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G7 Preparing Statement To Support Dollar, EU, In Fact Everything That Would Otherwise Collapse Tomorrow, Before Asia Open
Just out from Bloomberg: Finance ministers and central bankers are preparing a statement to release before the open of Asian markets, the Nikkei newspaper reported, without citing anyone. Japan may intervene in currency market if dollar falls. G-7 finance ministers, central bankers expected to express confidence in dollar, pledge liquidity. U.S. to explain fiscal rebuilding efforts." [so no more sniping at S&P and actually doing its job eh?] "Japan to express intention to maintain Treasury holdings. G-7 expected to show support for EU fiscal efforts." And while the G7 is about to realize that when faced with a $100 trillion (equities plus debt) market onslaught its printing powers are next to laughable, Dow Jones reports that the "ECB is weighing Italian, Spanish bond buying on a massive scale." Two take homes: i) the Fed has just lost its competitive advantage of doing idiotic things on a massive scale as the world wake up to tits trickery (unless of course the Fed resumes said thing on a massiver scale, which it will), and ii) tomorrow is the day when the infinite force of central planning meets the immovable object of capital markets. We will find out who blinks first in a few hours.
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tits trickery. lulz
All of this drama from a ratings agency that scores BofA equity 5 out of 5 stars, as its collapsed ~50% in 6 months, and headed toward zero?
All of this drama from a ratings agency that MISSED THE ENTIRE FINANCIAL COLLAPSE, and had buy recommendations on companies while they went bankrupt?
LOL
I'm not defending the US dollar or US policy makers, but the S&P is a joke. With this recent downgrade, the S&P is merely riding the coattails of popular opinion, looking to re-establish some sort of relevency as it continues to prove its utter worthlessness.
So you are saying that Moody's and Fitch, which also missed the subprime catastrophe, are more accurate?
Or are you just so stupid and biased that you can't see that their bias is to the upside on both MBS and US debt?
WTF?
Can you point to the part of my post where I made reference to Moodys and Fitch, let alone mentioned they were more accurate?
Your post is completely ridiculous.
You are implying that you think that the US is still a AAA credit risk, which is where Moody's and Fitch put it.
I would argue that your post is ridiculous, as are all your posts, opinions, and attacks. Indeed, I don't know why you stick around. You should be out hanging around with the rest of the normalcy bias addled sheep shopping for iPads.
T,
While i wouldnt bring up anything about either the other 2 agencies, or those old MBS ratings into the current discussion, i stand wth the few who do agree the rating downgrade was ridiculous and unnecessary.
Yes, we know the debt situation is totally unsustainable and solving the debt limit crisis by increasing the debt limit is not at all a solution, but you have to look past the explicit action which was the actual downgrade on friday and ask, why? S&P just wanted to pretend like theyre ahead of the curve in this. We know for a fact they never were, and probably never will be (in this case, its a game of politics - something which has been much discussed before).
We'll see how the S&P reacts to any outstanding EU countries that arent still at their proper levels on the rung. Anectodally, last friday on the credt side there was some flow coming into LatAm CDSs (long risk) merely due to the fact that some of those countries now trade at tighter spreads than 'staple' European ones! Whether or not CDS spreads frontrun ratings down/upgrades is another story, but we shall on keep our eyes on this in the coming important weeks.
What the fuck is going on here? Did the community of ZH go full retard while I have been too busy to comment actively the last several weeks?
THE POINT OF RATINGS AGENCIES IS TO APPROPRIATELY RATE DEBT. Currently, US debt is literally can not be repaid. This is the antithesis of the AAA rating. It should be junk, MAYBE a bit above.
Also funny that the only posts being modded in this thread in bulk are mine and these trolls. I outed "Libertarians for Progress" (along with his numerous other incarnations) as having access to some form of protools which record any and all changes to posts, as he jumped all over a post that I modified within 5 seconds of posting it an hour after I did that a while back. It looks like he's up to his old tricks, and has registered numerous fake accounts which he is using to upvote himself and the other trolls, and downvote anyone who says anything against him.
What a fucking joke. Some people have too much spare time on their hands.
Are you guys 10 years old??
Would that be great or what? Just heading into our prime grope and gulp years. Oh to do it all over again.
10 years old and apparently RIGHT, because no sooner did I point it out than the up/down votes were disabled. I would guess that they looked at the IP addresses and noticed they all came from the same one, or from the same block, or from TOR exit nodes or some such.
