Gold May Not Be Money But It Is An... Airline? Bloomberg Freudian Slip Du Jour

Tyler Durden's picture




 

Ignore the news about what is surely the next airline to join every other legacy, and not so legacy, carrier into Chapter 11 and focus on the headline, where both the story author and its editor seem to have been preoccupied with Freudian ruminations if not on whether gold is money, then certainly how much paper money one can generate by selling gold...

Source: Biggest Airline Debt Spurs Gold Asset Sale Speculation

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 09/03/2012 - 20:06 | 2759002 Xibalba
Xibalba's picture

*News you can trust*  cough

Mon, 09/03/2012 - 20:22 | 2759014 Ahmeexnal
Ahmeexnal's picture

Hardly any surprise at all. Brazil is a basketcase. It's "newfound wealth" in nothing but massive debt brought on by an alcoholic Lula.
And the final two nails in Brazil's coffin will be the Soccer Cup and the Olympiad. Piling debt upon debt, in hope of making a quick buck. They should have asked the greeks how that whole 2004 Olympiad propelled Greece into the first world.....not.
Everybody can remember when Lula increased the minimum wage in Brazil by decree somewhere over 10%. The braindead collectivists of the world jeered and hollered, pointing out that Lula had raised millions of brazilians from poverty into the middle class. In reality, Lula turned those "poor" -but debtfree- into debt slaves, as they all rushed headfirst into the banking system's trap and came out with several new "gold and platinum" credit cards with which they could now buy the latest LCD/cellphone/game console/automobile/boobjob on credit.

Mon, 09/03/2012 - 20:55 | 2759106 billsykes
billsykes's picture

What they really have to do is lock it in by building the worlds tallest tower.

Mon, 09/03/2012 - 22:36 | 2759271 flacon
flacon's picture

Classic!

Mon, 09/03/2012 - 22:13 | 2759110 johny2
johny2's picture

Brazil is far from being a basketcase, at least when compared to USA, EU and some other parts of the world. Lately it has cut the interest rates to 8%, as compared to 0% in the USA. 

I can understand somebody saying that Brazil has a problem with the crime, expensive government, the bad public education and difficult laws in many cases. But still it has so many resources and good demographics to keep its economy in good shape overall. 

edit: the minimum wage

Brasil           $2.84.

USA             $7.25

France          $8.58

the public debt

Brasil          54.7%

USA             104% 

France         86%

Mon, 09/03/2012 - 21:13 | 2759127 e_goldstein
e_goldstein's picture

No such thing as wealth in the end-game of the Ponz. Well, unless you're counting the incredible, inedible...

Mon, 09/03/2012 - 21:29 | 2759156 Cortez the Killer
Cortez the Killer's picture

those debt slaves increased their standard of living, asshole, and some, making the right decisions, may have moved past losers like you.

So naturally you hate them for that.

Mon, 09/03/2012 - 23:25 | 2759328 Ahmeexnal
Ahmeexnal's picture

Wrong you idiot. Those debt slaves increased the standard of living of the ones that chained them to their debt, and in the process have sold out their sons and grandsons future.

Tue, 09/04/2012 - 00:37 | 2759415 Al Gorerhythm
Al Gorerhythm's picture

Dear oh dear. Much to learn has this one.

Tue, 09/04/2012 - 00:52 | 2759427 Davalicious
Davalicious's picture

Classic Jew banker strategy to destroy a nation. Loose money misallocates resources, society is undermined, the inevitable crash comes and rootless cosmopolitans like Souros are there to buy up the country for pennies on the dollar. The IMF, World Bank, IFC are then in a position to keep the country in slavery. Look at what happened to Argentina. Look at what is happening to fine countries like Australia and Canada.

Tue, 09/04/2012 - 05:27 | 2759545 NewWorldOrange
NewWorldOrange's picture

The Protocols of the Elders of Zion may have been a forgery. But if it wasn't a script for the 29th century and beyond, then it was the most prophetic thing ever written.

