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Japan's Shocking Keynesian Slip: "We Are Worse Than Greece"
In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo's worst nightmare "Japan is fiscally worse than Greece". Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan's 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also - with a large amount of JGBs held domestically, the Japanese financial system is much more vulnerable to fiscal shocks (cough energy price cough) than Europe. Of course, the market is catatonic in its reaction to this - mesmerized by the possibility of buybacks and hypnotized at big-banks-passing-stress-tests - though we do note the small reverse stronger in USDJPY has reversed as this news broke and the USD pushes modestly higher.
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ROR!!!
Everybody calm down, he said that at a purely philosophical level. He meant "Please bail us out, we deserve it more than Greece" ... "What? No?" ... "Well, it was worth the try."
Recent history says soveriegn fiats of defaulted economies strengthened against the dollar. Does this mean a 60 JPY / USD is the works - gosh they'll be able to import a lot more US debt! After all, that is about 40% of our domestic output - well that and being the butt of the civilized world's jokes.
Blow a monetary debt bubble economy then collapse the bubble.
Then print more money and deficit spend.
Strange how it destroys your economy with absolutely no dependency upon which time zone that your country is located.
Print, collapse, print, destroy.
44 minutes of extacy:
Ann Barnhardt & W Pollock Re John Locke and Future Trendshttp://www.youtube.com/watch?v=1_ubyLXMIfY
This video gives one of the most poignant and accurate descriptions ever voiced on the true present state of America. In 1770 the population of the original 13 colonies was 2.1 million. When faced with repressive government rule from England that was probably only 1/10th of the suffocating bureaucracy and corruption that 310 million complacent americans live under today, they banded together, over threw the oligarchs and built a new government that flourished for over 200 years. If this video could rally only just 1% of the taxpayers that viewed the Kony2012 video this week, to join Ann Barnhardt and refuse to pay anymore federal income tax, this corrupt system would soon end!
FUCK LDP DPJ OZAWA AMAKUDARI METI
JAPAN PROPER IS DONE
SAD
BREAKS MY FUKING HEART
BUT TRUE
FUK U HUMANITY
IN THE PROCESS YOU KILLED THE PACIFIC OCEAN CHAIN OF LIFE DOWN TO THE GENOME,
THE VERY ESSENCE OF CREATION, FOR MILLENNIA!
GREAT JOB!
Ease off the Sake? (???)
The reactor was a GE reactor and a GE reactor design. A GE whistleblower said the reactor design was high risk and did not provide the protections GE said it would before it was even built.
Ya ever notice that when the Japanese get all uppity about US military bases, it is always followed by a rash of Toyata recalls (only in America)?
Her message is honest and informed.
But ... about 29 Minutes in she makes what seems to be an argument that Dr Paul, because of congress won't allow it, would not be able to address what we face.
A President Paul is also a Commander and Chief. The "pen" in his hands can repatriate our troops and congress can't do nothing. He nominees are the only ones that congress can approve or disapprove of - they will be his people - and congress cannot do anything about it. A President Paul could 86 any and all executive orders. A President Paul can instruct his Ambassadors and UN reps as to the position.
Look at the Way Coke Dealer Clinton handled congress - Congressional posturing eventually and essentially made em all look like a bunch of pussies.
A president Paul can do a lot. And that's why her argument, as it relates to a Dr Paul presidency seems a tad off the mark.
We are spozed to obliged by a document the underlies the constitution. In a perfect example of an idiot cutting off the nose despite its face, our DoS Fuhrer Hilary (whose ripened into a double knit suited physical caricature of a fat face fat body version of Russia's Putin), has declared that governments that shoot at armed insurgents are war criminals - soze the guessing is, that should the commons decide to throw off such Government, and to provide new Guards for their future security, then Hilary's battalions of XE mercs wont be lifting a finger to stop it. If they do, it's Nuremberg for sure, if 300 Million American Assholes don't get to `em first!
Speaking of struts for sovereigns ..
It looks like all the players want to go to the "cage" and cash in their chips. The "cage" is the NY FED custodial vaults. The chips are cashed in for the gold the NY FED is supposed to be securing for for a whole passel of sovereigns with a whole bunch of gold. A moment of clarity approaches.
And, BTW, we have always been on a gold standard. What is a standard?. It can be a way to measure relative value. It can be, for example, a monetary standard use to fix allowed outstanding currency units to a value standard (line xx dollars per ounce of reserves held). Just cause we float M2, don't mean it ain't being measured against a standard. USD debased 90%, against gold, since 2002.
The NY FED Gold Vaults are getting called and we may yet see Tungsten Ben in cuffs with some of Americas finest dragging him off by the collar (if he be lucky).
Germany's political public service employees have finally admitted who has custody of German commons gold.
