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Chart Of The Week: Monetary Chaos In The Bubble Years
Via Sean Corrigan of Diapason Commodities
Here we show the divergence in sigmas from the mean of the stable, well-behaved, 43-year distribution laid out between 1952-1974 of the sectoral share of total domestic US holdings of money (currency + demand depos) which took place over the last wild, decade and a half of bubble and bust and outrageously suppressed interest rates...
...apart from the sheer scale of the disruptions involved since 'Irrational Exuberance', note the underlying message that, given that they hold a higher fraction of the stuff than has traditionally been the case, if you want to 'mobilize' the money in existence now, it is the willingness to do so of Non-financial BUSINESSES (both corporate and non-corporate) you need to encourage, a finding which further supports our oft-expressed contention that it is not the level of interest rates or currency parities, but the extreme degree of regime uncertainty which is the enervating factor and that this last is as much to blame for the current, sub-par recovery as it was in the FDR/Morgenthau/Eccles 1930s - and for similar reasons relating to the stultifying effect of an excess of overactive, arbitrary political intervention amid a patently incomplete liquidation of the mistakes of the prior Boom!!!
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"POP"!
Shocked as I am about the complete lack of economic education on this site, coupled with a total ignorance of Keynesian economic theory, I thought I’d direct readers to some educational sources.
1. http://www.federalreserve.gov/mediacenter/media.htm?v=yq3ydto2#education
In this fine introduction to the Federal Reserve system, Professor Ben Bernanke (former Princeton professor and current Federal Reserve Chairman) explains the importance of the Federal Reserve’s dual mandate for maximum employment and prices stability.
2. http://krugman.blogs.nytimes.com/
This blog offers insight into current economic events through the eyes of world renowned Nobel Laureate and NY Times columnist Dr Paul Krugman. I can testify that this blog is most certainly at the cutting edge of economic analysis. Although heavy on theory at times, I have no doubt that with perseverance you will find Dr Krugman’s insights incredibly rewarding.
3. http://gregmankiw.blogspot.com/
Professor Gregory Mankiw is a Harvard economics professor and as such is in a position to offer authentic insight into world economic events. Professor Mankiw offers exactly what you would expect from a Harvard economic genius – incredibly precise yet cool headed discernment of complex problems in economics, with a wealth of evidence. Following this blog is like having a personal Harvard mastermind to guide you through these uncertain and daunting times, and is a must read for anyone interested in practical economic theory.
Please consider these sources carefully before beginning the usual libertarian frenzy of mindless insults and baseless accusations. Thank you.
you're a tool
side note:
bank of america website is "temporarily unavailable"
maybe there's a run on the bank?
$5 fee will crash that fucker
update: home page is up, but try transfering money
"Internal Server Error
The server encountered an internal error or misconfiguration and was unable to complete your request.
Please contact the server administrator, [no address given] and inform them of the time the error occurred, and anything you might have done that may have caused the error.
More information about this error may be available in the server error log."
I thought you were joking, but it's really down. BAC following EK I guess....
Home Page Temporarily Unavailable
We're sorry, but some of our pages are temporarily unavailable. Thanks for your patience.
If you like, you can:
Continue to Online Banking
Access Merrill Lynch Online
Find a Bank of America ATM or branch
The credit-debt (same thing) faux expansion since roughly early 1970 (when we coincidentally went off the gold standard and turned the asylum over to the criminals like Greenspan and Bernanke) has only JUST BEGUN to deleverage.
If anyone thinks we've made significant progress, whether in the U.S., in Europe or even in the BRIC nations (whose own credit derived faux expansion began in the mid 1990s), in terms of deleveraging, they're hopelessly naive.
If this were a baseball game, we'd barely be out of the 1st inning.
The depressionary, painful collapse of liquidity is coming, and those who actually believe that a) The Bernank will be able to stop the end result, or b) would want to stop the end result, assuming that he could, are delusional.
