This page has been archived and commenting is disabled.

Is It Time For The Financial World To Panic? 25 Reasons Why The Answer May Be Yes

Tyler Durden's picture





 

Every now and then it is easy to forget that the one or two "better than expected" data points blasted by flashing headlines do nothing that merely mask what is an otherwise quite deplorable and deteriorating reality. For the disconnect between America and the rest of the world look no further than this chart showing the dramatic divergence between the DJIA, which has just gone positive for the year, and every other major global stock market. Yet for those who require a narrative to go with their numbers, here is The Economic Collapse with the latest of their traditionally comprehensive bulletins, this time summarizing the "25 signs that the financial world is about to hit the big red panic button."

From The Economic Collapse:

The following are 25 signs that the financial world is about to hit the big red panic button....

 

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

 

#2 Will Bank of America be the next Lehman Brothers?  Shares of Bank of America have fallen more than 40% over the past couple of months.  Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over.  In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

 

#3 European bank stocks have gotten absolutely hammered in recent weeks.

 

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall.  A recent article in the New York Times detailed some of the carnage....

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.

 

#5 Credit markets are really drying up.  Do you remember what happened in 2008 when that happened?  Many are now warning that we are getting very close to a repeat of that.

 

#6 The Conference Board has announced that the U.S. Consumer Confidence Index fell from 59.2 in July to 44.5 in August.  That is the lowest reading that we have seen since the last recession ended.

 

#7 The University of Michigan Consumer Sentiment Index has fallen by almost 20 points over the last three months.  This index is now the lowest it has been in 30 years. 

 

#8 The Philadelphia Fed's latest survey of regional manufacturing activity was absolutely nightmarish....

 

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009 

 

#9 According to Bloomberg, since World War II almost every time that the year over year change in real GDP has fallen below 2% the U.S. economy has fallen into a recession....

 

Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy.

 

#10 Economic sentiment is falling in Europe as well.  The following is from a recent Reuters article....

A monthly European Commission survey showed economic sentiment in the 17 countries using the euro, a good indication of future economic activity, fell to 98.3 in August from a revised 103 in July with optimism declining in all sectors.

 

#11 The yield on 2 year Greek bonds is now an astronomical 42.47%.

 

#12 As I wrote about recently, the European Central Bank has stepped into the marketplace and is buying up huge amounts of sovereign debt from troubled nations such as Greece, Portugal, Spain and Italy.  As a result, the ECB is also massively overleveraged at this point.

 

#13 Most of the major banks in Europe are also leveraged to the hilt and have tremendous exposure to European sovereign debt.

 

#14 Political wrangling in Europe is threatening to unravel the Greek bailout package.  In a recent article, Satyajit Das described what has been going on behind the scenes in the EU....

 

The sticking point is a demand for collateral for the second bailout package. Finland demanded and got Euro 500 million in cash as security against their Euro 1,400 million share of the second bailout package. Hearing of the ill-advised side deal between Greece and Finland, Austria, the Netherlands and Slovakia also are now demanding collateral, arguing that their banks were less exposed to Greece than their counterparts in Germany and France entitling them to special treatment. At least, one German parliamentarian has also asked the logical question, why Germany is not receiving similar collateral.

 

#15 German Chancellor Angela Merkel is trying to hold the Greek bailout deal together, but a wave of anti-bailout "hysteria" is sweeping Germany, and now according to Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to approve the latest bailout package....

 

German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel's own coalition plan to vote against the package, including twelve of the 44 members of Bavaria's Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

 

#16 Polish finance minister Jacek Rostowski is warning that the status quo in Europe will lead to "collapse".  According to Rostowski, if the EU does not choose the path of much deeper economic integration the eurozone simply is not going to survive much longer....

 

"The choice is: much deeper macroeconomic integration in the eurozone or its collapse. There is no third way."

 

#17 German voters are against the introduction of "Eurobonds" by about a 5 to 1 margin, so deeper economic integration in Europe does not look real promising at this point.

 

#18 If something goes wrong with the Greek bailout, Greece is financially doomed.  Just consider the following excerpt from a recent article by Puru Saxena....

 

In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments!

 

#19 The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish, Portuguese, Spanish and Italian debt.  Considering how much the global banking system is leveraged, this amount of exposure could end up wiping out a lot of major financial institutions.

 

#20 The head of the IMF, Christine Largarde, recently warned that European banks are in need of "urgent recapitalization".

 

#21 Once the European crisis unravels, things could move very rapidly downhill.  In a recent article, John Mauldin put it this way....

 

It is only a matter of time until Europe has a true crisis, which will happen faster – BANG! – than any of us can now imagine. Think Lehman on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the favor with an even more severe banking crisis that, given that the U.S. is at best at stall speed, will tip us into a long and serious recession. Stay tuned.

 

#22 The U.S. housing market is still a complete and total mess.  According to a recently released report, U.S. home prices fell 5.9% in the second quarter compared to a year earlier.  That was the biggest decline that we have seen since 2009.  But even with lower prices very few people are buying.  According to the National Association of Realtors, sales of previously owned homes dropped 3.5 percent during July.  That was the third decline in the last four months.  Sales of previously owned homes are even lagging behind last year's pathetic pace.

 

#23 According to John Lohman, the decline in U.S. economic data over the past three months has been absolutely unprecedented.

 

#24 Morgan Stanley now says that the U.S. and Europe are "hovering dangerously close to a recession" and that there is a good chance we could enter one at some point in the next 6 to 12 months.