By law, Germany's political public service employees are quired to audit German gold reserves every 3 years.
It's been 6 years since the last audit.
Germany has at least 60% of it's gold warehoused at the NY FED.
Germany is considering repatriation of it's physical gold as protection against the possibility of currency collapse.
Rumor abound that the couple of thousand tons of German gold held in custody by the NY FED (i used to think Germans were smart) has been co-mingled with other gold (and very probably, varying amounts of tungsten) while in the NY FED vaults.
Germany To Review Bundesbank Gold Reserves In Frankfurt, Paris, London And Federal Reserve Bank Of New York (Mar 8)
...
German lawmakers are to review Bundesbank controls of and management of Germany's gold reserves. Parliament's Budget Committee will assess how the central bank manages its inventory of Germany's gold bullion bars that are believed to be stored in Frankfurt, Paris, London and the Federal Reserve Bank of New York, according to German newspaper Bild.
...
The German Federal Audit Office has criticised the Bundesbank's lax auditing and inventory controls regarding Germany's sizeable gold reserves - 3,396.3 tonnes of gold or some 73.7% of Germany's national foreign exchange reserves.
...
The German lawmakers are following in the footsteps of U.S. Presidential candidate Ron Paul who has long called for an audit of the U.S. gold reserves.
It is believed that some 60% of Germany's gold is stored outside of Germany and much of it in the Federal Reserve Bank of New York.
The Bank of New York Newswire is an interesting lister..
Dude, Where’s My Gold?
At the end of January Venezuela received the last of their 160 tonnes of repatriated gold reserves. Many, including some of the country’s own economists thought Chavez was mad to bring back the gold; that it was an expensive and unnecessary operation.
But now it seems distance makes the heart grow fonder for other countries as well with reports of both Germany and Switzerland on the verge of requesting the return of their gold from the United States. This is not surprising considering both countries were at the forefront of the increased gold demand in Europe in 2011. Germany particularly saw an increased demand for physical bars in allocated accounts.
...
... The Audit Office is said to have buckled to the pressure of German citizens and politicians interested to know where their gold is.
This is gonna be real interesting.
Based on my reading of GATA's investigation into Central Bank/Bullion Bank decades-long collusion in gold leasing arrangements, I would be extremely surprised to see Germany's gold in Good Delivery. He who panics first, panics best. Way to go University of Texas & Hugo Chavez!
But at least Greece has a greater negative less-radiation potential. Japan is increased in negative unrisk potential. Or to put it more mildly Japan is less more unrisky than Greece because of dis-funded unfunded liabilities. Japan is better to invest in than Greece because of dis-risk is lower than Greece. Disinflation is lower than Greece, and dis-un-employment is less than Greece.
Please un-disinvest in Japan.
/Keynes
Do yellow swans have black body suits?
I think those are Ninjas....
Ah so.. yellow swan wear black Ninja suit.
If they can't devalue the currency by printing it they'll undermine it's confidence.
Kinoshita says; We kino Shita all ovah ouself. now get bad taste sushi.
brack sran
Fiscal “liberals” have an inability to understand cause and effect. They often confuse the two and end up forcing the “fox to guard the hen house”. http://bit.ly/zATMvw
Cause and Effect.
They are still alive, so maybe there is a reason and there will be a resolution.
Its just impossible to see one at this time.
http://www.youtube.com/watch?v=E_PFZ92dMys
and yet another earthquake this morning... 6.8 on the scale...
Ok now I'm cutting the last 2 GBP/JPY shorts for a break even!
PSYCHE! C Ya in Europe!
Farcus Magnus
Only a matter of time before they use the Fukushima option.
I have heard that was theoretically impossible given that it failed the first time.
Should we try it again, or should we call Godzilla or.... ?
Is Ultra-Man still available ? Have Hiroto contact him immediately !
Voltron to the rescue....
Driven there by Speed Racer.
Ultra-Man was the best! +10 for making me remember... good times.
I believe it's "Godzirra".
From our friends at Urban Dictionary:
Something the Japanese scream when terrified beyond all reason
"Oh, I got teetek. Oh, I got sprashed by mud. How dis day get any worse... oh emai egot! It's Godzirra!!!"
How Japanese people pronounce "Godzilla". Hey, it's hard to pronounce those "L"s.
White person: "Oh my god, it's Godzilla... run!!!"
Japanese person: "Run, it Godzirra!!!"
-FN
PS - all you guys are racsits.
thats going to be a hard island to live on
Moving Tokyo will be challenging.
Maybe they can instead break off a piece of the island with a properly located score line through the major techtonic plate, and a thermo-nuclear detonator !
This too shall pass ... i mean... be ignored
buybacks are the new plunge protection teams...
What if every Japanese resident bought CDSs against Japan.
