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What Mitt Romney Also Said: A Glimpse Of The Endgame?
By now everyone has heard the infamous Mitt Romney speech discussing the "47%" if primarily in the context of how this impacts his political chances, and how it is possible that a president "of the people" can really be a president "of the 53%." Alas, there has been very little discussion of the actual underlying facts behind this statement, which ironically underestimates the sad reality of America's transition to a welfare state. Recall Art Cashin's math from a month ago that when one adds the 107 million Americans already receiving some form of means-tested government welfare, to the 46 million seniors collecting Medicare and 22 million government employees at the federal, state and local level, and "suddenly, over 165 million people, a clear majority of the 308 million Americans counted by the U.S. Census Bureau in 2010, are at least partially dependents of the state."
Yes, Romney demonstrated potentially terminal lack of tact and contextual comprehension with his statement, and most certainly did alienate a substantial chunk of voters (most of whom would not have voted for him in the first place) but the math is there. The same math that inevitably fails when one attempts to reconcile how the $100+ trillion in underfunded US welfare liabilities will someday be funded. Yet the above is for political pundits to debate, if not resolve. Because there is no resolution. What we did want to bring attention to, is something else that Mitt Romney said, which has received no prominence in the mainstream media from either side. The import of the Romney statement is critical as it reveals just what the endgame may well looks like.
In response to an audience question:
Romney: [The] former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it." It's just made up money, and this does not augur well for our economic future. You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind.
Source: Mother Jones
And that is how the Fed effectively took over control of the United States, as without it, it is game over. This is also why the ongoing presidential election is a farce, and has absolutely no bearing or significance for the future of the US, whose true ruler does not reside at 1600 Pennsylvania Avenue, but instead holds America hostage in a powerful Stockholm Syndrome grip from the deep recesses of the Marriner Eccles building located, paradoxically, on Constitution Avenue.
Don't worry though: like any "true democracy", the real "leader" of the nation will never be eligible for popular vote. Ever.
P.S. It appears that Paul Krugman has promptly taken offense to the realization that Bernanke is "monetizing 75% of all debt." He has even promptly penned an article "Misinformed Monetary Mitt" proving the Noble prize-winning economist really has little understanding of the dynamics of debt monetization.
Here is the reality: under ZIRP, all bonds with a maturity inside the guaranteed 0% envelope are essentially cash equivalents. This means all bonds 3 years and less, which as is to be expected for riskless paper, have a coupon of roughly 0% (except Fed counterparty risk of course, because the only reason they should trade above 0% is if the Fed loses control of inflation and ends ZIRP prematurely before its announced end date now sometime in 2015). When the Treasury issues them the buyers takes on ZERO risk, thanks to ZIRP. This is also the reason why the Fed sells $45 billion in short-end paper each month, as part of Twist sterilization. In essence the only debt issuance that matters for the US Treasury is that of longer-dated issuance. This amounts to roughly $45 billion per month in the 10-30 year window, and is virtually all the debt that the Fed monetizes on the long-end as part of Twist. This is also knows as Flow as we have explained repeatedly, but we don't except someone still stuck teaching 1980s economics to understand this (Goldman explained this here)
But this is not news: back in February we noted that Under Twist the fed has monetized 91% of all LT gross issuance.
Between Twist 1 and 2, the Treasury has not auctioned off one dollar of gross LT debt to the private market, as evidenced by the total inventory of 10-30 year paper which has remained fixed at $650 billion. It is this liquidity limitation that forced Bernanke to monetize not more TSYs, but to commence buying Mortgage Backed debt.
The fact that Krugman does not get this simplest fact about the nuances in the Fed's monetization activities demonstrates just how dangerous it is to assume that just because someone has been awarded a Nobel, they automatically are an expert in something, anything, especially involving numbers.
