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World Bank Cuts Economic Outlook, Says Europe Is In Recession, Warns Developing Economies To "Prepare For The Worst"

Tyler Durden's picture





 

This will hardly be a surprise to anyone with 3 neurons to rub across their frontal lobe, but at least it is now official.

  • WORLD BANK CUTS GLOBAL GROWTH OUTLOOK, SEES EURO-AREA RECESSION

Bloomberg, which just released an embargoed summary of the World Bank action, summarizes it all.

  • World Bank cuts global growth forecast by most in 3 yrs as euro area recession threatens to exacerbate slowdown in emerging markets, World Bank says in Global Economic Prospects report.
  • Sees world economic growth of 2.5%, down from June est. of 3.6%
  • Sees euro area GDP contracting 0.3% in 2012, compared with pvs est. of 1.8% growth
  • World Bank estimates euro area entered recession in 4Q
  • U.S. outlook cut to +2.2% from +2.9%
  • Japan forecast cut to 1.9% growth from 2.6%
  • China’s GDP growth will slow to 8.4%, unchanged from interim revised projection released in Nov.
  • India forecast cut to 6.5% from 8.4%

And the punchline:

  • World Bank urges developing economies to “prepare for the worst” as it sees risk for European turmoil to turn into global financial crisis reminiscent of 2008
  • Even achieving much weaker outcomes is very uncertain

Morgan Stanley may want to revise their 37% Muddle Through probability outcome, to something more like 36.745% on this news.

 


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Tue, 01/17/2012 - 22:18 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

US stocks to rally 10% tomorrow on the bullish outlook.

Tue, 01/17/2012 - 22:43 | Link to Comment Everybodys All ...
Everybodys All American's picture

better than expected

Tue, 01/17/2012 - 22:48 | Link to Comment UP Forester
UP Forester's picture

Bullish views have been hyper re-hypthecated.

Market now "The Little Train That Could."

 

"I think I can, I think I can...."

Tue, 01/17/2012 - 22:56 | Link to Comment Honey Badger
Honey Badger's picture

Priced in bitchez lol

Tue, 01/17/2012 - 22:57 | Link to Comment American34
American34's picture

Is it true? Is Mr. Durden building an Army?

Tue, 01/17/2012 - 23:06 | Link to Comment YBNguy
YBNguy's picture

So is Egypt now considered a re'developing' country?

 

Oh and check out the Drudge, they have an article linked up that has a German blaming the USA for the influencing the S&P downgrades... FX WAS!!!!!!

Tue, 01/17/2012 - 23:41 | Link to Comment Xibalba
Xibalba's picture

...

Wed, 01/18/2012 - 00:00 | Link to Comment LongBalls
LongBalls's picture

It's looking more like the $10T bailout story may in fact lend some validity. These guys always threaten deflation prior to another round of printing. It keeps the commodity sector in check.

Wed, 01/18/2012 - 11:00 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

These guys always threaten deflation prior to another round of printing.

Not so much threaten as reveal, but yes.  The prestidigiflationists are working overtime.

Tue, 01/17/2012 - 23:01 | Link to Comment Ahmeexnal
Ahmeexnal's picture

HOPE AND CHANGE!

YES WE CAN!

And now news surface about the true reason of the cancelled joint wargames in the middle east.  No, it wasn't "budget considerations".

debkafile's sources disclose exclusively that, contrary to recent reports published in Washington, Jerusalem - and this site too - it was Israel Prime Minister Binyamin Netanyahu, not the Obama administration, who decided to call off the biggest ever joint US-Israeli military exercise Austere Challenge 12 scheduled for April 2012.
Washington was taken aback by the decision.

http://www.debka.com/article/21656/

 

As a side note, Netanyahu has an IQ of over 180, while Ogolfer's hovers arond 75.

Tue, 01/17/2012 - 23:10 | Link to Comment john39
john39's picture

Debka = Politburo

Tue, 01/17/2012 - 23:33 | Link to Comment Manthong
Manthong's picture

You must have transposed fearless leaders IQ.. it's more like 57.

 

 

Wed, 01/18/2012 - 00:14 | Link to Comment Randall Cabot
Randall Cabot's picture

 

 

The underlying message was that the Israeli government felt free to attack Iran's nuclear sites on its own if necessary and at a time of its choosing.
debkafile's sources report that Netanyahu decided on this extreme course after careful consideration when he judged the Obama administration's resolve to preempt a nuclear Iran to be flagging, as indicated by four omissions:

1. Washington has taken no action against Iran's capture of the RQ-170 stealth drone on Dec. 4 more than a month after the event, and not even pressed President Obama's demand of Dec. 12 for the drone's return.
Tehran, for its part, continues to make hay from the event: This week, our Iranian sources report, the Islamic Republic circulated a new computer game called "Down the RQ-170." Players assemble the drone from the components shown on their screens and then launch it for attacks on America.

