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Boehner Balking?
Oops. From Washington Wire again: "House Speaker John Boehner (R., Ohio) appears to be balking at the debt ceiling deal that Senate Democratic Majority Leader Harry Reid of Nevada has signed. Mr. Boehner is concerned about provisions in the deal that could lead to sharp cuts in military spending, say people familiar with the situation. House aides have warned that just because Mr. Reid has signed off on the deal doesn’t mean the deal is done." From limit up to limit down in one easy (yet unconfirmed) headline.
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Buauahahahahahahahahahahaha, bitchez.
Why hasn't someone (in office) come up with a better plan? I know, I know, because the only plan is to make it someone else's problem. What a bunch of spineless cowards. Think the Tea Party is making a mess of things now, just wait until the next election. Does anyone in office actually have a spine?
The red team and the blue team both actually have very strong spines. They fight like hell for the bankers and oligopolists who fund both of them, and they routinely have the balls to make utterly false speeches in which they pretend to ascribe to a political viewpoint other than, "what do my big donors and power brokers want me to do now."
That's not a spine, that's a neurological dysfunction.
Americans are a bunch of stupid animals easy to manipulate and subdue.The sooner the US economy collapses the better, so these brutes will finally learn NOT to live beyond their means. Time for Barry to govern by decree: suspend the Constitution and declare Martial Law.
No comment needed
http://www.youtube.com/watch?v=8jqfbLI1LLc
Sorry about you live where exactly? I can only think of a handful of places that are an exception to your statement.
Cannot be other than a Pelousy staffer from San Francisco
I live in the USA. You missed a generation that warned you about racial division and separation. The political correct UN mandate will continue. Comedy will follow.
Black White Supremist Dave Chappelle Complete
http://www.youtube.com/watch?v=BHFUH_frhBw
See, we bond. You lose. Americans can see thru the MSM bullshit. BTW, I have several negro friends.They drop the N word when they get pissed about Obama.
LOL...black people say nigger all the time, idiot. You have several negro friends ROTFL
Carefull, if the US folds, that would mean we won't be available to bail out your armpit of a country next time they get in to trouble. Which if you are any where in Europe will be in 3, 2, 1.......
I do believe you have been wanked by the wanklord.
Adam Weishaupt. ... Aptly named here as, “wanklord.”
My guess is that the "deal" will be sealed sometime closer to the end of the week. It still hasnt passed the senate, let alone getting enough votes from the house again. Some type of short term extension will be provided so that god forbid we dont default. But no way this gets signed by the president by tuesday night. Again, first the senate vote was to be held at 1:00 am sunday, then1:00 pm sunday, now its past 7pm and still no senate vote. Short term 10 day extension or what not happens to dot the i's and cross the t's. viagra without prescription
Confirmed: Wanklord sarcasm detected.
For fuck's sake...put something else in the copy-paste buffer already.
Though our freedom has been eroded over the last 200 years we have still been free longer than any other nation in history. If it wasn't for failing European ideas infecting the united states from time to time we would be much better off
"Americans are a bunch of stupid animals easy to manipulate and subdue."
I feel like I've heard this before somewhere. . .
Just Ron Paul
Dear Mr. Speaker of the House,
It is Sunday, and I am led to believe that the US House of Representatives, in coordination with the Senate and the President, is about to deliver a debt ceiling hike based on promises to cut spending beyond 2012, a debt ceiling hike like never seen before in our nation, cuts to be later delivered by the instrument that has come to be known as a "Super Congress," otherwise known as asking Congressmen in safe districts to vote on spending cuts that will never actually occur, with only the inducement of a balanced budget amendment vote that everyone knows will be killed on the Senate floor.
These things being true, and with the House of Representatives preparing to deliver the compromise through the support of House Democrats, and in a vote demonstrating no confidence for Tea Party members in the House...the only members thus far having demonstrated a true understanding of the fiscal gravity of this mess made by decades of DC born fiscal carelessness....
...I respectfully call on you to resign in your capacity as House Speaker upon casting a vote in support of such a plan.
Cdad
[yet another angry American and former Republican]
The American people are in denial. Their politicians reflect their behaviors. Americans are whore spenders on credit. Denying this is blindness and hypocritical.
Old McDonald had a plan, ey ey O. With a plan plan here and a plan plan there; Here a plan, there a plan; Every where a plan plan. Old McDonald had a plan, ey ey O. Gawd help us!! MIlestones
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I wonder how many trades just got cancelled...lol...wheres the wildebeests running back & forth? ;-)
Down by the riverside, feeding the crocodiles! :>D
;-)
This is what they call sales churn.
