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What To Expect From Today's FOMC Statement: Nothing, Says Goldman. So - Time To Fade?

Tyler Durden's picture




 

Sampling several investment banks' opinions on what to expect out of today's FOMC decision in a few hours, one would be left with the impression that absolutely nothing will happen. Not surprisingly, this is what the official party line reps and warrants as well, as telegraphed by that faithful mouthpiece, Jon Hilsenrath. And yet if the Fed has finally understood that its role is only effective if it is surprising, this gives all us all the opportunity to not only doubt what the media and the sellside wants us to expect, but to naturally fade Goldman - one of the best trades in the past three years - who says: "We expect no clarity from Wednesday's FOMC statement and press conference on additional monetary easing. Fed officials will not close the door but are also unlikely to provide a clear hint of further action. Our forecast of additional easing hinges not on what Fed officials say this week, but on our expectation of continued weakness in the economic data." Of course it is possible that the Fed is merely staying true to its recent creed of being honest and transparent and telegraphing policy from miles away. And is thus forced until the market is actually driven by actual macro data instead of who buys how many gizmos using student loans. Or not. Because when in doubt, always ask i) what would Goldman Sachs sell and ii) what would PIMCO buy. The two are rarely both wrong at the same time.

From Goldman Sachs:

Following a two-day meeting on April 24-25, Wednesday's FOMC action will include the same schedule of events as the January 2012 meeting. First, the regular FOMC statement will be published at 12:30pm. Second, materials from the Summary of Economic Projections (SEP) will be released at 2pm. These will comprise of updates of Table 1 showing the range and central tendency--the range excluding the top 3 and bottom 3 entries--of the 17 FOMC meeting participants' macro projections; and of Figure 2 showing the distribution of 17 projections for the federal funds rate by year (through the end of 2014) and first rate hike (through 2016). Finally, Chairman Ben Bernanke will deliver his opening statement for the press conference at 2:15pm, and then take questions from a group of journalists.

Our expectations are as follows:

1. No policy changes and no hints of QE3. We do not expect changes to the main policy parameters. In particular, the committee is very likely to retain its current guidance that economic conditions “are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014,” but it is unlikely to include any comments on possible easing options. We do expect, however, that the FOMC will discuss policy options under alternative scenarios for the economy, including options for additional easing. Chairman Bernanke may be asked this question at the press conference. We expect him to steer a middle ground, leaving open the possibility of additional monetary easing.

2. A slight strengthening of the "significant downside risk" phrase. Given the deterioration in the European sovereign debt crisis over the last month, we expect that the statement will soften or remove the phrase that “strains in global financial markets have eased.” One option would be to go back to the January formulation and simply state that "strains in global financial markets continue to pose significant downside risks to the economic outlook."

3. Nods in the direction of softer data and lower energy prices. Although changes to the description of economic activity will likely be small, we expect the committee to acknowledge the weakening of the dataflow in recent weeks. Instead of saying that "labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," the committee might say that "labor market conditions have improved further but the unemployment rate remains elevated." To reflect the decline in energy prices in recent weeks, the committee might say that higher energy prices “have boosted” inflation--instead of saying that energy prices "have increased lately"--but then reaffirm that this boost should be temporary.

4. A slight upgrade of the January forecasts. Despite the recent softening of the data, Fed officials are likely to upgrade their economic forecasts (which were made in January). Exhibit 1 below shows our expectation for these changes. First, we expect an unemployment rate midpoint of 8.05% for end- 2012 (down from 8.35% in January), 7.65% for 2013 and 7.05% for 2014 (both down by one tenth). Second, we anticipate an increase in the mid-point for core inflation from 1.65% to 1.75% for end-2012, and a 5 basis point (bp) upgrade to the mid-point in 2013 and 2014.

5. Small hawkish changes to participants' funds rate projections. Some members may lift their funds rate projections--which are shown in Figure 2 of the SEP--in response to their upgrade of inflation and unemployment. Our estimated Taylor rule, however, would suggest that these changes should be relatively small. The bottom of Exhibit 1 shows that we only expect the upper bound of the central tendency to increase by 25bp in 2013 (when it is sufficient for one participant to lift his or her projection) but not in 2014 (when at least three participants would need to raise their projections by 25bp or more). This change might increase the number of participants that are projecting the first rate hike for 2013 from 3 to 4. Also, given the slightly lower profile for the unemployment rate, we think that it is possible that a participant who currently expects the first hike in 2016 might move into the 2015 camp.

