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Caption Contest: Defining "Legitimate Monetization"
The legitimacy of vulgar acts has been making headlines recently and so this morning's rumors of Mario Draghi's insistence to the European parliament that direct ECB buying three-year sovereign bonds is not 'monetary' state-financing got us thinking - just what is 'legitimate monetization' or perhaps "It's not monetization if..."
or perhaps - George Costanza is on to something:
(h/t William Banzai)
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BULLISH!!!
Mario "Milhous" Draghi: "When the ECB does it, that means that it is not monetization."
http://www.youtube.com/watch?v=ejvyDn1TPr8
Pushing Hard To Lay A GOLDEN Egg {and Shits' Comin Out} ...
OR ...
GOLDMAN Has A Duck Planted Everywhere...
If it walks like a schmuck...
i'd suggest something like killing the goose who laid the golden egg, but that part never happened. he's been shooting blanks.
Cock of the walk.
Any cock can enter ECB vagina these days.
Sounds like a cock and bull story to me.
"AFLAC!!!" (A Fiat Lacks Absolute Criterion)
You made my day by posting that you tube video ....
deleted
... and replaced with:
There once was a banker from Italy,
Who handled his job so unwittily.
Then he wiped off his ass
on this carpet of grass
And while doing so smirked at us shittily.
"LOOK" I have no legs just like the euro. NO WAIT, I am a plump chicken ready to be slaughtered.
sheesh things are bad.....
(The old....)
"I can't be out of money, I still have checks!"
LOL.
I like it.
I do still have checks, I just need the FED to lend me $500 million at -0.05% interest at the banker back door.
"It's not debt if someone else pays for it."
"It's not monetization if...we say its not!!!"
Liskov Substitution Principle
If it looks like a duck and quacks like a duck but it needs monetary stimulus, you probably have the wrong abstraction.
We can't grow ourselves out of debt, no matter what the Federal Reserve does
http://www.guardian.co.uk/commentisfree/2012/sep/03/debt-federal-reserve...
Ben has to go
Your Savings, Our Money, Their Folly
At Jackson Hole, a growing fear for Fed independence
" Who created me? It cant be William Banzi. His stamp is missing"
Update.. Ignore. He put his stamp on the side. My eyes are going
GETTING OLD
Baby Boomers '1960 VS 2012'
Then: Long Hair
Now: Longing for hair
Then: The perfect high.
Now: The perfect high yield mutual fund.
Then: Keg.
Now: EKG.
Then: Acid Rock.
Now: Acid Reflux.
Then: Moving to California because it's cool.
Now: Moving to California because it's warm.
Then: Growing pot.
Now: Growing pot belly.
Then: Watching John Glenn's historic flight with your parents.
Now: Watching John Glenn's historic flight with your children.
Then: Trying to look like Marlon Brando or Elizabeth Taylor.
Now: Trying NOT to look like Marlon Brando or Elizabeth Taylor.
Then: Seeds and stems.
Now: Roughage.
Then: Popping pills, smoking joints.
Now: Popping joints.
Then: Our president's struggle with Fidel.
Now: Our president's struggle with fidelity.
Then: Being caught with Hustler magazine.
Now: Being caught with Hustler magazine.
Then: Killer weed.
Now: Weed killer.
Then: Hoping for a BMW.
Now: Hoping for a BM.
Then: The Grateful Dead.
Now: Dr. Kevorkian.
Then: Getting out to a new, hip joint.
Now: Getting a new hip joint.
Then: Rolling Stones.
Now: Kidney stones.
Then: Being called into the principal's office.
Now: Calling the principal's office.
Then: Screw the system!
Now: Upgrade the system.
Then: Peace sign.
Now: Mercedes logo.
Then: Parents begging you to get your hair cut.
Now: Children begging you to get their heads shaved.
Then: Take acid.
Now: Take antacid.
Then: Passing the driver's test.
Now: Passing the vision test.
Then: "Whatever"
Now: "Depends"
Its legitimate monetization when the Central Bankers buy MY bonds.
"Duck Test, Shmuck Test. Fiat is mutable. That's why it's called fiat." -- Draghi
"A mind is a terrible thing to lose...How true this is."
--Dan Quayle
o
...es paté de pato!
