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The Fed May Be Pumped Up

Tyler Durden's picture





 

Via Mark J. Grant, author of Out of the Box,

Not So Fast
 
“For every action there is an equal and opposite reaction,” Isaac Newton tells us. It is within this context that we also account for “unintended consequences;” those nasty things that no one thinks of that tend to jump out of the bushes at you when you thought you had everything figured out. In Bernanke’s rush to increase employment and raise asset prices and lower mortgage rates, if not to help the President with his re-election; I would assert that the Fed did not go far enough in its thinking and that they may get stung by what they have not considered.
 
The issue here is gas at the pump.
 
Far more important to most Americans than the interest rate on their mortgages is how much they have to pay to fill up their cars. This is true, I think, for the group affected by both costs but the amount of people in the United States that have no mortgages and still have to pay for gas to go to work and the grocery store is a far larger amount of people than those that own houses. Further, the amount of time necessary to lower mortgage rates is a much longer proposition than the time it takes to raise prices at the gas stations. With oil hovering around $100.00 and likely to go higher as a consequence of the Fed’s recent actions; trouble may be brewing.
 
Even without Bernanke’s recent move the price of gas has escalated dramatically. Regular gas, since July 1, has risen 54 cents to $3.87 which is a 14% move up in just two and one-half months. It is now highly likely, in my view, that regular gas will reach $4.00/gallon and move higher from there. This will cause a hue and a cry from the streets and the Press will turn its attention to this and the Fed and Mr. Obama may well get blamed for this outcome and hence the “unintended consequence” swings fully into view.
 
European Banking Oversight
 
After this weekend’s meeting of the European Finance Ministers it is crystal clear that no new banking oversight authority is imminent. While it was a grand plan concocted in Brussels and unveiled with virtual threats that it had to be enacted immediately to save Europe; it was a flop at the meeting. The Financial Times says that any of the twenty-seven nations can veto the proposal and the push back from Sweden, Finland, Britain, Germany et al was loud and boisterous. You may recall that this concept was one of the cornerstone’s for Germany to allow the ESM to provide money directly to European Banks but it appears that it may have been more of a political place to hide than what the Germans really wanted and, in any event, the Brussels plan is nowhere close to what the Germans had in mind. The meeting had any numbers of countries intoning, “Not Happening” in a variety of languages and dialects. The two connected issues of loss of sovereignty the lack of desire to be accountable for the banks of other nations poured like a Tsunami on the scheme dreamt up in Brussels. The Germans were quite clear, once again, that any money for the Spanish banks, as one example, would have to go through the Spanish government and they would have to be accountable and also audited by the various EU institutions and by the IMF. The odds are virtually 100% that nothing will be accomplished in 2012 and quite high that nothing will be accomplished ever given the absolute power of a veto on this issue. The roll down would then be no money directly for any banks of any nation and no change to the current structure of the Stabilization Funds.
 
Vive la Difference
 
The recent position of the Fed was spelled out and will be enacted. You may be happy, unhappy or camped in between but they will do exactly what they have said they are going to do. This is a Continent apart for the recent announcement of the ECB and should be noted. The European Central Bank waved the banner of “unlimited” and “without cap” subject to the CONDITION of the EU’s acceptance and audits and the approval of any nation applying for aid. It may not have dawned upon you or most of the world but the ECB may never do anything as a result of the yoke that it placed upon itself; nothing at all may ever happen. If the Austrians and the Dutch are to be taken at their word and no more of their money is going to be used to bailout other nations then all of the fluff raised upon giant banners may be no more than flags waving in the wind. The strategy has worked to date and driven down interest rates but when people figure out that the condition is actually an impediment; the winds may begin blowing in the other direction. If “A” depends on “B” and “B” is not forthcoming then “A” is a worthless proposition.
 
Tell no one that I told you though. It could cause indigestion in Brussels and their food is rich enough now and costly enough for the other nations in Europe. It is a funny thing you know; when a promise made is not a promise kept then Pandora jumps about with her little box of miseries.
 
“Let the key guns be mounted, make a brave show of waging war, and pry off the lid of Pandora's Box once more.”
 
                         -Amy Lowell

 


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Sat, 09/15/2012 - 20:41 | Link to Comment goldfish1
goldfish1's picture

Far more important to most Americans than the interest rate on their mortgages is how much they have to pay to fill up their cars.

Price per gallon bitchez.

Sat, 09/15/2012 - 20:44 | Link to Comment Lost Wages
Lost Wages's picture

It is becoming even more important, as most Americans will soon be living in their cars.

Sat, 09/15/2012 - 20:52 | Link to Comment Yen Cross
Yen Cross's picture

" Americans are living in their cars"    I deeply care about home/less/ness!  I donate, and have been there.

    These people aren't losers. They aren't forgotten!    Part of my " Trading/fiat" company has/will be " actively donated"

   currently/ and " in trust"!

Sun, 09/16/2012 - 03:49 | Link to Comment qqqqtrader
Sun, 09/16/2012 - 04:58 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Amerika has a lot further to fall than most think...they will not be able to turn the PetroDollar into a FractoDollar. So expect to start paying prices which everyone else around the world has been paying, for decades.

Sun, 09/16/2012 - 11:02 | Link to Comment LMAOLORI
LMAOLORI's picture

 

 

That is the plan obama want's $8 gas anyway and so do his gloBULL warming followers. The other portion of his voter's won't blame him they believe he is just being blocked at every turn they said so at the convention.  I doubt the majority even understand how his spending and the Fed's monetization of our debt affect's them let alone this new round of QE.  Even if they did they wouldn't vote against him simply because of the welfare payments. They'll find out the hard way when the country goes into a full blown depression and the welfare benefits finally get cut. In the meantime we will all have higher food/energy costs.

Quantitatively Easing America Further Into Inflation

Sun, 09/16/2012 - 21:53 | Link to Comment markmotive
markmotive's picture

QE3 (aka QE Infinity) may be the final straw we write about in the history books.

http://seekingalpha.com/article/870071-qe-infinity-the-fire-hose-into-th...

Sun, 09/16/2012 - 08:08 | Link to Comment duncecap rack
duncecap rack's picture

Great chart

Sun, 09/16/2012 - 10:33 | Link to Comment Mark Wilson
Mark Wilson's picture

Indeed. Looks like the Clinton years were the best as far as gas prices for minimum wage earners go.

Sat, 09/15/2012 - 20:54 | Link to Comment goldfish1
goldfish1's picture

The arrogant bastiges don't even consider that the price of gas could be the tipping point.

Sat, 09/15/2012 - 21:00 | Link to Comment Michael
Michael's picture


Portuguese and Spanish march as anger over tax hikes grows

http://www.reuters.com/article/2012/09/15/us-portugal-protests-idUSBRE88E0GZ20120915

 

Scorpions - Wind of change

http://www.youtube.com/watch?v=YFh2vpGeoIk

Sun, 09/16/2012 - 00:01 | Link to Comment SafelyGraze
SafelyGraze's picture

well here's your problem:

http://www.amazon.com/b?ie=UTF8&node=236150011

Do you accept Food Stamps (EBT cards) as payment for items offered at Amazon Grocery? No, at this time Amazon.com does not accept Food Stamps or EBT cards as payment for items offered in Amazon Grocery.

Sun, 09/16/2012 - 04:54 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Apple accepts Food Stamps for new iPhone5 purchases. "Let them eat iPad", and now iPhone.

QE-FoodStamp...let's eat our way out of this mess.

Ben's new motto: "An Apple a day keep a Depression at bay"

Sat, 09/15/2012 - 23:25 | Link to Comment Slightly Insane
Slightly Insane's picture

Don't forget the "carbon tax" ..... for a "carbon based economy"  .... this is a disaster.   Just remember, it's all part of the "plan".   Blame those responsible.  Make sure we don't let them off the hook. 

When the music stops .... make sure you're in front of an "empty chair".

Sun, 09/16/2012 - 10:37 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

They know...yet they print.