Beyond this week, we continue to forecast additional monetary easing at the June FOMC meeting. This prediction does not rest on an expectation of a "dovish signal" this week, but on our expectation that the economic data will continue to disappoint over the next couple of months given higher gasoline prices in the first quarter, the fading short-term inventory cycle boost, and a "payback" for the warm winter. Our confidence in the forecast of additional easing is not particularly high; it is certainly possible that the FOMC will decide yet again to let an asset purchase program lapse without having put a successor program in place. However, this week's FOMC meeting is unlikely to provide a clear signal one way or the other.

 

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Wed, 04/25/2012 - 11:09 | 2373438 AllThatGlitters
AllThatGlitters's picture

Silver getting punished today.  Looks like it is getting set up for a reversal in oh, let's say about an hour or so!

http://www.pmbull.com/silver-price/

 

 

Wed, 04/25/2012 - 11:22 | 2373493 maxmad
maxmad's picture

Stock market goes red today!  Plus, the China is completely dumping dollars!  Will trade gold for oil!  Dollar is done!

Wed, 04/25/2012 - 11:25 | 2373507 SheepDog-One
SheepDog-One's picture

Yea, but then cant we just start smoking the Hopium for next Apple earnings report?

Wed, 04/25/2012 - 11:28 | 2373524 maxmad
maxmad's picture

When China completely dumps the dollar, an IPAD should be over a million dollars.... bullish right? 

Wed, 04/25/2012 - 12:01 | 2373656 DoChenRollingBearing
DoChenRollingBearing's picture

SLIGHTEST bit O/T, but I am kind of surprised that the Tylers did not put up something about the nuaseating interview ofcbS economist Steve L with Lloyd Blankfein and other Goldman types during the morning today.  No, I did not hear Sir Lloyd say "God's work", but I did (could not) listen to much.  Even my wife, who does not follow finance, thinks he is sleazy...

Wed, 04/25/2012 - 12:06 | 2373676 SheepDog-One
SheepDog-One's picture

Little bald headed rat midget is what he is.

Wed, 04/25/2012 - 11:41 | 2373579 Buzzworthy
Buzzworthy's picture

Short sellers always put downward pressure on either silver and gold or silver or gold on the day of an FOMC statement.  Its like clockwork and is a great mechanism for knowing when you should time your dip buying.

Wed, 04/25/2012 - 12:19 | 2373733 Chaffinch
Chaffinch's picture

And of course the May silver options expire today, which often means a bashing for silver, and if the CFTC position limit is really gonna come into effect on May 1st then I guess JPM needs the price as low as possible so they can buy a few shorts back. Can't get my head around exactly what the new regulations mean in terms of contracts...anyone out there know?

Wed, 04/25/2012 - 11:19 | 2373441 GeneMarchbanks
GeneMarchbanks's picture

http://www.youtube.com/watch?v=Xn0rgqBZ2wA

Is this the five o'clock free crack giveaway?!

Wed, 04/25/2012 - 11:10 | 2373444 EatersOfTheFed
EatersOfTheFed's picture

When is the "whole shithouse going to go up in flames"?  Enquiring minds want to know.

Wed, 04/25/2012 - 11:23 | 2373497 maxmad
maxmad's picture

after June 28th is a good guess...

Wed, 04/25/2012 - 12:02 | 2373663 DoChenRollingBearing
DoChenRollingBearing's picture

When someone BIG lets something BIG go...

Wed, 04/25/2012 - 11:15 | 2373449 SheepDog-One
SheepDog-One's picture

'Nothing from the Wizard Ben, so time to fade? 

Oh HELL no! Time to leverage up the fukin rip! Ben the Benevolent willl surely have free QE gifts thats what all the best minds have concluded 100%, although nevermind its been 'coming soon' for well over a year now...just hit the 'That was EASY' button, buy and forget it! 

Wed, 04/25/2012 - 11:44 | 2373587 DeadFred
DeadFred's picture

I love these posts that imply that subtle nuances of what the FOMC says will have any impact on the market. No, the use of a slightly stronger adjective won't do anything because the script for the report is already known and the rip or dive at 2:30 is already programmed into the algos. Short term the market will go where has been told to go. Longer term there is no QE without a dive, and since 'they' want QE it means...

Wed, 04/25/2012 - 11:13 | 2373451 Elk peanus
Elk peanus's picture

C, MS, GS, BAC, WF - all down right now

-Elk Peanus

Wed, 04/25/2012 - 11:13 | 2373452 Ivanovich
Ivanovich's picture

Lower energy prices?  On which planet did this occur again?