Fractional Reserve Banking, baby! It's all fun and games with digits, leverage and Keynesian 'truisms,' until someone loses an eye, the one-eyed man is installed as king, things spiral terribly out of control for most, and then the majority of the population is harvested as grist for the mill by those at the true top of the apex predator chain, who then garner even more genuine assets having inherent value for fractions of fractions of their former cost.
p.s. - I laugh at articles like this, which talk of the banktruptcy of the formerly 'super wealthy' like Patricia Kluge, almost as if the New York Times is trying to appease the sheeple and make them feel better about how badly they're being ass raped by Jamie Dimon, The Bernank, the Central Banksters in general, and other Rothschildian Lieutenants (fun fact trivia: Many thought JP Morgan was the wealthiest man alive during his elder years, when in fact, upon the public reading of his will in New York Probate Court, it was disclosed that he only owned a mere 19% of his own company, with the Rothschild Family owning a majority of the shares), when in reality, Mrs. Kluge wasn't anything near "super wealthy' nor did she have anything remotely close to an 'in' with the real elite. She's just another serf who used to have a larger-than-average credit line (which she maxed out to the outer limits, as they had hoped she would - harvest time, and all of that...):
Patricia Kluge Loses Her Fortune in the DownturnEasy come, easy go....
Iraqi-born Brit who worked as a belly dancer before marrying a tabloid publisher and becoming a fixture in his soft-porn enterprise, then divorcing him and marrying John Kluge, a media mogul once touted as the richest person in America.
With her second marriage, Kluge went from posing nude to hosting fancy society parties
Paris Hilton's future?
((Paris + Patricia) - Shoes) / 2 == Imelda Marcos
Is going to be interesting to see if the era of the Rothschild family is coming to an abrupt end.
LOL
Who, the holders of almost all physical, estates surpassing the Queens of everywhere, philosopher's stone, free energy, demonic powers, puppet masters of all politicians, Marshall of mercenary armies, literally sitteth upon the right hand of God the Almighty and all the dope you can smoke piped straight into your home?
Nah. They're probably doin' just fucking fine, thank you.
They can still be killed if people get pissed off enough.
Wonder how many people saw the Philisophers stone in there or understand the siggnificance of that Knuckles. They have it, have had it, for a long time.
Hard to believe for most "logical" minds.
ORI
Curse of too much Choice
Domestic households are not doing so well.
Govt seems to be doing just fine.
Muggles!
TruthInSunshine...
Some US States are getting real nervous about the future viability of the US Dollar. As many readers here know, Utah and several other states have installed state laws to allow PMs to be used in various monetary transactons. Of course, don't expect any of this news to appear in MSM broadcasts. Here is a link to 'Notes From the Utah Monetary Summit' and a brief excerpt below...
"I am not given to hyperbole. This is the most important message I have ever sent. I urge you to read it and to share it with others.
Earlier this week, I attended the Utah Monetary Summit in Salt Lake City, Utah. As you may know, the state of Utah passed a Legal Tender Act earlier this year authorizing the use of federally minted gold and silver coins as money in the state of Utah. Now legislators in other states, many of whom attended the Monetary Summit, are evaluating similar legislation.
Among other things, this means the United States is approaching a constitutional crisis because states are beginning to financially break away from the federal government. This is no less serious than the American War of Independence or the War Between the States. The Utah Monetary Declaration (below) is a financial declaration of independence whereby states are beginning to opt out of the Federal Reserve System. A major confrontation seems inevitable.
The issues underlying this historic development include:
FDIC paying them a visit?
guess we'll find out, bad news always comes out on Friday nights
still....8 25
BAC still down. I guess you can't make a run on the bank if you can't get to the site
It is Saturday in India.
http://en.wikipedia.org/wiki/Kevin_Flanagan
Kevin Flanagan was a computer programmer who worked for The Bank of America in Concord, California, USA.
Flanagan shot himself to death in the parking lot of Bank of America's Concord Technology Center after he and colleagues were laid off in April 2003.[citation needed] The lay-offs were due to the company replacing many IT employees with guest-workers who could do the job for less pay. This change included informing the laid-off employees that the remainder of their tenure was to be spent training their replacements.
Flanagan didn't have much or a sense of humor or individualism.
"This change included informing the laid-off employees that the remainder of their tenure was to be spent training their replacements."
So his colleagues must have trained them pretty poorly instead of shooting themselves in the head.
Those are my kind of people...not the Flanagans of the world ;-)
have some humor when you are laid off at 55 (doesn't matter VP or low level employee), and your family is worried sick how to pay for college and living costs. Because son, you are either going to be training Indian replacement or American youngster replacement at the age.
I'd wager he had a better chance of finding humor in the situation he found himself in than his family had once he'd shot himself.
My heart goes out to anyone contemplating suicide. But once they've taken the coward's way out - screw 'em.
