Goldman's Jim O'Neill "Go On President Obama And Congress; Give Us A Nice Pleasant Summer Surprise!"

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Sun, 07/31/2011 - 13:14 | 1509983 jmc8888
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Yep, by banksters, for banksters.

Of course fusion won't happen, we give all our money that comes from banks TO banks.


If that changes....via Glass-Steagall...we have a chance.

Cancel the fraudulent debt.  Don't cut, print, or tax to pay it off (as more in increasing numbers gets added on behalf of same banks)

Sun, 07/31/2011 - 13:17 | 1509988 trav7777
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Bill Clitton's #1 priority was a balanced budget??  GTFO here

Sun, 07/31/2011 - 16:04 | 1510348 falak pema
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Bill clitoris? Like Spiraled Goat?

Sun, 07/31/2011 - 13:18 | 1509990 Bard
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Any panic tomorrow? I wanna buy some stocks with 10% discount then reinvest it in gold.

Sun, 07/31/2011 - 14:00 | 1510081 HelluvaEngineer
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Yes, panic buying most likely

Sun, 07/31/2011 - 13:23 | 1509998 Pool Shark
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"Go on Jim O'Neill and Goldman Sachs; DIAF!"


Sun, 07/31/2011 - 13:24 | 1509999 CrashisOptimistic
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The most likely scenario is trading algorithms will continue to evaluate the eroding GDP as cause to believe corporate earnings will not meet their S&P $95/sh target, and thus with a constant P/E, equities must continue to slide.

The debt ceiling increase has not been the major player this week.  GDP has been.

Sun, 07/31/2011 - 13:24 | 1510000 takeaction
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PLease let VXX go past 28 so I can get out.  LOL

Sun, 07/31/2011 - 13:26 | 1510005 knukles
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Oh, Go Fuck Yourself.

Sun, 07/31/2011 - 13:26 | 1510006 LetThemEatCake
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It seems to me the market had already reacted to a likely deal on Friday with bonds rallying, stocks falling three quarters of a percent and PMs trotting along after all the angst pre-market.

Sun, 07/31/2011 - 13:28 | 1510011 Byte Me
Byte Me's picture

So let me see if I have this straight.

Goldman are financial advisers to off-world entities, probably including Jabba the Hutt and Gharlane of Eddore.

EXHIBIT A -- Jackass O'Neill has finally flipped out on his own crapulence.


Sun, 07/31/2011 - 13:52 | 1510057 Sledge
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Offworld and URANUS....Goldman's there!!!

Sun, 07/31/2011 - 13:31 | 1510012 johnconnor
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It doesn't matter what they do, is only a matter of time before World War 3 and Skynet taking over the world

Sun, 07/31/2011 - 14:09 | 1510107 Sledge
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WW III = Cold War...War on present. Skynet?  Isn't that your smart phone?

Sun, 07/31/2011 - 13:32 | 1510015 Troy Ounce
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Bet O'Neill did not tell the Isrealis he's a financial terrorist

Sun, 07/31/2011 - 13:34 | 1510020 Dismal Scientist
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Schoolboy writing, in a horrible self congratulatory tone. There are better Jims out there.

Sun, 07/31/2011 - 13:36 | 1510021 Sledge
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Sun, 07/31/2011 - 13:38 | 1510025 Cassandra Syndrome
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But, but Asia opens soon.... What do we do?! I'm scared, please save us Lord Obama.....


By 1 vote I beleive it was blocked. Lovely.

Sun, 07/31/2011 - 13:45 | 1510039 Sledge
Sledge's picture

it needed 60 votes to pass. pretty bad.

Sun, 07/31/2011 - 14:01 | 1510083 Jim B
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I had to turn the news off, Durbin and McCain were hamming it up for the camera with big smiles acting like duchebags... The real deal will be announced later...  


Theater of the stupid! 

Sun, 07/31/2011 - 16:21 | 1510365 Mike2756
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One is borderline senile and the other is from another planet.

