my instinctive command of hackneyed phrases and my dog-eared copy of Doyle will carry the day. Do you not believe i am a force to be reckoned with? Well then. YOU try to get a posting on ZH! Ha-ha- Ha HA HA HAAAA!!!

Mon, 06/18/2012 - 08:53 | 2535958 El Oregonian
El Oregonian's picture

Well, don't go out today... Don't go out and play... 'cause there's a bad moon on the rise...

Mon, 06/18/2012 - 08:56 | 2535968 azzhatter
azzhatter's picture

and from the great Joe Walsh in "Lifes been good"

How can you leave when you can't find the door

Mon, 06/18/2012 - 09:05 | 2535989 LoneStarHog
LoneStarHog's picture

Tell Senator Jim DeMint to get off his knees and pull his pants up and the moon will go away.

Mon, 06/18/2012 - 09:47 | 2536071 Henry Hub
Henry Hub's picture

It didn't take long for the Tea Party darlings to turn whores and sell out. Pathetic!

Mon, 06/18/2012 - 10:09 | 2536121 Hugh_Jorgan
Hugh_Jorgan's picture

People who venture to play politics these days are those with certain moral indifferences. They call themselves by lots of different names but the human condition that they are manifesting is always the same, especially in an empire society that at it's peak and ready for the big decline.

Looking to the law of the creator is the only solution but that takes time. Time we don't have...

Mon, 06/18/2012 - 09:30 | 2536043 Ar-Pharazôn
Ar-Pharazôn's picture

you must be really new of ZH from what you say :P

Mon, 06/18/2012 - 10:10 | 2536124 falak pema
falak pema's picture

Proud Mary...

Mon, 06/18/2012 - 08:39 | 2535926 falak pema
falak pema's picture

is this your best effort at defining the great game?

The hounds of the Baskervilles would laugh out loud before eating your heart out. 

You never look beyond the tip of your nose of surrogate sleuth for the... banksta cabalists? Lonely hearts choir band? Yellow submarine club? Sally met Fred club? Looking desperately for Susan league? Pandora's sweetheart club?

Mon, 06/18/2012 - 08:45 | 2535947 DaddyO
DaddyO's picture

 

Agreed, opinion piece yes, short on facts, players and solutions. Any reader of ZH can identify the players, post countless graphs and offer myriad solutions, hell Tyler has been posting all the above for quite a while now heh...

DaddyO

Mon, 06/18/2012 - 16:48 | 2537377 macholatte
macholatte's picture

 

Mr. Grant:

Maybe this time you have fallen into your own trap.

 

Can you say this:

They make use of a giant propaganda machine and I chant alone in the wilderness.

 

And then give them an excuse weasel out of their lies by saying this:

 

Europe is seeking a solution to a misdiagnosed problem and their powers of observation are more than dismal….

 

If one buys your original premise then the conclusion can only be that nothing has been misdiagnosed and that the propaganda machine is alive and well. Perhaps the underlying truth is that the politicians are just a bunch of self serving fuck-ups who seek to remain in power and remain personally liable for nothing. Start there and watch the mosaic come into focus. It could be that simple.

 

The can shall be kicked!

"So let it be written. So let it be done."

Mon, 06/18/2012 - 08:38 | 2535927 fonzannoon
fonzannoon's picture

I see this going on forever

Mon, 06/18/2012 - 08:43 | 2535942 valley chick
valley chick's picture

repeat after me....Italy.

Mon, 06/18/2012 - 09:00 | 2535978 falak pema
falak pema's picture

do you like fettucini au pesto?

Fettucini con Pesto alla Genovese | Jamais Trop

Mon, 06/18/2012 - 09:18 | 2536020 LeisureSmith
Mon, 06/18/2012 - 08:38 | 2535928 q99x2
q99x2's picture

Markets down on Greece bailout.

Mon, 06/18/2012 - 08:47 | 2535950 Ivanovich
Ivanovich's picture

Markets are down because pro-bailout party winning means no Benny Bux.

Mon, 06/18/2012 - 08:40 | 2535929 Obadiah
Obadiah's picture

Still think these clowns   satanists can and will extend, pretend and print to infinity, which my best guess means fiat as we know ends in 7-10yrs?

Mon, 06/18/2012 - 09:02 | 2535982 Impotent_Smurf
Impotent_Smurf's picture

They'll be lucky to get through 2013 I think.

Mon, 06/18/2012 - 14:39 | 2536965 Papasmurf
Papasmurf's picture

That's not smurfy!

Mon, 06/18/2012 - 09:20 | 2536025 Cruel Aid
Cruel Aid's picture

Over somebodys dead body.

It is a cycle and we are in the reset phase.

Maybe they ban paper in 10 years. That would solve a lot of tax revenue problems.

Mon, 06/18/2012 - 11:51 | 2536386 hidingfromhelis
hidingfromhelis's picture

Over a lot of dead bodies.  When economic conditions deteriorate, a suitable scapegoat will have to be identified and war declared.

Mon, 06/18/2012 - 08:40 | 2535930 Alejandrito
Alejandrito's picture

The integration of the european union does not seem likely to do well.

Or the Germans know something the rest do not know, or have overestimated the capacity for sacrifice and transfers the southern countries.

It is clear that Germany will not give its AAA for the rest of PIGS if getting your tax sovereignty, but at a pace that is producing this, the road will be increasingly harder.

 

http://agstock.blogspot.fr/

Mon, 06/18/2012 - 08:41 | 2535937 Silversem
Silversem's picture

There certainly is more trouble on the way. But trouble can also be very profitable! I use CFD trading to make money of it.

Mon, 06/18/2012 - 08:42 | 2535938 Mike in Tokyo Rogers
Mike in Tokyo Rogers's picture

I'm happy to see that gold isn't skyrocketing. Losers like me need all the extra time they can get.... I buy when I can... Which is not often. I hope the prices stay down for at least a year but suspect that time is running out faster that anyone imagines.

Mon, 06/18/2012 - 08:48 | 2535954 Wakanda
Wakanda's picture

Mike FWIW, I never consider you a loser.

Rock on MiTR!

