BBC Does It Again: "In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks" - IMF Advisor

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Fri, 10/07/2011 - 06:52 | 1748945 nmewn
nmewn's picture

Both of mine have passed on to a place where they can better keep an eye on me ;-)

My wife is going through the trauma of having to let one go now. There will be a giant hole that can never be filled or even fully explained to someone who's never gone through it when it does happen. Its all part of it. The love of family always helps in times like this. Love & cherish each other while you're all here together.

Yes, there is no price on the family and no burden to large to bear in support of it.

Thu, 10/06/2011 - 19:39 | 1747965 Pinktip
Fri, 10/07/2011 - 07:54 | 1749011 Seer
Seer's picture

Well, it's really not "our" money.  The USD, anyway, says that it belongs to the Federal Reserve :-(

But, really, if it's shit fiat then should we really care?  It's like the Monopoly Game is being played, and rather than walk away from the game so that we can go get something to eat, we keep playing, thinking that somehow food will come to us (either some servant or, by way of the game itself).  Not a great analogy, but hopefully the gist is there (quit playing the game, turn in the fake money [and stupid game pieces] and get on with what's real).

Thu, 10/06/2011 - 18:22 | 1747750 disabledvet
disabledvet's picture

I said "QE in England" just last week. Where's my Jolly Rancher? Anywho spot on. Absolutely cover for QE...over there...and who the he'll is messing with my I-phone God dammit!

Thu, 10/06/2011 - 19:32 | 1747951 AldousHuxley
AldousHuxley's picture

no jolly rancher, but this may amuse you

 

Lehman Sues Goldman Over Collapse of Real-Estate Deal

http://online.wsj.com/article/SB1000142405297020338880457661537006853020...

Fri, 10/07/2011 - 00:44 | 1748666 disabledvet
disabledvet's picture

so much for my billion shares of Lehman doubling to 2 cents. DAMN IT!

Thu, 10/06/2011 - 21:32 | 1748202 BigInJapan
BigInJapan's picture

Yes.

That, and preparing them for the printing yet to come.

Moronic.

Thu, 10/06/2011 - 22:00 | 1748232 Michael
Michael's picture

Some of the private corportions in the banking industry are just going to have to file for bankruptcy. No big deal. Stronger players will emerge to take their place.

 We must never again let private banks get so big that when they go bankrupt, they ruin the whole of society.

Has anyone seen the movie, The Road?

Fri, 10/07/2011 - 00:48 | 1748675 riley martini
riley martini's picture

 Yeah Europe going full fascist just like the  USA  . Marx was right about somethings when capitalism fails people go left to fascism then socialism then collaspe . But alas Marxism never succedes the Socialism collaspe like Marx hoped .  Marx never envisioned how complex the world would become.

Fri, 10/07/2011 - 08:01 | 1749021 Seer
Seer's picture

"Stronger players will emerge to take their place."

More like the existing TBTF entities will gobble up the small fry and further consolidate their TBTF-ness.

It's musical chairs.  For those that don't know it, the chairs slowly get removed until there's only one left...  Will we get down to only one chair?  Don't know.  But, the gorging will end, and when it does those left standing (or, sitting, in the case of musical chairs) will puke it all up, at which point we should not do like my dog does and...

Thu, 10/06/2011 - 21:49 | 1748239 Buck Johnson
Buck Johnson's picture

Bingo, also this guy was right everyone is creeping to the door when all hell breaks loose when the debt and CDS start to unravel.

Thu, 10/06/2011 - 22:14 | 1748314 lano1106
lano1106's picture

I think that you are right but I wonder if the purpose of the message could not be multiple.

 

What I have in mind is that on this site, people often scream against BS rumors serving as hopeium to pump up the market. Could it be possible that this type of communication could serve as hopium for short investors so that TPTB can screw both sides sequentially?

 

Fri, 10/07/2011 - 05:21 | 1748902 Ken Frost
Ken Frost's picture


Thu, 10/06/2011 - 17:07 | 1747482 SheepDog-One
SheepDog-One's picture

They just did 'Shit Hitting the Fan' on Myth Busters, and found that yep, when you throw shit at a fan, it goes everywhere.

Thu, 10/06/2011 - 19:14 | 1747901 Schmuck Raker
Schmuck Raker's picture

No shit?!

Thu, 10/06/2011 - 20:44 | 1748098 TheFourthStooge-ing
TheFourthStooge-ing's picture

Bigtime.

 

Thu, 10/06/2011 - 23:12 | 1748469 Let them eat iPads
Let them eat iPads's picture

Hollywood coroborates that.

http://www.youtube.com/watch?v=aZdp46Jen_w

Thu, 10/06/2011 - 17:08 | 1747487 Panic Panic Panic
Panic Panic Panic's picture

Their gonna need a bigger fan.

Thu, 10/06/2011 - 17:58 | 1747671 Strider52
Strider52's picture

@Panic: Dude, I just took 2 Happy Pills and that made me ROTFL. (The 'bigger fan' thing.)

Thu, 10/06/2011 - 18:11 | 1747712 Manthong
Manthong's picture

Larger sack.

Thu, 10/06/2011 - 18:35 | 1747788 Incubus
Incubus's picture

where does shit go when it gets sucked into a black hole?  Matter cannot be "deleted"--so where does it go? 

Regardless, I think we're on the supposed exit end of a black hole that's about to suck in a fuckload of shit.

Thu, 10/06/2011 - 20:11 | 1748031 Element
Element's picture

Not so much blackhole, more of a shadow hole.

Thu, 10/06/2011 - 20:36 | 1748084 Axenolith
Axenolith's picture

It's there, just infinite mass and zero volume...