Would that provide sufficient floatation mechanism or levitation for everyone on the island ?
Perhaps it is time to invoke the forbidden codex !!
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
Authored by PANAGIOTIS TRAIANOU
The first time one hears about the Bilderberg group they should get pissed. C'mon New York Times - I thought you guys were all about printing the news that was fit to print.
Then one looks into it and sees the B'bergs are much ado about nothing. Sure it still sucks that the American MSM won't cover it, but most of us don't care about the MSM anyway. Just one more reason to ignore those assholes.
As for your site, it's a fuking joke. Certainly you will complain about "the Jews" some more. Whatever gets you through the night.
The ten components of The Conference Board Leading Economic Index® for Japan include:
Operating Profits
Dwelling Units Started
Business Failures
Index of Overtime Worked
Stock Prices (TOPIX)
Six-Month Growth Rate of Labor Productivity
Tankan Business Conditions Survey
Money Supply
Yield Spread
New Orders for Machinery and Construction
http://digitaljournal.com/pr/622457#ixzz1p3Flhjjv
#whishingwedidn'tturnoffreactorsnowoilisthroughtheroofohgodwe'refucked
OMG OMG! Japan is going down WORSE than Greece! I guess I'll have to short the markets again.
If you still have cash you might want to go long.
Care to guess what % of Japanese government spending this year will be tax revenue and what part borrowed?
51/49. 49% of all of the year's spending will be new debt.
The US number is 65/35.
Kampo!
Jenga!
Mothra !
Kampai!
Uruk Hai!
Banzai!
Ladyboys!
red (f)awn
Who didn't ante?
kancho!
This should help their stock market to really take off. It's up 1.9% this evening. The sky's the limit. What the hell should boost all markets. Whoopi it just keeps gettin better.
good post, j_88
you have caught the "jawboning" aspect of the yen printing/devaluation
the N-225 was "decoupling" yesterday, but doing well, today
tyler is also spot on in his sarc-ing imo
why? b/c the markets are under a "spell" of the "race-to-the-bottom" bucket shop, where a sinking currency is immediately "discounted" into instant stock index gains, b/c the "nation's economy" is now "more competitive, currency-wize"
no. sorry. the added incremental debt/money and its near-eternal "costs" actually make the nation less competitive and economically vital
we'll just continue to borrow to pay the interest and then we have not the miracle of compound interest, but the obverse debt-slavery of never being able to stop digging or the roof will cave in, but the damned hole we're in keeps getting deeper, too!
as a 29-y.o. recently pointed out to me: collapase isn't possible! "they" would never allow that to happen!
and here i've been needlessly worried about this since 1971!
"...as a 29-y.o. recently pointed out to me: collapase isn't possible! "they" would never allow that to happen!"
Slewie:
I am beggining to think that tis whole mess is so out of their control that we will end up with some sort of debt cancellation, be it total or partial. Just sayin'.
GL
Someone is gonna be on the hook if debt gets cancelled...
Jubilee!?!?
Of course market will not collapse, that's why they introduced ETFs. The whole market depends on them and I think that trade of 100 shares changes everything in that "efficient" market. If ZH-ers want to collapse it we should sell 1 share everyday at bellow market, commissions are the killer though.
want to collapse it we should
I'll just leave this here, GPS 'spoofers' could be used for high-frequency financial trading fraud
http://www.youtube.com/watch?v=k9IfHDi-2EA
No law, no order, no peace, no righteous, no innocent, none spared..
@ Conrad
+ 1, very interesting
If homeless people are getting paid to walk around as wifi hotspots for $20/day, surely they would be willing to do something a bit more...satisfying...to the people who stole their homes and jobs.
Then again, the Squid might just buy them all off and use it for yet another unfair trading advantage.
There are a number of methods of verifing the GPS signal. Modern aircraft use one of three methods to cross-check the accuracy of the GPS signal received from the constellation of satellites.
RAIM is an an algorithm within the unit to verify the GPS integrity without any other input, and this is ued for GNSS approaches.
A more sohpisticated algorithm is used to blend the inertial position of the aircraft from the IRS's with the GPS signal in addition to compute an accuracy calculation called ANP (Actual Navigation Position) - typically we see this as 0.02nm - I have flown approach around hills where we need this accuracy to be at worst 0.1nm.
The third method is with a GBAS ( Ground based Augmentation System) where there is a ground based transmitter that broadcasts the local satellite error - this system is accurate to a few inches - we fly this as a GLS approach - extremely accurate.
So, there are already quite a few methods to verify the GPS signal, some independant of anything else. In additon, the HFT computers have access to two vital pieces of information - their present position which can be hard-coded into the system as verification and access to many hundreds of internet time server as a cross-check.
Maybe we are faced with the Man who is selling the World (1970).