Sun, 07/31/2011 - 17:52 | 1510484 Chuck Walla
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God, I cannot tell the diff between those two most days. One had some honor once, the other never did and never will.  Progressivism rules.

Sun, 07/31/2011 - 14:11 | 1510112 Iam_Silverman
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OK, so who voted "Present"?

Sun, 07/31/2011 - 13:37 | 1510023 Goatboy
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AntiSec is no longer interesting to ZH staff?

Sun, 07/31/2011 - 13:42 | 1510028 Bob
Bob's picture

Give us a nice pleasant summer surprise?  Would that be waking up as a bankster and finding that Obama already started your blow job while you slept?

It's a bankster's life!

Sun, 07/31/2011 - 13:50 | 1510048 knukles
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"I managed to sneak in a helicopter ride over to Jerusalem before I left."

Now that's spiritually balanced. 
Really.  The head of an Investment Management firm jets all over the world and writes diatribes such as this to whom?
Not the folks for whom he's paid to manage money...................

No fucking wonder there are articles about senior management and client's concerns about GSAM's performance and loss of assets under management.
Mayhaps a bit of focus?

Sun, 07/31/2011 - 14:04 | 1510091 whiskeyjim
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When I was in my early teens, I used to pour over album liner notes hoping to glean deep and wonderful secrets to the meaning of life and living from the philospher song writers that I revered and cherished. Then I figured out they were just druggie kids that could spin a tune.

When I was in my early twenties, I used to power over investment publication from Wall Street hoping to glean deep and wonderful secrets about macro trends and how the world economies worked. Then I figured out they were just coked up financial managers that mostly never managed a real company or labored in a free market in their whole life.

When I was in my early thirties, I used to read the Fed publications hoping to glean an understanding of the macroeconomic models by the brain trusts that set interest policy for the world. Then I figured out their models sucked, that macroeconomic theory is a lot like a religion, and that they in fact have really no idea WTF they are doing, but they are controlling interest rates and printing money.

I'm not sure why it took me so many decades to figure out that there is no brain trust that people can rely on. But I've been a strong proponent of flatter hierarchies and free markets ever since.

Sun, 07/31/2011 - 14:16 | 1510129 Amish Hacker
Amish Hacker's picture

Yes, after just a few minutes in Jerusalem's airspace, all the political and religious complexities of the last forty centuries were made clear: 

"From above, you can see so much of the history and controversy below."

Jim O'Neill should compare notes with G.W. Bush, who became an expert on post-Katrina New Orleans with a single flyover in Air Force One. His stunning insight:

 "it's got to be doubly devastating on the ground." 

Sun, 07/31/2011 - 18:17 | 1510560 Ghordius
Ghordius's picture

LOL! And he does not explain why he was "not allowed" to go there... Perhaps he really is like Dubya?

Sun, 07/31/2011 - 15:15 | 1510264 oogs66
oogs66's picture

That line just struck me as wrong in so many ways

Sun, 07/31/2011 - 13:49 | 1510051 MFL8240
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Yes, I agree with the scumbag from Goldman but, I would add this, make our summer great by resigning immediately Mr. President you are a failure.

Sun, 07/31/2011 - 13:53 | 1510055 whiskeyjim
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Two observations as I read this post:

  1. There was no market calamity in 1995 when the government shut down twice while they debated budgets. In fact the players were identical. What is different now that inspires so much Chicken Little rhetoric, other than an MSM that has lost all sense of rationality in its support of Progressive thought? One can argue that given the size of the debt, markets now require a more significantly austere budget than a passing nod to our structural bankruptcy, or one can argue (wrongly IMHO) that markets are still looking for more stimulative budgets. But one can not argue both at the same time, which Mr. O'Neill seems to be doing.
  2. The whole piece screams the message that this man is so accustomed to the idea that elites 'manage' and control economies (over the little people) that if you put him in charge of say, a $500million company on Main Street, he would not have a clue what to do. These folks wouldn't know what to do in a free market if it bit him in the face. Even the concept that government would eventually get out of the way in any country, is completely foreign to him, or that they are working on the symptom rather than the disease.

It is all really quite depressing.