Don't worry in the next day or two the spineless bastards will pat each other on the back and celebrate the great bi-partisan deal they came up with that preserves the status quo and accomplishes nothing.
The word Bipartisian usually means some larger-than-usual deception is being carried out.
George Carlin
Our financial system has become so politisized it's hopeless. Ugh!
Uh, the real problem is that our political system has become so financialised, that IT is hopeless.
Uh, more like franchised.
funny, your post was exactly how I reacted when I read the article...
Boehner better not fuck this fuck. He has only this chance. No mulligans
Isn't that what Boners do?
shocking...what a surprise...
From limit up to limit down in one easy (yet unconfirmed) headline.
Nah. Headline reading Algos only act on headlines that are positive for Stawks. This isn't positive, ergo nothing will happen.
Fuck it, Boehner could walk into the oval office, tear the agreement into tiny pieces and throw it over Obama's head like confetti and 'Investors' would still find some reason to buy the R2k.
joy to the fuckin world, whats he holding out for an ass poke from bwaney fwank
Where id the Greek God Testicleese when we need him?
We need to stop taking this shit seriously.
No debt, no Fed, no spoon, no president, no congress, no debt ceiling. We believe, they can manipulate. We try to guess how others will believe, they will still manipulate.
With Diabetes and Trigononsis.
A bunch of crusty old bastards shaking me down in a room I paid for (or should I say my great great grandkids paid for). What could dgo wrong with a deal struck like that? I've pretty much given up hope that any sanity will prevail before shit explodes.
He's balking at military cuts. Ya, they could use some cuts but lets cut the miltary while the free shit army keeps what they "deserve"? You couldn't make this shit up any better if you were steven king.
How bout the banksters and the financial industry bonuses? Let's get some of that back as well.
I am sure if they they were cut off from Fed funding and bailouts the bonuses would correct themselves.
take this with a grain of salt, but my military buddy was summoned last week for a confidential meeting, the wives are going to talk to brass tomorrow...i'm guessing some soldiers aren't getting paid...hearsay, i know...
Any regime that's running out of cash will ensure that they always pay the police and military ahead of everyone else.
Having the capacity to maintain public order becomes rather important when the government stops paying its bills and handing out benefits to the population.
you may be right
Any regime that's running out of cash will ensure that politicians will be paid first. Closely followed by the police and military.
There fix it.
But what about the old people, the sick and the homeless?
Barry says "he can't guarantee it"...but with him, your mileage will vary.
Military personnel should be in line to get paid right after Treasury holders. It's ridiculous to even thinking off stiffing the people who protect us.
The Wives are very good at what they do.
Watch them because where they go, so goes the military.
I found it kind of strange to see one of these drive by in my neigborhood. I live in a suburb of Portland Oregon next to a golf course..and I have never seen one of these until today. No license plates..full armour and the turret on the top.
http://www.nationaldefensemagazine.org/SiteCollectionImages/issues/2007/...
.
I am sure I am a little paranoid with all of this shit about to hit the fan...but still weird.
Probably your local representative getting set to tee off. They can't be too careful nowdays.
My husband is military. We've heard nothing about that. He was in plenty of meetings back in April when there was an actual pay issue (no delay, but one paycheck had to be split in two payments).
However, if you look at military banking sites like USAA or Navy Federal, they've all got plans in place to front a paycheck to all their military customers on the 15th, if need be. USAA is also going to forgive any property or casualty insurance payments for 30 days.
No one could have seen this coming. Boner throwing all his toys out the pram again.
Numbers reported at Washington Wire don't match earlier reports of $1 trillion and $1.8 trillion. No incentive for the commitee to cut, would only be $1.2 trillion, weak Tea Party could never support this:
Here’s the outline of the debt ceiling deal as of now, according to officials on both sides:
* $900 billion in the first stage of deficit reduction.
* $1.5 trillion in second stage of deficit reduction to be defined by a bipartisan special committee of lawmakers appointed by leaders of the House and Senate.
* If the special committee fails to deliver a deficit-cutting package that would trigger $1.2 trillion in cuts, half would be Defense cuts and the other half would be non-Defense cuts, exempting low-income programs Social Security and Medicaid, and only impacting providers in Medicare.
* The debt ceiling increase would be done in three phases: $400 billion initially; another $500 billion later thise year would be subject to a vote of disapproval; a third increase of $1.5 to get the rest through 2012 and would also be subject to vote of disapproval.
In other words, not a fucking thing's gonna change.
Does anything ever change? There is screaming, crying, and finger pointing, and then nothing changes.
