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Guest Post: If You Are Wondering Where We Are….
From Chindit13
If You are Wondering Where We Are….
The Fed has helped print a new kind of currency, currency being a means of exchange that in and of itself offers no return whatsoever.
This new kind of currency used to be referred to as notes and bonds.
Please be mindful of this change if you plan on using the tired old phrase, “A man’s word is his bond”. Remember to replace “word” with “money”, and you’ll be okay, at least until 2013.
Money is freely available to those who don’t need it and don’t deserve it. For everyone else there’s 29.99% Mastercard and Visa.
Elected officials in the United States are prohibited by both law and custom from looking in the mirror.
GDP for the sake of GDP is only a good thing if it is done in China, where empty buildings and empty cities are viewed as growth-positive.
On the other side of the world in the US, however, remember to change the plus sign to a minus to reflect the directionality of the gravity that has captured US assets and their funding mechanisms alike. Just to note, were Las Vegas, South Florida, and Detroit located in China, they would be referred to as “Economic Miracles”. It’s like that.
If you don’t have a job, you have 99 weeks to come to terms with it, after which you are no longer eligible to be counted in BLS labor participation rate statistics. The proper term for this is “patriotism”.
If you are leader of a sovereign nation, please pick the type of social upheaval that is right for your country and its ways and
customs: violence stemming from out of control inflation (the Middle East Option), or violence resulting from austerity imposed on the innocent and downtrodden (Ye Olde Victorian Option). Note that with the latter you are entitled to copious and unrestricted use of racial epithets to categorize the nature of the urban festivities. Also, look for it to make its sporting debut in the upcoming Olympics, pending IOC approval, of course.
Sarah Palin is the new Nostradamus, because she “knew” that the US would be degraded or upbraided or desecrated by the ratings agencies under Obama. She also believes that the 1960’s pop band Paul Revere and the Raiders should be inducted into the Rock and Roll Hall of Fame for fighting off the British Invasion.
The story of Jesus, the fish and loaves of bread is quaint, but it pales in comparison to what Europe can do. If one is in need of real miracles, one need not look any further than the fund into which pay the governments of Greece, Ireland, Italy and Spain that will be used to bail out the governments of Greece, Ireland, Italy and Spain.
A rising tide lifts all boats, at least those moored off the Hamptons and Nantucket.
After watching Barney Frank’s appearance on the recent Rachel Maddow show, the Massachusetts state motto is henceforth changed to: No Representation without Flatulation!
Unless you are a successful hedge fund manager, Cake Eater, a Social Networking IPO beneficiary, or a Congressman on a corporate junket, you are ineligible to consume cheese fondue, climb the Matterhorn, or have images of cows on your necktie, because---don’t kid yourself---you simply cannot afford it.
As a corollary to the above statement, both Turkey and Albania have now reached OECD status due to remittances sent from guest arbiters in Geneva, Basel and Zurich. A hearty welcome to the club is in order.
As “Nando“, the Billy Crystal character from a long ago Saturday Night Live used to say, “If you are like me, you’d rather look good than feel good”. Hence, a rising stock market is more important than a growing economy. You look maaaahvelous!
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I'm wondering.
Another Falcon HTV-2 hypersonic glider has "disappeared".
Russia now has 2 of them.
http://www.telegraph.co.uk/science/8696472/US-hypersonic-test-glider-Fal...
Caught in a butterfly net I suppose?
Not sure how you would capture one unless you had far more advanced technology.
Tractor Beam:
http://www.foxnews.com/scitech/2010/09/08/tractor-beams-real/
http://www.wired.com/wiredscience/2011/03/laser-tractor-beam/
I can't believe you still watch FOX, CNN or CNBC. Your credibility is gone. Not worth a look.
He didn't mean that. It's in my cargo bay.
Whoa, Jim...err, I mean Captain Kirk, can you please ask Scotty to beam me aboard? I can pay my way to a planet with real intelligent life on it...how about if I bring along a babe or two fer ya?