Wed, 04/25/2012 - 11:17 | 2373463 SheepDog-One
SheepDog-One's picture

LOL, oil 'dropped' .50 cents so we now have 'lower energy prices' nevermind of course gas is well over $4 avg nationwide. 

Wed, 04/25/2012 - 11:18 | 2373467 Ivanovich
Ivanovich's picture

Well, it's not over $4 avg nationally, yet.  But it's damned close.  $3.85 I think...

Wed, 04/25/2012 - 12:00 | 2373487 SheepDog-One
SheepDog-One's picture

Well last data I saw had it over $4, and its definitely over $4 here anyway and its historically one of the cheaper gas areas....I dont know what price statistic manipulation theyre putting out at the moment but I know gas it at historical highs!

Wed, 04/25/2012 - 11:16 | 2373460 Deep79
Deep79's picture

ZH has been saying QE3 now since last June, and here we are at close to 1400 sp and people actually think we gonna get QE3.

Serioulsy people think, you dont think the FED knows it doesn't work for more than about 3-6 months. We need to get to about 1100-1200 to even consdier QE.

 

 

Wed, 04/25/2012 - 11:20 | 2373480 SheepDog-One
SheepDog-One's picture

It is HILLARIOUS! Theyve been 'hinting at, promising, nudge nudge wink wink 'QE' any minute now' for well over a year, 'its gotta be comin any minute people, no really, huge free gifts....you'll see!''.....yea whatever theyre NEVER going to do QE because they can not let the markets drop even .5% without an immediate reversal within 12 hours. So the markets will never plunge 15% to 'pave the way' for QE....just none of this shit is EVER going to happen! I wonder when the first player realizes it and tips the first domino.

Wed, 04/25/2012 - 11:23 | 2373496 Christoph830
Christoph830's picture

I'm sorry but I've seen this argument many times on this site and I just don't get the logic.  Why can't QE3 be instituted with the S&P at 1400?  In Bernanke's twisted mind, he may actually think 1400 is undervalued and wants to continue to juice the markets with further QE.

Wed, 04/25/2012 - 11:31 | 2373515 SheepDog-One
SheepDog-One's picture

'Juice the markets'...lol for what, just for fun? No ones buying it except him! What youre really saying is they can keep circle jerking themselves longer...hey whatever.

Let him try it and the country can enjoy looking back at $4 gas as 'cheap'....hey go for it.

Wed, 04/25/2012 - 11:58 | 2373642 WAMO556
WAMO556's picture

Sheepdog-One: Spot on. Recently saw a article on AP and again on Yahoo in regards to 4.00 dollar gas - WAS CHEAP and that the American Economy could handle it. So why not give the market a juice of fake money to keep it going higher and to get the president re-elected. Mittens position is platform is on how Obama has handled the economy. The Juicing will only last for 5-6 months, but that is exactly what is needed, with another short juicing in october for the OCTOBER SUPRISE. Just saying.

Wed, 04/25/2012 - 12:05 | 2373661 SheepDog-One
SheepDog-One's picture

The funny part is no one cares about stocks anymore, I do an experiment lately and ask co-workers where the stock markets are. Most of them have no clue at all and cant get within 1,000 points where the DOW actually is. Will broke people really be impressed if the DOW is at 14,000? Or just a bit more pissed off? About the most UNpopular thing with the american people is this QE bullshit, people know its just to enrich billionaires and they know it doesnt help them. 

Wed, 04/25/2012 - 12:05 | 2373674 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Now THAT is a great little data point.  Even fairly well educated have no CLUE as to what's going on, and yet they are so OUT of the market, that they do not know or even care.  A Lost Generation of investors.

Bravo SheepDog!

Wed, 04/25/2012 - 11:36 | 2373556 Deep79
Deep79's picture

Think where oil and commodities would head?

 

 

Wed, 04/25/2012 - 11:38 | 2373566 SheepDog-One
SheepDog-One's picture

Thats why theyre obviously stuck, SURE they could dump in more fake money, but then its not exactly 2008 anymore and commodities are pushing near all time highs, do it again and sure theyll have their BS equities higher, and also gas at $5 or $6. 

