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Jim Grant: "The ECB Is Now Implementing The MF Global Trade"
To print or not to print: the choice of whether to open the European Pandora's box, which as we suggested two months ago is an interesting but ultimately moot thought experiment, has suddenly become the only talking point for TV pundits desperate for eyeballs and suckers to buy their books, who are now experts not only on monetary policy but European monetary policy. And while 99% of these empty chatterboxes should be promptly muted, one person whose opinion we value in any regard is that of Jim Grant. Earlier today, with Bloomberg TV's Deirdre Bolton, he discussed not only the expected ECB response to the ever worsening contagion (while the ECB bought Italian bonds in the open market, and potentially primary against its charter, it is prohibited from buying French bonds which is why the OAT-Bund spread closed at record wides), but all the other developments in the insolvent continent. Here are some of the key sounbdbites, and, of course, the full clip.
On the three thread by which the world currently hangs:
i) by the financial probity of Italy
ii) by the determination of Greece to implement austerity measures
iii) and by the responsibility of our money spinning central bankers
"These are very slender threads indeed."
On what the ECB will do:
The ECB has expanded its balance sheet mightily under Trichet. We have a new leader and we have a new imperative. I dare say Europe is going to print money.
On central bank monetization and its implications:
The Italian yields did not fall on their own. It raises questions of overall integrity of market prices. In the US the Fed has nationalized the yield curve. In Europe much the same is going on: the SNB is expanding its balance sheet at astonishing rates of speed. The world over there is seeing immense money printing and there is a huge race to debase on the behalf of the sponsors of paper money.
Central banks are insolvent:
The ECB has a ratio of non-AAA rated assets to equity of 14 to 1. What the ECB has been doing is stepping in where private money fears to tread. In the private sector we call the heading for trouble... The New York Fed is leveraged 100 to one.
And the kicker analogy which is absolutely spot on:
The ECB is now implementing the MF Global trade.
All this and much more in the clip below.
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How gay was it clinking this link and having that MERCEDES BENZ AD blow up your speakers???
super gay and irritating
everyone that watches bloomberg and cnbs are going to be driving one (mercedes)soon because they make so much money watching the programming everyday.........They ALWAYS say to buy physical gold....
> against its charter, it EST prohibited from buying French bonds
Bollocks! That depends on what the meaning of the word "est" "is"! Parlez vous Francais? Voulez vouz couche avec moi ce soir? In French, we don't say "cheater", we say "Trichet!" - or "Paterno!" in Italian!
and to those people, that are dedicated cnbc soldiers and booyah and all that, grant and rickards must have looked like kudlow/cramer....how else could they percieve the truth....
By the time this is all over, we won't be buying cars with our gold and silver. We will be buying the essentials for sustaining life. Food. Water. Clothing. Medical supplies. And the such.
And ammo! Don't you forget about the ammo!
Don't confuse the war with the peace. By the time this is all over, to carry on, the world population will be at least half if not much less. The Earths peoples will be exhausted with the costs of war/famine/death/pestilence, and ammo won't be required. How many kids, neices, nephews, and so forth will you be willing to write off before you reject the notions?
As a species, we will be alive with the lessons learned, busy in our communities, producing the things we all enjoy, bonded by the pain, and we will all be dead before there isn't enough energy for re-runs.
This is the last fucking rodeo.
To all ZHers; the goal is to make it 10 years, maybe 15, intact and I think after that it will be a prison planet or a damn good neighborhood.
Best of luck to all. Place your bets wisely.
Regards,
Cooter
"This is the last fucking rodeo."
Last manmade rodeo, but not the last/final rodeo. For this we'll have to wait for the next glacial period: can you say clean slate?
By the time this is all over, it will be much too late to be shopping for nonexistent ammunition. In fact, you should have bought most of it already. It isn't going to be available by the time you know you should have bought it.
Buying from whom? When the elite descend into their underground cities after the EMP bombs have taken out every computer chip on the surface (this means: no electricity, no grid, no internet, no cars/trucks/planes/buses post-1975 or so, no phones, no refridgerators, no radios, no TVs, basically stone age - the Amish will be advanced in comparison cuz' their stuff will keep working), the only food you'll be eating is what you can locate around you.
The elite will wait it out, after a copule years population will be down to 10% of what it was, they will emerge with their technology, and you will be their slave. If you happen to have any ammo left, don't worry, their drones will find you and take you out, no human intervention required.
You've been sleeping too long. Game over, dude.
