Guest Post: "Whatever It Takes"

Tyler Durden's picture

Submitted by Mike Krieger of KAM LP

Whatever it Takes

Oh the time will come up
When the winds will stop
And the breeze will cease to be breathin'
Like the stillness in the wind
Before the hurricane begins
The hour that the ship comes in.

And the sea will split
And the ships will hit
And the sands on the shoreline will be shaking
Then the tide will sound
And the waves will pound
And the morning will be breaking...

Oh the foes will rise
With the sleep still in their eyes
And they'll jerk from their beds and think they're dreamin'
But they'll pinch themselves and squeal
And they’ll know that it's for real
The hour that the ship comes in.

Then they'll raise their hands
Sayin' we'll meet all your demands
But we'll shout from the bow your days are numbered
- Bob Dylan, “When the Ship Comes In”

They’re selling postcards of the hanging
They’re painting the passports brown
The beauty parlor is filled with sailors
The circus is in town
Here comes the blind commissioner
They’ve got him in a trance
One hand is tied to the tight-rope walker
The other is in his pants
And the riot squad they’re restless
They need somewhere to go
As Lady and I look out tonight
From Desolation Row…
Now at midnight all the agents
And the superhuman crew
Come out and round up everyone
That knows more than they do
Then they bring them to the factory
Where the heart-attack machine
Is strapped across their shoulders
And then the kerosene
Is brought down from the castles
By insurance men who go
Check to see that nobody is escaping
To Desolation Row
Praise be to Nero’s Neptune
The Titanic sails at dawn
And everybody’s shouting
“Which Side Are You On?”
- Bob Dylan, “Desolation Row”

Whatever it Takes

Of the many lamentable things to have emerged from the financial crisis and the subsequent rape of the American public by Wall Street and their employees in Washington D.C. has been the emergence of catchy phrases used by the criminal elite class to sell us on our own servitude.  We know all about that horrid “Too Big To Fail” gimmick, the entire concept of which is anti-freedom and anti-capitalism but right up there on the list of irritating and dangerous statements is the constant use by central planners like The Bernank and Tiny Timmy Geithner that they would do “whatever it takes.”  Ah, but what does this mean.  Whatever it takes.  Let’s think about this for a second.  Whatever it takes to achieve what exactly?  They say to boost the economy but in reality when you look at what they really mean is “whatever it takes” to PRESERVE THE STATUS QUO.  A status quo that has not worked for the vast majority of Americans for decades and will not work for 99.9% of us going forward.  Key to preserving the status quo is the preservation of the financial and monetary system as it exists today. 

During 2008, traitors like Hank Paulson were able to con most of us by saying that we risked a destruction of the financial system as an excuse to give the banksters and their allies a blank check.  The con wasn’t in the notion that the financial system risked implosion as I believe that statement was most likely true.  The con was that since most Americans don’t have a clue how the financial system works they merely became scared and reflexively agreed in their own minds that “well of course the financial system must be saved.”  I on the other hand argue that the financial system is a ponzi scheme that enriches only the three enshrined parasite classes that dominate America today.  The TBTF Wall Street banks, the military industrial complex and the politicians and lobbyists in D.C. that line their pockets.  Everyone else gets sucked dry.  I have spent the last three years of my life writing about this so that people understand when the next major crisis happens who is to blame and more importantly I want to instill in people the courage to look outside of this immoral money system to something that can move us forward when this one gets dismantled.  I do not claim to have the answers I am just trying to get people to ask the right questions and get educated on how things operate.  We the People must own the debate or it will own us. 

Whether or not you agree with me that the financial system is not worth saving, the other key point I try to hammer home is that it doesn’t matter.  “Whatever it takes” has already failed.  This creates an extremely dangerous scenario became I am not convinced these clowns have a Plan B.  Just the statement ”whatever it takes” implies that these guys believe with 100% confidence that they can save the system.  So here we are, basically back in recession in the West and there is no Plan B.  What most people in the markets fail to understand is that the secular bear forces or what we can call a Kondratieff Winter has remained firmly in place this entire time.  All you need to do is look at the Dow Industrials in terms of gold. 

Dow/Gold Chart from 2003

As you can see from the chart above the downtrend of stock prices in real terms is completely intact and they have barely bounced since the low in March 2009.  In fact, although stocks did surge in real terms from the low in 2009 for the year as a whole they were still down 5% in real terms.  Even in 2009!  Then last year, stocks were 14% lower in terms of gold.  Finally, despite a brief rally early in 2011, stocks in terms of gold are down another 6% ytd.  The point is that “whatever is takes” has been as effective as me saying I am going to do “whatever it takes” to never die.  I can go grab a cracker jacks box and stand on it in the middle of the town square claiming I will do whatever it takes to prevent my death, yet I can promise you one thing; I will eventually drop dead.         