Sat, 09/15/2012 - 22:12 | Link to Comment A Lunatic
A Lunatic's picture

Clunkers for homes, bitchez..............

Sat, 09/15/2012 - 22:16 | Link to Comment Jack Burton
Jack Burton's picture

Brilliant! + 100

Sun, 09/16/2012 - 05:37 | Link to Comment spentCartridge
spentCartridge's picture

You're better off sleeping in a tree than inside a car of an evening.

 

It gets fucking cold inside of a car at night.

Sat, 09/15/2012 - 21:44 | Link to Comment ACP
ACP's picture

AND, of course, no one in the media dares to mention that the Baltic Dry is now (possibly) lower than it was during the depths of the crash/recession from 2008-2009. Can Tyler or anyone else confirm this? I can't tell for sure, but it looks like it.

Edit: http://www.bloomberg.com/quote/BDIY:IND/chart

 

Sat, 09/15/2012 - 21:55 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Looks like it to me, 662 now vs 663 then.

Close enough either way.

"Fooked" is the technical term, I believe.

Sat, 09/15/2012 - 21:59 | Link to Comment ACP
ACP's picture

Much obliged.

Sun, 09/16/2012 - 04:20 | Link to Comment trebuchet
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John Major  (remember Black Wednesday), ex UK prime minister/ex chancellor live on UK TV just indicated a strong belief that Fed Europe is coming with treaty in next few years. It is his belief that UK is on recovery.

Sun, 09/16/2012 - 04:38 | Link to Comment FreedomGuy
FreedomGuy's picture

"Vee are going to pamp you uppp!"

-Hans and Franz, SNL

Sun, 09/16/2012 - 12:47 | Link to Comment Cast Iron Skillet
Cast Iron Skillet's picture

So what would be a good excuse as to why the gas price suddenly went up? lessee .... maybe a war would do it ...

Sat, 09/15/2012 - 20:49 | Link to Comment Meesohaawnee
Meesohaawnee's picture

the premise is that they care..they obviously dont . or else we would have had the opposite of mega qe. quit thinking in that mode. think like a sociopath .. if ben would have just said no qe you might have had crude in the 60s 70s which would have been "stimulative" or a tax cut .. but no.  Loose the idea that this is about "the people" thats was gone with June Cleaver's meatloaf

Sat, 09/15/2012 - 20:54 | Link to Comment LetThemEatRand
LetThemEatRand's picture

The fundamental problem is the corporate owned media that puts all of this nonsense into a flse red/blue narrative that fools 90%+ of the population.  For example, the media narrative assumes that the Fed always has existed and always will exist.  The offical media debate is over whether the Fed is politicized and whether ORomney would fire or retain Ben (like it matters).  Never will you hear any real discussion about ending the Fed.  Therefore, 90%+ of the population doesn't even think about it.

Sat, 09/15/2012 - 21:05 | Link to Comment nmewn
nmewn's picture

If the Fed ends, war AND welfare as we know it, ENDS. Time to choose sides now LTER, do choose wisely ;-)

I am John Galt and I approve this message.

Sat, 09/15/2012 - 21:09 | Link to Comment Yen Cross
Yen Cross's picture

 What happened to " humanity" ,nmewn?   

Sat, 09/15/2012 - 21:13 | Link to Comment nmewn
nmewn's picture

We can handle it without intervention ;-)

Sat, 09/15/2012 - 21:16 | Link to Comment Yen Cross
Yen Cross's picture

 You have been exposed to some" ugly times: as well.   Yes we can! :-)

Sat, 09/15/2012 - 21:18 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"If the Fed ends, war AND welfare as we know it, ENDS. Time to choose sides now LTER, do choose wisely ;-) I am John Galt and I approve this message. "

John Galt was a fictional character and there is a reason you must rely upon a fictional character to make your point.  Ever think about that?

I choose humanity that elects its own government, and that does not rely upon industrialists to guide us through life.

I am a unicorn and I approve this message.


Sat, 09/15/2012 - 21:50 | Link to Comment nmewn
nmewn's picture

A unicorn is also a fictional character LTER.

But of Galt or a unicorn...which is closer to humanity & reality?...I have to double check these things with you, before proceeding ;-)

Sat, 09/15/2012 - 21:56 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"A unicorn is also a fictional character LTER"

Exactly.  Did the reference make my point stronger, or weaker [I am setting aside the obvious intentional irony that you did not see]?

Sat, 09/15/2012 - 22:12 | Link to Comment nmewn
nmewn's picture

Excellent...lol.

So what can a unicorn have taken from him/her by the state (more than once) to create your rainbow paradise?

Sat, 09/15/2012 - 22:28 | Link to Comment LetThemEatRand
LetThemEatRand's picture

If the Unicorn elects his or her (do lady unicorns have horns?) own government of like-minded Unicorns without corporate interference, that decision will be up to said Unicorn.  And if you are concerned with the tyranny of the majority, history proves that they will "elect" [more likely cheer him on in big rallies after the Unicorn-elected leader slaughter] a tyrant to lead them if the Unicorn election is deemed too bothersome.  As shown by American history, great men and women tend to become leaders when the people are allowed to decide without corporate or Royal interference.  P.S.  note how many news stories there are today about the fuckers born to royalty in England.

Sat, 09/15/2012 - 22:34 | Link to Comment nmewn
nmewn's picture

Unicorns have no concept of elections...none...zero. They are, not only fictional...but as animals usually kill things with their horns as defensive/offensive weapons.

Your use of the word (if) is lost on me, just like expecting a unicorn to give a portion of his pasture to a sheep who will ruin it by killing the grass...but we were talking about war AND welfare before your distraction weren't we?

Sat, 09/15/2012 - 22:36 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I've said this before and I'll say it again.  Welfare is no different than any other infrastructure that encourages commerce.  I do not live in a gated community nor do I want to.  We could talk all night about how to make it more effective.  I agree the system is broken, but that is because corporations want Welfare recipients to buy big screens.

Sat, 09/15/2012 - 23:27 | Link to Comment nmewn
nmewn's picture

No, its because unicorn riders stick their noses into every aspect of commerce.

And yes, its broken and the Galts of the world have no desire to fix it again...I'm of the opinion those who won't fix it for themselves can starve to death waiting for ole John to come back and be secrewed again.

Sat, 09/15/2012 - 23:45 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I've said it before, I'll say it again.  Galt is a fictional character.  The real-world versions are the guys you hate.

Sun, 09/16/2012 - 03:30 | Link to Comment Colonel Klink
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And I just thought unicorns were around to shit skittles.  So where do skittles come from then.  I know they exist!

Sun, 09/16/2012 - 00:11 | Link to Comment Slightly Insane
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Welfare is different (in my opinion).  The present system allows one to sustain and propagate at the expense of "others", using the government to act as the regulator of behavior.  There is a built in "defect" in that system which never causes the recipient to climb out of the parasitic behavior.  The problem with "welfare" is that it should be treated as a "loan", which requires a "payback".  The second problem is that it is used to "buy votes".  If the system of welfare had a "life time limit" on the amount that could be drawn, wherby it would cease at the "limit", I wonder if such a behavior would continue.  Any other form of commerce requires a "payback".  One could argue that even "prison" has a "payback" .... although that is a very different type of welfare, and one which essentially is never "paid in full".   (Try to get a job after imprisonment, and sustain yourself, as your "debt" is never really paid in "full".... where the stigma attached to a criminal background follows you through life).

Just a thought, but it appears that we didn't have a huge problem with "welfare" until the government system was created.

 

Sun, 09/16/2012 - 03:41 | Link to Comment Colonel Klink
Colonel Klink's picture

Sure, originally welfare use to be called charity and was handled by the church and other groups.  If they didn't help, you went hungry or starved!!  Welfare is neither well, nor fair.  It's purely wealth transfer.  Plain and simple.

Subsidize anything and by it's very nature, you'll get more of it.  We need to stop womb to the tomb welfare and make it "WORKFARE".  You want payment, you must report to a work facility for training and work.  See how long people stay on THAT!