Wow! This is a chilling prospect CalDre. The 'elite' sound like a serious cabal with evil intentions. Do you think they might be aliens from a far away galaxy using advanced blending techniques to mimic the human form?
Thanks.
Sorry, CarlygleGroupie, you tin-hat conspiracy nut, there has never been a cabal, and certainly not an evil one, all the rumours to the contray notwithstanding.
The aliens are actually largely from Mexico, and they don't blend so well - but there are laws against you noticing. Fortunately, what they lack in stealth, they compensate for in sheer numbers.
"By the time this is all over, we won't be buying cars with our gold and silver. We will be buying the essentials for sustaining life. Food. Water. Clothing. Medical supplies. And the such."
I liked that. "And the such". I intend to use this phrase in upcoming posts. Stay tuned.
Gotta pay for the website somehow
Free shit isn't free?
Whine somewhere else or pay for a newsletter. Do you realize that you sound like your picture? I get it that maybe you do, and that maybe you are just trying to start some shit (for the sake of shit's and giggles of course).
But dear reader, if it is authenticity you seek?
You sound like a whiny bitch.
IMHO (of course).
LOL the timeing of the damn merc benz video and me reading your comment could not have been more perfect.
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You should all be using the free firefox browser with the adbock and noscript plugins. You have no idea how pleasurable the internet can be until you do. I never see the ads people complain about... unless I go to a whole lot of trouble enabling them one by one.
Autoplay is not cool
Neither are dudes who talk about fiat currencies being "government issued like uniforms of troops." The FRN is no more government issued than my diarrhea.
What are cool are hot bloomberg chicks who make autoplay videos watchable.
sucks actually. turn down the vol slider.
it just keeps playing after every entry, make it stop!!
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I have to agree with BWD. It really is annoying. I will press play if I feel like it. I like JG a lot, but hearing his interview on *every* pageload is a party foul.
http://www.youtube.com/watch?v=dZVu5IZ1SBA
Regards,
Cooter
If I were China, I'd be worried. Republican supermajority is gonna bomb the f--- out of it to distract from domestic economic trouble. Well, after they bomb the f--- out of Iran to control the strait of Homurth, and the oil supply necessary to defeat China-Russian axis. If EU goes to sh-t Europe will antagonize the Russian Bear to distract their citizen.
They Must distract, or ppl will construct guillatenes for the plutocracy, with idle unemployed time.
#occupywallstreet.
Got a feeling your are correct on the distraction coming. It could be domestic though. Or combination of domestic and international. Something is coming though. Sheeple are waking up a little... and the percent required to achieve critical mass (no WMD pun intended) is not that huge actually.
the plutocracy controls the public relation industry. Thus control the factories of infinite wants, and wish fulfillment. Dream factories are the only kinds left in America.
It's the reason why talent game shows, and reality television are so popular in consumer culture.
Those shows are the last hope in the collective mind of the middle class towards joining the elite and escaping a life that they have been bred to believe is insufficient. Sad.
TV is watched by idiots. All of TV is full on propaganda. Anyone who watches their shit (TV) enables the elite oligarchs.
but can we bomb television? their assets are highly dispersed. i'm sensing blowback from potential collateral damage here...
TV is seriously the problem.
For whatever is coming down the pipe (!!!), sheep will get to bleat to it HD.
As to trades in general, in the vapour/digit world of finance, it looks like counter-parties are a vanishing breed. That is not a good sign. Somebody will call the emperor naked, no?
ORI
Caveat Emptor
It's going to be Iran. The press is warming us all up with morsels of sabres in the sand. This aint gonna be another Iraq. It will be sickening.
Seems that way. And the timing would be about right. We have two big factors going on besides obvious EU and domestic economic issues. First, the promise of soldiers coming home. Are we really going to bring these brave souls home so that they can see what is going on here? Second, the supercommittte was built to fail and we just can't have any automatic hit to MIC budget, can we? Need some impetus to keep the money flowing. Gotta go get them WMD's, right? Heck, put #1 together with #2 and the combination spells real trouble.
I am not saying that Iran is not playing with fire - or that underneath it all they don't desire to see America wiped out - I am just calling it how I see it.
The US isn't suicidal enough to take China on - they own our ass and we need what they make now too badly. China is smart enough to avoid any direct conflict and let the US commit suicide. Economically we're well on the way - all China has to do is wait. The US won't be dumb enough to take China on directly so expect an expanded Middle East quagmire and slow motion collapse.