Judd Gregg       

Judd Gregg is an utter disgrace to Congress, the United States of America and humanity generally.  In case you weren’t aware, the former Senator from the state whose motto is “Live Free of Die” has signed on to work for the squid.  Yep, that’s right Goldman Sachs has rewarded Gregg for steadfast defense of the Federal Reserve and its bankster cabal by hiring him as a “international advisor” to the bank.  From the mouth of the squid: "Judd Gregg's experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth," said Lloyd Blankfein, Goldman's chairman and CEO.  This is how you get paid in America in 2011.  Story is here:  http://www.huffingtonpost.com/2011/05/27/judd-gregg-hired-by-goldm_n_868...

It’s funny because while many people thought Gregg was saying a lot of the right things a couple of years ago in the heat of the crisis I never trusted him and thought he was the epitome of a “fake conservative.”  He would obsessively and irrationally defend the “independence of the Fed.”  Now we know why.  He was doing as he was told to get a payout later.  I don’t know how this man wakes up in the morning and looks at himself in the mirror.  If there is any justice in the universe he is going to get it.  In this life or the next.  It matters not.

The SEC Just Killed Hedge Funds

Am I the only one that saw this yesterday and thinks it is huge?  “SEC commissioners voted 5-0 today to adopt a tracking system for firms that buy and sell at least 2 million shares a day or meet other volume standards. The system, initially proposed three weeks before the May 2010 crash that temporarily erased $862 billion in U.S. share value, aims to help guard against market abuse and manipulation.”  “The system, which would monitor firms that execute $20 million of equities a day or$200 million in a month, gives the SEC access to non-public data maintained by the traders’ broker-dealers, who would have to provide it upon request.  After the rule takes effect in about two months, about 400 large traders would have to identify themselves within 60 days and broker-dealers would have to begin maintaining transaction records within seven months, according to the SEC.”  Full article is here: http://www.bloomberg.com/news/2011-07-26/sec-weighs-system-to-seek-abuse...

I think this is absolutely huge on many, many levels.  First of all who wants to run a hedge fund in this environment?  You would almost have to be crazy.  They are drawing the line at $20 million trades a day?  That is supposed to be systemic?  No chance.  They just want to be able to see your every move.  Notice the trend of big time managers calling it quits and opening family offices instead.  That is the wave of the future and this will accelerate that process in a major way.  I happen to think George Soros is one of the most disingenuous people I have ever come across (just like Uncle Warren Buffet, both of whom want to shut down capitalism AFTER they make their fortunes like typical monopolists) but he is no fool.  Soros has decided to move to a family office structure as stated in their recent letter “We are writing to inform you of an important new development relating to regulations recently announced by the US Securities and Exchange Commission. As you may know, the new regulations will require certain private investment advisers to register with the SEC by March 2012. An exception to this requirement is available if an organization operates as a family office…An unfortunate consequence of these new circumstances is that we will no longer be able to manage assets for anyone other than a family client as defined under the regulations.”  Full letter is here:  http://online.wsj.com/public/resources/documents/Soros.pdf

Besides the effect mentioned above I think this will also lead to a flight of capital outside of financial assets first and then outside of the United States second.  This will be a major unintended consequence and it will cause huge issues.  I mean think about it.  If you are worth $100 million what are you going to do when you see this.  You will want to pull a lot of money out of your hedge fund investments and look to deploy it overseas in real assets.  You will go to Uruguay and say oh I’ll take that farm.  You will go to Zurich and say oh I will take that apartment.  You will get it as far away from the SEC and the maniacs running the United States as possible.  Of course you will also buy a lot of physical gold and silver. 

Back to Babylon

This is the last time you will hear from me for a while.  I will be making my way back to Babylon (NYC) next week for the first time since I moved out to Colorado.  I am have an extremely busy schedule and I really look forward to catching up with folks in the business I haven’t seen in a long time.  It will be great to be back and get a pulse on where people’s heads are at and just have some good old fashioned summer fun.  I will of course report on what I learn when I get back.  In the meantime…Raise Da Debt Ceiling!  http://www.youtube.com/watch?v=EoS52fVtVQM

See ya in few weeks.

Peace and wisdom,
Mike  

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pton09's picture

This clown voted for Obama and now he tries to act like an econ guru?

Why post his shit all the time?  Schiff, Rogers, Faber etc are far superior but they don't get much air time and this yuppy loser does? 