Sun, 07/31/2011 - 14:11 | 1510113 whiskeyjim
whiskeyjim's picture

There is one more message in that piece:

You the reader are cool. I am really, really fucking cool. And we are living really cool lives that make a huge difference. I write these articles with a down home diary feel so that you can vicariously read just how cool I am. And I took a helicopter ride over Jerusalem, and it was so cool!

Sun, 07/31/2011 - 14:08 | 1510101 TSA Thug
TSA Thug's picture

Thanks gang for the awesome Goldman piece. Jim is one of my favorites. I'm touched to hear that his visit to Israel was a good one. Anyone who has been there will undoubtedly say the same(unless you're a stinking Arab).

Mazel Tov Jim!

When I went through basic training I was taught some basic greetings and customs from Israel.


--You WILL Obey!

Sun, 07/31/2011 - 14:19 | 1510134 gwar5
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Let's hope O'Neill is just being sarcastic. One thing's for sure, he's not really worried about anything.

Sun, 07/31/2011 - 14:29 | 1510154 GCT
GCT's picture

The Senate killed the deal again.  Getting out the popcorn and soda.  This is turning out to be a first class comedy!

Sun, 07/31/2011 - 14:35 | 1510170 molecool
molecool's picture

Regarding cold fusion: anyone here heard of Rossi's e-cat? It's not really cold fusion - rather it's a low energy nuclear reaction without needing radioactive isotopes. I have been sceptically following this for six months now and believe that it could actually have a chance of being real. Google e-cat and Rossi for more info - unless of course you readily dismiss anything non-fossil or non-nuclear as a hoax.

Sun, 07/31/2011 - 14:39 | 1510179 brew
brew's picture


The circus in Washington over the debt ceiling is beyond laughable - it is dysfunction times 100.  The extreme factions of the left and right have been doing what they do best...create gridlock.  Raise taxes on the wealthy!  We can't cut Social Security and Medicare!  Raise the debt ceiling and spend more!  Truly, the President, the House and the Senate are unfit to govern...period.

The American public has let this go on far too long.  We continually send the same-old, same-old back to Washington to continually do nothing.  Their actions are very transparent to me. Instead of doing something right today that may be unpopular with the people, we'll pass it on to the next administration and congress thereby insuring re-election.  Obama ran on the premise of change in Washington.  How's that been going Barak?

If this latest round of political theater doesn't get people off their fat asses to seek out true public servants to vote for, nothing will.  My votes in 2012 will be to send them all packing.


Sun, 07/31/2011 - 14:41 | 1510191 slewie the pi-rat
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very clever of jim to pretend to dissociate and not notice

i wonder whatever could they have meant by that funny about praying at the wailing wall for "sanity" for the US? 

and what would jim like, here? 

sounds like christmas in august, to slewie...

ho, ho Hooo...

Sun, 07/31/2011 - 15:01 | 1510236 PulauHantu29
PulauHantu29's picture

Make my day! I have so much in oil, GLD and SLV that I am lookin gforward to another Quadrillion Injection of Fed Mega-$$$$ into the system.

Many analysts predict $2,500 gold and $220 I understand why. There is no will to control spending before the next election in 2012.

Sun, 07/31/2011 - 15:48 | 1510326 falak pema
falak pema's picture

where is the deal? Is it a deal or not a deal...will it be or not be for an ephemereal period of a few months....vanishing mirage...oh, we had such a deal once...

Sun, 07/31/2011 - 15:56 | 1510340 Atomizer
Atomizer's picture

29 July 2011 The Smurfs ring the NYSE Opening Bell

Someone needs to continue the agenda to trick the masses. The bullshit is getting harder to hide by the day.

The Communist Smurfs


Sun, 07/31/2011 - 20:14 | 1510888 chump666
chump666's picture

What an idiot.

USD tanks and yeilds go up, this butnuts rally will be a flatline fizzle.  Soon Goldman when the SHTF, we short your running to the goverment, ok?

Wed, 09/14/2011 - 04:15 | 1667235 chinawholesaler
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