Odds are we'll get more of the same.....'we have always been at war with Oceania... or is it Eastasia?....in our case it is Islamia..' Cheney and the neocons were pushing for a war with Iran - but a petulant Bush (finally fed up with getting blamed for all of Uncle Dick's misadventures) refused. Even the faux Gulf of Tonkin speedbaoat incident got laughed off for the farce it was. But things are getting desperate for TPTB.
HOWEVER every war game with Iran has ended badly for the US - Iran is far better equipped with cruise missloes and short range missles - supplied by Russia and China who are a bit fed up with US games in the Gulf. You could see the US take serious hits (remember the Falklands and what Argentina did with a few Exocets?). So while the people pulling the strings (you really don't think Bush or Obama were making the real decisions do you?) might want and even get their not quite World War III as both a distraction and 'economic stimulus' - odds are it won't end well. Empires do nopt fall neatly and we're already collapsing. A war will not restart the US economy - all we need is no longer made here oin the US... we're even buying ammo overseas... we equipped Iraq with AK-47's because the US can barely supply its own military with weapons.
BUT there is more to worry about than the current economic crisis and a truly horrifying 'endgame' possible.
There IS one other - and far more sinister approach to the multitude of problems we face. A new avian flu epidemic breaks out. It takes a huge toll in China and South Asia - with massive loss of life - think 1919 but worse. Africa and the poorer parts of Europe and the Western Hemisphere are also hit badly. Expect the elderly populations in the West to be badly affected. This is a pandemic on the scale of the Black Death worldwide - enough to markedly decrease the human footprint on the planet and even slow human impact on climate. This 'natural' tragedy will change world demographics markedly, with the fastest growing nations losing the most people. In one fell swoop, the human footprint on the planet is cut by a third or more. The remaining 'wealth' is redistributed (the aftermath of the Black Death was ppositive for the survivors). The demographics of aging western nations change radically cutting those expenses for retirement and health care. Jobs open up for the survivors, while humanity (or the surviving segment) gets another 50-100 years to deal with its impending extinction.
Think 'V' on a worldwide scale - because if you are wealthy enough there will be a vaccine or treatment available. 'Sorry Asia... supplies are VERY limirted....' This may be the ONLY way left fot the West to prevent the ascendency of the East - and also deal wth the problems of too many people on the planet.
Are people evil enough to try such a thing? ........I do think some are desperate enough. Our politicians have done nothing to address the all too real problems of excessive growth and climate change. The planet cannot support its current population on anything more than a substinence level - so just TRY and tell China, India, Pakistan, Indonesia and others 'sorry.... you don't get to ever have he lifestyle the West has had for the last 50 years.....we don't have the resources. Nobody will act voluntarily even though the issues are planet threatening. China is treading an narrow path in trying to keep its population happy 'enough' while surviving the effects of the growth that is occurring (but pollution is horrid and they are running short of food and energy).
So... what can you do that will really buy some time...... The 'elites' can justify anything in the light of a 'greater good' (and as long as THEY survive).
OWS has lost it's way and become the distraction. It's turning into a warm up for civil war when the SHTF. It's not about banks anymore, it's all about preserving Obama.
"Top down, bottom up!" -- Van Jones, Obama's communist former Green Jobs Czar.
gwars,
You are correct sir. That is exactly what is happening.
We will see more of Van Jones soon.
obama preserved? sounds like high school biology run amok. he's toast.
Obama/Bush Democrat/Republican Left/Right... please. You're falling for the staged Kabuki play insrtead of seeing what's really happening. Obama has been Bush II - hardly the radical socialist some claim. The truth is BOTH parties are owned by the biggest contributors and have sold out the nation and its citizenry - allowing the looting of this country and the enslavement of its populace to pay off the incurred debts and losses of a very few.
You are falling for the false dichotomy that is presented to distract you and give you the illusion that you still have a choice. Stop acting as if you're rooting for a sports team (which is what TPTB would prefer you do - keeps you from actually truiong to change what needs changing) and look at reality.
Fundamentally OWS is close to the truth BUT it really is '99.9% vs 0.1%' - if you believe otherwise you're naive.
Perhaps you should count up the war starters/mongers for us DR, who started the most D or R?
distraction and irrelevant. both are guilty. the war enders look to be republicans now (paul, johnson) probably because they have a big field vs. dems. vote for them, i am. when the war enders are dems, vote for them. that is if you vote, which itself is becoming more and more an act of faith.
I was thinking of bombing the Strait of Vermouth myself. Isn't that right next to the Strait of Hormuth?