 

#25 Minneapolis Fed President Narayana Kocherlakota says that he is so alarmed about the state of the economy that he may drop his opposition to more monetary easing.  Could more quantitative easing by the Federal Reserve soon be on the way?

And the conclusion which is, as usual, spot on:

Things have not looked this bad for global financial markets since 2008.  Unless someone rides in on a white horse with trillions of dollars (or euros) of easy credit, it looks like we are headed for a massive credit crunch.

 

What we witnessed back in 2008 was absolutely horrifying.  Very few people want to see a repeat of that.  But as things in the U.S. and Europe continue to unravel, it appears increasingly likely that the next wave of the financial crisis could hit us sooner rather than later.

 

None of the fundamental problems that caused the crisis of 2008 have been fixed.  The world financial system is still one gigantic mountain of debt, leverage and risk.

 

Authorities around the globe will certainly do all they can to keep things stable, but in the end it is inevitable that the house of cards is going to come crashing down.

 

Let us hope for the best, but let us also prepare for the worst.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 08/31/2011 - 16:54 | Link to Comment Fletch F. Fletch
Fletch F. Fletch's picture

All is well.  Remain calm.

Wed, 08/31/2011 - 16:56 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Thanks Silvio.

Wed, 08/31/2011 - 17:01 | Link to Comment BaBaBouy
BaBaBouy's picture

.

Anyone Got Change For A Quarter ???

Wed, 08/31/2011 - 17:09 | Link to Comment Fukushima Sam
Fukushima Sam's picture

STEP BACK FROM THE BUTTON!!!

Just kidding, go ahead and hit it.  Let's get this over with!

Wed, 08/31/2011 - 17:30 | Link to Comment max2205
max2205's picture

It's the buy the dip Bernake Miracle. Don't judge the economy by what the Dow does anymore. It's the last bastion of confidence and heir Ben won't let it blow.

Wed, 08/31/2011 - 17:39 | Link to Comment spiral_eyes
spiral_eyes's picture

The real question is what effect — if any — future developments have on the global geostrategic picture, on global trade, and global energy infrastructure. America-as-Japan-2.0 is far more likely to threaten geostrategic disruption than Japan-as-Japan.

http://azizonomics.com/2011/08/31/will-the-world-panic/ 

Wed, 08/31/2011 - 22:51 | Link to Comment andyupnorth
andyupnorth's picture

It'll be a slow slide for the next decade to DOW=3k and gold=6k

Thu, 09/01/2011 - 00:59 | Link to Comment Sambo
Sambo's picture

dow = 30k gold = 60k

Wed, 08/31/2011 - 17:58 | Link to Comment Ruffcut
Ruffcut's picture

I can't agree with "get over this".

With this total disrespect for law, order and justice, the cabal is taking down as slow as they can hope from the designed fail or a failed design.

A financial collapse will create chaos.

I have been in this trading and blogging shit for over 5 years. THe slow depression can continue, but forcing the issue will escalate into madness. Fuck it is madness already.

Fuck it, at this pace I can squeak out a couple more good years, then call it a day.

 

Thu, 09/01/2011 - 03:54 | Link to Comment oldman
oldman's picture

beggar

Wed, 08/31/2011 - 18:14 | Link to Comment Guarded Pessimist
Guarded Pessimist's picture

It's the history eraser button, you fool!

http://www.youtube.com/watch?v=ku2wFaaPAzI

Wed, 08/31/2011 - 19:43 | Link to Comment Henry Chinaski
Henry Chinaski's picture

A "terrorist attack" will "take down the internet" and there will be a "great reset" and no one will be able to figure out why. A new dark age. Wait for instructions.

Thu, 09/01/2011 - 01:19 | Link to Comment Gotterdammerung
Gotterdammerung's picture

As more and more people realize the inevitable storm that is about to fall upon us,..the negative energy is palatable.  when you are out and about,… don't you find yourself thinking that this just can't go on much longer, and you find yourself attempting to absorb the simple little things that you once took for granted because soon, sooner than many others realize,……it will never be the same in our life time again.

Please,… less vulgaries make for more enjoyable reading even as our way of life begins to crumble!

 

Thu, 09/01/2011 - 03:31 | Link to Comment thermroc
thermroc's picture

Fuck off, skull boy.

Thu, 09/01/2011 - 06:23 | Link to Comment spankfish
spankfish's picture

Any relation to Die Götzen-Dämmerung?  Was mich nicht umbringt, macht mich stärker.

Wed, 08/31/2011 - 18:28 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Gotta love this CYA comment in the summation... "Authorities around the globe will certainly do all they can to keep things stable..."

Authorities around the world are busy as cats kicking sand in pursuit of saving TBTF banksters...  fixed that.

 

Wed, 08/31/2011 - 23:17 | Link to Comment espirit
espirit's picture

Never before was SkyNet self-aware, that pretty much cancels fundamentals and reality.

Bots have that effect.

Wed, 08/31/2011 - 20:12 | Link to Comment Justaman
Justaman's picture

Aren't these all transitory? 

Wed, 08/31/2011 - 22:08 | Link to Comment rosiescenario
rosiescenario's picture

Yes, they truly are.......on a long enough time line.....

Thu, 09/01/2011 - 00:27 | Link to Comment spandrall
spandrall's picture

Silvio: Hey everybody, don't worry! Lots of austerity, everywhere!

Silvio (later that night): Austerity, what? I was joking, sarcasm bitchez. Wow look at that hot 15 year old.

