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Isn't Roubini from Belarus?
Need A Good Fix Of HOPIUM...
Anyone know a good dealer, Bummah, Burnenkeee ???
Belarus is a backward country. Their government officials and central bankers do not have access to intellectuals of the same calibre as our officials in the US. We have the best economics schools in the world. People all over the world compete for the priveledge of being educated by our professors, because they are second to none in competence and intellect.
Yeah Right... AND Our Economy Is Going Gangbusters...
Gooo Usa MBA's !!!
Your kidding...right? What a complete BS comment. I don't think your MDB is gonna last long with your ouotlook.
You're my new favorite troll. I haven't seen Hamy Wanger in a while, so kudos to you. You're gonna get a lot of people with this gag before they get it.
I gotta admit that he has a certain panache....
I get a bigger charge out of the people that get their underwear in knots... Who is smarter? The matador or the bull that charges at the red cape?
With your constant, unquestioning bootlicking of figures of authority such as central bankers and "intellectuals", and an unbridaled (not to mention substanceless) thirst for central planning, MDB, i think you are my new favorite troll.
junking you puts a twinkle in my eye.
"Second to none in competence and intellect"... This has got to be a joke. On a good day, I'm not that bright, but Ill trade me for a thousand intellectuals any day of the week. Its intellectuals like Bennie, Summers, Romer (after she sold her soul) and Krugman that have destroyed this once great country. "Intellectuals.." Trolls, all of them. I say round them all up and put them to work in the steel mills
WOW what an opportunity. We could buy some bellrus bonds, and get lots and lots of interest. Whee!
Is a night with a high class hooker now double? Or the same price relative to wages?? I imagine most high class hookers rely on forigners for their trade; while lower class, fatter round the edges, rougher hookers rely on local guys - builders, postmen, teachers, accountants etc etc none of whom have seen wage increases!
So while high class hookers might put up their prices a little (though probably not matching inflation) I'd be low class hookers have to keep their prices in line with local wages.
I've always been of the opinion that several visits to low class hookers is better than blowing eveything you have on one high class one. Think about it: low class ones often have more of a love of their craft - while high class ones can be snobby and expect their attractiveness to be enough to part you with your money and not bother put in any effort. And to put it simply, I'd rather shag 3-4 decently attrative chicks that one super hot one. Thats just me, I like doing it a lot.
Could be a hellava destination for a dirty holiday!
You could get two... and then tell one of them to "quit staring at it and eat it." And then kill one and chase the other around your apartment complex with a chainsaw while in your underpants... if she gets too far down the stairs from you, just drop the chainsaw on her. Being a psycho and all...
I can't do that one in Belerus again though, as the fuzz got tipped off that time I kidknapped the headmasters daughter. No, what I'm preying for is Greece to leave the euro, go back on the drachma at 50% devaluation. Gold $3000, Silver $100. Cash out my long positions. 10 hookers in a high class hotel and I line them up like a drill sargent. I get the doing press ups, wrestling each other, pretending to be piggies - I get on one of their backs and race them around the room!...Then out comes the chainsaw!!! They think its a joke hahahheheh! Until I cut off one of their legs AAHHHHHHAAAAAAAAAAAAAHHH!
The rest run for the door! Its locked! Bolted! No way out!!!!!!
I bet then they'd really hate that Papendreau for selling out to the banksters hahaha!
I love the smell of hyperinflation in the morning
Beginning mid-September, Belarus will allow (somewhat) free floating FX of their ruble. At least that's what their chieftain Lukashenko is saying... They will have after-hour FX sessions on their exchange and will let people trade currencies freely. Guess what will happen then?
Hint: Right now, the National Bank of Belarus has a USD ask at ca. 1 USD=5K BYR, subject to strict purchase rationing of course. On the black market the USD ask is over 10K BYR, more than double the official rate.
Their consumer confidence must be sky high.
A glimpse into our near term future here in the west.
...and that assclown BB says the Fed will prevent such conditions. What, by taking the dollah to zero? rotflmao
usa clownbux are different. ask chindia. [/sarcasm]
And the Bears...
That was back in the days...
Now witness the SKI JUMP RAMP...
Oh and by the way..just a "jump" of 50 to 5,000,000...nothing to see here..
I was in Belarus to spend those first 2 bills. Wasn't around for the 5,000,000 bill, but saw the introduction of the 20,000 bill. The place was a basket case then and it lead to the election of Lukashenko. Hate to see what this round of Hyper-I will lead to. I have a feeling it won't be good for the people of Belarus.
Yet..the MSM networks don't care...And THAT by itself should be big news as well...
* Dictatorship, Price Controls, Capital Controls, KGB Control over Mass Media (http://www.youtube.com/watch?v=jW_GLKff3YU)* Rushing to clear bank accounts to buy anything, Empty store shelves, Workers finding themselves suddenly completely broke (http://www.smartmoney.com/invest/markets/could-a-currency-collapse-happe...)* Threats of not supplying electricity from Russia and Ukraine (http://talks.guns.ru/forummessage/151/808256-74.html)* Suspended sales of precious metals from the National Bank (http://democraticbelarus.eu/node/12274)
But of course, that does not happen in the West.