It doesn't get more bottom's up than this time we are in...its a bad sci-fi script.
http://www.youtube.com/watch?v=ZM0e1m9T9HQ&feature=related
@HardlyZero
"It doesn't get more bottom's up than this time we are in...its a bad sci-fi script."
I hope that I am wrong, but I have a feeling that you may made this call a bit prematurely.
It seems that there is always MORE om
And for the better (less Bowie-ish) version...
RELENTLESS!!...Is "MY MAIN MAN"!
For Japan to say that, something must be coming and it's not good. Also why did the Fed do a stress test for the banks, what was the reason for that? I mean you usually do a stress test when you believe something bad is on it's way and you want to make sure your banks are secure. Didn't the fed do a stress test 2 years ago? As we have seen the CDS's for Greece is alot more than 3.2 billion it's at least a trillion and I bet alot more and they are getting ready for the auction.
I think it's more a case of utter amazment that they have not yet collapsed.
They run-up an insane level of debt, they are no longer an industrial or technology powerhouse, they have rampant corruption in and out of government, they've nuked themselves - what more do they have to do? Please die already - it's getting embarrassing. The financial powers that be will not let anything fail. They need to fall on thier own sword sort-of thing. We will be joining them in the not too distant future but it appears that they will be able to prolong this train wreck another decade or so.
It will take some kind of extreme discontinuity/singularity event to break this thing off the rails - perhaps some friction between Japan and China could do it.
Don't diss them too much though. They still make quality rolling bearings at a better price than the USA, especially for automotive applications.
I agree that in general they still know how to make shit - which only makes it more frustrating to watch thier enslavement to the bankers.
I much prefer Japanese product to any other.
Except my lexus/Toyota has been a bit of a disappointment but I suspect it is again an issue of business decisions not of engineering.
With Japan shutting down their nuclear reactors indefinitely, high energy (oil) prices this year
could be their Black Swan Event.
If you can see it coming this far off, it isn't a Black Swan event.
It is, however, the making of a global prison rape.
Maybe a Black Crane will emerge...being Asia.
Did Manitowoc move a factory over there?
BIG cranes... Something they will need, + 1
World War III - The First Private War in History
Those who won all battles shall lose the war.
Bilderberg Group and the crimes against humanity.
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html
Authored by PANAGIOTIS TRAIANOU
See my comment above. To top it off, the Bilderberg is a shitty hotel. I'd rather stay at a Fairfield Inn. A free hot breakfast in the morning and no global conspiracies!
Junker,
You had a bad experience at a Fairfield Inn? An upset tummy because of the Johnsonville sausages?
Please elaborate. Tnx in advance
Since you opted to junk me rather than give a review of the Fairfield Inn, you gotta suffer through this.
Here is everyone's favorite whipping boy, RedNeckRepublicant, commenting today re: ZH
ZeroHedge: Old, Uneducated Geezers according to Alexa
RedNeckRepugnicant - Tue, Mar 13, 2012 - 04:08 PM
RobotTrader
Keep in mind who the "new" ZeroHedge audience is. ZH used to have the smartest, sharpest, most educated minds that you could find on the internet. Then, Tyler made the fateful decision to pander toward the doomer crowd and the audience totally changed. As the markets improved and stocks rose, the educated minds got replaced with "silver to the moon" doomer goons.
Take a look at the statistics from Alexa and how the ZeroHedge audience has changed over the past two years.... the vast majority of readers are over 65 years old with only a high school education.
http://www.alexa.com/siteinfo/zerohedge.com
Keep this in mind the next time you argue with those doomer goons. It's most likely some toothless, cynical Luddite living in a trailer in Kentucky who's got $300 in silver coins buried under his removable front porch.
RNR.
http://wallstreetbear.com/board/view.php?topic=96300&post=350405
Personally, I don't agree with this in the least. A) Tyler still gives great news coverage, stuff I always appreciate reading and B) in just scanning the comments per this article, I'm much rather live in a world where darkpoolsofsoros and Yen Cross give us more genuine takes than witty one-liners. Those cats are hyper-smart.
ZH is the bomb; I ain't leavin. Junk away if it makes you feel better or offer up a comment.
You've got to be running low on accounts by now.
U talking to me? LOL
I've paid tribute to your brilliant work re: trav enough already. A+ with him; probably a B- with RobotTrader
http://www.youtube.com/watch?v=nnpEI3njoeo
Hyper-junker:
Please note:
a) I love Christianity. I won't ever knock it b/c all religions touch the sacred.
b) That said, if God sent Jesus back to spread his message, why didn't he do so now? Think of the followers Jesus could have had on twitter! Dare I say, he'd be bigger than Kim Kardashian.