Mon, 06/18/2012 - 09:30 | 2536042 RoadKill
RoadKill's picture

You could buy call options on gold to allowyou to buy at today's prices in the future.  I guess the problem with that is the only reason you are buying gold is because you don't believe in options....

Mon, 06/18/2012 - 18:20 | 2537653 Alpha Monkey
Alpha Monkey's picture

Tell that to all the people that had MF global gold futures waiting for delivery... just before it crashed.  I believe in the corruption of the system, and I believe that when I hold gold in my possession, that i have my wealth in my hands.  Let any exchange fail, my gold is right here, not being rehypothecated or lost in bankruptcy court.  Some day, when the markets become cleaner, I will return more of my capital to the paper markets.  Thankfully, my gold will outlast any paper turmoil.

Mon, 06/18/2012 - 08:42 | 2535939 LeBalance
LeBalance's picture

"the only way to win is not to play." - War Games

Mon, 06/18/2012 - 08:52 | 2535960 daily bread
daily bread's picture

Or the James T. Kirk way:  change the rules of the game.

Mon, 06/18/2012 - 10:52 | 2536208 FeralSerf
FeralSerf's picture

In the current Grand Chessboard game, one of the rules is: the rules can change at any time.  The livestock mostly don't have the resources, like the herds' owners do, to change the rules, though.  They can only chase them.

Mon, 06/18/2012 - 08:42 | 2535941 ptoemmes
ptoemmes's picture

I'll bet Tyler Durden could kick Sherlock Holmes' ass.  

No shit Sherlock.

Mon, 06/18/2012 - 08:48 | 2535953 DaddyO
DaddyO's picture

Where financial sleuthing is concerned, yes!!

DaddyO

Mon, 06/18/2012 - 08:46 | 2535948 Wakanda
Wakanda's picture

 - Game on FiSHeS -

Mon, 06/18/2012 - 08:47 | 2535951 Stock Tips Inve...
Stock Tips Investment's picture

Each week, the situation in Europe deteriorates more. The numbers are getting worse and needs are greatest. By this I mean that the magnitude of the economic crisis in that part of the world seems to be much more than what is mentioned. Additionally, European authorities are taking "too long" to implement measures that would allow them to "stop" this situation. This ends up being very negative combincion, leading to the threat of a great depression. I think they are very bad times and it is our obligation to prepare to face them.

Mon, 06/18/2012 - 08:47 | 2535952 InsurgoCasca
InsurgoCasca's picture

Bullish.

Mon, 06/18/2012 - 08:49 | 2535956 somethingelse
somethingelse's picture

not to be a stickler but corral has two "r's" 

Mon, 06/18/2012 - 08:56 | 2535967 Spastica Rex
Spastica Rex's picture

Faill.

Mon, 06/18/2012 - 09:02 | 2535981 falak pema
falak pema's picture

now say that without your pipe in your mouth! 

Mon, 06/18/2012 - 08:58 | 2535966 Stimulati
Stimulati's picture

The irony of ZH's Tyler Durden is that Fight Club was anti-consumerism, anti-advertising, and essentially anti-corporate.  ZH is basically anti-government.  Who stands more to gain from the demise of government than corporations?  ZH chose Tyler Durden as its pseudonym basically because ZH thinks Brad Pitt is cool.  Nothing else.  ZH clearly doesn't understand the movie. 

Mon, 06/18/2012 - 09:07 | 2535994 InsurgoCasca
InsurgoCasca's picture

Brad Pitt IS cool, sucker!

Mon, 06/18/2012 - 09:09 | 2535999 Stimulati
Stimulati's picture

Oh, I agree with you there.  Kevin Spacey is cool too but I didn't name myself Keyser Soze.

Mon, 06/18/2012 - 12:33 | 2536518 SeanJKerrigan
SeanJKerrigan's picture

I wrote a little something about Fight Club a few months back.  You might like it.

 

One of the things I often hear about it is how “overrated” it is. Often this comes from my idiot friend who’s often trying to impress others with his edgyness, but what really bothers me is the condemnation that comes from the elite.  They say the movie is far too violent, fascist, and ultimately pointless dribble. Vapid philosophical nonsense. Certainly nothing of value here.  No “useful truths.” Could it be that someone writing for a major metropolitan newspaper who gets paid double the median income might not be the best judge of what is essentially a study of social problems among regular people?


I’d argue that if anything, it’s more relevant now than ever. I’m sure most people here would agree. The narrator’s primary affliction is that he’s can’t sleep, but he states “you’re never really awake,” a pretty simple metaphor for seeing the world in the wrong way.  Other themes include the corporate distribution of power (and therefore responsibility) for immoral actions, man’s desire to be non-feminine, having the ability to control your life and to provide for yourself, and of course, the central theme of the entire movie, so important that the movie begins and ends with it, the concept of debt. Its an invisible enslavement of our whole society, mental and physical. It’s something only briefly discussed explicitly, but its the central theme.

 

Tyler Durden’s solution is to move everyone under one roof where they philosophize, read, work and regain their independence.  This wasn’t lost on me after thinking very intensely about Occupy Wall Street for the last few days and how those people, whether they realize it or not, are striking out not just against their government or the banks, but personal and mental enslavement.  So much of what they are protesting about is debt based.  Financialization, the preferred tool of neo-colonial oligarchs.

 

Mon, 06/18/2012 - 09:12 | 2536001 adr
adr's picture

But the corporations are 100% reliant on the government to function. Take away benny bux, corproate welfare, lax accounting rules, and politicians to bribe so they make laws that benefit bankrupt monopolies, and what do you get?

Do you really think you could get the Dow to 13k without the help of the government?

True production principals of supply and demand would put the Dow somewhere near 5000 points. The rest is hypothecated, leveraged bullshit. As in not real.

Mon, 06/18/2012 - 09:25 | 2536032 Stimulati
Stimulati's picture

It's true that in this era corporations have done to government what Tyler Durden did to the Ed Norton character.  But that isn't always true and doesn't have to be true.  Government can act as a check against excess.  Just look at the cleaner skies in Southern California as evidence.