And because we enjoy spreading knowledge, and for the benefit of even the most math-challenged Economics professors, here again is a simple clip showing how Romney is actually lowballing the real number of relevant gross issuance, which is nearly all in the critical 10-30 year ballpark, and where the Fed will soon be virtually the sole marginal market player.
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I am tired of everything being blamed on false flag. What a shit excuse for not understanding what is going on.
We'll have our choice of two words here: Reichstag Fire or USS Maine.
not many resonant numerical symbols left between now & the elections, but how does
10.11.12
strike ya tonez? falls on a thursday, "markets" open, etc.
have to agree tho' - it's either a false flag or a black swan now. . .
http://www.nakedcapitalism.com/2012/09/michael-hudson-on-how-finance-cap...
$16,000,000,000,000bama.
Krugman may be an economist the thing about economists is they all studied from the same books etc. Emperical science is great with an absolute outcome measured in reality but not economics.
So when the world was flat, all the astronomers then worked from books and writings that taught the world was flat and they all believed.
Take this concept, give me 10, nah 100 machines couple of computers and a country of low wages where those bits I can't automate I can pay peanuts for it to be assembled. There thats 10 million laptop on the market now and a nice little earner.
Shame you ain't got no money to buy one. Well that was a waste of space being a budding industrialist and all don't you think. Now let me go speak to me mate at the FED/BOE/ECB get them to print you some.
So being an industrialist is back on then, seeing as you now got some dosh to spend. Go on buy a laptop ... Ssshhh don't ask where the money came from though.
Sound economy you see, can you see all the people with money buying the goodies.
...Alan Simpson; of the Simpson Bowels committee, the one Rosemary's Baby called for and then totally ignored, he said from the opening of that committee that he was there when they all (both Dem and GOP) contributed to this mess. Now here on Zero Hedge, of all places, dipshits are offering the two party line of bullshit about who is bought and paid for more, Magic Underwear Man or Rosemary's Baby? You pathetic morons.
We all know that America and Americans are captured by this stupid and corrupt banking system and crazy idea for a borderless global one world market system based on the mark of debt. The two parties gave favorite nation status to Communist China and sold out American labor and dipshit Americans fell for the Ross Perot ''gaint sucking sound'' offer of temptation that gave rise to the U.N. Agenda 21 City and inflated home price through the now broken Glass Steagal kick me in the Fannie Mae I have another QE slush fund bonus. It's all criminal and the fact is our security has been aborted in the image of the Great Wal Mart of China Suicide Vampire Squid Beast.
What are Americans going to do about it? NOTHING! Not a damn thing. They are going to show up for work, drink from the BTFD Cup of Fornication and let the wine of wrath poor out. That's a fact.
Could Americans resolve the problem(s) and restore order through a commerce tax only system and re-establish State Law and individual liberty again, with Health Care etc... paid for at the point of purchase? Hell yes they could, BUT!!! ...when you witness a majority vote against God, lmao, undemocratically over ruled by the Democrat fascist calling for that voice vote, and you see the Republicans bar Ron Paul from speaking, well, there you have it. Anyone trying to defend life liberty freedom and independence by this two party bullshit is a FOOL! Everytime you post favor for either party all you are saying is you are a not an American, you are a beast upon the burning alter of Moloch.
The United States is a lost and pathetic Whore. The Muslims in the Middle East at least rose up and have passion for something and there has been some of that passion in Europe. It really does not matter how that passion rose, the fact is, at least the people have a pulse and are not lukewarm, and they sure do have a case against the usury and war mongering scumbags that have supplied the world with arms and debt.
