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Systemic Risk For Dummies
Following the success of the "Dummies Guide To Europe's Problems" and the "Global Economic Collapse For Dummies", we present "Systemic Risk For Dummies". With global systemic risk at March 2009 highs and nearing November 2011 all-time peak levels, perhaps it is worth considering just what it is that all this TBTF-saving money-printing has achieved?
Data: CMA and Capital Context
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Nothing.
Not nothing. More record bonuses, continued immunity from prosecution, and four more years of bread and circuses for the masses.
http://www.dailymail.co.uk/news/article-2155760/Lord-Owen-urges-EU-refer...
http://dont-tread-on.me/
BITCHEZZ
Knoxville, Tennessee has it's Syntagma square moment. Man sets himself ablaze due to economic crisis in the USA.
http://www.dailymail.co.uk/news/article-2155722/Husband-commits-suicide-...
I had to go to a large regional bank today. The branch manager who was helping me with an account issue just out of the blue went off on a ZH worthy rant about how There is something wrong with the banks. They think they should make all of this money while the people have none." He said he sees every day how people no longer have savings accounts because they have had to use that money to live on. He said how someone with a brain needs to think about what is wrong with the economy and how to change things. Then he went off on the politicans, saying how Dem or Rep doesn't matter, none of them care about the people, just about what they can get for themselves, and we're supposed to vote for one of them this year.
I thought this was very surprising coming from a bank employee. It seems the people are getting restless.
Always great to hear another has taken the RED PILL... instills some hope, thanks for sharing!
could he be our 98th Monkey? :-)
Does this mean individual investors should consider getting back into the market?
I use "Monty Python" for a lot of analogies, and here is another prime example, they were truly ahead of their time.
Thank you Tyler, I needed a good laugh, also took me back in time.... Thank you Monty Python !!
I recently met a woman who had just thrown away a 10 year career in banking (personal banker, working with high net worth individuals.)
She actually quit her job about 9 months after the '08 collapse and moved to a different industry, because she was suddenly being forced to sell bad products with terrible risk profiles to people who should be in risk-free investments (elderly, fixed income, etc.) She was disgusted by increased lack of ethics (which is saying something!)
Remember your rank-and-file community banker isn't the one pulling down six-figure bonuses, and often times branch managers are making little more than the tellers -- they're a heck of a lot closer to one of us than one of "them" -- and it's not suprising that the more clued among them sense something it very wrong.
Were you wearing one of these?
No, but I might buy one and give it to him ;-).
Wake up america.
Blaze of Glory
http://www.youtube.com/watch?v=MfmYCM4CS8o
Here's your fuckin' blaze of glory http://www.youtube.com/watch?v=oVZ_lLUIIyU
The EU is going down!!!
S. Tampa Commercial Mold Remediation
http://www.youtube.com/watch?v=829aEUTjm80&feature=plcp
Drip...
drip...
drip...
drip...
The torture will continue until all is accounted for.
"Monetary policy is not a panacea. It would be much better to have a broad-based policy effort addressing a whole variety of issues," he said. "I would be much more comfortable if in fact Congress would take some of this burden from us and address those issues."
"All of these measures together, if they all occur, will amount to a withdrawal of spending and an increase of taxation, depending on how you count, between 3 and 5 percent of GDP," he warned, "which would have a very significant impact on the near-term recovery, whatever benefits you might see in those programs in the very long term."
"What is particularly striking here is that this is all preprogrammed," Bernanke told the frequently vacationing Congress. "If you all go on vacation it's still going to happen."
Ben Bernanke 6-7-2012
We are truly fucked ladies and gentlemen.
God & People
C-Planners & Wall Street
Who will win in 2012-2013?
btw, can we organize a team of 4 people to go to Goldman Sachs and pay $7.5 Million so that we create an index called Student Loan (SLX) valued at Par, we short 1,000,000 shares and get some suckers to buy it, and they are many...
i recommend sending MDB, Max Ficher, Robo & HW to finalize the deal.
its 100% legal
How about we just come up with a list of the criminals (not hard), hire Blackwater, and let them do what theyre good at?
"A trillion there, a trillion here"
Ben Shalom Bernanke 6/7/12
http://www.youtube.com/watch?v=6UcMLDNuQS4
Systemic risk in Israel... whats just happened.
Twitter is getting hot right now. Looks like the same spiral from Norway recently.
http://tribelevi.posterous.com/ufo-sightings-right-now-ober-israel
http://www.ynetnews.com/articles/0,7340,L-4239796,00.html?utm_source=dlv...
That's a missile launch. I've seen similar before.
The one seen from Norway i think was a failed ship or sub launched missile during a Russian exercise.I hope this is similar and not somebody trying to make things go hot.Tricky location, maybe someone thinks oil is to cheap.