I was sleeping with a guy in 1981 that had a house in Arcata California, he had a buddy staying at his house that had taken a plea and was awaiting transport to club Fed. He was hired by BAC to rewrite their ATM codes back when ATM's were totally new. He wrote the code such that it rounded every transaction in the B of A system to give him a penny on all transactions where it was over .50001 of a dollar, all he really did was change the rounding in the banks coding, he did it on a lark thinking it would maybe net him a grand over the life of the program. What really happened was it netted him about a million bucks in the first three weeks. He had shunted any proceeds into a special account and never even checked it. Knock knock one day the Feds came and demanded to speak with him. Do you know how many laws you have broken son? Wire fraud, counterfeiting, almost every kind of crime you can name they accused him of.
That was when I met him, while he was shacking up at my boyfriends house waiting to go to prison. Of course a state of the art computer then was a trash 80. The military had machines that rival today's home computers, but your iPhone or car has more computing power that was used by BAC then. He was totally floored, he had done something by accident that nobody knew could be done, that account had accumulated millions of dollars by the time he checked it for the first time. Just from a rounding of a penny per transaction. Had he meant to rip anyone off he would have taken that money and gone away, you could still do that then. But when he saw that he had stolen millions from this goddamned bank he just went numb. Did nothing, did not touch the money, pretended it was all a mistake. He was 19. I keep asking myself why the biggest bank in the world at the time would hire a 19 year old college student to rewrite their ATM coding. I guess they could not find a Mexican to do it cheaper.
He was a cute kid, we did not get along that well, but he was under enormous stress. Lesson to be learned, many lessons really, when you have rounding that goes 8 digits to the right of the decimal point check it often. Do not hire a college student to do what a licensed and bonded man/firm should do. Do not imprison college kids for having what amounts to a joke. Had he spent or taken a penny then OK, but he never did and only looked at the balance in the account twice while trying to figure out what to do. Of course now he makes over 10 million a year writing algos for GS I am sure.
Somewhere out there is a kid at GS writing code, and he will go to prison at club fed after having a lark at a frat party. But he will be your boss in 20 years. :D
Sorry...once you've got the account on the side, it's not an "accident".
Seems to me directing the firearms at the "guest workers" would prove more fruitful for his family.
Shot himself to death? What a cunt. Couldn't find the boardroom, I guess.
digital money and online banking, it's all ones and zeros, until it's just zeros.
put mine in a pillowcase the old fashioned way. I'd rather be robbed by criminals than give it to the bankers, oh wait ..what's the difference?
This will ultimately have the same efficacy as the financial short ban in Zooropa. It's the Streissand effect for bankers.
Not just a tool... a fucking, moronic tool.
BoA has been offline (they claim slow) for the better part of the afternoon....still cannot access on-line banking. Not looking too good. They may have purposely caused a problem to keep from hemoragging cash.
"
Home Page Temporarily Unavailable
We're sorry, but some of our pages are temporarily unavailable. Thanks for your patience.
"I catch up! Yen. Keep up the good work Papa>
Monday, Bank Of America really becomes Bank of America.
Tool = One with a BofA account.
Not much i can do since some fucker sold my mortgage to them.
I can think of something you could not do...
I just signed on to BOA.
Some pages are not available, BUT ALL BANKING SERVICES ARE AVAILABLE AND OPERATING!!!
So in conclusion let me say: FUCK YOU.
Don't worry Nicycle Repairman
It'll be Wells Fargo soon.
Btw some of my pages aren't loading too fast.
Hey, I love MDB. I've said it before: his is a dry wit.
That was a genius post of trollery. I wish I could give you 100 stars up. I particularly loved "Having a personal Harvard mastermind" bit.
What a hoot! Months of headlines regarding the miserable state of Greek and European banks and soverigns and what happens?
BoA is off line and customers cannot access their accounts?
So... All the finger pointing at Europe/PIIGS/Greece has accomplished what? Not one fucking thing! What cannot be paid, will not be paid by any of these interconnected TBTF azz hats! Next stop for these bastards is Uraguay...
Not that it really matters since all these TBTF azz hats bankers are holding each others debt, and a kazillion derivative bets have been placed that will not be paid, and they will all collapse in a heaping pile of crap like dominos.
Stand by for a deflationary collapse the like of which the world has never seen.
Got gold?
'Liquidate them all' ... Mellon
The Fed, Krugman, and a pompous Ivy League professor's blog - MDB, you just hit the trolling trifecta.
MillionDollarBonehead, I know youre trying hard, but youre just not a good troll. Simple as that. Sorry.
