This page has been archived and commenting is disabled.
Here Comes The Non-Boring Weekend: G7 Says "Central Banks Ready To Provide Liquidity As Required"
The G-7 is in full panic mode. The organization for the prevention of harm to the Status Quo was expected to release a communique possibly over the weekend, but the speed with which one was dropped for mass circulation is stunning and confirms that its members are in full meltdown as the weekend comes. It is now certain that the G-7 will attempt some major intervention over the next 48 hours to inject a last dose of hope into capital markets, or else the Monday open will be an epic collapse.
G-7 Statement on Tackling Slowdown, Supporting Banks
“We met at a time of new challenges to global economic recovery, with significant challenges to growth, fiscal deficits and sovereign debt, stemming from past accumulated imbalances.
This is reflected in heightened tensions in financial markets.
There are now clear signs of a slowdown in global growth. We are committed to a strong and coordinated international response to these challenges.
“We are taking strong actions to maintain financial stability, restore confidence and support growth. In the U.S., President Obama has put forward a significant package to strengthen growth and employment through public investments, tax incentives and targeted job measures, combined with fiscal reforms designed to restore fiscal sustainability over the medium term. Euro area countries are implementing the decisions taken on July 21 to address financial tensions, notably through the flexibilization of the EFSF, reaffirming their inflexible determination to honor fully their own individual sovereign signatures and their commitments to sustainable fiscal conditions and structure reforms. Japan is implementing substantial fiscal measures for reconstruction from the earthquake while ensuring the commitment to medium-term fiscal consolidation.
“Concerns over the pace and future of the recovery underscore the need for a concerted effort at a global level in support of strong, sustainable and balanced growth. We must all set out and implement ambitious and growth-friendly fiscal consolidation plans rooted within credible fiscal frameworks.
Fiscal policy faces a delicate balancing act. Given the still fragile nature of the recovery, we must tread the difficult path of achieving fiscal adjustment plans while supporting economic activity, taking into account different national circumstances.
“Monetary policies will maintain price stability and continue to support economic recovery. Central Banks stand ready to provide liquidity to banks as required. We will take all necessary actions to ensure the resilience of banking systems and financial markets. In this context we reaffirm our commitment to implement fully Basel III.
“We reaffirmed our shared interest in a strong and stable international financial system, and our support for market- determined exchange rates. Excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability. We will consult closely in regard to actions in exchange markets and will cooperate as appropriate.
“We look forward to working with our colleagues in the G20 and the IMF in the coming weeks to rebalance demand and strengthen global growth. As previously agreed, structural reforms will make an important contribution in this regard.”
Translation: the great experiment in encroaching statism, failed monetary policy and central planning continues... Until imminent failure.
And select soundbites of last ditch desperation courtesy of Reuters:
FRENCH FINANCE MINISTER FRANCOIS BAROIN
"The G7 reaffirmed its comittment to safeguarding the solidity of sovereign ratings."
"We have to get away from the idea there is only one solution for all... It's not rigour versus growth."
"It was a G7 where everything was raised. There was no dead time."
BANK OF FRANCE GOVERNOR CHRISTIAN NOYER
"There is an extreme tension on the markets, what's important is that very strong measures are taken by governments concerned."
"It was really a meeting of great cohesion and force. There was a determination by everyone to meet challenges."
G7 OFFICIAL
"The G7 sees a need for a concerted effort at global level in support of strong, sustainable and balanced growth.
"We must all set out and implement ambitious and growth-friendly fiscal consolidation plans rooted within credible frameworks.
"The G7 affirmed its interest in a strong, stable international financial system."
EARLIER COMMENTS
U.S. TREASURY SECRETARY TIMOTHY GEITHNER
"It is completely within the capacity of the stronger members of the euro area to absorb those costs. Those costs would be much, much greater for them and their economies if they sit here and do nothing and they recognize that."
CANADIAN FINANCE MINISTER JIM FLAHERTY
"I hope we would all agree we have to stay the course, that we have to go through the pain of fiscal consolidation. It's not easy, it creates stresses in some countries, but it's necessary, we have to get through this rough patch.
"There's no point kicking the can down the road. If we don't deal with it now we'll have to deal with it later and we know that these problems do not get better with the passage of time."
EU ECONOMIC AND MONETARY AFFAIRS COMMISSIONER OLLI REHN
"We support the United States in its work so that the U.S. recovery can continue, while in Europe we have our own challenges related to fiscal consolidation and restoring confidence in the European economy."
On bank funding:
"Solutions should be found from private markets, from private investors and if that is not is possible there should be national backstops in place to ensure recapitalisations or restructuring for these banks."
»
- 35591 reads
- Printer-friendly version
- Send to friend
- advertisements -
Why dintya just say, "Print, print, print. That's what's for dinner!"
