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Now that I'm finally a member, I can tell you that I have been enjoying your posts for a long time, ma'am.
I dunno, when it gets that complex, I'd say it's just imaginary.
Math is Art.
Flakmeister said:
The fiat currencies of the world are on a race to
e^([pi]i) + 1
Yep. Exponential growth in population is required to absorb exponential growth of the money supply.
Let's play a game of chicken. Which one of these will swerve (breakdown) first?
Apparently you haven't seen the chart on AAPL
Avoiding Armageddon:
"Honey, it looks like there's armageddon in the road up ahead. What should I do?"
"Just go around it."
It's rally time and QE to infinity!!! Bernanke and the Federal Reserve have an infinite balance sheet. They can buy all the US debt and make it disappear.
But then again you'll just be paying an outrageous amount gal for a gallon of gasoline and commodities will be unaffordable for so many. It is what it is. Both the government have buried us so deep there will be no way to get out.
We will all need some serious raises..
Can we just call it the high costs of "the war on Terra"?
Reps and Dems are like Thelma and Louise....
We are making a run for that canyon and by god we're gonna make it to the other side!
The Democrats had complete and overwhelming control of Congress and the White House from 2009 to 2011. If they thought they needed a tax increase, THEY COULD HAVE PASSED IT.
The Tea Party in a major earthquake of sentiment change undid about a 40 seat Democrat majority in the House and provided the GOP an equivalent lead presently enjoyed. With this new power, and bear in mind the Tea Party ran on ONE ISSUE AND ONLY ONE ISSUE, CUT SPENDING, we have this year in FY2012 a level of spending that is down $4 lousy billion dollars from the baseline projection. That's out of 3.6 FUCKING TRILLION DOLLARS! The Tea Party's upheaval accomplished 4 billion off 3.6 trillion. Total bullshit.
Now we have Sequester looming, as well as more cuts from the initial 900 billion of the celing deal that added the sequester, scheduled for 1 January. Who thinks they won't be shut off? There is no way in hell the sequester cuts plus the FY2013 portion of the 900B from the ceiling deal will actually take place. And lets keep in mind the Tea Party let the payroll tax cut expiration get extended.
THE BASTARDS WILL NOT CUT SPENDING. AND THEY WON'T RAISE TAXES.
This whole thing is going to disintegrate.
Red Party, Blue Party, who the hell still cares.
Giving up politics is like giving up drugs.
Just walk away.
At least weed gets you high.
uhmmmm, Hey crash, not the tea party, the republicrate party. Please do not even consider the two in the same sentance. Many many republicrates claim to be associated with the tea party for election purposes (lies) only. After that their true colors return, and damn if it aint the same colors as the demicans. The particular color shade I believe is called "spend".
No kidding, everyone knows there's no such thing as the "Tea Party."
That's just a story to scare the kids.
Way too late, champ. "It's" already long gone. Just cause someone shuts off the hose doesn't mean all the liquid disappears.
Pressure is already long gone with fat bonuses handed out before it was over.
FUCK THE POOR!
CrashisOptimistic said:
The War Party has had complete control of the House, Senate, and White House longer than anyone currently alive has existed. Anything that the Party wants passed gets passed.
http://en.rian.ru/mlitary_news/20120320/172280534.html
Medvedev Vows to Counter European Missile Shieldhttp://en.rian.ru/world/20120320/172283042.html
GOP Budget Plan May Avoid Sweeping Defense Cutshttp://www.defensenews.com/article/20120320/DEFREG02/303200001/GOP-Budge...|newswell|text|World%20News|s
The JOBS Act Is So Criminogenic That It Guarantees Full-Time Jobs for Criminologistshttp://www.huffingtonpost.com/william-k-black/jobs-act_b_1366565.html?re...
And they are not done yet
Thank you very much for this screenshot. *lol*
This whole story is beyond ridiculous. And please don't tell me that NOT everything is only running on hot air (borrowed money).
We will see.... inflation has to hit reality at some point IMO.
Looks like we will need a bigger shovel soon.
Is this big enough ? www.rockymountainroad.com/category/6325/2003-cat-325c-fm-excavator.html
Time to upgrade.