For my next highly insightful prediction, I predict a Slashdot-style karma system will be implemented such that these fools won't be able to manipulate the moderation any more.
But since that is a pain in the ass, I wouldn't expect it for a couple of months at least, especially with all these server meltdowns they have been having.
S&P has made it explicit the emperor has no clothes. We've known it all along, but Joe the Six-pack drinker, has not. Now, maybe, JSP is slowly raising his unshaven face to the light, saying, "Huh?" This, the politicians do not want.
Why S&P has decided to do this is not important, at least, not important to me.
Hope you're feeling better soon, tmosley...
Personally attacking people for having different opinions ,
is..well sad..There is already enough of that in the world..
Be safe n well all..
Yes, but we know of the ratings agencies as always being behind the curve, hence the mockery most people associate towards the agencies. If rating agencies truly were the appropriate risk assessors, the market would wait for THEM to initiate a downgrade (or up) and then move in-line to either decreasing the price of their bonds, a widening of the entities CDS, etc etc basically any means necessary to say 'we believe the rating agency does their job, and thus the market trades on this a posteriori.
But, looking at what was happening in Greek CDS ever since over a week ago, taking a look at what is happening in the periphery+belgium+France the past few weeks, one can determine unfortunately the rating agencies clearly not only as beneficial as one would hope, but basically have little to say in the grand scheme of things.
Note that Moodys will likely never ever downgrade the US, since the Omaha is their Boss. And yet again we see a conflict of interest which is quite prevalent at Moodys, and surely exists somewhere inside S&P as well.
Is it important who or what took action to get the attention span focused on this problem?
Yes the rating agencies have a poor track record and have a lot of work to do to gain credibility. Let us hope that credibility is what they want and actually evolve and become an unbiased third party "watch dog" as they were meant to be. Will the other agencies now follow S&P? Will the Congress return and get to work to fix the mess? What will the ratings be next week for Jersey Shore?
CONgress will probably return in order to be protected by the DC Mili/Pol resources, but get to work. That was a good one.
LMFAO
I start to look only at Datong ratings... For tomorrow, the FED will come in tobuy T-bonds and than the USD will take it on it's chin! My bet!
Not sure, but think he is implying that the US should have been downgraded years ago.
All I know is that a lot of vacations to the Hamptons probably got cancelled.
you stupid dipshit, at no point did he say ANYTHING about the US's deserved credit rating, NOR about other raters.
What he DID SAY was that SP is stupid and useless and only did this downgrade as a political statement to try to rehab their reputation.
Maybe you just can't fucking read?
Oh look, it's Trav the Lonely here to take advantage of any quasi opportunity to try to tear down the man who has proven to be better in every conceivable metric than himself. Imagine that.
Here, he proves that he is neither capable of remembering past conversations, NOR reading between the lines. It is further implied that he doesn't understand the motivations of ANY party involved in any conversation he butts his big fat nose into.
You should have been calling them stupid and useless prior to this latest edict. At least for once, this time, they made the right call. This makes them at least a notch better than the other two clusterfrig rating houses.
I love fight club! Ooops...forgot....never talk about f.c.......
@tmosley
I suggest you look up the word "tact" and try using the concept in your posts.
http://dictionary.reference.com/browse/tact
Right, this coming from the jackass troll Brian OFlanagan. Go fuck yourself, no-one is interested in anything you have to say. How's that for tact?
Could still use a little work. LMFAO
Ha...
indeed, just a little.
Though their previous incompetence is obvious, as far as I can tell the section of the Donk financial reform that actually makes ratings agencies liable for farcical ratings is still written into the law even though the SEC has publicly stated that they wont enforce it.
They have to be more realistic now, though the toothless regulators wont do anything I suspect they rightly fear a school of sharks with JD's tucked under their fins.
we like tits trickery. i just posted some here about a week ago. it fell under the title "why Americans will actually celebrate a Double D rating when it comes."
http://www.youtube.com/watch?v=ol_aamH2mHM&feature=player_detailpage
just in case you forgot.
Some typos are more equal than others
Thats what she said(does).
If they REALLY want to defend the dollar, then at a minimum it means no more QE3 and it means a raise in SHORT term interest rates to attract capital to US shores. If the Fed will not do it, China and Japan simply have to dump their holdings and long rates will rise. In fact neither wants to yell dump but if you were to yell "dump" (panic), you have to be sure that you are near the exit.
