So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels

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Sun, 08/07/2011 - 23:36 | 1535336 VisualCSharp
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If QE2 failed so spectacularly as you indicate, what good could QE3 possibly do? Will it be "different this time?"

Sun, 08/07/2011 - 23:37 | 1535340 CrankItTo11
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Failing spectacularly is the only thing central planners know how to do.

Mon, 08/08/2011 - 00:10 | 1535556 Ahmeexnal
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nikkei is getting nuked too

and yet, the sheeple refuse to wake up

true story.  some dude tried to get a response from the sheeple while he informed them of the evils of industrialized food and the big corporations that profit from poisoning the sheeple.  absolutely no response. he pressed on until an old fart starts getting aggro. old fart stars spewing shit like "so you think you are better than us? leave us alone, let us be"

i watched the scene and took notes. when TSHTF, the sheeple will not rise up. they will comply. they will obey. the sheeple WILL TURN YOU IN. the sheeple WILL CONFISCATE YOUR PMs. that's how it will work. no need for the police state to send troopers to each and every home. THE SHEEPLE WILL DO IT FOR THEM. then the sheeple will trade an ounce of gold for a month of cable tv, a case of beer, an ipod, etc.

you think this is far fetched? THIS HAS HAPPENED BEFORE.

Mon, 08/08/2011 - 05:12 | 1536189 spiral_eyes
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QE Infinity is a Dead Issue. It was set in stone long ago. Here's the live issue:

http://azizonomics.com/2011/08/07/why-qe3-is-a-dead-issue/

nom nom nom nom nom delicious treasury bonds/ ipad 

Mon, 08/08/2011 - 06:02 | 1536221 JimBowie1958
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So how long before nations bail on the US$?

A year? A few months?

Seems we dont have much time left.

Sun, 08/07/2011 - 23:38 | 1535347 Iriestx
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Who said QE2 failed?  It moved trillions of your, your children's and your grand children's money into the hands of a few ultra-wealthy elite.  It succeeded spectacularly, and QE3 will do more of the same.

Sun, 08/07/2011 - 23:41 | 1535367 firefighter302
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Indeed.

Failure or success is a matter of perspective.

 

Sun, 08/07/2011 - 23:47 | 1535405 CrankItTo11
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True, true. Fundamental Transformation.

Sun, 08/07/2011 - 23:47 | 1535411 Harlequin001
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Yes, if they don't print then the value of pension and retirement funds goes down along with bank deposits and everything else causing riots and starvation. If they print the value ultimately will not but the money won't buy anything when you get it.

It's not about giving money to the uber wealthy, it's about stopping the great unwashed from rioting...

Mon, 08/08/2011 - 00:25 | 1535634 SheHunter
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exactly right H001. 

Mon, 08/08/2011 - 01:04 | 1535830 IQ 145
IQ 145's picture

So true. It's all a matter of whose Ox is getting gored; according to the old testament.

Mon, 08/08/2011 - 00:05 | 1535530 Troll Magnet
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Mission Accomplished, Bitchez!  (For banksters, that is.)

Sun, 08/07/2011 - 23:39 | 1535352 VisualCSharp
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I wonder what happened to our green- and red-colored arrow friends...

Sun, 08/07/2011 - 23:42 | 1535370 LookingWithAmazement
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Don't ask logical questions - we're dealing here with politics and central banking.

Sun, 08/07/2011 - 23:46 | 1535390 macholatte
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If QE2 failed so spectacularly as you indicate, what good could QE3 possibly do?

 

the can, my man, keep your eye on the can.

          QE2 was a magnificent success. It bought time.

 

You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer.
Frank Zappa

Sun, 08/07/2011 - 23:49 | 1535426 Harlequin001
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absolutely, old stick...

Mon, 08/08/2011 - 00:01 | 1535501 IQ 145
IQ 145's picture

Do the French have a National Beer? I can't remember; and I've been suspicious about them for awhile now. It sounds to me like a made up language, too; like they just make sounds, youi know and then guess?

Mon, 08/08/2011 - 00:02 | 1535508 mnevins2
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Hey guys, aren't we looking past all of the "green shoots" out there?  Where?  Ask Harry Wanger!  Leo, Leo - opinion?

Mon, 08/08/2011 - 00:18 | 1535599 High Plains Drifter
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leo is out of the office this evening. he went out drinking beer and chasing skirt............

Sun, 08/07/2011 - 23:38 | 1535345 Spitzer
Sun, 08/07/2011 - 23:38 | 1535346 PaperBugsBurn
Mon, 08/08/2011 - 00:04 | 1535525 Terra-Firma
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...and so the class war begins. The fuse is lit.

Sun, 08/07/2011 - 23:39 | 1535348 AustrianEconomist
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The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

Sun, 08/07/2011 - 23:44 | 1535381 Yen Cross
Yen Cross's picture

 Give that Red Head a KISS

Sun, 08/07/2011 - 23:40 | 1535356 gorillaonyourback
gorillaonyourback's picture

race is on and here comes pride(dollar) in the backstretch, heartache(euro) comin to the inside.  WHO CAN PRINT THE MOSTUS AND FASTEST

Mon, 08/08/2011 - 00:04 | 1535523 IQ 145
IQ 145's picture

And here comes Gold! Carrying weight, but she's a good mudder; pounding down the home straight; and yes, it's a win ! Against the odds !.

Sun, 08/07/2011 - 23:40 | 1535357 silvertrain
silvertrain's picture

401k statments will be arriving in the mail shortly..I wonder if people FEEL more wealthy?