"The G7 sees a need for a concerted effort at global level in support of strong, sustainable and balanced growth." = Inflation for the masses, tea and cakes for the elite. Key misleading word, "growth".
"We must all set out and implement ambitious and growth-friendly fiscal consolidation plans rooted within credible frameworks." = Bank buy-outs so we can hide the sausage. Key clue, "consolidation".
The collapse is already complete. Markets just havent played it out yet.
Even if they inject more liquidity, is there anyone left who believes it will work?
Collapse now or collapse later, what's the difference?
Position yourselves accordingly.
In the words of house Stark: Winter is Coming.
The "certainty" of a collapse is absolute, one does not fight gravity. Yes!
But it is strange to say that statement with the words: "The collapse is already complete. The Markets have not played it out yet."
It is IN that playing that the Wars, the Famines, the Dogs and Cats living together come about.
Those events playing out in Theater is the whole Point!
:)
It's appropriate that you used the word gravity, since it is the only force than cannot be stopped or interrupted by anything.
Geithner you commie!! From each according to his printing ability, to each according to his credit worthiness.
Twisted prick!
OT: Loaded up on silver again today. Phyzz... not the smoke and mirrors type. You can feel something big coming, yet it's all being downplayed like some additional "liquidity needs to be injected and the patient lives". Except, patient passed away 3 years ago, gov't morons.
It's going to cost them a lot more if they do "fix it" too; that's what all the cognitive dissonance is about. Does anyone remember what the famous "handwriting on the wall" actually said? I'll leave it to someone else to post it. It's classic; because it's exactly what the "leaders" will not see until it falls on their heads.
No it wont. When people dig up the ZH hard drives 200 years from now. They will say "this is a good one" Not because it has trace ammounts of silver or gold in the back plane. They will dig it up because the head of the IRS is a tax cheat and he does not really give a shit.
Then they will raster out the boot sector to find the letters k e y n e s. There are two rules of keynseanism
1. We are all going to die, so print money.
2. The only intellectual pursuit with any reward is avoiding taxes.
Timmay=Tyler.
Time for a reset if not a low-level format.
It is to late for me. (wisefool) But Ron Paul has consistently been saying "fine, you wont elect me because you think I am a wing bat But my ideas are young ideas."
There was supposedly some hub bub about Rick Perry using a mason handshake on our favorite sound money dude during the republican debate ...
Ron Paul/Herman Cain 2012. Sound money/simple tax code = free will.
Global Elites have seen these sovereign debt issues coming for a minimum of 15 years now. Do you really think a collapse is going to come when everyone MOST expects it? I’m assuming gold will be revalued and brought to its true value as a global sovereign asset and will instantly recapitalize all governments.
Global Elites have seen these sovereign debt issues coming for a minimum of 15 years now. Do you really think a collapse is going to come when everyone MOST expects it? I’m assuming gold will be revalued and brought to its true value as a global sovereign asset and will instantly recapitalize all governments.
EDIT: When I said Timmy=Tyler I meant the Tyler in the movie, giving the "two rules" speach. not our Tyler(s).
my post is still junk worthy, but hopefully not for that lack of original context/sarcasm. Look up what keynes really thought about money printing and taxation, and then you will understand what this administration and its seers (krugman) have made zero progress in the last 3 years. That, and it being Bush's fault.
“This is the writing that was inscribed: MENE, TEKEL, and PERES. These words mean:
MENE, God has numbered your kingdom and put an end to it;
TEKEL, you have been weighed on the scales and found wanting;
PERES, your kingdom has been divided and given to the Medes and Persians.”
http://www.usccb.org/bible/scripture.cfm?bk=34&ch=5
"Mene, mene, tekel, upharsin".
"You have been weighed, and found wanting."
trip sorry
triplicate sorry (iPad for sale)
More likely:
"You have been weighed and better go on a diet."
@ IQ 145
Sorry for late reply and apologize in advance in I tread on someone else's response, just getting through the comments...
Dan 5:25-28
MENE MENE TEKEL UPHARSIN
Essentially...
Numbered, numbered, weighed, divided
God numbered Belshazzar's days, weighed him and found him wanting, divided the kingdom and gave it to the Medes and Persians.
Danial stated the reason for the message was that Belshazzar did not give credit where credit was due, the King came to collect and he could not pay, therefore his kingdom and life were taken the night of the interpretation.
Interesting they had to bring in a foreigner before the king to interpret what all the in-house experts could not. That foreigner was a Jew in forced exile ordained by God to be in place for such a time at this.
Zadok
Perfect. Heeb mythology is definitely gonna be the secret that saves us all...
Zadok - good timing for this teaching. Others will mock and perhaps babble on about ancient wisdom being mythos but the day is coming, and could be sooner than we imagine, when they will give an answer for their mocking disbelief.
I personally am looking forward to when the dead rise from their graves. My friend Matt's gramma made really good cookies.
I'd pay $5 a dozen.