Wed, 08/31/2011 - 17:26 | Link to Comment DK Delta
DK Delta's picture

Great interview of Lew Rockwell and what QE3 Fed intervention really means for the rest of us landless proletariat. Says banks aren't lending out their reserves because doing so would cause hyperinflation - http://www.youtube.com/watch?v=FqLvHjGbfPI&feature=channel_video_title

Thu, 09/01/2011 - 02:41 | Link to Comment IQ 145
IQ 145's picture

Why didn't I think of that? That must be it. They're saving us from ouselves by keeping all the money so we can't do anything foolish with it.

Thu, 09/01/2011 - 06:28 | Link to Comment StychoKiller
StychoKiller's picture

What an Idjut I've been!  I've been thinking it was cause those qualified to receive a loan don't want one and those that want one are unqualified.  Back to room 101 with me!

Wed, 08/31/2011 - 17:33 | Link to Comment EvlTheCat
EvlTheCat's picture

w00t

Wed, 08/31/2011 - 17:34 | Link to Comment johngaltfla
johngaltfla's picture

<---INSERT Kevin Bacon getting WHACKED here.

 

Wed, 08/31/2011 - 19:57 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Brent's not calm.  The spread is now headed towards $27.

That's right.  $27.  It was about 0 in January of this year.  

And it was about 0 for all months of history prior to January.

But still they think that finance matters for an engine that is having its fuel flow choked off.

Wed, 08/31/2011 - 16:54 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

The time has come for "The Four G's": God, Gold, Guns, Grub.

Or, if you will, "The Four B's": Beans, Bibles, Bullets, Bullion

Wed, 08/31/2011 - 17:08 | Link to Comment Pladizow
Pladizow's picture

You can keep God and the bible, I'll take the rest.

Wed, 08/31/2011 - 17:17 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

There's no atheists in the foxhole.

Wed, 08/31/2011 - 17:48 | Link to Comment DaveyJones
DaveyJones's picture

what do you call people who don't believe athiests exist other than ironic?  

Thu, 09/01/2011 - 00:23 | Link to Comment Raymond Reason
Raymond Reason's picture

My first wife and i divorced over religious differences....she was an atheist, i was an agnostic.  Woody Allen.

Thu, 09/01/2011 - 04:42 | Link to Comment destiny
destiny's picture

Allen is a jerk !

Thu, 09/01/2011 - 05:39 | Link to Comment Christophe2
Christophe2's picture

I guess the vast differences between atheism ('there is no god') and agnosticism ('there is god, only not the one from the Books') escape you?  Woody Allen is a zionist puke who married his own (adopted) daughter, a mental masturbator who excels at rationalizing and valorizing vacuous, decadent lifestyles.  Bleh.

 

In any case, getting back to the topic at hand: rather than just bear witness to the slow progression of our economic and social destruction, why not fight back?

http://betterinfos.com/WhatToDo.html

=> if we don't fight back, the NWO's stated goal of 92% world population reduction and 'agenda 21' for 'sustainable development' will become a reality.

Thu, 09/01/2011 - 18:43 | Link to Comment Raymond Reason
Raymond Reason's picture

No sense of humor, eh?  By the way, your definition of agnostism is wrong.

 

Wed, 08/31/2011 - 17:55 | Link to Comment topcallingtroll
topcallingtroll's picture

There have been quite a few athiests/agnostics in foxholes but most of us dont go around talking about it.

Wed, 08/31/2011 - 18:37 | Link to Comment Tunga
Tunga's picture

No need for talk troll; the shitstains on your pants say it all.

 

Wed, 08/31/2011 - 21:34 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

Oh that was real "christian" like.

The hottest parts of gehennah are reserved for you miserable disgusting "christian" frauds.

Wed, 08/31/2011 - 22:18 | Link to Comment slavador
slavador's picture

Cranky-Geezer are you exceptional or is it common for atheists to fantasize about torturing rivals? If so, perhaps the folks running Abu-Graib were self actualized atheists? 

Thu, 09/01/2011 - 00:14 | Link to Comment MSimon
MSimon's picture

Uh. Christians have a history of more than fantasizing.

 

Thu, 09/01/2011 - 04:17 | Link to Comment slavador
slavador's picture

MSimon

I do not have a history of "doing more than fantasizing about torture". There are 1.5 billion living Christians that will make similar claims. Our group is the biggest in the world with the longest and most colorful history. Cherrypicking the ugliest available datapoints from a group that is a huge percent of the population makes you as dishonest as a bankster. 

Thu, 09/01/2011 - 05:46 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

"living Christians" don't necessarily believe they are more honest than others, imo.  only, perhaps, that they can be more "honest" than others in facing their own "dishonesty" b/c of the norm they are up against in the guy who walked outa the freaking boat they were all in

if you can't walk outa the boat, stf up, you self-righteous hypocrite!

Thu, 09/01/2011 - 01:34 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Who is this GOD? What is this GOD?

http://aadivaahan.wordpress.com/2010/06/17/god/

V

Wed, 08/31/2011 - 18:47 | Link to Comment PaperBugsBurn
PaperBugsBurn's picture

 

 

You with your nagging wife, underwater mortgage were in a foxhole? Yeah right!

Wed, 08/31/2011 - 19:00 | Link to Comment A Lunatic
A Lunatic's picture

You can't eat God.

Wed, 08/31/2011 - 20:12 | Link to Comment MsCreant
MsCreant's picture

Communion? The bread is the body of Christ. The wine the blood.