Sun, 08/07/2011 - 23:40 | 1535359 natty
natty's picture

The Texans have taken a big step towards improving their 32nd-ranked pass defense, agreeing to terms on a five-year deal with free agent cornerback Johnathan Joseph, Sports TV’s Adam Schefter reports. Johnathan Joseph will wear Albert Haynesworth Patriots Jersey and play for Houston Texans next five seasons. Joseph’s contract is worth $48.5 million, with 23.5 million guaranteed, and a $12.5 million signing bonus, complimentary of John McClain from the Houston Chronicle. A 2006 first-round pick out of South Carolina, Joseph has 272 tackles and 14 interceptions during his 67-game career. Joseph has returned three of those interceptions for touchdowns. Joseph will likely be paired with 2010 first-round pick Kareem Jackson to form the Texans’ starting cornerback duo. The Texans are moving Glover Quin from cornerback to free safety. Despite having plenty of cap under the salary cap, the Bengals declined to use the franchise tag on Joseph in February, clearing his path to unrestricted free agency. You can log on our Online NFL Shop and select our best quality Albert Haynesworth Patriots Jersey and Cheap Donovan McNabb Vikings jersey if you are true fans of Houston Texans.

Sun, 08/07/2011 - 23:47 | 1535407 macholatte
macholatte's picture

not that funny this time, Natty.

Mon, 08/08/2011 - 00:11 | 1535566 IQ 145
IQ 145's picture

Let me get this straight; the team is named "The Houston Texans", right? That's really original, and thought provoking. Is that in case the little darlings forget where they live on the way to the stadium?

Mon, 08/08/2011 - 06:00 | 1536219 JimBowie1958
JimBowie1958's picture

No, it is a reflection of how Texans think of themselves. Teams usually pick some predator as a mascot like bears, eagles, falcons and raiders, though in some places like California some have made a joke of their mascots.

Some though choose their own members as mascots, like the Notre Dame 'Fighting Irish' or the Texas A&M Aggies (an Aggie being a student of the school).

Most Texans put themselves into the same kind of category as creatures of prey. For example, more Texans own more guns than the citizens of any other nation/state in the world.

Hope that helps you grasp the nature of this thing.

 

Sun, 08/07/2011 - 23:40 | 1535362 alexwest
alexwest's picture

true,, only +2 trln more gov debt..
alx

Sun, 08/07/2011 - 23:42 | 1535365 AustrianEconomist
AustrianEconomist's picture

The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

Sun, 08/07/2011 - 23:48 | 1535416 Cursive
Cursive's picture

He who owns the gold, makes the rules.  You can make it gold, silver or fiat.  As long as you let the government or a government-sancitioned monopoly control the currency, it will always end badly.

Sun, 08/07/2011 - 23:43 | 1535375 AustrianEconomist
AustrianEconomist's picture

The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

Sun, 08/07/2011 - 23:47 | 1535404 Midwest Prepper
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TRADITION!

Sun, 08/07/2011 - 23:43 | 1535376 Prometheus418
Prometheus418's picture

And Gold just broke $1700/oz.

Sun, 08/07/2011 - 23:44 | 1535379 PhattyBuoy
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Zerohedge on fire tonight ... !!

Sun, 08/07/2011 - 23:45 | 1535383 Re-Discovery
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Dont.  Please stop.  I'm having too much fun with the downgrade. 

Let's do QE3 next week so I can savor it.  I know, I know, you have to tell us in real time, but let's just pretend it's happening next week. 

I am about to overdose on "I'm right" with all my fiat holding friends

 

We are a frog's hair away from 1700 on gold

Mon, 08/08/2011 - 00:14 | 1535577 IQ 145
IQ 145's picture

Zero Hedge; "Rarely in the affairs of men, have so few been so right about so much".  Harrumph.

Sun, 08/07/2011 - 23:44 | 1535384 Irrational Exub...
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The HP's are warmed up and the Credit Swap lines are open to the ECB.  The Fed is open for business!

Sun, 08/07/2011 - 23:49 | 1535427 macholatte
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Grab a barf bag before opening......

              http://www.cnbc.com/id/44051683

Mon, 08/08/2011 - 00:06 | 1535538 Irrational Exub...
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I need one just to watch cnbc!

Mon, 08/08/2011 - 00:16 | 1535593 IQ 145
IQ 145's picture

I need one just to see your Avatar. It's making me all woozy.

Mon, 08/08/2011 - 00:42 | 1535729 Irrational Exub...
Irrational Exuberance's picture

Ain't it great!

Sun, 08/07/2011 - 23:45 | 1535394 Yen Cross
Yen Cross's picture

 23 Kangaroos! and still hopping!

Sun, 08/07/2011 - 23:45 | 1535396 digalert
digalert's picture

Holy smokin fiat fritters, ZH is pumpin em out!

Riding on the edge of the global financial tsunami.

Sun, 08/07/2011 - 23:50 | 1535425 Yen Cross
Yen Cross's picture

  You KICK ass!  Fruit bats are on the menu!

Sun, 08/07/2011 - 23:47 | 1535409 Irrational Exub...
Irrational Exuberance's picture

I'm smelling a margin hike in gold futures!

Mon, 08/08/2011 - 00:19 | 1535608 IQ 145
IQ 145's picture

Dr. Greenspan, we've had quite enough of your portentious pontificating. You can go back to room now.

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