Sun, 09/16/2012 - 08:42 | Link to Comment Slightly Insane
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Col. Klink - spot on.  The Government "welfare" is flawed in that my taxes are used to subsidize their behavior, and as such my contribution is neither voluntary or charity.  Somehow I bear some responsibility towards someone who has made a series of bad decisions which has led them to a life of poverty.  I am not clear how I am responsible for either their bad choices, lazyness, or bad luck.  I am not against lending a helping hand, however I want them to climb above the shit, and payback into the system so that I no longer have to.  I also see this as the major fault with the liberal mentality, in that a persons choice to have children that they can neither afford, nor take care of is somehow my responsibility.  This is exactly what the liberal mentality does - it shirks responsibility.  If a person decides to have 10 kids and go on welfare --- I see that as a problem, as the choice to perpetuate is optional and involves choice.   Somehow, I fail to see how I am responsible for their choice, and hence the outcome.

Welfare should be entirely voluntary, and many sins would be solved.  (Perhaps the only exception should be afforded to military families that loose the bread winner in war .... I think that was the basis for welfare originally).

Sun, 09/16/2012 - 10:32 | Link to Comment FeralSerf
FeralSerf's picture

"If a person decides to have 10 kids . . ."

Then why do people of your ilk oppose abortion?  It is illogical.   Perhaps if one is not able to afford a child then mandatory abortion is the answer?

Most people, except for the Morons, that have 10 kids don't really choose to have them.  The kids are just a consequence of their recreational sexual adventures.   Is that what they call it "re-creation"?

Sun, 09/16/2012 - 14:43 | Link to Comment Overfed
Overfed's picture

I don't oppose abortion. It's a damn sight cheeper than multi-generational welfare.

Sun, 09/16/2012 - 10:41 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

We already have "Welfare" that needs to be paid back. Its called a student loan.

Sat, 09/15/2012 - 22:27 | Link to Comment Jack Burton
Jack Burton's picture

Brilliant as always "LetThemEatRand".

MS Rand believed humans had no right to democratic institutions. I have news for MS Rand, though she is gone now, I am of Scandianvian heritage and democracy goes way back with us to before Viking times. We met to decide things at a general meeting and if anyone tried to force their way without a vote they got a battle ax in the head. MS Rand needed a good old Viking Battle Ax between her ears!  Give me a vote or give me death!

Rand was freak, and a dangerous freak at that, Her worship of a so called elite class was just her form of mental illness.  In her world average folks would be slaves, it is our duty as men to stand against anyone who would take us back to the dark ages of serfdom.

Sat, 09/15/2012 - 22:29 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"it is our duty as men to stand against anyone who would take us back to the dark ages of serfdom."

Talk about summing it up.

Sun, 09/16/2012 - 00:07 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Talk about brutal irony coming from my fellow serfs - who seem keen on further 'en-serfing' themselves, Herrschaft escapes you (mentally), so Knectshaft ensnares you (physically and mentally). Nothing new here, and your Gebietern are very pleased.

Sat, 09/15/2012 - 22:47 | Link to Comment Yen Cross
Yen Cross's picture

 Jack , we like you.  Stay away from the " kamikazes" (¥)     Thumbs up!

Sun, 09/16/2012 - 00:00 | Link to Comment Totentänzerlied
Totentänzerlied's picture

"MS Rand believed humans had no right to democratic institutions."

I would love to see you present a logical argument advancing the opposite claim, I await it anxiously. Perhaps you should check up on the definition of the word "right" before beginning composition.

"We met to decide things at a general meeting"

LOL so you admit democracy is just the hoi polloi arguing with each other over who next to exploit/rob/coerce/cheat/kill/etc, thanks for clearing it up.

"and if anyone tried to force their way without a vote they got a battle ax in the head."

How surprising, democratic politics leading to mob violence.


MS Rand needed a good old Viking Battle Ax between her ears!  Give me a vote or give me death!

Inciting violence against a (deceased) author and failing to realize that your "vote" is an act of pointless violence.

You should learn your own history a bit better, the thing was far from democratic, and your people have been the bitches of your monarchs since well before the Viking age. The only people who can claim a true democratic past, not to mention a rather successful one, are Greek. Interestingly your people and the Greeks both practiced slavery, I guess democracy real or imagined doesn't preclude barbarism (ironic) after all, oh well.

"Her worship of a so called elite class was just her form of mental illness."

I'd like a reference to this worshiping, but I'm not holding my breath, as this next gem:

"In her world average folks would be slaves"

Reveals the fallacious belief underlying your opinion, and you have made no attempt at proof. I am confident your conception of Nietzschean ethics is so poor as to not even justify being called flawed. The second ad hominem claim you make does not reinforce the first, true or false, and is likewise provided without proof or justification.

"it is our duty as men to stand against anyone who would take us back to the dark ages of serfdom."

I don't think it's very democratic to tell others what their duty is, I think you would need to put it to a vote, though I'm not sure why; perhaps you could clear that up... regardless, the irony is rich, as you have placed in opposition the kindred phenomena of democracy and functional serfdom. In truth, of course, we never left the dark ages, which, incidentally, were not nearly as dark as hardcore modernists seem to wish they had been - Enlightenment utopianists engaging in unabashed revisionism qua historical slander, who would have thought?

If you are of the opinion that our present age is so very bright, related somehow to the triumph of democracy I presume, this simply suggests that you have poor photosensitivity - and a teleological weltanschauung, i.e. privileging the arbitrarily determined point of arrival over the quite purposively selected point of departure.

Sun, 09/16/2012 - 11:30 | Link to Comment Jack Burton
Jack Burton's picture

"Yes", But what point are you making?  Is this a defense of the Randian world view? Elaborate.

Of course we all know that the primitive democracy of Scandinavia was not a model for 21st century. But, things progress, and I am not ready to adopt Communism, Fascism or Randianism as of yet.

What do you propose, as you clearly are well spoken and well informed?

See, we can have a discussion, without the name calling that prevades so many discussion boards.

Sat, 09/15/2012 - 23:28 | Link to Comment James
James's picture

nmewn, once again I find you fighting wits w/a unarmed opponent.

Like shooting fish in a barrel

Sat, 09/15/2012 - 23:47 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Says the shotgun who blames the fish.

Sun, 09/16/2012 - 04:46 | Link to Comment James
James's picture

"Says the shotgun who blames the fish."

 

 

Those fish should not have been swimming in my barrel.

Sun, 09/16/2012 - 08:43 | Link to Comment nmewn
nmewn's picture

"nmewn, once again I find you fighting wits w/a unarmed opponent."

I prefer to call it fishing with dynamite, you never know whats gonna float to the surface...like this...

"Welfare is no different than any other infrastructure that encourages commerce."

According, to LTER, welfare encourages commerce...I-did-not-know-that...lol.

So we need to be promoting more welfare (not less), more reliance on government programs (not less), more Bernanke printing (not less) until we reach some new economic nirvana and social order brought about by...welfare infrastructure?

Some of her crap can be stunning and revealing at the same time.

Sun, 09/16/2012 - 10:51 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

From the perspective of Walmart and JPM...Welfare does promote commerce.

Sun, 09/16/2012 - 11:37 | Link to Comment nmewn
nmewn's picture

Ain't fascism grand ;-)

Sat, 09/15/2012 - 23:46 | Link to Comment Slightly Insane
Slightly Insane's picture

Yeah John Galt was a "fictional hero" ...... but from what I have learned, this fictional character has galvanized the belief system of many people I know.   Most of what you have learned from history in school has been "fictionalized", unless it was learned from the "source".  Wesley Mouch also was a fictionalized character, and I know many people in Government who apparently emulate his belief system and behavior pattern.  I would rather aspire to something that pursues truth and independence then to aspire to a pathetic "parasitic" behavior.  This is no different then the story telling that occurs in a parable.  (It's a story told with the purpose of explaining outcomes, the purpose being to explain cause and effect).

You're either part of the problem, or part of the solution.  I chose the latter.

I see more John Galt's every day.

