• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Guest Post: As The World Crumbles: The ECB Spins, FED Smirks, And US Banks Pillage

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Tue, 11/22/2011 - 00:55 | 1901478 AUD
AUD's picture

Today, the stock prices of the largest US banks are about as low as they were in the early part of 2009, not because of euro-contagion or Super-committee super-incompetence (a useless distraction anyway) but because of the ongoing transparency void surrouding the biggest banks amidst their central-bank-covered risks

Maybe but what are these stock prices denominated in? Why, I thinks it is obligations of the most hopelessly overleveraged & insolvent banks of all - the central banks.

But who gives a shit? Nobody that's who, so what are you complaining about?

Tue, 11/22/2011 - 02:36 | 1901655 Michael
Michael's picture

At least the epic Chinese housing bubble bust should cure America of its China Envy.

Tue, 11/22/2011 - 00:55 | 1901479 jomama
jomama's picture

epic collapse, bitchez.

Tue, 11/22/2011 - 05:04 | 1901745 Andrew G
Andrew G's picture

And finally - the inevitable Hitler spoof on the Euro collapse: http://www.youtube.com/watch?v=29F50dGbfM8

Tue, 11/22/2011 - 07:09 | 1901806 The Reich
The Reich's picture

Best ever!!!

ROFL

 

Tue, 11/22/2011 - 00:56 | 1901480 Eireann go Brach
Eireann go Brach's picture

Fuck black Friday! Let's rename it blow up a fucking banker day!

Tue, 11/22/2011 - 01:48 | 1901582 gangland
gangland's picture

start with ? i got at least a 10-way first place tie....line 'em up. we can do ten every friday for a year. Jubilee!

Tue, 11/22/2011 - 02:38 | 1901654 Richard Chesler
Richard Chesler's picture

Turkey up 22% from last year.

Happy Thanksgiving dinner!

xoxo

Ben

http://theweek.com/article/index/221494/the-thanksgiving-dinner-inflatio...

Tue, 11/22/2011 - 04:08 | 1901719 stopcpdotcom
stopcpdotcom's picture

$21.57 for a 16-pound turkey this year?

In the UK a similar turkey would be about $140.

Phew!

 

Tue, 11/22/2011 - 04:37 | 1901731 Vlad Tepid
Vlad Tepid's picture

I guess that just means the Brits don't have the same warm spot for welfare millionaire farming-industrial complexes as red-blooded Americans.

Tue, 11/22/2011 - 07:55 | 1901835 BandGap
BandGap's picture

Could be that Britain doesn't have a lot of turkey farms, too.  Think about it.

Tue, 11/22/2011 - 06:49 | 1901801 achmachat
achmachat's picture

here in Luxembourg they've started to sell "thanksgiving" turkeys as well in the frozen aisles of the big supermarkets.

People have been watching so many US TV shows all these years that they've been brainwashed into thinking that eating turkey at that particular date is the normal thing to do.

And yes... a frozen turkey costs WAY more than $22 over here as well.

Tue, 11/22/2011 - 08:37 | 1901888 Scalaris
Scalaris's picture

Here in Cyprus we don't even celebrate thanksgiving -bar a small percentage affected by the past decades of rampant westernization surge- so I guess we mainly have roasts or steaks during "festive" meals. Then again we are quite an ungrateful bunch.

Not surprised to see the absurdities of the food pricing phenomenon is worldwide, thank god for the US exported inflation/EU destructive monetary policies/Southern European political incompetencies, and of course Goldman Sachs.

Happy thanksgiving everyone.

Tue, 11/22/2011 - 09:10 | 1901971 BrocilyBeef
BrocilyBeef's picture

Ahh, did your Pilgrims and Indians split a bowl of cranberries as well?

Tue, 11/22/2011 - 09:39 | 1902068 Scalaris
Scalaris's picture

Shit, we 've been occupied by Egyptians, Persians, Arabs, French, Italians, British and Turks since 10000 B.C. so I'm assuming it'd be something along the lines of brie and foie gras stuffed shrimp and lamb kebab wrapped with month old cured prosciutto with a side of mash and yorkshire pudding.