Spot on with the "appearance" sake squawk. The military industrial complex is a huge force over 800 billion per year juggernaut. Also they hold special status with the people as the US military is a source of many American's national pride, the fact that the US military can kick the crap out of every other military in the world. Imperialistic undertones should not be dismissed in this environment, especially when the currency starts croaking. kamagra | buy viagra
No, in other words, we're basically accomplishing nothing. The $400B that would be the first leg basically has already been spent to get us this far.
"half would be Defense cuts and the other half would be non-Defense cuts, exempting low-income programs Social Security and Medicaid, and only impacting providers in Medicare"
This will never pass the House. Never. I can't believe McConnell would sign his name to that lump of sh!t.
I don't think he did, the McConell report was for $1 trillion, and $1.8 trillion. Reid did a switcheroo right before the Asain markets opened. This is pure manipulation, I don't see the House Republicans going along with the watered down Reid $900 billion/$1.2 trillion version.
Reporting on this latest phase is horrible.
Since when is Congressional "buyers remorse/spending like drunken sailors" resolved by non payment - ala not raising debt ceiling to pay for things already purchased, serviced, etc. Appalling and dishonorable.
Tomorrow's opening may be interesting after all. DC may finally get the market panic they were hoping for.
If they are hoping for it, they will get it -- and they might not even have to wait until tomorrow. Watch Asia tonight and Europe overnight.
Where can one get live ES future
s quotes?
i recommend thinkorswim, but you have to fund an account. up 16.25 as we speak
You have to go through all the steps of application and setting up the account, but you do not actually have to transfer money in. Or perhaps my account was just grandfathered in/an oversight on their part. But agree on TOS being a very efficient, excellent platform.
I believe you to be correct. I use TOS to paper trade only (for now) and yes it is great.
Try TOS...think or swim...open free account...and watch it until your head explodes...
Check out INO.com or simply google "e mini S&P 500 INO"
ES now at 1305
google cnbc pre, nice quick layout
http://finviz.com/futures_charts.ashx?t=ALL&p=h1
type it into your browser window. Not really much action yet.
TY. very helpful
forexpros dot com
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
no cutting tbtf, or the gubmint check cadre, where would we be without their votes?
Boener bachmanning
not a chance he owns the reps who sold their souls and passed his bill
how about the one million white man march on washington, fully armed too.......zerohedge will be the online sponser of the event with tyler durden as the main speaker (of course with insurgent mask on to hide his identity).......:)
WHY JUST WHITE? WHAT GIVES THEM THE RIGHT TO BE BONED AS A RACE? ENOUGH SHIT TO GO AROUND AMIGO.
anybody that wants to help may help. color is not the issue. you got to fight........for the right...........to party..........
Beasty Boyz and Bitchez.
How about the million pissed off tax payer march. And yes with weapons, not like those silly Greece riots...except I have found it damn hard to make molotov cocktails with plastic soda bottles....everyone will need to drink a bunch of beer before hand, bring your empties!
Oooops!
Oh grow up. Boehner has to squawk on this for appearance sake. Besides those future cuts are as solid a jello. Nobody is cutting the military. They just have to say they are in the future, to get a deal. The whole thing is a bunch of winks and nods meaning nothing.
To the extent that bankers are running the show the one power they cannot cross is the military. There has to be an agreement between corporate power and the military. Those are the two emergent political powers. Everything else which is called government is side show for entertainment purposes only. The banks will control the governments purse strings but they can't cut off the military.
Excellent political analysis sir!
Spot on with the "appearance" sake squawk. The military industrial complex is a huge force over 800 billion per year juggernaut. Also they hold special status with the people as the US military is a source of many American's national pride, the fact that the US military can kick the crap out of every other military in the world. Imperialistic undertones should not be dismissed in this environment, especially when the currency starts croaking.
800 billion is just the on the books number, it's really quite larger than that. It's much better to balance the budget on the backs of the poor and the elderly than to fuck with our ability to cause havoc around the world.
A case might be made that without the military you have no cheap oil and without cheap oil you have no chance of providing the poor with any scraps.
speaking of squawk, i sure miss mark haines.....
Mil-Indst-Cmplx bitchslaps boner-man, sez do as yer told.
IS IT JUST ME , OR ARE WE DEALING WITH THE .44 MAGNUM OF DRAMA QUEENS? ALL OF 'EM, TO THE INDIVIDUAL BASTARD!
you just watch. pretty soon , they will show him crying , at the podium...........boo hoo hoo, i am crying for all of you dumb amerikans out there..........boo hoo hoo..........
