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It Is A Strange World We Inhabit

Tyler Durden's picture


Seth Klarman sums up everything:

"The market roller coaster of 2012 continues. Speedy ascents. Sudden plummets. Unexpected twists and turns. Gut-wrenching volatility, only to end up where you began."


"It is a strange world we inhabit. One where economies remain extremely depressed yet almost no companies go bankrupt, while low interest rates encourage holders of capital to speculate. One where global turmoil mounts while the world passively watches. One where nearly every member of Congress will insist that we need to rein in deficit spending, while collectively Congress accomplishes virtually nothing. It would be absurdly funny if it weren’t so incredibly tragic."

Source: Baupost Q2 Letter


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Sun, 08/12/2012 - 17:09 | 2699254 Mongo
Mongo's picture

In the land of the blind, the one-eyed is king

Sun, 08/12/2012 - 17:15 | 2699267 graneros
graneros's picture

the one-eyed man is king   Fixed it.

Sun, 08/12/2012 - 17:22 | 2699284 Doña K
Doña K's picture

I think mongo left a window for a queen king.

Sun, 08/12/2012 - 17:32 | 2699304 francis_sawyer
francis_sawyer's picture

In the land of the one eyed monster... [insert tag line here]...

Sun, 08/12/2012 - 17:50 | 2699332 illyia
illyia's picture

Fight Club is king.

Sun, 08/12/2012 - 18:57 | 2699452 AldousHuxley
AldousHuxley's picture

it is only strange if you belive that you are somehow normal and normal is what the world should be.

Truth is much more stark. That's why we have religion, politics, intellectuals, entertainers to brainwash us into believing that somehow our lives are normal and perhaps even good.


well sorry to disappoint...


This is how the US government worked almost 100 years ago:


This is how the most powerful government works today:



Sun, 08/12/2012 - 20:36 | 2699718 CompassionateFascist
CompassionateFascist's picture

1939? HollywoodJew Frank Capra? Aside from a few truthtellers like Lindbergh, it was as corrupt then as it is now.

Sun, 08/12/2012 - 22:34 | 2699957 Thomas
Thomas's picture

When Clinton was president, the one-eyed trouser snake was king.

Mon, 08/13/2012 - 04:02 | 2700285 ebworthen
ebworthen's picture

No one expects the one-eyed viper!

Sun, 08/12/2012 - 17:53 | 2699333 Muppet of the U...
Muppet of the Universe's picture

called long soy over corn later in the year, chop up to 13000+, long oil @ 80, short oil at 92.50, long oil at 87, long gold silver pattern playing, Short KCG, lol. Long vix short Tvix.  One eyed monsters win.  Lookin for uvxy reverse split maybe?

Sun, 08/12/2012 - 18:09 | 2699368 max2205
max2205's picture

MFG went bankrupt

Sun, 08/12/2012 - 18:14 | 2699380 Muppet of the U...
Muppet of the Universe's picture


Sun, 08/12/2012 - 18:24 | 2699393 MsCreant
MsCreant's picture

Who holds your money for you Muppet Cakes?

She take my money when I'm in need
Yeah she's a trifling friend indeed
Oh she's a gold digger way over town
That dig's on me

(Kanye West)

Sun, 08/12/2012 - 18:45 | 2699403 Muppet of the U...
Muppet of the Universe's picture

my money is diversified across 3 clearing firms and 4 brokerages.  diversify bitches- zero hedge.

<--- so mad

Sun, 08/12/2012 - 18:53 | 2699443 A Nanny Moose
A Nanny Moose's picture

Doesn't matter. It's as if Charles realy is in charge....

When I get to the bottom I go back to the top of the slide
Where I stop and I turn and I go for a ride
Till I get to the bottom and I see you again.


Sun, 08/12/2012 - 18:58 | 2699450 Muppet of the U...
Muppet of the Universe's picture

yea yea, all you technical stock traders lost money cause the stupid game you were playing could be played 10X better by bots.  Keep telling yourself fundamentals don't matter. Meanwhile I'll be buying BDSI @ 2 bucks and Shorting Znga from 13 and fatboy from 31.

Sun, 08/12/2012 - 21:23 | 2699841 francis_sawyer
francis_sawyer's picture

 "Charlie don't surf"!

...all your electronic fiats are belong to us...

Sun, 08/12/2012 - 19:02 | 2699459 nmewn
nmewn's picture

Not enough has been said about Covington & Burling or Morrison & Foerester.

Pretty apparent when law makers can slip into a different role as law enforcer simply by changing hats...and then so easily slide back into the abyss of law breaker that something is deeply flawed.

There was a time (in the not to distant past) the words "conflict of interest" meant something.

Sun, 08/12/2012 - 23:08 | 2700012 RockyRacoon
RockyRacoon's picture

Good one.  Nice reminder of the details.