Tue, 11/22/2011 - 08:24 | 1901868 j0nx
j0nx's picture

$140 for a turkey?? Get the F out of here. Go shoot one yourself for $.080 (the cost of the shell) if that's true. ROFL @ $140 for a turkey...

Tue, 11/22/2011 - 09:54 | 1902132 Jimmy Carter wa...
Jimmy Carter was right's picture

turkey comes with free growth hormones for the kiddies

Tue, 11/22/2011 - 08:09 | 1901852 Schmuck Raker
Schmuck Raker's picture

"You can't eat turk......oh, wait?

Tue, 11/22/2011 - 01:04 | 1901505 PulauHantu29
PulauHantu29's picture

Deflationary Death Spiral.

40% unemployment.

$250 oil.

SuperStagflation.

Good luck!

Syonara.

 

 

Tue, 11/22/2011 - 01:05 | 1901508 JW n FL
JW n FL's picture

 

 

Uploaded by on Nov 21, 2011

From: http://www.youtube.com/user/ReutersVideo

November 21, 2011 - The United States has named Iran a "primary money laundering concern" as Treasury Secretary Timothy Geithner warns global banks should beware of doing business with Iran as it might aid its nuclear program. Rough Cut (no reporter narration).

http://www.youtube.com/watch?v=EvYHa4raAJA&feature=g-all&context=G1d4e0ALTsssmgAKAA

 

Tue, 11/22/2011 - 01:24 | 1901540 dr.charlemagne
dr.charlemagne's picture

Translation: Iran is going to be bombed, no TBTF exposure there please, we have enuf bad bet contagion already

Tue, 11/22/2011 - 03:36 | 1901697 Michael
Michael's picture

Thank God Iran has a shitload of UNSTOPPABLE missiles.