Perhaps you can find a soulmate here:
http://www.christianmingle.com/landing/v4splash.html?prm=78390&lgid=Stacked-Females-300x250-01.jpg
Update us if these chicks give anal. LOL
Junks only get you
PITBULL EXPOSED - PITBULL SUCKS - RANTcomments on Youtube. Lets' have a conversation, spacemonkey. At the very least give me an undervalued dividend paying stock.
http://www.youtube.com/watch?v=og28oVqT3cA&feature=g-logo&context=G288a7f7FOAAAAAAABAA
Hey Vic,
Thanks----needed saying om
Yen Cross?? You must be shitting me. All that moron ever does is spout one liners that he thinks are witty, occasionally throwing out some obtuse trading advice couched as wisdom. I think half the time he sounds strung out on Qualudes...
Well, unaccustomed as I am to being an internet-counter-example, I must admit I am under 65 and I have a tooth!
I see no doom or gloom in ZH assessment of unprecedented global inflation due to coordinated central bank fiat printing, just the cold reality of planned theft.
Private war = Private armies = Mercenaries..... If you think the US is the first to have an all mercenary army you need to read some History. Just one example, just one were the Italian merchant city states that employed whole mercenary armies in the field.
Whatever does not belong to them as property is under their absolute control. Just by looking at the executive staff of these mechanisms, conclusions may be drawn. Here follows the list with the Jews CEO running the global mechanism for the “production” and “dissemination” of propaganda for the New Order.
RICHARD BERNSTEIN. Western Publishing. Children’s booksSTUART BLOOMBERG. ABC Head of Entertainment Division.
PETER CHERNIN. 20th Century Fox. dec. 1992 new CEO
MARTIN S. DAVIS. Paramount Comm. CEO
BARRY DILLER. 20th Century Fox. CEO
MICHAEL D. EISNER. WALT DISNEY Co.
STEVEN FRIEDMAN. NBC Executive Producer Nightly News. Hired may 1990 under G.E. (gentile) owned NBC.
LEONARD HARRY GOLDENSON. ABC (Capital Cities ABC TV) (up to 1985. Thomas Murphy now CEO but with same Jewish management)
KATHERINE MEYER GRAHAM. Newsweek, Washington Post. Daughter of Eugene Meyer.
PETER GUBER. Columbia Pictures. 1989. Bought by SONY, Guber replaced Kaufman as CEO.
PETER KALIKOW. New York Post. Real estate developer.
PETER R. KANN. Dow Jones, Wall St Journal, Barrons
VICTOR A. KAUFMAN. Columbia Pictures. CEO
CHARLES KOPPELMAN. EMI Records CEO
GARY HERSH. Capitol Records CEO
GERALD LEVIN. TIME/WARNER Comm. CO-CEO.
ROBERT MAXWELL. Daily News.
RONNESSEN MBS. Mutual Broadcasting SYS. SAMUEL NEWHOUSE. Random House, Advanced Publications, Newhouse Broadcasting, (CTV), New Yorker Vogue, Mademoiselle, Glamour, Vanity Fair, HQ, Bride's, Gentleman's Quarterly, Self, House & Garden. Newspapers & mags.
MICHAEL OVITZ. Media magnate.
WILLIAM S. PALEY CBS CEO & founder of CBS. 1927. 1983 Partially retired.
SUMNER M. REDSTONE. Viacom MTV Nickelodeon QVC. CEO.
STEVEN J. ROSS. TIME/WARNER Comm. CEO.
JEFF SAGANSKY. CBS Head Entertainment Division.
DAVID SARNOFF. RCA NBC head entertainment div.
ROBERT SARNOFF. RCA NBC CEO (son of D. Sarnoff). RCA and NBC were bought by G.E. in 1986 but Jewish management still exists.
MICHAEL P. SCHULHOF. SONY. Vice chairman.
RICHARD SNYDER. Simon & Schuster.
LEONARD STERN. VILLAGE VOICE. HARTZ pets supply.
ARTHUR OCHS SULZBERGER. New York Times, family circle. McCall's, M. Frankel, J. Lelyveld, J. Rosenthal - all Jews.
BRANDON TARTIKOFF. Paramount pictures. Chairman.
LAWRENCE A. TISCH. CBS CEO TV, theaters, hotels, insurance. (Before him was 1928 William S. Paley son of Russian Jews. Retired 1983.)
LEW WASSERMAN.MCA Inc. CEO. 1991. Bought by SONY. but Wasserman still is CEO.
MORTIMER ZUCKERMAN. US News and World Report, DAILY NEWS. New CEO.