Straight of Vermouth? All dried up. But a Straight of Vermouth combined with the Straight of Makers could produce a marked bitters outcome and once landed me in Manhattan.
hear, hear!
You are a fucking dumb ass.
Please cite the last time the Chinese invaded anything beyond their core lands. Lead paint toys? Plastic rice? And you think the Chinese are going to conquer the world? No historic precedent.
That said, it's a fools errand to invade. Leave em alone is sage advice.
Look to history for how populations/nations/cultures deal with war/aggression with regards to neighbors.
Europe is a huge red flashing light. And they have a fat Islamic population in the mix now.
I mean, fuck, if you were an evil, evil asshole, wanting to go long human misery, Europe would be your dream. It's fucking scary what is going to go down there when the funds get yanked. It will be "Islam" vs "Christianity" because its easy to sell to both sides.
God have mercy on us all.
Regards,
Cooter
"Let China sleep, for when she awakes she will shake the world" - Napoleon Bonaparte
Historicaly you are corect - China in it's 5000 odd years of history has never been an aggressive country much unlike the colonist nations of Europe, in fact the opposite is true. The issue here is that China has 2 choices - it can continue to trade as per it's historical norm or it can attempt to colonize or increase it's sphere of influence in the nations in South America, South-East Asia and specifically Africa. The only reason they would take the latter route is if the first route was not available to them.
In fact China is the greatest balwark to further islamic exspansion in Asia. China is not our enemy unless we choose to make China our enemy. Just my $.02 worth.
Tell that to Tibetans. Tell that to India (1962). And where did the term KAMIKAZE come from? The Mongol rulers of China tried to invade Japan. China is no better and probably no worse than most other countries throughout history when it comes to military aggressiveness.
China invaded Vietnam back in 1979 to "teach them a lesson" for attacking it's puppet state in Laos {The khmer rouge} and also for getting to cozy with the russians. After what the vietmanese did to their invading army {outnumbering the viets by about 20 to 1} I understand why they don't make it a habit of attacking their neighbors. They got their ass handed to them.
invading countries, especially for long periods of time and to hold democratic elections, isn't an easy task. see http://www.truthdig.com/report/item/an_all-american_nightmare_this_is_wh...
If you believe this "They [Chinese] got their ass handed to them." you certainly are an obselete man. China kicked the crap out of the experienced Vietnamese Army and implemented a 'SCORCHED EARTH POLICY'... In addition, "on March 6 China, after capturing several Vietnamese cities, declared that the gate to Hanoi was open and that their Punitive mission had been achieved"...
China accomplished in a short time what the French and Americans could not accomplish from the end of WW2 until 1974 when the US finally admitted defeat by leaving Viet Nam with tail between legs. After losing badly in a dispute over border territory, Viet Nam never again attempted to claim any Chinese Territory. It's too bad that the Chinese did not end the reign of terror by the Khmer Rouge which was enabled by the Vietnamese invasion of Cambodia. BTW, I left you a NEG for posting disinformation, being a revisionist historian, and being ignorant of history... Saying something is true don't make it so.
From Wiki...
"The Chinese invaded Northern Vietnam and captured some of the northernmost cities in Vietnam. On March 6 China declared that the gate to Hanoi was open and that their punitive mission had been achieved and retreated back to China. Both China and Vietnam claimed victory in the last of the Indochina Wars of the twentieth century; as Vietnamese troops remained in Cambodia until 1989 it can be said that the PRC failed to achieve the goal of dissuading Vietnam from involvement in Cambodia. China achieved its strategic objective of reducing the offensive capability of Vietnam along the Sino-Vietnam border by implementing a scorched earth policy. China also achieved another strategic objective of demonstrating to its Cold War foe, the Soviet Union, that they were unable to protect their Vietnamese ally."
http://en.wikipedia.org/wiki/Sino-Vietnamese_War
Maybe we could send guns to Mexican terrorists... oh, wait....
next fed chairman under president ron paul...
No, next Treasury Sec'y.
Sorry, you might be right. Just get him in there!
That would be B!tchin'
Under Ron Paul, we wouldn't have a Federal Reserve. So, I would nominate Jim Grant for Sec of the Treasury. Under anyone else, I'd nominate him for Chairman of the Federal Reserve (as the Federal Reserve will continue to exist under the rule of all other presidential candidates).
Ron Paul has actually mentioned Jim Grant as someone he would consider for Chairman of the Federal Reserve. Ron wants to End the Fed, but not abruptly. There would necessarily be a transition.