"Terra"fying
Just in case that chart didn't make you throw up, take a look at this ...
http://economy.money.cnn.com/2012/03/20/professor-bernanke-rails-on-gold-standard-6/?iid=Lead
oh, that's rich.
There is not enough gold, Mr. Bernanke dipstick, unless you let the price go up. He is not this stupid.
But you know what?
They are scared...scared of Gold!!!!
Their not scared of Gold, their scared of the slaves becoming empowered. The last thing they need right now is the unwashed using their own weapons against them. Price will keep tumbeling till the lights go out IMHO.
Gold was the reason the depression lasted so long, they could not print gold! What Benny didnt mention was the cause of the depression, the massive expansion and then contraction of credit by his beloved federal reserve.You know, the third national bank that Thomas Jefferson warned us about, and yet is still around after 99 years. Its time for some change we can believe in...
Wow...the Bernank looks terrible. Would like to see an '07 and Current photo of him added to the High Cost of Armageddon Avoidance Chart.
Interesting that gold rose 236% (since 2007 from $700 an ounce to $1652) ...same amount as the Fed Balance sheet expansion.
Goldbugs may be right after all!?
Avoid Armegeddon? Hell, I'm hoping it comes. I've got my V8 interceptor all waxed up and ready to go in the garage. I've got 200 cases of dinkie dee dog food, a mut for a companion, some football shoulder pads, and a bunch of trinkets to trade in Barter Town. Mad Max, here I come!
Cigarette and booze economy after the Banksters are done with us all. Remember, POWs gave up their meager rations to trade them for cigarettes.
I'm stocking up on luxury goods; tooth floss and soap for example.
Bud Fox is right.....we need a dose of Armegeddon.....clean out the underbrush.....start over with a clean slate, no CBank
Would that be a Jensen Interceptor? Circa 1973 with the Chrysler 6.7 liter V8? Man - that car drinks more than I do...
Won't be enough gas left in the States for you to go Mad Max!
yes, we have no armageddon
we have no armageddon, today
How much for that armageddon in the window?
Bernanke cakes, Bernanke cakes,
Bankers' man,
Make Armageddon,
As fast as you can.
Roll it, print it, mark it with a B.
Put it on the balance sheet for the muppets and me.
Bernanke's bridge is falling down, falling down, falling down...
Bernanke's bridge is falling down...
Arm-a-geddon.
Ring around the toilet,
Bernanke's going to spoil it.
Flush it, flush it,
the dollar goes down.
My war lies have a first name
It's O-S-A-M-A
My peace lies have a second name
It's O-B-A-M-A
Oh I love to swallow them every day
"How can you hold it down?" you say?
'Cuz Bammy and Congress have a way
with B-O-L-O-G-N-A.
Oscar Mayer Amschel Rothschild
Has anybody out there set up a model to project where our economy would be if these guys who are not that smart had not decided to mimick a bloated economy with printed fiat, capital destruction and malinvestment?????
Oh, but they are smart, pulling off this, the greatest heist in history. The only ones that did better were the ones that converted their marks to dollars in 1922 and sent them out of the country.
It was all about relying on pulled forward demand....
Hey, BAU might have had another 25 years to run...
Actually, the 70's oil shock bought 20 years (look that rate of growth in oil up to 73) We sucessfully pissed that 20 years away....
The chart is mislabled; it is the cost of having a government that is subservient to the banks rather than the people.
I'm betting there's going to be a few container ship loads of cash trying to land on a small pile of precious metals when this baby goes bang.
You can't bring money to hell or Gitmo.
All you have in the end is your soul.
If you push high enough, your end can hold various other things than just your soul. But if that's where you put yours...
The cost/act of avoiding Armegeddon will result in Armegeddon.
Talk - no sing - about a rock and a hard place: ttp://www.youtube.com/watch?v=OyTLuith1Qs
Take note of the lyrics.
ah. 2007. Before the Machines took over.
March 2007: I can distinctly remember reading Barron's while riding the bus on the week after Lehman injected money into their 2 high yield bonds funds thinking "how is throwing money into the fund going to solve anything?" Good times. Half decade of no returns on equities.