The fact is, the Muslims, Christians etc..., and even the secular crowd, all have a common enemy, the banks and corrupt government scum, backed by military force, that have mapped their own claim(s) of dominion and brought us all to this point of failure and the brink of a world war again, all for the sake of this pathetic New World Order idea of a single United Nations image and voice. ...and what the hell is that anyway? ...a fat consumer, with an Apple, standing in between a Wal Mart and Starbucks eating fast food and marked with debt, and the only way they can tell what country they are in is by GPS. Now that's just the 2012 image of the beast. If humanity was able to make it without suffering the judgment of the prophetic tribulation, repeated thoughout history, 2045 would be a Transhuman with a Burkah looking for a fight with the last human rebel. LMAO.
we pretty much wouldn't agree on anything, but you did some hella funny ranting there. . .
that last bit you should get patented, sharpish - it's beggin' for an illustration!
...awe man, if you agree that the Truth is not a choice and love is the meaning of life, we are good to go. If you do not agree with the risen image of The Sustaining Mercy, well then, how do you explain the light outside of your fractal? Lol.
yeaaahhh, it's in the definitions of those concepts that I'm sure we'll part company. . .
for me, the Truth appears in concentric circles of awareness, the ole pebble dropped in a quiet pool, with expanding rings of true-ness radiating outwards. . . each containing the Truth of the preceding ripple. . . and ultimately acknowledging the peaceful pool once each ripple settles into the Whole.
as to "love" - well, if it's Unconditional & doesn't have anything to do with pair-bonding rituals, in that it includes the Hateful. . . then yes, it has meaning in Life. I doubt many of us have the capacity to go there, or stay for long, but it's a lovely concept.
we all just. . . are. until we aren't. then we All are, together, as one, right back where we started, not separate at All.
lol, hang in there!
''for me, the Truth appears''
''love'' -well, if it's Unconditional''
''we all just ...are. until we aren't''
''not seperated at all''
''yeaaahhh, it's in the definitions''
''I'm sure we'll part company''
Man that's good stuff, magical. Lol, especially ''if it's Unconditional'', that gave me a belly laugh.
thank you thank you, be sure to tip your host. . .
I warned you about the definitions, because that's where the Truth always lives, and folks do define words according to point(s) of view(s) - how else would we all be learning doublespeak these days except by questioning the descriptives instead of taking them at face value.
we do all question these things, don't we?
and there's nothing magical at all about my words, but of course, you have your own interpretations.
as do we all.
by the way, you have a preference for "conditional" love? as in, love based on rules to be met? and love removed if rules transgressed? is that rescinded love replaced with anything, like hate for example? because I'd not call that "love" but maybe something more possessive, selfish even. love, unless/until. . . not really very dependable, un-real even. . .
keep laughing, it's a tonic!
...you are not going to say something like, you shall not surely die, are you? Lol.
Interesting, on the condition you set for love, are you sure about that ...really? Lol. You almost described Christ, but your offer is a bit too jealous for your own image to be found in agreement wth that mirror. Lol, you bachelor you.
So, ''we just are'', have you ever gone by the name ''I am'' when ''we just aren't''? Lol, and who gave you your name, the Magician's imaginary sex partner for the moment? Lol.
To your question to me about your condition for Unconditional love, lol, I refer you back to ''The Sustaining Mercy'', which finds your point of order in the mirror, without your image being in it, lol, beyond your flashy shadow of your short lived ''doubt'' which you describe as eternal. Kinda makes you wish for death now don't it? Lol, I'm not expecting you to get that last zinger until ''we just aren't''. Lol, forgive the lovely image, I did not mean for you to suffer the pain of your witness, 'tis all meant for those in agreement with The Truth in the mirror image of The Light. Lol.
There was never a need to directly ask you what the fractal of the black hole looks like, that's why I asked you to explain The Light outside your fractal. Lol...
This site sure has changed. Thinking that Mitt would do anything different except to maintain the status quo by continuing the ponzi. Interesting how suddenly this site is pushing a pro-Romney agenda. Me thinks someone is getting some revenue from certain PAC's.
ZH throws it ALL out for us to say what we think. I notice a little bias, but I can forgive it for the stake through the heart with financial news.
The story per se is not pro-Romney; the story is that some rich asshole (Romney) accidently mentioned something possibly true and important about the Fed. Which in turn makes Romney, or Obama, largely irrelevant.
