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Update: The San Fran Fed Asks What People Think Of QE3: The People Respond

Tyler Durden's picture




 

On Friday, the San Francisco Fed, best known for such cutting edge research as "Why Is Unemployment Duration So Long?" (turns out it was Bernanke's fault), "US Household Deleveraging" which concluded incorrectly that "Going forward, it seems probable that many U.S. households will reduce their debt" (turns out completely wrong as consumer debt is now at a new all time record), and "This Time It Really Is Different" (turns out it wasn't), asked a simple question on its FacePlant page: "What effect do you think QE3 will have on the U.S. economy?" The people have now responded in a fashion that leaves little to the imagination. Actually, one thing is left to the imagination, namely whether the name of the one person responding that the $85 billion in monthly flow in perpetuity associated with QE3 is "not big enough" begins with Paul and ends with Krugman. Aside from that, in typical SF Fed fashion, no surprises at all.

From the San Fran Fed:

Incidentally, the poll is still open. Interested readers are welcome to share their thoughts with the house of doves that John Williams built (not that John Williams).

Update: Looks like quite a few people have shared their thoughts in the past 30 minutes. Compare before (above) and after.

Update 2: just gets better and better:

This is probably not what the Fed had in mind...

 

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Mon, 09/17/2012 - 12:11 | 2803665 Dalago
Dalago's picture

END THE FED!

 

 

“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”  - Ronnie Paul

 

 

“It is no coincidence that the century of total war coincided with the century of central banking.”  - Big Ron, again.

 

AND abolish the IRS while you're at it!  You're the one actually doing the work to earn the money!  If you have a right to your pursuits you have a right to keep everything you make, without the gov't taking it before you even get it.

Mon, 09/17/2012 - 12:17 | 2803746 holdbuysell
holdbuysell's picture

If the research in the late Aaron Russo's (producer of Trading Places with Eddie Murphy and The Rose with Bette Midler) documentary 'America: Freedom to Facism' from 2006 below is correct, there is no law on the books for a Federal Income tax for wages.

http://www.youtube.com/watch?v=O6ayb02bwp0

Mon, 09/17/2012 - 12:39 | 2803761 knukles
knukles's picture

Evidently the Good (some folks have been known to refer to him as Idiot) Dr. Krugman shares the same credibility as the predident who'll be meeting with Letterman, Beyonce and J-Z instead of Middle Eastern leaders.

All's well and good in NeverNeverLand, Kids.
Go back to sleep.

Mon, 09/17/2012 - 13:30 | 2804029 chum bucket
chum bucket's picture

Good one man!!!!!!! I like it, but so true...

Mon, 09/17/2012 - 14:28 | 2804272 economics9698
economics9698's picture

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. 
Alan Greenspan 

Mon, 09/17/2012 - 17:55 | 2805175 Aziz
Aziz's picture

"More dollars for Goldman, lower real wages for the masses".

Ain't that the truth.

Mon, 09/17/2012 - 14:23 | 2804256 aint no fortuna...
aint no fortunate son's picture

I'm gonna see if they'll accept "The Bernank sucks dogballs"

Mon, 09/17/2012 - 12:33 | 2803822 LongSoupLine
LongSoupLine's picture

 

 

Go figure...the poll is on Faceplant.  How fitting.

Poll this: Fuck you Bernanke!

Mon, 09/17/2012 - 12:45 | 2803860 Skateboarder
Skateboarder's picture

The ones who voted "long term, disastrous" are the first ones going to camp. Yay, camp!

Mon, 09/17/2012 - 13:30 | 2804027 A Nanny Moose
A Nanny Moose's picture

Speaking of voting...who elected Ben Dover? Who among us voted for The Fed....in 1913? Who got to vote on implementation of QE*? How does this voting thing actually work?

FFS even Faceplant users understand how stupid this idea is, yet Ben Dover is still in Orifice.

Mon, 09/17/2012 - 14:16 | 2804222 LULZBank
LULZBank's picture

You sure its not just a "trend."

Mon, 09/17/2012 - 13:33 | 2804044 EL INDIO
EL INDIO's picture

Is there a counter for how many people have voted ?

Mon, 09/17/2012 - 18:19 | 2805247 CPL
CPL's picture

Don't know, waiting to see if they keep lemonparty(dot)org up on their front page.

 

They asked for public opinions...the people have spoken.

Mon, 09/17/2012 - 12:49 | 2803876 WhiteNight123129
WhiteNight123129's picture

Bernanke just did the biggest bluff in the history of central banking...Well done Bernanke, never thought I would have said that, utterly completly superbely masterful, I wonder if he did that on purpose though. I guess no a lot of people are getting it.... CHeck the 30 years, Bernanke has just uncorked the genie of stagflation, he will stop printing in 6-9 months, Gold will sell-off in Knee Jerk, Equities will rally in Knee Jerk,(one will think that no printing = bad for Gold, and no printing = good for equities) Then people realize Bernanke stopped the printing because the salving stagflation has arrived enabling workers to repay mortgage and credit card debts with more confettis they will get at work, so debt shrinks. The printing per se never augments the quantity of circulation (inflation), it is the fear of inflation which make people with money spend their money in fiat system. With Gold you can never scare them (hence necessary confiscation in 1933) The printing is there to avoid collapse of the banking system, this last printing is a ruse to force corporation to spend their cash by making them believe he is crazy, but even if they figure that out, the prisoner dilemma will force them to spend because, if Corpation A does not do it and Corporation B does it, then B will create stagflation so you better join the corporate spending waste, because if you do not join you are worse off...Corporate Keynesianism... If he had done that from the beginning it was crack-up boom, now it will lead to stagflation, and capital owners (bonds and stocks) fucked in the ass, commodities and Gold owner fine, beware of the sell-off in Gold when he stops, and double down because Bernanke stopping means stagflation starting....