The Euro....ah......ah......ah......AH-CHOOOOOOOOAFFFFFFFFFFFFFFLACCCCCCCCCCCC!
"I am an American and I am humbled to that? WTF"
"It's not monetization if a Chinese citizenism citizen is paid to spread the propaganda that it's yet another manifestation of the eternal nature US citizenism in a US citizen country which happens not to be the actual US of A."
That will be 39 renminbi, please.
if the marioECBsquid declares: "costanza is not kramer" he would win this caption contest himself, comrade BiCheZ!
Unicorn ran over the rainbow, humped a rusty pot of bad debt and suddenly an euro-genie eating a banana appeared and said: "Monetization is not monetization if we just buy a little bit in the name of zee stabeeletee"
... the liberation of Gotham has begun!
Danny Divito (http://www.imdb.com/title/tt0103776/quotes?qt=qt0427743 )
White meat = legitimate
Dark meat = illegitimate
Monetization is legitimate if you're prepared to turn your currency into chicken feed.
Saúl {Alinsky} Lizondo of the IMF’s Western Hemisphere Department talks about the outlook and challenges for the Caribbean region and expected outcomes from the High Level Caribbean Forum taking place in Trinidad and Tobago on September 4-5.
http://www.imf.org/external/mmedia/view.aspx?vid=1814798770001
Our advertising efforts to jumpstart the tourism economy have failed. We need to revisit our approach by not scarring the shit out potential passengers over a manufactured government stickman terrorist threat. Those new x-ray screening machines will have to be put on the back burner. How can we expect to subsidize this cost if overall tourism traffic is down.
"The're gonna put y'all in chains!"
"Back in chains." We'll bail them in the air and on the beaches, in the fields and in the streets, we will never surrender to gold."
mirror, mirror, on the door
make my nuggets hit the floor
"I have rump-fooked the goose that laid the golden egg. Carry on."
Christmas is approaching and I don't want to get stuffed...oh wait a minute
Just say no to Draghi...
or in German, Keine macht den Draghi
Folks, now here's the story 'bout Mario the Moocher,
he was a red-hot screw the poocher,
He was the weakest, lamest fail,
And Mario had a heart as big as a snail.
Hi-de-hi-de-hi-di-hi!
All de Dough de Dough de Dough
He-de-he-de-he-de-he!
All de Dough de Dough de Dough
Now, he messed around with a Gal named Angie
he loved her though she was a Euro Banshee,
He took her down to Brussels town,
He showed her how to kick the can around.
Hi-de-hi-de-hi-di-hi!
All de Dough de Dough de Dough
He-de-he-de-he-de-he!
All de Dough de Dough de Dough
Now, he had a plan for Borg of Sweden,
He wanted cash the EU was needin',
He tried to give them an ECB supervisor
Sweden said no cuz Borg was much wiser!
Hi-de-hi-de-hi-di-hi!
All de Dough de Dough de Dough
He-de-he-de-he-de-he!
All de Dough de Dough de Dough
Poor Europe Poor Europe Poor Europe!
Are those Olive Oyl's boots?
I'm strong to the Finnish
'cuz I eats me chicken parmesan with spinach
toot toot!
Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
If dodo's are extinct what am I?
From what I understand, if it's legitimate monetization, gold and silver have ways to shut the whole thing down.
He looks like Donald Fuck.
The Federal Reserve, The Treasury Dept, The State Of California, The ECB, practically every city in America... They are all guilty of keeping the Ponzi alive by stealing from the children and leaving them with a bunch of worthless paper, pretending that someday it will actually be worth something.
http://www.youtube.com/watch?v=7GSXbgfKFWg
If it looks like a duck, and it quacks like a duck, . . .
walks like a duck, quacks like a duck...it's a phuckin' duck.
It is like "legitimate rape" - it does not work, so women don't get pregnant - likewise, monetizing debt with debt does not create prosperity for any country!
Kill it! There must be more inside?
just what is 'legitimate monetization'....the same as 'legitimate rape' why are all these fuckers going on about legitimate this and legitimate that...using this word in such close proximity to things abhorrent is just wrong.
It's legit monetization if we say that we are monetizin. and we monetize. But it's not monetizin' if we say we aren't monetizin' when we monetize. It's also not monetizin' if we monetize but don't say anything, even if we get caught secretly monetizin', cuz y'know when things get bad ya gotta lie, but as illustrated above, it ain't liein' if you believe it and it ain't monetizin' no matter what anybody believes, unless we say it is. Which we never will. So there is no monetizin'. Even if it seems like there is. There isn't.