"IRAN WILL CLOSE THE STRATEGIC STRAIT OF HORMUZ THE WORLD'S VITAL OIL SUPPLY LINE BY IMPLEMENTING ASSYMATRIC NAVAL WARFARE WITH MASS AND DISPERSED SWARMING TACTICS. THE UNITED STATES NAVY AIRCRAFT CARRIERS AND CARRIER BATTLE GROUPS (NAVY FLEETS) WILL HAVE NO CHANCE. THEY ARE ALL DESTROYED JUST WITHIN A FEW MINUTES AFTER THE WAR STARTS. THE BEST OPTION FOR IRAN IS TO ATTACK FIRST. IRAN WILL USE VERY POWERFUL SUPERSONIC C802 ANTISHIP MISSILE (NOOR MISSILE) ATTACK FROM LAND BY USING SHORE BASED MISSILE BATTERIES AND MOBILE MISSILE LAUNCHER VEHICLES. C802 ANTISHIP MISSILE ATTACK FROM AIR BY USING C802 LOADED IRANIAN FIGHTER JETS AND ATTACK HELICOPTERS. IRAN WILL ALSO USE ITS MOST POWERFUL ULTRAFAST MISSILE BOATS LOADED WITH C802 MISSILE AND RUSSIAN MADE ULTRAFAST SHKVAL TORPEDO (IRAN HOOT TORPEDO) THIS SUPER TORPEDO IS SO FAST THAT IT IS CALLED A UNDER WATER MISSILE. IRAN WILL USE INNUMERABLE SMALL SUPERFAST SPEEDBOATS ARMED WITH POWERFUL ROCKET LAUNCHER AND POWERFUL SMALL ANTISHIP MISSILE IN MASS AND DISPERSED SWARMING STRATEGY. THE SLOW MOVING UNITED STATES AIR CRAFT CARRIER SHIP AND ITS SUPPORTING CRUISERS AND DESTROYERS ARE ATTACKED BY ALL SIDES FROM LAND, WATER AND AIR WITH INNUMERABLE SUPERSONIC ANTISHIP MISSILES, POWERFUL ROCKET LAUNCHERS AND UNSTOPPABLE SUPERCAVITATION SHKVAL (HOOT) TORPEDOS. IT IS JUST IMPOSSIBLE TO DEFEND FROM SUCH ALL SIDE ALL WAY ATTACK THE U.S.A. NAVY CARRIER BATTLE GROUP HAVE THE DEFENCE MEASURES SUCH AS THE RIM-116 Rolling Airframe Missile AND THE Phalanx CIWS SYSTEMS. FOR EXAMPLE IF TEN C802 ANTISHIP MISSILES ARE FIRED FROM LAND, AIR AND WATER TO ATTACK A U.S.A. NAVY SHIP AND SEVEN C802 MISSILES ARE INTERCEPTED OUT OF TEN AND ONLY THREE C802 MISSILE CAN HIT THAT NAVY SHIP TAHT WILL BE ALL. THE SHIP WILL BE COMPLETELY DESTROYED. AND THAT IS THE GAME IRAN WILL BE PLAYING. IRAN ALSO HAVE A SUFFICIENT NUMBER OF SMALL FAST SUBMARINES EQUIPPED WITH THAT UNSTOPPABLE SHKVAL SUPERCAVITATION TORPEDOS AND VERY POWERFUL LATEST GENERATION INNUMERABLE "BOTTOM" NAVAL MINES. INFACT THE NAVAL MINE CAPABILITIES OF IRAN'S MISSILE BOATS, SMALL SPEEDBOATS AND SMALL SUBMARINES IS MORE THAN ENOUGH FOR COMPLETELY BLOCKING THE STRATEGIC STRAIT OF HORMUZ FOR YEARS AND THAT IS THE GAME. --------------------------------------------------------------------------------­--------------------------------------------------------------------------------­------ AND NOW THE GRAND FINALE EVENT -------- THE ULTIMATE U.S.A. CARRIER KILLER WEAPON FOR IRAN TO KISS THE ASS OF U.S.A. NAVY CARRIER BATTLE GROUP ------- THE SUPERSONIC STEALTH UNINTERCEPTABLE SOLID FUEL ANTISHIP BALLISTIC MISSILE ----- """"" PERSIAN GULF MISSILE """""" -------- THE SUPER WEAPON OF IRAN. ----------- JUST FIRE "THREE" PERSIAN GULF MISSILE FOR EVERY SINGLE NAVY SHIPS OF THE U.S.A. NAVY ""5 TH FLEET"" AND THATS IT. ---------- PERHAPS 15 PERSIAN GULF MISSILE FOR THE BIG BOSS SHIP -- "AIRCRAFT CARRIER SHIP" -- ALONE. --------- THE U.S.A. 5 TH FLEET IS JUST SITTING DUCK FOR IRAN TO KISS THE ASS."

IRAN NAVY POWERFUL ANTISHIP MISSILE FOR STRAIT OF HORMUZ BLOCK WAR

http://www.youtube.com/watch?v=-41OyuzSyKw

Tue, 11/22/2011 - 04:59 | 1901744 Vlad Tepid
Vlad Tepid's picture

No need for caps.  And, no offense, but whatever it is you're quoting from sounds like a breathless Iranian propaganda organ.

You'll notice, in the STRATFOR updates that TD provides, that carrier battle groups rarely enter the Straits of Hormuz.  In the prelude to war they will certainly not be found there.  No need for the Iranian "superweapons" you mentioned...older Exocet's could just as easily close the Strait and it's tankers and merchant ships that would be Iran's trump card in a war, not carriers.  Most of their weapons are export versions of Soviet weapons, including the Shkval torpedo.  However capable they might have been in the hands of the Soviet Navy, the Iranian Navy are not the Soviets and the Persians would be wise not to rely on the strength of their sea-faring tradition.

That having been said, they would shut down the Strait, wreak havoc in the world oil and shipping markets, probably obliterate the 5th Fleet HQ (stupidly based in Bahrain instead of Diego Garcia) and might take out some escorting US warships like the Iraqis did (using Exocets) in the Iran-Iraq War.  But the naval war will not be theirs.  Within days, their naval infrastructure, ships, and logistics will be a smoking ruin, but the Gulf will still be held hostage by a few mobile SSM launchers hidden in caves or underground along the coast.  Iran will win if they can draw the US (and whichever hapless "coalition" members join) into a ground war in the country.  

