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Bear Market Open Thread

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Since Zero Hedge updates over the next sevearal few hours will be sparse, please use this opportunity to share your transitory outlooks on current events, life, google trending topics, and pretty much anything else.

 

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Sat, 08/20/2011 - 12:48 | 1581164 PY-129-20
PY-129-20's picture

Sängerkrieg - In Extremo

http://www.youtube.com/watch?v=ConVJobeIT0

Palästinalied - In Extremo

http://www.youtube.com/watch?v=-v9Dw1-rjEc

"Kristen, juden unde heiden
  jehent, daz diz ir erbe sî:
  got müeze ez ze rehte scheiden
  durch die sîne namen drî.
  Al diu werlt diu strîtet her.
  Wir sîn an der rehten ger:
  reht ist, daz er uns gewer."

Fri, 08/19/2011 - 16:56 | 1578961 the black arrow
the black arrow's picture

@ b-B.....my advice is worth what you paid for it
Please behave, if you cant behave, please be careful,
If you cant becareful......................please name it after me.
If

Fri, 08/19/2011 - 18:35 | 1579343 baby_BLYTHE
baby_BLYTHE's picture

just having a few drinks with a few friends. Nothing hardcore tonight. Saturdays are usually the more crazy nights when I go out to some of the clubs in the city.

Fri, 08/19/2011 - 21:09 | 1579766 Yen Cross
Yen Cross's picture

No thanks. Been there done that.

 Burbank to Toyko.

Sat, 08/20/2011 - 01:14 | 1580330 Yen Cross
Yen Cross's picture

 I know that trick< Ya going Charlie Scheen on us>

Fri, 08/19/2011 - 16:31 | 1578796 unky
unky's picture

When Gold will correct during the coming week (due to CME margin hikes) will silver also drop?

Fri, 08/19/2011 - 16:47 | 1578920 caerus
caerus's picture

if so it will be relatively minor imo...they already took ag down in may...also, cme hasn't lowered those ag margins as far as I know...it looks like ag has settled into a nice price pattern since the crash

Fri, 08/19/2011 - 16:31 | 1578797 gangland
gangland's picture

zerohedge cities top ten, yes once again LOS ANGELES the 16th largest economy on the planet does not rank in the top 10...

 

1. New York, NY, USA 2. Denver, CO, USA 3. Chicago, IL, USA 4. Washington, DC, USA 5. Vancouver, Canada 6. Singapore, Singapore 7. San Francisco, CA, USA 8. Dallas, TX, USA 9. San Diego, CA, USA 10. Boston, MA, USA
Fri, 08/19/2011 - 16:37 | 1578844 Let them all fail
Let them all fail's picture

and #2 state is..............Oregon (with Portland as #6 US City), fuck yeah Oregon, despite being outpopulated we know whats up

Fri, 08/19/2011 - 16:50 | 1578930 Hapte
Hapte's picture

Cascadia bitchez.

 

Fri, 08/19/2011 - 17:23 | 1579107 andybev01
andybev01's picture

Oregon is a great place to be from...

Fri, 08/19/2011 - 16:49 | 1578924 caerus
caerus's picture

what no austin? too busy gettin stoned and drunk I guess...

Fri, 08/19/2011 - 17:24 | 1579109 Arkadaba
Arkadaba's picture

I was surprised Vancouver made the top ten but not Toronto. But looking at ethnicity by relative frequency on Quantcast it kind of makes sense - maybe: http://www.quantcast.com/zerohedge.com/demographics

Fri, 08/19/2011 - 19:37 | 1579535 HUGE_Gamma
HUGE_Gamma's picture

Rio de Janeiro, Brazil here

Fri, 08/19/2011 - 23:25 | 1580134 Bring the Gold
Bring the Gold's picture

What I found shocking I mean SHOCKING was that ZH is predominantly viewed by males. And here everyone has done their best to make it a female friendly environment....BITCHEZ!!!! (Sorry couldn't help it!)

Sat, 08/20/2011 - 03:48 | 1580460 AustriAnnie
AustriAnnie's picture

Well y'all keep calling for "Bitchez!"

So we decided to show up.

;)

Fri, 08/19/2011 - 16:31 | 1578801 Joe Sixpack
Joe Sixpack's picture

Come on over and join at gold-silver.us/forum

 

The best little gold and silver forum in the US, and a natural ally to ZeroHedge!

Fri, 08/19/2011 - 16:32 | 1578804 buck4free
buck4free's picture

Hopefully some bomshells break in EuroLand this weekend so we can really party like its 2008 come Monday...

Fri, 08/19/2011 - 16:32 | 1578807 anony
anony's picture

 

This will be the first thing I will buy with the profits on my TZA, VXX, and SKF triples should the sellers outnumber the buyers by no-bid margins:

 

http://www.thelocal.de/society/20110321-33865.html

Fri, 08/19/2011 - 16:59 | 1578978 tigsman
tigsman's picture

Small penis overcompensation?

Fri, 08/19/2011 - 17:11 | 1579033 MsCreant
MsCreant's picture

You did not ask me, but what a waste of money friend.

Drive that where?

I can see you Mad Maxin on the streets in that apocalyptic baby now, oh yeah! That's a doom buggy alright!

There is a Robinhood cartoon I love where the rich guy is riding through the woods with gold going ca-ching, ca-ching, in bags on both sides of his saddle. He rides along, ca-ching, ca-ching. It's too easy and too funny for Robin and his Merry Men to take out the mark.

Anyone in such a car is going ca-ching, ca-ching, down the road, asking to be robbed as far as I'm concerned. I'm not saying you deserve it (women dressed scantily don't deserve rape) but you gotta know you are putting it out there.

My fantasy car is a restored 1971 F150, Bond-o to hell all over the outside and in pristine mechanical condition. I need to shop this but have not done so yet.

Fri, 08/19/2011 - 20:41 | 1579709 Jendrzejczyk
Jendrzejczyk's picture

Bright orange or yellow?

Fri, 08/19/2011 - 20:48 | 1579725 MsCreant
MsCreant's picture

Any color at all. The one shown above looks okay but it is a F250. Maybe could work, but it is a little off my paradigm. Can you guess the why of the choice (And I could be wrong and full of shit)?

Fri, 08/19/2011 - 21:09 | 1579764 Cheesy Bastard
Cheesy Bastard's picture

There is no 1971 F150.  Either F100 (F110 is the 4 x 4), or F250 (F260 is the 4 x 4). 

