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Just so you don't call them "credit events."
breaking news.......susan li is so fucking hot tonight.....
I wonder if since we are loaning out more of our "USA money" to other nations then they pay us interest correct?
meaning we give to IMF - IMF loans out to Italy - Italy pays loans (hehe) and IMF gets interest - IMF redistributes interest back to USA
Somewhat correct. I still believe that they take the market on whatever direction on news they tell the MSM to say. Playing the opposite of money flow.
What I don't get. If most people went short on Friday and it is Crash and burn for them. Would not just as many went short Gold.
So why is Gold up. The way it worked before was that bad news was good on a QE thought. Now good news is good news. Don't buy it.
I think it is all bad either way. Americans in general are Fucked. The 1970's inflation is already here. More Credit. Please!!!
I was born in 1979 so I dont know what the 70s were like but if its only as bad as the 70s I can handle that - I just figure it will be much much worse.... dont you?
The 70's was only bad because of turmoil in the oil markets, particularly the oil embargo. World oil production could still increase, as did wages (adding to the inflation problem in the 70's). In today's case, world wide oil production has FLATLINED, you also have a 704 TRILLION dollar derivatives market set to implode, AND the capital and energy cost for generating energy across the the board is no longer profitable because the purchasing power of all fiat and WAGES have declined across the board. Inflation in the 70's was brought under control because the U.S.A. still had a realitively low debt burden and there was room to raise interest rates and still service the debt.
THAT IS NOT POSSIBLE now thanks to the Bernake and his zero interest rate policy, now extended indefinately. The U.S.A. is Japan 2.0.
Look, there is a very real cost for creating capital out of thin air, especially if that capital does not go into real innovation and things of physical value. Since 2001, that capital has been gambled away in pointless wars and "financial products" and "financial engineering" (i.e. cooking the books by financial fucknuts to keep the billion dollar bonuses coming), the absolute worst case scenario.
The 70's will look great compared to the capital controls, bank runs, and rationing that is coming. Hedge accordingly (cash, physical assets of all flavors, but particularly those that also generate revenues). The big boys, folks with hundred million dollar incomes are about to start fighting each other, you don't want to be caught in the middle of this throw-down.
"I Want More Porn"
slewie re doom :
"The Creature From Jekyll Island", by G. Edward Griffin (Top Right, click DOWNLOAD and then Download Anyway):
He's still alive, and writes a newsletter: http://www.realityzone.com/currentperiod.html
Monkeys to the rescue! If we get enough monkeys and enough typewriters in the same room they will come up with a solution to the European SPENDING crisis!
there is more then enuf monkeys on this page already!! check it out
SERIOUS COMMENTS ONLY!
Yes Sir Mr. Monkey Butler
WATCH OZZY http://www.youtube.com/watch?v=M0QNOJj3yho&feature=related
I need to lay down with a cool wet rag on my forehead and watch the futures go up. This is just too much for me.
The Chiefs QB is absolutely terrible too! Man, that Palko guy sucks eggs.
what was that, two or three interceptions in a row?
Two but, give him time, he'll get that third one for you.
he's no tim tebow...lol
I was sure there wasn't anyone worse than Curtis Painter for the Colts...errr...I might have been wrong.
Curtis Painter fans here?
Stay in Cash. Buy nothing. This is the biggest joke on honest Americans ever.
Another phony exercise on screwing Americans out of money being handed to another nation.
We build roads and bridges in Iraq and let Americans ride into rivers in America.
We rebuild Banks owned by the Goldman Sach's banking Cartel and the Fed bails them out.
Yet America is now: Worse than Japan Now. Zhombie banks and Markets coming to you real soon.
I hear ya, Japan is more expensive to live in by far though
RE: Stay in Cash... Sound advice as long as your bank doesn't go belly-up.
1) FDIC: At $7.8 billion... FDIC Fund is nowhere close to be able to cope with a problem with one of the TBTF banks. "DIF Balance Continues Positive (FDIC Quarterly Banking Profile, November 22, 2011) The condition of the Deposit Insurance Fund (DIF) continues to improve. The DIF increased by $3.9 billion during third quarter 2011 to $7.8 billion (unaudited)"
2) FDIC: Borrowed $ from the Treasury during the S&L crisis in the 1980s. Congress extended this to $100b and up to $500b, but the latter was only thru 2010. So Congressional action is required to loan money to the FDIC.