Nothing insightful

wang's picture
wang (not verified) pton09 Jul 28, 2011 1:11 PM

"Why do you post this shit all the time?"

 

nice knowing you pton09 - I suspect a Pton torpedo is headed towards your ZH account - it's not nice to be critical of your host in mixed company - if you don't like the content send Tyler an email but don't call him out after all this is the fight club and he makes the rules

Fukushima Sam's picture

It's okay to call Tyler out.  Like you said, it is fight club.  Tyler needs to punch and be punched like the rest of us.

TSA Thug's picture

Guest Posters are not Tylers. The whole paradigm changed. Guests are now considered Cornelius(non commercial) and Travus(commercial snake-oil sales) not Tylers so they are fair game.

Insult the Tyler and you will get a real pat down.(snaps his blue examination gloves and grins).

If you have been paying attention, the website is changing. Where is Marla? Beware space monkey's the book ended by the narrator's elimination of Tyler, allowing him to decide for himself how to determine his freedom.

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

Rodent Freikorps's picture

Don't you just hate when you are getting cavity searched and you notice a hand on each hip?

eureka's picture

RE  "If you are worth $100 million what are you going to do when you see this..." - AND -

RE  "getting cavity searched"

If you are worth $100 million, are you reading zerohedge? - and or posting comments on zerohedge?

If zerohedge is a "club"/community, it is, based on op and down arrow clicks, as evenly split and splintered and thus as helpless and cavernous as the rest of US society to do anything but observe from an already stiffened position - wherefore it hurts when the humiliating poke comes - which could all be avoided by simply taking a hammer to the non-melting-pot conglomerate, separating it into a number of independent nation states, each based on its own particular financial ideology - however, that might be too much freedom to handle and too much real examination of each ideology's inner capacity.

Enceladus's picture

Submitted by Mike Krieger of KAM LP

 

He wasn't calling Tyler out...

wang's picture
wang (not verified) Enceladus Jul 28, 2011 3:32 PM

I believe that the point of Ptons comment was that Krieger's article should not even see the light of day on the ZH site - and that is tantamount to calling out the editor.

DogSlime's picture

"This clown voted for Obama and now he tries to act like an econ guru?"

Ermmm... so by your logic if someone voted for Obama then any economic opinion they have is invalid?

Obama has certainly turned out to be piss-weak, but would McCain have been any better at this stage?

Seems like almost every politician these days is a shower of shit.  Would you therefore only respect someone's opinion if they refused to vote?

 

 

 

XenoFrog's picture

"if someone voted for Obama then any economic opinion they have is invalid?"

Not necessarily but it is a huge red flag that they're probably a keynsian douchebag.

MobBarley's picture

Awww I voted for Obama out of White Guilt and fear of that crazy guy they ran against him.

I'd be a tea partier if I wasn't so incredibly cynical about everything now.

I was telling everyone I could back in 2004 that Bush and Greenspan where going on a

crazy bank loan/housing inflation spree to falsely inflate a dying economy

and that the results would end badly, and that it served the NWO plan

to administrate an economically poor and divided world. Poor people

can be beaten (and killed) by police without fear of reprisal or outcry.

CHECK.

I think this is a setup to allow Obama to invoke Amendment 14 so

he can print free money and allow foodstamp to purchase Liquor

and Cigarettes and Pampers and Flavour Red Kool Aid.

 

 

Andy_Jackson_Jihad's picture

No purple-drank and waddymellons?  He's such an uncle tom sell-out.

DogSlime's picture

I would say possibly a keynsian douchebag.

Obama got a lot of mileage out of Bush's unpopularity.  The bailouts happened on Bush's watch (but would have happened under Obama too) and the Iraq stuff had pissed a lot of people off.

I don't believe everyone who voted for Obama did so because they were in agreement with his economic opinions.  Come to think of it, did he really make his position properly clear on where he stood regarding the economy before he was elected?  Shit... aside from the healthcare thing, did he make his position clear on anything?

WallStreetClassAction.com's picture

Oh, just STFU. So, by this logic, if you voted for the senile McCain and the trig-retarded Alaskan inbred, you have a valid economic opinion? Some of you people are so fukin stupid, I literally want to punch the stupidity out of you. Shyte!

Manthong's picture

"if someone voted for Obama then any economic opinion they have is invalid?"

 

                                                 Yes.

MobBarley's picture

You do know that many Republican CEO's voted for Obama?

 

It happened at Bohemian Grove, where your next President (Michelle Bachmann) is chosen for you.

 

pan-the-ist's picture

Funniest thing I've read all day.  I'm not sure what the Joke was, but Bachmann is always the punchline.

