Russell Napier On The End Of Supply & Demand, Bank Nationalizations As An Upside Catalyst, And Relative East Vs West Value

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Mon, 10/10/2011 - 18:30 | 1759271 reader2010
Mon, 10/10/2011 - 18:53 | 1759327 MillionDollarBonus_
MillionDollarBonus_'s picture

Mr Napier is totally misguided on this one to the point where I am left scratching my head. Clearly in a centrally planned utopia (which is where we are headed whether nasty libertarians like it or not), prices will be determined by and according to the preferences of the governing body. Hence the price of the S&P will simply be set at a desirable price, like 10,000. This is the beauty of central planning - the erratic perceptions and preferences of uneducated market participants no longer interfere with objectvie price setting.

Mon, 10/10/2011 - 19:44 | 1759338 hambone
hambone's picture


true dat - no more haggling neccessary to match buyers / sellers. 

In our new world the price is the centrally determined price and investors from (confiscated) govenment protected 401ks / IRA's will be (forced) afforded the ground floor opportunity of (mandatory) patriotic aMerican asset (worthless shit) ownership w/ great upside (massive losses to be forcefed)...also known as bank nationalization in less sophisticated countries.

Tax payers and losses to suffered...Match made in heaven.

Mon, 10/10/2011 - 21:42 | 1759617 whstlblwr
whstlblwr's picture

Just see video of Herman Cain and stupid words against protestors on Wall Street.

Cain say protestors angry at the successful bankers on Wall Street. He says protest anti American movement to distract the people from failed Obama policy…really?

Maybe you’re trying to distract. Maybe you want to be President of the United States to give more bonus money to CEO’s of failed company. It’s what you believe in, right? Your American form of capitalism. Steal money from employees, but reward poor performance?

The Occupy Wall Street movement protests against Wall Street insiders who fail but get bailed out anyway. How about the Federal Reserve printing DOLLAR to give rich banker buddies so they can keep operating scams against American people?

How about the government let the bankers fuck us and say “here banker you want to fuck American people, go ahead fuck them some more, here take what you want, we’ll help you.” How about that 1% who lie cheat steal but don’t care because Bernanke have their back. Fuck you Herman Cain, you think protest anti-American. Then do you know history America?

Maybe you need education you and Tea Party. Organized Tea Party, LOL!! They are joke too.

Here is information because you too wrapped up in warped view of world. The Boston Tea party happened because the government failed to act on behalf of people, failed to protect people against corporate greed of East India Company.

"The Boston Tea Party was a direct action by colonists in Boston, a town in the British colony of Massachusetts, against the British government and the monopolistic East India Company that controlled all the tea imported into the colonies. On December 16, 1773, after officials in Boston refused to return three shiploads of taxed tea to Britain, a group of colonists boarded the ships and destroyed the tea by throwing it into Boston Harbor."--wikipedia

So fuck you Herman Cain, and Tea Party who keep screaming Occupy Wall Street is from Obama. You're idiots.

Mon, 10/10/2011 - 21:50 | 1759668 RebelYell
RebelYell's picture

The KKK has joined us.

Mon, 10/10/2011 - 22:15 | 1759707 BandGap
BandGap's picture

Self medicating again, I see.

Mon, 10/10/2011 - 22:55 | 1759809 Rich_Lather
Rich_Lather's picture

Neither KKK, or self-medicating. A Chinese national or other foreigner chiming in.

Tue, 10/11/2011 - 01:07 | 1760158 Jack Napier
Jack Napier's picture

Russ always was the black sheep of the family.

Mon, 10/10/2011 - 18:58 | 1759341 legal eagle
legal eagle's picture

Careful how you use the word utopia, how about "centrally planned lunacy"?

Mon, 10/10/2011 - 19:02 | 1759350 The Deleuzian
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MDB:  I gave you a 'greenie' because you always bring a smile to my face...You are sooooo needed...You don't even know your value!!!

Mon, 10/10/2011 - 19:04 | 1759357 topcallingtroll
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Mon, 10/10/2011 - 21:21 | 1759613 rocker
rocker's picture

The best way to help Occupy Wall Street and Hamy.

Boycott the Stock Market. Don't Buy Stocks.    Think of it this way. The HFTs won't have anybody's money to Steal then.

The Stock Market is headed for a Crash anyway due to the financial crisis. Which is not over. Nobody went to Jail for the crisis.

This is a first.  Who are the bankers paying off to stay out of Jail.

Did anybody know that J.P. Morgan donated 4.6 million to N.Y.P.D.

This is proof that money can buy anything. Support Occupy Wall Street.

Mon, 10/10/2011 - 19:03 | 1759351 topcallingtroll
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Mon, 10/10/2011 - 19:13 | 1759377 reader2010
reader2010's picture

Are you saying perpetual motion machine will work this time around? The stupidity is that they believe they're not a product of creation,  and they're always above the law that governs the universe. 