Mon, 06/18/2012 - 09:52 | 2536080 LongSoupLine
LongSoupLine's picture

Yeah, but look at everything else about California to see how government fucked it up. You're the one who "clearly doesn't understand".

Mon, 06/18/2012 - 11:00 | 2536224 Stimulati
Stimulati's picture

California is very wealthy.  The state gets back from the federal government about 86 cents for every dollar payed in.  That is money that goes to poorer states in the union.  If California got to keep that 14 cents it would have budget surpluses.  California is like Germany paying Greece (Alabama) and therefore having debt.

Mon, 06/18/2012 - 13:18 | 2536689 tongue.stan
tongue.stan's picture

If California expelled half the illegal population it would have budget surpluses.

Mon, 06/18/2012 - 09:12 | 2536005 tiger
tiger's picture

Seems you clearly missed that point in the movie maggot: "You can run water over your hand and make it worse or you can use vinegar and neutralize the burn." But parables are tough to get huh?

Mon, 06/18/2012 - 11:55 | 2536401 Diogenes
Diogenes's picture

The corporations are the government. Try to keep up.

Mon, 06/18/2012 - 12:35 | 2536540 Stimulati
Stimulati's picture

See my post at 9:25 - an hour and half before yours. 

Then you try to keep up.

Mon, 06/18/2012 - 12:08 | 2536441 blunderdog
blunderdog's picture

    Who stands more to gain from the demise of government than corporations?

Individuals who don't survive on transfer payments.

Certain corporations will gain, but many of them are ALSO dependent on government spending.  They'll suffer dramatically.

Mon, 06/18/2012 - 08:56 | 2535970 Stuck on Zero
Stuck on Zero's picture

The alternating good news and bad news drives the market well.  For the TPTH insiders this is the golden cow for getting rich.

 

Mon, 06/18/2012 - 08:58 | 2535971 eigenvalue
eigenvalue's picture

I wish I could have such well-developed muscles. Every time I look at my spare tyre, I feel ashamed.:(

Mon, 06/18/2012 - 10:48 | 2536200 viahj
viahj's picture

funny that you call it a "spare" tyre and yet don't think of it as spare energy.  a modest amount of fat reserves will come in handy, especially if you need to cut your coloric intake by 50-66%.  we stock up on gold, ammo and food, having a little extra fat reserves is good as well.

Mon, 06/18/2012 - 08:58 | 2535974 bagehot99
bagehot99's picture

Here's a little snippet of useful information: Ex-EU dignitaries are contractually prohibited from saying anything negative about the EU, on pain of pension-removal. Now why would any organization need such a draconian provision to muffle its ex-employees? Because it's a house of cards, and it cannot withstand ordinary scrutiny and criticism. If the EU is so weak and paranoid, how much faith can anybody have in its fiat currency? Timing is all, of course, but ultimately getting ultra-short the Euro will make you rich.

 

Mon, 06/18/2012 - 09:03 | 2535983 adr
adr's picture

The sad part is that it has become nothing but a game. The unproductive rely on the game, because if it ends they really have nowhere to go. They would also become the new beggars, please take my Bentley for a nice steak.

Unlike the past where a productive person could become wealthy through hard work, today the most unproductive are grabbing the mot wealth. Has Mark Zuckerberg actually done any real work for his billions? His wealth is 100% based on hype. With 900 million users his company made $1 billion in profit, and who knows if that was accurate. Yet his personal fortune is worth at least 10 times what his company can actually produce. Did Mark actually program Facebook? Does he actually sell the ad space? Does he personaly approve the selling of user information? What did the guy actually do that could be considered productive labor?

The world is stuck in an endless game of Monopoly. It isn't real but the players are deeply invested, all trying to win. There is the guy buying up every property so you are forced to pay him, the guy who puts four hotels on one property so if you land there you are bankrupt, the asshole with all the cash who won't buy, and the guy with three get out of jail free cards.

Meanwhile, the kids are all yelling because they are hungry, the pizza man has been sanding outside for an hour waiting to be paid, the fire in the living room has gone out, and the giant dookie somebody left in the toilet clogged it up letting water run all over the first floor of the house.

Nobody notices the important things because they are too focused on the game, with its fake wealth creation and determination to win. Because having a huge stack of funny colored money is far more important than what the neighbor just did, hearing the kids yell and the pizza boy pound on the door. He paid the pizza boy, fixed the toilet, and relit the fire. He yelled at all the assholes playing the game, and wasn't aknowledged, a couple players were out of money trying to convince the guy who hoarded all the cash for a bailout, "I'll give you Boardwalk for $200". Next time the neighbor probably won't help, and he'll dance a happy little dance when the raging fire burns down the house.

Mon, 06/18/2012 - 09:59 | 2536097 RoadKill
RoadKill's picture

Yes ideas have no value, we should all be farmers and miners!

Every one of you that is aligned against the “money changers” (bankers, investors, traders) have a very Medieval view of the world and the economy.  Capital markets create significant value.  They allow massive amounts of labor, materials and equipment to be mobilized to realize IDEAS.  The role the money changers are SUPPOSED to play is to figure out which ideas are good and which ones are bad - to maximize the capital allocated to the good ideas and minimize the capital allocated to the bad ideas.  This is ideally done through a process of staging.

Let’s say you have 1mm ideas and $10 trillion of capital to allocate.  In round 1 you allocate $1bbn and supply each idea $1,000.  HOPEFULLY if more money changers think an idea is good - it gets more capital and HOPEFULLY this means the products and services the idea provides are in more demand by society.  Likewise bad ideas HOPEFULLY receive less capital.  But let’s just say everyone gets the same $1,000 in round 1.

In round 2 we rerank the ideas based on RESULTS and cut the bottom 90%.  Now we allocate $10bbn to 100,000 ideas = $100,000 each.  Round 3 takes us to 10,000 ideas and we allocate $100bbn = $10mm each.  Round 4 = $1 trillion to 1,000 ideas = $1bbn each.  By the time we get to the 100 ideas that work – we have spent just 11% of our capital.  We have $8.889 trillion left to divide among those 100 GOOD ideas = $88.89bbn EACH.