If I'm in hell at the time, I'll pay $10.
checkmate is imminent.......
God keeps seven billion balls in the air like it was child's play. And all we can do is whine about QE3 and margin calls.
The grandeur of God cannot be measured. We have somewhere near an estimated seven billion (give or take a billion) stars in our own Milky Way Galaxy with an unknown number of planets orbiting them. The Hubble did a deep space "stare" about seven years ago where they blew up one degree of space and then they counted the galaxies. They presented the findings that based on extrapolation, that there were estimated to be 250 BILLION GALAXIES. Jewels each and every one, set in the splendor of black space to be admired and marveled as they blaze from the fire of their individual suns. That alone is staggering; but then there are black holes, dark matter, expanding space, et. al. that keeps things interesting. Nemesis might be bringing the "shock and awe" later this year that our planet would prefer to avoid.
I don't disagree with your synopsis. The only thing one can know about God is that nothing can be known about him.
Are you sure that 'Nemesis' and his bag of tricks isn't already here?
(Of course, he's here. How could anything operate independent of God?)
... and he gives us a transparent atmosphere to see it all.
He was Judean.
I seriously doubt tax cheat Timmy even ran any numbers before he made that stupid statement. Just like his statement the US would never be downgraded.
These guys are playing a paper game that is completely divorced from economic reality. Goods and services are not increasing...the mark of true economic health and growth. They are all just moving debts around the European game board. Whoever holds them last gets burned.
Germanyl may be the economic battleship but it will sink too if all the little sinking ships tether to it. It cannot hold up all the PIIGS and I really don't know why it wants to. The losses will be even larger and transferred to their country with these stupid interventions. Let the morons fail and fall.
I get it now !!!!!!!
It's Operation Twisted Prick.
magnetics will..
and warp drive
Of course, I agree with you; oh Oracular One. But if one believes in the science of Von Mises; there is another force which cannot be stopped. "The Crack-up Bust after the Boom, cannot be avoided"; or to that effect. My photographic memory is a little foggy these days.
Mine has double exposure.
Epic may not be a strong enough term
Oracle of K.
please read up on Newton's Law or Eistein's Theory of Relativity, before you make such sweeping statements of Gravity.
there is NO force that can not be stopped or interrupted by anything, like an equal and opposite force for example wr;)
Modern physics describes gravitation using the general theory of relativity by Einstein, in which it is a consequence of the curvature of spacetime governing the motion of inertial objects. The simpler Newton's law of universal gravitation provides an accurate approximation for most physical situations.
Newton's laws of motion are three physical laws that form the basis for classical mechanics. They describe the relationship between the forces acting on a body and its motion due to those forces.
In general relativity, the gravitational force is a fictitious force due to the curvature of spacetime,
in fact, Gravity itself is one of the weakest Forces there is in this Universe and entirely depending on mass and relative distance, trajectory and velocity ;)
how else would we be able to escape the gravitational field and fly ? ;)
Gravity is not a force, but an effect of spacetime. To long to post all, but it's that E=M(CxC) stuff. All energy/ matter, is kinetic (moves thru spacetime).
Yep, manipulating the theater of the absurd is their entire raison d'être. It's ironic, but the ultimate game is nothing more than recognizing fear & greed - writ large - and playing the results accordingly.
For greed (read:hyper-inflation) to ascend primacy, it's takes energy, action & determination: printing, speeches, rallying the troops, etc. For fear (read:deflationary collapse) to win, all it takes is resignation; a final recognition that all things must pass.
So, sit back and place yourself in position of one of the Chosen: for thousands of years, they have watched the ebb & flow of human emotion drive regional & global markets. No need to invest in knowledge, technology, morality or any other activity that takes a modicum of effort.
Nope, simply sell the drug(s) that satisfy the ancient sins and watch the emotional state of the marks as they experience each degree of successive denouement. Will there be yet another (weak) rally geared towards marshalling the last stores of energy, or is capitulation near?
That's what the masters have studied, with their knowledge passed down throughout the ages. Wait & watch, but only stike when the death throes begin. Ever see a zebra's eyes glaze over as they realize the game is up? They too are ready to accept their fate as the lions' jaws snap shut.
Good I loaded AMZN PUTS at 3:58. Fuck that stock.
Great post! The must be a special place in h*ll for these guys, their evil is profound.
sschu
Don't forget Chaz Bono on Dancin' With The Stars.
Popo, a green, of course.
But the Canadiean dude may be a closet ZHer from the last sentebce of this quip:
CANADIAN FINANCE MINISTER JIM FLAHERTY
"I hope we would all agree we have to stay the course, that we have to go through the pain of fiscal consolidation. It's not easy, it creates stresses in some countries, but it's necessary, we have to get through this rough patch.
"There's no point kicking the can down the road. If we don't deal with it now we'll have to deal with it later and we know that these problems do not get better with the passage of time."