2. Silence from Washington also greeted the start of 20-percent grade uranium enrichment at the underground Fordo facility near Qom when it was announced Jan. 9. Last November, Defense Minister Ehud Barak warned in two US TV interviews (Nov. 17 and 22) that as soon as the Fordo facility went on stream, Iran would start whisking the rest of its nuclear facilities into underground bunkers, out of reach and sight of US and Israeli surveillance.
Barak made it clear at the time that Israel could not live with this development; therefore, the Netanyahu government believes Israel's credibility is now at stake.

3. Exactly three weeks ago, on Jan. 3 Lt. Gen. Ataollah Salehi, Iran's Army chief, announced that the aircraft carrier USS Stennis and other "enemy ships" would henceforth be barred from entering the Persian Gulf through the Strait of Hormuz . Yet since then, no US carrier has put this threat to the test by attempting a crossing. Tehran has been left to crow.

4. Even after approving sanctions on Iran's central bank and energy industry, the White House announced they would be introduced in stages in the course of the year. According to Israeli's calculus, another six months free of stiff penalties will give Iran respite for bringing its nuclear weapon program to a dangerous and irreversible level.

http://www.debka.com/article/21656/

Wed, 01/18/2012 - 00:07 | Link to Comment xcehn
xcehn's picture

Clearly this spells attack for Iran.

Wed, 01/18/2012 - 00:11 | Link to Comment GenXer
GenXer's picture

"As a side note, Netanyahu has an IQ of over 180, while Ogolfer's hovers arond 75."

All idiots that pay money for online IQ tests tell anybody who will listen their IQ is 180.

Wed, 01/18/2012 - 00:17 | Link to Comment Ahmeexnal
Ahmeexnal's picture

I'm glad I'm not a genXer.  To them, all life revolves around facebook and being online.

Your reply also means all those online IQ tests you have taken say you are not gifted.

I bet you brushed your teeth 3 times a day with lots of toothpaste while young like those "intelligent" doctors wearing white coats ordered you to do.

 

 

Wed, 01/18/2012 - 00:57 | Link to Comment CvlDobd
CvlDobd's picture

Which is so much worse than being around ZeroHedge and being online?

Wed, 01/18/2012 - 01:23 | Link to Comment Sabibaby
Sabibaby's picture

No worries, he won't be around when the popcorn starts... old fool will be depending on computers to keep him alive.... oh' the irony of the elds...

Wed, 01/18/2012 - 09:45 | Link to Comment Chuck Walla
Chuck Walla's picture

I'm glad I'm not a genXer.  To them, all life revolves around facebook and being online.

 

Pretty soon, it may revolve around being in the Marine Corps.  I'm shocked that anyone thinks the Magic Kenyan is weak! Peace through pussiness!

Wed, 01/18/2012 - 01:33 | Link to Comment Oh regional Indian
Oh regional Indian's picture

All right Ahmee, but did ya know that NutterYahoo's elder brother was the leader of the "rescue" forces in the Entebbe fiasco?

Huuuuuh? Interesting no, how the same family's keep showing up in the same theaters? 

Entebbe set the stage for "Terror" in the world of planes.

Enough said, eh?

Bibi my ass. 

ori

/1460-days-ago-

Tue, 01/17/2012 - 23:11 | Link to Comment Eireann go Brach
Eireann go Brach's picture

The other question of the day is, Where the fuck is Jon Corzine and why is his head not in a bag somewhere?

Tue, 01/17/2012 - 23:58 | Link to Comment Calmyourself
Calmyourself's picture

Because he has bulldogs with machine guns and we don't, no law, just might equals right didn't MF Global teach all of you that?

Wed, 01/18/2012 - 09:47 | Link to Comment Chuck Walla
Chuck Walla's picture

The other question of the day is, Where the fuck is Jon Corzine and why is his head not in a bag somewhere?

 

believe he knows where and to whom to contribute. That and Holder is 100% for sale when it comes to race and the Magic Unicorn Presidency.

Wed, 01/18/2012 - 11:02 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Who is Eric Holder?

Wed, 01/18/2012 - 00:12 | Link to Comment brokenclock
brokenclock's picture

and gold will drop under 1,000. Party all around.

 

Wed, 01/18/2012 - 00:19 | Link to Comment brokenclock
brokenclock's picture

Play close Attention now boys and girls. Everyone has been waiting for it to happen. It's here. The first dagger has just been thrown. They won't be able to print this much money and hide it from the American public anymore. Everything that ZH has been talking about might come full circle very shortly.

I'm am now bearish as fuck. The shit is going to it the fan now. First a quick market ramp up then look out below.

