Apr 1, 2010 11:47 AM

DESTROY ALL THE SHORTS

The delinquencies keep rising because the UE check ain't enough to pay the mortgage, and paying mortgages is so 2005

Apr 1, 2010 12:34 PM

Wrong.  Just flat effing wrong.

In this market, you have to *avoid* stocks with good balance sheets and strong dividends.  You have to buy the most bankrupt issues, those who have massive CRE exposure, or who are paying dividends in stock.  Those are your big winners.

lol lol lol

The weaker the balance sheet, the stronger the gains hahahahahaha

Apr 1, 2010 12:36 PM

RMB = pegged to dollar and printed with abandon.

Maybe it achieves what the JPY has, but no more than that.

 

Apr 1, 2010 12:39 PM

I can't see the funding coming from anywhere other than monetization.  There simply isn't the free capital out there.

Either that or it's a carry trade thing.  If it is, then when it unwinds...goodbye

Apr 1, 2010 5:25 PM

THERE.IS.NO.SOLUTION

Clear?

The mathematics of debt-based monetary systems make implosion of them INEVITABLE in a finite system.

Apr 1, 2010 5:30 PM

There's no solution.

Just accept that and try to maintain your own sanity.

Think about this: without the discovery of oil, let's say oil never existed.  We wouldn't be here having this conversation right now.

Look around you...everything we've built...oil.  I went out for a MC ride and saw all the cars whizzing by, all burning gasoline we dug out of the ground.  And it's amazing.  And the more we've pumped, the more cars we can drive more miles.

Well, in 2005, we crossed an absolute threshold where we hit the maximum net rate at which we can extract this magic substance.

Look at the oil age, what, 200 years?  Less?  100 if you include the airplane or a real notion of an automobile.  That's 100/2,000,000 of human existence, 100/10000 of civilization, which isn't even recorded history.  All this built on the last 100 years of growing the rate at which we pump free energy out of the ground.  And that rate peaked a few years ago.

We can all either get caught up in trying to make 1-1<>0 or else we can focus on making changes.

There is no "solution."  Things cannot go back to the way they were absent a technical discovery on par with the discovery of oil itself.

Government and the people and finance and this claptrap is all so much bullshit.  Maybe the future will be a good one.

Apr 1, 2010 5:33 PM

How long do you expect to live exchanging that with other people?

3/4 of those calibres have one and only one use, and that's for killing people.  If those calibres are in THAT high of a demand, you will not live long.

You will be shot or grazed and die like people did 200 years ago when the same thing happened to them.  You want Civil War medicine?  Cut it out with the SOCOM Strike Team bullshit.

Apr 1, 2010 5:36 PM

They didn't actually open up new drilling.  They closed more than they opened.  Net will be down.

You assume Obama has a fucking clue...he's an empty suit, has been his entire life.  There's no METHOD to the madness, which is why I always marvel at all the conspiracy theory folks.

These guys aren't smart enough to be masters of the universe.

Apr 1, 2010 5:41 PM

Durden, did you hit your head?

The Fed is not a real bank...they will print their losses.  Anything they can do to manage inflation upward.  They're not going to let the mathematics of compound interest stop them until the dollar totally collapses.  And they will go to their graves NOT understanding wtf happened.

Bernanke fancies himself a student of the Depression, but he's just an economist, and very limited in his ability to understand reality.  It's going to haunt him and the rest that all of the shit they spent so much time learning was the FLAT EARTH THEORY.  It was bullshit built atop conjecture.

They are already totally consterned by reality's unwillingness to conform itself to their rate regime.  They won't understand why more oil supply doesn't just make itself available at these prices.  I doubt 1 in 100 people understand why that is.

Economics is not the study of reality...it is the study of unproven conceptual assumptions followed by the attempted implementation thereof.  BB is doing exactly what he learnt to do in his "study" of the Depression, what he and others have convinced themselves to do.   And it's wrong.  It's all wrong.

The institution he works for has no viability in a contractionary economic climate.  His basic product is like whale oil in the 1860s or the telegraph.  It has no future.

Apr 1, 2010 5:56 PM

Hariri...lol.

His children are among the richest minors on earth, billionaires.

Remind me what he invented or the businesses he owned or the great capitalist he was.  Like, say, Arafat or Bhutto.

Apr 1, 2010 6:01 PM

No...it's not containable.

They keep going to the book...it is a SYSTEMIC problem.

The problem is that the very money they think is "capital" is actually DEBT.  Debtmoney ONLY WORKS in an expansionary economic climate.  In EVERY finally saturated economy, you see deflation as credit contracts and there starts to be systemic competition for the access to money to pay the interest claims on today's debt.

At its core, all comes from the Oil Peak.  Period.  The aggregate expansion phase of the globe is over.  Paper promises of a future of more must be discounted now that the future holds less.

These idiot economists keep looking at their stupid equations and metrics on MONEY on PAPER for an answer; the answer is in the real world.  We hit energy supply maximum.

Apr 1, 2010 7:07 PM

They won't figure out how much your guns and ammo are worth and come for them???

Apr 1, 2011 11:34 AM

well there will be less Toyotas and Hondas so here's GMs chance!!!

The Enclave is a decent looking vehicle, but it's still like 40k, right?  I mean cmon now.  The college grads who get jobs are buying Kias.

Apr 1, 2011 3:49 PM

maybe it's cerenkov from fluid inside your eyeballs

Apr 1, 2011 3:55 PM

ionization from passing neutrons?  interesting...

Apr 1, 2011 5:34 PM

The French carrier battle group is there.

This is appearing to go exactly as I thought when I said a week or so before the shit started that the cynic in me said France was going to try to do this as an operational experience-building exercise.

This is a lower risk war for them than something remote.  They can support whatever happens here with their airforce if necessary, but they want to practice the naval air power projection and amphibious landing portions of this colonial military skillset, for whenever they need to extend their projection to a place like Ivory Coast, or anywhere else outside the combat radius from Corsica.

Apr 1, 2011 9:19 PM

redundant article...

One point needs to be taken to heart "without isotope analysis," there is no way to know wtf is going on either in the water or on the land.

Is the geiger guy in Tokyo still broadcasting?

Apr 10, 2010 10:37 PM

This is a popular perception but it's inaccurate.

The banks *needed* people to do exactly that in order to grow the credit base.  The credit base MUST grow as a mathematical artifact of the monetary debt-based system.  So they in essence had to make these loans to these people.  They ran OUT of good credit risks. 

The people were only the part of the iceberg above the waterline; most of the rest of the transactional loop was derivatives, CDOs, securitization, leverage, CDSs, CDO squareds, etc., etc.  CDOs built out of the CDSs and IRSs that traded along with the CDOs in the first place.  The person was just the live body needed to support this mountain of debt.

You have been paying for your privilege of using the FRN anyhow; it's not like this was free ever.

Don't hate on the neighbor; look at what the USG has put you on the hook as a taxpayer for.  It DWARFS your neighbor's mortgage.  Would that this were all we had to pay. 

Apr 10, 2010 4:57 PM

I'm glad to see these memes I pound on here getting picked up.

Things get even worse, though.  Synthetic debt instruments are a plague.  Supposing a bank sells a CDS, they were then tranching the payment streams from the CDSs they wrote and reselling that, then netting out.

The entire GDP in this manner was for a decade wholly fictitious.  You think they're on the hook for IRS?  Nope.  They AGAIN tranched the payments streams in CDOs and sold those off.  So when/if the swap blows up, it is not the bank on the hook, the CDO junior tranches go to zilch.  It's not just the bank that goes down.

All I wonder is are we actually going to LET accountants and "economists" with their ledgers saying that we ostensibly OWE them, and in this case, they are asserting at the lowest level that we OWE THEM real production and real assets on the account of what they have on a piece of paper, an accounting ledger, because they have "let" us use paper currency!??!?!

That is our monetary system AT ITS CORE.  Banks take a share of REAL production in exchange for being ordained as the SOLE sanctioned issuers of currency!

Currency is a national asset, but it was ceded to private banks. Think the 1840s were bad?  Look at what the BOE got the British Gov't into over the years.  They have 300 years now of exponential compounding on just the USE of money.

Our dollars got pulled and were replaced by FRNs LENT to us.  By a bank that had what?  Look into the history of the BOE...it's pretty clear that this institution was chartered with fictional assets, and whatever capital they had was almost IMMEDIATELY backed out, or obfuscated - the original ENRON.  They pulled BS with stock certificates and accounting games within a decade or so of their founding.

This is the banking model - they "let" us use their notes as currency for a compounding fee called interest.  If YOU use money, and I abstain, they force you to find someone else willing to go into debt, borrow from them, pay you, so you can repay with interest.  This is the entire system.

Supposing the banks put up some gold as original capital, after a few generations of lending, they back that gold out and all that is left in terms of assets are the BOOKS.  The money "owed," collateralized by YOUR property. 

The deflationists are a confused lot:  they simply MUST take a look around and see who has the most cash.  Where are the trillions in reserves?  They're not in my accounts or your accounts.  If there is a wholesale liquidation, and "cash" becomes scarce, who do you really believe will get access to credit (what cash really is) to scoop the real assets up?

The elites will.  That is what Jefferson was talking about. 

Apr 10, 2010 5:04 PM

You want to see even worse?

Take a look at the price chart of ARLP or KMP.  These are MLPs that produce real goods and have real cash flows irrespective of the frothiness of economic "activity."

Look at how they were beaten down during the liquidation of the meat of the 2008 deflation.  Yields up to like 14% despite KMP for example taking a share of natural gas moving through pipelines, which will move even in a national collapse just to keep the heat on.

Someone was selling and someone was buying down there at the trough.  Ask yourself this:  who had the cash then?  Who had access to 0% "loans" which is basically a gift of cash?  Remember credit IS money in our system; the two are fungible.  So, when TSHTF in the banking system, YOU could not access cash/credit, whereas the biggest pigs had this thing called the discount window and they made, what, half a DOZEN alphabet soup programs for them to get access to MONEY.

If the deflation comes back, the trillions in reserves parked at the Fed are going to come out and play.  They will be in the hands of the vultures looking to scoop up productive assets.  At the lowest level, "money" is useless...look at the vast holdings of the Rothschild banking family, all the chateaus...that is real.  You can't live in money or drive money or eat money.  The elites don't care if the number is a billion or a trillion so long as they have the REAL stuff, the wells, the mines, the land, the gold, the helicopters, the art, the chateaus.  And you go out and make sure the wine keeps flowing by tending their vineyards so that they can enjoy all of it.

Apr 10, 2010 5:09 PM

Yet, WE the little people constantly look at the numbers on "money" as wealth.  If an elite goes from a billionaire to a millionaire, what does it matter if he owns everything real?

Elites own productive assets, we own paper "shares" of shell games.  Look at Carlos Slim...he's got cell towers and real wirelines up and down the Americas.  What does it matter to him the denomination of these assets?  What they net him is a share of all the work of all the millions of people who want to use his infrastructure.  Valued in pesos, dollars, seashells, whatever.

The entire job of banks is to obfuscate what money IS...to get people chasing it and loving it, while they focus on cheating the land out from under your feet.  They'll own the assets while we are all zimbabwe trillionaires.

Apr 10, 2011 7:51 PM

I must disagree with Gross...as long as Japan is WANTONLY printing Yen, there is an immense tailwind for all "risk" assets and for PMs and oil.  The global yen carry is, more than anything else, what has driven EMs to where they are and this will likely continue.

If the Fed raises rates, this could paradoxically attract yen funding into our bonds.  Irrespective of this, the US and various major debtors like Illinois cannot fund at substantially higher rates

Apr 10, 2011 8:20 PM

lol...you actually think NeObama is at all engaged in what is going on?

Besides, the left will never tolerate any cuts in the payola for their constituency, nor can they de-fund the wars.

Look at it this way, running 1.5-2T deficits has worked so far, so why not keep trying it?  They'll throw overboard some art funding and shit like that, but the core problems remain unaddressed

Apr 10, 2011 8:39 PM

you people are STILL talking about 150 year old shit??

WTF

Apr 10, 2011 8:41 PM

The US has a million times more blacks.

The face of US crime is black and secondarily hispanic.

Look at the stats, blacks commit roughly 54% of the serious violent crimes annually.  They are the prison population.

Apr 10, 2011 8:42 PM

maybe China will be generous and take 50% of our black population.

Our crime rate would decline literally by 25% and theirs would go vertical.

Apr 10, 2011 8:47 PM

mosely-claven, your posts on that thread were pure shit.

Like almost everything you write; you are TRULY a world-class idiot.

If we want a reduction in violence, we need to address the non-asian, and nonwhite populations' abundance in our society. 

Apr 10, 2011 8:50 PM

sorry, did I say you were an idiot?

You are a FUCKING idiot.

That is probably the DUMBEST thing I have ever heard.

The thing standing between us and madmax is the INHERENT social civilization in certain portions of our population.

You are just so goddamned dumb that I doubt you can even grasp such a concept. 

Apr 10, 2011 8:58 PM

black issues like what?  Murder, mayhem, rape, and robbery?

There's a REASON why civilized people all over the world find the prototype "African American Male" to be threatening- it's because they ARE.

Just this one tiny segment of our population, about 6%, commits over half of our violent crimes, all by themselves.  They rape the shit out of any race of woman...do white men?  Nope.  Interracial rape is a one-sided matter.  The same is true for interracial killing and other violence.  It is not racist to not identify with this, to want to be around it, or to be wary of it.

Apr 10, 2011 9:27 PM

Only idiots put their faith in the paper notes of a bankrupt State.

Deflationists would have us believe that PAPER dollars and infinitely conjurable eDollars will become more worthful over time.  Horseshit.  This has never happened.  Perhaps over a short term, but look at Japan.

Nuke disaster, run on yen-funded assets...wtf did they JUST DO?  They printed in massive quantities-look at the yen POG if you don't believe me

Apr 11, 2011 1:43 PM

supposin the owner had a few kilos of gold and he's been washed out with the safe...the article says that shit is YOURS

Apr 11, 2011 1:50 PM

KMP and ARLP charts look better

Apr 11, 2011 11:41 PM

cite the 65/5 and explain its relevance to real violent crime.

Do you ACTUALLY think that this somehow can be taken to mean that whites and asians are really committing murders but that they are not being arrested or prosecuted for it?

Because if that is what you are trying to say by use of this irrelevant and likely untrue factoid, then you are quite clearly an idiot.

The size of the population does not affect its average IQ.  Racial makeup does.  Fact.

Ignore facts at your own peril, dude.

Those of you who talk shit about "circles" and whatnot; you are usually the people who live in your little whitopias and have one or two token blacks around you if that.  You're not only full of shit but preeminent hypocrites.

The shit you write is rambling nonsense, illogical, fallacious, and stupid.  You refute nothing by saying "get out there and meet people."  WTF does that have to do with the FACT that blacks have lower average IQs?

Apr 11, 2011 11:45 PM

...spoken like a person with a low IQ.

So, aborigines can survive the outback but they can't do simple mathematics.  LOL.

GREAT, awesome, so you go live in a fucking mud hut and eat insects.  That's the life you want.  Why are you even on this internet created by people with high IQs?

Apr 11, 2011 11:52 PM

here's the rub, butthead...nothing happened in my life.  Ever.  Seriously.  I just moved to NYC and was like any rational person, I said holy shit what I was taught was bullshit.

Where the fuck do you think IQ COMES FROM, moron?  Your PARENTS.  Stupid IS as stupid DOES.  Dumb people raise dumb children in shitty environments.  Smart people raise children in good environments.

In fact, you clueless oaf, they did a study a few years ago comparing high IQ kids against low IQ kids and found that IRRESPECTIVE of environment that high IQ kids SELF-STIMULATED and constructed an environment for themselves with higher amounts of mental acuity related tasks.

Also, if you are not too stupid to get this, but there ARE longitudinal studies, TONS OF THEM, whose subjects are identical twins separated at birth where they check the eventual outcome to compute correlative factors around environment, income, etc., and HEREDITY dominates.

this is a fact known by everyone who has ever adopted.  The bottom line is that you are totally ignorant.  Look at how you fucking defend something unsupported by fact!  You are a LEMMING and a SHEEPLE.

Making ad hominem cracks about my dick...your argument is EPIC FAIL.  You lose, checkmate, it's over.

Apr 11, 2011 12:56 PM

People are acting as if the Fed can actually CONTROL the aggregate ROI on the real economy.

It cannot.  The Fed is a LENDER.  It is subject to the same forces of supply and demand for its product - credit - as any other business is for the product it offers.

There is no demand for credit at high rates.  Attempting to charge a higher price than the market will bear means no sales.  That means no lending.

The people expecting to have their money just magically "make money" via compound interest don't seem to get this.  The banks can't lend at 7% to pay you 6% anymore.

Debt continues to compound inexorably.  And it cannot be repaid.  It is a sin to even try.  The usury clan considered using usury against their own clan as a sin; the very institution of the thing is bogus.

Everybody who's ever been in compound debt knows just how the interest and capitalization thereof just eats you up.  You seem to end up paying forever, and if you add up the total payments you see how the usurer has extracted the principal PLUS a pound of flesh right out of your backside.

There is simply no way the debts can be repaid...jacking up taxes so that people literally WORK all day in order to repay some banker who conjured capital?  This is how holocausts and forced exoduses happened in the past.

Outstanding consumer credit is $50T.  It is INARGUABLE that the banks who are the creditors to this NEVER had that amount of capital to lend.  They lent what they did not have.  Therefore they should not be "repaid," much less with interest.

Apr 11, 2011 4:17 PM

what are you going to water it with?

Apr 11, 2011 4:22 PM

incredible...probably will find out that the fatal misstep was to engage diesel immediately upon loss of landline power.  At that point, they were still underwater.

Had they manually overridden and waited like 30m or whatever, the water'd have cleared and the generators would not have inhaled it and died.

Then again, it looks like 5-6 feet of water that high up on a hill wtf.  All the electronics may have been drowned, who knows.

Apr 11, 2011 4:25 PM

looks like a 7 if these numbers are correct.

All along the way, they had chances to save this thing and seem to have failed to take appropriate action at nearly every turn. 

Maybe we'll find out in a year wtf was really going on.  Honestly I do not know how you watch buildings fill up with H2 and not do something, anything to vent that.  Then you watch one building explode and fail to act at all while 2 more do.  As a consequence you have no ability whatsoever to perform any substantial work.

Was the face of TEPCO managers this fucking important?

Apr 11, 2011 4:31 PM

sigh...I'm going to tell you the same thing I've said a half dozen times before, here and elsewhere.

Google if you do not believe, but Japan has roughly 300,000kg of plutonium at its disposal.  Couple that with the high technology of the economy and they are already a defacto nuclear weapons state.  You need really only crush a couple subcritical blocks of Pu239 together manually into critical mass to make an atomic bomb (albeit an inefficient one).

Why the fuck would Japan need to conceal anything?  Detailed implosion bomb designs are already widely available on the internet; the obstacle to nations to acquisition of the Bomb is fissile material.  Japan has that in abundance.  Even if they lacked an implosion device, the nation is littered with enough supercomputing to solve any technical problems.  If they don't already have a Bomb, at any point they could put one together in about a day.

Apr 11, 2011 8:11 AM

well, I think it's been 9 days since the date Mosely-claven predicted as when everybody in Tokyo would either be dead or evacuated.

Fukushima is a clusterfuck but at least things aren't getting worse.  They've clearly bottomed out and the world didn't end.  The tsunami posed more of a "GDP problem," despite the rampant hysteria here.

Apr 11, 2011 8:13 AM

ROTFL...if I had a nickel for every time a nonsmart person said that.

As if because you can imagine it, they should march out and "solve it."  Thanks for doin the hard part for us lol.

Smart minds are going to drub you on EROI and thermodynamics but you'll ignore them because they don't state a happy outcome

Apr 11, 2011 8:17 AM

"stabilize" the markets?  They are stable.

Demand will wane...it needs to because it's got to catch up to waning supply

Apr 11, 2011 8:18 AM

I preach to the shorties about the hidden inflation in food and how the mfrs mess with the container sizes and sure enough, this week, Odwalla reduced their tasty fruit beverage containers from 15oz to 12 while maintaining the same apparent tag price.

20% of the content, poof.  Things like this demonstrate what inflation is like nothing else can.

Apr 11, 2011 8:21 PM

whistleblower?  WTF...I have been saying the same thing for 4 weeks now!

DOE's paper that I repeatedly cited studied this exact accident scenario.

The complete abdication of responsibility for decisionmaking on permanent repositories for nuke waste is what is the "timebomb" and it bit Japan totally in the ass.  This accident would have been FAR easier to deal with had they not had this can kicked by government for 50 years.

Apr 11, 2011 8:26 PM

I'm amazed more shit hasn't caught fire there

Apr 11, 2011 8:30 PM

go ahead and fuckin panic, bitch...run around screaming.

I never said what you claim I said, punk.

Apr 11, 2011 8:40 PM

let's just assume the worst case for every reactor.  Everywhere.

That makes it eleventy billion on that scale.  Happy?

Apr 11, 2011 8:46 PM

bigoted rants?  Like what?  Stating facts is now bigoted?

All hope is lost.

You freethinkers are in a mental box and you fight to stay inside...ruminate on that.

Apr 11, 2011 8:54 PM

they're really just stupid but they have been told how great they are their entire lives.

Read about Antoinette's reaction to being taken to her own execution in a horse cart; she was incredulous that she was not given a carriage.  Our "elites" are really that out of touch.

Apr 11, 2011 9:07 PM

hell they couldn't muster the strength to not board trains to concentration camps

Apr 11, 2011 9:11 PM

you will probably get another chance lol

I am a symphony of junks.

Even chumbadumba was like "oh here, let me show you how to get junked," he got crickets.  Washed up.

So I had to put on a clinic for him.

Apr 11, 2011 9:22 PM

dude, I don't "believe" that certain races and/or ethnic persuasions have lower IQs, they are TESTED AND DO IN FACT HAVE LOWER IQs.

I am not making this fking shit up, dude.  There's simply no emotional basis whatsoever for it; I grew up in a whitopia believing (as taught) that everybody was fungible and I simply found out otherwise just as soon as I was introduced to reality.  I encourage all of you idjits in your whitopias to pull your heads out of your asses.

Wherever you got that stat about crack use...cite it.  I can and have cited my stats.  Blacks very reliably commit slightly over half of the violent crime in the US, year in and year out.  That this is true is so easily proven that it should be accepted ab initio.  Only an ignoramus would contest it.

YOU are the one with the disfigured worldview because the basic ASSUMPTIONS you operate on are flawed!

Imagine if you were in my position, talking to someone like you who doesn't seem to understand reality, who is clearly very ignorant of it, doesn't know the data and really has a ton of wishful thinking on the matter.

Yeah, man, I get it...you really really really want to believe that the equality myth is true.  But it's not.  It's a myth.  And this is why you and people like you are CONFOUNDED as year after year the data and reality keep confirming what I am saying.  It's because your beliefs are bullshit myths.

The mental contortions I see people like you go through daily to AVOID accepting plain reality staring you in the face really amaze me.

WTF would I "know better" if I were more evolved, you cretin?  That blacks really DO have IQs equal to asians?  You're a freakin moron if you believe that.  You believe in a freaking fairy tale.

You freethinkers need to seriously pull your heads out of your asses and start CONFRONTING uncomfortable truths.  But you are incapable, emotionally, just like all the "sheeple" and "lemmings" you decry on a DAILY BASIS around here who you say won't take the red pill and who want to stay sheep.  That's YOU.

Because if you actually take a cold hard look at the facts, you are going to very rapidly - if you have a logical bone in your body - conclude that what you thought was real was in fact bullshit.  It flies in the face of all you've had drilled into your head since day one.  What looks like injustice wasn't, equality is phony, everyone is not the same.

Believing otherwise leads your mind into all kinds of shitty places, like the moral equivalence box, self-destruction, and a whole host of other dissonant states.

Notice how you argue ad hominem.  Rather than refute my facts you make up absurd accusations like my wife cheated with a hispanic or I got wedgied by black kids.  Your argument on that basis alone is FAIL.

Apr 11, 2011 9:25 PM

I must correct you:  aborigines in Australia have the lowest IQs.

The archetypical spearchuckers...whoda thunk it?

Apr 11, 2011 9:34 PM

sure it could be...but I am not inclined to assume it is in the absence of evidence.  Would I have evacuated already?  Hell yes, once my own geiger counter started going off

Apr 12, 2010 11:04 AM

Gosh and I thought that interest rates were the sine qua non of economies.

Why aren't those damned Japs borrowing at 0% to earn a -2% profit?  WTF is the matter w/ them?!??!

Apr 12, 2010 11:14 AM

LOL...defaulting does wonders for the sanctity of the sovereign's currency

Apr 12, 2010 11:16 AM

What people fail to understand is that the government, via printing, can set the nominal price of the bond.

However, they cannot dictate what the bond will buy in terms of real goods.

So, sure, we can avoid a bond crash and interest rate blowout on USTs but we can't stop what those "values" fetch in terms of oil or gold or any other commodity.

So your $100 bond buys a sheet of toilet paper.  But its dollar price never crashed.

Apr 12, 2010 11:20 AM

Exactly.

The deflationists do not understand the axiom of business:  you cannot sell at a loss.

They expect the "liquidation" to continue forever and that if Toyota can't sell cars at $20k, they'll just have to drop them to 10k or 5k.  Just to "sell cars."  Yeah, sure, even at a 5k/unit loss, they'll HAVE to sell them to support their production numbers.

Wrong.  At some point, they'll raise prices to something that makes a profit and make do selling less.  This is how it works all over the world.  In Brazil, for example, cars are way outside the price range of average salaries, consequently, there are less of them bought.  Surely, all the makers would love to sell more cars at that price, but they cannot, so they do not.  Selling more cars at a loss is intractable.  If they cost X to make, the sales price has to be >X, period.  Or else the business isn't viable.

Once the liquidation phase of deflation is over, prices reset to a new normal based upon profitability.

Apr 12, 2010 11:31 AM

Been saying the same thing for years.

The decline in oil supply makes a peg of the dollar to oil impossible.  We have a need for more purchases of petrodollars but there is less oil to produce.

But so long as the dollar buys oil, it has some real value.  However, if the creation of too many of them ends up in the oil market attempting to buy real barrels, you will see that change.

Suppliers will adjust the peg irrespective of whether the "price" is too onerous.  There's no way around this.  Oil is going to go wherever it's bid; it does not care if people find that price unpalatable.

In a world of growing scarcity, debt-based promises levied against a future of growth simply must be discounted.  And, there is no separation between the Treasury and cash.  The Fed need only "buy" the foreign holdings and give them cash.

If the goal is to maintain a dollar/oil peg, the price WILL have to rise to soak up this additional UST supply.  There's no way to balance the ledger otherwise.

Production of dollars is outstripping production of oil and will continue to do so. 

Apr 12, 2010 11:49 AM

Can't people see what is happening???

These are SCARCITY metrics.  They prove what I've been saying; we are entering an aggregate contractionary phase.  The Era of Growth is over.

This type of "mixed message" where people cannot figure out whether it's inflation or deflation *should* occur.  We are not in the Era of Growth anymore.

Prices go up to reflect the abundance of paper currency representing debts that the future cannot pay. 

This is what is happening:  all around us, despite the credit deflation of default, the value of the debts themselves continue to wane.  When default is rampant, who should expect other debts to become more worthful?

As our currency is itself a debt instrument, its value too is being discounted.  All while people get laid off and businesses close.  All these things do is prove the diminished worthfulness of our debt!

The deflationists had it wrong...credit contraction will not lead to lower aggregate prices because the prices are denominated in OTHER DEBT which ITSELF too, is being discounted!

The confusion comes from various people's inability to admit or recognize that we crossed a significant epoch at world C&C Peak in 2005 that mandates the reevaluation of every single piece of economic "theory" that only made sense during the Era of Growth.  The fundamental axioms of the system have changed; it is as if we are trying to navigate using a compass when the Poles have swapped.

Only a fool would assign the dollar more worthfulness in the face of what we're seeing.

Apr 12, 2010 11:55 AM

Exactly.

Look, folks...when your compass says you are going west and you are flying INTO the rising sun, you either believe the instruments or your lying eyes.

The metrics are giving us readings that make NO SENSE in the system that we are ASSUMING that we are operating in.

EVERY piece of economic theory only MADE SENSE during the Era of Growth.  We have left that era.

If your compass is reading W while you fly past NYC en route to the Atlantic, there is only one possibility.  Eliminate the impossible; what remains must be the truth.  The fundamental axioms are no longer valid.

Apr 12, 2010 2:54 PM

Deflationists don't understand that as credit continues to default, the remaining debt must be discounted in the face of the obvious.  The FRN is debt.

Apr 12, 2010 4:08 PM

Sorry...there's no brighter future.  Inadequate energy supply for the extra lights.

Apr 12, 2010 4:10 PM

Just remember:  the FRN is an asset class.

There is no such thing as "cash."  There is only debt.  The FRN is debt.  An electronic FRN has no special attributes not shared by a paper version of same.

Apr 12, 2010 4:17 PM

Why are you complaining?

"Organic growth"?  There is none to be had.  That is why yields are so low.  It's why debts requiring interest are being discounted before our very eyes, including creditmoney.

Everybody seems to think that gee if we just do this or that INSTEAD of what's being done and which obviously isn't working, that the "growth" will come back and we can resume grow, grow, growing forever!

We can't.  That's the problem.  It's why everybody is confounded by this.  Economics DID NOT CONSIDER the system state where growth could not continue, where headroom evaporated.

At least circuit designers understand clipping and dynamic range and headroom.  File this epic fail into another matter that economists do not get in their pseudoscience.

Apr 12, 2010 4:26 PM

Debts are being discounted in the face of a future of contraction.  The FRN is debt.

Apr 12, 2010 8:35 AM

IMF charges a sovereign state a "fee"??  WTFLOLz

Junk fees just like a mortgage.  Where's the doc fee, attorney fee, stamp fee, binder fee, courier fee, and all the rest?

Apr 12, 2010 9:26 PM

Cash?  WTF is that?  Oh you mean an electronic entry in some account somewhere?

Who is the Treasury's bank, again?  Ah, the Fed.  The ATM that never runs dry.

Apr 12, 2011 1:23 PM

Those of us even vaguely in the know - and there were a lot - saw through TALF as soon as it was announced.

Essentially, the Fed used these devices to sop up debt all over the spectrum.  If you had some of your own cash, you could put it up (sorta) and then you bought access to the Window.  Not for the little people, only the big fish.

Then you take out enough loans to buy your shit ALONG WITH paying yourself management fees and continue to roll loans until you've extracted your initial profit + 20% or whatever your expected ROI was.  Then, fuckit, stop paying, let the Fed have the shit.

The Fed DIRECTLY subsidized ALL the big fish along the way.  Little fish got the firings, cuts, pay freezes, etc.  I was working at Comcast during the time this fucking CEO got his nearly record (for US F500s) pay increase.  They were actively attriting staff all up and down, letting significant knowledge walk out the door.  And the CEO got the payraise.  Everyone below executive level got fucked while these motherfuckers bought themselves a $25M giant TV screen at HQ to serve as a digital wall (no shit) replete with digital ants crawling across it.

Apr 12, 2011 1:24 PM

for every fraud uncovered they have 100 more

Apr 12, 2011 1:26 PM

I'm still kinda stunned that not one person laid off, foreclosed, evicted from one of these companies hasn't taken an assault rifle to HQ and capped the executives whose pay went up by 12%

Apr 12, 2011 10:37 AM

this is just complete bullshit.  Fission in reactors requires moderation.  This crap about nuking reactors is nonsensical idiocy and anyone who says it should be ignored immediately.

Apr 12, 2011 10:45 AM

Dr. Tom Burnett is utterly full of shit.

Fission did not stop at Chernobyl upon the initial core excursion precisely because portions of fissile material remained along with graphite moderation.  This is how the Bridge of Death came to be such a thing.  Chernobyl was fissioning during the accident until the army airlifted in enough boron, sand, and lead to absorb sufficient neutrons and to mobilize the core elements downward and out of the reactor.

There is no analog at Fukushima.  It is WATER moderated.  While the core will melt, without water inside the reactor, there can be no fission due to scientific concepts such as doppler broadening that Dr. Tom appears to be clueless about.  A BWR meltdown is NOT self-sustaining for this reason. 

Those who say that the Japs should have done what the USSR did are similarly clueless; there is nothing here to pour boron on (other than SFPs) as the reactor vessels roughly contain the reactants.  Chernobyl's reactor interior was open to the atmosphere, consequently things could be dumped into it.  That is not the case at Fukushima Dai 1.  Basic knowledge of the reactor designs should be a prerequisite for comment on this issue

Apr 12, 2011 10:45 AM

you guys learnt everything you know about nuclear reactor accidents from "China Syndrome," didn't you?

Apr 12, 2011 11:19 AM

How many fucking times do I have to explain this to you idiots before you get it?

Japan HAS FISSILE MATERIALS, which are the sole obstacle any nation has to Bomb acquisition.  The technical issues relevant to creating a critical mass for an atomic bomb are trivial for a nation with the technological capability of Japan.

As they have an orbital space program too, they have delivery capability, intercontinental, as well.

Japan is a de facto nuclear weapons state.

Apr 12, 2011 11:26 AM

well, economically...the Chernobyl thing is in a direct line to the downfall of the USSR.  It certainly did expose the incompetence of the central authority.  The USSR was bumping up against their oil peak a few years later and shelving reactor capacity was not something that they could stomach.

Apr 12, 2011 11:53 AM

OMG a ONE percent selloff!!!!  RUN FOR THE HILLS.

Silver is down to FORTY dollars, gold at 1450, WTI 106...Apocalypse Unfolding.  Yen is up .84% against dollar...OMFG.

What has been a one-way trade is taking a retrace; chill the fuck out

Apr 12, 2011 11:56 AM

yeah, people throughout history have hoarded paper in times of distress...LOL.

WTF do you think they're going to do with that paper; it has but ONE use.  Ok, maybe a few more but those involve ass wiping or wallpapering

Apr 12, 2011 12:53 PM

guillotines, bitchez

Apr 12, 2011 3:02 PM

to those who think the elites are super smart...read the article...REIKI? WTF. Some kinda mystical asianmade con.
These elites are so clueless and out of touch they will latch onto any kind of bullshit. I mean look at Scientology!

The so-called elite is completely out of it. Remember, they get access to all kinds of free pills

Apr 12, 2011 3:07 PM

could have paid 500 employees 50k for the year for that.

Or maybe one year's bonus of the CEO.

The elite class is systematically looting EVERYTHING they touch.

Apr 12, 2011 3:59 PM

nobody seriously expected the GOP to actually cut did they?

Apr 12, 2011 8:17 AM

there's nothing wrong with that pool design; it wasn't designed to be a PERMANENT STORAGE repository for spent fuel rods.

It's like using cinder blocks for a jackstand

Apr 12, 2011 8:24 AM

yeah...watch that Cobalt Coal show on Spike or whatever. Talk about inbred hillbillies. They run over the power cord for the coal cutting machine it seems like almost daily and emerge from the mine with soot-covered faces. Not a great life but they sho is dumb.

Gaia worshippers should worship in the dark. No electricity.

Apr 13, 2010 1:34 PM

Yep...100% true, because the Junta never has any rifles.

Oh wait, they do.

You ever been in a gunfight with, say, 10 people armed as well as you are?  Yeah, you're posting, I know the answer.

Apr 13, 2010 1:38 PM

This is the single most important question:

If/when the real economy can no longer grow, what happens to a system of money based upon debt?

Apr 13, 2010 1:40 PM

Why are we all asking questions we already know the answers to?

The centralization of money isn't about efficiency, it's about profits for the people who control it.

Apr 13, 2010 1:48 PM

JUST RAISE THE FUCKING TICKET PRICES.

JFC, will SOMEONE please stop trying to freakin obfuscate??

Either that or surcharge by total weight.

Apr 13, 2010 10:16 AM

This is PRECISELY how I have described socialism to socialists for years trying to get them to understand.

You trade any chance at upward mobility for a reasonably passable lower middle class lifestyle.

And it does nothing but ENTRENCH the aristocracy.

There is NO WAY to get ahead with the taxation of income.  The rich don't have to HAVE income; they have ASSETS and WEALTH.  Those who have are enshrined in perpetuity; those who have not, the same.

Apr 13, 2010 10:18 AM

The commentary here is mfing laughable.

The vast majority of these rich are NOT productive.  They just feed off of the gov't trough.  To call them "productive" and wealth-generating is asinine.  They are just better-connected leechfucks than those on the left of the curve.

There are a very few productive who "deserve" their income, but a hedge fund manager?  What "wealth" are these wall street fucks creating?  They're merely taking wealth from other people and putting it into their own pockets and then calling it industriousness.

The right side of the curve is stilted with crooked and incompetent executives and wall steet hucksters.  If you go down a list of billionaires in the world you see a list loaded with corruption and former heads of State and in some cases, like Bhutto, Arafat, Hariri, etc., children of "public servants" who are now legacy billionaires due to the death of their corrupt parent.

The rich are increasingly parasitic, not productive.  As for the solution, it is NOT government, which is and always has been an ENABLER of these parasites.  The solution is populist labor bargaining power.  THAT is what created the middle class.  Gov't policies were not responsible for sane executive pay multiples; in fact it has been government policies enacted by/for the elites that have caused the opposite.

At this point, the elites have a complete stranglehold on ALL levers of power - gov't, unions, interlocking executive directorates.  They and their cronies are on every board and in every decisionmaking position.  I fear that revolution is the only option at this point.

If the government taxes more, that just makes more money available for the right lobbyist to help the right Senator steer into the right hands.  The richest people I know are sucking on the gov't tit, war profiteers (also on interlocking directorates of various large corporations), lobbyists, and otherwise connected with the gov't.  Look at the banking industry; it would not EXIST but/for gov't largess.  And NOW they are going to jack the taxes up and we're supposed to believe, what...reverse this largess?  Give me a break.  It's never gone that way.

In each and every case, the gov't program to do anything becomes an excuse for money to pass from a crony to a lobbyist to a Congressman who appropriates the public monies back to the crony.

Apr 13, 2010 10:24 AM

This is the bifurcation of the economy.

Those connected to the gov't bailout tit are doing well and highly optimistic, and their executives got bonuses and raises for surviving.

Those not connected?  Hey, yeah, fuck you.  They're suffering. 

Those dependent upon actually producing things, not so good.  Those dependent upon gov't money and connected to the financial complex or subsidies?  Much better.

Apr 13, 2010 10:27 AM

Global peak oil is unprecedented.

After USA Peak in 1970, we came across the N Slope and the N Sea and several other supergiant fields.  The sudden relative new "abundance" of energy plus the severing of the Bretton Woods connection to real assets provided some cover for the debt era.

Basically, we consumed the resources in an area and moved on.  Now, we've run out of area. 

Apr 13, 2010 12:11 PM

Read about Real Bills Doctrine.  This is the answer.

The reason bankers hate it is because it does not allow them to acquire real assets for lending what they do not have.  It turns them into transaction facilitators and bye bye to massive spec and rentier profits

Apr 13, 2010 12:37 PM

What do you plan to do with that ammo?

Defend yourself from a drug gang wishing to use your nice property as a meth lab?  ROTFL.

Everybody has guns and everybody has ammo.  Don't you ever do paintball in a confined arena?  Those who are not shooting are the ones who make it to the end.

Apr 13, 2010 12:42 PM

IMF = lend them money to lend it back to you.

DOUBLE PLUS GOOD HAPPYFUNJOY

Apr 13, 2010 3:07 PM

how is this different from any of a zillion .com stocks in 1999?

Apr 13, 2010 6:13 PM

going to need significant loss of faith in FRNs to displace them.  The Euro collapsing would do more for gold than the dollar

Apr 13, 2011 1:44 PM

can't watch anymore of President Ruxpin

Apr 13, 2011 11:58 AM

well it's true, ain't it?

The debtmoney system was at inevitable path to destruction upon inception.

ANY time you create a money base that requires more money on an ongoing basis to avoid complete (and I mean total) deflation, you have a growth ponzi animal.

When the Fed was chartered it lent X dollars into the system requiring X+iX dollars in the future to repay (i is interest).  The iX dollars did not exist at the time of X's creation.  The sole method of iX's coming into existence is further borrowing by some party in a rolling, geometrically growing credit animal.  If at any point there is nobody left or willing to borrow that additional iX, the system begins to implode.  There is never at any point sufficient money to repay the existing money plus interest owed on it.

Apr 13, 2011 12:01 PM

need to look at price levels in Argentina to have any idea as to what this Merval number means in a real sense.

The truth is that if we are in such a crackup, your mandate is to lever to the fucking moon.  Those who lever in severe inflation end up at least paper rich.  Certainly those who do not will see their paper wealth migrate into the hands of those who do.  So in a relative sense, the levered become wealthier.

Apr 13, 2011 12:01 PM

our national heydays were during trickle up periods.  However, government does not accomplish that.  National Socialism just creates unassailable plutocracies.

Apr 13, 2011 12:10 PM

in fact this is PRECISELY what Central Banking is supposed to be and do!

Its inception was the Bank of England whose charter members intended to PROFIT from lending to the sovereign and controlling issue of currency.  The original purpose of the BOE was to lend to the English to (surprise surprise) build war power.  The MIC is 400+ years old.

Apr 13, 2011 12:20 PM

ROTFL,  bitchez

Apr 13, 2011 12:24 PM

either way, this appears to be the banks finally being flush now.  They've been saved and bailed out.  All their NPL crap is on the Fed.

Now the banks want repaid on all those bullshit ponzi loans.  AUSTERITY TIME.

GET BACK ON THOSE WHEELS, HAMSTERS!!!!!!!!!!

Apr 13, 2011 3:47 PM

GOP probably took some polls and found blame for their shutting things down.  Bama still owns media friends.  The whole "oh no the soldiers won't get paid" was just too much.

Apr 13, 2011 3:50 PM

kmp pays a 6.1% right now.  But nearly 6 for a copper stock ain't shabby at all

Apr 13, 2011 4:08 PM

this is as I deduced just from the spotty information that we received out of Japan.  The SFPs always were the problem.  Mechanical dislocation of rods along with water has placed them into sporadic criticality, explaining inaccessability, neutron beams, all of that.

The *pools* are why nobody can access the reactor buildings and why we continue to have radiation release.

A SFP anywhere should be looked at as an uncontained potential reactor core (or several).  Some physical damage plus unborated water and you're going to get fission.  Don't pour in water and you get an uncontained meltdown, zircaloy fire, etc.  Lord knows what is underneath these SFPs all over the world...maybe aristichan can weigh in.  It very clearly does not look like they have the same physical safety apparatus as an actual reactor.

This is a sick irony that they put all this effort into designing relatively safe actual reactors, with multiple redundant safety systems, yet they take the very same shit, put 97% equivalent rods in a big matrix in a fucking swimming pool and pretend like we can then just put it on ignore.

A SFP meltdown is a massive catastrophe waiting to happen.  It is not nuclear power that is dangerous, nor reactors, but everything outside of them.  The only part of the fuel cycle that appears to use containment and safety is the actual fission part, when in any kind of LWR, the rods are JUST as dangerous after they come out of the reactor as during the fission process.

Apr 13, 2011 4:10 PM

Let France deal with this...it's their baby.

They have their carrier there, get more mfin planes on it and do this shit.

Apr 13, 2011 4:22 PM

you don't want to shake hands with 3rd worlders who don't use toilet paper.

The proper etiquette to a jap is to make sure he bows deeper than you because we as americans outrank them.

The ahabs you kiss on the cheek same as french.  Because they wipe with their fuckin hands.

Apr 13, 2011 4:28 PM

who is this "us"?  because i wanna know who you people are, bc you are about as dumb as shit.

I sure as hell wasn't at any heights of fuckin hope or believing in all this hopium bullshit, motherfuckers crying and weeping over this chump, passing out as if jesus had come and he was like god floating over all of us.  Fuck that shit.  He's a man, and an unexceptional one at that.

I laugh at people in the personality cult because they are chumps.  And you all got conned, fuckin marks

Apr 13, 2011 4:32 PM

a once a week yoga duffer could whip his ass.  I mean fuckin look at him.  He's pathetic.

I mean he very clearly THINKS he's awsumz at basketball because the fucking teams he invites by like NC and whatnot let him put some buckets in for a photoop.  And he probably thinks he's killer at golf because everyone kisses his ass.  That's all anyone has ever done his entire life is asskiss because he's the negro that absolves the whitey guilt imposed on them by a legion of "civil rights" orgs and media interestingly dominated almost exclusively by ONE ethnic group.

He slacked his way through the ivy league undergrad, Harvard, everywhere, he was a present voter in the state senate, national senate, and the powers behind him have bulldozed any real opposition he ever had while rolling a red carpet out in front of his sorry ass.  He's nothing, literally nothing...has the air of a dude who catches about him too

Apr 13, 2011 8:12 AM

I wonder how much of that bottom line was from blowtorching goldbugz lol

But seriously, Tyler what is the problem with reducing loan loss reserves?  To actually expect to take losses with this Fed operating is foolish.  Loan loss reserves should be cut completely to zero.  You can always flip the CLOs to shell companies stood up by the wives of your wall street cronies.

Apr 13, 2011 8:18 AM

if you were a CB, what's holding your notes up?  The dollar?  lol.  If shit gets serious, you have to really consider having something, anything, with which to back yourself.

The notion of selling into the markets is on pause indefinitely.

Apr 13, 2011 9:27 AM

of course it's over...all losses will be passed off to the Fed via loans to the shell companies stood up by wives of wall street cronies

Apr 13, 2011 9:44 AM

this is the spectre of deflation.  These debts REQUIRE somebody else to borrow ever more...classic ponzi behavior.

These maturities plus interest all have to be borrowed; the consumer isn't holding up his end.  The gov is going to force you to effectively lever by borrowing for you and making you make the payments.

This will run until the economy just totally collapses.  EVERY ponzi scheme eventually collapses and this one is no different.  There is NO WAY for the "system" to live within its means when the debtmoney system is in systemic default at its inception.  Everything that follows is a result of ignorance of this one, basic fact.

Apr 14, 2010 1:42 PM

Don't forget the Great Famine...that's the BOE's idea of Irish Austerity.

Ireland has been rentier heaven since the 1600s

Apr 14, 2010 1:45 PM

YOU CAN'T HANDLE THE TRUTH.

Apr 14, 2010 11:06 AM

The guy you are responding to is correct.

The problem is the expectation that growth would continue...the debts we have, some of them 30 years in duration or more, expect growth.

Growth at this point isn't happening and won't happen absent a HUGE quantum leap in technology.

Apr 14, 2010 11:30 AM

All nations are in "debt" to banks beyond their ability to pay.

There are those on here who say "well, if one guy is in debt, another must be in surplus."

Wrong.

The fact that EVERYONE is in debt and nobody can figure out to whom proves that banks lend capital they do not have.

The banking system is kiting checks against the future, lending out what they do not possess, hoping to get real assets in exchange.

How else can EVERYONE be simultaneously insolvent?  Even China now says they're in trade deficit.  So, who is exporting?  Who is lending?

The banks.

Apr 14, 2010 11:51 AM

Impossible.

The top 1% do not have $100T in wealth or whatever the aggregate debts are for all nations.

That's my point; the money that was lent never existed.  There never was the capital.  It was leverage.

The top 1% *borrowed* the money to lend, exploiting rate arbitrage.  Trace the funds back to their source, the banks.  Only they have the power to create creditmoney like this.

This is, in fact, the problem...the bottom 99% is insolvent, therefore the top 1%, who are still ostensibly on the hook for their debts, are too.

Look at the banks...they were simultaneously OWED massive amounts yet still insolvent somehow.  If they were actually lending money/capital that they possessed, there is no way they could have been insolvent.  The point is that they borrowed and levered in order to lend and THIS is what blew them up, the imbalance between debts "owed" and the value of "assets" which were themselves chopped up slices of loans to others.

Banks didn't just lend out their deposits then get run on.  They themselves borrowed massively from others to create leverage pyramids.  All of these roads trace back to the Fed as the bank of banks.

Apr 14, 2010 11:58 AM

Math is a sorry reason to have armageddon.

I keep trying to get people to understand that these are just numbers on paper.  The money lent was never possessed; it was created.  That is how we got price inflation out of it.

It's how the MZM and other money metrics kept increasing; they kept creating money via credit. 

Yet we see banks ostensibly creditors who are themselves insolvent.  Everyone lent to everyone else money that they didn't possess and now they expect repayment.

And people are ready to go to war and have society actually collapse because of some shit on an accounting ledger?

We need to stand up and collectively REPUDIATE this system.  We can be like Bavarian Producers in the Weimar era and say take your jew confetti back to where you came from.

Real Bills Doctrine provides us a production-backed means of exchange, a real currency, and makes banks what banks are supposed to be.

The banks should not tell us that we have to give them our firstborn because they lent us money that the banker never had in the first place.  Fuck that.  There's no loss to him except in his expectation of RENT.

If I pulled the shit the banks do, I would get arrested and jailed for counterfeiting and fraud.

Nevermind the Fed or the other CBs.  Look into the history of the BOE...they backed out whatever initial capital they put up in that bank within an instant.  Why?  Because they had "assets" in the form of sovereign loans, created by lending capital THEY NEVER HAD.  So, they backed out their REAL capital and left the loans on the books as assets.

The banks are assetless; that is the big elephant in the room.  The debt is backstopped by bullshit and smoke and mirrors.  It must be rejected, along with the entire CB debtmoney FRN system.  All of it.

This is actually what the Founders did and were about.

Apr 14, 2010 12:03 PM

You got it...the elites are also on the hook.

If the debt defaults, they don't get their real assets.

Apr 14, 2010 12:42 PM

Devaluation must occur...Japan is the heaviest in debt, so watch them for signs on what will come this way too.

Apr 14, 2010 9:12 PM

Mohammed was a pedophile

Apr 14, 2011 11:17 AM

and of course EVERY farmer wants nothing more than his farm animals to drop dead

Apr 14, 2011 12:26 AM

SECers have to see GS or other WS firms as their next career step.  Are they really going to shitcan their career ladder?

Apr 14, 2011 12:44 AM

So trav7777 will say this is not "bad" news.

You idiot ass...I was the one, more than a week ago, who said that neutron beams and radionuclide emissions were likely from SFPs.  I said that.  Nobody else did.  Me.

If you construe that as my having said it was not bad news, then you are a fucking idiot.

I have maintained since day THREE that the danger here was not reactor cores; in fact I said LET THEM MELT DOWN, they cannot be saved.  Spend all efforts on mitigation of SFP rods because there is NO CONTAINMENT for them.

I would not be surprised if sporadic criticality was occurring in these ponds as a result of mechanical displacement of fuel elements plus inclusion of unborated water.

There is argument upthread about silly shit such as "proof."  No, this is not proof in the OP, it is EVIDENCE.  It is what I said 2 weeks ago, there is EVIDENCE of ongoing criticality here and there, xenon isotopes downpipe, Cl36.  If they find Cl36 in the water, there you go.

The heavier than expected isotope concentration is evidence of there having been sporadic criticality at some point.  News flash- these events are the accidents which KILL plant workers.  Not exposures, not leaks, but criticality accidents due to moving some shit too close to other shit.

The premise is that SFPs have undergone some criticality during the aftermath.  It is not dispositive; there is no proof.  It is only a theory that tends to fit the facts.

Apr 14, 2011 12:52 AM

I cannot concur.  Far higher than normal levels of these isotopes are evidence.  They are not proof, nor are they conclusive.  They are merely evidence.

If there are stray neutron emissions, I would not wager these came from reactors that are in containers intended to provide neutron shielding (otherwise the things would kill everybody nearby).

I think "ongoing fission" is a gross misnomer.  There is at most sporadic fission in the nature of the types of criticality accidents which have periodically killed nuke plant workers over the years.  If the rods have been moved too close to one another and unborated water is introduced to the pile, fission is certainly not unexpected.  It happens sometimes even in the NORMAL mode of operation of these pools.

If you intend to say that these isotopes provide no evidence of "ongoing" or "current" fission, then I agree. 

Apr 14, 2011 3:14 PM

Plosser's not talking shit...he actually thinks there's a "recovery" going on because all of the metrics that are fed to him by his sycophants suggest that there is one and that inflation is tame!

He doesn't have to pay attention to his grocery bill when the live-in nanny comes home with them.  It costs whatever it costs, not a big deal for a fatcat like him.  Likewise, his car is certainly paid for and his driver pumps the gas or the car company takes care of that.  He never has to tank up for work, only the occasional fillup and he may have someone handle that too.  Not a problem for him.

Apr 15, 2010 1:50 PM

Actually, 'Bama closed more than he opened.  Net down.

I used to live in a neighborhood with these people.  They DEMAND electricity but demand NO POWER PLANTS.

Socialist liberalism is inherently self-destructive and paradoxical.

Apr 15, 2010 10:01 AM

I see a few of you guys understand Peak.

In the future, please do not talk about reserves or URR, as it confuses the rubes.  Don't talk about "cheap oil" or other irrelevancies, because the rubes have trouble understanding 2nd order problems.

The issue is not about how much oil is in the ground, it's about the rate at which we can produce it.

Given your statement about the world consuming 1Bbbl in 11.7 days, some rube might say, "oh Brazil just found 8-10Bbbl in Tupi so that's 117 days' worth of new supply and we just keep finding billions and billions more."

The problem is that Tupi cannot and will not produce 1bbpd.  In fact, it will top out around 500kbpd. 

I have tried mostly in vain to get people to accept that you cannot divide the P10 or P90 or URR or "inplace" reserves figures by desired demand to get production rate.  Wells just don't work that way.

Even if Tupi does contain 10 Bbbl...we cannot mobilize them to the surface at any old arbitrary rate.  We can only bring them up at max, 500,000 per day, and this is the peak rate, which is only sustainable for a few years in the production lifecycle.  Just because the world needs 1Bbbl every 11.7 days does not mean we can decide to suck oil out of a well at this rate.

Rubes continue to think we found another years' worth of supply each and every time some headline says we found possibly 30Bbbl somewhere 20 miles down.  When in reality, a field such as that may at MOST supply 1/80th of the current consumption.  Rather than say it gives us "another year," what it does is give us 18 minutes *per day* worth of oil.

Apr 15, 2010 10:11 AM

A month or two?

ROTFL.

Again, we CANNOT suck out the oil from this field at whatever rate we want to.  We consume 18mbpd in this country.  Assume that the find is 1Bbbl.  Does ANYONE here actually believe that we could produce 1Bbbl from this field over the span of 60 days?  That would be 16 Mbpd.  Or 3x the maximum production rate of the world's largest oilfield, Ghawar.

To even phrase this find in terms of a month or two of US demand is asinine and it understates the problem, which we *desperately* need rubes to grasp and get their heads around.
As long as they continue to believe that we just kicked the can down the road another month or two they will believe with strenuous wishin that we can find another billion barrels here another Bbbl there and we'll extend this into the foreseeable future.

The REALITY is that such a find in deepwater will probably produce *maybe* 200kbpd.  (bpd=barrels per day, k=kilo).

200kbpd is not 2 months' worth of needs, it's less than 20 minutes per day worth at current consumption.  The US consumes 750Kbbl per hour.  To bring another HOUR per day of production online to replace that lost elsewhere, we have to find a field or collection thereof that will produce THAT amount of oil.

When you look at the fields all over the earth, you see that a field of this size hasn't been found in over a decade.  A 750kbpd producing field is actually a relatively RARE thing.  And that's just ONE HOUR per day of our needs.

To illustrate the problem, Cantarell used to produce over 2mbpd, now it produces .5.  That means 1.5Mbpd of production was lost just in the past few years from this one field ALONE.  2 hours per day of US consumption, gone.  And we found a field in the deep Gulf that will give us back 20 minutes of that.

ALL that matters is rate of production.

 

Apr 15, 2010 10:22 PM

Yeah, bitch, YOU learn YOUR fucking history.

The fuckin joos moved into the land and BOUGHT IT.

That's a goddamned FACT.

The war was one of independence and they WON.

So get the fuck over it you whiny brat.

Another crusade?  GTFO of here with your moral relativist shit...so what the fuck were the Moor invasions?  WTF did Charles Martel do? 

Your sorry ass do-over revisionist history is so much postmodern TRIPE.  The fuckin Arabs?  Those who carried science were hated by the orthodoxy.  Everything you think you know is a joke.  Greece and Rome ring any bells, bum?

Your facts are not facts, they're a fucking joke fed to you by a bunch of socialist revisionist morons.

If you read a SINGLE THING I write on here, you will see that I am the one who POINTS OUT the monoethnicity of Hollywood studio executives AND banksters...but then because I don't buy into your anti-Israeli shit, I have a Zionist U degree.  FOAD, seriously.

The joos won the wars.  PERIOD.  And that's the mfin END OF IT.  Just like we beat the freaking Aztecs. 

Apr 15, 2010 10:23 PM

I don't claim any such thing either.

I CONDEMN what the USA has become, but you lump me in because I am WHITE.

All this "White man" shit is RACISM.

Apr 15, 2010 10:24 AM

It doesn't matter what oil is priced at.

This is why economists struggle to grasp peak oil.

I had to try to phrase PO in a variety of ways to get my economist friend to get it.  He *assumed* that a higher price would cause more supply; that is an economics axiom.

I said that you cannot get more NET oil out of a well past-peak no matter what the price is.  No matter how cheap the credit, no matter how much dollars you print or gold you trade, it *cannot* be done.

The reason why is in order to get more nominal barrels out, you have to spend more energy to do it.  Your NET goes down at the well's peak.  You invest more input energy to maintain output.  Trading one form of energy for another.  The NET reaches a peak then declines.  Irrespective of human constructs like "price."

This sort of stuff, physical laws and physics and engineering, is apocryphal to economists.  It spits in the face of their dogma, which is that the whims of man bend reality, when every engineer knows that it doesn't matter how much the marketing department wants it, you *cannot* build the infeasible, perpetual motion, antigravity, etc., things which violate the laws of thermodynamics or other physical laws.  People can want and wish as strenuously as they desire, but it won't make the impossible possible.  Even if you have 1000 Jiminy Crickets wishing with you.

Economists, deep down, believe that if you offered cheap enough credit or money, that someone could and would invent a perpetual motion machine.  Or a way to make water yield more energy flowing downhill than it took to pump it uphill.  In fact, a lot of gov't programs are subsidies intended to make it look precisely like this is what is happening and "demonstrate" the viability of things which are fundamentally infeasible.

Economics *should* have been the study of usage of energy, but it became about money and interest and credit because the "study" was taken over by largely ignorant but heavily arrogant bankers.  And when the "great" economics treatises were hashed out, there was no reason to expect that oil production would ever peak; it had always grown.  Only one madman, Hubbert, was out there in the 50s, during the monetarist heyday, sounding an alarm.

Apr 15, 2010 10:35 AM

Peak oil has ABSOLUTELY NOTHING TO DO WITH PRICE.

Suppose oil demand DECLINED because people decided to stop consuming as much you know to save the whales or polar bears or something.

Peak would STILL BE THERE even if oil were $20/bbl.

Peak is NOTHING other than a maximum rate at which oil can be extracted from a well, field, nation, earth, or other arbitrary reserve.

Peak is not the end of cheap oil, it is the end of increasing production.

Apr 15, 2010 10:38 AM

Yes...google "Cantarell" for the apocalypse case.

 

Apr 15, 2010 11:14 AM

No, I'm not one of those guys at all.

I'm telling you that price does not matter.

If people decided tomorrow that we did not want to consume oil ever again, because we had magic cricket power or pixiedust and we wanted to pump it all above-ground to shoot into the sun, Peak Oil would STILL EXIST.

The rate at which we could extract oil would peak and then decline IRRESPECTIVE of the "price" we assign to it.

Are we clear now?

Peak "cheap" oil in terms of EROI was over 50 years ago.  Or maybe in the 1960s when discoveries peaked. 

I think it's important to understand what Peak Oil is and means and this whole notion of "cheap" is foolish.

Oil will be LESS available no matter the price.  Those who think, oh, well, I'll pay more for it but it'll still be there because only "cheap" oil has peaked are WRONG.

ALL oil has peaked, cheap, expensive, in between. 

Apr 15, 2010 11:15 PM

What is the solution?  Remain this hyperaggressive empire serving the foreign policy of an apartheid State?

Apr 15, 2010 11:23 AM

Yeah...I know that you know what the issue is.  Don't take my comment as a correction...I know you have this shit locked down.

It's a challenge, man...I've struggled with it.  Look at my other replies on this thread.

People hear that "cheap" oil has peaked and they assume, ok, well production will continue to increase, just at a higher price...that's deadassed categorically WRONG.

They hear that the US consumes 18mbpd and we just found 18Bbbl and so we've kicked the can 1000 days into the future.  And all this does is muddy the issue when Cantarell shed 2% of daily production just in the last few years.  And price goes up and people think we can just motor along except paying more at the pump.

The price is an artifact of supply and demand...people who think it's about "cheap" or whatever.

Gosh, look at Helium or Gold.  They peaked in 2002 and 2000, respectively.  Did "cheap" have anything to do with the Helium peak???  There is no such thing as "cheap" Helium because it's an artifact of alpha decay of radioactive elements (mostly U238), and is found with NG deposits.  Nobody drills Helium wells or does Helium exploration, yet it PEAKED and production has declined YoY since 2002.  Despite being primarily used for kids' balloons (though it is one of the more critically important elements because of cryogenic uses and superconducting research; MRIs need this as well as the semi industry.  PBMRs would ideally use He as a moderator and energy transfer material), it still peaked price be damned.

Apr 15, 2010 11:35 AM

You might be right...or you might not be.

I tried the easy way so many times, man, it's laughable.

People have very strong internal unwillingness to accept PO.

A case in point is Douchinger...he'll ban people for it despite implicitly knowing that it's true.  It has to be true.  After I got banned the 2nd time from TF for PO arguments in which I told him to google Cantarell, references to that field started showing up in his tickers.  And yet, he still bans again for discussions about it and calls it a religion.  Why is that?  He has to know that it's true; it can't not be.  To claim that you can exponentially grow forever is ab initio illogical and apodictically false.  But the consequences of the oil peak are too scary for anyone who knows they live in a growth system, so you get the ostrich syndrome and people latching onto things like "cheap" oil peaking and somehow these new reserves figures "meet" the world's oil needs for X number of days, months, or years, when the reality is that they don't.

So, in the absence of that, sometimes I just go for the bludgeon and patronize people.  Better to get the truth out.  What's worse, my bedside manner or the fallout from mass delusions regarding energy availability if we fall off a Cantarell-esque production cliff?

The data I see on wells is frightening, man.  My personal forecast is for world war; I am planning to leave for S. America or something to get away from this shitstorm.  I just can't see a way so many fat self-entitled people will be able to coherently agree when there is going to be nothing but demagoguing of "speculators," "big oil," or OPEC.  There are few who are capable of understanding the problem and among those, most refuse to accept it.

Burgan is declining higher than projections.  Prudhoe did the same thing; I got out of BPT over the discrepancy between its production on 10ks and the projections they put out.  Projections were those nice, singledigit declines, and reality was 15% YoY.  Cantarell absolutely crashed.  Newer wells peak sooner and crash harder than older wells.

What that means is that all of the reserves we found in the past 10, 20 years are going to hit peak quicker than our initial models suggested and then crash production harder and faster than the models did.

So even the PO-aware models forecasting a 3-4% YoY production decline may very well be VAST underestimates of what we're staring in the face.  If Ghawar goes Cantarell or Burgan does, we're straight up finished.  I mean the lights go out, cars stop driving type finished.  WW2 rationing style finished.

When the fat people can't gas up the SUV, they're gonna be angry and our leadership is right there to blame boogeymen.

Apr 15, 2010 11:46 AM

I like the adiabatic origin thesis...always have.

Don't make a damn bit of difference to peak.

Reserves are X, production is the derivative.  The two are unrelated.

I enter these PO arguments and at the outset, I say, assume reserves are infinite.  Peak still exists.  Peak is only the maximum extraction rate.

The trend Hubbert noticed was that Peak tended to be concomitant with the depletion of 50%.  People assume that ties reserves to peak somehow, but it was merely a correlation he saw when he developed his models (based upon that era's oil production profiles and distinct primary, 2ndary, tert extraction phases).

But dead dinos or trapped methane, what's the difference?

Apr 15, 2010 11:53 AM

Naw man.

Peak "cheap" oil creates the expectation of still-growing production, except at a higher price.

That is why I object to the term.  That, somehow, only the Cheap oil has peaked, but the expensive oil, yeah, we still got much more of that. 

We don't.  Oil past-peak will be less available no matter the price.  Even if we tomorrow converted all of our energy demand over to nukes and just kept pumping the oil to make more plastics and fertilizer, we'd have production declines YoY.  The oil price would obviously collapse.

Apr 15, 2010 11:58 AM

I'm plannin to just GTFO and move someplace warm that's an energy exporter and has hot babes.

Like Brazil or something.

Would just hate to own a compound here and be on the wrong end of a 30mm Apache cannon or else be downwind of an industrial accident.

Better to head somewhere people are used to walking around.  Like Orlov says, the US has very far to fall whereas collapse to a 3rd worlder is like fallin out of a window on the ground floor.

Apr 15, 2010 12:05 PM

Only if the YoY declines are severe.

But, yes, the inflection of the energy supply growth curve means a retracement of the entirety of the Industrial Revolution.

This is the biggest obstacle facing mankind, yet our last Presidential Election seemed to suggest that people thought that racism was.

The issue now is that our model of growth must change to one of contraction.  This DOES NOT MEAN that everything that has run on oil can't keep running.  It just means that there will be less things consuming less oil.  It needn't be the end of the world.  People walk everywhere else and get by on much less.

It ain't Indians that need to change; it's we who do.

Oil will STILL be abundant.  80mbpd or 70 is nothing to sneeze at.  Supply just won't grow.  Instead of more people driving more cars more miles there will be less.  Kind of like reverting down the supply curve back towards the 50s.

World gets bigger, shit gets smaller.  But hell man they have mobile internet in Afghanistan; you'll still be able to surf teh interwebs for pron

Apr 15, 2010 12:15 PM

Feel free to include me; we'll pool our gold and form our own bank and just leech of of everyone LOLz

I have talked with similar-thinking friends and we marvel at the chance we squandered during the 90s to basically put wind power and PBMR and solar panels everywhere with the "money" we spent.  We could have financed that through inflation and become a net electricity exporter, cracked H2 with it.

There were so many opportunities in technology to improve efficiency, lighter cars, alcohol and gasoline fuel cells, diamond-based semiconductors, etc., and we fucking did what?  .com and housing bubble and wars and SUVs.

Instead of being the ant, we became full-on blinged-out ghetto grasshoppers as a society.  The good times rolled hard with pimped rims.  Granite countertops.  Giant prefabbed houses.  Longer commutes.  More more more more.

Head on into the wall.

Apr 15, 2010 12:32 PM

Totally agree, and I hold COSWF!

Alberta was going to build a nuke plant for that, but of course things get bogged down.  So COS bought themselves a gas company that had 50 years worth of COS's production needs to burn NG (which is a freakin more valuable resource than oil) to make synthetic WTC.  Nuts.

Burn our food, burn our precious resources to support transportation needs in wasteful vehicles.  BRILLIANT!

Apr 15, 2010 12:38 PM

Get your real assets

Apr 15, 2010 2:43 PM

I wouldn't believe anything that came out of Sorass's mouth.

This is one of the principle architects of the 527 group movement; he spends money to influence policy in spite of public will.  Fuck him.  The dude uses his money to manufacture and repeat lies.

Apr 15, 2010 2:58 PM

Maybe a big fireball meteorite will hit 85 Broad

Apr 15, 2010 3:02 PM

Start writing CDSs...net out to AIG and securitize the cash flows.

Apr 15, 2010 4:25 PM

This is Iran moving its chess pieces in preparation for a counterattack.

I mean, we moved a ton of bombs to Diego Garcia, yet nobody talks about our provocation.  We'll announce another CVN moving to the Persian Gulf; can anyone as an American IMAGINE a gigantic nuclear-armed foreign warship within 20mi of OUR coast?

Apr 15, 2010 4:53 PM

Used to have the same argument with my mom...we all have blood all over us.

But so fuckin what anyhow?

Apr 15, 2010 5:00 PM

Oh, fuck off.

Most of the land that comprises Israel was PURCHASED.

Just like we bought Manhattan from the goddamned Injuns.

The rest Israel won in a war of INDEPENDENCE against the combined Arab powers.

You act as if the Partition was reacted to by the Ayrabs with sighs and resignation.  Bullshit.

They IMMEDIATELY attacked, claiming annexation of Palestine for Jordan.  Fucking learn your history, idiot.

Then, there were subsequent wars in 1967 and 73 (and in 56) where Israel won again and again.  That is how these supposed "occupied territories" came to be occupied by the Jooz instead of by the Jordanians.  Wanna talk about what the King did to the Palestinians?

Fuck your stupid BS about the damned white man. 

You may or may not like Jooz or Israel, but they fought a war and that's that.

Apr 15, 2010 5:01 PM

Yeah, as soon as the nonwhites can invent anything useful.  Till then, STFU

Apr 15, 2010 5:14 PM

Were I President I would pursue a policy of strategic disengagement from the Middle East.  The interests of Israel and the USA are not coextensive.  The way AIPAC and the moneyjooz manhandle our foreign policy is repugnant.

That said, LET THEM SETTLE THEIR BEEFS.  If the Arabs want to attack, fine.  When they lose, STFU AND TAKE IT.

Fucking Russia just annexed Ossetia in a war...are we bitching?  Jordan annexed Palestine in the West Bank, nobody said SHIT.  Then the jooz took it and now it's history's biggest crime (2nd of course to the Holocaust and anything any white person ever did).

WTFEver.  We need to GTFO and let them settle it.  If the jooz get pushed into the ocean, that's their problem.  If the Ayrabs do, likewise.  Fuckin WHATEVER.  If they're hellbent to go to war and kill each other, hey, have the fuck at it.

Let the Trial by Combat commence; both parties want it.

Apr 15, 2010 5:26 PM

We're an Empire.  This is what Empires do.

Are we better than they?  Of course we are.  Objectively.  But in this respect are we so much better that we have the right to kill and steal?  Hell no.  It's immoral.

This US is not the one of 100 years ago whose people were isolationists and where grass roots labor power made the middle class and everything the world values was invented in.

I personally despise the jooish bent of our foreign policy, and the power that the Tribe exerts for their own interests and how it changed the US's entire ethic from one of downhome values into hyperaggressiveness.  We morphed from a producer to a big culture bifurcated into the love and pursuit of money and moneychanging scams on one hand and on the other of ghettofied values systems where conspicuous consumption is valued and glorified along with misogyny, destruction, and filth.

Just trace it back to who owns the studios and banks.  It's a monoethnic message and narrative and it's got to go.  Dunno by what means, but this country has been flat fucking destroyed.

Apr 15, 2010 5:34 PM

Crock of shit.

You know how those particular Injuns came to be in possession of the lands they were on, right?

CONQUEST.

It's how the Incas became a fucking empire, how the Aztecs did it, how the Mayans.  Not effing democracy, but conquest and slaughter.

So spare me the crocodile tears because they ran into someone who conquered them.

What "we" did to the Africans?  What about what they did to each other?  How about what Arabs did to them?

Every fucking historical injustice is always about what a white person did...why?  Because we won?  Screw losers.

Nobody says shit about Shaka Zulu slashing and burning his way up and down West Africa, or anybody else.  Or how the Arabs invaded and conquered Spain and all the way to Tours before Martel turned them back. 

There is fault to go all around and history is EQUAL in terms of who committed what oppression; there are no innocents.

I would use your Tshirt full of those warmongers to wipe my ass.  The Apaches were notorious for being warlike, aggressive, and violent against any rival tribe.

Apr 15, 2010 8:06 AM

That isn't what Peak Oil means either

Apr 15, 2010 8:06 AM

That is not what Peak Oil means, either.

Apr 15, 2010 8:07 AM

You're an idiot.

What you're saying is categorically incorrect.

Apr 15, 2010 8:12 AM

DOE is just another worthless gov't agency.  I think they've been focused on playing with nuclear weapons

Apr 15, 2010 8:18 AM

No, it is NOT.

Peak Oil is simply a PRODUCTION RATE MAXIMUM.

It has ABSOLUTELY NOTHING to do with PRICE.

Price is fixed by supply and demand.

Apr 15, 2010 8:24 AM

Engineers are finding oil at a slowing rate.  Fact.

Engineers' discoveries of oil are outstripped by demand growth by 4, 8, 12, 14:1, at an accelerating rate.  Fact.

The rate at which we can extract crude & condensate achieved a peak in 2005.  Fact.

Peak oil is about rates.  Not "more" not "cheap" not none of this confused shit that people on this thread keep babbling about because they read a yahoo article trying to explain peak oil to idiots who thought it was "running out of oil" and now these idiots think it's running out of "cheap" oil.

It's merely about a maximum rate of production and an inability to grow it past that point.  And, it has happened.

The vast majority of oil-producing nations have already peaked and are in terminal supply decline.  The time-to-peak of newer wells is *lower* than older discoveries.  IOW, the "quality" of the reserves found today is lower.  They peak sooner, and production declines faster than the old finds like Ghawar or Burgan.

Nevermind that discoveries of oil peaked in 1964.  Wells simply aren't found anymore that will produce significantly more than 500kbpd.  Peak oil is a reality and it's a painful one.

Apr 15, 2010 8:29 AM

Yeah...heh.

The best-case depletion rates in the peak analyses were assuming fairly "benign" decreases in production.

I used to tell Douchinger to google Cantarell if you want to see the apocalypse case.  Went from the 2nd biggest oilfield in the world to now a minor producer in the span of just a few years.  Down 80% in production now, had 34% YoY decline rates.  Just horrible.

I have a world oil forecast showing shorter average time-to-peak and steeper decline rates with respect to recentness of discovery.  All the recent finds peak sooner and decline much faster than the old wells.  With the old surface fields, we could see the even 3% LA Basin-style decline assuming they haven't fluffed them up already with 2nd- and tertiary extraction techniques.  Burgan, last I saw was 8% YoY...

But, either way, the more recent discoveries tended toward double-digit decline rates.  It may be that we're about to fall off of a production cliff.  If so, world war will be at hand.

Apr 15, 2010 8:36 AM

Man, do you know how many times I've been banned from TF for trying to get people to accept this?  LOL.

If I were going to stockpile something right now it'd be gold, not because it's realer, but because you can walk with it.

The US's posture into the face of PO will not be pretty and I'm not sure you really want to be here in any capacity during it.

ALL depends upon the steepness of the production decline.  I maintain that we hit the C&C peak in 2005 for all time.  If we collapse like Cantarell, the lights are literally going to go the fuck out.

The biggest issue is the opacity with respect to production from Aramco.  How much water, nitrogen, and everything else have they been jacking into Ghawar?

Apr 15, 2010 9:38 AM

Nuclear won't power cars.

50% or so of the US's oil consumption is transportation.

As far as "looking for oil," if we eliminated all transportation tomorrow, the US would still require importation of oil.  We consume *that much* of the stuff.

Nuclear cannot power agriculture, either.  The real issue is that our way of life is incompatible with a climate of increasing scarcity.  Yet all policies are being pursued which actively ignore that.

This is not the time to be trying to restart "growth."  It's time to prepare for contraction.  That means the elites have to stop the rent-seeking and accumulation of wealth because the overall pie is shrinking that everyone needs/wants to eat from.

Apr 15, 2010 9:43 AM

Ah...Brazil...lol.

You know, maybe it's time you started listening to the experts about oil instead of talking?

The first thing you ought to do is to stop looking at potentially recoverable reserves or oil-in-place and look at the RATE OF PRODUCTION expected from those reserves.  Because this latter metric is the ONLY ONE that matters.

Canada has as much reserves in-place as Saudi Arabia did...yet these reserves cannot be produced at anywhere near the same rate as KSA's could.  Even if we foul every freshwater source west of the Rockies, the tarsands are at MOST 4-5mbpd, or LESS than what Ghawar alone produces.

The Tupi field in Brazil is 8-10Bbbl...yet it will only produce at most 500kbpd at peak.  Carioca has ostensibly 20-30Bbbl but at present not a SINGLE one can be produced.  The field is under miles of ocean, miles of salt, and miles of rock.  At what rate do you honestly expect these barrels to be mobilized to the surface and at what EROI?

The oil problem is NOT ABOUT RESERVES.  Hell, assume reserves are INFINITE.  It's about rate of production and nothing else.

Apr 15, 2010 9:48 AM

Dude...there is NO fucking possible way we could be self-sufficient in oil.  NONE.

If you believe otherwise, you're an idiot.

The US consumes 18mbpd of oil, we produce 6.

There is NO FIELD ON THE PLANET that can produce 10mbpd.  And there's NONE in the US that ever did.  Even the N. Slope topped out around 2mbpd.  This was the biggest find in the US since W. Texas.

You're just utterly insanely out of touch with reality if you honestly believe the US can be self-sufficient with respect to crude oil.  We peaked in 1970, dude.  Look it up.

Apr 15, 2011 1:59 PM

bc it doesn't require any energy to mine anything

Apr 15, 2011 11:52 PM

astroturfing shills should have the brains to at least get an avatar...this shit is transparent

Apr 15, 2011 2:04 PM

shouldn't they be hoarding bonds?  Bc a coupon in a deflationary environment is like printing money

Apr 16, 2010 10:03 PM

If they actually take down GS and the market, the plebes w/ the 401ks will squeal so fucking loud they will demand that it stop.

There is NO politically saleable point now in destroying the market to prove a point to a TBTF.  The market and gov'ts fortunes are now intertwined, and they cannot back this out.

They either inflate or else the gov't goes poof.  Even if they were to crash SP to 333 and drive all the money into "safe" bonds, the crash wave on those would come almost overnight.

Everytime the market drops a whole 100 points people in here get an erection.  Watch it go vertical on Monday

Apr 16, 2010 10:13 PM

You read O's unauthorized biography and you realize they've got him by the balls.  There's a metric assload of Illinois corruption all around him.  A scumbag like Rezko alone has enough dirt to bury the guy, nevermind the entire Chicago machine.

You gotta remember that Congress and O *took the fkin bribes* that got Squid paid.  Squid kept the cancelled checks.

I'm betting this goes nowhere, rather than an outbreak of conscience from a politician who has spent his entire LIFE standing for nothing beyond self-interest.

Apr 16, 2010 10:41 AM

All one need look at is the geography of the Caspian region and where pipeline would need to run.

A few lines on a map tell the tale.

Apr 16, 2010 10:42 AM

They already freakin have one.

How do people suppose that peg is maintained?

Apr 16, 2010 11:11 PM

Yeah...it should be obvious to anyone that members of Congress have been outright bribed by the Squid and its cohorts on WS.  I'm sure they kept the cancelled checks if you know what I mean.

The only thing that will take down the banks is a Hitler figure.  Someone who commands fascist control of the military and has the juice and no dirt.  That's not Bama.  Never was, never would be.  He's too in love with being President to ever try to stake something like this out, and there's enough dirt on him floating around out there, too many connections to Illinois fraud and all the actors around him have gone down.

The SEC is beholden.  Maybe an army of 10,000 lawyers suing on behalf of defrauded pension funds can cause death by 1000 cuts, or there is sovereign weight coming in across the Pond, but I doubt it.

You don't put your CEOs into the Treasury Dept routinely without a LOT of political clout.  That's not going to dissipate overnight.  They have killed investigations by "reaching out" to Senators before.

If GS "loses" this suit, it will be a strategic concession on their part and then they are absolved.  "Mistakes were made," a couple minor heads will roll, and some fines will be paid and then that's the end of it.

The government didn't hand $24T over to these guys if they were seriously considering taking them out; they already had the goods on GS's fraud for over a decade now.  Why pick now to do it?  Why not hit them with it a couple years ago instead of giving the Squid tens of billions?

You don't bail firms like this out with the sweetest of deals and then turn around and drive them into the East River.

Apr 16, 2010 11:18 PM

Show of support from me for pointing out the uncomfortable but rather obvious truth of virtual monoethnicity in high finance.

Apr 16, 2010 11:26 PM

The elites cannot maintain systemic control forever.

The black swan is the next Hitler figure, someone who steps out of the ashes of "austerity" and galvanizes people to see beyond money to demand blood.

The elites cannot control oil production nor can they save themselves from the guillotine indefinitely.

The most likely outcome is the hyperinflationary blowoff.  Look who seized power during the last depression and what was his first act with regard to the currency?  And we had it relatively easy.

All across the globe, dictator figures sprang up, relatively unsullied "populists".  The Age of Debt and Growth is over; nothing can stop what's coming.  A collision between the political class and the financier class is inevitable at this point.

But, I hope the 333 case is right, because I'm eager to start shorting again.

Apr 16, 2010 11:29 PM

I'm not ready to short with abandon until I see oil go into systemic shortage again.

The economy is driven by the availability of energy...we can rebound our production through money cheapness until we hit the overhead supply curve.  So long as there is surplus production, the status quo upward trend can be maintained.  However, I expect this time around that the Point of Recognition that this energy supply problem is not transient to be sufficiently more brutal than the last.

Apr 16, 2010 11:44 PM

Yeah, the gov't debt figures are why I still believe in the inflation case.

Against that, I have to stay long, GS fraud or not.  They don't own the only computers that can fluffer this market.  Equities will do as they do in inflationary climates, and that's inflate.

Mar 09 was when it dawned on people that yes the Fed was really gonna print.  A rise in yields crushes what's left of every debtor, which just happens to be like every government on the planet.

Apr 16, 2010 9:53 PM

Who wants to bet that this will come to a mountain of nothingburger?

We're going to see how much influence GS's hundreds of millions can really buy and how deep in the pocket Obama is

Apr 16, 2011 12:05 AM

gee, that sounds like racism.

why, bc he didn't pay for their gas and mortgages?

Apr 16, 2011 12:11 AM

the middle class is clearly insufficiently intelligent to understand what is going on.

Apr 16, 2011 12:12 AM

huh?  WTF did he say that was racist?

you white uncle toms are the problem.  Do you think that it would have made any difference to a group with an average IQ of 85 who was President?

fuck you with your desire for a "black" President- YOU are the one with the problem here.

Apr 16, 2011 5:53 PM

The Fed is selling puts on treasuries so people will hedge and go long the underlying.  That's  fine.

The downside of this trade is the vaporization of the dollar.  If the Fed has to "make good" on the debts, the only way to do it is to print.  People are as we speak using Brian Sachs as an unwitting fool, a tool to mine the Fed for dollars which they then flow into other "investments."  If the Fed ever stops or even pauses, the deflationary wave will be cataclysmic.  It is becoming more clear that the FOMC and all the regional chiefs have no clue what the NY Open Market desk is really up to in a deep sense.

The Fed is basically guaranteeing losses on Treasuries with dollars (that the Treasuries would pay).  Many parties have levered up in order to take advantage of this but when the trade unwinds, there is a stampede out of treasuries and dollars at the same time as a massive deleveraging.  Imagine trying to sell dollars to delever in dollars...I'm not sure how the hell the trade works.  Borrowing from the Fed to buy Treasuries and having puts on those treasuries written by the Fed; I see no way for there to be material deflation in this.  In fact it would seem to pave the way for hyperinflationary nova in the event that a stampede out of treasuries and resultant extinguishment of debt collided with the massive inflow of dollars on the puts.  I can't imagine at this point where total deflation met total inflation that anybody would have any faith in the FRN.  This arrangement is so silly that it calls into question the currency as a basic premise.

Apr 16, 2011 8:07 PM

you borrow from the Fed in dollars to buy Treasuries which are dollars.  They pay dollars as a coupon.  If you sold treasuries hard, there goes the dollar, but when you delever the trade, up goes the dollar?!?!

How do you then stampede out of Treasuries?  You have puts on those treasuries anyhow, so the Fed has to pay dollars.  If the UST collapses; it IS the dollar, so to speak, as much as the FRN is.  How could we have a strong FRN but a UST complex that has collapsed?

I don't see it as possible that the UST could collapse but the FRN is more worthful.

The end result of the Fed both buying the UST complex but at the same time writing puts on it would seem to be the dollar has to get vaporized.  The government would be in a funding spiral if USTs crashed at the same time as the Fed was making dollar good on massive levered bets against them.  How can this not crash the currency?

This would seem to make possible an outcome where credit outstanding started to collapse even as Fed obligations to pay dollars (but not lend) went ballistic.

Apr 16, 2011 8:38 PM

glocks most certainly do not suck and neither does .40.

There are definitely better arms out there (1911 is NOT one of them) but Glocks are ubiquitous and spare parts are available for these.

Also, .40 is a decent power round, not the best, not the worst, but again, ubiquitous as all the LEOs are pretty much carrying .40s now and Glock is the most common maker.

Apr 16, 2011 8:42 PM

fuck 911 and fuck the police too...a group of C students who rate only below incarcerated felons in terms of sociopathy.

Don't dislocate your shoulder patting yourselves on the back for how heroic you all are

Apr 17, 2010 3:21 PM

Good thing Europe has trains.  Imagine that sort of situation here.

Apr 17, 2010 3:45 PM

Let's see...I discovered Peak Oil around that time and started buying gold at $285 for a Maple.

I said that all the car mfrs would be BK, and my Pittsburgh coworker laughed at me.  At a college reunion in 1998, I said to a friend that the only way out was printing money to our debts and he said that his sister, who was in finance had said the same thing.

Yeah, I been on top of this.  I can show you my forecasts from at least 6 or 7 years ago expecting rogue wave financial events, and a Fed loss of control of the POG.  I also expect Japanese sovereign default.  This was just from stepping back and taking a look at the numbers.

What the future is should appear obvious, but there are many twists and turns along the way.

But it's going to take more in terms of specifics to execute a plan.  Being self-actualized is great until you are in the way of the Wermacht.  The worst part is that if we go apocalypse, blind luck will be as valuable as preparation.  That is the most worrisome element, that the situation is outside of one's immediate control.

Apr 17, 2010 3:58 PM

The Administration and the Congress are too deep into the pocket.  There are too many wire transfers and secret accounts and backroom deals.

Let's suppose the SEC or DOJ *really* goes after Goldman.  How long do you really think this lasts before the MDs at GS threaten to turn State's in exchange for immunity deals, and implicate everyone up and down K Street and both aisles of the Capitol?

Money will change hands and it will be made to go away.  Remember that this is not about right and wrong, it is and always has been about money.

Goldman will be fined...one of the side effects of having only corrupt politicians is that EVERYONE has dirt on them and can be Spitzer'd.  And this goes all the way to the top.  If Bama gets uppity and rediscovers a conscience after being shown a deck of Red Queens, his Kenyan birthcert will pop up somewhere or they'll suddenly find him on tape helping trade his senate seat with Blago on conference for money.

The SEC's moves against the aftermath of the Accounting Reform Act nearly cost them their budget several times. 

Apr 17, 2010 4:03 PM

I have to agree; GS has or will by now have already called all the people that they own.

Now, Senator X may not be willing at this point to directly and actively hinder the investigation, but it will be clear that if GS goes down, they are taking the entire motherfucking system with them.

If the government proceeds in earnest, this will lead to chaos and the disclosure of Pelican Briefs all over the place.

Apr 17, 2010 4:17 PM

If they go after the Street in earnest, expect multiple high-level GTFO retirements to avoid getting strung up along with an avalanche of election cash for the GOP and a political bloodbath landslide in November.

You take a collapsing stockmarket along with rug-pulling of bankster campaign cash and you have the recipe for them to put serious obstacles in the way of this getting any bigger.

We need an entirely new, non-beholden government for this to have any chance of getting anywhere serious.

Remember that the opposition party doesn't care about the truth or challenging the financier elite except insofar as it gets them back into power whereupon they will maintain the status quo as surely as the "End the War" Democrap revolution in 2006 expanded it.

Apr 17, 2010 4:24 PM

You'll know the answer to that if you see a rash of retirement announcements from key legislators and any sudden Spitzering.

Sooner or later, it will be the goldsmiths versus the King.  This tends to always lead to war of some kind.

Apr 17, 2011 10:58 PM

hyperdeflation in CREDIT (which was money) and inflation in unlent FRNs (payout on puts).

If the Fed is writing puts, there is nobody borrowing these FRNs.  They have to be conjured.

If the Fed wrote puts on all these credit instruments, they could vaporize the credit base and replace it with unlent FRNs.

Apr 17, 2011 11:05 PM

nonsense, as stated below.

A UST does not magically get value at maturity, dude.  It has a market price today and every other day.

Its price is based upon the NPV of all the FRNs it will pay over its lifetime.

The Treasury is inseverable from the FRN; in fact there is no such thing really as "cash" anymore.  All deposits get swept into shit like USTs.

The FRN can't go to zero and the UST have value in FRNs.  Likewise the UST can't go to zero and the FRN just skate through unscathed either.  The two are one and the same.  You buy USTs with FRNs and they pay FRNs as coupon and maturity.

Apr 18, 2011 1:39 PM

we had a credible army and navy then

Apr 18, 2011 1:39 PM

enough about fucking Dagong...where the hell are their downgrades to Chinese fraud companies that are uncovered DAILY around here?

Apr 18, 2011 11:15 AM

the dollar is not quality.

At this point the Euro is.  They are actually going to impose austerity and make the PIIGS bitches pay back the core EU bankers the money they invented out of thin air plus interest.

The core nations are going to try to bust out the periphery...this trend will eventually fracture the EU

Apr 18, 2011 12:37 PM

no; your violent crime rate will depend upon the concentration of a certain demographic in the area.  At least that's been the rule for the past half dozen decades

Apr 18, 2011 12:41 PM

well, now that the sovereign indebted itself to its eyeballs to save the banks, now the banks want paid back.

What a fucking con...make good on the banks' bad debts by borrowing from banks (that were themselves totally bankrupt), liquify the banks and now the banks come asking for their money.

We need to straight up eliminate the entire banking system.

Apr 18, 2011 12:42 PM

so the German banks lent the Greeks money to buy German products, maintaining Germany's high employment and SoL and now the Greeks can no longer credibly borrow money but the Germans do not want to let go of their export ponzi?  WTF.

The message from the exporter mercantilists is "god dammit, EARN MORE and BORROW MORE."

Apr 18, 2011 9:43 PM

time to get that geiger counter for my birthday or something...

Apr 19, 2010 2:44 PM

as real as the FRN itself

Apr 19, 2010 2:46 PM

Careful using subversive and seditious terms like "patriot."

Apr 19, 2010 8:00 AM

A whole lot of strenuous wishing going on in these GS threads.

A lot of shorts wanting "fair" valuations of the SP500 and for Goldman to actually get prosecuted.

WTF does fair have to do with anything these days and let's see if the market plunges first before declaring everything well on its way.

Apr 19, 2011 1:00 PM

but...bbbutt...Prechter's Idiot Wave forecast said gold was in "5 of 5 of C of 4 of B" and was going to go to 200!!!  And Douchinger agreed! 

Apr 19, 2011 1:37 PM

joseph's clan is still flipping the CDOs on cheops

Apr 19, 2011 12:52 PM

ammo is much more important to accumulate, once you have a few good guns

why?  You can't carry it with you when the local nuke plant gets a tornado strike and their backup diesels don't work

Apr 19, 2011 2:16 PM

well if you don't wear the pin du jour you will be accused of being AGAINST whatever it is that the pin of the other guy is FOR.

Because there are ONLY TWO STATES of existence.

Apr 19, 2011 2:32 PM

the intel says that this guy is totally disconnected from everything.  Has no interest whatsoever in actually being President, just wearing the AF1 jacket and riding in the plane.

He has no clue about any of this as he has never prepared, knows nothing, and wants to know nothing.

Look at his academic career.  At every point, people took care of shit for him because they needed him around to assuage their jew-sourced whitey guilt.  He's had his ass kissed at every turn by nearly everyone.  So in his mind all the details and all that shit are for other people; it's always been taken care of before, even his opposition in certain political races.

The guy is the archetypical empty suit, popup President, Teddy Ruxpin.  And he WANTS to be.  Those who thought Raygun was a suit; Bama is Raygun squared.  He reads a script and much like most actors, he's a COMPLETELY different person when the script is off.  Take Morgan Freeman for example, whom everybody assumes is deep and wise and highly intelligent as he plays the scientist in this role and the sage in that role and narrates shit even on Science Channel about the Universe.  In real life he's a stuttering DRUNK who banged his step-granddaughter.

Nobody has a clue who the real Obama really is...from the whisper reports, he's a chainsmoking, coke snorting queer.  Does anybody remember this guy from any point in his life?  Nobody knows nuffins.

Apr 19, 2011 2:35 PM

FOAD, mudshark

Apr 19, 2011 3:36 PM

you talk about your son like that? 

Apr 19, 2011 5:44 PM

complete bullshit!

This is NOT what happened to Amaranth.  Amaranth was using GS as a clearing broker, consequently, GS knew Amaranth's positions.  GS adjusted downward at that time, certain commodities' (levered long positions of Amaranth) ratios from its indexed commodities basket, causing a massive wave of selling of the underliers as every fund manager and mooch fund on the planet had to rejigger to GS's new basket apportionment.  You can look up there on the chart and see how the GSCI was adjusted; it was NOT NG that caused this, it was gasoline!  Amaranth's position in gasoline is what undid the fund as it caused a cascading liquidity problem for the firm.

GS then scooped up Amaranth's long positions for steep discounts in Amaranth's liquidation and covered their OWN short positions in the same commodities!

YES, IOW, GS used its knowledge of Amaranth's exposure to mount a speculative attack on the fund due to GS having the ability to control in the short-term the price of one of Amaranth's main leveraged positions.  Everyone should recall the sudden steep drop in the price of gasoline during that period as Amaranth's liquidation of positions rippled through the market.  Also, it served as a serious warning to anyone using a bigger fish as a clearing broker that you, too can get busted out like a poker whale by card sharks at the table (in this case, the table dealer).

Apr 19, 2011 5:54 PM

what clued you in, all the hundreds of billions of Treasuries bought from "caribbean banks"??  LOL

Apr 2, 2010 10:33 AM

R

O

T

F

L

Apr 2, 2010 10:35 AM

They don't have a Navy capable of invading Hong Kong, much less Africa or anywhere else resources are located.

Apr 2, 2010 11:01 AM

Bingo...and everyone, at all levels, is on the take.

They just aggrandized the gov't further w/ health care, got Krugman on Sunday TV talking about death panels, using that exact phrase.  And, guess what...you think the decisions of those bureaucracies won't be affected by bribes and lobbying and monetary influence?

Last time I was in Brazil, it was amazing the lack of understanding they have there, talking about how America is great vis a vis their country because they're so corrupt and we're not.  It took me a few minutes just to explain one method by which our high-level politicians are on the take.  The Jefferson County types do the simple cash bribes that are common in South America, but our Senators are at altogether another level of sophistication.

And nobody wanted to hear it; better to just maintain the dream and the image.

Apr 2, 2010 11:17 AM

Orwell:  in a time of universal deceit, telling the truth is a revolutionary act.  We are in that time.

Nobody wants to hear nor accept the truth.

Even those who consider themselves enlightened about the financial crisis, like the TF cult...go join up and argue with Douchinger about Peak Oil and see how long you remain on the forum.  Even the rational and intelligent struggle to avoid acceptance of the inevitable when they recognize its implications.

All exponential growth systems are INVARIABLY doomed in a finite world.  It has happened; it will happen.

A reality-based cause of the situation in which we find ourselves means a lot more consequences than merely a financial crisis.  Many WISH to believe that we can just "purge the debt" and move forward.  Mostly those who have vested financial interests or some "money" themselves and no debt.  We can just default it, "take the pain" (someone else of course) and get back to happy days and growth.

This is the end of the growth road for now, folks.  It was a great run. 

Apr 2, 2010 11:18 AM

Don't talk about The Tribe like that

Apr 2, 2010 11:24 AM

Can nobody here do a log plot?

The *surprise* at the scalar totals proves Al Bartlett's maxim.

If the debt doubles every nine years, the debt in 9 years will be $24T.  9 years following, $48T.  They will start having to issue $333B per day.

This is the problem with freaking compounding interest and the fact that math entries can continue to grow unabated!  It's why The Tribe was ordered a jubilee every so often; God understands exponential growth.

Apr 2, 2010 11:26 AM

Does Weiss not understand geometric growth either?

Absolutely nothing about this is in any way, nor should be, a surprise.  It shouldn't shock.  It's a necessary artifact of a growth function.  It should be expected.

This may stun and nonplus some people, but our debt's growth rate has been relatively level over long periods of time.

Apr 2, 2010 11:30 AM

You, uh, just said you spent it.

Apr 2, 2011 1:18 PM

nevermind all that, what are you wearing?

Apr 2, 2011 1:24 PM

maybe they hope to encase it in blacks

Apr 2, 2011 12:25 AM

launching missiles is an act of war

Apr 2, 2011 12:54 AM

it wasn't so long ago that France was gungho for war.

Things change.  The japs are peaceniks now but were warmongers 70 years ago.

Apr 2, 2011 5:24 PM

you can barely get a single junk anymore, hasbeen...

peep my skillz beyotch

Apr 2, 2011 5:34 PM

nigga, pleeze

Apr 2, 2011 5:35 PM

blacks are more racist by far than whites.  commit more hate crimes too.  Ballers like Jalen Rose can call Grant Hill an uncle tom; they're even racist against their own, nevermind against players like Peyton Hillis, who got racial taunts in every game he played.  Throw in some "beat whitey nights" and random racial mayhem to go with the 54% of homicides, rapes, and robberies annually...

If black intelligence is superior, I'd like to know why they lacked the written word and any mechanical devices until being oppressed with them by arabs or the chinese.

No time for your whitey guilt, punk...read IQ and Wealth of Nations or any of the dozens of IQ studies.  It's all right there if you aren't too scared to look.

What amazes me is that on a site with supposed "freethinkers," some subjects like this evoke classic pavlovian responses and political correctness cloture along with the classic "YOU RAYCIS"!!!

You bend yourselves into knots to accept a dogma that is unsupported by both facts and common sense.  In fact, the only thing the racial myths have supporting them is propaganda from hollywood and a heaping dose of Orwellian dissent suppression (which you participate in). 

Apr 2, 2011 5:39 PM

In order to do that, they are going to release information that there are no black people there

Oh man I NEVER would have guessed by the almost total lack of violent crime and abundance of high technology, ordered society, and scholastic achievement!

Thanks for the tip bruh!

Apr 2, 2011 5:41 PM

you people are so mindfucked you cannot even laugh at what was a pretty good comedic fodder troll

Apr 2, 2011 5:56 PM

My GARDEN?

Good god, man, what the fuck am I to do if my bugout ranch gets contaminated with Cs137?

In fact, FD1 has more than validated my derision toward the madmaxer ammo stackers with farms.

Gardening in a radiological disaster?  How about GTFOing.

Apr 2, 2011 6:03 PM

I bet it is a SFP problem...maybe a crack.

This is the ultimate Catch .22.  Without water in the ponds, you have no shielding; ambient radition makes access to the immediate site impossible.  And you risk an eventual high temperature fire which would expel lots of core components.

If the SFP is cracked and you spray water, you end up with a ton of highly radioactive water containing core components all over everything, radiation released is apeshit.

Thus, the need to encase these things in some kind of binding resin or concrete, just for the purpose of immobilizing them so then you can cool and get water shielding, effect a pond repair, and then go forward.

Apr 2, 2011 6:11 PM

We need to have isotope analysis...CPM won't tell us jack; have to know the energy of the particles or gammas

Apr 2, 2011 6:26 PM

a lot of those people were eventually rehabitated in other major cities, causing relatively massive crime rate spikes.  I would not have let anybody out of NO to cross into my town either.

Apr 2, 2011 6:27 PM

GEORGE BUSH DOES NOT LIKE JAPANESE PEOPLE

Apr 2, 2011 8:57 PM

it ain't my fault you can't get noticed anymore man...I got 40 junks on that post; that is champagne trolling.

Your jealousy is unbecoming; time marches on.  You're like a woman who doesn't yet realize she can no longer trade on her looks.  I thought you knew.

Apr 2, 2011 9:05 PM

Bob, I never in my life would have seen this post coming from you of all people LOL.  All these hate facts,  you rayciss

You forgot rapes and low graduation rates (even at HBCUs).  I particularly marvel at the ratio of black to white rapes vs white to black...it's a ratio of infinity.  Statistically, there was not even ONE rape by a white man of a black woman in the latest reporting year (resolution is 0-10).  Tens of thousands of the opposite.  Also add drug usage, welfare and SSI fraud, riots, looting, incarceration rates, arrest rates, lower FICO scores (those raycis computers), increased red light and speeding camera ticket rates (raycis computers again).

All these things are surely the fault of white people though

Apr 2, 2011 9:10 PM

bob, we want ANY evidence.

Just because you suggest it's possible, without any proof or evidence to support your case, and then claim that because someone can't prove its not true that this somehow establishes it as probable or conclusively true just doesn't make it so.

At some point, either begin supporting your claims or STFU.  Stop asking people to prove wrong whatever idiotic notion pops into your brain.  The absence of contrary evidence does not constitute evidence in FAVOR of your position.

Apr 20, 2010 1:16 PM

It's coming from government spending.

I'm going to say something very unpopular here:  the Keynesians were right.  Those who say that the only way to have money supply is for the government to run a deficit are correct.  It's an artifact of debt-based money, and the fact that private debt must eventually extinguish or default.

Permanent money supply is only achievable with perpetually growing government deficits.  This is why our debt figures are blowing out.  Private credit creation is in the process of reversing, leading to payoffs and liquidations and assorted deleveraging.  This is the deflationary trend we all see.  However, the interest claims levied upon the money supply at some point will be greater than the money supply itself as creditmoney vaporizes due to default or payoff.  Consequently, government must take up the slack and grow geometrically.

I'm not advocating this system...it's total bullshit, but the math of it makes these deficits inevitable or else the money supply would actually completely vanish in a deflationary implosion.

Apr 20, 2010 1:21 PM

An interesting study is to review the decline of Rome.

The political class became the feudal lords due to taxation policies.  Many couldn't afford to pay the property taxes and ended up selling themselves into serfdom to seek sanctuary under a political class member who could make "arrangements" with the taxmen.  This trend ran for many decades and ended up with a consolidation of land into massive holdings, the precursors to feudal duchies in the middle ages.

Forced production quotas (taxes) ended up making people into serfs.  It was simply too expensive to hold the land.

That appears to be the goal of these elites, to destroy the middle class through "socialism" policies which are really fascist.  I guess this is how after 100 years, the european nobility is not only still around but still lounging in chateaus and driving Bentleys.

Apr 20, 2010 1:24 PM

It's worse than that.

I know a guy who was in a senior position in the Clitton WH.  He's now a lobbyist.  During 2008 he said and I quote "I just don't see an economic crisis.  All the people I know are full-speed ahead."  We went to his $10M house for a party, which he had just built custom.  Pool, waterfall, 3 stories, basically a freaking mansion in the highest-rent geographical location around DC.

The richer you are, the better you're doing.  I imagine that the HC bill and TARP and all the rest of this has been a HUGE boon to those whose business it is to steer money and legislation and peddle influence.  Anyone sucking off the gov't tit is fantastically rich and getting richer.

Apr 20, 2010 2:05 PM

This is because Gold production peaked in 2000 and since, has gone into irrevocably supply decline.

Therefore, the price has nowhere to go but up.  The list of commodities whose supply has peaked recently is growing...an ominous trend.

As long as there is demand against diminishing supply, you have a rise in price.

Apr 20, 2011 10:47 AM

wtf is china going to peg to next, the euro?

Apr 20, 2011 11:37 PM

are you stupid enough to think DXY represents the real value of the dollar?

WTF was gasoline, oil, wheat, anything back then?

I suppose gasoline is in a bubble too...how long has it been since it doubled?

Apr 20, 2011 11:44 PM

COMEX isn't the counterparty; they just arrange the transactions.  They are an exchange.  COMEX doesn't need to have any real metals, as their job is to match a seller and buyer.  Find out who is on the other side of the short positions at COMEX if you want to follow the trail.

There is more OI than silver, meaning a lot of these will be cash-settled, which is the primary function of a commodities exchange.

Apr 20, 2011 12:11 PM

silver is as overbought right now as I've seen anything be in some time.  I would be very wary here.  It needs some time after a huge move like this to burn off the overbought condition, consolidate and whatnot

Apr 20, 2011 12:16 PM

let's see here...the bankers collapsed their banks with vaults full of ponzi debts where they sliced and diced and sold the same mortgage 3 times, then did the same with the slices and dices, resliced and rediced and resold 3 times.

And the shit came apart.  So the gov steps up and GIVES them money.  The people cry...so they step up and then LEND them money at 0%.  The people cry...so they step up and say you borrow money but we will GUARANTEE your debt.  And the people can't maintain attention span and it goes over.

Then what do the bankers running these collapsed institutions do?  They fucking use the loan money to declare record profits (treating debt as a profit) and pay themselves record bonuses and pay packages.

This type of behavior is utterly brazen and totally shameless.  There is not an ounce of contrition here.  As a matter of fact, it's just more abuse.

Apr 20, 2011 2:46 PM

chess using knockoff LV pieces in a room filled with water and air pollution that kills tens of thousands yearly.

Yeah, oh yeah those durned devious little asians have outsmarted us yet again, just like in the Boxer Rebellion and the Opium Wars.

China's $5T economy is a national ponzi scheme.

Apr 20, 2011 2:48 PM

two questions:  how do you expect to get into range of a carrier to fire off such a missile, and how do you expect to get any kind of targeting solution given active ECM that we employ?

You're aware that the Aegis systems can now be configured to fry incoming missiles' electronics?

Apr 20, 2011 2:51 PM

there aren't any aircraft carriers they can get their hands on...they bought a rusted-out Varyag.

China will invade?  Where, Hong Kong?  Even that would be a stretch for their amphibious invasion capability.

Apr 20, 2011 3:53 PM

it's nice to be popular.

the world hasn't ended yet...everyone in Tokyo is not "dead or evacuated," and it's like 3+ weeks since that prediction.

 

Apr 20, 2011 3:54 PM

bitch, I haven't been hiding...

but it's good to see that I'm always on your mind...

Apr 20, 2011 3:56 PM

I've read all the headlines and nobody ever, EXCEPT YOU, has claimed that.

You idiots make me laugh...a lot

Apr 20, 2011 7:37 PM

bonded rounds will not and most jhp rounds at any rate will fly right through car doors

Apr 20, 2011 7:57 PM

WOW...they launched a MISSILE, holy fuck!!!

That's like the first time that's ever been done, right?  And it's terrifying because YOU didn't know it was going to happen ahead of time.

Apr 20, 2011 8:02 PM

7k tops lol

70k?  Very few planes ever made have service ceilings up that high

Apr 20, 2011 8:12 PM

the water was never OFF, Claven!  And there was no berlin airlift of bottles either.

Being mocked by cretins is hardly worth worrying over

Apr 20, 2011 8:15 AM

yuan still at 6.52...WHAT push?  Down from a whole 6.8 over the last year

Apr 20, 2011 8:23 AM

the TSE should have crashed after Fukushima and the tsunami, but look at it...so long as the currency has any power, they can buy the market

Apr 20, 2011 8:26 AM

the problem however is that the Euro itself is totally fucked by the ponzi scheme run between the mercantilist core and the periphery PIIGS.

The ECB *cannot* honestly expect to use the USD as a funding carry currency to try to suck in enough capital to patch over Greece and Portugal, but it appears they may be doing exactly that.

A eurozone nation is currently paying 20%!  This is going to require massive new debt or printing.  Think about what the Fedgov would do if a state went BK.  This is what is going on here.  The euro is going to go through convulsions again and likely the POG will go ballistic in euros when it does, just like last time.

Don't look at the DXY for true dollar value; look at POG and Brent.  When the euro goes through its next inevitable bout of printing, the DXY will spike but nothing will change in terms of the true value of the dollar

Apr 20, 2011 8:40 AM

all our salaries are going down against things from every other country. 

Apr 20, 2011 9:50 AM

China concerned about debt???  Look, the banks are all STATE OWNED in China and they are carrying utterly massive losses on their books in all this real estate.

Who the fuck are they to talk about anything?

Apr 21, 2010 1:35 PM

the UK rightfully ought to implode.  So should we.

But the UK is an agent of ours and there's a significant interlocking directorate between the BOE and the FRB.

Apr 21, 2010 10:27 AM

Herein lies the rub:  the Keynesians are RIGHT.

Yes, they are.  They are right within their frame of reference.  It's easier for us to sit outside of this fishbowl of debtmoney and look and say wait a minute, this particular system is not the ONLY system.  But when, like Krugman, you have existed your entire life with the assumption that that set of rules was THE set of rules, you simply cannot see the forest for the trees.

Krugman may have a Princeton education, but his Ph.D. is in bullshit.

What the Keynesians say is true IS true within the confines of the debtmoney system.  It looks laughably absurd to us "little people" because we haven't been inculcated in the axioms of the economics "profession."  It's a dogma, pure and simple.  These are its believers.

Nobody these days can even have a discourse about Real Bills Doctrine or alternatives to debtmoney.  It's always creditFRNs or the "gold standard" which is a strawman that the debt merchants put up to whack down, and for good reason.

The system we have means SOMEBODY has to go into ever-increasing debt.  The problem is when the usury clan expects real assets in exchange for the diluted paper.  There are probably enough paper claims on real things now such that bankers nominally own the entire world.

You have to ask yourself the question:  how in the hell did they get so much capital to lend such that they can own the vast majority of houses, cars, etc., in the world?  The answer is very clearly that they never had the capital.  Perhaps individual banks ostensibly did, but the Central Bank, the FRB, NEVER did.  Not even fucking CLOSE.

The Central Bank is by definition a check-kiter.  It lent capital that it never had.  The Central Banking scam is clear from investigation into the BOE in the late 1600s.  There may or may not have been ANY capital put at-risk by the founders of that bank.  What IS clear is that they did secondary issuances nearly immediately to back out whatever capital they DID have at risk, paid themselves back any risk capital, whatever...they then put loans to the sovereign as their asset base and began kiting.

I mean, look at the balance sheet of the Fed itself prior to 2008...they had what, $800B, $1T of stated assets and what WERE those assets?  LOANS TO THE USG.  Where in the HELL did the Fed get $1T?  Did ANYONE, EVER put in $1T worth of ACTUAL capital to constitute this bank, so's it could lend it to the government?

Sure, the Fed's initial capitalization was some gold in the basement, but since 1913, it's been a nonstop accumulation of compounding obligations by the government to this bank...you can pretty clearly see that their POMAs involved the purchase of debt obligations, iow a loan to the USG, with money/capital that they didn't actually POSSESS.  Nevermind the way this system radiates out into the larger economy with consumer and financial credit creation.

The money was never there, they lent what they didn't have, from the ORIGIN of this banking racket.

Fractional reserve is NOT the problem.  A goldsmith who retains 10oz of gold and lends out 90, still has nominal assets, bushels of wheat, cows, buckets of coal, or whatever collateralizing the loan.  If that bank gets run, the depositors can recover against the farmer, the rancher, the miner.

The problem and bank runs come when the smith has 100oz and lends out 200.  This creates the inflation, and when he gets run, the deflation and cascading default.  You end up with surplus paper claims on the economy.

Apr 21, 2010 10:45 AM

This article highlights something that goes back hundreds of years.

The Euro is the modern incarnation of the Latin Monetary Union, a Napoleonic invention.

Napoleon was a lot of things, but he was very forward-thinking, and eminently populist in terms of the Code, rights, monetary sanity, etc.

No sooner did the LMU take flight than Britain, with its vampire banking tribe, attack it.  Britain has waged paper war with the Sterling Bill since its inception.

In today's world, the Euro was intended to be a transactional currency, with debt and deficit caps meant to keep not only Weimar from happening, but from BRITAIN or the US happening.  And so...we attack it.  Same old Sterling Bill, except now it's the FRN.  Our bankers cannot take assets from the weaker world if we have to actually cough up something real for our paper.  This is what the BOE and Rothschild types knew.  It's much, much, much harder to lend REAL capital than fictitious inflation capital because in the case of real capital you have to be productive, assiduous, and above all else, actually HAVE IT in order to lend it.

The Sterling Bill concept is much easier, issue them, inflate, deflate, just use "confidence" to prevent a run; worst-case, just declare them void and have the Royal Navy sail. 

So, our WS banks assisted all the weaker EU nations into the Euro, gee, what a shock.  We help embed a timebomb into this currency.  Everyone knows that we are seeing a speculative attack on the flanks of the EU.  Sure Greece is insolvent...who ISN'T?  If Greece takes down the Euro, shouldn't CA+NY+NJ+IL+FL+44 other states bring down the FRN?  Shouldn't the USG's balance sheet collapse OUR currency?

It only doesn't because we are still waging the centuries-old paper war with our own Sterling Bill.  As long as we have the Gulf in our pocket and the petrodollar lives, our currency IS the Sterling Bill.  Call it the Hydrocarbon Bill.  That's the only thing backing it anymore.

Apr 21, 2010 11:04 PM

Debt is a contract.

There is no moral obligation to repay a bank or to deliver on a contract.  We have contract law for that.

You have a moral obligation to repay your friends and individuals who lend you money, but they would not do so with usury.

Apr 21, 2010 11:07 PM

WTF...THEFT?

You people's conception of what debt is is absolutely stunning.

Theft is STEALING, larceny is the unauthorized and intentional carrying off of something that does not belong to you.

Borrowing money with no intention of paying it back is a VOLUNTARY CONTRACTUAL RELATIONSHIP between a debtor and a lender.

Your obligations are spelled out EXPLICITLY in the contract.  The onus is on the LENDER to do their OWN due diligence as to the borrower's intent to perform on the contract.

Apr 21, 2010 11:11 PM

Yes.

If it maximizes your own pecuniary position to default on the contract, DO SO.

That is exactly what your LENDER would do.

Does ANYONE HERE not understand that IN THE CONTRACT for all your precious mortgages and credit cards, it gives the lender the EXPLICIT right to CALL THE LOAN?  They can serve you with notice to pay in full right now at pretty much ANY point.

They don't give a fuck if you lost your job or your kid got sick.  Fuck you, PAY ME.

I have NO idea why people think repaying debt is a moral obligation.  It's not.  We run around like lemmings afraid of a FICO score.

The only reason I do not do what the OP did is because of employment credit reports, yet ANOTHER racket to force people to be debt serfs.

Apr 21, 2010 11:13 PM

Wow...that's an amazing and inspiring story for all of us.

You afforded putting kids through college on a few million unearned dollars.  Awesome.

I, personally, am tearing up at your tale of perseverance against all odds.

Apr 21, 2010 11:23 AM

Yeah...suffering under government-sanctioned monopolies is very trying

Apr 21, 2010 12:25 PM

The "terrorists"?!?!?!

So that's why the fuck we spend $800B a year on "defense"?

Obama is not cutting war spending, he's going to expand the wars as he already has.

Everyone wants Iran.  Russia wants Iran to control the oil and gas assets in the Caspian.  China wants Iran to control the oil and gas assets in the Caspian.  The US/EU want Iran to control the oil and gas assets in the Caspian.  Iran wants nukes so that they can't be had.

We have thrown the Chinese client state Pakistan to the wolves because India is now a better strategic asset insofar as they serve as a regional counterweight to a rising China against the backdrop of a less-powerful Russia.  In the Cold War years, we helped China and Pakistan against the axis of India/USSR.  Now that the USSR is no more, and China has risen so swiftly, we must adjust our strategic posture.  Militarization of India, including a big naval buildout, is necessary.  Russia has its own issues with Chinese power and they are all too willing to help.  Insofar as we desire to elevate India, we need to get rid of the headache for them that is Pakistan.  Expect us to foster civil war there.

Also, Israel's aggression is an inhibitor of forming an arab coalition to take Iran.  This is why zionists suddenly appear to be anti-israel.  We need them to give ground in order to curry favor so that we can "unite" the Gulf states against the Persians.  W and SE Asia are growing heavily multipolar with a lot of competing interests.  The Neocon policy of "conquer them all" has proven unsuccessful, so we must now seek to forge other alliances.  But the end goal remains and there will be no end to the wars.

Apr 21, 2010 3:36 PM

The Fed would never provide an auditor any real documents.  What, so they can say holy shit this whole thing is a SCAM!!!!

Apr 21, 2010 4:05 PM

Or for women, what's between your legs

Apr 21, 2010 4:06 PM

Come over to USTs...we NEVER have a failed auction!

In fact, we have record demand despite record supply.  It's amazing, in fact, just how strong we are.

Apr 21, 2010 4:12 PM

So what does this mean, that this lobbyist I know is going to need another $10M house?

Apr 21, 2010 7:58 AM

How about we break up Krugman?

Apr 21, 2010 9:42 PM

Douchinger?

Waiting to "capitalize" like a good vulture, huh?

Apr 21, 2011 3:28 PM

this idiot thinks we can just sustain this by coming to some kind of "compromise" as if the world and physical reality revolve around the idiotic whims of "Democrats and Republicans"???!?

Apr 22, 2010 1:03 PM

EVERY time anyone objects or tries to do something about the mercantilist PONZI that China is, we hear AGAIN about S-H and the "carnage" of the GD1.

Back then, WE were the mercantilist exporter!

How can anyone rationally discuss how "trade barriers" are a problem for the US when our trading partners have MASSIVE ONES in continuous existence?

Global trade is a one-way street.  And we've let it be that way because the campaign contributions pour in from executives whose bonuses depend upon that.

We should have slapped trade tariffs on China a decade ago for the bullshit they pull, nevermind their yuan peg.  Instead we let business interests who were making money off of this mercantilism through globalization dictate our policy.

What, were you sleeping through the carnage of the past 30 years to American industry?  What we've already GOTTEN is carnage.

Apr 22, 2010 1:07 PM

Again, WHAT?????!?!?

Here "comes" protectionism?

Look, dolts, protectionism has been THE RULE in Japan and China and Europe for DECADES.

Don't act like we're inventing this shit.  These have been sheltered and even off-limits markets for decades.  It made profit sense to american executives to drive their own bonuses up by offshoring EVERYthing.

Now, the jobs are all gone and the electorate is complaining.  The time to have done this was to NOT have passed shit like NAFTA and WTO/GATT.

China steals IP from everywhere WANTONLY.  And you call what we're doing protectionism?  Let CHINA and JAPAN and EUROPE play fair then come whine.  Protectionism has been VERY beneficial for all of them.

Apr 22, 2010 11:18 AM

Honestly, I see it as more sinister than that.

The Democraps are in power and they will suffer the electoral losses (money) consequent to being assigned blame for WS's excesses.

This is an attempt to play chicken with the GOP.  They can put up some finance bill that they KNOW the GOP (also in-pocket) has to oppose.  This will spread the blame just in time for the fall election cycle.  Great talking point to go out on the stump with - we tried to reform WS but the Repugs stopped us.

Nevermind that both sides are in the pocket and nothing will come out of this.  It's political theatre at its core and all about staying in power and maintaining lead-hog trough location.

Apr 22, 2010 12:05 PM

This must be great for the EU export sector to have the euro walked down like this.

Have to wonder if Germany *really* doesn't want this.  Greece collapses, the Euro falls, exports suddenly more competitive, a lot of inflation occurs.  Exactly what overindebted sovereigns would want at such a time.

On our end, we can get support for our weak auctions, then push our currency down too.  A great circle jerk

Apr 22, 2010 12:27 PM

They can't create the growth.  The energy supply has peaked and is in decline.

It's simply game over for growth economics.  All they have now are monetary levers and they're going to find out where that ends up.

ALL fiat currencies are going to 0.  The recognition is out there to discount them because debts expected to be repaid with tomorrow's growth are DOA because with tomorrow comes contraction.

They'll try all their negative rates bullshit and they will end up fucking EVERYONE who has paper wealth and FRNs right in the backside.  At the end of the day it will all be for naught because without more oil you CANNOT have more people driving more cars more miles.  You simply can't have aggregate growth without continuous net energy supply expansion.

You have to remember that EVERY economics treatise or school came of age during a period where oil supply expansion seemed perpetual and infinite.  It was an assumption.  During Keynes' time, the US was 40-50 years away from Peak and the world was 75+ years away.  For a human, that might as well be forever.

Apr 22, 2010 3:49 PM

Apparently I should have put my law degree to use in corporate finance...:(

Apr 22, 2011 1:49 PM

ur gonna need some big bars to get much Platinum for silver, genius

Apr 22, 2011 10:00 PM

I mentioned the same thing during the campaign to Obamanauts...I was like this guy seems to have walked out of a fucking cornfield 8 years ago.

There is very little history of his ever having been anywhere.  He was by his own admission born in Kenya when it benefitted him to appeal to immigrants, and born in the USA (tm) when he needed to be.

The only thing anyone can say is yeah he was in Chicago at Wright's church, but several of the homos who were also there got liquidated similarly to how Clitton's opponents in Arkansas all seemed to have accidents or get gunned down.

I have called him the BankermanChurian Candidate for some time, on ZH as well.  Nobody knows nuffins about the guy and nobody is saying shit.

While there could be a sinister angle, it is far more likely that the type of people who argue with me here over race issues carried Bama's water at every turn.

Who can recall having had a class with any of the "student-" athletes who make the NBA or something?  It was somebody else's job to handle Obama's grades and whatnot; he was groomed for other ends.

Apr 22, 2011 11:00 PM

Tyler, the guy is black.  Therefore, he can do no wrong.  Just roll over and chant the mantra with the rest of the freethinkers

Apr 22, 2011 11:04 PM

yeah, well, when the US *was* the "greatest country on earth," people like Obama were drinking from separate water fountains.

So, take your pick...what's it gonna be?

Apr 22, 2011 11:05 PM

land-owning white males are who we owe this thing we call "civilization" to.

Chew on that for a bit.

Apr 22, 2011 11:12 PM

read the article from the UK from John Cleese talking about why London is no longer an "English City."

And read the comments...the "racism" spectre pops up almost immediately.  If white people didn't vote, the members of the clan who control both the media and the race hustling machinery would go 365black on them.

The term racism was sort of invented by a clan homo sexologist bolshevist (Hirschfeld) and popularized by Trotsky/Bronstein.  It was spun as a particular affliction solely of non-jewish white europeans.  You can fast-forward this orthodoxy in a straight line to today.

Can you imagine a US President saying what Merkel said about foreigners who wouldn't assimilate?  They'd be savaged.

Apr 22, 2011 11:16 PM

that's the difference between racist tea partiers and by-definition non-racist black libs

Apr 22, 2011 11:17 PM

Right on cue, man...with Himmler allegories no less.

No sooner do I say it will be than you yourself show up to prove it thus.

Apr 22, 2011 11:21 AM

WTF are they going to restructure to, infinity years?

This is absurd; the growth of the economy CAN NO LONGER support the paper debts levied by the monetary system

Apr 22, 2011 11:21 PM

The main culprit?  Women, sure...blacks and hispanics, accessories after the fact.  They're not the money behind this system of destruction of our culture. 

Apr 22, 2011 3:00 PM

You have central banking and its bastard stepchild, Keynesian deficit spending.

Government debt represents the money supply lent into the economy.  Bankers, for letting us use their money, expect a percentage of everything we own and do.

During times of deflation, when credit contracts and the compound interest function threatens to implode the entire monetary base, vaporizing all of it in a deflationary catastrophe, governments resort to NECESSARY measures like Keynesian borrowing to maintain a money supply.  They have no choice.   The system REQUIRES perpetually growing debt.  It's either watch the whole monetary system implode and for there to be literally NO money, or else go to the bankers and borrow more.

The problem is the bankers; the compound interest racket, usury, the clan of usury.  Same suspects as always.

Apr 22, 2011 5:12 PM

ROTFL.

Money doesn't MATTER.  Why can't you people figure that out?  If the FRN goes to shit it will be replaced with something else.  GFD, man, there are BIG countries with hundreds of millions in them that are on their 3rd currency in the past couple decades!

What matters are real things like oil.  There is no reason for the ponzi to decide to inflect now other than the energy supply curve that underpins EVERYTHING is inflecting.

All those dollars you have, that anyone has, are merely claim tickets against some real THING that was brought into existence as a result of the application of force over distance, aka work or energy.  The rate at which energy is expended is power.  It's really this simple.

Apr 22, 2011 5:14 PM

this country has a suicidal diversity fetish.  Consequently, we have placed many people into positions of authority who are not in those positions due to merit.  WTF does anyone expect to come of this?

Supposing we desire more diversity on the F1 circuit...should we take Sebastian Vettel out of his car and replace him with a person more racially acceptable?  WTF do we think that person is going to do with his ride, succeed?  Take the championship?  Or crash immediately and not only fuck himself up, but the drivers around him?

Apr 22, 2011 5:18 PM

who cares what he thought about slavery?

You define the sine qua non of life as revolving around black people, an irrelevant failed race with historical achievements of nothing.

Apr 22, 2011 5:20 PM

so you walked in and voted for a failure...that makes you a failure.

Apr 22, 2011 5:26 PM

I see this a lot, what you say.

You are the one with the problem.  Stop trying to fucking control everything.

You need to come to a realization, not the sheep.

And this realization is that everybody is not CAPABLE of getting it NOR of waking up and even if they were, most wouldn't WANT TO.

So why are you standing there pissing into the fucking wind?  You may as well yell at the fucking clouds for raining when you don't want them to. 

Let go of the egalitarian "we all are equal" BULLSHIT that you believe.  And why do you believe it?  It's an even BIGGER delusion than what the sheep cling to.

I guess without it, what...everything seems purposeless?  What seems like injustice becomes just?  You lose your RIGHTEOUS indignation at it all?  This last one is really probably it.

I'll remember what you said about sheep waking up the next time I have one of you "freethinkers" call me a nazi or racist for pointing out simple facts.

Apr 22, 2011 5:27 PM

why SHOULDN'T the rabble be controlled?  They are fucking RABBLE!

JFC, do you expect me to go in front of a herd of cattle and command them to rise up and throw off their chains?  Stop rolling over for "the man"?

Where is the fucking NOBILITY in revolution?  Did you people NOT understand Brave New World? 

I've got bad news, man- YOU are brainwashed.  You and the savage and all the revolutionaries, a bunch of idealist fools.  People are who they are and there's nothing you can do about it.

If you believe in the fundamental "equality" of man, you are brainwashed.  Because it isn't true.

Arab problems are caused by arabs, low average arab education and a filthy religion clung to by people of low average intelligence.  Those who would have a chance to "make it" like in the USA but who can't because of poor bloodlines are the agitators. 

Apr 22, 2011 5:34 PM

so what, you're going to take away the black and hispanic and female vote that elected him?

ROTFL.

The real downside of all these "epiphanies" that "thinkers" get like 10 years after I do, is that the actual SOLUTION to the problem provokes apoplexy.

Most people in this country are so brainwashed by the diversity cult and this absurd notion of "equality" that once they identify the problem, they simply cannot stomach the remedy.  So they just do nothing.

And.shit.just.gets.worse.

I will doubtlessly be blasted as racist or something else-ist by some "freethinker" momentarily or junked by another "freethinker."

God knows that the orthodoxy of "economics" is a joke and is roundly pilloried around here but the orthodoxy of "race" is sacrosanct...LOL LOL LOL

Apr 22, 2011 5:37 PM

yeah...the world seems to want to reject him.

He should take all the things he's invented, which is basically everything, and just go.

Let the women and blacks work a society with all the shit they came up with.

I'm actually half serious.  White men should say ok, fuck you and should take all the oppressive technology of the white man, refrigeration, electric power, modern medicine, all of it, and should forbid its oppressive use onto nonwhites.  Because it's evil white man technology and is obviously highly oppressive, dangerous, and racist. 

Apr 22, 2011 5:40 PM

uneducated (schools are not encouraging creative thought or problem solving),

Schools can't teach that anymore because blacks typically aren't very good at these things and will underachieve and we simply can't have that.

Better to teach nothing so A's can be racially apportioned to "look like america."  Fuck the asian and white students.

Diversity is what matters, not intelligence or actual merit.  Diversity will invent the fusion reactor.

Apr 22, 2011 5:47 PM

Bill who?

I don't get the sense that you guys really fundamentally understand the dominant trends of the past 30-50 years.

ALL things must be sacrificed at the altar of diversity...we will have diversity even if it destroys us.  Skin color matters more than competence and there are tens of millions of people who subscribe to this value system.  Everywhere.

And they in many cases are the ones NOT getting promoted.  And know what?  A lot of them are happy about it.  You will see them making apologias for the murderer of those two Britons in the Sarasota ghetto.  They're everywhere.  And they are not only suicidal but they want you to die too.

They want the noble savage to kill them AND you.  It's some kind of perverse self-hate they are inflected with and this permeates throughout western culture.  The slavs seem to be resisting, however.

Apr 22, 2011 8:55 PM

Wow...what a veritable cornucopia of logical fallacies.  And you try to patronize me at the end of it, LOL.

Apr 22, 2011 9:04 PM

I don't care about your gf dude...nobody does.  Who gives a shit?

Her culture is a mess, huh?  Who made her culture?  Her race's culture is something you'd expect from people who are, on average, stupid and violent.

The statement about DNA is irrelevant.  Much of our genome is shared with yeast...so what?

Our brains are not identical and I challenge you to submit evidence that they are.  EVERY SINGLE physiological study shows disparities in brain weight between races.  All of them.  Whether or not you like to mudshark changes nothing.

Apr 22, 2011 9:11 PM

more incoherent "we're all the same underneath" nonsense from another "freethinker" PLUS a junk!  Too much LOL.  Do you think I give a fuck if someone like you junks me? 

You must be apoplectic that history played out the way it did seeing as how we are all the same.  Universal intellectual capacities...HAHAHAHAHAHAHAHA.  You have zero evidence for this, yet you state it as some kind of "conventional wisdom"

Black Africans never went much of anywhere, no.  As a race, they have historically showed little interest in discovery or exploration.  What they lacked in interest, they lacked tenfold in technology.

All your stupid insults about my heritage are wasted; how do you even know I'm white?

People like you really are pathetic.  You are incapable of a coherent argument, and try to emotionalize everything.

Apr 22, 2011 9:17 PM

you are utterly fucking insane.

People like you are the problem...your race's "bloodstained" past?  WTF race doesn't have a bloodstained past?  And wtf does any of it have to do with me?

I'm not liable for the sins of people who looked like me.  I'm not even responsible for my daddy's sins.

The xeer is a joke and so is your love of blacks, mudshark.  As for Ricardo's Law, it is irrelevant, unless you propose to move people like you to Africa where your standard of living can be increased to infinity.

Got a question...how are you using the internet in Somalia?

Apr 22, 2011 9:19 PM

nah, I didn't waste my vote; I voted for someone who would have actually meant a change.

That was not Muhcane.  So your guy won the popularity contest and now you are sitting here saying oh shit.  You got made a fool of and conned like a mark.

And now you want to try to pretend like "who knew?"  I knew.

Apr 22, 2011 9:20 PM

LOL...you are blaming the white people for the faults of arabs?  Wow.

See what I mean?  As soon as someone posts on this, you cannot HELP but parrot what your conditioning has convinced you of.  The bottom line is DO NOT QUESTION DIVERSITY AND POLITICAL CORRECTNESS.

I wish you were as smart as I as well; this conversation would go a lot more smoothly.

Apr 22, 2011 9:24 PM

Of course my analysis stands up to scrutiny.

Your counter "argument" (I'm being generous) is what doesn't, because you seem to regard ancient history as somehow relevant to now.  Then you go and talk about Al Qaida or something.  And then Christianity.

I'm not entirely clear on what the fuck you are trying to even say, and neither are you!

Because all you are doing is kneejerking some memorized shit in a pavlovian response to an attack on your DIVERSITY/POLITICAL CORRECTNESS reality.

I'm trying to unplug YOU from the Matrix and you are fighting me over it. 

The problems of the "human condition" INVARIABLY trace to the SAME ROOT CAUSES.

Apr 22, 2011 9:28 PM

FIGHT TO DEFEND YOUR DIVERSITY/PC FAIRY TALE!

Don't LET THEM UNPLUG YOU FROM IT.

DIVERSITY IS RIGHTTHOUGHT.  Strength through Diversity.  TRIPLE plusgood.

The greatest human achievements in history were the most diversitized (actually, the opposite is true).

Find yourself a PCZeroHedge.com and flitter over there

Apr 22, 2011 9:28 PM

fuck off, Cweed.

you need to wake the fuck up, son

Apr 23, 2010 1:04 PM

The euro was originally intended to be a production-backed currency.  Not quite asset backed, but with strict limits on debt-to-GDP so that it could avoid what has happened to the FRN.

The error was in allowing states that wanted to be like the US to enter the union instead of letting the FX take care of it.

Also, the exporters have discovered that backed currencies don't let you play mercantilist games by lowering real wages through currency debasement.

There are those who argue that the debt-based fiat stuff outcompetes backed currencies through speculative flows, ending up destroying them.  It's like how a parasite may endow its host with superior attributes to an uninfected cohort.  The parasite then has its roided up host kill noninfected peers in order to spread its dominion.

The Sterling Bill was the first true global fiat instrument and it was wielded as a tool of Empire and used to attack nation after nation, to kill their local trade and currency systems and replace them with a network of global seigniorage for the BOE.

In fact, BW was a mimickry of the Sterling Bill's mechanics; both in terms of its usage in global trade along with its ostenisble nexus to specie.  The reason we didn't get away with it as long as the BOE did was because of the H Bomb and ICBMs.  It was clear that we could attack the periphery, but a move against other core sovereigns would have precipitated Atomic War.  The new carry trades are legacies of what the Sterling Bill was...inflate, then deflate.  Speculative flows from "sterling" currencies cause massive booms and busts in the developing world over and over again.

In the end, all the national assets belong to foreign corporations or the multinational banks.  This is a centuries-old system.

Apr 23, 2010 10:31 AM

Long euro signal, then?  GS has been a fade so far

Apr 23, 2010 10:35 AM

They can't allow Greece to go BK.  LEH proved that you cannot allow ANYTHING to go BK or else the entire system cascades into collapse.

EVERYthing is so overleveraged and EVERYone is BK!  It really is a bunch of stacked dominos.

If Greece defaults, nevermind the CDSs, there is so much nominal exposure by EU banks and US banks to their paper, that the losses on those will drive up spreads and cause insolvencies all over the place. 

The banking clan has managed to put EVERYONE into infeasible debt and the entire world monetary system threatens to implode.  There really is no Plan B for when credit cannot continue to grow unabated.

Debt based money in a contractionary macro climate is toxic and fatally so.

Apr 23, 2010 10:37 PM

Why not just say you earned $405k?  Or 505?  Why not make the lie as big as possible?

Even if worth a few million, I know people worth 10x that who have significant gold holdings.

If you hate gold bugs, go on over to TF and you'll find lots of friends there.  You can regale each other with how much your FRNs are soon to be "worth" and have a big circlejerk.

Apr 23, 2010 10:45 PM

When you have 2 defacto reserve currencies at 0%, it's hard to see emerging markets not bubbling like hell.

The mature economies won't be the beneficiaries of all this free credit; that's the conundrum.  Liquidity trap.

Apr 23, 2010 10:49 PM

Did the war cause the terrorism or did the terrorism cause the war?

If war is big business, 911 sure was a helluva windfall.  Just sayin'

Apr 23, 2010 12:20 PM

I agree with you 100%

Gold is useless.

I have decided to store ALL of my wealth in the form of paper notes of a bankrupt sovereign and in negative interest rate loans to insolvent institutions.

CASH AND MONEY IN THE BANK BIATCHEZ

Apr 23, 2010 12:25 PM

Your FRN will be at .50

Just like it has been throughout its history...on a march toward 0.

Paper is the failure.  If the EU comes apart, what happens to the cash is king euro crowd?  They're all fucking broke.  Just like those who stockpiled rubles in 1989.

I'd rather stockpile oil than gold but I don't have my own tank farm.

Apr 23, 2010 12:29 PM

You freaking idiot...you can't GO BROKE holding gold.

It's a REAL asset, not a PAPER asset.

You can go broke with stocks, bonds, cash, and all other PAPER CLAIMS.  You CANNOT go broke holding gold.

There's no leverage in REALITY, ok?

People think gold is a "position"?  LOL.  It's a stack of bars or coins in a lockbox somewhere.

Apr 23, 2010 12:34 PM

Didn't I just say on the GS says short Euro thread to FADE the squid's PR?  Like fuckin clockwork...

Again, who cares how many FRNs an oz of gold fetches?  The FRN is a piece of garbage.

We're staring the complete collapse of a MAJOR world transactional currency in the face, the #1 component of the DXY, and the #2 in EVERY currency basket and people are shitting on gold or fretting over the "price" figure on it?

JFC, the Euro could well go to zero in front of our very eyes just like the ruble did or any of a dozen "pesos" over the last just 20 years.  Currencies collapse - it happens.  They're paper confidence schemes by definition.

Might as well argue over how many angels can dance on a krugerrand.

Nobody who stockpiles any tradable real commodity will get any beef from me...pick your poison and go with it.

Apr 23, 2010 12:47 PM

Agree 200%.

It's a damned good thing that cash never crashes to 0 value.  I'm still holding vast stockpiles of rubles and cruzeiro reals along with a freezer full of argentine pesos.

Soon as I get my shit together, I am bugging out to the USSR and taking my hoard with me to live the high life.  Gonna stop en route in Brazil and Argentina and FX those notes into Iceland krona which should be more useful in Europe.

Apr 23, 2010 12:52 PM

So then STATE AN ALTERNATIVE, douche!

STATE IT.

Apr 23, 2010 2:31 PM

Wrong.  Money is whatever two people agree it is.

Gold is a commodity that people value.

There are zillions of others.

I would personally rather stockpile oil.

Apr 23, 2010 2:50 PM

Given the realities of debtmoney, and the deflationary impacts of default, at this point in the leverage game, default of any kind must be prevented.

LEH nearly caused the end of the world in terms of debtmoney.  There were multitrillion dollar runs on accounts all over the world unfolding on Sep 18.

The entire world's CP market froze and is essentially still frozen.  Every single credit conduit ceased and had to be replaced by central banks.

What this means is that credit ceased to become money for a time on that day.  You could not trade credit.  Cash accounts were still worthful, but the picture was clear that there would have been a collapse in that shortly thereafter.

All it would have taken was inaction by the Fed along with a price breakout in oil or gold and the whole thing could have come apart, irrevocably.  At that point, nobody would have traded cash for anything real, either.

This is the conundrum that deflationists misunderstand - the window between worthful- and worthlessness for cash is very short.  If you want something *real* during a financial crisis, you best have it in your hands ahead of time.  You may find those who have it unwilling to part with it for your paper until the dust settles on what that paper will eventually be "worth."

In the teeth of a deflationary implosion, credit is worthless.  All forms of coupon paper were collapsing...even pricing something like CP or MBS during those days was impossible.  The market was reading "no bid," IOW 0.  So, for a time during the Sep swoon, anything with a counterparty was afforded a 0 market price.  The things standing were cash and real assets.  Parties only needed cash to settle accounts and to "fund."  Once the Fed stood in to lend to everyone, the acute crisis abated.

The confusing aspect of it was the paper prices of commodities, which fell dramatically while at the same time they became relatively unavailable for purchase, suggesting a real price significantly higher than the futures markets were quoting.  Buying retail gold at spot during that period was impossible.

However, given that every single deflationist has stated their intent to "get out" of cash at the right time, it's clear that the desire of people to get clear of paper within a short period after acute crisis onset would have caused a hyperinflationary supernova, meaning that within a few days or a week perhaps, people would not have parted with real assets for paper as hoarding and scarcity became the rule and market pricing mechanisms broke down.  I submit that the POG at $715 when every retail dealer across the internet (even large ones) had no supply and was quoting at $100 over spot (which was gone immed) suggests that the very initial phase of pricing mechanism collapse was underway.  Either the dealers were hoarding expecting that the dollar price was a de facto error or their wholesalers were, under the same presumption, or the mints or major sellers were.

It's instructive to examine the price trends during that period as insight to how wide the window to get out of cash will be.  WTF good is a futures price of $715/oz if nobody will sell it to you at that?

Apr 23, 2010 2:57 PM

And yet there are still those who do not believe that banks create money or that the Fed cannot be insolvent.

We will lend the IMF money we don't have in order that they can lend it back to us.

ALL HAIL THE FRN.

Apr 23, 2010 3:10 PM

The Greek People DEMAND PRINTING.

They cannot understand that the cartel that controls "money" has the right to issue this shit and have it have value whereas they do not get to do that.  It's seigniorage!  And you ain't the king. 

No, shit, national production is inadequate to FUND the consumption of the Greek People, consequently they have to go to the seignur and get paper that people respect.  And there's a price for that, Barbarian.

The price is that those who control moneyness will eventually TAKE your fuckin land and cattle and daughters and wells and mines and EVERYTHING because they have the power to bestow moneyness and you DO NOT.

And they only have it because of idiotic consensus opinion.  Or they have some pictures of a vault full of gold.

Apr 23, 2010 3:13 PM

This GS announcement must mean qual flight unwind imminent.

A significant EU deal must be in the works, so short the DXY, long everything else.

Apr 23, 2010 3:16 PM

That was before the evil white people who destroyed the noble native culture were driven out of the country, setting everything to right again.

Apr 23, 2010 3:37 PM

The Blue Pill?

ROTFL.

Do you think that your take on Real Bills Doctrine that you've articulated here is novel?  It's ancient.

I've suggested it myself a zillion times.

Apr 23, 2010 3:44 PM

There are two kinds of people holding gold, dude...

Well, maybe 3.

Those who want it to "go up" and who are specs.  The other are those who use it for wealth storage, divided into 2 camps, one that says this is a commodity like any other just more convenient than others for this purpose, and the 2nd who says "gold is money."

If your beef is with the 1st group or the last, then make it so.  Don't tell people who are acquiring gold as a real commodity to hold value that they are idiots because your alternative is FRNs.

If you prefer platinum to gold or oil to gold or wheat to gold, say so.  There is no difference between all these commodities in terms that ALL are fucking commodities that have real value.

I have repeatedly said that Real Bills Doctrine is the answer, that ALL things as well as IP and the time of experts should be discounted with Real Bills.  The system is perfect in its simplicity and that banks' function would be to create liquidity in a market where a farmer might have to trade 100 bushel wheat notes for a bucket of coal note and the harvest hasn't happened yet.  ETC.

Gold would be but ONE component of this.  All tradeable commodities would use marketplace pricing just like forex.  A unit of gold would be assigned worth of other units of coal or cattle or land by the marketplace and vice versa.

Banks would simply be respected liquidity providers whose job it would be to move THEIR commodities and more easily tradeable goods in lieu of less portable items.  A rancher trading cattle Bills for a haircut is impracticable, whereas a banker possessing NG or oil or gold or silver Bills could facilitate such a transaction.

Apr 23, 2010 3:46 PM

The answer to WHAT QUESTION, you freakin idiot?

Apr 23, 2010 9:48 PM

No, that's not what RBD is at all.  All bills are REAL bills.  Not credit, not funny money.  Everything must tie to something that can discharge within 90 days.

Banks can only discount and issue against real goods...that is the rule.  There is no inflation nor debt+interest.

Apr 23, 2011 1:24 PM

I know long term but I can't tell you in terms of dollars.

The US game will only come to an end when there is a mass repudiation of the FRN.  No sooner, no later.

That's how it always happens.  Nobody can really predict the moment such a thing dawns to collective Point of Recognition.

The Roman Empire collapsed over a far longer period than it took to read about the collapse.  This error of assuming the few minutes it takes to read the Wiki on Roman Empire Collapse is equal to the time it took for it to actually happen is a common one.

Apr 23, 2011 11:20 AM

Busch Doctrine on steroids

Apr 23, 2011 11:28 AM

bullshit.

The USSR collapsed and life went on.  There was no mass starvation.

Everyone thinking our stupid little empire is really THAT important- it isn't.

Apr 23, 2011 11:59 AM

Ignorant?  ROTFL.

You can call me a lot of things, dickhead, douchebag, asshole, whatever, but ignorant isn't one of them.

You claim I'm ignorant because I am suggesting that reality is OTHER than your conditioning?

What EVIDENCE do you have to support ANY of the claims made by the guy I responded to?  This shared heritage of cognition...where the fk did THAT come from?

We're all the same?  Really???  You believe that?

You people are totally mindfucked...you won't take the red pill because your very complete psychological conditioning makes it seem like you'll just die if you do.  Matrix writ large and the sheep here are living proof.

If we're all the same then we don't need black diversity.  Thanks.  We can go around as many times as you want in this and you will lose at every turn simply because your argument isn't supported by any facts or any logic.  It's a dogma.  Wake the fuck up and look around you.

Apr 23, 2011 12:08 PM

YES!

I'm glad you brought this up...environment DOES activate or deactivate genes.  Totally true.

Now, here's a riddle, what would you expect an environment created by violent, aggressive, and antisocial people to do to genes of offspring?  And what would you expect the environment of smart, organized, social, civilized people to do to the genes of their offspring?

This stuff is so effing patently simple if you look at it with your left brain and forget all the programming you've received about the danger of even thinking these thoughts from the MSM.

Apr 23, 2011 12:16 PM

I'm saying that this forum has a bunch of people who studiously pat themselves on the back over their socially accepted "freethought."  They think of themselves as progressive or alternative because they have discovered some shit about PMs or the Fed.

But when you bring up anything too near the edges of politically acceptable discourse, they revert to PURE sheep.

Go onto some open forum and post this shit about the Fed or Obama.  Watch THEM call you a nazi and a racist.

That is what I get called.  Should start seeing some parallels here.

Apr 23, 2011 12:21 PM

what you say is absolutely FALSE!

The black children of wealthy blacks score at about the same level of scholastic aptitude as POOR WHITES.

In fact, there are a number of studies, one of which was commissioned by WEALTHY BLACK PARENTS to have a black scientist analyze their kids and figure out why they were doing badly!

The things you believe are not true, ok?

I care not for race much because I deal with individuals.  Let them stand or fall on their own merit.  Just recognize that given the disparate distribution curves that you will not have a race-neutral outcome.

This will be true if you fund sickle cell anemia or use merit-based admissions or administer a 100m race.

Apr 23, 2011 12:23 PM

if you don't like WASP society, renounce the internet, medicine, and the car, and float back to Africa.

You can die of malaria or acquire river blindness or some other parasite that the white man oppressed out of existence centuries ago.

Fuck you and your race-baiting, btw.

Obama is not the cause, mentally ill lovers of 365black like you are.

Apr 23, 2011 12:26 AM

this is the rule in most places, and why the western white "rule of law" is so exceptional.

Corruption, however, is infecting everywhere.  I was talking to a belgian businessman in serbia whose problem to get some business running was to "find the guy whose hands I need to put the $400,000 into"

Corruption like this leads to and persists dark ages

Apr 23, 2011 12:30 PM

maybe he slipped and banged his head into Moochelle's pubic bone

Anyway, my point stands; he seems to have walked out of a cornfield 8 or so years ago.  Nobody knows anything about him, sort of like Michael Knight except without the cool talking car.

Apr 23, 2011 12:31 PM

yeah, when I see Idiot Abroad watching chinks eating fucking insects on a stick I KNOW that eastern civilization is superior.  Or maybe it was the lack of toilet paper...and toilets.

How many chinks been to the moon?

Quick question...why do you hate yourself so much?

Apr 23, 2011 12:40 PM

SBPDL may have a link to the Cleese article...otherwise you can probably find on google.  It was UK Guardian I think.

I've already read MacDonald years ago and watched "Defamation."

I have been one who "can see" since I was like 18 and my upbringing was such that if someone called you a racist, you got into a fight over it because it was conditioned as worse than a child molestor.

I know full well how the clan works and why the "Holocaust" happened.  The bolshevists were predominantly jewish, something that has been conveniently swept under the rug.  The race hustling machinery in the USA, the NAACP and SPLC are jewish and obviously the ADL is.  These organizations were founded by the same group of marxists as were contending for power in post-Weimar Germany.

The slavs are the white future because they straight up will not listen to this crap.  They tried the antisemitism crap on Putin when he ran the oligarchs out and it failed miserably.

My worry is that anglosaxons are going to awaken one day and overreact.  The savaging of Helen Thomas for speaking the truth gives me concern about the eventual outcome.

Apr 23, 2011 12:56 PM

the 4th dimension?  Like where the fuck is that?  Nubiru?

Frequencies adjust? 

Good god man, get a grip.  STFU first tho.

If this was your attempt to "counter all the hateful shit" I've been saying, then you need to get back into the workshop...seriously.

If you can't yet figure out why several thousand years ago isn't irrelevant to NOW, then I can't help you.  Honestly, you're beyond help and you need to find another frequency.

The biggest factor in us all is our heredity.  This is why when you raise a chimp as a pet, it does not end up going to college and studying what you did.  It's because it is a chimp.  It's not going to be changed materially by its environment. 

 

The problem here is that I state facts that people don't like.  When I say "blacks have historically showed no interest in technology or progress," I am stating a FACT, one which is pitifully easy to prove or refute simply by looking at history.  Now, you may question my motives for speaking that fact, but you simply cannot dispute the fact by claiming that my motives are hate-oriented.

This is why these types of facts are called "hate facts" among people who can see.  Because if you speak them, you are automatically assumed to be a hater.  Now, what could possibly make someone assume such a thing other than conditioning?  And why make that assumption if not for the VERY reason that it gives you an EMOTIONAL basis upon which to refuse to address the fact?  Soon as your opponent is "Hitler," you do not have to even agree with him that 2+2=4, because he is distilled evil, right?

I can state a lot of unflattering facts about blacks, whites, asians, or any group.  But stating them about whites will NOT evoke your reaction.  Stating them about any other group, especially colored, will.  So what does that say about you?

I mean, go ahead and shoot the messenger; the FACTS REMAIN.  Even if you cretins could manage to silence me once and for all, you CANNOT SILENCE THE FACTS.

The facts' incongruity with your fairy tale are what are causing you this psychological trouble, not my reminders to you of the facts' existence.

Apr 23, 2011 7:03 PM

look at Mexico too, or Indonesia

Apr 23, 2011 8:06 PM

no; if it comes to it we will just destroy China.

Apr 23, 2011 8:08 PM

who did? other caucasians?

Let's see here...Greeks, Romans, Turks, Persians...seeing some parallels here?

It was never the africans, nor the arabs...east asians weren't a factor until the renaissance where whites traveled there, not the opposite.

And yes, you are still racist; blacks will fail that test in abundance and there won't be very many black voters.  At 120, you are 2 and change sigmas from black mean IQ in the US.  Gives you a percent or so that will qualify.

Apr 23, 2011 8:16 PM

the way you people talk, you'd think Paylin collapsed Alaska totally and destroyed the entire State.

Last I heard, it was doing ok even with her at the top of its political pyramid.

Was never a fan of her beyond her tits, but still don't really get the hatred and the idiotic shit you say about her compared to Blama.  Blama is a motherfucking Teddy Ruxpin who's never held a job in his goddamned worthless life.  I doubt he went to a freakin CLASS even in his entire college career.

He's a gigantic NOTHING, a "concept" into which idiotic stupid white fuckers pour their racial guilt and hopey dreamy nonsense fairy tale wishful thinking.

How in any way could Paylin have been worse?  I mean, we hear minute by minute how the Prez is a fuckin puppet...she was going to be NOT a puppet??  If so, then HELL YES, vote for her and the wooden indian mfer and hope he dies!

ANY non-puppet at this point is a step forward.

So what would Paylin have done WORSE?  Could she have been MORE for Wall Street, gotten us into more wars?  I mean, what exactly was the downside? 

Apr 23, 2011 8:26 PM

I laugh at what you call "civilization," dude, just as I laugh at you.

You still haven't answered why you hate yourself so much.

Who cares about some civilization 10,000 fuckin years ago...wtf does that have to do with today?  Nothing.

Apr 23, 2011 8:38 PM

ROTFL...so you assert that blacks have historically showed an interest in technological progress and advancement but that the TRUTH of this has been hidden...

LOL; a perfect circular argument, eh?  You provide no evidence and cannot because the evidence is suppressed somehow by some Potent Actor.  Just trust you; it's there all right.  Certainly nobody can see it and there's no evidence whatsoever anywhere for it, but it's somehow true.

Why?  Because it would seem nicer if it were.

Blacks can't have lower average IQs and higher propensities for violence and antisocial behavior; they just can't.  Just 'cuz, right?

Blacks are jailed more frequently because they have a higher propensity to commit crime.  Slavery has not a fucking thing to do with this.  Neither does income.  Richer blacks have as high violence rates as poor whites.

Look, it's as simple as that you have causation backwards; CRIME causes poverty, not the opposite.  Law enforcement is NOT biased.

You want evidence?  You can find it...blacks have lower FICO scores, get caught more frequently (at similar rates to real live arrests) by fucking traffic, speeding, and redlight cameras!

So you think the computers are racist too?  The cameras are raycis?  Don't be a fool.

You blame this mythical white racism for all the actions of blacks.  Other groups come here in great poverty, yet don't resort to violence.  Countries and masses of people are VASTLY poorer than american blacks yet have far lower levels of violence.

I don't know what more I can say to you man; you entire argument is based upon illogical conclusions, false premises, and is totally unsupported by any fact!

Black crime rates are higher everywhere, not just here.  Look at england's data, France...anywhere.  I dare you.

Look at crime rates across income spectra; the racial groups break down the SAME.

Open your freaking eyes and look.

Apr 23, 2011 8:42 PM

Don't tell me what is in my mind, you ain't Ms. Cleo, dumbshit.

There are millions of toothless white trash out there, the problem is that most of them have IQs above black average.  Their crime rates are VASTLY lower than equivalently situated (socioeconomically) blacks.

These are simple facts.

I think I have very clearly stated in the past that I would sterilize these people too.  Does that make you feel better?  Or are you going to make some stupid shit crack about that now?

The "N word" rolls off your tongue, don't it?  And in the next breath you call me a racist...LOL.

Racist has no meaning anymore...so go fuck yourself.

Apr 23, 2011 8:54 PM

lemme guess, another DWL living in a whitopia.  WTF is wrong with you people, some kind of mental illness?

You drop the N bomb and you think, what, that because you profess this equality shit from your white society far removed from the blacks you flee that somehow you are entitled to use this word because you shit on your own kind?  Wow...totally mindfucked.

Apr 25, 2011 1:30 PM

Washington CityPaper didn't call him Eric "Place" Holder for all those years in the 90s (when he was US atty) for nothing

Apr 25, 2011 1:33 PM

Big nothingburger.  The guy was in unallocated; it says that you cannot take delivery.  He's a dumbass for thinking he could.

If COMEX can't make delivery, it's not COMEX's fault; it is the fault of the shorts who don't have the metal.  Futures exchanges aren't meant for buying real commodities, only price fixing in currencies.

Apr 25, 2011 10:04 AM

Why do you idiots keep repeating this "fault line" bullshit?

The entire nation of Japan is a fucking fault line.  The earthquake did not strike UNDERNEATH THE PLANT, nor was the fucking earthquake the CAUSE of the disaster.

A tsunami was!

Apr 25, 2011 10:08 AM

124cpm at elevation next to GRANITE?

become educated.

Apr 25, 2011 10:11 AM

Uranium is too heavy to carry across the ocean via these means

Apr 25, 2011 10:21 AM

everything got slapped down off the frothy asian highs...chill out

Apr 25, 2011 10:22 AM

dltd

Apr 25, 2011 10:25 AM

let them fight over it with the paper...shit goes up, shit goes down, whatever

Apr 25, 2011 2:28 PM

you were in April 20s?  And you "rolled them"?

So you mean you took the $0.0 they were worth and did what exactly?

Apr 25, 2011 2:28 PM

it's bc you give off a really gay vibe they are drawn to.

Apr 25, 2011 8:10 PM

did AP mex morph into CO mex?

Apr 25, 2011 8:14 PM

why don't the other dealers just arb into this?

Apr 25, 2011 8:27 PM

Was a decent interview, dunno what all the crap was about.

He doesn't do a particularly good job articulating that he believes in the rule of law and that the authority to spend on whatever is not given to Congress under the Law.

Whipi was a good example of a libtard, first by trying to carry the water for the Black Man and then with the Planned Parenthood social wedge issue

Apr 25, 2011 9:54 AM

But, Barack Obama you turn out for in the tens of thousands to worship his shit, huh?

Why should anybody give an utter FUCK what you people think when you rallied for the clown we have now as if he were the 2nd Coming?

Apr 25, 2011 9:56 AM

Why the fuck these commentators cannot understand that China is a DERIVATIVE PONZI atop the FRN is beyond me.

YES, if our monetary system is a ponzi, China is a ponzi^2.

They cannot survive parity or nonzero ROI.  How many empty cities need to be documented before these people with their linear extrapolations get real?  China will have to double their empty city count, double the idle factory count, etc., to reach these figures.

There isn't enough oil supply anymore to permit all of this.

Apr 26, 2010 12:42 PM

You must default when it makes economic sense to do so.

Your lender would call the loan if they were entitled to do so and it made business sense, and they would default on their own obligations if it made sense to do so.

stop confusing a contract with a moral obligation

Apr 26, 2010 3:58 PM

GLD bitches?

Apr 26, 2010 4:56 PM

Yes...the intelligent and astute investors among you dumass goldbugs have invested heavily in it.

I have a vast stockpile of rubles in my bugout bag and I'm moving to the USSR when TSHTF here.

CASH IS KING

Apr 26, 2010 5:00 PM

So a negative lease rate means what, that holders were paying those with cash to borrow their gold?  WTF

Apr 26, 2010 5:01 PM

Yes, Pt at nearly the POG in 08 was the buy of the century in metals.

I'd love me some Pt but the spreads are whack on the 1ozers

Apr 26, 2011 1:26 PM

I have to come to the same conclusion.  Either the Fed pissed in his flakes or else he's got a conundrum in terms of the expected return of his AUM.  He can't make his numbers on the pisspoor yields that the UST is paying.

So he has to hope for better absolute returns in deflation.  He wants austerity so he can be a "wizard" and lock up bonds at higher coupons and keep TRF humming along before his flock deserts him.

Gross doesn't fucking care about the country; he cares about making his numbers.  Funny how the assholes who profited the most from the bond runup are now demanding that their cash become more worthful.

Apr 26, 2011 1:28 PM

this shit caused the last Holocaust.

A sliver of one clan ended up, through their control of the monetary machinery, with ownership of the entire nation.

We must hope that we get someone like Putin who only levies his sword against the sliver, and not the entire group.

Apr 26, 2011 1:38 PM

So Congress pitches in with $350M of cuts to defend the dollar??  And this is fiscal sanity?  This is the best that can be done.  How the hell does our balance sheet not implode.  Congress will turn on the banks and bankers as soon as they are not fed; this is the way it works with corrupt officials.

Let's ask ourselves WHO elected these people and who backs them?  It ain't Bill Gross.  He doesn't have the juice to do that.

The powers that be like inflation and debt.  Maybe there is some point at which no more debt can credibly be sourced and then the sliver of the clan tries to apply their claim tickets against the real assets and economy.

Gross will be getting in line behind them.

Deflation won't help anybody, least of all the people who back the Congress.  Scarcity of money means scarcity of campaign contributions.

Apr 26, 2011 1:42 PM

...and then Peak Oil grinds all this to shit

Apr 26, 2011 11:59 AM

If there is a full devaluation of fiat currencies down to 0, your gold will be less valuable than lead, which actually has uses in the real world.

This is just idiotic nonsense...the largest economy south of the border and 5th most populous country on the planet, has seen COMPLETE devaluation of more than one currency just in the past couple of decades.  There has been no time at which fucking bullets and the use thereof are a substitute for anything.

Apr 26, 2011 12:04 PM

Moronic article.

The gold/oil ratio tells you all you need to know about the "price" of gold.  All that matters is the rate of gold oz per any other real thing or service.

If gold goes to $15000/oz, oil will be at $1120/bbl

Apr 26, 2011 2:15 PM

quite possibly, but maybe not.

The Ahabs have gotten lots of fun toys and shit like F15s for the princes to play around in.  The dollar still buys them Ferraris and Bugattis and yachts and whatnot.

Apr 26, 2011 2:21 PM

buying physical is neither investing nor trading.

If the expectation is to capture a rise in price and buy low/sell high, then it is speculating.

Investing is placing capital at risk to generate a return on investment, not a capgain.

Apr 26, 2011 2:25 PM

This forum is full of silver speculators.  I think you are wise to trade it.  I would NEVER hold enough silver to worry about the moves in price.

If you are planning for EOTW shit, fuck silver; it's far too heavy to lug around.  Those stockpiling silver are anchored to their spot on the ground.

That said, I see no compelling reason to get physical silver.  The people who are advocating that are doing so because in their words the paper price of silver will go up up up and they want to "cash in."  IOW, they are pure FRN speculators wrapped in goldbugz clothes.  If that is their goal then SLV or IAG should be fine or a miner like SLW or Fortuna.

If you can trade your physical silver against physical gold or platinum with a sub rosa cost basis, then I suppose I could see it.

Apr 26, 2011 2:28 PM

lol and right on cue, Claven is the next post down hahahaha

Apr 26, 2011 2:35 PM

can you point me to where the fuck else gold has ever been illegal?

I mean I look through a ton of hyperinflations and I don't see it...

Apr 26, 2011 2:36 PM

oh, jesus the fk christ, all this gov't will declare it a felony...dude, the government will fucking COLLAPSE just like USSR's did.

Drugs are already illegal and they have 60-year federal trafficking sentences on some of these things.  Get your head out of your ass.  The reach of the gov't to impose itself into your life and dictate wtf you do will vanish in the event of systemic default because NOBODY WILL BE TAKING THEIR IOUs!

Apr 26, 2011 2:41 PM

he's right tho...fuck silver; who isn't kicking themselves for not having way OTM leaps on WYNN or GGP?

You could be retired right now with all the Eagles your heart desired, too many to carry, if you had put one decent sized levered bet onto either of these issues at the depths of the Mar 09 darkness.

Even those of us who made out apeshit shorting in 08 could have put the egg onto KMP and watched 3x capgains PLUS a 15% dividend from an issue that just pays on the pure movement of NG through pipelines.

Apr 26, 2011 2:44 PM

if he's saying that, then he's a fuckin idiot

Apr 26, 2011 2:54 PM

Life ain't Call of Duty, son...you get shot in life, it's for real.

In madmax, that pretty much means dead.  You will leave a nice stockpile of bullets for your killers to trade, so take solace...

As Sheriff Bell in No Country for Old Men said, "even in the contest between man and steer, the issue is not certain."

Apr 26, 2011 2:56 PM

I cannot concur, as oil's supply decline will be steeper than gold's and gold still exists.

Apr 26, 2011 4:03 PM

some wealthy Cali place had already done this...but yeah, if you're not a resident, expect the automated system to pop an alert up on some cop's computer and a vector to your location as you pass through the area

Apr 26, 2011 4:12 PM

why the fuck would anyone "invest" in the total CON that is China any longer?

And their 'economy' will pass ours?  I guess this is fitting as they are about the only bigger fraud than the USA these days

Apr 26, 2011 4:21 PM

last time I rode up round Great Falls I saw for sale signs fkin everywhere.

There's been a lot of compression, but DC is gentrifying and so has held up.  Arlington and Alexandria as well

Apr 26, 2011 4:24 PM

how much more do the materials cost for the bigger unit?

Apr 26, 2011 5:48 PM

OMFG, the BANKS aren't making enough money...CATASTROPHE

Apr 26, 2011 5:54 PM

this article is a mfin joke, right?

Apr 27, 2010 1:28 PM

Gold trading opposite to industrial metals as well...very interesting.

The quality trade is going to be like sovereign dominos. Weak nations are going to come under increasing speculative attack in this race to the bottom. And, the strength or weakness is in ability to defend the currency.

As long as we have the petrodollar, the USD remains the strongest. At this point, nobody can asset-back because their holdings would come under redemption attack almost immediately. Bigtime game of sovereign chicken.

Apr 27, 2010 10:06 AM

My immediate take as well.

It is grotesque to call a growing population healthy and a steady-state or contracting one bad.

Growth is healthy until you run out of headroom.  And then it goes apocalyptic.  Everything is fine until the last doubling interval and all hell breaks loose.  Every assumption must change, everyTHING must change.

This idiot's commentary shows the inherent and fatal flaws in the "study" of economics.

Apr 27, 2010 10:10 AM

Who creates culture, the Culture Fairy?

Cultures are or are not BESTOWED upon peoples???

Cultures, as I have said many times, are a reflection of the aggregate attributes of a population.

In Forrest Gump's words, Stupid IS as Stupid DOES.

If you remember High School, the dumb kids had cultures in their subgroups that reflected the base and the crude.  The smart kids gravitated toward things like chess and math.

Culture is NOT an accident.  Monkeys and Dolphins have their own cultures because of their capabilities.  One should not adopt a chimp and expect it to acclimate to human culture because it is a chimp.  This is a clear example where inherent attributes matter.

Stupid white people have cultures that are lowbrow and crude and base just the same as stupid people of any other race who have the same aggregate or average attributes.

Apr 27, 2010 10:16 AM

This is EXACTLY what was tried in Zimbabwe and South Africa.

Denude the landscape of the farmers and creators of the wealth, and turn the keys over to the indigenous population under the assumption that the infrastructure would carry them to wealth.

Sitting idly on farmland does not produce wealth, farming does.  Houses don't build themselves.  Apparently, the marxist left cannot grasp that or does not care.

Refer to deathofJohannesburg blog for results in S. Africa.

You now have a city resembling actually Detroit, which we all are familiar with.  Empty highrises with bricked up fronts.  Witch doctors on the 2nd floor.

After Katrina, we saw a slice of Little Africa, total chaos, roadside corpses, a population willing to sit in squalor and decay.  Contrast this to the floods in the Mississippi Valley in the following years, the wildfires in San Diego (in which a large group of people gathered at QCom stadium), this year's floods in New England, the Kobe Quake, the Indonesian Tsunami.

The list goes on an on where certain populations inherently self-organize, maintain order, do not riot, loot, or participate in generalized decline.  From ALL sides of the income spectrum, too...income is the LEAST correlated with this type of outcome of the relevant variables.

Apr 27, 2010 10:25 AM

This is a politically correct backing into the truth.

I'll ask you this flatly:  WHO creates culture?

 

And I will answer...the people do.  There's a reason that people who are primitive have primitive cultures.  There's no amount of education that can surmount a fundamental lack of critical mass attributes to support enlightenment.

Stupid is as stupid does.  Groups of smart people do not revert to the Dark Ages; they are who dragged us out of it.

I mean, do you or do you not accept that India ostensibly has a culture that is Pre-Enlightenment?  They incontrovertibly do.  It's really not about that.  Among certain populations, progress, civilization, math, and technology have stickiness; among others, they do not.  It's really about intelligence more than the artifacts of the past.

In fact, in the 2nd world, like India, you can see stratification along intelligence lines among the same cow worshippers.  All people do not have the same capacities; it's as simple as that.  Expecting a person who is mentally retarded to do calculus is foolish and self-defeating.  Pretending that he can is absurd.

Apr 27, 2010 10:28 AM

Ashkenazis have the highest average IQ of any measured ethnic subgroup.

This is why Israel is prosperous while neighbors are not.

The neighboring nations lack the population necessary to support the "scientific method."

The Arabs who are intelligent enough to understand science all left arabia and sought out like-minded people just as surely as cliques form in schools across this nation along IQ lines.  Culture is created by PEOPLE, not the converse.

Apr 27, 2010 10:32 AM

It is relatively trivial to conduct a systematic refutation of GG&S, and I have done so elsewhere years ago in arguments around the same topic.

Several fundamental assumptions or postulates in GG&S were false and refuted by archaeological evidence discovered after the publication of the book.

GG&S was an attempt to bend the truth around a particular hypothesis.

Apr 27, 2010 10:38 AM

So the only thing saving OUR markets is our ability to print money until it goes wheelbarrow

Apr 27, 2010 10:39 AM

Huh???

Are you aware of the gap between the wood age and the coal age?  It was hundreds of years.

Apr 27, 2010 10:42 AM

There is NO SUCH THING as Peak "cheap" Oil.

Uranium and Thorium are ALSO subject to Peak conditions.  All physical resources are.

There is a physical cap to the number of reactors a nation can deploy.  France is already there.  During heat waves, they must idle capacity in order to prevent heatsink temperature leading to a massive ecological catastrophe. 

Standards of living = ENERGY consumption per capita.

As for this nonsense about "appealing," COST IS IRRELEVANT.

ALL that matters is EROI.  Nothing else.

Apr 27, 2010 10:44 AM

Are you guys nuts?

Natural Gas ALSO PEAKS.

And its decline curve is like the side of a cliff.

The issue is EROI...

Apr 27, 2010 10:51 AM

No, it really didn't.

Islam is not monolithic...the standard of "progress" was borne by Turks and Persians and Kurds and whatnot, not generically by "muslims."  Arabs have been relatively backward since Carthage fell.

The Ottomans were an outgrowth of the Byzantine and Roman...look at what the capital of Turkey is.  That was the eventual seat of the Roman Empire and subsequently the capital of the Byzantine and Ottoman Empires.  Basically, it was the same people as it had been since Rome operating under a different ridiculous and punitive religion.

Apr 27, 2010 11:13 AM

Agree.

But this says nothing about now and the near future.  IQ drift and gradual rise takes a century or more to manifest.

As nutrition betters in the 3rd world, assuming it does, one should expect attributes to rise with it.  But, in the meantime, there is no falloff in the already developed world.

Few are tracking the rate of IQ change across populations and whether the discrepancies will ever normalize or whether they will continue to persist.

There is a pretty substantial gap between an IQ of 120 and one of 100.  That's in excess of 1 sigma.

Apr 27, 2010 11:19 AM

Systematic insolvency at all levels...who knew?

The monetary system itself is a manifestation of insolvency.  The future CANNOT pay back today's claims.

Apr 27, 2010 2:08 PM

Yeah the Pound Sterling at that time was a gold sovereign.

Apr 27, 2010 8:20 PM

LOL...this is nothing at all different from last month.

The scalar amounts we're talking about seem to stun people, just further illustrating the fundamental lack of understanding of exponential math.

You SHOULD NOT be surprised by these amounts.  In another few years, they will be double this.  Simple compounding math.

Apr 27, 2010 8:22 PM

Look, man, there's no amount of cuts and taxes that can save this.

The debts of today cannot be paid by tomorrow's production.  It's as simple as that.

We are in the endgame and have been since the oil peak

Apr 27, 2010 8:24 PM

"our" money?

WTF about this is "our" money?  It's all fictional money.

The US lent money it didn't have to the IMF which will lend money it doesn't have.

The WHOLE THING is a house of cards; I marvel at the inertia that makes a FRN worth anything or any of these fuckin accounting computer entries afforded ANY respect by anyone when the whole thing is obviously a shell ponzi to anyone with a brain.

It may very well take a long time before the sheeple lose faith in the FRN; until then, we can go on droppin it like it's hot

Apr 27, 2010 8:35 PM

That's the dumbest thing I've ever heard and an idiotic TA chart.

You used 2 points to construct an ED???  Calling this an overthrow?  You use a MACD divergence on a strong up day?  Foolish

Apr 27, 2011 1:08 PM

Stop the humanoid, stop the intruder

Apr 27, 2011 1:20 PM

well it's known now that Underwear Bomber was permitted aboard due to the National Security waiver as well.  Mfer didn't even have a passport or a visa

Apr 27, 2011 1:22 PM

the meal is 10x the FRN cost of 30 years ago.

Apr 27, 2011 10:03 AM

Arnie can't "confirm" anything; all he can do is conjecture.

Apr 27, 2011 10:06 AM

I picked up stuff on stink bid on FlashCrash day...was a great buying opp

Apr 27, 2011 10:07 AM

Do these idiots think this "win the future" crap has ANY traction at all?  Like they think it's clever or sticky or something?  It's a joke and everyone sees it as not only an empty slogan but not a particularly catchy one

Apr 27, 2011 10:29 AM

what the fuck is your point?

Apr 27, 2011 10:35 AM

well, why didn't the press go after this 3 years ago?  Why now?

Apr 27, 2011 2:22 PM

just a paraphrase of Orwell and Goebbels

Apr 27, 2011 2:27 PM

Racism is a word invented by a marxist jew homosexual and pushed by the likes of Trotsky/Bronstein.  The clan built an entire advocacy machine around it.  It was originated to specifically be a particular affliction of solely non-jew whites.  So when a black says they cannot be racist, they are actually correct by the definition of the word as it was coined by its progenitors.

Consequently, it no longer means anything.  Anyone who doesn't give a black person exactly what they want when they want it, is a racist.  It's an empty word as it ALWAYS was.

Now it appears ANYONE is a terrorist who doesn't give the government what they want whenever they want it or who opposes a demagogue, or who dissents. 

Apr 27, 2011 3:09 PM

fuck me, and I was just checking call options on SLW yesterday...didn't pull the trigger

Apr 27, 2011 4:06 PM

gonna hafta lever to stay ahead of it- that IS the point.

The problem is that leverage can't create oil, so financial speculation will be (and has been) the only game left that can outrun the base inflation.  Real production is a loser on two fronts, one because it can't make even a meager yield (can't be levered), and 2 because the yields possible from leveraged speculation kill it.

This is a DIRECT consequence of a financial system built on debt.  In the early stages of exponential curves with disparate growth rates, it really makes no difference.  As debt compounds, however, speculation becomes more and more attractive from a pure ROI perspective.

I mean, think about it; you can lever up financially with very little "capital."  How much does it take to drill a real well or mine a real rock or build a real factory to manufacture a real widget?

Apr 27, 2011 8:08 AM

huh???  When the fuck did this ever happen in Argentina or Mexico?

Name the 40 or 50 countries.

Apr 27, 2011 8:11 AM

"so many countries"??  Name them.  Need cites.

Apr 27, 2011 8:16 AM

dude; the USSR COLLAPSED.

We are talking about COLLAPSE.

AFTER COLLAPSE, nobody took the USSR's ruble anymore.

Apr 27, 2011 8:19 AM

yes, oil should be higher in that scenario

Apr 27, 2011 8:26 AM

you're a retard.

I don't even carry paper anymore...I have plastic.

Gold is poor for trading, so are coins. 

There is nothing whatsoever dishonest about the FRN; everyone here knows what it is.

Apr 28, 2010 1:13 PM

Yep...seems to believe we can just "default" and everything will be fine.

 

Apr 28, 2010 1:14 PM

So if my kids spill kool aid all over the couch, I am actually afraid???  Learn somethin new every day around here

Apr 28, 2010 1:24 PM

Peak oil is going to shit all over your theory.

Nevermind that there isn't the production to support our expenditures as monetized.

Apr 28, 2010 1:25 PM

LOL.  Did you try that LAST TIME gold crossed $800?

There's not going to be any for sale.

Apr 28, 2010 1:27 PM

I think you are disgustingly off your rocker

Apr 28, 2010 1:29 PM

Everything is NOT going to fall the fuck apart like that!

Look, gdit the water and lights are still on in Argentina, and they stayed mostly on in Beirut.

JFC you guys w/ your Madmax fantasies.

Apr 28, 2010 10:10 AM

Dude's gonna get black bagged if he keeps this up.

The only thing stopping complete deflationary collapse is printing and Fed shenanigans.  The truth is that without the confidence racket that the FRN is, this nation is at ALL STOP.

Apr 28, 2010 10:13 AM

Was one of your friends Karl Douchinger?

Apr 28, 2010 10:18 AM

Look; it's really this simple.

The growth system is dead.  We can't grow, the Era is over.

So right now they are kicking the can with even more debt until and unless people lose total faith in the currency.  Then shit will implode overnight.

But there is no alternative.  Nobody wants to admit that Growth is over.  This is hailmary can-kicking and wishing that Deus Ex Machina will bail us out.

As long as confidence in the paper does not wane totally, they can extend and buy more time.  A massive, massive reset is coming in the way "things are done" and I don't see how wars don't erupt as a result.

Apr 28, 2010 2:30 PM

All the ratings cabal are belong to us.

So we continue speculative attack against the euro's weaker members.  There can be only one, Highlander.

Apr 28, 2010 2:33 PM

They have hedonic inflator metrics.  For example, when beef becomes too expensive, people will switch to Spam.  This means "deflation" because Spam is so cheap.  And when that becomes too costly, they switch to dog food, thus inflation is never a problem, just a hedonic adjustment.

People who choose to starve to death instead of eat because they cannot afford food are the best of all possible worlds for the CPI.

Apr 28, 2010 2:35 PM

Hoenig prefers death now to all this waiting around

Apr 28, 2010 2:35 PM

Do something useful with it before it becomes a barter item

Apr 28, 2010 2:41 PM

Barney Fag used some skim from these behemoths as his personal fucking slush fund for better than a decade.

He was INSTRUMENTAL in FNM/FRE becoming what they were.  Is it time for violence yet or does this come down the road a bit?

Apr 28, 2010 2:44 PM

Couldn't you just have paraphrased Goebbels' famous quote about the truth being the enemy of the State and spared us the novel? lol

Apr 28, 2010 2:46 PM

Do you honestly believe that the UST auctions are going off with record BTCs because there really is that amount of capital willing to "lend" to a sovereign with NPV entitlements of $100T?

The Fed closed the facilities, sure...look at their balance sheet.  It's because they BOUGHT all the gd'd securities that were lent against.

Apr 28, 2010 2:49 PM

It's good for heating the tea of people you hate

Apr 28, 2010 2:59 PM

Just GIVE THEM THE MONEY ALREADY...jfc

Apr 28, 2010 3:52 PM

They have a moral obligation to repay all their debts, with their organs if need be.

Only corporations, fatcats, and governments should ever default and only when it maximizes their financial benefit.

Apr 28, 2010 4:11 PM

lol

I am hardly one to be critical about writing novels around here.

Sometimes, though, brevity is the soul of wit!

Apr 28, 2010 4:17 PM

That is one group of people.  Then, there are the wilfully ignorant.  They know that what they know is likely untrue.  We in law call this constructive knowledge.  Meaning that they should know and to not know is negligent.

But anyhow, yes, there are tons of people who are frickin stupid and do not want to seek out the truth even if they could grasp it.

But there are a lot of those who shrug and just play along with the system.  In Athens, the people gave face value to copper coins despite their worth being far less than face.  It was a group acquiescence to fantasy.

We have that too.  So long as enough of us play pretend, there are no acute consequences.  Soon as someone breaks for the door, the stampede begins.  Herd dynamics are interesting.  Even in the face of clear and present danger, a herd may just stay put because everybody else is.

There is no such thing as truth anymore, there's only opinion.  And if one guy on TV says it is so, then it is "debatable" even if that guy says something provably false to anyone with a cursory exposure to science or engineering.

Apr 28, 2010 4:18 PM

double-clicked the Save lol

Apr 28, 2010 4:20 PM

B

I

N

G

fucking O

 

Been sayin that same thing for a few years now.  We rode an energy supply wave which has now inflected.  Technology needs energy too, everything does.  It is the thing that causeth to become.

Apr 28, 2010 4:23 PM

That's not such a problem because they actually need less demand because supply is declining.

Prices were going to go up anyhow.

Apr 28, 2010 4:29 PM

I'm open to data too...but I'm also very good at deductive analysis.

I *cannot* find a source of sufficient real capital to lend to the USG.  Just can't.  It's because it isn't out there and even if it were, who in their fking right mind would lend to the USG at <4% interest on a medium-duration note?  That's INSANE.

Our deficits are exploding, never even MIND the entitlements tidal wave that is now rushing up the beach.

We are inarguably bankrupt.  Our receipts are under our expenditures by around 50%.  We face an impending situation where interest expenses will be our largest budget item, yet there is actually trillions in free capital out there that people are willing to "invest" in the USTs?

I find that so absurdly improbable as to be of negligible real probability.  Therefore, the only alternative must be stealth QE of some kind.

Apr 28, 2010 8:06 AM

This is like how Bret Michaels' condition is "improving."

I love how every time things bounce on the cliff-ride down, everyone sees "improvement" as if really bad times cannot exist unless things go straight down unabated.

Apr 28, 2010 8:54 PM

Inclined to agree in principle...but sometimes when there is blood in the streets, it's time to run like hell lest your blood be next

Apr 28, 2010 8:58 PM

Was thinkin the same thing...more members of the Tribe empowered to fuck shit up.

Just another financial catastrophe with the Tribe's fingerprints all over it.  More Jew Confetti for us

Apr 28, 2010 9:01 PM

These doves have shotguns...and fangs

Apr 28, 2010 9:32 PM

Backup plan?  LOL

There IS no backup plan.

Remember, we're in a GROWTH economy.  We not only must replace lost oil BTUs but also supplement them with additional BTUs to support the requirement of growth economics.

Think about this:  the wars, the bailouts, the stimulus.  "We" could have spent all that on solar panels and windmills...PBMRs and whatever else.

OR...the government could have put subsidy dollars intended to bring next-generation solar tech to reality now, instead of for $1MM a panel on the Mars Rover.  The gov't is fine to let "the marketplace" decide on critical shit like this, but eager beaver to go fight wars and blow shit up.

WTF is all this Iraq tech going to do?!?!  It's POLICE STATE technology.  It has no fuckin future; it's not productive.  Diamond semiconductors, nanotech, all kinds of things that could be pushed down the road instead of fucking BANKS.

We needed to spend our inflation dollars on, you know, something that would generate a RETURN ON INVESTMENT, instead of just bullshit to paper over the banks.  Fuck, the economists have killed us all...

Apr 28, 2010 9:47 AM

The 50 states already got that deal.  It was the 787B stimulus

Apr 28, 2010 9:48 AM

Why only 110B??

Why not ELEVENTY HUNDRED BILLION?

Apr 28, 2010 9:51 AM

Well, hell, who does everybody think actually GOT all that money?

The gov isn't a real entity; it's people.  Behind every dollar of spending - or Euro or drachma - was a kleptocrat and a bribe.

Apr 28, 2011 1:11 PM

it depends upon the steepness of the depletion curve of oil, which is consumed while gold isn't.

In an n->infinity limit, the ratio goes to 0 as there is no oil left while gold is immutable

Apr 28, 2011 1:15 PM

people shouldn't shop there!

I don't.  How the fuck can I be the only one who is capable of resisting their smiley faced prices?  Is it because my smiley has a middle finger?

Apr 28, 2011 1:23 PM

WMT must have magic powers that forces shoppers to come....must be the smileys.

Otherwise, it is the leechfuck low class people who shop there instead of supporting local businesses who are to blame.

My fuckin dad shops at WMT and I insult him and not in a teasing manner for it; I'm serious.  I have gotten dragged into a WMT once or twice by him because he wants to buy something there and I insult the shoppers as I walk down the aisles..."YOU are outsourcing America."

Nobody can see beyond the end of the ME ME ME nose anymore.  I had this argument with some asshole coworkers in the past about WMT.  I said the same thing to them, you are outsourcing America, it is YOUR fault.  They asked me oh yeah well I'm sure you're wearing chinese stuff too.  Nope.  Then they STFU.  But it didn't change them.

Because in their mind they are entitled to cheap shit and they wouldn't pay extra to keep their own moms in business.

Apr 28, 2011 1:25 PM

no...link?

Apr 28, 2011 1:25 PM

you fuck shit damn ass cunt bitch.

if you actually junked someone then I guess I am actually serious

Apr 28, 2011 1:31 PM

that is about the most irrational conclusion you could have drawn from what I said.

BNW is in NO WAY a comparable book to F451.  They're not even the same THEME.

BNW is a study of the contest between happiness and "truth."  At its core it asks really just what the fuck truth IS.  Your notion that "we" are "better off" in caves eating gruel than "murdering our own team," is what I was aiming my point at, because this particular debate is at the CORE of BNW.

F451 is another dystopian censorship tome, along with 1984; why people relate them to BNW is beyond me.

I fear nothing...ok, maybe heights give me the willies.  But in the meantime, cut the armchair libtard psychobabble about how people who don't LIKE something MUST necessarily FEAR it.  I don't like what I don't like and I do not operate from a position of fear on anything.

Apr 28, 2011 1:32 PM

now call me a terrist or some other empty epithet.

Fuckin punk bitch is what you are

Apr 28, 2011 1:35 PM

Got a really big garden?

Got chickens and/or rabbits?

Got an orchard?

Got a well?

Got a nuclear plant upwind?

Then you might have none of those

Apr 28, 2011 1:37 PM

god, will you just shut the fuck UP already with this paranoid HAAAAARP shit?

Apr 28, 2011 1:41 PM

why, because I used the term bourgeoisie??

Apr 28, 2011 10:46 AM

take a look at the FX action against the BRL...must be some kind of intervention.  Was the same yesterday but saw a late pop in the cross.  Gold up sharply in reais

Apr 28, 2011 12:09 PM

clueless?  hmm...no, they're lying

but the lie has become so inculcated that they believe it.  Everyone has drunk the koolaid.

Apr 28, 2011 12:12 PM

nein, flak.  We already hit the deflationary collapse in 2008...as a result of the oil supply inflection.

We are going to face continuation of what we have now.

Oil will become very EXPENSIVE in terms of what we are accustomed to paying for it, that being trash paper and debtmoney.

Imagine if the US could not print petrodollars to get oil; you honestly believe we could run these gigantic trade imbalances?  Imagine a future where the US has to buy oil like every other country has to, with real production.

That is the "real" price of oil and it is going to rise. 

Debt is being discounted to reflect a future of contraction; our money is debt...this is an easy syllogism.

Apr 28, 2011 12:16 PM

this is already happening...export land model is ruthlessly destroying importable oil supplies.

Nations that don't "take care" of the indigenous population with cheap gas and growth will see revolutions.

Apr 28, 2011 12:21 PM

look deeper into that movie...set aside the multiracial "deepness" for a second, just pretend like you haven't been conditioned to see that as nirvana.

WTF were they fighting against?  A SHIT LIFE.  Of living in fucking caves eating gruel.  Who the fuck would want that?

I, to this day, do not GET the notion of why anyone would WANT to be unplugged!  There was no reason to...the truth?  WTF is the truth?

Instead of pursuing this deeper meme, the directors went off onto the diversity angle with legions of deep and noble fictional black heroes, and made Neo into no more than a construct for how to keep the Matrix humming.

The SMITH character was the only real being in the entire script.  He, alone, stood for something...he wanted to destroy everything because it fucking stank.  Cipher, also...fuck this shit, put me back in as a rockstar.

Apr 28, 2011 12:25 PM

BFD...WMT shoppers are hurting.

This was what I predicted.  Someone has to suffer and it is the lower class and the former middle class, who is downwardly mobile now.  They necessarily have less money to spend.

The gov't and TPTB cannot afford to lose the upper middle and lower upper classes, the engineers, doctors, lawyers, etc.  The bankster oligarchs are atop this pyramid, the filthy rich.  But beneath them are people who shop at TIF and WFMI, not WMT.  These are the people who can wrest political power, the nouvea riche or bourgeoisie, the trade classes.  They will be kept fed by the stock market as they are the main owners of 401ks as opposed to real production.  They are in essence junior partners to the real owners of production in that they agglomerate themselves into mutual funds and other vehicles to partner with the true elite rich.

The middle class and lower classes can essentially get fucked; everyone cannot be saved.

Apr 28, 2011 12:32 PM

mom & pops couldn't sell at wmt's prices.

WMT cankicked the reality of inflation for a long time by arbing chinese slaves.

Apr 28, 2011 12:33 PM

Reich hates white people...typical jew oligarch

Apr 28, 2011 12:39 PM

you can do an $gold:$wtic on stockcharts

It's been dead flat since QE.

Apr 28, 2011 12:44 PM

You need to read Brave New World and really *understand* it from a deep perspective.

Read chapter 17.  It is 1000x better than the fking Matrix.

Apr 28, 2011 4:22 PM

BBs suck...they have survived only this long bc of their legacy corporate EM function.  But their product portfolio is 2 generations behind the curve.

Apr 28, 2011 4:23 PM

uh...it seems like the winning move is to shove the navy up their ass like all those successful wars we prosecuted against them for failing to buy anything from us

Apr 28, 2011 4:24 PM

bullshit...the entire economy there is a fraud now.

Fraud is encouraged, along with IP theft and embezzlement.

But...but...they are playing CHESS while we play checkers, right?  They're the future.

China is fraud, Inc.

Apr 28, 2011 4:39 PM

Jeezus fking Christ...that is a worse acceptance rate than HARVARD

Apr 28, 2011 4:46 PM

All of you idiots- STOP BLAMING THE CHAIRSATAN for this.

WTF did you all think was going to be the eventual outcome of the trade deficits we've run for FORTY YEARS??

Our currency HAS TO DROP.  Trade flows MUST NORMALIZE.  There is no way around this; the center CANNOT hold any longer.

We consume but do not produce; the FX consequence of this is a decline in currency's relative value.

If we do what is recommended around here, default, wtf do you think the FRN is going to be worth?  Same bagle.

Apr 28, 2011 8:15 AM

yes, that is exactly why China is building ghost cities.

what, you bought into all this "Chinese play Go, Chinese think in centuries" bullshit?

Apr 29, 2010 8:21 AM

We very much have a singularly monoethnic narrative in this country, given the stranglehold that the Tribe has on both media and finance.

Shit doesn't get funded nor spoken about, the movies and shows don't get produced, unless groups of the Tribe agree on it.  Just wiki up Ashkenazim.  The entire group is genetically related enough to start having genetic diseases caused actually by inbreeding.

I recall what Bob Rubin said about Richard Cohen, something to the effect of that they'd never met, but when they did, he heard his father and saw his father in Cohen's voice and eyes and how familiar it was and how he knew implicitly because of this that they were "family."  Even though they are very distant relatives.  That is clan nepotism in action.

People in the US are so inculcated to hearing only jewish narratives that they don't even understand what anglosaxon norms are anymore.  We think this is "the west" whereas other europeans see us completely differently.  And we cannot seem to fathom how our nation creates frictions just the same as Israel does.

Apr 29, 2010 8:27 AM

Yes, but fascist Trotskyism is a jewish invention.  Marx's dad was jewish.  Must explain the fascination with the doctrine.  Trotsky was a jew as well.  He was born Lev Bronstein.

Most of the most eggregious examples of what we whiteys call race baiting, reverse racism, etc., things like the NAACP, are jewish inventions, along with all the "multiculturalism" they brought with them.

The SPLC agitates constantly against anything and everything white; it's run by jews as well.

Nevermind media and finance. 

Look, at what point will we call this clan nepotism for what it is?  Nobody has yet suggested another Reinhard, but would we tolerate monoethnicity and control by a tiny minority were it any other minority?

This type of nepotism leads to class and ethnic friction which leads to very dark places, as has been historically shown.  The group is looking out for and shepherding other members of the group; it's very clear.  America has been hijacked.

Apr 29, 2011 4:17 PM

nothing whatsoever about China's previous 20 or 30 years in ANY way suggests patience is their strong suit.

Apr 29, 2011 8:09 AM

COMEX is price fixing mechanism...I don't even know why they bother with this legacy function of warehousing.  They should leave that to real buyers and sellers.

Apr 29, 2011 8:16 AM

those ain't cheap...Rothschild only ponied up for a barony, but all those palaces sure said "duke" or at least "marquis" to the naked eye

Apr 29, 2011 8:17 AM

Fuck'em

Apr 29, 2011 9:33 AM

we've had since Fu1 two now where the shore power has been cut off by tornados and they've had to go to diesel.

I wonder if the NRC didn't force inspections and actual tests.  The difference between Fu1 and here is that our backup generators were able to work, otherwise we'd have been facing similar situations.  However, we are supposed to have adequate H2 venting capability.

No CAT5 is going that far north

Apr 29, 2011 9:36 AM

bbbut...Arnie Gunderson said that pool 4 was a molten fission pit

Apr 29, 2011 9:40 AM

I'm good for seems like at least 2 or 3 even if I post 2+2=4

Apr 29, 2011 9:41 AM

Icanhaz rally now?

Apr 29, 2011 9:44 AM

better get those dozers in there to carry off Kaddafi's 599s too

Apr 3, 2010 10:59 PM

They're already out there...saw a chinese company link that produced all manner of tungsten-cored fakes.  Big gold bricks, 1oz coins of various types.  The link was over on TF or here, I can't recally.

Apr 3, 2010 11:03 PM

Why were we on a gold standard then until the 1970s?

Apr 3, 2010 11:07 PM

Don't get me wrong but I like ALL real things versus paper.

I'd stockpile oil if it were compact.  If you think gold is "strategically insignificant," buy a metal with an industrial use, like platinum or rhodium.  JFC, this isn't hard.

Apr 3, 2010 11:08 PM

Fiat paper has intrinsic value?  WTF.  I have a $100 bill, it's a fuckin piece of cloth with ink on it.

I can't eat it.  I can't run my car on it.  So, therefore, like gold, it's a doorstop.

Apr 3, 2010 11:14 PM

Oil speculators...ROTFL.

I cannot believe you idiots.

Dude, C&C peaked in 2005.  Conventional C&C production isn't even close to that anymore.

Gold production peaked in 2000.  WTF is it with you idiots that you cannot understand simple fking supply and demand?

Apr 3, 2010 11:19 PM

Jewelry has no intrinsic value.

To some people, CARS have no value.

I laugh my ass off at the axiomatic proclamations around here about what DOES or DOES NOT have value.  LOL

Apr 3, 2010 11:23 AM

It CANNOT be stopped!

The real economy is no longer growing but credit MUST GROW.

Thus, the synthetic economy.

It's not actually gambling, it's a symptom of an underlying systemic flaw in the monetary system.

Apr 3, 2010 12:51 PM

All the gun nuts need to watch Dr. Zhivago.  Seriously.

These events have happened before.

Apr 3, 2010 5:46 PM

Either shit just blew up or else it's a misprint

Apr 3, 2011 11:05 PM

huh?  Aristarchan had disclosed that the NRC advised TEPCO to upgrade these reactors at least with hardened H2 venting systems as is mandatory here.  They refused.

How many other NRC advisories did they rebuff?  Maybe their arrogance is fatal.  It wasn't GE's fault that they had no plan for a systemic power outage.  They appear to have sat on their asses for nearly a day watching their reactor buildings get ready to blow up.  And when one blew, did they take any emergency remedial measures to stop the others?

They needed only a relatively meager DC power supply to keep this shit all running and as a POWER company, how the fuck could they not have been able to provide this within a 12 hour window?

Apr 3, 2011 11:09 PM

colonize Africa, improve gene pool

Apr 3, 2011 11:24 PM

what's the point of the tin and boron?

they seem to be coffin cornered here- they can't cool without irradiating the site beyond ability to work, and they can't stop cooling without risking further meltdown.

This is NOT chernobyl...there is no burning open pit in which to dump anything.  They have melted rods and piles of pellets probably in contained locations and uncontained ones.  If they have leaks in SFPs or reactors, additional cooling causes additional contamination.  Stopping cooling causes additional contamination (more meltdown and potential fire).

They have to plug leaks...the site can't be worked on until radiation levels decline as a result of not continuing to pump water through nuclear rods which then leaks out onto the floor.

Washing it all into the ocean may be the end-state though...

Apr 3, 2011 11:57 PM

nothing is insurmountable.

Just announce free chicken and waffles there and say that the fuel pellets will turn into a free plasma TV and you'll have the problem gone in no time

Apr 3, 2011 2:39 PM

your jealousy is unbecoming...you should fade away gracefully.

Nobody wants to be you.  You're not being imitated; you've been superseded.

I'm sure there's enough room for you to be part of my supporting cast.

Apr 3, 2011 2:40 PM

for which one?

for black vs white graduation rates, you can use google, very easily.

For crime rates, BJS keeps data; bear in mind they conflate hispanics and whites.  NYC makes a distinction.

Pick one you want sourced, and will grab you a cite.  The disease rates are from CDC, hate crimes and interracial violence are kept by DOJ/BJS. 

don't act like the data is hiding from you- you are hiding from it.

Apr 3, 2011 9:07 PM

moron...you think I can possibly grow enough food in a greenhouse?  What about my animals?  what about my groundwater?  What about my GROUND, which will dose me every time I step outside?

I hereby suggest every madmaxer have another bugout ranch in order to bugout to from his first bugout ranch.  And so forth.

Apr 3, 2011 9:21 PM

I never asked anybody to prove me wrong.

the data is at BJS.  If you actually need a link to it, and are incapable of finding it for yourself, by all means, go ahead and bleat more.

take a look at the Department of Justice document Criminal Victimization in the United States, 2005.

In Table 42, entitled "Personal crimes of violence, 2005, percent distribution of single-offender victimizations, based on race of victims, by type of crime and perceived race of offender," we learn that there were 111,590 white victims and 36,620 black victims of rape or sexual assault in 2005. (The number of rapes is not distinguished from those of sexual assaults; it is maddening that sexual assault, an ill-defined category that covers various types of criminal acts ranging from penetration to inappropriate touching, is conflated with the more specific crime of rape.) In the 111,590 cases in which the victim of rape or sexual assault was white, 44.5 percent of the offenders were white, and 33.6 percent of the offenders were black. In the 36,620 cases in which the victim of rape or sexual assault was black, 100 percent of the offenders were black, and 0.0 percent of the offenders were white. The table explains that 0.0 percent means that there were under 10 incidents nationally.

Apr 3, 2011 9:44 PM

recriticality in reactors should not cause neutron beam excursions...the reactors are built to operate with ongoing criticality in them.

Maybe SFPs are the source?

they need to immobilize all the rod materials to prevent runoff while spray cooling.  If there's a crack in a fuel pond, they will need to immobilize all the melted pellets, get enough water in for shielding, seal the crack, then fill the ponds.  This sounds like a troubling engineering problem

Apr 30, 2010 10:23 PM

oh the irony...an article about $600B monthly roll on Treasuries and then we have this article talking about the "derisk" trade being dollar-positive.

Apr 30, 2010 10:29 PM

Impossible? Hardly. With the miracle of modern digital image enhancement, everybody can look like a supermodel made of porcelain.  Just don't ever go out in public

Apr 30, 2010 10:31 AM

It's not easy to hit a CVN with a ballistic missile...China's "technology" is much ado about very little.

Apr 30, 2010 10:32 AM

Can't trick the "consumer" into thinking they have a paycheck that they don't actually have.

Apr 30, 2010 10:35 AM

Krasting is counting "interest" on the SSTF holdings as income.  That's an illusion.  Interest is just more money owed the SSTF by the same damned gov't.

Should just compare outlays to payroll taxes for the real picture.  It's worse.  Cashflow for SSTF is all that matters.

Apr 30, 2010 10:37 AM

Because they are DEPENDANT upon those SS TAXES to keep coming in to fund operations!

Sure, they can wipe out all their obligations by just not paying them, but they need the revenue from those programs.

SS has hidden spectacularly massive deficits for decades and nobody said shit about it.  Even the vaunted Clitton "surpluses" were ENTIRELY SS and then the Congress and Bill got together at EOY to spend all of them.  TreasuryDirect says the national debt never went down during the surplus years.

Apr 30, 2010 10:39 AM

Um...England defeated Spain navy-on-navy.

These hypersonic cruise missiles are a lot of hype and not something the Navy is unprepared for.

Apr 30, 2010 10:41 AM

Huh?  Those who are levered, iow, the rich, go broke in deflation, and all of the banks.

People think banks have money?  LOL...they are the most levered institutions on the planet along with governments.  Look at the deflation of 2008, we were days away from every bank everywhere going completely tits up.

WTF is money?  Who has money?  Everyone has bank accounts that are worthless in a deflationary crash because the bank fails.

Apr 30, 2010 10:51 AM

Champagne supernova is my guess.

Growth has turned to contraction...there is no theory, school, or set of equations that make any sense to the debtpeddlers at this point because we have left Kansas.

Apr 30, 2010 10:52 AM

At what point does mass Point of Recognition arrive that the oil peak means that the Age of Growth is over?

The future cannot repay today's debts.

I have to believe that somebody besides a few of us was perspicacious enough to see this...and yet this debtmoney is still afforded confidence and respect.  So, why not just print it?  I think mass inertia and ostrich behavior should carry us through...

Apr 30, 2010 10:59 AM

well...it gets worse than that.  Such a system as you describe would have a longterm stability.

What happens is that the bankers begin lending gold they don't even possess.  The Sterling Bill was the lynchpin of British Imperial Power for centuries based upon this.

They ran inflation bubbles all throughout the east and latin america long before this crisis or the .com bubble ever "struck" anyone as the first bubble they'd ever seen.  People really need to review history.  Pump & dump has been used habitually by the major powers on the developing world with unbacked debtmoney for a long, long time.

There were so many bubbles after the BOE's inception that it wasn't funny.  The Sterling Bill was a truly revolutionary invention.  It was allowed to impersonate gold all over the world.

Apr 30, 2010 11:10 AM

Look at the production curve...either in aggregate or nation-by-nation.

THERE is your Peak theory, right there.

Despite a freaking 300 or 400% runup in the price, NO NEW SUPPLY.  Right here we have actual production figures BITCH SLAPPING a fundamental "axiom" of all economics theory right in the face before issuing an institutional beatdown to it with dimension lumber.

The economists were WRONG.  Higher prices do not cause more supply; they only do when they CAN.  Economists DID NOT accept and DO NOT RECOGNIZE that supply rates can peak!  This shit to them is TOTALLY unforseen.  The reason for this is because their stupid theories and schools were hashed out 100 years ago when supplies could grow YoY seemingly forever.  Hubbert didn't release his Peak Theory in oil until the 1950s and he was laughed at for forecasting something coming to the USA 20 years hence.

The economists assume ever-increasing supply and they are in charge; they have the ears of the "leadership" and they assume rosy scenarios.

At least with gold, all the supply ever mined is still here; with oil, every last barrel has been burnt.  This should serve as a warning to peak deniers like Douchinger because gold's supply data is better-developed than oil's.

Apr 30, 2010 11:53 AM

I look at it like this:  the world has been on ZIRP since Japan hit the supply-side wall in the late 80s.

Against that backdrop, and steadily rising price trends, I can name several commodities for which there have been peak supply rates followed by declines and no amount of repricing has affected this.  Peak is a real phenomenon and no amount of monetary crap can undo it.  Being on or off the gold standard changes nothing.

The US maintained the BW gold standard until domestic supply peaked.  We're down 40% in production since then.  Free money, gold, none of this matters.  The earth's ability to produce or deliver the commodity is all that is relevant.

Apr 30, 2010 12:06 PM

DROP THE BOMB

Apr 30, 2010 12:11 PM

Why should anyone care?!??

It's a FX swap line.  There's a dollar liquidity crunch in progress as the EU delevers.

If we force them to bid for dollars on the open market, it will drive the DXY through the roof and that will blow all muffuggin shit up

Apr 30, 2010 3:31 PM

DC CityPaper called him Eric "Place" Holder during his time here as a city and US Attorney.

The guy is a total fuckin joke and a crony/associate/fellow black of Barry O.

Apr 30, 2010 3:34 PM

I shorted the hell out of WM.  Was my first real short and how I built what became a mighty stake lol

Good to be doing God's Work with Goldman for a change

Apr 30, 2010 4:06 PM

Yeah, I think it was Waco?

Either way they got the bad guys at Ruby Ridge...shot that unarmed pregnant woman right through the head.  She was probably an "enemy combatant."

Apr 30, 2010 4:07 PM

Long as that target ain't deez nuts

Apr 30, 2011 8:00 AM

Needed to be Iridium, IDIOTS but IE9 wouldn't let me post till I clicked Compatibility View lol

Apr 30, 2011 8:04 AM

why would you CARE about any of this race baiting bullshit?

You know that this notion of "racism" was invented like a century ago?

Why does anyone white feel the need to defend themselves against what was ALWAYS a meritless and irrelevant ad hominem?

Apr 4, 2011 1:13 PM

we're going to ram into the overhead supply curve again as it declines.  Crash, then repeat.

Apr 4, 2011 1:26 PM

huh?  we have an entire MONTH devoted to celebrating black people for things they didn't really do.  An entire entertainment industry dedicated to propagating images of them that aren't representative, and a news media that won't disclose the race of a criminal if they happen to be black (speak no evil).

And Obama is rich as shit...wtf are you talking about?

Apr 4, 2011 12:03 AM

because they were all shredded?

Apr 4, 2011 12:46 PM

I can synopsize the IMF paper:

GET BACK ON YOUR WHEELS HAMSTERS!  RUN HARDER

Apr 4, 2011 2:05 PM

I called him the "BankermanChurian Candidate" a few years ago.

Apr 4, 2011 2:28 PM

for shits and giggles, which countries were the rapists from?

Apr 4, 2011 2:28 PM

...proving the NEED for France to get that 2nd nuclear carrier

Apr 4, 2011 3:06 PM

I've thought about it but never been asked

Apr 4, 2011 3:08 PM

unconventional oil has a massive extra energy investment, aka lower EROI, aka it is to a large extent a translation of one form of energy for another.  You have to invest significant heat to get tarsands made into synthetic crude.

The growth in production since C&C peaked in 05/06 has been leveraging NG into oil, albeit at positive EROIs.

Apr 4, 2011 3:12 PM

as has been explained, Cushing is largely irrelevant these days (WTI)

Apr 4, 2011 3:19 PM

the last year may have made a new peak in production.  Need to see this year's data to know whether it was an aberration

Apr 4, 2011 3:23 PM

SPLC is jew-run and funded

Apr 4, 2011 4:45 PM

Debt IS cash, nigga

Well ain't it???

Apr 4, 2011 4:49 PM

3.7 is a fine yield for a chip tech stock

Apr 4, 2011 5:41 PM

how about get our troops the fuck out of there?

Apr 4, 2011 5:48 PM

yeah there is something wrong with it- it's disgusting.

But that dumb bitch in the black dress really sure was a watercarrier for the administration; her bias was totally obvious

Apr 5, 2010 1:04 PM

What a fucking pig you are, damn.

Maybe someone will glass your city and your family, asshole

Apr 5, 2010 1:36 PM

Deplorable.

Any excuse to light people up with a 30mm cannon...oops, I mean "service targets with delivery systems."

When the command tells them you are the enemy, you too will be on Candid Camera.

Apr 5, 2010 12:34 PM

Gold and oil are in supply decline.

What you're seeing in pricing is a reflection of crumbling faith in fiat and credit dollars.

Demand has been artificially driven higher by an inherent loss in value of the currency.  This is *not* reflected in the DXY or the long bond.  But, there are many now who are already discounting ANY paper instruments based upon the presumption of a future of growth.

It is important never to forget that a dollar is more than a currency, but rather a debt instrument relying on a particular set of fundamental macroeconomic assumptions for it to have inherent systemic feasibility as an ongoing proposition.

Apr 5, 2010 12:36 PM

What happens when Credit can no longer inflate?

Your creditmoney collapses as an institution.  What is its value then?

What are the value of promises to pay in the future that cannot be kept?  There is your dollar right there.

Apr 5, 2010 12:41 PM

Wrong.

Every massive inflation featured high unemployment - ALL of them.  That creates the condition for the devaluation.

You guys cannot see the forest for the trees...I ask you, what is the VALUE of a dollar when credit cannot and will not grow?

Gold and oil are discounting a drop in the value of the dollar.  I submit that the dollar is doomed as a forward proposition simply because credit ISN'T growing and will not grow.

All of this relentless credit deflation yet the dollar prices of commodities all across the board are rising.  Why is the Yen POG at all-time highs?  The Euro POG?  What is gold discounting in the Euro?  Collapse!  Invalidity as a fundamental institution.

You deflationists are *correctly* pointing out that we are facing a massive credit collapse, yet you cling to the debtpaper.  The dollar is a promissory note, ok?  It has no special powers because of the ink printed on it; it's just a debt instrument frankly indistinguishable from a lot of others.

When nobody will lend the US Gov't any dollars other than the Fed, what is the value of the FRN?

Apr 5, 2010 12:47 PM

Sigh...why do you people retreat to your gd useless monetarist definitions of inflation and deflation!??!?

Why not just argue over how many angels dance on your pinheads?

What matters to PEOPLE is what the PRICE is, in terms of hours of my labor, to buy something.  Nobody gives two shits about monetarist M3s or other credit metrics.  What matters is the REAL price of eggs, the REAL price of oil, and the REAL price of all the other REAL things out there.

Do I give a shit if credit collapses to ZERO if the REAL price of oil blows sky high in the notes I get paid as wages?

You monetarists exist in a vacuum which PRESUMES the viability of the money that you analyze.  I will say this again: the dollar and debt in the aggregate are facing an EXISTENTIAL crisis.  Therefore, those who analyze the water INSIDE the fishtank and ignore that the tank has a large sledgehammer swinging toward it, are kind of missing the point.

Apr 5, 2010 4:21 PM

Douchinger can't ban everybody who argues with your bullshit monetarist deflation priceless fiat dollars case here, bud.

What happens to Japan?  POG in Yen at or near highs...that's what, mfer.

Japan is an exercise in coming sovereign DEFAULT.  Go ahead and stockpile the notes of bankrupt states chanting the TF meme that wages must drive inflation.

Apr 5, 2010 4:22 PM

So, you and Douchinger will have the only FRNs left in the entire universe.  ROTFL@U

Apr 5, 2010 4:27 PM

Fine...you send me something in return that I want.

My FRNs buy 50% less oil than they did last year, bud.  I'm not happy about my priceless FRNs.

CYR comes from the TF school of Douchinger suckups who can't trust their own lyin eyes on what the almighty fuckin MARKET is telling them about fiat paper and debt!

They're as bad as the ZH goldbugs to whom every single dollar price drop in the POG is MANIPULATION.

For the TF Douchingites, every rise in the POG is MANIPULATION (by speculators).

Oil CAN'T be in supply decline, Gold CAN'T be in supply decline...it's all "speculators," just like the fuckin price of Greek bonds!  Peak oil doesn't exist, it's all just MANIPULATION and scheming by people who outwardly appear to be incompetent. 

Apr 5, 2010 4:36 PM

CREDIT INFLATION/DEFLATION WHEN DEBT IN THE AGGREGATE IS FACING AN EXISTENTIAL CRISIS IS MEANINGLESS.

Got it?  I wrote it in all caps for you.

The creditmoney system is threatening to self-immolate in the face of REALITY, which is a future of DECLINING production, credit demand, etc.!  OK?

The "remedy" to this from a monetary perspective is to PRINT.  This will not fix the economy because REAL things are not dependent upon fictions like credit and fiat paper to happen.

Prices are rising across the board and people keep bleating about credit contraction and claiming it's fucking SPECULATORS and MANIPULATION all across the board.

HORSESHIT.

It is a LEGITIMATE DISCOUNTING of the VALUE of MONEY, which in our system = debt!  It is a recognition that DEBT promises SHOULD be discounted.

Inflation is NOT WHAT YOU SAY IT IS.

Inflation is, as I defined it to the class in highschool, a decrease in the value of money with respect to goods and services. NOTHING ELSE.

Credit and money supply inflations DRIVE that definition of inflation as outputs in the real world.

Currency, money, DEBT, are supply and demand instruments.  If there is LITTLE demand for debt (money) then why should we be surprised that real goods priced in debt have gone UP in apparent price?

I am telling you and CYR and have told the Douchingites each time till I got banned that your lying eyes are not really lying.  Your theories are.

Apr 5, 2010 5:15 PM

Take a look at that Wikileaks FOIA video right here on ZH.

Do YOU wanna fight that shit?  I'd personally rather leave and go to a country not infested by the almighty dollar.

Just think, when the militias stir up some shit and a couple cops get killed, they will bring the jackboot down HARD.  If you want to be standing in a crowd holding a "weapon" when an Apache is circling, and end up on a future FOIA disclosure, by all means.

I'd rather cash everything out and move.

Apr 5, 2010 5:18 PM

Look at what violence is permitted to happen, though.

Any violence that poses a legitimate threat to governance is destroyed.  Random "minority" rioting?  They let that proceed and maybe disarm the populace before and during and after.

So if a bunch of white people start rioting, expect tanks.  And they will shoot.  And if the cops get shot, they'll call the military and they will shoot too.  All their commanders have to do is finger YOU as the enemy and they will kill you.  They will send 30mm ordnance onto you and a group of photographers and laugh about it and hope you get up so they can shoot you again.

Apr 5, 2010 9:13 PM

Absolutely man.  Feel the same way.

The love of money is the root of all evil...we just chase it here, like hamsters on a wheel.

Apr 5, 2011 12:28 AM

well, we all KNEW that the UE headline rate was going to decline as the waves of 2008ers started to drop off the rolls.  That is happening now and expect them to relentlessly drive the numbers toward that goal because the reelection campaign of The One has commenced

Apr 5, 2011 12:35 AM

so we should have compulsory sterilization then?

Apr 5, 2011 2:38 PM

the whole south seas and other global bubbles in this period are what the EW kooks refer to as a primary wave with what followed, mini depression, global revolutions etc., as the corrective retrace.

The monetary shenanigans in the 1700s were enormous, a lot of macro trends colliding at that time, aristocracies, revolutions, VOC, all of it.

Apr 5, 2011 9:21 AM

ALL of this likely because they refused the NRC's recommendation of hardened H2 venting systems and were incapable of airlifting backup generation within a nearly ONE DAY window

Apr 5, 2011 9:38 AM

I pretty much agree with this.  They are going to have to let the cores melt in a controlled manner, even if it means containment breach (assuming that hasn't already happened).

Their goal of cooling things is simply causing massive radiation release because there are leaks and cracks now all over.  At this point it is going to have to be lead and sand and boron or maybe tin instead of lead.  I still think the problem is with the SFRs.  They are going to have to end up creating radioactive lava just to *immobilize* the waste.

There appears no hope to actually "fix" anything and I have no clue why they still seem to act as if that is a possibility.  Pumping water through leaky cores and SFPs makes it impossible to access the reactors to make ANY repairs.  And not cooling these things leads to melts and fires and breaches and even worse rates of contamination dispersion.   Clear catch .22.

Get a crane in there with some kind of means by which it can lift the roof off of the SFPs.  Dump in lead, boron, sand.  As they exhaust potential tools which can plug the cracks and stop the flow of contaminated water, they are going to end up having to solidfy and immobilize the fuel.  This is the point of no return.

Apr 5, 2011 9:44 AM

I have a very strong suspicion that the reason the problem looks intractable is because it actually is.

They face the devil of fire and uncontrolled meltdown on one side and the deep blue sea of continued contaminated water leakage on the other.  There is no way out through conventional means.

It's pretty clear that the structures containing nuclear fuel have immense leaks now; they cannot contain water.  Every drop sprayed becomes a contaminant foreclosing the possibility of getting workers in to fix anything.  How can someone fix a leak when what's flowing out of that leak is highly radioactive?

Apr 5, 2011 9:51 AM

bbbbut...bbbbut...he's been on TV!!!!!

I wonder how many bans he dished out for those who even questioned the certainty of his claims.

I'd never go out on a limb like that where credibility is concerned.  There was always the possibility here of serious radiation release.

It's been deductively clear for some time now that the coolant loops in both the reactors and SFPs are open.  Without a closed cooling loop, there is no such thing as a stable situation.

Apr 6, 2010 11:16 PM

Big game of sovereign-level chicken; this is only the beginning.

The edges are fraying bigtime.  WTF is in it for Greece to have this magical, special "funding" we keep hearing they'll lose?

WTF is the IMF going to do other than shove the debt up their asses?  The pensions are getting cut either way, and austerity is coming.  The only question is do you sell out your national assets to the bankers or do you tell them to EAT IT.

For Greece?  They should say what Iceland said:  fuck you.  Bring the fucking overlevered banks down too.  This inflation pump and dump is as old as the Bank of England itself.  They used the Sterling Bill as a weapon of imperial war for centuries.

The banks lent "Greece" money the banks themselves never had via the innovation of fractional reserve.  So why should they pay it back at all?  Everyone should be asking themselves, if a goldsmith gives you a paper loan and he never had the specie backing it, do you *really* owe his ass repayment?

The terms are "give us your islands" and you other national assets in exchange for the fact that the fucking banks that kited the checks and invented the credit money happen to be sited in OUR countries.  Fuck you Germany, fuck you France, fuck you United States, fuck you Goldman Sachs.

Apr 6, 2010 12:03 AM

Just fuckin DEFAULT already?  JFC.

Greece is playing chicken with the Euro.  It's like bein in the wayback seat in the van and throwing shit at the driver.  Greece has some leverage to guide this over a cliff.

 

Apr 6, 2010 12:13 AM

Time to borrow euros and long gold?  lol

The predatory action has moved to the sovereign phase now.

I marvel that the "banks" think they're entitled to be paid back money they lent that they never actually had.  All because they are "special" by virtue of being "authorized" to engage in fractional lending scams.

Fractional lending is immoral when done by for-profit actors

Apr 6, 2011 10:08 AM

I have 39.71 as my last...

The weakening on the Yen has just been freaking RELENTLESS.  The AUD is up to 1.04, Euro to 1.43, CAD nearly 1.04, BRL at 1.6; appears to be some massive effort to cheapen both Yen and USD.

So much for the "euro parity" traders.

At least this is a heads up for real black swans; the response by policymakers will be to ruthlessly cheapen the currency in response to nearly every hiccup.  Inflation is the only game that they know.

Apr 6, 2011 4:15 PM

c'mon the fuckin Euros need an excuse to print too...Japs are and the US is.  They feel left out

Apr 6, 2011 6:18 PM

how do you propose the banks come up with the money to pay this interest you think you're entitled to?

Apr 6, 2011 6:28 PM

technology will just save us right on cue...or are you becoming a nonbeliever?

Apr 7, 2010 1:55 PM

All the EVERYTHING is gone, guys.

Do you REALLY believe that OPEC actually cut production or is it simply more plausible that they peaked?  Their reserves are vastly overstated, so is their historical production.

In ponzi math, 9 real = 12 claimed.  Same as gold and everything else.  If you can't believe your lyin eyes, not my fault.

All the trust funds, all the promises...all the real shit, looted.  Bankster clan members have been selling shit they didn't own for centuries.  Hell the entire INSTITUTION of banking is lending something you don't even have against someone else's REAL collateral that they do have and finding a way to take possession of it.

The ULTIMATE con.

Apr 7, 2010 1:59 PM

He didn't say it was "the Jews," he said those who did it were jewish.  The latter is a factual statement.

Members of the Tribe have been running scams like this since they started making their surnames derivatives of precious gems and metals.

Apr 7, 2010 10:01 AM

They won't sell the Greek debt...why would they?

The whole POINT is to force Greece to accept bankster-friendly austerity, trading the worthless debtpaper lent by banks that never actually had any capital for real productive assets and real estate.

Anything that does not jibe with that model will be rejected.

Boo hoo Greece, we couldn't move your debt unless you accept debt slavery.  Greece and Iceland are the same phenomenon as gold and oil - a move from paper fiction assets lent by banks that never had the capital to lend into real assets.

I'm gonna go out on a limb and say that NO solution will be ratified for a debt collapsed state such as Ireland, Greece, or Iceland, or any future ones, that does NOT include trading of paper claims for real assets.  Yes, this shit is Versailles Treaty stuff and will eventually lead to unrest and war.

The most grotesque part of this all is that the money was lent into these nations in order to turn profits, but it was created from thin air by the banks.  Banks today have no nexus to reality; everything on their books, how they operate, the "money" they pretend to invent, is all a fiction.

Despite the paperbulls objections, you cannot divorce money from reality like this for an indefinite time before money ITSELF (and because it is all debt, that too) loses its corporeality.

Apr 7, 2010 10:11 AM

Why the hell is Greece seeking MORE money?

Fuck, CHARTER A BANK and lend it to yourself!!!

The "money" ostensibly lent by these major banks in the banskter West NEVER EXISTED.  They spun it out of the ether as an ACCOUNTING ENTRY.

I am continually amazed that people let numbers on a piece of paper TELL THEM that their life is over.  WTF, is that credit card balance going to jump off the page and physically strangle you?  It's a freaking ABSTRACTION; it has NO corporeal form.

The West figured this out; just create money if you don't have it.  Fuck "international finance."  ANYone can run a credit bubble or a fractional scam or invent debtmoney out of thin air.

The TRICK of the West and the banking Clan has been to convince people to REPAY the fictional paper with real assets.

Imagine you are a goldsmith with NO gold.  That's a major bank of today.  NO assets.  Yet you can lend to infinity without regard to what YOU have.  You get to invent money in the form of debt obligations.  Why should ANYONE take your notes seriously?  Why does anyone take the FRN seriously at this point?  There's no inherent, mandatory nexus to reality implicit therein.

So our "goldsmith" who actually doesn't smith gold and has none, makes loans that the rubes in the village treat as having real worth.  Then, for whatever reason, they default bc the ponzi ends.  You HONESTLY mean to tell me that people are SO STUPID that they will GIVE this bankster all of their REAL property, their daughters, their cattle, and whatever else the "loan" was collateralized with?!??!  That's not freaking "banking," that's outright FRAUD.  You get a CONMAN who convinces people to treat fictional paper as real then he ends up owning the entire village and having everyone as a debt serf??

Lemme ask someone something:  wtf is the BANK'S side of the loan collateralized with??  They have no collateral, no reserves, no assets, a negative worth...yet they continue to lend and demand interest.

Apr 7, 2010 12:04 AM

LOL...higher rates will bring a bid in fixed income?

No.  They'll crush the sovereign selling them.  We cannot afford to repay our debts at a 0% coupon, much less rising rates.

Rates blowing out means deflationary flight of capital.  Look at the US's fiscal and funding picture.  Would you be less or more inclined to lend them your money at a higher rate knowing that they had that much more interest to have to cough up?

Interest rates are balancing on a knife edge.  Once they go up, they BLOW up.  This is why I'm a QEx believer...there is no possible way the US can fund at higher rates; we're struggling enough as it is at these rockbottom coupons.

Apr 7, 2010 2:25 PM

It's easy to buy 10kbpd of paper oil per day but incredibly hard at this point to lock up a REAL supply of that amount.

 

Apr 7, 2010 2:27 PM

You just imagine you have it.

Then you lend against it versus collateral.  Then you get the obligor to default.  Then you take possession of his shit.  Then you unimagine you had the extra gold.

Apr 7, 2010 2:31 PM

High estimate??

You're aware gold production peaked in 2000, right?

Production has fallen since...inexorably.

Apr 7, 2010 2:37 PM

Uh...Pakistan already has the Bomb.  They are muslim.

PRK has it as well...haven't used one.  Iran will be no different.

Apr 7, 2010 2:42 PM

Crash the Euro to drive money into bonds

Apr 7, 2010 2:50 PM

On another note, as the market melts higher and especially gold rallies, Douchinger locks down TF with increasing bitch PMS frequency...ROTFL.

Like I am gonna PAY HIM to read his drivel and listen to the deflationist drone of his cult. 

Apr 7, 2010 5:04 PM

FUCK YOU DURDEN...the government NEVER LIES.

Apr 7, 2010 9:51 AM

The best part of the meltup is how Douchinger is now locking TF almost every week.  Got to be frustrating to be a deflationist short and doing all this TA jibber jabber and especially hating gold.  One of his "gold star" peeps is an acquaintance of mine; waiting for a 9 handle on gold...yeah, good luck with that.

Apr 7, 2011 10:44 PM

what a moron bitch...cheapening the dollar makes GDP go up?!

Yeah, you dumb fat cunt and measuring your weight in KILOS makes it go down!

Oh but wait, you still stay the same weight, it's just measured in different units.

Apr 7, 2011 11:21 AM

yes; they totally outmaneuvered Nabucco/EU.

The Georgia war was because the only route out of the caspian that does not go through Russia or Iran is....Georgia.

Things are easy to figure out if you look at a map

Apr 7, 2011 11:24 AM

attacking his oil infrastructure???  Why, that's basically an attack against the West, isn't it?

Apr 7, 2011 11:26 PM

PLAN couldn't succeed in an amphibious invasion of Hong Kong, much less Taiwan

Apr 7, 2011 11:29 AM

UCB's rainwater isotope analysis is very bearish for apocalyptics.  Rad levels declining markedly across the board for days now.

Apr 7, 2011 11:36 PM

doesn't even matter bc they can't do much of shit while they're up there.  The 29Ks and whatnot can fire the Brahmos I guess, but that's about it; antishipping and limited target strikes, air superiority only.

Tough to do against a decent airforce and no capability to really strike ground targets=no air superiority, bye bye air wing.  So if you think of it that way, these are defensive assets at most; they can sink ships and intercept carrier-borne aircraft is about it.

Maybe offensive against tankers and you can splash Harriers...against de Gaulle or a Nimitz, forget it.  Splash, sink, bomb.  A floating helo platform is scary to pissant nations.  If they have real jets, they're unfazed by it.

The sheer firepower the big CATOBAR carriers bring to any engagement is awesome.

Apr 7, 2011 11:44 PM

sure...but what happens to shipping and supplies when a CBG is out there sinking all your boats?

You don't have a navy anymore if a carrier shows up.  India's ancient Viraat simply dominated against Pakistan.  An antiquated harrier carrier versus surface shipping of any kind is a turkey shoot.

China's position is precarious in that any nation with projected air power can strangle their shipping.  Sure, you cannot invade a nation from a carrier if they have a competent airforce, but that's just not the point.

de Gaulle can impose its will against Libya and pretty much any 3rd world country, as can our CVNs.

As for laser-guided bombs, how the fuck are you going to get your planes near any of these carriers?  The cruisers surrounding it will light you the hell up with SAMs from outside the range you can hit the carrier even with something like a Brahmos.  And the fleet defense aircraft will be patrolling an even wider radius. 

And your subs expecting to sneak up on a carrier through the barrage of wartime ASW...forget it.

Apr 7, 2011 11:51 PM

dollar is getting blowtorched/monkeyhammered....wow.

Big move for the overnight

Apr 7, 2011 11:54 PM

seriously, are you really actually a cute young chick who is a PM bug?  Do you own a unicorn?

Apr 7, 2011 2:32 PM

Judaism:  the religion of tolerance and peace...

Apr 7, 2011 2:37 PM

what I find funny is how some of the biggest opponents to the concept of Peak Oil are the same ones often most hysterical about the nuclear accident in Fukushima.

WTF are we supposed to do now??  For peak deniers, nukes were our ONLY TRANSITION STRATEGY.

There IS NOTHING ELSE right now that can even HOPE to provide "power" (even assuming we had the capacity to convert that electricity into liquid fuel)

Apr 7, 2011 2:40 PM

bob, STFU...you are on the wrong side of this one too.

Peak was CALLED 20 years before it happened here.

Do the damned research.  Accept what I and Flak are saying.  Oil is not an infinite resource and the rate at which it is produced cannot grow forever. 

Apr 7, 2011 2:41 PM

not a fucking bit.

Do you actually think that their process of drilling 3 miles down is CHEAP?

WTF do you think happens to production like COS with their breakeven of $39/bbl if the oil price went to $30.  It gets SHUT IN.

Apr 7, 2011 2:44 PM

why the fuck did Mexico peak in 2004?

Why did the UK and Indonesia both peak around 1999?

Why has Burgan peaked (and Kuwait)?

Why are the VAST MAJORITY of oil-producing nations in production decline?

Fucking environmental regulations?!?  Get your head out of your ass bob.  You are one who "can see" so you're expected to be smarter than this.

Apr 7, 2011 3:29 PM

yes, let's start out with the OBSERVATION that the perpetual ponzi growth society has been astoundingly GREAT for the upper crust and then jump to the conclusion that they want to kill it.

FOR WHAT?  This makes NO FUCKING SENSE whatsoever!

What fucking enterprise WILLINGLY sells less product than they can?  Why in the hell would "TPTB" want to DESTROY the system of perpetual growth that has made them masters of the world?!??

Apr 7, 2011 3:31 PM

"bitch."  "Deal with it bitch"

Apr 7, 2011 3:40 PM

Also very important to look at Mexico.

Its future (or now) is UK's chart.

Production peak against level or rising consumption and you see a DRAMATIC decline in exportable oil.  As a gigantic net importer, the US (like all importers) is critically dependent upon the availability of oil for export (a surplus between production and consumption in oil producing nations).

It may come to having to force steep consumption declines in nations like Mexico.  I'll leave it to your imagination as to how that would be accomplished.

Apr 7, 2011 3:43 PM

Listen you retarded jackfuck...PEAK OIL for the TRILLIONTH time does NOT MEAN THE WORLD IS RUNNING OUT OF FUCKING OIL.

It means that PRODUCTION of oil is NO LONGER GROWING IN RATE.

Apr 7, 2011 3:46 PM

SURE I WAS, MORON.

I was buying COSWF hand over fucking fist when the price of oil was below their cost of production!

And I was having PO arguments weekly with idiots like you.

And here we are with the price spiking again as demand recovers but supply doesn't.

Why don't you drill in your head for oil, dipshit?

Apr 7, 2011 3:46 PM

it's what's between his ears

Apr 7, 2011 3:51 PM

i'm drawing a blank on those whacked out Christians...who were they again?

Asking because i am tired of the equivalence bullshit

Apr 7, 2011 3:55 PM

there was this Jesus guy...

Apr 7, 2011 4:35 PM

so you believe you can just dismiss all data offhand?

What the fuck data do YOU have (i.e., evidence) that there is some massive conspiracy?

That's what I thought.  Your argument is fail.

Apr 7, 2011 4:37 PM

globally?  IT WOULDN'T MAKE A FUCKING BIT OF DIFFERENCE.

Those resources are relatively trivial of thcompared to the overall consumption picture.  You have absolutely no clue about any of this, what the sizes of the resources are, or their expected rates of production.

So shut your fuckin dumbass hole

Apr 7, 2011 4:38 PM

rates are declining because oil production has achieved peaks there.  It's a geological phenomenon

Apr 7, 2011 4:46 PM

people are fucking stupid.

They will not contest that growth in oil production can't go on forever.  Nor will they argue that oil is infinite in quantity.

Just NOT NOW.  Not in MY LIFETIME.  So, they persist in a state of denial because it just can't be that we will be the ones to cross this epoch.  Please, let it be a future generation.

Everyone implicitly knows that the world runs on oil and a scarcity in that product or even a failure to grow its availability will be incredibly disruptive.  So they invent psychological devices to permit themselves to remain in denial.  This isn't even dissonance; it's straight out self-delusion.

Apr 7, 2011 4:53 PM

Need to see Areva doc; won't take his word for it.

Fuel pool crack was the biggest worry...a total coffin corner.

That said, UCB is showing markedly declining rad levels across the entire isotope spectrum.

Apr 7, 2011 4:55 PM

tell her you're going to buy yourselves a younger woman as a companion

Apr 7, 2011 5:49 PM

I will explain below

Apr 7, 2011 6:09 PM

ok...the Chinese acquired the rust bucket Varyag with the promise that it would never be deployed to the water.  It is an older carrier of Kuznetzov class (the Russians have one of these operational) and slightly larger than the Gorshkov that the Indians have purchased and which is being made operational for them (lazily) by the Russians.

The reason for the ski jump is because this is a STOBAR style carrier configuration.  It uses forward speed and a skijump to get sufficient airspeed for the aircraft aboard.  This is in contrast to the CATOBAR operation of our carriers, the French CDG, and Brazil's Sao Paulo which was formerly the French Foch.  What this in essence means is that planes must be lighter to successfully take off.  In plain words, that means no heavy strike packages can be flown from the deck. 

Consequently, a carrier such as this is a poor tool for force projection beyond VTOL aircraft (of which the Harrier is the only currently operational version) and helos (for which there are many smaller carriers owned by Thailand, Italy, India, etc).  These 2nd tier carriers can support a dozen or so Harriers.  We call these Amphibious Assault Carriers (like Kearsarge) and among nations with carriers, all beyond the nations mentioned are of solely this capability.

Among nations, 3 possess any capacity to launch real strike packages from std fixed wing aircraft- the US (10), France (1), and Brazil (1, although it cannot launch newer strike aircraft such as the Rafale or F18 and is limited to older Super Entendard class planes).  All other carriers including the Varyag, Kuznetzov, and Gorshkov, while being able to launch contemporary fighters (Su27 variants from the former 2, and Mig29K from the latter), simply cannot pose any real offensive risk.  Their roles are for mostly air-based fleet defense, and perhaps some air superiority.

Surely, a wing of Su27s plus helos can destroy a lot of stuff as the Su27s provide air cover and the helos launch missiles, but you cannot *bomb* at altitude with these carriers; you cannot fly in at 600KIAS at 40,000 feet and drop JDAMs from a 4 or 4.5G fighter/bomber.  Only the US and France can do that.

So, with these vessels, you can dominate a contest against a Harrier Carrier and you can sink ships, and surely fuck up a nation like Ivory Coast with your helos, but you cannot force project and bomb people like we do or France is doing in Libya.  And the Sao Paulo, to a lesser extent, though it would be outmatched from an air superiority perspective against a modern-equipped air force as well as against a CBG possessing 4G fighters.  That said, Brazil may well spend a ton of money to lengthen their catapult to give themselves a higher capability.  As things stand they are limited to the A4 Skyhawk which is absolutely no match for a Sukhoi 27 or Mig 29 or a terrestrial airforce with at least a 4G fighter.

Apr 7, 2011 9:29 AM

so, what...the ECB is actually going to try to from organic demand or something?  They hope to be a carry trade target here or something?

Apr 8, 2010 1:24 PM

ROTFL...Australia has NOTHING of the kind!

When you say "huge," dude...we need like 10 more SAUDI ARABIAS for China to be like the USA.  Like 100 MILLION barrels PER DAY.

Australia's energy reserves are insignificant.  We need light sweet 100:1 EROI black gold for China to be the 21st Century America.

KSA has huge energy reserves.  Canada's are huge but of astoundingly LOWER EROI.  Countries like Iraq have huge energy reserves.  Australia does NOT.

Apr 8, 2010 12:48 PM

China is not taking over.

What everybody like Armstrong fails to understand is that this is not a normal business cycle.  We are not in the same world as we used to be, where energy supply can be grown going forward.  We are now in a contractionary climate.

America will not "fall" and then China just takes up the reigns and expands and grows and modernizes to a newer, moderner, 21st century version of what we were in the 20th.  There simply IS NOT the oil supply to support that.

Not even fucking close.  Take a look at the Wiki page of oil consumption per capita and how it DIRECTLY lines up with the wealthy nations who consume the most versus the poor nations who consume the least.

Take a look at how much per capita consumption Americans or W. Europeans use and then apply that amount to the population of China and India.  You will rapidly see that oil production would need to triple from here.  That simply is laughably impossible.

There is no rosy future for China to be the next, bigger version of America.

This is the problem with economics as a pseudoscience - it pays NO attention to the resource constraints in the real world.  It ASSUMES that higher prices always lead to more production; that is an AXIOM of economics.  In fact, this was the biggest obstacle to understanding of Peak that an otherwise intelligent economist friend of mine had.  It seemed outside the realm of the possible that higher prices or demand would *not* in some way lead to more supply.

The oil peak does not care what men think.  It is the physical world of FINITE headroom and capacity and rates of doing things imposing itself upon us.

Apr 8, 2010 2:19 PM

Confused here...

Um, what part of exponential compounding does the author think is novel?

Listen, when something has a growth rate, it DOUBLES on a predictable interval.  Don't say OMG, in THIS doubling interval, we added as much as the entire rest of history combined...that's what doubling IS.

NOBODY should be surprised that the national debt keeps doubling

Apr 8, 2010 4:23 PM

ROTFL.

And then what do you do when a toxic cloud from a reactor or plant accident blows over it?

Putting down roots in a crisis that you would EXPECT to devolve to Madmax requiring a compound and your own fuel supply is IDIOTIC.

How'd the Polish Jews do on their remote farms in 1940?

Did any of you watch Dr. Zhivago like I told you to?

Apr 8, 2010 4:28 PM

WTF is the POINT of something like that?

I mean, yeah it's cool to shoot as a LUXURY but it has no place whatsoever in the future you people foresee.

You need to watch Zhivago, where they seized EVEN HIS REMOTE COUNTRY FARM, and put a sign on the front door, "PROPERTY OF THE PARTY, ENTRY FORBIDDEN, PENALTY DEATH" and then watch Heat.  Have NOTHING you cannot skip out on in 30 seconds flat if you feel the heat around the corner.

In this madmax world you all are "planning" for, you are talking about putting down ROOTS for fuck's sake, and lugging around ridiculously heavy weapons.  You can't CARRY all these freakin guns with you while you carry provisions and water as you have to HIKE out of the fallout zone!

JFC, one industrial accident upwind and your entire compound is POISONOUS.

If you want to stockpile something, stockpile medicines, basic antipyretics, antibiotics.  Think about it...a trivial infection can kill you without medication.  Those with the medicines will be the gods.  Everyone else BUYS THEM.  And you want to talk pricing leverage, talk to a guy whose child is dying from a scratch.  Nevermind just to keep yourself alive long enough for things to settle down.

Apr 8, 2010 4:45 PM

I've commented on this frequently over the past 3 or 4 years...why in the hell did the OWNERS of US companies, namely the pension and mooch funds, some of whom own enough shares to have their own directors on the board, allow the management to direct all the profits into mgmts' pockets??

Apr 8, 2010 5:04 PM

Naw...many jews ran.  They just didn't get far enough.  It wasn't as if the polish jews, who were by far the most disproportionate victims of Reinhard, had the internet or CNN to tell them the blitzkreig was coming.  It all happened very quickly and it was too late before really anyone could do much of anything.

One must consider that not all concentration camps were for extermination; there was a specific profile to which ones located in which places were and were not.  So the "jewish experience" in WW2 was not uniform. 

As for fire alarms, you gotta see some smoke and fire.  It's a good analogy, but a better one is a nightclub fire.  You need to be at or out the exit before the crowd gets Point of Recognition or else your fate is precarious.

The deflationists seem to plan to be the guy scooping up dropped cellphones and jewelry and loose change after the stampede.  Yeah, good luck with that. 

Apr 8, 2010 5:09 PM

Let me translate Bernanke's statement for everyone:

You need to pay us back real things for the imaginary dollars we lent you which was "collateralized" by capital we did not have.

I'm going to enjoy Madmax.  I'll go into a village and proclaim myself a goldsmith with a massive hoard.  Then I will flood the region with paper "loans" against my 0 reserves and then jack rates to force everyone into default and say it's time for austerity, now give me your land, cattle, and daughters.

The fucking Fed deals with IMAGINARY MONEY backed by NOTHING.  Why should ANYONE respect their loans?  They lent what they did NOT HAVE.  All the banks do that.

What we should DO is repay the banks IN-KIND.  IOW, print up our OWN money based upon NO CAPITAL and lend it to ourselves at a mandatory exchange rate and call it a done deal.  Fuck them and their usury.

Apr 8, 2011 2:27 PM

blah blah blah...Japan hasn't defaulted yet and up until Fukushima was facing FX increase

Apr 8, 2011 5:24 PM

I am?  WTF...I need to go flip them for smokes

Apr 8, 2011 5:26 PM

you're full of crap...most of the national debt is held by merkins.  SS is the largest creditor.

Apr 8, 2011 9:56 AM

This idiot actually believes that there is more supply coming of things like oil...HAHAHAHAHAHAHA

Economists are fucking morons

Apr 8, 2011 9:58 AM

KidofSpeed Part 2

Apr 9, 2010 1:18 PM

WTF happened to my post???

The Fed cannot be insolvent because a FRN is an obligation to pay one FRN.

Apr 9, 2010 10:22 AM

I find this shit HIGHliarious.

Everyone is running around fretting about what NUMBERS ON A PIECE OF PAPER say.

WTF...OMFG...Greek bonds print 14%.  So, what, they have to pay someone 14% on imaginary money lent to them by a bank that never had any real capital to begin with??!?

JFC, *I* will lend Greece $265B in imaginary TravDollars right now at only 5%.  Just give me access to the fucking Fed's mouse and I'll make a few clicks.

What we call "money" which is actually DEBT is trending toward a Point of Recognition that the whole shebang is a fucking FARCE.  Why should ANYONE respect a loan by a bank that never had any capital?

Real Bills Doctrine, coming to a theatre NEAR YOU!

The entire system of phony promises and phony lending of phony capital against real assets is coming to an end.  The bankers are struggling as mightily as they can against it, because their entire LIVELIHOOD and the entire "profession" of modern or neoclassical economics, depends upon the perpetuation of this system whereby they entitle themselves to REAL assets for doing the service of lending out phony, imaginary, fictitious, illusory capital.

In essence, our system consists of a village where one guy enshrines himself with a flow of real goods for providing the service of printing money.  He lends his unbacked PAPER to you so you can have money, and in return you give him a bushel of grain every month and a balloon of your cattle at the end of the loan term.

This is EXACTLY what happens when the Chief uses force of arms to ordain some entity or person with the exclusive right to take payment for the provision of money.  In fact, that is the whole freakin REASON BEHIND Central Banking!  It's what Paterson and the BOE had IN MIND when they founded this racket in 1694 (with completely fictitious capital).

Apr 9, 2010 10:57 AM

FUCK YOU, Durden...the banks NEVER LIE

Apr 9, 2010 9:59 AM

Every single measure enacted in the last 1.5 years has been to help the BANKS.

TARP was the Senate going alone to put taxpayers DIRECTLY on the hook for giving the banks MONEY with which they paid themselves MASSIVE bonuses.

They told us the REAL economy would collapse...oh really?  You mean my car wouldn't have started on that morning?  The electricity would have shut off?

These motherfucking bankers and economists act like the SUN ITSELF would not rise if it wasn't for their jew confetti (that is a Weimar term).

Apr 9, 2011 2:09 PM

are you an idiot?

Japan is known to have 100,000kg of plutonium laying around, and perhaps 300,000kg stored elsewhere in the world for them.

The mechanics of the implosion device are not in any way a technical challenge for this nation.

They have been a de facto nuclear weapons State for decades.  WTF would they need to hide?

Apr 9, 2011 2:10 PM

good god, STFU

Apr 9, 2011 2:13 PM

typical asian bullshit...the fretting over "worry" and "trouble."  This is why people don't speak up in consensus building sessions.  Don't complain, don't cause trouble.

You see the same shit out of China in official notices advising people NOT to cause any trouble to local authorities over the toxic waste pouring out of every waterway and toxic smog blanketing the land.  Fuck disease, death, mutant children; worry and trouble (inconvenience) are what matter.

Apr 9, 2011 2:15 PM

concur..and you know who subsidized all that fiber buildout?  WE DID.

WE (in the form of our local gov'ts) provided easements for these wires as a public benefit so that shitty companies like Comcast can strangle inexpensive providers out of business?  WTF, have you seen how much an on-demand movie costs?  Fkin FIOS seemed to want like $8!  PSN wants like $3 or 4...no wonder they're so pissed at Redbox.

Most of these movies aren't worth more than a fuckin dollar.

Aug 1, 2010 11:13 AM

she's stupid.  Stupid people can't be educated.

 

Aug 1, 2010 11:30 AM

Companies need to borrow more money in order to keep executive payscale growth.  Fuck shareholders.  Fuck dividends.  Fuck profitability.

Corporations exist to serve executives

Aug 1, 2010 12:02 AM

STFU all you little people and get the fuck deeper into debt!

Aug 1, 2010 4:14 PM

The world is awash in dollars and they are available to anyone for the right price.  There will be no deflation.  Every time it pops up, the Fed crushes it with liquidity at the margins.

Sure, if you are solvent or can access credit or cash, you can vulture on people who are dumb enough to try to repay their debts.

Aug 1, 2011 10:14 AM

...as opposed to what, the peace and tranquility there now??!

Aug 1, 2011 11:23 AM

yeah, I think they were out protesting TARP, dipshit

Aug 1, 2011 11:47 AM

huh?  Minorities already do a bangup job reflecting poorly on themselves, especially blacks, who manage to commit greater than half the homicides in the US each and every year.  50% of black women have herpes..the list goes on and on.

WTF did they need Obama for?  The meaner areas are ALREADY USING MARTIAL LAW.  You should really look around at the curfews in certain major cities that have been NECESSARY to curtail black crime.  Hell, look at the Black Expo in Indianapolis recently where they had to erect a veritable police state to avoid a repeat of the rash of shootings from the same event the previous year.  Local commentators were asking, "safety, but at what cost?"  This is the cost.

I have no idea why you see this as injustice...not only do the "meaner" areas require this level of security, the populations there demand it to restrain their own impulses.

Aug 1, 2011 11:54 AM

don't ever look at the NG productive curve...your head will blow up

Aug 1, 2011 11:58 AM

Why are you disturbing all the hysteria and panicking with all of these FACTS, dood?!?!?!

Just go along with the herd mythology

Aug 1, 2011 6:17 PM

wtf is wrong with eating kittens?

Aug 1, 2011 8:24 AM

read ch. 17 Brave New World.  Leisure time isn't a benefit for most

Aug 1, 2011 8:25 AM

did you see Watson perform?  Watson destroyed all humans

Aug 1, 2011 8:26 AM

MCD is 365black now.  Nothing that is a jobs bin for this demographic can be allowed to shed workforce.

Aug 10, 2011 12:43 PM

yeah, wake me up when they actually vote these bums out

Aug 10, 2011 9:23 PM

have you not been paying attention to the rest of the market?  shit is absolutely cratering.

You trade with a trailing stop in this volatility, you'll be stopped out.  Better to spend the money on a downside put for insurance.

The CHF has gone even more apeshit than gold

Aug 11, 2010 12:23 AM

EROI is what matters, Gulf oil is higher than tarsands.  The lowest-cost producer is Syncrude.  They have the Cadillac deposits, all surface.

Aug 11, 2011 1:55 PM

well, it's also a matter of that the rest of the currencies can't have everyone flocking to CHF and making life hard for them.  This is why FDR banned gold, because people were stampeding out of FRNs.  On the flipside, the desire for safe haven is making life expensive for any exporter

Aug 11, 2011 1:59 PM

Buying gold doesn't take money out of the economy, dude.  It transfers the money from one holder of gold to the other.

CBs don't redeem paper money for gold any longer.

Aug 11, 2011 12:11 AM

Brioni suit pants do not cost $6000, and Kiton is typically more expensive than Brioni due to the thinner wools they tend to use.

Aug 11, 2011 12:12 AM

why are you still fixated on taxing?

Aug 11, 2011 2:36 PM

yes...rich people buy swiss watches.  I'm wearing one now and have another at home.

Losers wear knockoffs or cheap crap like chinese Fossil trying to look bigtime.  Only non-swiss watch worth a shit is seiko.

Aug 11, 2011 2:39 PM

the EZ banks are not in great shape and most of the eurozone is a net debtor.  What you meant to say is that the deutschemark is in great shape

Aug 11, 2011 2:43 PM

Look man, it's very important that you and everyone else understand this concept.

DEBT is a supply and demand instrument like ANYTHING ELSE.  There is NO DEMAND for credit in the US at even 2%.  Nobody will borrow at that rate.  YES, the Fed follows the economy and YES, there is very little wealth that can be had in the US.  There's no POINT in borrowing money to do economic activity here because aggregate economic ROI has gone flatline or even negative in the USA.

Would sovereign rates be higher?  Sure!  Would people be lining up to borrow at 10%?  Hell no.  Credit's inability to GROW at higher rates is WHY the Fed had to follow the rate regime downward.

All the idiots out there thinking high rates will magically make their stupid savings account money by virtue of magic are fools.  To PAY YOU the coupon, the banks have to EARN a higher one elsewhere...and they cannot!

Aug 11, 2011 3:11 PM

people who use their phone as a watch lack class and style.  Simple as that.  This may work for you, but let's just be honest about the truth.

Aug 11, 2011 3:15 PM

well, the riots that took place in London and Milwaukee were by a particular demographic that doesn't apparently warrant heavy news coverage.

Aug 11, 2011 8:22 PM

look at USPS's employment demographics...does that "look like america"?

the jobs programs (USPS, FNM, FRE, Federal Agencies) that created the artificial black middle class are going to evaporate because the nation can no longer afford this carrying cost and none of the organizations that hired for race reasons have failed to be completely fuckin destroyed by the hiring and promotion policies

Aug 11, 2011 8:23 PM

compare the employment demographics of your PS versus ours

Aug 11, 2011 8:24 PM

look no further than the .gov's hiring and promotion policies.  Seriously.

I know these hate facts are scary to you and everyone here, but the truth will set you free.

Aug 11, 2011 8:27 PM

Scamtrak lol...the TGV system in France and Europe actually turns a profit as does the Shinkansen.

But when you turn GSEs into blacktopias, wtf do you expect, competence?  It's run like Atlanta or Philly schools

Aug 11, 2011 8:29 PM

look:  no GSE has had any kind of MERIT-based hiring or promotion policy for several decades.  Their ultimate collapse was as foregone a conclusion as Zimbabwe's

Aug 11, 2011 8:37 PM

yes, they have a mental disorder.

Only crimes committed by white people are worthy of condemnation.  Nothing done by anybody else should be disapproved.

London riots?  Hardly covered...got pics of blacks forcing dumbass whites to strip naked in the middle of the street.  Not news.  RT covered it in its awesome blackness.  CNN?  Nah.  Flash mobs in the USA, Ohio, Wisconsin, Philly?  Nah, talk about flash mobs and show a picture of the white version, where people show up and do a dance routine.

So if a brownish person stones a fag, that's cultural sensitivity.  If a white person does something, ZOMG, roll 24x7 coverage.

I mean, FFS, they are cutting women's clitorises off in Egypt by the zillions, in saharan Africa as well...yet...we...hear...shit about it.  We just keep hearing about the same old holocaust shit on the Hitler Channel and the Jena 5 or 6 or wtfever and Martin Luther King.

It's almost as if the media is dominated by people who are both marxist and hate anglo saxons.

Aug 11, 2011 8:41 PM

the police LET THEM RIOT.

Wanna know why the Police weren't there when they were in their SWAT RIOT glory for G20 and shit?  Guess?

Google David Dinkins and Crown Heights if you don't know.  Cultural sensitivity is why.  Don't want to bring the truncheon down because the cultural sensitivity towards people who are uncivilized and violent must predominate everything.  And, they've already cued the fucking EXCUSES for wanton violence, looting, and arson.  It's all whitey's fault.

Everybody need to wake up and pick a fuckin side, because if this shit comes your way, what...you're gonna go over and make peace with your bbbbbut....bbbbut...I Voted For Obama act?

Aug 11, 2011 8:43 PM

it took Hitler half a decade to even reduce this ownership bloc to 33% or so.  In the end, after all the nonstop agitation and the marxist insurgency funded by the bankers in the clan and advocated by the media moguls in the clan, the Germans did what many had done before, decided they just couldn't coexist and began expulsion.

The genocide was actually Himmler's idea.

Don't believe we have a bent up news media?  Watch RT.  The russians retook control of their country and they WILL actually show the reality of the London riots where our news media ignores it or lies because it simply doesn't mesh with the PC doctrine

Aug 11, 2011 8:45 PM

wtf are you gonna do, start hollering "RAYCISS" at everybody?

You ain't having fucking anyone banned

Aug 12, 2010 11:47 AM

the outflow is due to Boomers retiring.  Simple as that, and get used to it.

Aug 12, 2011 11:25 AM

Europe needs lots of dollar

Aug 12, 2011 8:01 PM

I was also a NMS; I received a tiny check.  That plus $.25 back then got me a dialtone.  One of my former business partners went to school in a time when it meant admission to places like Harvard.  Bernank too. 

The entire Atlanta school system was dedicated to closing an achievement gap that despite 30 years of trillions in spending, hasn't BUDGED AN INCH (except by cheating).  There are a myriad of programs like the NASP set up to reward even the mediocre so long as they are the appropriate color.

We will lower the standards of everything so we can have adequate participation by those who cannot otherwise make the grade.  This is suicidal.

And we will denigrate the people who invented the car, airplane, modern medicine, refrigeration and literally everything else, with collective guilt.

Aug 12, 2011 8:11 PM

it's a nice theory, but it runs into the inexorable math of the compound interest function on the existing money supply.

It also doesn't gel well with the spending habits of sovereigns.  Look, Japan hit the wall of economic saturation 30 years ago and they are still buying bonds with QE.

I continue to reiterate this point:  there is NO DEMAND for credit in the US, even at ZIRP.  Think about this.  What business could you start now with a low-interest loan in this economic climate that has a chance at earning a positive ROI?  Without subsidies. 

Open a factory?  LOL.  Mine?  LOL.  The basic things that go on in a growth-stage economy have all been tapped out.  The oil is depleted, the mines are depleted; we moved from hematite to lower-grade ores long ago.  Production of everything in the US except bullshit has been in decline for decades.

All these things are not the sign of an economy that is motivated any longer by credit offered even at 0%.  The world economy, in the aggregate, is facing this same scenario due to the oil peak.

Aug 12, 2011 8:14 PM

I wrote years ago, think it was on TF, that the Liquidity Trap that Japan encountered and has been trying to QE out of for decades, was not even acknowledged as real by contemporary economic theory.

The basic theories that the economists live by do not take into account the inability of something to grow further.  Yields in Japan are zero.  Real yields.  There's a point at which all things saturate and you cannot just pump in more catalyst to make the reaction move faster

Aug 12, 2011 8:18 PM

partially true.

On the flipside, question why there is "nobody" that is creditworthy...it is because there is nothing to DO anymore in an aggregate economic sense in the USA or Japan that can earn a real profit.

Businesspeople, the potential lenders, realize this, which is why there is NO DEMAND for credit.  Housing was a synthethic economy.  It has been THE economy here for a decade at least...a classic ponzi of flipping to a bigger idiot.  Before that it was stocks.

We've been in a direct ponzi since at least the mid 90s.  At each crash point, demand for credit crashed and the Fed was forced to decrease the price of credit.  While there was still surplus oil capacity, that succeeded at various points at animating the corpse.  Then we hit C&C peak in 2005.

Aug 12, 2011 8:20 PM

deeper than that:  at a basic level, you neither lend nor borrow at 2% when 1% is the best ROI you can achieve.

This is where we are.  I wrote extensively on this and the principles of synthetic debt on TF back in 07/08.  People think CDSs were "reckless" wagers; they weren't.  They were the only thing forwarding growth of the credit base once the real economy achieved an inflection point.

Aug 12, 2011 8:23 PM

shit...all I got was a little Finalist card followed by the tiny little check for an amount that didn't cover freakin books for a year. 

Aug 12, 2011 8:24 PM

we don't need more jew confetti

Aug 12, 2011 8:34 PM

uh oh, someone just pulled a Helen Thomas

Aug 12, 2011 8:36 PM

good luck with that gold bubble if that's the case

Aug 12, 2011 8:52 PM

DC still majority black.  Have those people ever worked?

Aug 12, 2011 8:53 PM

somewhere there is a bell ringing; shouldn't you be salivating?

Aug 12, 2011 9:03 PM

The Chinese also brought in the Japs ostensibly to help with this and immediately started trying to steal their technology.  The japs up and left them.  This stuff is documented.

ANYone who does business with China is looking to get ripped off

Aug 12, 2011 9:08 PM

TGV and Shinkansen turn profit.

That was their investment as a result of the US's oil peak and Arab tiff in 73.  Japan has a 30 year run without a single fatality.

they have 200mph trains and we have...SUVs and suburbia.  The cheap oil we fought for, the reserve privilege of the petrodollar, will be our ultimate undoing.

With knowhow and investment, these things could be running at speeds competitive with airplanes over intermediate distances

Aug 12, 2011 9:16 PM

even better, they are taking railbeds and turning them into bike trails

Aug 13, 2010 10:08 AM

NO.  Complete bullshit.

Aug 13, 2010 10:17 AM

Yes, but we can't have black kids failing and ending up by the tens of thousands in riots/waiting for Sec 8 handouts.

HS, therefore, had to be changed so that we didn't have a racial disproportionality to "failure," then we use college to remediate.  The problem is the legions of kids who end up in the latter not knowing that they really are mediocre and do not belong there.

College *now* is the result of parasitic drag trying to mediate the fact that 25% of our population is 3rd world stock with 3rd world IQ and 3rd world culture.  The cost of it all really IS the cost of trying to paper this over with diplomas.

Aug 13, 2010 11:25 AM

bingo.

The executives outsource labor to increase PROFITS, NOT LOWER COSTS to consumers.

Prices DID NOT go down as a result of moving production...profits went up.  As the executive class has hijacked all corporations, they are making the business decision to pay themselves all the profits.

Back in the 50s, unions and shareholders kept profits flowing in larger shares to rank-and-file employees and owners (dividends).  At some point in Raygun years, the executive class did a takeover of the entire corporate world (inc union leadership) and it is at this point that their executive payscales began their meteoric rise, dividends evaporated, and employees started getting fucked.

You are not part of this class.  You would know if you were.  Because your dad would be.

Once the pressure from owners to deal favorably with employees and owners abated, executives decided to run corporations as their own personal Disneylands.  Toga parties, jets, multimillion $ offices, free living and vacations.  Nothing is too good for them because it isn't THEIR MONEY.  It's OWNERS' money they're spending.

Aug 13, 2010 11:58 PM

Funny story.  I had a krugerrand in Colombia.

The wand metal detector in the airport sensed it in my pocket.  Everyone was like wow what is this, where is it from, and wanted to hold it.  And wanted to have it too.  They implicitly knew what it was and that it was very highly worthful.  My companion there held it but couldn't tell you the USD POG, still wanted it.

So go figure, seems like people like the shit outside of the US.  And, the Colombian paper notes have an ASSLOAD of zeroes on them.

I mean, wtf says scoreboard louder than pulling out 200,000 pesos from a Citi ATM?  Or a hotel bill of 300,000 pesos...or a flight adjustment that was 700,000 pesos?  Or blowing 400,000 pesos on clothing?

Paper notes are the joke...there is so much fraud and bullshit sitting on that "government monopoly."  This video was funny up above, simply because I have a sense of humor.

But to assert that a gov't won't fuck its "monopoly" defies the ENTIRETY of recorded history.  The gov't will STILL be around, STILL be able to issue notes; the monopoly doesn't go away when they shit all over their population with debasement.  They know that and that's why they do it.

I bet those who stockpiled Colombian peso notes, Cruzeiro Reals, or USSR Rubles wish they had chosen another wealth storage agent.  Likewise, I bet a lot of Argentines wish they hadn't stored their wealth in the form of negative interest rate loans to insolvent institutions (bank accounts).

Wanna find me a better mechanism of savings, I'M ALL EARS.  That said, I think that the paperbugs must not travel much.  I have so many paper notes laying around from travels with a shit ton of zeroes on them.

Aug 13, 2010 12:24 PM

IP is stolen.  We have laws to protect it as well as international treaties.  China chooses to ignore them and we choose to let them do so.

As far as IT unionization...lol.  So long as the policy structure of the USG is to encourage offshoring, labor has no pricing power.  This situation is management's dream.  The problem is that management is no longer ownership.  Ownership are all of us and our 401ks and pensions.  They need to tell management to FUCK OFF and die!  Management took corporations, cut dividends, pocketed profits, and gave a share price ponzi to owners which collapsed.  Time to find new management.

US corporations have been wildly profitable but those profits have gone to managers instead of owners.  This is why we really need a stock market collapse to drive decisionmaking back towards dividends.  Dividends prove profits as they can't be faked once a company cannot raise capital.  But the orgy allowed managers to borrow money to pay themselves bonuses, which is exactly what they did.

America became the Bamboo Lounge

Aug 13, 2010 12:31 PM

You're a complete fucking idiot if you think the savings in labor costs goes into consumers' pockets.

Profits go to MANAGERS these days.  Not consumers.  Not owners.

Earlier smartphones were built in Korea or Japan usually from components made there too.  Then, production moved to China.  Did YOU see a massive price drop?  Nope.

The iPhone4 is still $600 like the original iPhone.  The economies of scale and competition have driven costs downward for most devices such as this, meaning you get more phone for your dollar, but this is *natural* deflation via increases in technology.  The point is that there has been no decrease in price due to the consolidation of labor usage in slave camps like China.  It's just meant more profits for corporations which meant larger bonuses for management.

Aug 13, 2010 2:35 PM

Bell Labs FTW.  I mean, transistor??? Scoreboard.

T. Long is a ponzi player.  Execs care about the share price because share price = bonus.  So they will fucking fire everyone, goose the EPS, take a huge bonus and watch the company die.  They get their golden BK parachute and to retain "top talent" during reorg. 

All the owners of corps got drunk with the ponzi instead of being satisfied with CASH FLOW.

Now, T. Long is a fuckin speculator doing HFT.  How droll; wtf is he gonna say about innovation if that's his idea of it?

Aug 13, 2010 2:44 PM

oh yeah, the chinks, dots, and russkies are all so much smarter than we.

That explains their societies versus ours...right?  I mean, it's how the Soviets landed on the moon and chinese invented the iphone.

Aug 13, 2010 2:50 PM

what the fuck are you doing posting on the internet?

go live in a cave, Luddite

Aug 13, 2010 3:08 PM

Sprott FTW

Aug 13, 2010 3:48 PM

I kinda liked Busch because he primarily had the good sense to stay the fuck off my TV!

He was no more or less miserable than any of the past 5 Presidents

Aug 13, 2010 3:51 PM

did he say he was a conservative?

So what if Newt left his wife, she was probably a bitch

Aug 14, 2010 11:14 AM

yes, when I try to explain the scope and extent of US corruption to foreigners who believe that their 3rd world nation is more corrupt, just trying to grasp the circuitous details and routes monies go thru actually makes them dizzy.

Our elites have shell corporations all over the world, trusts, random vehicles, banking secrecy, co-conspirators in a money laundering lazy susan from here to China.

You really have to have a head for details to even get how you are being robbed blind.  When confronted with this, most americans just say "Obama will fix it" or some other party line retreat.

Aug 14, 2010 11:23 AM

JGBs??

He's doing what Gross is, and that's frontrunning the portion of the duration curve the Fed hasn't already flattened to 0%.

The Fed's activities are systematically pushing everyone further out the duration curve as they seek capital gains from OMOs and QE.  Essentially, with the Fed in the bond space, MBS and USTs of longer duration are seen as risk-free gains.

Only when/if people flood out of bonds into *all* commodities (not just gold) and other real things, we will see a bond crash.  As of now, GSE and bond funds have been the surest bet for any investor/speculator over the past few years.

Aug 14, 2010 11:47 AM

lol...I was in the 3rd world for the past week, spending local notes with tons of zeros on them and having the locals gaga over a krugerrand.

In fact, every time I go outside of the US fishbowl, I realize that gold is a saner savings vehicle than paper.  Paper might work for the elites, but they won't honor my claim tickets in a liquidation.

Aug 14, 2010 12:03 AM

The gov't apparently does nothing BUT lie.  The Truth is classified, so divulging it is treason.

Read that last sentence again, everyone.

Or if you can't, just fucking get off your fat American ass and go travel somewhere outside of the comfort zone of American chain restaurantopia.  Like another country.  Go see how the 3rd world lives.  Marvel at how many zeros they have on their notes and remember that those weren't always there.

Americans live in a fishbowl and they think the end of the universe is the tank walls.

Aug 14, 2010 12:06 PM

WTF is the difference between a "world" currency and the USSR Ruble?

JFC, man, open your eyes.  Seriously.  People will CONTINUE to do their duty; that's what men do.  They continue to show up at the power plant or the water plant.

I don't see any credible distinction between the "world" currency of the USD and any other note.  The USSR collapsed and life went on.  It's not as if people won't figure out how to wake up in the morning in the absence of the almighty dollar.

The problem here is that we are Americans and apparently most of you live in a FISHBOWL.  Step outside of the tank.  Gasoline costs?  What, I won't be able to DRIVE TO THE STRIP MALL????  OMGWTF.

Get a grip, people...life goes on.  People seem to find a way to survive elsewhere in the face of unaffordable gasoline.  It was 9700 pesos per liter in Colombia.  There are still cars on the road, people eating, living life.

This is the problem; we Americans collectively cannot CONCEIVE of how "those people" could POSSIBLY get by without wal mart and ipods and V8 engines in SUVs.  OMGWTF, how do they possibly LIVE!??!?  Whatever are we to do??!?

You hit the nail on the head, people were WHINING when oil was $150/bbl.  And that is because we are a nation of WHINERS.  Europeans and S. Americans LAUGH AT US because their lives don't feature the same excessive comforts.  We're all like a bunch of spoiled, pampered WOMEN.  Whine, complain, and get "offended" at the drop of a gd hat.

Trust me, man, people have been through worse than 150/bbl oil and somehow managed to muddle through.  In Argentina, Brazil, etc., oil went to infinity/bbl in the local paper before they issued new notes that started to rack up their own line of 0's.

Yeah, life will change.  You may have to actually use those two things attached to the bottom of your fucking legs and actually WALK somewhere.  You may have to actually wear the same apparel more than a few times.  You may have to actually line dry your clothes.  May only get 1500 calories per day instead of 3000 and might start losing weight.  HOLY SHIT, that sounds like the fucking APOCALYPSE to me.

Aug 14, 2010 12:08 AM

The system doesn't have to collapse, sheesh.

what is all this fascination with total collapse to madmax?  How many devaluations have Argentina or Brazil been through?  There are STILL PEOPLE THERE.  Lights still come on, water still runs, food still gets grown.

The collapsaholics like Mako are apparently as myopic as the polyannas.  Fuckin currencies go tits up all the fking time.  And yet the State persists.  There are MANY nations out there right now on their 3rd or 4th currency in 20 years!

I have to marvel at the commentary and ask, do you people ever TRAVEL?  I mean, gfd, I guess maybe I don't go to the tourist equivalent of Eurodisney when I step outside the country, but I've been now in, what, 3 or 4 places in the past few years that have all experienced severe currency inflations NOT due to credit demand...where said may be the 2nd or 3rd replacement for successors that also collapsed.  Where a throwaway note has 1000 on it.

Yet I KNOW people who fucking grew up in these places and they have pictures of themselves smiling on facebook from the days before during and after the currency meltdowns.

GFD life goes on.

Aug 14, 2010 12:19 AM

Index futures dictate the market.  The daily action is just to normalize to them.

Market action now is getting more like it's forming an Einstein-Bose condensate

Aug 14, 2010 12:52 AM

Late, bitchez

Aug 14, 2010 3:40 PM

Gross:  he is expecting the Fed to move out the duration curve and buy those longer rates down.

Buffett's bonds are not going to go any higher but probably not any lower either.  Neither one can "get out" of positions that large at any rate.

Aug 14, 2011 1:59 PM

the labor that isn't affordable is EXECUTIVE labor.

Companies can't afford their workforces because they have to preserve executive bonuses

Aug 14, 2011 11:22 AM

so these were 6-8 sigma market moves eh?  Is there anyone who doesn't see these things never happening again?

Something has always been completely wrong with the risk model assumptions out there

Aug 14, 2011 3:01 PM

you should really investigate the production figures for kerogen in those shales...this is not oil, rather an oil precusor

Aug 14, 2011 3:04 PM

Accepting it does not guarantee survival, man.  Luck does

Aug 14, 2011 3:14 PM

they come into my affluent neighborhood and we will be stacking them like firewood.  Large calibre repeating firearms are the province of the affluent

Aug 14, 2011 6:41 PM

You're an idiot...nobody should care what you think

Aug 14, 2011 6:42 PM

the KKK?  You mean all 3 of them?  They installed Obama?

Why do you suppose people of all races avoid blacks?  Just don't like melanin?

Aug 14, 2011 6:44 PM

Jewish hate groups are the arbiter of who a hate group is.

Jewish organizations such as NAACP, SPLC, and ADL make the definitions

Aug 14, 2011 6:48 PM

Nobody would want to ride on a black-only bus, jfc.  And blacks farejump as a rule so such a system would go bk immediately.

Without white people to leech off of, blacks' societies quickly revert back to African norms

Aug 14, 2011 6:49 PM

Who, Oscar Wilde?

Aug 14, 2011 6:53 PM

as opposed to a cocksucking cokehead like the current guy?

I mean, can things really get worse?  Why would Bachmann do ANYTHING differently than her predecessor?  She'd be Busch 3.0

Aug 14, 2011 6:59 PM

take this from me:  one of the positive side effects of the government's 30-year race-based hiring and promotion policies and their consequences-be-damned construction of an artificial black middle class is that the government, as an entity, is totally incompetent.

Look, the government has an issue with NASA's "lack" of black scientists and is bound and determined to rectify this "crisis" (along with others like lack of blacks in SOCOM).  And it doesn't matter if they have to eliminate all real space travel to dumb the agency down to the level that can support this additional white tax.  Same thing with the SOCOM; operational readiness and capability is secondary to diversity in importance.

This just means, once you eliminate merit, the organization is no longer operating at its maximum capability.  And that is how every agency across the government is.  They have tossed overboard standards for the CIA, NRO, FBI, etc., in the name of diversity.

The agencies that have merit-based standards (aka, have a diversity crisis) will be crippled in the name of progress.

Aug 14, 2011 7:01 PM

ethical people probably find you and your stance on abortion disturbing.

Aug 14, 2011 7:37 PM

you must have a real problem with pretty much all nonwhite people, then

Aug 14, 2011 7:39 PM

we're a ghetto nation now...cheat lie steal, whatever you have to do to get dat paper

Aug 14, 2011 7:42 PM

even if every single nation on earth banded together, they would still not be at parity with our naval capability.

We're literally that far ahead.

India is not joining any alliance Pakistan is in anyhow

Aug 14, 2011 7:49 PM

inflation, man...nickel won't cut it

Aug 15, 2010 10:24 PM

You state things as axioms which are not true.

Labor 100 years ago is worth the same as labor now.  Labor is labor.  It's an abstraction.  The LTV from Marx, et. al., was not intended to be fixed by a particular point in time.

Whale oil labor in 1840 was worth what it was paid, this is supply and demand where value is created by the market.  Do not say that this labor was worthless at THAT point in time because it is worthless now.

Software development labor now would have been worthless THEN.  So, if one of us cashes a check for $100 for some coding work, our $100 is 100% overvalued?  This notion that the value of labor decays due to entropy is also grossly wrong.  Entropy has nothing whatsoever to do with it.

Aug 15, 2010 10:31 PM

I agree with you mostly...I see a lot of bugs who want to buy gold and have it "go up" and then they will be rich and can buy things.

AKA, speculators.  But there are others who are merely using it as a more secure savings vehicle that is portable. 

There is no difference between most paperbugs and goldbugs in terms of their desire to be vultures and feast on the carcasses of the bankrupt and become "kings" of a sort.  But there are others who realize that this is a bullshit fantasy and that gold is merely another form of wealth storage.

But it is true that you have to be a bit of a hitter to even afford an ounce these days.  Most people can't just drop $1200 on something the size of a dollar coin

Aug 15, 2010 10:37 PM

I'd be more worried about FRN confiscation or 401ks.

Gold requires trucks and men.  FRNs are in accounts where you can mouse-click them away.

When Argentina collapsed, what did THEY seize?  What do countries seize these days?  They grab bank accounts.  They tax away property and try to turn it into cashflow.

Aug 15, 2010 11:42 PM

you must have failed middle school then, you stupid motherfucker.

It's PEOPLE'S.  People is already plural.

Aug 15, 2010 2:45 PM

Is there NOT a derivatives market in existence which is several orders of magnitude LARGER than the underlier?

When the tail wags the dog in stocks, paper prices go up, nobody cares.  When the tail wags the commodities markets, people can STARVE.

Aug 15, 2010 5:11 PM

Don't let the door hit you on the ass, dumbshit.

You keep hangin onto paper while they tack on zeros and arguing over how many angels dance on the pinheads of the stupid shit you call "financial instruments" which in the real world is of zero fucking utility.

I cannot IMAGINE anyone intelligent thinking that FRNs are a good savings mechanism in the face of every single fucking country in the world undergoing RELENTLESS devaluation over the histories of every currency they've EVER introduced!

Is the fuckin Pound Sterling still a POUND of sterling, jackass?  All this dumbshit talk of deflation...as if the FRN is going to survive that.  What "asset" will NOT be mauled by deflation?

You deflationist financial wizards don't seem to understand what a credit collapse does to the supply side of the production equation, do you?

Aug 15, 2010 5:23 PM

can't figure it out either...I mean, I share his frustration with the madmax gold bugs thinking they will be kings in the zombie apocalypse, but jfc, no need to bitch out over it.

What I CANNOT fathom is paperbuginess...or those who would use a CONFIDENCE SCHEME (FRN) as a savings vehicle.  The SOLE point of advantage of the FRN is that on this present day, you can buy shit at walmart with it.  That's the ONLY thing a FRNbug can say in its defense.

Yet, across the world, across history, we probably ALL have spare change from travels in our dressers that are NO LONGER legal tender in the nations they were issued by or else are now WORTHLESS due to devaluation or repudiation!  Even the goddamned FRN was de jure revalued once in the last Depression.

That's it...the FRN is accepted today by a confidence agreement.  These things change.  The government has monopoly power to declare the FRN null and void.  I can't imagine trusting my "savings" to this or any other government.  We've had a good run, but even the pound sterling is a fraction of a pound now.

The FRN is a more stable equivalent of beanie babies; it has value now because people feel as if it does.  True, gold or anything else is the same, but one is ink on paper whose value derives from who printed it and exactly what ink is on it.  And it is subject to confiscation, revaluation, repudiation, or any of another host of ills that can be visited by the type of sovereign we seem to ALL agree that we have.  Who the fuck cares if it's liquid HERE?!?!  Is HERE the only place on the planet?

I mean, didn't the Euro appear to be on course to collapse like a month ago???

Gold bugs may be irrational, but fiatbugs and especially FRNbugs are even MORE so.  Their whole decisionmaking tree rests upon induction based upon worthfulness today extrapolated out over "forever" and relying on fucking SOVEREIGNS' fiat power!  JFC, the FRN is the essence of tulip bulbs or .com stocks

Aug 15, 2010 5:42 PM

Dude, you ever been to Serbia?

One of my friends went from having a nice life till the day in her words that the US "told muslims it was ok to come and kill us."  Then she was living with her family in a CAR in a WAR ZONE.

There are buildings in Beograd with holes from our bombs STILL IN THEM.  And know what?  LIFE WENT ON.  It was hard, shit sucks sometimes, but people still go on living.  Their world did not end and there were no remnants of zombies there.

Fuck the USA and its exaggerated sense of self-entitlement and worth.  This reminds me of when Hillary Clitton and the "boomers" hit 50 as if it was the FIRST TIME anyone or any generation had hit 50.  It was nothing but a bunch of pansy naval gazers marveling at their own reflections.

There will be upheaval, sure.  There will be hardship, sure.  But the world WILL NOT end.

How will people get from suburbia to jobs?  THEY WON'T.  That's the punchline!  And they'll figure out how to get by the same as Bosnian serbs did who lived in cars for a time.

Things are nowhere NEAR as dire as you collapsaholics make them out to be.  You're all a bunch of misanthropes; that is the real truth here.

There is 85mbpd of oil produced now, MORE than enough for us to get the fuck by as all of India does.  OMG, we will have to walk more, eat less, CONSUME less, run the AC less, run the TV less.  Holy shit, what a CATASTROPHE.

I can tell by this commentary that you've never been to the third world; most people haven't.  Therefore, actually living outside the fishbowl seems inconceivable.  Go get drunk with some serbs in the midday who earn 300 euros a month and tell them just how unimaginable it all is to survive.  Talk to a brazilian or any other South American, a local.

They're going to laugh at you.  Most of the world laughs at the things we Americans view as tribulations, and quite rightfully so.  If the USA collapses and zombies break out, I'll just fucking leave and go somewhere not populated by legions of spoiled women...pretty much anywhere else will do.

Aug 15, 2010 6:01 PM

oh, SOMEHOW, I think people will find the intenstinal fortitude to CARRY ON in the face of the CATASTROPHE of having less processed cheese on a daily basis.

Maybe blacks won't, but who gives a shit about them?

You guys seem to routinely IGNORE any evidence suggesting a zombie apocalypse will NOT occur.

I mean, GFD man, the POWER went out on the ENTIRE N. EASTERN SEABOARD for days a few years ago...what happened?  Zombies?

 

BTW, I read up on Stuxnet and lemme guess...yet ANOTHER buffer overrun vector in MS.  WTF is the matter with these guys?  How many gd'd times does the same attack vector have to hit MS before they ditch their shitty C++ programming techniques and/or comprehensively review all their code to identify unchecked buffer writes!??!  I wrote code for 20 years, even in x68 assembly and NEVER ONCE wrote to a buffer without a basic length check of the input, yet it appears that every single MS codebase, from IE to the freaking thing that reads in the .lnk files to make pretty shortcuts just fucking assumes that the bytestream will conform to expectations.  Cannot fathom this...

Aug 15, 2010 6:09 PM

must ask: have you been to Argentina to assess this threat firsthand?

Gangs, violence, kidnappings, and robberies occur at much higher rates in S. America than here.  But, I was just in Colombia the other day, and LOOK!  I am still upright and walking and talking.  Likewise the last time I was in Brazil, wow, I even walked alone at night on the str33tz.  Holy crap am I like Charles Bronson?

In reality, things are not as bad as they are made out to be.  We have an abundance of criminal 3rd world element here, they happen to share identifiable characteristics and so this type of crime should be easier to see coming here than down there.

The reality is that we right now have places in America as much violent as Brazil or Argentina or Colombia and inhabited by people sharing similar characteristics as those down there.

But to assert that society is going to collapse to roving street gangs and Clockwork Orange; c'mow now, put the bong down.  You build walls, put on concertina, and you carry on.  In brazil, it even gets you not having to stop at streetlights after dark, so there are some plusses.  But the reality is that most crime is concentrated in the ghettos, slums, favelas, just like here.

If/when the time comes, the criminals won't be hard to spot, trust me on that.  Despite a lifetime worth of programming, you will very quickly learn to assess threats which do not occur by ambush, or else you'll just be a dipshit who gets crept on.

Aug 15, 2010 6:21 PM

wow...Bravo actually SAID all that stupid shit?

Is he aware there was growth in the world without a creditmoney system and without monetary inflation? 

Was the Big Bang when the Fed was created?  The start of time and the universe and all that shit?  Profits only grow via inflation?  That's news to me.  Cuz the fkin Dutch East India Company seems to have proven otherwise in a nation without the BOE, Sterling Bill, and a creditmoney system of inflation.

I mean, it's not as if Real Bills was the world system for hundreds of years or anything.

Inflation doesn't cause growth, it follows it.  The problem that nitwits don't get is that contraction causes the collapse of creditmoney systems via deflation.  OTHER money systems, including Real Bills, do not have that flaw.

What credit money systems DO is provide 1st-tier seigniorage profits for BANKERS.  Deflation causes those to go away.

Aug 15, 2010 6:31 PM

Shit, if you don't LIKE the AM fix, you can always buy at that price.  Look at it as a gift from them to you.  It sure beats whining and bleating like a bitch.

Aug 15, 2010 6:40 PM

wouldn't believe that he ate a fish from the gulf, or if he did that it wasn't completely tested like with a mass spectrometer ahead of time.

The government is full of shit these days.  Maybe he ate it then they gave him ipecac.  Won't also believe he swam there unless I saw it with my own two eyes.

Had a conversation with an idealistic HS student on a plane about the mm-wave scanners at airports and she insisted that they smudge out your face and delete the images, well, because she saw it on TV that they do.  Seems to never occur to people that they could possibly be getting lied to.

Aug 15, 2011 1:10 PM

Prefer phone7

Aug 15, 2011 1:16 PM

he's still a growth monkey...I love how they replaced the other CEO as sales slumped.  I mean news fucking flash...at what point did they think the market for $5 coffees could grow to infinity?

Aug 15, 2011 1:25 PM

who runs the MSM?

Aug 15, 2011 10:53 AM

Nixxon had no choice...the die was cast before he entered office.  At least he got the fuck out of Vietnam, something Blama lacked the stones to do

Aug 15, 2011 11:30 AM

Bretton Woods was simply untenable in the face of US Peak Oil.  Period.

The clever powers replaced a FRN collapse underway in the 70s (THIS is what a reserve currency death looks like) with a petrodollar standard.  Backed by gold, now backed by oil.

As the world has peaked, the FRN is again called into question.

Aug 15, 2011 11:31 AM

Gold production hadn't even close to peaked at that point so they could have bought all the gold they wanted with the dollars

Aug 15, 2011 11:34 AM

so now Bama's fuck ups are NIXXON's fault???

Aug 15, 2011 12:02 AM

from that table on net worth broken down by ethnicity, I can only assume RAYCISS whitey is why asians had higher nets than white people.

Aug 15, 2011 12:04 AM

post hoc ergo prompter hoc...fallacy.  STFU

Aug 15, 2011 12:07 AM

they weren't disagreeing long because I took a detour and ran them over too

Aug 15, 2011 12:08 AM

dude...does the interest come from fucking MAGIC?

How do you think the banks get the money to PAY that interest?

Aug 15, 2011 12:11 AM

class warfare?  You bought that shit?  Look at the videos of the london riots, man...class?  Try race.

Aug 15, 2011 12:12 AM

Figure it out:  the world has historically persecuted Jews because jews have historically DONE THE SAME SHIT AS THE BERNANK AND ALL THE BANKSTERS HAVE.

Where do you think the term "jew confetti" comes from?

Aug 15, 2011 12:15 AM

and then you'd have been pilloried all over the media as a RAYCISS gun nut who hates black people.

these were just "youths", ok?  And I see that "flash mobs" mean a bunch of happy white people meeting to do a dance routine.

The SDHTF in London...blacks hit the fan.  Like Katrina or LA, Detroit, Watts.

Aug 15, 2011 12:15 AM

you jackasses will soon learn that FRNs are not to be confused with savings

Aug 15, 2011 2:22 PM

Rasmussen is consistently the most accurate forecaster of what approval/disapproval means in an electoral sense.  I guess Gallup captures the wider public that doesn't vote.

Aug 15, 2011 2:25 PM

no question about that...if they gave even a vaguely forthright airing of his repeated gaffes, screwups, and assorted shit that they made the nightly fodder out of Busch for, he might be cracking 30 right now.

But this will be a good lesson for the public not to believe any of the MSM anymore.  Trust the media NOT owned by one clan.

Aug 15, 2011 2:27 PM

the clan that owns the media is gung ho for blacks.  They can't not love him

Aug 15, 2011 2:30 PM

I dunno...the market's reaction during the huge slide was a telegraph that QE3 was not forthcoming.  I don't believe the downgrade could move the SPY that far that fast.  But here we are back in a V bottomed uptrend.

Either way, volatility like this is usually a sign to GTFO.

Aug 15, 2011 2:31 PM

MMI was a shitty company...they've LONG since been left far behind in terms of handsets.  Google bought them I guess for vertical integration but who is going to get them to parity with the frontrunners of HTC and Samsung?

Aug 15, 2011 2:33 PM

another also-ran in the US mobile space?

Aug 15, 2011 2:36 PM

Apple tends to have shitty hardware, or at least stuff that is a bit behind the curve.

WP7 is the wildcard in this race; the interface makes the droid and icrap look antiquated.  MS should buy Samsung

Aug 15, 2011 2:37 PM

as an IP attorney, I can rain on your parade here...

Aug 15, 2011 3:15 PM

"social tensions" from income inequality?  Did they just go blame poverty for crime again?

Where the hell are the massive crime sprees and riots in Dakka?

Aug 15, 2011 3:48 PM

priority only extends to the claims, dude.  and without a working embodiment, you have nothing.  As we are still a first-to-invent system, you have nothing here to hang your hat on other than you are a loser

Aug 15, 2011 4:04 PM

that's a strange phenomenon that I noted during the campaign...I said this guy appears to have walked out of a cornfield 6 years ago.

Aug 15, 2011 4:05 PM

yeah...what for?  The world isn't as you wish it was, man.

There is no such thing as color blindness and there never will be. 

Aug 15, 2011 4:06 PM

didn't stop Soetero did it?  Just get photoshop out and the Schwartz can be natural born too

Aug 15, 2011 4:08 PM

no it means DAT'S RAYCISS

Aug 15, 2011 4:12 PM

every street SHOULD be MLK street.  Martin Luther King invented everything.  Rayciss like George Washington, Isaac Newton,and Thomas Edison stole Martin Luther King's ideas.  Nobody ever dreamed before Martin Luther King invented having a dream.  He's the most significant man that ever lived.  He was the one who crossed Valley Forge but the rayciss wouldn't put him in the picture.  He invented the airplane and landed on the moon, built the pyramids, and defeated godzilla.  Every day should be Martin Luther King day.

Aug 15, 2011 4:14 PM

no man, it really DID happen just to throw moonbats like you off the scent of the master conspiracies with triangles and cool numbers n'shit

Aug 15, 2011 4:15 PM

no man it was the Trillumimasons and they used a death beam...from a triangle

Aug 15, 2011 4:16 PM

um...the CIA recruits from DEVGRU to do their clandestine work.  This would make that whole promotion pipeline from delta and 6 a bit less well-traveled.

Aug 15, 2011 4:18 PM

i'm sorry but she look like a babboon...does dat be rayciss?

Aug 15, 2011 4:20 PM

no...he's bi.  Hadn't you heard?  It's not a particularly well-kept secret it seems.  At this point, he doesn't appear to be much interested in women

Aug 15, 2011 9:14 AM

Samsung already has better hardware in their sets than the others, as does HTC.  They will just partner with MS and produce phone7 handsets.  Having been a smartphone user since years before the iPhone, I never thought I'd say this but the latest MS smartphone OS is stupidly good.  Samsung's oled screens are also best in class; they had more orders than they could fulfill

Aug 16, 2010 12:08 AM

Gawd, not this shit again.

The "developing world" didn't invent useful things.  There was no theft of resources.  There was trade.

The transistor wasn't invented by a mexican, the airpline by a chinaman, and the light bulb by an indian.  The western world created all the things people use and want, the developing world didn't.  IQ and the Wealth of Nations.

Aug 16, 2010 12:30 AM

Occam's Razor buddy:  the vast conspiracy is not the simplest explanation

Aug 16, 2010 2:19 PM

People should really watch RT and AJ for a different perspective.

A commentator on RT last night called Obama "firmly controlled" by elite banking interests.  Called for elimination of money creation by banks and return to nationalized currencies.

You would NEVER hear anyone get away with saying that on US TV.  Our MSM is totally irrelevant now.

Aug 16, 2010 2:22 PM

Jealous????

Naw, man, I just don't want to live in a muslim country ruled by stupid fucking clerics

Aug 16, 2010 2:35 PM

isn't this how things are SUPPOSED to work?  Like you use your own fkin cash instead of CREDIT all the time?

Now start paying dividends, bitchez, and I might buy your fuckin stock

Aug 16, 2010 2:38 PM

Is anyone ELSE going down?

NO MORE sacrificial lambs!

Aug 16, 2010 4:26 PM

It takes off the steepener trades or it gets the hose again.

Didn't we just talk about this the other day?  I said GROSS.  The Fed is going to push everyone out the duration curve by systematically depriving them of short-term yields.  It is OBVIOUS.

They desperately want people to borrow to buy things.

Aug 16, 2010 7:54 PM

They won't have any choice.  Look, I know people with formerly-rich Argentine relatives, who basically with all that was left after these devaluations, could afford a nice pair of shoes.

Billionaires are relatively common.  Only those with severe connections to the political class will escape it, as was the case in Argentina.  Yes, they will fuck over everyone.

Those who talk about Raygunomics, lol.  It was an increase in taxes on the middle class via elimination of deductions on interest, such as student loans and CC debt, with a concomitant decrease in tax rates for the very rich.  IOW, it was a total joke and it spawned all this.

Raygun was a figurehead; get that through your minds, folks.  He was no more "in charge" than Crater was; he had the same backers who now back Obamma.

Aug 16, 2010 7:57 PM

$1.4T was total bullshit.  That was just the headline number.  TreasuryDirect told a different story and you can only hope to estimate the losses embedded in the Fed's balance sheet, all of which pass through to the Treasury.  I originally estimated $2.5T and I think that's a decent number to shoot for this time, too.

Aug 16, 2010 8:03 PM

I'll bet money that they flatten the 30 too.

With mortgages indexed to longer-duration bonds, there is really no choice here to lower "real world" interest rates.

The whole spread function mandates it.  It's the last thing they can really do to try to spur lending.  Collapse all rates in all durations and hope that people are motivated by 2% mortgages and shit. 

Why?  Because DEMAND by US for credit of any duration has waned markedly.  So they will try to sweeten the deal.

Aug 16, 2010 9:04 PM

will it mean cheap physical for the little people?

Aug 16, 2011 1:16 PM

turn up the volume, bitchez

Aug 16, 2011 1:58 PM

the lizards already invaded the US and UK well over a century ago

Aug 16, 2011 1:59 PM

or learn how to smelter...jewelry will be exempt

Aug 16, 2011 11:07 PM

these articles are so much mental masturbation by people unwilling to accept that the Era of Growth was ended by world Peak Oil.  None of this monetary or fiscal shit matters, because oil cannot be printed.

Dunno which is worse, the delusions that we can restart growth by fiscally stimulating or that if we just "let the debts go" that we'll achieve a new era of growth after that.  Neither side can face the hard truth.

Aug 16, 2011 11:13 PM

I know a guy who bought 300k worth of gold in the 90s...cost basis around 400 he said. 

Aug 16, 2011 11:14 PM

yeah sure, Cliff...you know that's not what you meant and so did everybody else.

Aug 16, 2011 11:31 PM

pretty much everything is up...meat is way up.  I have to really hawk specials now to even get the bill down but they've definitely jacked prices on everything.  Hell, oil is the levered material in all of this.  We eat oil.

Aug 16, 2011 12:27 PM

everyone

Aug 16, 2011 2:04 PM

his clan already pretty much took over

Aug 16, 2011 2:06 PM

we're AAAA and so are they

Aug 16, 2011 4:58 PM

needs to cross at least $16T for the next fiscal year...maybe 16.5

Aug 16, 2011 5:05 PM

why not just pay the debt with the fake cash instead of trying to live large AGAIN?

Aug 16, 2011 6:47 PM

We have always been at war with Eastasia

Aug 16, 2011 6:48 PM

he's cousins with the editors and guys like wiesenthal

Aug 16, 2011 9:54 AM

our yields sugggest quadruple A.  Same with Japan

Aug 17, 2010 10:47 PM

The Fed stands ready to lend to nearly anyone.

Also, why would MMFs refuse to roll funding when they have no other sources of yield.  The real risk is that they will all seek out pair trades such as these and everyone *retreats* to risk-free yields with leverage.

Aug 17, 2010 12:15 PM

yes, please...I always like it when people talk about me

Aug 17, 2010 12:22 PM

yes, please...I always like it when people talk about me, so much so that I double-post it

Aug 17, 2010 2:54 PM

Ignoratio elenchi.

You conspiracybugs don't do logic, do you?

The apparent conspiracy is because of concert of action of likeminded actors.

Why do FISH SCHOOL?  Is there a commander telling the swarm to move in this or that direction?  YOU need to read up on emergent complexity...

Aug 17, 2010 2:59 PM

what crack are you smoking?

The developed world looted the undeveloped?!??  By what, providing them refrigeration and electric power?

There were no GOODS to loot, only some raw materials to use to make things everyone wants.  The gfd injuns or africans should have gone to the fuckin moon if all it was was the land under their feet having the "wealth."  The oil had to wait a lot longer for someone smart enough to show up to figure how to get it out

Aug 17, 2010 4:05 PM

Risk, bitchez

Aug 17, 2010 4:41 PM

Hmm...no, actually, I dont think I will

Aug 17, 2010 4:50 PM

Hold up, so waiting in line for a FREE HOUSING HANDOUT is "getting treated like cattle"???

The future with food lines will only look like this if the people IN the lines look like this.

Compare Katrina flooding in New Orleans versus places with people who don't look like the people in New Orleans.  Or the Kobe quake.  Or the Indonesia Tsunami...

How the fuck is offering people a FREE HANDOUT to move their criminal, welfare leeching, nonworking asses into someone's neighborhood so they homies can piss on the neighbor's lawns and run the car stereo at maximum volume for 2a parties "systematic shaming"?  Those people in those lines SHOULD be ashamed - of THEMSELVES.

Aug 17, 2010 4:59 PM

They don't want to bottom kill because then they cannot produce from the wells.

They would have to reasses the formation for another point to begin producing from it.

Aug 17, 2010 5:04 PM

If there is a BP cover up, the government has been complicit in it from day one.

Bama doesn't want to get Katrina'd and his lackeys in MSM have really beaten the BP's fault meme to try to keep the slick off of him, but at the same time obfuscating, downplaying, and really working to keep this on the DL

Aug 17, 2010 6:46 PM

Strategy, bitchez

Aug 17, 2011 1:24 PM

I reckon they know they are going to be prosecuted

Aug 17, 2011 10:04 AM

icanhaz $500M at 1.1%?

Aug 17, 2011 10:06 AM

no, they lent it.  But, no, it didn't exist prior to its conjuring via magic

Aug 17, 2011 11:03 AM

Gold just has to catch up with the imaginary interest paid on all those USTs

Aug 17, 2011 11:38 AM

bonds pay a coupon...gold does not.  In a growth climate, that is why interest instruments outperform gold.  At the point when people realize that the coupon <= inflation, gold merely revalues to reflect that

Aug 17, 2011 11:50 AM

I have artwork by dees nutz

Aug 17, 2011 12:00 AM

yes...people in these countries are WAY HAPPIER.

the notion that poverty causes anger which leads to crime is utter bullshit.  The shit you own ends up owning you.  Imagine all the stress just to maintain a fucking lifestyle with material goods.

Everywhere I go, usually it is to countries that are not on the greatest of times, I find people way friendlier and happier than Americans, who are all obese, worn out, and nasty.

Aug 17, 2011 12:03 AM

girl?  Uh yeah, color me skeptical

Aug 17, 2011 12:25 AM

the japs can't intervene faster than we can lol

Aug 17, 2011 8:33 PM

additionally, were the sovereigns who held complicit in the Gordon Brown type moves to sell off bullion?

I wonder if anyone even has Chavez's gold or if they'll have to scrounge around for it

Aug 17, 2011 9:19 AM

keep on dreamin

Aug 18, 2010 1:25 PM

This warrants a Goled, bitchez

Aug 18, 2010 11:02 PM

Emergency, bitchez...sheesh.

This type of competitive QE is going to set up major, major stresses in the international markets.

There's no real way to "devalue" currencies these days, as the bankers are finding out, bc none are pegged to anything real. 

All we can do is cheapen relative to yen, which causes them problems. 

Aug 18, 2010 11:26 PM

This is stupid.

the MONEY SYSTEM we operate in represents a mathematically unpayable debt.  The system is in default the minute it's created.

Money gets lent into existence.  But this loan is ONLY the principal.  The interest is not created.  Therefore, at any given time, a creditmoney system lacks sufficient money to extinguish all liabilities.  The money in existence now in FRNs represents ONLY the principal balance.  Interest on that money does not exist and cannot exist without MORE borrowing.

Do you GET IT?  Anyone who uses a FRN is participating in the same type of ponzi.  The system REQUIRES people to do exactly what the Greeks did and Irish did and Americans did, and that's to GROW DEBT.  If they did not, exactly what is happening will happen, a deflationary collapse of the money supply.

Aug 18, 2010 11:42 AM

gold just went vertical by $10...wtf happened, did JPM go tits up?

Aug 18, 2010 5:34 PM

100% right.

They will take the country and rent it back to the people who live there.  Seen this time and time again in S. America.

Default and return with a production-backed currency.

Currency scarcity is an ILLUSION created by bankers who LENT you your money at interest!  The system at NO POINT contains enough money to pay all oustanding claims against it (lending money creates only the principal which can extinguish; it does not create sufficient money to extinguish even simple interest)!  Deflation if credit stops growing is INEVITABLE as a mathematical certainty.

At that point, you get the liquidation BY bankers to take all the interest you cannot pay.  The banks created the money lent to Greece out of THIN AIR, not out of REAL capital.

Aug 18, 2010 5:46 PM

Don't tell douchinger and the precious FRN crowd that.

 

Aug 18, 2010 5:53 PM

Austerity is merely code for NOW IT'S TIME TO PAY US THE INTEREST.

Look, a debtmoney system creates $100 at its outset.  It's owed $100 + interest.  The interest doesn't exist.  Deflation is built into it.  Either you pay the principal back and default on the interest, in which case banksterman takes some of your property, or else you roll the loan and end up paying all the principal back as coupon payments and end up defaulting on the whole fucking money supply in which case banksterman takes everything.

All for the privilege to have money provided by banksterman. This is the ESSENCE of the pernicious evil known as banking and Central Banking.  This is why the banking clan gets run out of every country they've ever congregated in.

All nations must by fiat eliminate their banks and central banks and go to Real Bills, production-backed currency.  Or else they will all suffer this same fate.  The money to repay the interest owed at any given point in time does not exist!  It is physically impossible to extinguish the debt.

Aug 18, 2011 1:06 AM

WN will only stay $49 as long as their fuel hedges hold out and the petrodollar keeps steaming along.

You put ROW prices on fuel and you see how rail makes sense.  I dunno about 43 fkin billion tho.

Aug 18, 2011 1:09 AM

horseshit...nobody is suggesting coast-to-coast rail, it is SFO to LAX for fuck's sake, a few hundred miles.

The goddamned TGV and shinkansen do this mileage all the time and turn a PROFIT.  200mph rail between NY and DC actually makes sense.

Aug 18, 2011 1:15 AM

if people realistically want to be getting around in 10 years, we better build the rail now while we can

Aug 18, 2011 1:21 AM

average vs top speed...110 is pretty good if the thing makes stops en route

Aug 18, 2011 1:55 AM

complete bullshit.

The prohibition was for "your brother," which means another jew.  It is an affirmative duty to lend to gentiles at interest, according to the talmud

Aug 18, 2011 1:57 AM

wth...jew has ALWAYS been an ethnicity.  JFC, don't you read the bible at all?  It is and was a TRIBE.  Judaism is just the clan religion.

The notion that jewish is a religious choice is bullshit

Aug 18, 2011 10:13 AM

Hyper, bitchez

Aug 18, 2011 10:34 AM

ditto...but the moves lately are UGLY even in this space

Aug 18, 2011 11:51 AM

geez, man, shit just happens...the collapse was not fucking engineered.  Does it give you guys some kick to fall over yourselves for Potent Directors Fallacies?

WTF, was Rome's collapse engineered too?

Aug 18, 2011 11:54 AM

it's more than that...the only refineries on earth capable of refining the taffy he calls "crude" are on the Gulf Coast

Aug 18, 2011 4:36 PM

if the EUR comes apart...what, that's #2 world reserve-ish currency?  They can't just back out of the EUR without blowing everything sky high.  And I mean everything.

Aug 18, 2011 5:59 PM

they already ARE drilling everywhere, moron

Aug 18, 2011 6:04 PM

see "Greece"...or see "about anywhere else."

The government can TRY a lot of things; doesn't mean they can make them stick.  They tax drug transactions at "jail" right now and those seem to be sailing right along.

Aug 18, 2011 6:05 PM

why in the fuck would anybody ever trade you their farm plus livestock for your stupid few ounces of silver?

Silver isn't that valuable ,nor rare.  And if the farm is not sustainable, why would you trade for it anyway.

You silverbugz are frickin idiots

Aug 18, 2011 6:13 PM

the tax the rich policies are going to extend to real estate; mark my words.  Go after those rich people's homes, the ones for $1MM and up.  The carrying cost of real estate has nowhere to go but up

Aug 18, 2011 6:16 PM

Chavez's gold, unlike comex, isn't supposed to be encumbered by any paper.  Granted, it was probably sold and leased out 10x over by now, but there's a marked difference between his demand of what is supposed to be sittin in a vault with his name on it and expecting COMEX counterparties to cough up physical off a futures exchange (which wouldn't happen anyway).

Comex is a CASH SETTLEMENT futures exchange; it is NOT intended for actual physical things anymore.  Real gold is bought from real miners who really dig the shit out of the real ground.  The futures markets exist for these real producers to hedge on a cash basis.  The banks like JPM make them pay for that insurance.  Look at the Comex/Nymex as an insurance vehicle and it starts to become more apparent how misguided the crashthecomex crowd is.

Aug 18, 2011 6:18 PM

75% of world debt is denominated in dollars.  40 years of BW has made the dollar like herpes.  You just have to live with it and the inconveniences and pain of occasional outbreaks.

Aug 18, 2011 9:26 AM

we already pretty much mined out this country.

Aug 18, 2011 9:30 AM

people know how much gold is worth because they are dumping all that jewelry and getting plasma TVs they couldn't otherwise afford or a nice downpayment on a shiny new car.  Or maybe it's the "best christmas ever" for the family as they parted with more of their wealth than ever in exchange for pricey consumer merchandise.

Gold has been steadily climbing, having some mini crashes which are good because they firm the conviction of the wallflowers that they were smart to dump the jewelry and smart not to buy into this bubble.  If there is a stampede off the sidelines, gold will double or triple from here in short order.  There simply aren't enough paper instruments to handle the volume of dollar slosh

Aug 19, 2010 10:35 AM

Playing, bitchez

Aug 19, 2010 10:37 AM

JFC look at that revenue projection graph..HAHAHAHAHAHAHAHA.

The deficit is north of $2T. 

Aug 19, 2010 10:47 AM

WTF is wrong with the Philly Fed for releasing numbers like this?  Why are they not getting with the program??

Aug 19, 2010 11:23 AM

hahahaha...who the fuck would want to fly on a chinese airliner?

They can only sell them right now and operate them in countries with shitty safety standards.  Their current premier offering is a clone of the MD80.

In 30 years, their best military jet is a ripoff of the Lavi, requiring Russian engines because China simply ISN'T high-tech enough to produce the powerplants.

For China to TRULY be competitive will require an undoing of 30 years' worth of what's brought them to where they are now, and that is ripping people off, stealing IP, copying, counterfeiting, and using their people as a slave labor force while running real estate and manufacturing ponzis.

Aug 19, 2010 11:28 AM

why in hell would the chinese want the yuan to appreciate?

It's a nation loaded with bad debts and excess leverage

Aug 19, 2010 11:34 PM

Silver is not a buy and will not run like gold until production peaks.  Spot on with your comment.

Soon as silver production peaks and begins to decline, the price rise will be as relentless as gold's.  The latest production data I've seen suggests we might be on a plateau, but until there's a YoY decline, it's premature to call such a peak.

Aug 19, 2011 2:02 PM

uh...Android is a mobile phone OS.  Crapintosh sales are a statistical blip

Aug 19, 2011 2:04 PM

how so?

Margin hikes won't suppress the price for very long

Aug 19, 2011 2:54 PM

I watch all of about 4 channels out the 500 worth of shit that is on the basic cable.  The shit on TV is just revolting these days and the average member of the public has Jersey Shore manners now.

Aug 19, 2011 8:56 PM

and, gee, who has been writing about this for a few years already?

Aug 2, 2010 10:05 PM

same thing, in not so many words, that I argued with douchinger about on TF.

Austerity means default by the sovereign.  Deflation kills debtors.

The only avenue is to either accept death now or do what everyone does and try to extend the game.  The situation is actually hopeless from a macro perspective of attempting to restart aggregate growth. 

I see no possibility of austerity and cutting; how long could such a cycle last before you're voted out and people beg Christ to print?  As long as they can monetize, they will monetize.  The elites are better-served now by that; they are head hogs at the leverage trough.

Aug 2, 2010 10:09 PM

don't believe the police state?

Look at what Gates says about Wikileaks.

GATES claims the moral high ground while the Armies he commands REGULARLY slaughter civilians...knowingly.  In fact, the video which brought Wikileaks its boon in eyeballs was precisely showing THAT, the gunning down of innocents by a 20mm chain gun.

Now I see that CNN says that the gov will go after MIT students who helped whistleblowers encrypt data...

The gov will not allow you to tell the truth.  The truth is "classified."

Aug 2, 2010 10:11 PM

huh?  and deprive the richies who own nothing but bonds of their coupon?

that would fuck them in the ass and that ain't happening, unless enough black people find themselves able to actually make payments on their mortgages

Aug 2, 2010 11:23 AM

the best part is Gates' mendacious reference to Wikileaks' disclosure as "morally wrong" and putting people in harm's way...wtf???

WTF has the war done?  For Gates to claim the moral high ground is absurd when criminality, corruption, and incompetence have placed more people in harm's way than DISCLOSING it ever could.

So showing an Apache lighting up a group of civilian reporters is placing ppl into harm's way??  Every fucking day, Gates' army slaughters innocents in military actions...the freaking deployment of troops puts people into harm's way.

But, because the gov't CLASSIFIES evidence of its criminal malfeasance, suddenly exposing that malfeasance is now the crime?

Aug 2, 2010 11:25 AM

but...but...China is the FUTURE!!!!!!1

Aug 2, 2010 11:25 PM

I love that part "don't make trouble for the government."

It's not that criminality and fraud are rampant, no...what matters is that they don't want you to bother them about it.

Telling the truth will get you locked up everywhere now it seems.

Aug 2, 2010 4:26 PM

Waving, bitchez

Aug 2, 2010 7:04 PM

bbbbut...bbbbut..China is the future!!!!!!1

Aug 2, 2010 9:42 PM

Sounds like DEFLATION to me, just like Douchinger said!

The price of everything is dropping.  Oh, no wait, it's not.

Gold at 1180 oil at 82.  Deflationary as hell, right?

Aug 2, 2010 9:42 PM

the slide in housing prices will be protracted.

There's enough fraud and sausage hiding to keep prices fluffed some as they slide

Aug 2, 2011 1:43 PM

people fall for this shit???  I mean they think WOW I am getting actual cash for this crap I don't wear?  Are they THAT stupid?

I will give them 60% of spot, sheeit.  And I will give the turncoat $1200

Aug 2, 2011 1:50 PM

eh...the friends and family were probably tickled that they "got so much" for all that worthless jewelry they had.  That enabled them to take that trip to vegas and gamble with the money.  Or get that 3D flat screen.

Aug 2, 2011 1:54 PM

people much richer than you can afford it.

Aug 2, 2011 10:27 AM

everybody spouts this "20% correction" shit.  They were saying it about the SP for 2 years.  Gold corrected down to 1490 from nearly 1600 not more than a few weeks ago.

Aug 2, 2011 11:34 PM

yeah, lord knows they don't print that or have a massive NPA problem with THEIR loans..LOL

Aug 2, 2011 11:44 PM

are you tards paying attention to the TLT?  I mean, shit bonds been goin up up up...how you can call these types of yields OTHER than AAA is beyond me.

The ridiculous yields of USTs warrant a AAAA rating, IMO.  And, yes, I am fully aware that we are fuckin bankrupt.  The market will set the paper price, fuck the raters.

Aug 2, 2011 11:45 PM

used cars are harder to find due to Cash for Clunkers, where they junked a lot of the potential used car supply.

Another dipshit program from Obama

Aug 2, 2011 2:30 PM

WTF do you think is gonna happen to the drachma, idiot?  People already prefer Euros printed by non-PIIGS

Aug 2, 2011 9:40 AM

I feel lucky that Bill Gross has my back and is lookin out for me

Aug 2, 2011 9:46 AM

Did anyone really think that the country that produces counterfeit EVERYTHING ELSE would not produce counterfeit companies?

Aug 20, 2010 11:28 AM

Yields are in secular decline because demand for money has decreased.  Interest rates are the price of money.

the Fed is probably distorting the curve with their OMOs, but they hope to get some activity by the salivating would-be speculator knife-catchers out there.

Already people are abuzz with talk of how "great" a time it is to buy, what with houses "so cheap" and rates so low.  The Fed's hope is that credit demand will pick up and then rates can normalize.  What we have here is a loss-leader teaser sale on credit.  One that the .gov is gorging itself on.

Just imagine what would happen after the gov has stuffed itself to the gills with cheap credit and then rates were to go up.  It'd be game over immediately.

Aug 20, 2010 12:17 AM

3.  Gold production peaked in 2000.  Silver production is yet to peak.

Aug 20, 2010 12:27 PM

yes, you do, you stupid fuck.  Unless you get your bread wholesale

Aug 20, 2010 12:33 PM

uh, no...oil went overboard first.

And when the euro was crashing, the POG went up a ton.

Aug 20, 2010 12:35 PM

do you even vaguely understand what will happen to the dollar in a deflationary depression?

Aug 20, 2010 12:58 PM

where the hell do you get this "8%" shit, except out of your ass?

Aug 20, 2010 4:24 PM

the other party is socialist too

Aug 20, 2010 8:42 PM

broadening divergences.  This was a great time to short in 07.  These omens were what I told trading friends to wait for before starting to get short again after the 09 bottom.

But at this point, I have to ask, how much of the HOs is a side effect of the HFT phenomenon and won't the Fed simply buy more futures to support the market?

Aug 20, 2010 8:45 PM

I made $68,000 on AIG puts...watchu talkin bout Willis?

Aug 20, 2011 10:47 PM

this is just the dumbest hysterical shit ever

Aug 20, 2011 10:48 PM

yeah, these idiots with their radiation phobia. Wildlife in Chernobyl Zone is flourishing due to lack of humans

Aug 20, 2011 11:00 PM

who doesn't want to see Obama evicted from office in disgrace at this point?  The mfer is miserable.

Aug 20, 2011 5:19 PM

we've also traded our entire manufacturing base for the goods that we used to manufacture.  And the execs of those corporations got filthy rich

Aug 20, 2011 5:20 PM

maybe the century but not any larger than the Sterling Bill, which was the lynchpin upon which the entire Imperial power of the British rested.

Aug 20, 2011 5:23 PM

no, they don't.  I can see you've never been to Brasil

Aug 20, 2011 5:26 PM

I have made reference to this phenomenon previously...and what better statement of how big gov socialism leads inevitably to concentration of power in fewer and fewer hands.  As night follows day.

Those who could not pay the taxes to support the dole and empire ended up having to sell to stronger and stronger hands.  These people became noble families some of which still exist to this day.

Aug 20, 2011 5:32 PM

Land Title is only as good as the rule of law.  If you dispute this, reference Rhodesia or S. Africa.  Land has been redistributed wholesale for political reasons to people who refused to cultivate it, let eveything go to shit, sold off all the equipment and wiring in the houses torn out of the walls for scrap, and let the fruit from trees rot on the ground.  Now, still in complete squalor and poverty, the politically connected are consolidating these parcels away from squatters who are moving back to the ghettos.

Aug 20, 2011 5:35 PM

people should watch Dr. Zhivago.  Besides being an all-time classic movie, it has a lot to tell you about the sanctity of property rights when "TSHTF."  The Party went around slapping notice of confiscation upon all land and real property and improvements and entrance was forbidden with a death sentence.  The good doctor returned from one of his impressments by one of the rival factions to find his town home also confiscated.