I hope they are Orion slave girls. Green is sooooo hot.
hooters hooters, yum yum yum, hooters hooters on a green girl that's dumb
Great entertaining thread. Please keep it going>
"Ties with pictures of cows on them--" Is there a market for ties like this? Who knew? My ex-wife is pretty good painter, I bet she could whip up some hand painted pictures of cows. Do you think this is a good business venture. Sincerely.
Are you kidding? That has got to be the highest demand tie in the nation! Why everyone in my town wears them! Even with jeans and a t-shirt, you can never go wrong with a Kow. But hey, maybe I'm a little biased.
Become friends with some Swiss people and the reference will make sense.
I think 2 rounds of sarcasm were lost on the 3rd interpetation.
you see, my net is mightier than your bullets!
http://www.youtube.com/watch?v=0Na-UCUaBQU
The corporate welfare rolls just keep expanding...and expanding...
It's now a right (not even an elitist privilege) to misallocate capital and create imbalances in the economy. It's really a lot of fun, I hope you get to try it some day.
yeah, expanding like Larry "jaba" Summer's waist
what?
Sorry OT:
Is Michelle Bachman slightly retarded? Or whatever the most politically correct way of saying it I mean...Maybe just a little?
What, exactly, made you ask that?
Yes, this just became about you.
No, she's a lawyer. She used to work for the IRS going after people like us.
Yeah, but a lot of traffic has gone over that bridge since then. I like the slightly retarded diagnosis.
From the Chicago Sun Times (naturally)...
"Odumbo signs "Rosa's Law;" "mental retardation" out, "intellectual disability" in By Lynn Sweet on October 5, 2010 1:32 PM |WASHINGTON--President Obama signed a law Tuesday mandating Federal statutes will no longer use the term "mental retardation;" the replacement phrase is "intellectual disability."
THE WHITE HOUSE
Office of the Press Secretary"
...I might have edited a charachter or two in the first word of the title, but the rest is cut & paste.
True, but she has some "stiff" competition
"corporations are people" - M. Romney
If corporations are people, and people can own corporations, does that mean slavery is now legal?
almost, it means the law is now a slave
I don’t think she is retarded, though apparently she insists God talks to her on a regular basis, which I don’t mind saying is not something I seek in a political candidate for the nation’s highest office and the right to put one's finger on the nuclear trigger.
I read in the Financial Times weekend edition that Bachman once said that “the Lord, through my husband, instructed me to get a post-doctorate degree in tax law”. When I read that I had a William Banzai moment, imagining an picture of a bearded God sitting at his desk with a piece of paper on which was written:
1) Let there be light
2) Make sure Michelle Bachman gets her post-doctorate in tax law
3) Chinese or Thai?
If you talk to God, you're religious. If you hear God talking to you, you're schizophrenic.
People hearing God speak - And candidates saying entities are people (uh that would be Mitt the Snit ). I'd say all our leadership are "intellectually challenged " , and "motivation tards" .
"Corporations are People "
"Banks doing Gods Work"
Great slogans for the next epic dictator election
God told her to run for Congress.
God told her to run for President.
(As President) God will her to push the button, so we can all hurry to the end time already.
and God told her everything will be alright as long as gays don't walk the isle
Maybe her god is retarded
"Intellectual disabled", thank you for your policitcally correct concern in using this term instead. (I actually prefer "tard", as in "Maybe her god is a tard". Seems like it has more oomphh!)
"Isle" is OK (as in desert). Aisle is another matter.
my just desserts
Thanks for the enlightenment over the last couple of years TD.
You are truly a hero among men. Now, how to outrun the GD freight train...
chindit, not one of the TDs, authored this gem, and a gem it is, aye.
But your point of appreciation and gratitude is shared by me.
We're all Tyler Durden, after all.
we should all carry the Durden burden
Please be mindful of this change if you plan on using the tired old phrase, “A man’s word is his bond”. Remember to replace “word” with “money”, and you’ll be okay, at least until 2013.
Money is freely available to those who don’t need it and don’t deserve it. For everyone else there’s 29.99% Mastercard and Visa.
Elected officials in the United States are prohibited by both law and custom from looking in the mirror.