Sat, 08/20/2011 - 06:14 | 1580557 MsCreant
MsCreant's picture

Oh! Hmmm....

Sat, 08/20/2011 - 04:47 | 1580507 Jendrzejczyk
Jendrzejczyk's picture

I'm slowly learning to never try and guess what may be in a lady's head. Would love to know the reasoning behind the choice.

(thanks for the cooking tips a few weeks back.....had forgotten about coconut milk-tasty!

Sat, 08/20/2011 - 06:25 | 1580563 MsCreant
MsCreant's picture

I seem to have been off the mark according to CB above. I have not shopped it and already my "theory" had a hole in it.

The logic is simple, I have to go pre 1986 from what I understand to get rid of all the electronic gadgetry. I hate seeing all that cheap crap break. Even now I have manual transmission, no power windows, manual steering, etc. You'd laugh if you knew what I do drive but it is paid for and saves money on gas (40 mpg).

If the tin hat theories come to fruition, an EMP goes off, or there is a solar event, shifting poles, stuff like that, a car that is big and sturdy with simple parts that are still findable in junkyards, without electronic gadgets that can fry and not be able to be reset, would be very useful. 

That was the gist of what was in my head. I might like 4 wheel drive, but I had one for a little while and stuff was always going wrong with it so I think I will pass. Simplicity is sustainable, so that is what I will look for.

A tacky color or bondo is supposed to "throw them off" and be unappealing.

Sat, 08/20/2011 - 09:57 | 1580788 fuu
fuu's picture

You need to go pre-1976 to be EMP proof.

 

I just picked up a very mechanically sound 1987 F150 4 speed 4 x 4 for some AG. Replaced both tanks as they were rusted and got some new tires and she is ready to go. While it will not survive an EMP there was a very long run for the chassis, engine, and other parts. I think the 1987-1996 models are essentially the same.

 

It took a bit to get used to the milage though.

Fri, 08/19/2011 - 21:00 | 1579748 Rick64
Rick64's picture

You're right he should watch out for the golddiggers they will rob you blind.

Sat, 08/20/2011 - 06:32 | 1580570 MsCreant
MsCreant's picture

I feel strongly this is true. If you have a car like that, you will attract women to you that only want you for your money and the status you project. I mean "Yikes!" Scary.

And if you get married, each of you has to project fakeness the rest of your lives or go through the midlife crisis from hell. Marriages built on this kind of a foundation don't look to me like they will make it.

I think the car is pretty, no doubt. But it sure looks like trouble.

Sat, 08/20/2011 - 11:28 | 1581026 Rick64
Rick64's picture

Definately in agreement with that assessment.

Sat, 08/20/2011 - 02:51 | 1580407 delacroix
delacroix's picture

MsC  find one with a straight six, manual trans

Sat, 08/20/2011 - 06:33 | 1580572 MsCreant
MsCreant's picture

You knew exactly what I was up to. 

Sat, 08/20/2011 - 04:57 | 1580513 PY-129-20
PY-129-20's picture

How could it be a waste of money, dear? It's a German car. *g*  haha - ah, it isn't what it used to be...sorry to say that. I like Ford. It's a good company. But I am more a Mercedes-Benz worshipper.

Bertha Benz was such a great woman. Intelligent and beautiful too. Like Clara Immerwahr.  

http://en.wikipedia.org/wiki/Bertha_Benz

Sat, 08/20/2011 - 06:44 | 1580580 MsCreant
MsCreant's picture

Looks like she had vision and courage, wow! Clara is a sadder character. 

Fri, 08/19/2011 - 17:40 | 1579173 caerus
caerus's picture

i'll race you dude

Sat, 08/20/2011 - 03:34 | 1580441 gangland
gangland's picture

does that german spooj come pre-packaged with a soul too?? cause then you'd be complete!

duz it at leest kum w dryveeng lesons?

http://www.youtube.com/watch?v=zKyLP-opoUs

Sat, 08/20/2011 - 05:24 | 1580528 PY-129-20
PY-129-20's picture

Every German car has a soul and at night, if parked next to another German car, they secretly talk about returning to Stuttgart and listening to Autobahn.

http://www.youtube.com/watch?v=68C-r9kSLNE

Sat, 08/20/2011 - 12:30 | 1581195 gangland
Sat, 08/20/2011 - 06:00 | 1580543 ZippyDooDah
Fri, 08/19/2011 - 16:33 | 1578808 gangland
gangland's picture

top ten zh countries, singapore wins again.

1. Singapore 2. Ireland 3. United States 4. Canada 5. Switzerland 6. Finland 7. Australia 8. United Kingdom 9. Belgium 10. Sweden

 

Fri, 08/19/2011 - 20:43 | 1579712 Jendrzejczyk
Jendrzejczyk's picture

2. Ireland

How often does Dork sign in?

Fri, 08/19/2011 - 23:08 | 1580076 snowball777
snowball777's picture

At least every couple of days, by appearances.

Fri, 08/19/2011 - 16:33 | 1578811 JW n FL
JW n FL's picture

http://www.youtube.com/watch?v=qoVlcWvxffc&feature=feedf

Uploaded by bstill3 on Aug 12, 2011

Unveiling a new 6-Step pathway to free ourselves from the shackles of the national debt system.

Fri, 08/19/2011 - 16:34 | 1578813 gangland
gangland's picture

top 10 zh langs notice china at #8

1. English 2. Finnish 3. Swedish 4. Dutch 5. Italian 6. French 7. German 8. Chinese 9. Polish 10. Portuguese
Fri, 08/19/2011 - 16:34 | 1578814 razorthin
razorthin's picture

This is satisfying, but have your TNA and FAS buy stop orders cocked and ready.

Fri, 08/19/2011 - 23:12 | 1580092 snowball777
snowball777's picture

Maybe a little birdie told sang you a QE3 song, but Is there anything more manipulated than a 3X financial ETF? (besides silver, smarty-pantses)

Fri, 08/19/2011 - 16:34 | 1578815 JW n FL
JW n FL's picture

http://www.youtube.com/watch?v=gGhpQi2JVRE

AIPAC Sends 81 Members of the US Congress on Vacation!

1/5th of Congress! is going to Israel the Largest single recipient of US AID!!

For many years the American media said that “Israel receives $1.8 billion in military aid” or that “Israel receives $1.2 billion in economic aid.” Both statements were true, but since they were never combined to give us the complete total of annual U.S. aid to Israel, they also were lies—true lies.