Wed, 08/31/2011 - 20:33 | Link to Comment mayhem_korner
mayhem_korner's picture

+22: 22-24 (Luke)

Wed, 08/31/2011 - 21:12 | Link to Comment delacroix
delacroix's picture

I come in my fathers name, and I am in him, and he is in me.

Wed, 08/31/2011 - 21:49 | Link to Comment Jasper M
Jasper M's picture

What does gay incest have to do with international finance?

Wed, 08/31/2011 - 23:44 | Link to Comment FEDbuster
FEDbuster's picture

If you had bought beans, bullets and bullion over the past ten years, you have done pretty good with your "investment".  Food is still relatively cheap, now is the time to stock up.  By the time your local Walmart is burning, it's too late to prepare (then all you can do is pray, or not).  Hedge your future by preping now.  As Barry said last week, "prepare for the worst, and hope for the best" (no teleprompter needed for that line).

Wed, 08/31/2011 - 23:52 | Link to Comment delacroix
delacroix's picture

is he trying to prove, you can polish a turd?  no offense TF

Wed, 08/31/2011 - 23:50 | Link to Comment delacroix
delacroix's picture

infinite/finite  

Thu, 09/01/2011 - 00:45 | Link to Comment constantine
constantine's picture

... No, you can't eat God but it has been used as a medium of exchange for 5000 years.

Thu, 09/01/2011 - 00:52 | Link to Comment MrPoopypants
MrPoopypants's picture

It is written, Man does not live by bread alone, but on every word that proceeds from the mouth of God.

Wed, 08/31/2011 - 21:51 | Link to Comment Religion Explained
Religion Explained's picture

Atheism is just another religion. Agnostics are in a different league altogether. Don't be lumping them together with a slash "/".

 

/glare

Wed, 08/31/2011 - 18:58 | Link to Comment Sgt.Sausage
Sgt.Sausage's picture

This atheist has been in a foxhole - with arty rounds overhead ... and remains 100% convinced of his atheism.

BTW - Uncle Sam didn't believe me either and wouldn't allow me to put 'atheist' on the dog tags. They put 'no rel pref' instead (meanin 'no religious preference' ). I argued that it wasn't the same thing but they said 'Shut the fuck up, Private.'

Wed, 08/31/2011 - 19:28 | Link to Comment Crassus
Crassus's picture

My experience too. Pray to Jesus if you like but Jesus will love you just the same whether you are blown to bits or whether you walk away unharmed. It's all the same to him.

Wed, 08/31/2011 - 19:37 | Link to Comment Bastiat
Bastiat's picture

'Shut the fuck up, Private.'

LOL! That sounds about right. 

Wed, 08/31/2011 - 20:01 | Link to Comment CrazyCooter
CrazyCooter's picture

I still have my tags from the service and they say athiest ... but I got 'em in 92. Might have changed since then.

Regards,

Cooter

Wed, 08/31/2011 - 23:06 | Link to Comment KowPie
KowPie's picture

I have mine from 1976 and they say no prefrence. Your choice back then was that or name a religion. Atheist wasn't a choice.

Fri, 09/02/2011 - 23:29 | Link to Comment CrazyCooter
CrazyCooter's picture

I still wear a dog tag on my right boot. Says atheist. I can't offer anything other than that.

<shrugs/>

Regards,

Cooter

Thu, 09/01/2011 - 21:12 | Link to Comment Sgt.Sausage
Sgt.Sausage's picture

Mine were 1987.

Wed, 08/31/2011 - 20:43 | Link to Comment long-shorty
long-shorty's picture

on my dog tags, athiest was spelled

U N I T A R I A N

:-)

Wed, 08/31/2011 - 19:07 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

Here's the website for Atheists in Foxholes: http://www.militaryatheists.org/

Just because it's an old saying you like doesn't mean it's true.

Wed, 08/31/2011 - 21:49 | Link to Comment BoNeSxxx
BoNeSxxx's picture

Actually, it isn't an old saying -- it was the title of a book.

Wed, 08/31/2011 - 22:33 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

Looks like the premise of that book was flawed.

Thu, 09/01/2011 - 21:16 | Link to Comment Sgt.Sausage
Sgt.Sausage's picture

It was an old saying looooongggg before it was a title of a book.

Thu, 09/01/2011 - 02:45 | Link to Comment IQ 145
IQ 145's picture

Atheists were created by the millions by WW I. The one with the trenchs. The experiment has been tried and the answer is in; four years of industrial style machine like slaughter removes peoples goofy tinselly ideas about God.

Wed, 08/31/2011 - 17:21 | Link to Comment Jumbotron
Jumbotron's picture

You can't take the beans and bullion with you when you die.

Wed, 08/31/2011 - 17:28 | Link to Comment Pladizow
Pladizow's picture

Nor a book of fables or invisible man that lives in the sky!

Wed, 08/31/2011 - 17:44 | Link to Comment in4mayshun
in4mayshun's picture

Funny how ironic it is that someone trying to sound so logical makes themselves sound like such an ignoramous. Radio waves and cell phone signals are invisible too. So are you going to tell me they don't exist?

Wed, 08/31/2011 - 17:49 | Link to Comment RichardENixon
RichardENixon's picture

I don't think they exist. But then, I'm not so sure I exist either.

Wed, 08/31/2011 - 17:58 | Link to Comment topcallingtroll
topcallingtroll's picture

They may be invisible to the eye but we can prove they exist, unlike your bearded man in the sky who allegedly condoned genocide in the old testament. Have you actually ever read that vile racist document? I have.

Wed, 08/31/2011 - 19:18 | Link to Comment gtb
gtb's picture

Sure you have...while in a foxhole.  Right?