Sun, 09/16/2012 - 03:45 | Link to Comment goldfish1
goldfish1's picture

There's only two choices?

Sun, 09/16/2012 - 04:39 | Link to Comment James
James's picture

In LTERs' bleeding eyes of hatred for anything Rand he/it fails to realise that the concept of John Galt existed before Rand herself was even born.

If the concept of bettering oneself thru brains and hard work is taken away thru ANY means the producer WILL pull back to the equivalant of a valley in Colorado.

LTER is just pissed that he/it can't MAKE the Galts of history produce under HIS terms.

In other words, LTER wants/expects John Galt to be HIS bitch.

And he'll vote for any bastard politician who'll do just that. FORCE Galt to be societies bitch.

Not gonna happen.

Sun, 09/16/2012 - 20:06 | Link to Comment livid levity
livid levity's picture

What is the "better" human?  More or less hairy?  Do brains and hard work make humans better?  Last I checked, brains fail over time and hard work leads to muscular degeneration and death. 

Sat, 09/15/2012 - 21:08 | Link to Comment goldfish1
goldfish1's picture

They will think about $5 gas.

Sun, 09/16/2012 - 00:25 | Link to Comment DeadFred
DeadFred's picture

Assuming the 'peace' ,holds. Any serious number of flying missiles will make us think back on $5 gas with nostagia. Gas won't likely be the worst of the unintended consequences, people know about gas.  It's those ones that sneak up unexpected-like that do the most damage when they bite you on the hind quarters.

Sun, 09/16/2012 - 06:59 | Link to Comment Amagnonx
Amagnonx's picture

The impact of rising oil prices on agricultural commodities is not discussed often enough for my liking - when the price of oil is rising the price of grains will lag - and that will mean reduced supply - because it won't appear to be economical to plant that crop.

THis will create a massive see sawing effect on grain prices, trending with oil, but far over shooting to the upside - this is going to be a serious issue.

Sun, 09/16/2012 - 13:44 | Link to Comment Dr.Engineer
Dr.Engineer's picture

"think like a sociopath" 

Absolutely brilliant!!

Sat, 09/15/2012 - 20:51 | Link to Comment Hype Alert
Hype Alert's picture

Gasoline isn't a problem if Obama has the keys to the SPR.  That should last a couple of months.   It's funny how the Dems were all up in arms when the SPR was being filled saying the money should be spent on social programs, now it gets tapped as an unofficial re-election fund.

Sat, 09/15/2012 - 20:55 | Link to Comment Meesohaawnee
Meesohaawnee's picture

id luv to see what effect the spr in history has ever had.

Sat, 09/15/2012 - 21:10 | Link to Comment defencev
defencev's picture

9 days. I hope this action will bury Barri's presidency. As Mark Faber yesterday said, by printing money Bernanke is (and I quote)

"destroying the world". Along with Obama I would add.

Sat, 09/15/2012 - 22:17 | Link to Comment A Lunatic
A Lunatic's picture

The plan is to destroy the world as we know it. Please take as much time as necessary to wrap your minds around this concept........

Sun, 09/16/2012 - 07:54 | Link to Comment Go Tribe
Go Tribe's picture

Exactly. $10 a gallon? No problem - buy a government-made Volt. They are that direct in their thinking.

Sat, 09/15/2012 - 21:21 | Link to Comment Harbanger
Harbanger's picture

The SPR is in place to counter a severe supply interruption of crude oil, not to artificially lower prices to influence an election. Should there be an actual supply interruption or crisis we would find ourselves in real trouble. As far as history, the last five times gas prices spiked in the United States, the incumbent's party lost the election.

 

Sat, 09/15/2012 - 21:51 | Link to Comment defencev
defencev's picture

Let me add here that the plan may be more sophisticated than we assume. Barry may include in calculation an imminent attack of Israel on (in my opinion) Syria first to destroy chemical weapons and take out Syrian air defence along the way. Thus, clearing a direct path for the subsequent attack on Iranian nuclear installations. In this case, the gasoline price spike may be blamed on attack.

Sat, 09/15/2012 - 20:55 | Link to Comment insanelysane
insanelysane's picture

Will be tapped by October 15th.  The markets are just flat out busted.  They are bullish because things suck so bad we need to Ctrl-P to infinity.  When will they realize that spending always outpaces printing.

Sat, 09/15/2012 - 22:07 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Good eye Hype.

Posts like this are what allow me to not watch CNBC (pretty much any TV) with a clear conscience.

Sat, 09/15/2012 - 20:53 | Link to Comment Ineverslice
Ineverslice's picture

   Let's roll the dice.

   "At this point Mr. President, most of your base can't afford a car anyway...

    let us keep them fed, and make sure we get more registered as each day passes."

Sat, 09/15/2012 - 22:15 | Link to Comment Ness.
Ness.'s picture

If you do own a car in the organizer's community, it's getting awfully expensive to 'filler-up' these days.

 

http://www.chicagogasprices.com/Map_Gas_Prices.aspx

 

As long as the fires keep burning in the ME you can bank on $5.00 gas before the election.

Sat, 09/15/2012 - 21:02 | Link to Comment booboo
booboo's picture

so after all of the bullshit and fraud that has been perpetrated on the world by these suckers of cock we think they won't just arbitrarily change the measurement of a gallon to three quarts? And idiot nation will think that their gas price went down. Problem solved. Next!

 

Sat, 09/15/2012 - 21:03 | Link to Comment francis_sawyer
francis_sawyer's picture

So Mark Grant is warning us that the Fed Money printing might bring about higher gas prices...

Now THAT's OUT OF THE BOX thinking... [rolls eyes]

Sat, 09/15/2012 - 21:29 | Link to Comment eigenvalue
eigenvalue's picture

I start to think that Mark Grant maybe is a contrarian indicator.  Gasoline prices are going to fall from now on.

Sat, 09/15/2012 - 22:13 | Link to Comment steve from virginia
steve from virginia's picture

 

 

 

"Gasoline prices are going to fall from now on."

 

Yr right! At some point they will!

 

Most Americans are flat broke, at some point they have to eat, fuck the goddamned car. It can fend for itself.

 

When prices fall = inflection point as w/ (irreversible) climate change. They fall due to system failure and inability to pay.

 

Um ... hey pal, you don't wanna be there. You have no idea what it is yr facing. You need machine gun, samurai sword. Mad Max @ exponent.

Sat, 09/15/2012 - 21:06 | Link to Comment Yen Cross
Yen Cross's picture

 The huff/puffers are out today!  Effen libtards, protecting their " SNAP" disbursments next month!

Sun, 09/16/2012 - 03:10 | Link to Comment WTFx10
WTFx10's picture

Well when the food runs out they can always steal one of your cars to pay for it.

Sun, 09/16/2012 - 08:03 | Link to Comment Winston Churchill
Winston Churchill's picture

Let them eat fed.

Sat, 09/15/2012 - 21:09 | Link to Comment BlackholeDivestment
BlackholeDivestment's picture

Vote 2 Party at the Pump 

    Dial 666-ADD-Debt 

                     One of Two Evils 

 

This has been a message from; Homeland Security, Department of Transportation. 

             ...and the Public Private Partnership, U.N. Agenda 21. 

 

Remember FDIC. 

http://www.youtube.com/watch?v=SCSzeJphg5g

Sat, 09/15/2012 - 21:08 | Link to Comment Zer0head
Zer0head's picture

Far more important to most Americans than the interest rate on their mortgages is how much they have to pay to fill up their cars.

 

it is an election year and there is something called the SPR

I assure you that the Administration will open the spigots wide and long at the appropriate moment while pointing to higher costs due to  mid-east turmoil, Bush, libertarian extremists etc

Sat, 09/15/2012 - 21:09 | Link to Comment Meremortal
Meremortal's picture

If you want to tax windfall profits, first you gotta create some windfall profits. Then you can talk about how bad those windfall profits are, and how they need to be taxed. But only the rich will pay!

 

Suckers.