Recently Americans have begun to read and hear that “Israel receives $3 billion in annual U.S. foreign aid.” That's true. But it's still a lie. The problem is that in fiscal 1997 alone, Israel received from a variety of other U.S. federal budgets at least $525.8 million above and beyond its $3 billion from the foreign aid budget, and yet another $2 billion in federal loan guarantees. So the complete total of U.S. grants and loan guarantees to Israel for fiscal 1997 was $5,525,800,000.

http://www.ifamericansknew.org/stats/cost_of_israel.html

 

http://www.congresscloseup.com/cc_demo/index2.html

http://congresscloseup.com/dev/

http://www.opensecrets.org/

http://www.followthemoney.org/database/graphs/lobbyistlink/index.phtml?PHPSESSID=30b4df7dcd87bd874e640d248f61ca40&gclid=CKvc1cDZzKoCFcO77QodSUll1g

Who Owns YOUR Favorite Lobby Whore!

Dont search the guy you hate! search the guy you LOVE and see how long you continue to LOVE him!

They are ALL Bought and Paid for Whores who are out to SCREW! "We the People" as often and as hard a possible!

WAKE UP YA'LL!

Fri, 08/19/2011 - 20:48 | 1579724 CompassionateFascist
CompassionateFascist's picture

Actually, in a mid-1980s study (Israel and the American National Interest) Cheryl Rubenberg documented the TOTAL US (public plus private) annual economic transfers to Israel at >30 billion$. Probably up to c. $50 billion by now.

Fri, 08/19/2011 - 22:51 | 1580033 FinalCollapse
FinalCollapse's picture

What a wonderful time to attack Iran, when you 81 Members of the Congrees, screwing hookers in Israel. In case Congresscritter objects, they will roll the tape of the sex acts.

Fri, 08/19/2011 - 16:34 | 1578816 CHARLIE.DONT.SERF
Fri, 08/19/2011 - 17:17 | 1579074 JW n FL
JW n FL's picture

Best Name Ever!

Fri, 08/19/2011 - 18:01 | 1579241 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Trolls don''t surf, neither.

Fri, 08/19/2011 - 16:35 | 1578819 ultra86
ultra86's picture

Bravo problemfixr... I fully realize a lot of ZH'rs feel Alex is out of his mind... I've been listening for over a decade, he's the real thing, and he speaks truth. If people can't handle the truth then that's their problem. Does he sensationalize at times? Sure... This is the nature of radio... but I'll put his record up against anyone else's on earth, anytime, anywhere. http://www.infowars.com

I hope everyone takes some time this weekend to enjoy the ones you love. The good ol' days are running out of runway.

...and a GOLD BITCHEZ to you all...

Fri, 08/19/2011 - 17:49 | 1579202 thedrickster
thedrickster's picture

Alex Jones is the real deal.

In an empire of lies it is the Empire's own conspiracy theories that are absurd, e.g. WTC7 dropping into its own footprint, underwear bombs, etc.

Fri, 08/19/2011 - 18:02 | 1579253 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Alex needs some acupuncture.

Fri, 08/19/2011 - 16:35 | 1578821 Head_Shots_Work
Head_Shots_Work's picture

Lock and load. This revolution probably WILL be televised, until all the media bastards are killed anyway.

Fri, 08/19/2011 - 16:35 | 1578824 AndItsGone
AndItsGone's picture

Prediction: The 2012 Silver Eagle will be the last one produced by the US Mint. It will cost around $75 when it is released. Discuss.

Fri, 08/19/2011 - 16:37 | 1578837 JW n FL
JW n FL's picture

Put me down for 10 monter boxes!

Fri, 08/19/2011 - 16:37 | 1578841 Bear
Bear's picture

2012 ... end of the Mayan calendar no more dates available for coins

Fri, 08/19/2011 - 18:02 | 1579251 nmewn
nmewn's picture

I've always thought that was a weird one. The Mayans were so intelligent they discovered the end of the calendar (or time or whatever) but missed their own cultural collapse.

Enigmas, riddles etc...

Fri, 08/19/2011 - 18:24 | 1579315 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fuckin' a.....

Fri, 08/19/2011 - 18:58 | 1579355 tip e. canoe
tip e. canoe's picture

actually nmewn, the glyph that represents the katun (~20 year period) in which the Classic Mayan civilization really went under (of course the exact timing is debatable) is exactly the same glyph that represents the katun we're living in right now and which is the final one of the Long Count.   since there's a total of 20 glyphs, there's a 5% chance of that happening by coincidence.

also good to think of the Mayan calendar as a fractal within a fractal within a fractal and so on and on with complex patterns repeating themselves (it never "ends" btw).  in this sense, katuns that share the same glyphs also share similar qualities.

so maybe they did predict their own collapse, but still couldn't (or wouldn't) do anything to stop it.   sound familiar?



p.s. also, know i've been spamming this video all week (sorry) but maybe you're the one who was meant for.   a modern western interpretation of the mayan calendar:

http://www.youtube.com/watch?v=tsak0fG6WE4

right around 8:00 he gets into the topic of our convo earlier this week "the wrestling match between the consciousness of ethics and the consciousness of power".

as always, YMMV...enjoy.

Fri, 08/19/2011 - 19:20 | 1579472 nmewn
nmewn's picture

"so maybe they did predict their own collapse, but still couldn't (or wouldn't) do anything to stop it.   sound familiar?"

Well yes it does...lol.

However, it is we (modern man) who are now doing the interpreting. Don't get me wrong here tip...I love this kind of stuff (history, archaeology etc.) but I take the old line view of hard proof backed with peer reviewed evidence.

For your review & consideration...

"Now, however, research conducted by Gerardo Aldana, associate professor of Chicana and Chicano Studies at UC Santa Barbara, suggests that the GMT constant –– which has never actually been proved conclusively –– could be inaccurate by 50 to 100 years, or more."

http://www.ia.ucsb.edu/pa/display.aspx?pkey=2317

It makes for interesting discussion and sometimes provacative headlines...for me...but you have to remember I'm a confirmed skeptic/cynic on many things...I am surprised less that way ;-)

Fri, 08/19/2011 - 19:55 | 1579578 Cheesy Bastard
Cheesy Bastard's picture

Cool.  I spent 2 summers doing prehistoric native american archeology in the White mountains of California at an abandoned navy high altitude research station. It was with the anthropology department of U.C. Davis.  Feels like a hundred years ago.