Mon, 08/13/2012 - 01:04 | 2700170 LMAOLORI
LMAOLORI's picture



"Not enough has been said about Covington & Burling or Morrison & Foerester."


Do you know that same firm was around for the Pecora Investigations


The Justice Department’s MF Global Scandal Dates to 1932



Remember this?  

BREAKING: Pelosi Calls For Pecora Commission

What we got instead from Dear Madam

Wall Street’s Collapse To Be Mystery Forever

and this

CONVICTED: Bush 1300+, Clinton 1000+, Obama 0.0 (+/-)

Sun, 08/12/2012 - 18:23 | 2699394 Drachma
Drachma's picture

Odysseus is bukaked.

Sun, 08/12/2012 - 21:05 | 2699801 JohnKozac
JohnKozac's picture

Indeed, 'tis "a strange world" out there. My neighbor's son graduated with a BA in basket weaving and already has 6 job offers -- so it ain't so bad:

1. McD's;

2. Sam Walton's enterprise, Walmart;

3. Wendy's;

4. the Colonel's restaurant;

5. Popeye's; and, finally,

6. the Dollar Store.

He's not worried about his $36,750 gubberment loans... he says  he expects Ob*ma will take care of it.

Strange world these days.....strange.....

Mon, 08/13/2012 - 06:20 | 2700350 AldousHuxley
AldousHuxley's picture

must be in arizona.


elsewhere, those jobs go to illegals for cash.

Sun, 08/12/2012 - 18:45 | 2699430 disabledvet
disabledvet's picture

Maybe he meant "the brown eye." he is Mongo after all...

Sun, 08/12/2012 - 19:24 | 2699532 This just in
This just in's picture

In the land of the blind, the Queen King slays the one eyed trouser serpent.

Sun, 08/12/2012 - 17:25 | 2699293 Mongo
Mongo's picture

The age of men is over, the time of the bankster has come

Sun, 08/12/2012 - 17:45 | 2699327 Stuck on Zero
Stuck on Zero's picture

Time to leave Middle Earth.


Sun, 08/12/2012 - 18:41 | 2699421 resurger
resurger's picture

It's so fucking funny, i read on daily bail that the DOJ during:

Bush administration it prosecuted: 1,300

Clinton administration it prosecuted: 1,000

Obama administration it prosecuted: Nada

Louis XIV, Bitchez

Sun, 08/12/2012 - 17:36 | 2699311 icanhasbailout
icanhasbailout's picture

they're all snakes, which would make the one-eyed snake king... that matches the empirical evidence precisely

Sun, 08/12/2012 - 18:15 | 2699383 eddiebe
eddiebe's picture

The one eyed monk is king.

Sun, 08/12/2012 - 18:51 | 2699440 mick68
mick68's picture

"In the last days men will surround themselves with teachers who tickle their ears with lies."


Leaders lie continually and the people love the lies, so much more fun than the truth......until it all comes crashing in.

Sun, 08/12/2012 - 17:13 | 2699259 hedgeisforpussies
hedgeisforpussies's picture

nothing different this time.

Sun, 08/12/2012 - 17:13 | 2699261 kornholio
kornholio's picture


Sun, 08/12/2012 - 17:17 | 2699269 LawsofPhysics
LawsofPhysics's picture

Peak cognative dissonance. He does realize that volitility is a day traders wet dream right?

Sun, 08/12/2012 - 17:17 | 2699274 There is No Spoon
There is No Spoon's picture

peak hysteresis

Sun, 08/12/2012 - 17:59 | 2699349 CH1
CH1's picture

Peak obedience.

Sun, 08/12/2012 - 18:52 | 2699442 Muppet of the U...
Muppet of the Universe's picture

but still not quite peak rape...

Sun, 08/12/2012 - 17:31 | 2699302 Tinky
Tinky's picture

No, that nuance escaped Klarman's unsophisticated eye.

Sun, 08/12/2012 - 18:35 | 2699411 Cognitive Dissonance
Cognitive Dissonance's picture

You rang?

The funny thing is that Cognitive Dissonance can never peak, just die a horrible death at the hands of reality or mental breakdown.......whichever comes first.

Mon, 08/13/2012 - 00:00 | 2700093 AlaricBalth
AlaricBalth's picture

"Does not compute!" ***BOOM***

Sun, 08/12/2012 - 17:16 | 2699271 booboo
booboo's picture

and the toothless carney running the Splatterhorn ride and looking up your moms dress is named Ben Shalom. Let me off.

Sun, 08/12/2012 - 17:17 | 2699273 franzpick
franzpick's picture

Members of congress, and the administration, swim daily in the Sea of Knowledge, emerging completely dry...

Sun, 08/12/2012 - 22:30 | 2699948 Anusocracy
Anusocracy's picture

They can't think outside their box and their box is empty.