RP is the last hope for America if you want the America from the history books. If he falls down in the election, its game over for the little guy without a lot of blood split.
Seriously, look at the debate.
Please work on your close friends/family in this regard. There isn't really another option.
Regards,
Cooter
register republican and vote in the primaries. it's what both the teaparty founders and the ows logically should do. neither obama nor the koch brothers offer a useful solution.
"neither obama nor the koch brothers offer a useful solution."
"Power doesn't offer a useful solution." There, fixed it!
Sigh, people have been way too programmed. I tried this logic on anti-war "liberals" and they just couldn't grasp it: I suspect the same would happen on the "flip-side"- for anti-war "conservatives."
I have but one life to live and I figured that it wasn't worth sacrificing my life for a bunch of idiots. The System is rigged, and it's destiny, as is the case for ALL empires, is collapse. All these piddly machinations are no more than hopium.
"if you want the America from the history books"
Which history books? And, which era?
Whoever wins the wars gets to write the history books.....any era.
To "brew": "the next fed chairman under president ron paul" + 1,000
There's two things you don't fuck with: A man's family and a man's money. When you fuck with the latter, you fuck with the former, and it never ends well.
They have fucked with both like they were street corner hookers since before you and I were born. It is just our warped perception of reality that made it seem normal. What has people starting to wake up now is the extra-special, no lube sort of dry humping going on now that game is nearing it's end.
There's nothing more dangerous that a man who has a clutch of hungry, crying kids.
No doubt. My primary responsibility is to my wife and kids. TPTB know that when the bread and circuses run out that it is days at most before chaos hits. For this reason, these will be last things to be allowed to fail.
Love those ads... / sarc
...Mercedes is now "poor man's Bentley" around here anyway...
Excellent commentary.
They did buy last session, the only reason for the equity meltups and the slight fall in Italian bond yields. The market is now 100% clueless. Major volatility ahead.
holy shit get that fuckin ad outta there. You gotta be kidding me with that.
ECB mimics benonomics
I'm not sure Germany tolerates money printing. I think memories of the hyper-inflation are in the blood. I think they quit the Euro if it comes down to that.
Maybe some native Germans can comment on that.
For the average people not so much anymore. The Inflation was 1923 and to have experienced it first hand someone must be well over 90 years old ( or be willing to listen to the old guys.) In the central bank that might be a different story; there is a strong preference for hard currency.
Looking at the most popular german-langruage goldbug website it ranks in in Germany 597 while Zerohedge ranks in the US 787.
In Germany the amount of people really worrying about inflation and taking action might be higher then in the US but likely it is well below 1% of the population.
just slightly off topic: when gold is really in a bubble what will those numbers be?
If you're lucky you'll be able to get a box of shells for your WinMag70.
Get rid of the socialists and their parasitic constituents and you get rid of the problem.
Speaking of parasites: -1 for beating your girl. I've got that right don't I? You're one of those 'tough' guys? Someone else payed for your room and board while you were incarcerated, so everyone posting here can ask you to cough up some cash, you worthless leech.
Or are you suggesting that you yourself are one of the first that should be 'got rid' of? Hmmm, you may have a point there....
I missed your point.
Can you put it in terms of intellectual economics theory?
All I saw was misguided emotional trap.
Trying to bridge the gap here, but you gotta work with me.
Regards,
Cooter
Hey np. I have to do a bit of assuming, but let's see if I can add it up for you:
The Finger wrote: "Get rid of the socialists and their parasitic constituents and you get rid of the problem."
I'll leave 'socialists' alone. Personally I doubt if our cowardly pillock here would know one if they left money on the table for him in the morning, but from the comment I would guess that he labours under the conditioned misapprehension that it has something to do with any politician that runs a budgetary deficit (barring any incurred by military spending, which I would suspect he considers sacrosanct). If so: yah, whatever, great, look to Norway for an example of how to balance a budget.
'parasitic constituent' is my main complaint: If he is so weak that he has to beat women to feel masculine, he should be punished. Granted that's entirely a value judgement on my part: I'm simply not into that type of backward interpretation of Islamic Sharia, or 'rule of thumb', or whatever the third Abrahamic faith calls it. I think it's disgusting.
But you and I have to pay for his 'punishment', to clean up his mess; so he's one of them there parasites he supposedly wants gone.
So unless you and he are in total agreement and want to start the National Wife Beating League as an alternative to football on Sundays, or unless he's willing to reimburse you and I for our expenditure in keeping animals like him locked away and cleaning up after them, or unless he's suggesting we start with him in the 'getting rid of' I'm calling
HYPOCRITE!