Wed, 01/18/2012 - 09:49 | Link to Comment Chuck Walla
Chuck Walla's picture

They won't be able to print this much money and hide it from the American public anymore. Everything that ZH has been talking about might come full circle very shortly.

 

Never underestimate the ignorance, we elected Obama. If we are this easy to fool, well, ....

Tue, 01/17/2012 - 22:18 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

gold curiously weak tonight. pre margin raise selling? http://hedge.ly/gFWVSm

Tue, 01/17/2012 - 22:21 | Link to Comment bob_dabolina
bob_dabolina's picture

Everytime gold goes down there is some fucking conspiracy, holy shit. It could be down .50 and someone will be crying about manipulation or something.

Tue, 01/17/2012 - 22:23 | Link to Comment Hulk
Hulk's picture

Sneaky bastards, aren't they ???

Tue, 01/17/2012 - 22:26 | Link to Comment bob_dabolina
bob_dabolina's picture

It's down 8 bucks, they're really greasin' the skids tonight.

Tue, 01/17/2012 - 22:28 | Link to Comment Hulk
Hulk's picture

No doubt its in permanent backwardization, from this point going forward...

Tue, 01/17/2012 - 22:35 | Link to Comment WonderDawg
WonderDawg's picture

We're okay as long as it doesn't do a reverse backwardization with a half twist.

Tue, 01/17/2012 - 22:40 | Link to Comment bob_dabolina
bob_dabolina's picture

It's all about the reverse Triple Lindy

Tue, 01/17/2012 - 22:46 | Link to Comment Hulk
Hulk's picture

Thanks for that, Dean Martin...

Tue, 01/17/2012 - 23:29 | Link to Comment trampstamp
trampstamp's picture

Thought that was RodneyD? hmmmm

Tue, 01/17/2012 - 22:51 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Didn't Hugh Hefner date them?

Tue, 01/17/2012 - 23:20 | Link to Comment UP Forester
UP Forester's picture

I thought that was the Reverse Triple Cowgirl....

Wed, 01/18/2012 - 00:36 | Link to Comment WonderDawg
WonderDawg's picture

You're thinking of the inverted reverse cowgirl, which, as we all know, is bullish...

Wed, 01/18/2012 - 01:53 | Link to Comment UP Forester
UP Forester's picture

Until decoupling occurs....

Tue, 01/17/2012 - 23:04 | Link to Comment Hulk
Hulk's picture

Its only down a buck now, our stacks are, once again, safe...

Wed, 01/18/2012 - 01:02 | Link to Comment Hephasteus
Hephasteus's picture

It's cause you guys were keeping an eye on it. Decided not to do that 8 buck sneak.

Tue, 01/17/2012 - 22:36 | Link to Comment Careless Whisper
Careless Whisper's picture

The Careless Whisper Trivia Question Of The Night & Threadjacking (dont think they wont give up on SOPA)

 

 

Where is Jack Valenti buried?

 

I will post the answer down below somewhere.

 

 

Tue, 01/17/2012 - 22:39 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Next to Jimmy Hoffa ?

Tue, 01/17/2012 - 22:50 | Link to Comment UP Forester
UP Forester's picture

In a garbage bag next to John Wheeler III, New Jersey landfill?

Tue, 01/17/2012 - 23:24 | Link to Comment Zgangsta
Zgangsta's picture

And who the heck is buried in Grant's tomb?

Tue, 01/17/2012 - 23:45 | Link to Comment Whoa Dammit
Whoa Dammit's picture

Arlington National Cemetery.

Wed, 01/18/2012 - 00:44 | Link to Comment Calmyourself
Calmyourself's picture

bingo, war hero

Tue, 01/17/2012 - 22:56 | Link to Comment peekcrackers
peekcrackers's picture

 

Mistadobalina Mr. Bob Dobalina. . .
Mistadobalina Mistabobdobalina Mistabobdobalina

 

LOL.. so true .

 some buy metals to make paper  and some buy metals to lose paper .

Tue, 01/17/2012 - 22:25 | Link to Comment fonzannoon
fonzannoon's picture

well technically Bob it is either manipulation or something else. Otherwise apparently there is a 37% chance it would muddle through

Tue, 01/17/2012 - 22:30 | Link to Comment Hulk
Hulk's picture

The asians giveth and taketh away...

Tue, 01/17/2012 - 22:53 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Is that the same as a "happy ending"?

Tue, 01/17/2012 - 22:57 | Link to Comment Hulk
Hulk's picture

I see what you did there !!!

Tue, 01/17/2012 - 22:26 | Link to Comment Gully Foyle
Gully Foyle's picture

bob_dabolina

"Everytime gold goes down there is some fucking conspiracy"

I knew there was something goddamned fishy about that cruise ship running aground.

Gold smuggling bastards!