Tue, 09/04/2012 - 09:19 | 2759898 dark pools of soros
dark pools of soros's picture

Mere cliff notes of the master plan....

Mon, 09/03/2012 - 20:13 | 2759016 ShortTheUS
ShortTheUS's picture

Look for all those involved to be replaced by  fancy story-writing algo after this.

Mon, 09/03/2012 - 20:29 | 2759059 The Shootist
The Shootist's picture

And they changed it, heehee. I did press "prt Sc" before though.

Mon, 09/03/2012 - 21:02 | 2759116 KK Tipton
KK Tipton's picture

That *WAS* the algo.

That crap is in use everywhere. Most net news is "written" by that now I bet.

Mon, 09/03/2012 - 20:08 | 2759007 Dr. Engali
Dr. Engali's picture

Gold Bitchez!

Mon, 09/03/2012 - 20:25 | 2759047 MsCreant
MsCreant's picture

Gol, Bitchez!

Mon, 09/03/2012 - 20:50 | 2759096 JackT
JackT's picture

Gollum Bitchez!

Mon, 09/03/2012 - 20:56 | 2759108 Dr. Engali
Dr. Engali's picture

My precious ........ Gold bitchez!

Mon, 09/03/2012 - 21:21 | 2759150 e_goldstein
e_goldstein's picture

I think that calls for ALL CAPS.

Mon, 09/03/2012 - 22:10 | 2759236 Ain't No Sunshine
Ain't No Sunshine's picture

Goooooooooooold!

Mon, 09/03/2012 - 20:17 | 2759013 The Shootist
The Shootist's picture

LOl, I just saw that on Bloomberg and was wondering what the devil it was about? Southwest loading up on AU?

Mon, 09/03/2012 - 20:12 | 2759015 Dr. No
Dr. No's picture

Contrived headline to get the algos to start dumping gold?

Mon, 09/03/2012 - 20:51 | 2759100 Withdrawn Sanction
Withdrawn Sanction's picture

Maybe their editors are otherwise preoccupied....phone hacking????

Mon, 09/03/2012 - 21:16 | 2759134 DosZap
DosZap's picture

Offhand, I can think of only two airlines that might haver gold in their investments.

The rest are operating on fumes.

Tue, 09/04/2012 - 12:31 | 2759135 DosZap
DosZap's picture

dupe-id

Mon, 09/03/2012 - 20:13 | 2759017 NumNutt
NumNutt's picture

Its not money........it is just a really heavy, shiny, yellow metal stuff that everyone wants, and are willing to trade anything for...

Mon, 09/03/2012 - 23:12 | 2759299 Dead Canary
Dead Canary's picture

Exactly! See, that's what I keep telling everyone but no one believes me!

Gold is money. Silver is money. Blah, blah.

Tue, 09/04/2012 - 00:26 | 2759402 noob
noob's picture

money
Commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; it circulates from person to person and country to country, thus facilitating trade. Throughout history various commodities have been used as money, incl. seashells, beads, and cattle, but since the 17th cent. the most common forms have been metal coins, paper notes, and bookkeeping entries. In standard economic theory, money is held to have four functions: to serve as a medium of exchange universally accepted in return for goods and services; to act as a measure of value, making possible the operation of the price system and the calculation of cost, profit, and loss; to serve as a standard of deferred payments, the unit in which loans are made and future transactions are fixed; and to provide a means of storing wealth not immediately required for use. Metals, especially gold and silver, have been used for money for at least 4,000 years; standardized coins have been minted for perhaps 2,600 years. In the late 18th and early 19th cent., banks began to issue notes redeemable in gold or silver, which became the principal money of industrial economies. Temporarily during World War I and permanently from the 1930s, most nations abandoned the gold standard. To most individuals today, money consists of coins, notes, and bank deposits. In terms of the economy, however, the total money supply is several times as large as the sum total of individual money holdings so defined, since most of the deposits placed in banks are loaned out, thus multiplying the money supply several times over. See also soft money.

