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Biderman Sums Up Europe's Problem In 30 Seconds
After an extended and detailed rant against the BLS and their ineptitude, which is worth watching in its own right, Charles Biderman (CEO of TrimTabs) sums up Europe's troubles and hopes in 30 seconds. Towards the end of the clip, Biderman notes that Monsier Hollande is saying that governments should borrow more money so they can give more money to more people and THAT will create economic growth. Instead, Charles sees Europe sliding down a slippery slope faster and faster with no end in sight.
The initial BLS rant is worthwhile but from 3:45, Biderman bashes Europe's hope...
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I >heart< Biderman
The whole thing is falling apart.
What, the BLS #'s are shit?
Man, perhaps gold & silver are manipulated!
I'm shocked, SHOCKED I tell you!
.
I love his occasional little chuckling sounds. I could watch him just for that.
"But nooooooo!" LOL
Wish he would not wear those shiny shirts: makes me think he just came from directing a porn movie over in the valley.
I believe they're hugh-heffner style pajamas.
Clearly you are not California worthy. :)
We're serving Chardonnay in the hot tub...
Actually there are similarities between skanky porn and the BLS numbers....
Looking a little flashy crashy here.
Were about to find out.
He should stick with the theme: BLS.
Europe in a sound bite form is the epitome of simplistic journalism.
Charles , Charles, Charles.....I love ya brother ( not like until death do you part man love but , but like a bother in this insanity) but you can't expect TPTB to let facts muddy up the picture they are trying to paint.
I think someone is selling their stock today. Is there some sort of sale going on today? I wish I would have known in advance.
stand up and show some respect.. I can't get enough of that one. lol ..referring to the golden dawn press conference.
Nice geraniums, Charlie. Yours are doing better than mine.
"Biderman Sums Up Europe's Problem In 30 Seconds"
How about one word... Government
I'll throw in two more....the fed.
Negative, Biderman is confused about Hollande, who is simply saying that debt financing is NOT ONLY the province of the ultra-rich, but should benefit the people as well.
Europe's problem is exactly the same as America's:
The ultra-rich believe only they should benefit from debt financing, while pushing its outcomes onto the backs of the people ---- the people should also benefit from debt financing, after the ultra-rich have rigged the markets and melted down everything!
Why is it that some commenters, like the bland and quite frankly boring Biderman, or the meaningless Rosenberg, or the uneven but occasionally insightful Art Cashin, always get such a favourable and "one of us"-style presentation here at ZH, no matter how rambling or uninteresting the things they have to say?
Those commentators stick with the narrative bias that pervades.
Personally, I love to watch Hugh Hendry and Mark Grant's wry cynicism and how with nonchalance, they eloquently bash their interviewer's status-quot ideals with hard facts.
Marc Farber is more than entertaining too.
Börj...sounds like you got ahold of some bad lutefisk, man. Skol.
i woulden't stop at the BLS#'s were now living in fairtail gov statistics land..
Imagine being 15 years old [MY SON] and watching all this transpire. Then taking your at home on the farm salary from me in the form of junk silver coins. What are the young people of America to believe in or hope for??? We fucked it all up for them...
They are all mostly ignorant as to what is actually happening. (As they shoud be.)
If you educate him as to what is going on, then you are at least affording him something that you did not have: A choice.
This is a huge positive anyway you slice it.
Ministry of propaganda and hopium.
Love the Ralph Kramden "...but, noooo" @ 1.48.
Actually compared to bailouts, handouts do more to help the real economy... just sayin.
smirk 3:33 LOL
Charles Biderman reminds me a bit of Lewis Black in his elucidation.
Die Another Day! France pretends debt doesn't matter. Is Krugman right?
http://confoundedinterest.wordpress.com/2012/05/08/die-another-day-france-pretends-debt-doesnt-matter-greece-in-state-of-confusion/
It is about debt, but not in the way that the cheerleaders for austerity believe... not in the way the author of your link sees things. Austerity isn't a solution... it's a faster route to collapse... which isn't a bad thing... but it isn't a solution. The problem isn't that debt crowds out growth... the problem is debt IS growth. Virtually all "Money" is debt, loaned into existence, with interest. The system doesn't contain money to pay both the principle AND the interest, so MORE DEBT must be generated. It's a PONZI scheme. Our entire financial/monetary system is a lie. Within that context, austerity doesn't solve anything... it simply starves people a lttle longer until the final collapse can occur.
Not true. Debt can be paid back, it's a conspiracy that it can't be. All you have to do to reduce debt (and eventually get rid of most of it) is increase your production and lower your trade deficit. Then become a creditor nation again. If you do that for a long enough time, you will see your debt disappear. The problem is, governments are stupid and are doing exactly the opposite of what they should be doing.
Also austerity does help, reducing spending is the first step towards a solution. But governments don't even want to take that first step. And that is why there will be a collapse. So you got it completely backwards.
You don't understand our monetary system. Most people don't. You are stuck on a level of observation. Everything you have said sounds very logical, and in silo, what you have written is true... but not across the entire monetary system. It is aggregate debt that MUST expand. Government debt is only a piece... and is usually the red herring used to keep people distracted as the banking oligarchy fleeces the world. I'm not sure what TW stands for, but you need to take the rest of your handle to heart and reexamine how debt/credit money and fractional reserve banking works.
I know the theory, I've seen the documentaries. In a sense you are right, on a global scale your theory is right. On a national scale not so.
Don't fall into the trap of thinking of this as a "theory". This is not a theory... it's simply the mechanics of our monetary system. It's the combination of fiat money, fractional reserve banking and usary. Don't rely on the documentaries... research what the fed itself has to say on how money is created. I think the number they use is 99% of money is created in this manner (i.e. the creation of a lon).
http://www.chrismartenson.com/crashcourse/chapter-7-money-creation - here's a good reference from Chris Martenson
It's getting serious. Time to lie.
Hmm, borrowing to give to people to stimulate the economy, where have I heard that before?
Also,
The Truth Behind the Unemployment Numbers + Stimulus vs Austerity
Facebook Roadshow Presentation
S&P 500 timing system returns 289.81% over the past five years When to expect the next round of QEWith official unemployment figues in America showing around 10% and actual numbers being around 23% how can anyone still take any official government figures seriously?
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