Thu, 10/06/2011 - 21:06 | 1748094 akak
akak's picture

Like when I mute the TV on Oprah or Rosie O'Donnell?

Thu, 10/06/2011 - 22:46 | 1748391 WonderDawg
WonderDawg's picture

Why bother with mute when you can just change the channel, or better yet, turn off the TV?

Thu, 10/06/2011 - 23:00 | 1748432 akak
akak's picture

It's like gawking at a car wreck --- you know you shouldn't, but there is a certain morbid and perverse fascination in doing so anyway.

Fri, 10/07/2011 - 02:23 | 1748785 Hook Line and S...
Hook Line and Sphincter's picture

or trying to suppress my fascination with wanting to give good loving to Barbara Boxer

Thu, 10/06/2011 - 20:46 | 1748102 TheFourthStooge-ing
TheFourthStooge-ing's picture

where does shit go when it gets sucked into a black hole?  Matter cannot be "deleted"--so where does it go?

The Fed's balance sheet.

 

Thu, 10/06/2011 - 21:37 | 1748218 DeadFred
DeadFred's picture

Matter that gets sucked into a black gets spewed out in an alternate universe. Imagine the delight when THAT starts spewing out...    Could D.C. be that alternate universe?

Thu, 10/06/2011 - 23:24 | 1748505 Manipuflation
Manipuflation's picture

Black square.  Malevich.  The shit will go directly back to where it came from and it would appear to me that the rather enormous pile of shit is already starting to make the turn based simply upon the fact that the "occupy wall street" movement is dotted with a few End the Fed signs.  Nothing to be too optimistic about just right away.  This effort is going to take some time.  But then again what do I know?  This is only my third blog post ever.LOL

Thu, 10/06/2011 - 21:38 | 1748221 rosiescenario
rosiescenario's picture

.or higher rpms and looser shit...or a combination of both....

Thu, 10/06/2011 - 23:05 | 1748444 G-R-U-N-T
G-R-U-N-T's picture

.

Thu, 10/06/2011 - 23:51 | 1748560 zoomer
zoomer's picture

I think that is the most intelligent comment I've read in the last five minutes.

Well put!

Thu, 10/06/2011 - 17:03 | 1747456 Fukushima Sam
Fukushima Sam's picture

Absolutely.  Everything is just fine over at the EU.

Thu, 10/06/2011 - 21:16 | 1748170 Dr. Richard Head
Dr. Richard Head's picture

It's obvious that the banks are under-capitalized to anyone paying attention. In fact, known since 2008 for many. There are just a couple of questions that come to my simple little lap dog husband of a man mind.

Why isn't the question of who has this capital needed to recapitalize these banks asked? More importantly, how can this capital be even be known to be available to cover the undisclosed amounts of credit default swaps if the amount of CDS isn't even known?

Many would argue that fiat debt is the capital they seek, the debt is the currency of this collapse. The reality of those rich in debt is the status quo that is being defended heavily be this financial oligopoly, while the natives grow restless on the streets. The problem is not enough know of the debt based system we live in and argue arounds the edges. Too high level for some, so to simplify it I would ask, why the Hell are they telling the people the truths now? Seems like plenty of other opportunities presented themselves in the past three years to create more debt to strap on those of the world not crony.

Either the death rattle grows louder during fiat's Hospice stay or....I don't actually think there is an or.

Sat, 10/08/2011 - 07:41 | 1752477 my puppy for prez
my puppy for prez's picture

The NWO globalist plutocrats ALWAYS tell us what they are going to do....it is part of their "code of conduct"!  It's just that not too many pay attention.  Seriously, this is how it works.  It is part of their sick occult minds to send out the warning, watch the ants go about their business,  and then do that scary Vincent Price laugh behind their fortress gates when the SHTF and society collapses.  They love it....the are evil.

Thu, 10/06/2011 - 17:40 | 1747618 mfoste1
mfoste1's picture

same old shit different day

Thu, 10/06/2011 - 21:42 | 1748225 DeadFred
DeadFred's picture

We're ramped up and at resistance. Now is the time to start the parade of doom and gloom while we take the quick trip down to the bottom of the range. Last time we cracked through a few levels, will we hit the big time on this trip? What's below 1072? I only see 1000.

Thu, 10/06/2011 - 20:19 | 1748051 He_Who Carried ...
He_Who Carried The Sun's picture
Its not just the BBC, you know... The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England, Mervyn King, said last night.

http://www.telegraph.co.uk/finance/financialcrisis/8812260/World-facing-...

Thu, 10/06/2011 - 21:31 | 1748200 Bringin It
Bringin It's picture

JIT quotes.  Just-In-Time.

 

Nice tits.

Thu, 10/06/2011 - 21:56 | 1748254 Arkadaba
Arkadaba's picture

You are actually quoting Mr. Fucking Mervyn King Ahhhh! We are lost!

Thu, 10/06/2011 - 22:28 | 1748355 Rick64
Rick64's picture

This is impossible. The banks were given stress tests and all of them passed with flying colors. Everythings fine.

Thu, 10/06/2011 - 17:46 | 1747635 agent default
agent default's picture

At that point gold spot will be about double that.

Thu, 10/06/2011 - 16:43 | 1747353 ratso
ratso's picture

Wasn't Bob Shapiro OJ's attorney?

Thu, 10/06/2011 - 16:45 | 1747369 mynhair
mynhair's picture

Didn't a scum lawyer say 'buy stocks'?

Thu, 10/06/2011 - 20:07 | 1748025 Blano
Blano's picture

Yes and now you see him hawking his website legalzoom.com.

Thu, 10/06/2011 - 16:45 | 1747367 SheepDog-One
SheepDog-One's picture

It's funny how the sheeple, the dumbest among us, apparently have endless piles of money to line up and be kornholed daily! Huh....

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