Everything your broker tells you is bullshit.
The solution is simple: conjure up another eleventy trillion dollars out of thin air, and then S&P 500 will surely be at break-even!
The village magician he was there,
doing his favourit trick,
Lilfting his foreskin over his head,
and disappeareing down his prick.
Print, baby, print!!
Hey Fuck You with the Bush's Fault , Please Fuck Yourself.
That Moron should never have been elected. I will Pound You, Faggot.
Was that directed at me, or your usual audience of the pigeons in the park?
Safe haven.
It's a fine chart, but the "budget deficit" comparison deserves clarification.
Obviously, if you don't put the costs of waging war in Iraq, Afghanistan, and Pakistan in the budget, the "budget deficit" would be much lower. That's why the '07 number is so low.
More important than the "budget deficit" is the "Federal deficit," which for the past decade was averaging in the area of $7-800B.
(This is important, because if you don't pay attention, they'll start pulling stuff off the budget again and publishing numbers showing the budget deficit decreasing dramatically, and everyone who was focused on that statistic will have to deal with "gotcha!" bullshit.)
I'm sure that all the poor people who are struggling to make ends meet are eternally grateful that the system was saved. The wealth effect created must have them feeling better all the time. I'm sure the extra cost of food and fuel is well worth bailing out a few billionaires to them.
Exactly.
Everytime i hear a narrative about Bernanke and Geithner saving the system, i want to hurt somebody.
They were the ones that caused the system to break down to begin with. And as it was apparent is was breaking down in 2006/2007 they did NOTHING to repair it. As a consequence millions of people lost jobs and homes, and except for the top 20% the citizens of the US have barely started to recover.
Someday the PTSD of the bottom 50% is going to become very tangiable.
But hey Geithner and Bernanke sure did one Heckva job.
They were the ones that caused the system to break down to begin with. And as it was apparent is was breaking down in 2006/2007 they did NOTHING to repair it.
Bullshit. If you're the big Fed fan you sound like, the time for "intervention" would've been back in 2002 before the liar's loans and "Flip this House!" were getting into the spotlight. Back when the head "liberal" economist was writing about how the key to saving the world was to transition the tech-bubble into the real-estate market. Bernanke wasn't Fed chairman back then, it was Greenspan.
By 2006, when it was obvious to anyone who cared (and even being realized by the dimmer bulbs), it was FAR too late for the CB to do anything. The damage had already been done--if anything went wrong, the banks were broke and they knew it.
What do you think the should Fed have done in 2006 that would've helped? Raise rates? Way too late to prevent all the bad mortgages from failing, or MERS from clouding the title system. Federal debt had already ballooned out of control--higher rates would've driven up the expense of rolling that mountain of debt.
Lizzie, didn't the Greenspan put have a bit to do with this mess, too? And the repeal of Glass-Steagall?
Bernanke, Greenspan, LTCM, the repeal of Glass-Steagall, QEx, TARP, TWIST, MERS, MF Global, et al., are just different turds in the same burning bag of crap that's been left at our front door.
They forgot to include "Food Stamp Participation". That's another doozy.
Low balance on the Federal Reserves's balance sheet. It's shopping time again, unlimited balance sheet Washington!!
China and the Saudi's will just keep accepting decling in value treasuries.
That Saudi prince kept pouring money into a declining Citibank. See, there are suckers worldwide. Plenty more around.
A lot of people won't get no justice tonight.
http://www.youtube.com/watch?v=ga4wASz39Fc
here is BDM answer to gold standart
http://economy.money.cnn.com/2012/03/20/professor-bernanke-rails-on-gold-standard-6/
Indirect Bidders dropping off. In 2010 46% of the 10 yr notes were bought by Indirect Bidders:
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/R_20...
Now, only 38% of the 10 yr notes bought by Indirect Bidders:
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2012/R_20...
Anyone know what this means?
Who are the "Indirect Bidders?"
Certain banks that The Fed's funnel money to then have them buy Bonds to be recycled along with other controlled agencies. I won't list them because you will shit your pants.
It's a daisy chain of clusterfuckery.