HE WILL WEEP..........TAKE IT TO THE BANK.
aaaannnnddd fade to risk off
This shit is even too confusing for Skynet to process. Could fry their circuits.
It's insanity from annny perspective, no matter which waaay you look at it, no matter whaaat view you take... It's simply come to allll thaaat....
anyone who thinks this wasn't gonna go thru probably grew up hating his mom.
Nothing worse than a balky Boehner.
Does anyone know about this - The $1 Billion Armageddon Trade Placed Against The United States
http://etfdailynews.com/2011/07/25/investors-the-1-billion-armageddon-tr....
I'm hoping ZH readers can provide more insight. I'm just a newb, but if this is real, who could've placed a bet this big?
The name 'George Soros' springs to mind for some reason.
One billion ain't what it used to be. Inflation, etc.
That aside, this bet is not extraordinarily big because it is very probably levered (like nearly all futures contracts). An open notional value of 1M in a call ES contract can be backed by 50k USD of actual capital. A one billion contract is child play for any small hedge fund.
It's just newspapers in lack of hits which hype this story.
I have no idea who placed the bet. Probably a friend. Friends are always the ones who will step up once you are down. **Everything counts in large amounts (http://www.youtube.com/watch?v=1t-gK-9EIq4)**
Depeche Mode +1
This analysis is wrong. First the leverage works the other way, so the capital at risk is the inverse of what was posted. Second, there was someone on the other side. So the post could have just as easily been titled the $1 billion Anti Armageddon trade. Next, CDS are far more levered ways to express an "end of days" view on life. This was most certainly a synthetic hedge to €$ positions. Lastly, far larger notional trades occur on a daily basis (follow our tweets: we show every notable bond futures trade). This is merely an attempt to goalseek a conclusion based on some data point.
The real scandal is who is selling bond future puts on a recurring basis. Hint: the Fed and its proxies, in order to keep underlying prices high.
Tee-heeh.
And just to think of the accumulated underlying aggregate understated in the "Other Asset" line on their balance sheet.
(sigh.... )
Reminds me of exchanges between Ren and Stimpy.
I'm glad you clarified this.
I was wondering why some one who thought bond prices were going to collapse would go long $1Billion in bonds.
The rise is yields last week put a pretty dent in my bullish interest rate bet (PST)
Well the TLT closed up 2.3% Friday so at ten x leverage they are Down 23%. It was a bet a deal would get done imo. Backfire
Just remember folks. Nothing is official until Boehner cries like a little girl.
A few weeks ago, big B wept while dedicating a statue of...Gerald Ford.
My guess is that the "deal" will be sealed sometime closer to the end of the week. It still hasnt passed the senate, let alone getting enough votes from the house again. Some type of short term extension will be provided so that god forbid we dont default. But no way this gets signed by the president by tuesday night.
Again, first the senate vote was to be held at 1:00 am sunday, then1:00 pm sunday, now its past 7pm and still no senate vote. Short term 10 day extension or what not happens to dot the i's and cross the t's.
sounds like a new verse .......... uh huh
http://www.youtube.com/watch?v=umrp1tIBY8Q
they want to cut everywhere except the neocon war machine.........make war and make money.........
boner can't cut defense....what a shame...for amerika.
I junked you because military spending is a big reason we are in this mess. And no its not "defense" spending but cost of empire.
Are you referring to the great U.S. War Machine that can't defeat a third-world octogenarian dictator who dresses like Lady Gaga?
Hey, hey, HEY! That's US + Brit +French War Machines....oh, wait, France.....the one with the longest losing streak in the history of human institutions.
Without sounding partisan.or rascist.I am imbarassed to see the collection of assfucks that are running/walkin our country into the ground.Nancy Reid and Harry Pelosi are the biggest waste of oxygen on the planet
Is the TP the American version of the Third Reich?
wow, equating people with unrealistic tax cut expectations with those who wanted to forcefully redistribute wealth and murder half of Europe. Apt metaphor, Sir.
Your talking points are showing. Pathetic.
I don't care if my parents said to respect your elders.....you really need to go fuck yourself.
Latest update. Boehner signs on the line.
House Republican leaders have agreed to a “tentative deal” to lift the U.S. debt ceiling and cut the deficit by roughly $2.4 trillion in a series of stages. House leaders have scheduled a briefing for their caucus at 8:30, aides say. The move comes after a long afternoon during which House Speaker John Boehner (R., Ohio), balked at proposals that could lead to sharp cuts in military spending.