********************************************************************************
The Lobby Whores are giving FREE! Money Away AGAIN! to their PIMPS???
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Say it aint so.
Fantastic Read!
Thank YOU!
More Please.
Spammer.
http://www.youtube.com/watch?v=_7Xtj04QiQg&feature=topvideos_education
Understanding America's Debt Problem
This kid deserves a kudos or something!
That was funking great JW. So Funny. You work too hard to bring us great stuff. Don't quit.
good stuff Jdub, thanks. nice how he gets into the whole goodwill aspect at the end.
some good points but not entirely accurate
Free money doled out to the Corporate Welfare Queens in the US will definitely lift the Chinese economy. Free Money they raise, funded by US taxpayers, is relentlessly being deployed East (and also building nice fat golden parachutes for top manangement). And US taxpayers will be left to foot the bill, twice: once for the debt incurred, and another for the inflationary impact on the cost of living and doing business.
Haha, you US taxpayers sure are gonna feel stupid when you start making checks payable to your Chinese overlords!
http://dungheap.wordpress.com/2011/08/11/20-to-show-on-the-9/
I'll say it again: The Fed has breached it's fiduciary responsibility to the US Treasury and US Taxpayer. This warrants a full Congressional investigation and if found to be so, the Fed charter should be revoked.
Is that even possible? The Fed isn't a government agency, isn't beholden to the US government, cause if I understand it correctly the Gov is beholden to the Fed. Their charter was paid for with good money, just like most other laws, so you've no grounds for compliant there. Oh, and if you haven't noticed, the Fed testifies to Congress a couple of times a year about what they're doing, sort of, vaguely. Congress doesn't tell the Fed what to do, our ex-used car salespeople only get to stump speech while they're supposed to be asking questions. We're massively in debt to the Fed, due to all of the interest we agreed to pay them for pulling money out of thin air. <- Can't make stuff like that up.
The master servant relationship is pretty clear, and I don't think Congress has much say about things at all.
With control of corporate media there is no way a principled man ie Ron Paul, Dennis Kucinich, would ever be allowed to attain an office as high as POTUS. We're going to be given more bush clinton bush obummer puppet action. If an awakened America happened to think for itself and put a Paul into office, they'd have to JFK him, and at this point most of us have lost all appetites for false flag murder.
Vipers and Thieves
But what about Governor Perry? I understand he's going to bring us all back to Jesus, and make everything alright.
the fed charter, expires in 2013
Unfortunately, it doesn't, as our very sneaky, criminally culpable CONgress, essentially allowed for an auto-renew and modified the Federal Reserve Act, in 1927, eliminating the 100 year charter. Here is the provision that states that The Fed lives until the Congress revokes its charter:
12 USC 341 - Sec. 341until forfeiture of franchise for violation of law :: interesting phrase
"This warrants a full Congressional investigation and if found to be so..."
The only problem is the last 6 words in this sentence. Other than that, right on the money.
the Fed does not have fiduciary responsibility, they don't need to earn a profit, um technically speaking
"The Fed stated goals in its charter, one of which is: “to provide the nation with a safer, more flexible, and more stable monetary and financial system.”"
So this doesn't fall under fiduciary responsibility? The issue isn't earning a profit, the issue is their actions in regard to our monetary (financial) system.
chindit, as always, its a pleasure to hear from you! as a longtime lurker I am always scanning for guys like you.....this time you had me with the jesus-EU-analogy..... a classic example of why I NEED this site and the people that are on here!
Benny might be "Bugled Home to Jesus" soon. from Kinky Friedman.
Was Google just hacked?
It is now painfully clear that the allure of the "Mask of QE" is unquenchable as it goes full on global. Still...it does have unintended consequences are just as obvious:
http://www.youtube.com/watch?feature=player_detailpage&v=SVS0IPsJgJA
Breaking ranks:
South Korea Says US Rate Policy May Add Inflation Pressure http://www.cnbc.com/id/44114867/I want my QE3. Fucking mouth breathers. LOL
Dire Straits - Money for Nothing
30% visa card? People should find that criminal!
isnt it great? the country bails out these zombie leech banks, then allows them to borrow at what, 25 basis points, so they can turn around and suck the remaining life out of the people by charging them 29.99% on their credit cards!!!!!! and people should be "honorable" and pay their underwater mortgages to these bloodsuckers? when does this ennnnnddddddddddddddddddddddd??????????????????????????????????????????????????????????????