Tue, 01/17/2012 - 22:55 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dear Angela,

I write with regret to inform you that Germany's gold that had been placed in custodial care by the NYFRB was aboard the Costa Concordia.  My sincerest apologies.

Truely,

Timmah Geithner

Tue, 01/17/2012 - 23:07 | Link to Comment nmewn
nmewn's picture

So that explains the cowardly little captain in the life boat.

Wed, 01/18/2012 - 01:54 | Link to Comment BorisTheBlade
BorisTheBlade's picture

Your gold was lost in a tragic boat accident.

Wed, 01/18/2012 - 06:02 | Link to Comment saulysw
saulysw's picture

My vote for funniest comment of the day, although it may be "too soon".

Tue, 01/17/2012 - 22:50 | Link to Comment Everybodys All ...
Everybodys All American's picture

1.) IMF is a likely seller with an intention of raising cash for EU bailouts.

2.) Mr. Paulson is more than likely raising cash as well because of redemptions.

Tue, 01/17/2012 - 22:18 | Link to Comment centerline
centerline's picture

Translation: Crank up the printing presses bitches (oops... sorry, I mean "liquidity").

Tue, 01/17/2012 - 22:20 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Perception management at its finest. Nothing wrong here, carry on old chap. Oh, wait a minute, full astern, hard to port. Man the life rafts, every man for himself.

When this is all over, neither the bulls nor the bears will have much meat left on their bones.

Tue, 01/17/2012 - 22:42 | Link to Comment francis_sawyer
francis_sawyer's picture

Everybody... Quick... Run to the side of the boat that's sinking slowest...

Tue, 01/17/2012 - 23:07 | Link to Comment Hulk
Hulk's picture

Impossible ! Thats uphill at a 45 and my walker is only good when its level!

Tue, 01/17/2012 - 22:20 | Link to Comment Hulk
Hulk's picture

(The following comment is to be read in your mental Gomer Pyle voice)

Surprise, surprise, surprise...

Tue, 01/17/2012 - 22:21 | Link to Comment Tortfeasor
Tortfeasor's picture

2008 is not "the worst".

Prepare for war.  Prepare for countryman against countryman.  Prepare to be stripped of your liberties.  Prepare to fight back.

"Prepare for 2008" is like "prepare for bedtime" compared to the nightmare to come.

Tue, 01/17/2012 - 22:57 | Link to Comment Schmuck Raker
Schmuck Raker's picture

That bad? Guess I better pop in that Jeremiah Johnson VHS and bone up.

Tue, 01/17/2012 - 23:20 | Link to Comment Hulk
Hulk's picture

This ain't good, there's 20,000 people in my town and I only have 10,000 rounds...

Tue, 01/17/2012 - 23:43 | Link to Comment tekhneek
tekhneek's picture

I guess it is a good thing I stopped buying gold and silver and started buying guns instead. I just hope I don't actually have to use them to the degree that some people imply when "the shit hits the fan" be that as it may I'm prepared to if it really came down to it.

Anyway... at this rate it's more like "the shit filled bubble hits the ceilling"

Wed, 01/18/2012 - 06:38 | Link to Comment Last_2_Sense
Last_2_Sense's picture

Your just gonna have to line up your targets is all.

Wed, 01/18/2012 - 07:21 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Then I have to inform you your under pepared and under a whole lot of duress

Wed, 01/18/2012 - 22:25 | Link to Comment Schmuck Raker
Schmuck Raker's picture

How can you shoot women and children?

Tue, 01/17/2012 - 22:23 | Link to Comment HamyWanger
HamyWanger's picture

Goldbugs and silverbugs share a large part of responsibility in this new crisis.

If all the money pumped into a useless yellow rock went into the global economy, we wouldn't be here today to deplore the fact a new recession is here. It's almost a crime against humanity if you think about it thoroughly. 

Tue, 01/17/2012 - 22:25 | Link to Comment Dr. Engali
Dr. Engali's picture

Hamy. I think that is quite possibly the dumbest thing I've ever read. As far as trolls go you are top notch.

Tue, 01/17/2012 - 22:31 | Link to Comment knukles
knukles's picture

LOL 
How can that be true?
I mean Ben his very own self said there ain't enough gold to even back the dollar no more, it's a useless barbarous relic, held by only by central banks for tradition's sake. 
This Hamy ain't been listenin' to the folks who Knows.
Hey Ham, why dontcha give us your address and we'll take up a collection and send ya' a copy of Paul Krugman's Greatest.
Whatta maroon!

Tue, 01/17/2012 - 22:32 | Link to Comment owensdrillin
owensdrillin's picture

Yeah the pitance pumped into physical gold is really affecting anything when the deficit is two trillion per year in one country alone.

I guess I could sell my gold and go buy some big macs and lulu lemons and everything would be just fucking fine. Wow.