Hypnotizing lightshow but i suspect very expensive.
http://news.bbc.co.uk/2/hi/europe/8405481.stm
Should have eaten QE^n for dessert.
"........just what it is that all this TBTF-saving money-printing has achieved?"
In the US?
An average of 5 or 6% "real" inflation over each of the last 5 years......that's what. Compound that and you have achieved something for TPTB.
http://www.shadowstats.com/alternate_data/inflation-charts
But if central bank inflation targeting of 2-3% is good, triple or double that targeted inflation is better. Right?
Now you're thinking like a central banker.
Tonight you get extra fiat for supper.
"Now you're thinking like a central banker."
lol
It temporarily allows sociopathic humans to think they are in control of their destiny.
The fault of Pakistan. Or some such place.
Speaking of bad bets....what's the status of the Morgues unwind Tyler?
Look at the gold ten year chart. It´s ´08 all over again.
So cascade time?
Svensk?
smörgåsbord?
not farfrompüken?
maybe we could invite Goldmans, JP Morgans, AIG's, Lehmans, the SEC's and Feds Risk Officers along to write some articles ...show us their 'expertise' on the issue
now everyone, stick your head in the sand, it'll give you a good idea of their career in finance
The only risk they understand is, "Do as you're told, or else!"
There is no risk when you get to keep your money after BANKRUPTING a company. Even better when you get a BAILOUT and bonuses.
There is the risk that you might get hauled before Congress though, and those limp-wrists are boring as hell. Eight hours you'll never see again.
What caused each peak to fall?
They had to stop pushing the shit into a neat pile. Gravity does the rest.
Hey, the vid ended before the good part ....
Oh yeah, there is a good pat to all this?
Yep,sure whatever..
Max is with Price on the Greek island...
. cover-event-please .
Frankfurt is in 'panic mode' ..Why???
Saludos....
A whole lot of can kicking into the future. That can is getting so heavy, each time it is kicked it gets harder to pretend it has moved any significant amount. Unfortunately, the nature of the present "tbtf" culture being what it is, the top 5 entities in the FSB 30 will probably survive longer than the bottom 5 entities. I'm keeping a close eye on the French (Soc Gen & BNP Paribas) with respect to Grexit, but I wouldn't be surprised if the Japanese banks go first. (Mind you, don't ask me about timing - that could take awhile).
And Alibis for Dummies is demonstrated here:
Holder Claims Emails Using Words ‘Fast and Furious’ Don’t Refer to Operation Fast and FuriousBut mr. holder is an honorable man ..... Brutus told me so and Brutus is an honorable man.
Are they watching porn at the Justice Department, too?
great link ABR. Reminds me of.....Who's on First?
http://www.youtube.com/watch?v=sShMA85pv8M
Achieved? What is the intent more like?
Death of the US middle class? Undermining whole political systems with an intent to suborn national sovereignty? Quashing of the concepts of personal freedoms, natural law, and self determination? The mass use of propaganda, psyops, and disinformation to confuse, beguile, and divide whole countries of people? A total cornering of national economics with intent to boom and bust their way to crippled economies that see no other solution than a trans national fiat system at the fingertips of some very very bad people?
When Ctrl-P doesnt work?
But Korzeen told me, "Your money is safe with me. It's kept separate"
Systemic Fraud. Its fake anyhow. Arrest the banksters and on with business.
finiMinis world over agree w/ slewie: we gonna keep the cheX indaMail, BiCheZ!
what else is there, at this point?
besides, the bankrupt criminals are playing against the criminal bankrupts with our money
so, that's reassuring
bong-ho!
Yeah,why is you trust them,wallstreet investment Bankers?
I would presume,i could be wrong,ill confes that(trembling heard in the distent)would it be Greed.
Aint it this fenomen,that drives this kind of,wait searching for the right word,aint Smørgås.nej,aint Danish,nej,Brackwurst,nein,hamburgers,no,chuasco nao???Mensalao,nao,chachoeira naoooo,no weapons of mass strive???hmmm,no,well then ill stay with the old famed,plain Greed
Turn in, tune out ,drop of,i will.
Wanst it the Italian Mafia who said,when the EU,orchestered the Scheegen,thank you for opening the gates to heaven,must be the same as the famos Paradigme changing Deriva/vetid and run:All for nothing,ordenary work has lost all value,just like in the good oll days,when you would only be aload to use the back stairs,nice to back again,just wonder why looss all this good time,one step forward and a huge leap backwards,aint we human all of, U.S.E.U.
Love to se a banker explode of greed,no again all of them,if not for anything,then for Greece,s lost Pensioners.
Scheengen,Brrrrr.