Are you tired of bending over, America?
Still two more inches before we touch our toes. Then its palms...
Bernanke Says Buy Stocks, Or Else!
http://oilprice.com/Finance/the-markets/Bernanke-Says-Buy-Stocks-Or-Else.html
So does this mean somebody gets off of unemployment lines or food stamps? Hmmmmm.
If we ship our black underclass to the empty cities of China, the economic boom in the States would ignite Chinese growth.
I have a PhD from MIT
PhD in Econ? If so you are qualified. USA has WMT to make it happen. If only they can stop offering HC and offer anotehr 25 to 50 cents less things would be better.
That is an awfully good point. How could we convince them to take em is the million dollar question.
The same way China ships its convicts to Africa. Offer to build infrastructure, supply the laborers, and don't pick them up when the project is done.
Not completely off topic - but -
A ship leaves the Port of Long Beach, California, stocked full of raw materials such as copper, wool, cotton, silica, mica, grain, pig iron, stainless steel, zinc, titanium dioxide, iron ore, phosphate, etc.
It is destined to arrive in Shanghai in just under 8 days, at which time, it will unload its cargo, receive a cargo from the Chinese Dock it is moored at, with said cargo consisting of mainly finished goods, including electronics, optics, furniture and clothing, worth 14 times the value of the cargo it had just immediately unloaded from the U.S., and then set course back to the Long Beach Docks.
"worth 14 times the value of the cargo"
that's a funny word "value". it's very subjective isn't it?
makes me think there's gonna be a point where the chinese decide to take the haircut in return for those cheap raw materials and call it a day.
Fed policy: making sure we're ready for the next leg down in US economic/social/political decline. Point of no return.
Obama: Tell Congress to 'get past differences and send me' highway bill
http://thehill.com/blogs/transportation-report/infrastructure/176525-obama-tell-congress-to-pass-a-highway-bill
As I have said for the past couple of years, the real economy never recovered from the financial crisis. It was only a "Wall Street" recovery. Unemployment has nearly doubled, consumer spending has slowed to a trickle, municipalities are on the verge of bankruptcy, food stamp usage has skyrocketed to record levels. By almost any standard measure, people are generally far worse off now than they were in 2008. Sure stock prices rose again after the crash of 08/09, but is that what we're using that as the sole metric of whether or not we're in a recession? The underlying problems in the US economy were never dealt with when the crisis happened. As such, we find ourselves in the situation we are today. The Fed can keep pretending that easy money policies will help but the reality will continue to prove that they don't. And that's why I don't think the market has bottomed yet.
Yep. And in terms of the future, since no imbalances have been addressed, let alone corrected, we're on the same glide path to decline and depression that we were on at the point we first heard "The fundamentals of our economy are sound".
Sadly, we are now: Worse than Japan. Most Americans will now live in slums worse than those in China. Which are now moving to cities. Hmmmm.
Yet, Idjuts in the MSM (I'm pointin' the finger at you Newsweek!) blame the Tea Party for bringing the US Govt to the "brink of default."
Brainz?? Who needs brainz? I get the feeling mine is leading to massive quantities of unhappiness right about now!
Uh, we never recovered from the 1990s Clinton economy, otherwise known as the rise of the big box and the massively publicly traded corporation. The 1990s saw the wholesale destruction of main street America replaced by Home Depot, Best Buy, Walmart and the like. From 1992 to 2000 a few hundred thousand independent hardware stores bit the dust to be replaced by a thousand or so big box Home Depots destroying a few hundred thousand middle class jobs. You saw over 500,000 independent sporting goods stores put out of business by Dick's and Sports Authority. During this entire period people were told to buy stocks like mad to get in on the action and become rich in the process. The sheeple were sold on the idea and it didn't matter if you lost your way of life because you could turn a couple thousand dollars into millions by investing in Diapers.com or Pets.com. Why, you wouldn't need a job at all. You could just become a day trader and sit on your ass and with a few clicks make more in a day than you did your entire life to that point.