He's no Hamy Wanger.
But nobody else is, thank God.
I actually miss HammyWanger. He had a gift, and I won't deny him his dues.
Now Harry Wanger on the other hand...he was as offensive as old urinal cakes.
I agree, Hamy was fantastic at his schtick, and had me in tears several times. He also helped point out the sharper folks here, as they got the joke as opposed to slamming him.
Given all the bites he's gotten, I'd say he's s fairly successful troll. Maybe not as funny as Hamy, but that is beside the point.
Not sure if this was a joke at first, but in case you're actually serious: the whole point of an economy is to keep society productive and prosperous in it's most simplest and basic sense. All these beloved policies you defend and we are? 1.no closer to growth that could get us out of our debt issues 2. we have a lot higher unemployement/underemployment rate than stated (especially considering those in jail that could otherwise be working) 3. there's been no price stability for the real economy when you look at the swings of asset prices 4. the problem is far from being solved and incapable under the current monetary/fiscal regimes.
Where in your mind did they succeed?
By the way, I don't identify myself by any political affliation nor economic school of thought-- just plain fucking common sense.
"Where in your mind did they succeed?"
In giving him his million dollar bonus to spout this nonsense apparently.
My apologies. I almost forgot to post this link for the younger readers out there:
http://www.federalreserveeducation.org/
On this site you will find all sorts of fun and cool information regarding the Federal Reserve and how they manage our economy. Please share it with friends on facebook/twitter. Thanks!
remember that artivle a few days ago where the fed was gonna start monitering all internet activity? MDB is obviously here to spy on the conversations, and to inject pro fed propaganda into the dialogue.
If that's the best they can do, we'll call it operation asshat
fuck you troll, youre a piece of shit
Please tell me they have a coloring book...
They have a paint the dots fingerpaint book called 'Modern Money Mechanics,' and one has to be truly obtuse to believe what's set forth inside of it to be anything other than a complete and total Ponzi Scheme, using more leverage than any Ponzi that preceded it.
Who else can create fiat from thin air, leverage it anywhere from 9 to 1,031 times over, and tell people it's actually worth something of value?
sorry they have a comic book..
closest i could come to a coloring book was this:
http://homeschooling.about.com/od/holidays/ss/December-Worksheets_12.htm
color in all the fed regions- don't use red, it makes the bankers cry.
Go home and practice.
4/10
Ok. This post is simply brilliant.
+1 for pure sport.
I love MIllionDollarBonuses. His is some of the best satire on ZH.
too dry. no depth, just all in deadpan. He's like if Steven Colbert were on CNN instead of Comedy Central. The idea of satire is to be over the top, not walking precisely on top of the company line.
no thanks
MDB--while you are at it, can you post a map of the Fed Bldg., cause I gotta go, and I would really love to pee on the Fed while I pee at the Fed. Thanks, kid.
this our tax money, being wasted
Great link MDB!
I used the search function to look up "helicopter", but got 0 results.
What did I do wrong? Any advice would be great.
Thanks a trillion, in advance.
it's not that easy to be intelligently satirical in the face of such abuse...try it
I for one, appreciated the link. The History pages give a great insight in the gradual inserting of the bankers' blood funnel into the productivity of the United States and put the Fed's added mandate to keep unemployment at the lowest possible levels in the light of "keep as many peons labouring as you can ".
is that benny?
you suck. And I should know; I'm not just a Benjamin, I'm one of his clients!
How dare you call our accusations baseless. I'll have you know I'm a world renowned sex therapist!
FUCK YOUR FACE BITCH
I think you're blocking. Tell us how you really feel.
I dont think I like you very much.
Sorry we aren't all as mis-educated as you are - is that million dollar bonus what they are paying you to be their tool of mis-information? I guess a person has to make a living somehow........
Bye, Must Do Better
My new favorite Troll
My diploma from FU says you're delusional, misdirected, and desperately seeking attention amongst a group of people who, almost to the last person, find you to be an A(hole)+ student of Ignorance. Please return to whatever Institute of Higher Yearning you escaped from and give our regards to Buffy and the (big fakies) Twins. Obama is looking for his next college romance so feel free to join the campaign and be sure to wear those bright colored shirts with the big 'O'symbol on it, makes the sighting in easier....
BillionMollarDonus.
Noam Chomsky went to Harvard, and MIT.
From Wiki,
Noam Chomsky has argued that the mass media in the United States largely serve as a "bought priesthood"[51] of the U.S. government and U.S.-based corporations, with the three intertwined through common interests.