Mon, 09/17/2012 - 13:02 | 2803920 pods
pods's picture

Are you trying to say that workers are going to be paid more enabling them to pay down their debts?

pods

Mon, 09/17/2012 - 13:44 | 2804083 Sockeye
Sockeye's picture

Not likely!

Mon, 09/17/2012 - 14:14 | 2804204 WhiteNight123129
WhiteNight123129's picture

THe Corporations will be forced to depart from their cash = what does that mean to you? You will receive more currency units, I am not saying that those currency units will buy more things, but those more numerous currency units will be handy to repay fixed nominal debts...

 

 

Mon, 09/17/2012 - 14:26 | 2804269 pods
pods's picture

Well, I hope you are right.  But my thoughts on stagflation were that wages would be depressed as the cost of goods rises.  Low to no growth and high UE make wage increases tough in my opinion.

There is not enough demand for labor to force wages higher, IMHO.

pods

Mon, 09/17/2012 - 14:51 | 2804366 WhiteNight123129
WhiteNight123129's picture

cost of goods rising and depressed wages = crack-up boom.

QUESTION

When there was a lot of demand due to leveraging up, were the wages up in proportion to the economy? THe share of labor was shrinking, and the share of capital expanding. I think the answer is a resounding NO! So demand from leveraging up does not yield higher wages in proportion to the economy.

It is a misconception. The wages will go upnominally (not buying more stuff, but repaying up more debts), because the Fed is forcing Corporations out of their cash into poor IRR.

 

 

Mon, 09/17/2012 - 15:45 | 2804647 pods
pods's picture

Well I hope you are right in the estimate that wages will even rise nominally.  From what I have seen in the industry I am in (pharma), whenever a company is faced with surplus capital and a shrinking market share (lower growth), they go hunting for companies, not pay higher wages.

Pfizer, who was flush with cash and with Lipitor coming off patent, purchased Wyeth for their pipeline.  This led to consolidation and more workers competing for less jobs.  

I think the last place a corporation would place their reserves would be into wages.  

Just my opinion.  I think I am correct, but hope you are.

pods

Mon, 09/17/2012 - 14:35 | 2804315 earnulf
earnulf's picture

Labor cannot demand higher and higher wages when corporations (i.e businesses) are unable to pass said increases along to the customer.   If innovation is not available to replace or speed up the manufacturing of goods, then wages will NOT increase as supply costs in continue to rise.       At least in my line of work, everything that goes into the production has increased by 3-10% per year for the past three years yet we are unable to pass along a rate hike because of competition that is cutting each others throats for volume rather than profit.    As a small business (NPO) we don't have the deep pockets to run in the red for an extended period without shuttering.

We are still in an environment where the big are getting bigger and using those deep pockets to get even bigger.   This is international in scale, not national and definately not local.     How many mom and pops are left?   The answer is that small business has a very difficult time competing when the big boys decide to focus on your corner of the universe.   BTW, our average wage is about two dollars over Fed Min and labor is 66% of costs.

Mon, 09/17/2012 - 15:49 | 2804336 WhiteNight123129
WhiteNight123129's picture

You have it backward, the demand versus supply, in my scenario capital is forced engaged into mutually chicken game of spending their cash. My scenario involves the one with money (Corporations) forced to spend it. That spending goes in the circulation. If they are forced to spend that into poor IRR because they are forced by Bernanke's flames thrower you have lots of money spent on little output results = stagflation.If none of the prisoners would budge we would be stuck, but one of the prisoners will do it first, forcing the other ones to do it. The first one who uses the fiat loses the least, go CFOs run and spend your cash, and run fast.... (consumer debtors, watch those guys run and debase your debt by spending and hiring on senseless projects..)

The big guns will be forced to spend their cash Bernanke is guaranteeing that. The impact on small business I do not know, a lot of small were benefitting from the leveraging up.

 

 

Mon, 09/17/2012 - 18:36 | 2805289 skipjack
skipjack's picture

Why the fuck would corps spend any $$$ in this environment of no demand ?  You are all wet behind the ears.  Peope have no money and no credit to buy...hence, no "investment" in producing more things will be forthcoming.

 

Add in $5 gas and $25 Mickey D dinners and you have a consumer gone toes up.

Mon, 09/17/2012 - 15:24 | 2804550 roadhazard
roadhazard's picture

If the worker got at the very Least a cost of living wage the last thirty years they could afford to consume. All they got was "credit" and that is Gone. This end must be what Big Biz wanted, how's that workin' out for ya now, college boyz. Smartest guys in the room my ass.

I'm glad I didn't buy in to any of the bullshit, starting with wearing a fucking tie. I sleep well at night.

Tue, 09/18/2012 - 00:01 | 2806053 blunderdog
blunderdog's picture

     everything that goes into the production has increased by 3-10% per year for the past three years yet we are unable to pass along a rate hike because of competition that is cutting each others throats for volume rather than profit.