(and worthless recreant turd, too, in case anyone missed it)
Oh, this is kind of fun, but I must confess I won't respond past this post. So, keep that in mind.
Oh, this is fun!
Hmmm, curious interpretation.
You used some cool words (points in my book - it shows intellect), but your argument seems to define the debate in terms of wife beating. I just don't get it.
To quote a color blind man visiting a beautiful rose plantation in Tyler, when he was asked what he thought by his host, "I guess I have nothing to offer."
Carry on with your WBC (Wife Beating Crusade).
Regards,
Cooter
P.S. Why would you promote wife beating? I mean, that went out with rail travel and getting married as a virgin.
Hell, this misunderstanding is not your fault in the slightest.
I took something else for granted: that you knew that in a separate thread responding to TMos, The Finger up there literally claims to have recently been released from prison, where he spent some time for beating his girl. I recall him being callous and flippant about it; remorseless.
Yeah, that was it. Hurdy Hur Hur. Makes my blood boil everytime I see the coward posting here... of course without knowing that the rest doesn't follow at all.
My bad. Hijacked the thread to rage at someone who, if he was on fire, I doubt I would cross the street to piss him out; wasted everyone's time...guilty
And how do you know he's a coward? She might be a lot bigger than him.
As a person, you mean? Moot. If you meant pound for pound, in his own words:
"... smacking my girlfriend around."
That, combined with the prison sentence, hardly sounds like a case of self-defence to me. More like a case of him being too little of a man to satisfy her, and even less of a man to beat her for finding someone who could.
How much would you be willing to wager that you're correct on this?
I'm able to disprove your point w/o even having to pull out a gun: simple math is all it takes.
I suspect, however, that you'd be unwilling to let go of the scapegoat to all your "problems."
Jim is a P.I.M.P.! BITCHEZ!
http://www.youtube.com/watch?v=rAPM7syIcts&list=FLbRZZAixeFXZfqszvKisEdQ&index=2&feature=plpp_video
Uploaded by RussiaToday on Nov 10, 2011
This week Max Keiser and co-host, Stacy Herbert, discuss European gold wars and the brokers at the Chicago Board of Trade telling others to get a job while they can't even do the one job they have. In the second half of the show, Max Keiser interviews James G. Rickards about his new book - Currency Wars: The Making of the Next Global Crisis.
The Point of this being.. (other than its Max) is Currency Wars!
http://www.youtube.com/watch?v=6pqBNO3d96I
Uploaded by TheNewWaveSlave on Nov 8, 2011
http://www.ToddWatson.com - Jim Rickards discusses his new book "Currency Wars" and gives valuable insight into the current economic conditions. If you have seen my channel, you know that I am a big Jim Rickards fan because he gives analysis that has proven to be not only correct, but is a glimpse into what will be happening in the future. Jim gives a great explanation to the paradox of the rising Euro when it appears the EU is falling apart.
I have pre-ordered his book: "Currency Wars", and I would advise you to do the same. Gain understanding into the current economic crisis and look smart to your friends by checking out what Jim Rickards has to say.
my problem with his views on China are WAYYYYYYYYYYYYYYYYYYYYY off base becuase the Yaun / Renminbi is in FACT! Leveraged 1,200% (as of the middle of this year.. so several months ago).
http://www.youtube.com/watch?v=JN5q_0H41VE
Uploaded by BrotherJohnF on Nov 10, 2011
The Petrodollar Explained
Thanks for the Rickards video.
My book is in the mail, but I won't have it before next week. Would have loved to have had it by this weekend!
Regards,
Cooter
bottom line - huge government intervention and manipulation in thin, low volume "markets" whether you like it or not and now others are playing follow the leader
There is a big down channel chart pattern to DOW JONES and a "inverse head-shoulder" to VIX that take the equity markets to new lows
See here : http://pracompraroupravender.blogspot.com/2011/11/o-canal-de-baixa-do-dow-jones-e-ocoi-do.html
well short term - 10 minute SPX and INDU (Nov 9 and 10) showing inverse H&S
Jim Grant makes bow-ties look cool.
Bet he is doing Bolton right now.....
Bolton's hot. I would mind even seeing her with a bow tie.
Jim Rogers wears bow-ties too. Pretty much it is Grant, Rogers, Faber, Hugh Hendry and maybe James Chanos. The rest of the financial talking heads are a joke. Steve Santelli is pretty good but I don't watch TV. CNBC is total shit.