Wed, 08/31/2011 - 19:38 | Link to Comment Bastiat
Bastiat's picture

I have.  And it wasn't just condoned, it was commanded.

Wed, 08/31/2011 - 21:14 | Link to Comment delacroix
delacroix's picture

bhagavad gita   someone's gotta do the killing

Wed, 08/31/2011 - 20:31 | Link to Comment mayhem_korner
mayhem_korner's picture

Have you actually ever read that vile racist document?

Why would it matter to you that you find the stories vile and racist if, as you say, they are just fables?

And BTW, there is much proof of many of the stories in the Bible (such as the evidence of ancient Jerusalem during David's reign circa 1000 BC, or BCE if you prefer).  So how does one decide what parts are "proved" and what aren't?

Wed, 08/31/2011 - 20:47 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

So how does one decide what parts are "proved" and what aren't?

 

One employs faith which is belief in something despite an absence of evidence or  evidence to the contrary.

Wed, 08/31/2011 - 20:52 | Link to Comment nmewn
nmewn's picture

"One employs faith which is belief in something despite an absence of evidence or evidence to the contrary."

Oh, well done ;-)

Wed, 08/31/2011 - 22:15 | Link to Comment chumbawamba
chumbawamba's picture

I specifically came to Zero Hedge to find a comment of yours so that I could reply and tell you this:

You're a fag.

I am Chumbawamba.

Wed, 08/31/2011 - 22:54 | Link to Comment BigDuke6
BigDuke6's picture

 

 

 

LLLLeeeeettsss get ready to ruuuuummmmbbbbllllle!!!!!

In the red corner we have Professor Chumba, just out of the slammer so he hates fags!

In the blue corner we got the old warhorse nmewn, who loves a scrap more than he really should for a man of his age and position.

No biting or eye-gouging gents, but everything else goes.

Thu, 09/01/2011 - 06:10 | Link to Comment nmewn
nmewn's picture

"In the red corner we have Professor Chumba, just out of the slammer so he hates fags!"

His cell mate was some hairy 320lb dude named Daisy so I can sorta see why he's so sore...lol.

Thu, 09/01/2011 - 07:07 | Link to Comment BigDuke6
BigDuke6's picture

Its all a bit of a let down.

i was hoping to see a couple of heavyweights going at it but all we got were a few godbotherers talking about the rapture again.  FFS.

Thu, 09/01/2011 - 08:20 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Red:

We all placed bets on Chumba Dufrene, that he would break down and sob like a little girl before morning.

His first night in the joint, Chumba Dufresne cost me two packs of cigarettes. He never made a sound.

Thu, 09/01/2011 - 06:04 | Link to Comment nmewn
nmewn's picture

Don't troll me bro!...ROTFLMAO!!!

Thu, 09/01/2011 - 01:00 | Link to Comment Caggge
Caggge's picture

Since it's all faith based, God must be a central banker too.

Wed, 08/31/2011 - 21:17 | Link to Comment disabledvet
disabledvet's picture

If we actually get a recovery tis full faith and credit indeed. Something tells me you all still will struggle with the existence of God nonetheless.

Wed, 08/31/2011 - 21:57 | Link to Comment Pool Shark
Pool Shark's picture

Since I've never seen Obama in person, I don't think he exists. He's a fabrication, just like the moon landings....

Thu, 09/01/2011 - 02:51 | Link to Comment IQ 145
IQ 145's picture

One does one's homework and studies the available historical resources for ten years or so.

Thu, 09/01/2011 - 03:08 | Link to Comment GoldBricker
GoldBricker's picture

If there's no god and no punishment for what we do in this life, what makes racism vile or wrong? It's all the same to The Void.

Wed, 08/31/2011 - 17:59 | Link to Comment Pladizow
Pladizow's picture

To: in4mayshun

Good argument?!?

If you mean information as opposed to, in formation - then see http://www.youtube.com/watch?v=6butfe1f9Hg (Start at 11:00 mim mark)

Wed, 08/31/2011 - 18:54 | Link to Comment PaperBugsBurn
PaperBugsBurn's picture

Beautiful, ¨God¨, karma, divine justice, call it what you will, does exist. I have witnessed it firsthand. I know (not believe) there is a spiritual dimension to life because I have experienced it as well.

 

Still waiting on your new avatar, gorgeous.

Thu, 09/01/2011 - 02:56 | Link to Comment IQ 145
IQ 145's picture

an extremely comon human illusion. The flavour of the "alsolute" experienced by the "transcendent" is of course, always the flavor in which he or she was raised; eg; brainwashed at an age too early to resist. When you're buddy gets turned into something that looks like a mistake in a butcher shop; there's nothing transcendent going on; it was just his day to become meat; and now fly and worm food; that's it. there's nothing else.

Wed, 08/31/2011 - 23:55 | Link to Comment Toxicosis
Toxicosis's picture

No but at least we can prove those exist by testing and verification.  Electromagnetic waves don't take faith, just testing.

Thu, 09/01/2011 - 01:34 | Link to Comment Rinpocheinp
Rinpocheinp's picture

Every reader here, without exception, are flat ignorant Semite victims.

Either (mostly) half-(un)-believing kike fuckers and kike hucksters.

Or proudly lying Jew shit bags, wheezing kikery -- supremacist finance-tech.

Dependent origination causally accounts for the components of mentality-materiality.

Ya'int ya $$, ya name, ya friends, family, or moniker.

 

Wed, 08/31/2011 - 17:47 | Link to Comment sasebo
sasebo's picture

Invisible man beyond your comprehension?