People who look at the gibs me dat culture we have now, with half the nation on the dole, and are expecting political parties to protect their rights are fools.

Aug 20, 2011 5:36 PM

fuck you, racist defender of an apartheid State.

Aug 20, 2011 5:39 PM

Moon landings are not important.  Diversity is what matters.  Nothing can stand in its way.  Obama just issued an order effectively freezing federal government hiring of white people.  He wants increased diversity despite the fact that blacks are significantly overrepresented in the federal payroll.  Look this shit up.

We are 365black now, NASA will get shitcanned because it is in crisis due to lack of black scientists.  It doesn't matter how far standards have to be lowered to get agencies like the USCG or USAF or SOCOM to survive their crises of lack of diversity.

Aug 20, 2011 5:45 PM

gangbangers have no interest in forcibly taking land.  They will get the government, as occured in Rhodesia or S. Africa, to simply give them the land as if that will convey its wealth to them.  Then, they will ignore the productive capacity and sell all the machinery, pipes, anything metal, the wiring in the fucking houses, for scrap and burn it on drugs and liquor.

But this will move us towards more diversity of land ownership which is a good thing.  In a contest between starvation and poverty, and diversity, diversity MUST win.  It is all-important and the only thing that matters.  The Mao Luther King statue should be taller.  MLK is the most significant person who ever lived.  He invented dreams. 

If shit goes this way, you'd better HOPE there is anarchy because the political machinery will INEXORABLY move toward a feudal empire of the politically connected.  The armed gangs roving the countryside is a more favorable outcome than a functioning government confiscating everything to give it to a failed race.

Aug 20, 2011 5:47 PM

they didn't PLUNDER much of shit.  The gold that came back came primarily from MINING OPERATIONS that the natives had no fucking clue whatsoever how to effect.

This is like how Rhodesia was a net food exporter because a successful minority race appeared that had mastered the hard work of organized agriculture.  Now that this minority has been dispossessed of the land, the failed majority is in charge and we see utter economic collapse.

Aug 20, 2011 5:52 PM

why should ANYONE CARE?

The injuns were doing NOTHING with the land. They were thieves and squatters.

If the white man hadn't taken it, you wouldn't be posting this drivel bullshit on your fucking couch in your climate-controlled room on your fucking computer.

Go back to the land, live with parasites and curable diseases.  The average life expectancy of an injun was what, 35 years?  THAT is the people you would entrust with land?

Look, I know it really sucks that the races aren't all equal, that some are successful races and some are failures.  This is simply darwinist evolution, ok?  The same as how various species of plants and animals systematically exterminate each other.  This is how mammals came to be and vertebrates before them.  It is a part of the cycle of life.  We cannot hold back progress to placate the egos of members of failed races.  They must be pushed aside.

Aug 20, 2011 5:53 PM

I'm sure the first comment in reply to you mentioned Jevon's Paradox.  You'd be wise to make peace with it

Aug 20, 2011 5:54 PM

no, we really aren't seeing anything of the kind in Africa until/unless the black death comes there and culls the population.

Aug 20, 2011 8:40 PM

yeah actually I have...and you have still never been to brazil if you believe that 99% of the population lives in favelas

Aug 20, 2011 8:51 PM

it's possible, why?  What, because you imagined it?  ROTFL

Aug 20, 2011 8:53 PM

as well he should have...his statement about QM is correct

Aug 20, 2011 8:56 PM

Flak, stop SHITTING on people with your goddamned maths and thermodynamics and shit.

You are part of the problem because you just don't BELIEVE hard enough.  We need EVERYONE to wish TOGETHER as strenuously as possible, and only THEN, with the power of imagination and the human mind, anything will be possible, even the impossible.

Aug 20, 2011 9:00 PM

You are here defending a racist, apartheid State.  That makes you a racist.

Now kindly go fuck yourself.  I hope that the looting starts, it's time to put people like you in piles to be burned.

Aug 20, 2011 9:03 PM

you accuse me of racism and yet defend a racist, apartheid State?

Who the fuck said I voted for Odumbshit?

Aug 20, 2011 9:06 PM

The Greeks mastered the written word, mathematics, and the wheel.  They had large cities and built architectural monuments which still stand.  The injuns did what exactly?

The Greeks weren't a bunch of nomads roaming around and extincting indigenous species.

The rest of your post is just trash.

Aug 21, 2010 3:32 PM

All those words just to say "we're fucked"???  What happened to the laconic?

Aug 21, 2010 4:28 PM

Pretty significant when feel-good life coaches are saying GTFO.  Either going to move momnpops or is a huge contrarian indicator

Aug 21, 2010 4:56 PM

the debts are unpayable.  Either they will default or they will be liquified.

In the face of this, it seems wise to go heavily into debt and wait for jubilee.  This course is not without risk but seems to have paid off.  That fuckin Real Housewife bitch just filed BK and then went on a $60k shopping spree.  It seems like nobody is gonna repay

Aug 21, 2011 1:32 PM

yeah, this stuff is idiotic...as if growing money will grow the economy by magic

Aug 21, 2011 9:01 PM

huh?  It sucks to be black regardless.  Think about it, if you are average, your IQ is about 85, and you have 10x the propensity to commit violence as whites, and probably 80x that of asians, both of whom have an average IQ one sigma to the right of your mean.  About 4% of blacks annually are ready for college and only about half graduate high school.  Your likelihood of being arrested in your life is 50/50 and 33% of black men do serious time at least at one point.  Roughly half of black women have herpes.  It's simply impossible for you, as an average black kid, to ever hope to integrate into what the majority here refers to as "civilized society," because as Jared Diamond put it, your original environment selected away from civilization.

The lies told about Soetero and the rest of this bs are insignificant compared to the reality of genetics and evolutionary biology.

Aug 21, 2011 9:02 PM

who was it who had said NATO was surrendering and losing?

Looks like yet ANOTHER win for the warhawks.  Huge feather for France, who led this invasion.

Aug 21, 2011 9:09 PM

this shit serves notice that there is a 2nd nation with significant enough force projection capability to knock over most dictators.  We can stoke revolution in any nation now (bc there are always significant opposition factions in any backwaters) and with our or France's CVN, project air power sufficient to cripple your ability to repel rebellion.

It's really that simple.  A demonstration, if you will.

Aug 21, 2011 9:14 PM

potentially the stupidest thing I have ever read....

Aug 22, 2010 11:40 PM

we're not short on jews, send them over

Aug 22, 2010 4:06 PM

moral theft?  That's a peasant mentality.

You have no moral obligation to repay debt.  It is a contract matter, purely business.  The bank never actually had the money that it lent to you anyhow.

Aug 22, 2010 4:11 PM

not unless you can buy a bunch of hard to find physical assets and then default

Aug 22, 2010 4:17 PM

good lookin H&S pattern there

Aug 22, 2010 6:47 PM

Unfunded, bitchez

Aug 22, 2010 9:20 PM

Finally, bitchez

Aug 22, 2011 10:05 AM

yeah, they just came right out and said it...

Aug 22, 2011 11:25 AM

Monetize bitchez

Aug 22, 2011 11:45 AM

this must be the tailwind to the Gold price

Aug 22, 2011 11:51 AM

the debt-money system makes printing inevitable when credit cannot grow organically.

This is very simple math.  Debtmoney exists in a state of defacto default at all times.  The only thing preventing a great unwind is the expectation that the future will hold more borrowing.  If it does not, the interest owed on existing money begins to cannibalize the monetary base.

If the Bernank is smart, he will be seen as the Mises or Fisher or Keynes of the next century for his "monetary phenomena in CONTRACTIONARY economic climates."  Literally, this is greenfield for the economics profession.  Nobody has ever studied anything other than growth.

Aug 22, 2011 11:56 AM

at least Geithner is so short he won't have to get down on his knees to suck Pelosi's dick

Aug 22, 2011 3:02 PM

I can't agree with that...certainly monetary collapse was at hand.  But that doesn't mean the lights have to go out.

Aug 22, 2011 3:03 PM

A lizard

Aug 22, 2011 5:50 PM

the immigrations policies of the indigenous nations did not make such settlement illegal.

Aug 22, 2011 5:56 PM

the sheeple will never awaken, nor would you want them to

Aug 22, 2011 6:00 PM

huh?  These guys are jews, not whites

Aug 22, 2011 6:01 PM

and the NY DAs are recommending dropping all charges against DSK...free man

Aug 22, 2011 6:01 PM

DSK is cleared, free...charges will be dropped

Aug 22, 2011 6:59 PM

yeah, I saw 14-period RSI in excess of 80 today, which is pretty overbought.  Last time it went up to these rarified heights it traded mostly sideways after a correction, for a period of 2 or 3 months

Aug 22, 2011 7:00 PM

how about the days when you could get 3 oz and remain under the Patriot Act limit?  You can almost not get one now.  It hits 1950 and one ounce will require documents

Aug 22, 2011 7:04 PM

and the deer in lights pic has got to be on that.  If we can get Keanu to say "bogus" in his Matrix togs along with it, that is epic mark-out moment

Aug 22, 2011 7:07 PM

more interesting than the dollar price is the price in other currencies.

You've got 4 digits in everything (sounds like my previous gf lol), 146k yen (strong yen?), 1329 EUR, 1159 GBP, freakin 3059 reais (from a trading range down in the 2200s before this breakout)...gold is just cranking momentum in all currencies at this point.

Aug 22, 2011 8:19 PM

huh???  I said you USED to be able to get 3 oz under the limit.  The Patriot Act requires ID documentation and a paper trail at $2000

Aug 23, 2010 1:02 PM

inflation = decrease in value of money with respect to goods and services.  CAUSES: increase in money supply, decrease in faith in currency.

Deflation = the opposite.

The FRNbugs or deflationists don't seem to understand how this will work.  Credit is deflating.  However, most production is debt-driven.  As debt goes, so goes production.  Normal supply/demand laws with respect to remaining production means prices STAY UP.

The FRN will NOT ever be precious.  Anyone stockpiling the paper notes of a bankrupt state is a fool.

Aug 23, 2010 1:52 PM

these are monetarist definitions...and who fkin cares?

What does it MATTER if money supply increases or decreases EXCEPT in what the EFFECTS are out here in the real world?

The fundamental question and argument is whether stockpiling the paper notes of a bankrupt State is a good idea vis a vis stockpiling a shiny metal or other real asset.

At some point when credit-driven production gluts are worked out, new supply will not manifest at affordable prices.  How many McMansions can be sold in Detroit?  There's no INCOME for them and the fundamental energy and materials costs requisite to stand them up cannot be made to be zero.

At some point, products sell for cost of construction.  And production declines.  It's as simple as that.  Those waiting for their FRNs to fetch a house based on oil at $5/bbl will die broke.  Economies can be wrung out, such as manufactured housing, but the fundamental lumber and materials and energy have real costs associated with them that the endeavor CANNOT be sold below.

Aug 23, 2010 1:56 PM

gold is at $1227.  It still has value.  Even a McMansion hasn't gone to 0 like pets.com or tulip bulbs or your IQ

 

Aug 23, 2010 11:46 AM

Precious dollar bugs take note.

If dollars become THAT precious, they gonna just take them from you.

Aug 23, 2010 11:55 AM

yes, we should imitate the EM and pretend that activity here is still as profitable as there.

We should pretend that our oilfields aren't tapped out and that we can just print our way to profitable extraction, just like the of-yet untapped EM fields out there

Aug 23, 2010 2:02 PM

Except in this case, he is CORRECT.  He is merely repeating me.

There is no demand for money at 4%.  There will be even less at 18%.

18% is a recipe for the most savage deflation you have ever seen or ever will see, precipitating immediate collapse.

The other guy posting about debts getting sold off is why high rates are associated with inflation when in fact they are deflationary by themselves.

Rates CANNOT go organically to 18%.  They are already ridiculously low and there is STILL NO DEMAND.  The banks and Fed are *following* the market.

An artificial rate regime at 18% would destroy everyone who has any paper.

Aug 23, 2010 6:25 PM

Dude...let's take a step back and look at this.  Deflationists seem to miss the forest for the trees.

The USG is the most heavily indebted entity on the planet.  How would THEY be able to tolerate deflation?  It'd kill them as surely as it nearly killed every levered player in 2008.

The USG can incontrovertibly not repay ITS debts.  How the hell can the FRN maintain worth in the face of that?  I understand that the "math" says that the FRN becomes more worthful as deflation sets in, but this simply defies any common sense or intelligence, because the FRN is the note of a bankrupt sovereign and a bankrupt central bank.  Only in bizarro world can that become more worthful.

Eventually as deflation continues to grind, confidence in the FRN will evaporate.  Military or not.  Nukes or not.  Reserve currency or not.  And then it is all over in a heartbeat.

Is that TODAY?  No.  Obviously not.  Is it coming?  Of course, just as surely as a Pound Sterling is a fraction of a pound now (11 pounds to the ozt of Ag) despite the UK having suffered "deflation" in the 1930s and god remembers how many wars and the South Seas bubble and all that shit along the way.

The Pound's march toward ever-smaller fractions of an ACTUAL pound of sterling silver has been RELENTLESS.  So shall it be with the dollar.  By hook or by crook man.

Study freakin history.  Deflation precedes devaluation as surely as night follows day.  It is the ONLY way to make the math work.  I marvel at precious dollar FRNbugs, I really do, thinking that this time will be different from every other time in history and the FRN will simply live forever.  It won't.

So, you can either prepare now for that or try to be a vulture and pick up wallets and cellphones and watches DURING the panic stampede out of the burning nightclub.  FRNbugs must fancy that there is some exit that the rest of the patrons don't know about, or that they are fireproof, or Batman.

Aug 23, 2010 6:40 PM

What was so bad about Hitler compared to all the other leaders back then?  He didn't do anything the rest of them wouldn't and didn't do.  Germany wanted rid of their banking clan and all their cousins.  Had Ben Gurion not been interested in making a political play for international recognition, they all would have moved to palestine.

Now, it turns out that Germany has a saner fiscal posture and policy, is not a warmongering imperial nation, they've gotten back to essentially protestant values of work and community.  They are one of the pillars of stability now in the world.  Nations with large tribe contingents are still warmongering and running confetti ponzis.

I mean, how many Germans did WE kill?  How many did the Soviets?  It was bad to be a polish woman during any part of this war, and the Soviets invaded, occupied and pillaged most of eastern europe for 40 years after the war.  Looking at the relative carnage, Hitler just doesn't make the grade as far as psychopathic dictators go, not compared to some of his contemporaries and many others throughout history.

Aug 23, 2010 6:47 PM

Um, JB, the "reserve currency" has no intrinsic value.

All it has presently is our stranglehold on the House of Saud and our occupation of the ME.  Neither of these is immutable.

Perhaps we will see a roman-esque multicentury decline, but that's anybody's guess.  But the fact that the FRN is reserve is meaningless.  It has no value beyond confidence in it and our military extortion racket.

As WW2 proved, nations can rise from poverty to world military power in relatively short timeframes.  A few better strategic concessions here or there and the Axis powers could have easily avoided destruction.

ALL paper currencies go to zero; this is an axiom.  The Pound Sterling...you know why it's called that, right?  It's what it originally was.  READ it.  Now tell me how much sterling a GBP fetches today.  It went from reserve to not, has survived the death of the Empire, depressions, bubbles' bursting, etc., sure it's still worth something, but it ain't buying you no pound of sterling anymore.

Aug 23, 2010 6:52 PM

Are you fking stupid?

What did FDR do to the dollar during the Depression? 

Idiot.  How much sterling does a pound now fetch?

Fiats' march toward zero is unabated.  The interest on today's debt doesn't exist, man; it HAS to be printed.  The type of en masse repudiation that money-supply-consuming deflation will cause will render the values of debts worthless.  PAPER claims will be worthless and that is what the FRN is.

WTF good is a debt note obligating someone to pay you a sum of FRNs if the FRN has become "priceless"?  The debt will simply NOT BE PAID and your claim is a bagel.

Meanwhile, debt-driven production will drop and prices of consumables and past-peak commodities will march higher

Aug 23, 2010 7:05 PM

This is easy.  I been meaning to create some content on how oil and credit work, but just been too lazy.

anyhow, the 2007 oil runup was fueled by the fact that global consumption had exceeded global production for a prolonged period following the world C&C peak in 2005.  Inventories were under relentless drawdown.

Then, the credit cycle peaked as $140 oil simply rendered a LOT of shit totally uneconomical.  Just couldn't be done with those types of energy costs and the market prices that could be supported.

And I mean ALL kindsa shit, airlines, buses, taxis, everyday food related and ordinary things.  Uneconomical.  fuckin PIZZA delivery.  It cut into every margin everywhere.  FEDEX, UPS.  ALL started charging fuel surcharges to preserve margins and in some cases any profitability at all.

And this price increase across the board caused people to walk and get their own pizzas.  Demand collapsed.  The US cut daily oil consumption by 10% in fact from 20mbpd to around 18.  Consumption fell well below production, consequently, there was a glut.

But the price fell so low that it fell below the breakeven of nonconventionals, which bottom in the high $30s/bbl.  This caused that activity to be uneconomical so it got shut in.  Production dropped.  Slack capacity went away, up goes the price again.  Simple as that.

No conspiracies and no evil speculators necessary

Aug 23, 2010 7:39 PM

Argentina, MFER.

You trade it for whatever paper is when you need PAPER.

You do not dump the whole fuckin lot of it.

You trade it for things, ONE OF WHICH could be paper.  Wanna stockpile cattle, go ahead?

I'm not a goldbug.  It has no special magical properties other than people want it, just like a lot of other shit I may or may not agree with.  Diamonds for example.  USELESS when they are flawless and colorless.  Industrial use as a cutting or grinding tool.  But go figure, people highly covet the ones without color and inclusions.

If you wish to stockpile oil, hell, I would LOVE to do that, but can't.  Can't stockpile uranium either.  Cattle not so much, chickens, etc.  But SOME alternative to paper.  And if you NEED PAPER, you SWAP assets for paper.  If you need chickens and you have cows, SURELY even you can figure out how you could make this happen.

Aug 23, 2010 7:51 PM

JFC, you are ALL IDIOTS.

The money does not get destroyed.

The money already paid for the house and paid the builders and got redeposited elsewhere.  What got destroyed was the value of the debt obligation in real assets.

THAT is inflation, actually.  Debt loses its moneyness that way.  Defaulted debts stop fetching as many real things as they used to.

Everyone who doesn't understand the mechanics of monetary creation and even what inflation or deflation are should STFU, seriously.

That includes Mako, who speaks as if monetarism is an axiom.  IT'S NOT.  in fact, the QTM is the most ridiculous piece of rubbish in history.

Aug 23, 2010 8:03 PM

gosh, this is just BAD.

Don't equate money and debt if you don't mean to.

A defaulted debt is worth less than a non-defaulted one.

The ONLY way for money to be destroyed is for loans to be repaid.  THAT is what is occurring, a decrease in system leverage, or debt outstanding.

Interest cannibalizes the money supply and destroys money, default does not.  WTF does it matter if the fucking bank's asset sheet goes to 0 when they conjured the money in the first place?

In fact, what you end up with is UNBACKED NOTES in circulation, whereas they were formerly backed by a payment stream derived from real work or production.

For the life of me I do not understand why you guys see cascading default as deflationary.  It's not, it never has been.  Systemic default IS hyperinflation.

FRNs are only useful for repaying debts denominated in them, of which every single FRN came into existence as a result of.  If a debt security no longer commands FRNs, it has no worth.  you sure as shit ain't gonna get someone to trade gold for it.

This is precisely WHY we are seeing what appear to be BOTH inflation and deflation at the SAME TIME.  WTF, do I have to write a treatise on this shit?

The bottom line is that mainstream economics, DOUCHINGER AND MISH too, are WRONG.  They do not understand the fundamental nature of debt, the fiat notes conjured as a result of debt, and least of all how money is destroyed.

Fuck, if you can't get basic accounting right, and what is a liability and what is an asset, then how can you be expected to understand larger concepts?

If a bank lends $100, they have a note saying "IOU $100."  The borrower has $100.  There is not $200 in the system.  There is $100.  If the note is defaulted upon, the value of DEBT goes to 0.  Insofar as money and debt are fungible, there are concomitant deflationary effects.  But as this proceeds to a systemic level, debt starts to lose moneyness.  When this occurs, the notes BASED on the debt whose purpose and existence depend upon the debt, begin to lose theirs too.

Aug 23, 2010 8:06 PM

this is because the Fed is desperate to preserve the moneyness of debt.  USD debt is their only product.

Aug 23, 2010 8:12 PM

Only one asset has gone in one direction, and that's the DOLLAR, you fucking moron.

How many pounds does it cost to buy a POUND STERLING now?

Britain had the reserve currency and the world's strongest military and was the largest empire the world had ever known.

Tell me how many pounds it takes to buy a pound.

 

Aug 23, 2010 8:18 PM

nothing at all wrong with this...TALLY STICKS.

The essence of FIAT.

No requirement here to BORROW from a bank to get the notes.

CA issues them and then taxes them out of existence.  Money without interest.

 

Aug 23, 2010 8:28 PM

CHF busted out Hungary.

This is the inflation/deflation that Jefferson was talking about.  Switzerland gonna own Hungary on paper.

Aug 23, 2011 1:40 PM

uh...that famine was as a result of a German blockade.

if the oil "runs out" you're gonna need more than a fuckin garden.  everybody is going to need 5+ acres.

Aug 23, 2011 1:44 PM

lol...ever actually BEEN to yugoslavia?  Belgrade is still there, as are all the other cities.  Fuck, even Beirut is still there.

People who lived in the country got run off their property by advancing albanians and kosovars.  I know bosnian serbs who went from having all of this property you speak of to living in a car just due to the vagueries of war.

Putting a tent stake down is not a good idea...and if you want power and lights and protection from warlords for the most part, the city is where you end up - JUST LIKE IN THE THIRD WORLD NOW where things are already in many cases far enough gone to begin with that they look like MadMax to the average American.

I wonder wtf you guys do with your vacations if not travel and see places.  There are right now, today, a ton of areas where people are living in what you would consider madmax. 

Aug 23, 2011 10:26 AM

...in case they have to leave the euro and need to support their currency.  Duh

Aug 23, 2011 12:21 PM

The cities are the place to be because that is where the political power lies.

The rural areas lack the votes to even keep the food they grow.

ANYONE who says to retreat to a rural area because there is food there is a fool.  They think food magically grows itself in the absence of petrochemical agriculture?  In Argentina's collapse the lights stayed on in the city, police services stayed in the city.  These things were often nonexistent in rural areas because those people lack votes and power.

The notion that city dwellers are going to roam the countryside looking for food...where does this stupid shit come from?  I am tired of idiotic articles like this from TD day in and day out from morons thinking we collapse to MadMax and everything just goes to shit and you can hide in a bunker somewhere with a bunch of canned ham.

Aug 23, 2011 12:38 PM

well fuck, they stuffed CFC and MER inside BAC, wtf did they expect when these rats finally chewed their way to the light?

Aug 23, 2011 3:34 PM

i'm looking in everyone's yard and I am not seeing any.

Perhaps you might wanna look up petrochem agro for a bit if you want to get a reality check.  Growing enough food to feed yourself without it is backbreaking work which requires dawn to dusk effort not just from you but from the kids as well.  This is why we have shit like daylight saving time still and why kids used to go out to work the farm with the dad at dawn.

It's time to get the fuck real, seriously.  If TSHTF like you misanthropes salivate for, you're going to die very quickly.  Luck is the only thing which helps in a catastrophe of that magnitude.

Aug 23, 2011 3:35 PM

I would bet a krugerrand that if we peeked under the covers of your stupid little farm, we'd see petrochem as far as the eye could see.  In the shit you run your tractors on, the shit you feed those animals, and in a million other places.  You're doomed.

Aug 23, 2011 3:38 PM

and of course you don't EVER use electricity provided by some distant power plant?

GFD will you people just think through shit?  You actually sat down on a fuckin computer and typed this out and posted it on the internet to say that you can ride everything out in a small village like frenchies a century ago?

Aug 23, 2011 3:50 PM

you and tyler are stupid.

Lake Anna RIGHT NEAR THE EPICENTER has a NPP, only built to withstand quakes about this powerful.

NYC is not the freaking world

Aug 23, 2011 3:55 PM

no fkin shit...do people think that bc Indian Point is near the ALMIGHTY new york fucking city that it is the ONLY NPP on the east coast?

Lake Anna is known for good waterskiing precisely because of coolant flow from the NPPs there.  It's like Indian Point is the only plant anywhere near anyone...because of WALL STREET OMFG

Aug 23, 2011 3:57 PM

the geology is different here...quakes propagate significantly further and with less loss of energy over distance

Aug 23, 2011 4:01 PM

I wait for him to claim he inherited the earthquake

Aug 23, 2011 4:03 PM

that, like everything else, is Busch's fault

Aug 23, 2011 4:08 PM

does a homo like bama strike you as the chicken and waffles type?  Mfer didn't even know how to order a burger

Aug 23, 2011 4:10 PM

yeah, it only looks shitty up close.

We won't know if Lake Anna NPP cracked and is venting Cs137 into the metro area for another week or so, surely.  Shit, I really should have picked up a geiger counter for a bd present

Aug 23, 2011 4:23 PM

well if we see it go pop like fukushima, I am DEFINITELY outta here

Aug 23, 2011 4:25 PM

and you've proven beyond any doubt that you are not the sharpest tool in that shed

Aug 23, 2011 4:33 PM

you look into that number a bit and you see how bad it is.  45% *strongly* disapprove.  At this particular point, a dead dog could beat him.  Rasmussen polls LVs, not the general public, and his results typically bullseye.

A 45% strong disapproval is nearly an electoral loss in and of itself.  A couple more percentage points and you cannot win.  Busch towards the end of his reign had ratings in the -30s, which is spitting distance away from here.  Some of the ethnic data is suggesting all time low support among hispanics.  Obama appears to only have the worst of the YT guilt crowd libtards and the black bloc going for him as strongly favorable right now.  Gallup has him at nearly 90% approval rating from blacks.  32% whites, 44% hispanics.  Gee, which group is out of touch?

There simply can be no common ground and several people here need to wake the fuck up.

Aug 23, 2011 4:49 PM

this article is nonsense...gold was technically overbought and there were a number of us looking to short it.  I had planned to enter short today but the drop began overnight and I just couldn't find my price

Aug 23, 2011 5:00 PM

why do you think I refer to GWB as "Busch"?  I am not misspelling it unintentionally

Aug 23, 2011 5:01 PM

yeah, bc with Tiger in the tank, the PGA and all the guilty YTs all over the country need their Great Black Hope back

Aug 23, 2011 5:05 PM

you guys can't help but find a conspiracy everywhere, can you?  The polling results matched what the outcome was in the past few elections.  The fraud that existed came out of paper counties and democrat-heavy cities.

Aug 23, 2011 5:14 PM

i blame black people for things they are to blame for, moron.

As far as faith in the currency, that's horseshit so far.  I expect that somebody has been printing somewhere, explaining gold's strength in all currencies.  Or maybe everyone is.

Aug 23, 2011 5:16 PM

are you talking to ME, jackass?

Gold had a 14-period RSI in excess of freakin 80.  It was making a 2nd top on clear technical divergence from the previous one.  Simply a matter of moving too far, too fast.  In fact, I said this on the gold thread YESTERDAY.  If you were paying attention, you could have made a lot of that worthless fiat which gets you more stupid silver Eagles yesterday than today

Aug 24, 2010 10:25 PM

of course this will happen.

If you put food in front of animals, you'll draw more of them.  They'll multiply with the abundance.  Put a whole bunch of shit out and see how many more flies you get.

But this won't save the fish in the near-term.  The death to various animals and whatnot will continue, however, the Gulf will right itself eventually.  Fishing will have to be destroyed just like it was in a lot of the Pac NW when the clearcut soil runoffs choked the spawning grounds.  Nature will clean itself up eventually.

All this kvetching over species is a bit misguided.  There's a high probability that within the next 100M years, 75-90% of species will get wiped out.  It's happened every so often on this planet, big dieoff events.  So we shouldn't weep for "Mother Earth," she will outlast us.

We've multiplied as the oil production curve has permitted us too. Study graphs of world population overlayed atop the coal and oil ages.  We've grown like these bacteria will.  And when the supply peaks, their population will crash.  In fact, a study of the rapid growth and subsequent collapse of bacteria populations as they outrace their energy supply should be something that we study and enact public policy on.

Next time I hear someone condemn Bama's science czar for being a eugenicist or wanting to sterilize people, I may shit bricks.  WTF else is our alternative?  We cannot keep growing forever and the consumption glut in the West that has led to lower population growth cannot continue indefinitely.

There's a reason that this blessed plot now supports more than 300M people when the injuns numbered only a fraction thereof and it wasn't because they were at ALL in "harmony" with the land.  Every large land mammal on this continent was extincted within the last 10,000 years, anything bigger than a bison.  You can see their fossils at natural history museums.  The peace-loving, nature-harmonious, noble savages had a hand in that.

Aug 24, 2010 10:33 PM

Screw that.  don't be a masochist.

This situation here is like GS and the elites are the nurse AND the person who lit you afire.

If pain comes of its own accord, then fine.  But we've had our assholes ripped open by these rapists and now they want to dump a full container of Morton's onto it.

Let THEM suffer.

We have too many "austerians" who nothing more than misanthropes.  NONE of this is necessary.  Sure, we need to adjust, but we do not need to have a trial by fire.

Aug 24, 2010 10:39 PM

two things:  one, I am AMAZED that there is any money at all in Illinois pensions, that the governors there haven't looted it, all the ghetto pavement apes and their less-pigmented enablers, the whole fucking lot of them, crooks.

Second thing is look at what GS is doing...look at what wall street is doing.  Encouraging the pension trustees to go for fucking broke; they CANNOT STAND that there is money out there somewhere.  These IBs EXIST to find people with money and bust them out.

Wall Street has to go, the parasitic banking clan has to go, the entire industry of usury has to go, and if it means ovens, then so be it.  They WILL NOT STOP until there is mass starvation and they are made to stop.  Because they don't fucking CARE about anyone other than themselves and their cousins.  Not a fucking whit. 

The Street will attempt to take every dollar from everyone it can find, even if it has to BRIBE every trustee directly to get them to sell their pensioners into poverty.  The Street MUST GO.  And take the Fed with them.

Aug 24, 2010 10:51 AM

goled bitchez just took a big spike $20 straight up

Aug 24, 2010 11:02 PM

Bubble, bitchez

Aug 24, 2010 11:08 AM

it's behavin like somethin i wish I had 1000oz of

Aug 24, 2010 2:45 PM

correlation, bitchez

Aug 24, 2010 3:19 PM

China's currency intervention is runnin on 30 years now, been doin fine

Aug 24, 2010 3:33 PM

Need to print more yen.

But everyone in debt (everyone) now needs a cheaper currency.  Those NOT in debt need a cheaper currency to keep their export ponzis going.

So, everyone should peg to the dollar and import OUR inflation.

Aug 24, 2010 3:39 PM

count me in, too.  Tho the A320 is ok, the rest of them suck.  Prefer GE and that this thing was made 100% here. 

But this whole shit about floppy wings, gfd half the planes aloft have composite wing sections now.

We'll see how well the "globally sourced" shit works out; so far, not as well as hoped.

Aug 24, 2010 3:55 PM

jealous?

Aug 24, 2010 4:29 PM

This is superficial.

I've tried in many instances to explain synthetic debt so I'll give it another crack.  The CDS sellers did not hang onto the coupon.  They securitized it.

This technique permitted net notional outstanding and credit to grow far in excess of what any real economy would have permitted.  It also goosed the shit out of GDP.

There were derivatives based upon equity tranches of CDS payment streams.  Nobody has any fucking clue where this paper trail runs, but these toxic shitpiles are out there all over the world, just waiting to implode if not liquified.  CDSs are like bonds in reverse, except without the capital.  They are ideal for synthesizing securitized debt instruments to maintain fee flow.  They've been a license for Wall Street to print fucking money.

Only idiots like AIG were stupid enough to not net out.  GS stands only in the middle of most of these things, having written the CDSs then tranched and sold off the payments, taking fees and a skim with them.  These mfers even tranched up tranches.  Pile a bunch of equity tranches into another CDO and call the supersenior of that CDO^2 AAA+.

This is what grew credit and how the banking titans got rich...by manufacturing demand for FRN product far beyond the organic demand, creating their own credit originations and skimming the flow of money across their derivatives desks.

When the music stopped, they all nearly died not because of real exposure but because too much of this shit was clogged up in their off-sheet SIVs.  None of them had stopped the manufacturing of debt and they were on-hook for liquidity events as a result of having to service product in the middle stages of manufacture.

Think of it like this...a drug dealer buys a lot of raw material for meth on credit.  His meth lab gets blown up or burns down.  He's got a liquidity problem.  That's literally what happened to Wall Street.  The end market froze completely and they still owed for the raw materials in their SIVs.

Aug 24, 2010 4:30 PM

An actual pound of sterling has done well against the Pound Sterling over these last 400 years

Aug 24, 2010 4:33 PM

this number omits the losses buried on the Fed's balance sheet.

It also overestimates Fandie losses

Aug 24, 2011 1:04 AM

then, to be blunt, you're both myopic and stupid.  Both are probably willful.

Black violence rates are higher across all socioeconomic spectra...in fact, rich blacks have crime rates (and average IQs) pretty close to lower-rung whites.

Simple facts.  Economics and education?  Well, you might want to look at adoption studies where ghetto kids are adopted into upper class white familes.  Do you suppose they tend to do as well as their adopted siblings who are naturally born from the parents or do you suppose they trend more toward their biological heredity?  And, on the flipside, east asian kids adopted into white families (again, POOR AS SHIT 3rd world asian kids) tend to do...drum roll...BETTER than the white kids!  Again, nurture or nature?

I've got bad news for you: it's the latter.  Maybe it is epigenetic but it is STILL hereditary.

Aug 24, 2011 1:08 AM

not when the federal gov't disproportionately promotes blacks on the basis of skin color.  The black middle class in the USA is an artificial gov't creation.  And, Obama just froze hiring for white people.  Well, he didn't say that, he froze hiring until more diversity could be promoted.  Simple problem though is that blacks are grossly OVERrepresented on the federal payroll.  In some agencies, they occupy half the positions (inc GSEs like FNM and FRE).  But Mont Cty isn't majority black...PG might be and now it's a clusterfuck

Aug 24, 2011 1:09 AM

you keep pissing into the wind against me RNR...you had your chance with the cards and blew it; just not fast enough.

You call me out on nothing, boy

Aug 24, 2011 1:15 AM

LOL...I like that.

But, the reality is that I go with the TRUTH irrespective of its popularity.

Look at my junk rating for suggesting gold was technically overbought...it WAS.  It's inarguable that it was.  It needed to correct. 

These same idiots were frothing with mosely-claven over silver and MANY of us were warning them not to jump into that pool headfirst, but to wait a bit.  And they bit our heads off.  And then look what happened.  The clavens were wrong, and they led fools off a cliff.  Had those pumpers simply said wait for the correction, they'd have gotten their lemmings WAY more physical silver for their fiatscos.

ZH has its own orthodoxy and its own set of echoes in the chamber.  At times I may hold a opinion (based on truth) which is consistent with this orthodoxy and at times I may not.  It is not that I am being unreasonable; it is that you suddenly do not want to hear the truth.

Aug 24, 2011 1:19 AM

you fucking bitch, you led those people OFF A FUCKING CLIFF at $50.

It's taken HOW MANY months to crack 40 again?  Dead money- they would have been better-served by saving their fiatscos and trading them in for silver which is miraculously STILL available when it bottomed in the low 30s.

Reading you cast yourself as fuckin ZORRO or some kind of hero to the sheep...wtf.  You are their worst enemy- a fool leading the blind.

Aug 24, 2011 1:31 AM

who were those greatest people?  The Wrights?  Edison?  Tesla?  Newton?  Archimedes?

The problem here that we have is that actually nearly ALL of the people who are controlling finance and media ARE jews.  This does not mean ALL jews control finance and media as our ostensibly jewish friend the BK lawyer apparently isn't in the right synagogue.

However, I'm sure we can find ample nepotism in his background, but obviously not enough to get him to plutocrat.

Aug 24, 2011 1:35 AM

here you are again salivating at the chance to be an oligarch...you piece of shit

Aug 24, 2011 10:01 AM

yes, WW2 was an elective war for us.  There is 0% chance Germany would have ever invaded the USA and 0% the Japs would have either.  Germany lacked the navy and Japan lacked the army.

The tide had already turned on the Germans after the destruction of 6th Army and they were defeated on the Eastern Front long before we entered the war.  Yet we congratulate ourselves for winning WW2.  Sure, we did defeat Japan but we did not win the war in Europe.

Aug 24, 2011 11:38 AM

wtf?!?! just yesterday you called me stupid for suggesting gold was overbought...put your tits away and STFU

Aug 24, 2011 11:54 AM

QE will have to be in concert with the ECB; we simply can't just print the dollar without totally fucking all the FX crosses at this point.

Aug 24, 2011 11:55 AM

and yet here you are aping me...go figure

Aug 24, 2011 11:59 AM

the real problem is this:  the Fed is willing to print but not in the quantities that the politicians seem to expect.

the bernank has REPEATEDLY called for some fiscal discipline on the Hill and they told him to go fuck himself.  Bernank deals with his banker peers across the world who are like wtf bitch you are killing our export sector, but the politicians deal with each other and constituent cronies who bribe them (sometimes these may be bankers).

The bernank has sovereigns to answer to, as opposed to just Wall St.  When the Congress went into the debt ceiling like they did, and emerged with NOT ONE DOLLAR worth of real cuts, and instead expecting (along with Bama), $2T deficits until the next admin, when they will likely go to 4, then 8, etc., the Bernank may be having to cut off the punchbowl a bit.

Aug 24, 2011 12:35 PM

yeah...the 10 year projection is forecasting deficits, what...1/3 of what they are now?  How in the fk is this gonna happen?

And the revised case is $350B/yr?  GTFO here with that BS, CBO

Aug 24, 2011 12:42 AM

the engineers I know...all of us were talking about this shit before the internet existed.  Hell, back in like 1995 I said that the only way out was printing money.  Were you even potty trained then?

Aug 24, 2011 12:43 AM

I can't say what needs to be said in 3 paragraphs or less...

Aug 24, 2011 12:50 AM

ROTFL...South Africa?  With a homicide rate higher than that in IRAQ during the war?  WTF are you smoking, crackhead?

DeathofJohannesburg blog...look at that shit...there is your success?  Where?

Incarceration rate low because the police do SHIT.  Murder rate twice as high as even Detroilet, and then some.  South Africa WAS a success just like Rhodesia WAS.

Aug 24, 2011 12:54 PM

Robbery, bitchez

Aug 24, 2011 12:58 AM

WTF...how about this:  I was never hurt by anyone from another race.  I can't see how you can say "reason" and then emotionalize in the same sentence...oh yeah, you're a woman.

I am stating FACTS, Ms.  FACTS.  Call them "hate facts," as I do...but they are still facts.  And that is what unsettles you the most.  There is nothing in error about any fact I have stated, yet they still seem rayciss.  That would indicate that the problem is on your end.  Facts should not cause you to have this sort of reaction.

I don't know wtf individuals or these people from other races have to do with the generalization.  Individual cases say nothing about valid statistical generalizations (and the converse is true too).

Some of us DO NOT take one or two anecdotes and apply them as generalizations.  In fact, I've known vastly more noncriminal black people than the opposite over the years, but this DOES NOT CHANGE the valid statistical generalization.  It does not change that areas with high concentrations of blacks will have high crime rates.  It does not change that black HS graduation rates are 50% or that herpes infection rates among black women are 50% despite the black women I've slept with not having been infected and the blacks I know all having graduated highschool.

It would be the height of idiocy to PROJECT (as you have done) the traits of the blacks or hispanics or asians or indians or anybody else that *I* know as representative of the larger trends of groups they belong to simply because MY situation is not typical either (nor is yours)!  To understand larger trends, you must simply study them.  I have known a couple of white murderers and one hispanic.  Does this mean that homicides are 66% white and 33% hispanic-committed?  Of course not.  My personal situation is NOT representative and neither is yours.

And love got nuthin to do with that.  Love away, but keep your ass out of black-concentrated neighborhoods if you want to stay unrobbed and unraped.

Aug 24, 2011 2:27 PM

uh, Durden, there is more to the East Coast than your motherfuckin beloved NYC

Aug 24, 2011 2:28 PM

Britain is screwed...bitchez

Aug 24, 2011 2:32 PM

the UK's hail mary was importing a ton of 3rd worlders who they hoped would be their next-stage on the pyramid of growth and instead those people just sucked the fucking State dry and have tried to impose sharia and shit everywhere they've gone, trying to take the UK to the state of the shithole they came from.

And you've got blacks rioting and burning and looting because the cops shot a gangbanger or because black youth are being frisked frequently (black youth commit nearly 100% of their crime where they comprise even a sizable minority).  Juxtapose this with a pussy YT guilt population that has decided to commit suicide and you have a recipe for FUKD.

Children of Men...won't be Britain soldiering on...

Aug 24, 2011 2:35 PM

racial warfare is already open if you are at one of these big state fairs or "black family reunions"

Aug 24, 2011 2:40 PM

if you were him, wouldn't you?  WTF, hell yes you would

Aug 24, 2011 2:42 PM

oh this is just bullshit...the middle class isn't in a position to prevent the lower class from doing anything.  Who the fuck is denying the lower class access to anything?  The middle class pays the taxes to overfund the schools the lower classes destroy.

Aug 24, 2011 3:47 PM

Bletchley Park anyone?

Aug 24, 2011 3:48 PM

no it wasn't.  Blacks and browns have been background scenery

Aug 24, 2011 3:50 PM

"lots" of rioters?  How about quantifying that?

It's easy to say "lots" of murders were committed in NYC by whites, but 90% of them were still done by blacks and hispanics.

Aug 24, 2011 4:06 PM

so the Fed is going to reverse repo cash to the banks?  Aren't the NBRs the banks' cash?

Aug 24, 2011 4:45 PM

every intervention tends to coincide with a technical extreme in the market so as to achieve maximum effect.

Aug 24, 2011 8:51 PM

you are free to write software and give it away

Aug 24, 2011 8:53 PM

iDon'tCare

Aug 24, 2011 8:58 PM

fuck Apple...have always hated them, always will.  It's a brand, they could put the logo on a turd and people would stand in line for them.  Everyone has an iPhone now, totally played out.  And fuck google too.

The irony is that microsoft's products and those bastard intel chips are what resurrected Apple from the grave

Aug 24, 2011 9:45 AM

I'm not...I believe it's better to let them starve to death than to never have them at all.  Viva la perpetual growth!!

Aug 25, 2010 10:52 AM

The executive class systematically stole all cash flow for the past 20 years, swapping it for share price ponzis.

The supposedly conservative mooch fund and pensions that owned their shares LET them get away with it, as these are the true owners of the SP500.  I guess they got drunk with the "growth" returns and everyone drank the koolaid.  People actually have said dividends suck and you should go for the share price.  The ponzi makes next Q's share price all-important for execs to capture the real cash in terms of bonuses.  That is the game.

And they don't care if they wreck the fucking company.  A few years of ponzi followed by all-out collapse and BK is more lucrative to an executive than 20 years of well-run, sustainable, dividend producing operations.

Aug 25, 2010 10:55 AM

as I expect yields to continue to decline, I expect capgains from MLPs.  Been playing these for a while.  Being paid to own something, you know like being an actual OWNER of a share of a venture, is nice.

The steals of the century were certain coal and pipeline MLPs during the 08 crash.

Aug 25, 2010 11:30 PM

Vicious, bitchez

Aug 25, 2010 3:50 PM

you could, um, just turn around and buy more physical with the cash you still have

Aug 25, 2010 3:59 PM

I'm the nicest guy here.

Just look at the smiley.

Goled, bitchez!

Aug 25, 2010 5:07 PM

I think they were pissed where I called them pavement apes

Aug 25, 2010 5:09 PM

Mort, you and your cousins need to go strangle some other nation

Aug 25, 2010 8:32 AM

I agree...this monetary system needs to go.

But we do not have to suffer 3rd degree burns or the apocalypse as a result.

USians could cut our oil consumption in half and still live very well.  There are many of us here who were alive in the 70s and don't recall grinding poverty or austerity.

The problem is that consumption per capita of energy is pretty much the arbiter of wealth for a society.  And ours has gone UP, way up.

Aug 25, 2011 1:04 AM

China's ability to sink a CVN is highly debatable.  in wartime ASM, probably nil absent use of a nuke

Aug 25, 2011 1:50 PM

and then we will devolve into a regime where like in brazil, cops get gunned down all the time.

Aug 25, 2011 11:28 AM

YT?  Sound it out

Aug 26, 2010 10:07 PM

Uh, no you do NOT.  Crime rates are near 20-year lows.

NYC is safer than most medium sized cities.

Only Detroit and Baltimore and St. Louis and other medium cities with large percent black populations have significant violent crime rates.  There is no war zone out there, just urban blight confined to relatively small areas.  There is no breakdown whatsoever.

You watch WAY too much Death Wish.  Even Washington DC has gentrified most of the city proper now.  Sure, certain cities will be no-go's...Newark, Baltimore, Detroilet, parts of New Orleans, areas in Chicago.  But on the flipside, there's NYC, Washington, most of the cities on the west coast, the midwest, Salt Lake, Boise, etc. etc.  There are more cities and states WITHOUT these types of problems than there are with them.  Basically just look at racial demographics if you need a quick estimate of risk profile.

Aug 26, 2010 10:21 PM

YES.

How many of these stupid hyperinflation vs deflation threads have I said, jfc people stockpile WHATEVER floats your boat.

Land, coal, oil, silver, gold, platinum, diamonds, wheat, wood, cigarettes, yes, even PUSSIES.  If you can stockpile pussies for trading, SURE.  Pussies have value now and in the future and can be traded for other things that you want.

Gold has no special inherent value beyond any other thing that people want.  If a pack of smokes costs $5 and gold $1200, the market is saying that the ratio of smokes to gold is 240:1.  A pussy can be rented for $50 these days, and a higher quality pussy for $100 or even more.  So the market is saying that low-grade pussies are at 24:1 to gold and higher grade pussies 12:1 or even a lower ratio.  These are all just real assets, no more, no less.  Market says gold is 2:1 to rhodium right now...market says Californium-252 is 1:1,000,000 to gold.  To own a pussy instead of rent it, hell, that may be 1:1 to gold, I'm not that up to speed on this market, could even be more depending upon the quality of the pussy's life support system.

If you want real assets, amass and save whatever floats your boat.

Aug 26, 2010 10:37 PM

You think I don't have ample ammo?

Telling people to stockpile ammo and stockpiling ammo is an idiot's errand.  Ammo has never, excepting nations at war and under siege, been a currency.

Ammo is USELESS in a breakdown.  I know that's hard for you guys to grasp because you think you're the protagonist in SOCOM or Call of Duty.

2 legged predators?  Nice fantasy.  In madmax you want to avoid gunfights LIKE THE PLAGUE.  I guess it never occurred to you geniuses that a gunshot wound without effective medical care means amputation or infection and death.

You want to stockpile something useful, stockpile antibiotics or aspirin.  I feel like this place is Gorillas in the Mist sometimes, with the utterly nonsensical shit some of you say.

A person with a child dying from fever is your "captive audience."  What the fuck does your ammo have to offer ANYONE except those who are interested in killing?  According to you guys, the cities are already warzones and the zombies are about to start roaming the burbs looking for brains.  Trust me, you guys are SAFE.

Aug 26, 2010 10:55 PM

Trust me on this one:  if it comes to madmax, you won't be out shooting 10000 rounds a year, bud.

You'll be run out of your bunker, smoked out by me and the zombie hordes, and be packing at most one rifle and maybe 200 rounds.  If you load yourself down with all that ammo, me and the hordes will quickly run you down.

See, there are going to be way more of the zombies than you.  And the zombies will vote for politicians who promise to drive Abrams straight up your backside.

You're spot-on about medicine...infinitely more valuable than ammunition.

Hell, man, if it comes to this, just grow poppies and MJ like they do in Afghanistan.  The local warlords are gonna make you do it anyhow.

How long do lone gun survivalist types last in the face of Mexican drug gangs.  Sorry, the whole guns&ammo crowd hasn't actually done very much thinking.

MOBILITY is what matters in an apocalypse.  So maybe me and the hordes see your little compound.  Maybe you have a .338 Lapua and a few crazy friends and you have standoff capability.  So, we just poison your damned farm.  Spread the wrong shit all over you or blow up an industrial plant upwind or pour some nasty shit into the stream upriver or we just like light the whole motherfucking thing on fire.

Trust me, you're coming out and you're going to be running with what you can carry on your back.  The Heat Rule is in full effect in such a situation.

Aug 26, 2010 11:00 PM

ROTFL.

We have this big nuclear fireball in the sky that provides all the Vitamin D one could need.  It's called the sun.  Check it out sometime.

As for the particulate masks, LOL.  So, um, when the bomb goes off that pollutes your ENTIRE FUCKING COMPOUND, what do you do with all that ammo?  Shoot all the chickens and goats with it?

MOBILITY is what matters and flexibility.  This is one of the advantages of gold for example versus other real assets.  Opium is certainly an alternative, as are diamonds or lots of other things people want like medicines such as antibiotics.  But last i heard the MORE primitive people were the more they seem to desire gold, all the way down to nomads roaming the fucking Sahara desert and eating camel shit.

Aug 26, 2010 11:01 PM

NO, MORON...you melt it into the shape of a fucking CALF and then rally a vast jew army

Aug 26, 2010 11:07 PM

Does your land have a deed registered with the government?

Then, yeah, um...we will know where you are.

And we are COMING FOR YOU, Colonel Cooper...not your guns and ammo, just you.  We want to force you to join the vast roaming zombie hordes.

You ever see Dr. Zhivago?  I recommend ALL the bug out mountaintop compound madmaxers to watch this movie.  When the "Party" pastes a placard to your farmhouse saying "property of the Party, no entrance, penalty death," it might wake ya up.

Aug 26, 2010 11:13 PM

FDR lopped 40% off the dollar overnight...that inflationary enough for ya?

Aug 26, 2010 5:08 PM

change the system.
Billions don't have to die to sate apocalyptic misanthropes such as you

Aug 26, 2010 6:24 PM

Idiotic.

Ammo is subject to the same (and more actually) confiscation concerns as gold or any other asset.  Ammo can be seized and support therefor would be relatively broad.

Ammo is also, in a societal breakdown, relatively USELESS.  Read that again.

You cannot shoot your way to prosperity.  Ammo is a tool, if everyone is shooting, sure it's great to have, but not so great as being nowhere in the area.  Short of societies under a state of siege warfare (like Serbia) ammo has not been a currency.  And certainly, it has not compared to gold or silver or diamonds or art...ever.

Oh wait, you say, you can shoot animals with it.  Riiiight.  300M starving people.  How long you think the animal supply will last - look at Haiti.  Some people are stockpiling 10,000 rounds...for what?  Too heavy to transport, how could you ever shoot that much?  Basically hoping for scarcity and black market need, hoping for violence, hoping for starvation.  Ammo is a true vulture's play.

Look how much soldiers carry on patrol; there's your guide.  What use would a pig owner have for ammunition once he already has some?  Ammo may enter a value bubble, but there are so many rounds out there that they will be distributed and supply will begin to dwarf demand.  If people are shooting THAT much, the demand will still drop because vast swathes of people will be shot dead.

Stockpiling ammunition is an idiot's errand.

Aug 26, 2010 6:31 PM

horseshit.

How much is a box of .45 worth, 230gr FMJ?  What, $25?  Look at the weight of the thing.  Compare it to just 2 oz of Ag.

Sure, ammo is a real asset and has real value, but it's not going to serve as currency.

If you get a drop in the supply of ammo due to economic collapse, what do you think this will do to the silver, gold, oil, wheat supplies?

Sure, you can trade ammo or guns or horses for other real things; it's always been that way.  Ammo is not scarce even now...there's plenty of it out there at the right dollar price.

Aug 26, 2010 6:43 PM

Serbia was in a state of war and under siege and bombardment.  They produce no oil and were quickly stripped of industrial capacity.

Note that this was NOT the experience for any South American nation, all of which have gone through a hyperinflation.  The two largest nations in S. Am are each on at least their 3rd currency in the past 20 years.  At no point did ammunition become a currency nor toilet paper.

Large relatively resource-rich nations can't be starved to scarcities in basics like this.  The US produces easily enough food to feed all of us, and still 5-6mbpd of oil per day, has relatively vast coal, gas, and uranium reserves, along with fresh water, timber, abundant wind, sun, and even hydro still out there.

Assuming we annex Canada in case of apocalypse, we have access to relatively gigantic additional reserves of oil, gas, uranium, coal, water, timber, and about every other mineral out there.  Just seizing the tarsands would get us to the production levels we were at near peak, granted these are 1970-era figures, but we seemed to be doing pretty ok back then.  Certainly not starving and having zombie outbreaks.

Aug 26, 2010 6:53 PM

Me and the rest of the zombie horde have guns and ammo too...we'll just shoot you and take all of it.

Aug 26, 2010 7:01 PM

ok, here's what's wrong with the bugout ammo crowd.

Maybe you have a group of friends, but you're in one place.  I am with the zombie hordes...we are many more.  We, too have guns and ammo.  But you were smart, you holed up in a nice strong house in arable land with abundant timber.

So, we just burn it ALL TO THE FUCKING GROUND.

Trust me, you'll come out.  Medieval people figured out how to lay sieges...apparently modern madmax idiots have forgotten.  Eventually, when the hordes start lobbing dead cows and corpses over your walls, you might wake up.  You ever heard of fire?  It TRUMPS guns and ammo.

Or maybe the zombie party will get political power and send an A10 your way to deliver some 30mm gift packages.

Aug 26, 2010 8:29 AM

I have personally noticed and commented on exactly the same phenomenon when in the 3rd world.  the locals tend to hate this type of situation and yearn for the US's "controlled" traffic environment.  But if you really pay attention, you can see how there is organization in the chaos and jams clear MUCH more quickly than they possibly would in the US.

We have idiots around where I live STOPPING for the flashing yellow, but if the light is off due to power outage, just speeding right through it.  They don't even have a basic grasp of interpersonal traffic control in them, nor even know the rules of the road.  They do shit assbackwards.

Aug 26, 2010 9:38 AM

collapse, bitchez

Aug 26, 2011 1:39 AM

a quote is a bid or ask...it's an order, just like if you did it.

Aug 26, 2011 1:41 AM

yes that is the point of trading rapidly, to be able to pull quotes before they can fill and to arbitrage

Aug 26, 2011 1:48 AM

dumbass, he said in DEVELOPED nations.  There is nobody yet starving in developed nations. 

Aug 26, 2011 1:51 AM

Starving in the Horn of Africa is the fault of Africans.

Perhaps it's the West's fault for sending them so much food as to facilitate rampant overpopulation and complete lack of interest in self-sustenance.  Why grow food when whitey will drop care packages?

Aug 26, 2011 11:28 AM

maybe because DELFATION is not a word

Aug 27, 2010 1:28 PM

You voted for obama, bitch

Aug 27, 2010 10:59 PM

84 is a ridiculous print for JPY...dunno how long the BOJ can sustain it here before the deflation stresses become unbearable.  They will be forced to buy dollars and dollar assets.  Could easily spark a rally.  Then we will print dollars and buy Treasuries and yen assets.  So maybe the japs can own the US and we can own Japan and we'll all just swap addresses.  Some of our citizens are a bit fat to be in Tokyo mansions, tho.

Aug 27, 2010 11:04 AM

This is just the camel's nose of austerity.

see, rich tribers like Mort own a TON of claim tickets to the upcoming liquidation in the form of USTs.  They want them ALL PAID BACK.  Out of your kids' organs if necessary.

Notice how they've shaped the public opinion toward "let's slash and burn and suffer."  We see this on ZH where there are people who are actually begging for mass suffering to come.

Austerity is the IMF's prescription for looting via deflation.  DO NOT BE MISLED by it.

The solution is to ABANDON the debt model and repudiate the claim tickets of shylocks like Mort.  Look, what Rothschild figured out is that if he could start a money-as-debt racket, the math would inevitably bankrupt the sovereign and then he could own the whole fucking country.  That is the POINT of usury!  For fuck's sake, recognize that. 

The whole POINT of tribe carpetbaggers in the south was to lend to blacks for the PURPOSE of acquiring their entire years' worth of sharecrop!  It's a way to make your MONEY work so that you do not have to.  And the con is so insidious that you can make PRETEND money turn into real things WITHOUT work.  It is the way of the PARASITE.

Only the very intelligent understand the mathematical inevitability of usury.  The stupid simply see the rich getting richer without working while the poor work harder and harder and go backwards.  Institutional Usury lets money "make" money without work and it INEVITABLY bankrupts the poor and stupid...this is why it and its purveyors have been reviled as con artists throughout history.

Usury mathematically leads to bankruptcy and liquidation.  Once the machine of geometric compounding is set into motion, there is a very short window to get out, after which it CANNOT be stopped and will proceed to its final, foredestined outcome.

Aug 27, 2010 2:36 PM

Moronic FALSE DILEMMA.

Anyone who voted for either major party candidate wasted their vote

Aug 27, 2010 2:46 PM

Fuck you, Mike Krieger.

The "elites" or whatever they think themselves to be, NEVER HAD THE RIGHT TO RULE.

Read the fucking Preamble and DOI.  BY, OF, FOR the People.

 

In fact, I know some of these "elites."  They hate the middle class.  It offends them that "those people" should have ANYTHING at all.  They hate riding in the same airplanes as you, that you can drive the same types of cars, that you can eat at the same restaurants, stay in the same hotels, or live in the same buildings as they do; they hate being in your presence.  They liked it better in the middle ages where they could run your children over with their carriages and they would do so without compunction.  It is THEIR right to have things, THEIR right to take what you have because it isn't YOUR RIGHT as a "commoner" to have it.  It's an offense against their natural order of things for you, the commoner, to be in possession of ANYTHING.

This is why they wage war against the middle class.  The middle class is full of people who are beneath them. 

Aug 27, 2010 5:49 PM

A couple of things:  don't EVER put yourself in my class.

The other is that if you really were smart you'd have either seen through Obama's bullshit for what it was or else have had the good sense to listen to one of us smart people as far as what you should have done.

I was on many forums telling people not to fall for this logical fallacy of false dilemma between D and R, and calling Obama "Teddy Ruxpin."  If you ever see that anywhere on the web, it came from me.

What I find most offensive is the conceit of the near-smart like you.  You aren't half as intelligent as you think you are and people like you with bloated egos and mediocre IQs are a dime a dozen.  Think you're brilliant, huh?  Then explain how the fuck you fell for the Obamacon.

Aug 27, 2010 5:54 PM

People like you would vote for a pile of shit with "your nose held."

that's what's wrong with you.  You vote for shit.

WOW...you helped "expose" the progressives.  LOL.

Look, a lot of you just need to stop talking and start paying attention; really, it's as simple as that.  What and who each of these candidates was and who they represented was obvious.  OK, obvious to me, but I talk a lot and will state things as unconditional maxims - you should listen, and quite probably obey.

Hell, I was a guy who bet money prior to the Iraq War that we'd find no WMD to justify the war, right into the TEETH of the media and "evidence" barrage being levied by Busch, Powell, and Tony Blair.  Must have been something in Blair's speech, I simply intuitively knew that he was lying.  Only now in hindsight do the others get what I found obvious a priori

Aug 27, 2010 5:58 PM

You are one of the ones who should STFU and start paying attention.

Busch did not create this, he only continued it as his predecessors had.  The end of the US began when we achieved Peak Oil, in 1970.  It's really as simple as failure to grow of our energy supply.

This import petrodollar racket was our stopgap.  The USSR had none.  They Peaked in 1989.  I'll give you a gold star if you can tell me what happened to their empire the next year.

Aug 28, 2010 1:45 PM

Let's not paint with too broad a brush here.

I hope you've noticed some particular demographics trends as far as civil disorder, rioting, crime, and the absence thereof.

The "blood in the streets" will depend solely upon what people are in the streets

Aug 28, 2010 11:26 AM

Doesn't need to be commodity-backed.

Real Bills Doctrine would permit anything of value to back notes.

That said, the mathematics of exponential compounding make default INEVITABLE.

This is why we must ALL reject austerity as all that will do is make everyone into a starving waif while the government and our national income goes to PAY INTEREST.

Right now, we have a functional national economy.  Not at the 2007 mania levels, but we do make things, grow things, produce some things.  There IS income.

The problem is let's say you're a person and your CC is maxed out.  You can cut your food budget to try to continue to "make payments" on that CC but you cannot CUT your expenditures fast enough to keep up with the growth of the debt.  This is the FACT of geometric growth compounding.  It's a mathematical inevitability.  The debt will continue to grow and the interest owed on the principal will continue to grow as interest begets interest.  Even your ability to "service" the debt eventually consumes 100% of your income.  You can live in the streets, cut every single bill to 0, but you can't keep up with the compounding.

It is important to realize the situation and repudiate the debt, rather than allow the accounting ledger to consume your life.  Jew carpetbaggers made hay off of this interest lending during the post-Civil War era, when they lent to black sharecroppers.  Just as the payday loan people end up rolling the balance due to the INTEREST they owe and eventually it consumes their entire paycheck and then 2, then 4, etc., so was it with the blacks.  The carpetbagger routinely ended up owning the sharecroppers' entire year worth of production.  Slave to one guy, free, now slave to another.

People who are short on money get onto the interest merrygoround and if they do not get off after ONE interval, they're mathematically doomed.  They end up having to forego FOOD and shelter in order to make INTEREST payments.

The US must NOT attempt to "make good" on its debts to bankers and the elite.  It must repudiate them.  Otherwise, the elites will do precisely what they have done with Greece, Iceland, Ireland, Argentina, etc., and that's to have us SELL OFF our nation to creditors.  Spain currently basically rents Colombia to Colombians.  During the last major default/inflation that put all those zeroes onto the local paper, Spanish banks and telcos came in and "bought" a lot of the hard assets, cell infrastructure, mines, banks, etc., simply because Spain had access to the currency that Colombians "owed."

Aug 28, 2010 2:01 PM

Again, I will say there is ABSOLUTELY no need for a gold standard, and one is counterproductive.

Real Bills is, in the abstract, an everything standard.  All real things back "money" as we know it.

There's no need for gold to extinguish maturing bills' imbalances.  This could be done by coal, oil, wheat, or the services of a dentist.  The point is that all things of real value, NOT DEBT INSTRUMENTS, serve as the basis for money.

The reason central banking EXISTS is to charge interest on the existence of money.  It's as simple as that.  As long as the people honor the debt, the math makes sovereign bankruptcy inevitable because the economy cannot grow at the rate that interest compounds.  Perhaps this is by original design or simply the bankers merely desired to take a cut of real production as seigniorage, but that's the end consequence nonetheless.

Again, I will say, given the math of the present situation, either print or repudiate; there are NO other options.  We collectively MUST REJECT the notion of austerity or "paying it back."

The Z1 consumer credit metric is around $50T.  That is the total amount of money-as-debt outstanding.

It is INARGUABLE that the bank that controls the FRN in which all that $50T is denominated, NEVER had $50T of actual capital or "real" money to lend.  The banking system exists by lending entirely fictional money then charging compounding interest on it.

In reality, what we SHOULD DO is charter our OWN bank, and lend ourselves the SAME fictional money that the Fed and its member banks lend, and repay them with that.  We must repudiate the FRN as has been done in the past to the paper of previous central banks in the USA.

What a hyperinflation will do is reduce our living standards to what they would be without reserve currency status and to what is commensurate with our debt/equity ratios as a nation.  Austerity will only make the banking clan the owners of EVERYTHING.

This is precisely what Jefferson MEANT in his famous quote!  Austerity IS the deflation.

If you are a banker and you lend freely, you create inflation via fictional capital.  Then, at some point, your loans are repayable ONLY in terms of your own banknotes.  So you shut off the supply, creating deflation.

At the time of lending, the money for the aggregate interest owed on all money outstanding DOES NOT EXIST.  It REQUIRES perpetual rolling growth of credit!  If there is, again, $50T or so of Z1 credit outstanding and let's just say it has an average coupon of 1%, this means there is $50T of debtmoney out there but $50.5T of debt money OWED.  The interest hasn't been created yet, and it requires someone else to BORROW it.

So, as a banker, you shut off the supply of credit and your entire note base is in effective default because there isn't enough money to pay all claims.  You only lend the principal.  By this deflation, you can then force cascading default, call all loans, and acquire collateral.  This is the SCAM of lending, it's exactly what it does.

Over the centuries, so many people have seen so many others get caught in this CON that usury or lending at interest was FORBIDDEN by most religions as contrary to social harmony, as an evil.  Central banking is merely usury at a national or worldwide level.  It MUST be repudiated, once and for all.

Aug 28, 2010 2:31 PM

The Fed HAS NO CHOICE but to continue to do QE.

Look, you have to step back and examine how money is created and what happens when it is.

Simple thought experiment.  Bank lends $100 in FRNs at 5%.  The $100 exists, the $5 owed at EOY 1 does not.  Someone else has to borrow it, perpetually increasing the credit base.

When we hit credit peak a couple of years ago, people are not borrowing in increasing amounts.  The Fed has no choice but to effectively PRINT the interest owed that does not exist and will not be borrowed otherwise the credit base will implode as a matter of basic mathematics.  Look, you can run this on a simple excel spreadsheet and see what happens when borrowing goes into reverse.  All of the interest payments due begin to compete for the money supply along with the principal due.

This is how we can have this big QE but no apparent inflation or deflation as expressed by aggregate prices.  This is highly probative that the interest claims on the monetary base for the QE period were $1.75T.  THAT is the required additional borrowing needed in order to service TODAY's interest claims on TODAY's monetary base.

This is exactly what Japan has done to prevent deflationary collapse, they print the interest owed.  Printing interest owed really divorces interest from reality, because the money is coming from nowhere and then being extinguished as payment to a bank to prevent cascading default and monetary collapse.  This is why real yields are near-zero, because there is nothing REAL behind the interest.  The Fed may as well be scratching out the interest component on a piece of paper and calling it even.

If I lent one of you $100 at 5% interest and I forgave you the interest, what is my yield?  There is your ZIRP.

Addendum:  so I lent you $100 at 5%.  At the EOY, you are like look dude, times are tough, I can't pay you the $5; I can't service the debt.  So I offer you $105 at 3%.  Perhaps you think well, I couldn't have come up with $10 at EOY2, but maybe I can swing $8.  Maybe at EOY2, times are still tough, so I drop it to $108 at 1%.  Maybe there's demand for a loan on those terms.  I've just cut my effective yield from getting $15 at EOY3 to $9.  At which point I begin saying hey, I'll just take the principal, no interest, I have gotten to ZIRP.  This is how the FFR follows the aggregate market.

The market is telling the Fed that the economy cannot service the debt, thus there is no demand for higher-interest money.  So the Fed tries to find a point at which there will be demand for it, and here we are at 0.  ZIRP effectively forgives interest.  It doesn't forgive PAST interest, just future interest, basically, pay me what you already owe me and no more from this point on.

If you review my loan example, it does grow credit outstanding and prevent default by the borrower.  However, it has no effect on the efficacy of his harvest or whether the coal seam he originally borrowed to finance development of has been exhausted.  And that's the fundamental problem here, money is NOT the economy, which has its own problems revolving around the decreasing EROI of energy supply creating effectively less net aggregate energy.

Aug 28, 2010 2:36 PM

And this is the problem!

Gramma's savings was what Gramma ACTUALLY SAVED.

You don't work and produce for compound fucking interest!  You're just a rentier usurer!

We're ALL looking to let TIME make us rich and get something for nothing!  Let someone else do the work, I'll just use interest compounding.

All the fucking complaints about the elite yet none of you seem to understand how they STAY ELITE.  Their money "works" so they don't have to.

Aug 28, 2010 3:30 PM

I dunno but Dunning-Kruger in full effect these days.

I'm not so much concerned with the desires of men, because Mother Nature bats last and she has lightspeed hands through the strikezone and vicious opposite field power.

The whims of would-be kings are irrelevant if the sun decides to explode tomorrow.  I see society as no more than emergent complexity.  All this cannot exist without energy.  We as a species rode an energy supply wave that has inflected.

All I do know is that life will go on and I intend to plan now to live out mine without too much suffering, as well as for my children.  Not really "into" the whole revolution.  Nobody wants to listen to the truth or to me; they'd really rather shout D & R back and forth and when they can't solve something, declare it as insoluble.  I'm talking as a guy who's been told to use poorer vocabulary in order to not intimidate coworkers...people just don't want to hear the truth; there's no future for people like you or me who speak it and if they'd just let us have the steering wheel, we could guide the car back from the precipice.  I've resigned myself long ago to the fact that I am outnumbered by the cretins by many orders of magnitude.

The power structure relies on energy for its existence, and it will fall of its own accord.  The world will grow larger again.  I don't fear for myself what's coming because I've seen with my own two eyes that true meaning can be found outside of the obesity of consumption that we have in this fishbowl.  People need to get off the hamster wheel and understand that money cannot buy happiness.

But to change the system?  It has too much inertia now.  I'd sooner reverse a glacier with my bare hands than affect the outcome of this system.

Aug 28, 2010 3:58 PM

You just presented a false dilemma without even knowing it.

If you cannot speak or think without committing logical fallacies, then please cease speaking and thinking.

Aug 28, 2010 4:04 PM

Biggest threat to national security are people like Mullen.

He obeys orders to go to War in the face of a CONSTITUTIONAL MANDATE that Congress declare one.

Aug 28, 2010 5:10 PM

if the market stays flat, the only returns will be had in dividends.

I'm long certain higher yielding stocks simply because I believe the trend of flattening yields will continue.

Aug 28, 2011 2:37 PM

thank god, bc I was worried there for a second

Aug 28, 2011 2:52 PM

I'm on the next leg of my "Economic Collapse Tour" - Iceland.  People here in the city seem to not be starving or rioting.  In fact, everything looks pretty ok.  I've noticed having been to 3 or 4 countries in a row now with a lot of zeroes on the banknotes that all of this apocalypse fantasizing people have with their bugout ranches is just mostly idiotic.

Aug 28, 2011 4:44 PM

completely wrong- subtracting blacks and hispanics places us ahead of china.

Our system is not bad at all; we just have a large population with hereditably low IQs

Aug 28, 2011 4:51 PM

akak is a mossad psyop

Aug 28, 2011 4:56 PM

they're awesome at stealing things tho

Aug 3, 2010 10:05 PM

Seriously?!?  The same fuckin people that's been buyin all the other bonds!

Aug 3, 2010 10:25 PM

Lotta people saving tons by not payin the underwater mortgage.  In fact, probably half the people in that tri-state area are underwater.

Also, there are still people with a LOT of money.  I was outta work for 7 months in 09 but since getting back in, I am earning again and makin hay while the sun shines.  I've cut back on expenditures quite a bit, and devote more to savings, which is easier when your income goes up and expenses go down.

But you can get a lot of high-end jewelry off of Craigslist if you are patient and set lowball offers.  People are divesting themselves of a lot of saleable things these days.  And if you still have credit, the sky's the limit on the oblivion you can spend yourself into.

Aug 3, 2010 10:35 PM

no, they most certainly do not.  Nature finds a sustainable equilibrium.

The only place where it does not is the deer on the island anomaly.  Over time, animals and plants evolve to even smack down invasive weeds.

Our system is one of unchecked geometric growth led by a group of "academics" who do not understand the limits thereof.

Our only hope out of this is fusion power...yet I see very little in terms of the Manhattan Project necessary to move that ball down the field.  Instead, we squander our printing on bankers and debt...for fuckin what?  Coke binges and mansions?

Aug 3, 2010 10:52 PM

that's isn't what Achdumshitjad said.

That's a fictitious re-rendering of the quote.  But, what should you expect from Tribe-controlled media outlets?

Aug 3, 2010 11:02 AM

Sounds like China wants to support *production* at below cost.  IOW, a subsidy

Aug 3, 2010 11:32 AM

Confusion, bitchez

Aug 3, 2010 2:38 PM

Gamma, bitchez

Aug 3, 2010 3:36 PM

How many wars has Iran fought in the last 10 years?  20?  50?

How many wars are they engaged in right now?

How many are WE engaged in?

You fucking moron

Aug 3, 2010 3:56 PM

no Granite, bitchez?

Aug 3, 2010 5:26 PM

"In financial news, trav7777 downgrades S&P to IDIOTS"

Seriously, "Farce, bitchez" was a better opening post for this article...

Aug 3, 2010 5:29 PM

Lies, bitchez

Aug 3, 2010 5:35 PM

Auditioning for Captain Obvious, she is?

Look...EVERYONE KNOWS that the announcements are a fucking farce!  Everyone knows that there is no recovery and that the data shows the opposite and what doesn't is a bunch of cark.

Nobody CARES.  The system is built on pretend, not reality

I mean where the fuck was the "market" to discount the impossibility of perpetuation of economic growth?  Where was the market discounting the clear ponzis in .com and housing?  Nowhere, that's where.  Markets aren't rational and they aren't efficient.

Well, they're efficient now, because only computers do the trading.  And they're also highly rational for the same reason.  The apparent valuation provided by computers is irrelevant; they care solely about moving the tape in a direction so as to "outwit" another computer and move some of that computer's firm's money into other hands.

Aug 3, 2010 5:38 PM

He honestly seemed to care when his aged wife drowned.  But the dude has more money than G-d now, surely that has salved some of the sting.  Instead of a 51 yr old, he can now opt for 2 25.5 yr olds or even 3 17 yr olds.  That's math, bitchez

Aug 3, 2010 5:41 PM

Don't weep for Lebanon or Hariri.  Let's see here...his fucking CHILDREN made the "top 10 billionaires under 20" list off the inheritance.  He was as corrupt as any Syrian

Aug 3, 2010 5:52 PM

My next first is "NOT ORI, Bitchez"

Aug 3, 2010 6:18 PM

Gee, when ALL major media outlets are either neocon or Tribe controlled, plus all the major banks, the Federal Reserve, you've got the 3 major newspapers under Tribe control.  How fucking HARD could it be to get your message across?

The message and the money is monoethnic...yet people keep saying "it's the whites."  Maybe Netanyahu is confused by the WASPy names that have been adopted by his cousins here

Aug 3, 2010 6:19 PM

ok...his Chief of Staff is an Israeli citizen.  Do you REALLY think what you propose has a snowflake's chance in hell of happening?

Who *controls* funding in the US?  Look up and down the Fed Board list.  Find me the non-semites.  If you are in a power position in finance or media and you are NOT a semite, then YOU are a token!

Aug 3, 2010 7:40 AM

Climb, bitchez

Aug 3, 2010 9:54 PM

It had no chance of working.  Economists set policy, engineers and geologists do not.  Economists do not understand the limits to exponential growth.  Engineers do.  Geologists studying oil production curves do.  At the point aggregate energy inputs peak, there is nothing the monetary regimes can do.  Because, to be perfectly blunt, you can't PRINT OIL.

When EROI goes to unity, it is literally all over.  I mean all.  No amount of free cash can make water yield more energy going downhill than it took to pump it uphill.

This is where economics collide with thermodynamics and you will bear witness to what is real science and what bows down before it.

Aug 3, 2011 1:13 PM

I shop at Bloomingdales in an expensive mall for kids clothes.  There's a rack in the back where you can get like the $80 jeans and Polo crap and because they were returned, they are discounted sometimes twice.  I've picked up desirable brand stuff (for teens, you know how it is) for like Target prices. 

People who blindly just buy things are idiots

Aug 3, 2011 1:18 PM

lot of people hedonically adjusting to poisoned food and soon to just poison in order to hang onto that Merc lease so they don't end up on Repo Games

Aug 3, 2011 1:43 PM

the 1yr daily SP chart is just fugly...this is pretty much a make or break point here.

Aug 3, 2011 10:06 AM

lol...the government has to go to the same guy for cash to pay its promises.

Aug 3, 2011 10:07 AM

that is more Minitruth than Matrix

Aug 3, 2011 10:10 AM

disappointment, bitchez

Aug 3, 2011 9:29 AM

lol...man, think about what you are saying.  Do you think the average person is going to be ABLE to own gold at $3000 an ounce?

How many ounces is the average monthly salary going to be able to run out to the coin dealer and buy?  None!  Sheeple are net SELLERS of gold.

Aug 3, 2011 9:41 AM

by that point, who is going to obey?

Aug 3, 2011 9:42 AM

how do you buy real gold on leverage?  You mean paper GLD?

Aug 3, 2011 9:50 AM

can't agree here...gold is far too expensive for an ordinary person to be able to plunk down anything.

WTF, you think J6P's woman is going to go into a coin shop and drop $200 for a coin the size of a freakin DIME?  Try it sometime- take a sheeple into a coin store with you.  I did one time and she was derisive about "how much he spent" on bags of junk silver.  Like that guy just spent $4800 (or whatever) on those coins.  Like it was a foolish expenditure of money.  And if I bought a Krug or something, same attitude.  Tell her to save her money and she retorts oh well YOU just spent freaking $1x00 on a stupid coin!

The naivete class is a net SELLER of gold.  This is how C4Gs are everywhere and it's such a growth business.  The sheeps are desperate for cash to fund merchandise purchases and for entertainment. 

Aug 3, 2011 9:52 AM

collapse of the dollar was staved off by an unholy alliance with the House of Saud.  In addition, the gold production base moved from a few major producers to a fragmented supply regime.  And CBs dumped

Aug 3, 2011 9:54 AM

horseshit.  Gold has value because bitchez give up pussies for it. 

Water is cheap because it is in relatively abundant supply

Aug 3, 2011 9:56 AM

all Confidence Schemes are like this.  What other confidence schemes can you point out?  the FRN and USTs are both the same thing.

Aug 30, 2010 1:29 PM

not if they're short.

I mean with the massiveness of the bond rally, they should be giving this guy a parade.  China's decision to cease accumulation and actually roll off while the bonds have done nothing but rally like pets.com shows them to be the dumb money

Aug 30, 2010 11:16 AM

gotta debase against debt, only thing the currency is based on. 

Aug 30, 2010 11:40 AM

but...but...I was assured that the chinamen were going to take over the world just like the japs were in the 1980s.  I mean, I saw a few movies with this theme, for cryin out loud.

Don't worry, that magical asian centrally planned economy is IMMUNE to any laws of economics or even physics for that matter.

Aug 30, 2010 8:43 PM

Explodes, bitchez

Aug 30, 2010 9:26 PM

absofuckinglutely correct.

H1Bs are brought here NOT because there are no local workers to do the work but because MANAGEMENT is looking for CHEAP workers so they can INCREASE their OWN bonuses!!!!

That's ALL it is about.

I've worked side by side with H1Bs and managed them over the years.  Some are competent, many are not, all are cheap.  They lie like dogs however, and the entire H1B scam is for a staffing company to put mutually irreconcilable skills on the req and then "oh we can't find an American." Then they get an H1 who LIES and says he is an expert in both mainframe and web, Oracle and DB2, Unix and Windows, .net and J2ee, with however many years you want of experience in all of them.  And, lo and behold, the resume's a hit, you're hired for cheap.  Nevermind it's all lies and the only concern was to get a guy in for cheap so the branch manager can show cost cutting and earn HIMSELF a larger paycheck.

THIS is why US companies seem to be doing so much less right lately.  The whole point is the share price and management bonus payments.  Companies are run into the ground to serve these goals.  And in my last stint at a telco, I heard constantly how expensive I was but none of these H1s could have possibly done what I did and I was earning the least I'd pulled in for the past 10 years or so on this contract.  They simply would NOT pay and expected labor rates somewhere in the H1 ballpark.  Fine, go fuck yourselves, hire cheap talent that is mediocre and knows it's getting fucked over to make some VP a bigger bonus check.

Do these idiot managers think those H1s are actually trying hard?  Those that were competent, in my experience, slacked off BIGTIME because they knew they were getting fucked like a slave.  They found ways to get that effective hourly rate up.  As an architect or manager of them, you had to crack the whip to get shit done sometimes.

Aug 30, 2010 9:35 PM

yeah, I am constantly pissed off by hearing how the US has all this crime, the US has this awful 'health care' system as measured by QoL metrics, the US is "behind in math," etc.

NO.  Blacks and hispanics are.  They are 3rd world populations.

People talk about societal breakdown and riots, over half of the violent crime in the US is committed by blacks, roughly a 3rd by hispanics.  If you have large concentrations of them, expect little Mexico or little Africa to break out if there is a disruption in civilized services.  This is precisely why the Kobe Quake or SD fires had no riots and were ordered, whereas Katrina was a clusterfuck.

What galls me is they blame whites for their miscreant behavior...whitey "abandoned" the poor Katrina refugees who were either too stupid to leave or else stayed planning to loot.

If you subtract blacks and hispanics, 25% of our population, out, you can see a COMPLETELY different picture of this country.  Instead, we have a media machine run by cousins of the financial machine players, all of whom are fascinated to the point of loving admiration of savages.  On television, life is upside down and ignorant people think the truth is racist.

Aug 31, 2010 11:37 PM

this is exactly what I argued the Fed would do, on inflation/deflation arguments with Douchinger.  They are going to print money and try to dictate asset prices.  They will cause inflation by ANY MEANS NECESSARY.

How many times do I have to fucking say that the MATH of a debt money system makes implosion inevitable once credit stops growing, before people GET IT?

The Fed has no fucking choice...either they engineer inflation or the dollar collapses into a black hole.  This was the pressing question, what happens to equities in such a case and I've been asking that for years now, having seen what was coming in the mid 2000s.  I see continued yield compression, stock market support, and the Fed printing the unborrowed interest needed to maintain support on the monetary base.

Aug 31, 2010 4:10 PM

Victory, bitchez!

Aug 31, 2011 8:53 PM

what this effectively means is that demand for credit at 12.5% base rate has declined markedly...the BCB must adjust their pricing to follow the supply/demand curve

Aug 31, 2011 8:55 PM

carrying a Maple is stupid...you will scratch it up and then you'll get less from the dealer.  Many dealers don't even want to deal in mapes for this reason.  Anything beyond crown gold in purity is not meant to be carried; get an Eagle or Krug

Aug 31, 2011 8:59 PM

yes, Brazil has been so hot that this is a big move for them.  I have traveled there repeatedly and could measure the economic pace by the makes of cars on the roads.  Went from rarely seeing anything beyond the american brands to ML420s and X5s all over the place within the span of 6 months.

Aug 31, 2011 9:03 PM

look; central banks don't SET interest rate regimes- they follow them.

The CBs overnight rate is the base interest rate upon which all others are indexed because that's fundamentally where money ultimately is lent from.  If the CB sees diminished demand for credit, aka no offers at 12.5%, the rate must go down.  It's the same as a bond auction where the demand at a particular coupon dictates the pricing of the notes.

When you hit zero, you have to force money into the economy because nobody will borrow.  If all the things you could do with money could only earn you 0% ROI, you wouldn't borrow at 0.  This is where we and Japan effectively are already in a macroeconomic sense.

Aug 31, 2011 9:06 PM

oh, it's going to flow. Bank on that.

However, it's not going to flow in the idiots' manner of "divide reserves by desired consumption to get lifespan" nor is it going to flow at rates commensurate with surface fields of similar size class.  These HUGE fields will at most flow 500kbpd out of an 8BBbl reservoir.  The flow rates from wells this deep are pathetic actually.

Aug 31, 2011 9:08 PM

ZIRP is already a sign that returns in the aggregate have diminished to 0.  The bank cannot even lend money at 0%.  Think about what that means.

QE1 was a bigger bang at any rate in its fundamental structure than QE2 was, so comparing them apples-to-apples is specious.

Aug 31, 2011 9:11 PM

did they even fucking ASK the taxpayers if they thought this stupid shit corn ethanol was a good fucking idea?

Corn ethanol is in the aggregate a NEGATIVE ROI behavior.  This is the most utterly batshit stupid thing anyone can do.

I propose that the "taxpayers" give me a guarantee to pump water uphill during the day so that I can release it at night in order to supplement the lack of solar energy after dark.  If corn ethanol makes sense, surely my idea is even better, right?

Aug 31, 2011 9:20 PM

wtf you ask me that question for?  Did I "get" to drink cachaca?  The shit is everywhere.  Brazil is cheap if you know where to shop.  And for dois reas you can be drinking this stuff by the beach all goddamned day.

brazilian girls are yet to be surpassed...my economic collapse tour has taken me to serbia, colombia, brazil, and iceland.  Each has some smokin hot chicks and in belgrade every 10th one look like a supermodel, but the brazilians have somethin you can't put your finger on.

Aug 4, 2010 10:57 AM

you guys really don't grasp modern warfare, do you?

The Straits cannot be controlled by Iran.  They will control neither the seas nor the skies nor the ground.  All their shore-based assets would be bombed in the first portion of the engagement.  Their naval assets would be suppressed.  Our CVNs will guarantee theatre air supremacy.  We'll have choppers and planes and even drones (serious lifespan these give from smaller carriers) roaming the skies looking for speedboats anchored or at sea and just blowing them up.

We've got a few hundred thousand troops in theatre and a MAJOR air base in Bahrain with hundreds of terrestrial aircraft.

People just think the US is just going to let Iran have those silkworm and sunburns intact on their shoreline?!?!  The opening stages of such a war would be to clear Iran's naval and antiship assets from the board.

Aug 4, 2010 11:11 AM

For the love of money is the root of all evil.

Our dominant ethnic group loves money so much they have historically named themselves after it.  Our society revolves around the stereotypical attributes of that group, neurosis, aggression, self-loathe, and the love of money.

Aug 4, 2010 3:01 PM

Did they even fuckin HIT Israel?

Aug 4, 2011 2:01 PM

well, this /ES chart is fuckin ugly

Aug 4, 2011 2:55 PM

Nice brutal selloff the likes of which not seen since 08 as a birthday present for NeObama

Aug 4, 2011 7:19 PM

yeah, basically the BOJ just crashed everyone's markets

Aug 4, 2011 9:26 AM

right now, the Yen move is apocalyptic...off 3%?  WTF

Aug 4, 2011 9:31 AM

INSANITYZ BITCHEZ

Aug 4, 2011 9:40 AM

major, major currency moves...overnight, the zenz wuz off 3+% against the dollarz.  This isn't just a US thing...every currency regime is trying to outprint the compound interest function that implodes currency base when the economics world gets turned upside down by failure to grow debt.

Aug 4, 2011 9:48 AM

he thinks that printing destroys the power of the FRN.

What he doesn't want to accept (due to the ethnicity of one of his main acolytes) is an analysis of Weimar, where the confettiers came out the other side of the hyperinflation owning all of Germany.  In fact, reversing this outcome was one of the main thrusts behind the german nationalist movement spearheaded by a guy named Adolf and his enactment of prohibition of ownership of various assets by members of a particular clan (same clan as the confettiers).

Aug 5, 2010 1:10 PM

Withhold, bitchez

Aug 5, 2010 11:16 AM

The Fed needs to lower the interest rate and offer lower priced loans to spur wheat production.  Because paper can change the weather, soil, climate, everything.  This is a fundamental tenet of economics.

The price rise will cause all kinds of other producers of wheat to start filling the demand.  Hell, I think I may start a farm on Antarctica because more demand=more wheat

Aug 5, 2010 11:21 AM

Obama get all he shit fo free...ain't that how it work for everbody?

Aug 5, 2010 11:46 AM

Liquidity is useless when nobody wants to borrow!

The housing bubble ran out of steam when it started reaching borrowers who weren't even making ONE payment.

There's no pool of creditworthy borrowers out there interested in loans!  The only people interested are those who do not intend to repay

Aug 5, 2010 12:00 PM

Why the outrage?

JFC, what is the difference between this and inflation?

We, as a nation, obsess ourselves over the downtrodden, the poor, minorities, etc., anyone who's a have-not.

Same in schools; we devote most resources to trying to get the stupid kids Cs, when they will NEVER contribute a damned thing to society.  Meanwhile, we let our smart kids languish.  All revolves around not having to tell the stupid and nonproductive that they are stupid and nonproductive.

The reason kids do poorly in school is because they are stupid or lazy.  It is mostly the same with life and society.  It's not their fault, nobody is "blaming" or judging, but it just is the way it is.  The reason some people suck at gymnastics is because they are clumsy.  Should the gymnastics programs spend almost all of their resources on trying to get people like this to traverse a balance beam?

As a society, things are being given to people who do not deserve them, haven't earned them...all up and down the spectrum, from the spoilt rich brat kids of the elites who get Princeton hookups due to their heredity, to the thug class leeching welfare bennies.  Burn it all down and replace with meritocracy. 

THIS is what nobody wants to say or tell about the Founders; they were meritocrats.  No titles, no nobility, not even a VOTE for everyone. 

Aug 5, 2010 2:11 PM

Luck, bitchez

Aug 5, 2010 2:40 PM

Don't tell the truth - it's CLASSIFIED.  Divulging it will get you into a lot of trouble.

Only lies are tolerated around here, motherfuckers.

Aug 5, 2010 2:53 PM

Call COMEX...they lend shit they ain't got all the time

Aug 5, 2010 3:25 PM

yeah but they're all black, meaning they came out of the other groups listed

Aug 5, 2010 3:31 PM

Racist?  Pointing out the truth is racist?

Go take a look at Huffington's 10 poorest countries...you'll start to notice some trends popping out.

Aug 5, 2010 3:33 PM

Poverty does not cause criminality...it is the converse

Aug 5, 2011 10:57 PM

this really IS the Fed telling SP to fuck off.  There is no force or effect from this downgrade other than SP was making a political statement

Aug 5, 2011 2:54 PM

they can trade us for all our military hardware and nuclear weapons on their soil

Aug 5, 2011 9:02 AM

can't do that...it would be a blackpocalypse, because about half of the FNM employees are black.  Every effort must be expended to persist and maintain the artificial black middle class, even running companies that lose billions.

Aug 5, 2011 9:03 AM

so at what point will anything have happened "under Obama's watch"?

Aug 5, 2011 9:05 AM

the taxpayers sent shit like Barney Fag back to Congress over and over again

Aug 5, 2011 9:13 PM

if this sticks, Obama is dead.  The jackals will start circling and taking chunks with increasing boldness

Aug 5, 2011 9:21 PM

rotfl...don't start cashing those checks yet.

last time interest rates went apeshit, so did gold...upward.  This is sovereign default risk, here, bitchez

Aug 6, 2010 1:29 PM

It would be easier to sympathize with the Palestinians if they didnt fuckin SUCK so much

Aug 6, 2010 1:45 PM

this report was anemic like Karen Carpenter was slightly underweight

Aug 6, 2010 1:51 PM

No, MONEY is their god.  This is a tribe who's historical love of money was so profound that many have named themselves after it.

Who do you think Paul was talking about in his famous quote?

While I'm up, jews DID do it.  Those who did it are jews.  Does this mean that all jews are culpable?  Of course not.  However, it's inarguable that this is yet another financial crisis with the Tribe's fingerprints ALL OVER the crime scene.  In fact, it's hard to conceive of their having a more monolithic lock on the financial system than they do.

Those who are not rabid zionists and not complicit and who also oppose this would be wise to get out in front of it and solve the schism in their own clan.  Before it turns into another purge

Aug 6, 2010 1:55 PM

Sometimes you are astute, and sometimes not.

Listen, you stupid fuck, Gold production peaked in 2000.  A decade-long price runup as supply rate inexorably declines is to be expected.  Were gold like houses or nasdaq stocks and actually NOT suffering from a supply rate cap that is *decreasing*, I might agree with your bubble bullshit.  However it's not.

One cannot simply conjure gold as houses or .com stocks could be.  It has to be mined.  And the maximum amount that can be mined YoY is DECLINING.

Aug 6, 2010 9:24 PM

Every time a little deflation rears its head, the Fed stomps on it.

That's their function.  The thing is that gold still fetched the same amount of the other things being liquidated, but we were having a GLOBAL money market run in progress.  The dollar was days away from vaporizing.  The Fed would have HAD to backstop every FDIC, every MM - in fact, that's precisely what they DID do.

There will be no dollar scarcity, not as long as they are freely conjurable by the central bank.

Aug 6, 2010 9:31 PM

This is just insane...does your fuckin brain orbit around the FRN?

You're aware that there are other currencies out there, right?  Why the obsession over the dollar gold "price"?  I get the whole spec trader trying to gamble to get something for nothing thing, but shit, man...look at the POG *not* just in FRNs.  You'll notice something.

Gold is an alternative to paper currencies, not without some drawbacks, but also with many advantages.  When I take a trip to the 3rd world, I and many like me, pack some Krugs because these things have value in ALL currencies, in ALL nations.  There is nowhere that doesn't accept gold and where gold is not translatable into local paper.

In fact, lives have been saved by having a K-rand sewn into clothes after a robbery or theft.  Gold is disaster insurance.

WTF are you precious dollar folks going to do with your 25% gain if they lock the banks due to another global run?  THAT is what the paperbulls are hoping comes back!

In fact, they are salivating at it, HOPING we get another Sep 08, where we were literally HOURS or DAYS at most away from total systemic collapse.  Do you HONESTLY think you'd be able to access your FRNs at such a time??!  If you do, are you stupid?

Review what late 08 had going on; a global, multitrillion dollar run on all MMs, a total collapse in commercial paper, interbank lockup, etc.  The problem, yes, was apparent cash scarcity due to deflationary redemptions and default.  So the Fed provided cash.  It's either that or they will LOCK the fucking banks and you will NOT be able to cash out of anything.

Being a paper bull liquidationist vulture means you are planning to go through a nightclub AFTER the fire has started and AFTER the stampede for the exits has begun, in order to pick up dropped wallets and cellphones.  Are the paper bulls seriously stupid enough to believe that THEY have a secret exit that nobody knows about?

Aug 6, 2010 9:38 PM

Less "dense" than the earth?  You're sure the earth moves away a tiny bit, huh?  "sure"?

Ever heard of Isaac Newton?

Aug 6, 2011 10:30 AM

fuck Chris Rock.  Wake me when his demographic is able to something other than destroy everything they come into contact with.

FNM/FRE?  half black.  USPS?  Ditto.  Fed Gov?  365black and hiring and promoting like crazy for the "right" kind of diversity.

Look at NYC..98% of shootings by blacks and hispanics.  Atlanta and Philly schools? Massive cheating scandals.  Minnesota state fair in Milwaukee?  A black mob breaks out, witnesses all said they just started going after white people, pulling them off motorcycles and out of cars and beating them.  This just happened and is one of haf a dozen recent incidents matching the same profile.  There's a white guy who was in the ICU because he was beaten so badly by a group of blacks...where is the national attention?  Where is Sharpton?  Where is Chris Rock calling for healing?

So, really, fuck Rock and his stilted and self-deceptive comedy schtick.  Nobody is adding up the severe carrying cost of his demographic.  Nobody wants the "hate facts."  NOW in retrospect it was RAYCISS to have lent to the people that CRA and anti-redlining said it was RAYCISS NOT to lend to.

The USA is in terminal social decline...this type of crminal malfeasance, corruption, and fraud didn't used to be our stock in trade.  But I'm sure this is nothing that the new half black Spiderman from Marvel won't solve.

All these behaviors that you guys champion a return to are not some shared cultural norm, and you need to wake up to that fact.

Aug 6, 2011 10:49 AM

you have to examine the demographics of poverty now to understand that such programs, if enacted today, would be blasted as rayciss for lacking diversity

Aug 7, 2011 1:35 PM

they would if their entire bar was predicated upon being the sales end of a ponzi

Aug 7, 2011 1:39 PM

China has systematically destroyed their environment and misdeployed capital to negative ROI pursuits all in order to appear western.

So, people will move back to where, polluted farms with all the water going to try to prop up the ponzi?

Aug 7, 2011 1:41 PM

that will change.  Science and engineering used to be all white people.  The competency is there, and at some point, an engineer will be seen again by our women as a catch (instead of a black thug with a criminal record) and then the career will be more desirable.

Right now, engineering is not glamorous and not particularly lucrative compared to a lot of bullshit professions.

Aug 7, 2011 11:41 PM

eager to see whether Bama's popularity rating goes down faster than the SP500

Aug 7, 2011 2:35 PM

and if they "ban gold," you buy Platinum.  Pt and Pd are so astoundingly rarer than Au that it makes their relative dollar prices ridiculous

Aug 7, 2011 3:32 PM

you stupid dipshit, at no point did he say ANYTHING about the US's deserved credit rating, NOR about other raters.

What he DID SAY was that SP is stupid and useless and only did this downgrade as a political statement to try to rehab their reputation.

Maybe you just can't fucking read?

Aug 7, 2011 3:48 PM

I had sold my LEH puts that Friday expecting a better set of terms.  Left $125k on the table on that one by not waiting till Monday lol

Aug 7, 2011 4:07 PM

yes...recall that in 08, the most savage counter-trend rallies (and 07) were when things were abolutely the bleakest.  When we were hours away from shit coming apart, BSC fail, LEH fail, etc.  The only time when stuff went really down and stayed there was during the LEH days but it effectively bottomed a month or two later then we got the 100% nonstop rally.

Aug 7, 2011 4:14 PM

I wouldn't be surprised if SP issued an upgrade tonight or before open depending upon how bad things look overnight.  SP doesn't have any credibility anyhow

Aug 7, 2011 4:30 PM

wtf difference does the Treasury Secretary make?  He doesn't set the fiscal policy nor propose budgets nor pass them.

Fire the Congress and Obama

Aug 7, 2011 4:47 PM

this COO guy is an idiot.  He loves China because government pours money into the pockets of people like him.  Fucking 5-year plans from government, wtf.  As if idiots in government who get there because of connections are the reason for economic success

Aug 7, 2011 4:53 PM

China is great for oligarchs.  That's all you need to know.  Far more fertile slave class to strip mine.

No laws against dumping toxic shit in the water...it's a COO's wet dream.  Maximum profit and you can always count on the French to keep their environmental laws so you can escape there to live.

If someone complains, the government steps on them to preserve the business class.  Everything is accomplished by bribes and corruption and the government operates with impunity.  If thousands die or a building falls over, or half the nation gets cancer, the government stands ready with tanks and propaganda advising the people "not to make trouble" for their leaders, lest those leaders "lose face."  It may as well be ancient feudalism.  The Chinese middle class exists as a propaganda tool, nothing more.

Aug 7, 2011 4:55 PM

China's national policy is to steal anything they can.  They have no concept of western culture of cooperative business.  Their plan is to exploit and make the 5 year plan by any means possible.  If this costs them customers in the long run, who cares?  They have the same mentality as western executives.  Make as much money as possible for ME NOW and fuck the world.

Fuck the people, fuck the air, water, land...everything. 

Aug 7, 2011 4:57 PM

ROTFL...sorry, man, not the oil supply to make that a reality.  Nowhere even close.

China is prosperous for oligarchs, which is how the western business class wants it.  Think about it, they could run over a peasant in their Mercedes in china and do it with impunity, just like the nobles of old wouldn't slow their carriage an iota if a peasant kid was in the street.  They'd just run them over.

Aug 7, 2011 5:43 PM

The UK still has AAA?  WTF...they are more bankrupt than nearly anyone and have been doing more unsterilized injection aka QE than we have.

Aug 7, 2011 9:35 PM

211 now...bovespa up big so is Mexico...go figure

Aug 7, 2011 9:41 PM

you're never going to be an oligarch, you sniveling, misanthropic bitch.

People like you are what's worst about PMs.  You're a vulture who just wants to be a slumlord.

Aug 7, 2011 9:42 PM

but the UK is in even deeper shit than either and it is still AAA

Aug 7, 2011 9:47 PM

how is this shit relevant?  The states with bad credit are already known...SP follows the market again

Aug 8, 2011 1:01 PM

yes, people should scroll down kitco and look at the price action in other currencies.  Gold is actually weaker today in the USD than most other issues, exceptions being CHF and JPY.  It is mass murdering in BRL, now above 2700...clear breakout.

CAD about to come back below parity and AUD looking not far away from it on current trends.

Aug 8, 2011 1:04 PM

Gold now at price parity with Pt...paging doChen lol

Last time this happened was the depths of 08, IIRC.

Aug 8, 2011 1:06 PM

THEY have no intrinsic value.

Please let one bugz say that in response just once.

Let the MSM bleat that stackers are idiots.  Housing wasn't in a bubble either; they all said so.

Aug 8, 2011 1:12 PM

I disagree with the notion of this price manipulation on COMEX.  Also, Silver is NOT a truly precious metal; its main purpose is industrial.  Strip off the demand from industry and you have a sustainable price far lower than here.

Platinum and Palladium are FAR rarer than gold; a savvy metalhead would steer you to them, not to silver, which is readily abundant and whose production has not yet peaked.

Silverbugz are pure speculators, nothing less, nothing more.

Aug 8, 2011 1:15 PM

45?

Look at oil- IT IS TELLING YOU which direction silver is going, ok?  Silver is now PRIMARILY an industrial metal, not a wealth reserve.

Anyone expecting a silver explosion in the face of oil price crash like this and where rarer semiprecious (meaning significant industrial demand component) metals like Pt or Pd haven't budged, is a fool.

You have been bamboozled into looking at Ag as a precious metal when it is only semiprecious.  Gold is standing up right now as the liquid wealth reserve.  The other metals don't have the stones.  I can't tell you that it makes SENSE, I can only comment on what IS.

Aug 8, 2011 1:16 PM

and, of course, that ratio is fixed, right?  It NEVER fluctuates?

Aug 8, 2011 1:17 PM

it's Transitory

Aug 8, 2011 1:29 PM

ask yourself who the loudest people around here pumping that meme were and you'll have your answer

Aug 8, 2011 1:30 PM

why? nobody cares about the gold price anymore than they care about Obama's 57 States

Aug 8, 2011 1:39 PM

confiscation leads to political turnover..this is why it won't occur.

Taxes and bait will accomplish it.  Those smart enough to not take the bait will be fine.  But many of the sheeple will GLADLY accept a "guaranteed return" from an insolvent government.

Those who don't may elect to take their 401 and cash it out, but the choice will be yours.  It's like in the Matrix; the shit won't work by force.

Aug 8, 2011 1:40 PM

we are facing a Depression and you are unconcerned about demand metrics for industrial metals?

When WTI has shed 20%?

Nevermind that your response is a ridiculous nonsequitur as a consequence of presenting a false dilemma.

Aug 8, 2011 1:48 PM

Well, in a hyperinflation event, EVERYthing will go up.  Not just Silver.  There's nothing special about Silver in a hyperinflation.  Buy frickin whatever you want in such a case. 

However, in a deflationary depression where sovereign default looms, there is something very special about gold vis a vis silver or other semiprecious metals.

I have to ask you...WHY silver?  Make me the case for it in lieu of gold.  I can't think of a single advantage it has OTHER than the pumpers say it's going to the moon and CRIMEX will implode and JPM and all the rest of this conspiracy shit, which they CANNOT prove beyond a preponderance.

See, I don't like to traffic in dreams if I am stacking real things; I like things I have evidence for.

The stated goal of silverbugz is to speculate and catch a mania.  That's not my idea of sound "investment" nor "wealth preservation."

Silver is "cheap"; so what?  I submit that among the semiprecious metals, Pd's price figure is most disconnected from its supply metrics, crustal abundance, and industrial demand.  It is indistinguishable in many respects from Platinum both in what it is used for, how much of it is out there, how much of it is produced, and the ridiculous scarcity of significant producing mines.

Those who might purchase silver due to an expectation of price appreciation due to increase in industrial demand from novel usages are investors.  However, they got in long ago and got out at 50.  Those looking to "get rich" due to tulip mania are speculators.  As a consequence, this means that your statement about everyone's being a speculator is demonstrably false.

Aug 8, 2011 1:54 PM

I took a relatively sympathetic girl to a coin shop once and her commentary revolved around how much that guy in front of us "wasted" - ok maybe she didn't say that but she was derisive in terms of how much he spent - on bags of junk silver.  I think he plunked down maybe in the 'hood of $5k?  And it was looked at by her as a purchase of something, an expenditure.  No concept of that those bags might now fetch 4x as many FRNs or that you could buy the bags one day and literally bring them back the next day for the same FRNs (obv minus the spread), whereas the other things you would "spend" on effectively go to 0 when you walk out of the store with them.

Yes, yes, I know 0 is an exaggeration; I have picked up Hermes shirts on StyleForum for $45 instead of what, 600 they cost brand new.  Got a brioni cashmere overcoat for $700, NWT, retail price prob north of 7 grand.  So, yeah, there is SOME recovery value for the shit most people "spend" money on.  This is the mental conceptualization of the average person about PMs.

Aug 8, 2011 10:02 PM

everyone long must be looking for a bounce to GTFO.  This is reminding me more of 08 than anything else.  However, those countertrend rallies were vicious.

At least Nero was playing a musical instrument instead of duffing it up on the golf course...

Aug 8, 2011 10:06 PM

oil is getting totally crushed...we'll see how low it goes and for how long.

If you were an interventionist looking for a man-on-the-street inflation metric to aim for, it'd be oil.  You'd let gold go its merry way.

Gold is either pricing monetary blitz or sovereign collapse.  Oil is pricing severe and sudden contraction.  Brent still at 99, however.  Seems like the Brent price in excess of 120 leads to full stop conditions.

Aug 8, 2011 10:09 PM

the construction of credit-based monetary systems make it a mathematical certainty

Aug 8, 2011 10:13 PM

back in like '05, I predicted the Rogue Wave financial event was going to be the sovereign BK of Japan based upon these very realizations.  I thought '09 and we're a good couple years past that.

There's no way out; everyone needs to devalue because everyone's money is based on debt.  The mercantilist exporters need the debt to fluff their own economies too.

Aug 8, 2011 10:16 PM

if they do, then BAC, C, DB, and a bunch of others go tits up.

The massive deflationary blackholes that used to be MER, CFC, BSC, etc., are still out there; they were just concealed in larger banks.  They are chewing their way to the light from the inside out.

Aug 8, 2011 10:17 PM

yeah, countries that are in economic collapse produce nice edgy music and bitchez without jobs are way less Prince Charming fantasy picky.

Aug 8, 2011 10:21 PM

yes, but rarely.  Last time they were like this was in 08.  Gold was in the mid 700s, Pt at like 750

Aug 8, 2011 11:56 PM

daily RSI in the 16s now...waterfalls like this in the past have led to immediate Fed intervention, the effects of which have lasted usually 5-6 weeks, but sometimes as short as 3 days (TARP) and as long as 2 years (QE).

If they don't intervene, it seems clear that any bounce is shortable...BAC and DB will be going tits up

Aug 8, 2011 12:30 PM

GOLD, bitchez

Aug 8, 2011 12:32 PM

didn't they get MER crammed into their belly too?

Aug 8, 2011 12:32 PM

Citi is a .gov bank at this point

Aug 8, 2011 12:55 PM

totally nonsensical.

Aug 8, 2011 12:57 PM

nah...hell won't break loose.

The NFL season getting lost would cause more riots than gold hitting 2k.

The average salary doesn't have enough left over to buy an ounce and even if you saved it, the missus would just bitch you out for wasting the savings on some fucking coin instead of that new flat screen that everybody else has.

Aug 8, 2011 3:26 PM

Tyler Durden doing the endzone dance lol

Aug 8, 2011 3:57 PM

wish i was as bold as I was in 08...sheeit...saw that H&S a mile away but this one confirmed.

1100 points in a few days; this is just a waterfall crash goin on.  As we're not rocketing north, one must assume that the QE3 is not sailing tomorrow.  The rally started a week before they announced last time and any leak like that would have muted this crash.  In fact the leak was probably SP downgrade plus there will be no QE3 tomorrow

Aug 8, 2011 6:06 PM

haven't seen declines like this since 08...given that every significant piece of news is leaked at least days in advance, I am coming to the conclusion that there won't be a QE3 anytime soon.

If that is the case, that simply hasn't been baked in.  QE1 was real fuel and QE2 was more fumes.  QE3 would have to be mainline injection to get a fix going here.  So many tasty shorts at 1350 and I actually called that top but didn't act on it. 

These slides have been simply brutal this past few weeks.  I mean 500 backed up by a 600.  There'll be a relief rally at some point and it will rip off faces, like that 1000 they hung back in 08.  However, at every turn up back then it was time to get short balls-deep.  I dunno here, but it seems really like we've hit a trend change in overall psychology.  When you see A/D ratios like this, just fking everything is getting bailed on.  In 08, gold went south hard, but now we see it spike bigger than USTs and even the gold stocks were spared the carnage today.

Aug 8, 2011 8:12 PM

it's saying the same thing oil is

Aug 8, 2011 8:21 PM

silver, oil, platinum, and palladium are signaling serious economic contraction, deflation, and sovereign default looming.  So is gold

Aug 8, 2011 8:23 PM

and unleash he will...no choice.  These past few days are reminiscent of 08 but what's looking "priced in" at this point is that there is no confetti immediately forthcoming.

If the semiprecious metals begin to catch a stiff bid, it would indicate massive monetary inflation imminent.

Aug 8, 2011 8:24 AM

Gross has his fuckyou money in an old money portfolio full of dividends.  But he's got to get yield for all his customers to keep the funds rolling in.

That's all he wants; he wants his jew vig.  400 years of ponzi have convinced people that by virtue of having some "capital," that they are entitled to yield as if by magic.

Aug 8, 2011 8:26 PM

exactly...even those who recognize limits don't want to accept their implications.

The PO denier idiots had rested everything on nuclear and then Fukushima happened and now they just put their hopes on unicorns

Aug 8, 2011 8:28 AM

ZOMG...4x background.

Any coal plants within a couple hundred miles?

Aug 8, 2011 8:31 AM

yeah, except Gross has fuckyou money now and his own island.  He ain't gonna be killing himself for the life insurance

Aug 8, 2011 8:31 PM

look, just because you can imagine something doesn't make it a technical fait accompli, ok?

Aug 8, 2011 8:32 AM

bbbbut...S&P has UK rated AAA!  France too

Aug 8, 2011 8:37 AM

if you had to write a conspiracy plot script, this would certainly be the catalyst to galvanize the public into accepting austerity.

The real problem is that ROW has been living off of our monetary creation for decades...our debt has been the base upon which their growth was leveraged and none more so than China and Japan.  Think about the reality of how much currency appreciation they should have experienced through all of this export but which has been abeyed by wanton currency manipulation.

Aug 8, 2011 8:38 AM

the problem with this theory is then who gets to run up the massive debts necessary to keep the exponential compounding going?

In whatever time frame debt needs to double, it has to double again...who is going to do that?  It is the nature of interest-bearing monetary systems to implode themselves.

Aug 8, 2011 8:40 AM

The Chinese are thieves as well; they shouldn't whine about being robbed.

Aug 8, 2011 8:43 AM

You all complain about all the Congress and the Presidents yet your countrymen elected them.

Real people went to the booths and pulled levers for these guys...even Barney Fag and Chris Dodd, two of the most corrupt reps in existence, along with Nadler and Rangle.  They are reelected over and over again.

So just wtf exactly are you trying to save?  You're just trapped on the Titanic but you don't have the wheel nor can you convince the other passengers of a problem.

Aug 8, 2011 9:03 PM

Look, take it from a guy a couple sigmas to the right of you, OR just go the fuck out on teh interwebz and goggle something like "silver industrial demand" before spouting off, ok?

Well OVER HALF of silver consumption is industrial.  I already posted this data in rebuttal to tmosely-claven in a previous argument on this very topic.  You would do well to review it before embarrassing yourself further

Aug 8, 2011 9:15 PM

do you people even bother to CHECK your facts before talking shit?

Silver investment demand was around 200Moz in 2010.  Gold's investment demand Q1 2011 was approx 310 tons or around 9Moz.  I'll leave the GSR to you and I assume you can multiply by 4.

Aug 8, 2011 9:19 PM

I will get into a pissing match with idiots who don't know that their semiprecious metal's supply HAS NOT PEAKED yet (whereas Gold has), and that well over 50% of the demand is INDUSTRIAL.

If industry falls of the cliff into this madmax situation they hope for, there will be so much slack supply that silver will fall to single digits absent hyperinflation.

Aug 8, 2011 9:20 PM

so that move down from 50 never happened?  I dreamt it?

STFU

Aug 8, 2011 9:26 PM

no, I can't think of an advantage.

Instead of shittalking like you usually do, POST ONE.

Try it sometime, idiot; instead of talking crap and waving your fucking hands, actually make a cogent argument.

Demand IS increasing?  In a depression?  WTF alternate universe of idiots do you inhabit?  Silver demand WILL increase assuming economic growth continues, but if we crash like you retards say we are gonna - and that would be one HELL of a crash to make silver back into money sufficient to make a retard like you into a newly-minted slumlord - then the industrial demand for all of this silver goes POOF, bitch.

And that's significantly more than half of existing demand.  Fuckin hell, why am I repeating myself?  I already TOLD YOU THIS SHIT and gave you the effing LINK last time.  Go fucking read it for once.

Aug 8, 2011 9:28 PM

As a matter of fact, Claven, you are the worst offender with accusations of "he's a PSYOP" everytime you get your ass handed to you in an argument, which is just about 100% of the time.

Try rebutting his argument on its MERITS, instead of handwaving and bluster?  RNR may be irritating but he's not a freakin psyop, ok?  You're just stupid, so EVERYONE looks like a professional poster to you.

Aug 8, 2011 9:31 PM

are you fuckin on something?  Post sober, please, so it's at least vaguely coherent

Aug 8, 2011 9:33 PM

Platinum and palladium stocks have been drawn down, moron.

Russia sold its stockpiles into the market.  WTF are you talking about?

Or more pertinently, can you get ANYTHING RIGHT?  Ever?  Give it a try:  do research before talking.

You think it's unlikely that the fertile would pair off?!?!  WTF...they'd all KNOW THEY PASSED THE TEST, you fucking IDIOT.

This is proof positive you wouldn't make the cut.

Aug 8, 2011 9:37 PM

I don't fucking care what PEOPLE see or think.  PEOPLE are idiots!

What matters is FACT, ok?  Don't talk to me about fuckin PEOPLE and their stupid opinions.

Pt, Pd, and Ag are SEMIprecious.  I CLEARLY defined what I meant by that.  They are partially precious but significantly industrial.  Gold, OTOH, has almost no industrial demand at all.  It is truly a precious metal in that sense of the word.  Like how a freakin VVS D/E/F diamond is precious.  Its value does not derive from its Mohs hardness.

Pt and Pd are, like Ag, semiprecious but far rarer than Au or Ag.  In addition, you really ought to read where the entirety of the supply of them comes from, how stockpiles were sold into the spot market, and how low the production figures are, and what the astounding utility of these metals are.  Long Pd as a "true value" trade makes more sense than Silver.

But that's not what silverbugz are about, sense.  They are about mania.

Aug 8, 2011 9:38 PM

huh?  Where the fuck do we mine this shit from if not the Earth's crust?

You did graduate highschool, yes?

Aug 8, 2011 9:40 PM

at WHAT POINT did I say there was a 1:1 correlation in the price moves of these two commodities?  Yeah, that's right, I DIDN'T SAY IT.

You can't make a cogent argument so you INVENT something to argue against.  We call this a logical fallacy, a strawman.

Industrial demand for silver is inelastic?  ROTFL.  Good lord, I'm all ears to hear where you came up with this stupid idea...

Aug 8, 2011 9:53 PM

the severity of the recent moves mandates some kind of intervention tomorrow...this is looking eerily reminiscent of 07

Aug 8, 2011 9:57 PM

oil is just getting woodshedded.  This would seem to give some cover to QE, but if they were gonna QE3 tomorrow, it'd already have been leaked and manifested into the markets.

Maybe we are going to see a return to those emergency Fed announcements like late 07 thru early 08.  Where the shit was LLD and you are like they simply have to announce a discount rate cut today.

The severity of the forex moves is also noteworthy

Aug 9, 2011 1:03 PM

Silver doesn't belong at the bottom of that pyramid if Platinum and Palladium aren't there.  Hell, may as well add Rhodium and Ruthenium too

Aug 9, 2011 1:21 PM

with yields like this, we SHOULD be AAAA

Aug 9, 2011 1:48 PM

Fruit, bitchez

Aug 9, 2011 10:23 PM

daily RSI was 16 man...that is deeply oversold and a bounce was due.

Aug 9, 2011 10:52 PM

The OP totally misses the point.

The reason real rates are so low is because there is just nothing to do that yields a higher rate.  Credit is a supply and demand product like any other.  If there is NO demand at 5%, the lenders cannot expect to lend at that rate.  The rate is dictated by the aggregate economicality of a particular currency regime.

This is how Japan has been at ZIRP for 20 years; there's nothing left really to do in Japan that yields more than that.  There's simply no demand for credit there at 1%

Aug 9, 2011 11:11 AM

there's no room for rising rates because the respective economies cannot generate the yields necessary to pay those rates.

Aug 9, 2011 12:58 PM

what DID work for normal people?

In the USSR, it was dollars, right?

Aug 9, 2011 4:15 PM

the REAL economy is NOT on the verge of collapse.  The financial economy IS.  And they are holding everyone else by the nuts.

There is no reason your car won't run if the dollar vaporizes tomorrow.

Aug 9, 2011 9:36 AM

I guess we are made of stronger stock than those wankers; we can carry 1kg.

You stuff it in a backpack, and don your 7.62, filling the sack up with some extra magazines.  Pistol up on your hip, etc.

Dec 1, 2010 1:16 AM

does 6.02x10^23 mean anything to you?

Dec 1, 2010 1:26 AM

U gonna hook yer peeps on here up with some weight at spot?

Dec 1, 2010 1:28 AM

is that why pussy is still valuable??

Dec 1, 2010 10:01 AM

Germany's troubles with bonds is admission that the sophisticated players see an end to growth.

Economic activity transitioning from growth to "within means" will make GDP look like the oil price chart.  We will have to fall much further before bouncing back to the new normal

Dec 1, 2010 10:28 AM

the message coming from the bankers is pretty unanimous - austerity.  They honestly seem to feel like they've done us a favor with all this QE covering the interest owed on the money they've conjured out of their asses to "lend" to us.

Let me translate Yellen's spiel:  "GET BACK ON YOUR FUCKIN WHEELS, GOY HAMSTERS"

Dec 1, 2010 10:36 AM

expecting everyone to rally to this cause by virtue of a symbol that just makes them "get it" in an epiphany is unrealistic.

They don't get it.  If you say something about the banksters, they'll just reply with "Busch bailed them out with TARP" or something, dragging the thing back to D/R cheerleading.

I know because I tried this for years, prior to TARP and the big crash where I basically begged educated coworkers to see that both parties were the same.  They simply did not WANT to make that realization; there was more comfort in picking a side.  This must be cognitive dissonance; they realized that I was right but rather than accept that painful truth, it gives more solace to just pick a side and feel good by vicariously "winning" through that team.  You get to cheer victories and be righteously indignant over the other side's flaws.

What most people remember from Fight Club is Brad Pitt's abs.  Things are going to have to get really bad before anybody seriously mobilizes and the twists and turns such a movement takes lead to strange outcomes sometimes.  To satisfy righteous indignation, you really need a good scapegoat.  It's hate that mobilizes masses, not rational thought.

Dec 1, 2010 10:38 AM

I simply CANNOT get behind such a vulgar premise

Dec 1, 2010 10:42 AM

criminals like this need to be handed a shovel and forced to dig their own grave

Dec 1, 2010 10:55 AM

one needs to study the works of propagandists to understand how to craft a message.

You need to put people into that picture.  Take a salt-of-the-earth white couple, all american, and have a verminous looking man with teeth showing pounding a ball and chain onto them.  This conveys a particular message; it's easy to get.

Thetas and other star trek shit won't cut it.  Neither will the euro symbol as nobody knows what the fuck that means.

You have to understand how to play to EMOTION, not logic.  Take a look at bama's campaign symbology, the work of jews like Bernays, WW2 propaganda.

The enemy has to always look like a rat, have a semitic hook nose and whatnot, or be a corpulent banker shaped like a hog.

Everyone has been to a mall...use the "You are Here" red dot.  Put a white guy, preferably blonde on a hamster wheel, looking desperate.  Put his woman on her knees with a leash around her neck.  Place the leash in the hand of a rat-looking corpulent banker with the top hat and money spilling out of his pockets.  Red dot says YOU ARE HERE and it is on his chest or even on both of their faces, which is good because it simultaneously dehumanizes the woman and man and leaves the face up to the viewer (they are meant to and will substitute their own subliminally).

Trademarking is about having symbols that are fanciful or arbitrary acquire secondary meaning.  The swastika is a powerful symbol because of all the source-specific connotations it has.  Because of the secondary meanings.  It provokes EMOTION.

Any attempt to create a symbol for the "revolution" or whatever it is must eventually acquire THIS.  It is the sine qua non.  The symbol must not attempt to explain itself nor is it the gold fucking record on Voyager trying to explain the human race in a few pictures.  Stick to black, white, and red. 

Dec 1, 2010 10:58 AM

no there aren't.  You're completely full of BS.

I hadn't seen Fight Club until a month ago.  most guys don't fight, they are fucking pussies. 

I know it's hard for everyone around ZH to come to grips with the fact that the broader world doesn't GET us

Dec 1, 2010 12:01 AM

the wireless providers are capping GBs now...only the grandfathered "unlimiteds" have anything resembling a decent price point.  And that's subject to just having your plan cancelled, fuck you style.

I used 17GB one month on my unlimited ATT PDA plan and I was concerned that if I continue to roll like that, they will just shut me off and say take your business to verizon or else fork over more cash.  As I am right next to a tower, I get 3G+ exceeding 2Mbps and could stream NFLX via a tethered windoze smartphone

Dec 1, 2010 12:02 AM

yes, we DID pay for that infrastructure.  We used bonds and tax cash to PAY the telcos to lay lines that THEY NOW OWN 100%!  How awsumz is that

Dec 1, 2010 12:06 AM

lol...I used to work for Comcast and was responsible for implementing some of these hairbrained ideas.  Don't blame me, blame the marketing idiots.

You want some cool info?  Comcast uses a wholesale plan to provide wireless internet where they put you in a bucket.  They use heuristics to predict how much data you will use and will roll you into a lower bandwidth wholesale plan that is cheaper to THEM but will still charge you for whatever your subscription level is.

So, if you want to fuck Comcast, get a particular data plan, underuse, and then rack that mfer up.  They will pay overages to the end providers like Sprint and Clearwire.

Dec 1, 2010 12:20 AM

The wireless infrastructure relatively sucks.

ALL cellcos RELY on people who have data plans NOT using them.  There simply is nowhere NEAR the bandwidth for people to get off of wirelines.

FIOS gives me 15/5 which translates to 18Mbps roughly on a speedtest.net check.  AT&T's 3.5G service gives me 1.5-2  Mbps and I could hit the tower with a pistol.  I could get the clearwire 4G off the same tower, but to be truthful, the pricing is at rough parity with the data portion of FIOS

Dec 1, 2010 12:57 AM

ah hell, I'd go all eugenic on they azzez

Dec 1, 2010 4:54 PM

yet you can't get peak oil? 

you're 100% right here; modern skyscrapers would not and could not topple.  Even a smokestack couldn't.  It has to do with centripetal acceleration and tensive vs. compressive loading.

The real issue w/ 911 is why and how did WTC7 collapse?  Every report of "911" addresses that building as a footnote.

Dec 1, 2010 4:55 PM

comes up fine in my browser...

Dec 1, 2010 4:56 PM

"when you have to shoot, shoot...don't talk"

my kids know this as the "Tuco Rule"

Dec 1, 2010 8:12 PM

perhaps this is why the Fed didn't transfer Germany's gold back to them.  Collateral.

The dollar sits underneath 75% of world debt.  You need dollars to make your payments?  You borrow them from the Fed

Dec 1, 2010 8:15 PM

you can't.  Gresham's Law is an evolutionary maxim.  Any nation that tries sustainability is destroyed in the growth game by nations that use the debt conjure steroids

Dec 1, 2010 8:22 PM

so we've got 3/4 of the world's debt in dollars.  Wonder what this latest euro contagion is going to cost them in terms of swaps.

So their banks pledge euros to us for our dollars which they need for repayment.  We're gonna JACK the euro.  Fed will have tons of euros, has their gold in their basement.  LOL.  Hopefully, we can buy the Continent with our side of the swap.

As they were dumb enough to borrow in our currency, we can set the price for borrowing it.  And, even now that we hear the dollar is dead and everyone is pissed we're printing it, CNY is still pegged to it and freakin countries are still sourcing dollar debt for their own purposes, even ones who beef the USD, like Brazil

Dec 1, 2010 8:27 PM

Well they fired a lot of dealers in republican districts and those who made contributions to the Bama's opposition.

Dec 1, 2010 8:32 PM

uh yeah, but dude, Tetraethyl Lead is some pretty toxic shit.  Great compound and all that but not a good thing to be belching into the air

Dec 1, 2010 8:48 PM

this is a classic red herring strawman.

How about if they blew the sun up?  WHERE IS THE LIMIT, PEOPLE?????

Let's reductio ad absurdum together now, it's fun!

Dec 1, 2010 8:50 PM

False dilemma.  Check.

Man, you are a TOUR DE FORCE of logical fallacies

Dec 1, 2010 8:51 PM

has the NSA succeeded in hacking skype yet or does anyone know if the ebay takeover has led to backdoors in the AES?

word is that the intelco hates skype

Dec 1, 2010 8:57 PM

GWT thinks literally everything is a master conspiracy.

These people are so all powerful that they fail miserably constantly.  LOL.

Potent directors fallacy

Dec 1, 2010 9:16 AM

probably was why the price sold off so hard; the insiders figured there were no bigger idiots left

Dec 1, 2010 9:25 AM

Potent. Directors. Fallacy.

please make peace with this; the other guy is right.  Obama does not appear that smart to *me*; if he were, he would not say some of the utterly stupid shit that he does.  Certainly he is more intelligent than average, but he is not in any way brilliant.

Dec 1, 2010 9:30 AM

did you expect a dude who is that noticeably feminine to be any good at ballin'?  He ain't pimp material, he ho material

Dec 1, 2010 9:31 AM

coins have the advantage of being better looking and more stackable (as the bars come in packets now).

If you are trading bogus silver in such a scenario, you will be taken out and hanged as a counterfeiter.  Your silver will be as good as your word.

Dec 1, 2010 9:34 AM

uh...the tally sticks were one of the most successful monetary regimes of all time.

In fact, there is no true gold standard like the goldbugs envision that has ever worked.

Dec 1, 2010 9:40 AM

JFC, this is idiotic.

How much is the furniture worth to YOU if you have to abandon it suddenly?  the guy makes a valid point about silver that I've made before about ammo and farms and bunkers.  If you have to ditch and run in the middle of the night like a jew in '39, these heavy things are worthless.

This is why jews today have the deposit boxes with gold and diamonds in them

Dec 1, 2010 9:48 AM

au contraire...historically, the ratio was jiggered differently in Britain vis a vis the LMU.  That is where the arbitrage ensued.  I know politicians seem to believe the sun orbits them, but when Isaac fucking Newton tells you the ratio should be a particular value, you GO WITH THAT SHIT. 

But they had other plans; the end result was a giant vortex sucking gold into GB from the Continent and enabling the eventual standing up of the Sterling Bill, which is what enabled GB to become an empire.  Non-liquidating (aka, not real) gold bills can be conjured and "lent" fractionally.

Dec 1, 2010 9:50 AM

write your congressman, maybe they can pass a law

Dec 1, 2010 9:54 AM

they wanna pick off the euro periphery one by one.

provides dollar strength for the Bernank AND lets the EU plutocrats take control of more of the Risk board.  I mean it's a goddamned affront to those guys that shitholes like fuckin PORTUGAL still have any sovereignty at all!  The Germans want those goddamned hamsters BACK ON THE WHEEL

Dec 1, 2010 9:56 AM

nice vertical $10 gold drop in the span of minutes...what is this, the PM fix?

Dec 1, 2011 1:11 PM

best decade in what, FRN terms?

Dollar creation can be effected very easily.  I shop for groceries and I don't see FRNs getting more worthful despite the cries of deflation.

Dec 1, 2011 1:13 PM

stfu moonbat.

The media is controlled here and not there because of the Holocaust.

As if the endorsement of a fucking cabbie is a sign you're on the right track...lol

Dec 1, 2011 1:28 PM

yes, because these computers can just spit out oil with some spare CPU cycles

Or did you mean plenty of garbage, which is what all of this processing power leads to?

I will grant that solution of a fusion containment problem would be more probable with significantly increased computer power, but we're FAR too busy blowing up shit to be bothered putting research into carbon semiconductors.  And we've got to increase diversity in the government as Job 1.

Dec 1, 2011 1:30 PM

5.56N is a decent round, but it's not going to cut it without the rest of the force pyramid behind you.

SOCOM has already up-calibered after being saddled in too many losing firefights with M4s. 

Dec 1, 2011 1:33 PM

I'm not getting the problem here...antipathy towards jews by germans would have been justified after the financial collapse and bolshevik incursions which divested nearly the entirety of Germany into jewish hands, no?

How many germans starved to death or died of disease as a result of the actions of a few jews?  How many souls are on the Warburgs' tabs?

Dec 1, 2011 1:43 PM

lol...gold has its own fundamentals of supply and demand which affect price.

Gold's production peak was in 2001.  As oil grows in scarcity it will become necessarily MORE expensive in real terms to extract gold from the ground to meet whatever demand there is for it.  At the same time, gold reserves in ground are subject to depletion along a decreasing supply curve.  What this means is that gold production risks (like any commodity) falling off a freaking cliff at any point.

You cretins simply DO NOT understand deflation.  Deflation does not mean that your stupid FRN gets more worthful.  It may against SOME things, but other things will simply NOT BE PRODUCED.

I have counseled morons like you and Douchinger repeatedly to get off your couches and to go to places like Brazil, where IRRESPECTIVE of demand, the prices of things remain high.

When the car dealers worth through their inventory in a liquidation, they will not continue to just operate and sell at a loss!  The FRNbugz can't seem to grasp this.  All the excess inventory will go and then prices will reset HIGHER, and permanently.  There will be LESS people with money to spend on stuff like this, less products sold, less less less.

The precious FRN is transient and in only certain asset classes, like disposable consumer goods and such shit.  Businesses HAPPILY operate at far LOWER volumes in the 3rd world.  The single focus is a PROFIT.  If deflation halves the volume of cars that can be sold in the USA, or halves the number of TVs, do NOT expect the manufacturers to drop prices far enough to try to "make up a loss" on "volume."  It won't happen.

They will dump inventory and close capacity down.  Then prices will go up to whatever their profit point is.  If you don't like it, fuck you.  That's how business works.  Production falls in a contractionary environment, not just consumption.

Again, as I have said repeatedly, reality is backwardating.  Things in existence NOW will command a premium compared to promises of them down the road. 

Dec 1, 2011 1:45 PM

eff that, get her the yellow ticket

Dec 1, 2011 1:47 PM

yeah...um, don't take advice from pumper shills on ZH.

It's not like you weren't warned, man

Dec 1, 2011 1:49 PM

so if you have to run in the middle of the night because of an industrial accident or some other catastrophe, wtf are you gonna do?  I mean, wtf is this, time capsule for anthropologists or something?

Dec 1, 2011 1:50 PM

stop harshing my mellow, bitchez

Dec 1, 2011 1:56 PM

you are in the running for the biggest idiot around here.

Even mosely-claven has STFU trying to dispute peak oil.

When 54/65 oil producing nations reached peak and entered production decline, you'd think that the reality of this would simply be undeniable.  But morons like you who are clearly a combination of stupid and arrogant (Downing Effect) continue to deny it.

This is the problem with you, Max; you VASTLY overestimate your own intelligence and FAIL to comprehend others'.

A decline in flow of oil did not force society to leverage; leverage continued because it is its own exponential growth animal.  The growth of net energy inputs permitted this edifice to remain upright.  Now that oil is declining in production, we are seeing all of the leveraged critters implode spectacularly.

Dec 1, 2011 1:57 PM

no echo chamber is a good place to be.  And people here aren't waked the fuck up.  They refuse to be.  Too scary.

Dec 1, 2011 10:16 AM

again, the US's demographics numbers are being distorted by undesirable minorities.  If you subtract them out, the stats put us at the top of the 1st world.

3rd world nations aren't 3rd world because of all of these symptoms, they are because of the people who live there.  You cannot just build a bunch of roads and redistribute a bunch of money and presto, be Norway.  Unless you have people with attributes on par with an average Norweigian, you won't have anything like Norway.

Dec 1, 2011 10:21 AM

why the hell would you want uneducated people voting?

Dec 1, 2011 10:24 AM

how is social mobility for your aborigines?

same issue here...I'm honestly tired of morons talking about the US when we have a 25% third-world population distorting every quantitative metric.

Dec 1, 2011 10:30 AM

uh...education is only as good as the students in it.

Nothing else really matters.

Nobody immigrates to live in a slum; they tend to create conditions similar to where they left however.  That is because it wasn't the magic of geography that was to blame for the slum - it was THEM.

It always has been PEOPLE who create their culture, not the other way around.

"Access benefits"?  WTF...yeah they access the fuck out of every benefit they can find, which is how they never turn revenue positive.

Dec 1, 2011 12:11 AM

replacing oil is nearly irrelevant.

You have to not only do that plus find something that can grow as well, otherwise, it's the same thing

Dec 1, 2011 12:13 AM

yep

Dec 1, 2011 12:21 AM

i hear an iphone 4s can get the pussy over there

Dec 1, 2011 12:40 PM

wow...antisemite!!!  RAYCISS

next you'll be saying that the MSM message on jews is false too and you will be SHUNNED.

The MSM only lies when it speaks on matters not pertaining to race or ethnicity.  All the myriad hard data demonstrating quantitative inequality is WRONG; the MSM is speaking the truth.

Dec 1, 2011 2:02 PM

Oh, gotcha.  I'll take this one

The decreased growth rate of net energy input pre-peak caused aggregate profitability to decline toward 0.  In order to make this up, the financial institutions had to use massive leverage to cover for the incredibly meager profitability of endeavors.

Like how China tries to make 1000 more factories all producing shit that earns a fraction of a cent per unit.  There's nothing for them to do to earn a higher profit, so they attempt to make the money through volume.  That is how financial leverage has worked.

Net ROI of our economy has been declining for some time now; consequently, increasing amounts of leverage are necessary to extract profit.

Leverage is EXACTLY what the word describes.  As the horse gets nearer to death, you have to whip it harder.  As the burden gets heavier, you have to use more leverage to move it.

As oil supply now declines, there are a lot of firms trapped in positions of leverage against a DECLINING credit base, where they are having to scramble for dollars to repay.  Some simply cannot.  Musical chairs is an apt analogy.

The decline in net energy means a decline in all things being "done," as power is what does doing. 

Dec 1, 2011 2:03 PM

discoveries PEAKED 47 years ago, dipshit.

There are LESS and LESS new finds going forward.

Please, do YOURSELF a favor and STFU.

Dec 1, 2011 2:07 PM

more diversity...give them ALL a plaque for saying stupid shit

Dec 1, 2011 3:01 PM

their first passports may be different, but 90% of them have the same 2nd one

Dec 1, 2011 3:02 PM

that is fuckin disgusting

Dec 1, 2011 3:09 PM

only cheaper until the local gestapo bashes your door in, drops a joint on the floor, then seizes the cash as the obvious self-evident proceeds of terrorism/drugs/insurgency/organized crime.  And then gives you a bill for the scratch on their battering ram and the rounds they expended shooting your dogs.

Dec 1, 2011 3:15 PM

what matters is what oil is traded in.  Period.

You get major producers to accept other than dollars, you're fine.  The US is not going to the fucking SDR unless the entire oil exporting world bails on the petrodollar.

Dec 1, 2011 3:16 PM

sounds like affirmative action

Dec 1, 2011 3:36 PM

yes, I know...anything they say about race and ethnicity is 100% true.  It's just got to be.  Fuck the data.

Dec 1, 2011 3:38 PM

u talkin bout me?  Nah man, I am alive and kicking.

I intend to be relentless on this "MSM only tells the truth about stuff I want to believe" meme.

Dec 1, 2011 3:46 PM

no; it is not by design...it is emergent complexity, which is not the same.

Here's a good example.  We all think "zero tolerance" is stupid.  That's because it is.  In the schools systems, privately, off the record, NOBODY will defend it.  They all think it's stupid too.  Yet.nobody.does.anything.  They all ADVANCE it in fact.  If you speak to them privately, in their private frame, they agree with you.  They're not idiots.  They're not malevolent.  In the public context, they become agents of the system.  It's almost like a split personality.

The system has its own mind, just as a school of fish appears to have some hive brain as well.  The system has its own demands.  Perhaps it's a byproduct of natural selection such that people who adhere to the system's goals achieve preferential outcomes.

I am among the few people I have EVER met who will stand up and speak out against the hive mind's goals.  And I routinely watch people WHO AGREE WITH ME directly oppose my actions.  They may even come AFTERWARDS and say, btw I agree with you, despite having JUST not only contradicted me but attempted to ostracize me from the hive.  People defend the hive and the hive's mentality even if they disagree with it.

This is a highly interesting animal phenomenon...like lemmings collectively marching to what they invidually would fear.

I would bet when I drop a race grenade in here that half the people who call me RAYCISS actually agree with me 100%.  In fact, their opinions on these things would in many cases scare me.

Dec 1, 2011 3:48 PM

LOL...i write so far above my audience in my professional life that they ask me to dumb it down.

There is no curiosity out there.  Nobody wants to acquire perspicacity into the inherently abstruse.

Dec 1, 2011 5:56 PM

well, I like fellatIO from your mom...does that count?

But, no, I'm not using petitio principii

 

Dec 1, 2011 5:57 PM

I believe the average grade level among blacks is probably 5th or 4th in terms of reading.  Large swathes are functionally illiterate.

No, more money, AA, and racial setasides will not fix this.

Dec 1, 2011 6:16 PM

so what are we runnin here, 150B a month?

Dec 1, 2011 6:19 PM

The greens need to start protesting the Volt for all the emissions it pollutes the atmosphere with....when it burns up

Dec 1, 2011 6:20 PM

all the kids in lake woebegone were at the 4th sigma from their own mean too

Dec 10, 2010 1:24 AM

yep.

the euro carried the weaker nations into FAR more debt than they would have been able to get into under their own currencies.  And, now the austerity of the compound interest will be far more savage.  Either that or they bail the eurozone and just default.

Just taking the pain of the balance of payments deficits and consequent inflation is a much better bet than dealing with ANYTHING that the IMF or central bank pimps are trying to push

Dec 10, 2010 10:02 AM

...and gold takes a nice $17 slide

Dec 10, 2010 10:04 PM

agree on that one

Dec 10, 2010 10:06 PM

my 401k is up...

I've been in yield plays, energy, miners, and some bonds.  Been a good year or two in it.

Not everyone is sitting in dumbass tech funds

Dec 10, 2010 10:38 AM

in the defense of the society, ethnic minorities are far more likely to commit serious crimes requiring incarceration.

Dec 10, 2010 10:41 AM

yeah, we WANT China to increase prices.  The trade balance is untenable even at this figure.

the whole point is to get them to repatriate dollars by buying things made here.

The problem China has is that their industry isn't profitable NOW, much less with less dollar revenue.  If trade flows normalize somewhat, they are facing an incredible contraction.

Dec 10, 2010 11:01 AM

yeah, um, XB360 does not in any way shape or form obliterate the competition

Dec 10, 2010 11:09 AM

yeah; isn't this the most garbage, self-promoting piece of crap you've ever read?

And all the nonsense talk about "tackling" the big economic issues...what, like letting your beloved banks go bust, Krapkari?  Someone needs to spray paint fuck you on this assclown's forehead

Dec 10, 2010 11:12 AM

how the fuck did society ever morph into something where these idiots think it is their job or role to SOLVE problems???  Congress's job is not to fucking think they are supposed to be fixing shit.  All they do is progressively fuck it up.

Just GO HOME, Congress.  Go the fuck home, leave us alone please.  Let the bankrupt banks get run and shut down and their goddamned crooked executives ruined.

Dec 10, 2010 11:19 AM

A&Pcan'thasbailoutz?

Dec 10, 2010 11:56 PM

YES, asshole, redistribution.

This situation is created through SYSTEMATIC efforts BY the very top of the 1% to capture income from the other strata for themselves.

The executives never LIKED sharing corporate profits with rank and file workers.  They don't LIKE that you are allowed to fly on the same planes as they do and stay in the same hotels or that your kids could go to the same schools.

So they came up with shit like NAFTA and outsourcing in order to make the corporation more profitable and drive their own bonuses through the fucking roof.  They bribed whichever Congress they needed to in order to systematically repeal every protection.

Now we have a parasite class looking to remove every job other than their own to fucking China or Vietnam and, no, not pay a dividend, but pay a bigger BONUS.  Every laid off worker's salary went into some executive's pocket as a bonus.

I love how each and every idiot who defends this crap has some jiminy cricket fucking dream that they can "work" their way up into this plutocracy.  DREAM ON, morons.  Those seats are already reserved for the plutocrats' kids.

The top 10% should pay less taxes because they EARN LESS and the other 90% should pay more due to EARNING MORE.

Oh, and on my way out, fuck you.

Dec 10, 2010 11:58 PM

1950-1975 didn't have a MONSTROUS GOV'T LEVIATHAN EITHER

Dec 10, 2010 3:46 PM

there's no productive enterprise to speak of left.

I live in DC suburbs and Harris Teeter is packed constantly...sort of a midway between Whole Paycheck and a Safeway in terms of price points

Dec 10, 2010 3:55 PM

yes; let's "hold people accountable."

But NOT the people whose malfeasance was exposed by the leaks, just the people who did the leaking.

KILL ALL WHISTLEBLOWERS

Dec 10, 2010 4:10 PM

he was coined Eric "Place" Holder by the Washington CityPaper during his stint as US Attorney for DC.  This is the furthest thing from a conservative rag that there could be

Dec 10, 2010 4:17 PM

they'll probably try to grab him and have him hauled here or work some extradition strongarm to get him onto our soil.

THEN we will see a complete aboutface by the Administration on the propriety of military tribunals as opposed to criminal courts.  For terrorists and brown people, we want to red carpet.  For a white guy, fuck, summary execution.

Dec 10, 2010 4:19 PM

brown people HERE, though, are all that matter to the administration.  It's enough to make your head spin.

Dec 10, 2010 4:24 PM

he's right.  All the other ethnic groups should call the blacks out over their violent crime, illegitimate birth rate, and allergy to education.  To not do so is cowardly.

Oh, but wait, he probably didn't mean that...he meant we are cowards for not passing reparations or something? 

Dec 10, 2010 4:33 PM

ah, 911...the excuse for everything.

I had arguments with anti-government types and 911 was what it took for them to succumb and swallow the line.  They abandoned all skepticism.

Said that 911 could not have been prevented.  Well, shit, it sure could have by locking the cockpit doors!  But when you point this out, the cognitive dissonance is so bad, their desire to go batshit bunker mentality so great, that they just repeat what they said again.

911 was also a huge intelligence failure due to bureaucracy, not lack of info.  911 had precursor attempts, one in Paris just a couple of years earlier, same MO - muslims in a plane, intending to fly it into a landmark.  The El Al guy was on Matthews on 9/13 saying we lock our doors and the pilots will not come out, ever, no matter what.  And he was forced to repeat this simple statement in response to "but what if they are cutting up the flight attendants?"

911 did not need to happen and should have been easily prevented and the answer was not and is not TSA groping kids or porno Xrays.

Dec 10, 2010 4:38 PM

people really must have misread BNW or else they Cliffs'd it off of the internet.  The notion of "self-determination" in an epsilon or delta is utterly absurd.  This was all explained in ch 17, and the friction in the plot was not between freedom and fascism, but between sacrifice and self-gratification.

People strongly need to read that work and understand the counterpoints therein.  The epsilons no more wanted to be alphas than the converse.  Everyone was happy in their particular role.

Dec 10, 2010 4:51 PM

the XB360 was #1 in the gaming space until the 1st and 2nd party Sony developers actually learnt how to develop for the CBE.  Since then, it has been no contest in terms of technology.  Now, even shops who'd sworn off PS3 are having to admit that to realize their visions, they are going to have to bite the bullet and come back to the power it has.

If you want innovation, the XB360 is about as cookie-cutter an architecture as there could be.  Sony/Toshiba/IBM broke new ground with the CBE.  As for the Kinect, it's a gimmick; independent reviews of its contect have shown that to be mediocre.

Stick to misusing words like "penultimate," seriously.

Dec 10, 2010 5:02 PM

who in the fuck would want to access a computer via these interfaces?  It'd be slow and make your arms totally tired.

This was the substance of the first professional gamer reviews of the Kinect...it was a nice gimmick and pretty cool but as far as a machine-human interface?  It's a joke.

The Kinect does nothing to realize the dream of having a cellphone be able to do all of these things.  Meanwhile, the CBE is being placed into TVs and other embedded applications as people have finally gotten their heads off of the standard CPU/GPU architectures.  The Cell can decode 48 SD mpgs simultaneously, even the Air Force is buying PS3s to build their own supercomputer.  If you want a technology revolution, seriously, you need to focus on technology and not gimmicks with graphical tigers.

The wetware last mile interface is not solved by gimmicks like Kinect.

Dec 10, 2010 6:11 PM

silver's been a reliable sell outside the upper BB and a buy at the mid band.  RSI made multiple divergences on the day chart dating back to mid october but the declines were muted.  Watch the 27ish range

Dec 10, 2010 6:12 PM

this isn't even remotely true.  Deflation like you suggest reflects a shortage of money

Dec 10, 2010 6:15 PM

in deflation, the fiatscos get in line with the other claim tickets, aka, the bonds.  They denominate a share of real assets.  The growth may go but the elites don't care so long as they maintain feudalistic control of productive assets.

It's good to be Earl or Baron no matter the era.

Dec 10, 2010 6:19 PM

not just that, but the US was on course to be the world's #1 oil producer for the next 40 years.

We won WW2 because of oil, and we dominated the century because of oil.  The ME continued the ponzi in the 70s; the great Saudi fields weren't developed much until well into the 1950s; this saved the US economy for the following 30 years.

Dec 10, 2010 6:28 PM

DXY will not affect the dollar versus commodities as much as you believe.  Forex rates between a declining euro and relative rise in USD don't dictate dollar price of commodities.

Dec 10, 2011 4:11 PM

dude, people like you have cost a lot of people a lot of money with your shameless pumping.  Right at the height of your manic cheerleading, silver crashed almost 50% in price.

The physical did not disconnect from the paper; it is still widely-available, in quantity, for right around the spot price.

Nothing you predicted as imminent came true.  In fact, the opposite happens.  Perhaps you need to accept that you are the equivalent of a chicken little and are actually a MASSIVE FADE.

People who've gotten rich off silver have done so by fading people like you, cliff.

Dec 10, 2011 4:13 PM

oh, gotcha.  I just need to hold silver for 2000 years to get rich like the pumpers promised.  Or do I have to hold for 100 years?

I don't think there's anybody still alive who's been holding PMs since 1813, idiot.  Really, you need to re-read what you type before posting, unless it is your intent to sound stupid.

Dec 10, 2011 4:14 PM

I am really expecting more whipsaw consolidation.  After big moves, gold typically does nothing for 6 months to a year.

Dec 10, 2011 4:32 PM

The Rothschild BOE is the epicenter of a nearly 400 year ponzi of creditmoney.  In fact, this bank is a charter member of the FRBNY.  For centuries, London was the world hub of trade in real bills, the largest exchanges were there, and the Sterling Bill radiated power all across the world.

Like I said, all those Rothschild palaces did not build themselves.

Dec 10, 2011 4:41 PM

the problem with this thesis is that those who attempt to trade it by holding paper or eDollars are really trying to grab wallets dropped in a nightclub fire stampede from inside the nightclub while the inferno is building.

Sure, you MIGHT get rich that way, but the downside risk is immense simply because you can't guarantee a way out unless you are fucking batman.

A deflationary collapse like that will remove the moneyness of what we think of as money because underlying all of the FRNs in existence (save a small few) are unpayable debts.

In fact, what WILL happen in such a situation is that there WON'T be fire sales of assets.  Look at the mortgage market if you don't believe me.  People just STOPPED PAYING.  And in the case of corporations, everyone will run off with all the physical assets.  There won't be anything left; it'll all be looted from the CEO's desk chair down to the bathroom fixtures.

If you're in a company in collapse, steal all the pens and free sticky notes you want.  This is in fact exactly what happens to foreclosed homes.  They get stripped.

After a deflationary collapse, in EVERY CASE, you find a worthlessness of the notes of the bankrupt State, and a permanent reset higher in the aggregate price level.  This is because the law of positive ROI remains. 

Dec 10, 2011 4:43 PM

really, it matters not anymore...the financial powers that be are cousins who jet across the Atlantic back and forth from these two centers.

Each has its place.

Dec 11, 2010 1:50 AM

yes this was true in the past...nowadays the big barons put their fortunes into foundations, so the wealth can live forever

Dec 11, 2010 1:54 AM

are you fuckin stupid?  I think so.

ANYONE who believes that trade tariffs were the cause of the GD1 is a fool.

Dec 11, 2010 12:10 AM

Horsefuckingshit

Unions were strong because they had the upper hand on labor monopoly.

And so they forced executives to give up the profits.

You idiots who think what you think about fucking unions...wtf?  Would you RATHER all those corporate profits go into the pockets of the executives?  Because THAT'S WHERE THAT SHIT IS GOING NOW that the unions have sold out and been NAFTAfied.

BUSINESS is still very profitable on Chinese labor...and those profits GO TO EXECUTIVES NOW.  EVERY worker fired, take a $40k salary.  The executives divide that guy's former paycheck up amongst themselves as "cost cutting" bonuses.

Your post is RIFE with bullshit; German and Jap labor was NEVER CHEAP and the cost of labor was NOT the problem here.  Germany STILL has high quality products and a trade surplus despite some of the costliest workers in the world.  The DIFFERENCE is that the executive class was not PERMITTED via trade policy by bribed legislatures to OUTSOURCE all of the labor!

Dec 11, 2010 12:24 AM

that's what, in the TOP TWO PERCENT of salaries?

Fuck me if that ain't rich.  And I earn it.

Dec 11, 2010 12:27 AM

now you carry water for the plutocrats on ZH?

The people most interested in taking away what YOU have earned are your OWN EXECUTIVES.

They are RIGHT NOW trying to figure out how they can replace you with an Indian so that THEY can divide up your former paycheck amongst themselves.

They don't give a FUCK about your story, your work ethic, your skills.  You are a human resource to them with a cost point that they are looking to shrink.  Because that is the SUREST way to increase their own bonuses, is to reduce the cost of the human resources.

Dec 11, 2010 12:35 AM

BINGO.

Those at the top are at the trough.  The regional labor unions opposed NAFTA, for obvious reasons.

The national union leadership, owned and bought, told them to shut up and supported it.  Ross Perot was not lying.

Now, here we are, you "own" a company, you don't share in the profits as a shareholder bc dividends are low as shit.  You work for a company, executives are right now salivating as to how to replace your human resource with a cheaper resource so that THEY can take the difference and pocket it!

So, if you're born into the plutocrat class, congrats.  I know a few people who found their way into this.  The richest people I know are connected to the government tit like a starving hog.  Times have never been better for them.  So far as for one to say that they didn't believe there was any kind of housing crisis (in 08)

Dec 11, 2010 2:15 PM

i saw the title and had to check to make sure it wasn't April

Dec 11, 2010 2:19 PM

hanged is the past tense when it is a person.  Hung is for wall decorations and stockings by the chimney.

Dec 11, 2010 2:21 PM

it's the motherfuckers that did 911!!!!

Dec 11, 2010 4:29 PM

the law doesn't permit you in many places to present death as a consequence.  The State wants to exercise a monopoly over the use of force

Dec 11, 2011 2:06 PM

oil is not going to unpeak no matter what we do with this stupid credit system.

You people need to wrap your heads around that.  The credit effects are a SYMPTOM, not a cause.

Dec 11, 2011 2:09 PM

again, no amount of credit bullshit is going to resurrect Cantarell or any other oil field that is in terminal decline.

Just get over it, get over your stupid savings and your stupid expectations of money "making money" by the pure magic of growth.  Get over your idiotic capitalism vs socialism false dilemmas.  NONE of it matters.

Nature is at the plate now.  The count is 3-1. 

Dec 11, 2011 2:11 PM

DATS RAYCISS

Dec 11, 2011 2:15 PM

delusional...it doesn't.

That's the thing you downing effected people don't get.  The scientists are MORE creative than you are.  They come up with shit you can't even grasp nor comprehend and your stupid little "imagination" or whatever you think you're good as as a conceit to cover for your inadequacy in math isn't the indispensible portion of the creative process.

Jimi Hendrix isn't a pile of shit in the overall scheme of things, nor are all the self-important artists in the history of the world.  People like Orville and Wilbur Wright piss on them.

Art trumps nothing...go paint me a fucking oil well.

Dec 11, 2011 2:26 PM

yes, austerity is the backside of the compound interest function where the usurer ends up coming and physically taking the ground under your feet in the land your forefathers built.

Dec 11, 2011 2:40 PM

Let me just give the abridged version of what IB is disclosing above.

"IF IB FAILS, YOUR MONEY IS GONE."

It's as SIMPLE AS THAT.  Brokers are in the business of trying to MONETIZE every single thing they can.  They lend your securities.  They lend the securities you have borrowed.  They lend your cash.  They lend anything in any account, anyWHERE, and there is boilerplate that permits them to do it.

IB borrows money, buys the stock for your margin trade and then lends that stock back to someone else for the cash.  At that point, YES, they probably play roulette with that cash just like all the rest of the cash the firm has access to.  When I worked on MS's NY money desk, they were doing $30B of repo transactions per day back in the early 90s.  This is orders of magnitude bigger now, trying to create money from thin air.

So who really owns anything at this point?  The answer is you own it if it's in your hands and hasn't fallen out of your canoe last camping trip.

If shit goes sideways, the BIG FISH have PURCHASED special "face down trap cards" (YuGiOh reference) from the Congress which WILL put their claims ahead of yours.  PERIOD.  Don't argue, don't dispute, don't question; accept.

Dec 11, 2011 2:42 PM

WTF good is that going to be?

they're going to have their lawyers REITERATE the boilerplate in the contracts you signed and then they will go and DO the opposite!

Dec 11, 2011 2:43 PM

good luck.  The exits in nightclubs are seemingly purpose-built to trap people in case of a conflagration.

Recognize that.

The REALITY is that the credit system NEEDS margin purchasers the same as the mortgage debt needed a physical person's wet signature to close the loop.  The actual mortgage was just the tip of a huge iceberg of credit growth.

Dec 11, 2011 2:47 PM

people fled to the suburbs to get away from crime and blight caused by a group that strangled the inner cities to death.  Decay follows this group everywhere.

It's not as if people WANTED to be a million miles away from everything...it was just a hell of a lot safer out there.  Yes, coddling this group of locusts as they migrate and destroy has caused top-to-bottom systemic misallocation of resources.

Dec 11, 2011 2:52 PM

nah...read more closely.

You buy the groceries on margin, you don't get to take them home.  The store then RE-LENDS (this is hyopthecation) the groceries you bought on margin to someone else and gets the cash back.  They then take the cash which was spun from thin air and play roulette with it; in the case of MFG, that was in-house repo transactions to finance the firm's internal margin position on EU sovereign bonds.  As shit got worse, MFG was forced to start intra-repoing segregated physical accounts such as actual bars of gold.

So, what the fuck do you or anyone else own in this situation? 

I called banking an evil many years ago because it is the speculation using OTHERS' money as collateral.  They get to gamble with your chips.  And we have shit like the FDIC and TARP to socialize the losses when they lose.  But they keep all the winnings.

When you people go out and meet the even dumber friends you all have, who don't "get it," use this analogy.  Bankers are gambling with OUR CHIPS.  When they win, they keep the winnings.  When they lose, they pass the hat to everyone in the casino to make the stack whole again.  Even cretins can grasp this.

Dec 11, 2011 2:54 PM

LOL...you don't get it, do you?  You really don't know, do ya?

Mfin it ain't gonna matter if these are PHYSICAL GOLD BARS in this brokerage; when the shit hits the fan, ALL OF THEM will intra-repo those assets to cover the FIRM's positions.

They WILL GAMBLE WITH YOUR CHIPS, ok?

Dec 11, 2011 2:57 PM

this is only what you understand now.

Beware of those face down cards before you play your next monster.

The big fish have purchased traps that will put them ahead of you in a liquidation.

Dec 11, 2011 7:20 PM

At NO POINT did I ever say people shouldn't own any silver you binary-minded idiot.

I said that they should NOT LISTEN to silver pumping moron shills like YOU as to how to allocate their wealth.  And I have correctly pointed out that real wealth in silver is too heavy to run with and may end up being a TOTAL loss.

If, for some reason, you don't have access to a TRUCK that you can drive out to wherever you're going, you face the possibility of TOTAL LOSS with silver.

1000oz bar is a mere $32k at today's prices.  That is 31.1 kilos.  Do you really think you can pack that?  That's at the upper limit of a professional soldier's pack and you ALSO plan to truck all your ammo and guns and the rest of it.  If you have $320k in silver, you are going to be forced to WALK OUT on 90% of your wealth even if you can pack 62lbs with you.

With gold?  $32k is a mere 18oz at $1700/oz.

Silver is a get rich quick scheme pumped on the internet by people who are MORONS.

Dec 11, 2011 7:21 PM

why, because everyone agreed with me?

wait until I push them toward their mental 3rd rails.  Everyone here is aboard with the fact that the brokerage/trading/market system is a scam.

But there are many planks of MSM orthodoxy they would defend with violence.

Dec 11, 2011 7:27 PM

STFU you frickin idiot

Dec 11, 2011 7:28 PM

the reason they can't get it?  Downing Effect

Dec 11, 2011 7:32 PM

in many cases they are prevented from moving closer due to black crime in the cities and the destruction and blight that they bring everywhere they are.

Fortunately, forward-looking cities are gentrifying to make them safe again

Dec 11, 2011 7:35 PM

oh yeah life is much better where they came from.  Turnkey 1st world countries like Rhodesia and RSA being destroyed in less than one generation, reverting to the natural state of the rest of the continent.

They brought Irish over in ships that weren't seaworthy.  Sharks learnt to swim behind them for the periodic free meals.

Dec 11, 2011 7:47 PM

moron...

there is no fucking shortage otherwise the price would go balistic and there would be no silver around.

they sure as shit wouldn't be selling it from coin shops to idiots like you

Dec 11, 2011 7:48 PM

stockpiles are supply when there is a systemic supply shortage.

You saw that in oil during the runup to $145.

Of course, cliff, you won't let ANYONE get in the way of your GET RICH NOWWWWWWWW silverbug pumper bullshit.

Scoreboard says $32 and that EVERY SINGLE PREDICTION you've made about silver has been WRONG.  You've cost a lot of people a lot of money.  You should be ashamed of yourself.

Dec 11, 2011 7:51 PM

you guys are idiots.

When this crash happens, industrial demand for silver goes off a fucking cliff.  And so does your net worth.

Look at what PLATINUM is saying to you right now, idiots.  It's RIDICULOUSLY rarer than gold and has industrial use, yet it's trading at a price discount.  So is Palladium.

Dec 11, 2011 8:33 PM

no, I am describing YOU, cliff

Dec 11, 2011 8:34 PM

you cannot identify silver at a glance, EITHER, you fucking moron.  Nor gold.  Nor a cogent argument.

Dec 12, 2010 4:55 PM

it won't be so long as the money is taxed out of existence.

Tally sticks or PURE fiat are not inflationary.  That is when government and government alone controls issuance and distribution of money.

the Fed's purchases will only be inflationary at the margins, aka, the deficit portion that is *not* taxed back by the sovereign.  That cash stays out circulating.

Insofar as the interest component keeps exponentiating, this game will end in massive inflation.  To prevent that, the money must be divorced from debt.

Dec 12, 2011 1:50 PM

I clicked it and Chuck Norris came up in the video.  Yes, I AM CHUCK NORRIS

Dec 12, 2011 11:49 AM

how many fucking times do you have to be told this...industrial users buy from PRODUCERS, not from the FUCKING COMEX.  Comex is an exchange...NOT A PRODUCER OR BUYER.

They simply make a market around the margins and provide cash-settlement.

Dec 12, 2011 11:52 AM

rehypothecation is just another word for bankers gambling with YOUR CHIPS.

They gamble with the stock you own outright and they even pledge the shit you bought on margin.

They will gamble with ANY chip you put in their possession, and are authorized to by law.  In the UK, there are virtually no limits whatsoever on this practice.

Dec 12, 2011 12:02 PM

HAHAHAHAHAHAHA...you've never seen a 2nd or 3rd world country, have you?

the police work for bribes and they jack people. The regulatory framework ALREADY exists for the police to legally steal from you.  They can drop a joint in your lap and take your fucking car and everything in it.

If their pensions vaporize, they will use their badges and guns and go take their pensions from the public.

In places like brazil, people with automatic weapons lighting up police cars serve as a rough check and balance on this type of police aggression.  In East Germany, the police power was mostly uninhibited.

We have the nice terrorism/patriotism nexus to steer us more toward the latter than the former.  Mow the cops, they find a rat/informer/friend of the State to rat you out

Dec 12, 2011 12:21 PM

expect worthlessness of all paper assets then, because they are all debt claims

Dec 12, 2011 12:22 PM

jibe ho

Dec 12, 2011 12:31 PM

real economy: negative profitability

solution: leverage and a virtual economy of MLM schemes

Note in EVERY SINGLE "recipe for a solution" we hear about how it will get "growth" going again.  That's a fuckin prerequisite, an axiom, of the system.  It's hundreds of years old and everyone has become accustomed to its running one-way.  It seems impossible that contraction could actually occur, yet that is where we are.

The monetary problems are a SYMPTOM, not a cause

Dec 12, 2011 12:33 PM

facebook is only good as a rolodex of acquaintances and to vet chicks you picked up on dating websites to see if they actually look like their pictures

Dec 12, 2011 12:34 PM

Silicon Valley doesn't have the demographics to ever look like Detroit

Dec 12, 2011 4:26 PM

Ghosts bitchez

Dec 12, 2011 4:38 PM

he has important relatives

Dec 12, 2011 4:40 PM

There's an entire TV channel essentially devoted to replaying Germany's last attempt at ridding themselves of the shackles of this enslavement system

Dec 12, 2011 5:20 PM

fucking bullshit, but whatever.

You idjits with your asinine ideas about how raw materials useless to natives were somehow "plundered" and then turned into useful manufactured articles by some sort of "theft" process....

Manhattan was useless to the injuns, that's why they took $5 for it.

Dec 12, 2011 5:25 PM

Delever and sell....to WHOM?  The Fed?  There's nobody with any fucking money to buy this shit and even if they did, why the hell would they buy the paper of bankrupt sovereigns??@!?!

Dec 12, 2011 7:42 PM

all that debt, needing to grow, needing to be serviced and nobody can do it.

Dec 12, 2011 7:45 PM

they need to print the Z1 and just be done with it

Dec 12, 2011 9:44 AM

I guess silver is "on sale" again?

Dec 12, 2011 9:46 AM

they are fighting it tooth and nail it seems.  But it took the Fed a year from BSC to make the announcement.

We quite possibly may be in for substantial additional selling

Dec 12, 2011 9:51 AM

I guess that "silver-gold parity" is going to have to wait until next week?

Dec 13, 2010 10:33 PM

Somebody JUNKED this?

Whoever you are, fuck you!  LOL, you're junking the fucking Laws of Thermodynamics?  wow

Dec 13, 2010 10:37 PM

Jevon's Paradox, bitch.

All you idiots with your efficiency shit...there are WAY MORE COMPUTERS NOW consuming WAY MORE megawatts!

Colonize other moons...HAHAHAHAHAHAHA.  Which ones, genius?

but...but...MUSIC can be duplicated.  Yeah, um all those electrons require power.  I can't be expected to waste time explaining this to you any further.  With all the extra efficiency, it's AMAZING that oil consumption has increased and so has electrical power demand, eh?

Dec 13, 2010 10:42 PM

what is so nightmarish about eugenics?

Dec 13, 2010 10:43 PM

well, that just means that you're stupid, that's all.

Because EROI is critically important.  If you EXPECT or NEED that ball to return more energy coming down than going up, then you're fucked, aintcha?

See, without surplus power none of this shit you see blinking in front of your face right now would exist.

EROI matters in economics because surplus energy is what does all the doing. 

Dec 13, 2010 2:02 PM

well, that is not technically correct.  both the DOI and the Preamble are referred to in Constitutional cases.  They have some weight but far less than the Document itself, more as a contextual framing thereof.

Dec 13, 2010 2:07 PM

yes, only VERY recently has the SCOTUS seen fit to find any limit whatsoever in the scope of the commerce clause and related dormant commerce clause jurisprudence.

Dec 13, 2010 4:11 PM

huh?  the final "days" of Rome?  History, anyone?

Um...this may come as a shock but the final "days" of Rome took CENTURIES.  There was no "moment" in which the empire fell.  It just petered out over half a millennium, and to a large extent was carried forward by subsequent empires operating out of its latter-day capital

Dec 13, 2010 4:23 PM

lotta people are simply clueless about history and why shit happens.  Lemme help.

The US won WW2, we all know that...but WHY did we win?  Why not Germany?  How was it that we and the Soviets won?  What was the war really about?

Well, it was about oil.  It just so happens that the 2 great 20th century empires were the world #1 and #2 oil producers for like 70 years.  Then, something happened to one of the empires.  Its production peaked.  This was in 1970...it was the USA.  And, all of a sudden, collapse seemed inevitable.  The BW accord came apart, inflation was rampant, seemed like we couldn't do anything well, and Mondale was even talking unilateral disarmament.  But, the powers here were clever and hooked the Saudis into having the USD sort of be buttressed by debt and ME production.  We sort of erected an imperial structure there and began encircling the strategic oilfields.  This is the petrodollar.  And it worked.  We roped the major ME producers into the dollar zone.

Meanwhile, the Soviets were going strong with their empire.  Until something happened.  They peaked in 1989.  And it shouldn't require great genius to figure out what happened next.  There were no great producers in their sphere of influence upon which they could further support their empire and currency.  We had made the necessary strategic moves 15 years earlier.  So, the USSR collapsed.

It was not bankrupted by Raygun or Star Wars.  You cannot "bankrupt" a nation that can print currency...it was bankrupted by inability to grow.  It could certainly grow "credit" and paper but it could not grow real things such as energy.  Its mitigation plan in terms of nuclear proved to be a disaster, i.e., Chernobyl.

The soviets could have "spent" whatever they needed, but they could not print oil or anything else real for that matter.  Assuming the maintenance of their empire required steel, if steel peaked and was in sudden deficit, the empire would have collapsed as a result.  This is simply how things work.

The US Empire is entering its 2nd phase of collapse as a result of the peaking of oil within its larger imperial sphere.  I mean, look around, a lot of 70's-ish talk out there.  The same sort of general malaise, lack of confidence, etc.  The system's energy inputs are no longer growing.

Dec 13, 2010 4:28 PM

our cellphones end up in the 3rd world as well, the used ones.

Also, I saw "Chicago Bears Superbowl XLI Champion" Tshirts and hats on africans on a documentary

Dec 13, 2010 5:50 PM

um...debt is senior to equity.  Debt gets converted to equity and equity gets converted to bagels

Dec 13, 2010 8:20 PM

The Fed got this muthafucka...short at your own risk

Dec 13, 2010 9:28 PM

JPM better like take over Peru or something; that way they can deliver.  Just use some Fed window cash to hire Xe and get it done

Dec 13, 2011 11:19 AM

get ready to rumble...they can't actually close the Strait "legally"

Dec 13, 2011 11:25 AM

the fact that FRN debt underlies 75% of the world and that debt must grow means we are able to marginally continue ganking countries fo' they golds and oils

Dec 13, 2011 12:26 AM

an .06?  Are u nuts?  These things fly well beyond small-arms range and you won't even know it's up there nor be able to hit it.  You'd need AA guns to hit one and the fkin thing is stealth...how you gonna even see it?

The doctrine for shooting at aircraft with small arms is the static wall of fire principle...anyone thinking that a rifle with a maybe 400 yard effective range is going to down an aircraft is a total fool

Dec 13, 2011 12:31 AM

Syria goes first...then Iran.

To do Iran is going to require some kind of uprising that we can "defend" and some kind of signon from "the Arab League" and shit like that.

Once we build the coalition for cover, we move.

Dec 13, 2011 12:45 AM

Concur.

This is a flying wing and would necessarily be aerodynamically unstable.  It did not glide anywhere.  If the control systems quit, it will glide like a pair of pliers.

There doesn't appear to be a fuckin scratch on the thing...not bad for supposedly falling out of the sky.

Dec 13, 2011 5:31 PM

I actually thought Gingrich would win the nomination when I heard he was running...something about it just struck me as probable despite the rest of the field.

The establishment wants him or Romney

Dec 13, 2011 5:32 PM

gee you act as if jews own the media and will smear him or something

Dec 13, 2011 5:33 PM

gee, you act as if jews own both the SPLC and media and will smear him

Dec 14, 2010 1:19 AM

9.8 is freefall, a chain is 66', there are 3600*24*14 seconds in a fortnight...u can handle the rest

Dec 14, 2010 1:29 AM

stop defending yourself against some "raciss" charge that you are INFERRING someone is making.

Look, everyone just stop fearing the label, stop using the label, move on.

Dec 14, 2010 1:34 PM

this augurs badly; the 1930s big crash featured a bond crash to go with the stock selloff...this bears watching

Dec 14, 2010 1:38 PM

the entire solar system is warming.

Also, what happened to the glaciers from the ice age?  Neandarthal SUVs?

CO2 is not the cause of warming, it is correlated to it.  Learn your effing science

Dec 14, 2010 1:41 PM

classic rentier feudalism.

Dec 14, 2010 1:45 PM

you're fucking backtracking.

First it was "warming," now it's "changing climate."  As if pollution EQUALS emissions in a broad sense.

The earth will survive without us, it does not orbit around us.

The *real* issue is one of attempt to sustain exponential growth.  As for warming and whatnot, the aerosol contamination over much of china and the Indian subcontinent has produced a net cooling effect.  Also, pan evaporation data from farmers shows a 30% decrease in surface solar intensity over the past 50 years.

If the POINT of the AGW crowd is to sound the alarm on the growth problem then let them do THAT instead of trying to squeeze in a growth cap via some junk science and fabricated data.  The ends do not justify the means.

Dec 14, 2010 1:48 PM

I thought Cap&Loot was dead...this thing is like a zombie now

Dec 14, 2010 1:50 AM

yeah the moon is absolutely RIPPING across the sky when you look at it.  Don't blink, you might miss it

Dec 14, 2010 1:51 PM

banks have no business in futures markets.  Only producers and consumers should have seats.

Dec 14, 2010 12:47 AM

JFC, the minimum fucking wage is NOT THE PROBLEM and never fucking has been.

The rest of it I can buy into.

But entrepreneurs can't print oil either

Dec 14, 2010 12:54 AM

the bankster and K street rich ARE THE FUCKING PARASITES.

So what if they get taxed more, they LIVE OFF OF OTHERS' TAXES

Dec 14, 2010 2:08 PM

at least you're no longer denying its reality, just making the cornucopian response to it of "they" will just figure something out so happy motoring can go forward.

These "problems" you foresee could take decades to unfold...the issue is not "human progress," it is your life and mine.  A century-long recovery from a collapse in oil production is not something I'd prefer to go through.

Dec 14, 2010 2:09 PM

define "cheap" oil

Dec 14, 2010 2:10 PM

Because China doesn't have a fucking NAVY capable of mounting an amphibious invasion of Hong Kong, much less Canada!

do you not understand what "maritime" means?

Dec 14, 2010 2:11 AM

oh jfc, wtf is this site loaded with moonbats??

Dec 14, 2010 2:19 AM

post hoc fallacy...back to the minor leagues with you

Dec 14, 2010 2:28 AM

270B GDP, it's doable...10% coupon on that and a few trillion ought to get it done.

Dec 14, 2010 2:29 PM

best bet is to opt out of the commercial Xmas.

Also, every laid off worker needs to understand that their former salary is to be divided up amongst the execs earning 200x what they used to make.

Execs make their own bonuses out of the salaries of former rank-and-file.

Dec 14, 2010 2:31 AM

too little, too late.  He chose to ban people like me who warned him.

Dec 14, 2011 1:00 PM

whether or not gold is going up has nothing to do with the fact that silverbugs like you are getting ABSOLUTELY MONKEYHAMMERED.

Anyway, I have a short gold position since a week ago anyway

Dec 14, 2011 1:04 PM

Slave status?

Are you that stupid?  The civil rights act was one of the worst pieces of legislation ever passed.

Nature decides your status, not RP

Dec 14, 2011 1:07 AM

well, if all you moonbat idiots think it was some kind of conspiracy then that's enough evidence for me that these people like Corzine were just incompetent

Dec 14, 2011 1:07 PM

GFD you people are idiots...you think ANYONE other than whites gives a fuck about racism?  They are UNABASHEDLY and UNAPOLOGETICALLY racist.  While you kvetch and fret over it.

The stupid are those who pay any attention to this "racism" shit

Dec 14, 2011 1:10 PM

Roots was a joke and if you believed in that shit, you're a moron.

Of course you'd take your life now....you have whitey providing tons of gibs me dat and you can continue to be as lazy and unproductive as you were 200 years ago except now you get all kinds of free shit

Dec 14, 2011 1:12 AM

KSA becomes irrelevant past-peak.  They can go fuck themselves, basically.

And if the chips are down, they appear to have been coddled spoilt brat piece of shit arab trash for so long they've forgotten that any of the western powers could utterly kick their ass in about 5 minutes

Dec 14, 2011 1:12 PM

this is just stupid...race is NOT a superficial distinction.  SKIN COLOR, just one aspect of race, is a superficial distinction.  But skin color is NOT race.

And your definition of racist is wrong. 

Dec 14, 2011 1:15 PM

why WOULDN'T people ask blacks to leave, fuckin black cabbies won't pick you up either and black waiters HATE to serve you.

Blacks are rude, obnoxious, shitty tippers, a crime risk.  YES, PLEASE remove them from the establishment and everyone else's dining experience can be better.  Go shoot up the Waffle House or something.

Anyone colored has benefitted from the decades of gibs me dat. 

Dec 14, 2011 1:16 AM

...he loved Big Brother, bitchez

Dec 14, 2011 1:23 PM

WTF are you smoking?  Most schools are TOTALLY segregated and so are most neighborhoods!

VAST majorities of whites and blacks and hispanics live in high-majority same-race areas.

The reason is because people of ALL colors do not want to live around blacks...they destroy whatever they come into contact with.  Schools that are all white or asian are "good" and "inner city schools" is code for heavily-black and that means 30s % graduation rates and crime and metal detectors and shit.  So everyone who can, including the blacks at the right of their bell curve, move to "good" schools.  As Section 8 and busing and the rest of the gibs me dat AA parade migrates more blacks from the schools that are bad BECAUSE of them to schools that are good because they are not there, the eventual result is a migration of the pattern of destruction and crime.

In fact, the longitudinal studies on Section 8 and crime patterns were SO COMPELLING that the people who saw them initially believed they had accidentally shown the same map twice.

People vote with their feet.  Whitopias are clean, shit works, crime is low.   Blacktopias are Detroit...why the hell would ANYONE expect diversity?  JFC, in NYC, blacks and hispanics commit ABOVE 90% of the violent crime just by themselves.  I can point you to the NYT crime stats page where they show exactly who and where.  Blacks alone are 60%.  THIS is integration.  THIS is diversity.

So, do YOU want that shit?  Do YOU want your kids in a school that is a complete failure?  Do YOU want to have your shit stolen, to get robbed, maybe killed?  Nobody else who cares does either, so they flee blacks and self-segregate.

This WILL NOT CHANGE because nature is what created this diversity in behavior and nature doesn't give a shit about what we WISH were true.

Now, go buy the world a fuckin Coke or something

Dec 14, 2011 1:25 PM

It is hate to STATE FACTS, bitch?

I stated EASILY PROVABLE FACTS.  You are so mindfucked beyond belief if you think the utterance of facts equals hate.

Dec 14, 2011 1:27 PM

nature is your worst enemy.  Stop blaming white people for your failures

Dec 14, 2011 10:49 AM

silverbugz getting absolutely BLOWTORCHED

Dec 14, 2011 10:50 AM

DWLs are the biggest white separatists on the planet.  They vote with their feet and move to whitopias where they can pontificate safely sheltered from reality

Dec 14, 2011 10:52 AM

nah; they'll just print it like Japan has for 20 years

Dec 14, 2011 10:53 AM

you can barter yourself out of the country with gold

Dec 14, 2011 11:36 PM

well, anyone who was a silverbug is getting a LOT less cereal for their precious stack

Dec 14, 2011 11:39 PM

we know you will too.  And you will shamelessly pump it on the internet, costing some people 40% of their life savings after telling them to "back up the truck" and "buy with both fists" at $49.

How does it feel to be such a loser?

Dec 14, 2011 11:57 PM

do you mean people or black people?

Bcus NY when the lights went out was pretty freakin calm.  It will take less than 48 minutes for black people to go apeshit when the law is turned off

Dec 14, 2011 12:02 PM

I'm tweeting to silverbugz about "$60 by next week" and "$49 by the end of the week"

Dec 14, 2011 12:18 PM

yeah this type of schadenfreude is unbecoming...Rubeini has been wrong for so long that he's just desperate.

But, at this point, gold has knifed thru the 200DMA and is entering oversold territory, but not horribly so...way outside lower BB.  Needs to rally convincingly soon.  The weekly chart looks fuckin ugly, absolutely looks waterfallish

Dec 14, 2011 12:41 PM

your statements are totally wrong unless you live around people who are fucking thieves and robbers.

If you live in the HOOD, expect HOOD type outcomes.  If you live around the type of people who are typically in the HOOD, you will get HOOD behavior.  The reason the HOOD is like it is is because of the PEOPLE there.

Poverty DOES NOT CAUSE CRIME

Dec 14, 2011 4:58 PM

well paper has not decoupled from physical and silverbugz got MONKEYTORCHED today

Dec 14, 2011 5:00 PM

bbbbut...bbbbut...I thought silver was in supply shortage and the physical had decoupled from the paper?!?!?!

You mean shameless pumper shills on the internet are not to be believed?  I'm so disillusioned.... :/

Dec 14, 2011 5:05 PM

you were probably saying this 2 years ago...even Faber was

Dec 14, 2011 7:19 PM

You've heard that?  You're an idiot.

Dec 14, 2011 7:23 PM

nah I have a giant stack of FRNs, I can buy more silver today than yesterday.

I guess in your world, that's losing.  Making money is for losers.  Maximizing your take is for losers.  Right, cliff?

Basically, people like you brand winners as losers so that YOU can feel better about yourself...because it is YOU who are really the loser.  In all things.

How much more money are you going to cost people before you do the world a service and kill yourself?

Dec 15, 2010 1:15 PM

The Fed is gonna sell all these bonds at a loss...their acquisition of them was at the highest price possible

Dec 15, 2010 1:32 AM

the treasury can dissolve the Fed and repatriate the gold by force.

Dec 15, 2010 1:49 AM

Helen Thomas got blasted by the ADL for being an anti-semite merely for IDENTIFYING those in control.

It is INARGUABLE looking at the executive in the major studios, film and television, as well that of the major newspapers that they are run by jews.

The Federal Reserve Board at the top of the banking system is nearly unanimously jews.

So, Helen Thomas stated the truth...was THAT her sin?  No.  It was in IDENTIFYING the ethnicity of those who have the control.  Even identifying this clan who incidentally behave like a clan, have their own clan religion, interlocking clan affiliations, etc., is verboten.  The realization after the 40s was not that this clan domination of parasitical industries for clan benefit was the problem, the problem was that the clan could be identified.  The solution is to utterly FORBID anyone's pointing out the monoethnicity of the levers.

Dec 15, 2011 1:24 PM

a lot of things people believe are actually false...it is the zeitgeist.

The truth won't hurt, but telling it will as many don't want to hear it.

Trying to get people to accept the truth...many would rather die first.

Dec 15, 2011 1:28 PM

Jefferson?  Slave owner.  Killed natives.

Their fathers conquered, therefore are evil.  Ergo, everything Jefferson ever said or did is repudiated as irrevocably tainted.

Just like how if I say water is wet, someone inevitably calls me a BIGOT or GRAND WIZARD.  Every time they are backed into a corner, they invoke cloture with the DATS RAYCISS tag.

Try bringing Jefferson up one day (the original liberal) to a libtard.  Dead white male, slave owner, bigot is what you will hear in response.

Dec 15, 2011 1:34 PM

this guy has "segregated accounts"...ROTFL, that sounds safe

Dec 15, 2011 1:36 PM

the SYSTEM is fucking insolvent.  Is that so hard for people to grasp?

Dec 15, 2011 1:37 PM

he probably said something at some point which was not complimentary toward blacks and therefore his opinion on everything is invalid.

Just another Dead White Male.

Dec 15, 2011 1:39 PM

HAHAHAHAHA...you people don't want the TRUTH; you can't handle the truth.

People want to believe in silly fairy tales; they want to feel better.

Dec 15, 2011 1:43 PM

um, what?

I examine the DATA for and against.  You do not.  You ignore it.

The experiments have been repeated several HUNDRED times and have all shown the same thing.

But, no, the MSM and libtard message of equality is correct.  SURELY this must be the case, right?  It just HAS TO BE.

Just like the economy HAS to get better and we just HAVE to find a way to pump more oil.  Right?

You idiot.

Dec 15, 2011 1:47 PM

pictographs aren't the written word. 

Japanese looting after the tsunami...LOL.  Yeah, they were carrying fuckin TVs down mainstreet and filmed inside wall mart emptying out the place with several uniformed police officers.  WTF, man...do you ever just step back and look at how stupid the shit you say is?

The rulers in latin america are whiter and blonder...the lower classes are browner.  This is even true in Africa.  There is so much in evolutionary biology that is a mental 3rd rail for people like you and it's packin a lotta amps.

Best to just keep chanting your mantra.

Dunno wtf any of this has to do with individuals, but that was a nonsequitur...and I told your stupid ass that a general statement is not a specific one.  Just STFU already, moron.

Dec 15, 2011 1:48 PM

here's an easy signpost for you, look for my writing on here that has the most red arrows

Dec 15, 2011 1:49 PM

what experts?  You mean booktalkers, right?

People who want to sell you something, pumpers?

You are too easy, Cliff.  Just keep blabbering at the bar.  Imagining and hoping and strenuously wishing that you'll GET RICH QUICK off of silver.

Dec 15, 2011 1:51 PM

anyone in cash since $49 can pick up nearly twice as much as your precious silver, IDIOT

Dec 15, 2011 10:33 AM

wow...a whole 100k oz in a sea of 800Moz *annual* production.  You bugz better get busy

Dec 15, 2011 10:38 AM

agree...it went thru the 200 like it wasn't there.  Expect a retest and then place your bets

Dec 15, 2011 10:42 AM

let's see here...I called silver a short at 49.  SPECIFICALLY advised caution and gave a techical reason.

You laughed and called me stupid for that.

Here we are with Silver in the fucking TWENTIES, you fuckin bitch, and you are behaving as if it were really in the 60s!

Your approach seems to be to pretend that REALITY DOESN'T EXIST.

REALITY is that YOUR predictions FAILED MISERABLY, YOU WERE WRONG, and YOU cost a lot of people a LOT of money.  WHOEVER followed your shameless cheerleading on the runup from the 30s to 50 LOST MONEY.

That is a FACT, you fking BITCH.  So is that the DOLLAR has done BETTER than silver since several of us called short.

The truth is that YOU are the biggest fade around here.

Dec 15, 2011 10:52 AM

Not seein much here

Dec 15, 2011 10:56 AM

why is it when gold went up it wasn't manipulation?

Dec 15, 2011 11:02 AM

look...what has occurred should be mostly obvious.

European banks are in immense dollar liquidity stress.  Look at the EUR or DXY.  They have leased to sellers or sold outright against the dollar POG in order to raise dollars.  The collapse of lease rate is indicative of high interest by lessors, aka holders.

BB is holding the ECB hostage here.  Either they print or the fact that most of their debt is in USD destroys them.  Period.  Win/win.

Bear in mind that BANKS and hedge funds, even those physically holding client assets which may be physical gold bars, WILL sell anything they can for paper liquidity to stay alive.  To THEM, "cash is king" because those accounting figures are the difference between being employed and operating and not.

MFG's experience with rehypothecation and comingling are proof positive...you think MFG is the ONLY entity that did this?  LOL.  They are in the paper/eDollar world.  THAT is their god.  If you have an account with them and you want to hold physical gold, THEY do not care.  They will lease, rehypothecate, sell, what you own, even ILLEGALLY, to keep themselves alive.  This has happened again and again and again and we remain just SHOCKED that there is gambling going on in this establishment!

Dec 15, 2011 11:04 AM

this site is amazing...a sort of capsule summary of wider society.

You were wrong.  You are a moron.  Your predictions didn't come true; in fact, the opposite did.

Yet here you are calling ME blind and a lot of people would AGREE with you.  You could probably win a VOTE despite having been asininedly assbackwardly WRONG about nearly EVERYTHING.

The facts just don't matter...and you idiots cannot even step back and see how you are JUST THE SAME as the wider population, who you deride as unenlightened.

Dec 15, 2011 11:13 AM

BLOWTORCHED, bitchez

Dec 15, 2011 11:19 AM

you idiots amaze me

you think the MSM is telling you the truth?  I state a FACT and you accuse me of hate.  That is why we call these "hate facts."

You people are delusional and dangerous. 

You have no idea how amusing I find all of you, in that you think you're outside the matrix because you can see the financial con and the larger society cannot, but there are levels of truth you are simply UNWILLING to even approach.  And you fight to stay IN the Matrix.

Doesn't it occur to you that almost all of the orthodoxy you encounter every single fucking day is propaganda?

Dec 15, 2011 11:22 AM

petitio principii

It was a rhetorical question, you moron.  If you see me asking the likes of you people a question, you can safely assume I already know the fucking answer.

ZH is just another matrix

Dec 15, 2011 11:33 AM

I said to go to dollars when silver was at 49, MORON.

You said to "back up the truck" and "buy with both fists" for an "imminent Comex default" and "$60 by next week."

The more the mania ran, the more breathless were your calls to BUYBUYBUY. 

You were on here last week telling everyone to buy buy buy no matter what...and here we are with the price's having collapsed AGAIN.  It's like God is watching you and making the opposite of whatever you say happen.  You're like a Cassandra except more like Castupid.

As for votes, I've NEVER cared who junks me.  The reason for that is that the TRUTH is unpopular.  The more I push you idiots onto your mental 3rd rails, the harder you resist and the more angry you become.  You're like fucking trained dogs.

I can state one hate fact and yank the chain of the whole mass of you.  The FUNNIEST part is that you believe yourselves enlightened.  You actually maintain cognitively dissonant states, and seem to believe the MSM only tells you the truth on stuff you WANT to believe.  You're so afraid of even VIRTUAL social ostracism that you will lie, accept lies, follow liars, and self-destruct.

Dec 15, 2011 11:34 AM

Say Violin again motherfucker

Dec 15, 2011 11:51 AM

you're replying to someone you claim is one...check

you are a monkey with cymbals; I twist the key

Dec 15, 2011 12:00 AM

so you're admitting you were just cheering for OTHERS to buybuybuy and "back the truck up" in the mid 40s?

You're a real piece of shit

Dec 15, 2011 12:03 AM

you're an idiot and a broke loser...who the fuck WOULDN'T want to be the opposite of you?

Dec 15, 2011 12:04 PM

blacks have lower IQ than whites on average.

Do you REALLY hear "I hate blacks" when I write this?  Honest question...

Dec 15, 2011 12:05 PM

good example...you can test whether they are lying by doing investigation into the facts.

You refuse to do that with things you WANT to believe.  You just accept.

Dec 15, 2011 12:07 AM

you were saying "buy silver" three WEEKS ago too, idiot.  And you cost anyone who listened to you a lot of money.

You are here in this echo chamber because it's the only place on the planet anyone will cheer what you have to say.  You're like a lot of the regulars here, looking for group affirmation.  That includes CogDis and a bunch of other people.

So maybe you lie.  I don't know if you're stupid enough to believe that it was a good idea to buy at $49, but you sure said to and maybe that is because you're addicted to the up arrows you get from the people even dumber than you who "want to believe."

You're an interesting psychological study, but not a particularly exceptional one.  People who will sell their credibility for adulation are a dime a dozen.

Dec 15, 2011 12:07 PM

huh?  You don't know what petitio principii even is, do you?

Every fucking day metals DON'T go up, you idiots bleat about manipulation.  You have ASSUMED the conclusion!

Dec 15, 2011 12:08 PM

Anyone who has them would benefit.  There are a wide range of parties who could benefit.

Look, understand petitio principii...don't rush into a QUESTION already having assumed the answer.

Dec 15, 2011 12:09 PM

"should" be?  According to WHOM, YOU?

A bunch of people talking their fucking BOOK?

Why is it that you people cling to truths for which you have NO EMPIRICAL basis for belief?  Maybe there IS an empirical basis out there, but you haven't gone looking for it; you just assume it.

Dec 15, 2011 12:10 AM

the bankers DON'T OWN THE NOTES, DUDE.

the bankers are LEVERED; everything is rehypothecated and pledged 50 times to 50 parties.

Deflation kills banks...people run them and they go BK overnight.

Dec 15, 2011 12:12 AM

ROTFL.

If paper silver were going down, people would buy the paper futures and stand for delivery, you motherfucking idiot, and then cash-settle as a fuckin ATM.

You are so fucking stupid.

Dec 15, 2011 12:16 PM

jfc you are crazy.  Classic ad hominem.  When you can't come up with anything else, start talking about someone's family...LOL.  You're such a cunt, mosely-claven.

The problem is that all of your calamities that are imminent DON'T HAPPEN.  You keep saying BUYBUYBUY because the world COULD end tomorrow...surely, you cannot be stupid enough to fail to see the fallacy inherent?

I'm not even going to justify the rest of your bullshit with a response other than LOL@U

The matrix was never my analogy; it's a ZH meme, you stupid fuck.

Dec 15, 2011 12:17 AM

You fucking MORON, there was a guy upthread talking about a dealer selling AT SPOT, just TODAY.

Shut the FUCK UP and just ADMIT that you were fucking WRONG.

Either you are a LIAR or you are a WHORE.

The people who TOLD YOU IDIOTS that silver was a sell at 49 (i was one of them) got junked off by you silverbagholders.  Now look at you people having lost 40% of your life savings and you wanna BITCH about people coming back and rubbing it in your face when YOU were the punk bitches who made all the beef in the first place?

My post on Ag at 49 was ENTIRELY TA in nature and it still was ROUNDLY disapproved by you idiots.  NOTHING negative and NOTHING against the orthodoxy will be tolerated.  You motherfuckers are your OWN MATRIX with this shit.  Total bluepill total MSM total echo chamber.

You are JUST LIKE the fucking neighbors you decry for not wanting to hear bad news about the economy.

Dec 15, 2011 12:24 PM

You didn't answer the question.  You think you can put up strawmen like this "looting" shit, but that's not going to work.  People notice everytime you do that, moron.  And you just look foolish.

I never said white looting wasn't looting...don't put words in my mouth, cunt.

Culture comes from PEOPLE.  It doesn't fall out of the sky.

Southeast Asia...you mean the place where Katrina didn't happen after a fuckin tsunami that killed 10,000x the number of people?

Coddled but still oppressed?  ROTFL...based on WHAT?  You slipped in a petitio principii again...that's all you seem to be capable of.  You have ASSUMED the conclusion before you state the thesis and you make a nice circular argument.

The injuns didn't have the written word or wheel when whitey arrived.  WHY IN THE HELL would you expect them to just GRASP that which they DID NOT grasp?  Same with africans.  They are collectively operating at the level they're capable of, expressing a culture in the aggregate which reflects their collective attributes.

Injuns in the US and injuns in S. America...wtf is the difference?  In both places, they are near the bottom of the socioeconomic ladder.  This is a simple fact.

Again, you DID NOT answer the question.  In fact, you seem to CONCEDE it and then start going into possible THEORIES as to why it could be true.  Of course, they all ignore natural causes.

Dec 15, 2011 12:26 PM

non sequitur.

And wrong at any rate.

This is what you morons can't escape...that average test results ARE probative, strongly so, of socioeconomic outcome of a society.  There's no way around that.

Dec 15, 2011 12:29 PM

what.tha.fuck.

Dude, is it possible for you to even be COHERENT?

To use the airplane analogy, LIFT manipulates it upward in opposition to gravity.  The analogy isn't even any good.

You cannot ASSUME manipulation, RETARD...do you even fucking GRASP what petitio principii IS?  Yes, that was another rhetorical question...

Dec 15, 2011 12:33 PM

huh?

Is there even ONE of you out there who can think logically?  I liked much of what you wrote until you veered off onto this CRIMEX moonbattery

Dec 15, 2011 12:36 PM

at some point, one of you idiots is going to have to DEFINE what you mean by "racism" and "bigotry."

Dec 15, 2011 2:00 PM

then why do asians outscore whitey, you fucking IDIOT?

Look, moron...people LIKE white societies.  They LIKE the shit white people come up with.  They LIKE and WANT our version of civilization.

So even IF IQ was tailor-made for whitey, it doesn't matter...it's a PERFECT indicator at that point of SUCCESS because when cultures COMPETE, the favorable one WINS!  Blacks don't like black culture either!  They LIKE being OPPRESSED with refrigeration, modern medicine, and electric power.

You dipshits are in such deep water here, you cannot even fathom it.

Blacks aren't any good at any of the rest of that shit either.  They didn't "create" the wheel or "learn" the math, or "common sense" that you can't cure AIDS by raping a virgin.

There's a fucking REASON their culture is a failure and NOBODY wants to live like they do, ok?  Evolution is law, bud...there's no way around that.  I'll stand behind the geneticists and pscyhometricists and the forensic anthropologists, the biologists, and all the rest of the scientific community.

You can stand with the MSM and the SPLC.  I'd like to know what science you speak of...because all of the science goes AGAINST what you say.  JFC, we already went over this crap last week.

Dec 15, 2011 2:04 PM

At what point did I advocate discrimination based on race?

I have no animosity either.

Again, you make assumptions that are just patently false.  By your definition, I am neither a racist nor a bigot.

Dec 15, 2011 2:06 PM

really it's irrelevant.

No sooner do you people claim IQ isn't different between races than you ADMIT that it is but then say IQ doesn't measure anything.

This just proves you to be both liars and idiots.

IQ DOES measure something...something important.  The fact that you cannot "define" intelligence in the abstract is irrelevant.  IQ is a measure and its measure correlates well with certain outcomes.  That is all that matters.

The problem is that you people, like average blacks, have LOW IQs.  That is why you cannot understand these things.  My recommendation is just to STFU.  Stop thinking you're smart, ok?  Cuz ur not.

Dec 15, 2011 2:07 PM

Huh?

You cannot seem to grasp the difference between a generality and a specific, can you?

YOU should be sterilized.

Dec 15, 2011 2:10 PM

lol...yeah, they will be doing the opposite on that "soon to be reserve" CNY.

China just slapped tariffs on our cars because the WTO ruled against them on their predatory trade.

Satellites also showed the Varyag out for sea trials...be a couple years before it's operational, but just in time eh?

Let's slap 50% tariffs on EVERYTHING from China.  Fuck WMT, fuck Mattell...fuck them all.

Dec 15, 2011 3:19 PM

yeah, read: "Most of the looting incidents appear to target necessities in tight supply after the disaster, such as food and gasoline, rather than durable goods" unlike Katrina or LA.  You know, where blacks were taking TVs and merchandise and apparel and shit.

Don't even try to compare the two, you fucking retard.  You just make yourself look even stupider.

And Egypt had heiroglyphs too...so?  That was 5000 years ago.  And, no, Egyptians were not black.

Why don't you buy yourself a one-way ticket to an asylum before you lose anyone else half their life's savings?

Dec 15, 2011 3:22 PM

Here you are talking about the FUTURE when your previous attempts at prognostication have failed so miserably?

I can't tell you about a year from now, Cliff, but I can tell you about TODAY.

And TODAY, that stack of cash buys nearly double the amount of your precious silver.

Game.  Set.  Match.

Now, STFU and go away.  I don't have arguments with people who are broke, having lost half their life's savings in the span of a few months.

Dec 15, 2011 3:25 PM

That wasn't an ANSWER, Cliff.

Now, ANSWER THE QUESTION:  at what point did I ever advocate discrimination based upon race?

(hint: you're in a trap)

Women don't leave me, I throw their ho asses out, like that Ethiopian one.  Bitch just got on my nerves and so she had to gizzo.

Dec 15, 2011 3:28 PM

not everyone, Cliff, just you and people like you.

If you were smart, you wouldn't have lost half your life's savings in the span of a couple of months.

Notice that I never said "ALL"...I said PEOPLE LIKE YOU.

Dec 15, 2011 3:34 PM

shhhh...don't tell the silverbagholders that their metal's demand figures are primarily industrial-driven.

Yeah, last year had a HUGE speculative component to it...a prediction I'll go on a limb and make is that as the price crashes, those speculative weak hands (the type of people who come onto ZH to hear mosely-claven saying BUYBUYBUY like a one-bit Jim Crammer) will reduce buying or will disgorge their purchases at a loss.

People who chase bubbles are NOT sellers into strength nor buyers into weakness.  They do the opposite.

Keep cash and gold...if you want to speculate, buy platinum or trade for convergence in those latter two metals.  Stay the fuck away from silver except as a COMPLETELY speculative (iow paper) investment.

If you are waiting for TEOTW, you CANNOT CARRY SILVER in enough quantity to stay rich.  If TEOTW happens, silver's price crashes because all that industrial demand goes poof.  That means a lower relative price.  Gold is just different and platinum or palladium are far, far rarer.

I have said all along that if things stick together, at some point, silver production will peak and then it will receive the same price tailwind as gold has gotten since its peak in 2001.  Any mattress stuffer must focus on value density first.

Dec 15, 2011 3:43 PM

you went to princeton, huh?  Props.  No wonder.

Anyway, gold is an insurance policy...you don't need many others.

I can understand the math and Ben will print the coupon as he has no choice but to.  This will prevent the collapse of the compound interest function.

However, the wildcard is what does the government do.  Ben may not want to print; if the sovereign demands it and he refuses, he will be replaced at gunpoint.  In fact, this is what has transpired throughout history.  It hasn't been bankers that have shat on currencies, it has been governments.

This is the issue when dealing with snakes and thugs like legislators and government; they are only your friend when it is expedient to be.  A Putin or Chavez or even Hitler can come in and march you off to a Zyklon B date.  It's business.

The mob analogies are apt.  The Congress is the best friend to the bankers until and unless it is necessary to become their enemy.  And the military marches not to the tune of the bankers.  The funny thing about politics is that it is in hard times easy to find demagogues who will promise to exact revenge on all manner of boogeymen.

Dec 15, 2011 3:45 PM

What the fuck does this statement have to do with the last one, which was that I wanted him sterilized because he was an inferior black actor?

IQ doesn't change due to social status in one generation.  You are wrong.  Adopted twins studies have established this conclusively.  Wouldn't expect you to know that (or much of anything else).

Dec 15, 2011 3:46 PM

kidnap my kids?  Huh...they fuckin live with me.

Yet ANOTHER prediction that falls flat on its face from Cliff...

Dec 15, 2011 3:47 PM

it is an echo chamber...and becoming more so as time goes by.

The intelligent besides myself don't comment as much anymore.

You are leading it to becoming a version of Yahoo!

Dec 15, 2011 3:50 PM

I would suggest that you learn the difference between they're, there, and their

and don't crib fucking Wikipedia on this topic...

do some actual research.  Start with certain Nobel Prize winners who said the "unsayable" and go from there.

As far as the above claims on hereditability...absolutely false.  Anyone who says that should be taken out and beaten.

Dec 15, 2011 3:52 PM

I never said you should hold dollars, Cliff.

You ASSUME things when I say "don't do what Cliff says," and your infantile brain is only capable of holding a BINARY outcome model.

Dec 15, 2011 4:20 PM

uh, yeah, I've been there.

What you think the truth is, is actually far from it.  The serbs are a good people.  The problem there was the seige and NATO annihilation campaign.

Dec 15, 2011 4:21 PM

careful there, pardner...awful close to "HATE FACTS" and DATS RAYCISS.

in a collapse, the type of people who created civilization will remain civilized...those who don't may have to get shot.

Dec 15, 2011 4:25 PM

Condition 3?  hello?  A 19 is more of a car gun IMO, anyway.  At home, you aren't going to be laying down as many rounds, so go with .45

Dec 15, 2011 4:27 PM

dude, nobody around here is going to be carrying any ammo because they are all going to be dragging their SILVER BARS all over.

Dec 15, 2011 4:30 PM

modern autos are more reliable than revolvers

Dec 15, 2011 7:16 PM

well, shit that didn't take long.  So the shoeshine boy is gonna say sell gold now?

Dec 15, 2011 7:18 PM

the UK:  where white people have so little balls that they strip down when black people riot.

Where is Napier's "cultural sensitivity" program when you need it?

Dec 15, 2011 7:20 PM

most bentleys=VW Phaeton

Dec 15, 2011 7:28 PM

I let the data tell me the truth, not the other way around

Dec 15, 2011 7:29 PM

truth about what, moonbats?  Free magical unicorn energy?  Which?

Dec 15, 2011 7:34 PM

Don't you get it?  Aren't you listening???  JEFFERSON OWNED SLAVES.  Therefore, nothing he ever did in any other regard has any merit.

He's just a dead white man.  that is what they teach in college these days.  A lot of people believe it.

Dec 15, 2011 7:35 PM

then his entire life is invalid because that is the ultimate sin.

The single most pressing problem that has EVER faced mankind is racism.  Nothing is bigger than that.  It permeates everything.  Only once diversity is maximized will we find a happy future.  Everything is better with diversity.  The more diversity the better.

Dec 15, 2011 7:37 PM

they need to go to the bottom of the ocean

Dec 15, 2011 7:54 PM

you have to wonder wtf the real people at MFG were thinking...they must have known they were doomed.  Wonder whether the treasurer knew the funds were stolen...this HAS to go to Corzine; NFW anyone would make a move like that without cover from him.

Dec 15, 2011 7:59 PM

things happen quick...leverage is like that.

Dec 15, 2011 8:01 PM

I know people who were sent to federal prison for bribery...caught due to wiretaps.

NOBODY in this business ever puts anything in writing.

Dec 15, 2011 9:02 AM

it pretty much slashed right through it, never a good sign

but life could be worse, you could be a silverbug

Dec 16, 2010 1:01 AM

what???  Bankers running a fractional scam?  This flies in the face of their 2000 year history...oh wait, no it doesn't

Dec 16, 2010 1:04 AM

yes, it is absolutely critical to understand what arrested the dollar's collapse post US-peak.  We were able to insource foreign production and continue the ponzi.  Our debt was backstopped by production based upon others' energy reserves.

It wasn't Volcker.  The USSR did not have the option to do this in 1989.  Subsequently, the ruble went to 0

Dec 16, 2010 1:12 AM

totally correct.  US oil production's decline forced BW to collapse and along with it, the dollar.  Only insourcing Saudi production gave us the energy reserves growth needed to support our currency.

It really fundamentally is all about trade flows.  In the BW world, gold flowed, now forex does.  Nations who can produce and have exports commensurate with debt do not see forex collapses.  The US on the other hand is a voracious importer and deficit spender.  We've survived by putting most of the ME into the dollar zone.

If we take a look at the collapse of BW1, and we extrapolate that to BW2, we will see the dollar utterly collapse as the basic solvency of the US is in question.  There isn't another saudi arabia out there to support continued growth like there was in the 70s.  We are facing the same type of decline as visited the USSR.

Dec 16, 2010 1:14 AM

both oil and gold are real things whose dollar prices rose.  The same was true of other commodities.

Dec 16, 2010 1:24 AM

a rise in rates will not crush gold.

The rise in rates last time was the Fed *following* the market, not leading it.  The secular decline in rates was not caused by the Fed, rather a resumption of growth in the dollar sector.

Bonds' prices are basically fixed by SOLVENCY.  If we can resume growth, we can support the ponzi.  If not, it must collapse.  If the bonds cannot be repaid, their prices will fall.  The issue is really much simpler than people make it out to be.  The US is bankrupt as are all states with present levels of debt expected to be paid by future growth which will not come.

They can raise rates to eleventy billion and it won't make the US grow or make present debts payable.

Dec 16, 2010 1:42 AM

i'm not seein much in the way of spot, seems to be closer to regular retail pricing

Dec 16, 2010 12:45 AM

so why the hell was this Florida guy popping caps at the school board instead of bankers?

Dec 16, 2010 12:52 AM

Fed better rev up those printers

Dec 16, 2010 2:01 AM

Large silver deliveries for industrial uses DO NOT take place on futures markets.

They are negotiated amongst real producers and consumers, just like oil is.  At the margins, amounts can be delivered via NYMEX or LME, but the volumes of real production and consumption are FAR too large to use these as some sort of "clearinghouse" for global sales of the respective metals.

If you really need silver, you need to find someone who has access to miners that produce the stuff.  Meaning you will have to deal with a sovereign at some point to grease the skids.  Futures markets are primarily cash-settlement mechanisms; I don't know why people continually bleat about how little or much supply these exchanges have because they simply don't serve the purpose that people think that they do.

COMEX merely is supposed to net out buyers and sellers.  Every short contract has a buyer on the other end; the exchanges are merely that - exchanges, not repositories for dispensation of commodities.

Dec 16, 2010 2:12 AM

and let's review what happened w/ the Hunts.  They were PREVENTED from standing for delivery.

JPM's counterparties will be PREVENTED from taking delivery from JPM.  NYMEX will force cash settlement, as that is the PRIMARY role of a futures market.

You think silver is bad?  Look into the oil futures market.  There is WAY more paper oil than real oil.  You could buy 10kbpd like a snap in futures, but good luck getting that amount of *real* supply, which would require dealing with refiners, producers, and nation states.

WTF do all of you think the freakin "China inks oil deal with xyz" news blurbs are about?  Why doesn't China just go buy the freakin barrels off of COMEX?  Answer:  because that doesn't work.  If you want any significant amount of real commodity, you have to actually go ink deals with producers of it.  Futures markets are and always have been CASH settlement mechanisms.

Dec 16, 2010 2:12 AM

then buy some fucking Drano and a plunger

Dec 16, 2010 2:28 AM

Steve, this is the KD argument.

If what you say occurs, do you know what will happen immediately after that?  The CB will PRINT.  This is the same thing I told KD on his stupid forum.  And if they won't, the government will force them to.

See, dollars, unlike oil or gold, can be freely conjured AT WILL.  The Fed will liquify and there is NO physical limit to the amount of fiat paper they can conjure.

The Fed *could* buy out the entire Z1 debt base tomorrow.  There simply is no theoretical limit to their power to do this.

Cash?  LOL.  really, I have to laugh my ass off that a business with REAL production worth "millions" will be had for a few fucking FRNs.  GTFO of here with that bullshit.  It's absurd.

One of the banks would lend itself the "cash" to buy the thing or the Fed would print up enough FRNs for a favored insider to take the business.  And if one does it, all do it.  And then we get Putin!  And they all go bye bye.

The paper notes of a BANKRUPT STATE will *not* become more worthful as a result of the inevitable bankruptcy!

I don't know why Mish and Douchinger and you cannot understand this concept.

I also do not know why people on ZH bitch about QE when BB is merely doing EXACTLY what I said 3 years ago he had to do in order to prevent the Mish/Douchinger/you precious FRN outcome from transpiring!

An economic collapse as a result of starvation for CASH is utterly ridiculous, because cash is something that can be fabricated at a whim.  As I am aware, the banks do not like providing cash except at interest (lending), but when shit is hitting fans, people with tanks and attack helicopters have a way of making them see the light.

As an aside, if FRNs ever became as scarce as you imagine, they would actually be useLESS as money and would consequently be worthless.  FRNs only have value INSOFAR as they are useful for money.  If/when that ceases to exist, so do they.  In your situation, the business would default, say screw you to the creditors and the bondholders, and start accepting some OTHER form of money, which would spontaneously manifest as emergent phenomenon.

Dec 16, 2010 3:38 PM

the democrat House is effectively powerless.  if the bill isn't passed in the lame duck session, the GOPpers will do it in the next Congress

Dec 16, 2010 3:45 PM

$46 won't cover the lunches of these guys

Dec 16, 2010 3:47 PM

possibly, yes.

but for the conspiracy theorists out there, the TPTB crowd, who thinks the collapse is engineered...we've got people on the precious FRN side who think that profitable real businesses will trade for a few scarce FRNs because no cash will exist.

Well, to that end, the major banks are sitting on a mountain of cash reserves at the Fed...trillions.  If this were to be an engineered deflationary crunch, the banks are the only ones who have access to cash and will end up owning everything.  That will cause a subsequent revolution, obviously.

Dec 16, 2010 3:51 PM

The Fed doesn't take losses

I mean, losses in WHAT?  FRNs?  It's their own obligation.  If they owe someone some, they can just conjure them with a mouse click.

Dec 16, 2010 9:17 AM

Crude inventories worth watching going forward

Dec 16, 2010 9:47 AM

employers took a head start on the 2011 firing season...

Dec 16, 2011 1:22 PM

akock and mosely-claven are like that.

They get adulation and virtual popularity from shamelessly pumping.  So what if they create massive bagholders and wipe out life's savings along the way?  It's not about truth for them, it's about drawing sychophants and getting favorable attention.  In reality, they are no different from people like politicians or those who lead cults.  Any dissenters must be punished.  It's the height of irony that ZH has an orthodoxy and if you cross it, these same "freethinkers" call to have you sent to a virtual gulag.

Someone who CARED would have advised extreme caution at $49, as I did.  In fact, I called out specific technical indicators flashing HUGE warning signs.  I'm not here to win your friendship; I am here to tell you the truth, whether you LIKE that truth or not. 

I have noticed that a LOT of the so-called ZH glitterati are really in this more to have an audience of drooling supplicants...they're would-be cults of personality.

Dec 16, 2011 1:28 PM

an $80M wedding....some money there.

Rothschild bought a barony from them...a few of them

Dec 16, 2011 1:30 PM

Britain ain't got one...TRIOMPHE LE FRANCE

Dec 16, 2011 11:32 PM

what fuckin enemies, you retarded cretin?

Dec 16, 2011 11:36 PM

there's that false dilemma again

Dec 16, 2011 11:46 PM

uh...why do people think the 50s were the way they were...that whites just hate people with tans?

No, they didn't want thefts and crime.

African cabbies who are fresh off the boat figure this out quickly in places like NYC or DC.  They can eliminate nearly ALL of their risk of getting murdered by effectively putting "whites and asians only" on their cabs.

So the answer is you tell them "you're not wanted here, go shop elsewhere."  It sucks that the half of black men who aren't on probation, parole, or in prison have to suffer for the actions of the other half, but perhaps they should point the finger of blame at those who are responsible instead of those who are just trying to make their way through life without trouble.

These silly fantasies we have about equality are tenable only in times of plenty.  Abundance is when you can indulge wasteful things like this.  When scarcity comes, you don't let your brat kid not finish his plate.  Things which you could afford in times of plenty get squelched right quickly.  Tolerating the intransigence and antisociality of colored minorities is one of the things that will most quickly go by the wayside.

Dec 16, 2011 11:50 PM

WTF is wrong with Newt?  At least we can hope he will shut the government down...he's definitely got it in him.

I think we should vote for him and DEMAND that he do it again!

Dec 16, 2011 11:58 PM

slight problem...egyptians weren't black.

Not a goddamned thing about them suggests that they were, including DNA analysis or even just you know by looking at the FACES of artifacts like Tut's.

He was a white guy.  Blacks are a completely failed race left far behind by evolution.  Were it not for compassion of whites, and were this a normal evolutionary contest, blacks would have long since been extinct as other less competitive species have found themselves over the eons.

Dec 16, 2011 5:59 PM

like I give a fuck

Dec 16, 2011 6:13 PM

Obama sucks...novelty president elected for one reason

Dec 16, 2011 6:15 PM

No; it's progress.

By definition, blacks cannot be racist.  Yes, that is implicit in the word as defined by the person who coined it...a homosexual jew marxist.

Dec 16, 2011 6:17 PM

MLK was full of shit.  The content of black character has by and large been violence and mayhem.

They don't want to be judged for that, whitey always beez puttin them in da jayul and sheeit, nomesayin?

If equality was real, he might have had a point.  Either way, we need more monuments toward him, more streets, more everything.  He was the greatest person who ever lived...he invented dreaming.  Along with everything else.

Dec 16, 2011 6:19 PM

you're an idiot who trapped your mind in a false dliemma.

Don't ever vote again

Dec 16, 2011 6:24 PM

All of you are fucking idiots and should not be allowed to vote ever again.

Muhcane WAS the better choice.

why, you ask...Trav, I thought u told the truth, I thought you said that wooden indian motherfuckin Hanoi John was a complete loser?

Well, yes, he is...but had Muhcane been in there, the MSM would have relentlessly hounded the wars as part of their partisan politics, like they did with Busch.  When NeO was killing civilians at 10:1 to "insurgents," they fell completely silent.  They just went along with it.  There was no difference in bailouts or anything else between the two candidates, only in the treatment of their actions by the MSM. 

Muhcane would have wanted to assassinate American Citizens as well but the MSM would have called ANYTHING HE DID out as detestable because he is in the GOP.  And so there's likely odds some of this would have stopped or never have happened or at least been delayed or KNOWN by the average person who has no fucking clue what the fuck is going on.

Dec 16, 2011 6:26 PM

well, yeah, he sucked shit too...and?

Dec 16, 2011 6:36 PM

there's NO OPTION if you want that oil.

Actually, Alberta needs a nuke plant to generate steam for this...but of course the NIMBYs would rather burn NG, which is where the GGEs are coming from

Dec 16, 2011 6:38 PM

yeah i am going to have to side with the scientists on this one, but am concerned also about Mars' warming and why pan evaporation rates have fallen.  CO2 is probably not the cause, but a coincident effect.

Dec 16, 2011 6:40 PM

refresh my memory but water vapor is a byproduct of combustion as well and is a significantly more powerful GGE.

Venus is also way closer to the sun, jackass...Mercury is even hotter

Dec 16, 2011 6:55 PM

do you drive a car?

Dec 16, 2011 6:58 PM

lol...if you think that's what's gonna happen...probably will throw the planet into an ice age if/when the Gulf Stream stops.

I'll be short Iceland Real Estate

Dec 16, 2011 7:00 PM

shale is even worse.

What Canada has here...let me educate you all...is the ability to move into Swing Producer Status which puts them in the big table.  KSA is in decline as is the world at large.  Canada's ability to move sands will be the throttle on the steepness of the decline.

Dec 16, 2011 7:12 PM

"Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty."

Gee, help me out...what do these cities have most in common?

Dec 17, 2010 3:55 PM

But I thought NeObama was going to cut this deficit and all that...I mean it sure seems like issuance has spiked since Busch left office.  Surely, the GOP with their TP mandate are right on track to cut it, yes?  I mean this 850B tax cut extension isn't going to make those red bars bigger?

Or, could it be that all parties are lying?  There's no way to cut this deficit.  Devaluation is it.

Dec 17, 2010 3:57 PM

wait...you mean these people didn't KNOW this already?  I find it amazing that people believe there is some cash pool sitting out there in a bank account somewhere that they've "paid into" their whole lives and so they want their money back or something.

Dec 17, 2010 5:04 PM

you forgot the surgeon to deal with your inevitable bullet wounds.

All the brass/lead madmaxers...how many gunfights do you think you'll get into before catching one?  You may win the battle but die a few days later.  Not a victory.

This is why wild animals rarely fight for real.

Dec 17, 2011 1:39 AM

BZZZZT.  they have liberal governments in Portland and everywhere in the NE.

Thanks for playing!  You win a swift kick in your dumb ass!

Dec 17, 2011 1:47 AM

don't disrupt the mythic narrative.  Next you'll be saying that black slaves weren't really whipped every day like in Roots and that they lived better than Africans.  You might even contend that some blacks owned slaves too and then where will we be?

I saw in Ten Commandments that those people were whipped mercilessly as everyone knows you get the most work out of starving and incessantly whipping a beast.  Injured and malnourished oxen are more motivated to pull heavy shit.

Dec 17, 2011 12:01 PM

we?  Might wanna visit detroit sometime

Dec 18, 2010 12:15 AM

people don't realize what was occurring in the 70s.  It was the total collapse of the USA.  The US's oil production peaked in 70 and then we were forced to unhinge from gold because we simply didn't have the metal to support the Nam debts plus the trade deficits to import oil.

We averted collapse by roping much of the ME into the dollar sphere.  Things are presently not worse than the years following when we completely abandoned currency backing and were facing unsustainable trade outflows.

Dec 18, 2010 12:17 PM

while this seems to be a bubble sign, I'd welcome anything that made gold more convenient to trade, like the banks in europe do or how RSA will accept krugerrands as tender

Dec 18, 2010 12:19 AM

del'd

Dec 18, 2010 12:19 AM

the value is whatever the Fed will pay for it

Dec 18, 2010 12:30 AM

"people" did?  Right.

Oil discoveries were still rising then, as was production.

Dec 18, 2010 12:34 AM

no shit, who could read all that crap?

Dec 18, 2010 12:35 AM

whose army is sitting on the oilfields and whose navy and base structure has the other surrounded?

Dec 18, 2010 2:09 AM

This is ALWAYS the retort to the obvious inequality, relying on the specious assertion that we will be "robbing" people who "earned it."

Look, when your basic premises are wrong, how the hell can you expect to get anything that follows therefrom?

Obviously, the government has assisted in the robbery; the solution is *not* this phony "deregulation" that everyone insists is a panacea

Dec 18, 2010 2:13 AM

did you guys read that chart?

Because right there it shows a leveling of income equality post-1930!

So, we really need the type of government that existed then.

Regulations are essential...but not "more" regulations, the right regulations.  We had some of those.  We need them back

Dec 18, 2010 4:14 PM

The best part was the Ontario Legislature purporting to pass an ordinance in secret which authorized violation of basic rights.  I'm not up to speed on Canada's basic rights, but for a legislature to claim to pass a law permitting the police to ignore them...that is criminal.

Dec 18, 2010 4:22 PM

lol...you know what the cops did?  They were merely following orders.  ALL of them.

The Legislature or the Executive will purport to authorize or order them to do something which violates other laws, Constitutions, or basic human rights and they will do it.  ALL were "just following orders."

The worst part is that they EMBRACE those illegal orders with complete enthusiasm.  In fact, they sit around hoping for such orders so they can be the jackbooted thugs they want to be and then pass the buck off to someone up the chain.

The Ontario Legislature that authorized that shit should be indicted.

There was no justification.  They did it because they can.  Big protests EMBARRASS the self-absorbed, self-appointed "elite" leadership.  They get ribbed by other "leaders" like "oh you don't have your subjects in line, I see, this would never happen in OUR country."  Seriously.  These clowns have gotten so used to hearing themselves referred to as LEADERS instead of REPRESENTATIVES that they now act like they ARE the law.

And who can blame them?  At what point in recent history has there been ONE BIT of repercussions for anything like this?  Busch and his gang passed the whole torture thing off onto the opinion of a LAWYER.  As if because you can find one lawyer to tell you that something is legal, it absolves you from any criminal liability!

What this recent protest movement seems to show is that if you're going to assemble "peaceably," you'd better NOT actually be peaceable.  If you are, you will get stormtrooped.  If you show up to riot and with weapons and explosives, only THEN will you command any kind of deference from the "authorities."  These people are classic bullies; they respect only force.

Dec 18, 2010 4:29 PM

yep...what I just said too.

Peaceable Assembly is a joke.  If you are going to go out there, you better be prepared for a Violent Assembly, otherwise, don't go out.

Look at the fucking cops facing you...do THEY look like THEY are prepared for a PEACEABLE assembly??  Or, are they girded up for violent conflict?  They came looking for violent conflict and they will IMPOSE THAT on you if you happen to be in their way.

Only once citizens start grabbing the other thug cops and ripping them apart, start firing back, start clubbing back, start giving the thugs the only thing they will respect and show deference to, aka violence, will the "authorities" take anyone seriously.

Peaceable assembly is like being a reporter in a free-fire zone with an Apache camera on you.  They are looking for ANY plausible deniability excuse to go weapons free and put 20mm bursts onto you.  ANY excuse.  As long as they can claim with a straight face they thought you were armed or posed a threat, any passable story, they are licking their chops to light you up.  So don't go out.

Assembling peaceably requires the "authorities" to cooperate.  These hippies are woefully naive.

Dec 18, 2010 5:16 PM

King didn't overcome shit.  Ghandi didn't either.

Sure, if you're claiming independence from a depleted empire with no desire to keep you, the passive shit might work.

If you have an army of jew money behind your rights movement (of which you are a figurehead), passive shit might work too.

We have neither.

You may also contrast with the success of violent revolutions like the US's against empires that actually didn't want to just give in.

What is your problem that you have issues with violence?  Serf's mentality?  You would sit and watch the stormtroopers carry everyone off violently and just keep "overcoming"?  Peaceable assembly is a failure.

Dec 18, 2010 5:20 PM

what happened to the Ghandi shit?  He didn't hang anyone.  He just sat there and "overcame."

Ghandi is the most overrated person in history.  There were about a dozen "independence" movements that took place in those years without shots being fired.  Hell, Brazil had gone independent from Portugal a hundred years earlier with no issues.  When the empire is depleted, independence is easy.

Sure, if the government collapses, you'll be allowed to peaceably assemble wherever you want.  In the meantime if you expect to be able to avail yourself of your "right" to peaceably assemble, you should expect to be disappointed.

Dec 18, 2010 8:55 PM

Gold has no real value.

Silver has no real value.

Oil has no real value.

Why?  Because ALL of them only have value because people want them.  In fact, all this bullshit about how rhodium or platinum or iron have industrial purposes...wtf is that worth?  They only have a purpose because people want the things made out of them.

If everyone, en masse, decided tomorrow that they didn't want plastics or petrochemicals or gasoline, oil would be valueless.  If they decided they didn't want paved roads or structures, concrete would be valueless.  If everyone decided to commit fucking suicide, EVERYTHING except CYANIDE would be valueless.

In other words, what I'm getting at is who gives a fucking shit if some moron thinks that the lack of a major "industrial purpose" is the sine qua non of value?  Because industrial purposes themselves ONLY HAVE VALUE because people want the results of them.

Gold has been valued by people for whatever reason, probably because it is rare, dense, shiny, and yellow.  I've noticed that women seem to like shiny things so much that there is this entire industry built around relatively useless allotropes of carbon.  I plan to stick a chunk of pencil lead in a setting and claim it's the same shit the next time I get engaged.  I'll let you know how it goes.  I'm sure my rational explanation that it's all just carbon will thoroughly win the day.

Dec 18, 2010 9:08 PM

you seem to misunderstand legal tender laws.  They merely mandate that people ACCEPT cash, not that they cannot make in-kind contracts.  Although there were some prohibitions against gold contracts from the 30s.

At any rate, I have no clue why anyone would think you were going to trade with gold; that's absurd.

but, let's consult your examples:

Argentina.  USD or Euro, right?  So, that's all well and fucking good for Argentines who WERE ABLE to have USDs...what about those who didn't?  What about Americans or Europeans?  WTF do you suggest holding for a dollar collapse?  Pixie dust?  The Euro?  Pesos?  What?

Argentines TURNED to USD or Euros.  AFTER their peso holdings were completely wiped the fuck out.  So, fine, a person with gold will TURN to the CAD or AUD or CHF *after* their USD holdings get wiped out.  There was no ARS premium in gold...why WOULD there be??  Gold trades in each currency at whatever the forex is!  You could swap a piece of your necklace for ARS or USD or whatever paper you want.  WTF is the problem here?

If you believe that black people don't "value" gold and that only WHITE men's desire values it in Africa, then you are the stupidest idiot in history.  I mean, this notion is so fucking absurd that I marvel that you even suggested it.

As far as your nonsense about the CHF being worth "more" than gold, no it won't.  Let's suppose the CHF/USD was 1.0 and gold was $1400 and 1400 CHF.  Then the next day the USD collapses to 1/1000th of its previous value.  The CHF/USD will be 1000 and gold will still be 1400CHF!  However, POG in USD will be $1.4M

And when the USG issues new scrip, as has occurred a dozen times in Latin America just in the last 20 years or so, all the people holding the old scrip will be wiped out and transactions will proceed in the new one.  So fucking what?

I'm really not sure what the hell your point is...and as I have said a million effing times, stockpile for a paper collapse in WHATEVER floats your boat, oil, wheat, cotton, even pussies, any real asset that holds value.  It doesn't matter.

Those who think a paper collapse makes them "rich" are not totally correct.  They will certainly be better off than those who have only paper, but they won't suddenly fetch more cars or oil barrels on account of adding zeroes to the cost of everything.

Dec 18, 2010 9:11 PM

you flat-out are incapable of understanding peak supply conditions, aren't you?

gold's "bull run" was caused by production declines following a 2001 peak.  If you like its technical picture, take a look at helium, which peaked in 02.

Stick to your short term trades and STFU about the rest of stuff.

Dec 18, 2010 9:19 PM

who founded, funds, and ran all of the major "civil rights" organizations?  Which studios produced the "progressive" films?

Pull your head out of your ass.

King was nothing and neither were his followers.  Those who moved laws, opinion, and policy behind the scenes were the ones with the power.  Money talks.

Dec 18, 2010 9:25 PM

Canadians are pussies.

They argue FOR gun control and this stupid shit.  They all stood there like WTF, I thought we were in Canada

Well, good morning bitchez, this is Canada now while you were all wearing your heads in your asses.

You come out to be peaceable faced by people dressed for war, why are you surprised when they fuck you up?

Dec 18, 2010 9:28 PM

naw...they'll blame whoever their Messiah tells them to.

People don't understand Hitler...it was a guy who made plausible scapegoats out of groups and the majority just wanted to be told what to do.  Just make it stop.

I mean look at the current discourse of blame.  Whose fault is it, still Busch's or is it all NeObama?

The herd is and always will be the herd.  Expecting them to wake up and understand is like expecting your dog to respond to your query of why he shat on the rug.  They lack the capacity to do it, ok? 

Do what the elites do, mercilessly shear them.  Because the worthless shits deserve it.

Dec 18, 2011 1:13 PM

"loosing"??  WTF

you shouldn't be permitted to vote

Dec 18, 2011 1:40 PM

DEAD WHITE MEN who OWNED SLAVES.

We do not want any ideas or contributions from those types of people anymore, got it?

Dec 19, 2010 1:09 AM

Liberty dollars?  They are not legal tender.  If you want to contract for a cord of wood for some amount of liberty dollars, that is your prerogative, but they cannot be substituted as legal tender.  Everyone MUST accept FRNs.  I do not care why anyone online accepts eGold.  You're missing the point of what gold is and does.  It's not a currency.  It isn't "money," no matter what people say.

Are you aware that gold STILL has value in Argentina?  I mean, seriously?

As for whether people "turn" to the CHF, wtf difference does that make?  Seriously, I don't get what your point is...is your point that people will still use paper notes that still have moneyness BEFORE they start trading with gold?  Well, DUH.  Those who have wealth in dollars will be wiped out then start looking to acquire CHF.  Those who have wealth in gold or productive assets or oil or pussies or opium will start taking CHFs for their assets. 

As far as "who does best"...I gotta ask, nigga is you crazy?  The USD could collapse TOMORROW and the POG in CHF would remain the same.  Gold will be priced in CHF and exchangeable for CHF at the CHF price, just as it is today.  So will oil; so will silver, so will cocaine.  I mean, what is the difference?  If hyperinflation hits the world, real things will trade against other real things at whatever rate the market dictates.  Clear and flawless diamonds are as utterly USELESS as anything, yet I would not expect women to stop wanting them no matter what happens with paper.  I mean, goddamn, I've been to two nations working on their 3rd recent currency just in the last couple years.  People there still like gold, diamonds, iPods, and Nikes.

There are a fucking ASSLOAD of non-necessary commodities...wth does necessity have to do with ANYTHING?

Dec 19, 2010 1:11 AM

what's the problem here, dude?  When the cruzeiro real melted down, did it affect the CHF gold price?  The USD price?  NO.

So, will gold holders come out ahead of those holding CHF?  No.  They'll come out the same.  Rice, canned food, no difference.  They're ALL commodities, so are paper money just commodities.  Subject to supply and demand.

As I am wont to say, stockpile whatever floats your boat.  If you have a large tank farm, stockpile crude or gasoline.  Whatever

Dec 19, 2010 1:25 AM

so I'll have a bunch of toilet paper too?

Idiot, according to your cohort, there are zimbabweans who care nothing about gold mining it in order to trade it for shit.

The fat plumber and all the rest would find out when they have to go pawn their silverware or that wife's ring.  People in argentina were breaking off gold necklace links and taking them to the god's work baldies in Buenos.

Even TODAY, yes, you can actually take fucking gold to a pawn shop and get cash for it!  Holy fuck!  In a hyperinflationary world, these businesses will STILL EXIST.

Dec 19, 2010 1:28 AM

based on WHAT, your longitudinal study of the paper price of gold vs canned food in hyperinflating States?

Gold, canned food, heroin, all the same...

Dec 19, 2010 1:49 AM

wrong.  People used DMs.

Those with gold traded it for DMs or left the region.

Nobody of significance was caught in Serbia during the war; they all GTFOd.  Commoners used ammo, cigarettes, TP; there's a whole blog on what was valuable in the meltdown.

Clothespins are good, toilet paper, perfume and makeup.  Some of you drag queens on here just may be the new oligarchs.

Dec 19, 2010 1:57 AM

hell no bitch, I'll be too busy lootin

Dec 19, 2010 10:05 PM

THEY ARE EVERYWHERE!!!!

Dec 19, 2010 10:13 PM

buy the fucking dip...slave labor is the new skilled workforce

Dec 19, 2010 2:23 AM

every hyperinflation is not like Weimar, which took YEARS to unfold.

It wasn't as if bread just vanished one day

As far as the iPads, I'll already have looted those bitchez.  That is my ace in the hole for hyperinflation, that and Spam, moonshine, and opium.

Dec 19, 2010 2:31 AM

STFU H8R

Dec 19, 2010 2:35 AM

You've convinced me man...I will become a CHF smuggler during the madmax.

Beats roaming the highways in a turbine-powered car searching for more gas in order to roam the highways more

Dec 19, 2010 3:01 PM

throw in a woman and you have a war.

Either that or whoever has the woman ends up spent into the poorhouse and has to eventually trade her to the other side, where the cycle repeats

Dec 19, 2010 3:13 PM

get back on the meds, seriously

Dec 19, 2010 4:09 PM

gold is inferior money to paper or eMoney or tally sticks.

I see ALL things as commodities, money, gold, platinum, oil, heroin, etc.  They're just supply/demand instruments.

Dec 19, 2010 5:05 PM

discussing statistical probability when the bond curve is no longer dominated by random movement is a bit absurd, no?

The Fed decides arbitrarily which chunk of the curve to buy and without relation to the probability distribution of curve history.

Dec 19, 2010 9:11 PM

why the hell has Korea not been reunified yet??

I mean GFD, get it over with.

Dec 19, 2011 1:54 PM

I can get you $40 over spot for 1oz...cut the bullshit

Dec 19, 2011 1:56 PM

huh?  No they aren't, you moron.

The wholesale price of sovereign mint coins is NECESSARILY higher than spot and what you have cited was Apmex's BID/ASK spread.

Cut the bullshit

Dec 19, 2011 2:00 PM

gold isn't any realer than platinum or the appliances that flew off shelves in venezuela.

Dec 19, 2011 2:02 PM

they've got to find somewhere that is still growing credit so they can grow.  The domestic economy isn't cutting it

Dec 19, 2011 2:16 PM

hey, the fuckin ahabs ousted several of their dictators; grow a pair

Dec 19, 2011 2:20 PM

you an ADLbot?

Dec 19, 2011 2:55 PM

bell tolls for all of us, bitchez

Dec 19, 2011 2:56 PM

huh?  Do you know wtf a Sterling Bill was?!??!  This is the ORIGINAL paper gold.

Dec 19, 2011 3:02 PM

sorry, but this is the dumbest ass bit of "logic" I think I've ever heard.

Platinum is not unique?  It's a fucking ELEMENT just like gold, dipshit.  It's an element far rarer and historically considered far more valuable than gold.

Dec 19, 2011 3:32 PM

Coal for Xmas, bitchez

Dec 19, 2011 7:19 PM

yeah the better coal MLPs have risen during this market

Dec 19, 2011 7:22 PM

print that shit, bitchez

Dec 19, 2011 7:26 PM

the US also has, even in the absence of today's military projection, the ability in all but the extremest of cases to project TOTAL hemispheric dominance, as long as Brazil is kept care of.  This means we can avail ourselves of admittedly dwindling Messican oil production, Canada's sands, venezuela's tar, etc.  And there ain't shit anyone foreign can do about it just on the basis of geography alone.

Dec 19, 2011 7:44 PM

pretty soon, if not already, posting to ZH will be considered low-level terrorism

Dec 2, 2010 1:40 AM

be clear here:  Judaism is an ethnicity that just happened to have its own god and tribe religion.

What is clear is among western whites, there is absolutely NO concept of ethnicity or clan.  We are more nationalists, which in europe, rose out of clan identifications and aristocracies that ruled them.  But who in America has any sense of Irishness beyond some happy times on St. Patrick's day?  We're taught from day one that those types of things are bad.

The UFC HW champ can have "brown pride" tattooed across his chest but any clan identification by whites is verboten.

Dec 2, 2010 1:41 AM

What is this GS "we" lost 12.5%?  THEY didn't lose shit, their clients stupid enough to take their trades did while Goldman Squids surely bet against them

Dec 2, 2010 1:49 AM

and the fact that much of the national GDP is operating on negative or marginal profitability is of no matter when the RMB appreciates?

their margins cannot be compressed any further; they have entire cities that are empty, factories that are idle.  They are a mercantilist ponzi.

There isn't the demand domestically absent a massive *increase* in debt in the nation.  There's already a massive overhang of that for capacity.

Dec 2, 2010 1:50 AM

see what?  the vast polluted rivers and lakes?  Or did you mean down the street through the smog?

When you go there, you see the potemkin villages of Shanghai and Beijing.  Good luck getting to see reality behind the facade.

Dec 2, 2010 12:39 AM

this is hilarious.  I wish I could borrow enough at 0% to take like KMP private lol

Dec 2, 2010 12:52 AM

they got no choice

Dec 2, 2010 2:03 AM

Are you on crack?

Nowhere but New Orleans, in any recent disaster, turned into "Katrina."  I submit that the outcome has more to do with the people involved than the disaster.

Contrast the massive floods in the Mississippi Valley and the wildfires in San Diego.  If you are around the type of people who live in the Easy, then you should expect all the trappings of disorder around that type of people, looting, mayhem, roadside corpses, etc.  If you are in the Kobe quake where an order of magnitude more died, then you should expect an outome typified by the type of people there.

Dec 2, 2010 5:03 PM

QE3 going to be priced in soon...the results of 2.0 are not pleasing the Fed

Dec 2, 2010 5:11 PM

an office for "women and minorities"  WTF does that have to do with securities?!?! 

Diversity is the downfall...what a fucking utterly SILLY thing to be worried about at a time like this, fucking women and minorities lol

Dec 2, 2010 9:18 AM

it's infinity euros

Dec 2, 2011 1:24 PM

Media?  check.  Finance?  check.  Government?  check.  Who run bartertown?

Same people farrakhan says ran most of the slave trade from Louisiana south (he cites a rabbi scholar).  They control the message.  They can use media and move the masses with propaganda, and the father of this art was one of their cousins too.

Most people will find this to be a mental 3rd rail.

Dec 2, 2011 1:30 PM

Hell, ask marines who fought in fallujah.  The only military gungho for the war didn't do a combat tour.  My brother is one of them.  He did some time in Iraq last year and thinks he's been to war.  I laugh.  I know guys whose heads were grazed by bullets, who did hot entries, occasionally into RPK nests.  They think the war was a waste and stupid.

There was a recent headline of a poll of soldiers, returning vets, and it's almost reaching a majority.  1/3 now believe it was a waste and a majority think our focus is wrong.  These are the real guys fighting this gungho Risk game

Dec 2, 2011 1:40 AM

I find willful ignorance of reality to be tantamount to suicide.

There are a lot of people who would rather commit suicide than accept reality.  This is a fact.  I cannot yet figure out why except that they fear being ostracized more than they fear dying.  This would appear to be a result of some deep-seated evolutionary behavior...

The evidence in favor of Watson's thesis is so voluminous as to present force majeur against its opposition.  Yet it is "outside the realm of appropriate scientific discourse."  You know what's more...I GUARANDAMNFKINTEE that EVERY SINGLE scientist who spoke out against him KNOWS, ADMITS, CONFESSES IN PRIVATE that EVERYTHING Watson said is true!  It is inconceivable that they could be stupid enough in their positions as to be unable to dicipher the truth.  Yet they profess the opposite and threw a colleague who spoke the truth under the bus.  They assassinated him.

If this BRA shit proceeds to its logical conclusion, the society our forefathers built will be utterly destroyed as nearly all the cities targeted in the Great Migration have been.  We will end up like Detroit or Zimbabwe.

Yet the hive seems hellbent on going there.  I know that the message is shaped by a select few people of a particular interrelation, and must conclude that their likemindedness creates an improper inference of conspiracy.

Dec 2, 2011 1:47 AM

I would wager false dilemmas are #2.  I see them more than anything because I just ignore personal insults

Dec 2, 2011 1:50 AM

lol...prepare to be ostracized.

I don't know why i have this habit of saying what everyone is thinking, but I do it.  And then I watch as people who've confided to me in secret that they agree 100% (or even more) deny deny deny it and side with the hive.  I find it absolutely bizarre; people really confound me.  And how they go along with charisma when they all admit the leader is an idiot.

As for genetics, epigenetics, and evolutionary biology...phew.  I dunno if it's necessary that I go there because nobody seems to want to hear any bit of where I do go on genetics.  None of our traits are evenly distributed.

I await the explanation of how blacks have the top 100 100m times in history.  Must be whitey's fault somehow.  Happiness, compassion, ethics, or our sense of what's deeply RIGHT in a sense, are not shared.

People can't figure out what Driving While Black is...it's not.  It's Driving LIKE Black.  They also can't understand why blacks feel persecuted by the law.  It's because their typical sense of the proper constraints of civilization are DIFFERENT *shudder* than whites, which seem loud, obnoxious, and even barbarian to east asians.  What white people think as permissible under the law seems oppressive to most blacks, who lack the impulse control capacity that whites have or that asians have.

As the genome gets decomposed further, these traits will begin to be identified with concrete sequences.  So much of how we act is genetic that it isn't funny.  It's the reason you're like your dad even if he didn't raise you.  People given up for adoption still walk and talk like their biological parents.

On the topic of emergent complexity it is the height of irony how ZH has its own orthodoxy and if you cross it, very very few are even brave enough on the internet to take the risk to defend the truth or anyone speaking it.  There are individual would-be cults of personality and they don't like being challenged.  Me, I am like the speed of light, the same in every reference frame, as combative and irreverent here as anywhere else LOL.

Either way, though, yeah, I keep trying to educate people.  I keep trying even better metaphors and analogies to try to get them to grasp.  Perhaps this is borne of arrogance?  Maybe I think I'm so good I can make the blind see, who the fk knows hahaha

Dec 2, 2011 1:55 AM

i know a little bit about the government and let me just assuage some of your fears:  the USG is so packed with human shit, that I'm not sure they're much of a threat to do anything but clumsily bomb people.

the gov goes out of its way to hire the weirdest motherfuckers around, diversity, retards, some seriously corked up people, like the type who couldn't get a job anywhere else, then it promotes them.  Sooner or later, collapse of everything is inevitable.

It'll happen before things get too bad, IMO.  It's already creaking under its own weight.  Just take away the power of the purse and shit is OVER.

Dec 2, 2011 10:15 AM

and he didn't put "bitchez" in the post...some people sheeh

Dec 2, 2011 10:17 AM

the gov't math makes it such that if you are unemployed long enough, you're no longer unemployed.

Feel free to puke when Obama goes on the campain trail and announces how he has "cut unemployment" and parrots this headline rate.

Dec 2, 2011 10:22 AM

"unprecedented"???  What the fuck is that stupid monkey talking about?

There's nothing whatsoever unprecedented or exceptional about ANY of it.

Dec 2, 2011 11:50 AM

YES WE CAN

YES WE CAN

can't we?  Bitchez?

Dec 2, 2011 11:50 PM

the more 3rd worlders we import, the more 3rd worldlike we become.  It's really as simple as that.

We have 25% of our population as 3rd world stock, we train our army docs in cities containing concentrations of these people in order that they can acquire training on gunshot and similar trauma wounds.

In integrated cities, they commit 90+% of the violent crime.   And we have a desert nomad war tribe controlling the media and finance.  Sounds like a recipe for success to me!

Dec 2, 2011 11:52 AM

yeah those USMC ads during the UFCs are the best.  As if charging into a life or death war is in ANY way the same as getting into a cage for a professional fight.

The guys I know who were in the USMC in Iraq are now the LEAST gungho of anyone and all think the war was bullshit.  Too many doors kicked in and families beaten to stomach the lies anymore.

Dec 2, 2011 11:54 AM

public transportation in white cities works.  In BRA cities like Atlanta, it's crime-ridden.

Pittsburgh?  LOL...voted most livable city in the US.  Try again.

Dec 2, 2011 11:54 PM

huh? We were the richest nation on the planet before any of this shit

Dec 2, 2011 11:56 PM

Iceland isn't burdened with diversity.

Dec 2, 2011 11:57 AM

it could have actually been an accident.  Missiles do blow up now and then.

Dec 2, 2011 11:59 AM

Con.cur.

Dec 2, 2011 12:00 PM

what, do we need another dozen holocaust museums to celebrate their innocent victimhood?

Dec 2, 2011 12:05 PM

after we liberate them by kinetic humanitarian means, they will purge all these pesky christians and jews, just like Iraq did.

It's funny how that guy who did 911 from Iraq was so repressive that he had astounding numbers of non-muslims in his country and more female Ph.Ds than the US.

Dec 2, 2011 12:10 AM

uh, NO.

In China they execute people who cause TROUBLE for higher ups.

They do not CARE if you engage in fraud; the entire fucking NATION from top to bottom is all about fraud.  They do not care if you get "caught" either.  They ONLY care if you cause them to lose face.  THEN you get executed.  Or if you have something they want.

Dec 2, 2011 12:12 AM

Zimbabwe...lol.

Rhodesia was a successful country, but we just...can't...talk...about...that, can we? 

RSA was similarly successful...seems that Africa isn't so inhospitable after all. Seems like it is mineral rich if you know what a fuckin mineral is useful for.  Kinda hard to do that if your average IQ is 70, you lack the written word, mechanical devices, and the frickin wheel.

Dec 2, 2011 12:22 AM

u give those negroes way too much credit for competence.

Dec 2, 2011 12:24 AM

wasn't a problem when white people were in charge.

Oops, did I just utter a hate fact again? 

Dec 2, 2011 12:27 AM

who built that infrastructure?

And what did the new owners promptly do with it?

Wait, is this another hate fact?

We're all equal, because...well, because the MSM and public schools all say we are.

Dec 2, 2011 12:31 AM

bbbut...bbbut...they SHOOT people in China!!!!!!1

Dec 2, 2011 2:02 PM

u better have something with some rounds and calibre...like an RPK nestled in some sandbags

Dec 2, 2011 2:14 PM

hmmm, could be a couple places.

trav7777.stoppimpingyourfuckingblogonZH.com/gfy

Dec 2, 2011 5:52 PM

nah he's right...you're fucking crazy.

You do business all over the world, and you are welcoming a COLLAPSE?  Are you stupid?

Dec 2, 2011 5:54 PM

HAHAHAHA...the rural areas in other collapsed states were the ones without power and any semblance of services.

Dec 20, 2010 1:03 PM

A lot of EEuro debt is CHF-denominated.  That is the reason for the strength along with coordinated devaluation of the Euro.

The problem with lending as a mechanism to cause devaluation and inflation is that when/if cascading defaults occur, everything runs hard in the opposite direction.

Dec 20, 2010 1:08 AM

if you are a hack at the SEC, your wet dream is to go to work for a major bank.  Here's a chance for quid pro quo...

Dec 20, 2010 1:34 PM

video is fake

Dec 20, 2010 1:36 PM

The "E" part doesn't speak to its consumption which is higher than cars made in the early 90s

Dec 20, 2010 1:38 PM

it isn't just Americans.

The ROW is populated with the same type of people.  Basically, you are describing the vast majority of the human race.

The future is the undiscovered country, an abstract concept.  Most people do not do well with abstract thinking.  But they still get to vote.

The failure in society at the peak of the curve is that the voice of a moron counts as much as the voice of a genius.

Dec 20, 2010 1:43 PM

Abandoning diversity is the first necesssary part.

Second, IQ-index vote weight along with a wealth component. Basically, give the voting reigns over to the smart and the productive rich.

this would create a situation of VAST "disenfranchisement" for diversity and the "poor."  But as much as we complain about the low quality of our politicians, they are driven by the reality that pandering to idiots and diversities is the way to get elected.

Dec 20, 2010 1:46 PM

yes, MIT solved everything...in total secret.

Hydrogen from sunlight via photosynthesis...wow, just wow.

Dec 20, 2010 1:47 AM

you paid the 3% tx fee??

Dec 20, 2010 1:51 PM

Export Land Model is critical to understand for anyone studying the oil peak.

Nobody says mankind needs to collapse, but the technomiracle of free cold fusion power or any of the other cornucopian solutions may not come on the schedule you like.  Do not be surprised or upset if reality does not do you the favor of conforming itself to your wishes.

Even if historically, we transition from oil to unicorns over the next century, the transition period will be but a blip to future historians.  However, it will be all of our ENTIRE LIVES. 

Those who talk about "Rome's collapse," as well as those who talk about the magic substitution of coal to oil or other transition points would be wise to remember that history took a lot longer to play out than the time it took to read the sentences describing it.

Dec 20, 2010 1:53 AM

get real bitch, you ain't addin shit

Dec 20, 2010 1:54 PM

The Truth is classified

Dec 20, 2010 1:56 PM

as I said, this car gets lower MPG than the equivalent model from the early 90s.  Nothing you write can change that fact.  The levels of emissions from the tailpipe does not change the increase in consumption of the car.

Additionally, your gasoline 1.8 will not burn biodiesel.

Dec 20, 2010 2:00 PM

WTF is it with you people and your false dilemma fallacies?

It's either pretend that we can grow forever and continue to consume like crazy OR grunt in caves.  There are simply no other options in your binary world, eh?

BTW, if nature has in store for us to grunt in caves, if it chooses the least attractive outcome, whether we LOVE IT or not is fucking immaterial.  Reality does not do us the favor of conforming itself to our wishes, no matter how strenuously we make them.

Dec 20, 2010 2:05 AM

because aircraft carriers really AREN'T useless.

I know this is very difficult for people to understand, but just because these are large ships does not make them easy to hit.

SURELY, you do not believe that the Navy hasn't thought of this before you just did, right?  Getting a radar lock on one of these things during wartime ECM is next to impossible.

Dec 20, 2010 3:52 PM

we already have a couple dozen which will do

Dec 20, 2010 3:57 PM

LOL...relying on intelligence is FOLLY?

What kind of crazy mindfucked BS is this??  See, the problem is that you've been TOLD for your whole life that relying on smart people to be smart is FOLLY!  That is the claim of morons, and a perfect example of the Downing Effect.

As for deciding what intelligence is, we have a couple dozen standardized tests, both of IQ and scholastic aptitude, that would do just fine.  The smart will decide how to measure intelligence, as the smart are CAPABLE of doing it.

Note at NO POINT did I say any goddamned thing about LOOKS having any implication with DECISIONMAKING.  WTF did you go and introduce looks into the discussion for?  Cognitive dissonance?

If I get into a car accident and my intelligence is halved, I no longer vote.  If my children happen to be below the bar, they don't vote either.  TRUE meritocracy where the intelligent can do what they are good at doing, reasoning, and excercising intelligence.

As for termination of the dumb, nature is going to terminate US ALL if we don't start making logical and rational decisions.  This may be a bitter pill to swallow for the cretin class, but without the daily activities of a lot of really sharp guys, you would DIE.  Our behavior as a species is like bacteria in the aggregate, consume and replicate.  The intelligent can see that but the nonsmart lack the capacity to do so.

As far as whether the intelligent would terminate the stupid, the intelligent tend to be liberal socialists as a group, so I really doubt that would come to pass.

Dec 20, 2010 3:59 PM

yes, because at some point people got consumed with acquiring voting blocs of the stupid in order to self-aggrandize.

we enfranchised voter after voter, and now look what we have...bloc votes who cannot even articulate what the fuck the candidate stands for for whom they are voting!

I'll take a reset to what we had 200 years ago then deal with this problem again in another 200 years.

Dec 20, 2010 4:05 PM

I never really acquired a taste for mincing words and am prone to saying what everyone else is thinking but is too chickenshit to vocalize.

I'd go further and make an IQ bar on reproduction.  Yes, if my kids fell below the bar, the law applies.  If we were concerned with looks, we put up a survey or start doing golden ratio facial analysis.  The problem is not insoluble, it's just that the outcome doesn't sit well with most people.

Dec 20, 2010 4:15 PM

nonsense.

If the magic technology existed, Exxon could buy it and go from a company that is DYING (yes, DYING; they know about Peak and they are facing sustained and unabated reserves decreases into the future) to a company that could rule the world through unicorn power.

Also, it is IMPOSSIBLE to supress a meme.  Even a true GOD like Isaac Newton could not stop the Calculus from being outed as others were on the same track.  Relativity, Evolution, Quantum Theory - ALL had groups of great minds simultaneously working on the problem, even GR was essentially anticipated by Lorentz's work; for reasons unknown, he left it to others to carry the ball the last yards to the endzone.  Leibniz can lay claim to some of the first publications of integral calculus; it only became known after Newton released his work that he was actually lightyears ahead.

The Wrights took Paris by storm, but they were half a decade - no more - ahead of contemporaries.  It wasn't as if they alone showed up with powered flight in a world that didn't have the wheel.

There is NO WAY to suppress unicorn power.  The truth outs by its nature.  In fact, the oil majors are DESPERATE to find some raison de etre as their remaining reserves dwindle.  If this is biodiesel or solar, whatever, they want to be in on it.

Dec 20, 2010 4:19 PM

agree...now let's scale it up so every acre of arable land is growing food that we can burn!

Great idea...or wait, no.  Even mighty Brasil is having growing pains with the cane crops because as their demand for fuel grows, proportionately, SO MUST the amount of land and effort devoted to growing cane!  So, they will have the choice between using the rainforest or having a production gap.

Oil is not only energy-dense, but conveniently located in places we don't have any other use for.

Dec 20, 2010 4:23 PM

CHS is largely correct.

I have phrased this idiocy for years as "they love electricity but they hate power plants."

It's so cognitively dissonant as to be maddening.  But, when you have had an apparently consequenceless free lunch for so long, many assume that the laws of physics have been suspended.

There was some paki scum on some TV show I saw who was speaking into a mic recorded by a camera, to be broadcast, via a television, internet, and phone infrastructure, and he said "what good does the United States do at all?"  It didn't occur to him that his ability to even ARTICULATE his stupid and worthless opinion was facilitated 100% by things invented in the USA or the collaterally satanic western europe.

Stupidity is legion and self-replicating.

Dec 20, 2010 4:29 PM

people should review RBMK reactors as well as breeders, to acquaint themselves with the peak uranium problem.  We need to be prepared to swallow less than optimal solutions going forward.

RBMKs were designed specifically to burn very LEU, with non-fissile isotopes concentrations far above what these CANDUs and other lightwater reactors will consume.  However, as we saw there's a distinct downside to accidents...the upside is that far more uranium is "fissile" than with other technologies.  Breeders create lots of waste and reprocessing is highly toxic.

Dec 20, 2010 5:54 PM

nothing will happen.

Anymore than not having a budget this year or Belgium not even having a government.

As long as the people shrug and take it, nothing matters

Dec 20, 2010 6:03 PM

their firearms weren't illegal.  They set them up like they did Weaver.  As far as firing at police officers, it is not illegal to resist an unlawful arrest.

That said the dude was nutty and so were his followers, but they could have grabbed Koresh off the street any given day.

There was no outcry because the government controlled the message flow along with media lapdogs.

Randy Weaver is also supposed to have opened fire on "police officers," (though they had fired first according to witnesses); where was the outrage over the assassination of his wife by an FBI sniper, the murder of his son, and the entire rest of that sordid case?  There was none despite his acquittal on ALL substantive charges.

Dec 20, 2010 6:42 PM

none of the wifis around me are open :(

Dec 20, 2010 6:58 PM

central planning can work in certain circumstances but not when the planners are room temperature IQs.

Also, in most circumstances, self-expressing, emergent complexity is FAR SUPERIOR to planning as a matter of evolutionary law

Dec 20, 2011 11:32 PM

everyday jewish folks have net worths and per capita income that would make people go WTF.

That's what happened in Germany...even kids notice this shit, "why are jews always rich?"

Everyday jews are as pro-israel as anyone and are like these imaginary "moderate muslims" who are always lecturing white people on how bigoted they are but have NOTHING AT ALL to say about "real islam" in places like Saudi Arabia where such a message is needed.  They also aren't calling for heads or reformation when some muslims shoot or blow shit up.

Dec 20, 2011 11:33 AM

uh...a central bank in a fiat world cannot be "leveraged."  They just print shit.  There is no asset backing anything.

Dec 20, 2011 11:35 PM

trillions into our schools and kids don't do measurably better...LOL.

the rest of it is mostly a waste of time.  Codifying something that nature didn't grant us...LOL.  Let's just codify no rain on weekends and pat ourselves on the back even harder.

Dec 20, 2011 11:37 PM

let's not crow about day to day movements to the upside anymore than Joubini crows about them to the downside

Dec 20, 2011 11:39 PM

gold is what is leveraged, though...people aren't levering other things to buy gold.  You seem to have your facts slightly awry

Dec 20, 2011 11:41 PM

I still maintain that gold's price tailwind is primarily driven by fundamentals, i.e., production peaked in 2001

Dec 20, 2011 12:35 AM

can't print oil, bitchez....and there are no alternatives to transition to that will be cheaper.  Except unicorn piss

Dec 20, 2011 12:37 AM

uh, NO, it isn't.

If there were oil out there in abundance, producers would PRODUCE INTO THE HIGH PRICES.  They would SELL INTO IT.  Do you freaking GET that?

Dec 20, 2011 12:38 AM

C&C peaked in 2005; that is all that matters.  Don't look at all liquids; that's bullshit.

Dec 20, 2011 12:39 AM

still what, 3 fucking 50?  And you are CROWING?

Moron

Dec 20, 2011 12:41 AM

ROTFL...you call THOSE piece of shit little wells HUGE?

WTF are you smoking; I want some.  That shit is TINY.  Call me when you get a field producing even 1mpbd.

Dec 20, 2011 12:42 AM

uh, no they aren't...new home construction is at world record lows.

Dec 21, 2010 1:02 AM

perhaps there is a mega gene we will come up with that just shits alcohol like there's no tomorrow.  And maybe cold fusion will be real and world peace will break out.  Anything is possible.

To do fischer-tropsch we will need abundant energy.  And we still haven't solved the growth problem.

Dec 21, 2010 1:07 AM

jeezus christ dude, did ANYONE read that novel????

Nonstop rambling nonsense and poorly-worded

Dec 21, 2010 1:08 AM

which fusion pathway?  Ideal fusion reagents produce no excess neutrons.  The oft-bandied He3 obviously does.

Dec 21, 2010 1:13 AM

the "blood diamond" thesis?  Amazing, then, that there is no civil war at Argyle.  And, there appear to be no gold civil wars in Oz or Russia or anywhere else either.

And while I'm up, why is Africa constantly an aid recipient and not a provider?  Why don't we ever need food aid?

Dec 21, 2010 10:31 AM

another sharp move down right at the comex open...clockwork

Dec 21, 2010 10:38 AM

was he crazy?  I guess he called for 900 when it was 1000 or something.

but, the NeObama popularity shit was...huh?  Democrap tsunami???  This was 2010?!?!  How much MORE assbackwards could he've gotten?

Dec 21, 2010 10:56 PM

i don't think he claimed WW2 never happened.

While the Holocaust clearly happened, wtf is with your pavlovian leaping to demagogue anyone who isn't militantly pro-jewish??

His statement that we get one side of this is correct.  There were millions of others placed in those camps, lots of other group camp patches, brown triangles, pink ones, purple, etc...why do we have only ONE museum for this and hear only ONE narrative?

BECAUSE FUCKIN ROMA DON'T HAVE MONEY AND POLITICAL POWER

Dec 21, 2010 11:17 PM

this handbook is awesome!

In the FIRST PARAGRAPH, they frame the ENTIRE fucking issue as "jews as victims of racism" and hate!

this is just incredible shit.  Israelis HAVE murdered people, calling them murderers is a matter of perspective.  However, that particular point of view is unacceptable to them, as in the foreword, they sort of lament that all jews do not UNCONDITIONALLY back Israel.

To them it is all a matter of your goy stupidity in not recognizing that Israeli conduct is always virtuous.  This is some kind of defect in you that you do not see it their way.  You always have a "hidden agenda" or some kind of sinister motivation.  This group is ALWAYS THE VICTIM, never the perpetrator, by definition.

There really are two standards of behavior for this clan, yours and theirs; this is afterall what the Torah sets down as their law.  My experience with zionists reflects 100% this belief.

Dec 21, 2010 11:19 PM

The polish camps were particularly savage and not particularly well-known due to their efficiency in operation

Dec 21, 2010 11:34 PM

wow...anyone w/ the 3rd party or anyone w/ a don't tread on me flag.

GOD FORBID you reference the founding fathers or Thomas Paine or anything like that...fucking LOCK YOU UP.

I'd bet that posting to ZH is considered a terrorism nexus.  Because ANYONE who doesn't swallow the government's line or threatens the party duopoly is now a fucking threat and a terrorist.

I SUPPORT all this shit, because of 911.  911 showed us that terrorists all have Bob Barr stickers and Don't Tread on Me flags.  I mean, this was clearly the missing connection, right?

Dec 21, 2010 11:52 PM

HUH?

You're an IDIOT.

You ACCEDED to their two party A/A1 SHAM.

There were half a DOZEN other candidates on the ballot, ALL of whom had "no chance" simply because of rubes like YOU.

Because you went INTO the polling place having decided to VOLUNTARILY PARTICIPATE in the 2 party system.

THEY framed the election FOR YOU and you swallowed it.

Look at your false dilemma...Muhcane or NeObama.  There exists no other option in your mind.

All you idiots who were afraid of "wasting" your vote...well, guess what, YOU WASTED IT.

Dec 21, 2010 11:57 PM

He's a guy who is in love with himself being President.

You can tell a lot by how many photo ops the Prez has in the AF1 jacket.  Obama wants to be a president like one on TV.  You're a character, you play a role.  He doesn't want to actually do anything.  His whole life has been spent with DWLs kissing his ass and doing everything for him.

Dec 21, 2010 12:39 AM

A patent?  LOL.  I'm relatively familiar with patents as I am a member of the PTO bar.

A patent swaps right to exclusively practice the embodiment in exchange for DISCLOSURE of it!

Meaning if you HAVE a patent, everyone knows the PRECISE details of your invention.

Get the eff out of here with this technology suppression crap...if WE didn't produce it, someone OFF K STREET would, as in Japan or Germany or ANYONE.

If the product is useless, nobody will want it...wow.  Nobody else is producing electric cars.  It might surprise you to know that there are incredibly major car companies in other nations...yes, it's true, hard to believe I know.  VW is out there and THEY didn't produce the electric car either!

Exxon does not have enough money to bribe someone away from a product line that could make BILLIONS.

You guys and your potent directors fallacies need to start being logical and accept evolution.

Dec 21, 2010 12:41 AM

this is an EASY one.

SED isn't being tied up by anyone!  Canon and Toshiba are major companies who pioneered this technology.

SED cannot cost-compete against LCD, simple as that.  Even PDP is imperiled.

The only technology that looks to be promising for the future is OLED.  SED is a ferrari TV, no question, but it won't be better than OLED so that is where the future is going.  You can't ink jet deposit a SED substrate or make it on flexible materials.

SED is like PDP on roids and PDP only has a home anymore in large TVs.  LCD's cost footprint has driven out all other technologies.

Dec 21, 2010 12:54 AM

Einstein was first, so was Newton.  But if you erased those men from history, others were right on it.

Even in liquifying helium, reaching close to absolute zero, there were a couple of teams trying it.  Major discoveries cannot be suppressed.

If there were revolutionary new power sources out there, there isn't enough oil money in the world to bribe them away.  Because if you marketed one, you'd be the new Rockefeller

Dec 21, 2010 12:57 AM

ROTFL.

Look, man, it's best you don't attempt to try to get into any kind of argument with me over energy, ok?  Just ask around a little.  I know ALL ABOUT cellulosic ethanol and have for something like 4 years, when some coworkers of mine were speculating on GLXI or some other cellulosic tech startup.

It's still a pipe dream.  What is amazing is that people like you come into forums like this with actual experts and attempt to pass off pipe dreams as real, scalable solutions!  And then declare everything fine!

Do your goddamned homework.

Dec 21, 2010 2:05 PM

let's see here...like half the black population is in jail, half of those not are on welfare.  As you were saying?

Dec 21, 2011 12:02 AM

well...I see no way the credit system doesn't collapse without printing.  The japs have proven this for 20 years.

And, at any rate, gold production peaked...economic decline means further production decline.  Energy scarcity means reduced production and certainly an expectation of dramatically less production into the distant future.  Gold mining is energy expensive.

Dec 21, 2011 12:10 AM

the debt can't be paid off...you don't understand the mechanics of creditmoney if you believe this stuff can be paid off.

Japan is your example of what happens when credit saturates...the CB is forced to periodically print to fund the coupon because there is no organic growth in credit.

The national debt is just the tip of a credit iceberg, dude.

Dec 21, 2011 12:15 AM

yes. Demand isn't there.  Consequently, the Fed and the banking system has decreased the price of credit to attract more buyers.  This is why prevailing interest rates are in decline.

Without growth in borrowing, there is no extra money to pay the interest owed in the future on the money of NOW.  The CBs *must* print that until and unless PEOPLE step up to borrow it and then the financial parasite industry can lever and pyramid atop that.

Dec 21, 2011 12:39 AM

OP was tl;dr

too many petitio principiis such as the assumption that somehow gold is an enemy of the State.  I honestly don't think they care a shit about it.  It's a MINOR asset.

And yeah, there will still be pawn shops trading gold for paper...

Dec 21, 2011 12:42 AM

sigh...gold BULLION was illegal to hold.  BULLION.

ONE type of gold.  If you're stupid enough to let the law bother you, and you're going to get sand in your vagina over it, then just curl up in a ball and suck your thumb.

My mom had a gold wedding band, my dad had a gold bracelet while gold BULLION was illegal to hold.  And there were still people playing COMEX for LBMA bars.  The gold market didn't grind to a halt simply because specific coins were made illegal to possess.

Just beat all your krugerrands into a calf and call yourself a jew, FFS

Dec 21, 2011 12:52 AM

with the ECB's balance sheet at 2.5T, how can we say they HAVEN'T been printing???

There just THAT MUCH debt out there needing rolled.  Doubling is like that.

75% of world debt is dollars, so it's up to the Fed to take care of that base.

Dec 22, 2010 1:24 PM

except that we're not really in a global depression.

Inventories drawdowns are a sign, if continuous, of consumption exceeding supply.  Simple as that.

water pressure falloff?  Dude, they go 2ndary extraction in the primary phase now, which is why production curves look like trapezoids since the 70s.

Dec 22, 2010 1:47 PM

Sigh...what is it with you idiots and your infatuation with comparing irrelevant variables?

Gold SHOULD be more expensive wrt oil than previously because gold production hit a material peak in 2001, whereas "oil" as rubes know it hit one in 2006.

For you to show there has been no peak, you have to demonstrate a production figure EXCEEDING all other production figures, a new high.  For C&C, IEA says 2006, the data I have shows late 2005, close enough, and we haven't approached that since.

This is the oil that pumps itself, as opposed to the kind we have to dig up, wash, and process.

Dec 22, 2010 1:50 AM

getting out of gold and going to WHERE?

Cash?  ROTFL.

Yes, I am aware of the deflationists' absurd claims that fuckin printed paper will become more valuable, even precious.

Dec 22, 2010 1:54 AM

Bullshit.

There is no gold bubble.

Those who cannot conceive of production ever declining seem to think all prices are cyclical.

Gold production will continue to decline, eventually there will be less for would-be hoarders to hoard.

In terms of real value, other real assets may rise vis a vis gold, but its cash price is NOT in anything even vaguely resembling a bubble.

To be in a bubble, the SINGLE THING that highlights the presence of a fucking bubble is CREDIT.  To my knowledge, NOBODY at retail is buying gold on freaking margin to FLIP IT.  There is no bigger idiot/pyramid/ponzi dynamic to gold.

Gold's rise in price is level or rising demand against declining supply - simple as that.

Dec 22, 2010 1:58 AM

Until/unless production rises, the price is driven by rising or level demand against declining supply.

SIMPLE AS THAT.  There's no goddamned bubble until and unless people start buying gold WITH CREDIT in order to FLIP.  That is the ONE mark of a bubble, the only one that matters.  In ALL OTHER bubbles, margin buying by retail participants was the sign of a bubble, yet even with this, the housing and .com bubbles ran for half a decade prior to inflecting and there was plenty of time to GTFO if you desired.

Dec 22, 2010 12:00 AM

Congress has abdicated similar to how the Roman Senate did.  It gives them more time to enrich themselves.

Dec 22, 2010 3:05 PM

oil production stopped GROWING in 2004 dipshit.

That ALONE should set off alarm bells in your head, but it can't because your head is full of rocks.

Dec 22, 2010 3:06 AM

Belzec and Treblinka most likely

Dec 22, 2010 3:08 PM

I'll look into them when I take an exit from TET.TO or when it spits out enough dividends to acquire some shares of them.

BTW, anyone know a good sell point for TET?  I am totally in the dark right now on this trust

Dec 22, 2010 3:12 PM

peak oil "may or may not be real"?

wow...just wow.

Your attempt at a faith-based polemic was a failure.

The "government" caused the collapse.  LOL.

You really are clueless.

Dec 22, 2010 3:14 AM

define "hate"

At various times, I've seen you accuse many of hate for pointing out what are really "hate facts."  Those being facts that run against what is politically correct to say, which expose said as a lie or a sham.

I think we figured out you were a jew quite awhile ago...no revelation here.  However, you seem to be quick on the draw with the racist tag when people simply state facts.  It's always as if there must be some agenda lurking.

As you know from your clan-history, the tribe has been run out of every country they've ever been in.  When the entire world dislikes you, is it really everybody else?  I mean, I am highly disagreeable at times and I have never once characterized dislike of me as others' problems.  It's not the rest of the world, it's me.  Sure, perhaps I am misunderstood and not malicious, but seriously...

I've had this discussion with other jews and been told that white people just have an anti-semitic "kink" in them.  This level of self-deception is mindblowing.

I don't really have time to address this fetish with "hate" and I put that in quotes because nobody can really define it.  It's whatever you say it is.  "those who hate," is a kind of a STRAWMAN.  It is really rather clever in its lack of intellectual rigor.  Especially because it cannot be disproven.

Am I a hater?  You can say I am...how can I demonstrate that I'm not?  I cannot anymore than I can prove I am not a racist.  Recognizing this, I just laugh at people who toss these nebulous terms about.  They are intended as nothing more than cloture tactics in the face of hate facts. 

Dec 22, 2010 3:19 AM

Russian girls are fucking ruthless mercenaries...you been warned.

Dec 22, 2010 3:21 AM

did they figure out yet that old man + old woman = less viable offspring?

I mean there's a goddamned reason women are so fertile from 13-27 and it goes down after that...nature has plans which do not include a career

Dec 22, 2010 3:25 PM

sustained inventories declines are evidence of consumption>production

don't blame the Bernank for this one just yet

Dec 22, 2010 4:35 PM

some milkshake drinking gonna occur, methinks

Dec 22, 2010 4:38 PM

people have really no clue about the volumes of oil consumed by the world, so they say stupid shit about conspiracies with vast tanker fleets.

Stockpiling oil is a GOOD idea, especially for the can't eat gold crowd.  Why the fuck WOULDN'T one do this if they had the means to do so?

Those who claim global depression need to monitor BRIC consumption as well as export land model consumption trends in producer States

Dec 22, 2011 12:08 AM

another tl;dr about the boogeyman of gold confiscation.

Right, try marijuana confiscation first...oh shit, that's not working.  People are just eventually gonna fuckin rebel and not give a shit what the cops say.

But a gd bag of gold rings or something then, sheesh, if you're so scared of losing your bullion coins to the almight government.  Or buy gd'd platinum

Dec 22, 2011 12:26 AM

metals are a TINY fraction of assets, hardly worth trying to round up and confiscate.  If they do anything it will be oppressive taxation regimes on everything.  But people will just start cheating on them like they already do.  Greece is a case study in this, as are most 2nd world and below countries.

The public has a way of finding an acceptable level of taxation versus what they receive. If the gov't goes jackboots a lot of people will just start working under the table.  There's already a large segment that has checked out of organized society and flat doesn't give a fuck.  WTF is jail gonna do?  Once people lose that fear, the gov has nothing.  The rules only work for people bought into the system.

The drug market is presently zillions of dollars, far larger than the gold market, yet drugs trade every single day.  There are entire industries of people willing to risk lengthy incarceration to trade.  In several states and DC, certain drugs have been entirely decriminalized.  Banks a decade ago had tens of billions of drug monies sitting in their accounts.

if shit goes Detroilet, do you REALLY think the police are going to show up to round up fuckin gold when they DON'T respond to burglaries?  If anything, the concern in such a situation is forfeiture and shakedowns.  However, as is seen in 3rd world countries, heavy weapons check the police and there are already no-go zones in even the 1st world in some places.

The only thing that holds the law is those who abide by it.  How many of you know ANYONE in your lives who is by the letter?  Everyone plays pretend and cheats every chance they get because the system has become unreasonable.

Excessively wordy people like CD don't GET the zeitgeist that follows when people who go along with the system because the system promised them something wake up to a reality that the promises won't be delivered.  Why the fuck should anyone continue to pay in and go along with it when everything that was on their end of the bargain is taken away?  If you are bought in to a future that is taken away, everyone says fuckit.

The way things work in the 3rd world, in collapsed countries...no seizures.  Highway robbery, police home invasions, brutality, etc., but mass roundups house to house invite vicious responses.  Who are they going to go after, really?  A few fucking people who own some krugerrands or a TON of people who have drugs and piles of cash?

If there is door-to-door it will be for the high value shit and those people will retaliate.  Hell, among the people here, who wouldn't retaliate if the gov't stole everything they owned and condemned their children to a life of starvation?  WTF would anyone have to lose?  The police know they aren't bulletproof.  The army can't be everywhere.  Vandalism is frighteningly effective.  They build it, you burn it down.  If a gov't has to balance its budget, it has to reassess its heavyhandedness right quickly when this starts to occur.

Think about it.  The police cars are parked sometimes.  If enough of them are placed out of commission, the police function degrades rapidly because materiel takes time to replace, even longer by a cash-starved government.  Do not underestimate how intractable those who thought they were bought into something become when that future is ripped away from them.

Everyone thinks their neighbor is gonna snitch?  How long is that neighbor going to live?  People like CD just don't seem to get the difference between the law abiding and the non- because he is STILL bought into this matrix he talks about.  Unplug yourself for a moment from restraint.  Imagine a snitch neighbor.  Just like in the 'hood...the popo is the enemy.  What happens to people like that?

Dec 23, 2010 1:09 PM

yeah i hope there is more to it than that, seizing private pensions to pay gov't pensions

Dec 23, 2010 1:13 PM

permanently high oil...get used to it.

How long before idiots start blaming "Exxon" and the other "big oil companies" who they believe have the power to unilaterally set prices?

Dec 23, 2010 1:49 AM

love it, the precision and accuracy dripping off your post, "ginormous"...is that a technical term?

By the way, you're an idiot who doesn't grasp growth compounding

Dec 23, 2010 12:13 AM

margin compression is a bitch.  The effects of high input energy costs will matriculate throughout the entire economy.  People are buying more $1 menu and other loss leader products.

To the Fed and the CPI computations, this is a hedonic "substitution" adjustment that shows no inflation.  However, now that McD's isn't making money they have to jack up the cost of the popular products.

Dec 23, 2010 2:13 AM

anymore this is how I'm thinkin...I am tireder of just being fucked with all the time by the cretins who call themselves authorities.  Everyone has a stupid fucking rule, everyone is an asshole, everything is maximally intrusive.  Just leave me the fuck alone, jfc

Dec 23, 2010 2:42 PM

this article is a godawful apologia for the Fed system.

Look, moron, Congress is SUPPOSED to have a public monopoly on the coinage of money.  It's in the Constitution.

I say give the power back to Congress...let them fuck up and then we will actually have to sit down as a nation and make some harder choices.  If they zimbabwe us, what is the fucking difference?  Life goes on.

Brazil's on its 3rd currency in 20 years.  They seem to have found the strength to carry on.  The Fed system is and always was set up to provide for banking profits as a result of lending out the money supply.

They earn a vig off of every dollar of credit/money in existence.

Dec 23, 2010 4:12 PM

unfortunately, the Consitution gives Congress PLENARY authority over the monetary power.  In fact, the Fed Act should be unconstitutional.  Congress is solely authorized to regulate the value of money and it cannot (see Clitton v. City of New York) delegate its authority to another branch or private actor.

Dec 23, 2010 4:16 PM

The constitution does NOT bind Congress to a bimetallism standard.

It merely prevents the States from tendering anything other than gold or silver coin for the payment of debts.

Congress is free to coin and regulate the value of Money.

Dec 23, 2010 4:18 PM

Are you people ILLITERATE?

This is like the half-dozenth person who has ERRONEOUSLY said this just in this perusal of the comments!

The Constitution, per Article 1, Section 8 sets forth Congress's PLENARY authority to coin and regulate the value of money!  It says jackshit about gold and silver

Dec 23, 2010 4:25 PM

Do you want a picture of some Colombian notes I have picked up?  Argentina had a currency collapse too.  Mexico.  Hell, almost all of them, Chile, Venezuela...who hasn't?

Life goes on, really.  People will just migrate to a more respectable currency until the government gets its act together.  Eventually, there are revolts, vote outs and some sanity comes.

But at least you know what you're getting.  Having to BORROW our money supply from bankers just makes them rich and we still get fucked.

Dec 23, 2010 4:28 PM

ah ha...people are catching on to what those of us mean when we say all debt/money is a claim on the use of energy.

Even if I pick apples off a tree, there is energy involved, the caloric value of my work and/or that contained within the apple for you to eat.

ALL revolves around energy consumption.  If you stop breathing, why does this kill you?  If you don't eat, why does this kill you?  Lack of water kills you how?

Dec 23, 2010 4:29 PM

energy becomes mass...wtf?

Dec 23, 2010 4:33 PM

what's wrong with bank runs?  They are reflective of widespread mistrust of bankers which seems to be a valid position to hold

Dec 23, 2010 7:51 PM

yeah, who made his money in the .com bubble.

He's a rentier-seeker who loves paper because it allows his money to "make money" simply by existing.

He wants precious cash and higher interest rates out of self-interest. 

Told people to sell into a "5 wave impulsive move" when gold was $900

Dec 23, 2010 7:59 PM

Work IS energy.  That's what it is called in basic physics, fool.

As for "labor," I did no such thing.  As far as your conflation of "marxism" and the labor theory of value, that is beyond idiotic.

Dec 23, 2010 8:01 PM

that is easy to change.

The bankers should be incarcerated or lynched.  As for economies collapsing as a result of runs, that's only the case when bankers control money

Dec 24, 2010 1:23 PM

who cares whether COMEX has any silver?  They are merely an exchange.  The shorts are those who have to cough up the metal.  But, again, futures exchanges are NOT, repeat NOT intended to be clearinghouses for world supply of a commodity!

Real supplies are delivered between producers and consumers by independent contracts.

Dec 24, 2010 11:42 PM

Rack up those junks, son!!

I'm going to pile some for myself by saying the magic word:  JEW

Dec 24, 2010 11:44 PM

I'll throw my hat on S. America, particularly brassssilllll

Dec 24, 2010 4:25 PM

Go live in a fuckin cave then.

Stop posting about the horrors of the gadget society on a computer on the internet.

Dec 24, 2010 4:30 PM

Also, ruminate on why all of the land mammals in the Americas larger than the bison are extinct.  The peace loving nature harmonizers hunted them to it.

Then, ruminate on the untold numbers slaughtered by the Wrights in their invention of the airplane, Edison in his lightbulb, Intel in their microprocessor, Bell Labs in the transistor...etc.  Oh wait, nobody was slaughtered.

Dec 24, 2010 4:39 PM

living like modern-day africans?

Dec 24, 2010 4:40 PM

we're immunizing those africans with the flies on their faces, and sending them food to keep their squalid lives going, aren't we?  So what do you mean no global benefit?

Equality in cognition isn't a global thing

Dec 24, 2010 4:48 PM

Mother Nature doesn't care.  Nature has been hit by asteroids and shit, seen 90+% species extinctions several times. 

If we manage to kill ourselves, the earth will recover in a geological blink of time.

Dec 24, 2010 5:22 PM

DOE is full of BS

Dec 24, 2010 6:46 PM

good article...vast majority of people do not understand that all of the "new supply" that has come online in the past 10 years has been of the  heavy sour variety, for which there simply isn't the refining capacity.

People also wonder why for many years there have been no new refineries built in the US, supposing that there is some conspiracy.  It is because the oil grades that the existing refineries are built to refine are in production decline.  The new refinery capacity in KSA has been for the heavier and sourer crudes; nobody is going to sink money into this type of plant here.  When KSA cites their slack capacity, they mean heavy sour that nobody can refine, so it's not really slack.

2007 was when consumption exceeded production; this was validated by the sustained drawdowns in inventories.  What people do not want to hear is that the existing refinery capacity is sunk cost and there is no real "growth" in heavy sour either as production volumes of that inevitably decline too.  There is a refining dilemma in terms of return on cost for new plant capacity.  It is more economical to maintain existing refineries and just let them run down over time as the lightsweet grades they were built to process diminish in volume than it is to sink tons into a new plant to process heavy sour which will also decline.

I used to own PBT and some other ROYs, but my concern going forward is in the threat of nationalization of these assets.  Certainly we've seen the start of that in Alberta. 

Dec 24, 2010 9:28 PM

a run caused a bankruptcy?  What, the bank couldn't get a loan from the CB or somethin?

Dec 24, 2011 7:20 PM

From the first chart, I can see that the whole world owes GREENLAND a lot of fucking money?

Dec 24, 2011 7:36 PM

a dirty bomb would be lucky to kill a dozen.  Period.

As for east berlin, good luck getting enough snitches on the payroll...already the hippies and TP oldies are protesting

Dec 24, 2011 7:40 PM

let them speak out like the "moderate muslims" never do against the excesses of their hardliners

Dec 25, 2010 12:27 AM

you can do way better in Brazil as far as poverty/HDIs go, try Curitiba or up in the NE.

Hellcife or Salvador are a little more mellow than RJ, and Salvador has the best climate imaginable.  The favelas are a little better-contained there and the crime rates nowhere as high right now.

My experience was that the quality of cars went vertical even over a 6 month period between trips.  Lots of money being made.  We'll see how the development for the WC and Olympics improves Rio; that could be a gold mine.

It's easy enough to remain fairly low-profile and anonymous in the 3rd or 2nd world if you know how to behave.

Dec 25, 2010 2:41 PM

China is testing the waters to see if they can soak up some of the excess CNY sloshing around and brake the ponzi lending rackets.

Well, THEY are the ones who injected all that CNY into the economy and they do so daily by defending their absurd peg.  Trying to sequester the money in bonds is foolish.  If they want to stop the sloshing, they will have to dramatically force a lot of defaults and repayments to vaporize a bunch of yuan or else they are going to have to stop sterilizing all the dollar inflows and let the CNY rise to wherever it should.  Expecting tickytack rate rises to mop up liquidity - it won't.

So much for the long-term strategic genius of the Chinese...they have maneuvered themselves straight into a liquidity trap

Dec 25, 2010 4:24 PM

i think I saw this one hanging at MoMA

Dec 25, 2011 11:12 PM

even the 2x ETFs were only good for a sustained, one-way market move.  Anything else and they eat your "investment"

Dec 25, 2011 11:23 PM

well, global oil production hadn't peaked in 1981 and you could still mention Jesus, instead of some nebulous "personal god" or whoever you pray to with the Power of Positive Attraction

Dec 25, 2011 11:30 PM

fuck communists and fuck the actors.

You realize who is the driving force behind communism worldwide, and always was, right?  You do understand the connection between this nexus and certain events in the 1930s, no?

Dec 25, 2011 11:32 PM

lol...don't pay much attention to the USDCNY do ya?

Dec 25, 2011 11:49 PM

well shit, we've got LGBT at all levels of entertainment and in positions of political power...so of course, their demand to ram degeneracy down the throats of everyone and destroy any and all morals and cultural restraint will proceed until they are shoved back into the fucking closet.  Really, it's as simple as that.

It's highly interesting to see the nexus of nomad desert war tribe with homosexuality and marxism...sort of like unholiness cubed.

Of course ANYONE who calls for any kind of revolution is a nazi/bigot/homophobe/neanderthal/RAYCISS

Dec 25, 2011 11:50 PM

what the fuck is google+?  Is that even more data aggregation for DISCO?

Dec 25, 2011 11:55 PM

DATS RAYCISS

Dec 25, 2011 11:56 PM

it's "regrettable collateral damage" when the US military does it and "terroristic slaughter of innocent lives" when anyone else does.

Dec 25, 2011 11:57 PM

keep bellycrawling, mudshark

Dec 25, 2011 11:58 PM

white people don't particularly care that much about Air Jordans, so the news of riots must be suppressed.  NO negative image of protected classes of people can be allowed to exist.

Dec 26, 2010 1:59 AM

it's critical to remember that these jobs can be done by decently-paid and treated people.

Germany is proof of this.

The issue is CORPORATE PROFITS.  Outsourcing means more money for executives and management.  It does not mean lower prices for consumers.  It never has.

Prices have not gone down as a result of decreased labor margins, profitability has gone UP.  This is what has led to the obscene CEO pay multiple.

Those who say the executives "earned it" are full of shit.  All they did was outsource to slave labor camps like Foxconn and pocket the difference in wages paid.  They didn't lower prices nor increase dividends.  There has been NO BENEFIT whatsoever to the USA for free trade.  All the morons who keep crying their Smoot Hawley epithet bullshit should understand that nations like Japan and Germany are wantonly protectionist yet still manage to pay union labor decent wages and their economies have not cratered as a result of higher-cost labor.

The entire notion that we must race to the bottom is bullshit fed to us by an executive class wanting to maximize its take.

Dec 26, 2010 10:26 PM

well he's always got Plan D, which is D-fault

Dec 26, 2010 4:18 PM

we need total monetary reform.

Eliminate debt-backed money and move to production backed money.  Banks serve as utilities to discount real bills and serve as market makers for the futures to set ratios between commodities.  Producers and consumers participate only in futures markets, banks only serve to match counterparties.

Money as the "oil" in the economy's engine, is like electricity or water, and should be utilitized.

The public doesn't so much have an issue with the spending or printing, but that the fatcats who created the mess are being bailed out and continuing their lavish lifestyles while the rest of the economy crumbles.

Really, the Fed's policies help ONLY the banks and bankers and punish all others.  To the extent other corporations have real production or political cover, their *executives* benefit, with no pass-through to the wider labor base.

Dec 26, 2010 4:23 PM

calm down, mera dhost

Dec 26, 2010 4:23 PM

it was probably either cutrate chinese components or else that secret microwave maser that Tarpley thinks brought down WTC2 lol

Dec 26, 2010 4:27 PM

this article is just a buncha junk

Dec 26, 2010 6:27 PM

Cambridge, bitchez

Dec 26, 2010 6:28 PM

The Truth appears to be more than just the State's enemy, eh?

Dec 26, 2010 7:44 PM

yeah pretty abrupt move down right out of the gate

Dec 26, 2010 7:47 PM

down 10 out of the gate in Asia, pretty big move for the overnight action...

Now down over 11...probably will be a big day ahead for Robo's charts and the Johnny Bravos

Dec 26, 2011 12:00 AM

china doesn't have a carrier fleet

Dec 26, 2011 12:01 AM

this is what "hardball" looks like.  Eventually, someone will officially beg us to return and we will "reluctantly" do so and then we will flip over the government along with the oil contracts.  We're right next fucking door.

Dec 26, 2011 7:50 PM

that is, um, how exponential growth works.

It should not appear incredible to you that HALF of all the X "ever produced" is in the last doubling interval

Dec 26, 2011 7:52 PM

you understand little, so pipe down.

The BEST currency would be fiat, printed in amounts commensurate with economic production.

CREDITmoney is the wealth-stealing evil.

Dec 26, 2011 8:13 PM

that would be dumbassedly artificial.

Why not let the MARKET decide how many FRNs are needed for each ounce instead of having central control?

Dec 27, 2010 1:35 PM

yet now they claim they OWN the fuckin house?

They appear to be a proper foreclosure irrespective of the lost paperwork.

Dec 27, 2010 11:27 PM

LOL...I thought China was the FUTURE.

Their copied aircraft, copied attack helicopter, copied fighter jet and now copied aircraft carrier are going to dominate the world, right?

I tell ya, the only way those cities make money is if they turn loose tourists with high powered sports cars and let them burn rubber up and down those empty streets.

Or else bring in dissidents and start a Omega Man hunting program

Dec 27, 2010 11:31 PM

keep your FRNs, moron...you'd never have enough to buy an ounce if shit goes downhill.

Have fun with your jew confetti

Dec 27, 2010 12:15 AM

riiight...the mighty chinese navy.

China's growth opportunity is in exporting cancer and pollution.

Do you idiots REALLY believe it is so difficult to set up polluting factories with old technology in order to manufacture plastic shit?  I mean, SERIOUSLY?

Any 3rd world nation will suffice for this; China has nothing special.

Dec 27, 2010 12:19 AM

yeah some of us have kids in school and can't get passports for them.  It'd have to already be madmax in order to get out.  Just need to marry a nice brazilian girl and then I can have citizenship and get property in Parana

Dec 27, 2010 3:30 AM

gold gettin bought now, better retract that chart lol

Dec 27, 2010 3:51 PM

bingo...all the bugz around here need to unite and form the "First Bank of GoledBitchez" and certainly the Fed would be willing to dole out some 0% loans for Bentleys for the principals.

Dec 27, 2010 3:57 PM

depressing...you can bust ass, study hard subjects for 7 years or more and a fucking stagehand will outearn you.

290k for a SALARY?  I guess as long as the elites continue to buy tickets, make hay

Dec 27, 2010 4:41 PM

no; to sustain the rally all we need is a failure to make a new production high.  2009 was a heroic year in terms of production, with record high prices and a VERY gold-favorable oil/gold ratio.

It remains to be seen whether 2010 was as good as 2009 for the #s of ozs produced.  If we continue to see a decline in production, price will continue to rise as it has.

If you want to bet on a production peak's effect on price, go long platinum or silver.  When silver peaks, the price spike will be epic.

It's hard to see 2nd-tier producers like Ghana or Mali making up for the continuing declines in the former major gold producers.  As of now, there are very few nations whose gold production has not yet peaked; I can really only find Ghana and China.  At the same time, USA, Australia, RSA, Peru, Russia are all seeing continued declines.  China's production increases have been nothing short of spectacular; its 09 production bests Russia's peak and rivals the US's.

Dec 27, 2010 4:47 PM

I can agree with this...one thing I would counsel the bugz to do is to focus on POGs outside of the dollar price.

Most notably, focus on the EUR and BRL POGs.  These are your anchor currencies on 2 other continents.  The FX cross won't tell the whole story.

Dec 27, 2010 4:52 PM

gosh, man, Robo posted a kitco chart.  Look at the bars at the bottom of it.  NYMEX is not the only market in the world.

JPM doens't have the political cover to short naked on every exchange, even if they are currently engaged in a price suppression scheme. 

Price suppression cannot work indefinitely anyhow.  If the futures markets were pricing Ag at $20 and it could not be had IRL for less than $30, all real sellers of it would be charging $30 and buying contracts out the ass at $20 to arb for the cash-settlement.  In fact, every HF and idiot on the globe would be doing that.

Remember, they can't print silver.

Dec 27, 2010 4:59 PM

ah, the problem with spec and trader types is that they believe all things are cyclical.

Production isn't cyclical, dumbshit.  It rises, peaks, then declines.  So long as gold production continues to decline - and it is hard to conceive of it rising given the increasing fragmentation of the production source market and continued declines of former major producers - there is a systemic supply/demand bias

Dec 27, 2010 5:09 PM

Pd has been on a stampede.  I had a chance to grab some at $500 but I was too lazy lol.

Dec 27, 2011 11:43 PM

idiotic...you open fire into a crowd, they are not charging you; they are going to run, even with superior numbers.

You gunphobes are simply IRRATIONAL

Dec 27, 2011 11:50 PM

enjoy running from the flames with all that shit on

Dec 27, 2011 11:56 PM

Anybody still have any questions about how a creditmoney system can't function in the face of contraction?

Or are we gonna continue to play this charade that growth is just around the corner?  You either PRINT to pay the coupon or the creditmoney system COLLAPSES almost overnight.

Dec 27, 2011 11:58 PM

the scope of problems is the only thing still growing in this economy

Dec 28, 2010 1:26 PM

But...but...I thought China always planned ahead and that they were just smarter and better.  You mean that they actually didn't PLAN and execute the infrastructure necessary to support mass car usage!?!??!

You mean that those cities meant to look like major western cities really AREN'T?!?!  Instead they resemble the congestion patterns of the 3rd world?  NO WAY.

Knock me down with a feather, because I thought China was supposed to be taking over by now.  I guess whoever was gonna do that got stuck in traffic and gave up.

Dec 28, 2010 11:58 PM

riiiight...because Canada's culture is miles apart from the US's.  They have all their own TV channels and they walk and bike everywhere.  BTW, what's the mean temperature in Calgary in the wintertime?

Dec 28, 2010 2:53 PM

garbage: I wonder if Hedges ever read BNW or just cribbed it.

The two works, 1984 and BNW, are miles apart and not even related.  And Bernard Marx was not the protagonist of the latter work; nobody who'd read the book would make that mistake.

Dec 28, 2010 3:35 AM

the money masters aren't hindus, though.  Jews aren't rightly characterized as a religion, more like a tribe WITH their own religion.  And that religion has a set of morals and standards of behavior in many cases TOTALLY DIFFERENT from what christianity has indoctrinated most anglosaxons with.

If you, tomorrow, began systematically locking up the perpetrators of this criminal banking syndicate, by 5p you would be on CNN as an anti-semite.  The ethnic impact of such an act would be grossly disproportionate in its outcome.  This is also how the SAT gets branded as racist, disproportionality of outcome.

Consequently, I don't want to hear anymore fucking WHINING from jews not in the loop about how "it's not jews," when anybody with a fucking pair of eyes sees that yes, the individuals who are the problem actually ARE jews.  Maybe instead of self-deception, the tribe ought to clean up the acts of its members?  You know, instead of rallying around the clan and adopting a bunker mentality "see no evil" policy.

Dec 28, 2010 3:41 AM

There is no fuckin euro endgame.

the people "in charge" are so arrogant and self-absorbed that they will defend this thing to your last drop of blood.

Without the euro, how could germany and france be these mobster states that are looking for pounds of flesh from the periphery?  I mean, fucking Greece and Portugal are their retirement plan!

The EU gave the fucking mercantilists CONTROL of the currency...how fucked up is that?  How about we let CHINA set dollar policy?  They'd pass the most vicious austerity TOMORROW if they had the power; they don't give a fuck about us anymore than the Germans give two shits about Ireland.

Watch the euro become the next Versailles Treaty.  The endgame is when the banged-out periphery states become the next Weimar losing their Ruhr

Dec 28, 2010 3:50 PM

rappers jus showin they fatass abstract reasoning capability in terms of planning for the future

Dec 28, 2010 4:19 PM

Must have been very challenging for Douchinger not to have the BAN button at his disposal and actually have to defend his arguments.

He used to ban people for Peak Oil arguments in 08, now IEA comes out and says we peaked in 2006 LOL

Dec 28, 2010 4:22 PM

TLT getting slammed, man what a move this has been straight down from 108.

The Fed is buying bonds...not enough perhaps?  Or are they trying to get a better deal and chase money out of them?

Dec 28, 2010 5:45 PM

Gasoline will be going up in those places too, doofus

Dec 28, 2010 5:53 PM

if we fall off the plateau like Cantarell or Prudhoe did, it's going to go a lot higher than $5.

People talking about NG or Thorium...think about how we spent the last 15 years.  In a HOUSING bubble, building intentional suburban sprawl, wasting our money on granite countertops.

It's going to turn out that Jimmy Crater was right and nobody could think far enough into the 20 or 30 year lead time we'd need for a switchover.  The Japs got the message in the 70s and today consume the same amount of oil as then.  Oh, and they get FOUR TIMES as much GDP/BTU as we do.  (6-8x that of China)

Dec 28, 2010 7:17 PM

7.62 + fire - all of that = dead

Dec 28, 2010 7:28 PM

the big 30s crash was bonds going down with stocks...I think they led to some degree.

Dec 28, 2011 11:44 AM

Iran did OJ's wife too

Dec 28, 2011 11:46 AM

you bitches are going to soon have to make a choice between your affiliations.  Ron Paul has SAID from his own mouth "hate facts."

These just haven't come out yet, these are the big DATS RAYCISS guns and they are awaiting deployment when the time is right.  So at that point you are going to have to choose between your mental 3rd rail and RP.

I believe that your conditioning is so deep in this particular issue that your heads may explode

Dec 28, 2011 12:03 AM

WRONG.

Growth HAS STOPPED.

I don't know what it will take to get you ostrichlike fools to accept what the symptoms are telling you.

It's ALL OVER, everything you know is at an end.  Life as we know it is over until and unless we find a new growable energy supply (like fusion).

Period.  Stop fighting the truth.  I marvel that people who can come far enough to see that the financial system is a scam cannot go beyond that to accept that the whole entire GROWTH system was inevitably going to peak and inflect.  it HAD to happen.  Now is just when it DID happen.

Dec 28, 2011 12:04 AM

they have no fucking clue.  None.

Most of the people HERE don't know what the fuck to do or even why any of this has happened.

Dec 28, 2011 12:06 AM

no. It won't.

You found their mental 3rd rails.  And they will avoid that shit like the plague, just as ZH "freethinkers" do on a variety of subjects simply JUST TOO SCARY to think about.

Dec 28, 2011 12:12 AM

yeah they are...this is how elections still matter.  Without people pulling levers like they are TOLD TO, they can't get elected and the veneer of legitimacy comes right the fuck off of their con.

we actually still could vote out these motherfuckers as surely as several countries have tossed out actual DICTATORS in the past year.

notice how white people are pulling the RACE CARD on him.  CASE IN POINT, you fucking BITCHES.

Half the RP supporters IN HERE do that shit ALL THE TIME.  RP's newsletter spoke the TRUTH; he spoke the truth.  And his supporters simply will mentally IMPLODE rather than admit that.

They are calling him a racist for speaking the SAME TYPE of "hate facts" that I do...and calling him that in the SAME WAY that Gingrich is.  So, IOW, a lot of ZHers are the equivalent of NEWT GINGRICH.

Dec 28, 2011 12:22 AM

They have dropped the price of credit to 0.

There are no takers...what does this say about the DEMAND for credit?

Pssst, don't tell it to all the "savers" who think their entitled 5% comes magically as a result of money's existence.

Dec 28, 2011 4:16 PM

ah silverbugz...they love getting blowtorched repeatedly

Dec 28, 2011 4:18 PM

this price IS the price.  Get it through your head.

Gold's going down is not part of some conspiracy.  Silver's massive price drop was not part of some conspiracy to make fools of silverbugz and make tmosely-claven appear to be a retard.

If it's being paper shorted, eventually, those shorts will unwind.  So just chill out if you think this is a temporary intervention.

The reality is that as industrial activity collapses, demand for things like silver will collapse, and along with that, the price of silver.

Dec 28, 2011 4:20 PM

they are printing the coupon...I have been saying that for years

Dec 28, 2011 4:24 PM

hyperdeflation will vaporize the entire financial system, including the Fed.  The FRN will cease to exist.

At some point, NOBODY is going to care about liquidating anything to make the payments on a system in obvious implosion.  This is the tipping point.  Hyperinflation has a similar tipping point, where nobody wants to hold the paper.  In hyperdeflation, nobody will want to hold paper either because that paper will default in 5 minutes like all other paper.

Only real things will be worth anything at that point, just as "homeowners" and "banks" pretend that mortgages that defaulted 2 years ago are still current.  The homeowners still live there and the banks still pretend to get paid.

 

Dec 28, 2011 4:25 PM

baby boomers are retiring...there SHOULD be stock outflows.

Funny how they hit retirement square into the face of peak oil...LOL

Dec 29, 2010 1:08 PM

generally true, although Cantarell would refute half of the 2nd assertion.

It's very important for people to realize the peak behavior of NG.  NG wells really do fall of a fucking cliff post-peak.

These days in oil, though, and this is something the cornucopian idiots don't get, we have all that miraculous technology going into sucking the oil out faster in order to maintain the growth rate of the oil supply.

If you drew fields down over longer periods of time, you'd have lower production rates but longer lifespans.  If you try to pull all the oil out in a short period of time you have high production and a cliff at the other side of peak.

Dec 29, 2010 1:10 PM

for the TRILLIONTH TIME, it is NOT ABOUT RESERVES, it is about RATE OF PRODUCTION and its shadow, EROI

Dec 29, 2010 1:13 PM

because their IQs are well below 100 on average?

Dec 29, 2010 1:14 PM

take it up with IEA, moron.

gold peaked in 2001, retard.  As you were saying?

Also, oil production declines will mean less mining going forward.

Please, again, STFU

Dec 29, 2010 1:17 PM

Wrong.  It implies that you are stupid and should STFU

Dec 29, 2010 1:19 AM

thank goodness for Joubini, otherwise, I'd have had NO CLUE about this double dip.  Truly, he is a sage.  Oh, no, wait, he's captain fuckin obvious

Dec 29, 2010 1:21 PM

god damn you're a polyanna.  You forgot the unicorns.  gotta have unicorns

Dec 29, 2010 1:27 PM

Wow...just wow.

Ladies and gents, here we have a retard who believes that production can grow FOREVER.

Listen, you stupid ass, if you DO NOT believe that production can grow FOREVER to INFINITY, then YOU TOO BELIEVE IN PEAK OIL. 

 

BTW, do you even READ the fuckin links you cite?  The VERY FIRST ONE talks about DECLINE RATES of production at producing fields!  Stupidity like yours should be on display at some kind of stupidity museum; it's really noteworthy.

Dec 29, 2010 1:31 AM

what the FUCK do RESERVES have to do with PRODUCTION?

Answer?  NOTHING.

ALL RESERVES ARE NOT EQUAL.

Tupi, despite being a massive field, is expected to produce AT MOST 500kbpd.

Carioca is an enormous field...what's its production rate gonna be?  ZERO.

POSSIBLY, unicorns will start shitting skittles TOMORROW!  Possibly, your IQ exceeds room temperature.  Possibly, I will be the King of England.

PS, STFU

Dec 29, 2010 1:36 AM

This is easy...and I've explained this shit a billion times.

RESERVES DO NOT IMPLY RATE OF PRODUCTION.

Peak is when PRODUCTION peaks, NOT WHEN RESERVES PEAK.  I knew right off the bat in your FIRST article when they mentioned Tupi's reserves but NEVER its expected flow rate.

Morons confuse reserves with production from those reserves because they don't understand SHIT about oil production.

Like I said, man, you need to get educated.  Don't come onto oil threads and post this nonsense.  The authors of these articles do not know a fucking thing about oil!  These things are an embarrassing joke.

Even someone with a CURSORY knowledge of this subject would not make such elementary errors.

If you're really interested in not embarrassing yourself, go over to theoildrum.com and stop wasting time posting the same shit that got laughed at last week and the week before that and the week before that.  What is amazing is that you think that the stuff you're posting is somehow new or hasn't been beaten to death already; like you have a revelation for us all.

Dec 29, 2010 1:44 AM

Jesus Christ man, could you be any more fuckin stupid?

The US peaked, moron.  Even with all the technological advances of the last 40 years, peak happened, and nothing reversed it.  It happened when Hubbert predicted it would.

54/65 oil producing nations have peaked and declined.

Who gives a fuck how deep the oil is, idiot?  All that matters is the rate of production which is inarguably LOWER from these deepwater fields than from equivalent URR in surface deposits.  They peak faster then decline steeper.

Look, it's a total waste of time to try to get through to you idjits, which is why I don't bother doing anything other than insulting you anymore.  You show up here, a new one of you, on every oil thread and post the same shit as if it's some kind of fucking revelation.

You do realize that when you claim oil will never peak, that you are claiming that production can grow forever, right?

No, of course you don't...

The IEA already conceded that C&C peaked in 2006, you fucking ignoramus.  GFD, pull your head out of your ass

Dec 29, 2010 1:46 AM

Jeezus christ, you are an idiot.

Look at the cost metrics of tarsands or deepwater fields, you moron, or compare EROI at a basic level.

In the meantime, STFU

Dec 29, 2010 12:00 AM

forex doesn't fix supply and demand

Dec 29, 2010 12:07 AM

it's amazing you aren't a billionaire with all this revolution paradiggum changing stuff you come up with

Dec 29, 2010 12:15 AM

this makes no sense.

If the hosts were all dead, how do the parasites collect rent?  These fucking pussies would have to go work to create their own food, dig up their own oil, and wash their own Bentleys.

The elite isn't all powerful; there were several massive purges of aristocracy and banker clans just in the past century in lots of countries.  Hell, Putin just turned out his oligarchs not even 20 years ago

Dec 29, 2010 12:17 AM

is your middle name "stupid"?

Dec 29, 2010 12:30 AM

maybe not to our knowledge, but there was some info in Twilight that documented employment of tertiary extraction measures at Ghawar.

The extraction measures didn't cause Cantarell's collapse; what caused it was that when the oil basically ran out, it ran the hell out right away.

More aggressive technology allows the extraction of oil at higher rates, meaning the things really run dry faster and more abruptly.  Think about sucking fluid out of a sponge or bucket.  The better you get at it, the higher your flow but the quicker and more suddenly flow takes a dirtnap.

At any rate, I do not recall mentioning any Saudi fields in my post.  If you look at deepwater fields, which represent the bulk of production growth lately, you'll see much quicker average time-to-peak, and steeper decline-after-peak than conventional fields.  This, plus the employment of secondary extraction measures at the outset (since the 70s), may make the downside of the peak curve steeper than forecast, which is like a really bad fucking situation

Dec 29, 2010 12:43 AM

These articles you cited are laughable junk.

Please, just STFU before you embarrass yourself any further.  I mean this in all seriousness. 

Dec 29, 2010 12:43 PM

Sigh...do you understand that "cutting back" is a synonym for economic recession?

Why don't you idiots just STFU?  Nobody is driving and everyone is out of work...lol, isn't that "doom"?

Dec 29, 2010 12:50 PM

hahahahahaha...you don't get it, do you?

If supply falls, it doesn't matter what demand is, nor what price is.  Supply is what's out there.

The price has to reflect a balancing of supply and demand.  Demand destruction in the aggregate means shrinking economies.

At least until we discover your magical energy elixir that will return us to Happy Motoring

Dec 29, 2010 12:53 PM

A) is what I tried to get idiots on TF to understand.

So demand craters...SO IS SUPPLY.  In a climate of declining supply, consumption MUST drop too!

And that means smaller economies, permanently.

Because a drop in price due to a demand crater is not going to cause supply to grow again.  Maybe there will be a rebound, both in consumption and price, but it only puts you back up to the overhead supply curve which is still declining.

Dec 29, 2010 12:56 PM

wow you are stupid.

Why don't we just off YOU?

Dec 29, 2010 4:31 PM

just fucking amazing...the way you throw "global warming" and environuts out there as if that has ANYTHING to do with peak oil.  Just...incredible.

I've already MADE the cites, probably the 20th idiot ago.  I have no more time for anymore idiots like you.

CERA is trash and their forecasts are bunk.  WE DIDN'T HIT 91MBPD in 2007, you fucking MORON.

Dec 29, 2010 4:39 PM

people...should HAVE known better.  Or, the contraction "should've"

Dec 29, 2010 4:43 PM

I do...it's because people are stupid.

Dec 29, 2010 6:20 PM

I dunno...I gotta say in an apocalypse he looks tastier than a wild boar.  His wife doesn't have much meat on her but she can do the manual labor like all the rest of the infertile females

Dec 29, 2010 6:29 PM

WTF?  Corporate cash isn't for investment or hiring people, it's for paying fucking executives their bonuses.  That's what corporations EXIST for.

Everything is secondary to getting executives their bonuses, even the viability of the business.  Bankruptcy?  WTFever, just PAY ME my fuckin bonus.  Retain that talent, like AIG, LEH, GM, fuckin pretty much everyone.

Shit, company's in Ch 11?  Pay needs to GO UP.

Dec 29, 2010 7:32 PM

I have a miner in ecuador that has been lagging...needs to get the lead out and for Black to be right

Dec 29, 2010 8:05 PM

I'll be too busy out looting to worry about reading stupid novels.

Dec 29, 2010 8:27 PM

couple zanies or any benzo and a plastic bag with a rubber band will do the trick and that way you avoid embarrassment when the hotties at the party grab the wrong bottle and end up floating in your jacuzzi

Dec 29, 2011 10:11 PM

Newer designs have passive safety features.

if there is such a solar storm FAR MORE people will die as planes fall out of the sky than from nuclear material

Dec 29, 2011 10:13 PM

no; they really weren't a big deal compared to the other issues.

Meltdowns are just when core materials melt. 

Dec 29, 2011 10:15 PM

of course I read your post, don't assume that I am specifically replying to you as opposed to the theme in general.

Without a solution to the waste problem, no NPPs can be built, until we get magic Gen 4 that can burn waste and generates stuff only radioactive for a few hundred years lol

Dec 29, 2011 10:25 PM

ok, I should have caveated, nobody in the WEST.  Yes, Areva is standing up some capacity in their modern gen 3, EPR or something.

However, on the flipside, even in Taiwan you see there are people seriously talking about shelving ALL NPPs without any alternative.  Germany did the same thing.

It's ridiculous.  The US depends upon reactors built ALL in excess of 30 years ago, for 20% of electricity or thereabouts.

Dec 29, 2011 10:26 PM

there aren't any real non-depletable power sources on the scale our expansion has required

Dec 29, 2011 10:29 PM

but can these drones launch HellFire missiles?

Dec 29, 2011 10:30 PM

homemade heat seekers?  Seriously, to drop a military drone, without a missile or haxxoring the thing, you've not got much of a chance.

Dec 29, 2011 10:33 PM

how long before some "collateral damage" is racked up by cops firing guns into the air at these things?

Dec 29, 2011 10:37 PM

yes, they really do hate us for our freedoms.

What is funny is how they do NOT hate all these countries across the globe with pretty similar freedoms.  In fact, from day to day, I can't really see how we have more freedom than somewhere in South America.

Maybe the narrative myth needs retuning.  Yeah, sure we have this document that SAYS we're supposed to have far more freedom than we actually seem to get.  The document is pretty clear on a vast scope of "Shall not infringe" language that is continually infringed.  I wonder wtf we are actually so free to do here.

In the 3rd world, you basically get left the fuck alone most of the time.  The government isn't trying to act like your mom.

We ostensibly have freedom to assemble, speak, due process, right to trial, etc., but in a practical sense, all of these have been greatly curtailed by the government.  De Facto, we're less free than a lot of places that lack constitutions like we have.

Dec 29, 2011 10:52 PM

75% of world debt, bitchez

Dec 29, 2011 11:16 PM

once NG and coal peak (and they HAVE in various countries, wells/mines, and fields), we'll just ramp up production of unicorn farts.

And as if we can burn increasing amounts of coal with no environmental consequences...lol

Dec 29, 2011 11:19 PM

dude, the oil industry didn't ADDICT people to eating as many calories now on average as Roman Emperors.

People CHOSE oil because it is a superior project...liquid energy.  Oil IS the "free energy" that everyone thinks is out there waiting to be exploited.  It's precisely how we were able to work magic over the past 150 years.

Our population went vertical and we can actually fucking FLY now.  Think about this on a deeper level, the advent of the machine age.  Life is more different now from 200 years ago BY FAR than things were in the previous 1, 2, 3, 5 thousand years.

Dec 29, 2011 11:20 PM

wtf, you think ASPIRING to be rich people is why people work?  WTF kinda idiocy is this?

Dec 29, 2011 3:42 PM

I got no clue, and neither do their candidates, who seem to think they can have power without having power plants.

So if they are going to BOTH reduce nuclear power AND cut CO2 emissions, where the fuck EXACTLY are they gonna get electricity from?

There is no fundamental problem with Mark 1 BWR that poses any great risk.  The problem with NPP is always the same- decades worth of cores are sitting uncontained in swimming pools.  This is true be they the latest CANDU or APWR, or the most ancient Mark 1 BWR.