Now let’s look at how it works without capitalism.  When we let the government decide how to allocate capital they narrow the 1mm ideas to 100,000 based on politics.  At best we lose 90% of the bad ideas AND 90% of the good ideas.  The government then gives $100mm to each remaining idea.  Only 10 of the ideas work – meaning we have invested $1bbn in good ideas and $9.999 trillion in bad ideas that go bankrupt like Solyndra.

If the money changers charge you 10% of the $10 trillion – you are still AHEAD.  Instead of investing $8.9 trillion in good ideas you invest $7.9 trillion.  The government option is 7,900x WORSE.

Mon, 06/18/2012 - 10:33 | 2536161 El
El's picture

I look around me at the devastation with knowledge of what is to come and then I look at you... and I realize people will try to justify just about anything.

Is it me you are trying to convince that you and the banksters of the world are really just good guys who are sadly misunderstood, or is it yourself? Don't waste your breath trying to convince me. I never was one for fairy tales.

 

P.S. I'm all about capitalism, but what we have here is far from it. Privatized profits and socialized risks. Go ahead, tell me another one...

Mon, 06/18/2012 - 11:39 | 2536340 1Inthebeginning
1Inthebeginning's picture

Hypothesis: The ultra wealthy are simply better at identifying the top 100 ideas.  Especially when others don't.  Seems like what Buffet does.  Great post keep it comming.  By the way this sounds like an economics theory, what is it called?  Please don't just say investing.

 

Thx

Mon, 06/18/2012 - 14:51 | 2536991 Papasmurf
Papasmurf's picture

By your notion, we would be even better off if money changers took 99%.  Oh, they did.  That's how we got here.

Mon, 06/18/2012 - 18:06 | 2537596 Alpha Monkey
Alpha Monkey's picture

Yes ideas have no value, we should all be farmers and miners! 

For the record, value is only an idea...

Every one of you that is aligned against the “money changers” (bankers, investors, traders) have a very Medieval view of the world and the economy.  Capital markets create significant value.

Actually Capital markets do not "create value", instead they help value be realized in a standardized system.  The rules of which, are any that we desire. 

They allow massive amounts of labor, materials and equipment to be mobilized to realize IDEAS.

Wrong again, they do not "allow" anything, they help this process.  This would still be accomplished without them in some form or another, because the free-market wants materials and resources to find those with capital that want them. 

The role the money changers are SUPPOSED to play is to figure out which ideas are good and which ones are bad - to maximize the capital allocated to the good ideas and minimize the capital allocated to the bad ideas.

Do you sincerely believe that these entities which you refer to as money changers know everything about everyone and what the future holds until the end of time and are therefore capable of deciding what the market needs and wants?  It seems to me the whole concept of a free market is based on the idea that the market is so large nobody can dictate or control it, without causing stability to be disrupted, hence getting governments out of it, and letting it operate through it's own channels.  A few people deciding what should and shouldn't be, is the problem. 

This is ideally done through a process of staging.

Let’s say you have 1mm ideas and $10 trillion of capital to allocate.  In round 1 you allocate $1bbn and supply each idea $1,000. 

Is this scenario to imply that there are One million people, each with $1000 saved, or that the money changers have all $10 trillion, and there are 1 million people with ideas that want to try and start a business, or are you saying that I, as a single entity in this thought experiment have 1 million ideas, and $10 trillion in capital at my disposal?

HOPEFULLY if more money changers think an idea is good - it gets more capital and HOPEFULLY this means the products and services the idea provides are in more demand by society.  Likewise bad ideas HOPEFULLY receive less capital.  But let’s just say everyone gets the same $1,000 in round 1. 

Yes... hopefully the money changers have the omnipotence to know what the market needs...

In round 2 we rerank the ideas based on RESULTS and cut the bottom 90%.  Now we allocate $10bbn to 100,000 ideas = $100,000 each.  Round 3 takes us to 10,000 ideas and we allocate $100bbn = $10mm each.  Round 4 = $1 trillion to 1,000 ideas = $1bbn each.  By the time we get to the 100 ideas that work – we have spent just 11% of our capital.  We have $8.889 trillion left to divide among those 100 GOOD ideas = $88.89bbn EACH. 

I don't think we have anything if the money changers have all the money, and we have to go begging them from something to make our own entry into the business world.  Maybe you glossed over risk in business class.  Without risk, there is no reward.

Now let’s look at how it works without capitalism.  When we let the government decide how to allocate capital they narrow the 1mm ideas to 100,000 based on politics.

I guess that is one way it could work.  But, are you seriuosly proposing that there are only two ways of doing things?  I mean, do you understand the concept behind the "market" at all?  I do understand though, complex systems are extremely difficult to understand, when you think in black and white.

At best we lose 90% of the bad ideas AND 90% of the good ideas.  The government then gives $100mm to each remaining idea.  Only 10 of the ideas work – meaning we have invested $1bbn in good ideas and $9.999 trillion in bad ideas that go bankrupt like Solyndra.

Sounds like some solid well thought out numbers. Oh wait, no it's not, just hyperbole. 

If the money changers charge you 10% of the $10 trillion – you are still AHEAD.  Instead of investing $8.9 trillion in good ideas you invest $7.9 trillion.  The government option is 7,900x WORSE.

So, with this last line, it sounds like I had the $10 trillion, and the 1 million ideas, so why do I need the money changers to determine for me, what ideas are worth while, when I have all the money I would ever need?  Perhaps if you didn't rely on hyperbole as much and actually took a look at the many facets of finance, you may understand better what you are trying to talk about.  You may also come to understand why OWS has a problem with the way the financial world is being ran by the government and by the CEOs and shareholders.

Mon, 06/18/2012 - 11:10 | 2536244 twotraps
twotraps's picture

agree.

Mon, 06/18/2012 - 12:34 | 2536535 Indiana_gol
Indiana_gol's picture

Win.

Mon, 06/18/2012 - 09:03 | 2535984 Lee Bertin
Lee Bertin's picture

WOLF! WOLF! WOLF!...

Mon, 06/18/2012 - 09:22 | 2536028 blindman
Mon, 06/18/2012 - 09:03 | 2535985 TideFighter
TideFighter's picture

Maybe it's time for a name change. I suggest Sherlock Durden or Tyler Holmes, Maybe Tylock Domes?  