Sun, 08/12/2012 - 17:18 | 2699275 luna_man
luna_man's picture



And what else...Can't wait to vote in the next CRIMINAL!

Sun, 08/12/2012 - 18:12 | 2699378 grid-b-gone
grid-b-gone's picture

The standard $8 million presidential book deal may not be worth the bother for one who already makes that much in five months, so either the price goes way up or we get a ghost-written instant number one that even he will not have read.  

Sun, 08/12/2012 - 17:18 | 2699276 gwar5
gwar5's picture

Perhaps it's not strange at all, just new to the West. The Soviet Union managed to do such things for 70 years before finally collapsing. It's what happens when the economy is all fake and everything is manipulated and manufactured.


"The worst part of living under communism is living a lie."  -- Alexandr Solzhenitsyn

Sun, 08/12/2012 - 17:44 | 2699323 Ungaro
Ungaro's picture

We live in a much faster world. Instead of a Soviet-style 5-year plan (which is always surpassed), we have 100-day plans (watch for it come Jan. 20). At this rate, a 70-year collapse should only take 18.26 years... Kondratiev, eat your heart out.

Sun, 08/12/2012 - 18:06 | 2699362 Umh
Umh's picture

There is always a reason that it is different this time.

Sun, 08/12/2012 - 19:24 | 2699526 gwar5
gwar5's picture

Excellent point. Certainly explains the daily quickening of death rattles.


Sun, 08/12/2012 - 18:21 | 2699391 grid-b-gone
grid-b-gone's picture

The difference is, in the U.S. workers still need to show up sober to keep their jobs.

Sun, 08/12/2012 - 19:06 | 2699473 slewie the pi-rat
slewie the pi-rat's picture

them ain't workers!

workers need to show up sober enuf to start their jobs and the future's so bright, we all wear shades

h/t to wayne&garth in basement

Sun, 08/12/2012 - 17:20 | 2699280 toady
toady's picture

Yeah, but what are you going to do...

Peak complacency.

Sun, 08/12/2012 - 17:26 | 2699297 A Lunatic
A Lunatic's picture

Yeah, But what are you going to do? Get off your asses..........

Sun, 08/12/2012 - 22:31 | 2699952 bunnyswanson
bunnyswanson's picture


You people are amazing.  You sit and complain at your keyboards.  "No one will do anything but complain."  All the while, for the past year, the Americans are out there, getting beaten and arrested.

You baby boomers are the cause of this mess.  Yes, it happened on YOUR WATCH.  Get out of your comfort zone and stop complaining about other people "doing nothing." 

50000 people marched across a goddam bridge. 

Sun, 08/12/2012 - 17:25 | 2699287 Zola
Zola's picture

"The money will go into channels which will carry it, not the most productive, but to the most corrupt,. By the standards of our time , the man who has the least to offer is the man who wins. That money will vanish in projects such as the San Sebastian Mines" -Francisco d'Anconia

"Rearden coud understand digust for any one thing, and he could fight that thing with the healthy indignation of knowing that it did not belong in the world, but this was new to him- this feeling that the world was a loathsome place where he did not want to belong [...] man's life was purposeful motion; what was the state of a being to whom purpose and motion were denied , a being held in chains but left to breathe and to see all the magnificence of the possibilities he could have reached, left to scream : WHY ? and to be shown the muzzle of a gun as sole explanation..." 


Excerpts from Atlas Shrugged.

The US election is proving without a shadow of a doubt that the time has come to discard hope for the sheeps to take meaningful action before the collapse and the motor of the world will have to be stopped. Ron Paul was the last stop before failure. 

Sun, 08/12/2012 - 18:18 | 2699386 OldPossum
OldPossum's picture


Appropriate Ayn Rand quote...

The Occuppy movement is trying to make people aware of the situation, but apparently to no avail. For those of you who speak German, here's an excellent song by Reinhard May called "Das Narrenschiff":


Der Steuermann lügt, der Kapitän ist betrunken, / der Maschinist in dumpfe Lethargie versunken, /die Mannschaftleuter meineigene Halunken, / der Funker zu feige SOS zu Funken / Klbautermann führt das Narrenschiff / volle Fahrt voraus -- und Kurs aufs Riff!"

The helmsman lies, the captain is drunk / the engenee is in dank lethargy /the crew a bunch of scheming hooligans / the radio operator too coward to send an SOS / hobgoblin leads the ship of fools / full speed ahead, towatrds the reef!


Sun, 08/12/2012 - 19:13 | 2699498 JR
JR's picture

Like Shaw once warned the English:

“The captain is in his bunk, drinking bottled ditchwater; and the crew is gambling in the forecastle.  She will strike and sink and split.  Do you think the laws of God will be suspended in favor of England because you were born in it?”

And when one is discussing American exceptionalism, one must not forget her high crimes.