Bank Run! Bitchezzzzz better make a full ATM withdrawal ASAP
Chill. The masses are not in the least concerned about the downgrad or what the markets might or might do tomorrow; for, whatever it is the markets do tomorrow, they are likely to do the exact opposite the day after.
Here's why:
If the Internet and ZH, not necessarily in that order, had been in existence in 1971, when Nixon yanked the gold out from under the $$$, the hue and the cry of collapse would have been as loud or louder than it currently is; and that for good reason. Turning the $$$ into a fiat currency was a massively deceptive thing to have done; yet, the financial system did not collapse and Americans who were as gun loving then as they are now, did not need to kill themselves or each other with their guns at any greater (or lesser) rate than they otherwise would have done anyway.
So, once again,
CHILL!
After subjecting myself to watching CNN for a little while yesterday, I think the "masses" will be worried about the interest rates on their maxed out credit cards. Personally, I wouldn't mind a few basis points on my money market account.
You have some cash in a money market account? That's hilarious. What's your rate? 1.5% LOL.
Should have just´bought gold, man. Best savings account.
> ... when Nixon yanked the gold out from under the $$$ ...
Please, that was only "temporary" :-)
Don't say temporary, today's NEWSPEAK word is "transitory". Gentle Ben said that. He is a closet bear from an old TV show and currently in charge of the FED.
Imagine how great things would be if competent people were making fiscal nad financial policy. There's hope!
Don't say temporary, today's NEWSPEAK word is "transitory". Gentle Ben said that. He is a closet bear from an old TV show and currently in charge of the FED.
Imagine how great things would be if competent people were making fiscal and financial policy. There's hope!
I cahsed out 80% of my bank account saturday morning. All the teenybopper banker girls were all wondering wtf I was gonna do with so much cash. I was suprised to hear that there wasnt an uptick in withdrawls that AM.
Oh boy. Can you not just chill? A bank run is unlikely unless and until there is no gas at your local Exxon/Chevron/Amoco/Citgo/etctero station; and, at the same time, nothing on the shelves at WalMart.
That situation is not imminent, as joe6 sees it, thus, no need to panic.
Chill
The last time I pulled a stack o' cash out of my bank account the tellers gathered around and joyously cheered, "HyperLazy's throwin' a Pahrtay!".
Then I told them, "Your all not invited." LOL
So, in other words, they'll do whatever the fuck they want to do.
All of them will.
This is the lesson of the last two years.
Governments will do ANYTHING to keep it all going. This should not surprise us. Their positions depend on "it all going". If they let it stop going, they lose everything.
The real issue and surprise in this is not them doing it. It's the definition of the word "Anything". They've already tried to murder Gadaffi. There is really no limit at all.
No kidding. What's more disgusting is that you come to a realization that the last 30 years or so have been nothing but bullshit also.
Are they just going to declare that things are better? Seriously, they'll just intervene to no end?
affirmative to all points. will continue till it is literally fucking impossible to do otherwise, any and all actual effects, pro or con, notwithstanding. it's what they do. PS: after "impossible" they simply change the rules (again)
I am ATM
Please post the statement when it is made accessible, ZH. Besides the Fed announcement on Tuesday, and sundry anouncements from ECB and Germany, this G-7 statement will be the most important statement of the week.
Just pray that they don't mention the words "well capitalized".
Because we all know what that means.
We all saw this coming. ECB printing on a massive scale. What else can they do, print and print and print. It's their only way out for the short term, otherwise markets tank on a grand scale tomorrow.
And that plunges the EUR which pushes up the USD and JPY which screws us. So, then what?
U$D and JPY is printed into oblivion and the EUR reaches par and over shoots again, even though EUR is more upside-down...
Rinse-Wash-Repeat until the cities start burning enmasse.
EOM
They will be playing this game 'Oh look the USD is up against the EUR' oh no the 'JPY is down against the USD' till gold gets to 10k and all fiat currencies self immolate
Weimar Republic Bitchezzz
I think the "huns" might have a thing or two to say about printing on a massive scale since they are the ones that will be paying for it. They should say to the french (who are really the ones at risk) ficken sie!
kinda feels like christmas eve when you are about 6 yrs old.......
haha yeah. I bet no one gets any sleep tonight :)
I will. Net neutral, and long physical PM's.
Foolish to trust conviction in any market direction.