Wed, 04/25/2012 - 11:16 | 2373461 buzzsaw99
buzzsaw99's picture

fed statement: We got to move these icrAAPL gadgets. Money for nothin', chicks for free.

http://www.youtube.com/watch?v=lAD6Obi7Cag

Wed, 04/25/2012 - 11:17 | 2373465 Cognitive Dissonance
Cognitive Dissonance's picture

This all sounds as convolted as double secret probation.

http://www.youtube.com/watch?v=Y0cF2piwjYQ

Wed, 04/25/2012 - 11:18 | 2373468 bnbdnb
bnbdnb's picture

Does GS usually provide good information on Fed decisions? Serious question.

Wed, 04/25/2012 - 11:38 | 2373563 xela2200
xela2200's picture

Well based on past experience, whatever they say, it is the opposite. Actually, I am wondering if there isn't something in the works just because GS hasn't been saying that QE is coming like in every previous FMOC meeting. All of the sudden, they are telling us to expect nothing.

Wed, 04/25/2012 - 11:40 | 2373571 bnbdnb
bnbdnb's picture

Makes me wonder if the Fed will do what NO ONE expects...raise interest rates.

Wed, 04/25/2012 - 12:23 | 2373751 xela2200
xela2200's picture

They cannot raise rates. They are locked in. If they do, the US Government goes bust.

Wed, 04/25/2012 - 11:55 | 2373631 DeadFred
DeadFred's picture

GS knows what the Fed will do because they call the shots, or at least are so tight in the loop that it makes no difference. The only question you have to ask each time is whether telling the truth serves their interests, sometimes yes, sometimes no.

I don't think it's possible to keep the markets happy through the elections.

Do they tank it now then recover and the Kenyan version of Obamney gets elected?

Do they rally now and tank it in late summer so the hedge fund version of Obamney get elected?

Take your pick but I'm going with the tank it early version.

Wed, 04/25/2012 - 12:08 | 2373686 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Some really great comments on this thread.  Which of Obamney do TPTB want?  Or how split are the factions (my way of looking at the TPTB)?

Your guess would be better than mine.  

I'll just keep putting more, bit-by-bit, into Au.  No trust.

Wed, 04/25/2012 - 11:19 | 2373474 MFL8240
MFL8240's picture

The liars will soon tell us they are not printing money when in fact they are buying 75% of all US traesuries and the Wall Street and Chicago gangsters will continue the con game with lower Gold and Silver, higher stoccks amid no recovery.  The whole sytem is a fucking joke of lies, deception, fraud and propoganda!

Wed, 04/25/2012 - 11:34 | 2373549 tocointhephrase
tocointhephrase's picture

They fucked it big time. No one trusts this system anymore. Good luck governments and bankers, your days are truly numbered!

Wed, 04/25/2012 - 11:22 | 2373490 ArkansasAngie
ArkansasAngie's picture

What the fed does incrementally ...one word ... one phrase ... is not relevant to my personally investing

I send as little as possible to Washington and none to wall street

My rubber hits the road bird's eye view says that until we have price discovery nothing will change

Wed, 04/25/2012 - 11:29 | 2373530 SheepDog-One
SheepDog-One's picture

They've gotten here, and really have no clue what to do next, I guarantee it. Theres no 'masterplan' at work here, just a bunch of patchwork cut and walpaper over everything....delay and pray.... its now just do whatever it takes to get thru today to live another day.

Wed, 04/25/2012 - 11:29 | 2373528 Jason T
Jason T's picture

Long growing own food, using sun for energy and heat and going long them $50 light bulbs that will last 30 years and use only 10 watts of electricity per hour.  Bitchez!

Wed, 04/25/2012 - 11:30 | 2373531 bnbdnb
bnbdnb's picture

IMO, the fed should increase rates, or advise they anticipate raising interest rates by the end of the year. Want to jump start this economy? Get gas near $2.50/gallon, with a stronger dollar. Easing and/or extended lower rates isn't buying anything anymore, if it ever did.

Wed, 04/25/2012 - 11:36 | 2373558 SheepDog-One
SheepDog-One's picture

Well they dont want to 'get the economy going again'...any fool can see it was PURPOSELY destroyed thru fake market collapses and printing money and monetizing the debt outright. Any freshman econ101 student should be able to identify that easily!

Wed, 04/25/2012 - 11:50 | 2373567 bnbdnb
bnbdnb's picture

Not so sure, a stronger dollar for 6 months, could get Obama re-elected, and ensure Ben keeps his job.

Wed, 04/25/2012 - 11:53 | 2373618 SheepDog-One
SheepDog-One's picture

You assume the banksters want to KEEP the puppet Obama....I do not...I believe they want 'whitey republican' puppet in there to take all the heat for the collapse!