Mon, 08/13/2012 - 05:53 | 2700335 BeetleBailey
BeetleBailey's picture

"There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What's there in that for anyone?

But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that's the system, Mr. Reardon, that's the game, and once you understand it, you'll be much easier to deal with."

Ayn Rand - "Atlas Shrugged"

Sun, 08/12/2012 - 19:33 | 2699560 gwar5
gwar5's picture

Jamie Dimon: "Of course it's all my money. I paid Congress for it, fair and square."


From the Book of Imaginary Quotes We Never Heard (Only because we are not flys on walls) 


Sun, 08/12/2012 - 17:26 | 2699294 not fat not stupid
not fat not stupid's picture

The glass is half bull.

Sun, 08/12/2012 - 18:55 | 2699448 MsCreant
MsCreant's picture

And the other half is empty. Nice.

Sun, 08/12/2012 - 17:32 | 2699305 Fix It Again Timmy
Fix It Again Timmy's picture

Clueless Americans are living in a Potemkin villiage as slaves while on the hilltop, the Oligarchs amusedly look down from their mansions.  "Knowledge Makes A Man Unfit To Be A Slave" - Frederick Douglass

Sun, 08/12/2012 - 19:26 | 2699541 slewie the pi-rat
slewie the pi-rat's picture

i'm so fuked up i'm @ 101 potemkin wondering what the po'folk r doin...

 i think the oligarchs start another block up btw and they are always slaving away one would hope b/c the hood would go to hell in a handbasket fast if they weren't keeping the checks in the mail and the working serfs employed...

...or in school of course...

Sun, 08/12/2012 - 17:33 | 2699307 analyzer_66
analyzer_66's picture

all thanks to "marked to market accounting"-  or lack thereof

why should companies (banks) have to value the assets they hold at today's value when they can inflate their balance sheet with the original purchase price of the assets , which in turn makes financial analysis all but impossible, which further skews the price of any publicly traded company's share price

what would happen if all the TBTF banks were forced at open of business tomorrow to fairly value all the assets they hold, including those held off balance sheet as level II and III assets ?  would the stock market crash ? would the fed print even more money to prop the whole mess back up or dump more money into the big banks to prop the stock market up?

the plunge protection team would have a huge task on its hands all the way to the election.

Sun, 08/12/2012 - 18:55 | 2699447 Henry Hub
Henry Hub's picture

Apparently if JPM did a mark to market today, its net asset value would be -16 billion.

"Jamie Dimon just admitted to the world that JPM is mis-marking assets to the tune of $150 billion."

Sun, 08/12/2012 - 19:37 | 2699573 slewie the pi-rat
slewie the pi-rat's picture

we all know and love jamie for the cuff links, but here he seems to be channeling jrSoprano, possibly, like uncleJunior himself, as a legal defense

maybe he has junior's atty? 

Sun, 08/12/2012 - 17:40 | 2699318 orangegeek
orangegeek's picture

I went to the country just the other day
To see my Uncle Bill and sorta pass the time away
I asked him how he'd been since at last I'd passed his way
He rubbed his chin and here's what he had to say

My wife's been sick and the young'ns too and I'm durn near down with the flu
The cow's gone dry and the hens won't lay but we're still a livin' so everything's okay

The hogs took the cholera and they've all done died
The bees got mad and they left the hive
The weevils got the corn and the rain rotted the hay
But we're still a livin' so everything's okay
The porch rotted down that's more expense
The durned old mule he tore down the fence
The mortage is due and I can't pay but we're still a livin' so everything's okay

The cow broke in the field and ate up the beans
The durn rabbits they got the turnip greens
And my mainlaw just moved in to stay but we're still a livin' so everything's okay

My land's so poor so hard and yeller
You have to sit on a sack of fertilizer to raise an umbrella
And it rains out here nearly every day but we're still a livin' so everything's okay

The well's gone dry and I have to tote the water
Up from the spring about a mile and a quarter
My helper he quit for lack of pay but we're still a livin' so everything's okay

The house it leaks it needs a new top when it rains it wets everything we got
The chimney fell down just the other day but we're still a livin' so everything's okay

The corn meals gone and the meat's run out
Got nothin' to kill to put in the smokehouse
The preacher's comin' sunday - to spend the day
But - we're still a-livin' - so ever'thing's okay.

The canned stuff's spoiled - else the jar's got broke
And all we got left is one old billy goat
We're gonna have a new baby about the first of may
But - we're still a-livin' - so ever'thing's okay.

My crop it rotted - in the ground
I asked for another loan but the banker turned me down
But - we're still a-livin' and we're prayin' for better days
So - after all, ever'thing's in purty good shape.

Sun, 08/12/2012 - 19:03 | 2699463 Henry Hub
Henry Hub's picture

"Honey we'll be alright"

Bruce Springsteen "Jack of All Trades"

Sun, 08/12/2012 - 17:44 | 2699325 Essential Nexus
Essential Nexus's picture

Is it wrong if I find it extremely funny anyway?