soft money
Historically, paper money as contrasted with coins, or hard money. Unregulated political donations. Soft-money advocates of the 19th and early 20th cent. were those who favored governmental deficit spending to stimulate consumption and employment. Fiscal conservatives (who put their trust in hard money) held the view that government should not spend beyond its resources. In late-20th-cent. political spending, strict regulations governed the source, amount, and use of donations to particular candidates (hard money), whereas contributions for the general promotion of a political party's message was relatively unregulated (soft money).

political contributions made in such a way as to avoid the United States regulations for federal election campaigns (as by contributions to a political action committee)

Tue, 09/04/2012 - 08:09 | 2759687 rufusbird
rufusbird's picture

Gold..."Its not money........it is just a really heavy, shiny, yellow metal stuff that everyone wants, and are willing to trade anything for..."

Not to mention the California and Alaska gold rush....changed the history of the nation...

Mon, 09/03/2012 - 20:16 | 2759026 Rathmullan
Rathmullan's picture

They may be forgiven as they probably just read the secret weekly memo to the media from the central planners reiterating that "gold must be talked down".

Kids make paper airplanes that can fly for a few seconds (like airline stocks). No one in their right mind would attempt an all gold airplane. Probably a lesson in those observations somewhere. 

Mon, 09/03/2012 - 20:18 | 2759027 d2themfi
d2themfi's picture

in b4 the algos sell all the worlds gold on this headline

Mon, 09/03/2012 - 20:19 | 2759031 savant
savant's picture

Why do you guys comment if you have ZeroValue to add? ZH....

 

Mon, 09/03/2012 - 20:24 | 2759042 Dr. Engali
Dr. Engali's picture

Good question. Why don't you give us the answer?

Mon, 09/03/2012 - 20:24 | 2759043 LongSoupLine
LongSoupLine's picture

lol...you new here?

Mon, 09/03/2012 - 20:31 | 2759064 Dr. Engali
Dr. Engali's picture

He's been trading since 05 and wants to start a hedge fund.

Mon, 09/03/2012 - 20:50 | 2759095 LongSoupLine
LongSoupLine's picture

well...that about sums it up then.

Mon, 09/03/2012 - 21:08 | 2759120 The Shootist
The Shootist's picture

Except for his avatar, I'm still trying to read it.

Mon, 09/03/2012 - 21:12 | 2759125 JackT
JackT's picture

That always sux when you realize your logo won't work in different form factors.

Mon, 09/03/2012 - 20:25 | 2759048 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

It's a Hedge against >Zero value comments.

Mon, 09/03/2012 - 20:31 | 2759063 MsCreant
MsCreant's picture

One savant's junk is another woman's treasure.

You know you are stuck in your own conundrum and can't get out, right?

Mon, 09/03/2012 - 21:17 | 2759137 shovelhead
shovelhead's picture

I hate sticky conumdrums.

Especially when they get stuck to your shoes.

Mon, 09/03/2012 - 23:54 | 2759370 Uncle Remus
Uncle Remus's picture

You didn't touch that...

Tue, 09/04/2012 - 05:43 | 2759556 Ar-Pharazôn
Ar-Pharazôn's picture

someone else did it for you.....

Mon, 09/03/2012 - 20:32 | 2759067 Cabreado
Cabreado's picture

The first order of business is to protect your voice, and while you have it, exercise it vigorously.

Mon, 09/03/2012 - 20:35 | 2759072 erg
erg's picture

You do know that Judge Wapner is on right?

Mon, 09/03/2012 - 22:42 | 2759279 WAMO556
WAMO556's picture

Maple syrup on the table!!!

Mon, 09/03/2012 - 22:51 | 2759291 erg
erg's picture

Beneath a Belgian waffle.

Mon, 09/03/2012 - 23:03 | 2759307 HeadintheGame
HeadintheGame's picture

Nice touch.  I presume your first name is IDIOT.  

Mon, 09/03/2012 - 23:20 | 2759324 Uncle Remus
Uncle Remus's picture

savant...is that as in "idiot"?

Do NOT follow this link or you will be banned from the site!