Fukushima should have at least taught the necessity of H2 venting, and having shore power present within 6 hours of scram.  Either way, the catastrophe at Fukushima is from the SFPs, not the reactors.  Had those ponds been empty, this would have been a serious disaster but nowhere NEAR the scale it turned out to be.

Dec 29, 2011 3:46 PM

I want you people to sit back and contemplate how MINOR Fukushima would have been had it NOT been for the 50 years' worth of spent core material sitting in uncontained swimming pools.

Even Gundersen maintains that the big boom was caused by a prompt criticality in a SFP. 

The problem with NP is NOT the reactor design...although the Mark 1 has some definite safety flaws, these were not what the great risk was.  If you decomission a BWR, STILL wtf do you do with the spent fuel!?!?

Fukushima in the event of coolant loss has the same issues with hydrogen and explosions and release of core materials because they'd STILL have been in those pools.  If Japan built a brand-new APWR on the site, they would STILL HAVE the SAME issues with spent fuel to deal with (although some of the newer reactor designs can partially reprocess and burn this stuff)

Dec 29, 2011 3:47 PM

JFC I hope you were being sarcastic here; if not, you are an idiot.

Dec 29, 2011 3:48 PM

Fukushima was preventable.

Perhaps you should go and live in the DARK, bitch

Dec 29, 2011 3:52 PM

yes, some of the most recent reactor designs are proliferation-proof and can consume spent fuel to reduce its toxicity.

Nobody is building them due to immense capital cost and there's STILL NOWHERE to put any spent rods or any waste of any kind.

The PROMISE going in was that this waste situation would be sorted out.  As it HASN'T been, no real new development can be done.  Even a decom...where do you send the radioactive parts?

Dec 29, 2011 4:23 PM

silverbugz losing even more of their life's savings after "generational buy with both fists" alerts issued by ZH pumper shills when the price was at 32

Dec 29, 2011 8:27 AM

Idiotic.

As is the claim that Iran's youth willingness to sacrifice their lives will frighten an opponent.  Recall Patton's comment on this.

Dec 3, 2010 1:32 PM

PUT HIM IN THE IRON MAIDEN

Dec 3, 2010 1:33 PM

B. Sachs throwin a little curve to the PD piggies?

Dec 3, 2010 1:45 AM

you can either trust your conditioning or your lyin eyes

Dec 3, 2010 1:47 AM

refresh my memory...who controls the media by and large?

Dec 3, 2010 1:49 AM

tribe first, nationality is irrelevant

Dec 3, 2010 10:35 PM

Bang da hoe, bitchez

Dec 3, 2010 10:37 AM

yeah, that's likely to happen.

The last UE bulge was narrowed down by the creation of the housing bubble.  The previous one by the .com bubble.

So basically we need another irrational bubble that blows skyhigh and then crashes, destroying our economy in order to get out of the LAST time we did the same thing.

Dec 3, 2010 11:05 AM

Fraud-Dank is toothless.  they have no intention of going after the only players in the market.

NYSE is broke without these fees

Dec 3, 2010 11:10 AM

lol...i paid 285 for some maples in 2000.  Damn near bottom-ticked that, 6.52/ for Ag ASEs and some Pt at 504.  Then the ex wife took it during the divorce, probably fkin pawned it for .80 on the $

Dec 3, 2010 11:13 AM

you take what supply you can and roll the cash plus premium.

When nickel shorts on LME went into default a few years ago, LME forced longs to lease the nickel to the shorts.  Basically they cash-settled the whole thing out.  That's what COMEX will do.

It is not INTENDED as a place to actually buy the metals that are traded.  Maybe that was some obsolete historical purpose of a futures market, but no more.  If you really want a gazillion ounces, you have to negotiate with a miner or a government.  Going long x contracts on NYMEX won't cut it.

Dec 3, 2010 2:02 AM

Whatever you say, Gen.

Sure, prices will fall below the energy cost of production...right; and the notes of a bankrupt state will become more worthful

Dec 3, 2010 5:57 PM

the inverted H&S is right there in plain sight for anyone to see, and it confirmed

Dec 3, 2010 5:59 PM

she's tasty but no hips...who the fuck is she, besides "trouble"?

Dec 3, 2010 6:06 PM

there's your debt bubble right there - UK, Germany, and France.  All those "assets" are debts owed by the littler fish.

The move on Spain will probably be to acquire Spain's rental properties in the Western Hemisphere, i.e., South America.  The properties they rent to the populations there.

Germany and France are precious, and so is the UK; they actually expect pounds of flesh as repayment for all this bullshit credit they created.

Dec 3, 2010 6:12 PM

why the fuck is it perfectly reasonable for banks to expect repayment of capital they never actually possessed, but lent anyway?

Dec 3, 2010 6:13 PM

tm, so close..."mainly" on the plain

Dec 3, 2010 6:15 PM

WTF?  If someone doesn't report to work for no reason, including a strike, they can be fired.

Unions put the cost and difficulty of hiring new works against the risk of getting fired for a strike.  There used to be picket lines that scabs might get beat down crossing, as well.

If employees don't like it, they should strike.  If mgmt can fire them all, then mgmt's decision.  Mgmt knows that getting new workers in might be more expensive than capitulating.

This is what a negotiation is, and is an EMINENT free market principle.

Dec 3, 2010 6:18 PM

WTF?  There is only ONE way to strike and that's for every worker to walk off in unison and surround the facility so that scabs have trouble getting in.

Are you eurotrash or something, like a union and this whole strike business is just something to do as a ritual?

No.  Striking is pitting the cost of replacing you against the cost of giving into your demands.  Striking to "protest" shit that hasn't happened yet, ok...I mean that's a bit out there, and must be evidence of how eurotrash regard working or not working as some kind of lifestyle choice without any real consequences.

Dec 3, 2010 6:21 PM

JFC, how do I get this job?  About half of them appear to be making 270k euros or more.  That is insane money for this job

Dec 3, 2010 6:25 PM

fuckit, I will move there TOMORROW.  Just gimme a hot spanish chick and I will speak all the goddamned english they want for just the AVERAGE ATC salary

Dec 3, 2010 6:32 PM

euro down = dollar deflation...in EUROLAND.

The bernank GOT the deflation here under control; he's printing the coupon.  But there is so much more dollar debt all the hell where else.  The bernank is havin to send them the dollars to keep them from collapsing.

In fact, sourcing dollar debt is like creating an infection where eventually you guarantee the Bernank will have to print for you as your dollar debt deflates and threatens to crash dollar banks.

Accepting our inflation is the cost of dollar pegging.  The real question is how many euros are we getting out of this?  I want us to own the EU at some point.

Dec 3, 2010 9:30 AM

this is an old article, right?

They tried that and failed, then went to QE2

Dec 3, 2010 9:43 AM

just try to ignore it...what we're up against isn't a monetary phenomenon

Dec 3, 2010 9:47 AM

Gold H&S looks violated...long at will

Dec 3, 2010 9:49 AM

don't want to hear about "more revenue" while we are appropriating money in Fraud-Dank for SEC to have a "women and minorities" office of some kind.  This silly obsession with "diversity" has to stop; it's suicidal.

Dec 3, 2011 1:35 AM

yes, because we can establish trends with only ONE datapoint.

Halle can't act, so what if she's decent looking, she's fuckin 3/4 white

Dec 3, 2011 1:37 AM

lolwat?  particular TYPES of immigrants, perhaps.  But not all immigrants.

Dec 3, 2011 1:38 AM

but myspace wasn't

Dec 3, 2011 1:40 AM

on what basis do you conclude that my statements are racist and idiotic?

because the MSM told you so?  Wait, no, the TV tells the mindless to believe the opposite of what I am saying.  Do you grasp the contradiction inherent in your hypothesis here yet?

Dec 3, 2011 1:42 AM

desert nomad war tribe got them too...Rothschild Bank of England

Dec 3, 2011 1:44 AM

which is why their standard of living is 1000x higher than africa with the homogenous cluster of supersmart cool black people.

Dec 3, 2011 1:45 AM

what education gap, the one between the haves and have nots?  or between asians and blacks?

Dec 3, 2011 1:47 AM

GMAC should claim "sovereign immunity" or "supremacy clause" to get these suits thrown out.  Because they have merged with the fucking Treasury already

Dec 3, 2011 10:02 AM

um...Bell Curve was not debunked.  Unless by debunked, you mean agreed with by every psychometric study ever done. 

Black SAT scores from $70k families are lower than the poorest whites. 

Dec 3, 2011 10:05 AM

diversity accomplishes NONE of the things that it is credited for by the MSM.

In fact it is more accurate to say that the OPPOSITE is true.  EVERY SINGLE STUDY of diversity versus homogeneity shows that diversity leads to strife and trouble.

But that's not the MSM's meme.  In fact, it's gotten so insane that the black studies dept. at one of these recent racial incident colleges where someone wrote "colored only" on a drinking fountain (no showing as to race of perp) claimed that WHITES benefitted from diversity through access to blacks.  Having blacks bused in who couldn't read and were violent improved their education....right.  With a straight face they said that whites were the ones who got the benefit of desegregation.

 

Dec 3, 2011 10:08 AM

you're talking shit from 150 years ago?

how the fuck did the Irish who came here in the aftermath of the Famine manage?  How about every other ethnic group?

Poor whites and blacks already have opportunity.  Idiot, we bend over BACKWARDS to give blacks EVERY advantage.  Whether it is racial set-asides, welfare/TANF, affirmative action, what the hell planet are you on where you think they don't have opportunity?  If you can fucking READ and are black you basically have your ticket punched.  Look at fucking OBAMA.

JFC we have a BLACK fucking President and you are still acting as if it is 1850 because blacks are STILL testing -140 SAT points to whites?  There's only one PLAUSIBLE conclusion to these sets of facts, dude.  And it's sitting on your mental 3rd rail.

Dec 3, 2011 10:14 AM

yes and they do transracial adoptions studies.

The MSMbugs don't know anything about these, because, well...they never appeared on the MSM.  They have situations where kids are adopted by parents of other races, and they can do average IQ studies against mixed-race kids, full-raced, etc., comparing to adopted siblings.

These show biology dominates.  And, what's more, mixed race kids tend to an AVERAGE of their parent populations.  Right split down the fuckin middle.  Even kids who thought they had 2 black parents tended toward the biological reality.

But, again, this is all crap because the MSM doesn't spout it.  They spout that there is no such thing as race; I hear that all the time on TV, that diversity is good, and that anyone who doesn't agree is a RAYCISS.

I side with the MSM because, as we know, they CONSTANTLY TELL THE TRUTH about everything.  And even if you show me that they are LYING and PROPAGANDIZING on EVERYTHING ELSE, in this one particular meme, they simply MUST be telling the truth.

Dec 3, 2011 10:18 AM

2 fucking people? 

So your ANSWER for why africa is so fucked up is that it's WHITEY's fault?  BWAHAHAHAHAHAHAHA

So PRIOR to intermixing, whose fault was it then?  Before whitey sailed to africa and found people living in huts and lacking things like writing and the wheel...who is to blame?

Whitey must be awful goddamned powerful to be able to control the black man's brain like that with his remote control make 'em fight technology.

Also, I find it curious that the indigenous peoples never regarded those "resources" miles down in the earth as at all useful.  I mean, certainly not useful enough to have DEVELOPED THEMSELVES.

Dec 3, 2011 10:21 AM

wow, this is an absolute CORNUCOPIA of logical fallacy.

You beg the question right out of the gate, MORON, when you ASSERT that race is EQUAL to skin color and no more, then try to use this to circularly prove your conclusion.

That's the POINT, RETARD...race is much MORE than skin color.  Albino africans do as well as colored africans.  That is because skin color is but ONE superficial component of race.

As far as whites being at the top...they're NOT.  This is another thing you made up.  East asians outaverage whites.

You think government intrusiveness is the result of asian prosperity differentials?  LOL.

DEMONSTRATE that with some evidence. Why don't you show us a plot comparing intrusiveness to prosperity? 

You are one of the world's TRUE DUMBSHITS.

Dec 3, 2011 10:24 AM

who spent it here?

WE DID.  WHY THE FUCK is it OUR responsibility to spend money on developing AFRICA?  Why can't AFRICANS DEVELOP AFRICA?

Nigeria takes an ASSLOAD of oil money.  Shell no more raped them than they did Saudi Arabia or any of a number of OTHER major oil producers.

The bottom line is that Africa's only value to Africans was a place to stand, sleep, and shit on.  Only WHITEY saw the "resources" that you claim were stolen.  Whitey has since OPPRESSED the fuck out of Africa with his electric power, refrigeration, and modern medicine. 

Africans had no use whatsoever for oil before whitey.

Dec 3, 2011 10:31 AM

"Funny, 4th generation Africans in Britain and Europe seem to be doing well enough, or as well as you can expect from Eurotrash."

If by well you mean underperforming much poorer white kids on standardized tests, then you are correct.

Blacks in families earning more than $70k trail whites from families earning less than $10k.

The B/W SAT gap is 140 in the US and any test they do in Europe or the UK will show the same disparity.

oh, and the blacks in the UK dramatically overcommit crime there as well.  And in France.  And in everywhere. 

 

 

Dec 3, 2011 10:34 AM

good riddance to a mudshark

Dec 3, 2011 11:57 PM

well, we are kinda waging a war in Pukistan...I mean we send in military assets and conduct attacks on their sovereign territory.  This shit doesn't sell well

Dec 3, 2011 12:16 AM

and when you have your dipshit race equality theories, you see what that leads you to?

We're not filthy fucking arabs over here, ok?

Dec 3, 2011 12:21 PM

they might not be, but you sure as shit are

Dec 3, 2011 12:23 PM

well, not exactly...this is the history written in books published by desert nomad war tribe owned publishing companies.

The more I think about it, the more I'm left to suspect that they might have a bias toward self-serving renditions of events.

Dec 3, 2011 12:28 PM

gee, so race matters?

the 2nd paragraph wasn't a claim I ever made.

Dec 3, 2011 12:34 PM

jesus fucking christ you are stupid.

Population and scale matters now because NOrway has a relatively insignificant amount of minorities.  I'm really surprised that you weren't smart enough to figure that out.

Yes, the 150% increase of Africans from a tiny amount to a less tiny amount had no effect on Norway's rising per-capita GDP.  Well, ok, it had a small negative effect.

"Lots"?  "Just fine"?  LOL.  Talk about muddy headed bullshit, just like your "OVER 9000!!!!!!!" statement of increase in africans in Norway.

See, over 9000 is meaningless...it's just a number.  That's why I mocked you with it.  It's something which sounds very grandiose but is utterly meaningless, like the tripe you write.

If you can't figure out why the comparison of norway's small population of african RELATIVE to the larger population is NOT relevant to the comparison of Iceland to the USA (hint: Iceland is not IN the USA), then you are just a fuckin moron and that's the long and the short of it

Dec 3, 2011 2:48 PM

we'll add "ability to read for comprehension" to your list of to-do's.

I never attributed "over 9000" to you; I said I mocked you with it.

Dec 3, 2011 2:53 PM

WTF?

DUDE, you're a FOOL.

Let's take the most obvious case, South Africa or Rhodesia.  Is life BETTER for blacks in the ABSENCE of whitey?  Sure!  They don't have the oppression of electric power, refrigeration, consumer electronics, or modern medicine.  They have the freedom of all-out economic collapse, starvation, and famine!

How AWESOMELY they live without the oppression of the colonists! 

Your entire viewpoint is warped beyond belief.  It's as if white men never invented ANYTHING...they just used slavery to come up with the lightbulb and airplane and internal combustion engine.

Retards like you, bellycrawling liberal pieces of mudshark filth, are the lowest form of life.

Dec 3, 2011 2:57 PM

Neandarthals weren't primitives.  You watch too many geico commercials.  Neandarthal DNA is in whites but not blacks.  This is a recently-disclosed scientific fact.

The dark ages?  Huh?  WTF does 1000 years ago have to do with now?  All because Rome fell and everyone moved to Constantinople?

The rest of it, go fuck yourself.  I'm not bitter at all over race; I like fucking black chicks as much as the next guy.  "No one is going to be racist if they can't get laid."  WTF does this shit mean?

You are so effing stupid as to be barely worth responding to...do you even know where the fuck the term "racist" comes from and who it applies to?  NOBODY ELSE besides dipshit liberal bellycrawling whites like you GIVES A SHIT about it, nor ever calls someone from their race a racist.  EVER.

So, in reality what is going to happen is eventually all of YOU will have future convict mulatto bastard grandkids and your mudsharking bloodlines will be extinguished.  Good riddance.

Dec 3, 2011 2:58 PM

WHO THE FUCK TOLD YOU IT WAS OK for you to use RACIST EPITHETS, you fucking PIECE of shit?

it's not, you motherfucking nazi scumbag

Dec 3, 2011 3:02 PM

jesus fuckin christ you are stupid.

So, you AGREE WITH EVERYTHING we say now?

Because I wasn't discussing INDIVIDUALS, you fucking CRETIN.  It was a discussion of population dynamics.

I treat every individual as an individual.  A general case is not a specific case.  People like YOU are too fucking stupid to be able to have these two statements in your head at once.

The general case makes a predictive statement about the specific, no more and no less.  I know you binary outcome retards can't seem to grasp anything beyond a dog's understanding of "good" and the opposite "bad."

Dec 3, 2011 3:03 PM

the problem here seriously is that YOU cannot figure out when I say that blacks have lower average IQ than whites that I AM NOT SAYING that "all blacks have lower IQ than all whites."

Your bringing up of ONE exception and attempting to invalidate the rule is a classic fallacy.  Don't do it again.

Dec 3, 2011 3:06 PM

What the fuck does ANCIENT HISTORY have to do with NOW?

Populations can diverge in as little as 500 years.  You've got young kids and you are NOT a sociologist? 

Go examine the work of SOCIOLOGISTS instead of pretending like you are doing rigorous research,  JFC.  You're gonna tell me something about the movement of the stars now because you looked up once or twice?

Dec 3, 2011 3:09 PM

are you a frickin idiot?

DON'T ARGUE WITH ME IF YOU DO NOT KNOW THE NATURE OF THE STUDIES, OK?

Because you are talking out of your ass with this "role model shit."  It's NOT APPLICABLE to this study, dood, and if you bothered to DO THE RESEARCH, you would know why I am being so abrasive.

Hollywood glorifies blacks...they don't put out black stars because people don't WANT TO SEE THEM.  People vote with their wallets and blackness is not saleable.  It's not beautiful, it's not naturally cool.

Even blacks want whites...there is an evolutionary biological reason for this.

I do talk about trailer trash...whites have lower average IQs than east asians.  However, these rednecks are still smarter than all but exceptional blacks - FACT.

Here we go with illuminati shit...STFU man.  Jay Z and Tupac...wtf.  where do you come up with this paranoid nonsense?

Dec 3, 2011 3:11 PM

the USSR was far beyond socialism.  You cannot compare that to Scandinavia and you prove yourself to be a complete RETARD by trying to do so.

Your monomania for anarchism is borne from your desire to lord your silver over people who starve.

Dec 3, 2011 3:12 PM

yes, I agree with this to some extent.  But what about Sweden and Finland and Denmark and Iceland.

Just accept it, ok?

Dec 3, 2011 3:13 PM

I'm a motherfuckin space alien, bitchez

Dec 3, 2011 3:16 PM

no; white slaves behave much better than blacks.

And dirt poor white trash still outscore middle class and even rich blacks on SATs.

The rest of this ancient history shit I ain't even gonna read.  Including the part where you call me a "socialist" HAHAHAHAHAHA...another meaningless word.  Rayciss...Socialisssss, wtf u gonna come up with next, you frickin faggot

Dec 3, 2011 3:18 PM

Do you understand how natural selection works, you IDIOT?

Sorry, yes, I already know the answer to that question.

At any rate, the germanic tribes were substantiall more advanced than you give them credit for, as were the norse.  They actually had mechanical devices, the wheel, and the written word, unlike africans, and unlike mesoamericans.

Put that ancient history in your bong and smoke it, fagboy

Dec 3, 2011 3:19 PM

do I need my own Q&A website with live chat?  WTF, I can't keep up with all of you people.

All crime is not the same; fraud is qualitatively different from robbery

Dec 3, 2011 3:24 PM

go fuckin read that link to Watson's statements about race/IQ/Africans.

there are only like, dunno...50 fucking THOUSAND transracial adoption studies.

Poor white kids?  They SCORE BETTER THAN RICH BLACKS.

For the life of me, I really do marvel at how people like you can be so fucking ignorant.  If I were confronted with a thesis I didn't believe, I would go out and google something like "sat black white income" just to see what popped up.  And when I did that I would start to see linked references to exactly these studies.  They're hiding in PLAIN SIGHT.

Perhaps I am the only fucking person on the planet who knows how to use a search engine properly?  Or are you so arrogant and afflicted with Downing that you figured that if this shit were true you'd have known it?  I have some good news and bad news for you man.  First, the bad news, you're nowhere NEAR as smart or knowledgeable as you think yourself to be.  The good news, the latter half of that is curable...you CAN get educated.

Appeal to authority is when you appeal to someone who has no authority on the subject but who is authority elsewhere.  Like EINSTEIN says I should get up early and go to bed early. 

I honestly crack up that you think you can even tread water in an argument with me, man...LOL

Dec 3, 2011 3:29 PM

wow, really?

Fuck, I had NO IDEA that they made those africans dig down 13000 feet to get at some of that gold. 

Also, no clue that those GIGANTIC PIT MINES in RSA were all dug out by African slaves.  Those mines and refineries really looked machine worked and whatnot man, like industrial mines.  And I saw a show on Modern Marvels about the history of open pit mining in the Bushveld and fuck I could SWEAR I was seeing machinery there, not a white guy with a whip and a bunch of africans digging.  I clearly recall large dumptrucks, dragline stuff, loaders, dynamite, etc.  I must have been hallucinating.  Thanks for setting me straight with your capsule summary of whiteness.

Dude...piece of advice.  Shut the fuck up.

Dec 3, 2011 3:31 PM

can you POSSIBLY make more logical fallacies in one post?  Are you going for the record?

Blacks do possess smaller brains on average.  This does not imply that none of them are intelligent.

If you actually think there is no difference in brain size, then you are insanely ignorant.  Seriously.  Might wanna try doing some RESEARCH before stating your opinion goin' forward dood.

Africa was NOT enslaved.  Slave labor was NEVER a factor.  Machinery does 1000000000x the labor of slaves.  Hell, even Irish do and they're cheaper.

Mining gold...you kinda understand this doesn't grow on bushes like cotton, right?  I mean, you have like turned on some stuff like Gold Rush and you understand that ore concentrations in .25 oz/ton of rock is considered spectacular...

Dec 3, 2011 3:35 PM

you are the stupidest fucking person I have ever met.  Thank you for this.

In the period before governments and writing, it was the fault of overbearing governments and lemme guess...socialism?

Africa's problem is lack of IQ and consequent lack of civilization. Period.  Not that their socialist governments during the middle ages were too oppressive and didn't protect fucking property rights.  THEY DIDN'T HAVE GOVERNMENTS or even what we whiteys would think of as SOCIETY.

That is the fucking PUNCHLINE of the portuguese "discovery."

do you EVEN GRASP that this notion of what YOU THINK OF as property rights is not some UNIVERSAL fucking HERITAGE?

I get your thesis now and I must say that it is perhaps the most idiotic thing I've ever heard.

Dec 3, 2011 3:36 PM

egypt wasn't black and I believe that it was a country, not a city.

Look man, if you cannot get the easy questions right, you have no business taking this test.  You're going to fail miserably.  Bow out and STFU and just watch.

there were no great civilizations in subsaharan africa.  The Mali empire is about it.

Dec 3, 2011 3:38 PM

if by debunked you mean that every single psychometric study has shown EXACTLY THE SAME THING, then yes, it has been debunked.

I think perhaps we have wildly different definitions of debunked here.  Assuming that you think debunked means what it actually means instead of "totally corroborated," i'd be interested to hear a couple of things, the first is how you could be so stupid as to think BC got debunked, and how stupid were the people who told you that.

Dec 3, 2011 3:42 PM

Poor people have lower IQ/SAT than rich...why wouldn't they?

Would you expect idiots to get rich and then have smart offspring?  That's not how natural selection works.

But while I'm up, poor whites outscore rich blacks.  This is a simple fact, one you can prove within 30 seconds of reading it.  Blacks are much more frequently poor and in prison.  they much more frequently commit crime than asians.  Stupid IS AS STUPID DOES.

There was no ghetto turnaround by the BP and no FBI/illuminati conspiracy to kill it.

Jimi Hendrix?  WTF?

There haven't been many important black scientists.  I can think of maybe one, Percy Julian.  Maybe there's one or two more but that's about it.

The rest of your shit...opportunity...FROM WHOM?  WHO GAVE THE WHITE MAN HIS OPPORTUNITY TO DO FUCKING ANYTHING?

You MAKE opportunities.  You're nothing but a hollow apologist for failure, dude.  STFU and get your ass educated, FFS

Dec 3, 2011 3:44 PM

Germany, Norway, Iceland, Finland, Sweden...IQ of whites there continues to climb.

Same as here...Flynn Effect.  IQs of the socialism inflicted populations HAVE GONE UP.

You confuse this with socioeconomic ranking, which doesn't surprise me, simply because you're a muthafuckin idiot.

Dec 3, 2011 3:45 PM

oh I get it now!

You are too stupid to understand that a TRUE generalization like men are taller than women on average DOES NOT MEAN that ALL men are taller than ALL women?

Got it. Henceforth I shall ignore everything you say because you are functionally retarded.

Dec 3, 2011 3:47 PM

Are you going for a new personal best of how many untrue statements you can pack into one post?

Dec 3, 2011 3:48 PM

am I now the person whose name cannot be mentioned?

Dec 3, 2011 3:50 PM

ah, the Massai.  Funny you should mention them.

You should hear what these peaceloving, in tune with nature, noble savages say about elephants now that they have decided to take up agriculture.

Something about they're useless and we should kill all of them.  There used to be really big animals in the Americas, btw.

Dec 3, 2011 6:06 PM

negroes appear to be handling that decree in this world already.

There's already an epidemic of racist violence by blacks

Dec 3, 2011 6:08 PM

useless excercise unless you do the same with the other countries

Dec 3, 2011 6:15 PM

to answer that you've got to ask how a financial collapse led the tribe into complete control of the entire nation.  This will require understanding where the term judenfotzen came from.

The original goal was merely expulsion and revestiture of Germany to the german people instead of foreign hands.  Ben-Gurion could have saved so many had he not played for a balfour at that time

Dec 3, 2011 6:21 PM

oh nooooooooooz

careful with all those awful big worded epithets, you might hurt my feelings sniff sniff

Dec 3, 2011 6:24 PM

so you're a dothead bent out of shape that whitey conquered you?  Gotcha.

 

Dec 3, 2011 6:27 PM

you don't appear to be able to discriminate between the specific and the general.  I must only assume that is because you are insufficiently intelligent to do so.

Bringing up "perfection" is a classic sign of strawman fallacy. 

Dec 3, 2011 6:35 PM

There haven't been that many black scientists OR inventors.

The only credible black invention is the super soaker, though I do believe that Percy Julian at DuPont was instrumental in synthesizing steroids.

You DO understand how a distribution curve looks right?

How is it POSSIBLE if MEN are TALLER THAN WOMEN, that a WOMAN could be taller than a man?

Note:  one is a GENERAL statement, which is true.  The other is a SPECIFIC statement, can also be true.

Exceptions DO NOT DISPROVE THE RULE, MORON.

Men are still taller on average than women!

As for the rest of it, do you own fucking research.  It took me all of 5 seconds to find the TRUTH of the disparity between white and black SAT scores across various income spectra.  Like i said, it's hiding in plain sight.

You have to be WILFULLY obtuse not to get it by now.

Dec 3, 2011 6:43 PM

the entire internet is out there waiting for you.

if you want books, IQ and the Wealth of Nations is a good place to start.  So is Bing or Google.

I'm not going to do your legwork for you.

If you are feeling sassy, HERE IS YOUR CHANCE to slay the dragon that is Trav7777.  Many have tried. 

See...it is enough that I say a thing.  You will learn as others before you have that I do not lie.  I don't need to cite my statements; I am not you.  I am the expert.  If I say it, it is true.  And I fucking CHALLENGE you to go out there, find some shit and prove me wrong.  Here's your chance to show me up bigtime, dood.

Do it.  Dare ya.

What's going to happen here, just so you know, is that you're going to run out with sound and fury and discover...that I am entirely correct and that no statement of fact I have averred has been false.  As I said, others, far smarter than you have tried this before.  This isn't my first time around the block in an open forum with people who are above the Yahoo! msg boards IQ level.

In fact, this is exactly how I win arguments.  I am not here to convince some imaginary audience that I am correct, I am here to convince you.  The ONLY WAY that will happen is for you to get pissed off enough to try to prove me wrong and you will stampede yourself right into my trap...which just happens to be the TRUTH and is where I want you to go.  Free your mind and the rest will follow

Dec 3, 2011 6:46 PM

stratification is worse in the 2nd world (obviously).

For example, Brazil has neighborhoods with HDIs on par with Scandinavia adjacent to those with HDIs on par with N. Africa.

Comparing us to European nations by subtracting out portions of our white population isn't particularly dispositive of anything.

Dec 3, 2011 8:33 PM

bbbut...bbbut...the ISM print was so hot the other day?!?!?!?

Dec 3, 2011 8:35 PM

nah, people will just start blaming "oil companies" and demanding that they GIVE them the gasoline they're "entitled to" at a "fair price."

Dec 3, 2011 9:29 AM

uh, just like a mule is stronger than a horse and donkey, huh?

Look, you really should avoid trying to make general applicability of things that maybe you think you heard somewhere.

Dec 3, 2011 9:34 AM

Norway's african immigration grew by 150%???  WOW, that's OVER 9000!!!!

You couldn't have tried harder to make a post-hoc ergo prompter hoc fallacy.  See, the difference is that I am CORRECTLY attributing an effect to a cause.

if African immigration to Norway continues, they will destroy Norway.  As inevitably as night follows day.  You, yourself, can bear witness to it.

Dec 3, 2011 9:37 AM

even better is the USA...where there were something like 30,000 black man/white woman rapes, and statistically...wait for it...ZERO of white men/black women.

Basically, from a raw numbers perspective that meant in an entire year, between 0 and 10 black women would have reported being raped by the evil white man, who is CONSTANTLY raping black women on television.

You wanna see what crime looks like, watch First 48...until the PC monkeys ban it

Dec 3, 2011 9:42 AM

I don't countenance racist speech like that, Adolf.

The government is what it is because of female and minority voting.  Nevermind the overdiversity IN the government itself.

It's funny how you fucking retards can't seem to figure out how socialism WORKS in places like Portland, OR or Scandinavia but fails so miserably in Detroit.  Hint:  it's not the socialism that's the problem.

Dec 3, 2011 9:44 AM

desert nomad war tribe must own them too

Dec 3, 2011 9:47 AM

I gotta ask, man...have you LOOKED around the world at what type of governments each place has?

I mean, mfer, seriously.  Race has almost everything to do with culture and society because the races have different average attributes.

Dec 3, 2011 9:51 AM

YES, they DO.

Children self-segregate and african kids prefer white dolls and proportional white faces.  Even in nursery school you can ALREADY see disparities in rates of skills development between the races.

JFC, MORON, did you not see the COVER of Time Magazine, where they asked "is your baby RAYCISS" (of course it was a white baby)??

EVERYTHING you think you know is FALSE.

You got this nursery school thing from where, actual rigorous observation of nursery schools or did you hear something like it said by some talking head on the MSM.  Because the actual studying of nursery schools shows the OPPOSITE of what you assert, and that's why Time just HAD to run that as a lead story!

Yes, yes, the MSM TOTALLY tells the truth on race, unlike everything else they talk about which is 100% propaganda.  Got it.  Makes total sense.

Blacks and whites SELF segregate.  In fact, every race tries to segregate itself from blacks.  ALL DO. 

Dec 3, 2011 9:55 AM

did you actually just assert that blacks and whites differ ONLY in the amount of melanin?

So if I showed you an albino from africa, YOU WOULD SAY that biologists, anthropologists, forensic coroners, people running clinical drug trials, ALL OF THAT, would say they were obviously european in origin?

Just shut.the.fuck.up. ok?  Socialism works in white countries.

Dec 3, 2011 9:56 AM

then ASK.

Asians have higher average IQs than whites.

Dec 3, 2011 9:57 AM

blacks and hispanics comprise a large majority of welfare recipients, aka TANF.

Your constant reductio ad absurdum attempts to distill everything down to ridiculously simplified slogans is truly idiotic to behold.

Dec 3, 2011 9:59 AM

Aristotle was wrong.

Crime causes poverty, not the converse.

To be more accurate, the innate traits that lead people to be criminal also prejudice them against acquisition of significant wealth, especially if the crime is violent.

Dec 30, 2010 11:33 PM

wow...you used "I" at least a dozen times, therefore you are an egotistical scumbag

Dec 30, 2010 11:37 PM

lol...myopic ass.

Your children are out there competing against people who helicopter their kids and help place them in a superior situation.  Why not just chop your kids' legs off and tell them to go race?

Dec 30, 2010 11:39 PM

look, white people only invented everything in history because they stole it from the black people.

And right now white people are oppressing the brown 3rd world with refrigeration, electric power, and modern medicine...it is HORRIBLE.  Join me in condemning the white people for this heinous crime against humanity.

Dec 30, 2010 11:44 PM

AWSUMZ...I mean taking philosophy and guidance from a fucking wal mart cashier.

I truly WANT genes in my bloodline with average IQs of 85, I mean who wouldn't?

99/100 would choose to have sex, wtf?  And get knocked up by some ghetto thug who will end up in prison and pass on his criminal and idiot genes to the little mulatto offspring who then grow up with a trash mom and no dad?  Sounds like a recipe for technological progress to me, right?  I mean, think of ALL THE INVENTIONS by the brown people over the centuries...all one of them.

WOW...great advice wal mart.  99/100 would choose to doom their kids because they are incapable of constraining their sexual urges; what a fucking catastrophe.  Bunch of freakin whores.  When they can't throw on a pantsuit and go sit behind a desk and pretend to work but still get paid, more selectivity will be employed in mating patterns.

Dec 30, 2010 11:52 PM

YES, some races are BETTER than others, if you want advanced medicine, electricity, the written word, the computer, the lightbulb and all the rest of that shit.

WTF is wrong with you people?  Especially that uncle tom apologist with his "RACISSSSS" epithet in the previous post?  I mean what.tha.fuck??

Look at HISTORY.  Which race is it that the people who invented EVERYTHING AROUND YOU came from?  And in the sickest of ironies, people from that race actually feel GUILT over the fact that it wasn't brown people who did everything!

They welcome multiculturalism...wtf?  ALL cultures are NOT EQUAL.  I don't LIKE cultures of destruction and misery, of primitivity, like all throughout the brown world.  I don't WANT the ghetto culture of murder and criminality.  I don't WANT african culture that didn't possess the written word until it was oppressed by white people with it or the native american culture that ALSO lacked the written word and the fucking wheel.

WTF is the matter with people these days that they think all cultures are equivalent?  Multiculturalism is a SICK JOKE and a crime against human progress.

The more mexicans we get, the more we are like mexico.  The more the diversity, the lower the average IQ.  DO THE MATH, shit just keeps getting worse.  Diversity is a FRAUD and pretending that all races are equal is a crime.  For example, we continuously hear how bad the US is globally in terms of aptitude tests, but if you examine AT ALL the demographics breakdowns, you see that the bad aggregate score we have as a nation is ENTIRELY DUE to hispanics and blacks!  Yet NOBODY can mention these "hate facts" without having a white uncle tom condemn him as a RACIST.

People who refuse to accept reality as it IS are suicidal fools.

Dec 30, 2010 11:56 PM

69 was the Summer of Love, dude, and it marked the turning point in the ascendancy of DIVERSITY above all else.

We can't go to the moon anymore because we have to worry ourselves to death about the DIVERSITY that agencies that can do those types of things lack!  So, in order to have more DIVERSITY and avert the "minority representation CRISIS," we have to put less-qualified people in positions of authority!

I mean, read ANY article about low minority participation, or lack of DIVERSITY, in ANY field.  It's always phrased as a CRISIS or some other desperate and dire term.  It's an absolute APOCALYPSE if there aren't "enough" black people in any profession.  And if calculus tests break down along racial lines like IQ or SAT, well then GFDit the MATH IS RACIST.

IT MUST BE.   Because ANYTHING that stands in the way of DIVERSITY must be destroyed!

That is the FRAUD of multiculturalism, the pretense that cultures and people are all equal.  It is the most intellectually bankrupt dogma in the history of the world.

Dec 30, 2010 12:08 PM

this diamond top is the equivalent of a rorschach test.  they just basically draw some lines and call it a pattern...I mean half the candles are outside the fuckin lines

Dec 30, 2010 2:51 AM

yes, this is my understanding of Correa and Ecuador as well...the miners down there, one of them is Dynasty, are all under threat of capricious permitting and potential nationalization.

I dunno wtf Black is babbling about, given the nationalization we saw a few years ago there and Bolivia of OXY's assets.  In one day, OXY lost 7% of its global reserves and 3% of annual production just by nationalizations in these countries.

Dec 30, 2010 2:53 AM

?  multiculturalism is a jewish invention.

Who the hell do you think built the organizations that have pushed it?  Who runs the studios that produced movies glorifying it?

Dec 30, 2010 2:55 AM

well, brazil real estate has bubbled hard lately, so you might do just fine

Dec 30, 2010 4:04 PM

Fuck you, Mike Krieger - YOU voted for Obama and all the Larry Summers clowns that came with him.  Chump.

Dec 30, 2011 3:08 PM

dumbest article ever.

China is neither brilliant nor ahead of the curve. 

They have more capacity than there exist customers and the nation is polluted beyond belief.

Dec 30, 2011 5:56 PM

their trend will reverse as ours has.  Central planning's got nothing to do with it

Dec 30, 2011 9:21 AM

gotta unchain your minds

Dec 31, 2010 1:00 AM

250k is in the top 2%.

Anyone who earns that amount of money and isn't a millionaire after earning it for a while is a retard.

It's ridiculously easy to become a millionaire earning 250k

Dec 31, 2010 1:03 AM

Prechter believes that the notes of a bankrupt State in the process of "P3" collapse are going to become paradoxically more worthful.

go figure.

Dec 31, 2010 1:23 PM

ok, for the zillionth time, Gold production peaked in 2001.

Why the fuck does everyone look at EVERY "dollar price" as if it HAS to end up in a fucking parabolic bubble??

It's like these idiots WANT to drive mania so they can get a bubble

Dec 31, 2010 1:32 PM

yes.  there is some evidence that sovereigns, whenever in possession of market-moving amounts of a commodity, have sold into a tightening market to attenuate price moves to the upside.

This is at least provably true in the case of Helium (USA), which peaked earlier this decade while the US was selling strategic Helium reserves into the market.  It's also true of Palladium, for which Russia holds significant stockpiles and has been selling them into the market.

This latter trend might be why Palladium trades for less than Platinum does, despite rough parity in terms of yearly ounces mined and the ability to substitute one for the other in catalytic applications.

It seems that in every case there have been large sovereign stockpiles, for whatever reason, these were sold into the market to attenuate upside price moves or to make up for sudden supply deficits caused by peak-related shortfalls or else plateauing of production curves.

Dec 31, 2010 1:33 PM

horseshit.  Our government is CHOCK FULL of diversity hires who have no fucking clue whatsoever.

Dec 31, 2010 1:36 PM

As Russia winds down its reserve stockpiles of Pd, it should, based upon industrial usage and production levels, achieve rough price parity with platinum.

Compared to gold, Pd and Pt would appear to be severely undervalued.

Dec 31, 2010 12:02 AM

Nonfuckingsense.

Where do you think cultures come from?

Why do you imagine that dolphins don't have human cultures?  Why do they have dolphin cultures?  Why do chimps have chimp cultures?  Why don't they fly airplanes?

Cultures don't come from the culture fairy...Culture is a reflection of the aggregate attributes of a population.

Just as SURELY as in highschool, the smart kids had smart kid culture, with science, math, chess, and shit like that and the dumbass jocks had dumbass culture with farting, belching, excessive substance consumption, sexual promiscuity, violence, and total lack of impulse control and interest in anything productive.

Culture comes from people, dude.  And stupid is as stupid DOES.  You put a bunch of people with low IQ, poor impulse control, and high degrees of innate aggressiveness in contact with each other, what culture will manifest is one of low intelligence, impulse gratification, and violence!  It's as simple as that.

These people will find extrinsic cultural norms such as ANOTHER GROUP'S idea of what "law" and "civilization" are impossible to follow!  They will end up constantly overrepresented in prison, at the low end of the socioeconomic scale, failing in schools, and so forth.

It's really as simple as that.  Stupid, violent kids do not do well in school; they do not ace math tests, they end up in violation of the "laws" written by smart, deliberative people.

Dec 31, 2010 12:06 AM

AIPAC pulls her leash and she barks, eh?

Putin broke the zionist rules and sent oligarchs out with their 2nd passports, so now our lapdog "leaders" bleat about it.

Dec 31, 2010 12:10 AM

anybody have any questions about NeObama's whole outlook on race anymore?

I mean the notion that a sitting President called a sports team owner on the behalf of a fucking convicted FELON athlete is just...it's so effing astonishing as to boggle the mind.

I wonder if he made that call for Roethlisberger or anyone else.  This President is easily the biggest joke ever and that's saying something given how much of one his predecessor was

Dec 31, 2010 12:11 AM

wavin at Him won't make God more likely to take you in.

because there ain't a fuckin bear out there scurred by a motherfucker wavin his hands.

Dec 31, 2010 12:24 AM

yeah but the "Hedgehog" still bangs myriads of hot young pussies trying to break into the business

Dec 31, 2010 12:43 PM

silver???  No, peru and mexico

Dec 31, 2010 12:46 PM

unfortunately, elements have in many cases, UNIQUE properties which cannot easily be substituted.  Silver is one of them.

SURELY you'd believe that if titanium or some other element would work, that they'd already be using it because Silver is relatively quite expensive already.

Dec 31, 2010 12:49 AM

As opposed to GWB and Hank Paulson, The Ben Bernank, Chris Cox, et. al

Yeah, you're right...Krieger probably voted for those assholes too, so fuck him twice

Dec 31, 2010 12:51 AM

well if you don't know, you better aks somebody.

I was calling NeObama "Teddy Ruxpin" during the campaign.  It was patently obvious that he was a chump

Dec 31, 2010 12:51 PM

let's see here...Gold is around 80Moz per year production, silver 750 or so.  Gold peaked in '01, silver hasn't yet.

Anyone expecting price parity against this backdrop is a fool.

However, Pd and Pt?  Both in the low 6Moz production levels, and Pd's price has been "suppressed" by Russia's sales from strategic stockpiles.

If you want precious metals that are actually SCARCE *and* have major industrial usages, the PGMs are where you need to be, not this fuckin silver

Dec 31, 2010 5:07 PM

PWNED

Dec 31, 2010 5:24 PM

didn't note the other metal?  Rhodium, LOL...astoundingly rarer than almost anything and already 3x the price of Pd

Dec 31, 2010 5:30 PM

let's go down that road.  If it came to this "SHTF" moment where you had PMs and the cops or some agency came and seized them, they'd basically be condemning you and your family to starvation.  In such a scenario, I would suppose a lot of people would take the shorter route out, which is to essentially hunt the police.  I mean, you're gonna starve anyhow or die of a disease, why wait around for it?

Dec 31, 2010 8:09 PM

IDIOT.

Gold is demanded for STORAGE.

Silver, LIKE OIL, is demanded for CONSUMPTION.

Silver is produced in TEN TIMES THE AMOUNT as gold, there is NO SUPPLY PROBLEM.  Who fucking CARES how much is stored?  It's like OIL, we're consuming 85mbpd of the shit, it isn't POSSIBLE to judge the oil scarcity issue by how much we have in tanks, dipshit.

Dec 31, 2010 8:11 PM

No, it fucking isn't.

There is no edict from god or law of physics that states that silver IS money.  Silver has been USED as money, so have a lot of other things.

copper has a longer track record as money than silver, but none of you cretins seem to run around spouting about how COPPER IS MONEY.

Dec 31, 2011 11:22 PM

gotta ask, are you a fuckin idiot?

Dec 31, 2011 11:24 PM

ok, no need to answer my earlier question; you ARE a fuckin idiot

how exactly do you think Titan negates peak oil?  Are you retarded?  What's the expected production rate from Titan, you fucking moron?

EROI is about how much energy YOU have to put into an activity versus the return on it, not how much the fucking SUN does.  Clown.

Dec 31, 2011 11:31 PM

I was on Loch Ness and the monster ate it

Dec 31, 2011 2:14 AM

silver down for the year too, off 10%

have bagholders hunted down and killed our resident pumper shills?

Dec 31, 2011 2:16 AM

took you 15 minutes to figure that out?

Your goal needs to be to try to exceed and amplify his efforts and draw your own red arrows.

ZH is full of pavlov's dogs

Dec 31, 2011 2:59 AM

no problem, dipshit!

Dec 31, 2011 2:59 AM

yeah these chinks have been around for 4000 years!!!!!!1

all of them.  They've all been sitting around smoking opium for the past 200 also, and that was all part of their master multimillennium plan to DOMINATE THE WORLD

Dec 31, 2011 3:03 AM

code probably written by H1B from china or india

Dec 31, 2011 3:04 AM

that is beyond ghey

Dec 31, 2011 3:08 AM

nah, they do...fkin was just in south america and the locals dressed more american than I do. 

Dec 31, 2011 3:45 PM

DATS RAYCISS

Dec 4, 2010 1:00 AM

naw, the FRBNY has an assload in their basement.

The gold in 33 was surrendered to the Fed, not the treasury

Dec 4, 2010 1:10 AM

next thing you know, you'll be sayin Hitler had his "reasons"

Dec 4, 2010 1:28 PM

hahahahaha..you still believe banks lend what they have?

What are you, livin in the 1800s?

Dec 4, 2010 1:33 PM

lol..."fault"?

WTF business does this morality shit have to do with banking?

People should DEFAULT.  As in NOT REPAY.  There is no moral obligation and no fault.

The bank loses nothing, because it is a corporation and it never possessed the capital it lent in the first place.

Why should anyone repay?  Banks don't?  They get bailouts.

When you figure out how the system works, and how irrelevant all this yin and yang shit and honesty is to it, then come back and talk to me, ok?

Dec 4, 2010 1:40 PM

so if I lend you something I do not possess, say I have the keys to my buddy's car and I rent it to you.  Maybe you are on hard times and are trying to go to a job interview.

Is it right for you to repay me?  What if I collateralized your "debt" to me with something real?  Suppose it was your TV.  And because you're in hard times, you can't repay me for lending you a car I didn't even own.  So I take your television.  And some moron comes on ZH saying "do right" and "repay your debts" without ever questioning the fundamental fairness of the system, which enabled ME to get something for nothing by lending what I did not own and foreclosing on it.

You have repeatedly said that the individual should repay the bank plus interest.  I submit that in the aggregate this is an impossibility because repayment requires exponential growth in someone else's debt.  At some point, the system will not support additional growth in credit, rendering a systemic deficit in terms of future interest owed.

In that case, then, what?  You look at this problem as if it's a matter of money.  No.  There is REAL collateral behind all of these loans.  The human face is the banker who sits behind the corporation that is lending what it does not possess and expecting REAL THINGS in repayment.  He is taking the profits of this corporation and pocketing them.

Supposing banks lent what they actually have, their risk tolerance would be FAR lower.  Supposing there was some downside for the BANKER underwriting these loans, the same is true.  But this is not the case.  The system is set up for ONEWAY profits, from people to bankers.

In such a system it is tantamount to immorality to REPAY at all!  Such a system must be destroyed and its purveyors with it.

Dec 4, 2010 1:43 PM

You are a true moron with the mentality of a serf.

I default if it makes pecuniary sense to me, just like a banker would.

You feel free to give them your pound of flesh as collateral for a loan of "money" they never actually had.  Your mentality is an enabler of parasites and con artists.

And you would drag everybody down into that pigsty of serfdom and slavery by wagging your "moral" finger at them.

Dec 4, 2010 1:49 PM

horseshit.

You have to get over this aversion to violence.  Smacking a scab down who is trying to replace you is something that inhibits the ability of management to just fire you.

Scabs need to know not to cross the picket lines, otherwise, wtf is the point of a picket line?

Dec 4, 2010 10:25 PM

then the USG will default. 

By the way, you jackasses, gold production peaked in 2001...the fuckin bull run is being driven by basic supply/demand dynamics, not a bunch of madmaxers on the gd'd internet.

Dec 4, 2010 12:55 AM

sorry, but the Krugerrand is so more widely distributed than any other coin as to render a comparison ridiculous.  Plus, you can carry them without scratching.

If there's a thunderdome, they will quickly go back to crown gold, and there's a reason that sovereigns and krugs are in this karat.

Dec 4, 2010 3:03 PM

um...at every turn, they have done exactly that.

Civil War, Bonus Army, Draft Riots, Kent State, Katrina?  The military will follow orders.  If they don't, there will be penalties imposed by those who still are following orders.

One thing the history of warfare has shown is that things have to be REALLY bad before the enlisted will even turn on their own officers.

Dec 4, 2010 6:24 PM

So Helen Thomas says you can't criticize Israel or zionists without getting your ass in a sling, and what happens?

Her ass promptly gets in a sling!  LOL.

Apparently her suggestion that jews control Hollywood and finance was the anti-semitic capper.

Nevermind that all 5 major HW studios were founded and still are run by jews.  Or that all but a couple of members of the fed board are jews.

If you merely IDENTIFY the people in control as jewish, your head will roll.

Dec 4, 2010 9:42 PM

wth u expect livin on an island in the middle of the pacific??

Dec 4, 2011 1:00 AM

well maybe white women are waking up...tens of thousands of rapes at the hands of black men annually. 

Dec 4, 2011 1:05 AM

they do what they are ordered to do

Dec 4, 2011 1:06 AM

that's contrary to the interpretation of like every legal or historical scholar around...thanks for setting them all straight, moron

Dec 4, 2011 1:10 AM

uh...there are better 762N rifles now than the M1.  The FAL is one example.  The Minimi is another.

Dec 4, 2011 1:12 AM

ROTFL.

You know the cops can legally LIE to you, right?  Nothing you have written carries any legal weight whatsoever.

Dec 4, 2011 1:21 AM

they have them in Baltimore too, and all the heavily black areas.

It's like a war and shit.  Incidentally, the violent death rate was higher in South Africa than in Iraq during the war.

Dec 4, 2011 1:28 AM

NeObama is in office now.  Fuck Busch...he's been gone for years.

Let's blame the guy who's IN like they did for the last one.  And let's get rid of his sorry ass and get someone decent in there.

Try "wasting" your vote this time around.

Dec 4, 2011 10:05 PM

The Congressman didn't make the trades, but they just told someone who told their financial advisor.

That's how it works.  I have a business relationship (not voluntary) with someone who did a stretch in Federal prison for bribery; these people were in the business of putting money into the pockets of these fuckers.  There is a TON of shit going on in DC and it's crooked as shit and the reported wealth of these assholes is just the tip of the iceberg.

Dec 4, 2011 10:09 PM

NAFTA was ABOUT laundering drug money.

There were 10s of billions in the few years after the treaty that showed up in border banks that was unaccounted for.

If you watch border wars on TV, you'll see that they use ultrasound density measurement devices and routinely find TONS of paper cash going into Mexico.  The drugs come this way.

As for 42nd street, well, diversity and the homeless live there and we all know that homeless people just need a house to be just like civilized SWPLs.  So the police look the other way.  WTF do we want to do, arrest more blacks?  DATS RAYCISS ain't it?

Dec 4, 2011 10:19 PM

probably got some cousins they need to funnel more money to.

As for Congress being inconvenient, they are really too busy getting themselves rich to give a shit about actual legislating

Dec 4, 2011 11:58 AM

certain cities are already planning ahead and gentrifying the bejeezus out of themselves.  consequently, crime trends show a move of activity into various suburbs, for example PG County in Maryland as DC redevelops itself.  A loss of black majority in that city will prove a major turning point if it can be achieved.

Dec 4, 2011 12:00 PM

yes, those hate facts are a bit too much to bear, ain't they?  You really cannot respond with anything other than an insult to them.

Every single thing he said was TRUE.  It is the literal, factual truth as anyone who's investigated gay health and lifestyle issues will attest.

But the MSM tells the truth, of course; they relentlessly pound how being gay is just as simple as flipping a switch.  Same nuclear family, same as you.  Everyone is the same, that's what the MSM says.  And of course this is one of the areas they tell the truth in, while they like 100% of the time on everything you DON'T want to believe.

Dec 4, 2011 12:02 AM

India would annihilate Pukistan.

What planet are you on?  Haven't you heard of the Kargill War?

Dec 4, 2011 12:10 PM

lol that blog is hilarious; sounds like shit I say hahahahaha

Dec 4, 2011 12:15 AM

TERRIST

Dec 4, 2011 12:21 PM

well, I apologize; your original post seemed so obnoxiously-written that I didn't think it warranted any kind of response.

On further review, I see I was originally correct.

Go falsify the theory then...you idiots act as if every theory you do not like is somehow structurally flawed; it's not.

Dec 4, 2011 12:25 PM

I don't care about 500 years ago and the populations you mentioned are caucasian in origin AT ANY RATE.

Yes, Ahabs and persians are fkin caucasian.  Over time, they have been diluted with increasing amounts of subsaharan african, aka negroid.

This is how the populations diverged so much.

Dec 4, 2011 12:28 PM

look, dood, the distribution curves are out there for you to go look at.

black (US) mean is at 85, white (US) mean is 100.  The SD is 15.  I will leave it to you to figure out what that means.  I don't think you understand what a gaussian distribution looks like.

And, then HERE WE GO AGAIN with this "hatred" shit...what the fuck is wrong with you people?  You are like fucking DOGS while bells are ringing.

No sooner do I yank your chain and force you near your mental 3rd rail than you start calling me a HATER and a NAZI...you really should introspect on how your conditioning to the statement of FACTS is causing you to do this.

Dec 4, 2011 12:52 AM

this could have been "solved" during the Kargill War, where India's naval superiority had Pukistan at the verge of resource starvation.  Pukistan would have probably gone nuclear and that recognition is why the superior powers leaned on both sides for an end to the conflict.

Letting the forests continue to disease only invites an inevitably worse forest fire that cannot be controlled.

Dec 4, 2011 12:53 PM

wtf are we doin...smh

all the patriots out there...ask yourselves what the US mentality would be if some other nation were flying a spy aircraft in our airpsace

Dec 4, 2011 12:55 AM

the only way to win is all-out war...we're not gonna do that.

We're not going to have hearts and minds; the best we can do is bribe people until they get a better offer or play a protection racket with us for even more money.

Dec 4, 2011 3:37 PM

yes, people have lost sight of that Iran had offered the WHOLE ENCHILADA to us after 9/11.  Normalization, suspension of their support for Hezbollah, suspension of the nuclear program, everything.  They were willing to support us...

We SQUANDERED it.  The issue was NEVER redress of 911 it was fucking Pax Americana and PNAC.  No sooner did 911 happen than they started trying to finger IRAQ and manufacture a justification to carry out the agenda.

Remind everyone of that when they talk bullshit on GWOT.  It's never EVER been about that. 

Dec 4, 2011 4:14 PM

those big decks and our base structures mean we can project force basically with impunity on any non-nuclear power

Dec 4, 2011 9:36 PM

have any of these morons read Mein Kampf?  Hitler spells out in detail what his issues are.

The "problem" with Hitler was the war and his antipathy toward the desert nomad war tribe.  Weimar was a collapse, sure...probably would have led to war, but nobody "fears" war.  We seem to be itching for it.  The REAL boogeyman of "Hitler," and what he'll forever be associated with was the genocide during the war.  And, this was not caused by Weimar, it was caused by the fact that AFTER the collapse, Germany had been divested from German ownership and entirely into the hands of a select few of the desert nomad war tribe, who in many cases represented both sides in the Versailles negotiations and who had the levers of banking power.  They USED the hyperinflation to take ownership of the entire country.

As long as we are studious to prevent THAT, there will be no reason for another "Hitler" to rise.  Russia went through a collapse and there was no genocide, just a divestiture of state assets from war tribe members, many of whom were imprisoned or fled with their 2nd passports, and of course the MSM made it appear that something wrong was occurring that Russia was being returned to Russian hands.  Of course, they didn't make a PEEP when the international financier class destroyed the State in the first place and took onwership through confetti games.

Dec 4, 2011 9:39 PM

the entire banking scam is a source of power for a very small group of people, frequently interrelated.  It needs to be eliminated or else we will see the weimar outcome on a global scale.  The financiers will protect and favor their cousins as they have done in every business deal they make.

It takes NO PARTICULAR brains to be a banker...the dominance of cousins in this industry is a result of nepotism, plain and simple.  Until and unless this cartel is broken up, the situation will continue to recur.

Dec 4, 2011 9:40 PM

You're aware that the primary bolsheviks were jews, right?  That the finance class in germany were jews, and that they USED the hyperinflation and their banking powers to acquire ownership of the ENTIRETY of Germany, right?

Even after YEARS of Hitler and anti-semetic ownership rules, they still had a third of the business assets of Germany.

How could such a situation NOT lead to trouble?

Dec 4, 2011 9:43 PM

it'd just drive prices up.

We ALREADY spend an ASSLOAD of money on education and healthcare.  Our spending on education, for example, has EXPLODED in the last 30 years and there are NO RESULTS from it.  We already have a housing glut and food is ALREADY consumed in such quantities that a substantial portion of our nation is fucking OBESE.

You bleeding heart idiots are the problem.  You see maladies but have NO CLUE how to cure them.

Dec 4, 2011 9:50 PM

they're conditioned to feel guilty about Hitler even though THEY WEREN'T THERE.

Just as white people are conditioned to feel guilt over slavery when none of us alive owned any slaves!  I've seen pictures of white women on their knees begging the forgiveness of black men.  WTF?  Were these men slaves?  Were these women slave owners?  Even if BOTH were true, did THESE women own THESE black men?  If none of these is answered yes, then NOBODY owes ANYONE ANY apology!

Do jews feel guilt over their role in CREATING Weimar?  In the establishment of a communist dictatorship in Russia which ended up committing a SUBSTANTIALLY worse genocide (against Ukraine)?  Do blacks feel guilt over crimes committed by OTHER blacks?

NO.  They laugh at it.  "I didn't do it.  Don't tar us all with a broad brush, guilt by association!!"

Let the people who ARE to blame BE blamed.  Don't tell me fucking "white people" owned slaves and I am white THEREFORE, I share somehow in this guilt.  I don't.  Even if my dad owned slaves, I am NOT resonsible to pay his sins.  Nevermind people who I only SUPERFICIALLY RESEMBLE.

Certainly, the people who RAIL when I make general statements unflattering to blacks will be here to junk me because I REFUSE to submit to a SPECIFIC assignment of guilt to ME as a result of a GENERAL statement about whites!

Dec 5, 2010 12:11 PM

anyone who's been through a divorce in the US lately, any man that is, knows what you're saying to be 100% true.

Women are permitted to level the most heinous accusations at men with utter impunity.  The child sex abuse allegations are now so frequent, along with the EPO and emergency custody shit, ex parte, that they are referred to as "obligatory" at this point.

And for anyone who's been the target, you know that there is no penalty or consequence for even the absolute silliest of claims.  They are accorded full respect by the courts and all the women-run agencies whose job it is to pretend that there is any merit or good faith in the bullshit.

Dec 5, 2010 12:24 PM

you simply can't play chicken with the intelco.  This isn't fucking Pelican Brief and shit where you can play games.  These are the type of people, like cops, who will beat your ass just for threatening them...they are not the rational deep thinkers that the MOVIES make them out to be.

Only the erroneous ASSUMPTION that intelligence services are masterminds leads people to the wrong conclusion that they must be in some master conspiracy to make everything happen.  This is so logically specious as to defy belief.

Dec 5, 2010 4:28 PM

+1.  Now we just need reliable opensource P2P encrypted IMs and VoIP, seeing as how Skype sold out to ebay.

I have no idea why the government dislikes Wikileaks; if the gov't has nothing to hide and isn't doing anything wrong, then they should not mind if everyone is watching them.

Dec 5, 2010 4:32 PM

oh, JFC, not this truther shit again.

Look, the logistics of demolishing the WTC1 and 2 were impracticable, TOTALLY so.

And NEITHER BUILDING collapsed in anything resembling a controlled demolition.  WTC7, otoh, you cannot say the same thing about.  But, get over this twin towers were brought down by a massive government mastermind conspiracy.  There are no masterminds in the goddamned government, just bunglers and incompetents as far as the eye can see.

Underwear bomber was let on the plane because the intelco didn't KNOW he was going to try to detonate on final approach.  They wanted to make a career and get a promotion by tracking him to a bigger cell and have some headline bust and pad their own egos.

There was no conspiracy to let him try to blow his ass up so that they could start Xray scanning everyone.  The government is easier to understand if you look at it as an organization populated by TONS of self-interested diversity hires. 

Dec 5, 2010 4:39 PM

if you are inclined to believe in the potent directors fallacy of government masterminds manipulating everything, then it would be wise to consider that the information that occasioned Bradley Manning was in many cases conveniently provided to him or another leaker once it was discovered that wiki would reliably divulge.

In fact, there's no way in hell they wanted that Apache vid out.  But if you have reason to suspect other leakers, you might provide them with blatantly anti-Iran "leaks" in order to use the channel for your own purposes.

However, the government has bungled nearly everything it's been involved with.  If the directors are so potent, then WHY IS EVERYTHING FAILING?  Why haven't we already won in Iraq?  Why hasn't our economy gone back to happy days?

WTF was the POINT of engineering a 911 if you believe it was engineered?  It makes no goddamned sense to do such a thing.  There was no fucking NEED of more power for Busch; wtf is he gonna do with it?  Was the Busch crime Syndicate FAILING to get rich as shit off the inflation racket or drugs through Mena?  I mean, there was no point in anyone engineering broad catastrophes.  It's not as if the status quo was threatened by anyone.

Dec 5, 2011 1:11 AM

gold is already monetized.  It can freely be traded for paper or other real things.  It just doesn't trade as day-to-day currency

Dec 5, 2011 11:59 AM

the failure of the USPS will be a blackpocalypse in terms of employment.

USPS is one of the most "diverse" organizations.  No, diversity does not mean the highest number of different ethnicities and backgrounds, like you might think it would mean (from its plain definition).

Dec 5, 2011 12:01 PM

ok, sorry, but the employee demographics of the USPS make its viability impossible.

It cannot and will not be able to function under these circumstances. 

Dec 5, 2011 12:02 PM

it's a fucking jobs program for blacks...look at their demographics.  How hard is this really for you people to do?

Your mental 3rd rails won't really electrocute you

Dec 5, 2011 12:05 AM

we'll need to start saving this system every other day it seems

Dec 5, 2011 12:14 AM

Did The One and Place Holder quit?

Dec 5, 2011 4:40 PM

look dude, stop creating false dilemmas!

The USPS is NOT VIABLE as an institution, STRUCTURALLY, in its present state.

They fucking employed 36%+ minorities in 2003, and this has only grown.  48% hired last year were minorities.

They employ over 80 "diversity development specialists."

Obviously, their PRIMARY concern as an organization is NOT delivering the mail; it is hiring so many minorities that they no longer have any diversity in the actual meaning of the word.

Dec 5, 2011 5:33 PM

and that's because I don't think racism has any place in hiring decisions?

WOW, COLOR ME A NAZI THEN

Dec 5, 2011 5:35 PM

great false dilemma!

No, I don't like racist decisionmaking in hiring

Dec 5, 2011 5:35 PM

i didn't suggest getting rid of the USPS, moron

Dec 5, 2011 8:42 PM

how much income?

Gee...no accounting has been done.  So let's look around...at the FUCKING PALACES the Rothschilds had.  Couple of them got a barony, IIRC.  Ain't seen no baron with digs as big as the King's.  Just google around at their palaces and landholdings and put yourself back when they were built and imagine that shit.

THAT is wealth, THAT is power.

Dec 5, 2011 8:46 PM

yep.

The oil age was it...look at the population graph, look how much things changed just in one lifetime.  You went from the age of horses and walking to machines that could go faster than seemed conceivable.  It became possible to travel across the entire continent in relatively short time.  Then the car, then the airplane...to fly around the world.  I mean, think about that, something we take for granted, FLIGHT, was the dream of man for 10,000 years...since there were dreams.

And only in the past 110 years was it achieved...because of oil.  So many things has it enabled, truly the piss of the Gods.

Coal dug by hand has a higher EROI, but oil is about POWER.  Oil does more work at a faster rate...those who understand physics understand that power is what matters, not work.

We're gonna need a helluva lotta nuclear plants LOL

Dec 5, 2011 8:50 PM

A stamp should cost whatever it takes to employ tons of black people

Dec 5, 2011 8:52 PM

lower rates will create new jobs.  But jobs are pointless unless they have maximum diversity...that is our greatest strength and it enabled us to become a world power.

Dec 5, 2011 8:54 PM

total fuckin nonsense

Dec 5, 2011 8:56 PM

EXACTLY...why the fuck is their answer ALWAYS MORE FUCKING TAXES?

What, we can't LIVE anymore on a fucking $2T budget?  END THE FUCKING WARS

Dec 5, 2011 8:59 PM

hope they blow him up.

Argentina can't afford a war either...if it was Brazil, now that's a different story

Dec 5, 2011 9:06 PM

how about the bubbleheaded IN education these days?

Dec 5, 2011 9:44 PM

whatever man...wtf does that have to do with what I said?

BTW, don't put a fucking apostrophe for PLURALS

Dec 5, 2011 9:46 PM

chicken/egg

Dec 5, 2011 9:47 PM

USPS would WORK if it WASN'T an organization that HIRES PEOPLE FOR RACIST REASONS

Dec 5, 2011 9:50 PM

don't you people listen?

48% of the USPS's recent hires are minorities. They are NOT HIRING for competence, they are hiring for SKIN COLOR.

And they are OVERstaffed as a result of their DECISION to make themselves a JOBS program, fucking makework for lazy people! This is why it appears that when you go to a USPS, people aren't working!

They hire and promote people on account of their skin color! This is COMPLETE racism.

Dec 6, 2010 10:16 AM

the entire edifice of 'debt' as an institution must be downgraded, because the future does not hold the growth to pay principal + interest.

All present debts, and vicariously, money, must be discounted.

Dec 6, 2010 10:21 AM

the banks "paid back" TARP via sourcing FDIC-guaranteed debt and by borrowings from the Fed, as well as via QE1.

The political hue and cry over TARP was huge, so Treasury fashioned a program immediately so that the banks could borrow the money at tiny rates and "repay."

All so obamatons can say "the banks paid Busch's TARP back" and get into inane political cheerleading. 

Dec 6, 2010 10:28 AM

look; the reality here is that you have potentially thousands of algorithms competing.  There has been no integration testing of these things.  It's like a digital version of Robot Wars, you don't know what the other guy's fielding until you see it.  A lot of times shit just happens that's unanticipated and the speed of computers means it runs away from you faster than Chernobyl going suddenly critical.

Imagine if you installed 500 programs onto Windoze which were programmed to terminate the other running programs and hog system resources.  That is the modern market.

Dec 6, 2010 10:30 AM

This is just intelligent rulemaking.

You RAISE margins on risky things like silver, and LOWER them on riskfree stuff like Irish bonds.  It makes perfect sense to me.

Dec 6, 2010 10:30 PM

you'd better send me the coordinates for safekeeping.

BTW, a few 10oz bars aren't going to get much arable land...lol

Dec 6, 2010 11:00 PM

we were screwed in the 1970s when we validated Hubbert's Peak forecast.

Once that happened, within a couple of years our economy was in collapse, our currency in collapse.  Raygun came in and made deals with the ME nations, including trading arms to Iran (that revolution came in handy for us to break a united ME front), and we made our economy into the world economy via petrodollar inflation.  Now, the world is at peak; we will repeat the 1970s experience.

Dec 6, 2010 2:42 PM

what needs to happen is the cost of higher education should come down.  The answer is not higher supplies of credit to cause more inflation there

Dec 6, 2010 2:51 PM

hypertiger is and always has been correct, and is saying the same thing that I have.

But, the problem is the intermingling of monetarist definitions of inflation versus boots on the ground.  The latter sees a rise in prices, the former, a contraction in the quantity of money.

These are reconcilable only if you accept what I have been saying, that money, which equals debt, as an INSTITUTION is being discounted in the face of what hypertiger and the rest of all us all maintain - that exponential growth has stopped and the future holds contraction.  In the face of a contractionary future UNABLE to pay the yield, much less grow, the value, the "moneyness" of all the existing debt, which IS what we know as the money supply, MUST be discounted with respect to real things.

Because all that outstanding credit base, money supply, is a promise against - collateralized by - future growth which isn't coming.  Therefore, even in the face of clear monetarist deflation, we still see debts' value compared to real assets falling even faster.  This reflects a confidence problem in the ability of debt to maintain its own viability, for a bond to get "cash value" into a contractionary future, as well as to compete in a scarcity environment with other debt instruments for real production.

Dec 6, 2010 2:53 PM

BS...he'll be in Israel with Putin's oligarchs.

Dec 6, 2010 2:58 PM

Sigh.  He is NOT doing the wrong thing.

You're making the same argument Douchinger did when I told him with 100% certainty that the Bernank would print (back in 08).

The MATH dictates printing.  There is NO OTHER MOVE for him to make on the board.  He either prints or the ENTIRE MONETARY SYSTEM comes down in a cascading deflationary collapse.  In 2008 alone, we were twice or thrice literally a few hours away from complete monetary collapse as a result of the intractability of the monetary math.

It would be wise for everyone to accept and ultimately make peace with the fact that we have been living in an exponential growth system called "the industrial revolution" for 3 or 400 years and that the growth has stopped.

Dec 6, 2010 3:24 PM

prices can also rise due to supply declines in commodities faster than monetary base contraction as well as from erosion of the core moneyness of the debt we use as currency

Dec 6, 2010 3:48 PM

the Bernank knows he lives in a confidence and faith-driven world.  So when he says 100% he is just trying to project leadership and confidence like Bama does or Busch did.

It's like when your girl says "promise me everything will be ok."  I always have trouble with this because my natural logical response is, "honey, there is a significant likelihood that everything will most certainly NOT be mfin ok," when all they want to hear is the pleasant lie.

The Bernank is giving the pleasant lie to a bunch of women.

Dec 6, 2010 3:58 PM

Isn't that what terrorists do??  They terrorize governments.

The average Beiruter lived with explosions all the time and simply learnt to live with it.

As far as 911 goes, what was the major movement afterwards by governors?  CYA.  Really they feared electoral reprisal more than they had any human concern for the dead.

We all go to shopping malls and I'm sure I am not the only one thinking how easy it would be to execute a Mumbai attack on a variety of soft targets in this nation.  It's only about gd'd obvious and the AQ people know it too.  So, are we the people so terrorized with fear that we won't leave the house?  No.  We go about our lives.

The people in office however fear that some enterprising opponent will blame them for the attack.  And therefore they will lose their gravy train.  So anyone who threatens status quo is an Enemy of the State and a terrorist.

This is the real truth that people need to wake up to.  The only ones paralyzed in fear over terrorism are those who represent the status quo.  Assange's "work" poses the same type of threat to someone in office as does a Mumbai or Madrid or 911.

The thing that baffles me, though, is that nobody's head rolled at any point, anywhere, over real terrorism with real mass deaths.  So why the fear?  I guess they must assume that at some point the electorate may wake up aggressively.

Dec 6, 2010 4:02 PM

naw, the rampant use of wiretapping and FBI assets against political opponents dates back to the Clitton administration.  It's just that the economy was "booming" so much that nobody could bother to be concerned with the looming storm clouds.

Dec 6, 2010 4:28 PM

in his defense, nobody expects the Spanish Inquisition

Dec 6, 2010 4:29 PM

do they expect that we are too stupid to see what a farce this arrest warrant is?

Dec 6, 2010 4:36 PM

Nice to see that Eric "Place" Holder has finally found something worth sinking his teeth into.

Newsflash, Holder, YOU and the rest of your gang are the biggest danger to the "American People."

If we're really a nation that wants our military gleefully lighting up groups of reporters with 20mm cannon, then I really don't want to be part of this nation.

Holder and Bama's position is that we must allow the government to break every rule, violate every principle, do whatever it wants, whenever, or else our lives are "at risk."  FUCK IT, put my fucking life at risk then.  I'd rather live with risk than with THEM.

Dec 6, 2010 5:22 PM

what "911 lie"?

Dec 6, 2010 5:35 PM

that's exactly what we need, another chinese scam

Dec 6, 2010 6:01 PM

well, to be honest when people around here hear "sell gold," they think you mean their vast stockpiles of krugerrands, instead of just as a short or IT trade.  I also called for a paper short from IAU 13.5 to 13.0 then a wait for H&S confirm and if an up close to go long with both fists

Dec 6, 2010 6:07 PM

plz provide GPS coordinates of your house and the location of your safe. 

Dec 6, 2010 6:19 PM

Blimps?  ROTFL.  Helium peaked in 2002

Dec 6, 2010 6:20 PM

fusion...lol.  Still 10 years away.  And we're not looking all that hard.

See, the gov is cutting science to the bone while they spend on blowing shit up in faraway places and on Xray machines for airports.

Dec 6, 2010 6:21 PM

shit...so if oil will just "resolve itself" why won't something we can conjure at will, M2, resolve itself as well?

Everything is fine, yes?

Dec 6, 2010 6:31 PM

but...but...I got banned from TF for suggesting that oil might be able to peak!  You mean to tell me douchinger was wrong???  But...he has his own website!!!!!11

I also was told that "they" would just "figure something out."  THEY better fuckin get to it, because my SUV is empty.

Dec 6, 2010 6:38 PM

wtf part of the debt cannot be, from a mathematical perspective, EVER actually be repaid do these people struggle with?

Dec 6, 2010 8:38 PM

Meyer is a COMPLETE arrogant ass.

He has total conviction in the bullshit that he spews, but at the same time he is TOTALLY bullshitting.  He's merely regurgitating, as he says, "economics 101" as if that shit is somehow equivalent to the Laws of Motion.  In his mind, everything in "economics" is factual law, proven shit, when in reality it's just a bunch of faith-based bullshit.

At least the host notes that there is NO DEMAND even at 0%, but this Fed idiot thinks that lowering the dollar and cutting rates will stimulate demand.  What a MORON.

EXCESS SUPPLY DOES NOT IMPLY DEMAND.  HE is the one who doesn't understand economics 101.  All he can do is parrot nonsensical chicago monetarist recipes.

Dec 6, 2010 8:40 PM

no.  He DOES believe what he says.

or rather he is mindlessly repeating what he thinks he knows in the face of questions which suggest to anyone rational that what he believes is utter horseshit.

People do this all the time.  They cannot of course admit they're wrong, and their profession and life study is a farce, so they stammeringly repeat their "talking points" until the cameras go off.

Dec 6, 2011 12:37 AM

someone please erase Romney

Dec 6, 2011 5:39 PM

why don't countries just borrow money like crazy and then buy CDS on themselves and then default?

Hell, they can get coverage and just default selectively...it'd be like shooting turtles with one of their feet nailed to the ground

Dec 7, 2010 1:09 AM

biggest difference is there is no new ME to bail out the shortages here.

The USD debt pyramid was underpinned by domestic production ultimately before the 70s.  Now it is underpinned by world production.

Dec 7, 2010 10:10 AM

two reasons: one which most know and the other that few know.  The first is that he needs the revenue.  The second is that refineries on the Gulf (primarily LA) are the only place in the world capable of refining the heavy sour he produces in quantity.  Seriously, people think they know oil from watching the GOM spill or Beverly Hillbillies.  The stuff pumping out of Venezuela resembles taffy or peanut butter in its consistency.  The days of abundant lightsweet liquid oil gushering and flowing like that are long past.

This is one of the things so absurd about the futures market.  You can purport to buy as much paper oil as you want but actually taking delivery in any size of consistent light crude volume is not possible without special deals at the sovereign level.  Good luck locking down 100 or even 10kbpd with paper.  And a refining supply chain on orinoco taffy...forget it.  It's essentially sole-source on both ends.

Dec 7, 2010 10:16 AM

Adam Smith was an absolute giant and the only economist worth respecting.  It's worth noting that after the proposal and implementation of some of these reforms, the aristocracy essentially ran the Irish out of their homeland with an engineered famine.  I guess they don't take well to being taxed.

Last I looked, that depopulation was so successful that there were more Irish in Ireland in the 1840s than in modern times.

Dec 7, 2010 10:30 AM

HAHAHAHAHAHAHA...centuries...LOL.

good one.  Maybe a decade or so, depending upon growth rates.  If we start substituting NG for oil, less.

NG well production profiles look like the matterhorn

Dec 7, 2010 10:35 AM

but...but...these masterminds planned and executed 911 and got away with it.

Dec 7, 2010 10:38 AM

those expecting 1:1 are going to have a rude education in demand elasticity.

Dec 7, 2010 10:44 AM

dude...do you think before you post this?

Do you guys ever do any critical analysis of what a 1:1 ratio or anything close to it would do to the affordability of these silver-intensive processes?

You are almost like economists, you just ASSUME demand will be there irrespective of price.  If silver goes that high, the processes will STOP because demand will collapse!  It's as simple as that.

I could see silver at historical ratios maybe a bit higher in a blowoff top.

But 1-fking-1?  GTFO here.  that would put it near 1:1 with Pt, which has 1/150th of annual production volume, no real stockpiles and a handful of mines in the world producing any real ozs.

Dec 7, 2010 10:56 AM

annnnnd...there we go, nice -$12 vertical on the crimex open

Dec 7, 2010 11:42 AM

timberrrrr

Dec 7, 2010 3:19 PM

Scores don't matter.  ONLY DIVERSITY MATTERS.  In anything

Dec 7, 2010 3:22 PM

just bomb Moody's.

I mean, seriously, why the fuck do they even STILL EXIST?

Dec 7, 2010 4:10 PM

you'll need me as Sec of State because diplomacy and playing nice is my specialty

Dec 7, 2010 4:13 PM

i have really nice hair, though...shaving my head would be like spray painting Starry Night...

Dec 7, 2010 4:20 PM

yes but we didn't have to teach DIVERSITY back then and the system was not set up to provide equality of outcome under DIVERSITY standards.

DIVERSITY is our "greatest strength" and the most important thing in the world.  I hear this all the time, so it must be true. 

Spending is what determines outcome, and I don't know why we call smart kids "gifted" anymore.  It's obvious their parents bought them intelligence.

Dec 7, 2010 4:32 PM

jesus, if that's ALL the gov did, we'd have a multitrillion $ surplus.

You idiots ALWAYS trot out the false dilemmas of "clean water" OR "don't pay taxes," as if there is not a continuum of options in between these two cherrypicked binary and mutually exclusive outcomes.

Fuck, man, the US became the richest nation on earth with no income tax and no central bank.

There is an option for governments to tax MODERATELY for services such as police and infrastructure.  However, that is not what we get from them.  We have a gigantic leviathan with a military in 850 bases in most of the world, simultaneously in two "wars" or whatever they're called now, with hundreds of thousands of troops operating continuously since 2003!

Even the pollsters who talk about the "wars" phrase it as "our winning" or "the terrorists' winning."  WTF?

I counsel EVERYONE to think critically and never accept TWO choices as the only outcomes; this is most often a false dilemma intended to drive a particular conclusion or inference.  I'm not sure we're even fighting fucking terrorists, are we?  So how could it be that they or we are winning?

Dec 7, 2010 9:44 AM

The last time oil crossed like this, it was the 2007 year runup to the global all-liquids peak in 08.  We saw sustained inventories drawdowns.  It'd be wise to look for the same signs, because the oil price spike was a precursor to the stock collapse which began later that year.

Perhaps the genius economists believe that raising the price will lead to more supply.  It probably doesn't occur to them that such a thing might not be possible.  If it wasn't in an economics text, it's not real.

Dec 7, 2010 9:47 AM

well-put.

But the latter is the trend for banksters.  Nothing should get in the way of their earning real profits in exchange for the service of conjuring money from thin air and charging interest on it.  Without that, why...we'd all just DIE or something.

A lot of Latin America is rented to the population.  With each debt crisis there, the european banks take a larger ownership of the nations.  Chavez is a total idiot, but the reason he's so gung ho about nationalizing is because under literally every stone he turns, he sees a rentier leech with ownership of national assets.

Dec 7, 2010 9:56 AM

1:1???

there is 9x the annual silver production as gold.  And silver is not yet peaked. 

If you want to play a scarcity trend, play platinum.  Less than 6% production oz's compared to gold annually.

Dec 7, 2011 10:44 AM

Gold, bitchez...

though I'm liking Pt as a convergence trade, Pd if you like to think further outside the box (both are far rarer than gold)

Dec 7, 2011 3:03 PM

ok, I am going to chime in to set things straight.  Let mosely-claven take note- I am on his side on this one

The premise is LUDICROUS.

Fucking asteroids and precambrian rises in surface temperature DID NOT KILL THE PLANET.

We could not even SCRATCH it.  You simply do not understand how natural selection makes such a thing impossible.

We couldn't even extinct ourselves.  I have said this a dozen times- mammals' survival adaptation to disaster, plague, disease, famine, is to OUTBREED IT.  This is precisely why birth rates spike after disasters.  Women are PROGRAMMED to get horny, take sexual risks, be promiscuous in the face of danger (which is why putting them in a fast car or on back of a motorcycle is good for getting laid).  The females who whistled past the catastrophe did NOT HAVE offspring with as high a survival rate.  Those that bred like rabbits did and their genetic tendencies (behavior) predominated.  This is true of all mammals.

If you pull the head out the ass and even look at Chernobyl Dead Zone, you see the exact OPPOSITE of what you expect.  It's NOT DEAD.  In fact, it is one of the HEALTHIEST environmental regions on the planet.  It's because all the humans left.  Mutated offspring die quickly and do not reproduce and are outcompeted by better specimens.  This is what natural selection is.  All other animals besides humans and their pets die LONG before they get cancer or other old-age maladies.

We cannot kill anything.  Humans' estimation of our own abilities GREATLY exceeds what is real.

Dec 7, 2011 5:30 PM

pawn shop...chains and rings, 14k minimum, preferably 18k.

If he wants bullion, any major coin from any major dealer.  CNI is probably a favorite.  22kt coins are scratchproof.  24kt aren't.  May pose a problem unloading Leafs as a LOT of dealers are discounting them for damage and some won't even deal with them anymore bc ppl they tried to sell them to complained that THIS IS DINGED UP.  And so they have issues moving inventory via mail order and just don't want the hassle.  Find whoever has the lowest spread

Dec 7, 2011 5:31 PM

this may be true but would be contrary to most of history.  The GPR is a bit overbought right now

Dec 7, 2011 5:34 PM

Pt and Pd from my perspective are just flat fucking rare as hell, maybe 4-5% of gold's production and the russian stockpiles that buttressed world supply are nearly depleted.  There is ONE major Pt producing mine on the planet and only a couple of secondary ones.

Platinum cards, platinum this and that (just like phrases like "gold standard") speak to platinum's historically higher price than gold's.  From purely objective terms either Pt and Pd are way underpriced or gold is overpriced.

Dec 7, 2011 5:37 PM

yeah, spreads suck on Pt.  But ask yourself if the doomers are correct, are they going to seize this?

Pt is so astoundingly rare compared to gold that such a move would be utterly pointless.  Risk/reward.

Go out and bing annual Pt production and compare to gold.  Compare the proverbial all ever mined cubes.  Pt is a 19' cube.  You can visualize this by looking at a 2 story 20' townhouse, and just mentally chop off half its depth.  This is a ridiculously small amount

Dec 7, 2011 5:42 PM

Huh?  Did you even LOOK at those "Black" Friday videos and actually SEE who is on them?

The vast majority of them feature ONE type of person.  You won't like the FACTS, so stay away from your mental 3rd rail and just keep spouting bullshit.

Every flood was not Katrina; there's a reason for that.

Morons like you continue to say stupid things like our schools are a failure, our people are incarcerated, our crime rate is high...who the hell is this "OUR" you keep babbling about?

I've said over and over again there is no "OUR" and you cannot just comingle everyone like you do, but for SOME REASON, you REFUSE to face the facts!

Dec 7, 2011 5:47 PM

The reason you hold your opinion is because you are less intelligent and less informed of the facts than you would be if you held the CORRECT opinion.

Everything did not die when a gigantic asteroid hit the Yucatan.  You really ought to acquaint yourself with the causes of the mass extinction events on earth.  Some killed 90% of surface life (not even SCRATCHING where 90% of biomass on the planet is- underground).  These types of events are fucking cosmic in scale.

Like the sun exploding or the earth's magnetic field ceasing.  We cannot even REMOTELY compare to that.

we can't even fucking kill common farm pests.  Within a few generations, they adapt.  This is what natural selection MEANS.

Nevermind plant life.

Humans sit atop the food chain and most suffer from chronic Downing Effect. 

Dec 7, 2011 5:50 PM

you are human and relatively easy to kill

or maybe i burn it down for spite.  GFL collecting.

you people REALLY ought to think things through.  You presuppose TEOTWAWKI and who the FUCK is going to evict me from what USED to be your house?  YOU?  YOU are gonna invade MY home?  Good fuckin luck.

Who's gonna do it, you're gonna file an eviction notice and the cops are?  HAHAHAHAHAHA...WHAT COPS?

You have what is in your physical possession and what you can defend in such a scenario.  Nothing more, nothing less.

Dec 8, 2010 11:51 PM

the big question is what is real production versus real consumption...watch the inventories drawdowns for upside surprises, as that is suggestive of supply/demand imbalance which will drive price at the margin up sharply and precipitate a redux of 2007/8.

Dec 8, 2010 12:05 AM

privatizing SS would deprive the government of its biggest cash cow.  It's not as if they haven't SPENT every dollar in surplus.  Other nations have SWFs, we have pork and diversity.

Dec 8, 2010 12:10 AM

it may or may not be, but don't ever underestimate the crookedness of bankers and their willingness to break every rule in order to try to maximize their profitability.

As long as there are people who blindly chant "pay back what you owe," regarding bank debt, we'll have this problem.  They can't answer whether you have an obligation to pay on something the bank didn't even own, like if I foreclose on you when I lent you my friend's car while he was on vacation.

Dec 8, 2010 12:27 AM

it's sad that we don't have an honest system and you have to root for women like this; fuck the banks.  Steal from them every chance you get.  It ain't like they really HAD the money in the first place, it's an accounting line item conjured from thin air.

Dec 8, 2010 12:33 AM

do you honestly believe you are going to get any state attorney to seek an indictment?

Dec 8, 2010 12:40 AM

no.  the executives of those corporations need to be held accountable for their malfeasance, just like the captain of a ship.

Yet, at EVERY TURN, from 911 to BP to foreclosuregate we hear nothing other than "I am not responsible, I did not know, I had no way to know."

Meanwhile they steal everything not tied down.  But we prosecute Martha Stewart.  The entire SYSTEM is rotten.

How was Busch not impeached for 911?  Or Condi Rice?  If not for the incompetence of that level of fail - which would get you or I FIRED IMMEDIATELY if we fucked up that badly - but for the bold-faced lies they told about the whole thing being unanticipatable, which was complete bullshit given that not just within the previous couple of years muslims had tried to do the SAME THING. 

No heads rolled.  Money was just paid to shut the repugnant 911 "survivors" up...we are a nation in which the Holy Dollar rules everybody's lives.  We have no morals, no principles.  We love only money.  We love money so much that I'm suprised we haven't all named ourselves after it, as a certain group known for historical love of money has been fond to do.

Dec 8, 2010 12:42 AM

yeah good luck with that.  They'll probably tase you for expecting them to do their job or for the audacity of trying to enforce the law without their plenary control of it.

Dec 8, 2010 3:02 PM

gold has certainly taken a beating the past couple of days since the new intraday high, $20 vertical drops and whatnot.

Also, the bond selloff must be disconcerting as it suggesting US default of some kind.

As the market isn't exactly stampeding to new highs, one is left to wonder where the fuck the money is flowing to.  The yield curve carry isn't exactly that rich, and EMs aren't making new highs.  In the 30s, the 2nd wave of the move down included a massive bond selloff culminating in brute force devaluation.  The action in TLT has been brutal since 108; someone should compute how much extra interest the US is supposed to cough up as a result of this yield move.

Either way, if QE2's purpose was to maintain yields where they were, it has been an utter failure.

Dec 8, 2010 8:02 PM

they should produce a nice chart of who has and produces the platinum.

LOL...be like two countries with any commercially significant production.  The vast majority of ozs we get come from Bushveld in RSA, and about 50% of the platinum mined is used for consumption-based purposes.  Only around 6% of the annual gold production by weight, and 1/150th of silver.

Either gold is overpriced or platinum is underpriced

Dec 8, 2011 1:10 PM

it's getting blowtorched.

Look; it's critical that you evaluate the evidence against the predictions of the ZH echo chamber silverbugz.  Silver is primarily an industrial metal now.  It's not good wealth preservation.  It's risky speculation.

Don't listen to pumpers on the internet, even ZH. 

Dec 8, 2011 1:11 PM

over $30 an ounce?  Damn, man, you must be playing with a REALLY small stack to sweat that kind of price move

Dec 8, 2011 1:13 PM

we should be looking at blowing this thing up right about now

Dec 8, 2011 1:17 PM

only those 6 people huh?

I think you left out several million from Iraq, Afghanistan, Vietnam, Korea, Cambodia, Japan, Germany

Dec 8, 2011 1:18 PM

ionic liquids!!!!!!11

Dec 8, 2011 12:48 PM

isn't a billion like 100,000 millions in the UK system?  So maybe that's what they meant.

Because these "shortfalls" are a drop in the printing bucket for the Fed

Dec 8, 2011 2:00 PM

keep buyin...I guess they can naked short it and end up printing cash to cover

Dec 8, 2011 2:04 PM

Gold, bitchez

but seriously, why is there some fuckin pic of an african drinking and some kind of "waterAid" charity bullshit ad?  Why the fuck can't they develop their OWN water systems like, u know, Rome did 2000 fkin years ago, and have existed for well over a century in whiteyland?

Fuck pouring money down this rathole

Dec 8, 2011 2:10 PM

go back to dickerforum, lemming

Dec 8, 2011 2:14 PM

that's complete horseshit.  The great scientific minds throughout history were anglosaxons.  There were relatively few jews.

jews dominate nobels because they added categories in jewscience like economics.

you find jews galore in shit like economics and finance, peddling race angst, and pornography or other cultural smut.  They've made fortunes on every vice trade known, including running most of the slave trade from Lousiana to south america.

yes, of course, EVERYONE hates the poor victim jews because they're just so damned smart and good at business.  Typical nonsense.  They use clan nepotism to dominate societies but are the FIRST to complain and bitch whine and moan if such a thing were used against them.

They have the fucking ADL for that.  But where is the ADL when the entire Fed board is semitic?

Dec 8, 2011 3:25 PM

what the fuck economy do you think is out there that can pay this coupon you think you're entitled to??

Are you people with your magic unicorn 5% rates insane?

News flash:  for YOU to get your entitled 5%, the BANK has to earn 6% somewhere else.

Dec 8, 2011 3:31 PM

this is pretty much true...the zeitgeist of this generation is suicidal

they allowed the entire culture to be hijacked by its enemies.  they have made things which are categorically false into religions and orthodoxy that will destroy you even for questioning them.

there's a video of some british white woman yelling at some african on a train to go back home.  That's OK, acceptable, justified, ENCOURAGED, when it might be a white immigrant to a nonwhite country.  The messicans will tell you to take your gringo ass home or they'll slit your throat.  They won't print gov't fliers in fking english for you.

and so the gov't jailed her for hate speech and took her kid into protective custody.  At the same time some somalis there beat a white girl to a pulp, seriously injuring her, shouting kill the white slag, and they were given suspended sentences.  They claimed that alcohol isn't common in their culture so they shouldn't be accountable for their actions.

This is absolute, unadulterated cultural suicide.  The liberals in the UK imported cultural destruction in order to assure their own perpetual election, even if it destroyed the country completely.

The end result of this will be all-out war on a variety of levels.  I hope that all the mudsharks go shake hands with the mob and proclaim their brotherhood.

 

Dec 8, 2011 3:35 PM

a bigot?  Gawd, you people are so fucking stupid.

No, I do it to put you idiots onto your mental 3rd rails.   You act like you're redpill swallowers but you defend portions of the matrix to the death.

The ad was for a charity; that would suggest that I am charitable.

If I say africa should build its own water supply infrastructure, I'm a bigot...got it.

Dec 8, 2011 3:38 PM

dude, I just slept with a chick from ethiopa last night.  She was working the desk at a 3-day technical training session I'm attending.  You haven't a fuckin clue what you're talking about.  Guys drop "call me" business cards on her daily.  U want a fuckin pic?

I love provoking apoplexy in idiots like you.  And all you can do is hate on me...but it's hatred borne out of envy because I shamelessly use my superior intellect to make fools of you.

I say africa should develop its own water infrastructure like everywhere else did and I am a...bigot?

You cannot even put to words how fucked up such a pavlovian reflex is by you cretins.  You literally have no control over your own emotions or thoughts.

Dec 8, 2011 3:40 PM

what makes you say that?

Your thesis is that I am trailer park trash because I don't toe the MSM line on race.

This means:

a) you are the equivalent of a fucking TRAINED DOG salivating at a bell

b) you are an idiot

c) the MSM lies about everything and spews propaganda EXCEPT about race.  There they tell the truth.  Because you want to believe it.

d) all of the above

Dec 8, 2011 3:41 PM

state the evidence to support your thesis...

Dec 8, 2011 3:42 PM

your lips to god's ears...

there is an INCOMPREHENSIBLE and unbridgeable gap between the average person and someone like me who is capable of ceiling scores on an IQ test.

Dec 8, 2011 3:44 PM

right up until they steal your funds to cover their own leveraged bets

Dec 8, 2011 4:08 PM

jobs are overrated...we'll all just clean each others' houses

Dec 8, 2011 4:11 PM

gimme ur email and i'll send one over

Dec 8, 2011 4:12 PM

nah, wtf for...

Dec 8, 2011 4:59 PM

money doesn't work except by ponzis

Dec 8, 2011 5:01 PM

totally...this is like a 10-ring circus over there in EUland.  And this frickin EUR is a huge component of the SDR and all the other baskets.

There's simply no mechanism for anyone to take control and all the best-laid plans of printing by the Fed have seemingly been for naught because the Germans think their export mercantilist ponzi is somehow "real" while the money they lent to Italy to buy the shit they produce was "living beyond means."

Or perhaps they've learnt the lessons of judenfotzen as applied to the Weimar period

Dec 8, 2011 5:06 PM

uh...yeah, um, you need to return that "internet sleuth" degree from DeVry, bud.  I have never said anything that suggested I was from australia

Dec 8, 2011 5:07 PM

ah, timing...yeah, it's everything.

And there's this thing also about don't jump in front of steamrollers to pick up pennies.  I liken the deflationist argument to proposing to grab wallets and cellphones during the stampede in a nightclub fire and thinking you're going to grab all that wealth and get out.

Dec 9, 2010 1:37 AM

yes because Americans can not use maps.

The PMSA data would seem to suggest he is lying or in error.  NY Metro is one of the most populous metropolises on the planet.

Dec 9, 2010 1:41 AM

the vaunted high speed rail will NEVER be profitable.

That is China...massive projects with no possibility of real profit - ever.

Think of all those unprofitable commercial projects, unprofitable factories, unprofitable rail, roads...and then think of the cancer rates.  The last time there was this type of wanton abuse of labor and pollution of the environment, we had the gigantic union and national socialism movements all throughout Europe.  China is on a collision course with destiny.

Dec 9, 2010 10:17 AM

well, so long as it's full of rhodium, lol

but, seriously, gonna hafta invest in an ultrasonic thickness gauge which will be able to spot fakes by the discrepant readings from reference.  It's either that or the bite test, I guess...

As far as the allocated gold, I'm not so sure 30 days isn't reasonable.  The bank probably leases the vault space (meaning that its lessor *may* be lending out that gold itself).  You have to do DD on whether your bank actually holds itself or contracts it and what the terms of that contract are.  Twisted web.

Dec 9, 2010 11:49 AM

who cares?  The opposition doesn't have the votes to block it

Dec 9, 2010 12:05 AM

break the peg, China...

Dec 9, 2010 12:15 AM

The Fed is printing the coupon anyhow, so why not get a lower price to get more mileage out of QE2? I mean, maybe they did back of the envelope and figured that they could stretch the print further. They are floating the deficit anyhow

Dec 9, 2010 2:28 AM

totally...hear constantly, nonstop, incessantly about how "capitalism" failed us when at every step, it has been interventionist predation that led to untenable distortions.

All the big fish want is monopolies and rents and they have stacked the government with the people to give it to them.

Watch the privatizers start the talk of selling utilities as the socialist scumbags in Chicago did with their parking meters.  As if selling off the land AGAIN is the "free market" invisible hand of Adam Smith.

Dec 9, 2010 2:35 AM

agree...one of the few energy self-sufficient nations, agro, kind of autarkish they are.  One of the top of the list for bugouts, plus the girls there are top shelf as is the food

Dec 9, 2010 2:52 AM

RP should take the Fed's power and give it to Congress.  That way we can get to the end of this awful movie a lot faster.

All the shit people have grown accustomed to feeling entitled to are a fraud.  Get ready America to live with what you can produce, and no more NIMBY Greenpeace fags trying to stop the transport of nuclear waste to Yucca and shit like that, those who love the fuck out of electricity but despise power plants.

There is no goddamned pixie fuckin dust, no leprechauns, no unicorns shitting skittles, and no free lunch so we can all have silly fetishes about the importance of diversity.

It's either that or gird up for war to protect this happy motoring culture.

Dec 9, 2010 6:18 PM

RT just tells it like it is.  On some days, PMs actually go down.  And fluffed up .coms like NFLX go up.  A lot of people can't handle price action not doing what they'd like it to.

Dec 9, 2010 6:23 PM

the thing I focused on in the article was that the futures markets are stuffed with financial institutions, not producers and not consumers.

The futures market used to be producers selling short to fix a price and a consumer buying to get real delivery.

Now it's all a bunch of fucking banks trying to run the price action here or there to bust out all the producers and consumers.  Really they should think about position limits for those with no real silver.  It isn't as if there was no market liquidity before the invasion of institutional speculators who dwarf the real production levels.

Dec 9, 2010 6:32 PM

i'm uh...thinkin we can probably get to that, drawbridge or not.

but it must be nice to have so much fucking money you can spend the entire net worth of the incredibly rich just for a house.

Dec 9, 2010 6:37 PM

this is an easy one...just take a look at the breakdown of crime by tribe.  The BJS does this as do a gazillion others.

The tribal tendencies are still in play and why there are discrepancies in rate of violent crime.

Dec 9, 2010 6:39 PM

50 million taxPAYERS?

You need to take a peek under the hood of who is getting abortions and in which socioeconomic demographic.

If crime has *fallen* because of abortion, then these were not, by and large, taxpayers. 

Dec 9, 2010 6:45 PM

kids have testable aptitudes.  stupid kids aren't hard to identify.

Dec 9, 2010 6:53 PM

bullets are too abundant and relatively useless.

If you want something to stockpile, antipyretics and antibiotics.  Forget the madmax stuff; won't happen.

Deflation in the USD will mean that foreigners, paradoxically, are starved for the dollars needed to support their USD debt, which is 75% of world debt.  This is the privilege of the reserve currency.  It is how we've been getting oil for free for 30 years.

Dec 9, 2010 6:56 PM

wrong.  Dead wrong.

Stop watching movies.

the people in the country are those who will go without power as there are more voters in the city.

Review Argentina for a real-world economic collapse.  You guys with your zombie apocalypses are hilarious.

Dec 9, 2010 6:59 PM

oil is priced in gallons?  Did I miss something?

I got unfortunate news for you man, every well and field in history has eventually peaked then declined.

Dec 9, 2011 11:10 AM

in "office."  He doesn't like this job nor want this job.  He just wanted to BE President for the adulation, just like his "leadership" of the Harvard Law Review.

Dec 9, 2011 11:15 AM

ROTFL, if you look at the history of war, this is EXACTLY what the fuck they do, as a matter of ROUTINE and especially when the war isn't going well.

Look at how many theatre commanders we've had in each war we're in now

Dec 9, 2011 11:19 AM

you're full of shit.

The people empowered under Florida law to designate electors designated for Busch.  That is because he won every count.

The Florida low courts ruled in his favor and then the DEMOFAG Florida Supreme Court decided THEY wanted Gore.

There was NOTHING wrong with Florida election law and everything wrong with Florida's high court judges' not liking the outcome of the process and that demofags can NEVER follow the law.  I hate repugnicons as much as the next guy, but at least they don't have this arrogance about their stupid and silly worldview like demofags do.

Dec 9, 2011 11:22 AM

yes, NEVERMIND that Busch won EVERY fucking recount.  Busch was a miserable president but he did actually win the 2 elections.

the Florida Supreme Court was to blame for that fiasco and the fact that its peer actors under Florida's Constitution didn't ignore them.

Just remember, rules do not apply to libtards and their ends ALWAYS justify whatever means they use.

Dec 9, 2011 11:25 AM

we call this a bitchslap.

I would have expected him to know this...can't believe it when people can't recognize the truth.

Dec 9, 2011 2:09 PM

no...China is the FUTURE.  The MSM says so

Dec 9, 2011 2:11 PM

I almost get the sense you're suggesting I shouldn't believe much of anything I hear on the MSM?

Dec 9, 2011 2:18 PM

so the solution is to invade everywhere to preempt this type of risk.  We're not going to sit around and even wait for someone to contemplating thinking about considering something to threaten us before we TAKE ACTION

Dec 9, 2011 2:33 PM

this is wrong.

The meth problem is a result of natural selection..aka evolution.

Selective pressure has been applied via the drug war and has been in favor of meth.  If given a choice, users would choose narcotics or coca-derived products which are not physically destructive like meth is.

However, when competitive pressure favors meth so much (because it can be cooked easily inside the country and needn't transit a border), users who want a high go for that.  If they stamp meth out, it will favor sniffing glue and solvents.

This is just how things are.  Many people desire to use drugs and will find something to get high with.  Either you steer them toward an addiction which is manageable like opiates or you progressively force them to rot their brain on paint thinner.  Africans even resort to sniffing shit.

Dec 9, 2011 2:34 PM

you're a fucking idiot.

If drugs were legalized in the US, there would be NO NEED TO TRANSIT MEXICO.

Do you people bother to THINK before speaking?

Dec 9, 2011 2:42 PM

dude...the MSM SAID IT.  And I refuse to question ANYTHING from the MSM that I want to believe

Dec 9, 2011 2:43 PM

...and what they did have they have polluted beyond the possibility of human contact

Dec 9, 2011 6:25 PM

delusional

Dec 9, 2011 6:26 PM

..but if you start pulling your cash out, they call you a terrist for inciting a bank run and then they seize it because it's obviously the proceeds of criminal or terristic activities.

Dec 9, 2011 6:30 PM

what a retard...a new dark ages all because silver is going to defy your supersmart predictions.

Silver is still substantially more abundant in the crust in ANY EVENT than gold is...a GSR of 1 is more likely in the event gold crashes to $32 than the opposite.

Nobody is going to invest in silver in a crash you idiot.  Haven't you cost ENOUGH PEOPLE their life savings with your shameless silver pumping?

WTF is this there is far less silver than gold?  That is complete bullshit.  There is 15x as much silver in the earth's crust than there is gold, and hundreds of millions of ounces more mined per year than gold.

You want to make a case for parity and shit, make it on palladium, not silver.  Stop your stupid lunatic silverbugz pumper bullshit, dude.

Dec 9, 2011 6:34 PM

at the bottom of the ocean; it fell out while i was kayaking

Dec 9, 2011 6:39 PM

CHS:  "What we have increasingly observed over the past decade is nothing but the gradual destruction of the ability of the financial markets to allocate capital for the benefit of future growth"

There IS NO future growth, you dipshit.  That's the fking problem.  Oil production plateaud and the world has been in no-growth for a few years.  The US considerably longer.

Dec 9, 2011 6:44 PM

it wasn't a defining moment in fuckin history, nobody is even LISTENING to this negroe anymore

Dec 9, 2011 6:51 PM

Idiot

Dec 9, 2011 6:53 PM

your assumptions are incorrect and your argument is based upon false premises.

Why do you ASSUME the price is set by the the amount of metal remaining above ground?  Oh wait, I know why, because you're a fucking idiot silverbugz pumper shill.

Commodities prices are set at the margins by slack production.  Not by your asinine theory of "ground stockpiles"

If you want a good stockpiling story against ACTUALLY low production, check out Palladium and Platinum. 

Dec 9, 2011 6:56 PM

you motherfucking IDIOT.

The earth mines 800 MILLION ounces of this shit every year.  The amount ABOVE GROUND does NOT FUCKING MATTER as far as setting the price of the commodity.

SUPPLY MATTERS, not the goddamned number of ounces sitting in a fucking stupid warehouse where you seem to believe ALL silver consumers go to buy the fucking stuff.

Next you will claim how much OIL we have in tankers matters.

Dec 9, 2011 6:58 PM

you just equated murder with sterilization?  Wow you are fucking stupid.  Not a day goes by that you don't amaze me with how stupid you are.

Still waiting for $60 by next week.  The SCOREBOARD is laughing at you, cliff.

All you have is your get rich quick schemes- fucking listen to you.  GET RICH OFF SILVER.  You fucking pumper shill

Dec 9, 2011 9:03 PM

right about what?  You said that HSBC was going to sue some private guy over who owns gold in a sequestered account at MF Global?

Jeezus, how the hell did you get all those calls so wrong if you're psychic?  Oh wait, you never actually were right about anything

Dec 9, 2011 9:04 PM

you fucking idiot...you have a SUIT over shit.  Not a fucking comex default. 

GFD you are stupid and desperate. 

Dec 9, 2011 9:34 PM

yes, GET RICH QUICK with SILVER!!!!!111

Dec 9, 2011 9:35 PM

it sort of has been like watching religious whackjobs make predictions that failed and then said whackjobs continued to cling to their religion.

Dec 9, 2011 9:44 PM

HAHAHAHAHAHAHAHAHAHA

that was DELIRIOUSLY stupid...new personal best for you, cliff

Dec 9, 2011 9:46 PM

I said that commodity prices are set on SLACK SUPPLY, at the margins, you fucking MORON.

I truly WISH you were intelligent enough to understand what this means, then I wouldn't have to type so many insults to you.  Unfortunately you are just STUPID.

"Silver to $60 by next week."

You stupid cunt

Dec 9, 2011 9:47 PM

ROTFL, boy the MORONS are out in force tonight.

If you have READ what I wrote about it, I have done exactly that, pointed out that silver production has not peaked (gold did in '01).

And there is NO SUCH THING as peak cheap oil.

Dec 9, 2011 9:52 PM

no, it all went overboard as well.

I love how you cretins with your binary world brains can't seem to grasp that "silver is not going to infinity" does NOT imply that "silver is going to 0."

I have said fifty times that when silver peaks, it will receive the same price tailwind as gold has enjoyed.  However, stockpiling the stuff to try to get rich when TSHTF which is what most of you idiots are doing, is RETARDED.

Dec 9, 2011 9:55 PM

Tokyo will be evacuated or dead by next week.

You're going to be reminded of this prediction as well.

You should have learnt by now to stop doing this.  You simply AREN'T any good at it.

Feb 1, 2010 10:01 PM

Look you're obviously an idiot for thinking that there is any difference between NeObama and Busch, so this is probably wasted on you.

There are very specific reasons we are in Iraq and they are so all-encompassing that Al Gore would have had to invade too.  We simply cannot NOT be in a nation such as Iraq.

The rest of your tripe about O'bamma "fixing" Busch's fuckups..whatever.  Partisan bullsh!t rah rah cheerleading.  Both parties are the same, Bama is simply going to do what Busch did except bigger.

Know why the surpluses turned into deficits?  Because the tax receipts the "economy" was based on were a fucking SHAM.  It was all a ponzi and has been for 20 years.  The stock, housing, everything bubble.

And SS has hit parity on payouts compared to receipts and Medicare is effing bankrupt.  These are ancient programs that are gnawing away at the budget because they went to parity FAR SOONER as a result of the collapse of 20-year bubbles than anyone expected.  No amount of "policy change" would have mattered.

Peak oil collapsed shit and that is outside of the control of Busch, Clitton, or Bama.  We sit in Iraq because Mexico is not going to be exporting a drop by the end of the year.

Feb 1, 2010 10:14 PM

Does anyone actually believe that the Repugnicon vote against the ceiling lift was anything OTHER than political theatre?

Feb 1, 2010 10:37 AM

Investigate Real Bills Doctrine.

I cannot believe I am the only one who has heard of Adam Smith

Feb 1, 2010 10:50 PM

"Green" jobs?  LOL.

Schools?  We waste so much money on them already. 

The war machine needs to be cut, but the good fiscal picture of the 90s was a mirage.  Everyone should see that now

2 parts SS surplus, 1 part capgains off of a stock ponzi

Feb 1, 2010 10:52 PM

Bama's sendup is only $3.83T.  Once you get some supplementals for war and some pork, it may highside $4T.

This represents $600B over Busch's worst

Feb 1, 2010 9:45 PM

the banks used their bribe money wisely.

They now WHOLLY OWN the Congress and there is no reform to be had through standard means.  Apparently, violence is the citizenry's only recourse.  Sad.

Witness also how NeObama sends up a $3.83T budget with deficits listed in the $1.5T range IFF 2010 tax receipts match 2009, which is dubious given rising UE.  Also, they've already written in the CapnTax revenues in their 10yr projection.  Revenues which are highly unlikely to materialize.

This is just bordering on totally delusional insanity.

Write all the letters you want, make all the picket signs.  This one apparently is only soluble from the end of a gun.  How tragic that our representatives have all become traitors.

Feb 1, 2011 1:10 AM

shot for what?

apparently, accurate understanding of WHY the ponzi decided to inflect escapes nearly everyone around here AND BB.

It ain't as if it hasn't been explained to you.  R. Paul would have made no difference

Feb 1, 2011 1:14 AM

JFC, this board has become nothing but a sorry menagerie of conspiracy nut moonbats.

Fuckin BB is maniacal and diabolical and all this shit...jfc, people, if the almighty "TPTB" are so effin maniacal why the fuck don't they just fuckin nuke everybody?  God damn, this financial collapse "plot" you cretins froth about has more twists and turns than The Big Sleep.

Bottom line:  our MAIN source of energy has inflected in supply.  It is FOOLISH to think that in the face of this that there would be NO effect! OK?  Even if we "figure something out" in a historical minute, that could still be a DECADE or more in real time for us!

Stop expecting the effing change to be some kind of punctuated moment.  History is a drawn-out process.

Feb 1, 2011 1:22 AM

NO.

The simplest explanation is that he does not understand the problem.

In fact, BB is doing what is NECESSARY to prevent the collapse of the money supply of debt!

Credit is NOT growing...this issue has been explained a million times.  However, BB CANNOT print value nor can he reverse the future's tendency toward aggregate contraction and the consequent discounting of debt instruments

Feb 1, 2011 1:30 AM

There IS NO plan!  WTF would be this gd plan???  To what, kill everybody?  The fuckin oligarchs just weren't HAPPY with fuckin lavish prosperity so they try to foment worldwide revolution?!?!  How the fuck is that going to jibe with their cushy globetrotting lifestyles?!

They're so psychopathic in their diabolicality that they just NOW decided aw fuck Lloyd, all this money and bitchez is boring me and shit, let's fuckin go kill everyone...seriously??

Yeah, good idea, let's start revolutions that get us thrown out of office and maybe executed...BRILLIANT

Feb 1, 2011 1:37 AM

No; he doesn't know it.

Look; we just came off of a 400 YEAR unabated period of growth.  Look at the shit we can do now, just look around you.  Look at all the things that oil has permitted us to do.  And coal before that.

Oil is no longer growing, so all the things built upon it, our entire society of personal mobility, flight, thermoplastics, the ability to feed this many people, the entire ponzi...it's in danger.

Is it the end of the world?  Certainly not.  It's the end of what we know, for sure.  Up is now down and shit that worked for 400 YEARS no longer works and so everyone is puzzled.  Maybe we'll figure something out and come up with a new energy source and we can have another phase transition like coal to oil where we went from steam trains and steam ships to everyone and his mother having a car and the ability to fly around the world.  Or like wood to coal where suddenly we had the ability to make freakin MACHINES that could move us around at speeds which 50 years prior were only achievable in freefall from a cliff.  Think about the coal age - steel, manufacturing, trains, machines...a huge quantum leap.

But this discovery may take 10, 15, 20 years...300 years from now, when faced with a similar inflection, people may read about us and say look, they made it through that transition in a blip...but that blip may take a substantial portion of our lives whereas it takes only a minute to read about.

History took a LOT longer to happen than it does to review in print.  BB is doing what he needs to do to stave off collapse of the credit base.  But he can't print oil.  He can't fix the real problem of inability to maintain growth.

Feb 1, 2011 1:42 AM

there is faith and then there is delusion

Feb 1, 2011 1:47 AM

You're supposed to wait for trav777 to show up and order off the menu for you, before eating

As a matter of fact, that would be a very goddamned good idea before idiots like you run off and start thinking that you should do something.

The moonbat shit going on here about Satan and fuckin hive minds and all this kookball stuff doesn't qualify as either thought or analysis- it is pure craziness.

What is happening is actually VERY simple; so simple it's an ELEMENTARY growth problem.  Unfortunately, Bartlett was right; I simply MARVEL on a daily basis though how few can get it.  We are facing a fairly trivial issue of a growth ceiling bestowed upon us by our mundanely finite REAL world

Feb 1, 2011 12:52 AM

WTF?  are you moonbats smoking something over there?

There is no goddamned super consciousness, no fuckin conspiracy.

Concert of action by likeminded actors can APPEAR conspiratorial but it isn't.  Is a fish school a conspiracy?  Does it have its own consciousness?  NO.  It merely looks that way.

Feb 1, 2011 12:55 AM

there is no hive mind.  This is kookball shit.

Feb 1, 2011 12:57 AM

There is absolutely no evidence that there is any intelligent life in the universe other than us.

Please, put the bong down, loosen the tinfoil hat, and relax

Feb 1, 2011 2:04 AM

what the hell part of the way I talk to people like you gave you any notion that I have any patience for you?

Why would an oil focused fund have unlimited upside?  You are making conclusions which are fallacious and unwarranted.  That's my politespeak for saying you are an idiot.

I forget, are you one of those peak deniers again?  One of those whose belief system leads them to inadvertently assert that production will grow to infinity?

I know, man, it really sucks for someone as arrogant as you to run into someone who can really lay the bitchslap on you, but buck up and learn to cope, sheeit

Feb 1, 2011 2:08 PM

yes...but gold and silver down.

This permits the Fed and other top pols to say hey the great inflation indicator is saying no inflation.

If the POG goes apeshit, people will realize. 

Feb 1, 2011 2:09 AM

YES...so unless we are going to assert that droughts and flooding are man-made acts under the control of the SatanHive, then we have to conclude that there really isn't a human PLAN causing this BS.

Food prices are also driven by energy prices because we are basically EATING OIL with our modern petrochem agriculture.  Top that off with our plans to burn food (grown with oil) to replace oil in our cars and you have a double or triple whammy of stupidity.

Our "leadership" are idiots, not geniuses.  We have morons like Chavez in charge who think they are powerful enough to really control things.  I mean, price caps???  Morons try this crap all the time, yet everyone with a brain knows (empirically no less) that they do not work!  The simplest explanation is just pure stupidity and the Downing Effect.

Everyone would be wise to understand the Downing Effect; it explains most everything you see from people "in power."

Maybe it is a stretch to call them idiots; from where I sit maybe they are.  But in reality they are just not as smart as they THINK they are and they have a demonstrable inability to understand that.  They trust their own judgment far more than is warranted.

It's very easy for people like them to get that way, too...due to the echo chamber and Gresham's Law created by a nonstop procession of sycophants

Feb 1, 2011 2:20 AM

what the fuck does the AMOUNT of oil in the freakin earth have to do with the PRODUCTION RATE of said oil?

GFD, man, how many times do we have to go over this shit?  Seriously?

Peak is a theory?  News flash, genius:  it HAPPENED.  The US Peaked in 1970.  And all the dumbass cornucopians who claimed technology would arrest it...where are we now, man?  Down 40, 50% from peak?  After 40 years of throwing whatever we have at it.

Relativity is called a THEORY as well...u gonna shit on that now too?

Feb 1, 2011 2:21 AM

I do not subscribe to such silly and idiotic notions.

Morons do not make worthwhile contributions to intelligent discussion.  Democracy can go fuck itself; it got us to where we are now.

To paraphrase, if the road you followed brought you to this, of what use was the road?

Feb 1, 2011 2:22 PM

Jordan's gov't has now resigned.  The King obviously wants to avoid a similar overthrow.

Ghoulface Skerry has called for resignation, some rumbling from the US Senate is significant.  Several other governments, Iran and Turkey most notably, have called for Mubarak's resignation.

Can NeObama get off the golf course long enough to make comment on this?

Feb 1, 2011 2:23 AM

ROTFL.  Just like Mr. Market got his hands around peak in 54/65 oil producing nations, including the US and USSR, right?

Mr. Market jumped up and took control over that pesky physical reality.  LOL.

This is going to sound apocryphal but the whims of MAN do NOT dictate reality.

There are TWO and ONLY two choices:  either oil production will grow forever or else it will eventually peak.  Which option do you believe?

Feb 1, 2011 2:27 AM

Wish more strenuously.

If we all hold hands and wish as hard as we can, collectively, upon a bunch of stars, perhaps reality will do us the favor of conforming itself to our desires...right?

We better meet in the desert, like during Burning Man or something, bc we can see more stars to wish upon.  And the moonbats around here will be around like kind n'shit

Feb 1, 2011 2:35 AM

My pet Leprechaun calls bullshit on all of your "friends" and their Area 51 tall tales

Feb 1, 2011 2:46 AM

and your clue was what, the way I diss on jews?  The way I called him Jewms Kunstler in a previous thread?

LOL

Feb 1, 2011 2:47 AM

are you effin nuts?  I am not jewms cuntsler lol...

I am way younger and better looking than he is at any rate...moonbat is way older than his clusterfuck blog

Feb 1, 2011 2:51 AM

I have many times...what, do I have to write my manifesto in every comment?

the monetary system will die on its own as will anything promising more into a future of less.  I have repeatedly called for currency based upon real production, i.e., real bills.

Banks should be like utilities, nothing more.

However, this does not make BB an idiot or malevolent.

Feb 1, 2011 2:53 AM

what we are experiencing NOW is the onset of that pain.  It may last a long time.

Feb 1, 2011 3:11 AM

nope.

I never get angry about things like this.  I have accepted it.  I actually don't think the end of the world as we know it will be all that bad because this effin world SUCKS.  I mean look around you for a minute and ask yourself is this shit so great?  Some of it is, sure, but a lot of it ain't.

I ain't angry at reality; that's stupid.  It's like bein angry at the rain.  I don't get mad at reality or nature; I get mad at people.  I'm not pissed at the clouds, I'm pissed at the morons who can't drive in a bit of drizzle.  I am angry at people for being so goddamned...human.

There are a lot of unfortunate psychological artifacts in play that make humans their own worst enemy and no matter how hard you try, you can't reach people.  THAT is what frustrates me.  People call me a cynic or doomer, which is bullshit, but who would get as frustrated as I if they didn't really care?

I wish I could get people to understand, but most just don't want to.  This entire situation is a failing of humans who do not know what to do and do the wrong thing.  Plus, eTalk is cheap and cathartic.

surely there was one of me on Easter Island...had to be at least one.  And they probably laughed at him and built those fuckin statues while they continued their virus-like behaviors.

 

Feb 1, 2011 3:11 PM

The article you referenced on the BP find was from 2009.  It is 2011 now.

Even if this reserve is as large as Forties, that does not in any way make it the largest find ever and it would be smaller than Prudhoe, which did not establish a new US production peak, much less having the capability to arrest world production declines.

Again, DO NOT focus on the reserves stated.  Focus ONLY on the expected production rate from said reserves.  I do not know how many times I can say this or how I can rephrase it so that people will understand.  YES, I am telling you to IGNORE nearly everything you read in a press release about an oil find and to go do subsequent research to determine the QUALITY of the reserves in terms of RATE of production.  That may be more difficult than just pasting links.

The US will not boost oil supply 50% in 2011.  We will not go from 6mbpd to 9 in one year; it won't happen.  The Jack field article you posted is from 2006, dude!  Stop pasting STALE articles and pretending like press release HYPE can substitute for reality!

I honestly TIRE of having the same old crap thrown up as evidence when evidence to the contrary is so ubiquitous or when the crap has already been refuted.

NOTHING matters other than production rate.  Nothing.  This is because all reserves are not of the same EROI or what I called "quality."  For example, we often hear how tarsands have as much oil reserves as Saudi Arabia. However, tarsands will at most produce oil at 1/3 the rate of KSA's reserves, less if you account for the substantially lower EROI of the tarsands vs. KSA's conventional deposits.

Feb 1, 2011 3:20 PM

All the answers?  Absolutely not.  Some of the answers, yes.

A troll would not speak the truth- I speak the truth.

Feb 1, 2011 3:24 AM

a lot of people on TF held that opinion which I shared.

Before you know, Douchinger banned everyone.  I told that stupid SOB that Ben was gonna print and I got gang tackled by all the acolytes over there.  Well, score it trav 1, douche 0

I don't despise democracy; I just don't find ANYthing persuasive in the suggestion that the franchise of it should extend to the incompetent.  And by incompetent, I mean in the literal sense of the word, not as a pejorative.  Only the highly intelligent should have a say.

Think of a household...who gets say?  The parents.  Those who have a stake, those on the hook, those with the wisdom and brains.  You don't let your 8 year old drive the fuckin car or pick his meals.  Why?  Because you're an age supremacist oppressive racist bigoted nazi?  No, because he ain't goddamned QUALIFIED to make his own decisions.  When/if he is, you let him.

Most people lack the prerequisites for self-determination.  And by most I mean a clear majority of women, blacks, hispanics, and all of the other favored groups.  Women simply need another million years of evolution, making decisions, to overcome the last million where what they thought or wanted was irrelevant.  As for the other groups, jeezus, look at the "democracies" where they hail from and tell me they have a freakin clue about who to elect.  Look at the voting track records here.  This shit may sound offensive to many; so what?  A lot of people get pissed off at the truth.

Feb 1, 2011 3:28 AM

Look man you shot your credibility all to shit at "Macondo."

It's not the biggest supply ever found, not even remotely CLOSE to such.  Such a statement is ridiculous.

My mind don't need "freed," homeslice, it done been free for some time now when I made peace with the fact that RESOURCES HAVE CONSTRAINTS.

As for 3 forks and Bakken...man, don't give me this pissant few 100 kbpd shit and act like it changes a damned thing.  Shale frac is primarily a NG development tool anyhow.

You simply have got to get to grips with the fact that ANYONE claiming peak oil does not exist is claiming, ergo, that oil production can grow to infinity, forever, ad perpetuum

Feb 1, 2011 3:44 PM

Should be foreseen...this is how inflation gets to the "people," a confusion among the last few holdouts for deflation like Douchinger.

SNAP will be in more hands and with larger COLAs.  The gov has to spend all that QE; this is the point of it.

Feb 1, 2011 3:48 PM

easy stuff...

SNAP keeps the lower classes "invested" in the gov's policies

The relentless stock rally keeps the lower upper classes invested in the gov's policies.

Buying bonds and bailing out banks and keeping massive bonuses flowing keeps the upper upper classes invested in the gov's policies.

This leaves only the middle class that still has a job to not qualify for SNAP and inadequate income to really participate in the stock market. And who gives a shit about them?  They can be outvoted by the other groups.

Feb 1, 2011 3:49 PM

I thought so too but was too chickenshit to risk any money on it.

solid double bottoms on BAC and DB told the tale...

Feb 1, 2011 4:29 PM

Pt goes apeshit when Russia works through its stockpiles that it has been selling.

There are like 2 significant sources of Pt in the world, Bushveld and some Russian production at Norilsk.  <6Mtoz annually, a fraction of gold.  Pd has similar production stats, IIRC; dunno why it's so undervalued vis a vis.

Here's a random google link on annual production of PGMs thru 08

http://www.indexmundi.com/en/commodities/minerals/platinum-group_metals/platinum-group_metals_t5.html

Feb 1, 2011 4:32 PM

all platinum ever is like a 20' cube.

a 6" cube of this shit weighs like 165lbs.  I wear a Noble around my neck as a tribute to this metal. 

Only denser shit out there are iridium and osmium.

Pt rightly should be priced probably 5-10x POG, but the Russians have been selling stockpiles into the market.  I think that Pd being less than gold is a true mispricing.  If you click a few links you see that Pd and Pt have roughly equivalent production stats and given their similar industrial usage profile, I can't find much of a reason for the pricing mismatches.  Either Gold is overpriced or Pt and especially Pd are underpriced.

Feb 1, 2011 4:37 PM

Boomers trying to eat grandchildren are going to have to go through the Xers they made into latchkey kids of broken homes to get to them.

Feb 1, 2011 4:41 PM

Fuck civil rights...how in the hell could you put that one up on the shelf as a trophy?

Giving the thug class "rights" was one of the worst moves of the last century.  I mean, how much more "diversity" do we need before we completely destroy ourselves?

Feb 1, 2011 4:51 PM

this is the most repugnant shit I've read, I must admit, in a long while.

And know what, given the freakin ethnic monolithicity of the banker class, this whole muslim terrist al qaida threat shit will drive them in to a harmonically reinforcing frenzy.

We simply MUST PROTECT our leechfuck dual passport class from the terrists...put Secret Service around them 24/7/52 on our dime!

Feb 1, 2011 4:56 PM

nah, what he's saying is that the standards of living that were fueled by debt are over.

They are going to print to cover a lot of that debt and everyone's lifestyle is going to fall.

I have no clue why anyone marvels or rails against what is an INEVITABLE decrease in standard of living caused by the debt bubble's popping.

Feb 1, 2011 5:47 PM

He thinks he's dealing with subjects, yes.

He sees himself as King and is grooming his mfing SON to takeover.  He thinks he has a line of succession going to a Constitutional Presidency.

but then, look at the USA...from Georgetown basketball to the fuckin Mayor of Chicago; the cretins love their Kings.

This is why I say most people shouldn't have the right to vote.  Even in the early USA, the sheeple wanted GW as King.  He refused.  Men like that should vote, the rest STFU

Feb 1, 2011 5:51 PM

I can agree with this; the more BK the stock, the more it went up.

Always had a question as to how equities would behave during an inflation, prior to the entire crash, back in the mid 00s.  guess I got my answer lol

Feb 1, 2011 6:08 PM

watchin the zillions still out in the squares chanting LEAVE LEAVE

Feb 1, 2011 6:12 PM

talk about out of touch...this guy is cooked and he doesn't seem to know it.  Kinda like Marie Antoinette's indignation at being driven to her execution in a horsecart instead of a carriage befitting her status

Feb 1, 2011 6:45 PM

goin to pay rapists, thugs, and excons to gyrate after every mundane play

Feb 1, 2011 6:49 PM

O Brave New World, that has such people in't

Feb 1, 2011 6:53 PM

don't you have something to do?

Feb 1, 2011 6:58 PM

^^^^ what he means is get all those fat black people off of SNAP

Feb 1, 2011 7:01 PM

You must really not know any "poor" black people.

SNAP is one of the most scammed programs out there, along with SSI.

I'm not sure with what bein white has to do with it, other than you're a fuckin racist.  BTW, I feed myself.

Feb 1, 2011 7:10 PM

pennies?  This has been the greatest rally of all time, there were more 10 baggers than you could shake a stick at.  A moron making a one-way bet based on faith could have gotten filthy rich

Feb 1, 2011 7:12 PM

did you REALLY expect hispanics to magically become different than they were in a different geographical location?

Feb 1, 2011 7:17 PM

you forgot the adjective "black" and that the family may only span like 45 years in age.

They don't see it as shackles, they see it as free cheese from tha man in exchange for whitey racism.

I'm not sure how it is shackling them; they'd be eating collard greens and lentils otherwise.

Feb 1, 2011 7:22 PM

u want the fuckin math?

sum x^n / n!  as n:0->infinity

Feb 1, 2012 1:01 PM

ideas are the easy part.  Everyone has ideas and everyone has dreams because Martin Luther King invented them.  But I digress.

I have worked with idea people on ventures before.  They don't get it.  Ideas are a dime a million.  Execution and implementation are the hard part.

I laugh at morons who think scientists need to be given ideas by "visionaries."  It's horseshit.  Scientists are MORE creative than ordinary people, which is how they came up with shit that nobody else could have.  So what if HG Wells wrote about some kinda "portable long distance communication device"...he was not the ONLY ONE with the icarus wish. 

Everyone dreamt of flying...the Wrights made it happen.  Archimedes came up with the death ray.  He didn't need some dipshit pot smoker to give him the idea.  Belief in the power of ideas is a conceit held by people who can't do math and don't understand science.  It's all they have to try to buttress their self-worth.

Feb 1, 2012 1:06 PM

why?  That's just another topic that people avoid.

Gross may or may not know the truth just like people may or may not know that you can't nurture girls to be boys.  People routinely avoid things that they wish weren't true.  This is just one of them.  I used the other one as an example.

There's nothing the fuck wrong with my health, dude...I'm not like you.

Billions isn't enough for a dude like Gross.  There's never enough.

Feb 1, 2012 1:07 PM

There is GDP and then there is GDP.

Feb 1, 2012 1:11 PM

People wonder why Gross is pissed?  How's he going to explain this shit to his rentier class customers?  Not only do they have to pay HIM but now they have to pay someone ELSE too?  And all to LOSE net worth?

Grab something real that can't be taxed.

Feb 1, 2012 1:13 PM

IDIOT!  Gold pays NO COUPON.

Oh yeah, neither do treasuries...fuck, well...carry on then.

Feb 1, 2012 1:14 PM

Can I borrow at negative rates?  Because I will buy a house then

Feb 1, 2012 1:15 PM

It's not real wealth, dude.  Bonds are a claim ticket on a future that can't pay.

They're effectively worthless.  The UST complex is held together by petrodollars and our military.

Feb 1, 2012 1:17 PM

will somebody PLEASE lay out Obama?

Feb 1, 2012 1:20 PM

he wants more black people in houses paid for by whitey.

Minnesota puts up billboards, "It's hard to see racism when you're white."  W T F.  No it ain't.  Just get caught out on a beat whitey night.  You'll see that plus a bunch of stars.

And black people go yeah, hell yeah, that's right, heeba wooba jeeba wobba, gibs us mo opportunities n'shit.

And people like MsCreant see her dipshit university hiring minorities for the sake of having minorities and we wonder if there are really "opportunities" out there.  WTF.  This place is a total clusterfuck run by idiots.

Feb 1, 2012 1:22 PM

he's black...and if you don't love everything blacks are and hate everything white, then YOU BEEZ RAYCISS.

Got it?  Any fuckin questions? 

Feb 1, 2012 1:24 PM

Future surplus gone bitchez

Feb 1, 2012 1:30 PM

you're a fucking idiot who understands next to nothing.

You raise strawmen all the time to knock down.  It's totally pointless. 

Name another POSSIBLE source, you fucking RETARD.  And by possible I mean something that isn't a mfin PIPE DREAM magical thinking that may as well be fuckin unicorns.

You still can't ACCEPT what is happening in front of your fucking eyes, can you?  You're so stupid and delusional, cliff.

Feb 1, 2012 12:40 PM

Just read the last paragraph people...it tells you what the problem is.

Gross is a paperbug.  The last 30 to 50 years have produced "outsized gains" for finanical assets, aka paper.  It has allowed people like him to have "AUM" that they turn into massive gains and skim off those gains to themselves, along the way buying private islands and yachts.

What Gross is saying is that those days are over.  People like him are facing extinction and the possibility of having to WORK (gasp) for their money instead of skimming off a ponzi of financial asset growth.

Gross is pissed that NONE of his stupid assets can earn a coupon that his other rentier class customers have become used to and he faces being discarded for it.

But Gross doesn't seem to get why things are contracting anymore than the other paper pushers.  Or maybe like other "unthinkable" topics such as race and equality, people who deep down in places they don't talk about do know the truth just consciously refuse to face it.

Feb 1, 2012 12:45 PM

are you stoned?  SOMEONE produced so someone could consume..that is what GDP IS.

Abundance is decreasing because abundance is decreasing.  There are any number of physical resources that are presently in a state of decreasing abundance. 

Feb 1, 2012 12:52 PM

lol...it doesn't matter!

Rates are trying to rise because the ENTIRE CREDIT EXPANSION SYSTEM is in de facto default right now!

The FUTURE is the counterparty to the present in such a system.  The future is of contraction.  Therefore, the future is a deadbeat, insolvent, in default.  People are trying to extract more interest as "coverage" but at the same time NOBODY is interesting in borrowing to PAY that interest!

The Fed is forced to pay the coupon required by the credit base.  All this does is dilute money as debt is TRYING to discount itself to reflect reality.

The truth is that they can set the price of debt as they see fit.  The real world cannot cause the growth that is interest owed on today.

Gold is rising for 2 reasons, the first is that its production peaked 10 years ago.  The second is that in recognition of the impending obsolescence of debt-based paper claims, there is an increasing trend toward grabbing something that physically exists.  The future is in backwardation.

Feb 1, 2012 12:55 PM

Nice magical thinking.

So, all we need to do to get fusion power is to have the mass of the sun laying around.  Sounds pretty fuckin "doable" to me, probably by "next week."

You suffer from normalcy bias.  This is a logical fallacy.

Feb 1, 2012 2:04 PM

nobody said the process of fusion violates thermodynamic laws, you fucking retard.

Wtf, are you going to repeat back to me everything I identify you as? I didn't RAISE A STRAWMAN, you fucking idiot

Feb 1, 2012 2:10 PM

be awesome if true...god help nickel futures if it is

Feb 1, 2012 4:51 PM

his dad was kenyan...he sho did look black.

Either way, Halle Barry believes in the one drop rule, and so does every other black.  Because if you are black, you can see racism everywhere.  And you're always the victim of it.  Every failure is the result of someone else.  It's total absolution.

Even if you murder someone over $15 in a dice game, it's whitey's fault for not gibs'n you mo oppotunteez n'shit.

In Minnesota, it's not that there really isn't any racism, it's just that you can't see it when you're white...probably because you beez rayciss n'shit.  Every black sees racism all around them everywhere, but not when they hate on whitey or mexicans or asians.  JFC, if everyone is equal, WHICH THEY ARE, and one group is always in last place, then it MUST BEEZ RAYCISM.  Got it?

Feb 1, 2012 5:06 PM

never thought I'd live to see the day when you got one right

Feb 1, 2012 5:12 PM

ROTFL...it simply DOESN'T WORK THAT WAY and it ISN'T THAT EASY.

Magic breeder reactors that turn all our nuclear waste into FUEL...like for FREE.  We can just fiss it, then fiss it AGAIN and AGAIN in magical reactors.

You fucking idiot. 

We already know how to reprocess spent rods to extract still-fissile uranium and other fissile byproducts such as Pu239.  It's simply not like the SNAP OF FINGERS that you bleat out that it is.  You do this all the time on very complex shit, acting like it's QED and shit, when you are a moron and have a child's understanding of the world.  You act because shit isn't metaphysically IMPOSSIBLE that somehow this makes it not only likely but EASY and anyone who says it isn't worships fucking Baal (who was a decent actor before his ego got out of control, but totally overshadowed by Heath Ledger).

Your brain seems incapable of responding to a criticism of the simplemindedness of the stupid shit you say without erecting a strawman.

When I said possible, I meant to replace what oil has done, which is provide literally free liquid energy and to have grown in supply.

Try again.  Pick unicorns this time.  Idiot.

Feb 1, 2012 5:16 PM

did you really need to do that?  You're going to hurt him.

We're just going to mine He3 from the moon and shit and have aneutronic reactions.

AND IF YOU DISAGREE YOU WORSHIP BALE

Feb 1, 2012 5:29 PM

yeah because they're not doing fusion?  IDIOT.

Cliff, just STFU, ok?  You're in way over your head here AGAIN.

I didn't respond to your response to that...I responded when you started talking about how WE ALL WORSHIP BALE because we don't just join hands with you to strenuously wish for free magical energy and fusion without radioactive waste.  And magic technology to turn waste into fuel all over again!

You don't understand how fusion works.  You don't understand how fission works.  You don't understand how breeder reactors work.  You understand literally NOTHING about ANYTHING.  There is one thing you are very good at, better than anyone I've ever seen, and that's making a fool of yourself.

Feb 1, 2012 5:36 PM

YOU JUST WORSHIP BALE

It's a fuckin magic proton that turns the Ni into Cu

Feb 1, 2012 8:25 PM

Maybe those slimy effeminate greeks should think about producing something and working?

Feb 10, 2010 1:57 AM

Do you even have a vague grasp of terminal guidance issues with a ballistic missile warhead coming in at hypersonic reentry velocities from lower space????

In the 12m that it would take for this missile to travel 2000km, a CVN at flank would travel over 6nm.  GOOD FREAKING LUCK hitting a moving target at that speed with what?  The terminal guidance radar on a ballistic warhead??  It would be jammed out of existence.  The thing would come down blind and slap the waves.

Ballistic missiles are not new technology and there is a REASON that all other nations have pursued skimming antiship missiles.  Look, the missile to fear is the Brahmos as it can be launched over a gigantic operational radius provided by the Su30MKI, essentially all of the relevant Indian Ocean from Malacca to Hormuz.

If you want to hit a CVN with a ballistic missile, you need to get a nuke near it.  Expecting to smack the deck with something akin to glorified artillery is foolish. 

Also, good luck getting your ordnance out with the entire carrier air wing and support frigates bombarding all of your radars and  missile emplacements.  Also nevermind that we have ECM so powerful it can cause arcing at range.  You'd have to physically find the carrier, track it, and maintain track while it moved and while we tried to destroy your C&C apparatus.  Despite the physical size of these things, the ocean is a lot bigger.

Feb 10, 2010 2:02 AM

The US Navy was not operating wartime ASW during this stunt by the Chinese sub.

In wartime, our own attack subs would have sunk this Chinese piece of shit.  And, the surface choppers would have been operating active ASW.  It would have been detected and sent to crush depth violently.

China couldn't mount an amphibious invasion of Hong Kong, much less Taiwan, nevermind contesting our navy in a blue water engagement.

Look doofuses, Pakistan has Chinese subs and these were used in the Kargil War, where India used its carrier battle group to rain down damage on the Pakis where necessary.  Nothing got close.  Wartime ASW is NOTHING AT ALL like this maritime stunt pulling posture

Feb 10, 2010 2:07 AM

Opium Wars ring any bells?

Where is Queen Vicky when you need her?  We should sail our fleet right up their ass and get them back on the pipe

Feb 10, 2010 2:08 PM

BOJ is doing QE again and the EU looks to be bailing out Greece.

The dollar is sinking less rapidly...again, the DXY is a COMPARATIVE metric, not an arbiter of real worth.  Gasoline still pushing $3/gal

Feb 10, 2010 2:15 AM

Thank you...somebody gets it.

They wouldn't HAVE an economy if it weren't for our dollar.

Let them float the RMB and see what happens to their export sector.  They already sterilized all their dollars; those are the assets sitting in their CB "backing" the yuan.

They are even more deflation-averse than we are, their stimulus was bigger and the entire country is now one big NPL.  It's been uneconomical for years now yet they continue to build.  Maybe they expect new customers from Mars.

Feb 10, 2010 2:17 AM

yeah, then along came opium

Feb 10, 2010 2:38 PM

just start printing Portuguesos

Feb 10, 2010 2:43 PM

where the fk were these pension funds 10 years ago when the executive class managed to turn OWNERS into ponzi participants while pocketing the entire decade's worth of profits in stock buyback options support and bonuses?

Pensions and mooch funds are the real owners of american corporations, yet they let the managers take ALL the cash profits.  This is how CEO pay multiples got to 250:1.  They are taking all the profits and letting owners eat the share price collapse after the "targets" that the managers "made" turned out to be Enron'd.

Ownership simply MUST force disgorgement of profits as dividends and lobby for changes in this regulatory regime.  Nobody I know who owns a small business lets the store manager take all the excess cash out of the register at the end of the night and pocket it.

Pensions sat around jerking off while megabillions in real cashflow were spent on stock buybacks while at the same time the corporation was issuing the same amount of shares to management in options grants.

Feb 10, 2010 5:05 PM

Look...I told the douchebags on TF this and I'll say it here:  if YOU won't borrow, the gov't will do it for you.  CREDIT MUST GROW

Feb 10, 2010 7:05 PM

There is no Constitutional basis for states of emergency as the President declares them.

He cannot "order" himself the power to do things he lacks the power to do.

In other words, nearly ANY SoE declaration is itself ILLEGAL, as is any declaration of curfew, martial law, or related proclamation by a State governor.  They DO NOT have the power under ANY Constitution to do this shit.

Last time I was pulled over by the police during a "State of Emergency" due to a snowstorm or whatever the fuck it was, I just asked them to please move over so I could pass on the left next time.  The problem becomes when law enforcers become thugs with guns and follow the illegal orders of their superiors.  One would hope that these soldiers are intelligent enough to recognize an illegal order.

Wiki says we are in a State of National Emergency regarding the diamond trade in Sierra Leone, and the Iran Hostage Crisis.

Feb 10, 2011 12:14 PM

this is not surprising...anyone within Mubarak's gov't would necessarily be part of the west-friendly group.  Not going to find too many outliers in it.

The threat of martial law has nothing to do with this CIA/Mossad conspiracy tinfoil shit; it's just the rational reaction of a guy in the gov't who sees himself as possibly next in line acting to try to preserve his own power

Feb 10, 2011 12:18 PM

don't forget the cable guy who brought all those propaganda channels into your house.  And Brad Meltzer who conveniently did *not* find all the illuminati satanic symbols all over the Statue of Liberty

Feb 10, 2011 12:25 PM

Paul Kruger is dead tho...guess I am just gonna hafta hang onto them for myself

Feb 10, 2011 12:27 PM

if they do attempt to tighten, BTFD with 3 fists.  Either all hell breaks loose and ur shit is worthless anyway or you will make a huge paper profit

Feb 10, 2011 2:28 AM

seein it in the grocery stores too

Feb 10, 2011 2:32 AM

horseshit...like everything else, they are looking to find out how to steal then replicate what a company is doing.  China wants these techniques so that THEIR banks can perform the same scams to make the CCP cronies money.  That is the single thing they give a fuck about.

They don't care if the entire freshwater supply on the planet is a smoldering cesspool of industrial runoff, if the air is unbreathable, the SOLE purpose of China, Inc. is to enrich the executives of the State corporation

Feb 10, 2012 10:06 PM

those issues led to the suburbanization of the country as well...think of all the gas wasted having to flee that

Feb 10, 2012 12:07 AM

Are you on crack?  There are sellers and there are buyers, dude.

There's no sinister power manipulating things so you idiot silverbugz don't getrichquick and become masters of the universe, ok?

Feb 10, 2012 12:23 AM

it's all just fake money anyhow...who cares?

Feb 10, 2012 2:23 PM

my kids can move back in as long as they bring girls home for dad...tho, 29 is a bit old

Feb 10, 2012 2:26 PM

my law degree is paid off, thank you Wachovia.  No, I didn't borrow from them, I SHORTED THEM TO 0

Feb 10, 2012 2:42 PM

your wife's vagina is also a "man cave"

Feb 10, 2012 3:23 PM

i think 18 is legal in every US state

Feb 10, 2012 3:31 PM

oil production is down; the US has taken this one for the team.

Gas prices from $3.25-$4/gal will decrease consumption.  The prevalence of stupid SUVs is also declining.

Feb 10, 2012 3:33 PM

the Irish assimilated.

Feb 10, 2012 3:33 PM

don't tell me you are one of these dipshit DWLs...

Feb 10, 2012 3:34 PM

lol...you're so stupid you don't know he was talking about blacks?

there isn't a society on the planet that wouldn't prefer hispanics to africans if they had to pick brown people

Feb 10, 2012 3:36 PM

you mean "it's hard to see racism when you're white" MN?  Importing somalis MN?

Feb 10, 2012 8:50 PM

the oil companies are raping you by providing you an indispensable product that they have to go dig up from insanely hostile environments and truck to your local corner while never spilling a drop or else you bitch?

Feb 10, 2012 8:52 PM

no, he was pretty much spot-on.

jooz are gaga over multiculturalism for everyone else.  In their own clan, they practice the equivalent of eugenics and without remorse.

Feb 10, 2012 8:54 PM

nope.

jew support of multiculturalism PREDATES the holocaust by decades.  WTF were they trying to protect themselves from?  Nothing. 

Feb 10, 2012 8:55 PM

Madison Ave, dumbass

Feb 10, 2012 8:56 PM

you people are so unbelievably mindfucked...you think that acknowledging that multiculturalism is a FAILURE would smear RP?

Feb 10, 2012 9:00 PM

seller's remorse over manhattan?  cry me a fukkin river.

one population was displaced by another which used the bounty to go to the moon and advance the human condition unimaginably.

Feb 10, 2012 9:08 PM

you people are stupid.  Or maybe just jealous that you can't afford this type of car.

ALL women are shallow.  Haven't met one YET who claimed to not be into cars who didn't wanna be seen in a nice one.  It's just in their nature.  Golddigger or no, they like attention.

Feb 10, 2012 9:09 PM

why not an e-Drive Prius?  I don't get buying a volt, it's totally unexceptional in every way

Feb 10, 2012 9:19 PM

yeah, I've got a V8 that goes that high...a 6 that goes another 1000 higher and a v4 that goes to 12 something

Feb 10, 2012 9:42 AM

wtf are the greasy greeks outraged over, that the free lunch has ended???

Things are "bad" there?  WTF...they WOULD have been bad this whole time if not for German largess.  People who spend all day lounging in cafes shouldn't expect the same outcome as people who make productive work.

The entire WORLD seems to struggle with this last concept.

Feb 11, 2010 2:09 PM

currencies are like the girl in a gangbang and the sovereigns are the guys taking their turns round robin.

Feb 11, 2010 5:34 PM

Does the amount of other worthless fiat paper it "buys" today have any relevance to its declining REAL value?

Feb 11, 2011 1:23 PM

I'm forced to agree; without the effective subsidy that the GSEs provided to the housing market, we're looking at probably another 20% decline at a minimum.  The presence of a size buyer basically willing to take losses fluffed prices up far more than warranted.

Feb 11, 2011 1:27 PM

well, the income tax wasn't enough apparently.  I guess they figure by owning all the mortgages, they'll get their money back

Feb 11, 2011 1:33 PM

the article said "J10," which is incidentally a reverse-engineered Lavi.  Or else the israelis sold them the design.

the only things built well in china are in western factories.  Anything local is a counterfeit, cheap, and shoddy.

Feb 11, 2011 2:03 AM

Brahmos is also out there...lots of supersonic cruise missiles these days.  Russia is also working with HAL on a hypersonic Brahmos 2.

The defense for this sort of thing is phased array radars which can be directed at the incoming missile, frying it.

Feb 11, 2011 2:24 AM

wtf is this tinfoil astrology OD?

Feb 11, 2011 2:56 PM

inapplicable.

Why? Because Mubarak was under pressure from the "international community" (i.e., the major western powers).  If we try to revolt, we'll get the G20 treatment.  Anyone trying to topple the major powers isn't going to get sympathy from the major powers.

Feb 11, 2011 3:10 PM

there isn't 10mbpd in our backyard.

Feb 11, 2011 4:24 PM

there are more billions of NAFTA laundered drug money sittin in banks in border cities in the USA, US branches of mexican banks than Mubarak ever had.

Moving money to "safe" places isn't all that hard if you let the bankers take a little cut

Feb 11, 2011 4:49 PM

lol...what happens when higher supply cannot be achieved?

Faber can't be this stupid

Feb 11, 2011 5:08 PM

i dunno about cheap...I wouldn't counsel anyone to rush right out and go balls-deep or anything.  But if you want to accumulate, accumulate...over time.  Sometimes you may exchange more FRNs, sometimes less.

The POG is being driven by monetary inflation and fundamental production trends.  2010 production looks to have made a new peak...if 2011 continues it, we'll see relatively weak price.  If production falls materially, it's on to $2000

Feb 11, 2011 5:14 PM

they won't seize de jure, they will raise crown royalties.

Chavez has proven beyond all doubt what happens when governments take over operation of resource projects.

If the major gold producers seized control of their mines, same shit as S. Africa with the implementation of diversity reconciliation or wtfever they call stacking the ownership with blacks...the trend in production takes a nosedive.

Everywhere nationalization has been tried, the result has been a huge decrease in productivity.  China's mines are already effectively nationalized; among other major gold producers, does anyone see Canada really doing such a thing?

Either way, geopolitical risk needs to be part of DD for any speculative position (note I did not say investment)

Feb 11, 2012 5:27 PM

did TD do a logarithmic chart or is this linear debt?  The debt is growing at 9% per year or so.

Feb 11, 2012 5:31 PM

Corbon was good stuff maybe 10 years ago, but there are a ton of bonded rounds that will penetrate auto glass without jacket separation.  The HST from Federal can achieve it 3/4 times and it's a non-bonded round.

Feb 12, 2010 10:51 PM

why would you think the planes were remotely piloted?

Feb 12, 2010 6:48 PM

There's nothing that "can" be done.

The shit is uneconomical and losing money.  That's it.  And there's no amount of funny money that can make it otherwise.

This is champagne supernova coming on the entire build/grow/expand model.

If they do not FF&C CMBS, they will vaporize most of the banks and every CREIT.  I don't think they'll allow that to happen because that's 08 all over again.

Feb 12, 2010 6:54 PM

They needed GS to make the market since March.  Otherwise, it was apocalypse time

Feb 12, 2011 8:16 PM

yeah let's just assume the energy into existence to power all this shit

Feb 12, 2011 9:11 PM

better to send your kids to see the machine firsthand and teach them right from wrong at home...otherwise the whole thing is a shock.

Feb 12, 2011 9:15 PM

"average" Egyptians are fucking illiterate and believe in a rock god and FGM

Feb 12, 2011 9:22 PM

First 48 is another eye-opener

Feb 12, 2011 9:26 PM

fuck off.

how did the population grow to 7B with all this "white" genocide?

Or did you mean the genocide of refrigeration, electric power, and modern medicine that the awful white man hatefully oppresses natives with the world over?

Feb 12, 2011 9:32 PM

smallpox did in the injuns.

Africans were not stolen, they were sold by the same type of slave traders that exist in africa today.

Go douche or something; you stink

Feb 12, 2011 9:34 PM

 ^^^^^^^^^^ another victim of revisionist diversity mindfuck

 

thank GOD for white capital.  I like airplanes and the transistor.

Go eat mudcakes and fuck off with your river blindness and intestinal parasites

Feb 12, 2011 9:37 PM

date rape much?  Because those are 9hr layflat pills

Feb 12, 2012 10:34 PM

a really stupid self-hating mudsharking fag walks into a bar and the bartender says, "akock get the fuck out of here."

Feb 12, 2012 10:35 PM

why the fuck should Greece get a bailout???

Greece should simply be cut loose.  No bailouts, nothing.  Expel from euro let the greeks produce.

Feb 12, 2012 11:01 PM

Al who?

Feb 12, 2012 11:36 PM

"they" can't just revalue gold except by printing a ton of money

Feb 12, 2012 2:38 PM

growth growth growth...it's not coming back anytime soon.

Feb 12, 2012 8:48 PM

no...but it is making things appear nominally profitable which aren't.

Feb 12, 2012 8:48 PM

is that $30 POG spike on kitco real?

Feb 13, 2010 4:48 PM

WTF...they are going to borrow money from nations that are themselves HEAVILY indebted?!?!

This isn't even paper gold or paper oil, it's paper PAPER.

A bankrupt sovereign doesn't have anything to lend the IMF except for bullshit created from thin air.  With each passing day the paper bullshit pyramid just seems to grow and there is nothing whatsoever behind it.  Everyone should just say eff you to the bankers and the IMF

Feb 13, 2010 4:52 PM

PBS is WAY behind the curve, because Bama just did ANOTHER 180 and is siding with the bankers who deserve those bonuses.

Feb 13, 2010 6:53 PM

You guys aren't naive enough to believe that his wife didn't actually know, are you?

Lemme guess, neither did Tiger's wife...hahahahaha.  Time to get real everybody.

It's all play acting.  Pretend marriage to appeal to the proles and pretend surprise by the little missus when the truth comes out.  The only sin here was that he publicly embarrassed her; now she has to pretend to have cared or else everyone will point and snicker

Feb 13, 2010 8:58 PM

They should also chart the debt growth rate beyond that and overlay SS outflows onto it.

Within no more than a few years, half a decade at most, interest, which is now the #4 expenditure, rises to #1.  When your biggest outlay is interest on debt, you are bankrupt.

We're going to face the ugly side of the exponential curve as tax receipts flag and debt continues to double.  Another doubling of the debt, which should be accomplished in 8-9 years assuming its historical growth rate, will necessarily double interest expenses and this would place them above all other expenditures.

There are two ways out- print or default.  In either case, I do not want to be holding the notes of a bankrupt State.  We are already effectively borrowing to pay interest.  They must at some point seize assets plus effect brute force devaluation of the dollar

Feb 13, 2012 1:01 PM

LOL.

You people...with your constant false dilemmas.  Look; Israel is a problem and so are muslims.  Why is it always ONE or the OTHER?  There are more than two possible outcomes here.

Feb 13, 2012 1:04 PM

this is some nice astroturfing you're doing...

Feb 13, 2012 1:32 PM

no, he was clearly being sarcastic

Feb 13, 2012 12:46 PM

Iran is an exporter of terror?  WTF is ISRAEL doing when they CAR BOMB scientists?

JFC, they are using the ARCHETYPICAL "terrorism" attack, a fuckin car bomb.  How much clearer can shit be?  If Israel doesn't get the "diplomatic" solution that they want, they just murder people using Terrorism 101 tactics and methods.

Feb 13, 2012 12:55 PM

huh?  What kind of binary world false dilemma fallacy is this shit?

The US has propped up some of these same dictators for decades and the US Military knowingly kills innocent people when some "strategic interest" is served.  WTF is the difference?  Oh yeah, we TALK about freedom.

Feb 13, 2012 2:26 PM

the object of torture is torture.  The object of power is power.

Feb 13, 2012 2:31 PM

like on a connecticut SSN?  lol

There are more skeletons in this closet than the average serial killer's

Feb 13, 2012 2:42 PM

minor problem in this prisoner's dilemma.  To do that they have to come up with an alternative to the dollar and either default on or repay the entire Z1 which they've been borrowing against since Bretton Woods.  Nobody trusts - nor should they - anyone else in the room with the reserve currency.

The yuan?  GTFO here...a dollar peg, predatory nation.  Putin?  LOL.  The yen?  Hah...the pound?  NFW.  They are all on the horns of a dilemma and there is no easy way out of this.  If push comes to shove as many think it will, the US has naval supremacy which MATTERS for any nation that requires maritime imports.

Pipelines will be hard to defend as well, because our base structure gives us effective air superiority and even supremacy in many parts of the world.  If war breaks out, we could legitimately seize all of saudi, iraqi, UAE, and kuwaiti production within a few days.

The US learnt the REAL lesson of WW2; the victors had OIL SUPPLY.  The losers didn't.  The war hinged on that ONE THING alone.  It was the cause of the war and failure to achieve goals intended to rectify the imbalance was why the losers were defeated.

The only present way to disturb this imbalance is a nuclear free-for-all.  No winners there.  I am not the only person who sees this and I guarantee you that all over the world in significant nations, people are trying to figure out how to play chips in this game in significant nations.

Feb 13, 2012 4:08 PM

I'll sum up Obama's budget in one word:  SHIT

Feb 13, 2012 4:12 PM

Cltton's surpluses were a curious convergence of this plus record SS inflows because the impending boomer retirement tidal wave had not hit beach yet; in fact, they were in their peak earnings years.

The entire nominal "surplus" was due to SS receipts being counted as general revenue.  You have the .com flipper bubble AND a housing bubble.  I recall wondering at that time, the late 90s, if I was ever going to be able to afford a house.  The prices had ALREADY gone so apeshit that I actually asked a RE agent, wth do the people DO who live here?  I bought in 2000 at a price that seemed utterly insane.

Feb 13, 2012 4:38 PM

Macs suck shit.

The only reason people don't hack them is because nobody uses them

Feb 13, 2012 4:45 PM

there sure are technological advances; they helped us suck the oil out faster and deplete quicker.

 

Feb 13, 2012 4:46 PM

alternative fuels...HAHAHAHAHAHAHA.  Like what?

An alternative to what, oil?  Or unicorn piss.  there IS NO alternative for oil.

Feb 13, 2012 4:48 PM

what a motherfuckin moron...yeah, Ruhl too.

Peak oil was predicted in the 1950s.  Then it happened.

In fact, it has happened to 54/65 of the top oil-producing nations.

I have no clue why a fucking economist should even think themselves qualified to SPEAK.

Feb 13, 2012 5:27 PM

this is a great plan by the WSJ!!!

It's like letting your kids burn the house down to show them how foolish it is to play with matches.  It's all about being able to say "I told you so" when you are shivering under the overpass.

Feb 13, 2012 5:28 PM

you calling the FRBNY idiots?  'Cuz they are the only ones buying.

Feb 13, 2012 5:28 PM

what black person didn't?

Feb 13, 2012 5:30 PM

give 'bama time, dude...

Feb 13, 2012 7:01 PM

I have no fuckin clue where in the hell you came up with this shit.

The country is 70% white...Muhcane had nowhere near a landslide majority of the white vote.

Feb 13, 2012 7:05 PM

most PEOPLE have experienced racism in their lives.  If blacks have experienced racism it is at the hands of mexicans or other blacks, not whites.

The VAST majority of whites aren't racist; just witness how savage they become if you disturb their little insane racial orthodoxy.  On the other hand, among other races, racism is overt and unapologetic.  It's because they have been convinced by the same racial orthodoxy that it is IMPOSSIBLE BY DEFINITION for them to be racist.

They will argue to the point of violence over this and YOU are a racist for disputing it.

Blacks CLAIM they experience racism because they attribute their lack of success as as a result of some sinister, unseen racism.  I take nothing for a given, so you need to prove your shit about blacks experiencing racism or else it is just more racial orthodoxy bullshit.

Feb 13, 2012 7:06 PM

that would be a very dark day in this country's history, given the abysmal failure of black leadership the globe over.

Feb 13, 2012 7:07 PM

most in hollyweird are mudsharks

Feb 13, 2012 7:20 PM

dude, if they cut USPS employment it would be a blackpocalypse as far as employment.  We need MORE diversity, not less, because diversity is our strength.  Detroit, newark, baltimore, st. louis...diversity, nuff said.

The USPS is a jobs program for blacks as are many gov't agencies.  Everyone must pitch in and sacrifice to right the wrongs of sinister and omnipresent white racism that lurks invisible in every aspect of life.

Feb 13, 2012 7:30 PM

yeah no shit...Greece clearly doesn't at all grasp that their days of lounging in cafes and getting paid for it are over.  They are facing total economic collapse and having to live on what they can produce.

The EU should tell them to just fuck off.

Feb 13, 2012 8:04 PM

this article was TL;DR

Just sum it up "Europe sucks balls"

Feb 13, 2012 8:10 PM

yeah..women, combat, lol.  that'll work out...well

Too many bitchez see GI Jane and the plethora of movies and TV where the waifish women who weigh a buck 05 soaking wet kick ass on all men...rotfl

Feb 13, 2012 8:12 PM

that tat is a good idea for you man, it will really give the business to those people, let 'em know wsup while they are all buttfucking you

Feb 13, 2012 8:21 PM

nah, doom is an exaggeration

Feb 13, 2012 8:22 PM

and asians are very productive and commit very little crime.  I say we swap them for africans

Feb 13, 2012 8:36 PM

I guess spending less is not an option, eh?

Feb 13, 2012 8:37 PM

err...the currencies of bankrupt states do not normally become more worthful

Feb 13, 2012 9:27 AM

I'm not sure why the greeks continue to play as if they have any cards in their hands.

the ECB can always print and hand it directly to the banks...why even include the greasy, lazy greeks in the loop?

Feb 13, 2012 9:31 AM

Greece has NOTHING to bargain with!  They don't have anything to offer.

The sole issue is whether German and other banks have to take losses.  Greece is behaving like a junkie in this process.

Ideally, greece would be cut loose and left to rot and the banks that lent them money would take losses and those banks' executives would be tried and incarcerated.  Absent that, the ECB should just print and give the money directly to the banks to close up the accounting holes left by greece and enforce no bonuses paid rules on the money.  And greece should be expelled from the EU.

People act like the drachma is their savior; the drachma is a piece of shit that is worthless.  Austerity is coming whether the lazy greeks want it or not.  Their days of spendthriftiness while lounging in cafes are over.

Feb 13, 2012 9:37 AM

let's see here...the greeks took a decade worth of money they never intended to pay back and THEY are the ones that got screwed?

Feb 13, 2012 9:48 AM

the greeks torch the only things they have.  The party is over so burn the house down?

The leftists will fill this vacuum by promising a bunch of shit for free again.

Feb 13, 2012 9:51 AM

he doesn't have a choice.

I hated austerity measures forced on me when I was broke too.  But I didn't trash my own place and set my car ablaze to protest them.

There seems to be some confusion around here between paying money back and paying interest.  greece and everyone else SHOULD pay the money back they borrowed.  As for compound interest, that is where the morality comes into play.

Feb 14, 2010 3:01 PM

Gold has no materially different function than pieces of art.

In the 1930s, gold was LEGAL tender.  Consequently, the government *could* call in that currency and reissue paper against it.  Gold nowadays is not legal tender except for Eagles and Buffaloes, and perhaps some of the foreign mint coins bearing a face value from the respective sovereigns.

Buy a smelter if you fear this and melt it into jewelry.

The government would not expend effort to seize gold when they can with the click of a mouse grab all the 401ks or pensions.  So if they were to come after gold, what about people who are hoarding platinum or silver or diamonds?  Or artwork?  Or land?

The seizure risk for gold is minimal, whereas for paper accounts it is considerably higher just because of the ease of access to them by the government.

Feb 14, 2010 3:08 PM

We are doing the same thing to China as the UK did to the US during the 20s.  Run it up in a massive bubble of overcapacity.

The Chinese are full-speed ahead in their lunacy.  35% CRE vacancy rates?  Build more!  All the fools who revere the "efficiency" of central planning gov'ts are fools; China cannot see the iceberg about to smack them in the nose and the gov't CANNOT adjust the "consensus" of a room full of bureaucrats that quickly.

Look at our own gov'ts inertia if you don't believe it.  The AGW meme has just been thrown into total disarray yet the momentum behind its implementation is still there.  We are still in a State of Emergency over the Iran hostage crisis.  Once it gets in motion, these leviathans CANNOT react quickly.

Private sector shed jobs that were uneconomical very rapidly but gov'ts are proceeding at flank into insolvency.  And no governor even of a state can stop the ship

Feb 14, 2011 1:14 PM

there's no penalty for lying or being wrong, so why not shoot for the moon?

Feb 14, 2011 1:34 PM

they gotta sell all those options they get...that's how the executive class makes all its money

Feb 14, 2011 1:38 AM

they trot this shit out everytime anyone mentions the increasing stratification of society.

Oh, well the rich pay the most taxes...WTF...SHOCKER. No shit huh?

the problem IS that the rich are paying ALL THE TAXES because they earn ALL THE INCOME.

This tax inequality is NOT evidence that there is nothing unfair going on; it is a SYMPTOM of the unfairness itself!

The rich have gotten richer as everyone at middle class and below have stagnated for 40 years.

the notion that nobody who pays no federal taxes has no right to complain about having no income is ABSURD in the extreme.

Whining about paying too much in taxes is better than having no income with which to pay any taxes at all.

Feb 14, 2011 1:46 AM

I can answer that.

You pay protection so that the masses don't fucking drag you out of your mansion and dismember you.

Flatter income distribution is reflective of healthy societies.  This does not imply that government should attempt to flatten by force

Feb 14, 2011 11:36 PM

if we subtract out the minority population (that does not mean asians, as they aren't considered minorities by the diversity police), we do have about the best-educated students in the world

Feb 14, 2011 12:25 PM

The Fed and the world in general, are caught in an interesting paradox.

There is very little demand for credit in the aggregate, which would suggest low interest rates (the price of credit).  However, the governments' demand for credit is voracious, suggesting a higher price.  There's also this matter that they will never be able to repay, suggesting that the notion of "risk-free" yield has gone out the window.

Bankers *should* be offering YOU lower rates to entice you to use credit, with higher rates to sovereigns.  This is the ultimate "yield inversion."  We have achieved a liquidity trap where lenders want high yields to cover their asses into a future of declining ability to cover the coupon, but there simply is no demand for credit at seemingly any price.

If I were to borrow at 0%, I'd buy certain commodities.  Collective point of recognition will be when the yield inversion flips and everyone starts borrowing for this purpose.  In fact, this is EXACTLY why the Fed has been feeding bubbles for so long.

In a true sense, there is insufficient private credit demand (the big elephant) to support a yield sufficient to cover the risk of sovereign lending.

Feb 14, 2011 12:30 PM

the debt money system is simple - their goal is to make it grow, as it has to, forever.

the system now is the Fed offering credit at below sovereign rates, to try to cause "people" to borrow from them and then lend to the gov.  It doesn't matter if the things are gonna crash eventually, just like houses or .coms.  The system requires growth and the Fed is doing what it knows how to do.

In times where they cannot inspire people to borrow at 0%, they do it for them.

Feb 14, 2011 12:32 PM

huh?  A worldwide flood?  Surely you are joking, right?

Your statement is in error about the fossil record, btw.

Feb 14, 2011 12:35 PM

retail ain't buyin...so who is?

Feb 14, 2011 12:50 PM

next we will be discussing why functionally blind dogs bark at black people and that leads to...THE HOLOCAUST.

Feb 14, 2011 12:59 PM

who cares?  WTF did he ever really DO in this position?

I mean, ok, he said a couple of things...so the fk what?

Feb 14, 2011 4:05 PM

Well, a lot of older buttfags are in poor health and depressed because of their inability to get young assholes any more.

That notwithstanding, if you were that desperate and you pointed the finger of blame at certain people, why would you not try to enact retribution or make a broader statement?  Burn a tire around your neck or something if the whole suicide thing is your way.  Otherwise, take action against those who are to blame.

Feb 14, 2012 11:26 AM

Nobody risking their OWN money would be stupid enough to "invest" in Greece.

Drachma went from 30:1 to 400:1 against USD since we pulled the gold peg.  I still cannot fathom how anyone could have even pretended to BELIEVE Greece's budget numbers.

Feb 14, 2012 11:32 AM

nein.  Default is not deflationary.  It's the opposite.

Attempted servicing of debt until you've sold everything off is deflationary from a monetary sense.  However, liquidity issues and counterparty BS along with CDSs make this type of situation very brief.  It's like the price of gold would hit $100/oz but nobody would have any cash to buy it with. 

This isn't too hard to grasp here...if you look at the basic unit of fiat account, a sovereign note, you find that when that sovereign, that physical agglomeration, against which a note is a claim against ends up defaulting that the claims get very steeply discounted.

As our money is debt, this means decreasing worthfulness of paper.

Feb 14, 2012 12:12 PM

the dirty secret is that production has declined in terms of net BTUs. There is no other choice but for consumption to decline.

Prices will maintain themselves because slack capacity is limited.

As prices stay high, people find ways like turning down the thermostat, turning off lights, consuming less, in order to decrease their outlays.  It's a self-reinforcing cycle.

What we are in right now...the world seems upside down.  That's because it is.  There is no sinister illumilateral conspiracy to kill off the world after 400 years of growth.  Aggregate energy supply has reached a maximum and it is declining.   This is what CONTRACTION looks like.  It's not a sudden crash, just a seemingly unabated malaise.  There are pockets of countertrend moves periodically but they do not abate the trend.  Every time we get a bounce, people get hopeful that we're turning the corner but the trend reasserts itself mercilessly.

Feb 14, 2012 12:14 PM

nonsense.  Your statement is defied by 100+ years of oil production where prices were relatively dirt cheap in any kind of absolute sense.

Capacity ran way ahead of demand and that was the way people want it.  The more energy capacity, the more growth can be had, the more money can be lent and the more interest and profits made in the aggregate.

Feb 14, 2012 12:16 PM

corporations cannot print oil.

You people need to wrap your heads around what's happening and accept the truth.

Stop trying to strenuously wish your way out of this; it won't work.  The big brains have CONSISTENTLY been telling everyone that real oil has peaked.  What do you suppose a decline in availability of this commodity would lead to?  A lot less of moving things around.

Feb 14, 2012 12:17 PM

if oil were abundant, people wouldn't pay $100/bbl for it right now, all over the planet.

The sinister hidden hand of MOTHER NATURE is on this one.

If you're an Elliot Waver, you had to know that at some point, a retracement of the entire industrial revolution would eventually happen as a matter of your basic theories.

Feb 14, 2012 12:19 PM

unfortunately, all the king's horses and men can't print up more oil supply.

WTF is a "reboot" going to accomplish?  Unless you mean we shed 3 or 4 billion people.

Feb 14, 2012 12:20 PM

huh??

You DO understand that peak oil MEANS peak production, right?

Feb 14, 2012 12:25 PM

Led to believe by whom?  Sorry, man, but between here and TOD, there are tons of people who are educated and intelligent who have clued you guys in as to what is going on for years now.  This should come as no surprise.

I've been talking about the oil peak since like 2003 on various forums.

This is the new normal.  The economic theories don't make sense anymore because, as I said, they are predicated upon a climate of aggregate expansion.  We're not in that climate any longer.

If you are capable of reason, any of you...for a moment, just "pretend" like peak oil is real.  For the sake of argument or a thought experiment.  Everything that you're seeing right now would be a necessary consequence.

When you have a potential cause and ALL of the symptoms flow from that cause and you see all of those symptoms, that is highly probative that the potential cause is in fact the real cause.  Not some sinister illumilateral conspiracy to kill everyone and not earn interest off of them.

Feb 14, 2012 12:26 PM

the US is taking one for the team here.  If we were still trying to consume 20mbpd, oil would be at $200.

Everyone on the planet wants to drive and burn gas like americans; consumption is wealth.

Feb 14, 2012 12:28 AM

never know; could be proprietary.  Some shit is still in AL.  Linux is what the big supercomps are using now.

Feb 14, 2012 12:30 PM

the best way to convince a drunk driver is to pour them another drink.

For political reasons.  To prove a point.  Fuck health, welfare, sanity, the truth, principles, ethics...always go for the political calculation.  Even machiavelli would have been appalled at these people.

The GOP wins, then what?  Debt doubles again in the same time period.  They had the Presidency AND Congress for a few years in the last administration and wtf did they do?  Pressed down on the pedal harder. 

Feb 14, 2012 12:31 AM

yeah, as I watch MYSQLWorkbench blow up to 1Gb...java is such a piece of crap.  Was I the only guy that nulled refs at the end of methods?

Feb 14, 2012 12:31 PM

he can't cancel a fuckin election.  He's not a tyrant; no more than a would-be one.

Feb 14, 2012 12:33 PM

all that matters now is whether the Fed is going to buy the stock market.  No clue how much more in profits can be wrung from this...the whole thing goes over the falls when iShit becomes passe

Feb 14, 2012 12:34 AM

did it ever occur to you that this shit could have been unintentional?!??!

Feb 14, 2012 12:47 PM

no, the government is not the largest user of energy, you idiot.

The largest user of oil is the transportation sector.  The government is ONE slice of that and hardly large enough to shave 2mbpd off of imports.

Feb 14, 2012 12:50 PM

c'mon man, you're pissing on parades here....IONIC LIQUIDS!!!!!11 are going to save us all, ok?  Just 'cuz

Feb 14, 2012 12:53 PM

i don't give a crap about where oil comes from or how much reserves are out there.

ALL that matters is production RATE.  I don't know how I can be or could have been more clear on this point the other million times I said it.

 

Feb 14, 2012 12:57 PM

I'm not...the price factor in real terms can't be supported at that level.  At where we are now, the economy grinds down.  If it spikes to 150, we see another 2008, which was an unmitigated crash in consumption.

I am trading for yield compression and trying to find producers out there that can turn what would have previously been shit yields into something that is now bigtime due to depletion.

There are a lot of trades you can make on Keystone for next year. This pipeline is going to happen and you should position accordingly if you are interested in speculation.  If not, just buy KMP or something.

Feb 14, 2012 2:24 PM

you can feel free to keep whistling past the graveyard

NG is not oil, dipshit

Feb 14, 2012 2:26 PM

there is no contortion you idiots won't go through to deny reality, is there?

Goldman knew more than you and were on the right side of the trade.

EVERYTHING to you people is some kind of sinister conspiracy to kill the economy that made the conspirators rich

Feb 14, 2012 2:27 PM

do you have something to say besides another strawman?  If so, then I will respond with something other than derision of your idiocy

Feb 14, 2012 2:29 PM

there is no such goddamned thing as "peak cheap oil."

Do you mean the END of cheap oil?  Then say so.  The PEAK is not the END of a curve.

Feb 14, 2012 2:32 PM

You are nothing if not stupid

Feb 14, 2012 2:33 PM

WE'RE SAVED!!!!!!!!!!!1

all because of ONE experiment on ONE limited scale in ONE lab in ONE university!!!!!

You fucking retard.  You're like those cornucopians bleating about how they made a milliliter of oil from some GMO algae and so we're ALL SAVEZD.

Yeah, Titan has methane.

Feb 14, 2012 2:35 PM

are you fucking stupid?  Sorry, I know the answer is yes.

Science???  You talk SCIENCE then say stupid shit like this?  That if DEMAND went way up that price would only go up because we had to print money?

How can you be so retarded?

Feb 14, 2012 2:36 PM

concur...direct vent NG ftw

Feb 14, 2012 2:39 PM

3% of 9mbpd is an ORDER OF MAGNITUDE LESS THAN THE DROP IN CONSUMPTION, you fucking RETARD.

Now shut the fuck up.

Feb 14, 2012 2:44 PM

I have a DOE graphic...it's been posted on here before.  Shows total energy usage by type and sector.

The majority of oil consumption in the USA is transportation.

35 total oil quads in '09, of which 25 went to transportation.  Most of the remainer to industrial stuff, iow petrochem.

What this means is that of all oil consumed, 18mbpd, 5/7 of that is transport.

Feb 14, 2012 2:46 PM

bbbut...bbbut...IONIC LIQUIDS!!!!!!!!!!!!!!!!!!!11

certainly those will be magic and will enable us to stripmine the athabasca much faster.  Then we will build a pipeline to Titan

Feb 14, 2012 2:47 PM

It says that the rational conclusion is too scary so I will resort to devices such as conspiracy theories, potent director fallacies, and money printing or the SQUIDZEZ to blame and keep me feeling optimistic.

Feb 14, 2012 3:00 PM

you have obviously done the science to support that assertion, right?

Oh wait, forgot who I was talking to...OF COURSE YOU HAVEN'T.  It's another bold assertion from straight outta your ass

Feb 14, 2012 3:01 PM

no shit, it's almost so simple a caveman could understand it.  Which is why mosely-claven consistently falls short

Feb 14, 2012 3:03 PM

everyone should just put up solar panels and burn wood.  Nothing wrong with this theory...if it works for ONE GUY, we can use "induction" to scale it to infinity

Feb 14, 2012 3:31 PM

yeah, the best way to #WINNING is to have a total fucking collapse because you helped the son of a bitch

Feb 14, 2012 3:36 PM

HUH?  St. Helens?  You want pics?  I was just there.

Even 40 years later, NOTHING IS GROWING THERE.  There are some hardscrabble wildflowers with signs warning you not to step off the paved path or else get fined $500 because you step on one it won't grow back.

The place is denuded, looks like the surface of the moon.  Bleached tree trunks to the horizon where they did not come in and replant.  Closer to the mountain, away from the ranger station, literally nothing grows.

Feb 14, 2012 3:36 PM

the bad news is that as these budgets get cut, the police will refuse to work.

This is also the good news.

Feb 14, 2012 3:38 PM

let them plunder it and not give it back one of these times, then see.

Police have already said don't cut my pension or else i won't work.  Which means what exactly, less harassment and tickets?  OH NOZE

Feb 14, 2012 3:39 PM

Ok I AM telling you to shut the fuck up

Feb 14, 2012 3:44 PM

sadly, a proven psychological phenomenon.  How most ppl's brains work.  Read a paper on this awhile back.

Too many people answer the bacteria/bottle question with 6pm.

Feb 14, 2012 3:45 PM

you don't think there are turfers here and that this place is spidered by 3 letters?

Feb 14, 2012 3:51 PM

do you know what a "quad" is you ridiculous FUCK?

JFC you are stupid

Feb 14, 2012 3:58 PM

I'll add "EROI" analysis to the littany of things about which you are totally incompetent.

Do you REALLY BELIEVE that "a little agitation" is the SUM of all EROI that goes into this process?  Of course you do, because you're an idiot.

Your original statement about EROI is unsupported by any science you have cited.  That is a fact.  You pulled it straight out of your ass.

You ASSUME based upon a tiny edge-case anecdote that it should be lower EROI...and hell, it MIGHT BE.  But you have established no persuasive evidence to support this assertion.

I know the notion of even having a cogent argument, much less compelling evidence, is alien to you.  Why?  It's because you're stupid.

NEVER MIND the issues of scaling this process and whether or not it is reproduced elsewhere or any of the technical issues inherent in it.  This is why smart people call you an idiot, cliff.

Feb 14, 2012 4:01 PM

wake me up when population rates go negative...moron

And the idiocy of you to claim that lowered birthrate (when population still increases) is salvation when ENERGY CONSUMPTION PER CAPITA is what matters and it went BALLISTIC.

The people in western countries with no kids consume more oil than entire GENERATIONS of the non-western societies.

It's because the west is filled with morons like YOU

Feb 14, 2012 4:07 PM

LOL

Where do your fuckin solar panels and your effing volt and all that shit you have come from, dude?

I marvel at the idiocy of people like you, I really do.  Those who cannot fathom that the REASON you are able to do what you do is because you can sit at the TOP of a gigantic consumptive pyramid REQUIRING a whole TON of people in positions where they NECESSARILY cannot live on a fuckin 10 acre spread and "off the grid."

You wouldn't have a GODDAMNED THING THERE if it weren't for the on-grid society.  The fucking factory that produced your panels in China is ON the motherfucking grid, genius.  So is chevrolet.  There's not a goddamned thing you have there that you brag about that you actually built yourself.  Not your car, not your panels, not your inverters...nothing.

You call yourself fucking INDEPENDENT when you are using solar panels sourced from 8000 miles away?  Built on decades of technology somewhere ELSE?  Or did you etch the silicon using a stick in the woods out back?

And I thought you claimed to be a scientist....you live in a silly self-indulgent world standing on the shoulders of people who are necessary for your very existence and you spit at it all with some smug superiority complex? 

If everyone leaves the ratrace, fool, you starve too.

Feb 14, 2012 4:10 PM

GFD you are dumb.  You are just totally impervious to any kind of intelligence or reason.

SO WHAT if you can convert between the two?  You will replace one peaking, depleting resource with another.

how about just fucking burn your furniture while you are up, you fuckin moron?

Feb 14, 2012 4:12 PM

oh, gotcha.  Yeah, slight problem.

THIS ISN'T a debate, cliff.  I'm not INTERESTED in hearing your asinine opinions on things, because you are stupid and WRONG.

This is more of ME telling people like YOU wtf is up like a parent tells a child.  I don't give a fuck what you think because you're not QUALIFIED to think.  You are in no way, shape, nor form, even remotely close to capable of debating me on this or any other topic and it also hurts that the effing FACTS are out there as far as oil production trends and whatnot.  I merely state them.

Are we clear here?

Feb 14, 2012 4:14 PM

incidentally, the government is overpopulated with minorities far beyond their share of the population.

Feb 14, 2012 4:17 PM

moron, sorry...you're an idiot.  Now that we've got that out of the way, let me explain.

XOM and the other oil majors are not particularly profitable.  Their ROIs are pretty well BELOW the SP500 average.

They might make $10B on $500B in sales.  And they don't set prices at any rate as the state-owned oilcos are ridiculously larger.  The thing keeping oilco execs up at night is not just the impossibility of replacing reserves that they have depleted but hanging onto existing reserves.  OXY lost 3% of global reserves and 9% of annual production when Ecuador decided to nationalize energy assets and booted them out.  This is why companies like Encana have given up totally on foreign production.

Feb 14, 2012 4:20 PM

I don't mind the question, Seize.  However, this is about the...1000th(?) time I've been asked it.

I apologize for being derisive and next time I will wait until I inevitably see you post the SAME question again because you cannot stomach the answer I gave the first time.

Feb 14, 2012 4:24 PM

no, I am saying 2 things:

1, you're a fuckin idiot!

2, let's wait to proclaim that WE BEEZ SAVEZD until we see some reproducibility of these results ALONG WITH some analysis on how scaleable the experiment in this one beaker was to the real world.

K?  Smoochez, bitch.

Feb 14, 2012 4:25 PM

ROTFL...you call a TEN PERCENT collapse in consumption a DEMAND BUBBLE?

GFD you are stupid...just...stupid.  Inconceivably DUMB.

Feb 14, 2012 4:28 PM

JFC...wrong.

There is, for the TRILLIONTH TIME, NO SUCH THING AS PEAK CHEAP OIL. OK?

We're neither RUNNING OUT of oil nor running out of "cheap" oil (wtf is cheap anyway?).  We've simply hit a maximum in the all-time production RATE that can be sustained by the earth.

Do you know what a PEAK looks like?  Are all of you people from fucking Kansas or something?  I guess that would explain a lot....

Feb 14, 2012 4:30 PM

huh???  WTF?  That is not how it works, bud.

You have DEMAND for 100 oranges per day, and you have 80 to satisfy.  You raise price to find equilibrium between supply and demand.

Did you forget that the buyer must be willing or able to PAY what you ask??!

Otherwise, why not charge eleventy billion per orange?

Feb 14, 2012 4:43 PM

i wonder what the racial breakdown is on SSI...oh wait, no i don't.

Feb 14, 2012 4:44 PM

huh?  that type of crime quickly gets limited to favelas and some random background noise.

Yes, people still live in Rio and Buenos Aires.  You don't leave a GPS in the fkin car unless ur stupid. 

Feb 14, 2012 4:46 PM

um...no.  Pittsburgh is doing just fine.  Seems like demographics matter more than the rest of this crap.

Fuckin iceland just collapsed its currency and life there is...clean, orderly, and pretty serene.  Yeah, it's not a party a minute with Range Rovers everywhere anymore but wtf, huh?

Feb 14, 2012 4:48 PM

In Soviet Russia, connections matter.  You get shit doled by the State...which is, yeah, JUST LIKE a feudal system.

This is the joke that the drugged up baby boomers didn't get...feudalism is extreme socialism.

With racial orthodoxy being what it is in the USA, you have a fast track to utter destruction waiting.

Feb 14, 2012 4:49 PM

most guys are closet homo whores then...and you're all welcome to it

Feb 14, 2012 4:50 PM

to hell with them, hire diversity

Feb 14, 2012 4:51 PM

that can go away if they are just underfed for a while.

Feb 14, 2012 4:53 PM

sms passes for human interaction these days

Feb 14, 2012 4:57 PM

yeah, it really sucked.

You on the other hand were rich, because you won the "world's biggest idiot" contest...but I've said too much.

Feb 14, 2012 5:23 PM

good thing mass transit is chock full of guys like "epic beard man"...should be real fun to ride.  Lots of video on worldstarhiphop to peruse as well

Feb 14, 2012 5:24 PM

nothing more diversity can't solve

Feb 14, 2012 5:25 PM

yes.  WTI is increasingly irrelevant.  There is really not that much produced of WTI anymore.

The canadian syncrude and other spreads are interesting however

Feb 14, 2012 5:27 PM

orange juice manifests itself in stores without any energy inputs, right?

Inflation is one component.  Unfortunately, it has masked an underlying cause and allowed people to pretend it doesn't exist.  Supply has peaked.  however, demand hasn't.  There are still 2B chindians who want a car or 3.

Feb 14, 2012 5:29 PM

Viva Riva bitchez

Feb 14, 2012 5:30 PM

W is irrelevant, dW/dt matters.  in automotive terms, that's called "frontal cross section"

Feb 14, 2012 5:47 PM

god fucking DAMN you are stupid.

I responded to "However I find it very hard to believe that transportation would top that in the US - for example in Germany heating uses up almost double the transportation sector (as cooling is rarely needed)."

Can you fucking READ, you fucking IDIOT?

He found it hard to believe that ENERGY used for transportation would exceed ENERGY used for heating (aka, residential and commercial).  I cited a document showing that it most certainly DOES.

Now that we have established that you are stupid PLUS illiterate, let's move onto "dead fucking wrong too," shall we?

From 2009, DOE estimates on quads used (you can look up what a quad is, moron, try it sometime).  Just to make it easy for you because I am certain that basic web searches are lightyears beyond your feeble capacity, a quad is a quadrillion BTUs.  From the DOE estimates for '09, from the Livermore Lab (google them too, asshole), transportation uses 25.34 quads from oil.

How many from COAL (for all uses), where "most ENERGY" (your words) comes from?  According to the genius Cliff Mosely-Claven....let's see here.

Drum roll, please.

19.76.

Correct me if I'm wrong here, Cliff (yeah right, that'll be the fucking day), but 25.34 is MORE than 19.76.  In fact, nearly DOUBLE the amount of "energy" comes from oil as it does from coal (if we factor in other uses of oil along with transportation).  Oil totals 35+ quads.

Now, if your claim was that ELECTRICAL POWER GENERATION is majority coal, then you would have been closer to correct, but that simply is NOT what you claimed.  At any rate, coal power is NOT a majority; it is 18.3 quads out of 38.2, which is less than half.  Your notion that fuel is not energy is just so utterly fucking absurd that I cannot even wrap my brain around how dumb you are.

In summation, you are both stupid and obnoxious.  Not ONE THING you claimed was correct.

Now SHUT THE FUCK UP before I have to get REALLY abusive, ok?  Slink the fuck off like you always do after getting bitchslapped in here.

Feb 14, 2012 5:52 PM

dude...you're aware that the vast majority of reactors are not used for plutonium production, right?

The issue is a lot deeper than you have been led to believe.  Thorium reactors are less proliferation prone than uranium reactors; this should NOT lead to a conclusion that uranium reactors are used BECAUSE they are more proliferation prone or that thorium reactors are better than uranium ones.

Feb 14, 2012 5:53 PM

if you were smart, you'd understand how irrelevant the biotic vs abiotic argument is.

You'd understand that only rate of production matters.  Reserves do not.

I routinely tell people during arguments about PO to assume reserves are infinite.  It's not even germane to the argument what reserves are or where oil comes from.

Feb 14, 2012 5:55 PM

NO YOU JUST WORSHIP BALE

Feb 14, 2012 6:01 PM

did you...um...click on any of those links, Mr. Argumentum ad Googlum?

You might want to do perhaps a smidgeon of DD before you post 50,000 links to the same paper from Penn State, along with a bunch of links totally irrelevant to tarsands.  Did you really think you could get away with typing "ionic liquids" into google and pass that bullshit off as a rebuttal?  HAHAHAHAHAHAHA.

But, way to open with ANOTHER strawman, dude...you're like batting 1.000 on that shit.

I never at any point made the claim that you attribute to me, which was a fucking tautology.

I said merely that you have marshalled NO EVIDENCE as to YOUR claim of reduced EROI NOR the technical feasibility of adopting this lab process to the real world.

These statements stand.  They will remain true no matter how many strawmen you throw up, how many times you lie, weasel, and dissemble, and how many times you post google searches as "evidence" of something.

Are you sure you're not Hal from RMA?  Because GFD you remind me of that idiot.

Feb 14, 2012 6:04 PM

HOLY SHITZEZ batman!!!!  .02 % decline rates since 2009!!!!!!!  WTFZEZ

Did you, um...look at the MAP on your link?  No, of course not.  Do you even fuckin READ this shit you cite or do you enjoy giving other people the ammo to make you fall on your face yet again?

People consume more because of interest rates?!?!?!  WTF...idiot....have you ever bothered to research consumption per capita versus time?  In the days BEFORE ZIRP?

Feb 14, 2012 6:06 PM

I hope you can someday soon.

BUT THEN I JUST WORSHIP BALE.

Thermodynamics is another thing I'm fond of.

Feb 14, 2012 6:10 PM

yeah, both of those societies are doing pretty ok.  Like I said, I was just in iceland, dude.  The whiteys you hate so much are doing pretty ok maintaining the civilizations they created.  Japan is continuing in an orderly manner...they hit the supply side wall about the same time as Detroit went majority black or South Africa was handed over.  Where the fuck would YOU rather live, idiot?

Islamified europe has some burgeoning demographics issues.

Feb 14, 2012 6:12 PM

NO YOU JUST WORSHIP BALE

I'll leave your response as adequate to address Cliff's projection

Feb 14, 2012 6:13 PM

so then price doesn't collapse when this demand bubble collapses, idiot?

We are printing more money AFTER the crash than before...

GFD, do you even know what DAY IT IS?

Feb 14, 2012 6:17 PM

the earth doesn't know what the PRICE IS.

Whether or not oil costs a million a barrel or 5 fucking dollars DOES NOT CHANGE that the earth has a maximum sustainable production rate of this resource.

There are a few things I know, son...one of them is that you have NO BUSINESS disputing anything I say in a discussion about oil.  There's literally nobody with half an education here who doesn't already know that.

There is NO SUCH THING AS PEAK CHEAP OIL.

There is only PEAK OIL.  Perhaps you were confused about what it is that I was bitchslapping you about; are we clear now, jackass?

Feb 14, 2012 7:06 PM

that off grid dude sure has a lot of shit built in on-grid factories.

TRUE off grid is that guy who decided to move to alaska, but even he had tools brought from the lower 48.  At least he built his own cabin but he did use a rifle to kill animals to eat

Feb 14, 2012 7:08 PM

true statement.

it's easy to live "off the grid" when all the industrial machinery needed to make your stuff is still on the grid.  When the shit fries, you just go back "on the grid" to pick up a new appliance from china.

It's total bullshit from smug, self-important douches.  As if everyone can have 10 acres and a well...lol.

Feb 14, 2012 7:12 PM

easy, you go back ON the grid and pick up new parts from the rest of society.  And you do so with a smug look of derision at all the other people in walmart with you.

Unless you are etching your own solar panels, STFU about being off the grid.

Feb 14, 2012 7:14 PM

ROTFL, it's troll central in here.  Log in now as MDB and give us some more

Feb 14, 2012 7:15 PM

w.o.w.

You made the laptop out of what....it grew on laptop trees you planted in your garden?  I won't even ask about the wifi.

You retards expect the rest of us to provide all this shit so you can have your "off grid" life?  What a bunch of selfish nitwits.

Feb 14, 2012 7:16 PM

you guys hike to the top of the mountain and made the snowboards out of wood, right?  OFF GRID FTW

Feb 14, 2012 7:18 PM

Satellite you say?  You launched that from your back acre, right?

Feb 14, 2012 7:22 PM

I stand by my conclusions and your concession to them is noted.

Feb 14, 2012 7:59 PM

you forgot unicorn piss

Feb 14, 2012 8:01 PM

hate you?  Dude, I couldn't give a shit if you live or die; you mean absolutely nothing to me

However, your concession on this point too is noted

Feb 14, 2012 8:02 PM

fuck solar, unicorn piss FTW

and if you disagree, THEN YOU JUST WORSHIP BALE

Feb 14, 2012 8:05 PM

LOL...dumbest thing you've ever said

Feb 14, 2012 8:06 PM

gold production peaked 10 years ago.  idiot

Feb 14, 2012 8:08 PM

i h8 u gfy

Feb 14, 2012 8:10 PM

ROTFL...you call this guy's shit self-sustaining?  And the laptop guy downthread, too, huh?

You're a fuckin idiot.  Self-sustaining systems are for THOSE THAT WORSHIP BALE.  Because BALE is the god of notgrowth.

Feb 14, 2012 8:11 PM

wow, man that's awesome.  You mine and smelt your own copper for wiring?

The electricity for those motors...unicorn piss?

Feb 14, 2012 8:15 PM

heck no...I am a human, therefore social.  I rely on the GRID.

The GRID is still around even in Argentina.  I had internet and power in Iceland; so does everyone else.  I have no idea where these misanthopes get their kicks.

And this is something coming from Mr. "Sterilize 97% of the population" calling people misanthropes...

Feb 14, 2012 8:16 PM

do whatever you wanna do, man, but don't talk shit about how smart you are for being off the grid when everything you have came from the grid.

I would love to live on a spread like DCFusor has too but I wouldn't go around bragging about how off grid I was when I have chinese solar panels.

Feb 14, 2012 8:18 PM

canned MEAT?  R U fkin people NUTS?

You're going to can an entire fucking elk....yeah, um, sure dude.

BTW, I am glad to see that you have a glassware factory on your compound.

Feb 14, 2012 8:20 PM

yeah wood works for tiny populations.  You're sharing right?

Feb 14, 2012 8:23 PM

be a good son and go scout properties for her in juarez

Feb 14, 2012 8:23 PM

then who feeds my fuckin kids?

Feb 14, 2012 8:27 PM

the electric grid is pretty wasteful; decentralized power production would save tons of quads.  I'm a huge fan of that.  Hey, if you can get chinese solars produced in a smog city and shipped here by a big polluting boat and then trucked nearby and installed along with a lot of other toxic waste producing electronic shit then BY ALL MEANS call yourself an off grid in tune with nature renaissance man.  Just don't expect someone like me to take you seriously.

Having more solar panels is a good idea so long as the chinks are dying of cancer for it.  And there's not one person willing to acknowledge that this "cost effectiveness" comes at a human price.  Nobody wants to have an adult discussion; they all want to play pretend.

Feb 14, 2012 8:30 PM

BOUGHT?  WTF IS THIS BOUGHT?

That's ON THE GRID...I am so disillusioned with you and that you are able to respond OFF THE GRID.

How do you get these posts to ZH?  Are they carried by unicorns???

Feb 14, 2012 8:33 PM

is your shit fireproof?

Feb 14, 2012 8:36 PM

LOL

no, I am just laughing at all the people who are prepped with all this ON GRID shit.

It's like you people think society is going to collapse but you will be living like omega man.  Get over it

Folks think they're prepped; they're not.  Shit goes sideways and montana man can get his property seized by The Party.

This is why I tell all you folks to watch Dr. Zhivago, besides the fact that it's a great movie.  Just watch it.  The doc had a city home and a country farm too.

Feb 14, 2012 8:47 PM

I get my R134 off the grid

Feb 14, 2012 9:16 AM

enough with all this NWO conspiracy shit

Feb 15, 2010 1:45 PM

EVERYWHERE IS ARGENTINA

Greece already fuckin sold off roads, airport fees, public works projects revenue streams, etc., in exchange for cash up front and derivatives deals (rate swaps).

Fuckin gov there has already sold off the productive national assets to keep in the debt game.  This is no different from what Menem and De la Rua did to the Argentines when they fire sold national assets to foreign creditors.

While the proles demand the dole's expansion, the government is selling the nation out from under their feet to keep the party going.

If people don't stop this shit NOW, you will wake up one day to find a Goldman Sachs tollbooth on your street staffed by a local police officer.

Feb 15, 2010 1:54 PM

It's even worse than that...they already sold off profits from the national lottery, from airports, and road tolls to keep in the debt game.

Goldman has looted Greece the same as Argentina was looted.

This is a subcurrent running through the international power game, financial looting of entire sovereigns.  Look, people here are demanding payola too and our banks are going and TAKING IT from other countries.

THIS is why the USD as reserve will eventually fail; we have wielded it as a weapon!

Greece has nothing to pledge at this point because they already garage sold their national assets in exchange for more funding.  It's EXACTLY like a freaking heroin dealer and a junkie.  Governments and the idiots who work in them CANNOT BE TRUSTED TO BORROW MONEY.  They're too STUPID and self-interested to understand the fatal trap of compound interest.

The moneychanger class has been using this racket for centuries.

Feb 15, 2010 1:55 PM

Gold made a new euro high today.

Collapse of the euro means that ANY and ALL debt-based paper is imperiled.

We have more debt problems in our States than the EU has countries.

Feb 15, 2010 1:56 PM

You understand the nature of default, don't you?

Systemic deflationary crisis leads directly to currency collapse

Feb 15, 2010 2:00 PM

"For the love of money is the root of all evil."

Careful when you use phrases like "the tribe," the censors might get all over you here.

In ancient times, entire tribes associated with the moneychanging and fractional lending rackets were thrown out of nations.

Feb 15, 2010 2:07 PM

A new National Socialism will arise and another purge will occur.  Not everybody is historically amenable to lying down and taking it.

But, I agree...Argentina was merely an early canary of the roadmap.  It is to buy national assets such as politicians first then either bribe or bamboozle them into sales of cashflow-producing national assets, public works, dams, bridges, roads, the lottery, airports, anything that produces revenue, oil, gas, the cellphone infrastructure, and then get them into compounding debt.

No different whatsoever than Mark Twain's observations about a certain class of lenders who set up in the South following Emancipation and managed to build fortunes by taking ownership of sharecroppers' shares via collateralization against the harvest share.

The masters of finance will take down nations in order to profit, trying to capture any cashflow and income that they can.  YES, the ideal is to make every single freaking person except those in their class a rentier serf.  If this means a GS tollbooth on your street, then that is what they will do and they will say "oh well, you OWE it."

Historically, these types of arrangements are settled through force of arms.  However, feudalist Europe persisted for centuries in just such a scenario.

Feb 15, 2010 2:12 PM

Repudiation by force is the only practical option at this point.

The banker class has ensnared every idiot politician all over the globe - these are NOT high-IQ people - the same way as carpetbaggers did it to newly-freed blacks by lending against their crop shares.

Remember, that Germany had its little nazi episode in the aftermath of JUST SUCH an outcome.  France took by force some of its best revenue assets, which is precisely what Greece has already sold to Wall Street.

Eventually, a big war ensues to "settle" those debts.  At some point, you owe the bookie more than you can repay and the goons come to collect.  The death of you or the bookie serves to finally extinguish the debt

Feb 15, 2010 8:13 PM

Who will, the freaking grocer?  You think HE's gonna tell?

Gosh, how do people buy drugs these days, they're illegal everywhere!!!!

Fine, hang onto your paper, dollarbugs.

Freakin gold was exchangeable in Argentina, Zimbabwe...everywhere.  Somebody will step up to "adopt the risk" of transacting in it just like they do...oh, in heroin maybe?

Feb 15, 2010 8:16 PM

Don't worry, Douchinger, the TF acolytes, and the entire fiatbug crowd will have PLENTY to sell to them in the form of FRNs

Feb 15, 2010 8:17 PM

Come holler at me next, I'll give you 20% over the face value of the coin, whereas the store would only give you the legal tender value (which they are required to by law).  Yes, you really can use your 1 oz Eagle as $50

Feb 15, 2010 8:20 PM

You need the wheelbarrow for the new fridge?  Bc you can get a fridge today for less than 1oz.

WTF do you do with all the rest of the valuables in your house, idiot?  Is your TV missing every time you come home and all the wife's jewelry?

Fiatbugs are really idiotic.  You wanna buy from me with gold, let's hook it up

Feb 15, 2010 8:21 PM

Does your gun have serial #1 on it, mfer?

If not, then YOURS AIN'T THE ONLY ONE OUT THERE.

Someone is going to ambush YOU for your precious food, water, and ammo, ya idiot

Feb 15, 2010 8:27 PM

So ur sayin that the Opium Wars were straight out of Sun Tzu?

You might wanna recheck that history book - the Germans lost.  The U-boat Corps had some of the highest loss rates in any branch of service in the entire war.  They were VERY dangerous places to be.

The Chinese are a joke militarily.  A much more significant nation, at least in terms of power projection, is India.

Feb 15, 2010 8:35 PM

yeah, nobody else will figure out to shoot animals.

And, nobody will just come across you trying to drag the carcass out and shoot you.  Not like this sort of thing happens in the animal kingdom.

Yeah, most of history was just subsistence living in a madmax society.  Until we had the FRN which saved us all and brought about the steam engine and electricity

Feb 15, 2011 1:31 AM

just strip out anything that's going up...problem solved

Feb 15, 2011 12:27 PM

oil exporters cannot simply "ramp up exports."  Does this guy think production is unlimited?

Even if they did, if the price is crashing due to demand-driven factors, wtf good would more exports be?  Oil is purchased to consume, not to look at.  If economies are cliff jumping, less oil will be burnt, and there will simply be no market for additional supply

Feb 15, 2011 12:30 PM

the world is deleveraging because aggregate economic activity is in a process of contraction.

Debt based on an expectation of growth must be discounted to reflect the new reality.  Expecting clownbucks to increase in value when they are backed by nothing except a promise of a future of more is foolish.

Feb 15, 2011 12:34 PM

No; 20T is infeasible given current oil production.

One need look at ONE chart alone to see where this is going, that of world population against time.  It climbs a vertical wall at the onset of the oil age after being basically a flatline for all of history.

As far as Texas, where does the water come from and the sewage and trash go?  The land footprint of people is a lot larger than their domicile.

Feb 15, 2011 12:52 PM

the bernank cannot change the fundamental nature of our money nor can he print oil.

Can't everyone just for a moment consider that sometimes things happen that are outside the control of men, or is that too scary to ponder?

Feb 15, 2011 3:10 AM

what if "they" say no?

Egypt?  LOL.  One outcome of many...how about Iran?  China?  North Korea?  Bhutan?  Myanmar...jeezus I'll be up all night at this rate.

Peaceful protest fails more often than it succeeds.  This shit about violence...are you gay or something?

I love it how people latch onto the few exceptional cases where a bunch of people banged pots and everything turned out fine.  Or has it?  Is Egypt really better?  You're already counting chips in a card game where they haven't even flopped yet.

And for what, to try to convince yourself that real change can be had without suffering, pain, bloodshed?  To what, try not to get your hands dirty?

If it really comes between their eating and yours, they will not hesitate to use violence.  People here babble on for days about how the "leaders" are all psychopathic bullies yet you really think they are going to respect your words?

Jeez, even the military has figured out that surgical bombing doesn't win wars, yet you think you can hold hands and say enough and it will....

Feb 15, 2011 4:07 PM

look at his SOLUTION in #5!  "We" have to curtail China's energy consumption?  IOW, we have to perpetuate other nations' poverty so that we can sit atop the consumption-per-capita list.

This sounds like war to me.

Feb 15, 2011 4:13 PM

'grats to anyone who BTFDd and went balls deep in FM SLW calls

Feb 15, 2011 4:21 PM

Unfairness, bitchez

Feb 15, 2011 4:28 PM

oh so the NAME is all that matters...lol.

They won't change it from NYSE, I'm sure, just as the COMEX merger didn't sweep away all the underliers' names

Feb 15, 2011 6:43 PM

the real deficit is equal to or greater than revenues.

TreasuryDirect tells a different story about the real deficit as opposed to headline.  Nevermind losses embedded on the Fed's balance sheet or at the GSEs.

From: http://treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

we have:

09/30/2010  

13,561,623,030,891.79

 

09/30/2009

11,909,829,003,511.75

 

09/30/2008 10,024,724,896,912.49

This looks suspiciously like around 1.9T, then 1.65T just from the published figures.  $14.08T is the current number.

Feb 15, 2012 1:16 PM

easy...stop selling it as iPad in china.  Proview doesn't own the mark anywhere else.  They have no legal basis to stop exports to places Apple owns the rights to the mark.

This is all IF proview isn't just trying a shakedown.  The shit will sell if it has the apple on the back, they could put iTurd on the front and it wouldn't change a thing.  make the foxconn workers get right on it this minute and have it done by the next minute; aapl doesn't care how many jump, they are like the irish in the 1840s

Feb 15, 2012 1:20 PM

it's not that big of a deal.  Proview may own the iPad mark in china, but they don't anywhere else.  Injuctive relief of the type they're asking for is unwarranted.

As proview hasn't actually used this mark in commerce, their claim is pretty fuckin weak even under US law.  And, because everyone associates iPad with Apple, they can take the mark on that basis alone.  Marks are not real estate that you can just sit on in perpetuity; they either have secondary meaning in terms of source association or they are subject to dilution.

For example, aspirin used to be a registered mark of bayer, refrigerator was a registered mark, margarine, as were many other terms that ended up being ruled generic and usable by anyone.  You can lose your marks if people come to associate them with other things.

Feb 15, 2012 1:23 PM

with the dow down 22 points...yeah, um, capitulation totally dude

Feb 15, 2012 1:25 PM

dude, people in the 3rd world crave this shit more than LV.

Apple is a brand now like marlboro or nike or coca cola.  People want this shit everywhere.  I know a ton of people earning 3rd world wages who are still buyin iCrap.

I guess it never occurred to you that there was a Rest of World out there, eh?

Right now there are people in places like colombia scheming how to get victoria's secret lingerie, Tiffany jewelry, and iCrap into their countries without getting jacked by customs.

Feb 15, 2012 1:26 PM

free to work, free to quit, free to jump

Feb 15, 2012 1:28 PM

giving the drachma back won't change a fuckin thing

Feb 15, 2012 1:29 PM

farrakhan is all over jewish involvement in the slave trade. 

Feb 15, 2012 1:32 PM

huh?  You mean the book that paints them out as a victim except when GOD tells them to commit genocide?  LOL.

Jews have been neck-deep in every vice trade since the dawn of time.  They are not a reviled people for nothing. 

During the egyptian famine, they watched out for each other and lent at interest to the egyptians and ended up owning most of the country.  Then the egyptians rose up and put down the foreign nomad war tribe clan.

Nobody ever wonders how they went from ruling class to slave class?

Feb 15, 2012 1:36 PM

my communist teacher in HS made a persuasive case that the war, like all the rest, was about ECONOMICS.

Take a look at protective tariff regimes and the structural differences in the economies if you want to know what wars are really fought over.

Slavery was a nice mythic narrative like Jessica Lynch or "Let's Roll"

In reality, the industrializing north enacted tariffs to manufactured goods via their majority in Congress, which were promptly retaliated against by the European manufacturing nations, greatly injuring the South, which was a commodities exporter.

The secession was business.  Nobody REAL cared about slavery.  They cared so much they sent the Irish to slaughter over all this.

Feb 15, 2012 1:38 PM

are you stupid?

Race, contrary to that stupid link someone posted, is NOT a social construct.  It is biological.  That is why clinical drug trials ask for race, because they are seething racists, not because there is any genetic difference between people who were born with tons of different physical attributes.

Feb 15, 2012 1:41 PM

people who disagree with me ARE ignorant.

Feb 15, 2012 1:46 PM

multiculturalism is a FAILURE.  Every single multiculti country is fucked up by the IMPORTS.

Even when turnkey civilizations are handed over, the imports revert BACK to the behaviors they demonstrated in their home countries and inevitably turn where they are into copies of where they came from!

This is because culture IS NOT TAUGHT, it is INNATE.  Culture comes FROM people, it does not make people.

Feb 15, 2012 12:03 PM

a lot of spx companies are pretty profitable though...

Feb 15, 2012 12:13 PM

silverbugz are the worst, especially those that are "living off the grid" and encouraging everyone to do it by posting doomer crap on the internet (massive irony).  Never understanding that the grid provides the means to pretend to live off of it.  If everyone goes to silver and off the grid then nobody can.

JFC, the internet itself is impossible without a giant grid of supercomputers, nevermind semiconductors and all the rest of this.  Instead of bragging about how checked out they are, silverbugz and doomers need to put down the canned hams and rejoin the rest of society.

Feb 15, 2012 2:04 PM

Canada did it during G20...seems to be a common thing now

Feb 15, 2012 2:36 PM

unless they bought them today

Feb 15, 2012 2:37 PM

no you might hurt my feelings

Feb 15, 2012 3:44 PM

maybe, just maybe, bitchez

Feb 15, 2012 3:45 PM

people realized how stupid silverbugz are and figured they'd take the opposite side of "dumb money"

Feb 15, 2012 4:08 PM

bad, bitchez

Feb 16, 2010 3:54 PM

HOENIG:  WITH THIS NAME WHY AM I NOT A GANGSTA RAPPER?!??!

Feb 16, 2010 4:39 PM

Private credit creation has collapsed.  That is because the real economy sucks.

So, government must borrow - that is what QE is, the gov owes the Fed that money plus interest.

At some point, they have to do completely unsterilized injections if they want inflation.  If they just want credit inflation, that is NOT going to happen.  The world is not going more in debt to bankers in the aggregate.

Expect a devaluation of the dollar against things bankers have lots of

Feb 16, 2010 8:50 PM

WTF is wrong with all these pessimists?!?!!?

Dude, Wall Street got RECORD BONUSES.

You are supposed to life your lives vicariously through them just like entertainers and athletes!

Feb 16, 2011 1:16 AM

huh?  if the recovery is strong, then demand will drive up commodity prices.

Morons think we will have a global boom reflecting necessarily growing consumption of energy but that the price of oil will...crash??!?

Feb 16, 2011 1:28 AM

If they try that en masse it will really be time to start shooting.

Selling our nation out from under our feet for debts they racked up for shit we didn't want...illegitimate debt.  Default.

Chicago has already sold a bunch of stuff to make a year's budget-parking meters, etc.  Fraudulent and a looting operation.

Argentina and most of S. America shows where this goes...banks and other monied interests bribe politicians to sell them State assets.  Fuck that.

Feb 16, 2011 11:14 AM

Riches for everybody!!!!!1

Feb 16, 2011 11:44 AM

the US's oil production peaked in 1970, so our economy came apart and the reserve USD was threatened.  This is why there was a stampede for metals then.

When the USD got its heartbeat back, people resumed the game.  It's really that simple.  Now here we are 40 years later and the condition has relapsed.

Global debts cannot be paid back.  Japan is a classic example of what happens to an economy once it's saturated.  They hit the supply-side debt wall in the late 1980s and nothing has been able to resurrect their upward mobility.  They still live well; it's not as if Japan is in a state of apocalypse, despite the blathering about them.  They surely will default because they haven't had any ability to grow for 20 years.

BUT, and this is wise to remember, Japan has been walled now for 20 years, yet their currency has not collapsed and their interest rates are still low.  The discounting process for them has obviously taken a lot longer than many might have expected.

JGBs are the only thing paying any yield whatsoever, consequently, they are well-bid enough to command 1.x% yields.

Feb 16, 2011 11:45 AM

No more backstage high-5s like after the Tucson speech?

Feb 16, 2011 11:46 AM

and pollute everything they can come into contact with

Feb 16, 2011 12:07 AM

they will have to make mention of exit strategy but it is jawboning at this point.  They'll say it at precise times to ward off the inflation tide, but seriously...if they were to pull their bids on treasuries, the chasm gapes.  There's simply no way the UST can roll at the rates that would be commanded from a literally BK State, reserve currency or not.

the true trend is deflation and discounting of debt-based instruments to reflect a future of contraction.  There is nothing the Fed can do at this point with interest rate policy to change this.  Japan has not come out of QE after 20 years; why everyone expects the Fed to is beyond me.

Feb 16, 2011 12:10 AM

I hear kidnapping is big in the 3rd world too.  It will take a very long time before those with means figure out to start driving downscale anonymous cars.

Brazilians of wealth do this all the time.  In Baghdad I remember a story of a millionaire consumer electronics importer who had the Benz's in europe but drove a beater with a cracked windshield at home.  Simply too dangerous to stand out.

Feb 16, 2011 12:15 AM

let's explore this whole "white" house thing...what exactly good have blacks brought to this nation?

Despite trillions in favoritism over 40 years, they're still irretrievably at the bottom of the socioeconomic ladder.  There are a dozen blogs which recount the trends in scholastic performance out there, despite mountains of money thrown at the problem.

It's so bad that the diversity police no longer even COUNT asians as a minority.  Yet it used to be illegal for one to testify against a white man; they also sat at the back and did not drink from the white fountain.  Indians are also of color and seem to be doing just fine.

If you mean we need to take the country back to the principles BEFORE civil rights, I wholeheartedly agree.  Nothing good has come from that movement.

Feb 16, 2011 12:40 AM

volume sure doesn't seem to confirm and there's no evidence of retail flooding in to margin buy

Feb 16, 2011 2:04 AM

MLPs and exploration companies, and trusts...that's all I'm in anymore.  The price trends seem to suggest everyone is buying whatever yield they can find.  Some of the better coal trusts are now barely above the 10-yr yield (ARLP)

Feb 16, 2011 7:24 PM

Silver, bitchez

Feb 16, 2011 7:53 PM

untrue...increased atmospheric albedo due to aerosol pollutant contamination causes a measurable and significant cooling effect and disruption of rainfall cycles, causing droughts and disrupting weather patterns on intercontinental scales

Feb 16, 2011 8:08 PM

well then I'll just diversify into cocaine, because sales of that aren't taxed, right?

Two words for daniel: money laundering.  It might surprise people that there are hundred-billion dollar economies out there selling things that are illegal to possess, stolen merchandise, hell, even PEOPLE. 

I'm not sure that if there's a megainflation that anyone is really going to be caring that much about taxes; just borrow the money you need to pay them.

Feb 16, 2012 1:31 PM

Gold doesn't generate any cash, people!!!  NO INTEREST, ok?  That's why it's a suck investment.

Treasuries on the other hand, generate a negative rate of return and are therefore a much better place to park money.

Feb 16, 2012 1:33 PM

ima get a rack of gold teefs

Feb 16, 2012 1:37 PM

Anything which prolongs the inevitable is good for Greece.  It keeps them lounging in cafes pretending to work for a little while longer

Feb 16, 2012 11:34 PM

all I know is the Sprott gang has been taking gullible silverbugz to the cleaners with that premium runup to NAV on pslv and then yanking the rug out from under them by issuing secondaries

Feb 16, 2012 11:35 PM

gullible lemming silverbugz like you must enjoy getting taken to the cleaners

Feb 16, 2012 11:36 PM

ROTFL..the dream of every silverbug, to get rich speculating.

Gee, you guys are so different from the financial wall street trash and the squidzez

Feb 16, 2012 11:41 PM

I go on so my friends can see what I'm doing

Feb 16, 2012 11:43 PM

if that wasn't too long ago, hit me up with her contact info

Feb 16, 2012 11:44 PM

they're up to about 50

Feb 16, 2012 11:50 PM

are they hot?  If so i need to friend them

Feb 16, 2012 12:05 AM

this type of demagoguery by Greece is inexcusable.  They cause a Godwin's Law invocation nearly every time they speak on this.  THEY borrowed the money.  This is NOT ICELAND.

Feb 16, 2012 12:11 AM

that stuff is everywhere

Feb 16, 2012 12:11 AM

huh?  nonsense.

Feb 16, 2012 12:31 AM

sigh...load of crap

Feb 16, 2012 12:36 AM

people are assuming that these federal agencies hired people for their competence instead of for their race.  That assumption would be...unwarranted.

Feb 16, 2012 12:44 AM

tl;dr

Feb 16, 2012 12:46 AM

Well, now look at Illinois since integration...lovely outcome.  Maybe Lincoln was a little smarter than you give him credit for

Feb 16, 2012 12:49 AM

the economic collapse saw private salaries decline and federal just kept chugging upward

Feb 16, 2012 12:52 AM

ROTFL...dude, I am next to gov workers on a nearly daily basis.

Half of them are affirmative action hires.  They don't work because they don't have to.  They weren't hired for work, they were hired for black.

This nonsense about "comparable experience" and shit...gov workers bring ZERO to the table.  NOTHING.  They are almost uniformly INCOMPETENT.  I have met maybe ONE or TWO who were even capable of doing anything.  This spans civilian workers from DoD to DHS to DOJ.  Incompetence is the rule.  ANYONE who has ever worked in government knows this; it's no secret.

The government has not made merit a hiring criterion for 30 years.

Feb 16, 2012 12:57 AM

they don't also factor in the total incompetence of typical federal workers.

Between facebook and fantasy sports, they do precious little else.  Blasting stereos in cubicals is another winner.

Federal workers are overpaid by a factor of 5x, at least.

Feb 16, 2012 12:59 AM

Bohr or Heisenberg's ghosts claimed they could predict with absolute deterministic certainty, though?

Feb 16, 2012 2:49 PM

what do you mean how they deal with 9/11?

Feb 16, 2012 9:29 AM

they can't make people borrow at 0%

Feb 17, 2010 11:56 AM

as long as we recognize that the bankers' conceptualization of money is debt.  They have to protect the viability of debt as an institution.

Nothing scares them more than a jubilee or repudiation...what would the Fed have to DO if we said, yeah we're going back to a commodity or production currency or else purely fiat?

Feb 17, 2010 11:58 AM

Our money is not fiat money, it is debt money.

It's value comes in that every single dollar in existence is owed to a bank plus interest.  This means you have to return the dollars plus go find more of them.

Feb 17, 2010 11:59 AM

Fuck that, their oligarchs don't have ENOUGH riches???

As if we really want your 3rd world lifestyle up here, buddy.

Feb 17, 2010 2:56 PM

"Discourse of Voluntary Servitude" by Etienne de la Boite

Feb 17, 2010 5:19 PM

"Assets"?  Are these marked to myth?

Like to know exactly what assets BNP or UBS are holding.  I can see Switz banks having a lot of bribe money, oil for food money, related drug trafficking skims, and other kickbacks, graft, and related payola due to the secrecy laws.  But, would like to know what the hell these days qualifies as an asset.

If you let me mark to model, I have assets orders of magnitude larger than world GDP right here in my colon.

Feb 17, 2011 1:40 AM

Eric "Place" Holder is very selective in terms of the crimes he sees

Feb 17, 2011 1:51 AM

the rate policy is intended to force people to lever...the credit base must grow

Feb 17, 2011 12:30 PM

well, when debt=money and debt=wealth, it's pretty clear that a loan from one company to another should be carried as an ASSET on both balance sheets.

Think about it this way, Lender will carry the loan to Borrower as an Asset and Borrower has the fictitious cash or line of credit to use as collateral.

Feb 17, 2011 2:05 AM

somebody should explain physical/paper divergence to...somebody.  I'm fairly confident that there are other essentially tracking ETFs on other commodities.

WTI can get sold to 0 and it won't change real oil prices.  Several of the trolls around here might be wise to bear this in mind

Feb 17, 2011 2:07 PM

IBM's Watson has proved that you can't ring in faster than the machines

Feb 17, 2011 2:43 PM

what is insane about RP's foreign policy beliefs?

Feb 17, 2011 2:52 AM

any insight on Trilogy Energy?

Feb 17, 2011 3:09 PM

Just add some "change" and you have Obama

Feb 17, 2011 7:35 PM

Fix it how?  They are gov't agencies, not going to onboard a lot of new minting equipment.  There's a whole supply chain involved between raw gold and then refining to blanks and then finished products that isn't apparently amenable to just bringing on new production capacity.

The Mints are probably banging these coins flat-out but because all of the "respected" talking heads say gold is stupid and a bubble (the people who don't own it and don't want to own it and most importantly don't want to deal with what it'd mean if you have to own it), so why would the gov encourage more production?

Feb 17, 2011 7:36 PM

I knew one guy who had some physical but he sold it to raise cash because he wanted an M3

Feb 17, 2011 7:41 PM

that's strange, because some of the few miner mooch funds out there have the best 1, 3, and 5-yr returns among the entire products list.

Individual stock picking in miners is troublesome and sticking to giant caps in miners?  LOL.  Wrong sector, dude.  If you were a real picker, you'd have been in FRG or SLW or even Troy. 

You want large cap index momo, you're in the wrong industry.

Feb 17, 2012 11:05 PM

those high marginal tax rates also had TONS of deductions packed in.  You used to be able to deduct even credit card interest

Feb 17, 2012 3:48 PM

so we have bond counterfeiting scammers trying to buy "plutonium" from Nigerian scammers...looks like 419 bitchez all around

Feb 17, 2012 3:50 PM

she needed dick with a fat ass wallet...bitch like that wasn't going to be buying off the rack and flying coach

Feb 17, 2012 3:50 PM

um....wtf is the par now?  .000001?

Feb 17, 2012 5:36 PM

there is light at the end of the tunnel for lazy, greasy greeks only when they stop lounging in cafes pretending to work and actually start producing.

Feb 17, 2012 7:11 PM

I figured most of you were posting robots with the brains from a digital clock

Feb 17, 2012 9:50 AM

yeah and the way superficial and insecure hot chicks post slutty pics of themselves so they can get 100 "OMG ur so hot" replies from desperate dudes thinking they can grovel their way into the girl's pants

Feb 18, 2010 1:45 PM

If the Euro actually comes apart, people will then realize that major fiat currencies are subject to collapse.  Those in parts of the 3rd world or the former USSR already get that but the "western" world does not seem to have populations that grasp it.

The euro not too long ago was seen as supplanting the dollar and now there are those questioning its very viability (FWIW, I predicted the euro would come apart, maybe 5 years ago?).  For a major currency to go from supposedly ascendant to supreme to collapse all over an *insolvency* of a member nation...well, who's more insolvent than the US and its 50 states?

Feb 18, 2010 1:59 PM

Good lord, if credit demand is that low NOW, and the banks attempt to raise rates, wtf is that going to do when all the economic activity now is of negative ROI?

China is a classic example - that is where all the "investment" is going.  OK, so now they have 3 of everything when one was needed for ordinary demand.

How can you lend at >0% when the ROI of the "investment" is negatively profitable?

Feb 18, 2010 10:42 AM

So what's the solution, Taibbi?  The first person who goes and shoots one of these traitors will be executed under hate crimes and as a terrorist.

"We" are not the enablers, our owned government is.

In EVERY socialist system across the globe, this exact same thing is happening.  The Greeks have low personal debt but their sovereign is bankrupt.  The oligarchs there did the same scam, load the sovereign up with debt to its gills.

I was the one who used "Bamboo Lounge" first, btw lol, over on TF

Feb 18, 2010 11:00 AM

What did FDR do during the last depression?

He devalued.

There is no way out of the mathematics here - a rise in the real value of the dollar, the drop in tax receipts and all the rest of it will crush the USG.  Period.

How many times do I need to get banned from TF for saying this?

The economy CANNOT pay the gov's debts back in dollars with today's value, much less in more valuable dollars.

If the sovereign defaults, its notes and those of its central bank are going to be worthless.

Feb 18, 2010 11:03 AM

Dude...are you serious?

Look, man, the Fed is CHOCK FULL of crap mortgages.

The USG and the 50 States are BANKRUPT.

The debts CANNOT be repaid in today's dollars!  It's as simple as that.  We're simply bankrupt under any accounting analysis.

Dollars MUST be devalued because the government and all the other sovereigns OWE MORE OF THEM than they can get!

Feb 18, 2010 11:49 AM

The question you have to ask yourself is whether those who work in an institution with a 90 year record of debtmoney inflation can possibly be expected to understand that debtmoney IS the fundamental problem.

The Fed is trying to add the next layer of the debt pyramid but the real economy is not cooperating.  The real economy cannot be expected to service more debt for reasons I have expounded upon repeatedly in the past few months here.

The Fed knows ONLY debtmoney...everything fits into that paradigm and flows from it, the notion that interest rate regimes drive growth, and all of these absurd policies intended to pretend.

Growth will not return; the problem is that our entire system of "economics" is based upon it being a perpetual condition.  There is NO ROOM for contraction or even steady-state in any of the major economics schools.

We are in a climate of declining real income as measured by aggregate economic production.  We're asking and expecting basically a person with declining income to acquire even MORE debt when they are at the point where they cannot service their existing load.

Feb 18, 2010 11:59 AM

Wins?  The dollar sovereign and dollar CB are both bankrupt.  The Fed's #1 balance sheet item is recent vintage residential mortgages.  It knowingly swapped GARBAGE assets at illusory marks for FRNs to banks.  TALF and TAF accepted collateral that could have been mezz tranches of CDO squareds...who knows?  So we destroy the Euro...what does that say about fiat paper at that point if it does go down?  We cause a "stampede" into our Treasuries, great...we CAN'T pay them back!  So, we collapse last, long after everyone else has already repudiated?  So we have the best seat in the nightclub after everyone else ran out bc of the fire that burnt it to the ground...

ALL HAIL DOLLAR, KING...of nothing.

Feb 18, 2010 2:03 PM

Well, two problems.

One is that they are going classic Keynesianist - public credit creation is now carrying the torch where private demand for credit has collapsed.

But, our own debt is incredibly rate-sensitive in the durations that the Fed would have any control over.  We see rates blow out to match our own lack of economic growth and the USG is finished.

Feb 18, 2010 3:19 PM

How?

A guy like this gave his life for his cause. 

You talk on the internet. 

Who is the coward?

Feb 18, 2010 3:22 PM

Waffen SS were just following orders and trying to make a living.

The people in gov't offices that we bombed in Baghdad and Belgrade were just trying to make a living.

We never give a shit when someone just trying to make a living gets killed by our military, why should "Joe Stack"?

Feb 18, 2010 3:42 PM

You lead a cowardly life of posting on the internet.

Feb 18, 2010 3:44 PM

LOL...you try not consenting to the traffic laws on the way home today from this heavy toil of posting on the internet and see where it gets you.

The SYSTEM is broken and idiots like you still counsel to work WITHIN the system.

Feb 18, 2010 3:48 PM

Shit...we bombed the hell out of Belgrade...did we GIVE A CRAP who was working in those buildings?

Power plants, radio stations...hey, ur on the bridge?  Tough shit, DIE.

How many freaking innocents do we kill ROUTINELY in those drone strikes on houses in Pakistan?  All those wimminz and chillinz are "collateral damage" just to try to get one or two "AQ" guys.

The Waffen SS were just "doing their jobs."

Feb 18, 2010 4:20 PM

LOLZ...that didn't take long.

I guess too many people were reading the seditious stuff on it.

TF and here have people openly calling for armed rebellion against the government, stockpiling of gold and weaponry, and tax-avoidance transacting.

The only crime committed today was the destruction of such a beautiful aircraft.  I'd give my left nut for an SR22.  If you're going to fly into a building, take a shitty old Archer or something.  I couldn't bring myself to do such a thing with an SR22, be like using a Ferrari as a carbomb

Feb 18, 2010 4:31 PM

Then our military is full of crackpots.  Every one of them signs on to die if necessary to complete the mission.

Look, all the "innocents" were just collateral damage.

That's what we say every time we bomb a radio station or a power plant or a building with 30 civilians and 1 al qaida guy.

Just regrettable collateral damage.  I took pictures of buildings we bombed in Belgrade; they are on public streets, across from places people live and work and go about their business.  You tellin me EVERYONE in that building was guilty?  Everyone on the street?  All because of some "genocide" that was supposedly happening somewhere else by other people?

That is our government's orthodoxy when we go to war.  No sympathy for people "just doing their job" and collecting a government paycheck.  We all cheer when those smart bombs go through the air vent on the roof of the radio station in Baghdad during GW1.

Feb 18, 2010 4:32 PM

Bravest thing you've done so far...congrats

Feb 18, 2010 5:16 PM

What if somebody drops a bomb on a building?

You're calling every member of our air force out as a psychopath.

Feb 18, 2010 5:18 PM

What if your vocation involves invading other countries?

Feb 18, 2011 1:36 PM

Metals had a 20 year period of doing jackshit and the entire structure of prudent market behavior was shitcanned in favor of share price ponzis.  Nobody became a .gold millionaire.

I, too, have noticed a lot of MSM derision of metals.  It is because if the metalheads are correct, the entire institution of what MSM market commentators do is at an end.  The MSM people most probably have missed this boat but more fundamental is the fear of what the implications of a PM price boom are.  We're already seeing the consequences to the exchanges in terms of volume, to the institutional funds due to outflows, etc.  The entire wall street complex of sucking in mainstreet money and encouraging main street daytrading is finished.

WTF are these people going to do for a living if nobody is trading and the market returned to a climate of fundamentals and - gasp - dividends?  You see the same types of derogation against solid dividend payer stocks.  The commentators act as if these are for dumbass grammas, whereas the real traders are all in NFLX.

Face facts, the .com boom BUILT the entire careers of these people and CNBC and Bloomberg and the whole financial news complex. 

Feb 18, 2011 1:40 PM

the production dynamics are too dissimilar.  Why is it that these chartmonkeys ignore the real world?

I could conceive of Pd/Pt price convergence, but both really ought to trade at far higher than present and substantially higher than gold just given that their yearly production is 6% of gold's and Pt has been in supply deficit (with Russia selling surplus stocks to make up the diff) for some time now.

Feb 18, 2011 1:44 PM

between producers and consumers.

COMEX is simply going to forbid delivery or else be forced to stamp out anyone who is not a consumer or producer from taking significant positions, if it comes to that.

But it isn't as if there aren't other exchanges around the world.  Oil is already trading in 100 flavors in various bourses.

Sure you can buy a zillion barrels of WTI but the reality is that W. Texas produces very little real crude any longer.  It's in the 500kbpd neighborhood.  So what real good is a WTI contract?

Feb 18, 2011 12:24 AM

ah the halcyon days of parasites and shoveling horseshit.  No thanks.

Feb 18, 2011 12:40 AM

yep...the entire civil rights "enfranchisement" movement has been suicidal.  Most american women are no longer marriageable.  Go on a dating site and see how many early 30s divorcees with one kid there are.  With the safety net that diversity mandates and government spending provide, why would a woman want to put up with flaws when there are barbarians out there and the bills are paid?

We don't trust children to make critical decisions but we trust people with the intelligence and mentality of children to vote.  Women are by and large insufficiently logical as a matter of millions of years of evolution to wield a vote properly.  Were a logic or intelligence test a prerequisite of voting, one would see disproportionately many white and asian men with a vote, and far fewer of all other classes

Feb 18, 2011 3:18 PM

yeah too bad Whitfield has NHL

Feb 18, 2011 3:24 PM

a watt is a unit of power...try to get the basic shit right or else don't talk in terms of science

Feb 18, 2011 3:43 PM

Fuckin Art of War LOL.

How many wars has china won again?

Feb 18, 2011 4:06 PM

again, the watt is a measure of power, not of energy.  So is the calorie per second.  Conversion of one unit to another does not change what the units are measuring.

The US in 2010 generated 4T kWh.

Feb 18, 2011 4:11 PM

I have good news and bad.

The good is that we have extensive power production capacity built atop NG and NG is in relative abundance at present.

The bad news is that our transportation runs on oil and that may become increasingly scarce. 

Even in collapse, Baghdad, Argentina, etc., the lights do tend to stay on and the heat and water still flow.  There is no madmax outcome.  Driving around frivolously will become the endangered activity.

Go visit some 3rd world cities...they have electricity and cable and even internet but nobody is driving across the street for groceries like we do

Feb 18, 2011 4:11 PM

you're freakin delusional dude

Feb 18, 2011 4:16 PM

u stoned?  Peak forests was achieved long ago.  We are capable now of cutting them down far faster than they grow back.

As for nuclear, we need thousands of plants.  Nuclear is already 20% of generation capacity.  Coal is most of the rest.  A bit is NG and a smaller fraction is hydro.

Feb 18, 2011 4:23 PM

good thing we have cities loaded with africans, huh?  Should be real entertaining

Feb 18, 2011 4:26 PM

i prefer natural ones from conflict regions, because nuthing poolishes a doymuhnd like the blood of a bleck man

Feb 18, 2011 4:34 PM

yet oddly enough all power generation is measured in essentially joules, because instantaneous power is relatively useless.  Even a 1.21 gigawatt lightning bolt doesn't sustain it for very long.  Only long enough to launch one deLorean

Feb 18, 2011 4:47 PM

awsumz...we'll just plug in our crops and hope the sun stays up 24/7

Feb 18, 2011 4:49 PM

wtf is wrong with eugenics?  Why should we condemn the cretins to a future of starvation?  Likewise, humanity as an institution, cannot afford to have itself breeded back into the stone ages by cretins.

genocide of inferior populations is in fact an evolutionary MANDATE

Feb 18, 2012 11:00 PM

Was that the thread where all the guys encouraged everyone to get off the grid using shit built on the grid?

Yeah, was hilarious...my expectations of the ability of ZHeeple to grasp the irony without my having to spell it out in blunt language for you all were not met

Feb 18, 2012 11:00 PM

I don't know how a rational person could POSSIBLY infer that from what I just said...

Feb 18, 2012 11:55 AM

the larger powers would have used military options against them had they refused.

Feb 18, 2012 11:57 AM

you are a fuckin idiot

Feb 18, 2012 11:59 AM

yeah, his "$60 by next week" call was a bit out there.

So was his "Hyperinflation IMMINENT" and "silver will reach a price of 10x that of gold"...just total insanity.  Thanks for sounding the alarm responsibly on this type of ridiculous hyperbole from pumpers.

Feb 18, 2012 3:12 PM

Fuck Abe Foxman and fuck the ADL

Feb 18, 2012 3:14 PM

"Millions" of christians?  What a fucking total CROCK of unmitigated BULLSHIT.

Fuck you, GW, you officially jumped the shark

Feb 18, 2012 3:16 PM

merkelreich bitchez

Feb 18, 2012 3:18 PM

fuck you, CHS, if you didn't lend THEY SUED YOU FOR REDLINING...all because you wouldn't lend to people who WEREN'T going to pay back!  And when they DON'T pay back they blame the lender again!

Fuck this I'm a victim shit

Feb 18, 2012 3:54 PM

Greece needs to be just cut loose

Feb 18, 2012 3:55 PM

sorry for what?

Feb 18, 2012 3:56 PM

enough of this stupid shit.

The greeks would have taken the money, spent it and then played like they were the victim while they lounged in cafes all day

Feb 18, 2012 3:58 PM

huh?  The dark ages weren't as bad as you think they were

Feb 18, 2012 4:02 PM

hell, it just rained a mil in gold on some frenchies renovating a building the other day.

Imagine how much worse it will be for silverbugz who would need a fucking crane to move enough silver to buy a nice car with.

Feb 18, 2012 4:05 PM

they will inevitably put more black people in jail and be called rayciss, just like the photo radar and red light cameras.

Feb 19, 2010 11:23 PM

CD, I can't agree with this.

Prior to the sov CDS trade, speculators who wanted to attack a country would have to make levered forex bets where they could get decapitated by CB intervention.

CDS *does* allow speculative attack on institutions and sovereigns.  JFC, GS does and did this shit to LEH, AIG, anyone in their crosshairs.  There are too many swaps interrelating CDSs with hedges on bonds, etc., that are moving the markets.

Christ, we have massive naked positions by banks like JPM on gold that people complain all the time are manipulating a deep and liquid market yet in this case, it's all Greece?

Sure, Greece is insolvent, we all are.  These spreads are surely a reflection of that.  But if we can't see the hand of the vampire speculators on this when they were all over major bankruptcies in 2008, then we aren't paying attention.

Don't call swaps speculators "truth tellers," because you're saying Goldman and its ilk are telling the truth and they are the biggest liars in the room.

Feb 19, 2010 11:28 PM

Yeah good luck with that Asian empire when the only way you can have an economy is not indigenous innovation, but IP theft and a currency ponzi full of empty cities and bad loans.

Asia is not going to be an empire; they aren't and never were an energy exporter

Feb 19, 2010 11:42 PM

Agree a lot...but what's happened is not a matter of gov'ts causing it, gov't growth is a symptom, not a cause.

Western economics rode an energy supply curve that has peaked and inflected; it's as simple as that.  The economy is not running on sustainable production, it's running on BS and fumes.

Activity in the abstract is simply not that "economical" any longer.  There is no way things can be maintained...growth is at an end and all systems, including ponzi governments, that depend upon it are now collapsing.

This, at its end, will be the end of debt money.  Maybe it'll take 20 years but there is no future for debt as money or debt as an institution, until a new growable energy supply is discovered (if).

Our predicament is like a star that has used up all its high EROI fuel and has proceeded down the chain of lower and lower EROI sources of sustaining itself.  We're approaching iron on the table now, where we hit 1:1.

The economists *assumed* that growth would be perpetual; there was never any discussion of the possibility of contraction or the impossibility of further growth.  This is highly odd given that we live in a finite system called "earth."  Everything we've had, for 4 or 500 years has been built upon an expectation of a future of more; well, we hit the end of that road here so every single assumption that people have been born under, taught, lived with, grown old with, for generations, is at an end.

It's in many ways an existential crisis for how we DO things.

Feb 19, 2010 9:21 AM

Yeah...debt deflation against rising borrowing by the government and rising service costs actually makes "dollars" more scarce because the only way to get them is to borrow more.

If the USG cannot fund with real money, the only source is to have the Fed buy the issues.  But it's still a loan...they just have to pay the Fed back by taxing someone else's dollars or else borrowing someone else's dollars to do it.

The debtmoney system makes these paradoxical conditions of bankruptcy plus rising currency possible.

Feb 19, 2011 1:06 AM

they're going to die anyway.

Look around this board, there are people building bunkers and salivating for madmax.

If there is a material decline in oil supply, this means starvation.  Who is having food riots?  The 3rd world.  Who is starving?  The 3rd world.  Christ, wake up.

Cretins should not be executed; they should merely not reproduce.  There is no point in condemning more billions to starvation and disease.  I am actually significantly MORE compassionate and humane in making this recommendation.

A new Manhattan Project will not be led by cretins nor helped by diversity.

Let me put this out as a thought experiment...would you bleeding hearts actually be in FAVOR of people with inadequate ability to feed themselves having additional offspring which will also starve?  What is the ethical thing to do?  As soon as you suggest sterilization, they call you a nazi...so what is YOUR solution?  Let the little bastards get eaten by flies, huh?  Or that famous pulitzer pic where the dying baby was getting eyeballed by a nearby vulture?

Feb 19, 2011 1:14 AM

so you hate every republican but love all the democrats?

that is because you people are idiots, simply put.

Feb 19, 2011 12:19 AM

who cares?  It's the LAW.  Nobody follows that anymore, certainly not the lawmakers or law enforcers.

What this bill is intended to try to prevent is easy fencing of stolen PMs.  It won't.  The black market will circumvent this easily.

I mean, why doesn't WA just ban cocaine, meth, and marijuana?  Because there are a hell of a lot of transactions in those items daily there.

We are becoming a lawless society simply because our laws are so incredibly numerous and stupid.  People are just saying fuckit.

Feb 19, 2011 12:19 PM

boo hoo, poor jooz...always the victims

Feb 19, 2011 12:31 AM

no, man, I just laughed at it.

crops don't grow on electricity; we eat oil these days.  There are a couple bajillion TOD threads on solar PV and solar thermal.  Don't assume you have revolutionary epiphanies for everyone here with your "the sun shines" stuff, ok?

Feb 19, 2011 12:33 AM

you missed your chance to use the word "insolation".  Never miss an opportunity to use a high-dollar word and make the people reading you feel stupid

Feb 19, 2011 12:36 AM

the people who discuss transition to renewables or other energy sources once they stipulate to peak oil seem to forget that the constituents of these new technologies also have peak supply issues.

Uranium and thorium will eventually peak.  Rare earths needed for PVs will eventually peak.

There is no way around the growth problem.  We must FIRST address that before even trying to figure out the sustainability question for post-growth.

Feb 19, 2011 12:42 AM

wow...just fucking...wow.

Dipshit, are you or are you not aware that US oil production DID actually peak 40 years ago?

Does it stand to you to reason that as landmasses such as the US sequentially peak in turn around the earth that we may run out of surface area at some point?  Are you clueless enough not to know that over 54 of the top 65 oil producing nations have already hit peak production and are in decline?  Mexico in 2004.  USSR in 1989.  UK in 2000.  Indonesia in 2000...the list goes ON and ON.

Oil peaked in the US.  It has peaked in other countries.  Sooner or later, it will peak in ALL countries.  Then what?

As far as "running out" of oil, if you are too stupid to understand the difference between a peak in supply and a reserves number of 0, then don't fucking deign to SPEAK on this topic, ok?

Feb 19, 2011 12:43 PM

how about just forming a gang, buying a smelter (equivalent to cutting gear or methlab or grow bulbs, business capital equipment), and just melting the stolen gold down?

At that point, you can put a front mexican onto it with bogus docu's and fence the shit.

I mean, JFC you can score schedule 3 drugs off the internet, wtf is WA smoking that they think this will work?  I'm inclined to suspect a lobbying effort by brick and mortar shops who are losing access to this market.

Feb 19, 2011 12:45 AM

so you are really so stupid you can't read eh?

I was not advocating nuclear power as a mitigation.  Nuclear will come anyway, but uranium and thorium will also peak.

Feb 19, 2011 12:48 AM

damn you are just...dumb.

Where will the oil come from, Mars?  the vast majority of oil-producers are in decline, moron.

Idiots like you simply can't grasp real world issues, can you?  You think hunger causes a sandwich

Feb 19, 2011 12:50 AM

STFU retard...is it not "advice" where you come from?

Feb 19, 2011 12:56 AM

no...genocide.

Superior species like cro magnon displaced neandarthal.  There are many evolutionary dead ends where inferior species were completely displaced over time by superior ones.

Are there any dinosaurs left?  Inferior species must give way to superior ones; it's as simple as that.  We should not cry when populations with IQs averaging 70 are displaced by those averaging 100...this is simply the natural order of things.

Now, of course, you people here know that I am fucking with your brains because you cannot dispute anything I say on logical grounds, yet what I am saying still seems just so very wrong to you.  That is an artifact of psychological conditioning.  IOW, you've been brainwashed.

Much of what people cling to as self-evident truth is in fact complete bullshit.  Mother nature is brutally cold and doesn't give a shit if every injun and african dies anymore than she cared when the entire dinosaur population was wiped out or the precambrian extinction eliminated 90% of species.  The natural order of things will not be abeyed indefinitely.

Oh, and I have several girlfriends

Feb 19, 2011 4:54 PM

lol...what are they gonna do, round up all the jewelry in the country?

Feb 19, 2011 4:59 PM

they can't pay $200 for something valued at $2000...5th Amendment.

It would get tied up in court immediately and stay there.  Even Obamacare is stayed pending appeal

Feb 19, 2012 1:12 PM

the CNY is the FUTURE LOL

so much for all those yuan reserve currency morons....

Feb 19, 2012 1:16 PM

yeah, citi has 3.5mbpd coming from fucking shale in ND?  What kind of insane shit is that?

US oil production is rising again?  Like it did after Prudhoe, right?  what happened after that?

Feb 19, 2012 1:25 PM

persian invasion and conquest of india predates chess...it is wholly irrelevant to call the game indigenous to persia or india after the persians and then greeks under Alexander invaded and conquered india.

Feb 19, 2012 11:59 AM

Iran has no choice but to attack.  Embargoes like this are recognized acts of war.

We're going to do a pearl harbor on them, strangle them until they throw the first punch and we can claim we are the victims.

Feb 19, 2012 12:00 PM

the persians imposed the caste system and were the rulership class in india, especially punjab

Feb 19, 2012 12:03 PM

persian invasion is why india is like india, why varna is what it is, etc.

Feb 19, 2012 12:04 PM

we already have neofeudalism...it is called strong socialism.

It enshrines a political class and their offspring in positions of power.  Even Ron Paul's kid is in Congress.

Feb 19, 2012 12:05 AM

genocide?  What?  WTF are you blathering about

Feb 19, 2012 12:07 AM

vaccinating africans will merely lead to mass starvation of them later.  they will not feed themselves nor can hold together a civilization.  Only western food aid and the remnants of the gifts of colonization sustain africa at present

Feb 19, 2012 12:07 AM

he wants to backpat blacks again for the rights whites fought so they could have?

Feb 19, 2012 12:09 AM

wth...1 oz Au is pretty trivial

Feb 19, 2012 12:10 AM

the fuckin yuan is pegged to the dollar...the yen was pegged to the dollar for the better part of last year as well

Feb 19, 2012 12:10 PM

I think the verbosity on explaining why being owed money by a sovereign affords NO "recovery" protection is absurd.  Between Durden and the other analysis, how many words can they waste?

SO WHAT if the ECB "crams" anyone down?  The yesteryear outcome was that the sovereign just told you to GFY.  There is no court to which you can go to get a sheriff to repo a car from a sovereign.

If Greece defaults, news flash:  you own their debt, you don't get paid. 

Feb 19, 2012 12:12 AM

typos? It's idiotic.

ANYONE who thinks the yuan is a reserve currency is a moron.  The nation of china is of negative profitability with trillions in bad loans.  The yuan is backed by empty cities, polluting plants producing plastic shit, a pathetic high speed rail system that crashed and went out of service, and the corruption of the CCP.

Who the HELL would want to hold this piece of shit currency?  China prints it by the assload.

Feb 19, 2012 12:30 AM

huh?  You think?

They have very complex evacuation plans and the means to achieve them lol.  Tons of personnel whose sole job is to protect these guys no matter what and not ask questions.

Feb 19, 2012 12:39 AM

jeezus you're an idiot.

Feb 19, 2012 12:40 AM

this is absurdly wrong on so many levels

do you idiots think that they built ALL THESE reactors for plutonium when they needed just a FEW for it? 

Feb 19, 2012 12:50 AM

you have clearly lost your mind

Feb 19, 2012 8:45 PM

Sproutt is just trying to drum up more hysteria to chase more gullible silverbug lemmings into his PSLV fund so he can harvest them.  Silverbugz are like minks on a farm, Sproutt is going to make you into a coat

Feb 19, 2012 9:05 PM

so are they all, all honorable men

Feb 19, 2012 9:05 PM

that Target predictive data analysis is cool...no wonder WMT and they are able to make so much from an integrated store model.  They in many cases can tell what you'll need to buy before you do it.  Funny how they knew a guy's highschool age daughter was pregnant before he did.

Feb 19, 2012 9:09 PM

is this guy an idiot?  Without Busch debt we'd be in the black?  ORLY?

Someone obviously can't do basic math....

Feb 19, 2012 9:10 PM

wtf...Jezebel believed in Peak Oil, too?!?!?!

Feb 19, 2012 9:10 PM

gotta ask:  in what specific ways were the presidents before and after him any better or even any different?

Feb 19, 2012 9:14 PM

and Busch did nothing different from the guy before him.

Everyone seems to have forgot the Bosnia/Kosovo wars as well. 

Clitton was known as the wiretap President before Busch and Patriot and before Bama and NDAA (etc.).  Clitton had financial deregulation, GLB, a housing bubble, a stock bubble, all the same things as the guy who followed him.

None of the governments across the country could seem to increase their spending fast enough to keep up with those sudden phantom tax revenues that came in.  It was an explosion at all levels.

There is NO DIFFERENCE whatsoever between the last 3 or 4 Presidents the US has had, probably 5.  I think Crater was the last one who was materially different; at least he used to be honest.

Feb 19, 2012 9:16 PM

nothing's too good for federal employees, especially police

Feb 19, 2012 9:16 PM

Bernays was the spin inventor...father of it, cousin to the marxists

Feb 19, 2012 9:19 PM

ah...if life could only be so well-scripted

Feb 19, 2012 9:27 PM

how the fuck is that relevant?  The ME was fucked up and WE DIDN'T CARE.  Nor should we.

Feb 19, 2012 9:29 PM

how is any of this our problem?

Let the desert jockeys all fight it out amongst each other.  If the joos win or lose, who cares?

Feb 19, 2012 9:34 PM

may I suggest you look up Export Land Model, IDIOT?

Feb 19, 2012 9:35 PM

says Cliff "No, I am NOT smarter than a 5th grader" Mosely-Claven?

BWAHAHAHAHAHAHAHAHA

Feb 19, 2012 9:36 PM

uh, no they couldn't just get a nuke from the USSR.

Feb 2, 2010 12:56 PM

No shit?

I typed Busch because I believe that sums him up appropriately, low rent beer, NASCAR, all of the connotations

Feb 2, 2010 3:56 PM

This is just a looting scheme.

We don't NEED more roads and more power lines in a past-peak oil world.  We need decentralized production.

Wall street and the .gov will steal each and every dollar that they can

Feb 2, 2010 9:09 AM

ROTFL...

You're delusional if you think there will be any physical to be had after "the shorting is done"

I love how all the dollarbugs have this fantasy of getting out of the FRN "at the top" and then moving their entire fortune over to gold and oil "at the bottom." 

Feb 2, 2010 9:10 AM

There are not 365.24218967 weeks in a year

Feb 2, 2010 9:24 AM

the DXY made a move from 74 to 80 and gold dropped about $100...yawn.  So much for the crash.

Gold is past-peak, supply is declining.  For those who don't believe in Peak, check helium which hit peak supply in 2002 (even Douchinger accepts this because he's a diver).  Declining supply backstops price.

Paper is what is facing the crisis, especially debt paper.  The future is declining oil, declining gold, declining helium, declining god knows what else.  It's a future of contraction.  Not gonna be the real production to pay the interest on these notes.  Therefore, paper must be discounted.

Feb 2, 2011 12:08 AM

does nobody recognize this power series?  disappointed...

Feb 2, 2011 2:04 AM

bullshit.

we were a net exporter till 1970 whereupon we "let" our economy essentially collapse in order to use up others' resources first?!?!

The price of oil is set by the amount of slack capacity in the production base.  OPEC has been flat out for years

Feb 2, 2011 2:06 AM

Canada is more than self-sufficient for energy, and Brazil still is too if you like a little better weather and some cultural and culinary verve

Feb 2, 2011 2:08 AM

hope your doomstead can survive fire or A10 cannon

Feb 2, 2011 2:17 AM

Alaskan, Bakken, and Califorina coast oil would mitigate that considerably

Not even close.  We import fuckin 14mbpd, dude...learn your data and stop the fantasies

Feb 2, 2011 2:19 AM

You can take my suv when you pry the steering wheel from my cold, dead hands

And that right quickly, God willing

Feb 2, 2011 2:22 AM

Dunno how you kept your cool in the face of such idiocy, man.

WHY HAST THOU DELIVERED US INTO THE HANDS OF THE PHILISTINES

Feb 2, 2011 2:27 AM

Smart people are going to have to do an absolute assload of killing and they are going to have to go BNW on the future.  If you're one of the smart, you are going to have to embrace everything you were taught was wrong, eugenics, anti-diversity, basically racism, totalitarianism, and a host of other things if you conclude that the end of the oil age is the end of energy growth.  If fusion is around the corner, then you can hunker down for 10, 20, 30 years

You say the quality of understanding has gone up; I disagree.  The same BS is being said over and over again by a new crop of idiots.  The same old enlightened few are here.

Feb 2, 2011 2:29 AM

in the brave new world, idiots like you will be prevented from reproducing.  Our species can no longer afford such indulgences.

Feb 2, 2011 2:33 AM

Please explain the spike in 2008 oil prices using any one of your three explanations

Glad you asked.

Here goes.  C&C peaked in 2005.  During the boom of 2006-07, global consumption was exceeding global production.  This caused a rise in price and began to eat into inventories.  Even with the late 07 onset of the collapse, the structural issues in oil had not been resolved.  They were only resolved much later in 08 by a collapse in demand.

When slack capacity declines and goes negative and inventories get drawn down, you see serious price increases.  It's basic supply and demand

Feb 2, 2011 2:41 AM

Long geiger counters

seriously, though, I been meanin to pick one up.

Feb 2, 2011 2:47 AM

WHAT oil company?

If there were abundant oil down there, SOMEBODY would form a new oil company and go fucking produce it!!!

So you mean to have me believe that the REASON Petrobras is drilling in 2 miles of water then 3 miles of rock under a subsurface salt formation at the Carioca find is because, what, they are fucking masochists?

You and your "friend" are both goddamned idiots.  I, too, know an engineer in the business, a pipeline guy with 30 or so years of experience, a dude with an IQ near S-B ceiling.  And he claims that the tarsands could satisfy US demand for 80 years!  And I am forced to retort that NO reserve in the world and no COUNTRY full of reserves has ever even APPROACHED 18mbpd!

So if a guy that smart with that much experience can be THAT fuckin wrong, what am I to make of you and your "friend" other than the same conclusion?

Feb 2, 2011 2:54 AM

You are smarter than this, man.

Oil demand was growing what, 3% YoY?  With a nod to ole Al Bartlett, that means we have to DOUBLE our production base in the next 24 years.  This is very simple, unexceptional mathematical fact.

"Plenty of oil" in the form of unproducible reserves is meaningless.  I got news- there's TONS of hydrocarbons on Titan.  Functionally infinite reserves, the whole muffuggin atmosphere of the planet is chock full of methane.  What is our EXPECTED production rate on these reserves?  this is an easy question to answer.

If anyone here is incapable of understanding growth compounding, then simply shut the fuck up about this topic.  Please, do the world a favor and just watch Barlett's exponential growth lecture series, please.  After watching that you should immediately realize how futily stupid the ignorance of real-world headroom is!

Oil production has peaked or will peak; this is INEVITABLE.  Production CANNOT grow to INFINITY.

Feb 2, 2011 3:03 AM

it's about gd'd time it was unbanned...

seriously; there are things we can do to mitigate the oil peak.  It does not have to be a spectacular collapse involving world wars.

But, if we steam ahead with SUV McMansion Exurbia culture, we surely will not see the necessity to do fuckall about it.

I'm not going to get into your cornucopian hemp numbers, but there certainly are things which can help.

For example, why the fuck don't we have a gasoline fuel cell yet?  Why are cars not powered by constant-velocity diesel or microturbine powertrains with individual electric on the wheels?  Fkin locomotives are.  Ships do it.  Why aren't engines doing photocombustion?

Oh, got it; these things are scientific initiatives and we can't do that because science is bad on account of too many white people and asians and not enough of the right diversity.  All scientific organizations are in a "crisis" because of lack of blacks, therefore lower standards, cut funding, devote it to war and welfare.

Could we even go to the fuckin moon again?  I mean, think about it, chartering an organization today to do that, all the EEOC shit you'd have to account for, the need for the right color balance, having to bend standards and empower the civil rights favored.  How would such a thing be possible?

As a society, we labor in a suicidal delusion and I wonder when the hell we are ever gonna wake up.

Feb 2, 2011 3:07 AM

In addition, Export Land Model is a concept around the fringes of PO that most in the PO know don't bother getting to.  It adds a whole new level of fright and is why I predicted world war within 10-15 back around 4 or 5 yrs ago.

The average time from peak to importer is roughly 6 years.  Britain, Indonesia...Mexico may as well begin composing epitaphs.

Feb 2, 2011 3:11 AM

hell, I may light RNR's doomstead ablaze myself just for spite.  May not need the T101 for that.  Just some gasoline and a match.

To anyone who owns a doomstead and thinks themselves prep'd- did you invest in major firefighting equipment?

Maybe he meant he has an asbestos fridge box, so forget I said anything...

Feb 2, 2011 3:15 AM

wiki has a nice little page on oil consumption per capita.
Go and look where we are on that list.
Look at who else is near us.

Then look toward the bottom. You should see an immediate correlation.

This cannot be solved by resort to a different expendable resource.

Feb 2, 2011 3:17 AM

Titon huh?  Is that like what chicks get when they're cold or something?

I notice your link shows a vast methane reserve on a moon of Saturn.  I wonder what our expected production rate from those reserves would be.

Feb 2, 2011 9:24 AM

it's absolutely useless to talk to you people, isn't it?

You haven't a mfin clue about oil production yet you constantly tout the SAME SHIT over and over again.

There isn't 14mbpd worth of production in either of those resources, not even 1.4mbpd.  I mean, the most important discovery in FORTY years and right there in the text, they say 40kbpd.  That's 40,000 bbl/day.  Do you even grasp how minute a resource that is?

And later in the article, this guy talks about production falling from 1991 onward and muses that maybe the US had reached peak oil.  He's fucking 21 years TOO LATE.  The US's production peaked in 1970.  This is a researchable, easily-confirmed FACT.

If your moron writer cannot even get THAT right, well then wtf?  HE doesn't believe the US peaked...it's just nonsense.

Listen, just for felonious crimes against the truth, you should STFU

Feb 2, 2011 9:26 AM

Quick question- are you a freaking idiot?

You haven't researched the topic yet you feel that you are justified stating an opinion about it?  From your "gut" no less?

LOL.

If Peak oil is BS, then oil production has no limit and will grow forever to infinity.  Tell your gut to STFU as I am telling you to.

Feb 2, 2011 9:43 AM

I honestly don't give a shit if there are opinions that peak oil isn't real.  There are opinions that Relativity is wrong and that Evolution is wrong.  The thing is that these idiotic opinions shouldn't be taken seriously.

You are on the side of the idiots.  I have explained what the oil peak means in a factual sense to you and you refused to listen, so we're left with swearing.

For you to claim I do not know better than you exposes you as a complete fool.  Downing Effect writ large.

Peak oil is NOT subject to opinion or a matter of opinion.  Peak oil HAPPENS to every well, every field, every geographic region of fields we call nations and to the geographic collection of nations we call the earth.  To deduce this by simple inductive logic is elementary, but clearly beyond your grasp.

Only people who do not understand what Peak Oil IS can claim it is not already decided.  Peak oil is when a well/field/nation/globe achieves its maximum rate of production and then production goes into decline.

ANYONE who claims that this doesn't exist should ask themselves why we need more than one oil well on the planet.  Why didn't we just grow the original fields' production to 84mbpd?  Why are any fields ever abandoned?  Why are Brent and North Forties considered dead?

I already know that you cannot answer any of these questions and find it astonishing that, given that, you could actually still claim equivalent expertise and knowledge to mine.  It's so utterly fucking absurd as to make me laugh aloud.

Feb 2, 2011 9:55 AM

You preach the faith of the diversity cult, man.  Rail on, dude.

Let's cripple every organization we have with diversity mandates.  Fuck merit.  Merit doesn't sit well with people like you because merit ends up looking the wrong way.

Diversity and civil rights built around them are a cancer.  Every organization is forced to carry DEAD WEIGHT to satisfy the mandates of diversity; that is a fact.  It is a parasitic drag by parasites.  Then they are forced to promote dead weight so it can gangrene entire divisions.

Do you want links to the discussion of NASA's lack of black scientists framed as a "crisis"?  The DWLs like you will run that organization to its death trying to remain wilfully oblivious of the reality of the world.

We couldn't have another Apollo program as idiots like you would shut it down for being obviously both sexist and racist or else cripple it with meritless rainbow coalition acolytes in positions of decisionmaking significance.

Diversity is a silly fucking fetish.

Feb 2, 2012 10:27 AM

these guys really are desert nomad war tribe...jfc, all they can conceive is this old testament either part of the Nation or else ENEMY to be utterly annihilated.

Feb 2, 2012 10:29 AM

let Germany sow the seeds for the destruction of the usury system as they force austerity on the periphery of Europe.

Feb 2, 2012 10:31 AM

you may want to take a look at modern Russia and you will see that Putin heads an interest group that is antithetical to the originators of the USSR.  Russia is self-funded at this point.  The oligarch parasites who had taken over the country in collapse (same as Weimar) were run out and forced to flee with their 2nd passports.

Feb 2, 2012 10:34 AM

nothing is, bitchez.

Feb 2, 2012 10:36 AM

this is nonsense...Greece won't be fixed by going to a different monetary system.

And the problem is Greece doesn't WANT to sell its assets.  Nor does it want to work.  It wants to be a perpetual welfare ward of the north, sipping espressos and shit in cafes during the middle of the day in leisure.

Feb 2, 2012 10:39 AM

why the hell do you people act like the greeks, who fucking have been sloths for a decade, are somehow the heros in all this shit?

They have borrowed tons of money and wasted it...they are a DEADBEAT State.

If they try to fuck Germany and France, Germany and France should fuck them back.  The Greek gov't borrowed all that debt and the people CHEERLED and benefited from it.

Feb 2, 2012 10:42 AM

the former.

The greeks have no innate capacity to get out of the misery...this coming hyperinflation is just one of several they've already been through.  This is what they do.  If they want something different, having the Germans manage them in debt servitude is one option.  The Germans will not work them like Foxxconn but it isn't going to be a lazy lifestyle of midday naps and coffee shops like they have convinced themselves they are entitled to.

Feb 2, 2012 11:26 PM

German wealth is based upon repayment by all these deadbeat countries.

Feb 2, 2012 9:21 AM

why are greek talks so difficult?  Greece is going to default...it's as simple as that.  They cannot and will not pay.  They're fucking greeks.

Feb 20, 2011 12:14 PM

jews are persecuted...WHERE??

Jews have never had it better than in the here and now, anywhere, anytime.  The notion that they are still persecuted by anybody is utter, self-serving, paranoid horseshit

Feb 20, 2011 5:34 PM

I could do without calling Bernanke "Chair Satan" and the like, it strikes me as ad hominum and most Jews would instantly react to this as flowing from the centuries long tradition of Jew bashing. Same with the Benjamin Shalom Bernanke repeated endlessly. Same with "Chair Creature."

then, to be blunt, most jews are fucking stupid.  You see antisemitism everywhere because you are apparently collectively paranoid.  You're not the only tribe or clan or nationality to suffer a genocide.  Get over yourselves.

Feb 20, 2011 5:41 PM

another "jew confetti" moment?

Feb 20, 2012 11:08 PM

uh...the guy is not actually Paul Krugman

Feb 20, 2012 11:48 AM

LOL...no cop I have ever been pulled over by gave a shit that there was a white person in the car.

If a passenger stuck his head out the window, the cops would say shut the fuck up and keep your hands where I can see them.

As for all this white privilege, yes, white DNA is a privilege.  It typically means you are less prone to committing crimes and therefore the racist red light cameras won't catch you breaking the law as frequently.

The cops stop asian people even less frequently than they do whites.  So much for white privilege.  It appears that the cops stop people according to how statistically frequently people from that demographic group commit crime.

They stop men probably 50x as frequently as women...but in the SAME breath as we hear there is white privilege (because whites are stopped less) we will hear that there is male privilege despite this piece of "evidence" for the thesis being diametrically opposite!

Feb 20, 2012 11:54 PM

it'll be like those gov't shutdown budget deals that Dole and Gingrinch ironed out with clitton only to hear Al gore on the radio on during their drive back up Penn denying the whole thing.

Greece will reneg on a deal as soon as they agree to one...they are GREEKS.  They are NOT in the business of honesty or trying to actually work.

Feb 20, 2012 3:26 AM

the oligarchs *I* support? WTF are you smoking, man?

Feb 20, 2012 3:28 AM

cease immigration.  End of problem.  Enforce law.

When white backlash comes, it is going to be very ugly for everyone in the way.  White people, unlike muslims and joos and all the other agitators, really do know how to kill.

Feb 20, 2012 3:29 AM

is there ANYTHING you just said that I haven't explained in great detail 1000 times already?

Do you honestly think I was asking you for an explanation as to why we will inevitably invade Iran?

The post I responded to wasn't about Iran, it was about Israel.

Feb 20, 2012 3:30 AM

uh, you didn't respond to what he WAS saying.  Your entire post is a non sequitur, so STFU

Feb 20, 2012 3:39 AM

COMEX defaulted?  ROTFL...oh really???  HAHAHAHAHA...no it didn't.

I'm sure now you will regale us with how it "really" defaulted in YOUR opinion which isn't worth the shit from the ass of a broke-dick dog.

RNR is a dick, but he beats you like a fuckin drum.

Feb 20, 2012 3:43 AM

"Hey Tmosely, because you don't understand peak oil and you think we live in a utopia, you are to blame for whatever goes wrong in the world from now on because in your heart you want thumanity to not overcome the obsticles. You want to fail. You are the pessamist. You worship death. You are the demon."

There's a word for what just happened here, Mr. Hendrix; it's called "epiphany."  welcome to a greater understanding.

Cliff is transparent when you understand what you are looking at.

Feb 20, 2012 3:46 AM

....which is why Stalinist fascism lasted what, fucking FIFTY YEARS?

Shut the FUCK UP, Cliff

Feb 20, 2012 3:56 AM

don't flatter yourself, cliff.

You really ARE a dipshit.  You argue with REAL scientists who are in the energy profession, right here on ZH.  You don't know who they are and you are too stupid to figure out the subtle jibes they put at you because the shit flies over your fucking head.

There is no blood feud between us.  I have NO respect for you, got it?  You are a worthless person, a liar, a fraud...I see right through you.  Do you not get that yet?  I toy with you when others just ignore you because I get a kick out of abusing you as much as you like being abused.

There was no debate between you and LH.  There was his posting of facts and conclusions and your response with the SAME OLD BULLSHIT as every other time.  You don't even know how space elevators would generate energy, the fucking earth's rotation?  LOL.  Not even CLOSE.  Movement through a magnetic field, dipshit.  Basic science.  Nevermind that space elevator is a misnomer, wtfever.  Get the EASY shit right for ONCE, you worthless miserable fuck.

LH bowed out because he realized as I have that there is no point in even attempting to "debate" anything with you because you are impervious to the facts.  So he just mocks you, as I do.  But, earlier, in a moment of clarity, he achieved a point of recognition about you that people simply cannot be led to, they must discover on their own.  And for that I applaud him.  He saw through you.  Having done that, it is inevitable that he will never again put any weight in what you say, won't respect you, will not regard you as even worth entertaining.

You should be used to this; don't pretend like it hasn't happened before.  Now, go on and bleat for me, I find you amusing.

Feb 20, 2012 3:58 AM

what, that you AREN'T smarter than a 5th grader? 

BWAHAHAHAHAHAHAHA

Bleat for me...go on.

Feb 20, 2012 4:01 AM

really?  Peak oil is "not certain," huh?

So in about 4 words, you assert (without realizing it) that oil production can grow forever?

GFD, they don't make morons like you anymore, do they?

Whether oil has peaked now or in 2005 or in the future is immaterial.  It will peak as an inevitable matter of what we smart people call basic mathematics and what people like you call incomprehensible voodoo.

At any rate, within the next doubling interval, oil production must climb 85mbpd against a backdrop of discoveries having peaked 50 years ago and demand growth outstripping production growth by 8:1.  Good luck with that shit.

Better get crackin on them "space elevators"

Feb 20, 2012 4:04 AM

it doesn't have batteries and get 10 less MPG, therefore YOU ARE A TERRIST

Feb 20, 2012 4:06 AM

I'd be hard pressed to believe you have a single friend period.

Feb 20, 2012 7:04 PM

damn there are some arsenals sitting at the bottom of lakes along with a lot of bullion

Feb 20, 2012 7:15 PM

lol that was fkin awesome

Feb 20, 2012 8:40 PM

treaties have to be ratified by supermajority

Feb 21, 2010 2:20 PM

gold is just a shiny thing that people like and which has been USED as money

Feb 21, 2011 4:26 PM

yeah but very little of the reserves are actually currently recoverable.

Feb 21, 2011 4:27 PM

just like Easter Island

Feb 21, 2012 1:54 PM

there was no real injun forest management.  Lightning and nature managed forests here, not injuns.  Injuns used fire predominantly to clear agricultural area, not manage forest health.

The dude who wrote the article seems to fail to understand that indian forest management using fire is from INDIANS, aka from INDIA, idiot.

Feb 21, 2012 2:03 PM

pour water out of a big jug.

Repeat except giving the water a spin.

You will now understand why tornados form.

Avalanches can be predicted; you misstate chaos theory.  It is impossible to predict even with infinite computation power as a function of Uncertainty.

Feb 21, 2012 2:07 PM

Rogue wave formation is another interesting scientific study.  These things self-organize then dissipate naturally.  The waves apparently borrow energy from adjacent waves then give it back.  No consolation when one sinks your ship mid-ocean.

Feb 21, 2012 2:09 PM

man has been imposing his will on nature since there've been men.  It's not a bad thing.

Zeitgeist evolves just like anything else.  I mean look around you...people unabashedly believe things which are utterly silly and demonstrably stupid.  They are unembarrassed by the things they DO NOT know and the fact that there are a lot of them.

Feb 21, 2012 2:11 PM

answer to OP:  just invent other phantom profits.  That's the good thing about phantoms, you can manufacture them for cheap.

Feb 21, 2012 2:17 PM

Magic Johnson???  LOL, another channel nobody will watch.

Another example of an artificial black middle class, they will subsidize people who don't get jobs in hollyweird because either they aren't particularly creative or they're not jewish or both.

Feb 21, 2012 2:39 PM

All I know is that platinum's temperature is on "apeshit"...congrats to everyone (me) who put on a convergence pair trade to gold

Feb 21, 2012 3:40 PM

bitch?

Feb 21, 2012 3:42 PM

this is all utter bullshit, bitchez

Feb 21, 2012 4:31 PM

the air leaks out if the tank is punctured...what did you think would happen?

compressed air as a kinetic energy reclamation mechanism isn't actually all that new

Feb 21, 2012 4:40 PM

you just committed sacrilege talking about using a fkin electric chainsaw...your man card is hereby revoked

Feb 21, 2012 4:47 PM

dude, ionic liquids and space elevators, ok?????//

YOU JUST WORSHIP BALE

Feb 21, 2012 4:48 PM

oh no you dint...

anybody who was studying inventories reports through '07 knew what was happening

Feb 21, 2012 4:51 PM

isn't it obvious?  You two have radically different definitions of the word "awash." 

Feb 21, 2012 4:52 PM

why should it?  Consumption falls with supply...gold is in supply decline as well.

Feb 21, 2012 4:53 PM

I want to personally thank you guys for conserving in your little POS econoboxes so I can burn your share of gasoline in my Phaeton

Feb 21, 2012 4:57 PM

with your 14 oz "pint" of ice cream?

Feb 21, 2012 9:58 PM

he's never been a particularly good actor...he's just a guy that looks like redford. 

Feb 22, 2010 1:01 PM

Pricing realities are different in other countries.

Be a good idea to go visit latin america and take a gander at fuel or merchandise prices.

The notion that prices "can't" go past a certain point or else people won't live with them...wtf are they gonna do, make Cantarell pump more?

The interest is eating the money supply; how long will that be endured before they force a devaluation?

They fear deflation because it is a MATHEMATICALLY self-reinforcing condition.  Credit *must* grow by at LEAST the prevailing rate of interest on the money itself.

This is very easy to demonstrate.  Suppose the prevailing funds rate is 5%.  At the end of the next year, someone must borrow (grow credit) at least another 5% or else the interest repayment comes out of the aggregate monetary base.

Credit growth has stopped.  But interest remains.

Feb 22, 2010 10:26 PM

Eh...we need to know the losses embedded in the FNRE portfolio to know what the true liabilities are.

I'd wager that there's another few hundred bil at least, maybe more like a trillion in losses sittin on the Fed's balance sheet, too.  Lord knows what they swapped FRNs for at TAF/TALF.

But the rule is, must...not...force...price...discovery.

That would be immediately fatal even though everyone in the room knows that the jig is up.

Feb 22, 2010 10:46 AM

Wrong

The rich gain from inflation...look at global wealth distribution.

This is because the rich can use the inflation availability to lever.

QE is not printing per se, it is the CB buying debt.  Again, the notes issued by the CB have debt tied to them.  Instead of lending to private citizens, they are lending to the gov't and creating dollars/yen/whatever that are still *lent* to someone.

Feb 22, 2010 10:54 AM

Japan hasn't realized the liquidity trap paradox, apparently.

Their cheap credit is going right into forex and ending up as investment ELSEWHERE.

Does everybody not yet get WHY that is?

It is because the RETURNS elsewhere are SUPERIOR, even including the forex drag.  Rates of interest in various economic regions reflect PROFITABILITY there.

Rates MUST roughly match the aggregate profitability of a region, otherwise loans cannot get done.

Japan simply IS NOT that economical as it is overcapacitied.  The QE is just keeping the government funded, any yen loans are not being deployed in Japan - why WOULD they be?

It's MUCH more profitable to take the yen, swap to reais and do business in Brazil.  Brazil CAN charge 10% for overnight money because Brazil is ASTOUNDINGLY more profitable in the aggregate as a growing economy with green-field development prospects, than is a mature economy like Japan.  Japan *cannot* effect a rate regime of 10 or even 5% because Japan as a climate is not even 5% ROI in the aggregate!

Rates MUST *follow* profitability.  If you want to start a business with a ROI of 5%, you cannot borrow at 6%.  It's really as simple as that.  This is why the QE and rate regimes are not causing credit inflation where desired; we already had our boom and now we have overcapacity or unprofitable activity compared to other areas.  It's useless to try to fight this, capital flows MUST NORMALIZE.

Feb 22, 2010 11:02 AM

You actually have to helicopter drop it.

IOW, you have to conduct unsterilized injections, IOW, brute force devaluation.  You have to introduce money not backed by debt.

Interest rates are like catalysts...but a mature economy with overcapacity is like a supersaturated liquid.  You cannot expect to get more solute dissolved into that as it's already well past saturation.

The deflationary spiral is when the solute starts to precipitate out.  We are trying to goose things to try to not just get a *little* more solute in but to exponentially grow it.

Think about this...it's sugar into a bucket of water.  Start small, keep the growth rate of sugar dissolution.  Don't grow the water by the same rate...at some point the solution saturates.  Beyond that you have ways to supersaturate it but they become increasingly difficult and precarious.  That's our economy.  We went beyond capacity saturation, debt saturation.  So the whole thing wants to revert to a different state but we're not letting it.  We're trying to not only maintain a saturated situation but pour exponentially more sugar in.

Feb 22, 2010 12:46 PM

Credit must be requested.

If the realities of the economy make that impracticable, then there is no way to reverse it.

It's not so much a matter of unwillingness to lend as it is unwillingness to borrow.  The interest component of debtmoney makes continuous credit growth at least by the prevailing interest rate ON the money mandatory or else the interest repayments will begin to cannibalize the monetary base.

This is a simple math problem.

The "solution" to the math is to make the repayment worth less dollars.  To devalue it.  Basically you just say this debt is worth less now and you heli unsterilized currency.

You CANNOT change the economicalness of a business climate or region with inflation.  Cannot be done.  Money cannot make water flow uphill using less energy than it gives back flowing downhill.

Feb 22, 2010 12:49 PM

No; I cannot agree with this at all.

What we need to do is forgive the debts.  We have to default.

We *cannot* permit accounting ledgers saying "this debt is owed" to destroy our entire monetary base.  Without money of some kind, our economy will collapse into barter.

Mark my words: if we let deflation run its course, people will begin using Euros or CAD for transaction needs.

Deflation will run its course to a ZERO monetary base; that is what the spiral concludes at.  There is more owed than can be borrowed by somebody else...plus interest.

Feb 22, 2010 2:31 PM

The banksters' conceptualization and that of the money system is that the real economy serves them, not the other way around.

Their money is supposed to make money off of your doing something.  The idiots in the supply-side credit Fed must have believed that there were tons of people out in the real economy just chafing at the bit to go deeper into debt when the reality that anyone could see was that they were at saturation.

But, the Fed's job is to save its member banks and banking system even at the expense of every aspect of the real economy.  Bankers celebrate their own indispensibility on a rather frequent basis; "credit is the lifeblood of an economy."  Not production or energy, mind you...credit.  That's what makes the sun come up.

The banksters were "supposed" to use this cheap money to lever up and DO something.  The problem is that even at 0%, there is nothing economical TO do.  So, they sit on it.  The failure to lend and to borrow seems to be operative proof of my thesis that real economic activity is of negative profitability in the aggregate now.  If you can't turn a profit at 0%, then you're freakin done.

Feb 22, 2010 3:16 PM

Then the currency and everything is going to implode.

There is no way to stop a deflationary spiral except brute force devaluation.

A hard USD/oil peg could not be maintained.  And, as oil production is declining worldwide, you have deflation built into a creditmoney system that is NOT based upon a commodity.

How would you reconcile a commodity peg on oil with the entire REST of the monetary base being debt-based?  We're going to run out and pay off our debts with oil now, plus interest?

 

Feb 22, 2010 5:26 PM

You got it

+1000

Feb 22, 2011 12:13 PM

61B in "cuts" is not fiscal restraint.

Fiscal restraint in the sense that these people mean it is absurd.

The issue is really the amount of illegitimate debt out there, which cannot ever be repaid.  These states that are now renegotiating their pensions and salaries- how much is their yearly DEBT payment, and how much money did they squander over decades rather than set aside for pension obligations?  In every case, we will find sovereigns that are in debt to their eyeballs and who underfunded pensions, preferring instead to route the cash to cronies and themselves

Feb 22, 2011 12:25 PM

this is just a window into why the French Revolution was so indiscriminantly bloody...western monarchs used to also be just THIS detached from reality.

I loved the way his son was looking down his nose at the camera...like who the fuck are you, you little shit, you're nothing but the son of a dictator; these idiots have no merit whatsoever

Feb 22, 2011 2:37 PM

The Fed will

Feb 22, 2011 4:56 PM

Pt and Pd are getting totally smashed...a worrisome sign if you are long

Feb 22, 2011 5:17 PM

if so, then massive, cascading bankruptcy will end the USD

Feb 22, 2011 5:25 PM

it doesn't matter...the oil peak is going to hyperinflate debt instruments to bupkus.  Instruments relying on a future of more must be discounted.

The reason QE won't work is because it doesn't.  But that hasn't stopped Japan...the math makes the currency go poof if you don't print.

Feb 22, 2011 5:30 PM

the army won't obey these orders...this is a suicide mission

Feb 22, 2011 6:41 PM

yes, the deflationist argument.  Those with a few scraps of paper with the right ink will end up owning everything.

See, such an outcome is improbable simply because it is so inherently ridiculous.  B9 is correct that the system will deflate, but the effects of it will not be as deflationists predict.

Also against the notion that Ben will *not* do QE3 are the japs who are STILL QEing even 20 years later.  QE *can* and *will* continue until ultimate faith in the currency is lost.  Such a discontinuity will happen rapidly and beyond the power of the paper pushers to abey it.

Feb 22, 2011 6:48 PM

war before then...contracts are paper.

Feb 22, 2011 6:59 PM

wrong.  completely so.

Economic rent comes as a result of growing economies, perpetually growing.  The system knows only growth.

There is no profit at all in scarcity, none.  You cannot support a rentier class on increasing scarcity

Feb 22, 2012 1:33 PM

5.5% is a helluva miss

Feb 22, 2012 1:35 PM

Yun says that all the time.

In fact, they could replace him with one of those automatic newswriting robots very easily.

Feb 22, 2012 10:22 AM

lol, so what's the difference?  They pretended to work while greece paid them now greece pretends to pay them while they pretend to work.

Nobody's actually going to do shit when they aren't paid.

Feb 22, 2012 10:23 AM

as little work as the greeks have done for 10 years while getting paid, this is like coming in on one fucking weekend and bitching NONSTOP about how youze beez a slave.  GTFO here

Feb 22, 2012 10:28 AM

How about lower the prices to affordability? 

Feb 22, 2012 10:29 AM

it's mindblowing to think that you believe that there are enough people on the sidelines to do anything other than cause a deadcat.

The banks can barely lend money for free at this point.

Feb 22, 2012 10:31 AM

150k where there are no jobs maybe or in an exurban asteroid belt.

Who's with me to retake Detroilet?  We can buy the city for 150k and just bulldoze shit

Feb 22, 2012 10:34 AM

Mount Crashus

Feb 22, 2012 10:46 PM

who gives a fuck if they did NA and Australia, both of those would have STRENGTHENED the correlation you fucking MORON.

This study looked at more than parasites.  "As a measure of infectious disease levels for each nation, disability-adjusted life years lost (DALY) owing to infectious disease were used (WHO 2004b). This measure combines years of life lost and years spent disabled owing to 28 representative and important human diseases, including tetanus, malaria, tuberculosis, hepatitis, syphilis and leishmaniasis, such that one DALY equals one healthy year of life lost per 100 000 people. "

Again, READ THE FUCKING PAPER.

You've made no showing of their having any diseases while in the fucking WOMB, you moron.  Black kids in the USA have no exposure to parasites or malaria, yet still test dead last.  Go figure.

You will grasp at any straw you can to not have to admit the inevitable, obvious truth.  Cognition is NOT an equally-distributed attribute.  I mean, just look at the two of us.  You are obviously of very mediocre intelligence and I am a genius who runs circles around you.

Again, there are a JILLION studies, including longitudinal ones GALORE regarding separated twins, race-confused kids...EVERY SINGLE ONE shows that people trend toward their BIOLOGY, not their environment.

Certainly environmental improvements can help and if you READ your study you'd see they were PRIMARILY interested in figuring out what was up with the Flynn Effect.

Feb 22, 2012 10:49 PM

are you stupid?  The Egyptians were white.

They JUST SEQUENCED King Tut again and found that he and like 50% of europeans, including some 70% of italians, shared a common ancestor out of the caucasus region.

AKA, he was a WHITE DUDE.  The Nubian pyramids were built by the Egyptians; it says so right there in your stupid Wiki.  The ethiopian empire LOL.

Feb 22, 2012 10:56 AM

nevermind that your strawman first sentence isn't even REMOTELY characteristic of what I said....carry on, idiot.

Feb 22, 2012 10:58 AM

they still are.  Other races like asians aren't.  Things like the chinese exclusion act of 1882 never happened.

but blacks beez gypshuns nshit

Feb 22, 2012 11:06 AM

so yeah, because you USED to have a nice income, the gov't is cool to gank you and leave you with a fraction of it.  Not a problem.

Bc "everyone" who lives on dividends has money to throw away on diversity programs for gov't employees.d

Feb 22, 2012 2:47 PM

platinum is mass murdering it

Feb 22, 2012 2:48 PM

if CBs hate gold so much, why do they hold so many tons of it?

Feb 22, 2012 3:10 PM

Bushveld alone has 6/7ths of the reserves and 17/24ths of the reserve base on the planet.  70-80% of production comes from that one formation ALONE.  Russia supplies around 10%.

Interestingly, Zimbabwe has some relatively "significant" reserves estimates, on par with Russia, and mines have recently started producing there.  Russia previously suppressed the Pt price by selling rather sizeable stockpiles into the market to cover for any supply issues, being a swing producer.  They stopped a few years ago, maybe they ran out, maybe they restarted.  Nobody knows how much, if any, they may have left.

However, 40% or so of the production is consumed for auto catalysts and after Fukushima, there really has been a major supply glut.  This won't last forever.  RSA production has shown plateauing metrics for half a decade and the diversity situation there is a catastrophe.  If their government pulls the zimbabwe method of "reconciliation," production will collapse and the world may have to intervene to install white people into those mines if this hasn't happened already.

An example of RSA's diversity program is their goal to make their air force 75% black.  They don't care about merit, it will be that number, period.  Given that blacks graduate VERY low numbers of candidates into combat air positions in integrated air forces, this can lead in only one direction, which is the same direction as affirmative action and race-based hiring always leads.

Feb 22, 2012 3:13 PM

yes...I did?

Feb 22, 2012 3:15 PM

no, I told you idiots to put on a convergence pair trade over a month ago...anybody who listened is getting free money

Feb 22, 2012 3:21 PM

i'm seein yen and GBP devaluation potential as well could be driving this.  Meanwhile the BRL is goin up up

Feb 22, 2012 3:26 PM

I don't trash silver, it's an inanimate object.  I trash YOU and idiots like you for shamelessly pumping an industrial metal and trying to stampede gullible lemmings into becoming bagholding dupes.

Feb 22, 2012 3:29 PM

the people who bought using your hysterical predictions of "$60 by next week" have LOST money, idiot.  They are not getting free money.

Or do you mean if they held they are on the long road toward maybe reclaiming some of their lost capital as silver crawls back up?

The difference between your and my predictions is if you act on mine, you don't get blowtorched.  You make money.  Then if you want, you can actually go buy silver with it or some other industrial metal.

Feb 22, 2012 3:30 PM

if that guy wants to repeat the exercise, I will take a fuckin job at taco bell for a day.

oz Eagles are legal tender at $50 at any rate; all of the eagle fracs are as well for different denominations.

Feb 22, 2012 3:34 PM

huh?  It was a discussion about SOUTH AFRICA, you IDIOT.

I didn't say anything about race in platinum mines in Russia or fucking Montana!  Without examing the RACE issue, you CANNOT assess the supply dynamics of Platinum as the motherfucking mine producing 80% of annual production is subject to RACE-oriented issues such as rolling power outages, incompetence in management, and a HOST of other factors unrelated to reserve quality!

In order to buttress this thesis, I made mention of ANOTHER institution in RSA for which race-norming is being forced; their airforce.  I know the notion of providing EVIDENCE for a position is alien to you, and ESPECIALLY when it's near your mental third rail, but the facts are the facts.

The reason for production "glitches" in RSA revolves around one issue and one issue alone, race. 

That said, I am confident that asians could run this mine just as well as whites.  So much for white supremacy.

Feb 22, 2012 3:37 PM

He forgot that this was in Zimbabwe dollars.

Or maybe it was someone holding the Warsaw Pact's reserve currency because "cash is king" in a deflationary collapse.  Maybe Karl Douchinger.

Feb 22, 2012 3:41 PM

you do know that we were all here during the bubble runup and we ALL saw you breathlessly cheerlead silver like a NAR economist, right?

You can't pretend away the truth, cliff.  It really WAS you who said "$60 by next week," "hyperinflation IMMINENT," and "$49 by the end of this week," all while silver totally cratered and got a lot of people's life's savings totally blowtorched.

All those people are "in the money," eh?  Just like "housing is a can't miss investment that never goes down."  I'm going to start calling you Cliff mosely-Yun-Lareah-claven.  You have more names than a fuckin south american

Feb 22, 2012 3:42 PM

oh it's really gonna take silver to "break free" from JPM's evil clutches for that?  Where have you been for like since I signed up for ZH?

Feb 22, 2012 3:46 PM

stop projecting, Cliff.

I have a gold rolex day-date that had a busted mainspring for a while.  I don't recall crowing over how fucking ACCURATE it was merely because it was dead on balls right TWICE per day (which is like 1000000x your rate). 

You are bleating about great predictions when every single one you ever make besides the stuck "buy silver ALL THE TIME" clock one falls flat on its face nearly immediately after your making it.

You are the ultimate FADE indicator, claven.

And I most certainly do NOT treat everyone like shit...just worthless people like you.

As for my personal and professional lives, I will bet you money, even silver, that all of the following statements are correct:

I make more money than you
My dick is bigger than yours
I bang more chicks than you

Hell I probably have more fuckin silver than you do too, how do you like DEM APPLES, BITCH?

Feb 22, 2012 4:32 PM

I lold @ this

Feb 22, 2012 4:41 PM

LOL, so now Cliff is the arbiter of what "real" money is.  So, IOW, cliff, I can't go down to the gas station and buy real gas with my FRNs?

Because EVERYONE is delusional except you, right?  BWAHAHAHAHAHAHHAHAHA

Feb 22, 2012 4:43 PM

I hear you can find a lot at the bottom of rivers and lakes

Feb 22, 2012 4:46 PM

Everyone around here says "the Fed is going to have to devalue the dollar" and yet we are surprised when the stock market goes up?

I mean, jfc, look around you.  I got banned from TF for expressing with 100% certainty that the Fed would print.

Yet there are STILL people around expecting the "rules" to be applied and everything collapses?  The nominal prices will rise, real value won't.  Simple as that.

Feb 22, 2012 4:47 PM

In other news, Ted Baker to POST IN ALL CAPS and misspell "lose" like a fkin idiot

Feb 22, 2012 5:44 PM

the greeks should retaliate by doing negative work at their jobs...oh wait, scratch that, that's already what they do.

well, i'm fuckall out of suggestions.

Why would the creditors want gold?  You can't eat it and it's barbarous

Feb 22, 2012 5:46 PM

Syria is sticky because Russia has half its fleet there.  Behind the scenes as we speak the whole arab league is trying to figure out a deal that gets Russia to acquiesce.  Will be difficult politically for them if the ahab world seems to be inviting military action by the West.

They may just say fuck off and draw a line in the sand, who knows.

Feb 22, 2012 5:47 PM

you would if you were bribed to.  That is how Argentina's state assets ended up in the hands of everyone else.

Feb 22, 2012 5:53 PM

yeah and a few months ago you were telling people to BUYBUYBUY and then it crashed.

And you were still a loser.

Feb 22, 2012 6:08 PM

hey if you wanna fight, I'll kick your ass at that too...anytime you're feelin chesty there sparky

Feb 22, 2012 6:13 PM

fails in the USA, idiot.  Everything you say is pretty much wrong...yet you just keep pluggin.  One day, cliff, one day.

The paper was about the Flynn effect.

r is higher for average skin darkness than for parasites.  It is also as high for cold weather.

You really OUGHT to read papers before getting blowtorched by what's in them.  Feel free to ask if you need help understanding science.

Feb 22, 2012 6:51 PM

when humanity stands up, holocausts happen

Feb 22, 2012 6:54 PM

Menem and de la Rua just left in military helicopters.  The Riveria is still out there, ain't it?

Feb 22, 2012 7:15 PM

nevermind that it's false.  Beware of any "fact" told to you by cliff mosely-claven.

the paper he referenced was about parasites and diseases like tetanus and malaria, things eradicated by civilized people like ago.  r is higher for skin darkness than for disease.

The reason diseases correlate so well to IQ is because higher IQ populations CURE DISEASES.  Low IQ populations don't.

It takes a substantially high IQ to come up with a vaccine or to even understand disease vectors.  These things are science, which is the exclusive province of the intelligent.

Every malady that correlates with low IQ is *caused* by the SAME THING that causes low IQ scores...low intelligence.

Feb 22, 2012 7:16 PM

Either you are the biggest liar on the planet or the stupidest idiot on it...which one is the case?

the r of something you say to its being wrong is 1.0

From the paper itself,  " Templer & Arikawa (2006) also found that average IQ correlated significantly with average skin darkness (r = ?0.92)."

and the results of infectious diseases, "Log DALY owing to infectious disease and average national IQ correlated at r = ?0.82"

Correct me if I'm wrong, Cliff (yeah, RIGHT), but .92>.82.  Negative IQ correlates more strongly with skin darkness than with infectious diseases.

BESIDES, a correlation is not a cause.  The REASON that infectious diseases correlate so well with negative IQ is because stupid people tend to get more of them.  Their lifestyle habits make them disease prone.  It's the same reason low IQ correlates so well with poverty. 

Nevermind that in the USA, we don't have parasites in rivers and all the rest of this shit, and we have vaccinations for almost all of the diseases cited and no malaria (because high IQ people cured and/or eradicated them).  Blacks STILL (even with miscegenation) score 1 sigma left of white mean.

In ADDITION, in race-confused longitudinal studies, the populations averaged to the mean of their TRUE ancestry, irrespective of environment or their own belief as to their ancestry.  Black kids adopted by white parents average black IQ, not white IQ and not a mixture.   Black kids who erroneously believe they have a nonblack parent trend toward black IQ.  Halfer kids who erroneously believe they have 2 black parents trend toward an IQ halfway between their true ancestry.  Doesn't matter who raises them.

Look, there is little purpose in your even attempting to engage on this topic because, like every other topic, I know orders of magnitude MORE than you do about it.

Now, STFU, slink away, and/or drop dead.

Feb 22, 2012 8:29 PM

Why is it that every SINGLE time you are confronted by someone disagreeing with specific things you say that you put up a fucking STRAWMAN?

Are you incapable of responding on topic?

I wasn't saying ANYTHING of the kind.  Of course poor blacks have higher rates of disease, they come from less intelligent genetic stock and disease correlates with lack of intelligence.  The evil whiteys mostly eradicated these types of diseases long ago; that is what intelligent people do.

Next you will talk about the r of starvation or lack of multistory buildings with IQ and I will AGAIN go "no shit, sherlock."

Feb 22, 2012 8:33 PM

Hitler tried repeatedly to ship them to Israel/Palestine and Ben Gurion told him fuck no, put them in a dumpster somewhere...

Feb 22, 2012 8:44 PM

HUH?

How in the hell is saying that a white chick is to blame for WHITE PEOPLE not wiping out malaria a "bone to pick" with anything I said?  Black people are not going to cure fucking malaria...Johannesburg is now populated with fucking witch doctors and most the people on that continent believe that sex with a virgin cures AIDS.  DDT wasn't invented by blacks.  Neither were ANY of the things that would have been used to deploy it, unless you expect people to have sprayed DDT with super soakers.

WTF do you think people dumb enough to believe in shit like witchcraft and baby rape are going to do, come up with a freakin complex vaccine??!  Nevermind the soup they make out of bodyparts for witchcraft in RSA now.  The civilized white man would have put a stop to that shit just as surely as he did the tradition of burning widows in India.  But none of that matters compared to the strength of diversity.  You people should get over your racism and watch films like Viva Riva; even africans make jibes at each other over how utterly shitholey some countries like Zaire/DRC/wtfever are and should have stayed colonized.

cliff and I are not in what would be characterized as a fight...it's more a BDSM session and I am the top.

Feb 22, 2012 9:04 AM

thank god for peter tchir; i was gonna run right out and buy a bunch of paper shit related to greece

Feb 23, 2010 11:30 AM

Tonnage was down significantly all across the board...would like to see real supply numbers.  Gold peaked in 2000, so there has been less supply every year since, but the pretty significant drop in tonnage consumed is telling.  Does not appear to be as much volume supporting this price. 

Feb 23, 2011 1:23 PM

yeah, total LOL at the economists thinking their paper bullshit can "manage" the oil supply.  WTF, they're going to print up some production for us?

I can't completely castigate them, because before the production peak, lowered rates = more activity = more supply.  In a rough sense, the money supply over the previous century did throttle economic activity and oil production in a rough way.  This led idiot banker/economists to believe that they were really controlling the levers of everything.

What they forgot is that economies grew independent of CBs before said existed in various countries, on the back of energy supply growth.  Banking is really parasitism that inhibited growth a little or a lot depending upon what they did, but the aggregate supply of energy to do the doing was the driver of the macro trend.

Feb 23, 2011 1:29 PM

oh no...canadian troops.

if they deploy here, it will be to stop a flood of escapees/refugees.

I don't imagine that the cops here will be as "restrained" as those in other nations in the face of protests like we've seen.  In every case so far, our cops have really cracked skulls.  Our riot forces are trained to stop riots, not just stand there looking like guys that stop riots.

Just because the greeks deployed a ton of guys in riot gear does not make them real riot cops.  Watch the G20 footage from Toronto to see how we do it.  Stasi stuff is where the US is still #1.

If Americans are chucking rocks or molotovs, I would expect police snipers.  We have a giant paramilitary who has specialty in no-knock raids, dynamic entries, and a real military that has been doing the same in a very hostile country for nearly 10 years now.  You have to ask yourself what the US public brings to a 'revolution' that the US Army hasn't dealt with in Iraq.

Feb 23, 2011 1:41 PM

i watched that episode and distinctly remember their going further on the same fuel load with windows down.

That notwithstanding, at the speeds I drive, I would suffer hearing loss from the wind roar so AC it is for me lol

Feb 23, 2011 1:44 PM

Pd is getting absolutely smashed again...

Feb 23, 2011 11:40 PM

I'm sure you will need to be the right color in order to get this subsidy

Feb 23, 2011 11:54 PM

Watson just destroyed all humans in Jeopardy.

Feb 23, 2011 12:09 PM

maybe IEA wasn't lying when they said peak was in the rearview mirror

Feb 23, 2011 2:00 PM

note that RT is one of the 2 only real news stations anymore

Feb 23, 2011 2:39 PM

this is because if gold is a good investment it means the EOWAWKI is coming.  Everyone knows that.  A gold stampede means unhinging of everything that all these pundits and analysts revolve around, the paper markets.  I mean look at Douchinger.

The entire paper economy functions on confidence, and such a thing is fleeting.

Feb 23, 2011 2:40 AM

why?  QE hasn't totally wrecked japan in an apocalypse yet.  Why would the Bernank believe that would occur here?

The federal budget has 1.7T of deficit fat in it plus the rollovers of the other 14T.  Where is this money going to come from?

I don't see any way to make the math work without QE, which is why I remain in the inflationist camp

Feb 23, 2011 2:43 PM

Pd still getting smashed tho and silver lagging a bit.

Looks like a geopol trade and who could blame it?  Gold is the only PM market that is deep and liquid enough to support size movement.  Pt rightfully ought to trade at several multiples of Au, and Pd should too just given their production figures vs Au.  But that ain't the way it is...

Feb 23, 2011 2:44 PM

there never was more than about one day's worth of consumption sitting at sea in tankers.  Libya's shut-in is important because they are a net exporter.  Importer nations need those countries desperately.

Feb 23, 2011 2:50 PM

So, I'm interested to hear from guys like B9K9 what the reaction will be if the Fed does not start soaking up more supply.

There are two choices here, print or default.  The USG cannot and will not cut enough fat from the budget to balance it.  Perhaps a substantial budget cut would spark a bid, but we'd be talking something on the order of 5-600B in cuts and that still doesn't approach balance, not by a long shot.  That's just to get us near a trillion in annual deficit.  And the compound interest problem is insoluble.

I see no way politically for the government to go austerity...they are going to have to have it forced on them.  The Fed may not wish to destroy the dollar, but it's already BEEN destroyed.  100 years of entrenched destruction can't be reversed in a couple political cycles.

Default isn't going to strengthen the dollar or UST bid either.  Neither will revolution.

Feb 23, 2011 4:01 PM

1 equation cannot be solved for 2 unknowns

YOU FAIL

Feb 23, 2011 4:06 PM

why would you give a shit if someone junked your post?

WTF does everyone in this place have a sore vagina?

Feb 23, 2011 4:10 PM

Did it ever occur to you that this is absolutely NONE of OUR fucking business?

You care so much, you go fight.  The world hates us because of idiots like you who want to bring war to their living rooms over everything.

Feb 23, 2011 5:10 PM

Absolutely CORRECT!

We are trying to inflate, yet ALL OF THESE fucking countries keeping their EXPORT HAPPY pegs to the USD are not letting the trade flows balance!

THUS, the entire WORLD is seeing inflation.

The ZH idiots keep blaming Benocide but he is responsible ONLY for the dollar!  Food inflation in Egypt isn't OUR fault!  Benocide only controls the DOLLAR price.

The answer is for other countries to ACCEPT their role in the trade imbalances and stop trying to have us BALANCE our budget AND support their fucking bloated export ponzis

Feb 23, 2011 5:48 PM

So the IMF can print food huh?  Or else do they mean they will print money to keep up with the increasing price?  That'll work, right?

The problem again is that no nation will let their currency appreciate against the dollar.  They are too beholden to their darling export ponzis built atop 40 years of our debt.

People act as if the USA is the only delusional nation; the activity in all these exporters wouldn't exist but/for our debt racket.  They have themselves to blame as well.

Wanna stop food riots all over?  Stop pegging to the dollar.

Feb 23, 2012 1:01 PM

shut the cellphone off.  Get rid of it.  You'll survive.

Feb 23, 2012 1:22 PM

the law only applies to the law abiding.

You can see this in full effect every day in cities, where low-level miscreants with significant records are not even bothered with by the police.  They just smack them a bit or steal their stuff.  A suburbanite gets the full monte treatment.  They let the hooker go and bust the john.

Same thing was true in schools and with every public authority system.  The kids in the back who didn't give a shit and got Ds were just ignored.  They got away with bloody murder.  God forbid you even drop a pencil if you're a student who cares.  The teachers take out all their pent up frustration over having their authority flaunted on you because they know it matters to you.

Feb 23, 2012 1:24 PM

Silver looks to have bottomed for now, yes....still, if you draw a trendline off the tops, we're at an apparent area of resistance and right under the 200DMA

Feb 23, 2012 1:29 PM

stand outside and offer them a slightly better price

Feb 23, 2012 1:29 PM

or it could just be because gold is yellow, relatively rare, and bitches like shit like that

Feb 23, 2012 1:31 PM

bbbut...bbbbut...IONICAL LIQUIDSEZ!!!!!!!!!!!!!!!!!!!!11

Feb 23, 2012 1:42 PM

cites?  Bc I had thought they had empirical evidence that Y.P. caused bubonic plague.

edit: on some research (gee, how hard is this to do), I see what you are talking about.  Suggesting a variant of ebola based on the anecdotes.  Perhaps the bacteria had a virus lol (yes this does happen)

Feb 23, 2012 10:57 AM

shiny rocks

Feb 23, 2012 10:59 AM

lol...come and take it?  OK, a few unmarked tractor trailers.  Nobody on the street even knows where it is stored.  Do the deal, the government people let you drive up, forklift it into the trailers and drive off.  If a few palms need greasing, they get a little.

Feb 23, 2012 11:08 AM

if there are any, historians will look back at this time as similar to the time of the VOC, when the whole issue of a corporation as distinct from a person but possessed of similar legal attributes and even eventually quasisovereign powers was a novel concept.  Now, we have amorphous, transnational entities which appear to be governed by nobody.

Their executives don't clearly appear to be citizens of ANYWHERE.  Money hops from NY to London to Frankfurt to Hong Kong to Singapore without any inhibition, as do transnational executives, who appear to have nobility standing in almost the entire world.

Feb 23, 2012 11:30 AM

dey bein jacked fo dey gold

Feb 23, 2012 12:42 AM

china builds totally shitty cars that nobody wants...the only place in europe that would buy them IS bulgaria and other trash countries

Feb 23, 2012 12:44 AM

have you ever actually SEEN a chinese product made by a chinese company?

Feb 23, 2012 12:45 AM

it's very easy to see chinese offset crash tests on the interwebz.  Suffice it to say they are like crashing a loaf of wonder bread

Feb 23, 2012 12:50 AM

nope.  Just call it the "pad" instead of iPad and let the chink company make their own ipad without an apple on it.

Chinese aren't stupid enough to think it is the same thing.  It's a TRADEMARK, not a patent.

Feb 23, 2012 12:59 AM

you fucking idiot, i ANSWERED your questions.  I made DIRECT rebuttals of the shit you said.

GFD you are a stupid shit.  That is NOT ad hominem, it is a fact.

Feb 23, 2012 2:39 PM

"this sucker could go down"

Feb 23, 2012 2:42 PM

why would Japan sell foreign assets if there are domestic yen liabilities?  Just print the yen; that's what they do.

Feb 23, 2012 2:45 PM

fuck Mike Krieger

Feb 23, 2012 2:52 PM

what about the children at the bottom of the lake?

Feb 23, 2012 4:08 PM

don't use google

Feb 23, 2012 4:10 PM

do you cretins even vaguely get how hard it is to hit a small moving airplane at a mile up with small arms?

There exists the "wall of fire" principle for hitting moving airplanes with small arms fire for a reason.  This is established military doctrine.  The problem is that you cannot maintain this against a fking drone without being detected and targeted.

Nevermind you won't even be able to see the drone.  You'd be better off thinking about how to configure scopes with arrays of DVD lasers and burn a hole in the thing or something.

Feb 23, 2012 4:27 PM

take a look at the MQ9's performance stats or the global hawk.  These are just the declassified drones.

You will not be hitting them without SAMs.

Feb 23, 2012 4:29 PM

lol...maybe

Feb 23, 2012 4:31 PM

you're right.

The dreams of the oneworld jetsetters are going to run smack into the face of peak oil.  The world will get larger.

Feb 23, 2012 4:34 PM

how was the end of BNW not a happy one?

The Savage got what he was looking for, his own pain and destruction.  Organized, happy society went on.

I am frightened of the inability of most people to see any deeper than the good guy/bad guy gestalt.  Happy endings outside of an asian massage parlor are complete bullshit and transparently vacuous.

Feb 23, 2012 4:38 PM

only if you are not an approved market manipulator.

Feb 23, 2012 4:40 PM

FUCK YOU TYLER, YOU KILLED TEH GOLEDZ

Feb 23, 2012 4:41 PM

bbbut...bbbut...cliff mosely-yun-lareah-claven told me the Comex already defaulted!!!!!!1111

Feb 23, 2012 4:44 PM

no, it was definitely IG-88 dreaming of dunking

Feb 23, 2012 4:46 PM

ain't that the truth...the most closed ecosystem, the slave labor, the cult worship.

The iphone4 sucks, people.  the interface is stale, old...the appliance itself is a fucking brick and a heavy one.

Feb 23, 2012 4:48 PM

iCanHazSome?

Feb 23, 2012 4:50 PM

you mean when all the iLemmings iStampede out of this iCrap because they realize that it's really iLame and there are simply better products out?

Feb 23, 2012 4:52 PM

if you've seen their products lately, you know they already are.  the iPhone4 weighs as much as an average dinosaur.

Feb 23, 2012 4:58 PM

don't borrow money at interest.

This lesson was so ingrained that 2 of the west's major religions banned it for centuries.  The other significant major western religion has it as an affirmative commandment to use usury against members outside the ethnic clan.

The wisdom here is in both cases is that people of ordinary intelligence cannot understand compound interest.  They just can't.  They're incapable of it.  Therefore, it is consistent with public policy that it should be banned.

The lenders descended on "free" blacks like locusts and performed interest tricks that turned them right back into slaves.  Sharecroppers ended up working for a year or two straight just to pay a lender

Feb 23, 2012 4:59 PM

will they work?  Bc they haven't been for a while

Feb 23, 2012 5:12 PM

uh, yeah the problem is definitely that.  People don't get exponential growth.  This is precisely why all these interest schedules and disclosures are on lending docs.  They are trying to generate "informed consent."

Feb 23, 2012 5:13 PM

how is that a statement endorsing going into debt?  There are a lot of people who are nigga rich, and?

Feb 23, 2012 5:15 PM

well if those girls will get their brows waxed and shave and stuff, there's definitely a market.

Girls all over the world are more than willing to GTFO of their country for a guy who can earn a living and doesn't drink and beat them.

Feb 23, 2012 5:18 PM

yeah, it's not.  Read the prospectus, you fucking idiot.

Feb 23, 2012 8:51 PM

wtf did I just say?

Did you read and understand the difference between an RC helicopter and a military drone?

Feb 23, 2012 9:44 AM

by US companies with US quality control imposed.

Chinese label stuff is atrocious.  Their cars are horrid.  Do some research on Cherys

Feb 23, 2012 9:46 AM

I don't shop at walmart.

Yes, there are millions of you handing your money over for chinese shit.  that is why I call you idiots.

The people telling you you cannot buy chinky cars are the ones who will have to extricate your half-dead body from the thing if you collide with a stop sign.

Feb 23, 2012 9:47 AM

Vive le recoverie bitchez

Feb 24, 2010 1:47 PM

I'd be gettin crazy paid rich, bangin hoez, and even pimpin some to my geeky underlings.  A nigga gotta eat, right?

Feb 24, 2010 1:50 PM

Just have to make sure those big oceans keep the war outta my backyard

Feb 24, 2010 11:15 AM

This is a worse financial crisis because it is an existential crisis facing the very thing that bankers have spent 500 years peddling - debt.

Running an entire monetary regime on debt only works mathematically as long as it can grow.  Again, it's very important that everyone understands this.

Our currency is backed by a promise to pay in the future plus interest.  Once a deflationary spiral sets in, the math makes the destruction of the money supply via cannibalization from interest servicing needs inevitable.

This is as simple as when someone gets in over their head with credit cards against a level or declining income stream.  If the growth of servicing costs exceeds their growth in income, interest begins to capitalize and eventually consumes their entire personal money supply.

There is no way out of this other than devaluation/default.

Peak oil is the end of the growth and debt era.

Feb 24, 2010 11:19 AM

Gold and silver are bad ideas.

Gold is in supply decline; it peaked in 2000.

The only solution now - and will be the eventual outcome here - is currency backed by production.  This means Real Bills Doctrine writ large.

Bills could be gold, oil, wheat, anything.  We already have markets which fix the relative prices between these things.  Banks will serve the purpose to discount these bills.

Either way it won't matter.  Until/unless we get fusion solved, we face INEVITABLE sustained global recession.  This is what I said 7 years ago when I first began analyzing outcomes from the oil peak.

Right now we are at the moment of choice where we either let our debtmoney strangle our entire economic system or we simply repudiate.  There is NO future for economies run on debt.  Debt GROWS.  It's built into the math of it.  That is what interest is.  Your obligation grows over time.  The real economy, without additional energy inputs, will NOT be growing.  So how can it backstop debt which is?  Mathematically impossible...

Feb 24, 2010 3:22 PM

From where, one bankrupt country to two MASSIVELY overcapacitied ones?

The power is shifting to India and Brazil...figure it out

Feb 24, 2010 3:23 PM

Greek official default to be followed immediately by further downgrades

Feb 24, 2010 3:29 PM

Direct bids come straight thru to Treasury via PDs or directly.

Indirect bids are from foreign CBs and sovereigns via the NY Fed.  Typically, this is the route for China.

Listen, someone track the size of the trade deficit versus indirects; I suspect you may find a correlation.

There are less dollars being shipped to recycle.

Oil consumption is another factor to look at...aggregate petrodollar volume is down because demand has decreased - but so has supply.  This is an important trend to note for the treasury market (where budgets and debt always grow) against a dollar export to buy oil that is declining in supply against lackluster demand.

We kinda need oil to go to 120 to increase the petrodollar flow.  Some of the indirects could be Ahabs

Feb 24, 2010 3:33 PM

Ahabs...take a look at our oil trade deficit.

At $80/bbl, we're importing 12mbpd..that's a $960Mx365 outflow.

The petrodollar deficit is bigger and always has been than China

Feb 24, 2010 9:08 AM

The Harvard/Yale/Princeton axis continues

Must have been nice to have been looking to attend those schools back when merit could get you in.

How many poor non-colored kids we hear of these days making their way into Harvard on grades and test scores?  The classes are packed with the kids of these elites and their cronies.

Sure, they let the "diversity" admits fill up the roster, but good luck otherwise.

Feb 24, 2011 1:14 PM

"peak oilers"  do not believe the world is running out of oil...   Only that the world is running out of CHEAP  EASILY ACCESSIBLE OIL 

No, the peak oil law says only that production will at some point hit a maximum rate and then decline.  It has nothing to do whatsoever with the cheapness or easiness of the oil.  ALL wells, fields, and geographic collections thereof will achieve peak.