Sun, 08/12/2012 - 17:45 | 2699329 Headbanger
Headbanger's picture

Go ask Alice

Sun, 08/12/2012 - 17:51 | 2699336 GOLDTEETHSILVER...

You think she'll know?

Sun, 08/12/2012 - 18:31 | 2699404 MsCreant
MsCreant's picture

Jefferson Airplane for all us ZH Bitchez. Sing it Gracie:

One pill makes you larger
And one pill makes you small
And the ones that mother gives you
Don't do anything at all
Go ask Alice
When she’s ten feet tall

And if you go chasing rabbits
And you know you're going to fall
Tell them a hookah smoking caterpillar has given you the call
Call Alice 
When she was just small

When the men on the chess board 
get up and tell you where to go
And you just had some kind of mushroom
And your mind is moving slow
Go ask Alice
I think she'll know

When logic and proportion
Have fallen sloppy dead
And the white knight is talking backwards
And the Red Queen's "Off with her head!"
Remember what the dormouse said

Feed your head
Feed your head

Sun, 08/12/2012 - 20:15 | 2699658 NuckingFuts
NuckingFuts's picture


My head is well fed. I think TPTB could use a little time with the catipiller.

Better living through chemistry bitches.

Sun, 08/12/2012 - 17:57 | 2699345 FRBNYrCROOKS
FRBNYrCROOKS's picture

These are those!

Sun, 08/12/2012 - 18:02 | 2699351 j-dub
j-dub's picture

You losers keep looking behind ya.  See, that's just what losers do. 

Looking ahead, I'm with our global thinking president-FOWARD!!!!............................Into the abyss

Sun, 08/12/2012 - 19:35 | 2699565 old naughty
old naughty's picture

He didn't see the abyss, coz he's looking thru a pot hole with one-eye.

And quite obvious he is in CD's mental breakdown stage...

Feed the head, soon his one eye cannot see?

Sun, 08/12/2012 - 18:11 | 2699369 q99x2
q99x2's picture

Congress should be talking about how to default on the debt - not reigning in spending. Bankster puppet M'fers.

Sun, 08/12/2012 - 18:29 | 2699401 gnomon
gnomon's picture

What is so hilarious is that the Welfare State as we know it is dead whatever happens.  And that was the lie that sucked in the suckers, made illiterate beggars out of men, and killed the Republic.

Something for nothing is the sweetest poison in the world when first imbibed.


Sun, 08/12/2012 - 18:11 | 2699374 Arnold Ziffel
Arnold Ziffel's picture

Everyone in control is stealing too much money ...hogs at the trough ...None of these wants to pause for fear of losing a few dollars.

Sun, 08/12/2012 - 19:04 | 2699465 Simplifiedfrisbee
Simplifiedfrisbee's picture

Do the sheeple want to dig the pit to dispose of the pigs or is that effort worth not enough money?

Sun, 08/12/2012 - 18:12 | 2699376 PeeramidIdeologies
PeeramidIdeologies's picture

The times and their signs. May these times never end, because the signs point elsewhere...

Sun, 08/12/2012 - 18:19 | 2699387 BlackholeDivestment
BlackholeDivestment's picture

Is it not safe to say, the leaders have accepted the mark of the beast and what the world is now witnessing is the sealing of it? The coming months shall be quite interesting in this regard, especially after Iran. What will the market look like? Lol.


Sun, 08/12/2012 - 18:48 | 2699424 nonclaim
nonclaim's picture

"Let no man deceive you by any means."

Well, sound advice but most around me want to live a lie.

"That they all might be damned who believed not the truth, but had pleasure in unrighteousness."

Ah, ok then. :)

Sun, 08/12/2012 - 18:53 | 2699445 disabledvet
disabledvet's picture

Haven't seen you in a while. I'm not going to die now am I?

Sun, 08/12/2012 - 19:08 | 2699478 nonclaim
nonclaim's picture

Gone hiding since this report:

Study Finds Cats Are Killing Machines

“Cat predation is one of the reasons why one in three American birds species are in decline,”

[ How retarded can be science, really? ]

Sun, 08/12/2012 - 18:37 | 2699417 robochess
robochess's picture

Pssst! The market doesn't give a damn what any of you think. You do realize that, right?

Sun, 08/12/2012 - 18:46 | 2699432 nonclaim
nonclaim's picture

Nobody cares. Thanks for noticing.

Sun, 08/12/2012 - 18:48 | 2699435 MsCreant
MsCreant's picture

Pssst! The market doesn't exist. You do realize that, right?

Sun, 08/12/2012 - 19:01 | 2699456 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Who Is The Market?



Who is the Market? what is she,

        That all our swains commend her?