 

Wed, 01/18/2012 - 00:49 | Link to Comment Calmyourself
Calmyourself's picture

Hamy, your back..  MDB tried to take your place but we kicked him out..  Food, that's the problem, all those folks buying food, just think of it all that cash, snap cards etc, injected directly into banks and stock markets we would all be trickle down rich..

Welcom bak I feal tupider alreedy..

Tue, 01/17/2012 - 22:26 | Link to Comment nmewn
nmewn's picture

lol...you pumping anything or anything pumping you, is a crime against humanity.

Wed, 01/18/2012 - 00:33 | Link to Comment SelfGov
SelfGov's picture

stealing that...

Wed, 01/18/2012 - 07:31 | Link to Comment nmewn
nmewn's picture

Hamy's still tryin to "think it through thoroughly". Theres more than one level involved there so it might take him a bit...lol.

His is an amazing comment (irregardless of the amounts involved) as it shows how some people think. You see, those are not yours or my earnings/savings to him...to do with as we please. Excess should be apportioned according to their collective plan, not any individual one.

Quite amazing really when you bore down into it.

Wed, 01/18/2012 - 09:44 | Link to Comment Calmyourself
Calmyourself's picture

Yes amazing and all the reason a thinking man needs to resist..

Tue, 01/17/2012 - 22:26 | Link to Comment Dr Bob
Dr Bob's picture

HUH?

Tue, 01/17/2012 - 22:26 | Link to Comment Hulk
Hulk's picture

Gold ain't a rock DS, its an element...

Tue, 01/17/2012 - 22:46 | Link to Comment AL_SWEARENGEN
AL_SWEARENGEN's picture

Whatever it is, everyone wants it.  And Silver too.  They are almost like magic metals.  People are drawn to them.  My hats off to these central banking cocksuckers who've managed to trick the world into taking paper as a substitute.  That's no mean feat.  However, these hypocrites know that in the end the noose and the ten foot drop awaits them if (when) they lose total control and fiat currencies melt down.

Tue, 01/17/2012 - 23:37 | Link to Comment DavidPierre
DavidPierre's picture

Welcome to DEADWOOD...Cocksucker!

It's always all about the GOLD!

Best damn TV series EVER!

Watched it again while getting over the flu during the holidays.

 http://www.youtube.com/watch?NR=1&feature=endscreen&v=2OhL32Pvg4M

 Language in Deadwood

http://www.youtube.com/watch?v=PgaEYyIjykM&feature=related

Tue, 01/17/2012 - 22:29 | Link to Comment fonzannoon
fonzannoon's picture

Hey Hamy the american flag was founded on a gold backed currency. You retard.

Tue, 01/17/2012 - 22:29 | Link to Comment fonzannoon
fonzannoon's picture

and not just retard but the Zach Galfinakis re-tard

Tue, 01/17/2012 - 22:33 | Link to Comment prains
prains's picture

r'tard

Tue, 01/17/2012 - 22:31 | Link to Comment HamyWanger
HamyWanger's picture

Thomas Jefferson was actually in favour of a PAPER-based currency. This is evidenced by the fact that NO gold coins were ever minted by the US Treasury for daily use by the population: only bank bills. 

Tue, 01/17/2012 - 22:37 | Link to Comment nmewn
nmewn's picture

"Thomas Jefferson was actually in favour of a PAPER-based currency. This is evidenced by the fact that NO gold coins were ever minted by the US Treasury for daily use by the population: only bank bills."

This one is a wanger wall hanger.

Wed, 01/18/2012 - 00:17 | Link to Comment JW n FL
JW n FL's picture

 

 

Jefferson understood how hard it is to fold metal!

Paper Folds!

Paper Prints!!

Paper is Lite!!!

Paper is inexpensive!!!!

Jefferson knew and loved these things about Paper Money!

Tue, 01/17/2012 - 22:38 | Link to Comment fonzannoon
fonzannoon's picture

Hamy I checked my history and after reading "Thomas Jeffereson advocates quantative easing" I was blown away. I guess that explains thins: Jefferson died on July 4, 1826 at the age of 83, heavily in debt.

Wikipedia bitches.

Tue, 01/17/2012 - 22:47 | Link to Comment nmewn
nmewn's picture

Hard to believe Hamy could mix so much up in so little space...but he pulled it off.

Paper is poverty,… it is only the ghost of money, and not money itself.”~Letter to Edward Carrington, 1788

Wed, 01/18/2012 - 00:38 | Link to Comment JW n FL
JW n FL's picture

 

 

are you saying that $900 Trillion in Paper Derivatives is going to make the World Poor NOT! Rich?

How dare You Fine Sir! say such blatant things in the face of yet more printing!

Trickle down is tough Love wrapped in distain!

Embrace Your Servitude(s)!