"It's not monetization if...ah if...if...hey look over there at that pretty shiny thing isn't it pretty and shiny?"
"It's not monetization if our fiat says so."
Ca ching with a criminal ring - billed “Montization” - is a criminal production starring Draghi, Bernanke and Monti – brought to you by Goldman Fed Monetizers, coming soon to a recession near you.
It’s all about intrigue: what the Goldman Citi Mob has done with Benny’s big bucks, the first $16 Trillion in Secret Bailouts?
Will Citigroup be attacking world hunger with its money? No wait! With $2.5 trillion you could dominate all the world’s corporations through leveraged positions; you could buy out and control all the world’s media; you could finance wars on your own; you could financially support your friends to overwhelm and destroy their competitors; you could take over and control politicians of several foreign nations; you could purchase controlling interests in European banks; or, you could sit back and buy the Congress of the United States and the Presidency to help you keep the money flowing. Watch this unfolding of "Montization."
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
In other news, wheels are round.
Its not day if I say its night
It's not black if I say its white
Its not wrong if I say its right
I'm not monetizing nuthin,
cause that's against the rules
I've got a Central Banking tool kit
and I'm a Central Banking fool
Rick James in Charlie Murphy's "True Hollywood Stories":
See, I never just did things just to do them, c'mon I mean, what I'm gonna do just all of the sudden just jump up and grind my feet in somebody's couch like it's something to do? Come on, I got a little more sense than that. ...Yeah, I remember grinding my feet into Eddie's couch.
IMO that sounds just like Draghi (or any other €-stooge for that matter).
Charlie Murphy!
This whole printing money to solve everyone's problems stinks. It's just debt default
by way of inflation. Did someone step on a duck?
Draghi: the Goldman Goose. If it walks like a duck, talks like a duck...and lays eggs...
"Did someone step on a duck?" No they fucked it. But the duck cried rape. And now apparently the duck is pregnant. Will keep you updated.
Round robin of western curremcy devalutions. Steal wealth by the boldened central banksters.
It's their way to keep the ponzi going. Europe, Japan, US, Europe, Japan, US, Europe, Japan, US, etc.
Draghi is an officer of the Goldman Sachs bankster army.
A mad rush to get out of fiat soon.
"GRAFT-LAC!"
Brilliant segue! “Self-financed and the result of many, many hours of hard graft, 'LAC' started to pay dividends when it began to reach the ears of some of most influential players.”
Serial liar Mario Draghi, the Elie Wiesel of Ponziworld
A few other short examples of twisted thinking...
http://www.youtube.com/watch?v=Bktd_Pi4YJw
http://www.youtube.com/watch?v=n6qo2S84r5w
http://www.youtube.com/watch?v=K049QXCUeXo
http://www.youtube.com/watch?v=KiIP_KDQmXs
http://www.youtube.com/watch?v=ujrNBFlxGFM
http://www.youtube.com/watch?v=RmZfj0P_zBk
The list is endless
European Debt Crisis Explained --- December 18, 2011
Steve Liesman to reinstate the importance of an immediate EU bailout in 3,2,1….
Rick Santelli vs Steve Liesman Should the US Bailout Europe| June 2012
Killing Joke - European Superstate
This is how you do the time-warp, felhas.
"What don't you proles understand about the word "fiat"?
These FUCKS are gonna say and do anything to save their own sorry asses.
And FUCK Bernanke for getting involved (secretly of course) for buying their shit.
Ben, forget that statue of you being erected for being the "Saviour of the EU".
Draghi will be a footnote in the EU bankruptcy.
goosey goosey goose step
to my inkjet print step
hungry not me step
screw the citizen step
got my ROTHSCHILD gold step
delivered to my door step
so fuck you mother fuckers step
And do the goosey goose step!
Lame Duck.
If it looks like a duck
walks like a duck
and quacks like duck
then it must be another ECB turkey
Club of legitimate Monetizers
Gee, thanks for the new livery, Mr Blankfein! But please don't do me off yet, sir, I'm still useful!