We are talking about a whole “army” controlling everything in the information field starting from the USA and spreading the “news” all over the world; a mechanism that literally decides on its own about who may become famous and therefore financially effective in all the fields of activity. This means that on their own they build “models” and on their own they decide who shall incarnate them by experiencing the absolute “success”. If you are not among the chosen ones, you cannot “evolve”, even if you are God himself. You shall always stay behind their “chosen”. You may “run” like the “wind” but “lames” get on the “podium”.I shouldn't feed the trolls but wtf,
Jews like money, I like money, I'm (not a jew)
Jews like education, I went to Yale, I'm not a jew.
Jews run big companies, I ran a big country, I'm still not a jew.
You getting this line of thought?
Exceptions neither prove nor disprove the rule ... they are merely statistical noise. In your case, you are to be judged by the company you kept.
you ran a big country?
listen head cheerleading puppet boy, you couldn't even handle eating a fucking pretzel.
http://0.tqn.com/d/politicalhumor/1/0/D/f/bush_college_cheerleader.jpg
http://0.tqn.com/d/politicalhumor/1/0/3/e/bush_pretzel_bruise.jpg
don't you have some 'ranch work' to take care of? LOL!
@ Vic Vinegar: I junked you. Thread jacking and replying to yourself gets junked. Has nothing to do with sausages or hotels or alexa or whatever stuff you choose to spew about. Takes less time to click down arrow than for you to compose your messages.
So, we can do this until you get tired of spewing. But it wouldn't be productive for anybody. It would, as you say, lower the level of debate upon this site. And neither of us would choose that.
As for your original comment re Bilderberg:
"Pay no attention to the man behind the curtain!"
Bilderberg has a lot of influence, much of it unwarranted and I daresay unwanted. Thus it should be monitored, analyzed, and discussed. I would love to see some sunshine into this organization's purpose, affiliations, and activities.
The calm before the storm. Shouldn't the Aud Sgd Nok be moving?
The island is surrounded by water and the contagion can be contained within.
The confinement will be complete, irreversable, and permanent !
(scary monsters)
http://www.youtube.com/watch?v=nvFZDo32Q4o&feature=related
If this was pre-2008, the 'slip' would have caused huge impact on the financial markets. As it is, a yawn or two and add a hmmm in there too is the reaction you could expect. Why stop printing when debt/GDP is at 230%?
I believe the thought may be that if they print faster, they just might get ahead of this debt/GDP thing.
Shit just keeps building and building, JPM front runs the Fed today and increases their divy I never thought that real life could become more insane than what is going on inside my own head yet here we are and its business as usual.
Japanese Debt Swap coming soon...
Maybe the Japanese will perform the ultra-difficult (10th dan) Chinese land swap.
They might actually evoke the WWII agreements China made to give land to Japan if they would not invade.
It would be like WWII redoux pre-post-facto...would there be any downside to a land swap ?
I see only upside: Japan gets lots of leg room to expand across the continent, and China gets Tokyo.
Deal ?
http://www.youtube.com/watch?v=WhC8LnFd2LE&feature=related
The stars say a mutli-year high this week - Astro Technical Review: Is This The Week Of The Multi-Year Stock Market High?
So the stars do watch the news, then?
Only TMZ....
AUD and EUR selling, USD buying and equities rallying. Total disconnect.
JPM just laid the bulltrap from hell. Sucking most into it.
Everything is out of sync.
Usd/jpy is on a march to 85, and all the real money is laughing! No movement. Ghost trading!
check your CNY chart run in back to meltup pre 2011 aug crash. that and the eur is selling, au looks heavy. to me, the market looks busted and mis-priced. the FX market looks out of sync.
I imagine old schoolers like Art Cashin shaking his head.
it's messy.
Aud is way heavy. Just looking for an entry point. I said last night, the chop is out of control.
Well i sold the AUD at 1.10 Aug last yr and then went short equity indexes. The AUD peaked it was a good flashing red risk/sell aversion sign to short/sell equities. The US indexes have decoupled from reality. Hard to find a correlation trade (oil at 110 is about it), used to be the EUR other FX risk trades. I still feel 1987 redux will slam into the DOW/S&P at some point, the only correlation is the VIX flat-lining, even pre 2008 meltdown had good warning signs. Now, not much at all. That is telling.
Yeah, stress tests... Those worked out beautifully in the past.
I just took an imaginary .50 BMG to the chest. I´m gonna enlist and tell the recruitment officer that. Bet they put me right in with the Rangers...
Worked well for Tillman...
On one hand the MSM sock-puppets have been saying all day that the US banks are, "clearly in a better place than in 2009 and 2010", etc., but somehow the latest stress-test v3.1.0, which is widely estimated and admitted to be designed to have them all pass, has 4 out of 19 failing?... and at only a 13% U3 US unemployment level?
And in other news, down is the new up, and CB's buying Govt bonds is not monetisation via inflationary debasement.
USD/CNY rally. Asia going mad USD buying, happened pre-Aug 2011 meltdown. Mispriced and bizarre trading.
