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And Now Back To The Real News: Saudi Arabia Blasts Iran, Verbally For Now

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Tue, 10/11/2011 - 16:42 | 1762657 GeneMarchbanks
GeneMarchbanks's picture

Just got real-er.

Tue, 10/11/2011 - 16:45 | 1762671 Fukushima Sam
Fukushima Sam's picture

Wow, if we go to war fast enough we may just contain this economic crisis, at least for a while longer!  Great news!

Tue, 10/11/2011 - 16:48 | 1762694 Troll Magnet
Troll Magnet's picture

bullish for popcorn, that's for sure.

Tue, 10/11/2011 - 16:56 | 1762735 dwdollar
dwdollar's picture

Saudi Arabia needs their own 9/11 to rally the sheep.  The riots have been intensifying.  Didn't they have to rain down bullets on a crowd a few days ago?  What I'm confused about is why the US and Saudi Arabia didn't allow this to happen (if it's real)...

Tue, 10/11/2011 - 17:00 | 1762774 Herd Redirectio...
Herd Redirection Committee's picture

This is complete military intelligence at work.  Like Iran said, pre-fabricated, impossible to disprove.  And really, the drug kingpins are tight with Wall St banks, and have been for decades.  Its a little late to pretend they are cozy with terrorists, no?

Remember the Gulf of Tonkin, any one?

Check out the latest from the Capital Research Institute "Jubilee, An Idea Whose Time Has Come":


Could debt forgiveness kickstart America’s economy?  The answer is yes.  It is something the Capital Research Institute has previously suggested.  As suggested in the article, on its own it is not enough.  But it is a crucial step in the right direction.

Now, many people are weary of debt-forgiveness because it reminds them of the government bailouts, that it is stealing from those who lent their hard-earned savings to others.  Superficially, it is a legitimate comparison, but it does not hold up.  For one, while the bailouts helped a small group, financial institutions that by and large serve as a proxy for the richest segment of society, a jubilee would be universal.  Secondly, while the bailouts created moral hazard (the expectation that TBTF were bailed out once, so management doesn’t care if they go bankrupt again, they will be bailed out no matter what) Jubilee would be established under absolute terms, it will only happen once every 50 or 70 years.

Tue, 10/11/2011 - 17:05 | 1762806 CosmicBuddha
CosmicBuddha's picture

Debt forgiveness is called bankruptcy. This option has always been available.

Tue, 10/11/2011 - 17:12 | 1762847 Herd Redirectio...
Herd Redirection Committee's picture

Its just a little more formal, and kind of takes care of all of it in one go, and there is much less messy legal proceedings.

Tue, 10/11/2011 - 17:42 | 1762996 john39
john39's picture

we need more.  the usury system and its practitioners need to be dealt with and disposed of.   Jubilee is not enough.

Tue, 10/11/2011 - 17:52 | 1763035 johnQpublic
johnQpublic's picture

how did this thread get hijacked  over to debt forgiveness?


iranian hi-jackers i presume?


everyone will truly believe this story and be concerned for real when iran invades our shores spreading muslimia and sharia law bitchez


do i say sarc/off now?

Tue, 10/11/2011 - 18:48 | 1763202 James T. Kirk
James T. Kirk's picture

Hey John Q - Look closely - it got hijacked by Herd Redirection. How sublime. I tried putting the ship on Red Alert to get it back on course, but all the red lightbulbs on the bridge are burned out from over-use.

Tue, 10/11/2011 - 19:33 | 1763436 knukles
knukles's picture

Turn all the FEMA camps into Debtors Prisons.
I want a fucking refund on everything I've ever paid off.

Tue, 10/11/2011 - 21:43 | 1763927 StychoKiller
StychoKiller's picture

Back on track:  The Persians and Arabs have been stabbing each other in the back for millenia, why should anyone be surprised at this? 

OT:  would you be willing to beam up a shipment of red-painted flourescents to yer ship?  Au or Ag in payment, please -- none of that replicated Federation credits stuff!  On second thought, Gold-pressed latinum is acceptable too.

Wed, 10/12/2011 - 00:16 | 1764439 Mr. Lucky
Mr. Lucky's picture

Vall is good.

Tue, 10/11/2011 - 17:19 | 1762877 mfoste1
mfoste1's picture

yea well unfortunately student debt isnt discharged in bankruptcy. There is more student debt in Amerika than credit card debt so you figure it out......you really want to get the ekonomy going? give younger generations disposable income to spend. Cause we know Amerikan youth LOVE to spend money.