Sat, 09/15/2012 - 21:38 | Link to Comment Aquarius
Aquarius's picture

"“For every action there is an equal and opposite reaction,” Isaac Newton"

 

Newton was wrong. There is always resistance and it is this resistance that makes life and all things possible. Ignore resistance and all things are ill-founded.

 

All "economists" are wrong! Bernanke is vastly wrong. The USA is about to socio-economically and fatally collapse.

Sat, 09/15/2012 - 21:14 | Link to Comment fonzannoon
fonzannoon's picture

ugh this guy again.

Sat, 09/15/2012 - 21:15 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Action: Bernenke makes bankster elites wealthier.

Reaction: Middle class falls into poverty.

 

Sat, 09/15/2012 - 21:17 | Link to Comment yogibear
yogibear's picture

If you have SNAP, welfare, section 8, free cell phones and health care what's the worry? You don't have to drive to work.

Sat, 09/15/2012 - 21:55 | Link to Comment max2205
max2205's picture

New rumor. SNAP to include 5 gal of premium each week so they can get to the liquor store.

Sat, 09/15/2012 - 21:18 | Link to Comment nah
nah's picture

in 2k8 i remember people saying it was getting so there was no point having a job, when between gas and child care... you will soon be loosing money

Sat, 09/15/2012 - 21:39 | Link to Comment toady
toady's picture

2k8? I hear that a lot now!

Most of the 'new jobs' are part time and pay less than $12 an hour. The only people who can 'live' on that are kids living in their parents basement or folks who are already retired who are combining it with SS to survive.

Sat, 09/15/2012 - 21:19 | Link to Comment shovelhead
shovelhead's picture

No problem,

Sell gas by the dram @.005 cents.

Looks cheaper than $5.12 /gal.

Sat, 09/15/2012 - 21:21 | Link to Comment cjbosk
cjbosk's picture

Good, the once was middle class, now lower class a-la Owe-Bummer, will get what they asked for. They ultimately are the ones who voted this nut job into power.

Squirm TOTUS supporters!

Sun, 09/16/2012 - 00:28 | Link to Comment defencev
defencev's picture

I recall one of my liberal friends (whos opinion I respect) told me that the whole world hates us (Americans) and if we elect Obama as a President, it will change American image in the world. Judging from what is going on in the Middle East, it really did not happen. In my view, Obama does not have a coherent foreign policy, including in the  Middle East. Indeed, it seems the only thing he is doing is using drones for assasination. It definitely should not help in certain Sunni circles. If, for example, he would interfere in Syria, stopped massacres  , it could have been appreciated and perhaps stopped islamists from taking (eventually)

the control over there. No matter where you look Obama is unmitigated disaster. Yet, somehow, he will probably be reelected as POTUS. Something beyond my comprehension.

Sun, 09/16/2012 - 03:06 | Link to Comment WTFx10
WTFx10's picture

Just because he was different than the last guy doesn't mean he would be a better puppet. The only thing that changed was the colors of their faces. Their orders still come from the small group of men who own the planet? Who created the Con of fiat (this time in history) and sold it to the worlds governments? They are pushing for that international fiat after it falls apart and who the fuck do you think will control that? The same cocksucking inbred weathly crazy Muslims of course who own all those private Banks?

Gabeesh?

Sat, 09/15/2012 - 21:25 | Link to Comment kito
kito's picture

Why do pundits claim that bernanke did this for employment....im fairly sure this had something to do with a rapidly imploding shadow market that was looking terminal....and I look forward to tyler sharing this revelation with us.........

Sat, 09/15/2012 - 22:14 | Link to Comment Atomizer
Atomizer's picture


 

 

Show us were the employment falls on the FOMC.

Kito, do you really know the intended mission of the Federal Reserve? There is no revelation, just distortion by keeping dumbfucks like yourself hoping you can live in a Venus Project society.

http://www.federalreserve.gov/aboutthefed/mission.htm

Sat, 09/15/2012 - 23:02 | Link to Comment Atomizer
Atomizer's picture

Kito, your following didn't answer my question. Negative arrows just reinstate the initial question asked. Tag, your it.

Sat, 09/15/2012 - 23:51 | Link to Comment kito
kito's picture

atomizer why are you itching to engage with a dumbfuck?

Sun, 09/16/2012 - 08:12 | Link to Comment Winston Churchill
Winston Churchill's picture

Was reading Jim Willie last night.

It struck me that the 'cash for trash' just unveiled by Zimbabwe Ben,matches

in dollar terms the 40k-60k tons of allocated gold that Willie claims was corzined.

Never found anything to be a true coincidence in life.

Sat, 09/15/2012 - 21:31 | Link to Comment Atomizer
Atomizer's picture

Until tonight, I haven’t been to a grocery store in three months. My better half does the task. I’m standing at the meat section and spout out “ Have all the shitty steaks now become a filet mignon?" Every goddamn fucking thing in the store was compacted into a daily Purcell [atomic physicist nuclei] of food.

 

So I arrive at the checkout, the woman asks me if the watermelon is seeded or non-seeded. I reply, “why can’t your scanner make that determination” ? Both cashier & bagboy broke into laughter. The really good part of this visit, everyone knows about this bullshit. Even my bagboy who was wearing braces.

Sat, 09/15/2012 - 23:03 | Link to Comment James
James's picture

The young man who assisted me today @ AutoZone went off w/no prompting from me at all.

2 weeks ago i was at a Harbor Freight store stocking up.

In walks 3 guys dressed in tan clothes w/no badges but they did have radios on their belts.

Third time I crossed their path the 220 lb. meathead w/no neck lunged at me but stopped at the last minute.

It's coming my friends.

Sat, 09/15/2012 - 22:44 | Link to Comment steve from virginia
steve from virginia's picture

 

 

Even without Bernanke’s recent move the price of gas has escalated dramatically. Regular gas, since July 1, has risen 54 cents to $3.87 which is a 14% move up in just two and one-half months. It is now highly likely, in my view, that regular gas will reach $4.00/gallon and move higher from there. This will cause a hue and a cry from the streets and the Press will turn its attention to this and the Fed and Mr. Obama may well get blamed for this outcome and hence the “unintended consequence” swings fully into view.

 

I LOVE BEN BERNANKE! If he was here I would PUMP HIS HAND and offer him a CIGAR! Way to go Benny! You've pretty much set the course for the COMPLETE AND TOTAL ANNIHILATION OF THE WORLD'S AUTO INDUSTRY! In a few more years there won't be ANY MORE CARS, they will be TOO EXPENSIVE FOR ANYONE OTHER THAN MILLIONAIRES.

 

QE FOR MILLIONAIRES, ZIP FOR EVERYONE ELSE! I LOVE IT! (See frenzic's post below.)

 

There aren't enough millionaires to support a massive integrated auto industry, they will buy hand-built cars. THE ENTIRE INDUSTRY WILL COLLAPSE AS IS UNDER WAY RIGHT NOW, IN EUROPE!

 

Benny CAN'T END QE WITHOUT THE FED LOSING CREDIBLITY. IF THE FED LOSES CREDIBILITY THERE WILL BE UNSTOPPABLE BANK RUNS. BENNY THE (LOVABLE) DOOFUS HAS FINALLY PAINTED HIMSELF INTO A CORNER HE CANNOT ESCAPE!

 

(BTW: if there is continuing QE there will also be unstoppable bank runs, but that is another story.)

 

HE DOESN'T UNDERSTAND THE NATURE OF OUR CRISIS, IT IS AN ENERGY CRISIS IN THE DISGUISE OF A LIQUIDITY SHORTAGE. HE DOESN'T REALIZE THIS, I DO. YAY BENNIE! BY ACTING AS A (LOVABLE) JACKASS YOU'VE DONE THE RIGHT THING BY ACCIDENT!

 

The WALL STREET IDIOTS CAN'T HELP BUT FORCE CREDIT INTO CRUDE OIL. IF ONE WALL STREET IDIOT DOESN'T DO SO, ANOTHER WILL. THE OUTCOME IS A DEMAND-DRIVEN DEFLATIONARY CRASH! +$120 BRENT CRUDE STRANDS MOST OF THE USA'S, EUROPE'S, JAPAN'S AND CHINA'S FUEL WASTE INFRASTRUCTURE.