Something severe is creeping up.
China widened the Yuan trading band with usd on Sunday, but this is bond related!
"...bizarre trading."
I just woke up from five days of constant overtime and sleep. My positions stopped out on Friday, been sitting in cash since then. Didn't care enough to look at things until now. Things look a tad scrambled and unbalanced. Futures, FX along with an enigmatic 5 point /ES spike 23 hours ago topped off with JPM's ramp job earlier today. WTF.
Not sure where I can place my bet right now, maybe I will sit on the sidelines for the next ten or so hours. Besides I gotta go back to work. Running a lot of parts for domestic oil production FWIW...
Bullish!
Nikkei has gapped over and above the 10,000 mark tonight.
http://data.cnbc.com/quotes/.N225
Keep the good bad news coming, and soon, all world equity markets will be establishing new highs. Well, I know, the Nikkei has a ways to go do to that, but patience my dear grasshopper.
Up up and away, my beautiful, my beautiful balloon!
You call trades post facto Kook Aid Idiot! ROBO TARD!
Yes, but I do it with pointless enthusiasm.
You truly do not know good Tsarcasm when you see it.
Idiocracy and Thumdum come to mind!
If this keeps up, the Nikkei will be back at its nominal level of 40,000 (last seen in 1989) within a few years, when a watermelon costs 1trillion yen and the Japanese debt to GDP ratio is 2300%!
Gee, I guess the BoJ is going to have to buy more Japgov bonds. That is truly tragic ...
I can't think of anything more bullish. Just think how much QE will be needed to bailout Japan.
/sarc
The BoJ met yesterday. They said they were happy with the MoF currency policy! You should explore facts before you shoot your mouth off! All of the Yen pump dump is going to hurt down the road! Export Island economies pay a hard price for imports! OIL ASS HAT!
Does this mean they buy more US treasuries???
Normally Hulk. China and Japan have NEW Truce! I'll buy your bonds, if you don't sell too many of mine!
Or. "I'll trade my rotten. bug infested. mildewed squash for your rotten. bug infested. mildewed pumpkins" !!!
I am finally starting to understand...
Yes Hulk! That's correct! +1
Look, do not look to markets to reflect real risk or real economics now a days. Markets reflect traders belief in government and central bank intervention to boost and maitain high share prices. World governments are all playing the wealth effect game. Pumping untold trillions into the system in order to generate stock market returns.
No matter that Japan's peril is now clear, traders believe governments and central banks can maintain share prices no matter the dreadful underlying economic and fiscal fundamentals.
It is no coincidence that the elites are the primary winners in this game of market pumping. Sure, some trickle down happens, but the majority of gains go to the top 1%.
Japan is truely sick, but the fact that they still produce things and export things gives them a life extension that has kept them going. But we may be reaching the point where that is also wearing out. Japanese capitalism is nearing crisis. No less than America's capitalism.
Too much crony capitalism and banker centric economies. And YES, the hint that energy prices might be the thing that kicks the ant hill into a panic is ALL too true. The world economy is hanging by a thread, a spike in energy prices could have major consequences. So a war on Iran may have those who will hold back the trigger finger of Israel, NATO and the USA. Many want war, but are they ready for the economic panic and fiscal collapse in the west that destruction of Iran would mean???
well said..I would add 2Q is going to be roller coaster ride and one hell of a momo bulltrap. If you have cash to burn, spend it on something worthwhile and not this bull shit market.
World War III - The First Private War in History
Those who won all battles shall lose the war.
Bilderberg Group and the crimes against humanity.
This is how things work in all countries. Whatever used to belong to their people, today it belongs to the multinational companies of the Club. People were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html
Authored by PANAGIOTIS TRAIANOU
Japan bondholders...assume the position.
I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced.
Where is the horse and the rider? Where is the horn that was blowing? They have passed like rain on the mountain, like wind in the meadow. The days have gone down in the West behind the hills into shadow. How did it come to this?
Now Gandalf pass the pipe I need some of that fine Old Toby.
Where is the man in the grey cloak?
A bit off topic but who gives a fuck. Can I just say I am absolutely fucking disgusted at the blatant lack of media coverage that Sir Ron Paul has been getting. A total fucking tragedy and a sign of the miserable state this United States has gotten "itself" into. By "itself" I mean the masses of uneducated arse heads who watch idol on their i-pads while eating too much Ben and Jerry's ice cream. All bought with a mondex credit card of course with a measly 25.99% APR. Now back to watching the comedy channel...sorry I mean CNBC.
The short old man in the rumpled suit has tripled his support since 2008 and will be bringing over 100 delegates to the convention. Nothing is over. a borkered convention with Jeb Bush/Condi Rice waiting in the wings? Who the hell knows.