There is a famous joke about a leprechaun getting drunk and arguing with his friend afterwards about who he had sex with. He claimed it was a leprechaun nun, his friend said it was a penguin....and now there is a third option...Mario Draghi.
As long as monetization is conceived while married it's legitimate.
Of all the pictures I have done of him, the lame duck in the Napoleon jacket seems most fitting.
WB7-
No, Talleyrand jacket. As Napoleion said of him, "You're shit in silk stockings." The moniker fits.
"How can someone so powerful be so ill behaved"
Talleyrand about Napoleon
Wasn't this the point of the Minsky read the other day? The question is whether Minsky imagined an environment in which "big government" could prevent another Great Depression subsequent to the nation seeing the productivity of its physical economy but thoroughly decimated, while at the same time being held hostage to bond holders in a paradigm purposely made blind to any lack of due diligence on their part? It's unlikely that, in this climate he would find debt monetization legitimate.
Pardon me for not being relevant to this post's inquiry...
Secret ECB Millenial Quest Seeks Answer to Ancient Mystery: Will the real Spartucus please stand up?
...you can get labor to follow the Suicide Vampire Squid's New Lame Duck, marching to the Winter of our discontent, after being raped ...aagain and ...aaaaagain ...and again...
If I walk like a duck, look like a duck, and quack like I'm a duck....I'm not a duck.
I'm a Bernankacopterus liquidius
Lol Lamont, that's better than Chuckduckelope. http://www.youtube.com/watch?v=cSlr6Ft-Rv0
If it looks like a duck and quacks like a duck...its-a Draghi...
my bad...almost sounded like a La vita e bella reference
Looking at the photo of Draghi I am reminded of the expression......dead as a dodo.
Obviously a witch.
He turned me into a newt...
I got better.
Keep movin', movin', movin',
Though they're disapprovin',
Keep them doggies movin' Rawhide!
Don't try to understand 'em,
Just rope and throw and grab 'em,
Soon we'll be living high and wide.
Boy my heart's calculatin'
My true love will be waitin', be waiting at the end of my ride.
Move 'em on, head 'em up,
Head 'em up, move 'em out,
Move 'em on, head 'em out Rawhide!
Set 'em out, ride 'em in
Ride 'em in, let 'em out,
Cut 'em out, ride 'em in Rawhide.
Full Lyrics
Rollin', rollin', rollin'
Rollin', rollin', rollin'
Rollin', rollin', rollin'
Rollin', rollin', rollin'
Rawhide!
If it infiltrates like a rothschild minion, wrecks nations like a rothschild minion,
worked for goldman like a rothschild minion, then it's a masonic kosher satanist duck.
http://investmentwatchblog.com/mario-draghi-summarized-in-late-2009-the-...
I am fed up with people suggesting fiat currency has no physical backing. Last time I checked they made cars and they are as good a physical asset as I know.
I sleep easy at night knowing the banknotes in my wallet are backed by the Panda Standard.
Trust me it's for the greater good.
We need to abandon (openness and transparency) to save it....
"Yeeeeep !!! Come on , Angela !! Only you would take the "goose" in "Duck, duck, goose" literally. Next time, try tapping me on the head or, better yet, keep your Teutonic hands to yourself !"
DUCK! Interest rates are falling!
I swear I was in Basel a minute ago and I was .... no wait ... what's this popping out my butt
"When I was a young Weimar German we used to have to walk five kilometers through waist-deep fiat every morning to get to school"
"Will Robinson"... danger danger..... We've just identified an alien
... while attempting hereby to defeat and impair the legal right of the Party of the Second Part, the Parties hereto hereby agree:
(a) That a duplicate original of this contract of the said Party of the First Part is negotiable, assignable, and capable of being pledged or hypothecated;
(b) That when the above mentioned money debt has been fully paid, and when all of the other obligations hereunder of the Party of the Second Part have been fully performed, the Party of the First Part shall have the right, at his option, to lol at said Party of the Second Part or to his lawful successor or successors.
Feathers ruffled and quacks appearing as Europe ducks issues of capital flight, despite egging on from Draghi many are left with a wing and a pare as periphery shell game sends interest rates marching higher.
"Penguin in bondage"
http://www.youtube.com/watch?v=z5nBrZgtbxQ
(I attended this very concert. Nine years old, sitting on my dad's shoulders.)