3) BoA is in trouble. Under the new rules the FDIC can step in and run BoA (think cronyism is bad now, just wait until the politicos get their hands on a big bank). A BoA hiccup would wipe out the FDIC's fund in a heartbeat.
UPSHOT: I'd spread your funds around to multiple institutions, including high-quality Credit Unions. BankRate.com has reviews on banks; good place to start to see if your bank is in good or bad shape.
Suggestion; suspend euromeltdown until after American consumer binge. It's like mixing pickles and strawberry ice cream.
Awww. That's cool. They referenced Zero Hedge! And issued something "even a caveman could understand." Like me! Well, I'm more like the caveman's dog...but hey, "we're tight, bro. real tight."
Wow. So many items for Ben Bernanke to take care of. But, I'm sure he's up to the task of destroying the livelihoods of private citizens to protect the too big to jail banks.
To repeat the old quote from Kissinger about politicians acting in a crisis, “The illegal things we do right away, the unconstitutional take a bit longer.”
i prefer Clint Eastwood: "a man's gotta know his limitations."
Stock Market going up on IMF bailout for Goldman Sachs, JPMorgan, Citigroup, BAC, Morgan Stanley Bailout.
Americans Will Bailout Goldman Sachs and JP Morgan so Lloyd Blankfien and Jamie Diamon receive their Millions of Dollars Bonus.
The FED will make it so, as before taxpayers are going to bail them out while the taxpayers get austerity bailunder.
LOL on Americans sorry Banking Cartel bought and paid for by the Banksters. It is a Supreme Court Mandate.
So if Italy's taken care of by the IMF, who's gonna take care of Spain? Belgium? Greece? Hungary? Slovenia? and dare I say France? They get a hole plugged up and a leak starts elsewhere.
That's for next month. Right now, they're just trying to get through tomorrow. More the point thought....who is going to save the USA?
It's just pathetic now.
You need to reference the 70's to reflect what the FED is doing.
Americans will not make money in the Stock Market and Inflation will eat savings.
The only rich Bastards will be Goldman Sachs and JPMorgan getting their Bond holdings in Europe Bailed Out.
Don't leave out the UK..... Oh, and Germany, after they absorb the hits........
No one is safe when the music stops.
Greece is already fixed. Didn't you notice when Merkel/Saroky told the world that they have a plan for a plan for that situation?
So that is done, and as Paterno told the Board of Trustees before he was canned, I don't want you think about it for even a minute.
What time of day do the auctions usually take place?
Let the Fed buy some futures contracts to ramp up the market until the Belgium and Italian Bond auctions go tits up and their bond interest rates soar like an eagle in an updraft. Reality will bring all the hop (ium) heads back down on a bad high...
Fuck Everybody. Here is Mr. Zakk Fucking Wylde.
Even CNBC is saying the Italy / IMF report is 'misleading'....WTF?
ah damn what a classic.
Quick EUR drop, why?
Ok, what just happened? ES falling off a cliff.
Financial press: There is no discussion within the G7 for large IMF package for Italy $$
LMFAO. I'm sexy and I know it.
Just a glitch in the software. They've installed the patch now. We'll be back to 25 handles in no time. Sorry for the inconvienence.
If it breaks 1.3275 its going to go back to lower than Fridays close. Unbelievable.
REVEALED: More Details On The Fed's Breathtaking $7.7 Trillion In Loans To Large Banks
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
REVEALED: More Details On The Fed's Breathtaking $7.7 Trillion In Loans To Large BanksRead more: http://www.businessinsider.com/bank-bailouts-2011-11-27#ixzz1ey5LUT5s
It still looks like financial storm clouds building in Europe. The possibility of the Fed getting involved in tossing in a 600B life preserver should make everyone in the U. S., very uncomfortable. It's a wait and watch week.
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