On the other hand we could also be looking at 12 more years of Obama and Clinton. Or some GOP establishment clown with Goldman Sachs running down his pants leg. Same thing.
Psychopathocracy is an evil thing and a dangerous thing. The closer people are to the core of it, the more scared and defeated they are. No one knows what the fuck to do about it. Least of all the corrupt psychopaths themselves, who can't believe that they are still getting away with it and secretly wondering when the hell the adults will show up and stop them. But the system has now perfected the ejection of any sane person from the heights of power. So no more self-healing, just a system made of insane greedheads who will let it tear itself apart.
Oh, was I trying to say something reassuring? Never mind. Go shoot some zombies or read Scripture or something.
"the price of apathy in public affairs is to be ruled by evil men" -Plato
when you say jeb + condi, who's on top, there?
The one with the bigger unit?
Ron Paul is a wolf in sheeps clothing .... the powers that be would never allow his 'hard money' rhetoric if it were not part of a much larger plan. The guy is a fake.
I think he's more like a T1000 terminator type, but in more older man meek type clothing. Humans are not that consistent. Gotta be a plant.
When you see his face close up though it looks REAL! Its pretty amazing what they can do.
Ron Paul doesn't need to be some psyops pressure release valve. Bernays was way successful with his agenda. You can piss on 'merikans all day and they won't care as long as they're getting paid in FRNs for it.
IF you really have faith in 'mericunts to get their shit together and elect someone like Ron Paul, the joke's on you. They let him say what he wants to because they know that he can't get through to enough of these humanoids for any of it to matter.
Endgame is WW3 and massive reduction on global resource demands; forcing innovation and improving society takes too long for our social managers--so we have to die. Most of us exist because of oil and oil-based innovations, anyway.
However, the 21st century's greatest resource will be fresh water, not oil.
By the end of this century, we'll probably number fewer than half a billion, or a billion; when the oil train stops, we stop.
War, resources... the whole lot of it. Humans are pathetic. If I were "God," I'd be pretty disappointed with myself: humans aren't even flawed--they're just fucking broken. So much for omniscience and omnipotence.
Well I cannot argue with that .... see the Georgia Guidestones. As to Ron Paul, he is a 33 degree Mason and a 'plant' serving a much larger agenda .... probably designed to ignite radicalism within the merikans such that they destroy the US from within via a second civil war. Completing a plan first ignited when Lincoln was president.
America has already been subverted from within. It wasn't Ron Paul, so don't blame him.
Ron Paul is part of that plan. Ending the Federal Reserve is the plan and Ron Paul is the 'appointed' messenger for it. Its called 'controlled opposition,' which is what Paul is. Paul's message is designed to 'resonate' with the merikans/herd and they will beg and plead for the Feds global replacement. A transparent Hegelian Dialectic farce.
Riiiight, and I was appointed by the Illuminati to be your 'controlled opposition', so Zero Hedge readers would beg and plead for Zero Hedge's replacement by a Zionist-controlled, Hegelian dialectic internet mind-fuck.
How deep is that, Hegel? The Strange Loops are getting loopier.
Wow ...... must have struck a nerve ......
hardly, just pointing out the absurdity of your argument.
If you actually believe that Ron Paul represents a genuine 'voice of opposition' in this monetary debate ... your the fool. We have already been down this road. Roosevelt was wheeled out as Taft's 'controlled opposition' successfully splitting the republican ticket and assuring Wilson's election in 1912. This guaranteed the passage of the Federal Reserve Act. Like the 'quarter back sneak' its the oldest 'play' in the book. Divide and conquer. Wake up!
Wow! I thought Senator Nelson Aldrich had much to do with the passage of the Federal Reserve Act. You've convinced me. It was all just Wilson, Taft, & Teddy the controlled opposition.
but when you really think about it, since Ron Paul is supported by the armed forces, it means he's really the NWO's annointed military dictator, sent to deliver us into the clutches of One World government under the UN. And the reason he's not allowed on TV is because it's really the most secretest-secret plot in history and we can't let the American people even know he exists, because that would fuck up our diabolic Hegelian plot. My eyes are wide open and I'm seeing your fever dream, my friend.
Nevertheless, as your Illuminati-appointed controlled opposition, I would be remiss in not telling you that Ron Paul is actually working for the Annunaki, now approaching on the mothership Nibiru. You see, the Annunaki want all the Earth's gold, and Ron Paul is trying to destroy the Federal Reserve to make it easier for them to take it all when they arrive in 12/21/2012. The only thing standing between us and total alien enslavement is Brave Ben Bernanke! It's the oldest play in the book: Genesis 6:4!
Wake up! but all these bong hits are making me sleeepy.
We are all seperate till we are all one hu ahhhhh