Your comment had this at the end, "practical economic theory" what is that? is that a quote from Gregg M? the Gregg of the CEA?
Is he part of the "bought priesthood"?
Dapper Dan...
Chomsky received a BA and MA from The University of Pennsylvania long before joining the faculty at MIT.
"A graduate of Central High School of Philadelphia, Chomsky began studying philosophy and linguistics at the University of Pennsylvania in 1945, taking classes with philosophers such as C. West Churchman and Nelson Goodman and linguist Zellig Harris."
http://en.wikipedia.org/wiki/Noam_Chomsky
get a life mate.... seriously... get a life.
Or actually.. Just don't - it's too late for you anyway.
Just carry on regardless...
Next!
voted this up because some people STILL don't get the joke! XD
roflcopter
You might get farther if you didn't open up with a comment like, "Shocked as I am...".Wouldn't get that much farther because Keynsian economics is BS.
If Bernanke (Princeton) is so smart, why has he gotten everything wrong? He missed to housing bubble, subprime loans, etc. QE - fail, QE2 - fail
never get tired of hearing from the Bears: http://www.youtube.com/watch?v=PTUY16CkS-k
Same with Larry Summer (Harvard) - world class fail
With everything so wrong I sense an eye popping, jaw dropping change in Washington this next election. ANYTHING associated with Princeton, Harvard & Chicago will suffer a hard landing.
Did you leave off the /sarc tag or are you serious here?
Let me guess you are an in debt college student procrastinating from your studies to post your naive nonsense. Son, you are already setting yourself up for failure.
MillionDollarBonus - Your humor is so wry, so dry, like a strong, stiff martini.
Your satire is so fine, so subtle, so calibrated, so teasing, so tasty, and a rare delicacy like Japanese blowfish.
It's Friday night. Gimme that exotic dish. And another round of drinks for everyone.
http://www.google.com/imgres?q=we+don%27t+like+your+kind+around+here&hl=...
Admitting you're a friend of Bernanke, Krugman en Mankiw, in times of their promoted mega bubbles popping big time. I admire your courage to be so openly stupid.
I was wrong. You're not a troll. You're an honest to God dumbfuck who has swallowed more KoolAid than most 10 year olds.
BONE-US
You're serious!
oops, wrong place
WTF, meh nevermind
Hey dumb ass. Krugman kept getting so epically owned at this own blog that he had to shut down the comments. Besides being completely wrong, can you show us a SINGLE place where Keynesian economics has done ANYTHING other than decimated their economy?
http://www.americanthinker.com/2010/08/paul_krugman_gives_up_1.html
In 2007 Bernake and Krugman said there was no housing bubble and everything will be fine. Its like having your own personal Harvard dildo shoved up your ass.
Hence Da Bernanke mentioned a "rough patch" for a while until the economy gets all lubed up and ready for another TBTF bank fucking.
Please feel free to offer original thought,if you have any.I have gained more knowledge of Keynesian economic theory and history from two years on this site than my son who is an economics major graduating this semester. For your education, BASIC ECONOMICS 4th Ed, by Thomas Sowell. For your confirmational bias, HTTP://www.Mises.org/articles. Hangout awhile you will learn who offers sound thought and you are welcome to give it a try. Most of us understand Keynes, its how we make our money, we just hate what it does to working people everywhere.
God damn it! Same thing as yesterday! Not only is it not responding to the previous post, this has nothing to do with the frikking article! This has got to be fixed! There are programmers on this site! If they figure out what MDB is we're going to lose three quarters of our troll-bots!
Good God man....
Its just that the average Zerohedge denizen knows more about economics than all of your Ivy League Eggheads put together.
That's because there are more Grand Master chess players on
zerohedge than there are in the precincts of Moscow and Petersburg combined. :o)
There are NO "complex problems in economics."
Just one simple solution: Free Markets.
oh.. and you left out part B - more tax cuts for the rich. don't you listen to our Crackhead saviour Larry Kudlow?
Show me a unicorn, then you'll make me a believer
Someday some science wonk is going to genetically fuse a pony and a narwhal and make a fucking mint.
bravo sir...thought you quit
i laughed so hard i almost cried. best thing i have seen this week!
nice bernankitude mbd
http://dailycapitalist.com/wp-content/uploads/2011/09/spend-spend-spend.png
Here's a good one for you Mr Krugman..er..MDB..
http://www.youtube.com/watch?v=E1Fzzs7oVaA
CNN - Fake Alien Invasion Can Improve The Economy + Admits It Would Be Fake(Project Bluebeam)Enough Said mister Moon beam ...