Tue, 10/11/2011 - 17:33 | 1762959 traderjoe
traderjoe's picture

Debt jubilee and bankruptcy are different. In a bankruptcy, the assets are used to 'satisfy' the lenders. In a jubilee, the debts are wiped clean and the borrowers keep the assets. 

The privately-held fractional reserve banking/money creation scheme is destined to collapse - but in the meantime, commercial banks create money out of thin air and receive collateral and a 'down-payment' in return. As long as that system runs, the banks will continue to collect the productive assets through default, even though they provided no 'consideration' themselves.  

Tue, 10/11/2011 - 17:37 | 1762970 DoChenRollingBearing
DoChenRollingBearing's picture

Jubilee...  That word keeps coming around...

Tue, 10/11/2011 - 17:53 | 1763043 Herd Redirectio...
Herd Redirection Committee's picture

Its gaining traction, its already a subconscious meme, and its momentum is basically unstoppable.

Tue, 10/11/2011 - 17:56 | 1763055 johnQpublic
johnQpublic's picture

imagine the party the plebes will have when it does come around


reminder to self: run up tab at liquor store in preparation for jubilee

get snacks

question: will my dealer forgive the 300 bucks i owe him for weed?


Tue, 10/11/2011 - 18:30 | 1763170 Herd Redirectio...
Herd Redirection Committee's picture

Probably all new loans will have to be banned for a year just to keep people from being over-exuberant.

The only financial or economic theory I hold dear is called "Trial and Error" and our current trial, the fiat fractional reserve system, yeah, it has failed.

Tue, 10/11/2011 - 17:43 | 1763003 J 457
J 457's picture

Debt forgiveness for deabbeats is not the answer.  Put them to work rebuilding our crumbling roads and bridges and bringing broadband to the corners of the country.  Yes, I know we already tried that, but last time they forgot to put the unemployed to work and instead just gave them free hand-outs for two yeras.  Isn't that kind of like indirect debt foregiveness for them and adding to the 15 trillion debt for me.  This time will be different...

Tue, 10/11/2011 - 18:02 | 1763080 Breaker
Breaker's picture

"Put them to work rebuilding our crumbling roads and bridges and bringing broadband to the corners of the country."

Never happen. The unions would scream worse than they did in Wisconsin.

Tue, 10/11/2011 - 18:35 | 1763179 See in the pink
See in the pink's picture

"Debt forgiveness for deabbeats is not the answer."

Of course it isn't; otherwise, the oligarchs' plans to enslave the nation [by stealing its wealth and leaving everyone else saddled with insane debt] won't come to pass... and we certainly can't have that!

Tue, 10/11/2011 - 22:02 | 1764012 Bring the Gold
Bring the Gold's picture

Riiight, like the deadbeats that were handily paying their mortgage for 10 years and suddenly lost their job when the CEO of their company under pressure from majority shareholder JP Morgan finally shipped the last factory jobs over to China. 

Yeah we definitely need to protect the bankers in their plan to secure all assets. I assume you are already giving yours freely to them? Oh your not? Oh you're special somehow and they won't come for YOUR assets. Welcome to the real world jack ass. Your fat bloated ass is the next in line to get reamed by these Apex Predators. 

The only deadbeats that need to be in chains making roads are working at the Central and Investment banks world wide. Those guys have never done an honest day's work in their lives all they do is confiscate wealth with money created from nothing and you defend their system. Disgusting.

Wed, 10/12/2011 - 01:22 | 1764554 chindit13
chindit13's picture

Jubilee=Nationalized Moral Hazard

Before the cheering stops on the first one, the seeds of the second one will be planted.  Once everyone knows the rules, everyone will play the game.  Next time will be even worse, because NOBODY will be so stupid as to practice self-restraint and personal responsibility.

Why is anyone so naive to believe that the average person would behave any differently from the bankers who know their gains are private but their losses public?

Tue, 10/11/2011 - 17:44 | 1763004 Spirit Of Truth
Spirit Of Truth's picture

Global thermonuclear war cancels almost all debts.

We are now in the seasonal window I've been warning about is conducive to World War Three:


I just emailed Prechter the following info:

Full moon is tonight. Again, between the full moon and new moon in the 7th lunar month has seen some of the largest panics in history.  Market internals and the wave count suggest Oct. 4th was a major low and a multi-week rally is underway, but seasonality is still what I'm watching since this is a predominant force in mass mood swings IMHO.