 

HA HA HA HA!!! SORRY, BWAH HAHAHAHA!

 

I am looking forward to the time when I can dance in the middle of the 8-lane freeway in front of my HOUSE! I WILL SPIT ON THE GRAVES OF GENERAL MOTORS, FORD, VOLKSWAGEN, TOYOTA AND THE REST OF THE PLANET-MURDERING CAR AND ENERGY COMPANIES. THANKS BEN BERNANKE, YOU ARE MAKING A LIFELONG DREAM COME TRUE!

 

YOU ARE ACTUALLY SAVING THE HUMAN RACE IN THE NICK OF TIME EVEN THOUGH MOST HUMANS ARE TOO STUPID TO UNDERSTAND OR APPRECIATE IT!

 

As for going places ... walk you lazy cocksucking-motherfuckers. It's good for you.

 

Sun, 09/16/2012 - 06:45 | Link to Comment Amagnonx
Amagnonx's picture

Well - I agree with your conclusions regarding oil shortage, and increase in prices.  I think there is something you might have over looked though.

Agriculture is extremely energy intensive - and oil prices will advance at a much faster rate than grain prices - that will mean that many farmers will be unable to plant crops.  They will be buying oil at tomorrows prices, and selling grain at yesterdays prices  -and losing money doing it.

 

We will have a big reduction in the volume of food produced by these energy hungry methods - and it won't just be people in the third world who won't be able to afford to buy food.  I don't think its much to celebrate - but I do think its inevitable.

Sat, 09/15/2012 - 21:55 | Link to Comment frenzic
frenzic's picture

I personally run two cars, diesel and pay out of pocket for those and for the cars and diesel my drivers need to make their (and my) fiat with. We all drive around the world a couple of times a year in distance. I cannot report most of these numbers to the taxman and be made somewhat whole snce that would mean they know how much my business really makes. I am not bending over for those predators. I only use a bankaccount to pay the taxman, otherwise there's just no money in my or my business's accounts. All cash all the time. Yeah, it's kind of a shady business I am happy to report. I hand out small prepaid phones that barely make calls and forbid smartphones and other (I)crap but that's a whole other story. Diesel is @ $7,60 a gallon atm., without taxes it would actually be $3,57 a gallon. It's insane. To say it's killing me would only be a slight exaggeration. I am not alone in this, it could indeed turn out to be the straw that broke the camel's back. Fuck the Dutch jooservants er government. Fuck our US jooservant overlords. Fuck the joomoneymen who hide in the dark. Years of wars for hegemony in the oilproducing parts of the world and this is what it all comes down to. They are out to get us. We'll have to get to them first. I am taking lessons to get a permit, not a normal thing here, and I will be prepared. Hell I might even be the first to shoot. What is there to lose. So yeah there is some thruth in the artice.

http://www.youtube.com/watch?v=ojhyPQJgQMw

bitchez

Sat, 09/15/2012 - 21:57 | Link to Comment boiltherich
boiltherich's picture

I think we need to look on the bright side, we can now balance the budget by raising taxes on the recipients of all the trillions in free new printed money.  Of course nearly all wealth in the top 10% of richest Amricans was also gotten the same way over the last 40 years rather than by building and risking and creating and working hard, it was made by using loopholes and slippery accounting and lax regulation and Ponzi schemes and crony capitalist connections like the Romney family has employed to go from near poverty on a Mexican rancho for the many-wived to super rich in just a couple generations.  They do not make anything they inherit.  Those billions and trillions did not even exist 20 years ago, they are newly printed theft of our wealth channeled into the pockets of the very elite. 

Benny is going to pump a trillion bucks of QE 3 into the accounts of the wealthy over the next year to 18 months AT LEAST!  Maybe a lot more.

So I have NO problem with a confiscatory vastly progressive income tax for top "earners," and I also have NO problem with a federal wealth/property tax for estates in excess 5 million bucks.  We would just be taking back what the crooks in congress and at the Fed gifted them with in the first place OUR OWN BLOOD SWEAT AND TEARS, our country!

Whining little cunts that bitch about taxes need to understand that when the legal tender is counterfeited it dilutes and steals all our wealth for the benefit of a very few and I will be GODDAMNED if I am going to vote to put the poster child of the fraudster elite retards into the Oval Office NO MATTER WHAT!  Obama could turn blacker and I would still vote for him at this point, and the exploding heads of all the racists here will just be an added bonus.

The wealthy welfare queens of our upper crust need to die.

Sat, 09/15/2012 - 22:03 | Link to Comment steve from virginia
steve from virginia's picture

 

Sorry, there is no 'printed money' you've been had. You might want to look at the actual Fed balance sheet info.

 

There are loans (but nobody can repay them). At the end of the day everyone is still broke.

Sun, 09/16/2012 - 03:39 | Link to Comment boiltherich
boiltherich's picture

Ah the voice of wisdom.  No printing you say?  Fed balance sheet you say?  Loans that nobody can repay you say?  Every loan is both an asset for the person that lent and a liability for the person that borrowed.  The Fed balance sheet has shown an increase of about 4 trillion bucks since the depression started.  But that does not include 16 trillion in secret loans they made that were so conveniently zeroed out through accounting frauds.  They had collateral that on the books was worth every dime they lent so the net was zero.  Unfortunately the collateral they accepted was total garbage worth nothing and they knew it, so that sixteen trillion was in effect nothing but monitization of criminal proceeds.  Fraud.  There can be no real economic growth in the world till that is paid down through the inflation tax these unelected cunts have just levied against us, and to make matters worse they will make us pay for all the ForEx fuckups, the derivative shit storms, and through it all property in the Hamptons will retain it's value.  You though will be eating at a feeding station. 

Not everybody is still broke as you say.  The top 10% in wealth just got a whole lot richer and the bottom 90% (ALL OF YOU) just got a whole lot poorer.  I used to hope that we could together do something about it, but I now see that you accept is as quietly as sheep accept rain.  And anyway I am not getting into a lifeboat of revolutionaries who might act when they say they represent Nazi values.  I would rather see the Rothschilds win than to fight next to anyone that says my rights are less than theirs.

Sat, 09/15/2012 - 22:09 | Link to Comment frenzic
frenzic's picture

"Whining little cunts that bitch about taxes"

10 50%.

20 Up yours.

30 To vote is to agree.

40 GOTO 20

Sun, 09/16/2012 - 05:41 | Link to Comment Bartanist
Bartanist's picture

Ummm ... so you must approve of Obama's actions?!?

Admitedly Romney is abhorent and pathetic. I cannot vote for him either. But Obama is a liar and a fraud and in most cases his actions are the opposite of his teleprompted words. He is abhorent and pathetic and currently leading us down this path. I cannot reward whateverheis with a vote either.

Sat, 09/15/2012 - 21:52 | Link to Comment SanOvaBeach
SanOvaBeach's picture

I have a magnetic bumper sticker on my 308 GTi.  I'm green!  7mpg at 117mph.  I care, but really don't care about the price of gas.  If it goes up, great, less cars on the road.  I also have another magnetic bumper sticker that I can take off anytime because it pisses people off.  It recalls a better time in the 80's when the economy was booming.  It says, Remember the sticker, whoever has the most toys, wins!  I win, fucker!

Sat, 09/15/2012 - 22:20 | Link to Comment Yen Cross
Yen Cross's picture

Beautiful. I bought my first Ferrari. (1983 308gtsi Quatro valvo) and loved that " cacophony of "valve clatter""  I was hooked immediately!

 A friend of mine bought a " 328gtsi" 1986 and it was even more beautiful. The redesigned bumper caps. Then another Friend bought a " Black "348" in 1993, and it was fun as well.

                Then came the F355, I'm a pop-up headlight fan. The 5-valve (small block " horizontally opp[osed " 3.5 litre V-8" was sweet!