Mon, 06/18/2012 - 09:10 | 2536000 RoadKill
RoadKill's picture

Tyler - I like the "I play to win, not play to be right" moto. Now reflect it in yhe articles. We need more analysis and trading/investment articles and less of the hippy OWS BS.

The posters in here have skewed significantly to the hippy OWS conspiratorialist anti-bankster side vs investors and traders. Those of us that dare to work in the money business are disparaged and threatened with torture and death. IMO this shift in comments represents a shift in users which reflects a shift in articles.

If this sight is about winning then we need more Reggie Middleton and Minyanville. If its about preaching the evils of banking and capitalistic leeches we need more Info Wars.

Mon, 06/18/2012 - 09:30 | 2536041 GMadScientist
GMadScientist's picture

Perhaps you should bring something more compelling than a daily shitshow, paper-pusher.

Mon, 06/18/2012 - 10:04 | 2536111 RoadKill
RoadKill's picture

If you check my posts - Im one of the few people on here that posts analysis and trade ideas in the comments.

While I love to get my Fight Club on with the PM bugs and Tin Foil hat guys...  I'm trying to do my part to advance the dialoge for the "paper pushers".

Mon, 06/18/2012 - 10:40 | 2536185 fuu
fuu's picture

You should write up an article or two and submit them, if you haven't already.

Mon, 06/18/2012 - 17:31 | 2537516 mkkby
mkkby's picture

We already have CNBS and a million other media sources for assholes like you to tell us to buy paper.  Tyler is here to expose the fraud of that.  Kindly go suck on a revolver.

Mon, 06/18/2012 - 09:37 | 2536055 mess nonster
mess nonster's picture

Sherlock tilted his head and looked over at RoadKill.

 

"It is my deduction, Mr. Roadkill, that thou dost protest too much," Sherlock said with a wry grin.

 

"What do you mean?" asked Roadkill, who nervously stood and hitched up his pants. "I tell you sir, I am a Trader! I have a Scottrade account and everything!"

 

"Yes, I know", said Sherlock, "But I can tell by the Berkey water filter on your kitchen table that it is Alex Jones whom you really love."

 

Mon, 06/18/2012 - 09:37 | 2536058 fuu
fuu's picture

"Those of us that dare to work in the money business are disparaged and threatened with torture and death."

Good times.

Mon, 06/18/2012 - 09:53 | 2536083 lakecity55
lakecity55's picture

I prefer to think the posters are responding to the rigged, corrupt nature of TPTB.

There is ample, non-conspiratorial evidence they intend harm to all.

Mon, 06/18/2012 - 10:16 | 2536117 ootofthehoos
ootofthehoos's picture

Infowars com is not anti-capitalist.

 

 

Mon, 06/18/2012 - 09:15 | 2536011 geno-econ
geno-econ's picture

Just keep the music playing because when it stops there is only one chair left and Germany is already sitting down and not offering to share it with others who have been dancing while Germany has been working. Problem is Germany will be left all alone without music. customers and no one to play with.  History repeating

Mon, 06/18/2012 - 09:26 | 2536034 OttoMBMP
OttoMBMP's picture

Do you ask for unconditional surrender?

Already?

Mon, 06/18/2012 - 11:03 | 2536228 FeralSerf
FeralSerf's picture

How much is a million unsold BMWs and MBzs worth?  No matter how good they are, if someone can't purchase one and actually use it they are nothing but scrap metal.  All the capital spent to create them is kaput.  A few years ago this same phenomena was being played out on GM parking lots.

Mon, 06/18/2012 - 10:21 | 2536039 Lyonshare
Lyonshare's picture

and it is appreciated! Your page is the first tab I open every single morning!

LS

Mon, 06/18/2012 - 09:38 | 2536059 deerhunter
deerhunter's picture

Ideas can be and are equal to productivity.  Think robotics.  There are however downsides to improvements in productivity and or changes in long standing methods of doing anything.  Think buggy whip and typewriter manufacturers for instance.  Making money is a trade like any other skill and banking is simply the trading and marketing of a commodity.  When this trading is criminal,  think MF Global, and nothing is done to enforce the law we are back to wild west days and the poker table.  We are currently looking at aces and eights and the day is coming that  the man or woman with the quickest draw is the only one to leave the table.  When the ones who make the rules profit by being the only ones allowed to break them with immunity we get the world economy we have today.  Don't blame the robots.

Mon, 06/18/2012 - 09:57 | 2536090 Ident 7777 economy
Ident 7777 economy's picture

 

 

 deerhunter :

...

" Making money is a trade like any other skill and banking is simply the trading and marketing of a commodity. When this trading is criminal, think MF Global, and nothing is done to enforce the law we are back to wild west days and the poker table. We are currently looking at aces and eights and the day is coming that the man or woman with the quickest draw is the only one to leave the table. "

 

Bears repeating ....

Mon, 06/18/2012 - 09:37 | 2536060 deerhunter
deerhunter's picture

Ideas can be and are equal to productivity.  Think robotics.  There are however downsides to improvements in productivity and or changes in long standing methods of doing anything.  Think buggy whip and typewriter manufacturers for instance.  Making money is a trade like any other skill and banking is simply the trading and marketing of a commodity.  When this trading is criminal,  think MF Global, and nothing is done to enforce the law we are back to wild west days and the poker table.  We are currently looking at aces and eights and the day is coming that  the man or woman with the quickest draw is the only one to leave the table.  When the ones who make the rules profit by being the only ones allowed to break them with immunity we get the world economy we have today.  Don't blame the robots.

Mon, 06/18/2012 - 09:56 | 2536068 ootofthehoos
ootofthehoos's picture

The semi-colon increasingly replacing periods, is the great game of 2012.

Example: "They try to lure you into their various traps; I try to keep you out".

Example 2: "The Great Game is not played by just being right; that is only the first part of the equation".

It is a semi-colon abuse epidemic:

"That is not what I do; not what we do".

"Some of you have time horizons that are the length of the day; that is not mine however".

 

Did I mention the semi-colon love affair of 2012?