'----no point in kicking the can down the road.'
these guys will co-opt anything to make themselves feel good. They are in complete denial, so--------where's cog dis when we need him to deal with an acute psycho-crisis such as the one these dudes are in????????/
Nice post om
So-o--ooo!
Greece will be saved ...
Now has someone managed to hack into their private conversations and tell us how.
jal
The conversations between them are probably very irrelevant to what is going on in the real world.
Greece will be saved by giving money to the banks. The standard "solution" protecting the standard profits.
Greece will default and be kicked out of the EU. The ECB will monetize the bad PIIGS debt to save the EU banks. The German politicians cannot justify a bailout that allows Greece to stay in the EU
Lol - can't wait to read the latest but want to re-read the whole series before that.
"The man who passes the sentence, swings the sword." - Ned Stark
Collapse later means you have time to prepare now.
What are you waitin' for? An invitation?
Get busy!
True enough but its the manipulation that kills traders. These asshats use our future to vainly attempt securing their own failed asses today. The EUR has been artificially propped up long enough to cause real pain for so many fundamental traders. They do the same with EVERYTHING. The same brain dead useful idiots who love to ramble on against the 'evils' of free markets and capitalism are doing far more damage than either supposed beast ever could. It is the artificial that is killing us. It is the lie that is killing us. In trying to make life 'fair' they are destroying it.
You are correct, this is going to happen might as well have it happen at the time of your chosen.
As Stark did say in the Game of Thrones: Winter is Coming. And guess what, in the economies of the world they aren't truly ready for it.
Like Margaret Thatcher said "The problem with Socialism is that sooner or later you run out of other people's money". Guess what Greece?
The only real difference is measured in how much gold the central banks stack. Stack more and survive, stack less and control slips out of their hands. Therefore, more can kicking.
Cancer is a growth Rocks.
growth, bitchez.
Happiness is wanting what you have, not having what you want.
I've never understood the need to "grow" but I've learned that it is necessary if one wants to perpetuate the debt-driven system. That system is now dying. Bu-bye!
Rocky, you outlined nearly the entire systemic problem with that sentence. Agree, agree, agree.
You gots to have more than you can get to make it go.
That why it can go no mo.
Growth forever
http://www.salon.com/comics/opus/2008/03/23/opus/index.html
A Stoic raccoon?
Good on ya.
I never have understood it either which is why if I ever had a company, I wouldn't want it to go public (unless I was going to sell it and make a lot of money). Once you have shareholders, they want increased profits over everything (as is their wont) but what happened to a steady dividend over the years?
So that's where I went wrong as a child. My mom had kept me comapny and later in life I sold her. Never had any regrets. A few calls and letters demanding refunds, but no regrets.
Sorry about that.
"if you're not growing, you're dying!" - always disagreed w/that b.s., makes me crazy. I can agree with "if you're not changing/evolving/improving, you're dying" but not the whole bigger is better crap.
The only thing in nature that grows without inherent limits is cancer.
Is that really the model upon which we want to pattern our economy and our society?
To extend the metaphor: It always kills its host as well. Painfully, and with innocent members being cannibalized of their energies and functions. There ya have it.
When I was reading your post, a moth landed on my arm. Really. I gave it a puff of wind.
When you consider that the available pool of customers waxes and wanes, both in their numbers, and in their ability to shovel out money, bigger is better is shown for the idiocy that it is. For the good fo the company that is, not the CEOs who collect big bonuses from growth like that asshat Jack Welch who ruined GE.
Dude, u goin' all Zen on us? I've met playaz' who have, or have been in the zone of playaz:
http://www.abebooks.com/servlet/BookDetailsPL?bi=5056785792&searchurl=an...
Start here, it was Sam's PhD. thesus in (not Economics!) Chinese Studies at Oxford. Back when ..., well all y'all can investigate this Honorable American Hero, if you wish.
- Ned
(and you can find his book everywhere, but it is a) simple, b) complex beyond all understanding, and c) better than all other translation attempts}
{{ Sam was i) a Playa and b) had sufficient integrity to do the job, in many circumstances}}
{{{Americans might wish to look up/acquire his other books}}}
yeah well just because i want her really bad and she's mine doesn't mean i'm gettin' any tonight either.
http://www.youtube.com/watch?v=Ck1N1I-LzWc&feature=player_detailpage
I've never understood the need to "grow"
Thats why you're a tiny racoon, but a happy one ;-)
I wish just once that these assholes would say precisely what their vision of an endgame is.
Printing and bailing out to infinity can't possibly be it, even by the twisted logic of the central planners. They must think another bubble will come along to keep the gravy train running, a la Krugman circa 2002 calling for a housing bubble. Of course that's ridiculous, but they need to be pinned down on it. The theory of perpetual growth through excascerbation of the boom/bust cycle needs to be seriously debated on the global scale.
