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OT: Can't believe this made it on Yahoo Finance
How to steal like Wall Street
I saw that. The comments left were pretty interesting. People are angry, even on brain-dead Yahoo forums.
Max out all credit cards, buy physical, go BK. War, bitches.
...and it's gone! The Yahoo link, I mean. "Page not found"
If by 'angry' you mean impotent then yes. You realize 'floating' articles like that can be a great barometer of public opinion? Then you simply manipulate from there. Old trick. See Bernays.
From the article:
'Everyone now knows the rules down on America’s Street of Shame. These are almost the exact opposite of the rules in the real, normal, moral economy the rest of us inhabit.'
Not too sure how true that is. A vague, general statement. Moralism is something that exists mostly in the American psyche and much less in actuality.
Agreed. The core is rotten. The only way to be successful (accumulate wealth) is to take advantage of others. You can make a living by working hard, but the American dream has been dead for a long time.
'The core is rotten'
I'm not sure that's what I wanted to say. America is in need of a major gut-check. The so-called American individualism has clearly deteriorated into something unrecognizable and now it appears that the theory of 'looking out for your own good', doesn't translate into the so-called collective good.
The American Dream is still alive, you just have to be asleep to believe it.
Please tell me this clown doesn't actually get paid to write this stuff.
The MF Global story of fraud and corruption has disturbed the delicate confidence of professional money managers and traders. The bastardization of the haloed ’segregated’ account has rocked market professionals to the core. The COMMON SENSE reaction to this disturbance in the force is to withdraw liquidity.
He hasn't changed just now he pisses from the jumping board into the pool on everyone's head.
Everyone sitting around on the edge of their seats waiting for more fiat currency to be printed. Totaly pathetic.
Better to be the fukker than the fukkee is the moral of this story.
How can the ECB expand its balance sheet without the consent of all of the EU members? I dont think it can..... I think the Germans would have Merkels head on a spike if she tried too......
The only way out is for the PIIGS to become provinces of Germany....... on German terms..........
20 Billion a week will kick the can for a long time though (months), and maybe the space aliens will be here by then or world war 3.......
sorry, count the aliens out:
"Where there's a will, there's a way."
Print they shall!
it's deflationary Chaos...or inflationary stability.
keep dreaming hyperinflationistas, its not happening. your pms will be crushed like every other commodity when europe deleverages and the carnage spreads to the u.s. qe3 is not happening. ecb will not print as long as germany is in the eu. GET OVER IT!!!!!!!!!!!!!!!!
Yep, I think that sums it up. Meanwhile everyone sits all-in on hoping there will be news out any minute about printing more money and handing it out. Theyre not going to print, but theyre just fine letting everyone believe its right around the corner, to keep stocks riding along on unicorn farts. Just sad and pathetic.
yep sheepie, if stocks start to tank, big ben will pull a promise out of his ass that should be good for another 6 months. no chance ben lets the fed get villainized further before elections. NO WAY NO HOW!!!
I don't think you understand. The half-life of every rumor is getting shorter and shorter. Time is getting compressed. There is a fork in the road ahead: Default or Inflate. Those are the only two choices, eventually they will have to go down one road or another.
well, lets see, qe2 ended in may/june? its now nearing december and the dow-a-thon has ran to 12000.
And so who exactly is buying those 100 billion dollars of bonds every month? I sure as hell am not. You're right, that 10 yr at 2% is just staying there magically. There has been no QE going on at all since June. If there was Ben would tell us so. ;)
Good sir Mr. Kito- It's not that many of us are hoping for printing press-a-pa-looza, it's just we are hedged for it. If you are not, then GL2U my friend. On a side note, exactly how is that debt going to go away again?
I guess they will finally decide to deleverage and inflate in order to suit demands of all EU "styles". So a stagflation is on the horizon. Not too bad for PMs.
Why is no one talking about the Euro Bond announcement?
Headlines crossing that Official saying EU Commission will propose three options for joint euro bond issuance in the future but officials notes it will be accompanied by tight controls on budgets and debt levels -
Because Germany has said no, says no, and will say no.
Hey I know...lets float the Eurobond rumor again! Sure, its never going to happen without Germany who has said 'Go to hell with all that' but hey we got to have rumors, its all the markets got!
Na ja, Deutschland hat ein "Jein" gesagt.
Not so sure though, they will say YES when they have the right to tax other countries, which the European Stability Mechanism will bring.
The presentation from the European asylum, errr, consilium:http://ec.europa.eu/economy_finance/articles/financial_operations/2011-07-11-esm-treaty_en.htm
The full text here:http://consilium.europa.eu/media/1216793/esm%20treaty%20en.pdf
Best summed up by the following video:http://www.youtube.com/watch?v=5CZr17HLH5U
Printing is probably the only political solution since Eurozone, like our our Super Committee, are scared to cut spending/entitlements.
European Debt Crisis – Status Update (ECB Interventions Seems As Ineffective as Super Committee)
OK say they printed today...$3 trillion Euro's...big deal whats that going to do??
demand 3T in real money to be repaid!
$250 silver; and
Damn....too bad you can't eat (or drink) that stuff.
$220 oil means ~ $70 silver and $3000 gold.
'Maybe someone will print'...the last hope of western civilization...LOL.
"It is no surprise that everyone's attention, hopes and dreams, are now on the shoulders of a principled and sensible Bundesbank as they fight-the-good-fight against a torrent of seemingly-sensible print-baby-print commentators (and politicians)."
What a load of aul bollox
The Bundesbank is not some altruistic or disinterested Greek like God sitting on Brocken mountain.
It destroyed the currency when it refused to turn the massive Euro bank bond market ( it dwarfed the sov market) into equity back in 2008.
If Germany can hold the line, we can get this world wide depression over a little sooner rather than continuing to delay the inevitable reckoning.
Don't know how or if German Slow Growth will affect their decisions, but:
well. maybe, but it seems far-fetched to me, because:
The ECB most certainly will print.
This is an end-game. End-game rules apply. And the first rule of the end-game is; there is no future.
Once you understand that part, you'll wonder why there is all this hand-wringing about who is going to do what.
Print now or it's Hitler time, bitches. That's how Krugman interpreted this article today.
some group of quants are burning up a super computer gathering empirical data to show those ill humored krauts that if money can be printed at just above the rate it will be destroyed there is a sweet spot that will enrich all those who deserve to kept wealthy with only incidental collateral carnage to an insignificant number of eaters who can be easily sated with adequate supplies of bread distributed by a benevolent looking .gov. you know, the usa model.
Print or war.
Probably both. Nothing exceeds like excess!
HOw do you win by devaluing the dollar? Silly liberal theory.
How do you win by devaluing the dollar? Silly liberal theory.
Easy, makes your goods and services less expensive.Where does everyone go when looking to buy?.
They need the Bazooka rumor rally before ES breaks its 50DMA. Otherwise retail will see no holiday season from the high-beta rich.
Calling BlackHawk Ben! Calling BlackHawk Ben! Crank those choppers up!
Dylan Grice of SocGen, suggests... the notion to devalue first, does best and maybe it is time for the ECB to take that plunge.
Dylan Grice is a white collar anarchist. He supports printing the crap out of the currency, defrauding millions of their hard earned and value of their savings and causing absolute chaos for businesses to deal with in the real economy
1 percent screwing the 99 precent to save the 1 percents bankrupt over-leveraged worthless arses ...the easy way out (for them) ...GFU
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