Fri, 08/19/2011 - 20:36 | 1579644 tip e. canoe
tip e. canoe's picture

absolutely, always held space that the codex was one giant karmic fuck-you from the indigenous people to the spawn of the culture that massacred them.   think of it, a materialist society implodes by creating a self-fulfilling prophecy about the end of the world from a 'primitive people' that turned to be a miscalculation.   that beats "Montezuma's Revenge" all to shit (literally).

there's a theory floating around woowooville that the Gregorian calendar was actually designed around one of the original codices brought back and given to the Vatican.   this one's fun:

http://www.in5d.com/december-21-2012-1111-mayan-calendar.html

another interesting story about the Dresden Codex is that it was one of the few books to survive when Berlin was torched at the end of WWII.   can't remember the nationality of the soldier, but story is he ran into some burning Nazi building, grabbed some random books and got out alive, books in hand.   the DC was one of them.   ....or so the story goes...

what's fascinating to me is that, given the Mayans' prowess at accurately mapping celestial bodies, the calendar marks the centerpoint between astronomy and astrology, science and myth, theory and belief, reason and intuition, the left brain and the right.

with that said, riddle me this : if the professor in the link you sent is correct and the Venus Table, and thus the Long Count, is off, how could the Lunar Series (that's also on the DC) still be accurate, considering that the Gregorian calendar is on a Solar year in which the lunar cycles don't match up?

Fri, 08/19/2011 - 21:28 | 1579808 nmewn
nmewn's picture

"absolutely, always held space that the codex was one giant karmic fuck-you from the indigenous people to the spawn of the culture that massacred them.   think of it, a materialist society implodes by creating a self-fulfilling prophecy about the end of the world from a 'primitive people' that turned to be a miscalculation.   that beats "Montezuma's Revenge" all to shit (literally)."

I think we can all lament the passing of cultures for (whatever reasons)...but the Mayans and their empire were not "choir boys" either. They had warriors and conquered just like all others. And their culture didn't really die, just the empire, they're still around. We can leave that there...emotionally.

Not sure if I understand the answer you want to the riddle but the Gregorian calendar (and many others) are adjusted...they contain leap years and are not a precise solar measure. In other words, if you are trying to measure one foot with an eleven inch ruler you will be a little off with every successive measurement over time..and so will the translation or interpretation, which is what he is saying I believe. 

From what I understand the date, December (I can't remember) 2012 is a misinterpretation of their calendar as any proper calendar will "roll" to the next sequence (year, decade, century etc.)...as time does not stop even if there is no one around to observe it.

Fri, 08/19/2011 - 22:44 | 1579980 tip e. canoe
tip e. canoe's picture

of course i know that bro, they were an Empire and sooner or later, all Empires get squashed and consumed by other Empires.   'tis the flow of History, no blame.   and yes, i know they're still around.    i'm friends with one, an 80 year lady still wearing traditional dress in the Big American City.   awesome woman, even if i can't understand a lick of what she's saying, we still can speak through gift exchange.

my question was if the Long Count is off, why are their predictions of eclipses and such still accurate, sometimes to the day?

and yes, you're right, their calendar is misinterpreted by most, it will flip whenever that end date is, it's only that the sequence in this case is a pretty darn long one --  5,126 solar years.   on that timescale, 50-100 years is but a drop in the bucket.   kind of like Turd being off by a couple months on his golden predictions.

now, let's see what happened around the beginning of this sequence:

http://en.wikipedia.org/wiki/32nd_century_BC

Varna Necropolis: what have been claimed to be the earliest-known worked gold artifacts are manufactured.

3150 BCNarmer (First Dynasty) started to rule in Ancient Egypt.

Ancient Egypt: Earliest known Egyptian hieroglyphs

language, gold & rulers still consume our thoughts after 5,000 years.   and isn't it odd that at the end of this sequence, there is so much talk about Peak Everything on the planet?   like AN says above, what comes first, the chicken or the egg?

share your skepticism, but mine is just targeted more towards using the Gregorian calendar as a reference point.   from most accounts, Pope Gregory XIII was a evil crafty bastard deep into the occult, so I wouldn't trust anything that he commissioned.

Sat, 08/20/2011 - 07:02 | 1580596 nmewn
nmewn's picture

"my question was if the Long Count is off, why are their predictions of eclipses and such still accurate, sometimes to the day?"

Ahhh, I see. I didn't mean to imply inaccurate. Their marking of time is remarkably accurate. That is where the study of past generations & cultures is so fascinating. We, modern man, always approach every subject as if we hold all the accumulated knowledge of the world before us and understand it. We think we understand everything as the starting point for us to investigate any and all new mysteries. We should approach things with a little more humility.

One of my favorite ridiculing observations of modernity is when some scientist/archaeologist somewhere comes forward and pronounces "this changes everything we thought we knew about" X. Well now (I think to myself) what does this say about anything this group may pronounce in the future?...lol.

"and yes, you're right, their calendar is misinterpreted by most, it will flip whenever that end date is, it's only that the sequence in this case is a pretty darn long one --  5,126 solar years.   on that timescale, 50-100 years is but a drop in the bucket.   kind of like Turd being off by a couple months on his golden predictions."

Exactly. It will flip. Just like Y2K flipped to 2001. Good & bad things happened on the solar days & nights of 1999 just as in 2001...just a different point in time. Our tracking of time (however we do it) had nothing to do with the events themselves. Turd's observation of market & social forces being generated at that point in time was an extrapolation he carried forward to make his prediction (which was accurate) to a point in time in the future. The calendar he used was not what was important as everyone (mostly) uses it...it was his observation of those forces and placing a finish line on a fixed future date that was his achievement.

"language, gold & rulers still consume our thoughts after 5,000 years.   and isn't it odd that at the end of this sequence, there is so much talk about Peak Everything on the planet?   like AN says above, what comes first, the chicken or the egg?"

My view is the world is not a static place. Its fluid, it changes. I'm not much on the peak everything either. Mans capacity to adapt to change is often overlooked. It is what has allowed us to become the dominant species if one believes in Darwinism and alternately, it was pre-ordained if one believes in Creationism.

"share your skepticism, but mine is just targeted more towards using the Gregorian calendar as a reference point.   from most accounts, Pope Gregory XIII was a evil crafty bastard deep into the occult, so I wouldn't trust anything that he commissioned."