They got no other answer. There is nothing else they can do. They got one solution: print there way out. First it will be billions, then trillions, then quadrillions, then quintillions, up to centillions, bitches!
they'll give you all the fancy pants, phd reasons you need to believe them, but this is the end game. Prepare accordingly!
A government scorpion asks a citizen frog to carry him (and his printing press) across an (inflating) financial river. The frog says "No, if I do that you will start wildly printing money in the middle of the river, and kill my savings and standard of living." The scorpion says "Do not worry, I would never do that, or I would thereby fiscally drown as well." The citizen frog reluctantly agrees to carry the government scorpion across, only to promptly have the government scorpion fire up his printing press in the middle of the river. "Why did you do that?", asked the citizen frog, as they both began to sink, "now you have doomed us both". To which the government scorpion replied "I could not help it --- it is my nature."
akak, I see that you, too, are afflicted with the "pussy, junksa' attraction" disease. Why, this is a well known arab parable of "couldn't help myself" situation. How could anyone junk that???
- Ned
After the anti-gold trolls fled the site earlier this year, having utterly and completely discredited themselves, the deflationary trolls are now coming out of the woodwork to pick up the pro-Establishment propaganda baton. I suspect that my junking here is from one of them.
Bob is playing the anti-PM troll again as well.
As if anyone cared.
"Bob"?
Could I have missed one?
You're not talking about TexasGunslinger/LongJuanSilver/RedneckRepugnicant/WilliamtheBastard, are you?
Funny that that one seems to have finally flown the coop.
Right and wrong. There is nothing they can do to fix THIS system, but they are completely in control to set up a new system. They are not going to commit suicide and let us free. It will never happen. They know there is no way to pay off these debts. Once you reach that point, it doesn't matter how much debt is racked up to kick the can. The one long term action they are taking is buying gold. That's their answer. Either you have gold or you have nothing under the system that is coming.
Smiddywesson @ Sat, 09/10/2011 - 09:55 |
I am amazed that some of the folks here (esp here) do not get it.
Thinking they are trying to save this system is NOT the agenda.
Making it unbearable is the goal, till nearly ALL BEG for a new one is.
The end game is printing and bailing out for as long as possible to give the elites more time to steal and take control of as much as possible. He who controls the assets after the reset wins.
...and the elites that are hanged from lampposts lose. Thus is balance restored.
Long strong stout ropes.
He who controls the asset by which all other assets are valued wins, gold!
There, fixed it.
Their vision for the endgame is desperate people manning their war machines, putting on Haz-Mat suits and rushing the lines of the other desperate groups of people. Clubbing eachother to death for a scrap of paper nothing and holding the meaningless trophy high overhead to the growls and grunts of their fellows. Brutes, heroes, sheep warriors! Yarrrrrr!
Pined down? How can they be pinned down? They only talk to one another. When glimpsed in public, they are between some location's front door and the open door to the waiting Limo.
Actually, I was thinking 'strung up' instead of 'pinned down'.
Derivatives fuse is just starting the exponential burn
What else can you do other than print money when you have a 600 trillion dollar derivative hoie to fill?
I read somewhere a couple of years ago that if you calculated the entire worth of the world and sold it to aliens it would only come out to 400 trillion.
The debt hole to be filled by printing fiat is not only huge, it's cosmic.
Would they try and fob us off with some extra-terrestrial fiat paper money? I don't reckon we should take their first offer, even if it is shiny beads or something!
Shiny beads of Di-lithium Crystals would at least solve Peak Cheap Energy.
"SULU ! Let's boldly go find some hot, green alien chicks and....er...sorry...forgot you're gay."
Kirk
They may have been looking for hot, green aliens ... but necessarily chicks.
Wikipedia: "Roddenberry often humorously referred to Captain Kirk as "Horatio Hornblower in Space"."
Res ipsa loquitor.
Don't we have a 12% interest in the Sun? That should be worth something to the Alien corporate raiders.
They can ease and print all they want. It won't matter. It will push on the string.
There is insufficient oil and nothing can be done about that -- except reduce population rapidly.
But another thing . . . does anyone remember a time when there was this kind of panic from central bankers and politicians at any other point in history with GDP growth of 1%? Did anyone ever panic prior to year 2000 over 1% growth?
Answer: No. 1% is not disastrous in and of itself. But when the system is configured to break down (pension funds MUST have +8% markets each year minimum to make their payments) at less than 8+% S&P, it's disastrous, and panic is required.
Exactly. I cannot remember a time in the markets when there was so much "intervention" day-to-day, hour-to-hour.
no, no; definetely not. not in the last forty years. The Euro was a joke to begin with; but it will cause a huge "Tidal wave" of human psychological reaction when it goes "Pop"; (as in bubble gum); or simply "hisssss"; either one.
Don't underestimate panic from Ron Paul doing well in a poll. A new independent poll today and he is even with Romney ahead of Perry.