Wed, 08/31/2011 - 18:00 | Link to Comment Pladizow
Pladizow's picture

Good one - you got me!

Wed, 08/31/2011 - 18:12 | Link to Comment kengland
kengland's picture

WTF Pladizow? That is a stupid avatar. Give me back something I can touch

Wed, 08/31/2011 - 18:19 | Link to Comment Pladizow
Pladizow's picture

Yeah I know, but there were simply too many copy cats lately and my avatar no longer stood out in the thread - Im looking for a new one!

Wed, 08/31/2011 - 18:31 | Link to Comment kengland
kengland's picture

Stand out? Dude....you have impecable taste. I know who the imposters are.

Wed, 08/31/2011 - 19:54 | Link to Comment optimator
optimator's picture

Interesting Aviatar.  That trooper, smoking a Chesterfield, standing next to those burning White half tracks and M8,  saw victory down the road on his way to Antwerp.  Never made it, wonder if he survived after ambushing that column.

Wed, 08/31/2011 - 19:17 | Link to Comment Citxmech
Citxmech's picture

Godspeed on your quest!

Thu, 09/01/2011 - 03:02 | Link to Comment IQ 145
IQ 145's picture

Invisible man in the sky pulling strings and turning valves and making nations and individuals follow some plan? Yeah, way beyond my complrehension. I can just barely understand reality; non-reality is easy in a way; it's just a story; but I have a sacred marriage to truth; so I have to have the proof; no proof; no more interest. Too many provable things to be interested in.

Thu, 09/01/2011 - 06:43 | Link to Comment spankfish
spankfish's picture

"Invisible man in the sky pulling strings and turning valves and making nations and individuals follow some plan?"  You thinking of the Wizard of OZ?  Disreguard the man behind the curtain.

Wed, 08/31/2011 - 17:50 | Link to Comment DaveyJones
DaveyJones's picture

only God knows if he exists

Wed, 08/31/2011 - 20:39 | Link to Comment mayhem_korner
mayhem_korner's picture

Apart from written accounts and testimony, how do you prove your birthdate?  And why is that different, record-wise, from the accounts of God through history?

Wed, 08/31/2011 - 20:58 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

That's why you worship Zeus, because somebody wrote about him once.

Thu, 09/01/2011 - 00:13 | Link to Comment Prometheus418
Prometheus418's picture

My cat is named Zeus- I'll tell him you send your regards.

Wed, 08/31/2011 - 22:15 | Link to Comment bid the soldier...
bid the soldiers shoot's picture

very true

Wed, 08/31/2011 - 17:56 | Link to Comment ActionFive
ActionFive's picture

Joos aren't hiding Dead Sea Scrolls anymore.

Look at what they establish.

Thu, 09/01/2011 - 03:05 | Link to Comment IQ 145
IQ 145's picture

Somebody wrote a story on a scroll a long time ago; when they didn't know shit from shinola; so fucking what? grow up for christ;s sake; I'm sure he would approve.

Thu, 09/01/2011 - 04:15 | Link to Comment ActionFive
ActionFive's picture

Deal is-

Book of Isaiah hidden and forecasting all about Christ etal.

Found later post event/book intact/history intact- that is what.

Establishes Bilble as true.

So, when shinola didn't know?- it was then found true/inspired.

Thu, 09/01/2011 - 04:24 | Link to Comment ActionFive
ActionFive's picture

This is plain as day for those who care to look.

IQ145 easy.

Thu, 09/01/2011 - 05:09 | Link to Comment slavador
slavador's picture

IQ

Egypt, Greece, Rome, Persia and Babylon were serious societies. Your sense of the value of their contributions probably matches your value of all contributions of humanity but your own. By the way what is that great thing that you accomplished that empowers you to so confidantly slander the rest of the world. Did you discover the cure for cancer? Maybe you designed some sort of amazing aircraft. Perhaps you are the brilliant mind that designed modern  pyramids that have a cloaking devices so no one can see them! Spill your guts and amaze us all!

Wed, 08/31/2011 - 18:02 | Link to Comment cgbspender
cgbspender's picture

Let's not forget talking animals.

Wed, 08/31/2011 - 20:22 | Link to Comment mayhem_korner
mayhem_korner's picture

Are you not a talking animal?  And if you're into evolution (a theory with no supporting evidence), you evolved from those "lesser" animals.  So when did talking come along in the sequence?

Wed, 08/31/2011 - 22:06 | Link to Comment Religion Explained
Religion Explained's picture

Bullshit. No supporting evidence my ass. You need to go back and redo middle school, stimpy.

Thu, 09/01/2011 - 06:50 | Link to Comment mayhem_korner
mayhem_korner's picture

None.  Zero.  Zip.  Naught.  Show us where it is.  No evidence whatsoever that a single new species evolved from a prior one.  Yes there is mutation - like strains of bacteria and albino plants, etc. - but not one shown to lead to a new species.  No record in the fossil history of failed mutations (of which there should be millions, no).  I could go on.  But science isn't about disproving an unproved theory.  The ball is in the evolutionists court, who still can't get past the irreducible complexity argument, how an eye "formed," etc. 

Show me the evidence.  It ain't there and never has been.

And when you're done "proving" evolution (which will be never, because the mantra is that it must be true or we need to research further) - answer my question as to when speaking came along.

Thu, 09/01/2011 - 10:10 | Link to Comment Diogenes
Diogenes's picture

Let me get this straight. You believe there is no supporting evidence for evolution but the evidence for the existence of God is convincing?