The predictable result of which is called the "creative destruction" of capitalism.  What you may currently perceive as a "problem" is just the motive force for progress.

Mon, 09/17/2012 - 13:37 | 2804058 goldfish1
goldfish1's picture

Wow quite a run ...only one period. However, the point is lost.

Mon, 09/17/2012 - 14:17 | 2804226 WhiteNight123129
WhiteNight123129's picture

Can could explain?

Tue, 09/18/2012 - 00:04 | 2806058 blunderdog
blunderdog's picture

Criticism of this Tyler's punctuation.

Mon, 09/17/2012 - 13:48 | 2804093 EL INDIO
EL INDIO's picture

Unlimited QE a bluff ! ?

I prefer to judge people by their actions not using speculation and Benny’s actions say he’s an incompetent mad bureaucrat.

Mon, 09/17/2012 - 11:58 | 2803673 qussl3
qussl3's picture

Where's the most common answer? - Huh?

Mon, 09/17/2012 - 12:08 | 2803710 HoofHearted
HoofHearted's picture

Most common answer: Where's my pony?

Mon, 09/17/2012 - 12:13 | 2803730 francis_sawyer
francis_sawyer's picture

Steers & Queers...

Mon, 09/17/2012 - 12:47 | 2803869 JPM Hater001
JPM Hater001's picture

Do you really think I am going to click through to an unannotated vid?  Lord knows what Ill find.

Mon, 09/17/2012 - 12:51 | 2803884 fuu
fuu's picture

Oh well, no RevCo for you.

Mon, 09/17/2012 - 13:53 | 2804126 NotApplicable
NotApplicable's picture

There's no such thing as an unannotated youtube link if you use Firefox.

Greasemonkey script processer add-on

https://addons.mozilla.org/en-US/firefox/addon/greasemonkey/

YouTube title add script

http://userscripts.org/scripts/show/12113

 

Mon, 09/17/2012 - 13:05 | 2803926 pods
pods's picture

No streaming at work, my guess:

Gunnery Sgt. Hartman?

Am I right, private cowboy?

pods

Mon, 09/17/2012 - 13:30 | 2804025 fuu
fuu's picture

Revolting Cocks - Beers, Steers, and Queers

Mon, 09/17/2012 - 13:41 | 2804077 goldfish1
goldfish1's picture

...and fat naked flamers in the castro.

Mon, 09/17/2012 - 12:26 | 2803792 ebworthen
ebworthen's picture

Did you miss "bar charts" in seventh grade?

The votes for everything are only like 220 or so; login to Farcebook and check the box next to the one you like.

I guess "Start WW III" is too much to ask for as a choice?

Mon, 09/17/2012 - 12:34 | 2803829 johnQpublic
johnQpublic's picture

almost makes me wish i used faceplant ,er ,...facebook

 

 

 

 

almost

Mon, 09/17/2012 - 12:39 | 2803841 malikai
malikai's picture

I'm sure someone will add it.

Mon, 09/17/2012 - 12:41 | 2803844 knukles
knukles's picture

Was held back in remedial stick figure class

Mon, 09/17/2012 - 13:21 | 2803987 MassDecep
MassDecep's picture

"login to Farcebook and check the box next to the one you like"

I don't belong to fartbook and my opinion really doesn't matter.

Stack and prepare sheeple.

Mon, 09/17/2012 - 12:54 | 2803728 vast-dom
vast-dom's picture

The People? Come on Tyler! Less than 120 votes on FuckBook...more proof the FB is a $3 stock, at most and the fed needs to be shuttered. 

 

update: looks like the votes are reflecting reality a bit more; keep up the voting all you FUCKBOOK users!

 

FuckBook $3.01 Fuck the Fed.

Mon, 09/17/2012 - 12:34 | 2803826 DosZap
DosZap's picture

I think if they had sent 50% of this in the mail to Americans to spend, the economy would be ON FIRE and UE would be ZERO.

Would have pulled the entire Globe out of the pit.

Mon, 09/17/2012 - 12:43 | 2803854 knukles
knukles's picture

EXACTAMUNDO

That was the fundamental premise of dropping moolah from helicopters... to give significant discretionary spendable income...

But onh the fuck no, the bankers get it for bonuses...
Trickle Down My Ass.

Mon, 09/17/2012 - 14:19 | 2804235 LULZBank
LULZBank's picture

They would'nt mind having Your Ass if you carried on like this :)

Mon, 09/17/2012 - 12:59 | 2803911 insanelysane
insanelysane's picture

google "pareto chart" and learn at least one thing today

Mon, 09/17/2012 - 17:12 | 2805002 dbomb12
dbomb12's picture

I will take Zimbabwe for 1,000,000,000,000 papiermarks Alex

Mon, 09/17/2012 - 11:58 | 2803675 tu-ne-cede-malis
tu-ne-cede-malis's picture

Thanks for $2000+++ gold.

Mon, 09/17/2012 - 12:00 | 2803676 fuu
fuu's picture

Please note: Facefuck account required to express opinion.

Mon, 09/17/2012 - 12:05 | 2803692 LMAO
LMAO's picture

Well of course, the whole meaning of this exercise is to smoke out potential terrists

Mon, 09/17/2012 - 12:06 | 2803704 NidStyles
NidStyles's picture

Don't worry I checked the proper box and left them a cute message too. I expect some "officials" to come asking questions at a later date. 