Everyone knows ZH is pro Ron Paul, not pro Romney.
As a Canadian i am embarassed by my leader but you guys in the states is that the best that you can do ?
You may not know it sir, but your leader is that old hen eugenicist pig The QUEEN whose image has polluted otherwise beautiful coinage for decades now. God, "don't" save the queen!
Tuco
I'd happily trade you an Obama for a Harper on Election Tuesday. They both look good on TV and can easily be programmed for only a few dollars.
I think either one would operate just fine in either the White House or 24 Sussex Drive. In fact, if you act now, we'll throw in, at no extra cost to ANYONE, a Mitt Romney unit.
this could be the theme song of the decade/s,
this election in particular.
.
Butch Hancock - Junkyard in the Sun
http://www.youtube.com/watch?v=DKFE-Sltw7w
.
" give your hot dog time to cool down
give your watch dog room to run.
give your hot dog time to cool down
give your watch dog room to run.
for every grave yard in the moon light
there's a junk yard in the sun.
.
the preacher's got his bible
the law man got his gun
the preachers got his bible
the law man got his gun
for every grave yard in the moon light
there's a junk yard in the sun.
.
the woman i was in love with was
just as sweet as she was mean.
well the woman i was in love with was
just as sweet as she was mean.
she had a smile like christmas morning
she had a heart like halloween.
she wore sandals and serapes
she wore jackets, jeans and jewels
she wore sandals and serapes
she wore jackets, jeans and jewels
seems like all her paid vacations always
fell on april fools.
.
you saw the face of god's own mother
up in the texas sky of blue
you saw the face of god's own mother
high up in the texas sky of blue
well i saw the daughter of the devil himself
late last night on south congress avenue.
.
give your hot dog time to cool down
give your watch dog room to run.
give your hot dog time to cool down
give your watch dog room to run.
for every grave yard in the moon light
there's a junk yard in the sun. " b.h.
.
in the key of E.
FRB 101: Ben works for Jamie, Jamie does not work for Ben ...
US constitution 101: Obama works for Ben, Ben works for Jamie, Obama works for Jamie ...
When JPM blows up replace Jamie with ...
This sounds more like Sesame Street. Not the content, the cadence.
"When JPM blows up replace Jamie with"
Richard Gere?
Doesn't really matter which muppet gets elected. Romney does have a better grasp of the problem than the Teleprompter in Chief.
First they will tax (rape) all the "rich people" (people that have declared income above the magical $250k). Romney has the same view as Obama about 'paying your fair share'. When that doesn't work, they will hike tax rates to over 90% for everyone...then approaching 100%.
Essentially, debt serfdom is on the horizon...while foreign countries race ahead of America and take advantage of her collapsing Empire....
Suddenly, but surely, treasury will auctions fail, inflation will then set in, and the Fed will literally not have enough time to catch up the rate of it...
People with farms will have food and shelter....what about everyone else? It's a scary thought I wish I didn't have...
Unfortunately, people with farms will also probably have to deal with the sheriff, telling them that they didn't pay enough new and improved property taxes, and that they will have to leave the house and crops before sundown.
Sucks to be that Sheriff.Better be numerous,those rural folks don't take to kind of that stuff.
Check out all those ex military working in the PD, FD, with their veterans preferences, do what I say attitudes, and slightly crossed eyes staring into infinity.
Citizens are being killed or maimed daily. Whatever you do, do not open your door, any door, while carrying a weapon, no matter who you think is outside.
Cimino had it down in his 1980 film Heaven's Gate. By the authority of the POTUS, you are on the dead list. Repeated about 3 times for the hard of comprehension.
The Sheriff will not be alone. Even the JPM home mortgage servicer subcontractors aka burglars will be operating in packs.
The problem the packs face is in the numbers, in my state of Minnesota of about 5.3 million people around 800,000 go deer hunting every year. My guess is that the deer hunters represent about 1/3 of the armed population.