Holy, fair, and wise is she;

        The heaven such grace did lend her,

That she might admirèd be.


Is she kind as she is fair?

        For beauty lives with kindness.

Love doth to her eyes repair,

        To help him of his blindness,

And, being helped, inhabits there.


Then to the Market let us sing,

        That the Market is excelling;

She excels each mortal thing

        Upon the dull earth dwelling:

To her let us garlands bring.


(Mostly) Shakespeare

Sun, 08/12/2012 - 18:48 | 2699436 buzzsaw99
buzzsaw99's picture

the market, funny

Sun, 08/12/2012 - 18:49 | 2699439 resurger
resurger's picture

Which market you talk about, Sir?

Sun, 08/12/2012 - 19:08 | 2699474 OneTinSoldier66
OneTinSoldier66's picture



Hey, that's a two-way street. You do realize that, right?

Sun, 08/12/2012 - 23:38 | 2700058 ebworthen
ebworthen's picture

robochess - the casino, not the "market".  Double sixes?

Sun, 08/12/2012 - 18:45 | 2699429 Getting Old Sucks
Getting Old Sucks's picture

Perhaps everyone knows it's really all coming to and end and want to keep dancing as long as they can? 

Sun, 08/12/2012 - 19:03 | 2699462 surf0766
surf0766's picture

Tell a 60 year old 3 time a week golfer with 1.4 mill in his account he is going to have to go back to "work" or that the only reason it is 1.4 million is from printing and watch him piss his pants. The tell the baby boomer  the 60's and 70's which he thinks were so are great hold some of the root causes of today's problems.    Then watch him call you names because he cannot comprehend what you said and will not admit most of his adult life was just a fraud. Those who do not see will latch onto anything to keep hope alive.




Sun, 08/12/2012 - 18:47 | 2699433 PSEUDOLOGOI

Game theory is perhaps "responsible"?

Everyone is looking at who's gonna blink first and thus are unwilling to take that necessary step out of their little corner.

Everyone is waiting on everyone.

Ofcourse, we know what happens in this scenario.  Once it crumbles, it will be lighting fast, swift and brutal.

I really believe people will wake up one morning and will have NOTHING anymore (the final vaporization act).

Sun, 08/12/2012 - 18:58 | 2699453 kill switch
kill switch's picture

This is just fucking????

Love of Country

Seldom Requited

July 23, 2012

I’m trying to understand love of country. It’s hard hoeing. Maybe some things just ain’t understandable. Or maybe it’s ‘cause I’m from West Virginia and don’t have shoes, ‘cause they ain’t any that fits people with twelve toes. How are you supposed to love a country where you can't get shoes?

I’m not even sure there’s any such thing as a country. Mostly my country seems to be a bunch of brigands in Washington who send you tax forms to get money so they can kill people in some place that never did anything to you and you probably don’t know where is. When did I ask them to do that?

It looks to me like a country is just a temporary mood ginned up to get everybody hooting and hollering behind the grenade industry with other people’s money. People just naturally like to get together in packs and kill each other, or beat each other full of concussions like in football, or have gangs and zip guns and ball bats and smack hell out of each other. A country’s just a teenage gang with older teenagers and better zip guns, I reckon. All you got to do is get them riled up about something that probably don’t exist. You send the dumb ones to get killed and the smart ones cash the checks at home. That’s what a country is.

Think about it. Isn’t it true? When the gummint wants to go kill folks we mostly never heard of, in Halfghanistan or Eye Rack this week anyway, it acts like the country is one solid thing, a big happy family, and has to think the same things. If the gummint hates Halfghans, or wants their oil or something, we all got to hate them because we ought to love our country. It makes as much sense as lug nuts on a birthday cake.

I can’t see how there’s anything special about a country. It’s just a big herd full of little herds that hate each other and want to swindle each other and pick everybody’s pockets and burgle their houses if they can’t actually steal them. I mean, the blacks hate the whites and beat them lopsided so they can take pictures, and half the whites hate blacks but don’t dare say so, and want to run Mieesicans out of the country, and the Messicans hate the blacks and the whites that want to run them back to Messico, and everybody hates Moslems, whatever one of those is. Maybe that’s a country. It looks more like a bar fight waiting to happen.

What’s funny is how people talk about how they love their country, but don’t act like it. I mean, there ain’t nothing more patriotic than a businessman who thinks he can make money at it. The newspaper in Charlestown says the gummint spends a trillion dollars on wars every year, either fighting them or getting ready or looking for new ones. I don’t know how much a trillion is. I do know it never sees the inside of a soldier’s pockets.

No. All they get is stumps and blinded and dead. The businessmen don’t want them to win, because then the gummint wouldn’t buy as many helicopters to get shot down and then buy more. But businessmen don’t want the troops to lose either, for exactly the same reason. Nobody in his right mind stops a going concern.