'Stronger dollar' lol relative to what? Its worthless shitpaper.

Wed, 04/25/2012 - 11:54 | 2373625 bnbdnb
bnbdnb's picture

If they didn't want him, they wouldn't be funding his re-election campaign 3 to 1 over Romney.

Wed, 04/25/2012 - 11:57 | 2373636 SheepDog-One
SheepDog-One's picture

'They' who? Obama is having a contribution drought. Besides money means nothing, theyve already set who will 'win'. It makes me chuckle to see people actually think 'the people' go out there and decide who the so-called 'president' will be, really the CEO of the bankrupt banker corporation. The people decide nothing....grand illusion.

Wed, 04/25/2012 - 12:11 | 2373695 DoChenRollingBearing
DoChenRollingBearing's picture

^--- DIALOGUE above.  + 1 to all.

Wed, 04/25/2012 - 12:13 | 2373713 Council of Econ...
Council of Economic Terrorists's picture

"It makes me chuckle to see people actually think 'the people' go out there and decide who the so-called 'president' will be"

 

Yep.  Obama and Bush family share common ancestor, Thomas Hinckley.  About all this talk of Obama being Kenyan, if that is so, he didn't come over here on a SLAVE SHIP.  He came here in a jet because he is royalty.

Wed, 04/25/2012 - 11:47 | 2373600 Quinvarius
Quinvarius's picture

Permanent recession is their plan to make people hold onto paper money and slow the velocity to stave off hyperinflation.  They want to print and have it retain purchasing power.  Unfortunately, our economy is too far gone to continue to support this idiocy.   It is just like running up a credit card.  It works great until it doesn't. 

Wed, 04/25/2012 - 11:54 | 2373628 SheepDog-One
SheepDog-One's picture

Everyones 'holding paper money'? Maybe EBT cards, thats about it.

Wed, 04/25/2012 - 12:12 | 2373704 DoChenRollingBearing
DoChenRollingBearing's picture

Not everyone.  I hold lots of green fiats.

Bank Holiday?  Fiat > electrons at the bank.  And of course, gold >> fiat.

Wed, 04/25/2012 - 11:31 | 2373536 AmazingLarry
AmazingLarry's picture

Up to 3 2012 ASE's at spot from APMEX if you're a new customer. $30.20 and going down faster than Blythe on Jamie. 

 

 

Wed, 04/25/2012 - 11:41 | 2373574 VonManstein
VonManstein's picture

silver getting crushed in large moves. gold holding up a lot stronger. this is happening before the statement.. and normally happens after.. someone knows something either way we will see. im long twice as much as i am short.

 

Wed, 04/25/2012 - 11:54 | 2373623 Quinvarius
Quinvarius's picture

The retail crowd has it all figured out this time, I guess.

Wed, 04/25/2012 - 11:56 | 2373638 VonManstein
VonManstein's picture

fuck it. i just bought the dip. now long/short 3:1

Wed, 04/25/2012 - 12:13 | 2373711 skepticCarl
skepticCarl's picture

From Man Stone, you certainly violated Commandments 1 and 5, and probably alot more (per Commandment post below)

Wed, 04/25/2012 - 12:33 | 2373782 Quinvarius
Quinvarius's picture

I have not figured out what the biggest rape move would be yet.  That is surely what will happen at 2pm.  I am seeing a lot of signs that sheep are selling because the price went down.  The COT looks like the long specs went away from PMs for the time being.  However, they are moving it close to the leveraged stops placed by morons which surely sit at 30.

Wed, 04/25/2012 - 11:54 | 2373620 cougar_w
cougar_w's picture

The FOMC statements are part of the State propaganda apparatus and can and should be ignored.

The Fed has become a fog machine, dispensing illusion. You will see no truth until you see it on the streets.

Wed, 04/25/2012 - 12:14 | 2373715 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  Been a while since I've seen you around cougar.  Really nice comments in this thread today.

Wed, 04/25/2012 - 11:54 | 2373621 Arnold Ziffel
Arnold Ziffel's picture

 

 

 

11 Hidden Costs Of Owning A Home

http://finance.yahoo.com/news/11-hidden-costs-owning-home-194136921.html

Pretty good article except they forget to mention when you need to sell in 3-5 years you're hit with about 10% in RE commissions, title closing costs, and costs to rejuvenate the Box to make it look sellable to some warm body who happens along.