"You can bank on one thing if nothing else; the Germans will not allow their cost of funding to rise or their standard of living to decline to help the nations that have gotten themselves in trouble".

Mon, 06/18/2012 - 11:10 | 2536248 FeralSerf
FeralSerf's picture

You must be a Late Period Boomer.  This is a rebirth of the semicolon; maybe the semicolon never really died.

The Germans may not have control over their costs of funding and their standard of living; they have no petroleum resources.

Mon, 06/18/2012 - 12:33 | 2536527 akak
akak's picture

All hail semicolonoscopy!

Mon, 06/18/2012 - 13:41 | 2536756 blunderdog
blunderdog's picture

     The semi-colon increasingly replacing periods, is the great game of 2012.

Let me fix that for you:

    The semicolon replacing periods is the great game of 2012.

No charge this time.

Mon, 06/18/2012 - 09:49 | 2536073 ghostzapper
ghostzapper's picture

Wow, even for this Hopium enthralled equity market this seems to be approaching a new level.  Looks to me like equities are absolutely "all in" expecting balance sheet expansion on June 20th while all other signals suggest otherwise.  Should be interesting. 

Mon, 06/18/2012 - 09:58 | 2536079 Monedas
Monedas's picture

Germany is the gentile plantation owner and the Middle Earth Mediterranean countries are the the noble African slaves ?   Not quite !   Germans are the overworked tax payer niggers and the Belly of Europe countries are the welfare Socialist scam artists !     I'm with the niggers....my gold is buried, I have no shop windows to be broken AND I'M READY TO RUMBLE ! Let the games begin !        Monedas      1929        Comedy Jihad Pogrom For Overfed Socialist Bureaucrat Bourgeosie (sp?) Types

Mon, 06/18/2012 - 10:01 | 2536103 RoadKill
RoadKill's picture

Im not sure if you meant to be a racist asshole, but you could have chosen another phrase if you had wanted to - so I guess we will assume YES YOU ARE.

Mon, 06/18/2012 - 10:10 | 2536123 Monedas
Monedas's picture

I do not use the word "nigger" with malice !  As a poet, humourist I need the power of that amazing little word to get my message of love for humanity out !         Monedas      1929       Comedy Jihad Does That Make It All Better ?

Mon, 06/18/2012 - 16:52 | 2536554 akak
akak's picture

Take no offense Monedas --- Roadkill is perhaps the biggest and most contemptible dipshit currently on this board.  Any disagreement or insults from him should be taken as a badge of honor.

Mon, 06/18/2012 - 17:12 | 2537459 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak said:

Roadkill is perhaps the biggest and most contemptible dipshit currently on this board.

You are more correct than you realize. Roadkill is literally a roadside "gift" left behind by a dip like AnAnonymous.

Mon, 06/18/2012 - 18:13 | 2537511 akak
akak's picture

Being truly is the mettle of your commentation, as dipping (of the human posterior, sphincter-bearing nether region) is mandatorial prerequisite for ubiquitous Chinese roadside shitting, never naturally forgetting the self-denialistic time-traveling algebraic coconutistic Easter Island Indo-Asian-African-European-American hobnobbing nature of Chinese Citizenism citizens, whose roadside dipping and shitting nature is eternal. 

Therefore this the one is finding "dip+shit" as making much fine definition of suchlike blobbing-up highway-excretionistic Chinese Citizenism citizens.

Mon, 06/18/2012 - 09:57 | 2536092 icanhasbailout
icanhasbailout's picture

He who defaults before being defaulted on wins

Mon, 06/18/2012 - 09:58 | 2536094 GBTVFan1324
GBTVFan1324's picture
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.” (Ben Franklin)
Mon, 06/18/2012 - 10:13 | 2536110 Monedas
Monedas's picture

That last post of mine was a little confusing !  The German taxpayer niggers should stop paying their taxes....and the the Mediterranean welfare niggers should scam the system into the ground....a two front strategy !     The enemy are the Smug Overfed Socialist Ponzi Bourgeosie (sp?) BUREAUCRATI around the world !        Monedas      1929        Comedy Jihad Clarification Tour

Mon, 06/18/2012 - 11:15 | 2536262 FeralSerf
FeralSerf's picture

The Germans have been taught and mostly believe that it's all important to follow the rules.  They will pay their taxes and the few that do try to wiggle out of them will be dealt with severely by the very efficient German tax collectors.

Mon, 06/18/2012 - 11:39 | 2536336 Monedas
Monedas's picture

I agree....death to the BUREAUCRATI TAX COLLECTORS....and librarians, first response workers, fire fighters and police....unless they admit they are profiting from our enslavement and give back their lucre !  The good bureaucrati, if there are any, better distance themselves from the bad !   They could start by a massive "libertarian wiki leak" of all the financial compensation secrets, expense accounts, slush funds and benefits at the expense of the private citizens !        Monedas     1929        Comedy Jihad Wiki Leak Of All The Welfare Benefits....More Closely Guarded Than Our Nuclear Secrets....Which They Give Away

Mon, 06/18/2012 - 10:36 | 2536169 rwe2late
rwe2late's picture

The problem is not “fiscal mismanagement” as claimed by Mark Grant and countless others.

The problem is fiscal robbery.

Whether intentionally or unintentionally, those who bemoan “fiscal mismanagement” act to divert attention away from the actual crimes being committed. They divert attention away from those who are the principal beneficiaries of the great swindle.

How does a con work? First there must be a bait, to lure the intended mark. Yes, there has been some ponzi sweetener, and many empty promises made of comfortable retirement and secure employment.

But now it is “threatened” unless huge transfers of wealth are given to banksters in order to “save the system”.

And of course, there must always be the “protection money” to pay the mob hit men and enforcers who pretend to prevent violence and blowback.

And blame? Do focus the blame of all who accepted the promises of jobs with pensions. How greedy they are! Obviously jobs with pensions cannot be afforded, especially when the banksters and hit men must be paid first. And policies were all made democratically, openly, no back room deals, no deceitful politicians, no bribery, no kickbacks, no corporate lobbyists, so we are to presume.