I was just thinking the same! I know i will personally be ready to hit the atm if necessary!
Assuming ATMs work...
I work for a company that provides global ATM connectivity. I will know tonight (late) if people in Europe start to run to them for money. I will be at my ATM shortly there after. If I start to see traffic valumes pick up I will post a notify on ZH for everyone, after I get back from getting my cash. Every man for himself bitches!
..more like the superbowl for me, and I hate football. But our team is winning.
The downgrade is targeting Treasuries IMO, the Elite don't want people to flood their money into US treasuries, so they downgraded the credit as a scare tactic.
They would much rather have you put your money into the failing EU to help them bail out their pet tax farm project.
Everyone should invest heavily in US treasury due to the downgrade.
Timmaaay, Is that you?
If anything the downgrade is targeting the scrogmasters in D.C., as it should.
We will not collapse tomorrow. Just more policy writing to contain control. Instilling fear on the lemmings is protocol.
A 6 percent drop is a very big deal if the the Dow mimics middle east market movements
If you're talking about Israhell and Saudi mkts. they were closed friday and saturday, so move was expected based on US thursday plunge
The EU position, stated another way:
"We will do for the US what we did for Greece!"
Germany to US: EAT MY SWASTICA BITCH!
To which i respond "we are all jelly donuts now."
http://www.youtube.com/watch?feature=player_detailpage&v=hH6nQhss4Yc
Let's see if the banks agree and don't start to dump bonds....
Let's hope the bank shareholders agree and don't start to dump bank stocks...
Let's hope the retail investors are all in for the VERY LONG run and don't start dumping stocks...
Let's hope nobody looks for better investment tools that do still have tripple A ratings...
Let's hope retail investors don't start a bank run and go all in into the PM's....
Let's hope no taxpayers start to riot because governments are going to throw in 20% inflation and gamble entire GDP's away with a sure loss....
Let's hope everybody is as dumb as a mule and believe the propaganda that they'll print...
Be me? I believe the shit is going to come down. IT'S GOING TO RAIN SHIT TOMORROW!!
WHICH STOCK MARKETS WILL BE CLOSED BEFORE NOON IN EUROPE?!
WILL THE US STOCK MARKET CLOSE BEFORE NOON?!
I SAY: YES THEY WILL!
Naah. One word: PPT
Yup, but, will they wait until the normal 10:30a timeframe?
I'm going with SD on this. Too much media coverage. I think a lot of Mom and Pop investors are going to try to cash out tomorrow.
Doesn't take much to make you giddy does it?
Looks like his sock puppet got up on the wrong side of the bed this morning. Let us finish this thought process so that we may understand there is a solution:
http://www.youtube.com/watch?v=4JVkonHpxKk&feature=player_detailpage
"Let's hope everybody is as dumb as a mule and believe the propaganda that they'll print..."
No need for hope. That wish has already come true. Tomorrow will be anticlimactic.
Not to change the subject, but you have the greatest avatar of all time. That thing is a perfect visual representation of my general sentiment, and I'm sure I'm not alone.
Hmmm, does this mean I can send a "fuck you " note to my mortgage company?
Japan taking all those dollars from China must place somewhere. They spin it like Japan is doing a favor supporting dollar assets.
ha
Did you know that Japanese Benjamin bills glow in the dark?
PS: MERKEL AND SARKOZY WILL NOT GIVE A STATEMENT THIS EVENING!
SHIT MEET FAN, FAN MEET SHIT!! NOW FLIP THAT SWITCH!!
Chimay, bitchez!
If this is true I'll be waiting for the APMEX blue light specials in the next few days.
I think you are confusing APMEX with K-mart? Haven't seen many APMEX "flash sales" lately. But, Mr. Market may give us a short term buy opportunity this week?!
Tuco
.
Everything a last-minute band-aid. The g-7 statement just a few hours before Asian markets open. The debt ceiling just a few hours before default. What the fuck? No use being too far ahead of these developments and short selling weeks ahead. They are all last minute rescue operations. Highlights the absolute delinquency which existed beforehand.
That's because there are politicians at the helm. The empty suits (and dresses) don't have a clue or this mess wouldn't exist. They need to be told what to say, what to do, how to act, etc. etc. And, most importantly, what their campaign donors think. Getting re-elected, staying in power, that is the primary directive.
Power & control. Control = Power.
STR. sell the rips.
BTFD STR is the new BITCHEZ!
