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Bloomberg's Freudian Hyperinflationary Blast From The Future - Overnight Euro Libor At 39,929%
Now this is one funny, and very apropos, fat finger. Save this post - in a few years it will be revisited only then it won't be a joke.
h/t Stanislaw
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In the darkness of the shadows the banking system is out of control.
Happy Hollidays
Listen to Bloomberg's Arthur Levitt along with Tom Keene and Ken Prewitt trash Ron Paul
http://media.bloomberg.com/bb/avfile/vG8rUpVFlYD8.mp3
let Tom Keene know how you feel
tkeene@bloomberg.net
http://rejstrik-firem.kurzy.cz/26723492/bloomberg-l-p-czech-republic-bra...
I heard it live today and it was blatant, I think Keene was caught by surprise but you can never tell. It begins. If this is your plan, you'll be writing many e-mails for the next couple of months...
If the Algos gaming the trades creating "wealth effect" are real, then shouldn't this be also?
Of course, the shills in the game will pick and choose which algo driven dynamic is correct, and refuse to acknowledge the converse.
Sounds like someone should fix that.
Arthur levitt gives jews a bad name and that's saying something. That is a hit piece, name calling, specific triggers- please.
They are circling the wagons and gathering pitchforks. Gloria Borger on CNN attacked him in an interview.
Emailed him!
Today was a coordinated attack on Ron Paul. Fox and Friends trashed him too.
I wish I got RT News.
Today was a coordinated attack on Ron Paul. Fox and Friends trashed him too.
I wish I got RT News.
New York Times: U.S. Agents Launder Mexican Profits of Drug Cartels_Updated
Bullish?
In 2009 there was $500 billion of growth in the economy (UN report). Another UN report showed that laundered drug money equaled.....$500 billion.
Why do you think pot is still illegal? If it was legal everyone that wanted to smoke it would grow their own, because it is simple to grow, as it is a weed.
My friends who farm wanted to keep it illegal more than anyone I know, those chumps!
If you only knew. Here is a great read.
http://www.jackherer.com/thebook/chapter-one/
If you read the whole book, you will see that they have done with hemp, the same as the financial sector. The removing of this one resource from our planet has hurt us more than all the drugs in the world ever will. Very enlightening.
Yeah hemp oil could run cars, and it is abundant, because weeds grow like weeds, and the oil is nutritious, and when you smoke it it makes sex better, etc
Can't say anything to the effect of getting enough sexual friction to cause hemp oil smoke point, but most of the cheeba monkeys I know don't want hemp legalized either. Why - because cross pollination would reduce potency. I'm down with hemp; my clothes wrok.
only smoke indoor hydro no cross polination max yield and potency out door sucks ass
I know it's talking my book, and apologize if anyone's offended, but in 1969 I wrote the first Grow Book - The Cultivators Handbook of Marijuana - in which I predicted the drug cartels and police state that would emerge if folks didn't start growing their own and fight for the right to do so. If anyone is interested in my latest work please visit www.cultivatorshandbook.com
great site, thanks for the link.
you may enjoy a book by wade davis called "one river" fascinating book. similar to your experiences, it traces the travels of a botanist in south america.
here is a good review with long excerpts.
http://www.rimba.com/oneriver/oneriver.html
Definitely thanks for the homegrown tobacco link. I had considered growing a few plants last year, but by the time the thought occurred, it was too late. After hearing the pesticides that are in most of the commercial brands, and with some instructions, I am inclined to plant a new tobacco 'hedge' at the edge of the back yard next year.
Absolutely. I'm buyin. ... The money that is!
This whole financial system will be looked back on as a complete joke.
http://ericsprott.blogspot.com/
CRash is King
Too much eggnog at the party?
Priceless. Seriously there isn't enough fiat. Or too much I can't tell anymore...
That's exactly what the weimar germans said. Need more fiat!
Hey, that's almost as high as my credit card interest rate!
39,929% is cheap at the price
but Bernanke and Count Dracula must be pissing their pants... they're committed to zeros ...or committed zeros ...probably both
They will alway tell you what the are going to do to you before they do it,
Isn't that the wierdest thing Dr. Engali? It is like somehow, we cannot avoid collective guilt at the subconsience level. But this is not my field of study so it is just conjecture on my part as to why they reveal evil intent.
One thing I have noticed is that those big, special statements require tracking them for a decade or two. Like Russia in 1992 allying with China and declaring the world will be multipolar, not unipolar. I don't think the West took them all that seriously. Hubris and all that.
Isn't that the wierdest thing Dr. Engali? It is like somehow, we cannot avoid collective guilt at the subconsience level. But this is not my field of study so it is just conjecture on my part as to why they reveal evil intent.
One thing I have noticed is that those big, special statements require tracking them for a decade or two. Like Russia in 1992 allying with China and declaring the world will be multipolar, not unipolar. I don't think the West took them all that seriously. Hubris and all that.
I don't think it's unconcious guilt of the collective. I think it's the hubris of the powers that be. Look at the movie Minority Report. When that came out it sent out bells and whistles to me. But when I would talk to colleagues about it they thought I was nuts. But now I can show you numerous reports where they are trying to profile people based on their life styles as to whether or not they will commit a crime.