Mon, 10/10/2011 - 19:29 | 1759403 MillionDollarBonus_
MillionDollarBonus_'s picture

As it happens, I hope that technology does enable us to immortalize some of the economic greats of our times. Just imagine the gift of knowledge we could bestow upon our children by preserving the life of a Paul Krugman or a Joseph Stiglitz. In fact I genuinely believe that if the honourable Lord Keynes were alive today, he would have captured the imagination of a generation with his ideas of fiscal and monetary stimulus and we wouldn't be in this mess in the first place.

Mon, 10/10/2011 - 19:39 | 1759427 topcallingtroll
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Mon, 10/10/2011 - 19:45 | 1759439 legal eagle
legal eagle's picture

OWC is going to be visiting billionaire's homes now.........heard it first on Kudlow?????

First time in a year not hearing news first here on ZH

Mon, 10/10/2011 - 19:50 | 1759447 knukles
knukles's picture

Bravo, sir.
You have firmly established your position as ZH's newest foil for ridicule.
We all know that it is not nice to make fun of the handicapped, but in your instance sir, that civil courtesy has been waived by God hisself.

Mon, 10/10/2011 - 20:27 | 1759509 Problem Is
Problem Is's picture

So if we ridicule him...

We are doing God's work?

Mon, 10/10/2011 - 20:45 | 1759547 clymer
clymer's picture

I refuse to believe that MDB is serious. I get it! You're trolling, MDB! haha - you almost had me there, you troll, you.

Mon, 10/10/2011 - 20:11 | 1759471 Manthong
Manthong's picture

 "preserving..  Paul Krugman or a Joseph Stiglitz."

Sounds good to me.

Where's the formaldehyde?

Mon, 10/10/2011 - 21:15 | 1759604 Jendrzejczyk
Jendrzejczyk's picture


May we bring back the golfclap for you sir?

Mon, 10/10/2011 - 22:29 | 1759738 Au_Ag_CuPbCu
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Mon, 10/10/2011 - 23:31 | 1759933 ReadySteadyGo
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Aha!  I see what you did there!  You wascally wabbit you

Mon, 10/10/2011 - 20:23 | 1759500 Nobody For President
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Mon, 10/10/2011 - 21:53 | 1759674 Two Towers AU AG
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Tyler Durden  for President 2012

Hit the Like button (green arrow) if you agree...

Mon, 10/10/2011 - 23:32 | 1759941 ReadySteadyGo
ReadySteadyGo's picture

Um... he's smarter than that.

Mon, 10/10/2011 - 22:19 | 1759719 FreedomGuy
FreedomGuy's picture

But they cannot make it work because over time the price controls fall apart. They fix the price of the burger. Then they have to fix the price of lettuce, tomatoes and ketchup, then the price of fertilizer for the tomatoes then the price of fuel, then the price of....

Damn keynesian central planners always fall to their own conceits.

Tue, 10/11/2011 - 02:25 | 1760227 Hobbleknee
Hobbleknee's picture

USSR already proved central planning doesn't work.  There is no way for the state to determine prices, nor determine what the people want.

Mon, 10/10/2011 - 18:54 | 1759330 PaperBugsBurn
PaperBugsBurn's picture

WTF is going in??? Fucking sellouts!!!

Why da fff haven't you Tylers covered this???? All that bitching and there you go... selling out!!!

Officially announced on October 3, 2011, the "Occupy the Federal Reserve" movement called for by pro-freedom pundit Alex Jones and augmented by "End the Fed" movements nationwide, is set to begin this weekend. Despite the implications of large crowds convening upon America's central bank, run by the very corporate-financier interests that have abused Wall Street and stirred up the "Occupy Wall Street" crowds in the first place, not a word of it has been spoken in the Western media - in fact a Google News search for "Occupy the Fed" retrieves the following, cartoonish headline: "Occupy Wall Street finds sympathy in the Fed."

And looky here:

2012 like Herman Cain, a former Federal Reserve chairman, makes such pandering farcical if not entirely offensive to the American people's intelligence. Not only are Americans calling this hubris-filled bluff, but so are foreign pundits overseas.

Some of you morons around here been fawning abt this Cain scumbag.

WTF!!???  You like being slaves or is it that you know once this Ponzi comes down you'll have to get real jobs??

Fight Club? What a joke!!


Mon, 10/10/2011 - 19:10 | 1759371 baby_BLYTHE
baby_BLYTHE's picture

The FED is the enabler of all the ills in the economy, the banks should be protested and despised... But never forget the FED is the entity that allows for the creation of reserves they hold, the money they lend out at usurpous interest rates, money they the banks 'print' via fractional reserve lending and now (hilariously) charge fees for the privilege of accessing depositor's such funds!
If the FED were ended, the banks would stand completely on their own... The minute their cash flows seized up no entity would exist to prop up their garbage and would be forced to fight to keep their customer depositors confident in their business.