The war will indeed go asymmetric, but I expect direct or proxy terrorist events will be the main show of asymmetric force, not a bevy of littoral and suicide craft. Those will be a one time thing.

 

Tue, 11/22/2011 - 05:11 | 1901747 Michael
Michael's picture

Their missiles are not for American ships necessarily, their for places like Dimona.

Tue, 11/22/2011 - 06:34 | 1901791 LeBalance
LeBalance's picture

my iMIC is bigger than your iMIC!

whose iMIC will sell to both sides?

we can paint this iMIC blue and that iMIC red and have those "so different" iMICs sell to each side.

profit: chaos: distraction from iBANK iLeeches: multi-WIN.

:)

Tue, 11/22/2011 - 05:41 | 1901762 Popo
Popo's picture

Silly Iranian propaganda.  First off,  carriers won't enter the straits.   The entire Iranian port infrastructure would be taken offline in the first 3 hours anyway -- along with principal bridges and airports.    Communications infrastructure shortly thereafter.     

And as for your "supercavitation torps"... just LOL.

Oil of course, will shoot the moon.

Tue, 11/22/2011 - 04:06 | 1901716 vnguru
vnguru's picture

You are right! I afraid that Obama will let his sodiers attract Iran soon. I don't know what will happen after all. However, many people will be put down. Poor him! Viec Lam Dong Nai & Viec Lam Vinh Phuc are two of my friends, they live in Iran now. They work in  a futures trading company. They also give advices in forex trading. However, if the ward uccur, the company will closed. 

Tue, 11/22/2011 - 04:10 | 1901721 Michael
Michael's picture

Cheer up.

Credit default swamp land for sale.

Say that ten times fast.

Tue, 11/22/2011 - 01:17 | 1901522 tickhound
tickhound's picture

Does Frederick even know Sam is fucking Marie?  He acts like he doesn't know.  Tommy knows... he's weird.  And i don't trust that Tera chick 100%... There's somethin' else goin' on here, you can tell.  I hope nobody dies...   

Tue, 11/22/2011 - 01:24 | 1901538 Peter K
Peter K's picture

"Because US banks catalyzed the global crisis that is currently manifesting itself in Europe."

Huu????????????? What movie are you watching?

Or maybe the proper question should be: Assclown Ratigan, is that you?

Tue, 11/22/2011 - 02:30 | 1901618 CompassionateFascist
CompassionateFascist's picture

NP is not bullseye, but somewhere on target. After all, she used to be a wheel at the Squid. Plays both sides, in series: @ http://seductivejewess.wordpress.com/type-iii76-nomi-sarah-prins-jewess/ 

Tue, 11/22/2011 - 01:27 | 1901545 lolmao500
lolmao500's picture

Americans are too busy playing Skyrim and watching Twilight to care.

Tue, 11/22/2011 - 01:53 | 1901592 Dr. Engali
Dr. Engali's picture

No our wives are watching Twilight, it's too unbearable for me. I'd rather have a beer with Obummer , a black professor , and a police officer for the whole nation to watch, than watch Twilight.

I take that back. At least after the movie I have a chance of getting laid, instead of getting screwed after the beer.

Tue, 11/22/2011 - 03:53 | 1901707 hardcleareye
hardcleareye's picture

 Not all wives, I believe Nomi is married....

Tue, 11/22/2011 - 05:58 | 1901767 jeff montanye
jeff montanye's picture

i mean really.  what a pack of bozos.

Tue, 11/22/2011 - 01:28 | 1901547 SHEEPFUKKER
SHEEPFUKKER's picture

It's more like a horror show than soap opera. 

Tue, 11/22/2011 - 01:33 | 1901554 TruthInSunshine
TruthInSunshine's picture

The Bernank is reading this tonight - I have a feeling - and his lip is quivering and he is suffering nervous facial ticks and twitches.