Thu, 09/01/2011 - 16:21 | Link to Comment mayhem_korner
mayhem_korner's picture

I said there is no evidence for evolution. 

Tell ya what.  I'll risk every one of my 62 gold and 723 silver maples that water freezes at 32 F / 0 C.  Get back to me when you have the same conviction about evolution.

Thu, 09/01/2011 - 18:35 | Link to Comment Diogenes
Diogenes's picture

I have read a lot on both evolution and religion. What struck me is evolutionists are willing to admit they are wrong, and revise their theories in the light of new evidence. The religious nuts shoot their mouths off when they don't even know what they are talking about and refuse to look at any evidence at all.

Thu, 09/01/2011 - 20:20 | Link to Comment mayhem_korner
mayhem_korner's picture

Fair point, Diogenes.  It took me the better part of 15 years to unwind what I was taught about evolution, which I did through a very specific and catalogued challenging of its basic tenets and claims.

As to religion, those that know me know where my beliefs are.  However, I try to be cautious about pressing the "evidence," as a big part of that is faith (evidence of that which cannot be seen).  It is way too easy to alienate people from even inquiring about what I believe if I claim absolutes in terms of evidentiary support to my beliefs. 

But I'm not shy to press people on what they may believe where I think they haven't really dug in.  In the end, there are very, very few things we can say we "know" with unequivocal certainty (I use the water freezing as an airtight example of such).  So the quest becomes that of "what among the things we are told to believe are actually true, possibly true, or actually not true?"  The middle of those three is the biggest space. 

Wed, 08/31/2011 - 22:12 | Link to Comment bid the soldier...
bid the soldiers shoot's picture

no, you want that invisible man with you while you're still alive. death is going to be a surprise, pleasant, unpleasant or the probable void.

Wed, 08/31/2011 - 22:59 | Link to Comment Bruin4
Bruin4's picture

GOD....you have to see this!!

Billy Connolly on religion

http://www.youtube.com/watch?v=IwooM4yhiiY

Thu, 09/01/2011 - 04:25 | Link to Comment slavador
slavador's picture

Invisible man in the sky is the accepted cutesy saying for no God by communists these days! Pladizow perhaps you might change your avatar to Vladimir Lenin! Maybe a picture of a priest distributing "Opium to the masses" during Masses!

Thu, 09/01/2011 - 07:19 | Link to Comment FEDbuster
FEDbuster's picture

"You can't take the beans and bullion with you when you die."

You can die much quicker and painfully without them (at least the beans part).

Wed, 08/31/2011 - 17:53 | Link to Comment topcallingtroll
topcallingtroll's picture

I will have to agree with you plad.

It shows the primitiveness of our race that we still need superstitions and magic rather than accept that some things just arent knowable at this time.

Wed, 08/31/2011 - 18:09 | Link to Comment kito
kito's picture

@pladizow bring back your old avatar!!!!!!!!!!NOWWWWWW!!!!

Wed, 08/31/2011 - 18:19 | Link to Comment topcallingtroll
topcallingtroll's picture

Zero hedge needs more titties. A lot more titties.

Wed, 08/31/2011 - 21:25 | Link to Comment kahunabear
kahunabear's picture

How can anyone possibly vote titties down?

Wed, 08/31/2011 - 18:28 | Link to Comment kaiserhoff
kaiserhoff's picture

Which one?  They were both vonderbar!

Wed, 08/31/2011 - 20:20 | Link to Comment mayhem_korner
mayhem_korner's picture

You can keep God and the bible, I'll take the rest.

I'd take that deal every time.

Wed, 08/31/2011 - 21:04 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Man does not live by bread alone but it is necessary. Maybe you could keep God and the Bible and trade in a spare archangel or a damaged apostle for a case of Little Debbies.

Wed, 08/31/2011 - 22:25 | Link to Comment slavador
slavador's picture

Pladisow

You will have a difficult time taking my beans, bibles, guns or gold. Give it a try and maybe you get to meet God!

Thu, 09/01/2011 - 00:29 | Link to Comment Rome is burining
Rome is burining's picture

I must confess in all frankness that it has been my experience that when one becomes willing and takes certain actions, one is able to avail oneself of certain resources, spiritual in nature, which otherwise would not have been accessible. The Impact on my life has been profound and all for the better for myself and those I've come in contact with. Not only have I experienced it personally, I have likewise witnessed such transformations in others. There is a proof against all arguments which can keep a man in everlasting ignorance, which is bar against all arguments. That proof is contempt prior to investigation. Yet I am sympathic to the blind because my recollection is still intact

Thu, 09/01/2011 - 03:13 | Link to Comment IQ 145
IQ 145's picture

And if you put your certain resources in your left hand and shit in your right hand; your right hand will fill up a lot faster. So you stopped doin crack and fucking the neighbors teeny daughter and now you jaw at people about being holy all day; so fucking what; you're still a total loser.

Wed, 08/31/2011 - 23:19 | Link to Comment Melin
Melin's picture

ditto that.  Atheists love liberty too!

Thu, 09/01/2011 - 01:04 | Link to Comment Sambo
Sambo's picture

-54 ??? at 1:05AM 09/01

Anybody wants the other G (Goldman) and B (Bernanke)?

Thu, 09/01/2011 - 16:26 | Link to Comment bid the soldier...
bid the soldiers shoot's picture

Doesn't god think he IS the rest?

I hope god's wrong for your sake

Wed, 08/31/2011 - 17:09 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Yes, + 1

We all know most of the above.  All of us should have started our preparations long ago.