We harvest a couple hundred thousand deer per year on average and I been hunting with many folks of different ages for the last 35 years.
I think it reasonable we could get a good 10% of these folks together to shoot back at JPM and burglars and just like deer hunting we would work in packs and have a decent kill rate.
So lets take the number of 80,000 armed Minnesota deer hunters who don’t want to take crap from anyone and assume they pack up at about 5 folks per pack or about 16,000 packs of 5 people each who know how to kill.
Lets further expand the scenario to the skill set these people will bring to the table, chemists, physicists, mechanics, engineers, marketing experts, artists, musicians, religious leaders, politicians, bankers, food service people, farmers,,,.
For now we can forget the fact that we have a huge population of young folks who just got back from engaging in major world wars and are part of our National Guard including an air force.,
Forget about the fact that all that new Ammo being ordered up by DHS is being produced at the Federal Ammunition plant in Anoka, or that we on the bleeding edge of Nano Tech, Artificial Intelligence, we have our own state Air Force and as much as we like to bait the Packers as Viking fans or throw insults at folks in North Dakota or Iowa we regularly hang out with them and drink beer.
Forget the fact that Minnesota will be the number one corn producing state in the nation this year and were sitting on the best water resources on the planet, albeit much of it frozen for a good part of the year.
So who is the boogie man going to come and take us down?
The entire armed forces of the USA, better get them air craft carriers out of the middle East and put them on Lake Superior now, time for a troop redeployment from Afghanistan to Minnesota.
Better get the Chinese involved too if your really serious about taking us over, but our friends on the Nuke trigger in North Dakota may not look to kindly on that.
Back to the numbers in my scenario, 16.000 packs of highly skilled armed killers with air support bio chemical and nuke ability.
Some yet to be determined force of US folks along with a huge contingent of Chinese are going to subjugate us.
And we have not even started talking about Alabama or Abouut Canada yet or a bunch of other states that have huge capabilities where similar numbers could be drawn with different complimentary revolutionary properties.
The scenario meme of some federal force kicking down doors across the country is irrational and a meme which needs to be dispelled.
It isn’t happening cause it can’t work and TPTB know it.
The number of ex-military (not even counting those who have been shooting since before they could drive) that are not working in the PD or FD dwarfs those that are. Once you get outside of the cities you start to find law enforcement (which for years) has been quite cogniscent of the fact that they are outnumbered and outgunned. Furthermore, in certain areas disdain for the Federal government (and perhaps the non-local big banks) is the predominate view among the PD and FD staff.
When everyone has guns, everyone is forced to learn how get along. (the surviors will testify to that)
The same math that inevitably fails when one attempts to reconcile how the $100+ trillion in underfunded US welfare liabilities will someday be funded.
"Funded" happens as we go along, and it's funded with printed currency borrowed by the government.
You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up.
No, the answer is it's being stolen from the American people and anyone else holding US dollars.
Printing currency to loan to the government so they can spend a trillion dollars more than they take in each year dilutes the value of all dollars, yes, the dollars in your pocket and paycheck and bank account.
The Fed is silently stealing more of your wealth simply by running the presses and creating more currency, just like issuing more stock of a company dilutes the value of existing shares.
So the Fed is silently stealing a trillion dollars of wealth from the American people each year and loaning it to the government so they can turn around and give it to ...well, just about everybody ...except taxpayers.
It makes no sense for someone to pay taxes then get some of it back in welfare. So welfare money only goes to people not paying taxes. :)
I say, your posts are right on. Maybe you should take up where Ben Franklin left off with Poor Richard‘s Almanack, only geared to financial insight for the peoples. Better yet, a weekly clue-in for the clueless yearning to be in the know on ZH. Anyway, you've got a fan.
Thank you again!