If anything happens to him, there will be major unrest and civil problems, he becomes the martyr, so they better not try it.
I LOVE Ron Paul as he is the only one uniquely qualified to start getting us out of this mess - He won't fully get us back on track even if he serves two terms, but he will put us on the right path. But as a gold/silver owner, I have to wonder if his getting elected will be good for PMs or bad for PMs. My thinking is that it'll be bearish for PMs if he's elected President because as long as he wants to put in a sound monetary policy, he has to make sure that gold and silver prices are within everyone's reach. Or at least as many people as possible. Am I wrong?
"Bearish for PMs," sure.
But, what the fuck do you want? Personally, I'd be thrilled to return to a US that is the innovative powerhouse of the world, where hard work and due dilligence lead to success, and silver costs $1/oz- not because I want my silver to be "worthless," but because I want the "full faith and credit" of the United States to mean something more than a sick joke again.
We all stand to gain far more by having a strong and stable system where anyone who is willing to work can thrive, than any one of us stands to gain from having a pile of shiny metal, and that is the whole point.
Anyone buying PMs as a hedge, and not a trade, should be praying that the investment tanks. Right now, I could lie, cheat and steal to gain as much gold as I can, but no matter how much I might gain in nominal terms, my standard of living would decrease. I would far rather be a basic citizen in the US than be a king in a new dark age.
And it's important to bear in mind that the "gold standard" is the one that matters, not the dollar standard. How can you really care what number is applied to your Ozs? Whether that number goes up or down, you're still going to get what you always got when you trade that shiny metal in.
Really...Whstlblwr ?
Who gives a shit about that useless blow hard who named his kid after that pyschopathic, serial killer admiring bitch Ayn Rand?
The rest of the herd will temporarily look up from grazing on American Idol and Chaz Bono on Dancing With The Stars to see the Jack Boots stomp the shit out of you all and then go back to grazing with a shrug and a "Well, it sucks to be them. They shouldn't have rioted....terrorist, Ayn Rand loving freaks !"
Oh...and don't get me started on Ayn Rand. Became obseesed with her in the 6th grade after wondering why my new favortie band at the time...Rush....and their drummer Neil Peart....had dedicated the album 2112 to her in 1976. Wrote numerous term papers and essays on her in high school and college. Read all her books.
Simply put...Ayn Rand was so traumatized by her experience in Bolshevik Russia and so helpless and contolled by the circumstances that she conflated her desire for relief from that situation and her desire for control into a pseudo-intellecual philosophy and a worldwide movement (cult) called Objectivism.
In fact...she was such a psychopath, that she modeled her vision of the Nietzschian "Superman" after William Edward Hickman, a serial killer in the 1920's who after already murdering and cutting in half a 12 year old girl, convinced her father that if he paid the ransom he would return his daughter to him unharmed. The father agreed. Only to find out to his horror when Hickman dumped the girl's bisected body that Hickman had already killer her, stuffed her abdominal cavity with a towel, propped her up in the car and sowed her eyelids opened to make it seem she was awake and alive as he drove through town to the drop off point. All the while throwing out other body parts along the way.
Granted...Rand did not look at his actions as good and noble....but she wrote numerous things in her journals about that most admirable quality that drove Hickman's psychosis....his absolute, unflinching rational egoism.
One psychotic admiring another. Birds of a feather.
So here we are in America, surround by psychotics like you who believe there will be "major unrest and civil problems" when the psychotic Ron Paul is taken out by an equally psychotic fascist government ruled by psychotic collectivists and psychotic Randian banksters.
Yeah....right. That's a recipe for success. LOL !
Thank you for sharing.
What did we miss if you had got started on Ayn Rand? Catch us up next time, will you?
Thanks again.
Nothing you could handle....
like the truth.
Are you trying to tell me AR was worse than Pam Geller? You can water board me and I won't agree with you.
WTF is a Pam Geller...was my first thought.
I don't follow the Tea Party news cycle of Fox News or birther blogging nonsense anyway so I had to look up who this idiot was.
While I agree with some of her sentiment that Islam should be stood up to and big pressure applied to its more intellectual, moderate stream to vocally and even forciably confront the radical arm.....a Protestant Reformation if you will....the rest of her useless bleating is comical.
Oh....and her love of Ayn Rand and her proclamation that she was the greatest philosopher in human history shows that Geller is just as pyschotic and mentally disturbed as Rand. She shows the classic signs of someone who lives with the pain of pathological helplessness so she gloms on to an idea that everyone should look out for number one and screw others in the process if need be. For it is better to do that than to be a victim.
Waterboard you if you disagree?
I have to generate a shit-ton of care to even attempt the thought of it.
And I just don't care.
Didn't mean anything unpleasant. I noticed your comments recently and they coincided with mine. That's all. Sorry.