            Introduce the " F-360 Modena" Breathtaking!  " F-430 scagletti" Breath taking".   Love the " TUBI exhaust, and carbon fibre, rear facia"

                         I won't divulge the " 458"Details. Current "599 gtb" owner.  Have fun with that FF/4seater. and that new " ff".

    Yes I will trade up to that new "Front Engined" Monster! (http://www.ferrari.com/english/about_ferrari/ferrari_today/locations/fna...

Sat, 09/15/2012 - 22:35 | Link to Comment steve from virginia
steve from virginia's picture

 

My Toyota Sienna 'Quatro valvo' six didn't have any 'valve clatter', even after 250,000 miles. The brakes and suspension failed, I was tired of replacing them over and over. Door latches = + $2,000 for five of them (for all the doors). Cheap plastic Japanese dreck, just like Subaru.

 

I could put 40 pieces (1,600lbs) of drywall in the back. That's how the car paid for itself: plumbing tools, electrical gear, tens-of thousands of pounds of concrete in bags. The Ferrari? What a fucking joke, a useless piece of shit. Not worth $50.

 

Only a greater fool.

Sat, 09/15/2012 - 22:35 | Link to Comment Yen Cross
Yen Cross's picture

Relax Steve, it was on the back of much higher! Interest rates, and I wasn't gaming the Fed!

  Your " building budget" far out weighed my car budget.

Sat, 09/15/2012 - 23:05 | Link to Comment steve from virginia
steve from virginia's picture

 

Uh oh, sore spot!

 

A human being on ZeroHedge! Must be a breakdown in NSA 'security'.

 

My building budgets were cash and carry. Ferraris are a fools' game: they are too easy for children to wrap around lampposts. I know, I used to fix them along w/ the other exotics.

 

Admittedly, a good Ferrari is like a good Picasso but ... just wrong in all the ways that really matter, like a good Tiger tank or a good U boat ...

 

Gimme the gold ...

 

 

Sat, 09/15/2012 - 23:10 | Link to Comment Yen Cross
Yen Cross's picture

Beautiful ( single slab), Countertops, deserve some mention? Steve?

Sat, 09/15/2012 - 23:27 | Link to Comment SanOvaBeach
SanOvaBeach's picture

Your sorta right.  But I got all the super beautiful, godl-digging. snapping pussy I wanted.  But those were younger years when I did most of my thinking w/ the wrong head!

Sun, 09/16/2012 - 10:05 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

1994 Ford F-150, I6, rwd, long bed.  Stick. No air (wing windows!) 305,000 miles. The interior smells of 1000s of pipefuls of Dunhill and Rattrays finest.  Would not trade it for all the foriegn wheels in the world.

Sat, 09/15/2012 - 23:22 | Link to Comment SanOvaBeach
SanOvaBeach's picture

We are off topic but I can't resist.  I actually like my 1984, completely modified, GTV-6, Alfa Romeo.  I increased the displacement from 2.5L to 3.0 by putting on a 164 head and installing 164 pistons.  It hauls ass but not Redneck (sorry), NASCAR, burn rubber at the line fast  It is Autobaun fast!  Just about everything on the road can beat me thru the intersection.  These idiots in their riceburners, pop the clutch when the light turns green, and then when they get out of the intersection, the race is over.  What pea-brains!  The worse thing I can do is pop the clutch in a transaxle car.  Many of these morons don't even know what a transaxle is and why.  Such is life in car culture crazy SoCal!

Sat, 09/15/2012 - 22:44 | Link to Comment Atomizer
Atomizer's picture

We think alike. I remember when crude shot up to $143/bl. Empty roads, no traffic and enjoyed my 11/mpg ride. I think those old memories will repeat very soon. Looking forward to it!

Mon, 09/17/2012 - 02:49 | Link to Comment honestann
honestann's picture

Yeah, well, I have a small airplane that gets 75 miles per gallon at 250kph (and almost 50 mpg at 285kph), flies 4000km nonstop on one tank of auto gasoline, and live in the extreme boonies where nobody can get to with any land vehicle.

So I never deal with traffic jams no matter the price of gasoline.  I fly straight-line to everywhere I want to go, even just shopping.  I can land on only 25 meters and take-off on 100 meter straight stretches of regular roads, driveways or open fields.  If the wind is 40mph or more, I can land and take-off straight up/down like a helicopter.  I can even land many places in cities, like on socker fields and such (and airports).  But everywhere I go is rural and has endless places to land nearby, even right next to stores, markets, almost everything.

However, I don't think it is very funny to see millions of poor folks get royally screwed to feed caviar to the banksters, and help them upgrade from 100 to 200 foot luxury yachts.  To laugh at all the poor folks is rather heartless, and unless you're located as far in the extreme inaccessible boonies as I am, you better be careful how bad you enjoy things getting.  The zombies and canabals may get you yet.

Sat, 09/15/2012 - 22:22 | Link to Comment Börjesson
Börjesson's picture

It's kinda funny how you can take a close look at the Fed and the ECB, compare them, spot and point out to us just what the difference is - and still miss the point.

* The Fed is going to print until the cows come home. Bernanke as much as said so himself.

* The ECB on the other hand may not print at all, or if they do, they will do it kicking and screaming, and not one euro more than they absolutely have to.

So far, Mark is on the money. But what, pray tell, will be the consequence of this difference? Simply this: The dollar will print itself into oblivion, go the way of the dodo, go belly-up, go to meet its maker. But the euro won't. Instead, there'll be plenty of fiscal pain in parts of Europe, the exact sort of pain that politicians will do just about everything to avoid (since it will cost them their reelection), but the currency will survive. Because in Europe, the politicians don't call all the shots!

Unlike the Fed, the ECB doesn't cater to any particular country, and while some want to print, others just as strongly oppose it. It'll be years before the Eurocrats in Brussels manage to cobble together enough political unity to be able to tell the ECB what to do, if at all. (For my part, I'm strongly rooting for the "not at all" option, since I'm rather partial to democracy. And democracy isn't in any way compatible with a fiscal union, or with the EU Commission.) By that time, hopefully, it will all be over, we'll have a new economic world order, and there won't be a need for any fiscal union anymore.

Sat, 09/15/2012 - 22:31 | Link to Comment Yen Cross
Yen Cross's picture

Börjesson   Would you like to read something even more funny?

 

       Initally I thought you were being a smart ass, and I was "WAY WRONG"!    Your implicit understanding of European Banking is to be commended! 

         You must be " not to be [ pretentious] a hard working " Northern European" lad?

Sun, 09/16/2012 - 05:41 | Link to Comment Haager
Haager's picture

You sound pissed, but does it need to get personal?

Actually, the Germans still say 9 to almost everything and you can bet your head that workers rights, the pensions et al  in the southern european countries will be crushed - so where will you put cash first if you try to flee devaluation?  

Sun, 09/16/2012 - 00:13 | Link to Comment andrewp111
andrewp111's picture

Oh, the ECB will print to infinity and beyond, just like the Fed. But the PIGS have to squeal first, and hand over all fiscal sovereignty to Emperor Draghi. When a pig is squeezed hard enough, it eventually squeals. Works every time.

Sat, 09/15/2012 - 22:44 | Link to Comment Cabreado
Cabreado's picture

"The issue here is gas at the pump."

"crystal clear that no new banking oversight authority is imminent."

How distasteful it is...

insulting the intelligence of people who may be impacted by the cost of living,
but certainly are aware of greater issues,

while admitting, then analyzing, the behavior of those in control who do not give a shit...

all in the same breath.

 

 

Sat, 09/15/2012 - 23:40 | Link to Comment SanOvaBeach
SanOvaBeach's picture

And I spoke my mind.  Maybe that is what this blog is all about.  Ill say something to you that really does not apply in this cell phone world, but you'll get it.  Here is a dime, go call your mommie and tell her you blogged and had an exchange with a sefish, greedy, old man, that does not give a damm about a lot of things anymore!  Nuke the whales!