Mon, 09/17/2012 - 12:40 | 2803845 James
James's picture

NidStyles, you think you have problems I live in the landing pattern of MacDill air force base.

Black helicopters come right over my house almost daily.

So far they have'nt stopped to see me.

Mon, 09/17/2012 - 12:27 | 2803796 Michael
Michael's picture

I was banned from Fuckbook 4 years ago. They got no profile on me. Ha Ha.

Mon, 09/17/2012 - 14:23 | 2804253 LULZBank
LULZBank's picture

Strangely I received an email from Facebook the other day that they have opened an facebook account for me and I need to login and fill in my details.

I have not created an account with them not did I authorised them to plus how did they got my email?! So whatever the fuck is up with them.

They even had to send me a reminder for that!

Mon, 09/17/2012 - 12:38 | 2803838 DosZap
DosZap's picture

Please note: Facefuck account required to express opinion.

Notice more and more you CANNOT repond to any article or Blog, unless you sign up to one of the BIG 3?.

Velly Interwesting.......................yah vol?

Mon, 09/17/2012 - 12:45 | 2803863 fuu
fuu's picture

Indeed.

Mon, 09/17/2012 - 13:37 | 2804052 Urban Redneck
Urban Redneck's picture

Might explain why my internet freaks out at so many crappy websites I don't really need anyway... (hardware blocking their domains & no java)

Mon, 09/17/2012 - 13:46 | 2804078 Anasteus
Anasteus's picture

A balanced appraisal of Facebook stock value collected from various independent sources: Fakebook, Facefuck, Fuckbook.

Mon, 09/17/2012 - 11:58 | 2803677 Falkor
Falkor's picture

What you think, what you say - doesn't matter.

Mon, 09/17/2012 - 12:15 | 2803738 FreedomGuy
FreedomGuy's picture

Does anyone really think that the general population has the slightest clue as to what QE is, what it means and what the consequences might be? No. They do not have a clue and that is why they will continually vote to keep the system as it is or worse.

I think Menken once said something to the effect, "Democracy is the illusion that the people know what they want, and they get it good and hard."

Mon, 09/17/2012 - 13:18 | 2803977 Zero Debt
Zero Debt's picture

It's a bit like asking: Hello, we are your oppressors, we acknowledge that we have destroyed 99% of the value of your grandparent's money, stolen and pillaged through relentless and constant inflationary taxation, widened the wealth gap through money printing, funded military and industrial complexes sending your children to war on useless missions coming home with stress syndrome committing suicide, destabilized the economy through boom bust business cycles, perpetuated malinvestments and misallocations of capital and bought up economist academics left right and center, to name just some of our achievments.

So the question is: Do you like us? Are we nice? Are we doing fine? How can we do better? What do you think?

Submit your free opinions and free thoughts along with fingerprints, photographs, DNA sample, address, whereabouts, blood sample and login details to personal GPS receiver to "Department of Truth" of you and your family. We are committed to follow up on your submission as early as possible.

Mon, 09/17/2012 - 16:57 | 2804952 FreedomGuy
FreedomGuy's picture

Yeah, and they don't appear at your door and directly tell you who they are. They do all the oppression with a smile tell the robots-sheep-useful idiots that it is good for them and will lead to a brighter future...with just a little more control.

Mon, 09/17/2012 - 11:58 | 2803678 Snakeeyes
Snakeeyes's picture

I'll respond. NEGATIVE! The Fed is picking winners and losers. Housing is being MORE distorted at the expense of other uses. Like manufacturing.

http://confoundedinterest.wordpress.com/2012/09/17/unintended-consequences-of-the-feds-qe3-mbs-buying-program/

Mon, 09/17/2012 - 11:59 | 2803680 HelluvaEngineer
HelluvaEngineer's picture

Wow, and that's from people dumb enough to have a Facebook account!

Mon, 09/17/2012 - 12:07 | 2803707 NidStyles
NidStyles's picture

It's only dumb if you are careless and actually care about their empty threats. 

Mon, 09/17/2012 - 12:01 | 2803682 buzzsaw99
buzzsaw99's picture

the twelve tribes of the fed ask what do we think of the magnificent 12" turd in the punch bowl?

Mon, 09/17/2012 - 12:00 | 2803683 Hedgetard55
Hedgetard55's picture

The FED cannot create wealth, merely dilute it and redistribute it.

Mon, 09/17/2012 - 12:02 | 2803686 Mongo
Mongo's picture

Thanks for the toilet paper....

Mon, 09/17/2012 - 12:45 | 2803862 earleflorida
earleflorida's picture

your better off using your left hand than this smudgefest - not sure if will even lite a cigar anymore

Mon, 09/17/2012 - 12:03 | 2803687 Dr. Engali
Dr. Engali's picture

You've been screwing it p for 99 years what's another year going to hurt? I'm sure WWIII will be in full swing when you celebrate your 100th birthday.

Mon, 09/17/2012 - 13:04 | 2803925 disabledvet
disabledvet's picture

But will we win?

Mon, 09/17/2012 - 13:05 | 2803928 disabledvet
disabledvet's picture

Better yet "is this what victory looks like?"

Mon, 09/17/2012 - 12:03 | 2803688 OutLookingIn
OutLookingIn's picture

Meaningless.

Waste of time.

Exercise in futility.