As a Protestant, I share your view of Pope Gregory and all popes...lol.

Fri, 08/19/2011 - 16:39 | 1578858 unky
unky's picture

Who buys Silver Eagles anyway? Way to expensive, I prefer Maple Leafs

Fri, 08/19/2011 - 17:37 | 1579158 toady
toady's picture

+1

Fri, 08/19/2011 - 16:38 | 1578847 JW n FL
JW n FL's picture

becuase its you I am interested?

what does this do? keep us contected?

Fri, 08/19/2011 - 16:41 | 1578883 faustian bargain
faustian bargain's picture

take turns DJing, chat, etc.

In lieu of the old 'radio ZH'

Fri, 08/19/2011 - 16:36 | 1578827 Bear
Bear's picture

Im all over this thread

Fri, 08/19/2011 - 16:57 | 1578963 fuu
fuu's picture

Mom?

Fri, 08/19/2011 - 17:17 | 1579069 caerus
caerus's picture

lol

Fri, 08/19/2011 - 23:19 | 1580116 snowball777
snowball777's picture

Sup.

Fri, 08/19/2011 - 16:36 | 1578832 gaoptimize
gaoptimize's picture

Does anyone else see the synchronicity of the news thugs are pulling gold necklaces off women in Oakland CA and Hugo Chavez demanding delivery of 99 Tons?

 

Fri, 08/19/2011 - 18:06 | 1579261 nmewn
nmewn's picture

Western Union makes gold neklace wire transfers? 

Why, this changes everything!

Fri, 08/19/2011 - 20:01 | 1579605 Yen Cross
Yen Cross's picture

You never cease to amaze me.  Like a { Middle Man} in a Bond Flick.

Fri, 08/19/2011 - 21:44 | 1579853 nmewn
nmewn's picture

LOL!!!...at times I'd rather be the the pivot man in a blonde flick...but those days are gone.

Marriage will do that (plus, she's a really good shot...lol)...now, only one occupies gooold memberrr ;-)

Sat, 08/20/2011 - 11:03 | 1580955 Hulk
Hulk's picture

Electromigration Bitchez! Closest thing we have to a transporter...

Fri, 08/19/2011 - 16:37 | 1578838 equity_momo
equity_momo's picture

Even as a bear in an obvious bear market i decided to go flat into the weakend reading this headline on ZH.

Bear brains to be splattered all over The Bernanks windscreen before month end.

Youre starting to sound like Robotrader , Tyler.

Fri, 08/19/2011 - 17:20 | 1579087 Bolweevil
Bolweevil's picture

chicken

Fri, 08/19/2011 - 16:37 | 1578843 lieutenantjohnchard
lieutenantjohnchard's picture

speaking of bears. how would you have liked to have been a gold bear with conviction this week?

Fri, 08/19/2011 - 17:15 | 1579061 MsCreant
MsCreant's picture

Gold bitch smaked!

Fri, 08/19/2011 - 16:38 | 1578850 InExile
InExile's picture

If Burger King is pulling the King from TV commercials, can I still get the paper crowns?

 

 

Fri, 08/19/2011 - 16:51 | 1578933 caerus
caerus's picture

the king is dead...long live the king!

Fri, 08/19/2011 - 17:17 | 1579077 MsCreant
MsCreant's picture

Didn't you know they just print those crowns?

Fri, 08/19/2011 - 17:37 | 1579160 knukles
knukles's picture

Leads me to wonder if I can get a double cheesy FRN crown for under a buck, too?

Fri, 08/19/2011 - 18:28 | 1579326 MsCreant
MsCreant's picture

I'm not sure how many crowns you can get for a buck (paricularly if they print them as opposed to coining). The bucks with Geithner's signature on them are particularly cheesy, double cheesy for sure. I don't follow the currency exchanges so I guess I am at a disadvantage. ;-)

Fri, 08/19/2011 - 16:38 | 1578853 SumSUN
SumSUN's picture

I haven't bought a smart phone yet.  Still waiting for one that comes out and blows everything else away.   

Silver Bitchez!

Fri, 08/19/2011 - 17:36 | 1579155 Cheesy Bastard
Cheesy Bastard's picture

If they come out with a smart phone that blows, I will finally get one too.

Fri, 08/19/2011 - 18:08 | 1579266 nmewn
nmewn's picture

Set it on vibrate...works for me ;-)

Fri, 08/19/2011 - 22:02 | 1579903 Cheesy Bastard
Cheesy Bastard's picture

If that's the case, I will buy one right away for the wife.  If she's happy, I'm happy...

Fri, 08/19/2011 - 22:19 | 1579940 nmewn
nmewn's picture

Happiness...is a warm phone...bang bang shoot shoot ;-)

Fri, 08/19/2011 - 16:38 | 1578854 PhattyBuoy
PhattyBuoy's picture

Tyler says - "our work here is done" ...

at least for a couple of hours!

Fri, 08/19/2011 - 16:39 | 1578859 InconvenientCou...
InconvenientCounterParty's picture

tail is to dog

as bear is to market

as market is to the Federal Reserve

Fri, 08/19/2011 - 16:39 | 1578863 imsaul0968
imsaul0968's picture

Buy hold Hope? Not a good investment strategy. Perhaps having a plan in place to be long global equities when the risks favor it and be out of them when conditions don't favor it is a better approach. Sounds like the holy grail. Maybe. But I found a sophisticated portfolio system that has a risk-on/off indicator and its done exceptionally well this year and went risk-off june 30th and has been invested in short term treasuries. Its now +8.5% YTD when the SPY is down 10%. When does the system go risk-on? Who knows, lots of damage has been done so it will take some stabilization in prices, better technicals and a collapse of some volatility to get the fundamental indicator back to risk-on. In the meantime, we sit and wait. We send out a weekly market update every sunday night, if youre interested in getting on the distribution list email me at eclark@breakaway-partners.com and I'll add you to the list and send you the most recent edition.  Crazy times call for a different approach than Buy, Hold, and Hope. Have a great weekend.

Fri, 08/19/2011 - 17:04 | 1578994 nyse
nyse's picture

Do you also provide your loyal followers/readers with notifications when the system/model/whatever changes signals, in addition to the weekly updates, I mean. TIA

Fri, 08/19/2011 - 16:39 | 1578864 Apocalypse Now
Apocalypse Now's picture

Look at TLT (long term bonds) here, they are higher than at any time since the beginning of 2009 despite credit rating issues and record low interest rates while gold just hit a new record high.