 

Tue, 01/17/2012 - 22:58 | Link to Comment a growing concern
a growing concern's picture

Fascinating tidbit: Thomas Jefferson and John Adams both died on the same date, July 4, 1826, the 50th anniversary of the country's founding.  

Wed, 01/18/2012 - 06:50 | Link to Comment GenXer
GenXer's picture

The John Adams mini series on HBO was very good.

Tue, 01/17/2012 - 23:02 | Link to Comment Jim in MN
Jim in MN's picture

Wiki it now before they shut down in protest tomorrow.

Tue, 01/17/2012 - 23:10 | Link to Comment nmewn
nmewn's picture

True dat...SOPA protest.

Libraries bitchez.

Tue, 01/17/2012 - 23:19 | Link to Comment Tedster
Tedster's picture

The Reason Jefferson died in debt stems in large part, not because he was a spendthrift like they teach in school, because he had borrowed scrip, and later his creditors demanded specie (gold).

Anyone with an interest in being remotely honest, regardless of their opinion today on banking, money , debt &c, knows without question the framers HATED paper money, bills, etc, having direct knowledge of the ruinous features of printing press and went to great lengths to prevent it ever happening again.

Tue, 01/17/2012 - 22:54 | Link to Comment Hulk
Hulk's picture

A paper based currency works just fine given that it remains within certain boundaries. Given Human nature however, it never remains within those boundaries...

Wed, 01/18/2012 - 00:52 | Link to Comment JW n FL
JW n FL's picture

 

 

Try this guy. if you dont LOVE! his shit! I will eat your shorts!

http://www.youtube.com/watch?v=quxUAY0JqQI&feature=g-all-u&context=G22cf270FAAAAAAAAUAA

LIEBYA & SAUDIA OILRABIA - FKN Newz 2011 part 3

Uploaded by on Jan 17, 2012

http://www.fknnewz.com - this is a highlights show made for TV - SKY Channel 203 fri at midnight

Happy New Year! Hulky!!

God Bless You and Yours!!

signed, Christian Constitutionalist

see something (like me) report me!

Wed, 01/18/2012 - 10:46 | Link to Comment Hulk
Hulk's picture

I saw your mugshot JW, nice picture!

Tue, 01/17/2012 - 23:26 | Link to Comment Uber Vandal
Uber Vandal's picture

NO gold coins were ever minted by the US Treasury for daily use by the population: only bank bills. 

 

Soooooooo.... Those 1795 to 1932 $10.00 and 1796 to 1932 $2.50 and $5.00 GOLD COINS are just figments of numismatists imaginations then?

Not to mention the $1, $3, $4, $20 and $50 gold coins that were produced up to 1933.

 

Tue, 01/17/2012 - 23:45 | Link to Comment tekhneek
tekhneek's picture

What'd they call'em again?

Oh yeah. Silver Dollars.

Tue, 01/17/2012 - 22:54 | Link to Comment alagon
alagon's picture

So was the Greek empire, the Roman empire, the Ottoman empire, and the British empire.

Tue, 01/17/2012 - 22:29 | Link to Comment JW n FL
JW n FL's picture

 

 

all that wasted money on shinny metal! when we could have given it away to market makers instead! LULZ!!

Tue, 01/17/2012 - 23:00 | Link to Comment BigDuke6
BigDuke6's picture

My friends.

Please watch on this link as Dr Ron Paul correctly predicts almost every geopolitical event of the past 10 years.

In one goddam speech....

http://www.wealthwire.com/news/liberty/2485?r=1

 

 

Tue, 01/17/2012 - 22:56 | Link to Comment JW n FL
JW n FL's picture

 

 

http://www.youtube.com/watch?v=6a0zhc1y_Ns

Former World Bank President: Big Shift Coming

Keiser Report: Economics of Suicide (E237)

http://www.youtube.com/watch?v=PpEuzBmfH3g

China gets Cheap Silver and Gold.. over night long, day time short.. FACT! and China gets cheap oil! after American dollars took China Vertical from a horizontal backwards farm nation.

 

America has shipped how many millions of manufacturing jobs to China?

 

America provides cheap gold to china.

 

America Provides cheap energy to china.

 

and America still is China's largest importer of cheap trinkets..

 

so America exports wealth to china and in ports china's 3rd world lifestyle!

 

Look at the FACTS!

 

America built the middle east… America built India! America Built South and Central America! And now America is building China!

 

America’s Wealth was shipped around the World so that every Country (or important Country, Tier 1 wanna be’s) would be on semi-equal footing!

 

America has been gutted for the benefit of the rest of the World.