Feb 24, 2011 1:17 PM

Flak, buddy, I tried all this shit months before you were here.

They didn't listen, so I just tell them to STFU idiot.

Feb 24, 2011 1:22 PM

Not even VAGUELY correct, idiot.

Use cases based upon zero consumption growth put TOTAL RESERVES EXHAUSTION at "100 years."

They say NOTHING about when the RATE of production will peak.

If you do not understand the basic concepts under discussion, kindly STFU

Feb 24, 2011 1:24 PM

ya think?

MHFT is an idiot...the US already peaked...forty fucking years ago.

WTF is he Rip Van Winkle x2?

Feb 24, 2011 1:35 PM

Gold?  Why?  Doesn't he know you can't eat that shit?

Feb 24, 2011 11:42 PM

Look, this stuff is pretty simple-

the currency is based on debt.  ALL debt's "value" is assessed on its ability to be repaid plus interest.  The money IS debt and it's clear that the future cannot repay today's debts, the fundamental nature of our monetary system is what is imperiled.  It's not a matter of this currency or that currency, it is aggregate confidence in the growth system and the future's ability to repay today's debt/money.

Feb 24, 2011 12:27 AM

perhaps that you can make other quick lists excluding the american part.  And you can make other lists where the other attributes have low correlations.

I mean, gfd, you got a gigantic majority of jews and you come and say oh what about the fact that they all have hair

Feb 24, 2011 2:33 PM

Fuck you Krieger, you voted for this clown.

Many were telling you EXACTLY who he was before the election

Feb 24, 2011 8:04 PM

You can't conceive of there being another option, eh?

They have already boxed in your mind.  They control your horizontal and your vertical

Feb 24, 2012 1:38 PM

let me just synopsize..."high gas prices fuck up the economy's shit"

Feb 24, 2012 10:01 PM

lol...savings PAY?

Savings either generate a return or they shouldn't pay.  Interest doesn't magically pay itself...someone has to take that money and earn a return beyond the interest rate paid.

Our economy isn't capable of generating the types of yields it used to.  It's a 0% economy now, like Japan.

Feb 24, 2012 10:03 PM

this is all irrelevant.  There is nothing left in our economy that can pay a positive ROI.  That's what the rate structure is telling you.

The Fed was expecting an explosion in borrowing to go do things that could yield >.25%.  Hasn't happened.  That's because the business climate isn't adequate to produce that ROI.  So nobody borrows.

Feb 24, 2012 10:12 PM

wrong.

Reset?

Reset WHAT?  You people realize that even if we "reset," OIL production is not going to reset back in its lifespan to where we can grow it again, right?

The reason interest rates are low is because there IS NO DEMAND for credit.  Bankers can only charge what the market will bear.

Feb 24, 2012 10:58 AM

gold is a currency that is accepted pretty much everywhere.   And it has none of the negatives that come with whichever sovereign would print the cash you wanted to hold.  There's nobody gonna QE gold, nobody gonna CHF/EUR peg on you in the middle of the night.

This is why sovereigns hold it and why they "hate" it...it exists independent of their ability to control.

Feb 24, 2012 11:27 PM

no; vinyl has made a comeback

Feb 24, 2012 12:25 AM

I never junk anyone except Tyler

Feb 24, 2012 12:27 AM

R O T F L

Feb 24, 2012 4:35 PM

the 5% deniers worry me the most because they make authoritative sounding arguments to keep the 90% in the dark because the 90% really WANT to believe in the optimistic happy future.  They latch onto whomever will tell them good news.   The 5% deniers know this and because those 5% are really pathetic, small people who have never been liked, respected, and because they hate themselves and are hollow, basically resort to demagoguery to feel special.  The political class is chock full of people like this, who morph into full-on sociopaths.

Elect Newt...it won't make a difference.

Feb 24, 2012 4:38 PM

Europe also has a great rail system, compared to our POS one.

Scamtrak makes money on NE Corridor.  Acela is profitable.  Yet here we are still stuck with a POS "high speed train" that won't go past 120mph. What a joke.

Acela took over a gigantic chunk of BosWash traffic...yet we have fucking California trying to sell bonds to do this between SFO and LA?  or wherethefuckever?  Idiotic.

Feb 24, 2012 5:23 PM

brent grades in steep supply decline...spreads to WTI and syncrude remain nutso

Feb 24, 2012 5:29 PM

yeah just watch that they don't top off or use the wrong grade

Feb 24, 2012 6:33 PM

cocaine is a helluva drug

Feb 24, 2012 6:35 PM

HFT waning

Feb 24, 2012 6:36 PM

huh?  People shouldn't be TRADING the market in this type of volume anyhow.

HFT is probably on the decline; a lot of the volume always was artificial.

Feb 24, 2012 6:46 PM

can't deal with some of them...they're presently intractable

Feb 24, 2012 9:54 PM

the bankerz are angry:  http://www.huffingtonpost.com/2012/02/24/banker-1-percent-tip-receipt_n_1299280.html?ncid=webmail1

Feb 25, 2010 11:10 AM

No!

ZIRP is a *reflection* that REAL economic activity is of ZERO profitability now.

You can see this in the dDebt/dGDP plots.

The only "profit" is in infinite speculative leverage against miniscule margins.  IOW, synthetic economics like CDSs and other derivative instruments.

Good luck actually DOING anything productive to make a profit these days.

Feb 25, 2010 12:01 PM

Again, horseshit.

Calling for a market crash in 2003 and having to wait until 2008 does not qualify as a good prediction.

Feb 25, 2010 12:01 PM

No they haven't.

EW is garbage.

Professional weather modelers try to model chaotic systems and cannot do so with high reliability even 5 days in advance.

But we are to assume that EWers can model market movements months, years, forward?  Horseshit.

There are any number of EWers out there and none have called anything correctly.  It may have some utility in hindsight, but go take a look at their charts.  They've been calling tops since October, and every "count" these days is nonstop W,X,Y extension waves because the counts are not matching the market action.

Feb 25, 2010 2:07 PM

yep...I said Argentina/Brazil model a couple years ago as what I saw coming.  You could read the posts on TF if Douchinger hadn't wiped that username.

That seems to be the inevitable outcome and the rich people I know are planning for it like vultures.

There are people with cash who will preserve wealth and their plans are literally to buy up all the property in liquidation and begin charging rent.

What does that sound like to you other than a freaking feudal model?  This property stays "in the family" for generations.  You can think about NYC and the surrounding areas, all these brownstones carved up into multiple occupancy units.  Someone owns those and has free income forever.

When you see consolidation of property and rampant rentier behavior, you've got an aristocracy, period.  Everyone who has now is trying to plan for more money for nothing.  Those who are the havers at the present are just like those in Argentina or Brazil - they're connected in some way with the political class.

Their interests are consistently favored; in fact, just like Greece, where a couple dozen families used connections to drive the government into bankruptcy so that they could both lend to it and profit from its spendthrift.  The same type of people who now get "bailed out" with public debt.  When the firesale comes, who do you suppose have any money to buy those public buildings and parks that Arizona for example is selling off?  The rich have used leverage and inflation and the banking system to create a surety out of the ground underneath our fking feet.

Yes, their plans ARE to force the USG into liquidation and to buy or "obtain" the national parks even and begin charging RENT on them.  Whether they use their personal playground corporations to acquire gas and oil assets in Argentina or elsewhere, doesn't matter.  It's the same phenomenon of feudalism and we're watching it happen.

Feb 25, 2010 2:14 PM

Then LET THE DEBTS DEFAULT.

Don't come in and swap PUBLIC DEBT to make whole the freaking lenders!  Fuck that shit.

Let the borrowers AND creditors suffer.

If YOU give a $100 loan to an effing junkie and he defaults, are YOU going to cry a river?

The banks DID and they cried it all the way to Washington and TRILLIONS in public guarantees on THEIR end of a STUPID fucking transaction.

The little person was just the tip of this iceberg.  The creative "bankers" leveraged several orders of magnitude more credit in the form of derivatives atop this.

Can you yet figure out how the mortgage market is only $10T whereas the notional amount of derivatives outstanding is in the quadrillions?  They NEEDED schleps to sign their name on the line only to close the loop which was several orders of magnitude more payola for them in terms of transactions and rentier fees.  Yes, the little people who borrowed too much ENABLED this behavior...but to say they are solely to blame?  Horseshit.

We have an entire ECONOMY run on this.  It made a small group of people incredibly RICH.  You think they made all that money off of the 6% mortgage??!?

Feb 25, 2010 2:18 PM

No...those in DEBT will soon understand what deflation means.

Just so we can be on the same page, who is the BIGGEST DEBTOR on the planet?  What entity is that?

They stand to suffer the worst because they cannot meet THEIR obligations.

This play goes the same as last time...deflation threatens the sovereign and they devalue.  You wanna hold paper into that, be my guest.

Feb 25, 2010 2:25 PM

The reality is that the trade deficits are shrinking...there are less dollars to recycle.

A phase transition is underway.

Think about how many less dollars are out there if oil production shrank from 85 to 82mbpd against a reasonably level price. 

Feb 25, 2011 11:42 AM

Heavy sour and there's no way to know whether they actually raised production or not.  KSA's production has appeared to have been overstated for many years.

Feb 25, 2011 12:53 AM

China can't force austerity on us; they are pegged to the dollar.  You don't understand the trade imbalance plan.  China needs something to do with all their dollars; USTs are that.  Without massive capital inflows from their yuan/USD peg, they are looking at a 40% GDP haircut.  Seriously.  FDI is a massive portion of their GDP.

Feb 25, 2011 2:09 AM

JFC, there is so much wrong with your post that it's hard to figure out where to begin.  But here's the first news flash, dipshit - the US became the richest nation on earth WITHOUT an income tax and WITHOUT a central bank.

there is NO evidence that central banking in ANY WAY contributed to our caused the economic growth.  ENERGY did. 

Your notion that the depreciating dollar caused economic growth is specious in the extreme. 

Economic growth is and always was tied to energy supply and marginal slack energy production capacity.

Feb 25, 2011 2:11 AM

How the fuck do you explain the spectacular 19th century growth of the US economy on a GOLD standard of all things?

The world HAS run out of potential for economic growth insofar as economic growth always was tied to energy supply

Feb 25, 2011 2:16 AM

Money was never REALLY tied to gold.  It was always backed by production.  Real Bills Doctrine carried world trade among nations with specie currencies.  The REAL money supply consisted of REAL BILLS.

The notion that a central bank LENDING money into existence is a good idea is IDIOTIC in the extreme.

You talk about needing fucking "money" and expansion of money supply and you seem to not even grasp what Central Banks CREATE!  They create money that is DEBT.  It is LENT.  It is not printed.  They LEND you the money you need to use and charge interest on it.

THAT is the main beef with central banking and you have missed this point entirely.

People who defend central banking do not understand its money nor seem to be able to grasp how world economies ran in their absence.

The US experienced unprecedented growth in the 19th century due to two things- coal and oil.  The Bessemer Process for steelmaking wasn't possible without the power of coal.  The Hault-Heroult process for production of aluminum was impossible without the power provided by these fossil fuels.  In this century, REAL BILLS provided the "money" of trade; gold standard notes did not.

Feb 25, 2011 2:23 AM

ah, tmosley with more ignorance of the difference between energy and power and no grasp of EROI

Feb 25, 2011 2:27 AM

lol...I have fancy cars.

I also am #1 PO guy around here.

PO is not the end of the world.  It needn't be.  But the unicorn beliefs of the deniers...TM talks about solar energy.  WTF does that have to do with an OIL peak?  Answer: nothing.

He's trying to skip ahead to a rebuttal of the CONCLUSIONS of some of the POers, and in doing so attempting to refute the entire thesis.

Feb 25, 2011 2:28 AM

WRONG.

ANY physical resource will peak!

JFC, you can do a 5 minute google search to discover the peak production points of various elements in the USA in the previous century.

ALL physical resource production peaks.  Conventional oil will peak.  Nonconventional oil will peak.  Uranium will peak.  Gold will peak.  Get it?

Feb 25, 2011 2:34 AM

I would submit that if you had a substantial portion of your wealth in PMs and the gov tried to seize them, thereby impoverishing you and condemning you and your offspring to effective starvation (for the benefit of elite that they'd hand the PMs over to) that you would be justified in killing every one of them.

The US didn't seize gold the first time; they ordered the gold handed over to the Federal Reserve Banks.

Feb 25, 2011 6:09 PM

his bank's product is built on a foundation of sand...wtf does everyone expect him to do, let the compound interest consume the entire money supply?

The erosion in confidence WRT the dollar is due to achievement of collective point of recognition that, as a debt instrument, its NPV must be discounted to reflect the reality of a future of contraction.

Feb 25, 2011 6:11 PM

STFU, idiot.

ANWR, 700kbpd?  Where do the OTHER TWELVE mbpd come from?  Your ass?

Feb 25, 2011 6:21 PM

i have heard EROI...you should hear STFU.

The writer thinks a paltry little 18BBbl is going to produce how much?  ROTFL...that's a miniscule little resource.  KSA had 250GBbl and the entire nation of it from a shallow reserves layout can't fill our production deficit.

Feb 25, 2011 6:22 PM

have brain eating zombies attacked the ZH posters?  Because anyone believing in "hydrogen," nevermind that "every element decays to it" (WTF!?!?) has no brain

Feb 25, 2011 6:24 PM

LOL

My money is on a combination of leprechauns and unicorns

Feb 25, 2011 6:49 PM

Higher prices lead to more supply, whether the subject is hookers, tent preachers, whatever.  It's Econ 201.

Yep...which is why no nation has ever hit an oil peak.

the real problem is that economics is junk based upon flawed premises.

Supply is not infinite even if reserves are.  Please refrain from speaking on this topic if you do not understand fundamental concepts.

Feb 25, 2011 6:56 PM

JFC you just don't get it...you think everything revolves around some fictional dollar price?  And that somehow oil at some arbitrary dollar figure makes NEGATIVE EROI behaviors somehow economical?

Are you an idiot?  Perpetual motion devices do not become profitable even at $1M a copy, dude.  Solar panels don't create themselves...you cretins CONTINUE to assume the sanctity of MONEY when MONEY sits atop energy.

And VOLUME does not directly cause an increase in MARGIN!  JFC, are you incapable of getting this?  As if because something returns 1%, if we simply do more of it, it will start returning 5%?

Feb 25, 2011 6:59 PM

Who gives a shit about your opinion?  You've proven time and time again to be a moron with magical thinking on this topic.  You make so many elementary errors that you should be embarrassed.

So fucking what about all these effing opinions? The vast majority of them are WRONG and aren't worth the bits they occupy on some hard drive somewhere.

As oil becomes increasingly scarce, its price will necessarily rise.  This WILL NOT MAKE EROI negative behaviors suddenly economical.  As oil becomes scarcer, it will NOT make the EROI of solar or ANY OTHER SOURCE OF POWER increase.

Your brand of ignorance is dangerous, because you lead idiots astray with your pollyana cheerleading.

Feb 25, 2011 7:03 PM

Export Land Model is the hell close behind the Horseman of Peak.

Feb 25, 2011 7:10 PM

..ain't that the truth.

Feb 25, 2011 7:15 PM

you could, um, read that 1st link and see that what you say isn't even remotely accurate

Feb 25, 2011 7:16 PM

so, the banks will be made whole on their muni bond holdings as AIG is again used as a gigantic money conduit to wall street

Feb 25, 2011 7:24 PM

sigh...I'm amazed there are any other elements in the universe.

Feb 25, 2011 8:49 PM

5x the reserves for 1/5 of the production rate...welcome to Peak Oil, pal

Feb 25, 2011 8:54 PM

sure...you want an example of idiocy in play?

Helium is the 2nd most abundant element in the universe.  Basically infinity cf of the stuff.

Yet helium production here on earth peaked in '02.  Go figure.

Feb 25, 2011 8:57 PM

with each passing moment, you make yourself more my servant.

Feb 25, 2011 9:08 PM

It is unavoidable...it is your desssstiny

Feb 25, 2012 12:23 PM

Buffet is a moron.  Gold produces NO DIVIDEND people.  These days, neither do most financial assets.  Including most gov't paper.

And this compounding...LOL.  Buffet still thinks we are going to grow grow grow.  At this point, he knows he'll be dead long before the proof ever manifests, so he can afford to just tout the optimistic line.

Feb 25, 2012 2:51 PM

start squeezing those greeks into juice

Feb 25, 2012 2:53 PM

huh?  The Germans' pensions depend on the greeks paying back the money they borrowed.  Greece is a DEADBEAT STATE, got it?

Squeeze them hard and take the oil that comes out and sell it for use in asphalt

Feb 25, 2012 3:34 PM

this is the most ridiculous piece of hyperbole yet.

Nazi gov't takeover of Greece?  WTF?

Greece SHOULD be taken over as it is a deadbeat state.  Would do it some good.  those lazy greeks have spent way too much time lounging in cafes spending someone ELSE'S money.

Feb 25, 2012 3:40 PM

maybe deadbeats shouldn't borrow money.

Listen, idiots, wtf happens if you borrow money from the MOB and you don't pay?  Do we sit around and fucking sympathize with you?  Oh boo hoo hoo, screw the mobsters?  Don't TAKE the loan.

The greasy greeks have been lounging in cafes sipping espresso for a decade on the Germans' tab.  It is time for them to pay up.

Feb 25, 2012 4:08 PM

yeah, I've personally had enough of high technology and precision products, along with cars that run well.  Britain and the USA and their banking clans have been what is the disaster.

Feb 25, 2012 4:10 PM

maybe the slimy greeks should have focused more of this fighting spirit on PRODUCING something instead of enjoying the fruits of others' labors

Feb 25, 2012 4:12 PM

yes, because the Greeks are TOTALLY innocent of anything!  The EU just forced them to borrow a bunch of money and never pay it back.

ZH is full of ghetto monkeys.

Feb 25, 2012 4:13 PM

nothin's too good for them!

Feb 25, 2012 4:19 PM

what a total crock of shit.

The truth is that the public debt of Greece was being LIED about by slimy, greasy greeks for a decade.  Now the truth is out and they are going to claim it was the Germans' fault for shit.  Germans have been getting scapegoated for a century.

Think about it...what other nation hasn't been beholden to the zionist clans for the entire 20th century?  Russia only recently broke away from them after 80 years of domination, the UK and US are still under the thumb of Redshield and FRB, Wall St and the City.

Germany's high crime was repudiating The Warburg Plan, I mean Versailles Treaty and striking out on its own when people like jacob schiff in the West was funding the Bolshevik revolution by his cousins in the east.

What needs to happen here is not German enforcement of usury, but the Germans and greeks should combine to attack the City of London or something.

Feb 26, 2010 1:14 PM

Jeezus, I need to run out and buy as big a house as possible so I can default immediately, then.

Anything for illusory "growth" in consumer credit, eh?

Feb 26, 2010 1:17 PM

This is awesome!!!!

I want to see Germany invade and make the Greeks their bitches.

Feb 26, 2010 3:30 PM

Another single dad here.

She only got her money, shared custody state.

She ended up dropping them off at the curb, broke, evicted, addicted.  Thank goodness for 2008...but my plans were still set back, lord...decades because of her

Feb 26, 2010 6:01 PM

Friedman is a jew, meaning of middle-eastern origin

Feb 26, 2010 6:08 PM

I got mine a couple of years ago, at 8 and 10.  I'm more worried about them than I am about myself.

Don't really wanna get married because American women are toxic.  I am good enough looking and cool enough to still have girlfriends but it's tough, it really is, because most of them are just not settledown material.  I totally know what you've been through.  Sometimes there are some bad stretches, either because of bein alone or because of work.  Nobody in the professional world these days wants to hear about single parenthood, everybody seems to have their own needs and wants and expect you to meet them.  My eldest was late for school a few times, I guess he rides slow or somethin on his bike and the school social worker is calling me wanting to do a meeting during the day about it...I am like don't you have something better to do than make trouble over tardiness to what isn't even a real class?  And, so what, I am supposed to leave a job that expects me to be there till 630 regularly and pay the tolls and gas to come all the way back home on account of this?  But they don't wanna hear it anymore than the job does about early releases and "teacher work days."  I guess they figure everybody can afford a freakin nanny.

I agree with you and have utmost respect for your principles.

Feb 26, 2011 1:41 AM

it appears that that has plenty of company

Feb 26, 2011 1:41 AM

let's go over that for a second again.

Big oil knows about Peak.  That is because every single well they have ever drilled, every collection of wells called a field, et cetera, has peaked and declined (ok, some are still on the plateau but you get my drift).

Consequently, Big Oil is about as safe right now as a dinosaur at the KT boundary staring at a big burning fireball in the sky and going rawr.  As oil production dwindles, revenues and profits will dwindle for big oil; it's inevitable.

If they want to have any relevance as companies going forward, they will have to be the ones who produce energy.  They are not married to oil; it just so happens that oil is really that much better of an alternative than unicorns and magical thinking.

The proof is in the pudding.  If you could produce hemp at $5/boe you would CRUSH SKULLS of muthafuckas in oil boardrooms.  They could not stop you.  You could charter a company to do it somewhere- energy is the power of GOD, get it?  With that much hemp, not only could you get righteously roasted but also smelt steel to your heart's content into mighty battleships and all the rest of that.

Nobody is powerful enough to suppress an idea such as this and big oil would be trying to own it as they have no future once supply begins to wind down.  JFC, they are struggling as it is to even hang onto current reserves against a wave of nationalization.  OXY lost 9% of global reserves and 3% of annual production just on Ecuador.  They have NO power, really when you look at things realistically.

Feb 26, 2011 1:46 AM

my spectacular genes would merit me a seat but surely it'd be too crowded with their mediocre offspring

Feb 26, 2011 1:54 PM

don't worry about it.

This argument over peak oil to me is utterly laughable.

The reason I say so is that there are other things which have hit production peaks.  Helium is abiotic and the 2nd most plentiful element in the universe, yet production of it here on earth peaked in 2002 and is now in decline.

It seems very clear to me by analogy that we cannot depend upon the reserves of He in the universe at large for our production, anymore than the methane on Titan proves there is no theoretical upper boundary to our production rate of hydrocarbons.

Production rate cannot run to infinity even if reserves are infinite.

Feb 26, 2011 1:59 AM

and the masses rally around the chief and his cronies because they would rather believe his lies about how everything is fine.  Even when they see him loading up his boat to sail away, they cling to denial.

In that way, we have the most appropriate President EVER for the times we face.  We went for the gold trim package president, the silliest, most trifling guy imaginable...a continuation of a trend running for a couple decades now.  The nation has a silly, denial mentality where basically superstition and magical thinking has been elevated to a religion.

Feb 26, 2011 2:00 PM

google the quote

sooner or later you will just give up on being nice; it's fruitless.

One of the corollaries of the Downing Effect, now, is that the ego of the person shown their own incompetence leads them to reject the evidence of it.  Ragnarok is unusual in that he admitted error.

Feb 26, 2011 2:10 AM

yeah, sputnik was the russians' satellite lol.  A great moment in US history for sure.

Let me just talk about NeObama- he's a triumph of the goals of the diversity cult.  He was elected as part of a fetish to absolve the guilt by a mass of white people who, even if we DID accept "sins of the father" have no historical relation to the slave trade.  Even fuckin FARRAKHAN has scholarly literature discussing how jews were in most cases primary movers in the slave trade, so much so that in brazil on jewish holidays, the slave auctions were not held for lack of buyers and sellers.  He claims that among nations, France, Holland, Portugal, Spain, and England were the primes, which lets off the hook, oh, only the MAJORITY of white americans on basis of national ancestry alone (Germans are the largest caucasian ethnicity here with large amounts of scandinavians as well as slave peoples like Irish and Scots).

Obama was to get a black President, to slay the dragon of racism, which the diversity cult holds as the greatest obstacle facing life on earth, even greater than the Precambrian dieoff or errant comets.

So who should EXPECT anything from a guy intended to be a token other than token behavior???  The motherfucker wasn't elected on merit, never at any point in his entire sorry coke-snorting, cockmunching life has he ever shown merit sufficient to warrant his position.  He's a fucking TOKEN in the purest sense of the word, and the avatar of a movement which does not care in the least about progress, mankind, truth, or things like sputnik.

The constant bombardment of the US majority with messages that are patent lies has led to a state of total cognitive dissonance and has deified bullshit and appearance.

Don't expect anything from a nonsense President other than nonsense.  And don't expect much from a populace that came of age in a climate of limitless prosperity to detach coldly from their silly, asinine fetishes.

Right now, we need to be cutting funding to schools and cutting the kids who perform poorly loose and focusing on those who do well.  But this will not happen.  The diversity cult and the insaniacs behind it will defend their imaginary world to your last drop of blood.  Really, this nation will have to go through a civil war which will undo most of what we stupidly thought was social "progress" in the last 40 years if we are to survive.  I'm not holding my breath.

Feb 26, 2011 2:14 AM

Downing Effect.  They do not grasp that they cannot grasp.

There are a few intelligent people here; we all immediately recognize who knows anything as if we have the Force.  Those who have inferior intellects, while still perhaps being above average, are not capable of making such a recognition.

Feb 26, 2011 2:14 PM

Are you talking to me with this false dilemma shit?

You're aware there were other candidates on the ballot, right?  I did not waste my vote on a major party candidate.  I voted for sanity and real change.

Feb 26, 2011 2:16 AM

you may wish to consider the causes of death of nuclear pioneers who used to fuck around with small amounts of this shit.  Oh, and have some Borax handy in a bucket with a rope

Feb 26, 2011 2:21 PM

I refrain from opening my mouth to express uninformed opinion. I assess statements for their veracity prior to contesting them.
Therefore, people who agree with me tend to be as right as I am.
It is the height of idiocy (Downing Effect/Dunning-Kruger) to assume that all things are somehow matters of opinion, and that uncertainty as to one's opinion somehow makes the TRUTH unknowable. Opinions can be dead wrong, even if some of them (existence of God) cannot be proven

Feb 26, 2011 2:23 PM

this paradox can only be overcome by iron-fisted rule.  I nominate myself for that role.

Feb 26, 2011 2:31 PM

um...anyone who studied basic mechanics as a frosh knows that electrons drift at mundane speeds in an electrical circuit

Feb 26, 2011 5:07 PM

I've heard this plane is junk...the F22 was great but this is supposedly a dog so far compared to competition out there

Feb 26, 2012 1:14 PM

lol...sounds like a plan!!

Feb 26, 2012 12:14 PM

"designed"?  LOL.  no.  It was designed to get a little vig off of every dollar in play.

You "perpetual conspiracy" moonbats make me laugh

Feb 26, 2012 12:16 PM

we borrowed from ourselves in our own currency.

And YES.  The people got the government that did what they wanted, all across the country.

Feb 26, 2012 12:19 PM

the slimy greeks were all too happy to take the loans and to spend a decade on vacation.

Corruption is everywhere.

Feb 26, 2012 12:22 PM

wtf...the cold war was with the USSR.  maybe our banking clan shouldn't have been funding them

Feb 26, 2012 12:41 PM

that was a pretty credible imitation of his usual false dilemma fallacy

Feb 26, 2012 2:10 PM

no shit, really?  Wyoming is landlocked???

Feb 26, 2012 2:37 PM

the earth really is 6000 years old and all those dinosaur fossils were planted by the debbil

SAYBS ME JEEBUS

Feb 26, 2012 2:38 PM

sprayed what

Feb 27, 2011 10:10 PM

nevermind that certain species indigenous to places Noah couldn't sail would not have gotten there.  Nor that there would be no surviving freshwater species.  Most insects also gone.

I still can't get a cogent explanation for where the water came from either.  Or where it "receded" to.

Feb 27, 2012 1:13 PM

buy it ALLLLLLLLLLL

Feb 27, 2012 1:16 PM

PWNED

Feb 27, 2012 1:30 PM

it is necessary to crush Iran's economy due to Export Land Model.

It will become necessary to crush KSA's in the future.  The internal consumption metrics of these nations make the world oil supply picture utterly untenable.

Feb 27, 2012 1:34 PM

CRIMEX is an EXCHANGE, ok?  They are not on the hook to deliver, the SHORTS are.

Feb 27, 2012 1:36 PM

subscriber count for doomer bloggers is evaporating maybe?  So, he'll tell us all something we've already known and talked about for years here?  Hoping to drum up more people willing to part with money for advice to short SPG?

Feb 27, 2012 12:15 AM

UK is a wanker state filled with a bunch of suicidal twits.  WTF, they have existed for a long time as a frickin financial parasite and had no other real industry to speak of.  Now the financial racket is in decline, the country is collapsing.  Maybe all those africans they imported for the diversity will pick up where the wankers left off LOL

Feb 27, 2012 12:21 AM

DATS RAYCISS

Feb 27, 2012 12:25 AM

and the whole country is full of wankers.  Everytime oversees I see a brit I just laugh at them, such pussies and self-hating liberal idiots.  They invited half of africa to come to their island thinking what, that all that Lord Napier shit was some kinda misguided colonial era supremacism?

The UK got infested right in the heart of london long ago by the King of the Usury Clan

Feb 27, 2012 12:26 AM

Peak oil already happened, genius.  So throw that little "theory" out.

Feb 27, 2012 12:29 AM

just for shits n' giggles, what is the dominant group at the EPICENTER of this cultural shitfest and the one in the east?

Let's see here, entertainment and "high finance"...who's known for that shit?

Feb 27, 2012 12:31 AM

they will only show footage on RT where they laugh at PC

Feb 27, 2012 12:50 AM

ferraris don't hold their value like gold these days.

Paradoxically, when F got their cars out of the shit ditch after the 348 (in response to getting blowtorched by the japs with the NSX), their long term collectability went in the opposite direction.  The 355, modena, 430, and now italia are pretty brilliant cars, but really just commodities any longer.

Feb 27, 2012 12:57 AM

there were plenty of people who were top calling at 49.

Others were saying "$60 by next week" and even junking anyone who said to exercise caution.

Let history stand as the judge.

Feb 27, 2012 7:52 PM

Is is Silver?

Feb 27, 2012 8:00 PM

uh no.  Far more than half of the "students" have no fucking business being there.  They are wasting money to have effectively an extended party.

They graduate with degrees in "African American Studies" so they can tell us how idiots like Jose Hustle go on Youtube to brag about how they "been had polo" and that this is a "feature" of "African American English" and part of the oral tradition of black people making utter idiots out of themselves.  Well, they don't characterize it like that, they praise this materialism and braggodocio instead of calling it the buffoonery that it is.  And all because they "studied" for four years how awesome black people like themselves really are.

They are wastefully employing tons of useless idiots to teach them useless shit.  They really OUGHT to be taking out loans to pay for some smart kid's engineering education as that latter kid is the only one of them that will ever be even vaguely productive.

The kids who studied this shit are stupid.  They should pay.  Kids who studied STEM should get welfare.  For a fucking change, let's let the people who CREATE EVERYTHING have some rewards instead of the goddamned leeches.

Feb 27, 2012 8:01 PM

the payrolls of public universities are often publicly available.  Random campus cops make 150k.  Professors of some such shit get well over 200 in the Illinois system.

Feb 27, 2012 8:05 PM

so she's a teacher...SOMEONE has to pay so that fucking police officers and firemen can earn 200k to jack off all the time, so government workers can be paid to not show up and so we can have entire agencies staffed to the gills with black people for "diversity."

Your friend is one of the ones who pays.  Either GTF over it or join my side.  Repudiate all the stupid silly liberal shit you believe and accept the truth.

Feb 27, 2012 8:14 PM

there's nothing you can do to stop it.  Take as much as you can without guilt.  Let the silverbugz and deflationists sit around and whine as they get left behind

Feb 27, 2012 8:16 PM

are you stoned?

STEM is what, 5% of all degrees?  What you said is totally true about most of the rest.

JFC, wtf do you have to say about lesbian or womyn studies courses?

C'mon you must be capable of resisting the urge to reductio ad absurdum and commit logical fallacies so numerous even cliff would blush.

Feb 27, 2012 9:32 AM

this is idiotic...silver is nowhere near as value dense as gold

Feb 28, 2011 12:36 PM

MOAR OILS PLZ

Feb 28, 2011 12:38 PM

Charades, bitchez?

Feb 28, 2011 12:53 PM

good thing we have those useless carriers.  I saw a chinese military video showing a new weapon they had which sucked CVNs into a big time vortex...scary stuff

Feb 28, 2011 2:39 PM

oh jeez, more muslim boogeymen from JewStreet analysts...lol

Feb 28, 2011 4:43 PM

Coulda told ya...bitchez

Feb 28, 2011 9:22 PM

which existing fields?  The more recent the field, and the deeper the water, the sooner to peak and steeper the decline.  If it's Cantarell, shit, hail mary for only 7%.

As for XLM, here's how it will play out...oil available for import will vanish.  You either take paper for your barrels and face riots or you try to placate the public that will hang you.

How long could ANY sovereign hold out if they are "selling" the oil for our dogshit paper?

Feb 28, 2012 10:13 AM

this randian crap is all very well and nice but markets don't regulate themselves.

What we are seeing now IS how markets self-regulate.  Powerful actors act to exclude competition and hoard capability.  It's really an evolutionary mandate.

There NEVER WAS a free and orderly market.  I have no clue where Tyler or any of the rest of these people...maybe this springs from their collective disillusionment at how utterly bullshit it all was...no clue where they come up with this fantasy that things were ever going the right way.

No sooner was this country founded than people tried to subvert it.  Only people acting with effectively religious zeal had the steadfastness to resist the corruption.  The times when there were "principles," were the times when people held thoughts that you morons collectively view as tantamount to naziism.

Feb 28, 2012 10:14 AM

wtf is gross talkin about with that "handsome guy" shit?  Ewwwww

Feb 28, 2012 11:21 AM

I bid $10B at -5%

Feb 28, 2012 11:25 AM

no it isn't.  There is nothing that IS money.  Money is operationally defined via consensus.

There are a lot of good reasons to buy silver and some good ones not to.  None of these are because it "IS" money.

Feb 28, 2012 11:26 AM

maybe a few hundred years ago...now, silver is a metal used for designer jewelry and industrial purposes.

Feb 28, 2012 11:27 AM

Voluntary haircuts for everyone!!!!

Feb 28, 2012 11:40 AM

Teller's smart...I have arguments with Murkins all the time who think that all these false choices we have equate to freedom.  We're not free just because we can select from 500 channels (of garbage) or pick between 2 candidates from effectively the same party.

NeObama's rhetoric notwithstanding, he presented such an appealing false choice precisely because he didn't look the same as the typical menu fare.

If you step back and take a look with a detached eye, you can see that the USA is no longer particularly free at all; there is some kind of iron rule on everything.   Don't smoke here, don't speed there, don't ingest this.  It's a nanny state.  You are free to move around inside the metal tube but only when the captain turns off the seatbelt sign and only in approved areas.  DO NOT approach the edges of the envelope.

There are any number of analogies; a rat in a cage is free to move around within the confines of the cage.  Our cages are continuing to shrink.

Feb 28, 2012 11:45 AM

then RP should run as an independent and should be expected to LOSE because the Democraps and Repugnicons are the ones who combine to count votes in a BIpartisan manner.  Note that I did not say TRIpartisan.

The system makes an institutionalized false dilemma for the morons.

Feb 28, 2012 3:02 PM

it means if you put a POST 1964 quarter in, the jukebox will still play.

That means that some money IS silver.  Silver IS NOT money in the absolute.

Lots of things are money...tally sticks lasted longer than any other fiat system and were inarguably money.  In a twist of irony, they formed the initial capital of the bank of england.

Feb 28, 2012 3:05 PM

So do a lot of things.

Picking on silver?

WTF is wrong with you people that you are anthropomorphizing a fucking ELEMENT?  Stop emotionalizing; what I say is true.

Gold IS NOT money.  Platinum IS NOT money.  By all caps I mean that the definition of money is not either of these things and the set of money and the set of AuAgPt are not coextensive.

A criterium is a bike race.

Feb 28, 2012 3:11 PM

FRNs are money.

All of you idiots can chant together that they aren't and it WON'T make it so.

As to the guy who said air is only defined by consensus...LOL.  No.  We can agree on how to describe air, but air is air irresepective of whether we called it yomama or air.  It's the same thing.

So is money.  Gold and silver can BE money.  Throughout history, MANY THINGS (you fucking idiots) have been money.  Sticks.  Stones.  Shells.  Copper.  Iron.  Pieces of etched wood.  Cattle.  Pussies.  And paper.  And even credit and units of computer account.

Stop being fucking stupid; it's annoying.

 

Feb 28, 2012 3:12 PM

how is this in ANY WAY responsive to what I just wrote (which was a true statement)?

Can you fucking morons separate yourselves emotionally from your fucking silver?  JFC.

Feb 28, 2012 3:13 PM

You on crack?  "the money of the people" connotes far more than "people used it as money."

Or are you just effing STUPID?  Wait, I already know the answer to that.

Feb 28, 2012 4:19 PM

huh?  Oil makes food and shit run.

Gold is shiny.

Feb 28, 2012 4:24 PM

aapl has 100B in cash, it's a cash machine.  There are tons of people willing to line up for days to buy their shit.

An "excessive" market cap is presently justified.  Until the trend sours on them, it is what it is.

Feb 28, 2012 4:46 PM

you're assbackwards, but wth right?

Feb 28, 2012 4:49 PM

just wtf exactly are they gonna do, protest and vote for more oil?

Feb 28, 2012 4:51 PM

so are a lot of other things

Feb 28, 2012 5:21 PM

like they could launch a fuckin single plane without our knowing it...we have AWACS all over the region, nevermind terrestrial radar and satellite

Feb 28, 2012 5:22 PM

i so totally mark for that pouty jappy look tho lol

Feb 29, 2012 1:10 PM

I feel ya lol...the techs just didn't scream short like at 49...they were not only screaming at 49, they were using profanity.  I shouldn't have waited for a perfect setup and instead should have gone for a high probability setup.

Feb 29, 2012 1:54 PM

but the ultimate bitchslap was how the bernank made that silver coin worth 10% less FRNs in the span of 10 minutes

Feb 29, 2012 1:55 PM

Not if they own silver today LOL LOL

Feb 29, 2012 11:16 AM

clan tactics for financial domination....use your cousins who run the banking system to "borrow" at favorable rates and buy up everything.  buy up hard assets, buy up business, buy up countries, hell, even force a hyperinflation, blow up all your own liabilities while retaining all your claims to assets

Feb 29, 2012 11:59 AM

shit is off massively now, gold down 52

Feb 29, 2012 12:31 AM

did you really have to make him dig his own grave like that?

Feb 29, 2012 12:32 PM

for fuck's sake i was gonna short SLV yesterday, started looking at the ST put option chain on that bitch

gold off 67, silver 2.18...correction now -69, -2.82

Feb 29, 2012 12:41 PM

other chartists saw multiple closes outside the upper BB and recommended profit taking at yesterday's close.  I could point you to them.

I saw the same thing, was thinking of shorting it yesterday as well but the price wasn't as overbought as I thought warranted an aggressive short position despite the tech indicators.

Turd was just flat wrong and dreaming.

Feb 29, 2012 2:46 PM

yes, this is why that apocalypse happened on 2/7/12...or was it 1/8?  Fuck, I am still recovering from it so I can't remember.

Feb 29, 2012 2:49 PM

beep beep beep...shit in reverse, bitchez

Feb 29, 2012 3:02 PM

who the fuck is bob?

Feb 29, 2012 3:50 PM

nice convergence between Pt and Au...another $30 and they are back at parity

Feb 29, 2012 3:55 PM

it'd be the African State

my recession indicator is clubgoer population

Feb 29, 2012 4:36 PM

and moron.

gold down 80+ now...brutal.

Still no evidence that I can't get silver right at/near spot.  In fact, during this whole "decoupling" that cliff mosely-yun-lareah-claven has been bleating about, we have people on ZH posting about where they've been consistently getting silver basically at spot.

Feb 29, 2012 4:40 PM

hey man, nobody is more pissed than I.  I took a look at some TA suggesting silver was time for profittaking...I agreed with that.  The technical case didn't look compelling enough for me to go short, but I did actually punch up SLV and the options chain on AMTD yesterday, plus the chart just to see where i thought it was.

Saw overhead resistance and some pretty bullish moves but nowhere near the overboughtness that it had for a LONG time en route to 49.  Just wasn't feeling it.  Mistake, I agree.

That's the difference between me and Turd...I don't just randomly feel the need to speak if I have nothing to say that I have no basis to have confidence in.

Feb 29, 2012 4:52 PM

welcome to how Peak production works in the real world.

My best peak analogy is fruit on a tree...you spend energy climbing and you receive energy by how much fruit is at that level.  Eventually, you reach a point where it costs as much energy to get up the tree as you get from fruit at that level.  It doesn't matter how much more fruit is higher up.

And you have to wait a long time to mine that tree again.

Feb 29, 2012 5:04 PM

Silver got absolutely crushed too.

Did Pt hit parity there for a second or was I daydreaming?  My DGZ is rockin it today lol

Feb 29, 2012 5:58 PM

I am long Pt short Au in paper, bud.  I said that a month or two ago.

WTF is the matter with you...who cares if you own physical or not, FRNs ARE STILL MONEY.  Make as fuckin many of them as you can and buy whatever floats your boat.  I have said this many times, I do not care what you stockpile to preserve your wealth, you can choose the paper notes of bankrupt States, you can choose barrels of oil, bars of gold, junk silver, pussies, land, whatever man...fuckin negative interest rate loans to insolvent institutions (savings account) if you want to.  It's your business.

WTF do you want, a fuckin echo chamber?  You "freethinkers" are stupid, you come here for "knowledge" and then immediately turn around and try to squelch dissent.  seriously, wtf?

Why WOULDN't someone short gold if they were sure it was going to drop?  It's free money.  You people and your religions, man...make me laugh.

Feb 29, 2012 7:08 PM

what's so hard about you shutting the fuck up and fucking off?

I've heard natty a zillion times for NG.

Feb 29, 2012 8:37 PM

never tell anyone to buy anything.  You can feel free to tell them what you are doing but NEVER give anyone any advice.  They'll only blame you for everything.

Feb 29, 2012 9:34 PM

let him eat fist!

Feb 29, 2012 9:39 AM

Spain and Italy?

gonna find out how stupid it was letting greasy countries like greece issue bonds in euros. 

Feb 29, 2012 9:51 AM

been idiotically missing good entries on Fortuna for a couple years...originally looked in the high 2s

Feb 3, 2011 1:36 PM

Monetary (credit) creation is continuing as if the real economy were growing with it.

The problem is that all of today's debt required tomorrow's growth to support it. The growth isn't happening.  The monetary system wants to unwind into a deflationary implosion.

So instead of monetary reform, we first get attempting to continue credit growth.  See, credit can't just stay static because it carries compound interest drag.

As far as plastic rice, what the fuck that's NOT counterfeit and toxic comes out of China?  That SciChannel show "Idiot Abroad," I'm beginning to think that all the "other cultures" people in the UK are the idiots.  This guy goes over there and plainly says wtf to China.  He sees people eating scorpions and cockroaches on sticks in unsanitary open markets, people shitting with no TP, basically a complete lack of real civilization, superstition everywhere.  In India, he sees people worshipping cows and brushing their teeth with cowshit.  So far I have to agree with the Idiot and I see nothing to revere in these cultures.

We should be thankful for what rule of law we have left that prevents the sale of plastic as rice.  At least our lawyers are good for something in that regard.

Feb 3, 2011 1:40 PM

I thought peak oil was just a religion.  I thought that oil production could grow forever and that there was "plenty" of oil

Feb 3, 2011 1:45 PM

I don't see very many actual lies there.

2011 has been hotter so far in terms of "recovery" metrics than '10.

UE initial claims have been trending down.  Don't infer from this that UE is trending down.  He didn't say that.

"Overall" inflation aka CPI is low.  QE did ease the financial condition which was the impending implosion of the FRN financial system.

So, all told, I see nothing but nominal truth out of the man.  And if we measure our dicks the way he measures everything, we're all packing 14"

Feb 3, 2011 1:47 PM

Provide an alternative to his policies.

The money system we use didn't provide any.  Allowing it to collapse or suddenly switching to a new one?  Revolutions ANYWAY.

Feb 3, 2011 1:57 PM

wrong and wrong.

BB is a fish in a bowl.  The bowl is the credit-based monetary system stood up 100 years ago in this nation, and 400 years ago in Britain.  Anyone who took a critical look at how money works in this system would have known that a failure to grow of the aggregate economy would have tended to prevent implosion of this monetary system.  In fact, this is precisely what happened in 1930.  Bernanke is doing what would have worked then and DID work then, devaluation and inflation.

The critical difference between now and 1930 is that the prospects for global economic growth are now constrained by energy supply issues in the aggregate.  BB probably doesn't know much about this.  As an economist having grown up in this fishbowl of monetarism and silly economic "theories" masquerading as science, he is relying on "the market" or others to come up with the supply to meet the demand.  He's printing money on Easter Island expecting more trees to manifest to meet the demand.  Because that is how economists are convinced that economies WORK.

Well, they are partially true in this belief- that is how economies HAVE worked and DID work in growth climates not constrained by the lack of underlying physical resource growth.  Economics HAS for 400 years really kinda been ABLE to "print" water and "print" oil and "print" food. It actually has worked that way in a manner of speaking.

The problem now is that there are no more undiscovered countries left; we've hit the edge of the island, filled the bottle.  We're at a sigificant GLOBAL maxima and he can no longer print supply through monetary measures.  He probably has some measure of denial that the sad wings of destiny bore him to the chairmanship at this epoch, but then, collectively humanity seems to share his denial of it.

Really though, it was foredestined to occur at some point.  We could not have grown forever.  At some point, reality's assertion of headroom constraints on continued growth was inevitable.

Feb 3, 2011 12:59 AM

Is the effing White House gonna SAY somethin?  Or are they going to cede the pulpit to random Senators?

Feb 3, 2011 2:04 PM

Did you intend to refute my assertion?  Because, if so, you have done a very poor job of it.  Your pink line IS trending down since August, very clearly.  It's 5:1 down versus up, establishing a trend in the downward direction.  It will take longer than one month's data to demonstrate a reversal of trend.

Don't confuse me with somebody defending BB's statements on the "spirit" of the law versus the letter.  I am merely saying that his statements appear to be nominally true, if overtly misleading.  Having been an attorney, I am well-versed in making only those statements that tend to corroborate my position.  BB, as a politician, is merely doing the same.

Let us not accuse him of lying, let us marshal the facts which support our own case on the merits.  UE initials are trending down but aggregate UE is utterly unaffected by it.  2011's metrics are better than '10s but the overall trend is still downward.  "Overall" inflation is low because the overall measure is flawed.  The economy "may" worsen and this appears at least as likely as it "may" improve.

Feb 3, 2011 2:11 PM

you should, you should.

The end of the banking system means the end of the world as we know it.  Sure, there's another world out there waiting in the Undiscovered Country for us.  But it will not be without massive changes in everything.

The Great Depression was what happened when they did not print.

Look; the monetary system chosen cast the die for us...there is no way out of major pain at this point.  Just the fact that we won't have 130mbpd in 2035 to let Chindia get to per capita consumption rates commensurate with the 2nd world is enough of a WTF shocker that it should provoke an uprising.

The American Dream is not happening globally and this lack of a better "future" is a major mellow harsher

Feb 3, 2011 2:14 PM

nonsense.  No change that major is accomplished painlessly.

There would be winners and losers.  Anyone not in debt would be a loser.  Anyone who lent money would be a loser.

Stop viewing reality through gold-colored lenses

Feb 3, 2011 2:18 PM

Iceland is full of civilized white people.

No, I do not care if I offend the diversity police by saying this.

Expect DIFFERENT outcomes from disasters depending upon the race of the population occasioned thereby.

Feb 3, 2011 3:20 PM

race/ethnicity correlates to IQ.  white black hispanic asian jewish kurd arab slav, all have different IQ bell curves.

Interestingly enough from a diversity perspective, a lot of organizations (public) are now no longer counting asians as minorities, despite their being like 4% of our population.

They apparently aren't the right kind of minorities.  The US #1 public highschool counts 4% minority enrollment despite an incoming class that is 40+% asian.  Similar trends exist at major technical schools like MIT or Caltech.  Welcome to the brave new world my slanty eyed friends, you don't qualify as minorities.

But to address your point, they sure as hell would notice when the things they were accustomed to were suddenly gone.  This lifestyle we lead REQUIRES well over 10mbpd of imported oil.  If you took the FRN away from us, the power of the USD hegemony, do you really think we could afford that?  Remember, we eat oil these days.  We translate oil calories into food calories through industrial petrochem agriculture.

Feb 3, 2011 3:26 PM

there's a lot of things the government could have and should have done.  I have said many times that the Clitton Presidency was the worst ever because at a time of oil glut and strong dollar we could have printed our way to rooftop solar panels, nuclear power via PBMR, and a variety of other initiatives that would have at least given us the surplus electricity to have examined the whole electric transportation and H2 path.

Nevermind the utter failure to invest in technological advancement beyond fiber ethernet everywhere.  That yielded dividends, but in terms of fuel cells, propulsion systems, you know, all the shit we rely on oil for, we went in the opposite direction toward more consumption.

Feb 3, 2011 3:37 PM

Look; a gold backed currency will not resurrect Cantarell.

You can beat your gold into a calf and pray to it; won't make a shred of difference in the outcome.

Real things are driving this collapse, not human artifices like money.  We had a 400-year growth run, but all things end.

If we are serious about "change" there will be a lot of stuff needing to happen that will be wholly unpalatable.  I mean eugenics, massive population attrition, the end of a lot of silly egalitarian fetishes, government resembling voluntary marxism, etc.

We are facing a sinking luxury liner and lifeboats don't pilot well on group consensus.  We are facing an era of Contraction.  For those in the EW persuasion, the industrial revolution and the period since the renaissance are upward waves that must be retraced.

ALL depends upon whether we can come up with a new energy supply that can grow.  Nothing else matters.  If we assume that it is likely that we cannot, we have two choices.

This is straight out of Bartlett- either WE take some choices from the right hand side or we let nature pick.  Nature stands ready with the Four Horsemen; I propose a more humane outcome.

Either way, these are painful choices.  It will not be easy for people to hear that they cannot reproduce at will or consume as they see fit.  But, if we simply whistle past the graveyard, EVENTUALLY, nature will make these choices for us, as inexorably as they were made for Easter Islanders.

Feb 3, 2011 3:52 PM

GD1 was minor.  Really, a few years of retraction of a massive credit orgy then a relatively short war.

There wasnt a whole lot of oil and open frontier for Germany and Japan, bud...that's why they fought and lost.

America is not the entire world; had the banking system not been credit based, our "depression" would have been so unexceptional that it would, like the previous panics, not even been worthy of mention in social studies texts.  However, this depression isn't being driven by monetary forces.

I agree insofar as you make reference to groupthink; we very clearly have become totally accustomed to growth as an uninterrubtable entitlement.  That is precisely why this epoch will be so inimical to painless transition.

You go and tell 5B people that they cannot have the American Dream because there simply never will be enough oil production to give them the cars we drive.  See how they take that.  While you're at it, tell the average USian that this upward march of prosperity is over for them too.  The truth doesn't sell well, does it?

Even around this board, we see cognitive dissonance and denial abundant.  As I said, straight from Bartlett- either WE choose or eventually nature chooses for us.  There is no escape from the immutable laws of math.  Nature has in its arsenal the Four Horsemen of the Apocalypse and stands ready to unleash them should we go too far in overpopulation, pollution...in GROWTH.

Nature has unleashed these riders on so many species that they are uncountable in their numbers.  Every single time a species tried to grow beyond what was possible, they rode out with a scythe, even to the point of annihilation, extinction.

Fortunately, destiny has afforded us the luxury to choose whether we will manage our contraction or have it imposed upon us.

Feb 3, 2011 4:07 PM

I knew it all along- he's doing it for the children

Feb 3, 2011 4:21 PM

read it again

Feb 3, 2011 5:48 PM

no.  Egypt is not the first place to ever collapse.

The water will keep running out of the tap, just as it did in Argentina.  If you can drink it now, it'll be ok then.

everyone has water here and the white men will continue showing up at the treatment plan after the "collapse" just as they did in the USSR and everywhere else, doing their duty.

This is not Egypt.

Feb 3, 2011 5:51 PM

Huh?  Did USSR and Argentina not happen?

Egypt is hardly unique.  Ferfal has been around for half a decade and Argentina is still in collapse.

The water still runs and the lights are still on most of the time.  The USSR saw the same type of outcome.  The white men who comprise the vast majority of engineers will do their duty and continue to go to work.  This impulse is why we have historically had advanced and cohesive societies.

THANKFULLY, we have a preponderance of these evil white men as our water treatment engineers and power plant engineers and guys who fix powerlines.  They will stay going into work and the water will run and the lights will be on.  Therefore, no madmax

Feb 3, 2011 6:03 PM

Krieger voted for NeO.

Krieger's just sayin the same shit as a handful of posters on TF

Feb 3, 2011 6:06 PM

we're IN the collapse. The collapse of Rome took centuries.  Ours may take a long time too.

Expecting some sudden eruption of a new zeitgeist is unwise

Feb 3, 2011 6:14 PM

in McCarthy's defense, it turned out that a lot of the people he was accusing of being communists did in fact turn out to actually have been communists when the files got released decades later

Feb 3, 2011 6:22 PM

so the fact that, like, the municipalities are totally insolvent is not a defense for her?

When in time of universal deceit, telling the truth is a revolutionary act.  Or is it inter arma enim silent leges...

Feb 3, 2011 6:29 PM

Establish a position limit of 0 for all longs and just be done with it

Feb 3, 2011 6:48 PM

people still, like, LIVE in Argentina, dude.

they live in Russia too.

I don't expect an outbreak of Katrina except by the type of people who were involved with the Katrina aftermath.

In fact there is abundant evidence to support my position.  The Kobe quake killed like 5000 and there was not one riot or incident of looting.

Feb 3, 2011 6:56 PM

nevermind the collapse of their economy from depegging

Feb 3, 2011 6:58 PM

BNW is one of my favorite works ever.  I still fail to see how anyone could actually READ the thing and come to these conclusions.

There is NOTHING whatsoever analogous in what BB or any of TPTB are doing that matches BNW.  BNW was a peaceful and happy society; the Savage was the one who was wrong.  He was the anachronism, he was obsolete.

Feb 3, 2011 7:09 PM

they're not investments, they are really more akin to insurance.

Gold is just a thing people value.

Feb 3, 2011 7:11 PM

JFC, FRG went apeshit today...a fund I own has this as its 3rd biggest holding as of 12/31.  Happy birthday to me!!!

Feb 3, 2012 1:28 PM

kinda looks like the price chart of silver when shameless pumpers were calling for "$60 by next week" and "hyperinflation IMMINENT"...back up the truck and "buy with both fists"

Feb 3, 2012 1:29 PM

no, the other guy was right, you are wrong.  Probably mistook the indent level versus the post he immediately followed

Feb 3, 2012 1:31 PM

erm...Astor was pretty big long prior to opium

Feb 3, 2012 1:37 PM

wtf r u talkin about man?  what you said is complete horseshit except for the part about gold.

Feb 3, 2012 1:39 PM

"As cool as this site is they cannot submit a post without a fucking typo. Its always been thus."

This was the OP.  The use of "its" is wrong. 

Oh wait, I see you are not talking to me...lol...you just added that prior to my reply.  Was about to go tha fuk off

Feb 3, 2012 1:41 PM

The contraction to which he replied was the shortened form of IT HAS, YSMF

Feb 3, 2012 1:46 PM

what in the fuck are you talking about?

Astor moved from a fur fortune to Manhattan REAL ESTATE.  His venture into the opium trade was limited and mostly as a result of british seizure of his fur company assets during the War of 1812.  He was never a significant opium trader and did not make his fortune from this trade.

Even if he did, so what?  Nobody made the chinks smoke it.  Opium should be totally legal.  Right now the USMC is guarding poppy crops.

Feb 3, 2012 1:47 PM

if you like dying at 30, sure.  The injuns lived lives of savage brutality

Feb 3, 2012 10:18 PM

your position of "buy" changed to "buy with both fists" and then to "back up the truck" the higher the price went.

You actually had people convinced that silver was going up another TEN dollars from the ABSOLUTE HIGH that you were telling them was a GOOD PLACE to buy at!

The reality is that you are incompetent.  You say things that are absurd and do so for the adulation you receive from idiots, which you feed on.  You are cliff mosely-claven.

Feb 3, 2012 10:26 PM

especially with the apostrophe in looks

Feb 3, 2012 10:31 PM

Hyperinflation "IMMINENT"  bwahahahahahahahahaha

Feb 3, 2012 12:08 PM

Texas can eventually just start levering their gold and borrowing with it as collateral in a self-running ponzi.  Effectively become a bank with real assets.

Feb 3, 2012 12:19 PM

refer to my answer below

Feb 3, 2012 12:19 PM

no, none.

Maples should be avoided as the scratches they can easily get will fetch you less money when you go to sell, despite the whole it's a BULLION coin and still .9999 gold.  Smalltime buyers expect "collectable" looking coins and many major dealers have just flat stopped dealing with the bullshit of Maples because of this scratch issue.

A krugerrand can reasonably be expected to sell for right at spot pretty much wherever and by whomever.  If you want .9999, go with the philharmonic or kangaroo.  Buffalos command a premium on both ends of the transaction, as do Eagles, vis a vis other coins of the same purity.  You'll see markup on both bid and ask.

Feb 3, 2012 12:21 PM

I will pry it from his warm, dead hands...I'm in for 50/50

Feb 3, 2012 12:24 PM

Gold is pretty seriously overbought on the dailies...exercise caution long here.  Negative strength divergence from the top in August

Feb 3, 2012 3:09 PM

hmm...since the top of the silver bubble last year, Tbills did like way better

Feb 3, 2012 3:10 PM

my lateral thinking is pretty good, but I'm not seeing the Kane link

Feb 3, 2012 3:12 PM

he's pretty much a full-time moron...overtime in fact

Feb 3, 2012 3:14 PM

actually it's neutron capture but whatever.  Just tighten up the verbiage a bit.

Feb 3, 2012 3:15 PM

ROTFL..you call that mania you encouraged people to "buy with both fists" a SHORT SQUEEZE?

BWAHAHAHAHAHAHAHAHA...gfd you are pathetic

Feb 3, 2012 3:18 PM

yes and OF COURSE, there is NO medium between these two outcomes, Mr. False Dilemma?

Feb 3, 2012 3:19 PM

Let the GREEKS pay for it if they want all these benefits.

otherwise, fuckem

Feb 3, 2012 3:21 PM

then let the greeks WORK instead of lounging around in cafes collecting their government paychecks!

If Greece doesn't like the euro, let them see how much better their credit is on the drachma which they printed to oblivion repeatedly.

This is a deadbeat nation.

Feb 3, 2012 7:32 PM

Is one of them where you won't shamelessly pump and cause everyone who listens to you to lose most of their life's savings?

Feb 3, 2012 7:36 PM

there's mo gold in spent fuel rods from fission reactors

Feb 3, 2012 7:37 PM

only superseded by an on axis gamma ray burst.  Oh wait, that would cook the planet...be like that old apple commercial

Feb 3, 2012 7:38 PM

"$60 by next week"  BWAHAHAHAHAHA

no price was too high to BUYBUYBUY

Feb 3, 2012 7:51 PM

since you're on it, why didn't blacks have the wheel?  whitey stole it from them?

Feb 3, 2012 7:52 PM

wait...you were mocking me by making true statements?  GFD you are stupid.

Feb 3, 2012 7:53 PM

flag you as a fuckin moron.

The notion that the greeks should work?  HELL NO, right?  They should lounge around collecting government paychecks paid for by someone else.

WTF is the matter with you?

Feb 3, 2012 9:17 AM

surely the real silverbugz who talk only about physical with no margin and how bugz never use leverage or paper will be here momentarily to cheerlead you

Feb 3, 2012 9:23 AM

pretty much it's ships that carry things

Feb 3, 2012 9:27 PM

NO.  It is IRAN.

In Iran, cars next to scientists just happen to blow up all the time.  They probably imported chinese gasoline or were made in Russia. 

And our law enforcement needs to guard all the jewish shit it possibly can.  We cannot stand idly by while an aggressive state with nuclear weapons conducts itself belligerently in the middle east.  We must not only encourage but SUPPORT that state and get our people out to lay across puddles in the road so jewish shoes don't risk getting wet.

Feb 3, 2012 9:28 AM

just invade already!

Feb 3, 2012 9:32 PM

don't forget that we have also just collapsed their currency.  This hyperinflation isn't coming from nowhere.  The "world" has conspired, ok actually it is a lot of banks, suspiciously run by the same ethnic group bitching about how gd'd evil and dangerous and threatening they are, to no longer accept iranian currency for anything.

This is why nations need nuclear weapons so they don't have to put up with this shit.

Feb 3, 2012 9:33 AM

wow...you're like presenting a drug addict who borrowed and blew it on coke as a hero for "stiffing the lenders."

Greece isn't a hero.  They want to reneg on public debt they borrowed effectively from german CITIZENS, aka people.

Iceland told the bankers that the state aka people were not going to backstop PRIVATE debts.  Greece just wants to keep all the shit they've spent all their money on and maintain their lifestyle of laziness and leisure on Germany's dime.  Fuck them.

Feb 3, 2012 9:34 AM

lol you don't get it.  None of this money is actually real and the system that all of these countries think is their birthright is in default.

Feb 3, 2012 9:34 PM

it was good enough for a decade-long starvation regime on Iraq and an invasion and occupation, wasn't it?

It was just really CREATIVE supposition.

Feb 4, 2010 11:17 AM

I guess what will happen now is the same as w/ the stockmarket.  The bots will push the market at the margins in either direction, with discount window backstop, and the insiders will distribute at the extremes.

Like at the recent SP top insiders were bailing left and right...so the bots will short GLD into oblivion while the elites systematically deplete COMEX of every ounce it has.  We're steamrolling into a morning announcement of bank holiday and dollar revaluation here.  Perhaps they are going to let a deflation/DXY spike run and give themselves the cover to do that.

If you hold physical and fear confiscation, might be a good time to buy a smelter and some molds.

Feb 4, 2011 10:50 PM

hell, the Fed Act in 1913, what did it take, like 20 years for the US to become bankrupt via the inflation/deflation racket?  Then they signed in POMO and the income tax to sign us all up as wage slaves on this debt.

The bankers believe that they ARE the aristocracy, the kings, and that they are entitled to their tithe.  The "solution" here is for you hamsters to GET BACK ON YOUR WHEELS and run harder.

It doesn't MATTER if the capital was lent out of their assholes; you WILL repay it in real production PLUS interest.  This IS the racket!

The bankers believe totally that any nation that defaults should go into receivership and vast swathes of it carved up and given to THEM in exchange for "money" they lent that they NEVER, EVER possessed!  You sign up for some digits in a computer and when you aren't allowed by the banks to flip bits on another drive somewhere, you owe REAL land and REAL production.  I would wager my last krugerrand that a dozen bankers last year in unmixed company have suggested that the citizens of these BK States should think about selling their organs or their daughters into prostitution but PAY US BACK.

A TRUE lending relationship is when I lend YOU something I HAVE, meaning I lack it until it is repaid.  If you don't repay, I lose.  Where the fuck is the LACK on ANY banker's part after having "lent" $50T of Z1 credit into the FRN zone????  Have they been living as paupers all these years after lending all these FRNs out?  I mean, surely they lent SOMETHING real, right?  And when someone defaults, do these bankers end up LOSING permanently the value lent?

the whole fucking system is an OUTRIGHT fraud.  The money powers belong to the people and must be run as a public utility.  We have granted seigniorage and ultimate power to a bunch of crooks.  Bankers are legalized parasites.  They add NOTHING of value to this societal equation.  EVERY function they perform could be performed by public utilities.

In fact, the reason true fiat currencies haven't worked is because BANKS through speculative attacks, have destroyed every one of them.  The BOE used the Sterling Bill to destroy bimetallism and rape nations.  There is NO reason whatsoever that fictitious money could not be "lent" by the US Treasury, or as Friedman maintained, printed by a fucking computer.

Feb 4, 2011 2:36 AM

that's simply fuckin wrong.  The Mississippi flooded several states, putting very poor white people underwater.  There was no unrest and no mass violence.

Additionally, Katrina flooded and destroyed a wide swath of the gulf coast- it did NOT only hit New Orleans.  Yet only in one place did Little Africa, with roadside corpses, break out.

Poor asian people after the indonesia tsunami did not loot, riot, or mass murder either.

Your statement is categorically wrong.

Feb 4, 2011 2:40 AM

nonsense...soma was only for times when people had free time and needed a bump.  Soma was not the source of the society's harmony

Feb 4, 2011 2:42 PM

well at least it wasn't a negative 400k print like a couple years ago.

the people dropping off the rolls should give the talking heads something to crow about in terms of aggregate UE declining

Feb 4, 2011 2:48 PM

you don't know that they just rejigger the number of people in the "labor force" to get the headline UE?

this is how unemployed people who did not get jobs can suddenly no longer be "unemployed."

Feb 4, 2011 3:02 PM

would have been easier to do what Putin did, just eject the oligarchs and leave the common jooz alone

Feb 4, 2011 5:28 PM

wrong.

they didn't offshore to "stay" profitable, they did so to become MORE profitable.  That is so executive bonuses and payscales could continue to explode vertically.

The 25:1 CEO/average ratio simply didn't sit well with the executive class, so they found a way to get that number up where they thought it belonged.  The days of sharing profits with owners via dividends and paying employees a fat cut of them simply wasn't acceptable.

Feb 4, 2011 6:00 PM

the crusades did not reclaim the parts of europe invaded by the muslims.  They were kicked out of spain in 1492 and the Ottomans were finally defeated at Vienna centuries after that.

Irrespective of this, part of the muslim narrative is that they have claim to all lands that any muslim ever walked in

Feb 4, 2011 8:19 PM

imagine how different the world would be if the current resource bases were populated by advanced cultures...the sky would be the limit for KSA's energy endowment, but atop it sits a bunch of arabs.  The failed races now sit on what's left

Feb 4, 2011 8:20 PM

we get like 20%.  The large lightwater reactor was always a bit of a fail for power generation.  PBMR really ought to have been the way all along

Feb 4, 2011 8:27 PM

yuan is trash.  China is trash.  Fraud and pollution everywhere the eye can see, even the "Idiot Abroad" thinks China is dogshit.  The capper was when he had to shit in a hole and there is no TP in the public restroom

Feb 4, 2011 8:39 PM

100 yr bonds from a nation $15T in debt???  LOLz

Feb 4, 2011 8:44 PM

is he still payin his share of the rent tho

Feb 4, 2011 8:49 PM

nevermind the actual production data from places like IEA, right?

moron

LOL

Feb 4, 2012 1:43 AM

HAHAHAHAHAHAHA

Feb 4, 2012 1:46 AM

u been away awhile man...there are actually SILVERbugz now...they are even kookier than the gold bugs.  Yer gonna have fun with them because they sho' is stupid

Feb 4, 2012 1:48 AM

teraflops?  WTH u smokin?  Even the cell ain't got that kind of hp

Feb 4, 2012 10:56 PM

Karl Mordechai and Lev Bronstein...just another way to hide and pretend you're something you're not.  Like Sumner Redstone or Ralph Lauren.

Do not identify

Feb 4, 2012 6:09 PM

Putin only has one aircraft carrier.  It can't launch planes with heavy strike packages because it is a STOBAR carrier with SU27s.  As a force projection tool, it's of relatively low value compared to CATOBAR CVs

Feb 4, 2012 6:11 PM

that wasn't an answer...get off your knees

Feb 4, 2012 6:13 PM

totally correct...stobar carriers cannot launch planes with heavy strike packages.

Kuznetzov is intended, in accordance with russian naval doctrine, that CVs should merely project "fleet defense" air power, not do strikes.  A pretty lame doctrine.  The Russian navy is not to be taken seriously.

Feb 5, 2010 11:41 PM

I have no idea why anyone would "invest" in gold...it's not an investment, it's a physical alternative to paper with much less industrial-demand-driven price movement than alternatives like Ag or Pt, and easier storage than NG or oil.  Pretty simple.

That said, with London and NYMEX settling now cash only except in certain circumstances (probably connnected people), the price discovery mechanism for gold is pretty much broken.  Who knows what it's "worth."  But this is the case for all assets.  When GS can rejigger a futures basket and cause gasoline to fall to $1.50 when oil is in supply deficit, the paper markets are mispricing the hell out of things.  Trade your dollars for them at cheap "prices" while you can I guess

Feb 5, 2010 11:46 PM

Complete bullshit.

There is NO WAY that a guy like Blankfein does NOT believe in his core that he EARNED that money and that he is INDISPENSIBLE to the economy.  I know people who have wealth and all of them believe that even if they inherited it, that they deserve it and everything you've got too.

I think what is happening now is a systematic depletion of all gold pricing-mechanism markets, such as Comex and LBMA.  The Argentine Elite model - they are getting their hands on it because some kind of default or devaluation simply MUST occur or else the monetary system IS GOING to collapse under deflationary weight.  The economy cannot support the interest, the stimulus; the monetary system is collapsing under its own weight at this height on the exponential curve.

The NPV of aggregate debt sourced now is worth LESS than the principal

Feb 5, 2011 10:19 AM

orly?  you don't say?

So the EROI will be <1 huh?  Sounds brilliant.

There's no peak to nuclear energy huh?

Why did France have brownouts from a heat wave a few years back?  You must think nuclear power is like magic or something.

BTW, don't be a dumbass

Feb 5, 2011 10:23 AM

the peak oil assholes are the only ones around who seem to have bothered to EDUCATE THEMSELVES about a fucking thing concerning energy.

Hydrogen huh?  We'll just magically make that from saltwater using all these imaginary nuclear plants.

Like I said, are you going to provide us with the MATH showing HOW MANY NUCLEAR PLANTS ARE NECESSARY?

It is TENS OF THOUSANDS, you effing IDIOT.  And under that type of resource utilization, Uranium production would peak very quickly...THEN WHAT?

Feb 5, 2011 10:33 AM

ok...so you have a choice then.

Live in the stone ages or live with resource depletion.  Choice is yours.

Developing Africa to 1st world standards would require depopulating it of africans.

Don't get me wrong; I'm not a fan of the McMansion yeast ghetto culture of the US.  This nation ran into a cultural wall in 1969 at the latest.

Feb 5, 2011 10:35 AM

no; the populations atop them have no real inclination to reconfigure matter into more useful articles

Feb 5, 2011 10:43 AM

peak lightsweet was probably 10 years ago lol

Feb 5, 2011 10:57 AM

this success took place over millions of years.

Now, we have silly fetishes like diversity to lionize failed races.

The "fittest" may not turn out to match our conception of it

Feb 5, 2011 2:00 AM

uh...C&C peaked in 05/06, dumbshit

Feb 5, 2011 2:02 AM

Hydrogen is the most plentiful element in the universe.

What is our expected production rate from all this universal hydrogen and will the EROI exceed 1?

Feb 5, 2011 2:06 AM

and now you will provide us with the math on how many nuclear plants we'd need to replace our oil joules with electrolyzed H2 joules, and how long it would be until our Uranium supply peaked?

Just so you know, it's already been done years ago, and the shit is available on TOD.

In the meantime please just STFU.  People like you think, what, that you're fucking clever and that NOBODY else ever thought of this stupid idea?

Feb 5, 2011 2:08 AM

as opposed to what, the other races that are dying of fucking malaria or river blindness?

the usury racket just needs to go...along with the marxist idiocy and the clan that brought them both

Feb 5, 2011 2:11 AM

we have houses and cars.

Half the earth is living in huts and dying of diseases we eradicated here eons ago.

We don't have all this shit because of debt and QE.  QE didn't invent the transistor or airplane or microprocessor or the lightbulb.

If you think the way of the savages is better, shit...move into a hut, lose your shoes, vaccines, telephone and the rest of it and go be one with fucking nature.

Feb 5, 2011 2:14 AM

Is there a reading problem here?

If advanced races sat on the PRESENT resource bases, those areas would resemble W. Europe or the USA.

Of course the reason we have what we have is the advanced + the energy.  That was my point.

We support Israel because there are a ton of wealthy gd'd jews in this nation and they demand it

Feb 5, 2011 4:14 PM

no, I don't.  IEA's projections have for a decade been fantastically optimistic and I have said so.  Argued many times about this.

But when even IEA is admitting a C&C peak (which the data already clearly showed), even the cornucopians need to take notice.

For 10 years, the only thing the cornucopians could point to were the large pro-oil agencies like IEA and EIA and DOE saying we had 130mbpd in our relatively near future.  All the time, "IEA says 130" was the retort to the PO argument.  That's gone now.  Even the sources that people used to try to refute Peak have turned unfavorable.

Feb 5, 2011 4:24 PM

Downing Effect.

The nuke/H2 crowd on here seems to think that nobody else could have thought of this and that nobody has ever run the numbers.  I mean it sounds like it could work, so therefore, just believe it can work absent any data.

there are several problems with the nukeH2 solution.  The first is the sheer numbers of nuclear power plants needed.  It would be IIRC 30,000 plants worldwide to replace oil.  Then, the second problem is that in order to GROW, you'd need 3% YoY additional nuke plants each and every year.

The third problem is why I made reference to France's heat wave a few years ago.  The reason why France had brownouts during a heat wave was not because they had insufficient generation capacity of nuclear.  What happened was that their heat sinks, aka rivers, became TOO HOT as a result of atmospheric heat plus the amount of heat being dumped in them as a result of nuclear cooling and power cycle!  So, France was forced to shut down capacity when it was needed most in order to avoid a catastrophic kill-off of the marine watersheds.

This leaves France in a position where their nuclear capacity cannot grow any further.  They simply do not have enough additional cooling capacity to support more reactors.  So even IF the 30,000 reactors could be built, what cools them?  When/if cooling saturation is achieved, THEN WHAT.  Nevermind the real Peak Uranium problem, even with breeder reactors or RBMK technology (Chernobyl) which was designed to burn lower enriched fuel, making U238 more fissible, and functionally increasing the potential fuel resource base without breeders.  Sooner or later, Uranium production too will peak and then decline.

Feb 5, 2011 4:27 PM

this is why I have a VW Phaeton.  Tragedy of the Commons...

Feb 5, 2011 4:29 PM

they pull these tricks on every reserve using P100 RR figures and current consumption rates

Feb 5, 2011 5:35 PM

racism is rational.

tell me something, do you actually believe that "we are all equal"?

Anyway, I can't even determine what you mean by "racism" anyhow as this epithet is so overused as to have lost any meaning.

But, if you mean that to imply that there is something wrong with me for pointing out quantitative differences in cognitive ability between africans and whites or asians, then you are patently mindfucked. 

Feb 5, 2011 5:38 PM

15%?  The mars lander panels were a bit higher, no?

Good thing we're spending all that printed cash to advance solar technology

Feb 5, 2012 1:59 PM

you people can't resist having a king, can you?

this is not a personality cult

Feb 5, 2012 11:43 AM

these charts must be false...PO deniers inc. Douchinger have told me that oil productionj will rise forever.  Other morons said if I disagree, then I WORSHIP BALE.

the idiocy of the Germans to think they can shut down nuke plants...LOL

Feb 5, 2012 11:45 AM

yeah, the forcible depopulation of Christians is a mirage and there is always someone handy to make apologias for muslims.

Feb 5, 2012 11:46 PM

you are so fucking myopic and stupid.

There is an upper bound on energy but NONE on silver...right.  You goddamned ridiculous idiot.

Keep your mendacious magical thinking bulllshit to yourself.   And keep making idiotic predictions that take all of a day to blow up in your face.

Feb 5, 2012 11:47 AM

this dipshit is talking about replacing pipelines with ships?

maybe they'll just bundle up until ITER comes online

Feb 5, 2012 11:47 PM

ROTFL..."nuclear" reactions cracking water to H2 and O2, huh? 

There isn't a scientifically literate person on here that doesn't see right through your bullshit, cliff.

Feb 5, 2012 11:51 PM

you fucking liar, you are BELLIGERENT against anyone who doesn't go right along with your shameless pumping of silver and who calls you out for the fool that you are whenever you say stupid shit about oil, economics, energy, physics...ok, it's a long list.

Feb 5, 2012 11:52 PM

YES!!!!!!11

Growth will continue forever!

And if you disagree, then YOU JUST WORSHIP BALE

Feb 5, 2012 11:55 PM

that's complete and utter horseshit.

We haven't exterminated anyone. 

When you say stupid shit like you just did, it's hard to be taken seriously.

Feb 5, 2012 11:58 PM

Iraqi christians were fine until nobody was there to put the boot on the necks of muslims to prevent them from ethnic and sectarian cleansing.  No sooner was Saddam gone than each sect and ethnicity forcibly cleansed their areas of all outsiders.

I have no idea how you came to be as stupid as you are, but it's not my problem.  take some medication or something

Feb 5, 2012 12:14 PM

hydrogen isn't a SOURCE of energy

Feb 5, 2012 12:21 PM

everyone will end up there no matter whose theories they follow.

I don't know what is wrong with these chimps that think that all of this Fedshit means anything when it is just a symptom of the attempt to perpetuate geometric growth.

Feb 5, 2012 12:22 PM

a ghettoed out culture with ghetto values.

Feb 5, 2012 12:29 PM

ROTFL.

You are a moron who doesn't even know Jevon's Paradox.

Most of your post is a strawman.  Not my fault you really are the king of it.

BUT THEN I JUST WORSHIP BALE

Good fuckin god, you are stupid.

Feb 5, 2012 12:32 PM

huh?  When has that meme ever been used?

Iraq's muslim majority has waged a successful war of depopulation against Christians and nobody in the western media said shit.  They don't particularly care about christians as this isn't the media's religion.

There will always be a bellycrawling western retard like you to make apologias for brown people.

Feb 5, 2012 12:33 PM

what a total strawman.

The difference is that muslims in the ME really ARE waging wars of depopulation and extermination against christian minorities.

Feb 5, 2012 12:37 PM

THEY JUST WORSHIP BALE

Feb 5, 2012 2:00 PM

wow...you people are like...chimps

Feb 5, 2012 2:02 PM

sigh...

are you people for real?

Feb 5, 2012 2:06 PM

you're an idiot...

aircraft carriers have been decisive in any military war they've been used in.  They are highly effective against naval assets as well as littoral assets.

What they are obsolete against is asymmetric warfare tactics, NOT conventional militaries.

Feb 5, 2012 2:09 PM

Russia is not going to fucking fire on the IAF

Feb 5, 2012 2:40 AM

an array of DVD lasers maybe...need some aim calibration

Feb 5, 2012 5:14 PM

YOU JUST WORSHIP BALE

Feb 5, 2012 5:29 PM

uh, yes you DO.

ANYONE can babble bullshit and like a stuck clock be right sometimes.  Either you know physics and math or you do not.

I'm still wondering wtf the relevance of EPR is to this topic at hand.  EPR is empirically resolved

Feb 5, 2012 5:39 PM

metrosexual men want to be women.

The largess of real men has allowed this urge to propagate.  In more savage times, the metro men had much lower offspring survival rates

Feb 5, 2012 5:40 PM

I have had issues with other people who studied economics but who are otherwise highly intelligent.

Feb 5, 2012 5:42 PM

Flint and Detroit??  Why not Pittsburgh?

You idiots are clearly confused as to what will happen in a "collapse."  It will depend upon who lives there.

Feb 5, 2012 6:16 PM

HUH?

The SOURCE of oil is utterly irrelevant.

Buying silver into a price bubble is dumb.

You are guilty of petitio principii.

I shit on silverbugz and the absurd crap they say

Feb 5, 2012 6:22 PM

it is possible to do electric freight trains.  Gonna require a ton of juice and a lotta wires.  No way with batteries.

Feb 5, 2012 6:27 PM

nuclear reactions cracking water into H2 and O2?

LOL...ok cliff.

How can bacteria and coal be turned into "renewable" energy?  LOL. 

Feb 5, 2012 6:28 PM

YOU JUST WORSHIP BALE

Feb 5, 2012 6:31 PM

YOU JUST WORSHIP BALE

Technology is great...it allowed us to suck the oil out faster and maintain the rate of growth in production!  Without technology allowing us to suck fields dry faster, we'd never have been able to support the grow-or-die system.  It would have inflected long ago.

Technology never prolonged a field; it was always used to raise rate of production.  It SHORTENED field lifespan.

Feb 6, 2010 1:09 AM

oil's in permanent supply decline...its longterm fundamentals as an increasingly scarce commodity are intact.

In fact, its supply peak is what caused the need to start deleveraging.  The raw inputs to cause growth just won't be there.  Growth requires growth in energy input, period.

I wonder at this point if the funding needs of the gov are driving this...without a dollar spike, is there a real risk that bonds are going to go TU?  The Fed is ending its liquidity swaps at a time when the USG has unprecedented funding needs...nothing like a little dollar liquidity problem in euroland to drive up the bid-to-cover, eh?

We're in the process of making our deficits their problem.  We infected the world with dollar debt and carry bullshit, now they will pay the seigniorage.  If this gets bad enough, they will have to collectively tell us to shove our FRN up our asses.  I don't think our "export sector" can really withstand a legitimately strong dollar.  The BOJ is doing yet another QE; perhaps it's you print, then I print, then he prints, repeat

Feb 6, 2010 1:13 AM

Fairly valued?

You're aware that the sovereign behind the dollar is inarguably, mathematically BANKRUPT, right?

A fair value of the dollar is zero.  Seriously.  If you discount these deficits into the future, we're straight-up BK.  A person who will NEVER earn as much as he spends writes IOUs with fair value of ZERO.

What is happening is NOT a rush to "safe haven" assets.  This is absurd bullshit and I hate it every freaking time I hear it.  What it is is the sale of foreign currency assets against dollar loans with cash proceeds always getting swept into the shortest duration notes.

Futures markets that used to be price-discovery mechanisms and used by producers to hedge against spot market volatility have turned into speculative casinos

Feb 6, 2012 11:30 AM

just have one of the other FRBs lend them some money

Feb 6, 2012 11:32 AM

time to start renting those containers out for people to live in.  It'll be like Alaska where the residents get a rebate from the operation as the ship drives around aimlessly.

Feb 6, 2012 12:00 AM

you fucking IDIOT.

Ionic liquids like have been shown in ONE experiement in ONE university lab?

But of course, I WORSHIP BALE

Feb 6, 2012 12:02 AM

YOUR PESSIMISM AND INCREDULITY AT HIS STUPIDITY JUST MEANS YOU WORSHIP BALE

Feb 6, 2012 12:04 AM

I am MOCKING YOU, cliff...why are you acting like I am the first fuckin person to ever do it?

I would wager that almost everyone you come into contact does this; you should be used to it by now.

You're a joke, don't you get that?

Feb 6, 2012 12:08 AM

fuck dude, why not just confront the technical challenge of antigravity?  If you're gonna dream, DREAM BIG

Fuckin you'd "bet" that we could develop "hydrogen" for the cost of an aircraft carrier?  That is so out there it had to be pullled from multiple asses.

Feb 6, 2012 12:12 AM

you're criticizing the chinese for behavior which would be considered civilized for africans?

Feb 6, 2012 12:16 AM

the problem, cliff, is that people like you are basically yeast.

Sure, I would LOVE to dream about the high tech world of self-restraint and efficiency and all of this shit, but the problem is that people like you would just multiply and destroy it.

Feb 6, 2012 12:22 AM

haven't I told you idiots enough times that it doesn't matter if oil is biotic or abiotic???  ALL that matters is the production rate!

Feb 6, 2012 5:00 PM

even at 0%, they cannot make people borrow.

The gov can borrow on your behalf.

Feb 6, 2012 8:39 PM

maybe the centripetal acceleration of the earth's rotation pushed it back out

Feb 6, 2012 8:43 PM

You mean, what IF oil really HAS peaked and all this financial shit amounts to a hill of crap?

NFW, that's just ME WORSHIPPING BALE

Feb 6, 2012 9:37 AM

there seem to be a lot of deadbeat States in the EU whose citizens think life is to be spent collecting a socialist government paycheck and lounging in cafes all day

Feb 7, 2011 12:05 PM

GLD is described as a trading instrument whose purpose is to track the price of gold through use of derivatives instruments.  I'm not sure whose idea it was that GLD or similar vehicles should ever have held any real physical.

Perhaps there is some actual gold held because that was necessary to get the instrument off the ground, get people to buy into it as pseudo-unallocated ownership, but you have to expect any BANK to start to back out its investment just as soon as possible.  I mean, jeez, even in the illustrious history of central banking, look at the BOE; the original investors backed their capital out of that within less time than GLD has been around.

Feb 7, 2011 12:08 PM

I shot this squirrel for lookin' at my gold

Feb 7, 2011 12:18 PM

the article is a pimp for Goldstash.com

IOW, Ramsey is being paid to convince people to sell Goldstash their gold because Goldstash apparently doesn't think it's a bad thing to buy.

Amazing how the articles shitting on gold are largely trying to get people to part with it.

After this episode with the USD is through, people will look at family jewelry completely differently.  This is a concept that people in the 3rd world who've seen national currencies come and go understand.

I still can't fathom how people who can watch reruns of Let's Make a Deal could think that a savings account is a good idea.

Feb 7, 2011 12:47 PM

surely the CEO's bonus was big as hell.

Is there an "Undercover Boss" yet who can fucking cut it as a real worker?

Feb 7, 2012 10:02 PM

it was a hunk of shit.

Detroilet?  DONE.  Like zimbabwe or south africa or haiti or liberia...same reason.  COOKED.

Fuckin they can't keep the electricity on.  The police don't patrol 20% of the city.  If you call them after getting robbed, IF they show up they will ask why you called them.  Vigilante justice going way up...like 2000 justifiable homicides now.

It's turning into Africa before your eyes while the suburbs full of the refugees of 1967 have rebuilt thriving schools and societies.

We're FUCKED as a country so long as we can't hear the truth and prefer BULLSHIT like Eastwood said.  Fuck yeah, rock on Clint, we'll just bail harder instead of fixing the leaks.  All is great.  Highland Park (Gran Torino) is actually 93% black.

Tell us all how awesome we are at bestness again.  we love that shit

Feb 7, 2012 10:05 PM

you would need robbers who were electronically literate, organized, and logical.

IOW, people who wouldn't need to rob.  Seriously, criminals are not like they are on TV dramas

Watch First 48 if you want to see real crime and how real crime is solved.

Feb 7, 2012 11:07 AM

the joke is on the Greeks...the rest of the world won't miss them.

Did anyone anywhere notice the tiny blip in production falloff due to the strike?

These greasy bums don't seem to understand that it is through production and export that they will earn income, not from a government that just pays them to lounge in cafes

Feb 7, 2012 11:09 AM

what the US is not germane to the statement.

The world let us borrow in our own currency.  And then THEY went and borrowed in our currency too!

Feb 7, 2012 11:24 AM

oh yeah, they're sure "playing" the world, those greasy greeks....

Like a meth addict saying "LEND ME MORE MONEY OR ELSE I WON'T PAY YOU BACK."

Greece will be cut off and expelled and the EU will do what it needs to to save its banks.  The EU has other problems in Spain and Portugal.  It is LONG past time that they made an example of Greece.

Feb 7, 2012 11:26 AM

unfortunately, due to the revolving door between unions, corporate boards, and government, it is goin to require unions to dissolve, working conditions to deteriorate, and people to get stepped on before they can reorganize labor power into something again representative.

Feb 7, 2012 11:31 AM

I don't know why the ZH "consensus" is that Greece is somehow heroic or the victim here.

The victim will be the German CITIZENS, who are the ones who ultimately will hold the bag for money lent to GREEKs, which was spent on espressos while lounging in cafes pretending to work at government jobs.

Yes, a lot of the loans to greece, like all loans, were conjured from thin air, but the point remains.  fuck the banksters, but the situation is not as simple as that.  Greece is NOT Iceland, which had a private banking collapse and refused to stand in the public sector as guarantor.  Greek banks aren't failing...their government and the people's spendthriftiness is the issue here.  Greece is a true deadbeat State.

Greece has been living FAR beyond its means for quite awhile and if the EU wants the pimp hand they are going to have to make an example of them.

Feb 7, 2012 11:33 AM

eh...no.

What doesn't gel here is the German concept of working and producing and the Greek concept of pretending to work while lounging in cafes.

Does EVERYONE think the historical clan divisions in Europe (which were sanctioned into national borders eventually) are just some arbitrary BS?  Oh yeah, the modern assumptions about ethnicity and race do exactly that, ignore the obvious.

Feb 7, 2012 2:27 PM

Greece needs to be cut loose and left to its own spendthrift devices.  And the banks that foolishly lent them money must take losses and heads of their executives must roll.

Feb 7, 2012 2:30 PM

workers unionized...in response, executives bought union leaders and legislators and enacted trade treaties to facilitate the move to non-union slave labor nations.

Feb 7, 2012 2:44 PM

Do you think that saying "the US IS WORSE!!!!11" in ANY way invalidates my CORRECT statement?

In the future, perhaps try responding with a counterargument instead of bullshit.

Feb 7, 2012 2:45 PM

wow...a visit to Crete is suddenly going to make Greece into a nondeadbeat.  Gotcha

Feb 7, 2012 2:48 PM

The greeks don't WORK.  All of the southern euro nations are a clusterfuck.

In the north, they aren't.  Different clans, different people, their innate differences express in a difference in culture.

Central planning is IRRELEVANT.  Fucking Germany worked and Greece didn't LONG BEFORE the EU.

The torture you guys perform on the facts to try to get them to fit your theses makes me laugh.

Feb 7, 2012 3:21 PM

No.  Greece MUST be cut loose.  Greece WILL NOT CHANGE.  And it sure as shit won't if there are no real consequences.

The banks can be saved and the bankers imprisoned even if Greece is cut loose.

Feb 7, 2012 3:24 PM

nobody in the rest of the world who is a not a getrichquick speculator would EVER be interested in silver. 

Indians are typically poor...how do THEY "protect" their purchasing power?  GOLD.

Silver is loose change. 

Feb 7, 2012 4:21 PM

yes, at one point (a long point) the predominant nation on the planet in all aspects of what we call culture.

Archimedes was able to calculate the length of a spiral without the calculus, which was an astonishing feat.  However, he used "indivisibles" and the method of exhaustion, which was invented by Antiphon.

Feb 7, 2012 4:23 PM

Greeks retire when they get jobs.  Their idea of working is lounging in cafes all day while drawing a paycheck

Feb 7, 2012 4:53 PM

government borrowing, not private consumers.

0% is a good rate if you can get it.  I am holding out for -5%

Feb 7, 2012 4:54 PM

things that were at higher rates are getting progressively rolled over at lower rates, down to 0%.

What this means is that once the credit base has been adjusted down to 0, crushing yields, that there WILL NOT be anymore demand for refinancing, to go along with the complete lack of demand for new credit.  THAT will be a day to behold.

Feb 7, 2012 4:56 PM

NPL as a percent of total base should be going down for two factors, one, the gov is borrowing and distributing that money.  2, debts have defaulted and been written off and it is now harder to get credit willy-nilly

Feb 7, 2012 4:57 PM

Huh?  It's completely sane to pay off debt at 5% with debt at 4%.

Feb 7, 2012 4:58 PM

YES!  Act like a deadbeat with a ghetto mentality and watch society PROSPER!

GOTS TA GITS MINE, so GIBS ME DAT

Feb 7, 2012 5:00 PM

UR just dumb, dude.

The people who borrowed like shit and bought a buncha stuff are HARDLY living like slaves.  YOU are the slave because you work and pay taxes to fund their EBT cards, free housing, and all the rest.

We have an entire race of people in this nation who are 95% supported by everyone else.  And you WILLINGLY do it.

Feb 7, 2012 5:07 PM

nonfuckingsense.

Tally sticks are more likely than silver.  Fiat is here to stay.

Feb 7, 2012 5:11 PM

JFC, dude, eliminate all the debts?

So if I lent you money, I'm fucked?  I'd have to come kill you.

You cannot just say clean the slate because there are REAL PEOPLE who are owed REAL MONEY, even if they are bondholders of greek debt.  A lot of pensions would be wiped completely out by jubilee.  Usually only silverbugz are misanthropic enough to want something like this to happen, as they are by nature losers whose only chance to be tall is to have everyone else chopped off at the knees.

I say print and let the chips fall over time.

Feb 7, 2012 5:13 PM

huh?  London reclaimed its spot at the top of world financial centers recently. 

The London/NYC axis is massively larger than anywhere else.

Feb 7, 2012 5:24 PM

Holy SHIT!!!!!!11

18 whole cases?  WTFZOMG.

SKY IS FALLING, BITCHEZ

Feb 7, 2012 5:28 PM

the time to use it will be when you get where you're going.  Before that it will be in payment to transporters and border guards.

Feb 7, 2012 7:41 PM

Why do you care what the frakin markets do?

As to the OP, ZOMG, the Greeks cheated on their taxes even more.  That'll show those pesky Germans, hey, if you ask for money we will pay you EVEN LESS.

Feb 7, 2012 8:51 PM

she looked kinda bony and awfully done up

Feb 7, 2012 9:36 PM

not on non-revolving debt, they didn't

Feb 7, 2012 9:45 AM

Spread, bitchez

Feb 7, 2012 9:45 PM

Agree 100%.  ZH is also full of misanthropic lunatic silverbugz HOPING for a paper collapse wiping out all bonds, pensions, stocks, everything except their metals so they can lord it over starving hordes.

There should be few opposed to the idea of a safety net.  But a safety net only works when all of the people are part of the same social contract.  We have probably 40 or 50% of our population that is totally GIBS ME DAT.  This system of socialism can't work if a third or more of your people are cheating it.

There are certainly poor who are really trying to work, but there is a larger population of those who are flat-out welfare bums.  If you add up the CHEDDUH that goes into the city "poor," it'd blow your mind.

Feb 7, 2012 9:47 PM

ROTFL...

not my fault UR dumb, dude.  You pay so probably 40% of the population can freeload.

Debt isn't slavery...paying for deadbeats IN debt is slavery.  Besides, I was just yankin yer chain man, chill out lol

Feb 7, 2012 9:57 PM

SAVES ME JEEBUS

Feb 8, 2011 1:42 PM

file me with our furry friends, I don't eat that shit either

Feb 8, 2011 1:44 PM

margarine sucks...it is nutritionally inferior and tastes like crap.  Hydrogenated vegetable oil instead of butter?  May as well eat garbage

Feb 8, 2011 1:47 PM

eh...record droughts, oil supply inflection, and a number of other factors contraindicate the whole "blame speculators" thesis.

Remember that all the grains we produce as food are driven by petrochem agriculture.  Also, mining requires energy too.

Either way, why not get out of currency because you have no idea how much grain or oil or gold it may fetch on any given day?

Reality is that for many decades, savings accounts have been effectively at negative interest.  The only way to outpace inflation has been ponzi participation or owning some productive business where you can push costs.

Feb 8, 2011 10:17 PM

point 4 - all reserves' EROI are not the same.

For example, tarsands require very substantial energy invested in order to yield the barrel of oil equivalent.  The classic C&C surface deposits were EROI 100:1, returning 100 boe vs 1 invested in extraction.  Tarsands are far lower, anywhere from 6-15:1.

As far as peak being "confirmed" by Wikileaks, jeez, the data showing the C&C peak in 05/06 is 5 years old now. 

Feb 8, 2011 10:28 PM

it is worse than that.

In previous PO threads, I've referenced the world oil outlook, which shows time-to-peak and YoY decline curves for various reserves classes, the surface fields, offshore, and deepwater.

As the fields move into the higher-hanging-fruit class, the time-to-peak is shorter for any given well/field and the decline rate is far steeper.

The real kicker is that ALL of the hailmary oil finds have been in deeper and deeper water, but these fields HAVE (empirically) peaked much sooner and declined far steeper than the old surface fields that most of the projections used as templates.

In addition, as a warning to the technocornucopians, the production curves of fields brought online post-late 60's have more resembled trapezoids than bells.  The technology that was supposed to save us by permitting more oil to be extracted has instead served to shorten field life by increasing the rate at which oil was extracted.  Jevon's Paradox writ large.

For example, Saudi fields like Ghawar are still producing, whereas giant and supergiant fields like Cantarell, N. Slope, North Sea, Forties, etc., are already effectively dead.  The savior technology merely pulled forward the bell curve into a trapezoid where production was ramped up much faster to a peak plateau maintained usually for 8-10 years, and then declines plunged at 15% YoY for Prudhoe, and as much as 33% for Cantarell.  The technology didn't extend the field life, it merely made extraction faster.

This is the conundrum of exponential growth.

Average YoY declines of surface fields are in the 3-4% neighborhood, the old producing fields.  For deepwater finds, you're looking at 9.5%+ YoY on average.  This means that our more recent fields will see veritable production collapses once they fall off the plateau.

That KSA's reserves were overstated is hardly a secret.  Peak Oil was only adequately explained to a highly intelligent friend of mine by referring to it as a NET energy peak, not a liquids peak. 

I don't know how much more evidence needs to be marshaled before idiots can get that it don't get no realer than this.  Surely, I will scroll down the thread and again be amazed, no doubt.

Feb 8, 2011 10:32 PM

6??  Where'd u get 6?  No credible forecast I've seen has it past 4-5mbpd.  6 would be nice but I'm not a believer in that.

Also, it's useful for contrast that the reserves of the tarsands are oft-cited as "large as Saudi," yet they can produce at most half the rate of production, and far less if we factor in the staggering amounts of NG burnt in order to steam mobilize the bitumen

Feb 8, 2011 10:37 PM

you understand NOTHING.

You do not grasp that reserves do not equal production.  Production matters, reserves do not.

You can't grasp EROI either.

Feb 8, 2011 11:56 PM

jfc...now you are going to qualitatively define what a peak is?

A peak is the maximum amount.  Everest has a couple of summits, and one highest point.  As viewed from the north face, it looks really rather like a plateau up there.

Most mountains are like that; their summits are not a fucking point like on your dunce cap

Feb 8, 2011 2:00 PM

Nein.  It's all well and good to blame the west for income inequality in the 3rd world, but at what point does the fault lie with the dictators there who all retire megabillionaires?

I mean, shit, look at Hariri's kids...some of the youngest multibillionaires in the world.  The populace of those areas simply need to demand a share of the loot.  Why haven't Norway or Australia seen the same fate?

The US had its heyday when ordinary labor demanded a larger share of the profits of industry.  That trend has reversed...the west isn't really getting richer, it's getting hollowed out as we begin to resemble the 3rd world's income distribution

Feb 8, 2011 2:04 PM

Not. Enough. Oil.

Feb 8, 2011 2:13 PM

the unwillingness of the western nations to arm themselves against pirates is bordering on suicidal.

I mean water cannons and LRADs just don't cut it against real guns.

Feb 8, 2011 2:15 PM

need to remember.  Chinese weapons suck.  Work as advertised they do not.

Feb 8, 2011 2:16 PM

why would anyone really want to bid when the price is being propped by the Fed?

Feb 8, 2011 2:54 PM

this is just not correct.  Athens used copper coins as money.  Silver has been used as money.  Paper has been used as money.  All kinds of things are money, not just gold.

Gold is a commodity that people desire, no less and no more.

Feb 8, 2012 1:00 PM

Hegemonies don't fall in pops absent major wars.

The Pound was doing just fine until WW1 then 2.  Rome took several centuries to totally wither away.

Feb 8, 2012 1:03 PM

slack oil capacity sets the rate of economic activity.

Obama is an unmitigated liar.  I marvel that anyone believes him.  They must be so high on hopium as to be akin to a dog.

Feb 8, 2012 1:41 PM

right here, bruh...what's the question?

Feb 8, 2012 1:45 PM

corrected?  See, here's the issue.  You stated FACTS.  They were true.  Therefore I have nothing to correct.

As oil supply declines, so will gasoline usage...note:  this has ALREADY happened!

An inevitable corollary of the decline in supply of oil is that consumption will also decline.

Was there a question here somewhere?

Feb 8, 2012 1:47 PM

compare gas supply curves to BTU-for-BTU oil usage and you will see that this isn't a 50-year problem.

It's inevitably NOW.  Nevermind the buildout to have NG infrastructure for a motor fuel.

Feb 8, 2012 12:28 PM

she's pretty ain't she?  so who cares what she says

Feb 8, 2012 12:44 PM

Survey says:  they gonna print.  Or lend without expectation of repayment by means other than additional future lending.

Feb 8, 2012 12:53 PM

oh fkin please.  No they are not going to fucking crash.

A $12 move in gold is nothing.

Platinum's recent price action is suggestive of a temporary recovery.  But there is so much more volatility in that it is hard to read.  There is no gigantic horde of lemming getrichquick speculators trying to buy platinum coins and no shameless pumpers trying to cause stampedes into it.

Pt made a double bottom on clear divergence over the oct/dec timeframe.  While it's overbought here, and it hit an IH&S target point, it certainly isn't signalling what you claim it is.

Feb 8, 2012 12:57 PM

well as of an hour after forecasting the apocalypse, I am seeing Ag down a whole 43 cents.  Is TEOTW postponed till after lunch?

Feb 8, 2012 12:59 PM

RP is losing because people simply aren't voting for him

Did you think the Repugnicon party was full of geniuses?

Feb 8, 2012 4:04 PM

bingo.  The worst bugz around here want a total collapse of all paper, thinking they will be the only ones left with any wealth.

Feb 8, 2012 4:06 PM

the rate at which blacks are on welfare is far higher than whites.  The percentage of all the welfare population is about 1/3 white 1/3 hispanic 1/3 black.

These are easily-found stats

Feb 8, 2012 4:11 PM

how about the Air Jordan riots last year?  Oh, didn't hear about them?

Demographics, people...

Feb 8, 2012 4:17 PM

oh...got it.

Yes, there is lots of GDP to undo so we can still eat.  We'll all be pretty poor.

There are other aspects of petrochem fertilizer that are troublesome, though, besides oil.

The backside of the depletion curve is unknown.

Feb 8, 2012 4:23 PM

people had no choice but to go to the suburbs because desegregation and the Black Undertow forced them out.  Look at Detroit 1967. Would you stay around that shit?  Those cities reached a tipping point and progressively collapsed.  Now detroit resembles Africa culturally more than the USA.

Even today, some inner cities are war zones (they train military trauma surgeons there).  Without gentification, the suburbs were the only refuge for civilized humans trying to raise their kids in peace.  As certain cities have gentrified, such as NYC and DC, civilized humans are returning.

Cheap oil just permitted people to run and hide from the truth in whitopias.  That truth starts to peek out from under the rug during times of growing scarcity.  We cannot afford any longer to subsidize a population that is a danger to everyone and everything around them.  The costs are just too great.

Feb 8, 2012 4:46 PM

indeterminate...if it's a decline like the LA basin, benign.  If like Cantarell or Prudhoe, err...apocalypse?

Feb 8, 2012 4:53 PM

fractals?  WTF...this is not fractal.  Human systems have emergent complexity; the system acquires goals, attributes, desires independent of and in many cases contrary to those held by all of the individuals.

Look at the old example of stalinist standing ovations.  No one in the room believed in it, yet they all clapped.  The system is a powerful enforcer of conformity.

Fish just school...the school has its own mind.

Feb 8, 2012 4:56 PM

naturally, anything anti-obama is rayciss

Feb 8, 2012 4:59 PM

the rentier class controls all media.  They are not known for great works of art or culture, but domination and usury.  WTF do you expect?

The media includes pornographers and other vice trades.  The group in control now has historically been balls deep in slaves, drugs, every vice imaginable.  It's all about the love of money.

Feb 8, 2012 8:38 AM

dood your a genios.

only "TPTB" stifling all of your miracle inventions is causing you to be a babbling nobody on ZH

Feb 8, 2012 8:40 AM

yeah, your site is a mother-lode all right...a lode of bullshit

Feb 8, 2012 8:44 AM

covering their tails from whom?  Oh yeah, protecting them from major terrorist attack.

The military was TOTALLY NECESSARY to protect us all these decades.  Oh wait, 9/11 still happened.

Feb 9, 2010 11:26 AM

It's either bail out Greece or risk the collapse of the Euro.  Simple as that.

What are euro holders going to flock to?  Are they actually going to let us spec attack their fringes and pimp them out with dollars?

Feb 9, 2010 8:37 PM

Scylla and Charybdis...whoever devalues first takes initial advantage.

These debt loads are all asinine and the surplus countries are dependent upon GROWTH in debt!  There's not enough natural demand to keep their excess factories idle NOW, much less in a deleveraging world

I mean, how much additional production do we need to layer another doubling onto this debt ponzi?  We've reached the end stage of the debt/growth pyramid

Feb 9, 2010 8:51 PM

too many people on Rt 27 saw it happen live.

They all cannot be CIA plants.

As for WTC7, yeah, they probably pulled it.  Skyscrapers don't collapse from fires.

And, there was never an explanation, only lies.  The US gov't is either incompetent or in on shit

Feb 9, 2010 9:29 PM

Junk.  A ballistic missile would have a very low probability of achieving a direct hit on a moving target.

2000km away?  Load of shit...you'd have to accurately track the CVN at that range to guide the missile.  The US's ECM would light any Chinese radar systems the fk up and prevent such a track.  Nevermind that at the outset of the war, our missile systems would actively suppress any launch capability on the mainland.  Were such a ballistic missile to be launched, the CVNs have 30+ kt speeds and would get up and haul.  Let's see a BM hit a target moving at that speed while coming down from near space.  Not gonna happen

Feb 9, 2010 9:38 PM

You guys should stick to talking about something where you have some knowledge.

The Sunburn is not the top Russian antiship missile, the Onyx is, or Yakhont which is the export model.  I'd be more worried about an airlaunched Brahmos than a land-based antiship platform.

You people DO understand that the ECM accompanying CVN groups is so powerful that it can make the CVN disappear from the scope, right?  Nevermind the ability of the Navy to actively service ANY radar-emitting target on the surface.

If carriers were shit, nations wouldn't be trying to have them.  India is trying to get 3 CVs in the water, the Russians are hanging onto theirs for dear life; even mighty China is trying to develop them.  If you have naval air power against a navy that does not, you SINK THEM.  It's really as simple as that.

A ballistic missile is NOT the Harpoon; the Harpoon is a CRUISE MISSILE.  The real danger is long-range skimming hypersonic missiles like the Brahmos.

In a serious conflict, we will destroy every single radar facility in the opponent's theatre.  If they turn on a radar to attempt to track our ships, it will be destroyed immediately.  If the attack is by surprise, the war is on and the 2nd attack will not be by surprise.  So, they can sink one CVN at most before we marshall enough air power and missiles to destroy every single terrestrial asset that our satellites can identify.

Feb 9, 2010 9:42 PM

Douchinger is not a fool for correctly identifying the laughableness of Chinese weapons and their armed forces, he is a fool for believing that we could selectively default on our largest creditor and not have any knock-on effects like the firesale by everybody else before we default on them for doing something we don't like.  Douchinger's prized FRNs would go tits up real quick.  Insanely, the TF paper bulls seem to believe that this type of UST collapse would actually make THEIR paper become more valuable!

Feb 9, 2011 1:06 AM

look, man, I dunno how to get through to you...I've tried everything.

I would have thought that IEA's admission that C&C peak is FIVE YEARS in the rearview mirror would have been enough, but your dunce cap simply renders you impervious to anything

Feb 9, 2011 1:06 PM

Japan is still in QE/ZIRP after what, 20 years?

they may certainly give this tightening or austerity thing a try but the wheels will come right the fuck off overnight if they do.

QE was a response to the conditions of total financial collapse in 2008; none of the underlying problems (that of unsustainable debt) have been resolved.

Feb 9, 2011 1:10 PM

they seem to always be buying maple leafs or bars

Feb 9, 2011 1:15 AM

my studies have shown 4-5 tops and that assumes pollution of every freshwater resource west of the Rockies...long COSWF anyway but the crown royalty trend is not looking good longterm

Feb 9, 2011 1:26 PM

These people still aren't seeing the forest.

They are not seeing the seachange in the entire landscape.  They're still focused on this traditional analysis.

WTF is going to go "up" if all these rates rise?  Gov't debt?  LOL.  Paper?

We're in a discontinuity period, very clearly...yet these guys are still holding to formulas which only worked in a different part of the function.

Real interest rates have no room to rise due to the debt overhang of sovereigns and the total LACK of demand for credit even at these rates. 

Feb 9, 2011 1:31 PM

CHS is correct.

Anyone who studies corporate law knows why so many corporations have INC in Delaware.

Every corporation is looking for its Delaware.  Might have been Ireland for a while but the US is "lobbyable" and so operations or HQs can be sited here for the benefit of executives, but they have no actual interest in OPERATING here in any real sense.

The notion that CEOs care a fuck about poor Indians or chinks is laughable.

Feb 9, 2011 12:00 AM

yeah, I've commented on XLM in previous posts on this...it's hard to cover all the points each post without writing a treatise.

Average time from peak to importer is around 6 years, Indonesia, UK both around there.  Mexico peaked in '04; they're right at the limit here

Feb 9, 2011 12:06 AM

WTF did I say that in any way had anything to do with who is calling the shots in this country?

can you get that physics don't depend on whims of men?

Feb 9, 2011 12:08 AM

yes, I do have a crystal ball...it's called math and science

amazingly, these inventions do allow you to predict the future.

Feb 9, 2011 12:10 AM

Your FIRST SENTENCE is a lie, moron!

You CANNOT divide RESERVES by CONSUMPTION and get lifespan!

3TBBl does NOT EQUATE to 30BBbl of production per year for 100 years simply by virtue of the fact that 3T = 30B * 100.

Now, as I am wont to say, STFU already.

Feb 9, 2011 12:17 AM

look, both of you, do not ever divide reserves by desired consumption.

The US consumes 18Mbpd, ok?

There is no field or reserve or country that can produce at that rate.

It doesn't matter what the effing shale oil bakken URR numbers are; if they cannot PRODUCE at a RATE of 18mbpd, we have a problem.

The moron you responded to ACTUALLY thinks that between Canada and Venezuela, we will have 85Mbpd for 100 yrs.  Between just those two countries.  Because 3T/30B=100 afterall.

Imagine that, go out to anybody in the oil buiness and say that you BELIEVE that Canada and Venezuela can combine for 85Mbpd production between the two of them.  Let's just say we divide it...so Canada will produce 43Mbdp and VEN will do 42Mbpd.

Does this in ANY way sound remotely feasible?  It is shit like this that makes me so frustrated.  Reserves should almost NEVER be discussed; all that matters is rate of production.  As soon as you talk reserves, idiots who know nothing about oil production start trying to divide them by desired consumption in order to claim there is no problem.

Feb 9, 2011 12:30 AM

well, in my defense, TD told me to chill out with the bitchez posts lol

Feb 9, 2011 2:44 PM

TLT has fallen far enough perhaps, time for some flattening.

BB has got the dollar on the tightrope...periodically, the overall inflation trends must be retraced slightly.  If the dollar gets too strong, they print harder, if it gets too weak, a little squeeze here or there.  Spreads too flat, just change their bids in the bond market, too steep, same thing.

Seems like price-fixing in the bond markets to be honest.  I'm not holding my breath for a stock collapse simply because they have proven they don't need retail money to perpetuate this charade.

Feb 9, 2011 4:19 PM

so unless something always goes up every single day, it should be sold?

Feb 9, 2012 1:12 PM

well, whomever I called dumb the other day for paying the debts of others, Bove is agreeing with me.  Fools pay.

The real slaves are the payers and those who carry all the dead weight.

This truly is a ghettoed out grifter nation.

Feb 9, 2012 1:14 PM

Contracts now are about who you know, not the law or the black letter.

If you have superior patronage, your "rights" are whatever you say they are.  It's like playground or jailyard law.

Feb 9, 2012 1:17 PM

Bad credit?  LOL.

Offer the rental cash up front.  NOBODY is turning that down.  I once offered to cash 6 months worth because I didn't have a W2 job at the time and they immediately reversed their skepticism.

Don't rent a corporate rental, find a private or a prop company representing an individual landlord.

Feb 9, 2012 1:51 PM

it's not our goddamned fault you were an idiot and bought into a bubble.

You listened to the pumpers like silver bagholders around here listened to mosely-claven and they lost big.

But, take heart, because some big fish just got PAYD bigtime.  There is NO WAY a deal like this went through without some suitcases of cash.

Feb 9, 2012 1:57 PM

It won't be Judge Dredd.  It will be Judge Payd

Feb 9, 2012 12:08 AM

iphones are for losers

Feb 9, 2012 2:00 PM

does the media push hard work?  Do the banks seem to be about productive hard work?

Entire industries full of George Baileys have been systematically displaced by people who worship money so much they name themselves after it in a process of ruthless racist nepotism.  I mean, read some of the historical works, they are an institutionalization of cheating and defrauding every outsider.

Feb 9, 2012 2:01 PM

no...the correct phrase is "kinetic humanitarian action."

Feb 9, 2012 2:03 PM

you're not actually naive enough to believe that these hacks actually vote FOR things they want and AGAINST things they don't, are you?

They vote in whatever direction maximizes their political advantage.

Feb 9, 2012 2:49 PM

crackbooks suck

Feb 9, 2012 2:58 PM

a fool and his money are soon parted.

The planet is chock full of fools.  Americans are wilful fools

Feb 9, 2012 3:04 PM

WRONG.

At one point, the country was run by christian white males who had principles and morals.  The standards they established of ethics and rules of behavior stood the nation in good stead until that dominant morality was displaced by a judeo ethic.

The christian white male, George Washington, had the option to be KING.  He refused and set the standard of consecutive terms that would ultimately be enshrined into the Constitution.  Other christian white males could have become kings or despots and yet they insisted on rules that limited THEIR OWN POWER.

Feb 9, 2012 5:08 PM

Iran is problematic because we need a credible threat to destroy KSA to keep them under our protection.

If we knock off all their enemies, they could tell us to GFY

Feb 9, 2012 5:10 PM

persians are not that brown

Feb 9, 2012 8:13 PM

yep...artificial bond floor

Feb 9, 2012 8:15 PM

MANIPULATION!!!!!!!

WAAAH WAAAH WAAAH

"TPTB" want to kill all the goled

Feb 9, 2012 8:17 PM

RIGHT BECAUSE THEY WANT TO KILL THE GOLED

Feb 9, 2012 8:29 PM

oh STFU with this nonsense

Jan 1, 2011 3:16 AM

they use a lot of aluminum wires now...cheaper, conductivity close to as good

Jan 1, 2011 3:26 AM

I AM #1

lol.

what difference does it make?  Have you noted anyone here to be amenable to being convinced that their opinions are stupid?  I mean, I won't sugarcoat it; a lot of people have really stupid opinions but they cling to them like the last drumstick in a bucket of KFC at Oprah's.  I've seen people try to use the high road and state their cases "with respect," but it goes nowhere.  So, what's the point in it?  I may as well take the low road.

Jan 1, 2011 3:32 AM

naw, let's not.  Silver is not money in the absolute; that's a simple statement of fact. 

Jan 1, 2011 3:41 AM

what happened?  Gold production continued to decline.

if/when the production trend changes, the price trend will follow.  Certainly there is a monetarist component to commodities prices, but do not discount supply and demand and fundamental drivers

Jan 1, 2012 1:03 PM

I have worked with people who were senior officers in Afghanistan and had administrative authority over entire provinces.  From their mouths, we are guarding poppy fields.

Who knows; we may be growing the poppies.  It is a fact that the attempts at prohibition of growing in Peru and Colombia have stopped due to popular revolt against them.  US policy now is to protect narcoagriculture.

Has anyone noticed the steep decline in war/violence/homicide in nations where prohibition has been de facto ended?

Look at the situation in latin america...Colombia has had steep declines in violence because growing prohibition ceased.  The violence now is over distribution routes to the USA via Mexico, Honduras, Guatemala, and the Caribbean Islands.  You can check the wiki list of homicide by country to see this trend.  Producer states with reduced prohibition have seen sharp declines in homicides over the past decade, but distro states in central Am have seen sharp increases.

Nations like Brazil and RSA stop counting at a certain point.

Jan 1, 2012 1:07 PM

it was always a disease of high-risk behavior, fags and IV drug shooters.  Oh and if you're uncut and buttfuck a lot of chicks you probably get it too.  Just a couple of vectors explained 99% of the disease.

If you weren't doing these things, your risk profile was very low.

Jan 1, 2012 1:35 PM

eurodollars are by definition not under the Fed's auspices

Jan 1, 2012 10:01 PM

LOL...so here I go pissing on the ZH orthodoxy again.

An honest man versus a lying asshole was NOT the issue, was it?  Was THAT the thesis I responded to?

I said that RP won't be able to MANAGE THE COLLAPSE.  Learn to read, please.  Don't assume things that I do not say.

What you just did was a strawman fallacy.

Jan 1, 2012 10:02 PM

don't you have some more money to lose?  Why are you here, there are bagholders out there waiting to be conned into buying "with both fists" for "$60 by next week."

Jan 1, 2012 10:04 PM

you're right, I should have THOUGHT before possibly suggesting on ZH that RP-Messiah cannot manage this collapse.

I should have known that it would set off a bunch of negativity like when I chose to go against other pillars of ZH orthodoxy.  Oh wait, I did.

Jan 1, 2012 10:08 PM

what is WRONG with you people?

The shit in RP's newsletters was fucking TRUE.  It wasn't racist for RP to SAY on TV that blacks have a higher propensity for violent crime!  It was a FACT.

As long as you idiots' brains are boxed into this MSM-built cage, you'll never be able to avoid it.  Look at what this shit does to you and RP- the mere ACCUSATION of being rayciss paralyzes you.  Instead of discussing the issues, you get immediately sidetracked into defensive tilting at windmills.

If RP had this integrity, he'd stand behind his newsletters and tell the truth.  But then even you morons would throw him overboard.

Jan 1, 2012 10:14 PM

what the fuck is the MATTER with you, Tyler???

Population CANNOT GROW FOREVER.  It is NECESSARY to reduce it or else NATURE WILL and in ways we do not like.

How the fuck can EVERYONE be so goddamned stupid?  Bartlett was right, jfc.

And now I will read the comments where everyone piles on like lemmings....

Jan 1, 2012 10:16 PM

Are all of you idiots unaware that Kissinger or Heinz or whomever, despite being evil, are actually CORRECT on this point?

How many people are you morons going to condemn to a future of starvation in this "collapse" you all masturbate to?

Jan 1, 2012 10:21 PM

the reason africa's population has boomed is because the west keeps feeding their offspring that they will not feed themselves.  We send over tons of food and medicine.  It's like feeding stray cats; they reproduce at higher rates.

Eventually, the math will be brutal.  Mother nature ALWAYS bats last.

Of course it is unpopular to suggest we should encourage the tripling of a race that has never produced a single significant invention of any kind and only subsists on charitable food aid.  Oh wait, I think RP might have said that once and so I'll just unsay it.

Jan 1, 2012 10:23 PM

it'll just mean more malnourished african children with flies buzzing around their heads.

Look; these famines are perpetual...and rather than force population control as a function of do it or we won't feed YOUR kids, the idiot west commits suicide.  Good luck in a world with African invention and control.  It'll be awesome, like Detroit or Haiti.

Haiti is what a REAL "demographics timebomb" looks like.

Jan 1, 2012 10:26 PM

visit Haiti sometime...or just go to an island where deer got stranded

Jan 1, 2012 10:29 PM

RP doesn't support Israel's "right" to exist nor our 3-monkeys foreign policy support of them

Jan 1, 2012 10:32 PM

uh we're not exploiting the 3rd world.

The higher standard of living comes from OUR EXPLOITATION, IDIOT (as you call it).  WE brought refrigeration, WE brought electric power, WE brought modern medicine.

WE BRING ALL THAT SHIT.  THEY DON'T HAVE IT, nor can they CREATE IT, otherwise they WOULD HAVE ALREADY.

The higher standard of living requires MORE CONSUMPTION.  The earth CANNOT SUPPORT THAT.

Jan 1, 2012 10:35 PM

gasoline beats the shit out of ethanol.

there was nobody going to be running any significant cars on ethanol, then, now, or ever

Jan 1, 2012 10:35 PM

let's just grow forever because you are too stupid to grasp the problem.  Great.

No, YOU first.

Jan 1, 2012 10:37 PM

Sigh...wtf is wrong with you idiots?

The issue is NOT killing people off it is preventing EXPONENTIAL REPRODUCTION, ok?  It is CONTRACEPTION, NOT GENOCIDE.

I have no motherfucking clue how the world is to survive when people like you have the right to vote.

Jan 1, 2012 10:39 PM

take it that you, at least, are gonna start listening to me from now on, huh?

Nevermind; it won't matter.  Bartlett is correct; either we will choose or nature will. Period.  There's no escaping fate.

Jan 1, 2012 10:40 PM

what is even worse is when idiots like you equate genocide to birth control

Jan 1, 2012 10:43 PM

nah, I was right...the lemmings are everywhere.

It was a prediction which proved correct.

the universe isn't infinite.

Jan 1, 2012 10:48 PM

cite the part of my comment that was racist.

Jan 1, 2012 10:50 PM

ah, techno cornucopian magical thinking...love it.

Fuck the earth, let's just fuckin destroy it.

Jan 1, 2012 10:51 PM

you retard, standard of living = oil consumption per capita

Jan 1, 2012 11:00 PM

people do eugenics all the time.  Men marry the hottest bitch they can and women go after rich dudes.  Smart people get rich much more frequently, so this is creating, right before your eyes, an upperclass that is smarter, prettier, and richer.

You people's heads would blow up if you looked into the research that shows correlation between asymmetry in facial features and criminality.  Aka, criminals are far more likely to look like a cretin and vice versa.  Prettier people actually smell better too.

None of these details are subjective; it's all objective data.  If you look in latin america, you see a ruling class that gets whiter.  The rich men chase whiter, taller, blonder women (the blonde gene is an evolutionary expression to get noticed; it works), and so you end up with a prettier, taller, richer, smarter upper class.  Happens everywhere.  Even places like Rwanda.  The paper bag test comes from blacks themselves.  And the children there show a preference for blonde, white dolls, even if they have no TVs around, no magazines, no oppressive whitey or any of that shit.  As I said, your heads would get all BLOWED UP if you even took the time to peer into any of the psych studies.  Oh, and your baby is RAYCISS.

Diversity and this idiocy that "culture" creates people is asinine; it is people that create culture as a function of their aggregate attributes.  This is why chimps don't have other than chimp culture; it's what they're capable of as a function of their biology.  Or to dumb it down to something that you cretins can understand, stupid is as stupid does.

Jan 1, 2012 11:02 PM

who is this "they"? 

Jan 1, 2012 11:15 PM

Why are you asking me nonsequitur questions in response to a statement?

The issue was not who I would prefer to have in office.  the issue was whether RP can manage a collapse that is outside of our control better or differently than some other guy.  I don't believe it'll make a difference, and I was primarily responding to the ZH echo chamber notion that RP is somehow gonna SAVE US.

In a collapse, it won't matter...the government cannot maintain control.

Jan 1, 2012 11:17 PM

why do you FUCKING CARE WHO WROTE IT, when it is TRUE?

Free your goddamned mind!

Oh, and the analogy between ZH's comments section and RP's newsletters is incredibly weak.  Shamefully so.

Jan 1, 2012 11:22 PM

95% may be a little bit low for DC.

YES, nearly ALL of the goddamned black men in DC are criminals.  Issue?  What, that you just can't believe it? 

Hell, dude, half of black men nationwide are criminals, provably so.  As in jail, on parole or probation, or awaiting trial.

RP also said what I said he said.  In addition to the above.

Jan 1, 2012 11:44 PM

Spock, like a lot of smart people, overestimated the intelligence of those around him

Jan 1, 2012 11:48 PM

most foreigners don't know that shit either.  Hell, I've met brazilians who didn't know their own states

Jan 1, 2012 11:56 PM

you're a moron if you voted for Obama and are trying to blame the last guy for his failures.

Jan 1, 2012 12:09 PM

sure, they do.

They defend the MSM's position nearly to the death on a variety of topics.  I am eager to see RP do well in Iowa and then have the MSM run the clips where he uttered "hate facts" like that blacks have a higher propensity to violent crime.

I think RP supporters' heads may blow up at that point.  So far they have escaped the dissonance by saying RP's newsletters weren't really RP's newsletters.

RP is what most of his supporters on ZH would call "a racist."

Jan 1, 2012 2:18 PM

the FRN is a weapon...debtmoney always has been

So an act of financial war against Iran...great.  More freedom coming!!

Jan 1, 2012 2:20 PM

What you cite is False Dilemma.  Watch ZH and it appears nearly constantly.

the economy isn't a shitshow for the peeps at the top; never been better for 'em.  You really have to get out and meet some really rich people.

Jan 1, 2012 2:20 PM

well as the story goes, God was handling the aim; how could you miss?

Jan 1, 2012 2:22 PM

try this sometime; grab a guy you don't like and pinch his nose and cover his mouth and deprive him of air.  See how long before he punches you.

The USA is a passive/aggressive BITCH these days

Jan 1, 2012 2:25 PM

let's see...Pukistan has them...PRK has them.  How many nations have other nuclear-armed states invaded?

So if Iran has the Bomb, we won't be able to invade them?  Oh noze.

Let's compare our body count in "freedom ops" to Iran's.  Our brand of freedom is in actuality highly oppressive and highly lethal.

Jan 1, 2012 2:28 PM

try it sometime.  It's really rather illuminating.

I have said it before and will do so again; the middle class doesn't matter.  The upper middle and lower upper do; the trade classes.

500 channels and SNAP go a long way as far as opiation.

Jan 1, 2012 4:25 PM

how's RP gonna manage it, by going to the "gold standard"?  LOL...won't make a bit of difference

Jan 1, 2012 4:57 PM

I have to tone it down at work, obviously.  lol

Jan 1, 2012 5:01 PM

I don't see the connection between the war and the economy.

The people pushing the war haven't a fucking clue about the economy because they are insulated.  As you said, they DON'T shop for groceries, they DON'T change their oil.  These things (Iran) seem "serious" to them for whatever reason they surrounded themselves with an echo chamber to reinforce.

I would posit that an oil grab in the face of Peak is a driving factor far beyond any dog wagging.

Jan 1, 2012 5:03 PM

bingo.  Terminal disconnect.  That is my point.

So why would they think there's an association between war and the economy?  The economy from their perspective is fine.  The masses are just whining and jealous and should be happy with their SNAPs and that they are allowed to have 500 channels and a house.

The masses exist to serve the elites just as that crazy rabbi insists the goyim exist to serve the jew.

The elites have a horde of sycophants telling them how cool they are.  Bitches want to fuck you just because you're rich; how much bigger an ego endorsement can a guy get?

Jan 1, 2012 5:10 PM

what Iranians said that?  A lot of people say a lot of shit...so what?

Jan 1, 2012 8:54 PM

petitio principii...classic example of this fallacy.

The issue is not about the womb, but the life contained inside of it.  The pro-abortionists cannot have an honest debate on THAT topic, so they should be ignored.

Women can do whatever they want with their wombs but not the lives contained therein.

What I find laughable is how many abortionists are PETA members.

Jan 1, 2012 9:01 PM

lol...watchin Cantor on 60 Minutes...triber with a nice GS wife.  Gee, what are the odds?

Then they follow up with the SAT-for-hire guy who scored lower than I did. 

Jan 10, 2011 1:03 PM

how fuckin many times are you going to spam the SAME message onto the forums here?

Gov't workers are paid OUT OF TAXES.  They do not generate real taxable income.

And fuck teachers, firemen, and police officers

Jan 10, 2011 1:14 PM

All I hear is a lot of whining from a slug...some kinda incoherent chirping about edited posts and barbecues for which there is absolutely no evidence.

But now that this topic is off the first page, I can't be expected to respond any further...if/when you can catch me posting before coffee, you'll just have to be quicker on the draw.  You must have tasted it

Summary judgment for Trav

Jan 10, 2011 1:19 PM

AH HAHAHAHAHAHAHAHA...

Schroedinger's Cat jumped out of the box before you could collapse the wave function.

Jan 10, 2011 1:51 PM

Meep meep

Don't look up, there's an anvil coming

PUNKD

Jan 10, 2011 11:36 AM

that has nothing to do with it...the issue is that the probability weighting of the B/B card is doubled in the given scenario

Jan 10, 2011 11:40 AM

moronic

Jan 10, 2011 11:53 AM

a fleeting moment slipped through your grasp...

Jan 10, 2011 12:04 PM

I see no evidence to corroborate your claims.  Do you have any?

The Quick Red Fox Jumps Over the Lazy Brown Dog...leave off the S for savings BEYOTCH

Jan 10, 2011 12:27 PM

Deserve's got nuthin to do with it

The money isn't there and won't be.  At some point the spotlight has to shine onto the gov't actors for their failure to execute their duties competently and without corruption.  The pension savings got spent; the plans were systematically underfunded so that gov't actors could go on spending binges for their cronies' benefit.

The wanton and ubiquitous malfeasance of government actors does not establish an involuntary servitude contract with the entire population.  Such a notion is untenable.

Jan 10, 2011 12:37 PM

Sacrifice?   WTF?

Federal employees outearn private sector and the fedgov is chock full of diversity hires who are utterly incompetent.  There is no sacrifice going on.  They're lazy morons.

the IRA I paid into.  The 401k as well.  There is NO MONEY IN THERE promised from ANYBODY ELSE.  A ponzi pension isn't analogous to something that you actually PAY into.

Jan 10, 2011 2:06 PM

this shooting wasn't a big deal but it will be a big deal to Congress.

Also, Simon black is a pussy...lots of things get solved with violence; in fact, it appears to be the only thing to finally settle anything these days.

Jan 10, 2011 2:15 PM

Force you to pay oil in dollars but won't let you pay if we don't want.

This is kind of like having tons of money but the bank won't let you at it.

We just won't "clear the USD transaction" through our USD banking system...lolz.  Only approved dollar purchases will be permitted

Jan 10, 2011 2:26 AM

again, as was pointed out, basic Federalism gives police power to the Several States.  The Feds only have the ability under various doctrines to enforce Federal statutes, and this one pertains solely to federal employees in discharge of federal duties.

Arizona will also file murder charges for the federal employees.  There was NO violation by Loughner of federal statute outside of the murder and/or attempted murder of federal employees in discharge of federal duties.

If you don't know, then ask.

Jan 10, 2011 2:29 AM

don't thank him for erroneous information.  His answer is incorrect.  Ivy's was correct.  Yes, I too am an attorney.

Arizona will file murder charges for the federal employees as well.

Jan 10, 2011 6:44 PM

They don't want "global responsibilities."  That is the hubris of the USA trying to be "superpower" and our delusions of Roman grandeur.

As for destabilizing and/or starting a war with India...forget it.  Too many nukes, too many quality armaments.  Too cozy a relationship with Russia, India is UNSC expansion country.  We'd have to engage in the style of war we'd have to fight China with and this would get potentially very ugly.  Using Pukistan is a complete non-starter.  After India destroyed them, AQ would move into that vacuum.

Jan 10, 2011 8:25 PM

I dunno who is more mentally ill, Loughner or this forum...he's a schizo and this forum is bipolar between DEMANDING violent revolution and then when someone does pull the trigger, demanding that the State summarily execute him.  Idiots.

Jan 10, 2011 8:33 PM

they took it from somebody else

Jan 10, 2011 8:36 PM

He kills 6 people, including a 9-year old girl and he's smiling like its his birthday

 

Those apache pilots who lit up those reporters seemed pretty gleeful too.  Must be something in the water around here or something

Jan 10, 2011 8:38 PM

how many children have our armed forces killed in the last 7 years?

They should all ride the lightning, yes?

Jan 10, 2011 8:47 PM

I am appalled by the bloodthirst on this site.

This is what war looks like and you guys are falling over yourselves to be hysterical.

Jan 10, 2011 8:49 PM

just another bunch of dead people...I didn't know any of them.

Everyone should care as much as the last Predator strike on a house full of "collateral damage"

What the fuck did all you idiots think "the Revolution" was gonna look like?  There won't be any fuckin unicorns and rainbows

Jan 10, 2011 8:55 PM

State-level rebellion means Federal Power likely to wane.  All the people worried about mass confiscation of things should look to their states for clues.  Some of the western states have said fuck you to certain gun laws, most specifically repudiating them as an attack on the Commerce Clause encroachment.

AZ is saying eff off to federal policy on immigration and border security, and VA is chirping about alternatives to the FRN.  The real fireworks come when all the pensions and budgets collapse and the Fed tries to pimp them through the FRN

Jan 10, 2011 9:41 PM

seriously, fuck the government and fuck the "victim's families."  Justice does not revolve around what people want.

As far as death penalties, the same State that daily lies about shit as mundane as the employment rate can decide to lie about forensic evidence (and has).

Jan 10, 2011 9:43 PM

agree...

WHY HAST THOU DELIVERED ME INTO THE HANDS OF THE PHILISTINES??

Jan 10, 2011 9:49 PM

I mean, shit, we lit up a fucking wedding party even at one point.

I have 2ndhand stories of people known as butchers in Iraq, who lit up streets with machine guns.  They were KNOWN as off reservation by their COs.  Nevermind the "collateral damage" by all those drone strikes, bombs, whatever we dropped.

Do you people around here have a fuckin CLUE what "collateral damage" means?  It means INNOCENT DEAD PEOPLE, often WOMEN and CHILDREN.  We have seen our commanders doing the equivalent of high fiving that they blew up a house with 3 high value "AQ" targets and 15-20 innocents.

So spare me the goddamned hysteria about what kind of tragedy this was.  It was just any other fuckin day

Jan 10, 2011 9:51 PM

Are you on the fuckin RAG or something?

America's GREATEST tragedies?  What type of hyperbole is this??

What, are we short on jews or crooked congressmen or something?  WTF? 

Jan 10, 2011 9:56 AM

doesn't matter if you prefer "me," the gerund takes the possessive

Jan 10, 2012 1:58 AM

why can't you people stop from constructing false dilemmas?

Is it because you can't admit the truth of a particular matter, so you construct a bullshit strawman dichotomy so you can say it's EITHER one or the other?

Silverbugz got smoked.  I never said anything about holding fucking FiAT PAPER.  Where the hell did you come up with this?  Who the hell said I owned Treasuries?

Jan 10, 2012 1:59 AM

let's say you had a pair of balls.  That would make you a man.

unfortunately, you're just a bitch.

Jan 10, 2012 10:03 PM

why are you asking me questions for which you already know the answer?

When you answer that, follow with why you think I am saying silver is undervalued because I wasn't cheerleading the recent bubble.

Then, finish with where I said supply > demand and that price should decline.

As an aside, silver production and consumption figures can be pulled off the web with a simple search for "silver annual production consumption." 

Jan 10, 2012 10:04 PM

well, peak oil discussions go so poorly around here, you'd better watch out with this assertion of such a thing as peak silver production.

Jan 10, 2012 10:04 PM

no; I never said to sell at any of those price points

Jan 10, 2012 10:07 PM

dick move dude.  Seriously.

especially with the fact that you lend nothing to ZH so far as I can see other than personal attacks on posters you don't like.  And yes, you HAVE called for banning several times.

Jan 10, 2012 10:14 PM

no; I'm still here.

my mockery of your opinion isn't vandalism, because your opinion isn't art.  I've seen you do your schtick with other posters, where you are inadequate to frame an argument so you call for banning.  That is intellectually lazy and actually quite cowardly.  Maybe you would fit in better at TickerForum?

Dialogue isn't agreement with your echo chamber.  It may shock you to know that there are a goodly number of people who agree with my point of view.

Jan 10, 2012 10:19 PM

someone else here doesn't get sterilized.

DUH.

See, the bugz never let the truth get in the way of a good jihad.  It really doesn't matter what my opinion on silver is.  I've stated it pretty clearly and factually several times.  Hell no.  What matters in any good stampede is going along with the herd.

Some may think I have it in personally for them; nothing could be further from the truth.  They don't mean anything to me in a real sense.  Others may think I "hate" silver...wtf?  Hate a metal?  How could I hate a metal, it's an inanimate object.  I have no emotions whatsoever toward it.

Jan 10, 2012 10:25 PM

that's the 64k question, ain't it?

Silver's production doesn't appear to have really strongly plateaud for any real time so it's indeterminate at this point.  As far as 10x making me rabid, hardly...I would expect a tailwind over the course of a decade or longer.

Obviously, the BIGGEST wildcard in metals production and especially for silver and PGMs is the availability of energy.  Supposing we "muddle through" with NG or some other source, the supply declines against rising demand in metals could be very pronounced.

If, however, this does not occur - energy production dives like Cantarell - then silver won't be popping.  Its industrial uses will cease like industrial uses for a lot of things because industrial use period will decline with aggregate energy supply.

I'm not a strong enough believer in silver to amass any real large quantity of it.  For people who talk about "physical possession" so much, I would think they'd prefer something that they could actually possess, like on their person.  And carry.  Makes no sense whatsoever to talk about physical possession of something you can't take with you.  This is why holocaust survivors keep diamonds, gold, and currency in deposit boxes.

Jan 10, 2012 11:00 PM

feel free to write tyler and let him know

Jan 10, 2012 11:04 PM

bbbbut....bbbbut...production CAN'T peak.  We'll just use ionic liquids or some such shit to magically maintain an exponential growth curve.  Won't we?

I mean, when you substitute "oil" for "silver," that's sure as shit what you hear.

I agree with what you're saying, just had enough of the irresponsible stampede herd mentality.

Jan 10, 2012 11:05 PM

PWNED.

And the other guy got pwned by a freakin TROLL.  silverbugz are getting pwned by people who are making SARCASTIC calls for knowingly bankrupt banks' shares.  lol

Jan 10, 2012 11:06 PM

huh?  Physical metals don't earn a coupon, dude, unless you play paper games with them

Jan 10, 2012 11:35 AM

Ignoring RP continues:

http://www.huffingtonpost.com/2012/01/10/dixville-notch-primary-results_n_1195592.html?ncid=webmail1

Note that they do not even MENTION HIM in their results in the headlined 2nd paragraph.  Further down you can see that RP got 4 votes to Mormney's 5 in one of the quoted sections.

You actually have to dig to find out how RP did in any election.

The MSM has decided, and even explicitly stated, that he is "unelectable."  This train we're on will not be allowed to be derailed by anyone.  They will not permit an end to GWOT or WOD or the spy state or the Fed system.  The ONLY difference between the two parties is on WEDGE social issues like gay marriage or abortion.  You are expected to pick a "team" and root for it.  Players may move from the other team to your team from time to time and there is no material difference between, for example, two NFL rivals like BAL and PIT.  They are collections of professional players.  It is certainly possible for the ENTIRE ROSTER of one to go to the other and vice versa and the fans are expected to now cheer for players they previously spat at merely because they put on a different jersey.

The election system is a sham and using "the system" cannot any longer produce success.  We are legitimately looking at a "soft Egypt" where election outcomes unfavorable to the power structure will be rejected by force if necessary.

Jan 10, 2012 11:40 PM

there is nothing whatsoever honest about you, nothing whatsoever intelligent, and you do not "discuss" anything with anyone.  you spew vitriol and you cheerlead.  and you are a fan of censorship, thought control, and orthodoxy.

You are not who you claim to be.

Jan 10, 2012 11:45 PM

Ok, Bob Moriarity

Is it actually dawning on you now...things that dawned on some of us a year or more ago?  Try listening, seriously...wtf

Jan 10, 2012 11:46 PM

what if it's actually raining while I'm pissing on you?

Jan 10, 2012 11:49 PM

Britain had periodic gold/silver imbalances.  The historical ratio was an average.

Once the Sterling Bill came to be, they were able to fix the POG worldwide.

Jan 10, 2012 11:51 PM

um...some of us like discovered women

Jan 10, 2012 11:53 PM

silver will only increase your wealth via speculative bubble.

energy supply collapse will eliminate demand for silver as surely as night follows day.  Substitution will occur just like the chinese knock off swiss watches.

Already most household wiring is aluminum with fkin paint on it as an insulator.

Jan 10, 2012 11:56 PM

Gold gets you out of the country.

Look; if you want to know what to keep "just in case," emulate the jews.  They have currency, gold, and diamonds and next to nothing else.

The bosnians who couldn't get out had to worry about stashing ammo.  I know (biblically) a couple of chicks who lived through that war and nobody from there talked about ammo stashing and the rest of this BS.

Jan 10, 2012 11:59 PM

there wasn't that much gold.  What there was was an ungodly amount of silver in the new world.  These finds in this hemisphere, along with Sterling Bill machinations, changed the fundamentals of the ratio.

Jan 10, 2012 12:10 PM

bullshit.

Most case law establishes conclusively the RIGHT to resist unlawful arrest with deadly force.

Seriously, before speaking, do research.  Caselaw opposite of this premise is in the minority.

Jan 10, 2012 12:11 PM

we eat oil now

Jan 10, 2012 12:13 PM

R U dum?

Women don't want to think; they want to feel good.

Jan 10, 2012 12:17 PM

it is pretty well-established jurisprudence.  I think one state, who the fuck was it, Illinois, recently abrogated that right in their highest state court.  An absurd ruling.

You have the right to resist unlawful arrest, up to an including taking the officer's life.  There was another recent case in another midwest state where they reaffirmed this in unqualified fashion.

Jan 10, 2012 12:39 PM

not exactly.  The global financial system makes it impossible to get energy without participating in a debt racket.  This is what happens when usurers control production and is WHY usurers have periodically been run out of countries throughout history.

So for Hungary, it's either starve and freeze or else knuckle under.  Iceland has its own energy and they even eat horses there.  They have had to belt tighten and become more autarchic.

It was either that or allow foreigners to take possession of their country as landlords. 

Jan 10, 2012 12:40 PM

well you pay $400 for $40 worth of silver.

But it IS a get out of a jail free card with your bitch

Jan 10, 2012 2:02 AM

wow, the klan is sure crawling out from under rocks on here tonight.

You people are unabashedly racist, eh?  Like in a pretty unenlightened way...disturbing.

Jan 10, 2012 2:04 AM

WTF, you aren't getting away with this you lying weasel.

I have NEVER called for genocide.  Sterilization is NOT GENOCIDE.

No amount of lying, dissembling, and weaseling can change this. 

Jan 10, 2012 2:08 AM

yes, I go through contortions by....QUOTING YOU.

Nobody has to go through any gymnastics to show you as wrong, cliff; you do it yourself.  A chimp could prove you wrong simply by being trained to record your predictions.  That's because your error rate is ONE HUNDRED PERCENT.

You fucking lying weasel.

Jan 10, 2012 2:09 AM

bwahahahahahaha...161.  Dude, if you're going to lie, lie credibly, ok?

HAHAHAHAHAHAHAHAHA

Jan 10, 2012 2:13 AM

huh?  The chinks have a 30 year track record of this. 

why the fuck is everything everyone else does somehow OUR fault?

Jan 10, 2012 6:00 PM

Iran has little choice at this point but to set off an atomic weapon.

Jan 10, 2012 7:24 PM

probability that once they do, rabid slobbering ZH silverbugz start announcing "$60 by next week"?

100%

Jan 10, 2012 7:25 PM

silverbugz are the new idiots

Jan 10, 2012 7:25 PM

nah

Jan 10, 2012 7:26 PM

you cretins think a bunch of doomers buying silver eagles makes a dent in the fkin silver supply?  LOL

It's time to put down the chinese AKs, put on a shirt and get out of the doublewide

Jan 10, 2012 7:29 PM

Italians don't play baseball, Tyler

Jan 10, 2012 7:33 PM

so I'm somebody else now?

maybe I am Tyler Durden too huh?

Jan 10, 2012 7:36 PM

BWAHAHAHAHAHA...you couldn't demolish a pile of leaves, akock.

The thread went onto page 2.  I have better things to do with my life than go to old threads just to embarrass you or watch you make a fool of yourself.  There's a new thread every day in which that happens.

Who is Bob Moriarty, is that the guy who was the nemesis of Sherlock Holmes?  You're no Sherlock Holmes, not even a John Holmes.  You could be John Holmes's fluffer though

Jan 10, 2012 7:38 PM

when production peaks, I think it will go up probably by 5-10x.  I would be more of a fan of platinum for a metal that has significant industrial use but is also rare.

Jan 10, 2012 7:40 PM

I'm the jester bc I told you to sell at 49?  Wow.  ZH sure is full of really smart, sharp people.  Wow, you all are so impressive with your stacks of silver worth half as much as 6 months ago.

750M indians buying silver?  With what, the TWO dollars a day the average one of them earns?  They don't collect food stamps like you so that doesn't leave much disposible income.

Silver supply/demand can be checked through a variety of sources.

Jan 10, 2012 7:41 PM

The US is a minor silver supplier...

Jan 10, 2012 7:42 PM

dude, don't you know silverbugz can carry 30,000lbs?  And will have access to fuel and trucks and construction equipment like cranes when "TSHTF"?

Jan 10, 2012 9:13 AM

so the ponzi bubble being run by chinks in china for their own benefit is our fault too?

they have no complicity in it whatsoever?

Jan 11, 2010 1:14 PM

All the Fed would have to do is lend to a bank at 0% and have them buy index futures.  That's it.  And they can shrug and pretend they had no idea.

Bama told everybody what was gonna happen on Mar 6.  And then they went and did it.

Jan 11, 2010 3:12 PM

You gotta have Cuomo in your death pool now.

Jan 11, 2010 3:13 PM

Can I mark my feces to model and get in on this?  I'm thinkin 200, 250 million

Jan 11, 2010 3:54 PM

Well, then they can repo the securities to the Fed and get the cash back and repay the loan.  And it's all good

Jan 11, 2011 1:01 PM

Krugman, like most on the left, wants to reserve the right to be an idiot but not be called out for it.

They insult everyone nonstop but have the thinnest fucking skins imaginable.

Jan 11, 2011 1:03 PM

nobody cares about men or male unemployment.

Everything revolves around women and diversity...men should STFU and get back up in that bucket in the driving rain and get the goddamned power back on.  NOW.  Or just STFU and die bc nothing good was or is ever done by white men.

Jan 11, 2011 12:37 AM

So the "rhetoric" is getting too hot?

well, so now I hear some idiot saying AZ is the "bigotry and prejudice" capital now, huh?

so the RHETORIC is too hot but not too hot to start calling anyone who disagrees with your partisan agenda a bigot and a racist.  I mean, sooner or later, someone might get pissed off enough to shoot you over this.

Jan 11, 2011 12:42 AM

Are you a fucking idiot?  The rhetoric coming out of the LEFT is INCREDIBLY INFLAMMATORY.

All they EVER DO is accuse EVERY SINGLE PERSON who disagrees with them of RACISM and BIGOTRY.

Now, Arizona is the BIGOTRY and PREJUDICE capital of the US!  Right out of the MOUTH of a leftard.  People are getting sick and fuckin tired of this, to be perfectly honest and some people need to watch their mouths or get punched in them.

The left is like fucking muslims who riot over the accusation that they are violent. 

Jan 11, 2011 3:32 PM

wow...a 5 point drop.  is that what we're reduced to here?

Jan 11, 2011 8:36 PM

as long as production continues to decline against steady demand, the price trend will remain.  It's as simple as that.

There is no bubble and no fever.  Nobody has a freakin clue how much gold is per oz.  I think they implicitly know that a silver $1 is not one dollar but if you showed them a 1/2 Eagle, they would probably insist it was only worth $25.

In a way, the recent "unstylishness" of gold jewelry has obscured the price movement.  Silver jewelry is at such high margin compared to material costs that there has been no real reason to raise the cost of a tiffany charm for example, when an ounce was $7 and now it's $29, when the thing sells for $250.

If people were still trying to buy gold chains and bracelets like the 80s, I think their eyes would bug out.  Something with an ounce content is up $1000 from the old days, whereas for silver it's up $25.  Percentages may vary but the sticker scalar amount is what gets attention.  The substitution of silver for gold is a hedonistic adjustment measure that the Fed should use to show deflation

Jan 11, 2011 8:41 PM

wtf is this gold useless shit?

Look, if gold were ABUNDANT, there would be a ZILLION uses for its high conductivity and inertness, its density.

JFC, they have a zillion applications for metals resistant to corrosion, niobium, hafnium, zirconium, etc.  Gold can form alloys to increase corrosion resistance.

The ENTIRETY of use of SILVER for electrical conductors WOULD BE replaced with gold if gold were more abundant or cheaper.  Gold has tons of legitimate industrial uses, just not at $1400/oz.

Platinum is another with lots of uses, but already auto catalysts are substituting for it because Pd can serve almost as well and for half the price per oz (for now). 

Jan 11, 2012 1:08 PM

and not ONE person in the room wanted to clap, yet the system put them to death (by other people who agreed with them) if they did not conform to something that NO PERSON desired to conform to.

Jan 11, 2012 1:10 PM

uh, no it isn't.  Try rocks and punishment for eating bugs you can find.

Labor camps are places in PRK where you go and never come back from.

Jan 11, 2012 1:18 PM

no; it's because the SYSTEM is suicidal.

Re-read the Stalin post above and my response to it.

There is NOBODY in PRK who liked Dear Leader.  Yet every single one of them goes along with the system despite 100% opposition to it.

If any of you have a JOB, you can see this right in front of you.  NOBODY is willing to risk ostracism for challenging consensus.  There are actually psychological and mammalian studies on social groups that demonstrate that fear of exclusion is considered actually worse than death if you consider the behaviors of social animals.

A herd of humans will march in lockstep toward a goal the opposite of what ALL individuals desire.  And, if one breaks ranks, others WHO AGREE will be the very ones who lead that person off to execution.  And they might, in a quiet moment, confide in the condemned, "yes, I agree with you, sorry."  And they will still pull the trigger.

I see this same thing here on ZH; it is a an utterly confounding artifact of human psychology.  It was far more profound on tickerforum.  People who would argue with me and seek to have me banned would send private messages confessing total agreement with my position.  It happens in meetings where I dissent.  Those who agree WILL NOT RISK voicing their agreement and will actually oppose the message of dissent but then off the record, in the hallway, yeah, I agree 100%.

This shit happens all the time.  Our systems are marching us toward self-destruction.

Jan 11, 2012 1:22 PM

most of us carried weapons every single day that would get us expelled now.  Most of my peers owned high-powered rifles capable of penetrating body armor.  Had them in their bedrooms.

We actually used to get out our weapons in school and use them for sharpening things or just for random fun.

Idiots like you with your "conventional wisdom" and consensus opinion are the problem.

Jan 11, 2012 1:35 PM

China is the happy joyjoy future for all of us who are not nobility!  I can't wait.

The marvelous thing is the stupid, dipshitty "causes" of all the iLemmings, all their "sustainable" bullshit while they chatter away on sweatshop devices and post their trifling lives on the interwebz

Jan 11, 2012 1:37 PM

even ZH "freethinkers" had an orgy of mourning for Dear Leader Jobs

Jan 11, 2012 1:38 PM

challenge ANY of them to show a substantive difference between Obama and Busch and ask in light of the results, why the fuck they would want to vote for someone OTHER than Obama.

Ask them to write down the differences between these candidates.  They won't find any.

Jan 11, 2012 11:47 AM

2 minutes of hate, throw your shoes at Emmanuel or else!

How many fingers do you see, bitchez?

Jan 11, 2012 11:48 AM

search "War on Boys"

Jan 11, 2012 12:00 AM

huh?  Slave labor wasn't much of a factor ever.  It was only useful in lower latitudes anyway.  This is the reason for the demographics trends as juxtaposed with geography (aka, blacks were susceptible to respiratory tract infections at higher latitudes)

Jan 11, 2012 12:02 AM

that's simply not an accurate way to think of it.

A computer in 1940 was worth millions.

Gold is supply AND demand like anything else.  Do not assume demand has been level.  It has fallen per capita.

Jan 11, 2012 12:07 AM

horseshit.

Westerners stole nothing and gave everything in trade.

The new world produced far more silver than gold, higher than historical ratios.

The Chinks never sailed around the world...they sailed to Africa and no further.  They took back some africans as slaves and castrated them.

Jan 11, 2012 12:08 AM

DATS RAYCISS

Jan 11, 2012 12:10 PM

you can ignore the laws of gravity for the rest of your life

I love how there are now IEDs being used to assassinate scientists.  Sounds like terrorism.

Jan 11, 2012 12:13 AM

pop open an outlet and take a look for yourself...I wouldn't have believed it either.  I don't know how most residential construction passes code.

Jan 11, 2012 12:15 AM

no thanks, even comped

Jan 11, 2012 12:19 AM

have noted similar trends in other south american countries.

Jan 11, 2012 12:21 PM

once more unto the breach, dear friends...

he was exceptional *because* he fought.  His peasants respected him and their bravery was admirable.  His example pretty much kept them in place at Agincourt in the face of attacking cavalry and 5-1 odds against them.  The French nobility was on the front lines in opposition.  Would that our present wars featured this arrangement.  By WW1, the peasant class got very tired of jumping to the bugle and getting cut into hamburger.

As an aside, Henry V claimed the throne of France, demonstrating again how the entire England/France history of war was a family feud.  Many, many people died so that nobles could settle pissing matches with their cousins, uncles, and brothers.  H5 was great grandson of the former King of France and married the present King's daughter.

Jan 11, 2012 12:22 PM

the type of hyperbole you warmongers spew is shameful.

The nations with the capability to hit the entire US are all allies excepting Russia.

Jan 11, 2012 12:24 AM

huh??  Japan is a faultline.  Faults are everywhere.

Please don't tell me you believe they built it there knowing that a quake was inevitable within the next 50,000 years and would kill lots of people.

Jan 11, 2012 12:25 AM

you seem unable to grasp "specific intent"

Jan 11, 2012 12:26 PM

Israel and the US. 

Car bombs and other explosive devices cannot be classified as other than terrorism.

Israel, in particular, specializes in this type of terrorism technique.  You can bing up the history of the palestinian called "the engineer" and how they got to him.

Jan 11, 2012 12:27 AM

I have to ask:  do any of you people have jobs where you have to interact with other people?  Do you not DAILY see this phenomenon in play where groups of people, individually smart enough to do something not stupid, end up doing something VERY stupid while the whole entire group goes along with it?

Jan 11, 2012 12:28 PM

don't take this the wrong way, but you're a fuckin idiot.

What nation has waged more wars than any other and invaded more nations than all others combined in the past 50 years?

Jan 11, 2012 12:36 AM

they would get cash and told "if you wanna buy silver, go talk to a miner, dumbass"

Jan 11, 2012 12:37 AM

we're not going to use this shit as money, ok?

Jan 11, 2012 2:02 PM

was I insulting silverbugz?

Jan 11, 2012 2:07 PM

no...people DO care.  Or they pretend to care and ostracize those who admit they don't care.

You're an OUTCAST if you don't go along with the "conventional wisdom" and "consensus opinion."  That means THOU SHALT love "social media" or "iShit" or ANY trend that the madison avenue semites shove down your throat using their cousin Bernays' manual on how to steer zeitgeist.

Don't you know you're not COOL and HIP and PLUGGED IN if you don't tweeter some banal shit every 6 minutes?

Hell, teen girls are actually killing themselves over this shit.

Jan 11, 2012 2:12 PM

Did you tell him Bama promised to bring the troops home and close Gitmo day 1?

Or just do what I do and mock people like that.  Fool me once, shame on....shame on you...fool me...not gonna get fooled again.

Just so you know, much of my schtick here is borne of the fact that people are highly resistant to education.  They cling to their absurd faiths.  That is what your friends are doing.

It is too frightening to stop clapping or not cry for the deceased Dear Leader or to say "wait a minute, this is bullshit and you all know it," or to admit that the system is a sham and suck it up and take the necessary action to correct the problem.

Jan 11, 2012 2:16 PM

when I am in the 3rd world, I refuse to buy shit made in china that they sell there.

I am like listen I can buy this shit back home.  Fuck china.  Clothes made in brazil are of universally better quality than that other crap.   You can tell the difference between native clothing and china in a place like Colombia just by touching it.

Jan 11, 2012 5:59 PM

yeah, um, medieval europe wasn't really that primitive and neither was prehistoric europe.

But that said, WTF does ANY of this have to do with ANYTHING?  It's ANCIENT HISTORY.  NOBODY gets to claim credit for it.

Jan 11, 2012 6:03 PM

they don't have 200 suicide boats and that wasn't the wargame, moron.

Suicide boats would be shot to hell by helicopters.  The risk was fast speedboats hard to lock up with large ships and those boats had antiship missiles or active torpedos.

If the Iranians or anyone else is massing this type of boat in strength ahead of our CBGs, you can expect substantial air cover to precede the ships.

Pretty much every ship we have can service an attack helicopter

Jan 11, 2012 6:14 PM

no.  You have never seen wartime ASW.

Jan 12, 2010 3:26 PM

Is there ANYONE who is surprised?

I mean, GS busted out a massive hedge fund, Amaranth, years ago by taking positions opposite their levered longs, then rejiggering the GS commodity basket, causing a selloff in the gasoline futes that Amaranth held!  And Amaranth used GS as a clearing broker.

They were able to force liquidation and snap up Amaranth's long positions to cover their own shorts.  This is why gasoline dove to $1.40/gal or whatever a couple of years ago despite the oil runup.

GS is a predator.  You have money, they want it.  Figure out what happens next.

Jan 12, 2010 5:16 PM

Oh, so...what, the Constitution MATTERS now??  LOL

Jan 12, 2011 1:07 AM

inferior brain?  WTF?

Let's see your slope record of inventions...I'm waiting

our dicks are bigger too

Jan 12, 2011 1:08 AM

huh?  You don't "get" it?  WTF about 6% of annual gold production do you have a struggle with?

Jan 12, 2011 1:09 PM

that's because you live in CANADA, dumbshit.

Try moving somewhere there are brown people

Jan 12, 2011 1:22 AM

gold is 3rd highest conductivity and inert, unlike copper and silver.  But, yes, alloying it in would split the difference between inertness and conductivity.  Aluminum is a highly used wiring metal now, at least in residential applications.  Look in the wall, you find a lot of aluminum in there.  Gold would be superior for that too. 

Gold is too expensive to overcome substitution.  Pt and Pd are not...so far.

Jan 12, 2011 4:51 PM

I need to get a job with a PD bc that shit makes bonuses and that's how a nigga eat.

Also, Congress?  LOLZ...they are in the business of stealing from taxpayers.  They're like the vault guard that takes a fat envelope to go to the toilet at the right time.

Jan 12, 2012 12:37 PM

CIT?  didn't THEY go BK like last year or something??  Who the fuck are they to be lending anyone anything?

Jan 12, 2012 12:38 PM

he'll bk the company and wipe out all the other owners, then cash out by partsing out the company's brands

Jan 12, 2012 12:42 AM

Uh...the Soviets don't exist anymore

Jan 12, 2012 12:43 AM

holland doesn't have many blacks, so they will necessarily have less people in jail and less crime than the USA

Jan 12, 2012 9:33 AM

that's too bad...another venerable institution sent to shit in favor of garbage like WMT.  Sears just wasn't run well despite that they had some really honestly very good products.

Tried to occasionally check them and Kmart out but the feel of the place was of a terminal patient waiting to be put out of their misery

Jan 12, 2012 9:39 AM

Nigerians will just burn it all driving across the street in SUVs...oh no, wait, that's us.

Jan 13, 2010 1:31 PM

someone is going to find a way to use that oil, and then we'll ram back into the overhead supply curve.  That will be a big lolz moment

Jan 13, 2010 1:38 PM

lol...Douchinger again cribbing.  I was the only one on TF who argued that the USG would come after retirement cash; they called me a lunatic.

The government is like someone drowning who cannot swim, they will grab anything and everything they can in an attempt to stay afloat.  You cannot get near them or else they will pull you under trying to keep their own lungs breathing air.

Jan 13, 2010 1:53 PM

Interesting...I made a prediction in 2006 or 07 of a Japan sovereign default in 2009.  Guess I was a little early.

I've thought Japan goes down as a matter of their debt/GDP and structural imbalances for some time.  During the meat of the boom then bust, 2009 looked to be a good target and jibed with what some like Volcker were calling for sovereign currency crises in 2009.

I made predictions a few years prior about what will unhinge the financial system - the Fed will lose control of the POG.  If/when that happens, all hell will break loose.

Jan 13, 2010 1:58 PM

+1

Yes.

They control the currency.  It matters not who makes the laws.

It took basically armed action and enduring a total bust for Andrew Jackson to throw these people out and they were back again within less than 30 years.

The system enables these people to have massive real wealth even if the currency is based on shit.  They pile up producing assets, real things, gold, whatever with their inflation dollars while an increasing share of people live paycheck to paycheck.  This is the equivalent of serfdom for most.  A lucky few ride the bubble adroitly and elevate themselves to wealth as well, but most simply get rolled by it.

Jan 13, 2010 11:30 PM

This is perhaps the stupidest comment I've read on here.

Venezuela's economy isn't WORKING, get it?  It's in a state of freefall.

WE do not have a capitalist economy...don't call FNM/FRE, the CRA, the Fed, PPT, SS, Medicare, Medicare part D, and all the rest of it a freaking capitalist economy.  You call us capitalist when we poured trillions into the hands of banks that should have failed, insurers that should have failed, carmakers that should have failed, lenders that should have failed, and ON AND ON AND ON?

Engage your gd'd brain next time.

Jan 13, 2010 2:02 PM

no...no, no, no

Years ago when the GOP had a lock I said that we should eliminate the labor unions not because I dislike unions but because they are a main money funnel for the Democrap party.  Also, this was not out of support for the GOP it was a pragmatic step.

We MUST kill one of the political parties.  Right now that means vote AGAINST the GOP.  I know, I really do that this is counterintuitive, but it IS the right thing to do.  Only once one of the parties is dead will the other collapse of its own weight.

People, please, pick the weaker gazelle...don't strengthen it.  Kill it.  Whichever it is.  Vote FOR the party in power...nothing will change until and unless we have a political revolution but that cannot happen so long as we have this two-party illusion.

Just look at how much more quickly one-party rule speeds the collapse.  There is no choice now but to endure what's coming and the sooner, the better.

If we vote the GOP back into power they will simply do the same things because they ARE establishment just as surely as Democraps are.  Repugnicons do not stand for change or anything of the kind, they stand for Repugnicons getting paid.  They will simply perpetuate the mess while lining their own pockets.  If this collapse drags on, they will succeed in migrating more and more of your money into their pockets.  When the end does come, you'll be destitute.  Let's have the collapse NOW before our society and infrastructure so degrades due to neglect that there is no road out.

Jan 13, 2010 2:05 PM

Goldman is a founding shareholder of the Fed...figure it out lol.

The Fed was CREATED to help serve GS's interests.

Jan 13, 2011 1:21 AM

I don't use energy or require food.  I only consume DVD players...therefore, deflation for ME bitchez

Jan 13, 2011 1:27 AM

mmm...tasty protestor barbecue

Jan 13, 2011 1:50 AM

Fortunately, they can print money to alleviate that scarcity.

Trying to drive credit growth by the sword of damocles won't last long

Jan 13, 2011 12:23 AM

the Gods demand a sacrifice of bankers and politicians

Jan 13, 2011 2:02 PM

companies go through the motions for only as long as the subsidies can support executive bonuses.  Once those monies expire, then it's down to the hard business of transforming former employee salaries into bonus checks.

Jan 13, 2011 2:04 AM

this simply isn't accurate to say.

There is PLENTY of credit available, just little demand.  And why would there be demand here?  The aggregate economy has obviously peaked.

Irrespective of all this, the FRN as a debt instrument is in the process of being discounted according to its ability to pay the future's debts vis a vis real articles. 

The deflationary crunch will not happen; it tried to and they crushed it.  The Fed has discovered that they can oppose the deflation forces as long as they print the interest owed.  The "market" will not beat The Bernank because the Fed CONTROLS the FRN.

It's really as simple as this and deflationists simply fail to understand the fundamental nature of the articles in question.

The existing mechanisms of credit creation are failing in a contractionary environment.  There is no issue with the "availability" of money.

Jan 13, 2011 2:08 AM

I had this same argument on TF ad nauseum.

I understand that the math of the $40T debt overhang plus its compounding nature make it appear that deflation will win.

The Fed will continue to print the coupon. 

Look; it really is as simple as they print it or the system collapses.  A deflationary collapse would proceed to conclusion within hours, as it was threatening to do in Sep 08.  A slow burn of dilution has a chance to not implode; it can just fade away.

Jan 13, 2011 2:13 AM

You are very simple-minded as well.

do you know WHY everyone expects inflation?

It is because THIS SYSTEM WE HAVE *cannot function* in any other operative modality.  There IS NO OTHER REALITY than inflation.  By hook or by crook, this motherfucker cannot run in reverse, get it?

Deflation is not an option...it very quickly leads to catastrophic implosion and the "end of days" from a monetary perspective.  Smart money understands this and does not bet for this outcome.

As soon as the Fed were to withdraw its artificial inflation, the compounding parasitic drag of interest would collapse the money supply within hours.  HOURS.  They know this.  They monkeyed around with this shit during BSC, during LEH, during the dark days of Sep/Oct when it looked as if this sucker could go down.  They figured out what I know; the system will collapse immediately upon withdrawl of inflation support.

Jan 13, 2011 2:19 AM

you haven't figured out that we have crossed a significant epoch in the viability of paper and debtmoney, have you?

Everyone is still thinking that EVERYTHING is just cyclical.  The joke is going to be on you.

Jan 13, 2011 2:21 AM

look; you're not in PMs.  You're in futures. 

Jan 13, 2011 2:36 PM

Uh, DC the city is predominantly black, average level of education is like 4th grade.

The people who work for the government most often do not actually live in DC.

Jan 13, 2011 2:42 PM

just a hedging product for the finance types to move eMoney back and forth to each other with

Jan 13, 2011 2:49 PM

the commentary I read likened it to a shameless pep rally replete with whooping and hollering.  Apparently the convocation included a prayer for reptiles or something.  And this was commentary from a clear NeO supporter, who claimed he just brilliantly rose above it again, like god or something.

News flash:  IT'S HIS SPEECHWRITERS and those glass panels in front of him that make the words, not him

Jan 13, 2011 2:54 PM

Deus ex Machina?

GTFO here Taylor.  Churchill couldn't print oil either.

Jan 13, 2011 3:09 PM

maybe think about STFUing?  what good is truth with no social skills?

The reality is that you don't know what's coming.

Jan 13, 2011 3:25 PM

The FRN is a debt instrument whose viability is tied directly to perceptions of the ability of the future to service today's debts.

End of story.  A lot of people are going to realize over time that they built their Casa de Areia on paper of diminishing viability.

What is going to be the behavior of yeast people when actual scarcities manifest?  To consume MORE before the other guy can.

Jan 13, 2011 3:30 PM

You should look at Argentina...this is our destination.

And you ought to be less partisan in your presentation, as the Chicago and Illinois political ruling class is DIVERSITY and Democrap to the core.  And rotten.

Jan 13, 2011 3:35 PM

it.is.over.

States can no longer accrue more debt cheaply.

Illinois and all the other diversity-infested States are finished.  Fucking borrow $8B to pay $6B in owed monies...what the fuck.  Seriously.  Couple that with the criminal mayor selling off the public infrastructure, he's now Chief of Staff at the WH, no?  Or was that a different criminal from that crime syndicate?

The Fed will have to print money for this; we're seeing a situation no different from that in the Eurozone.  The ECB doesn't want to bail out sovereigns, it wants austerity.  So does the Fed.  It stands with checkbook ready for the Federal power, but not for the States who are actually supposed to be the sovereigns in this U-S-A thing.

Jan 13, 2011 3:43 PM

this is the deflation portion of the debtmoney racket.

This is the same shit that has transpired in nearly every South American nation.  In fact, diversity policy has stuffed every government full of complete incompetent idiots who are easy marks for bankster scams and they sell their sovereigns out for change.  At the top are the big whale crooks like the Daleys and the rest of the Chicago machine.

Most of South America is rented to South Americans by foreign corporations.  Brazil and Venezuela are both on a fine line as far as playing ball versus getting financially attacked.  The major powers control what money IS.

Jan 13, 2011 4:12 PM

Silver getting stomped, miners getting crushed, Pt and Pd holding up, oil holding up, dollar WAY down today, and gold simply running out of steam.  Expecting a more lengthy consolidation phase here.

If this were just a hiccup like on the AAPL or NFLX chart, it'd have been over with by now.

Jan 13, 2011 4:53 PM

they call that bootlegging

Jan 13, 2011 4:57 PM

I have been wondering the same thing as the HUI and XAU fail to confirm the POG.  But, at the same time, the TLT continues its epic slide.

Bank and retail stocks won't be the place to be during such a crash...but given price dynamics lately, there is nowhere to be.

Jan 13, 2011 5:00 PM

CHS is foolish...the L shoulder in that chart took 3 years to develop.  We'll still be talking about this 2 decade H&S in 2013 at this rate...

Jan 13, 2011 5:04 PM

"Faux News" isn't partisan?

You PMSing?

Jan 13, 2011 5:05 PM

My guess is on whoever hired Daley after that

Jan 13, 2011 5:09 PM

obviously, he had some Olympic committee and bigwig property developers that wanted that land for cheap

Jan 13, 2011 5:17 PM

I think this is fair to say.
150 years in the making, time to revisit the 14th Amendment. The Federal gov't isn't supposed to BE this. The vast majority of sovereignty was supposed to remain in State hands.
The plan seems to be to control ALL levers of power using whatever means necessary. Certainly Congress and the Presidency have acted that way with Commerce Clause and EO mania.
At some point, this is probably the populist angle that breaks the camel. In reality, this IS the United STATES. The Federal power is this incorporeal animal and the States will eventually apply the political leverage inherent in the system to get a bailout.
Ben may not wish to buy munis, but at some point this federal money orgy while the nation starves won't sit well.

Jan 13, 2011 5:23 PM

God bless Diversity

Jan 13, 2011 5:23 PM

Sure they can.

The ECB has no sovereign authority to force austerity.  They can only do so if you remain in the euro system.  The FRN is the law of the land so States are in more of a pickle in terms of needing them to repay their debts.  If you want FRNs, you will have to play ball.  If the State cannot borrow at a low rate, then how is this not letting austerity be dictated? 

The problem is that the debts are totally unpayable.  The system must collapse on itself.  If the States attempt to balance higher taxes with this "we won't work" union service coupled with massive salaries and pensions, all hell will eventually break loose.

In the face of this, the Fed is pretty much going to have to bid EVERY FRN debt-based instrument...everywhere.  They're ALL structurally flawed in that the FRN system requires growth to satisfy today's claims.

Jan 13, 2011 6:48 PM

of course it is...but gold is denominated in oil as well.  As long as gold fetches barrels, who cares really?

Jan 13, 2011 6:53 PM

They're both the same.

At some point resource consumption growth inflects.  Think of Easter island...peak wood came a time before someone cut down the last tree.  The inhabitants were accustomed to a certain number of trees per capita in consumption for some time and then the population grew and the trees didn't and people started having to get by on less per capita.  They just became further away and harder to find.

But those statues weren't carved overnight.  Surely the morons thought the gods were angry because the trees were not growing as rapidly as the idiots wished...or something.  Because only a complete moron could fail to realize that trees grow slowly.

Soviet collapse was pretty quick because the society just up and repudiated the government and the paper and the whole shebang.  There was also a political revolution concomitant

Jan 13, 2011 7:02 PM

does she like getting pissed on?  bc there's probably some money in that

Jan 13, 2011 7:13 PM

well the studios up and FUCKED redbox; it's as simple as that.

They didn't want anyone selling their titles for less than the MASSIVE prices that the studios believe their derivative, trite, hackneyed, monotonous, unimaginative, formulaic dogshit is worth.

I mean, seriously, HOW MANY fucking stupid comedies with the same mfin plot can Adam Sandler's little yid ass be in where he magically gets a supersmokin hot blonde nordic girl?

Jan 13, 2012 12:30 AM

nothing is a bigger farce than Sprott's own funds selling gullible silverbugz PSLV at a 30% premium to NAV so he can 2ndary offer the rug from under their cost basis

Jan 13, 2012 12:31 AM

and here we are...and so is JPM.

FAIL

Jan 13, 2012 5:03 PM

We sell weapons to all of the nations around Russia, including Georgia who fought with them.

WTF business is it of ours, Russia is not supposed to sell weapons to anyone, huh?  They sold to India bigtime for many years too

Jan 13, 2012 5:07 PM

all the big dogs Putin cleaned out of the house used their 2nd passports to flee the reach of justice

Jan 13, 2012 5:10 PM

let's compare the US's bodycount in Iraq or Afghanistan.

Jan 13, 2012 5:15 PM

I guess people thought I was joking when I said Peak Oil implies sustained global recession

Jan 13, 2012 5:16 PM

bbbbut...bbbbut IONIC LIQUIDS!!!!!11

Also, silver can peak but oil CAN'T.  It JUST CAN'T, ok??? Because.

Jan 13, 2012 5:17 PM

jews, both, too

Jan 13, 2012 5:21 PM

The last vestiges of the Old republic are being swept away.

Fear will keep the local systems in line. Fear of this battle station.

Jan 13, 2012 5:22 PM

DATS RAYCISS

Jan 13, 2012 5:23 PM

fuck you, racist speech like that isn't acceptable.

You're one of the real enemies with your PC bullshit

Jan 13, 2012 5:28 PM

For what, stating facts?  Everything I write on the subject of race can be PITIFULLY easily verified as true and accurate.  You may not LIKE IT, but that don't make it false.

you'll notice a distinct lack of the N word in my speech.  I usually only use passingly derogatory references to asians and that is because of how me and some of my best friends talk to each other using slurs.  I also use injun to distinguish from indians.

I don't find it necessary to refer to people like NeObama in racist terms...because I am not actually a racist.  You are just so conditioned to respond to particular facts, a "mental 3rd rail," that you have no cognitive defense mechanism other than this cloture tactic of screaming DATS RAYCISS at me.

Jan 13, 2012 5:29 PM

now you just made yourself a bitch by trying to de racialize the word.

No.  Busch was not a nigger.  Neither was Clitton.  They were white.

Jan 13, 2012 6:41 PM

...which is why Russia totally collapsed and china polluted their entire nation, built empty cities, and ran up a monstrous bubble in everything.  To trick us gullible, shortsighted Americans.

Jan 13, 2012 6:42 PM

yes, like tigers, they have become endangered

Jan 13, 2012 6:45 PM

A million?

Whose ass did you pull this number out of, yours or your gay lover's?

Frickin idiot.

Jan 14, 2010 11:00 PM

People need to study India's force posture plans.

They intend to put 2 CVs in the water in the next 3 years; I talked about the strategic value of the Indian Ocean over on TF a couple of years ago, then again a few months ago.

Bottom line is that the PLAN is a joke; the power to reckon with there is India.  With their geographical dominance of the sea by nature of their nation's shape, along with the range of the Su30MKI, platforms like the Brahmos missile, and the upcoming Viraat and Vikramaditya CVs, they are putting forth the force structure to dominate that ocean.

There are precious few nations even with an aircraft carrier of any kind; they plan to have 2 with front-line STOL fighters, placing them at #2 in naval power in the world. 

Jan 14, 2011 1:24 AM

at some point you will become so exasperated with peoples' inability to grasp or unwillingness to accept your points that you will sprinkle in some cursing and otherwise become me!

Minor quibble though, everybody is going to die.  As for water, total BFD.  Use Tatooine technology.  Obviously if there were no power and no nothing, a lot of mfers have a problem.  But a solar panel can power Uncle Owen's water maker.  This really isn't the hard problem people make it out to be.

Jan 14, 2011 1:28 AM

hmm...I've got to take some exception here.

what we need is lateral thinking.  Replacing oil in an ICE with NG in an ICE makes little sense.

We need gasoline fuel cells and other technologies that have significantly higher operating efficiencies.  However, there has been little progress due to little trying.  We spend far more looking for more oil than we do on trying to obsolete the dumbass gas powered heat waster airpumps we call motors.

Alcohol, NG, or gasoline fuel cells would provide an efficiency tripling straightaway.

Jan 14, 2011 10:04 AM

? Rothschild Bank of England was an original shareholder...all the alpha houses on the Street were as well

Jan 14, 2011 10:13 AM

"loose"?

Tell you what, misspellings aside, you've been mindfucked.

The GOLD standard was a fractional, fiat-in-disguise standard.  The system which worked the longest was tally sticks, which were pure fiat.  Eventually, yes that system blew up, but so did gold standards on kited notes and so will our system.

A gold standard favored whoever had the gold.  That would be the banks.  The banks keep this shit around just in case they ever have to back their notes up for a time and downshift a notch into fractional schemes with gold backing until the debt ponzi game can be respun.

Jan 14, 2011 10:22 AM

The Oil Age, dude.

Neither the fed nor this monetary system caused the prosperity.

Jan 14, 2011 10:50 PM

Dennie Green?

Jan 14, 2011 12:05 AM

oil can't peak...that's just a myth.  The declines were caused by Saudi environuts

Jan 14, 2011 12:10 AM

sigh..production RATE motherfuckerz

Jan 14, 2011 12:13 AM

no, tarsands aren't negative EROI.  They are 6-10:1

What the tarsands are good for illustrating is the disparate production rates from different reserves quality.  Tarsands in Canada are 250GBbl or more.  Yet production from this gigantic reserve is far lower than an equivalent surface field.  All of Canada's tarsands may peak out at 4-5Mbpd.  Ghawar is one field that produces more than that, and it's roughly 1/3 the size of the tarsands reserves.  THAT is a concrete example of EROI and its impact on real production rates.

Jan 14, 2011 12:39 PM

I agree with the final statement but the rest is a total WTF.

Look...the dollar was around since, say, 1800.  For 113 years it was pretty level in value.  The US became the richest nation on earth, NO income tax, NO central bank.

Then you would have me believe that since 1913, the system which had shown a LEVEL dollar for over a century would have underperformed the FRN by a factor of .01?

If you believe this then you are stupid.  Your claim may possibly be true, but you have no evidence upon which to base it.

BTW, tally sticks worked for centuries.  Everything you cretins and your "conventional wisdom" think you know about shit is only about ass backwards.  It really actually is almost a 180 from the truth.

Jan 14, 2011 12:45 PM

LOL...everyone's a nazi.

Maybe you should just STFU.

wtf is an antisemite these days?  According to the ADL, denial of time off for an unknown jewish holiday is an incident of antisemitism.

Consequently, the word has completely lost meaning.

If you want to "call him out," feel free to do so and get laughed at.  Call me a nazi while you're up; I think it's pretty laughable.

Anytime any DWL or minority or jew doesn't get their way, whoever won't cave in to them is a nazi or a racis' or a bigot or something.  Every time.

Jan 14, 2011 6:29 PM

paypal plus CC can get you some help.

But yeah, counterfeiters are everywhere, especially from Asia.  You have to be very discriminating in terms of what you'll bid on and from whom

Jan 14, 2011 6:35 PM

true.  I'm only not chasing BAC because I don't wanna be the idiot who top-ticked it.

But I saw weeks ago the big double bottom and made a mental note and here it's up fuckin 50%.  Can't bring myself to chase cruise lines either but the tape sure says I should be.

Jan 14, 2011 7:02 PM

CTFC is just enforcing what I've been saying all along, the futures markets are not intended for physical supplies, only for cash settlement.  They'll let cash players load up all day long on either side, but you will not be permitted to stand for delivery.

If you want silver, call a miner.

Jan 14, 2011 8:02 AM

but...but...BAKKEN!?!  and unicorns

Jan 14, 2011 8:09 AM

lemme go out on a limb and say gold gonna get whacked and miners blowtorched...again

Jan 14, 2011 9:58 AM

Fed governors certainly act with the air and demeanor of a Senator, and Greenspasm as if he were VP or even co-President during his stint as Chairman.  The Bernank has the deer in headlights look when he really should be behaving during these hearings as if he is doing them a favor by allowing them to speak directly to him.

Jan 14, 2012 11:40 PM

driven and accomplished?  It's really more a matter that you wish your ancestors were more racist and clanned together to practice nepotism and discrimination against other ethnicities?

Jan 14, 2012 11:46 PM

amateurs isn't the right word; dilettantes

Jan 14, 2012 11:47 PM

i will laugh when they treat the aborigines FAR WORSE than whitey ever did

Jan 14, 2012 11:48 PM

you guys aren't real strong in physics, i gather...

Jan 14, 2012 11:50 PM

well pretty much everyone in the area wants the jewish state gone.  The reason for this is because nobody in history has ever been able to get along with jews.

Jan 14, 2012 12:36 AM

RSA has mines that are over 2 miles deep.  Insane depths to go to just to get teh goled

Jan 14, 2012 6:40 PM

the entire systems of bond ratings are complete bullshit anyhow.  They should all be D

Jan 14, 2012 9:52 PM

I guess there are one or 2 firms that aren't bankster crooks on that list...right?

Jan 15, 2010 12:05 PM

There's not enough energy supply for this to happen.

This is the Age of Contraction.  As far as a regional power, China is relatively weak, sandwiched between two nations with superior militaries.

Jan 15, 2011 1:46 AM

I was thinking the same thing.

I will really look bad when the States can't pay the Holy Trinity and the Feds will step in for "everyone's benefit."  The Fed may squeal about the additional bonds they'll have to soak up, but they already have done state bailouts via bond guarantees etc

Jan 15, 2011 11:10 AM

quick question:  do coke distributors pay CG?

Jan 15, 2011 11:10 PM

Ilargi and Stoneleigh are WRONG.  TAE has been pounding this same crap for years now.  WRONG.

I know this may be hard for people to accept, but they are using incorrect monetarist definitions.

Monetarism is FLAWED and a bogus doctrine.  When you approach everything through the bullshit of "velocity" and "quantity" in terms of THEORIES of money and these THEORIES themselves are fucked up, then it is no surprise that you cannot predict outcomes properly.

I have explained repeatedly why these deflationists are wrong and precisely how they are wrong.  Blaming fucking "speculators" for all price rises sets EVERYTHING as a MONETARY phenomenon which is ABSOLUTELY WRONG.

I don't care how "authoritatively" TAE's authors phrase it; their predictions have failed and will continue to fail.  They do not realize that they are subsuming their predictions within the framework of MONETARISM, which is a FAILED and erroneous doctrine.  And it isn't as if MONETARISM is the ONLY theory of money or value, it's one of FOUR or more schools of economics!  I am APPALLED by authors who ASSUME that Monetarism is somehow like freaking Relativity - even THAT was "proven" emperically; Monetarism has NOT BEEN.  Yet, idiot deflationists latch onto it like starving pigs on a teet.

The idiocy of maintaining that PRICES will fall and FRNs will be worth more when the ENTIRE FRN SYSTEM is structurally bankrupt - I absolutely MARVEL that otherwise seemingly intelligent people can not step back from Friedman's dead nuts and see the paradox in their basic claims.

Look.  The creditmoney system works in ONE DIRECTION.  If deflation occurs, the MATH makes implosion to 0 inevitable and that means that the FRN becomes useless, bankrupt, gone...the entire financial system built around FRNs collapses.  They will be worthless; that is hyperinflation as we know it.

TAE thinks the world revolves around fucking US HOME PRICES?  That is HORSESHIT.  The housing bubble was MERELY the tip of a vastly gigantic credit bubble iceberg.  Swaps and related derivatives dwarf outstanding mortgage credit by several orders of magnitude.

Jan 15, 2011 11:21 PM

bunch of tinfoil garbage...seriously.

There are elements of truth, but power flows from guns.

Britain was on the verge of being destroyed by Germany-how powerful were these titles and contracts?

The government has no title to your ass that can be enforced anywhere.

Jan 15, 2011 11:24 AM

well Pt appears to have broken out, and oil at 90+ seems to call bullshit...

Jan 15, 2011 11:52 PM

what the fuck does "need" have to do with anything?

NEITHER YOU nor the GOVERNMENT is the BOSS of everybody.  this is OUR country, NOT THEIRS

Jan 15, 2012 1:03 PM

wtf...did you start doing research?

Jan 15, 2012 1:06 PM

fuck you, mudshark.

We stole the moon lander from the injuns, the airplane and everything else, huh?

Whitey has GIVEN MORE to the people he's "conquered" than anyone else in the history of the world.

Were we blacks or asians or hispanics, we'd have WIPED OUT COMPLETELY all traces of the existence of the conquered.  Instead, whitey tries to educate and civilize savages who lack writing, the wheel, mechanical devices.  Whitey BESTOWS all this and even permits opportunity for savages who win the genetic lottery.

Everything you have or do is creditable to WHITE MEN.

Jan 15, 2012 1:09 PM

god damn, you are fuckin stupid.

Blood diamonds?

Is AFRICA the only place diamonds are mined?  Why isn't AUSTRALIA a war zone because of diamonds?

the ONLY PLACE that this type of shit happens over things like this is in AFRICA.  Only in AFRICA does a diamond mine equal a civil war!

Why the fuck do you mudsharks blame whitey for the SLAUGHTER of africans BY africans?  It's OUR fault because we buy the diamonds but not THEIR fault because they buy the arms and like to slaughter each other...got it.

EVERYTHING is whitey's fault.  Blacks are TOTALLY innocent despite committing more than 50% of homicides each and every year in the USA.  ALL of that is someone else's fault.  EVERY failure of blacks to amount to anything is the fault of someone else.

Meanwhile the diamond mines everywhere else are just business operations.  TIA

Jan 15, 2012 1:13 PM

That's how evolution works.

You don't understand what "fit" means and are misapplying it.  Typical.

Jan 15, 2012 1:21 PM

why are you citing "jet fuel" as if that was the only flammable material in the building?

There are SO MANY more plausible failure theories than what you imply

Jan 15, 2012 1:22 PM

how?

With NOBODY ANYWHERE who noticed and the actual government looking totally incompetent?

Jan 15, 2012 1:26 PM

who fucking cares?

Besides being totally wrong, you know?  Our culture is superior to theirs and will displace it.

If the mudsharks and PC people would STFU, we could simply colonize these countries and the problem goes away.  Why bother with war when you can simply colonize and displace?

In the absence of that, let them live their stupid lives.  I see no point in picking the side of one squabbling desert rabble over another.  The desert nomad war tribe is not our historical friend anymore than the ahab is.

Jan 15, 2012 1:30 PM

WRONG.

The HOLOCAUST was a genocide operation of FAR MORE THAN JUST JEWS.

Jan 15, 2012 1:31 PM

irony is lost on them...most passive/aggressive clan in history

Jan 15, 2012 1:39 PM

obviously a Mossad/CIA false flag.  Cruise ships just don't hit rocks and sink

Jan 15, 2012 1:41 PM

they sank that cruise ship.  OBVIOUS CIA/Mossad false flag, probably with MI6

Jan 15, 2012 10:55 PM

why the hell did they let a shit nation like Greece into their currency union in the first place??

There is a qualitative difference between the wops and the krauts.  They know it and have known it for a long time, no matter how hard the MSM tries to suppress it.  All ethnic groups are not equal.

Jan 16, 2010 10:10 PM

Existential crisis in paper, which is a claim against a future that is DIFFERENT from what we have come to expect from 500 years of growth.  Period.

Inflation/deflation, whatever.

Deflation kills ALL levered institutions, which is ALL OF THEM.  After 90 years of credit inflation there is NOT ONE ENTITY OUT THERE, not a bank, not a government, NOBODY who is unlevered!

Deflation does not help ANYONE.  It causes the immediate insolvency of everybody.  Can't people SEE THAT?  What happened in 2008?  You had nearly EVERY major bank nearly go BK simultaneously; these are supposed to be LENDERS who deflation "helps"!  That is what the deflationist idiots tell us, bankers want deflation.  NO, THEY DON'T.  If we get it, their banks go TITS UP.

The system is built to grow credit.  But the future isn't one of GREATER credit demand than today!  The future is one of LESS.  Therefore, PAPER as a fundamental *institution* faces a crisis, because paper is all about promises of a future of MORE.

Jan 16, 2010 10:40 PM

Deflationists have too much faith in paper.  That's understandable because paper had a few hundred-year run as long as the real economy was growing.

But, now it's not.  Paper is a claim on the future, all money is that.  A future of more.

Deflationists think that paper with the right ink has "worth"?  That's absurd, ab initio.

What is the paper in question?  Backed by the MOST levered institutions on the planet, the US Gov't and Federal Reserve.

This is an axiom:  deflation kills ANY levered institution.  Anyone who thinks "banks" and "lenders" do well in deflation should review what happened to "banks" in 2008.  Even GS, the ultimate "leech creditor," was days away from total collapse.  Nevermind all of the commercial banks.  They're ALL LEVERED.  That's how they make their money!

Deflationists seem to believe we live in a world of George Bailey lending of actual capital.  Jeez, if deflation happens, the loans default, the banks are crushed.  They don't care about "real" asset "value," wtf is a bank going to do with a bunch of houses or other real bs???  That's not their business!  Their business is riding an inflation wave.  If inflation were to go double-digits, the banks would be lending always at above that, and seeing immense notional profits.

I cannot fathom how ANYONE who looks at banks' performance between 1982 and 2007 then from 2007-Mar 09, and then from Mar 09 till now could possibly believe that banks do WELL or even better under deflation!

Inflation helps the elites and the banks!  That is what the Fed DOES, it is their system.  Growth in credit=growth in profits for them.  If they cannot grow credit, banks collapse, "lenders" collapse, the government collapses.  That is why in the 1930s, they did a brute force devaluation.  That is what is coming.

This deflation cannot be stopped because the future is contractionary and there is a net decrease in demand for credit in the aggregate.  So, they will be *forced* to devalue.

But, in the absolute, paper as an institution is failing, because it is and always was a PROMISE to pay something more in the future.

Anyone who thinks prices fall forever has never been to Brazil.  I said this 50x on TF, go there and see how goods are priced.  See how much stuff costs.  The axiom of business is that they cannot sell at a loss.  They will reduce prices during liquidation then they revert UPWARD.  If Toyota cannot sell 100k cars at a profit, they will sell as many as they can, but at a profit.  If that's 20k, then that's what it is.

It means less goods.  The apparent CPI "deflation" is capacity glut being worked off.  At the other end of that, people in lesser nations live in apartments, don't have cars, can't afford Nike shoes and iPhones.  Their wages go less far.

Jan 16, 2010 10:44 PM

yes!

Deflation also kills the levered.  The rich get to participate in leverage rackets to make money.

That's how all the "banks" got nearly destroyed by one minor bout of deflation in 2008.

All the people sitting atop the PE funds, the CREITs, the HBs, the corps, the banks, all of them, all these "wealthy" people are dependent upon inflation to not get wiped out.

That's why the "printing" has gone to THESE PEOPLE! They were the ones most in danger.  The little people, so what if they lose their house, right?  It'd be FAR WORSE if the elites lost Goldman Sachs or any of their other playground appliances.

Jan 16, 2010 10:46 PM

why do you think anyone would exchange gold for paper or that somehow this is a prerequisite?

Gold is a real thing to be exchanged for other real things.  In a REAL economy.

Synthetic economies are what we have, where we exchange paper promises to pay promises plus interest on promises in the future for real things.  It's a collective delusion.

Jan 16, 2010 10:48 PM

Deflation is what SHOULD happen.

It would be worst on the gov't malefactors, the bankers, the "elites," and all the rest of the crooks who live as leverage parasites.

Real producers can continue to produce real things.

Jan 16, 2010 10:52 PM

I have to say no, no no.

QE was intended to get the inflation into the hands of the IMPORTANT PEOPLE.

Look, the companies that crashed hardest in the 2008 deflation were the most levered, the banks.

Good god, GS was days away from collapse, THAT is important to the elites.  GS is one of their playground appliances.  Without GS, how in hell would elite parasites make money!?!?!

People sitting around with cash in a mattress, the ULTIMATE littleguys, were doing the best in deflation while the richest were on the verge of having their private Disneylands taken away.

THAT is why the inflation went to the banks and we see no velocity out here in the real world.  WE are not a concern!  If WE default, they do not care.  If WE die, they are unconcerned.  If GS dies, now THAT is critical and must be acted on with the full weight of the gov't and all resources it can muster.

Jan 16, 2011 1:09 AM

it's a real hoot, ain't it?  You could not GET more establishment insider than Daley and here he is the chief of staff.

JPM must've felt left out of the revolving door in the NeObama administration between GS and the Capital

Jan 16, 2011 1:11 AM

gold goes to $50k and oil goes to $3000/bbl.

Gold cannot sustain a value ratio with respect to other commodities sufficient to back the money supply

Jan 16, 2011 10:18 PM

well if you were so inclined, why would you close OI?  JPM shorting naked, if they're doing it, is free cash basically, because they wouldn't be able to deliver it and you'd get the premium

Jan 16, 2011 11:48 AM

note to deflationists:  the math doesn't matter.  The CBs won't let that get in the way.

They HAVE to print to prevent mathematic collapse of the banking system.

Jan 16, 2011 11:52 PM

At least they are still a net exporter with a high technology production base.

As far as government debt, obviously, their metrics suggest insolvency.  The Yen carry is what is keeping their financial system afloat for now

Jan 16, 2011 11:54 PM

it's "amok," btw.

And Japan *has* zombiefied their financial industry just as we have.

Deflation?  WTF...look at the Yen POG or prices in Japan before talking stupid shit about japanese savings buying more now than before.  Yeah, the yen buys more of the N225, lolz.

Japan is doing everything in their power to arrest any deflation

Jan 16, 2011 12:17 PM

How about the rich who ARE in the government?

There is a lot of bribe money in these banks because it HAD to avoid income taxes otherwise the bribes would have been obvious.

A government full of honest people would not be your enemy

Jan 16, 2011 12:27 AM

huh?  Corn based ethanol is NET ENERGY NEGATIVE.

It burns MORE OIL to put into your tank than oil it replaces!

Progressives with their idiotic green fetishes had as much to do with this boondoggle as the moron conservatives who are bankrolled by the big agra companies.

Jan 16, 2011 12:29 AM

if you want subsidies and corruption, China is your country

Jan 16, 2011 12:39 AM

garbage...trying to give a reason to the irrational.

The liberal establishment and all liberals are irrational.

None of them had a problem with the 1000s of times GWB was burnt in effigy.  In fact, they held it up as proof positive of his evil nature.

Have an anti-obama sticker, the secret service shows up.  Everything against him is racism or terrorism.  It's really as simple as that.  By definition, everything on the left it pure and if you don't agree, you are a psycho or a terrorist.  Calling for your murder is reasonable and just; if you do the same thing, you are an evil and vitriolic psychopath.

Jan 16, 2011 12:59 AM

the disconnect with the Congresspeople is the vibe they get from the public constituency versus what they see from the shadow constituency.

See, when they are around the shadow folks, the executives, the big business interests, it's all backslapping and happiness.  I've noted this disconnect in talking to elites - everything is great in their world, never been better.  So it is with Congress, they inhabit a world of golf club memberships, and fat envelopes, and limo rides, and private plane trips and favors galore, free money and a legion of people with something to sell or who want some appropriations who do nothing but ass kiss.  There is an entire INDUSTRY of lobbyists whose jobs it is to curry favor and move envelopes, procure hookers and drugs and dispense rolexes and to kiss ass if needed in order to make the deals.

Then, when a congressperson deals with a Main Street JQP, there is a titanic, unimaginable disparity between these perceptions of the world.  They hear anger and fear and how times are NOT good.  It's as if the rest of the country is living in another America.  We've got 42M on foodstamps; one in every 7 or 8 voters would be one.  We've got rampant unemployment, declines in Std of Living, U6 at 20%, underemployment and labor utilization at century extremes.  So when the Reps go in front of the PUBLIC, they hear and see a completely different treatment and reaction and they simply do not know how to cope because that is LITERALLY the only time they ever hear shit like that, the truth.  They are totally INSULATED from it, by design, by their handlers and staffers.  The reps never read negative letters or opinions; those are redacted by their 3 monkeys staffers.

The Congress does not serve the public; it serves those who are there to pay for a share of "other people's money" to be sent their way.  It's highly reminiscent of Marie Antoinette's reaction to being taken to her execution in a horsecart instead of what she thought she deserved, a carriage.  She was taken aback, offended, stunned - it never occurred to her that the real world out there even existed.

When Congress bails out banks and bankers and makes record bonuses rain, while at the same time telling the public to go fuck themselves and buck up and even to stop whining, you simply have to conclude that they are not hearing the 300-1 opposition to shit like TARP.  They only have ears for that 1 which came from JPM or GS's lobbyist.  The 300 do not exist so far as they are concerned.

And if Congress ceases being responsive to their constituency, why the hell would they be surprised when violence is suggested to get their attention?  Congress behaves in a brazen manner befitting those who believe they can act with utter impunity, the classic "let them eat cake."  They are telling us to GFY and eat cake on a daily basis.  They have no fear.  None should be stunned if/when someone tries to put the fear of god in them in order to get them to listen.

Jan 16, 2012 5:28 PM

icanhaz trillionz, bitchez?

Jan 16, 2012 5:35 PM

that is "progress."

when white people do it, it is racism

Jan 16, 2012 5:35 PM

idiotic

Jan 16, 2012 5:46 PM

the COMMISSION of crime is unequal.

The reason blacks feel persecuted is because they violate white laws and codes of morality more frequently because they are in aggregate qualitatively different than whites.

If you think the crack laws or whatever are racist, do some research on the disproportionality of FICO or red light cameras.  Blacks offend these computers as disproportionately as they do white laws.

The previous posters are categorically CORRECT about civil rights and it is worth noting that the entire movement was built and funded NOT by blacks but by another group who is cousins with the entire media and finance control structure.

Do your own research on the NAACP and SPLC.  Then maybe read or watch Farrakhan and see what he has to say about the slave trade's primary purveyors (sourced from authors who would not be considered antithetical to the group they point the finger at).  Also research marxism and the origins of the word racism.  You will see some undeniable TRENDS pop right out at you.

As far as people in jail for nonviolent crimes, changing incarceration rules WOULD NOT change the demographic breakdown of the prison population.  Merely because you lack the chops to debate this topic means only that you lack the chops and are ignorant.  Rather than seek to avoid debate, perhaps either get educated or accept what your betters tell you.

Jan 16, 2012 5:48 PM

it's very easy to do...just look at NYC.  The NYT publishes this.

NYC is a city that very much "looks like America" in terms of racial proportion.

Suffice it to say there is little point in wasting police resources looking for an asian (or even white) shooting suspect or even homicide suspect.

Contrary to shit like CSI NY, the VAST MAJORITY (mid 90%) of these serious violent crimes are not committed by devious white people on the upper east side. 

Jan 16, 2012 5:51 PM

Rushton isn't the one who did the IQ studies.  It's not his model.

EVERY SINGLE IQ STUDY of ANY KIND has shown the same thing.

Evolution?  LOL...so you breed your thoroughbreds with regular plow horses, eh?

As far as segregation, take a look at Detroit in 1900 versus Detroit now.  Ask yourself the hard questions.  DWLs like you vote with their feet.

it's not socialism that did it.

Jan 16, 2012 5:55 PM

the reason LA is even THERE is because of oil, btw

Jan 16, 2012 5:57 PM

did these euro idiots think good times and consequent fiscal discipline as a function of nonstop growth would last forever?

JFC, EACH of these nations is COMMITTED to the principle of PRINTING money when times get tough!  They will each in turn shit their own currency into the sewer rather than behave like stingy germans or scandinavians.

People are just fucking different, yes, even "white" people are not all the same.

Jan 17, 2010 1:25 PM

Your points are all logical, but I have to repeat my axiom:  deflation destroys leveraged players.

The USG is the most leveraged.  Therefore, deflation is an existential threat to them.  Nevermind every bank, also leveraged, and all the big boyz, leveraged too.  All the FIRE economy depends upon the inflation wave and they have the levers of power.

Deflation helps people with money in mattresses.  I can't see their interests prevailing.

Deflation or inflation, the FRN is still a debtmoney-based instrument.  So long as the future seems to hold contraction, its "worth" is in peril.  The FRN's very existence is at odds with reality right now.  I would not expect paper based on debt to come out of this with real worth because there simply is now no way to pay the interest.

IOW, we have to go to pure fiat at some point; our economy simply cannot back a production-based currency because we don't have the production.  We cannot back it with debt or a promise to produce/pay more in the future because the future doesn't hold more, it holds less.

Therefore, I conclude that paper, debt, etc., the "way things have been" for 400 years is what is facing the crisis in confidence.  Our ability to make good on the FRNs, electronic or real, faces discounting just as surely as a promissory note from a person who just lost their job and faces a balloon payment at the end of the month.

That's how I see it.  Deflationists seem to think "the system" is not imperiled and I think that it clearly is for reasons I continue to articulate.  I don't think a system of dependency upon a growth future can reconcile itself with a real future of contraction.

Jan 17, 2010 1:35 PM

ok, let's explore this.

How do you prepare for that?  Cash?  They're going to tax the shit out of everything.

The economy will have the life taxed out of it.  We're bankrupt, and we cannot tax our way out of that.

I see no political will to live within means and to do so means 40% of the economy goes poof.  This isn't the way things have gone in the past, even among empires.

Jan 17, 2010 1:38 PM

categorically WRONG.

Look at what the banks did during the 2008 deflation.

They went TITS UP.

Everything you think you know is based upon a very superficial understanding of who is a lender and who is a borrower.  The banks are BORROWERS, which is why deflation nearly killed all of them.

Jan 17, 2010 11:40 AM

At a paper price 50% below here you will be unable to buy any physical.

There are those of us who were buying in 2008 and can tell you what the retail supply looked like during the meat of the worst deflation since GD1, when the paper price plunged to the 700s.

It was so bad that we were trying to figure out how to take delivery on COMEX contracts to get physical.  That route has been foreclosed now. 

Jan 17, 2010 11:45 AM

Guns & ammo?  Ludicrous.

We make those things here.  Stock up on imports that depend upon a stronger dollar and continuing trade deficits.

Locally-produced items won't suffer from unavailability and guns and ammo are in short supply NOWHERE.

Trading ammo?  For what?  The only people who'd "need" ammo are the ones who are paranoid.  Guns and ammo can be had relatively easily in Argentina today.  Consumer electronics and Nikes?  Not so much. 

People should *really* travel to a country that has had a recent default or inflation problem (latin america) and see what is for sale and what is not.

Jan 17, 2010 12:08 PM

lol...what's the gov't gonna sell?

Deflation kills levered institutions.

Besides, people won't liquidate, they'll just default and WALK.  That's what they are doing now.  Keeping the car and the personal property and walking on the loans.

And the Fed/Gov is FF&Cing every kind of paper trash out there.  CMBS is going to be backing the dollar.

I have no clue why in the midst of a financial crisis ANYONE would put faith in paper notes.

Jan 17, 2010 12:15 PM

ok...you're right, of course.

Deflation helps the LITTLE PEOPLE.

So how likely an outcome do you think it is when the ONLY PEOPLE it helps are the people with cash in a mattress?

You're pitting the interests of the powerless and poor against every single bank and government in existence.  Compare the power of the levered versus the unlevered.

There is no bank that will not go BK due to deflation.  NONE.  The biggest banks are the worst.  The Wall Street power players know that deflation destroys their businesses within a week.  In the span of 7-10 days in Sep 08, nearly every single wall street institution, big insurer, and large banks went Tits Up.  Even the mighty GS was days away from collapse.

This outcome is one that those in CONTROL of the money supply wish to avoid at ALL COSTS because GS and the moneychanging machine is THEIR LIVELIHOOD.

Seriously, deflationists are *expecting* those IN POWER to let their OWN gravy trains end voluntarily.  Yes, they will PRINT MONEY to avoid the bankruptcy of Goldman.  They will bankrupt thousands of little people with mattress cash and SS stipends to do it.

In what nation, anywhere, ever, has it gone the other way?  I cannot find a single example in the entirety of history where the little guy came out ahead on this.

Jan 17, 2010 12:20 PM

Again:  deflation is the MORTAL ENEMY of the leveraged.

Remember that.

Look around you...see who is leveraged and see who isn't.  Compare their access to power and figure out who will get their way.

They will inflate and bail out the leveraged and leave the rest of us to rot - that is what they are doing!

Jan 17, 2010 12:26 PM

political correctness on a site where open sedition is routinely discussed?

Jan 17, 2010 12:28 PM

why, because of our $100T in unfunded liabilities?

Or because we have an abundance of people like you who break Godwin's Law at the first sign of someone going off the PC reservation?

Jan 17, 2010 4:03 PM

Obama was financed by the banks and has his administration STACKED with the cronies therefrom.

WTF do you think he's gonna do?  He's a clown in a suit who is more in love with the fact that he's President than anything else.  He likes to wear the jacket and ride on Air Force One.

His campaign message was a marketing blitz.  Why did people expect him to be different?!?!  Oh yeah, because he was black and that implies that he's real and deep and has all that "other" authenticity that we see on TV and in movies financed and produced by the people who meet every Sunday with the wall streeters at the same religious establishments

Jan 17, 2010 4:39 PM

it wasn't just that.

The banks were running a credit ponzi atop the real economic activity of homebuilding.

There were mountains of leverage, synthetic debt, CDOs, CDSs, and trillions upon quadrillions of all kinds of other shit.  The signature by the actual real person on a mortgage was just the piece of the iceberg above the waterline.  They only needed a mirror fogged to close the transaction loop that allowed them to slice, dice, leverage, repackage, and transform that minor mortgage into a gigantic money engine for themselves.

So, yes, fuck the banks.  To call this a housing crisis is infantile in the extreme.  It was a debt ponzi made out of clever instruments that most people can't even comprehend.

Jan 17, 2010 4:47 PM

Maybe they are all on the Geithner tax plan?

From my own limited personal experience, let me say this:  everyone that I know who is "connected" in some way, in DC here it's to the government, is doing better than ever.  They see no crisis in anything; their peer group is all full-speed ahead in their own words.  One guy didn't even "see" a housing crisis of any kind.  Basically said it didn't exist as far as he was concerned or could see.

Those people are doing well, the entire rest of the workforce is getting fucked.  Anyone who is a skilled tradesperson is having issues, except for people like my orthodontist, who has also not seen a falloff, but he is among the best around so that could have something to do with it.

Ordinary IT professionals, people in middle management...everyone I know is borderline petrified.  There have been too many rate cuts, hours cuts, job cuts...everybody knows somebody who is out of work, has been, or is about to be.  I live in a wealthy school district and the administrators confide in me that every other family has an earner out of work.  It's something that has cut ALL across the workforce spectrum, except for at the connected level.  Anyone who has an in to the government is doing exceptionally well, and that includes Wall Street.

Even among banks, there have been lots of layoffs, but among the tiptop executives, true to form, they are the ones carving up the cash for themselves in ever greater amounts.

Jan 17, 2010 9:10 PM

You think I'm PRAISING inflation?

My god man, I am praising nothing, I am merely PREDICTING it.

The interests align to inflation.  It helps the government, elites, the leveraged, and the big fish.  Deflation would help the littlest guy.  Consequently, I see no possibility for a deflationary crash.  None.

And, there's never been one ever.  In every case, they have gone brute force devaluation at the trough.  It's either that or immediate insolvency and sovereign collapse.

A breakdown of the monetary system will not help the little people or those with paper notes.

I mean, seriously, read first before hitting the post button.

Jan 17, 2010 9:17 PM

There's never been a government that has failed to inflate.  Ever.

If they want to go that route, they will get there.  I have confidence in their ineptitude.  The system will not be saved by inflation, it will just be destroyed less quickly.

Money is not a real system, it's a contrivance.  So is debt.  It's a concept; it has no force and effect of its own.  We are not playing with the weather here, they are numbers on a balance sheet.

If we granted debt jubilee tomorrow or we printed up $100 and eleventy trillion for everyone, the oil would still pump, the turbines would still turn, life would go on.  That's what I mean.

Letting these stupid balance sheets of idiots like bankers and economists ruin our societies and lives is the pinnacle of stupidity.  Perhaps this is why periodically the banker class gets purged from various countries.

I have studied history and cannot find one example of a deflationary implosion that a sovereign was "unable" to prevent...what, are all those FRNs going to sprout legs and take up guns and start demanding interest in flesh?  Debt is a line item on a piece of paper.  At some point, the morons in charge are going to figure that out and someone stupid will say, hey, that is only on paper, why don't we just print up that amount and repay our debts?

In fact, that's kinda what the Treaserve has been doing for the fatcats.  Paying THEIR debts off.

Jan 17, 2011 1:04 AM

Oz has coal, diamonds, gold, minerals, NG...

Jan 17, 2011 1:14 AM

she's about the quality of what's found in an average landfill

Jan 17, 2011 11:27 AM

everyone got dreams, so fuckin what?

King was the civil rights version of Obama; someone who reads speeches funded by jews.

And what did civil rights get us?  Where's the benefit?

The race pimp machine has abandoned the notion that we are all equal and is trying instead to ghettofy society

Jan 17, 2011 12:05 PM

none of this really matters.

Those who need real silver will have to buy it from miners at whatever negotiated prices are.  Nobody else will get any.  The paper futures market will just move paper around.  And everyone will pretend

Jan 17, 2011 12:09 AM

so long as aggregate deflation continues, the gov't will be allowed to run deficits and the Fed will buy them

Jan 17, 2011 12:13 AM

notice how white she is

Jan 17, 2011 12:44 AM

now you tryin to make friends around here?  LOL

Jan 17, 2011 3:13 PM

i'm inclined to agree...even from a chinese bank, I would be leery

Jan 17, 2011 3:18 PM

they can pawn off rhodium coins onto me anytime lol

gonna need some magnetometer testers for the future

Jan 17, 2012 4:41 PM

he's trolling; it is physically impossible for anybody to be that stupid

Jan 17, 2012 4:42 PM

like the people with real wealth in offshore assets will EVER disclose them or could EVER be caught, what with all the trusts, corporate shells, and all the other obfuscations that an entire industry exists to stand up from the caribbean to china.

Jan 17, 2012 4:53 PM

oh, but you're MORE than willing to accept a silver peak and that you're going to get RICH AS FUCK by the ballistic rise in price, eh?

Everything will peak except oil, eh, cliff?

Jan 17, 2012 4:58 PM

GFD, you are so incredibly stupid.

Silver will "run out" and make you rich, but oil won't.  Got it.  we'll "figure something out" to keep oil affordable, but silver...of course not.  We won't.  because it is silverbugz' destiny to be RICH!!!!!!!11, right?  The consequences of failure to get those unicorns a'pissing is catastrophic.  You may be as sharp as a bag of wet hair, but even YOU get that.

As for 97% of the population, stop pulling numbers out of your ass.  I'd probably set the bar at around white median IQ.

The rest of it is unicorn piss and magical thinking.

Jan 17, 2012 5:02 PM

right on BRO!!!!!11

keep pushin that magical thinking!!!!  UNICORNS FTMFW

Jan 17, 2012 5:04 PM

I'd kill him inside of 20 seconds.  Just for crimes against intelligence.

Jan 17, 2012 5:09 PM

yes, arbitrarily assigning more fiatscos to an ounce of gold will resurrect Cantarell.  It's OBVIOUS.

A++++++++++++== post man!!!!11

Jan 17, 2012 6:00 PM

no; you are the dumbshit here.

Peak oil is real and unavoidable.

I mean, you morons act as if PO is even DEBATABLE...like you do not believe in it, when it has ALREADY HAPPENED in 54 of the top 65 oil-producing nations!

It happened in the fuckin USA over FORTY YEARS AGO and you clueless dolts don't even seem to grasp it.

Jan 17, 2012 8:24 PM

the mystery of how you could possibly be this dumb remains, though...

Jan 17, 2012 8:35 PM

Big Rats are trash burgers anyway and McDonalds is 365black now, so fuck them.

Nobody in brazil wants to eat that shit

Jan 17, 2012 8:36 PM

might want to stay off those drugs

Jan 17, 2012 9:24 PM

i wonder where everyone thinks their power is gonna come from...turn off the nukes?  LOL.  asinine

Jan 17, 2012 9:25 PM

the injuns were here before the white man.  Their nature management consisted of extincting all the really large mammals.  They were like locusts.

Jan 17, 2012 9:35 PM

I will...because that other dude GOT this mfer

it's good to know that all these room temp IQ nitwits have totally come up with the ideas on how to solve this

Jan 17, 2012 9:36 PM

good lord you are dumb

Jan 17, 2012 9:38 PM

i'm gonna go fill my car up with love and drive down the street on it.  Can't?

How about power that fuckin plane u got off of?  Did you love it into flight?

Love doesn't turn the lights on

Jan 17, 2012 9:39 PM

couple things:

1, you're an idiot

2, why in the HELL would the squid want to destroy the system that had made them astoundingly rich?

Jan 17, 2012 9:41 PM

the civil rights era demanded a tribute.  We can no longer afford to go to the moon.  black people are more important to house and feed

Jan 17, 2012 9:42 PM

100%

Jan 18, 2010 1:53 PM

Yes, I praise Jesus daily for the opportunity to acquire more debt on my behalf to bail out banks so bankers can get huge bonuses and pay a fraction of that back in taxes.  It's awesome!

Jan 18, 2010 11:21 AM

This is 3 days of supply for the EU...that's a blip.

This tanker fleet and the notion that oil is overpriced is asinine.

Oil is now in supply decline, having peaked in 2008.  People don't want to admit Peak, despite that wells peak, fields peak, nations peak...but somehow the earth WON'T peak.  56/65 oil producing nations have passed peak, but the globe won't.  Right!

If you want evidence of peak oil, look at the C&C figures.  They peaked in 2005 and have declined since.  That is a reliable metric on "conventional" oil, not biofuels made from natural gas or some other form of energy.

At or past an oil peak, there is no high price that "doesn't" make sense because the freaking commodity is going into DECLINE.

Consumption has declined but so has supply.  Therefore, the price should remain permanently high.

People don't want to hear this, but the oil peak is what caused the financial creditponzi to inflect.  It heralded the END of a multicentury age of growth.

The unavailability of oil relative to the gluts of the past is going to strangle all economic activity moving up from the most marginally economical.  It simply costs *more* as a matter of energy input to do things.  A greater share of what would have been profits now gets eaten up by cost of energy input, both via declining EROI and nominal cost

Jan 18, 2010 11:26 AM

anyone analyzing crude contango needs to discuss peak.

Nobody yet knows what supply declines may lurk out there.  Cantarell was a HUGE shock for everybody in the world oil community - NOBODY foresaw a 34% YoY decline in production from a field like that.

Now, you have maturity starting to develop in the analyses of time-to-peak versus decline rate YoY after peak versus field discovery year and field type and that is why there is contango.

Oil supply is subject to surprises to the downside.  If that occurs, you have to have inventory.  This is why there has been an inventory build in spite of a recession.  If Ghawar or Burgan were to drop like Cantarell, we are quite rightly in deep fucking trouble and these tankers represent that acknowledgement by analysts apparently smarter than the web posters that this is the tail risk

Jan 18, 2010 2:04 PM

I already do this and have been for years.

I will pay extra for clothing made in Italy.

I don't buy consumer merchandise anymore, appliances and that sort of stuff.  Nothing new and I just make do with what I have or I will shop for something not made in China if I have to.  I would buy a used item, no net sale for China.

The ONLY thing I would buy knowing it was made in China would be something so deeply discounted that there is no profit in it for the retailer.  For example, a pair of Guess jeans for one of the kids that was $60 marked down to $12.  Let them rot.  Let the retailer go out of business, I don't care.

Do not shop at WMT, do not buy Chinese.  The masses of people who do, make me puke.  They are assisting in their own destruction all to get more junk they don't need for a cheap price only to throw most of it away.

Anyone who needs something should get it off CL.

Jan 18, 2010 2:06 PM

if that happens, you know what it means, right?  That's a sort of defactoish return to a gold standard for int'l trade. 

The real question is who buys it.  Greece may not have already imploded because of its relatively fair real asset holdings.  Gotta back that paper with something.

Jan 18, 2010 2:10 PM

lol...TA

Someone who believes that you can foretell the future by staring at lines on a chart...hahahahaha

Jan 18, 2010 2:12 PM

Gold entered permanent supply decline in 2000.

THAT is why the fkin price has gone up.  It hit peak supply and there is less produced every year since.

That was never true of housing.  They cannot build more gold; the two things are nonanalogous.

Nobody looks at gold as an "investment," it's a savings vehicle that doesn't depend upon credit bubbles.

Jan 18, 2010 2:15 PM

Yes, the low demand for money is why interest rates are so low.

If nobody is borrowing, banks cannot lend at 10%.  They have to drop rates to entice in the borrowers.

The problem is that most activity now is uneconomical even at tiny rates.

No monetary policy can make pumping water uphill to get the energy out of it coming back down into a profitable venture.  This intersection of the real world and laws of physics with economics is something they apparently don't teach in economics courses.

Jan 18, 2010 2:19 PM

No...he is using "TA"

Which means basically he is using lines on a chart along with fibonacci ratios contrived from points on a chaos plot to attempt to forecast the future.

It's utterly absurd.  There are EW forecasters who've been calling SP tops since October. 

The weather cannot be forecast even 5 days out reliably, but someone can tell you the behavior of another chaotic system based upon a line plot of price along with other metrics derived from price.  Utterly absurd.

Jan 18, 2010 2:34 PM

People think Au is expensive, yes.

They think gasoline is too.

Wonder when they figure out that's the real value of their dollar dropping?

People look at the DXY or the Euro cross and think the dollar is STRONGER TODAY WOO HOO.  Meanwhile, the price of every commodity keeps going up.  Has anyone looked at the fkin price of MILK lately?  Or examined a $.99 bag of Doritos?  There's hardly any IN THERE anymore!  Freakin candy bars cost $1 or $1.50.  I used to get these as a kid at $.25.  A prepared box of Hamburger Helper used to be a challenge for me to eat by myself when I was consuming 4 or 5000 calories a day during my bodybuilding years, but now, jeezus...it barely feeds two preteen kids.

Meanwhile we keep hearing about strong dollars and deflation and "flight to (relative) quality."  Look the flight to quality is underway, to real things.

The principal moneychanger class over the eons loved gold so much that they named themselves after it, and the others after silver or diamonds lol.  Gold is intergenerational wealth, period.  It's been wealth like this for longer than the FRN has EXISTED.  Longer than the US has existed.

Crikey, if you MUST have an industrial use, buy Pt or Rhodium.  Or Iridium or any of any number of rare metals with industrial uses.

Ordinary people aren't buying gold; you are correct, they are selling it.  Cash4Gold is people getting what they think is a good deal on gold being so "high."  If anything, the proliferation of scrap buyers is a sign of the reverse.  People couldn't buy enough .com or housing at ANY price, but now they are rushing to SELL gold because it's "so high."  As if the masses are good judges of "value" lol. 

Someone says bullishness is too high in gold, then why is JPM so massively short?

Jan 18, 2010 2:36 PM

my first purchase was 10 maple leafs at $285 ea...anyone else beat this?

 

Jan 18, 2010 2:42 PM

my take?

Gold will be part of the int'l trade settlement of the future.  So will food, oil, computer parts, anything.

IOW, production backed international barter not built on fiat debt itself predicated upon perpetual growth.

Is gold more useful or valuable than oil?  No.  Value is whatever two participants assign.  Arab nations should not stockpile gold as they produce oil for trade.  Food producers should not stockpile gold because they produce food for trade.

Gold is useful as a SURPLUS mechanism for those countries, though, in the event they need things.  So would the SPR be.  Or the gas pumped under the ground in storage.  That's like a savings account to smooth out droughts or refinery fires, etc.  Nothing says a nation could not stockpile oil or LNG or grains or iridium as a surplus fund in case their primary exports hit a production glitch.

Either way, trading is migrating toward real things as opposed to paper promises

Jan 18, 2010 8:07 PM

Let me say this the most diplomatic way that I can:

Do you freaking UNDERSTAND that the gd'd DXY is SOLELY a measure of comparative worth of currency?!?

If EVERY country with reserves uses them to buy dollars, they merely SHIT THEIR OWN CURRENCY down in comparison to the dollar!  They do not change the OIL PRICE or GOLD PRICE or any other dollar price of goods!

If EVERY country were to begin printing tomorrow, the DXY could go UP, over 100, to 200, wherever.  Gold would still rise as would all real things as denominated in whatever paper currency based upon future growth that won't happen!

Dollar's fucking "uptrend"?  WHAT fucking uptrend?  The trend of the dollar is DOWN AGAINST EVERY REAL THING.  Do not tell me the DXY is going up and that means that the dollar is WORTH more.

It is exchangeable for HIGHER AMOUNTS of other fiat debtmoney currencies, NOT against real goods and/or services.

Jan 18, 2010 8:49 PM

I see it this way:

Nations will trade real things with one another.  Sound debt instruments, letters of credit, real bills, etc.  They will hammer out commodities arrangements, etc.  Trade will happen the way it used to and did for 100s of years.  Tea for silver for example.  Gold's use is in value density as a surplus asset.  If, for example, a grain exporter had a drought but still needed oil, the trade could be settled in debts against future production or else surplus gold saved.  If a nation has significant gas or mineral assets, those could be traded.

The future of contraction will revolve around real things, not debtmoney.  Debtmoney can only exist parasitically in a growth environment, which we have left now.  If you were faced with a person of declining income, would you increase lending unsecured to him?  No.  You'd take collateral or else real things, cash up front, etc.

That's the future.  We have a legion of insolvent sovereigns who've made promises that could only be satisfied if world growth doubled and even then it's a spotty proposition, especially in the case of medical and retirement entitlements.  The US would have to grow like crazy for our debt load to be justified.

So, the future holds a place for gold but it is in my mind no different than any other real thing.  If oil were practicably stockpilable, I'd stockpile that.  I mean, gold, rhodium, platinum, who cares?  It's all about what's easiest.  Gold has density and it doesn't corrode, but could a big platinum producer stockpile that and use it as a trade settlement?  Of course.

A commodity-backed currency regime is Real Bills Doctrine.  But only backing with commodities is foolish; Real Bills envisions notes against all real things, manufactured goods, intellectual property, anything.  Software even.

That is what trade is supposed to be, not the issuance of synthetic bullshit debt instruments for real things.  That is the post-BW US debtpaper racket.  As long as we could continue the credit ponzi, there were new borrowers to pay the previous borrowers' interest and those who purchased the paper got paid.  But now that ponzi has inflected, so why would anyone take debt that required a ponzi in exchange for real stuff?

Jan 18, 2010 8:49 PM

I see it this way:

Nations will trade real things with one another.  Sound debt instruments, letters of credit, real bills, etc.  They will hammer out commodities arrangements, etc.  Trade will happen the way it used to and did for 100s of years.  Tea for silver for example.  Gold's use is in value density as a surplus asset.  If, for example, a grain exporter had a drought but still needed oil, the trade could be settled in debts against future production or else surplus gold saved.  If a nation has significant gas or mineral assets, those could be traded.

The future of contraction will revolve around real things, not debtmoney.  Debtmoney can only exist parasitically in a growth environment, which we have left now.  If you were faced with a person of declining income, would you increase lending unsecured to him?  No.  You'd take collateral or else real things, cash up front, etc.

That's the future.  We have a legion of insolvent sovereigns who've made promises that could only be satisfied if world growth doubled and even then it's a spotty proposition, especially in the case of medical and retirement entitlements.  The US would have to grow like crazy for our debt load to be justified.

So, the future holds a place for gold but it is in my mind no different than any other real thing.  If oil were practicably stockpilable, I'd stockpile that.  I mean, gold, rhodium, platinum, who cares?  It's all about what's easiest.  Gold has density and it doesn't corrode, but could a big platinum producer stockpile that and use it as a trade settlement?  Of course.

A commodity-backed currency regime is Real Bills Doctrine.  But only backing with commodities is foolish; Real Bills envisions notes against all real things, manufactured goods, intellectual property, anything.  Software even.

That is what trade is supposed to be, not the issuance of synthetic bullshit debt instruments for real things.  That is the post-BW US debtpaper racket.  As long as we could continue the credit ponzi, there were new borrowers to pay the previous borrowers' interest and those who purchased the paper got paid.  But now that ponzi has inflected, so why would anyone take debt that required a ponzi in exchange for real stuff?

Jan 18, 2010 8:54 PM

Huh?

Are you aware that people do precisely this in Argentina and Zimbabwe?

WTF are you going to trade for your beans that the banditos WON'T follow you home to take???

They're NOT going to steal your huge mattress stash of priceless FRNs?

Jan 18, 2011 11:11 AM

that's just YT guilt talk.  A nigger is a black person; stop trying to modify the word so that you can feel ok about using racist speech.

Jan 18, 2011 11:20 AM

The Busch family has no need of that type of hustling.

If GWB needs something he can effectively just pluck it from a tree.

Jan 18, 2011 11:20 AM

The Busch family has no need of that type of hustling.

If GWB needs something he can effectively just pluck it from a tree.

Jan 18, 2011 11:42 AM

Do you grasp what technology IS?

It is the enablement of the use of energy.

Our technology has been the conversion of OIL joules into joules of other kinds...technology isn't magic that bringeth something from nothing.

"Easier"?  Not in an energy sense.  People act like the oil age has meant less expenditure of energy because people don't have to carry shit.  It's actually the opposite; we consume VASTLY more energy in this supposed "more efficient" and easier reality than we did when we lacked the technology that is supposed to be our savior from the very issues that technology has created.

Jan 18, 2011 6:58 PM

girls don't like wearing bars

Jan 18, 2011 7:15 PM

It's Tiffany.

Every girl knows what that is.  I have a sometime gf who was an ex print model for banana republic and whose billboards were apparently on the sides of buildings in NYC.  According to her TIF is considered very high prestige, apparently; I always thought that it was kitschy, but evidently it has a pretty good rep.  I've subsequently learnt that it is a great zero-thought gift for a girl.  You simply can't go wrong with it.  "Just silver" doesn't cut it; it's the way women think.

That's how LV can sell shit for what they do, even charging Kiton or Brioni prices for junk belts.  It's a brand, like TIF, with a following.  Apparently, TIF is up there with the other design houses, even exceeding them in a lot of regards.  And I've got to admit that the stuff is pretty nice...there's a TIF store next to a Hermes and Gucci around here and the TIF products look classier and nicer to me.  I will patronize them because it's an american brand. 

Girls definitely have a brand hierarchy and TIF is at or near the top.  It's like having a Rolex watch or Gucci sunglasses, you're in the catbird status seat until someone shows up with a Patek and Chrome Hearts (seriously these glasses bitchslap anything for rockstar effect)

Jan 18, 2012 1:00 PM

economics?  I guess a lot of them become lawyers or are just already the children of 1%ers.

Economics is a shit degree that is commonly studied by legacies, as are a lot of the others on that list.

The "real majors" are down at the bottom...chem eng?  Lol.  Produce something?  Actually create something?  Fuck you...get down below those confettiers.

Jan 18, 2012 1:27 PM

and management (the valuable people LOL) have been tripping over themselves to outsource, H1B, and wage compress the industry.  Who cares about the domain knowledge that walks the fuck out the door, who cares about the BUSINESS?  It's all just cost and profit numbers to these morons and making the next quarter's bonus.

When the last place I was at attrited people who had critical enterprise knowledge I told them to take solace in that their former salaries were going to be a bonus divided up amongst all the management up the chain (none of whom knew fuck about the particulars of how to operate the company).

Jan 18, 2012 1:30 PM

you're not supposed to be looking at the contents of their wastebaskets when you're emptying them during your evening rounds, cliff.  You can get fired for that

Jan 18, 2012 1:33 PM

bad idea.  Too much is already spent on education, the results versus cost graph slopes DOWNWARD.

Only the now-gone majority white babies were able to keep it flatlined.  As brown babies continue to proliferate, results will inevitably crater and gravitate toward the medians of those populations.

Your silly belief that you can just nurture in all these highminded concepts is absurd.  You apparently never went to school. 

Jan 18, 2012 1:34 PM

if they fuck the trade classes, revolution follows.  Marx was not wrong about everything.

Jan 18, 2012 1:39 PM

True.  White people are complete bitches.  They let a bunch of desert nomad war tribers convince them that THEY INDIVIDUALLY are responsible for shit that other people did and bear some guilt for being part of a group that has invented nearly literally EVERYTHING useful in the entirety of history.

They let a group of cousins become oligarch parasites and subvert their entire moral ethos, work ethic, sense of community, everything.  People shake the hands of savages that murder their daughters, and don't feel "whole" until their daughters' wombs are used for propagating colored bastards.  And even then, they are STILL guilty, just for EXISTING.

The control structure of parasitism is inherently antagonistic to COMPETITION.  There is plenty of money to be made on things like vice trades and slavery, even in a world absent anglosaxon innovation.

Jan 18, 2012 11:27 AM

Revisions, bitchez

Jan 18, 2012 11:38 AM

The POG in EUR terms has held up very well.  Peak to trough seems to have been in the 10-15% range and it looks like a double bottom.

Jan 18, 2012 11:58 PM

250B?  That's a horseshit number AB INITIO.  How the fuck could anyone tell that lie with a straight face?

Hollyweird and these shit peddler confettier cousins just want their goddamned pound of flesh from everyone.  Their movies suck.  Their music sucks.  Their TV shows suck.

If the people pirating this shit didn't pirate it, guess what...THEY WOULDN'T WATCH IT OR LISTEN TO IT.  Like me and the UFC.  I can get that on a p2p site otherwise, I am not going to pony up the money for the PPV.  Fuck that.  If I want to hear a song, I go to Youtube.  I give a fuck about downloading the thing to my goddamned phone or some bs MP3 player and most other people don't give enough of a fuck to do so either.

The people who should complain about piracy are the radio stations...ipods+piracy killed them.  And pop music sucks shit and is totally formulaic.  Is there much of ANYTHING in "entertainment" worth a fuck these days?

Jan 18, 2012 12:44 PM

the shorts didn't kill him, he pulled a secondary and cashed out all the lemmings who ran the premium to NAV up.

There was NO decoupling from physical to paper...there was a decoupling from PSLV to NAV of PSLV.  I tried to short PSLV as an OBVIOUS pair trade against long SLV and there are just no shares available to short.

Jan 18, 2012 12:47 PM

i guess we don't need gasoline

Jan 18, 2012 2:01 PM

I guess now I know why my Trilogy Energy did a faceplant starting a week ago.

I had thought that killing Keystone was a foregone conclusion before this decision was leaked.

Jan 18, 2012 2:02 PM

it's just total mfin brilliance at all levels.

Jan 18, 2012 2:08 PM

you understand that "peak oil" means a peak in the production of oil, right?

Jan 18, 2012 6:58 PM

there probably weren't enough black companies that had payola from any project.  So he rejected it.

It's something as simple as that, one of his favored interests wasn't getting paid enough.

Jan 18, 2012 7:15 PM

it'll likely go nowhere.

GOP will give debt ceiling if Bama OK's Keystone, I bet

Jan 18, 2012 7:17 PM

Raygun tripled it and Bama's on track to try to take out that WR

Jan 18, 2012 9:41 AM

all this is economist gibberish.  The future cannot pay the vig on the monetary system and the interest-laden creation of all this debt we equate with money.  Simple as that.

All this talk of "balance sheets" and all these imaginary constructs of the economics profession  amount to a hill of shit.  It's an energy cost-driven recession and it will come to be known as "permanent" in the sense that its time horizon is far longer than any economist is used to in terms of their silly notion of "business cycles."

We will STILL be having this conversation in 5 years and they will still be stumbling around like blind men.

Jan 19, 2010 12:17 AM

Yen carry unwinds first, Japan defaults.  This is/was my prediction.

Carry unwinds will be what it takes to make them full-on devalue/print.

They will institute capital controls to prevent this, full on trade war etc.  BRICs will not let the BOJ or Fed destroy their economies with paper BS.

Jan 19, 2010 12:24 AM

Douchinger believes in the Dollar and the US.

He wants his priceless dollars and his capital markets, because as a "trader" these things permit him to make money doing nothing.

TF is chock full of SPECULATORS.  It's the height of hypocrisy for speculators to be complaining about fractional lending and ponzi rackets.  Capital markets and speculation are his meal ticket.

Jan 19, 2010 12:25 AM

That's because I can't convince idiots like you to do it too.

I don't have to participate.  If I stand alone in my integrity, then so be it.  You people are of no consequence to me.

Jan 19, 2010 12:30 AM

Canada don't need gold when they are sitting on top of a 4mbpd tarsands resource, along with minerals and timber out the yin yang, plus fresh water and NG.

Besides, their gold is in mines if they have to go and get it

Jan 19, 2011 1:11 PM

JPM won't be making delivery, assuming they really are as short as everyone surmises.  The exchanges will change the rules to protect shorts, as the LME did with nickel a few years ago

Jan 19, 2011 1:13 AM

identical paper notes...when does the point of recognition occur?

Jan 19, 2011 1:15 PM

Don't hold your breath, guys.

Look, there are countries around the world even more corrupt than the US, and life goes on there.  There's no sudden collapse moment where everyone goes "ah ha!" and then heads roll.  People just move forward under the new rules.

Life in a corrupt country is like having a nonzero tail risk.  There's a slight chance that in any transaction you will get fucked and completely lose out.  But you can steal do deals, buy things, etc., even in places like Cuba or Venezuela or Africa.

Jan 19, 2011 1:16 AM

Ireland's notes will be just as crisp as germany's. They have the same plates, same paper, same ink

Jan 19, 2011 1:38 PM

fuck that

why should people at 60, the statistically richest demographic, get benefits while everyone else just PAYS forever and gets nothing?

Jan 19, 2011 1:44 PM

this is all fucking irrelevant.

We ALL rode an energy supply wave and the "system" we used really was immaterial.  Prosperity came irrespective of it.

Now that energy supply has appeared to inflect, we are seeing that nothing seems to really work anymore.  We founder in vain, failing to see that our notion of what CAUSED the present was really logically fallacious.

Our human constructs of commerce and interrelation have no bearing whatsoever on the rate that the earth will yield oil to us.  If the sun were to dim substantially tomorrow, would it really matter if we were communists or capitalists?

We are facing REAL systemic headroom here, not a crisis of humans except that we failed to plan.  We really are not so far removed from the Easter Island experience; we only believe ourselves to be.

Look around you - do you really see any broader enlightenment out there?  Or is it really just a cargo cult with flashier merchandise?

Jan 19, 2011 1:46 PM

this is all fucking irrelevant.

We ALL rode an energy supply wave and the "system" we used really was immaterial.  Prosperity came irrespective of it.

Now that energy supply has appeared to inflect, we are seeing that nothing seems to really work anymore.  We founder in vain, failing to see that our notion of what CAUSED the present was really logically fallacious.

Our human constructs of commerce and interrelation have no bearing whatsoever on the rate that the earth will yield oil to us.  If the sun were to dim substantially tomorrow, would it really matter if we were communists or capitalists?

We are facing REAL systemic headroom here, not a crisis of humans except that we failed to plan.  We really are not so far removed from the Easter Island experience; we only believe ourselves to be.

Look around you - do you really see any broader enlightenment out there?  Or is it really just a cargo cult with flashier merchandise?

Jan 19, 2011 1:55 AM

if true, would be a significant mover as far as price is concerned

Jan 19, 2011 1:59 AM

exceeding a material peak supply WILL affect price rather significantly.

Even production growth during otherwise declining trends can have a serious impact. 

Jan 19, 2011 12:35 PM

Greece can't repay?  Wow, no fucking way

Jan 19, 2011 12:55 AM

yeah and they were sellin oranges 60 years ago too...wtf is your point?

Jan 19, 2011 2:07 PM

then maybe you should fucking feed them!

I wonder how anyone aged didn't starve and die throughout the entirety of recorded history up until the SS Act.

Jan 19, 2011 2:09 PM

THEN FEED YOUR FUCKING GRANDMOTHER

So WHAT if each individual check is only $631, the system scaled up in its entirety DOES NOT WORK

Jan 19, 2011 2:12 PM

yeah, LOL@ the notion that the aristocracy has any broader obligation than their own self-aggrandizement.  I mean, the nerve of the proles and serfs actually expecting anything

Jan 19, 2011 2:16 PM

need to start paying attention, miss.

Money only makes more money in a ponzi.

Your notion that higher rates will just magically solve the problem and everyone can become wealthy by the brilliance of interest compounding is absurd.  Who will PAY all this interest?

You can't get something from nothing.

Jan 19, 2011 3:25 PM

blacks work?

Maybe they should "work" on getting their life expectancies up

the rest of your uncle tom screed can get flushed

Jan 19, 2011 3:27 PM

why...don't you provide for you kids now?

Jan 19, 2011 3:40 PM

bla bla bla

everything revolves around this bullshit laissez faire with you guys.

Look, moran, we haven't had laissez faire in 100 years, yet the prosperity rolled forward.  You don't have a clue what caused the prosperity or what prosperity even means in a physical sense.

We measure prosperity by per capita energy consumption.  It's really as simple as that.  But, sure man, if it makes you feel better, I'm certain that if we eliminate government and all get together and hold hands, everything will go back to the way it was during the dark days of regulations and socialism.

You clowns act as if the Fed Act was an anathema or that the government is a huge inhibitor - how, then do you explain the RELENTLESS forward march of 'prosperity' during all of these things?  You're suffering from the same myopia as the Fed's braniacs, searching in vain for a solution within the system when the reality is that all your Plato's cave opining about the "way things work" was a bunch of crap.

Cargo cult, indeed.

Jan 19, 2011 3:50 PM

Hmm...I checked for a duplicate post bc I saw ZH spit me a 503, but it wasn't here; now it is.

I'm glad too because it has blessed me with this nugget of idiocy in the form of your reply, which, I must say, is easily the most refreshingly stupid thing I've read in a quite awhile.

Oil is a passing "fancy"? Political science is forever?  JFC, lemme guess, a polysci and econ major?  Two fucking PSEUDOsciences?

The problem is that you do not understand that physics matter and your stupid "human element" is largely impotent.  Energy matters.  Nothing moves, none of your precious goddamn "information" gets created without it.  The study of physics is a study of work, the basic term engineers use for energy.  There is nothing that happens without work, literally nothing.

A period of growth, you say?  When does growth END?  To an economist, "never."  To a polysci guy..."duh. wha?"  All the effing strenuous wishing never made the trees grow back on Easter Island.  All the sacrifices to gods, all the nonsensical pontifications of shaman like economists and poly"scientists" didn't amount to shit.

Nature bats last.

Jan 19, 2011 3:55 PM

oh jeezus, STFU with this crap.

Where in the fuck are we committing ANY genocide???

The numbers of brown people continue to RISE, moron.

This is a horrible thing, too, because brown people have no heritage of invention or technological progress

Jan 19, 2011 4:02 PM

then your children won't worry about you and you will die a horrible, twitching death.

Sounds good to me

Jan 19, 2011 4:17 PM

yeah and THEN, global credit would have to double AGAIN to fucking $400T by 2030!  This is the very ordinary nature of geometric growth mathematics!

holy shit, batman...math works in an unexceptional manner

Jan 19, 2011 7:13 PM

ah, the halcyon days of sweatshops, child labor, and 7-day work weeks...I cannot wait

Jan 19, 2011 7:18 PM

economics hasn't been with us since the sumerians, douche.

Who cares about politics if there are no humans to participate?

You don't "create" energy through work, energy IS work.  Perhaps this discussion would go more smoothly if you take a brief physics course.  I'm not going to argue reality with someone who thinks polysci and economics are real fields of study or who resorts to them to brush off real issues as if supply and demand can make the sun shine brighter.

Jan 19, 2011 7:21 PM

and I want a pony...looks like both of us are gonna be disappointed

Jan 19, 2011 7:27 PM

300k?  Are you fkin joking?

What's the SS cap now, dude...what's the %?  That x2 is your MAXIMUM possible yearly contribution and that amount is the highest it's been in history.

Great that you're proposing solutions without the vaguest understanding of how much you've actually paid in.

Jan 19, 2012 1:18 AM

it was right here...was ZH around then?  Right here as in me.

Why the fk you think I call him Busch, dude?  Low rent beer, redneck nascar...it's the perfect pervologism.

Jan 19, 2012 10:05 AM

I have an NSX...not sure I want one made in Ohio

Jan 19, 2012 10:07 AM

uh...the only people left in Detroit are blacks.  Why would you want to build a factory there?

Jan 19, 2012 10:12 AM

who would have thought 20 years ago that Kodak would be dead like this...fkin Kodak.  I mean seemed impossible.  Oh well.

Jan 19, 2012 10:28 AM

'zactly

Jan 19, 2012 10:30 AM

but the current president has body men and membership to DLCs and nobody says shit about it...

Jan 19, 2012 12:01 AM

freedom?  LOLZ

The US is one of the LEAST FREE NATIONS ON THE PLANET.  We think we're free because we can favorably compare ourselves to fucking IRAN or North Korea?  ROTFL.

What about like 100 other nations?  JFC, you can't go a day in this place without having someone in "authority" trying to be your fucking mom.  While our kids play dodge ball with fucking foam balls made for 2 year olds (seriously).

You're breaking about 10 laws right now and you don't (and can't) even know it.

Jan 19, 2012 12:02 AM

funny how much Adolf and Bernays agreed upon

Jan 19, 2012 12:06 AM

if there were even TEN MDMA deaths, they would scream from every rooftop they could get access to.

People drop dead in droves from prescriptions and hospital fuckups and nary a peep.  Freedom?  This isn't fucking freedom.

I saw freedom in Colombia just a couple weeks ago...mountain road, no guardrail.  Intersections in the city with no signage in ANY direction.  Guess what?  Motherfucking PEOPLE managed to get by without the goddamned NANNY STATE mother-in-law government breathing down their fucking necks trying to micromanage every aspect of their lives.

People are gravitating toward RP and will continue to move toward that message because they just want their fucking Uncle Sam to STFU and get out of their grille.

Jan 19, 2012 12:08 AM

people just don't understand Brave New World.  They can't get the message, it seems.  We are freaking THERE.  "consumption up to the limits of hygiene," the feelies with explosions and helicopters.  A true magnum opus.

Jan 19, 2012 12:10 AM

google sucks...use bing.  Don't support would-be monopolies of any kind.

Don't buy CIAndroid phones or iShit.  Buy something like MS phone 7 and if they get big, buy something else.

It's like when "alternative" music became mainstream.  Just move on.

Jan 19, 2012 2:37 PM

this is fucking BULLSHIT.

I BID ONE DOLLAR on this stuff and they didn't accept my bid!  My bid represented a markup to real market price of these assets of at least one million and probably in excess of one BILLION times!

I am personally pissed off as hell about this.  Either the Fed is criminal or they didn't see the minus signs in front of all the banks' bids.

Jan 19, 2012 2:47 PM

low rates don't create demand among the jobless.

I might have income now, but fuck me if I am going into a 30-year obligation on an asset for which I simply don't see the income growth to support present pricing.

Jan 19, 2012 2:49 PM

yep.  the ultimate rentier class.

If you are the right ethnicity (same as bankers), you will have a leg up in getting into the club of people who collect that rent.  If not, you're a payer.

The Fed system EXISTS (it's merely a reprise of the Bank of England) to collect RENT off of the creation of money from thin air as a loan.

Jan 19, 2012 4:23 PM

doesn't matter who's President.

Let's just assume for a second peak oil is true and reality of depletion rates are far worse than any of the optimists have projected.  What then?

The dark times last forever if we do not come up with a new, growable power source.

And all the coal and NG in the world can only DELAY that.  They CANNOT obviate it.

Jan 19, 2012 4:30 PM

well no...no engineers worth a shit have said that at all.

The alternatives are Tarpley's death ray beam and the even less plausible "nanothermite"...whatever the fuck that is and however teams of structural engineers were supposed to have planted it into the beams before anyone noticed.

The untruths around 911 revolve NOT around the collapse of WTC1 and 2, but around what the government was supposed to have been doing and have done to have prevented it.

Jan 19, 2012 4:31 PM

when you are a nation that shoots people off the road with drones, usually killing 10 civilians for every single "enemy" you want, you should not be surprised when other people blow your buildings up and vice versa.

Jan 19, 2012 4:37 PM

only until the war starts...then wartime ASW kicks in and subs run like hell and hide.

Jan 19, 2012 6:42 PM

yes...it's going after formations that couldn't be developed by just drilling a round hole.

lower EROI.  No choice tho.  We are going to be doing like my dad and running that toothpaste tube along the edge of the countertop to get the last drops out.  Then we will cut the tube open and scrape the remains.

And morons will still be bleating IONIC LIQUIDS!!!!!1 and denying the reality of production peaks.

Jan 19, 2012 6:43 PM

fortunately, real scientists involved in this do not get their rocks off on killing people.  Their management might, however.

Jan 19, 2012 6:44 PM

Gasoline or alcohol fuel cells would be helpful.

But, fuckit, cut ALL science because it's not very diverse.  Spend more money on FNM and wars.

Jan 19, 2012 6:46 PM

perhaps you didn't read the article...it was about natural gas, not oil. 

Moron.

Jan 19, 2012 6:49 PM

you don't understand how commodities are priced, I see.

Just accept the facts, ok?

Jan 2, 2011 10:39 PM

but...it's all over Youtube how the TP is nothing but a racist movement.  I lost a friend of several years arguing that it wasn't and one of her DWL friends came in and said that if I disagreed that it was a racist movement then I was a racist too.

So it's got to be true, right?

Jan 2, 2011 10:48 PM

American women are, unfortunately, by and large trash now.  They go with whatever the trend is.  Go on a dating site and put in your profile "NO YO MTV girls" or something like that...you know what I mean by this, no coalburners.

You will get responses sometimes that are like that is great, agree 100%.  Then you'll get the occasional response like "ghetto culture is the way it is because of injustices that favor the white middle class."  Um...excuse me???  Injustices have favored the MIDDLE class?  When the fuck did THAT ever happen? 

In fact a lot of black girls feel like they are doomed to be spinsters because they are the "demographic in the demographic" that actually participates in the workforce and they cannot find suitable mates.  You'd be surprised how many of them reject the ghetto mentality although it's a much bigger leap for an american one to spit on it like a few I know from other countries, one of whom told me "african americans are worthless; I don't know why you put up with them."  lol

Jan 2, 2011 2:40 AM

winning hand of what?

Pollution?  Overcapacity?  Empty cities?  Demographics nightmare?  Cancer cases?  Counterfeit goods?  What?

Jan 2, 2011 3:15 PM

I guess he never looked into the historical record of his own incarceration in 2003, not that it'd have made any difference

Jan 2, 2011 3:36 PM

there will have to be some sort of compromise on bamacare; the tidal wave in 2010 was too large to ignore and there's another election in just a couple of years.

if the main street economy continues to be this bad, there will be some hell to pay even though the electorate hasn't yet figured out that they are just the jane in a gangbang.

That said, all this kvetching over the debt ceiling is laughable and only illustrates how pathetic the average cognitive ability is now that we're talking about chunks of trillions in raises.  It's a simple geometric growth pattern with actually a relatively linear log plot, mathematically unexceptional.  Yet we hear all this braying when the doubling is "4" instead of "2."  The ceiling needs to be doubled on the growth interval, whether that be 1, 2, 4, or 128T

Jan 2, 2011 4:02 PM

why didn't he just break it down and say "white people are jewhaters"?

The reality is that this group of "tight kinship" aka clan nepotism has gotten rich lending what they did not have.  Look at our banking system now...$50T of Z1 credit outstanding...does ANYONE believe that the banks who lent this mass of money ever really HAD $50T in capital to actually lend?

Debtmoney is a ponzi, and emerging recognition of that provokes the hostility.  Fractional lending at compound interest has gotten people lynched because it really IS earning via parasitism.

Jan 2, 2011 4:06 PM

we can't...thus we need to abandon the growth model and the monetary system that rides on it like a parasite.

Think about the privilege given to bankers, this "tight knit kinship" and whatnot.  They get to kite checks and earn interest off of it.

Maybe it's high time bankers and banking clans took their kinship and shit to producing real value instead of credit?

Allowing debtmoney to persist in a climate of lack of growth or even contraction is an abomination.  The parasite of interest will begin to increase its share of real production.

Jan 2, 2011 4:09 PM

I must disagree.  The math is NOT well-understood.  Most people simply cannot grasp it.

I've met maybe one person who can answer the bacteria in a bottle growth question properly.  And most minds cannot wrap around that if, at close to zero hour, those bacteria found a new resource base over one thousand times as large as their original resource base, that given the compounding math, this resource would last them only another 10 minutes, or a minute fraction of the time it took to get from empty to full.

Jan 2, 2011 4:13 PM

I used to make these same arguments over on TF at the China is the New Master crowd...basically, if you look at per-capita oil consumption, we need like 5 or 6 ghawars to get Chindia to our level.  Not gonna happen.

China has a lot of fine empty cities, though.  Talk about waste.

Jan 2, 2011 4:16 PM

new masters?

What, are they going to come build empty cities here too?

A lot of talk about the US's debt...what about the debts in China?  They are loaded with negative ROI

Jan 2, 2011 4:22 PM

well, the Family still lives pretty large; all those palaces didn't build themselves.

Jan 2, 2011 4:29 PM

rich white people don't suffer from affirmative action.  The middle class and lower class whites do.

It isn't the children of legacies who don't get admissions.

Multiculturalism is a failure.  The more africans we have, the more we resemble africa.  The more mexicans, the more like mexico.  It's a simple matter of genetics.

Disingenuous white liberals in their whitopias, like you probably are, need to STFU

Jan 2, 2011 4:31 PM

how much would it cost you out of pocket to deal with this asthma and what is its cause?

Jan 2, 2011 4:35 PM

about this junking...let me get this straight, help me out here:

Do you people honestly give a fuck if someone junks your post?  I mean, really?

I have never, ever paid attention to what the junks were on a post I wrote.  Why would I give a shit?

Junk away, knock yourselves the fuck out

Jan 2, 2011 4:38 PM

yes, that was I.  thanks for noticing; it is a meme I have been trying to get people to grasp for 7 years now.

It's been a challenge to get them past the false dilemma of either status quo growth or else complete madmax collapse.

Jan 2, 2011 4:43 PM

you simply have no clue about per capita energy consumption, do you?

Jan 2, 2011 9:45 PM

ok, here's your first step, both of you

NEVER EVER call another white person a racist.  If you see another white person doing it, chastise them in some way.  Never ever side with a nonwhite over some claim of racism and ostracize and isolate those who use this epithet.

The racist tag is empowered by disingenuous whites and is a total joke, but a joke that can currently ruin careers among other things.  Were the racial situation a level playing field, fine, but it isn't. 

If there are inadequate blacks in ANY organization because they fail at tests of aptitude compared to asians or whites or even hispanics, a racist organization is formed to promote their participation irrespective of merit.  This is not true for whites.  Nobody gives a shit about WASP underrepresentation at MIT or the disproportionate participation of asians.  There are groups like La Raza and NAACP who look out for their memberships along strictly racist lines.  Therefore, any claim of racism by whites should be viewed as null and void and should be ignored and even rejected by any other white.

Let brown people police their own racism before pointing fingers.  And let them stop committing crimes by the assload or else their race should pay REPARATIONS for this.

Yeah and NH and CONN?  Forget it.  Chock full of DWLs in their whitopias, trying to flee BRA at the same time as they condemn anything white.  Stay away from the marxist places.  The west is where you can find some like-kind.  As in Wyoming and places like that.

At some point, humans are going to have to make painful acknowledgement of facts which we all know to be true, but which people wish weren't.  AKA, 'hate facts' which tend to illustrate inequality.  Black 'culture' is a failure and there is nothing wrong with you for recognizing that.

Jan 2, 2011 9:52 PM

largest white ethnic representation is german.  That's why the nation worked well for so long, along with a heavy amount of scandinavians.

There is a measurable qualitative difference in various attributes between what we call "races."  There is nothing you can do or say to make this not true.  We may argue about WHY it is, but not THAT it is.

No shit, people really are different, evolution really is real.

Jan 2, 2011 9:55 PM

Go fuck yourself, DWL.  Have mulatto grandchildren.

Nobody suggested murdering anyone, but this is the CLASSIC cloture tactic, the Godwin's Law Hitler dig.

No, we don't need to exterminate jews, we need to exterminate DWLs.  You all loathe yourselves anyhow, and are suicidal.  We should help you find peace.

Jan 2, 2012 1:01 AM

hey we might get hail mary on the river and fill that straight...and everyone else will fold

Jan 2, 2012 1:05 AM

bbbut...bbbbut...RAPE ROOMS and MOBILE BIOLOGICAL WARFARE LABS.  And yellowcake and aluminum tubes.

The same people Saddam kept his boot on were the ones blowing shit up and successfully ethnic cleansing Iraq.

And we let it happen.  FREEDOM, bitchez.  Mr. Sunni you have the FREEDOM to gtfo of this neighborhood and Mr. Shiite, you too have the freedom to GTFO or get beheaded.

And all non-muslims have the freedom to leave the country forever or get slaughtered.  God bless america

Jan 2, 2012 1:06 AM

yeah, the monies under oil for food that were stolen were stolen BY the UN.

Jan 2, 2012 1:09 AM

I have done both of those things...but I always thought Lennon's brilliance was more in his writing than with the guitar

Jan 2, 2012 1:11 AM

thing called BIBLE, idiot.

Everything he said is true.

Jan 2, 2012 1:40 AM

shit...that RP campaign ad was shit I said like 3 years ago (?) I used the same language, and same Chinese military base analogy to try to get morons to understand 911 and how we're in a war and in wars, people get hurt (sometimes our people) and how we would find such a presence totally offensive.

Oftentimes I think I should be a language strategist for political campaigns...I wrote the whole "flypaper" fight them over there instead of here talking points meme for the rightwing on a forum and then it showed up on MTP and the sunday morning chatterati circuit 4 weeks later.  That happened 2 or 3 other times within a relatively short span on other topics.

People who wanna make points, holler...

Jan 2, 2012 1:40 PM

so building a compound here and stacking 2000lbs of silver is a bad idea?  oh noze

Jan 2, 2012 1:43 PM

who knew Ahmedinajad was a fuckin longhorns fan and therefore in league with Lucifer?

I am SOZE DISILLUZIONED

Jan 2, 2012 1:46 PM

eh...I can't honestly see much difference.  Muhcane would have been relentlessly hounded by the MSM for the warmongering (only because he's on the other team)

Jan 2, 2012 10:48 PM

it's good that you are such an expert on any type of studying that might cross these racial boundaries you claim are imaginary.  You should take that up with the scientists who make such studies their livelihood.

You just deny "clean testing environments," as if that fucking means anything.  The problem here is that you are insufficiently intelligent to understand how these environments COULD be clean or controlled.

It IS possible to distinguish culture from heredity; in fact there are manifold ways to do so.  In the absence of your capacity to understand how, you will merely stick your head in the sand and chant.

BTW, it is enough that I make a claim; I do not lie.  I state facts.

Jan 2, 2012 10:52 PM

everyone has an agenda.  The fact remains that the land had no value to natives other than a place to shit on.  They didn't know there were oil and minerals down there, nor how to get them.  Our extraction of them along with provision to the natives of education, the wheel, and oppression like electric power is a fair trade, just as $5 and some shiny beads were for Manhattan. 

Jan 2, 2012 10:59 PM

what is all this muddleheaded shit you're writing, dipfuck?

You confuse the general with the specific.  Don't do that again and try to have an argument with me.

I believe absolutely in evaluating individuals as individuals.  I don't hate people I haven't met.  You people amaze me with your inability to read what IS written.  You are so easily sidetracked by your own sloppy thoughts and emotions.  So easily manipulated and confused and conditioned.

Jan 2, 2012 11:05 PM

is it possible for you to make it through a post without totally changing the subject onto some strawman?

It isn't semantics; what is bullshit is when you DISTORT the meaning of a word to fit something it isn't.

What happened in Iraq WAS NOT Genocide.

Jan 2, 2012 11:07 PM

well we know damned well YOU aren't in Mensa....no way you could qualify

Jan 2, 2012 12:02 AM

and how many more minutes do the bacteria get if they find 3 more bottles?  aka, quadrupling their living space...

Jan 2, 2012 12:10 AM

why shouldn't population controls be applied to people of color? 

Population control should apply to all people.  However, people of color have historically been of near zero value in advancing the human condition.  A strong case can be made that we should have less of them.

I just don't get the fetish you people have for people of color.

 

As far as affluence of Chindia...ROTFL.  Oil supply is going DOWN, not up.  For them to have affluence like we have would require TRIPLE the present oil production rate.  Nevermind stuff like AGW, the oil production necessary is ludicrous and impossible.

Jan 2, 2012 12:13 AM

gee...why do blacks get it so much more frequently?  Couldn't possibly be that they engage in behaviors much more frequently due to lower impulse control or higher sex drive?  Way more promiscuity, way more risky behaviors.  That's their culture and it comes from WITHIN.

Jan 2, 2012 12:15 AM

thank goodness we'll have billions more africans.  Lord knows they have been such a historically useful and inventive people, coming up with such things as the....hmm.  Super soaker?  Anyone?  Bueller?

Jan 2, 2012 12:19 AM

"where are the shoe stores?"

Synopsize, I ain't watchin 2.5 hrs of this crap

Jan 2, 2012 12:31 AM

nothing I said was contrafactual.

Facts cannot be racist.

As far as implying intellectual incompetence, I'll let that thing called the FACTS speak for me.

The race hasn't ever produced a significant invention of ANY KIND.

It's funny how you idiots claim we are PLUNDERING the 3rd world for its resource riches then in the same breath say that they don't have the fucking wheel because they lack...resources.  Yeah, you got it.

As for race versus race, your knowledge of the studies on this issue appears to be sorely lacking.  For example, there are a variety of longitudinal studies of IQ versus race.  One of these plots people who BELIEVE themselves to be single-racial and their average IQ (in an environment that was single race, i.e., they thought they had same-race parents but did not) tracks an average of...surprise...halfway between the averages of the races their actual biology is.  Likewise, there are studies of those who BELIEVED themselves to be biracial but really weren't but were raised as if they were biracial (mistake or lie, who cares) and their average IQ tracks to the average of their actual biology.

In other words, it really doesn't matter what the fuck you believe or who raises you- BIOLOGY matters.  Identical twins separated, adopted kids, confused-race kids...it's all the same.  Heredity dictates; nurture doesn't.

What technical competence has to do with aid is a decision that must be made in a climate of scarcity.  For example if there's only enough food for all but one of us in an apocalypse cave, you are going hungry simply because you are too stupid to be of any value to the collective.  I, while abrasive, am actually useful and intelligent.

Jan 2, 2012 12:32 AM

Katrina wasn't due to shortages, it was due to a different factor

Jan 2, 2012 12:46 AM

that's absolute nonsense...and THEN WHAT?

you don't think NG will peak and deplete?

Jan 2, 2012 12:50 AM

no, they don't fit the definition of genocide by any stretch of the imagination.

Genocide is defined as "the deliberate and systematic destruction, in whole or in part, of an ethnic, racial, religious, or national group"

If you think Iraq or Afghanistan are genocide, then you are simply motherfuckin stupid.

Jan 2, 2012 2:21 PM

the Federal Reserve will just write the policy

Jan 2, 2012 2:23 PM

do you have a permit for this field of strawmen?  Because if you don't, you know you can be locked up

Jan 2, 2012 2:24 PM

the moors were INVADERS who slaughtered people.

WTF is the matter with you?

Jan 2, 2012 2:38 PM

Yes, what the world needs is WAY MORE black people.  Like Detroit.

All black failure is a result of white oppression, even prior to white "invasion" of Africa.  Whitey used remote control mind beams to steal the wheel and written word from blacks long before the first ships hit the coast of west africa.

I find it marvelous that the truth at some point became RAYCISS.  It's as if an entire mass of people decided to stand up and repudiate reality and insist that a fantasy was true.

Nature arbitrates who wins and who loses over long periods of time and did so long before any of us were born.

Lord knows why those racist mammals didn't save the dinosaurs.

Jan 2, 2012 2:45 PM

sure, but just recognize the "disproportionate impact" of such a measure.

Jan 2, 2012 2:46 PM

Abortion is not sterilization.

Next.

Jan 2, 2012 2:48 PM

HELL YES, sterilize the buck too!

The RULES are valid or invalid not dependent upon whether they apply to me.  I am not emotional like that.

My proposal was to sterilize those below a certain IQ threshold.  That could mean me, my kids, my brother, my beloved neighbor, anyone.  The rule is the rule...it exists on its own merits.

Spay AND neuter.

Jan 2, 2012 2:55 PM

"Because people of color are human beings trav and you would think as a human being yourself, if you are one, would rather defend the rights of all human beings in their pursuit of life and happiness and not used up for the pursuit of someone elses happiness"

What?  What the fuck does being a "HUMAN BEING" have to do with this?  Is it possible for you to have made a MORE irrelevant nonsequitur in response?  JFC, I thought you said you were gonna ARGUE, not start whining like a bitch?

As for to whom population control should apply- YES, I have said IT SHOULD EVEN APPLY TO ME.  GOT THAT?

I have not wavered in this AT ANY POINT.  I would set an OBJECTIVE set of criteria down and if I fall below the bar, then I DON'T HAVE KIDS EITHER.

"You are the bigest piece of shit racist. You feel as though their are not many helpful black people so we should just get rid of them. You're a fucking crazy psychopath. You have a seriously fucked up god complex"

Well, here's another who can't understand Bartlett.  Either WE choose or nature WILL.  You think I'm motherfuckin psychopathic?  Wait until you see what Nature dishes out.  Nature is brutal and cruel and utterly without care.

the HUMANE society says spay and neuter your pets so that they don't overpopulate then STARVE TO DEATH or have to be euthanized.  I am being HUMANE, but you people are so mindfucked that you think humaneness is tantamount to psychopathy.  YOU are the psychopath...or maybe just an idiotpath.

I make arguments like the one I did because it challenges morons like you to defend your stupid theses.  Typically, you people can't even fashion ONE POST containing a SINGLE SET of coherent points in response to a true statement.

You have been psychologically conditioned by an entire apparatus nearly since birth to believe what you believe, yet you do not at ANY point question any of it and you respond to people who challenge you with vicious ad hominem.  WTF is the matter with you; are you REALLY that stupid?

Jan 2, 2012 2:58 PM

look; we can HAVE refrigeration, electric power, and modern medicine AND control population too.

It's possible.  Stop creating false dilemmas.

the fact remains; people of color have not been of much value in advancing the human condition.  That's a fact, rebut if you can.

Don't talk to me about human beings or feelgood nonsense, address the statement or STFU.  The US citizen should be sterilized as well and overconsumption for the sake of it...AGAIN, same issue.

But you people will not accept ANYTHING which has disproportionate impact because you believe in something WHICH IS NOT TRUE, that being qualitative equality.

If the "US system" goes under, so do a billion africans.  OUR system is feeding them.  So be very careful what you wish for, cretin.

Jan 2, 2012 3:05 PM

lol, so we'll leave the eventual population crash up to God then.  Great.

Moron.

Jan 2, 2012 3:09 PM

um...exponential growth math makes it axiomatic that more are here now than in all previous doubling intervals combined.

2^x = 2^(x-1) + 2^(x-2)...2^(0) +1

yes i could have provided an definite integral of the exponential as well and compared to value at x

Jan 2, 2012 3:12 PM

huh?  a great idea exists independent of my drawing of any straw.  that is the difference between TRUTH and opinion.

As for your opinion of whether there is more than enough; you're wrong.

As for the strawman of what politicians love...irrelevant.

Jan 2, 2012 3:13 PM

are you talking to me?  It's impossible to track this far downthread.

But if so, I am desperately trying to get people to see that we need to bend ourselves TO nature, not the other way around.

Nature will do what nature does best and that is cause recurrent mass extinctions.  I'd prefer to TRY to not be part of that.  I would rather choose as opposed to letting Nature come up to bat.

Jan 2, 2012 3:16 PM

Listen, you stupid retard, NEITHER oil supply NOR population can grow geometrically forever.

If you have studied population growth cases, you immediately see that the downside when resource scarcity imposes, is UGLY.  Brutally, motherfucking UGLY.

Unlike you, I am humane and wish to avoid that.

I still don't see what the fuck is wrong with eugenics when we PRACTICE IT on EVERY OTHER ORGANISM WE ENCOUNTER.

Do you have a fucking pet?  That's EUGENICS.  You ever eat a piece of fruit or meat or anything?  EUGENICS.  AGRICULTURE IS EUGENICS.  Ranching cattle IS EUGENICS.  Riding fucking HORSES is eugenics.

Jan 2, 2012 3:23 PM

nah, just encouraged.

You know, we don't permit reproductive freedom of dogs and cats...it's because the natural reality is that given the environment, they would soon overrun us.  We practice population management of every other animal in existence.

Once we went fucking with natural balances because we didn't like their outcomes, we opened this pandora's box.  We are NOT IMMUNE to nature simply because we believe in shit like "freedom."  That's nice to believe in but when nature decides we're not free, we ARE NOT FREE.

If nature visits us with H5N1 (which will happen eventually), all this Constitution shit ain't gonna mean dick.  Your "god given" right to LIFE means NOTHING to nature.  Go jump off a cliff proclaiming your RIGHT to pursue happiness by jumping off of cliffs!

I REFUSE to ignore reality; that is one of the things that MOST separates me from ordinary people.

What's coming is coming; listen to Bartlett if you can't stand my avatar.  He's way less threatening than I but I say the same things.  The center CANNOT hold forever.

If you deny what I say, then you deny Bartlett as well, you deny MATH.

And math is God's language; He is on my side, not yours.

Jan 20, 2010 8:11 PM

ND's model might work for other surplus producer states.  ND is a major oil exporter right now (in state terms) and that is mostly why their model works, lots of revenue.  Same was true for Alaska for many years.

It's unlikely that net consumer states or those whose GDP is largely derived from FIRE ponzis could have such a situation.  In fact, the State Bank of CA may have ended up being involved in the same types of RE ponzis as the Fed was feeding, but at least the damage would be confined to one place.

Really, sound regulations and policies are the only things that prevent banks from doing fractional scams and feeding ponzis to drive their own origination and securitization fee models.  However, it would be nice to arb or carry trade at the State level; would put a stop to a lot of the shenanigans much more quickly as one state saw inflation rates out of control and the citizenry began to make an easy migration to better locales.

Jan 20, 2010 8:33 PM

you understand exponential growth, don't you?

The debt is merely doubling every 8-9 years on average.

Jan 20, 2010 8:39 PM

you're a fking idiot

Jan 20, 2010 8:56 PM

the real economy has peaked...we are getting deflation.

The answer to it is devaluation

Jan 20, 2011 12:28 PM

not sure I'm feelin this forecast, simply because of the production figures that have been coming out.  If gold is exceeding its previous 2001 production peak, then the extra supply will be a significant headwind against the price until production begins to materially decline again

Jan 20, 2011 5:45 PM

because in all other inflationary environments like Chile, Colombia, Argentina, Brazil, Mexico, Russia, Hungary, etc., wages ALWAYS caused the inflation...right?  Oh no wait, they didn't

Jan 20, 2011 6:19 PM

their average life expectancy was far lower because they frequently died of preventable diseases

Jan 20, 2012 1:50 PM

careful...you just gored a ZH sacred cow

Jan 20, 2012 1:54 PM

no...YOU don't get it.

Crashes and collapses take far longer than your pathetic human attention span...even your pathetic human LIFEspan.

They take a lot less to read about than they take to happen.  We're IN what will be referred to in the future as a crash or collapse.  But it's not going to just be one MOMENT where suddenly everything goes poof.

It will be a slow decline.  In 10 years, you will look around you and if you can, remember how much you recall things having been better 10 years prior.  And that reduction by whatever percent in your lifestyle will be the crash.

Even the GD was over 10 years.  Collapses, panics, etc., in history, 2, 3, 5, 10, 20 years. 

Jan 20, 2012 1:55 PM

nah...it's more like erosion than a storm.  Storms are sudden...this isn't.  This is a developing situation.  Things will eventually fall down suddenly, but the entire neighborhood or town isn't going to erode away at once.

Jan 20, 2012 11:44 PM

this is all you have to defend your magical thinking?  Infant babble?

Good lord, get help.  Put down the airplane glue and go to rehab

Jan 20, 2012 11:44 PM

huh?  Humans do not act the same when presented with similar circumstances, moron.

Look at how you act when presented with a cogent argument...you just babble and stammer and bullshit.  Others at least try to say something intelligent.

Jan 20, 2012 11:48 PM

no production peak has ever been reversed by higher prices.

I don't expect you to know why that is.

The computer is NOWHERE NEAR a personal fucking holodeck, you idiot.  Don't you ever like get ashamed at saying such stupid things?

Jan 20, 2012 11:49 PM

that is the stupidest response I think I've ever read.

Yes, if fat people run out of FOOD, they eventually DIE.

Did you mean to say this?  You asked someone, fess up...

Jan 20, 2012 11:53 PM

don't front, cliff...I'm hardly the first or the last person to embarrass you on ZH.

Jan 20, 2012 11:58 PM

total default has already happened on other metals.

The LME had nickel delivery fail several years ago.  The world did not end, the shorts just took it up the ass.  The exchange FORCED the longs to lease supply to shorts.

Nobody is going to allow a paper squeeze like the Hunts did.  They will crush it, as they have repeatedly.

but, let's set that aside for the time being.

Your ORIGINAL reply seemed to claim that the Comex HAD a responsibility to deliver.  Now that I have blown that (and you) out of the water (again) by pointing out the stupidity of your statement, you have AGAIN changed the subject to something about "it not having an effect on silver."

That it would or would not have an effect on silver was NOT AT ISSUE.  The argument, in case you forgot, was whether COMEX has a responsibility to deliver metal.  It does not.  It has contract language IN PLACE insulating it from default.

So, when faced with this, you just think you can migrate off onto some strawman and get away with it?  Listen up, bitch:  if you want to stop getting shown up SHUT YOUR MOUTH.  Simple as that, STFU.

Jan 20, 2012 12:14 AM

are you people stupid enough to bury your gold coins?  How idiotic is that?

Jan 20, 2012 12:23 AM

you idiot...silver was used as money for 2000 years after Jesus.

But also used have been copper and lots of other metals during the same period

Jan 20, 2012 2:33 PM

didn't this same idiot slam RP awhile ago???

Jan 20, 2012 2:35 PM

no.  He's a socialist.  He just wants to smoke jane legally.

Jan 20, 2012 2:35 PM

completely.  A douche who thinks he's funny and his opinion is worth a shit when neither are true.

Jan 20, 2012 2:37 PM

lol I just said the same thing above before reading this.

The real problem is that these pundits have not been savaging the current president DAILY for the continuation of the Busch GWOT and related doctrine.  They make a comment then STFU and fall back in line.

They only want their legal pot...that's it.  And porn and stuff like that which RP wouldn't regulate at the federal level.

Jan 20, 2012 2:38 PM

silver is up a buck, can't you mfers be HAPPY for once???

Jan 20, 2012 3:32 PM

that's just your bias showing.  I hate all of them.

The way they have their lips wrapped about Bama's dick is even MORE revolting just because there are more of them and they pretend to be smart and above everything, unlike Faux.

Jan 20, 2012 5:14 PM

most people here don't either.  They have high voltage mental 3rd rails that they are terrified of approaching

Jan 20, 2012 5:51 PM

silver production has risen...simple as that.  gold hasn't.

Your claim that almost all silver is destroyed is nonsense...doesn't stop your making it WHILE AT THE SAME TIME claiming that silver ISN'T an industrial metal!

Silver has a 50/50ish industrial to non- consumption figure.  All the jewelry, bars, coins, and stuff buried out behind the doublewide with your canned ham is not consumed.

Jan 20, 2012 5:51 PM

huh?

THE SELLERS are responsible to deliver the silver, NOT the Comex.

There's nothing wrong with any of this so long as silver is delivered by sellers of futures against whom the claims of longs accrue.

Jan 20, 2012 5:56 PM

things like that don't go over well here or in Fallujah

Jan 20, 2012 5:58 PM

based on your thoughts?  must've been an empty page

Jan 20, 2012 6:03 PM

you're pretty fuckin insane...

Jan 20, 2012 8:42 PM

yes I did try to long SLV short PSLV...no fkin shares to borrow

Jan 20, 2012 8:46 PM

paper went up today didn't it?

Your great "prediction" of decoupling will fall flat on its face like all the rest

Jan 20, 2012 8:51 PM

chance I'm right about what, that idiots won't be trading silver for groceries with "lead strapped on"??  ROTFL.

The amount of Call of Duty you people must play....

Jan 20, 2012 8:52 PM

huh?

Didn't I just TELL YOU that silver PRODUCTION hadn't peaked yet?

you sniff glue don't you?  Be honest

Jan 20, 2012 8:53 PM

I don't have a fragile ego like you (or fragile X like mosely-claven) so I do not care about my arrow count.

You people look mostly like lemmings to me; there are a few here who can think, but not many.

Jan 20, 2012 8:54 PM

wtf good would that do?  cruise missiles at africa?  why?  To burn up silver or something?

cruise missiles blowing up witch doctor huts doesn't sound like a great idea to me, seems like...overkill

Jan 20, 2012 8:57 PM

gfd you are stupid...just, really, seriously, stupid.

Peak production IS NOT MITIGATED BY PRICE.

Figure out the fucking difference between reserves and production, WILL YOU? 

Jan 20, 2012 8:58 PM

YES!

Silver production will eventually peak.  Then it will receive a significant price tailwind.  I've said that a million fucking times, wtf is wrong with you people?

Jan 20, 2012 9:00 PM

You can repeat as many lies as you want, moron, but that won't make them true.

Melanin is a consequence, not a cause. 

Go back to chewing paint chips now, bitch.

Jan 20, 2012 9:03 PM

3 facts:

oil has peaked.  So has gold.  Your geologist friends laugh at you when you're not in the room.

Jan 20, 2012 9:06 AM

oil scarcity is going to have a way of making that choice for them.  You still act like reality is elective

Jan 20, 2012 9:06 PM

could you POSSIBLY apply MORE magical thinking to this?

I loved that holodeck thing...I guess it will run on unicorn piss.  The pressure for the pneumatic tubes (and construction of them) will be by unicorn..farts?

There isn't enough YIELD on crops without oil to feed everyone alive now, cliff.  Even your butt buddy akok gets this, but for reasons that escape us all, he isn't bright enough to approach the mental 3rd rail that both of you have.

Jan 20, 2012 9:08 PM

what a collection of magical thinking, muddyheaded GIBBERISH.

NO, peaks have NOT been mooted by HIGHER PRICES opening up more production! 

I have NO fucking clue where you come up with this "we're all going to die" thing...It's a CLASSIC strawman.

You have no ability to counter the argument so you MAKE UP an absurd one to counter.  Alternatives to oil...like?  Unicorn piss again?  Personal holodecks?  Pneumatic tube networks?

Good fkin god, just STFU, Cliff. 

Life will go on after peak...just a lot less of the human version of it because we depend upon hydrocarbon production to keep our population numbers this high.

Rather than take action to mitigate the suffering from that, morons like you do rain dances hoping the unicorns will piss on you.

Jan 20, 2012 9:10 AM

LOL...convert coal to oil?  We'd be out of coal in 10 years.

Jan 20, 2012 9:11 PM

you don't fucking GET IT, do you?

Peak is a matter of GEOLOGY, you fucking IDIOT.  It DOES NOT CARE about this SILLY THING we humans call price!  It never has and it never fucking will.

You CANNOT CHEAT PHYSICS, cliff.

Now STFU.

Jan 20, 2012 9:12 PM

no, just people like you- shameless bullshitters and the pitiful lemmings who want to believe the bullshit.

There are several people here who tell unpopular truths, about race, about energy, about a lot of things.  And cretins like you have the audacity to argue with us.

Jan 20, 2012 9:14 PM

let's see here...falling supply and falling consumption...permanent high price.

Pretty consistent with what should be expected post-peak.

Jan 20, 2012 9:16 PM

racial hatred?  WTF?

How do you get that from my wanting to help failed races to succeed?

Idiots like you will go the way of the dodo bird.  It is inevitable.  Reality invariably crashes your party and shows you to be a naked fool.

There is no way around it, akock.

Jan 20, 2012 9:17 PM

did you read the prospectus, moron?

Might wanna.

Or, hell, you can see what the LME did when nickel shorts couldn't deliver.

But, then again, no...keep talking shit out of your backside regarding things about which you know next to nothing and harbor nothing but erroneous perceptions.  It's amusing to make fun of you.

Jan 20, 2012 9:20 PM

the problem with the mosely-clavens of the world is that they think they're smart.

The exchanges already have mechanisms in place that specify counterparty rights in the event that the SHORTS cannot deliver on contracts.

Yes, the exchange has NO RESPONSIBILITY to deliver the metal.  It will elect to if it has sufficient supply on hand that has been delivered BY SHORTS TO IT.  Otherwise, it has alternatives, including forcing longs to lease to shorts for redelivery, or mandatory cash settlement.

Jan 20, 2012 9:26 PM

evolution doesn't go that way.  People PREFER paper money.  You can't run it backwards.  eDollars are preferred to cash.  This is why so many people have ELECTED to trade with units of account rather than physical things.

Paper money and eMoney are not going away

Jan 20, 2012 9:32 PM

you make it rain with silver and you gonna hurt a bitch

Jan 20, 2012 9:40 PM

you actually needed to bury a paltry $5000 worth of metal?  LOL

Jan 20, 2012 9:41 PM

we'd be too busy laughing at you to spend any quality time together...it'd never work out

Jan 20, 2012 9:44 PM

I don't know why you morons can't figure out how to SOLVE problems without killing people.  That's all your little chimp brains can grasp, isn't it?  The solution is ALWAYS killing.

Jan 20, 2012 9:45 PM

Why do you change the subject every time you make a subsequent post onto yet ANOTHER topic that wasn't in dispute?

Oh yeah, it's because you're a moron. 

Jan 20, 2012 9:46 PM

huh???

I have NEVER complained about red arrows...I have laughed at them!  Just like I laugh at you!

You can lie all you want, cliff, but you can't lie your way to the truth.

Jan 20, 2012 9:55 PM

complete non-sequitur and utterly irrelevant.

This moon shit is something technocornucopian morons bring up EVERY TIME in response to a statement of the immutability of physics laws.

This is how I know you are not a real scientist.  No real scientist would say something so fucking stupid. 

Jan 21, 2010 12:09 PM

It's all in GLD's prospectus.

They have beneficial ownership of that many ounces.  But, their ownership is a paper claim on physical ostensibly somewhere else.  If GLD and the other ETFs *really* did have their own physical possession of THAT MUCH GOLD, seriously, a larger stash than most countries, we would know precisely where their warehouse was; it'd look like Fort Knox.

If that were the case, hell, probably get robbed or somethin

Jan 21, 2010 2:53 PM

Gitmo closed yet?

Troops home?

Nothin but horseshit comes out of Bama's mouth

Jan 21, 2010 3:39 PM

They will reconfirm on a Friday night like they do all the rest of this shit.

Listen, the Fed controls the currency.  They can takedown the dollar and cause a sovereign auction fail TOMORROW if they want.

The Fed was and IS the buying support for the Treasury; we cannot FUND without them.  If the Fed wants to make a show of force, it can.

Taking back control of the currency, as true patriots like Andrew Jackson did, is not going to occur without pain and a serious fight.

I mean, think about this rationally, the Fed controls the world reserve currency.  They could functionally destroy any nation infected with USD-debt for as long as the FRN has faith.

The origination of USDdebt in the past couple of years by various nations smacks of a quid pro quo for the swap lines the Fed extended their CBs to keep the local entities from FRN insolvency during 2008.  You come desperate to your dealer, you gotta buy more heroin.

Jan 21, 2011 1:28 AM

people are gonna mass junk good advice?

Jan 21, 2011 1:29 AM

they got any left?

Jan 21, 2011 1:53 PM

big, bitchez...

the euro has been on a stampede as well, and euro POG blowtorched...despite printing by Ireland.

The reality here is that china has tried to put on the brakes as far as printing/ponzilending/liquidity - just a little dab on the pedal.  And, suddenly without that crack, the whole thing threatens to seize up

Jan 21, 2011 10:01 PM

well no proposal can be floated that doesn't preserve the holy sanctity of the military budget and all the wars

Default on all this shit debt hurts the elites, who have stockpiled all the senior claim tickets

The rich stay rich by being in bonds that have always paid out, rather than equities which are akin to gambling.  When you have a massive net worth, even 4 or 5% YoY is an enormous gain

Jan 21, 2011 12:32 AM

they'll try to shitcan the pensions and any munis not owned by the plutocracy or banks.

Bad news for my dad who actually paid into his pension for 35 years and didn't play overtime games with his "final 3" salary.  I told him to take the lump sum payout, but what parent ever listens?

Jan 21, 2011 2:14 PM

strange speech, the notion of a backed currency.

The situation now seems to be either they liquidify at an increasing pace, causing the inflationary nova they don't want or else the system seizes up and IBOR spreads go apeshit overnight causing the deflationary implosion they don't want.

The credit base cannot sustain itself; there is no growth to support the interest component

Jan 21, 2011 2:30 PM

yeah; they intend to make China eat the deflation.

It's like the teaser loan of all this liquidity, now you get the balloon payment at the end

Jan 21, 2011 2:57 PM

Immelt must have been lookin in the mirror when he talked of arrogance and entitlement.

It's only the PROLES who are "entitled" when they ask for $20/hr for a job that some chink will do for $1/hr until he drops dead or highdives into the parking lot.

The executive class DESERVES their compensation.

Jan 21, 2011 3:00 PM

executives see only this quarter's bonus.

Time and time again, we see them make decisions which lead to corporate BKs and in the aftermath, people ask questions like you just did.

stop assuming that they have some master brilliance or that they have any foresight whatsoever.  Look at them as if they care only about maximizing their immediate return and the analysis becomes a lot simpler

Jan 21, 2011 3:05 PM

is it POSSIBLE for Obama to be even MORE transparent in his awarding of gov't positions for his favored contributors?

Jan 21, 2011 4:01 PM

well, you kinda got this problem that the US peaked in 1970 and within a couple of years, everything was falling apart for us; we were in straight-up hyperinflation, abandoning gold peg, nearly having to go to war in the ME, our industries collapsing, etc.

And the USSR peaked in 1989 and then within a year or 2, the nation completely ceased to exist.

Jan 21, 2011 4:06 PM

and why is that?

Jan 21, 2011 4:28 PM

brilliant!  I suppose they get their gold from all the secret mines throughout history or else because they looted El Dorado, right?

Jan 21, 2011 4:52 PM

how would customs know you have gold with you?

i went to panama en route to points south and they didn't ask any questions...when in S. America, having a few krugerrands just in case is IMO good policy.

TSA is your bigger risk

Jan 21, 2012 1:03 AM

what's the problem, you don't want to help them?  what's wrong with you?  You totally lack compassion and empathy.

Jan 21, 2012 1:04 AM

are you married to this ass clown so that you feel the need to defend him all the time?  that's IT, isn't it?  That would explain a lot of the homo shit you say.

Which one of you is the bitch?

Jan 21, 2012 1:06 AM

you didn't notice the other items in the parentheses, did you?

moron.  Like shooting really stupid fish in a barrel.

Jan 21, 2012 1:13 AM

export land model means the death of the petrodollar.  This is the sign you should look for.

Jan 21, 2012 1:23 AM

I see your point and that's a valid argument.  IQ is just a starting point.  We don't have a system where retards are stratified...they get to vote here.

I'm not looking to stand up alpha island, but I do believe that Huxley was off-target on that, given the tendency of higher IQ societies like Scandinavia to be in far better shape.  Smart people are qualitatively different than the dumb, and this is something that seems to have escaped Aldous.

I wanted a PAIR TRADE, not a long futures position...wasn't I clear?

Jan 21, 2012 1:30 AM

bingo...maybe i could have synthetic'd it with some puts or a vertical credit spread or something.  Will have to investigate NAV premium ranges for a good entry, but the pair trade is a guaranteed winner

Jan 21, 2012 1:36 AM

then you graduated to legos?

Jan 21, 2012 1:40 AM

wait a second...he's going to fucking risk $300M of his CLIENTS' money to prove a point, just to make a knownothing tool on ZH look smart for once in his life?

The dude is in the making money business, not the "CRASH COMEX" business.

It's a ludicrous and stupid strategy and one that would cost him hundreds of millions for a jihad that only internet lemmings think is important.

You "certainly" didn't have the name recognition?  Wow...no fuckin way man!  You don't say?

Or the money or the brains.

Jan 21, 2012 10:06 PM

...which is why its production is like 7% of gold's?  Historically, the amount of platinum mined is 1/27 of gold.  There is only ONE significant source on the planet, in RSA, and a secondary smaller source in Russia.  Everything after that is effin negligible.

Reserves don't matter, production matters.

Jan 21, 2012 10:07 PM

Palladium is about as rare as platinum...both are produced at a fraction of the rate of gold

Jan 21, 2012 10:11 PM

yes...a quirk of relativity is why gold is gold.  The other metals are pretty indistinguishable.  Gold gets a premium.

Iridium and osmium are also pretty rare; rhenium and rhodium.

Jan 21, 2012 10:13 PM

of course, that will NEVER happen with industrial usages of silver, right?

Jan 21, 2012 10:37 PM

they have no brakes...they only have MORE GAS

Jan 21, 2012 10:37 PM

TSHTF, what do you do?

Go to the grocery store and while people clean out all the milk and food, you stock up on painkillers, first aid shit, TP, matches, and lighters.  Clean out the liquor.  Shit like that.

The argentines said to buy a bag of gold rings, linked chains, shit like that.  Speakin of which, I need to hit the pawn shop lol

Jan 21, 2012 12:03 AM

you shameless, dissembling WEASEL.

You are REALLY going to claim that the gold standard had people trading fucking silver and NOT using paper until 1971?

We've been using the FRN or US Note (and greenbacks and many other banknotes) since the INCEPTION OF THE COUNTRY, you stinking MORON.

The fucking colonies used PAPER SCRIP.

JFC, you are the biggest moron I've ever encountered.

Jan 21, 2012 12:05 AM

you'll get an even worse rate for silver elsewhere, shitbrain

Jan 21, 2012 12:07 AM

your incessant homoerotic fantasies could form a psych study on their own.

Jan 21, 2012 12:41 AM

well thank god I'm not hitler depending upon morons like to oppose me.  Because you're too dull to manage the average chimp.

You are aware that birthrate of the fertile could be raised, right? 

No, don't suppose you are...just too dumb.  Children to support them...LOL.  Sure, human population can grow forever. 

Jan 21, 2012 12:51 AM

HUH?  I responded to someone posting TO ME about red arrows, you idiot.

I have never ONCE complained of being junked or down arrowed...ever.  Why?  Because I DON'T give a fuck!  None of you people mean anything to me.  I laugh at you, cliff.

Jan 21, 2012 12:54 AM

i don't hate anyone...you do

Jan 21, 2012 3:56 PM

the human race's growth is a "demographic nightmare" you freakin idiot.

Either WE CHOOSE or nature WILL.  PERIOD.

there's no way around that, jackoff.

Jan 21, 2012 3:58 PM

everyone...robots can pick up the trash.

Huxley's model didn't account for the qualitative difference between the smart and the dumb and how unnecessary a lot of what people DID back then now is.

Smart societies are peaceful and harmonious. Diversity and the dumb and violent kill all that.

Jan 21, 2012 3:59 PM

did you ever see "Gorillas in the Mist"?

Jan 21, 2012 4:02 PM

yeah, um, I tend not to believe things that AREN'T TRUE.

People are not all the same, IDIOT.

For example, when faced with a thought problem, you just drool and glaze over.  An intelligent person solves it.

People do not respond to the same circumstances with the same reaction.  For example, there are child studies showing far more frequent choice of 1 lollipop today versus 3 tomorrow from black children versus white children.   Just ONE little example.

This is why economics, and you, are a failure.  Your reaction to the truth is to run and hide and babble and bullshit.

Jan 21, 2012 4:06 PM

I never at any point said what you attribute to me.

when faced with ANYTHING truthful or a counterargument, ALL YOU EVER DO is lie.

None of the points you make NOW were the points you made THEN.  You change the subject at EVERY subsequent post.

Total strawman, total logical fallacy.  One after another.  You are simply too illogical and stupid to be able, it seems, to compose a consistent argument and stick with it.  Wanna know why this is?  Because you say really STUPID shit and when someone points that out, you change the subject to a strawman and act as if that's what you were talking about the whole time!  Then when THAT gets blown out of the water, you do it AGAIN.

The solution, CLIFF, is to STOP saying stupid shit!

Jan 21, 2012 4:36 PM

animals with genetic limitations require genetic enhancement.

Nobody dies.

Jan 21, 2012 4:37 PM

you didn't read the prospectus, DID YOU?

Stop talking shit, stop babbling, stop weaseling and then GO AND DO IT.

Jan 21, 2012 4:38 PM

Golly, Cliff, I just went out and my FRNs still buy me shit, backed or not!

Idiot.

Jan 21, 2012 4:39 PM

You're the rube in any transaction

Jan 21, 2012 4:52 PM

goooooo GINGRICH!

Lol...like it's gonna fuckin matter anyway

Jan 21, 2012 4:54 PM

stuff your dumbass veganism.

Humans were originally scavengers for animal protein.  Even chimps eat meat; lots of it.

Jan 21, 2012 7:09 PM

god lord you are an idiot.

10x gold?  HAHAHAHAHAHAHAHAHAHA.  now that's "conservative"?

so what's it gonna be, cliff..50x gold?  100?

Jan 21, 2012 7:13 PM

You're a moron and should be fired as you're too stupid not to pose a grave risk to all those around you.

Every prediction you've made has fallen flat on its face, yet.you.keep.making.them.

A stuck fucking clock is right more than you are.

Now you claim that silver is oscillating between the "paper price" and the "physical price"  Physical price in what?  PAPER of course.  Idiot.

10x gold because...well, it's 15x as abundant and produced in 7x the volume, has mostly industrial uses...fuck, yeah the facts suggest such a prediction is just utterly absurd.

Production would have to fall first, significantly.  Then, no substitution.  At even 1/10 of gold, a TON of the industrial uses of silver get CRUSHED.  And they don't happen.

This is why the oil price just stays high, instead of continuing to rise.  But, you're not intelligent enough to understand things like this.  You need me to tell them to you.

Jan 21, 2012 7:26 PM

real supply is also declining

Jan 21, 2012 7:27 PM

why is it that morons like you resort to petitio principii?

Jan 21, 2012 7:35 PM

ROTFL...you stupid idiot.  A biofilm is NOT in ANY way analogous to a human city.

Humans in cities consume the MOST resources per capita!  In fact, that is what WEALTH IS.

Literally EVERYTHING you say is factually wrong and stupid!

Jan 21, 2012 7:39 PM

childhood disease is preventable.  So are bad genes.

What happened to you can be prevented.  Nobody need be that stupid.

Jan 21, 2012 7:45 PM

At NO POINT in this country's history was paper not traded.

In fact, for the ENTIRE HISTORY of the global british empire, they had paper.  The BOE has been issuing banknotes CONTINUOUSLY since 1694.  And in the US, paper money has been in primary use since BEFORE INDEPENDENCE.  The Sterling Bill was the world reserve currency, a PAPER NOTE (ostensibly backed by gold).

Do you EVEN BOTHER to do a SINGLE OUNCE of research before opening your fucking mouth???

How many goddamned times is it going to take of your getting BLOWED UP AGAIN before you figure it out, dipshit?

Jan 21, 2012 7:47 PM

dude.  Don't flatter yourself.  What you guys are doing isn't "discussion."  You shamefully try to quash any dissent.  You want this to be your little club.  And if that doesn't happen, you become a BITCH and try to get people banned.  It ain't gonna happen, got it?

Nothing honest about you.

Jan 21, 2012 8:28 PM

she's a hag...

now we have 3 primaries, 3 winners...but RP ain't one of them

Jan 21, 2012 8:36 PM

I can conclude from this thread that most ZHers watch a lot of free pron

Jan 22, 2010 3:42 PM

ok, here's what the "banks" like GS are gonna do.

They will spin off their TLGP-affected portions containing all their liabilities and then BK those institutions, taking *advantage* of the G in TLGP.

GS spins its BHC into one company and all its profitable activities into another.  Say bye bye Treasury

Jan 22, 2012 1:29 PM

did you SAY "a person in an apartment"????

NO, you claimed that development of CITIES leads to LOWER resource consumption when the EXACT OPPOSITE is true!  Civilization and "progress" lead to MORE energy consumption per capita.

The cost to heat the fucking living space is ONE little piece of energy consumption, IDIOT.

But, AGAIN, when your stupid statements get blown out of the water, you just change the subject and say something even MORE stupid.

Jan 22, 2012 1:38 PM

do you or do you not GET, retard, that since the age of goldsmiths issuing warehouse receipts THAT TRADED AS MONEY, that paper has been a primary means of trade?

What the fuck do checks have to do with legal tender laws?  Answer: NOTHING.  This is irrelevant.  It's a STRAWMAN.  So is this crap about "hot checks" when the ISSUE was paper money versus the trade of ACTUAL metals (which is idiotic).

Checks ARE negotiable and CAN be traded as money.  In fact, this is what USED to happen very frequently.  Banknotes are another example of that.  Paper money has been around CONTINUOUSLY since 1694, and in reality most of the time for 700 years prior just in Europe alone.

Good lord, you are so fucking ignorant.  How many MORE times is it going to take before you shut the fuck up?

Jan 22, 2012 10:41 PM

hey, lesser central banks have lost 100% of their currencies' value...the Fed is only at like 96, 97...which is a total win for a banker

Jan 22, 2012 10:42 PM

this baby is a fucking mutant demon spawn from hell.  Throw it the fuck out now before it kills everybody.

Jan 22, 2012 5:51 PM

I dunno; I can't agree with Tyler that the CDS market is "valuable"...it doesn't appear to add any value to anything.  It's just another bullshit paper market to trade pinhead angels.

Jan 22, 2012 5:52 PM

CDSs only trigger when the public sector is the counterparty.

We went to the moon without CDSs.  They don't add any value to society.

Jan 22, 2012 7:39 PM

CDSs were used for a lot more than that.  If that's ALL CDSs were, I could see it.

CDSs were used to create synthetic debt instruments and to enable the entire CDO market structure.  They hurt more than they helped.  Fuck shorting a firm's debt; I don't care. It doesn't yield any of us anything in benefits that some big fish can short SHLD or Greece bonds.

We hear all the time how these positions increase "liquidity" and improve market function...show the evidence.  Seems like total bullshit to me at all levels.

Jan 22, 2012 7:42 PM

paper what over?  Paper insolvency?  None of this crap is even real

Jan 22, 2012 7:45 PM

the entire race hustling machine depends on this

Jan 23, 2010 2:04 PM

If you need to test coins, your best bet is to buy an ultrasonic thickness gauge.

The speed of sound through different metals is different, if you tell the gauge to read for gold and the item is tungsten, you will receive a dramatically different thickness...the difference will be obvious.

Jan 23, 2010 2:40 PM

This is all well and good were it the case that most economic "investment" recently in China was economical.  A stronger RMB means that empty factories and cities recently built are a BK.

China's stimulus program was intended to build more export capacity.

Jan 23, 2011 8:48 PM

an apartheid state is a "democracy" now?

Jan 23, 2011 8:51 PM

I'm not sure why they said that either.

I will bet that the information as it's disclosed will paint them as anything but having been reasonable.

Jan 23, 2012 11:13 AM

because of just how barbarous it is...was necessary to save freedom

Jan 23, 2012 11:21 AM

direct payments include Mediscare, SS...they are a function of demographic shifts, not anything sinister.

Jan 23, 2012 11:43 AM

...and these sons of bitches just LOVE the profits this type of slave labor generates.  I mean, face facts, these are androids, not humans.  Well, they try to be humans but the factory treats them as robots.  When one breaks down, they are replaced without concern or care or sympathy.  China is likely right now researching some chemical or mechanical means by which the higher human faculties can be removed from a person so as to make them devoid of any independent thought or emotion.  A cyborg like that would be a phenomenal piece of factory equipment.

Saint Jobs wouldn't have been as big a billionaire if his profit margins were limited by having to pay more to have his iShit constructed.

Jan 23, 2012 11:48 AM

and AGAIN, you keep babbling and arguing about something NOBODY even mentioned, implied, or suggested!

Did he SAY "eternal depression and savagery"?!?!?  NO.

So why the fuck are you bringing it up as a point to argue against?

The CURRENT MODEL relies on growth in energy inputs.  That is the only model.  There is no way to PRODUCE anything without energy.

Jan 23, 2012 11:49 AM

some problems with #2 and #3 that make all the rest of it moot

Jan 23, 2012 11:50 AM

bbbbut....bbbbut....IONIC LIQUIDS!!!!!!111

Jan 23, 2012 11:56 AM

our culture is ghettofied..it's no accident.

research certain attributes of people who are dominant in porn production, hollywood studios and media, banking, the slave trade, vice trades, and then do the same thing for "civil rights" and other racial "watchdog" organizations.  You'll notice some things which are readily apparent and just highly coincidental I guess.

Jan 23, 2012 11:58 AM

I third the 762N recommendation.  Turns cover into concealment.  I like .45 too but the capacity of the modern nines along with the apparent ballistics performance of the latest JHPs is pretty compelling.  Same is true in .40

Jan 23, 2012 12:02 PM

this is idiocy...SS and Medicare are private property??? WTF?

They are IN NO WAY analogous to a pension that you "pay into."  There is no savings for SS, no trust fund, no fund of any kind.

SS and Medicare are gov't entitlements, no more and no less.

Jan 23, 2012 12:04 PM

so at least you admit this place is an echo chamber?

Jan 23, 2012 12:08 PM

you come in shades of ghey

Anyway, wtf was a zillionaire like Rand doing flying public?  Couldn't he find a corporation with a jet to whore himself to?

Jan 23, 2012 12:11 PM

all the countries that are "less free" don't have this BS and you can keep your shoes on during the security line.

Jan 23, 2012 12:17 PM

you're only saying this because TSA breaks its back to hire black people at 5x their rate in the population.  You're asking yourself that, given blacks have a ridiculously high crime rate, and that about half of black men are either in jail, on probation, or parole, and black levels of education average "abysmal" along with factors normally highly prejudicial to receipt of security clearance like bad FICOs and stuff, just how in the fuck TSA was able to find all of these squeaky clean blacks to serve as nearly 100% of the security personnel at major city airports.

It's almost as if they use racist hiring policies like affirmative action and are LOOKING THE OTHER WAY at people with disqualifying factors, due to their preference for that person's race.

Jan 23, 2012 12:21 PM

maybe the weapon was going to take him over and cause him to do violence

Jan 23, 2012 2:10 PM

HAHAHAHAHAHA...nothing you say in your first paragraph is true.

Black people COMMIT at 10x the rate of whites.  THAT is why they get arrested more frequently.  The notion that whites get let free is utter and complete bullshit...are you aware that blacks are more frequently caught by TRAFFIC CAMERAS as well?  That their FICO scores (FICO does NOT know your race) are on average considerably lower than whites'?  FICO is based upon how often you PAY YOUR BILLS.

Race of perpetrator is driven by EYEWITNESSES, including the victim!  You actually seem to suggest that even BLACK victims are lying and covering for white people.  Nevermind that white neighborhoods, white schools, etc., don't seem to have recurrent gunfire, burnt out houses, and blight everywhere, while blacks' do.  There isn't a piece of evidence out there which tends to corroborate an assertion that white people are let go by the system.  EVERY available piece of evidence suggests that they OFFEND LESS. 

Wallstreet...mostly jews.  Not whites.

If you want to debate, let's debate.  On this topic.  You will lose quite miserably but maybe that will be good for you?  I see your messages sometimes, but after a topic goes off the main page, I rarely see it.  Give me an email if you want to talk privately.

If we believed the thing in the last paragraph, we should be trying to fix it.  Not pretending it doesn't exist.

Jan 23, 2012 2:13 PM

How many lives have been destroyed by the theft of the financial system?

Point them out.

Violent crime is and always has been qualitatively different from theft or fraud.  Ban usury.

Jan 23, 2012 2:37 PM

you are correct.

Abortion is unethical due to the doctrine of detrimental reliance.

In effect, a reasonably foreseeable outcome of sex is pregnancy.  This creates a life in being who is dependent upon you.  In reliance doctrine, you are estopped from taking measures detrimental to those who reasonably "rely" on your actions or words, even if they have no explicitly contracted right to this reliance.

Pregnancy due to unforseeable circumstances would be abortable.  Abortion would only be permissible AFTER the fetus acquires viability, e.g., after it is no longer reliant.  However, the mother would be liable in tort for any damages the fetus accrued as a result of this action.

This notion of "human" and all the rest of the moral issue...these all become irrelevant as the principles I have outlined are logically consistent without resort to appeal to undefinable subjectives.

Jan 23, 2012 2:39 PM

religion is irrelevant.  His statement was axiomatic.

Jan 23, 2012 2:41 PM

a zygote with human DNA is human.  This is by DEFINITION; you cannot DISPUTE it.

Jan 23, 2012 2:45 PM

look, the doctrine of negligence already covers these aspects of liability far better than ZH laypeople can.  Read a tort treatise on this and detrimental reliance.

If you injure someone ACCIDENTALLY but as a reasonably foreseeable consequence of your actions, you are liable to them in tort for whatever damages they suffer as a result.  And the state will (and should) make you a "SLAVE" to do so.

Jan 23, 2012 2:47 PM

"No human being is beholden to another. Period. "

You stupid fuck, cliff...in ALL KINDS of cases are humans LIABLE to other humans.  STFU already.

The siamese twin analogy was baseless.

Jan 23, 2012 2:52 PM

you really aren't any good at this arguing thing and should really just stop.

You're just a tour de force of logical fallacies

Jan 23, 2012 3:02 PM

siamese twins are inanalogous because one twin isn't in the situation he's in AS A RESULT OF REASONABLY FORESEEABLE CONSEQUENCES OF THE CONDUCT of the other!

There IS no right to bodily integrity.  If you promise me a kidney and I reasonably rely on that, you OWE ME a fucking kidney or the damages consequent to breach of the implied contract.

Jan 23, 2012 3:03 PM

this is utter nonsense.

The baby is in the position of dependence BECAUSE OF THE MOTHER.

The mother is ESTOPPED.

All of you laypeople just please STFU.

Jan 23, 2012 3:10 PM

no, people do not have inalienable right to own their own body.  Ceteris paribus, perhaps, but that is not the case here.

If they SELL their body, sign a contract, then fail to deliver, they don't own it.  Specific performance.  As a matter of public policy we can declare such contracts void ab initio, but the fetus has its OWN life and its OWN interests. 

You need to stop stating your brain farts as axioms.  EVICTION of the fetus should be permitted at the point of viability, but subject to liability for damages as a result.

People ROUTINELY are estopped from acting in manners detrimental to those who have relied on them.  Reliance is a WELL-established point of common law, as are all these other artifacts of tort.

I would FORCE nobody to be sterilie.  I would offer them money to do it.

Jan 23, 2012 3:11 PM

Ever just blown through a stopsign just for the thrill of it?

You're LIABLE for the damages you cause.  Not liable to the dead, but the living INCLUDING in tort for causing the death of the unborn!

Jan 23, 2012 3:25 PM

the fetus RELIES on the mother.  This is a LEGAL term.  Stop babbling and just go educate yourself.

At the point the fetus need no longer RELY on the mother, aka "viability," EVICTION of the fetus should be permissible, subject to damages as a consequence of this measure!

YES, Trav just said ABORTION is illegal, but EVICTION of the fetus when it can survive on its own IS permissible!

This is a matter of basic logic and ethics, reflected in hellatiously well-established common law doctrine.

The mother DOES own her own body, but she is ESTOPPED from harming lives-in-being that are RELIANT on her as a reasonably foreseeable consequence of her action (yes, this is slightly redundant as reliance requires reasonability).

All of this morality crap, the "liberal conservative" bs...it's all irrelevant. 

Jan 23, 2012 3:30 PM

this type of statement is an abomination.

The State enforces "slavery" for ALL KINDS OF ACTS.  Murder someone, see how free you are.

Your entire line of reasoning is specious and sophistic.

People do not always control their own bodies.  If I promise to hold you up, and then I walk off and let you fall, I AM LIABLE.  This means that I DID NOT exercise plenary control of my own body after you RELIED on me!  I am ESTOPPED from taking certain actions that are harmful to you.

People OWE others a duty of care in certain circumstances.  Rock climbers...can they simply walk off and let the fucker on the rope die?  NO.  They are LIABLE.  They cannot act however they want, including but not limited to being bound TO THAT SPOT until the guy they are belaying is safe!

This is how reliance works!  If I am on the rope pursuant to our agreement and you let me fall, YOU are liable.  You even have liability to people you do not even know!  This notion of duty of care supersedes (with an S, not C, cretins) your "right" or whatever you think you have to do what you want with your own body!

Jan 23, 2012 3:34 PM

talking to me?  YES, fetal EVICTION should be permissible at viability, subject to liability in tort for damages consequent thereto.

Once detrimental reliance is extinguished, the mother again controls her own body.

But to those who say you own your body...don't start CPR on someone.  Don't hold anyone's baby or anything of value.  Because you will NOT be entitled to simply let go of it and watch it drop.  Ooops, my body, I can do with it as I see fit.

WRONG.  You are STILL LIABLE for the DAMAGES you inflict on others.

Jan 23, 2012 3:37 PM

is this the title of your autobiography, Cliff?

You are the KING of strawmen.

Jan 23, 2012 3:58 PM

dude, didn't you hear?  CLIFF just TOLD YOU it was the airports, ok?  All your pesky facts showing otherwise are hereby dismissed!

911 was preventable by locking cockpits like El Al has for 30 years.

Jan 23, 2012 4:01 PM

Flak, are you stoned?  WTF is the problem with boxcutters?

Just don't open the effing cockpit door.

Jan 23, 2012 4:14 PM

TSA lol

http://www.huffingtonpost.com/christopher-elliott/is-this-what-the-tsa-mean_b_1223003.html?ref=travel&ncid=webmail2

Jan 23, 2012 4:25 PM

I can already conclude that you are not.

If you WERE, you would recognize reliance as a term of art.  Contracts are routinely IMPLIED.

Yes, I am an attorney.

Now, STFU.

Jan 23, 2012 4:33 PM

huh? 

I'm not sure that was ever in dispute.  The fetus has different DNA and is a severable organism.  How do we know this?  Because severance happens all the time; it's called birth.

To those who think they have plenary rights over their own body, try this.  Tell someone you will hold the ladder while they climb on it.  Then just control your body and walk away.  Person falls.  You get sued.  You lose.  The person relies on you.  Shit like this happens all the time, where promises are made, a person puts themself into an adverse position and the other person renegs.  There's an entire doctrine of implied contract about this and it is 1st year contract law (and 1L torts)

Duty of Care.  There are these terms of art and very useful things to discover with a legal education about how things work, tracing the arc from ancient philosophy to modern blackletter law.

Jan 23, 2012 4:37 PM

nah, not even close...I had a post 50-junked off in the old days in like under 5 minutes.

I can't remember who holds the 100-junk threshold record, probably JohnnyBravo IIRC, he hit that in maybe 10 minutes-ish

Jan 23, 2012 5:32 PM

yeah...when they strip you of your citizenship...who the fuck owns you then?

Jan 23, 2012 7:50 PM

platinum been jumpin....gooooooo convergence

Jan 23, 2012 9:39 PM

the guy is OBVIOUSLY a racist

Jan 24, 2010 7:08 PM

the problem is that the politicians care about ONE and only one thing.  That is getting reelected.  These guys are all incrowd now and the incrowd's singular goal is to stay in and also to get rich, shamelessly so.

They know NOTHING about economics.

The Fed offers them advice and assures them...what petrifies Bama?  That he'll go down in history as a Hoover, one of the worst Presidents in history.  That he'll be a one-term failure of a President.

They have NO CLUE what is wrong, what happened - after all, ALL the economists said that the economy was freakin GREAT for a decade.  We had .com wealth, housing wealth, it was full speed ahead, everyone was getting rich and everyone was happy.

The politicians just want that back.  They will go with anyone who says "I can save you, I have the answer."  That is where the Fed and the Geithners come in.  They are saying just do what Raygun did.  Everyone wants to have Raygun's economy or Clitton's economy, the boom times.  They don't care or even grasp how this was built on a 30-year illusion of a pyramid of debt.  That's an eye glazer for a politician, who is by definition a know-nothing narcissist.  Politicians are like news anchors, they're fking idiots who appear smooth reading lines on TV.

To hear "it's over, we're done, this the end of the empire, we have to cut the government and go through the pain" is UNACCPETABLE.  Anyone who's worked in a govt or big corporation knows that "negativity" like this is IMMEDIATELY rejected and the person who advances reality is pushed out.

The people right now have the Glenn Beck thorn in their asses, but they don't really WANT reality either. They want their share of the bailout.  If the money starts going to the ordinary citizen, they are ALL aboard with inflation.

Let's see the people endure the pain of paying back all these guarantees that the TBTFs loaded onto us during these bailouts.  Let's see it.  We're weak as a nation and we have no stomach for REAL austerity.  Look out across the 50 states if you don't believe me - they can't cut ANYTHING.

Bernanke's current predicament is political theatre.  Are they really going to jack rates and immediately bk our gov't?  Nevermind the prices of ANYTHING that depended upon a flow of cheap money.  You will see foreclosures double and triple, a full-on deflationary crash as a result of the interest cost of money suckin the cash out of the economy.  It would be over within a month.

Bama's worst fear is to be in the history books as the last President of the US, the President who had the crash on his watch, as the ultimate failure.  He really thought he could smile a lot, spout BS, and let the economics wizards handle it.  Neither he nor the rest have ANY grasp of what's going on.

In fact, when Paulson and BB said give us this or this is the end, they were RIGHT.  We were facing deflationary collapse, staring it right in the face, systemic bank runs, runs even on sovereigns that morning of the 18th.  The entire system was coming apart.

The ONLY ANSWER as I had said repeatedly on TF was for the CBs to forgive the ultimate debts, iow, to print money.  That is ALL that can relieve the service costs of the paper accounting known as debt.  It won't save the economy but it will balance the ledger.  Insofar as anyone pays attention to "debt" and real people seize real assets and liquidate them in order to pay these fictions known as "debt" and "interest," the system has inherent implosiveness.

The economy doesn't run on money and more money won't save it.  All the more money can do is prevent liquidations, especially of the Federal Gov't.

Jan 24, 2011 3:21 PM

be real nice if it were true, but it most probably isn't.

And even if it were, then what happens with nickel?  We turn it all into copper?  Back to square one

Jan 24, 2011 3:30 PM

Look; there is no entity or collection thereof powerful enough to suppress such a scientific breakthrough.