If fixed income is smart money, this is signaling recession and we are in trouble.

Anybody else noticing this?

Looks like the Fed will be forced to provide more stimulus. With ZIRP to 2013 there will be no real return on short term government bonds. Why not park sideline money into gold and silver instead of cash or short term bonds? Venezuela gold could take two months for delivery so we might see a pullback in the interim to shake holders out of positions to free up physical. If they are smart they will realize the wealth effect does not care which investment vehicle is chosen and allow all assets to inflate including gold and silver which could then be leveraged as capital to invest in other assets like stocks and US treasuries (Gov approved investments).

The only thing standing in the way of the Fed launching more easing is precious metals and political mood. They have proved that they can set interest rates along the curve, but gold price has been more elusive (Larry Summer’s original paper on the gold paradox stated you could print as much as you wanted if you could hold gold and interest rates steady – prompting Dick Cheney to state deficits don’t matter). With little prospect for growth, capital flees to safety for preservation in the face of inflation. The only thing that brought the price of gold down by Volker in the 80?s was raising interest rates to 20% – but the Fed has promised ZIRP until 2013 so gold should keep going up.

Anyone that calls themselves a finance professional should see the movie Rollover.

Excerpt:

http://www.youtube.com/watch?v=KUsj7EdZigM

http://www.youtube.com/watch?v=m1aQ-XGWors (this explains Venezuela’s move)

From the movie: “Gold is over $2,000…that will be cheap tonight”. “Riots throughout Europe”. Arabs pulling their wealth from banks and going to gold.

Was this a movie or a blueprint? Interesting parallels. For those that do not want to be in the middle east, a light bulb should go on regarding the petro dollar. I wonder if there is a tug of war right now between the West with oil pricing and OPEC nations moving to gold.

Cooler heads should prevail, but Cramer looked pretty nervous yesterday talking about European banks and that he wouldn’t go out on a limb again saying Bear Stearns is fine.

Fri, 08/19/2011 - 17:02 | 1578985 fuu
fuu's picture

Rollover and Network make a good double feature.

Fri, 08/19/2011 - 17:42 | 1579181 Strider52
Strider52's picture

The Vegas odds of Hugo Chavez being alive in 60 days is 90-10 against him.

Fri, 08/19/2011 - 18:04 | 1579257 rodocostarica
rodocostarica's picture

dont worry with the great Cuban health care (sic) Hugo makes 120 days easy. You may not want to look at him after 90 days but take the bet. 

 

And thanks bald Hugo for your moving the gold.

Fri, 08/19/2011 - 18:57 | 1579396 Arkadaba
Arkadaba's picture

Long time no see - miss your point of view (POV for the twitter crowd)

Fri, 08/19/2011 - 22:09 | 1579917 knukles
knukles's picture

The bond markets for the past 20 years have been the best leading indicator of future economic conditions.

Much to the aggravation of our equity management brethren.  Who IMHO are by and large a bunch of navel gazing egocentric charlatans.

Fri, 08/19/2011 - 16:40 | 1578872 Gringo Viejo
Gringo Viejo's picture

After the '87 market crash, Greenspan's reflation, the advent of the President's Working Group,...about '93 I realized that free market capitalism had morphed into a fraudulent, backstopped trading platform that had very little to do with "investing" as I'd known it and very much to do screwing the little guy and living large off of OPM. That's when I started buying silver. The rest, as they say,.....

Fri, 08/19/2011 - 16:40 | 1578873 caerus
caerus's picture

bravo! open thread's a great idea...especially on a friday

Fri, 08/19/2011 - 16:41 | 1578884 reefermadness
reefermadness's picture

Short of gold religious experience dead ahead DMT not required.

Fri, 08/19/2011 - 23:25 | 1580137 snowball777
snowball777's picture

http://www.youtube.com/watch?v=aYOpSCgCN74

"...gyroscopes and infra-red...won't help the braindead..."

Fri, 08/19/2011 - 16:41 | 1578885 TheFantasticMonkey
TheFantasticMonkey's picture

Average-In to the Fucking Dip

Fri, 08/19/2011 - 16:41 | 1578886 AmazingLarry
AmazingLarry's picture

If a bear market shits in the woods, does Benny hear it?

 

 

Fri, 08/19/2011 - 16:41 | 1578888 Rastadamus
Rastadamus's picture

Fuck Yeah! I want it all to burn!!!!!!!!! I looked at my 401 K and realized most of the money that used to be there, is now in my safe deposit box with the rest of my gold. And guess what, a lot of money that the other suckers have lost has found it's way into my metals...... Bwhya hahahahaha!

 

Gold and Silver Bitchez!~!!!!!!

 

 

 

Fri, 08/19/2011 - 16:41 | 1578889 Atlantis Consigliore
Atlantis Consigliore's picture


Does anyone else see the synchronicity of the news thugs are pulling gold necklaces off women in Oakland CA and Hugo Chavez demanding delivery of 99 Tons?

 

and the flash mobs scampering downtown in Chicago on Michigan Ave high end shopping disctrict or

How about fast and furious  to target gun control in US that backfired:  

Or the instant 300,000 new voters....

how about the selective executive order on deportation of

Illegal Aliens........Just a gigalo everywhere they go.

 

lol. 

 

memo to conspirator theorists:

"Vacation for Dummies is the book,  and Caddyshack i

 

will be looked at sternly by a Groundchuck,

 

(the bunny Jimmy Carter 1.0 ) attack. 

 

 

Fri, 08/19/2011 - 17:16 | 1579063 chubbar
chubbar's picture

Congress votes down the dream act because over 70% of the population doesn't believe that the criminals should be rewarded for their crime and called/wrote letters by the millions to get that piece of shit legislation stopped in its tracks.

The cocksucker in chief decides that representative gov't and the constitution are just quaint beliefs. Instructs Napolitano to disregard US laws on the books and issue amnesty to millions of lawbreakers. Congress continues to sit around staring at the ceiling with their thumbs up their asses. This isn't going to end well at all.

Fri, 08/19/2011 - 20:58 | 1579745 CompassionateFascist
CompassionateFascist's picture

Can't fault Zero's timing tho...did it while Congress in recess. Somehow, I'm not expecting Repubes to bring a Bill of Impeachment when they come back......yummm, all that newly-legalized sweatshop labor.