For the record:

1962 oct 13/28 (full/new moon) From - http://library.thinkquest.org/11046/days/timeline.html October 14, 1962 A U-2 flying over western Cuba discovers missile sites. Photographs obtained by this flight provide hard evidence that Soviets have missiles in Cuba. October 24, 1962 Soviet ships en route to Cuba with questionable cargo either slow down or reverse their course except for one. Military forces go to DEFCON 2 the highest ever in U.S. history. 1973 oct 11/26 From - http://www.jewishaz.com/jewishnews/980925/yom-sb.html Oct. 11 - Israel attacks Syria from its positions on the Golan Heights. The Soviet Union's ambassador to the United States, Anatoly Dobrynin, tells U.S. Secretary of State Henry Kissinger that Soviet airborne forces are on the alert to defend Damascus. Kissinger warns Dobrynin that if the Soviets send troops to the Middle East, the United States would as well. Oct. 24 - A second cease-fire is put into effect, but fighting continues between Egypt and Israel. As a result, the Soviet Union threatens the United States that it will send troops to support the Egyptians. The United States puts its nuclear forces on a higher alert. The Soviet Union withdraws its threat the following day. 2011 oct 11/26 ?????

Tue, 10/11/2011 - 18:00 | 1763071 J 457
J 457's picture

Do you think we can panic before opex next Friday?  I have some out of money puts...

Tue, 10/11/2011 - 18:31 | 1763174 Herd Redirectio...
Herd Redirection Committee's picture

LOL, nice one.  I would buy some TSX goldmining equity calls (SA, NSU, Primero) personally...

Tue, 10/11/2011 - 19:55 | 1763501 msamour
msamour's picture

2011 Oct 11/26: Aliens invade the earth! they find some redneck guy and tell him Take me to your Leader! The redneck guy from NC brings the aliens over to the NASCAR racetrack, and points towards the NASCAR officials. Aliens leave in disgust. Crisis averted!

Tue, 10/11/2011 - 17:44 | 1763006 Canaduh
Tue, 10/11/2011 - 17:39 | 1762913 SDRII
SDRII's picture

Setup for coordinated strikes in Syria and Iran accompanied by the Gilad Shalit release deal w/ Hamas. Egyptian riots provide cover for military crackdown into any action (Saudi funding). Turkey dragged along with the PR coup of taking out Assad who reportedly killed the Kurdish leader over the weekend (notwithstanding rumors of agitators involved). The Iranian elections coming in March 2012 and early returns between two other hardline factions. In the past few days iran has offered to halt enrichment and undertake Russian plan?

Wed, 10/12/2011 - 01:09 | 1764545 Yamaha
Yamaha's picture

Also Bullish for Obama face toilet paper! It is a great buy.

Tue, 10/11/2011 - 16:57 | 1762756 DoChenRollingBearing
DoChenRollingBearing's picture

@ Fukushima

I wonder when the war will start.  And how.  Let Israel do the dirty deed for a few $bns...?  Or would the tail wag the dog?

Agree with nearby poster who said Eric Holder is mostly interested in covering up "Fast and Furious", this sure did come along at a convenient time for HIM.  F & F now responsible for 200 deaths.

Tue, 10/11/2011 - 18:32 | 1763176 FatFingered
FatFingered's picture

Also, Jim Rickards told us Sunday, on KWN, that during his recent visit to the ME our Arab Allies are only concerned about one thing.  And that was Iran's muscle flexing in the region.  They told him that Iran has to go sooner or later.


Tue, 10/11/2011 - 23:16 | 1764285 Fukushima Sam
Fukushima Sam's picture

War is inevitable, but the timing certainly is not.  We have coincident major events all coming to a head at the same time: ecological overshoot, debt crisis, peak oil, fourth turning.  The question is, will "they" be able to wage war overseas while "we" hound them like dogs here at home?

We are in a dangerous place.  The Federal government has started to lose the trust of the people.  This is a situation that cannot continue, one way or another.

Will this generational crisis show us turning inward to re-evaluate what it is to be American?  Or will we focus our fears outward and wage global war?  Either way it seems the result will be war of some sort.  Perhaps we are already in the first battles and here at ZH we are the first wave of foot-soldiers, typing instead of shooting.

Tue, 10/11/2011 - 17:46 | 1763011 dr.charlemagne
dr.charlemagne's picture

Yup, first waves of the false flag. Bankers love a good war.

Tue, 10/11/2011 - 19:27 | 1763402 nyse
nyse's picture

Might go ahead and lock-in Bam-Bam's 2nd term to boot!

Tue, 10/11/2011 - 16:51 | 1762719 SilverRhino
SilverRhino's picture

I wonder what scandal TPTB are trying to distract us from this time?