If I were Ron Paul, I wouldn't let any females near me without witnesses. DSK learned that lesson. They won't kill Ron Paul, they will try to disgrace him and marginalize his message.
His message?
Really?
His message is nothing original. It has been the dream of every human being that has ever lived to be free.
The only ones to attain it are the elites who, in Randian fashion, screwed over in total self-serving, rational egoism the other dumb-shits who let them.
The only problem in history with that is that those elites then used force to keep the other sheep from obtaining freedom themselves.
But what is worse is now we have the illusion of the opportunity of freedom through representative republcanism and capitalism. The illusion is maintained by the very members of the fascist regime made up a a willing collective of capitalists and government officials who preach freedom (which is never defined and means something different to everyone), and promote such propaganda as...."Home ownership is the American Dream...the American Dream is Entrepeneurism, GROW, GROW, GROW, BUY BUY BUY !!!" without regard to the drain on resources or the material costs to the earth, and the men and women engaged on both ends of the consumption equation.
We fought off tyranny of the one over 200 years ago to replace it with the tyranny of 100,000's worldwide in the halls of financial and political power.
Ron Paul's message was marginalized to nothingness LONG before any conspiatorial wet dream of yours came along.
Thank you, sir. Finally, a dose of reality.
Our friends here have bought the explanation which the world government has offered them.
It's "bait and switch" pure and simple.
The cheap "bait" is that there's too much debt, to much QE money and too low interest rates. Intimidating, but eventually curable.
The "switch" is that we have less oil every day. That's the costly contemplation that no one wants to consider. That they're compelled to deny.
So it's Bernanke this, Geithner that, and hang Jeff Obama from a sour apple tree.
While all those three are doing is trying to prevent a panic only seen acted out by movie extras in Hollywood.
What gets me the most is that they are so willing to believe that financial lies are flying out of Wall Street and Washington,
But they blindly accept all the numbers and figures that come out of the Department of Energy and the Oil Patch.
that pension funds is an excellent example and if i may add another point, now that those long-end treasuries are yileding around 3%, the liability side of those said pensions have at least tripled that even a platy "18%" return would not cut it for the very "under-funded" pensions. So, watch corporate America's pension liabilities and ask yourself, do you really want to own those stocks???
I forgot the actual statistic for the number of $2000 call options on Gold Dec. that have been sold; but it made my dentures fall out when I read it. This kind of news is not likely to be overlooked by the precious metals markets. I mean, the kind in the post; I think we already see a reaction to it. Are you familiar with the Marco Polo story? Supposedly he traveled to China and came back and told the Italians that the Great Khan had a wonderful new invention called paper currency, "with which he could buy everything in China"; what Marco didn't know was that a couple of years later the whole thing had blown up. A lot of Eastern people have "anti paper DNA"; they're the descendants of the survivors, of course.
+PAGE
http://www.panasiagoldexchange.com/List.asp?L-2842749587.Html
This is a bit offtopic, but it is part of the nonboring weekend:
Egyptians enter Israeli embassy;
http://www.spiegel.de/politik/ausland/0,1518,785474,00.html
http://edition.cnn.com/2011/WORLD/meast/09/09/egypt.protests/
Turkey expelled the Israeli ambassador and is signing a military agreement with Egypt.
Meanwhile Turkey is expanding their naval presence everywhere. They are getting quite agressive. Even Russia is un-amused. Greece is scared, and Cyprus is terrified.
Not boring at all.
Seems Turkey is starting to dream Ottoman dreams. Strange new alliances forming now that the Pax Americana is coming to an end.
RFk:
... or one might say, "be managed toward some direction..."
- Ned
Don't worry, Lieberman says that Israel will arm the Krurdish rebels and side with the Armenians in the U.S. Congress.
You don't survive for 4000 years, because you don't know when to shut up.
RF, good points. Turkey has been chafing under the Israhelli "partnership" too long.
This is the long prophesised "encirclement" of israel by it' s"enemies".
Obviously the poweder is being dried. I wonder if the geopolitical situation will trigger the geo-financial mess implosion or vice-versa.
Either way, same result, war. It's a'coming.
V
Signs
Turkey controls the waters of the Euphrates and Tigris...the plains of Mesopotamia are theirs in case of drought, as its oil fields...
Yes FDR's memorable handshake with the Sauds is now looking shakier and shakier...No El Awrence on the horizon...to turn the tide.
We are lemmings, and it is just time to kill. Everyone looks for a rational explanation for history, but that's the only one that explains it all. That is the lesson of history.
Lemmings have no switch that turns off breeding until all the food is gone.
Their suicide run is triggered by a depletion of resources.
"A Crock, a crock! My kingdom is a crock"
-apologies to Shakespeare, Richard III
BEST PHRASE:
"Bank buy-outs so we can hide the sausage."
Thank you. I figured that rolled off the tongue a bit better than, "....play hide the salami." The mental image was just not the same.
I'VE MISSED YOU ROCKY!