ZeroAffect's picture

So, according to you, Michelle Bachmann has her Grove on? Got any back-up info then let's see it.

Manthong's picture

Obama qualifications

 

1.    Very, very thin political resume

2.    Beneficiary of public largesse for education

3.    Never had an executive job in the private sector

4.    Advocated for sub-sub-prime home buyers

5.    Advocated for skyrocketing electricity prices via synthetic bankster market

6.    Close friend of Jeremiah “God Damn America” Wright

7.    Friend and associate of Bill “I Didn’t Bomb Enough” Ayers

8.    Muslim British Colonial Subject Alcoholic Killer father

9.    Known “Community Organizer”

WTF else do you do need to invalidate the judgment of some people?

I don’t like McCain at all but he was the lesser of two evils.

At least with McCain we would not have gotten Obamacare and likely a little less debt.

el Gallinazo's picture

Obama was a briliant move on the part of the bankstas.  Particularly his half black ethnic heritage.  McCann would have never gotten half this shit through Congress that Obama did.  There are still some well meaning prgressives that haven't figured out that he is a fascist crony corporatist in sheep's clothes.  Whichever mainstream candidate one votes for president is irrelevnt.  You think the Owners are careless enough not to keep all their bases covered?  Look at the shithead caviar socialists in Europe: G Pap, Blair, Socretes, Zapatero, etc.  All bought and paid for by the Owners.

gorillaonyourback's picture

very well said,,,,,,its sad more people dont see through all this shit,  all one has to do is look at argentina, greece, ireland, and a plethora of other examples past present and to come.  it is so fuckin sad that it has come to this, america will fall too.  only hope is our population has enough balls to fight for this country in the spirit of Andrew Jackson.  Andrew Jackson was by no means perfect but he did do one thing right.   "Rout you out, i will, you International Mother Fuckers"  that was a direct quote,,,,,,,,,right?

macholatte's picture

....but would McCain have been any better ...

 

and there you have it.

Garbage from the left and garbage from the right is still garbage.

 

"We are not content with negative obedience, nor even with the most abject submission. When finally you surrender to us, it must be of your own free will. We do not destroy the heretic because he resists us; so long as he resists us we never destroy him. We convert him, we capture his inner mind, we reshape him. We burn all evil and all illusion out of him; we bring him over to our side, not in appearance, but genuinely, heart and soul. We make him one of ourselves before we kill him. It is intolerable to us that an erroneous thought should exist anywhere in the world, however secret and powerless it may be. Even in the instance of death we cannot permit any deviation . . . we make the brain perfect before we blow it out."

-- George Orwell "1984"

 

Esso's picture

"Would you therefore only respect someone's opinion if they refused to vote?"

That's about the size of it.

You don't seriously think that in a country that won't allow you to decide what kind of lightbulb you're going to use, is going to let you decide who runs the country, do you?

A well medicated & dumbed-down populace, being necessary to the security of a Totalitarian State, the right of the sheople to pretend to vote shall not be infringed.

Sophist Economicus's picture

"This is the last time you will hear from me for a while"

This is the best news I heard all day! 

RockyRacoon's picture

Lemme see if I get what Mike says above....   He accuses the SEC of possibly actually doing its job, and that's a bad thing?   Hedge funds might get some scrutiny -- oh, no!   My view:  Either make the SEC do what it's supposed to do or dissolve the thing.   If there is to be regulation, let it be fair, honest, and across the board, not the haphazard hodge-podge of gotcha regulation that has been the SEC's history.   Soros is hated and is driven from the hedge fund world, but... but... er, is that bad, or good?   I'm confused.   Oh!  I see.   Driving Soros out is OK, but driving Mike out is bad.   Somewhere there has to be some sanity.   Mike can't pick and choose the winners/losers.   That is exactly what the Fed has been accused of.   Come on!

Having absolutely no dog in the fight, I don't own even one paper "asset" other than the fiat currency in my pocket, I could really care less.   It's just the convoluted logic and warped values that prompt me to write (the author's as well as my own).

gorillaonyourback's picture

nice dumbass comment, if anything critisize the guy for not understanding that there is no difference between elected democrats and republicans.  You are the problem within this fascist country, you bitch but have nuthin of value to say, only attacking your fellow financial slave.

wake up retard, this country is walking straight into a new world order where you will be controlled by the elite in this world, they will parade around so called dem and repubs with the sole purpose of keeping you fighting against each other over bullshit.

 

WallStreetClassAction.com's picture

right on dude, up vote. These left/right idiots is WHY we are this fkin situation in the first place.

traderjoe's picture

The entire debt-celing debate is to scare the American sheeple further into debt-slavery. 