You are a damn good teacher.
new money bitchez
George Romney had a fire in his belly, and a love for this country. Contrast his career to Mitt's. George concentrated on building, Mitt was a vulture. George served this country, Mitt slithers, and shucks and jives, every which way he can, not to pay the taxes, taxes that paid people like his father to establish a strong foundation in America, it wasn't a handout, it was help. There are millions of people grateful that they got help when they needed it. Most went on to make a success of themselves. Didn't Ryan go to college with SS money? How soon they forget! Ingrates!
How much are we paying businesses in subsidies? Maybe they should stop looking for a handout first, after all, they are sitting on record profits, right? Ultra low interest loans? Sweetheart business contracts? Forgiveness for crimes? Don[t worry so much about the little guy, he's got it pretty rough right now. Nothing is going to get better unless we drain the poison in our system. You all know where it came from, why we have millions unemployed, millions on food stamps...they did not choose this. FIX THE DAMN PROBLEM!
Kockless Krugman and D. Cornholer from Mother Jones, with a camera hidden in his BVDs (pleanty of room in there with his shorty) what a pair of tumors... Yes, Mitt is fucking it up by the numbers, maybe he needs that turd Rove... Mitt is just not a seasoned, corrupt lying piece of cat scat like BO... and too late to learn. Well, at least my gold will continue to rise until the country completly breaks apart... I hope Arizona seceeds from the union soon... Obamaland is a fucking bad joke.
um, yes, he is. you're delusional if you believe Romney would be any 'better' than ofailure.
"Winter" for America - at least a couple of decades of poor conditions. Nothing new here really - been said many times over before (the 4th inning, etc). I would not call it a permanent decline, yet, as it would require a clear emergence of an outside force capable of attracting current American capital. Pentagon and the CIA would never let that happen as long as they are reasonably well funded.
article is superb. Only issue i have is what did Romney say that was non-factual? Yes, too many people are slaves to an imperial hand out. This statistic needs to change. its a cultural screw up. Not something that needs more coddling! This Nanny/Welfare state is and has changed the USA from what it used to be to a borderline socialist Failure! We have to stand up and say NO MORE centralized power! The states of this country granted power to Washington with a fit! as they were so worried about this type of statist control! Now the states of the USA are slaves to the centralized power they swore with their lives they would never submit too!
No President, NONE can meet the utopian socialist policies that seem to be on the BRINK of changing us all.
Take the power away from Washington and put it in our local and municipal and personal hands!!!!!
Otherwise, it is game over... It already may be too late.
ECE
structurally i think many cities are in pretty bad shape. you want to poor to go back to work? where? 20-30 miles away at lowe's. these problems bother me the most because it hinders any recovery. pretty bad i think...survival of the fittest
many of these larger cities having been losing population for decades. like, Cincinnnati, Detroit, Pittsburgh, Buffalo, St.Louis etc..
what i see happening is.... this lost population will need to be addressed somehow and i think we are going to see places abandoned. like the gold rush days
Pssst....guess what?
The MATH of entitlement reform isn't actually all that hard.
It's the politics of CORRUPTION that is the problem.
Which I do think Tyler XYZn knows perfectly well.
OK, carry on.
The same Mother Jones article quotes CNBC to challenge the idea that the Fed is buying 3/4 of government debt:
http://www.motherjones.com/kevin-drum/2012/09/fed-really-buying-three-qu...
Mom and Pop investors?LOL Nice catch. +1
My God ... the WH has so many surrogates one cannot keep up with them all ... $170 billion sold to "Households" ... Where did this household money come from?
The propoganda being fed to the American people is as kooky as anything the Soviets threw out during the cold war...
"Household" doesn't mean Household. It means indirects which don't fit any prescibed category. They may be Instutions with bond funds, but they are mostly ghosts who they don't want on record at an auction. It's the "Nobody-knows-who-the-fuck-they-are" category.
Trust the rich?
Trust Wall St. Trust Banks. Trust HFT. Trust Hedge Funds.