An astounding 5 years it has been...
Did I say "astounding?" I meant asspounding.
An asspounding 5 years it has been.
Yo FALLST
It was Bush's fault, of course it was! It would never be Osama's fault, right?
Two cheeks, same ass.
Exact same product from that ass, as well.
Every time I have been in a voting booth, I have imagined the two listed options for each seat as "With corn flecks, or with kiwifruit seeds?"
Imagine the out-product of wolf-nipple chips.
I used to enjoy (in a mild, perverse sort of way) how my old wolf's digestive system, after every time he ate a hare or some other small animal, used to manage to spin the hair within his turds into the most perfectly twisted and symmetrical patterns.
(Should I have admitted that?)
But even he had the good grace to not shit on the side of the road.
(Laughing and all blobbed up)
No coherent response possible.
Used to have a dog that ate any cash left out. We were pissed the first time, but it always came out the other end intact.
Once through the washing machine and we considered the "Scooby bucks" spendable.
Beware the soft and whitish bills.
Jendrzejczyk said:
Yeah, it's weird how some dogs just have a taste for crap. ;)
If only deficits were illegal.
Funny thing is this doesn't avoid jack squat. If they threatened tanks in the streets, tanks in the streets there will be. After they get done looting the till dry.
The 236% growth rate in the Fed's balance sheet is staggering enough, but that's a stock figure. The flow figure was (acc. to the GAO's audit and Bloomberg's FOIA) $16 trillion, plus another $10 T in CB swap facilities. That's an enormous amount of churn for very little net gain...as the host and hostesses of Bloomberg TV indicated, the S&P was down 10%. Then they quickly retorted, "well can you imagine how much worse it would have been w/o this massive scale intervention?"
Come on, where's the evidence to back up this oft-repeated but never substantiated assertion? Rather than engage in hyperbole and arbitrary Jim Grant (among others) cites the real life historical evidence of the 1920/21 depression in which unemployment soared, many banks busted, and industrial production dropped like a stone....for a year. Yes, it was indeed painful but mercifully short-lived. Rather like yanking a band-aid off quickly rather than painfully slowly.
Instead today we have the banksters and their toadies at the Fed gingerly pulling the band-aid off one millimeter at a time...all while pus continues to fester beneath it.
"$26 trillion, and all I got was this lousy tee shirt"
We dont need no fucking evidence.
Evidence is how to lose your fraud-jobs!
i never really thought about it - but in retrospect? (is that the right term) the banksters did learn something, because besides the ones at the very top jpm and company - a whole bunch of them apparently did lose everything. and this time - they haven't lost a cent. and they aren't going to. so, in that sense, this time it is different.
T-shirt? At this point that's irrational exuberance, more like FEMA coffin....
The Big Question: Are these guys just holding it all together because they don't know what else to do? Or, are they holding it together so the public stays calm until _______ event occurs?
Is there intelligent life in the ruling universe? Or, are they only egomaniacal morons?
National Emergency
It's being held together until they're ready to spring their population reduction schemes into place, under the guise of "war" and artificial "scarcity" and protecting each respective country.
When we kill one another, we'll do it willingly. No--"they," the elites won't get their hands bloody--they don't have to because they control us so well.
Grand theft auto(cracy)
wealth effect?
bitchez...
underhanded theft of taxpayer money ... priceless.
And in New Zealand, they're already going through Marmageddon...
http://www.bbc.co.uk/news/world-asia-17441468
Talking of TPTB and NWO... "Sanitarium Australia is owned and operated by Australians while Sanitarium New Zealand is owned and operated by New Zealanders. Sanitarium is wholly owned by the Seventh Day Adventist Church." Source: http://www.ethical.org.au/company/?company=72
Sanitarium owns the brand name "Marmite" in ANZ, and its brand police have been highly active against importers into Australia of the British product "Marmite" - to the point that importers have had to relabel the British product before they can put it on their shelves.
I laughed at it at first... but then I discovered ZH.
Look at the picture closley Armageddon = http://www.the-parenting-magazine.com/child-development/playing-individually-vs-playing-with-others/
Total and utter mismanagement of the credit crisis, with only one goal in mind:
KEEP THE BANKSTERS IN POWER!!!