Special Showing Tonight:: Asia Markets. 1st Time Release of America after the Brink. BETTER THINGS FOR BETTER LIVING exposed to the Public.
Guaranteed to keep you on the edge of your chair, better than anything on the telly.
I also noticed that all the MSM outlets are running special live coverage of the Asian open tonight at 21:00 EDT. CNN,Fox, Fox business, MSNBC, CNBC, etc.
They must be getting pretty scared of people tuning to places like ZH. I expect the "A list" talent. Low cut tops, strong jaws, perfect hair on everyone. Dressed to the nines with camera angles that show quite a few profiles.
.... And people complain about the 40 x 40 pixel avatar pics on here.
If I got to see some Becky Quick bouncing breasts on CNBC, I might be more inclined to watch their propaganda. ZH supporting animated avatars is quite a treat.
Most of the women that work at Bloomberg are quite the eye candy. Keep an eye on the background during their broadcasts ;-)
dont get bloomberg. but the most sarcastic thing I ever saw was when my DVR taped a Fox News show called "Red Eye." The show itself is just over the top sarcasm --but for-- the segment they run called "Courtney Freil Working out"
Zero Hedge is now MSM. You are referring to the establishment, dinosaur, coporate, dying media.
Tuco
Quantitative Heaving has begun
And Hoeing.
Is that "Hoenig" spelled sideways?
And qualitative oozing.
To be followed by:
Quantitative Weasling (of Obama and Congress)
Quantitative Teasing (by the corporate media parrots --- "All is well, nothing to see here!")
Quantitative Freezing (of worldwide financial markets)
Quantitative Wheezing (of Bernanke, Geithner, Trichet et al)
Quantitative Squeezing (of the taxpayer, to pay for the entire mess)
Don't forget the sleazing, cheesing, and seizing.
Scared, B!tches ?
Yeah. And you fellow bitch?
More like pensive. Anticipating the final release of pent-up desires to even the score. Almost jubilant.
I'm cash. Hoping for a BIG everything must go sale.
Be afraid. Be VERY afraid.
Adrenalin keeps me sharp
"The good times are over": China to USA. The bad times have just begun.
Yea, for them. Believe it or not, we can actually make shit in the US, iphones and all.
we could certainly build factories and train workers to build stuff, but I am not aware that the U.S. currently possesses factories capable of making iPods, LCD screens, microchips, TVs, and the like for the commercial sector. We might have factories for producing military gadgetry, but commercial stuff is another matter.
We have some capability for certain. I did product development for ValCom for example - they have many acres of electronic product building robots -- it's an awesome sight. That particular outfit is so veritically integrated as to be building their own speakers, transformers, and other "basic" parts from scratch. But they are the exception to be sure. All that stuff done in volume in China was first prototyped here, don't forget. We can make stuff just fine -- not currently in amounts to match current demand, but both sides of that equation are about to become "fluid" to say the least.
We have plenty of capacity, we just have to remember how. As to "current demand," I wouldn't worry: Americans may also finally remember how to budget family expenses!
Sure, we have plenty of buildings - but remember, many of those plants were stripped of their machinery, which was sold to overseas interests. Besides, the plethora of regulations which have to be met in order to do business in Amerika virtually guarantees that no one will put forth the capital needed to mount a serious venture.
Guns or Butter
ReichsMarshall Hermann "Meyer" Goering
It's madness, truly. These people (central bankers) are absolutely unhinged.
Transferring bad debts to the monetary authorities serves only to undermine the value (backing) of the currency. Taken to its logical limit, the destruction of a currency that would follow from such a suitably "massive" program, would throw into chaos the value of every other asset denominated in the destroyed currency. Now, if that currency were, say, the world's reserve currency, well....
Madness, absolute madness.
But what if they all become exactly the same amount of worthless at the same time?
Wonderful buying opportunity for future xmas gifts of framed and sorted extinct currencies. People love em.
If that happens, then:
"You're traveling through another dimension -- a dimension not only of sight and sound but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's a signpost up ahead: your next stop: the Twilight Zone!"
Oh wow you dated your self on that one. LOL.
When everybody is rated A, AA+ becomes the new AAA.
oh, so that's how it works! <slaps forehead>
it`S really time for a special market commitee by now. i would suggest
bernie madoff
jeffery skilling
jim cramer
they sure know what to do now...
ASK WHY, ASSHOLE
You forgot to include Bernie Ebbers whose specialty was accounting fraud.