Fri, 08/19/2011 - 17:38 | 1579164 JW n FL
JW n FL's picture

memo to conspirator theorists:

"Vacation for Dummies is the book, and Caddyshack i

 

will be looked at sternly by a Groundchuck,

 

(the bunny Jimmy Carter 1.0 ) attack.

******************************************************

http://www.youtube.com/watch?v=U4xuZMpmXtc

Fri, 08/19/2011 - 16:41 | 1578890 AlaricBalth
AlaricBalth's picture

Does anyone know when the new season of American Idol starts? Thank goodness there is an Dolphin pre-season game tonight. Need to immerse myself in TV, the opiate of the people. [SARC]

Fri, 08/19/2011 - 16:43 | 1578899 hognutz
hognutz's picture

January.....

Fri, 08/19/2011 - 16:42 | 1578891 papaswamp
papaswamp's picture

Open Thread means TD and crew are going out drinking...

Fri, 08/19/2011 - 16:42 | 1578892 Sudden Debt
Sudden Debt's picture

NEXT WEEK WILL BE GREAT!!

IT'S LIKE EVERY GOVERNMENT IN THE WORLD IS ON VACATION WHILE ROME BURNED DOWN AND THE BARBARIANS ARE STEALING WHAT'S LEFT!

 

Fri, 08/19/2011 - 16:50 | 1578926 Motorhead
Motorhead's picture

Even though Belgium's government seems to be on permanent vacation. they somehow found the time to ban smoking in all pubs as of July 1st.  I didn't mind the smoke as it covered up the smelly drainage system at our local pub, hehe.

Fri, 08/19/2011 - 17:46 | 1579191 knukles
knukles's picture

Fuckin'-A!
Exactamundo!
With all the honchos on vacation, I can just see it now; power drunk, lower level staffers press ganged into weekend watch and media appearance service, dying to make their bones, go shooting off their mouths about something sensitive for which they and their whole fucking departments have no business eben thinking about (like the undersecretary in Waiting for Some Form of Monetary Distinguishment and Exchange of Burger King Crowns starts ranting on Lilly Blankfiens newly found timeshare vacation rental condominium owned halftie-fifty with Assad in Syria) (follow the threads, kids) another 17 sub senior passed over 6 times for GS12 staffers come oozing out the woodwork, contacting the press on the basis of anonymity as nobody's supposed to even know about this shit or they have to be killed, and V-o-i-l-fucking-a, confusion abounds! 
It's a veritable setup!

Fri, 08/19/2011 - 18:11 | 1579275 nmewn
nmewn's picture

I love the smell of burning Keynesians in the morning.

Fri, 08/19/2011 - 20:38 | 1579699 krispkritter
krispkritter's picture

+1 Bonfire!

Fri, 08/19/2011 - 21:47 | 1579862 nmewn
nmewn's picture

A funeral pyre bithez! ;-)

Fri, 08/19/2011 - 19:07 | 1579426 disabledvet
disabledvet's picture

It's really not stealing. Think of it more as borrowing...for "an extended period."

Fri, 08/19/2011 - 16:42 | 1578898 hognutz
hognutz's picture

FDIC Friday!   Wonder what surprises the weekend will have...

Fri, 08/19/2011 - 17:05 | 1579005 zorba THE GREEK
zorba THE GREEK's picture

I get a feeling Europe is going to make big announcement this weekend while markets are closed.

If not, next week is going to be hectic for markets. Something has to break there soon.

 

Fri, 08/19/2011 - 18:36 | 1579347 gwar5
gwar5's picture

Me too. This is the time to dump the end of world announcement.

Fri, 08/19/2011 - 16:43 | 1578901 gall batter
gall batter's picture

I'm not afraid of much.  But I'm afraid of something.  My body tells me so.  

Fri, 08/19/2011 - 16:44 | 1578902 Atlantis Consigliore
Atlantis Consigliore's picture

Republican Conspiracy:

looking on internet for BUNNY that swam next to Jimmy Carter 2.0;

looking for a Bunny or Woodchuck from Caddyshack to look mean at

 

o Dumbo....

 

Fri, 08/19/2011 - 17:11 | 1579035 zorba THE GREEK
zorba THE GREEK's picture

That bunny story has to be one of the all-time strange stories. That, and when Pravda Russia #1 news agency reported that

space ship landed in main Moscow Square.  Soon after, USSR broke apart without resistance. 

Fri, 08/19/2011 - 16:44 | 1578903 GCT
GCT's picture

I would just like to thank most of you.  You may be jerks, arrogant, sometimes stupid, but most of the time you tell it like it is.  ZH one of my favorite sites and thanks to all of you for making me laugh and keeping it real most of the time anyway.  Yes I gold gold bitchez!!  My precious hehe!

My best times is watching the pundits go down in flames on this site!! Yippee kai yah Mfers!!

Fri, 08/19/2011 - 16:44 | 1578905 Keri at Bankste...
Keri at Bankster Report's picture

Open thread?  Ok---can someone please explain this insane Brent-WTI spread?

I don't know much about energy markets, but I have a good enough memory to know that this is highly unusual.  What are the reasons for this, and at what point does arbitrage step in (as I thought it would have already)?

I have read a little about the $7 rail arb chance, and a little about the Seaway pipeline reversal controversy.  But I still feel I don't understand this at all.  Some help would be greatly appreciated.

[Incidentally, one fancy/thought I've had is that there is a certain balance sheet padding possible for the euro-side as long as the spread favors Brent, not to mention some aid for our Saudi oil masters; I've even mused about the possibily that it is an "oil swap" of some kind to nominally benefit said euro banks' sheets, but I have absolutely no evidence of that, and I would instinctually think that a good arb trader out there would jump on that chance, anyway.]

I'm confused and bewildered.

Fri, 08/19/2011 - 16:57 | 1578964 Starving Artist
Starving Artist's picture

From what I can tell, it's due to the political unrest in the Mideast and Asia/China demand.  USA buys majority of oil from Alberta oil sands - we Canadians not smart enough to build a pipeline over the Rockies to sell to that market, we sell due south to Cushing.  EU and Asia buy from Africa and Mideast.