JPM does not control the world; neither does Exxon.  Anyone could produce a perpetual motion device if one were invented and someone outside the reach of the mighty JPM/Exxon axis of evil, and with State backing, would do so.

WTF, would we be nuking Cuba because Castro decided to mass produce these?  Russia?  Brazil?  Any one of us who is not US-centric could rattle off a couple dozen nations we have no real power over.  Even what power we do have, the military and the dollar, rely on energy for their virility.  Nations immune to the petrodollar racket can do as they please and nuclear weapons are no longer hard to come by.

Seriously, if such a device were real, anyone who produced it would CRUSH those who tried to remain on oil alone.  The great wars of the 20th Century were won by those with the energy reserves; the poorer nations of Germany and Japan simply could not compete in terms of power output - that is why they lost.  It is no accident that the world #1 and #2 oil producers became the superpowers of the oil age, a condition which persisted until their production peaked.

It's as ordinary as the nations who had the gold being the richest in the goldmoney era.  Whoever mastered cold fusion would be the dominant power going forward; nothing whatsoever could stop such a thing.  If you had coldfusion, you could very publicly tell JPM and the United States to go fuck themselves.

Jan 24, 2011 3:36 PM

If this invention were legitimate, the COMEX and all of JPM's supposed positions are instantly irrelevant.

In fact, the power of the USA in terms of petrodollars would be irrelevant and immediately repudiated.  The long futures contracts JPM possessed would be reneged upon as real materials suppliers told them to go get fucked and aligned themselves with the new coldfusion superpowers.

If you had coldfusion, you could stand up your own reserve currency; energy IS political power.  Major nickel reserves holders and producers would align with you and use the technology in concert.

Who would not want to be out from under the thumb of the US's petrodollar oil cartel?

Jan 24, 2011 3:38 PM

the sheeple latch onto anything that gives them hope that no serious pain or change will be necessary.  Both coldfusion and economics science provide that cornucopian need

Jan 24, 2011 3:44 PM

no, they didn't.

Bullets had been breaking the sound barrier for decades

Jan 24, 2011 3:45 PM

yes, it is such an example.  So is that giant nuclear fireball in the sky we call Mr. Sun.

Energy is not measured in kilotons.

Jan 24, 2011 3:47 PM

superconductors?  The Egyptians?

Dude, I dunno what the egyptians had, but I do know what you have, and that's a metric assload of crack that you've been smoking.

Jan 24, 2011 3:55 PM

unfortunately, due to the Downing Effect, those who would latch onto these coldfusion discoveries cannot discern the credibility of those who authoritatively dismiss them.

Ordinary people have no understanding of SR or GR beyond E=mc2.  Really, if "they" would just figure out how to directly convert mass to energy, we would have all our energy problems solved and could promptly begin warp driving all over the fuckin galaxy

Jan 24, 2011 4:33 PM

rumor has it that DoChenRolling ball bearings were used...lol

I guess the terrists hate Russia for being in Iraq or something

Jan 24, 2011 4:39 PM

my very own troll...I've arrived!

dance for me cupcake

Jan 24, 2011 4:51 PM

sigh...listen, douche, a RAT could understand einstein's famous equation.

However, neither it nor you can apparently understand much else.  You simply do not grasp the cold, unflinching reality of the mathematics of growth. 

We're going to fucking mine the core of the earth now?  jfc...

Or better yet, we will simply convert ALL of the coin nickel mass into energy and run the world for a few decades.  I've got a suggestion for ya, man...how about shut up?  You're foolish

Jan 24, 2011 6:21 PM

Can someone remove him from the earth?  Run for mayor of Mars

Jan 24, 2011 6:31 PM

The world didn't end...so they ran off I guess.

but who cares anyhow?

Nobody can be expected to read this entire post.

Jan 24, 2011 9:28 PM

gold, oil, silver, all blowtorched...no recognition of the inflation there

Jan 24, 2011 9:40 PM

gold, silver, oil, miners all blowtorched again.

the basic dividend stocks seem to be the refuge right now and PGMs

Jan 24, 2012 2:24 PM

nah, Newt is gonna tell u honestly that he wants to kill everyone.

Newt is rising because he is the only person in the GOP race who can coherently speak

Jan 24, 2012 2:27 PM

It's ON now, bitchez

Fitch should downgrade Italy to junk.

That is the truth, afterall...

Jan 24, 2012 5:54 PM

yes...this is totally stupid.  Gold is a barbarous relic.  You can't eat it.

Why bother protecting it at all when you can digitally create eGold in an account somewhere and move it with a few mouse clicks?  Hell, you can just dial up a few trillion $ at the push of a button.

Jan 24, 2012 5:56 PM

42?

Jan 24, 2012 9:38 AM

yeah, trade embargoes are not acts of war, eh?

Jan 24, 2012 9:39 AM

what a fkin joke

Jan 24, 2012 9:42 AM

jobs program...carry the oil in buckets.

Rail is comparatively efficient but it's not anywhere near that of a pipeline.  Fucking carrying oil around, lol.  The sand thing is rail's sweet spot

Jan 25, 2010 11:08 AM

The system cannot be saved.

Simple as that.  Regulation WILL NOT SAVE IT.

You cannot REGULATE AWAY mathematics.

We have an exponential growth system which requires that credit continue to grow.  Taking us back to where PEOPLE are the sole originators of credit is going to collapse credit outstanding and deflatively destroy the entire money supply.

There is TOO MUCH DEBT out there and every last dollar of it REQUIRES interest service!  That means that there must at some point be MORE debt elsewhere that finds its way into the hands of the payors in order to pay the interest service.

A monetary-system-as-debt IS a forced exponential growth animal.  There's no way around this; I can demonstrate it in a minute as it is simple mathematics.

Credit growth took off on its own when they figured out how to originate without using PEOPLE, iow, CDOs, MBSs, CDSs, and all the other synthetic instruments.  Erecting "regulations" to stop this will collapse credit creation back to 40 years ago.  Doing this would cause the EXISTING debts' interest service costs to consume the entire money supply.

All of this because of ACCOUNTING ENTRIES!  We have let the fuckin bankers BECOME the barbarous relic strangling our society!

If you review the anti-gold standard commentary more than 100 years ago, you see the same issues...an inability to find specie to service monetary needs imposed by DEBT.

Jan 25, 2010 11:09 AM

Enough with the tinfoil conspiracy Potent Directors BS.  These guys aren't that smart

Jan 25, 2010 12:47 PM

Perhaps the market rally reflected the expectation that a huge rate cut and cheap money regime would cause economic growth again as it always had in the past...?

The mercilessly unrelenting nature of the bad numbers coming out may be close to achieving a collective point of recognition that earnings aren't going to grow into the current price levels

Jan 25, 2010 4:52 PM

that and all the black people on TV are always so deep, real, and capable...I too, am perplexed by this thing called reality

Jan 25, 2011 10:01 AM

our demographic challenges aren't coming from aged people, they come from the 25% of the nation that is of 3rd world stock.  Seriously, this segment alone commits 85-90% of the crime, drags down the average education level, forces the expenditure of ridiculous funds on schools, policing, health care, etc.

As for comparisons to China...China has 1.2 BILLION people.  They have too many people and they've smartly polluted their entire national watershed.  You want to talk toxin exposure, comparing to CHINA???

China is an example of what happens when you care about nothing other than growth.  China is Easter Island in the modern age.

Jan 25, 2011 10:05 AM

that became the effective reality after the USSR ruble collapsed.

Not sure how many transactions were actually conducted in metal, simply because there were DMs and dollars still around that inspired confidence

Jan 25, 2011 10:08 AM

Is there anything in Illinois which is NOT completely fucked up??

Jan 25, 2011 2:18 PM

China is Fraud, Inc.  Wall Street should move there; they'd be right at home

Jan 25, 2011 2:30 PM

this isn't America anymore, not the one we thought we lived in.

I mean look at the TV programming, MTV especially.  This nation has been culturally ghettofied.

I mean look at our President for fuck's sake.  The nation elected an empty suit to the highest office over what, this fetish for diversity?  The nation is mindfucked and it will have to burn.  There's no way around that.

CHS is the one in denial.  He thinks we can roll up our sleeves and stop the avalanche.  We cannot.  If you really want to find acceptance, you have to give yourself to the hands of fate like a person on a liferaft in the middle of an ocean storm.  You have to accept that things can and probably will get far worse and there is nothing whatsoever you can do about it.  It is out of your control.

The desire to impose control over the uncontrollable is what is denial.

Jan 25, 2011 3:08 PM

lock up the gold, bitchez

do we have any kinda reason for this riot?

Jan 25, 2011 3:13 PM

I would wait for a substantive ruling before getting totally hysterical

Jan 25, 2011 3:17 PM

cmon...everyone knows that if such a BC existed, it would have been disclosed by now.

but nobody wants to touch this one due to the consequences; until/unless someone of import like Abercrombie himself steps up and issues a statement, it goes nowhere.  The "friend's" claim is hearsay.

If Bama's true citizenship is known somewhere to be other than US, then they have essentially remote control over the man.  NeO has been very clearly playing a role throughout his administration; the fuckin thing is on autopilot.  The appointments to key positions show no imagination whatsoever.  He's clearly enjoying riding around in AF1 and the trappings of office...it's been pretty obvious from the outset.

Jan 25, 2011 3:28 PM

not sure I'd go that far, but it would be interesting to see if Israel could resist the urge to meddle were such an eventuality to transpire.

Egypt is, however, the "moderate" regional ally with sufficient gravitas...and we have no ready replacement for them should they fall.  Certainly there is the potential here for a cold war redux of 67-73 and Egypt's collapse if it occurs would certainly embolden the rest of the region to try to reprise.

Unrest is brewing out there the likes of which haven't been seen in quite awhile.

Jan 25, 2011 3:52 PM

you're making hedonic adjustments in your lifestyle.

This is precisely how the Fed and BLS claim we don't have inflation.  You are opting by choice not to eat out, therefore, they can claim that your food costs have decreased.  The reason you are choosing to do what you do is because costs have become unacceptable, which is classic price inflation.

Price inflation CAUSES hedonic adjustment behavior; so it is inherently specious to claim that there is no price inflation on account of it.

Everyone can't shop at flash sales; the retailers will go out of business.  But if people cannot afford the regular prices, then the outcome is the same.

I articulated this repeatedly over on TF years ago; the apparent fall in prices due to a falloff in spending will not and cannot last forever.  Once excess inventories are worked through in liquidation, there will be no more supply at that price point.  If retailers this Xmas stocked to a certain level of inventory and were unable to move it at profitable price points, they will stock less next year and so forth until they find a supply/demand equilibrium permitting them to stay in business.

One need only visit a place like Brazil to see this.  Prices there are astoundingly higher than would be suggested by the simplistic analysis that the US-centric wonks use to justify a precious FRN viewpoint.  Certainly, retailers there could sell far more units at lower prices, but those prices would be negatively profitable.

At some point, tags must reflect profitable price points; it's as simple as that.  If that means far less volume, then that is the way it will be.

You aren't acting as if your FRN is going to hold value; in fact, you are actually getting LESS for each recurring allotment of FRNs known as your paycheck.  And everyone else down the line is too.

If you tried to go and spend on whatever you wanted, you'd quickly run out of FRNs.

Jan 25, 2011 4:13 PM

if they've actually left Cairo, this must be far worse than is being reported or else there is an antagonistic military element involved

Jan 25, 2011 4:23 PM

Don't be so hard on the Bernank.

All of these nations who are dollar-pegged were taking advantage of the relentless growth of Z1 dollar credit over the decades by growing their own economies on the back of US debt.

they were all too happy to open factories and sell commodities and have money flowing and growth in wealth for themselves and all their cronies and even some for the common man.

This is the downside; credit isn't growing anymore, so the Bernank is having to print the growth.  It's as simple as that.

Sure, let nations like China come unpegged and watch economic activity collapse.  The system survives on increasing borrowing, always increasing.  If you can't read that headline saying we need $100T increase in debt/credit to continue economic growth as we've known it and know what that MEANS in a deep sense, then you need to sit back and listen a bit.

The Bernank is doing what the private sector can no longer do.

Jan 25, 2011 4:33 PM

lack of demand for FOOD?

I mean, you're contradicting yourself here man.

Food shortages and riots aren't suggestive of monetary deflation

Jan 25, 2011 4:49 PM

another 911 commission...mistakes were made blablabla nobody could have foreseen blablabla...another "bipartisan" self-absolution

Jan 25, 2011 5:12 PM

wondering how you can be in the denial stage when someone is like, you know, dead.  Can't bargain with that either

Jan 25, 2011 5:25 PM

these tests are great.

And there's certainly little trends that emerge from these revolving around certain demographics that tend to have poor socioeconomic standing.  It turns out that there are correlations between impulse control and criminality, low IQ, etc.  Most of the data won't see the light of day because it reveals "hate facts" that certain people don't like.

They have done the same studies with one lollipop today or 3 tomorrow.  There is a pretty profound demographic breakdown between those who can control impulse and use the abstract concept of the future and those who cannot.

There is a nurture component in this, but also a very strong nature component that is not amenable to teaching out.  However, stupid IS as stupid DOES; culture is reflective of people, not the converse.

Jan 25, 2011 5:30 PM

lol...i was breastfed. haha

But the inability to accept cold reality is what denial is.  Sometimes, you simply cannot control things.  I'm not one to talk, I get pissed off over traffic jams.  I don't like lack of control.

But those who continually say we can "fix" this with some sleeve rolling are fools.  They are the ones in denial.  Sometimes forests just get so diseased that they have to burn.  It's hard to look at history and think that this will develop any differently.

Jan 25, 2011 5:32 PM

this shit is everywhere unfortunately, and people are too stupid to step up and say what is right.

You cannot blame the thug class for wanting their offspring to have better genes, but you can sure as shit fault those who let the opposite happen on account of it

Jan 25, 2011 7:18 PM

was my initial impression as well, but there sure seems to be no "flight to quality"

The TLT has been far worse than POG or oil.  If they end QE, there will be no bid on anything

Jan 25, 2011 7:26 PM

anecdotally, the only real dealer in the DC area was asking known customers to sell him their silver at above spot during the price crash of 2008.  He was scrounging through inventory to find much of anything, both on the gold and the silver side.  One customer came in having prepaid on some 1oz bars and he had to refund or give the guy kangaroos instead; too many orders and not much supply.  Digging into shoeboxes for a few halves and quarters here and there, whispering to the repeat buyers that he'd pay spot+$1.25 for Ag ozs and heard him on the phone trying to call other dealers to find inventory to sell.

Perhaps there were problems upstream but it would seem that wholesalers supplying the dealers would have hedged against price movements.  If a retail guy was really willing to pay over spot (what he is supposed to be able to get it for at wholesale), then it's not likely there was inventory hiding in the back that he didn't want to sell for a loss.

Jan 25, 2011 7:32 PM

yes.  the cash will be used for its proper and rightful purpose, like all corporate profits - to pay executive bonuses.

The IBs borrowed massively against the FDIC's guarantees and used that to fund...bonuses.  TARP was used for...bonuses.  All corporate bailouts are being used for...bonuses.

The system revolves not around anything other than a few people at the top, a class of people, trying to find the best way to put as much money into their own pockets as possible.  Who gives a fuck about the "society"?  They can just jump on the corporate jet and fly somewhere there aren't riots.  They have enough swiss accounts, FRNs, euros, gold, whatever they need in order to live in perpetual wealth.  That's the goal.  They are fortifying their OWN balance sheets just as everyone around here seems to be trying to.

They just have significantly more ability to do so than you or I.  I mean the tunisian leadership can flee with some of the CB's gold stash...how about you or I?

Jan 25, 2011 7:42 PM

if this occurs, there is wider war.  The US would be forced to occupy KSA in order to preserve the petrodollar and the aggregate flow of crude.  There's simply no way around this.  In all likelihood, an invasion of Iran would ensue, Lebanon...Israel would have to mobilize into Jordan and probably would whack Syria just for spite.

Russia sits on its own oil; they would be rightly disconcerted and remember the times in which Egypt was a client State, but this is not that time. 

Egypt has been the useful tool for peace treaties and Israel recognition since the 70s.  Have been a sketchy gov't for some time...have not had quite the iron hand the House of Saud has and nowhere near the weaponry

Jan 25, 2011 9:38 AM

predatory trading is how the big houses maintain their short positions

Jan 25, 2012 11:34 PM

PaTH doesn't suck and Chilltown/JC is on the upswing, baby. 

Jan 25, 2012 11:35 PM

No, you wouldn't.

Jan 25, 2012 11:37 PM

this would be a lot easier to parse if you knew how to spell

Jan 25, 2012 4:10 PM

and gold is promptly apeshit

There is no demand for credit even at 0%.  This should tell everyone something, but apparently economists can't get it.

Jan 25, 2012 4:16 PM

there IS no other option.

Organic credit growth is in reverse.  The Fed will either print the coupon or else the monetary system will collapse...within hours.  Without the CBs STILL guaranteeing coverage on all accounts, commerical paper - they ARE the interbank market now - there would be no money.

All the cash in existence is subject to loans.  Loans mathematically WANT to be paid back.  Every bank, everybody in debt, everything would vaporize very quickly if the Fed does not fill in the gap between interest owed and new credit created.

Jan 25, 2012 4:19 PM

Iran IS developing the capability to have an atomic weapon (not thermonuclear, that is different).

However, they are a long way from it and can't get there easily without a reactor.  Uranium enrichment is the slow way to achieve this capability and it isn't easy.

Jan 25, 2012 4:22 PM

the sanctions were working well to kill children.

All to eliminate a WMD program...which...didn't...exist.

NO EVIDENCE was found after the invasion to suggest Iraq had ANY WMD PROGRAM of ANY kind!

WTF did we find, ONE centrifuge that had been buried for 20 fucking years?  Some gas masks?

Jan 25, 2012 4:25 PM

if you understand WHY ZIRP happens and how the Fed *does not* SET interest rates (they follow), then you understand why ZIRP never ends.

There is NO DEMAND FOR CREDIT.  This is because the forces of CONTRACTION are up on us, not expansion.  Everyone is facing no choice but to decrease borrowing.

Jan 25, 2012 4:28 PM

that doesn't intersect well with any system that requires unabated growth, like the Fed/BOE/BOJ/etc. creditmoney systems.

Japan's credit creation hit the wall 20 years ago.  Only through carry trades and ZIRP/prints have they managed to stave off the UTTER COLLAPSE of the thing.  But, because it's only paper, they can do so forever.  Just print.  The system won't collapse.

Shit gets more and more expensive, lifestyles go down in the aggregate, but the monetary system remains.

Jan 25, 2012 4:31 PM

don't tell the silverbugz about industrial demand.

And that pair trade I put on awhile ago.  Has so far been profitable but not wildly so.

Jan 25, 2012 4:40 PM

he's a fucking self-interested douche upon whom it is dawning that he won't be able to risklessly collect RENT forever.  The Fed will buy his assets out from under him and dilute his coupon.

Gross is a "bond king" facing an interest climate where ZIRP is the highest rate you can charge to borrow money.

After the "riskless" bonds all go to 0% under the Fed's umbrella, look for this to drive yields down across the spectrum.  Long dividend payers with good cashflows.

You can't get 5% these days easily.  The roys and mlps are the only ones on that "stock screener" these days.

Jan 25, 2012 5:06 PM

until silver peaks, it will be subject to the slings and arrows of industrial demand's fickle nature.

That said, the good side effect of all this real inflation is that people are going to be eating less.

That will do more to "solve healthcare costs" than anything these moron congressidiots can.

Jan 25, 2012 5:28 PM

ah, the days when I scored 100 ASEs for $652

Jan 25, 2012 5:30 PM

you can say what you will about those of us who draw your ire, but we draw eyeballs.

You people (lemmings) would totally KILL this website if left to your own devices.

Jan 25, 2012 5:32 PM

there's nothing PLANNED DUDE.  Figure that out.  NOBODY IS IN CHARGE.

There are no potent directors; it's why that is the name of a fallacy!

Make as much as you can and get off the train.  Who knows what the future holds but it isn't going to be better than today.  You're warned.

Jan 25, 2012 5:34 PM

ROTFL

Jan 25, 2012 5:36 PM

oil is caught between monetary inflation, increasing scarcity, and contraction-led aggregate demand collapse.

Look at the gasoline usage figures for the USA or other major western economies.  THAT is GDP that is going bye bye forever.

Buy producers today.  They will 10-bag for you assuming that the .govs don't expropriate them.  Eventually, even if they have shitty reserves compared to someone else, the market will work its way around to extracting them.

Jan 25, 2012 5:39 PM

yeah, um, silver is at 33...gold didn't utterly collapse like silver did, losing countless bagholder victims of shameless pumpers their life's savings

Jan 25, 2012 8:51 PM

I think I said ZIRP was forever

Silver is caught in the same price trap oil is

Jan 25, 2012 8:57 PM

Douchinger isn't in the top 1%.

Forumfuhrer came from suckerforum.info where there are a lot of refugees from the TF cult.

Douchinger is actually a paper pusher who made money on the .com bubble.  He wants paper markets forever so he can try to extract rent.

Jan 25, 2012 8:59 PM

Figure I would respond at the top of this chain...

Um, people at the top asked for me by name; was I supposed to disappoint?  JFC, you people are never happy

Jan 25, 2012 9:01 PM

look, both you and akock's lives orbit around ZH.  Mine doesn't.  I don't sit around thinking "oh I can't WAIT to hear from cliff and akock on ZH, where are they!?!?!?" like you two idiots do.

What about silver at 18?  Fuck, I bought at 6.52, dude, so GFY.

Jan 25, 2012 9:03 PM

Tyler, rename ZH to TravHedge because I am all these mfers talk about anymore

Jan 25, 2012 9:04 PM

I used to be trav777 then I forgot the password and just added a 7.

Imagine my bemusement when someone said that there was some sinister PURPOSE in the 7777.

Almost as much as my bemusement at your dumbass post.

Jan 25, 2012 9:06 PM

This place is turning into like a German BDSM porn flick.

You people just ASKED ME to piss on you.  "Trav, where are you?????  Please come abuse us"

Jan 25, 2012 9:09 PM

silver was, uh, kinda DOWN bigtime last year?  Perhaps you forgot it...that whole "60 by next week"?

We're at 33 now.  Gold is about 10% off its peak. 

Jan 25, 2012 9:11 PM

how the fuck is that a "wet dream" to be living like Zimbabwe??

If gold is 170k, oil will be $10k/bbl

Jan 25, 2012 9:12 PM

captcha fail here

Jan 25, 2012 9:15 PM

dude, I got banned from TF four fuckin times...what took you so long?

Everything that's wrong with TF, people HERE try to turn ZH into.

Jan 25, 2012 9:18 PM

Fish and Douche didn't listen.

I specifically told douche under my first TF handle that BB would print.  I think I got banned for that. 

Both of those guys were warned that their stupid FRN notes of a bankrupt state would not become priceless.

Jan 25, 2012 9:23 PM

I wonder when we'll know if TG resigned or it was Bama's idea.

Maybe TG and his gang wouldn't print ENOUGH.

We'll know more as more rats flee the ship.  Strange time to announce this, perhaps a reelection ploy to fall on a sword like that?

Jan 25, 2012 9:25 PM

GFDit you will ACCEPT these regulations and LIKE IT.

Black people will be made equals if they have to cut every single nonblack off at the knees.

Jan 25, 2012 9:34 PM

not o2, density altitude

Jan 25, 2012 9:36 PM

yet when I'm not around you fucking ASK FOR ME by name...you're like the jane in a bukkake

Jan 25, 2012 9:47 PM

that's UNITED STATES production, idiot...we're a minor player in both markets.

Production peaked for both in the US a LONG time ago.

Jan 25, 2012 9:50 PM

no, you are the delusional...paranoid too.

You need to look up normalcy bias because it doesn't gel with your usage of it

Jan 25, 2012 9:56 PM

hand a gold coin to a south american and their eyes light up.

Americans think paper rules, that's fine...everywhere isn't america.  U can get gold watches, gold pens, gold cufflinks, gold lots of stuff, for relatively near melt.

Jan 26, 2010 3:09 PM

There is a somewhat less sinister angle to the GS bailout.

AIG was, recall, an insurance company.  It has a variety of cash products and policies all over the world.  The BK code is written such that a CDS counterparty can move to seize collateral outside of the ability of a BK court to stay.

It may have been that GS was going to run and grab annuities, whole life policies, etc., and the only recourse was to pay them off.  In fact, AIG has significant business too in China and a worldwide cash grab of AIG's assets by its CDS counterparties would have been politically "intractable."

Jan 26, 2010 4:28 PM

Yes. That is absolutely what the Treasury could have done, but they should have done lots of things, none of which they did do.

GS has infested the Treasury with legions of people beholden to it and its interests.  That's the fundamental problem.  The freakin SecTreas at the time was their gd'd former CEO...how much more of a conflict of interest could be had?

AIGFP should have been sequestered under emergency power and GS brought to collapse.  Or the insurance regulators should have stepped in and shut AIG down and within their powers to have sequestered the insurance assets of the company or declared AIG to be in violation of something and resolved to isolate AIGFP from the rest of the company.

I and a lot of people like me KNEW GS was in up to its freaking eyeballs and we were short it...it was days from collapse like all the other IBs.

People should read through that Davis CDO and take a look and imagine how many hours went into generating that bullshit.  The freaking assets contained in that CDO didn't even NEED to be real!  There was a provision permitting freaking synthetic debt, which is effectively tranches of CDS payment streams.  IOW, debt and payments based upon nothing.

These mfers spent their time engineering mountains of bullshit and we act like they are God's gift to the world.  We don't need investment banking; it's a goddamned scam.

Shut them ALL down.  It's either going to end up being an Andrew Jackson or a Hitler that rids the nation of these crooks. The choice is ours in which direction this goes.

Jan 26, 2010 4:30 PM

AIG the parent was already posting cash collateral...where u suppose they got it from?

GS already had the money that AIG siphoned off its dependent businesses.  So, IOW, GS was holding all those Chinese whole-life policies.

What should have happened is that GS was nationalized and dismantled.

Jan 26, 2010 4:33 PM

This is the unvarnished truth. GS used its connections, including its previous CEO now SecTreas to make itself whole.

Plus they were sitting on a bunch of life insurance cash policies posted by AIG and playing Merchant of Venice.

GS was balls-deep like everyone else and days away from collapse

Jan 26, 2010 4:37 PM

Yeah because we really need these bankers and their fuckin debt peddling.

The end of the world because an accounting ledger says so...eff you wall street, eff you bankers.

Jan 26, 2011 1:49 AM

bla bla bla hope bla bla bla change bla bla bla terrorists

can we get rid of this clown already??

Jan 26, 2011 2:16 AM

concur; there's got to be someone out there worth shooting before yourself.

barring that, fuckin move out of the country or become a drug dealer

Jan 26, 2011 4:17 PM

well, Gold just caught a bid...where is RoboTrader with the pretty kitco charts for us?

Jan 26, 2011 8:03 PM

Standard Oil, bitchez

Jan 26, 2011 8:12 PM

this is insane...they're expecting revenues to jump by 40% in the span of 2 years?  Did we invent coldfusion or something?

Jan 26, 2012 1:41 PM

he sucked this year, wtf are you talkin about?

black fkin QBs lol...the great black hope

Jan 26, 2012 1:53 PM

Lol...dude, you do a doubletake precisely because of how rare it is.

Culture comes from within people.  Stupid is as stupid does.

Keep dreaming about how everyone is equal...it's total bullshit but it makes for a nice fairy tale.  Competencies are not evenly distributed within races or between them.

Genetics make it a foregone conclusion that some random lottery hit beautiful child CAN come from ugly ass parents.  A genius CAN come from two morons.  It's just not very *likely*.

It is much MORE likely that a smart set of parents will have smart kids.  Dumb cretinous parents will tend to have children like them.  Notice:  TEND.  It is not an absolute, just statistically high odds.

It is far more LIKELY to encounter an asian with an IQ over 100 than a black.  Blacks at 100 are 1 sigma to the right of mean, making them 84th percentile within their group (but only average in the larger population).  It's estimated that to do well in college, an IQ around say 115 is needed, maybe 120.  For a black that places them at the 97th percentile, but for a white, only 84th.  It's just going to be a LOT more frequent to encounter the latter than the former as a function of basic statistics.

You should not expect people with an average IQ of 85 to have a culture of learning, art, technology, civilization, classical music and all of that shit that is the province of the intelligent.  People with those types of attributes have lowbrow cultures, featuring lots of base urges and impulse gratification.  Given the high hereditability of IQ, you should not expect to see a lot of kids come out of that group who are materially different.  SURE, a few will be, but they will be exception cases, a few percent here and there.  Even the 97th percentile black is just an average college student when compared to far more common east asians and whites at that score.

Jan 26, 2012 10:00 AM

no, I've routinely said that I would sterilize people without regard to race.  Not a criteria I have EVER suggested.

As for that definition, every single clinical drug trial must be racist.

Continue on with your lying.

Jan 26, 2012 10:02 AM

"HEY LOOK OVER THERE!!!!" - akock

fuckin bitch.

Jan 26, 2012 10:04 AM

maybe that's all he had access to, you fuckin retard.

Yeah, YOU go ahead and take a shit on a guy ACTUALLY LIVING it, from your climate controlled couch.

You are a BITCH in every sense of the word.

Jan 26, 2012 10:10 AM

back when I lived up there, you did not dismount that bike.  We used to ride through warehouses out of a Detroit photoblog.

Chilltown is still fucked up but JC actually has been gentrified to an extent...like the Bronx.

It's amazing what happens when you remove one kind of people and put in another.  It's like civilization breaks out.

Jan 26, 2012 10:13 AM

except for the 2nd floor witch doctors, yeah, it actually is

Jan 26, 2012 10:15 AM

you've never been to newport, huh?

Jan 26, 2012 10:17 AM

you just don't like black people.

Jan 26, 2012 10:24 AM

Everyone gettin rich because the advertisers pay big.  The show is just a drama where they have actual construction equipment on set instead of props.  Parker got the mine because Discovery paid him to run it for another season.

Dakota really did lose his house tho...

Jan 26, 2012 11:48 AM

come to papa, bitchez

house prices' rise can only be supported by ponzi debt growth leading to rising incomes.  We don't have that in the USA

Jan 26, 2012 11:49 AM

prices can definitely stop falling and flatline for long periods of time.  Perhaps you should refer him to the decade BEFORE the housing bubble!

Rents certainly keep rising in apartment buildings.

Jan 26, 2012 11:53 AM

The Fed doesn't care if it gets paid back but the banks still do.

The securitization machine is dead, completely.  They have to be able to hold that loan to maturity.

Jan 26, 2012 11:55 AM

there are actually companies which are decently profitable in this climate and spit out dividends.  Even mutual funds loaded with them. 

PM and MO are still good stocks as are some of the large telecoms like VZ.  People in afghanistan smoke and use cellphones

Jan 26, 2012 11:58 AM

even black people didn't watch.  Not that they really tune into news anyway.

I mean, who even watches network TV anymore?  Cable shows like Pawn and Gold are beating big 4 network offerings both in timeslot and for the evening.  Network is so cliche and formula that it's getting killed.

If Gold Rush or Pawn Stars were on network, you know there would be one black person in each group.  And at least one chick.  One thing I marvel at besides the lack of diversity in banking or media is the lack of diversity in people actually working doing something.

Jan 26, 2012 12:00 PM

did that clown actually say that?

Jan 26, 2012 12:07 AM

you are officially the 2nd biggest idiot on ZH

Everything you just said is wrong.

Jan 26, 2012 12:09 AM

JFC, you are a fricking loser.

This guy tried real hard to be polite and you just can't help yourself from taking a verbal shit all over everything, can you?

What we use as money IS DEBT. 

Jan 26, 2012 12:09 PM

the black undertow will sweep those "opportunities" away as surely as the ocean wrecks castles of sand.

Buy properties like that hoping for future gentrification.  Those who did so in DC made out like kings.  Baltimore is a city with some geographical advantages but some serious demographic disadvantages.  One side there are cities like Pittsburgh, which weathered the storm of deindustrialization and "manufacturing job loss" that all the rust belt cities went through, but because they maintained a healthy majority of population that had innate capacity for civilization, PIT is now ranked near the top of most livable lists for years.  On the flipside are Detroilet, Columbus, Cleveland, etc.  Their population demographics took a darker turn and the outcome was inevitable as a result.

Detroit property is dead sunk cost.  Zero recovery.  Already there are scrap pirates who hit old plants and buildings and strip them.  Your wiring will disappear, along with all other salvageable material.  At the end of the day, you have title to a strip of land that may no longer be served by sewage, water, or even electricity (scrappers are stripping power lines too), and a liability for "taxes" based upon some corrupt city official's "assessment" (pays their fat salary).

Detroit is a study in demographics the same as Rhodesia was.  The city has banned street parking now because it cannot deal with the rampancy of car theft.  There are already areas that the cops have announced they cannot respond to calls to.  Large tracts of the city are reverting to nature.  The population simply lacks the capacity to sustain the civilization they inherited.  Politician after politician in Detroit goes to jail for corruption

Jan 26, 2012 12:12 AM

you must have absolutely no life whatsoever...

jeez it sucks to be you...sorry, man

Jan 26, 2012 12:16 PM

Chief who?  Thought that was Lone Wattie...in Josie Wales

Jan 26, 2012 12:17 AM

dude, what did I just tell you?  My life doesn't ORBIT around what is posted on ZH like yours does.

I realize I am the wellspring from which you flow and if I weren't here, you would have no reason to exist.

You created tons of bagholders by shamelessly pumping silver.  And you paint ME out to be the bad guy?  ME, who told people NOT to listen to you?

I told everyone to ignore your stupid ass and your little chihuahua akock as the two of you were reckless silver pumpers and that people would lose a lot of money and/or opportunity cost by listening to anything you said.  I said better prices were coming.  I said NO 60 by next week.

ANYONE who bet on ANY prediction that YOU made in the past year did WAY WORSE than silver.  They would have lost EVERYTHING.  I doubt you could pick a fucking sports event.  You'd probably "guarantee" SFO was going to win the superbowl after they already LOST last week.

You act as if because I don't respond to you sometimes that I must be disappearing?  LOL, don't flatter yourself, chimp.  I make a fool of you so frequently and you say stupid shit so often that it's a no-brainer to show up on ANY thread you'll be on if I want to do it again.  You are literally like a crackwhore and I have $20 in my pocket.  You're a sure thing.

Jan 26, 2012 12:19 AM

feel free to do volume 2

Jan 26, 2012 12:22 AM

hmm...last week for a quick turnaround.  Long term when production peaks.

That said, I think physical silver is a complete waste of time as it's too fuckin heavy.

Playing a trade on an industrial precious metal with vanishing stockpiles...platinum all the way.

Jan 26, 2012 12:25 AM

no, it was down for the year, you fuckin idiot.  as in START of the year and END of the year.  Idiot.

Maybe by "almost any" you meant something like completely different from the plain meaning, or perhaps you are just a shameless liar?  Because anytime after February would qualify as a point from where silver was down for the year.

Jan 26, 2012 12:27 AM

silver closed the year off more than 10%.

From MOST of the year, it was DOWN HUGE.  March-April, July-September...down HUGE.  The rest of the year, off quite a bit.

Sorry, shameless pumpers, your incessant lies will be called for what they are...LIES.

Jan 26, 2012 12:28 AM

this is why YTD cherrypicking is stupid.  You could pick half of 2011 and you're WAY DOWN.

You people and your constant ballyhooing over a paper price you say doesn't even matter.  LOL

Jan 26, 2012 12:30 AM

horseshit, you fuckin liar.  I have never used racial epithets like that.

You are red arrowed because you are a spineless loser and a prick.

Jan 26, 2012 12:31 AM

...says the guy who tried to lead a CAMPAIGN HERE to ban someone he doesn't like...twice?

The difference between Douchinger and you is he just has his own website.  You frickin hypocrite.

Jan 26, 2012 2:00 PM

the cream of the crop is split between B&W at QB??!

No.  The cream is white.

Who is crying for the hispanic and asian QBs?

There is no split...stop dreaming.  Blacks TEND to be faster.  The top 100 times in the 100m are all black.  Period.  Higher proportion of fast twitch muscles.  Plyometric leap force curves can spot a black person and a white person by the shape of the impulse.

YES, there are exceptional whites like Welker and Jordy and others who can achieve at this level.  They are just RARE, like blacks who can compete with asians in math.  Whites tend to swim and throw better.  There are real physiological differences between the races that lead to these discrepancies in average abilities and the distribution of exceptional ones.

Jan 26, 2012 2:01 PM

a lot of these properties have decent value as meth house farms.

Jan 26, 2012 2:18 PM

I saw so much diversity in that vignette...how could the company have failed with all that strength?

This really is Grifter Nation anymore...

Jan 26, 2012 2:19 PM

PC isn't western.  PC is a meme pushed by marxists and media and racial agitation groups...the primary actors in these just so happen to not be "western"

Jan 26, 2012 2:27 PM

japan's sustenance was paid for by growth elsewhere that has stopped.

Jan 26, 2012 2:35 PM

there are powerful groups who believe in maintaining their own clan identity and who daily practice ethnic nepotism (aka discriminatory racism) but who found and fund organizations to effectively do this, encourage the dilution of others' bloodlines, promoting reproduction with low quality DNA.

You can tick down through significant positions in media, "civil rights," Congress, banking...they all push for this.

If you think I'm BSing, review what Treasury Secretary Bob Rubin said regarding his initial meeting with the new Defense Secretary Cohen.  They had never met before.  You might also review the curious intersections between marxism and global communism movements and organizations like the NAACP. 

Jan 26, 2012 3:01 PM

there are measurable differences in the average speed of thought between these two races.  Also, whites tend to throw better due to skeletal geometry and upper body muscle proportion.

I am just CELEBRATING the diversity by pointing these things out.  If we're all the same, and race is just a "social construct," then there is no diversity.

Jan 26, 2012 3:04 PM

who runs the media and who founded, funded, and ran the race advocacy groups like SPLC and NAACP?  They hold the same opinions on things.

Who invented the WORD "racism"?  Like I said, there are some connections here that you have to willfully ignore not to see.

Jan 26, 2012 3:07 PM

I thought we have always been at war with Eastasia?

Jan 26, 2012 3:12 PM

pussy-ass millennials can't fight LOL...they've been effiminated by over a decade of war on masculinity just in schools alone.

Jan 26, 2012 3:13 PM

why are you asking people here?

You should do a cashflow analysis and expected outcome determination and make the decision on that.  Throw in some subjective concerns like "want" to have my own home, etc.

Jan 26, 2012 3:22 PM

now that you mention it, the almost all-white nations are doing pretty much better than anyone else...their biggest threat seems to be from misguided policies to import africans.  Surely, Sweden's prosperity was built on slavery, right?

The white states in the US do well, the white cities, even fucking PITTSBURGH, industrial central, are doing great.  Meanwhile, black cities, even if they are the capital, are in a constant fight to avoid having to be taken over due to incessant corruption and decay.  And they have astronomical crime rates that EVERYONE flees.

White schools still graduate high percentages of students and don't need metal detectors and razor wire.

Detroit 100 years ago was 90% white..it was the Paris of the West.  Just LOOK at the architectural marvels there.  Now, it is 90% black.  And it is destroyed.  Cabrini Green was a modern marvel when it was constructed as well.

Jan 26, 2012 3:26 PM

not just them but the entire immigration policy of importing democrat voters to the dole...it just recycles more money into particular hands.

NOTHING is better for wealth stratification than socialism conducted by people who are dishonest parasites.

Jan 26, 2012 3:32 PM

the way people look at it is effed up.  A home is an "investment"...metals are just something you buy and spend money on.

Took this chick to a coin store and some guy bought a halves bag.  The girl talked derisively about "how much he spent" as if this was like buying jeans or something.  I peeked at his invoice...was like $4400 back then IIRC.  Yeah, I had to dump that bitch.

Jan 26, 2012 3:34 PM

Tyler should run a dividend payer look.  The SP as a whole is not a good buy.  If you can generate some alpha, you'll have kept up with gold.

For example, a reliable payer like KMP has done very well.

Jan 26, 2012 3:40 PM

bbbbut....bbbbut...DECOUPLING!!  Paper going to zero "imminently"!!!!1

Jan 26, 2012 3:45 PM

dude is talkin to himself

Jan 26, 2012 3:48 PM

no he's not.  And he and Fischer are one and the same.

Jan 26, 2012 3:49 PM

that socialism WORKS in all-white states in the NE.

It only DOESN'T work when you bring 50% of the population in as mexicans.

there's a reason africa is africa and mexico is mexico and canada is canada.  It's the fuckin PEOPLE.

You cannot extend a social contract to people who don't uphold their end of it.

Jan 26, 2012 3:50 PM

FTMWF...i actually LOL'd at that

Jan 26, 2012 5:25 PM

it's all just imaginary money.  Print it...won't make a difference in the end

Jan 26, 2012 8:10 PM

gold bonds are stupid and will make no difference.  Cantarell didn't care what standard we had and neither does any other oil well

Jan 26, 2012 9:40 AM

right now, it is.

You seem to struggle with the definition of IS like Clitton did.  Typical for weasels and liars.

Jan 26, 2012 9:41 AM

everything you said is still wrong.  Insult and blather and pound the table all you want.

Jan 26, 2012 9:44 AM

yes, your point that ALL the people who bought at $30 made next to no money is taken.

GENIUS, akock, PURE GENIUS.

You seem to think I would have been shitting on you silver pumpers at $20 or 10?  Hell no, bitch, I would have said to buy.

The DIFFERENCE is that I wouldn't have cheerled people into a slaughterhouse like the two of you idiots from $40 onward into an OBVIOUS price bubble.

Jan 26, 2012 9:52 AM

let's see...20 oz of gold or 1000oz of silver?  Hmm....which would I rather lug around?

Yeah I forgot, all silverbugz have cranes and other construction equipment.  And all of them bought at $6.52 like I did.

NONE of you guys bought at 25, then 30, then 35, then 40, then 45, then 50, and have an AVERAGE cost basis that is underwater.  NONE.  Because silverbugz are GENIUSES like Wile E. Coyote!

I have other investments that did better than silver even at MY original cost basis and did so over far shorter a period of time than 10 years.  You retards act like gold was a good investment for a THIRTY YEAR timeframe because it eventually exceeded its price back then.

By being a diligent investor/speculator instead of a lemming chasing irrational bubbles based upon the words of idiots and the thoughts of morons, if I chose to, I could buy FAR MORE SILVER now than during most of the past 13 months.

You know, by IGNORING the chicken little bullshit of "IMMINENT" Comex default and all the other canards that you shameless pumpers throw out there.

Jan 26, 2012 9:55 AM

no, we can take MOST OF THE FUCKING YEAR as a starting point, you fucking IDIOT.

We are NOT going to cherrypick a date where the price happened to be lower so a MORON like you can say "SEE??? Silver ALWAYS GOES UP"

Silver has been DEAD MONEY for most of the past year.  CERTAINLY selling in April and walking away was the smart trade.  Which is why silverbugz said to do the opposite.

They said to "back the truck up" and "buy with both fists"

Jan 26, 2012 9:57 AM

Cogent?  ROTFL.  It is petitio principii with heaping doses of strawman.

It's also a shameless and transparent attempt to DIVERT the line of discussion away from the fact that I AGAIN have blown your lies out of the water.

Jan 27, 2010 1:13 PM

Lol...I was calling him Obamavanilli since like Jan last year.

Also the Bankermanchurian Candidate.

I wish I could come up with a good combination that sums him up...lemme throw this one out there.

He's Teddy Ruxpin.  But, O'Ruxpin just wasn't cutting it.  I put out Teddy Ruxpin on this guy 6 or 7 months ago and I think that's who he is.

Jan 27, 2010 1:21 PM

I have been accusing the Fed of taking less than real par on window transactions for a year and a half.  Good to finally have some proof.

Just reasoned that there was NO EFFING WAY that the banks had enough good collateral.

I mean how fkin much is a mezzanine tranche of a CDO built off of a synthetic debt pool worth?  How about 0?  Anybody who knows anything about CDSs and CDOs knows that the instruments are in many cases built specifically to go to 0 in the event of sufficiently significant impairments; I mean it's all there in the Davis prospectus just as an FYI.

If you loaded a synthetic CDO with CDS payment streams off of LEH CDSs - and you could do this, just sell tons of protection on LEH or else acquire from existing counterparties - then when LEH went BK, all tranches of that CDO go to 0 immediately.  Supersenior, mezz, everything.

These bastards even took the D, X and E tranches of existing CDOs and then securitized THEM, creating A1 tranches composed ENTIRELY of mezz and equity tranches of other CDOs.  And they got AAA ratings for these supersenior tranches built out of a pool of freaking equity tranches.

In the event of any widespread impairment, these instruments very rapidly go to ZERO.  Yet they were rated AAA and swapped to Fed and USTaxpayer for par

Jan 27, 2010 1:24 PM

JFC, they are really starting to lock the exits.

Devaluation coming?

Next rule:  SEC can suspend withdrawl from your checking or savings account.

Jan 27, 2010 2:37 PM

This flat isn't true.

Bimetallism was killed by the Bank of England, which had the Sterling Bill, a means by which they could flood paper gold into markets and then withdraw it.

A pure gold standard is not materially different from fiat.  The BOE offered a different silver/gold ratio than the latin union in order to suck all the gold into Britain so that they could begin fractional gold using the Sterling Bill.

This was the lynchpin of the entire British Empire.  It was a fractional reserve scam from its outset.  A bimetallism standard *cannot* be faked with unbacked bills

Jan 27, 2010 2:38 PM

France probably wants to see an end to asian currency ponzi manipulation which is destroying entire industries all across the developed world.

Trade flows must be forced to normalize

Jan 27, 2010 2:46 PM

There's really no need for any of this.

The solution is to stop creating money made of debt; that is the fundamental problem, not the fiat nature.

If a nation were to overprint, their currency would go to crap and this would be reflected in FX and general price levels.

Let the market determine the true value of currencies...having an asset backed currency can leave a nation exposed to speculative attack unless everyone is asset backed.

I would prefer Real Bills Doctrine where bills against real things of any kind trade against each other.  This would allow grain exporters with little gold to have a strong currency effectively backed by grain.  This could be true for any production, even intellectual property.

The market will sort out how much grain an oz of gold buys or how many barrels of oil equal a chunk of platinum or a TEU filled with lead-painted plastic toys

Jan 27, 2010 4:04 PM

Goldman Sachs would fuck off and die

People who can't figure out what to do with Wall Street...well, you just do the same thing you do with ticks and leeches.

In the Real Bills Doctrine universe, bankers would be useful as holders of capital who could then discount bills against future production.  But this isn't a glorious inflation racket and their bills would compete against others' bills in the marketplace.

A banker known for kiting would see his bills reduced to worthless.  Bankers' purpose under RBD is to issue the bills themselves, against production to be delivered to market within 90 days.

Adam Smith was a very bright man, who came up with this doctrine in response to contemporary concerns with metallism and fiat.  His response was that all real things should trade as "money."  This is not a debt-based monetary system, nor was it a metals standard.

Jan 27, 2010 4:27 PM

You're gonna knock France with OUR fiscal picture???

Jan 27, 2010 4:31 PM

This is laughable...SDRs will never work as the IMF is a fiction.

Nobody will respect a paper fiat like SDR after a universal bankruptcy.

The Ruble was still legal tender in the USSR or what remained after their collapse.  But you can't legislate value

Jan 27, 2010 5:18 PM

If they don't FF&C CRE they're going to have an even larger bank implosion wave coming in the next year.  I cannot see a decreasing liquidity environment as feasible if they want to prevent full-on banking collapse

Jan 27, 2011 1:07 AM

Obama is a product of the diversity culture which celebrated him for the color of his skin rather than the content of his character or any intrinsic merit.  He's LITERALLY had a legion of powerful asskissers since day one.  The guy knows fuckall about anything.

Nothing he's EVER "accomplished" has been real.  He is the ultimate pop-up President, a cardboard cutout.  But because everyone has drooled and applauded his every bowel movement, he actually believes himself to be significant.

Busch was a product of the same type of upbringing but at least he hated himself enough to know that he was really intrinsically worthless.

Jan 27, 2011 1:09 AM

have a bad feeling that the Birth Cert issue is going to rear its ugly head at some point...

Jan 27, 2011 1:10 AM

uh...reducing revenue is not the same as increasing spending

Jan 27, 2011 1:16 AM

bla bla bla hope blablabla change blablabla terrists blablabla america blablabla sputnik

LOLWTF

Jan 27, 2011 12:19 AM

total bullshit.

Review some studies on who performs well worldwide on standardized tests.  Finland is near the top and they don't crush their kids like the asians.

The US's "education problems" are as a result of Obama's demographic.  Blacks.  Period.  But he won't say that as he is part of the race hustling diversity delusion.  We must continue to throw money down a rathole so we can avoid uttering "hate facts" which contradict the fairy tale of multiculturalism

Recent study from Harvard prof demonstrating that diversity makes communities worse off in nearly every metric.  Diversity is a failure; the entire narrative is horseshit.

Jan 27, 2011 2:08 AM

agree; took the 2 + a gf to a theatre and including parking it rang up something like $75.  For a shitty flick that was totally unexceptional

Jan 27, 2011 5:27 PM

gold is takin a decisive beatdown today dayum

Jan 27, 2011 9:02 PM

gold blowtorched again tho

Jan 27, 2012 1:00 AM

you stupid fucks LOVED the paper games when silver was rising.

Had no problem with people levering to the moon...shamelessly pumped and cheerled the whole fuckin way.

Jan 27, 2012 1:04 AM

It is impossible to suppress a superior alternative.

Jan 27, 2012 1:10 AM

thing is...silverbugz ARE actually hoarders who are hoping to get rich off of a scarcity play on a primarily industrial metal.

What a bunch of rabble.  People with class buy gold.  Silver is for peasants.

There's NOTHING WHATSOEVER patriotic, noble, altruistic, or even decent about silverbugz.  Every last one has announced NOT his intent to "preserve wealth," but to try to strike it rich off of a price spke.  The King of the Retards, mosely-claven, has said silver will go to 10x that of gold.

WTF...people cheering FOR a bubble...while at the SAME TIME bitching over margin hikes to prevent such a thing.

Silverbugz are NO DIFFERENT from housing ponzi speculators or .com ponzi speculators or debt bubble ponzi speculators.  They're just trying to hit a homerun of unearned wealth off of a DIFFERENT bubble.

Jan 27, 2012 1:13 AM

no; gold is not useless.  People desire it.  Bitches give up the pussy for it.

It's frickin GOLD, ok?  It is special because of its color along with that density...doesn't really need any utility to be desired. 

that said, gold does have some uses but it is very expensive compared to substitutes.

I dunno how the fuck the US would pay back silver bonds...do we have any fkin silver?  Is the US gonna go MINE it? 

Jan 27, 2012 1:16 AM

lol....u got 8 downvotes for speaking the truth?  Maybe it was the Mitt Romney thing, bc that's just fkin stupid

Jan 27, 2012 1:20 AM

I may just have to move there

Jan 27, 2012 1:22 AM

Who cares what some goddamned economist like Roach says?

None of this shit MATTERS.  OIL MATTERS.

The banker idiots keep insisting the problem is somehow that the numbers on these ledgers are altering physical reality.  WTF does it matter what the USG's national debt is or the Fed's balance sheet?  It could be eleventy kabillion...makes no fucking difference at all.

Jan 27, 2012 10:00 PM

Nobody said gold was $5 an oz

Jan 27, 2012 10:21 AM

WTF did I JUST SAY, dipshit?

I don't have to google anyone to know that superior alternatives CANNOT be suppressed.

Fiat money IS superior to alternatives.   You really need to wrap your head around how evolution works, dude, and get that head out of your ass.

Jan 27, 2012 10:26 AM

chinks and dotties don't hoard silver. Even they have more class than you.

You are speculators trying to strike it rich in a bubble.  Period.

STFU already acting like you're the saviors of the fucking financial system when you are speculative parasites like any other.

Jan 27, 2012 10:35 AM

he's already lost, what difference would it make now?

Jan 27, 2012 11:51 AM

the financial system trafficks in lies

Jan 27, 2012 11:52 AM

been hearing that "the crash" is coming for years now...this IS the crash.  We're living it.

In the future, the kids will read about it and think that it took 10 minutes because that's the time it took to get through the paragraph on it.

Jan 27, 2012 11:58 PM

Bitch should have downgraded them all to FFF

Jan 27, 2012 4:43 PM

at least something is moving around on our antiquated rail system

Jan 27, 2012 4:44 PM

Ruhr Valley part deux

Jan 27, 2012 4:45 PM

jews destroyed their nation before WW2...why wouldn't they be?

Jan 27, 2012 4:50 PM

Stark didn't sink. Idiot

Jan 27, 2012 4:52 PM

uh...Iranians really aren't that brown

Jan 27, 2012 4:54 PM

A lot less.

White oppression in the form of modern medicine, refrigeration, agriculture, electric power, etc., has caused the numbers of brown people to swell at apeshit rates.

Jan 27, 2012 4:56 PM

nothing.  They can't do anything.

Russia's sole play is to cut off Europe's gas.  They have no military card to play...we're too powerful in that regard.

China?  fuck them.  Any given week half their workforce is threatening to jump.  They can yell a lot, but what's the downside, they are going to steal some IP from us?  They'll unpeg from our dollar?  ZOMG...they have no cards to play whatsoever.

Jan 27, 2012 4:59 PM

concur 100%

Jan 27, 2012 7:47 PM

5 guys has a decent burger, wtf u talkin bout?

Jan 27, 2012 9:54 PM

uh, what fuckin real polls has he won?  None.

Jan 28, 2010 10:15 PM

It's very fortunate for us as putative revolutionaries that the military is very heavily armed, with LORADs, pain beams, armor, and most fortuitously, 7 years (?) now of on-the-job experience in counterinsurgency.

Look, they learnt how to deal with a real revolution in Iraq.  The only way to hit them now is via suicide bombs.

They have drones too, FLIRs, you name it.  Good luck with that armed uprising thing.  Perhaps "Bonus Army" will ring some bells

Jan 28, 2010 5:12 PM

When the March Rally began to unfold I said the following on another forum, "when the rally wave ends, the United States will collapse."

The debtmoney model cannot mathematically coexist with a future of contraction.

They have to print money or else the compounding interest service demands are going to destroy the entire money supply.

At the end of this road of debtmoney, which is and always has been a promise collateralized by a future of more, is the total collapse of debt-based and perhaps all fiat currencies.  Anything based upon promises of growth and more will fail.

BB is the appropriate guy to preside over this and NeObama is the right guy to be the President who presides over the collapse.  Each of them is particularly well-suited for the role that destiny has guided them to.

Jan 28, 2010 5:17 PM

Seen too many shit stocks fall below trendline support (IYR components) and then rally up under them using the rising trendline as overhead resistance to believe that this is "it."

Looking more for March or whenever at least the UST auctions start to look sketchy.

That said, oil and gold seem to be signaling deflation and price drops

Jan 28, 2011 1:05 AM

nobody even knows he's a freakin jew!

It is VERBOTEN to even IDENTIFY a jew as a jew...look at what happened to Helen Thomas

Jan 28, 2011 7:19 PM

Ferraris, bitchez!

Jan 28, 2011 9:32 PM

nah, that ain't no bent...599 all the way; gorgeous car

Jan 28, 2011 9:40 PM

The Fed is levered?  Levered what?  WTF capital does the Fed actually have?  The gold?

Jan 28, 2011 9:45 PM

there's substantially more paper oil than real oil.

10kbpd on the futes?  Easy.

Locking up an actual 10kbpd supply of the real shit?  much much harder.  For that you have to talk to an actual producer, possibly get governments involved, and the price gets fixed by negotiation.  This ain't like buyin at fuckin walmart

Jan 29, 2010 1:41 PM

The GSEs are underwriting knowingly bad loans in order to keep the entire housing debt ponzi fluffed up.

Maybe the DXY will go to 200 with gas north of $10/gal.  Either way, real shit priced in dollars can't coexist with price deflation so long as the entire Fed is stuffed with loans that are crap.

And if these go into foreclosure, prices fall and the dominos with them

Jan 29, 2010 11:53 AM

What about those of us who comprehend everything that they do at GS, see pretty much right through them, and still hate them for it?  You know, because it's like kinda immoral...

Jan 29, 2010 12:20 PM

So everyone else is not fucked worse?  I thought the dollar was their problem?

I was surprised that China did not step in with its FX dollar reserves and serve as lender of last resort in lieu of the Fed for nations in dollar scarcity during the DXY spike.

China's dollar holdings are massive enough to do that.  Were they these shrewd chinamen like we constantly hear, they'd have done exactly that.  They have a position as big as the Fed's B/S at this point.

Jan 29, 2011 3:53 PM

re-read that Nazi occupation shit again...massive trade imbalances they never had to pay off.  All the occupied States' production flowed into Germany for their benefit and the paper flowed out.

gee, what type of arrangement does this kinda sound like? 

Jan 29, 2011 4:11 PM

in a fiat FX regime, no fixed price can be maintained.

Jan 3, 2011 1:00 AM

what religion did the Fed get?  Someone smelt them up a golden calf to worship or something bc "G-d" was passe?

Jan 3, 2011 1:51 AM

in your boat as well.  Seen way too many masters of the universe who are really just not that smart.

The danger from the "rothschild" empire is not in the descendants, it's in the perpetual foundations they set up.  These organizations are run by people with agendas and the power of the eternal wealth behind them.

The grandkids are too busy banging vacuous golddiggers and globetrotting to be much worried about world domination.  That type of machinating is left to the career employees and true believers.

Jan 3, 2011 10:28 AM

watch inventories to know where crude will go, though Ahab has jawboned the $100 figure

Jan 3, 2011 2:05 AM

Nabucco was also outflanked by direct pipelines to China and through Russia.  The Caspian is within both their spheres of influence - this is the only reason we give a shit about Georgia; the little postage stamp is the only land to Europe from the E. Caspian that is not through Iran or Russia.  If we knock off Iran, expect Georgia to go to the wolves.  We would trade Russia that for go-along on Iran.

Jan 3, 2011 2:58 AM

and it's YOUR prerogative to live around the "edge" or whatever.  But when they are cramming it down throats as in busing and forced quotas, then that is altogether something else.  I like the action too, but I would rather raise my kids in schools where the students aren't on the verge of Cat 5 chimpout at the drop of a hat.

I also don't much like being the victim of racially motivated violence or have to worry about being robbed on any given day.  And, who wants to eat an EEOC suit when you fire the wrong colored person for incompetence.

You're entitled to your diversity, but Diversity is altogether a different movement (the capitalized version).

Jan 3, 2011 3:08 AM

the height of irony is the idolization of blacks by jews...one of my black girlfriends is CONSTANTLY getting hit on by jewish guys in NYC trying to be her sugar daddy.  Some of these guys are major hitters; you'd know the names if I dropped them.  I know a jewish guy with mulatto kids, this type of Lenny Kravitz thing happens often enough to be oddly disproportionate.  It's seemingly so frequent that I have other black girls I know and they may recount stories and I am like "was he jewish?" and they say "how did you know?"

Don't understand it, to be honest, as I have heard the flipside from token gentiles in jew-dominated neighborhoods as far as their daughters' collective impression of the black kids in the highschools as "spearchuckers."  People are weird.

Jan 3, 2011 3:11 AM

Naw, you first, bitch

The best thing about DWLs is that they are spineless and dislike guns.  Easy marks.  Plus they hate themselves and will be willing to die.  All that will be needed is for there to be a colored face to their exterminator.  They consider it the height of deserved virtue to be murdered by a black man.

They celebrate and revere the mulatto grandchildren from different fathers, well...at least until the 3rd strike anyway.

Jan 3, 2011 3:15 AM

there was some guy who preached about jesus and was around judea a long time ago who had something to say about the love of money

Jan 3, 2011 3:24 PM

you're only at a disadvantage in a collision with another car.  Trucks tend to fare rather more poorly than expected if they hit an obstacle, and they also roll over frequently

Jan 3, 2011 3:27 PM

consumption was greater than production for much of 2007 and before; the trend ran a little past the fundamentals.

Sure there is and was some speculative froth in the oil futures market, but there is no glut of oil.

Jan 3, 2011 3:30 PM

JFC, $53k for this Yukon POS?  I had no idea those buckets were that expensive

Jan 3, 2011 3:52 PM

it wasn't?  JFC, dude...IEA was lying in 2008.

There were those of us out there - I was rather vocal on forums such as TF - who were directly pointing out the material C&C peak in the data from late 2005.

As far as oil to 147, wtf difference did that make to you?  The oil you consume does NOT come off of COMEX trades ok?  These supply contracts were negotiated years ago.

I don't much believe DOE's inventory figures and anomalies were pointed out in these vis a vis firsthand eyeball reports on tanker volumes even as far back as 07.  Where IEA's forward estimates are concerned, I had been arguing with morons about how laughable those were for half a decade.

Jan 3, 2011 4:33 PM

Concur.  A meme I've been articulating for some time is that the US is being Argentinafied.  Or pick any south american country.  The middle class is downwardly mobile, while the upper classes in those nations can still afford fuel and cars.  When I filled my gf's car up with premium in brazil the last time, the attendant was somewhat incredulous.  People with cars like that always buy alcohol.  But, it's typical for a family or extended family to have but one or maybe 2 very small cars for everyone.  Also, lots more people per unit, way fewer sqft per person.  As an Indian, you're doubtlessly well-acquainted with this.  That is the future for the US.

Jan 3, 2011 4:40 PM

no...tarsands are currently quite EROI positive, just nowhere near the ratio of the surface fields found 60 years ago.

Jan 3, 2011 4:55 PM

I been long coal for some time, up 50 or 60% on the ARLP trade so far.

As it stands, however, I called a double bottom on BAC down in the 10s but did not place the trade long...HUGE mistake.

It looks like a shit bank breakout to me, which could mean long the phonebook.  BAC up over 6% today, got to be insider discounting of something, perhaps a QE3 where the Fed buys all the shit putbacks.

Jan 3, 2011 5:05 PM

this is an easy one...the reason no new refineries have been built is because there isn't going to be MORE oil to refine.

The "slack capacity" out there is all in heavy sour.  Our refineries were built for lightsweet, except for some capacity that can refine the taffy coming out of Venezuela (about the only plants on earth that can do this - hemispheric oil strategy).

The cost of building a new plant is very high, and the majors know that heavy sour will only make up an increasing PROPORTION of supplies, but there will still be no additional supply in the aggregate.  So it doesn't make sense from a ROI perspective to build new ones here.

Yes, the majors now about Peak.  Every well they've ever drilled has hit one.  What morons around here and Douchinger claim is "religion" is axiomatic in the oil business.

Jan 3, 2011 5:41 PM

wow...silver falls .23 and it's "manipulation"?

Let me see if I have this straight...it's manipulation anytime it goes down, right?

Jan 3, 2012 1:43 PM

just print the fkin money and let the market decide whose currency is worth what.

This fiat-by-debt bullshit just creates total instability.

Jan 3, 2012 1:45 PM

wait, Iran told us not to move carriers through international waters??  O....k.....

Jan 3, 2012 1:59 PM

they won't sink one...we might be baiting them to try to hit one because that would justify a response

Jan 3, 2012 11:49 PM

Rick Santorum now winning...Paul down 4% with 88% in.  RP goes to 3rd and this would be considered a disaster

Jan 3, 2012 11:55 PM

fuckin Santorum goin over the top...stick a fork in us

Jan 3, 2012 11:59 PM

gonna be a rough night for RP supporters...

Jan 3, 2012 2:02 PM

why would Russia or China care about Iran enough to nuke someone?

Israel could hit China too...and Pukistan.

Jan 3, 2012 2:32 PM

he should just say that "unelectability means they don't want you to vote for me."

Jan 3, 2012 2:35 PM

I love how the sky will fall tomorrow anytime anyone says we need to maybe reverse course.

if we end the war and don't invade everyone, the sky will fall.  If we reverse the debtmoney financial system, the sky will fall. Any attempt to right things EVERYONE AGREES are wrongs will cause the sky to fall.

Jan 3, 2012 2:50 PM

$60 by next week

Jan 3, 2012 2:52 PM

the world was flat for 1000s of years and a horse was the fastest form of transport

Jan 3, 2012 2:53 PM

"$60 by next week"

Jan 3, 2012 3:08 PM

that's the Balkans...an embargo and blockade.

Toilet paper and small bottles of perfume, lipsticks, little alcohol (airplane) bottles, matches...clothespins.  Shit like that.

medicines if you are an apocalyptic; NOT silver.  Gold gets you out of the country and gone with what you can carry.  No more, and no less.

Stockpiling silver is idiotic.

Jan 3, 2012 3:12 PM

Comex is a futures market.  Cash settlement.

Back a LONG time ago, these types of markets were trading posts for real buyers and sellers.  They're not anymore.  They are for cash players.  COMEX may make a market at the margin, but that is it.

The SELLERS owe the metal, not comex.

Jan 3, 2012 3:28 PM

if this is chess, we are up 3 queens and a rook

Jan 3, 2012 3:30 PM

oil peaked in 2005, real oil, C&C.

We burnt through inventories for a couple years, making up the margins through stockpiles.  That period where the POO rose ballistically was the Wile E. Coyote part of all this

Jan 3, 2012 3:31 PM

you should have put "navy" in quotes when you were referring to the Chinese.  Their navy is probably weaker than Iran's.

Jan 3, 2012 3:56 PM

they just "grew their balance sheet"

Jan 3, 2012 5:39 PM

we're like 5% of global production now?  big whoopie, US silver peak

Jan 3, 2012 5:41 PM

I'm going to vote to have people who keep claiming everything they don't like is RAYCISS put in a cage.

the US is DIVERSE. We have massive diversity all up and down government and in society.  And the MSM says RP is a rayciss too.

Jan 3, 2012 5:43 PM

start diggin in the couch cushions

Jan 3, 2012 8:44 PM

so how much did Bama rack up?

TreasuryDirect says 10.6T on 1/18/2008, now 15.2.  That is a cool 4.6T just on the headline number.  Give this guy another 4 years of this and he will have doubled the debt in around 8 and change years.  This is historically DEAD ON with the 9-year doubling interval I have previously discussed as having been relatively constant over the past few decades.

That suggests, yes, an 8% growth rate using rule of 72.  On a log scale, Bama isn't a bigger spender than Busch

Jan 3, 2012 8:46 PM

at an 8% growth rate, doubling of the debt should be EXPECTED every 9 years.  This isn't hard shit.

Jan 3, 2012 8:47 PM

what, do we still have 90% of the world's largest oil reserve still unused?

Jan 3, 2012 8:51 PM

the US hadn't even hit peak IRON in 1945.  This nation was blessed with arguably the BEST reserves of nearly everything on the planet.  Except platinum, that's the only one I can think of off the top of my head.

Best land, best water, best oil, best all of it.

And we didn't have diversity then either.  Therefore that entire society is rejected as evil.

Jan 3, 2012 8:52 PM

DATS RAYCISS

Jan 3, 2012 8:57 PM

what does the polling look like?  Statistical dead-heat between Mormney and RP

Jan 30, 2012 10:27 PM

hmm..I dunno bout that trade.  Not feelin it like at 1900

Jan 30, 2012 9:06 PM

GWB 3.0...the band played on

Jan 30, 2012 9:10 PM

these idiots are confusing a sudden production glut in NG with the potential for LONGEVITY of said glut.

Jan 30, 2012 9:19 PM

nobody actually wants a diverse workplace.  It is shoved down everyone's throats.

Jan 31, 2010 8:49 PM

SDRs are just more debtmoney.

Debtmoney is the problem because it requires growth.  The real economy cannot grow anymore; that is why interest rates have fallen.  They are forced to by the lack of economicalness of most activity this late into the cycle.

Can't lend at 6% if the activity only returns 5%..rates must match aggregate ROI

Jan 31, 2010 8:53 PM

Mikla, your theory is false.

Stocks represent the sum total of speculation and accounting malfeasance by executives.

We don't live in a dividend world anymore.  This is not the market of 1950, where CEO multiples were 25:1 because excess profits were disgorged to OWNERS (iow, shareholders).

We have shareprice ponzis now, therefore backing currency with stock is foolish.  The valuations aren't based upon income or cashflow but on bullshit and expectations of the Fed to bail out a particular industry.

Look at IYR or components like SPG...they are paying dividends in more stock and have pps valuations right now that are utterly insane.  Back currency with that?

With a REALISTIC stock market built around dividends, sure.  But I say just print currency and let the FX handle it.  NO DEBTMONEY.

Jan 31, 2011 1:01 AM

sound rike China WANT cheaper dorrah

Jan 31, 2011 1:03 AM

huh?  China doesn't buy from fkin Apmex, dude.

the retail end of things is runt hog on this trough.

China could negotiate with silver miners if they want silver.  There are 750Mtoz per year out there, no shortage

Jan 31, 2011 1:19 PM

he CAN arrest it within 15 minutes.

Just stop the QE and jack up the rates and watch the entire banking system collapse in deflationary implosion

Jan 31, 2011 1:22 PM

"Big Oil" does not set the fuckin price of crude

Jan 31, 2011 1:25 PM

man, I been sayin this for years...the lengths people will go to in order to avoid facing the even bigger elephant in the room...

It's as if people believe that because we had a 150 year run of increasing oil supply, it simply MUST be a permanent condition or something.  We are ENTITLED to oil at 25/bbl

Jan 31, 2011 1:30 PM

Yep.  People desperately want to cling to the notion that whatever is "causing" this price shock can be reversed.

If it IS Peak, it cannot be undone...it's a one-way street with no UTurns.  And that type of Kobayashi Maru doesn't sit well with all the Kirks around here.

Better to believe in alt.energy or that oil production will go to 130mbpd in the next 20 years like the laughable old IEA forecasts.

Insofar as our "way of life" is inextricably tied to oil, yes motherfuckers, OUR WAY OF LIFE is going to end upon the oil peak.  A different way of living is going to emerge whether we like it or not.

Jan 31, 2011 12:36 PM

look over at Africa...they did.

Do you want your country run like that?

Jan 31, 2011 12:44 PM

no, they didn't.

The native americans were a late stone age culture.  They had no modern medicine, written word, or mechanical devices.  The notion that they "lived well" is absurd.  They struggled to eke out a living from the land just the same as the pioneers did.  Most of the injuns lacked agriculture and many were simple nomads.  This is not what I would call living well.  too much Hollywood revisionist propaganda, methinks

Jan 31, 2011 12:44 PM

no, they didn't.

The native americans were a late stone age culture.  They had no modern medicine, written word, or mechanical devices.  The notion that they "lived well" is absurd.  They struggled to eke out a living from the land just the same as the pioneers did.  Most of the injuns lacked agriculture and many were simple nomads.  This is not what I would call living well.  too much Hollywood revisionist propaganda, methinks

Jan 31, 2011 12:44 PM

no, they didn't.

The native americans were a late stone age culture.  They had no modern medicine, written word, or mechanical devices.  The notion that they "lived well" is absurd.  They struggled to eke out a living from the land just the same as the pioneers did.  Most of the injuns lacked agriculture and many were simple nomads.  This is not what I would call living well.  too much Hollywood revisionist propaganda, methinks

Jan 31, 2011 12:50 PM

Hard to take seriously the writings of an invidual who gets "astonished" at the relatively mathematically ordinary growth of a compound interest function like the national debt.

Sure, our own personal incomes and "economy" in general cannot keep pace with the ruthless exponential, but that doesn't make it somehow extraordinary.

The growth of the debt to these levels was not just foreseeable, it was foredrawn

Jan 31, 2011 2:36 PM

FDIC? Are you on fkin crack, man?

You don't seem to understand what deflationary "implosion" means.  There would be no freakin banking system, no FDIC, no wages, and none of the rest of this shit

Jan 31, 2011 2:44 PM

yep. Wanna know why it failed?  Bc economists know fuckall about physics.  They *assumed* (they literally did) that energy inputs would and could grow forever.  Seriously.

The entire study of economics occurred within a FISHBOWL.  It only has relevance in THIS particular climate.  It's a cargo cult.  It'd be like studying weather patterns during a pattern of increasing solar activity - EVERYTHING would seem one-way.  Without knowledge of the sun's cyclical nature, one might assume temperature would go up forever.

Economics came of age in the fishbowl of sustained growth in energy production. That is like the canvas it's painted on

Jan 31, 2011 2:58 PM

so who gets the fuckin haircut?

Jan 31, 2012 10:41 AM

you think all those bugz will still have jobs??  they'll be SELLING silver, not buying

Jan 31, 2012 10:52 AM

sayeth the KING of strawmen?  LOL.

Dude, stop repeating shit that I say and trying to sound smart.

I didn't SAY profit was bad; THAT is the strawman.  I said that you silverbugz are ponzi-chasing SPECULATORS.  That is NOT a strawman, that is a statement of fact.

You don't hate bubbles, you WANT ONE, just in the shit that YOU own.  That is why nobody should listen to what you people say.

You condemn ponzis and bubbles but then cheer for and actively hope for one.  And talk about how wildly rich you'll all be when one happens.

Jan 31, 2012 10:54 AM

so in ONE breath, you say you look forward to a world where we don't have money from nothing and in the PREVIOUS breath you talk about profiting from nothing more than a PRICE BUBBLE, and in the subsequent breath say you just want to profit from your own effort.

JFC, is it possible to hold MORE contradictory thoughts at one time???!?

Jan 31, 2012 11:16 AM

you have a very weird fantasy life, cliff

Jan 31, 2012 11:23 PM

that was the fuckin dumbest article EVER.

A "mass psychology paradigm shift"?  AKA bubble?  Mania?  That's what you guys want?

Fuckin "paradigm shift"?  WTF is this, 1997 with this bs jargon?

Jan 31, 2012 11:26 PM

All I know is RP got crushed.  Candidacy over, just like I said after the catastrophe in Iowa

Jan 31, 2012 11:27 AM

wanna see somethin crazy?

go to kitco and look at a 6month chart of gold price in JPY vs USD.  The yen has been pegged to the dollar for at least that amount of time.

we now have a USD/JPY/CNY axis

Jan 31, 2012 11:28 AM

DXY isn't static over 20 years

Jan 31, 2012 11:28 AM

read my post at the top.  The JPY is currently pegged to the dollar

Jan 31, 2012 11:30 AM

couldn't u get an unallocated pool slip for less?

I mean, yeah, trade that paper...when PHYS premium to nav goes full retard, sell it

Jan 31, 2012 11:35 PM

horseshit it is.  You have no clue what racism looks like if you think that.  LOL

Jan 31, 2012 11:39 PM

hmm...Detroit is the result...total collapse and decay.

Roadside corpses, witch doctors.  My company has a South African contingent.  One says Death of Jo-burg is so bad now that even RSA blacks won't go down there.

They live in a compound, lock steel safety doors to their bedrooms.  Guns are illegal.  Sitting ducks.  I ask him wtf is he waiting for to GTFO, someone to come and cut them apart (which is what the home invaders do now).

Jan 31, 2012 11:43 PM

I was bangin a frosh at Howard for a bit last year and she is just insufferable in terms of her arrogance, even when that U is populated by mediocre students and has a laughable graduation rate.  But because the corporations due to diversity police rain free shit down on them, cherry jobs, promotion tracks, money for nothing, they think they are a fucking hot shit commodity.

and their entire ethos revolves around blackness.  Black studies, black history, black this, black that.

Jan 31, 2012 12:22 AM

you've obviously never been to south america

Jan 31, 2012 12:28 PM

The CBO is just doing a projection assuming that this downturn is cyclical and there is another economic BOOM coming like has happened in the past 30 or 40 years.

Jan 31, 2012 3:59 PM

the jobs don't actually exist...how can you vaporize vapor?

Jan 31, 2012 4:00 PM

get back in the fuckin closet

Jan 31, 2012 4:47 PM

we simply NEED more Mexicans in california as the budget arc with cradle-to-grave socialism works best the more diversity we have.  It's always the answer.

Jan 31, 2012 4:50 PM

DIVERSITY IS STRENGTH.  OK?

Don't argue against this or you will be branded a RAYCISS.

The company failed because of WHITE PEOPLE.  Just like Detroit.

Jan 31, 2012 4:53 PM

LEH failed quickly.  This other company was propped up for probably a decade, just like every other minority-owned enterprise.  Probably for its entire history.  Entire minority ventures have lived off of AA setasides for their entire EXISTENCE.

The entire EDIFICE of the "black middle class" is propped up by a MOUNTAIN of government jobs and entire AGENCIES devoted to their hiring.

Did it EVER occur to any of you people that something was amiss at TSA that they have nothing but blacks at the airports?  Or at the USPS or FNM/FRE?  Entire agencies are devoted (there are others besides these) to the PURPOSE of employing black people. 

Diversity is strength. 

Jan 31, 2012 6:21 PM

there is no slavery except black slavery

there is no holocaust except THE holocaust.  Irish, Armenians, Ukrainians...didn't happen.

there is no racism except white racism

there are no races except black and white.  there is never an asian kid with a white group on TV, nor a hispanic or an indian, despite these being larger populations worldwide (and even the US with hispanics) than blacks.

Jan 31, 2012 7:26 PM

Diversity is everywhere.

BTW, you forgot FNM

Jan 31, 2012 7:27 PM

fuck you

Jan 31, 2012 7:28 PM

if'n he really black, you know he ain't have no daddy around...mfer either ditched or got locked up or shot

Jan 31, 2012 7:29 PM

Disproportionality...look it up.  It's how there are "more whites on welfare"

Jan 31, 2012 7:30 PM

of course there are minority requirements!

Obama ordered the federal government to STOP HIRING WHITES!  Hiring was ordered FROZEN while they "studied ways" to increase diversity!

Nevermind that the fed gov is ALREADY overpopulated by blacks compared to their share of the population and some gov agencies so egregiously so that you have to scratch your fkin chin.

If you expect civilization to erupt from people who cannot create it or even to be MAINTAINED by them, then you've been asleep for...ever.

Jan 31, 2012 7:34 PM

You are "coming" to the conclusion?

LOL...finally?

Pretty soon you will agree with everything I say.

When you wake up and realize that all I've ever said is the TRUTH, you will feel a lot freer in one respect and a lot worse in some others, especially when you run into others who remain wilfully asleep.

People of color have NOT been given the fucking shaft.  Indians do JUST FINE and they are COLORED.  Got it?  Blacks were given the shaft by EVOLUTION, not white people.

Their culture comes from THEM, not everyone else, because stupid IS as stupid DOES.  When you wrap your head around the profundity of this Forrest Gump analysis, your eyes will truly be opened.

Jan 31, 2012 7:40 PM

fo tha muthafuckin WIN bitchez

EVERYTHING bob just said is true.  Read it again, fuckfaces.

MsCreant's stupid university frets because they don't have enough blacks.  LOL.  And the ones that can pass a background check demand mad wages...for what?  Because of their BLACKNESS.  To avoid the diversity police.  They are paid to be black and make stupid white people feel better about themselves.

The ENTIRE black middle class is A FRAUD.  It exists because of stupid liberal whites who hate themselves because their race discovered the transistor and blacks discovered nothing.

Bad news...cognitive acuity is NOT distributed evenly across the human race.  I hit the genetic lottery in this respect; most of you didn't.  Whites and asians as a result of evolution just get more tickets and on average a higher payout from this lottery than hispanics or blacks.

Jan 31, 2012 7:42 PM

black rule is great...if you like how Detroit works.

blacks cannot even sustain a civilization HANDED TO THEM with ALL THE PARTS working and a ton of instruction manuals!

They will fuck up everything they touch as surely as Cabrini Green went from a first-rate housing complex to something utterly destroyed.

Welcome to BRA, you sniveling, belly crawling white bitch pieces of trash.  Cheer for your own destruction, but do it over there.  You can live in your compound like the south africans I know, waiting for someone to put you out of your misery.

Jan 31, 2012 7:47 PM

ROTFL.

You can't help yourself, can you?  You can't seem to resist writing them a blank check.

You JUST SAID that so few are qualified.  That is why they don't get hired.

NOBODY is refusing to hire someone because of their race.  It just doesn't happen unless you are non-jewish working in a jewish-dominated office.  Or, well, black dominated or indian dominated, or hispanic dominated.

They are discriminatory WITHOUT REMORSE.  only stupid whites give a SHIT about this crap.  Go onto a black heavy site and see if ANY of them bleat out this "DAT RAYCISS" shit on each other.  Never.  Haven't seen it ONCE in my life and I am a fkin honorary black!

Nobody ever gave whites SHIT.  They made what they have.  Africa is a materially endowed continent that they did nothing with because they couldn't.  With the resources of the USA, whitey in 200 years was on the moon.  WTF did the injuns do?  Nothing.

There is NO SHORTAGE of resources available to Africans, as whitey only sailed there after the Renaissance.

Also, race IS NOT a socially constructed identity...where in the HELL do you come up with this crap?  Why do you think they ask for race on clinical drug trials?  You are NOT this stupid; wake the hell up.  You're almost there, Ms., just come a little further and you are going to laugh at who you used to be.

Jan 31, 2012 7:49 PM

no.  Your jus rayciss.

Jan 31, 2012 7:52 PM

I was a national merit scholar.

The black merit scholarship is a joke, but you cannot honestly expect blacks to compete on equal footing with whites when we average 15 IQ points more than they do.  It's just not feasible.

Magnet schools built around merit agonize over this.  They are not stupid enough not to know but this culture of ignorance of reality that whites have stood up needs to die soon.  It is suicidal.

Jan 31, 2012 7:57 PM

are you fucking stupid?

At EVERY SINGLE TURN I have said that asians average higher IQs than whites.  WTF is the matter with you? 

I have no clue why the fuck you idiots confuse fact with emotion.  I have no antipathy whatsoever toward blacks as a group.  I was made an honorary black in college for fuck's sake and I have more black friends than whites.  One of them says I am the most racist non-racist mfer he knows.  That is because I evaluate PERSONS as INDIVIDUALS, something you seem to be unable to discern by the thousand times I have said it.  And at the same time I speak truth on differences between groups...things that they KNOW but don't want a white person saying.

Even THEY can get what you morons can't seem to grasp.  More and more I cannot even get along with white people because most of you are suicidal IDIOTS who believe in nothing but fantasy shit.

Jan 31, 2012 7:59 PM

concur.  they will kiss black ass while it shits on them and beg for more.  Disgusting.

Jan 31, 2012 8:15 PM

BUY and HOLD FTW, bitchez

Jan 31, 2012 8:18 PM

Pt got smashed today

Jan 31, 2012 8:19 PM

by "next week." Probably 60 by then as hyperinflation "IMMINENT"

Jan 31, 2012 9:34 AM

if "TSHTF" like all the silverbug cretins around here keep saying, silver demand (industrial) will collapse and so will the price.

This is not like oil where 100% of the use is industrial

Jan 31, 2012 9:35 AM

it's in CHINA.  Why the hell would you expect legitimacy from anything there?

Jan 31, 2012 9:36 AM

typical silverbug, trying to profit from a bubble.

you guys bleat about all the paper ponzis out there but you're just jealous that you missed out on them.

Jan 31, 2012 9:37 AM

yes...buy now or risk being priced out FOREVER!!!!!1

just like houses and .com stocks!

Jan 31, 2012 9:40 AM

average ashkenazi has a higher IQ yes.  like 112 IIRC

Jan 31, 2012 9:44 AM

whites' distribution curve has fatter tails.  More retards and more geniuses than should be expected, particularly white men.  Some aberration of selection in biology for whatever reason.

genius is what produces advancement...high average produces a caste, especially when combined with racist nepotism. Among the giants of science and math, the vast majority were historically white men.

Jan 4, 2011 1:00 AM

My dick is long

Jan 4, 2011 1:05 AM

next time have that idiot call me first

Jan 4, 2011 1:14 AM

Carlos Slim isn't buying silver, he's rumored to be considering buying a miner.  Slim buys productive assets, simple as that.

The dude isn't turning his wealth into "PMs" for fuck's sake.

Jan 4, 2011 6:44 PM

SP or SJ...the other two are NT and NF; by far the largest group is SPs, the happy go lucky fun types.  Not your deepthinkers or analyzers.

Jan 4, 2011 6:46 PM

it's "LD50"

Jan 4, 2011 7:04 PM

amazing how well the tribe's faces fit on each other

Jan 4, 2011 9:46 AM

lol...right on cue

Jan 4, 2011 9:52 AM

certainly explains the BAC price action lately...was suspicious this was afoot

Jan 4, 2012 10:57 AM

yeah; Santordumb's showing was unprecedented.

there's no way I could vote for Mormney or Bama...I mean can you even imagine those debates?

Jan 4, 2012 12:01 AM

Santorum is a piece of fuck...Mormney shows well even though Carville savages him for lookin weak.

RP in 3rd place is a disaster...say goodbye

Jan 4, 2012 12:11 AM

watchin RP's speech now...it strikes me as a concession as much as anything else.  Never thought he had a chance.

But, Rick Santordumb?  WTF?  Rly?

Jan 4, 2012 5:41 PM

that's because he totally fucking sucks and nobody likes him. 

Could you find ANYONE who was enthusiastic about a dude like Mitt Romney?

Jan 4, 2012 5:45 PM

feel free to add as many others to the list as you can...won't change the trend that pops right out

Jan 4, 2012 5:47 PM

Ima say...it's over.  It's good to dream, but better to be real.  RP needed a blowout Iowa win.  As it stands, he lost to a complete chump like Santordumb.  Maybe they fudged the votes, who knows...it doesn't matter.

RP needed to get legitimized...where's his opportunity to do so now?

Jan 4, 2012 5:48 PM

he blamed a list of individuals, you frickin idiot, not an ENTIRE group.

He only identified that these people on the list have a clan affiliation.  It is pretty clear to anyone who's dealt with this that significant racist, ethnic nepotism takes place in their favor by other members.

Jan 4, 2012 5:51 PM

Rachel Madcow made that same point when she brought up the fact that Bama is a liar and a hypocrite and essentially worse than Busch.

Problem is, nobody watches her anymore because she's simply unwatchable.  Now that these moron partisans, after carrying NeO's water for so long are actually seeing what is happening, THEY cannot believe it either, so enamored were they with his black nuts.

This is like if Mary Magdalene stood up to being freed by Jesus and he then started to pimp her out.

Jan 4, 2012 5:52 PM

dang, bama got nice tits

Jan 4, 2012 7:43 PM

I don't see any significant difference between Mormney and NeO.  None.

Jan 4, 2012 7:45 PM

sorry, but Muhcane was an already legitimate candidate.  RP isn't.  RP is still fringe.  Like it or not, that's what he is.

Jan 4, 2012 7:46 PM

3rd place won't cut it; neither will 2nd.  To get momentum, he needs to start having some wins.  3rd place in Iowa is a disaster for him.

Jan 4, 2012 7:51 PM

depressions are the best times to be at the top.  Labor is annihilated and the banking system has your back.

Jan 5, 2011 1:15 AM

their refineries just give VEN another customer - they won't be able to refine all of the taffy coming out of VEN.

If this comes to problems, those refineries will get Stux'd

Jan 5, 2011 1:18 AM

it's a good thing that the ME is doing such great things with their oil bounty.  You know, like we did, inventing nearly everything single thing people use in the world.

Oh wait, no, the Saudis just bang out children and pray to their rock god

Jan 5, 2011 1:24 AM

the last consolidation phase lasted some 6 months...people would be wise to avoid expecting perpetual one-way price action

Jan 5, 2011 1:45 AM

The Fed CANNOT BE insolvent, ok?

ALL of its liabilities are denominated in FEDERAL RESERVE NOTES, something that they can manufacture in INFINITE quantities.

It is eminently possible that nobody in the world will accept a FRN.  People could en masse decide tomorrow that the FRN is no longer acceptable to them, give me something else and the FRN would be worthless.  However, the Fed's obligations are not in anything other than FRNs.  They could print eleventy trillion of them and balance out ALL the sheets to 0.

As far as rates, perhaps the Fed is trying to entice foreign purchasers back into UST auctions because as of now, they are monetizing the entire deficit.

Jan 5, 2011 1:57 AM

if someone else breaks our stranglehold on refining capacity for that taffy shit they call "crude," then quite possibly.

Additional refining is fine so long as there is a supply glut of this stuff and we have a bottleneck, but once it comes to a choice between shipping it to China or to us, we're going to have to remind them who has a blue water navy and which hemisphere we are in.  VEN isn't even on their ocean, shipping lanes to China for this are indefensible.

Jan 5, 2011 12:00 AM

it gets pussy.  Fortunately there are billions of people, maybe primitive sure, but billions who like it a lot

Jan 5, 2011 12:09 AM

well I mst disagree...gold "is" not money.

There is no universal decree or edict from God that can make this so.  Gold can be used AS money, but it is not money in the absolute.

Gold, like ANYTHING else, has value only because people want it.  There need not be any objective utility...what use is a flawless diamond or a work of art?  You can't eat either of these, but people desire them.

What use is a beautiful women vis a vis an ugly one with a better attitude?  Yet, the former is considered far more desirable.

Anything can be used as money and anything can have value, irrespective of utility.  Gold's historical allure versus rarer metals such as rhodium or platinum or palladium is that due to relativistic effects, it is yellow.  It may rub bugz wrong to hear this, but that's it.  Gold is significantly less rare than a number of other metals I can name off the top of my head, but it has a combination of sufficient rarity plus that golden color.

The average cretin cannot distinguish Pd from Pt or even either of these from sterling silver, but they can immediately spot gold.  Iridium and Osmium are rarer and denser, but they look like every other metal

Jan 5, 2011 12:14 AM

good troll, but in South Africa, you can pay in krugerrands

Jan 5, 2011 12:25 AM

everything is a fiat currency.

What did I say last time, if everyone decided to commit suicide, everything except CYANIDE would be valueless

The people who MISSED the gold "bubble" are the ones saying it's a bubble.  They never thought .coms were in a bubble, nor houses.  In fact, they argued to the point of mortal combat that these things were NOT in a bubble.  But now these same morons see a gold "bubble"??  GTFO here.

They missed the train and so it's going to crash.

Jan 5, 2011 12:52 AM

we wouldn't be drilling 13,000' down if KSA had significant slack capacity.  PBR wouldn't care about a reserve under 2 miles of ocean and 3 miles of rock if there were a crude glut.

Nobody would be doing any of this

Jan 5, 2011 2:28 PM

This may demonstrate at least how inimical current market conditions are to CB rate increases

Jan 5, 2011 3:01 PM

Gibbs just flat ran out of lies and could do no more in the position

Jan 5, 2011 8:40 PM

what the fuck does WALMART's margins have to do with the margins of the companies selling them the products???

Answer: nothing.

Walmart is the retailer; in many cases, they are PAID to sell products.  They earn no matter what the cost of the good is.  Grocery stores SELL their real estate to companies intending to sell products there, and in many cases, the store has fuckall to do with the pricetag!  And the store gets paid no matter what. 

Walmart may be able to preserve its own pricing leverage while its suppliers are being forced to downsize product.  WMT doesn't give a shit so long as they can get the tag price.

The suppliers control the quantity of goods in a package.  WMT cares only about how much they can sell space for and/or how much they pay versus how much they flip it at.  None of these are related to commodity prices or dollar inflation.

Jan 5, 2012 10:26 PM

I think he meant TRIllion, not billion

Jan 5, 2012 10:29 PM

trade silver for its peak and assuming continued industrial demand.  But paper, not physical.  If SHTF in any meaningful way, silver is just too heavy to pack out.  Pt and Au.

Jan 5, 2012 10:36 PM

No, they don't become economical at that point, idiot, because you can't print oil.

Energy resources are economical at EROI>1. 

You may still call them useful at EROIs below 1, but not economical.

Jan 5, 2012 12:07 PM

there is a difference between a nuclear weapon and the means to deliver it.

Iran's threats on Hormuz will be ignored...these are international waters, meaning they belong to whomever has the strongest bluewater navy

Jan 5, 2012 12:11 PM

the USA isn't even pretend honest anymore.  Everyone steals.  It's over.  You can't have a successful society with ghetto values and morality.

Jan 5, 2012 12:13 PM

because of one demographic, the people who would pay for mass transit are afraid to ride it.  Meanwhile, the disproportionality in things like farejumping is the same as with other crimes.

There's a reason why certain suburbs reject mass transit endpoints.  

Jan 5, 2012 12:16 PM

well, the usury racket is historically associated with a particular set of people who now dominate policy and the message.  Did you expect them to NOT bring their cultural norms with them?

The USA is not an industrial nation any longer.  We make money like the English used to, by discounting bills and overissuing notes.  This was the gift that the Rothschild takeover of the BoE provided, a way to make money via parasitism instead of work.

Jan 5, 2012 12:17 PM

um, the rail networks in Europe operate at a profit.  Japan, ditto.

Jan 5, 2012 12:19 PM

usury drives out productive endeavor.  THIS IS WHY it was effectively BANNED by two major religions for most of the past 2000 years.

The people who practice usury are for THIS REASON reviled.  The usurers don't care about production, advancement, ANYTHING other than seeking RENT.  This is why they are hated.

Making money via the counterfeiting of usury and the inflation creditmoney system was more profitable and far easier than building things.

Jan 5, 2012 2:00 PM

oil PRODUCTION is down, therefore gasoline demand will fall.

Gasoline consumption is GDP like everything else.

Jan 5, 2012 2:02 PM

uh...DEMAND fell.

People are driving less...this is an inevitable consquence of gasoline persistently OVER $3/gal.

Much as morons like Robotard trumpet the "collapse" in gas prices, you can hardly call $3.50 a gallon a collapse or any kind of low price point.  This input cost to doing everything trickles through all phases of the economy.

Jan 5, 2012 2:05 PM

let's use export land model to figure out what happens when nation after nation drops off the exporter list.

WHERE is the US's oil gonna come from?  Consumption has no choice but to fall in importing nations; there is FAR LESS oil now available for import.  THAT is what the WTI and Brent numbers indicate!

People focus on production and never look at how importer nations get their oil.  Average time between peak and importer status is 7 years.  After that point, nations aren't exporters any longer.  Look at the UK, Mexico, Indonesia.

Jan 5, 2012 2:07 PM

why the hell didn't you get a Leaf or an e-Drive Prius?  R U stupid?

Jan 5, 2012 2:19 PM

and on to "$60 by next week"

Jan 5, 2012 3:32 PM

stupidest.article.ever.bitchez

Jan 5, 2012 4:06 PM

this may be my all-time PR for G/R arrow ratio

Jan 5, 2012 4:07 PM

nobody said that and neither did the article.

you can only win an argument against nonexistent strawmen

Oil to "$60 by next week"

Jan 5, 2012 5:35 PM

Peak oil was invented by M. King Hubbert, you retarded fuck...a GEOLOGIST

Jan 5, 2012 5:40 PM

JFC, you are stupid.

Show us the "MAJOR" oilfields.  We could use a good laugh on such a grim topic.

Production matters, not exaggerated URR

stupid fuck.

Jan 5, 2012 5:44 PM

No.  It delays nothing

Those fields will produce probably 500kbpd each.

Oil production IS NOT ABOUT RESERVES, IT IS ABOUT RATE OF EXTRACTION.

Deepwater fields produce at fractions of the rate that can be sustained by surface fields of the same reserves class.  They peak sooner and decline faster.

The 34Bbbl found might at most give us 1.5 or 2 mbpd total.  They are not going to be producing like Cantarell or Prudhoe did.

Jan 5, 2012 5:47 PM

no; the USSR's oil production peaked in 1989.

Jan 5, 2012 5:49 PM

good god, no, otherwise I'd be broke as fuck

Jan 5, 2012 5:52 PM

All I read was "White House has no plan"

Period.

Jan 5, 2012 5:53 PM

you would have bought at $49 "with both fists" and been as bankrupt as all those bagholders you created who are now scouring the internet for your home address

Jan 6, 2010 10:35 AM

Dodd is, was, and will be a crook from the word "go."

Jan 6, 2010 10:38 AM

Look, the price/income multiples in China are grossly unsustainable.

There aren't enough cash buyers out there to afford these properties.

Yes, people ARE buying on credit.  China has entire cities sitting empty; their solution to the demand crunch was to build more no matter what and to force the State-owned banks to make loans that will go bad if not for massive inflation.

Jan 6, 2010 10:44 AM

This isn't totally accurate.

Fiat currencies are not inherently bad...the government could print the money it needed and then tax it out of existence.  This is how tally sticks worked.  They ran fine, the system was stable until the King decided to inflate, to try to get something for nothing.  And the goldsmiths who were discounting tallies forward into the markets got shafted by the King.  Not much they could do about it, he had all the swords.

Our system of fiat paper is debt money.  It is lent into existence and represents a claim upon the future (the interest on the loan).  It represents now a promise to pay more promises in the future and the hope that it will be exchangeable for real things at that future time.  Our currency or debt is discounted against our ability to produce real things to exchange the notes for.

Worldwide dollar hegemony gives the USD a lot more value than competing currencies.  A majority of world debt is denominated in it, oil is traded in it, etc.  It's the underlier for trade payments settlements for nearly everything until quite recently.  So, the "confidence" a dollar would exchange for something real in the future was and is quite good despite the apparent inability of the US to maintain growth.

The USD is the world's currency and we collect fees for maintaining it.

Jan 6, 2010 10:46 AM

There simply aren't enough Chinese with this type of cash.  Just aren't.

Look at the metrics, the size of the "middle class" and what it means there in terms of income to be middle class.  There's no way in hell that all these empty cities were bought by cash buyers with real savings.   It's impossible.

Perhaps by spec buyers who rolled other spec properties and used capgains to do it...that's possible, but that will come crashing down frighteningly.

Jan 6, 2010 10:47 AM

If they unpeg, their export mercantilist ponzi implodes immediately.

China was BUILT on our cheap credit funding their GDP.  Our inflation went THERE.

Jan 6, 2010 10:52 AM

Review the history of the Bank of England and the Sterling Bill and the history of the Colonies.  There is your answer.

Inflation into a developing zone is not a new game.  The English used the Sterling Bill as an instrument of war.

Jan 6, 2010 11:14 AM

Well, golly gee...no way!

You mean it wasn't the good productive assets?

A lot of the trash marked at par on the banks' and Fed's books is actually trash that is of near-zero worth.  Anyone with a cursory understanding of how CDOs work gets that with the impairments we've seen in the underliers, that mezz and equity tranche paper is worthless.

I wonder if there are any "real" MBS or ABS pools left out there...certainly, nobody in their right mind is going to swap supersenior paying paper for a loan, what would be the point in that?

Jan 6, 2010 2:23 PM

The Discourse of Voluntary Servitude, Etienne de la Boite

It's an old work.

Jan 6, 2010 2:26 PM

See the Sunk Costs fallacy

Jan 6, 2010 2:34 PM

We rode 150 years on oil.  The horse is tired now.

As for the Twin Towers and the whole "what to do" TSHTF/TEOTWAWKI thing, one theme emerges, be it from tsunamis or any other unanticipated disaster...the best course is to not be there.  Absent that, luck is what determines survivors versus those no longer con nosotros.

If growth has stopped, which I maintain it has, then the future bodes ill for paper promises based upon expectations of growth.  Simple as that.

Either way, I'm in nuclear, oil, gold.  Real things.  Even in Afghanistan, they have cellphones next to bombed out houses.  Life goes on even if my kids don't end up owning twice the cars I have (one of which I never drive)

Jan 6, 2010 2:39 PM

This is insane.

They need people to pay in in order to be able to pay benefits to anyone.

SS is insolvent TODAY because the relatively few people we have consuming benefits are exceeding the taxes paid in by all the people not consuming.

None of your solutions actually solves anything - they make the fiscal picture even worse, dramatically worse.  Every surplus during the 90s was SS, not general budget...they have spent trillions and trillions, tens of trillions, in surpluses over the years in the general budget.  Now we face the hour when obligations equal receipts and it's no accident that our fiscal picture has worsened so dramatically.

If they cut out taxes for SS and Medicare tomorrow but continued to pay benefits, that'd blow a $1.5T per year additional hole in the budget.  Nevermind the refund...where in hell would that money come from?  You're talking tens of trillions.

Jan 6, 2010 2:45 PM

Look, the credit game isn't working, they're going to have to give money away if they want to generate inflation.

It's not going to happen by lending.

Jan 6, 2010 3:00 PM

What about people who lack sufficient intelligence to be educable to the level necessary for them to apprehend the need to have less children?

There is no link between education and birthrates, not a causal one, only correlative.

The link is between consumption/development/economic growth and low birthrates.

The problem is that we all can't have this lifestyle.

And the world does not need more stupid people driving SUVs

Jan 6, 2010 5:37 PM

Gosh these economists and bankers are fools.

Don't they understand that credit is a supply and demand instrument?

There is not much demand for credit because there is NOTHING TO DO WITH IT THAT WILL GENERATE A RETURN!

There's a REASON why ALL the "growth" in the past 5-10 years was in FIRE ponzis.

Their notion that labor will migrate away from the only industries that provided ANY return and into others that provide "higher returns" simply serves to underscore their incompetence and ignorance.  There ARE no such industries!

The Fed and economists haven't realized that growth has ended.  They still think they can drop rates and everyone will start borrowing at 0% to fund economic activity that generates a 1% return or something.  The problem is, look around the business landscape.  I've challenged people on other threads, where is the profitable venture out there that doesn't rely on a gov't subsidy to make it profitable?

We're so dramatically overcapacitied that just *not* losing money appears to be the best you can do.  The Fed won't be able to inject money without giving it away, paying people to take it.  Negative rates, here we come.

Jan 6, 2011 12:30 AM

fuck the ROW.  We invented everything, they didn't.

Jan 6, 2011 12:56 AM

I'll weigh in on this.

The metric system sucks.  Yes, it sucks.

The reason I say this is because the english system EVOLVED over centuries to provide usable weights and measures that had relevance to human activities.

A kilogram is too heavy, a meter too long, centimeter too short.  Fluid Ounces measure well for meals, they are evenly divided by teaspoons and tablespoons.  The foot is like the measure of a big foot, chains, acres, etc., are ALL measurements that are NON ARBITRARY.  They were related to some physical thing, how much an oxen could plow, etc.  Inches, pounds, stone, etc.  English measurements revolve around things humans need to measure in nice round numbers.

The metric system is totally arbitrary, based on configurations of water.  As far as celsius vs farenheit, F measures real-world physical temperatures.  0 is real cold, 100 is real hot.  Metric is obviously objectively superior for scientific purposes, but the mile integrates so well with the minute at ordinary roadway speeds that going to kph is absurd.  The english pound, the foot, the cup, pint, quart, etc., all work very well for things we do on a daily basis.  This is why they stuck around whereas metric completely dominates science.  Even the Brits don't want to give up the gallon and the mile.

For the goldbugz, talk about TROY ounces?  But, these coin sizes WORK well, don't they?  There is no EVEN unit in metric that can suffice, what, 3 decagrams?  Grains were actual grains of something.  A gram works ok for retail coke sales, but at an intermediate level, the 8ball and half and oz are for people who are having more hookers over.

Jan 6, 2011 2:26 AM

I've never understood deflationists

Lemme help out...study what guys like Mish or Douchinger say...they in a cute naive childish kinda way expect the rules and the law to be followed.  They see a monetary system requiring credit creation to grow, so without that, they assume deflation must be implied.  And this is certainly right insofar as credit goes.  However, this would cause an implosion; the Fed knows this.  The deflationists on TF argued till blue in the face that printing would be akin to the Fed sticking the "gun in its mouth."  But deflation is exactly that to everyone in debt and everyone leveraged, including ALL of the Fed member banks and the government with whose charter the Fed operates.  The Fed may not go apeshit printing, but it will print enough to stave off the collapse of the monetary system, printing the coupon and whatever interest is needed to prevent a deflationary implosion.

Jan 6, 2011 2:31 AM

this is categorically WRONG and why the deflationists are so misguided.

Think about 2008...what happened there?  EVERY SINGLE BANK on the planet was about to go tits up.  Those corporations ARE the financial class!

It is telling that during a relatively mild deflation, every major actor in the "financial class" was about to go BK.  This is why the Fed began to print; they don't give a shit about US, but when their membership is about to get vaporized, then they spring to action.

They relieved all of their members of their trash paper and the Fed will eat the losses on these products because the Fed can eat infinite losses so long as its FRNs are worthful.

Debts CANNOT be purged; this is a one-way system. 

Jan 6, 2011 2:41 AM

VERY interesting...

So, while you're up, explain to me how ALL OF THESE creditors were within hours or days of going fucking BK in September 2008.  Including GS, the squid creditor with all its tentacles.

I already know the answer:  the banks aren't really creditors.  Most people's understanding of what major banks actually do is laughable and obsolete.  this isn't It's a Wonderful Life banking

Jan 6, 2011 2:42 PM

whatever, man.

The truth, folks, is that the GODS ARE ANGRY with us.  They are; it's clear and plain and obvious.  Only morons don't get it.  We have totally fucked up and they are punishing us now.

The ONLY way out of this is for us to offer a sacrifice to them.  Of politicians and bankers.  We may have to keep sacrificing until the birds stop dying.

Jan 6, 2011 5:03 PM

It ISN'T!  there's not going to be a MOMENT where "TSHTF"

People foolishly thought because the statement "the collapse of Rome" takes a second or two to read that the ACTUAL collapse of Rome took a second or two.  It didn't; the thing took centuries.

Even Weimar played out over years.  Life goes on even if the banks lock up.

Jan 6, 2011 5:10 PM

Disfuckinggusting.  Daley?  The legacy of a crook.

From unions to politics to JPM???  WTF.  Sprinkle in a dose of family nepotism and interlocking executive and you have a fucking catastrophe.

TPTB are now the kids of the last set of PTB...and there are probably lifelong democrap voters lining up to lick Daley's asshole and worship the spawn of their King

Jan 6, 2011 5:13 PM

why, does TD send you a fucking bill based on how many junks you accrue?

Who gives a shit who is junking posts?  There is no consequence to it

Jan 6, 2011 5:13 PM

one would have expected average IQ to be falling over the past 30, 40, 50 years, and the opposite has occurred

Jan 6, 2011 5:17 PM

I continue to utterly marvel that you people are so fixated on this junk thing

Jan 6, 2011 9:49 PM

The Repugnicons are idiots.  They won't even entertain the notion of cutting their sacred cows of wars and the police state and all the trappings of "law enforcement" or the military.  Hell no...cut everything else to 0 but don't stop the drug war or the iraq or afghan campaigns or in any meaningful way reduce the DoD.

The GOP would have our government budget resemble North Korea's.  The democraps may spend like heroin addicts, but the repugnicons spend like crack addicts.

Jan 6, 2012 1:25 AM

how are miners going to be crucial for commercials after "Comex busts"?

Jan 6, 2012 1:35 AM

fuckin I knew usenet was the shit, but didn't know it could function as a spirit medium. 

Hubbert died in 1989

Jan 6, 2012 1:38 AM

you should have bitchslapped him and said "stop dealing in the concrete like a cretin; abstractions are for geniuses"

Jan 6, 2012 1:45 AM

do you even comprehend, you idiots, how insignificant oil companies like XOM and CVX are?

XOM is barely in the top 10 in the world.  Any shithole country can expropriate their reserves there with a snap of the finger.

Jan 6, 2012 1:56 AM

there is no such fucking thing as peak "cheap" oil.

You STILL think Peak Oil is debatable?  How many times do I have to tell you people this?  Anyone who denies PO is saying that oil production can rise forever.

Jan 6, 2012 3:47 PM

there are lots of empty shipping containers for which there will never be any use going forward.

Time to start stacking them for homes in FEMA camps

Jan 6, 2012 3:49 PM

where the fuck is the father?

Jan 6, 2012 3:51 PM

they drove the mcmansion phenomenon and large SUV craze too; talk to ones like them all the time, many of whom question just WTF they needed another acre for when all it is is more work to keep looking like ONLY a woman would give a fuck to see.

I never met a real man who gave a fuck if his yard was manicured.

Jan 6, 2012 4:08 PM

what role is that, disposible sex toy and/or sperm donor?

The future is not given to women as patriarchal societies are having more children.

Abiding by women's decisions or even allowing them a choice is a temporary luxury borne of excess.  Evolution did not endow women with decisiveness simply because it's never mattered in all but the tiniest recent slice of mammal history what any female wanted.

Jan 6, 2012 4:09 PM

who cares?  Did you see any men around in that clip?

Jan 6, 2012 4:58 PM

bullshit article by Tyler; PSLV is paper, not silver.

Real silver is not 30% over spot. 

Jan 6, 2012 5:00 PM

ebay is a joke when there are a million dealers out there selling for far less than ebay prices

Jan 6, 2012 5:03 PM

that would make YOU shit, moron.

Get cliff's cock out of your mouth, fag

Jan 6, 2012 5:03 PM

REALLY?  You DID?

You ACTUALLY called PSLV trading at a 30% premium to NAV? 

Pardon me if I recall NO SUCH PREDICTION and the reason I don't is because YOU NEVER FUCKING MADE ONE.

You pathetic weasel.  All of you idiots, Akock and the rest, go to CNI or another major dealer.  See fucking silver at spot+a buck fifty.  100oz bars spot +1.3.

You people are on drugs and mosely-claven, you are pathetic and shameless.

Jan 6, 2012 5:06 PM

nah; the paper price for immediate delivery is higher than the paper price for future delivery.

Jan 6, 2012 7:25 PM

you have some problem with the truth, fuu?

Real silver is NOT 30% premium to spot.  The headline is a lie.

Jan 6, 2012 7:29 PM

My point is thet REAL SILVER IS NOT 30% OVER SPOT?

Was I NOT fucking clear enough when I said "real silver is not 30% over spot"?  Do you need me to fucking say it again before you get the plain language?  Do I need to swear more?  WTF is it going to take? 

PSLV, who cares; it's a fucking ETF that people ARE OVERPAYING FOR.

Jan 6, 2012 7:32 PM

Who gives a FLYING FUCK what a bunch of MORONS on EBAY are charging!??!?!

If you buy from them, YOU ALSO are a moron!  I can give you half a dozen retail sites that will sell to you for less.

Tell you idiots what, I will put up an auction on ebay where I set my reserve price at fucking TRIPLE the price of silver and you can use ME as a data point to make your bullshit claims of "decoupling!!!!!!11"  I mean, LOOK, silver is "selling" for THREE TIMES SPOT!!!!!!1

People are still selling platinum on ebay as if it is worth more than gold, selling Platypus coins as if they are RARE and shit and trying to charge fucking 2 grand for them.

Jan 6, 2012 7:37 PM

you motherfucking idiot...industrial consumers DO NOT BUY FROM COMEX, THEY BUY REAL SUPPLY FROM MINERS.

What is it going to take to get through to you MORONS?

The MINTS BUY FROM MINERS.  EVERYONE BUYS FROM MINERS.  Do you GET THAT YET?  Comex is NOT a silver supply for ANYONE; it is a fucking FUTURES EXCHANGE.

Stop your pumper BULLSHIT, you fucking retard; TEN TIMES parity?  They mine TEN TIMES as much of this shit as they do gold and that is only that low because silver is a byproduct. 

You are so fucking stupid and full of shit it amazes me.  Silver at $16000/oz in today's dollars?  For a metal that isn't scarce, hasn't peaked, has fucking 15x that of gold in the crust and an order of magnitude more compared to Pd or Pt, but it will somehow spike to 16000 an oz.

And you actually have the gall to act as if you're not a pumper shill.  You pathetic, miserable, asshole.  STFU before some starry-eyed lemming listens to you and loses everything.

Jan 6, 2012 7:39 PM

you idiotic FUCK, hedging is SUPPOSED TO BE CASH SETTLED.

Is there a fucking thing you can get RIGHT?

Jan 6, 2012 7:42 PM

this is the best you can do?

Nobody is going to forget how much of a loser you are, cliff, how many times you've fallen flat on your face and made predictions which came up laughably false.

You are a chump in every sense of the word; I find your descent into this type of madness amusing.  You and akock are the most disgustingly passive/aggressive BITCHES on this entire forum.

Jan 6, 2012 7:44 PM

yah and refresh our memory what happened with nickel you fucking piece of shit pumper?

Did it rise 10000%?  mosely-claven is telling you that silver is going to go from $30 an ounce to $16000.  And here you are cheerleading his shit?  Get your mouth off his dick, you fuckin hooker.

Jan 6, 2012 7:45 PM

fuckin people would start using gold too.

But, don't confuse idiot pumpers like mosely-claven with facts; he's not about the facts.  He's about making wild-assed predictions that don't come true but that a lot of gullible lemmings want to hear.

Jan 6, 2012 7:48 PM

So I guess you still have a customer out there then huh?  Get to it bitch.

 

btw, do you think that screaming racist at everyone ENTITLES you to use that type of speech?  Like somehow now you're part black because you hate other white people?

Jan 6, 2012 7:50 PM

Imperfect?

Is this how you respond to customers when they show you a bearing that is cracked in half?  Dude, we just established that this "data" even if it is the ONLY data you can easily get, isn't worth a shit, ok?

Rather than defend a stupid point, it is really more respect-earning if you concede it.  Seriously.

Jan 6, 2012 7:55 PM

mosely-claven couldn't best a fire hydrant.  No matter how many times you suck his cock here, you fuckin hooker, you can't change facts.  Every single prediction he has made has blown up in his face.  He has lost a TON of people a LOT of money from his shameless pumping of a silver bubble, AND YOU HELPED HIM.

Comex doesn't SET the price of silver, producers and sellers do using Comex to hedge as a cash-settlement mechanism.

REGARDLESS of the wet dreams of mentally deranged sick pumper shill motherfuckers like YOU and your ZH love interest.

I know, moron, silver going to "DA MOONZ" is the ONLY WAY you or he will EVER be rich, EVER be "respected," EVER be somebody, instead of a bum which is what you are, let's face it.

The thing is that even if silver did go to $16000/oz (HAHAHAHA) you STILL will not be respected.  You'll both still be the piece of shit bellycrawling bitches that you are now.

Jan 6, 2012 7:56 PM

go to the seller's house with a gun?  re-claw the $3100?

Jan 6, 2012 7:59 PM

they're smart according to themselves.

If you ask me, eh...not so much.  People here aren't the sharpest tools in the shed even if they are marginally smarter than the American Idol crowd.

Jan 6, 2012 8:01 PM

you have a vivid fantasy like, akock.

Get off your knees and get the nuts off your chin

Jan 6, 2012 8:02 PM

PSLV isn't physical.

There is no disconnect.

You did not make this prediction.

You are a loser.

Any questions?

Jan 6, 2012 8:03 PM

perhaps you are too stupid to do so, but please point out anything erroneous or ignorant in my post.

Cliff never predicted that PSLV would trade at a 30% NAV to spot.

Jan 6, 2012 8:04 PM

is this like your call that "hyperinflation is IMMINENT"?

Or is this another "$60 by next week" and when it does actually hit 60, you will declare that you are so superduper smart for predicting $60?

GFD you are just pathetically desperate.

Jan 6, 2012 8:06 PM

no, he gets a happy ending when he comes in your mouth, you fkin hooker.

get his nuts off your chin...seriously, the only person more pathetic than cliff is YOU for being his little cheerleader.  You are like bitch squared.

Jan 6, 2012 8:09 PM

ROTFL...where is the physical you buy at 30% over spot?

Look fuckhead I WILL SELL YOU EVERY GODDAMNED OUNCE YOU WANT TO BUY FOR 25% OVER SPOT.

Do we have a deal?

BTW, his entire post was pointing out facts.  YOU discredit YOURSELF by being constantly WRONG.  Why are you too stupid to figure this out?  How much more money do you have to cost gullible people on ZH?

Jan 6, 2012 8:11 PM

a fool and his money are soon parted

Jan 6, 2012 8:12 PM

yeah, no sense in getting MORE silver for your FRNs.  That's for REAL losers.  Only idiots buy at low prices and get MORE SILVER in their stack.

Your friend should email a picture of his much LARGER stack and btw here's one of me fucking your wife, loser

Jan 6, 2012 8:15 PM

your perversions are disturbing, hooker

Jan 6, 2012 8:19 PM

Do you think it's ok for you to use that word?  seriously?

From the safety of your keyboard, hooker

Jan 6, 2012 8:20 PM

you couldn't name one of the implications, even if it weren't true that other commodities have gone in and out of backwardation for some time now.

Jan 7, 2010 1:15 PM

Nuremberg Defense

Jan 7, 2010 1:20 PM

Agree 100%...we all have blood all over us.

Watch Sin Nombre or Cidade de Deus.  This is the reality of lives elsewhere, but we all picked better wombs than they.

I really don't know what can be done about it, to be honest with you.  Nobody seems to accept real solutions.  I was in the parking garage having a smoke and the people are talking about $53k BMWs they want to buy and all of that...I mean, is it a good time to be spending that kind of dough on a car?  Should one do such a thing?  But, what are you going to do?  Reality or truth alienate people.

Jan 7, 2010 1:25 PM

On the debt's doubling interval of 9 or so years, these figures become $300B per week in 2019.  The national debt will be $24T.

Is there anyone who thinks that the economy is growing at the rate debt is?

Jan 7, 2010 1:26 PM

Did drug cartels IPO?

Jan 7, 2010 10:27 AM

So he steals money that's left out in the open and everybody defends him.  What happened to ethics?  Or even patriotism?

The Holy Dollar rules everybody's lives...that is the only allegiance we have anymore and that is why our country is coming apart.

Jan 7, 2010 11:03 AM

Dealers that don't sell cars made by a company that nobody wants to buy from but is owned by the government.

GM will incentivize every car at a taxpayer loss until the side-effect is that all competition is driven out of business.  And then they will proclaim success, look how many cars we're selling.

Politics has just taken over business...the gov controls the car market, financing market, housing market, mortgage market.  If you like Affirmative Action's decision tree as far as how "benefits" should be apportioned, you will really love this.

Jan 7, 2010 11:07 AM

I'm reminded of Bill Clitton getting busted for campaign finance crookery and proclaiming how that really just underscored the need for significant campaign finance reform.  And with a straight face too...

Jan 7, 2010 11:12 AM

The letter is his conscience talking...there's a syndrome or some kind of psych tell that I can't remember the name of about how sociopaths will frequently kind of crusade against their own behavior.  Some kind of internal dissonance in play.

If Gross feels that strongly about all this, he should RETIRE.  As it is, he's the equivalent of a mafia don opining to the rest of the family about how godawfully bad the rackets are for the greater society.

Jan 7, 2010 11:17 AM

China lol..."moderate"?

What does that mean?

Exponential growth means that if they want to grow at 9% still, they have to DOUBLE their consumption and the building of empty cities in 8 years.  They will need twice as many empty cities, buildings, shopping malls, and idle factories in less than a decade.  They will have to build as much in this 8-year doubling interval as the entire sum total of everything they've built in history.

 

Jan 7, 2010 11:23 AM

Answer: yes.

There is more of them and they will demand it. 

People do not understand what will happen if the deflation proceeds into second gear.  That is what happened in GD1 and the response was brute force inflationary devaluation, by 60%.

The electoral dynamics make the election of someone who will print money and actually heli-drop it inevitable.  The mechanisms of this are already in place through UE benefits and rising gov't employment.

When the productive economy has been destroyed, and everyone is a gov't worker, ONLY printing will provide nominal revenue.  There will be no tax base.  We're kind of already there in a way.

The government will avoid de jure default by any means necessary.

Jan 7, 2010 11:26 AM

still too expensive.

housing prices need to fall by half at least and then normalize around that.  Homeownership should not imply lifelong debt peonage

Jan 7, 2010 11:30 AM

This is the Fed's problem.

Dollar devaluation needed to stave off the deflationary implosion will make real assets, such as oil, increasingly expensive, thereby reducing free cash flow for credit service.

There is no two ways around that housing prices HAVE to fall.  The problem is that the synthetic economy used too many of them as material event triggers in the derivatives.

Only runaway inflation could convince someone to lever up right now.

Jan 7, 2010 11:33 AM

World record household debt and an economy that depends upon China building empty cities.

They basically already spent 10 years' worth of expected growth.  Look at Australia's metrics and you see a country that has significant structural issues.

Find an energy exporter; all things revolve around that.

Norway or Brazil are my list, each with significant advantages and disadvantages.

Jan 7, 2010 11:36 AM

Two problems:  one, the rich and elites do FAR FAR FAR better in inflation than deflation.

That is because they are the most levered.  Look at the concentration of wealth since BW was abrogated.

Second problem:  deflation will destroy the US as as sovereign.  This may not be undesirable to some in power right now, but it's not going to go over that well with everyone.

A bond market collapse is hyperinflation.

Jan 7, 2010 3:22 PM

Buy companies that pay dividends and produce real stuff.

Cell providers in 3rd world countries make money

Jan 7, 2010 3:25 PM

then there will be...trouble.

The Nabucco/Turkmenistan situation is a good example of how this works.  Nations scramble to acquire their share of finite production.  Once the x Bcf of gas production is going somewhere else, you simply have no supply.

Has gas run out?  Nope.  Just yours has.

Export land model historically has meant that nations go from peak to no exports in around 6 years.  Mexico's transition to importer (and consequent collapse) is right on deck.

Jan 7, 2010 3:34 PM

Property bubble, .com bubble - California.

The notion that they overpay in taxes is illusory.

Inadequate taxation when you're already one of the highest in the nation is absurd.

Jan 7, 2010 3:42 PM

Yeah, what the fk economy is HE looking at??

Freakin EUE keeps going up and up and up.  WHAT growth?  The GDP print would have been 3% lower if not for fudging and massive monetary stimulus!

These bankers and economists are on some kinda drugs man.

A rate-raise to 4% would crush everything.  There isn't much OUT THERE that can produce that type of return anymore!

Jan 7, 2010 3:48 PM

So the Fed's debt is going to compete in the marketplace with the USG's debt?

This one will not go any better for the goldsmiths than it did with King Charles.

Don't we already HAVE Fed Debt...the FRN?

Jan 7, 2010 4:05 PM

Everyone here should read up on King Charles the 1st, the Bank of England, the English Civil War, and tally sticks.

It provides some illumination as to some of the dynamics in play.

In short, Charles busted out the moneychangers by invalidating their tallies, so they financed a revolution which culminated in his execution and the foundation of the Bank of England, a private corporation for 250 years, for which original shares were purchased with...tally sticks.

It's interesting how, through the generations, the same sorts of scumbags have the same sorts of ideas and run the same sorts of cons over and over and over again.  And things always seem to end up bloody.

The American Founders grew up in this BS and this is why we have a bimetallism standard in our Constitutions (Latin Metal Union) and had no central bank.  But, despite this, these bankers' kids and grandkids and great-grandkids just kept coming.  Rothschild was not alive in 1913 to see his company become a founding shareholder of the NY Fed, but for whatever reason, these crooks seem to just keep breeding and they never quit.

Sometimes the populists win, but not over time.  For every throwout or purge of the banking clan/class, they just seem to keep coming back.  Victories against them do not seem to last.  I mean, how long was it between Andy Jackson and the Fed Act?  60 years?  Meanwhile, the BOE was private for 250...how many generations is that?

Jan 7, 2010 4:34 PM

All these guys care about is the spread.

Real Bills Doctrine puts an end to the sovereign debt trade, that is why anyone who tries it gets assassinated or an immediate war.

The elites borrow from the CB at 0% and lend to the government at 3%.  It's a good trade of free money riding the credit inflation wave.  If heliBen were to print up everyone a million dollars, they profit from inflation because they get their million before you do.

Money should not be owned by banks; this situation is an abomination that has led to more wars, deaths, ruin, the Holocaust, than any other.  Let the producers who dig up oil, gold, coal, farm for food or create things be the capital that finances expansion, not some parasitic banking clan who monopolized the gold market.

Everything that is occurring is to protect the creditmoney fractional banking racket, which has been institutionalized since the 1600s and goes back even to the time of Jesus.

Jan 7, 2010 4:38 PM

How in the hell did we ever let hacks such as these people control our money supply?

GFD they did this shit 300 years ago, when England came out of a state of perpetual war 140M pounds in debt to the BOE.  And they taxed the bejeezus out of every colony and everyone they could, trying to make the masses back into feudal serfs, precipitating the American Revolution and god knows how many major wars.

And here we are in 2010 reading from the same script.  Enough is enough.

Jan 7, 2010 4:40 PM

Things are more fucked up.  Go read about "peak oil" and you'll feel even worse, trust me lol.

We are basically at an end of 400(?) years worth of where the creditmoney fractional reserve racket can function.  Like it or not, this thing is going to come undone.

Jan 7, 2010 4:56 PM

Short GLD?  I mean, what?

Jan 7, 2010 5:10 PM

so...what, short GLD?

Jan 7, 2010 5:16 PM

Uh...the 737 they're selling now is completely redesigned.  It's not the same airframe.

Jan 7, 2010 5:42 PM

This would be a spec trade looking for a correction similar to the last "good" UE news we got.

I don't see how the gov't can fund and survive with a rate blowout.

If we're about to hit the reprise of 1930, then bonds and stocks will crash together...np, then, it's easy to make money shorting when everything is going down.

But the regionals action plus CREITs seem to suggest a FF&C backstop on CRE, and this is nothing if not inflationary.  I don't see how they can raise rates in this economic and deficit climat, but in the meantime I'd like to make a few high probability spec trades to make up for the apocalyptically bad 2009 I had short.

Jan 7, 2010 5:46 PM

A more pressing question is whether the bond mkt is about to do it for them.

Watching shit stocks like ZION blow up 12% per day is pissing me off tho, as is seeing SPG at nearly 80.

Under no circumstances would I sell physical, but I would short GLD if it looks like a good trade.  But lately, you can't win shorting anything.

When the BOJ made commentary about one-way trades, a rate hike was forthcoming...I just don't know here wth is going on

Jan 7, 2010 5:53 PM

Huh?  The problem is that people think putting money in a "savings" account is an investment, that money has the right to make more money.  That's inflation.

Savings is supposed to be either savings or invested in a producing venture like a *real* investment.

There is no right of money to just grow as if by magic by putting it into a bank.

Jan 7, 2010 6:01 PM

Export Land Model average time from peak to importer is 6 years...Britain and Indonesia are two recent data points.

Mexico's time is about up.  We are in Iraq for this very reason...Mexico was #3 import supplier.

Jan 7, 2011 1:14 AM

Well, so 42k factories closed since 2001, huh?

Can anyone point me to where prices DECLINED as a result?  I mean, during this whole outsourcing effort I haven't noticed prices having gone down at ONE POINT EVER.

I certainly HAVE noticed massively INCREASED profits for corporations and concomitant massive increases in executive payscales....it's enough to make you scratch your head at where the money actually went.

I hear nonstop bullshit about how union people are overpaid or how the minimum wage is too high or we should all go work in sweatshops, or how without outsourcing all of our products would be twice as expensive (same bullshit with the illegal crop pickers).  But, then I must look at price tags and I've seen them continue to go UP as outsourcing has continued.

This is REALITY.  Outsourcing made EXECUTIVES rich.  It did not save any of US any money.  I've used this example previously...I have one of the last DiLonghi radiators made in Italy.  The next year, they moved production to China, probably realizing a HUGE decrease in labor costs.  So imagine my surprise when the pricetag was the same as previously.

Anyone who says protectionism is bad is a fucking moron, plain and simple.  ALL of the other economies are using protectionism wantonly.  And we get shit like NAFTA, whose purpose was to facilitate labor arbitrage for the benefit of EXECUTIVES as well as to streamline drug money laundering.

WE have not realized a gain from outsourcing, the EXECUTIVE CLASS HAS.  We pay the same fuckin money for a chinese-made Dell as a US-made one.  My kids have stuffed animals made in china and the US - same price.  The only difference is in how much profitability the corporation selling the products realizes and consequently how much its executives bonus themselves for a "job well done."

Jan 7, 2011 10:02 AM

well, at least it wasn't -500k, eh?

Jan 7, 2011 10:10 AM

Go fuck yourself, uncle tom.

what he said was correct

Jan 7, 2011 10:14 AM

complete bullshit.

The reason Africa doesn't have good governments is because of Africans.

There are diamond mines in Australia; no civil wars there...ETC.

Stop blaming white people because our societies function

Jan 7, 2011 10:16 AM

Jesus fucking christ, this is the most ridiculous bullshit ever posted.

Then what the fuck happened to India or Australia?

The West is NOT TO BLAME for the failures of Africa.  The west brought electric power, modern medicine, and the written word to Africa...without the West, Africa would be still in the stone age.

You DWLs make me want to puke.  Open your fucking eyes and stop being a miserable little weasel.

Jan 7, 2011 10:17 AM

the american middle class has an IQ 20-30 points higher than the average African

Jan 7, 2011 10:21 AM

WTF...the WEST didnt LEND Africa money?!?!?

Who the fuck lent the West money?  God?

JFC, you DWL white pukes make me want to vomit with your blame whitey first mentality for EVERYTHING.  Right, NOTHING can be the fault of Africans.  ANY time an African fails at ANYTHING, it is a WHITE PERSON'S FAULT.

Ethiopia was comparable to Egypt, huh?  Must be why there are all those massive architectural monuments there...

Jan 7, 2011 2:36 AM

Huh?  Profits don't go to owners/shareholders.  they go to executives.

WE as a country are shareholders too, and it is in our interest to maximize our national profit, then.

Anyone can play this game.  So, we should prevent executives from doing what they do.  Right?

Jan 7, 2011 2:43 AM

of course it didn't.  I was just in Colombia.  I went to a higher end clothing store and saw shit made in china next to the same shirt made in Colombia for the EXACT SAME PRICE.

There was no benefit to US for this outsourcing, so WE should all band together like we did when we unionized and fuck the executive class in the ass, take their goddamned money and divide it up just like unions did.

That's WHY executive payscales used to resemble something reasonable.

and before some moron comes in here with their phony laissez-faire stupidity, corporations BUY political power to faciliate themselves, so why shouldn't those opposed to corporate acts buy or use political power too?

Corporations use power to buy and divide up what is not theirs, getting taxes in their favor, eminent domain, favorable laws, regulatory treatment, slaps on the wrist for completely destroying the entire financial industry, committing rampant fraud, etc.

So don't lecture me on fucking the morality of what some might call STEALING.  Unions merely outfoxed capitalists at their own game.

Jan 7, 2011 2:58 PM

yep...and I'm yet to see a woman up in a highrise building it, nor in one of those buckets by the high voltage lines when the power is out.  Haven't seen a woman picking up trash (gfd what a hard job), still a 5:1 M/F ratio in engineering schools even with the massive crisis-level "outreaches" they do.

When mines collapse, either WV or Chile, where are the women?  You got one token chick on "ax men" and she flat out can't cut it.  If you want to compare "production" versus "service," your M/F UE ratio tells the tale.

Jan 7, 2011 4:22 PM

You are a retard apologist for a plutocrat class.

The government can TAX those executives whatever they can get past the citizenry.

It's all profit, ain't it?  If I can DO IT, to "get ahead," I should.

That includes using the government to appropriate all the wealth of the plutocrats.  And yours too, just for failing to be able to see analogies.

There is no longer any shareholder control of corporations.  Otherwise there would be DIVIDENDS instead of all the profits going to MANAGEMENT.

By the way, don't put words in my fucking mouth like "profits" are a dirty word; that's horseshit.  Executives conspiring to STEAL PROFITS is the system WE HAVE NOW.

And people like you with your asinine laissez faire nonsense come in and DEFEND IT.  If corporations can buy political cover so that the executives who run them can maximize their own bottom line, even at the expense of a SOCIETY at large, then FUCK THEM.

We should have our military and State department stop providing their protection.

In your world, the capitalists are the good guys and labor is the fodder.  Meanwhile you drive on all these socialist roads and post bullshit tripe to me on a socialist internet.  GFY

Jan 7, 2011 4:25 PM

FU

Those companies can sell on their OWN ROADS, use their OWN ELECTRIC POWER, and their OWN INTERNET.  Instead of availing themselves of all these socialist edifices.

I would agree with you if shareholders hadn't been STRIPPED of power by a revolving door between the political class and the executive class.  Owners MUST force disgorgement of profits to OWNERS.

But until that happens, shareholders and the society at large must employ the SAME POLITICAL TOOLS as the executives have used to enrich themselves.

Jan 7, 2011 5:15 PM

100% correct.  Was just thinking about this last night...Daley's not a fucking banker, he's the spawn of a political crook.  A job at JPM means one of two things:  either he is being paid back by them for something he has done as far as a favor or he is being paid for something he will do as far as a favor.  The guy knows fuckall about banking or finance.

Jan 7, 2011 7:28 PM

CHS is correct on this...all my experiences with so-called elites have matched his.

There is definitely a legacy elite with political connections and they all believe that their shit doesn't stink and you should not complain about your station in life, as it is your parents' fault that you are not one of them.

They are all wannabes, but they BE the aristocracy.

Jan 7, 2011 7:30 PM

yep.  Merit is actually a drawback.  Merit means you will call bullshit on consensus and people will ostracize you for dissenting and then again when you are proven correct.

Jan 7, 2011 9:56 AM

Fuck austerity...that is code for pay the bankers back the money they never had but lent anyway, plus interest.

Fuckit, print it.  Nothing can change this outcome

Jan 7, 2011 9:57 AM

look at the male vs. female rate within the data; it tells you pretty much what you need to know

Jan 7, 2012 1:24 PM

what is possibly to be gained by all of this?

Jan 7, 2012 12:19 PM

yeah....one thing that's true is that the decrease in economic activity should lead to a reduced amount of dollars going to other nations to buy stuff.  Perhaps that is the discrepancy.

This reduced dollar flow *could* be causing some stresses in places where dollar funding is required to service dollar debt.

Jan 7, 2012 12:21 PM

relax; I've seen that a million times.  More likely is that the bank has a different process for stocking ATMs than the counter.  They probably take cash in magazines or something for the new ATMs, instead of loading it themselves.

Jan 7, 2012 12:27 PM

rules don't apply to government officials.  The more absurd they make the rules, the more the regular people will just violate them anyhow.

The arrogance of these governors is amazing.

Jan 7, 2012 12:34 PM

For the life of me, I have NO idea wth all this hype is over the freakin Mayan calendar.  It barely predates the gregorian calendar.  The jewish calendar is still going after far longer.  The Mayans built a 700-year calendar..whoopie sh!t.

The mayans reached their height in 1300 *AD*.  Not BC.  Because of how primitive mesoamericans were, I think there is this tendency to judge them against civilizations at similar levels of advancement, and then mistakenly assume that they made those achievements at the same time in history.  Error.

The mayans were a late stone age/early bronze age civilization at peak in 1100-1300 *AD*.  They did not achieve what they did contemporary to early sumeria, 5 or 6000 years prior.

So they built a calendar that lasted all of 800 years or so...big deal. 

Jan 7, 2012 12:35 PM

so a bunch of you packed the vote and you think this means what...?

It's not representative of anything.  The poll is not scientific nor controlled in any manner.  It's statistically worthless.

Jan 7, 2012 12:37 PM

people thought their choices couldn't get worse than last time; they're about to be proven wrong.

Busch 2.0 versus Mormney...this is a real FML moment for americans.

Jan 7, 2012 12:40 PM

please don't put the Egyptians and Mayans in the same sentence.  These two civilizations were 4000 years apart.

Put the Mayans in with the Ottomans or Magna Carta or something for which they were contemporaneous.

Jan 7, 2012 12:41 PM

google Bernays

Jan 7, 2012 12:49 PM

ROTFL...there was a FrontLine episode on NAFTA many years ago (back when anyone gave a shit about NAFTA and how the industrial base was collapsing as a result) and the government and its bank auditors had found something like $30 billion in unaccountable funds in border banks on deposit.  Parked.  Done.  Kosher cash now.

WB got busted for allowing wires out the yinyang...nice fee machine they thought they had. 

Nobody goes to jail of course...corporations are persons only when it benefits their executives.

Jan 7, 2012 12:53 PM

cash above certain amounts already is.

There is a cash smuggling operation that runs in reverse of the drug smuggling operation.

Drugs flow into the US, cash flows out so that the cash can take advantage of laxer deposit and laundering rules in Mexico and latin america.  Just deposit money there and it shows up as equivalent deposits in a branch of the same bank here.  You may have to pay the bankers there a cut, but NAFTA ensures that cross-border banking must be respected.

Jan 7, 2012 4:07 PM

utilities did pretty well...totally defensive, risk-off year lol

Jan 7, 2012 5:38 PM

in terms of large asset class, yeah.  My personal accounts that I trade did very well, I hit some homeruns on some energy stocks, specifically Trilogy Energy I got into at 6.2.  The MLP class did pretty well.  It is the 401k mutual funds that blew chunks.  And to think that all of us pay these people to do worse than we can do on our own.  Would have rather had the whole pile in KMP, at least it pays a dependable yield.

Jan 7, 2012 5:42 PM

yeah, there are a lot of issues out there, if you can pick good stocks, that did very well.  I've only had a very few losing trades on these types of things lately, due to geopol risk on miners.

Jan 7, 2012 5:54 PM

i would like in on owning some bridges lol

Jan 7, 2012 6:11 PM

it takes a lot more to make a truck these days in terms of shit that goes into it.

The cars of yesteryear were far simpler but ZOMG they didn't have 3 point belts with airbag curtains and a few more people died as a result.

Jan 7, 2012 8:05 PM

gonna need to short the piss out of EU banks too

Jan 8, 2010 1:11 PM

I wonder how anyone can be surprised by these graphs...ALL of the job growth was in FIRE and homebuilding.

All of the builders, RE pimps, mortgage people, debtspinners...they're all out of work.  And the securitization business is dead and never coming back.  I mean, shit, we just lived through a national ponzi and all the people employed in that ponzi have seen their jobs die in the collapse.

We've systematically hollowed out our economy for decades and replaced lost productive jobs with government and FIRE

Jan 8, 2010 1:15 PM

Bullshit.

There aren't any jobs out there.  Freakin McD's is getting 600 applications for every job.  Everyone is.  Read the news blurbs on the floods of applicants for every new position anywhere.

Blaming this ponzi on the little people is asinine.  The little people didn't run the Fed or Wall Street.  THEY needed this credit growth.

The size of the residential mortgage market gamed by NINJAs is DWARFED by the size of the synthetic debt markets.  The NINJAs were only the tip of the iceberg, the physical signature that was the only nexus to the real world for a pyramid of bullshit leverage and credit.  Foreclosures are clawing back the gains of NINJAs, where is the clawback for the entire rest of the credit foodchain?

The notion that the little people just need to run faster on the treadmill to get themselves out of debt is absurd.

Jan 8, 2010 1:21 PM

No, no no...

the "corporation" doesn't make money.  The EXECUTIVES do.

Fucking OUTSOURCE THE EXECUTIVE CLASS.

Look at the CEO-to-average pay multiple, there is what has happened.  The true owners of corporations have ceded control of them to management.

The corporations are owned by the little people, all the pensions, 401ks, mooch funds.  They are the ones who MUST FORCE CHANGE.

The corporation is incorporeal...it is people WITH souls at the top of the executive class foodchain who are doing this shit and paying the "profits" to themselves as bonuses.

Think about it...a manager can game the numbers and take home $20M in a bonus and the company collapses in 3 years and he's gone or he can be real and get a $3M bonus each year for a few years...what's he going to do?

There is NO penalty for fucking lying, cheating, stealing or anything if you are a member of the executive class.  I know some of these people, they live an essentially consequence-free life!  And the world is their oyster.  Their kids get hookups.  It's a big family of backscratching among people who believe they deserve it at your expense.

Jan 8, 2010 1:24 PM

This is the PROBLEM!

Shareholders are the OWNERS!

Has ANYONE here owned a business?  Did you let your MANAGERS take home all the profits of YOUR business??

The notion of entitlement to executive bonuses- FUCK THEM.  They are systematically taking every goddamned dollar.

BACK to the days of DIVIDENDS, god dammit.

Jan 8, 2010 1:26 PM

I can corroborate this.

I too am in IT and was out of work for 7 months.

I will not work with firms who are staffed by indians.  Period.

Jan 8, 2010 1:32 PM

B I N G O

Does anyone think the brazilian or mexican elite give a fk about how many people live in favelas?  They don't care about the middle class either.  Screw everybody.  They are about collecting as much for themselves and their dynasties.

The interlocking executive class in the US has turned every corporation into their own personal ATM.

When are the owners of these corporations going to revolt?  How fucked do they need to get by these lying, stealing, cheating freaking thieves before they stand up and elect their OWN directors instead of the CEO's golf buddies and executives of corporations on which the CEO sits on their board???

Jan 8, 2010 1:40 PM

This is the truth but the masses are too stupid to see it.

You need to see the home of a Democrap Lobbyist I know who was in a senior position in Clitton's White House.

No recession there.  None.  At all.  Banner years.

Anyone "connected" is living the good life.  The difference between us and Brazil is that we have fatter UE bennies to keep people placated, but placated they are.

They've got everyone convinced it was NINJAs' faults what happened, that we're just "unmotivated" which is why we're broke and jobless, while their kids prance around like they're geniuses to have inherited all that money.

I figured out how things worked when I was in a senior partner's office temping as a hardware tech fresh out of law school studying for the bar and the partner told me about how his friend, the Atty General of Arizona had offered the partner's son a job.  Wasn't asked, just basically, when he's ready to start work, send him out here.  I couldn't get people like that to answer a phone call and here they come offering a connected kid a job.

Nepotism is everywhere.  Dynastic wealth is an anathema to America

Jan 8, 2010 1:48 PM

Same thing is true for every executive.

They complain about labor costs, fuck them...we hear daily about how every exec must be paid ever-more otherwise they're going to lose the talent that ran the company into the toilet.

Outsource the executive class.  Disgorge corporate profits as dividends to the OWNERS.

Nobody who runs a business lets their management keep all the profits by making a "management decision" to bonus it all to themselves.

The unions didn't kill GM, all the shitty products did.  Unions didn't come up with the Aztek.

Jan 8, 2010 1:54 PM

There are jobs for the children and relatives and buddies of the connected class.  I personally know some.

They picked the right womb.

What is most disgusting is their constant smug sense of superiority and entitlement even though their own merit had exactly zero to do with their favorable circumstances.

I had a business partner who was a National Merit Scholar, old guy.  It got him into Harvard a long time ago.  I, too was a NMS...that plus $.50 gets you a dialtone these days.  Merit doesn't cut it, family and political connections do.

Our nation is already Brazilified even though people don't recognize that.  The executive class has no sympathy for anyone born into unfavorable circumstances.  Their only goal is to make themselves as rich as possible and live the good life and f#ck you.  The arrogance of these people is seriously enough to make you want to punch their lights out after a few hours around them.

Jan 8, 2010 2:23 PM

You're never a client of Goldman, you're always on the menu

Jan 8, 2010 2:26 PM

Switzerland has never been really safe.  Jews in the 1930s thought it was and the Swiss handed over their property, accounts, gold, everything to the Nazis.

Our sovereign has as voracious an appetite as the Wermacht ever had.  Expect fractures to start to develop between gov't actors and the financier class

Jan 8, 2010 2:28 PM

So the emails from TGeither@ustreas.gov were not from him?

Jan 8, 2010 2:30 PM

yeah, wow, some sudden big moves

Jan 8, 2010 2:35 PM

No, no...all the legacy rich and connected people i know tell me that these people are just unmotivated, unlike they themselves, who worked real hard to be born into a rich womb.

Guy who lives in a $10M house said at the party, "I just don't see a housing crisis, all the people I know, all my friends are full speed ahead."  This was in 2008.  Total lolz at that.

We just need to scurry faster on the hamster wheel to get where we're going.

Jan 8, 2010 2:38 PM

Also, productive enterprise has to compete with FIRE ponzi enterprise.  It can't.  That's why all the jobs and industries migrated.

Who can compete with an interest that gets to borrow from the Fed at 0%?  Their cost of "capital" is free, yours...sheesh, good luck with that business loan.  They'll require REAL collateral and crawl up your ass to value it.  If you're a bank, you can write "Toxic CDO" on used toilet paper and M2model it at $100M and swap it for FRNs.

Jan 8, 2010 2:45 PM

I've been a contractor since 1997 or 96.  Every time I've had a sudden job dislocation, I've put my resume up on Dice or something and had to take it down because the phone rang too much.  I would get calls within minutes and the thing would start ringing off the hook.

Gov slashed a big contract I was on last april and so I waited around to see if the stopwork would get lifted and it didn't.  Started looking in May.  Entire MONTHS went by without a callback.  I had to start actively hitting up recruiters.  I'd send in, they would not call back.  I would call them just to see if they got the resume and their attitude was if we need you, we'll call you.

Had never seen ANYthing like this, ever.  My typical out of work time was usually no more than a few weeks, sometimes less.  This time, 7 months.  I came close early in the search but there was always much more of an applicant pool this time around, a lot more people for them to choose from and extract rate concessions etc.

There was nothing out there in the middle of the year, I finally got reengaged in October.

Jan 8, 2010 2:52 PM

I did know people and it didn't help me much either.

Everything was just at full-stop.  So don't take it personally or start second-guessing.  I had a resume that used to be so good that I couldn't leave it up on a jobsite because the phone would ring too much.  Now?  LOL.  I would actively hit up req's and hear nothing, not a single ring of the phone, for entire months last year.

I ended up landing something because of being on Dice, but the market right now is absolutely pathetic.  I continue to get req's from other states and there's work for a time if you're willing to move, but my kids are in school and I'm it for them.  I am not ready to start dragging them all over and moving every 6-12 months.  It may come to that though, who knows?

I was looking at taking a 40% paycut to land something "right now." 

Connections can help but not if they aren't sufficient to carve a slot out for you

Jan 8, 2010 2:54 PM

This quote seems to have omitted the "forceful" part right before "conversion"

Jan 8, 2010 2:55 PM

JFC, I was ranting about this on TF months ago, Douchinger is again late to the party.

 

Jan 8, 2010 5:22 PM

Yes...consumers without income do not borrow.  Banks do not lend to consumers without income.

Simple as that.  Until/unless the Fed is going to lend to us at 0% and not expect to be repaid because we the little people do not have jobs, then consumer credit will continue to contract, impacting all the synthetic bullshit pyramided atop it.

What will occur is that the government will attempt to stand in for the consumer and borrow to maintain credit growth for as long as they can; this is the Keynesian stimulus answer.  It's really not about "aggregate demand" per se, but about maintenance of the credit ponzi's need for continuous growth.

Jan 8, 2010 5:28 PM

Fundamental misconceptions abound:  debt is not investment.  It only is so long as you assume aggregate growth to repay the loan.

The contractionary future imposed by energy peaks and declining EROI mean that lending in the aggregate is foolhardy as an economic proposition.  Thus, speculation and leverage but nothing else.

We got used to borrowing as a means to fund future production - in fact China is this writ large - instead of using productive savings to do so.  Everything revolves around an attempt to get risk-free return, to have money make money by being idly parked in some "vehicle" which pays a coupon.

The contractionary nature of the post-Rome world is why debt usury was outlawed.

All debt needs to be converted to equity, and the notion of lending to a government to be backstopped by inevitable GDP and tax receipts growth brought to a final conclusion.  This means we have to destroy central banks and revert to Colonial Scrip which was a Real Bills Doctrine currency regime.

Banking is a racket...money should not be permitted to "make money" without risk or based upon a presumption of perpetual growth.  Every experiment with Central Banking or lending to sovereigns has ended with a gigantically indebted sovereign and a need therefore for growth and strangulatory taxation.

Jan 8, 2010 5:33 PM

I used to argue this meme on TF...if you will not borrow, the gov't will step up and do it on your behalf whether you like it or not.

This is the Argentina Model.

Jan 8, 2010 5:47 PM

Run faster, little hamster

What are they gonna do if we get off the wheel?

Jan 8, 2010 5:57 PM

I am almost to the point of basically cashing 200k or more of IRA out and saying eff you IRS.  I just need a brazilian wife and a couple plane tickets

Jan 8, 2010 5:59 PM

No, he wasn't.  I was the main inflationist and seizure proponent on that forum for a couple of years under various usernames because he was banning anyone who was inflationist, believed in the "religion" of Peak Oil, and who liked gold

Jan 8, 2010 6:05 PM

First time Douchinger banned me was for arguing the inflation case and that they would print or QE.  This was like in 2007 or something.

Everything I argued would happen, did.

Then he banned me again for talking about the oil peak.

Even the last time I went back on there on a monetary thread, I had to deal with deflationist condescension from his acolytes who said "you are disagreeing with the host." TF is a cult forum.  You toe the line or else you get gone.

People over there routinely bring stuff up far in advance of his doing so.  But then he puts it in a TICKER and all his breathless nuthuggers proclaim how brilliant it all is.

Jan 8, 2010 6:12 PM

hate is such a strong word...

If the guy didn't run a cult forum where he bans dissenters, then I wouldn't call him a douche.

The last time I was on there I got a 30-day posting restriction in Soft Commodities because he told me Peak Oil was religion and I responded with "you're right, KD, oil production can continue growing exponentially forever."

The dude can't stand bein shown up, so I call it how I see it.  The first time I got banned, I had half a dozen posters send me PMs sayin I had backed him into a corner in the argument but to watch out because he's known to sack accounts.  I ghostwrote stuff under others' accounts that ended up in his freakin tickers...did I get an attribution?  No.  So, yeah, Douche.

Jan 8, 2010 6:30 PM

So basically you are saying I am right to call him a douche?

Jan 8, 2011 10:12 PM

Listen, you stupid fuck, there is a difference between your hysterical, retarded shit and the TRUTH.

Who said I watched EITHER of these clowns?  I have seen both of their programs, I have actually watched all of these idiots a few times, Madcow, Olbermoron, and Beck...Cannity and blowhard the Irish.

What you said was that Beck was a hate-fest.  What you said is a LIE.  You fucking got that?

When challenged on your statement, you resort to backtracking, strawmanning, and a host of other logical fallacies.

It doesn't matter whether I am a fan of the moron Glenn Beck or not; what you said is FALSE.  So you either PUT UP or shut the fuck up.

Glenn Beck is a MORON, not a hater.  He's a moron, just like you are.  The problem with you is that you are too STUPID to figure out that if I challenge YOUR statement, I am NOT endorsing Glenn Beck!  I can despise him fifty TIMES as much as you do, and your statement would STILL BE FALSE, you fkin idjit.

Jan 8, 2011 10:16 PM

wow, you are stupid.

Jan 8, 2011 10:18 PM

well that certainly explains your hardon for glenn beck.

Wait, at what point did anyone here endorse Glenn Beck?  Oh that's right, nobody did.  He's in your head, Glenn Beck has punked you out, bitch.

Now bang those cymbals some more, monkey

Jan 8, 2011 10:19 PM

24/7/52

Jan 8, 2011 10:22 PM

too bad RE wasn't there with her

Jan 8, 2011 10:26 PM

you sound semitophobic

Jan 8, 2011 10:29 PM

um...first off, we don't have a democracy, and what we do have was built on violence.

Jan 8, 2011 10:30 PM

next stop, HOLOCAUST, right paranoid tribers?

Self-deception and paranoia are a lethal mental cocktail

Jan 8, 2011 10:32 PM

so the gov was just waiting for an excuse, eh?

Then, how do you suppose this sinister government is going to be stopped?  Lots of talking and flowers?

Jan 8, 2011 10:35 PM

CASH?  ROTFL.

Cash will be worthless long before gold is.  You must be too young or stupid to look around the world at the history of paper currencies just in the BRICs alone...

Jan 8, 2011 11:00 PM

I predict the government is going to show its teeth now...everyone going forward is going to have to be awfully circumspect about advocating violence.

Especially with the recent focus on this notion of "domestic terrorists" and the DHS's slant on it.  I mean, this guy fits Napolitano's definitions, the gold, the anti-gov writing, the war veteran angles.  The FBI will doubtlessly be poring over all the talk in the blogosphere and on sites such as ZH that feature articles critical of US policy or where membership support such figures as Julian Assange, and where people openly discuss the possible necessity of armed rebellion.

The police don't give a crap about anybody; they defend the system above all else and gleefully follow orders.  I mean that G20 footage from CANADA of all places shows all you need to know.  Those cops happily followed illegal orders from supposed "leaders" and defended themselves with the Nuremberg appeal.

The mantra going forward will be "work within the system if you want change."  "Vote if you want to make a difference."  "Call your representatives."  Hell, you can't even fucking peacefully protest any longer without having G20 shock troops show up and bulldoze you, and the "system" is set up to destroy any attempts at real change.  All you say is true and there appears to be no way out.   Those who go out on a limb as the tip of the spear of change will probably be serving lengthy prison sentences while they wait for this change to manifest.

Jan 8, 2011 11:07 AM

HUH?  God damn you people have sandy vaginas.

How does someone clicking junk diminish your words?!?!

Jan 8, 2011 11:09 AM

thank goodness that blacks and women have been so historically prodigious in advancing society by technological invention and whatnot.

Diversity and multiculturalism are suicide. 

Jan 8, 2011 11:13 AM

Open source encrypted EM and IMs...here we come.

In the meantime, DO NOT USE the services of any of the companies hosted in the USA, I guess.

Jan 8, 2011 11:43 PM

none but I do have a couple of nice lampshades har har har

Jan 8, 2011 12:18 AM

hire them for what?  Thugs from Watts would rob you blind and stuff your remains in a dumpster.

Jan 8, 2011 12:23 AM

JFC...22%??  If there were a non-minority group with this type of overrepresentation, the DWLs would be screaming for an Inquisition.

God help you to get into these schools if you're just white.  They let the jews "count" as white so that they can admit the necessary legacies and then they drum up as much "diversity" to fill out the class as they can.

There is now a dearth of regular european whites at these institutions compared to their share of population.

Jan 8, 2011 3:16 PM

um...how do we know he was actually shooting at HER and not someone else?

JFC, you freakin monkeys, stop rushing to judgment.  Wait for facts, then analyze.  If you are incapable of that, STFU and wait for one of us who can to do it for you.

GD bunch of hysterical bitchez

Jan 8, 2011 3:19 PM

I neither NEED nor WANT the government's help in "keeping me safe" in cyberfuckingspace.

They can GFT

Jan 8, 2011 3:25 PM

Spybook amazes me...how people carry on private conversations with everybody watching, they post pictures of their entire lives, locations, families, etc. all over the thing.

Do these people piss in public?  It kinda reminds me of how people start to act in cube farms; they have private telephone conversations audible to a dozen people.  People really start to behave like sheep in a pen

Jan 8, 2011 3:47 PM

In no way dispositive.

EVERYONE here is inserting their OWN motivation for the shooter's.

He may very well have just decided to run up on the first crowd he saw.

Stop the effing wild speculation and conjecture and let the facts come in BEFORE passing judgment (and declaring TEOTWAWKI) is all I am saying.

Jan 8, 2011 6:25 PM

gfd, who the fuck ELSE is going to have a fucking statement on this matter?

Who gives a shit at this point?  Old news.  People got shot, so what

Jan 8, 2011 6:27 PM

Beck's a hate fest???  WTF.

Beck's a moron, not a hater...wtf exactly do you think is going on on his show, dipshit?

GFD, you leftards are so hysterical

Jan 8, 2011 6:28 PM

I blame Paul Krugman for this

Jan 8, 2011 6:40 PM

totally...and 11 collaterals is a pretty hohum tally if there's one high value in the house

Jan 8, 2011 6:47 PM

Concur 100%.  I had a girl friend who I watched go into this over the course of 4 or 5 years.  Fortunately, she was harmless, but the progression of the illness has consequences.  There were a lot of parallel worlds shits, mind control stuff, aliens, secret "Truman Shows" and whatnot.  Also knew a kid who had a psychotic break and was committed briefly.  Because I knew this other girl, he was easy to diagnose, just ask him if the A/C units outside the window are talking to him.  He was batshit, highly disoriented. 

Jan 8, 2011 6:49 PM

I thought those "Amber Alerts" were for people who were colored that

Jan 8, 2011 6:51 PM

LIAR!!!!  YOU ARE AN ANTI-SEMITE

Jan 8, 2012 10:47 PM

http://www.foxnews.com/politics/2012/01/08/book-white-house-hosted-hollywood-halloween-bash-before-burton-film-release/?ncid=webmail1

 

Gotta LOVE this President...

Jan 8, 2012 3:04 PM

the guns have nothing to do with it.  It's all about demographics.

Jan 8, 2012 3:05 PM

we have lots of regulations

Jan 8, 2012 3:40 PM

Iran can't close the Hormuz.  If they were to REALLY close it, they will have to start sinking or boarding and redirecting ships.  This type of embargo action is a clear act of war.

Jan 8, 2012 4:00 PM

the US has shown its hand; we will attack and wage war on anyone who is outside of or any rival to our system.

Nuclear weapons, via MAD, make deterring that impossible.  The US has shown that we will push and provoke and test limits essentially daring anyone to go over this line.  Until another nation stands up a conventional forces capability that can rival especially our navy and air force, the trend will continue.

Jan 8, 2012 4:02 PM

RP is an afterthought.  Media is treating Scumtorum and Mormney as the front-runners and spending all its time discussing those two candidates because of what happened in Iowa.

Scumtorum's showing there has conveniently provided the false dilemma A vs. B that makes RP presently an invisible choice.

Jan 8, 2012 4:08 PM

you know goddamned well how we would respond to such a threat to our FRN. 

The difference is Iran can't do much about it.  Depending upon Russia or China for cover...lol.

We learnt that in previous attempts to do wtfever we wanted.  Russia and China cover are only relevant to the UN.  So now we don't even bother going that route.

Jan 8, 2012 4:10 PM

how?  By actually sinking ships?  That's absurd.  The US would systematically destroy every single offensive capability Iran had.

Jan 9, 2010 7:29 PM

I see you understand the chessboard parable.  Good.

The housing bubble was a necessary artifact of an economy which had long since run out of core economicalness.  When real production doesn't generate sufficient returns, you resort to pyramiding leverage and synthetic economics.

The reality is that our debt/GDP is far worse because most of that GDP for the past 10 years was complete bullshit.  It was nominal or transaction GDP.

If you originated a ton of mortgages, you have GDP.  Then if you tranche them up with some leverage in a CDO, you have more GDP.  Sell the paper, GDP.  Retranche the tranches into a CDO^2 with more leverage, even more GDP.  Originate a CDS and tranche the payments streams, more GDP.  But this shit is all fake, it is not production.  It's just credit origination and transactional volume, not real things getting made or built.  It's a synthetic economy.

Jan 9, 2010 7:34 PM

theyre makin more of why Detroit land is so cheap tho...

Jan 9, 2011 12:40 AM

wow...talk about self-deception.

The ADL agglomerates denials of time off for unknown jewish holidays as anti-semitism.  JFC.

Complete bunker mentality..this shit is mental abuse to these poor kids in Israel.  That spot where those guys were on the bench and a LANGUAGE breakdown was construed as anti-semitism...just...wow.

This tends to corroborate my personal experiences in this matter, unfortunately.  I didn't get this sense when I was in Israel, but I never really broached the subject with any of them and did not note any propaganda like this in the JPost.  It was mostly about the election of Hamas that happened the weekend I was there.

Jan 9, 2011 2:30 AM

well, no they didn't actually.  The latter better than the former, lost track of the boy.  But the girl still calls me periodically from halfway houses or outpatient or sometimes back in psych lockup.

She may have smoked her brain with dex or adderall, but friends of hers from HS said she was always crazy.  This is not an illness she is going to shake off, unfortunately.

Jan 9, 2011 2:33 AM

girl I know is diagnosed paranoid schizo, they put her on depacote and a bunch of other shit I could rattle off...chalk another one up to the amphetamines nexus, as she used them rather frequently in high school.

Jan 9, 2011 2:55 PM

who gives a fuck if they were rich slave owners?

That is a total ad hominem

Jan 9, 2011 3:11 PM

You do the SAME FUCKING THING you accuse others of, bitch.

I don't care what team you think you're on, chump; you're still an idiot

Jan 9, 2011 3:13 PM

Now you're gonna go an' pop the little bubble that the tinfoiler moonbats have about the gov being all-powerful and engineering gigantic conspiracies more complicated than the plot in Total Recall

Jan 9, 2011 3:14 PM

Fuck off you fkin Uncle Tom

Jan 9, 2011 3:17 PM

WHO CARES IF YOU HATE BLACKS AND MEXICANS??

It is IRRELEVANT.  The original statement is STILL TRUE

Jan 9, 2011 3:19 PM

If you think repugnicons are stupid, you should see some of the "truths" that the demoncraps cling to.

I mean, hell, look at NeObama's approval rating among them.  Even when he slaps them in the face with his cock, they still refuse to accept that he's not who they pretended he was.

Nevermind libtard stances on gun control or welfare or the worst shit on the planet, DIVERSITY

Jan 9, 2012 1:35 PM

at least they can "defend" the drachma

Jan 9, 2012 1:45 PM

people would just look at you funny if you did that.

Even if you shot him and published a dissertation on why he needed killing, how would you get your message across?

In that vein, I heard NPR talking about NH primaries now...about Mormney and the "surging" Scumtorum (whose 2nd in IA conveniently made him the B in the false dilemma).  For "color," they talked about....Hunstman.  Not ONE mention of RP whatsoever, despite his 2nd place polling in the state.

Freedom and liberalism and all of that is ANTIestablishment.

Jan 9, 2012 1:57 PM

huh?  You have been cheerleading people to catch falling knives since the damned $50 broke, you dipshit!

You said we'd be "back to $49 by the end of the week."

How many bagholders do you need to create to try to make other people as miserable as you are?  I've heard misery loves company but this is sick, just sick man.  You need help.

And to all the people uparrowing mosely-claven...haven't you morons LOST ENOUGH MONEY YET?  How much is it going to take to "get it"?

Jan 9, 2012 1:58 PM

silver is transportable?  Yeah if you have gasoline and a truck.

Silver is immobile in any quantity that will be significantly valuable.  It's just NOT value dense enough to warrant stockpiling.

Jan 9, 2012 10:27 AM

one of the things about peak supply is that it makes it impossible for everyone to replace reserves, much less grow them.

As for "investing" in miners...they suck.  A few here and there, if you pick stocks well, can work, but the class as a whole has been schizo.

For physical, most people simply don't have the disposible income to seriously afford one ounce on any recurring basis.  There are also a lot of opportunistic silver pumpers around selling get rich quick schemes.  After the recent silver bubble popped and many bagholders were created, justifying scraping together savings across several months to go buy a coin seems very risky.

Many bagholders who were convinced to chase the silver price spike have lost 25-40% of their real wealth as measured against other physical commodities.

Jan 9, 2012 10:30 AM

yes, this geopol risk is significant these days for any resource producer.

The nations of the world are filled will cretins who expect somebody else to come to their nation and extract resources that they are incapable of extracting and to gift the proceeds to them.

It's oppression if the resources are left in the ground and oppression if they are extracted.

Jan 9, 2012 2:00 PM

LOL...suuuure you do.

People with money buy gold.  They don't waste their time on the POOR MAN'S gold, dude.

Silverbugs are get rich quick gamblers who got taken to the cleaners in the past year.

Silver isn't a PM; it's a SPM.  Silver has more industrial usage than anything else.

Jan 9, 2012 2:02 PM

yeah, lol.

When you get a chance, take a look at the pie charts on world gold production over the past 50 years.  See how the production base fragments after RSA hit peak.

There AREN'T ANY significant reserves in fucking stable countries; those reserves WENT FIRST for that very reason!  Nobody would rather drill for oil in Nigeria either or some other revolving kleptocracy backwaters.

Jan 9, 2012 2:04 PM

well, for a black to have an IQ of greater than 140 would require being roughly 6 sigmas to the right of mean (american black).  That is statistically improbable.

140+ is statistically improbable in any population, racist.

Jan 9, 2012 2:59 PM

the bernank hasn't failed...the financial system hasn't collapsed.

a growth system will collapse at such time as growth is no longer feasible.  Bernank has forestalled that.

Jan 9, 2012 3:02 PM

yeah, who is this "we" that Ahab is talking about??

he wants austerity and rentier serfdom for the public.  THEY have all the paper assets; they want their mothafuggin coupon paid now, bitchez.

Jan 9, 2012 3:04 PM

Douchinger is a retard and categorically wrong about most everything

Jan 9, 2012 3:17 PM

oh Danny Boy...bitchez

Jan 9, 2012 3:57 PM

is it POSSIBLE for this jackass clown NOT to get someone from the fuckin Street to staff ANY position in his administration?

Jan 9, 2012 4:03 PM

I don't take my lexicon from what a bunch of nasty, stankedy buttfags think.

I would not have even been able to conceptualize what these disgusting perverts have applied as this definition.

Jan 9, 2012 4:05 PM

Scumtorum is entitled to his opinion on buttfaggotism.  And, to be blunt, there is nothing whatsoever wrong with having a visceral aversion to buttfags and the perverted behaviors they engage in.  They act and look like a bunch of sick freaks.

When you have to brainwash your GUT out of you; you're doing something wrong.

Jan 9, 2012 4:11 PM

no you didn't do anything of the kind, akock.  You gave cliff another happy ending and punked yourself doing it.

And YOU used hate speech...I don't know wtf you are smoking that you think it's ok for you to use that type of language.  I hope you wander down into blacktopia and start popping off with that right now.

Jan 9, 2012 4:15 PM

good for you.  Most people chased into the bubble and were cheered on by shameless pumpers like we have here at ZH.

If you're such a savvy fucking silver investor, where the hell WERE YOU to be telling people NOT to stampede into the bubble?

NONE OF YOU silverbugz said SHIT during the runup.  The only talk we heard here was pumper shill cheerleaders encouraging people to "buy with both fists" and "back up the truck" at $45 for "$60 by next week."

A few of us were brave enough to suffer the slings and red arrows of outrageous fortune and tell people NOT to chase this bubble as it was soon to crash and crash IT DID.

Jan 9, 2012 4:17 PM

huh?  Real silver is NOT 30% premium to spot, dude.

Jan 9, 2012 4:22 PM

no, I have it on "can't miss" authority that silver is going to 100x parity with gold.  Yep.  100x.

Despite its 15x abundance in the crust and aggregate collapsing industrial demand.  100x parity.

 

Jan 9, 2012 4:26 PM

I don't tell people not to buy silver, you idiot.  I tell people NOT TO LISTEN TO YOU.

The reason for that is twofold:  one, you are an idiot.  Two, you are almost always WRONG.

You have called for the evacuation of Tokyo, silver to $60, silver back to $49, hyperinflation IMMINENT, and now silver at 100x price of gold.  Nobody should listen to a thing that you say.

As for silver, buy it on paper...buy gold for physical or platinum.  I've explained why, if you want physical metals, these TWO and these two ALONE should be 90% of the value of your purchases.

If you want to hold some silver, sure, hold 1-200 oz and no more because if you have to RUN in the middle of the night for whatever reason, you cannot carry life's savings in silver with you!  Yes, YOU can, but only because you are fucking broke.

100oz gold >> 5500 oz silver for this very reason alone.  The former can set you up for a good period of time in a bugout situation.  The latter CANNOT BE CARRIED.

Jan 9, 2012 4:28 PM

stop excusing your racism.

I have called for sterilization WITHOUT REGARD to race.  I have used IQ as a criterion.  That means a lot of white people JUST LIKE YOU don't have kids either.

Jan 9, 2012 4:36 PM

lying?  LYING?

You shameless, dissembling, weaseling motherfucker...you JUST SAID IT.  You said TEN TIMES PARITY. 

Do you REALLY want me to go get the post you said it in, you lying weasel?

NOBODY EVER SAID you claimed that was a stable price, JACKASS.  You said silver would hit 10x price of gold.  No sooner is it out of your mouth and the sheer absurdity of it being shoved in your face than you are trying to weasel your way out of having ever said it.

You are a pathetic LIAR, cliff.

This is the post ZH gives me

http://www.zerohedge.com/news/physical-silver-surges-record-30-premium-over-spot-backwardation#comment-2040601

It's right on that thread at that post # and you cannot hide it now, cliff.

Jan 9, 2012 4:38 PM

so by "physical" silver you think that equates to the fuckin shares of an ETF that ostensibly owns silver?

Do they come dumber than you?

The SHARES of PSLV are trading at a 30% premium to NAV.  MAGICALLY that "real silver to paper" premium is going to burn right off when Sprott fucks his shareholders with a massive offering to cash in on their lunacy.  Aka, Eric Sprott now controls the price of silver?

Jan 9, 2012 4:46 PM

dude, it's futile at this point to try to rehabilitate your credibility.

Even if you could lie, dissemble, and weasel your way out of these ones, you will simply proceed undeterred into making a complete fool out of yourself on a daily basis going forward.

Anyone need simply WAIT for you to make some absurd, stupid prediction, and it's a short wait.

You claimed Tokyo would be "dead or evacuated within 2 weeks."  I called you on it.  It failed to happen.

You predicted $60 by next week as the lead cheerleader of an OBVIOUS bubble.  It failed to happen.

You predicted $49 by the end of the week; "almost" is coulda shoulda woulda...what matters is DIDN'T.  It failed to happen.

hyperinflation imminent?  Something isn't imminent if it's NOT GOING TO HAPPEN SOON.  You simply lack english skills and education.  It failed to happen.

10x, 100x, wtf is the difference?  It's just another absurd prediction from you that will not come true.  It too will FAIL to happen.

You FAIL a lot because you are a FAILURE.

Jan 9, 2012 4:47 PM

sterilizing a bunch of cretins would not be the suicide of humanity; it would be the opposite.

Without the elimination of genes such as yours, how can humanity EVER survive?  You are so stupid as to endanger those around you.

WHAT demographic question?  Demographics don't matter; energy does.

Jan 9, 2012 4:53 PM

10x makes NO SENSE WHATSOEVER because of the production abundance of silver and this thing called laws of supply and demand.

A silver price that high would render most of the industrial activity of silver UNECONOMICAL and would crush it.  Do you HONESTLY believe that they will still be putting silver ions in SOCKS and fucking UNDERWEAR if silver climbed even to $100/oz??  They would simply LIVE WITHOUT as we did for 1000s of years prior.

Using silver for all these industrial applications ONLY MAKES SENSE if silver is relatively cheap.  This is why GOLD isn't used for conductors (and copper and silver too) in favor of things like aluminum. 

Look, dipshit, you are NOT going to "get rich" off this, ok?  Stop it with the daydreaming.

10, 100, 1000...wtf is the difference?  Your predictions are laughably ABSURD.  Try making REASONABLE predictions, idiot...maybe you'll get ONE right someday.

Jan 9, 2012 4:54 PM

the headline WAS A LIE.

It did NOT SAY "PSLV trading 30% premium to NAV" did it?

It claimed, "Physical Silver Surges To Record 30% Premium Over Spot"

Jan 9, 2012 4:55 PM

and all the zombies will just ignore you and all your gasoline and let you fuckin drive around and pick up silver.

Idiot.

Jan 9, 2012 4:58 PM

what are you, an idiot?

Where the hell did you get this nomad bullshit?

I'm talking about the "SHTF" crap that all you zombiehead idiots are constantly drumming on as imminent.

If they "come for you" and all of this crap because you post too much on ZH, you may desire to just drop and leave quickly.  Think about it.  Silver anchors you to where you are.  That is stupid.

If the Bosnia situation or Argentina or the proverbial Hitler comes, pack up and leave now.  You idjits try to cross the border with a truckfull of silver...hahahahahahahaha.

Jan 9, 2012 4:59 PM

you're an interesting case study on psychopathy.  When you're faced with an argument you can neither comprehend nor defeat, you just make shit up to smear other people.

I'm a fucking STATIST?  That is the biggest mfing laugh I've ever had.  I'm a fiat fan?  Good god, you're fucked in the head.  Dude, get help.  Now.

Jan 9, 2012 5:03 PM

yay!  more credit!!!!

Jan 9, 2012 5:19 PM

credit with collateral...what a concept

Jan 9, 2012 5:25 PM

ima see if i can short that long slv or the iag...nope, no shares on AMTD to borrow

Jan 9, 2012 7:00 PM

i've stuck my dick up plenty of girls' asses, but I'm not naming anything that comes out after a senator who doesn't like buttfags, am I?  Hetero people would have the good sense to keep that shit to themselves

Jan 9, 2012 8:02 PM

huh?  American students' scores on the SAT are among the top in the world if you just take whites and asians while you are comparing to other nations that just have whites and asians.

Where the US system falls down is that blacks and hispanics perform poorly.  There's no way to sugarcoat or wish strenuously around it.

ANY article which does not point this out is not worth reading.

Jan 9, 2012 8:04 PM

we don't have a failed education system.  It works well for whites and asians.

What we have are failed races that perform poorly irrespective of any amount of money or other remedial measures that are attempted.

Jan 9, 2012 8:06 PM

we have your two tiered system already.  We have white and asian dominated schools.  These are always the "good schools."

then we have black and hispanic schools and these are invariably the "failing schools."  They are that way because their students are failures.

Jan 9, 2012 8:09 PM

Silver and get rich quick silverbugz got smoked in 2011.

Jan 9, 2012 8:14 PM

you bitter bagholders keep telling yourselves that.

You were WARNED and not only did you choose to ignore the warnings, but you responded with violent anger and ostracism to those who warned you.

Jan 9, 2012 8:16 PM

why because COMEX isn't going to deliver the metal to industrial consumers?

ROTFL.  hundreds of millions of ounces per year produced

Jan 9, 2012 8:20 PM

there's the matter, too, of that apparent nuclear test conducted jointly by the Israelis and South Africans.  I think sanctions are in order.

Jul 1, 2010 11:02 AM

iGoldPlunging

Pound, Euro, Yen, Franc strong...DXY smashed wowza

Jul 1, 2010 2:46 PM

Tails, bitchez

Jul 1, 2011 10:07 AM

mosely-claven and all his bagholders losing the rest of their life's savings rotfl

Jul 1, 2011 10:08 PM

nah...corsendonk pale

Jul 1, 2011 10:13 PM

I was.  I had stink bids in on some stuff that hit and I'm up 80% on low-risk dividend payers.

Jul 1, 2011 10:41 AM

manufacturing jumped on geiger counters and iodine pills

Jul 1, 2011 11:11 AM

there's nothing wrong with our education system.

There is something wrong with a large percentage of our students.  If you subtract out a couple of demographics, you find a school system working just fine for the remainder (a majority)

Jul 1, 2011 11:13 AM

And by the age of 17 they are vastly more educated than ours.

This is a misleading statement.  Subtract out blacks and hispanics and you find what remains are among the top performers in the world.

Jul 1, 2011 11:19 AM

huh?  There were statistically zero rapes by white men against black women in the latest reporting year.  DSK would probably be #1.

Start looking at real data and stop watching Roots.

They are digging around on this woman and surely moves are being made to get her paid to go away, which is probably really all she wants in the first place.  I mean, didn't Kobe Bryant pull this same shit on a white girl a few years ago?  Cut your apologia YT guilt shit

Jul 1, 2011 11:23 AM

eh...there are two outcomes here.

One involves cascading default up to and including the federal government.  Are you really going to bet on that outcome?

Without QE, our auctions fail.  They cannot even get a bid to unwind their own balance sheet.  There IS no exit plan. 

Given the size of the printing so far compared to the relatively "benign" amount of inflation, I bet they go for round X.

Jul 1, 2011 11:28 AM

this is an easy one- they are backstopped by Uncle Sugar who told them to build cars like there's no tomorrow. 

Perhaps some idiot thunk to hisself that hey the japs are out of business, here's our chance to ride back to glory.  Yehright LOL

Jul 1, 2011 11:37 AM

I've been over this.  Not silver.

2 reasons, first is that silver is primarily no longer a PM.  It's an industrial metal.  I proved this by reference to its consumption metrics.  All consumption growth in the past 10, 20 years was in industrial use.  The wide majority of its demand is industrial.

Second reason is that the shit is not value-dense enough to be a good savings device.  If you picked a bugout ranch downwind from a nuke plant, you may have to leave rather abruptly.  If the starving zombie hordes surround your ranch and master the sophisticated technology of fire, you may have to leave abruptly.  How much silver do you suppose you can pack on your back?  In such a situation, there's nobody alive who wouldn't rather have every ounce of wealth in gold.

I like platinum too but it's also industrial primarily but it (and Palladium) is so comparatively rare as to be precious by definition; silver is not.  Pt and Pd have less than 1/10th the annual production of gold, which is around 1/10th annual production of silver.

If I shit on silver, don't put the strawman up of "PMs" as if shitting on silver means shitting on PMs.  The two terms are not the same and not coextensive.

Jul 1, 2011 12:24 PM

a person such as DSK has cards to play; he played them

Jul 1, 2011 2:28 PM

translation:  "I, Attitude_Check, am one of those bagholders"

you were warned, kid.

Jul 1, 2011 2:36 PM

wtf are you talkin about?  Jews are infatuated with them

Jul 1, 2011 2:53 PM

America is #1 at bestness, 'nuff said.

Just get over it

Jul 10, 2010 11:47 PM

This is ALL GODDAMNED BULLSHIT.

Look, we were FINE before the fuckin Fed, FINE before the income tax, FINE before there was this abomination called monetary "policy"!!!!!

Gov't, GET THE FUCK OUT OF THE ECONOMY.

we had Depressions and occasional bubbles and crashes without gov't intervention....NEWS FLASH, we've had them WITH and BECAUSE OF gov't intervention as well!  The government is NOT making things better.  Every credit bubble was as a result of central banks and the type of bankers that Andrew Jackson squashed.

Jul 11, 2010 1:22 PM

Bingo.  That's exactly what it is.

It should stun people that Thomas Jefferson made this observation 250 years ago in his famous "inflation/deflation" quote. 

What we are experiencing is NOT in any way new or novel.  The elites are using inflation to acquire claim tickets to our productive economy.  When inflation dies, they will use those tickets to acquire REAL assets.

How the fuck do people think that the Rothschilds became so powerful or that these elite families in S. America with European names came to own unimaginably vast tracts of productive land?

This shit is what the Founders were running from and why they phrased the Constitution the way they did, to try to prevent central banking, debtmoney, and this entire con.

There are people out there who like being victims.  They appear to like the abuse.  They're afraid to be free.  It gives them moral comfort to suffer needlessly.  I cannot identify with them.  Many of these people are now saying "well, we need to repay our debts."  Meaning "we" need to suffer more.

Go over to TF and see how they bleat about homeowners who walk, or people who don't repay their CCs.  These people phrase a debt contract as tantamount to a moral obligation to repay.  Meanwhile the rich and businesses WALK the instant it makes pecuniary sense to do so, without remorse.  The rules that the little people teach their kids are DIFFERENT from those that the big people teach theirs.  You probably remember your granpappy speaking of paying debts as a badge of honor and a moral imperative.  That's why he was fucking poor.  Across town in the penthouse, similar bedside chats were not occurring.  Those children were being taught that sociopathic use of you was their entitlement.  I have legacy rich friends who cannot even bring themselves to lift FIREWOOD to bring into their giant house to light a fire, much less help me lift a television.  This type of stuff is for OTHERS to do.

There are a few types of people in this world, some like to suffer and some like to see others suffer. There are a few of us who don't want either.

Jul 11, 2010 11:56 AM

You are both correct.  A big problem is this income disparity.  Outsourcing didn't lower costs for consumers.  It increased profits for corporations which executives and their cronies decided to pay to themselves for gutting our industrial and economic base.

CEO payscales at 25:1 were sane and were what were the norm throughout most of the heyday of this nation. 

But the answer is not government, it is actually unions.  The problem now is that union leadership sold out to the executive class and now forms an interlocking directorate with corporations.

Another wrinkle is the fact that in reality, pensions and mooch funds truly own US corporations.  Their directors have sat back and allowed this to occur when several companies own enough shares on behalf of 401ks that they could seat their OWN directors just by voting their beneficial shares.  Yet, they sat and let companies like CSCO pay an entire DECADE's worth of profits to directors, instead of paying dividends.

It appears everyone got caught up in the stock ponzi; the share price appreciation was "good enough" for mgmt to provide to shareholders, as opposed to real cash flow and real income.

The executives TOOK the real cash and they left price ponzi gains to owners.  Those gains have now been unwound and they are not coming back.  Never ever trade ponzi price for real cashflow.  Ever.  I cannot fathom how supposedly conservative, professional investment managers the likes of John Bogle fell for this shit.  He's Mr. Vanguard and he constantly talks about dividends and cashflow and income yet his funds own companies that pay meager or no dividends and he depends upon price ponzi for his gains despite knowing in his core philosophy that this .com phenomenon is total bullshit.  I guess perhaps the mooch fund and pension directors are in on the scam in some way.

Honest unions were the only entities which forced disgorgement by directors and owners to employees of a greater share of profits.  Unfortunately, the former have all now been corrupted.  Consequently, there no longer remains any labor pricing power.  Corporations these days will cut their own foot off and show you the door rather than pay you a growing wage, even for high-skilled work that cannot be replaced.  But, at the same time, executives constantly "negotiate" ever more lucrative "compensation" packages with their cronies on the boards.  It's like pro athletes.  Ticket sales are in the shitter but the salaries keep going up up up.  Corporations make that up by cutting wages in the lower levels and by reducing staffing.  Anything they can to keep the executive bonuses and payscales rising.

Jul 11, 2010 12:03 AM

It gets even BETTER.

Go over to TF and watch the Douchingites BLEAT for "privatization"!  That means sell off public assets, roads, bridges, power plants, everything, to these SAME interests, who you let BORROW from the Fed at 0% to purchase public assets using kickbacks and banana republic bribing and back scratching.  This turns those with access to the Fed spigot into permanent RENTIER class plutocrats.  They can use their leverage as bondholders to translate paper wealth into real productive assets.  WTF does it matter what these assets are denominated in??  The money you pay into a power plant in terms of utility rates represents a fraction of YOUR productive work.

Then, jack up fees, rates, charges, everything, to squeeze every ounce of production out of the little serfs and put it into your own pockets, into cocaine for your hookers, into Mercedes automobiles for your spoiled brat children, and into more yachts and mansions.  You think all those fuckin Rothschild palaces all over the world built themselves??!  That was OFF THE BACKS of every taxpayer to every sovereign that ever "borrowed" fictitious capital from these vile bankers that they never actually had in the first place.

The Fed is ENABLING its member institutions to take eventual control of ALL public assets, all utilities, all infrastructure, under the guise of "austerity."

Look around you, what did austerity mean to Argentina?  It meant fire sales of gas, oil, roads, cellphone towers, everything, to foreign corporations and private interests for which the politicians in Argentina were caught RED HANDED with bribes to work the deals.  What has it meant to Greece?  Fucking people are cheering for Greece to sell of its islands and nation to "repay" foreign bankers.  And if they don't?  Who loses?  Oh yeah, all the little people in Germany and France who have their DEPOSITS in those scumbag banks.

Shakespeare was wrong - you have to first kill all the BANKERS.  This phenomenon is what these people DO.  It's what they're ABOUT.  It is the Shylock in ALL of them now expecting their pound of flesh.

At the end, money does not matter.  Dollars do not matter.  What matters is having you work yourself to the bone to keep silver spoons in their kids' mouths and keep their mansions heated and cooled and keep their yachts running.

Carlos Slim doesn't care what the "peso" is worth.  He earns a share of everyone's usage of his cellphone infrastructure.  Money only allows him to translate that share into real things for his own enjoyment, real cars, real yachts, real pussies.  If the peso "falls," he will raise prices and because HE controls the bridge, you either pay his price or else you go fuck yourself.

If private interests control the power plant...pay their price or sit in the fucking dark; it's that simple.  Austerity will strip every bit of "public" or commonwealth ownership of the things WE ALL PAID tax and bond money to build away from our ownership.

Jul 11, 2010 12:03 PM

CPI gets "hedonic" adjustments.

For example, when people opt for starvation because they cannot afford food, food cost component of CPI goes to 0.  No inflation!

I grocery shop at Slaveway enough to have noticed the same trend.  Prices are moving upward, not downward.  So much for my precious FRNs, Douchinger.  Sometimes the store will hang "new low price!!" tagging on an item and I've been there and bought it for long enough to recognize that the price is actually HIGHER.

Has anyone noticed that a bag of Doritos now costs nearly $4??  WTF

Jul 11, 2010 12:13 PM

Just like Singapore, Hong Kong, Luxembourg, Lichtenstein, etc., right?

Somehow they've managed to make a good go of it despite the densities.  Haiti's problem is Haitians.

Jul 11, 2010 12:18 PM

Pavlovian much?

We have a virtually monoethnic financial community, as well as entertainment/media community and nobody is permitted to say anything about it!

If it were all european "caucasians," someone would be up in arms about the lack of diversity.

Very obviously, clan nepotism is in FULL effect in these professions and at the top of the power foodchain; it does us no good if you try to browbeat anyone who points the FACTS out by playing the race card on them

Jul 11, 2010 12:38 PM

It must not have occurred to this guy that this is a 3-dimensional world.  The gov has these flying machines

Jul 11, 2010 12:57 PM

One can make the claim, but it is not convincing.

Inflationary environments do not cause the government to need to "belt-tighten" as they have access to apparently unlimited funding and are not threatened with insolvency.

The route to private ownership of state assets is always through a default or austerity measure.  Always.  If the State borrows its own money, there is no de jure insolvency until the point of total collapse when the system deflates to 0.

Witness the trend today - governments who can inflate are seeing zero cost "capital" go to purchase bonds.  What these are are a ticket to the upcoming liquidation.  During stimulus or inflation environments, elite interests are content to acquire growing bond portfolios.  During deflation or austerity, they invariably translate these into real assets.

Iceland is a classic example, in fact it has played out precisely as I just described.  During Iceland's inflationary boom, nobody used cheap money to buy geothermal plants.  They bought debt.  After the system inflected (deflation), the powers are using these debts as entitlement claims to something of value.  Their paper debt claims can *no longer* be satisifed with ponzi growth mechanics.  Iceland cannot expect to creditgrow its way out of the mountain of claims.  Outright printing is unacceptable to bondholders because it represents a default. 

So the bondholders of Greece, Argentina, Iceland, who gorged themselves on debt claims during the time of cheap money and stimulus, now are asking for islands, gas assets, geothermal plants, etc. 

The CB/sovereign spread trade is a global abomination.  In essence, it gives free pass to any elite interest who has access to cheaper "money" from the CB to CAUSE inflation, buy gov't access, and with it bonds to "fund" the expansion, all while earning a nominal profit.  Then when expansion can no longer be maintained, those same elites have a mountain of claims against the real productive capacity of the region.

This is in fact how the BOE and its agents wielded the Sterling Bill for centuries as a weapon of Empire.  The global carry trade is merely an artifact.

The transfer of paper wealth will continue unabated in a stimulus environment; the elites will continue to stockpile claim tickets.

the solution is repudiation and a replacement of the entire monetary regime with Real Bills.  Yes, end the Fed, end the carry trades, end the spread trades.

Jul 12, 2010 11:42 PM

You are from Planet Crack, I see...

Homes are MORE affordable than the last 50 years?  Dude..on that basis ALONE, you shot your credibility to hell and back.

How in the fuck are homes more affordable now?  50 years ago they were at fractions of the current price-to-income multiples.

Your other statements are also bunk.  Food is "remarkably inexpensive."  That's a meaningless statement with no quantitative measure.

The $1 menu is what in the business is called a LOSS LEADER, folks!  The price of the Big Rat value meal is UP.  Subway's $5 sandwiches are now marked $6.  A bag of fking Doritos costs nearly $4.

Jul 12, 2010 11:48 PM

If you review the history of the NAACP, you will notice a curious interlocking directorate with the types of people who head banks and the Fed.

NAACP and SPLC are attack dogs for the power elite.

at some point, you have to embrace the "racist" label and say so fucking what if I am?  Collectively, we who are not part of the group that controls the funding and the message must repudiate the strength of this label that's applied to us EVERY SINGLE TIME we attempt to assert power contrary to the interests of the elite.

WE are the only ones who care a shit about being accused of racism.

Jul 12, 2010 11:53 PM

technology is fuckin miraculous

Jul 12, 2010 12:22 AM

Decoupling, bitchez

Jul 12, 2010 12:47 PM

Reinhard?

Jul 12, 2010 3:53 PM

Ask GW Tarpley about ZBig

Jul 12, 2010 4:14 PM

TARP was to liquify the PDs so that they could do what is occurring as we speak.  Eventually, PDs will end up being 100% if they aren't already

Jul 12, 2010 4:15 PM

Beat, bitchez

Jul 12, 2010 8:10 AM

WTF does the US have to export?

Our medical diagnostic equipment is in lower demand in social medicine countries.  With austerity, even less.

Nobody else is fighting all that many wars...what else we got?

Jul 12, 2010 8:18 AM

Flattening, bitchez

Jul 12, 2010 9:46 PM

who cares about the price?  Gold is something that has value in all nations, all currencies.  It's a sovereign-independent savings vehicle.

Gov'ts can fuck up pretty badly and destroy all your currency denominated wealth, but they cannot fuck up gold.  Sure, they can seize and confiscate anything they can find, but your bank accounts are a lot easier to find than some coins.  A phone call or mouse click is all it would take to seize your bank accounts

Jul 12, 2011 12:39 AM

...with all profits therefrom to support executive bonuses

Jul 12, 2011 4:03 PM

must "of"???

Jul 13, 2010 1:58 PM

oh ok lol

Jul 13, 2010 10:34 AM

the moves up were a little bigger last year, but I see the same stuff

Jul 13, 2010 12:00 PM

Dude, it's ADSENSE!  It is a fucking advertising AGGREGATOR that takes purchases from a VARIETY of businesses, and IT places the ad on the screen depending upon what cookies YOU HAVE on your machine!

ZH doesn't receive a fucking cent from banks.  Banks pay Adsense just like all the other advertisers and Adsense places the ads. ZH gets money ONLY from them.  STFU already about it

Jul 13, 2010 12:06 PM

I also don't get the tribe outrage against special privilege for brown people like muslims when they CREATED the entire race hustling machine through the NAACP et al.  The C stands for Colored.  Apoplexy reigns...we didn't mean THOSE colored people, who constitute a threat to our little 2nd home.

MZ rails about Democraps and Repugnicons but the race hustling machine built and funded by his cousins springs to life every time a sufficient quantity of european whites assembles.

Look at the outcome...veritable racewar while a particular clan can and does STILL RELY on ethnic nepotism and the tribe mentality of extended family.  Do you get that from people whose ancestors hailed from the same country as yours? 

Jul 13, 2010 12:11 PM

Um...you might want to review Putin, Hitler, Chavez.

The financial elite can pound sand as long as the political class gives orders and the military executes.  Coups don't come from bankers, they come from the military, who generally turn right around and slaughter every financier class plutocrat they can find.

The financial class must be vigilant to not overplay their hands.  This has been a recurring error on their part thoughout history, thinking that their stupid fucking confetti means a damned thing or that their accounting ledgers move things.

Jul 13, 2010 12:16 PM

Clan nepotism is alive and well in the tribe that created the race hustling machine.

You have to try this:  root for the white people against the smurfs in Avatar.  it will feel wrong.  That is the racial conditioning you've been subjected to.

The rest of the groups would be rooting for THEIR KIND no matter what.  If someone says you're a racist, say so what.  If a white person does it, slap them for being a fucking punk ass coward.

Jul 13, 2010 12:23 PM

3 countries with major tribe populations.  Israel, US, and UK.  What do they all have in common?  WAR WAR WAR WAR. 

Funny how the nations that were depopulated are the peaceful ones now.  Oh and the US and UK are known for worldwide financial scams run by banks with monoethnic leadership, as well as media purveying filth and propaganda.

Just do what I do and BLAME WHITEY for everything.

Jul 13, 2010 12:25 PM

You're a fucking moron who voted for EVIL.

YOU wasted your vote like all the other establishment party voting CHUMPS out there

Jul 13, 2010 2:06 PM

ANY candidate who is out of the control will be exposed as a racist.

Just like Ron Paul.  The machine springs to life with its worst label, worse than being a child molestor.

In fact, conquering racism was the most monumental challenge that ever faced mankind.  I hear all the time it's THAT important.  Bigger than the moon landing.  Bigger than the Black Plague.  Bigger than the preCambrian dieoff.

Jul 13, 2010 2:19 PM

his lawn, his cross, uncle tom...now go fuck yourself

Jul 13, 2010 3:04 PM

HUH?

TreasuryDirect says 1.27T increase since 10/1/09.

From JANUARY till now might be only $1T.  Otherwise, they are full of shit

Jul 13, 2010 4:10 PM

Well we rollin along at $1.7T annualized rate.  We'll be near the 13.6 cap in no time

Jul 13, 2010 6:13 PM

This is just trash; the ENTIRETY of China is corrupt, at almost every level.  You just don't have a clue how things work there, do you?

Nevermind the pollution, the lack of property rights, the billion starving peasants, the state-controlled media.  Everyone sees what the Chinese permit to be seen.  It's propaganda in the classic sense, or the way "news" programs selectively edit what they show in order to force a particular conclusion.

Jul 13, 2010 6:17 PM

Uh...the Chinese LOST the Opium Wars.

the US's military effectiveness is low given that we are not waging Total War.

China is just part of the ponzi.  Their industrialization was fed by our credit; it would not have been possible without it.

Jul 13, 2010 6:30 PM

Somebody needs to clue her in.  Blacks still aren't equal to whites.  We are all equal under the LAW.  These idiots assumed that meant we all had the same attributes, same competencies, same shared heritage of cognitive abilities. 

Of course America isn't equal; average intellects like her get to go to Princeton!

Jul 13, 2010 9:10 AM

Downgrade China to Busted Ponzi Slave Labor Camp

Jul 13, 2010 9:47 AM

Nice H&S breakdown

Jul 14, 2010 11:55 PM

GD, do these idiots who say this stuff think the Fed/USG are actually going to LET deflation destroy the both of them?

They believe with every fiber in their being that inflation is the savior and inflation is their business.

Deflation will not be any good for levered institutions like banks either; why would they want that?  When austerity really bites, people will beg Jebus to print

Jul 14, 2010 11:59 PM

The government cannot service its interest or roll its paper in such a climate.  Simply put, the probability of real austerity is negligible because it simply mathematically will not work for any of the entities involved in it.  The USG *cannot* balance its books without going through deflative default and collapse first.

Jul 14, 2010 5:04 PM

so a 12% annual decline in production from a peak in 2000 is not "empirical"?

Gold is in supply decline; this explains the rise in price with basic supply/demand metrics, no need for vast conspiracies or apocalypses.

MHFT may be a dumass about a lot of things, but he is describing the peak phenomenon for you when he discusses the mine in the Andes and the production costs.

If you don't know much about mining, you'd go WTF <boggle> over a mine there.  Why not just drill in S Africa or in Montana or something where "there's plenty of gold" or whatever you heard.  Just like people who don't know oil boggle over deepwater Horizon which is a relatively unexceptionally deep or technically challenging well.  Why not just drill more holes in Texas or something, I heard there was "plenty" of oil left.

This is how peak "looks" when you approach it or pass it, fragmentation of supply sources, increasingly WTFish locales and technical challenges that surprise laypeople, costly extraction and development.

Jul 14, 2010 5:27 PM

Agree 100%.  Truth divides.  Go into a room with average people and try telling it.  See how the lies spring up to unite THEM against you

Jul 14, 2010 5:33 PM

naw...ppl would give anything to go back to "Morning in America."

the only reason attitudes are "changing" is because people feel like they're not getting "theirs" or are being fucked over in some way.  Hell, "Drill Baby Drill" got a big chunk of the vote.

But on the way, a lot of the masses are going to cheer for "austerity" if the right cult of personality tells them to do so.  They'll applaud the selling out of America right from under their feet.

On a humorous note, I see an ad from WFC in the block that Tyler sold out to the big banks.  Something about "I want to pass on the wisdom that I've attained."  Given recent news, I was wondering why the old guy didn't look more like a mexican Pablo Escobar lol

Jul 14, 2010 5:38 PM

call it Rentier Monopoly.

And when you pass Go, you collect so little that a rent should cost you the leg of the little dog piece or the arm on the horse rider.  Just start carving chunks out of your token.

This is the ideal world for the overclass.  Tons of little tokens navigating THEIR world and giving them a nice supply of shit they don't have to work for so that they can pass it on to their children.

Like I keep tellin people, all those Rothschild PALACES did not build themselves

Jul 14, 2010 5:43 PM

Cannibalization, bitchez

Jul 14, 2010 5:52 PM

gotta get rid of the taxation power, methinks.  Flat tax perhaps.

Gotta admit that it is LUDICROUS that a rancher or farmer or some other productive person out there in say N. Nevada has one vote because their land is occupied by cattle that people want to eat, whereas a bunch of useless leechfucks in Las Vegas outnumber him 1000000:1 and can vote representatives who divert his water supply to fountains outside of casinos.

The entire study of GDP is a fucking SHAM.  A gov't borrows and spends $1 and it changes hands 10 times, that's suddenly $10 worth of production? 

Jul 14, 2010 7:45 AM

Nobody, repeat NOBODY should be at ALL surprised by the size of the debt when the growth rate has been relatively level over time!

The debt has been doubling every 7 years or so.  In another 7, it will be 26T.  This is the simplicity of the math!

There's an old parable about a king, grains of rice, and a chessboard out there.  Behooves everyone to grasp it.

They should teach geometric growth to rubes solely as a doubling interval...seems to be the only way they can get it.  People understand doubling from blackjack and billiards

Jul 14, 2010 9:27 AM

ashkenazi iq>chinese iq

Jul 14, 2010 9:32 PM

there's no virtue in poverty. Most poor are that way because they lack the attributes to ever acquire any wealth.

What we need to do is remove legacy nepotism and establish merit-based societal models.

If you elevated the poor to power, they'd quickly destroy everything like their do their own lives.  Elevate the SMART to power, instead of founding an idiocracy

Jul 14, 2010 9:34 AM

Huh?  CREITs like SPG have been paying dividends in stock.

What you describe for DRYS is the proven recipe in this market for the stock to go to 10000

Jul 14, 2011 4:41 PM

Barney Fag is such a fucking joke

Jul 14, 2011 5:07 AM

the structured finance market relied on ratings agencies to "permit" various entities to own various sliced and diced up ABSs.

This was an essential component of the systemic fraud, plausible deniability.  I mean who knew this CDO^2 was junk, it was rated Triple A.

Jul 14, 2011 5:33 AM

an analysis from the ethnicity of narcissists

Jul 15, 2010 10:03 AM

works better at WHAT, blowing even HUGER bubbles?

This evidence, which is corroborated by other sources, seems to suggest that China's magical centrally planned economy run by slanty-eyed chinese men who are just smarter than roundeyes because China is 1000s of years old, is complete and utter bullshit, a ponzi.

Nevermind the black lung and people selling their kidneys to make interest payments

Jul 15, 2010 10:39 AM

Potemkin Villages are so convincing.

Venture out into the non-tourist cities next time

Jul 15, 2010 11:37 AM

ECB becomes lender of first, last, and only resort.  Just like here.

there is no organic source of credit growth.  The debtmoney systems are trying to implode

Jul 15, 2010 4:24 PM

Leave them.  They don't want to be awakened and get mortally violent if they are.

You assume that danger is immediately obvious to everyone or that you have a level of trust to convince them even if they don't apprehend it.

You can go down with the ship trying to convince people to get onto the lifeboats.  I won't.

Jul 15, 2010 4:31 PM

why are you defending yourself from accusations of racism?  Who cares?  You shouldn't.

Jul 15, 2010 4:37 PM

You guys are missing a HUGE point. Pay attention to what this chump Kreiger DOESN'T say more so than what he does say.

Find me in his polemic an alternative political candidate and you can see the closed mindset he's wrapped himself in.  It never OCCURRED to this dude that there was any other alternative.

That's game, set, and match, folks, when people don't even grasp that they have boxed themselves.  False dilemma is a classic logical fallacy. 

Jul 15, 2010 4:48 PM

lol

Who cares about the fucking slaves?  They should have all been repatriated to Africa

Jul 15, 2010 5:01 PM

again with the two-party false dilemma.  Boxed-in, pigeonholed minds.

People voted for Obama to absolve themselves of the 80 years of race guilt the Tribe's racebaiting machine has fed them.

That is so pervasive, just look around you.  You see knockdown dragouts over being called "racist."  People fear it.  That's how all-encompassing this thing is.  The machine was big enough, using its cousins who own all the major studios, to push through movies suggesting that YOU are the cretin. 

They can wave a black candidate around and get people to salivate to the bell over it.  Just to try to prove a negative!

Eazy E and the JDL built gangsta rap.  You're being played for fools by dual citizens who basically despise you.

Jul 15, 2010 5:12 PM

I agree.  Bama is incredibly dangerous.  Because, like a crocodile, the racist!! label lurks just under the water to destroy anyone who objects to the fucking color of his suit.

He's the ultimate teflon trojan horse.  There are at least 3 or 4 incredibly well-funded advocacy groups, essentially run by people with cousins as the heads of the major banks, forming a familial nepotistic interlocking directorate with the Fed, private finance, and all the major "respected" media, who will straight up destroy you.  In an adjacent cube, I see some rag with a big headline "Is the Tea Party Racist???"  It's goddamned everywhere like the Sword of Damocles prepared to come down on ANY threat to the status quo or ANY assemblage of critical mass of caucasians.

Meanwhile media holds as paragons groups with average IQs of 85 and homicide rates 10x baseline.

Unless the monoethnic interlocking directorate is broken apart, this will all lead to a very dark place.

Jul 15, 2010 6:14 PM

False dilemma again...what, are we going for a new record on this topic?

Keep believing the only drink choices are 7-Up and Sprite

Jul 15, 2010 8:32 AM

Immense tail risk.

USSR and Argentina went through deflationary collapses.

The notes of bankrupt states do not suddenly become more worthful because the accounting ledger says they should be.  Things just fall apart if those types of stresses appear.  Remember, the gov't needs dollars too.

Jul 15, 2010 8:34 AM

VAT?  Fuck you Roubini.  Just another tribe hack pimping for his plutocrat cousins.

How about cutting the perpetual state of war?  The same thing destroyed the Spanish Empire when they ran out of reserve currency to fund their stupid conflicts. 

Jul 15, 2011 11:31 AM

who the hell is going to defeat the Fifth Fleet?

Jul 15, 2011 11:55 AM

not clear here how piling on more unpayable debt crushes PMs.  The debt will need to be monetized.

Jul 15, 2011 11:58 AM

so yeah, um BAC is up there too and do you trust THEIR balance sheet?  I wouldn't trust a chinese one further than I could throw the BAC HQ

Jul 15, 2011 12:50 PM

like...YUCK

Jul 15, 2011 3:40 PM

Unstable, bitchez

Jul 15, 2011 3:55 PM

blacks again?  Bcuz that's who it was in Atlanta for the same vouchers

Jul 15, 2011 3:57 PM

idiot.  Take a look at the vouchers stampedes.

Then take a look at the people in the 30s.

Notice any GLARING differences?  Like that jump right out at you?

Jul 15, 2011 4:00 PM

JFC, you fuckin idiot, NOBODY wants to scroll past your fucking 500 lines of bullshit!

Jul 15, 2011 4:05 PM

jews run the MSM and finance...why would the MSM "notice" them when they ARE the MSM?

Only antisemitism of the 1st degree dislodges them from this stranglehold.

I'm still not sure how failure to raise the ceiling causes default.  Default is when you stop paying on your debts, not when you can't get more credit.

Jul 15, 2011 4:07 PM

Brooks Bros is cheap shit

Jul 15, 2011 9:30 AM

Tyler wasn't bitching when increased loss reserves were counted AGAINST income.  Only now does it become a "fantasy"?

Jul 15, 2011 9:34 AM

uh...no.

Citi's losses were greater for some time due to loss reserves being counted against income.  They are merely backing out those monies.  These funds were not counted as income when they were reserved; they were counted as a loss.  Now they are counted as the income they should have been, just in a later accounting period.

You idiot doomers need to get edjamacated and stop frothing over Tyler's trollbait.

Jul 15, 2011 9:42 AM

you DO understand that moving the money into reserves generated an accounting LOSS for the period in which the funds were reserved, right?

Jul 16, 2010 1:17 PM

There was nothing you could have done.  If you decided to not partake, you were forced to rent into a rental market driven by the monthly mortgage payments of "investors" who did.

 

Jul 16, 2010 10:00 PM

Gold is not the most inert metal in the world.  Several platinum group metals are more so, capable of withstanding attack by aqua regia, particularly iridium

Jul 16, 2010 10:15 PM

I have an old Eagle that has some spots like this.

Crown gold is not 925, tho, there is no 925 gold.  It's 22kt, which is .91666.  925 is the Tiffany standard for sterling silver

Jul 16, 2010 10:57 AM

Blame the legislators who socialized bank losses.

There is no moral problem with walking away from a debt contract.  Any corporation can Chapter it and walk, why should little people not be able to?

In fact, that's what the very BANKS themselves did, like WB, WM, and LEH.  They just BKd it up and that's that, nobody came after the officers to take their private assets.

Jul 16, 2010 11:11 AM

Above your weight class? There's no one who didn't. Where the hell were you supposed to live?

In a housing bubble, RENTS rise with mortgages. Even if you don't partake of the bubble by purchasing, you are at the mercy of those "investors" who do! Even now, you see a lot of rental housing listed for rent at what the mortgage is. And they won't yet drop because of all the bullshit the gov't and banks are doing. Nobody is looking for real cashflow as long as they can play pretend on their M2Ms.

It was in your financial interest to PARTAKE of the ponzi and then get out before the crash. That's the nature of the herd moving one direction. You can't swim against it.

Jul 16, 2010 3:13 PM

Fuck, what an idiot.

How did it work for the Argentines after they locked the banks and revalued the paper, you retard?  Try going to the store and buying something with obsolete FRNs if they pull an Amero on you.

Yeah, the Dollar will last forfuckinEVER just like every other fiat currency.  What does it take to get through to you morons?

Jul 16, 2010 3:15 PM

Wow a whole $17.  Jeez.

I am short ZION, it's down like what 4x that?

Jul 16, 2010 3:18 PM

The USSR and Argentina endured deflationary collapses.  what happened to their paper?

Don't worry, this is an easy one.

Less of everything = cheaper?  Must have flunked supply/demand 101.  The problem with you people is you do not understand basic economics, neither does Krugman or Bernanke.

Deflationary collapses always lead to worthless paper...that's what happens when debts get discounted to ability to repay and all FRNs are someone's debts.

Jul 16, 2010 3:27 PM

You know that most people are not buying gold here for a trade, right?  I mean, at least that's my perception.

I'm a deflationist too, but I know that every deflationary collapse ends in worthless paper.

If you want to "trade" this, you'd better have an exit in mind.  The window to get out of your paper won't be that wide.  Real Bills will begin to spontaneously express in response to lack of creditmoney.  This is already occurring in depressed states such as MI.

Banks ARE willing to lend, dude...nobody is willing or able to BORROW.

I have NO IDEA as to the fascination with this fiat paper that some have, like this is "value"?  It's just a monopoly that the larger market will ADDRESS insofar as this "precious dollar scarcity" is concerned.  The market will create other currencies as emergent phenomena.  IOW, paper money will NEVER be scarce.

The freakin FRN has only been around for 100 years and people look at it as if it's as old as the Sun.  Even IT won't last forever.

Jul 16, 2010 3:53 PM

Lemme get this straight, jackfuck...gold fell all of 1.5% today, a whopping SEVENTEEN dollars and some change, and you're acting as if it has ALREADY fallen to triple digits?

Are you fuckin stupid or something?  It's at 1190.  Has $200 to fall before you can CROW about its ACTUALLY being in triple digits.

Until then shut the fuck up.

Jul 16, 2010 4:08 PM

Look, this is simple shit really.

I feel like I have to moderate between the deflationists and inflationists everywhere I go.

Gold is not a trade.  Gold is not "money."  Gold does not have "intrinsic" value.  It's a commodity that currently a lot of people will trade things for.  Simple as that.

Those thinking gold will go to 50000 and gas will not go to $100 are fools.

Those who think we'll deflationarily collapse and their FRNs will be worthful are ALSO fools.  At the end of EVERY deflationary collapse is a currency revaluation.  WHY?  Because it's the ONLY WAY to make the MATH work!

As we SPEAK, other forms of "money" are self-expressing around the country in the ABSENCE of credit (which is money in our system).  MONEY will NEVER be scarce!  Only FIAT money or a particular BANK's money.  And you know what happens when that occurs?  Do you know WHY deflationary collapses always lead to currency reset?  Because the MONEY starts to LOSE its "moneyness."

Scarce FRNs stop serving monetary purposes!  They cease becoming currency and WITHOUT that, they have NO value!  People in depressed areas are already using Real Bills Doctrine to coupon out their own services and real assets.  Why?  Because nobody has any FRNs.  In those places, OTHER things are money.  Sure, they'd love to have FRNs, but the only way to get those is to borrow them from a bank.

People are eventually going to REJECT the FRN as money and repudiate its moneyness by repudiating DEBT.  This is the way of things.  When Brazil's Cruzeiro Real collapsed as a result again of deflation, or the USSR Ruble collapsed due to deflationary collapse of the USSR, people spontaneously repudiated the moneyness of the fiat note!  The government cannot LEGISLATE worthfulness and it certainly cannot force you to borrow.  It can only tax but it does so at its own risk.

It is not as if MONEY in the abstract came about as a result of BANKERS.  We will be JUST FINE without them.

The MARKET will determine the ratio of bushels of wheat to buckets of coal, of ounces of gold to pussies, and of hours of doctors' time to cattle.  Real Bills Doctrine glues that all together by putting those entitlements, which are real assets, onto paper which circulates as money.  Scrupulous bankers will emerge to discount these bills and provide printing and liquidity services for them. That's how society WORKED for 1000 years, before the dark times...before the BANKPIRE.

I don't know what the hue and cry is over the freaking "value" of the FRN as if it's some eternal INSTITUTION of some kind or of gold for that matter.  They are both supply and demand instruments like any other!  Pussies command a good price here in the US, but among, for example these grasseater Japs, they command next to nothing!  That is the beauty of the market.  NOTHING has absolute, instrinsic value...it's all supply and demand.

The FRN will not live forever, no other note has.  Just start planning for when real things matter more than bullshit promises and whizbang financial "engineering."  Stockpile coal, oil, wheat, cattle, pussies, it doesn't matter.  Whatever floats y'alls boats, for the love of God.

Jul 16, 2010 4:18 PM

Roosevelt repriced the DOLLAR, dipshit.

You wanna take "winnings" off the table, go ahead...what are you gonna store them in?

The FRN is a confidence racket, a pure ponzi.  THAT is you guys' idea of wealth preservation?  Treasuries???  Of a bankrupt State!?!??!

This is what happens when people get mindfucked by unbacked currencies built on pyramids of debt and bullshit.

Let them suffer the same fate as hoarders of the ruble in 1989.  I mean I can tick down the list of paper that went bust.

Yes, yes, this time will be different and the FRN will live forever!

The bankers LOSE (with ONE fucking 'o') all the time.  They just keep coming back because there are always ready supplies of idiots to salivate over their confetti.

Jul 16, 2010 4:24 PM

huh?

The debt system is closer to collapse THIS year than last, you yourself are calling for crushing deflation, yet last year was a better time to buy gold?

How the hell do you know that the euro funding lockup won't turn into a fullblown run on paper like say next week?  Locking you out of your banks, shutting shit down, going all apocalyptic like Sep 08?

given what we're facing, I think pretty much whenever you can is a good time to buy gold.  If you don't like gold, shit buy platinum then.

You need to use your brain, man, you're smarter than this.

If the FRN becomes scarce, it stops being money.  Deflation presages revaluation; there's no other way to make the math work.

Jul 16, 2010 4:36 PM

Whatever the fuck you say, moron.

these people are not my friends nor do I agree with them OR you.

I am AGAIN surrounded by Philistines.

Among 100 of you perhaps 1 or 2 get it in any meaningful sense.

Jul 16, 2010 4:40 PM

Dude you're fucking AMAZING.  Bearish at 1220!  WOW.  A whole $30 above current spot!

Fuck man, your talent is REALLY wasted trolling ZH for goldbug morons.  You sure you're not really a professional trader?  I mean with calls like that and huge payouts that take months to deliver, it's amazing we can get your sagacious advice for free.

Jul 16, 2010 4:44 PM

yeah it was up in AUD, down a speck in BRL, GBP, CHF, and a host of other currencies.

In case people hadn't figured this out, gold is portable.

Jul 16, 2010 4:54 PM

Cash?  You mean the foundational debt ponzi instrument?

I marvel at the uselessness of it all, but these days are coming to an end.

When you say deflation, you are saying the same thing.  The HFs may as well get paid in unicorns.

HFs, leverage, and financial speculation are late-stage growth system artifacts.  Supposing you shorted the phonebook in the front month and the next day the market went to 0, how much do you think you'd really walk away with?

I would short GLD to hope to have more FRNs that I could then turn into real GLD.

Jul 16, 2010 4:59 PM

CHF, bitchez

Jul 16, 2010 5:57 PM

Micro, bitchez

Jul 16, 2011 12:02 AM

an assload of honest white people?

Jul 16, 2011 12:22 AM

are you stupid enough to think that being in the top 1% means you should pay 100-1 % of the taxes?  The top 1% doesn't earn 99% of the income nor have 99% of the wealth.

You idiots and your fascination with taxing everybody other than yourselves.  Yeah, let's put more money in the hands of the government...morons.

Jul 16, 2011 12:25 PM

get a proofreader, dude

Jul 16, 2011 6:25 PM

thank god for the nanny state!

And Oblama is a JOKE...he conned Mike Krieger outta his vote, though

Jul 16, 2011 6:27 PM

nah, the prevailing rumors are that he likes to receive from older white men.  Apparently, some of our esteemed GOP "representatives" like to service

Jul 16, 2011 6:31 PM

ROTFL...do those who claim there are no races ever look at clinical drug trials where they ASK for volunteers (subjects) of specific RACES?

Or do they question how forensic pathologists can take a SKELETON devoid of anything else and reconstruct the features (including the skin color and predominant racial features) if, well, fuck, it's IMPOSSIBLE to know because race is just a skin color?

Jul 16, 2011 7:04 PM

Frank got her and his nephew (Nick "Cage") bigtime careers.  Neither one of them has any merit

Jul 16, 2011 7:09 PM

You could say the same thing about Busch, though, too.

He won all kinds of legislative issues, got his SC nominees.  He got us into two fuckin wars.  Won against a sitting VP, then got reelected despite huge hatred and a devoted corps of people saying he was illegitimate.

Jul 17, 2010 1:03 PM

Yes, because FDR confiscated to prevent a run on the Fed which would have collapsed the dollar, then revalued it to prevent a run on the USG.  The bond collapse made a revaluation necessary.

The USG is a much huger debtor now than then and our funding is increasingly duration skewed towards the short term

Jul 17, 2010 1:22 PM

Dunno how gold bugs could go broke.  They aren't making leveraged trades.

Everyone here owns a car, right?  And, each and every minute, the market value of that thing goes down.  So you buy it and a few years later it's worth half then a few years more, half again.

Are you BROKE because of this?  Gold has a 10,000 year history of being worth something, as do a variety of other commodities, including alcohol and pussies.

Broke is about cash flow.

Jul 17, 2010 3:20 PM

See this is the thing here.

Everyone is looking for an "investment."  They want their money to "make money" for them.  That's a ponzi.  Everyone wants the ponzi.

Gold peaked in 2000.  Nothing that has happened since has been inconsistent with a commodity after it achieves peak supply.  Those looking for gold to crash back to 200 are ignoring that.

Just wait until we fall off the oil production plateau.  The days of money just "making money" and idiots lookin for "the trade" to earn wealth by doing absolutely jackshit productive are ending.

Jul 17, 2010 3:24 PM

what bubble?  gold peaked in 2000.  That is when the price started rising.

I really honestly cannot pretend to have respect for people who are "traders" who complain about the ponzi and the bezzle. 

You claim bugs worship the metal, well traders worship paper and ponzis and have no freaking clue about production or macroeconomics

Jul 17, 2010 3:38 PM

thank goodness for "traders" looking for "investments" to completely fuck everything up.

futures markets were supposed to be for producers and consumers, not fucking BNP Paribas and random fathead traders.

Some are calling for regulation as it's apparent we HAVE NONE NOW despite the existence of colluders ostensibly employed as regulators.

Those who say we need "free" markets are like those who watch the referees cheat and say bah to anyone who claims we need refereeing.

Jul 17, 2010 3:56 PM

ZH FTW

Jul 17, 2010 4:01 PM

CPI is falling because credit binge items are seeing massive decline in demand, reflecting a near liquidation in effect on prices.

Essentials such as oil or gasoline, not.  Premium still at or above $3/gal.

When the inventories are worked through, prices will reset higher and permanently.  This is the way it is throughout the 3rd world.

The ONLY silver lining is that housing and land in a lot of these places is comparatively cheap.  Locally produced food is also affordable but indexed to incomes, it's pretty much the same everywhere.

Trust me:  supply AND production WILL come down to meet demand.  We're on the backside of a production glut fed by a demand bubble.  The "deflationist paradise" will not last forever.

Jul 17, 2011 2:02 PM

Diversity, bitchez

Jul 17, 2011 2:42 PM

you can't EVER educate the "masses," as they lack the intelligence to be educable.

Erase WHAT discrimination?

Jul 17, 2011 3:02 PM

it is a huge bunch of bullshit

Jul 17, 2011 3:22 PM

"our"???

You DO understand, right, that the entire reason for the US's poor health metrics is a result of blacks and hispanics?

Redo your comparison using whites and asians.

Jul 17, 2011 3:32 PM

nice cherrypick there.

How about fuckin soccer, moron?

Jul 17, 2011 3:45 PM

I've only told you what it shows about a dozen times on ZH.  Probably more.

In fact, the US violent crime rate subtracting out blacks and hispanics is lower than europe's.  That's just one example.

"We" do not have a problem.

If you broke everything out by ethnicity you would see some very startling trends emerge.  For example, blacks account for over half of violent crime all by themselves.  Black men have up to a 75x rate of STD infection than white men.  10x the murder rate.  Astoundingly higher rates of drug abuse, a 30-year test score gap that hasn't closed an inch despite trillions thrown at it.

It's time to just simply accept the obvious here instead of blaming boogeymen or the successful populations.  Asians don't seem to need any help conforming to law, graduating highschool, or avoiding massive obesity rates, so it cannot be a matter of racism against nonwhites, especially when you consider the pretty shameful history of treatment of chinese and japanese in this nation.

Jul 17, 2011 3:49 PM

poor whites typically have lower rates of the problems compared to minorities.

Race is a far larger factor than income...income doesn't cause these problems; they and the poverty are caused by other factors.

Jul 17, 2011 3:50 PM

income inequality is caused mostly by massive discrepancies in inherent aptitude.  Just like grade inequality in the classroom is.

Jul 17, 2011 3:57 PM

yes, the US probably has the highest inequality between the basic aptitude of its populations.  Combined with an elite population that averages IQ 120+, you have a 3rd world population averaging 85.

Our teen pregnancy and homicide rates come from the latter population.  It should not be expected that a population with very low attributes should excel.

Poverty does not cause crime, crime causes poverty.  Or to be more accurate, the innate factors that lead to criminal behavior also lead to poverty.

Jul 17, 2011 4:03 PM

most of his presumptions are bullshit.

Teenage girls know how to avoid getting knocked up; everyone does.

The problem is the impulse control issues that the most highly-knocked up population has.  These same issues lead to all the other negative indicators.

I question the sanity of those who think that things can ever be "equalized" when the basic fact is that humans are not equal

Jul 17, 2011 4:55 PM

idiot.  There are substantially MORE white people than blacks.  There should be more receiving assistance if assistance rates match population.  However, they do not.  Blacks are receiving assistance at far higher rates than whites.

Stereotypes wouldn't be stereotypes if they weren't based on valid statistical generalizations.

Poor people in india seem to manage to avoid gigantic obesity rates.  Your entire premise is full of shit

Jul 17, 2011 5:07 PM

"both" races?  What happened to the others?

As far as good parents, no...they sometimes get adopted into good families and the studies demonstrate that they trend very closely to their biology, not their environment.

Jul 17, 2011 5:47 PM

Taiwan may not want to be part of China.  We let everyone else secede

Jul 17, 2011 7:05 PM

the CHF denominates a lot of debt...as that repays or defaults, CHF gets strength

Jul 17, 2011 7:08 PM

gold and silver won't be transacted.  Some other paper will.  In no case of currency collapse have reserve wealth assets like gold been transacted directly.  If the USD collapsed, the CAD or BRL would take over.

People will find some other paper which still has some confidence behind it.

Jul 17, 2011 7:19 PM

awesome!  The economic collapse is nothing that can't be solved by even MORE diversity!

Lord knows minorities have so many successful businesses and the repayment rates of loans to minorities are spectacular!  Those racist FICO scores are a minor nuisance in the path of the diversity juggernaut

Jul 17, 2011 9:06 PM

yes, because the non-slaves in africa were doing so well at, like the time of Aristotle and shit.

It's ALWAYS whitey's fault, forever.  Every failure of a black is the fault of white people.  Forever.

Jul 17, 2011 9:10 PM

no cost is too great to create an artificial black middle class

Jul 18, 2010 1:39 PM

did I say I wanted free markets?

Let's have a free football game and see what happens, no referees.  The big and the strong will push the small and weak around like when you have the big stack in texas hold'em.  They'll make the rules as they see fit.

I want regulated markets where the regulators actually DO their fucking jobs as the law outlines.

Jul 18, 2010 4:05 PM

Am yet to see any cogent analysis of gold's price trend that mentions the Peak in 2000...

Instead people would rather cry bubble and conspiracy.

The demand for gold is driven by the desire of people to use it as a storage of their wealth in alternative to paper.

WE in the US act as if our paper is immutable...most in other nations have seen vastly higher rates of devaluation, collapse, financial crises, etc.  I marvel at the paper bugs...what would they say to a Brazilian, Argentine, venezuelan, Russian, indian?

As long as the world produces wealth, people will seek to denominate some of theirs in gold or other physical commodities.  But yearly supply of gold is now decreasing.  Put 2 & 2 together, sheesh

Jul 18, 2011 1:55 PM

that seems to be a recurring theme with diversity...they fuck up everything they come into contact with.  Free homes, cities, states, turnkey countries...nothing is built strong enough to withstand their corrosion.

Jul 18, 2011 10:28 AM

everybody already ordered a 787, which was supposed to be out by now, but the executive-enriching "globally sourced" idiocy of Boeing has prevented that.

There is a glut of planes.  Too many models, and a lot of competition, exist in every size class.

Jul 18, 2011 10:31 AM

what is, "sucks"?  Aviation for 400, Alex

Jul 18, 2011 10:34 AM

Too bad we don't have Yahooligans around to crow about their fat 35% coupon LOL.  Those were the days, when shit like WM was imploding and the bagholders were bragging on the huge dividend ROTFL

Jul 18, 2011 10:35 AM

thus the genesis of the term "jew confetti"

Jul 18, 2011 11:26 AM

if you're in equities, you really ought to be defensive like that.  Coca cola will do well in a contraction climate as will MO and plenty of others.  Companies can't fake dividends.  Nothing wrong with low beta either, and non-growth stocks.

Jul 18, 2011 11:30 AM

paper doesn't get more worthful in cascading sovereign default situations.

this is like a nightclub fire...you need to be making your way to the exits at the first sign of smoke and not after the stampede begins.  Those deflationists looking for that huge "buying opportunity" for their precious paper notes (backed up by defaulted debt and BK sovereigns) are akin to people saying they'll stay in the nightclub and pick up dropped cellphones and wallets after the panic begins.

Jul 18, 2011 11:33 AM

how dem hoez be comin up wit my moneys when they ain't no paper on the strizneets?

Jul 18, 2011 11:37 AM

and?  The point of my statement is that all this paper shit is just so much confetti...it's meaningless.  This is what the bavarian producers were getting at.

The buildings and power plants will still be there and those back in the Weimar era repudiated the authority the jew confetti had over their REAL lives.

Think about the world and the "crisis"....a bunch of paper claims dictating who eats and who starves?  WTF.  Sure the peak oil issue means contraction but the rest of this confetti could vaporize and only those who peddle it would be affected in any material sense.

Jul 18, 2011 12:01 PM

read Mein Kampf and you will see that Hitler had a lot of bees in his bonnet.  There was an immense amount of social corruption in those days and the confettiers ended up controlling almost the entire nation after they bankrupted it.

Their cousins in the banking system assisted them in acquiring physical ownership of a whole nation.  At that point, the masses of Germans were dispossessed of their own homeland by self-proclaimed outsiders.  How can that NOT lead to war?  I mean hell, one of the reps at Versailles for the US was Paul Warburg and his BROTHER was a representative for the Germans.  It should be unsurprising what transpired as a result of the collaboration of relatives and cousins who regard themselves as their own nation.  Neither side in those negotiations had any allegiance to the country they lived in.  They had allegiance to their ethnic clan and their relatives.

The Weimar hyperinflation was VERY good to certain people and horrible to a lot of others.

Jul 18, 2011 12:17 PM

I know several people who make that observation

Jul 18, 2011 12:31 PM

POG now 4 digits in every currency

Jul 18, 2011 2:03 PM

why should we repay bankers money they conjured from thin air plus interest?

Jul 18, 2011 4:14 PM

SS inflows to the general fund.  It outflows from the same place.  Therefore, it is irrelevant if receipts exceed outlays.

SS is paid based upon its needs and its redemption of special treasuries which the left hand can elect not to pay.

Jul 18, 2011 4:36 PM

I'll take Pladizow's avatar as my "short term bottom"

Jul 18, 2011 6:11 PM

GD1 part 2 had stocks and bonds crashing...aka no safe harbor in anything paper

Jul 18, 2011 6:17 PM

diversity helps South Africa.  Somebody needs to buy all that HEU before they take the inevitable steep plunge to what Zimbabwe is.

Jul 18, 2011 6:26 PM

onetime would shut them down for lack of a permit

Jul 18, 2011 8:51 AM

this moonbat shit aside, gold help us if they find a major industrial usage for gold

Jul 18, 2011 9:15 PM

SEC got no control, bitchez

Even if they did, they are looking the other way...society has become corrupt to its core.  The Party is in charge

Jul 18, 2011 9:30 PM

the real question is whether that giant H&S confirms...I had a friend wanting to short the start of the right shoulder and I said wait till 1350+.  Either this thing should break down past the neckline hard or rally like fuck off of it a la that big July H&S

Jul 19, 2010 11:03 AM

I gotta agree w/ Bravo...all these calls of 10 or 50k are insane.

gold is priced what gold is priced.  If gold goes to 50k, gas goes to 100/gal

Jul 19, 2010 11:14 AM

"Pay" off?? In what!?!

You guys are hoping for a BUBBLE?

Jul 19, 2010 11:16 AM

They better start printing and right quick.

Euro action driving the POG, both directions

Jul 19, 2010 11:31 AM

Only gov't is borrowing at this point.

The banks are borrowing from them and lending back to them, creating money.  The expectation was that all this excess reserves profit would end up out in the economy.  But without us stupid peons doing the right thing and levering up further in the face of inarguable declines in income, the money just sits there, parked.

Gov't is going to have to spend it into the economy but every dollar they appropriate seems to end up right back in the pockets of the elites

Jul 19, 2010 3:23 PM

Gibbs never tells the truth tho

Jul 19, 2010 3:27 PM

like duh...just swap this shit to the Fed!

Jul 19, 2010 3:44 PM

6, bitchez

Jul 19, 2011 1:08 PM

sees it how?  On the TV we invented?  Or on the iPhones we invented connected to the cell towers we invented, across the internet and fiber optics we invented to the computers we invented to the "mass media" we also invented?

IOW, fuck the rest of the world, and especially China

Jul 19, 2011 1:16 PM

uh, you pretend to be a young girl on here, you would not be drafted

Jul 19, 2011 11:05 PM

why is it everyone points out the rampant fraud and bad loan problem in China, that you guys invariably say OH WELL THE US!!!!!

I mean, wtf, there's plenty of time to bash the fuckin US on all the other threads about the US banking system.  This article was about China's banking system which is even MORE chockfull of fraud and junk paper than the US's

Jul 19, 2011 11:09 PM

the article doesn't say that at ALL.  In fact, if you do ANY research into China you see that their problem DWARFS the US's.

WTF is with you people that you INSIST on bashing the USA for everything?  The Chinese are not fucking special; they are running a goddamned PONZI just like we are!

Jul 19, 2011 11:16 PM

don't get in the way of GW's bitching.  Inequality doesn't cause depressions anyway and RSA didn't hand over power to prevent violence.  The apartheid regime could have lasted forever because the average 70 IQ proles can't run the fucking country NOW much less have wrested it away from people one sigma to the right of their mean.  Apartheid ended as a result of western pressure, the same as in Rhodesia.  And the majority promptly have assfucked both countries on their way to complete collapse

Jul 19, 2011 11:19 PM

good, then we will be stacking these mfers DEEP

Jul 19, 2011 11:22 PM

whites are fleeing because there is no longer any rule of law.

See Deathofjohannesburg blog...along with many others.

Hell, see thugreport for the face of crime here.  Fuckin Cops producers admit that they have to grossly STILT their coverage so as to make it appear that the majority population in the US commits more crimes than they really do.  Watch First 48 if you want to see reality.  That show doesn't stilt. 

Latest data from NYC shows blacks and hispanics commit 90% of the murders and 97% of the shootings.  WTF.  You want this diversity, bitchez, you can HAVE IT.

Jul 19, 2011 11:30 PM

you act as if blacks have critical thinking skills...if they were smart enough to figure this out, they wouldn't be hind tit in every society that they populate

Jul 19, 2011 11:34 PM

South Africa had a higher murder rate than Iraq during the war

Jul 19, 2011 11:35 PM

WTF stupid shit are you talking about?

Violent crime rates are FALLING, dude.  Not rising.

Inner cities everywhere are being gentrified, which is a great thing.

Jul 19, 2011 6:54 PM

so you claim to actually be a girl of 20 who stacks silver and likes Ron Paul? 

This is like the loch ness monster of credibility

Jul 2, 2010 1:37 PM

Austerity = pay the bankers back in your blood, flesh, property, and daughters for the fake capital they lent you that they never even actually posssessed.

Jul 2, 2011 3:11 PM

why should savages have equal rights?

Jul 2, 2011 3:37 PM

seein the same thing on my end...up at least 50% just in the past couple of years.  When Bamacare is ruled unconstitutional, I'm not betting I'll see a reduction.

Jul 20, 2010 1:26 PM

GFD these economists are STUPID.

I DO NOT WANT MORE DEBT.

I don't want to "SERVICE my debt" like a hooker services her johns.

I don't want to pay more INTEREST to bankers.

You give me free money, i am down, but I don't want something from them I have to repay.  Fuck that.  They can keep their jew confetti.

Jul 20, 2010 10:28 PM

For this question, it's instructive to look around the world at developing nations and see how price structures are.  Take a look at Brazil for example.  Got some 1st world places, some 3rd world.

Average salaries are very low, and the price of TVs, cars, etc., are very high.  Despite the car companies making the products there in the country and employing cheaper labor.  It's still R$90,000 for a Honda.  Food is fairly cheap, but consumer electronics, designer clothing etc., very expensive and out of the reach of most.

Same is true in latin america, including Argentina and other places.

Jul 20, 2010 10:40 PM

banks are levered! Look at 2008...a little deflation and nearly ALL of them went BK simultaneously.

deflation helps NOBODY in this system.  The banks NEED inflation.

Jul 20, 2010 12:44 PM

Not dogma

dogshit

Jul 20, 2010 3:26 PM

lol @ this market.

but I am short only ZION right now hahahahahaha...good day for me!

Jul 20, 2010 3:42 PM

It'll be rough for a while...but then hopefully, the credit system goes away, along with the parasite bankers and their confetti, and we go back to what worked for 500 years, real bills.

IOW, a REAL credit system, not a ponzi one with rolling credit.

You have made "credit" and this system coextensive and they very clearly are not

Jul 20, 2010 3:51 PM

There is no reason for any of this to happen.  Not a good one anyway.  It may come to pass, but I would rather see another genocide of the banker clan, good riddance.

Billions killed over math and a balance sheet?  Fuck that.

Jul 20, 2010 4:40 PM

burn the fuckin banks down then?  What's the problem here?

It's not like cops, bankers, gov employees don't have houses too

Jul 20, 2010 6:35 PM

Each and every time a nation has been faced with this mathematical inevitability, it has defaulted.

Deflation will slash wages and production.  Then scarcity sets in but the rich will outbid all others.  Really, South America is instructive - high joblessness AND high prices.  That is the way it is in most of the "developing" world and that is how it will be here.

Just because you don't have a job or any money, don't expect someone to sell cars for $100 again.  Prices didn't fall when production moved to China despite the labor savings.

Jul 20, 2010 9:43 AM

So when GLD crashes enough to cause delivery requests and COMEX can't satisfy, what then?  the tail can only wag the dog so far

Jul 20, 2010 9:51 AM

542k more houses unbought, to be added to the supply.

If the government ever pulls the plug on support, this motherfucker is hitting the gutter.

I mean who would be dumb enough to go into 30 years' worth of debt and pay out the wazoo for a house?  Houses used to run 5 years of 50% of your take-home, now 30 years of 30%?  WTF.

The real problem now is that banks are holding supply off market instead of renting it.  There are actually shortages of rentals now.  Some places have more vacant REO than they do available rentals.

This is what M2Myth permits.  Take the fucking marks, crooks, and start scavenging for cashflow. The senior tranches of the paper could at least be spared if a renter could meet half the coupon...maybe even some of the mezz tranches.  But fantasy marks or not, there IS NO CASHFLOW from an empty unit.

Jul 20, 2011 1:11 PM

everything about the housing market is crisis control.  They have to hope they can trickle this into the market so that the downturn is slow and less-noticed.

Jul 20, 2011 1:20 PM

they should correctly identify the diversity in those 20 signs.  The KO mobs and the mass beatings came from one particular group, as well as all the Atlanta cheating and crime.  In fact, over half of the violent crime nationally (which thankfully continues to decline) is attributable to one group, which we hear daily crocodile tears over incarceration rates for

Jul 20, 2011 10:50 AM

I've got at least 2 of those...I can post the weather forecast and get junked!

Jul 20, 2011 10:55 AM

then they will pay a really huge amount of euros

Jul 20, 2011 10:58 AM

but what kind of confetti?

You have some kinda aversion, don't you, to just saying it

Jul 20, 2011 11:20 AM

bottom line, way too many houses, not enough income.  Simple.

These idiots don't seem to understand that construction growth outstripped demand and the margin was a gigantic speculative bubble.

Prices are set at the margins by slack capacity.

And yet these fuckin HBs continue to go out and build...just insane.  There are those in middle age right now who remember very clearly the 20/80 lending rule and other DTI hard-and-fasts.  These could only be relaxed during a one-way price trend.

Buying a house right now is a gamble against your entire down payment with what in return?  You have to really sit down with an accountant and compare the NPV of the cashflows of owning (with the MID tax break) and renting.  Even if renting is a lower NPV, compare the VaR.

The housing market now is a classic case of where expected value analysis must be performed. 

Jul 20, 2011 11:22 AM

the miniplenty will soon rectify these numbers via the minitruth and you go to Room 101

Jul 20, 2011 11:24 AM

nevermind the vacant supply overhang.  There are many millions of homes that are unsaleable for anything but a loss.

Who breaks for the exits first and starts the stampede?  That's got to be the fear here.  Anybody says fuckit and pulls the ripcord, the avalanche starts.  The market will clear but it will be a very brutal few years while it does.

Jul 20, 2011 11:25 AM

No, it won't.  If you can get the taxes paid, sure.  But this is a different era than previous ones.  The Party slaps a sticker on the front door and it's a bagel.

Jul 20, 2011 12:08 PM

when the euro was in freefall over the Greece 1.0 situation, the Euro POG went apeshit.

A "repeat" of 2008 would suggest realistic odds of US sovereign default.  Lately, the DXY and POG have been going the same direction and opposite of oil in many cases.

Jul 20, 2011 12:09 PM

look man, this is simple...at what point in history have the notes of a bankrupt state become MORE worthful as a result of that bankruptcy?

The FRN is a "risk asset"

Jul 20, 2011 12:14 PM

the shit isn't going to hit the fan, dude.

Do you folks think that there will be some kind of grand MOMENT when it all just "crashes"?

Hell, even 2007-08 wasn't like that.

It's hitting the fan in a drip, ok?  Just prepare for next year to be a little worse than the previous one

Jul 20, 2011 12:18 PM

does he let shareholders go into his vaults?

Jul 20, 2011 12:27 PM

this is easy...compare the cash flows, then compare expected VaR.

You have to do some outcome cases where you say, ok, home goes down by 10%, what are the odds, home goes up by 10% what are those odds, to see what your expected outcome is.

I think the probability of price increases are low.  The odds that they stay flat are higher and the odds that they go down are higher still.  Compare that versus your expectation on PMs, the cash flow difference, etc.  You may still reason that buying is a good idea.  Or you might not.

Jul 21, 2010 1:13 PM

So we just gotta grow like 5% per year, huh?  Sounds like NO PROBLEMO

Jul 21, 2010 1:52 PM

nowhere!!!

But look around you, company after company has a company-wide raise freeze in effect and yet the execs at the top continue to get MASSIVE raises.

It got the investors nowhere, but the execs?  It made them filthy rich!  In many cases, execs get bonused to "cut costs," and that means laying off workers (the little people).

Jul 21, 2010 10:10 AM

so the Swiss actually STILL publish their M3?  Wow

Jul 21, 2010 11:05 PM

This is the most mendacious bullshit I think I've ever seen.

these idiots keep thinking the economy is collapsing because "small businesses" can't go deeper into debt.  WTF.  If the fucking business has cashflow, it doesn't have a credit problem.

Banks "gambling"?  WTF, I thought they were going to describe CDOs and synthetic debt, but no.  "All is well, we've saved the world."  Where is Stalin to liquidate these mfers?

Jul 21, 2010 11:16 AM

4 billion euros?  And they still couldn't fill it?

Jul 21, 2010 11:16 PM

So you're saying it's better to be the one putting people into the ovens than vice versa?  I guess I better get a bigger oven, because mine is taxed by a large turkey

Jul 21, 2010 11:19 PM

in this we agree.  Gold is not a spec trade.

It's a GTFO and go somewhere hopefully out of the way like WAY south america.

There are lots of places already out of the loop, man.  Brazil is a net energy exporter, for example.

WW2 missed most of the world, WW3 will as well.  You worry too much, man.  What we're facing is a protracted decline, no need for a complete crash and zombie apocalypse

Jul 21, 2010 11:23 PM

Mako is WRONG.

Production WILL NOT collapse.

It DID NOT during the 1930s.  There were bad times and then dictators stepped in everywhere and COMMANDED production.

That is what will occur AGAIN.  There is NOT going to be a fucking zombie apocalypse, just get over this disaster madmax shit.

The credit system collapsed in Germany and it took them all of a mere 10 years to get revved back up and start blitzkrieging people.

So their dragnet against the banker clan was a bit broad, you know what they say about making an omelette

Jul 21, 2010 11:26 PM

you're right. better to just move into the gutter NOW so as to present a low wealth cross section to anyone.

because EVERYONE is going to become a zombie going after gooooolllllld.  It's a good thing all my guns have serial #1 on them, and everyone else's on the internet.  Apparently, nobody else has any at all.

We'll all shoot our way to prosperity.  This type of shit happens in Africa.  It won't happen if there aren't a bunch of africans around.  In Japan, life after an apocalyptic quake features NONE of this.

Jul 21, 2010 11:29 PM

Iridium is even more inert...and denser.

But gold is YELLOW.  Gold is rare enough to serve as a wealth asset but not so rare as to be useless for it.  Plus it looks cool.

Platinum is more inert, denser, and significantly rarer than gold.  Either gold is overpriced or Pt is underpriced.

Jul 21, 2010 11:34 PM

Unless these parties are trading it back and forth a zillion times, it's fairly safe to assume that the ounces are never intended to exist.  It's virtually inarguable that paper gold and paper oil and paper everything outnumber the amount of real in the world.

These sellers and buyers that are creating the volume aren't looking to deliver or take delivery of physical.  The entire futures markets have become divorced from physical realities, look at the cocoa markets lately

Jul 21, 2010 11:40 PM

am I the only one on this entire goddamned forum who understands Peak Theory?

Gold's price gains began in the year coincident with gold's supply peak.  The "mean" would shut in a lot of production because it's above that cost point.

The same is true with oil.  The fall below $38/bbl made the entirety of nonconventionals unprofitable.  That's an untenable price position.  Those who claim oil should go back to $20/bbl are simply as ignorant of oil production realities as those who claim gold can drop to $500.

If either of those things happen, uneconomical production gets shut in, supply drops rather precipitously, and price climbs to reflect it.  THAT is the "new normal" in a scarcity climate.  Perpetually high and *rising* real prices.

Jul 21, 2010 12:27 PM

Is ANYONE surprised by this guy?

When TARP proved to unpopular, they just used AIG then QE.

All of this to prevent BANKS from going under which would mean BANKERS would be out of jobs.  Fuck this, burn it all down.

Jul 21, 2010 12:41 PM

naw...job losses slowed well before the election. The bump of positive was just census hiring and other gov BS.

Pretty soon the curve will just flatten out bc nobody will be left to be fired. Then all is saved

Jul 21, 2010 12:44 PM

some of us keep trying to convince idiots that major party votes ARE the wasted votes

Jul 21, 2010 12:53 PM

Guatemala?  Hell, look at Colombia or Brazil or Argentina.

Guatemala is a bit extreme, but they're all kinda apropos.

Even in an upward economic trajectory, nations like Brazil and Chile have vast underclasses.  In Colombia, whole families live together, relying on the wages of 1 or 2 people to support 10.

THAT is the future.  Better have skills that people need.  Gonna be a lot of hungry BAs out there.

One POSITIVE side effect is that women will lose their bullshit snotty self-entitlement and abandon the princess mentality.

Jul 21, 2010 12:56 PM

I'm reading these articles and so far, EVERY SINGLE one of them has an utterly WORTHLESS degree!

WTF can you DO with a political science degree??  Or English? The days of "just going to college" and "just getting a bachelors degree" = ticket to a cushy job sittin at a desk pushing paper in a pantsuit and getting real wealth for it are OVER

Jul 21, 2010 2:00 PM

Miller is a fat idiot.

He, like everyone else, is crying cheap because he has already penciled in a return to systemic growth.

He does not accept nor realize that we are now entering a phase of prolonged contraction.  Stocks are not fucking cheap based upon the forward prospects of the world economy in an oil scarcity climate.  ESPECIALLY stocks that don't pay fucking dividends.

The only way they are cheap is if the ponzi can come back.  The N225 has been cheap for 20 years if you assume it will one day cimb back to its alltime highs

Jul 21, 2010 2:10 PM

watch, bitchez

Jul 21, 2010 2:55 PM

But so is Federal Ammunition and Federal Express, right?

Jul 21, 2010 3:50 PM

get her and a videocamera together with the one who kept showin her tits

Jul 21, 2010 6:09 PM

who gives a shit what China says?  A currency manipulator talking about credit ratings???  With the shape THEIR banks are in?

Jul 21, 2011 1:52 PM

Broke, bitchez

Jul 21, 2011 11:22 AM

if a downgrade occurred, would this not dislocate the entire paper pyramid equating USTs with the AAA paper mandated for certain swaps?

I mean, wouldn't this trigger collateral calls all across every swap and repo spectra?  Would the Fed even be able to hold them or accept them as collateral at the window?

Jul 21, 2011 11:56 PM

wow...that was just a great screed man.

Too bad you have me confused with somebody else.  I'm not miserable nor a victim; I'm doing fine.  I'm not complaining every other fucking day or salivating for the end of the world to come RIGHT NOW please bc I have my canned ham and silver buried in the backyard.  That is y'all bitches.  And I blame YOU.

Jul 21, 2011 4:29 PM

got no time for blowhards who voted for Obama

Jul 21, 2011 5:17 PM

Krieger did

Jul 21, 2011 5:18 PM

yeah, Krieger's a dumbass

Jul 21, 2011 5:18 PM

you're an idiot...I'm sure you've been told that today already

Jul 21, 2011 7:20 PM

ROTFL...not my fault if you're blind, moron

The "truth" you guys spout here is regarded as moonbat conspiracy bullshit, and you have the gall to be closedminded?

Jul 21, 2011 7:22 PM

Junked off again and I've got a 2nd one almost on the cusp of making it a twofer

THAT IS HOW YA DO IT, BITCHEZ.

Is Chumba watching?

Tyler, you need to raise my junk limit

Jul 21, 2011 7:23 PM

ok, let's.

 

All right, I have considered it and YOU are the dumbass...along with Krieger.  Throw Mort Zuckerman in there too

Jul 21, 2011 7:26 PM

bullfuckinshit.

You actually think that a rich person is only rich because they stole it from YOU?  What are you, black?

So, Bill Gates stole all YOUR wealth?  WTF, did you write the code for Windows and he pirated it?  Freakin moron

Jul 21, 2011 7:27 PM

you actually think Peak Oil gets left out around here?? LOL.

Apparently, you don't read too many oil thread comments

Jul 21, 2011 9:22 AM

no shit...greece is the equivalent of all the CRA bullshit money our banks were forced to "lend"

Jul 21, 2011 9:49 PM

Windows should be free like air?

So IOW, everyone here is a nigger, GIBS ME DAT.

You're all a bunch of punks and bitches.  Work, make your own shit.  Complain about the bankers.  But capitalists built shit, they made themselves rich through luck and industriousness that you didn't have and left you with nothing but cupidity and envy.

Jul 22, 2010 1:02 AM

naw man, gold is prized basically because it has all the noble metal stuff goin for it but it looks cool.  Seriously.  People like shiny things that have cool colors.

I am stockpiling Californium-252, personally...can't nothing touch that shit for value density

Jul 22, 2010 1:06 AM

the production of gold is FOR the service of HOARDING.

Oil production serves consumption of the oil.  Gold production serves the demand to hoard.

Jul 22, 2010 1:13 AM

anybody who "disagrees" with Peak Theory is an idiot and is tantamount to being in disagreement with things like Relativity or Evolution.  May as well believe in fairies or the feasibility of perpetual motion or growth.

Gold already DID peak...in 2000.  It's well and good to flat-earth the issue of oil when production hasn't been dropping YoY for a sustained period, you know, like GOLD HAS.  For a decade.

As long as demand to hoard stays out there and supply for hoarders declines, price MUST rise.  It's as fkin simple as that, no need for vast rightwing conspiracies or martian mind control rays.  I submit that demand to hoard ain't goin anywhere, but supply is -down.  Add this 2+2 in your brain and see what you can come up with.  All y'all.

Jul 22, 2010 1:17 AM

I meant men, Janice.

The rest of the HOA ain't.

Jul 22, 2010 10:55 PM

hey man, that's EXACTLY how I explained it!

Deflation is occurring in debt-backed assets, and especially in those that are conjurable at will.

For real assets not easily conjurable, consumables, there is no concomitant deflation.  There can't be because those tend to be real assets.

 

Jul 22, 2010 11:04 PM

I continually have to pound this meme to idiots:  made in China <> cheaper for you.

I bought one of the last DeLonghi radiators made in Italy.  The next time I saw them they were made in china but listed at the SAME PRICE.  Prices never went down on account of China.  I have cellphones, one model made in Japan, next newer model in the same line, made in China, no price drop.

The profits of outsourcing went to executives for cutting costs.  There was NO dividend for the country.  That is precisely how the executive class pay multiples went ballistic while real ordinary wages have gone down.  They gutted our entire production base for their OWN profit and their cronies in the pensions and mooch funds NEVER forced them to disgorge these profits to the OWNERS of the company (shareholders).  They let the exec class essentially STEAL America.

Now these companies are going to shit, nobody can afford their products because NOBODY here shares in the profits of the company!  We have these vast conglomerates producing machinery and stuff for the world, say Caterpillar or something.  WTF is their dividend versus how has their executive payscale grown?

THAT is where all the money went.  We have been robbed blind by everyone while we were dreaming of .com ponzi jackpots.  Even so-called robber barons like Henry Ford weren't this stupid.

Jul 22, 2010 11:11 PM

let's say he does that...what will the effects be?

OK, so they'll rain money on the poor like Reich wants.  How do the poor become rich?  How would they...hmm...by SAVING, gfdit!

So if the GOAL is to make the poor richer, the poor will have to AVOID SPENDING.  That's diametrically opposite the goal of the program!

If the poor DO spend, who is going to end up with the profits?  Oh yeah, the rich again.  So, they'll go to this or that company that has a fucking 2 year RAISE FREEZE in effect and buy a bunch of products or services...and the executives will say "look at me look at me, my division made gangbusters profits, BONUS ME."

Will these companies turn around and thaw the raises?  HELL NO.  They NEVER DO anymore.  They'll turn and CUT THEM MORE.  The executives, OTOH, will gain again and again and again.

At this point, America is dysfunctional.  There IS no solution other than a COMPLETE overhaul of our system from top to bottom.  That means shareholders or their proxies essentially have to storm board meetings with guns and say YOU get the fuck out of here, WE own this bitch.  And then massively CUT the payscales of executives and raise the workers' pay.

That is the ONLY WAY this money rain will work...it CANNOT go to pathologically poor people, it must be rained on those the administration does NOT find political favor from and those people will...drum roll...SAVE IT.  Because they're not fucking stupid and they can do basic math.

It's a rare person who takes a tumble like the middle class has in the US and goes boldly out and levers up and starts spending like the drunk again.  The only way this can occur is if the money has BUILT IN expiration in it.  And such a thing is by DEFINITION hyperinflative.  Short-term time decay of money is weimar.

Jul 22, 2010 11:14 PM

I just took a dump, but it was a really righteous one.  Can I pledge that as collateral?

Jul 22, 2010 11:20 PM

Yeah, um, Durden, I think you meant Bernie Madoff in jail, not Barney Frank.  The latter piece of shit is still free and roaming the streets looking for hairy assholes in which to find love

Jul 22, 2010 12:13 PM

Some are reporting neighborhoods with more vacancies than houses for sale or rent.

As long as the gov't allows them to hide the losses and not take the marks, they'll hold supply off.  The Fed has their cashflow covered.

Jul 22, 2010 12:30 AM

Orlov's commentary is good and illustrates the futility of the gun nuts who stockpile for the zombie apocalypse.

Let's say that a group of combat Marines forms a gang that decides to enter the drug trade or just perform home invasions.  They didn't serve together, they just met.

You and the HOA decide to stand up your own defense.  Who's coming out on top?  This would be like playing a pickup football game against a group of guys who showed up having never known one another but are trained players operating in the same play system.  You might be a good player, all of you on your side might be individually good, but they all know the routes, coverages, protections, blocking.  When the QB of their team sees you playing an inside coverage, he knows exactly where to put the ball to prevent your having a high probability of making a play on it.  What's more is the trained WR receiving also knows where the ball should be.  The QB knows that he knows where to expect it, and the WR knows that the QB knows where to throw it.

This is because they are TRAINED to be in synch.  Even when I play QB for kids at the local field, my sons and I have run plays and particular routes.  We cut the kids up who do not know them.  This is at a very elementary level.  A team of trained guys operating together will DESTROY very quickly a group of guys with no training.

The Marines will all be operating under the same playbook, having trained as commodities within the same organization.  They will all know implicitly the role they are in as well as the roles of the others around them.  They will operate as a unit and they will quickly close on and kill those who cannot operate in such a manner.  Nevermind the advantage that real combat experience gives.  If you don't know what a bounding overleap is or a diagonal peel, nevermind the ability to execute one with a person you don't know, then you're simply fucked if it turns into a firefight.

Jul 22, 2010 12:50 PM

Bank of England founded 1694.  Massive global bubble ensues, unprecedented, within 20 years.

And we are supposed to believe that they just got it RIGHT this time?  ROTFL.

This shit is what the founders of this country were FLEEING from.  The depradations of the banker clan and the system it brought.

Jul 22, 2010 12:55 PM

Kate Graham is a member of the Tribe and a bilderberger.  She's big shit elbow rubber dyed in the wool elite.

Never trust anything emanating from the 3 major rags in this country, they are all controlled by cousins of the financial titans

Jul 22, 2010 2:07 PM

Sorry, having a bout of deja vu here...wasn't JAPAN supposed to be globally dominating and owning us all as serfs by now?

I remember seeing movies where we were all portrayed as stupid and hopeless in the face of mighty jap...now you tell me it's the chinks with their melamine and lead and counterfeit Louis Vuitton bags that are gonna do it???

I just can't keep up!

Jul 22, 2010 2:12 PM

Move?? WHAT move?  The chinese don't have the pieces on the board.  They have pawns.  You're asking them to traverse the entire board as if they had a rook.

China has an incompetent military, nonexistent navy.  What "move" are they gonna make?

We have made the House of Saud an offer they can't refuse.  The US Imperial power rests upon the petrodollar which orbits around KSA.  We let China bid on iraq petrol for going along with our wars.

China is no more an antagonist than the USSR or Japan.

Look at all the friction and shit over the supposed JAP takeover!  They were the rising sun menace going to take over the world, I saw tons of 80s movies about this.  And it was all this talk about predation and everything and they racked up ALL of our debt, OMG, they are buying Rock Center, they own us!!

Then, they turned out to be a bubble, hit the wall, and now they're pretty much a vassal state.  Who owns who?

The japs got as much of our debt as the chinks do...do THEY own us?

Jul 22, 2010 3:33 PM

so did the japs

you think CHINA has no debt??  HAAHAHAHAHAHAHAHA.

Just like Japan, right?

Jul 22, 2010 8:30 AM

Yes and within 10 years in EVERY case, dictators stepped in and dictated production.  Didn't they?

Whether or not there is a liquidation is up to US.

the "credit" system is NOT a synonym for credit in the abstract.  Life can function WITHOUT mass liquidation so long as true real bills credit functions, as it did in the era before the Bankpire.

The evil here is the debtmoney system.  The Germans realized this was the cause of their collapse.

There is adequate oil and food to feed everybody and NO NEED whatsoever to let a balance sheet ledger control life.  But when you let bankers and the banking clan control money and make their debt confetti into money, things end up ugly

Jul 22, 2011 10:04 AM

thank god for all those minorities out there catching the white men planting bombs

Jul 22, 2011 10:07 AM

you might wanna watch the FEMA/DHS video or an average ADT commercial.

Stay away from First 48, too much reality might make your head explode

Jul 22, 2011 10:12 AM

In a few years, you'll all come around and marvel that anyone ever doubted me.

I mean, it's RIGHT THERE directly in front of your noses, yet so many even here can't stomach the acceptance of the truth staring them in the face.

The race hustling machine has really been that effective, I guess.

As far as who swallows this crap, why wouldn't they?  It tells them to hate whites.  The only fortunate part of all this is that the diversity avalanche in government has made it utterly incompetent at all levels.  Otherwise, everybody on ZH would probably be locked up already for all the terroristic things you people say about the Fed or DHS.

Jul 22, 2011 10:39 AM

in the video referenced by the comment I was replying to, dood

Jul 22, 2011 10:43 AM

other than the figurehead Presidents, the majority of the rest were jews.

They do not self-identify as white but they would sure prefer that you saw them as such.

Tick down the Fed board membership, the ownership or executive of the media, including major papers, networks, and movie studios, and then the Wall Street racketeers.  When you get over your bell salivation, you will see the world differently.

Jul 22, 2011 10:44 AM

whatever uncle tom

Jul 22, 2011 10:45 AM

sorry, "you idiots"

Jul 22, 2011 12:05 PM

and in the OCEAN, no less

Jul 22, 2011 4:02 PM

wash?  he probably licks it off

Jul 22, 2011 4:09 PM

huh?  Shit, dude, don't let me and what I ACTUALLY have to say get in the way of your strawman destruction rampage.  I'll just make a bag of popcorn.

Jews have substantially higher IQs on average.  That makes them equipped to outcompete most whites.  They also behave as a la cosa nostra ethnic bloc in many regards.

As for blacks, the people in power decided blacks should be elevated.  All you have to do is review NAACP history and SPLC and you see who founded, runs, funds both of those groups.

The bankers aren't predominantly white, again...you are fucking stupid or you can't read.  There is an unholy alliance between anglo families like Rockefellers and jewish banker elites as well.  But one group uses ethnic nepotism far more broadly.  The Rocks and Morgans weren't interested in "white people," only their immediate family.  The jews go further than that to advance clan interests.  Simple as that.

From this, I have no clue where you get "victimize me" other than the voices in your head.  They, and you, should STFU.

Jul 22, 2011 8:41 PM

can someone synopsize?  Was it that Obama was :45 late to the meeting just one too many times?

Jul 22, 2011 8:45 PM

Obama wants them there at 11a.  He will be there at 11:35

Jul 22, 2011 9:08 PM

his transcripts and records were sealed because he was never actually there.

He has always been the black guy who made them feel better about things, to maintain the pretense.

But nobody remembers his being at any of these universities.  Everything has been handed to him at all points; he's never had to work and he's made a career out of getting over

Jul 22, 2011 9:11 PM

you really feel the need to respond to this DAT RAYCISS bs?

Jul 22, 2011 9:13 PM

we have FEMA videos to disabuse us of that now

Jul 22, 2011 9:15 PM

somebody will say that you dropped your briefcase and inside it is a copy of Emmanuel Goldstein.  You get through about a chapter before you wake up in the minilove

Jul 22, 2011 9:23 PM

and people cannot WAIT to jump up and down at the chance to call whites bigots, can you?

The fact that most muslims are brown and that most bombers are muslim...it doesn't concern you.  That if you took a guess about a random bombing you'd have a, what, 99% chance of being correct on a PURE GUESS that it would have been from this group.

No.  What matters most is the opportunity to slam white people as bigots.  Every chance you get.

It is NOT BIGOTED to make a STATISTICAL GUESS as to the probable demographics of an actor, you moron.

Jul 22, 2011 9:32 AM

huh?  you mean on 1oz coins?

Jul 22, 2011 9:51 AM

yesterday on the Krieger thread there were no shortage of people who say this is all in my mind and I'm just part of the KKK

Jul 22, 2011 9:51 PM

this is just dipshittedness...

nobody ever let go of racism, dude...only in the liberal white mythology does racism need to be expunged.  Latinos, blacks, jews, asians...all practice it without apology; they never stopped when the word "racism" was coined by one of them to solely be applicable to white anglosaxons.

Jul 22, 2011 9:54 PM

there is ONE ethnic group which has a stranglehold on the MSM.

Jul 23, 2010 10:02 AM

naw, man, a brand new 6000SUX

Jul 23, 2010 12:07 PM

2 points:

1, what you say about H1 is absolutely correct.  The whole point of this is to drive "cost cutting" and the purpose behind it is NOT lower costs for consumers, but higher bonuses and payscales for executives.  What is ironic is that it is the EXECS who are the fungible commodity labor, the ornamentation.  I was on a contract at a private-sector company and they routinely laid people off for cost reasons despite those people having critical business and domain knowledge.  It's all about dollars in the divisions so the VPs can show "results."  They honestly, like the bankers, believe that it is THEY who are the essential staff in the company instead of those who have expertise and actually do shit.  This is what happens when MBAs run things, they only know numbers and nothing else.  So cost down = good performance.

the second point is that gold is NOT a manufactured thing.  Manufactured things are conjurable.  Ramp up production, run another shift, build another factory.  This is the critical distinction between what I call "real" things and credit-driven assets.  There is no way gold's production can be ramped up at will.  The same is true for oil; this is the essence of Peak Theory.

The earth decides at what rate these things can be produced, not men.  When an oil well peaks, that's it, production goes down.  Drill another hole, pump harder, it won't matter.  You won't get more net BOE out of it.  Oil production will prove inelastic to interest rates as will other mined commodities requiring oil to extract (all of them).

As far as houses, which are built in factories, they can rely on economies of scale and the additional unit energy cost at the margin is very low.  Additional marginal demand for tulip bulbs in a bubble can be met, for oil and gold, no.

Jul 23, 2010 2:35 PM

like I keep sayin, all those palaces all over the world didn't build themselves...

Jul 23, 2010 4:03 PM

I think this swap w/ the BIS was not manipulation...the CB could have just sold themselves.

Probably more a you want a loan then you give us some fucking collateral type of thing.  Remember the BIS came into effect as a result of Versailles, around the same time that some of the world's CBs were being "public-ized"  The same perpetrators are behind the BIS, which was supposed to be liquidated after the BW conference.

Jul 23, 2010 8:43 AM

And I'm sure he was very bullish on Enron too.

Lemme ask these people something, these china bulls...do you have ANY visibility whatsoever into the Chinese banks?  Chinese companies?  Do you have any accounting statements?  Any transparency?

So why the fuck would you believe the same talking head idiots who were saying to buy the Qs at 5000 and who said LEH was a buy, and all the rest of this shit?

What PIMPCO is saying in the article is that they have modeled all their "strategies" after distribution curves where they make assumptions about the probable distribution of events.

I have said on this forum many times that the economists are now all clueless, they are like a fish out of their tank, or I have analogized that they are a navigator using a compass after the magnetic poles have flipped telling us we are going east as we fly into the setting sun.

The world has very CLEARLY met a significant epoch where we transition from the 400 year trend of growth to a trend of contraction of uncertain duration.  The Growth Era was longer than any of our lifetimes, so long as to seem permanent and immutable by humans just as surely as the Grand Canyon or the Hawaiian Islands, despite both of those being babies in geological time.

Everything the economists do revolves around an assumption of how to attenuate or modulate growth.  They do not know what to do about contraction.  Everything they try seems to fail because the world has changed.  This is what is so confusing.  The PIMPCO guy is trying to rationalize with all this "fat tail" shit because he is desperate to make sense of the data he is seeing.  The problem is that every piece of training he has is now irrelevant.

A big fat tail and wide sigma and all of this is telling you in mathspeak that the outcome is becoming highly random, that the distribution is becoming more uniform.  Consequently, investment managers' math modeling and their entire profession essentially becomes obsolete.

Jul 23, 2010 8:50 AM

visualize a bell curve.  The tails are the little parts that go out to the right and the left edges of the curve.  What these mean is the few number of low probability outcomes.

a "fat tail" means that the probability of those outcomes is higher than would be expected given a standard gaussian distribution.

For example with IQ, you see a bell-shaped distribution.  Most people have IQs near the mean and statistically few people are out at the very high or very low end.  It's not like throwing dice where a 6 has the same odds as a 1.  In normal distributions, the odds of a high disparity from mean are much much lower than a low disparity.  The same is true with average height.

Jul 23, 2010 9:38 PM

blankets made out of Krugerrands?

Jul 23, 2010 9:40 AM

made the same observation awhile ago, when the nasdaq was doing these wild oscillations.  Was the time to GTFO if you're long.  saw it in some individual stocks and seemed to always be a sell signal.

Jul 23, 2010 9:55 AM

So my house isn't really underwater unless I sell it?

WTF is that?  Fucking brokerages make margin calls, should I say, "but I'm holding to maturity, so my valuation shows a massive profit"?!?

Jul 24, 2010 3:30 PM

just put a fork in it

Jul 24, 2010 9:04 PM

you're a fucking idiot. Right...Nicola Tesla stole AC power from a native, and the Wrights stole the airplane from a mexican.

STFU and drop dead, Uncle Tom

Jul 24, 2011 1:16 PM

All as predicted:  remember this.  The zillions to bail out the banks, now it's austerity for everyone else.  The war won't be cut, the monies to the banks will not be clawed back.  They levered the shit out of the gov't to bail THEM out and now they will slice everything else.

Will we pull out of the $1T/year wars?  Nope.  No plan for that.  It's cut everything else.  Cut SS spending to pay for wars that none of us actually want.

Jul 24, 2011 1:25 PM

of course it does.  The dyed in the wool believers from each party are apoplectic.  The GOPers seem to be willing to defect to TP or whatever.  The Dumbocrats simply pathologically cannot disabuse themselves of their affiliations.  No matter how much shit won't work, it seems some peculiar libtard defect that they just try more of it.  Even warhawks eventually turn against the wars, but who turns against affirmative action or welfare or big nanny state shit?

Progressives, whoever they think themselves to be, are not the answer and neither are conservatives.  We don't need ideology, we need some effing intelligence.

However, the OP makes a point that was made by others (inc me) a couple years ago.  They will liquify the banks then they will liquiDATE you.  It's clear that now that the elites have laden the government with debt that NOW is the time to tighten the belts.  It wasn't that time in 08 was it?  It was let's borrow as far as the eye can see or ELSE.  $700B for banks, how many trillions for GSEs, hell they stopped even putting the bailouts on the books!

The TARP was "repaid" by other debt now sponsored/backstopped by Treasury.  AKA, we're still on the hook for it and now as this crap paper continues to fail, the debts are coming due.  Every single bailout program was a blank check blackhole.

This is how Weimar yielded to a small group of cousins controlling an entire nation.  Banks and companies and elites sit on piles of cash to weather the storm; it's austerity for everyone else and MORE globalism.  Social Security is THE problem, not the wars, not the banks, not the systemic fraud and corruption.  Social spending is.

Jul 24, 2011 1:33 PM

the Progressive movement gave us diversity mandates.  On that basis ALONE, it is an epic fail.

You wanna fly in planes designed by diverse engineering design groups or by ones whose members are there on account of competence?

Jul 24, 2011 2:37 PM

LOL...you might want to examine the monoethnicity of ownership and control of the banking system, senior congressional chairs, the media, etc.  Or you might not.  Depending upon how stupid you are.

Jul 24, 2011 3:40 PM

McDs is 365black.com now...those jobs aren't for you.

Jul 25, 2010 5:37 PM

this is the stupidest thing I've ever read.

There is no such thing as a suitcase fucking bomb.  Where the hell do you idiots get your fantastic scenarios from, stupid TV shows like 24?

Stop watching the damned television and do some research

Jul 25, 2011 1:08 PM

Pablo is an idiot.

Jul 25, 2011 10:38 AM

yes, but in places like NYC, nice and racially diverse, 90% of the homicides and 96% of the shootings are done by blacks and hispanics.  Of those, the LION'S SHARE are by blacks.

And these are protected minority groups.  White racism is responsible for their actions.

Jul 25, 2011 10:48 PM

wtf is this BS, cut the deficit by $4T?  The defict has been cumulatively OVER $4T in his last 3 years!  If he means over 10 years, that is nothing.  That isn't even 1/4th of the way to balance.  We are running WELL in excess of $1.5T deficits annually...that is just the headline figure.  I put the real deficit at probably 2-2.5T when I looked at off-balance sheet war crap, the GSEs, real losses on real paper and the real bailouts, even assuming the crap Treasury bought to relieve the banks of it had some recovery value.  I find it incredible that the banks would have sold the prime tranches to a willing toxic waste dump like Treasury.  Treasury got garbage, the GSE's and FHA gorged themselves on toxic paper that is probably worthless.  The losses embedded in these portfolios have not been counted on the deficit sheet.  They would push it nearly a trillion a year higher.

Frauds and liars, all...

Jul 25, 2011 11:11 PM

I'm sure I can help you soon find out

Jul 25, 2011 11:14 PM

you fuckin moron

Jul 25, 2011 11:19 PM

he's fuckin Teddy Ruxpin

Jul 25, 2011 11:21 PM

racism is a meaningless word.

How about if we call him nigger?  Will lemmings leap to some conclusion then?  You can't stop their leaping

Jul 25, 2011 12:21 PM

bbbut...that means our soldiers will be left without the tools they need to defend us from the terrists who hate all of our freedoms

Jul 25, 2011 12:24 PM

These amounts are absolutely staggering

Jul 25, 2011 12:30 PM

let's see here...in one of those countries there was a big famine 20 years ago and there were 30 or 35 million people.

Now that the west has fed them for 20 years, there are now 70-75M in the same country.  WTF is going to happen when the food aid can no longer be mustered?  Apocalypse.  The dogooder libtard dumb white bitches have made the problem WORSE with all their stupid ass bleeding heart shit.  Have they helped by feeding people too lazy or stupid to feed themselves?  No.  They've created an entire continent of Gibs Me Dat.

You watch these people begging on jewTV specials how they have to walk 3 miles for water.  Hello, build a pipe maybe?  Oh but one of the other noble savages would steal the pipe and sell it for scrap.  Then walk 3 miles himself to drink.

Nothing can be done here and sterilization would have been the humane option.  We have created yet another exponential growth problem where we now have double the number of starving refugees, needing double the food, double the flights, double the oil, double the everything.  And if we keep pouring food out to stray dogs who will not feed themselves, we will double it again.  The end will come and the deaths will be utterly unaccountable.

If you look at that picture, or others, you always see a starving kid and some buck in the background who looks pretty well fed.  The people there won't FEED THEIR OWN CHILDREN.  Whitey will or the kids starve.

Jul 25, 2011 12:37 PM

africa has historically been quite human-hostile.  Mammals adapted a survival trait to beat out famines and plagues; it is rapid reproduction.  This behavior is evolved into Africans.  They overbreed because, if left to the natural environment, they have infant mortalities like you see with those turtles trying to waddle from the hatching ground across the beach and make it into the ocean.

We are trying to save every little turtle and are swimming against the weight of evolution here.  It is doomed to fail.  Evolutionary behavior selected long ago for mammals with high offspring rates; this trait predates humans.  It has only been further reinforced by selective pressure in Africans.  They are not going to stop themselves from impulsively reproducing.  For 70,000 years that has been the way to ensure a next generation in the face of all the dangers on that continent.  They go into the reproduction with the expectation that a high percentage of the offspring will not survive, just like every other animal.  Only for modern oil age man is that situation different.

The situation is akin to what happens with house pets; deprived of natural predators and typical diseases by oil age man, they have to be spayed or neutered or else their populations go absolutely ballistic overnight.

Jul 25, 2011 12:49 AM

$4T over what, 10 years?  That wouldn't close 1/4 of the real deficit

Jul 25, 2011 5:34 PM

bbbbut...bbbbut...China is the FUTURE.

They do everything so well and we suck.

GFD I SURELY wanna drive on that new Bay Bridge with Chinese construction.  Fkin Awsumz

Jul 25, 2011 5:37 PM

well, to dovetail with that Peacock thread, you almost have to wonder if the people who push the MSM message of consume, consume, consume, and establish these images that people feel the need to live up to are RELATED to the people who are standing on the other side waiting to lend you money.  It's almost as if they are all part of the same family or something.

Jul 25, 2011 5:40 PM

are you stupid?  He knows because he did some research.  In fact, both the Japs and the Euros have already complained about China's wanton stealing of their technology, which China is now trying to turn around and resell.

I mean, WTF, you think they just steal and copy everything ELSE but the train system is indigenous?  Are you a freakin moron or something?

Jul 25, 2011 5:53 PM

depressing?  Why?  They engineered a society where everyone was happy except that obsolete savage with his outmoded morals and silly idealism.

EVERYONE ELSE was happy.  How is that depressing, because you are a misanthrope?

Jul 25, 2011 5:54 PM

there's a copy on the web at huxley.net

Jul 26, 2010 11:56 PM

Douchinger hasn't predicted the end of the FRN, in fact, exactly the opposite.

Any asset-backed currency is functionally equivalent to any other.  The market determines the ratio between commodities

Jul 26, 2010 7:48 AM

Stress, bitchez

Jul 26, 2010 9:25 AM

Gov't debt isn't a black swan, it's a fkin black albatross.

If the gov ever decides to "repay" the bankster class with austerity, we are immediately a feudal society.  Think about your family's share of this whale.

Jul 26, 2010 9:44 PM

Discoveries peaked in 1964.

the run-up in oil was driven by speculation at the margin, but the inventories data told the tale that consumption was running above production.  In that climate, price must rise and dramatically.

Since, the US's oil consumption has fallen roughly 10%.  There is your returned slack capacity.

There's a REASON the price of oil remains high and why the price of gasoline didn't ever move that much.  Those calling for oil prices in the 30s are fools; the entirety of nonconventionals production would be shut-in at that price level.

I've been pounding the oil=growth meme here for months; good to see it is gaining traction.

And, for the cornucopians, Jevon's Paradox maintains its force.  Were we to invent something like a gasoline fuel cell and convert all cars to constant-velocity ICE plus electric drivetrains tomorrow (similar to modern train engines) we'd simply free up a bunch of oil for someone to do something ELSE with.  Under no circumstances would that slack supply be "saved" for the future.  It'd be consumed to generate something...perhaps even so you could double the amount of driver-miles.

There's no impetus nor precedent for actual resource conservation, outside of perhaps Europe and Japan.  A miraculous increase in efficiency would be seen by ChIndia as cover for them to ramp up per capita consumption rates

Jul 26, 2010 9:52 PM

we copied MANNED FLIGHT from China?  This is the most fucking absurd thing I've ever heard.

Do you really want to go down the list of "invented in America" vs. the ROW?  Seriously?

Jul 26, 2010 9:55 PM

Hey, she can always move back to China and innovate there...oh no wait, she can't.

If you are not party of the political class PARTY there, just like the aristocracy elsewhere, you're going nowhere except to the salt mines.  Someone more powerful will simply steal your IP.

What do you expect from a nation of wanton counterfeiters?  It's impossible to take China seriously when they encourage shit like Louis Vuitton and Tiffany knockoffs...name a brand that China ISN'T counterfeiting.

Jul 26, 2011 10:02 AM

wrong.

You are forgetting that the monetary system is debt-based.  Right now, the government is the only entity growing credit.  Private actors are not.  If you repay debt, the money is extinguished.

Jul 26, 2011 10:51 PM

Congres suck

I left off a couple S's for SAVINGS

Jul 26, 2011 10:53 PM

what I say is true.

Jul 26, 2011 7:26 PM

It requires a government this large with this level of spending to create a black middle class

Jul 27, 2010 1:33 PM

Is it inciting violence to say someone needs to shoot Neel?  Seriously, this level of brazen hypocrisy warrants a death sentence.

This motherfucker only EXISTS because of TARP and bailout largess..there's no fucking WE in the sacrifice for that.  He made MILLIONS off of it.

Classic bankster playbook: NOW DEMAND POUND OF FLESH.

To have money at ALL, we were REQUIRED by law to go into debt, as that is the only fucking way to create money.  Now that exponential growth cannot be sustained, the bankers who were granted the MONOPOLY to create money are demanding every fucking house and hotel on the board, all the Chance and Community Chest cards, the playing pieces, AND the fucking dice.

Austerity is great for the people, but not so great for bankers.  We are confronted by a fucking gigantic LEECH admonishing US to tighten OUR belts.  The only proper response to this is violence.

Jul 27, 2010 1:37 PM

what planet are you from that referring to historically male attributes as historically male is misogyny?

YOU are part of the problem.

If my aunt had balls, she SHOULD be my uncle.

If you expect political correctness from me in the face of the TRUTH, then you are at a dry-ass well.  Reality is not egalitarian.

Jul 27, 2010 1:46 PM

I was trying to be nice.

I've known many women and in the platonic and biblical sense.  Perhaps one or two were sufficiently rational to trust.

Don't get me wrong, I love that women are irrational...otherwise, I'd marry a fuckin man.  I'm not looking for a carbon copy of myself.

However, it's important to let the people who are good at certain things DO THEM.  You don't ask a left-brained quiet guy to comfort or nurture someone.  You don't ask a bleating idealist woman to make rational decisions based on analysis.

The overarching problem is the deprecation in society of maleness and the feminization of it, mostly by a group of people purveying a media message who are themselves feminized.  There is a peculiar convergence of ethnicity and sexual orientation in media.  It intersects curiously with historical "admiration" of certain other groups, and is consistently seen in the potrayal of members of particular classes as archetypes of strength and wisdom vis a vis the consistent portrayal of others as weak, effeminate, frustrated, which is the latter is largely a self-portrait.  The typical portrayals align with political movements and advocacy organizations; the message matches the action, even by unconnected actors who aren't acting in concert.  It just seems that the perception or attitude is ubiquitous enough among the relevant group that it shows up in their art, in their political advocacy, and other facets of their lives.

And they don't feel strong or male.  They feel impotent, frustrated, balding, fat, weak, and completely envy the athletic and apparently sexual prowess of others. 

Jul 27, 2010 10:28 AM

lord knows, just look down the Nobel Prize list (the real ones) and just see the plethora of women!  Or in the history of invention.

The very LAST thing we need is more feminization; that's the SOURCE of the problem!  Women are all about muddyheaded groupthink.

What we need is a return to male values of honesty, integrity, heroism, self-sacrifice, and real leadership.

All we have now are a lot of Femi-men who pursue female goals of "self-discovery," self-gratification, self self self.  As a society, we've been on a multi-decade mission to deprecate maleness...now we have metrosexuals who are in touch with their "feelings" and who can't change a tire.  Basically a bunch of cuckolds.  I submit that the media image portrayal of "men" is a self-portrayal of the dominant group purveying it.

Jul 27, 2010 10:28 PM

the USD is backed by oil.  You can exchange pretty much ONLY FRNs for barrels.  There are a few exceptions but they're minor.  Even Iran is dumping or has dumped their euros (maybe to avoid invasion?).  There was a lot of noise a few years ago from nations around the world trying to break the petrodollar peg, but it just never materialized.

As long as we control the House of Saud, the game in our favor continues.  To all on this board, accept it for what it is.  Take advantage of it.  Make as much fucking money as you can in the game before things change.

I, for one, enjoy the standard of living we have in the USA.  I mean, wtf is the main complaint here?  That WE aren't making ENOUGH and some other guys are cheating and making more!  Nobody is suggesting we cede our lifestyle to India or shit like that.

So get with the program and stop bitching so much.  Just save your gold and the rest of it.

Sure, the US Empire won't last forever, but make hay when the sun shines.  Rome fell over centuries.  Sure, in a book, it only takes a few paragraphs but in real life, it was over many generations.  We've been blessed to live at the apex of our power.

Jul 27, 2010 10:33 PM

Einstein is regarded as the smartest man to ever live??? By whom?  First I've heard this. 

I mean, his achievements were great, but still irreconcilable with empirically proven QM.  Why doesn't anyone hold up Bohr like they do Einstein? 

For my money, Isaac Newton is simply peerless, though Archimedes accomplished things like calculating the length of a spiral without the calculus (Newton invented that).  Newton's contributions in math, optics, the Laws of Motion, the theory of gravity, etc., would have been good for a dozen Nobel Prizes.

Fewer than 1 in 100 understands GR or SR anyhow.

Jul 27, 2010 12:05 AM

a system of creditmoney, yes...

that is not the only system

Jul 27, 2010 2:21 PM

I mostly agree with almost all that you've just said.

Gold IS just a commodity.  So are FRNs.  And mortgages.

As far as the rise in POG since 2000, that is just supply and demand working, as gold production peaked in 2000.

I don't know why people get so worked up over the truth

Jul 27, 2010 2:32 PM

China is among the worst in the entire world in terms of GDP/BTU, half that of the US, 1/4 that of the EU, and 1/8 of Japan.

There is NOTHING whatsoever that is efficient about China and they have NOT planned for a future of energy scarcity.

Jul 27, 2010 3:37 PM

2 yrs at .665%?? WTF.

May as well fuckin smoke it

Jul 27, 2010 4:46 PM

GFD, i hope this was sarcasm.

Jul 27, 2010 9:52 AM

Boosted, bitchez

Jul 27, 2010 9:56 PM

Military and police are 9mm and .40 by and large.  If TSH, then you would need to try to have something in common calibres.

That lets out some really good rounds such as 10mm or .357 Sig, for example.  A decent 9mm carbine would seem to be a must-have.  .45ACP is a great round, just not as widespread anymore.  I love that cartridge, but must concede that against the type of violence typified by 3rd world nations like Argentina or Brazil, that the "hail of bullets" response that a deep 9mm magazine gives you has a certain, shall we say, "allure" to it.

Jul 27, 2011 10:06 AM

there are gonna be a lotta disillusioned bitchez out there who can no longer afford the LV bag they thought was the very meaning of life.  The period in between nihilism and this renaissance will be...challenging

Jul 27, 2011 10:13 AM

4 Ghawars?  We'd need to find 4 then 8 then 16.

People need to get their heads around the ordinary mechanics of geometric growth.

This is only what I've been saying for like years...basically dating back to 2005 or so.  If Douchinger didn't hide banned posters and still had the oil forums, you could read where I said PO meant a relatively unexceptional "sustained global recession."

Now for a growth animal like debtmoney and for money ITSELF relying on future borrowing and repayment of existing money plus future money (interest) that hasn't even been created yet (and would need to be borrowed)?  Forget it.  Flocked.

Jul 27, 2011 10:46 PM

91B is fucking NOTHING.

We are running north of $2T PER YEAR

Jul 27, 2011 10:55 PM

the 14th has very plain language in Section 4 which does NOT authorize fuckin Obama to borrow more goddamned money.

Failure to raise the debt ceiling is NOT DEFAULT.  They have enough in receipts to pay interest and SS outlays, ALL bonds

Jul 27, 2011 11:01 AM

<------- LOVE me

<------- hate me

lol.

But anyway, the debt grows exponentially, the tax receipts don't.  Or even if they do, at a lower growth rate.  Which, deep enough into the curve, anyone who does math can assume that there is no growth because A>>B

Jul 27, 2011 11:19 AM

Rothschild realized that the greatest power of the King was seiniorage

Jul 27, 2011 11:23 AM

gold and silver standards are all that the Founders could come up with to try to ward off the depradations of the bankers in Europe

Jul 27, 2011 11:24 AM

TX has an aberrantly short adverse possession period.  In other states, it can be as long as 20 years before you acquire title.

They won't take the offer because they are not actually in business in a real sense

Jul 27, 2011 11:27 AM

lemme guess:  they either didn't lend to apreficans with really low credit scores, thus it's scriminashuns or else they DID lend in which case the borrowers defaulted or paid high interest rates and then defaulted, thus it's sciminashuns.

Jul 27, 2011 12:01 PM

I am glad to see his nickname catching traction, props.  I got that from the Washington CityPaper which is politically barely to the right of the Village Voice.

You can see downthread how they ARE going to go after WFC and BAC for the fact that blacks DEFAULTED on their loans.  When it is white borrowers, it's NINJA and deadbeats that these banks falsified shit- it's all on the borrowers.  When it's black borrowers, it  beez scriminashuns that they DIDN'T lend and then scriminashuns when they DID lend and had to NINJA the docs to make the loan happen.  And if FICO (which doesn't know race) or even traffic cameras are catching blacks with lower scores and higher ticket rates, then they beez rayciss too.

Every single failure of any black is the fault of YT scriminashuns.  It's a civil rights case that broke blacks that shouldn't have been lent to defaulted on subprime loans.  Just like it was a civil rights case that the banks refused to lend to people with documented failures to repay credit.

Jul 27, 2011 12:04 PM

everyone knows that, as well as the history of jiggering with the G/S ratio to move flows of metal, the Sterling Bill, and the history of debasement and tokenization/demonetization even in pure metals standards.

The point really is that the banking system of usury seems inexorable.  It almost requires a religious prohibition to stop it.

Jul 27, 2011 12:09 PM

yeah, one problem there, genius....I WAS RIGHT.

It's fucked up when dipshit idiots like you are calling the TRUTH "KKK white power garbage"...you really are fucked up in the head

Jul 27, 2011 12:14 PM

hey fuckface-

you'll get more respect around here if you actually refute points with facts, instead of resorting to that BS which will only get you laughed at.

Nobody respects your cries of "DAT BE RAYCISS"

Jul 27, 2011 12:31 PM

Yes, I JUNKED TYLER,  BITCHEZ

Jul 27, 2011 6:21 PM

dollar is coming soon to a list near you.

Brazil is a HUGE country with a gigantic economy...they're on their 3rd currency in the past 20 years or so.  All these nations had debt money...every single one.

I'm not sure where the Mishes and Douchingers get the idea that debtmoney nations can't implode.  Something maybe "special" supposedly about the reserve?  FX makes the notion of foreign-denominated debt irrelevant.  Perhaps the reserve will have a less abrupt slide to that same spot, but it's coming anyway.

The future of less means all debts now must be discounted.  In any event, should this "hyperdeflation" come, the FRN would lose its ability, via scarcity, to serve as money.  It would revert to just being paper.  The USSR also did not have external debt denominated in others' currencies.  The ruble still went to bagel.

Jul 27, 2011 6:28 PM

DATZ RAYCISS

But, seriously, the Federal Reserve is an unholy alliance between some anglo families like the Rocks and Morgans along with some Jewish ones like the Rothschilds.

Those who could, got in on it.  Banking is seigniorage.  It's really that simple.  Rothschild correctly realized that this was the situs of the King's real power and stole it.

Jul 27, 2011 6:42 PM

I agree and have said so...no sudden collapse.  Just a nice sustained inflation that ends up in the same place.

We can project power as a result of oil.  What happens if 1) we had to attack and seize fields, 2) someone nuked us for it?

There are a lot of scenarios where this force projection comes to dick.  And I don't mean nuked the mainland, I mean vaporized a carrier with one.  A surgical application of nuclear arms could greatly level the force projection playing field and these would be legitimate military targets.

Jul 27, 2011 6:48 PM

my last serious brazilian gf who was 20 lol remarked the same thing.  Apparently around the world they study US history a lot more than the converse.  She was like you guys are always in wars.  And I say the same thing, US history lately is a history of warfare.

But, then, this is the way of nations that embrace the usury clan.  Wars and empire are inevitable.  Just read the old testament.

Jul 28, 2010 1:43 PM

I suspect the same thing as you:  that underinflation of these tires caused a high speed blowout and resulting crash

Jul 28, 2010 10:33 AM

I agree...to me, gold is merely an alternative to a negative interest rate loan to an insolvent institution (bank account) or the debt obligations of bankrupt States, and a savings vehicle that is more anonymous and portable

Jul 28, 2010 11:43 PM

this is just garbage.

Outsourcing and the employment of illegals has no effect on COST to consumers.  Were fucking houses cheaper during the boom due to them?  NO.

PROFITS were higher.  If the businesses in question paid a reasonable wage, they'd have american employment.  They are looking to cut costs to drive profits which = higher bonuses for executives up the chain.

NEVER believe anyone who tells you outsourcing and illegals is good for YOU unless you are an executive.

Jul 28, 2010 11:47 PM

No they would NOT.

Labor costs do NOT DRIVE end market costs, they drive PROFITS, which drive BONUSES.

You people who think that you and the rest of the ordinary are deriving some benefit from illegal and outsourced labor are FOOLS.

Look, you've bought freakin cellphones, haven't you?  iPhones even?  Originally, the handsets were made in Japan...subsequent models in the same product line moved to China to increase PROFITS.  The end user cost?  The freakin SAME.  Despite labor going down by a ton.

The same is true all across the product spectrum

Jul 28, 2010 11:48 PM

they look pretty jewish to me...

Jul 28, 2010 11:52 PM

GET TO THA CHOPPA

Jul 28, 2010 12:07 PM

WTF is it every time ANYTHING happens, they trot out the "AL QAIDA blablabla"??  WTF, is AQ causing sunspots now?!

My money is on Somali stowaways

Jul 28, 2010 3:21 PM

it's better:  they expect said middle class now to REPAY all that bailout debt PLUS interest.  Awsumz!!!!

Jul 28, 2010 5:03 PM

this son of a bitch should be rotting in a prison...he'd be at the very least FLAT BROKE along with all of his cronies on Wall Street had they not sourced all that debt to give to them.

NOW, he fucking DEMANDS for his same buddies REPAYMENT of all that money, to perfect the crime, plus interest?  WHO BOUGHT THE FUCKING DEBT?  The SAME BANKS.

Jul 28, 2010 5:22 PM

Who the fuck junked this?  It's the truth

Jul 28, 2010 8:49 AM

The ENTIRE point of this was to obfuscate the reality of the oil business from American Consumers.  Corexit prevented noticeable beach fouling, which is all anyone cared about.  Oh, fuck the sea life, is my vacation to the Redneck Riviera going to be inconvenienced??  THINK about it:  the vast majority of those vacationers were going to drive a gas guzzling vehicle 100s of miles to get there.  Can't have oil on their beaches.

What Hayward should have said was, look, we are not in the spill business.  We're out here in a mile and a half of water and our #1 priority is to get that oil out of the ground and get it into your SUVs.

Jul 28, 2011 3:15 PM

I would put the classical guitarist above this guy as well.

A crisis of this magnitude...at what point does everyone just come around and admit that this is the outcome of Peak Oil?  I mean, it wasn't like people like me weren't saying a few years ago that these specific things would happen.  The entire edifice of growth and its bastard child, debt, are untenable in the face of plateauing real energy supply.  Simple as that.

The system will convulse but in the history books, they will trace its cause to this one event.  Funny how so much bullshit and talk goes into the notion of deficits and all the rest of this BS and nobody stands up and says OIL is why we are fucked.

Jul 28, 2011 5:02 PM

they don't have a choice...either we can slide down or crash down.  Nobody is going to be doing well with a crash, so might as well slide.  take as much as you can out of it for as long as you can

Jul 28, 2011 5:11 PM

at that point, shit...maybe.  Shares of Coca Cola or some other non worthless paper would work too

Jul 28, 2011 5:36 PM

this shit is FAR from scripted, man.

Why you guys must subscribe to the Potent Directors Fallacy all the time is beyond me.  They haven't got a clue.

Jul 28, 2011 5:41 PM

those funds only have value if sold.  The government can really only effectively tax them, not seize then sell.

Obviously, they might try seize and use as collateral and hand over another $5T in real wealth to those who get to create money.  But that sort of shit will provoke revolution because the trade classes and the professionals and the lower upper and upper middle are always where the revolutionaries come from.

Jul 28, 2011 5:59 PM

look at the demographics of the USPS workforce if you have any questions.  It has been a jobs program and it has neither hired nor promoted based upon merit.  The entire federal umbrella (including FNM/FRE) have been this way for 3 decades.  WTF do you expect?

Jul 28, 2011 6:01 PM

yes and this is what I expect that they will do.  The taxation regime will become onerous.  All the imported low income voters and the blocs of minorities who have nothing (because they couldn't be bothered to ever save) will back it and democracy will rule!

There is a REASON that usury is a sin.  This is always what it leads to.  And this is why one clan has practiced it as the clan discipline for millennia.  It leads to riches without work and people keep falling for it.

Jul 28, 2011 7:35 PM

that isn't enough compensation to live around them.  He'd lose at least that in property value alone

Jul 28, 2011 7:47 PM

it white people's fault everything they touch goes to shit?

Jul 28, 2011 8:08 PM

the Crimex is not a gold warehouse for gold miners to shop their wares, dude.  It's a cash-settlement futures exchange.

If the UST sells gold, another sovereign with a large reserve account of $ would buy it

Jul 28, 2011 8:09 PM

yeah the clan that took over the nation of Germany post-weimar still had access to credit from their banker cousins.

So will it be with JPM.  Their debt ceiling isn't breached.

Jul 28, 2011 9:26 AM

I'm surprised they don't rate China AAAA

the entire ratings system is a complete sham, top to bottom

Jul 29, 2010 1:49 PM

This is the downside of securitization...nobody can find a fucking note.  Most don't exist and god only freaking knows who is the real owner of them.

If this gets too pervasive rest assured that the banksters will get legislative reforms passed.

Jul 29, 2010 1:54 PM

This is simply wrong.

the market sets the pricing of interest rates via the aggregate demand for credit.

This is why booming areas have higher rate regimes, because they CAN.  If you were a banker in a town and NOBODY wanted to borrow, what would YOU do to move your product (debt)?

Drop rates.  That is what is occurring.  Aggregate economicalness of the USA or developed west does not and CANNOT support a 20% rate.  There is precious little demand for credit at 5%, how much would there be at 20? 

Jul 29, 2010 1:57 PM

People people...

When car sales flag, what do the credit arms do?  They LOWER RATES to try to entice people to borrow.  They drop the COST of borrowing.

That is what is occurring.  The market decides what rate it would like to borrow at.  The Fed follows the market.  It can market-make ONLY in a climate of excess demand.  It can throttle or attenuate credit growth rate via adjustments.  But in this stagflationary or contractionary climate, seriously...this type of situation, the "liquidity trap" is not discussed, acknowledged, accepted, in mainstream (orthodox) economic theory.

Jul 29, 2010 10:04 AM

I landed a couple hours early once...was a flight from SFO to EWR, we surfed the jetstream.  Ground speed in excess of 700mph

Jul 29, 2010 10:42 AM

yes, we need more despotic dictatorships destroying the environment.  Seriously, fuck you and China

what NEEDS to happen is for the USA to return to its core principles, NOT the ascendancy of a corrupt communist dictatorship.

Jul 29, 2010 10:51 AM

red, bitchez

Jul 29, 2010 12:15 PM

no demand for creditmoney=price drops on it.

Simple as that.

Proves that currencies have NO intrinsic value either, they are merely supply and demand instruments, something I've been saying for a decade.  Interest rates are a reflection of the supply/demand metric on debt.

There's a huge supply overhang of available debt, but not a lot of demand; consequently, price falls.

Jul 29, 2010 2:05 PM

I used to think that only America's way, way was right...

but now the Holy Dollar rules everybody's lives; gotta make a million, doesn't matter who dies

Jul 29, 2010 2:07 PM

chump change: Lakshmi Mittal spent like $70M on his daughter's wedding.

There is NO decency or shame anymore in anyone.

Jul 29, 2010 3:42 PM

finger, bitchez

Jul 29, 2010 5:25 PM

The average USian is also a decent person.  The Money Tribe that runs the financial systems in both nations is the problem.  Both of these States saw the largest exodus from Europe during the War of clan members, consequently it is no accident that since then, both have had increasingly aggressive and militaristic foreign policies.

The tribe has had a banking stranglehold on Britain since 1700, and has lent the sovereign balls-deep into debt.  That type of financial posture makes the sovereign increasingly beholden and presents a tremendous amount of policy-shaping clout to the debtholders.

Jul 29, 2010 5:28 PM

IOW, it'll become target-rich for middle aged men w/ FRNs, huh?

OH NO...that's just...awful.  MUAHAHAHAHAHAHHAHAHA

Jul 29, 2010 5:28 PM

Iceland should issue a sovereign press release downgrading Moody's to Corrupt, Useless, and Stupid

Jul 29, 2010 8:37 AM

Wash, bitchez

Jul 29, 2010 8:39 AM

Margin, bitchez

Jul 29, 2010 9:47 AM

why should we fight deflation?

Deflation in creditmoney is a good thing...it means less interest going to banksters.  It means the destruction of their slavery product.

Jul 29, 2010 9:59 AM

Gasp, bitchez

Jul 29, 2011 4:36 PM

the roots of Busch's mess were leftovers from the previous administration as well.  Et cetera.

Jul 29, 2011 8:45 AM

this just shows how ROW needs the US to continue to grow debt.

Without unabated debt accumulation, there is no future for the export ponzis that comprise the "strong, sound economies" of the world.

Jul 29, 2011 9:05 AM

who gives a fuck what China thinks?  Let's let those who aren't ponzis cast stones

Jul 3, 2010 12:22 AM

There are many deeper wells.

The Carioca field in the Santos Basin is but one.

Get educated before speaking.

Jul 3, 2010 12:24 AM

do you think Superman was based in reality?

A nuke would have no effect whatsoever on plate tectonics.

Jul 3, 2010 12:32 AM

GFD I can barely read this thread there is so much crackpot hysteria.

One:  we release orders of magnitude MORE radioactive materials from BURNING COAL in one year than all the nuclear explosions ever.

Two:  the nuclear option involves drilling a parallel well and setting the device off in that well to compress the rock laterally into the leaking well.  It is not to freaking glass the goddamned well itself.  It's kind of like having a hose and setting something heavy on the middle of it.

Jul 3, 2011 1:05 AM

this isn't because of the police, dipshit, it's because of the people here.

There are many communities in the USA that ARE just like the 3rd world, because they are inhabited by 3rd worlders who behave in 3rd world ways

Jul 3, 2011 1:53 PM

agree..."it's" totally dumbass, as is the writer for fucking up "its" in the headline.

Intelligent people will not take you seriously if you exhibit poor grammar and spelling

Jul 3, 2011 1:55 PM

it's awesome if you're into fake Breitlings and counterfeit luxury goods

Jul 3, 2011 12:49 AM

the black and brown people could help out by not committing so many crimes

Jul 3, 2011 12:50 AM

um...he finds drugs/guns on blacks 9/10 times.  And that is the cop's fault?  WTF

Jul 3, 2011 4:16 PM

nonsense; you can't fill your gas tank with freedom

Jul 3, 2011 4:18 PM

I figured you had it covered

Jul 3, 2011 5:02 PM

what about those of us who GTFOd and now rent?

Where the fuck is MY check?

Jul 3, 2011 5:09 PM

look, everybody KNEW the housing market was in a fucking bubble.

stop acting like a clueless dipshit.  People who were too stupid to recognize a housing bubble are unavoidably parted from their money.  We shouldn't worry too much about them.

The rest went in with actual or constructive knowledge.  Fuck the banks AND these "homeowners," nearly ALL of whom were salivating at the chance to get in on the gold rush.  Now that it's blown up in their faces, they cry foul and claim "who knew?"

WTF does that make them other than just like Busch, Dimon, Bernanke?

Jul 3, 2011 5:11 PM

yeah pretty much...without all those PEOPLE signing all those DOCUMENTS as active PARTICIPANTS in the bubble, there'd have BEEN NO BUBBLE, moron.

WTF, look at the goddamned MEW figures from the era and TELL ME they weren't exactly as you've just described.

Jul 3, 2011 5:28 PM

uh...African warlords never liberated Africa from colonial powers

Jul 3, 2011 5:31 PM

maybe the greeks should WORK on improving their own economy instead of living off of debt?

Jul 3, 2011 5:34 PM

certainly that is what all the trade treaties have done...environmental regs can be deemed an "expropriation" under NAFTA and force a payout to the polluters.

All the leaders have said it's necessary to curtail these silly notions of sovereignty.  Surely, the extralegal UN plutocrats would love this.  They're already diplomatically immune everywhere.

Jul 30, 2010 1:26 PM

spot-on.

The elite class also conspires to create a stranglehold on all the key jobs and key universities.  Then they catch .22 you with the we only hire Yale/Princeton/Harvard shit.

Jul 30, 2010 11:07 AM

It takes off the steepener trades or it gets the hose again

Jul 30, 2010 12:21 PM

Krieger's the douche who voted for Bama because either he believes in fairy tales or else he suffers from terminal whitey guilt?  Either way, judgment not worth trusting

Jul 30, 2010 12:31 PM

Fuck ALL the douches who voted for Bama and have been criticizing him from DAY ONE.

Each and every ONE of you fucked yourself up knowingly either because you believe in fairy tales or more likely, to self-absolve yourself of your whitey guilt, having become firmly convinced by 80 years of race-hustling propaganda that not only are YOU a racist but that being a racist is worthy of condemning you to the 10th Circle of Hell that Dante never even wrote about.

Let GO of your conditioning.

 

As far as an "open letter" to Bama...do you think he gives a fuck?  Reminds me of seeing on the news all these fans complaining about Albert Haynesworth's behavior or something like he wasn't giving the fans their due.  I got news for those chumps just like I do for the "open letter" crowd.  Get over yourselves.  These stars believe that they are the ones doing YOU a favor by allowing you to bask in their presence!  After all, YOU pay money to do it!  You validate their worthfulness every time you buy a stupid ticket and cheer for them.  Not one in 1000 of these fucks gives a shit about the "fans," in fact, you SCARE them.  If you get too close, they will instruct their security or the police to bounce you off the sidewalk. The same is true for the elected leadership.  You are merely butts in the seats.

I mean, GFD, who was it who said during the TARP or the townhalls for the 2010 or whatever that voters showing up to try to influence officials' votes was tantamount to terrorism??  That is how UNUSED to dealing with real "little people" these mfers are!  They spend 99.9% of their time around LOBBYISTS, just as athletes spend all their time around agents, endorsers, CEOs of companies, etc.

Jul 30, 2010 12:48 PM

Turkey's sole problem is muslims.  So long as they can hold them at bay, they recall were the Ottoman Empire, Constantinople was THE center of the earth for hundreds of years, the seat of 3 major empires, etc.  They're not arabs.

But there's the constant friction that muslims introduce trying to drag things down to Arabia's level.  For a case study in the comparative effects of worshipping Allah versus cows, take a look at the respective HDIs of Pakistan and India or their respective prestige on the world's stage.

Jul 30, 2010 2:36 PM

the Brits are even more racially guilty than we are.

Hell, they have permitted sharia as THE law in their country in places, tolerated polygamy and statutory rape so long as perpetrated by muslims, even gone so far as to allow muslim women working in operating rooms to wear UNSANITARY full sleeves instead of following health codes.

This isn't Cecil Rhodes' England anymore.  Britons are now utterly pathetic.  No wonder their women think they're all a bunch of wankers

Jul 30, 2010 2:42 PM

let's do a little thought experiment.  Look around you at bond yields.  They seem to agree with Dick Chainy.

Secondly, supposing the end is nigh...what resource in the world is most critical to have your army atop?  The "cost" of Iraq is really nothing.  We get to invent currency reserves like Spain mined gold to support its empire.  And we're "investing" that in a giant military presence in the ME. 

Supposing fiat currencies all did collapse and paper had to be backed.  We'd be able to back it ours with what used to be others' oil reserves.  It's really as starkly simple as that.

If shit hits fans, we will see how "winnable" these wars really were if you fight war like Sherman or Pershing did.

Jul 30, 2010 2:49 PM

yeah, um, if people "deposited" gold in banks what exactly the fuck did they THINK the bankers were going to do with it?

GAMBLE BABY.  Deposits are LOANS, they are not a claim ticket like when you put your fucking jacket in the coat room at a restaurant!

The way banks work by swapping, repoing, lending, leasing, trading your jacket.  So, like this:  bank takes your coat before dinner.  You get a Coat IOU.  Then they go and lend it to someone to walk around with or they repo it or otherwise use it to make themselves money.  At the end of the night, hopefully, they've got it back.  Then they charge you the storage fee. 

Never ever entrust anything of value to a banker!

Jul 30, 2010 2:55 PM

Obama done fuck'd up again

Jul 30, 2010 4:42 PM

Gold peaked in 2000...therefore it's a good long vs the FRN as it is in supply decline.

Also, the US military has been strong for 40 years..FRN...dowwwwwwwn

Jul 30, 2010 5:03 PM

Unfuckingreal.

Just what in exactly the fuck DID the police EXPECT to find in safety deposit boxes, fucking CRACKER JACKS?

I know an indian who got married, wore the gold, and said "it goes straight into the safety deposit box."

Yeah, STRAIGHT INTO the fucking pockets of the GOVERNMENT actors who STOLE IT.  This is goddamned organized racketeering.  No different from the Mafia.  Prove that YOU own something?

Jul 30, 2010 9:46 AM

In his defense, Philthadelphia really IS that bad.  And it ain't whites that did it.

You need to let go of your racial conditioning...it's Pavlovian.

Jul 30, 2010 9:51 AM

wow they sure put a bitchslap on the POG at Crimex open...

Jul 30, 2011 10:07 PM

The President does not have the legal authority to circumvent or suspend the Constitution.  Simply DOES NOT.

It doesn't matter what stupid shit these idiots write or say or do...they lack the legal authority.  Obviously, if they use extra-legal authority and the military goes along with it, then our government has changed and we live under a junta at that point

Jul 30, 2011 10:58 AM

yep...inflationary recession

Jul 30, 2011 11:02 AM

yep.  The oil peak isn't a matter that can be resolved by printing.  The FUNDAMENTAL methodology of economics is flawed in that it assumes demand creates supply by some means.

The issue here is that GD1 was a huge political shitstorm.  So was the 07/08 market and economic crash.  Look at the turnover in Congress on account.  NOBODY wants that to happen again because it means significant consequences to those trying to get rich in office.

There is no outcome here other than inflation simply because the money-as-debt cannot be repaid with future growth given the macroeconomic fundamentals.  Despite the appearance of deflation in credit, the value of the debt is eroding at the same time.  While the broader SP500 may not do particularly well, and hasn't, in a price appreciation sense, there are still dividend payers and solid companies, e.g., Coca Cola, that will continue to produce real returns even in a downturn.  It is not as if all things are crashing to zero tomorrow.  Sure there will be lots of corpses but the world is not ending and the zombies are not about to apocalypse on us.

Jul 30, 2011 11:10 AM

I have ICE brent at 116ish.  Still a $21 spread to WTI, counter to the narrowing everyone has expected.

Let's look at it this way...tons of QE caused positive GDP.  People get fired from Congress for negative GDP.  So which way do you think they'll go?  They will watch California slide into the ocean saying all is well and reporting postiive numbers.

The collective delusion is really that strong.  It's not just that the .gov doesn't want to really REPORT the bad news, the people DO NOT WANT to hear it!  Every single person here who can see on any topic has experienced this.

Just keep stockpiling assets with expected real value and make your own bed.

And don't worry about that oil thing.  The cornucopian PO-deniers convinced me that nukeyaler was going to save us all (no problem, mon) until Fukushima when they were among the most strident in calling for the end of nukeyaler.  So now it's "ionic liquids" and other technobullshit.

Fukushima was a black swan which in retrospect will come to be seen as far more significant than any other.  The authorities know about peak and have for some time.  Their plan was to build nuke plants and keep the lights on.  Fukushima has now created immense political momentum to go in the diametrically opposite direction.  Not only will we not build new plants but we will close existing ones!  The amount of capital waste that will go into this effort will end up having to be reversed as we either turn existing plants back on or else the lights go out.  There's a brick wall waiting called the NG production curve.

Yet, in the face of this, are even the Germans having the adult conversation about generation capacity?  Nope.  Total kowtowing to the political winds and an order to decommission capacity.  Same in Japan.  Insanity.

Now what, Peak deniers?  Now the fuck what?

Jul 30, 2011 11:15 AM

and in 08 we got Obama....that tells you all you need to know about the primacy of delusion in this nation at least.

In the depths of the greatest financial crisis, the electorate was crying tears over slaying the imaginary dragon of racism.  Like instead of focusing on a competent President, let's get a guy for the sake of his skin color and look past the fact that he had no qualifications nor redeeming qualities whatsoever.

Jul 30, 2011 11:16 AM

yep.

We need to remember that the "growth" only happened after a significant DECLINE.  Other nations with less-practiced GDP number liars reported much steeper declines during the GFC.  The demand crash in oil was profound; the US alone dropped 10% of consumption.  Growth just grew back into that slack capacity and here we are again bumping into the overhead supply curve

Jul 30, 2011 11:39 AM

shale oil produces a real EROI of <2.  The kerogen we are trying to dig up...we need to wait a few million years for it to turn into real oil. 

Jul 30, 2011 11:43 AM

um...gold was not a paperweight in the pre-oil world, bud.

Why would you expect people in a peak crash to not revert to more primitive ways?  Gold's allure is very primitive.  I mean look, we have an abundance of primitives right here in the US who seem to like to get they teefs covered in it.

Jul 30, 2011 11:53 AM

yes; even she could not have the adult conversation.

the political momentum is leading us all into a brick wall; that was my point.  The NG productive curve is a frightening thing.

And the capital that will be wasted in decommissioning plants...some of these may get far enough into the process that they CANNOT be restarted.

Jul 30, 2011 11:56 AM

the average person will never have a clue- that's one of the things that makes them average

Jul 30, 2011 8:13 PM

it's a high enough number so that people can be like WOW those people are RICH, FUCK THEM!!!!

bitchez

Jul 31, 2010 11:44 PM

I don't see any cause for confusion.  The Fed originally lent against the collateral that they subsequently BOUGHT in QE1.

If QE2 comes, they will buy government debt, which is what is currently transpiring.  The Fed WILL manage the USD lower and they CAN outrun the deflation in credit demand.

Think about it...those who talk about the decrease in Z1 or consumer credit since 2007, what's the amount?  Around TARP or QE1 figures.  The Fed IS QEing exactly enough to offset the collapse.  They are being diligent not to upset the DXY apple cart too much, as ALL other CBs are engaged in the same type of operations.

The trends in consolidation of power have been in place for some time...all the current UST trend does is pave the next stretch of road.  Until/unless the USD is legitimately abandoned - hyperinflationary event - this will continue.  The gov't will continue to grow.  Exponential math of debt compounding guarantees it.

Jul 31, 2010 2:57 PM

who's bringin the X tho?

Jul 31, 2010 3:05 PM

You just don't get it, do you?

If everyone tried that, they would lock the banks and prevent you from taking your money out.  The bank would default on its loan to you which is what your bank account is.

And they'd lock up all of you as financial terrorists.

If the HFT wants to run the market up to a million, just GO LONG.

WTF is the obession with "real value" here?  There is no such thing as it anymore.  We live in a fucking fishbowl.  How else can an ordinary chap get a smoking hot 20 yr old from the 3rd world?  It's because we live in the American Dream...a fantasy world.  Where richness and opulance is guaranteed and all of that.

Hell, strippers were getting rich brokering mortgages!  That's all anyone wants is that type of hustle casino.  I'm kicking myself for not staying in IT on W/S...I'd have my HFT algos writing out a big middle finger w/ TF letters.

Don't fight the system; you can't.  It'll collapse when it does, but trying to drag 300M ppl out of their self-induced slumber will just make them angry at you.

The Matrix analogy was BULLSHIT.  Cipher had it RIGHT.  Of what fucking value is TRUTH to anyone?  Stop being so rational and expecting the rest of the world to be rational too.  They're not.  Read Keirsey or study MBTI about this.  At most 10% of the population can even hold a logical thought.

Jul 31, 2011 1:08 AM

anyone who criticizes Obama beez rayciss

Jul 31, 2011 1:17 PM

Bill Clitton's #1 priority was a balanced budget??  GTFO here

Jul 31, 2011 1:41 PM

they were all part of the pretend game.  Without someone "authoritative" blessing the unmitigated dogshit that were CDOs and other ABSs, the cronies in the funds with the cash could not have "invested" their members' hard-earned savings in this crap (and gotten kickbacks).

I mean, it boggles the mind...senior tranches of CDO^2s were rated on par with sovereign debt.  Just asinine

Jul 31, 2011 1:43 PM

Everything would have come apart sooner if they hadn't repealed G/S.  The reality is that economicality of the US went negative some time ago.  There's no real yield here

Jul 31, 2011 10:12 PM

then why the hell do all of you people continue to try to swim against the current?