I could go on and on with CVS and Walgreen's, the ass raping Giant Eagle grocery store, and mega hospitals coupled with insane greedy lawyers that out all local doctors out of business. Then you had that bitch Clinton repeal the glass steagall act which set in motion the entire commodity and derivative bubble, with help from Cocksucker Bush and the Commodity Futures Modernization Act.
After the Dotcom bubble burst we were left with a cadaver country which could only grow by increasing debt to fuel the stock market and the appearance of wealth. Stock gains just like home equity is not wealth, you didn't earn it and it only exists on paper. In order to realize gains you must sell the asset and you must sell it for whatever someone is willing to pay. If someone is only willing to pay you half what you paid then you are only worth half what you thought you were.
Which brings us back to the market and Mark to Market accounting. Unless this is brought back then we will never fix the system.
I remember that fateful 2009 spring. The bogus release of the "leaked" memo from Citigroup stating earnings weren't going to be as bad as everyone thought. The assclown Obama getting on TV telling people to buy stocks and then the change from Mark to Market to Mark to whatever the hell you want. The green shoot talk was everywhere even though nothing actually changed. Within a few months the stock market rocketed higher in the greatest Bull"shit" run in history. Oil hit $60 within weeks on its way back to $100.
So ten years later by every measurement we are far worse off than the year 2000 yet everyone says the economy is fine. My sister graduates this year into a similar situation as I did in the year 2000. An economy in freefall and no hope for finding a job. Nobody will ever want to hire an 11er just like a Naught because the stigma of being lost for a year without any experience will last forever. You will always be behind those who came after.
The fact that the MSM is obsessing of convulsions in the equity markets 24/7 is a tell that we're about to break apart at the seams.
Nothing could be less indicative or relevant of or to the health of the American Economy than manipulated movements on the machinery of a Ponzi Scheme that are the bond and equity 'markets.'
That the MSM is holding it out as damn near central to everything economic in Amerikranski just serves as further confirmation that we're approaching our 1932 redux.
As a very wise man said to his son in 1932, when being begged for money to buy stocks from his son, who had been inspired by the constant focus and positive spin regarding the stock market by the MSM of the day:
been listenin to woody guthrie all night...this song seemed striking.
http://www.youtube.com/watch?v=waQOS3hKIa
been robbed for cash and been robbed by credit
when does the american public get to access the discount lending window to buy homes?
Just Inc yourself and start a bank and then the money starts flowing.
Top Ten Obama Excuses for the Failing Economy
http://www.whitehousedossier.com/2011/08/08/top-ten-obama-excuses-failing-economy/
“ The story of Jesus, the fish and loaves of bread is quaint, but it pales in comparison to what Europe can do. ”
--
Had a “bread an fishes” moment last night.
I went to an ATM and for the first time ever an ATM over-drafted my savings acct into a negative balance.
Ordinarily you would just get an “Insufficient Funds” message and that was that.
The (very) cutsie-butted girl at the bankster office said, the bank may decide that depending on how I conduct my account, they may essentially elect to allow a floating balance.
Now this is new - to me.
This is bread and fishes, and I do not believe in a free lunch.
So I requested that this floating balance be removed, and the hard limit of insufficient funds be reconstituted for this acct.
I was informed by the very sexy bankster (very distracting) that the bank could not completely eliminate this potential for a floating balance, nor the possibility of a negative balance, but if I signed this authorization paper, they would do all they could to prevent it at their end.
But it was still up to me to make sure that some other company did not request more money than I had, because the bank would in fact still give it to them on mybehalf.
No credit facility or agreement involved, but still they allow the acct go into debt, even when the wage-slave requests for it to not to be possible for that to occur.
(I'm old school, I actually believe in balancing accts and budgets as I know that ALWAYS works)
Suddenly the responsibility to not spend what think I do not have, as credit I do not want, and do not even know is there … is mine.