Might as well piss into the wind! Effect is the same.

Mon, 09/17/2012 - 12:03 | 2803689 Vincent Vega
Vincent Vega's picture

Short answer: Fuck You Bernanke!

Mon, 09/17/2012 - 12:04 | 2803698 Lost Wages
Lost Wages's picture

Zuckerberg rigged the poll because he wants the Fed to buy FB instead of MBS.

Mon, 09/17/2012 - 12:51 | 2803883 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

coming soon...

Mon, 09/17/2012 - 13:08 | 2803935 FoeHammer
FoeHammer's picture

Think of all the synergies!

Mon, 09/17/2012 - 12:05 | 2803701 bugs_
bugs_'s picture

thanks for $5 gas

thanks for the stealth wage cuts

thanks for the theft of savings

thanks for saving institutions that don't deserve to continue

Mon, 09/17/2012 - 13:50 | 2804114 Miffed Microbio...
Miffed Microbiologist's picture

Thanks for my PM shop being out of gold coins this last Saturday

Miffed:-)

Mon, 09/17/2012 - 12:05 | 2803702 yogibear
yogibear's picture

Rather than letting individual debt clear they piled on more debt with larger and larger student loans. 

Other than consolidation of failed financial institutions the Fed and Bernanke saved them and shifted the debt to the US taxpayer.

We are following the Japanese model with a European PIIG twist.

More debt and more entitlements. 

Mon, 09/17/2012 - 12:05 | 2803703 toady
toady's picture

I like long term disastrous. Although I don't believe the term will be very long...

Mon, 09/17/2012 - 13:38 | 2804062 holdbuysell
holdbuysell's picture

Agreed. The person who created the category runs an HFT fund. /sarc

Mon, 09/17/2012 - 12:07 | 2803709 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Why don't they just ask how people like being kicked in the face?

Mon, 09/17/2012 - 12:09 | 2803713 IridiumRebel
IridiumRebel's picture

I think eggs will be 5 bucks a dozen.

I think gas will be 6 bucks by 2016.

I think bread will be 5 bucks a loaf.

I think gold will be at 2500 by 2014.

I think you just gave the large INSOLVENT banks a few trillion dollar bailout.

I think you could give two shits about the average American.

I think we will soon be a Greece and Japan FuckFusion in serious decline.

I think that this is a stealth tax that most people are too fucking stupid to realize.

I THINK YOU ARE RUINING THE COUNTRY BY WATERING DOWN MY FUCKING MONEY YOU FUCKING FUCK.

 

Mon, 09/17/2012 - 12:25 | 2803790 SeanJKerrigan
SeanJKerrigan's picture

That's very optimistic!  You seem to think the only thing going on is money printing. If that were true, I'd agree, but really we've got a lot of other things in play.

Oil: Hard to say.  Lets JUST look at gas. You say $6 by 2016, but that assumes the status quo is not disrupted. If the dollar collapses before then ( it will ) and oil is sold in some other currency, then it might as well be $15 a gallon. Not an unrealistic possibility.

HOWEVER, that kind of price would devastate global demand, lowering the price even though the dollar is devalued.

Gold: In Summer 2011, Goldman predicted gold would reach $2,500 by the end of that year -- this was mere weeks before the price collapsed. Honestly, we should have seen it coming. Them being bullish on the metal should have tipped us off.

Then there's healthcare (which will blow up), pensions (which will blow up) and eventually, a bond crisis, which will result in a massive crisis.  How it happens, what order and the result remains to be seen.  Looking forward to it.

Mon, 09/17/2012 - 12:52 | 2803858 IridiumRebel
IridiumRebel's picture

If we go to war with Iran....we will.....then gas could be 5 bucks over night. Plan for the worst and hope for the best. I see the world taking on a GLOBAL currency after the dollar collapses....that NWO shit. Both scenarios suck. Everything sucks. I am only optimistic on me and my family. We are lucky too in the fact that we have a lot of extended family who see things going this bad way and we are all getting ready for the coming storm. Maybe I am "optimistic". Am I vaccu-sealing beans?....no. Am I getting my finances in order for any of these scenarios? Yes. The banks are in control and will do everything in their power to make sure the decline is gradual and not catastrophic in my opinion. Your scenario would cause civil strife and that will be avoided at all costs so I believe that my scenario is what will happen. Place ya bets!

 

"It's a big shit sandwich and everyone is gonna have to take a bite." 

Mon, 09/17/2012 - 12:53 | 2803890 earleflorida
earleflorida's picture

why don' we just put the entire world on a 'wheel-of-fortune-terrorist wanna-gonna-be's'... and spin, spin, and spin some more

we can use drones as darts,... but with some motivation

Mon, 09/17/2012 - 13:17 | 2803969 Winston Churchill
Winston Churchill's picture

If we declare war(already have by the way,drones assasinations,bank embargo etc)

you will be begging for $5 dollar gas.

Its not only the US that can spike footballs.

Mon, 09/17/2012 - 17:28 | 2805065 SeanJKerrigan
SeanJKerrigan's picture

I wish my fam was more well prepared. If things get bad, I'll have to support them and honestly I'm just not ready.

Mon, 09/17/2012 - 23:11 | 2805963 Mr. Fix
Mr. Fix's picture

@


IridiumRebel

 

Isn't nice to be able to say how you really feel?