Wed, 04/25/2012 - 12:02 | 2373659 cnhedge
cnhedge's picture

 

An update on TARGET2

http://www.cnhedge.com/thread-4003-1-1.html

http://www.jinrongbaike.com/

Wed, 04/25/2012 - 12:07 | 2373680 skepticCarl
skepticCarl's picture

I expect all comments to adhere to the Zero Herders 10 Commandments:

 

1.      Thou shalt be a Bear, by God.

2.      Thou shalt not tradeth Gold in vain, but buy on physical. For the gold bugs will not hold him guiltless, who shorteth Gold, or tradeth in paper in vain.

3.      Remember Bear Markets, to keep them holy.  We may never see another one again.

4.      Honor thy guns and thy ammo, for long may they be there to comfort ye.

5.      Thou shalt not buy stocks, except maybe some miner’s.

6.      Thou shalt not screw around with options and derivatives

7.      Thou shalt not discredit any conspiracy theory.

8.      Thou shalt  post “Eff Bernanke” and “End the Fed” in every thread, regardless of the topic.

9.      Thou shalt not covet thy neighbor’s 401k, even if it is flying with PCLN, CMG and AAPL.

10.  Thou shalt not respect the Fed Chairman, nor his banker buddies, nor the Treasury Secretary, nor the POTUS,  nor anything found in the Main Stream Media. 

Wed, 04/25/2012 - 12:15 | 2373717 slaughterer
slaughterer's picture

11.  Thou shalt throw stones at Million Dollar Bonus, lest his word be mistaken for the tribes.  

12.  Thou shallt mock and slay RoboTrader, in memoriam as he was sacrificed for the good of the tribe months ago. 

13.  If any ZHer confess to buying a momentum stock, they shall be excommunicated or damned from the tribe, as the tribe must have nobody who does not follow its creed.

 

Wed, 04/25/2012 - 12:17 | 2373724 slaughterer
slaughterer's picture

14.  Thou shallt intone the perpetual possibility of QE3, as it is only its light that giveth the sparkle to the tribes gold.  

Wed, 04/25/2012 - 12:22 | 2373744 slaughterer
slaughterer's picture

15. Thou shalt hold the Word of Tyler as sacred writ, for only He may speak the truth.

16.  Thou shalt fade every trade of the Devil Goldman Sachs, especially if it comes from the Stolper demon.

Wed, 04/25/2012 - 12:25 | 2373746 skepticCarl
skepticCarl's picture

Yea, verily, Thou doth not geteth MDB.

Wed, 04/25/2012 - 12:28 | 2373769 The Axe
The Axe's picture

11. If its your first day here, you got to fight!

Wed, 04/25/2012 - 12:27 | 2373763 The Axe
The Axe's picture

 I love how the assholes that parade around on CNBC tell us, TARP was great..US government made money..Taxpayers paid back......Fucking Bullshit....forget about the crap that is stuffed into Maiden lane I and II  forget about the toxic waste on the Feds balance...just plain TARP...http://www.marketwatch.com/story/taxpayers-still-on-hook-for-119-bln-in-tarp-funds-2012-04-25

Wed, 04/25/2012 - 12:41 | 2373823 riphowardkatz
riphowardkatz's picture

mal investment see mises

Wed, 04/25/2012 - 18:23 | 2375102 SILVERGEDDON
SILVERGEDDON's picture


Republican. Democrat. Who gives a fuck ? Two sides to the same story. The lap dogs for the psychotic aristocrats that truly rule, and determine how the USA is getting gutted by corruption, power, and money. May they all be sentenced to life on a desert island, surrounded by barbed wire, so they can't swim out to drown - the easy way out. Just dump all of them there with a supply of baseball bats. Nothing else. Then, let them practice politics on each other. The world would be a better place. 

When did " Life, Liberty, and the Pursuit of Happiness " become " Live a Miserable Existence to Serve our Greed for Power and Money " God better bless America, and, save it from the ruling class before it is too late. They may rule the political arena, the monetary system, and the courts, but they cannot extinguish the Constitution Of The United States of America. Yet. You all need to stop looking at the tree, and start looking at the forest.

Politics is like masturbation. It may be temporarily satisfying, but you know it isn't like the real thing. Even worse when you can see some one humping your Lady Liberty right in front of you, laughing all the way to the bank, and making it illegal for you to do anything about it other than masturbate some more. We need a Network TV moment. " I'm mad as hell, and I'm not gonna take it any more ! "

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