The Ben '15 Minutes-Transitory-ZIRP4evercure-GreenShoots' Bernank is a failure of a central banker, economist, economic forecaster and human:

Ben Bernanke Forecasting the Future Back in 2005 (You Have To Watch This)
Tue, 11/22/2011 - 06:39 | 1901796 LeBalance
LeBalance's picture

oh, and his bosses are?  and their orders to him are?

please gauge a man's success on his "truth in sunshine" job goals, not on some illusion of what you think his yearly review is about.

Tue, 11/22/2011 - 07:39 | 1901824 GenXer
GenXer's picture

Gold was scrolling at 640 on one of those clips. That would be some tasty buying. Ben is a shill.

Tue, 11/22/2011 - 01:38 | 1901565 Dr. Engali
Dr. Engali's picture

I do not understand why people aren't storming the gates. Maybe they have just grown numb to it all and it's become part of the norm to them.

Tue, 11/22/2011 - 02:15 | 1901623 Mike2756
Mike2756's picture

The majority haven't a clue.

Tue, 11/22/2011 - 02:45 | 1901660 dwdollar
dwdollar's picture

It doesn't take a majority, only a minority. The problem is, the minority hasn't got the balls yet. The ones who do have the balls are just labeled as 'crazies' and off they go to jail.

Tue, 11/22/2011 - 06:04 | 1901770 jeff montanye
jeff montanye's picture

it will take more pain.  freedom sometimes is nothing left to lose.  it's coming.  the first banker/politician kidnapping/torture/assassination will probably get their attention.  not that i recommend that.  

i wonder what corzine's personal security detail looks like.  i'd be a bit leery of patronizing prostitutes at this stage.

Tue, 11/22/2011 - 02:45 | 1901663 Michael
Michael's picture

I think it's best if they don't know. It's so much more entertaining to watch their clueless surprise as the shit falls apart.

Tue, 11/22/2011 - 02:25 | 1901637 Sedaeng
Sedaeng's picture

or maybe the govt has upped the fluoridation in the drinking water to make the citizenry more docile... just saying, maybe?

http://www.fluoridedebate.com/Download/fluoridedebate.pdf

Tue, 11/22/2011 - 03:51 | 1901704 oldman
oldman's picture

Doc,

You know damned well why they are not. Read the comments above and those that follow, and your knowledge about how moronic even the majority of readers today on ZH are will be confirmed.

We are too stupid, arrogant, ignorant, and egocentric to survive. This can be blamed on many things but it still is each of us who tolerates the constant personal attacks and abuse that is responsible for saying 'no more!'. We are idiots and it is time to begin accepting responsibility for this shitty house we live in: "Clean it up, you pigs!" is what needs to be screamed out loud.

Look at how many denigrating comments there are daily here about the Occupiers of Wall Street; the only people in the street----for whatever their individual reasons---are still the only ones in the street except for the bankers dogs.

If this offends anyone here, I apologize because this not a 'personal' comment about any one of us, but an honest frustrated emotional response to a nation full of whiners and ignorant individualists who deserve the shitty house in which we live.

I leave tonight for a few months because 'Love it or leave it' is becoming the hit song, once again       om

Tue, 11/22/2011 - 06:07 | 1901773 jeff montanye
jeff montanye's picture

good thoughts.  ron paul should be the candidate for ows and the teaparty.

Tue, 11/22/2011 - 08:13 | 1901855 dcb
dcb's picture

I have reached the conclusion that there are paid trolls who post. some conservative pac owned by koch or murdock sends folks round to attack ows, or other posts. it keeps the masses confused when you see different sides, and as long as there is confusion the money adgenda can advance more easily. think global warming.

Tue, 11/22/2011 - 01:39 | 1901566 SilverDoctors
SilverDoctors's picture

The Morgue's world might be about to crumble...not sure about ours. 
Sprott Asset Management has filed a prospectus with the SEC for a $1.5 billion unit follow-on for PSLV.  
We're talking nearly 50 million ounces of PHYZZ people!!

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