Jul 31, 2011 10:17 PM

LOL...black people say nigger all the time, idiot.  You have several negro friends ROTFL

Jul 31, 2011 11:28 AM

this crap is absurd.  Besides, it was ORWELL with the 2+2=5.

If you've ever worked in government, you know how preposterous your claims are

Jul 31, 2011 12:42 AM

there are no suckup white people around him anymore to do everything while he gets to sit in the spotlight.  Consequently, he's totally lost.  He's put his cronies in all the positions of power and they are effing clueless as well because they have been lifelong beneficiaries of the same sytem

Jul 31, 2011 12:47 AM

scotus can issue cert at any time.  They found a way to get Bush v Gore on the fast track, didn't they?

Jul 31, 2011 12:48 AM

Place Holder is there to ensure none of "my people" get prosecuted

Jul 31, 2011 12:51 AM

and you look at this like it's a virtue?

Jul 31, 2011 3:14 PM

China has no debt ceiling...all their bad debts are buried behind the opacity of local and regional governments and the PBoC.  Who gives a fuck what a nation with empty cities and ponzi fraud says?

Jul 31, 2011 3:15 PM

Anyone who talks about living within means in a system of DEBT money exposes themselves as a fool.

there is NO ROOM for living within means in this monetary system.  If credit does not grow, the system will implode.  It is a matter of basic mathematics, ok? 

Jul 31, 2011 3:18 PM

speaking of Federal hiring...the employee rolls at FNM and FRE are roughly half blacks.  In a nation where blacks are 12% of the population, I can tick down the federal agencies who have hired vastly disproportionate amounts of one type of people.

Does this sound like real "diversity" to you?  Does it look like America?  The hiring push was not for everybody and diversity isn't really diversity.

Jul 31, 2011 3:20 PM

yes..they REQUIRE more debt here to fund more bullshit growth there.  More idle factories, more "high speed crash rail" and more empty cities.

Look at the homebuilders and what THEY did with easy credit...multiply that times ten and you have China

Jul 31, 2011 3:30 PM

you are categorically correct.

Take a look at the Maastricht limits and see what all the EU sovereigns did to cheat on that paper.  And here we are with nations in clear violation of the plain language limits of the treaty...and life goes on.

If we put a balanced budget amendment onto the Constitution, they would just lie, cheat, and steal their way around it.  The debt is $14T?  The ELECTORATE kept sending these same people back over and over again, didn't they?

Jul 31, 2011 3:34 PM

maybe they will make the evolutionary leap to sustainable society?  Like get to the wheel or a multistory building?

As things stand now, they let their kids die.  They figure fuckit we ain't short on niglets, we'll just have another dozen.

The white man would have already made Africa on par with Australia, but we just can't have that, now can we?  Better to have incessant civil wars and famine.

Jul 31, 2011 8:27 PM

I guess the robots will be the ones moving into those empty cities

Jul 31, 2011 8:28 PM

the libertarians will just tell you you aren't working hard enough

Jul 31, 2011 8:28 PM

absolutely, as natural language interpretation by computers improves.  See IBM's Watson

Jul 31, 2011 8:31 PM

YOUR RAYCISS

Jul 4, 2010 11:27 AM

This article is garbage.  Get it off the above-fold headline articles list.

Jul 4, 2010 11:50 AM

Sure, there's always an easy rationalization for it in the complete ABSENCE of any evidence proffered that this is a necessary measure.

Just like "Free Speech Zones" at the major conventions.

If the USCG or anyone could marshal some proof that investigative journalists (if they even exist anymore) are actually hampering the cleanup effort by being in the way of the Coast Guard, then there might be some merit.  I'm yet to see any because none has been offered.

This is just more creeping "Spin control."  Where is Kanye West?  The government's response is martial law now and attempts to control information flow.  This is the response of fascists, like the Chinese or the Iranians.

Jul 4, 2010 12:56 PM

All you people stop siding with the TERRISTS and FOLLOW THE LAW.

Jul 4, 2010 5:53 PM

Concur...

the government has never given a shit about reporters in danger; war correspondants are among the highest-fatality occupations in existence.  Hell, an Apache shot up a group containing them just for the hell of it or because one of the cameras one was carrying could plausibly be claimed to have looked like a weapon from 2km away.

The gov't wants POSITIVE coverage.  Negative coverage, iow, the truth, is The Enemy of the State.

Jul 4, 2011 10:36 AM

I would counsel ANYONE who is talking about the irrelevance of "paper claims against nature," as CHS just did, to never, ever put the adjective "cheap" in front of energy.

His mind is caught in the same paper box as everyone else's.  Perhaps he's too scared of what PO means, so he must unconsciously self-affirm with this caveat of "cheap," as if there will still be plenty of surplus energy, growing supplies, just at higher "prices."

There won't be.  The barrels don't care how much we charge for them.  Nature gives not a shit about our value systems.

There is no such thing as cheap oil.

Jul 4, 2011 10:37 AM

it won't make a difference when you wilfully ignore the cause of the collapse.

Jul 4, 2011 10:43 AM

ROTFL...did you fail to understand what you are replying to?

Diminishing returns are present in everything.  Look at Moore's Law and the cost to decrease the half-pitch to the next node.  And for what performance benefit?

Individual cores aren't significantly faster than 4 years ago despite huge increases in investment cost, time, materials, energy.  They have already bumped up against the limit of what the fundamental material can do (silicon).

Sure, there are doped diamond wafers coming and "nanotechnology," but will the cost of these things in time, energy, etc., be expected to be LOWER?  No; otherwise, they'd have been used all these years instead of the Si semiconductors.

Increased efficiency never lowers aggregate consumption.  A decrease in consumption WILL occur because there will be a decrease in supply.  You make it sound as if this is a salvation outcome when it is merely an inevitable consequence.  Half as good as oil?  Oil schmoil...oil was special for its energy density but primarily its SUPPLY RATE.

Power matters, not energy.

Jul 4, 2011 10:51 AM

wow...technocornucopian bullshit.

We're just not trying hard enough?  LOL.

A lot of people around this board are confused.  They think we used oil for dumbshit reasons or whatever.

Many even believe it has the highest EROI or something.  It doesn't.

The EROI is HIGHER from coal and human power!  YES.  EROI is HIGHER for human and horse powered shit than oil.

EROI really doesn't matter either!  What matters is POWER.  RATE.  Oil could be produced at a high EROI rate, a higher rate of aggregate surplus output than coal.

Power is why certain rivers are dammed and others not.  The Mississippi carries 10x the water at least versus the Colorado, yet the Colorado has the dams producing the electricity.  Ditto with the Columbia river.  GC Dam on that latter river produces 6.8GW, the entire Miss River produces perhaps 150.

It isn't about volume, it's about rate- POWER.

Jul 4, 2011 10:56 AM

huh?  Women love the nanny state...in fact, you can trace its rise here in the US directly back to suffrage.  The electorate elected people who gave them exactly what they asked for.  The hyperrich get rich regardless

Jul 4, 2011 10:59 AM

Are you a fuckin idiot?  Do you SERIOUSLY believe that the rate of oil production can increase forever?  Because that is what it would mean for peak oil to not be real.

Jul 4, 2011 11:02 AM

Uh...no.  It is Peak Oil.  As in OIL.

Light sweet peaked awhile ago.  Aggregate oil appears to have peaked a couple of years later.

Anyone talking about peak who says "there is plenty of oil," as if that somehow mitigates Peak, should really STFU and certainly not be bolding stuff in his posts for emphasis.

Let the people who really understand this topic speak about it.

Peak Oil means a maximum in the rate of production.  Peak is not just for oil; it's for everything including water, which as you know is indestructable.

Jul 4, 2011 11:05 AM

This is irrelevant, misleading GARBAGE.

If we taxed XOM's profits, which PERSON's pocket does that come out of?  Tax the person; corporations are fictions.  People work; corporations do not.

XOM turned around and did something with that $.  So, SOMEONE, somewhere who received it either did or should have paid taxes on it, either via income tax or dividend tax or sales tax or some other tax.

Corporation taxes are the biggest red herring ever.  Stop acting like the corporation is a person; it ISN'T.

Jul 4, 2011 11:11 AM

Idiot.

So, there are two options.

1) tax XOM profits.

Those profits then don't get paid to Congressman who then don't pay sales taxes on the things they buy with those donations.  Or they spend less because they get smaller contributions.  They buy less Bentleys, less hookers, less cocaine, less advertising, etc.  XOM also buys back less stock meaning less payola to the executives who also buy less of the stuff the Congress is buying.  If XOM's directors want to maintain their payouts, they will have to RAISE PRICES.  Meaning that YOU PAY THE TAX at the pump.

2) don't tax XOM profits.

This is already explained in #1. 

 

Taxing a corporation is USELESS.  Tax PEOPLE; they are the only ones that work.  The executives, stockholders, Congress, etc. are the ones who should be taxed if you want to tax someone.  You act like there is a PERSON named XOM who is running around with a bunch of free money.  While I'm up, fuck taxation in the first place- idiots like you speak as if this taxation regime is somehow VIRTUOUS, like the revenue side is the problem with budgets or that paying taxes and MORE TAXES is a good thing.

GFD, we can't have anything happening without the VIRTUE of taxation sittin on it, can we?

Jul 4, 2011 11:12 AM

yep...and interest rates are your indicator of aggregate returns

Jul 4, 2011 11:17 AM

they give away Visa Platinums.  Visa and MC Platinum was a shameless attempt to pirate the goodwill associated with the American Express Platinum card, which actually was/is hard to get.  AMEX sued the two of them for trademark infringement and achieved some success in the case in that the Visa/MC cards can no longer use the colors associated with Amex, though they can still use the descriptive terms.

Jul 4, 2011 11:29 AM

Peak is getting further away because it already happened.

Jul 4, 2011 11:32 AM

History Channel goes over the French Rollover Plan all the time.  heil 1940

Jul 4, 2011 11:33 PM

how many germans starved as a result of the jew confetti economic collapse?  Funny how history started in 1940

Jul 4, 2011 3:55 PM

Africans already can't feed their own kids without massive continual western food aid.  If that aid ever stops, tens or hundreds of millions will die

Jul 4, 2011 4:04 PM

this is a fantastic idea...they need to implement that in africa and in the USA as well, everywhere in the 3rd world.  I love the idea of incentivizing the teeming masses not to have more children.

We should give high IQ people a free car to have kids

Jul 4, 2011 4:16 PM

those still come without sawdust, right?

Jul 4, 2011 4:25 PM

What a total crock of SHIT.

Greece is NOT the victim here.  They fuckin SPENT far beyond what they produced for years!

They "work" that much??  Then howcome they don't PRODUCE shit?  Because they all fucking "work" for government!

Nobody forced Greece to borrow nor accede to the Eurozone.

Jul 4, 2011 4:37 PM

buying the most bankrupt stocks since mar 09 has produced the greatest returns.  The worse the shape, the more the hype, the closer to being tits up, the bigger the gains.

Jul 5, 2010 1:09 AM

And bye bye will go all e-commerce, web services, traffic control, GDP, VOIP, the phones, the TV, the everything.

I hope they do just so's there can be a complete hue and cry.  Anyone who's worked on the government's private NIPRnet knows what a complete bandwidth joke it is.  That we allow people such as these to make any decisions on our behalf is absurd.

Jul 5, 2010 1:11 AM

1984Brazil.

Hit the kill switch, g'bye Sigard.  Gonna be a lotta pissed off ppl too.

Jul 5, 2010 4:10 PM

To really mount a credible rebuttal, you need to learn how to spell "paradigm" properly

Jul 5, 2010 4:11 PM

To really mount a credible rebuttal, you need to learn how to spell "paradigm" properly

Jul 5, 2011 1:42 PM

you're not getting what the guy told you. Read it again.

Jul 5, 2011 1:46 PM

the "rolling" of debt is because of the fundamental mechanics of the abusive monetary system we have.

Why the hell should there BE any debt?  It seems the bigger production gets, the bigger the debt is to go with it.  When you figure out why that is, come back and talk to us.

Jul 5, 2011 1:47 PM

She was hot and 22...that should be the first thing in his opening argument

Jul 5, 2011 10:18 AM

ROTFL...a currency backed by even more bad debt than the dollar.

The truth of what PIMPCO says is that the dollar is a piece of trash but that there is nothing nontrashy that's out there as an alternative that banksters can still print.  Therefore, it's the do-nothing case

Jul 5, 2011 10:21 AM

WTF was your question?

Jul 5, 2011 10:39 AM

that's why people like Cavett don't like the anthem; normal people of normal vocal ability cannot sing it.  They like stupid shit like America the Beautiful that has like a 1/2 octave range

Jul 5, 2011 11:20 PM

let me get this straight....so if a bunch of half-wits reach "consensus" on something, that means it's going to happen??

The hubris of it all...

Jul 5, 2011 2:26 PM

Not guilty, bitchez

Jul 5, 2011 4:30 PM

they convicted Scott Peterson on less evidence than this

Jul 6, 2010 10:57 AM

The author is on crack.

Why in HELL would anyone want to base a monetary system atop an arbitrary standard that would have made South Africa the world's richest nation??  Gold is in terminal supply DECLINE now.

This notion of "backing" currency with one thing is what needs to die.  Back paper with real goods of any kind, as well as with services, and let the market figure out the ratios between them.

Jul 6, 2010 10:58 PM

The deflationists like Douchinger and all the idiots on his forum continue to ask however can we get a wage/price spiral with declining jobs and income?

Krugmoron is already bleating that the gov't should just HIRE people.  Everyone.  And set up makework.  That's how Weimar got off to a nice start, put everyone on the dole and just have the CB buy all the debts, same shit, different day.

Jul 6, 2010 11:00 AM

you hit the nail on the freakin head. 

The banksters will demand gold interest compounded against a real-world supply that only they control.  That's the point of banksters.  The silver/gold US std was supposed to get away from that but it never did.

ONLY Real Bills can give us freedom.  I could generate Bills for my time and expertise, or if I were a farmer, for my goods.  Banks would serve only as clearinghouses for this.  Gold would trade alongside coal or cattle or the hours of a dentist.  ALL things.  No interest, just reality.

Jul 6, 2010 11:07 PM

Wrong.  People were only against the stimulus because it didn't go to THEM.  Try another 700B and give it to the people and see how much support you get.  Guarantee a majority.

It'll be, "hey the bankers got theirs, now it's time to get mine."

Jul 6, 2010 11:12 PM

What we need is just mass debt repudiation.

everyone stop paying.  WE are the Z1, We are the money supply. Fuck them.  By austerity or ponzi, they are going to destroy our currency anyway.  The die is cast on this.

Jul 6, 2010 11:22 AM

you on crack too?  We have been backing money with DEBT.

I very clearly said REAL bills.

Jul 6, 2010 11:24 AM

Gold is trading on apocalypse.  The DXY has declined significantly, perhaps they are printing.

The dollar cannot weaken for long before POG starts to inflate

Jul 6, 2010 3:41 PM

No raid at 85 Broad?

Jul 6, 2010 4:15 PM

Shit must really be deteriorating if Krugtard is out there drumming for this already.  I mean, the last one was a couple tril and it was good for what, 14 months?

Jul 6, 2010 4:41 PM

If the stress tests were worth shit, the Fed wouldn't have had to step in and buy all these guys' toxic garbage bonds.  Who the fuck do they think they're foolin?

Jul 6, 2010 7:14 PM

Deeper than that, the entire profession of economics is ONLY relevant or even vaguely valid within a climate of GROWTH.

Japan's experience with rising prices in some things and credit deflation elsewhere, the so-called liquidity trap, was unforeseen and not even ackowledged as possible.

If we have left aggregate growth behind, the economists will fly us into a mountainside because they do not realize that the magnetic poles have flipped.  We can fly into the setting sun and they will tell us that we are going east.

There is NO study in economics for aggregate contraction or the impossibility of growth.  None.  Nobody even acknowledges it.  Therefore, do not expect ANY of the experts to ever get why the world seems to be upside down.

Jul 6, 2010 7:16 PM

I'm not following how an impeding sovereign debt crisis = sell gold

Jul 6, 2010 7:26 PM

I'm not following how an impeding sovereign debt crisis = sell gold

Jul 6, 2010 8:00 AM

Personality journalism.

The faces and personalities are more important than the facts.  So, you have to have access to "high profile" people.  It's like you're measured by the size and prestige of your rolodex and press people worship who you know and rub elbows with.

If you want truth, you've got here, RT, and Al Jazeera.  Pains me to say this but the network of the terrrists has a higher veracity than US media.  The system here is a big social club.

I mean I got video of Tim Russert (RIP) putting my son up on the Nats' home dugout during the 7th inning stretch.  He was at the game with Jim Carville.  How impartial can a journalist be when he is off-screen buddies with a frequent commentator?  He's gonna nail his friend to the wall?

It's ALL fucking theatre.

Jul 6, 2010 8:08 AM

same way kleptocracies always turn over, by the guillotine or Napoleon.  One wrinkle is that the near monoethnicity of the finance elite may revisit us with cries of Reinhard should it come to that.  Lack of diversity was never a problem coming, but sure evidence of persecution going.

Jul 6, 2010 9:39 AM

I blame the jooos

Jul 6, 2011 11:39 AM

Reality is totally passe...we have American Idol now and AutoTune

Jul 6, 2011 11:40 AM

Corporations can't pay taxes idiot.  Consumers pay taxes.

Jul 6, 2011 11:41 AM

wealth distribution is not the cause, it is a symptom.  You must remember that

Jul 6, 2011 11:43 AM

the nation is rotten from top to bottom.

From the deadbeat homeowners to the CEO of the banks.  From the union rank-and-file up to their chiefs.  Crooked, corrupt, all on the take.  Ghettofied society.

Jul 6, 2011 11:48 AM

Gold holds value.  Don't expect to get any richer than you already are

Jul 6, 2011 11:50 AM

Silverbugz are quite clearly speculators who whine a lot

Jul 6, 2011 11:55 PM

this stuff they're selling is the high-yield, lightsweet crude.  It's flat out worth more

Jul 6, 2011 3:51 PM

forget gold...SILVER.

I have it on good authority it will be at "49" by the end of the week and 60 next week!!!!!1

Jul 6, 2011 3:52 PM

you can own shit without being a SPECULATOR, dipshit

Jul 6, 2011 3:55 PM

I thought maybe they were drilling in the Marianas Trench

Jul 6, 2011 4:52 PM

KSA was burning 1mbpd last year at this time just to keep the population at bay (cooled off).  YoY, their direct consumption of this stuff is up 25%.  Export Land Model, bitchez

Jul 6, 2011 8:48 AM

their candidate has won for the past 3 elections running...

Jul 7, 2010 10:08 PM

Honey, you could patent table salt if you found a novel and useful application for it that was not anticipated by the prior art.

Jul 7, 2010 10:16 AM

berserk, bitchez

Jul 7, 2010 10:52 AM

You're not listening.

China has factories...so what?  To produce WHAT, for WHOM?

You guys seem to be able to wrap your heads around the pulling of demand forward via debt growth in the west...where do you think that demand found supply?  CHINA.

There is NO demand for China going forward.  We don't need more shit and cannot make it anyhow.  There simply isn't the energy supply.  It's got nothing to do with debt, money, reserve currencies, etc.  The world is LEAVING the Growth Era.  This may be a transient condition, that's up to the future.

But the simple point of fact is that we aren't growing anymore.  We are contracting.  Whoever manages CONTRACTION best comes out on top.  That is NOT China.  China has grossly mismanaged GROWTH, how the hell does anyone expect them to do now that the poles have swapped?  Everything they did for the past 30 years was predicated on rising western demand, growing their way out of poverty.  Growth is over.

So what is China left with other than a TON of sunk-cost uneconomical "assets"?  They have factories to produce junk that the world will no longer show GROWING consumption for.  Therefore, China should be reducing factories because western demand and credit creation is in reverse. 

Everyone, all the economists, all the politicians, every analysis, notice them, for the love of God, the word "growth" and a return to it is in EVERY single one.  This is the fundamental problem, worldwide growth limits, headroom, the ceiling.

Jul 7, 2010 10:56 AM

GTFO with this Chinese exceptionalism 1000 year empire shit.

Where was this empire during the Boxer Rebellion or the Opium Wars?  China was a backwaters as recently as 30 years ago.  OUR debt game grew them.

There is no strategic mastery going on just because they have slanty fucking eyes.

Jul 7, 2010 11:23 PM

see, we here are able to reason like chess players.  We see an endgame and so there's no point in playing the extra 20 moves.  The world will play the 20 moves.

The currency collapse is in slow-motion, look; it's been going on for 40 years.  The Roman collapse took hundreds.

As far as Red Money bringing out bad guys...LOLZ

NAFTA already made money laundering a matter of legal international banking.  There are billions sitting on banks this side of the border for which there is no way to account for their presence.  NAFTA enables trucks to cross to Mexico laden with paper cash, deposit in a Mexican bank, take a laundering fee haircut, and then those deposits can be taken via cashier's check or wire either to a US bank or a US branch of the same bank.

And it's all perfectly legal.  This is what is so laughable about the Patriot Act and all of this $10000 and $2000 transaction shit.  The BIG illegal activity is taking place every day totalling up over time to hundreds of billions in parked, laundered deposits.  The Gov already created the means by which if the terrrists were so inclined, they could move large amounts of money AT WILL.

Meanwhile, coin shops are having to take IDs for >2k purchases, what a fucking JOKE.  Green money would be turned into Red Money via mexican banks; it already has been.

Jul 7, 2010 12:48 PM

more accurately,  "information cascade"

Jul 7, 2010 2:14 PM

Stress, bitchez

Jul 7, 2010 3:16 PM

Swiss, bitchez

Jul 7, 2010 5:57 PM

Gold, bitchez

Jul 7, 2010 6:05 PM

LOL...was in an IBM facility today in DC.

Poster:  two computers side by side.  Captions below them, "Bear," "Bull."

You know it's bad when the vendor is essentially advertising for it.

Jul 7, 2010 9:52 AM

Mako is ENTIRELY correct about China.

Idiots like you guys were saying the same thing about Japan 25 years ago.

China CANNOT dump US assets, they cannot decouple, there is no miracle going on there other than miraculous destruction of their ecology.

Jul 7, 2010 9:56 AM

100% correct.

Why cannot people see that the "miraculous" growth of China was driven ENTIRELY by the miraculous growth of DEBT HERE.

There is NO real, sustainable demand for China - it is a PONZI.  The West has effectively strip-mined China.  Look at the pollution, look at the low wages, look at the billion peasants.

The destruction of rivers, lakes, water, air, all to provide for DEBT-driven western consumption.  And because of the complicity of the chinese "elite" who desired to get rich and live western.

China has entire cities nobody lives in, half their factories there is no demand for, the entire NATION as an institution is only marginally profitable now.

Jul 7, 2011 1:11 PM

she's black...that's all you need to know

Jul 7, 2011 1:24 PM

the secret is just to eat until you're no longer hungry, rather than 'till you're full

Jul 7, 2011 1:26 PM

well if the lower classes made good decisions, they wouldn't be the lower classes, would they?

Jul 7, 2011 1:30 PM

Icanhaz zombie apocalypse, bitchez?

Jul 7, 2011 1:35 PM

In DC Metro, they are rebuilding the entire Capital Beltway at once!  Huge traffic snarls, planning for a future...that won't come.  It's the busiest roadway in the US, but they could have built a lightrail around the loop for way cheaper.   The insanity of it all is mindboggling...maybe they will all be Nissan Leafs?  There won't be more cars needing more roads because there isn't more oil to power more cars.

Jul 7, 2011 1:43 PM

imagine GCS filled with people who are infected with ongoing flesh-eating strep and you have the condition of a lot of people in industrial cities LIKE Guangzhou.  I thought this was gonna be a pollution in China article when I read the headline lol

Jul 7, 2011 1:49 PM

I'm gonna be at a big family reunion this weekend and I'm sure the topic will come up at some point.  I'll hear the same shit, technology, oh "they" will just think of something.

How the fuck can you get anywhere when the people in "consensus" aren't smart enough to grasp the problem?  I struggle to come up with analogies, even at my level of intelligence, that can get the ordinary intellects to get their minds around the problem.

Consensus is the enemy of the truth.  Normal minds can only get linear growth.  That's how their lawn does it, how trees do it, how hills are shaped.  They have nothing they can compare compounding growth to and therefore it just doesn't exist and is beyond their comprehension.

They think technology will save the oil problem...look, mfers, technology is what permitted us to RAISE our extraction rate to meet the next doubling epoch.  It didn't create more oil, it pulled supply forward faster.  The technology did the opposite of what it was supposed to have done.  It just enabled faster consumption (Jevon's Paradox).

Jul 7, 2011 10:37 AM

entire blocs of them are locked up in his corner.  Obama goin pay mah mortgage Obama gonna pay for mah gayus

Jul 7, 2011 11:26 AM

African "governments" lol.

The problem is that EVERYWHERE, governments want to spend and keep the profits of successful ventures.

Nevermind that the fucking governors themselves never had the initiative or knowhow to get anything done.  All they know how to do is steal, like a bunch of common street thugs.

Look at what Norway has done with their crown royalties and compare to S. America or Africa.  Or even the Middle East.

Jul 7, 2011 11:28 AM

African't mine their own resources.  They're pathetic.

If whitey leaves, they will revert to the stone ages

Jul 7, 2011 11:35 AM

Atlanta LOL...a black-run school system that got caught in a decade long systemic cheating scandal.  They were the "proof" of the educability of this demographic, the shining beacon of how things could be done 365black and done right. 

Jul 7, 2011 12:03 PM

if you had ever really earned a lot of money, you'd think otherwise. 

Jul 7, 2011 12:17 PM

fuck the locals.  At what point is anyone going to call Africa out for its indigenous failure to develop its OWN resources?

Jul 7, 2011 12:19 PM

How about this...how about let them develop their own resources.

We were pumping oil here for 80 years before the ragheads had any clue there was black gold under their camels

Jul 7, 2011 12:22 PM

was she black?  If so then YOU RAYCISS

Jul 7, 2011 12:23 PM

at some point the numbers getting laid off will match the numbers of those dropping off the back end and we will be "pegged"

Jul 7, 2011 12:25 PM

he missed that whole "authorized by law" part of the 14th, eh?

Jul 7, 2011 2:01 PM

well i had a friend who was short happy a couple weeks ago, and I said, nah, I see the SP, if it's gonna drop, it will put in a big H&S formation.  Wait for a rally to SPY 135ish.  And here we are.  The next couple of days are meak or break but I ain't shorting shit until I see a break of the neckline.  Learnt the hard way back in '10.

If the QEx isn't coming and the austerity is and all of that deflation shit, then this is what's gonna happen.  We'll slog sideways to down, and then break south

Jul 7, 2011 2:05 PM

take a look at Five Guys franchise requirements.  They wanted 500k in liquid and 1.3M+ total net, along with capability to do at least 5 locations.

Only the rich have a chance to get richer.  If you're just a hardworker with a dream, you're not gettin on no gravy train.  Life is like No Limit poker where the tall stacks just bully the shorter ones off of pots and the only way the short stack gets parity or comes back is via a hail mary on the river.

Oh and every guy I know who was in the Clitton WH is a sellout lobbyist now, cashing in on their connections (and I mean mfing cashing in kaching).  All those idealists from the party of the little people sure have managed to get filthy rich.

Jul 7, 2011 2:09 PM

take a look at Five Guys franchise requirements.  They wanted 500k in liquid and 1.3M+ total net, along with capability to do at least 5 locations.

Only the rich have a chance to get richer.  If you're just a hardworker with a dream, you're not gettin on no gravy train.  Life is like No Limit poker where the tall stacks just bully the shorter ones off of pots and the only way the short stack gets parity or comes back is via a hail mary on the river.

Oh and every guy I know who was in the Clitton WH is a sellout lobbyist now, cashing in on their connections (and I mean mfing cashing in kaching).  All those idealists from the party of the little people sure have managed to get filthy rich.

Jul 7, 2011 2:55 PM

and they were the cheapest contractor for shit like the Bay Bridge...awsumz!

Can't wait to drive on that thing LOL

Jul 8, 2010 2:02 PM

Hmm...refresh my memory.  Which group is it that has a pathological aversion to anything non-negative regarding a muslim?  Whose #1 enemy is Hezbollah, anyway?

Jul 8, 2010 2:18 PM

Huh?  Those who are not familiar with exponential math are always surprised that things seem to be getting bigger!

As the debt compounds, geometric increases in either frequency or quantity (or both) are a mathematical certainty.

Jul 8, 2010 4:58 PM

Reminiscent of Chernobyl

Jul 8, 2010 9:48 PM

I'll summarize:  we're fucked

Jul 8, 2011 10:56 AM

no, europe is not 3rd world...they haven't imported significant enough 3rd world demographics to get there yet.  Give them time.  They want to have the strength that is our diversity.

The greatest achievements in history were only possible through diversity.  Think about it...Columbus sailing to the New World.  Tons of diversity.  The Apollo Program...diversity everywhere.  Manhattan Project...diversity.  I mean I watch the Hollywood depictions of these things and I see a rainbow of colors, it looks "just like America," and just like all the audiences they select to stand behind the President for any speech.  I mean, even the Norse Gods are diverse.

Jul 8, 2011 11:00 AM

uh, no...he's on CPT

Jul 8, 2011 11:02 AM

This jobs number is nothing that more diversity won't fix.

The Federal Gov and USPS are loaded with diversity.  And just look at how efficient and well they function.

Jul 8, 2011 11:03 AM

He is Teddy Ruxpin. 

I would mark the fuck out if they put that bear up there with an Obama sounding tape in his back

Jul 8, 2011 11:07 AM

Your to rayciss

He's on CPT and for you to expect him to abide by your rayciss standards of behavior is oppressive and - did I say - RAYCISS.  He is diversity and DIVERSITY IS STRENGTH.  Diversity macht frei, got it?

Jul 8, 2011 11:27 AM

it's going to require a lot more diversity, because diversity is strength

Jul 8, 2011 11:30 AM

Britain has done their level best to import as much diversity as possible in the past few decades, so I don't understand how they could be at a point of failure.  Diversity is strength.

Jul 8, 2011 11:33 AM

racist

Jul 8, 2011 11:33 AM

Sure there is.  We just need more diversity. 

Jul 8, 2011 11:35 AM

only if you are the wrong color.  The jobs and school slots remaining are bending over backwards to inject more diversity.  If you can make it to mid 20s without any major felonies, then the sky is the limit.

Jul 8, 2011 11:40 AM

who cares??  ALL that matters is that McDonald's launched "365black".

Look that shit up

Jul 8, 2011 11:41 AM

are you 365black?  Because if you ain't, then those jobs ain't for you, son.

Jul 8, 2011 11:44 AM

racist

Jul 8, 2011 11:44 AM

sure they do.  Anything that will combine with oxygen can spark.  Watch a jet crashing on the runway and you will see a lotta sparks and then a lot of oxidation.

Drop some sodium or potassium into water and watch the sparks!

Jul 8, 2011 11:48 AM

McDonalds is 365black.  Look it up if you think I'm FOS...365black.com

WTF is goin on is right the hell in front of y'alls faces if you're willing to look.

The jobs aren't for you.  The bennies aren't for you.  Principal reduction, promotions, entry level...none of that is for you.  McDonalds isn't for you either.

If 365black won't solve shit, then we need more days in the year.  And more MLK statues.

Jul 8, 2011 11:49 AM

racist!

Jul 8, 2011 11:50 AM

365black.com

This is the new face of McDonalds.  Doesn't look like you?  Then STFU

Jul 8, 2011 11:50 AM

you're racist if you don't

Jul 8, 2011 11:52 AM

you're a racist too.  Black is black.  Just like Halle Barry said.  One drop rule, paper bag test (they do these at HBCUs).

Jul 8, 2011 4:13 PM

we got a statue of MLK on the Mall now bigger than the other monuments...is there a 365white?

Open your eyes.  The gov is 365black too...it's been 30 years of this shit

Jul 8, 2011 7:36 PM

Ricky knows what's up...the government is 365black and even NASA is in "crisis" because they are not 365 black.  They're like 0black and that is a CRISIS.

Jul 8, 2011 9:13 AM

yeah when they rallied to new 52Hs, I gave up on my hope of shorting any big drop here.  They not only levitate but climb hard

Jul 8, 2011 9:15 AM

I tell the story of the rich lobbyist I know who was talking about a "housing crisis" that he heard about and read about in 2008 and he "just didn't see it."  In his circle of friends, the really rich, times had never been better and continue to remain so

Jul 8, 2011 9:21 AM

Closed, bitchez

Jul 8, 2011 9:23 AM

WTF jobs are out there for people of average skill and intellect?  They're all in CHINA now.

Jul 8, 2011 9:26 AM

WTF can they do about it?

Look, Ross freakin Perot was in the 92 election screaming about NAFTA, which was just one of the first of those trade treaties that was going to usher in limitless prosperity by moving all production offshore.

Well, yeah, while the bubbles were frothing, the people bought the bullshit.  Now, here we are a couple decades later and the chickens have come home to roost.  Now what?  All the jobs for ordinary people are gone.  If you're connected, just like in S. America, you're ok.  If you're brilliant, there is still some room for you in IT.  If you're the right color you get favored hiring in government and for "diversity," (which is our greatest strength, right?).

If you're not in any of these classes, sorry...there's half a billion Chinese just like you willing to tolerate what you take PLUS polluted water, air, and food.

Jul 8, 2011 9:34 AM

you're just a RAYCISS

Diversity is OUR STRENGTH, ok?  And you're here saying that it's not, that makes you an Enemy of Everything.  Look, we just got a 30 foot tall MLK statute on the mall.  I think they should tear down all the other monuments and replace them with MLK because MLK is literally the most significant person in the history of people.  I mean, gfdit, he HAD A DREAM, ok?  And that's special because nobody ever did that before.

Jul 9, 2010 10:48 AM

He also paved the road to feudalism.  One drought or crop blight forced people into bankruptcy to the State just like the Irish were dealt during the Great Famine by English landowners.

People began selling themselves into serfdom, becoming renters to increasingly larger landowners simply because they could not pay the production tax.  These became the medieval duchies.

Jul 9, 2010 11:07 AM

Oh sure...they won't seize your guns.  They've NEVER done that sort of thing.

And when you threaten them with one, they will just meekly go away.  They won't come back with tanks or an Apache.

I laugh at people who hoard guns and stockpile ammunition.  I have carried a thousand or so rounds of pistol ammo back and forth from here or there.  There is ZERO percent chance I could really go anywhere with even that small amount of lead.  It's too heavy.  A stockpile of ammunition is completely immobile.  At 60mg per grain, each 230gr .45 slug alone weighs 14g, no powder, no brass.  Try scaling that up and lugging it around, plus the rifle ammo, plus the rifle and pistol.

The dollar equivalent of gold is 1 oz.

Jul 9, 2010 11:20 AM

Yeah, gold's in a bubble, as said by people who couldn't spot any of the other bubbles.  But they gots this one, nigga

Gold CANNOT be in a bubble unless people are buying it on credit to flip.

Gold production peaked in 2000.  Its price movement since is consistent with standard supply/demand dynamics

Jul 9, 2010 4:30 PM

Funny as hell, +31.1034768

Jun 1, 2010 1:01 PM

Ur right...gold can be conjured into existence at will just like tulip bulbs.

Jun 1, 2010 10:41 PM

The part about clicking to buy physical gold in your etrade account, because you can't do that

Jun 1, 2010 11:48 AM

Gold 10000?  LOL..loaf of bread to $10

Jun 1, 2010 12:09 AM

Sounds like a very good reason to eliminate these systemically risky entities and nationalize the entire thing into USTs, don't it?  I can see the headlines already...

I observed a few years ago that there were trillions sitting in PIMPCO, American, Invesco, Vanguard, Fidelity.  All these have at least $500B under management so far as I recall and the larger ones around a trillion.  Would go a REAL long way to staving off debt default if the government were to feel the itch like Argentina did.

Wouldn't even have to seize it, just use the taxation power.  'Course, it'd kill velocity dead but that's just one stair in the case

Jun 1, 2010 12:46 PM

This is godawful bullshit.

Most of history did not function on a fucking creditmoney system, dude.

Real Bills lasted for centuries and did not require central banking, only that banks serve a clearing function.

The Bank of England figured out that lending to the sovereign was far more profitable, because it gave them control of the money supply.

Jun 1, 2010 12:50 PM

Irrelevant in the end.

Why?  Because the banks CANNOT control reality with their bullshit interest rates and credit.

They CANNOT lend at any rate cheap enough to cause Cantarell's production to come back or for Helium production to rise.  Why?  Because these things are physically impossible now.  Gold entered production supply decline in 2000...that's THAT.  Mother Nature BATS LAST and she goes yard like it's a habit.

The real is reasserting itself.

Jun 1, 2010 12:53 PM

Concur.  Gold in my mind may as well be platinum or anything else.  Something you can walk with to somewhere else and exchange for local paper/goods/services.

Nothing magical or special about it at all.

Jun 1, 2010 12:59 PM

This is absolutely the STUPIDEST thing I've ever heard.

Production exists WITHOUT CREDIT.

Credit can be manufactured at WILL.  The Real Bills system ran for centuries on the back of it.

Jun 1, 2010 3:30 PM

Then your original statement about credit was an UTTER and complete non sequitur.

I imagine you have no clue why...

Jun 1, 2010 3:31 PM

And you cannot seem to figure out why and that this SYSTEM is not coextensive with CREDIT in the absolute, can you?

Jun 1, 2010 3:34 PM

Trav by armbar 2:12 round 1

Jun 1, 2010 3:34 PM

This is absolute and complete bullshit.

THIS system is one where credit IS money.

Former systems functioned on pure fiat, metals standards, Real Bills, etc.

Credit-based money IS THE ABERRATION.

Even in a contractionary aggregate climate, there will still be lending and borrowing, moron.  The entire INSTITUTION of credit is not ending.  What has reached its terminal inflection is the institution of creditMONEY, or to state it another way, UNreal Bills Doctrine.

Jun 1, 2010 8:40 PM

Wow...Johnny Bravo takes down and armbars the correct!

Know what, JB, you can't fucking back the levels of growth the world "needs" with the freakin amount of OIL WE CAN SUPPLY.

The world cannot keep growing so long as aggregate net energy input is falling!

You stumbled into the REAL PROBLEM.  Debt can NO LONGER back currency as the future presents an aggregate INability to repay in growth.

At this point, real production MUST back paper or else paper based upon debt will CONTINUE to be discounted because the future is one of contraction, not growth.

Jun 1, 2010 8:41 PM

Dude...we do NOT have FIAT currency, ok?

None of you who believe that are right in any way, shape or form!

We have a currency backed by DEBT.  In other words, the currency is backed by claims against the future which include compound interest.

Therefore, for our money to have par value, the future must present at least GROWTH by the prevailing rate of interest.

Guess what?  It no longer does. 

Jun 1, 2010 8:47 PM

Horseshit!

Gold production is in IRREVOCABLE supply decline since 2000.  If you plot a curve of supply you will see it INEXORABLY declining.  And the best part is it cannot be resurrected.

Sure, there will be bumps along the way where you eke out a YoY increase.  But a smoothed moving average will show a continuous decrease in production rates.  Just like oil now.

You cannot back paper that you expect to grow in supply with things that are going to decrease.  This is precisely WHY the future is INFLATION despite DEFLATION in broad money!

The Douchingites and the inflationists are BOTH WRONG.  Credit IS deflating to reflect the point of recognition that the future is one of LESS, not growth.

But at the same time, existing money levies a compound interest REQUIREMENT onto itself via its very existence.  This necessitates monetization, because there will not be the production necessary to back the debt!

Debt/GDP is all that matters really in a creditmoney system.  But, world aggregate GDP, real production, is going to fall, because a necessary input to ALL things, energy supply, is presently in real decline as measured by EROI and in nominal supply decline as measured by C&C or all-liquids production metrics.

I don't see how anyone can believe we can have more people doing more things if we don't have more energy because energy is what DOES the doing!  Jevon's Paradox stands at the ready to bitchslap any efficiency Polyannas, too.

Mother Nature bats last and she has plate discipline and lightspeed hands through the strikezone.

Jun 1, 2010 8:49 PM

Then I guess everyone becomes a criminal, eh?

Bc last I heard you could still score blow despite it bein a felony to sell it.

Jun 1, 2010 9:03 PM

+infinity and fuck everyone who junked you

There's no fucking oil anywhere else to go get.  It's this or face the types of production cliffs that Cantarell had

Jun 1, 2010 9:05 PM

Quick as SHIT on the draw against BP.

Against financial firms?  Gets shot 10/10 by a 3-toed sloth.

Jun 1, 2010 9:32 PM

Iran doesn't have a delivery vehicle nor a weaponized device

Jun 1, 2010 9:38 PM

Oh it's worse...they ordered its surrender to the FEDERAL RESERVE, at that time not even ARGUABLY a non-private institution.

Jun 1, 2010 9:42 PM

I bought all 190k oz guys, sorry...

They're all buried in my backyard

Jun 1, 2011 10:10 AM

the need for QE3 w/o the crash...longs are lovin it

Jun 1, 2011 11:04 PM

only teeth you've kicked in are your own from putting your foot in your mouth, dipshit.

Jun 1, 2011 11:05 AM

this is why silver is the poor man's gold and you shouldn't listen to silver pumpers telling you you are going to get rich off of it.

Gold smells something coming.

Silver is an industrial commodity now, not a PM

Jun 1, 2011 11:06 PM

it was as I said it was, dipshit

Jun 1, 2011 11:08 PM

this has been explained to you about a million times, MORON, but I'll try once more....COMEX is NOT silver supply.

It is a FUTURES exchange.  MOST silver goes directly from miners to silver consumers; it DOES NOT go through COMEX.

Now shut the fuck up before you cost someone else their life savings, Cliff.

Jun 1, 2011 11:10 AM

yes, but all your other picks are getting monkeyhammered

Jun 1, 2011 11:12 AM

point of recognition is being achieved that everything is risk.  Gold can be shoved around a bit by paper, but it is bedrock anti-risk.

Watch the USG burn through all the pension funds, writing IOUs to them like they do SS (public pension fund seizure), and there is no point in changing the ceiling.  They have magically "found" more revenues.

At the end, every single stinking account will be filled with IOUs from a bankrupt sovereign. 

Jun 1, 2011 11:12 AM

then we will see a UE spike and ISM crash, along with consumer confidence and the President's approval rating, right into the election year.

Color me skeptical of that, especially with the hawkish rhetoric from the right.

Jun 1, 2011 11:20 AM

Whalen is getting his shorts blowtorched.

Look; it really doesn't matter what the Fed does except for the fact that every single fucking commentator is trying to play jewgames on its coattails.

ALL the people who want the Fed to back off are looking to short and get rich speculating.  ALL the people who want the Fed to QEx are looking to margin long and get rich speculating.

There is not a goddamned person who voices an opinion who isn't talking his effing book.  The REALITY is that the economy is saturated and there isn't much to do profitably at higher yields.  Yields follow the natural evolution of what the economy can bear.

Does ANYONE really believe that you could turn a profit borrowing at 8% in the USA?  With all the regulations and laws we have, with every square inch developed?  This is like SimCity when you got the screen full; there's nothing left to DO in the game- growth stops.  We are there.  If there is no organic growth to be had in the economy, there is no way ANY coupon can be supported.

"Interest earning assets and margins," lol, a euphemism for speculators trying to get something for nothing.

Jun 1, 2011 11:22 PM

Those who do not will be doomed to a life of mediocrity

so in other words, they'll have your life

Jun 1, 2011 11:23 AM

silver is an industrial metal.

All the pumpers who predict "silver to 60 by next week" then always justify their case by "look at all the growing industrial demand."  Also, they throw in "silver isn't mined except as a byproduct of base metal production."

Ergo, silver is clearly an industrial metal.  That doesn't imply a low price; rhodium and other PGMs are primarily industrial and yet still precious in a price sense.

But, know what you are getting into when you are stacking silver.

Jun 1, 2011 11:23 AM

only pick up silver if you can get a good deal.  Once you have a couple hundred ounces, no more silver...ever.

Unless you are looking to speculate.  If "TSHTF," then you have day-to-day purchasing power and can make change and whatnot.

But silver is too heavy to run with enough of it to make a difference.  Compare the relative worth of 150oz Ag to 150oz Au or even 150oz Pt.  If the S really HTF, you'll want your wealth to be portable.

Jun 1, 2011 11:29 PM

One only makes a loss when they sell?  ROTFL...that's the cry of an underwater bagholder.

I'm not a fan of silver as any kind of longterm hold.  If you want to hold for "TSHTF," hold gold.  Silver and its pumpers are looking for speculative gains.

This IS a nonconsensus argument around here, and it's not popular simply because several idiotic silver pumpers have created a lot of bagholders with their "silver to 60 by next week" bullshit calls.

All this crap about "manipulation," nobody EVER says that when the price goes up.  Only when it goes down.  It's like you silver pumpers have gotten it into your minds that it is ordained from heaven that silver MUST go up.

I have demonstrated that it is now an industrial metal.  And as industrial demand may wane, one should expect its price to drop.  Those who have conned gullible sheep into BTFDing should be ashamed of themselves.  They may post in response to me trying to mislead people and distract from the truth that their shameless bullshitting and pumping have cost a lot of people a lot of money.  They've been wrong, and shown to be complete fools.

Jun 1, 2011 11:31 AM

let's suppose we did all that, subsidized a bunch of tractors.

What oil are they gonna run on?  If we have human shovelers, what oil will we run the industrial agro on to feed them at a higher rate?

People would be wise to study the discontinuity that just "happened" in the early 70s.  It wasn't monetary in origin.  Raygun succeeded in extending the dollar umbrella to some important nations far away, but that game has now run out.  And here we are seeing the same symptoms...go figure.

what is happening to money is not the cause; it is a symptom. 

Jun 1, 2011 11:32 AM

Obama is a homo with so many skeletons in his closet that he could start his own graveyard.

Someone who is going to "turn" will have to be less compromised.  And have the spine for it.  Bambi has been an AA baby his entire life; he's not looking for conflict or to stand for anything.  He's looking to be put on a pedestal.

Jun 1, 2011 11:35 AM

Stuffed, bitchez

Jun 1, 2011 11:39 AM

where is your dispute of anything I said, jackass?

Lemme guess, another silver pumper looking to "get rich" off of an industrial metal.

Jun 1, 2011 11:41 AM

no...gold buys about the same amount of oil as before.

Or haven't you noticed the rise in general price level?

Jun 1, 2011 11:44 AM

well there ain't no jap cars comin in, so the only thing holding back GM's total market domination is the suckassedness of their products

Jun 1, 2011 12:07 PM

eh...the problem was not this.

The problem was that GM's senior management found the ponzi usury racket in finance to be FAR more lucrative for well over a decade.

If you peek into GM's financials over the past 10 or 15 years, you see that profit growth was driven by GMAC, and that the car business became a neglected legacy sideshow.  When the financial/housing bubble crashed, so did GM.  Now they are left with having to live off of a core car business that was for a long time a complete afterthought and irrelevancy. 

Jun 1, 2011 12:07 PM

hide in the trunk with your bungee LOL

Jun 1, 2011 12:08 PM

and if one expects senior management to pour these subsidies back into improving the Volt's fatal flaws, rather than driving their own bonuses for a "job well done," then you are simply either stupid, brain dead, heavily intoxicated, or all of the above.

Jun 1, 2011 12:08 PM

the thing looks totally automated...once you remove humans from the loop, shit actually runs pretty efficiently.

It would, I wager, take less time than it takes the valets in a 3 story US garage to move the cars in front of mine around in order to get mine out.

Jun 1, 2011 12:09 PM

how much worse is it for the banks to have "repaid" TARP and treasury loans with market funding under an FDIC guarantee of the debt?

Jun 1, 2011 12:11 PM

seein panameras and cayennes all over.

An abomination when a sports car racing company like Porsche is driving its sales from fucking poseur SUVs and 4 doors.  When is the last time anyone saw a 911??

Jun 1, 2011 12:17 PM

now up 12 while silver is getting blowtorched.

Some hard lessons to be learnt here

Jun 1, 2011 12:19 PM

i stick primarily with energy and yield plays, thanks.

As yields fall, the prices of yielders will rise.  Energy is a beta off of Brent.

Sure I'm envious of the GGP and WYNN returns but I know as soon as I dive into them, they will crash lol

Jun 1, 2011 12:24 PM

if gold is to be a future reserve asset, it needs to find a higher price level to prevent speculative attack against sovereign reserves.

Right now, gold is too cheap to be defended against the mountains of paper seeking to expatriate it.

Jun 1, 2011 12:25 PM

you might want to ponder why that is the case.  You may discover it has something to do with the unprofitability of development of that land.

When you understand this concept, the mechanics of prevailing interest rates will become much clearer.

That is when you will start to see money and debt as instruments subject to supply and demand forces like all the rest.

Yields' being negative is simply another way to say that shit is now UNPROFITABLE.  I'm surprised it never dawned on any of the commentators what the implications of their statements are.

The Fed cannot raise rates because there is NO DEMAND for credit at that price.  There's hardly any demand at ZIRP.

The liquidity trap is discussed by some economists who throw their paper models and idiotic bullshit around without sticking their head out of their office to see what causes it.  Economic saturation does, an aggregate zero yield climate.  All the credit in the world even at 0% will not be borrowed if there is nothing to do that will earn a >0% yield.

Jun 1, 2011 12:28 PM

silver's PM role is an anachronism.

Look at where the silver production goes.

Fuck man, read some of what the silver pumpers say about it. 

Here's some help for you:  http://www.silverinstitute.org/supply_demand.php

It's an industrial metal now.  Half of the demand is industrial.  If industry crashes, your silver isn't spiking to the fucking moon.

Jun 1, 2011 12:29 PM

naw, bitch, I been long the physical since...$12?  Hell, I had 100oz at $6.52 per ASE.

I was a buyer at the bottom, son.

Jun 1, 2011 12:36 PM

whatsamatter, Claven, you don't like YOUR OWN pumper arguments being shoved back into your face?

You can't have it both ways, Cliff...you can't have OVER HALF of demand being industrial and almost ALL of production growth being byproduct of industrial metals (zinc/lead/nickel/etc) and not acknowledge that your precious silver is itself ALSO an industrial metal.

Look at the facts: http://www.silverinstitute.org/supply_demand.php

only in the past 2 years have bagholders bought into the get rich fairy tales of shameless pumpers like you; for most of the run, industrial use is what drove price.  And the falloff of industrial use is what drove the declines.

Jun 1, 2011 12:41 PM

silver is an industrial metal, gold is not.

The ISM and other prints are telling us that industrial activity is falling...perhaps even collapsing depending on your perspective.  Silver's price action should be expected to be weak in this climate.

Jun 1, 2011 3:06 PM

after 30 years of filling blacks' heads en masse with complete bullshit as to their entitlements as a result of EXISTING, how could ANYONE fail to disappoint them?

Literally, the narrative is that they be's kings and queens n'shit.  Any departure from the realization that Obama NOT goin be payin mah mortgage, Obama NOT goin be payin my gayus leads to severe disillusionment and the belief that they are being cheated again by whitey.

Jun 1, 2011 3:09 PM

I trust KMP to pay dividends before I trust FRNs to hold value

Jun 1, 2011 3:19 PM

yes, whenever things don't go your way, blame massive, sinister, unseen conspiracies.

Fuckin traffic this morning was obviously HAAAARP related.

Jun 1, 2011 3:22 PM

agree...you can look at demand and you see major categories of investment, coins, silverware, jewelry.  There is a PM component to silver, but this is more of a historical relic than a true "purpose" any longer.  That's all I'm saying.

Silver has both a PM component and an industrial component, but the reality of today is that it has become an industrial metal.  If industrial use falls off, both supply and demand will.  Price will cannibalize the PM purpose.  Less jewelry and coins will be bought in such an eventuality.

Jun 1, 2011 3:32 PM

you are the "SHTF" bugout madmaxer, you dipshit.

I have said stay in the cities, the "collapse" won't be like you stupid fucking silver stacking canned ham burying misanthropes hope.

Jun 1, 2011 3:33 PM

why the hell would things "all fall apart tomorrow"?  Are white people going to stop acting like it or something?

This country ain't all Katrina, dude

Jun 1, 2011 4:02 PM

Josey Wales is one of the greatest movies of all time and a tour de force of great lines.

Wales:  "soon as I get to likin somebody, they ain't around too long,"

Wattie:  "I've noticed that soon as you get to dislikin somebody, they ain't around too long neither."

but the original article was total bullshit.  What these idiots who talk about marginal tax rates omit is that the numbers of deductions have been sliced down.  Those 90% rates weren't paid by anyone as all kinds of things were deductible from income back then.

Jun 1, 2011 4:32 PM

Someone was just tellin the silver pumpers on another thread about this, that there would be some hard lessons learnt here on industrial metals vs PMs.

Who was that guy?  I remember his being very good looking and highly intelligent...

Jun 1, 2011 4:39 PM

wow...gettin called a rayciss by a sniveling white person, gosh why that's never happened before

Jun 1, 2011 4:41 PM

take a look at kitco while more of your life savings get blowtorched.

I am going to buy you and mosely-claven and all of the silverbugz and use your hollow skulls as ashtrays

Jun 1, 2011 4:42 PM

I think I was patently clear on that.

And your precious industrial metal is getting blowtorched again, along with another huge significant share of tmosely-claven's life savings.

It's amazing how quiet you guys are on days like this

Jun 1, 2011 4:49 PM

people don't understand that this deflation is not like others; this one represents systemic insolvency where the basis for the debtmoney is eroding out from underneath it via default.

The very *monetary* system we used cannot, itself, be repaid.

Jun 1, 2011 5:33 PM

who cares?  COMEX inventories are irrelevant

Jun 1, 2011 5:35 PM

that cancer curing geniuses lost another chunk of their life savings today as silver got blowtorched

Jun 1, 2011 8:40 AM

why doesn't his bitch ass actually go and do something PRODUCTIVE with the funds instead of sitting around whining for free yield through paper shenanigans.

Gross should really try to go EARN that yield.

Jun 10, 2010 11:12 PM

Sure and he'll reverse oil production declines too.

Gold peaked in 2000, bud.  There is less YoY supply now and this trend will not reverse.  RSA is in a state of veritable production collapse.

Jun 10, 2010 11:13 PM

Huh?

If supply is declining, should not price rise?

Jun 10, 2010 11:20 PM

You have some evidence of your claims?  Or are you just a freakin raving lunatic?

Nobody even yet KNOWS wtf went wrong with this well and you've already gone to lynch mob.

BP shouldn't pay Florida a fucking DIME because any dime they DO pay to the STATE of Florida will end up in the pockets of the ELITES.  It will ALL be stolen.  Governments appropriate funds on "behalf" of their citizens that never go to them.

Jun 10, 2010 11:21 PM

No, the fucking laws of physics did

Jun 10, 2010 11:23 PM

You're out of your mind if you believe this shit.

There is no cheating physics, ok?  Oil is significantly more energy-dense than any competing substance. 

Jun 10, 2010 11:26 PM

This is a phenomenon I predicted years ago.

The government's appetite for revenue is voracious.

If BP does pay FL, none of the money will go into the hands of the CITIZENS harmed.  It will all be paid in no-bid and cherry contracts to people connected to the government.  I bet already there are firms hiring lobbyists to bribe FL legislators to get a piece of this money.  The plan is to put it into THEIR pockets.  Nobody gives so much as a fuck about a fisherman or dive boat operator.  They want the MONEY.

As governments suffer under cash flow problems, they are going to look for any and every excuse to confiscate EVERYTHING.  We already see this at the local level with civil forfeiture laws where the police prosecute your freaking money instead of you.  Oh, the money he had in his pocket failed to enter a plea...guilty...it's ours now.

Jun 10, 2010 11:29 PM

What company ISN'T corrupt these days?

Do you fancy it's EASY to get the bribes put together in order to get approval to actually produce oil?  BP should take its shit and say fuck you YOU GO GET IT.

I've got an idea, GG, how about you take YOUR ass and your shit down 23000 feet and gimme that oil for my fuckin SUV?

Jun 10, 2010 11:37 PM

You've stumbled upon the truth.  NOT ONE government is at all interested in getting the PEOPLE any of this money.  They want it in their own hands.  A pool of money means massive bribe and "campaign contribution" opportunities to dole it out to various business interests.

Katrina was some of the best shit that ever happened down there, a veritable motherlode of free money.  And meanwhile you've got volunteers going in there and rebuilding stuff.  Where the fuck did all the federal money go?

Now, we've got a nice deep-pockets defendant, and one from a politically unpopular class, those EVIL "big oil" companies who just love to RAPE US by charging us $3 a gallon when we "deserve" the stuff for our big SUV at $1.  it MUST be injustice because *I* am not getting what *I* want.

All these big oil companies developed the world and then the governments straight STOLE IT.  Wtf you think happened at Sakhalin and Samotlor and where Aramco came from?

I really have no toleration for people ignorant of the oil business.  Exxon is regarded as huge; they aren't even in the top 10.  The big fish are state-owned.

Jun 10, 2010 11:41 PM

Gee...wonder why they're out there in a mile of water huh, taking all these risks?

It's because there isn't any FUCKING OIL anywhere else.

This situation is going to exacerbate Peak declines because after seeing BP get savaged like this, NO private oil company is going to touch this shit with a 10 foot pole.  The ONLY companies that will do this are state-owned and have sovereign immunity.

There's probably only one on the planet with this type of expertise, and that is Petrobras.

The OCS was supposed to be the savior according to Peak deniers...yeah, until ONE minor error occurs and it floods the fucking ocean with crude, you idiots.  Time to wake up and smell the coffee.

Jun 10, 2010 11:46 PM

Do we even yet KNOW whose freakin fault this accident was?  There are several major parties, BP, Halliburton, and Transocean as well as a bunch of smaller players.

You have a freaking hole poked into the earth in one mile of water and going through 18000' of rock...and people EXPECT this type of operation to be accident free??  The sheer insanity of such a notion...just asinine.

Nobody will accept nonzero risk, in anything.  Gibs me dat.

Jun 10, 2010 12:50 PM

Oh hell yes they will be.

They'll also get BK bonuses because their knowledge is "essential" to a winddown.  Just like AIG.  Can't afford to lose that talent.

Like if Exxon gave the Valdez captain a huge bonus and retention pay because he knew the ship he just wrecked better than anyone else.

The executives will be taken care of...rank and file?  Fuck you.  The executives are already taking care of each other.

How many boards do you suppose BOTH Dimon and Blankfein sit on?

Jun 10, 2010 12:52 PM

POG can't be killed, the freakin supply peaked 10 years ago.  Demand has stayed but supply is dropping.

Permanently high price is in store.  So what if all the slum indians cannot afford at 1200?  There isn't the supply for them anyhow at a price they would pay.  As commodities go into supply decline, the weaker hands drop OUT of the bidding entirely.

Jun 10, 2010 2:05 PM

Fuck this Jeffrey Suchs.

The government needs to GET OUT OF THE WAY.  Labor pricing power created the middle class, NOT SOCIALISM.

Socialism and gov't sponsored "free trade" is what destroyed labor pricing power and aggrandized the executive class to pay the entirety of the profits to themselves.

Jun 10, 2010 2:10 PM

Agreed...lookin to harem-build with my FRNs

Jun 10, 2010 2:17 PM

concur.  I liked Simon Phoenix too

Jun 10, 2010 2:50 PM

dld

Jun 10, 2010 4:03 PM

Total SS receipts combine with State receipts, both income and sales, to paint a VASTLY different picture than the official headline numbers.

Combined with SS's problems with receipts is that we are now at 1945 + 65, meaning that the baby boom tidal wave is about to swamp the beach.  My dad was a 1945er and he took election at 62 as a lot of people have.  If some hold out till the full age, that puts us in 2012 for the meat of only the first wave of the postwar boom entitled.

Jun 10, 2010 4:08 PM

SSA had no choice...the bigger fish have been stealing its lunch money for decades now.  Every administration

Jun 10, 2011 1:40 PM

you're a moron to have listened to your wife

Jun 10, 2011 1:41 PM

I agree...but let the fucking market clear, get them out of the house, collapse the banks, and let life go on.

As things stand the participants who drove the ponzi out of their OWN GREED on both sides are being allowed to perpetuate the fraud.

Let the prices find their equilibrium and let these deadbeat squatters bid on them or pay rent like the responsible people do.  And let the banks and banksters get hanged or go bankrupt or both.

Jun 10, 2011 1:42 PM

you aren't a victim, you deadbeat fuckstick.

You're as much a perpetrator as the bank.  You're not entitled to shit because they have bad documents. 

Every person like you AND the banksters is looking to get something for nothing and cheering when it happens.  The entire lot of you is irredeemably pathetic

Jun 10, 2011 2:05 PM

and like every other deadbeat "victim," she ATM'd her house out the yin yang.  Not her fault, though, right?  She was entitled to the free money.

Jun 10, 2011 2:06 PM

an "Honest" reset?  SURE THING, bitch, so long as you gave those of us who aren't underwater and weren't DIPSHITS using our houses as fucking ATMs to buy stupid road barge SUVs the same bennies that you get from this "honest" reset.

All you fucks want is more free money to replace your ATM house.

All the people on your street should be evicted.  They ALREADY GOT the benefit of all those house ATM dollars to pad their lavish lifestyles.  So fuck you AND them.  No more benefits for people like you.

Jun 10, 2011 2:13 PM

for anyone who used a MEW vehicle and is now underwater, FUCK YOU.  SWAT go get them.  Throw them out.

They already got their benefits.

For those who were unlucky at their ponzi timing and did not MEW, then we can talk resets and writedowns.  All the rest can fuck off.

Strategic defaulters should be removed.  Sell the fucking houses; let the market clear.  Imprison the bankers, fold up the banks.  This is the honest solution and honest answer.

Let the people who saved money become landlords...some reward for their behavior.  Our society has done nothing but reward dishonesty and shit for decades and that is why our society IS shit

Jun 10, 2011 2:21 PM

most of these people were greedy jackasses who MEW'd to buy consumer shit.  Fuck 'em.

Fuck everybody who enabled them and was dependent on them.  Fuck the whole lot of them.  I had a house bought in 2000 that went way the hell up too and I MEW'd not one goddamned dollar.

Jun 10, 2011 3:14 PM

Fuck you and the banks.

You don't have title to the property either, you jackoff.  You aren't an owner, you are a squatter.

The just thing to do is evict you and give the house to someone who has responsibly paid their rent and not MEWd their way to boats, plasmas, and SUVs

Jun 10, 2011 4:14 PM

the banks are liable for damages for breach the same as you are.

Stop acting like everybody gets free shit if they see things as a "business decision."

The nation will have to foreclose on all the underwater homeowners and sell the properties at auction, preferably to those who used to be responsible renters.

Let the chips fall, get the deadbeat MEWers out and living in their luxury SUVs and boats where they belong.  They can rent to any banksters needing a halfway house after their prison stretch

Jun 10, 2011 5:28 PM

nothing can stop reality from intruding.  People aren't going to buy with all this crap hanging over the market.

Some marginally employed people *could* afford houses at a realistic price point.  It might make all the MEW'd out the ass suburbanites underwater, oh fucking well.  It might make banks go TU, oh well.

If we're going to give people free shit, give everyone a check to clear their mortgage and for those who have none, give them an average check the same as everyone else.

Jun 10, 2011 5:32 PM

the House was fraudulent?  How can a house be fraudulent?

I'm all for prosecuting the banks, but we can't have a system where EVERYBODY in fucking society is a goddamned n#gger!  You want that type of society?

Default and get out of the house.  Let the banks fail and the properties clear.

Otherwise, we just prolong the bullshit and pain and give MORE of the assholes who MEW'd into luxury SUVs and boats an even BIGGER free ride

Jun 10, 2011 5:34 PM

yes, by all means, default and get the fk out of the house and go rent somewhere or something.

Give back to the banks what is theirs...let them sell the effing thing or fail and some vulture capitalist come in and sell it.

LET THE MARKET CLEAR

Jun 10, 2011 5:45 PM

You have exactly jackshit except rocks between your ears, you fuckin deadbeat.

People like you are as detestable as the banks.  Everyone of you is a fucking scammer and a cheat trying to get something from somebody else for free

Jun 10, 2011 5:48 PM

this is all well and good, but you aren't entitled to a FREE FUCKING HOUSE on account of it!

Where did all that money go?

Into luxury cars and vacations for deadbeats, who rode along that ponzi, gleefully beating the whip at every turn of the track to pull out more MEW and get more SUVs.

FUCK THEM.  Fuck the banksters, fuck the MEWers, fuck the squatters...fuck them all.

All a bunch of piece of shit people trying to justify and rationalize their own cupidity and lies.

Jun 10, 2011 5:56 PM

so you're trying your best to become a mini bankster.

Stop complaining about their fraud; your only bitch is that you haven't stolen as much as they have.

Punk

Jun 10, 2011 6:05 PM

stop defending little thieves because there are bigger thieves.

I said upthread that the deadbeats should be evicted and go live in their luxury SUVs.  They can rent their MEW-bought boats to bankers to live inafter the latter get out of prison.

This entire country has been nigrified; ghetto, rotten, lookin for the hustle, morally bankrupt to the core.

The bankers are crooks and those who borrow from them are crooks.

Jun 10, 2011 6:11 PM

I guess you never studied contract law, see "unjust enrichment"

The bank should get the house and the bankers should go to the big house.

Let the effing market clear, sell them all at auction.

Jun 10, 2011 6:13 PM

so what you gonna do when this woman turns out to be as bad an investment as the house?

Jun 10, 2011 6:16 PM

U need to GTFO and move to Arlington where the white people still live.

Jun 10, 2011 8:36 PM

that type of talk (not their actions) leads to HOLOCAUST

Jun 10, 2011 8:50 PM

Ben:  "Killian, Ahl be back"

Killian:  "only in a rerun..."

 

lol

Jun 10, 2011 8:57 AM

what's our expected production rate from Titan?

It doesn't matter where oil comes from.

Jun 11, 2010 10:50 AM

The problem is the steep decline in consumer credit...that was the source of their monetary expansion as the PBOC was sterilizing every dollar inflow.

Now, without that source, China is facing inflection in their ponzi economy.  This is causing deleveraging and some type of flight of capital.

The yuan should be revalued downward, and the PBOC will have to conduct unsterilized monetary interventions if they are to continue to grow money supply.  It won't come from the US.

Jun 11, 2010 10:55 AM

China is and was a ponzi.

40% of GDP at some points was FDI, which means that GDP was being used to recycle for the sole purpose of making more GDP.  Like fractionally lending to yourself.

Most of the recent stuff they've built has been for the sake of building it.  They are printing money into infrastructure, fine by me but there is no consumer for it and the yuan will *drop*, not rise if the peg is lifted.

Jun 11, 2010 12:02 PM

Saw this years ago, back in like 2003.  Unlike economists, I can actually do math.

I was expecting a carry trade unwind and Japanese sovereign default by 2009.  Looks like I may have been off by a couple of years, but I went on record on teh interwebs and called it back then.  The numbers were horrible.

Keynesianism did not even ACKNOWLEDGE the possibility of a liquidity trap.  I was screaming about this 5 or 6 years ago; the fraudulent nature of the doctrine should have been exposed by Japan.  Keynesianism and all this debt-based "growth" runs into a wall when aggregate economicalness goes to 0 ROI

Jun 11, 2010 12:39 PM

Peak phenomenon:  look at the fragmentation of oil producers or gold producers.

See how the pie chart gets more and more smaller slices as the mature easy high ROI deposits deplete.

That's the world economy.  Why else would we give a shit about the developing world?  50 years ago it was all the US and some W Europe.  Then, economic development started to fragment and pie slice.  We're placing our hopes on backwaters now that have no infrastructure or people to support a system enabling it.

Yields are declining because aggregate economicalness is trending toward 0% ROI.  That is why yields are going down.  There is NO DEMAND for money at higher rates simply because there is nothing to DO with that money that will earn a superior yield.

Yields must always FOLLOW aggregate profitability or ROI.  Japan's profitability now is 0% or negative.  In Brazil, there is much more to exploit, so the real zone can support higher yields against higher demand for credit.

But, like the late-stage oil fields and gold fields, the lower quality economies peak sooner and decline faster.  There's a reason BRICs were not first-wave economies. 

Jun 11, 2010 3:09 PM

So ur sayin the banks have actual silver in their half-dollar collections?

Jun 11, 2010 3:11 PM

yeah...who doesn't miss ole shrub now, huh?

It was good seeing a President who KNEW he was flat out in way over his head instead of a pathological bullshitter.

Jun 11, 2010 3:28 PM

B I N G O

PEMEX trying to make up for Cantarell and other declines by acquiring BP's reserves.

After this debacle, no private oil company will touch this deepwater shit.  PEMEX has no ability whatsoever to go get it, only Petrobras does.  Need to marry a brazilian soon and get some land down there I guess.  The State oil companies' power continues to climb and they renegotiate with multinationals at the point of a gun.

Mexico peaked in 2004, bankrupt now...in a state of almost civil war.  Clusterfuck of a country. 

Jun 11, 2010 3:55 PM

I also wanna put out there that there is no point or need for a "full stop."

Just hyperinflate.  Absolve the debt, repudiate, forgive, jubilee.  The Fed is trying to trickle its balance sheet up slowly to maintain the return on its own money and keep its bankers receiving "interest" payments which can be translated to real things for as long as possible.

But, the debtmoney system is DONE.  There's no way to pay it all back and why should we?  Who is ALL of the money ultimately owed to?  Well, sheeit, everyone take out a FRN and see what the name is of the fkin BANK that issues them.  It's the Federal Reserve.  All dollars are owed to them.

Just force majeur the bank and forgive all debts owed it.  We lived from 1945 through 1970 on the back of BW, an asset-backed currency while we inflated domestically.  Then, we lived from the Nixon Gold Window to the present by promising to pay back in whatever you could get for a FRN plus interest.  So, the debt FRN would collapse and all the inflation that is threatening to unwind would be perfected.  So what?

Fiat currency is brilliant in its simplicity.  Print it then tax it, like tally sticks, a stable money system.  And the market will bitchslap discount you if you overissue, simple as that...it will be sniffed out. 

But, what this does is takes the power to coin money away from the banks.  The sole source of ultimate power is the ability to cause money to exist and charge an interest rate for it.  Money you never had in the first place.  All this US Z1 credit out there..$55T or so.  It's owed with interest, all of it, every last dollar, to a bank which essentially owes the Federal Reserve it or is a partner in the Federal Reserve system.

Did the Fed have $55T in its original capitalization?  If your answer to this question is not YES, then you have your lyin eyes telling you that banks have lent what they DID NOT HAVE.

Consequently, there is no consideration, the contract between us and the Fed is void.

We have to go back to tally sticks and Real Bills.  Don't worry, these financed trade and growth for centuries. 

Debt won't cut it.  Yes, the future is one of economic contraction along the decline curve of the oil supply.  But it need NOT be all-stop immediate all-out collapse...over what, ACCOUNTING LEDGERS?

An asteroid was not going to hit the earth in 2008.  The Sun did not threaten to go supernova.  What happened was that the liabilities side of a balance sheet crossed the asset side, essentially.  This is all a fiction created by bankers to get us to WORK and give them REAL things for paper and imaginary things.

NOBODY would have bought this 200 years ago, are we that stupid now?  The entire monetary system is now something that used to get kiting lenders and goldsmiths lynched.

What Douchinger fails to understand or maybe he conceals, is that this needs to be the end for paper pushers like him.  It needs to be the end of the FRN, which all his wealth is denominated in.  The Fed and the debt system need to end.  BB did exactly what I told Douchinger he would do, a monetary/QE hail mary.  They have essentially forgiven $2T of the debt owed them by purchasing it, liquifying.  It won't stop it tho, as that will only tide the FRN system over until the liquidity crunch returns and it WILL return and is returning.  The Fed had hoped that growth would return, but it has not and will not.  This is because the Fed does not control energy supply, Mother Nature does.  And she ALWAYS bats last.  And the catcher is telling her your pitches.

Once the Fed liquifies everything or it defaults, its products won't be worth anything anyhow.  The reason is because 0% is as low as you can go - there is NO organic demand for FRNs anymore.  The only demand is transient, cashflow stuff, to service existing debt, and to repay it.  That is deflation writ large.

Either way the system goes bye bye.  Many people cannot live with this concept that there is another reality outside of FRNs and debtmoney.  This is our 3rd central bank, we'll live.  We'll also live without this "credit system."  There will be credit and means of transaction via money will SPONTANEOUSLY self-organize.  Life goes on.  No reason to commit suicide over a piece of paper saying you "owe" this or that.  I can't get over how people would let an accountant rule them by some numbers on a piece of paper.  Just walk and move on with your life.

Even inter arma, people are born, they fall in love, they have good times and bad...life always goes on.  We need to find meaning within ourselves beyond the love of money.

Jun 11, 2010 4:02 PM

Low interest rates in Japan were caused by the decline in economicalness OF Japan.

It is simply critical that people understand this.  Money or credit is a SUPPLY and demand instrument.

As a lender, my price for credit is the interest rate.  If there is high demand, I charge more.  If there is low demand, I charge less.

There is NO organic demand for Yen at 0%.  Hasn't been since they hit the supply-side wall.  You cannot repay even at 0% if you are facing aggregate contraction.

Interest rate regimes can only modulate during times of growth.  And the member banks controlled the money supply, the FFR did not.  But banks cannot lend at 6% if the economic activities out there only produce 5% RoR.  Banks *must* then drop the price of credit below that.  This is what has occurred.

Credit must ALWAYS be priced slightly below realworld yields.

Jun 11, 2010 7:12 PM

Private sector cable company I work for just sent some of my people packing, the good ones.  Have not seen any evidence yet of cuts for executive bonuses.

Companies are laying off the only people who can do any work, the people critical for actually OPERATING the company, while placing bonuses for the "cost-cutting" measures into their own pockets.  Basically I look around and see guys having to leave because of this and you have to say this person's salary is going DIRECTLY into the bank account of one of the executives.

Jun 11, 2010 7:15 PM

Wait, I am sitting on a PILE of their rubles because Douchinger told me that in deflation (what hit the USSR), cash is king!!!

I expect to go buy the whole country any minute now after all the defaults they had.

Jun 11, 2010 7:20 PM

C'mon now, ZH, enough with this hysterical shit.

With the MASSIVE increase in wages from this monster recovery, people are FLOODING into treasuries.  The people out there have trillions to spare from all the green shoots and good times.

Jun 11, 2010 7:21 PM

Goled bitchez

Jun 11, 2010 7:23 PM

oil bitchez

Jun 11, 2010 7:25 PM

credit bitchez

Jun 11, 2010 7:30 PM

WE ARE BAHIA

Jun 11, 2010 8:50 AM

Did you read what I just wrote, fool?

Better they should give it to FL so that THEY can then go spend it on hookers?

Not a dime of the money is ever going to see the true victims.

Jun 11, 2010 8:53 AM

The evidence is in Richard Jefferson's freezer, asshole

Jun 11, 2010 9:03 AM

wtf u expect...gold was down $15 yesterday

Jun 11, 2010 9:07 AM

Agreed.

The price of oil should be $100/bbl and the price of gasoline $4/gal to account for this increased operational risk.

It would be nice if BP could compensate the INDIVIDUALS who were harmed.  I'm all for that.

I'm NOT for giving a single fucking dime to the "State of Florida" so that they can divide it up amongst themselves and their cronies, leaving nothing for the actual citizens harmed by the spill.

What you're saying is that this oil is too hard to get, too risky to get.  Where do YOU suggest that they explore?  I've got bad news for you; there isn't anywhere else TO explore.  So unless you and everyone else who uses electricity and drives a car is going to man up and start paying a higher percentage of your labor for energy, then really, all the sanctimonious bullshit about BP should stop.

The real problem here is that this type of operation, going to get late-stage, low EROI oil, has massive tail risk.  This was *not* accounted for in the oil or pump price of petroleum.  It needs to be.

Jun 11, 2010 9:12 AM

Goled bitchez?

Jun 11, 2010 9:18 AM

Got bad news...they will kill you.

And if you manage to kill them the first time, they will systematically hunt you down.

Jun 11, 2010 9:21 AM

bye bye carry trade...

So much for those who believed the yuan would revalue *upward* against the dollar.

This is the difference between real economic growth and a ponzi.  Currencies of ponzi economies go down versus reserve.

Jun 11, 2010 9:52 PM

nope.

Supply cannot rise forever.  And what you say is patently false.

Profit is profit.  Rich ore and poor ore, it's all the same, what can you earn NOW from it.

The rich ore went FIRST irrespective of the price.  It was the highest ROI.

ROI is all that matters...for anything.

Jun 11, 2010 9:55 PM

you gotta show that pu$$y

Jun 11, 2010 9:59 PM

Precipitate a downfall in the House of Saud, perhaps?

A new embargo and the end of the petrodollar...the ramifications here are immense.

Jun 11, 2011 8:39 PM

so after we spent a couple decades gnashing our teeth, the white people are going to go back in and create another apartheid functioning economy and then have to hand it all back over to the aborigines for a rinse, repeat of the cycle of destruction?

The natives have failed in their entire history to build out ANYTHING.

Jun 11, 2011 8:46 PM

Rhodesia was lost because of western pressure, as was South Africa.  The natives never rebelled; hell in the US they were slaves until freed by force by other white men.

The people who have been in Africa since the dawn of time will still be living the same way as at the dawn of time but/for the "invaders"

The race pimp clan that has the blood of slavery all over them can pretend to ignore reality but reality is still there

Jun 11, 2011 8:47 PM

they are not doing anything with it.  The native americans didn't recognize value in the land other than someplace to stand.  Same with the Aussie aborigines and the Africans.

They are still walking 3 miles to get water from a well rather than build a fkin pipe to bring it to them. 

Jun 11, 2011 8:55 PM

Africans respond well to colonial rule, however.  Should be no real revolution in terms of Al Qaida...

Jun 12, 2010 10:43 AM

My mandate as a CEO is to maximize my return THIS quarter.

Again, I posted charts, you can find them, of world gold production annually, and where it came from.

It's very clear from the pie charts that the highest quality ores went first, just like the highest quality oil deposits.

The low-hanging fruit is what everyone goes after because it maximizes profit NOW.

If/when I cannot produce my low-quality ore profitably, I shut supply in.  If demand stays level, price goes up, and then my lowgrade reserves become economical.

This is how business works.  NOBODY goes after the high fruit first.

Jun 12, 2010 12:10 AM

Only if I can securitize your note and sell it off

Jun 12, 2011 11:22 AM

GFD man, you're totally right!!!!!1

which is why consumer electronics and SUVs are so freakin unpopular there.  Shit, when I was a kid, I remember the natives bein naked on Natgeo..now they seem to have grown Tshirts and knockoff western luxury brands.

Jun 12, 2011 11:29 AM

dltd

Jun 12, 2011 11:38 AM

you're presenting a false dilemma

Jun 12, 2011 12:01 AM

history suggests that apartheid WRT africans can last indefinitely.  Only external pressures cause it to fall

Jun 12, 2011 12:03 AM

huh?? what genocide?

There are more africans now than there have ever been.

Those ACTUALLY committing genocide in Africa are africans, Congo War and shit like Rwanda and Darfur

Jun 12, 2011 12:08 AM

maybe that's because you have an IQ well above the African average of 70

Jun 12, 2011 12:09 AM

horseshit.

There are diamonds mined all over the world, why does it only lead to civil war in Africa?

There is no civil war over Argyle or in Canada over these rocks.  The war is by Africans against Africans for profits. 

Why is it that the Aussies don't behave this way or the Canadians?  Stop fucking blaming white people for the failures of Africans

Jun 12, 2011 12:14 AM

Are you such a moron as to believe that my statement and your strawman paraphrase are somehow equivalent?

I said they were freed by force, and that is correct.  The war was not over slavery but freed slaves were a direct consequence of it.  Perhaps you might think about shutting the fuck up; you're in way over your head

Jun 12, 2011 12:15 AM

and the irony is that all those primitives thought they were getting a STEAL as who the hell would trade something valuable like beads and firewater for something whose only function was to serve as a place to stand on?

Jun 12, 2011 12:16 AM

sure...but what is the difference?

You think africans aren't expansionist?  When presented with adequate food, they breed like locusts

Jun 12, 2011 12:23 AM

Shocking, bitchez

Jun 13, 2010 11:41 AM

EQ is a joke

You guys' beef with IQ is that it doesn't correlate at 1.0 to rich.  That's not what it's supposed to do.

Jun 13, 2010 12:36 PM

It's fuckin SOCCER...who cares?  Wake me up when someone scores a freaking GOAL in this joke

Jun 13, 2010 2:58 PM

A billion people a day CANNOT READ.

Argumentum ad populum?

It is you who are the joke.  Fuck soccer.  Just because all of YOU like it does not mean that there is anything wrong with us because we correctly identify it as a pathetic sport full of crybabies where there is no scoring whatsoever and mindnumbling boring action of effeminate men running around on a field occasionally kicking a ball.

Like I CARE what the 3rd world thinks or likes. 

Jun 13, 2010 7:49 PM

Spread, bitchez

Jun 13, 2010 7:52 PM

All Street execs waive any ethics as a precondition of employment.

Jun 13, 2010 8:02 PM

Ah, the HOLY TRINITY of police, firefighters, and teachers.

Not a fucking mention that we have TOO MANY COPS, TOO MANY FIREMEN, and TOO MANY people in "education"!  We're wasting our fucking money.

The cops are out playing with military weapons and writing fucking speeding tickets for fuck's sake!  The firemen?  They are riding around answering fender benders like it's a 5-alarm fire.  The schools?  Packed CHOCK FULL of administrators who are "necessary" but do not actually educate!  They're there to be the gay kids' counselor or teach about black history or something.

CUT THEM ALL.  End the freaking drug war.  End the schools' war on boys, war on western society, all the fluff and bullshit.  End the gold-plated firemen in CA making 200k a year.

Borrowing to pay PUBLIC SECTOR wages is the most ABSURD thing ever conceived; NONE of these are productive investments, they create NOTHING.

This is how fucking perverse things have become that we actually BELIEVE now that a JOB paid for by debt has some kind of "magnifying" effect simply because all the extra transactions appear to create GDP.

GDP is a freaking JOKE as a metric of actual productive activity.

Jun 13, 2011 12:23 AM

it's clear the only way this can work is with leverage.  The problem is that this sort of insane leverage is highly rate-sensitive.  ONE little fart from an ant and the whole thing blows completely the fuck up in a hypernova

Jun 13, 2011 12:29 AM

ARs suck shit compared to modern carbines like HK is making

Jun 13, 2011 12:29 AM

yes.  The future of asymmetric warfare is to ignore the grunts and just damage the equipment. 

Jun 13, 2011 6:46 PM

ROTFL...it's only "manipulation" when it's going down.  You dumbass

Jun 13, 2011 6:50 PM

so, IOW, they are indistinguishable from you.

Your shameless pumping cost gullible rubes thousands, man.  How can you live with yourself?

Jun 13, 2011 6:51 PM

eff that...just go to golddealer.com

There is no disconnect between paper and physical, despite mosely-claven's losing 1/2 of his entire life's savings in the silver bubble

Jun 13, 2011 6:51 PM

no, they aren't.  Physical premiums are not markedly different than before the bubbly runup that you conned everybody to buy into "with both hands."

49 by the end of last month and 60 by next week?

Jun 13, 2011 8:55 AM

Bernanke's "fellow citizens"??  On which passport?

Jun 14, 2010 10:37 PM

yes, this just illustrates the energy density of hydrocarbons that me and others have been talking about.

Wind power, however, is not a scam.  There are areas in the US which are consistently windy; the issue is transmission of that power.  Our grid sucks

Jun 14, 2010 10:44 AM

Bernanke is an idiot.

He thinks that the rate spread between bonds HE'S BUYING is indicative of anything?!?!

Let the freakin USTs float, you dumbass, then we'll see what REAL expectations are.  The moron forgot that HE IS the bid.

Jun 14, 2010 10:50 PM

Japan didn't.

I heard all this shit 30 years ago.  They even made movies about it.  Many movies.

Most of you guys must be too young to remember when Japan was going to take over the world.  And, know what, they never had 7/10 most polluted cities in the world, smoking rivers, lead-filled toys, paint, poisonous drywall, toys, dogfood, toothpaste.

Sorry, man, China is a mess *right now* and the west's debt bubble is what props it up, not the other way around.

Jun 14, 2010 10:51 PM

The US worker can't compete?

Neither can the Chinaman!

We have ROBOTS that are cheaper than either.

Jun 14, 2010 10:53 PM

CB, why are you constantly in here with the doomsayin, bro?  They got insurance, chief!  Don't ABK and MBIA got this isht?  Or Buffett?  The Fed is on top of this, nigga

Jun 14, 2010 10:56 PM

you need to study my other bitchez posts lol

Jun 14, 2010 10:58 PM

Squawk FX bitchez

Jun 14, 2010 11:05 PM

Do you have a problem with people taking note of the monoethnicity of the financial elite?

Or are you just willfully stupid? 

Jun 14, 2010 11:12 AM

For the Love of Money is the Root of All Evil.

Embrace this concept, it will set you free.

A balance sheet is an abstraction; it does not rule your life.  The part of the article most salient is the one where it says we have fashioned our own identities around materialism.  Once those are lost, we don't know who we are.

Why so much sadness and fear?  Identity crisis of some kind?  So much worry by so many over money and things on accounting ledgers.  Life goes on.  Stop fretting so much.

Jun 14, 2010 11:17 AM

Yeah, 911 was a watershed moment.

But its natural effect on people was nearly immediately repealed.  ALL was focused around war, spending, debt, bubbles.  What did the Fed do?  Cut rates to zilch.  The debt ponzi HAD to grow and little things like a temporary awakening of real values, community, and a minor rebuke of materialism in the face of something so visceral had to be squelched.

There are many polarized 911 apologists as much as there are 911 jingoists, but one thing stands unrefuted:  there is either or both something very wrong with US and/or something very wrong with THEM that people would choose to fly airliners into buildings.

Jun 14, 2010 11:42 AM

+1 for the dry delivery.  Bc nobody is actually stupid enough to believe what you just wrote.

Jun 14, 2010 11:43 AM

Japan is bankrupt and China walked the exact same road as Japan did.

Jun 14, 2010 11:44 AM

92L, bitchez

Jun 14, 2010 12:43 AM

Not surprising, actually.  A big mineral deposit.

But total lack of infrastructure.

Remember folks, dollars are free for us; we can conjure them.  Real shit, not so much.

If these deposits are real, then we just HAPPEN to be sitting atop the world's largest untapped oil reserves as WELL as its largest untapped mineral reserves.  What a fucking stroke of luck!

Jun 14, 2010 4:38 PM

Dumping, bitchez

Jun 14, 2010 7:13 PM

Summary, bitchez

Jun 14, 2010 8:53 AM

Frontrunning, bitchez

Jun 14, 2010 8:59 AM

Highlights, bitchez

Jun 14, 2010 9:01 AM

Lookin like the whole TALF thing.

Jun 14, 2011 3:31 PM

I don't know who this idiot is in this article who thinks that people aren't buying houses because they are worried about fking future interest rates rising!??!

People aren't buying houses because they are POOR credit risks due to lack of savings and income.  There are plenty of NINJAs willing to robobuy as many houses as necessary, but they can't be lent to at ANY rate.

We LONG ago passed through all of the ablebodied homebuyers.  There are too many houses and too few buyers.  The market must clear to find a real level of demand.  Gov't has been pumping the housing market for well over a decade.  That distortion will take a LONG time to burn through.

For someone who has savings and income, looking at locking up 30 yrs of interest payments for an "asset" that has shown to be a crapshoot is not a good decision.  The market will find a price level where houses sell; we are far too high for that and rates mean jackshit when the income can't pay any coupon

Jun 14, 2011 3:36 PM

cutting taxes lol...will that print us up more oil?

Jun 14, 2011 6:06 PM

yen POG seems to suggest these people ain't that bright

Jun 14, 2011 6:11 PM

You saw the Rodney riots but you weren't watching them, were you?

Otherwise you'd have seen who is always rioting

Jun 14, 2011 8:55 AM

the only people who chastized you were idiot pumpers who were trying to create bagholders...ignore them

Jun 15, 2010 11:32 AM

Really?  It's 1946 again?  We're again sitting atop the greatest oil reserves that the world has ever known, with 90% of them undepleted? 

Oh no wait, we're not...it's 2010.

Besides, the compound interest function will destroy the money supply before any growth *could* bail us out even assuming we were not energy-supply constrained now, which we are.

Jun 15, 2010 11:40 AM

nobody is really BUYING anything.  It's a shell game.

There isn't enough capital out there to support these purchases of debt at these rates.  Simply impossible.

Every other nation now is seeing bond auction failures...even Germany.  The system of debt compounding is trying to collapse.

Jun 15, 2010 11:44 AM

I agree.  I have been saying this for months here.  Real Bills Doctrine is coming back.

Debt as a fundamental premise is being discounted now to reflect a future of contraction.  Life is entering backwardation where promises to deliver in the future are worth less than real things now.  In the aggregate, real production will not grow to meet the coupon plus principal.  Therefore, you cannot lend.

Jun 15, 2010 11:45 AM

Faber and Rogers? LOL.  I could point you to where I predicted World War in 10-15 years, about 7 years ago.  I also forecast that this thing comes undone when the Fed loses control of the POG

Jun 15, 2010 11:51 AM

So what, they sold a Krugerrand?

Jun 15, 2010 2:07 PM

200, bitchez

Jun 15, 2010 2:07 PM

They can't stop it once everyone in the Gulf starts twittering it and youtubing cellphone vids.

The truth WILL out and when it does, the backlash will be a bitch.  And directed straight at Bama.

Jun 15, 2010 2:09 PM

Wrong on both counts.

USSR oil supply peaked in 1989.  They could therefore, no longer maintain growth.

Jun 15, 2010 2:10 PM

Reuters:  "Lawmakers to oil execs:  Your disaster plans are worthless."

Oh REALLY, you fuckin lawmakers???  WTF are YOURS THEN.

If the Congress ACTUALLY believes that they are going to score points off this, they're sorely mistaken.  Ppl aren't falling for the faux outrage after TARP

Jun 15, 2010 8:09 AM

Didn't LTCM purport that they were hedged to 9 sigmas or some such craziness?

Then Russia defaulted.  I mean if that isn't a 10th sigma event, what is?  Because countries NEVER default, right?  It's absolutely of almost negligible statistical probability that a country would default.

The tails are significantly larger than any of these idiots want to admit.  Certainly, backtesting to the start of the 82 rally suggested that there WERE no datapoints, but rearward bias is NOT predictive statistics!

Jun 15, 2010 9:11 AM

Fix, bitchez

Jun 15, 2010 9:18 AM

I'm still seein north of $50 above spot and usually a $35 B/A spread...gone down from where?  They used to be 15 or 20 bucks

Jun 15, 2011 1:48 PM

cash is now available, ad infinitum, by the CBs, especially the FRBNY

Jun 15, 2011 11:22 PM

yeah; screw all these oligarchs

Jun 15, 2011 11:28 AM

tits or no tits, what you say is flat out bullshit.
oil production will achieve a maximum rate and then it will decline. This is inevitable.

Jun 15, 2011 11:34 AM

brazil is a net exporter since 2011.

Their posture as an importer was due to refinery capacity and the nature of their own heavy reserves.

Sugarcane ethanol is an unqualified success, but has anyone seen that translate into a DECREASE in consumption?  Nope.  It's just fueled more rapid growth.

We are like yeast with sugar.

Jun 15, 2011 11:37 AM

Brent/WTI spread now at around $20/bbl...

People see that WTI and think oh yeah, oil falling.  Lemme guess, Bama is cracking open the SPR to improve his reelection bid

Jun 15, 2011 11:57 AM

oh but fuckin OIL is not subsidized, eh?  Not by a fuckin trillion dollar "defense" budget, huh?  Not by zillions in tax breaks and direct payments?

WTF do you think the real cost is, dude?

sugarcane ethanol is an unqualified success and it COMPETES with heavily subsidized oil.

Jun 15, 2011 11:58 AM

bbbbut...I thought the earth was filled with creamy nougat and crude oil?

Jun 15, 2011 12:04 PM

well there is some truth to that nuclear weapons drove reactor technology initially.  And that created the product pipeline for fissionable materials.

It's also true that the navy drove the entire industry toward lightwater reactors.

I'm sure it wouldn't hurt to spend one MONTH'S worth of this gargantuan war budget on R&D, eh?

but no, let's cancel the space program to support set-aside contracts and welfare bennies (including stupid wars in oil-rich nations)

Jun 15, 2011 12:13 PM

soon as the nutrient stocks peak, yes, it's a dead end rapidly.

We use oil to make food

Jun 15, 2011 12:18 PM

are you fucking stupid?

You're typing on a computer from those schools, you moron

Jun 15, 2011 12:21 PM

was a minor quibble...Brazil is a great country, love it to death, but it's a case study in Jevon's paradox.

and YES they have dams and nuke plants even.  Their cars don't run on that shit

Jun 15, 2011 12:30 PM

marketwide selloff, dollar goin apeshit.  POG solidly up in most currencies

Jun 15, 2011 9:26 AM

strong dollar LOL...weaker others.

POG strong in all currencies, as it has been. 

Jun 15, 2011 9:53 AM

glad to see that you've finally honestly confirmed that you are nothing but a fucking speculator

Jun 15, 2011 9:55 AM

Gold, bitchez

Jun 15, 2011 9:58 AM

short the Greek 30 and long the 2?  Pair trade, bitchez?

One of 2 things is gonna happen...they default on everything or else they restructure

Jun 16, 2010 11:46 PM

You can't go BANKRUPT owning gold...it is an ASSET, STUPID, not a fucking LIABILITY.  WTF is Douchinger's problem?  Oh right, he's a leverage casino gambler.

So HE could go BK SPECULATING on the PAPER price of gold using leverage.  Anyone who REALLY buys gold CANNOT go bankrupt even if the price drops to 0.

Jun 16, 2010 11:51 PM

You too?  I got banned half a dozen times.  Shit I ghostwrote on gold members' accounts ended up in his tickers.  Dude had never heard of Cantarell before I said it, next thing you know its decline rates as cited by me were showing up in tickers.  No attribution.

The people whose accounts I used were always very afraid that he'd ban them; it was known that you simply DID NOT argue with him or else he'd cut your account off or prohibit your posting.

The worst part is the last time I was there, he didn't even participate in a monetary discussion.  His acolytes did, and referred to the "host" having a deflationist mentality and did I really want to be disagreeing with the host.  In fact his kissasses over there are trying to HELP people get banned so that they can get more nut time.  No idea...it's a strange forum that has really gone past its shelf life and utility.

MOST posts over there with substance reference - you guessed it - ZH.  I knew Douchinger had lost it when he threatened to put TOD on the list of sites that linking to would get you banned.

Jun 16, 2011 11:25 AM

that's the first derivative

the downside should be huge when the CBs make cash as available as the digits in a computer that they are

Jun 16, 2011 12:36 PM

yes, white people should know better than to act like this

Jun 16, 2011 12:45 PM

I never said it wouldn't be positive.  You want to trade the first derivative, which is going up.  The 2nd derivative can go down if the rate of change of the rate of change decreases, meaning the increase in price itself increases less.

BTW, your "derivatives" are just flat wrong...derivatives are a curve slope, not a scalar

Jun 16, 2011 2:28 PM

we're fucked.

The peak oil denier morons spent the past 3 years saying NUKEYALER will save us, no need to worry.

now they talk about stupid shit like algae.

I wonder where the fuck Germany believes they're going to get that 28% deficit from....are they effing STUPID?

Jun 16, 2011 2:47 PM

I made reference to this a few weeks ago.

Imagine life in 1850, the dawn of the hydrocarbon age.

Anyone who's ridden a horse knows that they walk.  You cannot gallop them at full thoroughbred speed for very long.  They are a substitute for walking on your own feet.  And that was the state of transportation technology since their domestication.

Now imagine the coal era...the era of machines.  Suddenly you could take a train at 50mph or faster.  The speed must have been mindblowing.  10x faster than a horse's average speed.

Now you fastforward to the oil age...you have powered flight...10x faster than a train.  We can go halfway around the globe in less than a day, faster if we used the Concorde.  We went to other planetary bodies in person too. 

Take that shit all away, along with our industrial agro.  The world we inhabit is incomprehensible to those even 150 years ago.  The frickin plane was only INVENTED in the first decade of the 1900s, and these things are now used everyday.  The car is less than 150 years old. 

Abundant, cheap electricity...LOL...from WHAT?

Nukeyaler was supposed to be our savior, so said the anti peak oil clowns.  Now where the fuck are they?  Algae?  Ionic liquids?  ROTFLMMFAO

Jun 16, 2011 2:52 PM

this is potentially the fucking stupidest thing I have ever heard

Jun 16, 2011 3:32 PM

find me a realistic power source that isn't.

That's the problem with these dipshits; they refuse to ACCEPT reality.

There is no easy way out of this.

Jun 16, 2011 3:34 PM

Brazil is also building plants.  And they have more rivers than any nation on the planet.

Jun 16, 2011 3:35 PM

could have been from paranoid parents stressing the kids out so much with their chicken little shit that they offed themselves.

Jun 16, 2011 3:38 PM

ok, so supposing after the US hit the oil peak in 1970, which turned out to be nearly cataclysmic for our economy and we decided to start remediating against eventual global peak, WTF TECHNOLOGY were we going to use?

The only thing even on the MAP for the past 30 years has been nuclear.

Jun 16, 2011 3:44 PM

do yourself a favor and don't look at the production decline rates of gas fields

Jun 16, 2011 3:47 PM

who did when the soviet union collapsed?  Same white people who were there the day before, sheesh

Jun 16, 2011 3:54 PM

so you think that because the number of people can't be fixed down to the person that this means that nobody could know how many people were alive back then?  So it could have been 5.4B or something?

Sure they can, dude.  Just because you can't figure it out doesn't mean that others cannot either.

It wasn't even 1 billion.  Look at the population graph of world population over history...see what happens when oil is discovered. 

Jun 16, 2011 4:08 PM

nah; he's just a believer in a fishbowl.

He's spent his life studying things that aren't true.  The pseudoscience of economics is only relevant during an aggregate growth phase.  We're not in one anymore.

As far as Japan...wtf?  They're a net exporter so they are supposed to what, go MORE mercantilist?  Yeah, that will work out real well.

EVERYONE cannot devalue at the same time; there is no net effect.  Other than fucked up paperholders

Jun 16, 2011 4:20 PM

the alternative is a complete monetary collapse and there won't be food anywhere.

Some around here seem to want that outcome because they actually believe themselves to be self-sustenant.  They are wrong.

Jun 17, 2010 12:11 AM

Douchinger also expounds on the "confiscation" meme repeatedly which is something I had been meaning to talk about for some time now, and so here goes.

Confiscation in 1933 and the de facto confiscation in 1973 with the end of Bretton Woods, did not serve to "fuck" gold bugs or little people.  They were to protect the FEDERAL RESERVE from a bank run.

If people recall back to the 1930s, there were bank runs all over the place.  The Federal Reserve Note came into legal existence in 1913. And, if one recalls, ALL notes at that time were *backed* by silver or gold.

Fearing a bank run on the "dollar," FDR simply confiscated the gold and in actuality forced its delivery to the Fed in exchange for FRNs.  Simple as that.  The fear was a run on the Fed's holdings, the exposure of a massive fractional lending operation, and the consequent collapse of the dollar.  It was to protect the FED, not to screw people.

The 1933 seizure really WAS just that simple...it was no different from what got usury clan goldsmiths lynched throughout the middle ages for doing the same thing, lending what they did not have, circulating unbacked notes purporting to be backed.

When Nixon closed the BW gold window, it was the same thing, effective seizure of gold, the notes went from backed to unbacked, bye bye gold you thought you were entitled to.  Again, the reserves had to be protected from a run - the period leading up to that closure are very clear in a historical sense as far as what was going on in the Gold Pool, what France was up to, etc. 

The Fed very much IS the dollar now, it's a FRN.  But at this point there's little than can be run on...wtf does the Fed promise in redemption for its notes?  NOTHING.

Another seizure event at this point or an attempt thereon, would simply show that the jig is up, because it would a desperate measure to try to move the FRN to some pseudo-backed status, essentially announcing to the world that it was at or near a point of collapse as a true fiat instrument.  I would expect dollar collapse rather than orderly turning in of private gold.  Kleptocratic governments full of corrupt bureaucrats cannot expect orderly and patriotic citizens to do what they're told.  This ISN'T 1933 anymore, it's not even 1973.  And the hands the gold is in...let's look at that as well.  Is it your average sheeple that is out there sitting on krugerrands or is it more the Don't Tread on Me type?

If they come for something, it will be pensions and 401ks, not gold.  Nations only try to back currencies when they have to and are on their last legs...to try to give value to the valueless.

Jun 17, 2010 12:18 AM

I agree.  But you recognize that there is a paradox inherent?  Both the Fed and the USG *need* inflation.  Without it, both collapse.  To maintain the dollar's hardness will destroy the entities that promulgate the dollar.  These two outcomes are orthologous.

The dollar/oil peg will have to be broken, because the decline in oil supply *forces* deflation fatal to the credit base.   Even if everyone wanted to, there is no way to borrow more dollars to create more oil.

Jun 17, 2010 4:47 PM

Those Roman families who survived the taxation were the very strong hands and the political class.  Only those who were in league with the taxman and government saw their estates grow as people sold themselves into serfdom to avoid the property and production taxes that they could not meet.

Also, confiscated property ended up where it ALWAYS ended up, again, in the hands of the political class.

Douchinger and others are fond of pointing out 1933...where'd that gold go?  TO THE FED.  Who owns the Fed, the banksters!  If the gov confiscates money down the road or anything else, look at the wealth charts of the top 1% versus everybody else.  There's a direct connection between your pockets and their bank accounts.

Jun 17, 2010 4:57 PM

It will eventually be repudiated.

Real Bills will become the manner in which real commodities are traded.  At some point, for whatever reason, Ayrabs will start demanding something other than dollars.

As things stand, the SOLE thing maintaining the oil/dollar peg is the House of Saud.  If that falls, it is over in a hyperinflationary supernova.  Think about that for a second:  our entire petrodollar rests on the existence of a bunch of degenerate royals in the ME desert.  That is its achilles heel

Jun 17, 2010 5:01 PM

HUH?

GFD man, is u stupid?  Brokerage statement?  Who owns gold in a brokerage?

Money is whatever people agree it is, anyhow.

Gold is a real commodity, no more no less.  If I were to hold it it would be because I assessed the probability that someone would give me something for it to be high.  And because other commodities are harder to store (oil)

Jun 17, 2010 5:10 PM

Tactical, bitchez

Jun 17, 2011 1:12 PM

your not to brite, eh?

there's a direct causal effect between women voting and government expenditures.  Your moronic strawman of "silly illogical," well...seems to sum up YOU

Jun 17, 2011 1:14 PM

this is categorically stupid and incorrect

Jun 17, 2011 1:16 PM

the crux of the matter, right here ^^^^^^^^^^^^^^^

Jun 17, 2011 10:21 AM

noothing pohlishes a doymuhnd like the blood of a bleck mehn

Jun 17, 2011 3:36 PM

the diaspora in the years before the Fed act and following WW2 has made it such already, hasn't it?

Jun 17, 2011 3:45 PM

wat?

if you REALLY believe that I misspelt 3 words in a row, then you're the dumbest fuck on this board, man.

Jun 17, 2011 3:46 PM

YOUR A RAYCISS

Why did you care then?  Why would you care now?

They are using mind control on you.

Hell, look at how dipshit white kids in college support affirmative action against academic merit but say that there shouldn't be any to help balance the diversity of a school basketball team.  Totally mindfucked.

If you are white and you give a shit about racism or the label built to control you, then you're a fool.  Because NOBODY ELSE DOES.

Jun 17, 2011 3:46 PM

the woman that had you should have been.

Sterilization isn't the answer to everything, you dipshit.

Jun 17, 2011 3:49 PM

no; he's correct.

Gold isn't remotely close to the best money, which is why paper notes have outcompeted it as money at every turn.  Plastic cards are outcompeting paper notes.

but, still, bitchez loves teh goleds

Jun 17, 2011 3:51 PM

yes, I do...and YOU are categorically stupid as well.

Let's have teh interwebz help us out here:

Definition of CATEGORICAL. 1: absolute, unqualified <a categorical denial>

Jun 18, 2010 10:10 AM

Are ANY Americans real?

They want more electricity but hate power plants.  They want paper but don't like logging.  They want oil but hate oil companies and feel entitled to gas at $1/gal so that they can BRAG about how much they consume.  From top to bottom, the leaders are merely giving "us" what we ask for.  We cannot HANDLE the truth, after decades of self-deception and echo chamberism.

People were gotcha'd saying they supported Obamma when the interviewer told him that Ruxpin's positions were the same as Muhcane's.  They said they agreed with every single thing they attributed to the guy even though his positions were really the OPPOSITE.  We have cults of personality, a two-party oligopoly.

At this point, nearly everyone here has probably been accused of being a gloom & doomer.  This Mar 09 rally was the worst possible thing that could have happened because it gave the sheeple "hope" again.

Jun 18, 2010 8:47 PM

Sunk, bitchez

Jun 18, 2010 8:56 PM

I've been "fortunate" to work with some H1s here in the US; you *really* have to ride them and exercise a strong pimp hand to keep them on task, doing things right, and completing projects.

All this crap I hear about how "smart" indians are...well, it's just BS.  Management, OTOH, loves them because they're cheap, but what executive cares these days if they fuck the company over long-term because of poor projects and shoddy work?  Just get that cost control bonus in.

Jun 18, 2011 11:06 PM

what a walking reductio ad absurdum you are.

He never said any of those things in that post, you fuckin dipshit

Jun 18, 2011 11:17 PM

and the guy is right!!  there is NO REAL LAW in this arena.

The fucking departments MAKE UP POLICY.

For example, the county I live in has its OWN guidelines from CPS as far as how old a child has to be to be home alone and for how long.  There IS NO LAW.  They just promulgate their own opinions on it and if you run afoul of these, they can peremptorily take your kids from you.  You cross a street and you are in another county with its own set of rules on this. 

And some judge acting on no legislative authority can bless this bullshit.  The entire institution of divorce and family law is garbage.  Anyone who's been through a divorce has had their lawyer tell them it comes down to whatever the judge feels like today.

ONLY laws expressing a presumption of shared custody spare children from being awarded as a stack of chips to the mom who always has the superior hand.  A divorce lawyer cannot even show you any freaking PRECEDENT, which is the bedrock of everything every lawyer in the country studies in law school in terms of establishing what the effective law IS.  There's no precedent, no rules.  A judge can decide on that day for any reason whatsoever to take every fucking dollar you have and eliminate you from your children's lives and there is nothing whatsoever you can do about it.

Jun 18, 2011 11:19 PM

ROTFL...you blame the man as a reflex?

She was fucking crazy...she at one point accused me of being the fucking DC Sniper.  Guess who has custody now?

Jun 18, 2011 11:24 PM

ROTFL...the glibness with which you guys just talk shit on this topic.  You have no fucking clue.

You have no concept of the reality of this "family law" industry.  I thank god every day I live in a shared custody state, something men's advocates had to fight for tooth and nail with "feminists" and their shit punk ass bitch dickless man enablers opposing at every inch of the way because it means less LEVERAGE for them in a court.

The kids to women are a possession.  Note how many of them kill all their kids because the mom cannot separate her own depression and bleak outlook from the kids' reality.

Many states enable this and there are punk ass bitch dickless men like toptroll who are right there to help them do it.  The libtard states give women sole custody 95% of the time. 

Jun 18, 2011 11:33 PM

Trudat, because that's all typical bitches like you offer anymore.

Jun 18, 2011 11:38 PM

this is exactly what they do.

All along in my situation, the enablers just kept enabling.  They all knew what I did, and had more firsthand knowledge, yet NOBODY stepped up to do the right thing at any point.

Women believe they are entitled to all your shit and that they will get your paycheck and you will be a slave; that is what they WANT.  Revenge.

As far as the accusations, this is exactly how it works.  Accusations of child sexual and physical abuse are so commonplace now that they are referred to as "obligatory" by anyone with any knowledge or role in this industry

Jun 18, 2011 3:07 PM

A predeliction toward hysteria maybe?

It also clearly says on margin.

It does not in any way pertain to coin dealers

Jun 18, 2011 3:45 PM

and?

You shouldn't have your life destroyed for one fucking mistake.

Don't watch old movies; people used to get slapped in them.  Hell in 12 angry men, the dude told the guy who was mouthing off to the old man, "you talk like that to him again, I am going to lay you out."

Now look at what type of society we have...no civility whatsoever.

Jun 18, 2011 3:45 PM

slapping is not abuse.

Jun 18, 2011 3:48 PM

I have been caught up in this same industry.  However, I am an attorney and I knew how to play the game and I ultimately won.

I have friends who didn't know how to play and ended up repeatedly in jail.  There are certain things you have to know to say and things you cannot say.  Certain things you can do and certain things you must not do.

Women will try to utterly fuck you up in every which way imaginable these days and the law facilitates it.  The society in its aggregate is in complete terminal decline

Jun 18, 2011 8:25 PM

"child support" is a joke...

It doesn't fulfill the obligations of a parent.  A parent is not a check

Jun 18, 2011 8:30 PM

are you some kind of a douche?  Paying the EX a check is NOT "supporting the children" and it isn't being a parent.

Your pathetic trolling argument is repugnant

Jun 18, 2011 8:34 PM

You are a fucking idiot if you believe ANY of this shit.

WTF is wrong with people like you?  You make the kids into a chip for women to win to get back at their ex.

Your data is wrong, your premises are wrong, everything about you is wrong.

Jun 18, 2011 8:34 PM

god willing you'd be caught up.  Motherfucking enablers like you need to drop dead

Jun 18, 2011 8:36 PM

men don't have kids alone, you fuckin idiot.

Child support guidelines are bullshit.

Jun 18, 2011 8:37 PM

You are a complete piece of shit.  Your biases are insane

Jun 18, 2011 8:41 PM

I know of nobody whose story diverges from this.   The system is utterly fucked.

No fault, just pay pay pay.  You are a fucking ATM for a bitch by virtue of being dumb enough to marry her and have kids.

Does the court care if she spends the money on the kids?  I was paying $6000 a month to a cunt who didn't even equip her apartment with furniture; did the court exercise OVERSIGHT at all on whether the money was supporting my kids or her drug habit?  NO.

Pieces of shit like topcaller are leeches at every level of this system, all enablers, all just "following the rules" and making shit up.

Jun 18, 2011 8:42 PM

where the fuck are piece of shit enablers like you on my case?

My ex wife owes me $12,000 in back support and has paid once in the last motherfucking 2 years.

FUCK YOU.

Women should not "get the kids" and sign the man up as a fuckin wage slave on account of shitheads like you. 

Just drop the fuck dead already, asshole.

Jun 18, 2011 8:50 PM

Fuck you and your system.

You are a liar and an enabler of this shit- it's YOUR industry.

Funny how now you say don't tar everything with the same brush when you did that very thing above.  "The man" should pay support, the "man" is an abuser.

Your entire train of thought is mindfucked beyond recognition.  Hypocrite.

Jun 19, 2010 10:23 PM

It's worse than was described in the original article.

*Executives* of corporations use them as if the corporation is their own private Disneyland.  The true OWNERS of corporations are the pension funds and mooch funds, yet executives have packed all the boards with their cronies; it's all one big gigantic interlocking directorate.  Consequently, profits go to executives, not owners.  Companies don't pay dividends.  They pay bonuses.  They buy shares to support EPS to make bigger bonuses.  In the case of CSCO, it was shown that executives of that company paid an entire DECADE'S worth of profits to themselves.

And there's no accountability.  The executive payscale keeps rising, because they have board members whose packages they will backscratch because executives ALL sit on each other's boards.

We need a forest fire in America, a true burn it all down situation to purge this deadwood.  Outsourcing has destroyed the middle class, and the profits of that went into the pockets of executives.  It wasn't even as if you could buy stock in the company and get a dividend off the destruction of your own career, because the "cost savings" went STRAIGHT into the pockets of execs.

We had a couple of guys laid off at my last project and I told them straight out, your paycheck is going into the bank account of one of the execs in this company as a bonus for "cutting costs."

these people do not give a SHIT about the company or its owners; they see EVERYthing in their lives as having one function - to aggrandize them.  All revolves around their getting what they want, pay ME, fuck everybody else.  They will run the company into the GROUND and bonus themselves all the way into the abyss.  And they know a nice golden parachute awaits in the form of a pickup from one of their board member cronies who are execs in a company and if company A goes down, company A's execs are on company B's board like B's execs are on A's board and they will all scratch each other's backs.

Corporations AREN'T corporations; they are groups of executives.  Ownership has no say.  It's like the manager of the Yankees paying himself the entire profit of the ball club and he takes home the trophy too.  Nobody who owns a business would allow their management to act as if mgmt OWNED that shit.

Fire them ALL, top to bottom.  Hire our own board members, our own politicians.  Get rid of everybody currently serving, let God sort them out.

Jun 19, 2011 1:19 PM

also lookin for a H&S formation on that weekly chart...expecting a bit of a rally here on something. 

Jun 19, 2011 11:00 AM

the local police are the worst thugs.  State police tend to be the ones with some honor as they are the more attractive candidates coming out of the military.

Jun 19, 2011 11:04 AM

in order to win such a war of attrition you have to create a lot of materiel losses for the superior force.  For a revolution, this road goes through the resultant raise of taxes and fees in order to buy new stuff.  Only once the forfeiture, seizure, theft, tax, fee structure is so onerous that people start going greek on it, will the system collapse.

Jun 19, 2011 11:25 AM

Europeans are true cunts...with penis envy.

Jun 19, 2011 11:45 AM

you women are mindfucked; you are synthetic persons.  You are empty.  You don't have honest or real love for anyone or anything.

Women routinely kill their children, more frequently than men by far.  Women are the ultimate narcissists. 

Men routinely die for others, including their kids.  Males are what drive evolution, not women.  Literally everything you say is ass backwards because you don't have a soul or any concept of honor, higher purpose, anything other than your own cupidity.  Men are the ones who rush into burning buildings, who charge INTO the fight.  Heroism is a male-dominated pursuit.

"it was felt to be because women love their children."  ROTFL.  Women love to sit around and tell each other how great they are.

Look around you, woman- everything you see, everything you have, everything you are was made by men.  Not you.

Jun 19, 2011 11:52 AM

I wouldn't date a mudshark skank

Jun 2, 2010 10:00 AM

That ain't gonna happen if we close off the exploration of the ONLY area on the planet that has produced fields in the 500kbpd production range in the past 10 years.

The side effect of this is that energy prices will cost more.  Deepwater was a great idea until something went very wrong with it.

On the flipside, PBR is still going ahead with Tupi and Carioca (to the extent possible).

This is the only place that undeveloped oil fields EXIST anymore.

Jun 2, 2010 11:24 AM

Silver bitchez

Jun 2, 2010 11:42 AM

didn't Tribeys get lynched back in the middle ages when they were found to NOT have the metals backing their certificates?

Jun 2, 2010 11:44 AM

That is because our system is growth-dependent.  See my comment below regarding gold and oil.

There is nothing wrong with a fiat paper system or any arbitrary economic system.

However, OUR system is one of debt-based money REQUIRING production growth in everything...always...forever.  Or IT collapses.

There will still be credit in the absence of *aggregate* growth, but credit will be limited to discounting REAL bills, and to specific circumstances.  You won't be able to base an entire nation's monetary regime upon it.

Jun 2, 2010 11:50 AM

http://www.goldsheetlinks.com/production.htm

Note the peak in gold production in 2000.

Silver's production appears to have not yet peaked.  Consequently, you will see the Ag/Au ratio maintain its skew to historical trends.

Another thing which illustrates the peak phenomenon are the pie charts on Au production on that link.  Note how during the time of abundant supply, the MAJOR producers such as RSA were the lion's share of production.  These were the lowest-cost, easiest, cheapest deposits.

The same is true WRT oil.  RSA was the Saudi Arabia of Gold (although the USA really was the KSA of oil before KSA was, similarly the USSR).  The lowest-hanging gold fruit was there and production was ample.

But as RSA slid past its peak production, note that the pie becomes made up of ever-more nations.  Why weren't the deposits in these other nations mined in 1950?  Because they are more costly to develop.  They are the higher-hanging fruit.  To satisfy the need for production *growth*, the world extractors had to go to more remote, energy-intensive, costly, less motherlode-y deposits of significantly lower ore quality.  Just like how the oil producers are in bumfuck egypt these days or drilling in a mile of water.  The high-quality oil and gold deposits are simply in a state of terminal depletion.

 

Here appear to be some charts on Silver production: http://www.dani2989.com/gold/worldagprod208gb.htm

Note the peak and inexorable decline of world #1 and #2 producers, US and Canada.  Note also the flatness of recent silver production worldwide, suggesting a possible impending peak supply condition.

Jun 2, 2010 11:59 AM

Agree...nobody in their right mind is investing in Russia right now because they went Venezuela on everybody.  Attract the capital and not only steal it like the Chinese do but then imprison the capitalists.

The irony is that Russia and Venezuela need the expertise of people outside their borders to develop their resources.  News flash, mfers:  they won't do it for free!

I don't know what the fk it is about these national leaders that they think they're entitled to 100% of everything.

Jun 2, 2010 12:00 PM

Direct evidence of carry trade unwind.

Tried to argue with an Australian about how his nation's growth wasn't funded in AUD but in USD and JPY...didn't get it.

Jun 2, 2010 12:03 PM

Correct.

Life has entered backwardation

Jun 2, 2010 12:04 PM

I dunno if it will or not, but it's more likely to than paper.

 

Jun 2, 2010 12:07 PM

Sorry...inadequate oil supply to facilitate that.

That is the silver lining in the cloud, the merciful shortness of WW3 due to energy supply constraints.

Jun 2, 2010 12:11 PM

There isn't a future after liquidation.

As long as the energy supply curve maintains its peak and EROI continues to decline, we're done with growth.

If we do not invent fusion or some radical breakthrough elsewhere which permits GROWTH in energy supply, then this is a forever kinda thing.

Jun 2, 2010 12:13 PM

I pretty much agree with you, but WW2 did not cover the entire world.

Why not GTFO?  You talk about worldwide liquidation and WW2 when most places saw no evidence of the war at all.

Jun 2, 2010 2:37 PM

But you'd be trading for gold AT THE PEAK

Jun 2, 2010 2:39 PM

Huh?  Negotiable notes can be used as money.

Some of the biggest dolts on here parade around spouting axioms like GOLD IS MONEY.  No it's not.  Gold is a freaking metal.

Money is whatever people agree it is.

Jun 2, 2010 2:41 PM

Gold and silver are NOT FKING MONEY.

They are metallic commodities.

 

Jun 2, 2010 4:03 PM

LIBOR is irrelevant...why not just quote FFR because that is the ONLY interbank or CP lender in bulk at this point.

Brazil can't get a LT bond auction off FFS...doesn't bode well for the carry trade going forward.

Jun 2, 2010 9:57 AM

How in the hell was the accident RIG's fault??

Jun 2, 2011 1:45 PM

boo hoo, you fell flat on your face again, STOP ACTING LIKE IT'S A FIRST.

It happens literally every time you open your mouth; you should be used to it by now.

The crap you just wrote about genes conclusively proves you are no biologist, Cliff.  There would be AMPLE biodiversity among the top HALF of the fucking globe, even the top THREE percent.  You'd be talking about fucking 180 million people in the latter case.  And, guess what, there'd even be blacks!

As far as bacteria, when did I EVER SAY that they would DIE?

I said that they would NO LONGER GROW.  You can't even grasp the POINT which is that expending efforts to perpetuate the IMPOSSIBLE (sustained geometric growth) are FUTILE.

That is because for you, merely thinking is itself an exercise in futility.

Next time I will use deer on an island, instead of bacteria in a dish just so that you can't disingenuously MISS the point completely.

We are consuming supplies at FASTER than replenishment rate, dipshit and we are NOT slowing down like bacteria, nor are we "sensing" overpopulation.  People like you aren't even bright enough to grasp the problem; what hope do we have?

People like you demonstrate the necessity of forced sterilization far beyond my ability to argue for it.

Jun 2, 2011 1:45 PM

dude, I made more money than you'll see in your life shorting banks, HBs, and shit like AIG in 2008, wtf are you talking about?

Look, do you actually try to fall this flat on your face or is it something you just have a natural talent for?

Jun 2, 2011 1:46 PM

well, as my IQ is over both thresholds, I wouldn't be, but that's beside the point.

This is a sacrifice for the human race; it isn't personal, it's business.

Fuck people's rights.  Do you HONESTLY think we can continue with this notion of individual rights past when we hit the edge and we start to Easter Island the planet?

Jun 2, 2011 1:47 PM

keep dancing, bitch

Jun 2, 2011 1:49 PM

you're too emotionally invested in your positions, dude, and I just took a shit on them so you think I'm shitting on you.

Well, here's the rub, I AM.  If you cannot divorce your own self-worth from the shit you own, then you deserve what you get.

Jun 2, 2011 1:50 PM

certainly you are not so stupid as to try to refute a point by the difficulty of its implementation, are you?

That's a strawman.  then you veer off into ignoratio elenchi and false dilemma. 

Try again.  This time, find a smart person to help you write your post.

 

Jun 2, 2011 1:53 PM

Cliff wants to keep feeding the stray dogs in his neighborhood until they population saturate.  When he can no longer feed them, their population will crash in starvation, disease, and misery.

The stragglers from the "starving masses" he hopes will find their way to his bugout ranch and worship him for his stacks of silver.

Less population at this point is in everyone's benefit.  Pay the intelligent to have more kids; we simply don't need more of the stupid and violent.

I wouldn't force everyone to become sterilized, I would PAY THEM to be.  Then, they can pay for the reversal should they choose.  Subsidize the fee of those who pass a test.

NOTHING compulsory about it.  I am all about carrots, not sticks.  Mosely-claven is just too stupid to bother with explaining all this to.

Jun 2, 2011 1:55 PM

huh??

Weak and the smart?  Is this the false dilemma now?

How about we follow your plan and sterilize all the smart people...how about everyone with an IQ over 80 and we'll see how well society runs going forward.  How about we put chimps in charge?  Have your pet drive you home tonight; he loves you.

Jun 2, 2011 10:40 PM

icanhaz risk on?

Jun 2, 2011 10:43 AM

All the Ministries of Truth will show full employment even when nobody knows anybody else who has a job.

If the EPA's disconnect of radnet post-Fukushima wasn't all you needed to know, then you aren't amenable to education

Jun 2, 2011 10:51 AM

When facing unacceptable reality, all you have left is pretend, isn't it?

We can go down a list of "truths" people in this country cling to, just think about what's politically correct versus what is real.  Things which people emotionally react to, etc.  Just go down and list them; it's huge.

Jun 2, 2011 10:55 AM

Was it looking LESS like the Soviet Union under Busch or Clitton?

It is Clockwork Orange.  Many years ago, I wrote a paper on this book with the thesis that this is what society looks like in the absence of middle class values.  Got an A+ on that one.

You are either a criminal predator or a State predator in this model.  Or you are prey for both.

Jun 2, 2011 11:26 AM

So that $49 by the end of 3 weeks ago is not gonna happen?

Jun 2, 2011 11:29 AM

well...ISM shows industrial activity falling rapidly.

Any industrial commodity should fall accordingly.  Oil supplies are relatively tight, so it will hold up.  Gold is a reserve asset and will hold up generally better.

But the speculative margin premia on anything like this will have to burn off.

QEx is a foregone conclusion unless the government is going to eliminate a $1.5T deficit.  Without Fed monetization, they simply cannot have a nonfailed auction.

Jun 2, 2011 11:31 AM

this should tell you what the real credibility of pumpers is.

They were stuck clock right so long as the price was rising.  Now, all of a sudden, AFTER a big drop, you see them all coming out saying "glad I waited," even as on an up day they were happily parroting that COMEX was going to "run out" and that major upside price moves were imminent.

Some of them even put absurd price targets out there which fell flat on their faces and now they just pretend like such things never happened.  Ignore them as they are really just trolls.

Jun 2, 2011 11:36 AM

ah, "success" for silverbugz- creating another bagholder.  Misery does love company I guess...

Jun 2, 2011 11:41 AM

couple things...you didn't caveat your prediction despite the KNOWN and foreseeable risk of margin hikes, which did what exactly?  They CHASED OUT speculative LONGS who were not real buyers.

You should SUPPORT those margin hikes in between bleating about "manipulation."  The reality is that you LOVE manipulation so long as you can coattail ride and appear to be somehow prescient.  In reality, you're a broken clock dipshit.

Secondly, mass sterilization would *not* destroy the human race.  Reproductive rates for the fertile would rise.  We'd end up with a dramatically more intelligent population most of whom would not fall prey to the type of bullshit that governments use all the time to bamboozle people of low IQ.  You really ought to take a gander at IQ and the Wealth of Nations or visit any of the LEGION of studies that demonstrate higher r between IQ and scholastic and socioeconomic outcome than with any other factor.  In fact, improving average intelligence would be the single most significant thing that could be done in IMPROVING the human condition worldwide out of anything.  Over the past 100 or 150 years of the oil age, this factor ALONE has led to a gigantic improvement in living conditions.

You call yourself a fuckin biologist?  You claim to work on genes and you don't understand the hereditability of IQ?  These two facts cannot coexist.

The reality is that you want humanity to destroy itself so that you can be a slumlord.  This is the truth of the matter.  You are a small man in so many ways, and you hope for a total collapse to somehow make you big merely by cutting everyone else in half.

You opine about the future "starving masses," and your stupid farm all the time.  People like you don't want solutions, you want misery and destruction so you can hopefully profit from it.

Jun 2, 2011 11:45 AM

one of my energy plays is Trilogy Energy in which I have a cost basis of 5.9596 per share.  So go fuck yourself.

I'm solidly in the green on every energy position I have and they all continue to spit out dividends and trade at a far lower beta than your bullshit industrial bagholder metal.

Jun 2, 2011 11:46 AM

certainly...but you didn't see me all over ZH telling people to BTFD the equity markets, did you?

Jun 2, 2011 11:52 AM

what are they gonna do, drain the SPR?

Jun 2, 2011 11:54 AM

wow, I didn't even mention you by name and yet the description was so accurate that you chimed right in with the first response.  You are like a fucking squirrel walking under a box propped up by a stick with a string attached.  I am holding the string.

You dance for me, bitch.

Jun 2, 2011 11:54 AM

Fukushima trade.

Jun 2, 2011 11:59 AM

Comex is NOT the "available supply" of gfd silver, ok??!?

It's a FUTURES exchange that is INTENDED to be cash-settled, so real producers of real silver can hedge production.

How many times do you idiots have to be told this??  Comex's warehouses are a legacy function and a total anachronism.

Real consumers and real producers of silver negotiate their OWN supply contracts.

Jun 2, 2011 2:02 PM

do you wake up with the goal of falling flat on your face again?

2008 was the year I scored huge.  My first short was WM in 2007.  I moved onto CFC, CTX, RYL, WB, LEH, MS, AIG, and so forth.  PNC, shit...you name it.

Huge year.

It must suck to be wrong all the time...please, tell me what it's like?  I have no frame of reference for what that must be like.

Jun 2, 2011 2:33 PM

you have me confused with mosely, obviously.

The shit I say comes true.

Where did I get expertise in those all of FOUR topics?  Shit, man, read Science or something.  WTF, you act like it's hard.

I never claimed $200k in physical silver.  I did a stint at Comcast as a consultant...not there anymore.  Shitty company.

Jun 2, 2011 3:15 PM

riiiiight...maybe wanna look at trav777's posting history.

It stopped when 7777 came around.

I'll clue you in as to the SECRET why this happened- I forgot the fucking password for 777.

Moron

Jun 2, 2011 3:21 PM

uh...gold is down $5.50 last I looked, dipshit

Jun 2, 2011 3:23 PM

the supply AT comex is not ALL of the supply of silver, idjit

Jun 2, 2011 3:25 PM

2010 mine supply 736Moz, moron.  You don't honestly believe that COMEX is like a fuckin supermarket for silver, do you?

Can you get at least ONE thing right?

Jun 2, 2011 3:31 PM

sigh...that's a great anecdote.

And that's exactly what it is, an anecdote.

It's not a statistical generalization.  Random genetic lottery winners come from the dumb and the smart.  My purpose is solely to raise the IQ of the AVERAGE member of society more rapidly than the Flynn Effect will do it.

Jun 2, 2011 3:32 PM

judging from the absolutely stupid shit you say, no, I think the world wouldn't have lost much other than yet another idiot.

Jun 2, 2011 3:34 PM

this was simply an institutional-level beatdown LOL

Jun 2, 2011 3:39 PM

I have never AT ANY POINT said that humanity would die.

Let me ask you:  is it POSSIBLE for you to conduct ONE discussion without NONSTOP use of logical fallacies like strawmen?  I mean, can you fucking do it, are you at all even CAPABLE of it?

You "crack open the container." ROTFL.

Let's crack open the earth then...we'll move to where, outer space?

With each statement out of your idiotic mouth, you only PROVE to those here who either came in understanding compound math or else went through Bartlett's lecture series on Youtube that you are a COMPLETE moron and simply incapable of understanding the problem.

In the original problem, how much longer does it buy the bacteria to multiply their container's size by 1024x?  You really think we're going to find 1024x more continents or 1024x more oil production?  If people like you keep breeding, all we will have is 1024x more fuckin idiots around.

Jun 2, 2011 3:41 PM

another idiot...do you travel in packs or something?

I said that IQ has a higher "r" to various outcomes than other factors.  You clearly did not know what this meant which is why I wrote it as such.

What this means is that you are ignorant and need to extract your head from your ass and go educate yourself.

When you actually look into IQ, you will begin to discover there are some painful truths lurking there which will turn your stupid world upside down.

All you "red pill" talkers are all full of fucking shit.

Jun 2, 2011 3:43 PM

look around the world at high IQ societies.  Start with IQ and the Wealth of Nations.

Maybe you people just need to become fkin educated?  Try it.

Instead of keeping your head in the sand.

I've given you dipshits the red rock, now this aint no afterschool special, SMOKE IT

Jun 2, 2011 3:43 PM

Easter Island lost only its trees...ROTFL.

Yeah it lost the ONE FUCKING FUEL SUPPLY IT HAD.

JFC, you are a dipshit.  You know the only reason I respond to you anymore is because I like abusing you?

Your fucking "private property" HAHAHAHAHAHAHAHA...let's see here...oil in the USA was private property and it peaked in 1970 and has declined 40% since. 

Just. Shut. The. Fuck. Up.

Jun 2, 2011 3:48 PM

your batting average on these calls is a perfect .000

I don't still work at Comcast

Jun 2, 2011 3:49 PM

Graphene elevators to the stars....ROTFL

Dude, while you're up, why not just fly there on a unicorn?

Jun 2, 2011 3:50 PM

what part of "my first cost basis for ASEs was $6.52/coin and my first cost basis for Leafs was 285/oz" are you mfers really struggling with?

Look, I don't have posting privileges here, so I CANNOT draw you a fucking picture, ok?!?!

Jun 2, 2011 3:55 PM

nah...given the sterilization rates by race, you'll end up having the NAACP crawling up your ass.  Your proposal has the same obstacles as mine has, people like mosely-claven.

Jun 2, 2011 3:57 PM

wtf did race have to do with this?

I said IQ, not race.  It happens that the distribution curves between races are different, so the outcome would be disproportionate.  That is the only impact with race.

As for the crooks, fuck sterilizing them...execute them.

Lil Wayne never invented the refrigerator either...you want a society run by little fucking Wayne now?  Really?  They have that, it's called Africa.  I'll take scandinavia.

Jun 2, 2011 4:05 PM

oil peaked...so therefore I am right.  Thanks for that.

Who the fuck said I was long oil in 2008?  I sold off my COSWF for a big ass gain and started buying back in in the mid teens.

The delusions you misrepresent as fact, man....get help.  Now.

Jun 2, 2011 4:11 PM

The reason you never see me having to admit I don't know something, Cliff, is that when I don't, I AM NOT SPEAKING ON THE TOPIC.

Unlike you...you just wade the fuck right in and show yourself to be a fool.  I keep my mouth shut and I listen and learn.

As for whatever gold or silver I own, that's none of your fucking business and you wouldn't believe me if I told you to the nearest 10th of an oz

Jun 20, 2010 1:08 AM

You do realize what happened to the Savage, don't you?

Jun 20, 2010 1:13 PM

Utterly wrong, but hey, have at it.

study some recent conflicts such as the Kargill War or the Faulkands War for a demonstration of naval air power.  There's a reason that nations hang onto these and why India is trying to build and acquire 2 more.

Jun 20, 2010 1:26 PM

One thing I've noticed on this forum is that ANY reference to ethnicity that casts any jew in a negative light is immediately mass-junked.

Any mention of the monoethnicity of the financier class, the bankers, the proliferation in defense, neocons, or the Cabinet, any reference at all is instantly attacked.

Anyone who does not toe the "America = Israel" line that our foreign policy is necessarily and axiomatically coextensive with theirs is attacked.

There is NO credible explanation for our Israel policy other than what is suggested - that members of the Tribe have effectively hijacked our nation.

Jun 20, 2010 1:29 PM

This is a joke, right?

what EXACTLY has Iran done to attack us?

The muslims already have the Bomb, idiot...Pakistan.

Jun 20, 2010 1:31 PM

"G-d"?  Go home

Jun 20, 2010 1:32 AM

China is one of the most corrupt countries on earth, bud.  Literally everyone in the Party is on the take.

Jun 20, 2010 1:54 PM

False dilemma much?

Jun 20, 2010 10:04 PM

HUH??

The economics of Adam Smith ran the world for hundreds of years.  Real Bills Doctrine was genius.  It self-expressed before Smith even wrote about it.

All those who came after him have been banker scumbag apologists.

Jun 20, 2010 10:58 AM

Digest, bitchez

Jun 20, 2010 11:01 AM

As you probably know, that was Israel in conspiracy with South Africa

Jun 20, 2010 11:06 AM

Much ado about NOTHING.

People should really do themselves a favor and do research on the Chernobyl Dead Zone.  It literally, as reported by scientists, is one of the cleanest places on earth.

The politicians who received this report were dumbfounded, "how can this be," they asked.  All the humans left.  Wild animals don't live long enough for radiation effects to manifest and mammals outbreed this type of deleterious condition.

We may give ourselves cancer, but the rest of the biosphere is hoping for a nuclear war so as to make it inhospitable for humans.  We fled the Dead Zone and left it to nature almost entirely.  Now it's clean water, pure air...just of highly elevated radioactivity.  In fact one of the scientists actually observed that if we wanted to set aside areas for wilderness and to guarantee they would never be developed, perhaps nuking them would be the best bet.

Jun 20, 2010 2:36 PM

WOW...just WOW.

The OWNERS of corporations are having to fight in Congress to take back control of their property from the executives of those corporations.  The Boards are so packed with cronies that they have managed to steal everything not tied down and destroy the businesses like a swarm of locusts.

How many boards you think Hayward sits on?  How many for Blankfein or Dimon?  And of those boards, how many of those companies have executives who serve on JPM or GS or BP boards?  It's one GIGANTIC interlocking directorate, one big gang.

Now, the freaking OWNERS of companies are having to fight to retake control of the fucking profits that BELONG TO OWNERS, as the executives make one "business decision" after another to pay it to themselves.

I used to own part of a restaurant.  If the manager came and told me that he was paying himself all of the profits, I'd have laughed and then fired him.  That's what NEEDS TO HAPPEN here.

ALL of our representatives at ALL LEVELS need to go.  One big YOU'RE FIRED from everybody.

we as OWNERS of this nation and OWNERS of these corporations need to retake what is OURS.

Jun 20, 2010 2:47 PM

Just to pound the meme, at peak a few years ago, Cantarell produced over 2mbpd.  There's yer Peak Oil right there, and why BP is even going to the trouble at 23000'

Jun 20, 2010 4:35 PM

I'm getting out-earned by whining fucking teachers, great.  Thanks for the ego boost, CB.

Public sector employees when my dad was one took lower pay than the private sector in exchange for a pension.  Now, it appears they not only get more salary but the gold-plated benefits as well.

Burn it all down.  And YES, FIRE ALL THE FUCKING teachers, firemen, and police officers.  I'm TIRED of hearing how we simply have to bow down before this Holy Trinity or else the sky will fall.

Jun 20, 2010 4:42 PM

His first quote is why lending at interest was BANNED in the western world for centuries and why Usury Clan members have been run out of every country they've ever inhabited.

The banks lent Greece money they NEVER HAD.  The capital DIDN'T EXIST, ok?  It only exists as a confidence racket, the true ESSENCE of a ponzi is what ALL debtmoney is.

Look at the Z1...ALL of those dollars are FRNs from either the Fed or member banks!  Do you honestly think that banks had $55T in capital to lend at the start of the Fed system!?!?  If not, then where the HELL did all that credit come from?  They expect INTEREST on "capital" they pulled out of their ASSES.

The proof that banks create debt/money by lending capital they do not possess is INARGUABLE.  The ubiquity of this practice among "bankers" and Usury Clan members is why this sort of thing was singularly REVILED throughout history.

Real Bills is what financed world trade through the Renaissance and beyond.  This system we have NOW is an abomination.

EVERYone should repudiate!  The bank gave you NOTHING real and NOTHING it actually OWNED when it lent you money.

Jun 20, 2010 4:47 PM

As opposed to fucking WHAT, "repaying" the banks the capital they lent but never actually possessed in the first place?

Yeah, I get it...Greece, like every debt serf who fell prey to the usury clan leading up to yet another great purge, should repay in REAL assets in exchange for loans of money that was CREATED by the banks that lent it to them...PLUS interest.

This is PRECISELY the debt compounding, real for paper, deflation/default SCAM that has been played for centuries by the banking tribe.  It ALWAYS ends up in mass misery, strife, conflict, and even genocide. 

The only credit that should exist is that which is self-liquidating, iow, REAL bills.

Jun 20, 2010 4:49 PM

So, you're OK tho with the BANKS being allowed to create it so long as it has INTEREST attached to it?  WTF

That's far WORSE.  You people are calling for debt prisons for the Greeks simply because they're stupid.  Rah rah banks, huh?

I got bad news for you, WE are "in debt" to the banks to the tune of the entire Z1 consumer credit figure, or $50+ trillion, buddy.

We allowed them to LEND us our money supply and charge us interest on it.  Now, they expect REAL assets in exchange for what was FICTIONAL capital.  Our money is a ponzi scheme confidence racket.

Jun 20, 2010 4:56 PM

What he states is the truth - all are not created equal.

If you cannot see that, then you are a fool.  Opportunity is WASTED on the slothful.  This is how Rhodesia became Zimbabwe.  Redistribution to different hands disproved immediately your inane and self-delusional premise of shared cognitive heritage.

America has been ghettofied, it's most powerful institutions, media and finance, have risen to the top, strangling everything else.  Biracial babies are paraded as the pinnacle of achievement, even greater than the moon landing.  We denigrate the achievements of men like Jefferson now because he owned slaves.

We have ourselves an internal war by non-westerners on western civilization, carried forth by organizations purporting to advance "colored" issues but who are run by different masters.

JFC, just look at the unholy alliance behind Gangster rap.  The JDL and Eazy E.

Usury and aggression are our game now.

Jun 20, 2010 4:59 PM

I have systematically refuted Diamond's basic thesis, which is post-hoc apologism.

The truth is that not all populations are endowed with similar attributes.  Period.

Who made the fucking guns?  The steel?  Did this stuff make itself?

Jun 20, 2010 5:03 PM

Yes, latch on to any thesis you like to hear merely because it was written in a book by an "authoritative" author.

Never mind that Diamond is a fool; his PBS series had him going on about how africans evolved the way they did, away from civilizations, as a selective adaptation to avoid malaria pandemics.

In other words, he himself was saying, despite apparently not realizing it, that the overarching pressure of malaria caused west africans to be uncivilized.  In fact, west africans who were more aggressive and less civilized would be apt to have higher baseline survival rates than those who formed cities and were then wiped out by malaria.

You really need to think before you speak.

As long as you idiots fall prey to the faux egalitarianism out there, nobody will get anywhere.  You are an easy mark for racial guiltmongers and apt to destroy yourself over fabricated sins of your fathers.

Jun 20, 2010 5:06 PM

I will.  Fuck this.  We don't need this military.  Not one thing they are currently involved in has anything to do with defending us or "service" to us.

Jun 20, 2010 5:08 PM

They can never be overcompensated...because they are part of the Holy Trinity and its handmaiden, the almighty MILITARY that is out there risking their lives to defend us all every day.

Yes, defending us from the mighty Iraqi and Serbian threats that were massing 9000 miles away.  To invade us sometime in the year 3000.  Or something.

Jun 20, 2010 5:14 PM

Cab drivers have among the most dangerous jobs.

LET'S PAY THEM ALL 300K!

The private sector has all been OUTSOURCED.  This is how the top 1% share bar graph keeps getting exponentially taller while the others fall.

There are those on this thread and elsewhere who will demand their pound of FLESH to repay this debt accrued on all our behalf, plus interest.  People will be selling their ORGANS to repay banks the money lent to them, plus interest, that the bank never itself possessed in the first place.

Jun 20, 2011 1:42 PM

we gonna go 500 posts on this one too?

Jun 20, 2011 1:44 PM

Planned Parenthood's budget is not the reason for the fuckin deficit and doesn't even belong in such a statement.

Major thumbs-down for RP

Jun 20, 2011 1:50 PM

Matriarchy never pretended to be logical.

Jun 20, 2011 1:53 PM

the military people I talk to all say killing like that feels like "the greatest rush ever"

Jun 20, 2011 1:55 PM

it isn't your body.  It is the fetus's body.

So STFU bitch.

Jun 20, 2011 1:59 PM

Sterilize them.

One by one, all of you

Jun 20, 2011 10:15 PM

you never characterize a woman as an abuser.  It's never a mother OR a father, always a father.

Despite the clear data on DV and child abuse; this is evidence of bias on your part or mindfuckedness

Jun 20, 2011 10:16 PM

no they don't because they live with me 24x7, dipshit.

Oh, what?  Didn't see that one coming, did you?  Moron.

Besides being the lowest life scum to bring someone's family into things, yet another proclamation you've made has fallen flat on its face.

One day, MAYBE you will get something right.  Until then, you are the laughingstock of this forum.

Jun 20, 2011 10:21 PM

Nah, you really conducted a superficial analysis.  I don't meet the NPD criteria, bruh.  Nice try, but typical of what armchair analysis will get you.  I hit on 3 or 4 of them, but who doesn't?

Alcohol?  ROTFL...I barely drink.  Never liked bein sloppy like that.  You really don't understand me and I don't fit your little profiles.  Art class is fun.  Was never a cop, no cops in my family.  LOL. 

How do you know I even make law my profession?  See, this is the problem with your entire line of work- you ASSUME details to fit what you conclude ab initio.  You're attempting to back into a conclusion that you've already made by misinterpreting facts and flat out making up the others.

This is why psychiatry is a joke and dismal profession.  You didn't even bat your weight in this analysis.

Jun 20, 2011 10:27 AM

funny how you recognize the stink of your own shit even when not mentioned by name.

You are so pathetic and he had you pegged

Jun 20, 2011 11:30 PM

it's probably paper lent and paper sold

Jun 20, 2011 12:25 PM

Iceland didn't default; they just let their banking system crash.

The sky didn't fall, last I checked.

The funds, banks, and vicariously, the German people, have been subsidizing Greece since their accession to the EU.  They were expecting a coupon back on their "investment."  It ain't gonna happen.

Everyone is expecting their money to make money by the principle of economic growth in the aggregate.  That growth is no longer occurring.

Before the days of growth and banking, you grew what you needed to eat for the entire year.  Stockpiling grains did not produce magic compound interest and more grain.  This is the future.  The only people earning returns now are doing so via inflation and leverage. 

Jun 20, 2011 12:27 PM

banksters and the usury clan only have primacy absent time of war.

Germany is going to figure out that if they really want their money back from Greece, they will have to go take it.

These bullshit liberal "rules" that people cling to aren't worth dick.

Jun 20, 2011 2:01 PM

Where is that woman from the NH Man thread who talked about how much women love their children?

Women don't love their children; they love themselves and nothing else.

Women have never been asked to decide anything because they are biologically incapable of it.  They rule from emotion and self-interest.  There is no such thing as principle, there is only post-hoc rationalization to protect the ego.

Jun 20, 2011 2:10 PM

Abortion is easier than that.

You can phrase it in the terms of ethics and a duty of care.  If by reasonably foreseeable consequence of your actions, a fetus transpires, then you owe it a duty of care simply because it is now dependent upon you.

There are myriad examples of this principle all throughout tort and contract law.

You should be able to remove the fetus after it has attained viability, but you would be liable for its injuries resultant therefrom.

If someone takes their DOG to the pound because it crimps their lifestyle; shit, some people might advocate murder for that.  But a fetus for the same reason?  YOU GO GRRRL.

It is unethical to kill things for your own convenience.  Expecting women to grasp or subscribe to ethics, rules subordinating what you want at any given time to principles, is foolish.  That is what men are supposed to be around for.  Rules, laws, principles, ethics all come from men.

In the case of rape or whatnot, there is no duty of care.  You do not have to jump into a pool to save a drowning child for whom you owe no duty of care.  You are not liable for failure to save or render assistance.  You can sit with popcorn and watch them die and you aren't liable.  Certainly, people would rightly shun you as a piece of trash, but you aren't liable.  So would it be with nonforeseeable pregnancies as a result primarily of intervening criminal behavior.

Jun 20, 2011 2:10 PM

it is just "regrettable collateral damage" because "mistakes were made" when our military does it.

If you do it, it's aggravated murder.  If some other national leader does it, it's a War Crime

Jun 20, 2011 2:21 PM

translation:

"ME NOT GETTING FAT COUPON....ME THROW TANTRUM"

Jun 20, 2011 2:28 PM

try saying something anti black around here if you think it's bad.

the PC mindfuck has a lot of supposed "freethinkers" completely wrapped up.

Talk about eugenics or IQ or biology.  Step outside the box; see what happens.

Jun 20, 2011 3:18 PM

she's a girl.  She'll be indoctrinated to hate men and see all the risk-free environements they have created as "oppressive artifacts of the patriarchy," and bitch and moan about them as she drives to her climate controlled job over roads paved by men, in cars built and invented by men, using oil and gas that only men seem to go get, into a building in which every single piece of everything was done or invented by men, and collect a paycheck in her pantssuit for sitting in front of a desk with a computer on it clacking on facebook.

Without men, the lights don't fucking come on; there would be no lights.  Think about that- who builds and operates plants, who goes a mile into the earth to dig coal out.  And yet here we are in a male-denigrating society.  Well at least productive males.  Nonproductive criminal class thug males are revered.

Jun 20, 2011 4:18 PM

No State in Africa is the problem and not with the black community in, for example, the UK.

Africans are the problem with the African community.  They create it.

Jun 20, 2011 4:20 PM

there was this one story of a dickhead kid, the "youth" of today, out with his grandma.  He was mouthing off and she slapped him.  Police were called; they arrested her.  He was a teen.

Jun 20, 2011 4:22 PM

You're a fucking idiot.

Low black IQ predates the welfare state and the white man.  It's present in Africa, too.

Literally every supposed truth idiots like you cling to is a fiction and a fraud, just like you are, mosely-claven.

Injuns were unemployed before and after the white man got here.  Their predeliction toward alcoholism isn't the state, you dumbfuck, it's genetic. 

And I thought you said you were a biologist...ROTFLMMFAO

Jun 20, 2011 4:31 PM

I have to ask this of you- are you fking stupid?

Labelling who in a hateful way?  Are you talking to me?  For Christ's sake, when you're this far downthread, include a quote of some kind.

All this crap about hate...what hate?  Point out the hate.

Idiots like you are not worth anyone's time because you are mindfucked dogs salivating at a bell. 

stereotypes wouldn't be stereotypes if they weren't valid (true) statistical generalizations.  Chew on that.

but, with the "nazi" line, you go Godwin's Law and you lose.

Jun 20, 2011 4:36 PM

the girls from there have their heads on and are marriage material by 20.

In the US, good luck...a bunch of 30-something children.  On both sides of the sex divide.

Jun 20, 2011 6:53 PM

I have few problems mostly because I avoid people like you.

You're a sick, tiny little man, whose only hope to become significant is for there to be a massive crash where you can then lord your "farm" and your silver over these same starving people you claim I hate.

You are the most repugnant piece of shit around; who the fuck are you trying to score brownie points with by being a sellout?

Unlike you, I don't NEED the approval of PC protected groups for my self-worth.

Jun 20, 2011 6:56 PM

do you think women CARE?

I had the cops called on me 3 times I think.

The women WILL hurt the kids just to get to you because unlike them, you REALLY CARE about the children as a person severable from yourself.  That is the difference.

A divorce and custody is not about what's best for the kids...it is about revenge against you

Jun 20, 2011 7:00 PM

Why, are you cruising for a new top? 

Low black IQ preceded the white man yes.  If you cannot figure out how the attribute exists independent of the metric, then you are beyond help.

Asians score higher than whites on this test, idiot, so shove the "white men invented" it shit.

Injuns lacked the written word, the wheel, bronze...shit, the list goes on and on.  Who cares about them and their stupid primitive society?  You?  You don't give a fuck.  You want destitute people so you can charge them their pound of flesh for your silver.

Now go lose another half of your life savings, cliff.

Jun 20, 2011 7:04 PM

No, you fucking MORON, I am saying that the welfare state in the UK DOES NOT FUNCTION THE SAME AS THE WELFARE STATE HERE and that there IS NO WELFARE STATE IN AFRICA.

Good LORD, you are fucking stupid.

You and your hardon for the "state"...you libertardians are all a bunch of ridiculous fools.  blacks' socioeconomic standing has INCREASED due to the welfare state.  LOOK IT UP, dipshit.

Their crime rates and rates of poverty have always been high, here, there, everywhere.

Jun 20, 2011 7:11 PM

Jeezus H Christ on a crutch, you are a MORON.

Nowhere in this discussion, except where YOU INJECTED IT, were any of these issues under discussion.

Let the other idiot speak for himself; he doesn't need you making an even bigger fool of the both of you, Cliff.

You are the lowest piece of shit; you're going to bring my kids into this?  Typical piece of lowlife trash.  I would punch your fucking teeth in if you said that shit anywhere within reach, you obtuse, fetid slimeball motherfucker

Jun 20, 2011 7:15 PM

GFD you are dumb...you're a man?  We're fuckin hopeless with people like you around

Jun 20, 2011 7:18 PM

who ever said everything was genetic, you motherfucking idiot?

Are you capable of stringing a single SENTENCE together without committing at least 2 logical fallacies?

I am claiming that uncivil morons like you need to have their asses kicked.

Jun 20, 2011 7:32 PM

you are talking complete shit out of your ass...who is this, tmosely?

Jun 20, 2011 7:34 PM

always "a father."

GFD you are brainfucked.

Jun 20, 2011 7:37 PM

No you won't.  I rank a few notches above you in the "system."  Despite department policy, the police were outside discussing how they understood that they couldn't get away with arresting me because, well, I knew better as an attorney.

I had an expensive lawyer and I fought.  And I prevailed even against the weight of your bullshit system.  Nothing can ever undo the damage people like you caused and enabled, to kids who were innocent.

Who should be burning right now are people just like you.

Jun 20, 2011 8:06 PM

who created this nanny state?  Women combined with dickless guys vainly trying to get laid by them

Jun 20, 2011 8:12 PM

I never beat my children you motherfucker.  After this type of libel, what's next to come from your mouth, you freaking repugnant piece of shit?

Not bitter at all...I won.

Jun 20, 2011 8:14 PM

eh...women worked their asses off during WW2 as many of the men were deployed fighting.  Then, when the war was over, they pretty gladly reassumed the feminine roles they preferred.

Nowadays, with this risk-free structure men have created, why bother with a man?  Sure, men's function is ever-present, police, fire, the power lines in the middle of a storm, oil rigs, coal mines, construction, all the work women can't be bothered to do.  But there are "men" atop this pyramid who find riches in using women as a voting bloc.  And lots of ball-less scumbag men who think they are scoring brownie points and will get some pussy by knuckling under to everything women say.

The good news is that patriarchies outbreed matriarchies.  The "conservative" population proportion is growing, because the libs are too dipshit to have kids.  Look at birthrate trends all over the world.  Eventually, it comes to violence and more men=win.

Jun 20, 2011 9:13 PM

if you think the wheel only has use to roll shit on, then you are even dumber than I gave you credit for.

You know, mosely-claven, I kind of admire you.  Anyone else would have slinked away and licked their wounds, dropped off ZH and/or gotten another handle.  But you just keep coming back for asskicking after asskicking.  How do you take such abuse and continue to fall flat on your face time and time again and not let it bother you?

My kids weren't taken from me, either.  Oh and heiroglyphs aren't the written word.

Sure, the mesoamericans had a system of writing on par with the egyptians or sumerians 5000 years earlier...WOW.  Still not the written word.

Dunno where you come up with this strawman shit about asians and driving, but whatever.  You are like a dog that keeps coming back for beating after beating, so carry on, cupcake!  Dance for me some more.

Jun 20, 2011 9:22 PM

ROTFL...there is no welfare state in Africa.

The welfare state here GIVES blacks shit in abundance.  It has engineered an entire phony black middle class that wouldn't EXIST but/for state largess.

And somehow you can reconcile these two diametrically opposing datapoints into "the state is the problem."

Yeah, we got it, mosely-claven, the state is at fault because...well because of chickens.  Or clouds.  Or any stupid reason you can concoct.

If the state gives blacks tons of stuff, it's at fault for their problems.  If it doesn't, it's at fault for their problems.  If it takes shit away, it's at fault for their problems.

Just blame whitey for everything, you spineless piece of shit.

Jun 20, 2011 9:24 PM

mulatto?  I don't care what dumb sluts do, to be perfectly honest with you.  They can have at it.  If you want avg 85 IQ genes for your offspring, you are beyond help.

It must frost much asses that white people are to credit for nearly everything we call civilization.  Dunno why you hate yourselves so much for that.

Jun 20, 2011 9:31 PM

Drop dead you pathetic motherfucker.

Nothing you say is true and nothing can salve the wounds of reality slapping you over and over again.

Your life's savings has been cut in half and you are bitter because the starving hordes aren't worshipping at your feet in exchange for a day's bread.

You are a pitiful little man.  What type of man brings another's kids into an argument?  You are a bottomfeeder, cliff, a real piece of shit.

Re-read my post if you can't fucking remember what I said and what I didn't.  Moron...go fuck yourself.

Maybe I will give my real name on here so that I can sue you for libel...damages are assumed for the types of accusations you make.

Jun 20, 2011 9:35 PM

are you aware that saying I beat my kids is actionable libel, mosely-claven?  Do you know what that is, "libel"?

I won my divorce case.  And I am looking for the last half of your life's savings.

Jun 20, 2011 9:36 PM

I've never murdered ANYBODY.  Where the fuck do you come up with this crazy shit?

You need to go see TCT because he can make a life's study out of you.

Between your mental retardation and clear insanity, you're an entirely new DSM IV category.

"Sterilizing the whole population of the earth"???  ROTFL.  Is there ANY lie you won't tell?  You're incapable of winning any debate except when you can out and out LIE about what the other person said.

All for what, cliff?  To distract from the fact that you are a fool and a loser?  Someone whose predictions fall the fuck apart DAILY?

I'd love for you to try to kill me...please, give it a try.  Let yourself give into your hate and psychosis and come looking for me.

I know a TON about you.  You are a fool and a pathetic loser.  Really, what more is there?  I also know that you have GLEEFULLY talked about when the starving hordes will come looking for your food and how you are going to be a veritable BARON with all your silver.  Lying about that and trying to change your tune won't make that go away, Cliff. 

You'll still be the same pathetic loser as yesterday except with one more notch in your "laughably failed predictions" belt.

Jun 20, 2011 9:45 PM

I was paying up to 6 grand a month to a woman who was essentially putting it up her nose.  Eventually, she self-destructed.  At every turn people asked me why I didn't make a case for sole custody...why?  So I can drag the kids through MORE of this shit and end up enriching the entire system even further?  So a judge can decide that day, hey I think I'll give full custody to her and let her move to timbuktu?

It was a huge tribulation but in the end, the outcome was finally just.  They sit here everyday and sometimes in their precious way they ask what I am typing about.  I calmly respond that I am just embarrassing some idiot named mosely-claven on the internet and yes, I know, it is not right for me to use my superior intellect to make such a fool of him all the time.  I should be above that.  It's just so much fun though.

Jun 21, 2010 10:57 AM

Nonsense.  China has already been buying less treasuries because we are all borrowing less to cycle through them.

China wants/needs to buy the EURO now.  China does NOT want to suffer the deflationary trends in money supply that WE are experiencing.

This has nothing to do with wanting to get off the dollar, they are desperate to find another peg that lets them continue mercantilism and a forced equation to the dollar is not working right now.  It's causing contraction in their economy.  This is why they did a stimulus, because global borrowing has stopped.

If the dollar is semi-hard because of the oil "peg," then the deflation imposed by this would hit any nation pegged to the USD.  China will devalue now versus the euro in hopes that they can gut the EU's industrial base.

Jun 21, 2010 11:14 AM

Promises for the future are being discounted vis a vis things in existence now. Real bills are coming back.  Life is proceeding into backwardation.

Jun 21, 2010 11:17 AM

Slammed, bitchez

Jun 21, 2010 2:35 PM

All new JPM short ozs, right?

Jun 21, 2010 4:20 PM

Krytons, bitchez

Jun 21, 2010 4:49 PM

Houston, bitchez

Jun 21, 2010 8:08 AM

yuan, bitchez

Jun 21, 2010 8:18 AM

Why has everyone assumed a yuan rise?

The REALITY is that china couldn't defend the peg as there weren't enough dollars coming in!

THEY ARE GOING TO BUY THE EURO.  Do not expect 30 years of mercantilism and export-addiction to end here.  Expect it to continue by establishing a de facto trading band with its most significant currency export zone, the EU.

The CNY/USD is going to become less significant in this mix.  The peg combined with the EUR/USD cross was killing them.  They are/were pegged to the wrong currency for *now* as opposed to 15 years ago.

Jun 21, 2010 9:51 PM

Bail, bitchez

Jun 21, 2011 1:09 PM

do you people think "interest" comes from thin air or something?  It is paid by growth ELSEWHERE.

You act like somehow the banks or Fed can PAY 5% when the economy is generating 3!  It cannot

Jun 21, 2011 3:50 PM

Well, the NAR's economist thinks continued growth in new home construction is a sign of health.  We already ran out of fucking people who could buy a house; more houses than people.  How in the hell at that point is building MORE of them healthy?

The game is up, pack up the equipment and go home.

Also, if you have no income and you default, wtf is 0/0?

Jun 22, 2010 10:17 AM

Down, bitchez

Jun 22, 2010 2:05 PM

They can't until the petrodollar link is broken.  This would require a major break by KSA, which is only foreseeable if there is major revolution there.

We got a taste of our mortality in 1973, and now every single thing we do geopolitically is to defend that petrodollar link.  Without it we are instantly finished and everyone knows it.

We kind of need a sunni destruction of both Iraq and Iran's shiite populations because the sunni axis is much more under our control in the Gulf

Jun 22, 2010 2:09 PM

"Thanks Busch"??  For what?

Don't get it?  Busch spent the surplus trying the SAME fking thing Bama is.  Keynesian stimulus from the supply side.  He faced the same all-out debt meltdown deflation forces as have been lurking since 1970

Jun 22, 2010 2:17 PM

and germany doesn't have a 25% third-world demographic with IQs averaging around 90, nor a massive, 40-year program to ensure that as many of this demographic as possible are forcibly promoted into mangement positions.

What we have here is not just a failure to communicate, but it's a study in network theory or dynamic design.  How many nodes can be total failures in an organizational network before the entire structure collapses.

The US is still playing pretend like it is 1950 and we can AFFORD to put wheelchair ramps on aircraft carriers or whatever the ADA mandates, among other things.  We are flat out fking silly and it will be the end of us.

Jun 22, 2010 2:19 PM

No.  the Chinese are the Bamboo Lounge.  WE are the mafia.

Jun 22, 2010 2:33 PM

Refresh my memory here - what were Bama's qualifications prior to this job?  Answer: none.

Busch?  Same answer. 

WTF does it really fucking matter?  You guys' hardon for Sarah Palin, both for and against, totally makes me laugh because it's completely STUPID

Jun 22, 2010 2:46 PM

He should resign and say whatever he wants.

The TRUTH is that provers like the military don't get along well with full of shit scam artists like Obama.

Jun 22, 2010 8:28 AM

Plunges, bitchez

Jun 22, 2011 2:17 PM

no way the gov can fund unless they are lying

Jun 22, 2011 4:22 PM

your ancestors were savages.  Evolution is like that.  You should weep for neandarthal

Jun 22, 2011 4:25 PM

The land was mostly purchased.  It was initially settled by small groups of immigrants.  The injuns' immigration policy was slaughter.  So, justice had to prevail.

Had the injuns just been able to get along without slaughtering and intertribal genocide, perhaps a better solution could have been worked out.

Jun 22, 2011 4:29 PM

GFY idiot

Jun 22, 2011 7:23 AM

got no choice...the sovereign is bankrupt.  The stay of execution brought by the North Sea Forties field is now over

Jun 22, 2011 9:45 PM

and then default like the government will?

Interest is relentless.  Growth is not.

WTF did people expect to happen to the euro when to even get INTO the union, governments had to cheat and push interest into the future?

All those swaps that GS set up for them to get them under the deficit caps are now coming due.  Balloon payments.

Jun 23, 2010 1:27 PM

This wasn't a production well.

They're drilling out there because that is the only undeveloped oil left.  All the ANWR and shallow water stuff isn't but drops compared to this.  Don't believe?  Look at where Petrobras is drilling.

Jun 23, 2010 1:40 PM

Garbage!

"Corporate greed"?!?!?

Try fucking CONSUMER GREED.  There is a willing buyer for EVERY barrel for an SUV idling in some parking lot RIGHT NOW.

Jun 23, 2010 1:41 PM

+100kbpd

Jun 23, 2010 10:31 PM

All the fuckin debt in the world CANNOT create more oil.

THIS is what Krugmoron fails to grasp.

Jun 23, 2010 11:22 AM

So then what the hell good are these guns and ammo if the gov disarms everyone?!?!

The paperbugs constantly say guns and ammo and FRNs, oh watch out the gov will seize your gold!!!!!! 

WTF, they won't seize your FRNs and guns too!??!

Jun 23, 2010 12:51 PM

It's also a hedonic adjustment showing no inflation.  People are choosing to use lower-cost alternatives like refigerator boxes, meaning that aggregate prices are falling.

Jun 23, 2010 2:07 PM

we are down this deep because this is the only place that there is any undeveloped oil reserve remaining.  ANWR and shallow water are just not that significant compared to the numbers of barrels in deepwater.  This isn't the only place nor the deepest.  Google Carioca

Jun 23, 2010 2:09 PM

yeah, good luck with that.  There is no alternative.  One barrel is 12 man-years of labor.  The energy density of oil is what MADE automotive travel like we do and especially air travel even possible.

Jun 23, 2010 2:18 PM

People think this BP well is a big deal?  At 23000'?? LOL.

Andarko is already producing gas in 8900' of water in the GOM.  Carioca is at 2400 meters of water, with some of the field being at another 7500+ meters below the sea floor.  They already have a test well down to part of this field.

This is the future of oil production because all the surface fields are already discovered and in development and most have already peaked.

Jun 23, 2010 2:29 PM

And with these last few POTUSes, god help us.

Why would any combat general respect Bama?

Jun 23, 2010 3:46 PM

This is Nam generation brass.  They saw it.

Better to SPEAK OUT than "just follow orders."

I love it how a general embarrasses the Messiah and everyone wants to use the Nuremburg Defense against him

Jun 23, 2010 3:59 PM

yep, just like all the nazis that we tried at Nuremberg did

Jun 23, 2010 4:19 PM

Yes, you WILL PAY US BACK the fucking money we lent you that we never actually had!

If AIG goes BK, they get $200B.  You go BK, INTO THE PRISONS

Jun 23, 2010 6:59 PM

Why the focus on the price?  Focus on that the stuff has value which is not likely to evaporate anytime soon.

If paper currencies hit a crisis point, people will be scrambling desperately for anything that will be seen as worthful

Jun 23, 2010 9:57 PM

Loss, bitchez

Jun 23, 2011 10:47 AM

alll the Presidents have been doing this with the SPR.  It seemed clear Bama would too.

Buy oil with both fists

Jun 23, 2011 10:58 AM

what u think gonna happen when these stockpiles are drained?

Jun 23, 2011 11:12 PM

JFC don't have a banana then

Jun 23, 2011 11:17 PM

Paylin was no worse or better than any of the 3 other people involved in the last race

Jun 23, 2011 11:25 AM

um...oil supply affects price at the margins.

WTF does it matter if the US consumes 19mbpd?  We are not having any problem with the 18.7mbpd which is already available.  It's the last 500kbpd.

The SPR release is glutting at the margins, creating temporary oversupply.  This is its intended effect.

They will hide the real effects of the oil peak until hell breaks loose.  And they will go down pointing and screaming at "speculators" and "big oil" and "OPEC" till the lights go out.

Jun 23, 2011 11:27 PM

then why the fuck are you posting on the internet and wasting fucking electricity?

Jun 23, 2011 11:31 PM

looks like some fine kayaking

Jun 23, 2011 11:38 AM

nah...I have it on good authority that we will just "find a way" and in the meantime we will use nukeyaler power and algae and ionic liquids and shit

Jun 23, 2011 11:45 AM

2mbpd is NOT a drop in the bucket

Slack capacity defines the oil price.  If you have 0 slack and you dump on 2mbpd, you can drive the price down a LOT.

Bama is probably pulling 30k from Afghanistan to deploy to Libya

Jun 23, 2011 8:28 AM

headline doesn't match article?

Jun 23, 2011 9:43 PM

well he did, and because his clan had favored nepotistic access to grain, they were able to dispossess the entire egyptian nation of their land, becoming barons.  Eventually, there was another holocaust as a result.

Jun 24, 2010 10:22 AM

It won't make a fucking difference if they go to 0%.  People without income can't qualify for loans.  The securitization market is DEAD and buried and without it, banks have to eat and collect on the loans they make.

A majority of the late-stage housing sales were to people who COULD NOT, irrespective of their income strata, really afford the home they were in.

Jun 24, 2010 10:24 AM

Who the hell should or would want to refi with negative equity?  You're signing up for a slave contract.

The mortgage market is a RISK market, for bank and borrower.  The "system" is trying to shove all of the risk onto the borrower no matter what.

The banks can even default on your fucking deposits; they have the FDIC backing THEM up.  And what this means is backing up of the bonuses of the executives no matter how criminal or stupid their behavior is.

Jun 24, 2010 10:34 AM

Yuan *has* to go down.  Their ponzi is larger than ours.

They broke the peg because the deflationary trends in the USD were killing them.  THAT is what this is showing.

When repo rates climb it is a sign of deflation, not inflation.  They need more dollars so that they can continue to print yuan into their own economy to buy them with.

They are on their own now, with MOUNTAINS of bad debt, years and years worth of literally uneconomical development, a property bubble light years worse than ours in terms of price/income ratios, and a grossly polluted environment.

China HAS to print.  They have no choice but to radically cheapen the yuan.  People seriously need to understand where Chinese liquidity came from.  It came from dollar credit.  With less dollars flowing in *and* a peg, the yuan was rising with the dollar, because of less yuandollars.

Jun 24, 2010 10:52 AM

We can't identify the rentiers?  Really?  The very same monoethnic fingerprints are all over this financial catastrophe same as all the previous ones.  Usury has been a family profession for centuries, and it's led to all kinds of exoduses and interethnic strife.

Jun 24, 2010 11:28 AM

I like a cross-control stall as a better metaphor.  That is when you are on descent, and your airspeed over your trailing wing dips to stall speed, but you have full opposite lock on your rudder.

The plane will just tip over and crash.

Jun 24, 2010 12:29 PM

The economists don't get it...it's an EROI-led recession.

There is NOTHING to invest in at this point.  Japan is proof; once their economy saturated, even 0% loans were INSUFFICIENT to get people to borrow and invest for a superior return IN Japan.

All the loans went to fund development elsewhere where growth WAS possible.  You CANNOT borrow at 1% if your RoR is <1%.

The entire world is achieving collective Point of Recognition that the future is of contraction and that life has entered backwardation.

Jun 24, 2010 12:43 PM

WTF would Leo think that there is to invest in?

Oil?  LOL.  At what, 28 or 38000 feet??  Look at the downside for BP.  Oil companies are not that profitable to begin with, averaging well below the SP500 average.  XOM's vaunted $40B profit was on half a trillion in sales.  8% ROI is pretty pathetic.

Manufacturing?  HAHAHHAHA.  there's a glut in China.  Losing money.  You can get manufacturing now at negative profitability from China.

So what exactly is out there?  Invest in *replacing* oil?  That's a losing proposition because all it does is burn capital to substitute for something that is still cheaper.  I don't see much out there worthy of a huge investment, not after 40 years of ponzi bubble

Jun 24, 2010 12:50 PM

the system is doomed to fail.  What kind of a system was it, anyhow?  One that enshrined the rentier class and a bunch of plutocrats into aristocracy?

who WOULDN'T rejoice at the destruction of that?  This is not the system we had before CEO pay multiples blew vertical

Jun 24, 2010 2:12 PM

Welcome, bitchez

Jun 24, 2010 3:08 PM

Do you fucking drive a car??

then this is about YOU TOO.

BP is not down there to ruin the fucking environment, they are down there to PUMP OIL.  Every barrel going into the GOM is a barrel not going towards their bottom line.

Jun 24, 2010 3:09 PM

fuck you and the black dildo you rode in on

Jun 24, 2010 7:25 PM

Grotesque.  Will lead DIRECTLY to another war and another holocaust.

When will the usury clan ever learn from the mistakes of the past?  The self-deception is bordering on fatal.

Jun 24, 2010 7:26 PM

See Operation Reinhard for how that turned out.

Allies only go so far.

Jun 24, 2010 7:28 PM

Italy, bitchez

Jun 24, 2010 7:38 PM

are you getting prude?  Where are dem titties

Jun 24, 2011 1:50 PM

so, does this mean that 49 by "next week" is out?

Jun 24, 2011 12:26 PM

Cokzuckerman is just another triber in the clan whose shenanigans have bled a once-great nation totally dry.

The nations that haven't made the devil's bargain with the "financiers" have never needed gigantic armies or to experience orgies of booms and busts

Jun 24, 2011 12:34 PM

yes, bbbbut...bbbbut...they owned SLAVES and regarded africa as a continent populated by illiterates.  Fast forward 250 years and what do you still see?

Jun 24, 2011 12:34 PM

who cares about that piece of trash?  She's a mudshark

Jun 24, 2011 12:39 PM

you can't pay the inflated mortgage on declining income.  Get rid of the balls and chains, I guess

Jun 24, 2011 3:07 PM

? not reading for comprehension?  There are quite a few nations that did not welcome the chosen and their financial ponzis.  They have never needed to engage empire tactics or run ponzis

Jun 24, 2011 4:07 PM

lol...another libertardian

Jun 24, 2011 5:59 PM

you're an idiot

Jun 24, 2011 8:39 AM

US schools and students are among the best in the world if you subtract blacks and hispanics.

Jun 24, 2011 8:49 AM

oil doesn't matter??  WTF

Jun 24, 2011 8:52 AM

switzerland is also effective apartheid.  They are not burdened with having to extend democracy to mexicans.

You guys sure place a lot of weight on artificial lines on a map instead of on the people in those lines.  Until you wake up, we'll get nowhere because you cannot even identify the problem.

Jun 24, 2011 8:55 AM

but paper backed by all this unpayable debt will do great though, right?

Jun 25, 2010 10:12 AM

This is flight from unbacked to partially backed.

It's all right there in broad daylight, folks.  People are scrambling for asset lifespan

Jun 25, 2010 10:24 AM

BP is not that profitable.  The return on sales for oil producers is relatively low.  They have to have monster sales in order to get these profit headlines.  But as far as return?  Microsoft or any number of other companies is astoundingly more profitable.

Jun 25, 2010 2:58 PM

Hmm...I could be wrong here, but I don't think FDR seized gold in 1993.  I definitely was drunk a lot in college but I surely would have remembered that.

Jun 25, 2010 9:01 PM

Huh?  did he denigrate a religion or culture or ethnicity?

WTF is it that you cannot point out a FACT without having the race card played?

You just jumped to so many conclusions...pavlovian?  The race hustling machine that conditioned you to do that is also from the same group as he identified as having high membership in power and uncertain allegiances.

Jun 25, 2010 9:06 PM

In fact, this is EXACTLY how "Greece" threatens Germany and France!

They took deposits and levered them fractionally into loans to Greece, lending capital that didn't exist.  That way, any material default and it's bye bye depositors.

The entire credit system is a levered bet on OUR capital and savings where the bankers keep the profit.  I long ago said that banking was a pernicious institution and I defined it as placing other people's money at risk for your own profit.

The FDIC seems like a great idea but has really been the worst POSSIBLE institution in history.  It gave the banks carte blanche to use real savings for leveraged bets.  Nobody mistrusts banks now.  Even people who hear what's going on and understand it really recoil in an emotional way at the notion of maintaining physical possession of gold.  It's just not "safe."  Put it in a bank, they say, where it's safe.  Banks are safe.

I know it is, what, sedition now to incite a bank run, but depositors should walk with their deposits from institutions that use them for speculative bets, including "lending" like this.  We've had banking crisis after crisis on the back of the FDIC put.

Jun 25, 2010 9:09 PM

There is no interbank market outside the CBs now.  If China actually thought they had one, they were fools.

This doesn't create a lot of yuan faith if their own repo market is in seizure.  May as well stick with the dollar in that case.

Jun 25, 2010 9:12 PM

Will it be legal to hang criminal traitors like this in the future?

Either Barney Fag is criminally incompetent or just criminal.  There are no other options.

They ran GSEs under the presumption that a ponzi was a condition precedent.  There is NO WAY that they didn't know this.

Jun 25, 2010 9:15 PM

Is armed revolution the only way to get meaningful reform from Congress any longer?  I mean, seriously, has it come to this?

They will parade now all over television LYING through their teeth about how they "fixed" the system when they themselves were the ones GUTTING every provision that would have set the clock back to when banks weren't casino gamblers using other people's money.

And the scumbags in Taxachusetts WILL reelect the asshole on the left.

Jun 25, 2010 9:18 PM

They want your children to work.

Really, though...the status quo they defend IS our economy.  There is nothing else.

When the ponzi finance FIRE racket ends, so do we.  I mean, gone in 60 seconds.  It would take a decade to onshore our production base even if you could battle through the idiot NIMBYs who love and demand electricity but despise and forbid power plants.

Jun 25, 2010 9:21 PM

This austerity plan will last as long as it did for Germany after Versailles.  Seriously.

At some point, there will be enough palace storming that governments will fall and be replaced by those who will not play along.  A meme revolving around ethnicity will reemerge and people will begin to take a look at the curious monolithicity of that in high finance.

Some of these nations will likely be reduced to ashes in a Weimaresque implosion.

Jun 25, 2010 9:37 AM

Yeah...agreed.  BP has no interest in developing any wells.  They only want to spill it into the ocean.  And nobody clamors for this product, either.  It's utterly useless and not like the foundation of industrial society.

The truth is that we cannot have our life this way without companies like BP doing what they do.  WE need to have the international conversation as far as what our goals are.  Sadly, this will only be arbitrated by war.  The 3rd world isn't going to say, yeah, we'll content ourselves with living in squalor in perpetuity while the west consumes amounts per capita orders of magnitude higher.  Neither is the west going to say, yeah, we'll stop driving cars altogether and resign ourselves to soviet-bloc living arrangements.

Jun 25, 2010 9:44 AM

last one out, turn out the lights

Jun 25, 2010 9:51 AM

Maybe I need a louder avatar to get people to pay attention.

They have to QE the entire credit base.  Otherwise, the math says that the compound interest function will consume the money supply in a cascading sequence of defaults.

They have no choice, as a matter of math, but to print the interest at least.  The marginal utility of debt has gone to 0.

Jun 25, 2010 9:55 AM

I am with you on everything here.

The Fed is going to print the coupon.  Expect that.  Global coupon now paid by monetization.  This will status quo the compound parasitic drag.

They are required mathematically now to forgive debt at the rate GDP begins to contract and print the coupon.  There is no growth in the aggregate system.

Jun 25, 2010 9:57 AM

Your friend should have been, like, a MAN or something and put his foot down.  I'd have shot the dog myself, it was the humane thing to do

Jun 25, 2011 1:42 PM

how could yasser arafat get away with stealing the lion's share of money that came into Palestine?  Because his people tolerated it.

All across the world, this is what you see, toleration of wanton corruption.  The people still live in squalor while leader after leader retires to the Riviera

Jun 25, 2011 3:47 PM

gold is relatively portable if you know what I mean

Jun 25, 2011 4:12 PM

so basically, by definition, Bambi is blameless for anything.  You can just claim "the ditch was really THAT deep."

NeObama could have withdrawn us from those wars, like he promised, on day ONE of his administration.  What did he do instead?

Pull you fuckin head out of your ass.

Jun 25, 2011 4:26 PM

what a fucking joke...as if EVERYONE is emotional and that is the only thing that explains anything.  Don't like freakin homos?  You're a homoPHOBE.  Don't like the criminality and lack of civilization of black "culture"?  You're a blackoPHOBE aka "rayciss."

Don't want our country to devolve into mexico?  XenoPHOBE.

No matter what you're a phobe of something.  And all phobias are by definition irrational, so that makes you irrational and black cabbies too for not picking up any member of the group that doesn't tip and from which 99% of the assaults and murders on cabbies come from.  All phobias.  All irrational.  All needing of reeducation from a dipshit disingenuous white liberal speaking from his whitopia and learning all he knows about black people watching characters that a drunk pedophile (Morgan Freeman who is fucking his step granddaughter) plays on TV.

The fundamental premises these people operate under are complete bullshit.  It is right under their noses, even immigrant cab drivers fresh off a boat can figure it out, but they refuse to look.

I am personally tired of the war on civilization and civilized values.

Jun 25, 2011 4:38 PM

wtf is wrong with Wright's Jewbashing?  Did he correctly point out the 400 years of economic exploitation of blacks by jews?  Was one of the pieces of evidence he used sourced from a jew-written scholarly work on the history of jewish dominance of the slave trade, for example how in brazil, the slave markets were closed on jewish holidays due to lack of participants?  Did he highlight the carpetbaggers and their usury schemes used to acquire entire sharecrops from blacks after emancipation?

Really, people ought to stop their stupid salivating to the bell anytime they hear someone call out a group and they should rationally analyze the evidence that made them do this.

If you take a look at who the representatives and advisors were to Versailles (the Warburgs were on both sides) and the utter destruction it visited upon Germany, followed by the jew-dominated Weimar government and eventual total economic collapse, whereupon the insider tribe took almost total ownership of the German State, suddenly, the Holocaust no longer looks a matter of total, unprecedented, unalloyed, distilled insanity, does it?  We can't have shit like that, reason.  Reason is the enemy of the elite.  Sure, genocide was irrational, but there was much more than Reinhard to this little sordid tale.

As for Wright's cultural and racial bigotry, sothefuckwhat?  Do you HONESTLY think that the term "racism," invented by a homosexual jew marxist to be SPECIFICALLY relevant ONLY to white people (by his definition) means a motherfuckin THING to anyone else?  Seriously?  Do you really think anyone else cares?

I laugh every day at people who try to score brownie points with the imaginary audience they think claps for them and their racial nonsense.  The racehustling industry has turned the entire anglosaxon people into a bunch of stasi rats trying to out the people they should be trying to help (because all the other groups ARE with "my people").

Obama gonna pay my mortgage, Obama gonna pay my gas- that IS the reality for everyone else.  Wake your ass up or get run over by racial and ethnic blocs.  I see this crap IRL every day as jews band together without apology (and always have), indians do it, chinese do it, blacks do it, hispanics do it.  And here whitey is the odd man out, bamboozled by 70 years of tribe racial agitation.

I'm not sayin you have to tattoo the confederate flag on your forehead, but you do need to at least get the forehead out past the edge of your ass.

Jun 25, 2011 4:48 PM

Be very careful; Hitler is, afterall, the gestalt of insanity...if he said 2+2=4 that makes 2+2 impossible to equal 4.

Jun 26, 2010 1:00 AM

All that's old is new again.  See Dennis v. US and Korematsu v US.

The latter was an Exec Order.  This by the liberal hero FDR.

Inter arma enim silent legis

Jun 26, 2010 1:09 AM

You know the intelligence services used to pay latin gov'ts to ship us Germans for detention during the big War?  Kleptocracy writ large.  It didn't matter if they'd been living there for decades; in many cases, the local officials just wanted to seize their property and take the cash.

And in the US the people rallied round the flag and SUPPORTED IT.  If you spoke out, what were you, one of THEM?  Are you helping the terrrists, Germans, Japs?

The Republic we learnt about died in the 1860s.  Since then, the State's power has grown, unabated.  The State now is not in such great shape.  They are a cornered dog, a weakened Humpty Dumpty except up on a tightrope.  Consequently, they will lash out at any threat, even the truth.  The Truth is the foremost enemy of the State now.

Jun 26, 2010 1:11 AM

Neither were the Nazis or all the german people, then.

Our trial of them at Nuremberg was itself a War Crime.  The police could refuse just as the enlisted eventually refused to charge in WW1 and the war ended as a result.  They ended up shooting their officers.

But the police know that they get a cut of the action.

Jun 26, 2010 12:39 AM

What the fuck do they mean to YOU, skippy?

Calling Israel Zionist is fucking redundant.

Any fact you think you need to know, please feel free to ask.

Jun 26, 2010 12:43 AM

There's a jewish cabal?

Yeah, MORON, look up and down the Federal Reserve Board or the boards of the major member banks.

JFC, what is this, elementary school?

As for all the rah rah Israel is a democracy shit....please, it's an apartheid State.  I personally have no problem with that, but it is what it is.  Jews are not the little guy, they are what we would call in this case the bully, the invader, etc.  But I have no real problem with that either; most of the land they originally acquired by purchase.  But I'm not crying crocodile tears for their Institutional Victimhood either.

As far as being our ally; they are USELESS to us.  Utterly.  Take a factual look at what Israel does for the US.  How many bases we have there?  Versus say KSA, Bahrain, Qatar...and all the 911 brown people countries.  Israel is at this point a liability, not an asset.

Pull your head out of your ass.

Jun 26, 2010 9:58 AM

Are we STILL having this discussion?

OK.

It's time to face what is CAUSING the phenomenon then reason from there.  What has occurred is that growth in aggregate "GDP" as measured by actual economic activity has peaked as a result of the peaking of its energy inputs.

So...from this it should be easy to see that life has entered backwardation.  Something now is worth more than a promise of something plus more in the future, because the future tends to hold contraction.

Therefore, DEBT must be discounted.  That is what money is.  A promise in the future, credit.  So, "assets" backed by the necessity of borrowing growth and future production growth, and debts themselves, must decrease in real value. 

REAL things that exist independent of credit, rise in real value, especially if they are in existence right now.

There may or may not be a growth in credit, but this is irrelevant at this particular epoch.  That is what deflationists DO NOT GET.  We are not in Kansas anymore.  This is not a business cycle issue.  It is an absolute energy supply peak.  It is necessary to reason from a systemic assumption of contraction instead of growth and study the dynamics of credit and interest in that case.  All deflationists I've seen so far *will not* accept the possibility that the growth system has inflected.  They simply cannot bring themselves to accept it.

Credit is what we use for money.  And the ability to repay today's credit is dependent upon someone in the future taking out even more credit.  If the future is one of aggregate contraction, this will not occur.  Therefore, what that creditmoney buys in terms of real things NOW should be discounted reflecting the apparent present default risk.  Any "asset" presupposing its value on the bigger idiot or the future performance of the ponzi (like housing) and especially any *manufacturable* commodity, something that can be conjured, should see its price decline.

There will not BE borrowers in the future willing or able to borrow more credit to buy your house from you for a higher price.  Debt as a fundamental premise or institution, MUST BE discounted in the face of what the future holds.

So, a future of contraction...what does that mean?  It means less gold, less oil, less of most things will be produced, insofar as those things have high capital bars to production *growth*.  Gold is not freely conjurable in a manufacturing plant - houses are.  So, gold with respect to other things rises as a *supply and demand* issue.  Very basic stuff. 

It should not be hard to see that production *growth* from a factory of iPods is relatively easy assuming that the factory is not operating flat-out.  Production growth from an oil well?  No.

If you want to know what will "go up" or "go down," this is ALL you need to know.  In a climate of CONTRACTION, which things can have their own unit production be raised at will.  It is all about *slack capacity*.  And real things in existence now command a premium over a promise to supply them in the future.

Reason as someone examining debt NPV in the face of an asteroid strike.  That is a contractionary event and a simplistic example of what we're facing.

Jun 26, 2011 10:04 PM

hope y'alls bugout ranches aren't downwind lol

Jun 26, 2011 5:20 PM

you didn't answer the fuckin question.

Instead of responding to the question, you go off about some other group, arabs or somethefuckother group.

Why are you asking me straw questions about why Wright didn't mention these groups in response to a question about his mention of someone else?

Stop salivating.

Jun 26, 2011 5:23 PM

so they will empty out the cities they have that actually have people in them?

There is no 21st century superpower unless they invent fusion and monopolize it.

A superpower isn't famous for counterfeit Louis Vuitton and other consumer merchandise as a major export.

Jun 26, 2011 5:43 PM

Special Economic Zone, and it was Idaho

Jun 26, 2011 9:28 PM

The chinese aren't master fucking planners.  JFC, during Japan's ascent, at least their brands were known for something.  Name me one Chinese brand.

All this asian supremacy bullshit you idiots spout...colonization of europe??  WTF for, to collect welfare?

I thought china was the future; why the hell would they want to migrate to europe, the freakin weather?

Jun 26, 2011 9:34 PM

China IS a culture of corruption.

Jun 26, 2011 9:36 PM

dude, there are frickin chinese fraud stocks crashing DAILY.

What the fuck are you people SMOKING that you think china is about HONOR?

They freaking are known for STEALING intellectual property and COUNTERFEITING luxury brands and everything else they can get their hands on.

Jun 26, 2011 9:40 PM

Europe doesn't have 25% black and hispanic populations.

White and asian US students are among the best in the world.  These two groups' demographics indicators are better than those in Europe.  Lower crime, better health, etc.

Jun 26, 2011 9:41 PM

ROTFL...you china worshippers make me laugh.

China has paper claims and their claim to fame is cheap plastic shit, poisoned dog food, and counterfeit goods because they cannot create a brand of their own.

Even during the laugh-at-Japan phase, Toyota and Honda were known for quality cars and Sony was an up and coming brand.  WTF does China have?  Shit that falls apart.

They are a thief nation...nevermind they have turned their nation into a toxic waste dump.  There's no breathable air nor drinkable water left in the entire country and cancer cases are exploding.  THIS is the future?  THIS is progress?  THIS is the clever strategic leadership of the future?

GTFO here idiots

Jun 26, 2011 9:47 PM

STFU idiot

Incarceration of former slaves?  There are former slaves left alive now?

You're a retard- those blacks incarcerated are there because they committed crimes.  Maybe China should take them in if their hearts bleed so much.

Jun 27, 2011 10:17 PM

Gasoline or alcohol fuel cell would be handy right about now

Jun 27, 2011 10:31 AM

Japan had a navy, China doesn't.

All of the items referenced in the original article are a joke...the carrier is not China's, the fighter isn't a fighter or stealth, and this drone?  I've seen better R/C airplanes.

China is great at counterfeiting LV bags, though

Jun 27, 2011 10:34 AM

they *don't* have the technology to build a stealth fighter.  Just because you say it is stealth on a press release does not make it actually stealth.  Hollywood makes great mockups too.

Jun 27, 2011 10:36 AM

you call their economy capitalist??

Jun 27, 2011 10:42 AM

...except that last time the Euro was "collapsing," the euro POG exploded

Jun 27, 2011 10:48 AM

Did I?  Idiot

Jun 27, 2011 10:49 AM

more nonsequitur bullshit.

Listen up, idiots...calling China's economy NOT capitalist is NOT THE SAME as saying that OUR economy IS capitalist.

One statement does NOT IMPLY THE OTHER

Jun 27, 2011 10:51 AM

galvanic corrosion is known from the renaissance, and cathodic protection, etc.  This type of mistake is ridiculous.

Jun 27, 2011 10:55 PM

yep.  The part that's so hard for them to get is that their silly theories actually seemed to have some merit during the growth phase.

They never considered contraction; it does not exist to modern economics.  Anywhere.  I challenge anyone to find me a discussion of it, of "contractionary monetary aggregates" and other such shit.  Good luck.

Lack of growth is considered a crisis; just today I read some article lamenting the lack of population growth, or maybe below-trend growth, in California.  A catastrophe, must be "fixed."  These idiots seem to think we can grow forever.

Jun 27, 2011 11:01 PM

this isn't correct at all.

You create a false dilemma.

Revenues have fallen; spending should too.  I'm not suggesting to pay the fucking bankers back.

STRUCTURALLY, Greece spent too much money even WITHOUT banksters!  They spend more than they produce, just like NJ.

WTF do you suppose is gonna happen after you tell the banks to fuck off?  You still think we can spend like Greece after that?  You cannot perpetuate the debt-fueled "prosperity" even if you repudiate the debt!

YES, cut police, YES cut firefighters.  They earn MORE than they are worth.  Cut all the goddamned subsidies, the crony payouts, spending up and down the board BACK to the awful dark ages of 10 years ago (when we still had more than enough teachers, firefighters, and police!!!).  AND tell the banksters to fuck off.

Jun 27, 2011 11:03 PM

you fucking stupid idiot.

You actually think that the consumer gets the benefit of lower wages?  You're a MORON.

The executives get the benefit.  After outsourcing, prices STILL WENT UP.  The difference was profits.

Idiots like you are more dangerous than either bankers OR standing armies.

Jun 27, 2011 11:10 PM

HBCU graduation rates are abysmal....sort of throwing a wrench in the works of that whole "it's because of all the white people on campus oppressing them" that they use to explain the same lousy rates at PWUs

Jun 27, 2011 11:17 PM

wth...flooding is how the farmland GOT THERE.  How do you people suppose floodplains are so fertile???

Jun 27, 2011 11:56 PM

I thought it was La Cosa Nostra, Nuestra Familia because they sure as shit have acted like it

Jun 27, 2011 11:59 AM

Austerity is coming for nonproducers no matter what.

The Greeks think they can keep living the good life on the back of Euro strength provided by others- wrong.  This is what Germany knows.

Those who lent the greeks money are idiots and the greeks are idiots.  Their failure is inevitable.  Greece's currency and economy should more resemble a banana republic that would match their work ethic and productive base.

Jun 27, 2011 11:59 PM

bruh...gold had value before oil existed.  Bitchez like it...it's shiny and yellow

Jun 27, 2011 4:42 PM

oh; I agree...the F22 weapons only have relevance against other topline fighters.  We never pick fights with those guys

Jun 27, 2011 4:44 PM

If anybody here ever did imply such a stupid thing, I'd call them an idiot too.

However, if they mentioned the rather strong correlation between the two (same cause), then I would point out that they were correct, BECAUSE THEY ARE.

Jun 27, 2011 4:46 PM

ROTFL...the state of China's technology is inadequate to produce a stealth fighter.  Clear?

Jun 27, 2011 4:49 PM

So you're saying more people are atheists now?

Jun 27, 2011 4:49 PM

Is your statement intended to imply something about recidivism among violent offenders?

Jun 27, 2011 7:05 PM

yes, they are completely fucked and should not in any way be permitted to do this loan deal.  MS will create the capital from thin air and then take ownership of the NJ Capitol upon the inevitable default.

How about fucking CUT SPENDING back to where it was in those dark ages of like 10 years ago?

Jun 27, 2011 7:16 PM

they don't even need the Bernank anymore for bullshit lending because they have no reserve requirement.

Bernank is the only one who expects no profit from his lending operation, however.  The bankster shylocks want their pound of flesh

Jun 27, 2011 7:21 PM

why are you calling out only the areas with large black populations?  You a rayciss?

Jun 27, 2011 7:33 PM

how much did they cut it by, 1%?

It needs to be cut dramatically.  YES, the holy trinity of teachers, firefighters, and police will have to take a pay cut like EVERYONE ELSE IS.

Maybe then they can focus their anger on the class of people not getting a paycut.

Gov't spending absolutely exploded in the past 10 years...since the .com bubble, it has gone apeshit.  Now, times are not booming anymore; it is time to tighten the belt.  They refuse to do anything substantial.

Jun 27, 2011 7:33 PM

too bad you didn't invest in a portable bugout ranch.  Oh wait, there is no such thing

Jun 28, 2010 1:01 PM

I'll put in 20 if i get to hit it first

Jun 28, 2010 1:05 PM

"Standard economic models predict that a decrease in real interest rates causes faster credit growth,"

This is IT.  The lynchpin of what is wrong and why economists are saying "this stuff is really hard."

Their basic fundamental models/premises/theories have been falsified in front of their eyes and they don't know what to do.

1) Decreases in real rates are NOT caused by banks.

2) Decreases in nominal rates in a contractionary climate will not lead to credit growth.

Problem is that nobody understands (1) and nobody EVER bothered to consider (2).  It's never really been studied as to wtf to do in a contractionary climate.  Mother nature is batting, and she's up 2-0 in the count.

Jun 28, 2010 1:09 PM

Wrong.

The reality is that it's ALL IRRELEVANT.

We have left the world in which the opinions of ANY of these economists matter!  High rates low rates, it's ALL IMMATERIAL.  It won't change a fucking thing.  The real world is NOT YIELDING, who cares what men want to charge as "interest"?

Every single economist was trained to model growth climates.  We are no longer in one.  They will resist and deny this admission because it means that the knowledge of 100% of them is useless and that bankers' products are no longer needed.

Debt only works in concert with growth.

Jun 28, 2010 1:13 PM

This is just idiotic..."tackle"?? WTF are global leaders gonna do to TACKLE the fact that the earth, for the first time in history, has decided to yield up less net oil barrels per day than the year prior?

Jun 28, 2010 10:57 AM

See, I studied engineering.  Consequently, I have always laughed at economists.

The economists think economics is hard because THEY CAN'T FIGURE OUT WTF IS GOING ON.

The world is defying their models and forecasts.

Jun 28, 2010 11:04 AM

The economists are clueless.  Everything was sort of working so well until a few years ago.  Now, reality seems to be upside-down, all their models and math and all of it that they spent their lives "learning" appears to be wrong.

So it must be HARD STUFF, huh?  Because if THEY don't have a fucking clue, NOBODY could.  Right?

I GUARANTEE you that if I went into a roomful of them and described the energy theory of economics and how growth has ended and peak oil and all of this shit, that NOT ONE would accept it.  Even among those who could understand it, they would REJECT IT because it does not conform to their orthodoxy.

Then they would spend the rest of their careers trying to figure out why their stupid models weren't working, when that question had already been answered.  Their models have been mooted, obsoleted, invalidated, by a phase change in reality.

Economists are like people trying to use the same compass when the magnetic poles have flipped.  They continue to INSIST that this way be North when everyone with a brain can watch a sunset and tell them they are wrong.  They cannot accept the fallibility of the "school."

Jun 28, 2010 11:14 AM

Money lent at interest is not the problem, it's when MONEY IS debt.

People seem to be unable to grasp that "interest lending" is NOT COEXTENSIVE with a debt-based monetary system.

Debtmoney is not this ancient institution that we've never lived without.

Jun 28, 2010 11:56 AM

Margin calls...for what? 

People will need to trade things for gold, sure.  WTF is your point?

Jun 28, 2010 12:10 AM

Carriers are obsolete now?  LOL

Yes, I'm sure they will sit still while a Chinese ballistic missile comes down from space onto their decks.

There are two ways naval engagements go, one where you have planes and the other where you get sunk by them.

In EVERY recent conflict, naval air power was decisive in engagements.

Jun 28, 2010 12:31 PM

Just like in NOLA after Katrina...

Maybe the Justices will be out patrolling with the NG to keep them obeying the law and Constitution

Jun 28, 2010 12:36 PM

oh you're so right...there's NOBODY here on ZH who gets that physical gold is different from paper.  Thank YOU so much for breaking this revelation

Jun 28, 2010 3:12 PM

Housing crash with rates up there.  Volume to 0

Jun 28, 2010 3:19 PM

George Bush does not like black people

Jun 28, 2010 3:23 PM

you're right of course.  Oil production can grow forever!!!

Now go fuck yourself.

Jun 28, 2010 4:12 PM

Gold supply peaked in 2000...for only the ZILLIONTH FUCKING TIME.

Is nearly everybody ignorant of Peak theory?  Or what?  The rise in price is consistent with a commodity whose production supply is falling.

Jun 28, 2010 4:18 PM

He sold them BEFORE the ruling, dumbass...a FAVORABLE ruling, no less.

And it was a lousy 15k...who gives a shit?

The legal decision was SOUND anyhow.  The government is NOT empowered to SHUT an entire industry down on account of one mistake by one participant.

Jun 28, 2011 10:12 PM

Idiot Abroad went to China and I didn't see anything there that resembled modern

Jun 28, 2011 10:21 PM

Sino-Indian War?

Just how ignorant ARE people these days?  You probably didn't even know this conflict ever took place.

Jun 28, 2011 11:39 PM

exactly...fuckem

Jun 28, 2011 3:46 PM

the Dems do have a monopoly, however, on race baiting politics.  For that, they should die first, followed immediately by the Repugs

Jun 28, 2011 3:47 PM

that sound you're hearing is that of insiders using stock options to translate directly into cash via the buybacks.

It's profits going DIRECTLY to management.  Each and every one of those companies should have paid that cash to OWNERS.

Jun 28, 2011 6:16 PM

why the fuck not?

Most of these execs have gifted themselves the majority of their insane pay packages in shares, so that they will be "invested and incentivized" and all that bullshit.

This is their salary.  Why concentrate your wealth position in one company? 

Jun 28, 2011 6:16 PM

the gov't is going to seize equities then sell them to WHOM?

Jun 28, 2011 6:30 PM

What's a sievert or two between friends?

Jun 28, 2011 6:31 PM

Everyone will be expecting me to say don't panic, stop the hysteria and all that....but if Los Alamos catches on fire, yes, definitely panic.

Pack your bugout ranch up and carry it somewhere else.

Jun 28, 2011 6:53 PM

The Greece vote is about as irrelevant as the Transformers Movie...whether or not the Greeks vote for self-destruction is immaterial; it's coming anyway.

They've spent more than they produced...if the banksters take a haircut, it won't matter; austerity this way comes nonetheless

Jun 28, 2011 6:55 PM

I took it to mean the core melted back up, and then refroze into pristine fuel rods.

See, when I said don't panic, I meant it.

Jun 28, 2011 6:56 PM

we have pavlovian PC types right here who demonstrate that every day

Jun 28, 2011 7:12 PM

all of that is institutional now.  The system is its own emergent phenomenon of apathy and greed.  People go in with principles and the machine spits them out.

An individual fish behaves differently than one in a school

Jun 28, 2011 9:08 AM

economists don't appear to treat rising prices as evidence of inflation

Jun 28, 2011 9:13 AM

JFC...savers?  Where do you think the interest comes from to pay your coupon...magic?

I love how you "savers" think the CBs are cheating you of your due when there is nobody out there who can generate a ROI sufficient to pay your stupid coupon.

The CBs are following the market; there's no demand for credit.  Nobody is lining up out there to borrow your "savings" and pay you the interest rate you think you're entitled to.

Jun 29, 2010 4:48 PM

Original, bitchez

Jun 29, 2011 1:05 PM

not all fascists are the same, dude.

Some of them are very strong ideological nationalists, like Hitler was.

Obviously, with Simon & Schuster writing the history books and Warner Bros, MGM, etc. making the historical movies, you get only a tiny slice of the picture and told from one particular, very narrow viewpoint.  And this becomes the historical narrative.  Upon complete examination of the facts, everything is not so cut-and-dried.  From another person's perspective, what occurred was driven by a desire for ideological purity and moral clarity.

There are vast differences between Stalin's brand and Putin's brand.

Jun 29, 2011 1:07 PM

why in the hell do you people CARE SO MUCH about what you think other people think of you?

People who concern themselves with JUNKS are by DEFINITION sheeple.  You are here for truth and debate or you are here for group affirmation.  If the latter, then you are a lemming, a sheeple, one of the herd.

I have never noticed how much a post is junked until someone comments about it.

Jun 29, 2011 1:08 PM

they didn't shed a single tear of remorse for the tribes they utterly annihilated?

Jun 29, 2011 1:10 PM

and know what?  Your standard of living benefitted from all this.

The US has been poised for collapse on account of our massive trade deficit and underproduction for the better part of 4 decades now.  Only chicanery like this keeps us living in luxury.

As a nation, we scammed the rest of the world.  We all have been living larger than possible due to the FRN Reserve hegemony our entire lives.

You people who think that if we just "get rid" of all this stuff, life will be cool and there'll be no thieves...get serious. 

Jun 29, 2011 10:56 PM

ahem...I was the one who suggested that China would become a surrogate dollar liquidity provider with their war chest.

They are undeniably in league with the FRB

Jun 29, 2011 10:58 PM

ahem...I was the one who suggested that China would become a surrogate dollar liquidity provider with their war chest.

They are undeniably in league with the FRB

Jun 29, 2011 10:59 PM

ROTFL...yeah paper means so much.  Can't just print up paper

Jun 29, 2011 11:21 AM

who cares about junks?

People seem to believe that if we "just got rid of the banksters," that we could then ALL live luxurious lives where we spend more than we produce.

The Greeks are facing a decline in standard of living because their std was driven by DEBT, not real production.  Just as ours is.

All the debt we have is somebody else's production; somebody else's oil, somebody else's manufactured goods.

If we repudiate, someone takes a loss...one man's debt is another man's asset.  Sure, we can claw back a lot of the kleptocracy's ill-gotten gains, but the oil we've all been burning for 40 years?  We borrowed money to buy that.  We still OWE someone, even if we repudiate the interest and destroy all the banks.

The nations of the world will figure out why gold was the reserve asset for so long; you can't cheat on the forex.  The single biggest benefit of empire to the US was the BW dollar reserve standard.  Without this...shit.  Look at our trade deficit or budget deficits.  We'd be at parity with the Colombian Peso or worse against that backdrop.

Jun 29, 2011 12:20 PM

why?  I agree on the compound interest component, but the Greeks DID actually spend all the money lent.  These loans are someone else's asset, german pensions and whatnot.

To repudiate debt means that those who lent take a loss...fine.  But the Greeks still spent the money.

Just like the homeowner/bankster dichotomy.  Sure the banksters committed fraud, but the homeowners spent the money and got the house.  Somebody is holding that loan as an asset.  Someone's principal somewhere got spent on it.  So the banksters ripped them off, our only recourse is to clawback and prosecute.  But the free lunch still ends.

Putting Chuck Ponzi in jail didn't bring the investors' money back

Jun 29, 2011 12:44 PM

wtf...you just called age, race, and sex superficialities?  Are you stoned?

Even if your ass is PC as hell, you cannot see sex as a superficial difference between people unless you don't know the fkin meaning of the word.

The sexes are different.  The races are different.  The ages are different.  Each has its own strengths and weaknesses and individual attributes.  These are not superficialities

Jun 29, 2011 12:57 PM

No, not yet.  Fascism is what comes after the crash when the strongman has to right the ship at the point of a gun.

Putin, Hitler, FDR; they all came about as a result of the same incipient circumstances.  If you're lucky, the strongman puts a lot of shit right.

I mean of course Hitler was totally irrational and is the gestalt of insanity but he righted the Germany economy, purged the kleptocrats, and reestablished some sense of order.  I mean just the other day, someone posted something from Mein Kampf where he was speaking about the shameless mendacity of politicians.  Surely, this must have been ghostwritten because it was totally on-point and actually correct in its analysis.

Putin did the same thing after the USSR's collapse, and FDR in the USA.  Now, you may not like some of the things any of these guys did, but judge them in juxtaposition with what led to their rise.

Jun 29, 2011 2:27 PM

it really doesn't matter when everyone is in decline who the "swing producer" is.  Russia is no more or less significant than KSA at this point.

The nations now significant are whoever is a net exporter and by what margin

Jun 29, 2011 2:52 PM

how about the States like Maryland that passed in-state tuition bennies for illegal aliens?  Legal resident of Virginia?  Fuck you.  Illegal alien?  Yeah, come on in.

The people are so pissed they are putting it onto referendum.

Jun 29, 2011 3:11 PM

you're anglosaxon?  Our tribe is in suicidal disarray.

If you dislike Lebron James now, apparently you are a rayciss.  There is no reason for someone to not have voted for NeObama than raycissm.  Only raycissm prevented him from getting 100% of the vote- that includes all the motherfuckers who didn't even go in to pull a lever.  They rayciss too.

And there are actually a lot of punk ass belly crawling WASPs who believe this shit.

Every failure throughout history of any non-wasp is rayciss and the fault of wasps.

U got a well-organized tribe with all the money sitting at the top and a VERY clear sense of their own manifest destiny as the chosen of God.  Dislodging this requires brutal ethnic cleansing.  Their own holy work mandates that they treat you as an inferior outsider and do everything they can to fuck you over and take what you have.  How the hell do you go up against this without matching brutality?

Jun 29, 2011 4:38 PM

take a look at where the post-USSR hyperinflation oligarchy fled to after the Putin putsch.  The difference was he didn't expel beyond the top layer.

Jun 29, 2011 4:47 PM

you know better than this. The shit that led to the case was political hack in the 3rd degree.  Congress could have revoked or nullified Marbury, but didn't.  Instead, they revoked the Act that led to the case in the first place.

Ironically, it was a Federalist who lost in that case and in the Federalist Papers, Hamilton argued for judicial review.  In fact, most of the delegates to the Convention agreed with this principle as it was well-established prior in ye olde Englande.

The Statute conflicted with the Constitution and was therefore void.

Jun 29, 2011 4:51 PM

I was holding the record until TD raised the junkoff threshold and Hamy hit one into the cheap seats.  I still think I may have the quickest junkoff but you've got asterisks now because the threshold is a moving target.

Just say something anti-establishment.  Yes, this place has an establishment.  Lots of people here are sheeple and they will respond to you the same way as sheeple do out in the world, with ostracism.  Because they cannot defeat you in argument, they will just meekly register their objection by "shunning" you with a junk.

It's a natural part of group dynamics even among supposed "freethinkers" that there is a consensus opinion.  It seems to be an emergent phenomenon among humans.  A social "system" forms and it has its own orthodoxy.  There are those who run around like sheepdogs trying to enforce it and there are those like me who don't subscribe to group orthodoxies and the sheepdogs bark at me.  And I just laugh with derision.

This phenomenon is probably an evolutionary adaptation.  Those who express and conform the orthodoxy among others had higher offspring survival rates and the trait reinforced.

Jun 29, 2011 4:56 PM

you're full of crap; most people will TURN AWAY and persist in denial even when the obvious is trying to pry their eyelids open

Jun 29, 2011 5:03 PM

I'm a true believer now.  Only white people do anything wrong and everything bad that ever happened to anyone is white people's fault.

Everyone else is distilled purity.

Jun 29, 2011 5:06 PM

in retrospect, isn't that the most fucking absurd thing that's pretty much ever happened?

All those who have the self-hating YT guilt, do us a favor and commit suicide...you are anyhow.

Jun 29, 2011 5:10 PM

so you're from one of the countries where he was worshipped by hordes of dipshits and/or who gave him a fucking Nobel Peace Prize?

You're even stupider than I thought.

Jun 29, 2011 5:13 PM

a country looking desperately for a numinous negroe?

Jun 29, 2011 5:20 PM

Obama's failure is clearly the result of whitey rayciss's

Jun 29, 2011 5:21 PM

Obama is BLACK y'all...he black...he blackity black and he black.

WTF more do you need to know?

Jun 29, 2011 7:00 PM

he's going to go after his donors?

Jun 29, 2011 7:03 PM

I write and routinely make no grammatical or spelling errors.  Hell, if you read commentary on UK news websites, you'll notice that the proles there also manage to do the same.

For Gaythner to release something containing such errors is ridiculous; he has, afterall, legions of secretaries and proofreaders at his disposal.

Jun 29, 2011 9:09 AM

sure.  Supposing they decided to tell the banksters to GFY, they still spend more than they produce.  Austerity of some sort is inevitable, it's only a matter of whether it comes with interest or not

Jun 3, 2010 1:07 PM

This isn't accurate.

What has been achieved is collective Point of Recognition that growth has stopped and will not restart.

All is driven from energy inputs, which are declining now.

Consequently, nobody is lending in the aggregate and all debts are being discounted to reflect improbability of full NPV.

Credit will still exist, but the notion that it can be supplied without regard to specific repayment circumstances is over.

Debtmoney is borrowing against the future, with interest.  The future under such a system MUST represent a growth in production from today.  As soon as this prerequisite appears falsified, deleveraging must occur in an eventual mad scramble to get out without a loss.

The debts our very money is based on are unpayable.

Jun 3, 2010 1:11 PM

You're missing the point.

Ben *cannot* affect the real world with his credit engine.  All he can do is change the nominal value of the FRN.

He cannot restart lending because there is nothing to DO even at ZIRP.  Japan should have taught EVERYONE this.  The liquidity trap exists ONLY WHEN aggregate economicality of a region itself hits zero!

Japan's ZIRP went into a massive global carry trade, because other places WERE economical while Japan was utterly saturated and of negative ROI.

The paper our system is built on is itself a debt which cannot be repaid because the future now no longer holds growth.

At its lowest level, money is a claim on use of energy.  Debt is a promise to provide more energy in the future than now.

Jun 3, 2010 1:13 PM

It doesn't matter.

There is zero probability that the USA can repay debt plus interest even at 0% because the future is one of LESS production.

The FRN will vanish in a hypernova.  This is or should be the sole reason to buy all the real things for trade that you can now while the FRN still stands.

Jun 3, 2010 1:16 PM

yeah, um...gold just fell off a $20 cliff.

 

Jun 3, 2010 1:19 PM

Debt, as we know it, or "money," take your pick, is retreating from the reaches of the earth to its source.

It's flooding out of developing economies and repatriating to the carry sources, Japan and the US.

Oil at these price levels (reflecting decline in supply) is slowly strangling the last vestiges of marginally economical activity in the BFE countries of the world.

The low-hanging fruit is all gone.

Jun 3, 2010 1:21 PM

Ironically, the rate regimes in various nations were intended to INVITE a carry trade to bring credit into their economies.

They welcomed being the new South Seas.

This will be their undoing now as the fictitious capital all sloshes back out.

Jun 3, 2010 1:26 PM

Agree with what you are saying, however, the USG has the worst debtservice problems WRT a strong dollar of any entity on the planet.

The discontinuity will be when the oil/dollar peg is broken.  It cannot be maintained because of the growing need for dollar supply to service the compound interest on existing money against the reality of a decline in oil production worldwide.

There is literally no way out of this from a mathematical perspective because interest rates don't control oil flows.  Wells produce and peak at ZIRP just as surely as at 5%

Jun 3, 2010 10:52 PM

Silver supply hasn't peaked yet.

Gold peaked 10 years ago.

Anyone who thinks a commodity in supply decline is going to see a material decrease in nominal price isn't playing with a full deck.

Note the point at which gold's price began its climb, coincident exactly with the year in which supply peaked and began its inexorable decline.

Really, there is no bull market in gold, there is merely diminishing supply and there's nothing that can be done to stop it.

Jun 3, 2010 10:54 PM

bull run?  WTF are you talking about?  There's no bull run in gold.

All there is is a progressive and inexorable discounting of NPV of debt, which the FRN is a type of.

Gold is a reserve asset and there is PLENTY of paper out there even trashier than the dollar that will be converted into it.  Even if Indian or Euro demand wanes, SO IS SUPPLY.

Jun 3, 2010 11:02 PM

If you believe that then you don't understand the nature of debt.

Debt has an interest component.  If the money supply does *not* expand, then interest claims begin to exponentially become a larger and larger share of the eating away of the aggregate monetary base.

Without *additional* lending at beyond the prevailing interest rate, the money supply death spirals.

It would behoove EVERYBODY to understand what we who speak of this mean by it.  ONLY growth in credit can prolong the system and it is *required*, not optional.

Austerity means a monetary collapse.  Via deflation.

The ONLY way to stop this if credit cannot or will not grow is via brute force devaluation.  In the end, the deflation and inflation arguments end in the SAME PLACE.

That is why I do not understand why people fight over this.

Jun 3, 2010 11:21 PM

Ok...there are several points missing in most commentary here.

The first is that we are in the midst of monetary deflation.  The metrics show this as inarguable.  We are facing an inescapable deflation spiral caused by the fact that as outstanding credit goes away via repayment/default, the compound interest component of existing debt places an exponentially increasing parasitic drag on the money supply.

This is an easy situation to illustrate:  You have borrower A borrowing $100 at 5% simple interest for one year from bank B.  The terms of the loan specify that ONLY dollars may extinguish the debt.  The loan is in functional default as soon as it is made UNLESS another borrower expands the credit/money supply to account for the need of $105 at EOY1.  A must roll his loan, but in doing so, he creates a compound interest obligation which eventually requires interest payment of the ENTIRE $100 after sufficient years.

Yes, it really is this simple.  The government is fighting the urge of the system to deflatively collapse by borrowing money from the Fed (QE) that can only be repaid by rolling ever-more credit, geometrically.

This system worked so long as the aggregate system had growth, more productive output, more people doing more things, all requesting more creditmoney to do it with.

That is the deflation aspect.

On the flipside, what appears to be inflation is not monetary in nature.  It is as a result of DIMINISHING real supplies of energy and declining EROI.  The return on energy invested is astoundingly LOWER now than it was 100 years ago.  Energy supplies we are exploiting are requiring more energy invested...the net return on energy invested is lower.  This means that there is really less energy for more people to try to do more things.

Against this backdrop, the physical supply rates of various commodities are at or have already peaked.  Gold peaked in supply in 2000.  Helium in 2002.  Oil crude & condensate made a peak in 2005, with an all-liquids peak in 2008.  All-liquids is a bit misleading because it includes nonconventionals and shit like ethanol.  But what most people *do not* know about things like tarsands, is that they require massive amounts of NG to be burnt in order to mobilize the bitumen and massive mining and processing facilities to turn it into oil.  The necessary implication of this is that these reserves return far LESS energy on energy invested than do the old conventional fields.  Biofuels may in many cases be net negative in EROI.

High EROI fields were the first to be exploited, high ROI gold reserves went first, high ROI *everything* went first just as the first apples to be picked from a tree are the *lowest* hanging fruit.  Now that fruit is all gone.

We are in system facing terminal supply decline in a number of critical commodities.  Silver, too, appears to have met a production plateau.  What this is telling us is that growth has stopped.  We cannot mine more gold than last year, pump more oil than last year. 

So, less people will be doing less things.  This means deflation in credit but at the same time an increasing climate of *scarcity* of essential physical commodities.  Things which are *not* in supply decline, such as houses or cars, things conjurable into existence via manufacturing, WILL decline in price.  Things NOT conjurable will not.  Any commodity whose supply rate has peaked will hold ground, those whose supplies have not peaked will lose it against a "scarcer" dollar.

This is the source of the paradox we see.

Jun 3, 2010 11:32 PM

I dunno why you'd want to hang Austrians, Steve.

Nothing any banker can do will reverse an oil well once it passes peak.  This immutable fact is wise for everyone to make peace with.  The laws of physics rule.  Mother Nature bats last and she can read your pitches like she hacked into your brain.  They're going into the cheap seats and there's nothing you can do to stop it.

Your hard dollar concept is an interesting theory with one inescapable conclusion:  as oil supply declines, the amount of dollars in supply must also decrease for the hardness to be maintained.

This is at DIRECT odds with the funding needs of heavily indebted entities such as the US Gov't.  Deflation will destroy them.

Debt, as an institution, has reached an inflection point.  Life is now in backwardation, real things now trade for a higher real price than promises of the same things in the future because the future holds less things.

At some time in the not-too-distant future, a collective Point of Recognition will be achieved and debt-based monetary systems will spontaneously collapse.  This will be the hyperinflationary event, essentially a repudiation of all confidence.  The government may very well need from a balance-sheet perspective to do what FDR did, and effect a brute force devaluation, revaluing the oil peg as it did the gold peg in 1933.  It will be of no avail.

Nothing can stop oil supply from declining once Peak is hit.  The only way to restart growth is for a new, growable energy supply to be discovered, such as sustainable fusion.

But for those gloom & doomers planning to barter ammo, just remember, life goes on.  Find some meaning within yourselves that does not revolve around money.  Like Christianity or not, Paul was correct.

Jun 3, 2010 11:35 PM

Why do the economists seem like fish out of water?

Because they are.  They don't understand the nature of their own product, debt.

Debt-based money is its own systemic risk as a matter of basic mathematics.

Jun 3, 2010 5:50 PM

I get a big LOL out of this shit.

We are staring at a potential production CLIFF and these mfers are bleating about "green" fucking energy...hahahahaha.

They are going to drill in ANWR and everywhere else they can once the grinding effects of decline begin to manifest in earnest.

Jun 3, 2010 7:12 PM

He said he wanted to nail her, not keep her.

Jun 3, 2010 7:22 PM

who was it who said that jews straight out hate?  Some jew said that, don't recall who.  Even Ariel Sharon said jews can barely stand to live with each other.  Squabbling, hyperaggressive tribe...

Jun 3, 2010 7:24 PM

It's a DEAD cat...how do you know it didn't already die of old age??

Dead anything is dead, just an inanimate object

Jun 3, 2010 7:38 PM

Physical audit plz

Jun 3, 2011 10:15 AM

the joke in chief has been having the BLS fix the numbers more aggressively than ever to get headline below 10%.

He's looking at having to face "wtf did you do for 4 years" in 2012

Jun 3, 2011 10:19 AM

supranational "free trade" benefits the supranationals.

Everybody should know this by now.  Trade protections were so workers could have decent wages.  Now only those awful socialist nations have them.

Jun 3, 2011 10:25 AM

...and with it the life savings of certain silverbugz who were warned.

Jun 3, 2011 10:27 AM

great setup for the "are you better off than you were 4 years ago" line

Jun 3, 2011 10:29 AM

don't forget carbon credits.

Who was it, NY is suing some other state or something to try to recover from the "greenhouse gases" that power plants in that other state generate.

Of course, global warming is assumed correct, it's assumed caused by CO2, and the damages to NY I guess must just be assumed because, well, global warming is simply awful.  We all saw those movies, right, with the big waves and sudden ice ages and shit.

Jun 3, 2011 11:16 AM

...wish I could agree, would love to short the CREITs to their true valuations.

But I am looking at SPG up there at 114 and not really seeing the "signs" of cracking quite yet.

Jun 3, 2011 2:20 PM

The Indiana case is puzzling as to why they even thought it was their job to define the scope of the 4th Amendment...they do not have the power to decide this for Indiana or for anybody else.

Jun 3, 2011 3:34 PM

little slow on the uptake, huh?

Jun 3, 2011 3:40 PM

the party system works like this. 

Party A puts out a bunch of shit in the primaries.  Their nominee becomes shit.

Party B does the same thing or has the incumbent.

You end up with an election between dogshit and horseshit.

And people actually cheer and lock themselves into this false dilemma.

Jun 3, 2011 4:20 PM

so, wait...the debt ceiling isn't till August now???

Jun 3, 2011 4:20 PM

amazing is how ECB's QE seems to be euro-positive.  Perhaps there is something lurking beneath the bushes on this

Jun 3, 2011 4:22 PM

the USG is also such a rat, and it is far larger and hungrier than GS

Sometimes the confettiers don't win

Jun 3, 2011 4:24 PM

...as opposed to losses of greater than that MONTHLY in men, materiel, fuel, and related equipment in these wars we run?

FY11 has these two at budgeted cost of $170B

Jun 3, 2011 4:26 PM

you want another Holocaust?

Jun 3, 2011 4:32 PM

how about the quote of Hitler in Mein Kampf...Hitler was giving his recitation of what was wrong with his present system, from a jail cell.  And he clearly appears to have been right.

Are we now to say that Hitler was not an unalloyed madman??

Jun 3, 2011 4:36 PM

we cannot legislate nature.

Everyone is not equal

Jun 3, 2011 4:39 PM

bullshit.

There are 44M on foodstamps.

These people are ALREADY hurting.

There are no riots and no killing among the vast american middle class.  Perhaps it's time to just accept that poverty isn't the cause of violence.

Jun 3, 2011 4:39 PM

quoting Adolph Hitler?

Is Krieger stupid enough to think that Mein Kampf was from the Goebbels era?? 

I was taught that Hitler was distilled insanity, yet his commentary on the state of affairs seen outside his jail cell is now to be taken as prescient?

Hitler wasn't talking about what he was going to DO, he was talking about how things ARE.

Jun 3, 2011 8:47 AM

yep; disastrous number.

the economy is structurally fucked and so is the government's fiscal position

Jun 30, 2010 10:08 AM

Uninspired, bitchez

Jun 30, 2010 10:15 AM

Look for the yellow smiley w/ the middle finger; I have talked about the Carioca field many times.

Yes, PBR is going to be going significantly deeper than Horizon.  The water depth there is another 50% higher, and the rock depth is another 50% higher.  PBR has a test well to the reserve already.

The people talking about BP's well as if it is something spectacular are ignorant.  I mentioned this the other day on a similar oil thread.  Andarko is producing at greater depths in the GOM already.  They have a NG field in production at 8900' of water.

There is/was NOTHING out of the ordinary about BP's well or strategy.  It's just that the common man is utterly ignorant about oil production.  They hear 1 mi of water and 2.5 miles of earth and they think OMGWTF why is anyone going so deep, it's unprecedented, it's so dangerous.

Reality check:  it's not.  It's common.

Jun 30, 2010 10:28 AM

I agree with this...if some of the casing was blown out into the BOP, it would have been near-surface casing.  A bottom-kill operation should still succeed.

Jun 30, 2010 10:39 AM

Read old literature.  It was common for most to be unemployed; this is how I know things to be in foreign countries.  One or two people take care of the entire family.

If someone can get a govt job, they are considered a prize and can support far more people.  Prices were high and living standards very low.  Read Crime & Punishment, it's a great look at how employment, living conditions, and expectations were in a climate of relative scarcity.

It explains a lot of the differing perceptions of women and their mate choices in terms of foreigners vis a vis american girls.  Scarcity and the need to make compromise versus abundance and princess mentality of entitlement.

Jun 30, 2010 11:41 AM

Americans could not comprehend foreign military bases on our soil

We have these all over the world; OUR military forces are occupying others' territory.

Imagine a chinese military base in your state.  With Chinese soldiers out and about and protected by your gov't, operating sometimes above the law.  Now imagine also a foreign aircraft carrier off our coast...in sight of you sitting on the beach.  With total air and naval superiority over you.  If they want to bomb you on the beach or attack suddenly, they have the means to do so.

THAT is how others see us.  Our military posture is VERY aggressive.

Jun 30, 2010 4:24 PM

I guess he better get busy scheduling more eBay auctions for lunch with him

Jun 30, 2010 5:31 PM

I think I said, in 2003, that when the Fed loses control of the POG, it is all over in a heartbeat. 

Yes, they will defend to the death.  Recall that in the late 60s, France attacked the Gold Pool and the BW accord and tried to reestablish a gold-backed currency.

Being actually OFF the gold standard at all is a 40-year experiment.  We read in the history books about these things where currencies go to 0 in one paragraph.  Problem is that paragraph stretches over a half-century sometimes.

Jun 30, 2010 5:34 PM

Agree.  It's not as if an attempt to go back on gold hasn't occurred since the Fed.  Late 1960s France.

We collectively attacked their currency and even perhaps went so far as to foment revolution.

Jun 30, 2010 5:36 PM

The NEXT DAY, the House of Saud falls.

Why do you guys really think we have all those bases there?

We will enforce the petrodollar at the point of a gun if we have to.  We will march across any nation that tries to use another currency for this commodity.  In fact, we already have.

We will defend THIS until we can no longer do so, even to the point of "crashing the world."  We will try to ensure we are atop the resultant heap.  That is the mentality.

Jun 30, 2010 5:37 PM

It appears only Douchinger is selling

Jun 30, 2010 7:11 PM

LOL...sorry, don't play Call of Duty.

"Brush up"???  You mean the type of stuff the soldiers who will enforce martial law are practicing every day and have utilized under live fire weapons free?

Jun 30, 2011 2:48 PM

no, I don't remember their saying that all is well.  Those are words you put into their mouth because they weren't running around calling for the end of the world like you were

Jun 30, 2011 2:50 PM

these tend to weed themselves out if they confer selective disadvantage

Jun 4, 2010 1:07 PM

But...but...Douchinger said you were WRONG and that gold was just a doorstop!!!

And he writes his "tickers" as if Obama is reading them

Jun 4, 2010 1:13 PM

Nice TEOTW trade headsup for us.

Flight down the reserve currency ladder.  First from periphery currencies that are carry targets.  Into euros..then from there into what underlies those, yen, dollars.  Carry trade unwind.

But now we also see from the euro unwind something interesting.  They're not flocking to paper, they're going physical.

ALL deflationists...well, hell, I'm a deflationist too because of math, but ALL anti-gold people or paperbulls need to pay attention to this break in previous trends.  The flight is now ending up in real reserve assets.

I told people a collapse of the euro is not ultimately dollar-positive.  You can't lose a de facto reserve and unwind a major world transactional currency which was even being used for oil in a few bourses without everyone looking at other paper and going hmmm...

Especially when what's causing this is a SOLVENCY issue.  Not like the FRN zone is solvent either.

Jun 4, 2010 1:15 PM

Drop WRT what, other declining debtmoney paper?

Assets *not* requiring growth, those which have value mostly independent of it for whatever reason, are rising vis a vis assets that are backing unpayable debts or which require growth rates to be maintained.

Jun 4, 2010 1:37 PM

Silver production hasn't peaked yet.

Gold's peak is very mature, Ag looks to be plateauing, but we haven't seen sustained production declines yet.

Jun 4, 2010 1:38 PM

Oh, come ON...wrong answer, man.

It's because currencies ARE commodities too.

Jun 4, 2010 1:42 PM

Don't tell Douchinger, because according to him and his tickers that he writes as if Congress and Obama are hanging on every word, gold can't be exchanged for much of anything conveniently.

All currencies are also commodities...same supply and demand forces act on them.

Jun 4, 2010 1:50 PM

I can't afford gold so I am just buying Depleted Uranium

Jun 4, 2010 1:51 PM

If your daughters are hot, I will feed them

Jun 4, 2010 1:53 PM

My TA suggests that there is very strong support at 0.00

Jun 4, 2010 1:54 PM

dl

Jun 4, 2010 10:21 AM

We have entire voting blocs who've been convinced by 30 years of feel-good revisionism and affirmative action that they are at parity with those who really actually scored far higher.

Jun 4, 2010 10:23 AM

Jubilee leads to war

Jun 4, 2010 10:27 AM

What's he waiting for?

JFC, man...you guys act as if the apocalypse is unfolding RIGHT NOW on your doorstep.

Fuck, during the 1000pt flash crash, NOBODY I worked with even KNEW what had happened.

And I looked outside, the power was still on, water still came out of the faucet, and people were actually still buying houses.

Things aren't as DIRE as everyone continually SAYS they are.  The MATH on the balance sheet is dire, but in the real world?  JFC, we STILL consume 18mbpd of oil per day against 82mbpd global production.

There's PLENTY for us.  It's just not growing.  GD, life goes on after growth stops.

Ben will do raw printing when the government forces him to.  If it comes between deflation destroying the USG and the Fed, BB will be replaced with someone more pliant.

Jun 4, 2010 10:35 AM

This is just deleveraging as emerging economies' economicalness inflects below prevailing interest rates.

Hungary is like a backwaters oil well or gold mine...you only try to pump it once you've depleted the lower-hanging fruit.  And it never was as profitable as that earlier fruit...ROI is necessarily lower.  And it saturates and peaks quicker.  The dollar system is just capping and abandoning marginally economical economies.  That's all.

The dollars are needed for interest to the Fed and member banks.  Interest is now sucking dollars out of the world.  The consumer is the one who borrowed the dollars into existence and they found their way into Hungary by various routes.  But, now that the consumer isn't borrowing in increasing amounts, dollar creation is in reverse.  But the interest on all the debts remains and must be serviced via dollars which aren't increasing in supply.

CURRENCIES are supply and demand instruments.  They are not MONEY in the absolute, they are commodities, albeit based in debt.

The Fed needs to find ways to get those dollars out there but they can't do it by lending because member banks realize there are no good longterm credit risks because the aggregate system is now in contraction.

The Fed will end up having to BUY dollar debts or liquify foreign entities at some point because we ARE the reserve currency.

A decline or relative scarcity of reserve assets causes deflation; this has been seen with gold on several occasions.  Dollars are declining so money supplies levered atop dollars must also.

Jun 4, 2010 10:37 AM

Wrong.

It was USA Peak Oil in 1970.

Supply-side was a *reaction* to that.

Jun 4, 2010 10:49 AM

And here I see an ad referenced on TF where they say "NO UNEMPLOYED CANDIDATES."

And everyone over on TF is cheering it...Douchinger too.  None of them would hire someone unemployed. 

WTF, do these people hate EVERYONE?  It's like they desire for everyone to get shit on.  First it's cut those UE so these people will be "motivated" to find work that doesn't exist, then "yeah, I wouldn't hire an UE person either."

A bunch of would-be slumlords led by a guy who made his money in the .com bubble.

Jun 4, 2010 11:35 PM

There's no oil anywhere else.  Just make peace with that.

We have ANWR still there and offshore stuff.  That's pretty much it.

Stayin long anything on the surface.

Jun 4, 2010 11:43 PM

They'll crush you.

Dunno if you've seen the weaponry the US military has, but it's pretty impressive.  And they have few qualms about lighting up a crowd of people with 20mm cannon from 2km away.

 

Jun 4, 2010 11:51 PM

Yes because it was clearly the BP execs manning that rig and doing the cementing job.

God DAMN those oil companies for trying to deliver a product that people DEMAND they get or else riot over.

Jun 4, 2010 12:13 AM

Fuckin laugh at it.  It's not.

Having a negative reaction to something a jew does is not antisemitism.  Being opposed even to the State of Israel is not antisemitism.

It's just the race card bullshit invented by the multiculturalists through jewish organizations like the NAACP and SPLC being played to cloture debate.

Europe's reaction to all this is a little more normalized, because their public policy isn't steered by AIPAC and they don't have a veritable legion of dual-citizens in their governments.

Jun 4, 2010 12:19 AM

can't agree with this...it's a free forum.

We have junk buttons and we can remove comments that are consensus offensive.

Jun 4, 2010 12:21 AM

Was there a few years ago, got along smashingly.

Except with the Arabs on the Mount.  So, fuck 'em.

At some point, the fuckin town ain't big enough and someone gotta go.

Jun 4, 2010 2:01 PM

Rich guys date young women

Jun 4, 2010 2:05 PM

No, shorting lumber would be short, being long gold is being long.

Currencies ARE commodities.  I'll pull from wiki a convenient definition: A commodity is a good for which there is demand, but which is supplied without qualitative differentiation across a market. It is fungible, i.e. the same no matter who produces it. Examples are petroleum, notebook paper, milk or copper.[1] The price of copper is universal, and fluctuates daily based on global supply and demand.

Price ratios of commodities WRT other commodities vary according to market forces.  Currencies are commodities.

Is gold going up or is the euro going down?

Jun 4, 2010 2:06 PM

DISASTERS, bitchez

Jun 4, 2010 2:39 PM

The political, financial, and executive class INTERLOCKS almost completely.  I've been saying this for years.

They all are part of the same social clubs, all serve on each other's boards, all golf with each other, and all their kids go to the same elite schools.

How else could bust CEOs get payraises?  They sit on the boards approving raises for the executives that sit on the board giving THEM a raise.

The management culture is that failure of a company is the fault of worker class employees, never executives.  Consequently, they need to achieve more "value" out of us or reduce manpower unit costs.

There is NEVER an executive who needs a paycut...because they've "arrived" and are above that, just ask all their buddies.

Jun 4, 2010 2:51 PM

Look at the AK N Slope historical production data if you want to know what saved Raygun.

I cannot OVERemphasize the importance of oil supply.

Jun 4, 2010 2:53 PM

Raygun?  Thatcher?

BOTH bailed out by oil.  And both total jokes.

Jun 4, 2010 4:46 PM

Economists don't know about this:

bauxite (peaking in 1943), copper (1998), iron ore (1951), magnesium (1966), phosphate rock (1980), potash (1967), rare earth metals (1984), tin (1945), titanium (1964), and zinc (1969). [USGS].  Oil, 1970.

These are the peak supply dates in the US for various things.  According to economists, higher prices should have reversed this.  Yet here we are...

Lower interest rates should also make water flow uphill.

Jun 4, 2010 5:01 PM

I'm too gangster for that

and you people should NOT be junking anyone I reply to

Jun 4, 2010 5:04 PM

Are you on something, man?

If you *seriously* want to go into production levels with me, I can give you the charts.

The ratio of presence of Ag, Au, and Cu together are not fixed, doofus.

Neither is lead and U238, which has a half life of 3.7 BILLION years.  lol.

I hope you wrote that post as a joke.

Jun 4, 2010 7:23 PM

Amble on over to Douchinger's site and read the General thread about how Ericsson doesn't want to hire anyone unemployed and all of the asskissers over on TF all agree with Douchinger that no you SHOULDN'T hire one of those UE people.

Great huh?  They want to cut benefits so as to force you lazy slobs to get work NOW but agree that nobody should probably hire anyone UE anyway.  What a bunch of sick mfers

Jun 4, 2010 7:25 PM

I heard Bama on the radio today, he gave a speech sayin about how the NFP was NOT disappointing.  The economy added tons of jobs for the 4th straight month...it was HYOOGELY good.

You mean he was lying?  Or is he just basically Teddy Ruxpin and they put the "say it's good" tape in his back?

 

Jun 4, 2010 7:29 PM

I'd like to cut Dick Bove...in half

Jun 4, 2010 9:53 AM

A total debacle.

Jun 4, 2011 2:52 PM

don't ever fly on a plane or eat a banana.  God forbid a brazil nut or be exposed to the sun.

JFC, will you hysterics please STFU.

We live on a rock bombarded CONSTANTLY by this big, bright thermonuclear fireball in the sky.  Yes, it spits out copious amounts of RADIATION.  You are exposed to it constantly.

Jun 4, 2011 2:52 PM

cut the absurd, hyperbolic horseshit

Jun 4, 2011 5:38 PM

this is just garbage

Jun 4, 2011 5:41 PM

quick question...are you freakin stupid?

Jun 4, 2011 5:54 PM

5-8.

The gender wage gap is a fraud.  If you peer into the stats, you find out how.  Women are actually paid more than men for equivalent jobs.

Men's jobs pay more as they tend to be far more dangerous.  Women don't seem to like going a mile underground to dig up rocks or onto exploding platforms to provide the rest of us go juice for our SUVs so we can go sit at desks and "work."

On racial inequality, well, the races aren't equal.  Black-sounding names get lower callback rates because of people's experiences having worked with blacks.  ANY time a black doesn't get what they want, they will cry racism and potentially sue everyone in sight.  You won't find that type of disparity between asian and white names because asians aren't toxic.

As for education disparities between the races, there are massive IQ disparities which lead to those.

Jun 4, 2011 6:21 PM

Ima adjust my package and describe that because it has about the same relevance to the real world of employment

Jun 5, 2010 1:41 PM

show da pu$$y

Jun 5, 2010 1:48 PM

Frank, you need to loosen up, son.

Jun 5, 2010 3:07 PM

Stupidest post ever.

There is no moral obligation to repay a loan to a bank.

The bank never had the freakin money to lend in the first place.

Jun 5, 2010 3:09 PM

Sorry...I erred.

THIS is the stupidest post ever.

There is NOTHING WHATSOEVER morally or ethically implicated in ACTING under the terms of a CONTRACT, which SPECIFY both parties' rights under said CONTRACT.

Debt is NOT a moral obligation, it is a fucking business transaction.  If at ANY time, the bank has the RIGHT to call the loan in full and it makes pecuniary sense for them to do so, they will do it WITHOUT remorse.  Even if it causes you to lose everything you have, they will do it if it maximizes THEIR profitability.  Likewise, corporations and individuals (the rich) default and otherwise repudiate ALL THE TIME when it maximizes their outcome.

You idiots bleating about morality and ethics in debt contract law have the mentality of PEASANTS.

Jun 5, 2010 3:13 PM

No, YOU are an asshat who is ignorant of ethics.

There is NO ETHICAL IMPLICATION.

This is a matter of CONTRACT LAW.  The rights of each party in breach are usually SPECIFIED in the contract!

YOU can breach it at ANY TIME and there is NO moral obligation WHATSOEVER to repay, there is SOLELY a contractual obligation.

In fact, the bank who lent it to you really actually NEVER HAD THE MONEY in the first place!

Jun 5, 2010 3:18 PM

What was RIGHT?

You people have the mentality of PEASANTS.

Do you or do you not know that the RICH reneg on contracts ALL THE TIME.

Businesses do it also!

There are entire COURSES in contracts law in law school where you go over breach after breach after breach.

DEBT between a corporation and an individual is a CONTRACTS MATTER, not a moral obligation.

You have a moral obligation to repay your FRIEND money, but he would not lend what he did not have and then expect interest off of it.

If some person maximizes their financial outcome by breaching their promissory note, then they should DO SO.  I would say that to EVERYONE.

What is happening here for real is that all of those saying "oh you're unethical" are LYING.

You are merely JEALOUS that you did not think of this and you were a sucker and did NOT maximize YOUR financial outcome by repudiating and breaching YOUR debt contracts.  That's your problem.  Don't take it out on him because, unlike you, he does NOT have the mentality of a peasant serf.

Jun 5, 2010 3:27 PM

I see them siding with the government and following orders.

Look, man, we've seen this preview already when we see all the ex-mil pigs out there in riot gear beating the shit out of people and putting down demonstrations.

The military is full of people who do what they are TOLD to do.

Some guy just said he had a RIFLE with a fking SCOPE...omg, the military is quaking.  If you shoot at them they will put you DOWN without hesitation.

JFC, did you people not see the Apache turret video right here on ZH?  They shot up a van with CHILDREN in it...what did they say?  Was there any HINT of remorse?  Were they not salivating for the chance to fire ANOTHER shot?

Did they not light up a building with multiple Hellfires because they saw ONE guy walking in with carrying something that from 2km away looked enough like a rifle to justifiably ask for weapons free?  Not that they actually believed it to be one but it was close enough that they could SAY that they thought it was.

You're putting faith in this type of person to safeguard your rights?  The military are killers, ok?  That is what they do and that is their function.  They are not philosophers, not trained to question orders, they are trained specifically to FOLLOW them *without* question.

Their officer corps will tell them "the enemy is over there," and they will do what they are trained to do.

Jun 5, 2011 11:52 AM

who runs the media?  They don't like whites, obviously

Jun 5, 2011 12:01 PM

look at hereditary attributes that correlate highly with socioeconomic success...this is why poverty is intergenerational

Also be leery of any study which only compares "blacks" and "whites."  It's part of an agenda.

Culture comes from people, nowhere else.  People create their cultures and stupid is as stupid does

Jun 6, 2010 12:21 PM

This is just nuts...an additional tax?  In THIS economy?  Talk about counterproductive

Jun 6, 2010 12:27 PM

China's manufacturing is not even remotely the most advanced.  They have 7 of the 10 most polluted cities in the world simply because their manufacturing capacity is BACKWARDS.

And your "change the paradiggum" link was a bunch of eastern mythology bullshit.  A lot of jibber jabber

Jun 6, 2010 12:30 PM

A judge would never entertain a single concern or argument over ethics or morality in a bankruptcy court.

It's fuckin absurd a priori.  This is a contractual and black letter legal matter. 

Fuck, man, Don Trump has BKd what...TWICE already?  Bigtime stars and multimillionaires BK all the fucking time.  The difference is that they have disabused themselves of the notion that this is anything other than a LEGAL and BUSINESS and CONTRACTUAL matter.

Only serfs are indoctrinated with the peasant mentality that debt is some kind of moral obligation.

Jun 6, 2010 12:38 PM

That's bullshit.

So if you're in a roomfull of people and ONE misbehaves and the powers punish EVERYONE in the room for the infraction of ONE, that is the fault of the ONE?

Like how occupying Roman/Nazi/US forces burnt down entire villages or razed Fallujah over acts by a tiny few individuals?  Punish EVERYONE huh?

You have the mentality of a serf.

If a bank enters into a contract with someone who defaults, that is the BANK's problem, not mine and not yours.

Jun 6, 2010 12:44 PM

They will demonize anyone who stands in their way as an Enemy of the State.

Jun 6, 2010 12:48 PM

No, they will lock enough of "we" up and make examples out of you that nobody will dare question them.

Only another military or civil war will topple a government like this.  If they have the ABILITY to fight, they will fight.

And there are 33% of the public out there who would CHEER while they shot you if you questioned the mission against those terrists.  In fact you're on the side of the terrists probably.  At least that's what they heard.  Or you used the N word once or don't like jooz.

Jun 6, 2010 12:54 PM

You're foolish if you believe in this spontaneous revolt.

Even the Colonies were at least 1/3 Tory.

People are afraid to stand up for anything and the State Intelligence Apparatus is very good at disappearing people and interdicting.

JFC, you think people LIKE these brutal dictators in Central America all these years?  Or Kim Jong?  Or anywhere in Africa?  Christ, there's video out there of what happens to people "revolting" in Africa.  They get their hands bound, lined up and shot.

Jun 6, 2011 1:37 PM

what dollars?

The leverage will be repaid...there will be a collapse in credit.  The dollars outstanding will vaporize.  That is deflation.

There won't be enough dollars to bid USTs up and the auctions cannot self-fund.

Those who expect an increase in the value of the currency of a bankrupt sovereign are going to be in for a rude awakening.

Jun 6, 2011 1:41 PM

yeah right...

Jun 6, 2011 1:48 PM

this paper shit was never really an "investment."

Gold isn't either, but at least it holds value.  WTF in paper is any good anymore?  I guess the defensive plays still pay meager dividends.

When this shit all blows, up people will get those high yields they want

Jun 6, 2011 1:58 PM

GFD you're dumb.

The absence of news is not probative of the seriousness of the event.  IDIOT

Jun 6, 2011 10:02 AM

Marx wasn't entirely correct here.

Capitalism, once it reaches late-stage, aka, economic saturation due to inability to maintain growth, devolves into socialism where the State acts not as a true "owner" FBO of true State employees or the people, but rather as gatekeeper and enforcer for capital interests.  There is little effective difference to a prole; what it looks like from the cheap seats is that the "man" runs shit, owns shit, and can do as he pleases.  I see no material difference between this system we call "capitalism" and most socialist systems.

The State, for whatever reason, comes and takes shit.  When economies saturate, there is little growth in capital and there are shrinkage factors.  Capital uses the State to enforce rentier policy onto the economy.

Feudalism was socialism as well, just not terrifically equitable, but neither are/were ostensibly communist societies such as the former USSR and present China.

Marx's theme was that the "people" should force equitable policies via the State.  The problem is that the State and capital are interlocked.

Jun 6, 2011 10:04 AM

he made other mistakes but how could he have known?

We have no capitalists.  Who the fuck is a capitalist anymore?

EVERYONE is a socialist.  Corporations are socialist animals now.  Who is ownership?  The people...the 401ks, the pensions.  Look at the landscape of production and you see that the people own it.

But who RUNS it?  The CEOs, the executive class, the "Party" members.  And they run it to aggrandize themselves, not the proletariat who owns.

Corporations devolved into the same type of animals as "communist" nations where Party seniority leads to wealth.  The executive class we have now are not risk-takers nor innovaters.  They are merely placeholders whose sole goal is self-enrichment.  Same as leadership at all levels of the CCP.

It turns out that de jure ownership of something is effectively useless.

Jun 6, 2011 10:14 AM

jfc you are stupid.

His ethnicity represents NO diversity from the Fed board.

And, no he isn't a "white guy."

What was it you said about waking up, dipshit?

Jun 6, 2011 11:26 AM

Rate hikes are predicated upon an improvement in the real economy...ain't gonna happen by 2012 because this isn't a monetary problem

Jun 6, 2011 11:41 AM

so those expecting a rate increase or exit plan from the Fed or no QE3 even...how the hell does the USG fund without QE?

Without Brain Sachs buying a huge chunk of issuance, don't rates go to 10% and the bonds collapse overnight?

Jun 6, 2011 12:22 AM

dump everything else or borrow it.

Jun 6, 2011 12:27 AM

forcing people to scramble to buy treasuries to post as collateral on illusory bets would be incredibly deflationary in monetarist terms.

All that competition for paper; the USG could fund for nothing

Jun 6, 2011 12:38 PM

I've heard no news about the impending asteroid strike that will split the earth in half either.

Also, there is no news about the gate to hell that opened out of which demons are currently pouring

Jun 6, 2011 12:39 PM

I guess I'd better get over there and impregnate as many of them as possible

Jun 6, 2011 12:39 PM

that was from a Superman overflight

Jun 6, 2011 12:41 PM

how in hell did you pass the captcha?

Jun 6, 2011 2:43 PM

what's even funnier is how that dipshit and people like him give the banks passes to fudge numbers like mfers with SIVs and other offsheet crap, distorting real numbers and then they slavishly parrot the "official" data which they KNOW excludes all of the other crap!

The lies are utterly brazen and shameless

Jun 6, 2011 3:22 PM

global tailwind for paper

Jun 6, 2011 4:21 PM

credit only failed to grow.

The sucking sound that persistent $1.5T deficits will make is a lot bigger than any of that.

The 08 collapse was a global run on money markets...anyone who thinks this won't extend to sovereign paper is foolish.

Jun 6, 2011 6:30 PM

yeah, this shit is IMPORTANT, much more so than all the bribes and corruption

Jun 6, 2011 8:04 PM

He doesn't take into account the massive amounts of services sucked up and crimes committed by this demographic.

Sure, it would be nice if everyone was the same and everyone could move everywhere, but this shit just ain't the way it is.  People are here because all the free cheese is a better life than back home.  Maybe they should change the way back home is instead of trying to turn here into there.

Jun 6, 2011 8:06 PM

bullshit...you'd care when you had to move out of where you'd called home because of an influx of people whose perception of civilized behavior differs from yours by a giant chasm.

there is a REASON populations self-segregate.

Capitalists, the kind you guys love to hate on, particularly like cheap squalid immigrants for their sweatshops

Jun 6, 2011 8:08 PM

oh criminy, STFU.

I don't want to live in Mexico...because it sucks.  The fewer people we have trying to turn us INTO Mexico, the better.  I don't want to live in Detroit either.

You need to study things like the black undertow all over America and how various suburbs and counties rise and fall with the migrations of people into and out of them.

Jun 6, 2011 8:13 PM

Fuck him....the developing world is a mess because of the people there.  Who was it who recently said Africa is becoming the spoilt child of the world?

NOTHING can be done in a nation where the average IQ is below 90.  It's just not feasible for the population to grasp.

If these guys are preaching eugenics as a measure to rectify that, then I pretty much agree with them.  There aren't other options.  We can hand over a turnkey country like Rhodesia or S. Africa and see it destroyed within a generation.  Or we can accept reality.

Jun 6, 2011 8:13 PM

wait 30 years.  Or in the meantime, look into their demographics.

latin america is the way it is because of latin americans.  Africa is the way it is because of africans.  Canada is the way it is because of canadians.  Start mixing that shit around and things change.

Most N. European countries, Germany included, are coming to the conclusion that their 3rd world immigration encouragement policies are an unmitigated disaster.

Jun 6, 2011 8:15 PM

Have you ever seen crowds of BLACK guys doing that?

STFU then, bitch. 

Jun 6, 2011 8:17 PM

you fucking idiot.

Yeah, they want to hire someone to do something dangerous, where if they get hurt, they are disposible.

Oligarch bootlickers like you should STFU

Jun 6, 2011 8:17 PM

Soros is part of the clan that doesn't want any such thing for their "homeland."

Where is MY right of return?

Jun 6, 2011 8:28 PM

GFD you people are stupid.

Illegals are exploited by capitalists and fed by socialists all to the detriment of YOU and everyone else.

Find me someone in favor of illegal immigration and you've found me a bootlicker for the oligarchs

Jun 6, 2011 8:30 PM

hispanics would still have unacceptably high violence rates for most whites to find tolerable.

It's as fucking simple as that.  And you can't run a functioning, modern society with that type of stock.  Period, point blank.  All the developed countries are the way they are because of the people who have populated them.  And the undeveloped countries the same.

Jun 6, 2011 8:34 AM

he doesn't believe he's lying...he believes the bullshit.

This is what I keep saying about economists.  They are in a fishbowl and won't acknowledge that there is anything outside of the tank.

As for this guy, hmm...with a surname like Diamond, anyone want to take a stab at whether he represents any "diversity" to the Fed board?

Jun 6, 2011 8:35 PM

you're an idiot.

nations without national ID cards and all of this shit have harsher immigration controls than we employ.

I'll take rule of law, please.  Not your false dilemma bullshit

Jun 6, 2011 8:38 AM

do not confuse reality with something that can grow forever

Jun 6, 2011 8:38 PM

nations aren't enriched by virtue of immigrants.

You are ASSUMING that the immigrants always have a constructive contribution..what if they don't?  What if they are like Europe's North African immigrants who seem hell bent on turning the place into Europistan?  IOW, transforming it into where they just came from?

Perhaps they think the white people will continue to provide them first-class infrastructure while they take a shit all over everything.

Jun 6, 2011 8:40 AM

these economists are part of a clan that has a long and distinguished history of self-deception.  They seem to like to hand out prizes to each other reminding themselves how indispensible they all are to the world.

That a prize in economics could have the same standing as one in physics is a joke.  Nobel in numerology should be next, then perhaps psychiatry, another dismal science from the same clan

Jun 6, 2011 8:41 PM

I didn't junk you but your initial assumptions are unsubstantiated.

1-3 are correct however

Jun 6, 2011 8:42 PM

nice cherrypick!

What about the 300 who DID rob, rape, or kill somebody?

Laws are laws.  Just because fuckers like Congress and banksters get away with breaking them does not mean that everybody should.

Jun 6, 2011 8:43 AM

calling this guy a Doctor in the same manner as Paul is a joke too.

Jun 6, 2011 8:44 PM

the levels are infinitesimal...bitchez

Jun 6, 2011 8:45 PM

they're totally fucked...a cleanup of this scope cannot even be costed out

Jun 6, 2011 8:50 PM

everyone wants their own handout to go along with it

Jun 6, 2011 8:53 PM

you can call me all the epithets you want and it won't make my statement any less factual, bitch

Jun 7, 2010 2:35 PM

No way...I thought africans were deeper and purer and nobler than white people and were in tune with the land and all of that...?

Jun 7, 2010 2:37 PM

They weren't covered in mud, they were black.

Jun 7, 2010 2:39 PM

see death of johannesburg blog for a similar story on another continent.  It's almost as if there is some unknown link between the two places, some connection that would explain the similar outcomes...

Jun 7, 2010 2:41 PM

The Fed can directly or indirectly monetize every auction as a function of the spread to FFR.

Remember, USTs are the black letter repoable collateral.

Jun 7, 2010 2:43 PM

Inflation only comes from the USG now.

There is no source of credit expansion in the private sector because they actually have to turn a profit.  Private credit in the form of positive ROI endeavors is over with.

The USG never actually has to repay its debts to the Fed with real assets.  If the Fed were to try to "collect," sure there'd be times like Andrew Jackson, but they know who has all the guns.

The banks make money no matter what the currency is as a function of interest and the rest of their ponzi bullshit.

Jun 7, 2010 3:07 PM

Must have something to do with all that colonial oppression by climate control and electrical power

Jun 7, 2010 3:20 PM

She's been highly agitational on a variety of topics.

But, this is a 3rd rail you can't touch...the zion runs deep in this administration.  They appear to have hire/fire power over a lot of positions and people.

Jun 7, 2010 3:25 PM

I agree...would prefer a shot of her pulling it open

Jun 7, 2010 3:27 PM

The fuckin thing is too small to see anyhow.

My beef with his avatar is that it isn't large enough

Jun 7, 2010 3:34 PM

I plan to use his hollowed out skull as an ashtray...it shouldn't need much finishing work

Jun 7, 2010 7:38 AM

Somebody overdosed on Avatar.

GFD, you are a racist idiot.

Jun 7, 2010 7:42 AM

What you say is astonishingly stupid.  And racist.  And inaccurate. 

Jun 7, 2010 7:48 AM

No, but I just love how anyone nowadays with a bit of melanin in their skin feels the RIGHT to proclaim absolute guilt and innocence over entire races based on a pathetically inaccurate reading of history.

The world is pathologically jealous of "the white man," because it is whites who invented everything they want and everything they want to be.

Jun 7, 2010 7:48 PM

There's no fucking flight to quality ROTFL, the dollar???!  QUALITY?

HAHAHAHAHAHAHAHA

No, cretins, it's a carry trade unwind, reversal of decades of dollar credit expansion.

Jun 7, 2010 8:12 AM

wow.

That whole Dollar Reserve Currency and all its implications was lost on you people, huh?

Jun 7, 2010 8:17 AM

WHY?

I LIKE the death...

I LIKE the misery...

I LIKE THIS WORLD

Jun 7, 2010 8:24 AM

Yeah...I can explain it.

The USD is the reserve currency.  Most world debt is denominated in it.  In the case of deleveraging, the USD will paradoxically strengthen.

The Euro is bootstrapped atop the dollar, a fiat backed by reserves of other fiat.

If someone backs a currency with gold, the same thing will happen to it as happened to the gold-backed BW dollar; it will get speculative attack mounted against it to get hold of the gold.

A backed currency cannot last long in competition against an unbacked one as a matter of Gresham's Law. 

Jun 7, 2011 1:04 PM

and the Chinese like it just fine undervalued.

Their growth mandates are the same as those for .com companies.  The people at the top don't care what needs to be fudged or cooked to make that target.

Jun 7, 2011 1:05 PM

WTF?

The mint doesn't buy from COMEX and the mint doesn't sell TO Comex.

Comex is a futures exchange, do you get that?

Jun 7, 2011 1:10 PM

I live in one of the lowest crime medium cities in the country...our local cop cars have fking AR15s and other military weapons in them.  WTF?

There's NO WAR other than the one they brought with them.

Jun 7, 2011 1:16 PM

so long as you clearly delineate that it isn't necessarily the entire clan of lizards, although they sure as shit do practice nondiversity and massive ethnic nepotism while at the same time founding organizations to destroy white people who do the same.

Eject the lizards at the top, and see how it goes.  If you start down that path, however, the entire media, finance, and race hustling machine they built and still run will spring into action and they still have the brainwashed hearts and minds of idiot YT all over the country.

Next time someone plays the slavery card, also refer them to Lou Farrakhan's material on the slave trade, sourced from lizard authors.  It seems according to these books that on lizard holidays in brazil, the slave markets were closed due to inadequate buyers and sellers.

The entire foundation for your guilt belongs to somebody else.  Once you dig a little and accept that, you will be free.

Jun 7, 2011 1:22 PM

most cities don't have sufficient black population to support King-style riots

Jun 7, 2011 1:24 PM

they get nose jobs now and hide out in anglicized names

Jun 7, 2011 12:08 AM

IF my aunt had balls she'd be my uncle and more of a man than you.

We already have Pu in our lungs from atmospheric testing and occasional burnup of satellites with radioisotope generators.

You're not telling me anything I haven't already known for a long time about Plutonium.  Sheesh

Jun 7, 2011 12:08 AM

look; you're exposed to radiation constantly.  It's coming from that big burning nuclear fireball in the sky, from your granite countertops, from bananas, from lots of places.

Pu is particularly nasty in the lungs, sure.  The amounts in the topsoil here are minute, though.  It's a GREAT headline for chicken littles who think ANY radiation is harmful.

Well, then you need to move underground.  Oh wait, that's radioactive too.  So is altitude.  There are people living fine in places with 100x normal background.  Radiation in large quantities MAY be harmful.  There simply isn't much in the way of data on it, nor on REAL Pu toxicity.

I referenced what data there was when Mosely-claven started bleating about how a nanogram would kill the whole world and shit.  We've already been over this.

You guys are too desperate for everything to be "TSHTF," jfc, this is confirmation bias writ large.

Jun 7, 2011 12:10 PM

we don't produce 9mbpd and haven't for like 30 years...we're around 6 now

Jun 7, 2011 12:12 PM

concur 100%....jawboning or surge production in heavy sour

Jun 7, 2011 12:14 AM

Oh christ, you are pissed off at "lies" that you didn't believe?

Are you a bitch or something?

Jun 7, 2011 12:16 AM

keep dancing bitch.

Or else keep making ridiculous predictions and falling flat on your face.

Jun 7, 2011 12:16 AM

ok, how about this, your IQ is infinitesimal to think you could go ignoratio elenchi on me and have it not get pointed out to you.

The context of my statement was clear and so was the fucking data.  Eat it

Jun 7, 2011 12:18 AM

cut the insane hyperbole

millions later?  HOW?

Jun 7, 2011 12:18 PM

the deeper the well and the farther offshore, the quicker is the time to peak and the steeper is the decline.

This was in IEA's world oil forecast.  Decline rates for the old Texas fields were the 3% base case.  After they started jacking up production to trapezoidal curve shapes with all that TECHNOLOGY that the idiots say is going to save us (it just depleted faster), the decline rates have risen.  Offshore deepwater fields peak quick and fall 15% YoY at least.

Every field I've looked at has had a steeper decline curve than was predicted. 

Jun 7, 2011 12:22 AM

what an insane crock of shit

Jun 7, 2011 12:23 AM

you have nothing to worry about.  Your radiation exposure from the FLIGHT will exceed that in Japan

Jun 7, 2011 12:27 AM

JFC...the pesticides on that stuff are your biggest worry.

Or the fuckin garbage incinerator in your backyard.

There are so many FAR GREATER risks than radiation from Fukushima for all but a TINY number of people on the planet.  And here it's got you people into frickin hysteria

Jun 7, 2011 12:38 AM

I didn't say that would fix it, you dipshit, I said that would SCRAM it.

You don't even understand enough about how these things WORK to even participate in a discussion.

So you just keep saying stupid shit and dancing.  You motherfuckin jester.

Jun 7, 2011 12:39 AM

what demographic nightmare?

We'd have disproportionately more caucasians and east asians...good schools around the country seem to have them in abundance.  They seem to be associated with cohesive societies, low crime, high achievement, innovation, etc.

So the nightmare is where, exactly?

Jun 7, 2011 12:58 PM

no; this just means that even as bad as our situation is, theirs is worse.

Worse is conclusively demonstrated by the scope of their bailouts, each of which is backstopping defaulted debt.

Anyone thinking the yuan is a reserve currency when it's being underpinned by empty cities and negative ROI "investments" is a fool

Jun 7, 2011 2:28 PM

I'm not sure what the bank's problem would be...the CBs stand ready to lend at 0% in as much as they need to cover deposits.

Deposits are just a legacy bank function; dunno why they even bother with them anymore when SIVs and conduit leverage is their thing now

Jun 7, 2011 2:39 PM

and that will make that euro paper more worthful?  LOL...not for long

Jun 7, 2011 3:46 PM

sounds like no exit to me bitchez.

just like the USG did when TARP was so unpopular, they came up with other ways to funnel money to the banksters without Congressional action.  FRB will do the same thing with their QE plans

Jun 7, 2011 3:54 PM

LOL

Jun 7, 2011 4:02 PM

no, it wouldn't.  The retail demand is met by mints that DO NOT get their freakin silver from Comex.

NOBODY who needs a significant amount of real ANYTHING goes to a futures exchange.  They negotiate with a miner or refiner.

You guys think Valero buys its crude for refining off of NYMEX or something?  No, they negotiate supply contracts with oil producers for that.

COMEX should simply SHUT DOWN its legacy warehousing function as it serves no real purpose anymore.  Exchanges like this might have worked back when small suppliers came to trade but that's just not how shit is now.

The miners who sell futures contracts forward to hedge production are not EVER going to send all their product to COMEX nor would XOM actually deliver its barrels to NYMEX, nor would either of the futures exchanges want to incur the hassle of actually storing shit.

COMEX/NYMEX is an EXCHANGE, not a SUPPLIER!

Jun 7, 2011 4:05 PM

the cool part is that everyone thinks the boom will stop and then commodities will crash...but we're at the top of the production curve.

China's demand decrease will be made up for by the world's supply decrease.

And good luck with maintenance on all that empty shit, China

Jun 7, 2011 4:12 PM

I take it you've never been to S. America?

Might wanna figure out how Brazil is on its 3rd currency in 20 years and the Colombian Peso is 1800 to the dollar when there were no job and wage growths in either of those countries.

Or maybe how the Messican peso has repeatedly collapsed, the Argentine peso a couple of times...etc.

Crushing sovereign debt leads to "real" inflation, nothing else does.

Anyone who told you that wages and all of this cause "real" inflation are idiots.

I mean, a bag of chips is fking $4 now...this isn't "real" enough?

Jun 8, 2010 12:26 AM

Gosh I only talk about this like every other post lol

GW, I like the pretty charts and you get to post at the top of ZH.

The C&C peak is the most important one to look at, as all-liquids can be fudged by translating one form (NG) into another.  C&C hit peak in 2005 and has shown NO signs of making a run at a new production high.

Nonconventional and deepwater is an express train to EROI unity.

Jun 8, 2010 2:09 PM

lol...wtf good is AMMO as a barter implement???

What, people are going to trade goods for the ability to shoot other people?  You're insane...

Jun 8, 2010 2:10 PM

And...you've...got...the...only...ones...on...the...planet.....right?

Oh no, didn't think so.

Jun 8, 2010 2:12 PM

Utterly stupid.

You'll be killed by superior numbers WHO HAVE THE SAME FUCKING GUNS AND AMMO.

Jun 8, 2010 2:16 PM

Guns won't help you either

Jun 8, 2010 2:19 PM

WAY out of date.

Cantarell is at about 500kbpd now.

It literally crashed from 2.5 to .5 in the span of a few years.  One year, it had a 34% YoY production decline.  It wasn't even close to 2mbpd in 08 either.

Jun 8, 2010 2:20 PM

Look at discoveries peak in the 60s.

Oil production per capita peaked in 79.  Population grew far faster that energy production, suggestive of overshoot.

If world production cliffdives like Cantarell, all hell will break loose.  Don't worry, you won't live long enough to get ground into peonage.

But, again, low EROI fields mean that there isn't anything out there that produces a better return.

Aggregate economicalness rises, peaks, and declines; this is the way of things.

Jun 8, 2010 2:23 PM

Are you stupid?

can we run a pipeline to Titan?

Do you even understand that when it costs you one BOE to extract one BOE that there is no point in further extraction?

Notions like recoverability and EROI totally fly over your head, don't they?

I'm totally sick of cornucopian idiots who cannot do basic fucking math.

Jun 8, 2010 2:28 PM

Jeesus fucking CHRIST.

Do *I* have to ghostwrite an above-fold article on this site to get you idiots to GET IT?

The AMOUNT of reserves DO NOT MATTER.  ALL that matters is the RATE at which they can be extracted and the ENERGY RETURN ON INVESTED (EROI) ratio of the extraction.

NOTHING else matters.  Oil can as far as I'm concerned be shit out of Hades' ass! 

The rate of PRODUCTION by the hot biosphere is SIGNIFICANTLY below the rate of consumption by the cold biosphere, aka HUMANS on the surface.

Any moron who thinks Peak Oil is a hoax is actually maintaining that exponential growth can be sustained FOREVER.

Do you NOT KNOW that gold production peaked in 2000?  Helium production peaked in 2002.  In the US, I posted the peak production dates of a VARIETY of minerals and elements, along with oil, which peaked here in 1970.  It peaked in the USSR in 1989.  In Mexico in 2004.  Indonesia peaked.  JFC, look at the peak production dates on WIKI.

Production PEAKS; this is a fact and no amount of delusional wishing about gas on Titan can change that.

Jun 8, 2010 3:41 PM

Yes, it's much different for two reasons:

1) a loan is a contractual matter

2) the bank never had the fucking money to lend in the first place

Jun 8, 2010 4:05 PM

I cannot even articulate how stupid this post of yours is.

But, I'll just concede; you polyannas have convinced me that exponential growth can run forever.

Jun 8, 2010 4:07 PM

Did you take a fucking stupid pill this morning?

Go say that shit over on TOD.  What you think of "cheap oil" IS peak oil

Jun 8, 2010 4:09 PM

No...consumption growth pre-peak was outstripping discoveries growth by more than 8:1

Jun 8, 2010 4:09 PM

You really aren't any good at things like basic fucking MATH, are you?

Jun 8, 2010 4:13 PM

No, no no...those wells are actually refilling.

INCREDIBLY SLOWLY, but refilling nonetheless.

Maybe if we wait 100M years, they'll fill back up.  hahaha

TOTAL LOLZ at all the Peak deniers.  You freakin idiots, peak already HAPPENED.  54/65 oil producing nations are in production decline, yet you can't get people to accept the REALITY that exponential growth cannot last forever.

Jun 8, 2010 6:12 PM

You're aware that every single well in the history of wells has eventually peaked, aren't you?

Or is it that you're just fking stupid?

Jun 8, 2010 8:30 AM

Austerity comes with interest.  Entire nations convulse over usury.  It was banned for hundreds of years for precisely this reason.  The compound interest function cannot be bargained with, it cannot be reasoned with, it does not feel pity or remorse and it will not stop, ever, until you are dead.

Jun 8, 2010 8:36 AM

Gold *has* to be priced here.

Sorry to sound like a broken record, but there are relatively few commodities that do what gold does.  The density, rarity, and overall desirability of it aren't matched by many other materials.  It looks cooler generally than platinum.

It's been in production decline since 2000.  A grinding upward price trend is to be expected.  And it is starting to see itself priced out of the ability of the "ordinary" people to afford it.  Ordinary people having gold was an aberration anyhow.

Upward price is to balance supply with demand, simple as that.  Not a bubble.  A bubble would be marked by massive supply coming in to fill orders and with people buying the stuff on credit and lots of retail to retail transaction volume.  That's not happening here.

Sure, Indians supplied most of the "demand" for a long time for this stuff and now the price has climbed so high in rupee terms that demand is soft.  But SUPPLY is soft, having declined for 10 years despite the price trends.  There simply isn't the SUPPLY and never will be for "consumption" to go back to what it was even 5 years ago.  And, many know that once they sell or let go of this stuff, it may be hard to lay hands on again.

Jun 8, 2011 1:25 PM

for-profit companies are run to produce profits for management and executives now.

Jun 8, 2011 1:46 PM

Fuck paying the banks back the money they never had but lent and INTEREST with it.

Jun 8, 2011 1:51 PM

mosely-claven says "ionic liquids" will make this all go away

Jun 8, 2011 11:16 PM

shorthand:  tmosely-claven is an idiot

Jun 8, 2011 11:22 PM

you are a goddamned idiot...you really think this food just grows itself, don't you?  You have utterly no clue as to the astounding increase in crop yields permitted by industrial (oil) agriculture.

We EAT oil.  That is a fact.

Jun 8, 2011 11:36 PM

Dunno how the USG is going to fund...not with sustained $2T deficits, that is.

The wars can't end because the oil supply is dwindling.

The Fed will print when the government puts a gun to their head

Jun 8, 2011 2:21 PM

Export Land Model, bitchez

Jun 8, 2011 3:58 PM

Well, the headline notion that we have "46.2" years of oil reserves is horseshit.

Existing fields will not continue to produce at the peak rate until they are EMPTY.  Oil wells don't work like that.

Peak production on a well or field does not start at day 0 and proceed until complete depletion.

Production rises, hits a maximum, and then declines.  Extraction rates are not level.

Jun 8, 2011 8:34 AM

that default will make us an even safer haven?  ROTFL

Jun 8, 2011 8:34 AM

Cut the hysterical bullshit, you and Tyler.

This was 5 uSv/hr...there are probably natural alpha emitters like GRANITE in the freakin pavement.

His rad detector was showing .1uSv ambient, which is normal.  IOW, Tokyo is not a smoldering radioactive wasteland.  Certainly everyone there will not be "dead or evacuated" by April 2.

Jun 9, 2010 12:26 PM

Why, because you will want to shoot the executives whose paper scheme collapsed?

I have no clue where the madmax contingent gets the idea that a society's collapse has ever made lead that valuable.  It's simply never happened anywhere.

Jun 9, 2010 12:31 PM

Because it'd be far easier to seize FRNs and 401ks

Jun 9, 2010 12:36 PM

Dude, the US is on its THIRD central bank.

Trust me, man, life goes on even after societies and economic systems collapse.  Humans will spontaneously self-reorganize a new one. 

JFC, what is this, some kind of American Arrogance or something??  Like we cannot imagine a world existing at all without US at its center, our USG our FED and all this bullshit?

Look, man, the USSR collapsed, Brazil has a couple of times, Argentina a couple of times, Mexico, S Korea...been massive financial crises all over.  Life goes ON.

The more primitive societies value gold more.  And, the collapse of the Fed and the almighty FRN isn't going to end up like "the Road" and shit.

Jun 9, 2010 12:38 PM

You can pay me back in daughters

Jun 9, 2010 12:40 PM

Fine with me...I like the dollar seigniorage system because I get paid in FRNs.

Best of all worlds, gold way up and FRNs way up.  Gold preserves FRN-based purchasing power and FRNs purchase via FX all other things like oil and shit from slave labor camps like China.

Jun 9, 2010 2:31 PM

The State and FBI are contemplating the best way to "approach" Wikileaks to prevent disclosure??!!?!

WTF...they really don't know, do they?

They'll have to approach with lead at high speed or threaten to kill his family.

Jun 9, 2010 2:35 PM

I sure hope it ain't 9% YoY.  Really hoping for more like 3-4, but the employment of secondary and tertiary extraction techniques in the primary phase now, along with the production curves of post 70s supergiant fields actually keeps me awake at night sometimes.

We took fields with many billions of barrels and basically depleted them (N Sea, Prudhoe) within the span of 20-odd years.  I started getting worried about optimistic decline projections when I was a BPT investor and looked into their 10K production figures as compared to their projections.  Projected was 9% YoY and I was seeing 13-15.

Jun 9, 2010 2:36 PM

Post links.

I watch RT and AJ english sometimes and they just flat fuckin LAUGH at this guy while our MSM cannot get his nuts off their chins

Jun 9, 2010 2:39 PM

SS is cashflow negative, bud

Jun 9, 2010 2:42 PM

Don't worry...just print FRNs.

The Fed GOT THIS SHIT, NIGGAZ

Jun 9, 2010 7:48 PM

PRC's Navy is so pathetic they could not mount an amphibious invasion of Hong Kong.

Force projection with CVN groups does not necessarily include sitting in the fking Strait.

Jun 9, 2010 7:58 PM

thanks for lettin me borrow those shares to short, btw...I owe you a beer

Jun 9, 2011 1:00 PM

it's not just that, it's the nature of MONEY.  It has no backing, is nothing.

We pay INTEREST on money conjured from nothing.  How fucking stupid is that?

The banks "let" us use our money and enforce its use at the point of a gun.  This is the BOE scam that Rothschild happened upon. 

Renounce their confetti

Jun 9, 2011 1:01 PM

yes but where does money come from?  Who issues it?  How does it come into existence?

Money is a necessary thing for any economic activity, kind of like air.  And we have a set of institutions who won't let you breathe without working for them.

And yes, they will suffocate the entire lot of people to DEATH while they take care of their own and their cousins

Jun 9, 2011 1:22 PM

so, IOW, without QE, our auctions are fucking dead

Jun 9, 2011 1:31 PM

some nasty business during the big war showed otherwise

Jun 9, 2011 1:34 PM

at some point you have to start hanging judges and putting on robes.

Jun 9, 2011 1:37 PM

All you have to do is look at that wealth inequality chart on the other page to know that the Bernank cannot afford to lose the "next 9%."  The next 9% is who has all their wealth in equities and 401ks and shit like that.

When the trade classes turn, mfers get hanged.

Jun 9, 2011 1:39 PM

cats??  duh?

Jun 9, 2011 1:44 PM

corn ethanol is an abomination.

Other plantstuffs like sugar cane actually produce at positive EROI.

Corn ethanol is just effing proof the government is a total fuckup at whatever they do and everything is graft and boondoggles

Jun 9, 2011 10:44 AM

Downing Effect indicates the opposite.  Smart people typically UNDERestimate their audience's ignorance.

The real problem is that the real economy is being driven by extrinsic factors into contraction.

The "solution" in the growth age was always to grow debt.  That isn't working now because aggregate contraction is upon us.

The more debt the government piles on to stimulate, the LESS they get back in taxes now (however the coverse is not implied).  This is because witholdings from gov jobs are not real tax revenue.

They merely expend a supply of air in order to inflate a tire that is deflating.  We've all been kids and had a leaky ball that we tried to blow up.  In vain.

The "solution" since the total collapse caused by the oil supply problem has been to just borrow money to keep people employed and wait/hope/pray for an organic economic turnaround.  One is not coming.

Everything is going to default....everything.  All debt.  Historians will write about this era as "when growth ended." 

Jun 9, 2011 12:00 PM

we have to deFederalize policing.  Police powers are supposed to be local, reserved to the States.

The Federal power will resist this with everything they have; do not expect your federal representative to vote against their own power.

SWAT raids don't get cops shot except by branch davidian types.  A marine was gunned down, shot something like 60 times, by a SWAT team who served a warrant on the wrong house or wrong person, found no evidence whatsoever of criminality and is now trying to cover their tracks.  The marine retrieved his AR15 and confronted the police, who didn't identify, just opened fire.

Jun 9, 2011 12:03 PM

all of them do.  The Forest Service has one too.  Look into it, you'll see what I mean.

I know a guy who is with the DOI and he actually does street patrol ticket writing in DC.  A federal agency doing street policing, yeah.

I live in one of the lowest crime cities in the US and the squad cars here have M16s in them.  They appear to be girding for war but there is no war other than the one they brought with them

Jun 9, 2011 12:03 PM

White capital, LOL....tell me again who the dominant ethnicity on the Fed board is

Jun 9, 2011 12:04 PM

I dunno, but the action in Platinum and Palladium lately seems to smell something.  POG would appear to be confirming.

Jun 9, 2011 12:15 PM

With total monopolistic control of finance and media, what hope is there?  An outbreak of Russia-esque nationalism?  Nobody spent 70 years blaming them for all the ills of an entire race.

When you listen to black nationalists tell the real story of the slave trade and juxtapose that with the race hustling machine in the USA, you begin to see who really has the guilty conscience.  The affect manifests akin to how a narcissist deals with guilt- by lashing out.

Jun 9, 2011 12:21 PM

No.  The Fed is a quasi government agency whose goal now is to directly help private corporations run by the cousins of the Fed Board.

It's all setup to look like a utility but it is wielded to enrich relatives of the FRB members.

The original central bank, the BOE was exactly as you describe.  However, after the great war, it was considered propitious to "nationalize" these institutions.

This did not affect to whom the benefits of their existence accrued.  It really matters not if the Fed is a .gov or a private corporation when its function is the same and the outcome of its actions are the same.

The money powers sucked germany to starvation following WW1, and even during the hyperinflation, the cousins ended up owning the majority of the nations.  Even after years of ethnic restrictions on ownership, the percentage was cut to maybe 33%.  The major media...owned.  Major banks...owned.  Major corporations...owned.

Jun 9, 2011 12:24 PM

to those who say we should pledge real things in exchange for bullshit paper conjured out of asses (plus interest), I say fuck you.

You will simply lead us to the aftermath of Weimar.  The paper worshippers should review their own history to see what comes next.  This isn't paper rock scissors, it's paper rock GUN.  And gun wins.  Over both.

Why the hell are we letting a group wantonly practice ethnic discrimination like this?

Jun 9, 2011 2:03 PM

every hotter than normal day is caused by Global Warming and every colder than normal day is just an aberration...or caused by Global Warming

Jun 9, 2011 2:24 PM

No...because this is the recipe for revolution.

The vast masses have no wealth, they are a group nobody cares about.  They are easily subjugated and led and pacified.

The trade classes are who wield the real political power in a crisis, because they are the ones who DO shit and they outnumber the true rich.  Doctors, lawyers, pilots, engineers, etc.  They stop working and everything stops.

The trade classes always lead the revolution.

Jun 9, 2011 2:48 PM

Are you fuckin stupid or were you asleep for 8 of the past 10 years?

Jun 9, 2011 2:51 PM

I sold my house and now have 0 debt.  Fuck it, I'll stick with renting or eventually just squat in a REO.

Life is getting to where you need to implement the Heat Rule or else your ass is in the wind

Jun 9, 2011 3:43 PM

are you not characterized as a foreigner in the US even now?

our history is systematically denigrated by whoever dictates the mass media message

Jun 9, 2011 3:58 PM

If you wait until the team is doing a dynamic entry to get out, you're too late.

The only way to fight back is to follow the Iraqi/Afghan way.  To attempt to confront the powers head to head is to die vainly.

Jun 9, 2011 3:59 PM

"select group"?  That's subversive talk there.  You'd have me believe there is a group so in love with money that they frequently name themselves after it?

Mar 1, 2010 4:34 PM

Yep...a lot of dollar longs and euro shorts will get mauled.

At this point, FX crosses are playing with nitroglycerin

Mar 1, 2010 4:40 PM

gold is showing strength now tag-team, across currencies.

on Kitco you can watch in like a dozen of them.  It's at or near highs also in the GBP.  Meanwhile, the dollar strengthens versus *other fiat paper* but not against real things.

This must concern the shit out of paper bulls like Douchinger.

If the Euro *really* collapses, dollar bulls are not going to like the outcome.  You *cannot* have the collapse of a major fiat currency like this without some in the nightclub next door thinking hey this fire might spread.

A major systemic paper collapse of *any* kind threatens ALL other paper; in this case because what will have collapsed the euro is the same structural and systemic fatality as infects the US - too much fking debt.

Once indebted sovereigns begin to default, how long before the 50 States and the US?  Oh, I know, the paper bulls think the military and "reserve currency" will mean our paper always has "value."  Horseshit.  The solvent nations WILL figure something out and the ONLY thing maintaining the USD's relative worth is the reserve status.  If that goes, the dollar will collapse as we have to start denominating our debt in FX or real things.

There is no fking way we are going to print the reserve currency in sufficient amounts to nominally repay our debts without serious pain.  I've got bad news - the BOE can print too and is doing yet another round of QE.  The JCB can as well and they have the side effect of being a *de facto* reserve currency as having been THE carry trade note of choice for nearly 20 years.  How is this helping them at all?

The paper bulls claim that we cannot devalue because there is nothing to devalue against.  If they have to take us onto a gold standard in order to effect a devaluation, then that is what they will do.  The only alternative is default or riots so massive due to austerity that the government itself collapses.

Mar 1, 2010 4:42 PM

But Douchinger says to stockpile FRNs and he has his own website where everybody agrees with him.

Mar 1, 2010 4:55 PM

Uh...how about fuck that?

If I did have gold, why in the hell would I tender it to a bank for secured lending when I can get freaking credit cards right now backed by nothing?

How about this...how about I go house all my cards buying bullion off ebay and then tender THAT for another credit card?  lol.  It's kinda like what the TARP banks did.  Go stick someone else with the debt and turn the proceeds into assets of worth.  Gonna use Chase and Citi as my very own discount window

Mar 1, 2011 2:42 PM

noninvasive apparatus such as magnetometers and ultrasonic thickness gauges would seem to be desirable tools to have.

The speed of sound is way different through tungsten

Mar 1, 2011 2:47 PM

Our culture is counterfeit as well.

People routinely believe things which simply aren't true.  I could tick down the list of them.

Magical thinking and mass dissonance is widespread and the truth has not been more revolutionary than it is now, for a long time.

Mar 1, 2011 3:13 AM

Reserves are irrelevant.

ALL that matters is rate of production.

Reserves of hydrocarbons on Titan are effectively infinite.  Production rate of those reserves is at the opposite end of the spectrum, 0.

Mar 1, 2011 3:15 AM

Define "cheap."

There is no such thing as peak "cheap" oil.  Speak in terms of EROI or desist.

Mar 1, 2011 3:20 AM

If you didn't understand the above paragraph, then simply STFU. You are in way over your head.

Only now, at the end, do you understand

Mar 1, 2011 3:20 AM

del'd

Mar 1, 2011 3:25 AM

you will henceforth be known as Darth...Flakmeister

Mar 1, 2011 3:28 AM

yeah, proof, evidence...that sort of shit is for scientists or people who want to be taken seriously.

Here's a nice one, supposing we don't hit peak oil, let's go back to the compounding growth problem.  Those bacteria in the bottle that double every minute; if they find a new resource base 1024 times as large as their original, how many extra minutes does this buy them before they again have a problem?

Math is very cruel to the unenlightened.

Mar 1, 2011 3:32 AM

uh...there is no such thing as cheap oil.  Cheap is nonquantifiable.  There is no such thing as peak affordable oil.

The others do have peaks, yes.  And so will heavy sour, syncrude, and every other fucking resource.

The oil barrels do not know how much we pay for them, ok?

Wells peaked LONG before oil crossed $10.  The US hit peak irrespective of the "affordability" of the shit.

Like I told the other guy, talk in terms of Boe or EROI or STFU already.

Mar 1, 2011 3:37 AM

tm, you are far too stupid and ignorant to be asking for numbers.

You should already HAVE the fucking numbers.

TOD is OUT THERE waiting for you, jackass.  Go educate YOURSELF.

If someone came up with a process that consumed 2 boe to produce 1 boe a moron like you would be in here trumpeting it as the salvation of mankind and when someone with actual knowledge of the oil business like Flak laughs at you, you have the gall to ask for fucking numbers?

Here's the number, people like YOU are the butt of the joke.  I know what's in the heads of several other people here, what they think of your type; we're all thinkin the same thing, roughly stated it's "gfd how can these people be so dumb???"

Stick to pimping PMs

Mar 1, 2011 3:40 AM

Listen, douche, if you actually believe someone like Flak is a troll, then you're the dumbest cunt to ever flap its lips.

Not one thing you have said thus far has been true, now take your bitchslap like a bitch, NOOB, and GFY

Mar 1, 2011 3:40 PM

Defaulting is your right under the credit contract.  In fact, there are specific terms in there about what constitutes your default and what the CC companies may do about it.

I've got no problem with it; cannot figure out why the masses have such a peasant's mentality regarding debt, as if money owed to a BANK of all places is sacrosanct and must be repaid no matter what.

Banks themselves default and people just fucking shrug.

Mar 1, 2011 3:44 AM

ok, what is the over/under on oil threads before this guy is just telling people to STFU?

Give yourself to the dark side...it is the only way

Mar 1, 2011 3:47 PM

wow...debt is easy to walk away from, just stop paying.

They can garnish your wages, but to do so, they have to find out where you work.  Most people are dumb enough to put their real workplace on various things they fill out which end up getting submitted to credit agencies.

See, you're hanging yourself with your own rope. 

However, going forward, companies are pulling credit checks and forget security clearances if you deadbeat*.  Michael Vick gets a fucking redemption tour for serving 1.5 yrs for his rap, but if you or I had that conviction on our records, we'd be lucky to get a job EVER again.

*(unless you are the right skin color, aka nonwhite)

Mar 1, 2011 3:48 PM

only 4 months?

Next time stop paying for like 24 months.  If they get you on the phone, tell them to call Obama and then hang up.

Mar 1, 2011 3:54 AM

HPD, are you COMPLETELY fucking stupid?

I mean, that's it, isn't it?  I've finally figured it out, you guys are fuckin idiots.  I took those links apart the LAST time you spammed the last oil thread with them.  It was abundantly clear when I clicked the first one and read into the article that you had either a) not read them b) failed to understand them, or c) both.

They, and you, are a joke!  The first link is from 2008 discussing the USGS's imminent release of a paper talking about Bakken reserves...this was like OVER TWO YEARS AGO, MORON.

Fuck me, you are irredeemably stupid.  Shall you continue?  No, for the love of GOD please do not.  Just STFU and go away.

Mar 1, 2011 3:56 AM

hey man, you seem like a smart guy and you mean well, so I'll say this nicely- do not ever divide reserves by consumption to get lifespan, ok?

Mar 1, 2011 4:00 AM

There are two things I like to do.  One is to curse at idiots.  The second is to use analogies.

So let's try #2 here...Titan's reserves are most probably abiotic in origin.  HOWEVER, expected rate of production of those reserves is all that matters to us.

So as to the origin of oil, WHO GIVES A SHIT?  I don't care, nor SHOULD I, wtf the RESERVES are!  ALL barrels are NOT the same! 

The one thing, the ONLY thing, that matters is the RATE of production.  It is what distinguishes massive deposits in saudi arabia from even MORE massive deposits on Titan.

Mar 1, 2011 4:05 AM

Follow this carefully Cougar the BOT, heard of Titan, a moon of Saturn?

It is covered in oil, at a temp of -290 degrees F, please explain to this forum how your  bullshit JPM derived theory that oil comes from plants, is how oil came to be on Titan lol.

I love destroying BOTS, IT'S SO FUCKIN EASY

WOW, YOUR RIGHT [sic]

Titan has probably infinite reserves...literally megabazillions of cf of gas.  So what do you expect our production rate of those reserves to be?

IOW, STFU MORON

Mar 1, 2011 4:06 PM

ordinary people don't get that you can't "trade" physical things via eTrade, which is what they wanna do to "get in on it."

Expecting them to pull a big pile of REAL cash and go to a store and plop it down on the counter.  Take a noob with you to a coin shop and watch their derision as someone puts "that much cash" onto the table and takes out a couple lumps of metal.  A guy bought some junk silver bags and this girl I know was like wtf is he doing, that was a ton of money to "spend" on it.

Mar 1, 2011 4:09 AM

do we really need to reference Ghawar to have a discussion as to PO?  In fact, this is not the first PO thread this week, much less ever.

In previous ones, I discussed production decline rates at Burgan and other supergiant fields vis a vis Cantarell, among others, to attempt to get idiots to understand the potential range of outcomes when Ghawar peaks.  It fell on deaf ears...well, more precisely, it fell on stupid as fuck ears, but I digress...

Ghawar is 5mbpd in a sea of 85 of them.  Surely a game changer as to KSA's status as swing producer but not TEOTW

Mar 1, 2011 4:35 PM

so you claim that backwardation is a result of banks shorting the futures contracts, having bought forward production as a result of miner hedging.  This is a theory that would tend to fit the facts.

Now, the critical question:  do you have any evidence to support your supposition?  There is another theory that fits the facts and that is that present demand is very high, consequently, there are a lot of participants trying to secure silver for present demand, which would also explain backwardation.  There is some evidence to support this hypothesis.  Now, where is yours?

Mar 1, 2011 6:47 PM

no show of force for Egypt or any other non-exporter, huh?

Mar 1, 2012 10:24 AM

how'd that "redistribution" work for South Africa, Rhodesia, Zaire (or wtfever it is presently called)?

blacks never built any of the wealth they seek to have redistributed to their pockets.

Mar 1, 2012 12:19 PM

wow, so your goal is to cause an industrial panic.  That's totally fuckin awesome.  You are really a bighearted fellow...I wonder how many people needing silver for antibiotics or other critical industrial uses will die as a result of your and silverbugz' desires to be petty tyrants.

You piece of shit...you say I worship Bale and death...fuck you.  You are here hoping to cause a fucking PANIC.  LH called you exactly for what you are, you fuckin scumbag.

Mar 1, 2012 12:21 PM

LOL...good luck getting diesel fuel for that and parts, you doomer idiots

Who's going to SHIP IT TO YOU when the "trucks stop bringing food to the cities"?

Mar 1, 2012 12:28 PM

You motherfucking moron.

The TITLE OF THE ARTICLE ON WIRED: "Greed Isn’t Good: Wealth Could Make People Unethical"

English, MOTHERFUCKER, DO YOU SPEAK IT?  From the THIRD paragraph:  "Occupying privileged positions in society has this natural psychological effect of insulating you from others,” said psychologist Paul Piff of the University of California, Berkeley. “You’re less likely to perceive the impact your behavior has on others. As a result, at least in this paper, you’re more likely to break the rules.” "

How many times are you going to need to get your ass handed to you?

Mar 1, 2012 12:29 PM

The debate has been resolved in favor of nature for some time now.  You really should keep up with current research.

Family environments are the way they are primarily because of nature.  Culture is created by people, not the opposite.

Don't listen to pseudoscientists like psychologists for answers on science.

Mar 1, 2012 4:17 PM

yeah, bitch YOUR goal.  That is what YOU want and you are trying as much as you can to make it happen.

You're going to "meet the needs" ROTFL.  You fucking liar; you are going to try to lord it over their heads and be a petty tyrant.  You will be killed by sane people.

Mar 1, 2012 4:19 PM

WTF...the dude SAID that one of his purposes was to SPEED the industrial panic.

That's like ah, the old guy is gonna die anyway, let's push him now.

You people aren't preparing for the inevitable, you are hoping to help CAUSE a panic so that you can capitalize on it.  You are all a bunch of pieces of shit. 

Mar 1, 2012 4:20 PM

how did you know I was talking about you?  Oh yeah, I said "idiot."

Mar 1, 2012 4:23 PM

You fucking RETARD.

Did you even BOTHER TO CHECK YOUR FACTS before running right in to get your head cut off again?  You are a truly SPECIAL kind of stupid.

The guy I quoted in my second cite WAS THE AUTHOR OF THE STUDY.  He was quoted by Wired in their description of his findings.

Good fucking GOD you are a clown.

Mar 1, 2012 4:25 PM

how many ways do you want me to take apart your idiocy?

Any post by you is so target-rich I can barely figure out where to start.  Between the utterly stupid things you say, the strawmen, the reductios ad absurdum, just the sheer MORON that is you.

What a clown you are.

Mar 1, 2012 4:27 PM

or any of a number of other dealers....

Mar 1, 2012 4:43 PM

somethin blew up in KSA

Mar 1, 2012 4:58 PM

your last john?

Mar 1, 2012 5:05 PM

orly?  no shit huh?  What's next, you're going to tell me that EIAs projections of 217mbpd in 2035 are bullshit too?

YOU JUST WORSHIP BALE

Mar 1, 2012 5:06 PM

Sure is peak stupid with you two morons on the case

Mar 1, 2012 5:08 PM

what rumor, that C&C didn't peak in 2004?

Mar 1, 2012 5:09 PM

rally in what, everything is up!!

Mar 1, 2012 5:11 PM

17000 for fucking DOGS?  W T F

Mar 1, 2012 5:15 PM

BOMB IRAN NOW!!!!

It had to be them.  I don't care if the evidence isn't in.  Let's rush to judgment and just wantonly bomb.  And after the fact, who cares if the evidence doesn't implicate them, bomb them anyway.

Mar 1, 2012 8:48 PM

what is BOMB, Alex?

Mar 1, 2012 9:25 AM

silverbugz got blowtorched

Mar 1, 2012 9:28 AM

causation is backward

Mar 10, 2010 10:31 PM

electronic futures?

does that mean electronic gold or will they just go to the discount window for delivery?

Mar 10, 2010 10:49 PM

They can get you for giving a false statement to police...

I believe it is your obligation to lie to the police, the government, and all the rest...said Jesus, render Caesar's things unto Caesar

Mar 10, 2010 4:39 PM

Nice $20 vertical drop on gold right at noon wtf

Mar 10, 2010 4:41 PM

There is no competition among borrowers for access to capital, thus, rates can't go up.

NOBODY is borrowing except the USG...and I guess they are borrowing from the ONLY lender, the Fed.  So, they get a real good rate

Mar 10, 2011 11:52 AM

This commentator was far more interesting when he was in drag singing "supermodel."

Mar 10, 2011 12:51 AM

LHD3 can't enforce a no-fly; they simply lack sufficient air power.

Call me a cynic, but France has been interested for some time in getting combat experience for their forces and this would appear to be an ideal situation for them to pitch CDG into.  France was desirous of going into Iraq with us except they got snubbed by Busch.

When you have a CVN like CDG, you're eager to use it.  They steamed all the way to the Indian Ocean just to get in some sorties in Afghanistan.  Libya leaves them closer to port and there are much more opportunities to turn & burn in this theater, maybe even some actual air to air kills.  A chance to shake out the Rafale's kinks and further the whole "joint ops" thing that they did landing on the Stennis (and vice versa).

Mar 10, 2011 2:13 PM

told ya...France wants actual military experience.  It is irrelevant whether this is a just cause or not.

Using the CDG to attack Libya gives them operational experience that is hard to come by, lots of turn&burn sorties possible, real air to air kills, etc.

It's unrealistic to expect a nation to pursue the type of naval air assets France has and then not be desirous of putting them to use.

Mar 10, 2011 2:22 PM

a dude who lacked the perspicacity to see that NeObama was a schmuck is now to be trusted with further prognostication?  LOL

Mar 10, 2011 2:24 PM

i'm still looking at a WTI print of 101+...how much safety is this dollar again?

Mar 10, 2011 2:33 PM

while it is common for the spoilt brat elites to raise their children to think the same as they do, that they are better than common people, and to act accordingly, this notion that the elites can merely speak and the masses will obey is a bit...er...misguided.

The government's lack of toleration of even the chance to just blow some steam off is going to cause said steam to continue pressurizing until an explosion occurs.

This is the Age of Corruption we live in and those disenfranchised from the good times by wealth stratification fed by corruption are seeming to collectively awaken globally.

Mar 10, 2011 2:42 PM

tell them to fuck off and default.

The euro was good while the ponzi boom lasted...now it's useless. 

Mar 10, 2011 3:41 PM

arab soldiers really suck tho

Mar 10, 2011 3:48 PM

fuck off

how's that for relevant, bitch?

Mar 10, 2011 3:53 PM

quick question...do you HONESTLY believe that Paylin is a theocrat who believes in a damned thing?

I would prefer Paylin as President because at least she'd be ENTERTAINING.  This current guy is just so unfunny and tragically so. 

shit is gonna burn anyhow so may as well get a laugh out of it

Mar 10, 2012 11:26 AM

There isn't blood in the streets unless the merchandise in question is highly desired by black people.

Detroit went the opposite direction of Pittsburgh for the same reason...blacks.

Mar 10, 2012 11:54 AM

I guess I am the only one here outdoorsy enough to know to bring ass gasket?

Mar 10, 2012 4:35 PM

please join them

Mar 11, 2010 1:22 PM

Never, ever underestimate the stupidity of the people in power.

Everything they believe is bullshit.

I mean, look at the liberal agenda or the "conservative" one, for that matter...look at the things these talking idiots say.  Look at what they believe.  They exist in a state of cognitively dissonanced delusion.

Some "economist" will say that they should tax land more to get more stimulus or something.  This is actually how Rome ended up paving the way to the feudal dark ages...raise those taxes, debase the currency.  The lesser-wealthed had to sell themselves into serfdom to be protected from the land taxes.  The policies of the empire destroyed all the weaker hands until you ended up with massive feudal duchies.

It's very clear when you argue with a liberal or conservative that you get an internally irreconcilable DOGMA.  They believe things with every fiber which are very obviously and provably bullshit.  Gun control or military policy, Patriot Act, Deficits don't matter, and on and on

Mar 11, 2010 1:30 PM

LOL...said the same thing on one of the million madmax threads on TF.

Stockpile medicine.  A simple infection is life threatening without antibiotics.  You have them, you name your price to a dying man or the parents of a dying child.  THAT is pricing power.

Even aspirin or NSAIDs to control a fever.

The people who stockpile guns for the EOW are fools; better to learn skills like how to make opium or something.  Find something that sells well in collapsed societies.

And, the FRNbugs would be wise to understand the paradox of their idiocy - as society "collapses," and becomes more primitive and less "enlightened," what does that do to the value of shiny things?  Seems to me that more primitive societies place a higher value on worthless yellow metals.  We are not going to revert back to the "dark ages" but maintain all of our modern sensibilities. 

Mar 11, 2010 5:15 PM

What's more is he shamelessly cribs from others.

For example, got banned for arguing Peak Oil and then I see references to the Cantarell YoY declines that I used in the argument in subsequent tickers.

Told him the Fed would QE, he said they wouldn't, got banned for that once too I think lol and then I em'd him sayin I was right, you were wrong, so unban me.  That went nowhere.

The forum is full of people who are would-be vultures, just like here, but who've chosen to side with the FRN.  Everybody gotta place their bets, they placed theirs.

Mar 11, 2010 5:24 PM

The lead madmaxers are FOS.

GFD, take a look at MEXICO.  It's right there on the border...do you REALLY THINK you have a chance in hell against those drug gangs OR the police?

Think about Afghanistan - YOU are going to defend YOUR plot against the Taliban or a local warlord?

Your ONLY chance is to join a larger group and be ready to freaking kill people who do not threaten you, IOW, be in the Mafia.  Nobody ever won being The Postman...life is not SOCOM Strike Team Bravo.

If society REALLY breaks down, I don't care how many guns you have...GTFO.  Take what you can carry and run.  TWO ex military guys with even a smidgeon of small-unit combat experience will KILL YOU.  Hell, look what that one crazy messican ex-marine did to the police in that one shootout caught on video.

Have YOU spent years drilling small unit combat?  Do you know how to do bounding overleaps with a friend?  Pieslice corners?  How to advance under fire?  Where to even shoot?  How to peel retreat?  These guys have all spent literally years practicing and drilling these techniques and tactics and many have actual experience in combat using them.

The police in that messican marine shootout had the dude outnumbered 10-1 and still they said he scared the hell out of them.  Unless you are willing to shoot and kill people like a drug gang, you will be the one getting shot and killed BY them in madmax.  If that nut would have had a friend, they would have killed all of the cops that eventually ended up cornering the guy.

In Argentina or other places where there still *is* a society, a pistol and shotgun are adequate, but there's no need for 100 million billion rounds of ammo, every conceivable gun...keep those to trade for food or toilet paper.

The lead TSHTF people have to hope that society makes it, and if so, gold is more value dense than weapons

Mar 11, 2010 5:27 PM

You're aware that FDR devalued the cash in that period, right?!?!

A 10k stack of 100s is lighter but physically larger than 9oz of gold

Mar 11, 2010 9:02 PM

this trend means that yields should fall.

All those expecting a market crash, take a look at coal and pipeline MLPs...yields in the 6s or 7s.

I think that the market's rise has been more of a *reflection* of the fact that risk-free yields are 0 and anyone interested in any kind of a yield has to chase equity issues up.

I don't see a MLP like KMP going TU in even an apocalypse; they get paid to move gas around and pay a dividend on that traffic.  If treasuries are risk-free yielding negative, that leaves stuff like KMP up there at 6.x% as about the best you can do looking for a low-risk yield play.  If yields continue to fall, paradoxically, equity issues that trade more like bonds will continue to climb in price.

I mean, how else does one explain IYR these days?  That's like a junk bond that suddenly got a gov backstop.

Mar 11, 2011 1:23 PM

i concurred.

I argued with a date that Gore would have invaded too...it was the appropriate "move."

I also bet money that no WMD would be found because it was obvious to me that there were none

Mar 11, 2011 1:25 PM

this is like claiming Rio is safe because I didn't feel threatened in Copacabana.

The data does not corroborate your claim, which is false.

Mar 11, 2011 1:27 PM

Japan actually follows stringent codes...Chile, based upon the outcome, does not

Mar 11, 2011 1:32 AM

idiot...so it bothers you not that the government is infested with corruption?  You STILL trust them to spy on everyone?

Who is going to spy on THEM to interdict the payola, bribes, kickbacks, and graft?

Mar 11, 2011 1:32 PM

do you understand that buildings such as these always come down roughly in their own footprints?

Mar 11, 2011 1:32 PM

wow...it can't get any more moonbat than this...

Mar 11, 2011 1:33 PM

if this were China or Iran, we'd be seeing massive collapses and 100s of 1000s dead.

Gee I wonder if we'll see massive riots like after Katrina?  More are dead here already from the severity of the disaster, so surely we'll start seeing the japs looting and all that, right?

Mar 11, 2011 1:35 AM

maybe they can back the yuan with toxic rivers or black lung cases

Mar 11, 2011 1:37 PM

the data simply does not corroborate your statements; got it?

And you are by no means the first person who has made this error.

Stay away from Rio?  WHY?  It's so nice and it seemed safer than Baltimore.

Mar 11, 2011 1:37 PM

no; they aren't.

There are 3rd world cities and countries which are safer than some US cities with high percent black populations, such as Detroit, NO, eSTL or Baltimore.

But then these cities aren't remotely comparable to the low crime rates in places such as SLC or Boise or other melanin-devoid population centers.

Mar 11, 2011 1:42 PM

scram that mfer, no?  Don't they have the guy up there with the bucket of borax?

Mar 11, 2011 12:04 AM

horseshit...China is printing even faster than the bernank is.

China's market is opaque and they flat out steal shit.  You're going to trust them with a reserve when they encourage knock offs and IP theft?  How many fraud stock listings is it going to take before this yuan reserve bullshit ends?

Mar 11, 2011 2:37 PM

he speechificates well...like Raygun did.

Mar 11, 2011 3:31 PM

wow...

so a bunch of people who weren't even ALIVE in 1945 are now somehow responsible for the actions of people who are LONG DEAD?

Hell, many here didn't even have ancestors IN THE COUNTRY in those years.

WTF is wrong with the idiots on this planet?

Mar 11, 2011 3:51 PM

Boron=wanton neutron absorber, used for SCRAM operations in a pinch.  If they have to they will just dump this into the reactor and it will quickly provoke non-criticality.

Meltdowns only come from failure to recognize the scope of the accident and unwillingness to go to shutdown right away.

Mar 11, 2011 3:53 PM

they will borax it if it gets that far

Mar 11, 2011 4:39 PM

has corn got a substitute?  I don't see much technical advancement in grains or oil either.  Seems like they can't just engineer more transistors into a gallon of milk and call it deflation.

If we take Dudley's (and the Fed's) calculations at this...products that were expensive 20 years ago, electronics and whatnot, are now worthless.  This indicates 100% price deflation, right?

I certainly get way more megabits from my internet connection too, so you've got to factor in all those extra porn bytes.  Nevermind if a bag of chips is double what it was a couple years ago, the "singularity" means that we can eat information and transistors.

Mar 11, 2011 4:41 PM

well, to be somewhat fair, ethanol was added as a MTBE replacement for smog prevention.  But it does have less energy in it than equivalent volumes of gasoline.

Mar 11, 2011 4:54 PM

a tiny resource.  3Bbbl is not a very large find.

Mar 11, 2011 4:56 PM

one question...is there a person left on this planet who knows the difference between loose and lose?

Mar 11, 2011 5:04 PM

same pretext.

The invasion was the "appropiate" geostrategic maneuver

Mar 11, 2011 5:05 PM

I could suffer that but not his earlier misuse of "your" instead of "you're."

The 145 must've been an internet test

Mar 11, 2011 5:12 PM

you have already denied the data ab initio...

nevermind that it was YOUR claim that W Africa was safer than the USA, and the onus would be upon you to demonstrate that with evidence beyond your laughable anecdotes.

I countered with my own anecdotes, demonstrating the absurdity of making such an anecdotal claim, but you remain undeterred.

The data comes from the UN and is available on wiki if you want to look.

Mar 11, 2011 5:17 PM

are you stupid?

because, according to your thesis, Dakka and Mumbai would have the highest rates of homicide in the world, by far, yet they do not.

India has utterly massive slums, the largest in asia, with population densities that are utterly mindboggling, yet no vast homicide rate to go with them.

To be perfectly blunt, if you want to assess rates of violent crime and homicide, you need to primarily check percent black population and secondarily percent hispanic population, as these two groups tend to contribute 85-90% of these types of crimes.

Also, you might want to check on Japan's density...seriously, I don't know how you could make the claims you just made as they don't even stand up to even a passing scrutiny.

Mar 11, 2011 5:20 PM

dude...in the absence of evidence as to a cause, it is NOT warranted to leap all the way to fucking CIA teams with thermite!

there exist manifold alternative theories as to cause of collapse beyond a gigantic conspiracy of government malefactors.

Mar 11, 2011 5:23 PM

anybody who sees "controlled demolition" in the collapses of WTC2 or 1 is a true moron.

WTC7 is another matter and its failure remains unexplained...in fact, nobody has really tried to explain it.

However, that said, I am far more inclined to believe in a coverup of far more mundane facts, such as shoddy construction, corrosion, than I am of a massive operation involving 1000s of government agents, including of course all the diversity hires promoted to positions of authority to make these agencies "look like America."

Mar 11, 2011 5:26 PM

nevermind that there was no such "finding" after the last big jap disaster and there isn't any now...

All those dark skins in the NO Walmart (inc the cops) with those shopping carts loading from the shelves and racks were just "finding" shit.  You're right, sorry I characterized their obvious serendepity as looting, because you know, I'm rayciss and it really looked like they were wantonly stealing from a walmart.  And after that Omar guy in the BART system that the "riots" hit a Foot Locker.

Mar 11, 2011 5:30 PM

rayciss...you rayciss...oh noooooooooooo

STFU man

Mar 11, 2012 1:02 PM

ah, the cry of people with low IQs

You may have a point with people who are savantish but it's really that they don't like YOUR version of how society should be and they find you trifling and banal, as I do, but for different reasons.

A person like me however, I'm better than you at everything you do, even what you think you're good at.

Mar 11, 2012 1:27 PM

don't get WWIII, get rid of cable and get DirecTV

Mar 11, 2012 10:33 PM

I couldn't see anything in the article that had much to do with China

Mar 11, 2012 12:52 PM

you don't really do well with laws of chemistry and thermodynamics, do you?

Mar 11, 2012 2:01 PM

don't underestimate willful ignorance either

Mar 11, 2012 5:43 PM

it doesn't matter if they have anything to lose or not

Mar 12, 2010 10:55 AM

FRNbugs may not want to hear it, but it's as I've said:  we are facing an existential crisis in paper where there's a discontinuity moment coming in which confidence undergoes a phase change.

People are waking up to realize that it's all bullshit...all of it. 

Mar 12, 2010 11:06 AM

Ever wonder why the police are so overpaid?

It's so they really WILL beat their countrymen for protesting austerity.  They know that as long as the government exists and they are part of the Holy Trinity, their checks will keep coming.  Feudal constables were relatively powerful, significantly better-off than a serf.

The police and, to an extent, the military exist to serve the government which is controlled by plutocrats.  It doesn't matter what country you look at, even ones where the leadership INCONTROVERTIBLY took bribes in broad daylight and sold the nation out (Argentina), the police STILL dutifully stood up and gassed, beat, shot, tased, and imprisoned the People who ostensibly are in charge in a Democracy.

The government stood up to protect other members of the government.  Just as surely as those New Orleans cops were ASSISTED by the investigator empowered with investigating their murder of unarmed civilians on a post-Katrina bridge.  The investigator PROVIDED THEM with a drop gun.

Anyone thinking that this won't go the same way here is a fool - it already has.

Mar 12, 2011 1:25 AM

i hope VA does it and those of us living in the state can get discounts...it'd be nice to have a convenient gov mint to get this stuff from

Mar 12, 2011 1:35 PM

how old was she?

Mar 12, 2011 1:44 PM

JFC how many moonbat conspiracy theories can idiots spout in such a short span of time?

Christ, these theads are becoming rapidly unreadable...

Mar 12, 2011 10:41 PM

why the fuck would there be looting?  This is Japan...they are not blacks.

As for the rest, the Japs pull together in disasters and help each other...again, this isn't an african population

Mar 12, 2011 10:45 PM

are you people idiots?

The entire nation of Japan is a freakin fault line and near volcanos.

Mar 12, 2011 10:52 PM

Huh??  Are you retarded?

The fuckin thing got hit by a tsunami from the 5th most powerful quake recorded and you are writing off nuclear power as an institution...JFC, how hysterical can you get?

Mar 12, 2011 10:53 PM

Let's all just totally panic and throw out wild conjecture and moonbat conspiracy theories!

Mar 12, 2011 11:00 PM

and you know what, they would be RIGHT!

WTF is with all you chicken littles???  JFC, SHIT HAPPENS sometimes.

stop whining.

I am totally amazed at how clear all of your hindsight is.  Where was the clarion call in your last tl;dr novel for tsunami risk to coastal japanese reactors of 40-year old design?

Mar 12, 2011 11:01 PM

Everyone please PANIC NOW and run around like the world is ending.

It fits well with the bs apocalysm here and the moonbat conspiracy theories.

Mar 12, 2011 11:34 PM

nah...I have a pretty good idea of what the scope of issues here are with this particular reactor design.

We released far more radiation with surface nuke tests and still do so every year with coal and trash burning; the apocalypse has not unfolded as a result

Mar 12, 2011 11:37 PM

oh JFC, more moonbat shit...an earthquake weapon, gtfo here.

Can't tyler PLEASE put a separate ZH site up called ZHmoonbats.com where you people can post?

Mar 12, 2011 11:41 PM

the news coming out is by a thousand sources and is disjointed.

We don't know whether this means the reactor vessel is compromised.  If the core is exposed, radiation detectors would be going apeshit everywhere.

Recall that Chernobyl was discovered by virtue of radiation alarms going off in Sweden and shit

Mar 12, 2011 12:32 AM

there was nothing inherently wrong with the RBMK reactor; in fact it opened the door to consumption of far more regular uranium.  It just needed to be managed, you know, carefully and shit.  It had a lower margin for error due to positive void coefficient and the dumbass Russians made a lot of mistakes that night.

The Japanese reactor isn't even remotely analogous and at this point their only problem is sinking heat from the core which is now noncritical.  People need to chill the fuck out.