Hmm, only a pre-criminal would be concerned about this... :>D
The only reason inflation is not 10% or higher is all the parked excess reserves sitting idle at the Fed or in T-bills. Combined with the 8 million plus workers not getting a check and placed on the government dole. Bernanke and Obama/Bush are fucking criminals.
No, it's the deflation of the housing market, and other deflation scenarios that is keeping the lid on hyperinflation. Excess reserves expand the money supply; not as much as assets, but they do expand it.
Inflation is our number one export.
1 lb. Ground Beef
Sample of U.S. Prices:
Portland, Ore.: $2.79
Little Rock, Ark.: $3.10
Los Angeles, Calif.: $5.29
Sample of World Prices:
Canada: $3.07
Germany: $4.93
Australia: $5.75
Belgium: $6.06
South Africa: $7.04
London: $9.03
Paris: $11.20
Taiwan: $11.50
http://www.dailyfinance.com/photos/food-price-comparison-around-the-world/3656012/
I would gather that China and Persian Gulf states are even higher.
So how does one "import deflation" then? Does "buy American" sound about right?
One way nations try to "import deflation" is by subsidizing consumers (see gasoline prices in any country that can print money). But like exporting inflation, this too is transitory. Additionally, no country can keep up with the US and our ability to print the global reserve currency (also transitory).
Gallon of Regular Gas
Sample of U.S. Prices:
Portland, Ore.: $4.19
Little Rock, Ark.: $3.94
Los Angeles, Calif.: $4.39
Sample of World Prices:
Kuwait: $0.78
India: $1.33
Moscow: $2.10
South Africa: $2.62
London: $5.79
Hong Kong: $8.30
Belgium: $9.27
Germany: $11.26
http://www.dailyfinance.com/photos/food-price-comparison-around-the-world/3656012/
where are they getting those LA prices for a pound of meat and a gallon of gas? malibu? whole foods?
they don't represent the average price, they've picked close to the highest prices they could find.
avg price for gallon of 87 octane gas: 3.55
avg price for pound of 15% fat ground chuck beef: 3.65
Agreed, London car drivers would die for gas at $5.79 a (smaller) US gallon. My calculation is just under $6.50
EDIT: Apologies, I am talking shit.
We export by running a trade deficit that must be financed through purchases of T-bills, bonds, notes. China buys the bonds and exports the goods. China consumes fewer goods and more dollars. Get it?
Canada's cheaper than Little Rock
Germany's cheaper than LA
When them excess reserves are used to purchase real things in the form of loans or outright purchases the lid will blow off.
The labor force participation rate is at a 27 year low, millions with less purchasing power moved out of the economy, less production, more government consumption, misallocation of resources in favor of the parasite class.
yup
According to Shadowstats we DO have 10% inflation using the older calculation without all the substitution and hedonics.
That would imply negative growth of around 8% which is much closer to what the economy feels like.
Bad ticks are always revisited.
Finally, a little transparency!
lolwut?
Are payday lenders now included in the Libor quote sample?
Apparently they are the Libor! I'm shocked, shocked that "no one is in control of that thing"!
Looks like the Total Borrowings at the FED circa 2008.
http://research.stlouisfed.org/fred2/series/BORROW?cid=122
pods
PRINT Button stuck. Service request in progress.
Timmah had been up all night playing PPT and drinking Jolt when he noticed that the Libor print was some tens of thousands of points higher. He had not seen Bernanke since Timmah had lit the tree house on fire, but if this news was true, he knew who had done it.
Timmah called Summers, his old boss, to see if it was true.
"Timmah!"
"Yes, I saw it too Timmah. It must be an error, but would you be a good boy and run over to the Temple and check on Benny boy. It is still early to let 'er rip, if you know what I mean."
"Timmah." Timmah said obediantly.
So Timmah put on his Batman outfit and got on his tricycle and sped away to the Temple known as the Federal Reserve.
Once he got there he crept inside to Bernanke's lair. He peaked around the corner and saw Bernanke pressing buttons and laughing maniacally.
"Print, baby, print! Bahahahaha!!!!"
Timmah got on the phone. "TIMMAH!" He whispered into the cell.
"Oh no! He's lost it! All of our work, ended early! Hyperinflation was not suppossed to come until war with Iran! He will ruin us all! You must stop him Timmah!"
Timmah knew his time to save the Fiat Ponzi had come. "Timmah!"
Found yer culprit...
It could also be called: Sharkloans
Payday advance loan.
Watching CNN. Right now and they are in process of killing Ron Paul. He does not stand a chance.
I take it you never heard Ghandi's most famous quote.
I don't think it was an accident. Most likely TPTB are telegraphing what's to come.
...like sb interpreting the Beach Boys tune 'raise-raise-raise, raise-raise LIBOR'
Fun, fun, fun, 'till Benny took the LIBOR away
Those are scary figures. What was the Libor rates pre-Lehman?
High frequency market simulation. They just tested 2012 in one ms.
no sigmas? L0L!!!
The financial sector is totally out of control. We might well have a monetary economic collapse at some point next year.