Forget it.
I don't understand everything posted at ZH, but I think I get the gist of it, which is: "Borrower is slave to the lender." I get that sooner or later the piper must be paid in some way or another...the fact that we exist off borrowed money means we already defaulted (in effect).
Been here about two years. My question is, what is the absolutely latest date for the end of this charade? By what date can/should I rightly presume all this negative prognosticating was for naught, except to possibly drive up the price of gold and silver?
Just sayin...
The day the goberment announces that gold and silver are now to be confiscated and all IRA's must be converted to Treasuries by their custodians
what mitttens also said - (i paraphrase...but it's in there)- "i don't know what the markets will do, most of the time it is the opposite of what i think"" honest, but not exactly confidence building......
...all IRAs
must be converted to toilet paper treasuries by their custodians??
yup real possibility !! by odummernomics QEorganizer ! so he will guarantee you 3% return on your treasuries...only to watch it go to 20% and inflation @ 20% = "nice return" = nice massacre on your paper portfolio.
they can't confiscate your underground gold
Mittens is TOAST
Sorry, folks that's all. End of story. He didn't even get to be President to have his "Watergate". He got prematurely "Nixoned". Maybe PREEMPTIVE.
I guess his plans (whatever they might have been) did not appease a certain cabal too much. First, Ben gives the carte blanche with infinity funding and then the tapes ... things that make you go hmmmm
For the record. I don't give a care which team wins. But to watch the Romney campaign go up in flames is delightful. Haven't had this much fun since John Effen Kerry!!!!
http://richkidsofinstagram.tumblr.com/
In case you need to throw up your breakfast...
So:
A. Romney believes that as soon as Bernanke stops printing, we'll have a failed TB auction and interest rates will rise;
B. Romney promises to fire Bernanke to stop QE3 in its tracks; therefore:
C. A vote for Romney is a vote to raise interest rates.
As a saver, I'm all for that. But I don't get how that creates jobs or growth in a world where the only thing keeping us from a debt deflation is low rates and QEn. As many here have concluded, the election is meaningless unless you think there is a significant difference between a quick collapse or a slow one.
If you have some way of determining a correspondance bettwen who to vote for and the rate of systems collapse please share the math,
Galileo dropped two balls of different masses from the the Pisa tower in 1580 and they both hit the ground at the same time proving the collapse could be tomorrow or a hundred years from now and unless you think mittens or obama are some butterfly wing flappers about to cause some big shift of time I recommend you forget about em.
Redirect you fine brain power to better purpose for your own good as you see fit or stay the course if that is in your best bet.
A. Romney and Obama will have exactly the same policies, because they are just figureheads - and they serve the interests of the international bankers.
B. A fast collapse is infinitely preferable so a slow erosion, because in a fast collapse it is the imprudent lenders who suffer the harshest consequences, and the bad debt and malinvestment is cleared from the system. In a slow inflationary collapse, it is savers and workers who suffer the most.
A. Romney believes that as soon as Bernanke stops printing, we'll have a failed TB auction and interest rates will rise;
Bennie & the Fed will NEVER stop printing and buying Treasuries, EVER.
So Treasuries won't collapse and the government won't collapse.
But the currency will.
Team, Happy Thor's day!
There is no endgame that anyone knows and that’s the truth.
God throws dice and so do we, there is nothing wrong with cheating, shave the edge off those little buggers a bit in our favor, be patient, just double down all the time, time, time till you bust, unless you want a better handle on the outcome.
As much as we may lament current conditions, within a comparative historical context most of us don’t have much to whine about unless we would really like to crank the clock back for all us 7 billion folks and drop a good 20 years off the average life span. Ponder that chart if you would on an X of N or dispute if you want.