But I may be wrong, I'm new to this crap

Fri, 08/19/2011 - 17:55 | 1579228 knukles
knukles's picture

Mostly due to the bazillion gallons of oil being piped into the US from Canada (tar sands) which (oversimplified but will suffice) winds up in Cushing OK storage.  Where the pipeline flow.  Now, the price of the US contract is based off of guess where delivery?  You got it, storage in Cushing, OK.  Drowning in the stuff, so driving the price down.
No major pipelines to carry the oil off site, offshore, etc.  Physcial bottleneck in large part. 
Brent on the other hand has not the supply constraint at the momet and as such more fairly represents the clearing/benchmark price for international oil transactions.
The relationship between Cushing and Brent may have been permanently destroyed by virtue of physical (current as they exist at the moment) facilities capacities.
Nothing spectacular, shady or of a major revelationary nature.

Fri, 08/19/2011 - 17:03 | 1578992 11b40
11b40's picture

Speaking of Oil:  Senator Bernie Sanders vs the speculators.

U.S. oil speculative data released by Senator, sparking ire

By Sarah N. Lynch

WASHINGTON (Reuters) - Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.

Senator Bernie Sanders, a staunch critic of oil speculators, leaked the information to a major newspaper in a move that has unsettled both regulators and Wall Street alike.

In a June 16 e-mail reviewed by Reuters, a senior policy adviser to Sanders discusses how his office received private data with the names and positions of traders and forwarded it exclusively to a Wall Street Journal reporter.

The e-mail, which also attaches two files with the data, was sent to Public Citizen's Tyson Slocum asking him to review it and speak with the newspaper about his observations.

In a statement from Sanders provided to Reuters, Sanders said he felt the data needed to be publicly aired.

"The CFTC has kept this information hidden from the American public for nearly three years," he said. "This is an outrage. The American people have a right to know exactly who caused gas prices to skyrocket in 2008 and who is causing them to spike today."

The leaked information has sparked concern at the Commodity Futures Trading Commission, which is legally prohibited from releasing confidential information that identifies trader positions and identities.

The leak also raises broader questions as U.S. regulators gear up to collect massive new amounts of private data from market players on everything from swaps and hedge funds to blueprints for how large financial firms can be liquidated. The breach of data could make Wall Street less reluctant to hand over sensitive information if they fear it is not appropriately safeguarded.

"This type of incident will have a chilling effect on derivatives trading in the U.S. because market participants will be reluctant to take the risk that their positions will be exposed to the public-and their competitors," John Damgard, president of the Futures Industry Association, said in a statement sent to Reuters.

Republicans have already raised concerns in recent hearings about the Treasury's new Office of Financial Research created by Dodd-Frank, and whether its collection of data from hedge funds and banks may constitute a regulatory overreach.

Although the CFTC is barred from releasing confidential data, the law does require the CFTC to hand over such information if a Congressional committee acting within its proper authority requests it. Once it is in the hands of Congress, there is nothing to prevent lawmakers from releasing it publicly.

The leaked data contains long and short positions held by oil traders in 2008, the same year that oil prices spiked to $147 a barrel. Critics at the time accused oil speculators of driving up prices, leading lawmakers to later insert a provision into the Dodd-Frank Wall Street overhaul law compelling the CFTC to place stricter limits on how many commodity contracts any one trader can control.

Among the kinds of traders accused of excessive speculation included passive long investors such as pension funds, which often seek exposure to commodities markets indirectly by going through an intermediary swap dealer such as such as Goldman Sachs and Morgan Stanley.

The data that was leaked to the Wall Street Journal was compiled by the CFTC in 2008 during a "special call" in which the agency sought crude oil position data from swap dealers so they could piece together market activity occurring both on and off the exchange, people familiar with the matter said.

The CFTC first became aware of the breach of the data after a staffer from Sanders' office sent the agency an e-mail with the information and asked the CFTC's chief economist to discuss it more.

The agency began exploring internally whether or not any staffers were responsible for the leak, and concluded that no CFTC employees were involved, according to people familiar with the matter.

It is unclear exactly how Sanders acquired the private information, and a spokesman declined to say.

But people familiar with the matter say the data later obtained by Sanders was first formally requested by the U.S. House Energy Committee. From there it somehow migrated over to the U.S. Senate.

Fri, 08/19/2011 - 17:19 | 1579082 chubbar
chubbar's picture

CFTC has been sitting on an investigation of concentrated shorts in the Silver market that has gone on for longer than this one noted in the article.

How about one of those congressmen getting concerned over that fraud???

Fri, 08/19/2011 - 17:51 | 1579214 thedrickster
thedrickster's picture

"How about one of those congressmen getting concerned over that fraud???"

Can't eat it, can't burn it and can't buy it with SNAP. Not interested.

Fri, 08/19/2011 - 16:45 | 1578912 Chippewa Partners
Chippewa Partners's picture

Blue Horseshoe loves ZeroHedge!    The best web site on the planet only gets better!  Gotta love the sound of the KACHING the metals are making.

Tyler and crew rock!  

 

Fri, 08/19/2011 - 17:08 | 1579021 tigsman
tigsman's picture

On that note...silver zero(hedge)-ing in on $43!

Fri, 08/19/2011 - 17:48 | 1579198 NotApplicable
NotApplicable's picture

Well, isn't that interesting. So, is it being walked up for the next PM raid, or is it getting ready to take-off again in pursuit of gold?

Fri, 08/19/2011 - 16:48 | 1578915 bbq on whitehou...
bbq on whitehouse lawn's picture

I don't know. Is that ok?

By next year income may drop by 1/2.

Small business, medium businesses will start to fold.

Its not just about the market traded, its about that small business that wants to believe in a brighter future.

People who did vary well a few years ago are on the verge of welfare. Businesses who have won muli-million dollar contracts are now haveing none.

Good people with children are going to crack.

I dont know. Is that ok?

 Do you know?

Will it matter?

Nightmares apone nightmares. Dreams of zombies and worse.

If i do well and survive while the rest die, that cant be good.

Nightmares and worse.

Then i wake up and see only that my doing well causes resentment in others.

Nightmares and worse.

Fri, 08/19/2011 - 17:01 | 1578984 Starving Artist
Starving Artist's picture

I don't delight in the misery of other either

The middle class was sold an illusion while the elites skimmed for decades

I don't know about your families, but mine are more or less financially illiterate.  While that means they may not be wiped out in a market crash, they are very vulnerable to inflation (gas prices are squeezing my parents) and RE price correction (yet to visit us in Canada)

Are you prepared to support your loved ones as well?

Do NOT follow this link or you will be banned from the site!