- advertisements -
the federal government is a barbarous relic.
One can also eat government employees if one is into that sort of thing.
My Ipad is tastier.
Wally- Are you enjoying that?
Diamond- Nah. Needs garlic.
Politicians are wonderful, smothered in onions with fava beans and a nice chianti..
But they need to be cleaned thoroughly before cooking.
Economic Ills Not Temporary (The Bernank) -.. and inflation is only transitory...
in coming "decades"????
He meant minutes, right?
Succinct and to the point!
Don't Panick ...
The Wall Street MBA's Got Yer Back.
I'm thinking these mba clowns want hyperinflation to wipe away their $170,000 hawvard student loan debt
people who have the connections to get into those schools normally don't have any need for debt like the peons require
Maybe Ben is thinking about his future stay at Leavenworth?
Grand jury subpoenas first...
until the word "clusterfuck" appears in one of his speeches...he cannot be taken seriously.
That would be an exit speech...
Break all markets again, Bernank!
People are sensing Ben is pegging the bullshit meter.
Ben is trying to talk without spilling the beans on tonight's teleprompter script...
Nice to know that you have "decades" while this happens.
"the finances of the federal government will spiral out of control in coming months (at most, years), causing severe economic and financial damage"
There. Fixed it.
Bernutty is now reduced to playing Whack-A-Mole with the ebubbleme his Keynsian religious zealotry has created.
Take action for yourself! Title 12 section 411 is the key
word cloud summary(simplified) : blah 2916 .
Agree, word clouds are currently in vougue, but they're really a very crude way of conveying information because all context is lost.
I'll be amazed if you see any in five years from now.
actually, you're not criticizing word clouds, you're criticizing the bulshit speech
...but i'm criticizing word clouds :)
What - no "tool" ??
Deflation...sure...absolutely...obviously deflation...in the RIETs!
Yeah, I like how we've "been fighting deflation this entire time", but don't worry, because "inflation is now on its way down".
And "the subprime housing problem is contained", "a recession will be avoided", "housing price growth will flatten over the coming months"...
It's one lie after another.
It's "tradition" for him to lie.
Gold preparing ready for liftoff.
market selling off? but...but...that's so insanely rational. be in the green again by 3:50
Well...anything is possible. However, with the door on Lloyd Blankfein's closet hanging by one hinge, and the totally depraved and raging USD studman making niche adult movies on Wall Street this afternoon and tomorrow, it is pretty tough to figure how that will happen...as the greatest crowded trade of all time unravels.
Sell everything save for the USD now...ask questions later....I suspect. For I do not believe that even helmet wearing NYSE floor traders are actually going to wait to be saved by President Zero later tonight. I think even bankers have that one figured out.
The FED needs to be abolished NOW. Sound money NOW.
Phrase: I should be tried for treason- 0
Pull the cork capt. Ben
"But what about all those people you told it was safe to sunbathe on the deck?"
Pull the cork...
the finances of the federal government are
turning and turning into the widening gyre
the falcon cannot hear the falconer
things fall apart
the center cannot hold
mere anarchy is loosed upon the world
the ceremony of innocence is drowned
the best lack all conviction, while the worst
are full of passionate intensity
thanks and enjoy your lunch...
The Fed will never be abolished.
Ft. Knox will never be audited.
If anything the Pyramid Ponzi Scheme of Fractional Reserve Lending is going to expand even bigger.
In fact, my prediction is that the rest of the world, including emerging economies, will soon adopt the Fed model and start cranking up new securitizations and derivatives.
Nothing is going to change.
Nothing ever will.
Especially after today, where ESPN forks over another $15 billion for 8-yr. rights to the NFL.
The sheep don't care about stocks. They only care about the NFL right now.
Even though I hate you on so many levels (though mostly because you've stopped posting pics), that was epic Robo.
Can't imagine anyone junking that.
Aww, Robo, you're trying to help the world by making one of your batshit, 100% wrong calls.
We all thank you from the bottom of our hearts.
Sadly, he might be at least partially right.
What part is wrong?
"nothing is going change"
WTF? Changing right in front of our eyes now. Biggest wealth transfer in history.
Please wake up Robo.
You're right, the Fed will never be abolished--it'll be razed to the ground.
You may be right as well, but I don't think I should hold my breath on that one.
The Bernank-Paulson-Geithner triumvirate has already initiated the process that is going to turn us Japanese, bitchez.
The Bernank is large and in charge of the massive destructive policies now underway, with ZIRP until 2013 as just the appetizer.
They had a chance to let the forest fire rage on, and burn out all the dead scrub and dead trees that served as kindling for future fires, but they decided to bail out their friends, instead, which only temporarily stopped the inferno (wait until we all get to see the next one - epic won't be suitable to describe it).
Nikkei from 40,000 to 8,700 in 22 years, despite Japan pouring more concrete and asphalt, and spending more on infrastructure projects than any other nation on earth (yes, including China)...
Good luck to the buy and hold equity bagholders in the U.S., playing at the world's most creatively dishonest and ingeniously thieving casino that are "stock markets," who are now underwater in NOMINAL terms since 1999 and UNDERWATER IN REAL TERMS SINCE 1994!
I'm sure you won't suffer the Nikkei Ginsu. Keep the faith, with The Bernank, Geithner & Obama (or whatever puppet that replaces him/them) in charge. /sarc
Yeah, but which part?
The FED wont be abolished, it will be abandoned some midnite soon.
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