Mon, 09/17/2012 - 23:27 | 2805991 Mr. Fix
Mr. Fix's picture

 

IridiumRebel

 

PM me @

TF Metals Report

(It's a great place for us stackers.)

 

Mon, 09/17/2012 - 12:09 | 2803715 SeanJKerrigan
SeanJKerrigan's picture

I don't care what anyone says, having a sense of humor will allow me to forgive even the most horrid economic policies. Hat tip to the Fed.

Mon, 09/17/2012 - 12:10 | 2803716 Shizzmoney
Shizzmoney's picture

"Thanks for $5 gas"

LOL

Mon, 09/17/2012 - 12:11 | 2803719 101 years and c...
101 years and counting's picture

Positve:  With the Fed now buying ALL mortgages in the US, I no longer have to pay my mortgage.  I love the unintended consequences.

Mon, 09/17/2012 - 12:52 | 2803882 knukles
knukles's picture

No foreclosure as it'd be against social policy objectives (unless you're part of the white male minority)
They'll enroll you in a jobs training program, remedial mortgage payment classes, give you 7,243 lbs. of a single triplicate form which you MUST FILL IN IN BLUE BALLPOINT PEN ONLY not fold spindle mutilate burn or scribble upon unnecessarily and check every fucking chair in your home for the tags you may not remove under Federal Penalty of Depth which if are missing your ass is in Gituantanamoo faster than you can say "But I promise I'll contribute more to your election next year."

Booyah motherfuckers!

Forward

Mon, 09/17/2012 - 14:22 | 2804249 NoWayJose
NoWayJose's picture

If the big banks can't prove their own your bundled mortgage, how is the Fed going to buy even bigger bundles from the banks, then prove that they actually own your mortgage?  

Mon, 09/17/2012 - 12:11 | 2803721 bnbdnb
bnbdnb's picture

Hey sheeple, we did something you hate. We like it. Now tell us how you feel, just for giggles.

Mon, 09/17/2012 - 12:11 | 2803723 optimator
optimator's picture

So, I have to join Facebook to do the survey?  Well, the FED is a private cartel so I guess they can do whatever they want.  and the want everything.

Mon, 09/17/2012 - 12:19 | 2803755 ThisIsBob
ThisIsBob's picture

That they chose facebook to engage should tell you all you need to know.

Mon, 09/17/2012 - 12:16 | 2803743 Farside
Farside's picture

Facebook is an essential counter intelligence meduim. How else is any self respecting terrorist supposed to create a legit identity in such a short space of time?

Mon, 09/17/2012 - 12:17 | 2803747 ThisIsBob
ThisIsBob's picture

These guys have edifices scattered all over the country filled with phd's.  Yet they have been essentially clueless.  Gives education a bad name.

 

Mon, 09/17/2012 - 12:41 | 2803757 GlomarHabu
GlomarHabu's picture

 

 

QE3 ?

Well, all of the socialists in the country ( close to 50% although many don't realse it) will love it. It's just another

"savior" program from the FED blessed by obama.

The hateful , jew loving Constitutionalists will hate it.

Wall Streeters and banks will love their bigger bonuses.

But are we being unfair to obama.? How can logical, rational people expect him to totally ruin a great country in only one term? I mean fair is fair and so far, by any measure you care to use obama boy step-and-fetch-it has dome better that Chairman Mao did during the Long March or Uncle Ho did in handling the French and the white devils in the USA. Step-in-it has earned another term.

And when the second term is over and we're eating mouse droppings and dust bunnies he'll get all the credit. And doesn't he deserve that much?

Vote obama

Life is good.

Mon, 09/17/2012 - 12:20 | 2803758 Quinvarius
Quinvarius's picture

I am still not clear on the pretense of QE helping the economy.  It only keeps Jamie Dimon employed.

Mon, 09/17/2012 - 12:27 | 2803794 Papasmurf
Papasmurf's picture

QE props up JPMorgue, thus reducing counterparty risk for the Greeks.

Mon, 09/17/2012 - 12:34 | 2803825 mkhs
mkhs's picture

That is one job created or saved.

Mon, 09/17/2012 - 12:22 | 2803760 ebworthen
ebworthen's picture

Went and voted "disaster".

Had to login to Facebook, which reminded me why I hate it.

BTW - their "timeline" and the mobile phone are going to sink the Farcebook ship.

Mon, 09/17/2012 - 12:24 | 2803784 Calidreaming
Calidreaming's picture

So who is the Pitcher and who is the catcher?   Bernake or Obama?

Mon, 09/17/2012 - 12:59 | 2803910 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

These guys are ambidextrious, switch-hitters...

And they all switch places when they ring the bell.

Mon, 09/17/2012 - 13:39 | 2804066 Zymurguy
Zymurguy's picture

Beastie Boys Reference... +1

Mon, 09/17/2012 - 13:21 | 2803988 Winston Churchill
Winston Churchill's picture

We are the catchers.

Both of them are buggering us.