Now the criminals what to take away social security, to cover-up their ungodly performance.
Better, they should rot in hell.
Why pray for hell for them? Such pussiness. Show them hell here on earth. But we won't because we're too domesticated to do anything.
We like our paychecks and toys and lifestyles--so deal with progressively less until you have nothing and you either die on the streets or are shot.
Fred Reed
As I listen to American fury against uncoöperative Afghans, to Congress furiously denouncing Pakistan for anemic aid in conducting the current wars, I sometimes wonder whether the US is playing with a full deck. The anger arises I suspect becaause the US and the rest of the world work from very different premises. They believe in, as we say, distinct narratives.
The American narrative holds that the United States is a light to the world, the freest, richest, most productive country the world has ever seen, the greatest military power, the most prolific producer of technlogy and of Nobel laureates. America is a force for freedom and democacry, a champion of human rights, a land of universal opportunity with liberty and justice for all. The Unites States is what all countries could be if they accepted our values. History supports this view. In a raw ccontinent, American energy and free enterprise carved a paradise from a wilderness.
This narrative, the belief that America is special among nations, favored by God, pervades the culture. Those old enough will remember that Superman fought for “truth, justice, and the American way.”
Underlying all of this is a profoundly moral view of America's place in the world. The United States does not fight, like the French, for glory or like the English, for empire, or like the Russians, to steal watches from the wounded. America fights against Evil, whether in the form of communism, terror, Islam, socialism, or the growing threat of enslavement by Chinese communism. These evils are real, Americans believe, immediate, and threaten us with tyranny.
The narrative of the US military springs from the national narrative. American soldiers are brave, wholesome young men selflessly sacrificing to overthrow brutal dictarors, to defeat terror, and to give the oppressed peoples the benefits of democracy. This actually happened in Japan, Germany, and Iraq, asserts the narrative. Sure, a bad apple among GIs may occasionally commit an atrocity, but these are isolated incidents and blown out of proportion by a leftist press.
Quite different is what might be called the World Narrative, held around the globe with differeing intensities and emphases. It holds the US to be an endlessly aggressive military power that is out of control, hypocritically speaking of democracy and freedom while supporting dictators and overthrowing elected governments. America is arrogant, crassly mateiralistic, crime-ridden, vulgar, racially unjust, the world's only avowed practicioner of torture, economically explotative, imperialistic and intolerant of other cultures.
The military form of the World Narrative holds that America savagely attacks weaker nations in pursuit of oil and empire, that it uses overwhelming technological superiority to butcher peasants armed with rifles, that atrocites are routine, that it employs Stalinist nocturnal raids to terrorize populations, that killing of children is common.
The World Narrative is closer to the truth. It is easy to compile a long list of dictatorships supported by the US, and anyone who has covered wars knows that atrocities are what militaries do. America supports Saudi Arabia and Israel, both with horrible records on human rights. It would also be easy to show that many countries that accuse the US of misbehavior commit or have committed similar crimes. This doesn't occur to these countries. Peoples see everybody's warts but their own.
The peculiar isolation in which Americans typically live shelters the national narrative. Americans are geographically isolated in that they can go nowhere without passports, which few have; linguistically isolated in that almost none speak a second language; and temporally isolated since few have even a rudimentary grasp of history. Add an odd lack of curiosity, apparenly based on a belief that the superiority of America is such that other places are not worthy of study. The result is a closed system.
This might be of minor interest if it did not affect American policy. But it does. The US operates in a world that doesn't quite exist. Think of a blind man who by error enters the wrong house. He bumps into furniture and can't find the bathroom because things are not where he thinks they are.
Consider the war to take over Afghanistan—which is what it is. The American Narrative, relentlessly moral, says that the US is there to fight Terror, to defeat Al Qaida, to save the Afghan people from repressive domination by the Taliban. The government in Kabul represents the Afghan people and is allied with the US in ridding the country of extremists. The Caspian hydrocarbons have nothing to do with it. The GIs fight to give Afghans a stable democracy, law and order, and equal rights fo women.