Yes so all we need is an alien invasion from outer space ( BTW ) looks like Krugman spent alotta time in outer space..
Had to log in just to junk you :-)
This is sarcasm, right?
Excellent Satire!
fascinating
http://expose2.wordpress.com
Is no one going to tell me how I should feel about this?
Dumpster, that was perfect....be scared and be liquid.
I feel verklempt.
Is that the same as bankrupt
AAAAaaaand Scene!
Forgive me, I'm a little drunk but is that last part the future chart of the price of gold?
3:42 ET..? RIGHT ON.
Looks like a compressible object in motion slamming into a solid wall. Ouch.
I probably should have added the word "splat."
Watch out. The music is about to stop and many chairs have been removed.
I think you meant "$plat" - the sound a dollar makes when it hits an immovable object while traveling with infinite velocity. That's why they're not backed by gold anymore. Too much mass, now paper you can shoot that out of a rail gun and it wouldn't put a dent in a dragonfly's backside. It just makes a noise kinda like $PLAT!
it's friday and the music is still playing.
eat, drink, be merry, and worry about tomorrow when it gets here!
if it gets here. See Wittgenstein.
first drink is on me...4 shots of Gentleman Jack already, lol! Always gets me stoked before I hit the clubs and nightscene down here in Chicago on the weekend.
Just like during the Great Depression and Speak Easies, alcohol always sells. There is always an economy around it.
Still got my PMs safetly tucked away here in my safe at my condo downtown. Haven't sold a thing since buying between mid 2009-present. Recent volitility hasn't spoked me in the least. The huge move up actually had been scaring me, reminded me of housing prices just a few years ago. We just witnessed a perfect healthy correction in a secular 10-year+ bull market, IMO. BTFD!
Cheers ZH(ers)!
Yes, there's certainly no shortage of alchoholic dumbfucks in the Midwest.
say that to my face next time
Looks to me like mission accomplished. All wealth has been thusly transfered. Time for the collapse.
Thats exactly right, and why 'bailouts' and 'QE' are a thing of the past. Mission accomplished, next up- pull the rug out.
u know they want to close DOW over 11,000 for the weekend. They will try to do it.
...and they will fail.
They failed-10913
Most excellent avatar - Ren & Stimpy!
http://www.youtube.com/watch?v=uJ3yqtu5Hgc
"I ate the $5..." - Stimpy
No, actually the Bernank's goal for DJIA is 1X,XXX and 1,XXX for S&P.
What does J6P know from 10,000 to 11,000? All he knows is that if one of them is five fingers worth and the other is four, the economy has never been better.
And don't try to explain to J6P that the DJIA would have to be ~40,000 just to be at an inflation-adjusted parity with where it was in the Clinton administration.
His eyes will glaze over and his head will explode while he mutters something about "that's not what the TeeVee said."
Very much similar to thermodynamics and entropy (TIL). Except in this case it's a transfer of wealth not energy.
In all the years of central banking and especially the FED being in existence and in conjunction with failing political systems it is quite clear that both monetary and fiscal regimes in their current structure have an entropy of 0 when looking at the series of policies and analyses they have enacted thus far-- in other words: they've failed, they've come to the maximum of their capacity-- they're utterly useless.
End the fed/central banks/IMF/Worldbank, restructure our political systems (term limits, reform campaign finance laws, get more parties than just 2, and shut the MSM up).
So now we know why there's no hyperinflation.
You sure about that? Yesterday the going rate for motor oil at O'reilly auto parts was $6/qt.
Dang. Where at, Hawaii I hope?? That's outrageous.
Fort Wayne, IN [aka HoosierHickistan].
Asked the guy about it, all he said was, "The rich get richer." This was standard 10W30, not some exotic synthetic.
So...this is bullish for Netflix?
We are set up for one ugly Monday. NDX 100 broke down from its bear flag. Gulp!
Perfect chart to show people who say 'Well things have ALWAYS been like this'...no, they havent at all.
Can't wait to see the next scalar of the fractal. 8D
I got to laugh at that avatar, Wille sneaking off with a sheep under his arm LOL! I guess I was asleep on the job.
It's not one of yours, I promise...
That's Wile E. Coyote (genius!) to you.
Won't be one; the patient died.
Cause: homocide