What amazes me is how SLOW both 2007 - 2009 and 2011 - 20?? are taking to play out.  Kicking the can I suppose...  But, the longer before it all comes down gives us more time to prepare.  Use your time wisely!

Wed, 08/31/2011 - 17:31 | Link to Comment B9K9
B9K9's picture

I've actually been moving in the opposite direction, and have become quite sanguine about future prospects. As long as the USA controls key resources via its military dominance, there is literally nothing that can stop the US from simply emitting more debt/money to "buy" the goods it needs.

Inflation you say? Well, inflation is merely a reflection of **market pricing** reacting to increased funds. But what if pricing is controlled - that is, what if there aren't any free markets? Did a market exist for Indonesian oil when the Japanese seized Indo/Singapor from the Dutch & British during WWII? Couldn't they just print whatever they wanted and throw it in their faces with a laugh? So what happens if supply is forced in a similar fashion for ClownBux eg pump/sell us your oil at the price we determine, or else?

I believe the USA has passed the fascist model exemplified by Germany/Japan, and is now entering (or has already entered) the Soviet era. That means price controls & supply restrictions, all backed by the force of law. After all, we are a legitimate sovereign nation operating under the rights of self-governance. If our governance embraces the concept of imperial control, who's gonna stop us? Who is really going to challenge the regime?

So, the only real question is whether it's 1950, the height of Stalinism, or 1985, the beginning of the end. Orlov has got it completely right - just mind your Ps&Qs while going about your daily business of gettin' on. Railing about injustice, like GL vis-a-vis Cheney yesterday, is a fool's exercise, and will only act to get yourself noticed.

I keep telling you space monkeys that price controls and supply restrictions/allotments are coming. It's the next logical step. Your gold ain't gonna do jack shit, especially when your neighbor and/or barter partner will get an extra month of food for his family as reward for turning you in.

The days ahead are much darker than many can imagine even at this juncture.

Wed, 08/31/2011 - 17:57 | Link to Comment ReallySparky
ReallySparky's picture

That was depressing B9K9.  I hope you are incorrect, but I must admit, I have wondered the same thing.  My biggest fear now is that there will not be a revolution, and that most of the sheep will want to stay asleep, watch programmed Television, and rat out their neighbors to get a small edge.  I can even see some kind of patriotic propoganda campaign, directing the sheep to turn in their neighbor.

Wed, 08/31/2011 - 18:40 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

The Stazi's (East German Secret Police) files, when examined after the fall of the wall, proved that 75% of East Germans were ratting on each other. This included many family members ratting out other family members. A lot of the rats were telling lies to get revenge on those they did not like. A society turned to a total rats nest... actually, I'm doing rats a disservice... maybe finks is a better term?

A slippery slope we are on...

Wed, 08/31/2011 - 20:30 | Link to Comment pods
pods's picture

Hey Sparky, they are a couple of steps ahead of you.

http://snapscouts.org/

Just look at the first page.  Should tell you where we are headed.

pods

Wed, 08/31/2011 - 21:58 | Link to Comment wisefool
wisefool's picture

interesting stuff. Seems like we are in the phase of ths social media cycle that will drag the non-adopters in unwillingly.

The previous phase I noticed was/is the facebook only offerings for free stuff. Remember how Taco Bell had that big false flag operation?  "oh noes, somebody found out they put trace amounts of oats in the seasoned beef. Egagds! thats gross."         " No its not, its just like meatloaf, it helps the texture and mosture content. If you join facebook we will give you a free taco ......"

So this new stuff is going to get people paranoid about what data other people are collecting on them. then you join to make sure it is all legit, and then you think hey, its not so bad ..... kinda like somepeople do with property taxes. "Damn they are only paying $x,xxx/yr for all that? I am going to get mine lowered!" the government lets everyone play musical chairs and then raises taxes on everyone, but "hey atleast its fair!"

People rip on the banks hard here, but I think there are bigger and more dangerous forces at work... easy credit might make these things worse, but ....

Thu, 09/01/2011 - 01:03 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

pods, that snapscouts IS pretty creepy.  Thx for sharing that.

Thu, 09/01/2011 - 01:14 | Link to Comment Race Car Driver
Race Car Driver's picture

 

 

From link:

  • Submit reports anonymously to stay safe and secure!
  • Help law enforcement collect evidence in real-time!
  • Collect a variety of awards and badges to compare with friends!
  • Makes civic duty and community fun!
  • Coming soon: Multi-crime tagging to catch more crimes at once!

 

Glad it's only a game.

Badgez, bitchez.

Thu, 09/01/2011 - 02:35 | Link to Comment hidingfromhelis
hidingfromhelis's picture

SnapScout and SnapScout Reports...leverage(s) modern technology to address the timeless threats to democracy and freedom.

Oh, the irony!

Wed, 08/31/2011 - 18:03 | Link to Comment Pladizow
Pladizow's picture

And the 2nd amendment?

Wed, 08/31/2011 - 21:46 | Link to Comment AlmostEven
AlmostEven's picture

Ask David Koresh how that worked out for him.... If nobody gets in the streets and people just hide in their bunkers instead, it's easy pickins for the gov't. Especially, if they're easily divided along racial lines or red state vs. blue state, or liberal vs. conservative, etc.

Wed, 08/31/2011 - 21:52 | Link to Comment Calmyourself
Calmyourself's picture

Unfortuneately those racial lines are in the process of being drawn by the CBC.  Their recent comments are designed to do one thing and one only; incite..

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