This is the sort of moral mission that the Narrative demands. In the real world, one might as well give art lessons to a boar hog.
By contrast, the Afghans predictably see the US as an invading army of brutal infidels—a word we see as faintly amusing but they don't—who bomb and kill, kick in their doors at three a.m, humiliate the men in front of their families and insult their women. A very little of this, a very few dead children, can arouse a whole lot of hatred, but the American Narrative doesn't allow of this truth.
Condequences ensue. Note that in Afghanistan, as in Iraq, as in Pakistan, as in Viet Nam, the national armies supposedly on America's side are never ready. Despite billions of dollars spent in training them, somehow they are always years away from being able to take over. They desert, coöperate with the enemy, sometimes murder GIs. By contrast, the enemy fights tenaciously.
The Americans are baffled and outraged. “We are here to help these people, to protect them against the evil (communists, Al Qaida, Iranians, or whatever). Where is their gratitude? Why don't they do their share?”
When you recruit citizens of a country to kill their own people in the name of a widely hated puppet government, their enthusiasm is likely to be exiguous. But since the American Narrative insists that the US seeks only to end the dominion of Evil, opposition to America becomes inexplicable.
In war after war, those attacked fail to act as the US expects. The Iraqis should have welcomed the American soldiers who were bringing them democracy and defeating an evil dictator. This fits the Narrative. That people don't like being invaded, having their cities devastated, their fathers, husbands, sons, and brothers in the army killed—this does not fit the Narative of unalloyed American virtue. It merely determines events.
Beautiful in its truth, ugly in its reality.
Amazing!!! Your the man!!!!
Hardly an riginal thesis.
All Empires have the same delusion.
Britain:God is English and also plys cricket.
Germany:Gott mit uns.
French:their God.
Why would Pax Americana be any different ?
American citizenism! OH NOEZ!
Pox Americana.
Not to be confused with the Pox Sinesica:
"Veni, vidi, blobbi"
these people are so poor. they can't watch oprah and rachel ray. we need to give them some flat panels, and then they could watch this and appreciate why thousands of their years of culture aren't worth a thing if they don't know how to straighten kinky hair or make a good pasta salad. oh. i forgot. we need to build them an electric grid also. funny how not having electric won't run a flat panel well.
what was it the british empire used to say 'poor devils. they really don't know what they are missing. they are so much like children and needing help'.
it's different this time. we are the USA.
Fred -this is a really good post. You really understand whatn you are talking about. What is your background?
Fred Reed's background:
http://www.fredoneverything.net/biography.shtml
He's one of those people who would make a good president because he wouldn't want anything to do with the job.
The United States does NOT fight for Empire?
http://www.freesound.org/people/pocket/sounds/44554/
we're all doomed
Obama shut down all the oil rigs, no drilling allowed. Obama orders oil companies to cease drilling. This is why gas is high. Any fool knows this, why not get the truth on FOX. Obama is a communist anti American Muslim born in Kenya and raised in secret to become a Muslim president and order oil drilling to be stopped. This well known plot has been in the works for over 40 years, now it has been put in place. Only Romeny can turn this around and get gas down to $1.50 so we can again regain our driving freedom. No more Muslim presidents, no more foreign born presidents. We need a Mormon to get us right with god and to get the drilling rigs out of moth balls and drilling again. FOX says it, I believe it. Don't you?
I get it, your being sarcastic.. Thought you were serious about the drilling and Faux news part anyway, the rest is pretty accurate.
well - some of what you say is true. which part of it is it? ;)
But debt is an asset! This is good news! I fully expect another digit on the S&P by the end of the year.
It's not Armageddon avoidance. It's looting. Looting the economy and looting the people.
Stealing people's wealth the easy way by keeping interest rates ridiculously low so the government can borrow money on the cheap.
Stealing people's wealth the easy way by printing currency and giving it to banks.
If you keep your wealth in FRNs you're gona lose it. They're gonna loot it all from you.
If you keep your wealth in gold, silver, whiskey, bullets, guns, cigarettes, classic cars, Harley's, or any other consumer item in high demand, they won't be able to loot it from you
...because the Fed can't print gold, silver, whiskey, bullets, guns, cigarettes, classic cars, Harley's, or any other consumer item in high demand on a god damn printing press.