Is transalted like transfatted?
The dollar is toast... but nothing like this is going to happen here as long as oil is priced in Bennie-Bux....
Oil will be a distant memory to most americans soon when the Syria/Iran/Russian war kicks off soon.
Hey, I'll stand by my call.
The Russians have nothing to gain in a direct confrontation with US.... and nobody will go to war over Syria.
Huh? Who will go to war with this triumvirate? They are on the same side right.. Unless nukes come out to play I would not engage just laugh.. Until Turkey comes south with Russia help.. Yeah the sunburns are a problem but they can be pared down to nuisance.
Meh, Chairsatan could fix that in 15 minutes, no problem.
First you set the world up, with a fat, in-efficient but global supply chain.
Then you ensure that no nation is self-sufficient. COnvince them, through bribery (buy their stuff for a while) or coercion (IMF) and pretty soon, no nation seems capable of feedling and clothing it's citizens with what used to be fairly self-sufficient local ecomomies.
At my vegetable seller, a full 80% fruits come from South Africa, the US and New Zealand. How can that make any sense? South Africa to Bangalore and it's cheaper than homegrown?
of course it will end, in tears.
Makes me what to shove a red hot branding iron into the eye of a globalist scum-sucker.
Oh Indian could you tell me the price you pay there retail for potatos, tomatos, grapes per pound in US dollar terms? In India with vast amounts of land and apparent all-year growing season(?) couldn't you just buy a few extra acres and grow all the vegetables and fruits imaginable for an extended family?
In India, most old families have a farm, just like they will have gold. They are tenacious in holding on to what they know is true wealth and what will feed them. They have thousands of years of history that drilled that lesson in. Vivek, plenty of good farmland a little on the outskirts of Bangalore...get it while you can. Couple of acres, you don't need much. Heck, you could go even further afield, help is cheap in India. Smarts ain't gonna feed ya.
i got a few buddies there ..
funny it wont help a thing...
major reason to hike is take money from system, cause as soon as local rubles are out, they are exchnaged for hard stuff and/or hard currencies.. but this action are only worse economical situation..
only solution is bring more $$/euro into belarus to stabilise rate, but Luckashneko wont do it , cause he will be forced to open country , allow foreign investements /etc..
so most likely nearest guys will probably make dictator disappear sooner or later..you cant be dictator w/out natural rsources, look at russia, what is going to happen if brent /light spread dispappear, and brent cost less 90..
russian budget ( > 500 bln$) is balanced if oil is more than 110..
watch out for that black swan, or actually big brown angry russian bear
Well, I hope he disappears sooner instead of later. I agree with you that "large forces" are interested in getting the oil price up; and furthermore the clueless here on the internet want to short the oil price now; probably be back over $100 in time for the first hard freeze. I was going to say, Thanksgiving, but that's a local holiday. Dont' want the bear is get too upset.
Belarus clearly does not have an "exorbitant privilege".
I wonder what gold is worth in their currency.
it is impossible to buy gold as banks refuse to accept BYR currency as payment for gold. First you have to exchange BYR for dollars or euros
Backwardation, with interest rates at 27%!? Unheard of.
They should re-name their currency the Belarussian Rubble.
Funny thing, is in QE2/Tepper Rally, everyone went long financial names. BAC was going to be the transmission mechanism. We all know how that ended.
I speculate that for QE3 there will only be one transmission mechanism:Commodities.
Get ready boys and girls.
Yep. That's the 10 dollar bag of sugar post of the week.
They've been trying to make it medical as well with obama care. Trying to keep it out of commodities. But it's going to end up there anyway.
Send the Bernank!
Ain't it beautiful? All that shitty news just propels it skyward. Every day.
I sure am glad the S&P is holding above 1200. I'm feeling wealthier already. I think I'll go stimulate the economy and spend spend spend.
Gonna buy more gold.
this is an old chart, but it gives a good picture of western bank exposure to central and eastern europe... thought it might be interesting in light of the above.
austria: exposure to CEE 246B, = 55% of GDP!!! specific exposure to belarus 2.1B.. wow.
It was an Austrian (Rothschild) bank that kicked off the last depression.
A couple of years ago; a big Austrian Bank was advertising on their website that "We're not asleep at the wheel, we're forward looking and taking part in the new opportunities in Eastern europe". A lot of people had that idea, "A new Opportunity ! ". Not so good now. I really don't knnow how close to the edge they are; but some of them have a lot of loans out in places where basically, a functioning economy was something that happened a while ago.
I heard there's hyperinflation in Bagladesh, too.
Bernanke makes me want to hyperinflate into the toilet.
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