Mismanagement? Are we to understand that the massive upward transfer of wealth has been “mismanagement”? The inequitable scattering of token benefits has resulted in animosities and divided opposition, all due to “mismanagement”? The military invasions, occupations, and martial laws, all due to ever more “mismanagement”?

“Mismanagement” implies the policymakers are dumb, are ignorant, and the fix will be to get smarter, more “unsympathetic” leaders to run the game with less token benefits, with bigger handouts to banksters, and more money for protection.

It’s not a game, but a racket, managed by racketeers.

Mon, 06/18/2012 - 10:43 | 2536189 Monedas
Monedas's picture

Don't forget the trillion dollar carte blanche slush fund to depress the Gold card !  They have the slush in reserve....they haven't had to dip into it yet....they're making money with their manipulations !         Monedas      1929         It's easy to be a player when the BUREAUCRATI got your back !    (BUROCRATI, BUROKRATI, BUREAUCRACY, BUREAUCRATY)

Mon, 06/18/2012 - 10:39 | 2536176 Element
Element's picture

The middle east is about to have a really bad-hair day (reposted from G20 thread):

Russians now saying they actually are preparing to send warships and ground forces to Syria:

--

Russian warships 'ready to sail for Syria'
 
Published: 18 June, 2012, 15:45
 
It is being reported that large Russian amphibious naval ships are steaming toward the Syrian port of Tartus, where Russian civilians and naval infrastructure are under threat from ongoing civil disorder.
 
­"The crews of the Nikolay Filchenkov, Ceasar Kunikov and SB-15 tugboat – together with the marine units they carry – are capable of protecting security of Russian citizens and evacuating a part of the property of the logistics base," a source at the Russian Navy General Staff told Interfax-AVN on Monday.
 
... more ...
 
http://www.rt.com/news/russia-ships-syria-089/

--

US has already said yesterday that it is going to attack Syria, "...not if, but when...";

--

Not ‘if’ but ‘when’: US intervention in Syria on countdown
 
Published: 17 June, 2012, 16:12
 
A delegation from Syrian opposition is reportedly in talks with US officials over the targets they want to attack to weaken the Syrian government and the arms they want America to provide to do it. A “Libya lite” operation in Syria may be imminent.
 
The unnamed US official reportedly said that “the intervention will happen. It is not a question of ‘if’ but ‘when’.”
 
The delegation from the Syrian Free Army is meeting with US Ambassador to Syria Robert Ford and the State Department’s expert on Syria, Fred Hof, according to a report by debkafile, an Israeli news website, which is considered to have strong ties with the intelligence community.
 
The Syrian rebels have brought with them two lists for American approval. One is that of targets in Syria they want to attack to hurt President Assad’s government. The second is a list of heavy weapons they need to carry out the attacks, which they want to get from the US, the report says.

... more ...

http://www.rt.com/news/syria-rebels-us-arms-028/

--

Russia has already said such an attack could involve nuclear weapons.

-- 

Russia warns West against ‘hasty wars’ and rising regional tension
 
Thu May 17, 2012 3:18PM
 
Sometimes these [military] actions -- which undermine state sovereignty -- could result in a fully-fledged regional war...and even...the use of a nuclear weapon.
 
Russian Prime Minister Dmitry Medvedev has warned the West against launching ‘hasty wars’, which may increase regional tensions and even trigger a nuclear war.
 
"Sometimes these [military] actions -- which undermine state sovereignty -- could result in a fully-fledged regional war, and even -- although I do not want to scare anyone -- the use of a nuclear weapon," Medvedev was quoted by AFP as saying on Thursday during a legal forum in Saint Petersburg.

... more ...

http://www.presstv.com/detail/2012/05/17/241713/russia-warns-west-agains...

--

 

Great! ... good-going oh glorious benevolent nobel peaceful-one ...

Mon, 06/18/2012 - 10:45 | 2536191 fockewulf190
fockewulf190's picture

Some people play the great game with currencies rapidly approaching Monopoly money, I play the great game with fists full of silver and gold phyzz. Community Chest windfall heads my way? I'm buying phyzz. Someone gives me a get out of jail free card? I'm selling it and buying phyzz. Any fiat left over after passing Go and paying the bills...I'm buying phyzz.

The barbaric relics are still cheap, and the paper prices of gold and silver are going to be manipulated so long until the absolute very last bars are trucked off to the docks and loaded onto the last slow boat to China...so take advantage of the situation like the Chinese are doing while there is still some time. Just remember, with Europe on the brink of going tits up, the Comex can blow up at anytime, and when it does, the days of cheap phyzz will then gone.

Mon, 06/18/2012 - 12:48 | 2536584 FeralSerf
FeralSerf's picture

"The gold standard has been the ruin of States which adopted it, for it has not been able to satsfy the demands for money, the more so as we have removed gold from circulation as far as possible." Protocols of Zion, No. 20

Mon, 06/18/2012 - 10:49 | 2536202 rosiescenario
rosiescenario's picture

.....and how much of this entire Euro problem is going to get shifted onto the shoulders of the average U.S. citizen through the usual underhand means of our Fed working in collusion with the TBTF banks???

Mon, 06/18/2012 - 11:11 | 2536217 Monedas
Monedas's picture

Something I learned early on about the Socialist rabble !   The Peace Makers     ARE     the War Mongers !    They adore war....it's the best way to increase government hegemony on a massive scale !   They are wolves in sheep's clothing !     They weaken our democracy to invite attack !    Explain Madeline Allbright, career diplomat, giving fuel rods to the Norkos !  She negated our valiantly won WWII victory with a twitch of her little finger....which was designed by evolution for tickling glans and inserting tampons !  They are sick, sick, sick !       Monedas      1929         Comedy Jihad Kiss Our Asses Goodbye Farewell Tour

Mon, 06/18/2012 - 11:25 | 2536297 FeralSerf
FeralSerf's picture

"Explain Madeline Allbright, career diplomat, giving fuel rods to the Norkos"

Explain the US Navy, perhaps at the order of Stimson or the Dulles Bros., shipping a large portion of the completely unused huge quantity of munitions stored on Okinawa for the final assault on Japan to North Korea in 1946.  These weapons were used against the Americans in the Korean War.  It has been suggested that war is a necessary evil of capitalism.  One can't just close all those munitions plants and throw everyone out of work all of a sudden.