A glaring omission.
Can we have this on the ENRON ( post facto) trading Desk?
Michael Milkin, Chair.
Noesky Boesky?
G7?
What about China? China is in the G-20. Did they not phone china?
I think you'll find out how much 'respect' the US and EU have for China when the chips are down.
I thoroughly expect the 'massiver scale' thing to happen
Ah, glenlloyd; tits "more massiverer" isn'tit? Pretty sure anyways. You can quote that.
I think at this point the market wont be soothed by words alone. Words aint gonna buy trillions in crap bonds. Now who exactly will bail out the G7 after they go belly up from buying spirialing debt?
G-7 finance ministers, central bankers expected to express confidence in dollar, pledge liquidity. U.S. to explain fiscal rebuilding efforts- I thought S&P downgrade was no big deal to the fed/fdic/ncua/treasury, if so why express confidence, pledge liquidity? Cause they are all Lyin' and scared shitless Bitchez!!!
(Anyone heard from China, lately?BWAHAHAHAHA)
Or maybe Quantitative Hemorrhaging is more appropriate?
Quantitative Malaising.
Quantitative Qornholing.
Tel Aviv Stock market closed down 5.6% before they closed it early yesterday.
Saudi Stockmarket also had to be closed early.
Both markets saw their banking stocks plummet.
But monday will be totally different for the US and EU....
Yeehaaaaaaaaw!
Didn't the Tel Aviv markets miss the crash last week because they were closed?
Thus, their going down Saturday was a lagged reflex to what had happened earlier in the week, not a reaction to the downgrade.
Is that a theoryy, or what?
Maybe they could just keep all the markets closed until say.........November 6, 2012?
G7 statement also is expected to support IMF (International MuthaFuchas), Dominique " I did not rape the maid" Strauss-Kahn, and Christine "I did not rape the French taxpayers in multi-million$ payment to French business tycoon Tapie" Lagarde.
Is there a single word from Geithner or Obama on the S&P downgrade? Why not?
Because they are pussies?
galore?
Alright, a serious question. I am assuming you are a woman. Why are all things that are weak and docile call pussies, and all arrogant SOBs are dicks. Afterall, doesn't a pussy beat, consume and deflate a dick all the time. A pussy can service multiple dicks and still retain its persona, but most dicks can take only one pussy; and that too they are done after a second or two. Then they are flacid, shrinking and hiding between the balls... and running from the pussies. So, why this association.
Is it because it's a man's world, bitchez?
You make a great point. Pussy Power! Many feminists believe that men are in awe of the creative power of the vagina/womb and feel inadequate because of it. As a result they make things and monuments as a form of over compensation. Eco feminists will tell you this is why the planet is in trouble, men went over board compensating.
Meanwhile, much of what we accept as common in the culture does not really make sense.
For instance, on the flip side, I see guys here saying stuff like "suck my dick" and "lick my balls" as an insult or a form of degradation. Isn't that too precious to offer to someone you don't like? Too dangerous? Such a thing should be, if all was balanced, a nice invitation extended to someone you like. But these things are what they are.
My best friend's a pussy and there is an asshole that lives behind me. What am I???
Cause they don't really give a fuck about spinning lies now, B. Hussein Obummer is unelectable in 2012 at this point...
Liberal jedi mind tricks will have little effect for the electorate for at least one election cycle - May as well smoke some cigs, snort some hooch and play another round of hit da ball with a club on pastures of ignorant bliss.
never understestimate the ability of the completely incompetent to win reelection. we've had great Presidents and clearly Obama got off to a bad start because the Democratic told him what he was going to do. That's never a good way to start your Presidency. He appears to have been foisted into the role of an Al Gore'ian "I really am my own man, now!" moment. And now he knows why George Washington said--and i'm barely paraphrasing here "this job sucks."
Cognitive dissonance is bitch when you fantasize about being Da Master of Da Universe!
And please don't compare the Father of the Democratic Republic of the USA to a pathological liar born in Kenya...
Since you seem to have a poor working knowledge of the Founding of the USofA, here's a book that will get you up-to-speed and give you a working knowledge as to the significance of the John Locke quotes that follow:
Patriots: The Men Who Started the American Revolution
http://www.amazon.com/exec/obidos/ASIN/0671675621/
Hell, don't feel embarrased, even the so-called enlightened on the blogosphere don't get it...