Meanwhile back at the ranch, let us gird our loins, hone our algos and cast our processing resources like a rocket J squirrel from a Moose hand to change the theme of “Over a long enough timeline the survival rate for everyone drops to Zero”
The biggest problem facing our reality now is that for most of us we can’t figure it out fast enough to be secure. Many sheeple are asleep. Many folks are trying to wake them , wasting time that could otherwise be spent better handling and solving problems of higher priority.
Our President, Congress, Supreme Court, United Nations, China, Japan, Iraq, Lindsey Lohan, nor the NFL even JPM, don’t have the answer. Everyone knows this even them.
The more you reach out to them the more you lose time to shave the dice.
Cast it how you want.
Cheat!
All the best!
MikeMcGspot
We're into the Rothschild and Rockefeller money now. It won't be long.
And I was just getting used to this life of Garfield.
This last week, reports of Chinese naval vessels off the US coast, Northern Californian in particular, have been reported but denied.
The verifications of the fleet operations have been many, there have been no confirmations from the US side though the ships have been seen by every vessel that makes it offshore. The true nature of both the threat and the extent of the multinational military force used is beyond any imaginable classification level
Now an Asian intelligence agency reports that a combined fleet operation between the US and China has been going on, a full combat operation against what we are told is a “highly unfriendly extra-terrestrial threat.”
First thing that comes to my mind is that the banksters are preparing to nuke the US although the article did say it might be to fight a highly agressive extraterrestrial forse while the US fleets are in Iran.
Inflation Tax = Stealth Tax ; Excessive Printing is Stealing
The reason why this became not earlier visible is connected to the role of the US Dollar as the worlds currency. The printed Dollars created inflation all over the world thus spreading the "Inflation Tax Burden". But in 2007/2008 two things became obvious.
1) The US simply prints to many Dollars to be sucked up by the world markets. The tax rate was simply put too high to be further accepted by China, Russia, India, etc.. Western Europe joined these countries in their fight against the ever rising US stealth tax on their population.
2) This resulted in the fact, that the newly printed Dollars started to sit on the shelves in the US and did not leave the country. This created the problem that Japan, China etc bought since then dramaticlly lesser Treaseries as compared to the past.
3) This made it necessary that the Fed is now directly monetizing (printing) the Dollars needed to cover appx 75% of the US budget.
And this means in the consequence, that the "inflation tax axe" is now going to hit with full power the American middle class but as well also the underclass. The underclass is going to suffer the most because energy costs and food may skyrocket soon and real money is short. All there is is debt.
So all in all it can be stated, that more than 90% of the population are going to pay the "Inflation Tax Bill" in the US which was originally planned to be paid by the rest of the world and not America. This bill is huge, very huge. Nobody can pay it anymore. Thats why the collapse is inevetible.
This is in total contrast to the idea that the upper 10% are paying the bulk of the taxes. Bullshit. The full tax load thought for the world is coming back home to the US and one can be sure, that the top earners do not pay much. In the opposite, they grasp the chance to make even more money. Their motto is: In the crisis there are the best opportunities!
Or in other words: The already dying corpus of main street US is going to be raped once more, by Wall Street, over and over. Death or alive, it doesnt matter for these perverse monsters.
I trust Jonathan Pollard more than I do Barack Obama ! I trust Israel with our secrets more than I do the Democrat Party ! If they free the "Blind Sheik" .... then send Pollard to Israel !
More fuel for the MASS ARRESTS... http://tinyurl.com/cd5cyjo/
odummer = the REDISTRIBUTIONIST in THIEF
redistribute to the rich's PONZI SCHEME with his QEorganizer's 'abilities and talents' tells bQE
PRINT BABY PRINT
INFLATION BABY INFLATION for the peasants....ROFLMAO...freaking hypocrite RAPIST REDISTRIBUTIONIST IN THIEF !!!
http://www.youtube.com/watch?v=TfDVLsBXYcM
"it's only after we've lost everything that we're free to do anything.." Tyler Durden"You can always tell when a politician speaks from the heart: He takes it back."
Joseph Sobran