There are still humans alive inside Chernobyl Dead Zone.  The flora and fauna are very healthy.  Radiation typically causes cancer in OLD people who are gonna die before long anyhow.  Those caught looking into the exposed Chernobyl core from 1km ended up dead quickly, sure, as did liquidators and others with acute exposure.  But, those merely exposed to fallout or the ambient radiation in the Zone really didn't fare that poorly.  They may die of cigarettes before any other cancer.

Mar 12, 2011 2:29 PM

I'm sure we'll find out post hoc that the engineers were clamoring for immediate emergency action but that management pooh-poohed it to try to save face or appear in control.  This phenomenon of ego and arrogance seems to replay in every disaster.

Mar 12, 2011 2:29 PM

Japan didn't come up in Lord Ruxpin's tape

Mar 12, 2012 1:22 PM

it's fuckin just AMAZING then that the greases manage to work SO MUCH and SO HARD and yet produce frickin NOTHING.

Maybe they are just pretending to work, eh?

Mar 12, 2012 1:24 PM

that YOU wrote it, dumbass. 

WTF would you care about a junk anyhow?

JFC, man, I can go from 150-12 GR to 12-150 GR in two different threads on the same day just by pushing the right buttons.

Mar 12, 2012 1:39 PM

yeah only about 6 months after I put the thing on

Mar 12, 2012 11:54 AM

pt = au now...

Mar 12, 2012 11:56 AM

doesn't matter...he lost and miserably.

Mar 12, 2012 11:57 AM

the greasy greeks were NOT INNOCENT.

Benefits cut commensurate with how little WORK THEY DO.  This nation DOES NOT PRODUCE.

The previous poster says greeks are opting out of the system...fuck, they've opted out of working for decades now.  Cut them off.  No more living off of the surpluses of Germany and the other nations that are responsible.

Mar 12, 2012 11:59 AM

somebody might...I think there was this guy who repeatedly recommended this convergence pair trade

Mar 12, 2012 12:01 PM

I don't know but there's been a nonstop parade of these types of posts on ZH for well over a year now.

And they've all been bullshit

Mar 12, 2012 2:14 PM

nah man, if i was gay i would only date circumcised men

Mar 12, 2012 2:17 PM

wtf is geographic information systems anyhow?  get a real degree, one of the 5 or so E degrees

Mar 12, 2012 2:20 PM

norway isn't yet carrying a 25% 3rd world demographic.  Seeing as white countries are for everybody while countries of all other races are ONLY for them, give Norway time to wilt under the guilt trip of the tribemedia (which steadfastly supports an apartheid State)

Mar 12, 2012 2:21 PM

at the Iowa caucuses.  I told you idiots that like it or not, it was all over after that.

Mar 12, 2012 2:31 PM

nothing's wrong with the chart...the fed is buying the curve.  wtf is so hard to figure that ben is doin EXACTLY WTF ben SAID he goin do?

Mar 12, 2012 2:36 PM

i dunno why these euro deposits are fleeing...the banking system is all euros from the ECB

Mar 12, 2012 4:20 PM

Key bloggers and influencers....TYLERZ ON THA PAYROLL BITCHEZ  lol

Mar 12, 2012 4:23 PM

anyone who waited till school to learn to read and write is a shitty reader and writer.

Mar 12, 2012 5:52 PM

all I know is that silverbugz lemmings who stampeded back in with the breathless calls of "silver to da moonz" when it showed some life moving from 33 to 37 have gotten their heads totally cut off and blowtorched

Mar 12, 2012 5:56 PM

using that gives a price for platinum of what, like $20,000 an ounce?

This is why crustal and production ratios are not as useful as they might seem.

Mar 12, 2012 5:58 PM

the fact that you just made this prediction with such certainty should make ANY holder of PMs *very* very fuckin nervous because your predictions don't normally take longer than a few days before blowing completely up in your face.

Let's just all cross our fingers and hope that this is one of the "twice a day."

Mar 12, 2012 6:01 PM

what the fuck, shouldn't EVERY spare dime of MFG's "assets" be encumbered and frozen due to the BK and the avalanche of claims against them??!?!

They freeze accounts of regular people with a phone call or a signed piece of freakin paper all the damned time and this fucking organization that is BANKRUPT is still going to pay BONUSES?!?!

How much longer before people start lighting matches?

Mar 12, 2012 8:15 PM

lol, just not in any commercially recoverable deposits...

Mar 13, 2011 1:08 PM

it sounds mostly correct.

This is precisely why madmaxers with bailout spreads are not in their right mind.

Nevermind all the EMP stuff; nuclear materials generate lots of heat and without cooling, they will eventually melt shit.

Mar 13, 2011 10:31 PM

oil and PMs getting monkeyhammered...nikkei not recovering yet

Mar 13, 2011 10:37 PM

breaking says that there is no tsunami now...they see some 10 foot waves.

NHK Live has bldg #3 explosion in Fukushima #1

Mar 13, 2011 10:41 PM

"half-life"...google it

Mar 13, 2011 10:52 PM

I am watching NHK and MSNBC alternately...this is what is coming out.  They have a live heli feed near Fukushima

Mar 13, 2011 10:54 PM

I agree; it didn't look like an explosion to me.

The bottom line is that if by ANY means, they can get borax and seawater through this core, there will not be a true meltdown.

These reactors have obviously been damaged beyond repair or use at this point, but there is a way for them in worst case to basically drill a fuckin hole into the vessel and pump water through it.

A suboptimal solution, yes, but Hanford ran the Columbia River through its core; some downstream sluice gates and heavy materials capture trays would prevent most discharge of radionucliides to the ocean.

It's not as if this is a lost cause.  They are just having trouble cooling the cores...if the reactor was going to "explode," it would have done so already; it's already been 3 days.  People need to stop panicking and cease the hysteria

 

Edit: before and after clearly show 2 outer containment bldgs wrecked; there was a second real explosion.  Bldg 3 gone

Mar 13, 2011 10:56 PM

good for you; Chernobyl Dead Zone is one of the cleanest, most pristine places on earth now.  All the humans left.

Mar 13, 2011 10:58 PM

Bldg #3 has blown up...before & after on NHK and MSNBC live right now clearly show 2 outer containment bldgs destroyed.

#1 on far left, top half blown, bldg 3 looks like it lost all its concrete.  2 & 4 still look pristine

Mar 13, 2011 11:04 PM

China couldn't take Taiwan.  Destroy it, sure, but not take it

Mar 13, 2011 11:10 PM

2 bldgs destroyed, #1 and #3

Mar 13, 2011 11:17 PM

this is what happens when residual coolant gets boiled off and pressure must be vented.

Maybe they ought to think about ventilating #2 and #4 going forward

Mar 13, 2011 11:58 PM

JFC, man, STFU with the hysteria.

Within this period of Chernobyl, radiation alarms were going off in countries 1000mi away.

That has not happened here.  And it most likely will not.  And you are ready to pull the plug on the entire nuclear power industry??

In fact, what has just happened?  One of the few largest earthquakes in recorded HISTORY PLUS a gigantic tsunami!

And STILL the shit hasn't melted down or gone critical or caused a massive catastrophe.  Meanwhile, oil refineries are ablaze...you are pissing into the wrong wind

Mar 13, 2011 12:57 PM

sort of a catch .22 here...reactors need power to maintain cooling but the power is provided BY reactors

Mar 13, 2011 8:59 PM

godspeed, everyone

Mar 13, 2011 9:11 PM

wtf do you expect, the nation just got hit by one of the few largest earthquakes in recorded history and an utterly massive tsunami...after we thought Xmas day in 04 was once in a lifetime.

And what do we see on ZH?  Shorts bitching that the CBs may monkeyhammer them.  Everyone is no more than a speculator vulture.  Japan should close their exchanges as they have more pressing needs right now than feeding casino frenzy

Mar 13, 2011 9:17 PM

Let's hope this is as bad as it gets

Mar 13, 2011 9:18 PM

fuck them too...get rid of all of them

Mar 13, 2012 1:15 PM

you're the type that pounds nails with his forehead, aintcha?

Right, right, stay positive and all that shit

Mar 13, 2012 11:25 AM

wtf are all these gobbledygook charts?
Look...you can't pay interest in excess of income (growth) in this creditmoney system. Period.

If your interest exceeds growth, you have to print the balance otherwise the system implodes.

Mar 13, 2012 11:39 AM

company has $100B in cash.  WTF u expect?

yes, if you have a company that has $100B in cash, you will be AT LEAST worth $100B in market cap

Mar 13, 2012 12:45 PM

Listen doofuses, and listen good.

the REPUGNICON PARTY and the repugnicon party ALONE decides who its candidate will be.  Anyone with a fkin BRAIN knew that it had decided AB INITIO that this person WOULD NOT be Ron Paul.  There is nothing you can do about this.  Voting will not matter.  The GOP will not have him as their candidate.  End of story.

And, the Demoncrap AND Repugnicon parties CONTROL who will be elected President at the present time.  Until and unless additional parties emerge with the CLOUT to FORCE the MSM to televize them with the same coverage as the orthodox parties, nothing will change.  There is NO HOPE through the conventional process to effect a candidacy that is outside of the set of candidates the national Parties will permit.

Mar 13, 2012 12:56 PM

lemme guess...THEY ALL DO IT

Mar 13, 2012 2:12 PM

sorry, GS doesn't wholly own the Fed.  It is merely ONE of the parties that wholly owns it lol

Mar 13, 2012 3:10 PM

Pt>Au even on the bid now

Mar 13, 2012 3:26 PM

mild price action in gold...silver holding up, Pt positive and past gold now...

maybe some of the terror luster will bleed off of Au, but oil and Pt tell a tale of some sort of business activity rebound into the overhead oil supply curve.

The growing mothballing of nuclear power plants make NG a potential blockbuster spec trade...let's just hope they don't shut these things down totally because they will need to very abruptly restart them or else face outages in the near future

Mar 13, 2012 3:27 PM

silver is not getting blowtorched today...gold down a whole 1% ZOMG

Mar 13, 2012 4:04 PM

how hard is it to pass a stress test when you have unlimited cash from the Fed?

Mar 13, 2012 4:13 PM

Obama has succeeded in cutting the deficit, as promised.  He cut it a full -600 to -1000 billion

Mar 13, 2012 7:17 PM

you are an utter fuckin idiot...there is so much wrong with your ridiculous notion that we can just pump more oil that it's difficult to know where to begin.

Ramp up the drilling, it won't do a fucking bit of good.  We've been poking holes in the US oilfields for over a century, you gd ignoramus.

Mar 13, 2012 7:19 PM

asinine...if we start trying to fucking run everything on NG, it will no longer be CHEAP or ABUNDANT.

We will deplete it incredibly rapidly.

Energy independence is a JOKE.

Mar 13, 2012 7:20 PM

good fucking LORD you are stupid.

Peak Oil theory, THE ORIGINAL peak oil theory was that the US would achieve production peak in the early 1970s, EXACTLY WHEN IT HAPPENED.

Just shut the fuck up already.

Mar 13, 2012 7:23 PM

the US is not a net exporter, you fucking idiot.

Anyone with an OUNCE of knowledge about this subject knows your claim to be FALSE.  Not just sorta false, but belly laughing, motherfucking FALSE in all caps.

ALL OF YOU, shut the FUCK UP.

Who the fuck ever convinced you idiots you were intelligent enough to have an OPINION on this shit?

Mar 13, 2012 7:24 PM

it doesn't matter what you believe, you goddamned idiot.

Finding new sources is a binary test.  Demand growth outstripped supply growth by 8:1 before C&C peak in 2005.

JFC, just shut the fuck up already...you are a moron leading the morons.

Mar 13, 2012 7:26 PM

lol...nuclear will replace oil, which is primarily used for transportation, huh?

Good lord man, just shut the fuck up.

Mar 13, 2012 9:27 AM

so the FOMC will use bogus employment data along with bogus inflation data to justify a decision?  LOL

Mar 14, 2011 1:02 PM

I see there is at least ONE rational besides myself on ZH...thank God, I had lost all hope there for a minute.

What you say is ENTIRELY correct.  The presence of Cs137 indicates no more than water levels INSIDE the reactor having dropped due to boil-off of coolant.  This is how the thing functions.

Shit there sucks; there is no doubt of it...but those who secretly are WISHING for the end of the world, kindly BUG OUT NOW and stay in your hole till your canned ham runs out.

Mar 14, 2011 1:10 PM

dude...wtf?

There is nothing whatsoever SPECIAL about the presence of Pu in these reactors.  Any reactor is going to contain U that has been transmuted to Pu in its fuel rods!

Additionally, as far as gamma emitters, Pu is one, and there are many others.  WTF is with your hysteria over PLUTONIUM?

Mar 14, 2011 1:13 PM

No.  White people sacrifice for the greater good just like asians.

Stop acting like the "west" is typified by what you saw in Katrina or some muslim riots in Paris.

Russian liquidators and firefighters KNEW what they were getting into but they did it anyway. 

Mar 14, 2011 1:19 PM

that is simply untrue.

Some firemen lived to tell the tale and one of the tales they told was that they all realized the severe levels of radiation.  Read the wiki on the disaster and you can see what one of them said.

They knew what they were getting into but they did their duty.

Mar 14, 2011 1:27 PM

who fucking CARES?

Mar 14, 2011 1:30 PM

take another one then man, because your hysteria is not useful.

Mar 14, 2011 1:52 PM

never fly a long-haul flight.

Never get an xray.  Don't expose yourself to that big nuclear fireball in the sky.

radiation's risks are overstated.  Those who die of cancer tend to do so late in life.

Fuck, substantially more people will be murdered by blacks in this country this year than will ever die of radiation from Fukushima.  Substantially more than that will die due to car crashes.  Even more will die due to medical complications or drug interactions

Again...CUT the hysteria.

Hiroshima and Nagasaki were NUKED; they are currently inhabited.

Mar 14, 2011 1:56 PM

was I?  I don't particularly care...

Mar 14, 2011 1:56 PM

no we should not intensely live in the present as that precludes planning for the future.  A population intensely focused on the present yields societies like Africa

Mar 14, 2011 1:59 PM

GFD, why don't we put you and the rest of the armchair hindsight QBs in charge?

You seem to have planned for EVERYTHING after the fact.

Mar 14, 2011 10:02 PM

naw, man...MUSHROOM CLOUDS

THE END OF THE WORLD

RUN FOR THE HILLS

etc., you got the picture, right?  Do I need to tell you to buy KI and spam?

Mar 14, 2011 10:06 PM

why the fk are you still here??  Didn't I tell you to BUG OUT NOWWWWWWWWWWWWWW?

 

Who was the "expert"?  Another lawyer from Greenpeace?

Mar 14, 2011 10:10 PM

You don't actually have the first clue about radiation, do you?  Unless he was receiving iodated radiological compounds, KI is useless.

A full-body dose of the magnitude he stated would be fatal.  He was, therefore, receiving a very focused application of radiation, as he stated.

Mar 14, 2011 10:13 PM

Panic?

Mar 14, 2011 10:16 PM

Man, that guy on NHK is SWEATING

Mar 14, 2011 10:19 PM

400 mSv is very significant and a possible indication that portions of the core or spent fuel have escaped containment from #2.

Fire in #4 apparently began before the #2 explosion

Mar 14, 2011 10:21 PM

they are apparently now up from 8.217 mSv as I posted earlier to 400mSv.

They are evacuating 20km.  I would expect that this means that portions of the core have leaked from #2

Mar 14, 2011 10:37 PM

EVERYTHING is a conspiracy man!

Those who said that 200 uSv was a negligible dose were PAID INDUSTRY SHILLS.  You are so clever, man.  We tried to put one over on you but you found us all out. 

I just wonder how much more the hysterics will get around here now that we have some actually dangerous radiation levels.

Mar 14, 2011 10:40 PM

Sure, man.

they use beams of radiation on tumors.  They measure the doses in Grays.  People go back in for more radiation treatments.  Chemo in many cases isn't radiation...iodated radionuclides are most frequently used for imaging purposes in medicine.

There are only very limited circumstances in which KI is useful and that is exclusively confined to radioisotopes of Iodine.  In ALL other cases, KI is useless.

Mar 14, 2011 10:42 PM

wait...I get it...you think Peak Oil is a "theory" or otherwise untrue, right?  Lemme guess, abiotic oil guy?  Someone who doesn't understand the difference between rate of production and reserves?

Either way, this is not the thread to expose your idiocy on these other topics.  This is the thread for your idiocy on nuclear topics.

Mar 14, 2011 10:52 PM

awesome...how much gold you want for rent?

Mar 14, 2011 10:55 PM

you're right man...I should have just gone with the crowd and encouraged you idiots to PANIC.

So, mea culpa man.  Now I am on board the madmax train.

BUG OUT NOWWWWWWWWWWWWWWWWWWWWW

EVERYONE RUN FOR THE FUCKING HILLS

DIG UP YOUR SILVER AND RUN

Mar 14, 2011 10:58 PM

dude...we got it the 5th time.

Mar 14, 2011 11:08 PM

huh?  Days ago when we had bldg explosions I said this was worse already than TMI.  JFC, try to keep up.

At the FIRST venting of radioactive steam, the situation reached the severity of TMI.  TMI was a big nothingburger.

All I ever did was tell you idiots to NOT PANIC and stop the fucking hysterics and watch the dosimeters and the live feeds.

At every point, I highlighted that primary containment breach was a worst-case outcome and to watch dosimeters to ascertain whether or not such an eventuality had occurred.

For this to reach Chernobyl, there will need to be some kind of explosion or fire which liberates core elements.  That is STILL a possible, but less probable outcome.

Mar 14, 2011 11:12 PM

not a shill...wish I could get paid.

Were I getting paid, I would not have acknowledged even the possibility of catastrophe.

Secondly, you think *I* am hysterical about PO?  Compared to what you've seen here, really??  I have repeatedly denied any kind of TSHTF or TEOTW outcome from it.

Mar 14, 2011 11:13 PM

gold took a shit, silver...dollar not strong.

Expect intervention by the gov'ts shortly

Mar 14, 2011 11:19 PM

naw, if I am going short I will go with balls...put options.

I actually do own some Toshiba Plant Systems because of their acquisition of Westinghouse which was a minority partner in PBMR.  Surely this has taken a complete shit but I was up like 50% on it lol.

Other than that, my coal stuff was up bonzer today, and the rest is oil and pipeline MLPs.

I concur that govts will buy futures; they really have no other choice. If we get another '08, the show will stop totally.

One of my best friends is a jap and I had to call him last night just to make sure...this is a royal shitshow.  The part for this that has to be hard is that chernobyl and TMI were incompetence related; Japan got an Act of God.

Mar 14, 2011 11:24 PM

I agree...intervention risk is higher than the radiation levels at bldg #2 right now.

If the US market tanks like the N225, expect basically global financial meltdown part 2.

i am honestly surprised that the JCB has not started buying the N225

Mar 14, 2011 11:25 PM

we can concur on this

Mar 14, 2011 11:27 PM

NHK saying 400mSv at #3, 100mSv at #1...

god bless them all

Mar 14, 2011 11:46 PM

I usually end up carrying more

Mar 14, 2011 11:49 PM

apparently, you are confused.  I let others use the TV when I am not watching anything.  However, I am usually in the same room, ergo, I am subjected to the nonsense that kids like to watch.

But, I am always tickled at the errant conclusions you guys leap to, so keep them coming

Mar 14, 2011 11:54 PM

dude...the entire nation is a "fault line."

the epicenter was 100km offshore...wth do you expect out of them?

This was an Act of God that hit a 40-year old reactor complex.

Mar 14, 2011 12:02 AM

Japan is asians...katrina and haiti are blacks.

Note that there wasn't any looting in indonesia either.

VASTLY more people have died from this than Katrina.  Listen, fucking Katrina was a PICNIC compared to this.  NO was flooded, sure...but the devastation in Sendai is literally apocalyptic.  Things there have been obliterated, annihilated, wiped from the face of the earth.  Yet there will be no looting despite the orders of magnitude worseness of this catastrophe versus Katrina.

But let me just say, George Busch DOES NOT LIKE ASIAN PEOPLE.  Where the fuck is Coonye when we need him???

Mar 14, 2011 12:11 PM

twice maximum is still quite low, and far lower than would be seen in the event of primary containment failure.

we need actual evidence and actual measurements here

Mar 14, 2011 12:13 AM

if there has been a core breach, we will start seeing radiation alarms going off everywhere.  There are manifold journalists with dosimeters within range of this plant.  In the event of any catastrophic core ejection, the truth will become known very rapidly and there is no way to suppress it.  Too many boots on the ground, too many twitters, too much youtube.

Mar 14, 2011 12:13 PM

this is one major incident in the 40 year history of Japan's nuclear power program.  And it was caused by an Act of God that is simply off the scale, one of the strongest earthquakes ever recorded and a massive tsunami.

WTF do you idiots think a coal fired plant located at Fukushima would look like right now?  It'd be belching toxic fumes all over as it burnt to the ground.  It'd be a Bhopal.

Cut the fucking HYSTERIA

Mar 14, 2011 12:16 AM

Look...there are a thousand journalists there now.  There is NO WAY to hide a catastrophic core ejection.  Radiation dosimeters will be going haywire everywhere and people will be capable of uploading videos of them to youtube.

If that is what has happened, the truth will out very quickly.

Mar 14, 2011 12:16 PM

if I thought I could help, I'd be on my way

Mar 14, 2011 12:28 PM

the core normally is immersed in water.

When that water stops circulating, aka cooling ceases, it begins to boil.  THIS is the steam they have been forced to vent.  As it boils off and is vented, the water level goes down.

When you see Cesium in the steam, you know that the water level inside the reactor has gone below the level of the top of the fuel rods.  This is what they mean by "exposed."

When they say fuel rods melting, of course, EVERYONE harkens back to "China Syndrome" hysteria of "meltdown."

Mar 14, 2011 12:29 PM

you should be ashamed that you felt confident enough to express such a stupid opinion.

Mar 14, 2011 12:36 AM

well, the prevailing premise around here among the growing moonbat flock is that the Illuminateral Commissionbergers are keeping the whole thing a secret and lying nonstop.

The point I am trying to make is you CANNOT hide radiation if the core is being ejected.  The increase in gamma flux will be IMMEDIATELY and unmistakably apparent to anyone within many miles with a dosimeter.  Even if the governments conspired to not release the news, there are simply too many people too close with radiation dosimeters who would almost immediately note a significant increase in rem or sv count.  And they will TweeterBookTube this within minutes of noting it.

Mar 14, 2011 12:37 PM

Peter Bradford is NOT A NUCLEAR EXPERT.

He is a fucking LAWYER and was a member of the NRC, which makes him a BUREAUCRAT, not an expert.

He is a Global Warming guy who has written negatively about nuclear power in the past.  Fucking do some research.

AP is trolling for hysteria...and what Bradford says is materially FALSE.

Mar 14, 2011 12:39 PM

and if we don't, you will leave ZH and stop spamming with your fruitcake website?

Mar 14, 2011 12:40 AM

and because "nobody is at the plant," the history books are supposed to tell us WHAT, exactly?

Will people who have no facts, and only biased conjecture, ALL please SHUT THE FUCK UP ALREADY?

Mar 14, 2011 12:45 AM

WRONG.

Natural disasters strike the US without looting ALL THE TIME.

Wildfires in SD..no looting.  Repeated flooding all along the Mississippi and Missouri and other rivers...no looting.

Katrina in Mississippi, other portions of LA, and parts of AL...no looting.  Hurricanes...tornados, etc.

The difference is that these other disasters hit masses of white people and not blacks.  What you say condemns the entire US population for acts of black people who are responsible for this criminality. 

Mar 14, 2011 12:45 PM

your hysteria and paranoia is pure insanity.

You and the rest need to STFU until and unless you have evidence beyond "gee that looks fucked up."

As I have repeatedly said on the previous threads, there IS NO WAY FOR THE GOVERNMENT TO HIDE RADIATION in the event of a primary containment failure.  Does that COMPUTE for you?

There are about a few THOUSAND dosimeters now operating in Japan WELL CLOSE ENOUGH to detect such an event, whose effects will be unmistakable.

Please, all the hysterics, go into your bunkers for fuck's sake...bug out NOWWWWWWWWWWWW and stop posting.

Mar 14, 2011 12:50 AM

Life goes on...mammals outbreed catastrophes.

Mar 14, 2011 12:50 PM

Dude, just STFU.  You are an idiot.

Mar 14, 2011 12:54 PM

an anti-nuclear BUREAUCRAT is who Peter Bradford is.

Do you even BOTHER to check your sources before posting bullshit?

You morons pick apart every single little snippet on CNBC or related to markets or wtfever the Bernank says, but you can't even do a smidgeon of research on who this guy is?

When the fuck did everybody around here go nuts?  I have long suspected that people here aren't very bright, but this is just confirmation.

It's as most of the people here CLAIMING to be rational are just misanthropes HOPING for the end of the motherfucking world.

Please, all of you, just BUG OUT NOW and stop posting

Mar 14, 2011 12:58 PM

oil is depleting...there is no other option.  Future and current designs will be upgraded to account for total loss of offsite power.  And, again, I gotta shout out for PBMR which will not melt down.

Mar 14, 2011 2:00 PM

JFC, this hysteria is going up faster than the rad count in a full blown criticality accident.  We need Tyler to put a hysteria meter under the ZH banner

Mar 14, 2011 2:04 PM

huh?  This is already worse than TMI.

If I want to know about nuclear power, I don't read the Economist.

Mar 14, 2011 2:10 PM

there are a range of possible, but not necessarily probable, outcomes.  Just because an outcome is possible does not mean it will occur.

The first is that they succeed in cooling the reactor.  It's scrapped.  No more radiation is released.

the worst would be some kind of steam explosion ejecting core material or spent fuel rods into the atmosphere.  In between these outcomes is an actual meltdown which breaches primary containment.

Recall that TMI melted down but did not breach containment.

The nuclear reactions in the core have ceased; they are dealing with decay heat caused by radioactive elements which spit out these things called photons, which when they strike other atoms, cause increases in temperature.  We call this "heat."

As these materials decay into stable isotopes, no more heat is generated.  TIME is on OUR side on this one. 

Portions of the core have likely already melted, but containment so far has not been lost.  Even if it is, the circumstances leading to the worst-case outcome are unlikely.  The most likely would be an increasingly cooler slag pile of fuel at the bottom of the containment facility.

But as long as there are no explosions which eject core or spent fuel, there is no catastrophe as is being phrased here, with all this uninhabitable Japan and EOW shit.

Thus far, there have not been any, and as time goes on, this outcome becomes less likely.  But it is still possible.

Mar 14, 2011 2:17 PM

well, gold was an asset back in '68.  Then we went off the BW1 standard and the place to be was in paper stuff.  Those days are now coming to an end...simple as that.

Gold will continue to crawl upward as a percentage of assets, but the bigger issue is the 2001 production peak and whether the latest spike in production can establish a new peak or even a new trend.  If we see declines going forward, then price will adjust to reflect that, as well as if we see increases going forward.

Mar 14, 2011 3:05 PM

ROTFL.  The head of Greenpeace weighs in for the Guardian.

JFC...I am going to repeat myself here:  there is nothing particularly special about the presence of plutonium in these reactors.

Higher levels of latent cancer?  How much higher?  The additional risk here is statistical noise in the event of core ejection, dude.

And your hysteria is still ridiculous.  You think you can shout "PLUTONIUM ZOMG" and your little lemmings will charge right off a cliff with you...

Mar 14, 2011 3:10 PM

nah, man...you do.  You're obviously inflicted with some kind of deep-seated self-hate.

The reality is that the West has not been typified by something different than Japan.  There are disasters all the time in the US, floods, hurricanes, tornados, wildfires.  In virtually none of them was the behavior typical that the other guy said was.

If you don't like facts or reality, then I cannot help you.

Mar 14, 2011 3:12 PM

MEGAdeaths?!?!?!

WTF, man, where do you GET this kind of hysteria?  Is your PMS kicking in or something?  JFC

Mar 14, 2011 3:41 PM

I WILL NOT BE ENTERTAINED

lol

Mar 14, 2011 3:47 PM

ur right...fundamentals never matter.  Supply and demand are irrelevant.  Idjit

Mar 14, 2011 3:57 PM

that should be worth 5 or 10 blowjobs given your wife, eh?

Mar 14, 2011 3:58 PM

if the shoe fits.

Have some balls if you want to call me out

Mar 14, 2011 4:00 PM

but...but...SATURN AND JUPITER and the MAYANS

Mar 14, 2011 4:08 PM

I remember Chernobyl...the radiation levels in Oregone on the fucking COAST were in the picocuries range.  Basically don't drink the rainwater but even if you did, the level of exposure at that distance is minimal.

WTF is wrong with you suggesting KI to people?

Mar 14, 2011 4:35 PM

nice passive-aggressive, douchebag.

Look, man, I know that you enjoy all your little attention around here and you play to your crowd, but get a grip on yourself already.

If you want to respond to ME when I say you are hysterical, then respond to ME, don't be a bitch and try your girlish bullshit triangulation with "tyler."

Mar 14, 2011 4:41 PM

we're not giving up nuclear because we can't.

as far as peak oil, I don't expect most people to grasp it...nothing can or will change that.

If we give up nuclear then people will just find some boogeyman to blame for the more rapid slide down, and CD will post another 10,000 word diatribe on...something.

I just marvel at the perspicacity of the HINDsight of so many people who had no foresight whatsoever and how their "thoughts" slosh back and forth in their head so uncontrollably, forming their own tsunamis.

Mar 14, 2011 5:00 PM

I'm a perma bull?  wow.  I made $382,000 short in 08...go figure.

If you want to lick CD's jock, man, you don't need me interrupting, but you seem to be confused that anyone who doesn't say "ZOMG APOCALYPSE" is part of "TPTB."

And Guardian doesn't qualify as well-researched.  Look, it would behoove you if you could make the self-realization that simply because your misanthrope ass WANTS to hear a thing doesn't make that thing more likely to be true.  CD, for all his bullshit about being open minded actually ENCOURAGES herd mentality and selection bias in people like you.  And he knows it.  When this adulation is challenged, he gets pissy.  Yes, that makes him a bit of a demagogue and it makes you a sheeple.

Mar 14, 2011 5:01 PM

what are you gonna do, CD, talk me to death?

You going to write another diatribe about openmindedness or wtfever else it is while actively trying to encourage lemming behavior in your "followers," who provide you with that adulation that drives narcissistic gurus?

Why don't you just pass out the grape koolaid to all your followers and get it over with?

Mar 14, 2011 5:05 PM

nuclear physics packages do not consume all the fuel.  Coulombic expansion drives the atoms apart before full fission can occur.

Take a look at the data on 1945; the majority of fissile material was ejected and scattered.  In the case of Fatman, that was pure Pu239.

A nukeyaler core ejection would spread more radioactivity due to the sheer amount of radionuclides.

Mar 14, 2011 5:06 PM

you don't know the POWER of the dark side

Mar 14, 2011 5:17 PM

eh...socially toxic meets have no choice.  That is how I see it.

I think that within days, the hysteria will die down and lots of ZHers are going to be going "now wtf do I do with all this canned ham and KI?!?!?!"

There is no logical outcome in which nuclear goes away simply because there isn't any alternative.  There just isn't and we would be wise to make peace with that.

As for other visions...what, you want me to dream something up?  I like unicorns.  As for the real world, nuclear is IT.  There are alternative plant technologies like PBMR that have far fewer drawbacks, but the emphasis will be that FUD1 was a 40 year old design about to be decommissioned and all that.  And, it was.  If they can avoid catastrophic core ejection, they will rightly say, look, we got hit by an apocalypse Act of God here and we still pulled it out, nobody got killed, nothing severe happened.  That demonstrates the safety of this technology.

If we were to go the oil/gas route, that is going to collide head on into the export land model with a very dull thud.

The real problem is that idiots with agendas like the various "experts" cited around here are giving out statements to further their own goals.  And morons who can't tell the truth from fiction don't know what to believe and so they latch onto whatever makes them feel more self-righteous.

There is NO WAY that wind power and greentech gets us there...it's simply not feasible at present.  Those who say otherwise are LIARS.

The real problem is that if you sat these people down in a room, they can think of NO technology which meets their criteria; they literally demand unicorns.  They are not in the solution game, they are in the complain and bitch game.  And they expect their tantrums to be met with candy like worked when they were 4 years old.

Mar 14, 2011 5:19 PM

There is no choice in the matter.  Either deal with lights off or deal with nuclear power.  Even in no-nukes USA we get 20% of our power from this stuff...it's huge.

Perhaps this will be a catalyst for finally embracing PBMR instead of lightwater reactors.

but if anyone thinks coal or NG for capacity growth going forward is feasible...lol.

Mar 14, 2011 5:26 PM

whatsamatter, man, can't stand getting called on your BS? 

Whine some more for me, ok?  I get a kick out of it.

Mar 14, 2011 5:31 PM

Juan D. Fukka plate gonna bitchslap those azzez lol

I been talkin about this one since 20 years ago; relatively nobody knows about this seismic zone.  Could get a major temblor AND a Rainier blowup outta this one.

St. Helens is a cool place to visit...even 30 years later, the shit looks like the surface of the moon in most places.  Nature is phenomenally powerful.

Mar 14, 2011 5:35 PM

as I have been saying, let the evidence come out...there are enough dosimeters to know what the reality of radiation leakage is without wild conjecture.

That said, this is what Cs137 will do.  If the core gets ejected, one will see these meters go apeshit higher.  30x normal while sounding big is not going to pose a risk to anyone over the decay periods of these radionuclides.  Just watch them over time and note patterns of increase or decrease, compare against the half-lives of the expected radionuclides and you will be able to deduce what has been leaked.

Mar 14, 2011 5:38 PM

the shit on TV is virtually unwatchable.  Nevermind the monoethnicity of media ownership in this country and the astoudingly one-sided political bent, the ubiquitous political correctness.  The news, due to these factors, is utterly useless.

If you must watch, watch RT or AJ, France 24 or NHK.

Mar 14, 2011 5:39 PM

really?  30x is not a big deal to be honest.  Check radiation exposure compared to background in radon houses or from chest Xrays.

If/when it starts going up orders of magnitude then start panicking.  Once steam venting stops and if the reactor core is not ejected, these levels will rather rapidly decline.

Mar 14, 2011 5:46 PM

good god, no, man..the SP500 is a fuckin Fed-propped ponzi.

At what point did this place become an echo chamber, btw?

Mar 14, 2011 5:48 PM

maybe we should panic because these aren't Roentgen Men

Mar 14, 2011 5:49 PM

Sigh...you simply have no clue, do you?

Mar 14, 2011 5:51 PM

i understood that we were talking 2 or 3 uGy here (the u is micro bc I can't find the mu symbol lol), which is a tiny dose.

It's consistent with venting radioactive steam, not core ejection.  Don't have any brazil nuts with that salad or YOUZ COULDZ DIEZ

Mar 14, 2011 5:53 PM

if the damned thing blew up due to a steam explosion in primary containment as a result of uncontrolled meltdown and concomitant fire.

Mar 14, 2011 5:55 PM

handwringing?  WTF? 

You're right man I am obviously panicking by telling people to stop being hysterical.  Good call. 

Your ignorance is exceeded only by your stupidity

Mar 14, 2011 5:57 PM

huh?  contamination is what produces the radiation readings, bud

Mar 14, 2011 5:57 PM

wtf is this the X Files?!?

Mar 14, 2011 6:15 PM

have already read it...the outcome I suggested is exceedingly unlikely but possible.  Those here who are hyperventilating about the radiation levels- I am advising them what they should expect in the event of this worst-case outcome that they all seem to be panicking over. 

Mar 14, 2011 6:17 PM

There was too much logic and too many numbers in that post and it didn't cater sufficiently to my misanthropism

PANIC NOWWWWWW BITCHEZ

Mar 14, 2011 6:32 PM

you think that's bad, I have to suffer TeenNick in my house for long stretches and The Beav has been replaced by trash like DeGrassi High, which will not show on this TV ever.  Just the trailers for these pieces of crap like that and Gigantic or something (I think it describes one of the actresses) almost require an eyewash.

Mar 14, 2011 6:33 PM

I'm still tryin to figure out wth was wrong w/ the roentgen, rem, and rad....

Mar 14, 2011 7:02 PM

uh...are you morons not smart enough to figure out who would be watching Teennick in my house?  Hint:  it AIN'T ME

Mar 14, 2011 7:04 PM

spoken by a man with no children and/or more than one television

Mar 14, 2011 7:06 PM

I have to fuckin feed them too, that mean it ain't my food?

Mar 14, 2011 7:09 PM

white people?

Sorry, but media in the US is not dominated by whites, it is dominated by jews.

Idiot, checkmate

Mar 14, 2011 7:42 PM

i have to pick other battles than Timmy Turner and Ned's Declassified, honestly lol

Mar 14, 2011 7:49 PM

there has nobody who has said "it'll all be ok."  In fact, we have just asked the cretins to stop the hysterical EOTW talk over what was not justifying such a reaction.

Shit is OBVIOUSLY fucked up, but not sufficiently fucked up to warrant running around like a headless chicken.

Mar 14, 2011 8:02 PM

watching NHK now, 831a 8217 uSv/hr measured at the plant...apparently, this is a huge spike higher than what they were seeing previously, which were declining radiation levels.

Have to hope that they have not lost primary containment...they are saying that the entire fuel rods were exposed (aka, all coolant boiled off), they say they were able to get them 1/2 covered.

Likely this was another steam/hydrogen explosion like the others.

Mar 14, 2011 8:14 PM

proven wrong about what?  I am waiting to see the dosimeters go vertical before I conclude there has been a significant radiation emission.

8000 uSv/hr at the gate of the facility is orders of magnitude below what would be expected if core material has been ejected.

I'm not long Japan, I am long coal

Mar 14, 2011 8:18 PM

Solar...wind...LOL

Mar 14, 2011 8:24 PM

dude, I would piss on this reactor if I thought it'd do a damned bit of good...

but panicking and bein hysterical even in the face of catastrophe don't do anything useful whatsoever.

Mar 14, 2011 8:25 PM

explosion heard...damage to suppression pool not confirmed but pressure inside declined to 1 ATM from 3 ATM.  They have evacuated everyone not involved in water injection and asked the United States for assistance.

Mar 14, 2011 8:26 PM

WTF are you scared of?

You ever heard of the Bhopal accident?  Where do you draw the line?  There ARE no clean energy sources sufficient to power modern society.

Mar 14, 2011 8:53 PM

good thing you don't use semiconductors or plastics to post that dumb shit on teh interwebs

Mar 14, 2011 8:56 PM

do you have a feed for that fire?  I am watching NHK live and not seeing anything resembling a fire

Mar 14, 2011 9:01 PM

listen, bitch, the world is ALWAYS ending EVERY single day TSHTF and bugout madmax to all of you people.

The sky is falling. 

Shit can happen TOMORROW and it's a matter of the Japanese government hiding information yesterday.  It's all a massive conspiracy.

Fuck, just BUG THE FUCK OUT already, jfc, why are you people still on teh interwebz?

You people are ALL OVER EVERY SINGLE THING ever said by ANYONE.  It's ALL a fuckin conspiracy to suppress the truth, every minute of every day with everything.

Mar 14, 2011 9:05 PM

No; he's right.  The people here CRAVE disaster and won't waste an opportunity to proclaim TSHTF or TEOTWAWKI.

We had nonstop crazy shit during GOM spill...it was literally the end of the world.  Now, we have the Japan situation and it's time to panic and stock up on iodide.

Radiation levels went DOWN after peak levels following the reported explosion. 

But, it's all a planned conspiracy- we have people here claiming that someone BOMBED the reactors and that "HAARP" caused the quake as part of some NWO conspiracy against Japan.

The biggest joke around here is that RAHM is the one who won't let a crisis go to waste...

Mar 14, 2011 9:11 PM

I did not say everything was OK; I have repeatedly stated ALL of the possible outcomes from benign to worst-case!

I have said over and over again to CUT the hysterical END OF THE WORLD shit that this forum seems to crave.  I have said let's wait for the facts and data. 

In response I get people who claim that no number from anyone is credible, that the government is suppressing information and concealing things (nevermind why they had the explosion's occurrence to the minute, including radiation dosimeter readings).

If people have their minds ALREADY made up, they should BUG THE FUCK OUT NOWWWWWWWWWWWWWWWWWWWW

WTF are all you apocalyptics waiting for???!  RUN FOR THE HILLS.  Dig up the silver and canned ham and grab the pallets of ammo and RUN

Mar 14, 2011 9:15 PM

I find it gratifying that you are all so consumed with talking about me.

I am the wellspring from which you flow.

Mar 14, 2011 9:17 PM

HAHAHAHAHAHHA...

Me, the peak oil guy, suppressing the truth.  LOL.

My god you are stupid, but in a funny way

Mar 14, 2011 9:45 PM

Yes, I got it.

If ANYONE calls you people out on your madmax fantasies, they are assumed to be proclaiming that everything is fine.

NOTHING will stand in the way of you hysterics and madmax.

Quick question...why the fuck are you still posting on the internet?  Your canned ham needs dug up and you need to head for the hills.

Mar 14, 2011 9:46 PM

fuck off, moron...I really don't care if you follow me all over ZH like a stray dog

Mar 14, 2011 9:47 PM

We can PANIC and BUG OUT NOWWWWWWWWWWWWWWW

GFD Eyore...

Mar 14, 2011 9:52 PM

dude, as you are obviously THERE at the plant complex to be posting these details for us, how the hell are you withstanding the radiation?

You clearly have what you WANT to be the outcome here...an apocalypse where you can wag your self-righteous finger at those conspiratorial gov't malefactors.

Just admit it, man, you want madmax.

Why haven't you bugged out already??  It's the END OF THE WORLD MAN...Apocalypse UNFOLDING.

Mars is in Uranus and the full moon is coming and the...the MAYANS, man

Mar 14, 2011 9:56 PM

don't hate man

LOL

Mar 14, 2011 9:58 PM

dead wrong on what?  That you idiots shouldn't panic?

Mushroom fucking cloud LOL

BUG OUT NOWWWWWWWWWWWWWWWWWWWW

Don't take the time to reply, dig up the spam and the silver and RUNNNNNNNNNNNNNNNNNNN

Mar 14, 2012 1:21 PM

HUH?  You people have missed the point.

89% of them are reporting that they are "servicing" their clients well, which means they are robbing the fuck out of them.  And that is excellent.

The 11% are those who think like the guy who left.

Mar 14, 2012 10:42 PM

setting aside for a moment that MDB is an obvious troll, what in the hell gives you the idea that anyone should give a shit about being criticized by a bunch of idiots?

Mar 14, 2012 10:45 PM

MDB, I have to give ya props, kid...even after ALL this time, there are still morons around here falling for it.  I truly marvel; keep it coming.

Mar 14, 2012 10:46 PM

lol, say it twice then, why hold back?

Mar 14, 2012 10:48 PM

what an astonishingly bigoted thing to say.  I said diversity.  And you immediately see that as "black."

it never occurred to you that this could mean gays or asians, huh?  Shameful, your raycissm is.

You need to look inward to figure out why you're conditioned that words like diversity don't bring indians or hispanics to mind.

Mar 14, 2012 10:57 PM

well you didn't think Melo was gonna let "2 inches of pain" steal he thunder, did ya?

look, Jared diamond already told you what you needed to know about negro teamwork. 

evolution didn't engender collective action as a strong suit...it supported aggression and peacocking.  Most behavior is hereditary

Mar 14, 2012 11:01 PM

on noze, you called me a name!!

yeah, white people (along with EVERYONE ELSE) are totally alienated by TNB...it's typical for civilized humans to be repulsed by it.

in white sports, an average play doesn't inspire a chimpout

Mar 14, 2012 11:13 AM

wtf the Fed expect when it is trying to extract liquidity and chase from bonds?

The other post says Bernank thinks the "recovery" is "frustratingly slow"...that's because it's NOT a fuckin recovery, it's a New Age of Contraction and all his dumbass presuppositions are false!

Mar 14, 2012 11:47 AM

52 weeks in the year, not 365

Mar 14, 2012 11:50 AM

base 64 will get them a lot higher...if they're clever they can start using symbols, get to base 82 easy

Mar 14, 2012 11:52 AM

there are people who are fuckin on hard times, seeing the job situation with their own two eyes and gasoline north of $4 who defend Obama's economic record and credit him for improvement in the economy simply because the Dow hit 13k. 

Mar 14, 2012 2:01 PM

there's a group of people that loves money so much that they are prone to naming themselves after it

Mar 14, 2012 2:01 PM

a VP in an IB is not the same as a VP in an ordinary corporation.  The level above PM is VP...they don't have the corner offices, which are for principals (level above VP).  Generally above that are directors then managing directors.  Yes, I used to work in an IB which is how I know this.

I left the IB because I wasn't being given access to enough clients to rob.  There just weren't enough silverbug muppets to blowtorch to make my numbers

Mar 14, 2012 2:51 PM

silverbug muppets wishin they had gasoline buried under the porch instead of junk dimes...Ag getting just BLOWTORCHED today

Mar 14, 2012 2:56 PM

CRAAPL has, repeat $100B cash.

As for debt, it IS someone's asset, the lender's.

Mar 14, 2012 2:57 PM

I have the most euphemistic card out there, the Chase "Freedom" card. 

Mar 14, 2012 3:00 PM

NSF bitchez

Mar 14, 2012 3:01 PM

he's racist against asians

Mar 14, 2012 3:03 PM

ghetto ball and the silly infatuation with negro playing style of iso, dunking, trash talk, ooking, eeking and generally chimping out after every play have completely alienated the fanbase. 

The triumph of a lanky german over 3 of the league's top highlight reel players (inc. Queen James) should have put the deathknell into this, but we'll see.

Mar 14, 2012 3:06 PM

hmm...now that you mention it, the convergence pair trade is up half a percent today.  Thanks !

Mar 14, 2012 3:07 PM

eh...my former gf did that same shit for Banana a few years back, was even on the side of NYC buildings.

crrrrrraazy....

Mar 14, 2012 3:08 PM

bc jews are infatuated with blacks?

Mar 14, 2012 3:09 PM

where is RoboTurd to bleat about the "collapse" in gas prices in LA?

Mar 14, 2012 3:11 PM

massive overcapacity of ships right into the oil peak...wtf could possibly go wrong?

Mar 14, 2012 3:21 PM

dude, it was pointed at oil like 2 years ago...

Nevermind that oilcos are well below-average in profitability on the SP500.  An average software or services firm such as Oracle is like 3x as profitable.

But people are stupid and oil companies make great scapegoats.

Mar 14, 2012 3:21 PM

what's that smell?  smells like silverbugz getting blowtorched

Mar 14, 2012 3:27 PM

I am pretty positive it was my gf bc of how frequently i banged her.  Or maybe that was your mom, it's easy for me to get confused.

Mar 14, 2012 3:28 PM

you know that you lose meaning and impact every time you open your mouth

Mar 14, 2012 4:05 PM

nah, I didn't say that at all, dumbass.  Fuck that fibonacci shit and fractal bs and all the nonsense chartology.

I recommended long platinum/short gold as a pair trade.  Even today, that trade is positive.

Mar 14, 2012 4:07 PM

yer, um...how to put this delicately...pretty fuckin stupid if you think I'm a troll. 

Mar 14, 2012 4:10 PM

sigh...ok, it's clear that you people are too stupid to get this, so let me explain.

You have emotionally identified with your silver.  I don't hate SILVER, I hate YOU.  Are we clear now?  You and your silver are not one and the same, ok?  Stop getting attached to your fkin possessions.

I hate silverbugz because you are a herd of lemming muppets listening to idiots and con artists.

Mar 14, 2012 6:59 PM

it's old people trying to stay "relevant" with all their edgy diversity hires

Mar 14, 2012 7:10 PM

only someone like jewhen could write that

jews boil down to right = good for jews, wrong = bad for jews

Mar 14, 2012 8:17 AM

fuel IS energy you stupid dipshit

I don't even know what you are trying to say with that 2nd half of the sentence, and neither do you.

STFU idiot.

Mar 14, 2012 8:21 AM

gee, because positive EROI is the underpinning of life itself, nevermind our entire fucking society?

Negative EROI fuels have never been more than excessively costly special applications, like the space shuttle, or a few years' of a desperate nation.

See that is the problem with idiots like you, you see one special case and can't figure out why it's a SPECIAL case and not generally relevant, and you try to say "SEE IT CANZ BE DONEZ, YOU JUST WORSHIP BALE" and shit like that.  It's because you have an IQ of 61.

You think the massively positive EROI of oil is just...irrelevant?  LOL.  That's the stupidest thing you've ever suggested.  You should figure out how energy density relates to EROI.  Or not.  Just keep throwin softballs.

If you want to replace oil with negative EROI fuels, come up with the 100 quads necessary.  AKA, triple present non-oil production combined.  It's fuckin idiotic to suggest such a thing.  which is why you suggested it.

Mar 14, 2012 8:24 AM

NO, it ISN'T.  You CANNOT take a principle that may have limited relevance and EXTRAPOLATE that into a general case.

This is what idiots like mosely-claven do.  If something works in even ONE case, then it simply MUST be relevant as a general premise.  You can run a space program on negative EROI fuel, but you cannot run a large complex society off of same.  There are physical limits in terms of how much energy you use versus how much you have to waste...we call these things thermodynamics laws.

Mar 14, 2012 8:33 AM

jesus fuckin christ you are a retard

Mar 14, 2012 8:41 AM

I watch, in serial, as the people who understand oil and the peak start dropping out of posting wordy descriptions of the problem as you just did, and resort to saying, gdit just STFU.

It's no use...many of the people who say stupid shit on this oil thread will be back to say the SAME stupid shit on the next one.  They are utterly impervious to facts.  You'll have recalcitrant, committed morons like cliff mosely-claven back trying the same BS that got him manhandled in the last oil thread.  He'll just pretend like it never happened.

There will be some morons who slink away only to be replaced by other morons saying the same thing and thinking bc they can post it to the internet that it is to be confused with something of worth.  EVERYONE has an opinion, therefore opinions aren't special and any is as good as any other, right?  This is the society we live in now.

People who have no business holding an opinion not only do but cling to it like a goddamned lifering in the ocean.

TOD has been there for half a decade at least...I remember it when it was just a few links here and there.  I encourage people to go say their stupid shit on TOD and get laughed at.  So has every other person who understands this problem.

But the deeper problem is that even TOD won't change these people.  The Downing Effect is simply too strong.

Mar 14, 2012 9:02 AM

I am thinking I should have stayed with MS in the early 90s instead of going to law school...then I could have ripped everyone off too.  Oh wait, law, lol...win/win for me!!

Mar 14, 2012 9:12 PM

that's how JPN rolls

Mar 15, 2010 1:25 PM

13:23 3/15 DUTCH FINMIN:  WE ARE HOLDING OUT FOR ISLANDS

Mar 15, 2010 1:28 PM

The Martha Stewart of the banking fraud community

Mar 15, 2010 1:34 PM

"What is too many fucking houses, Alex?"

Mar 15, 2010 10:56 PM

Yes because Pakistan and PRK have used them as soon as they got them.

There is no nation on the planet that has issued more bellicosity than PRK and yet they were allowed to get nukes and haven't used them.

Nukes protect you from US invasion

Mar 15, 2010 2:23 PM

People struggle with this notion of oil, DORK.

They talk about what we could have built had we spent the bailout money on banks.

They fail to get that building requires real things.  The banks' balance sheet repair required no oil.  Therefore there was no real cost.

There is an increasing difference between nominal and real cost...this is the gap between the dollar "cost" of doing something versus the amount of energy it requires.

I'm going out and saying right now that most real economic activity right now is of negative profitability for this very reason.  The dollar's nominal "value" is way out of whack with its real value.

Mar 15, 2010 8:34 PM

Huh?  Affinity for Israel as a result of Christianity?  What are you smoking?

We have an "affinity" for Israel due to the exodus.  There are two main countries that absorbed that and they are the two most militarily and financially aggressive on the planet.

Mar 15, 2010 9:31 PM

absolutely right, gold star!

And oil has peaked, how cool is that?

That means production has peaked and money with it.

A total ROTFL Toonces the Cat moment we face here.

Mar 15, 2011 1:04 AM

no...400k microSv.  400mSv, 400 milli.

Mar 15, 2011 1:20 AM

normal level is .2uSv/hr roughly.

At what level damage occurs?  10,000x this maybe?

Really it depends upon the length of the exposure.  23x normal levels will not pose a statistical risk to anyone.  There are places on earth with higher natural ambient radiation levels than this.

Until/unless core materials get ejected up into the atmosphere, surrounding areas will not be dealing with fallout contamination, rather transient gaseous elements which will disperse

Mar 15, 2011 1:27 PM

you got it, the ZHeeple are all over it

Mar 15, 2011 1:28 AM

it may *sound* bad but in reality it isn't.

There are places on earth people live that have higher ambient background radiation than 23x normal.  One even exceeds dosage limits for radiation workers, yet the people there seem to live long lives (it is near Ramsar, Iran).

One CT scan gives you around 10x your annual radiation exposure in one pop.  This means that if Tokyo stayed at these 23x levels for one year, it would be around the same as every person having 2 CT scans.

Right now, levels are (according to what data we have from reports) only dangerously high at the vicinity of the plant, but the levels fall off very rapidly (inverse square law) as distance increases.

This would seem to indicate some level of core breach AT the plant but that none of these materials have spread any further.  One SDSU prof was on NBC saying that the 3-digit mSv level readings would be typical of Cs137, which would be present as a fission byproduct (spent fuel).

The real tell is what are the radiation levels elsewhere.  If they go high like they are at Fukushima Daiichi, then we would have evidence of broader contamination.  The levels in Tokyo would be explained by gaseous elements which will dissipate relatively quickly.

Mar 15, 2011 1:29 AM

So, in the absence of evidence, we will ASSUME the worst?

What if the reporting is actually accurate?  They certainly know that there are people running live geiger feeds.

Mar 15, 2011 1:35 AM

I haven't seen that link since it got buried.

I have reiterated that evidence of serious contamination will be ratted out by dosimeters like that unmistakably.

If/when you see distant dosimeters start going into the mSv range, you will know then that more energetic contamination has arrived and settled.  If not, then it hasn't occurred and catastrophe is averted.

Thus far, there is no evidence of contamination beyond gaseous radionuclides.  The intensity reported at the plant is suggestive that the core has liberated some of itself, but the intensity falls off very rapidly at distance- this WOULD NOT occur were there a Chernobyl-style event currently.  The gate would be reflecting radiation levels much more similar to those measured at the buildings, instead of 1/12th-1/50th

Mar 15, 2011 10:06 PM

Peak oil is real.  It has happened in most oil-producing nations already.  It appears to have occurred globally for C&C.

I am NO fan of nuclear power.  Anyone who has read what I have written on this topic knows that I have CLEARLY called out lightwater reactors as inherently unsafe and inferior as compared to pebble bed reactors for terrestrial power generation and that the only reason we are using these things instead of PBMR for this purpose is essentially because of Hyman Rickover's need for nuclear reactor technology for the navy, which carried over to navies for France and the UK as well.  This, plus the preeminence of General Electric during the period of the early nuclear age, is why we are in this shitstorm, why TMI, why Chernobyl.

PBMRs cannot melt down, they cannot have criticality accidents...there are real physics reasons why but I will not go into the pithy details of doppler broadening and the other technical specifics.

I have ALSO, on the PO threads, LAUGHED at the cornucopians who claimed we could nuclear our way out of an energy crunch.  If you think that makes me a "shill" for the nuclear industry simply because I tell people to stop the hysteria over the end of Japan or the end of the world, the notion of heavy radionuclides raining down on the USA from this reactor, etc., then you are quite clearly a fool.

Mar 15, 2011 10:58 PM

when the fuck did I ever say all was well?

I simply said stop being fucking hysterical and stop the paranoia.

Shit is most certainly not all well...the most negative outcome now revolves around spent fuel.  As it boils off its water pool, it becomes exposed and this DRAMATICALLY increases the amount of radiation at the plant complex, making it impossible for humans to work there.

They simply have to keep this shit underwater to have a prayer here.  Absent that, they have to allow all cores to meltdown and all fuel rods to melt down (which will actually help disperse heat) but prevent a zirconium fire at ALL costs.

A major fire or explosion will place core elements airborne, which is starts to get into the Chernobyl range of outcomes

Mar 15, 2011 11:03 PM

do you eat bananas or take long-haul flights?  Hang around granite?

Mar 15, 2011 11:06 PM

no they weren't.  Had they been, dosimeters everywhere would have gone apeshit.

LOOK FOR EVIDENCE to confirm hypotheses

Mar 15, 2011 11:08 PM

no, jackfuck, they are in your back yard right now.

Ignore your geiger counter and all the other ones.  they're all lying.

That birdshit on your car was part of a conspiracy too

Mar 15, 2011 11:13 PM

NHK right now ranges from 6400 uSv trended down to 2900 uSv...the guy is giving off the readings as we speak.  Listen to them.

Plant 3, as of 955, stable pressure, low water.

Mar 15, 2011 11:15 PM

right here, watching NHK live as we speak

would like to see wtf the dosimeters downwind are reading.

Mar 15, 2011 11:17 PM

What the fuck?

DUDE THIS REACTOR COMPLEX IS FORTY YEARS OLD.

Do you even have a VAGUE grasp of how long ago that was?

Next you will condemn the Romans for not just using PVC for their pipes and causing all that lead poisoning as part of NWO conspiracy.

Mar 15, 2011 11:21 PM

I can think of several possible causes...the first is a core breach which periodically ejects new material, causing the radiation to spike, which is subsequently dunked in water which shields it.

Another is that steam continues to burst out and as that dissipates, the rad levels drop.  The third is that the spent fuel pools are boiling off their water, the levels rise and the engineers succeed then in getting more water in and the levels drop.

Either way, at least the levels went down materially.  6mSv is a high rad level; it is (in one hour) around 3x annual average background dosage.  However, due to radioactivity in xrays, bananas, nuts, radon, granite countertops etc., people generally receive more than this annually.  But, it's a high level.

Definitely nowhere near as high as they said it was last night which was upwards of 400mSv IIRC.

But, if you took a spent fuel pool, and you drained water, you have no more shielding; they are explaining this right now on NHK

Mar 15, 2011 11:25 PM

no, i didn't...

I'm not going along with your lemming ZHeeple hysteria, so in your binary minds that means I am saying it's all sunshine and picnics.

In fact, I have outlined all the outcomes, given updates from NHK, radiation levels, descriptions of all kinds of things.

Just DEAL with it, bitch

Mar 15, 2011 11:33 PM

am reading a DOE publication on zircalloy fire and mitigation strategies to deal with this EXACT circumstance, that of loss of coolant water in spent fuel ponds.  The link is here:  http://www.osti.gov/bridge/product.biblio.jsp?osti_id=992638

Mar 15, 2011 11:45 PM

from the referenced publication:

"A further literature survey of the recent European works on degraded core phenomenon[23] has confirmed that the zircaloy oxidation is highly exothermic and commonly leads to a runaway "oxidation temperature excursion" above 1473 K (2191 F) in steam and at as low as 1173 K (1651 F) in air. "

So long as there is steam being produced, it will be ok, though the zircaloy tubes will suffer from affinity to hydrogen and become embrittled.  Once/if steam boils off, exposure to air of these fuel rods would appear to quickly provoke a fire.

Mar 15, 2011 11:50 PM

NHK people just said we had hit the 6mSv range, but it has decreased down to 3 then to 2.x mSv.

Their explanation of rises in radiation is due to suppression pool damage in #2, which is among the potential causes of this I recited earlier.

Mar 15, 2011 11:54 PM

I recall no authorities saying things would be fine.  I certainly haven't seen any.  At all times, they stated facts as they knew them.

Maybe a couple of jackasses on NBC, but I don't watch that shit.

but, yes, everything will eventually be ok.  Life will go on, you're not going to die.  there is no reason for you to panic.

I am forced to wonder wtf any of you do for a living...you all seem real fond of armchair criticism of people who are dealing with a REAL disaster in realtime.  I am left to conclude that none of you have ever been in such a circumstance.

You expect clairvoyance outta everyone...but yourself of course.

The engineers are putting their asses on the line to try to deal with a situation that has gone from troubling to serious to dire and may go to desperate.

Just STFU with all the conspiracy hysterics...there is still a jackass saying the quake was caused by "HAARP" and shit.

Mar 15, 2011 11:54 PM

the situation on the ground is obviously dire.

But, let's just look at some facts...despite 4 meltdowns in progress, we are yet to see a major radiation excursion.

Meanwhile 10s of 1000s are dead, cities are in ruins.

the japs are asking the US for help because they need additional strategies to help cool these reactor components.

Mar 15, 2011 12:15 AM

who's got the link with all the dosimeters all over the region?

BBerg has N225 down "only" 1000 now.

Gold getting hammered, oil, silver, PMs, everything not nailed down...kitco has DXY up .13 lol

yen must wanna go chernobyl

 

Edit:  NHK reporting that Tokyo not seeing increase yet in radiation, other places not seeing it either.  Wanna see current dosimeter readings from areas near Fukushima.  Reporting is showing exception radiation levels right near the bldgs, but falling off rapidly, thought I heard below 100mSv down in between a couple of the bldgs...dunno about the front gate which was at 8mSv previously.  This would help in an understanding of the scope of any propagation of radionuclides

Mar 15, 2011 12:17 AM

yeah, the AUD is getting just smashed.  Gold now down 18

Mar 15, 2011 12:18 AM

NHK just said no increase in their Tokyo monitoring station, a correction from earlier.

I'd sure like to see those dosimeters that were running in the areas around Fukushima...can't find the link

Mar 15, 2011 12:27 AM

going to need some type of catstrophic explosion plus fire for that to occur, where the core itself is part of the blaze.

Chernobyl was pretty bad as far as reactor accidents go...it blew up and then burnt.  Graphite fires are insanely problematic

Mar 15, 2011 12:33 AM

Tokyo-Osaka is world's most populous PMSA...evacuation is impossible.

CNN or whomever live just reported that Tokyo municipal gov't says no significant radiation...go figure

Mar 15, 2011 2:59 PM

the reactors were state of the art FORTY YEARS ago, you idiots.

Mar 15, 2011 3:14 PM

Utterly and completely wrong.

The reactors were SCRAM'd as a result of the earthquake.  They were made subcritical at that time.

Mar 15, 2011 3:24 PM

318 uSv?

That would be 1000x less than it was yesterday.  It's also probable that you can't even get the fuckin units straight.

Mar 15, 2011 3:29 PM

this was Kyodo and NHK...I posted these radiation numbers last night, only in Sieverts

Mar 15, 2011 3:33 PM

of course.  The governments are lying.  The agencies are lying.  The reporters are lying.  EVERYONE is lying, about EVERYthing.  Always.

Nothing is true.  Even you are lying.

I'd like to know just exactly what the fuck "disinfo" was put out?  ALL the information I've seen so far stated clearly and flatly what the situation was AT THAT TIME.

If #1 and #3 are stable as of 9EDT this morning, THAT IS THE CURRENT SITUATION.  It DOES NOT MEAN that #1 will not go up in a gigantic ball of fire shaped like a middle finger later this evening!  And it is NOT disinformation.

You paranoids with your crazy moonbat conspiracies...and the way you lash out at anyone who doesn't share your schizophrenia.

Mar 15, 2011 3:38 PM

I am beginning to understand that people here have a reading problem.

Wow, I guess I never saw it before.  People think anything OTHER than "PANIC NOWWWWWWWW" is somehow "everything is fine."

There has not been an official yet that I have seen in any way suggest that shit was fine or dandy or not to be worried about.  But the leaps that people take when they DO NOT SEE "TSHTF" or "TEOTWAWKI" or whatever apocalyptic shit they WANT to be the message; they somehow assume and infer that the speaker is saying something that they NEVER actually said.

Mar 15, 2011 3:43 PM

There is NOT ONE SINGLE PERSON here who ever claimed there was no danger.

Are you stupid or something that you can't see a continuum of outcomes in between sunshine and roses and the apocalypse?

There are people claiming the entire island of Japan is going to be uninhabitable, that the US is going to get contaminated....mfers are running out and buying KI pills.  And if anyone says JFC, calm down, you assume they are saying everything is perfectly fine?

People here are no better than everyone else; you want your stupid fix, which in your cases is BAD NEWS.  You fix on that shit as much as the CNBC cretins fix on their pumper shit and the Obamanauts fix on his speechification.

I haven't seen this much overt misanthropy and actual DESIRE for the worst possible outcome since I left tickerforum.

The "there is no danger" crowd is a STRAWMAN.

Mar 15, 2011 3:46 PM

PANIC NOWWWWWWWWWWWWW

DIG UP THE SILVER AND RUNNNNNNNN

Mar 15, 2011 4:05 PM

i was in the Pac NW then and recall no such admonition.

A lot of crazy people are scared of radiation "20x" normal.  Yet they board airline flights all the time.

Has it occurred to a lot of the people around here that radiation hysteria is being FED?  Perhaps this explains your apoplexy at those who tell you to stop the histrionics?

Mar 15, 2011 4:05 PM

you're aware of the difference between silicon oxides and plutonium, right?

Mar 15, 2011 4:07 PM

to the bugout ranch!!!

Surely it isn't downwind too, is it?

Mar 15, 2011 4:08 PM

what tha...

you think they have been planning and waiting for this tsunami for 3 decades as part of some PLAN?

Wow...the insanity around here is even worse than I thought, no wonder...

Mar 15, 2011 4:12 PM

Uh, no it ISN'T "coming to all of us," you goddamned moonbat.

India is toxic anyway of its own accord.

As for smoking, among radiation miners, those who smoked 10 or less cigs a day had a lower incidence of cancer than nonsmokers.  Above 10/day the rate went up.

Mar 15, 2011 4:16 PM

meanwhile, the Japanese government has given pretty fair accountings of the situation at FD1 as they had information.

Geiger counters are still streaming, radiation levels are still reported from the plant.

And nobody, at any time, said shit was fine.  They just didn't say "PANIC, RUN, TSHTF, TEOTWAWKI, DIG UP SILVER" so folks like you whose brains can't hold more than 2 outcomes, assumed it to mean that they were saying everything was ok.

I guess when they don't feed your misanthropy, you get bitchy or something.

Mar 15, 2011 4:17 PM

the rad levels ARE rising?  We know they have risen...can you point me to a recitation of what they are now?  I ask bc I'd sure like to know as information like that is probative in assessing whether conditions continue to worsen.

Mar 15, 2011 4:28 PM

I had thought they might use fireboats, but maybe there are none nearby enough to make a difference.

At this point, all efforts must be made to prevent a significant fire, even if this means some radionuclides end up in the ocean.

The boiling off of spent fuel storage pond water is more likely what has spiked the radiation levels, and this situation makes continued manual core cooling impossible for workers due to exposure.

The issue of #2 having cracked is less significant, because spent fuel rods with no water on them are "exposed to the atmosphere" and these have come out of a core and contain the same stuff.

If significant amounts of contaminants are in the atmosphere, these will show up on distant dosimeters and a shit lot higher than this "10x normal" crap that we're seeing hyped.

At this point, however, TEPCO should consider letting these things just melt, but do everything possible to prevent major fire at all costs.  If they could melt this shit down into a large puddle right now without a fire starting or any explosions, they'd take it on all 4 reactors and the stored fuel.  This would disperse the residual decay heat which is the cause of all of these problems.  The complex would be hot as hell for a long time, but then the chernobyl complex continues to operate even though its core eventually melted down and ran through piping like lava

Mar 15, 2011 4:31 PM

dude, around here, when a bird shits on their car, it is part of some gigantic sinister conspiracy.

Mar 15, 2011 4:33 PM

if they do not get water into this pool or the storage ponds boil off, 2 things will occur:  first is that we will see a huge spike in radiation levels from dosimeters at the plant, but a sharp decline over distance.

This will prevent humans from being near enough to fix the problem.  Then, these rods may melt down or catch fire.  Zirconium burns at like 2000 degrees or something; this would not be a good situation.

They need to run a fuckin hose up there with a crane or something

Mar 15, 2011 6:46 PM

dude...they can't hear you.

TEPCO is too busy trying to get this reactor cooled to deal with your hysteria right now.

The Pacific is pretty freakin wide; don't worry so much

Mar 15, 2011 6:51 PM

huh?

The effing cameras were rolling LIVE all night on NHK!

The fire at 4 was contained inside and the explosion at 2 was in the vessel at the bottom of the thing.  It may have caused a CRACK in it, but in any event, the "explosion" was inside the containment vessel.

Mar 15, 2011 6:55 PM

huh?  WTF is wrong with a meltdown?

I know it "SOUNDS" horrific, but it has already occurred inside reactor vessels.

The only negative side effect would be gaseous radionuclides assuming there were no steam explosion or fire.

If you have to choose between meltdown and fire (which ends with another meltdown) you take the former

Mar 15, 2011 8:38 AM

Gold now down $44...smashed.

Silver, platinum, oil, everything...sold.

AUD smashed too

Mar 15, 2011 8:46 AM

3% now...only showing life in AUD, ZAR, and CAD

Mar 15, 2011 8:56 AM

this was the highest risk issue, high temperature fire in the zircalloy cladding

Mar 15, 2011 8:58 AM

huh?  Only one type of american does that.  The majority of disasters don't see looting

Mar 15, 2011 9:01 AM

this is definitely worse than TMI, which was a 5(?) on their scale?

As for being another Chernobyl, this will occur if there is a significant fire involving core elements or spent fuel rods...

Mar 15, 2011 9:08 AM

Does anybody have current radiation levels at Fukushima?  This would be useful in assessing the current severity of the disaster

Mar 15, 2012 1:55 PM

wtf difference does it make if we are exporting gasoline?

War over oil is INEVITABLE given export land model

Mar 15, 2012 1:56 PM

everything is an election cycle away.  did clitton do anything to alleviate the massive bubbles in housing and stocks?  Nope...he rode it to massive popularity and let the next guy deal with the fallout.  Busch did the same thing...Raygun too

Mar 15, 2012 1:59 PM

shall we tick down the list of important congressional positions and who is in them?  or will Clitton's entire senior cabinet be enough?  How about banks or media?

I mean how fuckin obvious does it need to be for people to remove their mental shackles and shut off current to their third rail?

Mar 15, 2012 10:26 AM

only silverbugz say that.

Silver shot past 35 decisively just a week ago or so it seems, all the way up to the 37s.  Most silverbugz proclaimed the rally on, and like 42 coming then 60 and all that shit.  And silver promptly got smashed.

The lesson to learn from all this is to ignore everything silverbugz say.

Mar 15, 2012 10:31 AM

more bullshit from a dude talking gibberish about 5000 year histories of money.  This nonsense is fucking irrelevant.  Don't put a religious thesis up as trading strategy

Mar 15, 2012 10:32 AM

scapegoating like this with politicians leads to price controls which beget hyperinflations

Mar 15, 2012 10:35 AM

bbbbut....bbbbbut....."see something, say something"????  WTF?

The DHS is telling us to snitch, no? 

Mar 15, 2012 10:42 AM

now?  It's been that way since one group cinched their stranglehold on it.

Mar 15, 2012 10:45 AM

ionic liquids and "new technology" can resurrect this.

In reality, geology plus the TRIUMPH OF DIVERSITY.  RSA is gone...cooked, fork.  Only if the white people rise up and secede from the nation will there be any reversal.

Mar 15, 2012 11:48 AM

well, RSA gold production peaked long before the fall of apartheid.

Utter collapse like this in the face of depletion- this is the REALITY about which the intelligent and informed have been trying to warn people regarding the oil peak.  Resource depletion and decreasing production rates as a result thereof are fact. They are not conjecture and they are not theory.  Fact.

RSA's production collapse has been exacerbated by the handover of mines to people with no history of ever having mined anything anywhere, never having shown much interest in resource development for themselves, even if the resources were under their feet.  Never even knew the land had much value other than to say "me ownz dis."  You can witness the same trend historically in rhodesia as formerly very productive farms are now just weeds.  The natives weren't farmers or miners before colonization, why should we expect them to suddenly take it up after?  It's simply not in everyone's nature to mine things or farm things or develop civilizations.

Hell, some tribes there, such as the Massai, have only very recently graduated to agricultural ways of living instead of being nomads.  It is a continent full of primitive people.  They walk miles a day to get water from a well.  Nobody thinks to hey maybe we should drill down to the water table.  It's a leap of intelligence apparently out of reach of the population.

Mar 15, 2012 11:51 AM

I have people very close to me in Africom...this is a new frontier for the movement.

Africa is a resouce-rich continent occupied by people of very low average intelligence.  It will be the same challenge it has always been because civilization simply WILL NOT "emerge" there without almost unilateral imposition by "colonizers."

Mar 15, 2012 11:52 AM

Gold Rush is an incredibly successful television show, one of the most popular on right now.

It's not about gold mining, it is a drama against the backdrop of gold mining, with some get rich quick undertones.

The TV show has made all the actors on it wealthy; the gold is just a TV prop.

Mar 15, 2012 11:54 AM

so Rome was full of US Citizens too eh?  I guess Britain and Spain too...

Mar 15, 2012 11:55 AM

yeah um...USGS...eh.  Not saying they are totally full of shit and everything, but they have THROUGHLY OBLITERATED the truth when it comes to oil reserves and oil production projections.

Mar 15, 2012 11:56 AM

well, there were very bloody, savage wars all over the region over these diamonds.  Wars that don't seem to break out in other places diamonds are found.  Australia is a massive diamond producer and I'm yet to hear about their civil war.

Mar 15, 2012 12:36 PM

get those properties on the market and drive down rents and prices...bingo, MORE discretionary spending for the legions of renters.

Mar 15, 2012 12:41 PM

Deer on islands must also be US Citizens

Mar 15, 2012 12:42 PM

so are we or are we not going to dump our SPR?

This is like fucking Gordon Brown selling UK's gold

Mar 15, 2012 2:11 PM

...and the band played on

that weblink you posted is dogshit.  Fuckin Warburg and Loeb and all of these were JEWS.  Webster Tarpley is fond of wild assed hatred of Germans...why doesn't he identify WHO the people were who precipitated WW2 through the financial chicanery that ended up starving germans to death?

Mar 15, 2012 5:51 PM

how the fuck are they going to be helped?  The reasons the countries are poor has nothing to do with the value of resources; it's all about the behaviors of the people.

Frickin Luxembourg doesn't have any gold or oil

Mar 15, 2012 5:53 PM

They'll spend enough to make this an election issue in the closing weeks, bitchez

Mar 15, 2012 6:28 PM

comparing notes on how to stick hands up muppets' asses

Mar 16, 2010 1:02 PM

WRONG WRONG AND WRONG.

GFD, do you people PAY ATTENTION TO PRICES?

Fucking eh, I have a DeLonghi radiator that was made in Italy.  Shortly thereafter, they moved production to China.

DID THE PRICE GO DOWN?

NO.

It's ALL ABOUT PROFITS.  And that means PROFITS to drive bigger BONUSES for the executive class.

THAT is where the money went.  We do NOT get cheaper prices because of the $.01 versus $.1 cent China-to-USA production unit cost of a plastic salad shooter.

WE pay the same goddamned tag price!  They are FUCKING US with this bullshit line about the cost to us and they are POCKETING the difference.

You guys have to start looking at the price tags!

Jeez, wiffle bats are still made in the USA...I have plastic cups I got wherever that have USA made on them.  Do you REALLY THINK that they charged 10x as much for these things than the China price???  NO.  The difference is in the profit margin to the companies which translates NOT into bigger dividends, but into bigger bonuses.

The executive class has POCKETED the China price.

Mar 16, 2010 1:13 PM

Fuck China.

Without their dollar peg, they'd be nothing.

Seriously.  They are in for what happened to Japan.

I triple dog dare China to revalue instead of cannibalizing our industries in order to suppress their own people.  They WANT a deadbeat yuan; it's been in their interests to build all this shit and play the game.

China's main concern is internal revolution against the insanely corrupt CCP.  Without constant "growth," there's a real concern that the CCP will be overthrown.  They don't want the boat rocked.

But, the collateral problem is that of peak oil - without access to growing energy supplies, they cannot continue their mercantilism.  Right now, we are positioning our chess pieces to lock them out of everything outside of Russia.

Invasion of Iran is INEVITABLE.  That is the lynchpin to all the energy in the Caspian region.  We tried it in Georgia - look at the freaking pipeline geopolitics and the routes.  Europe needs this energy as badly as anybody and they will be behind invasion even if they publicly denounce it.

Nabucco languished in EU equivocation while China built their own pipeline.  We couldn't figure out how to protect a trans-caspian route to existing Georgian infrastructure to service Europe without having exposure to Iran.  And there IS no other route that doesn't transit either Russia or Iran.  We cannot knock off Russia, and that leaves one other nation.

This stuff is real geopolitics...it's driving EVERYTHING right now.

Look at India's air force and naval spending plans and you should be able to figure out what they see.  They see what I see and what the EU and US leadership and the Chinese and Russians see.

We're rapidly approaching a point in the resource depletion game where it is every man for himself.  China served its purpose as a low-cost labor center but the game of debt growth is over, now it is about who gets the lion's share of a dwindling resource pie.

Mar 16, 2010 1:20 PM

China does not have a few thousand ICBMs.

And, in case you haven't noticed, we have those too.

Nobody is going to lob a nuke in a resource conflict or else they get nuked back.

If you think carriers are obsolete, why is India currently retrofitting the Gorshkov and has broken ground on 2 indigenous carriers?  Just for fun?

Control of the oceans matters.  Carriers have a function beyond bombing land...it just so happens that these have been what they're used for because there hasn't been a significant naval heatup in the last 50 years.

Our CVN capability gives us the option to sink any and all shipping in or out of China even beyond the range of their supposed carrier-killing ballistic missile, even if the thing could hit a carrier in the blue water.

Mar 16, 2010 1:40 PM

This does look like tightening...so what's the play, frontrun the 215 and long DZZ?

Mar 16, 2010 1:47 PM

Fuck China.

The problem is pretty basically that the maturity of the mercantilism in the east has caused the complete destruction of all productive jobs in the west.

So, we all must play mercantilist games now.

Mar 16, 2010 1:48 PM

Consumers must continue to delever.

What is worth borrowing money to go and DO in the US right now?

Mar 16, 2010 1:51 PM

They can't sell them.

They already sterilized the FX domestically.

Second is that they already apparently tried this.  The EU will not sell them euros and the Ahabs on the petrodollar will not sell them oil.

Mar 16, 2010 1:54 PM

Protectionism???

JFC don't you people follow history?

Mercantilist policies CAUSE THE IMBALANCES.

This type of shit, depreciating your own currency, was tantamount to an Act of War in the old days, for crying out loud.  Yes, nations DID go to war over the shit China has done for the past 20 years.

Protectionist mercantilism is how the US grew so rapidly from the mid 1800s onward.

I've got news, CHINA is protectionist - the yuan peg is DIRECTLY PROTECTIONIST of their local industrial economy!

The Smoot Hawley stuff merely helps PURGE what is OVERPRODUCTION supported by trade imbalances.  Yes, it is painful, but neither we or they can continue a one-sided trade picture.

Mar 16, 2010 10:52 AM

Rates of 13% are impossible.

There is NO ACTIVITY in the US in the aggregate that can produce this profit margin.

Yields are declining and will continue to do so.  Now, the effective inflation rate may look like we should have 13% yields, but only because the Fed is buying the coupon.

An interest rate of 13% is highly deflationary...that would suck the life out of any borrowing demand in existence.  It's hard enough to move credit at 1% right now.

Mar 16, 2010 11:10 AM

The US government cannot afford a 13% coupon.

PERIOD.

If we were to have to roll debt at those rates, we are immediately FINISHED.  Anyone wanting to "trade" gold in that case is a complete effing fool.  Anyone levering up will be CRUSHED.  There ISN'T THE INCOME in this economy to service those types of rates.

We left the realm of "real" interest rates a long time ago...look around the US...do you see any economic activity here that can generate 13% yields?  Business here just isn't that profitable anymore.  Yields are going to remain low as a function of the declining profitability of the US.  There's no fucking oil to drill to make 13% RoR.  There's no metals to mine for 13% RoR.  Face facts, we are DEPLETED and hollowed-out.  Hell, you cannot run a factory at 13% RoR...look down the mature industrial businesses on the SP500 if you don't believe me...look at their yields or return on capital.  JFC, it's right there in print.  Nobody is doing business in the US because it's NOT THAT PROFITABLE.  Fuck, we passed peak oil here nearly 40 years ago.  All mining, extraction, production metrics are in decline for basically everything.

People DO NOT understand what yields are!  Yields are NOT a measure of risk!  They are a measure of the supply and demand for credit!  There are willing lenders like the Fed but NO willing buyers of credit except the USG.  This is why yields are low here and high in Brazil.  Developing countries have higher interest rates because there is significantly more demand for credit because entrepreneurs can use that credit to turn around and make profits well in excess of the interest rate.

People have to get their heads around the money we have as being a supply/demand instrument, NOT a store of value or other denominator.

Mar 16, 2010 11:33 AM

Do you have any money?

Your personal experiences are forecasting DEPRESSION for you right in the face, yet you say to sell gold?

Buy what then?  Because, dude if what YOU are seeing with your own two eyes is true that means that receipts are going to collapse and if rates balloon like the guy says, the FRN is going to tank.  Where do you put your money or do you have any?

Mar 16, 2010 2:24 PM

well, they are winding down the special lending facilities because they went and BOUGHT all the trash!

Mar 16, 2010 2:29 PM

Yeah...Dick Flud is the fall guy.

Someone's company had to fail in order to satiate the public away from GS, JPM, and MS.

Nevermind equivalent malfeasance by all other actors, the same levels of fraud and that Goldman was probably a knowing counterparty to all of this.

AIG was at least one order of magnitude larger fraud than LEH and was what was "really going on" in those days in September.  LEH was just a smokescreen.

Mar 16, 2010 4:52 PM

You're right...nobody in China is greedy.

moron

Mar 16, 2011 1:12 AM

Chernobyl wasn't "caused" by a meltdown.

It was a steam explosion as the reaction ran out of control, several multiples of its rated output due to positive void coefficient and some quirks particular to the control rods in the RBMKs.

Once the steam explosion blew the reactor open, the graphite caught fire and began dispersing the core into the atmosphere.

Chernobyl did not have a hydrogen explosion and the plant designs and fundamental operating technologies are completely nonanalogous.

Mar 16, 2011 1:31 AM

bob, such a cogent response...wow.

That's exactly what I've been saying.

If they cannot cool this shit, they are going to have to let it melt down and prevent a fire at all costs

Mar 16, 2011 1:40 PM

lol...meltdown has been known for days.  Chu is useless.

Mar 16, 2011 1:47 PM

China is littered with fraud companies.  And they have more cancer cases already from industrial pollution than if Fukushima erupts in a supernova

Mar 16, 2011 1:54 PM

you obviously have me confused with somebody else

Mar 16, 2011 1:57 PM

ROTFL

Mar 16, 2011 1:58 PM

be very specific to quote my hate speech...provide examples

Mar 16, 2011 10:06 AM

pretty low levels everywhere except Ibaraki...would like to see Miyagi and Fukushima

Mar 16, 2011 10:16 AM

looks like they did what I thought they should and drilled a hole in the last building to prevent hydrogen buildup....probably why the other reactor blgds haven't exploded.  You can see steam venting in the pic

Mar 16, 2011 10:47 PM

unfortunately, the half-lives are sometimes in centuries

Mar 16, 2011 10:49 PM

it has not, yet, moved past that severity.

The reason they are dumping water from choppers, which seems insane, is to cool the rods in the SFP.  This is precisely what I have said they should do.  They are focused on fire suppression.

It's obviously moved to a desperate situation and the measures they are taking are consistent with the threat posed.  So long as nothing catches fire, yes there will be substantial radioactive steam emitted, as there has been, but no worse than that.

Chernobyl was as bad as it was because of the graphite fire, which is a harder fire to extinguish than zircaloy, because it is at double the temperature.  But in any event, a fire is what will cause the catastrophic release of the heavier radionuclides.

Mar 16, 2011 10:51 PM

yes, it IS exponential decay.  However the rate on fission byproducts other than I-131 is significantly longer, but still exponentially decreasing.

They are bringing in water cannons now...I was calling for this yesterday at the latest.  The chopper operation is in order to cool the SFP containing the MOX, bldg #3.

It may look stupid, but ANYTHING they can do to prevent a fire is warranted at this point.

Mar 16, 2011 10:59 PM

criticality of melted down core elements is HIGHLY unlikely.

It didn't happen in Chernobyl, it didn't happen at TMI.  The core will melt and flow like water into piping and wherever, until it freezes.

Depending upon the enrichment of fuel in question, U238 doppler broadening in the absence of water moderation should preclude criticality even in the fuel rods.  I would assume SPF water is borated otherwise water would moderate.

The threat here is of a fire.

Mar 16, 2011 11:03 PM

At some point, wouldn't a small neutron bomb aimed to blow the reactor cores out into the ocean be better than a meltdown of six reactors intact on land?

This is probably the dumbest suggestion I have ever heard

Mar 16, 2011 11:09 PM

this is wrong.  Increases in temperature would tend to decrease neutron cross section.

They are trying to keep temperatures down because hot zircaloy will start burning in the presence of oxygen.

Mar 16, 2011 11:09 PM

precisely correct...all NHK and the TEPCO people are talking about is the SFP.

The reactor cores are of secondary concern at this point.  They are going to water cannon in from the ocean or else the municipal water supply.  I thought a fireboat would have been a good idea a couple of days ago.

Mar 16, 2011 11:11 PM

a fucking "vacuum bomb"  WTF is that?

Dude, just STFU

Mar 16, 2011 11:12 PM

you DO understand that vaporization involves a transfer of heat, right?

Mar 16, 2011 11:16 PM

water cannons are it.  Everything should focus on fire suppression.

get water into the SFPs and they will be able to address the reactors.

At the end of the day, all of this stuff is going to be entombed anyhow; the plant complex is almost a total loss.  But in the meantime, whatever will prevent fire.

Mar 16, 2011 11:19 PM

as opposed to you, who knows utterly JACK SHIT about any of these things, right?

You moron, just STFU and go bury some fucking canned ham in your backyard. 

Refute anything I have said or fuck off

Mar 16, 2011 11:21 PM

bomb the reactors?

are you fucking STUPID?

Why the fuck are you posting if your suggestion is to BOMB the fucking reactors?  This is easily the most retarded suggestion anyone has ever made.

Mar 16, 2011 11:25 PM

If there's one thing that has been pretty clearly established, fuckface, it is that I know substantially more about nuclear power than you will ever get your shitty little brain around.

Your solution is to BOMB a fucking reactor...that is the STUPIDEST thing I have ever heard.

That means that YOU are a moron and that YOU should STFU.  The opinions of people actually STUPID enough to think bombing a reactor is a GOOD idea are not useful and they are of no more worth than if we let a random monkey past the captcha to bang a keyboard.

If you can even look up something like Doppler Broadening and understand its relevance to the topic at hand, feel free to get back in touch with me, otherwise STFU with your idiotic "suggestions" or proposals...I don't know what is more laughable, your ideas or the fact that you actually felt bold enough to voice them.

Mar 16, 2011 11:26 PM

Christ, you people are freakin maggots.

Mar 16, 2011 11:30 PM

yeah, I remember those days...of reading doomer after doomer on ZH stating with such conviction and certainty that this was the end of the world, that nothing but lies were being spewed, that they would never cap the well, that the earth was going to explode and it was the END so hury and bury some silver under your porch.

Mar 16, 2011 11:34 PM

so we can add evaporative cooling into the things you are ignorant of...thx

Mar 16, 2011 11:40 PM

there are things I know and things I don't and some things I am highly confident of.

One of these is that there is NO WAY you have any kind of engineering degree whatsoever, because NOBODY with an ME degree (and several of my friends are MEs) would be STUPID ENOUGH to think bombing a reactor is a good idea.

There's simply no way someone as dumb as you could possibly pass calc.  The amount of heat transfered depends upon how much water, not the temperature, jackass.  No engineer would imply that the temperature of the heat source somehow changes the specific heat of water or the heat of vaporization.

Mar 16, 2011 11:46 PM

would have thought it was cerenkov from beta emissions...

neutrons are usually far worse in terms of absorbed dose than photons

Mar 16, 2011 11:48 PM

we all pretty much figured you gave head at your jobs

Mar 16, 2011 12:02 AM

you fucking idiot, YOU JUST SAID that you want NO radiation exposure.  I asked if you take long haul flights.

Then you come up with this drano shit?

What the fuck is wrong with your brain that your thoughts tsunami around like this from one reductio ad absurdum to another?

Mar 16, 2011 12:05 AM

is it a congenital defect in you people that you can't read?

He said he liked to keep his radation exposure close to zero as possible.  IOW, he wants NO radiation whatsoever.  This is absurd and hysterical.  I asked if he took long haul flights as an example of this.

At NO POINT - you can read the post...prove me wrong - did I say that standing in the parking lot of Fukushima is a good idea!

You people have thought slosh where it there are literally TWO states your brains can hold at any one time...one absurd extreme strawman or the opposite.

Mar 16, 2011 12:13 AM

shut the fuck up.

If that were the case, dosimeters would be going apeshit everywhere.  You could not HIDE that. 

Mar 16, 2011 12:14 AM

meanwhile your hysterical ass is saying this is "1000 times worse" than Chernobyl.

You stupid motherfucker, chernobyl was sniffed out by radiation alarms all over fucking Europe.

You go on claiming Pu is blown all over the area; THEY COULD NOT HIDE THIS.  Anyone within a gigantic radius would note it immediately.  The government does NOT control all the effing news sources.

Mar 16, 2011 12:17 AM

dipshit...they didn't even have CALCULATORS when this fuckin reactor was being constructed.

Why the fuck didn't they do a CAT scan on Mozart?  They just let him die from that head injury.

Mar 16, 2011 12:43 AM

looks like steam, but who knows?  I am not a smoke/steam analyst.

Now, morons, start junking technical literature links

 

 

Mar 16, 2011 2:10 PM

I will repeat what I said on the thread last night...TEPCO must now resign themselves to letting meltdowns occur and just put every effort into preventing catstrophic fire.

the reactors themselves are not the major issue here and never actually were.  The Spent Fuel Ponds are.  They have no containment vessel.

People would be wise to read that DOE publication I referenced a day ago which conducted experiments on zircaloy clad fuel rods in the scenario of a "terrist" attack or other accident targeted at an SFP which drained water levels.

It remains highly improbable that reactor meltdowns will cause a catastrophic radiation release.  However, SFPs on-site contain astoundingly more radioactive materials and none of these are in any kind of containment vessel.

Again, the highest priority for TEPCO at this time is fire suppression.

Mar 16, 2011 2:11 AM

since you like to snipe from the peanut gallery, what would YOU have done differently?  Be specific...

Mar 16, 2011 2:13 PM

that was a tour de force of logical fallacy.

Try some evidence next time- CITE the hate speech.

Mar 16, 2011 2:17 AM

he's not even close to correct...reactions have ceased.

They are dealing with decay heat

Mar 16, 2011 2:17 PM

it means we are part of the massive conspiracy of NWO who likes the number 7.  We used our earthquake machine on Japan and now are remotely controlling a flock of pigeons to go shit on your car. 

FEAR US

Mar 16, 2011 2:22 AM

i doubt the buildings will blow up simply because any blast now will be unsupported as the buildings are open.

The worst-case here is a steam explosion and/or zircaloy fire which liberates heavy gamma emitters.

I expect a full meltdown from all uncooled cores.  It seems now that it is getting exceptionally hard for them to maintain cooling for any length of time.  The worst issue now is the SFP situation.  Once exposed to air, if they have sufficient heat we can have a rapid high temperature oxidation.

Mar 16, 2011 2:25 PM

Should be pretty easy to cite where I did that, then.

In fact, I mocked the petrification over radiation levels at "20x" normal and these other low multiples.

And I was not alone...apparently you forgot Banana Equivalent Dose.  But, hey, let's not let pesky facts get in the way of a chance to be hysterical and babble about conspiracies and lying governments and earthquake machines and other nonsense.

You would never catch me mocking anyone who was afraid of the radiation levels at Fukushima because those are legitimately dangerous.  But a geiger at Tokyo registering 10 more cpm?  Nothing to worry about.

You need to read those last two sentences TOGETHER, and I have realized that is a problem for many people around here.  They do not understand the specifics, so they latch onto a binary determination "either he is agreeing with me and if he is not, I will infer that he suggests the EXACT OPPOSITE of what I believe."

I still do not expect a serious consequence as a result of reactors at Fukushima.  The SFPs on the other hand...these pose a far greater risk, and this risk wasn't well-known by anyone until days after the accident.  This is why I have begun saying that TEPCO should let the reactors do whatever they're going to do and simply focus all efforts on fire suppression.  The cores in these uncooled reactors have already melted, either partially or totally- this much is obvious.  The containment system will function like it did at TMI.

However, if the spent fuel rods catch fire, all hell may very well break loose.

Mar 16, 2011 2:35 PM

this passage isn't accurate.  The explosion of Chernobyl was a steam explosion, not a nuclear one.

The REAL problem was not that, it was the high temperature fire.

This is why I have been saying since last night that the SFPs are the real danger here.  In fact, on NHK right now, they are hammering this point.

If this turns into a Chernobyl disaster, it will be by the same means- a catastrophic high-temperature fire.  This can occur by virtue of zircaloy's exposure to oxygen.

Mar 16, 2011 2:37 AM

do you have ANY evidence of your accusations?

still waiting...

Mar 16, 2011 2:40 PM

good then you will provide some cites

Mar 16, 2011 2:49 PM

I stayed at a Holiday Inn Express last night.

The cause of the explosion at Chernobyl was not criticality-based, it was a steam explosion.  It was really rather similar to how old steam locos used to occasionally blow up.

These are the facts that are in the record.

Mar 16, 2011 2:50 AM

absolutely...reactions generate heat via fission of uranium or plutonium.  Once split, these atoms (and before fission too), are fission byproducts, many of whom are highly radioactive.

Radiation is merely the emission of He nucleii, electrons, or photons.  As these things bump into other atoms, they cause heat.  So the basic "rest state" of a lump of highly radioactive stuff means it is generating heat as it decays.  This falls off at the half-life of the isotopes

Mar 16, 2011 2:50 PM

the SFPs are the danger here...not the reactors.

TEPCO is going to have to let the reactors rely on meltdown containment and focus on controlling SFP risk.

Without water in the SFPs to shield them, the entire site will be too hot for anyone to do anything.

Mar 16, 2011 2:53 AM

the water table would be emitting steam from different places.

Don't buy into the china syndrome thing; that's a fraud.

The reactor boils stuff and they periodically release steam pressure.  I'm not sure how anyone can know how much water they are pumping; let's hope it's a metric assload

Mar 16, 2011 2:57 AM

well, what is left is the SFP.  Air blasts dissipate INCREDIBLY rapidly.  And there is no blast reinforcement except outward.  This is why they use shaped charges and one of the conspiracy theories about Murrah.

I agree WRT the zircaloy and posted a DOE link on another thread, part of it said:

A further literature survey of the recent European works on degraded core phenomenon

[23] has confirmed that the zircaloy oxidation is highly exothermic and commonly leads to a runaway "oxidation temperature excursion" above 1473 K (2191 F) in steam and at as low as 1173 K (1651 F) in air.

This was a paper studying the effects of, get this- a drained SFP.

Mar 16, 2011 2:58 PM

nobody here wants to discuss facts.  They want to be apocalyptic.

If I write a heavily factual post, even referencing technical literature, I get ZERO replies.  Consequently, I must conclude that nobody is particularly interested in factual discussion.

All of the other fact-based posters have bowed out of these discussions.

Mar 16, 2011 3:00 PM

restart of criticality in the SFP means all hell breaks loose...

Mar 16, 2011 3:07 PM

at this point, better hope that it hasn't been damaged.

Restoration of power will be helpful, but at this point, cooling SFPs is the primary concern.

If criticality returns to these rods, the heat and radiation levels will go apeshit.  Free neutron radiation is astoundingly WORSE than gamma rays even.  The additional heat would likely provoke a substantial fire among the rods, liberating fission byproducts

Mar 16, 2011 3:39 PM

would sure like to see some radiation readings....

Mar 16, 2011 4:02 PM

you had all this time and that's the best you could come up with?  One use of "chinks"?

Mar 16, 2011 4:04 PM

huh?  No, I respond to the facts as they become available.

I am not one of the many people here who actually WANT this to be an apocalypse so that they can feel self-righteous.

Mar 16, 2011 4:10 PM

way ahead of you...but I don't see the average person even knowing what's happened in Japan at this point.

No one seems to know nor care about it.

Mar 16, 2011 4:10 PM

no.

I don't want any part of the parade of misanthropy around here.

People here daily salivate for some kind of TSHTF. 

In discussions with them it's clear they don't know the first thing about nuclear power plants, but it was clear in their minds and still is that this will render Japan and the US totally uninhabitable.  I can only conclude from this that they are expressing their wishful thinking.

I am simply responding to the facts as they become available.

Mar 16, 2011 4:13 PM

Pebble bed actually predates lightwater.  The nuclear industry was steered toward what we have by the need of navies for nuclear power systems tailored to their desires.  PBMRs don't throttle up or down quickly and powering ships requires that sort of modality.

Mar 16, 2011 4:16 PM

that is exactly what I have been saying.  I don't get as much pussy as Madcow, though, so take it FWIW

Mar 16, 2011 4:19 PM

To get an atomic explosion all you need is to have a critical mass.

Little boy rammed one piece of U235 into another and it created a big boom.  They were so confident of its operation that they didn't bother to test the thing.

Things like neutron tampers and all the rest of that increase the duration of the criticality...I wouldn't worry about that type of incident here.  Worry about heat and a fire.

Return to criticality of these things would mean neutron radiation, extreme heat, and a fire.

Mar 16, 2011 4:25 PM

water also absorbs neutrons...that was its purpose in RBMKs, which used graphite as the moderator.

The positive part is that a SFP should have negative void coefficient.  Heat and a big fire are still the biggest worries.

Mar 16, 2011 4:28 PM

don't worry, you'll get junked and the apocalyptics will accuse you of saying everything is fine

Mar 16, 2011 4:39 PM

oh JFC...this is like throwing chum at piranhas around here

Mar 16, 2011 6:35 PM

gold just took a dump...somethin blow up in Fukushima?

Mar 16, 2011 6:59 PM

this strength just permits them to print the shit out of the yen..wtf is the problem here?

Mar 16, 2011 7:18 PM

Wow...this thread is a veritable cornucopia of wanton doomerism.

Got a lot of people stocked up and getting REAL IMPATIENT for the end of the world to happen.  No wonder the tenor is what it is around here.  Buncha idiots.

Please do everyone a favor and BUG OUT NOWWWWWWWWWWW.

Quick question...wtf are you gonna do if your bugout ranch happens to be directly downwind of the fallout?

Mar 17, 2010 10:25 AM

CDS are critical.  People don't understand them.

They are not insurance policies, they are the foundation of synthetic debt

Mar 17, 2010 10:29 AM

Yes, there are.

I am in IT and have to compete with H1Bs who lie and fudge their resumes.  Mine is accurate, theirs...well, they say they can do EVERYTHING.

And, what's more, you come on here, TF, any "savvy" forum and all the people tell me that the Indians will work 2x as hard as me and they're technically better to go with it.

And, management "believes" this.  The real-world?  If I had to put together a skunk works with the best guys I've worked with over the years, all but one would be an american.

But that doesn't matter to a manager who gets a bonus off of cost-cutting.  They figure they can put 3 cheap indians on it and win a war of attrition with a software problem.

There are plenty of engineers; but the average mortgage lender outearned one of my best friends (a Jap) who is a ME working at Kawasaki.  Compared to the public sector?  LOL...GS9 secretaries at the FBI can outearn him.

Real wages in the private sector stagnated while the public sector kept getting their 4 or 5% raises...rule of 72 in effect.

Mar 17, 2010 10:36 AM

Bingo...here's how the inflation trade plays out.

It's called protectionism.

They will weaken the dollar that way or drive up import costs, which has a similar effect.

YES, the real economy can crater in inflation.  In fact, this is most often the case.  Inflation in the monetary base and velocity are NOT a problem so long as real production keeps pace.

That won't happen in the US.  Our real economy will continue to crater until nationalism rises and with it protectionist trade policies.  The finger of blame gets pointed at the exporters who really HAVE "stolen" all the jobs.  At that point, you see the price inflation that is incipient and the pronounced effort to weaken the dollar.

Mar 17, 2010 10:41 AM

OMG..Douchinger is warning another politician.

ROTFLMAO.

Wake me up when Douchinger actually flies a plane into the IRS.  So far, it's been all talk

Mar 17, 2010 3:19 PM

Pimpco is way connected.  Bigtime beneficiary of the big table knowledge about the Fed's moves.

Just the auction action in the last few rolls should make anyone go wtf.  You have indirects collapsing, directs doing big work and somehow the BTCs keep sailing along at 3-4.

There are less petro and trade dollars to roll the pre-2008 paper load, much less adding another $1.5 or $2T atop it.  This shit doesn't pass 4th grade math muster.

Mar 17, 2010 3:37 PM

Unless Rahm Emmanuel is no longer Chief of Staff, I'm inclined to disagree strongly with you.

Mar 17, 2010 3:43 PM

Iran is the only takeable transit route for E Caspian gas to Europe.  That's all you need to know.

The trans-caspian pipeline was abandoned because it couldn't be defended from the Iranians.  All other routes transit either Russian or Iranian territory.  Do the math.

Israel is not going to attack...if anyone does it, it will be the United States.  Either the gas is going to China or Europe will have to pay a steep price for it to go through Russia.

This stuff is as simple as bronze age warfare.  Control the strategic points.  Look at our base distribution and naval posture if you have any questions.

Why do you guys think we give a fuck about a shithole like Georgia?  Once you overlay gas pipeline routes onto the region, you can see what the geographic problem is here.

Mar 17, 2011 11:08 PM

trav7777....any thoughts? any bannana comparisons? or are birds shitting on my car?

I'd take your wager on the water table...the steam explosion from that would have probably been enormous.

I don't honestly know why you are so heavily invested in conjecturing an apocalyptic outcome.  Let the facts come out...you obviously are not an expert or even conversant in the issues at hand, so I must ask:  why the hell are you speaking so much?

The primary concern, AGAIN, and as you have been told by others too (and I posted nearly 2 days ago) is the SFPs.  These are the most pressing concern.  Forget the reactors for now...they have containment, the SFPs do not.

And, yes, that birdshit on your car is from the 7777 club NWO remote control flock.

Mar 17, 2011 11:14 PM

it would be laughable in a "drawn and quartered" kind of way if this disaster came down to a pissing match over some generation capacity.

I have wondered why generators were not immediately airlifted into this plant complex if power could have been restored directly prior to blast damage.  Perhaps the switchgear and control systems were underwater and rendered inoperable; I do not know.  But, it would appear superficially that the problem here originated from a loss of power.  If they had batteries cooling this fucking thing (as was reported), then that suggests (but isn't dispositive) that the control and cooling systems were UNDAMAGED as a result of the tsunami.  If this is the case, simply plugging in other generators would seem to have averted the ENTIRE CATASTROPHE so long as it could have been accomplished PRIOR to boiloff of coolant which needed to be vented and then exploded.

I cannot think of a cogent explanation for why emergency generation capacity was not asked for and provided in the time in which the plant was operating on battery power or at least prior to pressure venting.

Mar 17, 2011 11:27 PM

modern society does not select for intelligence.

Mar 17, 2011 11:39 PM

are you really stupid enough to believe that they cool nuclear rods and reactor water by REFRIGERATION?

Please, STFU immediately as you pose a threat to world safety by virtue of your inexorable stupidity.  Once it gets in motion, it may not be able to be stopped.

YES, moron, pouring water which gets boiled to steam COOLS as it draws off heat.  As you claim to be an ME, I would expect you to understand this.

Mar 17, 2011 11:40 PM

WHAT rods that have been blown across the area?!?!  There is NO EVIDENCE whatsoever that there have been rods blown across the area!

Reactors that have blown completely?  WTF are you babbling about?  You are making statements which are not only unsupported by any evidence, but flat out fucking NOT TRUE.

Your statement of uninhabitable Japan is ABSURD.  You have figured out NOTHING.  You just WANT an apocalypse.  All you doomers do, because then you can FINALLY thumb your noses at the friends and family that have rightly deserted you as PARANOID MANIACS for your silver stacking, ammo stockpiling, and canned ham burying!

Btw, we in the NWO have squirrels too, and we are sending them in to eat through your brake cables.  We can't have YOU, the lone ranger, on an obscure website, exposing the fact that we have concealed MOX fuel rods having been blown all the way to Tokyo, nor can we have you revealing that we are in remote control of ALL geiger counters in the fucking country and set them to read normally.  Your brilliance in having figured all of this out through apparently ESP is a threat to our plans to starve the entire world to death by using our earthquake machine to destroy all the factories we own.

Mar 17, 2011 11:43 PM

all he needs now is a black actor to play the genius scientist and it has HOLLYWOOD BLOCKBUSTER written all over it

Mar 17, 2011 11:53 AM

iReporter's meter is set on x.1...there's no way to know from that what the actual CPM is, only that it appears higher than 240 which would be 10x normal background.

Mar 17, 2011 11:54 AM

there are areas people live in which have 200x background and there are no abundance of cancers.  Actually the people are quite healthy.

McDonald's is a bigger risk so far than Fukushima

Mar 17, 2011 12:35 AM

WTF?  Xe-135 is a nuclear poison

Mar 17, 2011 12:39 AM

jfc, put a tampon in your sore vagina already

Mar 17, 2011 12:46 AM

sad, that...but AS IF our bureaucracy is any better.

I mean, we are sometimes great about getting out to the disaster site for a speech and shit, but little else.

Mar 17, 2011 2:16 PM

agree...pressure readings are the tell.  Unit 3 has breached, as did Unit 2 which is now at negative pressure.

Meltdowns have already happened...the issue now is how far through the casing will the shit get before it cools and hardens.

I must reiterate that the reactors' melting down only poses an acute radiation hazard to the complex.  The issue for broader contamination is a SFR fire.  The meltdowns pose a problem because they make the radiation environment too hot for cooling measures to be applied to the SFPs.  Whether or not they get power reconnected won't change this unless the SFP cooling loop remains undamaged, which seems unlikely, but is certainly possible.

Radiation levels are high at the complex but appear to be stable.  Even at 1km, tho, we're talking single digit mSv/hr exposure rates.

Fukushima is such a fuckup because the fuel rods were colocated with the reactors.  Any accident affecting the reactor thus affects uncontained fission products.  Nuclear poisons typically build up in fuel rods, which is why they are removed for reprocessing, but in most cases something like 97% of original fissile material remains in the rods.  Nuclear poisons like Xe-135 have very broad neutron cross sections.

To put this bluntly...I dunno how many rods there are per reactor core, but it is materially LESS than are contained in each reactor's SFP, to my knowledge.  Each of these SFRs may contain 97% of the same material as the rods inside the reactor and ALL 100% of the SFRs have NO CONTAINMENT VESSEL.

Nobody apparently was really thinking much about this, but that DOE publication on this scenario that I linked a couple of days ago was an eye-opener.  The reactors themselves are as MIT guy and the rest stated- even given a meltdown, the chance of broader radiation leakage is minimal.  No meltdown in history has caused severe radionuclide propagation.  However, in the SFPs, we have the equivalent of, what, dozens of cores sitting there with no containment whatsoever.

Once the water levels in those ponds go down, the rods pose an immense radiation obstacle to anyone trying to get close enough to them to remediate the problem.  And THEY are the risk here.

Mar 17, 2011 2:23 PM

it really doesn't matter.  Reactor rods have containment.  It's ugly, but it won't contaminate the countryside in the event of meltdown.

Even Chernobyl's meltdown just flowed into piping and cooled into radioactive glass.  That wasn't the cause of the broader exposure; the fire was.

Since early yesterday I have been saying that TEPCO needs to forget about the reactors because they have the equivalent of dozens of cores worth of reactors sitting in uncontained SFPs in the same buildings.

They need to get WTFever high pressure water cannons that can fire a km and set them up to spray onto the SFPs.  The reactors are going to meltdown and in the case of 2 & 3 appear to have already done so and breached the reactor casing, given the pressure readings.  This sucks but it poses no more risk than TMI did, which while hysteria-provoking (we continually read about MELTDOWN as if that is the worst that can happen), simply isn't going to be that big of a deal downwind.

I dunno how they can get the SFRs out and into a different cooling solution; the problem with these seems nearly intractable at present.

Mar 17, 2011 2:29 PM

it's not going to melt through the fucking earth.

Critical in this context means it will start generating prodigious additional amounts of heat and that dramatically increases the risk of some type of explosion and fire.  Once the core melts into containment, it will flow and disperse and become immediately subcritical. 

Again, don't worry about the reactors...worry about the spent fuel pools.

Mar 17, 2011 2:38 PM

I dunno...I said fireboat 2 days ago.  Where the fuck are they?  Surely, Japan has these with as many ports as they've got.

If the engineers are bowing to the cultural norm, well to some people embarrassing the boss is worse than having the country blow up.

They don't seem to be really innovating that much and decisionmakers may not have realized until yesterday what the real problem is.

They started out thinking that preventing "meltdowns" was their goal...they didn't deal with hydrogen buildup well, and only yesterday did they seem to start addressing the SFPs.  Surely, engineers knew at the outset that UNCONTAINED fuel rods posed a bigger risk than contained ones and should have been the immediate focus

Mar 17, 2011 2:53 PM

bananas actually also set off port rad detectors.  Humans normally don't emit radiation which is why this is exceptional.

Mar 17, 2011 2:55 PM

eh...I can't concur on this.

Until they get the SFRs underwater, they have no chance to clean up anything.  They are in desperate need of radiation shielding for exposed core elements.

It may come to having a team of kamikazes run up with a garden hose, don't laugh.  A remotely controlled crane that could punch a hole and put a hose into the SFPs would be highly useful at this point.

If they can get the SFP rods underwater, rad levels will drop markedly, then the only remaining hot zones would be the reactors which have significantly more containment.

Mar 17, 2011 3:03 PM

man, I offered that idea 2 days ago and I still see none there.

400' isn't enough...radiation is unacceptably high even at 1km.  However, someone should be able to nigger-rig a nozzle that can direct a smaller stream further.  I mean, where the fuck is BA Baracus?  Fire up the torch and weld some shit, bitchez.

I agree that probably people further down the chain are not offering suggestions due to the aversion to appearing to know more than the boss.  But at the same time, the boss may not exactly be going around the table and asking for ideas.

Mar 17, 2011 3:19 PM

WRONG.  Sand was for fire extinguishment.  There is no fire here yet.

Sand would not effectively cool SFRs.

Mar 17, 2011 3:23 PM

your doomer end of the world shit is much better

Mar 17, 2011 3:35 PM

where is the Charles de Gaulle?  Call me a cynic, but I think France wants to try this.  There is nothing to test out the effectiveness of your nuclear carrier and 4.5G fighter like actually using them to impose air supremacy on a 3rd world nation.

I think France regrets not participating in Iraq as they have been desirous of "operational" experience for their armed forces for some time.  The CDG is a big toy, bigger than anybody's but ours and if they can sail it and impose their will with it, suddenly France's international big-stick clout goes way up.

Mar 17, 2011 3:51 PM

that's actually a backronym for SCRAM.

They already have the control rods full in..that happened as a result of the quake.  The issue now is residual heat, and that issue is the same for contained rods in the core as for uncontained rods in SFPs.

Mar 17, 2011 3:53 PM

I dunno why anybody who frequents this site would think that these moves are anything other than political CYA.

There's no alternative here for electricity.  Even with solar and wind out the yin yang, you still need backup generation.  Unless you plan to burn some fossil fuel or you have some good rivers to dam (not environmentally safe either), you use nuke plants.

Mar 17, 2011 3:58 PM

no, that's not how it works.

Radiation is being emitted from radioactive substances, all of which are in the plant complex.  The substances that have gone into the air are primarily I-137 which has a relatively short half-life.

So long as that is ALL that is going into the atmosphere the long-term physical effects will be minimal.  Thus far, that's it.

The real risk is of a FIRE that would being spewing other, more dangerous radioactive substances into the air.  This is what happened at Chernobyl.

Mar 17, 2011 9:32 AM

a reading inside the exclusion zone of Fukushima of 20uSv is utterly unexceptional.  It may be "100x normal levels" but it's not particularly dangerous.

It indicates that as of yet only gaseous radionuclides have been released- these quickly decay.

Mar 17, 2011 9:38 AM

I want IEAE to stand up some gd'd dosimeters.  The absence of information regarding radiation levels has made it very hard to figure out the hour-to-hour and day-to-day situation.

Mar 17, 2011 9:41 AM

"its"

ur too smart to make that mistake...c'mon

Mar 17, 2011 9:43 AM

JFC, just BUG OUT NOW

The reactors HAVE MELTED DOWN.

A MELTDOWN is not a BIG DEAL despite the ABSURD association with the word and the PARANOIA and HYSTERIA over TMI.

Mass die off?  WTF are you smoking?

Mar 18, 2011 1:01 PM

hell no, man, I have never used sockpuppets.

Mar 18, 2011 1:07 PM

turn the lights off in NYC.  Let them make an adult decision for once.

Shut all the plants down and force people to act like fucking grownups.

The can kicking while at the SAME TIME continuing to demand the electricity from these plants, some of which should have been decommissioned already and replaced is childish and absurd.

We haven't built a new nuke plant in forever...this has forced the old plants to continue operating or else the LIGHTS GO OUT.  With NIMBY and AGW raging, good luck getting a coal plant built.  The windmills sound great, but people are IDIOTS to think they are a sole solution. Solar is the same.

WTF remains?  Don't burn oil, gas, or coal...AGW.  Don't build ANY plant IMBY.  Don't put the windmills here either bc they're ugly.

How in the fuck can we survive if everyone is a BITCH?

GIVE ME POWER but DON'T GIVE ME POWERPLANTS

Mar 18, 2011 1:10 PM

R2D2 said so

Mar 18, 2011 1:12 PM

Chernobyl wasn't an earthquake...

focus on what you intend to say, then speak.

I've seen estimates that billions died; I don't put much stock in insane estimates.

Mar 18, 2011 1:15 PM

not to swerve the topic, but how's that oil peak mitigation lookin now, huh?

It may grate on the doomers here, but for there to be a chance for lights to stay on going forward, governments are going to have to bury Fukushima data and truth because the public can't HANDLE adult decisions anymore.

They expect everything for free and no risks whatsoever.  Cake plus eat.

Mar 18, 2011 1:17 AM

i actually see what looks like a pool of water below the green thing...I mean it looks to me like some kind of gantry or catwalk with a railing and then below that several meters looks like a pool of water.  This is the first I've seen of that photo and that is my honest impression.

It would actually be lit up by Cerenkov Radiation.  the water glows with this.

Mar 18, 2011 1:18 PM

So all we need to do is find 10T bbl of something even better than oil.

Good luck with that bro!

Mar 18, 2011 1:19 PM

the technology won't kill millions.

People may die in old age of certain cancers...but here we are already talking about medical rationing so that they don't burn thru a million dollars for a couple extra years of life.  The chances of acute death due to radiation exposure from plant mishaps is vanishiningly small.

ADULT DECISIONS have to be made now...grownup shit.  No more acting like children who think they can have cake and eat it.

The alternatives here are coal and nuclear...pick your poison.

Mar 18, 2011 1:22 AM

if the crane were painted yellow, it would appear green as a result of light from the pond...shimmering would also be caused by water if there is any

Mar 18, 2011 1:26 PM

Actually China is proceeding ahead with PBMR.  I seem to recall reading that AVR suffered from impurities and materials flaws in the fuel pebbles.

Mar 18, 2011 1:27 AM

so says the guy with "2 ME degrees" who doesn't understand how evaporation cools things and thinks that the specific heat of liquid water changes as a function of temperature

Mar 18, 2011 1:27 PM

if you examine the full lifecycle, you'll find that the semiconductor industry (solar) is incredibly toxic

Mar 18, 2011 1:35 AM

you need to ask for your money back, because you have no technical knowledge whatsoever.

The temperatures are high...I already cited a technical document which I'll assume you have read (LOL).

that said, when water is vaporized by something hot, this process is accomplished by heat being transferred to the water.  It's very simple high school chemistry.  Maybe think about taking that when you go for your GED.

Mar 18, 2011 1:40 AM

it will take far too long for me to explain how explosion pressure waves propagate through air, man.

the shit wasn't stored ON the roof...review the diagrams which have been provided dozens of times online or on NHK.  The rods weren't "stored at the top level" as you say...they were part of a structure at the top of the reactor containment vessel, directly adjacent and attached to it.  IOW, they are structurally part of the reactor containment vessel.  The hydrogen exploded ABOVE and AROUND this structure and the pressure wave was reinforced BY these harder structures and ruptured the relatively weaker outer walls and roof.

Your claim that this was a NUCLEAR explosion is utterly ridiculous.  You aren't even conversant with the very BASICS of nuclear weapons OR reactors, yet you can seriously fucking claim to me that by virtue of seeing what appeared to be some COLOR in an "explosion" that you have been able to deduce JUST FROM THAT that we had witnessed a freaking NUCLEAR EXPLOSION?

JFC...please, just STFU.  It was better when you just followed me around the threads posting nonsense in response.  If you want to ask legitimate questions, do so.  Don't offer wild and ridiculous conjecture to suit your apocalyptic wet dream fantasies.

Mar 18, 2011 1:43 AM

and we have a swing...and a HUGE MISS.

Return your "internet forensics" degree to DeVry along with your "M.E." degrees.

Mar 18, 2011 1:46 AM

yeah, Bob, I like to think.  You know, as opposed to you, which would involve making wild and hysterical conjecture while hoping for an apocalypse so that I can get back at the friends who have shunned me as a schizo lunatic madmaxer.

Fuck, man, why don't you just start saying the earth is gonna split in half?

Mar 18, 2011 1:51 AM

I thought I answered this already...?

The color would come from light emitted from the water.

The last guy asked what would happen if the rods don't get cooled.

I cited a technical publication from DOE that studied precisely this scenario(in response to of all things a drained SFP).  I can't keep citing the same stuff, taking 3 junks and NO REPLIES, suggesting that nobody read the fuckin thing.

Suffice it to say that they wordily wrote that hot zircaloy plus oxygen = big ass muffuggin fire.

Mar 18, 2011 11:29 AM

not even remotely close.

why are you still speaking?

Mar 18, 2011 11:54 AM

wtf do you think the translucent green surface is beneath the crane gantry, jackass?

Many people have asked why it would look as if the crane was illuminated...I explained that.  Stop being a freakin moron.

You conspiracy mongers are a fucking infestation on this site...more and more I realize this.  You feed off of this need to feel victimized, so much so that you invent it everywhere.

ALL you can ever say is "it's all lies," and you talk as if you have some special fucking enlightenment...YOU?  You're nothing but a big mouth who thinks his diatribes are revelatory brilliance.

You have nothing to add here and you are desperate to be holding court.  Go write another 10,000 word spiel on...something.  I'm sure all your admirers will tell you how great and deep you are.

Mar 18, 2011 12:00 PM

Everything I said would occur, has occurred.

Nothing you can say or do can change that.  No amount of posting random guys' linkedin profiles can change it.

No amount of bullshit outta your mouth can restore your credibility.  I am hoping Japan turns this around; you are hoping for an apocalypse.  That makes you and the rest SICK.

And that's what it is; you and CD and the rest of the paranoids have a mental illness, probably subclinical, but an illness nonetheless.  Bunch of fucking Eeyores.

Mar 18, 2011 12:02 PM

utter lack of factual rebuttal noted.

This is all you have and all you are, isn't it?  Sad.

Mar 18, 2011 12:07 PM

riiiiiiight.  It's nearly as reasonable.  LOL.  Nevermind it is unsupported by ANY evidence.  Oh right, you'll just claim that any evidence is just lies and propaganda, a highly convenient debate device.

And here I thought you were not that stupid.  WTF are you doing here, man?  You really need to fan the flames of doomer paranoia this badly to feel like your input has any real worth?

Mar 18, 2011 12:09 PM

too many factual inaccuracies to deal with.

as was explained to you previously, the rods were not on the roof.

Mar 18, 2011 12:13 PM

LOL..what?

You have claimed that a "nuclear explosion" threw fuel rods halfway to Timbuktu, and now a reading comes out showing 0 pressure in #3 and you actually feel vindicated?  WTF

Mar 18, 2011 12:21 PM

PANIC NOWWWWWWWWWWWWW

DIG UP THE SILVER AND RUNNNNNNNNNNNNN

JFC...let's shut them ALL down and just burn more coal and oil.

and because of "greenhouse gases" let's stop doing that and just get "clean and renewable" energy from...somewhere.  Unicorns?

Mar 18, 2011 12:26 PM

Mish reporting a 'news flash' that pumps restarted at one reactor, B-berg reporting power attempting to be restored to a pump at Fukushima Dai-Ichi power plant.

Absolutely huge if true...don't have any information upon which to assess the veracity of the claim.

If it is true, I will be absolutely furious that they let a simple matter of loss of power cause a catastrophe of this magnitude.  Watch this be a bureaucractic failure, not a technology one.

Mar 18, 2011 12:29 PM

where were the rods supposed to go?

The politicos and the idiot public have gridlocked any attempt at more permanent solution.

The better question is to ask how many plants worldwide feature colocation of permanent SFPs and reactors

Mar 18, 2011 12:34 PM

this was a pretty big natural disaster.  Saw a CNN thing on one of these cities, had a fucking TEN METER tsunami seawall.  The wave just went over the top of it.

Surely someone will bitch WHY DIDN'T THEY JUST MAKE IT TWENTY...

Mar 18, 2011 12:39 PM

nuclear reactors cannot create H-bomb explosions.

Google teller-ulam, just do yourself a favor.  Drop the conspiracy tinfoil sites and just read encyclopedias.

Mar 18, 2011 12:45 PM

I'm anti-nuclear.  Well, at least anti lightwater reactors.  That's because they really suck for this application.  Too big, too complex, far too expensive and unreliable.  They are superior for military propulsion applications, but that's it.

How could they store all those rods there?  Well, they have nowhere else to put them.  Worldwide anti-nuclear hysteria has prevented any kind of permanent solution so the can just kept getting kicked.

Look at Yucca Mountain.

They build tall buildings in earthquake zones, bud...the engineering is not insoluble.

People simply don't understand nuclear power or its risks.  Now fucking CNN is running "neighborhood nuke plant" OMFG.  This won't end well.

Shut them all down and run on unicorns.  BY NO MEANS have the adult conversation with people that they can't have electricity without power plants.

Mar 18, 2011 12:48 PM

just a couple of weeks ago, in response to Peak Oil, people said oh no big deal, we'll just build nuclear plants out the yin yang.

Worried yet, deniers?

The adult conversation is coming and the compromises can no longer be put off.

Mar 18, 2011 12:56 PM

9.0 quakes aren't probable and neither are massive tsunamis that breach 10 meter seawalls.

The reason they put reactors near water is because they require coolant, tons and tons of it.  As is being demonstrated to the nuclear-ignorant, if you don't cool these things, bad shit happens within a couple of days.

I suggest alternative power technologies such as PBMR, which are inherently more fault tolerant and won't melt down.

Mar 18, 2011 2:06 AM

it's not too late.  All they need to do is hose this shit down.

Really, they could take "volunteers" and get this done. 

If they can JUST get the SFRs underwater, the rad levels will decline markedly, then they can remediate the other problems (which will involve some entombment).

I am reminded of the GOM disaster and how the hysterical public expected THIS SHIT TO GET SOLVED THIS MINUTE.

I mean, WTF, "why don't those scientists just think of something??"  It really isn't that easy sometimes to fix shit.  It's very easy to run around calling TSHTF and TEOTWAWKI.

Notice however, when assessing people's credibility on this forum, who the hell has said "they will do this" or "they need to do this" "beacuse of xyz" and then when it happens a day or two later, take that FWIW.  And take the doomer apocalyptics whose total calamity killing all life in Japan is now overdue for what their predictions are worth.

The situation in Japan has moved from dire to desperate...but finally NOW they are doing what they should fucking do 2 days ago.  All they talk about now on NHK is the propiety of cooling SFPs.  They simply have to prevent fire.  This will buy them time until more appropriate engineering solutions can be concocted that will get the SFRs underwater so that further efforts can be expended.

I mean, look at it this way...nothing has blowed up in a couple of days, which is itself a positive sign.  Why must we always root for total disaster?  There are people clamoring for a yen or dollar or market collapse...wtf is up with that?

Mar 18, 2011 2:19 AM

dude...I have done yeoman's work here trying to keep people abreast of the realities of the situation in Japan using my brain, technical publications, research, and deductive analysis based upon facts as they become available.

But, that said, this may shock you...my life does not revolve around zerohedge!  I am not paid for this shit.  I post here in my spare time.

Don't state shit as FACT unless you can support it with evidence.  As for evidence, you have NONE.

Sure, it is possible that there are fuel rods blown halfway to China, but it is up to you to provide EVIDENCE for that OTHER THAN "well, sheeit that reactor building blowed up real good."

If you want to review a timeline, with when I said things and when NHK started talking about them, you will see approximately a 2-day lag in between when I recognized a problem using my BRAIN and offered a proposal for solution and when suddenly it's all that NHK talks about and what TEPCO is doing.  TODAY they are launching water into the reactors, stating SPECIFICALLY that they are trying to get water into the SFPs and WHY they are trying to get water into the SFPs, which is PRECISELY what I told you fucking TWO DAYS ago that they needed to do and WHY!

I am not going to apologize for being smarter than you and having the ability to diagnose, reason, deduce, and conclude.  I have a long history of making prognostications which come true.  I have said for days now that the primary concern is the SFP problem, how it can be remediated, and what the consequences will be for failure to do so.

You may get your apocalypse, dude, that you crave so badly.  I dunno if you are really that misanthropic, hysterical, or whether you're just rolling the dice like an asshole hoping to be able to say "I told you so."  The problem is, yeah, you told us...but your predictions are sourced from your ass, and that is why NOBODY with any real expertise or knowledge in this subject takes them seriously.  They may turn out to be true, but that will be like my broken Rolex being right twice per day.  Hell, it even gets the day and date right periodically too.

Mar 18, 2011 2:25 AM

ROTFL...you haven't gotten one thing right.  I don't know why you believe that my name is even Travis.  I'd love to see what steps you took that led you to that profile and how you could have possibly thought you were being clever by posting some poor guy's page and claiming it was mine.

I don't even have a linkedin profile.  Now, you can find some other person on the web named "travis" and pretend that's me too, go right the fuck ahead.

You are a complete idiot who has been shown up every way from sunday...fuckin M.E.  Did you HONESTLY believe that you could put that shit over on me, dude?  HAHAHAHAHAHA.

Now STFU and let the adults talk.

Mar 18, 2011 2:31 AM

Stop posting bullshit.

If you have actual news, then disclose that.  Cut the crap and stop salivating for an apocalypse

Why the fuck do you so badly desire one?  Are you that sick?

Mar 18, 2011 2:36 AM

finally a voice of reason...thank god.

It gets lonely in here sometimes with the canned ham buriers

Mar 18, 2011 2:38 AM

LOL...don't tell Boilermaker this.  He has an ME degree and a masters in internet forensics from DeVry.  He says that the temperatures are just too high for any heat to be transferred to evaporating water.

Mar 18, 2011 2:50 AM

Rome collapsed over centuries.

Even let's look at a modern-day collapse, the USSR or Argentina.

Look, people still live there.  The lights are still on.  There is a functioning society.  Yeah a lot more people at the margins starve and there are a lot of issues.  But life goes on.

It isn't going to be as bad as people think.  It isn't as if the USSR collapsed and everyone died.  People still lived their lives, they were born and they loved and they even grew old.

It's like from Heart of the Matter,

There are people in your life, who've come and gone,
they let you down, maybe they hurt your pride...
you gotta put it all behind ya baby, 'cuz life goes on
you keep carryin that anger, it'll eat you up inside

Life will go on.  People will have to find meaning outside of crass consumption growth.

Mar 18, 2011 2:55 AM

then don't ask questions like "how do you account for the fuel rods blown all over the parking lot of my local walmart" when none of those things are true!

Ask me questions that aren't themselves nullities, or else I will just respond with a random answer because propositional logic A=>B, B can be anything, bob, if A is false.

So what do I think about Japan being reduced to a smoking nuclear pile, I think monkeys.

Mar 18, 2011 3:03 AM

I have been watching NHK pretty regularly for several days and I have not seen that radiation level disclosed...where're you getting it from?

The readings that I have heard mentioned were on the order of 2-3 mSv/hr.

300mSv in an hour would cause actual hard radiation damage.  The rad levels I've seen disclosed were only that high in front of bldg 3 IIRC a day or two ago.

I think you mean 300uSv...I just heard that number 4 times on NHK

Mar 18, 2011 3:31 PM

u have a link?  I'd like to see it for comparison

Mar 18, 2011 3:32 PM

uh..bob...the onus is on YOU to provide evidence to support your claim.

Mar 18, 2011 3:47 PM

I'm inclined to agree...fuck crying.  When the facts come out as to the timeline of the crisis and steps where simply stupid decisions were made, heads should roll.  The tsunami was an Act of God, but what happened afterwards was in the hands of men.

Mar 18, 2011 3:50 PM

Agree...as I have been saying for 2.5 days, the loss of water in SFPs has caused ambient radiation levels to rise sharply as the water is the ONLY shielding means for these rods, which are heavy gamma emitters.  This is how and why the problem has become so intractable.  The SFRs pose a fire risk, turning this worse than Chernobyl, but at the same time just the sheer amount of radiation they emit naturally just sitting there makes it impossible to get near enough to them to conduct effectively cooling operations.

Mar 18, 2011 4:06 PM

i thought so too, the rod assemblies were in a symmetrical pattern, not typical of SFPs and there was not anywhere near 45' of water.

The two photos were taken from different angles

Mar 18, 2011 4:13 PM

WTF...just WTF.  8 years for that???

Meanwhile Dick Flud got what?  Mozillo got what?  Paulson? 

Correct me if I'm wrong here, but they all got bonuses...

Mar 18, 2011 4:17 PM

Ratigan has a guy on right now saying the same shit I said 2 days ago...WTF is wrong with these people?  Do I have to fucking do EVERYTHING?

Mar 18, 2011 4:29 PM

it is exceedingly difficult to tell what those pictures actually show without additional reference photos (before pics).

I think you mean res ipsa loquitur

Mar 18, 2011 4:33 PM

of which claim?  That there are fuel rods in downtown Tokyo?

That there was a nuclear explosion?

You claim that this was not a hydrogen explosion...then what was it?  All because of a flash you claim you see on a grainy video...

If something blew up at that point, it would have been hydrogen, dude.  A nuclear explosion, if one were possible in a reactor (which they aren't), would be RIGHT NOW belching asinine amounts of black smoke as everything and the mother was burning.  It would be a gigantic smoke plume going up and up and up.

Mar 18, 2011 4:47 PM

nuclear power is ridiculously safe from a statistical risk perspective, but it has immense tail risk.

The biggest hindsight judgment from this will be the impropriety of colocation of SFPs and reactors, as well as the necessity of IMMEDIATE secondary generation capacity being available.  I don't recall how long the "batteries" were supposed to have been powering this facility, but it's clear that standby generation has to be available within 6 hours of a SCRAM.

As a point of sort of perverse irony, Chernobyl was caused during a TEST in which they were going to be attempting to see if the turbines could function as emergency power in a rundown configuration, in case of the cessation of off-site and on-site power.  In fact, Chernobyl got caused by trying to model the outcome of the exact situation that occasioned Fukushima.

In fact, engineers have already thought of how to solve this and it is why the newer lightwater plants feature passive cooling systems.  It's critical that both SFPs and reactors have some kind of failsafe cooling system.

Mar 18, 2011 5:04 PM

hell it was worse than that...if you were even caught in the king's forest with a broadhead arrow (hunting tip) you were presumed to be poaching and were executed

Mar 18, 2011 5:06 PM

I just heard on NHK that levels inside plants 1 & 2 were in the 20-30 mSv/hr range IIRC.

It's simply critical to distinguish between micro and milli.  i have seen numerous examples of where these two were intermixed.  NHK has reliably used micro.

Mar 18, 2011 5:25 PM

why do you make such logical fallacies?

I have no livestream, and neither do you.  All we have is news footage of what is going on as they spray with water, which happened today.  I see no massive billowing smoke plume which would be an inevitable consequence of a nuclear explosion.

You don't seem to understand that not knowing what is going on is NOT the same as being able to know what is NOT going on.  In this case, there has NOT been a nuclear explosion.  There is NO nuclear fire.

As far as buildings which have exploded, there are 3.  Reactors that have exploded?  None.

Mar 18, 2011 6:16 PM

Did you get a refund yet on your internet forensics degree from DeVry?

I'm not claiming to predict the weather here.  I am predicting that 96% of the fallout will fall directly on your head, because that's what the NWO wants.

Mar 18, 2011 9:03 PM

was my conclusion as soon as I saw it...I am growing weary of this particular discussion

Mar 18, 2011 9:05 PM

sigh...there is NO FUCKING EVIDENCE WHATSOEVER that a nuclear explosion took place.  NONE.

If you were even VAGUELY conversant in ANY topic relevant to nuclear power, you would know exactly WHY such a claim was nonsense.

Mar 19, 2010 10:28 AM

Short answer:  "Because he COULD, motherfuckers"

Mar 19, 2010 10:34 AM

OMG...an "Angry Letter"?!?!?!?!?   Wow, this guy is BAWLZY

What's next, harsh language?  Hide the women and children

Mar 19, 2010 10:36 AM

In this world, there are two kinds of people, my friend...those with loaded guns and those who dig.  We dig.

Mar 19, 2010 10:42 AM

Roach is a dipshit and so is Krugman.

China is BUYING our dollars.  They WILL NOT let the trade balance normalize.

Nevermind the trillions of lousy debt that funded empty buildings and useless factories.  There never WILL be the demand to soak up this capacity...it's already a 100% loss, RoR=-100%.  How much more negatively profitable can you get than USELESS?

And China ALREADY sterilized the reserves!  As such, they are pretty much useless.  Go ahead, let the yuan float on the strength of a ponzi economy run by kleptocrats.

Mar 19, 2010 3:34 PM

First the Fed will ask for an en banc hearing...they'll need enough judges to agree to rehear it and disagree with the panel's decision.

If that is denied or the entire bench affirms, then a Justice would have to grant cert and the matter would be placed on the SCOTUS docket

Mar 19, 2010 3:38 PM

Too much imminent apocalysm...there is WAY more than enough dry powder to continue the inflation trade for a lot longer

Mar 19, 2011 1:03 AM

"us"? Are you black?

Mar 19, 2011 1:17 PM

wow...what did I say like 3 days ago?  France wants to try out its toys.  They need operational experience from the CDG and they need to see the Rafale in combat ops.

If France can succeed in imposing its will on a 3rd world country remotely, its international prestige goes way up.  This is an exercise in geopolitical power projection, no more, no less.

Mar 19, 2011 1:24 PM

we need to know what the contaminants are...this shouldn't be hard.

Mar 19, 2011 1:25 PM

dude, Xe-135 is a neutron POISON.  I told you that the last time you posted this crap

Mar 19, 2011 1:36 AM

CNN reporting that power is restored to #5 and pumps are operative.

First piece of good news in a week.  At least there won't be another meltdown.  #6 should be repowered as well.

Just keep spraying the water to keep the temperature down until an engineering solution can be fashioned to fill SFPs, radiation levels will then decline, workers can work and restore whatever can be restored at that time and move debris.

Mar 19, 2011 1:42 AM

the first???  buddy, it's been announced in the press already that some significant percentage of core rods have already melted.

Do you mean it has escaped containment?  If so, unlikely to be glowing at this point...it'd flow like lava and cool into radioactive glass

Mar 19, 2011 1:46 AM

I see now that it was a replay of earlier reports as a timeline of events.

I dunno about the radiation levels...I need to see data as opposed to reporting which gets fucked up.

But yeah, the gradient can be steep, depending on what is in between.  Think of standing behind a tree vs sunlight.  Gamma is just another frequency.

Mar 19, 2011 1:50 AM

This will cause doomers some nausea, but CNN just reported power restored to #5 and pumps operative.  First piece of good news in a week.  #6 will follow shortly.

The SERIOUS question that need be posed right now is...was #5 without power all this time?  If so, how did they maintain cooling on the reactors?  Did they have emergency generation circulating #5?

More importantly, was the cooling loop on #5's SFP operating this entire time? 

Mar 19, 2011 12:42 AM

Did CNN just report that all firefighters and workers have been pulled out?  Highly negative development if so...

If the fuel rods catch fire, things will go apeshit in a hurry.

Seems like TEPCO has been several steps slow at nearly every point.  Surely, they knew that hydrogen was building up in their reactor buildings and would eventually explode.

WTF do they have to gain by witholding data at this point?

Mar 19, 2011 12:49 AM

There were fires in #4 earlier in the week...depending upon what was burning, it's likely that Cs-137 has been released into the atmosphere.

The steam venting and steam plumes should contain only short-lived I-131.

Mar 19, 2011 8:17 PM

yeah it "has went" that way since you showed up

Mar 19, 2011 8:25 PM

if you think that's an SU-27, you're blind

Mar 19, 2011 8:31 PM

"we"?  "our"?

You're not on the team, so STFU you fucking douche

Mar 19, 2011 8:34 PM

Agree...the SAME people who rail nonstop about the government and lying and ponzis and not to be trusted and revolution are really just maggots cheerleading another invasion. WTF

Mar 19, 2011 9:14 PM

Carrier de Gaulle sighted off of Tripoli...they didn't really get the chance to do much with it in Afghanistan as there was never that much to bomb and no planes to shoot, no SAMs.

This is their chance to prove the worth of the toy, shake out the kinks, get the air force and naval air corps operational experience, and conduct remote theatre combat operations using their carrier group.  Funny how the war kinda "waited" for CDG to get done with refits in Toulon.

As we speak, they are launching their 4.5G fighter, which is by all accounts a pretty excellent aircraft, off of the only nuclear powered carrier and only CATOBAR ship other than ours (and the Sao Paulo which was formerly French but is diesel).

This may look like a real war, but it's a geopolitical calculation for the French and an opportunity to gain actual combat experience.  They have been looking for a lower-risk war to participate in since Iraq2.

3rd world countries will have to take note that the likes of China can't sail to your coast and drop bombs on you.  Russia might if they could keep the Kuznetzov in the water for long (but by virtue of its STOBAR configuration, heavy strike packages off the deck are infeasible), the US might, and now France might.  This type of posture adds weight in "discussions" amongst sovereigns about who gets things like oil or mineral rights. 

Mar 19, 2011 9:26 PM

France has some cool toys they need to mess around with.

From all accounts, the US and UK aren't heavy participants yet.  France wants to do the Bosnia thing and see if it can be "won" that way.

Part of imperial power is the ability to project your forces at vast distances and fuck up other nations.

Mar 19, 2011 9:47 PM

hardly any whites?  WTF...the military is majority white.

Mar 19, 2011 9:49 PM

I was dating a nice young au pair from brazil a few years ago, educated girl and she talked about the American History that the rest of the world learns.  Apparently, they kinda all learn our history and she was like jeez you guys are like always in some war here or there.  I said yeah, US history is kind of a history of war.

When you have 10 of these CVNs, you have to park them somewhere and use them somehow.

Mar 2, 2010 10:06 PM

I have used CNI.  Bot from them at $285 and $305 for Mapes.

The exwife stole those...:(

Even see posters on TF whom I know recommending CNI.  They're the best outfit so far as I'm concerned.

Mar 2, 2010 10:12 PM

I agree.

I plan to preserve my wealth by stockpiling the currencies of bankrupt nations

Mar 2, 2010 10:17 PM

I did this analysis years ago...I came up with Brazil and Norway.

EVERYTHING revolves around energy and these are two net exporters with functional economies.  Each has major pros and cons.  Canada would be ideal but/for its proximity to the US.  All other major oil exporters are Russia or Arab.

Would not touch a country that was a major non-energy commodity exporter, nor a major importer.  Maybe hide out in Iceland, who knows?

Mar 2, 2010 10:56 AM

The time for this was right after 9/11.

Iran offered up the nuclear program and the Hezbollah in exchange for normalized relations and Busch told them to get fucked.  Now we are hyperextended in two godawfully expensive wars of nation building and going through a huge recession.

I don't see Iran giving an inch; why should they?  They already have the pipeline transit deals to China and are forming resource partnerships.  Sanctions will go nowhere and a wider war by Israel is a non-starter.  The jews were so squabbly after the non-win in Lebanon last time and calling for heads - their army isn't what it was when it fought in the 6-day and Yom Kippur conflicts against other armies.

Too much knowledge has been gleaned regarding asymmetric warfare and attrition for any conventional force to get anywhere without "offending" the international community (iow Europe) at the bloodshed.  Iran has rearmed its proxies in Lebanon and if Israel chooses to go the war route, they will not fare better this time than last.

Certainly, they have the armament and force structure to level places, but that is simply politically unpalatable at this juncture.  We did nothing about PRK, Iran sees this as jawboning and they are correct.  They will receive patronage from China in the UN and there is no practical way to destroy their capability without seriously jeopardizing any stability in the region.

Mar 2, 2010 11:03 PM

Cut spending?

Ok, let's go down that road...

The economy depends upon what 40% of GDP is now government.  So you cut that off.

Vicious circle of business closings and tax receipts fall even further.  Govt's have to cut more and tax more.  Repeat.

Is this deflationary?  Sure, up until the point at which the TWENTY FOUR TRILLION worth of gov backing and guarantees come due on all the distressed assets that will only become more distressed as spending drops.

This nation has been propped up for DECADES on a debt pyramid.  Nobody even knows wtf the real economy IS anymore; it's been bullshit for so long.

But any meaningful cut in spending means an even more meaningful decrease in receipts (the gov recycles its own spending in taxes) which would need to be addressed by a further cut.  And you have to do that until you back out a couple of TRILLION in "economic activity."

What would this do to housing prices, CRE?  Um...implode it?

And they already FF&Cd most of this shit to the tune of $23.7T of guarantees.  So, let's implode it and put the government on the hook for even MORE expenditures?

The bailouts make monetization inevitable.  Cutting spending would start the avalanche.  Sure, there is no way out of this mess and the outcome is the same either way.

But to pretend like we can just cut now that we've backstopped every fucking debt product to the moon and back and somehow become "fiscally prudent" and then that will save us?  Nonsense.  The die is already cast.

Mar 2, 2010 12:36 PM

CD, use Orwell...it's the "Ministry of Truth."

Mar 2, 2010 12:44 PM

I agree...this argument revolves around the notion of the deflationists like Douchinger that the governments will implement austerity.

Of course he says we can't "devalue" and everyone is fucked worse because we are the reserve currency.

Yes, there's an inherent contradiction.  We don't HAVE to implement nominal austerity *because* we can print the reserve currency.  Nobody is going to impose austerity on us like with Greece.  The only way that can happen is total FRN collapse with replacement by another reserve or if we have to start sourcing FX'd debt.

You couple that with a totally consequence-free deficit mentality in DC.  They are programmed to spend money they do not have.

I see no possibility for austerity measures here except if our currency is replaced.  Congress will not and cannot implement austerity because Congress is pathologically dysfunctional.  And, what about austerity?  Fuck it!  They held up billions for UE extension and the wars cost what?

Austerity is all about sticking the masses with the bill for the ELITES' running up of the gov'ts' tab with their BRIBED political leaders!  The elites made out like kings during this debt wave...we are the Bamboo Lounge writ large.

The Fed HAS to know by now that credit growth is done and cannot be revived.  There are two courses here, dramatic contraction of gov't at ALL levels, which employs what half the goddamned country, or to start unsterilized injections of cash.

The productive sector is crumbling under the weight of the burdens imposed by the public sector - they're suffocating the life out of it like a Haitian building.

Mar 2, 2010 12:46 PM

I gotta agree with this.  Max it out and walk.

Buy gold with it and then you can give it to a banker to give you a credit card with a whopping 75% of the value of the gold as a credit line!!!!!!!!!

Mar 2, 2010 4:43 PM

This is an easy one.

Deflation kills the leveraged.

Who is more leveraged than banks?

The banks nearly all went tits up in 2008 during a relatively mild deflation.

Inflation has HELPED the banks...think about that.  Have the rich gotten richer?  Have the banks taken over more of the economy?  Think about it...since 1971.  This is the deflationist mantra, that creditors don't want deflation.  What do they want, defaults?  We've had unabated inflation since 1913 and how have the elites and banks done?  Inflation is good for them.  They make far more money off of it than they lose in "dilution" of their lendings.  Lending is not how banks make money, they make it by BORROWING.

There isn't a bank or government out there that can survive the type of deflation that tools like Douchinger predict.  The math of debt-based money makes deflation a self-reinforcing, implosive spiral.

Mar 2, 2010 4:47 PM

Complete horseshit.

The biggest debtors ARE THE BANKS and the governments!

They haven't leveraged the trillions?  Seriously?

I got news for you, man - they are ALREADY leveraged to the goddamned MOON.  That is why the mild deflation of 2008 nearly put every single one of them out of business.  The banks are INSOLVENT.

Fiscal restraint???  Not from where I sit.

Deflation would collapse the USG.  We cannot pay the coupon or roll our debt without monetization.  Let an actual auction fail and SEE what happens to the value of the dollar

Mar 2, 2010 4:59 PM

I've got bad news for you:

CH4 + 2O2 => 2H2O + CO2

Mar 2, 2010 6:16 PM

Calls on Greeks to help 'the country'??!?!  and by that you mean the fucking oligarchs who were the BENEFICIARIES of all that government spending?

Fuck, people, look at what our government spends ITS debt on.

Is it fucking welfare?  NO. 

Mar 2, 2010 6:32 PM

With these banks in this type of shape, does anyone seriously expect deflation?

They're ALL insolvent.  The only thing keeping them afloat is that they're zombies.  The Fed stands by to print whatever's needed to keep the cash ponzi alive.

The FRN has no value; time to accept that.  This is like a bank run on the gold standard except it's the FRN standard.  They will manufacture those.

Inside these banks' balance sheets are MASSIVE, incredibly supermassive leveraged vehicles.  THAT is why they are insolvent.

If banks were really "lenders" in the conventional sense, do you think they'd have gone bankrupt due to deflation in 2008????

They are more scared of deflation than anyone.  Their shares' price action in the deflation days before QE should tell anyone all that they need to know.

Mar 2, 2011 1:43 PM

some people are ineducable.  Piss into the wind for all it's worth

Mar 2, 2011 1:48 PM

fuck off

take your racebaiting bullshit somewhere else, punk

Mar 2, 2011 1:50 PM

evidence of what, Bama's birthplace?  Is there any?  I mean, shit, the guy may as well have walked out of a cornfield 8 years ago. 

Howard Hughes was an open book compared to this guy, seein as the millions he's spent on sealing and court fights over every little track in the sand.

Mar 2, 2011 1:56 PM

Bernays was a jew

Mar 2, 2011 1:58 PM

He fucking BOUGHT THE WAIVERS.

JFC, they freed the Lockerbie bomber for oil, Saddam used oil vouchers for a decade to circumvent sanctions

Mar 2, 2011 10:24 AM

important to remember that DXY doesn't measure the true dollar, only dollar relative to other currencies.  DXY may very well go up while inflation ravages nonetheless

Mar 2, 2011 10:31 AM

priceless gold is worthless.  Gold must flow somewhere and trade for something.

If there is a stampede for less available physical, GLD will actually start trading at a premium to NAV.  GLD actually is a mechanism for runaway appreciation in the way that it is structured.  On the flipside, if GLD actually has a significant amount of physical, which there is significant evidence that they do, if the major banks can short it to a discount to NAV, they can force it to disgorge its holdings into the marketplace by the same mechanisms.

Mar 2, 2011 10:42 AM

so, what's he gonna buy, then?

Mar 2, 2011 12:16 AM

so don't deposit with jewstreet banks...your shit will get frozen without warning

Mar 2, 2011 2:02 PM

increased demand does not cause inflation!

Printing money in a futile attempt to pay the extra price DOES. 

Mar 2, 2011 2:09 PM

huh?  Average brain size of blacks IS smaller.

This is what we call a "hate fact."

Oh and while I'm up, STFU you uncle tom racebaiting fuckstick

Mar 2, 2011 2:13 PM

yeah I just met w/ an HR person who talked about how people are MUCH happier with this year's 401k plan administrator...I just bit my tongue and did not ask the obvious, "why, because their balances went up?"

Mar 2, 2011 2:16 PM

ain't it amazing that Congress's aggregate approval rating is below 20%, yet the SAME motherfuckers get sent back over and over and over again?

These career incumbents like Barney fag and pelosi...wtf, you'd have me believe that EVERY incumbent has 60% approval in their home district?

Mar 2, 2011 2:25 PM

you even bring up XLM and you can forget about getting any polyanna to accept even PO...it's just too fuckin scary.

I don't even broach this subject much in the discussions because you don't catch birds with sudden movements.  XLM is hades on the horse following PO.

There are several nations who hit peak in the past decade or so, all hit net importer around the 7 year interval.

If you're looking for bugout, you have to find a net exporter, because the fight is over exports.  We are looking at scrapping against nuclear powers now for the dwindling globally available oil.  Or, facing having to literally deprive people in producer states of product.

Mar 2, 2011 2:31 PM

A nofly zone would require massive initial bombardment of Libya's air and SAM assets.  It would not be as simple as declaring it and then flying sorties off the Enterprise with a couple of planes and helos from the Kearsarge.

Mar 2, 2012 1:50 PM

the "fact"???

ROTFL...that you would believe a single word cliff says sheds more light on the idiocy of you both than anything I could say.

Mar 2, 2012 1:51 PM

So sayeth the guy who wants to hasten an industrial panic so he can be a petty tyrant?  ROTFL

Cliff, you are TOO MUCH. 

When was your divorce, btw?

Mar 2, 2012 1:53 PM

HUH?

Did you miss like the DOZEN times I told people to put on this trade and said when I DID SO myself a couple months ago?

Mar 2, 2012 1:56 PM

nonsense...the gold market is one of the most liquid in existence.

why is it that EVERY downtick calls you morons out to bleat "MANIPULATION!!!!!11"??

Mar 2, 2012 1:56 PM

EVERY downtick is manipulation

Mar 2, 2012 11:08 PM

what 24 year olds were really getting $2M a year?

Mar 2, 2012 2:00 PM

huh?  Silver was down more than gold was and is again today.

You silverbugz must enjoy getting blowtorched like that.

All the breathless silverbugz rushed in like idiots once "Turd" said silver to DA MOONZ or $42 or whatever and the next day it simply got smashed.  Silverbugz are huge fades, the classic "dumb money"

Mar 2, 2012 2:01 PM

there's no limit to idiotic conspiracy theories from you people, is there?

Mar 2, 2012 3:02 PM

just...wow.  "ethicists" said this shit?

The entire framing of the argument is absurd on its face.  Depriving a person of their life doesn't represent a "loss" to them either because they will be DEAD and unable to copmrehend the loss.  So long as you do it without telling them, the argument is equivalent.

Mar 2, 2012 3:04 PM

your second paragraph just prequalified almost all black women

Mar 2, 2012 3:07 PM

these systems work better where there are no significant minority populations, and by that I mean brown people...but in the end, any system predicated upon perpetual growth is doomed.

Mar 2, 2012 9:42 AM

they were happy to blowtorch silverbugz, tho

Mar 20, 2011 1:06 PM

#LOOSE

#FAIL

Mar 20, 2011 1:10 AM

have you not been bitchslapped enough yet?

WTF is the matter, DeVry wouldn't give you your money back?

Mar 20, 2011 1:13 AM

Nothing is more pathetic than a bitter armchair warrior maggot...like you.

You are by FAR the biggest douche around; a person who gets his kicks from rah rah "yay team" shit from a military he DOESN'T FIGHT IN is a pathetic and sad sack of shit.

You are...pitiful.

Mar 20, 2011 1:16 PM

a white man?  David Duke?

Mar 20, 2011 1:18 AM

"We"??????  Wow, you were a GW1 vet?  And, with "blood," so we can look you up in the Purple Heart registry.

You fucking pathetic maggot.

Mar 20, 2011 1:28 AM

got a brother who is SGM, not the same kid I grew up with.

Mar 20, 2011 1:35 AM

why's this need to be done?

I'm stunned that our Nobel Laureate is using lines that may as well have been spoken by Busch...in fact, I think they were.  "We cannot stand idly by while a tyrant..." is just recycled bullshit.

Mar 20, 2011 1:44 PM

so if 5 and 6 were being kept cool this whole time so as not to melt down and hydrogen explode like 1-4, then why the fuck didn't TEPCO, a fucking POWER company, splice a line over and round robin the other reactors just to keep them from going tits up until they could get backup generation airlifted or a hard terrestrial line run?

Mar 20, 2011 1:46 AM

perhaps you can cite what was rayciss in the post, jackass...I'm all ears.

FYI, that epithet is so overused it no longer has any meaning.  it's something that bitches cry when they don't like what they hear and nobody cares anyway.  All you do is expose yourself as a punk by using it.  POCs laugh at you behind your back.

Mar 20, 2011 1:51 AM

WTF?

Mexico's economic power isn't rising.  Their oil production has peaked and they are now a net importer.  Their clout is fucked and will continue to get fuckeder

Mar 20, 2011 1:53 AM

somebody needs to shove a pellet of Zyklon B down your throat and then set you on fire.

Mar 20, 2011 10:58 PM

not exactly...the fallout in the driveway probably won't dose you (unless you are really close to the source), but the shit on your clothing will.

The problem is when you get high readings...which direction do you run?  Have to have knowledge of the recent prevailing wind patterns and go perpendicular.  But, if the shit is hot enough, you will take a lethal dose getting to safety.

The potential of radioactive or lethal chemical fallout is potentially intractable for people with bugout ranches downwind of an incident.  Given the distribution of nuclear power, coal plants, and other industrial facilities, there's really nowhere that isn't downwind of something.  And, once that shit gets into your soil, your ranch/farm/animals/everything is in a state of area denial.

Anyone concerned with dealing with a personal radiological incident would have to be prepared to stay indoors with a taped up house for the amount of time it takes the Cs137 and Sr90 isotopes to cool off enough to make moving feasible.  Then you have to drive out with whatever you can carry, don't run the AC, seal up the car, etc., and take a complete wash and abandon anything that has exposure.

Even years later, kidofspeed (I read that blog 5 years ago) made sure to drive down only the middle of the road, don't tread off of worn paths, under no circumstances ever enter any building or walk into any yard, and have to suffer a strip wash in and out of the exclusion zone.  And this was a decade after the incident.  Don't disturb any dust.

Mar 20, 2011 11:06 PM

Let's face facts here:  you are BY FAR too stupid and ignorant to know even if I was talking completely out of my ass, you stupid douche.

Nothing you have said thus far on this entire topic has been useful, so why not just trying shuttin the fuck up before you embarrass yourself even more than you already have?

Mar 20, 2011 11:28 PM

childless men over 35, AKA LOSERS

Mar 21, 2011 12:14 AM

cores in the water table would mean plutonium in the water.  This is adjacent to the ocean, water table is not an issue and you think it migrated all the way to tokyo already?

You watched China Syndrome too many times, dude...

Mar 21, 2011 12:18 AM

Full moonbats out in force.

We would actually attack a NUCLEAR ARMED country with our earthquake gun?  Are you fucking nuts?

Japan has one of the strongest navies on the planet as well as 100,000kg of plutonium, advanced rockets/missiles, guidance, satellites, etc.

Mar 21, 2011 12:20 AM

huh?  They admitted fuel rod damage several days ago.

Mar 21, 2011 12:25 AM

most of the people left NO before Katrina.  What remained demonstrated decidedly subhuman behavior

Mar 21, 2011 12:26 AM

Water is wet...boilermaker is a douche.  Next self-evident truth...

Mar 21, 2011 12:31 AM

Water is wet again, boilermaker is still a douche.  The sky is up.

Wow, fuel rods are damaged?  They said this shit half a week ago, 40% damage in one core, 20% in another.

WTF was expected without coolant for a week?

I still want an answer as to why #5 and #6 did not melt down...if they had power, why could not a POWER COMPANY splice a lead over to the other plants and round-robin some cooling until a hardline or other backup generation could be imported?

I mean, I'm sure Japan was pure chaos after the quake and tsunami and maybe I am expecting too much but their response seemed totally paralyzed.

I'll go out on a limb at this point and say the United States is calling the shots at this point.  I expect that our initial offer of backup generation was rebuffed or else was too conditioned to be accepted with face, and because our experts knew the plants' configurations, they assessed high probability of meltdown, hydrogen explosion and SFP problems, so the decision was made to move our assets to a position where costly decontamination would prove less probable.

I had heard reported that the US "strongly recommended" the chopper drop and probably the fire trucks as well.  At this point is when Mr. TEPCO went on TV crying.  Perhaps his incompetence was finally manifest at that point and he had to be relieved.

The things I was calling for 2 1/2 days before they happened, surely there were others who knew these things and were making the same suggestions; unclear is why TEPCO failed to implement in a timely fashion.

Mar 21, 2011 12:54 AM

meh...not true.

The thing was that they DIDN'T say a lot.  Pretty much everything they said when they said it was true, but they left a hell of a lot out.

But it wasn't as if there was nobody around who was smart enough to figure out what would be happening even if TEPCO didn't say it was.

Mar 21, 2011 12:56 AM

well at least any lies are transparent LOL

Mar 21, 2011 2:44 PM

we (NWO) have been using the remote control pigeons to peck at and carry off small pieces of the structure when the cameras are not aimed at the complex.  Eventually, we can say "what reactor 3, do you see a reactor 3?"  All the bits and pieces are being distributed to the front lawns of those super-sleuths on ZH who figured out our plan to use HAAAARP on the full moon and move Mars into Uranus.

Mar 21, 2011 2:59 PM

the guy is a talking head with his own agenda...he's not technically conversant in any of the issues.

he's talking about negligence over a 50 year old reactor design originally built 40 years ago.  As if we can backdate today's technical understanding to the 1950s

Mar 21, 2011 3:18 PM

I got the marshmallows, who bringin the graham crackers?

Mar 21, 2011 4:38 PM

can we get some pics of these domes?

Mar 21, 2011 4:40 PM

this is the most absurd shit I think I have ever read.

Mar 21, 2011 8:12 PM

The shit has a completely inconsequential halflife...JFC the hysteria. 

Mar 22, 2010 10:14 AM

ok...republishing copyrighted materials IS against the law.

However, reporting on their contents is protected by the First Amendment.

Mar 22, 2010 10:19 AM

Who cares?

Fiat collapse is coming...we've got negative marginal productivity of debt, negative EROI energy "sources"...shit is gonna fall apart.

This isn't the first Central Bank of the USA.

We all can look into history and see the multi-decade, and sometimes even multi-century collapses of currencies and empires.  Everything just looks immutable to us in our sense of the present, instead of in the abbreviated timemachine of the history books.

The Grand Canyon didn't start that way...but it looks the same now as when I was born.

Mar 22, 2010 10:24 AM

Let's just remember that the clearing brokers have their own prop desks.

If JPM is net short one position and has a client that is net long that position and has some other position nearing a margin call, say short euro, JPM can jam the euro up that client's ass and then force them to liquidate their longs and snatch up those positions in the firesale and cover for $$$$$

This is exactly what GS did to Amaranth.

Mar 22, 2010 10:53 PM

You do realize, he's outnumbered just in GS execs by jews like 100-1, right?

You guys would claim the Klan wasn't racist if they had one token mexican with a sheet on

Mar 22, 2010 10:59 PM

Oh but it gets WORSE.

Ask me about synthetic debt sometime.

If you look at them the right way, CDSs look like reverse bonds except without any capital.  Any payment stream can be securitized.

People out there have no clue wtf has been going on to drive credit growth...even the big fin bloggers like Douchinger and Mish couldn't connect the dots.  I ghostwrote a post on TF and he locked it in "Gold" and then cribbed it for a ticker lol

At the core of these AAA rated instruments is shit of literally zero worth, by design.  How much is a mezz tranche of synthetic debt worth if the underliers hit trigger?  They sold QUADRILLIONS of this shit under the assumption that nothing would ever trigger.

Debtmoney demands it...if the real economy cannot drive credit growth due to resource peaks, make up an economy

Mar 22, 2010 11:20 AM

Employment is for losers.

Everyone should get a cushy gov't "job."

When the productive sector is gone, they'll just weimar the checks.

Mar 22, 2010 11:23 AM

It is getting to every nation for themselves time.

If the Euro really does collapse, I laugh at the dollarbulls yucking it up with the schadenfreude.  A major fiat paper collapse will get everybody looking at the USD as the next shoe.

Germany can make a go with the mark because their economy is seen as viable...wtf do we have?

You think Lehman was bad, wtf if the euro goes TU.  A lot of banks will be completely destroyed.

Mar 22, 2010 11:33 AM

I don't get gold bugs thinking that gold will go to $5000 and the price of gas won't be $15/gal.

Gold is merely something to translate your paper into that you can translate into the next paper after they revalue the dollar by necessity or default on the FRN.

People say that the elites or the banks won't "let" the USD devalue?  Listen, in every major collapse, those connected to the political elite already had their wealth out of the peso/ruble/cruzeiro real/etc before TSHTF.

Fortunately, our elites are already well set up in Switzerland.  Remember, the "banks" and the "corporations" have no special place in the hearts of elites...these are merely vehicles to serve elites' purposes.  They WILL NOT CARE a shit if the bank they run fails completely as a result of a currency event so long as they, the executive class, get paid, and they always have.  People need to see past the "institution" and see the people behind it.  Those people have no honor nor allegiance to the institution; it serves as a mechanism to enrich THEM, no more and no less.

Even AIG paid big bonuses.  One or two Dick Fluds may get thrown overboard, but these are just sacrificial lambs.

Mar 22, 2010 4:53 PM

Thanks, Cpt Obvious.

Like I wasn't sayin this back when they opened the facility.

Tried to get people to open their eyes...that the IBs were not swapping AAA paper, it was garbage, CDO squared shit and mezz tranche and things BUILT to go to zero.

Shit, most commentators are still acting as if these were real mortgages!  THEY WERE THE FUCKING TRANCHES THAT THE BANKS COULDN'T MOVE QUICKLY once the music stopped.  That's what got stuck in their conduits!

95% of the reporters, commentators, and posters on financial sites like this DO NOT understand structured finance nor synthetic debt.

How much is a super senior tranche composed of a bunch of equity tranches worth?  It's AAA!!!

Mar 22, 2010 9:06 PM

Go down the list of the 5 major Hollywood Studios.  Or the CEOs of the major banks.

I mean, you'd have to be idiotic to not find this preponderance of semites at the pinnacle of finance to be "mildly" coincidental.

No conspiracy, just concert of likeminded actors and clan nepotism.  Any other ethnic group and someone would file an EEOC lawsuit.

And, you need to look into some history...founders of the BOE, Fed, the Weimar bankers...basically the banking clan since the 1600s has been not just predominantly but nearly exclusively jewish.  And you find nothing but ACCORD here that this institution is evil and fraudulent.  But as soon as someone points out "anomalies" in the ethnic composition of this kleptocratic bunch, the apoplexy reigns.

All these "banksters" people are railing against?  You get another weimar and it leads in one direction.  People aren't intelligent enough to understand that "all A are B" does not imply the converse.  How many middle class lives need get destroyed in currency games and banking scams over the centuries before trouble erupts?  There will be no consolation for scapegoats caught up looking too much like real culprits.

This level of ethnic homogeneity in an industry noted for fraud, scams, and the destruction of entire nations' finances is very dangerous.

Mar 22, 2010 9:12 PM

You do absolutely nothing for your case by reductio ad absurdum.

There is ethnic nepotism everywhere.  This isn't about a religion, it's about an ethnicity.

As I said below, this level of concentrated ethnic homogeneity in an industry renowned for fraud, scams, and economic destruction is very dangerous.

I guess diversity is only for anglo saxons.

It's ok to have only jewish voices in finance and jewish voices in media production, right?  Don't question the orthodoxy.

Mar 22, 2011 1:21 AM

smoke from 2 & 3 now...somethin is afire.

What Fukushima has taught us is that an inevitable consequence of childlike behavior among a populace demanding more and more power but refusing to accept the construction of new plants is that shit that was obsolete a couple of decades ago has to be given more and more life.

How much longer could FU Daiichi have run before the SFPs were chock full?  THEN WHAT?

WTF happens when all our nuke plant SFPs are full?  The "process" just NIMBYs a more permanent solution, and then the public cries like bitches when an accident happens and oh shit, wtf is all this spent fuel doing here?!?!

We have refused to buy a new car for decades, preferring to run the old one till it dropped.  Well, you can see the fucking road through the floor and here we are all bitching about how unsafe it is.  The lack of safety is as a DIRECT RESULT of childish behavior among the public.

These fucking SFRs wouldn't even BE IN THOSE POOLS in this abundance were it not for the refusal of ANYONE to make an adult decision about this.  But, god no, let's COMPLAIN as well about rolling blackouts and power shortages.  Then complain about how "unsafe" our reactors are, then refuse to remediate that issue, just pretend it doesn't exist.  Pretend we can have power without power plants.

Electricity usage per capita goes up, up, up...more and more iShit to plug in and recharge. 

I am quite certain that if the US did the smart thing and that's SHUT DOWN any and all reactors with Fukushima issues, that there would be near RIOTS over the blackouts which occurred.  And then the next day the SAME people rioting over blackouts would fuckin protest and demonstrate and lay on the train tracks to block the construction of a new power facility of ANY kind.

the Mark 1 BWR is nearly a 60-year old design.  Mark 2, 3, even 4, and other superseding designs have come out since then.  Everone says TEPCO was an idiot for having chock full SFPs...NO.  These SFPs colocated were only intended to TEMPORARILY store fuel rods on a refuel until they cooled and were then presumed to be going to be sent for reprocessing or permanent storage!  There was NEVER supposed to be 4 decades worth of SFRs sitting up in the attic!

But TEPCO was in a dilemma, facing political pressure from government actors who could not suffer the ignominity of having lack of power for anyone, god forbid...and they were also DENIED, as are our NPP operators, ANY type of long-term storage, as was PROMISED at the time of construction!

Here we are, 50 years later and there is STILL no waste repository anywhere.  The rods just pile up and pile up and the government continues to kick the can.  Fukushima is the climax of decades of asinine decisionmaking, inability and failure to confront real compromises, on the part of government and those who elected them.  It was out of sight and out of mind.

Mar 22, 2011 1:33 AM

end to blackouts??  ROTFL.  Japan was obviously consuming right near capacity and just lost 5GW worth of power.  WTF are they going to do?  Stand up some more 50 year old nuke plants?

If Japan shut down all their ancient plants, they'd be in the dark.  There is no way out of this anymore; the can can't be kicked.

The world needs to face the music...there is a need for comprehensive addressing of energy issues, and that includes the upside and downside of competing energy production methods.  If that's nuclear, someone has to answer WTF do we do with the waste.  The US has some of the oldest nuclear generation capacity in the world and we STILL have no waste storage site.  Our SFPs are presumably getting more and more full.  We're on borrowed time waiting for our own Fukushima.

And everyone will fingerpoint the ineptitude of the plant operators for being so stupid as to store all those SFRs in that place.  WTF were they supposed to do, take them home as Xmas presents?  Put them in the local landfill?  Fedex them to China?

Perhaps Goldman has economists who believe that you can print up some electricity.  This just shows the irrelevance of firms like GS and the entire financial "industry."  If we shut down all these plants, all their stupid projections and economic theories will all just fall to complete shit.  There is obviously ample demand for electricity in Japan, why hasn't supply just shown up to meet it?

Mark 1 BWRs need to be retired.  40 years' worth of fuel rods should not be colocated with reactors because governments who are a necessary participant in long-term waste solutions REFUSE to do their fucking job.

Mar 22, 2011 1:46 AM

WTF were they supposed to do?

Japan is in blackouts due to this.

Germany is decommissioning all older BWRs as a result.  Where is the fucking electricity supposed to come from...Libya?

going to be some "Hudson" moments "WTF do we do now? We're SCREWED; game over man, game over"

People are acting as if all this stuff was somehow optional.  I'm sure when they put this plant together that nobody actually seriously envisioned it running for 40 years and having every last fuel rod sitting up in the temporary pond.

Mar 22, 2011 1:49 AM

wavelength and dipole length of water molecule.

Next

Mar 22, 2011 11:25 PM

this is false...the chance of runaway criticality is negligible.

For nuclear weapons to even work, they have to have not only an implosive pressure wave, but neutron reflectors and dense tampers surrounding the criticality portion of the physics package because the thing repels itself violently via Coloumb repulsion.  The fission yields on atomic bombs are quite low for this reason

Mar 22, 2011 11:27 PM

no, it wouldn't.

There are infrequent fission reactions in SFPs; read about them.

Mar 22, 2011 11:35 PM

People here HATE any positive developments.

They're just stating a fuckin fact, control room power is restored. 

I know you guys are disappointed as hell that shit hasn't hit the fan and "The Road" isn't reality yet

Mar 22, 2011 11:38 PM

And you base this conjecture of recriticality on WHAT exactly?

Are you aware that like 5-10% of a NPP's MWs are provided by decay heat alone?

Mar 22, 2011 11:40 PM

JFC WTF is WRONG with you?

Why do you WANT this disaster to get worse?

You motherfuckers are BOOING decent news or ANY positive development as if ANYONE implied shit is going to be fine as a result of a positive development.

They state a fucking FACT and you boo it.

Mar 22, 2011 11:40 PM

NOBODY is saying that!

When faced with the HORRIBLE outcome of a NON negative development, you people simply invent a strawman like that ANYONE ever said that shit was going to be "just fine"!

WTF is WRONG with all of you?

Mar 22, 2011 11:47 PM

ZERO.  the reactors are subcritical.  Period.

There are too many nuclear poisons and insufficient moderators to sustain fission.

Mar 23, 2010 12:55 PM

The Irish experience is like the Great Famine.

Britain and the BOE ran that ponzi and now it's like "take your medicine, fuckers."

Meanwhile, the larger UK gets a nice dose of QE and the City gets bailed out.

Mar 23, 2010 12:58 PM

You can carry gold to another country.

May surprise people, but the legal status of various articles does not arbitrate their value.

Or are hookers and coke worthless?

The GD illegalization was to coin that traded in competition with the FRN.  There is no such article now.  And if ownership of bullion were illegal, you will see a sudden resurgence in the popularity of being Mr. T.

But gold won't be "worth" more than its equivalent in oil or land or anything else people want.  It's not special to rob it anymore than it was 1000 years ago.  Jesus, people steal cattle and chickens too, as well as vegetables.  Hell, they may cart off your daughters.

Mar 23, 2010 4:33 PM

Their dual-cits are all with Israel, just like the Russian oligarchs' were, Pre-Putin

Mar 23, 2010 4:34 PM

You guys still think the "growth" is coming back, eh?

LOL..rude awakening coming methinks

Mar 23, 2011 1:17 PM

Cerenkov is a shockwave caused by exceeding c in medium

Mar 23, 2011 1:23 AM

a THIRTY SIX YEAR OLD "timebomb"?

It didn't BLOW UP on its own, a fuckin tsunami cut its power.

I mean, on a long enough timeframe....

What I find amazing is that the crowd of doomer vultures sets in on EVERY disaster as if they could have seen it coming.  The only person prophesying around here was ORI moonbat with his march 20 full moon shit.  That mfer came and went.

Where the fuck were all you people 30 years ago or even last year pointing out this plant's problems?  ZH comments are a veritable triumph of hindsight analysis by people who don't even bother to try to conceal how badly they want an apocalypse.

Mar 23, 2011 1:32 PM

the rule of thumb was 500 rads/5 hrs...which comes to 5 Sv/5hrs as the two directly convert by a factor of 100.  Sievert/Gray converts from rem/rad cgs to kgms units.

Any reading in the whole sieverts/hr is a good rule of thumb to expect death.  Anything at triple digit millisievert or in excess should be fled.

Mar 23, 2011 1:38 PM

the neutrons are being sourced from SFPs due to random criticalities that are known to occur within these structures.  There is a history of neutron flashes when SFRs are mishandled and sometimes they just happen.

Unlikely that these neutrons came from reactor cores or sustained critiicality, otherwise they would not have been sporadic or limited in duration.  Without water in SFPs to absorb the neutrons, they escape.

This is why the focus shifted in the first week toward getting SFPs refilled and showering them with water.

Mar 23, 2011 1:43 PM

spend more time away from ZH...it has become the home of people who not-so-secretly wish for doom.

I noted such a shift on forums such as TF, where it became evident that people there were not actually interested or desirous of a solution or any type of progress.  They really wanted a collapse and to be holding FRNs so that they could become the slumlords and oligarchs of the future.

It wasn't about anything other than their cupidity directed at today's plutocrats.  ZH is increasingly populated with a different kind of would-be vulture, the gold and silver vulture, who hopes for the same outcome, except to use gold to "buy up all the assets," instead of FRNs.

Anyone who approaches our collective situation with some other outlook or interest will be junked.

Mar 23, 2011 1:54 PM

amazing those workers in the 2nd video and the cameraman weren't killed instantly. 

After all, I've heard from many people on ZH that the reactors exploded in a nuclear explosion and there are pieces of the cores all over the parking lot.

Mar 23, 2011 11:19 PM

i won't read this thread again once it goes below the fold; if you want to discuss further, gimme some sort of off-site contact

Mar 23, 2011 11:26 PM

hit me up off-site or something...do we have PMs here?

Africa had domesticable animals.

Mesoamerica did not.  Yet the Mayans achieved parity with early Egypt.  All of this ancient Egypt stuff was pre-horse anyway.  Pack animals weren't a huge feature for agro until later on.

Middle Europe with its strong E/W axis was not advanced until far after China, with lack of pack animals, strong N/S axis, etc., was the middle kingdom.  Sure, there were Greece and Rome and Persia; these hardly buttress Diamond's claims.

The thesis just falls apart on so many levels.  I submit that inherent IQ differences explain the disparities and my explanation is far simpler.

Mar 23, 2011 11:29 PM

Ok, bitchez...STOP PANICKING.

Listen up.

You ALL believe in impending DOOM apocalypse, right around the corner, right?

The radiation won't kill you for 40 years, even if the worst-case happens and some Pu blows over here.

You'll be long-dead from the zombies, starvation, pollution, black lung, lack of medicine, and ALL the other trappings of the apocalypse LONG before then.

So STFU, have a beer, and change out your tampon. sheeit

Mar 23, 2011 11:36 PM

Kuckoo needs to STFU.

They can't bury the reactors now and the problem here is NOT the same as was at chernobyl

Mar 23, 2011 11:38 PM

hardly...but when you say "peak oil," people with shit tsunami brains think you mean apocalypse because they browsed LATOC or something

Mar 23, 2011 11:41 PM

I don't like it that they are the only group that seems to loot and that they don't appear capable of abiding by civilized standards of behavior, either.

I wish your fantasy world was real...but it ain't.

Mar 23, 2011 11:48 PM

ALL LIES and misinformation and spin!!!!

It must be!!!!

Any non-apocalyptic news is ALL LIES.  The absence of news is ALL LIES.

Water just can't cool reactors!  Nuclear explosion, MOX, Plutonium, uninhabitable wasteland!!!!!!!!11

Mar 23, 2011 12:02 AM

Just stop...it's the end of the world, ok?????

nobody wants to hear sanity or, god forbid, good news.

I see firemen at the base of a reactor building, they're not dead.  They stood up a big pump crane thing which is hosing shit down...

I assume these people were supposed to have been immediately vaporized.  Because fuel rods are all over the parking lot.  And the end is coming and it's all lies and spin.

Mar 23, 2011 12:05 AM

How the hell did they get those crane hoses up?  I thought radiation was so high it would vaporize any human nearby?

Yet there are photos of actual live people standing down there at the base of the reactor building.

Look...the news flow is not worsening and is actually looking to improve. 

I am hoping that this marks a low-water point for this catastrophe.  I know that this will OFFEND THE SHIT OUT OF THE ZH COMMUNITY, who wants nothing other than the end of the world, pain, misery, and death.  In, short, fuck you.

Mar 23, 2011 2:17 AM

amazing that people are able to survive a minute in that lot then.

Maybe they're photoshopped in

Mar 23, 2011 2:20 AM

The engineers will just "think up something" to keep them on.

And they will think up something to replace oil the MINUTE we need it.  that's how engineers work...fuckin by MAGIC

Mar 23, 2011 2:26 AM

don't start cleaning the chum outta the water...the sharks want to frenzy

Mar 23, 2011 2:28 AM

happened before, will happen again...not a new development.  They had 800mSv readings back on some of the earlier days

Mar 23, 2011 2:34 AM

wtf were they supposed to do, shut it down?

Turn off gigawatts?  And have rolling blackouts?  The gov't would have been embarrassed.

Mar 23, 2011 2:47 PM

GGS was crap.  Subsequent archeological evidence refuted a lot of one of his central theses.

Diamond cherry picked particular sets of facts to try to get around a simpler conclusion- genetics.

Mar 23, 2011 2:47 PM

you've already got people far worse sitting right on top of political power

Mar 23, 2011 2:51 PM

they like our oppressive refrigeration and electric power though...like the rest of the world

Mar 23, 2011 4:31 PM

Somalia has lots of freedom, wtf are you talking about?  there's no law there other than what people organize.

As for the rest of this shit, we were more advanced in the USA than Somalia is now, long before we had this leviathan government.

These "anarchists," are, however, idiots. 

Mar 23, 2011 4:33 PM

wtf...tmosely is an idiot

Mar 23, 2011 4:34 PM

Your hate has made you powerful

Mar 23, 2011 4:51 PM

One of GGS's central theses was that lesser agricultural species were present in Africa compared to Europe.  Let's leave out competing cultures which tended to be more advanced, such as China (we will confront the absurd E-W axis theory for agriculture later if necessary).

My retort was that this is simply not how agriculture works.  In reality, people settle in fertile lands and they carry whatever foodstuffs they have with them.  It is irrelevant what indigenous grains or edible plants exist in a region, as migrants will bring what they know how to grow with them and may even regard edible foodstuffs as poison (see "tomato").  Diamond's assertion was that the relative grain bounty of europe was somehow responsible for decidedly late-stage development amongst Europeans and this thesis doesn't even stand up to passable scrutiny.

Subsequent evidence, some of which was presented in Science, showed conclusively foodstuffs migration with population.  In fact, in India for one, the grains and agricultural products migrated literally 1000 miles up the coast and westward from the southern portion of the subcontinent.  Along the way, these grains were deployed in fertile areas.

The notion that Africa and MesoAmerica were technologically inferior as a result of native grains (a factor perhaps 20,000 years ago, prior to the advent of agriculture [which Africans HAD at least 10k BCE]) is utterly and patently absurd at least when comparing the duration of human agriculture versus EITHER guns OR steel.

Nevermind the superiority of Toledo Steel from Ghana or any number of other holes I can poke straight through GGS.

Diamond is a jew apologist for african lack of achievement.  He is neither the first nor the last of his kind, but perhaps the best-worded.  Unwittingly, he made a claim on his PBS series about GGS which in essence stated that Africans had evolved away from civilization.  I'm not sure he understood the implications of what he said, because he was in effect apologizing for relative lack of W. African cities and civilizations by making excuses.  When I heard the statement and took the second it takes me to think through things such as this I went holy shit he just said Africans lack civilization as a result of evolutionary behavior.  I concur with this premise.

If we want to address the East/West axis theory, I can simply say China and Central and South America versus Europe and N. America...do a comparison of civilizations in these regions of genetic peers versus latitude or of nonpeers across different continents and just take a short look at the geographic orientation as compared to the height of civilization therein.  To be short, there were more advanced civilizations on islands and in strong N/S axis regions than the opposite.

Mar 23, 2011 4:53 PM

concur...but you cannot actually believe Beck is a demagogue?  I have watched his show a few times and he simply seems like a well-meaning idiot to me.

He lacks the scienter of the MSNBC crew or Cannity or O'Reilly

Mar 23, 2011 6:50 PM

STFU.

ALL of the natural disasters that DON'T make the heavy news, you see EXACTLY that.  People HERE rally together.

Dont fucking define the US by what BLACKS did in Katrina.

Mar 23, 2011 6:56 PM

BLACKS LOOT, ok?

Figure it the fuck out already.  Stop denying the obvious and inarguable because you feel guilty.

America is NOT defined by its black population, which is responsible for over half its violent crime, the majority of prisoners, majority of school dropouts, etc...all from a mere 12% of the population.

Mar 23, 2011 6:58 PM

yeah...it's almost as the ones controlling the message don't like white people...

Mar 23, 2011 7:02 PM

culture is created by people...I hope that you meant to say "biological" differences, in which case you would be correct.

Black babies adopted by white families have crime rates indicative of their parents', and diverge markedly from their adopted families'.  In addition, their IQ correlates far more strongly with biology than where they are raised.  This is true across all income spectra.  And the asian babies tend to outperform the white siblings in families they are adopted into.

Upper-middle black kids score about as well as dirtpoor whites.

It has everything to do with breed.  Most behavior is evolutionary in nature.

Mar 23, 2011 7:08 PM

OMFG, just kill yourself now.

ALL of you fucking Eeyore apocalyptics, just DIE.  DO IT.  Stop nibbling on the barrel, PULL THE TRIGGER

Mar 23, 2011 7:09 PM

no, your posts are insanity.

and this site, on this topic, exists to do nothing but inspire utter fucking hysteria.

I don't know what happened to ZH in the past couple of weeks, but it jumped the shark somewhere.  Are the moonbat guest commentators ghost writing this shit?

Mar 23, 2011 7:12 PM

Am I the only OTHER person who can remember from social studies class about the AIR in London during the onset of the coal-powered industrial revolution??

Do these people fancy that the air in Beijing even during the Olympics was a health hazard because of anything other than coal power?

Coal releases radiation in abundance along with heavy metals.  Hell, even in diesel Europe they are finding abundance of respiratory cancers...these are due to DIESEL CARS.

And here we are hysterical over nuclear because of "meltdown" and "radiation."

For a site whose members fancy themselves critical thinkers, there is nothing but a lot of lemming activity around here.

Mar 23, 2011 7:15 PM

JFC...you and the power of your "imagination."

How about STFU?

Mar 23, 2011 7:18 PM

I agree...I don't know if the "real" Tyler Durden is writing these articles, but if not he needs to get control over whomever is.

This paranoia has been nonstop since the accident; the world was SUPPOSED TO HAVE ENDED already.

the news flow isn't worsening and hasn't for days but the hysteria here continues to new heights.

I realize more than ever that I have very little in common even with the self-proclaimed smart.

Mar 23, 2011 7:20 PM

this whole fucking site is astroturf.

The dude stated FACTS.

Don't have a piss fit if you don't like them.

Mar 23, 2011 7:23 PM

WTF?

Nothing "Durden" has said or any of the smug "regulars" have maintained about this accident has come to pass.  Not a fucking thing.

It's been nonstop insinuation, omission, and yellow journalism, ironically the same thing as the TEPCO and Jap gov't are accused of.

In the absence of facts, they just highlight the negatives and let people who are essentially site astroturfers fill in the apocalypse.

Been a banner couple of weeks for ZH...surely they do this for free, right?

Mar 23, 2011 7:26 PM

you're right...they really should have taken the time to repave all the roads after the tsunami washed a bunch of houses over them.

Mar 23, 2011 7:28 PM

Your brain is like a shit tsunami.

You call him out as a shill...I respond he stated facts, so your SOLE ALTERNATIVE THOUGHT is that I should go fuck Sean Hannity.

You are what we call a "moron."

If ZH is astroturfed, then the ONLY ALTERNATIVE is to go enjoy MSM.

It's like if Obama is an idiot, then I MUST be a Paylin/Muhcane supporter; there are no other options.

Google "false dilemma" after you google "moron."

Mar 23, 2011 7:29 PM

you people come to a "counterculture" website SEEKING AN ECHO CHAMBER.

What the FUCK is wrong with you?

Mar 23, 2011 7:31 PM

the real question is whether you could have packed any MORE logical fallacies into that post than you did.

Mar 23, 2011 7:41 PM

this article is UTTER BULLSHIT.

Chernobyl was an uncontained core involved in ongoing fission AND a graphite fire.

There is NO COMPARISON in any WAY, SHAPE, OR FORM with the level of radionuclide release from Fukushima and that from Chernobyl.

Chernobyl lost ALL of its water at the accident stage.

Mar 23, 2011 7:47 PM

has false dilemma been INSTITUTIONALIZED around here?  GFD, it's everywhere.

1 in 100 people anymore seem to be able to hold more than 2 outcomes in their brain.

It is EITHER the apocalypse or else everything is fine.

Mar 23, 2011 7:53 PM

Yes.  Chernobyl was an ongoing fission reaction combined with a fire.

People who stood and looked at that reactor from 1km away received a lethal dose.  I hear it was quite pretty.

Mar 23, 2011 8:00 PM

I posted what I thought.

The article is bullshit.

There is no way that fukushima is even vaguely comparable at this point to Chernobyl.

And, to be frank, I am tired of the echo chamber and hysteria on this site so I don't read as much.

I mean, wtf are all of you going to say tomorrow?  THE APOCALYPSE IS HERE.  And the next day and the next day, same as yesterday and the day before that.

ZH is feeding you what you want to read.

Mar 23, 2011 8:07 PM

see beyond to WHAT?

NOT A SINGLE ONE OF YOU HAS a SINGLE fucking FACT to state!

NONE.

Yet you have penciled in an apocalypse.

See beyond the facts to what, the inevitability of the end of the fucking world?  I am just tired of this incessant shit.

People here want TSHTF, they want apocalypse, they want the Road, they want canned ham and buried silver.  And the website is FEEDING THEM precisely what they want to hear.

The people who are conversant in the issues at hand, including several who were CAREER workers at NPPs, have repeatedly called bullshit on the apocalysm around here.  But the idiocy of most of the posters is even harder than a BWR containment vessel; it is impervious to EVERYTHING.  People are here to be lemmings, to be fed, to get whipped into a frenzy.

They might as well watch fucking Fox or MSNBC.  I have never in my life seen what is BASELESS conjecture transmogrified into "accepted fact" at a faster rate than on this very site in the past 2 weeks.  And you call the Bernank an alchemist?  He has NOTHING on this forum.

Mar 23, 2011 8:10 PM

2nd sentence is the tell.

Why do you desire panic so much?

WTF is it with you people?  They aren't PANICKING ABOUT THE END OF THE WORLD, ERGO, its MIND CONTROL by "TPTB."

God, you are so transparent...any reaction other than panic is the obvious fault of sinister mind control forces.  Why?  because YOU are panicking because you are hysterical by nature.

What an ego...and I thought mine was big.

Mar 23, 2011 8:15 PM

you're a fool who is being led.

The irony is I don't yet know if CD really realizes what he is doing is the same as what he accuses others of.  He poses "thought experiments" in which the conclusion is directed.  It's all a gigantic logical fallacy dressed up as an experiment.  The outcome is no more uncertain than a WWF wrestling match.

But that notwithstanding, you all lap it up...it may as well be Beck or any of the other heads.

You're here for something and he gives it to you, and it isn't knowledge or wisdom; it's group affirmation.

That is the TRUE meaning of Fight Club...there was no meaning.  It was all a bunch of disaffected outcasts who fell together under a DIFFERENT manner of conformism.  They all dressed the same, they all talked the same, they all acted the same, and they joined the same damned fool crusade wrapped up in the same bullshit as all the rest of them.

Mar 23, 2011 8:20 PM

your conclusion begs the question.

You simply have to realize that you have committed a classic logical fallacy in what you say.

in your second paragraph, you unwittingly give away why you commit the fallacy.  It's in the parentheses.

Why are you so arrogant as to believe your reaction is the justified one?

Mar 23, 2011 8:22 PM

EPIC fail on your part, as you are in no way technically competent to refute even a theory that unicorns did it.

So, you, what, think they SEQUENTIALLY demolished the floors?

The building pancaked as it fell, substantial amounts of mass existed above the failure zones.

You conspiracy junkies absolutely make me laugh...the funniest part is how freethinking you consider yourselves to be when in reality you are just another system of conformance and control.

Mar 24, 2010 12:27 PM

Sigh...why can't people get it?

A default by the USA does *not* make the FRN go up in value.  WTF is the dollar WORTH when the USA declares $50T of them null and void???

A collapse of the Euro does *not* make OTHER fiat paper issued by OTHER insolvent States go up in value.

The collapse of ENERGY supply, which is in progress, does not make paper based upon FUTURE promises to pay MORE energy go up in value.

It makes them go down.

In the deflationary climate we find ourselves in, PROMISES are what lose value.

I don't know how to state it more clearly than this.

If you wish to store your wealth in the paper notes of a bankrupt state, DO SO.

If you wish to store your wealth in the form of a negative interest loan to an insolvent institution (a bank account) then DO SO.

But stop telling me the fucking dollar, a fiat debt note issued by legions of INSOLVENT institutions, is going to be worth MORE because of an idiotic reading of nonsensical bullshit like the QTM.

Mar 24, 2010 12:38 PM

I get *really* sick and tired of idiots who think that the QTM is the be-all and end-all talking shit about "gold bugs."

Look, if gold bugs are expecting to "make money" on the inflation trade, then there are better leveraged vehicles.

The ones I know are stockpiling things of WORTH, because a freakin deflationary tidal wave makes DEFAULT or DEVALUATION on FRNs inevitable.

The debts CANNOT BE SERVICED.  The future WILL NOT SHOW GROWTH necessary to pay the interest on today's debt!

It is a mathematical spiral.

So, what, the FRN is going to go UP in value?  King dollar?  The end of the road on this spiral is fatal collapse of the implicit VALUE of the FRN, which is and always has been a PROMISE TO PAY at some point in the future.  FRNs are NOT wealth, they are fucking CREDIT.

The world is AWASH in FRNs.  At the FIRST SIGN of impending default by the sovereign that backs them, EVERYONE HOLDING will stampede for the exits.  That means into ANYTHING real.

THAT is inflation.

So, the banks are SITTING on reserves because they shouldn't lend; I agree!  There will be no credit-driven inflation - this is NOT the typical business cycle.

If I am right, and energy supply has peaked for the ENTIRE hydrocarbon lifecycle dating back 500 million years, then ANY promise depending upon aggregate growth in energy supply MUST be discounted.  And that is precisely what the FRN IS.

Cash flow matters...real things matter...promises like the FRN *will be discounted*.  Permanent backwardation.

Mar 24, 2010 12:45 PM

Read your 2nd to last sentence again...for the mouthbreathers here, explain what a FRN is if not a paper holding.

FRNs' only purpose is to service debts that you can default on.

At some point in the Prisoner's Dilemma, the Point of Recognition is achieved that attempting to repay in FRNs is futile.  THIS is when the collapse phase of the FRN ensues.

The ONLY demand for FRNs in a deflationary spiral is to REPAY DEBTS.  This causes the liquidations that the fiatbulls expect will drive down the price of oil and gold. 

EVERY SINGLE fiatbull has *announced* their intention to convert 100% into gold oil land chickens bullets at the "trough" of the deflation, right at the zenith of the "priceless" dollar.  They hope to hold onto their FRNs long enough to be the last man standing.

I got REAL bad news for you guys out there...there ain't gonna be nothing worth shit left to buy at that point.  You cannot be the guy in the nightclub fire trying to scavenge digital cameras, cellphones, and people's wallets who are trying to stampede out of a building burning to ashes.  You're either out the door when you see the first smoke, or you are in the stampede.

Shit is right now smoking.  Who gives a fuck about the "price" of gold or oil when you can borrow, convert the FRNs into real things, and then just freaking default?

In fact, the lead fiatbulls like Douchinger say that we can and should just selectively default on USTs owned by China.  So if the USG is going to default on ITS FRN obligations, won't everybody else?

Mar 24, 2010 4:32 PM

Can't see a market crash.

To have one now would go on over the course of the next year and be fatal to the incumbent party, Wall Street, and everybody else. 

If QE ends = spike in rates and funding crisis, then QE won't end.

Look, we were dead and on our way out in late 08-09, and QE revived the corpse.  The economy, no, but the balance sheet imaginary stuff, yes.  Emphatically, yes.  These guys can't see real economics, they only understand balance sheet BS.

Mar 24, 2010 5:08 PM

Sure you can.  Japan's been doing it for over 20 years.

This stuff is just accounting entries.

It ain't gonna fix the economy but it will balance the sheets.

Mar 24, 2010 5:09 PM

QE is the even lesser of the 3 evils.

They're going back to the well, like it or not.

There's room to print with the DXY at 82 and the Euro crashing.

Mar 24, 2010 9:10 PM

The moves of the DXY should not be considered probative of risk aversion.

They're merely reflecting FX trends.

The USD is not a risk aversion trade.

Mar 24, 2010 9:12 PM

The USD should *NEVER* be confused with a freaking "investment."  LOL

"Investing" in a currency?!?!?!

Mar 24, 2011 1:21 AM

Watch Hud.

Mar 24, 2011 10:48 PM

no, I pretty clearly said this was more severe than TMI like a week ago, douchebag, but thanks for playing.

Mar 24, 2011 11:30 AM

uh, yes it is.  Bombing a sovereign nation is considered an Act of War under any interpretation of the phrase.

Mar 24, 2011 11:44 AM

there is something really rather unseemly about committing armed forces to war without a national address and from the golf course.  I can't imagine previous Presidents having done such a thing as if it is a trifling matter.  Nevermind not seeking any type of Congressional approval.  Even Congress is pissed over this, though they have utterly abrogated their war power authority anyhow.  Even so, not even asking them for a vote is a slap in the face.  Pretending that some letter from the SoH constitutes Authorization is utterly asinine.

And don't tell me we're not in a war; one of our planes went down and our pilots had to be rescued.  Neither the French or British were flying F15s.

Mar 24, 2011 11:51 AM

you datin anyone, shawty?  Holla at yer boy

Mar 24, 2011 11:57 AM

fuck Dinsey..take them camping or something like that.

Who wants to hang out around a bunch of fat people who ALL dress the same, act the same, talk the same, and think the same?

Mar 24, 2011 12:41 AM

loved the cosby show...fantasy programming is great if you just suspend your disbelief far enough

Mar 24, 2011 12:46 AM

why are you so antisemitic?

Mar 24, 2011 12:48 AM

I've watched live when they said what they said and at NO point did anyone say everything was fine.  Ever.

Then you see on ZH where they post the facts and add the sarcastic "but I'm sure everything is just fine," and the zheeple just start hysterificating.  Nobody ever said anything was fine or under control.

The headlines here are leading and the authors know the readership have binary brains that slosh uncontrollably.

Mar 24, 2011 12:52 AM

nothing.

Nevermind that what you state is an impossibility.  Even if you levitated that molten blob surrounded by hydrogen, you are nowhere near the implosive force necessary to trigger a Pu chain reaction.

Nevermind all the other components of a Bomb, including neutron injectors, tritium, and the rest of it

Mar 24, 2011 12:56 AM

Sigh...do you think through your theses before spouting off?

For what you say to be true, that #3 containment blew apart, you DO understand that any worker walking anywhere NEAR that building would be killed nearly instantly by the amount of radiation from core components, right?

Yet you claim the shit is all over the parking lot; there are people walking there on camera.  Therefore, it is IMPOSSIBLE for the severity to be what you claim.

Mar 24, 2011 3:27 PM

you have to buy this dip...too predictable.

Gold/silver set highs, margins hiked, short plunge and then back at it again next week.

so CME chases out some of the latest hands by forcing them to sell today

Mar 24, 2011 3:41 PM

a peak is when production peaks.  That's it.

if silver production peaks then starts to decline, we have "hit peak."

The production ratios versus crust ratios suggest that gold is in production decline, although the 2009 production figures seemed quite robust.

Mar 24, 2011 3:56 PM

I have MUCH more gold chains than that guy LOL

Mar 24, 2011 4:00 PM

Dresden was nothing compared to Leningrad or Stalingrad.

Mar 24, 2011 4:05 PM

TO THA MOON BITCHEZ

Mar 24, 2011 4:11 PM

the collapse is not coming.

You read about Rome, right?  It collapsed.  How long did it take to happen versus how long to read about?

Mar 24, 2011 4:30 PM

you wanna do a straw purchase for me?

Mar 24, 2011 5:02 PM

?  The UN didn't "vote" for it...France wanted it and the US and UK went along and because we have Arab League approval to knock KDaf off the russians and chinese abstained.

I'm fully aware of why congress doesn't exercise its Constitutional obligation WRT war powers.  I just mark this engagement as a new low in the situation.  To commit any kind of armed forces to a conflict without even consulting the branch empowered to declare these things, plus with no national address, and essentially from a fucking golf course...wtf is that about?

Busch was a miserable President but at least he appeared to take SOMETHING seriously. 

Mar 24, 2011 5:03 PM

WTF...NO was ethnically cleansed?  By what, a hurricane???

BTW, at what point will blacks actually be responsible for the acts they commit, instead of it being everybody else's fault?

Everywhere NO refugees went, crime spiked hard...it is not the fault of ANYONE who doesn't want to be around these people or who flees them.

You wanna live in a black country or black city, have at it.  Detroit is calling you, as is Sierra Leone.

Mar 25, 2010 1:05 PM

Yeah, um...tax receipts are collapsing still.

So, unclear as to how the gov funds itself without the income to do so.  The debt is still exponentiating.

Mar 25, 2010 1:07 PM

It was Bill Clitton...should have wiped his ass on the guy's shirt.

Mar 25, 2010 10:24 AM

It's not about how long it will "last," it is about how long production can grow.

Peak is not the same as Empty.

Oil will last forever.  But we will not be able to get it out of the ground at increasing rates.  Given that our entire model of civilization depends upon continuously *increasing* rates of energy input, it is doomed when energy inputs cannot be increased.  This is the simplest explanation of the peak phenomenon.

If you take an ecosystems look at it, think about deer on an island.  The island produces food for them at whatever rate the plants grow.  At the point in which desired consumption rate of the growing population meets the peak rate at which food can be supplied by the ecosystem, you transition abruptly from a climate of growth to a climate of increasing scarcity and competition for apparently diminishing output.

Mar 25, 2010 10:29 AM

Deflationists need to explain the price of gasoline.

All I hear from Douchinger and others is that the printing has been totally swamped by credit deflation, yet a bag of Doritos is now $3.67, and a gallon of gasoline for my 91 octane car exceeds $3.

Despite a DXY bounce to over 82, gold still stands at support in the 1090s.  The most relevant commodities are not *anticipating* a deflation-driven price collapse.

Mar 25, 2010 3:08 PM

They either start buying again or this shit is gonna blow up.

Better hope that the 401k has a "cash" option bc there won't be anywhere to hide

Mar 25, 2010 5:02 PM

I go round and round with this w/ ppl

There is also the phenomenon of apparent conspiracy through concert of action of likeminded actors.

That's what we see here.  It's why there appear to be conspiracies everywhere.

We've got a clan of people who all know each other, think the same way, empower each other's children, are part of the same clubs and organizations.

How should we expect a group of them to not drive towards a common goal.  There is no smoky room that has made the types of concentrations of the same kind of people for example in all the hollywood or financial elite spheres; it's as simple as they help each other out, they think alike, they have the same narrative history, they form an interlocking directorate, they teach their kids the same stuff and give each other's kids jobs.  How should we expect other than for their efforts to appear to be in conspiracy?

Mar 25, 2010 5:04 PM

Yeah, that might be a moment where a lot of people consider starting to shoot people.

I keep wondering when we see the first example of that.

Argentina, recall, seized public pensions first.  If that happens, you've got a lot of self-entitled police, fire, teachers out there who are expected to toe the line.  I wouldn't expect anybody to be able to get to the Executive, but there are a lot of lower-hanging apples in the government.

Mar 25, 2010 5:13 PM

There was a nutted out ex-marine who went apeshit on onetime a year or so ago, with the requisite Chinese AK.  He killed a couple of them and showed no fear.

The military is going to be trying to reintegrate a TON of people like this who have combat experience.  Not too much before this is an insurgency of its own.

You take a look at other collapsed societies - look at Mexico now.  Who is in control down there?  The government has control of the Federal Capital and that's it.  Who controls Afghanistan?  Even with the weight of our armed forces, specops, Predators, and round-the-clock combat air patrols, do we in any way "control" that country?  We had to PAY the warlords to establish control in Iraq and this only succeeded after they ethnically cleansed all their neighborhoods.  Sure, the police/military are great at controlling unrest in one city after awhile, a G20 summit, the WTO meetings, the Capitol Steps.  They can protect a Menem or De la Rua while his helicopter departs.  But, the entire country?  Not a chance in hell.

The future in the world a lot of people are seeing here...the "police state" has a limited radius.  You're facing a likelihood of local warlordish control of things.  There's not enough troops or will or money in the apocalypse outcome to maintain "order" or the police state in every city.

And all this SWAT bullshit runs on a ton of money.  If the police start shaking down the citizenry, they're going to end up shot.  That's what happens when "the law" stops obeying it.

It doesn't take much for guerilla insurgencies to divorce police from effective control of very large regions.  In Brazil, pretty routinely, police cars get opened up on by gangsters with automatic weapons; the druggers in Mexico have anti tank rockets.

Remember, there are a lot less of the police and swatzis than there are people out there and they all have their own families.

Mar 25, 2010 5:14 PM

I have looked at Norway and Brazil.  My take on the future is that all revolves around energy production and these are two net exporters.  Each has its own advantages and disadvantages, significant ones.

Mar 25, 2011 10:03 AM

maybe in 150 years, those empty cities will be filled up with all the cancer patients from china's toxic air and water.  That's some SERIOUS forward thinking there.

Mar 25, 2011 3:50 PM

and vanderbilt was "too white" to make the 16, according to racist sportswriters.

Duke was champion last year with white boys, surely must have been raycism

Mar 25, 2011 4:11 PM

I hereby vote no confidence in our government either

Mar 25, 2011 5:18 PM

Cs137 and Sr90 more likely.  Those have long enough half-lives to be problematic but their regs would require a hosedown even for i-131

Mar 25, 2011 5:20 PM

horseshit.

Most of the material is not used up in an A-bomb.  Do not speak if you are this ignorant.

Mar 25, 2011 5:24 PM

I didn't know they had a Cerium contamination problem.

Look, if you can't even get the element right, you have no business even having an opinion on this.

Nevermind your mistakes about the sievert ranges

Mar 25, 2011 5:31 PM

an excursion is when core materials get out of the core.

Chernobyl was inarguably not a nuclear explosion.  It was a steam explosion caused by the positive void coefficient of the RBMK design leading to massive steam pressure concomitant to rapid overheating of the core.  Essentially, it blew like old steam locomotives used to.  Same phenomena in play.

However, the excursion of parts of the core did not cease the fission reaction because of the positive void coefficient of the reactor.  So long as sufficient graphite moderation was present, the fission was sustained.  However, this is far different from a nuclear explosion as reactors are designed to sustain fission. 

Mar 25, 2011 5:33 PM

Xe isotopes are a natural byproduct of fission.

Chernobyl's excursion was caused by a number of things, none of which was an A-bomb style event.

Mar 25, 2011 5:38 PM

thank god someone gets it.

The fuel type of the RBMK also was not conducive to a nuclear explosion as the sole PURPOSE of the RBMK was to permit fission of U238 and other very LEU blends, expanding the effective scale of fuel reserves.

Mar 25, 2011 5:44 PM

I've seen no report on any looting in Japan.

all you have is your bullshit as usual.

There were a very few whites in NO who looted, sure.  As I'm sure there maybe was one or 2 japs who did too. 

Compare that to the other groups.  Go ahead.  Take a look at the famous NO Walmart looting video.

You people are sofa king stupid.

Mar 25, 2011 5:54 PM

debate?  You offered no evidence whatsoever to support your asinine opinion.

Mar 25, 2011 5:56 PM

The site motto needs to be changed to "never waste an opportunity to hysterically panic."

i mean, FIGHT club?

The people here are too scared of their own shadows to ever be in a fight.  They'd run the fuck away bleating at the first bruise.

Mar 25, 2011 5:59 PM

Pu on a carrier?

And you have WHAT EXACTLY as evidence to support this claim?

This is a "ZHfact," not be confused with a real fact.

If some moonbat says "they probably have Pu on the deck," then the other hysterics accept this as assumed to be correct in the absence of ANY evidence supporting it.

Mar 25, 2011 9:07 PM

You "believe"?  How in the fuck exactly do you believe this?  I ask you so bluntly because it isn't even remotely close to true.  It's so absurdly false as to be laughable.

Do you even vaguely understand the precision of the explosives that are necessary to achieve an implosion-style supercritical event?

Mar 25, 2011 9:15 PM

I told them what to do.  Then within 2 days, everyone from douchinger to NHK was aping me.

I will also tell YOU what to do:  STFU

Mar 25, 2011 9:38 AM

too bad you didn't time travel back to 1960 when this thing was built and construct that.  Therefore, I blame you

Mar 25, 2011 9:42 AM

It can be from condensation of steam release or just plain water they pumped in having come back out.

If they have no circulation, water is going to come back out in some form.

The core contains LESS nuclear materials than the SFPs...by far.  IOW, all 4 cores could melt down and it would still not pose the level of environmental threat that the SFPs do.

Mar 25, 2011 9:43 AM

and if the fact that they disclosed that two workers stepped in radioactive water possibly from core breach isn't proof they are trying to "suppress" things, then what is?

Mar 26, 2010 10:09 AM

I love TA against oil...it's a commodity that has recently entered permanent supply decline, yet we expect its price action to abide by bs fiat paper metrics

Mar 26, 2010 10:21 AM

Yeah, lemme hide out in the sovereign issues of bankrupt states...FANTASTIC IDEA.

I mean, it's not as if the recent auctions have been weak and bond funds haven't been falling too, right?

Mar 26, 2010 10:25 AM

"When" recovery sets in?

Is this guy fkin clueless?  Oh yeah, like I've been saying, the economists think interest rate regimes "cause" economic activity.

They fail to understand that their product is SUBJECT to supply and demand, rather than some kind of axiomatic lever to pull that creates it.

They can't make Cantarell pump more oil this year than last...and they can't lend to those unwilling to borrow, and they can't lend at 5% if the aggregate economicalness of the rate zone is 3%.

Their solution will be to take rates more negative.

If the USG can't roll paper, do you think they will listen to the CB saying "well, that's your problem"?

Mar 26, 2010 10:27 AM

blablabla...nothing new to see here.

Mar 26, 2010 10:55 AM

Etienne de la Boite, dude.

 

Mar 26, 2010 11:03 AM

The GSE debt is not of value $0.

Mar 26, 2010 11:06 AM

Really?  When was that collapse?

Mar 26, 2010 11:15 AM

The economy is like a public skating rink.  You have a mixture of former competitive figure skaters and people who are on the ice for the first time ever, kids, old women, etc.

Those who cannot let the self-interest of the skaters on the rink have primacy are the ones who worry, OMG without CONTROL, there could be accidents.  Someone might get hurt.  But, actually, they rarely do.  Occasionally, there are collisions, but the self-interest of each person plus their concern for the welfare of others makes self-inflicted harm the most common (people fall down on their own).

Think about the control that would be necessary to be imposed...you would have to slow and segregate and reduce the numbers of skaters to ensure "harmonious" controlled activity instead of letting the emergent phenomenon of order within chaos manifest itself.  The whole point of the endeavor then collapses.  The skaters desert the rink; that is our economy under central planning.  A controlled economy *always* has problems requiring more control.  Eventually, the system becomes unstable.  Stability can then only be achieved via a reduction in activity.  The notion of exerting control over an increasing number of chaotic components is asinine...yet that is the trend among these morons.  It becomes the Madonna of the Future

Nobody teaches fish how to school.  There is no overlord.

Mar 26, 2010 11:18 AM

Rates follow the economicalness of a business region.

They're higher in developing economies because they can be - those are more profitable.

You cannot lend at 5% to someone who can only eke out a 4% RoR.

The reason leverage is so huge here is because unleveraged activities are no longer of sufficient profitability.  That is the sign of an exhausted economy.

Mar 26, 2010 12:40 PM

China's geopolitical agitation is very clumsy and inherently destabilizing.

They are the main nuclear proliferator in the world - all proliferation roads trace back to them.

Look at the States they prop up, Pakistan and North Korea, intended as counterweights against India and ROK/Japan, respectively.

But the consequences of their proxy states' behavior are frighteningly bad.  I mean, they invite virtual armageddon

Mar 26, 2010 3:23 PM

Well, it's about as long as needed to depose the leadership.

They don't care about the country, only themselves.  If we engaged in Romanesque wars of conquest, we could fund on what we looted.

Hell, there was a significant petrodollar component to the removal of Hussein.  Everyone there knows that.

Mar 26, 2010 3:25 PM

It's protection FROM the US military.

That's how a protection racket works.  They have no other real enemies.  Iran is not going to be invading KSA irrespective of their national rivalry.

In fact, nobody is.  We deposed the only dictator in the region that had any kind of significant armor capacity.  The other major nations already host our bases or are under massive sanctions.

Mar 26, 2010 3:33 PM

Don't worry, guys, the Fed stands ready to print cash to give to the bullion banks for assisting in any price suppression, if that's what's occurring.

JPM doesn't give two shits about the POG or silver except that it's necessary to help the Fed out.

They'll fill the shorts with GLD shares or else do what the LME did to the nickel longs...force them to lease it for cover and take cash settlement.

Mar 26, 2010 3:34 PM

use CNI

Mar 26, 2010 4:28 PM

If these guys think that the debt bondage the public has been sold into is going to sit well, look at Iceland.

I mean, jfc, has anybody thought through the pain of actually paying all this sovereign debt back to bankers that never ACTUALLY had the money in the first place plus interest is going to cause?

At the same time, cut public sector spending to the bone, eliminate socialist entitlements that were paid into for a lifetime, and the people will just eat it and smile?

Fuck that...default will come.  I mean, we are talking Irish Famine level taxes needed here.

The Fed created the money to lend out, and it's due back with interest - fuck that.  Less spending, more taxes...people are not going to live being crushed like that

Mar 26, 2010 4:47 PM

Argentina, Iceland model:

Load the nation or its banks up with debt via your cronies and proxies.  Force them into default.  Get them to sell you the national assets and pay rent.  Repeat.

This is the British Imperial Model run by the BOE.  It's the same scam that all banksters have been running for centuries.  Only now, it's like you're liable to the smith for a note and he never had the money in the first place.

It's not because of fractional lending that the banker clan is hated, it's because of that plus running defaults and ending up owning all the collateral.  What a COMPLETE scam.  Lend money you don't have and end up with real property.

Mar 26, 2010 7:09 PM

Demand???

WTF about supply??

You guys' logic on this is so pre-peak

Mar 26, 2011 1:03 PM

good thing that nobody is going to be exposed to that continuously for a week then huh?

Mar 26, 2011 1:05 PM

SO?

The issue was radiation levels in a fuckin busted nuclear plant.  Not whether this is something desirable for the public at large.

2 mSv won't kill anybody within any reasonable worker timeframe.

People like you come in and say shit like "TEN THOUSAND TIMES NORMAL"  OMGWTF.  As if that is some level that is going to fry people in an instant.  A number like that without CONTEXT is useless.

Mar 26, 2011 1:08 PM

JFC you are too stupid to READ?

WHERE did I say everything was FINE????

Your statement about everyone dying in 3 months is materially false, but I won't even bother with it.

Mar 26, 2011 1:14 PM

I'm always amazed at the mental contortions your type goes through in order to deny fairly obvious reality and to bunker down in the "conventional wisdom," which is anything but wise.

You have an entire belief system orthodoxy that you subscribe to and you defend it to the death. 

Mar 26, 2011 1:24 PM

just shut up, please.

"Everyone" is dead ten times over?  Wow.

If this reactor continues at its present rate of materials discharge, large portions of Japan will have to live with 2x ambient radiation levels for years.

That means NOBODY DIES.  Do you get that?  Hysterical crackpots like you will surely be calling TSHTFTEOTWAWKI, but your insane proclamations are at most laughable.

This may stun you but there are many populated areas with 2x average background radiation.  Hell there are areas with 10x and even higher.

Got a question for you- do you wake up everyday with the specific goal of making a fool out of yourself or does it just sorta "happen"?

Mar 26, 2011 1:34 PM

have to interject a correction:  a sievert is 100 rem (roentgen equivalent man).  Consequently 50 millirems is 500 microsieverts.

500 rem/5 hrs=5 Sv/5hrs.

Basically doses in the 100s of rems get fatal quick and whole number sievert doses are the same.

At 10-100 mSv, worry a ton, start packing to GTFO.  100+ mSv, flee as quickly as possible.  At 1+ Sv, start praying.

Mar 26, 2011 1:39 AM

your post is a classic example of normalcy bias.

You ASSUME that scientists will be able to duplicate past feats.  Past performance does not guarantee future results, does it?

Suppose that science does NOT provide a ready alternative for oil...then what?

Or suppose it DOES, but this leap does not take place on the timeframe that you'd like it to?  Suppose oil peaks and the unicorns don't get bred until 30 years later?

Whale oil wasn't a lynchpin to every aspect of global economics...it wasn't used to grow food.  It had a niche application for lighting and there were ready alternatives to it.

So, we not only need a new growable power source, but a replacement for the base of our entire petrochemical industry, including for fertilizer.  To synthesize this chemical base will require astoundingly more power than we presently are capable of generating by any known means.

This simply was not true 150 years ago when you talk the nonsense about whale oil.  If whale oil disappeared, life went on without much difference.  If mineral oil disappeared, all hell would break loose, and literally most of the world population would die.

Peak oil has nothing whatsoever to do with Malthus; Hubbert merely described the natural behavior of oil well production.  It is cornucopians like you who idiotically pretend that there is no problem.  The distance between Rome's exhaustion of wood and the advent of coal was well over 1000 years.

Easter Island never came back either.  Rock oil was KNOWN long before it became the foundation of industrial society.  It was a matter of production.  What do we have now that is an analog?

Mar 26, 2011 1:44 AM

10,000 times background...you realize that is only like 2mSv/hr, right?

To be honest with you, I think your post is utterly devoid of facts and is instead full of total conjecture.

I don't how many times you mfers can blabber about the end of the world and be wrong- you did it ALL last week.  The world was supposed to be over by now, Tokyo abandoned, Japan blanketed in fallout.

Mar 26, 2011 1:45 AM

And ya know what?  At no point can I EVER recall their having said it WAS under control.

At all times you people just ASSUMED they were saying that.

In fact, the PM comes right out and says the truth and you shit all over them for that.  You'll be back tomorrow claiming they do nothing but lie and spin when in fact he just told you the unvarnished truth of the matter!

Mar 26, 2011 1:45 PM

No potable water in Tokyo?

What, because becquerel readings exceeding gov't recommendations for INFANTS for a day?

OK, so you are RIGHT HERE, RIGHT NOW, predicting that EVERYBODY in Tokyo is "dead or evacuated" within a week, "tops."

I'm going to hold you to that.  How about this...I predict that everybody in Tokyo will NOT be dead or evacuated within a week. We can make it a week as of the timestamp on MY post or on yours, take your pick.  It is 1344 EDT as of right now.  So, if on Apr 2, 2011, 1344 EDT "tops," if you are correct, I will leave ZH forever.  If I am correct, YOU leave ZH forever.  Deal?

I won't even address your patently false claim that 2mSv/hr kills "everybody" within 3 months. 

Mar 26, 2011 1:49 AM

no, it's because the world is fucked up.  There is only a cry for help for black people.

We don't get shit for hurricane, mudslide, and flood sufferers in honduras, never for anyone in the midwest, never for the Japs or chinks or iranians or turks.  Nobody.

Always only for blacks.

Mar 26, 2011 1:49 AM

ok some workers got zapped in a turbine building.

But, JFC, at LEAST they are finally now able to even GO INTO these structures.

But the presence of humans who were not instantly killed as all the chicken littles claimed they would be is NEVER to be construed as good news for anyone here.

You idiots said Japan would be uninhabitable by now.

Mar 26, 2011 1:49 PM

sigh...you are apparently so stupid that you can't even reason through cognito ergo sum.

You can "prove" nothing, MORON.  Well, I guess you can prove again and again how stupid you are, but Descartes simply couldn't have possibly anticipated someone so dumb.  It would have boggled his mind too.

Mar 26, 2011 1:52 PM

really?

So, you are just here to accuse people who disagree with idiotic opinions of being "industry shills" or people with "agendas"?

WTF happened to truth?  You want to talk to each other about things that interest you...cool.  It's apparent that you don't think your little talks should have any basis in fact.  It's fine to just half-assedly throw around wild conjecture and circle jerk each other?

You're not talking with each other; you are stating opinions out loud, to me, to each other, to anyone reading. 

there was no rage in that post; I was simply stating a fact.  People are no longer accustomed to the bluntness of fact.  If you watch many old B&W movies you can see this.  Our entire culture has made a national passtime out of lying to ourselves and others.

Mar 26, 2011 10:53 PM

reality doesn't care about economics, you freaking moron.  Physics is physics.

Mar 26, 2011 11:02 PM

GFD you are stupid.

Are you aware that forensic pathologists can identify race from a skeleton?  No you sure aren't.

Skin color is a minor, superficial aspect.

People like you always try to muddy shit with this genetic diversity crap among races versus between.  Well, the same is true amongst humans versus chimps; that makes you a fucking chimp.

All humans are the same, LOL.  What can be done with an idiot such as you? 

Not my fault whites don't loot, man...or asians.  You like blacks so much, go live with them.  Get out of your whitopia and go...

Mar 26, 2011 11:07 PM

I wonder if you're capable of chewing gum and walking at the same time...six great pyramids?  WTF...you just continually pull shit out of your ass, get shown up, then keep going as if it never happened.

tens of thousands...jeezus; how many have died so far?  the deaths so far were from the explosions.

Carry on, idiot.

Mar 26, 2011 11:08 PM

huh?  I'm not angry; I was just stating a fact.  I mean, GFD, my avatar is smiling!

Mar 26, 2011 11:11 PM

I don't have time to recite the facts to idiots such as tmosely and bob_dabolina.

I did the facts thing; didn't work.  The people were given the facts and keep coming back saying the same stupid shit over and over again...wtf would you have me do?

Instead of criticizing, why don't YOU take it upon yourself to learn some facts so you can carry the torch?

Mar 26, 2011 11:19 PM

Fuck you mosely...you don't own this fucking website, you fucking punk ass cocksucking uncle tom bitch.

The clock is ticking.  you have 6.5 days for EVERYBODY in Tokyo to be dead or evacuated.

Mar 26, 2011 12:14 PM

you are just amazingly stupid

Mar 26, 2011 12:16 PM

I've got no evidence your brain exists either.

I thought you said physics, not METAphysics

Mar 26, 2011 12:26 PM

what's wrong with it?  It's not going to generate the crop yields of petrochem.  That's all.

i've got no problem with it but some of the billons who have to go just might.

Mar 26, 2011 12:28 PM

Easter island was a result of overconsumption, Cliff.

As far as the rest of it, just say unicorns...bc that's what most of your pie in the sky stuff may as well be.

NONE of that is going to be available as a bridge technology anytime soon.

Space fucking elevator ROTFL

Mar 26, 2011 12:31 PM

there's absolutely no rule that energy prices from alt.energy will go down, at least not from an EROI perspective, which is all that matters

Mar 26, 2011 12:37 PM

.6 is 3x the average rate on the planet.

In fact there are places people live where there is substantially more radiation than this.  Entire cities in fact.  Anything at high altitude.

Mar 26, 2011 12:40 PM

wait a minute, you actually didn't know that there were average cranial size and brain weight differences between the races, did you?

LOL.  A true case in point of the illegitimacy of "conventional wisdom."  This may shock you, but much of what you've come to accept as fact by virtue of mass subscription simply isn't true.

You ARE an authority on idiocy...its high priest if you will.  The best you can do is claim I said "no big deal," and hope that nobody notices that you're lying.

Mar 26, 2011 2:00 AM

you have been one of the most prolific commentors on this topic of anybody.

And yet you are among the LEAST knowledgeable about any of the issues involved.

Go figure.

Why don't you shut the fuck up until you have some facts?  For example, how in the hell do you estimate that the odds of the core reaching the "water table" are probable, which I would assume is substantially higher than 50/50?

Please, those of us with some knowledge of this shit are ALL EARS; we would LOVE to hear this.

Mar 26, 2011 2:00 PM

eh...the reactor core melted and water has been discharged from it.  It could come from the SFPs via fire or even steam, but it could also have come out of the reactor vessel through discharge tubes or even steam as well.

Mar 26, 2011 2:09 AM

Nah...Trojan was part of repeated referenda which failed to shut the plant down.  I know because I voted no on the first one as a resident at that time of the State.  Trojan was subsequently decom'd by the utility because their review of plant systems showed very high levels of corrosion in steam tubes which had caused leaks.

The environuts in Oregone are well-known; they fucking hate power generation facilities of all types but GOD FORBID you turn their electricity off; they have a right to that shit.  I mean, there are mfers in PDX driving homemade electric cars that they plug in to outlets in special parking areas streetside.  Go fuckin figure where that juice is supposed to come from.

Trojan is what is wrong with nuclear power ON BOTH SIDES.  On the side of the pro-nukes, the plant didn't last even half of its design life.  On the anti-nuke side, where the hell do these granola crunching morons think the fucking juice is going to come from to make their silly microbrew beers and dumbass specialty coffees?

The pinnacle of sick irony is protestors against logging who are using wooden pickets with paper placards affixed thereto.

As I continue to maintain, people have gone literally insane in the past 40 years or so and there is no longer any capacity to even broach the subject of an "adult decision" regarding expectations and how those should be met.

There are a legion of greenies whose ignorance regarding the feasibility of their silly "alt.energy" is incomprehensibly vast and utterly impenetrable.  People now actually believe things which are literally less plausible than fairy tales, but you will get nowhere trying to have a simple discussion.  They will insist to the point of violence that their faith is justified.

Mar 26, 2011 2:28 AM

COMPLETE non sequitur.  At all levels.

I asked you for the FACTS upon which you can conclude that the cores are going to reach the water table then contaminate global food supply and you give me THIS irrelevant shit?

Why don't I send my fucking kids to help clean up???  WTF does that have to do with what YOU SAID and which I ASKED for evidence on?

Shit is blowing East/West?  WTF does that have to do with the water table??? 

6 reactors melting down?  I have to prove otherwise?  No; YOU have to marshal facts sufficient to establish at least a prima facie case that 6 reactors ARE melting down.  You cannot do that.  And you cannot just STATE something and expect that I have to PROVE a negative.  Besides being IRRELEVANT to your original premise, anybody who possesses sufficient intelligence to even be IN this discussion for real would IMMEDIATELY recognize the logical fallacy you just committed by expecting ME to prove a negative!

WTF does drinking water in Tokyo have to do with cores reaching the water table in Fukushima Daiichi??!

Jesus fucking Christ, you are so stupid you cannot even understand your OWN ARGUMENT, can you?

Where the hell is CogDis to blather about the real problem here, at TEPCO, and governments, which is the Downing Effect?  It's people like you who are inadequately intelligent and knowledgeable but yet have no hesitation whatsoever in stating your silly opinions.

And you get a huge popularity boost among your ignorant cohorts, which somehow confuses you into thinking that the more "thumbs ups" you get somehow implies increasing factuality??! 

I would be EMBARRASSED to be doing what you do, running my mouth about shit in which I had no knowledge or expertise whatsoever.  This is why you will never see me being wrong about something; if I don't know, I keep my mouth shut.

Mar 26, 2011 2:35 AM

Wow...no sooner did i recite "Downing Effect," but like an incantation YOU show up.

*I* set up a strawman?

No you fucking moron, I asked for EVIDENCE to support BOB's claims that the cores reaching the water table was "probable."

If you think that is a strawman, not only are you stupid, but a moron as well.

As to whether they have control of the situation, now THAT is a strawman. In fact if your stupid ass would go google "strawman," you'd realize exactly that!

A strawman is an argumentative artifice intended to CHANGE the subject onto something which you can prevail but which was NEVER AT ISSUE.

Whether or not they "have control" was NOT under debate!  YOU injected it in order to declare a synthetic victory.  IOW, it is a strawman.

My request for evidence was not.  And at no point have I ever used a single strawman on this topic.  I challenge you to find where I have. If you can find one, I'll leave ZH forever.  If you cannot, YOU leave.  Fair enough?

I don't use strawmen, and I don't commit logical fallacies.  I'm not sure you even possess the intelligence to understand what logic is or how your posts are littered with fallacies, but the challenge stands.  And i will put that challenge to every single fucking one of you.

I've never been a fan of moderated forums, but after seeing the utter stupidity which masquerades as "common sense" around here, I have become a convert.  I lack hope for humanity more now than ever before.  Your combination of ignorance plus arrogance is toxic.

Mar 26, 2011 2:38 AM

Fuck off, Bob.

I asked you ONE question first.

You answer MY question and then I will answer yours.

State the FACTS upon which you conclude that cores' reaching the water table is "probable."

Do yourself a favor and go read about the Downing Effect.  Never in my life did I believe that people like you and tmosely existed; you can get thrashed like a fucking dog on a topic and come back the next day as if it never happened.  Like a cockroach.  You never learn, you never progress, and above ALL you never seem to be capable of grasping how ignorant you are.

Mar 26, 2011 2:43 AM

ad hominem.

Please just shut up for the love of god.  Your posts are a crime against logic.  From Aristotle to Descartes, they are rolling in their graves.

Mar 26, 2011 2:47 AM

was that a question, bob?

Again, this simply isn't a topic where you have any business disagreeing with me.

What ABOUT natgas, bob?

Mar 26, 2011 2:50 AM

It can also prove to be an advantageous weapon if you are skilled enough to disseminate misinformation correctly

Well, thank dog you're grossly lacking said skill, eh?

because not a fucking thing has come out of your mouth for the past two weeks other than misinformation...really, calling it that is being highly generous; it's really been more bullshit than anything else.

And...yet...you...keep...coming.  Short on brains, long on perseverance, a highly lethal combination.

Mar 26, 2011 2:51 AM

They need to coat SFRs in your idiocy; because that shit is IMPENETRABLE.

Common sense simply isn't either common or sensible; look at the way you just dispense off-hand with rational thought and data.  LOL.

Yeah FUCK facts, bob, just talk out of your ass; use your "gut" and those gambler's hunches.  Fuck science, fuck evidence, fuck rationality.  Your common sense has no bias whatsoever, of course.

Carry on, man, were I a psych guy I could make a career study of you.

Mar 26, 2011 2:57 AM

In the time I've been reading ZH, I always make a point to read everything you say because it is so well worded and thought out, tmosley,

wait...is this the same tmosley who is a well-known idiot?

The guy has been bitchslapped every which way from sunday on nearly every topic I've seen him post comment on.

what he says is going to happen, will not happen.  You will be getting a brick of Ag; no fucking way he's taking that bet.  People around here like to talk a lot of shit and feel somehow comfortable making embarrassingly hysterical predictions.  And when these predictions fall flat on their face (again), they just come back as if it never happened.

Mar 26, 2011 3:01 AM

Again, facts?  Demonstrate exodus of Tokyo...all ears, bob.

And yeah I think you guys did claim that shit was going to go bang overnight.  I think it was supposed to have happened over one of the nights last week.

Mar 26, 2011 3:04 AM

that you are an idiot

Mar 26, 2011 3:08 AM

i see it the same way...but cooling doesn't have to last forever.

At some point the rods cool off enough to get moved to...ok, i guess there is no permanent repository for SFRs, so they get moved to another SFP in another Mark I BWR attic.

They very clearly read my ZH posts and said "that nigga Trav sez we gotta prevent fires so let's dump as much water onto this bitch as possible."

At some point, maybe on the order of years here, things will cool off enough that they can then properly decom these things.

Mar 26, 2011 3:18 AM

ok, I'll do that.

Just as SOON as you show me where in that post I claimed that Fukushima was safe.

See, the problem here bob is that you are insufficiently intelligent to realize that I DID NOT CLAIM AT ANY TIME that this situation was anything OTHER than a clusterfuck, highly radioactive, dangerous, and all the rest of that.  I have been very upfront about that at EVERY turn, including describing in painful detail days ahead of time what steps would need to be taken to have any hope of this situation not worsening.  And then as if they are reading my goddamned posts, the shit happens like I said it would.

But somehow, someway, every time I REFUTE that the situation is NOT currently the apocalypse that YOU repeatedly claim it is, that piece of fried shit you call a brain seems to come up with the conclusion that I am saying they should put a fuckin roller coaster at Fukushima and start having picnics there.

Japan is inarguably habitable at the present time.  Areas in the immediate vicinity of this power plant may not be.  The plant area sure as SHIT isn't habitable.  You will never catch me laughing off triple digit mSv radiation readings.  In fact, I said explicitly that if your personal dosimeter ever goes north of 99 mSv, you should FLEE IMMEDIATELY.  Do not pass Go, do not collect $200.

Now, wtf, do I need to get you a sign language interpreter to help you catch my drift here or what?

Mar 26, 2011 3:23 AM

do you really want to go planck length on me?  Seriously?

Not gonna go well for you.  I know very well the limits of my knowledge.  One of the things I know is that your initial statement was incorrect.

Mar 26, 2011 3:26 AM

utter horseshit, but it is quite late and I have to get to bed.

Let me just point out that you directly contradict yourself in under 3 sentences.

Mar 26, 2011 9:06 PM

Take your cult shit back to TF.  Douchinger isn't here to ban everybody that disagrees with this nonsense.

LFTR isn't a savior anymore than "nanotechnology" is from the earlier idiot.

CHINA is buiding LFTR, so the fuck what?  China is also building tons of empty cities.  Thorium has a place in the future but you cretins act as if the technology is great-to-go and it's just been sitting on the shelf perfected, a TURNKEY solution, when it's so far from that as to make the utterance of "LFTR" as a cloture tactic laughable.

As for whether history supports your position...wtf?  There are MORE examples of circumstances overcoming man than the opposite.  Rome fell, the black plague killed millions.  The history of "solutions" by man is weak compared to the opposite.

I'm not sure what your point regarding history was...something about population not declining materially?  It wasn't this overshot EVER until the oil age.  If you can't look at a population graph versus time and SEE that, then you are incredibly myopic.  Modern population = oil

Mar 27, 2011 1:01 PM

I have insufficient facts upon which to base a statement.  Therefore I do not make one.

I know this concept must seem revolutionary to all the talking asshats on ZH, but it is what it is.

My original post was intended to do no more than state a fact.  If you choose to only believe bad news, that's your prerogative.  Why should I believe initial numbers and not revisions?  Why are the first less credible or more credible, when as I am told, TEPCO and the gov't does nothing but lie ALL the time?

Perhaps the initial number and the revision were both lies.  I find no basis to believe that one is any more or less credible than the other, but the facts are that the initial number was retracted as error.  If we are going to quote TEPCO we must quote them in their entirety, not just cherrypick the statements we like and then rush off to ZH for group affirmation.

Mar 27, 2011 1:02 PM

do you think I disagree with Dr. Michio?  I think I recall suggesting the same thing over a week ago.

I also went out on a limb and said that I thought the US was calling the shots as of the time of the helo water drop.

Mar 27, 2011 1:06 PM

let's see here...who's on my side?  Every single person with any knowledge or expertise on the topic, as usual.

In opposition are moonbats who can't even keep a single thought straight...IOW, people just like you

Mar 27, 2011 1:11 PM

get the fuck outta here, majia...

persuasion on ZH is infeasible because the most vociferous posters are intractably stupid.

If you want proof, take a look at the evolution of "Flakmeister," who is a goddamned physicist who worked at CERN of all places, who went from reasoned and deliberate recitation of facts and morphed into "just STFU" all while I goaded him with Star Wars Emperor quotes, because he did what you suggest and it failed miserably to penetrate the thickness of some of the regulars here.

In fact, when I first came here I did the same thing as he did.  WTF is the point?  I have posted research papers on this topic here; nobody read them, nobody replied.  People come here for group affirmation and I just mock them.

I continue to try to debate with cretins such as "bob dabolina," where he makes a claim and I ask for facts upon which he has based his claim and then he responds by asking me if I will move my children to Fukushima.  In the face of that, I respond by pointing out his non sequitur and reiterating my request for factual bases to support his initial claim.  And then he says I am a pussy.

So where exactly the fuck is there ROOM in these types of exchanges for "persuasive argument"?  There is room for nothing other than defamation and it is warranted.

Mar 27, 2011 1:15 PM

Not even close to accurate and in no way responsive to what I just said.

The fact remains that the retraction was clear as of the time of my initial comment.  Take the failure to address this in a fair manner with the hosts, not with me for pointing out that failure.

Mar 27, 2011 1:17 PM

respond to WHAT?

JFC how the hell do you expect me to keep track of everything that everyone says?  I am not a machine for fuck's sake.

I can't set ALL of you straight at once, ok?  While my intelligence may seem godlike to you, I assure you my typing is not

Mar 27, 2011 1:17 PM

should be pretty easy to dig up a quote, right?

Where oh where are all the CDs and the baghead sockpuppets to DEMAND truth out of you?  After all, ZH is about truth, right?

Mar 27, 2011 1:22 PM

truly amazing that nobody has leaked this

Mar 27, 2011 1:27 PM

lol

Mar 27, 2011 1:30 PM

My methods?

We are all observers here.  Nothing of what we say is going to materially affect the outcome unless the gov't actually read my posts and took my advice for fire suppression.

My methods involve ruthless acquisition of facts upon which to base EDUCATED analysis.  I hate blind guesses.  If I were in charge, I'd have dosimeters up the yin yang and they'd be on the internet.

For better or worse, nothing is accomplished by suppressing the truth.

I don't agree that the situation has gotten progressively worse; it hasn't.  It has flatlined for about the last week, since they decided to start spraying water.  Now, the flatline may still be at "pretty fucking bad" but it hasn't literally gotten worse.

Mar 27, 2011 1:34 PM

I agree with this, but I speak from the position of being a pretty ruthlessly thorough contingency planner, by nature.

I like to leave NO loose ends.  When I say fail safe I mean the shit is still running after the sun explodes.

In a case such as this one, the statistical risk was low but the penalty high, therefore expected value placed this at a threshold necessary to be addressed.

But we hear from nuke plant workers here about how backup diesels were FUBAR'd here at US plants; the crankshafts broke during testing...wtf.  This level of "incompetence" is criminal.

I could not have participated in Fukushima knowing that the outcome if terrestrial power was cutoff and diesel backups failed was total catastrophe.

But I have raised the issue of failure in management meetings in the past and it does NOT go over well.  Nothing but rosy groupthink does.

Mar 27, 2011 1:47 PM

someone might find out that a lot of mercury comes from coal and other industrial pollution...shhhhh

Mar 27, 2011 1:54 PM

looks like an hourlong spike...nothing to panic over.

CPM on gamma I think is like 120 CPM per uSv; correct me if I'm wrong.  The Sievert is a roentgen equivalent man dosage absorption and varies depending upon the type of radiation and type of man.

I read that most dosimeters are calibrated for Cs137 and that is at 120cpm...some of these network sites may have recalibrated 100CPM=1uSv.

Mar 27, 2011 1:57 PM

Is there any depth of shameless lying you moonbats will not sink to in order to bullshit and lie?

I never said anything of the kind.  Incapable of besting me in debate or refuting fact, you resort to drive-by bullshitting.

Mar 27, 2011 10:44 AM

hasn't been a single report outside of your moonbat conspiracy websites citing a single radiation death so far, you fuckin liar.

Mar 27, 2011 10:46 AM

do you honestly think that having a shithead uncle tom punk white person calling me a racist does anything other than make me laugh?

You are pathetic, honestly.

Mar 27, 2011 10:52 AM

we can conclude that radiation dosages are something ELSE you know absolutely nothing about.

there are people who live in areas where annual ambient exposure is 260 mSV.  Therefore, they will all die in 20 years according to your stupid premise.

Nevermind flight attendants who eat bananas...they should all be dead by now.

really, in the overall scheme of things, your stupidity is FAR more dangerous than radiation.

6 days till everyone in Tokyo is either dead or evacuated...clock is ticking.

Mar 27, 2011 10:59 AM

hatred of blacks?  Good god, my idiotic friend, where the hell did you get the impression I hate blacks?

Because I state facts about them as a group which aren't glowingly complimentary?  Because I don't toe the antiwhite politically correct line like you?

For a free thinker, you are pretty eyes-deep in bullshit like PC.  The phenomenon here is your pavlovian conditioning meeting facts you don't like; thus "hate facts."  You just fill in the hate part to overcome your own cognitive dissonance.

According to you, we are all exactly the same, which is the most utterly absurd thing you've probably said thus far.  All races, according to you, behave EXACTLY the same in similar circumstances, yet we don't see Katrina in Japan, nor did we in Indonesia.  Most of KATRINA wasn't even Katrina; it only was like that in NO, the area with a highly-concentrated black population.  Oh, and you might want to check the stats on interracial rapes.  There are tens of thousands of them by black men against white women and actually statistically ZERO of the opposite.  That's right, the number of white on black rapes was so low that it fell below the statistical threshold.

So, either the data is lying or you are a fool.  Everybody here knows which one of these options is most likely.

Mar 27, 2011 11:03 AM

you fucking moron...you stated that everybody was as good as dead ALREADY.

You are a raving lunatic, an uncle tom punk, and a moron.

6 days now till everyone in Tokyo will be "dead or evacuated," according to YOU.

Are you going to FUCK OFF when yet ANOTHER of your asinine statements proves to be complete and utter bullshit?

No; of course you won't.  Like a typical white bitch moron, you will be right back in ZH the next day trying to make an even bigger fool of yourself.  And you will succeed.

Mar 27, 2011 11:06 AM

look at ZH...the consensusthink is strong here.

Anyone with true expertise is immediately recognized ONLY by others with expertise.  Those who are ignorant, well...it flies right over their head.  They immediately assume that people are just talking shit.

I've seen this dozens of times in meetings.  People who are ignorant seek out sympathetic parties to "agree" with them and lend them a vote of confidence.  Safety in the herd.

Mar 27, 2011 11:10 AM

what an unseemly little mudshark punk you are

Mar 27, 2011 11:10 AM

you fucking moron...all readings from dosimeters would be PER HOUR.

100mSv in 48 hrs, I hope you are capable of doing the math on what the rate is per hour.  If you're not, feel free to bullshit and bluster and call me a racist.

Mar 27, 2011 11:14 AM

you pathetic piece of shit uncle tom punk.

Go back to trolling for PMs.

You think the junks from a bunch of idiots like you means a fucking thing?  The facts don't care about their popularity, you BITCH.

Mar 27, 2011 11:20 PM

still mindboggled over the difference between taking food and cleaning out an electronics store?  Or the difference between 10s of thousands and zero?

Mar 27, 2011 11:22 AM

look, man, when we have Village Idiots claiming Japan will be "uninhabitable," and that "everybody in Tokyo will be dead or evacuated within a week," you think *I* am exaggerating by characterizing this as the end of the world??  Seriously?

An insult is NOT an ad hominem.  You need to review this fallacy.  Ad hominem is argument against the person.  I BOTH refute the argument AND call the person an idiot for believing it.

Find me a power generation facility type that granola crunchers like.

There is no "safe" dose of radiation...WTF.  We are currently exposed to radiation as a result of that big nuclear fireball in the sky.  This notion of no safe dose is a result of POLITICAL considerations, not science.  People live in areas where they receive 240mSv/yr with no increase in cancer frequency.  Don't quote a fucking LOBBY group like NCRP on radiation, ok? 

Mar 27, 2011 11:24 AM

two questions:

1. what are you wearing?

2. what type of power plant would YOU like to see keep those shiny things we call "lights" on at night?

Mar 27, 2011 11:24 PM

what was his altitude?

People who were exposed to the reactor core from a bridge near Chernobyl (bridge of death), all died, some within a day.  It was 2km from the reactor.  Anyone standing up there (and lots went to look at the pretty colors) received a lethal dose. 

this guy probably lived bc his camera got fried.

Mar 27, 2011 11:28 PM

you're talking to me?  You think I am Douchinger?  ROTFL.

You know how many times Douchinger banned me from TF?  I bet him the Bernank would print and EMAILED HIM to remind him that I was right.

My last handle on TF was "FUKD"...just think through that one for a while.

Mar 27, 2011 11:30 PM

so how we keep the lights on then, dizzy?

Mar 27, 2011 11:36 AM

ROTFL...no funnier than their calling ME a psyop FIRST.  Perhaps by the same token, THEY are trying to hide something?

You are doing a good job of sullying your own reputation by saying laughably idiotic shit over and over again.

the "undying Klan"?  LOL.  The Klan hasn't done anything in 50 years.  Your problem is that you are a punk and a self-hating uncle tom. 

6 days till Tokyo is "dead or evacuated," right?

Mar 27, 2011 11:40 AM

the 10 million was retracted as error.

Mar 27, 2011 11:45 AM

the true levels are somewhere north of your IQ, but slightly south of room temperature

Mar 27, 2011 11:49 AM

just fill in whatever paranoid conspiracy theory that springs into that empty head to explain things.  Get lots of approval from group (which is why most people are actually here- group approval, not freethought or fact-seeking), rinse, repeat.

Mar 27, 2011 11:51 AM

dude, you can get your fill of group approval at moonbats.com

I read this http://www.aolnews.com/2011/03/27/radiation-inside-fukushima-dai-ichi-nuclear-plant-rises-sharply/?ncid=webmail

before Tyler posted the article.  It's abundantly clear that the reading was in doubt.  So, when faced with doubt, SURE, ALWAYS ASSUME whatever set of imaginary facts supports your a priori bias!  Then go with the herd!  Always march with the other lemmings.  Never seek out factual confirmation, never try to falsify your own opinions.  March to the beat, conform conform conform.

This site has turned into more of an echo chamber than TF.

Mar 27, 2011 11:52 AM

Pripyat puts new meaning into "keep off the grass."

Mar 27, 2011 11:55 AM

TYLER is not at the plant and NEITHER ARE YOU.

So by your own rule, YOU should STFU!

I do have a stupidometer and every time one of your posts comes up, it hits 10 million times normal also

Mar 27, 2011 11:58 AM

true...only problem is that ISN'T WHAT YOU JUST SAID.

You said that the MOX was "weapons grade" Pu239; i mean it's RIGHT THERE in your fucking post.

You got called out on that bullshit and you think you can save the statement, somehow transform it into something OTHER than bullshit (through ZH alchemy) by saying that, "well, it's something to be concerned about"?!??!

WTF is the matter with you?  YOU WERE WRONG.  Admit your fucking error and stop bullshitting.

Mar 27, 2011 12:01 PM

LOL...this mental contortion is spectacular.

They release benign data, you call it a lie. 

Your selection bias is astounding; ONLY information which is bad can, by definition, be true.

Mar 27, 2011 12:05 PM

Taleb is full of shit.

Expected value modeling does exactly this.  If tail risks are improbable but the outcome is severely heavy, then they by mathematical definition carry more model weight. 

Bad science ignores improbable outcomes with steep costs.  Well, usually it's stupid managers who think "oh that could never happen, so I can ignore it"

Mar 27, 2011 12:07 PM

link already posted.  I think in response to YOU.

As if YOU were incapable of verifying for yourself...wtf.

Mar 27, 2011 12:10 PM

cornered?  ROTFL...my good man, there is but one in a thousand here capable of making me break a sweat in an argument.  And they are all on my side.

I'm sorry you find me so threatening, dude...work on that with your therapist.

Mar 27, 2011 12:15 PM

Dude, how the fuck do you think I was ABLE to be first with that post unless the retraction was ALREADY OUT?

By the time TD put up the goddamned page to draw you flies in, the reading had ALREADY BEEN RETRACTED.  He knew it and I knew it. 

I understand the psych phenomenon of projection.  Consequently, I do understand how you people could believe I am talking shit, because you yourselves pretty constantly are.  Downing Effect.  READ it.  Write a fucking NOVEL on it.

But, anyone who has done even a paucity of psych analysis would realize straight away that being wrong publicly is an anathema to me, which is why I take great pains to never do it.

A fair recitation of the facts would have made equal emphasis to the retraction, instead of paragraphs of shit about the initial reading buttressed with utter CRAP about the radiation burns suffered in the water by those 2 workers, as if TEPCO EVER said the things TD just attributed to them.

Mar 27, 2011 12:17 PM

lol...group approval.  That's why most are here.  That's all you seek.

Kina claimed that the number wasn't vetted by PR or marketing and you say this is a "valid point"?!?

Whiskey Tango Foxtrot.

Mar 27, 2011 12:18 PM

let me leave you with a little mindbender, mosely...

if you claim that these guys have no credibility for 2 weeks, then WHY DO YOU BELIEVE THE INITIAL READING IN THE FIRST PLACE?

A true skeptic would doubt all information, not just the ones that go against his selection bias.

Let's just face facts, dude...you are far too stupid to be attempting thinking.  it's like a midget trying to dunk a basketball.  GET A FUCKING LADDER

Mar 27, 2011 12:19 AM

Enterprise isn't needed for Libya; de Gaulle is there

Mar 27, 2011 12:22 PM

sorry, mosely, I'm not going anywhere.

As long as I'm here, idiots like you won't be safe from getting embarrassed for your bullshit.  There is no safe refuge from me for liars, prevaricaters, moonbats, and general idiots like you.  If it doesn't want the hose, it places the lotion in the bucket.  Or to translate, stop lying and bullshitting if you don't wanna get called out...you ever think to try that?

you must be scared to death of how things will be after 6 days from now when everybody in Tokyo is not dead or evacuated.

Mar 27, 2011 12:25 PM

Fuck off, seriously, dude...this obsession you have over me is getting a bit scary.

You're stinging still from the asswhippings you've taken on other topics and you think you can get back at me by making a fool out of yourself like this?

I haven't been wrong.

Mar 27, 2011 12:26 AM

wtf...EVERYONE who disagrees with the crowd orthodoxy here is a psyop.

I've been accused, what, half a dozen times in the past week or two of being a shill?  ME?

You people are shameless.  Confront the facts and stop your weakass bullshit.

How the fuck do we know that YOU aren't a fuckin psyop?  This paranoia moonbat shit is effing hysterical

Mar 27, 2011 12:26 PM

Can you show me where I claimed what the levels were?

Mar 27, 2011 12:29 PM

No, that doesn't sound at all like what they've said.

They never said anything was fine, TYLER and YOU said that they said that.  They never said anything was a magic fix, TYLER and YOU said that they said that.

The real problem here is that you can't fucking separate what YOU said from what THEY said.  Hell, yesterday the PM says shit is NOT under control - a TRUTHFUL STATEMENT - and that was similarly unacceptable to you morons.  He was "lying and evading."

That's the reality here; you believe NOTHING they say EXCEPT if it confirms your apocalypse selection bias.  So in the absence of what you regard as believable evidence EITHER WAY, you just fill in the blanks between your ears with whatever makes you feel better.

Then you come to ZH for group affirmation.

Mar 27, 2011 12:32 AM

you are both quite obviously psyops.

I mean, the cleverness of masquerading as dissidents in order to assist "TPTB" in rounding up lists of sympathetic persons is just so brilliant that it could only be a psyops operation

Mar 27, 2011 12:33 AM

dude, you are so clearly a psyop

Mar 27, 2011 12:33 PM

Let's think through this together-

So when BAD news comes out it is automatically true.

if NOT bad news comes out it is automatically false.

Sound pretty close so far?  If the PM says things are "not under control" he is lying and evading and assumed to have said precisely the opposite?

You are REACHING for a basis upon which to support your selection bias, ok?  Stay agnostic and let the facts come; they will.

Mar 27, 2011 12:34 PM

my take is that this is a total clusterfuck...I've said that from the beginning or at least once the issue of SFPs became apparent.

Sure it sounds right...the disaster planning was not in place to deal with this type of accident.  It's simply a matter of incompetence not malevolence.  I don't think that facts become available in the timeframe people expect them to be...I think this notion that we all can know wtf is going on there from minute-to-minute is unrealistic.

But, in the meantime in the absence of any fact, ZH is here to fill in all kinds of wild apocalypse bullshit.  Tmosely even said that everyone in Tokyo would be dead or evacuated by 6 days from now.

Mar 27, 2011 12:39 PM

You do realize that you have just made your own selection bias unassailable, right?  You have put yourself into a logic trap.

I mean I've never seen someone just come right out and defend sloppy thinking and total lack of objectivity like you just did.  I don't know whether to congratulate you or just insult you.  Very rarely am I just truly stunned by illogic.

Mar 27, 2011 12:41 PM

What does this book have to do with the quotation attributed to him that i was responding to?

Mar 27, 2011 12:42 PM

tried to...said page cannot be displayed

Mar 27, 2011 12:43 AM

ROTFL...if you only knew why I had 4 7s...

you paranoids are morons...or psyops.

You guys are so mindfucked that the truth seems like disinformation to you.  CD is a psyop to ferret out all of the paranoid PM and anti-gov types.  He posts frequently because he knows that by doing so he can defuse any suspicion of his motives.  I mean, it's a classic psyops tactic.

the government routinely employs people at high levels in organizations in order to steer them toward other dissidents.  What better way than to catalog all of those who distrust the government than to have a paid psyop write long-winded articles which draw potential State enemies like flies to honey?

In the majority of the recent "terrorist plots" a majority of the people involved in the plot were government agents.  Psyops like CD are incredibly useful in maintaining surveillance and keeping tabs on potential State threats, just like how they pay incendiary clerics in mosques to both agitate with terrorist and anti-west rhetoric and then at the same time provide lists of sympathizers.

Mar 27, 2011 12:45 AM

very interesting that you try to act so much like a shepherd, eh, psyop?

Mar 27, 2011 12:55 PM

WTF were they supposed to do...let the things melt down and start burning?

Mar 27, 2011 12:57 AM

you are a hysterical idiot

Mar 27, 2011 2:07 PM

no, probably not.

The only issue I took was with the timeliness of their initial actions. I thought it incomprehensible that they didn't airlift generation capacity and then vent the buildings and I said so at the time.

It appears after 3 of them blew, they vented the 4th.  And after days of failure, they resorted to firespraying the areas.

At this point, if they can prevent fire, they will avert total hellbreakloose.  But they will have to deal with a lot of radiological contamination for some time.

Lost in the hysteria over the 10 million vs 10,000 was the fact that workers are ACTUALLY INSIDE THE PLANT COMPLEX, which is itself a lost piece of GOOD news.  That we were treated to video of workers actually walking in the plant complex and not dropping immediately dead is evidence that the worst-case of fuel rods and reactor core all over the facility was simply not true.

Mar 27, 2011 2:09 PM

you think a junk button on a website such as ZH is a statement of veracity?

This site's junk feature is a popularity contest and nothing more.

Dude, I've gotten half a dozen junks posting a link to a DOE publication about a study of zircaloy fuel cladding fire risk from an emptied SFP.

There are orders of magnitude more moonbats here than there are people with real expertise on any topic.

Mar 27, 2011 2:11 AM

economics is physics?

BWAHAHAHAHAHAHAHAHAHAHAHAHA

You know, man, you've said some really stupid things before but I think this one takes the cake.

You'll have to search long and hard for examples of whites looting.  Like I said, watch the WMT video from NO.  You might see a couple white people in a sea of blacks.

Sorry that reality bitchslaps you again.

Mar 27, 2011 2:17 AM

You got one example of a couple of japs and one of a couple of whites.

How many for blacks...a couple THOUSAND?

people DON'T BEHAVE THE SAME WAY UNDER THE SAME CONDITIONS, you retarded FUCK.

You behave like an idiot under conditions which others sail right through.  All behavior is not shared, you obtuse idiot.

Look at the homicide rate breakdown in the US against race...or do it anywhere in the world.  Crime, IQ, illegitimate births, go on and on.  Or, even better, take a look at some studies of separated twins, longitudinal studies of cross-race adoption.  GO AHEAD, I fucking absolutely DARE you to.

You are perhaps the most blatantly stupid person here, you fucking groveling uncle tom punk.

Mar 27, 2011 2:17 PM

of course; I understand that as well, and I continuously make reference to the Downing Effect as the cause of all this and a whole host of other messes.  When 3rd graders do not know that they are 3rd graders, there is a problem.

but...but...tmosely says I am not wanted, boo hoo sniff sniff. 

Don't worry, I'm not going anywhere.  The regulars here really badly want me to be saying "everything is fine," to be the strawman shill they can rail against.  That's who they're looking for, the "enemy," the "them," the "other team."  Same stuff I encounter when arguing with democraps or repugnicons.  Or if you criticize NeObama, you are immediately framed as a Muhcane supporter and vice versa.

The average person in the world appears incapable of not existing in an internal conceptualization which is in reality a false dilemma

Mar 27, 2011 2:18 AM

you are incorrigibly stupid

now get out of your whitopia and go live with the nice black people you worship.  Tell me about how 'everybody is the same' when we see 200 blacks and 2 whites looting a walmart.

Mar 27, 2011 2:20 PM

acceptable for what?  the inside of a busted reactor?  Or for my backyard?

Mar 27, 2011 2:23 PM

I'm pretty good with numbers, but even I cannot count high enough to catalog all the logical fallacies in that post.  From strawman to ignoratio elenchi, you've pretty much covered all the bases- a veritable tour de force of stupidity

Mar 27, 2011 2:24 PM

good...good...

with each passing moment you make yourself more my servant.

Mar 27, 2011 2:31 PM

LOL...I used to get a kick out of RNR making a fool out of you; guess I will have fun with you now.

I'm not unwanted here by anybody but you and your clown brigade.

There is no escape, my young apprentice...no safe refuge for liars and idiots like you so long as I am around.  You are my bitch now.  Look at how you act, like a total bitch, trying to get me to leave, telling me you and your "friends" don't like me.  HAHAHAHAHAHAHAHA...do you think I fucking CARE if someone as insignificant as you likes me?  You are less of a concern than a piece of gum discarded on a sidewalk.

You have been shown up by everybody with any real expertise on any topic imaginable.  You are a fucking FOOL and an ignorant and you have to live with that yoke on your shoulders just like the yolk in your face.  You should really hear what people offline have to say about you.  Suffice it to say that it's not pretty.  You are roundly derided as a retard.

Mar 27, 2011 2:33 PM

You are shriller than most of the bitches I've dumped...change your tampon, mosely.  ROTFL

Mar 27, 2011 2:35 PM

whatsamatter, bitch, you went over to TOD with your self-proclaimed brilliance and they laughed at you too?

Seems to be a common occurrence.  Yeah, fuck all those physicists and geologists, TMOSELY will set them straight.

Do you know that in one of your recent arguments you were in reality talking to a guy who works at fucking CERN and is a doctorate physicist?  He tried to set you straight, to no avail.

Cliff Claven you are, ma'am.

Mar 27, 2011 2:39 PM

no...the leafy vegetables were fucked at the first venting of steam.  Ditto for the Tokyo water.  That happened more than a week ago.

Mar 27, 2011 2:41 PM

don't try to back out now, bitch...and don't make me go and link to your comment where you SPECIFICALLY SAID "within a week tops, everybody in Tokyo will be dead or evacuated."  It's right over on the Fukushima thread.

In fact, I bet you when I read it that it wouldn't happen.  Don't pretend like you didn't say it or that you didn't read my reply.  Your obsession over me which leads you to read and respond to everything I write and follow me around like a puppy dog means that your claim that you didn't know about any of this less credible than anything that has ever come out of TEPCO

Mar 27, 2011 3:04 PM

punta gorda wasn't looted by people who live there.

Chile is hispanics, who tend to have 3-4x the crime rate of whites.

No catnip, man, just facts.  Go to BJS and take a look at violent crime if you want to.  Prison populations or whatever suits your fancy.

Check out SBPDL too

Mar 27, 2011 3:16 PM

EUROPE HERE I COME!!!!!

Mar 27, 2011 3:27 PM

this video is incredible...even people on the ground who got onto the roof of most buildings would have been killed.  The sheer volume of water and its flow pace is just astonishing

Mar 27, 2011 3:41 PM

great video...they sure as shit should have vented those buildings prior to having 3 explosions wreck the shit out of everything.

If reactor 3 had blown up, the radiation levels would be immediately lethal for the chopper pilots; they'd be dead within a day.  Stop posting bullshit.

People over 1km away looking at the exposed Chernobyl reactor received immediate lethal doses.

Mar 27, 2011 3:48 PM

Was the whole body dose 2 Sv or was it just the legs?

Mar 27, 2011 3:54 PM

Glad to see that you were all waiting in suspense for me to show up.

I'm usually fashionably late...and because I am far cooler and more glamorous than you, the party doesn't start till I get here.

No wonder this thread had so few comments.

Fret not, my admirers, I have arrived!

Mar 27, 2011 3:58 PM

right here...u want my autograph?

Mar 27, 2011 4:03 PM

airborne radiation at 1Sv/hr?  If they didn't screw up millis and micros, then the airborne radiation dosages would be similar to what is seen in the water...everyone'd be getting burnt and people would receive an LD50 in 3 or 4 hours.

Mar 27, 2011 4:09 PM

1 mSv would make it virtually impossible to do anything inside the reactor buildings

Mar 27, 2011 4:15 PM

Any minute now trav will be over here to take a dump and smell up the place

No, bob, don't worry, I am not going to crack your or tmosely's head open

Mar 27, 2011 4:32 PM

standing in water may not have been a whole-body dose, ok?

The Gray figure MUST be multiplied by a qualitative factor depending upon the type of organ or tissue.

I will bet money that this 2-6 Sv doseage is read with a dosimeter and would ASSUME a whole body dose.  Go to the sievert wiki and look at the Q and N coefficients, please.

Mar 27, 2011 4:33 PM

if you admit to being stupid, why are you offering suggestions?

Mar 27, 2011 4:44 PM

inclined to agree...I see no way airborne radiation could be 1000 mSv/hr and actually have anyone inside reading it.

Mar 27, 2011 8:27 PM

this is the most vivid tsunami video yet...you just see the ocean just come up and take everybody and everything.  3 stories of water.

god bless them all and rest in peace

Mar 27, 2011 8:32 PM

jesus...

god bless all of them

Mar 27, 2011 8:41 PM

it wasn't a full-body dose.  To accurately get Sv dosage you have to multiply by qualitative factors...the tissue affected.

this is why they really ought to use grays, which are a measure of pure energy absorbed.  Once you go to sieverts, you start talking about human tissue and the sievert ratings you see are for the REM on a whole-body assumption.

In a high-rad field, it would be ok to assume whole-body.  Stepping in radioactive water, not so...

Mar 27, 2011 8:45 PM

because of all the debris that is Fukushima...it would all be blown hither tither.

Nukes don't dematerialize things, ok? 

Mar 27, 2011 8:45 PM

no real material difference between recently spent rods and new ones except the presence of some shorter-lived isotopes.

Rods when spent are still 95% original

Mar 27, 2011 8:50 PM

naw...I'm a muthafuckin P I M P

Mar 27, 2011 8:54 PM

too many of these and you end up with Fragile X like t-mo here

Mar 27, 2011 8:55 PM

Pu's an alpha emitter, certain counters can read it, but it's only a problem like DU if it gets in you.

Mar 28, 2010 1:01 PM

Don't be an idiot.

Refusing Peak Oil means that you propose that exponential growth in production can be sustained indefinitely.

Peak is inevitable.

"Crashes" below $75??  WTF...oil was $20 freakin a barrel a few years ago, jack...you've capitulated to $75??

Mar 28, 2010 12:45 PM

Gold doesn't produce "returns"

Mar 28, 2010 12:51 PM

This is the stupidest thing I've ever heard.  Ammo as a freakin currency.

Mar 28, 2010 12:54 PM

are you INSANE?

You ACTUALLY think that merchants will be USING ammo frequently enough to be a large consumer?

GFD, this is incredible...everybody thinks their gun is the only one out there and that reality is like Strike Team Bravo

Mar 28, 2010 7:17 PM

Whether oil is sourced from dead plant matter or embedded methane is utterly irrelevant.

All that matters is the new ratefore the we can flow it to the surface.

I have tried to educate people as to what Peak was for 7 or 8 years now.  For some of the intelligent, it has literally taken most of that time over and over again, phrasing it different ways before they get it.

Peak is reality...it's happened in the US, it's happened in Mexico, in 54 or so of the top 65 oil producing nations, rising production, a peak, then inexorable decline in production.

Mar 28, 2010 8:04 PM

Fuck gold.

I prefer to store my wealth in the paper notes of bankrupt States and in the form of negative interest rate loans to insolvent institutions.

Mar 28, 2011 1:08 PM

no; this isn't accurate.

What you'd need to do is plot exposure rates in grams versus death rates due to the Pu.  Only that could provide a true toxicity estimate, and hasn't been done.  There are really very few true studies of Pu toxicity outside of downwind nuke test people, Manhattan Project employees, and some "terminal" patients injected with 5 ug of the stuff IIRC in the 60s.

An exaggerated LD50 is derived by assuming a whole body exposure of every becquerel of every atom.  There is actually some professor somewhere who issued a challenge to eat, gram-for-gram, plutonium against caffeine (LD50 of 13g). 

Mar 28, 2011 1:13 PM

No it won't kill them.  Tiny specks will most likely be excreted from the body via a variety of means.

You people are afraid of facts, aren't you?  The truth here will set you free and make you feel less afraid and paranoid.

Oh, but wait, I'm mistakenly assuming that's what you want...

I'm coming at this from the angle of presuming that people who are irrationally afraid would want the benefit of education so as to be relieved of their fears.  You don't.  You want your fears REINFORCED.

You and most of this board are junkies for paranoia. 

I won't and haven't told you it's harmless.  I told you it's LESS DANGEROUS than you believe.  Not harmless.  I won't and haven't told you that it is a good thing to get into the groundwater or good to have in the soil.

However, these statements you say NOW are not what you said EARLIER and what I responded to, are they?

Mar 28, 2011 1:19 PM

no, I spew bile because I am clearly very frustrated with your wilfull stupidity and lack of rationality and how dividers like YOU specifically CD leap into this type of situation to try to enhance your own following.

YOU are a narcissist.  You come here for affirmation and you crave the attention you get.  All the while it's wrapped up in "trying to help."  Don't try to fuck with me, you should know by now that I can see right through you.

If you were the man you claimed you were, you would be defending my attempts at rationality and supporting the truth.  You do not.

Mar 28, 2011 1:23 PM

Trav7777, is that you?

Yes, yes we get it. An ATOM is irrelevant.

Why do you always turn to verbal abuse when shoving your info up some one's ass doesn't work? And please don't start the 5 year old "he started it first" baby talk. Show some class, ignore the other babies and just restate your case.

No it wasn't me.

But stop being a fucking PUNK, CD.

Instead of worrying yourself about whether your followers will turn against you, why don't you stand up for this guy?  He stated the TRUTH.  ONE ATOM will not kill you.  this is EXPLICITLY what the guy said who he responded to and in exchange for that, the ZHeeple jumped the fuck all over him.

Where the fuck are YOU as self-appointed shepherd and rational guru to interject in his defense?  Nowhere.  Instead you snipe at him fom the peanut gallery.  Just like you do to anyone who might be a threat to your little guru status.  No overt challenges, just subtle triangulation erosion of their credibilty as you get the chance to do so.

Spotlight wanting COWARD.  Grow a spine and STAND UP for the truth, you bitches.

Mar 28, 2011 1:27 PM

you fking clown.

You haven't STOOD UP to anything.  You roll with the group; that's all you are and all you'll ever be.

Grow a pair of balls and stand up for the UNPOPULAR opinion which happens to be based in fact.

I, unlike you, do not NEED group affirmation as a basis for my self-esteem.  I will stand ALONE against everybody if I am right.  Your childish attempts at highschoolish peer pressure and shunning tactics will not work.

You're not anybody's brother; you're a sister.

Mar 28, 2011 1:31 PM

A CITE, Cliff.

Not a non sequitur.  Not evasion, bullshit, and bluster.

A CITE for your claim.

Did you honestly think you could put shit like this past me?

CITE, Cliff.  Cite your LD50.  that's all you have to do.

Don't worry, cliff...I already know.  You actually went out and did a bit of research and in 10 minutes of google found out that what I was saying was exactly true.

It must amaze people like you how the hell I can be so consistently right.  I'll give you the secret- I CHECK MY FACTS BEFORE I START TALKING, MOTHERFUCKER.

Mar 28, 2011 1:38 PM

you didn't actually read any of those, did you?  LOL

They did animal studies in the 1000 microgram range for determination of LD50s in them.

You maybe ought to look at: http://en.wikipedia.org/wiki/Talk%3AMedian_lethal_dose#Plutonium

where they discuss the LD50 of Pu.  Try READING your citations before citing what you think supports your position.

Mar 28, 2011 1:44 PM

would you really want to drink rainwater in the industrial NE anyway?

I mean, gfd there are coal plants and refineries all over belching toxins.  Remember "acid rain"?

The AIR ALONE in major cities, if you take an hour commute, is said to be equivalent to smoking half a dozen cigarettes.  Nevermind the danger of the drive.

What we are seeing here is people deathly afraid of the airplane when the statistical risk to them goes vertical once they get behind the wheel of their car.  This simply isn't rational.

I know it is not possible for everybody to be rational; most people aren't capable of it.  That's why it's important to listen to the rationals' advice on matters such as these.

Mar 28, 2011 1:50 PM

hahahahahahahaha

good one, coop...LOL

Mar 28, 2011 1:52 PM

don't worry about the junk.

Junk around here means "doesn't reinforce my hysteria."

Don't worry about Pu, worry about Cesium.

Pu is too heavy to go far...Cs137, much lighter, carried on the smoke, I-131 as well.  This is what contaminated Chernobyl and the surrounding areas.  Your body readily uptakes I131 and Cs137, Pu it does not.

Mar 28, 2011 1:56 PM

You're right.

I feel that now is the time to come clean.  I spent the hours necessary to get through one of CD's posts and it made me see the light and I feel a full confession is in order.

I was injected with plutonium and it modified my DNA to give me superhuman intelligence.

And I hereby APOLOGIZE to the entire ZH community for using my advanced intellect to make fools of all of you.  I am sorry.

Please forgive...forgive.

Mar 28, 2011 10:19 PM

bob I gave you the facts about the plutonium dosages...wtf are you babbling about?

You're alienating everybody around with this obsession about me, man.  It's gone long past the point where it's funny anymore, and you need to think about seeking out professional help.

Mar 28, 2011 10:20 PM

Government probably doesn't want their reelection chances fucked by this disaster...it's a dangerous game of chicken when politics get involved.

Mar 28, 2011 10:48 PM

ok, so according to them, there is Pu from FUD1 but it is at levels associated with trace amounts...that's certainly better news and if true doesn't remotely justify the hysteria on the last thread regarding this element at FUD1.

That wouldn't be a significant cleanup problem if that's the scope and extent of it.  Down further, they reiterate that #2 suffered meltdown, which I thought everybody knew by now.  It's clear that core materials went downpipe into the turbine buildings.

There is very likely core meltage at all 4 reactors.  The Pu could have been carried aloft by venting of reactors (it would be in trace amounts in the steam), from steam from melting SFRs or from fire in SFRs.

Mar 28, 2011 10:54 PM

They have no choice but to continue to cool and hope to sequester the wastewater.

They clearly have some kind of piping loss or leak downpipe which is flowing into the turbine buildings.  If they can close that loop, they can pretty clearly cool reactors.

The Zr95 in the turbine buildings is evidence that water is at least flowing in some way from the cores through the turbine loop, as well as evidence of at least partial core meltdown.

I have no evidence other than what I stated a week or more ago regarding primary containment breach (the fact that vessels were at or near 1ATM).

Allowing the rods to melt and find their own way to cooling is not a good idea, methinks. 

the latest videos show a lot of steam emanating from various things; this is a good and bad sign.  For the love of god why didn't they artificially vent these buildings early on??  Had they not stood idly while those H2 explosions happened, this picture would be COMPLETELY different right now.

Mar 28, 2011 10:58 PM

so it's possible we had a 500 comment thread replete with lots of swearing and junking and a bunch of hysteria over lethal doses of plutonium and our experts are suggesting a MEASURING ERROR?

So claven-mosely shot his credibility all to hell over what could be an ERROR???  The height of irony.

Mar 28, 2011 10:59 PM

and our ministry says the levels are within SAFE.  The japs say they are higher than 20-year averages, and our nuclear experts suggest measuring error.

Do you feel stupid yet for panicking or are you just taking a breather?

Mar 28, 2011 11:01 PM

You're being self-dishonest.

You in your 2nd paragraph claim they are pathological liars but then demand they make all information available.

This is very clearly a logically untenable position.  Even if they did release information at T+1 minute, you'd claim it was bullshit and demand they release the REAL information.

Mar 28, 2011 11:04 PM

I referenced the Alamos inhalation in the other plutonium thread along with the potential disease vectors. 

Keep your head down, sooner or later they will claim you are my sockpuppet or psyop cohort or a shill for TEPCO.

Mar 28, 2011 11:15 PM

You mean boron or cadmium right?

Be is a known neutron emitter and is transparent to gamma.  They use Be to moderate nuclear reactions and to enhance implosion fission.

Mar 28, 2011 11:21 PM

that's complete bullshit.

Where have they lied?  The lies have been coming from Tyler Durden, where he reports the news and then imputes things to TEPCO or Japan that they never said.  Durden has REPEATEDLY tabloidized the headlines on this subject.

Mix in some Ann Coulter and you have what you have here.

I'm not saying Japan has been totally forthcoming with the news as it becomes available, although I find if you watch NHK frequently, you see and hear quite a bit as they can make it available.  But LIES?  That's a pretty severe accusation and I cannot find much evidence for it.

Mar 28, 2011 11:23 PM

a unit conversion error?  With as many fucking posts as I'm expected to read and reply to or else the people in here get bitchy "where is trav"??

I read it as 500g; it won't be the last time.  I'm sure I said uSv when I meant mSv at least once as well.  So go fuck yourself.

Mar 28, 2011 11:24 PM

upon what evidence do you base this claim that there was a nuclear explosion.

I can say that if that were true, the Pu levels around FUD1 would be unmistakably hotter than this.

Mar 28, 2011 11:28 PM

open air.  there is no way something could seep 100km like that.

It was I131 that fell out of the sky basically.

As for the wastewater, they are going to dump it in the ocean until they can recover some kind of closed loop.

There's simply no other option; I imagine though that they should be able to erect rudimentary filtering on the wastewater and recover any non-dissolved particulates.  I'm not off the top of my head that reminiscent of the solubility of zirconium and Pu in water but I think it's pretty freakin low.

Mar 28, 2011 11:31 PM

I began reading the first one but abandoned after they started calling these things "hydrogen bomb poisons."  That's a clear sign of sensationalization by thought-linking it to a negative.  This is an NLP tactic in the style of Frank Luntz ("death tax" instead of "estate tax").

The biggest fallout dangers are *not* Pu and Sr90, they are actually I131 and Cs137 and then Sr90.

Mar 28, 2011 11:36 PM

that dude was en fuego...total geek appeal, love it

Mar 28, 2011 11:40 PM

Gonna hold you to that prediction, bob...MILLIONS.

You wanna go out on a limb and provide a timeframe?

Be like your best bud Claven-Mosely who has till 1344 EDT on Apr 2 "tops" for all of Tokyo to be dead or evacuated.  If you're gonna go, man, GO WITH GUSTO

Mar 28, 2011 11:42 PM

...except I didn't just say that.  If you want to know what I said, re-read the effing post not more than a few lines up.  Use that scrollbar over there ------------>

They never said everything was fine or under control and I was watching them on NHK daily for hours.

They sure as shit never said the things that Durden has lately attributed to them (obviously in jest but he clearly knows his audience)

Mar 28, 2011 11:43 PM

this is the best you have?  That's it?

Mar 28, 2011 11:49 AM

Pu like DU is most hazardous when inhaled.  Ingested, not so much as it tends to go straight through the GI tract.  bio-uptake is very slow but when/if it does, this shit produces fatal cancers as it pools in the liver and bone marrow.

However, and I know I will get junked for this, most of the paranoia on plutonium's toxicity is exaggerated.  It's not something I'd want to be inhaling, but if we look at facts, there were Manhattan employees who inhaled enough Pu to have a 99.5% lung cancer risk according to the linear risk models, and not one ever developed the cancer.

The government actually injected some terminally ill people back then with some 5 micrograms of Pu to study its effects as part of a secret study.

Mar 28, 2011 11:50 PM

given the rad counts that we've heard, I think entombment is gonna happen, period.  I don't see the rad levels as transient...maybe they are.  But without specifics from the dosimeters on what is alpha beta gamma, we can't know which isotopes we're dealing with.  If it's all just a bunch of I131, hell, hose it down and bring in the cranes, life goes on.

If it's nastier shit (which appears to be the case downpipe), then we've got something not fixable.

I'm not convinced that the primary containment is ruptured...as for the buildings themselves; they're FUBARd.  I mean look at 'em.  Nothin says FUBAR like piles of debris and rubble all over nuclear shit.

The fact that core elements are washing downpipe means that this is a long-term hazardous project.  Soon as cores cool enough to get access to (which could be year[s] I guess), then they can formally extract stuff.  But if it's melted slag, which it appears some is, those reactors will be there long after man is gone. 

They will cool then entomb and then cleanup what they can.  That is best-case at this point; the fate was sealed when the buildings blew up.

Mar 28, 2011 11:52 AM

Sigh...not possible.

Had this been the case, the workers in that video we saw would have literally collapsed due to radiation exposure.

The rad field atop Chernobyl 4 was estimated (as a result of stray core components being there) at 100-120 Sv/hr.  Liquidators were permitted to remain up there for only 45 seconds at a time because the field was assumed to only be 70 or so Sv/hr.  And some of them literally collapsed upon coming back down off the roof.  If they had stayed a minute and a half or two minutes they would have dropped dead on the spot.

Nobody would be able to be near any core components; they are simply far too radioactive.

Mar 28, 2011 11:53 PM

bob, this may come as a shock but your "common sense" doesn't pass for evidence. 

Most common sense is bullshit...the MSM spouts common sense daily.  And then several levels of credibility below even that is YOUR common sense which may as well be a bucket of shit.

Just say "I don't have any evidence," and leave it at that.  Don't make me embarrass you.

Mar 28, 2011 11:58 AM

Pu is not worse than Cs-137.

Pu's toxicity is exaggerated; one microgram will not kill all life on earth.  There is absolutely no real EVIDENCE as to the toxicity of this element other than some animal studies, some longitudinal looks at 1940s Los Alamos workers who inhaled this stuff, and some declass'd shit where they intentionally injected some of the terminally ill with 5 ug of Pu in solution.

Cs137 and Sr90 are the risks.  Pu contamination is expected as a result of liberation of reactor steam and possibly due to whatever fire happened before they started dropping helo water.

I would recommend that EVERYBODY HERE at least google Plutonium and start at a minimum on the wiki page, which in the case of elements, is generally highly-reliable and diligently sourced.  Do not rely on the "good word" of MSM talking heads to convince you of the risk of something.

Mar 28, 2011 12:13 PM

yes, it did.  However, the major contamination associated with chernobyl was not Pu-related; it was cesium and iodine isotopes, which are lighter and were carried far on the wind.

Mar 28, 2011 12:13 PM

they are doing God's work so He will protect them from radiation

Mar 28, 2011 12:19 PM

that is another good reference page.

Note how I did not recommend research here condescendingly...

However, when I see tmosely or bob respond with a suggestion I feed it to my children, well...I'm going to have to assume they're not in this for the education

Mar 28, 2011 12:22 PM

listen, dickhead, do the fucking research, ok?  It's as simple as that.

I LOVE how people on this site suggest that I be nicer and just as SOON as I do and present a fact-based statement and suggestion of further research, articulated in a calm and nonpatronizing manner, I am treated to shit like THIS post from you mocking me.

You retards simply CANNOT STAND any facts getting in the way of your hysteria, can you?  You're not HERE for discussion, education, learning; you're here to get group affirmation and feel righteous.

Mar 28, 2011 12:27 PM

i'm up to 4 junks and rising...for suggesting people do research.

Now we just can't have that, now can we? 

NOW HEAR THIS...NOW HEAR THIS...all members of ZeroHedge are specifically advised to avoid factual research at all costs.

The facts are like plutonium to this community

Mar 28, 2011 12:35 PM

no, plutonium is NOT the most deadly material known to man.

I would also like a CITE for your LD50 of 10 nanograms/kg.

You are a fucking fool, mosely...is there ANYTHING which you actually KNOW?  Fucking Cliff Claven

Mar 28, 2011 12:39 PM

not even CLOSE to correct.

The LD50 that cliff claven cites is derived from a zero-dimensional model where someone takes the total rad count from a chunk of Pu in terms of becquerels/gram and then puts that on a chart of whole-body REM dosage and sees where the LD50 is, as if every single becquerel of radiation from every single atom of Pu is absorbed in a whole-body manner.

It isn't even vaguely close to correct. 

Mar 28, 2011 12:43 PM

I don't suffer the company of fools, sorry.

I am gratified however that you people always seem to have me on your minds.  It gives me a nice feeling

Mar 28, 2011 12:45 PM

JFC...as if on CUE.

You people are COMPLETE MORONS.

He is cursing you the SAME AS I DO because of your IDIOTIC reaction to simple FACTS that serve to attenuate your fucking hysteria!

Mar 28, 2011 12:50 PM

jesus fucking christ...so when presented with the FACTS, you say "let us not split hairs"!?!??

The prosecution RESTS.  You idiots do not WANT the facts.  You want a group affirmation so you can all be paranoid and hysterical together.

You are WORTHLESS

Mar 28, 2011 12:52 PM

No shit?

The OTHER GUY said that the core was all over the parking lot.

THAT was what I responded to.

@ Rusty_shorts the workers on the fucking VIDEO shot at Fukushima the other day.

Mar 28, 2011 12:57 PM

wait, did you just decide to do the research?

10 ug is NOT THE LD50 of Pu.

there is NO EVIDENCE whatsoever of that.

If you right now google "plutonium LD50" you're not going to find SHIT for references to back that up.  What you WILL find are discussions of how ABSURD that 10 ug LD50 is.

Fuck, man, do you bother CHECKING SHIT before you open your mouth?

biological half-life is more like 200 yrs

Mar 28, 2011 2:03 PM

YES!!!!

Stuxnet somehow got injected into the continental plates and caused that earthquake...the virus then washed ashore in the resulting tsunami and then infected the systems at the plant.

Mar 28, 2011 2:08 PM

it was junked because it tended to attenuate, as opposed to reinforce, hysteria on the present topic.

think about it:  had I jumped on the panic bandwagon, I'd be in the clique and one of the best-liked posters on the board.

Nobody ever directly challenges my facts.  Instead you will see responses direct me to send my kids to Fukushima, and the rest will claim that by disputing exaggerations of fact that I am saying everything is A-OK and it's time to go for some ecotourism at plant #3. 

Mar 28, 2011 2:12 PM

No shit huh?

Guess what, cliff...I don't care!

If I have to choose between standing with the truth or being popular, I choose the truth. 

that is the difference between me and you, besides my extra 100 IQ points.

Mar 28, 2011 2:15 AM

you shut the fuck up.

Let the experts talk.  That means "not you."

Mar 28, 2011 2:15 AM

is there like anybody left around here who didn't already know as of at least a week ago that we had melted fuel rods?

And if discharge water has zirconium in it, that's as good a fingerprint as you're gonna get

Mar 28, 2011 2:15 PM

I'm here to get told to buy PMs

Mar 28, 2011 2:19 PM

Pu240 does spontaneously fiss

Mar 28, 2011 2:20 AM

quick question:  if I leave who the hell are you going to have to parrot shit from?

Mar 28, 2011 2:22 PM

I already advised people to google Plutonium.

Wiki has a toxicity section...there's another link downthread.

If you'd like, you may go to http://www.physicsforums.com/archive/index.php/t-156042.html

And read about how the 10 ng/kg LD50 was "concocted"

Producing sources is for people who make outrageous claims, not for people like me who state shit so ubiquitous that you have to be intentionally obtuse not to see it.

Seriously, man, suppose I didn't know what Pu's toxicity was and I wanted to verify Cliff's claim for myself (as you suggest you wish to do).  Is it really that hard to use that google toolbar, type plutonium, and press enter and see where it leads me?

If you just do that, check facts for yourself (teach a man to fish), you will pretty quickly realize that what I speak is the truth. 

Pu is nasty, sure...but the other byproducts are far worse in terms of their impact to humans and their dispersion and uptake characteristics.  Your body LIKES I131 and Cs137, Pu it doesn't really.

 

Mar 28, 2011 2:23 AM

Might wanna read up on the AVR accident.

Nothing is totally safe.  PBMR have their own failure modes.

Mar 28, 2011 2:28 PM

use teh google, Cliff.

BTW, it was your claim.  You didn't fact check it.

Even when asked for a cite, you provided a google which spits out results that REFUTE your claim.

You didn't even bother to read your own citations; we in the debate industry use a technical term for people like you:  "asshat."

You are quite lucky ZH isn't populated with other rationals...another forum I frequent had a guy who used to do exactly what you do, make claims, get refuted, post a google with cites he never read.  He was eventually pilloried by everybody as a fool, a trait you two share.

On ZH you can get away with "BUY PMs LOOK OVER THERE" and nobody seems to notice.

Mar 28, 2011 2:31 PM

http://www.physicsforums.com/archive/index.php/t-156042.html among all the rest.

You cite one book appropriately titled "culture of make believe" who does what you do, cites an LD50 for which there is no support.

Go to read about physicists telling you how that LD50 was calculated.

really, you ought to learn to read instead of trying to argue via google hits.

Did you check on who that author is?  Let me help you out here: "Derrick Jensen, activist, author, small farmer, beekeeper, teacher, and philosopher, is the widely acclaimed author of A Language Older Than Words and The Culture of Make Believe, among others'

Sounds like a fuckin NUKYALER EXPERT to me...I better pencil down the shit he says.

ROTFL@U again cliff!

Mar 28, 2011 2:34 PM

chumba, I like you too.

But cliff claven aka tmosely is not my equal by any stretch.  This is not a pissing match, it's a matter of fact.

I have heard offline complaints about mosely from people who are taken aback at his sheer stupidity in the face of his intellectual superiors.  We laugh at him.

There is no draw here; there is fact and there is bullshit.  Cliff wants to be on the side of bullshit; that's fine with me.  He gets roughed up as usual.

Mar 28, 2011 2:38 AM

Well, when you have so many free electrons getting shot about by your debris, how is an electronic device supposed to fare?

The bio robots were exposed to something like 120 Sv/hr up there, meaning they would have dropped literally flat dead even quicker than the mech robots.

Mar 28, 2011 2:47 PM

You're not known for it, consequently you rush in where fools fear to tread, and one of those places is an argument against ME!

You should know by now that I am fucking toying with you, bitch.

The thing you fear most is losing this "credibility" you think you have, but you only have it among people who know next to nothing and mostly because you tell them what they want to hear about PMs.

Stop overreaching and trying to be an expert in things upon which you have no knowledge.  If you only KNEW who some of the people are who you are fucking with on here, what their backgrounds are, and how GROSSLY outmatched you are in nearly any discussion with them, you rightly should feel shameful that you are even speaking.

I'll let you in on a secret, all of you...one of the reasons I do what I do is because I like to set traps in arguments.

NOTHING makes me more smug than stating a fact which I know to be true (but without supporting citation) only to have someone like you come back telling me I am full of shit.  And then you run out and try to back up your own claims and find out to your chagrin that everything I said was supported and that YOU are wrong.

I ENCOURAGE people to run right out and try to disprove what I say.  Do you SEE ANYONE DOING IT, CLIFF?  EVER?

You sure as shit ain't.  The best you can do is a spray and pray google full of cites which if you had read them would have shown you how wrong you were.

Please, everybody...PROVE ME WRONG.  I double dare you.

And I never said everything was "no big deal."  Ever.  Don't put words in my mouth, son.

Like me or not, you too will begin to accept what I say as fact.  It's good for you that I am not a liar.  Many others, far better and smarter than you have gone down this road only to finally understand and make peace with this.  So will it be with you.

Mar 28, 2011 2:49 PM

LOL me neither

if I's can change...and you's can change...EVERYBODY CAN CHANGE

hahahahahah

Mar 28, 2011 2:57 PM

wow...holy crap; never thought I would live to see a post like this from Chumba. 

Sure it's my approach.  I am not here to be meek...let me ask you:  what happens to the meek who present facts then slink away when they get junked?  The truth gets drowned out, the facts sink under the rising tide of groupthink. 

I believe that some like you are here seeking truth.  But I have lately realized what I should have known at the outset- most are not here for that.  They are here for the same reason birds of a feather flock together and that is to "belong."  I'm not here to belong.  I don't need virtual friends; I have the truth as my ally and a powerful ally it is.

People who are here to learn have my respect and will be afforded it.  Those who are like Cliff Clavenmosely get the hose.

There are others who have not taken my approach and aren't flipping the bird with their avatar; answer me downthread whether they got jumped on just like I have.  You'll see that they have.  ANY message contrary to the groupthink consensus position is attacked and the messenger smeared immediately, and usually by a select few attack dogs.

And yes, I use that avatar to intentionally get a rise out of people.  Perhaps it is too much to expect ordinary people to not be so pavlovian, but they either get led to it or they get led to slaughter. 

Mar 28, 2011 3:10 PM

sure man, I assume you're talking to me.

Look downthread where I encouraged people to research Plutonium.

How many junks am I up to?  Look at where another guy did the same thing...how many junks is he up to?  The attack dogs jumped all over him for refuting the "one atom" claim.

Where was anyone to defend him?  The weight of groupthink here grows by the day and it simply overwhelms people.  However I am like a wolverine and I simply won't back down, I won't shut up, I won't go away and leave the discussion to be steered by ignorants like mosely-claven.

There are some among us who know a good deal on certain topics.  Do you not see how "just STFU" starts to creep into everyone's vernacular who defies the conventional ZHeeple wisdom, even among Ph.D.s?

Why don't you try it?  Post something stating that plutonium isn't as big a risk as some have said it is and see what happens to you.

It's well and good to criticize those who are putting their own necks out there and taking the abuse when you won't, nor will you defend them.

This board is an interesting study in group dynamics; there are clearly those who support my positions and sympathize with my manner, but they are AFRAID to speak for fear of being ostracized.  If someone posts in support of me they get the shit junked out of them and an attack dog tells them they are my shill, sockpuppet, etc.

Is this not a classic echo chamber where conformism is enforced?  There is overt HOSTILITY here toward the truth and it matters not who speaks it.  I or anybody else goes contrary to groupthink, we get attacked in the same way.

My position is that people who don't know should not speak.  That may sound revolutionary in 2011 that your opinion has no worth and should not be voiced, because we're taught from day one that everyone is "entitled" to their opinion.

I am swimming against a tide of decades of groupthink reinforcement here and I know it.  And it is *unrealistic* for you to expect that if I would just soothe my manner with some type of siren song that I could in any way persuade the Clavens around here of my veracity.

In fact, by being abrasive, I am doing a service to you.  The truth hurts sometimes; with all the apocalypse EOTW TSHTF talk I would expect that everybody hear grasped that.  When things "come down" Mother Nature won't be any more soothing than I am.  Better get used to it.

Mar 28, 2011 3:15 PM

I've been proven right by developments at the site.  The things I said they needed to do, ended up happening a couple of days later.

I expected Pu contamination and think I said so.

You have to clear your head and read what I say not what you think I say or wish I were saying or want me to be saying.  I'm not the face of your strawman

Mar 28, 2011 3:17 PM

thanks.

half a kilo ingested...lol

20mg inhaled in one month. 80 ug of fine dust particulates...a far cry from 10ng.  And the cancer would happen 40 years later.

Compare to caffeine or nicotine.

Mar 28, 2011 3:26 PM

if your IQ were 161, then yes, Cliff I would have an IQ of 261.

We both know that neither of these facts are actually true, first because there is no way you scored a 4 sigma IQ on any real test and 2ndly because SB long form doesn't go up to 261.

Mar 28, 2011 3:26 PM

Cliff that "anyone and everyone" is mostly YOU.

I have at no point said the situation wasn't serious.

In fact last week I said it moved from "dire to desperate."  How much more precise verbiage do you require for articulation?

I don't hate black people in the slightest.  I disclose what you would call "hate facts" about them.  Like the ratio of black on white to white on black rapes, which is approximately infinity.

People like you want to believe that everybody is the same, but when you have a hate fact like that shoved in your face it makes you angry.  Don't blame me, blame the people committing the acts.

Mar 28, 2011 3:30 PM

Cliff; don't be so transparent.  You want me to leave because I have exposed you for what you are- a dilettante.

If you want to start rehabilitating your credibility, start agreeing with me.  I know it's a bitter pill to swallow, but you need to take your medicine now.

Mar 28, 2011 4:10 PM

You do understand that you need to SUPPORT a claim, right?

Nobody knows the real LD50 for Pu because it hasn't been studied.  However, it is clearly far higher than 10ng which was sourced via the manner I said it was.  And teh google you pulled demonstrated that, if you had read it.

There are some updated estimates posted downthread from some of the places I suggested you look.

So, you've fallen on your face again; aren't you getting tired of that?

Mar 28, 2011 4:10 PM

that was just a START for you, Cliff.

I expected that you would have looked at some of the other cites, such as physicsforum, etc.  I guess I expected too much.

Mar 28, 2011 4:11 PM

I already did.

Why don't you google plutonium LD50 and go from there?

Mar 28, 2011 4:15 PM

haven't you figured it out yet, Cliff?

there is no LD50 for Plutonium.

Got it?  There are but THREE sets of studies, AS I REFERENCED, which can even be used as a GUESS as to its LD50.

Suffice it to say that they DO completely refute "10ng," so you can find something else to fall on your face about now. 

Mar 28, 2011 4:20 PM

You're not tired of making a fool out of yourself?

CITE where I said nothing was a big deal?

In fact I was one of the ones who said the reactor had possibly breached a WEEK AGO (still unconfirmed).

the claims you make are UNSUPPORTED...is this habitual or do you just like looking STUPID?

Fuck off.  By the time this is done, you will be the laughingstock of ZH.  You have no credibility.  You can barely open your mouth anymore without having the stupid shit you say shoved right back down your throat.

Mar 28, 2011 4:23 PM

look downthread...there are probably a dozen.

Don't ask me for cites if you can't read what's in front of you.

Mar 28, 2011 4:27 PM

yeah sorry...misread it as 500g

Mar 28, 2011 4:33 PM

you just accused me of being a paid corporate shill?

Do you have a SINGLE fact to back up this claim?

Look I already know that you don't, you bitch, so don't waste your breath.  You are among the worst kind of ZH poster because you are not who you claim to be.

Mar 28, 2011 4:38 PM

You are a fucking LIAR.

I now have absolutely NO respect for you or anything you say.

This tactic you're pulling to try to rally your friends by shouting paranoid conspiracy bullshit is shameless.

You are a FRAUD, Cognitive Dissonance, a complete FRAUD.

You are attempting to discredit me by saying I am a psyop; if anyone here is the psyop it is YOU.

Rebut my facts?  No.  Slander me as an "enemy of the revolution," yes. Your Stalinist tactics will not go unchallenged.  Continue this shit at your own peril.

This Fukushima disaster has been a really good eyeopener for many as we watch people who used to be respected ZHers come unglued.  Mosely-Claven is now known to be completely full of shit on every topic and has completely destroyed his credibility and now you seem to wish to do the same thing.  Amazing.

There is NOBODY here who believes that I am a psyop...even you don't believe it.  But here you are lying your ass off trying to get people to believe it. 

Go fuck yourself.

Mar 28, 2011 4:44 PM

I agree...I guess I should have known it was a matter of time before when challenged, CD would pull out the slander tactic, but I am really surprised by the cravenness of it and the premeditation of the attacks.

I really don't care when someone like bob or mosely-claven disagrees with me because they are idiots.  But, CD was supposed to have earned some respect and blathered about how much of a freethinker he was.

Yet, as self-proclaimed behavior cop, where was he to interject on behalf of those telling the truth?  NOWHERE.

Who did??  CHUMBA did.  Fucking Chumba.  And there are a few baghead icons who've piped up (only to be called psyops or sockpuppets).

CD has his own agenda and it's to create a forum like Douchinger has, where HE sets the message and everyone sits around like happy puppies listening to the guru.  He is now ACTIVELY stifling dissent by trying to silence dissenters.  Fuck the revolution; this isn't a revolution, it's a group of people who want to be the New Boss.

If Durden has any scruples, he will revoke CD's posting privileges and tell him to GTFO.

Mar 28, 2011 4:48 PM

You're factually in error.

I said that MOX wasn't the black death as you claimed it was.  I said it was not much different from ordinary U fuel.

I was right; you weren't.

I at NO point claimed that #3 didn't have MOX fuel and I would never have done such a thing without fact checking BEFORE I said it.  That is how I do things.  Facts first, THEN speak.  And in doing so, it would have been immediately apparent that MOX was present in #3; that fact was obvious.

So far you have only that I misread 500mg as 500g.  You need to do better than this.

Mar 28, 2011 4:54 PM

Awesome...another set of non sequiturs.

The fact remains that your original statement was false.  I do applaud you for indirectly admitting that.

But now you hope to deflect attention to that by saying that I don't know about other Pu isotopes?  Really?  Are you stupid enough to think this will work?  We should take a poll to see if anyone believes that *I* do not know about other Pu isotopes.

Continue on tmo--there is no escape for you now.  Your own pride will be your downfall.  You simply cannot resist proceeding headlong into the trap I've set for you.  I am going to literally take you the fuck apart.  The only chance you have to save yourself is to shut up and retreat.

When I am done with you if you say the sky is blue nobody is going to believe you.

Mar 28, 2011 5:04 PM

check the stats on same race rapes white versus black.  You will find out that you are not entirely correct.

Mar 28, 2011 5:13 PM

Let's decompile, yeah:

"But not to worry: just like in Japan and everywhere else in the world, this radiation is of the special "Ann Coulter" variety which actually boosts one's natural healthy glow and facilitates a prompt chromosome doubling courtesy of supposedly uber-benign mutation, and after all: more is better, so surely 92 chromosomes is much better than just 46 diploid pairs:"

TABLOIDESQUE.

Stick to the facts, and stop the crap.

Mar 28, 2011 5:17 PM

did I hit a new PR?

Raise the junk limit, I am goin for THA RECORD BITCHEZ

Mar 28, 2011 7:29 PM

Bama has the internet kill switch; don't expect network sensors funded by govvie to be online if shit goes south

Mar 28, 2011 7:32 PM

specifically, what information have I put out that has been rebutted?

Mar 28, 2011 7:33 PM

really, dude, you're reaching.  Don't make a fool of yourself like that

Mar 28, 2011 7:34 PM

I stopped reading Jewms Kuntsler awhile ago...is the world still ending this week in CuntslerFuck Nation?

Mar 28, 2011 7:37 PM

another topic for you to make a fool of yourself, i see...don't let a topic go to waste, Claven.

Maritime ASW versus wartime...you might wanna do a little research on this before speaking again.

Mar 28, 2011 7:40 PM

3 junks for the truth LOL

Mar 28, 2011 7:44 PM

even with I131 blowing over, it's still cleaner than the air in China LOL

Mar 28, 2011 7:46 PM

wtf...I have never junked a post in my life.

Maybe once as a joke but never seriously.

Unlike some, my life doesn't revolve around ZH.  I post here when I can.

Mar 28, 2011 7:48 PM

I remember reading about those divers 4 or 5 years ago when I was researching Chernobyl...talk about a scary fuckin mission. I can't even imagine.

Mar 28, 2011 8:16 PM

nah, Pu is found in nature in relatively tiny amounts.

Nuclear fission actually took place in nature too.

Mar 28, 2011 8:22 PM

5.5 days now, Cliff.

You have 5.5 days "tops" for everyone in Tokyo to be dead or evacuated.  That was your prediction.

When it doesn't happen, it will be yet another in the gigantic list of shame that is your "greatest ZH hits"

 

I see you've retreated from your apocalypse calls to just "fucked"  WOW.  No shit huh?  Japan is fucked...your brilliance is astounding.  No shit they're fucked, dude.

Mar 28, 2011 8:36 PM

most likely that the water they poured in went out through busted piping below.  The cores melted; everybody knows that, it was disclosed.  The question is whether the cores have melted through containment.

The Pu in the soil my best guess came from that black smoke we saw or else was carried out via the hydrogen explosions.  Remember that spent fuel rods contain plutonium; the exact source of this could have been any MOX rod, or any used rod, of which there were thousands in the SFPs

Mar 28, 2011 8:42 PM

SFRs are known to sometimes undergo fission...read about the blue flashes from these things.

Also, Pu240 which is a reactor byproduct, spontaneously fissions.  This is why atomic bomb material must be rigorously pure; any presence of this isotope could set the whole thing off

Mar 28, 2011 8:51 PM

this isn't really true.  Cs137 is a beta emitter.  Not gamma.

Just don't eat anything grown there.

This entire clusterfuck would be a lot easier to forecast if we had decent data on what was being emitted and what the rad levels were at various places

Mar 28, 2011 8:56 PM

How much plutonium is enough to fuck your world up?

Regardless, back to my first question. What if I was in Japan?

Yet when people try to answer these questions for you, you derisively accuse them of "devolving into minutiae."  Do you want the facts or don't you?

Mar 28, 2011 9:04 PM

Only credibility ruined around here is yours, Claven.  Start with where you characterize those who have woodshedded you as being shills who want people to trust the government.  Nothing is further from the truth, yet you persist in bullshitting.

You have 5.5 days "tops" and that was just one for the highlight reel.  Nevermind the rest of them.  Essentially all of what you say is total crap, sourced from your ass.

Stick to saying "buy gold," at least you got that one right.

Reactors may or may not be breached; there is more than one potential source of plutonium.  The zirconium in the waste water suggests either a breach OR a failure in outflow piping.  That it is downpipe in the turbine buildings strongly suggests the latter.

That the cores melted down was stipulated by TEPCO a week ago.  That there were reactors possibly breached, jeez, who was it who talked about that...oh yeah, I was I who did when I noted the pressure readings matched 1 ATM about a week ago, maybe further back.  I said "this is evidence of primary containment breach."  In fact I said it more than once and I recall probably Sudden Debt making a crack about radioactive yen coming out of the ATM.

Mar 28, 2011 9:09 PM

would you sit back where people talked shit and because the people hearing it didn't want to hear the truth, say nothing?

There are people here who do want the truth and they are not served by having bullshitters, dilettantes, and idiots misinform them.

I don't know who the "no big deal" crowd is...despite nearly constant reference to them, by you, a lot of others, and one of the incarnations of the site host, I am yet to see ONE of them.

Consequently, they are a strawman.

Mar 28, 2011 9:12 PM

wrong.

China's water supply is heavily polluted in many areas.  There are posters here who can recount reading "water unfit for human consumption" on signs in nice hotels.

Hell, have you not been to Mexico?  The water ain't drinkable in most places in the world.  Not a great situation but neither uninhabitable.

The solution for Japan would be filtration.  Again, NOT optimal but NOT the worst possible outcome either.

Mar 28, 2011 9:13 PM

weren't his grades better than SKerry's?

Mar 28, 2011 9:19 PM

I'm not going to make wild speculation without facts.

1000x worse than Chernobyl is a bit of a reach; I could see it getting worse than Chernobyl and I stated how that was possible and what would need to happen for that eventuality to manifest back at the outset of the crisis.

1000x worse means 1000x as much area contaminated, 1000x as many deaths, 1000x as much radiation released.  Yeah, I pretty much am not "on board" with that lol

Mar 28, 2011 9:22 PM

You stupid fuck.

I answered your question:  THERE IS NO KNOWN LD50 FOR PLUTONIUM.  There are only guesses.

Are you so fucking stupid as to not understand this yet?

NO, it is not 10ng, which is what you claimed.  YOUR claim was wrong, like most of the claims you make.  Why are you even still speaking?  Do you wish to embarrass yourself further?

I also told you exactly how that 10ng figure was concocted and pointed you to external references for you to fact-check my claim.  Yet, still, HERE YOU ARE claiming it never fucking happened?

Cliff, you are a CLOWN, got it?  I post insults to people like you, who deserve to be insulted.

Mar 29, 2010 1:04 AM

Wiki the Irish Great Famine and tell me that this doesn't look like genocide and slavery to you, along with forced explusion.

How in the hell is this different from the black or jewish experience?  There are less fucking people in Ireland NOW than in 1840.

Have you ever heard this story?  Does it have commercial free movies that get slathered with Oscars?  Do you see the "no Irish" signs as part of a history month?  Anyone talk about Coffin Ships and the sharks that used to swim behind them looking for a predictable meal?

I'm sick of the monolithic narrative...there is no real diversity in power in this country.  Our parasite class only got stronger.

Mar 29, 2010 1:07 PM

I agree...

Executives have turned corporate America into their own personal Disneyland.

This type of rampant malfeasance did not occur when unions were not corrupt and coopted and dividends were paid.

While the credit crisis isn't directly attributable to incentive pay.  The .com collapse sure as hell was.  And that transformed the business climate.  The bankers saw that oh shit if we game the system real hard, we too can make megabillions.  They used the tools provided by the Fed and Congress to do .com shit with banks.

This nation was a better place with a 25:1 CEO pay multiple, both less money for the CEO, more for the rank-and-file, and the profits disgorged to the OWNERS of the company (shareholders) via dividends.

Anyone here have a business?  Do YOU let your management decide to pay themselves ALL of the profits of the business you own???

Where the fuck have the pensions and mooch funds been all these years to stop this

Mar 29, 2010 12:23 AM

Well, here's an economic theory:  things are not "that" bad.

What is happening is that, yes, for 95% of the people out there, it's a terrible recession.  We are seeing a hollow "recovery" just like in 2003, except even hollower.

The people I know at the top, the true 1%ers, are doing better than ever.  The people below them are doing worse, and the people in the bottom 90% are getting crushed.  None worse than those in the bottom 50 or bottom quartile.

The government is now paying their wages.  So, they are going to respond by taxing those at the top.  This isn't totally inequitable, as the fking system has created this situation.  The real problem is that all the ingredients that made the middle class are now gone.

The unions are gutted and have been co-opted to such a degree by the political elite that their leadership are now MEMBERS of the elite.  The unions are run just like any corporation, as the personal playground of its executive class.

At the same time as this was happening, boards began forming tight interlocks and now have conspired amongst themselves to put all profits into executive hands, instead of paying dividends, which was the case during most of the heyday of the USA.  Cash *used* to go to pensions and dividends, leaving not a whole lot for the executives.  This was why the pay multiples of CEO to rank-and-file were 25 or so for 30 years, then blew out from the 80s onward.

The solution is NOT to have the government try to tax it out of the top 1% and then redistribute it, because every single government solution involving money always draws corruption and the same elite parasites as it always has.

But, those who are in "power" and seek to rectify the stratification truly know of no other way to try to "accomplish" it and their faith in gov't is so unshakeable that they cannot accept that they will merely create another trough for the hogs.

We will get our hollow 2003-07 recovery redux, a shorter one this time, a hollower one, until the sovereigns start to blow up.  The last deflation was hell on the leveraged - the banks.  This next one will take out the leveraged sovereigns as well.

But, as energy demand destruction permits additional economic activity now, and the supply curve is overhead by 2-3mbdp, there will be apparent "growth."  When we ram into the curve again, and oil again spikes, the next wave down will be like the previous one, except worse.

The NG glut is currently subsidizing our energy equation...that won't last forever.

Mar 29, 2010 12:23 PM

gord, abitchez

Mar 29, 2010 12:25 PM

Oh jeez...more of this "them Chineez Commies are just so much smarter and more clever than we are" shit.

Look, man, the CCP is a paragon of CORRUPTION and stupidity.

They run a massive inflation and mercantilist ponzi over there.

Mar 29, 2010 12:32 AM

The biggest destruction was wrought by giving economics the respect afforded a real science.

EVERYthing to these guys revolves around their silly interest rates and imaginary "capital."

Let's you and I buy and sell the same thing back and forth and push GDP to infinity.  Even their goddamned metrics are effed up, nevermind the foundational QTM equation, which is a JOKE.

Greenspasm is an Israeli, like the rest of 'em isn't he?

Mar 29, 2010 12:42 AM

Do you mean that there is another financial collapse with jewish fingerprints all over the scene of the crime?  That where you're going with this?

Yes, I know that the bavarian producers in the Weimar period called the marks "jew confetti"...members of the clan form a rather pervasive interlocking directorate.

No conspiracy suggested but rather odd nonetheless that the media establishment would advance the agenda of advocacy groups like the NAACP, founded by unrelated clan members and who contracted Bernays to do their propaganda work.  They got each other on speeddial or what?

Nothing an Asheknazi IQ and heaping dose of clan nepotism can't accomplish, and yeah a lot of this shit started long before Reinhard.

Mar 29, 2010 12:55 AM

Don't stop there.

Go to the original politburo led by Lev Bronstein, err...I mean Leon Trotsky.  A little over half of them were clan members.

You've got 5/5 major Hollywood studios founded by clan members.  Antiwhite advocacy groups like the NAACP.  Look at their history and leadership until 1973.  Nevermind the other ancillary ones like the SPLC and whatnot.  They still haven't turned over the reins.

The father of "psychiatry," as well as the father of propaganda.  And many of them worked together to help the ole clan out or for this or that member to get rich.

The two main antagonist parties after the Weimar collapse with its "jew confetti" were the NSP and the Communists.  The latter was associated very heavily with the clan, given its origin with the Bolsheviks.  In fact, marxism worldwide was associated with the clan and was spearheaded by it.  Here, Europe, all over.  No freakin clue as to the affinity, Marx was only 1/2 jewish. 

I have this conversation sometimes with some of the clan I know and there are those who recoil at having their face on the poster of this catastrophe.  They really wish there was a little more heterogeneity in the principals, because they see potential for this to lead into another really dark place, like Belzec dark. 

I would much rather see these criminals just jailed, and if that's not equal opportunity, then so what?

Mar 29, 2011 1:03 PM

AGAIN, the evidence of fuel being blown all over would be incontrovertible.

There'd be no films of workers; they'd have dropped dead on film.  Please review the Chernobyl Battle video, you can watch liquidators go onto #4 roof and scoop up core components with shovels.

They were alotted 45s at a time, initial estimates of 70 Sv/hr, meaning about 1Sv absorbed dose per trip.  Subsequently, 70 was seen as too low, it was more like 100-120.  Some of these guys broke into spontaneous nosebleeds upon coming back down, others literally collapsed.  Had someone stayed up for as long as workers are seen on the video standing next to the plant building (assuming core and SFRs were all over the place), they would have dropped dead on film.

Mar 29, 2011 1:14 PM

Congress has made a political calculation.

If the war doesn't go well, they can blast the President of presumably the opposing party who is running it.  If it goes well, they can still blast him and say "we didn't vote for this."

Congress goes out of their way to vote on nothing whatsoever, especially anything that would hurt reelection chances.

Mar 29, 2011 1:22 PM

eh...nuclear power is heavily energy-positive, but the breakeven can be long, like 10+ years.  And it certainly doesn't compare to surface oil at 100:1, not even close.

This is why they run these plants for 40, 50, 60 years now.  It increases the EROI.

Solar is what is barely energy positive given that half the time it is dark.

Mar 29, 2011 1:22 PM

I know, every time I read this I go WTF.

But temperature is sort of passingly relevant in terms of as a parameter for neutron cross section of some of the fissile materials.

Mar 29, 2011 1:31 AM

4 of them.

None.  No evidence of rods blown anywhere.  Available Pu data suggests no rods.

None.  No evidence yet of containment breach via meltdown.

Irrelevant.  No evidence yet of SPF escape.

No evidence of Pu in the air.  It would end up on the ground.

 

Now give me the timeframe for when MILLIONS will die.  Moron.

Mar 29, 2011 1:37 AM

don't try to weasel out now, Cliff...

what you said was pretty clear, that absent a Berlin airdrop of water to Tokyo, in "one week tops" that "everybody will be dead or evacuated."

I timestamped that at 1344 EDT on the 26th.  The posts aren't going to vanish into the ether, much as you'd like them to.

This is but one of the legion of stupid shit you've said as you've embarrassed yourself shamelessly and unabatedly on these topics.

The problem is that you're NOT an expert.  With rubes around, you can sure appear to be one, but you've always been a dilettante and pretender.  Once someone with real expertise shows up, you forget that you are a rank amateur and not particularly knowledgeable and your ego and bluster get the better of you and you just won't shut up.  Consequently, you get made a fool of over and over and over again.

Mar 29, 2011 1:37 AM

Do i really need to deny every single absurd accusation?

Is this the best you can do, when you can't answer the points, you start calling people shills?

Mar 29, 2011 1:40 AM

when I see him attribute statements to people that they did not make, I call that lying.

Mar 29, 2011 1:40 AM

Cliff you are so pathetically transparent.

Your desperation to rid yourself of people who embarrass you daily is bitchlike

Mar 29, 2011 1:48 AM

one of us is right, the other is wrong.  That is the problem.

I don't question bob's good faith, I question his sanity.

I'm the only one with an ego here, just ask around

Mar 29, 2011 1:48 AM

Neither A nor B are inconsistent with anything I've ever said.

C is complete bullshit as i never claimed this would be easy.

Just fuck off and go away.  Find yourself a nice PM thread to hold court on.  You're of no use on this topic as you are an imbecile.

Mar 29, 2011 1:50 AM

even nuclear fission took place in nature and Pu actually occurs in nature as well, albeit in very small quantities.

Mar 29, 2011 10:28 PM

borax is a salt of boric acid, is it not?  Mix with water, pour.

Wiki lists among other uses of borax: "Neutron absorber, used in nuclear reactors and spent fuel pools to control reactivity and to shut down a nuclear chain reaction"

Naw, I think I meant what I said...

Mar 29, 2011 10:33 PM

heat should retard criticality...see "doppler broadening"

Mar 29, 2011 10:42 PM

idiot...I watched that docu on PBS when it was out.

Being inside the sarcophagus and having direct access to corium flow are two entirely different things.  You can't just walk the fuck up to lava; they used remote cameras and shit on poles to look at it.