Kyle Bass
Max Keiser
Murray Rothbard wore one too. In fact a lot of the Austrian scholars do. http://mises.org/store/Mises-Crest-Bow-Tie-Burgundy-P76.aspx
The next time I buy tailored dress clothes, I am going to insist on a bow tie. I will also make the salesman show me how to tie it because I haven't a clue! But I should. Why not!
I like not fitting in, it shows intellect and independence. I come by that naturally ...
Regards,
Cooter
Youtube. Be careful you're going to be a sexy beast.
http://www.youtube.com/watch?v=AEjF-MzzqaE
"CNBC is total shit."
"but I don't watch TV"
Another "well informed" opion from the party troll...
"Money printing" does not bother me one bit based upon Friedman's work. mv= py= GDP v has dropped so m must increase. Very simple. Grant does not get this.
Funny. You mean that one man's liability is another man's asset so all things being relative, money printing is relative as long as the nice, little linear, closed-system equations that are devoid of any real human intent and disregard credit money and derivatives are balanced? Cool. I think the next logical suggestion is that the problem we face in fact is too little money printing to really be effective since it is government's responsibility to compensate for private sector economic contraction. All things being equal and balanced of course.
The shadow economy "printed" far more money than the Fed has. This "money" as a component of M3 has disappeared.
If current economic dogma (oops, I meant theory) is correct, all should be well then. :-)
That's right. All should be well. Blue skies everywhere. That is, until "something" happens to cause "V" to pick up. That may cause things to become unequal and unbalanced...maybe. Do you think? Could be especially problematic in a world where TBTF banks do not have to adhere to regulatory discipline, moral discipline, or market discipline.
As in 1923 Germany where both m went through the roof hence causing v to go through the roof (picture wheelbarrels), yes we have hyperinflation since y has not changed hence p must. So the inflection point will be where v picks up but no one is willing to reduce m. We are no where near that and those will be relatively easy metrics to pick up on.
Surprise surprise, why on why don't the fed report the numb-ah any more... surprise surprise.
The whole fucking thing is rigged, from Alpha to Omega.
Rigged I say, Rigged
Bastards
Fact:
1) Nothing is static- past performances are not necessarily guarantees of future performance;
2) That which cannot continue forever won't.
Just about anything can be successful if measured in the shortest amount of time.
I'll take physics and math over the Fed or any other "economic" concoction.
Yeah. Like Fox news. Now I get it!
Thanks, amigo.
You need to read A LOT more about the money system. The Fed cannot print money. It can print debt to buy UST's.
The commercial banks create the debt-money in our system - all at interest. Please start with MOdern Monetary Mechanics.
There is no real money printing. Just the creation of more debt.
Not a good time to buy farmland? Somebody should have told Heavy D.
location location location
Burlesquoni, go hang out with Mario In-Drag-i.
ECB printing will put us back in recession within 6-9 months by the laws of Biflation, the new laws of macroeconomics
There is an old article pre: 2008 about the ECB going bust. I'll try and find it.
can't find it but it was written by this guy http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_024.asp
Thank you very much.
Buiter is the bomb for this sort of shit.
I will raise you the following ...
http://www.zerohedge.com/article/buiter-%E2%80%9Cunnecessary-undesirable...
... oddly enough, the PDF was yanked ...
ZH RULE 1: Save the PDFs for your bunker!
Regards,
Cooter
well, there you have it.
Band-aids for bloodbaths, tranquilizers for psychic schizms and self-hatred, QE for insolvency, political musical chairs for structural collapse....................oh the narcisism and idiocy and lack of rigorous honesty! A happy death awaits.....
don't forget your daily 2 minutes of hate
Nor the 2mins of Truth.
Jim is brilliant.
Unfortunately, here is the 99% of what people get for advice..
http://www.youtube.com/watch?v=ycUsbn7GJ6M&feature=feedu
You mean ECB is commingling with its country client money? Not to worry, you money is safely parked in BNP and SOCGEN, it just that you cannot get it back.
Ya know, when everybody's printing, you don't need to do hard accounting. You just take whatever you need. Need some more? Sure.
does this sound inflationary or deflationary?
we are all cramericans now..........
"The Fed has Nationalized the YIELD CURVE" Rewind, replay, brilliant.
the bastards have the zirp cavalry
hell bernank is talking to troops now..."independent within government" indeed...sure seems like politicking to me
Well, they'll be needed in order to confiscate the gold that the banks will need to keep their game going...