Or, as the old country song goes... "How can I miss you when you won't go away?"
Someone just call my name?
The only place the banks are hiding the sausage is in our collective asses.
They better be wearing love gloves.
911 weekend Pics...
http://markettechnicals-jonak.blogspot.com/
My Zombie stands ready to provide support to the heroes of glorious G7.
Put your Zombie back in your pants until the drugs get here.
anyway if you're not a real american, it's probably not a real zombie.
it's probably a tea partier without any makeup.
Oh, my--that was embarrassing...
Yes, indica of pure desparation as evidenced by four of the nine major delusions:
Delusion of Graneur (As in Overinflated self worth/esteem, false pride... Genrally to compensate for an inferiority or insecurity complex)
Delusion of Persecution (As in Victimization, never being of one's own fault, not under control. Is in direct conflict as per psychological quality of cognitive dissonance with d. of Grandeur)
Delusion of Reference (As in the need to be center of power, failure of which untimately manidfests itself in exterme Paranoia. Generally associated with guilt of inability to preform/subconcious self awareness of such manifesting in hypocritical qualities. Worried of being "called" upon falsehoods)
Delusion of Influence (As in belief that one can control others thoughts and actions or alternatively under such and thus in coflict with Grandeur and reinforcing others. Love of Power for Power sake as in vision of self-worth, overinflated, false)
Now, there are 9 major categories of delusions as assigned to social substructures/subcultures. The greatest number any such group(s) has aggregated is four; those listed above. Which has been identified only with Alcohol Psychosis and Paranoid Schizophrenics.
Presented with no further comments.
Id like to see CBs providing liquidity in the CDS market and get those nasty spreads down.
Granted, theyre so clueless theyd probably be bidding them up just like in sovs thinking thats the correct way to go.
Sigh.
Non-Boring Bitchez!
What time is the funeral?.........should we bring a dish to pass?............
I think we have to sit shivah first?
i'm providing amber liquidity to this scotch glass
Me too. Oban makes it better.
Dalwhinnie for me tonight.
Being a redneck, I'm sticking to the Wild Turkey 101 bourbon
Good stuff.
I'm with you on the precious amber assets. To my European bretheren, "those about to die, I salute you".
All of my liquidity goes into my bong.
The organization for the prevention of harm to the Status Quo ...
Status Quo: Status Woe
status quo in times of woes for naked emperors who love to kick the can in their panick stricken throes. "Out, out, damned debt spot..." Is she the Mad queen of Merkelistan and he the naked king of Sharkfinsoup land? What says Merlin of Brocéliande head shrink of Europa Bank?
http://www.youtube.com/watch?v=e7H-63vMo9A
Pumping money at failures to stabilise the market is absolutely the most anti-capitalist thing imaginable: for capitalism to work, good ideas must be rewarded, and bad ideas, risky and fragile systems must break. For far too long bad decisions, bad management and dangerous corporate behaviour has been rewarded with taxpayer bailouts, crony capitalism, and subsidies. And quite simply, until those practices are rewarded with utter abject failure we are totally fucked.
Bottom line: Don't print, markets crash. Print, markets levitate for a while and crash either when China floats the yuan, and/or when Germany says "fuck this bailout shit"
http://azizonomics.com/2011/09/09/is-greece-about-to-default/
For capitalism to work, all remnants of the failed socialist experiment must be burned to ashes and never allowed to regenerate.
For socialism to work, all remnants of the failed capitalist experiment must be burned to ashes and never allowed to regenerate.
I say print, buy time, and have many double doubles at In "n Out Burger.
"flexibilization" ?
Should that not be flexi-BILLIONIZATION?
umm, its "strained" English.
This G7 statement is contradictory and makes no sense: "...notably through the flexibilization of the EFSF, reaffirming their inflexible determination to honor fully their own individual sovereign signatures and their commitments to sustainable fiscal conditions and structure reforms."
"Inflexible" is the opposite of "flexibilization". To make sense, the statement should say, either 1) "...the flexibilization of the EFSF, reaffirming their flexible determination to honor fully...", or 2)"...the inflexibilization of the EFSF, reaffirming their inflexible determination to honor fully...".
Orwell...George Orwell... paging George Orwell.
It tries really hard to make sense - the rhetorical device used could be just a mistake, or intended(dont call George just yet). The flexibilization of the EFSF alludes to how it has evolved, and can still (and will) evolve. While the “inflexibility” of the determination of sovereigns is, in my opinion, a poor attempt to paint the bailers in some disciplinarian light(where, if they really were fiscally conservative, none of this would be considered). Its seems like poor spin, an absurd statement when you think about it, and it gets the piss-poor English award of the year. If they had of left the word “inflexible” out of the later sentence it would have made perfect sense; but then again, it would have blatantly asserted that Germany will bend until it can bend no more(hence my suspicion that its attempted spin).