 

since China joined the World Trade Organization in 2001. Over the last ten years, China has mounted the biggest challenge to the U.S. manufacturing sector ever seen, threatening producers of steel, chemicals, glass, paper, drugs and any number of other items with prices they cannot match. Not coincidentally, the United States has lost an average of 50,000 manufacturing jobs every month during the same period.

http://www.forbes.com/sites/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/

 

12 months a year.. multiplied by 10 years =’s 120 months! 50,000 multiplied by 12 months equals 6 million Manufacturing Jobs.. and these numbers are SOOOO! VERY!! LITE!!!

 

I don’t care what they say on the Corporate owned news.. or how the facts are being spun today.. the Bottom Line! Is that America has exported its Wealth to the Middle East, South / Central America and China! There are more places but that’s not the point.

 

America has gutted itself to spread the wealth globally..

American Congressmen and Senators have SOLD! America’s wealth for pennies on the dollar!

There are STILL! No great Infrastructure Projects going on in America! Shovel Ready? Change we can believe in?

Wake Up!

Look at the Facts! Not what you are being spoon fed by some Corporate Media, 5th Ave. Multi-Market Tested, Feel Good Bullshit News Repeater!

 

Tue, 01/17/2012 - 22:29 | Link to Comment bob_dabolina
bob_dabolina's picture

It's not a rock other than that I have no concerns.

Tue, 01/17/2012 - 22:31 | Link to Comment Hulk
Hulk's picture

HEY!!! Thats my line at 21:26 you douchebag you...

Wed, 01/18/2012 - 00:26 | Link to Comment mtomato2
mtomato2's picture

I love the rare times that this community gets just plain "punchy..."

I mean, sometimes, you know,...  what else can you DO?

Wed, 01/18/2012 - 10:41 | Link to Comment Hulk
Hulk's picture

Preciously...

Tue, 01/17/2012 - 22:29 | Link to Comment mayhem_korner
mayhem_korner's picture

if you think about it thoroughly.

 

By "thoroughly" do you mean under the influence of an entire sheet of acid?

Tue, 01/17/2012 - 22:56 | Link to Comment UP Forester
UP Forester's picture

....washed down by THE very best uncut 'Shine....

Tue, 01/17/2012 - 23:01 | Link to Comment nmewn
nmewn's picture

Hamy is the personification of a fiat Mr.Natural...lol.

Tue, 01/17/2012 - 22:45 | Link to Comment ThaBigPerm
ThaBigPerm's picture

/sarc?

So what happens to the money the "irresponsible" use to buy gold/silver after the transaction is complete?  Does it just *poof* into a cloud of yellow uselessness, forever gone to the global economy?

Tue, 01/17/2012 - 23:00 | Link to Comment Dick Buttkiss
Dick Buttkiss's picture

Oh, Hamy, how I miss the Mogambo Guru:

Hahahahahahahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahah!

OMG!  It is the Mogambo Guru!  For only he could laugh beyond the text boundary!

Tue, 01/17/2012 - 22:55 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Nice try, Hammy. If I sell my gold and spend the money then I'll be doubly screwed: no savings left AND with everyone spending inflation will implode my remaining buying power.

Therefore: Sell Gold = Poverty

Tue, 01/17/2012 - 23:15 | Link to Comment Eireann go Brach
Eireann go Brach's picture

I bet Tyler has Hamy Wanker on ZH payroll to post stuff that would even embaress Joe Biden and to get the folks here on ZH riled up LOL!

Wed, 01/18/2012 - 00:53 | Link to Comment Calmyourself
Calmyourself's picture

Of course he is, but that does not diminish his utility or dilute his usefulness, every idea requires a foil for true exploration.

Tue, 01/17/2012 - 23:15 | Link to Comment doomz78
doomz78's picture

yes hammy the wonder troll..  its not the crushing debt and the endless war that's killing economies .  Its the gold and silver buying.  What a stupid comment. 

Tue, 01/17/2012 - 23:20 | Link to Comment Seer
Seer's picture

You mean when someone buys something that the currency used in that transaction goes OUT of circulation?

Tue, 01/17/2012 - 23:26 | Link to Comment Antifaschistische
Antifaschistische's picture

HamyWanger,

When we (not you) buy little pieces of irrelevant gold with fiat pieces of paper, what happens to those pieces of paper?  If you know the answer to that question, then you'll know that money is not wasted.   When some rich moron spends $36 million dollars on a pieces of equally useless art.  What happens to that money?  It's not destroyed so it's not wasted.  Money is simply redistributed.

Tue, 01/17/2012 - 23:53 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

" if you think about it thoroughly"

..............................

Hammy, I don't believe that you have thought about it thoroughly...

Wed, 01/18/2012 - 00:02 | Link to Comment roccman
roccman's picture

someone didn't take a nap today

Wed, 01/18/2012 - 00:05 | Link to Comment Teamtc321
Teamtc321's picture

Hamy, MDB, or who ever you are posting under;

You need to tighten the zipper on the back of your head, air has leaked into the wrong socket. Full Retard or a good little troll. Pick your car and pick your lane puppet. 