To caerus: Sure as hell is. USAA is royally pissed that JPM et al (the Fed) repossessed homes of military personnel sent overseas when they were unable to keep up with payments. Hence major reason for heavy military contributions to Ron Paul....Obummer's running scared on this so he trots out Ben.
Plied Higher and Deeper!
Krugman is right!
Ah hah! My confirmation bias confirmed!
Krugman is nuts.
If Krugman is right and I think the whole fucking planet has gone nuts.
Then I am Krugman?
No... the whole fucking planet is nuts. That's where I meant to get to.
The whole fucking planet has gone nuts.
(Pheew! That was close)
The planet can never go "nuts". Alligators are millions of years old and it stands to reason, if you are "mathy" that alligators will be around when humans are gone.
Nature is behind all of this, waiting in the wings. In time, nature will rule the day.
Not to steal a line from TPTB, but this is all ... well ... transistory.
What the planet really wants is ... plastic. Yeah, whatever, spare me the tree hugging hippy bull shit, the planet invented humans because it wanted fucking plastic.
http://www.youtube.com/watch?v=NBRquiS1pis
Regards,
Cooter
That girl is quite pretty. Any more videos of her? I need more trading ideas.
Interesting video in all seriousness.
ZH exclusive - Sandra Bullock interviews Clark Kent!
so the fed and the amerikan military are related? isn't that special? and now we talk about farmland in iowa..........hmmm food...........
water. potable water.
100% chance of printing.
Watch oil hit $160 before Christmas.
I don't think we will make to christmas.
Nice editing on Gloomturd's end.
Cliff notes:
1) World is overleveraged
2) World is going to overdrive printing
3) Farm land is too expensive.
No wonder you Rue Paul types like this. Makes no sense.
Price is a sword.
But, in your wisdom and genius, I didn't need to point that out.
Carry on with your worthless posts, the masses await!
Regards,
Cooter
"Carry on with your worthless posts, the masses await!"
Thanks, Cooter! I was wondering whether it was just me who was seeing/tiring of this. Trolls suck!
Rue Paul is in office now.
time warner wrote me a note this week. cable internet is going up from 50 to 55 /month. juar like that, 5 dollar increase.......if you don't like it , tough..........what a a rip off.
everyone should just cancel them...who needs that shit? Got to keep switching to stay cheap, how about fios?
LMAO!
Fios!
Hah!
Ok, stop, it hurts.
I don't even want to start on the (10 year old rant now for me) that the capital cost for Fios DOESNT MAKE SENSE. Great, I am happy Fios has 5% of the market or something. Let me know how that works out for you.
Forgive the cut-and-paste, but I am really pissed off now. Shaygan can go fuck him self. This is from the comments section of CIO magazine about ten years ago on Shaygan Kheradpir before they pulled it. The Verizon employee base went apeshit on the comments section. This is what I saved before it went dark ... the article was "Sleepless In Manhattan".
Now, I wonder what Mr. Shaygan Kheradpir is up to these days. Oh, AMAZING FUCKING THAT! Barclays!
This son of a bitch is rotten to the core.
Regards,
Cooter
Wow, that is one long post Cooter. I read the whole thing and it explains why Verizon Landline division is so screwed up. The cost per install of Fios is astronomical and is a huge money loser for Verizon.
Sigh, I could only wish... I'm stuck with using 3G for Internet- too far out in the rural hinterlands for DSL or cable. And talk about being gouged: and then there's the limits on data. My only options are either satellite or carrier pigeon.
I buy and sell farms so let me say Grant used a lot of poetic license with his numbers to illustrate how fucked up the Fed has made things. $17,000/ac for farmland in Iowa is NOT remotely the norm. That was paid by some farmer trying to outbid his neighbor for a piece of land. Good farmland has indeed been bid up and cap rates have fallen, but there are good investments to be had at 4% to 5% caps.
I'd further add that he's measuring things using metrics that won't last.
In the future farmland won't be a big mono-crop, corporate affair. It'll also be far more important: declines in cheap energy will result in more local farming.
Today there's the need to generate returns in order to pay off those big loans. If the banks and the mortgage holders aren't around to collect then this pressure will be greatly reduced: I hedged for this possibility by not cashing out my mortgage (why burn the PM now?), and am content with meeting my contractual obligations as long as someone is there to collect.
Deirdre is pretty hot! Another charming young inteliigent Irish lass with a nice pure look just like Margaret Brennan and Erin Burnett! unlike the fake titted nauseating narcississtic US dumb as rock cunts that do not have an ounce of charm in them!
IS the ECB "Stealth Printing"?