Mon, 09/17/2012 - 12:26 | 2803795 francis_sawyer
francis_sawyer's picture

Here's what the OWS folks think...

~~~

http://dailybail.com/storage/goldman-crime.JPG

Mon, 09/17/2012 - 12:28 | 2803801 IridiumRebel
IridiumRebel's picture

Friday I urge my wife to fill her car up with gas and I tell her I am buying more PMs. She gets mad says yada yada stupid this, yada yada stupid that.....i tell her "I worry so you don't have to." I buuy PMs and fill up with her kicking and screaming as she forms more ploys to buy useless crap at Target. Today she goes to fill up car and returns. She says, "Man, you were not kidding! Gas went way up." I then give her the short answer as to what is happening to us as a country and why I am doing what i am doing by filling up our household strategic gas reserve and metals. I have said it before and I will say it again.....I cannot save this country, but I can protect my family. I wish everyone luck and I appreciate you all for waking me up in hopefully the nick of time. Now I just gotta sell this house. That will be the problem. We have the nicest house in the neighborhood and priced fairly well and we have had NO ONE look at it in weeks. Batten down those hatchez, bitchez. 

Mon, 09/17/2012 - 12:40 | 2803835 GlomarHabu
GlomarHabu's picture

OBAMA ..just do it ..bring him back..he's our savior.

 

 

Mon, 09/17/2012 - 12:38 | 2803836 Dr Benway
Dr Benway's picture

"There is a STORM coming, like nothing you have ever seen! And not ONE of you is prepared for it!"

 

http://www.youtube.com/watch?v=7ZTsh2_6Nmg

Mon, 09/17/2012 - 14:05 | 2804160 jerry_theking_lawler
jerry_theking_lawler's picture

Yes, but we can watch it unfold tonight on NBC...Revolution!

Mon, 09/17/2012 - 13:00 | 2803916 knukles
knukles's picture

You're a very luck man with a woman like that, who responds to specific deeds.
Mrs. K has been known to start with the yada yada stupid this, yada yada stupid that bitch bitch piss and moan all day every once in a while.  To which I merely aggravate her some more and she yells at me to get the fuck out of the house and go play golf with your friends.

That's the magic of putting brand new red sweat shits in the washing machine with the white undies on blazing fucking hot.

Mon, 09/17/2012 - 13:30 | 2803924 IridiumRebel
IridiumRebel's picture

i think your wife and my wife ought to get together and go bowling. 

 

 

UPDATE: PMs arrived and she is mad at me for buyingthem. Marriage rocks!

Mon, 09/17/2012 - 13:47 | 2804099 insanelysane
insanelysane's picture

You're buying PMs instead of pre-ordering the new iCrap???  How dumb can you be?

 

</sarc>

Mon, 09/17/2012 - 22:48 | 2805925 IridiumRebel
IridiumRebel's picture

I did buy the American Idol box set.

Mon, 09/17/2012 - 23:23 | 2805967 Mr. Fix
Mr. Fix's picture

 

IridiumRebel

 

PM me @

TF Metals Report

(it's a great place for us stackers.)

Mon, 09/17/2012 - 13:33 | 2804046 e-recep
e-recep's picture

How are PMs going to save your family in case of serious civil unrest/war?

Mon, 09/17/2012 - 13:41 | 2804073 philosophers bone
philosophers bone's picture

My spouse doesn't agree with me buying bullion bars either.  However, I suspect that if I overpaid for the PMs in jewelry form, she would be all for it.

Mon, 09/17/2012 - 12:30 | 2803813 BullyBearish
BullyBearish's picture

Here We Go Again...

Peleliu Group to deploy to Middle East

Posted: Sep 17, 2012 6:12 AM PDT Updated: Sep 17, 2012 6:12 AM PDT
 

SAN DIEGO (CNS) - Three U.S. Navy warships and an expeditionary force of Camp Pendleton-based Marines trained to extract Americans who get caught up in mob violence overseas are scheduled to depart Monday for a 7-month deployment to the Middle East and Western Pacific.

The Peleliu Amphibious Ready Group, led by the amphibious assault ship USS Peleliu, includes some 4,000 Marines and sailors and is under the command of Capt. Mark Sakaguchi. As a captain in charge of multiple amphibious ships, he will bear the title of Commodore during the deployment, according to the Navy.

Besides the Peleliu, the force includes the amphibious transport dock USS Green Bay and the dock landing ship USS Rushmore. The Peleliu returned from its most recent deployment in December 2010, and the Rushmore did so in April of that year. The Green Bay's most recent deployment ended almost a year ago.

Also deploying Monday is the Marine Corps' 15th Marine Expeditionary Unit and elements of Fleet Surgical Team 1, Helicopter Sea Combat Squadron 23, Assault Craft Units 1 and 5, and Beach Master Unit 1.

Their departure comes against the background of ongoing tensions with Iran over its nuclear program and amid anti-American unrest throughout the Muslim world triggered by an anti-Muslim film trailer posted on the Internet.

U.S. Ambassador to Libya Chris Stevens and three other Americans working for the State Department -- including two local former Navy SEALS, Encinitas resident Glen Doherty and Tyrone Woods of Imperial Beach -- were killed by an armed force in the Libyan city of Benghazi on Sept. 11 amid demonstrations over the film.