Mon, 06/18/2012 - 12:00 | 2536398 Monedas
Monedas's picture

Were they shipped to Seoul ? They ignored the port of Seoul and shipped them to some Norko port up by the Chinese border ?  Maybe some of them were involved in that huge munition dump explosion a few years back ?  The Norkos didn't invade the South until 1949 and they pushed us down to Pusan confiscating all war materiel that wasn't blown up in the retreat ?  In North Korea the military IS the economy....western democracies spend more on welfare than on war !  I'm against government spending and taxing where ever it occurs !    Monedas     1949         What ever the confusion, mistakes or treason of 1946....the lines are clearly drawn now ?

Mon, 06/18/2012 - 17:36 | 2537527 fockewulf190
fockewulf190's picture

Don't forget that we abandoned the Chinese Nationalists during the Chinese Civil War, but the Soviets didn't. They went all in for Mao, even flying combat missions for them during the Korean War. Had the Chinese never entered the Korean War, Korea would be united today.

Mon, 06/18/2012 - 21:23 | 2538016 Element
Element's picture

The US was following its own narrow interests, to stymie a major military competitor.  Japan invaded Korea and China, then the US cut-off oil to Japan to bring on the fight in the Pacific.  Chinese had their own vital strategic interests and need to shape its own near strategic environment free of militarised extractive European colonial powers.  Both the Chinese and Russians absolutely didn't want US air and naval bases, nor an allied US puppet on their border.  The support for an attack by the NORKs was to resolve this situation.  And that was an understandable move from their perspective, and almost succeeded.  That was one really messy war, and something that should have been resolved earlier. 

Things were also complicated by the Russians having taken all of Sakhalin Island, which had been agreed to be equally co-habited by Russia and Japan (completely since 1855, then divided in half since 1905) at the end of WWII, and annexing it all, apparently as agreed to at the Yalta conference's horse-trading to settle the conditions for the end of WWII.

So the Russians taking South Korea by force (but pretending to not be involved) was not acceptable to the US or Japan at that point, and when the Chinese got directly involved it became doubly unacceptable.  The US was determined to not let another major power gain a dominent strategic hold on the Pacific Basin. 

There is every indication today that nothing much has changed in that respect.

Mon, 06/18/2012 - 11:48 | 2536373 strongband
strongband's picture

Bullshit. One second this guy's ranting about the illness as the infection, the next he's talking about cancer. Germany is more like the horse without the genetic tendency to have the cancer.

Mon, 06/18/2012 - 12:27 | 2536506 Bicycle Repairman
Bicycle Repairman's picture

The great game in the market is volatility.   The "playas" have superior tools and superior "knowledge" and all they need is volatility.  They move the market around and collect from everyone else i.e. the "marks".  "Marks" = You.  The markets include stocks, bonds FX and commodities (PMs).

Mon, 06/18/2012 - 13:10 | 2536668 tongue.stan
tongue.stan's picture

The phrase "The Great Game" is usually reserved to refer to the international power plays that ocurred in central asia between the UK, Russia, China and India around the 19th century, when the Pakistan/Afghan/Persian deserts and wastelands were overrun with spies and double agents and Khans who sought to control the shipping routes between the east and the west. There probably is a parallel or paradigm or analogy to be made with the EU situation, but I am too intellectually lazy to make it, and so is this author.

 

The Germans shall extract their pound of flesh in exchange for any and all bailouts. The proper model is probably The Merchant of Venice, but again, intellectual laziness.

Mon, 06/18/2012 - 13:29 | 2536725 mendigo
mendigo's picture

Or maybe the Germans have decided to walk away from the game - a sore winner. Their banks will take a beating but its only euros. Let the imf bail the others out if they feel they must - Germany making other plans. Difference is that Germany is saying what they mean - very confusing in this pack of liars.

Mon, 06/18/2012 - 13:21 | 2536697 mendigo
mendigo's picture

We would like that there is a conclusion, a winner and loser, a moral to the story. But this story has been playing-out for a long time and likely will continue to do so - secular inflation ( sometimes more secular than others). There maybe be periodic discontinuities but they are hard to predict timewise - everything will cllapse and regimes will change and the world as we know it will end, one day.

Mon, 06/18/2012 - 18:49 | 2537716 janus
janus's picture

fan-fuckin-tastic, M. Grant.  in every single regard...and, what's more, janus agrees.

saw you on bloomberg today...awesome there, too.

janus had big plans for last night.  i had the rum runnin down the gullet; the music was a-playin; and, just when the 'far-off-soundin-music' started to chime, mrs. janus came unto me.  

last thing i remember, she was on top, actin all animal-like.  who knows how and for how long she took advantage of your's truly; but, for her sake, i hope it was worth the price of admission (which is dear).

nevertheless, i wanted make mention of an overlooked FACT: college and all its attendant cost are not an utter and hopeless loss...janus learned (and well) that when one wakes up drunk, it is imperative that one should fight the onset of sobriety with all that one has -- and in this case, janus still has much rum remaining.

and so it is in the spirit of rum and my anti-sobriety campaign that i submit the following:

tis one of the janus theme-songs; and i dedicate it to M. Grant.

http://www.youtube.com/watch?v=bs4y5si8DGs

holla!

people say i'm no good/

and crazy as a loon/

cause i get stoned inthe mornin and drunk in the afternoon/

...i ain't askin nobody for nothin/

if i can't get it on my own/

if you don't like the way i'm livin/

you just leave this long-haired country-boy alone,

Janus

oh, and Mr. Daniels, here's a tribute to you...you know you stole this story from janus; cause it was the story of my college life:

http://www.youtube.com/watch?v=JoVL1Zs6WTw

hell yes! 

life is a fuckin game, bitcheZ...enjoy, despair or LOSE -- you choose.

i just reached out and kicked ole green-teeth in the knee/

...watch him boyZ, he's a fairly-dangerous man/

...tearin wallace stickers offa cars/

he's a snake in the grass,

janus

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