We got two kinds of businessman, and they both love their country the way a bank robber loves a bank. One kind wants to bring the whole country of Messico to America so they can pay them twelve cents an hour under the table and get rich. The other wants to send all America’s factories to China where they can pay twelve cents an hour and get rich. Both kinds drip patriotism like oil from a 1964 Harley. If anyone loved me like businessmen love their country, I’d go into hiding.

Then we’ve got the military that loves its country something crazy. In West Virginia I noticed that ticks love cows. (Why did I think of that, I wonder?) In Washington you’ve got whole packs of colonels strutting around like barnyard roosters, but with less brains, and saying that hippies and reporters need to support the Pentagon’s troops in killing Halfghans. It’s so they can show how much they love their country.

See, colonels think they are the country, and nobody but them gets to decide what the country wants. But what if I think I’m the country as much as some useless tax-sucking colonel with colored gewgaws stuck on his coat jacket like a stamp collection? And what if I don’t want to bomb anybody that I don’t know, just to make money for bomb factories?

I didn’t know that Lockheed-Martin was a country. I do now.

I got my doubts about some other patriots too. Suppose you went up north to Wall Street and asked those Yankee tape worms if they loved their country. Reckon they’d say yes? Of course they would. Why, they love their country like a hog loves cornbread. Of course, the hog don’t care whose cornbread.

Thing is, the tapeworms, along with the other part of the gummint that stays in Washington, just busted the economy and left half of us with no house. If that ain’t patriotism, I don’t know what might be. And they didn’t even say they was sorry, probably because they were too busy hiding the money in off-shore accounts. Somehow, patriotism usually seems to have dollar signs attached.

A famous fraud said, “Ask not what your country can do for you,” but that’s just what everybody does ask. Best I can tell, lots of folk love the United States till their gums bleed, but don’t want to do anything for it except run it broke. Congress takes bribes the way a Las Vegas slot machine eats quarters. Big Pharma swindles the public like a riverboat gambler with three decks of aces in his pockets. The Pentagon ain’t nothing but Section Eight housing with five walls, so’s you can tell whoever built it wasn’t paying attention.

I guess with lots of practice I might learn to love hookworm, or leprosy, or even rap music like they have on the radio out of Wheeling—though that may be stretching it. But I can’t go lower. I got my limits.


Sun, 08/12/2012 - 20:01 | 2699617 Uncle Remus
Uncle Remus's picture

Fred never gave much quarter to these scoundrels - rightly so.

Sun, 08/12/2012 - 20:46 | 2699758 dolph9
dolph9's picture

I've always enjoyed Fred's rants.

I've come to the same conclusion that he and Carlin have.  The most we can do is sit back and watch it, and not try to get too emotionally involved.

Sun, 08/12/2012 - 21:00 | 2699796 bunnyswanson
bunnyswanson's picture

That must be what the Jewish men said.  Did you know Jewish guilt for taking a passive stand is one of the residual affects of the Holocaust? 

Sun, 08/12/2012 - 22:08 | 2699921 dolph9
dolph9's picture

The problem goes deeper than that because it affects the whole planet, and a human population and economy in deep overshoot.

Good luck trying to save everyone.

Sun, 08/12/2012 - 20:56 | 2699783 Nojak
Nojak's picture

Sounds like Wal Street Pro's first cuz.....


Sun, 08/12/2012 - 19:04 | 2699464 disabledvet
disabledvet's picture

Seth Klarman is trying to prevent a tragedy? Wow. That's news.

Sun, 08/12/2012 - 19:27 | 2699506 stiler
stiler's picture

Isa 28: 20-1

For the bed is shorter than a man can stretch himself on it; and the covering narrower than than that he can wrap himself in.

For the LORD shall rise up as in Mount Perazim, He shall be wroth as in the valley of Gibeon, that He may do His work, His strange work; and bring to pass His act, His strange act.

This verse is about the soon coming Tribulation of the earth and especially about Israel. A few verses before it says (v.18) "your covenant with death shall be disannulled". That covenant is the one Israel makes with the coming Prince, a world dictator. It will be a big mistake. It causes God to begin the Tribulation of 7 years. Although God's plan is to save all of Israel, they must go through yet another horrific period of persecution this time by Antichrist in which 2/3 of all Jews are killed globally. Verse 20 is about the discomfort of Israel. "When the overflowing scourge shall pass through..." is about the gentile armies sacking Jerusalem. Overfowing floods speak of armies. This a strange act because it will be like the Flood of Noah, catastrophic and final, to rid the world of sin in preparation for the Kingdom of God.

Sun, 08/12/2012 - 19:43 | 2699584 Henry Hub
Henry Hub's picture

You came up with all that shit just from that Biblical quote?
Religion is amazing!