But they regulate all of the above, just saying.
Yeah, and weed is illegal. I guess I'll never get a chance to try it.
I mean well... the national debt is kinda a... an arbitrary number by now... it will continue to grow exponentially so long as the U.S. Govt and the Fed have a heart beat.
The system is designed to expand debt exponentially to infinity, if it stops it dies.
If you chart money creating from 1933 to the year 2050, its a parabola, it can not and will not come out any other way unless the Federal Reserve is removed and the monetary system is changed to something with a steady slope (like a gold standard or something).
When you print money to buy bonds, and you buy bonds to print money.
All you are doing is exponentially expanding the money supply by creating new debts . . .
Throw derivatives in there and you get to the point where the system is pretty much on the edge of a cliff (we are 6 months to a year ) away from disaster.
If oil prices hit something like 160$ a barel , thats pretty much the end of the dollar as you know it... because it would REMOVE the status as reserve currency.
The U.S. Dollar is used as the reserve currency so that we can get oil for cheap (the citizens of the USA subsidize the cost of oil through eating inflation in other commodities) (we off-set the cost of oil by spreading the cost out on other goods like food).
We make oil cheaper for the entire world actually (slightly).
But when you have to inflate your money so much to keep your financial system going without raising taxes that would kill your citizens, the oil prices start to rise and other nations wont want to use dollars anymore because they will have to buy too many dollars to buy oil (it gets cheaper just to buy the damned oil than to buy the dollars with which to buy the oil with).
That ends the status as reserve currency.
That means we must compete world wide for oil... and we have no freaking energy policy.... other than making shit electric cars that self combust and cost 250,000$ each in govt subs.
SO.....
O yea I was getting to the solution.
Retrto fit cars to run on natural gas, and give people incentives to ride bicycles/motorcycles/scooters etc.
Do this and the economy will grow as people rush to start manufacturing fuel efficient "personal locomotion devices".
Nothing here that a l'il bit of QE can't fix....(sic)
....and btw, what's with all the B's and T's on this chart; couldn't find enough room for all those zeros?? Wait till we hit the Q's!
Sad state of affairs the Banks created with all of their worthless paper and Credit Default Swaps.
They got rich and the Nation got Poor.
Actually the banks are just as poor as the nation, the illusion of wealth transfer only works if the people are willing to TAKE BACK all the dollars the banks have stollen.
(You can steal something thats valuable, and then all of the sudden it becomes worthless and no one wants it).
So the banks are only as rich as you are willing to let them be in the future when they try and give you back the money they stole from you for stuff they want to buy from you.
If that makes sense.
So what is this market going to do? Bounce around from 12900 to 13200 right up till election time? Pretty bad when -60 equates a broad selloff by the media. I'd like to see shit fly apart before our overlord gets reelected and make things interested. I think this whole POS is about ready to just shit all over itself. Oh, and good luck sidetracking the population with Iran when all the pensioners go bust. The US gov't isn't going to go away, if it collapses it will just force it's hand. It's gona get ugly im afraid. What a bunch of fucking morons, they keep playing along like none of know how screwed we are.
Thats an easy one, Dow @ 9000~10,000 by June.
That makes the most sense, then they can pump it into November and all the peons will have already forgot about the 4k drop. I am sick of being surrounded by a bunch of stupid fucking idiots.
I hope you post this chart regularly as a reminder. The format is very catchy....
Yes, repost every time we get some "bullish" economic news. Hey folks, this is how much that .0001% improvement is going to cost your children and grand-children!
Oh did anyone see where they are going to remove all the regulations/audits prior for an IPO??
That's the whole problem with this system........if someone isn't getting fucked then it doesn't work. Next thing you know they'll be making up shell companies everyday and we'll have a great new IPO everyday propping this pile of crap up.
WallStreet is a blackhole and the entire planet is circling around it. Thank god we aren't multi-planetary or they'd be going too.
talk about fucked up
There's A Brewing Battle Over A Mysterious Government Bank That Does Nothing But Subsidize Huge Corporations
http://www.businessinsider.com/the-mysterious-government-bank-that-congr...