The sailors and Marines in the Peleliu Ready Group recently completed nine months of training scheduled long before the current anti-American unrest flared. Rescue training is a common part of pre-deployment training for Marine expeditionary units.

The final pre-deployment training was on the evacuation of noncombatants from hot-spots, according to U.S military authorities. The exercise included role-players on San Nicholas Island and Victorville in San Bernardino County who were "rescued" by Marines and taken by helicopter to Camp Pendleton, the Los Angeles Times reported.

The 15th MEU was on a deployment similar to the one starting Monday when the Sept. 11 terrorist attacks occurred. Summoned back to their ships from a port-call in Australia, the Marines were among the first U.S. combat forces into Afghanistan just weeks later, The Times reported.

Mon, 09/17/2012 - 12:38 | 2803827 GlomarHabu
GlomarHabu's picture

 

 Obama '12 ...vote like you were really alive.

 

 

Mon, 09/17/2012 - 12:41 | 2803846 nod2glod
nod2glod's picture

no "gold bitchez". disappointed.

Mon, 09/17/2012 - 12:41 | 2803847 nod2glod
nod2glod's picture

.

Mon, 09/17/2012 - 12:43 | 2803853 the not so migh...
the not so mighty maximiza's picture

I will never join facefuk.

Mon, 09/17/2012 - 12:50 | 2803880 IridiumRebel
IridiumRebel's picture

This is why i have a fake account....so I can vote on shit like this. The answers are great and it gives me hope that a few people are aware.  

Mon, 09/17/2012 - 23:24 | 2805983 Mr. Fix
Mr. Fix's picture

IridiumRebel

 

PM me @

TF Metals Report

(It's a great place for us stackers.)

Mon, 09/17/2012 - 13:29 | 2803857 Anasteus
Anasteus's picture

Many thanks and greetings from all gold bugs, dear Ben! You once again didn't let us down. You certainly deserve a medal... a gold one, of course. We are just completing our next greetings collection for Mario.

Mon, 09/17/2012 - 12:44 | 2803859 GlomarHabu
GlomarHabu's picture

 

 

Summa cum OBAMA ...we NEED him. We cannot do without him.

Mon, 09/17/2012 - 14:10 | 2804186 Anasteus
Anasteus's picture

Don't worry, he's just cumming up.

Mon, 09/17/2012 - 12:45 | 2803861 GlomarHabu
GlomarHabu's picture

 

 

tweet

Mon, 09/17/2012 - 13:48 | 2804106 BlueCollaredOne
BlueCollaredOne's picture

You seem to be losings the internets today

Mon, 09/17/2012 - 12:47 | 2803868 Racer
Racer's picture

Ha ha, "neutral" and "positive" have disappeared from the top 6!

Mon, 09/17/2012 - 12:49 | 2803877 All Out Of Bubblegum
All Out Of Bubblegum's picture

There are some things that banker-controlled, debt-based money and forced taxation can't buy...

http://www.youtube.com/watch?v=c-R1Zb0oFR0

 

 

Mon, 09/17/2012 - 12:53 | 2803888 Schmuck Raker
Schmuck Raker's picture

I don't FaceHook, but may I suggest:

"I see dead people"

Mon, 09/17/2012 - 12:54 | 2803892 Sheeple Shepard
Sheeple Shepard's picture

Where's the column for " I haven't got a fucking clue but pretty soon i'm going to be buying bread on credit"

Mon, 09/17/2012 - 12:55 | 2803901 q99x2
q99x2's picture

End the FED and End the Federal Government.

Mon, 09/17/2012 - 13:03 | 2803922 Zymurguy
Zymurguy's picture

"What effect do you think QE3 will have on the U.S. economy?"

 

Pass the vaseline, please.

Mon, 09/17/2012 - 13:10 | 2803941 booboo
booboo's picture

"What effect do you think QE3 will have on the U.S. economy?"

"My wife and I love cruise ships, positive I would say unless they don't offer the bottomless soda"

Mon, 09/17/2012 - 13:17 | 2803966 BaggerDon
BaggerDon's picture

http://www.youtube.com/watch?v=MgUSUfDB_KE

 

http://www.youtube.com/watch?v=iYgGMrGgMzI&feature=channel&list=UL

 

Bernank is STEALIN FAIR interest earned from the responsible and redistributing it to the irresponsible.  SCREW HIM AND THE FED. MY MONEY IS GOLD, HARD ASSETS, and other currencies who do not counterfeit my money.  He needs to join ROHEMER, and go back to the ivory towers, and END THE FED.........BY THE WAY, EVANS is a freaking idiot......I bought OIL FUTURES in JUNE, so ur higher gas prices wont impact my family......the fed is only screwing the poor...

Mon, 09/17/2012 - 13:17 | 2803968 marcusfenix
marcusfenix's picture

BB can't print rain and farmers can't water their crops with FRN's so I've got to wonder... with the drought expanding, if mother nature doesn't come through with a moisture stimulus package of her own this fall and winter will it really matter how much in MBS's the fed buys by this spring one way or the other?

somehow I doubt it.

but yeah, thanks bunches for the 5 dollar gas asshole.

Mon, 09/17/2012 - 13:22 | 2803997 jim249
jim249's picture

The ZH effect is alive and well!

Mon, 09/17/2012 - 13:28 | 2804017 Bloodstock
Bloodstock's picture

It's pure INSANITY to those of us who have a brain. Makes perfect sense to the glo-bull-ists that are the insane. As of course it is their agenda to destroy us as they are simply too stupid to realize that they will destroy their own inbred lines as well.

Mon, 09/17/2012 - 13:27 | 2804018 resurger
resurger's picture

QEIII+IIII+IIIIII= FRAUD!

Mon, 09/17/2012 - 13:27 | 2804019 resurger
resurger's picture

QEIII+IIII+IIIIII= FRAUD!

Do NOT follow this link or you will be banned from the site!