Mon, 08/13/2012 - 12:01 | 2700950 stiler
stiler's picture

No, in commenting on that verse, I referenced other places in the OT, much of which is about the second coming of Christ. It's called systematic theology because conclusions are built upon other verses; it's very complex and really isn't explainable in a comment section.

Religion is a scurge. Christ condescended to you, to save your soul. All religion is an attempt to work one's way to God, as in New Age.

Sun, 08/12/2012 - 19:53 | 2699599 slewie the pi-rat
slewie the pi-rat's picture

when the armies get really big like overflowing floods remember noah and go navy?

you spoiled it for us!  now we don't want to watch any more!  you can go to hell, stiler!  no kingdom for you! 

Sun, 08/12/2012 - 22:27 | 2699943 stiler
stiler's picture


Sun, 08/12/2012 - 23:40 | 2700061 ebworthen
ebworthen's picture

Wailing and the gnashing of teeth.

Sun, 08/12/2012 - 23:42 | 2700063 knukles
knukles's picture

Reference above: Isa 28: 20-1

Sun, 08/12/2012 - 19:23 | 2699528 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

During the Beijing Olympics, markets felt a sense of hope. Shortly after the games ended on August 24th, 2008, the toilet bowl could be heard with a great big whoosh!

The computer generated reality which we call the market (or Sylvia) has been lognormally biased or skewed to the right, with CB puts and "tickle" algos passing across thin volume.

Well my sons, Frau Merkel is back from the beach and it looks like summer is soon to be over ...

Sun, 08/12/2012 - 19:57 | 2699607 Uncle Remus
Uncle Remus's picture

Jackal-in-chief - "Am I not merciful?"

Sun, 08/12/2012 - 21:05 | 2699802 Ponzi_Scheme
Ponzi_Scheme's picture

More American Idle please...

Sun, 08/12/2012 - 21:06 | 2699805 Ponzi_Scheme
Ponzi_Scheme's picture

COSTELLO: I want to talk about the unemployment rate in America .
ABBOTT: Good Subject. Terrible Times. It’s 9%.
COSTELLO: That many people are out of work?
ABBOTT: No, that’s 16%.
COSTELLO: You just said 9%.
ABBOTT: 9% Unemployed.
COSTELLO: Right 9% out of work.
ABBOTT: No, that’s 16%.
COSTELLO: Okay, so it’s 16% unemployed.
ABBOTT: No, that’s 9% .
COSTELLO: WAIT A MINUTE. Is it 9% or 16%?
ABBOTT: 9% are unemployed. 16% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, you can’t count the "Out of Work" as the unemployed. You have to look for work to be unemployed.
ABBOTT: No, you miss my point.
COSTELLO: What point?
ABBOTT: Someone who doesn’t look for work, can’t be counted with those who look for work. It wouldn’t be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work.
ABBOTT: No, the unemployed are actively looking for work. Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you’re off the unemployment rolls, that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don’t look for work?
ABBOTT: Absolutely it goes down. That’s how you get to 9%. Otherwise it would be 16%. You don’t want to read about 16% unemployment, do ya?
COSTELLO: That would be frightening.
ABBOTT: Absolutely.
COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.
ABBOTT: Now you’re thinking like an economist.
COSTELLO: I don’t even know what the hell I just said!
ABBOTT: Now you’re thinking like a politician.

Sun, 08/12/2012 - 23:30 | 2700045 Apostate2
Apostate2's picture

I'm having a laugh--nicely done.

Wed, 08/15/2012 - 08:34 | 2706308 MsCreant
MsCreant's picture


I am going to use this in my class. I am going to attribute it to "Ponzi-Scheme." If someone else wrote it, let me know.

Funny and to the point.

Wed, 08/15/2012 - 09:24 | 2706427 i-dog
i-dog's picture

"Director Barry Levinson imagines how the famous comedic duo might tackle unemployment statistics"


Wed, 08/15/2012 - 12:59 | 2707156 MsCreant
MsCreant's picture

Google would have been my friend. Thanks i-dog.

Mon, 08/13/2012 - 02:22 | 2700245 blindman
blindman's picture

one could say we inhabit the world.
then one could say we are of the world.
we are the stuff of the world, we are just and nothing more or less than that which was said
we inhabit, the world. or just, we ourselves,
are strangers to ourselves, also known as
just plain stupid. there are kinder ways to say
it but that is it.

Mon, 08/13/2012 - 02:24 | 2700246 the tower
the tower's picture

"One where economies remain extremely depressed yet almost no companies go bankrupt"

Small, privately owned mom and pop business are going bankrupt by the 1000's. The only reasons large companies don't go bankrupt is because they have a banking license and have easy access to unlimited cheap money.

This is what finances all the mergers and this is what keeps stocks artificially high.

It's not just the banks who are manipulating the economy, it's multinationals as well, as they act like banks.

I even know families with a banking license, so now you know how the super-rich get to play the game.

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