Here Comes The Non-Boring Weekend: G7 Says "Central Banks Ready To Provide Liquidity As Required"

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Sun, 09/11/2011 - 10:55 | 1656042 Jumbotron
Jumbotron's picture

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.

Sun, 09/11/2011 - 18:03 | 1657493 bid the soldier...
bid the soldiers shoot's picture

Didn't mean anything unpleasant. I noticed your comments recently and they coincided with mine. That's all. Sorry.

Sat, 09/10/2011 - 10:02 | 1654250 Smiddywesson
Smiddywesson's picture

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.

Sat, 09/10/2011 - 11:48 | 1654426 Jumbotron
Jumbotron's picture

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.

Fri, 09/09/2011 - 20:31 | 1653037 bid the soldier...
bid the soldiers shoot's picture

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.

Fri, 09/09/2011 - 20:44 | 1653071 ShoeShineBoy
ShoeShineBoy's picture

 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???

Fri, 09/09/2011 - 19:43 | 1652938 IQ 145
IQ 145's picture

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.

Fri, 09/09/2011 - 20:33 | 1653043 PY-129-20
PY-129-20's picture

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/

Fri, 09/09/2011 - 21:15 | 1653144 Rodent Freikorps
Rodent Freikorps's picture

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.

Fri, 09/09/2011 - 21:48 | 1653229 New_Meat
New_Meat's picture

RFk:

"... now that the Pax Americana is coming to an end."

... or one might say, "be managed toward some direction..."

- Ned

Fri, 09/09/2011 - 22:26 | 1653318 bid the soldier...
bid the soldiers shoot's picture

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.

Fri, 09/09/2011 - 22:52 | 1653392 Oh regional Indian
Oh regional Indian's picture

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

Sat, 09/10/2011 - 04:48 | 1653963 falak pema
falak pema's picture

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.

Sat, 09/10/2011 - 10:08 | 1654257 Smiddywesson
Smiddywesson's picture

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.

Sat, 09/10/2011 - 10:57 | 1654323 Rodent Freikorps
Rodent Freikorps's picture

Lemmings have no switch that turns off breeding until all the food is gone.

Their suicide run is triggered by a depletion of resources.

Fri, 09/09/2011 - 20:36 | 1653048 knukles
knukles's picture

"A Crock, a crock!  My kingdom is a crock"
    -apologies to Shakespeare, Richard III

Fri, 09/09/2011 - 20:50 | 1653090 barliman
barliman's picture

BEST PHRASE:

"Bank buy-outs so we can hide the sausage."

Fri, 09/09/2011 - 21:37 | 1653205 RockyRacoon
RockyRacoon's picture

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.

Fri, 09/09/2011 - 22:39 | 1653357 Miss anthrope
Miss anthrope's picture

I'VE MISSED YOU ROCKY!

Sat, 09/10/2011 - 01:24 | 1653763 RockyRacoon
RockyRacoon's picture

Or, as the old country song goes... "How can I miss you when you won't go away?"

Fri, 09/09/2011 - 22:17 | 1653299 Sgt.Sausage
Sgt.Sausage's picture

Someone just call my name?

 

Fri, 09/09/2011 - 23:13 | 1653443 Jumbotron
Jumbotron's picture

The only place the banks are hiding the sausage is in our collective asses.

Sat, 09/10/2011 - 20:36 | 1655424 bid the soldier...
bid the soldiers shoot's picture

They better be wearing love gloves.

Sat, 09/10/2011 - 07:43 | 1654090 Tense INDIAN
Fri, 09/09/2011 - 18:08 | 1652644 NOTaREALmerican
NOTaREALmerican's picture

My Zombie stands ready to provide support to the heroes of glorious G7. 

Fri, 09/09/2011 - 22:12 | 1653247 bid the soldier...
bid the soldiers shoot's picture

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.

Fri, 09/09/2011 - 18:10 | 1652648 Gordon Freeman
Gordon Freeman's picture

Oh, my--that was embarrassing...

Fri, 09/09/2011 - 20:26 | 1653026 knukles
knukles's picture

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.

Fri, 09/09/2011 - 18:10 | 1652649 ZeroPower
ZeroPower's picture

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.

Fri, 09/09/2011 - 18:11 | 1652651 maxmad
maxmad's picture

Non-Boring Bitchez!

Fri, 09/09/2011 - 18:11 | 1652653 dick cheneys ghost
dick cheneys ghost's picture

What time is the funeral?.........should we bring a dish to pass?............

Fri, 09/09/2011 - 18:28 | 1652717 andybev01
andybev01's picture

I think we have to sit shivah first?

Fri, 09/09/2011 - 18:11 | 1652654 caerus
caerus's picture

i'm providing amber liquidity to this scotch glass

Fri, 09/09/2011 - 18:15 | 1652662 Poule Mouillee
Poule Mouillee's picture

Me too.  Oban makes it better.

Fri, 09/09/2011 - 19:32 | 1652915 fuu
fuu's picture

Dalwhinnie for me tonight.

Fri, 09/09/2011 - 19:58 | 1652972 JohnG
JohnG's picture

Being a redneck, I'm sticking to the Wild Turkey 101 bourbon

Good stuff.

Fri, 09/09/2011 - 19:42 | 1652937 Arrowhead
Arrowhead's picture

I'm with you on the precious amber assets. To my European bretheren, "those about to die, I salute you".

Fri, 09/09/2011 - 21:52 | 1653244 Troll Magnet
Troll Magnet's picture

All of my liquidity goes into my bong.  

Fri, 09/09/2011 - 18:13 | 1652657 Pancho Villa
Pancho Villa's picture

The organization for the prevention of harm to the Status Quo ...

Status Quo: Status Woe

Fri, 09/09/2011 - 19:03 | 1652830 falak pema
falak pema's picture

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?

Fri, 09/09/2011 - 18:13 | 1652659 spiral_eyes
spiral_eyes's picture

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/

 

Fri, 09/09/2011 - 19:56 | 1652966 mayhem_korner
mayhem_korner's picture

For capitalism to work, all remnants of the failed socialist experiment must be burned to ashes and never allowed to regenerate.

Sat, 09/10/2011 - 10:42 | 1654307 Dyler Turden II Esq
Dyler Turden II Esq's picture

For socialism to work, all remnants of the failed capitalist experiment must be burned to ashes and never allowed to regenerate.

 

Fri, 09/09/2011 - 21:49 | 1653233 bid the soldier...
bid the soldiers shoot's picture

I say print, buy time, and have many double doubles at In "n Out Burger.

Fri, 09/09/2011 - 18:16 | 1652666 XRAYD
XRAYD's picture

"flexibilization"  ?

 

Should that not be flexi-BILLIONIZATION?

Fri, 09/09/2011 - 18:32 | 1652733 scratch_and_sniff
scratch_and_sniff's picture

umm, its "strained" English.

Fri, 09/09/2011 - 20:16 | 1652971 tom a taxpayer
tom a taxpayer's picture

 

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.

 

Fri, 09/09/2011 - 20:53 | 1653094 scratch_and_sniff
scratch_and_sniff's picture

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).

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