Sovereign governments do NOT have to borrow money. See the United States Note - the longest running paper currency of our nation - that is issued directly from the Treasury without debt and without interest. I haven't heard a single pundit on the MSM advocate a default and a replacement of the FRN. Every single one of them wish for, pray for a compromise that leaves our debt intact. 

The debt is odious. The national interest is the grift, and debt-slavery of the people is the goal.

The people must repudiate. 

Spastica Rex's picture

++++++++++++++

Grifterment of the banks, by the banks, for the banks.

MachoMan's picture

Be careful what you wish for...  while repudiation is a reasonable alternative, the power needed for repudiation will not likely be given up without a fight...  and, presently, giving any additional powers to people who have proven time and again they they should be given no power...  is a dangerous thing and should be approached with the utmost of caution.

 

DosZap's picture

traderjoe,

Dead on, my argument for a long time.

Why pay for something we can do for little to nothing?.

Kennedy did this on his own, and it got him dead.Maybe that's the reason...........we do not hear more about it.

Manthong's picture

Silver was more volatile than anybody had imagined.

 

Oswald could have used silver bullets to better make the point.

Spirit Of Truth's picture

Yep.

What we need is some good ol' fashioned pitchforks and torches protests on Wall Street. Then fire the banksters:

http://thespiritoftruth.blogspot.com/2010/11/and-god-will-wipe-away-every-tear-from.html

And repudiate the debt:

http://www.washingtonsblog.com/2011/07/economics-professor-well-have-never.html

baby_BLYTHE's picture

agreed.

We can start by canceling our $1.6 trillion the FED owns by Simply giving them the finger and walking away.

If this bankrupts them or motivates Ben to violently draw down the money supply to intentionally cause a Depression (Like Nicholas Biddle did when Andrew Jackson vetoed the extension of the Second Bank's charter), so be it.

Life in American will be better without a Central Bank

slewie the pi-rat's picture

hey, b_B!

We can start by canceling our $1.6 trillion the FED owns by Simply giving them the finger and walking away.

i keep hoping we'll some details of how this action might proceed.  none yet?  [i'm keeping my fingerZ flexed!]

Silver Dreamer's picture

What is this, kindergarten?  The plan is simple.  We tell them to fuck off and stop making the interest payments.

slewie the pi-rat's picture

no.  your kindergarten class is across the hall.

Spirit Of Truth's picture

Seems to be the world is run amok w/Nicholas Biddles in this day and age:

http://en.wikipedia.org/wiki/Nicholas_Biddle_(banker)

Max Keiser has offered a solution:

http://www.youtube.com/watch?v=tOWsSRzSCmM

newbee's picture

" Federal Reserve Notes are backed by the assets of the Federal Reserve Banks, which serve as collateral under Federal Reserve Act Section 16. These assets are generally Treasuries which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called monetizing the debt. "

SRV - ES339's picture

I thought Sarah said we should refudiate?

Mad Cow's picture

Thanks traderjoe! Well said. This should be discussion #1 on ZH.

TSA Thug's picture

Maybe the "Guest" posts should show a little more respect for the very mechanics that finance their or their family members lifestyle.

In other words: live by the sword, die by the sword but do NOT insult the sword.

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

TruthInSunshine's picture

I had a dream last night that blends into this article.

Some may find it impossible, but I can't help that.

 

What if a credit rating default was being initiated intentionally, bitchez?

In other words, what if The Bernank really does believe a hike in rates is warranted to stem off building inflationary pressures, and the incumbent politicians desperately want to see inflation tamped down heading into the 2012 Election?

Despite criticism from the likes of Paul 'Let's Build A Money Hole, As A Shovel Ready Project, And Stuff It Full of Money' Krugman & William 'iPad2s are delicious and nutritious' Dudley, The Bernank has plausible deniability for interest rate hikes brought about by credit downgrades from completely competent (/sarc) credit rating agencies like Standard & Poors.

It's a thought, bitchez.

Thisson's picture

Not going to happen.  Central banks do not fear inflation; they can solve that in "15 minutes" if it gets too far.  What they fear is deflation, because deflation is the destruction of debt, and debt is their asset and our liability! 

jomama's picture

with all the theater around this latest debt ceiling extension, it wouldn't surprise me one bit it's no accident this time.

MassDecep's picture

Whatever happens, is intentional. That,,you can take to the Bank.

Silver Dreamer's picture

Any move by the banksters to allow further looting would not surprise me.  Who benefits most from higher interest rates after all, right?