Wed, 01/18/2012 - 00:08 | Link to Comment constitutionalist
constitutionalist's picture

well, back in reality, the real reason is because people/corporations/govts etc started buying things they couldnt afford with money that never existed, but yes, keep blaming people who decide to invest in something that has been used as currency/money/etc for hundreds of years, but i do see your point. retard

Wed, 01/18/2012 - 00:30 | Link to Comment mtomato2
mtomato2's picture

I upped your arrow, just because I like your screen name.

Wed, 01/18/2012 - 01:35 | Link to Comment candyman
candyman's picture

after reading this crap from hammy for so long I have to say this guy is a dick. Disregard this 99'r and move on. He is worthless of reading.

Wed, 01/18/2012 - 02:08 | Link to Comment BorisTheBlade
BorisTheBlade's picture

I volunteer to pour all remaining fiat into AAA+++ rated NINJA-mortgages backed securities to support global productive economy provided I can get some of this barbarous relic for its intrinsic value (zero if I got it right last time).

Tue, 01/17/2012 - 22:21 | Link to Comment stant
stant's picture

march madness= when everyone takes thier ball and goes home

Wed, 01/18/2012 - 08:06 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

but they said they would fix it. They said that they had a plan.

Tue, 01/17/2012 - 22:22 | Link to Comment knukles
knukles's picture

So it all must be OK then now, right?
Or am I missing something?

Tue, 01/17/2012 - 22:26 | Link to Comment centerline
centerline's picture

I am pretty sure that "prepare for the worst" means "grab your ankles" in bankerspeak.  At least in developed countries we have socks (prevents chaffing).

Tue, 01/17/2012 - 22:42 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

LOL.

Well, if 2008 was the "KY treatment," then the next go-round should be the "fist-in-the-tub-of-lard-ala-Caligula treatment."

Tue, 01/17/2012 - 23:54 | Link to Comment tekhneek
tekhneek's picture

Whoaaaaaaa man.

Next up is hotdog down a hallway followed by marble in a soccer goal and finally we arrive at bus in outer space even.

 

 

Wed, 01/18/2012 - 00:34 | Link to Comment mtomato2
mtomato2's picture

Dude....

 

1.) Torrent Caligula

2.) Watch Caligula

3.) Delete Caligula

4.) Slick your hard drive

5.) Blow up your computer with dynamite

6.) Throw the ashes in an old abandoned well

7.) Cover ashes with nuclear waste

8.) Put up signs in a ten-mile perimeter forbidding passage beyond.

Wed, 01/18/2012 - 06:14 | Link to Comment saulysw
saulysw's picture

Caligual is pretty mild IMHO.

However, the movie "Salo" all the way from 1976.....  http://www.imdb.com/title/tt0073650/

Makes you wish you could un-see some things.

Tue, 01/17/2012 - 22:31 | Link to Comment Catflappo
Catflappo's picture

Are you implying that Lagarde only has two (or one) neurons located in that region then ?

http://news.yahoo.com/europe-may-avoid-recession-imf-says-report-060733498.html

Tue, 01/17/2012 - 22:23 | Link to Comment nmewn
nmewn's picture

Everything comes in threes...

Tue, 01/17/2012 - 22:32 | Link to Comment Hulk
Hulk's picture

Cept eggs...

Tue, 01/17/2012 - 22:57 | Link to Comment UP Forester
UP Forester's picture

Yeah.  I only got two eggs.

And they're tough nuts to crack.

Tue, 01/17/2012 - 23:12 | Link to Comment Hulk
Hulk's picture

Try shaving first, hair absorbs a lot of energy...

Tue, 01/17/2012 - 23:24 | Link to Comment nmewn
nmewn's picture

Hmmm...never thought of an egg.

Well, it is interesting.

Tue, 01/17/2012 - 22:59 | Link to Comment peekcrackers
peekcrackers's picture

Not my shotgun it cycles in 6

Tue, 01/17/2012 - 23:17 | Link to Comment nmewn
nmewn's picture

Divide by two ;-)

Wed, 01/18/2012 - 08:35 | Link to Comment peekcrackers
peekcrackers's picture

LOL Plus 1

cheers!

Tue, 01/17/2012 - 23:00 | Link to Comment Dr. Engali
Dr. Engali's picture

Donuts come by the dozen.

Tue, 01/17/2012 - 23:16 | Link to Comment nmewn
nmewn's picture

Divide by four ;-)

Tue, 01/17/2012 - 23:22 | Link to Comment Hulk
Hulk's picture

you have to subtract the holes first...

Tue, 01/17/2012 - 23:26 | Link to Comment nmewn
nmewn's picture

Eureka!!!

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