Ending the FED is a huge step in restoring America to her initial ideals of individual initiative, personal responsibility and freedom to succeed. I support Alex Jones in his efforts to draw attention to the criminal elements within our financial system and central planners of the FOMC that dictate the direction of our financial markets and price fixing the supply of money.

Mon, 10/10/2011 - 19:18 | 1759388 zorba THE GREEK
zorba THE GREEK's picture

And to add to what you just said Baby, ending the Fed would mean a return to sane markets

with equities and commodities being priced on fundamentals, not to mention interest rates

in line with inflation expectation so as not to punish savers and the elderly.

Mon, 10/10/2011 - 20:47 | 1759551 clymer
clymer's picture

And I support you, bb. You're still a kid, but run for fucking office, will you? Wake up the world? ..too many still asleep. we're fricken doomed

Mon, 10/10/2011 - 20:15 | 1759468 lynnybee
lynnybee's picture

I support Alex Jones in his efforts to draw attention to the criminal elements within our financial system and central planners of the FOMC "     ..... god bless ALEX JONES & keep him safe.    

Mon, 10/10/2011 - 19:14 | 1759382 DormRoom
DormRoom's picture

The Fed may have bailed out the banks, but it failed to recognize the banks as an instiution are socialopaths.  So they basically resicitated a group of serial killers out to harm us all.

Mon, 10/10/2011 - 20:43 | 1759544 Problem Is
Problem Is's picture

The Fed IS the TBTF banks... Look at the shareholder of the FRBNY:

JPM, Citi, Chemical Bank, Manufacturers Hanover Trust, Bank of New York, Bank of England, etc.

They bailed themselves out. The Fed knows what they are because they ARE the Fed...

Mon, 10/10/2011 - 20:04 | 1759463 Gohn Galt
Gohn Galt's picture

Herman Cain, both what he says and what he does puts him high up on the "who would you want to fight list". 

As far as the rest, I don't have to depend on the government for food, shelter, electricity, power or protection.  I depend on government to fuck me whenever they can.  If you depend on the government for anything then you are a beggar with no rights (payoffs excluded).  Only by moving forward on your own terms can you shape your destiny.

Mon, 10/10/2011 - 21:26 | 1759620 wisefool
wisefool's picture

Not sure if you are supporting him or not, but when you take the complexity out of the tax code, the complexity will be excised from the government and the political classes.

The same position would be true if we removed the other arm of bubble making machine, which is the monetray supply, which Ron Paul would remove.

Anyone who can not see that the fed takes the tax code and puches in the face and vica versa with the alternate arms of OUR government.

Mon, 10/10/2011 - 20:19 | 1759490 SwingForce
Mon, 10/10/2011 - 21:37 | 1759648 rocker
rocker's picture

I hope that was Sarcasm SwingForce.  It was made on Aug 14 and Revised on Sept.20.

The S&P has fallen since then.

Mon, 10/10/2011 - 19:04 | 1759359 Money 4 Nothing
Money 4 Nothing's picture

They realized that there is more money to be made in the Military Industrial Complex than collecting tax reciepts.

They don't want your money, they own the printer, so figure out where you stand in the NWO, 4 quarts of oil? wake up.

Mon, 10/10/2011 - 19:36 | 1759423 lsd
Mon, 10/10/2011 - 21:36 | 1759647 Pegasus Muse
Pegasus Muse's picture

Chris Hayes: Erin Burnett's Wall Street Coverage 'So Frustrating' (VIDEO)

MSNBC host Chris Hayes was the latest person to take CNN's Erin Burnett to task for her trip to the Occupy Wall Street protests last week. 

Mon, 10/10/2011 - 23:28 | 1759924 byteshredder
byteshredder's picture

Is Chris Hayes the twin sister of Rachel Maddow?

Mon, 10/10/2011 - 21:37 | 1759481 SwingForce
SwingForce's picture

Hey how about an article written by a Little Guy? Fuck these assholes who think they know "FINANCE", they don't know shit. That's why the market crashed today, because this douchebag knows what he's talking about, not. FU!

Mon, 10/10/2011 - 18:31 | 1759274 walcott
walcott's picture

complete crockery.

Mon, 10/10/2011 - 19:16 | 1759384 DosZap
DosZap's picture

 In some ways, Napier put his finger on today's market pulse when he said that investors will paradoxically like a bank nationalization as it will remove uncertainty if only in the short-term.


Please,define "SHORT TERM".

Mon, 10/10/2011 - 20:17 | 1759483 Atreyu
Atreyu's picture

Until 4pm EST

Mon, 10/10/2011 - 21:08 | 1759592 jeff montanye
jeff montanye's picture

two months

Mon, 10/10/2011 - 21:26 | 1759621 chump666
chump666's picture

like now, week or so of rallies, now overbought.  investors then get slammed with a panic once the rating agencies start downgraded EZ countries one by one, starting with France...those butnuts

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