Tyler you need this on the next post.
Let Your Life Be a Friction to Stop the Machine
http://www.youtube.com/watch?v=N2Xh5eN2fXY&feature=youtube_gdata_player
I'm telling anybody here with ears to hear...infinite growth is the idealogy of a cancer cell.
Open up your minds and look around at all the roads and buildings and signs and lights and everything...these didn't come from "nothing." If you are a religious person you can say only God can create from nothing. If you are a nonreligious person, you can say energy is neither created nor destroyed.
Every single thing you see is ultimately physical, and came from the earth on which you walk. It didn't drop from the sky. All of the coal and gas we burn to create electricity, and all of the oil to power the planes and cars, comes from the ground, and is finite. As are all of the materials we use to build anything.
However, fiat money, unbacked by anything in the physical world, is infinite. It seemingly gives bankers the ability to create something from nothing. But you should know by now that this is a lie.
There's only so much land, resources, and water to go around. If America "grows" forever it can only come at the expense of another country out there, or maybe at the expense of the atmosphere or oceans, or at the expense of the currency. Same goes for China or Japan or Europe or anywhere.
Human beings have been expanding unstably in population since the dawn of the fossil fuel age, based upon the energy gradient unleashed. What do you think you are actually "made of?" At the end of the day, we are basically made up of oil. Your great great grandfather may have been made up of solar energy that found its way through the ecosystem to plants and animal life, which he incorporated into his own body to "grow" until he couldn't do so any longer. You are here because, before he stopped growing and ultimately died and became part of the earth again, he reproduced, and his child managed to reproduce and do the same thing, etc.
If you can appreciate this you can begin to appreciate how fucked we are. So the question is...what are you going to do about it? Don't look at me for the answers.
"If you can appreciate this you can begin to appreciate how fucked we are. So the question is...what are you going to do about it? Don't look at me for the answers."
I'm starting to find some kind of faith in the younger among us -- truth has a way of surviving, and they are recognizing and understanding the lies.
After the Great Reset, after the Pain,
I believe Truth may have a chance... because the hunger for such a thing, once again, is reaching critical mass.
In the meantime, the collective We needs to keep our wits about us, and have humility when it is needed most.
This is going to take a while...
Sometimes I will just stare for hours. Hmmm, any suggestions for background music?
http://www.usdebtclock.org/
Here
http://www.youtube.com/watch?v=u2UhvN0k74w
Not bad, I had to dig around to come up with one of my own.
http://www.youtube.com/watch?v=tVjsT8S4ds0
Or...
http://www.youtube.com/watch?v=QyNu9-m9qdI
Or...
~//~
Pink Floyd - Money (Official Music Video)
http://www.youtube.com/watch?v=i-j3xITvYQY (4:42)
Money - Pink Floyd + Lyrics
http://www.youtube.com/watch?v=JkhX5W7JoWI (6:22)
~//~
Rain Drops keep falling on my head
http://www.youtube.com/watch?v=VILWkqlQLWk (3:11)
Burt Bacharach - Raindrops Keep Falling On My Head
http://www.youtube.com/watch?v=xbYWkegobTU (3:03)
But the Wall Street Journal said the American taxpayer actually made a profit from TARP.
They wouldn't lie. Would they?
TAKE THE BLUE PILL!
If the S&P crashes to zero, and nobody is still alive to hear it....does it make a sound?
dunno bout that, but if VXX skyrockets I'd be dancing in my grave.
Mosin Nagants on sale for 79.99 at Dunham's. Cheap surplus ammo, too.
Using my trusty supercomputer, a program I wrote concludes we are safe from Obamatron attack when the number of weapons/citizen=6.976543.
Additionally, ammo must reach a number of 15,000 rounds/citizen.
Keep Stacking
It's not Armageddon they're avoiding, it's apocalypse.
(Look up the definitions of each if you don't get it.)
DOH!
the stock market benefited a lot!
http://www.cnhedge.com/
http://www.jinrongbaike.com/
If we could get this on the metric system it would be ok and positive.