Sat, 09/15/2012 - 22:57 | Link to Comment Paracelsus
Paracelsus's picture

The experts said everything was fine with Bear Stearns until...

The experts said everything was fine with Lehman Bros.until...

The experts said everything was fine with the funny mortgages until...

Spread the risk,spread the toxin....

The patient dies,world war results...

They are certainly correct. It is different this time.

Somewhere's out there are aliens watching this shit and laughing their 5 testicles off.

Sat, 09/15/2012 - 23:07 | Link to Comment khakuda
khakuda's picture

Guys, the Fed caused the run up in oil from 77 to 100. Look at the charts. Within a week of the Fed first saying they may need to do more last Summer, oil started the climb. Now they are piling on more than expected.

It's going higher, albeit for the pause coming when Obama predictably releases the SPR prior to the election.

QE2 rumors and announcement caused oil prices and interest rates to rise and slowed the economy. This move is doing the same and will continue to do the same. Oil is priced in dollars which are losing value.

Bernanke is a money printer, pure and simple. He is overshooting the proper balance.

Sun, 09/16/2012 - 10:21 | Link to Comment lakecity55
lakecity55's picture

yes.... emptying the oil reserve just when we will need it.

Check.

--TOTUS

Sat, 09/15/2012 - 23:27 | Link to Comment jkings1
jkings1's picture

As I stated on my Financial Balderdash blog last week, i thought the oil industry was trying to a settle a few scores with the big O by undermining him with higher fuel prices into the elections. Now with Bernanke and the Middle East violence, this gasoline price thing could very well topple Obammy. http://buttonwood1792.blogspot.com/2012/09/my-brief-take-on-high-post-labor-day.html

As I say, the near term pain of higher gasoline prices, could actually be worth it, if it gets that guy out of office. While I am no fan of Romney who has effectively been running for the last six years, still can't gain good traction, and would need the help of Big Oil to win the White House, I will settle for him any day over Obama who makes Carter look like a Presidential giant.

Sat, 09/15/2012 - 23:39 | Link to Comment msjimmied
msjimmied's picture

I haven't been to Costco for over a year, I don't need dozens of everything. But I went yesterday cos I had my sister to split the oversized bundles with. EVERYTHING in the last year has gone up at least 25%! Everything! OK, maybe not the mesclun salad. It wasn't so obvious when I was buying the smaller portions, didn't notice the creep. I have my standard list, so it wasn't random articles, these things I know well. It isn't just gas. I worry about people struggling, this will squeeze the average Joe, make the desperation so much more intense.

Mon, 09/17/2012 - 02:26 | Link to Comment honestann
honestann's picture

What you say is accurate.  Yet the poor just keep on buying because they keep getting sent new credit cards.  All this leads to exactly what the banksters want... everyone in the world in debt - to them.  That's called slavery and human ownership --- by stealth.  Even more extreme than the original slaves too, since they didn't have to pay for their own food, housing, etc.

Sat, 09/15/2012 - 23:44 | Link to Comment trip kitchen
trip kitchen's picture

Damn, I liked having the bike lanes all to myself.  Guess I better hook up a horn.

Sun, 09/16/2012 - 04:27 | Link to Comment goldfish1
goldfish1's picture

yeah and get one of those strobe flashers for front and back. so much easier to see you that way.

Sat, 09/15/2012 - 23:47 | Link to Comment q99x2
q99x2's picture

QE to Infinity will resolve these issues and the funding of all the NWO world wars currently underway, and those about begin, especially the one with China over oil, and the revolution starting in the US, and the collapse of the EuroZone. So whats to worry about? Bernanke has it under control.

And if he doesn't he will be brought to justice.

Hey, Resident Evil opens tonight. 3D YeeHee.

Sat, 09/15/2012 - 23:50 | Link to Comment UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

What's important to me is the dead soldiers to the gallion quotent. Not so much the price in little green papers.   

Sat, 09/15/2012 - 23:59 | Link to Comment monopoly
monopoly's picture

This is an excellent post but I do not think the price of oil and gas at the pump will rise that much in 6 weeks to keep Obama out of the WH. Also, as I remember the last time the idiots released oil from the SPR, the lower prices lasted for about a week. Obama is just desperate enough to release the oil two weeks before the election. The consequences be damned. I am the President. Makes me sick just to think about this failure in the White House.

Sun, 09/16/2012 - 10:18 | Link to Comment lakecity55
lakecity55's picture

Barf, barf. I agree. However, if you are whichever enemy slipped him into the office he does not qualify for, he is doing a bang-up job.

Sun, 09/16/2012 - 00:00 | Link to Comment silverserfer
silverserfer's picture

the fed owns my mortgage any way. better to pay 400 in mortgage interest a month than  600 even if gas goes from 140 a month to 160.  the lesser of two shitty situations that serfs have to live within is an easy call. Inflation is a well distributed tax as fucked up as it may be Its the flat tax that all the conservatives whish for. We all pay for it. Fuck off anyway bitchez.  

Sun, 09/16/2012 - 00:49 | Link to Comment dwdollar
dwdollar's picture

Judging by the number of people eating at the Texas Madhouse tonight these are boom times! Granted, most of the meals were probably being paid on credit. And 1/3 of the restaurant was being occupied by America's new generation of rude, dumb-shit high school jock students (at taxpayer expense I'm sure). When does the idiocy end?

Sun, 09/16/2012 - 02:14 | Link to Comment Ineverslice
Ineverslice's picture

Remember footage of the dry season in the Serengeti, parched antelope and wildebeest dipping back into the croc-laden riverbanks, where just minutes before all had survived a potentially bloody fate.

This can only end when a nation that knows nothing but to consume (to feel good about themselves) finally get slaughtered.  

The "denial" camp still rules imo.  Many stations to go until we hit Prechter's, Repudiation of Debt as the Bernank doesn't let us evolve into the "anger" stage.  Starve the beast.

Sun, 09/16/2012 - 05:26 | Link to Comment Bartanist
Bartanist's picture

IMO, the US is being offered up as a sacrifice by those who believe they run the world. The defeat of America will be rejoiced globally since everyone hates our arrogance and psychopathic warmongering. The American people have been sold out by the banks and their elected officials who no longer have any control of the situation. I am sure they will wake up and think OMG what have we done, but it will be too late.

Unfortunately those good people, including the ignorant ones eating at Texas Fatburger (o whatever), who have trust in Obama and the others entrustedhe to run the system, will be hurt. The ignorant do not deserve to be hurt by those whom they trusted regardless of how much they have failed to be the ideal human.

Mon, 09/17/2012 - 02:23 | Link to Comment honestann
honestann's picture

The predators-DBA-banksters and predators-DBA-government know exactly what they're doing, and always have.  They are stealing from the poor [and middle class] and giving to the rich predators... while saying they are stealing from the rich and giving to the poor [and middle class].

Amazingly, it keeps on working, which proves humans are the dumbest lifeform on planet earth.  And I mean that... literally.

Sun, 09/16/2012 - 02:44 | Link to Comment WTFx10
WTFx10's picture

"When does the idiocy end?"When you get your fat ass out of the texas madhouse and stop complaining about those "dumb-shit high school jock students".

I'm sure you had a hand in the education since you pay taxes. Why are they so dumb,because their parents are just as lazy as you. Didn't we have a retard texas president? Zionists and fascists paid for his education the same ones educating those "dumb-shit high school jock students" with your taxes this time.

If texans are so tuff and so patriotic why the fuck haven't you arrested that war criminal? Use a little state justice on that traitor? Can't too busy stuffing your fat face at the texas madhouse complaining about kids who have just started their slavery.

Go fuckyourself.

Sun, 09/16/2012 - 00:53 | Link to Comment Yen Cross
Yen Cross's picture

 The bottom of every thread, represents hard working people! We have a job, and don't have the time to play " Chineze ChecKERS", with every one!

Sun, 09/16/2012 - 04:55 | Link to Comment jack stephan
jack stephan's picture

"TOP O' THE WORLD, MA!!!!!!!"

2013 water snake year- enter the lament configuration.

Good luck zh

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