Earlier, Senate Majority Leader Harry Reid (D., Nev.) "signed off" on a debt-ceiling plan pending the approval of the Senate Democratic caucus, a congressional aide said Sunday.
Now, the leaders have to round up their troops and schedule votes.
The round up the troops part is where this "deal" fails as did the others. I doubt it can get out of the senate by Tuesday and certainly can't pass the house. Rand Paul has promised to count by ones up to the current ceiling limit as part of his filabuster-that should take around a decade-and Reid doens't have the votes for cloture. And Paul doesn't care about being re-elected in 6 years as he has reall skills as a doctor. Count on it! The tea party isn't a bunch of professional politicians like Reid-they came for one thing-defeat the statists. No compromise: cut, cap and balance or nothing-live on cash flow.
+1781
Time to Party with the Guillotine in Washington D.C.
Yeah Yeah Yeah - Heads Will Roll
http://youtu.be/auzfTPp4moA
I like your style, Mr. Coltrane.
.
31 years, 251 days, 7 hours, 46 minutes, and 39 seconds to count to 1 billion.
To count to 1 billion would take 999,999,999 seconds, because the timer would start as soon as the person says "one", one second would
have passed when the person says "two," and so on.
.
And it would actually take you waaaaay longer because you can't say this number 6,567,343 in 1 second. LOL
Truth comes out. Republicans spending your tax dollars too,except they use it for war.
Here comes NAZI America....except this time the Jews are in charge
Some believe in guns, others in guns and butter.
And some in butter and butt plugs...
...bend over serf!
"Republicans spending your tax dollars too,except they use it for war."
Did you forget about Libya, Yemen, and Syria?
they have always been in charge...........:)
Boner strikes again.
Meanwhile Assad sending tanks into Hama and killing hundreds. Where is Bambam? Hillary!? Twiddling their thumbs?
All circuits are currently busy. If you'd like to make a call...
No oil, no gold, no calls.
Hey lookie there! Spellcheck is back!
Unfortunately, the only thing we can count on bringing this show to a stop is the laws of economics whenever the Event Horizon is reached.
They will kick the can, they will raise the ceiling, they will print, they will devalue, they will sell out, and on and on and on until then. You know the script, you know the story, you know the ending. The only question now is, when?
Eventually... the music stops, the curtains close, the theater burns to the ground, and the laws of economics strike back with a vengeance.
Boehner flaccid with Reid deal. More flaccid posturing politicians to follow.
they will probably sign this thing into law tonight about 2 in the morning, just in time for the longs to get on board......
i can hit about 700 yds out. thats how i want to go long
what kind of scope? or open sights? :)
just remember, anyone riding in a government vehicle or anyone with a uniform on. turkey season starts early this year. good luck and good shooting..........
leopold vari x iii 50mm 25x mil-dot. 300 win mag btsp 220 grain, teflon coated. imr 4895
I can make about 500 with iron sights on the old Rifle No. 4 Mk 2. But only if I've been drinking a bit.
A strictly defensive military would be much cheaper - the offensive brand, along with 800 foreign bases [why exactly why?] hasn't exactly been all that it is cracked up to be, turning out to be largely ineffective at an astronomical cost, from Vietnam to the present day. Of course the Military/Industrial/Congressional/Judicial/Media complex would argue otherwise and guess who pays the way for our "reprehensitives"...
Most countries are indeed satisfied with a defensive strategy based on nuclear dissuasion.
So it's obvious the goal of the US army is not to defend the territory of the US. It's to do more than that... nothing wrong in this as long as it is honestly admitted.
Maybe BOEHNER is balking because he got Tea-bagged.
I don't think Tea Party likes the deal, or any deal that raises debt ceiling.
Republicans don't need Tea party to make deal.
Hopefully, Tea party won't need Republicans after next election.
Boehner limp as Reid in wind. Pelosi not coming along. Obama itching for rear-ended, back-loaded deal.
I remember such a ridiculous fateful equity spike in the summer of 2008... https://sites.google.com/site/dailyspyder/
Non-stop crises and constant bad news flow for 2 years straight and the SPY is down less than a few percent off the highs, still up 90%+ off the lows.
World record money printing never before seen in modern history and interest rates have outright collapsed.
Hands down the worst unemployment cycle ever with millions upon millions on food stamps and retail stocks and REITS the strongest sectors bar none, leaving the XAU in the dust.
Stocks like AAPL from single digits to $400 in just a few years, wealth building beyond belief.
I'm speechless.
Waiting for inflation adjusted AAPL quotes.
Might come in handy for you.
Well said. Its simply stunning.
Certainly not a rational, functioning free market.