Someone else can flip me into debt to the bank, without my even knowing it!
This is the thin-end of the wedge, as they can now impose another layer of exploitations, arbitrage and theft on me.
This is why I want a properly regulated and operated PUBLIC NATIONAL DEPOSITORY BANK, as regulatory “competition” to such sharks.
Banking REGULATORY COMPETITION is not just about MONEY its about banks being FORCED to compete to provide basic good-behaviour and ethical decency in banking, and that’s exactly what potential disappeared in the years after Australia lost is National Public Depository Bank in the mid-1990s.
Thank you to the Australian Labor Party and Kim Beasley - NOT!
PS: I still want sexy eye-candy … bread, fishes and sexy ladies … mmmm
And I'll add the stipulation that the bank must be a full reserve bank.
Yes indeed, I should have said that.
I allowed my brother to use one of my accounts at chase (originally WAMU) he became a signer, and got an atm card. after he moved to washington state, and gambled away all his money, the bank allowed him to withdraw $400.00 from my account, that wasn't there. the teller tried to describe it as some kind of overdraft protection. I said it amounts to extending credit, that I did not request, or agree to. to add insult to injury, I could not remove my brother from my account. he would have to remove himself.I closed the account, without paying the overdraft. I bought 15 ounces of silver instead. it's still nowhere near what jpm has cost me in past silver suppression.sometimes when they call to make an offer to settle, I tell them what I did, and how much I've made, and that I have a great job, and ample cash flow, and I'm still not gonna pay them.
LOL! unbelievable! ... and LOL that your account was effectively hijacked by both your brother and your bank, ... and it's 'legal' for them to ask YOU for it back ...
fractional reserve / bread n fishes ... what's da diff?
Integrity of the provider.
This ^^ and no interest charged.
possible corollary to "A man's money is his bond" = "A man's bond is our money"
Find out how much you are paying for the privilege. You may find it costs you a $25 fee if your account goes $1 negative. You may also find they pull fees out of your account before they are due so that your account goes negative even though you made sure you left a few bucks in it. They pulled that on me. Once. A long time ago.
That was one of the first things I asked, I was told there would be no charges because of it, ... but I'm not convinced.
The IRS Covers up reports of Public Guardian Tax Fraud
http://whatreallyhappened.org/content/irs-covers-reports-public-guardian...
Why bother calling this a capitalist country? There's less central planning in many that call themselves socialist. But without any of the social benefits that they get like guaranteed healthcare. All the extra sucking it up didn't get us anywhere. We're just as broke as they are.
Ah, we might not have all that free healthcare stuff you'd get in a 'socialist' economy... but instead, we get a mighty, glorious army spreading freedom 'round the globe. Yeah!
Causes- Globalization animation
Everyone is partying until the jobs dry up. Obama needs more (working) taxpayer redistribution to sustain things we cannot afford. Not rocket science, just his way to smooth over his thief mode.
We have some bad seeds in power. Most of the fear for change will take the back seat. Those ugly heads will rear themselves from hiding to protect a 20 year global plan. Watch & enjoy your popcorn. Winks.
Nice Animation. The Grand illusion by various Govts. Buy a farm and enjoy life.
Frank Marshall Davis Files
http://www.usasurvival.org/marshall.fbi.files.html
If Trump is buying...
I am running. I am on fire. I only hope Jim Grant and Ron Paul will piss me out.
@Chindit13
Lulz. Barney Frank: A blowhole that launched a thousand male escort services. Good to read you again in these pages.
Nice post and so true.
@Chindit13. brilliant Mr. Wodehouse.
I'm taking a time out for a few days - crazy and nuts over the past week:
http://arkadaba.blogspot.com/2011/08/up-north-again-and-good-memories.html
Unless your once daily meal comes out of a bag marked U.N. then things are still going pretty good, right?
Dont forget about MoneyMart where the smart money goes..