Tue, 10/11/2011 - 17:39 | 1762975 narnia
narnia's picture

I'm sure it's just coincidence this story was released yesterday: http://www.examiner.com/conservative-in-national/breaking-new-evidence-show-hillary-a-mastermind-behind-gunwalker?CID=examiner_alerts_article.

This "plot" started right after the press got the first whiff of Fast & Furious and involves all the same parties.  This is obviously a diversion.  Throw out an unsubstantiated lie, build a monster case upon that lie, then do what you want to do based on that lie before the lie is exposed.  Iraq part deux.

Tue, 10/11/2011 - 20:40 | 1763661 Problem Is
Problem Is's picture

Nice... Hag-Ball Hillary has bigger gonads than Bullshit Barry Soetoro...

Tue, 10/11/2011 - 18:22 | 1763141 The4thStooge
The4thStooge's picture

Fast&Furious and Solyndra. Eric Holder and Obama whitehouse are desperate.

Tue, 10/11/2011 - 22:07 | 1764027 Bicycle Repairman
Bicycle Repairman's picture

Total desperation.  Obama and crew simply trying to save their necks.  There is nothing more to it.  Time to tee up the whole Nixon playbook from the Watergate era.  This time Hillary is on the other side.

Tue, 10/11/2011 - 19:01 | 1763286 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Interesting coincidence to see this on Ransquawk:

Saudi King to undergo operation in coming days - state news agency

So, maybe he won't make it? Any succession issues that would need a coverup somewhere else?




Tue, 10/11/2011 - 17:12 | 1762843 Ruffcut
Ruffcut's picture

Shit hitting the fan in this space is always serious.

Fuck the gold price showing collapse. Oil is the biggest economic control valve, on the planet. It is the ultimate X factor.

I hedge uso, all the time with lotto ticket calls. I am up a little after two years from the egypt uprising this winter.

Fuck go 5 dollar gas and you will see the pain creep in quickly. Oil is the commodity that runs the world.  If you have things to protect, then hedge accordingly

Tue, 10/11/2011 - 18:03 | 1762998 CrashisOptimistic
CrashisOptimistic's picture


You, sir, are 80% of the way there.

Now add in the realities that Iran is literally decades past Peak.  They can't hold their flow rate up AND they are paying their populace to let them please stop the oil subsidy so they reduce domestic consumption and can export more for Brent territory prices.

The story of that is bizzarre, btw.  They said "Here's $50.  In your bank account, and you will be able to see it there, but you can't withdraw it until January, when gasoline prices go up."   They said this October last year and the money appeared in November, and they hyped it, to get the populace excited about their extra money before they took it away from them by March in higher gasoline prices.

Iran is a basket case, and when the world figures out Manifa oil from offshore Saudi doesn't taste anything like Ghawar barrels, this shit is going over the cliff.

Tue, 10/11/2011 - 18:28 | 1763164 Ruffcut
Ruffcut's picture

THe other 20% of the matter, this area is "the theatre" for the military action, revolts, protests and every other insane globalist conception.

Saudi sludge oil is perhaps, running dry. All they have are dollars to create the next best thing. Oh, they did the wallstreet pump anmd dump, rinse and repeat, but the tank is running on fumes. 

I thank my lucky charms every morning, wondering how we got this far thru so much constant, uber and utter bullshit.

Tue, 10/11/2011 - 19:25 | 1763398 CrashisOptimistic
CrashisOptimistic's picture

It comes down to one thing only.

The recent threats by PMs to retire equates to the powerful subconcious urge not to be in office when the juggled balls finally fall.

They have no solution and they will do anything up to and including murder to delay the fall until each of them can get out of office.

Tue, 10/11/2011 - 19:35 | 1763440 knukles
knukles's picture

I might not know my bullshit, but Erin Burnett has nice udders.

Tue, 10/11/2011 - 20:37 | 1763637 Problem Is
Problem Is's picture

Erin "B-Cup" Burnett??

She looks like a 10 year old boy sitting next to the 1st string of Caruso-Cabrera and the generously endowed CNBC Anchorettes...

And CNBC's biggest boob...
Steve Lies-man...

Tue, 10/11/2011 - 17:58 | 1763063 steve.stuart
steve.stuart's picture

Is'nt today 10/11 ....the powers like to break news like this on 11th ....

Tue, 10/11/2011 - 18:01 | 1763075 Hman
Hman's picture

Iranians hire Mexican drug cartel to kill Saudi ambassador! What kind of bullish story is this. They need to hire some one with better ability to fabricate a good story with some convincing elements before publishing this bullshit.  Most people know that Mexican drug cartel is controlled by banksters, CIA & Mosad! 

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