To qualify for a payday loan, minimum net pay requirements will apply and may vary by province. Other conditions may also apply. Ask a Money Mart Customer Service Representative (CSR) for details. Lowest Price Match [Ontario: The cost of borrowing at Money Mart is $19.50 per $100 per each $100 advanced. On a $300 loan for 14 days, the cost of borrowing is $58.50, with a total payback amount of $358.50. The maximum allowable cost of borrowing under payday loan agreements is $21 per each $100 advanced.] The APR on a $300 loan for 14 days in BC is 469.29% at Money Mart’s cash repayment rate of $18 per $100 borrowed, and 599.64% at the regular rate of $23 per $100 borrowed. In Alberta, Ontario and Nova Scotia, the APR on a $300 loan for 14 days is 508.39% on a rate of $19.50 per $100 borrowed. Money Mart Payday Loans are not available in Quebec and NewFoundland. Maximum loan amount in Saskatchewan is $1,000. BC Payday Loan Licence # 49832.
lemme guess, they have a bunch of locations right outside the reservations...oh look, you can get instant cash for gold too!
http://www.moneymart.ca/gold/index.html
Chindit13 - Thanks for the String of Pearls in your post. Glad to see you are a ZeroHedge contributor. I always enjoyed your world-wise comments. I look forward to more Chindit13 Pearls of Wisdom...kind of like a modern Confucius.
Thanks for the compliment. For the record, I am not a contributor. On occasion the Tylers are kind enough to indulge me with some space.
"Pamela Liebman, president of the Corcoran Group, said her firm had fielded a “huge” increase in inquiries from wealthy Chinese looking for luxury residential properties, “some in the $30-million-plus range.” -
http://www.nytimes.com/2011/08/11/nyregion/chinese-investment-grows-in-new-york-city.html
My take on this is China's ruling elite are preparing their own Plan B as we speak.
is it just me or does the ticker on cnbsw move way too fast? drinkin!
"The story of Jesus, the fish and loaves of bread is quaint, but it pales in comparison to what Europe can do."?
Smug atheists are not quaint. They are contemporary symptoms of a society that has lost its way. But there is always hope!
Thanks Chindit13! Maaaahvelous -- as usual.
thanks chindit. after reading the article + assorted comments, wondering what secures that man's bond and whether it is ever possible for that man to be free from it, especially when the man does not choose to ask for it, other than to be born in a certain time & place.
Superb piece of writing. This is my first reading of chindit13. Already copied and pasted some of it to the local rag...like they can even comprehend the words coming out of his mouth. Yes it's a labor of love, I know.
Worth readin, IMO:
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
I'M GONNA PUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SDR!!!!!!!!!!!!!!!!!!!
shnould i buy a bottle of french bonded something to help their gdp na!
I tried posting the following on HuffPost, in response to someone defending the "corporations are people" comment Romney made.Tried posting this comment in many different ways, changing words, etc. but the moderator would simply not allow me to post it. I could even post the fact that I couldn't post the comment, but never, ever, the comment itself or any form of it. What do you suppose the problem was?
"Corporations might be comprised of people, but those people already enjoy all the rights and privileges of personhood.
Our la.wless Supreme Court, in calling a corporation a "person", too, did nothing more than give that band/group/gang of people a little extra, privileged status - sort of like giving the Cr.ips and Bloo.ds an extra vote, just because they hang together."
Corporations aren't people. Soylent Green is people.
Started a little awkwardly, and had me wondering what happened to Chindit's usual eloquence, but ended rather well.
I doubt whether a transplanted Detroit would be hailed as an "economic miracle" in China. Maybe a place with "Growth potential", but not an economic miracle. Nobody is that insane.
It's a nice, if lukewarm reflection on the stuff the chattering classes fog the air with their halitosis.
or violence resulting from austerity imposed on the innocent and downtrodden (Ye Olde Victorian Option)
Chindit, if you're referring to the recent 'riots' in the UK (actually, outbreaks of roaming bands of burglars) you're out of your mind. These little twats are still all housed, 'educated', and fed by the State.
They weren't running around in rags snatching up loaves of bread to feed their starving siblings; they were stealing Blackberries and iPhones and the latest trainers... and no, not because they had no shoes on their feet already.
Chindit13,
Where have you been?!
DavidC
one world currency?
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