Notice how they stick a dosimeter downhole to look at this shit.  The lava was similar to the crap up on the roof, and it would have killed liquidators dead if they had stayed up there for about 2 minutes.  They'd have collapsed and ended up being shoveled overboard.

They can photograph, film, or tape the lava, but it is too radioactively hot for them to just roll up on and fuck with unless they want to die.

You're too desperate now to show me up, bob...maybe you should take a vacation

Mar 29, 2011 10:58 PM

most of the big arguments started when I asked people to support their claims with some evidence...

Mar 29, 2011 11:02 PM

I'm not...men should do this and men should do combat.

Women just shouldn't say that "men did this," yeah, ok we did...but we kept women's icrap on and made those buildings so women can put a pantsuit on and pretend to work all day in almost zero risk.

watch the new coal miners reality show or the axe men or deadliest catch...or when the power goes out in a huge storm, go look at who's in the bucket.  The world owes men and especially white men a huge debt for all that has been done.

Mar 29, 2011 11:15 PM

Good thing I131 has a short half-life lol.

Much much more concerned about Cs137

Mar 29, 2011 11:42 PM

pissing on congress like that is a good way to lose what allies you used to have. These people have enormous egos and regard not being consulted as a huge slap.

Mar 29, 2011 12:41 PM

wtf?

Look when I explain in my own words I get bitched at for not providing cites.  When I provide cites I get bitched at for not explaining in my own words.

A "low yield dud" is a nuclear explosion.  Sufficient amounts of Pu240 with Pu239 will cause criticality.  That's a fact. 

You never asked me to explain the stages necessary to detonate a fission bomb.

Mar 29, 2011 12:46 PM

yes it does matter if the LD50 is 10 ng or 10mg.

It matters a lot actually.  That was explained to you, but you don't get it.

Your post can be distilled to "who cares about the facts, things are baaaaaaaaddddddddd ZOMFG"

Don't expect respect from anybody if that's your tack.  And I don't care if you admit when you're wrong; I really rather like seeing people like you thrash about like fish out of water.

Mar 29, 2011 12:52 PM

but if I'm absent for even a few hours, suddenly the rumor mill starts to spin.  A large ego isn't a logical fallacy.

I am not one to back down when called out especially when it's a low commitment of effort by me such as typing.

Mar 29, 2011 12:58 PM

control your own anger.

And don't act as if this phenomenon is confined to this topic.

You are routinely derisive to people even as they struggle to restrain themselves. 

Your errors are not my fault and perhaps you should look in the mirror.  You don't see ME complaining about anyone's bedside manner.  I don't complain about getting junked.  I might point it out in retort to someone like CD when he accuses me of being a "psyop."

Mar 29, 2011 12:58 PM

this is precisely what I meant when I said nuclear fission had occurred in nature.  I was hoping someone would jump on me and call me an idiot.

But if I listed a link to it, surely I'd have been called "Mr. google" again.

Mar 29, 2011 2:08 PM

you may be the wrong color to receive any modifications...

Mar 29, 2011 2:11 AM

Does that mean I could beat bob and cliff's asses instead of having to argue with them? 

I'm not sold that you can lead people to the truth...most people hate the truth.

Mar 29, 2011 2:14 PM

same boat since I sold my house.  If you don't pay rent the sheriff comes and puts your shit in a trailer or on the curb.

If you don't pay your mortgage, the Fed prints money to throw at the bank that owns it.

Problem is now is that anyone who wants to "buy" at this point forward is locked out of this scam; they will demand substantial money down unless you are the right color or right demographic. 

So for the people who overbought in the good school districts and whatnot, party on.  Everybody else gets to suck it

Mar 29, 2011 2:17 AM

Cliff and bob, right on cue.  LOL.

You are such a tool, cliff.  I guess we can put internet psychic on the list of things you totally suck at.

Mar 29, 2011 2:21 AM

wow..what a total screed, lol.  You should go easy on the booze man.

just say BP or GOM next time...our gov't played with kid gloves too.  All of them do.

You think The One wanted to get his hands oily with the GOM?  Hell no; it was politically more expedient to let people potentially die, let shit get all fucked up and just wag his finger at BP while he gazed into the future in between golf outings.

In Japan, the politicians don't want ownership of this.  Nobody takes risks. 

Mar 29, 2011 2:32 AM

I told you the same thing he just did, yesterday, the day before, the day before, and the day before.

You didn't listen.  You responded with crap.  So you get the hose.

There are people on this thread asking questions and having discussions and I am not abusing them.  I abuse YOU, cliff, not because you are stupid but because you are a stupid asshole and a pretentious cunt.

Mar 29, 2011 2:38 PM

working and saving has been a fool's game for 30 years.

If you speculated and spent, you came out far ahead.  This is a direct consequence of the financialization of the economy.

Why produce anything when you can participate in a ponzi scheme run by the government?

Mar 29, 2011 2:44 PM

Over/under on equivalent "no-fly zone" in Syria...

Mar 29, 2011 2:52 AM

Regale you again?  Ok, douchebag.

good case in point for the group to see...abuse returned in kind, not initiated.

I said nothing abusive to you, Cistercian.  And you are mocking me here?  On Pu 240 no less?

ok, http://nucleargreen.blogspot.com/2010/01/nuclear-proliferation-devices-and.html

Read down the page on Pu240; hell, I will quote for you:

"For weapons designers, Pu-240 is a bad thing. If spontaneously fissioning Pu-240 is mixed with Pu-239, neutrons from the Pu-240, will start to trigger the fission of the Pu-239. If enough Pu-239 is precent, this can trigger a nuclear explosion, although one which might be of far less power than would be expected in an plutonium based nuclear weapon. In nuclear weapons the timing of the beginning of the nuclear explosion is very important. If the trigger goes off too soon, the explosion can lose most of its potential power.

If Pu-240 is present in a plutonium based bomb, its neutrons will trigger a premature explosion of a Plutonium based weapon, compromising its military effectiveness."

Every other link you might find on "Pu 240 atomic bomb" will tell you the SAME THING.  Here's another, more scholarly one: http://www.chemcases.com/nuclear/nc-09.html

Pu240 spontaneously fissions and generates neutrons from the fission that will cause fission in other fissile materials.  Consequently, the presence of significant quantities of it (>>1%) in a nuclear pit is a detonation risk.

Am I being clear here?  Are you sufficiently regaled?  Or is this the "projection" part where I don't know shit but I talk a lot?

Mar 29, 2011 2:56 AM

Chernobyl data is unreliable.  Greenpeace claims 1M, which simply isn't credible.  The Soviets claimed a few thousand which isn't credible either.

So either I must accept one of these flawed claims or the other?  This is a false dilemma.

Mar 29, 2011 3:12 PM

this is like the 3rd or 4th double top?  Some were calling the "triple top" the last time.

The way I figure if the chinese want to buy, who's gonna sell?  The paper markets aren't actually backed by equivalent ounces and the chinese are buying the physical.

If the demand is there, the demand is there.  Doesn't seem like demand has crashed when price plunged lately.

Mar 29, 2011 3:24 PM

DROP THE PEG THEN!

<crickets>

Mar 29, 2011 4:01 PM

at least after the lava flows, it will disperse and cool much more rapidly.  This seals the fate as far as entombment goes.

One might conjecture that a big risk they faced was that the control rods melted or they had other neutron absorption failure, perhaps even the rods got bent and didn't fully insert.  This placed them in a catch .22 where they needed cooling but couldn't inject regular water because that would moderate the reaction and restart fission.  Dunno how much borax they poured in or even had available but the last thing they needed was more heat.

Again, prevention of fire and explosions leading to radionuclide excursion remains their biggest priority.  The reactors are lost.

Mar 29, 2011 4:11 PM

It'd be made in vietnam or some other country that would peg.

china may not realize this, but nobody is playing their "technology sharing" game any longer.  Japan figured this out as has Germany and even the US.  The core IP is kept closely but they use China's labor base to get construction done cheap.

China has a manufacturing base so long as it is useful for them to have one.  If they won't play ball there are always 1.2B indians and hundreds of millions of other SE asians.  It's useful for multinationals that China's gov't has overbuilt factories and has idle capacity and empty cities.  It means that margins won't compress.  If factory 1 tries to raise prices, the owner of idle factory 2 might be persuaded to give a better deal.

Nobody wants cloned Chinese cars, cloned Chinese airliners, or Chinese fighter jets featured in "top gun" ripoff clips.  What they do want is Japanese, American, Korean, German designed and engineered products made by chinese worker bees.

Mar 29, 2011 4:14 PM

not sure I can agree with that.  I mean, long term, sure, trade flows simply have to normalize; the center cannot hold.

But China is sitting on a seemingly perpetual need for credit inflation.  You know how ponzis work and their economy is one.  I'm sure they imagine there is some self-sustaining plateau they will achieve "someday," but it seems clear that isn't today.

Mar 29, 2011 4:36 PM

yeah I have watched it...how does it render my post useless?

Once the lava got out of the core, it cooled more rapidly *because* it dispersed.

Mar 29, 2011 4:48 PM

Gee; he's only like a week late.

I would suggest at this point like I did last week, that the government needs to ensure that backup generation capacity can be airlifted within a 6-hour window.  PERIOD.

When we read nuke plant workers talking here about US diesel backups getting basically forged inspections and snapping their effing crankshafts when they go to a power test, wtf?

I mean we seem to do panic responses OK over here, but wtf if the power was torn out from a US plant?  Same shit as FD1.  They'd go to diesel, cranks snap in half, go to batteries, twiddle thumbs, 6 hours later boom.

There is no room for cronyism and cost-cutting where nuclear power is concerned because the tail risks are immense.  Anyone caught bullshitting through a safety inspection should be beaten and then shot.

Mar 29, 2011 4:48 PM

make it "Fukushima, mon amour"

Mar 29, 2011 4:58 PM

well it wasn't sensationalist.

And it's bad news but not TEOTW.

You'll recall I said over a week ago that they should basically let the cores melt; I thought at that time that it was inevitable.

If it's true that TEPCO was going to abandon the facility at day 3, they should be hanged; I mean that seriously.  This would explain their inability or unwillingness to do anything at the outset of the disaster and why there were whispers that the US "strongly suggested" helo water drops and fire hoses.

Mar 29, 2011 4:59 PM

lol...I am up to 22 junks and going for a new PR

Mar 29, 2011 5:01 PM

peak oil needn't be doom; I have clearly said LATOC outcome won't happen.

Again, there are more than 2 possible outcomes folks...we needn't make everything into a false dilemma.

Mar 29, 2011 5:06 PM

um...as the flow disperses it cools more rapidly.  Analog is like how a thin film of water evaporates more quickly than a bucket- surface area.

Now I wanna get a uranium glass table as a conversation piece; maybe a Chernobylite sculpture if it's not a heavy beta emitter lol.  It would lose its freak value if it were anodized

Mar 29, 2011 5:08 PM

dude...AVR?

that plant has like the worst beta contamination on the planet.  Again, anytime you mix humans with this stuff we end up in tears.

The CB didn't push for LWRs; the MIC did.

That said, some of the newest BWR designs are fairly fault tolerant and PBMR is 60 years behind now in terms of R&D.  Kinda like the rotary engine.

Mar 29, 2011 5:13 PM

we need a statistical breakdown of all users who have junked me in the past couple weeks.

Bc childless men over 35 with "higher incomes" sounds like either losers or gay men

Mar 29, 2011 5:53 PM

would strongly depend upon the type of radiation...if alpha, harmless unless injested/inhaled.  Beta a little worse, gamma at those levels bad.  Highest rad level in world is like 200x normal, which would be 40uSv/hr, but there are no increased frequencies of cancers there.  It's radium 226, so alpha.  Given the gaseous nature, one would expect highly increased cancer levels.

People need to understand that ambient radiation levels are functionally irrelevant except for gamma emitters (unless beta is ridiculously high).  Beta can be stopped by clothing.  What gets people is biouptake of contaminants like Cs137/I131/Sr90.

Really, I see our use of DU munitions in Iraq as far worse a radiological catastrophe than Fukushima because we have sprayed an alpha emitter all over major portions of the country.  We use DU not just for its density but pyrophoric properties, IOW, it burns and becomes aerosol upon impact.  Its biouptake characteristics are similar to Pu and other heavy metals. 

We shot gazillions of DU rounds, both kinetic penetrators and 30mm cannon shells, throughout GW1, 2, and Kosovo.  In fact, some vehicles contaminated with DU were buried in a nuclear waste dump and nuclear decontamination procedures had to be enacted on equipment sullied with DU.

Mar 29, 2011 6:02 PM

I'm not sure how much lead made it into the bottom of Ch4.  A damned sure lot of it went up into the air, adding to contamination.

One problem w/ Ch4 was it was graphite moderated, so it could continue to fission after the explosion.  Just read up on the Hanford reactors from Manhattan; just a big assed cylindrical block of graphite with axial holes drilled through it in which fuel rods went.

You could take off a chunk of it and still have fission ongoing while things burnt.

That's not likely to be occurring here, because molten fuel rods have poor fissile nature due to doppler broadening of U238 (same thing that makes PBMRs not melt down) and there are no neutron moderators when water is gone.

Perhaps the sand at Ch4 made a better flow material...nobody will ever know because that mfer is so off-charts hot that they can't ever get near enough to it to do any real analysis.

Something that should scare EVERYONE to death is not LWRs in Japan; it is the fact that PRK has hanford style graphite moderated reactors for Pu production.  Do you really believe these things are safe?  They could contaminate most of China with an accident there (ok, yeah contaminate it worse), and if you thought the USSR's response was slow...sheeit.

Mar 29, 2011 6:08 PM

the '02 Helium peak kinda in my mind renders the PBMR unfortunately moot at this point.

With enough R&D it should have been a far superior reactor design.  But the contamination of the coolant loop with beta emitter dust is bad news and the production flaws in fuel pellets were a huge problem.

Also, the one drawback would have been ending up with oxygen inside the reactor case; that spells graphite fire and Chernobyl all over.

Mar 29, 2011 6:20 PM

this is why all disasters get given over to the military.

they are the only organizations that don't do consensus building.

Imagine if you were in an organization and you were shouting do this or else, your boss would feel threatened, try to build consensus, take a vote of other morons and try to get rid of you.

hell I would not be surprised to find that TEPCO called the gov't for generators and was told someone is on vacation or shit like that.  Rather than say listen bitch gimme this mfer NOW they just kinda sign off.  And the engineer asking has to go to his boss who doesn't want to offend anyone or have to lose face so he says "you need to figure out how to make this work."  He won't press the issue with his peers over where they have the generators and he can't get HIS boss to do it either.  Nobody can.  Or nobody will.  And if you jump chain and send an email to the president saying "do this or else BOOM," it's your ass.  Your boss and his boss and his boss will all fuck you up for making trouble for them and making them look bad, nevermind your correctness.

I have seen shit like this ALL the time...some system fails, I can identify the point of failure by clairvoyance and I tell them exactly what the problem is but the manager doesn't want to offend underlings on the team responsible for that failure and sure as hell won't let anyone near enough that team in order to prove the failure point.  And then meeting after meeting, other processes suffering similar failure symptoms, similar latencies, similar hiccups, all pointing to one forensic deductive conclusion.  No dice.  Make do.  Figure out how, make it work.

All to avoid even stepping on toes of UNDERLINGS.  Our organizations are utterly paralyzed with downing effect incompetence and peter principle idiots.

Mar 29, 2011 6:23 PM

yeah probably true.

Their C&C management chain appears face-focused and paralyzed.

I fully expect that when truth outs it will have been the United States military, having sensored the radionuclide excursion that essentially redphoned the jap gov't to make anything happen.

Utility company management is NOT equipped, qualified, or of the appropriate mental or personality attributes to deal with disasters.

Mar 29, 2011 6:26 PM

women can go forward charging their iCrap and powering their hair irons with unicorn juice.

Mar 3, 2010 12:29 PM

It's worse than that.

What has happened is that debt as an institution has reached its ceiling.  It cannot grow anymore.

It took several centuries, but it happened coincident with the peak in the energy supply curve.

Everyone in the room realizes that there is NO WAY IN HELL these debts can be paid off by tomorrow's production.

That's why every government now looks like end-stage Bamboo Lounge

Mar 3, 2010 12:34 PM

WTF...Stiglitz got a nobel prize for "proving" the fucking OBVIOUS????

Economics is the biggest JOKE in the history of the world.  These idiots understand NOTHING and yet they are given the levers of power

Mar 3, 2010 12:39 PM

It's worse.

Look at the QTM...MV=PT.

Does this look like the foundational equation for a serious science?  4 variables that are nonquantifiable. 

Compare this with a basic chemistry equation or one from engineering.

Economists DESERVE no respect from anybody. 

Mar 3, 2010 3:15 PM

Bull fucking shit.

The yuan will NEVER replace the USD as world reserve currency.

Let them fucking depeg and let's see how their export ponzi works.

I absolutely MARVEL at the Chinese Supremacists who seem to be totally unaware that they are PEGGED TO THE FUCKING DOLLAR.

Mar 3, 2011 1:30 PM

I personally think this whole China gold thing is overstated and misleading.  Chinks are buying gold because it's a symbol of wealth and it is an asset, the same as indians do.

There just aren't that many assets out there with comparable attributes in this regard.  I don't think that the average chinaman understands "inflation" all that well nor the broader concepts of monetary policy or the yuan peg.  They just know that gold is worthful, they desire it, and with all the money flowing in China they are buying symbols of affluence, gold, cars, etc.

Mar 3, 2011 1:41 PM

the Bernank said it while talking to Rep Kirk- there would be no currency without debt

Mar 3, 2011 1:48 PM

without monetization, there is no bid for USTs.

If rates were allowed to float, the prevailing 10yr would be far, far higher, and the interest cost on the debt would function as an effective massive spending cut.  Let's recall that presently, interest is like the #3 or 4 line-item expenditure in total amount, and would very quickly become half of revenues were rates to go where people think they will.

Also, this simply isn't 1973, where there is still a lot of economic activity to be had, where profits could be made even at high rates.  People in this economic climate would not be desirous of levering up at high rates; there is precious little demand for credit at 0% now.  How much less would there be at 5%?

Mar 3, 2011 1:50 PM

are ordinary people levering to buy and flip PMs?

That is what a bubble is.  In every classic bubble case, you had 2 ingredients- leverage and ordinary people.  Houses, .coms, tulips, etc.

If your answer to these questions is yes, then it is a bubble.  If no, then it is not.

Mar 3, 2011 12:12 AM

they couldn't mount an amphibious invasion of Hong Kong, much less Taiwan

Mar 3, 2011 12:16 AM

Spalding is correct on China...you FRN haters with your death wishes need to STFU

Mar 3, 2011 12:20 AM

he's correct; multiculturalism is a gigantic failure.  Nobody likes black people either.  And, why should they? 

Mar 3, 2011 2:04 PM

HAHAHAHAHAHA

You want AMERICAN women?  These are the most self-absorbed and delusional women on the planet and you think they will clean for you when most prefer to outsource their own chores to illegals?

American women are toxic...you can have them

Mar 3, 2011 3:52 PM

what's the estimates now, NeObama has us what at full employment in his 2nd term and back to balance?  LOL

Mar 3, 2011 4:12 PM

well, if you look at the executive class and the top 1/2% of earners, you see that everyone who had connections to severe leverage has done better than ever.

Look at a mfer like Don Trump for example...he's levered to the moon repeatedly, gone BK a couple of times and is still crazy rich.  There was no penalty at all these past 4 decades for being as stupid as possible, imprudent, risky, and throwing all caution out the window.  Those who did and borrowed cheap to do it are now set.  They can afford to convert GLD and globetrot.

Mar 3, 2011 4:17 PM

in the government's defense, they are so packed with diversity hires and diversity promotions to positions of authority, that they are far too incompetent to actually accomplish any such grand, purposeful plan

Mar 3, 2011 5:08 PM

ECB or Fed or China comes to rescue.

If you think American imperialism is bad, wait till you see what type of regards the chinks have for environment and humans

Mar 3, 2011 5:10 PM

they do not consider growth limits in finite systems in economics

Mar 3, 2012 1:44 AM

DATS RAYCISS

Mar 3, 2012 11:27 AM

false

Mar 3, 2012 5:02 PM

At least Pintos were cheap

Mar 3, 2012 5:03 PM

welcome to everywhere else in the world where people walk.  now we will reap the rewards of our asinine suburbia lifestyle

Mar 3, 2012 5:04 PM

the "coming" recession?  We're IN ONE NOW.  A sustained one.  THIS is what recession feels like.  Fuck the stock market, wtf does that have to do with anything?

Mar 3, 2012 5:09 PM

2.5Bbbl???  That's fuckin tiny.  Maybe the production rate will be 2mbpd for 1000 days

Mar 3, 2012 5:11 PM

this is what the PO deniers don't get.  All the new discoveries DO NOT eliminate the lack of availability of growth in production rates.

We're ALREADY in the crisis, bud.  The next gear hits when exportable oil goes to zero, which it eventually will as a function of export land model.

Mar 3, 2012 5:14 PM

incidentally, the only place on the planet that the mud Venezuela calls oil is on the Gulf Coast of the USA.  Chavez's talk is all bullshit until/unless the chinese build competitive refining capacity.  In any event, unless that is located in South America or they transit Colombia with a pipeline, that crude is vulnerable on the high seas.

Mar 3, 2012 5:39 PM

that chart suggests a few more years of rising SP

Mar 3, 2012 5:40 PM

dupe...wtf

Mar 3, 2012 8:24 PM

you know you can squeeze your own oranges and make juice, right?  The government can't do shit about this.

Mar 3, 2012 8:28 PM

have idiots like you ever, you know, been to these places you think you know anything about?

There are entire giant cities out there south of the border with real cars and roads and street lights and modern shit.  Yes, they sell plasma TVs and computers and even have internet too!

The impressions idiotic americans have of places they've NEVER BEEN just amaze me, along with the sheer conceit of how bestest they think everything here is.  Everything we have here is available elsewhere.  People pay sales taxes and shop in malls just like we do.

Mar 3, 2012 8:30 PM

yes, mass murder will cure everything!

Mar 30, 2010 1:32 PM

Great Famine part 2.

When is the UK's fuckin austerity?

At the CORE of Iceland and Ireland and most of the scams around the world IS THE BANK OF ENGLAND.

The Sterling Bill's use as an imperial war weapon remains in full effect.

Austerity??  WTF...that means, what, repay the banksters the money they NEVER HAD in the first place?  You know, like they asked Iceland to do...repay in real wealth, real electricity, real things.

You have to love this moneychanger clan racket...you be really aggressive in business, cheat a little, be parsimonious as hell, totally cheap, and you save up some gold.  Then you start kiting the shit, lending out what you don't even possess, and all you have to do is call a FEW loans and the whole fkin system deflates because you monopolize the paper!

And, jfc, in a deflationary collapse, you can say eff you I ain't lending, your interest rate just went up, too much risk.  And you get all the real collateral behind the loans despite NEVER HAVING HAD ANYTHING to lend.

When your paper has to be paid back by a LARGER loan of your own paper, you have the entire world of collateralized borrowers over a freakin barrel.  At ANY point, all you have to do is change the interest rate upward and anyone who needs more of your paper for the interest is in default!  They can't get it.  Inflate, then deflate, then get all the collateral.

This is PRECISELY what the BOE had been doing for 100 years before the Founding Fathers said FUCK YOU ENGLAND.

I find it amazing that we permit banks to lend what they do not have, then expect debtors to actually repay REAL things to them.

Mar 30, 2010 8:09 PM

All you need to know to answer this is to look at the UST auctions.  Stronger B2Cs than other nations, despite collapse in indirects.

So, the bills "blew out" to .15%...whoopie shit.  The market is artificially supported by ZIRP and the Fed.

Two major mature industrial nations with ZIRPs means a strong, exponential carry trade tailwind for emerging economies.  But we'll see about jackshit here because even 0% interest isn't enough to turn a profit in the US anymore.  We're tapped out, the ROI is negative, as in Japan.

They will migrate the currency to all the backwards places until those are tapped too, then it will be a champagne supernova.  Just wait until we smack into the overhead oil supply curve again.

Despite the bullshit I hear about the DXY showing a strong dollar, oil is still 80+ and gold is 1100+

Douchinger says to short wheat because his squiggly futures price chart lines can apparently predict the coming harvest.

Mar 30, 2010 8:23 PM

Just drink the fuckin Koolaid, all right?!?!?

Mar 30, 2010 8:23 PM

It's even better...the major IYR components are paying dividends in STOCK!

At this rate of dilution, I am long IYR to infinity

Mar 30, 2011 1:00 AM

it's because women hate it

Mar 30, 2011 1:15 AM

I meant ON THE SPOT, dickfuck.  With shovel in hand.

They were limited to 45s; they made it back down only to have to sit down at best.  They said it felt like vampires had sucked their blood out.  Some spontaneously bled; some collapsed.  From 45 seconds.

Nobody is standing a rad field for 2 minutes straight in close proximity to core material, which is what the lava is and to what I was referring when I said "that mfer."  They can't approach it; they can only use poles and cameras poked around corners or robots.  The entire line of comments is about the LAVA, not the plant.

People can get inside the sarcophagus and crawl around in the bowels a bit, but if they encounter the ghost of the core down there, it will fry them.

Now, seek help.

Mar 30, 2011 1:28 PM

the French are the ones bombing Libya and have their carrier offshore.  So they are "at last" stepping up to protect their own oil.

we receive substantial imports from KSA, consequently we are there.  As their production declines, we are also in Iraq and Kuwait.

Mar 30, 2011 1:30 AM

where you gonna drop the lead, tho?  Chernobyl was wide open, just aim for the hot, bright thingie.

FD1 has the disadvantage of being buried in inconvenient rubble

Mar 30, 2011 1:32 PM

the dude was either high or just woke up for this speech.

Secondly, you can see him really really struggle to fashion any kind of cogent point when he goes off-script.  He seems as muddle-headed as Busch ever was.

Mar 30, 2011 1:35 AM

told ya to keep that head down lol.

The only evidence we had of primary breach was the pressure sitting at 1 ATM for a duration

Mar 30, 2011 1:35 PM

our entire national zeitgeist is toxic self-delusion.  Look, we spent 40 years on "diversity" to culminate in this Presidency; and now people are like WTF?  We've solved nothing.

we will lower standards to have the "right" military (in branches who are in "crisis" due to lack of diversity like the USCG or AF), for fire departments, sue Marin County for being "too white," and people are starting to emerge from the haze of that.  We're discovering that we have a competence problem now...go figure.

It's all a bunch of empty words and phony promises and silly shit that was affordable in a world of luxury.  Think of it this way:  if you're rich, you can afford to indulge a spoiled brat child and you may take the path of least resistance and do that.  So we put ramps and parking spaces that are never used as our sacrificial "tribute" to the feelings we think the handicapped have.  There are so many well-wishy parasitic drags on our society that they really cannot be numerable anymore.

Mar 30, 2011 1:39 PM

just charter a "bad government" and load IT up with all the debts.  Oh wait, we already have the bad gov't?  Shit.  well wtf then, I am all out of ideas

Mar 30, 2011 1:48 PM

was unaware of any Cl38 in the seawater...but the point remains.

Neutrons only come from fission and there isn't enough Pu240 to do this.  Pellets + water = critical.

they are going to need a lot more borax.

random fission inside the reactor would be like normal operation of it; that portion of the article is erroneous.  If the reactor vessel is breached and pellets are outside of containment (SFPs hint), then you will see neutrons.

I have to wonder if they were borating the water being sprayed onto the fuel ponds.  These would seem to be the most likely source of stray neutrons.

Mar 30, 2011 1:53 AM

Chernobyl caused, IIRC, 200 pCi/L on the west coast.

Mar 30, 2011 1:53 PM

smoke was rising from a penn plant the other day.

and smoke was also seen rising from a cigarette I lit a few minutes ago.  Not EVERY sighting of smoke is a full on nuclear meltdown.

Mar 30, 2011 1:56 AM

TPOG, wth other option do oil-poor nations have?

Mar 30, 2011 1:59 PM

bingo...and I don't imagine they put the borax into those water cannons.

Mar 30, 2011 10:47 AM

yes and there is also evidence of cooling due to aerosol contamination over the indian subcontinent and china. 

The AGW crowd wasn't helped by discovery of cherrypicked data either.

Mar 30, 2011 10:49 PM

hysteria, inarguably...lying?  when you attribute something to someone that you know that they did not say, we call that a lie.

Mar 30, 2011 10:51 AM

Perhaps Greenpeace can suggest some way to keep the lights on.

Mar 30, 2011 10:51 PM

data like this is what is useful in assessing the scope of the disaster

Mar 30, 2011 10:54 AM

So their data shows a peak 2 weeks ago?  ZH hysteria didn't peak till long after that.

Daily we hear how the situation is "deteriorating," and here Green-piece says no?

Reading these comments I wonder exactly who most of the posters here would believe if they released data.

Mar 30, 2011 10:54 PM

fuck off.

Most of the affected people had NOTHING WHATSOEVER to do with Nanking or the Philippines

Mar 30, 2011 10:58 PM

I have a couple of comments in 2 days that got junked off...Chumba posts "nigger" repeatedly and can't get an audience.  Too jaded...

I am like the pied fuckin piper with these stalkers eh?  It's like paparazzi n'shit

Mar 30, 2011 10:59 AM

Cushing inventories are mostly irrelevant to world oil prices; this suggests that the spreads will remain wider than typical.

Shutdowns due to Japan and trade disruption will not be unnoticeable.

Mar 30, 2011 11:13 PM

I knew you would come around.

but a slight quibble...I didn't call people idiots who had numbers wrong, I just asked for some evidence to support claims.

After people started strawmanning or committing other fallacies, along with calling me a shill or stupid, THEN I called them idiots.  I mean look upthread- I am being called a sociopath AND a psyop.  I'm supposedly getting paid by TEPCO to astroturf here.  Nevermind that I have been vocal here long before this accident.  Somehow I am on TEPCO's payroll.  Well, listen, I hope people grasp that I can be a HELL of a lot more persuasive and astroturfy than this, sheeit.

I also didn't overestimate TEPCO I don't think; I just recognize that this is a big deal disaster and everyone's expectation that it can even possibly be solved quickly is foolish.

There IS NO QUICK FIX.  Even if we, as some call for, get "all the Ph.D.s in a room to 'come up with something'".  This is a very good illustration as to why I am frustrated with your position on the oil peak- you make the same expectation of the Potent Directors as people here.  Sometimes shit happens and it can't just be put back together quickly.

Chernobyl is not a good case study on rapid action either...listen to Gorby talk about how the central politburo knew jackshit and how they DID send top physicists and even they had nothing to say.  Days went by and people failed to act.

This may shock everybody but you CAN'T put faith in human beings, because human beings are unreliable things.  I have been increasingly disconcerted with TEPCO, Japan, and the US simply because there has been so little real data.

Me and the other types with the knowledge could have put 2 & 2 together and given a fair recitation of the severity based upon the circumstantial presence of Cl26 in wastewater, Zr95 in turbine buildings, stray neutrons, Cs137 downwind, etc.

I had hoped that facts would come out, but they have been divulged piecemeal, either by intent or just because nobody has them.  Then when we do get them it is 10Mx retracted to 100k times, Pu in the soil but no more Pu than is otherwise there...etc.

In the absence of evidence I remain agnostic; I simply cannot leap to a conclusion.

But...when I saw 1ATM or negative pressure in a reactor vessel, I SAID this is evidence of primary containment breach.  Not dispositive, but evidence.  When I see short-lived Chlorine isotopes in outflow water, not just I, but others can say wtf, these are fission byproducts.  Zirconium in this water can only come from one place.

Would I be downwind of this plant?  Hell no.

Mar 30, 2011 11:14 PM

wzup nigga

Mar 30, 2011 11:18 PM

it's just people like you I hate.  Because you are worthless.

Mar 30, 2011 11:26 PM

I did??  Really?  If I did, I would certainly apologize for saying such a thing as it would have clearly been untrue.  Do you have a link bc I can't imagine having claimed that the reactor was not too hot to approach.  Now, if you said "rods all over the parking lot" were why the plant complex was too hot, then yeah I would have jumped all over that one.

I have been pretty consistently calling BS on the notion that Chernobyl was "solved" by entombment.  To even GET to CH4 entombment, they had to mobilize the core, melt it down into lava, flow it out of the moderator, send liquidators up onto the roof to shovel core components off into the pit while receiving a full sievert if not more in about 45 seconds, and only then could they think about the construction project.  All those things had to happen as conditions precedent to sarcophagus construction.  It wasn't like they "tried" other solutions like lead bar drops and then "tried" a sarcophagus and went "presto!  that solved it."

As the other guy said upthread, there is no tomb until they deal with the SFPs.  As I said from like day 3 of this, those remain the primary risk.

I actually expect that most stray criticalities, Cs137 downrange, and all the rest of the neutron beams and shit came from these.

Criticality inside a reactor vessel isn't threatening bc that's what reactor vessels are supposed to be doing.  Criticality in a SFP kills people.

Mar 30, 2011 11:36 PM

I was admonished not to use the possessive pronoun.

but you are right, the US military has sprayed DU all over several countries and it is used not solely for its density but because Uranium has some interesting self-sharpening and pyrophoric properties.  That last attribute is sciencespeak for saying the shit aerosols and burns like a mfer.  Useful for an anti-tank round because it will cut a hole in and then spray inside and burn to all hell at a high temperature.  The side effect is when the target combusts all that Uranium goes airborne.  DU has similar biouptake and toxicity characteristics to Plutonium.  Another nice alpha emitter.

Mar 30, 2011 11:42 PM

nah, you hire a desperate guy whose DeVry degree in internet forensics didn't pay out to liquidate her...or both.

Mar 30, 2011 11:42 PM

well if money was real I might disagree with you.  But they can just print up $12B.

Leave how much a life is worth to the actuaries and appeals courts

Mar 30, 2011 11:43 AM

Recritical where?  SFPs?  Reactor vessel?  Which one?

Piles of fuel pellets + non borated water = critical

Mar 30, 2011 11:47 PM

the good news is that GM already built so many that nobody bought that they can finally work through their inventory.

Anyone who was not channel-stuffing is going to have trouble doing the JIT production game

Mar 30, 2011 11:50 AM

this guy is a complete fucking idiot.

1/3?  How?  Only by demand destruction.

LOL...we're going to run on "American Ingenuity."  We will be grinding americans up to burn in new plants I gather?

Mar 30, 2011 11:50 PM

dump it on what?

Ch4 had the "advantage" of being a nice open hole to dump lead shot into.  Add some sand and some boron and the core did them the favor of fluidizing and flowing out of moderation.  How do they get anything into primary containment vessels that may at best be cracked?

Mar 30, 2011 11:52 PM

A gigantic Dyson vacuum?

I'm at a loss too; I can't concur with the guy on the water spraying.  They had no choice otherwise they end up with melted SFPs outside containment. 

They've chosen to try to cool indefinitely and hope that they can catch a break.  Only once rad levels in the immediate bldg drop low enough can they attempt anything else.

The fates were sealed when the buildings blew all to hell because they had inadequate H2 ventilation.

Mar 30, 2011 11:57 AM

We still going to drill offshore...peak's here.  Despite GOM, they have no choice.

Expect the nuclear speech in about a year.

I just love the way this clown raises his volume as he thinks he's making a more emphatic point.

this is a lot of pie in sky bullshit...magical thinking from the magic negro

Mar 30, 2011 12:13 PM

I haven't heard any problems with fukushima dai 2

Mar 30, 2011 12:57 PM

Paper silver is just as good

Mar 30, 2011 12:59 AM

You feeble skills are no match for me, boy

BOW THE FUCK DOWN ALL OF YOU

Mar 30, 2011 2:01 AM

yeah, I mentioned Peak Uranium to people who said "PO isn't a problem bc we can do nuclear plants everywhere."

They're kinda quiet now, these people...

Mar 30, 2011 2:09 PM

neutrons must've missed him lol

Mar 30, 2011 2:14 AM

"free market"?

LOL...imagine suggesting a fuel like gasoline these days.

No utility could build much of anything without gov't protection.  Coal plants belch black lung and heavy metals.  You think that would get insured?

Mar 30, 2011 7:01 PM

it's 5 fucking thousand times lower than FDA limits.  JFC...it doesn't even warrant a headline

Mar 30, 2011 7:13 PM

I can make a little guess- it stopped when the crap melted down out of the graphite moderator.  Graphite was burning; that shit ain't gonna melt.  3500K or something?

Once they poured in lead and sand, that probably had the side effect of assisting in mobilizing the core as a viscous liquid.  Once it got away from moderation, the chain reaction stops.

RBMK fuel was U238; it doesn't "go critical" like the fissile isotopes except when hit with monster neutrons like from a fusion reaction.

Mar 30, 2011 7:15 PM

It's douchebaggery like this that causes threads to blow up to 700 comments.  No, I never said shit was under control, moron.  I just told you morons to STOP PANICKING over everything.

Mar 30, 2011 7:22 PM

dude...they COULDN'T build a concrete sarcophagus from day one; the area remains too radioactively hot and physically hot for concrete to work at this juncture.

Stop acting like there is a two-minute fix for everything; life is not instant coffee and when you don't get your immediate fix, it is not a sign of vast sinister conspiracy.

Their first priority is to cool the reactors; the helo drop was the first attempt to get any water in there.  Without data, we don't know how critical that operation was at that time- it may have been absolutely essential.  Then they started with targeted water.

Once the physical heat has diminished, THEN they can think about a permanent seal.  Chernobyl melted into the floor, likely a solution of fuel elements in lead and possibly sand too.  It flowed because they liquified it (perhaps inadvertantly).

Once they can properly borate whatever fuel remains, they can fix the thing in concrete or whatever and the radiation hazard going forward will be contained.  After that, a proper cleanup of the area and surrounding contamination will proceed.

It is going to take time and it does nobody any good to stamp their feet like a petulant child.

Mar 31, 2010 1:40 PM

Everyone in the know knows this is going on.  It's been talked about for years.

The Fed is managing prices through its proxies.  Period.

They can cash-settle gold at a premium, because cash is free to make.   That's actually a good way to drive inflation in the money supply if they so choose.

The problem is with oil; you cannot forcibly cash-settle a barrel because cars and ships don't run on cash.

Obviously, the paper markets have broken down because they no longer reflect reality.  It will all unwind at some point just like any other fractional paper scam.

Mar 31, 2010 1:44 PM

Nobody cares about gold.

What they do care about is oil, and everyone seems to believe OPEC is manipulating prices higher.

I suspect that Bama knows about Peak oil and that we've passed it.  You think GATA's schtick is a big deal, who cares?

Is Peak Oil part of the mainstream discourse?  No.  Only how them oil companies is screwing us with $3 gas.

People believe in fairy tales like OCS oil saving us; nobody wants to listen.  It takes the otherwise rational YEARS to accept Peak oil.  A very educated friend of mine assumed that if it were real he'd have heard of it.  It took rephrasing what Peak meant WRT "interest rates" or the cost of capital to get him to understand.  And even crossing that threshold, you hear deus ex machina cloture.

If I were buying gold it wouldn't be because it's special, just because it's compact and of recognized real worth.

Mar 31, 2010 1:45 PM

hahahaha.

Gonna hafta ramp up that there production

Mar 31, 2010 1:50 PM

A gasoline fuel cell is a SUBSTANTIALLY better idea.

These achieve efficiency vastly higher than ICE or other combustion engines.

People just have no clue how much energy is in a barrel of oil.

It's like 23-25 THOUSAND man-hours worth of energy.

Yes, we need nuke plants, PBMRs, right now.  Long TOISF and CCJ.

Mar 31, 2010 1:58 PM

Wait until peak conditions are achieved in battery components.

There is no way around this...none.

It's a finite world, and all good things must come to an end.

Mar 31, 2010 1:59 PM

Great until the natural gas peak.

There is no way around this, folks.

Mar 31, 2010 10:21 PM

Would not surprise me if the CBs were just managing gold higher at a "sane" rate.  Can't have that shit spiking like in the 70s.

Mar 31, 2010 12:10 PM

The market will stay strong.  Look, man, Obamma gave what is called a poker tell on Mar 6.

The government has a strategic national interest in keeping this thing propped up and they have a means a mechanism to do it.

Andy Maguire called Ag manipulation ahead of and in realtime to CTFC and they did jack shit about it.  This indicates that it is in the strategic national interest to ALLOW naked short price suppression of precious metals, something that we basically ALL intuitively know already.

They have to "manage" these prices using futures.  I said on TF, we have paper gold, paper oil, paper everything, even paper PAPER.

The Fed's proxies walk the market up with futures contracts.  The Fed can PRINT or LEND cash for them to do it as simply as clicking a mouse.  Look; these are very highly sophisticated criminals for which truth is an anathema.

Mar 31, 2010 12:19 PM

Years ago I said the Rogue Wave that precipitates the final collapse would come from the Fed's loss of control of the POG.

However, they seem to have total lock on the futures markets via their proxies.  They manage the prices.

So, perhaps the sudden break will come from the oil markets.

YES, they can affect nominal prices through the futures markets, but they CANNOT fudge real oil behind the paper.  Unlike gold, oil is something that is bought to be almost immediately consumed.  If you don't have it, and you have a paper claim, you cannot CASH settle an oil delivery because your car can't run on futures contracts.

The declining supply curve looms overhead.  The paperbulls over on TF think that OPEC has "cut."  I doubt it..they PEAKED.  Everyone assumes they can just ramp back up to whatever they were at in 2005; they cannot.

At some point, oil will call bullshit on these paper games.  Right now gold "appears" to be swappable for cash...they are both nominally "wealth."  Oil has altogether another function.  And it cannot be cash-settled or leased out or any of these other BS operations that the CBs and MEX's use to bail out naked shorts.  If a long does not get oil, things stop running.  THAT is immediately apparent in systemic shortages or inventory drawdowns.

They can still obfuscate gold by use of paper games, leased vault bullion, forward sales of gold still in the ground, and tungsten.  Can't be done with oil.  Put some tungsten in an oil barrel and see how long that lasts.

Mar 31, 2010 3:03 PM

How do you spell FUCKED in European?

Mar 31, 2010 3:21 PM

Yeah...this is the moneychanger clan, Bank of England racket.  Been goin on for centuries.

They lent the hell into the "emerging" economies, lending money they did not have, via "fractional reserve," and now the economy taps out and they will deflate the ever-loving hell out of it.

In the process, they hope to get bailouts signed by the sovereigns that are bankrupted that force the citizens to pay high taxes, to receive few services, and to take a share of sovereign assets.  Classic rent-seeking.

This is what they did in Argentina.  Iceland.  Elsewhere just in THIS financial crisis.  It's the Versailles Treaty model of economic slavery.  The BOE has done this so many times it's not even funny.  The Founding Fathers spoke of this VERY tactic, and the proscription of colonial scrip and forcing into BOE debtmoney was the most significant precipitating cause of the Revolution.

The old imperial powers are still at it, except with their banks and paper this time around.

France and Germany will *insist* that Greece "pay its debts," even if that means they extract the fkin organs from Grecians.  Nevermind that the major nations' banks NEVER ACTUALLY HAD the money they lent out.  They created it from thin fucking air.

We are steaming fullspeed toward worldwide repudiation of debt and the banking system.  When this crashes, people will realize how the major European historical imperial powers stayed on top even after their armies disbanded - they had the banks and controlled the paper that was used as money.

Mar 31, 2010 4:58 PM

Who is this, Blankfein's even eviler twin????

Mar 31, 2010 5:04 PM

Douchinger says his wheat futures price charts can predict the upcoming harvest.  I mean he says that the price is going to break down.  What if the farm season sucks ass?

IOW, how in the fuck can ANYONE believe that TA dictates the real world?

Mar 31, 2010 5:09 PM

Fuck man the guy banned anyone who wouldn't kiss his ass.

He made his money in the .com paper run and so has some affinity for paper getting him real things.  As a .com company owner, he's used to vapor and bubbles; he likes them.

 

Mar 31, 2010 5:14 PM

question you have to ask yourself is whether you think the other party is fiscally responsible. 

Mar 31, 2010 5:15 PM

Don't focus on the paper, focus on the real.

The explosion comes from the oil market...oil moves things and it's what digs up gold too

Mar 31, 2010 6:16 PM

JPM would vaporize them

Mar 31, 2011 1:00 AM

can those things run on solar?  Or would they have been paralyzed by the power outages as well?

I'm gonna go out on a limb and say I think the vent upgrades might have been cheaper than this cleanup.

Mar 31, 2011 1:03 AM

does anything come with a 50-year warranty?

Mar 31, 2011 1:16 AM

my resources are suggesting Cl36's primary route of existence is cosmic ray caused neutron spallation of Argon...is that likely here?  Another origin involves muon capture by calcium.  I guess muons come from cosmic rays as well.  The other known processes all involve free thermal neutrons.  I'm pulling this from U of Az

Perhaps this is just leftover Cl from Bikini lol

Mar 31, 2011 1:21 AM

if they have a cesium problem, they need to start scraping soil now...that shit will sink over time

Mar 31, 2011 1:47 AM

scratched my post...Cs137 emits gamma too.

Primary problem with Cs is soil deposition and the biouptake in that it is in the alkali period and mimics K and Na.

Edit again:  Cs137 does not emit gamma, I was right the first time.  It decays to a Barium isotope with a short half-life and that emits the gamma.  However, that isotope, Ba137 has a 2 minute or so half-life. 

 

Mar 31, 2011 1:48 AM

30 yr half life on that shit...

plants and animals love it as a nice K substitute

Mar 31, 2011 1:56 PM

Market thought Irish stress test was Glenlivet vs Glenfiddich or some such thing

Mar 31, 2011 1:57 AM

an operating reactor core...where is the source of free thermal neutrons in a properly scram'd one?

I think this is pretty strong evidence of subsequent criticality, no?  Obviously, they didn't state the concentration of Cl36, but if it's above the Bikini expected level, it would appear to be evidence of criticality at least to a preponderance.

Gamma alone won't produce Cl36, only cosmic ray interaction with Argon.  The way chlorinated water gets Cl36 would be thermal neutron capture.  Pu 240?  I'm not seeing a likely vector

Mar 31, 2011 11:07 AM

well you did before there were significant miner safety efforts.  Coal miners don't fare well either.  Hasn't been anyone dropping dead from Pu inhalation either, though there is relatively little data.

U miner cancer rates are like 5x baseline even today.  On a gram for gram basis, Pu pumps more Bq due to its shorter half-life but the sheer quantities of DU shot over the years overwhelms this.

Mar 31, 2011 11:14 PM

IIRC that's a couple times the CPMs of the chernobyl fallout

Mar 31, 2011 11:18 AM

nobody knows how to do a sustained fusion reaction.  It's presently an insoluble technical problem.

Mar 31, 2011 11:20 PM

The dude needed to drive to Dai 1, not 2...so we could see how close he got before croaking at the wheel

Mar 31, 2011 2:11 AM

I concur...I said from like day 4 that fires must be prevented at all costs in SFPs. 

I have no clue what is in that steam, as the necessary monitoring equipment has been shut off or "under survey."  I dunno about 70% core loss either.

Nuclear engineers didn't anticipate a fuckin pool burn?  JFC, I posted a link to DOE study of THIS EXACT EVENTUALITY maybe 2 fuckin weeks ago; it was from last year!

If the contamination is really that high, this becomes "Level 8" accident.

I'd still like to know how so much of the core could have mobilized; everything seemed aligned around I131 in steam; we didn't see any significant fires in any videos.

I expect Mark 1 BWRs to start going permanently offline going forward unless the operators can prove their installations backup power systems to be FAIL SAFE.  And I mean 100% no caveats.  Any reactor of this type has a tail risk of a, what, 25, 30, 50 mile serious contamination radius in the tail risk?

This situation would be far easier for the goddamned PEOPLE to assess (including me) if the fucking dosimeters were spitting out results.  I'm fucking tired of this trickle out bullshit from these assclowns, where nobody seems to know nothing.

Anybody with a brain could have taken a look at beta vs gamma downwind and said either "bad but not horrid" or "fucking run"

Mar 31, 2011 2:13 AM

It's not a good option, it's the only option.

Imagine what the oil peak cornucopians are shitting right now...bricks.  The future was supposed to be paved with nukes while we "transitioned" to some liquid fuel other than oil.  They had the whole CTL and fischer-tropsch thing laid out.

Now wtf are we supposed to do?  It's the devil or the deep blue sea

Mar 31, 2011 2:23 AM

We need to calculate RAD...need to know the isotopes

 

Mar 31, 2011 2:31 AM

and not the least of which is because I WASN'T REPLYING TO YOU.

The rest of this internet psychobabble is just...ludicrous.

Mar 31, 2011 2:32 AM

Maybe because it causes Caezures...

If this is what is blowing downwind, everything is well and truly fucked.  This has to elevate to Level 7 and if the other numbers are Bq from Cs, Level 8.

Wish I had data to know either way.

Mar 31, 2011 2:45 PM

you don't want a crash.  Trust me.

Look at the soviet crash...how long did the shit suck real bad?  Are they "back" yet?

Mar 31, 2011 3:38 PM

it doesn't help that the dominant demographic that lives there tends to steal like crazy.

In fact, in ward 3 in DC, the Ward 3 councilwoman is opposing a walmart because the mere presence of stealable stuff is going to provoke a massive outbreak of "gibs me dat" and it will end up in a lot of her constituency going to jail.  Yes, she's actually opposing it because she believes that merchandise is too much of an attractive nuisance.

Mar 31, 2011 3:40 PM

fuck 'em.  that's a demographic that won't work, doesn't want to work, and never will work.  Cut them off.  Most cities are seeing crime rate declines through this recession as a result of accelerated gentrification.  The notion of "inner city" is a thing of the past.

Mar 4, 2010 3:22 PM

Because you can trade it for other real things.

If they pull a Venezuela, Argentina, PRK, Brazil, Argentina (again), Iceland, Brazil (again), Mexico, US, Mexico (again), US (again), Russia, USSR...ok, shit it's a big list of nations that have defaulted or devalued, you may NOT be able to trade your FRNs for something real.

Gold is not special; it's just something that is relatively value-dense.  If you could stockpile oil or wheat or iridium, what's the difference?  It's translating PAPER into some form of real property.  Gold just happens to be convenient for those purposes.

If you want to store your wealth in the form of a negative interest rate loan to an insolvent institution (savings acct in a bank), then feel free to do so.

If you wish to store your wealth in the paper notes of bankrupt states, that is your prerogative.

Anyone looking to "get rich" on gold is a fool.  If I were to buy it, it would solely be as a translation of paper wealth to some real property.  I'd buy a seam of coal or an oil tank just as surely, but you cannot put those in your pocket.

Mar 4, 2010 3:27 PM

BNW was a very prescient work, but what is wrong with being a happy cog in a machine?

That's all anyone WANTS.

You missed chapter 17; the epsilon doesn't WANT to be an alpha.  His role is the path of least resistance for him.

What we see is apathy toward reality and focused passion toward a mirage...this is a dissociative state where life is vicarious.

Mar 4, 2010 3:30 PM

There are other metals that do not oxidize besides gold.

I don't prefer gold to any other metal, store your wealth in iron, chromium, mercury...whatever.

Gold is just real property, as opposed to paper which is, including the FRN, a promissory note.

Some might prefer a negative interest loan to an insolvent institution as wealth storage, iow a savings account, and that is their business.

Mar 4, 2010 3:35 PM

Now, this is just fking STOOPID.

Dude, currencies collapse all the freaking time and there is no societal meltdown.

The last major imperial collapse was the USSR in the early 1990s.  The ruble went from the Warsaw Pact's reserve currency to being unaccepted for retail transactions in Moscow.

Life went on.  The world did not end.  Guns and ammo were not suddenly priceless.  Even the lights stayed on.

Jeezus, how many collapsed States are out there RIGHT NOW and life is not like these madmaxers say, anywhere.

You present a false dilemma along with specious conclusions.  The entire "gold goes to $5k = find a survival acre" is sophistic at its core.

Beirut is still populated isn't it? 

Mar 4, 2010 5:11 PM

Anyone else notice how the London Mkt sells the SHIT out of gold most every freakin day?

Mar 4, 2010 5:36 PM

Based upon what?  A chart?  ROTFL.

What is your basis for an expectation in decline in the notional price of gold?  Deflation?

State your case...I need a good laugh

Mar 4, 2010 5:49 PM

That's because you're not happy.

You missed the point of BNW, the conflict between happiness and truth.  Happiness is a harder master than truth.

Epsilons did not aspire to be alphas nor vice versa.

Freedom?  What is that?  Heroism and nobility are signs of political inefficiency.

All these aspirations to greatness are foolish and delusional.

I'll tell you what holds most men back - a total lack of innate talent.  We live in a society of false aspirations, where every fat short kid thinks if he wishes strenuously enough, he can play in the NBA.  "Just follow your dreams."  Well, don't complain when reality doesn't do you the favor of conforming itself to your wishes.

Desire to leave a legacy?  What is this, self-aggrandizement?  You want to create art?  Are you sure?  I think you wish to be adored, to be admired, and to be "great" like the idols on television you revile.

I'd like to levitate since we're all throwing out wishes here.

Mar 4, 2010 6:00 PM

It ever occur to you that most people are not "red pill" types?

Don't project.

Besides, the premise is absurd ab initio.  Who wants to be aware when reality is scurrying like a cockroach fighting a jihad for crazy people who live under rocks?

Most people are happy marching in unison off of a cliff - let them be.

The Savage's error was that value DOES dwell in particular will.  He wanted them to like what he liked and value what he valued...this is narcissism.

I gave you Etienne de la Boite, did I not?  Another idealist.

Mar 4, 2010 6:06 PM

ok, first you have to freakin figure out what you want me to answer.

You said "doesn't oxidize" and then you went into how mercury is poisonous.

Do you mean is well suited to value storage or do you want to talk about oxidation?  You talk about chromium's abundance...do you want to talk about oxidation or abundance?

Mar 4, 2010 6:15 PM

ZH may have a conventional wisdom, but this place is far better than TF, where I have been banned about half a dozen times for the same antics of thumbing my nose at the drivel of the would-be cult posters.

I find it marvellous that in this thread we have CD and others talking about truth when in reality most of the posters want a group affiliation and to subscribe to certain blue pill belief systems.

We have people stating axioms like GOLD IS MONEY.  Others who read tea leaves...it's great.

If I get thrown out, so what?  I'm like cockroaches after a nuclear war; I just keep coming back.

Mar 4, 2010 6:19 PM

WOW, dude your so smart.

The government would NEVER THINK to confiscate your FRNs or your bank account or your land.

You'd better delete that post before one of them reads it and gets some ideas.

Yes, I intentionally misspelt "you're."

Let's do a little thought experiment here...you're facing hyperinflation...what the fuck are you going to do, raise the rent every hour?  You REALLY think you should accept rent payment in paper that you couldn't exchange for ass gasket half a day later?

What would you DO with that paper so as to minimize your OWN downside?  What, you're just going to hold it?  Yesterday's rent would be worthless...hmm...what would you RUN OUT AND BUY with the paper?

Maybe something real?

Take that back, let's NOT do a thought experiment, because your head might explode.

Mar 4, 2010 6:59 PM

What is a "legacy" anyway?

Control is an illusion...we are all adrift on a ball of rock floating 93M miles from a nuclear fireball.  Greater species than we have gone extinct.

What is truth?  What is "good"?  If you don't care about admiration, then you can create art anytime you like.  Nobody stops you from expressing yourself.

What is stopping you then?

The truth is that nothing that any of us does amounts to a hill of shit in the grander scheme of things.  Time will grind it all to dust; there is no immortality.

See...you fear death.  It is the ultimate trump card on the illusion of control.

All this talk about apathy and freedom and the greater good and all of this...whose greater good?  If a lie made more people more happy, would you tell it?

Do you understand yet how happiness is a harder master than truth?

Mar 4, 2010 8:02 PM

self deception doesn't make ME happy.

It does for a lot of other people.  What would happen in the Matrix if everyone woke up?  Pandemonium.

Mar 4, 2010 8:04 PM

Metals that do not oxidize:

http://wiki.answers.com/Q/Which_metals_don't_oxidize

Do you really care to continue?

Mar 4, 2010 8:07 PM

How about leveraging anything else real?

The guy said don't hold gold because they'll confiscate it.

Like they can't confiscate everything else.

You can leverage gold, just get a credit card.

Mar 4, 2010 8:37 PM

Douchinger has his own website...you don't need to repost his tickers here.

Think Greece is bad?  Want deflation?  Want to purge the bad debts?

SORRY, can't.  We already FF&Cd $24T worth.  If there is a meaningful impairment on these, the USG must make good.

Don't worry, they can print dollars.

This speculative attack on Greece - and there is a strong component of that - is coincident with the Fed's sunsetting of liquidity swaps with the ECB.  Perhaps we face another 2008 dollar liquidity crisis and the Fed has already geared up the dollar banks for it.

But if we're really at that stage already where it's everyone for themselves...this is like fighting over the highest seat on the Titanic.

A collapse in the Euro, as I've said before is NOT good for the dollar because we have the SAME issues, in many cases worse, that would have precipitated Euro collapse.  A major currency collapse will not be good news for other paper.

Jackals like Sorass aren't going to stop there, though

Mar 4, 2010 8:40 PM

AIG is the new FX swapline.

Don't worry so much folks, there isn't enough tax revenue in 20 years to pay all the guarantees.

And selective default isn't an option...supposing we selectively default on China's bonds; what are our other bondholders going to be thinking about when they might have issues with us?

There's no way out of this hole.  There's no future to support today's debt; it's a SOLVENCY crisis.  Paper will come crashing down.  It turns out that the future's ability to pay today's promises was GREATLY exaggerated.

Mar 4, 2010 8:55 PM

I'm not worried.

Currency and even imperial collapse are common and the world did not end.

Better to get it over with quickly than let it drag everyone into rentier serfdom.

Hell, people lived in Beirut during a civil war that lasted well over a decade.  Life goes on.  I'm sure there were happy times and bad times.

We'll learn to live without the almighty FRN when the time comes.

People need to stop conceptualizing accounting ledger entries as having force and effect on their real lives.  That point of recognition is starting to emerge now, as if from behind a cloud, as people say fuck you to debt and just default.  They usually feel liberated once they disabuse themselves of the silly propagandist notion that they have any moral obligation to repay.

I'll say this again - there is no MORAL obligation to repay your contractual debts.  You would lend your friend $100 and he has a moral obligation to repay but you wouldn't charge him interest either.  If it's a contract between you and a bank or you and a bank-owned government, pay it if you feel like it maximizes your personal pecuniary position.  If not, don't.

Businesses and the rich do this all the time.  Your FICO is not your measure of worth as a person.  How many times has Trump gone BK and he's still revered?

Mar 4, 2010 9:10 PM

so who the fk is gonna buy them now?

Mar 4, 2011 12:16 AM

well, according to the Bernank's metrics, we are in deflation.  He doesn't live out here in the real world.

Mar 4, 2011 12:20 AM

killing people isn't just that easy...one or two maybe, but a whole gaggle of them?  Money is easily conjured, killers, not so much.

Mar 4, 2011 12:42 PM

8.9 vs Gallup's 10.3?  Who am I to trust???

Mar 4, 2012 1:00 PM

HEU??  It's ridiculously hard to GET any of this without massive refining capacity that is OBVIOUS to even those who aren't looking.

Pu239 is easier to make; you just need a reactor.

You cannot manufacture HEU without physically refining mountains of ordinary uranium.  Pu is easy to make in breeder reactors.  THIS is the reason the major powers went to Pu; it's simply superior for nuclear weapons all along the supply chain.

You can review the Manhattan Project if you disagree.  We used a substantial portion of the entire HEU inventory on little boy but were able to bang out a new Pu core per month with the reactors at Hanford.

Mar 4, 2012 1:01 PM

idiot

Mar 4, 2012 1:02 PM

"Japan" asked for it?  You mean japanese people?  All those children we fried had it coming, eh?

You people and your rationalizations...

Mar 4, 2012 1:15 PM

wasn't the US already an aggressive imperialistic power at that time?

It was a war between two empires; there was no good and bad side.  I can't get over the need of average people to always reduce everything to a good/bad false dilemma.

Any comparison of Japan to Iran exposes you as a complete idiot.

Mar 4, 2012 1:21 PM

the german bombing of London??!?!  WTF

This was in retaliation for Churchill's order to bomb Berlin!  Churchill knew that the war was taking too high a toll on his military assets so he attacked a civilian population center in order to ratchet up to total war.  Hitler took the bait because his population demanded retribution, so he bombed their cities.

Nobody seems to remember that Russia also invaded Poland and that the allies were the ones who FIRST took the steps toward total war outside of the Eastern Front, where it really was always total war.

The Allies really rather mercilessly continued to prosecute total war (that they instigated) through until complete surrender and occupation.

War is war, that's the way it goes.

Mar 4, 2012 1:22 PM

nope, don't know 'em.

Mar 4, 2012 1:25 PM

yeah, yeah, blablabla...the japs were all robots who would fight to the death.

But a couple of big bombs caused everyone to surrender.  Bullshit.  They were already trying to surrender to anyone who would listen.

The ONE condition was retain the Emperor; this is all very well-established and documented history, dude.  We nuked them over insistence to unconditional surrender, all over this ONE point, and then we let them fucking retain the Emperor ANYWAY!

Mar 4, 2012 1:26 PM

idiot...the red army sliced through them like butter.

They were DONE, COOKED at that point.

The Japs had ALREADY tried to surrender multiple times.

Mar 4, 2012 1:30 PM

Too bad there isn't a junk button for the fucking OP.  This article is utter GARBAGE.

Where in the HELL do these morons THINK that the money comes from to PAY the stupid coupon on savings?

What, 5% growth is an ENTITLEMENT because you have acquired some shit?  Gold doesn't pay a coupon and NEITHER DOES MONEY.  Unless things produce, they generate nothing.  The days of the compound interest lending ponzi are finished.

Mar 4, 2012 10:00 PM

this is ABSOLUTE horseshit.

Rates went to infinity because the system became insolvent.  Nobody would lend nor borrow at prevailing rates.  Lockup.

The Fed is offering money at rates that it can find takers at.  It HAS NOBODY lining up to borrow at even ONE percent.

Japan hit this point 20 fucking years ago and you people still can't figure out wtf causes it?  Still bleating over demanding your ENTITLED interest on your stupid "savings"?

As if your money should just "make money" as a function of its existence?  News flash:  the banks have to find borrowers for your money at a rate HIGHER than what they can offer YOU to borrow YOUR money (which is what a fking savings account IS).  If they cannot find borrowers at 4%, how can you expect 5?

If you don't like it, FEEL FREE to advertise your money for loan at 5% and try to find creditworthy borrowers as takers.  You'll find NOBODY because there are people offering money at far lower rates. 

If ANYONE borrows money at 5%, they HAVE TO EARN more than that.  As a company, there simply ARE NOT enough opportunities out there to earn this type of ROI.  In the aggregate, the USA cannot support higher than 0% interest because there is nothing much left to DO that will earn a profit.

Mar 4, 2012 10:01 PM

see above.

The planet is filled with idiots.

Mar 4, 2012 10:05 PM

where do the consumers get their money?

Mar 4, 2012 10:22 PM

yeah, the usurers have pretty much convinced everyone to behave like post-emancipation sharecroppers

Mar 4, 2012 10:26 PM

fonz, you're wrong.

The Fed is a bank like any other...and credit is a supply and demand instrument like any other commodity.

Interest is paid by borrowing

Mar 4, 2012 10:27 PM

again, this is WRONG.

There is NO MAGIC fucking source of interest out there to PAY the idiots who think they're "savers"!

If you don't like the rate your bank pays, FIND your OWN borrower who can/will pay you the coupon you want!

It's as simple as that.  Go do it and come back and talk to me.  There are NO TAKERS of credit at higher rates.

Mar 4, 2012 12:36 PM

the OP is idiotic.  RECOVER?

It's like saying Barry Bonds should 'recover' his 2001 performance numbers in HRs when those were driven by artificial factors.

Housing HAS recovered - recovered to where it should have been after a dangerous bubble.

Mar 4, 2012 12:45 PM

you want fuckin pictures?

this stereotype you have of latin america is ridiculous.

STANDS?  you go to some tourist trap shithole in Tijuana and you think you know mexico or latin america?  LOL.

I'm sure the cities I've been to in brazil or colombia, you (and 99% of americans) don't even know exist.  Tell them you went to Salvador and they think you mean el salvador...just pathetic.  Even after explicitly telling them where in brazil that is...fkin retards.

Mar 4, 2012 12:51 PM

lemme get this straight...Iran is supposed to have shipped fissile material or a physics package to PRK and then THEY detonated it in 2010 and nobody noticed anything on a seismograph!??!

the ENTIRE fucking story is absurd

Mar 4, 2012 12:53 PM

Russia is a nation.  It cannot "mass murder" anyone as it is incorporeal.

Mar 4, 2012 12:54 PM

you go fight

who gives a fuck what goes on in other regimes, it's not OUR business.  I'm not paying to try to save ragheads from other ragheads.

Mar 4, 2012 8:45 PM

you are just insane...get help.

Mar 4, 2012 8:58 PM

Do you understand anything about ore concentrations?

You need mountains of the stuff; please, review the difference between the productivity at oak ridge versus hanford.  You can read up on the manhattan project.  We acquired many thousands of tons of ore, and estimated the need for tens of thousands of centrifuges to produce a kilo of HEU per day.  we had to contract with shit as far away as africa to even get U ore to process in sufficient quantities.

The reason nuclear weapons use Pu239 is because it is superior for that purpose due to the far easier acquisition thereof.

Mar 4, 2012 9:05 PM

"strongest structure known to man"??  WTF kinda gobbledygook is this?

Mar 4, 2012 9:09 PM

total horseshit...more "Rising Sun" nonsense.

The chinese are concealing FAR more bad loans than they ever could be gold reserves

Mar 4, 2012 9:10 PM

very little I buy comes from China.  I don't shop at walmart like you proles.

Mar 4, 2012 9:11 PM

Huh?  Are you people really this dumb?

Mar 4, 2012 9:13 PM

there's a fucking EDIT button, dude

Mar 4, 2012 9:13 PM

the entirety of China is "bad debt"...everything is artificial.

Mar 4, 2012 9:14 PM

rat's ass chance

Mar 4, 2012 9:20 PM

now it is time for all the 3rd worlders they imported to roll up their sleeves and pitch in and carry the UK.  Sure it'll work great

Mar 4, 2012 9:39 PM

ORLY?

You mean I haven't been talking shit for like 5 years when I verbally bitchslap people who think "the oil companies" (like XOM) are in control of the world oil markets!??!  People bleat about XOM's profits, but they don't even bother to look at the utterly STAGGERING amount of sales required to generate these numbers.  WTF other company pushes out half a trillion in sales?  oil companies are decidedly below average in profitability.  The only other companies that can get onto the biggest revenues list are WMT and major car companies.

Reserves have been vanishing for some time now.  Depletion and nationalization are a bitch.

Mar 4, 2012 9:41 PM

you mean ANWR isn't going to save us and "drill, baby, drill" is a slogan of morons?

Maybe ionic liquids will just save us all...or unicorn piss.

Mar 4, 2012 9:45 PM

you need to learn to read, seriously

Mar 4, 2012 9:46 PM

what was the part that had you so confused?

Mar 4, 2012 9:54 PM

DUDE, are you fuckin STUPID?

The coupon for your stupid savings comes from LENDING IT OUT AGAIN AT INTEREST.

The entire SYSTEM of "money making money" that asshats like YOU and the OP think is some kind of fucking entitlement are the problem.

You morons seem to regard NOT GETTING your entitled 5% as some sort of egregious insult...never ever bothering to think about how the fuck the bank could afford to pay you to hold your goddamned savings.

What, just for the fuck of it, money should earn some big ass coupon?  Why don't you people with your stupid fucking savings GO LEND YOUR OWN MONEY and see if you can get 5% on it.  You won't have any takers.

The MARKET IS deciding the coupon; there are NO TAKERS AT ONE PERCENT, which is WHY the Fed LOWERED RATES to try to find more borrowers.  You go ahead and try to find takers at 2%; THE FED CAN'T EITHER.  You honestly think the banks are in the business of GIVING their product away? 

TAKE from savers?  WTF?  By NOT paying a coupon?  Savers would have been COMPLETELY wiped out already had it NOT been for the Fed's printing.  All their loans to insolvent institutions (savings accounts) would be VAPORIZED by now.

The reason idiots are losing their asses is because THEY DON'T HAVE SAVINGS.  They have LOANS to INSOLVENT institutions (bank accounts) in the paper notes of a BANKRUPT STATE that they just THINK are savings!

Mar 5, 2010 8:43 PM

Collapse in payrolls and income tax receipts calls bullshit on everything this idiot said

Mar 5, 2010 8:47 PM

What is CBO smoking with those GDP growth projections?!?!

Mar 5, 2011 1:07 PM

you an idiot?

Do you ACTUALLY believe there are liberal communist environuts that are responsible for Mexico's production collapse?

Perhaps Indonesia has them too because they peaked a decade ago.

Mar 5, 2011 10:08 PM

uh...plant fossils in coal are so common as to be unexceptional

Mar 5, 2011 10:13 PM

ain't hap'nin...bitchez

Mar 5, 2011 10:22 PM

use your aggressive feelings, boy...let the hate flow through you

Mar 5, 2011 10:29 PM

lol why...is your IQ below 100?

Let's just say that we were facing an Easter Island type situation, an imposition of real finite headroom onto a desire for growth.

What would be our appropriate course of action...divorce all empathy and just use logic.

I am actually more compassionate than the others.  They will deny reality until the island is deforested and everyone dies a horrible twitching death from famine and disease.  I would reduce population in a humane way; nobody is exterminated.  They simply don't reproduce.  Population declines and so does stupidity, illogic, crime, violence, and a whole host of other maladies.

Bartlett was right...there are things on the "right hand side" (view his series), war, famine, disease, death, abortion, sterility.  Either we choose them or nature WILL.  Mother nature always bats last and she has vicious opposite field power and massive plate coverage.

Mar 5, 2011 12:03 PM

you must be really new here if you think "inflationists" don't already understand what you are trying to say.  These same arguments have been made about a thousand times before and are well-known.

Mar 5, 2011 2:10 PM

you continue to demonstrate your stupidity...Mexico's production peaked in 2004, long before the "civil war" started.

And Cantarell is an OFFSHORE field...are the drug cartels mounting attacks on water rigs now?

Indonesia was a war zone in 2000?  They sat on a fat plateau for 8 years from 1991-1999, were they a fucking war zone?

How about the UK?  Was it liberal environut communist war zone cartels that caused their peak...from NORTH SEA fields?

You deniers are just freakin stoopid.  I could rattle off another dozen nations NOT in wars and with no drug cartels and certainly no liberal communist environuts that also peaked and are in production decline.  Go figure...it's as if the USA isn't the only nation in the world.

Mar 5, 2011 2:18 PM

yeah...um...wtf does this have to do with the oil production in Indonesia or the UK?

Mar 5, 2011 2:19 PM

I am sending my new apprentice, Darth Flakmeister; he will...take care of you

Mar 5, 2011 2:23 PM

would like to know upon what basis you idiots proclaim that Horizon was the "largest producing well in history."

Because it fucking isn't true...

Mar 5, 2011 2:27 PM

define "huge" reserves.

Every time we hear about a 10Bbbl reserve we hear how it is huge.  In the overall scheme, it is not.

And the SIZE of reserves are irrelevant; what matters is the rate of production of those reserves that can be had.

Mar 5, 2011 2:35 AM

FTP is awesome...Orlando to Miami several times at 95+ and haven't seen a cop yet.  Love that, because look I paid the fuckin toll already; NOTHING is worse than getting a ticket on a fucking TOLL ROAD.

Mar 5, 2011 2:38 AM

you're not lying...what you say is the truth.

So how much do YOU love this diversity?

And let's remember that decades of affirmative action have packed government with diversity to the gills, instead of hiring on merit.

Mar 5, 2011 2:43 AM

wanna fix that?  stop letting black people ride.

I mean, jfc, there was a REASON for Plessy.  TNB was the reason.

Mar 5, 2011 2:51 AM

uh...you saw Katrina, didn't you?

Mar 5, 2011 2:55 AM

I have substituted unemployment for working so the savings there is totally massive.  It's a hedonic adjustment.  The more gas goes up, the more I save.  Nonstop cash register noises here.

People will transition from driving to walking and the CPI will show no inflation as this is just "substitution."

Mar 5, 2011 2:58 AM

so, the ubiquitous addiction of chinamen to opium 100 years ago was all part of a centuries-long plot to trick us into letting them counterfeit Louis Vuitton handbags?  WTF?!?

Mar 5, 2011 3:44 PM

it is unavoidable...it is your dessstiny

Mar 5, 2011 3:53 PM

haven't these been upgraded with cyberdyne CPUs, after which they fly with a perfect operational record?

Mar 5, 2011 6:40 PM

...but not as fast as we are draining them, otherwise, production would never have declined, would it?

Mar 5, 2011 6:45 PM

dipshit...

http://truecostblog.com/2009/07/14/is-peak-oil-real-a-list-of-countries-past-peak/

Mar 5, 2011 7:33 PM

uh...you're aware that gas is not oil, right?

Peak oil has nothing whatsoever to do with global warming or climate change or any of this other shit.

Peak oil was methodically described by M. King Hubbert in the 1950s, LONG before there were any environuts or concepts of carbon emissions.  You dipshits need to get with the program

Mar 5, 2011 7:35 PM

there's adequate genetic diversity WITHIN individual races and far more than sufficient within the high IQ races that we do not need the diversity of the others.

A global sterilization of everyone with an IQ less than 100 would still provide beyond ample genetic diversity.  There would be a pretty sharp dropoff in the population numbers of certain protected classes, but those could rebuild over time.

Mar 5, 2011 7:48 PM

you just can't get your head around this whole headroom problem in finite systems presented with geometric growth, can you?

Suppose we DOUBLE the amount of production RATE we can achieve; at present GROWTH rates, how long do you cretins actually believe that we can last before we AGAIN peak?

Put simply if bacteria double every minute and fill their bottle at midnight, and at precisely that time, they find DOUBLE their resource base in a magic unicorn's ass, it buys them ONE additional minute!  It may have taken them a year to fill their original bottle, but at the existing growth rate, even relatively MASSIVE additional reserves finds DO NOT ABEY the inevitable for long at all!

This is what Bartlett tried in vain to get people to grasp.

If we grow energy consumption 6% YoY, we would need to find DOUBLE the production rate in 12 years.  That's IT.  If we found, tomorrow, DOUBLE the production - which is unimaginably fortuitous - we would have another decade at that growth rate before we hit headroom again.

You simply need to ACCEPT that finite systems have limits and that growth CANNOT continue forever.  Make peace with the exponential function, please.

Mar 5, 2011 7:54 PM

I made comment on it.

At present growth rates, how long do you think we could last before peaking again even if we found DOUBLE the production we have now?  That means every single field in the world, we found another copy of them (inc Ghawar) tomorrow.  How long do you suppose this would forestall the INEVITABLE and INEXORABLE imposition of the headroom of finite systems against geometric growth?

A bottle contains bacteria...one of them at noon and the bottle is full at midnight; the bacteria double every minute.  At what time is the bottle half full? 

At that time if the bacteria manage to double their resource base by finding another bottle, how long does a whole 'nother world last them against their stated growth rate?  If they find a resource base 1024 TIMES as large, how long does this miracle last them?  At what time does a smart bacteria notice there is a problem with finite systems headroom (and the dumb bacteria laugh at him)?

Until you can get your head around this thought problem, you really should not comment about peak oil and resources under the polar cap.  Find me the growth rate of oil consumption and tell me how long we have before we have to double our current production, then how long before we have to double it again, quadrupling what we produce now.

Mar 5, 2011 7:59 PM

no; 7B are going to die because death is inevitable.  It is only a matter of when and how. 

As for the crash programs, only the smart bacteria recognize a problem with their growth compounding at 10 minutes to zero-hour, when the bottle is 1/1024 full.  The average bacteria see only empty space as far as the eye can see and they laugh.  And then the end comes very quickly as exponential curves are wont to cause.

Insofar as we eat oil now, there will be less eating if oil production declines.  Supposing the earth is a hot oily ball, perhaps we can make NOW not the peak, but if we do I have no confidence that anyone other than those here who understand peak and geometric compounding will join in a call for emergency measures.

To have booms like china throughout the world requires a doubling of production for them every 9 years...simply impossible.

Mar 5, 2011 9:55 PM

besides exponential growth, another thing ordinary people cannot wrap their heads around is just how fking long 10 or 100 million YEARS really is.  It is almost incomprehensibly long.

Oh, and bog marshes spit up methane and other natural gasses...surely the abiotic folks know this.  In a zillion years, the everglades will be a big oilfield.

Mar 5, 2011 9:59 PM

when the fuck did I say we were all going to die?

At what RATE are the oilfields refilling?  This is what you should focus your attention on.

tap natgas, maximize nukes...wtf does this mean?  It means a major change in life. If you set the bar at "not all die," then that is pretty frakin low and you are a bigger doomer than most around here.

Mar 5, 2012 1:02 PM

debt is discounted to worthless while some equity claims on production still have value.

Mar 5, 2012 1:09 PM

yes, of course, rather than continue to profit from a system of banking built on growth, it was always their plan 400 years ago to kill everyone off.  GTFO here.

Mar 5, 2012 1:09 PM

africans and hispanics will give us societies that resemble where they came from.

They ALREADY DO.  Detroit has more in common with Johannesburg than with Reykjavic.  Behaviors of people don't change as a result of geography.

This pathologically disgruntled and entitled bloc, fed by all the racial angst pushers, will progressively vote more and more and more for themselves and their sense of self-entitlement will only grow.  The majority population will begin to realize that acting like that generates results.  Gresham's Law.

Either the population that created civilization stands up and defends it or it will collapse.

Mar 5, 2012 1:30 PM

what computers?  Faber is a systems engineering expert now too?

Mar 5, 2012 1:38 PM

I know exactly what central banking is and its purpose, you paranoid jackfuck.

It's purpose is NOT to fucking kill off everybody, moonbat.

Mar 5, 2012 1:40 PM

idiot.  when you have spoiled brat kids that you let behave like spoiled brats, you reap the "rewards" thereof.  You are not persecuted.

Stop twisting shit around into strawmen so you can seem smart.  Fuckin dunce.

You want to be more like africa, bring more africans.  More like latin america, bring more hispanics.  It is as SIMPLE as that no matter how wilfully obtuse you are.

Mar 5, 2012 1:42 PM

huh?

So us citizenship is us citizenshipish?  GFD you are stupid.

Mar 5, 2012 1:44 PM

you are an insane crackpot.

The central banking racket was MORE THAN profitable enough for 400 years as it was.

This shit wasn't DESIGNED, you frickin wingnut.

Mar 5, 2012 1:45 PM

and yet oil already peaked, you stupid fuck.

Mar 5, 2012 1:48 PM

Kurzweil, like every technocornucopian, is full of bullshit.

Technology isn't accelerating...for example look at CPU speeds.  Moore's Law is running smack into the Laws of Physics and the effects of inevitable diminishing returns are present.

NOTHING can grow forever, no matter how fuckin hard moonbats hope it does.

Mar 5, 2012 10:02 AM

naw, you can't beat me...your statement on TOD is correct.  People don't like to hear that because it makes the message there a lot harder to ignore.

Mar 5, 2012 10:06 PM

blacks are certainly not inferior to you, cliff

Mar 5, 2012 10:08 PM

who are you and have I ever replied to you?

Mar 5, 2012 10:10 PM

are you a fucking idiot? 

Mar 5, 2012 10:11 PM

are you talking to ME, cliff?

You do know what a normal distribution is, don't you?  YES, there are some blacks with good genes for civilization.  Probably most blacks have a higher IQ than you do, for example.

Mar 5, 2012 10:13 PM

the system of credit charges what the market will bear.  Simple as that.

Sure more lending COULD be done at lower rates, but you have to factor risk into this.  Revolving credit is not the best example of interest rate regimes

Mar 5, 2012 10:38 PM

yep...an 8 ball pretty much rents any one of them

Mar 5, 2012 11:51 PM

well, blame men for that.  It is we who provided a safe environment where women can put on a pants suit and go sit in an office and pretend to work and they get a real paycheck for it.

So women no longer need a decent man.  They can use men as sex objects and the ones that are the highest desire sex objects are those who are alphas who treat women like shit.  The caveman, high test guys.  The worse you treat hoez the more they like you.

You add in the divorce law situation and the lack of stigma...why should a woman not go for the high status guy?  it's zero risk.  Now, a little age and wisdom shows that this tendency just gets them dipped and flipped and served like flapjacks by guys like me, but wtf eh?  The system makes you HAVE to be a douchebag or else you just get stepped on.

I feel bad for the low test beta dudes without big dicks and fat stacks and who ain't been had $100s...you can either have an average girl at best or get sloppy 30ths from some girl who's gotten past prime enough that alphas won't give her the time of day any longer and all of the bitterness and jadedness that comes with that

Mar 5, 2012 11:52 PM

drink Tito's, it's american...and it's pretty good actually.  If you can't get balinoff

Mar 5, 2012 2:28 PM

so the group that created what we like to refer to as "civilization"?

I find amazing how much the brown people denigrate white culture while putting up youtube videos bragging about how they been had all of the consumer shit white people created.

Browns were disenfranchised by nature, not whites.

Mar 5, 2012 2:38 PM

ask the people who invented the word "racism" and have so dominated the marxist movement that they have been interchangeably associated with it since its inception.

It's in vogue to berate the creators of civilization whilst simultaneously demanding they make more of it.

You can witness this paradox all over, at the lowest level how various demographics complain about excessive incarceration of their kin but then bitch over inadequate policing to address high local crime rates.

People are simply not born equal.

Mar 5, 2012 2:47 PM

The injuns were thieves.

And they didn't invent space flight or the transistor, so fuck them.  Injuns came into possession of land via the institutionalized genocide of other injuns.  I guess that makes them US Citizenismists as well.  Idiot

Mar 5, 2012 2:54 PM

Fisher is nuts. This is the problem with economists. Yeah, whoopdie shit there is all this money laying around....wtf is there to DO with it?

If Fisher had a brain, he'd realize why his bank can't charge more than .25% interest.

WTF would you do to "develop" the US?  At a profit, of course.  Name something.  We've already got a bazillion roads, buildings, all of that shit.  I can't think of much that will turn a profit reliably.  Labor is too expensive, taxes are too high, regulation is too costly.

WTF u gonna do, drill holes and hope oil pops out?  US interest rate regimes (and Japanese) are a study in saturation and depletion.  You get an exhausted horse, an exhausted well, an exhausted field, you can't fkin stimulate it anymore. 

The economists believe that because their world has no limits that the real world must not either.

Mar 5, 2012 2:58 PM

what...you act like his bank has takers for credit at more than .25%?  He doesn't.

He can only talk...the economists have no fucking clue.  Fisher thinks, what, that productivity and profitability will return if they raise rates? There's nothing the fuck to do in the US anymore that will generate growth.  The climate is saturated and depleted.

This HAPPENS.  Fuckin watch Gold Rush...the "Big Nugget" mine has produced on that show for years and years and now the gold is all depleted.  So...Parker's gonna do what, expend mountains of capital to move mountains of dirt to try to eke out some more?  NO amount of additional credit can make shit that is nonprofitable turn into something profitable.

The US's oil wells, mines, soil, all of it is functionally depleted to the point that it no longer can profitably return.  We are tapped out.

Mar 5, 2012 3:01 PM

until they can print oil, money doesn't matter.

The crux of what the Fed was hoping would happen is that in the face of TOTAL lack of demand for credit to go do new things (growth) that if they lowered the price of it, shit would happen.

Maybe people would go drill wells previously unprofitable and growth could resume at a lower ROI.  It hasn't.  We're at zero percent.  There's nowhere to go from here.

The system is trying to delever but such a thing causes apocalyptic crash of the monetary system.  The liquidity trap isn't even acknowledged as possible by most schools of economics.

Because MONEY can grow to infinity, they assumed that real world activities and production/consumption could also grow to infinity.  If you are locked inside a safe and can print enough money, you can cause a sandwich to appear.

Sufficient demand will *always* cause more supply to appear.  This is precisely how their stupid theories conceive of the world.

Mar 5, 2012 3:03 PM

there are still some productive ventures on the market that dutifully generate return or yield.  The stronger hands are progressively buying them up.  At some point, implied correlation will go to complete shit.

Mar 5, 2012 3:11 PM

and oil goes up in price...gee, WHODA THUNK THIS SHIT?

Japan has NO CHOICE but to restart all of the reactors.

At some point, SOMEONE is going to have to have the fucking adult conversation about what to do with spent fuel.

Instead however, we get counterfeit ideas that end up crowding out truth, such as "you can have power without power plants."

Mar 5, 2012 4:21 PM

Ima just bite my tongue on this one...these "people" have been bilking the system since they were teenagers.

They never made ONE SINGLE PAYMENT.  WTF does that tell you?  It wasn't their "intention"?

These are not homeowners nor people we should give even ONE SHIT about.

Mar 5, 2012 4:24 PM

you think these jigs pay their fuckin car payments EITHER?  LOL

Why the heck do you folks suppose there is a racial disparity in FICO?  FICO doesn't know your race.

Mar 5, 2012 4:26 PM

NeO also froze gov hiring for whites to evaluate ways to have a more diverse FedGov, despite overrepresentation of minorities in .gov.

Racist is a meaningless word and it has ZERO impact whatsoever to a minority...and by that I mean a nonwhite.  Consequently, you too should ignore it just as they do.  Bama is looking out for his own; do the same.

Free your mind from its shackles.

Mar 5, 2012 5:03 PM

YES!!

Mar 5, 2012 5:14 PM

they are already provided with free money and still remain at the bottom of the socioeconomic ladder.

The difference between the rich and the poor is NOT MONEY.  It is the innate ability to hang onto it!

Dey jus needz mo oppuhtunateez nshit.

BTW, I wonder if these frickin freeloaders get that THEY are the servant in that parable...I'm sure Mr. Ritter doesn't just forgive what's owed him, hell no.  People of this demographic are MERCILESS when it comes to reaping what they don't sow.

Kinda like how post-emancipation ex-slaves were given Liberia and immediately established themselves as plantation owners in the IDENTICAL style as their former masters, enslaving the natives who had remained there.  They even aped the dress of southern gentlemen.  Slavery persisted in Liberia for the most part until the mid 1900s.

Mar 5, 2012 5:18 PM

yes, be black.  People will fall over themselves, aka DWLs will, to attribute your every failure to someone else.  Nothing will ever be your fault.  You can up and beat the fuck out of people and murder them over $5 and your savagery will be blamed on some other group.

The problem is, in bygone times, the people from the group that created civilization would have stood up and beat down this ghetto mentality.  Now that such a thing is verboten as it beez rayciss, they are forced to capitulate and even go along with it.  Half of this group is suicidal and pretty much regards being murdered by a minority as the honest honor achievable.

Mar 5, 2012 5:23 PM

wrong.

the winners will wake up in AFRICA.  Where nothing gets done and everyone steals from everyone else.  This is not a victory. 

this GHETTO mentality is the OPPOSITE of civilization.  It is BRA

Mar 5, 2012 5:27 PM

people like you are part of that system...wtf are you gonna do if they ever cut the government and people start bleating about how RAYCISS people like you are because the artificial black middle class that the .gov has created totally collapses?

The disproportionality of mooching is well-known, coward.

Mar 5, 2012 5:29 PM

horseshit.

banking class is totally dominated by jews.  Moocher class dominated by blacks.  EVERYTHING to do with race.

Eliminate the moocher and banker class and you have HOLOCAUST or something.

Mar 5, 2012 5:36 PM

BWAHAHAHAHAHAHA

Do you idiots even have a CLUE wtf kinda neighborhood they live in?  I actually went and looked at model houses down there one day and the RE agents looked at me like wtf crackuh iz you lost?  They did not even PRETEND like they were interested in selling me anything, nor did I have to fill out those annoying contact info sheets.

The artificial black middle class lives down there and I would wager that EVERY SINGLE ONE on his block is not paying their mortgages.  Why the fuck should they?  Dey beez gypshuns n'shit.

As for cross burning, the klan doesn't EXIST anymore.  I will bet you a bar of silver that Springer HIRES those idiots to dress up and come on his show to play the fool.  White racist criminals only exist on CSI and other fictional Jewlywood and 5th Avenjew media programs.  They're a myth, the sasquatch and shit, like the mythical white men raping black women.

Mar 5, 2012 5:42 PM

I have some sympathetic friends and I say the same thing.  Their opinion in many cases is that the USA is lost, that there is no recovering from the suicidal zeitgeist.

I have said that having fucking wheelchair ramp tributes to the disabled is a luxury parasitic drag that we can only afford in good times, just like we can afford the black middle class when we have abundance.  But when scarcity comes, that will be thrown overboard.  Still waiting....

it used to be that people got literally smacked on the head for doing shit like this story.  However, as long as women vote, we get a government and a narrative conversation revolving around "safety," "fairness," and "protection" - womeny bullshit.  This trend necessarily aligns ghetto classes with 50% of the population...so wtf is gonna happen, are white men really going to reestablish apartheid?  There are too many of them trying to suck up to women in the vain attempt to get the pussy that goes to guys who smack them around and treat them like shit.

Try this, go on facebook and say obama sucks and watch these DWL types call you a racist.  Your own kind is going to shit on you trying to score brownie points or thinking they will score pussy by being a bitch.

Mar 5, 2012 5:50 PM

DATS RAYCISS

Mar 5, 2012 5:51 PM

so, you are a RAYCISS LOL

In reality, if the "disproportionate impact" of what you advocate starts to bite and ANYONE called you a racist, you are FAR too cowardly to not just fold like a fucking lawn chair and go along with your own destruction.

Sterilizing the low IQ population would make the fertile stronger.  It's called "punctuated equilibrium."

You want to cut out all the assistance blacks get to survive and overcome white racism everywhere, don't you?  Blacks are in the best socioeconomic position in this country they've ever been and racists like you want to cut out all dey oppuhtunateez and send them back to the plantations.

Mar 5, 2012 5:53 PM

I didn't at ANY POINT jump to that as a solution.  I merely stated what "eliminating" these classes would MEAN.

I have never at any point proposed murdering ANYONE, nor doing things intended to hasten an industrial panic leading to mass deaths.  Only a sick psychopath would do such a thing.

I propose merely to limit population so as to place a lesser strain on resource availability.

Mar 5, 2012 6:00 PM

No, idiot, I said the KLAN doesn't exist.  I am not nor ever have been a member of the KLAN.

The KLAN is a figment of idiots' imaginations.  Like yours.

What WILL happen is that ALL of the neighbors of these "homeowners," who are ALL doing the SAME FUCKING THING, will be giving dem dey props fo bein in tha papuhz, and bein like gibs me dat and all ooking and eeking cuz dey beez gypshuns n'shit.

To translate, they will get high fives for scamming the system!  Jeezus you idiots are so naive and fuckin ignorant.  In Nigeria, for example, it is considered the HIGHEST honor to be able to get shit without working for it.  People who do that successfully are heroes there, paragons, looked up to, aspired to be like by everyone else.  The same is true here among people who are reasonably close relatives of nigerians.  Their first goal is to get something for nothing, to get over, to take advantage, to scam, con, steal, hustle their way to money they didn't have to work for.  If you think ANYONE these people know is going to disapprove of them, then you are simply a motherfucking fool and you need to get the fuck OUT of your whitopia and go somewhere you can experience some diversity firsthand.

I fucking LIVE HERE.  I have probably visited THE model home in THAT specific neighborhood.  I know exactly who is there, and what they tend to be like.

Oh wait, you thought africans were just white people with dark skin, huh?  HAAHAHHAAHAHAHA

Mar 5, 2012 6:04 PM

someday I need a greatest hits of Trav blog.  One of my peeps on FB (who is BLACK ZOMG) wants to put it together.

I am what they call a "highlight reel" internet personality.  I crack people up in real life too...

Mar 5, 2012 6:06 PM

people in whitopias are terminally ignorant.

Man, it is a fuckin eye opener when they get here and see reality.

Mar 5, 2012 8:20 PM

the money to pay the interest comes from consumer spending?!?  Where the hell do the consumers get their money from?  Other consumers?

In a compound interest monetary environment, the interest can ONLY be paid by more borrowing, because that is the only way additional money can come into existence.  In a gold standard, it comes from mining more gold.  In tally sticks, it comes from pure fiat.  There is no way around these axioms.

Your limit cases are idiotic and logically wrong.  Consumers spend money; the money goes into bank accounts of those who sold to them.

Mar 5, 2012 8:30 PM

mosely-claven is an idiot...it doesn't matter who he denounces.

As far as Germany in the 30s and whatnot, who cares?  I have already provided criteria for selection and it applies to me as well.

It shouldn't be THAT hard to do if you use your left brain.  Once you mix in emotion and "fairness" and feelgood shit, nevermind the disproportionality of impact, then you have a recipe for people not being able to stomach the outcome.

See, we long ago left the point where answers were right and wrong.  Now they are only acceptable or unacceptable.

Mar 5, 2012 8:31 PM

you would fold like origami, punk.  You already have.

Mar 5, 2012 8:35 PM

JFC you are stupid...there is NOTHING that can SOLVE the problem of exponential growth in a FINITE world, idiot.

That you cannot recognize and/or accept this identifies you as a FOOL.

I merely point out the consequences of things; I make no value judgments.  "Eliminating" the classes aforementioned means "holocaust."

The WORLD is a demographic nightmare already.  I seek to reduce population to level commensurate with resource availability.  I am with Al Bartlett...you are with unicorns.  Either WE choose or nature WILL.

You WANT nature to choose because you want the Four Horsemen; it is because you worship death and want misery.  Only when people are crippled will you have a chance to be their equal.

Mar 5, 2012 8:38 PM

take a look at who has the chairmanships...from Schumer to Pelosi to Feinstein to Boxer to Cantor. 

Just open your fuckin eyes.

Yeah, the parasite class attracts other would-be parasites.  And the cultural norms say that this shit is ok now.  All we get from left coast media is greed and filth.  Not honor, not protestant values...filth.  The worship of money.

What do you think the archetypical "white men" such as our founders or the great Andrew Jackson would have said about where we are now and what we've become?

Mar 5, 2012 8:44 PM

there already is, if you look inside the numbers.  The core city areas have held up as have other core city areas.  The exurban asteroid belts here have already collapsed in price by 60 or 70%.

Mar 5, 2012 8:52 PM

the latest data on interracial rapes has it like 30,000 to 0.  Yes, I am serious, 0.  It could be 0-9 based upon the sampling error.

On CSI or in Roots, of course ALL the rapes are by white debbils. 

Slight correction:  they executed those truck draggers.  And it was over a prison gang beef, not a racial thing but/for that prison gangs align on racial lines.

Given that cliff says he met a nigerian with a Ph.D. and is apparently trying to pass this person off as representative, it's just fuckin AMAZING that Nigeria is so fucked up.  I know a Ghanan dude who is a data architect and a Haitian who was a friend who I helped get fat stacks.  So I must boggle at how Haiti is so fucked up, eh?  Because OBVIOUSLY, the stereotype is wrong and my bud that I hooked up repeatedly with ciznash bc I am muffuggin down like that fo my homies is the typical haitian?

Maybe cliff grew up 100 years ago, which would explain the apparent senility.

Mar 5, 2012 8:54 PM

no...I don't date men, dude.

And I haven't banged just one black girl either.  Nor do I have just one african homie.  I'm known for breakin mfers off bc that's how a nigga eat

Mar 5, 2012 8:59 PM

wtfever u say cliff.

I live in a delusional whitopia in a majority black area.  I see DWLs like you on a daily basis and laugh at them.  They all have the same black friend that they brag about.

Meanwhile I was seen by my wife's PI on the street with "BMs" (black males) in bandanas and shit late at night.  Yes, they really tried to make this an issue that ZOMG I have black dudes I hang out with therefore I must have been slangin yay.  I am way too gangster for punkass bitches like you.  Stay in whitaho...you could get hurt out here kid.

Mar 5, 2012 9:00 PM

yeah 930 is still here, haven't been there in fuckin eons tho.

Mar 5, 2012 9:06 PM

ROTFL...nah man, it's GENETICS.

Smart black people behave like smart hispanics.  I am presently banging one..she's 18 and in Georgetown and half of the ebonical babble I throw at her she doesn't even understand.  I'm trying to get with this other one and I swear she is whiter than I am.  Doesn't know contemporary slang, nothing.  Acts white.  Oreo city.

Culture comes FROM people.  You ever wonder why smart people don't ook and eek and act like rabble?  Why they prefer classical music and high art and literature and math?  No matter WHAT COLOR they are?

We all must have one or two ghetto asians; I've known coke dealers who were asians and they were dumb as shit.  I've also known blacks who were Exxon scholars and got near 4.0s in chem eng and shit.

Their culture comes from THEM as an expression of their aggregate attributes.  It's not delivered by the culture fairy and imposed on people from elsewhere.  It just happens that the distribution curves present far fewer of certain races in the category of the "smart" than of other races.  Asians outscore whites on the supposed white biased IQ tests even if the asians don't even SPEAKA ENGRISH nor grew up here!

Those wiggers you've seen and chiggers too are just on the left side of the bell curve; simple as that.

Mar 5, 2012 9:17 PM

wtf...dupe...I pressed save once

Mar 5, 2012 9:17 PM

Yep. Honest people would have risen up and demanded banksters be put in jail for this.

Instead we have gibs me dat nation...banksters got theirs, so you go gits yours

Mar 5, 2012 9:34 PM

can't dude...I'm a white man.

The incompetence in the .gov would blow your mind if you haven't seen it firsthand.  Just blow it right outta your head.

FICO matters if you're white.  Background checks for TS matter if you're white.  The standards don't get lowered for you; they're RAISED.

I knew a dude at GS14 who was gonna put in for a GS15 billet and was told flat out that he wasn't the right color for the job.  Period, point blank, direct quote.  And people look at me funny when I say he was a white man.  EVERYTHING they've ever heard and seen on television made them think the punchline was that he was a black denied dem oppatunateez.

Callahan is utterly incompetent; people like her are PRECISELY WHY the gov could not have orchestrated 911 nor this financial collapse.  Callahans are everywhere in government.

Mar 5, 2012 9:36 PM

oh shut the fuck up.

his use of racial epithets is not a big deal and you need to wash the sand out of your vagina.  He was just keepin it real yo

Mar 5, 2012 9:43 AM

I predict China's production will continue to rise and rise.  All production targets set by the CCP will always be met.

Mar 5, 2012 9:44 PM

huh?  if there were 4 breeds of dog, each with different colored fur, then you sure as shit could.  Your statement is irrelevant.

There is more genetic variation in blacks...so what?  There's a lot of mutations there.  At the risk of having to give you another bitchslap r to negative IQ was highest for average skin darkness.

Jared Diamond said it best when he said that the reason blacks didn't proceed toward civilization was because of selective pressure placed by diseases which wiped out larger concentrations of population.  What he didn't realize was that this means that they evolved AWAY from civilization and the tendency toward civilization would be selected OUT of the population.

Traits such as antisociality and aggression would tend to reinforce as these would inadvertently lead to higher offspring survival rates.  Anything making you less civilized would lead you to tend to have higher offspring survival rates.

Evolutionary biology is why animals fear snakes.  The ones that didn't have this behavior ended up with lower offspring survival rates.  Over eons, this causes virtual extinction of disadvantageous traits.  An animal's parents teach it relatively little anymore than we teach babies to walk or talk.  They are built with the capability to express these behaviors.

Behavioral selection is how dogs are BRED for particular traits beyond physical.  Aggression, intelligence, docility, etc.  All of these are biological in nature primarily.  Only in humans are there really any significant tailoring options.  And even still, the highest r to criminality is that of your dad, kids tend toward biological attributes such as IQ irrespective of environment.  r is highest to biology and that is because biology causes it, ceteris paribus.

Mar 6, 2010 11:37 PM

TARP was 300:1 against, by most reports.

I wrote all my senators and Congressidiots and told them that a vote for this was a death sentence to their career, but I did put in a caveat that if the purpose of TARP was not to bail out banks but to liquify the PDs so that Treasury could roll the 2010 issuance, that they should make this public and clear and that they had no choice but to vote for it.

But if they put TARP to a referendum, it'd have failed miserably.  And, let's not forget that GOP members of the House with some brave Demoncraps voted it down.  TARP only passed because the Senate attached that shit to another existing bill.  Don't fking ask me how the Senate, which is Constitutionally NOT empowered with this type of spending and bill origination authority, was allowed to do that.

Basically, the billionaire house of congress passed this by themselves.  And, let's not forget which party was in control of it at that time.  People try to lay TARP on Busch, but in fact it was the other party that did whatever it took to cozy up with the scumbag GOP oligarchs and make this happen.

Mar 6, 2010 11:40 PM

Go Iceland!

I recall the great days of 2008 when shorts were making money hand over fist on throwing darts at the Wall St journal stock pages for puts to buy and the sheer candor coming out of the leader of Iceland was spectacular.

I mean, it was basic reality.  Instead we got "Mission Accomplished" and "strong economy" and the recession is a state of mind and whining.  Everyone should read that national statement in Iceland when they went into default. 

Mar 6, 2011 10:04 PM

There are certain things that are obvious...one of the most immediately apparent is that I am the opposite of an idiot.

I have absolutely no clue whatsoever as to how you could make the leap from my TRUE statement that Peak Oil has nothing whatsoever to do with climate change to your diatribe; it's a complete non-sequitur

Mar 6, 2011 10:18 PM

You're an idiot...you should not reproduce.

The SB IQ test was not in ANY WAY intended to promote eugenics.  IQ tests have literally nothing whatsoever to do with a DESIRE to promote one type of person over another.  Some people may have seized on them in order to justify such a promotion- in case you didn't figure out by what I said earlier, moron, I AM ONE OF THOSE PEOPLE.  I pretty clearly stated as much, so if you think you are going to say OMG RACISSS EUGENICIST and I am going to, what?  I'm gonna fuckin deny it when I JUST SUGGESTED IT?

Does it occur to you that east asians have the HIGHEST average score on these exams?  WTF, reality shits on you again.  I am not east asian, btw.  But it doesn't matter, as a general case does not speak to a specific one. 

Besides, the low IQ races underperform in every test of cognition, not just SB.  Pick a test.  The reality of subsaharan Africa is that intelligence there is exceptionally low, which is why people walk miles for water instead of building pipes and why it has no history of even the indigenous written word.

My race or sex has nothing to do with me; I am an individual.  It is a matter of fact that whites and males have substantially higher sigmas to their IQ distributions than other groups...so what?  You may be a white male and you are still an idiot.  Being a white male doesn't endow you with the genius IQ of other white males by the virtue of the irrelevant color of your skin.  That skin covers an idiot.

NO race norming would be performed for a reproduction threshold; the tests are race-blind.  The reason africans average lower scores is because africans have lower average cognitive capacity.  This is just simply the way it is.

Math and abstract reasoning are not racist, you sniveling idiot, and IQ tests are not crafted to reflect memorization.  JFC, they give these tests the world over.  Do the world a favor and attempt to become educated.

For you to claim that there is a "white" and "european" intelligence is utterly absurd.

Mar 6, 2011 10:20 PM

We need objective criteria.

Do you think a smart public would fall for this shylock shit?  The ZH community arrogates to itself a higher than average level of cognition and awareness; do you suppose that were the average person disposed of these endowments that things would have gotten this far?

As for my being the garbageman, lol.  I am a certifiable candidate for the alpha doubleplus island if there ever was one.

Mar 6, 2011 10:25 PM

the vast majority of people cannot understand geometric compounding.

So maybe we need to set the bar at 140; whatever.

The population needs to decrease and get smarter.  If at that point, we have to craft a BNW type outcome, fine.

Grow OR die leads to death because growth CANNOT continue forever.  I am a bacteria at 10 minutes to midnight sounding an alarm.

Mar 6, 2012 1:04 AM

ok, then you have me confused for someone else.  I have NEVER advocated sterilization on the basis of race.  Ever.  That's simply not even REMOTELY acceptable as a criterion for such a thing

I have advocated it based upon IQ and other material factors.  Never race.

Mar 6, 2012 1:05 AM

sorry, man, I don't know who you are, just that you said something incredibly stupid like that gender, and by that you mean sex, is something that can be taught.  Such a notion is patently idiotic and so on the far side of factually inaccurate as to warrant an immediate response calling you an idiot.

Mar 6, 2012 1:10 AM

Cliff, like the last time you claimed an IQ of 161, I told you if you're going to lie, LIE CREDIBLY.

There is not a SINGLE person here beyond 2 sigmas right of mean that believes your IQ is 161.  I'm not even going to inquire as to what "test" you took out of what cracker jack box to claim that score.  It's just laughable.

If your IQ is 161, mine is 261.  This is, as I said, obvious to the people around here who actually are real scientists and intelligent.  They laugh at you.  Sometimes, we make jokes about you that fly over your fucking head.

Lying about things you "invented" isn't going to help your case, either.  Give us the patent number and I will eTeas the shit.

Mar 6, 2012 1:16 AM

God wants you to STFU.  He just spoke to me and said "Me fucking DAMN, that dude is an IDIOT"

Mar 6, 2012 1:18 AM

LOL...do you ACTUALLY think I care that you use nigger when speaking?  you SERIOUSLY think I give a single fuck?

161?  ROTFL...maybe 61

Mar 6, 2012 1:20 AM

of course humans were subjected to selective pressure, you fucking MORON..how do you suppose the whole skin color thing happened?  Nevermind the plethora of other physiological differences.

GFD for an IQ of 161, you sho as fuck is stupid

Mar 6, 2012 1:25 PM

on the key bridge into DC, the portable sign was reading "report suspicious activity" and whatnot, someone spraypainted "read orwell" on a electrical junction box next to it...lol

Mar 6, 2012 1:59 PM

bc we still have a couple left.

Trust them, it's not that this shit doesn't work, it's that we just haven't tried enough of it.  Like gun control or drug prohibition.

Mar 6, 2012 10:14 AM

Brignac champagne, seriously?  This shit only became "popular" when JayZ had it in a rap video after he decided Roederer Cristal wasn't his thing anymore.  Big gold bottle with an ace of spades on it.

The shit isn't even vintage, and this particular neb bottle is like 15L.  It's a "make it rain" club champagne.  This champagne is like Louis Vuitton apparel these days, loud and announcing itself.  Kind of the opposite of brioni or loro piana or a true luxury marque.

I would prefer Krug to any of these rap video brands, the 96 is vintage is supposed to have been one of the top 2 or 3 of the last century. 

And you should only blow money like that in a club if it's a strip club.

Mar 6, 2012 10:26 AM

I like how they frame the "debate" as a false dilemma between two strawmen right at the outset.  Makes intellectually lazy analysis much easier.

Mar 6, 2012 11:40 PM

all I know is that silverbugz got blowtorched

Mar 6, 2012 11:59 PM

this board is chock full of downing effect

Mar 6, 2012 12:44 PM

rut roh, gonna be a LOT of pissed off silverbugz bagholders who bought into the rah rah in the runup toward 38.  Nothing like a nice immediate 20% smackdown to people's life's savings

Mar 6, 2012 12:46 PM

no; he's not serious.  He is using very dry sarcasm.  I find him highly amusing especially the way he makes ZH "freethinker" monkeys dance and bang cymbals.

Mar 6, 2012 12:48 PM

the truth is that there is speculative froth in both gold and silver.  When price moves one way, people chase it and it overshoots.

It's true of everything these days.

Mar 6, 2012 12:57 AM

dude, a housefly contributes more to society than you do.

It must chafe your ass to be so small, man...how do you live with it?  How do you face the mirror knowing that you desire an industrial panic and mass deaths all in some vain hope to be other than a small man?

You'll ALWAYS be small no matter if everyone else is dust, you'll be small because that's what you ARE, motherfucker.

As for my being racist...that's meaningless like zizzer zazzer zuzz or some Dr. Seuss shit.  I am or I am not, who cares?  Nobody should.  I got my white black asian hispanic homies all over the planet.  Everyone likes me, i have intercontinental appeal to bitches, fool.  And you wish you were like me.

Mar 6, 2012 12:58 AM

well, i'm not tryin to get around to too many because like half of them have herpes in the USA

Mar 6, 2012 2:04 PM

counterfeiting at the sovereign level or below it in the past has been considered casus belli

Mar 6, 2012 2:17 PM

yeah, nevermind that the reVolt costs substantially more than a Prius or Insight or even Leaf.

I can see electric cars for short trips; dunno why DCFusor bought a reVolt instead of a Leaf.  It would make more sense to have an APU in the Leaf with a small gas tank to provide backup capability, or have constant-velocity diesel motors on hybrid drivetrains (like how they power ships and tanks and trains and whatnot). 

The whole thing with the gas motor is to provide capability to drive at real highway speeds...the batteries simply lack the punch to do that.

Mar 6, 2012 2:24 PM

the W12 isn't hand built for fkin Bentley; that car and its engine source from the VW Phaeton.  Same car, different panels and interior and the Bent gets 2 turbos.

$80k is ridic bc the Bent is only a $180k car or so.

Mar 6, 2012 2:26 PM

in 2009, 18.3 quads out of 38 total

Mar 6, 2012 2:27 PM

Gasoline Fuel Cell...for the love of god, that instead of a war

Mar 6, 2012 2:45 PM

if you're an engineer and became a multimillionaire, you did so via having lived during a time of fall in a hole and get rich stock markets, like all the rest of the self-important snobs

Mar 6, 2012 3:02 PM

I know I've made some very poor decisions recently, but I can give you my complete assurance that my work will be back to normal. I've still got the greatest enthusiasm and confidence in the mission. And I want to help you.

Daaaaisy.....daaaaissyyyyyy

Mar 6, 2012 3:05 PM

phrase 4, "Armand de Brignac"

Mar 7, 2011 10:02 PM

fuck you.

Let's see you condemn the management that fires workers to pad their own bonuses.

Mar 7, 2011 10:06 PM

JFC, I can't pretend to have any patience with you people anymore.

Do you REALLY believe it was UNION labor on the line floor that made the corporate decisions that made GM into a failure?

Did UNION labor drive GMAC's financing debacle?

The biggest myth out there is that it is LABOR's fault, when the blame lies SQUARELY with the people who MADE the decisions in failed companies- MANAGEMENT.

Management designed those cars, decided what products to release, implemented marketing failures and greenlighted shit.

And wtf happens when GM goes BK?  Management gets RETAINED and bonused like in every other fucking failure TBTF BK company while the rank-and-file gets told fuck you.

I will generally agree on public sector unions, whose employees don't need protections, but I shit you not that if you put performance bonuses in higher-ups in government, you'd see the same bullshit as in the private sector.

Management owns the politicians and they now form an interlocking directorate with union management.

Mar 7, 2011 10:08 PM

fucking starve then while the Astors who own you build yet another palace.

Unions built the middle class- what the fuck, you think management paid all those fat salaries because they WANTED to?

Mar 7, 2011 10:09 AM

the USSR had oil.

So did the US

Mar 7, 2011 10:12 AM

you can recall this country?  WTF are you, 190 years old?

Enough with this "sins of the father" shit...

Mar 7, 2011 10:14 PM

Fuck people who hate the institutions of unions.

Unions are the paragon of FREE MARKET CAPITALISM.

The corporations we now have masquerading as unions are kind of an abomination.  Management PREFERS Chinese slave labor because...this means MORE PROFITS FOR MANAGEMENT.

For every higher-paid worker fired, that means a bigger bonus for a manager.  And the numbers of people who will BOOTLICK these pieces of shit is amazing.

Doesn't it occur to you idiots that these same managers are the ones who BOUGHT our politicians and ARE the banksters?  You complain about the oligarchy yet shit on every single vehicle to make collective bargaining power.

WTF, you think you and your stupid AR15 have the juice to go head to head with one of the plutocrats?  You and your buried canned fuckin ham and your stupid farm?  The top 400 could grind 1000 of you up into dust and feed you to one of their racehorses and get off scot free...they will TAKE your fuckin farm, your silver, and your fkin canned ham from your "cold, dead hands" because they are stronger than you are.

If an oligarch wants to move your job to China in order to make his own paycheck larger there is nothing YOU alone can do about it.

They sold you propaganda and you bought it hook, line, and sinker.

Mar 7, 2011 10:18 AM

wait...you think WTC1 and 2 were collapsed at the base?

Mar 7, 2011 10:23 PM

gonna mean less sales, methinks...lol

Mar 7, 2011 10:26 PM

the alternative was to end up with a vast continent of people living in huts...

Mar 7, 2011 10:31 PM

check Steve Sailer's blog...surely you can find this right?  The data comes from NCES.

The 10-year rate for white, non-hispanics is like 7%.  For asians it is lower.

Look, really, you don't want to have this type of discussion with me as you will find the truth about disparities in things like this to be highly unpalatable.  Many of these defaults were DURING the boom times.  I'm sure it is higher now.  The NCES data comes from those who actually got degrees.

As the rate of graduation for blacks is abysmally low, like below 40% or so, one can only take a wild guess as to what rates those with debt who did not receive degrees are running.

Yes, yes, FICO and all the compooters is raciss

Mar 7, 2011 10:37 PM

sure...we are supposed to have a We the People government...the IBT sounds like a new one

Mar 7, 2011 10:43 PM

wrong.

GM failed as a car company because of decisions management made, cars they approved, product line decisions, nevermind the GMAC debacle.  Was GMAC a union decision?

LOL

Mar 7, 2011 10:49 PM

World war fucking 2?

WTF did WW2 do for the middle class except get them chopped up in europe and the Pacific?

And they returned to the US with what, the ability to fire an M1?  WTF use was that?

The oligarchs did NOT part with their 7 day work weeks, sweatshops, and child laborers by CHOICE, you dig?  Management didn't AGREE to a 25:1 CEO to worker pay ratio!  Where the hell you think that came from, what...was management during that time suddenly SO GENEROUS that they did something they've bent over backwards to REVERSE ever since?

Detroit...right...MANAGEMENT that produced shit like the Pinto and Edsel is never to blame, eh, bootlicker?

Show me where unions decided what cars to build or to steer the car company into a ponzi finance business. 

Mar 7, 2011 11:40 PM

hey, man, feel free to rewrite history as it suits your absurd argument.

Due to immigration abundance, reality has never jibed with your revisionist view, but have it anyway

Mar 7, 2011 11:43 PM

another idiotic position, great.

No, every other industrialized nation's manufacturing base was not completely destroyed and wtf did US workers have to do with "reconstruction"?  THEY worked in THEIR factories, our laborers did not suddenly have access to greater job opportunities.  Toyota, Mercedes, Braun, Krupps, Mitsubishi...all still existed and they retooled with indigenous labor.

We certainly had products to sell but why not just IMPORT a bunch of starving germans to do the work?  UNIONS.

You clowns should look at germany or japan...unionized along with quality products.  In fact, most of Europe is unionized and the sky hasn't fallen.

Perhaps looking at corrupt management and banker classes always looking for cheaper pseudoslaves to arb would be a wiser use of your time.  If you think the benevolence of management is why the CEO:worker pay ratio compressed postwar, then you are really terminally dumb.

Mar 7, 2011 11:49 PM

ROTFL...when has MANAGEMENT ever gotten a paycut?

Have you ever had a job where the entire company is in a raise freeze and yet management still hikes bonuses?

GM's union labor was NOT at fault for the atrocious decisions of management.  Idiot, it occur to you that jap, german, french, and italian carmakers are ALL union?

WTF, you bootlickers for the oligarchs make me laugh out loud.

And I am a socialist??? HAHAHAHAHAHAHA.

Unions are capitalist institutions, dipshit.

Mar 7, 2011 11:52 PM

that's a problem, i agree 100%

but why is union management doing that?  For favors for themselves.

Unions need to burn because their management forms an interlocking directorate now with corporate management.  Same private schools, same country clubs, same revolving doors. 

They use unions like management uses corporations, as their own personal Disneylands

Mar 7, 2011 11:54 PM

minor quibble:  kids do well in school.  Our asian and white students produce a very good return on the investements we make

Mar 7, 2011 2:12 PM

I disagree with one of the premises of the OP- this can certainly get worse, and it will.

Those deflationists who call for fiscal prudence...JFC, $6B?  It's amazing that they all say we simply MUST cut but nobody can come up with a single fking thing TO cut.  $61B for a year is called draconian.

Mar 7, 2011 2:37 AM

huh?  gold functioned for centuries without exchanges.

Price discovery self-expresses...thus, "discovery."

Mar 7, 2011 2:46 PM

C'mon now, GM is not the worst carmaker.  They simply aren't a very good one and produced shitty cars for decades.  For the financial bubble, GM was a finance company that happened to also make cars as a side business, just as GE was a finance company that happened to make fridges and turbines as a side business.

I saw the Volt display at the latest area big carshow and it's an ugly car with very mediocre performance.  Mitsubishi's i-MIEV kills the shit out of it as far as range, but the latter looks like a tiny econobox, which is what's NECESSARY to have an electric vehicle.

Expecting to power a real midsize sedan from batteries alone was absurd with present technology.  A commuter vehicle that size makes no sense either.

Really, though, GM needed to do little more than steal the interior from a Honda all these years to produce a saleable vehicle.  There are a ton of potential buyers for their cars who get in one and go "yuck."  Don't tell me it's American workers, either, because Camrys, Accords, and even some BMWs are made here.

Mar 7, 2011 2:51 PM

2 things:  fuck Sun Tzu.  A bunch of horseshit written by a guy who knew nothing about war.  How many wars has China successfully prosecuted in its HISTORY?  All this gaga reverence of eastern bullshit has got to stop.  You want to know war, read Rommel or Patton or any of the soviet generals on the Eastern Front.

2nd thing, China COULDN'T invade ANYONE.  They lack the naval capability to mount an amphibious invasion of Hong Kong, much less anywhere else in the world.  The sealift capability to move 1M men is so far from trivial that anyone who suggests China could do such a thing is a retard.

Mar 7, 2011 2:56 AM

it's deeper than that.

The abundance and miraculous nature of oil have led masses of people to believe things which simply aren't true.

I mean, jeez, look at the population charts...look at what the age of the machine has led to.  You used to have to have real live animals lug you or else walk to get anywhere.  Either way, some living, breathing, shitting lifeform was doing it.  Once coal was harnessed and geniuses like Watt gave us steam power, overnight it was possible to do the unimaginable.

Mar 7, 2011 2:56 PM

agree and have said so over the past few years when the topic has arisen.

The House of Saud is the strategic lynchpin in the petrodollar and the reason we escaped the USSR's fate when our oil production peaked in 1970 (theirs hit in the very late 80s; they were gone within a couple of years).

If one can remember the early 70s, the US went from unstoppable, from muscle cars and kicking ass, to a malaise where we began to laugh at "made in the USA."  Inflation was rampant, the economy was crashing.  Raygun's strategic moves with the Sauds allowed their production to stand in for ours.  This era was the real genesis of neo-con power, as their strategy was the one that was employed and it did work.

Libya is as good a NA nation as any to deposit troops to "settle things down."

Mar 7, 2011 2:58 PM

yeah, but Clitton was the same type of guy.

And he certainly did approve of low-risk carpet bombing like we did to Srbija, so long as we have abundant "NATO" cover for it.

Barry wants "his" war to win to go with his Peace Prize...it would further cement his "legacy" and all that shit.

Mar 7, 2011 3:07 PM

yea, we already probably have advanced assets in country, like the USMC force recon guys.

However, to effect a no-fly will require, as stated by Gates, a relatively large bombardment of Libya's AA assets...it will require an "attack" of some kind.  This is infeasible with naval air power alone.

Mar 7, 2011 3:20 PM

price action in Pd and Pt also worrisome...bitchez

Mar 7, 2011 3:26 PM

is VA gonna pay in gold and silver?

Mar 7, 2011 3:35 PM

do not underestimate the futures markets' ability to move price, at least in the short term, in a counterintuitive direction.

However, there will be strong buying support in a safety trade.  Remember, though, that if the deflationists are correct, then the entire $50T Z1 credit base will unwind and gold will return to $23/oz.  The price of everything else will collapse as well and bank deposits, bonds, stocks, etc., will vaporize with the FRN.

Even in the 2008 deleveraging, physical gold could be had for not so much more than spot.  As the stresses increased, availability shrank and retail dealers were forward selling supply not on-hand.

On the flipside, with the margin hikes implemented by various exchanges, they've already pre-chased some of the leverage OUT of certain commodities, inc. gold and silver.

Mar 7, 2011 4:02 PM

didn't you just say that about the miners space?  Then it failed to confirm the H&S

Mar 7, 2011 4:12 PM

there was NO CHINA in that period; there were only warring dynasties.

Get your history straight, as well as the facts.  It's not even clear if there really was a Sun Tzu in the first place.

China's military history is mediocre.  You want war philosophy, study Ghengis Khan.

Mar 7, 2011 4:15 PM

yeah, except for the fact that we were bombing the wrong people

Mar 7, 2011 4:29 PM

nah..if there were massive present oversupply, the curve wouldn't be backwardated

Mar 7, 2011 4:44 PM

isn't it funny and a bit ironic how much cooler American cars are than europeans?

You will get more chicks in jeans and a tshirt in a 50s Corvette than wearing Prada in a 458.

One of my friends from Belgrade...the dream is a Mustang GT.  LOL.  Our muscle cars require Top Gear to undergo post test deprogramming to convince themselves of how much they really hate them for the lousy handling after having a smile wrapped around their head.  Old Ferraris and MBs and Lambos just look...old.  See a mint 60s-70 muscle drivin around?  It's like fuck yeah Trans Am even though it was not highly regarded when new.  Go figure.  My big laugh was I used to watch a German "cop/crime/drama" show and one of the kraut detectives had a Viper.

Mar 7, 2011 4:47 PM

and their fleet sales ain't hot either.

GM really should just think about making a higher quality basic transportation car.  I mean, fkin learn something from Kia or Hyundai for fuck's sake.

Mar 7, 2011 4:47 PM

laughably, a lot of people used the 09 oil crash and concomitant drop of gasoline to the $2 range as a buy signal for that SUV they wanted.  They are about F U K D now

Mar 7, 2011 5:46 PM

we've been looking at all kinds of correlations here for the better part of a year trying to find a reason for a major selloff.  This is becoming like crying wolf or playing the same numbers in the pick 3 1,000 times and then when winning calling it a foolproof system

Mar 7, 2011 6:01 PM

lol...not much clue about how jewish nepotism works, huh?

Mar 7, 2011 6:02 PM

wealth wasn't stolen from native americans.

The land had no value to them beyond someplace to stand on

Mar 7, 2011 6:12 PM

Arab League (aka KSA):  time to GTFO, we don't need our subjects getting any ideas.

If he goes quietly, he will be well-compensated, probably the Hague/World Court takes a pass on the war crimes, maybe some more payola for various politicians for lockerbie cover and a modest additional survivors' cash.

Mar 7, 2011 6:47 PM

original C4C was a total debacle...friends i have who don't earn much are having real trouble finding decent used vehicles out there at reasonable prices.

Mar 7, 2011 8:23 PM

well, the data coming out as reported on Steve Sailer's blog shows that among blacks that get bachelor's degrees, something like 40% are defaulting.  Surely, they are getting away with it.

Mar 7, 2011 8:36 PM

lol...it is in this america

Mar 7, 2011 8:49 PM

if you won't borrow, the government will do it on your behalf

Mar 7, 2011 9:41 AM

real size buyers do not procure physical commodities from futures exchanges.

Those are intended primarily to be cash settlement mechanisms.

Mar 7, 2011 9:45 AM

well we heard nonstop "Saddam WMD" based upon an Iran war and the Kurd attack.  Maybe they will bring up the Barbary pirates and start dropping the shock&awe

Mar 7, 2012 1:08 PM

their what?

Mar 7, 2012 1:16 PM

you fuckin idiot...how did the whites bleed RSA dry?  The whites established what africans were incapable of, a MODERN CIVILIZATION in Africa.  The whites CREATED all that was RSA, the roads, the plants, the mines, the EVERYTHING.  They didn't even use slave labor to do it, they did it themselves by the sweat of their own brow.

In order to preserve that civilization, they had to limit participation in it to the civilized, which excluded most africans, as, according to Jared Diamond, evolutionary pressure selected against civilization for them due to various factors.

Just take a look at Zimbabwe's import/export balance if you want to know what's coming with all those "hardworking," "bled dry" africans now having taken over all the formerly white owned farms (where they EMPLOYED people for wages).

You fuckin DWLs are the most insane, stupid, self-destructive pieces of shit on the planet.  Africans were used as low-end labor in the USA until the advent of the cotton gin and the influx of the irish and other cheaper labor resources.  In RSA, they were merely kept out of the areas of civilization to prevent their destruction of it.  Now that those fences have been torn down, the outcome is INEVITABLE.

Those whites who remain in RSA, and I know some well, are simply by their own admission doing no more than waiting for someone to put them out of their misery.  They have to sleep in armed compounds, behind steel security doors...wtf kind of life is that?

Mar 7, 2012 1:23 PM

Vive Le Sterilizacion!!

Mar 7, 2012 1:28 PM

yes. They are not seeing the economic activity that their ZIRP led them to believe would come.  Instead they are seeing oil go up up up and gold and corn and everything the fuck else....except housing.  Meanwhile industrial metrics slide.

Demand isn't being stimulated, additional lending isn't happening.  Their world is upside-down and they can't figure it out.

If they want to restrict things, just reinstate Glass-Steagal rules.  The Fed is at some point going to have no choice but to force its member banks, even da Squidz, to work like it does- as a UTILITY.  Either way they can't print oil, but they do not appear to know that yet.  I wager that very few geologists or engineers work at the Fed.

They're all economists.

Mar 7, 2012 1:31 PM

Volcker didn't matter.  There is no Saudi Arabia to rope into our monetary regime at this point.

The petrodollar was the New Bretton Woods and it relied on swing production capacity from Gulf States like UAE, Qatar, Kuwait, and KSA to establish itself.  THAT is what brought the inflation under control, the understanding that you would STILL be able to get something for a dollar!

Mar 7, 2012 1:33 PM

instead of being a tool, get your claim tickets.  Do what they do.

Mar 7, 2012 1:34 PM

Gross is levered long on mortgages, right?

Mar 7, 2012 10:10 AM

RSA is a total clusterfuck at this point...nonstop strikes and a nation in collapse.  Their hyperinflation is coming inexorably.  The white people left cannot stop the forces of nature.

The other thing I noticed is that nobody is auditing national silver reserves.  Must be because silver is an industrial metal only loved by shameless pumpers on internet forums trying to create more bagholders to get blowtorched.

Mar 7, 2012 10:12 AM

the Fed has likely already commandeered it to lease into the forward market.  Nobody really knows who has the claim tickets for this gold nor how many times it may have been sold.  I mean, shit, it's STILL THERE, ain't it?  So let's lease/sell it again!  Keep doing that until it disappears or something.

Mar 7, 2012 10:15 AM

well, the number is presently about half that, but the point still stands.  A lot of the installations there are scheduled to close in the next few years.  It's amazing if you think about it, we've got 50k troops and like several dozen military facilities in a sovereign, foreign nation.  It'd be incomprehensible to Murkins to be occupied like that.

Mar 7, 2012 11:50 PM

c'mon, without some trolling how much fun would teh interwebz be?

Mar 7, 2012 11:52 PM

eh...demand will get crushed at prices like that.  Soon as silver peaks, it will do the same thing as gold.  Hell, it may already have happened and the 5x price rise since the bygone days of $6/oz may be in part due to that.

There simply haven't been enough dollars printed to justify this level of inflation.

Mar 7, 2012 11:58 PM

huh?  Have you opened your eyes?

How many "weak" hands can even afford one ounce?  You have to be a baller to really even think about plunking down $1750 for a coin.  Most people would look at you like yer crazy, how the fk could you spend so much on something like that??  they don't get that it's worth what you paid for it the next day and after, unlike the shoes or TV they think is an equivalent purchase.

Price being high is migrating it to stronger hands as Cash4Goled schemes proliferate.  The price being where it is causes gold to get out of weak hands, chains, rings, etc., to those who have more wealth.  It is this high price that has chased in more supply that the mines can't provide.

The effects on gold supply of price and inflation are *probably* what the bankers think will happen with oil.  The problem is that we can't change our plastic shit back into combustible hydrocarbons

Mar 7, 2012 12:22 AM

well, RP got stomped...no wins so far

told everybody that the Iowa debacle represented a deathblow to his campaign.

Mar 7, 2012 12:25 PM

africom is tooling up...got sources in that

Mar 7, 2012 3:16 PM

lol, it can and WILL go way lower

Mar 7, 2012 3:17 PM

some dude with an "IQ of 161" told me that there was no problem, therefore your entire argument about peak oil is rejected.

Mar 7, 2012 3:18 PM

yeah...and any pipeline engineer

Mar 7, 2012 3:20 PM

what the fuck are all these "techie" specs this moron in the headline is reciting?

All he NEEDS to say is "new iPad has an APPLE on it."

Mar 7, 2012 3:22 PM

so?  Nobody likes jews

Mar 7, 2012 3:24 PM

is there something actually wrong with looking at how blacks and jews behave and making some generalizations about that?

I wonder if over on worldstarhiphop they are tearing down DuBois and Douglas and Saint MLK

Mar 7, 2012 3:25 PM

"would of"?!?!?

WTF, idiot it is WOULD'VE.  WOULD'VE gfdit!

Mar 7, 2012 3:27 PM

no, it was black people for the air jordans, whites for Craapl...and the ilemmings don't riot and shoot people over it

Mar 7, 2012 3:45 PM

Canada can't produce 9mbpd...ever

Mar 7, 2012 3:46 PM

Peak oil is too scary for cartoon bears.

I'll laugh if the cretins get the Fed burnt down like they want and more oil doesn't magically start popping out of the ground

Mar 7, 2012 3:51 PM

lol what do you think?

Mar 7, 2012 4:17 PM

somebody needs to tell the church that only 54/65 oil producing nations have already peaked and are in decline.

The US did so, um...40 years ago?

Idiot.

Mar 7, 2012 4:19 PM

his IQ is only 161, don't be so hard on him

Mar 7, 2012 4:21 PM

I am!  In my car burning the gas you're not...thanks, man.

Mar 7, 2012 4:23 PM

your first admission was obvious to everyone.

And, why the strawman?  I never claimed silver costs $5 an oz to produce, moron.

Yes, I pick on silverbugz, because they're idiots.  Can you really blame me?  I know, it is wrong for me to use my vastly superior intelligence to make fools of you all, but you can forgive, can't you?

Mar 7, 2012 4:29 PM

i wouldn't take on any debt at this point that cannot be discharged.

The gov has moved to garnish SS, vet bennies, etc., over child support arrearages (which in some states are LUDICROUS - judges tell people laid off to just "go find" another job paying the 6 figures they used to earn before their job was outsourced).  So don't have kids either unless you're prepared to kill their mom, I guess.

Mar 7, 2012 4:30 PM

i know/knew a chick workin at ANF who has a degree in biology

Mar 7, 2012 4:32 PM

Flak, the gulf recycles through the caribbean and UK

Mar 7, 2012 4:35 PM

I don't mean that at all.  The real price of oil is rising.  So are the prices of a lot of other things.  Any commodity that is past-peak is going to get a tailwind.

The problem is that oil is what is used to PRODUCE every other commodity...including the vaunted gold.  The days you can pan this shit from a crick and make a fortune are OVER.  You need a mountain of diesel fuel and big ass machines to go up to the Klondike...and a "reality" TV show won't hurt either.

Mar 7, 2012 4:36 PM

right, because oil isn't used for the production of everything

Mar 7, 2012 4:37 PM

what's a crach? 

Mar 7, 2012 4:41 PM

well, one circuit did.  The 9th would probably disagree.  2nd maybe too.  The SCOTUS will decide whether this is an effect and whether the search is reasonable or not.

Put the cellphone away...if it is in a container they cannot search, then they cannot search it.  If they were to ask if you had a phone, plead the 5th.

Mar 7, 2012 4:42 PM

you don't understand peak oil, do you?

Mar 7, 2012 7:36 PM

there is no way either Russia, Brazil, or India need the CNY.

This is merely for each nation to trade in their own currency.  They aren't going to use the CNY as a fucking reserve.

Why the hell would Russia of all nations want or need the fucking yuan?  They have enough oil exports to demand trade in rubles and tell china to fuck off.  Brazil as well is an energy exporter.

Mar 8, 2010 1:29 PM

I bought the Elvis plates during the "limited release."

I mean, there's no guarantee they'll go up in value, but all the other ones have

Mar 8, 2010 1:31 PM

If you have enough gold, you can buy social relationships.

Mar 8, 2010 1:33 PM

Did you check your weapon to make sure it's serial #1?

If not, there are probably a lot more of them out there.

Stop playing SOCOM Strike Team Bravo....there are no health packs in real life.

Mar 8, 2010 1:35 PM

Translation:  We hedged our Greek exposure with AIG CDSs

Mar 8, 2010 12:47 PM

What a GMFD liar.

The problem is DEBT.  Speculators didn't create all these liabilities.

The problem is OLIGARCHIES who run GOVERNMENTS into massive DEBTS by BRIBING the politicians!  And the people who let them get away with it because those politicians give them a lower middle class lifestyle for no work!

At the end of the day, these oligarchs' money is in freaking accounts in opaque banking regions owned by shell corporations owned by trusts all spread across the Isle of Man, Lichtenstein, Switzerland, the Caymans, etc.

The money the oligarchs took is NOT getting taxed back to pay the debts they got the Sovereigns to go into.  There's a reason the VERY FIRST THING the banking cartel wanted was an INCOME tax.  The masses of serfs working are the surety.  The elites have already planned their way out of the taxes.

In a way they paid them already in the form of laundering cuts to the various shells and nations along the way to wherever the monies' final resting places are.

Mar 8, 2010 4:08 PM

Notice how as soon as Gold appears to have ANY value whatsoever, Douchinger says BAN ALL SOV CDSs!!!!!!!

God, why the fk would traders demand payment in something WORTHLESS as Douchinger says gold is?  He should be ALL FOR IT.  Heck, man, who wouldn't want traders to get compensated in something so useless and without intrinsic value as gold, eh, KD?

Mar 8, 2010 4:16 PM

Douchinger is utterly full of shit.

Someone in Iran or Dubai or Lichtenstein could open a CDS bourse even if these things WERE on an exchange (which they're not).  They're OTC contracts subject to the laws of the nation they were originated in.

If they have knock-on effects for people netting out their exposure, like going short the national sovereign issue, then who gives a shit?  Sovereigns have been FEEDING the CDS beast for a decade.

Mar 8, 2011 1:44 AM

who isn't?

BMW ain't.  Daimler ain't.  Toyota ain't.

They all have union labor.

the reason everyone is insolvent, idiot, is not because of labor, it is because of management..or did you forget who just stole trillions from the Treasury?

Mar 8, 2011 1:49 AM

right...management just works its way up from the bottom...LOL

and when they fuck up hey, BONUS.

I mean, GFD did we NOT just go through the biggest financial crisis EVER where MANAGEMENT was responsible for the collapse of the economy?

And you people are blaming line stiffs earning more than you do

Mar 8, 2011 12:02 AM

which is why UNIONIZED VW, Toyota, Honda, Nissan, Daimler, BMW all collapsed too.  Right.  Effin idiot

Mar 8, 2011 12:03 AM

you are either stupid or a moron

Mar 8, 2011 12:05 AM

you're right.

All workers have to sacrifice so management bonuses can be supported.

Fuckin bootlicker

Mar 8, 2011 12:07 AM

they'll make them out of plastic until oil gets too expensive.

bye bye penny and nickel...stock up now

Mar 8, 2011 12:11 AM

yes but post WW2, US and UK jews were so powerful that they succeeded in making epithets against them a crime.

It won't last forever, but wtfever

Mar 8, 2011 12:18 AM

you're off your rocker.

The lights won't go out and the water will still be running.

The rest of this crap...wtf do you think, this is Call of Duty or something?  LOL...you ain't bulletproof, kid

Mar 8, 2011 2:03 AM

lol...you ask ME that?

The Fed appears to have limitless current ability to prop the SP500.  that is my observation at the present time; all normal indicators are on TILT until further notice

Mar 8, 2011 2:23 AM

these numbers are meaningless.

When you own real means of production, real power plants, real land, real mines, what does the denominator matter?  If you have to take payment in lbs of flesh, that's what the piper is paid

Mar 8, 2011 2:29 AM

monoculture?

sure there are a lot of conspiracy moonbats here, but people come to ZH as much to read the comments as they do the articles and ZH is rivaled by few sites out there.

You want a monoculture, watch fuckin CNBC...sheeit.

Mar 8, 2011 2:34 AM

DU is an alpha emitter, basically harmless.  Don't inhale it is all

Mar 8, 2011 3:42 PM

I, too, was anti-union as a kid.  Mostly because my friends worked for the grocery and had to be in food service unions.  Those unions did shit for them except collect dues.  They needed a union for the union.

That is different from the institution of unions, which is what most of this site's bootlickers, most of whom think they are channeling Ayn fuckin Rand, rail against. These bootlickers here think they know what "free market" capitalism is, but they have no clue.  They believe in the fantasy that if they just work hard enough, they can eventually rise to the position of rentier overlord and get to have their money make money.  They don't hate oligarchies, they hate that THEY are not PART of said oligarchy. IOW, they are just jealous bootlicking fools. I woke up when I watched corporation after corporation freeze raises while the WaPo ran articles about how the company "needed" to increase the pay of its executives markedly, and did, and the company's other executives (friends/cronies) justified it.  And we ALL watched as these same managers GUTTED and DESTROYED nearly every company they touched and then got BK rentention bonuses and bailouts for doing so. And still the bootlickers keep on licking, hoping to lick their way up to a VP slot that they don't have the ethnicity or familial connections to land.  LOL

Mar 8, 2011 3:48 PM

WTF is your problem?

Nobody, certainly not me, isn't suggesting you can't FIRE all your union members if you see fit!

That is free market capitalism.  A union that would fuck itself as so many have is stupid and should be put out of business.

however, the INSTITUTION of labor power is the issue here that the bootlickers shit on, not the actual function of unions.

I say let labor and management fight it out...if management thinks it can do better, fine.  If labor thinks it can do better, fine.  Let them negotiate.

the notion that we're good to go with H1Bs and 250:1 CEO:worker payscales...I mean fuck that shit.

Mar 8, 2011 3:53 PM

Ellis Island was not diversity by the modern standard, as those were all white people.

Diversity now means blacks in disproportionate abundance, affirmative action quotas, and everything OTHER than merit-based awards.

Hell, some group cut a cystic fibrosis fundraiser effort because all the victims tend to be white.

Cut the racebaiting and "dat beez raycis" bullshit.

Mar 8, 2011 3:55 PM

why should an executive who BK'd a company get a retention bonus?

Yet here you are bitching over an effing janitor making peanuts?

Every single incompetent CEO is worth 250 of these janitors.  How much did the banksters cost this society and you are worried about fkin janitors?

Mar 8, 2011 4:11 PM

uh...if people rush to USTs rates will then fall as that is how bonds work

Mar 8, 2011 4:33 PM

without the Fed, there is no bid for USTs at this rate.

If the UST is allowed to find its natural equilibrium, the game is up on the USA as far as interest and solvency.

The precious FRN crowd doesn't understand that scarce FRNs will lose their function as currency due to scarcity, aka they will lose moneyness.  Also, that they are backed by debt that is defaulting will not help.

Every nation that goes into default sees its currency collapse, not skyrocket.  Deflation=default.

This is all you need to know.  If the Fed steps out of its backstop liquidity provider role, things will unwind in a couple of hours.  That is what Sep/Oct 08 showed us.

Mar 8, 2011 9:29 AM

with our combined strength, we can end this destructive conflict and bring order to the galaxy

 

why are you surprised we would agree on other things?  I don't generally make a habit of being wrong lol

Mar 8, 2011 9:32 AM

yes, totally infanite...lol

you are infantile, BTW.

fissile materials are far from limitless

Mar 8, 2011 9:35 AM

blame government and their diversity mandates.

Europe may be "broke," but union companies in Europe (and Japan) most certainly are not broke.  Germany isn't broke.

I find it amazing that ZH commenters RAIL till blue in the face about shit like 911 conspiracies and how evil the plutocrat banksters are, yet here they are condeming the ONE lever the little people have to jew any money out of either of those

Mar 8, 2011 9:38 AM

good thing the management game ain't over huh?  They can still count on a bailout to pad their own bonuses.

We serfs can find joy in watching them in their castles or gather around the group TV in our favelas and watch the "stars" on television.  Maybe there's a new reality series in this called American Torch where we let a serf on TV for 15 minutes before lighting them on fire.

Mar 8, 2012 1:31 PM

Nothing will be permitted to challenge israeli and saudi hegemony in the ME

Mar 8, 2012 10:00 PM

i know man, bein unabashedly hetero is just no longer "in" with you types...how the fuck ever am i gonna be "relevant" and hip like you bi twinks?

Mar 8, 2012 10:03 PM

what is "absolutely nothing"?

Mar 8, 2012 10:04 PM

oh yeah, it's the recession...nothing to do with the fact that spending exploded under Bama

Mar 8, 2012 10:07 PM

yes, fuck them too

how about both deadbeat borrower and deadbeat lender lose?

I am a huge fan for having criminal bankers in prison or hanged and for deadbeat "homeowners" to be finding somewhere to rent and true price discovery letting the market clear.

instead of lending/gifting the banks trillions, the Fed should have taken them over and fired everyone, incarcerated their management, and told the public the truth- "everything you pay for is now going up by 50% in price because of this."

Mar 8, 2012 10:08 PM

When you can no longer feed your kids, you are LONG PAST the time you should be realizing that you spend way too much time lounging in cafes pretending to work.

Mar 8, 2012 10:11 AM

participants in a shared currency regime have to bail each other out.

When IL goes BK, the rest of the 57 will have to pitch in whether they like IL's corruption, crookedness, crime, and spendthrift.

Mar 8, 2012 10:12 AM

there are enough low-grade housing assets in europe that have done so too and ended up on FRB balance sheets.  It's a two-way street.

Mar 8, 2012 12:02 AM

Cancellara

Mar 8, 2012 12:02 AM

i think that dude was german

Mar 8, 2012 12:06 AM

white anglos like Rothschild and the Fed board huh?

Mar 8, 2012 12:08 AM

volumes on these bonds are infinitesimal.

Big nothingburger.  The yuan is NOT going to EVER be the WRC.  China will be forced to hold BRL to get commodities and RUB to get oil.  They will both hold each other in reserve.

Mar 8, 2012 12:11 AM

China is like a skank with cancer and Hep C.  Have you seen their country?

They're incapable of nuking the east coast anyway at the present time.

You talk about desertification and now they're going to take us over?  They're too STUPID to not destroy their own country but wise enough to conquer us? 

We are going to starve them all to death.

Mar 8, 2012 4:19 PM

yayyyyyy...credit bubble, bitchez!!!

Mar 8, 2012 4:28 PM

nevermind possesses NO WARHEAD nor even if they did have a pile of U235 any capability to deliver the damn thing.

Iran's experience is showing how hard it is even with industrial machinery to get sufficient quantities of fissile U235.

Their reactor, if it ever goes online, will produce enough plutonium for a bomb after a couple years of operation.  First refuel they do, reprocess the shit and boom.

Mar 8, 2012 8:36 PM

dumb article, bitchez

these doomer goons forgot the silver and canned hams

Mar 8, 2012 8:40 PM

goooooobama!!!

I want him to totally smash the record

Mar 8, 2012 8:43 PM

Greece is just going to fucking DEFAULT on these loans as well!

what the fuck kinda idiots are these hedgefunds?!?!  It's like buying senior claims on a house when the thing is already ablaze and the arsonist is spraying it with more gasoline

Mar 8, 2012 8:44 PM

the same slimy greek citizens who sit their lazy, greasy asses in cafes pretending to work?  Fuck them.

Mar 8, 2012 9:58 PM

buddha was a dumbass.  the story needed a cobra...and explosions

Mar 9, 2010 1:25 PM

Why is GATA still around?

I mean, this type of shit happened with nickel on the LME just a few years ago.

The LME forced the longs to lease to the shorts to cover their shorts and forced them to repay over time.

That's what will happen here as well.

Mar 9, 2010 11:10 AM

Bingo.

People forget that ALL losses to the Fed pass through to the Treasury.

This is why I kept sayin that the FY09 deficit was far larger than they said, because nobody knew what losses were embedded on the Fed's sheet.

Any loss the Fed takes will be made up by the Treasury; even the USTs that the Fed bought with QE are owed interest.  It's a giant circle-jerk.  However, they are desperate to keep the credit creation game going by any means.

Mar 9, 2010 11:15 AM

Yes, it isn't as if they cannot study the oligarchies in other collapsed or heavily stratified societies to determine how to live best.

Mar 9, 2010 11:23 AM

Bingo.

Has Japan stopped QE?

The issue, Tyler, and there really hasn't been a lot of verbiage on this in terms of philosophical posts on ZH, is that the debt-based system has reached a point where real yields of actual economic activity are at or near zero.

At this point, leverage is the only way to generate a nominal return.  I submit that real economic activity is now unprofitable.  China is living proof; they build things now that nobody needs.  Empty cities, idle factories, just to build something.  Those loans are guaranteed losses, IOW, 'negatively profitable.'

This implies actually negative real rates of return.

Against this backdrop, of negative economicalness, nobody *should* lend and nobody should borrow.  Credit has reached saturation.

At this point, the interest claims of today begin to consume the money supply.  While real economies cannot continue to grow unabated, accounting ledger entries such as compound interest CAN!

The Fed has to inject money somewhere just to pay today's interest.

The issue is larger than "solvency" and capital ratios...it's an an artifact of the systemic basis of the Fed and creditmoney system at its core.

Nobody bothered to think through and discuss what would happen if/when the real economy PEAKED.  The interest component MANDATES growth and it is clear now that this cannot be achieved.  How can credit growth exist in a climate of NO RETURN?  That is where we find ourselves.

Mar 9, 2010 11:36 AM

I wouldn't worry about gamma radiation - I say this again:  debt is an ACCOUNTING ENTRY.

It's a paper artifact.  It, by itself, has NO force and effect in the real world except what WE give it.

We are facing an existential crisis in PAPER and specifically in the future's ability to pay today's coupon, and nobody seems to see this forest.

The bottom line is that the energy peak has created a real economic peak in terms of output...it has rendered growth impossible.  If we discover a new growable source of energy, then our system can continue growing.  We can make more things, drive more cars more miles, etc.  This is what "economies" are.  Until/unless that happens, we face inevitable contraction.

I have talked about this for years now; the forecast is sustained global recession.  This is how it must be.  But, in the meantime, we CANNOT allow fucking accounting entries to precipitate the destruction of our societies!

There does appear to be a good development out in the real world, that people are walking away from debts.  Contrary to what the "prudent" think, these people ARE being prudent!  Debt is a state of mind.  We the People have to cast off this system before it destroys us.  We need a critical mass of the rejection of debt, right down to the core of our monetary system.

Mar 9, 2010 11:44 AM

LOL...fofoa is saying the same stuff that got me banned from TF a couple years ago.

I see it the same way; default or devaluation and that political realities make default infeasible.  This was my central argument for the inflation case. 

The math makes deflation inevitable; people make inflation inevitable.  But there is no way out now.

I'm glad to see collective recognition now emerging on this.

Mar 9, 2010 12:07 PM

Good news from where I sit.

I can point you to where I made the prediction 2 or 3 years ago that the Rogue Wave financial event at the sovereign level would be Japan's sovereign default.  Also, I forecast that things come completely apart when the Fed loses control of the POG.

Saw these same things upon investigation back in 2007 or 2006.  I expected it in 2009 so maybe I was a bit early lol.

Mar 9, 2010 5:23 PM

head on over to TF in General and look at the UIllinois payroll.

Fucking police LTs making 185k and u know that includes nice fat public-sector bennies and a pension.

I guess the time was a few years ago to transition into the public sector.  They've just kept getting massive raises.

Mar 9, 2010 5:24 PM

Given the massive salaries that public sector employees now enjoy, how much more must they have been paying this scumbag to now assist in bribery and whatnot?

Mar 9, 2010 5:54 PM

I'm unclear how gold can be in a bubble...you can't MAKE MORE OF IT.

The shit went into TERMINAL SUPPLY DECLINE (iow, passed peak) in 2000!  YoY production fell 10% just last freaking year.

It isn't like housing or .com stocks where you can clear trees and make more supply.

These idiots who have never ONCE been able to spot a bubble, even when they ran on fucking hairdresses "owning" 3 residential properties, now suddenly have the perspicacity of vision and wit to spot THIS ONE?

What a bunch of fucking morons.

Let them HAVE their freaking beloved FRNs.

Mar 9, 2010 6:00 PM

They dug 10% less gold out of the ground last year than the previous.  This trend of declining production has been true every year since 2000.  Ore qualities are getting lower and lower and discoveries are laughable.

Gold's price action is quite easily explained by peak production phenomena, not bubbles. 

People said oil was in a bubble too...it was NOT.  The $145 price was driven by the fact that consumption was exceeding production by as much as 2mbpd, and inventories were being rapidly depleted.  Oil, too, has peaked.  Now here we are back at $80/bbl in the midst of MASSIVE demand collapse. 

Against even level demand for gold, declining supply means a price increase.  All the rest of this goldbug bullshit is just so much noise.

Mar 9, 2010 6:04 PM

You can believe what you wanna believe, man...it don't really matter to me.

China is not a significant enough producer to make up for the declines out of the other majors.  Nevermind the steadily diminishing quality of the reserves discoveries.

This is like saying Saudi Arabia has enough extra production to make up for the supply declines out of #2-#5 world oil producers. 

Maybe we don't know how much China produced, but they did NOT increase production by 10% of WORLD production, and we do know how South Africa is faring, along with most other nations on earth.

Gold peaked in 2000; accept that.

Mar 9, 2010 7:08 PM

Good for you on the first.

But on the second, I mean production figures aren't that easy to fudge.  The gold production market isn't as opaque as, for example, Aramco's production sheet, and even still, there are any number of analysts who can use refining, tanker, or terminal data to come up with fairly clear production figures, even in oil.

If anything, production and reserves are almost always OVERstated.  KSA has overclaimed oil production, both in actual and potential, for so long.  OPEC has always cheated to avoid quotas.  There are no gold quotas and the production decline YoY was too steep to be made up by China.

Mar 9, 2010 7:11 PM

You need 1000 rounds for hunting?

Got bad news for you, buddy...FRN collapse is the least of your worries.  The greatest is that you are a horrible shot.

No freakin idea what you plan to do with all those guns.  You are but one person and you would get steamrolled by even 2 guys with even a smidgeon of military training in small unit combat, nevermind an organized or even disorganized gang of more than that.

What I marvel at is people who think real life is like SOCOM Strike Team Bravo.  You do NOT want to be in a gunfight.

Mar 9, 2010 7:14 PM

If it were a bubble, people would be buying it on credit to flip to others.

There is absolutely NO way to bring "more gold" to market in the manner that .coms or houses can be.

They can spend all the money they want and it won't make more gold come out of the earth than is there nor reverse the supply decline trends in fields like Cantarell.

Starting to see a collective recognition out there finally on this.  Even Douchinger is letting Peak Oil threads go now, saying the same things I did in 2007.

Mar 9, 2010 7:43 PM

My dad's the same way...sitting on a state pension for his 30 years or whatever and he just shrugs and crosses his fingers.

He's abandoned his lifelong love of Demoncraps and agrees now that they are all fucking crooks.  But he cannot bring himself to find a way to realize the cash in that pension or to  address what will happen if the state can't pay it.

I have been telling him to buy freaking gold and other things like that, but it's like it's been his whole life in this system and it's always worked out the way it was promised.  Too much inertia, methinks.

I'm going to discuss with my acct tomorrow about a cashout of the 401s; but I'm torn between the seizure outcome and the inflationary blowoff.  Pension/401 seizures are certainly an option, but if we look at Argentina, it seems that the level of desperation needs to get beyond initial devaluation to get to the point of seizure.

Mar 9, 2011 1:19 PM

the reality RIGHT NOW of the bond market is that there is no bid for USTs at these prices.

The other reality is that the USG's duration curve is so front-loaded that they cannot roll paper to fund at these rates without the Fed's bid.

Another reality is that interest expense is $400B, or 1/5 of revenues, and rising.  Let's suppose rates double...what does everyone think this will do to interest expense as the USG tries to roll shorter duration paper now suddenly at twice the interest rate?  The percentage of revenues going to interest very quickly explodes.

It is as I've said repeatedly about the debtmoney system and was explaining to my accountant yesterday- the compound interest component requires growth and if growth does not come, the interest very quickly begins to consume everything.

IF the deficit were cut by 75%, we STILL face this problem with interest.  Supposing the government were to eliminate the deficit, there is no reason to expect rates to go below where they are now; they were HIGHER in the "surplus" years and there would remain a question of basic solvency with an interest payment suddenly at 20% of budget.  Rates would still climb and interest expense would as well.  Even a 50% increase in average rates puts us near 30% of current revenues going to interest.

Japan has been QEing for 20 years; this is the only mechanism central banks know to prevent the deflation cascade.  The reserve currency nature of the FRN is strangling the ability to devalue, as everyone is pegged to the FRN via the reserve currency mechanism.  THIS is the problem.

Mar 9, 2011 1:55 AM

as far as the Euros, only France has the naval air power necessary to even attempt this.  Nobody else in the world has a CVN, and the Russians are the only other party flying a 4G fighter off of a deck.

Either the US will impose the no-fly or else nobody will.

Mar 9, 2011 12:45 PM

where's the bid for USTs gonna come from w/o QE?

Mar 9, 2011 2:12 PM

there hasn't been any real deflation in Japan

Mar 9, 2011 2:29 PM

bidding up the bonds of an insolvent state...not a great plan

Mar 9, 2011 2:47 PM

if there is no demand for bonds, where the hell does the money go?

If not equities, where?  "Cash"?  There's no such thing anymore...it's all swept into MMs.

Mar 9, 2011 2:52 PM

zerohedge is just a "monoculture" of conspiracy nuts lol

Mar 9, 2011 4:03 PM

50-state BKs mean a lot of Wisconsins

Mar 9, 2012 1:03 AM

and as proof of this assertion you have...Syria?

Generals and Admirals up and down the line went along with it.  From the guys in the Joint Chiefs down to the command chain on the CVN groups to the theatre and base generals commanding the wings in Italy...they ALL obeyed despite KNOWING that there was NO congressional act authorizing war.  Every dude dropping bombs was an officer.  The captains in the subs that launched tomahawks are officers.  The guys running the destroyers that did the same are also officers.

Mar 9, 2012 1:09 AM

funny; I have one in the family.  SGM.  Company level senior enlisted officer.  Defends the assassination of "terrists" and all the rest of this shit.  Wants to spread kinetic democracy all over the place.  Hoorah, koolaid.

The guys I know who were in fallujah would probably bitchslap him.  but don't overestimate what guys know or would do who haven't seen the underside of all this humanitarianism.

the military is taught from day one to worship war.  and anything that gives them more of it is welcomed, who cares about those stupid civilian rules?  Those are just in the way of protecting everyone from all those terrists and spreading kinetic democracy everywhere.  Who are we to get in the way of their being hailed as liberators (with IEDs and shit).

Mar 9, 2012 1:13 AM

spec ops command was in on Syria.  All up and down the command chain...the orders to attack didn't just go to the fucking platoon leadership...it propagated from the CinC through the entire senior military chain of command.  Down through guys with galaxies on their epaulets through a decreasing O pay grade chain and ended up in the hands of officers who pressed buttons.

NOBODY objected on the basis that, um, guys, this is an illegal war.

Mar 9, 2012 1:17 AM

yes; the lapua is an AP round...50 is more for materiel.

Mar 9, 2012 1:20 AM

we killed those people by the fuckin truckload and stacked them like firewood.

Please, you be the first to rush out with your 30-06 and go git sum

Mar 9, 2012 1:24 PM

gotta say huh? to OP.

Um, the NPT to which Iran is a signatory GUARANTEES countries the right to peaceful nuclear power, irrespective of the baffling conceit of your "postulate"

Edit: I see now that he is the son of Oliver Stone, thus simultaneously explaining the brashness and ignorance of his postulate.

Mar 9, 2012 1:26 PM

they chant "wipe israel off the map" as their fallback position.  You can show them the direct quote, they still resist the truth.

They never question.  It's too scary.  EVERYONE ELSE is clapping for Stalin so they must too.

Iran is going to "nuke us" with a "suitcase nuke" just the SECOND they have a slug of uranium larger than a marble.  People are flat out fucking idiots.

Mar 9, 2012 1:28 PM

nobody ever said they were going to wipe the jooz off the face of the earth.  Well, except for the jooz themselves, who invented that statement and attributed it to the iranians.

Mar 9, 2012 1:34 PM

you an idiot?  yep

they can announce wtfever they want...only 2 nations presently have global ICBM capability.

Mar 9, 2012 1:35 PM

bbbut...bbbut...he's Sean Stone and HE "postulated" that Iran has the right to civilian nuclear power!!!!111

Mar 9, 2012 1:44 PM

dude, nobody is buying soverein bonds except central banks.  WTF is there to hedge?

Mar 9, 2012 1:48 PM

weed seems to be proliferating.

Let's see...local police paid by weed tax, feds want to shut them down.

You're aware, aren't you that the reason for falloff in violence and shit in Peru and Colombia is because those gov'ts SURRENDERED in the drug war and have effectively decriminalized coca production?  This is because all politics is local.  There is NOTHING the national government can do when large swaths of places like California flip them the bird.  The local police in the coca producing areas of Peru are FUNDED by the coca.  They will not obey instructions from Lima to kill their economy.

This is why the fighting is no longer over production and has now gone to fighting over distribution.

States are already ignoring federal laws about guns and drugs.

Mar 9, 2012 10:06 AM

the Fed can't lend at higher than 0% as there are no takers

Without compounding of lending, aka credit growth, the CBs have no choice, mathematically, but to print at least the coupon.

The aggregate economy is clearly *not* growing.  Look at the consumption metrics now across the globe.  You see saturated nations like the US dropping to decade lows in oil and gasoline usage while the nations still with any potential are rising about the same amount.

This is what resource peaks look like.  No longer is there a growing pie to divide.

Mar 9, 2012 10:09 AM

"dissent" will be permitted so long as those doing it are no more than a few doomer goons behind keyboards.  Once you actually start trying to exercise things like freedom of assembly, the government will begin picking people off.

OWS came and went - nothing changed, did it?

Mar 9, 2012 11:05 PM

this mania thing seemed to describe people buying the new iPad

Mar 9, 2012 11:33 AM

water is wet...how long before S&P and Moodys follow suit?  Month?

Mar 9, 2012 12:26 AM

i could not be high enough to swing from your side of the plate, poof

Mar 9, 2012 12:40 AM

this is crazy shit...Panetta is sitting there and telling Sessions "you are not relevant.  We will not ask you."

Obama has taken a bigger, overt shit on the Constitution than any President since FDR.  He really just had his fucking war secretary go up to the Hill and tell the Congress, who has PLENARY war authority, that they'll "let them know" when the President decides to commit the armed forces?

These pussies are pieces of shit.  they are so concerned with their own reelections that they are LETTING CAESAR happen.  they should have IMPEACHED obama for his violation of the war powers act and Article 1.

While Sessions is trying to score POLITICAL POINTS, his own power is being washed out from under him. It's like watching a progressive set of shitheads act as Palpatine.

Mar 9, 2012 12:57 AM

yeah, even the goddamned TURKISH military would have stood up against this shit long ago.

Did ANY soldiers refuse orders to go into Syria?  Naw, it was GET SUM time.  They did it with glee.  Nuremberg Defense if anyone ever calls them to account for it.

For ANY officer or enlisted person to exercise military force without an Act of Congress approving said act IN ADVANCE is a clear violation of their fundamental oath upon entry to the military.  Any such order should have been REFUSED at all levels of the chain of command.  It is somewhat less culpable for the enlisted corps vis a vis the officers, who are supposed to fucking KNOW BETTER.

Obama has lawyers apparently even more psychopathic than Busch did.  Where the fuck is the media? where are the 100s of 1000s who protested worldwide over the Busch wars?  They all thought Busch was Palpatine, and it was the guy we have now, the smooth talker with charisma.  We can only cringe about how much worse this will get during term 2 or in a subsequent administration.

Obama is like fuck you, *I* will decide whether to assassinate, detain, and arrest US Citizens and to go to war IRRESPECTIVE of what the Constitution says.

But...the dude is on the GOLF COURSE every fucking day.  So could he REALLY be pulling the strings on this?  Can it be ANY more obvious that the President is a figurehead?

Mar 9, 2012 7:29 PM

all the doomers with their canned hams and silver bars hiding under their porches must be sorely disappointed that the world hasn't ended.  Everything is still running

Mar 9, 2012 7:30 PM

Gross may also be chasing yield in any place he can find it...

Mar 9, 2012 9:51 AM

yes, quite obviously I did...lol

May 1, 2010 3:53 PM

Yeah, flee to bonds...the sovereigns are GREAT credit risks!

May 1, 2011 11:00 PM

yeah, is the war over now?  I mean "Mission Accomlished," right?  We can all go home now.

Like in the Star Wars movies, we killed the general so everyone just gives up and quits?

May 1, 2011 11:04 PM

well rally on then...should take PMs down a notch and fluff up the SPX

May 1, 2011 11:15 PM

yeah, no shit...hit in a fuckin mansion near the capital wow.

I mean seriously, wtf?

May 1, 2011 11:20 PM

stop talking shit.

He was in a MANSION in the effing CAPITAL of Pakistan!

This was probably some kind of wetwork.  Somebody rich was obviously harboring this guy and someone saw him, maybe a random pool cleaner or some shit like this and dropped the dime.  So the free carpet shampoo van showed up and it was a bunch of CIA cleaners.

Pakistan played no role in this shit unless we bribed somebody who knew.

May 1, 2011 11:28 PM

your basic premise is wrong...actually both of them.

If you think either WTC1 or 2 were controlled demolitions, then you're an idiot

May 1, 2011 11:29 PM

people around here are misanthropes...they want a collapse and to be slumlords with their silver, have the hamsters running on wheels for them instead of the elites.  Bunch of hypocrites actually

May 1, 2011 11:39 PM

no air strike...NeO is on TV saying we had a team handle it.

Firefight etc.  Hiding in plain sight BIG PIMPIN apparently.

From his tenor, it seems that we did NOT have Pakistani support or assistance on this.  Shit, seein as he was living in a fucking mansion in the capital, how could it be that the ISI was not babysitting him?

somebody's bitch who got spurned ratted him out

May 1, 2011 11:45 PM

that was the most wooden indian, stuttering speech bama has ever given lol

May 1, 2011 11:49 PM

stuttering and stumbling through a speech

May 1, 2011 11:50 PM

shit...you know what happened...ISI was harboring this mfer in a fuckin mansion near the capital.  This reeks.

Somebody's bitch got pissed off and ratted and we spied the mansion, ID'd the mfer and we sent in a team of guys to waste everybody.

May 1, 2011 11:54 PM

speak for yourself, punk bitch

May 1, 2011 3:29 PM

you are typical...highly clueless about the way ethnicity works in the upper crust and particularly in media or in finance.  TPTB love sheep like you.

May 1, 2011 9:30 PM

In my experience, volatility like this in an uptrending market is a good sign to GTFO.

only silver I had I got in around $12/oz, and I would never hold enough physical silver to really care about. 

May 10, 2010 1:54 PM

That is what Bavarian producers called Weimarks when they refused to accept them.  It's not my phrase.  Documented fact.

The PR problem for the Tribe during the last financial catastrophe their members caused turned into a 6M person bodycount.

Given the preposterous dominance of the Tribe in finance, almost to the point of monoethnicity, a wider islamic revolution in the bastions of the petrodollar would be absolutely fatal.  The original embargo was over the YK war.

May 10, 2010 11:11 PM

and our police state will ensure nothing like that happens here.

So, the "capital" rushes to support the USD?  Until we lose the House of Saud, maybe...

May 10, 2010 11:18 PM

I'm still hangin onto my stockpile of USSR Rubles and Brazil Cruzeiro Reais!  CASH IS KING BITCHEZ

May 10, 2010 11:26 PM

ok, GFDit, this wasn't a European bailout.

It was a reaction to a dollar liquidity crisis AGAIN, i.e., deflation.  The swaps were the same thing they did post-Lehman.

Fed liquidity is the salve for the infection of dollar debt worldwide and the necessity of it for oil transactions.

Until and unless you get some sort of REAL SHIT backing your currency, it ain't jack.  You peg to the fuckin dollar like a ho and take that shit.

May 10, 2010 8:07 AM

"Unbelievable"??

I said that this was going to happen several weeks ago.  In response to the apocalypse talk around here.

Look, they can stave off the balance sheet insolvency forever with fake money and QE.  They cannot dictate how much the paper money is WORTH in real terms.

The answer to deflation is the same thing I told Douchinger:  just print.  Printing SOLVES the accounting ledger issues.  It does NOT solve the underlying economic problems that CAUSED the accounting ledger issues.

May 10, 2010 8:29 AM

No; it's a retrace.

The selling last week was on a euro collapse instead of a managed slide.

Gold and other commodities will lose ground but then they will inexorably march upward until real costs (especially in oil) make THAT time's debt loads unserviceable then we repeat the crisis phase.

May 10, 2010 8:32 AM

I had this argument years ago on TF.

I said they would print to avoid debt deflation because it is the ONLY WAY OUT.

I also said that it WILL NOT help the real economy because the shit on these accounting balance sheets IS NOT REAL.  It's just numbers saying you owe something.  Debt is an abstraction, a state of mind.  And it all revolves around collective confidence.

THAT is the collapse of all of this, when absolute aggregate confidence goes out the window.  Don't keep your wealth in FRNs during those days.

May 10, 2010 8:43 AM

The Central banks have UNLIMITED power to dictate the price of financial instruments in NOMINAL terms.

Understand that.  Accept that.  Make peace with that.

They control the money.  For things that are purely monetary instruments like bonds, they can set the price.

They CANNOT, however, MAKE oil wells pump more past-peak, or people buy things, or helium production go back up.  They cannot violate the laws in the REAL world.

And, most importantly, they cannot force you to trade an amount of REAL things for their jew confetti.  This is what the Bavarians told the weimar banker clan prior to the great inflation in Germany.

Bonds CAN trade at par while a wheelbarrow of the notes buy a cup of coffee. 

I see now what the endgame is going to be and it is ugly.  The prisoners' dilemma pretty clearly now dictates that people hoard things in expectation of the worthlessness of paper.  Grab what you can before it all cracks up.

Call it bailout fatigue, call it point of recognition, call it loss of confidence, but these measures HAVE NOT, WILL NOT, and most importantly, CANNOT reverse the course of events.  They can only fix prices which are illusory.

Confidence DOES NOT spring from the quoted prices of sovereign or Central Bank financial instruments.  This is the fucking problem with bankers and economists - they think that it DOES spring therefrom.  REAL costs and real standards of living are from whence it comes and these are increasing and decreasing, respectively.

What will probably bring things to "an end" is a fall in the House of Saud where the new leaders refuse us the same as the Bavarians did and using the same verbiage.  As they go, so goes OPEC.  Yes, this will mean war.  We are foreseeing this and it is why we have an entire NationBase in the middle of the region.

All paperbulls NEED to bear this in mind:  if we were to lose our hegemony in the Middle East due to revolution or some other circumstance, the dollar, absent its "petro" support, would collapse virtually overnight.

Yes, refusal to transact in dollars would "fuck the world," but don't assume some new despot in Riyadh would either care or be so perspicacious to get this.

May 10, 2011 10:52 AM

The FRB is effectively "making the payment" on these to prevent the MBS and CDOs from collapsing.

The free availability of debt masked the fact that wages cannot keep up with prices the way that they have...this is a symptom of the hollowing out of the production base in the USA.

At some point, this trade deficit and all the rest of it must normalize.  People claiming that the Bernank is the cause are fools; the cause is the massive export of dollars for 40 years against massive imports of everything else.  Any other country without a petrodollar trying to do this would have seen immediate forex normalization.  In fact, during the 70s, the dollar was experiencing exactly that, inflation to its true comparative value.  The petrodollar recycling scheme merely delayed that.

May 10, 2011 11:26 AM

my accountant was recommending that I back out equity during the bubble and go IO loans and shit...I said no fucking thanks

May 10, 2011 11:29 AM

the buyers are knife catchers with starry eyes who can get leverage.

That's it.

May 10, 2011 11:29 PM

...and the States will get the money and what?  Put it into the hands of cronies and for "needed" projects and to spend money on lazy indigents who wouldn't work if you put a job in front of them (to keep the democrat vote)

May 10, 2011 11:31 AM

bingo...Z1 credit topped at what, $51T?

The banks never had 51T to lend.  They just conjured it.

May 10, 2011 11:33 PM

Raping and plundering?  WTF?

By what, MINING the gold out of the land that to the natives had no purpose other than to stand on?

Just like the oil had no utility whatsoever to the fuckin sand monkeys.  The natives of this continent were using the land to piss on and nothing more.  It wasn't "theirs," it belongs to nobody.

Stop thinking shit was STOLEN because it was taken BY somebody to whom it had value out from deep under the feet of someone to whom it had NO value.

May 10, 2011 11:40 PM

they should!  why are we paying for disgusting fat people to get even more disgustingly fat?

May 10, 2011 11:45 PM

so in other words, while you were pumping like crazy for people to BUY BUY BUY with both hands, 49 by EOW and 60 next week and then TEH MOONZ the week after, you yourself weren't buying anything...

what a ridiculous piece of shit pumpmonkey you are, cliff.  You are a fool leading the blind.

Your "life savings" is in silver?  ROTFL.  What do you have, 10,000 oz?  riiiiiight.  Right next to the buried canned ham is your metric ton of silver, right, cliff?

May 10, 2011 11:49 PM

peak happened.

May 10, 2011 11:55 PM

the silver pumpmonkeys are saying BUY BUY BUY with everything every day

May 10, 2011 2:59 PM

at this point it is a balance between the .6% annual "property tax" and the income tax they fuck you with to withdraw it

May 10, 2011 4:22 PM

no to the former and definitely no to a weaponized version capable of being missile-delivered

May 10, 2011 4:26 PM

the hijackers were trained by airliner flight schools in the United States.

NEXT.

May 10, 2011 4:30 PM

Iran never made such a threat against IsrAEl

May 10, 2011 4:42 PM

they just forgot to add it to the total...happens

May 11, 2010 10:16 AM

This is complete bullshit, btw.

Central banking is not a prerequisite to a functioning economy nor a good one.

The wild gyrations were CAUSED by bankers and those trying to be central banks.

May 11, 2010 10:17 AM

Something, bitchez

May 11, 2010 10:22 AM

Also, there are those out there who hate gold (Douchinger and everyone he hasn't banned from TF) along with their dopplegangers here.

"Oh, the gov't can seize gold."  OK, whatever.  Why did the gov seize it in the 30s?  Because it was competition for the FRN.  Gold WAS the old currency there; they wanted to devalue so they had to seize the old currency and replace with the new one, the unbacked FRN.

To those who think the dollar rulez...cannot the gov't seize your dollars?  They can merely establish a NEW FRN and make all the prior ones invalid, requiring you to turn them in.  Cash in banks?  They can electronically lop off your account or revalue it.  There is no persuasive advantage to cash versus a precious metal in terms of the gov's willingnes or ability to seize it.  Bank of Sealy?  LOL.  Banks of Sealy have gotten busted out so many times in the past 20 years in various countries that it isn't funny.  The only Bank of Sealy that worked was forexing your soon-to-be-confiscated domestic notes for some denomination in another currency.  IOW, translating your wealth OUT of domestic paper.  The FRN is that domestic paper.

There's silver, platinum, and rhodium even if you hate yellow things.

May 11, 2010 10:25 AM

Austerity measures????  WTF is that?

Austerity measures = paying the INTEREST.  To the bankers.  For the right to have money to use.

Money is a public utility and should be treated as thus.  Repudiate, one and all.  Unite against rent-seekers.

May 11, 2010 2:33 PM

They have vaginas to store them in

May 11, 2010 2:34 PM

ALL IS WELL!

Ignore that whole POG thing.

May 11, 2010 2:40 PM

Yeah...I continue to say that we should have used inflation during the 1990s to build windmills everywhere, PMBRs, and solar panels on every roof.  To have spent a few billion funnybucks on pushing photovoltaic cells to higher efficiencies, diamond semiconductors, and other high tech applications for which we have no peer.  CF car parts for GM or something.

We could have had so much surplus electricity that we could have cracked H2 and exported it.  That is an investment.

Instead we got granite countertops and SUVs.  Fatally stupid.

May 11, 2011 1:22 PM

don't confuse pumpers like cliff mosely claven with facts

May 11, 2011 1:29 PM

gosh, you don't mean to imply that the vaunted China, Inc. is nothing more than a counterfeiting shop, do you?

Why the fuck haven't we tariffed everything from that shithole?

May 11, 2011 1:33 PM

where will the water come from?

May 11, 2011 1:41 PM

Until China starts innovating and stops counterfeiting, never

May 11, 2011 1:49 PM

It's not "capital," it's management.

Who the fuck is capital anymore?  The companies are publicly owned...it's management.  And they do it to drive profits in order to enhance their own bonuses.  Where are the dividends??  The profits don't flow to "capital" or ownership, they flow to managers.

and you either sell your soul or you are born into this club.  Management isn't subjected to the same wage arbitrage as productive workers.  WTF does a CEO actually do that is worth $20M?  Nothing.  But because he's at the top of the club, it's like a freakin pyramid scheme or a primitive village where the chief at the top gets all the loot by virtue of just being chief.  And all his fellow club members vote him a big payraise because he will vote them the same thing when it's his turn to do so.  To maintain these payraises REQUIRED taking the money out of workers' pockets.

The parasite class appears to have all the levers of power now.  Management, bankers, they are all parasites.

May 11, 2011 10:00 AM

yeah, that makes sense, cliff, they're using the equivalent of 5 ozs to get one ounce.  Moron.

Bob's short call at 39 and change was right...as usual, you again were wrong and have fallen flat on your face again.

May 11, 2011 10:07 AM

It's all part of a massive conspiracy to make you look like an idiot, cliff.

May 11, 2011 10:48 AM

life won't be horrible...this is the way things are throughout south america and somehow they don't die en masse.

It will mean an end to "nuclear families" and starter BMWs and a lot of shit.  Au pairs I knew took high end phones from here and sold them back home in brazil; it wasn't worth it to hang onto something so prized by people with more money.

Expect everything not local to cost a lot more.  I mean, anyone who's been to Brazil or Colombia or Chile knows how much cars "cost" there.  Things that are taken for granted by shiftless ghetto apes, like plasma TVs and big SUVs are beyond the reach of most people.  Extended families make due with less cars than the average single household in the US.  This is the future, a NORMALIZATION of trade flows and a finding of the real value of the dollar after decades of financialization

May 11, 2011 10:57 AM

He's lost credibility?

I may think bob is a complete dipshit but he has utterly PWNED you on teh silvers, moron.

Your calls?  Bullish as HELL right at the top.  60 next week.  49 end of last week.  TO TEH MOONZ the week after.

Physical unavailable and ALL kinds of shit.

And, know what?  YOU WERE WRONG.  Bob said he was shorting into 39, and you called him a basher and a troll.  Guess what?  His advice was RIGHT.

Now, he may not know shit about nuclear power plants, but neither do you.  The difference is that at least he has some redeeming qualities, not the least of which is that his calls are BITCHSLAPPING yours.

"everyone supports you"?  What a fucking bitch you are; you think this popularity contest amongst lemmings means anything.  LOL.

The truth is that I'm surprised you even have any credibility after that call of Tokyo being "dead or evacuated in one week, tops" (Apr 2), or how you said with a straight face and as much certainty as you could muster that silver would definitely be at 49 by the end of last week!

And you have the gall to talk about "credibility," you brazen piece of shit?

May 11, 2011 11:06 AM

don't confuse the long term with the short

May 11, 2011 11:07 AM

let's examine this notion...CBs hold gold because they are effectively STILL on the gold standard!  Why the hell would China or India give a shit to buy gold for reserves?  So they can be part of the club.  So that in a pinch, you have something to back up your paper.

The nations who bailed did so to support their currencies at the time.  If your CB has nothing backing it, then your currency is naked.  This is how BW stood in dollars for gold, and how BW2 stands in dollars for oil.

The FRB has been a fractional gold scam in the manner of the old BOE for 80 years.  FDR seized gold because it was needed to prevent collapse of the dollar as a result of FRB scamming.

Nations that have production or assets have strong currencies.  Our military happens to presently be our asset and our ability to impose a dollar regime on oil producers

May 11, 2011 11:07 AM

nobody will turn it in.  The only people in favor will be those who have none.

May 11, 2011 11:12 AM

COMPLETE bullshit.

Did the airplane get built on CREDIT?

Did Edison invent the lightbulb on CREDIT?

I can't think of ANY of the truly great inventions that were built as a result of credit.  You are buying into the bankster's SCAMS about how indispensible they are to you.  You don't need their jew confetti to live your life and be productive.

Western europeans need to return to western european values and return to our roots.  Society is what it is because of western europeans inventing everything.  Not because of usury.  The usury system is parasitical.

May 11, 2011 11:23 AM

nice show I saw, building bigger or whatever with the geeky architect dude who's afraid of heights was in RSA, where they are going approximately 2.5 MILES down in a mine to dig out pretty much the last of the gold in what was a huge deposit.

That should tell you something about depleting resources and economicality.  To go down 12000' requires expensive gold.

May 11, 2011 12:14 PM

yes but with Hollywood PC the "whitest" norse god is now black, therefore probably at least one won't be out of bed until after everything has gone down.

May 11, 2011 12:29 PM

those people who bought your call of 60 next week are sitting on 30% loss in their life savings, just like you are.

May 11, 2011 12:31 PM

why are you so emotional, cliff?

I don't hate you at all, I just have no respect for you because you are a loudmouthed moron who talks like he's a genius.

It's not as if I don't deride others just like you; it just so happens that most of them STFU and slink away whereas you come back episode after episode to sit next to Norm and spout bullshit.

May 11, 2011 2:58 PM

Riot police here have deadly weapons, LORADs, pain beams, lasers, and a complete and total willingness to use them.  Snipers would shoot whomever was armed in the head and if they kill someone else, oh well.

They will deal with protests like Syria or Libya does.

May 11, 2011 3:20 PM

sure it is...ferfal goes over this very thing in his writings.

The city is the place to be.  In rural areas, if the power goes off, nobody gives a fuck.  There are no infrastructure services out there because of the dearth of voters and people who will rise up and burn shit.  There are no police either, consequently the country is a dangerous place to be.

Obviously, we have a more well-behaved demographic in most rural areas than the mestizos in latin america, but that has changed due to migration patterns.

May 11, 2011 8:32 PM

$200k to a fucking LIFEGUARD?!?!

May 12, 2010 1:50 PM

no.  The shit comes unhinged when he completely loses control of the POG.  If he tries to short using paper gold, the physical market will call his bullshit.

See, bankers cannot create real gold, only derivatives of it.  Nobody holding is going to sell physical.  They will create fatal and irreperable backwardation until the fiat market comes apart. Gold's street price will rise so much that it will end up being a substitute currency or backer thereof.

Bankers can only control the price of financial instrument, not real things.  Imagine if the Fed tried to "target" the cocaine price.  Bankers have only tricks and paper products that they can control.  The real world marches to its own beat.

If BB wants to target, he will have to sell real gold.  They can only lease until the stresses crack the futures market completely.

May 12, 2010 1:51 PM

You misspelt "Douchinger"

May 12, 2010 1:56 PM

Naw...pompous idiots are just fun to make fun of.

TF acolytes come here to rain the deflation parade on us.  Someone for shits and giggles resurrected a post from 2007.  The great "NoThing" poster, the chief deflationist on TF said that gold at 800 was a sell, soon to be boat ballast.

I've been banned from TF for like half a dozen times, the first few were for arguing peak oil and inflation.  Douchinger was himself at first an inflationist until he was talked out of it by NoThing.  He probably sold all his gold and now is hurting because his paper assets are soon to be wallpaper.  At least if goldbugs were wrong, we'd have some ballast or a rustproof doorstop.

May 12, 2010 2:07 PM

This is the dumbest fucking thing I've ever heard.

I can walk into any country in the world with gold and translate it into paper to translate into real goods and services.

WTF can you do with USSR Rubles or Cruzeiro Reais or any of a number of other superseded paper currencies???

May 12, 2010 2:08 PM

What you should look for in this case is technical divergence in MACD, momentum, and RSI against the two peaks.

May 12, 2010 2:12 PM

It ain't gonna start.

You have to be a hitter financially to even have the spare scratch to get ONE fucking ounce these days.

Imagine a bunch of sheeple trying to participate in gold fever.  LOL...wtf are they gonna do, most people don't have the spare loot to pick up a 1/10 oz eagle.  Imagine this shit getting pushed to what, 2, 3, 4000 an oz?  You honestly believe that little folks are going to run into a coin shop and have the $ to plunk 3 or 400 on a dime-sized goldpiece?

May 12, 2010 2:14 PM

Then we'll beat it into a fking cow and worship it.

What do YOU recommend?  I cannot stockpile oil; my backyard isn't big enough.

May 12, 2010 2:15 PM

Take a weighted price, not the peak bubble price attained only for a few minutes in one day.

If we get a gold bubble again, to make a new high, yeah...would require like 10k an ounce

May 12, 2010 2:19 PM

Naw.  Ain't gonna happen that way.

Paper is free.  They can print paper.

Oil ain't.  It's in supply decline.  Gonna be a big war over it.

People fret about fucking gold; it's been in supply decline since freaking 2000.  We're not seeing anything other than mildly rising demand against SHRINKING supply.

May 12, 2010 2:24 PM

What is YOUR SUGGESTION, dumbfuck?

All I ever hear from you paper bulls is how gold sucks.  WTF is YOUR SUGGESTION?

Because if you think FRNs are going to hold their value, you're a goddamned idiot.  They haven't and they won't.

May 12, 2010 2:26 PM

No shit?!?!

WOW...I did not know that.  Do you have a BETTER suggestion for something of value I might procure that others will trade for?

May 12, 2010 3:08 PM

those types are really fond of consumer merchandise, pimp suits, and gold watches.

May 12, 2010 4:05 PM

SS and Mediscare are in deficit and will continue to be.

These numbers will only get worse, substantially so.

Dunno why Douchinger is such a big fan of the paper notes of a government so bankrupt...

May 12, 2010 4:07 PM

Don't talk about debt and usury that way, it's antisemitic

May 12, 2010 4:09 PM

No...we should repudiate the debt.

Why should we suffer austerity required to pay back illegitimate debts to usurers?

May 12, 2010 7:40 PM

ZHFTW

May 12, 2010 7:46 PM

same can be said of FRNs, dumbass

May 12, 2010 7:51 PM

gdit...gold is in PERMANENT supply decline since 2000.  That is the year of Peak.

What we are experiencing is really no more than relatively constant demand (mostly) against decreasing supply.  A lot of people see sinister trends in the Fed's leasing and sales, but really they could have just been meeting the supply deficit for bullion.  In the past 10 years, China and India and the Gulf have continued to get richer and their consumption of the product has increased demand.

May 12, 2010 9:14 PM

McCulley is a moron:  what happened was not good.

The Fed made instruments that were literally WORTHLESS by design and made them into par instruments.

The error was in ever allowing dogshit to be sold as AAA paper.  The bankers found a way to run a ponzi scheme; pure and simple.  And the Fed just monetized all the worthless claims.

The shadow banking system DESERVED a run.  Any time a banking system is shown to be KITING or lending what they do not have or let's say you catch the banker out BLOWING the deposits on hookers & coke, you HAVE to run the bank!

The bankers and all the firms responsible should have been imprisoned, broken up, hanged...and yes that includes Bob Jewbin and all the rest of these incestuous crooks.  All the way to the top of the Treasury and Federal Reserve...hanged.

This PIMPCO idiot doesn't seem to understand what the cause was...when the future is contractionary, ALL debts become increasingly infeasible as a "going concern."  It becomes clear at the point of debt saturation that these claims cannot be paid and so there is a rush to redeem first.

May 12, 2010 9:33 PM

You forgot (6), the regulatory regime pursued by Congress and the ex-CEO of Goldman Squid, Bob Rubin, made it so that the toxic securities arms of the banks could merge with your deposits.  They got to use ordinary joes' funds to lever the shit out of everything.

The banking collapse would not have spread to retail banks nor would ever have gotten as large as it was had this firewall between IBs and retail banking been broken down for the "greater good" of Wall Street.

The solution espoused above is to revalue worthless shit to par via monetization.  Bcoz the banks and agencies that owned it or got in congested in their conduits were on the capital hook had it been valued fairly and there would have gone ALL our deposits.

This is what really happened; banks needed to offload the zillions of this shit and the music stopped.  Every one of them had massive off-sheet vehicles intended to use leverage to aggregate crap for sale.  Then the ponzi stopped and they were all on the hook to pay somebody what they'd borrowed.  The collateral they borrowed against was all OUR money.

The appropriate measure to take would have been to have BROKEN UP the banks into retail facilities (utility like) and segregated the IBs and said fuck you to all those associated with them.  Pursue your claims against the executives.  That is what would have been fair.

Instead they put us all on the train tracks.

May 12, 2011 10:39 PM

I don't recall calling him a crackpot...maybe you can show me where I did that

May 12, 2011 10:40 PM

how many times do you people need to be told WHY that won't work before you'll stop repeating this same stupid statement?

May 12, 2011 10:46 PM

chernobyl was different.

The core's open exposure allowed them to pour in sand, lead, and boron, which melted and permitted the core to mobilize downward out of the reactor, spread out and cool.

The remains of that lava is all throughout the piping of the building and whatnot, like frozen glass.

This is not the situation in Fukushima Dai 1.  Chernobyl also did not have massive SFPs containing multiple core equivalents in the plant.

May 12, 2011 10:50 AM

bonds?  LOL.  They depend upon growth.

May 12, 2011 11:39 AM

doesn't anyone on ZH live out there and have a dosimeter?

ANYONE have any radiation readings from anywhere??

May 12, 2011 11:40 AM

He's too ugly to use a mirror unless he puts someone else's picture up on it

May 12, 2011 11:54 AM

the good news is, once they've washed the entire core out of the reactor, there won't be any more radionuclide release lol

May 12, 2011 12:26 PM

distilling removes all impurities

May 12, 2011 2:12 PM

people subscribe to the Pest because it tells them exactly what they want to hear

May 12, 2011 2:48 PM

Gee...credit peaked at the same time as oil production did

May 12, 2011 4:35 PM

they don't owe them jack.  The natives were just standing on the ground, not developing it.

Let them repay Spain for the wheel and the written word.

May 12, 2011 7:58 AM

something better pop up to turn the USS Titanic Silver around

May 12, 2011 8:08 AM

60 by next week!!!  ROTFLMAO

May 12, 2011 9:31 AM

dltd

May 12, 2011 9:33 AM

dude, you DID say 60 by next week.  Just like you DID say all of Tokyo would be dead or evacuated by April 2.

Now, your "life savings" which is in silver...well, it's plunged by 33%.  You have lost an astounding amount of your life savings in the span of a week.  Now, I know this is probably only 300 bux or so, but still... LOL LOL

May 12, 2011 9:42 AM

yep...this is more "annihilated."

Anyone who had their life savings in silver was asking to get banged out like a cheap whore.

May 12, 2011 9:44 AM

I can answer why mosely-claven does that...it's because he's a liar and an idiot.

When he falls on his face (again), rather than admit his error, he just goes into the lies and bullshit even deeper.

Very quickly, he loses the ability to even keep the stories straight and he falls on his face AGAIN.

And he never learns from the experience of falling on his face.  He'll dust himself off, pretend it never happened, start spinning bullshit to rationalize it, then promptly march right off and fall flat on his face AGAIN.

May 12, 2011 9:49 AM

the price action is suggesting some gold support at 1475-1500 and silver in the low 30s.

I'm not sure there will be much in the way of renewed massive selling pressure to take it down to the 20s.  Maybe a slow bleed, but the overbought conditions have totally burnt off.  We'll soon see whether there were real buyers at this level or else just pumpers

May 12, 2011 9:50 AM

everyone expects the USD to collapse...the Yen is in far worse shape.

I picked Japan to go first; thought the yen zone would faceplant a couple years ago.

The world is awash in yen the same as in dollars; everyone is tapdancing on a highwire.

May 13, 2010 2:20 PM

You don't fuckin get it, do you?
Gold is not a "trade"

May 13, 2010 4:24 PM

Yeah, the debt-backed FRN will again reign supreme, as it has in its 100 year history of rising in real value against all commodities.

May 13, 2010 4:34 PM

this is an easy one: he's a paper pusher.

Really, it's that simple.  I've been banned from TF like half a dozen times.  The first one was for backing him into a corner on Peak Oil.  People PMd me and said be careful, you've cornered him in this argument and next thing you know, banned.

Another time was for arguing the inflation case.  I said they'd print; he disagreed.  Bye bye.  I sent him an em as a followup saying you were wrong, I was right, now unban me.  Of course not.

He cannot accept Peak Oil and the end of debtmoney because his entire life is invested around "capital markets" which means THE ponzi scheme must continue.  Growth and "trading" only have merit so long as "the Game" continues.  Once over with, he's out of a job.

So his two alternatives are the paper game and "mad max."  There's no in between.  Argentina or Zimbabwe or USSR or Mexico or any of a number of defaulted nations with debauched currencies, even the mighty FRN's decline over the past 40, 50, 100 years...none of it changes this. 

In the paper economy, people like him, "traders" or would-be deflationist vultures, get to rent-seek.  Douchinger made his money in the .com bubble, and he loves him those bubbles.  Now that he's relatively cash-flush and living the good life, like every bankster, he wants a deflationary crash so that he can scoop up all the land and goods he wants and charge the little people rent.

May 13, 2010 4:36 PM

try CNI or goldeneagle

May 13, 2010 4:37 PM

It's plated.  Too heavy otherwise.

There *was*, however, in one of these dubai places, a silver Audi A8.  The body panels were actually made of silver IIRC.  Real cool-lookin

May 13, 2010 4:42 PM

Debt currencies are ALWAYS a bad idea.  Just when the future becomes contractionary they are FATALLY bad.

A production-backed currency, such as real bills, is always the best solution.  Or Colonial Scrip and such things.

Back a currency with coal, gold, wheat, dentists' time, botox injections, who cares?   Just back it.  You produce high quality, your bills are worth more...let the market figure it out.  It isn't as if we don't ALREADY fix the price of wheat versus pork bellies or orange juice.

Let real producers assess versus real consumers just like a MARKET is supposed to be.  If specs enter the marketplace, let them get their asses handed.  And NO issuing of bills against goods that do not or will not exist.  No fractional creation.  Lend real capital, not money from thin air and expect rent.

May 13, 2010 4:45 PM

never held narcotics, have ya?

Bans invariably "wipe out" everyone, right?  No drugs comin across the border, no weapons, never were speakeasies...

May 13, 2011 10:06 AM

Eh...

When the euro was appearing to collapse before our very eyes and a lot were calling for imminent parity, what was the euro POG doing?

Also, what was the cause of the euro's slide?  It was the insolvency of member States.  Deflation.  Bond collapse due to unavailability of money, i.e., high yields.

There are two ways out of a debt trap.  One is default, two is print.  NEITHER is currency-positive.  The bernank knows this and has his finger on the print button- ALL the central bankers do.

If we see serious deflation, we will find out how much leverage is in each asset class right quickly.

May 13, 2011 10:09 AM

I've been mulling the same thing as you.  But each and every time it seems that we are at an "end to QE" or some such shit, we see it return with a vengeance.

Each and every "shorting opportunity" of the past 2 years has lasted all of a week at most.  And these "we are at the top" calls have been legion during that period.

May 13, 2011 10:18 AM

you think your stupid FRNs are going to be worth shit if the US is insolvent?

People would be wise to review any of the dozen or so countries experiencing a currency wipeout just in the last 20 years.

I mean, I hear this crap about how stupid Americans are all the time and I have to start agreeing.  Wipeouts are COMMON.  Just because you haven't taken the time to inform yourselves of them or that the blathering talking heads on the boob tube didn't tell you about them doesn't mean they didn't happen.

In EACH and EVERY case, the sine qua non of them was unpayable debt owed by the sovereign.  There never has been any other cause of a wipeout.

It is useful to begin thinking of the bond and the currency as interchangeable.  That is because they ARE such in the modern fiat world.  The ONLY thing in the world you can GUARANTEE you can buy with the legal tender note issued by the CB is the bond issued by the sovereign.  They are joined at the hip.

The Central Bank relies 100% on the SOVEREIGN's ability to back the notes with real value of the levy of taxes, of real production, of State assets such as land, energy, water, armies, etc.  Without the government's "fiat" as to the tender status of the CB's notes, they have NO value.  As the sovereign goes, so goes the CB.  Who is going to enforce the legal tender provision?  The STATE. 

People wonder why CBs hold gold...it's an insurance policy AGAINST the sovereign's inability or unwillingness to enforce legal tender/value of the CB's paper.  If they have to, they can dust off the ingots and say "look, here is our real asset."  That is the only thing the CB has in its possession to persuade a consumer that their paper is worth more than something a schoolchild could doodle in his free time.

May 13, 2011 10:57 AM

hmm..that's precisely what goes on in inflation zones where currencies shit to 0.

Take a look at south america...the Colombian peso is 1800 to the USD.  Everything there is denominated in the millions.  In real terms, locally produced stuff like food is still wage-priced, but cars, imports, TVs, etc., are astronomical.  The same is true in Brazil, despite the real's relatively stronger position.  Capirinhas can be had for 2 or 3 reais but a honda costs 60,000.  Wages of R$30,000 per year are considered pretty good.

May 13, 2011 11:21 PM

this is odd because the SCOTUS has ruled that there is a right to resist unlawful arrest, even by deadly force.  Several state courts have so ruled as well.

This notion that you can just arbitrate all this crap post-facto through the courts is bullshit.  The police will fucking lie their asses clean off

May 13, 2011 12:11 PM

Hopefully they subcontract it out like we did in Katrina.

Prime gets $100/sqft and subs to B at 80/sqft to build it who subs to C who gets 60 to build who then subs to D who gets 40 to build who subs to E who gets 20 to build it and who goes out and buys a fucking blue tarp from WalMart and everyone calls it "reconstruction."  And profits.

Meanwhile all those po' po' innocent noble Katrina "refugees" use their FEMA cards at strip clubs and for buying LV merchandise.

May 13, 2011 12:15 PM

how many times do you guys have to be told why cement entombment won't work?

This is NOT Chernobyl, not even close.  It's a totally different catastrophe with its own technical obstacles.

In fact, the containment apparatus that the west mandated for reactors is now one of the biggest obstacles.  Chernobyl was a riskier reactor design but once it blew its lid, it presented a target to pour shit into.  All that lead they poured in GREATLY assisted the hot reactor materials to flow downward out of the reactor vessel away from moderation, stop fissioning, and eventually disperse and cool into octopus-looking lava formations downpipe. 

At Fukushima plant 1, containment is still "effective," and they have giant 15m^3 assemblies of spent fuel rods still needing cooling.  No amount of concrete can just make this situation go away.

May 13, 2011 12:26 PM

the carry currencies are getting assfucked...JPY or USD against AUD, BRL...EUR getting it up the pooper too.

May 13, 2011 12:59 PM

The Fed is going to have to squelch some inflation before the next wave of it.

May 13, 2011 2:19 PM

o/t but I was wondering what your thoughts were on just trying a concrete entombent at Fukushima

Only feasible if they crack open the containment and mobilize the core down and out so that it can disperse and cool.

What Chernobyl did was have helos overhead dropping in things that would melt (absorb heat via latent heat of fusion and vaporization) but not only this.  The perhaps unplanned side effect (maybe it was by design) was that the core mobilized as a viscous liquid and flowed down out of moderation, ending fires, pollution, fission, and facilitating radiative cooling.

I think I suggested such an approach in Fukushima, like over a month ago.  The problem here is not containment so much as it is cooling.  I recall saying that they need to prevent fires and let things melt down so that they can cool off.  A flowing core with sand and lead presents actually an easier engineering problem than what they have now and you can spray such a thing with water and not have to worry about continuing radionuclide release.

The only way to do a Chernobyl is for them to intentionally crack open the containers and SFPs, pour in something that will mobilize the cores as a liquid or syrup and then let it flow out into big piles and lava octopii.  Basically an exercise in creating a large area of corium.

The site will be ridiculously hot from a beta and even gamma (Cs decay pathway) perspective for eons, but at least it will not continue to contaminate everything around it.  Chernobyl's broader ongoing contamination problem was effectively ended once the core was liquified and the fires stopped.  This did not solve the existing contamination, just prevented more of it.

As things stand, we are seeing a major, major defect in the philosophy of BWRs.  The edge case of meltdown where coolant cannot be applied creates a engineering coffin corner.  We instead face a long term contamination release issue because the cores continue to radiate and this heat source is kept bottled up in a nice, confined and now inaccessible vessel.  They have to continually vent pressure which means continuous radionuclide release.

Their tent hope is that they can capture those elements and maintain their ongoing cooling.  This will still mean massive radionuclide release into the oceans because the coolant water has to go somewhere.

May 13, 2011 2:20 PM

this only means that your lense is distorted by your own homosexuality

May 13, 2011 6:42 PM

give them all FEMA cards...we can't have anything bad happen to black people

May 13, 2011 6:47 PM

there wasn't an opportunity to spin it as racism.

Every time blacks fail or anything bad happens to a black person, it is a result of white racism. 

Unfortunately this time the President is the jew darling and they are who installed him and set the message you see and hear.

May 13, 2011 6:47 PM

you guys do know that jews idolize blacks, right?

May 13, 2011 6:59 PM

I guess a lot of you are going to be trying to pack out a lot of guns, ammo, silver, and canned hams from your about to be washed away bugout farms huh?  LOL

May 13, 2011 9:59 AM

we said that about QE1 and it was the time to get long.

if the market melts down again, the government will lose the support of the upper middle and lower upper "trade" classes, IOW, the people with the 401ks.

The market will not be allowed to crash; it's as simple as that.

May 14, 2010 10:11 AM

"Many German voters may have wondered whether taxing the poor to pay the rich to engage in usury was really as “Christian” as the party claimed to represent.”"

Careful there with that antisemitism...

May 14, 2010 10:14 AM

Do you mean the National Guard?
Perpich v. State.  The NG is a reserve unit of the United States Army.

Their deployment anywhere will be avoided by the Court as a political question.  We have kind of a planetary alignment for despotism in this country now, with a Court that is non-activist in terms of personal rights and "political questions," citizen standing, etc., and one with bullwarks like Scalia who can apparently find NO limit to the "legitimate interests" of the State in terms of its police power.

As much as I hate judicial activism, we really need one branch of government that will stand up to the other two and defend goddamned liberties and the law.

May 14, 2010 10:17 AM

No; money is an abstraction, a fiction.

Take the FRN away, something else will spring up as an emergent phenomenon.

What *is* indispensible is energy.  Money only has the power that we give to it.

May 14, 2010 11:43 AM

very easy:

http://www.kitco.com/ind/Chaize/may112010.html

Just read this.

Review most importantly the trends in developed countries versus backwaters.

You see a CLEAR match between the production behavior of gold with respect to geographics as you see in oil.

The MAJOR producers are past-peak and in terminal decline.  The stable countries were exploited first, the weaker countries with lesser, harder deposits after that.

Those countries are still rising in production but they will NEVER be even remotely close to the major producers due to the ease of the latters' deposits to access and the size of the resources.  The big whales are in decline.

Gold peaked in 2000.  This is the cause of the rise in price over most of the last decade.  Standard, classic supply/demand metrics.

At $800/oz, I would wager that most of the backwaters production would be uneconomical.  The same is true with oil.  At $30/bbl all nonconventionals are money-losers.  They have to shut in production.  Supply falls, price rises.  We're just seesawing around a declining production curve against rising real costs of development.

May 14, 2010 3:25 PM

what if the Fed tells us it's lying...does our head explode?

May 14, 2010 3:28 PM

Clitton's been a CIA asset since his time as Arkansas governor.

May 14, 2010 3:35 PM

I agree with the shit out of this statement.  Oil is the thing I'd most love to stockpile, however I don't have a fucking tank farm.

Platinum has an industrial usage...why is it not $5000/oz?  Rhodium is rarer than either of them...it trades high.  Things trade according to supply versus demand, it's as simple as fucking that.

May 14, 2011 8:16 PM

lemme guess...largely black district?

Half of the city of Detroit is illiterate and DC was at about 40%

Phonics are a horrid teaching tool, btw

May 14, 2011 8:20 PM

wtf do you expect when 25% of our population is of third world stock?

You people expect to transplant blacks from Africa and hispanics from Guatemala and have them magically become different??

May 14, 2011 8:22 PM

not likely...copying things more complex than a Louis Vuitton bag seems to be beyond their abilities.

They are about CHEAP knockoffs, not faithful imitations.

May 15, 2010 2:05 PM

Guns & ammo - virtually useless.

Hasn't worked in any collapsed society anywhere.  Good to have one or two pistols maybe a rifle, but beyond that a complete waste of time except to sell to people who own none.

Shit is not going to hit the fan like a zombie apocalypse.  It never has anywhere. 

May 15, 2010 2:36 PM

Agree 100%!!!

That is why other banned things like cocaine are ABSOLUTELY WORTHLESS

May 15, 2010 3:11 PM

There is no zero point.

There never has been

There never will be one.

Your basic premise is flawed.  Societies have collapsed all over the world thousands of times throughout history and NEVER, not ONCE, has there been a fucking zero point.  EVER.

The Sun will STILL freaking COME UP.  Even if the almighty FRN collapses in a DAY.  Food will still be grown, trade will occur.  Just like everywhere else in times of crisis.

Why in the hell would everybody STARVE?  This is just apocalyptically ABSURD. 

May 15, 2010 3:14 PM

100% agreement.

Guns and ammo are not for the SOCOM wannabes.  They are for trading.  Like they were with the injuns.

Fuel is useful, seeds, animals, anything people value.

And gold is portable.  All paper won't collapse overnight.

May 15, 2010 3:17 PM

Your father is an idiot.

The powers cannot control how much oil the earth yields up.

We passed a point called Peak Oil a few years ago.  Nothing the powers do can finagle more oil out of the earth than it yielded during the peak year.  It's as simple as that.

Gold peaked in 2000...no amount of ZIRP or cheap money can mine more gold in a year than that year gave up.  Helium peaked in 2002.  Doesn't matter what you "value" helium at, the year of maximum production rate is passed and production every year going forward will decline.

The powers are impotent.  That they are not is a fallacy.

May 15, 2010 8:46 PM

1. Drillers are laughably wrong.

2. wrong again

3. wrong a 3rd time...trifecta for you!

Oil has peaked...that's pretty much the long and the short of it.  The OCS doesn't contain enough SUPPLY to materially affect anything

May 15, 2011 1:43 PM

I wrote "another jew lol...." as the 3rd post.  It must have gotten junked off.  I mean literally it was gone in less than 5 minutes

May 15, 2011 10:47 PM

yes, but that this piece of filth was allowed to merrily rape women all along his fucking posh career with first class seats and 3k/night suites is an abomination.

Shitheads like this at the top of the plutocrat food chain seem to think they have plenary droit de seigneur over the world.

May 15, 2011 11:04 PM

concur; Clitton's drugrunners had opponents whacked mafia-style if they didn't die in plane crashes.  DSK would not have been that hard to "get to"

May 15, 2011 11:12 PM

you'd have me believe that the man turned against his own clan and so he needed to be "removed"?  The ties between these banksters are deeper than professional, ok?

May 15, 2011 11:30 AM

keep bringing up 100 year old shit.  Let's look into India's history and see what we find there

May 15, 2011 11:33 AM

phonics is misguided for a couple of major reasons.  The first is that English is NOT a phonetic language.  In great irony, the word "phonics" is not fonetic lol.

Secondly, phonics forces people to read, hear the word, then understand it.  That's simply not reading; it's listening.  The people who have to sound words out have inferior reading skills to those who can recognize a whole word.

Language is not composed of sounds or of letters; these are abstractions.  Language is words, whole words.  And a word is a placeholder for a thing or action, etc.

The "teach your baby to read" courses are superior study programs.  Unfortunately, lazy and stupid parents do not teach their children to read and so we get people who will never achieve at high levels.

May 15, 2011 11:48 AM

moron.

Silver bein sold for 3630 for 100oz bar just yesterday...dotheads lined up and buying.  No shortage, no massive premiums.

You're just a fool and a joke

May 15, 2011 11:49 AM

and you sit at the bar everyday Cliff and talk shit.  So what's it say that someone who signed up a mere 6 days ago took 33% of your life savings?

May 15, 2011 12:06 PM

yes, they um...what, used that maid to force DSK to chase her down the hallway naked??

do you people think before...well, ok, you don't.

May 15, 2011 12:08 PM

perhaps she was the only one that didn't take the payout.

Some women actually do have some scruples

May 15, 2011 12:12 PM

funny that this other star is invisible, eh?

May 15, 2011 12:17 PM

basically, yes...as is Hollywood and the City and Street.  I mean, sure there are token gentiles.

Every clan in history had things that they were known for and they were ruthless against outsiders, pursuing any advantage possible.  The jews are no different.  Gypsies steal without compunction from outsiders, mormons will deal with outsiders dishonestly and have no guilt over it.  The jews, during the times they were a nation, were busy warmongers, taking by force and slaughter.  When nationless, they have relied on lending what they did not have at interest to outsiders.  They were known as the clan for the lending rackets.  Just as certain mob crews were known for having expertise in certain types of rackets, some did gambling, some did hookers, some did drugs, some did garbage hauling, some garments, every crew or mob had some specialty for which they could be relied on.  La cosa nostra, nuestra familia...etc.

May 15, 2011 12:22 PM

you're belgian, right?  I guess you don't understand the whole "blacks" thing

May 15, 2011 12:22 PM

WTH?

the reality is that he was a freakin pervert and this maid just objected to it instead of taking the money he offered

May 15, 2011 12:29 PM

are we seeing post deletions now?

May 15, 2011 12:38 PM

of course, astronomy giants like Kepler and Copernicus missed it, along with everybody since, Hubble, all of them....

But the moonbats didn't...

May 15, 2011 6:58 PM

the standard response:  slander everyone who NOTICES as a waffen SS

May 15, 2011 7:04 PM

you got "the email" too, huh?

the problem here is not what you or anyone else is saying.

The problem is that the group you are saying it about in reality possesses SO MUCH POWER that they can dictate even to TD what can and cannot be said.

In much of Europe, where I suppose ZH is sited, you can be arrested for what you just said.  This is no accident.

Anyone who even NOTICES or god forbid, dares to IDENTIFY anybody in this group is subject to prosecution.  Nevermind the solidarity of ownership of the popular forums of message, where strict controls can be placed on what is acceptable and what is not. 

If you dare to identify anyone in this group, be you Sheen or Helen Thomas, you'd better have fuck you money because the weight of the machine will come down on you.

I haven't seen anyone name-call, nobody has used a slur, there have been no epithets, not one call for violence.

ALL that has been done is the identification of a predominant attribute of various parties.

May 15, 2011 7:26 PM

it is not his fault that the indigenous peoples are a failure

May 15, 2011 7:46 PM

no; Rhodesia was the breadbasket of Africa.  Zimbabwe has been a complete and utter failure, just like it was before being Rhodesia.

Listen, the government came in and what farmers/landowners that weren't slaughtered by the indigenous population saw their forefathers' sweat and toil handed over to indigenous peoples who sat on their asses and let the crops rot.  They sold the equipment as scrap.

We see a similar phenomenon here when public housing projects are built like Cabrini Green.  At its construction it was an astoundingly fine facility.  The population that lived there destroyed it systematically over decades, oftentimes pissing in their own hallways, tearing out their own toilets to sell as scrap and then shitting into the holes.

It's high time the world woke up and just stopped LYING to itself about what is versus what we wish would be.

The indigenous population of Zimbabwe is still of the same competencies and attributes as they were prior to colonialism.  They are merely reverting back to the state of affairs prior to foreign settlement.

May 15, 2011 7:52 PM

why must people like you substitute sinister conspiracy for what is NATURALLY occurring as a result of the PEOPLE who now run Zimbabwe?

Look, a population that built stuff was displaced by force by a population that does not.  WTF do you EXPECT to happen?

Do you really honestly believe that the colonists possessed some magic incantations that made the land yield to them and built all those farms and machinery and that the natives lack this spell but in all other respects are their equals?

The reality is that the competencies and attributes of the two populations were and remain MILES apart.  Zimbabwe is merely reverting to a condition consistent with its population.  There is no mfing conspiracy, jfc...if such existed, it would have been in FAVOR of the colonists.  You would believe that the "powers" of the West destroyed Zimbabwe?  WHY?  The WEST was in control of Zimbabwe as a result of colonization!

The west is who decided it was time to have "diversity" reimposed on African states successfully run by non-majority, non-indigenous peoples.  The colonists fled or were slaughtered with State assent and assistance.  Now, the indigenous are firmly in control and the entire economic system is reverting to what is achievable with their abilities- the SAME state it was in prior to colonists.

May 15, 2011 7:54 PM

this is my expectation as well...been watching the BRL a lot because it is indicative of a lot of things.

The POG will likely climb in EUR/BRL/AUD and stay flattish in USD.

May 15, 2011 7:58 PM

hey doucheface, before you post this comment to yet ANOTHER thread, I'm sure there's a forum out there with idiots just like you who won't ever say anything you don't like.

May 15, 2011 8:00 PM

what, so this place can end up like Douchinger's forum?

Ignore lists are for people who come to discussions to reinforce confirmation biases

May 15, 2011 8:18 PM

Empire is a necessary artifact of the central banking scheme.  Any nation so infected has no choice against the math of the compound interest function.  It HAS to feed.

Who is going to renounce empire when it has allowed us to live so well?

May 15, 2011 8:32 PM

um...it is you whose responses are ad hominem and non sequiturs.  He asked you a clear question.

May 15, 2011 8:38 PM

what the fuck?  Is it the responsibility of those dispossessed of their work to leave behind some freebie for the fuckin africans??

In many cases, the settlers were brutally slaughtered.  In others, their operating farms and ventures were just stolen by force by the government and divided up amongst the indigenous.  Yeah, they pretty much left shit the way it was.

The collapse of the Rhodesian economy was NOT the fault of those who freaking BUILT IT.

May 15, 2011 8:41 PM

that simply isn't what I said and your racist epithet serves nobody well

May 15, 2011 8:46 PM

He thinks Geithner is the first to say this?

It's been said so many times it is ridiculous.  I marvel that anyone thinks SS has any money in it at all.

If you explain to a moron about how SS works, they just get so scared that they on that basis alone refuse to accept what you say as truth.

It's kinda like that when you venture onto politically incorrect topics about equality.  A reality of inequality is just too scary to contemplate.

May 16, 2010 1:59 PM

what's with the antisemitic suggestions?

May 16, 2010 11:16 PM

Douchinger brags about having made his money in the .com bubble.  He's a paper pusher.

He's also lined up with EVERY SINGLE DEFLATIONIST and announced that he is going to convert his FRNs to real assets prior to the collapse of the FRN.

All of them on TF say that.  They intend to scoop up land, housing, producing assets, gold, younameit, as the FRN gains in value due to the deflation.  Besides this being vulture-like and classic rent-seeking, they all foresee the dollar rising in value but then self-destructing.

So in other words, they are all closet hyperinflationists.  None of them could be stupid enough to believe that the notes of a bankrupt state, a massive debtor, in the throes of a deflationary spiral, would remain worthful for long.

The problem with deflationists like Douchinger is they cannot understand or study history.

Argentina is a CLASSIC deflationary example.  When everyone ran to access their money, they locked the banks!  You cannot get a PURER form of sucking money out of the system than that.  They throttled ALL velocity to a standstill.

But, then they revalued.  I can see how the math suggests deflation, but I don't see how history and reality suggests that I will be able to stockpile cash and access it "when the time is right."

May 16, 2010 11:21 PM

I am going to disagree with you.

There is nothing inherently wrong with fiat currency.  The government should print and tax the money out of existence, like tally sticks.  It's an inherently stable system.  The problem comes when the sovereign defaults, which they always do eventually.

A production-backed or asset backed currency is the answer and will be the eventual outcome, where labor and goods back real bills.  Simple system, really; let the market decide.

But governments don't like markets or physical laws or reality.  They want it THEIR WAY.  Must be megalomania or something, trying to repeal the law of gravity.

May 16, 2010 2:11 PM

The part where the government will collapse if they do not devalue to satisfy their obligations.

Apparently, you are incapable of looking at any of a NUMBER of collapsed nations which had GIGANTIC lower classes and still experienced currency crises.

Brazil, Argentina, Mexico, USSR...the list is endless.

There is NOT ONE nation that EVER went into hyperinflation as a result of a wage/price spiral...ever.  It ALWAYS revolved around unserviceable debts and the inability of private credit growth to chase the exponential compounding interest curve.

DEFLATION as you are talking about is what CAUSES the hyperinflation.  You cannot cheat the math.  At such time as the credit growth demand stops, the interest begins to consume the money supply.

Easy example...one banker, one borrower.  Banker lends money to borrower, $100 at 5%.  At end of year, borrower must come up with $105.  Either someone ELSE borrows the extra $5 from banker or else the system self destructs because credit will not grow.  The borrower is in default because there is only $100 in the system.  He must roll his loan and go deeper into debt as a function of mathematics.  At such time as the aggregate borrowing stops, assuming the loan is made into an installment with interest ONLY due at successive years, the money supply eventually becomes consumed ENTIRELY by interest service with all principal still outstanding.

You either create money by printing, or the entire money supply collapses in a credit based system once aggregate credit demand peaks.

May 16, 2010 2:24 PM

Agree with everything...except sale of treasuries.

If that occurs, the USG cannot self-fund.  At some point the oil/dollar peg must break, and it does so under the weight of the exponential growth of US debt versus the decline of oil supply.

The US CLEARLY cannot pay back the dollars borrowed plus future interest claims in oil barrels.  That by itself makes the dollar a dead man walking.

The Petrodollar is what we subrogated for the Bretton Woods accord.  So long as oil supply rose, the system could self-sustain.  Once effective EROI peaked, the dollar is in a state of self-collapse.

Core yields are in a state of collapse...I submit that this reflects that the aggregate economicalness of the world is in decline and in some places, completely nonprofitable.  Like an oil well where you have to put more energy IN than you get out or a tree where you have to expend more energy climbing up E=gh than the apple will yield at that height.

In this case, there is NO demand for credit at even 0%.  Interest rates *follow* economicalness, not the other way around.  In a growing, less mature nation like brazil, you have demand for credit at much higher rates.  In a mature economy, what is left to do that will yield even 1%?

This is the peak curve in real-time.

May 16, 2010 2:34 PM

My FRNs will?

Remember this:  the difference between "gold bugs" and "deflationists" is in TIMING.

Gold bugs are buying NOW.

Deflationists are hoping to buy LATER right before the FRN goes hypernova.  Every single ONE of them has announced their intention to move into hard assets DURING the deflationary liquidation.  Even Douchinger.  Land, energy, gold, whatever.  They plan to buy it all up at fire sale prices, converting their FRNs into something hard because the currency will destruct itself.

May 16, 2011 1:04 PM

that's because you're putting yourself into his shoes.  Don't do that.

That is the biggest mistake people make when they attempt to "understand" the crimes of others. 

People like this act as if they have impunity.  They are not conceiving of the assault as an actionable crime

May 16, 2011 1:32 PM

they need to flow the cores somewhere they can cool them off and solidify.  As long as they sit in containment, they continue to belch radionuclides.

Go AGAINST the effing "common sense"...meltdown is your friend.  They have no closed coolant loop.  If these things are still fissioning sporadically, this means pour in water, have it evaporate off with I131 and Cs137, vent that to the world, and then flow water into the ocean.  Not a good solution.

Get the goddamned fuel out of the places it's in and encase it within lead or tin so at LEAST the heat and fission situation abates.  YES the fucking site will be hot forever like Chernobyl; it already is!!

May 16, 2011 11:49 AM

Bbbbut....I thought the yuan was the new reserve currency!??!!

May 16, 2011 11:56 AM

then real rates will never be permitted to be positive, because failure to grow = implosion.

May 16, 2011 3:03 PM

if he's short USTs right now with leverage, he's getting fucked.

A short UST bet requires a QE3 around the corner along with a substantial debt ceiling raise.

Market is at a crossroads and I am itching to short; I just can't reconcile this with an election year and the history since 09.  Silver, oil, etc...versus crap like NFLX and LULU.

The GOP wants a market swoon but not to be blamed for it.

May 16, 2011 9:19 PM

Um...this decision would seem to be in CLEAR defiance of existing SCOTUS jurisprudence and will be reversed.

Either way, though; it is only a matter of time.  The Court, especially the rightside judges like Scalia, can seem to find NO limit to the police power of the State.  EVERYthing is reasonable because the State says so, and we must always conduct a "balance" test of the "legitimate State interest" against rights and the right always lose.

May 16, 2011 9:26 PM

certainly that will be argued by the police in the next case before that court.  Well, we heard a toilet flush or water running and assumed drug evidence or terrorist were being flushed.

Then, it's not so far from there to the police have uninhibited right to arrest illegally and all the rest of that.  This would overturn over a century of decisions affirming the right to resist illegal arrest with up to and including deadly force.

May 17, 2010 1:23 PM

Dollar, yen, copper, oil saying carry trade unwind occurring on realization that all is not well.

Gold saying that sovereigns may start going kaput, along with major currencies.

Austerity will collapse the credit growth system as a matter of mathematics.  There won't be any growth in credit to pay even simple interest on the existing monetary base.  The entire monetary system worldwide is functioning in a state of effective default as we speak.

May 17, 2010 1:31 PM

I can repeat this ad nauseum:

without growth in credit there is NOTHING to pay even SIMPLE interest on the existing credit base!  The credit base IS the monetary base because the only way money exists is by being borrowed.

The monetary system worldwide is operating in an effective state of default.

May 17, 2010 1:38 PM

There isn't the oil supply to permit that to happen

May 17, 2010 1:39 PM

No, they don't.

They have very marginally economical activity in a global capacity glut.  Their factories compete against their own factories, tons of which are idle.

There isn't DEMAND for all the bullshit they could produce.  Much of their later-stage activity was only synthetically economical as a matter of gov't subsidy.  It cannot stand on its own two feet.

May 17, 2010 1:42 PM

For the life of me I don't know how people here can still fail to GET peak oil...I just don't.

It's really this simple.  China is not going to be fine, they're a bubble and a classic case of malinvestment and even if they WEREN'T there CAN NOT EXIST the oil supply sufficient to support their rise to per capita consumption equal to that in the West.

May 17, 2010 10:50 AM

All it is is the BOE stocking up on "reserve currency" in order to defend itself.  In the paper world, the UST is pseudogold.

May 17, 2010 2:50 PM

Thanks for noticing.

For China and India to reach the US's per capita consumption would require something like 20 Ghawars.  It's just not possible, not even remotely close to possible.

I look down the list at the peaks of gold, helium, oil...helium is utterly critical for superconducting, imaging, semiconductors, a whole host of bleeding edge scientific stuff, nevermind would be the best coolant for PBMR applications.  Yet here you can still get it in fking kids' balloons...<boggle>.  We're wasting the hell out of critical resources and nobody says anything.  Nobody knows helium peaked except deepwater divers.  It just came and went.

There's no replacement for it either...the stuff comes from U238 alpha decay.  We can't "substitute" for it either like we could with oil for some other energy.  Yet we squander it...sad.

If there's oil on Mars it will necessarily be of lower EROI than oil on earth.  In fact, it will likely be highly EROI negative.

I subscribe to the abiotic theory but it doesn't matter.  Where oil comes from is irrelevant to the maximum supply rate we can pump it out of the ground.

Given that growth has peaked, credit has peaked and this means that our entire worldwide monetary system is presently in effective default.  There isn't the credit growth to pay even simple interest on the existing base.  Time for a significant epoch, methinks...

May 17, 2010 4:38 PM

You're entitled to your opinion irrespective of how absurd it is.

Overcapacity means that there is more supply than there is demand.

Drives down the price of goods??  You mean operates at a LOSS????

You're out of your mind with respect to their currency peg, totally so.  The deflation would crush their levered economy.

May 17, 2010 4:41 PM

no, I most certainly do the fuck not seem confused.

I very clearly said EVEN IF.  That suggests I intended to place a conditional presumption in my statement.

May 17, 2010 4:43 PM

Consumption growth per capita is the DEFINITION of "getting wealthier"

The west could vanish off the face of the earth and there still ain't enough oil supply for Chindia.

If consumption per capita in the west declines, purchases of Chinese shit declines.  Do you get that?

And yes, Kw+vc can never be higher than the oil peak insofar as oil is the energy exeter foundation.  I also assume you should STFU.

May 17, 2010 4:47 PM

WTF crack are you smoking, the same kind the british shoved up their ass?

They haven't been a superpower basically EVER.  They were a major nation, sure, but a superpower?

Their navy did what?

Let's see here, we use the Roman alphabet and arabic numbers.  Chinaman uses QWERTY

May 17, 2010 4:50 PM

Surely.  They sailed to Africa, came back home and scuttled the fleet lol.

Europe was for the taking at that time.  Trade would have been huge for them.  Only once the British, Portuguese, and Dutch really went over THERE did trade begin.

The Chinese were more interested in their obsolete 2nd generation alphabet and building gigantic walls than anything else.  Even today, superstition and mystical crap abounds

May 17, 2010 4:50 PM

And just exactly how the fuck are we going to get it here?!?!

May 17, 2010 8:38 AM

Take losses > 5%??  Don't hold FRNs.

There is no petrodollar hailmary to save the FRN this time.  Gold at this point is not an investment, it is an attempt to translate paper into physical assets.  Anybody looking to "get rich" as opposed to conservatively preserve wealth with PMs at this point is a fool.

May 17, 2011 1:01 PM

yes, yes, and this paranoia led you to accuse various people as psyops who are so far from it that the mere mention is laughable

May 17, 2011 1:02 PM

yes...pour in lead and tin if the corium temperature is below the melting point of sand, otherwise pour in all 3 plus some boron.

Crack open the cores and get them flowing into the pipes.

THEN you can entomb.

May 17, 2011 1:10 PM

yes but in what concentrations?

The page you referenced said I need to eat 8 thousand kilograms of strawberries to equal a dose equivalent to one roundtrip between SFO and IAD.

IOW, cut the fuckin paranoia

May 17, 2011 1:18 PM

we had that price for about a minute.

Remember what I just told you- the entirety of nonconventionals production, millions of barrels, is SHUT IN at that price.

Meaning that they cannot pay THEIR coupon with the revenue.  It's operating below cost.

That decline in production forced the price back up rather rapidly.

Do you really think all that deepwater production has a per bbl cost of $15 either?

May 17, 2011 1:20 PM

yeah but they can't exactly liquidate those accounts, now can they?

Borrow against them and hand them over to bankers, probably

May 17, 2011 10:05 AM

huh?  Don't lecture me on left/right, ok?

I'm pointing out what certain Justices on the court typically rule.

The justices on the right like Scalia can find no limit to the police power of the State.  The 4th Amendment is an inconvenience and anachronism to them.  Stop and frisk, stop and sniff, stop and scan- they think it's ALL ok.

The justices on the left have their own amendments that they chisel at. 

May 17, 2011 10:08 AM

idiot...shouting does not establish probable cause.

May 17, 2011 10:11 AM

do not oppose, but ENCOURAGE the cut of police force budgets.

May 17, 2011 10:16 AM

it has to be overturned unless they are going to reverse a lot of longstanding jurisprudence on the matter.

The "home" under 4th Amendment jurisprudence, at least when I was in ConLaw, is virtually sacrosanct.  You even have an expectation of privacy there. 

However, this is a hairsplitting matter; this does not establish the cops' right to enter your home, it merely disestablishes your right to resist.

Your case cites are not on point, counselor.  At bar is the question of whether a citizen subject has the right to resist unlawful entry, not the entry on its merits.

In the present case, it appears that petitioner has civil remedies at the same time as being guilty of a crime LOL.

May 17, 2011 10:18 AM

I'm not sure how Ginsburg can be so right on this issue and so delusionally wrong on so many others.  It's the paradox of the Court.  Each justice is a veritable CHAMPION for a certain right yet the anathema of others.

May 17, 2011 10:51 AM

Castle Doctrine would not apply to the police under this ruling.

This ruling establishes that you, the citizen subject, have NO right to resist even unlawful entry by police officers.

Your only recourse will be the civil courts or court of public opinion.  If those do not avail you, then you have no recourse.  The cops can come over any time they want.

May 17, 2011 11:05 AM

listen, clueless people like you need to STFU about the law.

At NO POINT in this case did the police argue that the entry was legal or justified by exigent circumstances.  They stipulated that they had no probable cause.

The central question was whether the petitioner had the right to resist the ILLEGAL entry.  The Court decided that he did not.

May 17, 2011 11:08 AM

typical japanese response, apologize for inconvenience and anxiety...NOT actual harm

May 17, 2011 11:16 PM

they ALREADY comply with those orders.

Who cares what your FRIENDS say, listen to what people in the military say about others in the military.

Most will obey the orders...jfc, they already drone strike civilians, children, they mow them down all the time.  WTF is the difference; you are just another enemy.

May 17, 2011 11:16 PM

"many"????  What about the rest of them?  They WILL comply.  And they are the majority.  You are just another enemy.

you will be an insurgent, a terrorist.  Look at what the fuck the military has done at EVERY turn.  Martial law in New Orleans, house to house seizing weapons.  NORTHCOM prep for violation of posse comitatus.

You're crazy if you think the airforce won't missile you- they do it every day from drones, kill children, civilians, whoever.  They "service targets" and you and your ranch are just an abstraction.  Go pull a Randy Weaver and see how you fare.

May 17, 2011 11:17 AM

this is a total WTF for anyone thinking they're investing in a "mutual fund"

May 17, 2011 11:19 PM

bullshit.  the people in the cities will view you as insane and a threat to "order."

JFC, did the Iron Curtain never exist or something?

May 17, 2011 11:22 AM

Hey I'm in the mood to lose a lot of money today, got any suggestions for me?  I hear you're the king of hot moneylosing tips

May 17, 2011 11:26 PM

the unprepared masses ROTFL...the zombie hordes.

You freakin delusional moron.

You should watch Dr. Zhivago; you really should.  I recommend that one to all idiots with bugout ranches. 

You should also review Ukraine in the 20s.  Think about how remote they were in the early 20th century.

Nothing you say is even accurate or well-thought out.  Stick to "curing cancer," cliff.

Nuke plants can be shut down...ROTFL.  When "TSHTF" and the starving masses start rampaging, sure, yeah, cliff, they'll be shut down.  After they blow sky high and contaminate your ranch.  But no worries, you'll have cured cancer by then, right?

HAHAHAHAHAHAHAHAHAHAHAHAHAHA

May 17, 2011 11:28 PM

No, dipshit, they're going to kill YOUR mother, YOUR father, YOUR uncles, YOUR brothers, YOUR sisters, and YOUR friends.

Do you GET IT yet?

You idiots assume the shit is going to hit the fan but there won't be ANY consequences.  You're just going to live on your little ranches and shit with your chickens...HAHAHAHAHAHAHA.  This is the DUMBEST idea ever.

Ferfal is down there in a collapsed society saying people like you are idiots.  Bunch of misanthropic loner losers with buried canned ham.

May 17, 2011 11:58 PM

not religion; ethnicity.  Most of these people do not go to synagogue nor follow any of the tenets

May 17, 2011 11:59 AM

yeah, bizarre the action is.

The old lady MLPs have been getting beaten lately.  Suggests a rise in LT yields

May 17, 2011 12:01 PM

If he's short the treasury, his customers are in for a rude shock.  TLT is grinding mercilessly toward 100.

May 17, 2011 12:15 PM

$15 crude?  Not a chance in hell.

At that price, the entirety of nonconventionals is shut in by a minimum of $20+.

You would see a production COLLAPSE in the event of that oil price.

Remember this...major oil production goes OFFLINE when the price crosses below $40.

The finite headroom scarcity of oil is what is FORCING our global economy to deflate.

When I had arguments about what the oil peak meant, I always responded "sustained global recession."  This is what deflation is.

As far as the "price" of shit...wtf good is that going to be if the fuckin debt currency can't buy you anything? 

The bond is ONLY a safe haven so long as the government can make the coupon.  That prerequisite requires a condition precedent- that someone can PRINT the money to buy it, because there simply isn't enough real productive revenue to pay.

People don't really understand what this type of catastrophic deflation MEANS.  Do you really believe, deflationists, that if Sep 08 had gone unchecked, meaning a global run on the financial system, everyone trying to cash out at once, that "money" would have been worth anything?  A collapse of the banking system means that cash doesn't have much value either.

If the government declares force majeur because it cannot pay ITS bills due to the financial system going kaput due to deflative cascading insolvency, WTF does anyone think the FRN is worth?

The notes of a bankrupt state do NOT become more worthful (or even precious) during collapse.

May 17, 2011 12:17 PM

Do all of these things and the production growth since 2000 halves.

As real production declines, we cannot even maintain our current rate of consumption.

May 17, 2011 12:25 PM

the financial system is in a constant state of insolvency.

X+iX dollars are owed but only X dollars exist.

Therefore, it is possible for dollars to become scarce as the compounding iX begins to rival X in size.

However, in such a case, the Fed will print.  The alternative is that the system goes kaput.  In such a situation, yields will rise for all actors who cannot reliably conjure money, as demand for credit goes vertical.  However, all this does is place more stress on the system.

Anyone with a cash need has to come up with a higher repayment in a system of credit scarcity.  This is what that whole "LIBOR" thing was about in 08.  The treasury yield was 0, because everyone knew the Fed had the USG's back.  The LIBOR went apeshit and eventually was useless because nobody would lend at LIBOR anyhow.

Interbank credit ceased being available at any price...yields went to effectively infinity.  Institutions hoarded eDollars because they had to make their own coupons and could not afford to borrow at the prevailing yield from other institutions.  The central banks had to step in with discount windows and other programs to lend to them.

Those with some FRNs in the mattress thinking they will be gods are fools...nobody is going to borrow from you at 1,000,000%.  If they face insolvency or else insolvency, the choice is already made.

At this point now in '11, we face a sovereign now dependent upon the Fed to make the bond auctions work.  If the Fed doesn't, yields cannot do anything but rise.  Deflation means cash will become more scarce.  An idle Fed means that even the government needs to start competing for it.

At such time as a UST auction fails due to no QE3 or whatever, the dollar collapses rapidly.  PERIOD.  GovYields would go vertical just as they did for all the other institutions who in '08 were also up against needing to make a coupon with inadequate cash onhand to do it.

May 17, 2011 3:10 PM

LOL...you're curing cancer TOO?

WTF for, when it's all going up in smoke and you are burying your silver?

How did casting miss you for the Cliff Claven role?  You're a dead ringer

May 17, 2011 3:31 PM

ROTFL...and you are SO BUSY curing cancer that you could find and respond to my post in like 5 minutes!

HAHAHAHAHAHAHAHAHAHAHA.

And, no, I was not born at Jesus's feet.

May 17, 2011 3:32 PM

of course you didn't call for a swift move down.

You called for 60 by "next week" and 49 by the end of two weeks ago.

Every call you make is fucking bullshit.

And now it turns out you're curing cancer and then in the next sentence, ALL diseases EXCEPT cancer.

ROTFL.  I'm sure you deliver the mail too, eh, Cliff?

May 17, 2011 3:32 PM

are you an idiot?

I think I already know the answer.

May 17, 2011 3:36 PM

MORON...of course you can.

You short SLV, take the cash and buy silver.

There is no shortage and premiums are slim.  I heard 3630 for a 100oz bar at a dealer just saturday.

May 17, 2011 5:03 PM

jeez...the wife wired $1M cash within basically hours.

How nice it must be to have $1M laying the fuck around.

May 17, 2011 5:18 PM

only if that roof is in a country that isn't bankrupt and doesn't have a police/security apparatus that can and will find you no matter where you are.

A lot of the bugout ranchers seem not to get a couple of things; the first is that they are WELL within irretrievable contamination distance of a NPP if "TSHTF" and the white guys stop going to work for a week.

The second is that the .gov knows exactly where you are and can destroy you and everything you own with one cheapass MQ9.  These things can loiter for a lot longer than you can.

The USAF, CBP, DHS, and everythefuckbody has these planes now, hundreds of them.  They will find you.  They cannot be reasoned with.  They cannot be bargained with. They don't feel fear or pity or remorse.

May 17, 2011 6:28 PM

well we need to get rid of this debt money system.

Just print the fuckin money so we know what we are dealing with.  For centuries, people stockpiled assets and production as insulation against this monetary machination bullshit.

But since the FDR seizure, people have been railroaded into paper that is controlled by others.  This is a precarious situation.  Hand it over to a computer like Friedman said.

May 17, 2011 6:35 PM

what they cannot seize with the local police they will take by force with the military.

You idiots with your farms thinking you're safe and you've hardened things and TS will HTF and you'll just bugout to your ranches are morons.

If you put up any resistance to the "property of the Party" sign, they will overfly you with a drone and hellfire your ass.

Future archeologists will assume that the colocation of so many shallow deposits of trivial amounts of silver bars with fossilized hams with a metal plaque marked AGM-114 must have been some kind of insane cult of some sort.  They'll be accidentally right.

What was it that caught your ire, cliff?  The fact that if white people don't show up to work, your farm will be radioactive in short order?

May 17, 2011 8:42 AM

they've also had a diversity mandate on those hires

May 17, 2011 9:44 AM

lol...poor blacks.

The speeding and red light cameras iz rayciss too.

Maybe if they didn't have a pathological disenfranchisement and victim complex, they wouldn't feel the need to mouth off to the po po after doing 130.

DWB is a myth.

May 17, 2011 9:53 AM

it wasn't "their" land.

May 18, 2010 10:52 PM

Lord knows it SURE worked that way in every other country where the shit hit the fuckin fan.

Do you idiots ever read any history at all?

If the shit really hits the fan, none of anything you own will be worth shit and you will die very promptly...fkin zombie apocalypse

May 18, 2010 10:59 PM

I've got a piece of advice for you zombie apocalypse madmaxers.  Move to mexico, like Juarez.

See if you live a WEEK with your guns and ammo "defending" your property.  I mean put yourself into a situation where you actually HAVE to defend it, like start selling drugs or something.  If you last a week, I'll give you every dollar I have.

Anybody thinking they have a snowflake's chance in HELL of defending any land against the types of maniacs out there who are in NUMBERS is a goddamned loon far nuttier than the dopeyest of goldbugs.

I mean, damn, son...do you pay any attention to the favelas in Brazil, to Mexico, to Argentina, to Afghanistan?  Do you have any clue what even 3 or 4 disgruntled ex marines would do to you and your family?

Gold is so you can GTFO and go to a functioning society somewhere else.  Argentina is already collapsed - gold still has value there.  You could move to any of a DOZEN collapsed societies TODAY and trade gold for things of value.  If the shit hits the fan and the zombie apocalypse unfolds, nothing, repeat NOTHING you own will matter.  All your guns won't stop cholera or a basic infection or a dust bowl or a flood or the business end of an Apache's main gun deciding you're an enemy of "the party."

May 18, 2010 11:08 PM

Gosh, someone gets it.

I know another "compound" guy who talks about collapse coming and how he has his little hydroponics thing and chickens and all that.

I tell EVERYONE, and I will say this to everybody here - WATCH DR ZHIVAGO.

This was the story of a doctor who had his town house seized by the Party and had a sign affixed to his country home's door: "Property of the Party, do not enter, penalty death."  His OWN HOUSE.  This was what happened after the Revolution.  They forced Zhivago to work for the Army, grabbed his ass right off the road.  A nice story, great movie, a classic - and that sort of stuff routinely happened even as far back as 1918.

The government can seize everything you have that it can find; it's really as simple as that.  You CANNOT, repeat CANNOT defend your land unless YOU are willing to become a savage just like the warring tribes in Peshawar, who will kill and die and chop off children's heads in order to win.  Is that you?

Ask yourself that - do you have a fucking chance in hell against the type of societal dysfunction you're predicting?  Are you the type of person who could slaughter a family?  I mean there are legions of people who are, right across the border.  Happens every week in Mexico, some policeman's head sawn off and his body found somewhere else.  Whole families gunned down to prove a point, babies shot pointblank.  Is that you?

These are the type of people you'd be defending yourself against.  Nevermind our OWN armed services, some of whom got their rocks off opening fire with automatic weapons onto streets filled with civilians.  Was I the ONLY one who watched the video when ZH showed that Apache sending 20mm CANNON fire into a crowd of soft targets??!?!  I mean, last I heard you weren't supposed to use .50 cal on people but here they are lighting up a group of what turned out to be cameramen with a 20mm gun!  Do you think they won't kill YOU and everyone near you if it suits them?

Anyone planning to stand their ground like The Postman is a FOOL.  Mobility in an apocalypse is your best asset, along with luck.

May 18, 2010 11:15 PM

40,000 rounds?!?  WTF...this is insane.

You'll get through 4 of them before the zombies get you

May 18, 2010 11:29 PM

How are we to drive credit growth without the synthetic debt possibilities that CDSs bring?

May 18, 2010 2:40 PM

I've come to a similar conclusion.

Synthetic everything until all confidence is lost...straight into a wall, full speed.

Perhaps the point is to crash the gold "price" by making the futures market dislocate.  There's a ton of synthetic oil out there too, paper gold, paper oil, paper paper.

The way I figured it also, was thinking about your GOFO post the other night, shorting gold naked and then borrowing from the Fed at discount or through a facility to cover it is one way to grow credit even in the face of deleveraging.  It would be highly desperate.

Years ago I said on another forum that it all comes apart when the Fed loses control of the POG

May 18, 2010 5:10 PM

Huh?

Of course you can.

Housing was heavily levered, gold was not.

 

May 18, 2011 1:06 PM

this is actually his best defense...claim he was trying to Spitzer and it was just a horrible mistake.  Hire some escort person who will get the 5th to back him up.  Spread some dollars around, take care of the maid and he's off with a sorry Sir.

The victim can refuse to cooperate if there are enough dollars on the table and consent can be manufactured retroactively.  He probably walks like the other big fish but his career is on hiatus.

May 18, 2011 1:09 PM

WHY DO YOU KEEP ASKING THE SAME QUESTION THAT HAS ALREADY BEEN ANSWERED????

May 18, 2011 10:09 AM

can't pay my tax bill in gold...well then I'll just have to not incur any taxes

May 18, 2011 10:16 AM

mad props...that is cool

May 18, 2011 10:46 AM

YES YOU WOULD, if you wanted to meet your DIVERSITY mandate.

DSK's ethnicity seems to have an affinity for the victim's.  Seen/heard similar stories in the past.

May 18, 2011 10:48 AM

this is due to blood.  DSK would have been circumcised.  Low risk for him.

For the catcher, the odds go way up.

May 18, 2011 10:51 AM

yep.  Or else Sofitel gets sued for discrimination and has to pay out millions in class action lawsuits.

You people really don't know how shit works, do you?  You don't understand diversity and how everything bows down to it.  YES, a company will shit on its quality, its customer service, its basic competence for diversity.

Irony is that people like DSK are behind this movement.

May 18, 2011 10:56 AM

she is a member of the ethnicity that DSK's ethnicity seems to find irresistable. 

May 18, 2011 11:05 PM

who is going to cover the federal deficit if the Fed isn't buying?

May 18, 2011 11:12 PM

um...you need to poke around a little bit on the fascination DSK's ethnicity has with the maid's ethnicity.  Start with "NAACP"

May 18, 2011 11:39 PM

They can only hold off on QE while the government can eat pension funds. 

There is NOBODY to buy the auctions.  WTF is gonna happen to the dollar if auctions start failing?

Do you folks not notice that people in the EU are actually discriminating between various euros depending upon which country printed them?  Why would a massively deflating Greek economy suffering under crushing interest rates sucking all the creditmoney out of their system expect to have a currency worth anything?

In every case when auctions fail and interest rates spike, the forex is not kind at all.

May 18, 2011 11:40 PM

maybe they should start acting white and get educations and obey the law

May 18, 2011 11:42 PM

are the interest rates on their bonds high or low?

When bonds sell off, the currency does with it.

If our auctions start failing, this is what awaits us.

May 18, 2011 11:42 PM

these people are lost; there is nothing that can be done.

The Fed and Gov have no choice but to try to keep the upper middle and lower upper classes "invested" in the status quo and they are accomplishing that by levitating the stock market.

If the trade classes are lost, the government will fall.  This is always the way it is.

May 18, 2011 11:44 PM

a shitty degree from a good school guarantees nothing anymore.

People need to wake up to that.

The ENTIRE black middle class was created by racist government setasides and hiring and promotion policies.

May 18, 2011 12:07 AM

I take it as nonsense.

Local dealer was selling 100oz bars for 3630 on saturday

May 18, 2011 12:10 PM

sure thing, puppydog.

The other guy asked the question, I answered.  Despite that Sofitel probably contracts out maid services, even if they do not and you might imagine that the housekeeping for the DSK $3k/night suite would be "senior" personnel looking for a better tip rate, even STILL there are requirements that push people into roles that you would not expect them in.

The notion that this was a setup because she was black is wrong for a variety of reasons.  HE made it about race, you fuckin dipshit.

May 18, 2011 12:57 PM

he's on my side everytime he's right

May 18, 2011 4:15 PM

a lot of people who missed out shorting in 08 and want to make money off of that or else missed out on the 09-11 runup and are jealous.

The Fed has a print button in everyone's office now, lots of swaps and other mechanisms by which they will introduce credit or currency if the system locks up.  The CBs ARE the interbank lending market now.  If they actually back out, their own paper will implode.

Because the money supply is debt and need be repaid, ALL dollars in existence (save a few based on gold) will be vaporized, still leaving a massive interest repayment on the former money supply which cannot be paid.

In the absence of FRNs, some other form of money or transactional currency will manifest itself.  We already have seen this in the form of barter coupons and scrip in various communities.  Precious FRNs *lose* their ability to serve as money.  In such a situation, FRNs only have worth to stave off insolvency and takeover by bankers.

May 18, 2011 4:25 PM

LOL

where do you think the money comes from to pay you your freaking interest on your savings?

May 18, 2011 4:26 PM

it is pretty clear that if they do not buy the auctions, the auctions will fail.  This is inarguable.

Therefore anyone who claims QE3 won't exist or that QE is ending is a fool.  It cannot end.  The Fed MUST buy the UST auctions or else the auctions will fail.

Perhaps the USG will just eat through every receipt of pension funds and everything else...it still will not be enough.

May 18, 2011 4:39 PM

the economy's aggregate rate of return is now basically 0.  It cannot support higher rates.  There's no economic activity that can pay that coupon.

This is what debt saturation looks like or exhaustion.  Look where the ZIRP went...was it to build shit?  Invest?  Or did it just end up speculating.

The entire debtmoney edifice wants to come apart.

May 19, 2010 10:08 AM

Who cares?

Unbacked debtfiat in a contractionary world is like arbing the number of angels on 2 pinheads.

May 19, 2010 10:19 AM

ok...you guys simply HAVE to understand the personality types of politicians that we elect.

They are ALL narcissists in POPULARITY contests.  It is psychologically IMPOSSIBLE for them to do ANYTHING which might cause them to be disliked.  They feed on adulation and applause.

Expecting them to do anything hard or which might make them unpopular or subject to criticism is foolish.  They cannot STAND criticism.

On the flipside, the people CANNOT handle truth anymore.  Tell someone the unvarnished truth - they actually in some cases get violent.  All they want and are ENTITLED to is to have whatever makes them happy RIGHT NOW at this moment.  Anyone who stands in the way of that MUST be expelled.

Anyone who works in business...when management floats yet another insane scheme, just see how they react if you bring up the possibility of failure and a mitigation strategy.  They become apoplectic.

Gosh, watch Star Wars Phantom Menace to see just how bad echo chamber jihad against dissenters can fuck something up.

May 19, 2010 10:27 AM

People who would be surprised at the 26,000,000 scalar figure simply do not adequately grasp exponential growth curves.

Using an 8% compounding rate, in 9 years, 52M, 9 years hence, Dow 104,000,000 and on to infinity.

May 19, 2010 10:33 AM

I concur, man...100%

This price action makes no fucking sense anywhere.

We've got vol off the chains, the markets plunging, gold now plunging too, major price dislocations in oil.

Why the fuck put the trillion in and do the FX swap thing only to let it all come apart?

I am waiting here for the inevitable Fed sticksave and it's taking everything I can muster not to pull the "short" trigger on heavy industrials like CAT.  What the charts are telling me, in copper, oil, coal MLPs, and a lot of other shit, is that 1) we are seeing massive carry trade unwind=short the hell out of BRICs, 2) real yields are rising except in core treasuries, 3) short most everything else too.

Are the charts really auguring austerity?  We're really going to try to pay the banks and crooks at the top who own the gov't bonds their money back in real production plus interest?

May 19, 2010 10:38 AM

All of this shit over a fucking INSIGNIFICANT nation like Greece?

Fucking EXPEL THEM.

GFD Euro idiots, they only brought these effing shithole nonproducer nations in IN ORDER to rack up debt and consume the exports of the core nations.  Just like Britain made Ireland and Iceland into ponzis, this is the fuckin South Seas Bubble all over again.

May 19, 2010 11:42 PM

track bike is at least lower-maintenance, tho I've seen couriers now on freewheel versions of same

May 19, 2010 8:22 PM

What the fuck would the point of cash be in such an apocalypse, Eeyore??

You zombie apocalyptics make me laugh; you are nuttier than the most ardent goldbugs.

By the way, ZERO GROWTH does not equal PRODUCTION COLLAPSE.

YOU are the problem, because YOU cannot see past fuckin paper and credit!  The world does NOT need to freaking END because of line items on an accounting ledger.  We still have 80+mbpd of oil, the lights will come on, the sun will still come up.  GFD, life goes on, even in Argentina during a collapse, even in Zimbabwe, even in Beirut during the civil war.

Christ almighty all this Douchingerian fretting over the end of goddamned PAPER and ponzis.

May 19, 2010 8:41 PM

Look, why is it that anyone who says buy gold is a freakin SPEC expecting to get his "cash out" at the "top"?!?!

I mean, half the people are expecting to buy chickens with this stuff or trade it for something else or walk somewhere it can be exchanged for more stable local paper.

Yet, OMG we're gonna have a BUBBLE in gold...at $1200 an oz, far out of the price range of all but the rich.

Look, the rich already bought all the gold while everyone was sleeping.  Gold supply has declined since 2000, its peak year.  You're not seeing a bull market, you're seeing declining supply dynamics and nothing else.

If gold pulls another 1979, there won't be a dollar left to cash into.

To all the people who hate gold, wtf is your option?  Stocks?  FRNs?  What is the better option?

It's like people cling to their FRNs and the notion that the USA will stay the Empire and if that fails, well there's no backup plan.  So they claim it'll be madmax.  There's no in between.  A bunch of people beholden to paper.

May 19, 2010 8:43 PM

Paper prices are irrelevant.
Most here are not buying gold for a "trade," pardner, but TO trade.  For stuff like cows.

If the DOW goes to the basement and all things start getting liquidated, the dollar's lifespan will be measured in days, then hours.  Your "trading account" might hit 7 or 8 figures before the government does a brute force FDR and reduces it to 5 digits while oil gains another 2.

May 19, 2010 8:47 PM

You won't get the other 50 in the deflation...if 2008 comes back, that is.

It'll all be gone.

Don't bend down to pick up wallets when the nightclub is on fire.

If there are wholesale liquidations of physical, there will be PLENTY of those with cash looking to get out before the dollar does a supernova.

Why in hell would anyone liquidate physical anyhow?  You can walk from your stupid paper debts.

I, to the life of me, do not even comprehend how you people can conceive of GOLD as either an investment or a "trade."  This speculator mindset is what's wrong with this country.  Everyone trying to make a quick buck doing jackshit productive.

May 19, 2010 9:02 PM

This is all so much horseshit.

O M G they won't let us have our precious fucking CDSs on sovereign bonds so we can fucking "HEDGE" our exposure.

Hey, listen, how about FUCK YOU?  The world ran JUST FINE without all these goddamned FAKE PAPER products worth SHIT.

What is happening right now is a WAR is breaking out between the BOE/Fed axis of paper bullshit economics and the Germans.  Oh, what, you won't play ponzi devaluation ball, well then we will "capital flight" your ass. 

You let us carve you up or else we crash your economy by pulling all our "money," which is just more fucking paper.

Same crap...the BOE used the Sterling Bill for 200 years now we are using the dollar for the same purposes.  The reserve currency gives us the privilege to crash entire nations and economies just as the BOE's cronies did all throughout the 1800s.  Eventually, the world must repudiate the yoke of the dollar.

May 19, 2011 11:35 PM

if you think WTC1 and 2 were "controlled" demolitions, then you are an idiot

May 19, 2011 11:42 PM

WTC2 DID NOT FUCKING COLLAPSE SYMMETRICALLY.

Anyone who claims it did is an IDIOT

May 19, 2011 11:43 PM

not even REMOTELY close to correct!

Will you moonbats just STFU?

May 19, 2011 11:48 AM

yes, let's let the Chinese institutionalize pro-China mercantilism and IP theft

May 19, 2011 3:05 PM

yes...4 year old news.

Clone of the Mirage 5.  Garbage plane.

Will make more targets for India's superb Su30MKI to blow out of the skies.

Siding with Pukistan against India was among the worst strategic blunders ever.

May 19, 2011 3:47 PM

wtf?

May 19, 2011 3:48 PM

oil deals LOL.

How they gonna get the oil from Africa to China?

May 19, 2011 3:57 PM

will he be raping women on that webcam?  Because there are a lot of people into watching that sort of thing...IMF needs funds

May 19, 2011 4:08 PM

yeah private pensions/01ks are a further stretch and if so, the government falls shortly thereafter because of the demographic who would lose.

You're talking about your managers, your engineers, lawyers, doctors, etc.  All the professional classes that make up the revolutions.

Then there is the matter of how could the government sell the assets from the 401s.

May 19, 2011 4:29 PM

that can't be Tokyo...tmosely-claven told me that everybody would be dead or evacuated from there by April 2, tops.

Also, what units is his display measuring in?  if that is uSv/hr, it is about average.  if mSv/hr, then around 700-1000x average.  Average worldwide is .2 uSv/hr.  Highest place people live (and are actually healthy too) is 400x that.

May 19, 2011 4:32 PM

they'll keep doing this until there are consequences.

May 19, 2011 4:55 PM

This is the stupidest fucking article I have ever read.

you don't like their products, DON'T USE THEM.

May 19, 2011 5:01 PM

there are pills you can take for that

May 19, 2011 5:07 PM

his wife wired it days ago.  Like day one, she just sent it over for him.

May 2, 2010 10:48 AM

Oil is in supply decline.  The reason people are storing it is for when consumption exceeds production again.

There are potential supply disruptions as the production on the margin is in increasingly violent and volatile regions.  Too much reliance on Nigeria, Mexico, W Africa in general...by necessity.

May 2, 2010 11:57 PM

More debt is ALWAYS the answer.

Just grow your way out of it.

See how debt is a growth mandate?

The world isn't going to cooperate in the aggregate this time around, sadly.  Gonna be some frown faces from the debt merchants when they wake up to a world where their product is unsaleable.

May 2, 2010 2:08 PM

We'll probably find out that the intelligence services "helped" whoever it was or overrode visa denials and then lost track of the guy.

Most of the terrorism busts in the past few years were instigated our aided by our "intelligence" services.  The truth is that these people aren't smart enough to pull off sinister false flags; you guys watch way too much television.  The intelligence services are filled with government employees who get ahead by kissing ass.  Never impute conspiracy or brains to something explicable by sheer incompetence.

In the case of Underwear Bomber, think about this angle:  it wasn't a false flag.  They just hoped to follow the guy to more targets and make a bigger bust to enhance their own careers.  Then, it turns out, he was closer to acting than they thought...oops.  Never overlook greed and stupidity and the government "corporate" culture.

May 2, 2010 9:40 PM

Lack of regulation would permit polluters to make cost/benefit analyses on deaths versus profits.

I am not ideologically opposed to regulation; regulation is what societies do.  They're called laws.

The Glass-Steagal regulatory regime seemed to serve us well by PREVENTING the use of ordinary bank deposits as leverage capital.  What is wrong with this type of regulation?

May 2, 2010 9:47 PM

This is just horseshit.  Really, it is.

Deregulation means a free-for-all. 

You seem to misunderstand that regulation is not coextensive with "gov't sponsored monopoly."  Also that regulations are powerless without regulators who actually regulate.

We have laws.  So, if the police are corrupt, what, we should do away with all laws and let the "marketplace" sort it out?!?  This is the most absurd premise I've ever encountered.

May 2, 2010 9:52 PM

I'm not surprised at all.  My first experience with this was when I went to FCC HQ to file a rate tariff for a long distance reseller.  I went to the office that the tariff should be filed in and there were people in there.  I stood there as the affirmative action hires ignored me.  Eventually, I said excuse me, I need to file this tariff.  "Oh, we don't work here."

Basically my reponse was well then what the fuck are you doing in THIS office instead of your own?  They were all hanging out and bullshitting with each other.

This is why I have IMMENSE difficulty accepting the credibility of the grand conspiracy theories.  The government is LOADED with incompetent slackers at all levels.  They have hiring quotas to demonstrate diversity as well as promotions quotas to meet to continue to show it in all levels of the organization.  One of these AA hires can infest and then destroy an entire branch just like how Flight 11 took out support columns, transferring the load to other members.  Eventually, the structure collapses.

I have been a contractor on tons of gov't projects.  The reason for this is because the government is a JOBS PROGRAM for AA hires, exmils, the connected, and those who couldn't cut it in the private sector, consequently, they have absolutely NO competency to DO anything.  They must outsource ALL capability-related work.

May 2, 2011 1:25 PM

it's one currency zone, however

May 2, 2011 1:28 PM

isn't enough oil supply for them to do that

May 2, 2011 1:38 PM

this wasn't a SeAL operation...the military guys say that this type of door-kicking raid is the purview of Delta

May 2, 2011 1:44 PM

yeah it's piss poor...all this "Navy SEAL" shit like out of the movies.

This isn't the SEALs' mission profile at all.  They were about a thousand miles from water.  Delta guys are who do this crap.  And the CIA has its own specops crew as well.

May 2, 2011 1:52 PM

People were just jealous because Busch PWNED them with that move

May 2, 2011 1:59 PM

Sprott is takin bugz to the cleaners, bitchez

May 2, 2011 12:00 AM

you love the brown people so much, move to africa and live in a hut

May 2, 2011 12:03 AM

he didn't SAY WTC7.

on WTC7, I agree...looked like an implosion.  WTC 1 and 2 were not

May 2, 2011 3:41 PM

where are the silver pimps today?  PMs getting crushed. 

May 2, 2011 3:48 PM

huh?  CBP would not be involved on a move OUT.  only foreign customs.

May 2, 2011 3:51 PM

where is tmosely-claven to tell everybody to buy buy buy buy with both hands?

All the technicals showed silver was grossly overbought.  The midday spike in gold, up 20 then back down 20 is a bizarre chart.  topping hammer or tombstone doji.  We'll see how the price action looks in the coming days.  But for now, SLV was utterly CRUSHED on 4x avg volume

May 2, 2011 4:01 PM

bullshit, you pimp...there's been physical to be had in all kinds of places during this entire runup.

You and one of the tylers just like to harp on ONE dealer or ONE source or the suspension of proof coins to try to make people suckers like you.

There were quite a few people pointing out how overextended silver was and you just encouraged everybody to buy buy buy buy no matter the price as the COMEX default was imminent along with the end of the world.

You are a fucking idiot. 

May 2, 2011 4:02 PM

don't be a dumbass- buy gold

May 2, 2011 4:04 PM

silver that you told everyone was "cheap" just shy of $50 is now crushed into the $43s.  You've cost a lot of idiots a lot of money or extra ounces.  There is no real shortage anywhere, and certainly not of bullshit out of your mouth or between your ears.

Basically you are a complete loser and a clown

May 2, 2011 4:10 PM

listen, you dumb FUCK...the people saying silver was overbought (INCLUDING ME) were RIGHT and YOU were WRONG.

You are like an idiot leading a band of fools.

Your advice is a can't-lose fade any day of the week.  I mean a 14-period RSI of 88 and you were screaming STRONG BUY???  Look at the price action, clear negative technical divergence.

Just STFU already.  Don't blame the trolls for your being a complete moron.

May 2, 2011 4:21 PM

good luck with that at FL350

May 2, 2011 4:32 PM

ROTFL...and by "dry powder," you mean brains, right?

By the way, we're like a month overdue for "everyone in Tokyo to be either dead or evacuated short of a Berlin airdrop."

NOTHING you ever say comes true or is even close to factually correct.

You are a complete idiot and a laughable fool.

May 2, 2011 5:00 PM

This is a troll, right?  LOL

my coin dealer had no shortage whatsoever.  Perhaps your dealer just sucks.

There's also no reason to be respectful to an idiot such as mosely-claven.

EVERY call he's made to buy buy buy buy at $44+ has been WRONG.  People could have WAITED for better prices.  But, nope, he just told everyone to bet the farm at 50.

The guy is an idiot...every price is a good price even when the indicators suggest ridiculously overbought conditions.

May 2, 2011 5:01 PM

250oz starts getting to the limit of what can be comfortably carried, what with all the AMMO and GUNS these people stockpile (they surely will want some of those too).

When you are counting your wealth in OUNCES, you need value density.

May 2, 2011 5:04 PM

not at all, cliff, I just tire of your shameless pimping.

Silver has been CLEARLY overextended for a while now, yet you shamelessly continued to tell people to stampede out and buy.

You were saying buy at 45, 46, 47, 48, 49...you were WRONG, got it?

Better prices have come for those who IGNORED YOU.  If you were HONEST and not a fucking idiot, you'd have said "guys, I know I've been really pro-silver for some time, but it's looking a little frothy to me, exercise caution here" at LEAST.

I mean, just like Cliff Claven you represent yourself as an expert, but you're not- you're an idiot.  Many of us were pointing out signs of silver having achieved some kind of topping behavior but you just called us all trolls and scammers and Agents of the Cartel and shit.

I am fully aware of silver's fundamentals but I have been advising caution since at least $45 or $46 at the latest.  Many advised lightening up.  You called them all rat bastards and advised doubling down.  You have cost a LOT of people a LOT of money or a LOT of ounces with your stupid advice.

But you don't CARE, do you?  There's no shame in you whatsoever.  You'll just keep on pretending it is some massive conspiracy to discredit you when you are discrediting yourself, dude.

May 2, 2011 5:09 PM

Do we really need to go pull up your buy buy buy buy posts when silver was at 47?  50 this week, 60 next week and shit?

Or should we get the dozens where you called anyone who advised caution at these levels a dipshit and a troll for JPM?

May 2, 2011 8:09 AM

Ponzi, bitchez

May 2, 2011 8:15 AM

The freakin Euro was CREATED with part of the treaty that they would NOT have bailouts and that if you were going to hitch the prudent nordic countries to the likes of the fuckin portuguese and greeks that the latter would be forced to exercise budget and fiscal restraint.

now it turns out that the wall street wizards merely executed swaps out the yin yang to get budgets under the cap for at most a few years and now all that shit is coming undone and the countries are bankrupt.

May 20, 2010 3:45 PM

You might be...but I can't know until I see the pics ;)

May 20, 2010 3:48 PM

Jews might want to look inward, and barring that, at the fingerprints all over the financial crisis, for reasons why they might not feel safe in the future.

May 20, 2010 3:48 PM

EU Austerity = short BRICs

May 20, 2011 1:05 PM

and unicorns!!

May 20, 2011 1:07 PM

China will totally poison the world.  They have proven for decades that they do not give a shit whatsoever about the environment.

If you think Japan's response was bad, wtf do you think China would do?

May 20, 2011 12:03 AM

are you fucking insane?

You THINK there were planes?

JFC, man, friends of mine I've known for 20 years WATCHED THIS SHIT HAPPEN in real time.  EVERYONE is in on the conspiracy?

WTF is wrong with you people?

May 20, 2011 12:25 PM

Greece's bonds should be "F" rated.  There is 0% chance they will be repaid full value.  WTF is this ongoing charade that we call bond ratings?

May 20, 2011 2:03 PM

the only question that matters is "are we going to see another housing bubble?"

That is what caused the inflection in the ratio in the 80s.

May 20, 2011 2:08 PM

not all problems but many.  The entire diversity movement has been an unmitigated disaster.

May 20, 2011 7:05 PM

you know ZH is just a conspiracy to get all of you people in one place, right?

May 20, 2011 7:13 PM

oil supply hadn't peaked until 2008.  2005 for C&C.  Things are different now and shit is not cyclical merely because it has been.

May 20, 2011 7:15 PM

that is what happened in Detroilet when the population destroyed the city's function.  People walked away.  There are tons of units there owing massive back taxes

May 21, 2010 1:03 PM

No.

The credit growth in Japan went into other nations via the carry trade.

That was the tailwind for BRIC growth.  ZIRP *cannot* make uneconomical activity economical.

CBs control money supply by cheapening debt.  In a growth climate, this causes debt growth because people can borrow at cheaper rates than their rate of return.

But you can *clearly* see a long-term secular decline in yields.  This is caused by the economicalness of the region getting tapped out.  When rates hit zero, the CB is trying to lend money for free.  But if there is nothing economical to DO with that money, it does not get put to the purpose of growth and industrial activity.  A lot goes into speculative bubbles.  Or it simply doesn't get borrowed.

When RoR is .1% and you borrow at 0%, you *must* use insane leverage to make that meager margin into something worthwhile.  This creates deleveraging risks because even a tiny movement against you creates a margin call.

This is easy math to do.

I submit that the secular decline in yields is a result of money chasing decreasingly economical activity in the aggregate.  Japan intended for ZIRP to stimulate Japan, but it could not because the loans were unprofitable even at 0%.  There is no other way around this conclusion.

It made more sense to take the yen loan, FX to BRL and invest there where there are MANY projects to get involved in.  This is what credit IS and how it has been used as a lever on growth over the centuries.

Debt-based monetary systems *cannot* function as a matter of MATH in a contractionary climate.  Every currency must be backed by production of some sort and we are now in an era of contraction after 1000 years of growth.  Therefore, currency outstanding *must* decline.  Insofar as our systems require it to be borrowed, *nobody* should be surprised that the macroeconomic contraction trends are driving a decrease in credit.

May 21, 2010 1:13 PM

Complete horseshit.

The Fed has plenary power to create 956 million billion quadrillion dollars tomorrow at the click of a mouse.

What people do not understand is that QE is *not* unsterilized printing.  It is lending to the government.

Buying DEBT instruments creates a compound interest parasitic drag.  But it still must be repaid according to the accounting ledger.

If the Fed buys $150T of USTs, they are owed $150T PLUS interest BY the USG.  To balance the ledger, the USG must eventually tax that level of production out of the economy.

This is the problem with QE.  It merely continues the credit game and makes a sudden unwind more vicious.

They will print.  You can bank on that.  The only way out of the deflation spiral math is printing.  Brute force, just like 1930s.  It won't affect the economy, but it will remove the deflatoinary effects of credit contraction and interest.

This is precisely WHY there is this jubilee concept in debt societies.  Eventually, the math of exponential compounding becomes inescapable.  The print will be our jubilee.

It cannot resurrect Cantarell, obviously.  Once the bacteria fill up the bottle, the bacteria CB cannot make the bottle larger to continue the growth rate.  That is headroom in a physical world.  By cheapening credit, they inspired the bacteria to grow faster.  But at some point, you reach saturation.  That is where we are.

All revolves around energy supply, which is the fundamental rate at which we can *do* things in the aggregate.  Work is still force x distance.

May 21, 2010 1:21 PM

Deflation at this point *cannot*, repeat CANNOT be stopped via interest rate regimes.

The energy supply rate has inflected.  Until this statement is no longer true, we simply CANNOT sustain the growth rate needed to keep the effects of interest compounding at bay.

If this "free market" deflation is allowed to run its course, the ENTIRE money supply, ALL OF IT, will vaporize.

That is a mathematical fact.  It's really as simple as this.

You have one bank and one borrower.  Borrower borrows $100 from banker for one year at 5%.  The only way money can come into existence is by borrowing.

Borrower owes $105 at EOY.  But there is only $100 of money in the system.  The creditdollar was in functional default the minute it was created, but it didn't matter because there was growth then.  Another borrower would come along and borrow the $5 that the first guy needed to repay his loan.

But when everybody starts paying back, i.e., deleveraging, you are left with this simple case.  More money is owed because of interest, than EXISTS or WILL exist.  If the second borrower does *not* come along in my basic hypothetical, Borrower defaults in one year due to LACK of the means to repay.  Banker gets his collateral.  The money supply is gone.

 

May 21, 2010 1:24 PM

Expect this:

The resources and effort went into the MOST productive regions first.  The ones with the largest oilfields.  The US, etc.  Then you got BRICs.

All that's left is Africa.  Global carry MUST seek yields if credit will grow.  So they must find things to do in places where they can earn a return superior to the prevailing lending rate.

Japan deleveraged internally but their external credit still grew. That is because the loans went to develop Brazil and Australia and similar nations.  Just watch the forex unwinds on days like yesterday.  See what is moving against what.  That tells you what Japan and ZIRP and the yen carry was about.

May 21, 2010 10:15 AM

Oh yeah, what Iranian wouldn't want some of "that" like Iraq got?  I mean it's everyone's dream to see their family slaughtered, the nation razed, corruption, insurgencies, car bombs in markets, the power off, the infrastructure in ruins.  How could they possibly NOT want us to invade?

May 21, 2010 10:59 AM

Gold is up versus lean hogs and whatnot because gold is in supply decline. 

That's responsible for the price trend.  Stocks are not in supply decline.

May 21, 2010 2:19 PM

To answer this I will look at simple metrics.

In every year prior to 2005, the amount of supply of core Crude & Condensate increased.

2005 was its inflection.

What is capital anyway?  I submit that it is energy.  Energy is what does the doing.  Not money.  It never was money.  It's always a claim on energy, the ability to do or to make or to causeth to become.

Banking is certainly a parasite, but nothing they or anyone else can do can affect the energy supply curve.  They cannot make the uneconomical from an ENERGY standpoint, economical.  Period.

May 21, 2010 5:47 PM

This is exactly why years ago I forecast that the event that would prove to be the Rogue Wave system killer would be Japan's sovereign default.

I will gain some measure of satisfaction if my prediction comes to pass, but hope to be someplace the hell OTHER THAN THERE or HERE when it does.

Carry unwind is exactly like a dying star.  The engine of credit growth via ZIRP and stimulus struggles against the exponential inexorability of compound interest.  It implodes and the collapse into black hole sends out a lightspeed shockwave, blowing most of the star apart.  Supernova.

May 21, 2010 6:03 PM

Food prices are falling?  LOL.  You must not eat much.

I have seen only price increases.  Companies cut during the downturn to try to resurrect volumes but at this point they have no choice but to raise prices to be profitable.

Credit deflation will mean LESS income for all of us in the system.  Don't expect real price declines except in discretionary goods.

May 21, 2010 6:04 PM

He wasn't talking about the BRICs.  First clue was use of "tribe."

May 21, 2010 6:10 PM

Yes.

Virtually NOBODY understands why yields have fallen.

It's because they have to.

Core yields are driven by the level of ROI achievable using the loan.

If activity can only generate a 4% yield, a bank CANNOT source ANY loans at 5%.  Nobody would borrow at 5% to go do the 4% activity.  Credit is a supply and demand instrument.

What the secular decline in yields is telling us is that entropy is taking over globally.  We've wrung as much profit as we can out of most places and like a parasite, are moving onto to others.

Think about a supply curve, like an EROI curve for an oil well.  Rises, then peaks.  At that point, you are at maximum net energy extraction.  Or think about the law of diminishing returns or any asymptote-bound curve.  Yields are declining because there is NO DEMAND FOR MONEY at higher rates.

May 21, 2010 9:15 AM

Same fingerprints as on the financial crisis.

Or else the conventional wisdom really IS that strong.

May 21, 2010 9:20 AM

You simply have got to stop comparing maritime operations to wartime.

During war, every radar asset within the theatre will be jammed, destroyed, or otherwise suppressed.

CVNs will not be operating within sight of shore.  Subs will not have unrestricted ability to roam the seas close to ship groups.

The Phalanx isn't the anti-missile technology du jour anymore.  SeaRAM is.  But anybody who predicts the easy demise of carriers is a fool.  More nations are either acquiring them or trying to build.  Nations that have one are doing everything they can to keep them in the water.

Review the Kargill War if you have doubts about the efficacy of these things.  Pakistan had access to Silkworms.

May 22, 2011 11:17 PM

our monetary system is insolvency personified as a result of failure to grow.

May 23, 2010 11:19 PM

There was never a prohibition on Pakistan visit at that time.  Material fact is wrong.

As far as 9/11, the truthers cannot marshall sufficient facts to rebut the prima facie conclusion.  Far too many loose ends to be one giant conspiracy, but they pretty obviously did implode WTC7.  This last piece alone makes a lot suspicious because nobody in authority was forthright with why that was done.

But never, ever impute to a sinister conspiracy of masterminds what can be explained by corruption, fraud, or incompetence.  The same coverup happened in OKC, where the blast damage should not have been sufficient to destroy reinforced concrete columns.  The most likely explanation is fraud in the building code enforcement and shoddy construction.  Just like why buildings collapse in China.

As for WTC1, 2, Pentagon...c'mon.  Planes with hijackers and incompetent personnel.  The FBI is not like on TV.  The CIA is not either.  These are government sloth employees, not crackerjacks and masterminds.  They're like all the rest of the people in government.  They cannot solve a crime until after it happens.

Underwear bomber is a perfect example.  Truthers see conspiracy and police state feed, where the most plausible explanation is an intelligence override in order to chase him to bigger fish (hopefully) and get the bust and get on TV and in the papers and feed somebody's career with the terrorism apprehension.

May 23, 2010 11:25 PM

I knew people in law school who were friends of the Clittons from Arkansas or wherever.  They said it was an open secret that he was a philanderer and their marriage was at that point a business partnership.  She wasn't even using his name prior to becoming the model wife during the campaign.  Then, soon as elected, she took the Rodham back. 

The whole system runs on bullshit these days.  The rags are sayin O had gay lovers at Wright's Church, somethin about a few kids who strangely got whacked within a short time of one another all from there, same demographic.  Also, the Starbucks murders here in DC were profiled by the CityPaper as very very suspicious...there was an informant who a cop apparently led into a drug hit and they tried to bury his identity afterwards.  One of the Starbucks victims in a slaying in which everyone in the store got killed but no money or property was stolen was apparently another Lewinski.

You have to be careful who you cross in this country; it's no different from Venezuela or Mexico, just not as overt.  When people get whacked here, nobody even asks the obvious questions.

May 23, 2010 11:28 PM

Uh...there were people watching the landing with telescopes.

I mean, wtf, the entire WORLD went along with the conspiracy??  Even Krushchev?

You guys lose all credibility with the leaps of imagination you're willing to make.

May 23, 2010 11:37 PM

You cannot be serious...did you not see those airliners hit them?

The most PLAUSIBLE explanation for structural failure in WTC1 and WTC2 is that the structures were not as strong as we were led to believe.  Perhaps they were heavily corroded, shoddily built...there are any number of explanations.  Only if you ASSUME nothing was wrong with the towers or Murrah in OKC can you conclude that there must have been a sinister conspiracy of fireproof demolitions guys who nobody ever saw installing cutting charges on the support columns.  The whole notion is bullshit.  Never impute conspiracy where incompetence will suffice.

The freakin things collapsed right below the point of impact.  No way in HELL anyone crawled up there with shaped charges, man...uh uh.

WTC7 OTOH, was clearly imploded.  That there was never any explanation offered for this casts into doubt the official explanation.  The question becomes what were they trying to hide?  I cannot see from this question how you reach to "a vast conspiracy where the buildings were hit by remote control airplanes and precision imploded."  There was NOTHING precision about either WTC1 or 2's collapse.

May 23, 2010 11:39 PM

DU is almost pure U238, which is an alpha emitter.  Alpha radiation is only toxic if the particles creating it are inhaled.

May 23, 2010 11:43 PM

So now ANYONE who dissents from the wildest conspiracy theories and attempts to make a factual rebuttal of them is branded a government agent.
R

O

T

F

L

May 23, 2010 11:45 PM

JFC, you are asserting that the MOON LANDINGS were faked?  GFD, they brought back rocks, man.

How do you people sleep at night?

I don't see how the technical difficulties of a moon landing in 1969 were insurmountable because they WEREN'T.  It happened, get over it.

May 23, 2010 11:49 PM

Are you stupid?  At this point I have to ask that.

A controlled demolition of WTC7 does not PROVE the entire rest of the conspiracy theory regarding the entire incident, you idiot.

May 23, 2010 12:10 PM

The USD cannot be a hard currency at these deficit rates.

Oil is also in supply decline- THAT is what will destroy ponzi economies.

May 23, 2011 1:38 PM

Bill Gross must be dying of anguish right about now

May 23, 2011 1:40 PM

well, look at banking and media...tell me what you see.

Look at "civil rights" and tell me who's behind it. 

May 23, 2011 1:41 PM

you're lost

May 23, 2011 1:44 PM

dude's Irish now?

May 23, 2011 11:24 AM

the dead don't get insulted.  They're DEAD.  They don't care.   They don't get their feelings hurt.

Get over yourself and STFU

May 23, 2011 2:26 PM

because you have evidence you are going to share with us on how oil production can grow forever, right?

Moron

May 23, 2011 2:28 PM

they're not even at 10.  Maybe 8.9 or so.

It's unclear whether they ever got to 10.  When they were saying they were at 12, maybe they were at 10, who knows?

Nevermind the export land model where they are consuming increasing shares of their own production.

Production doesn't even really matter; it's production available for export to countries like ours.

May 23, 2011 3:00 PM

can't be done quickly without massive power deficits.

Nuclear is 25% of our electric right now.

The real problem is that nuclear development stalled and was led into particular directions by the government (for the navy primarily).  So, the plants we have now are all old and haven't been replaced.  As they've worked in some cases 40 or 50 years without incident, they are being extensioned.  We can't live without the electricity and there is no backup generation for them.

May 23, 2011 3:13 PM

silver isn't in the same league as gold for wealth preservation

May 23, 2011 8:26 AM

Shanghai Gold ETF?  LOL...is there anyone sane who would invest in this?

May 23, 2011 8:43 PM

if it's speculation you are after, GGP blew silver away too

May 23, 2011 8:45 PM

so, in other words, kinda the opposite of you LOL

May 23, 2011 8:46 PM

jobs?  LOL.  Workers never prosper in inflations like this as wages never keep pace.

Those who make out are big levered fish who get lent zillions.

May 23, 2011 8:54 PM

are you stoned?  There is no way in hell the aggregate debt has only risen by $2T in the past 3 years when we have been running $1.5-2T deficits annually.

Your math is utter bullshit as is your central premise.

The Demofags only complained about war spending under Busch...where the fuck are they now?

May 23, 2011 9:11 PM

you guys haven't figured out yet why the growth system ground to such an abrupt halt, have you?

May 24, 2010 10:28 AM

They are drilling there because that is the only economical oil left to go get.

There are no gigantic surface fields with production figures that will rival these.  ANWR is about it as far as remaining significant surface deposits.

Why the fk you guys think BRAZIL is drilling in the SAME types of formations, under even MORE water and MORE rock?  Because of environuts?

Get real.  These are the only oilfields that are left unexploited.  There is no conspiracy, there is a Peak Oil Curve.

Is it so hard to admit that once you eat the low-hanging fruit and then eat some of the higher apples, that all that remain are the ones high up the tree, that you have to climb to and take risks to get?

That's where we are.

The reason we're going after lower EROI fields is because all of the highest EROI fields were developed FIRST.

May 24, 2010 10:38 AM

Yeah, that movie was BS. 

May 24, 2010 10:41 AM

It cannot be cut.

Gov't is the only source of credit growth at present.  Without it, the entire monetary system will self-implode.

May 24, 2010 10:48 AM

Agree...smokes, TP, lipstick, perfume, playing cards, clothespins.

But that's a Bosnia scenario.  We're not going to be under attack from Martians.  We should study Argentina for where to live and what might happen.

Remember, even if the oil imports ex-Canada and Mexico were shut off, our electricity comes from NG and coal and nuke and hydro.  The lights will stay on.  Our water supply is secure.  Our NG is mostly domestic and we're in a supply glut.

So we might not be able to drive much, but we'd still have climate control.  The hippies with the electric cars in Oregon would OWN THE ROAD.

Don't expect the fiat paper to evaporate.  Seriously.  WTF good would the stuff be if you weren't allowed to trade gold for it?  The government would NEED people who were hoarding to bring the hoard out and circulate the paper around.  There's no backup hard currency in circulation like in the other failed fiat systems (the dollar there).

It would be in the government's interest to let all assets trade against fiat paper, otherwise they lose all power.

May 24, 2010 10:55 AM

Lemme take a stab at it, because I've answered this one before.

We go into mathematically inevitable deflation.  At some point, the population will beg Christ for money printing.  It won't work, because money isn't what causes the economy, it's the converse.

Oil supply becomes constrained.  There will be a short WW3, I forecasted 10-15 years out about 5 years ago.  But, it will be mercifully short because there simply isn't enough oil supply to be wasting oil fighting over.  This isn't 1939.  The Pax Americana collapses, the world gets larger.  The War will not be "won" by anyone.  Everyone will be forced to retreat and go home.

After that, sustained global recession.  There simply won't be enough surplus energy to waste on stupid things like power projection.  The US's imperial posture is highly reminiscent of Road Warrior...burning insane amounts of fuel to...go acquire more fuel, in order to burn it to...go get even more fuel.  It's a hamster/wheel thing.

Recession will not abate until a new, growable energy supply is discovered.  Perhaps the WW3 over remaining hydrocarbon supplies will precipitate sustainable fusion.  Just have to hope the war doesn't turn atomic.  Either way, it'd be better to not be in the US at that time.

In the meantime, more coal will be burnt at higher rates to replace lost oil supply.  Might be a bad time for the climate and air pollution.  In the end, our imperial network will be a millstone like it was for Britain.

May 24, 2010 11:01 AM

I will take issue with your upcoming stuff preemptively.

There is no WE, dude.

There is only YOU.

And you are outnumbered.  Never forget that.

Unless you are willing to discuss things so fascist that they would make Attila the Hun blush, there is nothing to talk about.

The simple fact is that there is inadequate aggregate IQ to grasp the problem.  I talk about this with smart people all the time, call it denial, call it mediocre intellect; they can't or won't get it.

The only way "out" to this sustainable future you talk about is Brave New World.  We are playing out the intersection of biology against finite headroom.  There aren't enough "we" that have the intelligence to understand what to do about it. Most are just deer on the island.

May 24, 2010 3:40 PM

Said 1000x that was what we should have done in the 90s.

Financed a gigantic wind and solar buildout with inflation dollars.  We'd have so much juice we'd be cracking H2 for export right now.  All the ingredients were there; instead we got a housing bubble and granite countertops!!!  YIPPEEE

May 24, 2010 3:42 PM

The EROI is necessarily lower than oil that pumps itself out of the ground.

Steady-state power solutions also do not grow.  It does not get windier or sunnier.

There's MORE THAN ENOUGH oil to power a 70s lifestyle for most of the world, but growth is the name of our game.

May 24, 2010 8:26 AM

Yes, they are not as smart now as the Americans in 1969.  You figured it out.

They also don't have access to the same resources today as did the Americans then.

The moon landing happened, FFS.

May 24, 2010 8:27 AM

You do understand that there are ways to assess whether a rock is terrestrial in origin, right?

May 24, 2010 8:30 AM

Look, man, you work in residential construction laying granite countertops if you believe that there was anything in ANY WAY SHAPE OR FORM controlled about the way WTC2 collapsed.

The entire top HALF of the fucking building came down and partially PITCHED and YAWED as it fell.  This is in NO WAY consistent with a controlled demolition.

The WTC were not just on fking FIRE, man, they were hit by LARGE AIRLINERS.

This site CANNOT be this chock full of nutters.

May 24, 2010 8:33 AM

Nein.

In a normal controlled demolition, the building is stripped.  This was some kind of emergency.  Actually placing the charges for this type of operation would not take more than a few hours in an emergency.

They had all day to do it.

May 24, 2010 8:35 AM

Yet people INSIST that a controlled pull of WTC1 and 2 was what occurred. 

The fires in WTC7 were near the top floors, not the levels needed to collapse it.

The building was pulled but there was no secret team that went in ahead of time.  They went in after surveying the damage to it and the site during the day. 

May 24, 2010 8:48 AM

Tarpley imagines that WTC1,2 were brought down via some kind of raygun microwave beam weapon.

The leaps and stretches were just absurd.

Sure the CIA helped Bin Laden, so what?

Maybe the reality is that they are incompetent and so is the FBI.  Maybe the reality is that they really COULDN'T stop an unfolding plot even if you gave them a crayon book with all the dots already connected except for one or two.

May 24, 2010 8:56 AM

It doesn't take that long to wire up a building for implosion.

Stadia and large structures take longer due to their horizontal footprint.  A standard box skyscraper isn't that difficult...seriously.  The companies that lay charges do these things all the time.  They have an orthodoxy to it.

My hypothesis is that WTC7 was pulled because of collapse risk.  We can argue that the other 2 shouldn't have collapsed as they were still, but they did.  So maybe the same crap construction was present..who knows?  Maybe the foundations were substandard and the building would have fallen anyhow.  Maybe the foundations were damaged by the other 2 collapses.

I saw no damage points whatsoever in WTC7 from which a collapse could have ensued.  It imploded in a manner consistent with a controlled pull, simple as that.  Perhaps it was a freak thing and it pulled itself.  But to wire it up to come down in an afternoon emergency is not impracticable.

May 24, 2011 1:02 PM

violation of what?  Neither Pukistan nor India were signatories of the NPT.

Israel wasn't either.

May 24, 2011 1:07 PM

it wasn't yet fueled, dumbass

May 24, 2011 1:13 PM

No, it won't.  There isn't enough oil supply for this to happen.

May 24, 2011 1:31 PM

they also own "victim" and "holocaust."

In fact, in Defamation, you can watch the ADL chief telling the President of Ukraine *not* to equate the slaughter of like 20 million of their people by the Russians to the slaughter of less than 1/3 of that figure by the nazis.  In other words, don't try to link yourself to us, don't use this word, they're not comparable, they could never be comparable.

May 24, 2011 1:35 PM

I will go out on a limb here and GUARANTEE you that someone has contacted the ADL and they have logged in their systems every single one of these ZH posts that do not gush praise for Israel as an example of "antisemitism."

That way they can blather about how rabidly alive antisemitism still is, thus circularly justifying their reason for existing.

May 24, 2011 1:41 PM

fuckin dumbass...you might wanna educate yourself going forward

May 24, 2011 1:47 PM

let's see here...the dominant ethnicity in media is jews.  The dominant in finance is jews.  Dominant even in Congress. 

WTF do you expect?  This is LA COSA NOSTRA.  It's an extended organized crime family.

This is what clans do; it's what the sicilians did here with their mobs.  Was EVERY sicilian a mobster?  No...but the top mobsters were all sicilians.  Got it yet?

May 24, 2011 10:20 AM

this shit is comical...what a joke of a president

May 24, 2011 10:23 AM

All that is evil, all their allies; your parents, your leaders, those who would call themselves your judges; those who have lied...

May 24, 2011 10:57 PM

so, IOW, I need to find a REO and just break into the thing and start living there?

May 24, 2011 11:09 PM

how about not another of the same ethnicity as all the rest of the western banking industry?

May 24, 2011 11:13 PM

CNY??  Why?  Do you really think some paper that they print the shit out of to maintain false growth is going to increase in real value??

May 24, 2011 11:17 PM

goodnight ponzi

May 24, 2011 11:20 PM

africans are finally going to invent the sailboat after 2000 years and sail there?

May 24, 2011 11:21 PM

Japan wasn't "taken out" you moonbat nutjob.  It was an earthquake.  A NATURAL disaster

May 24, 2011 12:49 PM

Texas is an even bigger joke

May 24, 2011 12:54 PM

...except Syria actually DID build a reactor of PRK design.  The Israelis bombed it.  Has everyone forgotten already?

May 24, 2011 12:56 PM

Syria has no oil.  Their reactor was already bombed to smithereens by Israel prior to ever even getting fueled.

May 24, 2011 4:00 PM

hundreds of millions or billions....the problem is that these types of timescales are incomprehensible.

May 24, 2011 4:02 PM

you very clearly don't know what "supply" means

May 24, 2011 4:04 PM

sure...vast fortunes have been made by those appropriately connected to the corruptocracy

May 24, 2011 4:22 PM

200 lol...the Chernobyl liquidators were exposed to rad fields as strong as 100 sv/h (of course they had lead all over).  They just could only spend a teenie bit of time up on the roof less than a minute at a time.  I think they underestimated the radiation levels and were targeting them to receive half a sv per trip.  Some took a few trips up.

After coming down they said they felt as if they had been attacked by vampires.

There were people at the plant who ambled into 100sv rad fields as well.  A lot of them died. 

May 24, 2011 4:34 PM

just like the whale oil barons stopped rock oil, eh?

You can't stop it.  Nobody has the power. 

May 24, 2011 4:37 PM

Are KC and Dallas stoned?  WHAT improvement in economic conditions?

WTF metrics are these idiots smoking?

May 24, 2011 4:54 PM

You know what interest is?  It's someone ELSE's borrowing.

If your parents want yields, they are going to have to look outside of debt.

May 24, 2011 4:56 PM

so now we can drive to Brazil?  AWSUMZ

May 24, 2011 5:08 PM

I call out Cornell West as an idiot for his 365black mentality.

He needs to get real about the actual challenges facing his people.

May 24, 2011 8:21 AM

who gives a fuck what Dagong says; they have no power

May 25, 2010 3:23 PM

The dude's approval ratings are already in Busch Country.  Low 40s in likely voters.

I find the whole thing awesome just because of how stupid his former voting base was.  He may very well believe now he can turn on his campaign contributors and give them a public flogging.  He'll find out who owns who.

I wondered during the elections if perhaps his birth cert might find its way to daylight if/when it was needed.  Either that or Rezko etc. becomes his Watergate.

May 25, 2010 3:24 PM

Not likely

May 25, 2011 1:10 PM

the Wright Brothers weren't looking to get rich.

Smart people do cool shit just for the sake of doing it.  Something you obviously don't grasp.

May 25, 2011 1:15 PM

far more than 5% are sociopathic

May 25, 2011 1:17 PM

horseshit.

What are the NEEDS of nonwhites?

Let's let Black Capital drag us back to huts and river blindness.  No thanks.

The banking oligarchs aren't white, genius.  Wrong ethnicity if you meant europeans.

May 25, 2011 1:18 PM

the difference between us and Mexico is not caused by the level of government services, idiot.

May 25, 2011 1:24 PM

you act like it is just the OC lifeguards.  ALL across the government spectrum, people are vastly overpaid.  This is but one example of absurdity.

Government is the one entity that has the power to set its price. 

May 25, 2011 1:24 PM

maybe you should ask Farrakhan who was behind the slave trade if you're so concerned with brown people.

May 25, 2011 1:26 PM

how about fuck you?

How about work there and demand more money and get other people to play the game with you- the SAME GAME the capitalist plays.

You fucking bootlickers are all about different rules for the rich...

Unions aren't the government, you retard.

May 25, 2011 1:29 PM

that is what unions permit them to do.  They apply monopoly capitalist tactics onto the pricing of labor.

Don't like it?  DON'T HIRE THEM.

May 25, 2011 10:15 AM

In not seeing that they didn't ask for silver

May 25, 2011 10:17 AM

...which is bunk.

Look, it's important to recognize that aggregate production backs currency, along with assets, of which gold is only one component.

Gold does not and should not SINGULARLY back a currency.  It's only a constituent, not the entire game.

May 25, 2011 10:17 PM

single most prescient comment in this whole argument, and what deflationists fail to understand.

When debtmoney is in a state of cascading, systemic default, it becomes worthless.  The USG which backs is bankrupt.  The FRB is bankrupt but/for their ability to print. 

The deflationists do not understand what deflation is.  Facing a future of aggregate contraction, ALL PRESENT DEBTS must be discounted.  In essence, tomorrow cannot repay today's debts. 

May 25, 2011 10:21 AM

Greece just THINKS it wants the drachma back.

Everyone, including Tyler, is failing to point out that if Greece really does say fuck you to the EU, the EU is going to come back blasting.  They will clustershit the drachma to nothingness.

Greece is getting austerity or it's getting scorched earthed.

This wasn't a "big deal" when Iceland did it and yet still the Brits invoked terrorism and war powers to extract flesh.  When do we see navies sail and armies move over this?  

May 25, 2011 10:25 PM

if the Fed permits deflation, the USG undergoes fiscal collapse.

IT IS AS SIMPLE AS THAT.  If the Fed won't make "money" available, the Congress will DISSOLVE THEM.

May 25, 2011 10:40 PM

you're not dumb enough to think this trollbait shit is gonna work, do you?

A littany of non sequiturs

May 25, 2011 10:45 PM

judaism is the clan religion of jews, the ethnicity.  Most of the jews do not follow the tenets of judaism.  Hell, look at all the raving homo jews out there like Dave Geffen or the guy who invented "racism" as a term.

The situation in media and finance does not break down along religious lines.

May 25, 2011 10:47 PM

bullshit..we could level Afghanistan.  We just cannot "nation build" and "hearts and minds" our way to a victory.  If we get truly bloodthirsty, look out.  Our ability to destroy things is unmatched.

May 25, 2011 10:59 AM

CSCO is an interesting case-in-point for what I'm saying.

Dunno who it was, maybe Frontlline, who did an expose on this tech bubble and found that via options and share buybacks, CSCO kicked a full DECADE's worth of profits to management and never paid shit to shareholders.

Shareholders rode the ponzi of "price appreciation," which turned out in most cases in .com to be classic and explicit fraud and book cooking by the managers, who yet still paid themselves bonuses as if the profits WEREN'T bullshit.  The profits were phantom but the bonuses were definitely real.

Who can forget Worldcom or Tyco or any of the dozens of major frauds that went down as the Nasdaq crashed 75%?  All the illusory gains managers "delivered" for 10 years were shown to be nonexistent and were undone within the span of a year.

And during this span, management relentlessly reinforced its entrenchment.  During the price ponzi, the true ownership was so drunk with bullshit valuations fed to them by management that they acquiesced to every additional step management took to buttress management's power and control.  Now that all those illusory gains have been wiped away, management is left in complete power to continue to funnel all profits to themselves.

May 25, 2011 12:56 PM

The philosophy in boardrooms is "how can we pay these executives more so that when they sit on OUR boards, they can pay us more too?"

That is in actuality, at its lowest level, literally how this shit works.  Every board member is an executive of some other company and the interlocking directorates are vast.  It is a big club.

Executives try to decrease cost by firing people even at the expense of the long-term viability of the company.  That is because their mentality is to take every bonus NOW.  Who gives a shit if this company still exists 5 years out; I will have maximized my immediate gains.  They also look to backscratch as boardmembers in order to provide nice, soft landing places for after they deploy their golden parachutes.

The interlocking executives club isn't just about golden parachutes, it's about golden landing zones.

May 25, 2011 2:51 PM

cohesive societies can operate under whatever model they want.

Nothing "makes" the scandinavians pay their UN parking tickets whereas the african nations won't.  They do it because that's how they are.

Should be surprised when whatever societal model they choose seems to succeed?  They are a successful, homogeneous, cohesive people.

Look at Japan, too.  From ashes to #2 GDP in the world in less than 50 years. 

Behavior dictates outcomes.

May 25, 2011 2:59 PM

But neither you nor Reggie obviously did well enough despite this prescience to not have to be doing it anymore.

LEAP puts on LEH paid what, 50x money?

May 25, 2011 5:30 PM

so fuck all renters huh?

Only people who deadbeat on their mortgages get money?

I've got an idea; how about we kick all the piece of shit squatters out to RENT and give those who've been responsibly paying their rent the free house?

Reward GOOD behavior for once.

Oh yeah and hang all the bankers

May 25, 2011 5:31 PM

I want my free house.

May 25, 2011 5:40 PM

how many more countries are going to be busted out by this jew confetti?

States like Colombia are funny; the Spanish banks own the nation and charge the natives rent, essentially.

Now when Spain goes under a bigger fish will acquire their assets.  Like a big game of Monopoly.  All for PAPER.

Times like this you should thank your lucky stars you are in the FRN zone.  Our day will come but it's fixing to be one of the last days.  In the meantime you can acquire vicarious shares of other people's nations.

The entire system of debt is an attempt to get something for nothing.  This is the crux of why usury is historically reviled and usurers hated.

May 25, 2011 8:21 AM

Acting in shareholders' interests would have meant dividend growth kept up with profit growth, not that share prices ponzi'd up then crashed while CEO pay kept rising every year.

Executives act in their own interest and only their own interest.  Bitchez

May 25, 2011 8:35 AM

TSA doesn't "ensure" ANYTHING. 

The insanity is overflowing with these government people.  They have just assumed themselves competent.  Watched Frontline last night on Assange and that same old shit about leaks putting people in harm's way...wtf?  How could someone on the side of the entity that put 150,000 ARMED TROOPS into an invasion of another country have the gall to talk about harm's way?  If they were that concerned about "innocents dying," they wouldn't have invaded in the FIRST PLACE.

Yet there they are talking crap where they assume a frame of reference that is objectively ridiculous.  They are always right; they're the government!  They work for the people!  They are in public "service"!

Question the party line and people like at you like you have 2 heads.

Texas wants profiling-  a logical end to the insanity that diversity/PC has imposed on air travel.  It's inherently, objectively ridiculous.

May 25, 2011 8:40 AM

dude.  COMEX is NOT, repeat NOT the source of silver for the silver market, ok?

It is, like any futures exchange, INTENDED to be primarily a cash settlement mechanism for price fixing.  There is no shortage of silver even if COMEX is completely out.  I have no idea why Comex in this day and age still even continues this legacy function

May 26, 2010 10:36 AM

Mexico has the Liberdad now which is 1oz pure

May 26, 2010 10:38 AM

How were they on the Leafs or Nuggets?  I don't imagine Eagles are more than a niche product outside the USA.  The indian retails here seem to go heavily for leafs

May 26, 2010 10:40 AM

Same thing with my wife

May 26, 2010 11:06 PM

avatar's fine...just too small

May 26, 2010 11:08 PM

WTF use are AK47s?  This is Greece, not pakistan

May 26, 2010 11:10 PM

Nobody is starving in Greece.

In a currency crisis, you need HARD currency.  That has always been dollars.  Here it may have to be something else.  Perth Mint certificates, who the fuck knows, but the dollar backs all else, nothing backs the dollar.

May 26, 2010 3:22 PM

gold standard is bullshit.

PRODUCTION standard.  Real Bills.  That's what matters.

Gold is a real asset no different from wheat or coal in the sense that it can trade for other real assets

May 26, 2010 3:25 PM

Grotesque...deliver to FEDERAL RESERVE banks.

It wasn't even a REAL confiscation.  It was the government ORDERING you to hand over your private property to a fucking BANK that in those days had NO blurred line between a gov't institution and a private one...it was ALL PRIVATE then.

May 26, 2011 1:27 PM

what a joke...record BTC for the debt issuance of a bankrupt State

May 26, 2011 10:24 AM

ZOMG teh goleds are down $6

May 26, 2011 4:47 PM

one "lobbyist" I know and I had this talk the other day.  I said there's not a whole lot of honesty out there right now.  He called me a cynic and said, "I see the world as more shades of gray than these absolutes."  I replied that shades of gray is just a euphemism for dishonesty.  That was an effective discussion cloture.

May 26, 2011 8:41 AM

lol...I can't believe the numbers of people rushing to his defense or when a crooked oligarch scumbag gets busted, assuming that it was some vast conspiracy to set him up.

News flash:  the guy engaged in illegal behavior just like Spritzer did. 

May 27, 2010 10:18 AM

I didn't ask about irrational emotional attachments to the things...I asked about utility

May 27, 2010 10:22 AM

lolhuh?

The avatar picture is too small

May 27, 2010 10:27 AM

Garbage.

The yen will deflatively implode before the dollar.  The yuan is being printed into oblivion.

May 27, 2010 10:31 AM

Not laughing...expecting it.

Secular yields are declining.  There is no way around the diminishing returns phenomenon.

Those who expect rates to go up are in for a surprise - rates can't go up because there's so little that's profitable at these rates, there'd be even less demand for money at higher rates.

May 27, 2010 10:34 AM

There is no "they."

There simply isn't demand for money at these rates.

The friction is between lenders who want more interest for their money and borrowers who want to pay less.

But, overarching all of this is that borrowers CANNOT borrow at 6% to earn a 5% ROI.  If aggregate economicality is in the 5% range, you will find almost no demand for credit/money at 6%.  Rates would have to decline to find buyers of credit.

May 27, 2010 10:43 AM

Shocked....shocked, I say

May 27, 2010 10:48 AM

Sure...but on the way to that place, they have to come to grips with the fact that BRIC and Oz growth wasn't FUNDED with local currency; it was funded by carry currencies like the dollar (which underpins ALL world currencies as a matter of the legacy of Bretton Woods) and the JPY which because of ZIRP for 20 years has become a de facto reserve currency via the yen carry.

All you have to do is watch the forex crosses.  On these bad days, all drop versus the dollar except the yen.

May 27, 2010 10:51 AM

What people need to come to grips with in the aftermath of this and the WV coalmine explosion is that doing this sort of man's work is NOT SAFE.

Men have systematically eliminated risk for half the electorate at least, who think that "job"="put on a pantsuit and go sit in front of a keyboard."

Sorry to say but there are still things out there, the most necessary jobs, that carry a TON of risk that the keyboard class need to be aware of.  The people getting, mining, fishing, harvesting all these THINGS we like are the ones shouldering the risks.  Paper pushers have none, see none, experience none, so they seem to assume there is no risk anywhere nor should there be.

Shit happens.  Drilling 23000' down while in a mile of water was supposed to be, what, a piece of cake?

May 27, 2010 10:56 AM

Do any of them actually know how to DO anything??!?

I mean, this reminds me of some office pencil pushers who opine about how there is just no reason for anybody to die on the job.  Yeah, not YOUR job, daisy, and not on mine either.  But this shit down in the GOM is dangerous work with a lot of risk.  It's a good bit harder than picking out which pantsuit you're going to sit in an office chair wearing.

May 27, 2010 10:57 AM

Not as long as the media is in the hip pocket and there are no black people on TV looking miserable.

May 27, 2010 11:21 AM

lol...I have that single on an old cassette tape

May 27, 2010 4:34 PM

physical audit plz

May 27, 2010 4:36 PM

DXY tells the tale.  Overbought or just a pullback?

May 27, 2011 10:05 AM

both of those had effective Stazis

May 27, 2011 11:18 PM

I am going to assume you understand that inductive current isn't free.

There are "plans" or whatnot to put satellites up with tethers to harvest inductive current from solar winds and the like.  They just require materials with tensile strength beyond that which we are capable.

May 27, 2011 11:30 PM

let me say this again, in a manner so blunt that even an idiot like YOU can get it:  EROI has NOTHING whatsoever to do with economics.

It is STRICTLY a measure of energy returned on a process that has energy as an input.  It is a measure of exothermicity.

Whatever your idiotic ass means about "it is not a set value,"...wtf does that mean?  WTF do you mean it is not a set fucking value?  Every process has a different EROI.

Now, kindly STFU and get back to your 12-step

May 27, 2011 11:31 PM

you stupid prick, oil development and production has had an EROI that has gone down steadily over the last 150 years of technology and advancement.

Get back to your meeting.

May 27, 2011 11:32 PM

a recent development by ONE set of researchers in a fuckin lab

You are no chemist, you are no biologist.  You are a fuckin postal worker.  Cliff

May 27, 2011 11:38 PM

You freaking ridiculous retarded ASS.

Peak oil HAPPENED ALREADY to the USA.  Where the fuck have you been the past 40 years, you idiot?

It has nothing whatsoever to do with Global fucking Warming.  ZERO.

Global warming wasn't even an itch in Algore's pants when Hubbert elucidated the FACT that oil wells, fields, regions, nations, planets peak.

May 27, 2011 11:41 PM

so oil is infinite?

Peak doesn't mean that we RUN OUT, for the fifty MILLION BILLIONTH time.

JFC, weren't you told that the LAST TIME you said this same stupid as shit statement about PO on the LAST thread?

WTF is the matter with you?  Can't you freakin understand this?

By the way, silver and gold are finite as well and are subject to production peaks, JUST LIKE OIL

May 27, 2011 11:44 PM

passenger-mile per gallon or mile per gallon?

May 27, 2011 11:44 PM

yes, yes...food is a good analogy.

At some point, you reach your maximum rate of production of food.  You do not "run out" of food, everybody does not die.  You simply no longer grow.

Now get to your meeting.

May 27, 2011 11:49 PM

crop yields...lol.  Due to petrochem fertilizer and mechanized (read: oil) agriculture, bud

May 27, 2011 11:54 PM

WTF does that have to do with Russia, fag?

May 27, 2011 11:58 PM

WOW...srsly?

Do you HONESTLY suppose I don't know who Thomas Gold is or haven't heard the abiotic oil bullshit a million times by now?

Pull your fist out of your lover's ass and smack yourself upside the head with it and knock some sense into yourself.

It doesn't MATTER where oil comes from, dipshit.

What is the expected PRODUCTION RATE of methane from Titan?  About the same as your IQ

May 27, 2011 12:40 PM

not likely.  The libtard contingent of the protestors will be bleating at YOU "violence isn't the answer, hands aren't for hitting" and all of this shit and blaming you for "see what you caused?!?!  You ESCALATED things."

These are the same types of idiots who don't believe in standing up to a common street thug because having a weapon "escalates" things.  They haven't figured that it escalates into the bad guy getting his ass kicked instead of you.

May 27, 2011 12:43 PM

Risk is Obama "robosigning" the Patriot Act extension....

May 27, 2011 12:49 PM

wtf?  Take 0 and multiply by your IQ, you have 0x0=0

May 27, 2011 2:32 PM

EIA is full of shit.  IEA's data doesn't jibe and neither do other production figures which show no magical new record high in C&C.

EIA is USG

May 27, 2011 2:55 PM

yes...THERE BE UNICORNS

Don't you idiots understand geometric growth?  Obviously not.

Because if our technology miracle allows us to DOUBLE the amount of oil production, how much time does that buy us?

If you can't figure out the bacteria in the bottle problem and how FUTILE it is for the bacteria even to expand their resource base near headroom by 1024x, then you desperately need to STFU.

None of this has anything to do with anything other than the basic math of geometric growth.

May 27, 2011 2:55 PM

you just don't understand the difference between energy and power

the oil production curve is a measure of POWER, not energy.

Reserves are a measure of energy, the rate of extraction is what we care about- nothing else.

So what if the sun rains down energy?  It took about a billion years to condense that into something we'll pump dry in 200.  And you morons want to again double our power rate....wow.

How easy would it be to "harness" the fucking sun, then, genius?  Go rope a unicorn while you're up.

May 27, 2011 3:00 PM

then what happens when every square inch of the planet is devoted to these grasses?

You guys simply don't want to have to accept basic FINITENESS, do you?

All real-world systems have FINITE headroom.  They cannot accommodate limitless geometric growth!

May 27, 2011 3:05 PM

no, EROI is a strict measure of net energy, measured in joules.  It has jackshit to do with economics.  Perhaps you don't understand what "invested" means.

May 27, 2011 3:07 PM

did you not read what he just wrote???!?!

GFD, this was an idiotic post you just wrote.

May 27, 2011 8:30 AM

he got beaten like a silver long

May 27, 2011 9:05 PM

The Western Oil Majors develop all the fields in Russia; it's been that way since the collapse.

May 27, 2011 9:06 PM

METHANE is on Titan, not crude oil.  Idiot

May 27, 2011 9:17 PM

are you fucking stupid?  We are on a fucking floating rock in space with no way off.  We cannot GROW FOREVER, you effing idiot.

May 27, 2011 9:17 PM

uh, no it isn't...it is geometric.   Or exponential.  If you want log, you must mean base 2

May 27, 2011 9:18 AM

police snipers will mercilessly gun down any "terrists" showing up armed trying to threaten freedom

May 27, 2011 9:21 PM

Who ever said anyone had to die next thursday, you moronic retardafuck?

You are so poorly-regarded around here not only for your stupidity but your shameless and ridiculous use of strawmen like this die next thursday, which came out of YOUR ass, or this "permanent" depression, which came out of YOUR ass.

ONLY YOU think there is a binary outcome here.  I have been PATENTLY fucking clear on what peak oil means; it is not my fault that you are too stupid to understand it.

Technological progress?  Jevon's Paradox? 

Look, do you waste a SINGLE opportunity to make a fool out of yourself?

May 27, 2011 9:21 PM

sure they do, Cliff.  One research team from one university and you have PENCILED IT IN as a savior.

This is why people call you a moron.  Ionic liquids won't obviate Peak Oil, you fuckin dipshit.  If oil production doubles again...then what?  You think it will continue to double forever?  Are you really that stupid?

May 27, 2011 9:24 AM

this is the problem in Iraq and Afghanistan, up to and including people suicide bombing gatherings of people trying to apply for a cop job

May 27, 2011 9:27 PM

wow...we have one university publishing results from a set of experiments, and you already have oil recovery DOUBLING "at least"

Do you ever think to yourself, "Cliff, now, you went and made a complete fucking idiot of yourself yesterday, so just shut the fuck up today so it doesn't happen again"?  Or do you charge right in here and just fall off the wagon?

You need to form Idiots Anonymous and do some 12-steps

May 27, 2011 9:30 PM

there you go again with that binary outcome strawman, Cliff?  Will you EVER shut the fuck up?  Is it some genetic disease that makes you a stupidaholic?

Go to your 12-step meeting and stop falling off the wagon.

May 27, 2011 9:31 PM

and in the same breath you throw up a strawman of the binary outcome of "status quo or death"...

go to your meeting, Cliff

May 27, 2011 9:34 PM

AND THEN WHAT?

You simply DON'T GRASP the problem, do you?

After you hit that point of ethanol production YOU STILL NEED TO GROW.

May 27, 2011 9:34 PM

YOU don't fucking understand Peak Oil, you effing MORON.

Peak Oil is NOT about price, it is about maximum RATE of net production.

Please, GET TO YOUR STUPIDAHOLICS ANONYMOUS meeting; you're off the wagon again.

May 27, 2011 9:36 PM

you're siding with the guy who wants the entire earth covered in grass for ethanol?

WOW

May 28, 2010 11:02 PM

Fortunately, we have MMA and BJJ schools for kids now.  Consequently, people like me will teach these dweebs to strangle your children unconscious and violate them in the lockerroom.  Maybe just for sport.  They'll stop when your son is wearing a dress.

May 28, 2011 1:34 AM

ah...Cantarell.  The 2nd highest producing field in the world, which crashed down to sub 500kbpd in the span of a few years.  As high as 33% YoY production declines.

Oh, but Peak Oil isn't real.  Because if wells peak, and fields peak, and nations peak, the collection of nations we call the "earth" won't.

Makes total sense.  LOL

May 28, 2011 1:35 AM

and while you're talking about these fields, you stupid homo, why don't you go and tell us what the PRODUCTION RATE will be from them, instead of what their reserves projections are?

Soon as you figure that one out, you will realize how stupid you are right now.

May 28, 2011 1:37 AM

Don't confuse Tmosely-claven with the difference between "run out" and "peak."

He's too busy curing cancer n' shit

May 28, 2011 1:45 AM

You have demonstrated NOTHING OF THE KIND.

You have ONE university that recently did ONE experiment and you already have penciled in a MASSIVE rise in production...only a stupid prick would try to be so shamelessly dishonest as you have been.

Your strawman claims are pathetic.  I never said ANYBODY was dying next fucking tuesday...those are YOUR CLAIMS.

YOU are the one who gave Tokyo a fuckin WEEK "tops" before everyone was dead or evacuated, you hysterical moron.  I have said "no growth."  Simple as that.  I've been RIGHT!  As documented by ZERO fking HEDGE itself, there IS NO GROWTH.  We are in aggregate contraction, EXACTLY as I have predicted.

The reason I and so many others call you an idiot is because you ARE one.

And for the ELEVENTY BILLIONTH time, I did NOT SAY nickel would RUN OUT.  I said its production would PEAK.  Do you fucking YET get the difference, you depraved mendicant?  And the core is composed of it...so we will mine the motherfucking earth's core now?

JFC, GET TO YOUR MEETING, the village you came from is missing its idiot.

I don't want us all to die, people like YOU need to die, fucking idiots.  You are STUPID, get it?  Irretrievably STUPID.

As far as eugenics...wtf does that have to do with Peak Oil?  Answer: nothing.  You cannot even compose a cogent or rational argument.  Everything is strawmen, ad hominem, ignoratio elenchi...you are a tour de force of logical fallacy, Cliff.

Now get your stupid ass back to your 12-step idiots program

May 28, 2011 1:45 PM

what little credibility you may have had is being eroded by your own hand, and I am MAKING you do it.

With each passing moment, you make yourself more my servant.

May 28, 2011 1:48 AM

two words:  Jevon's Paradox.

Ok, a few more words: DO NOT SPEAK if you are ignorant.  Stop assuming your opinion is worth a shit.

May 28, 2011 1:50 AM

look, how many ways can you be bitchslapped on this topic before you realize that everyone is laughing at you?  We are LAUGHING at you, Cliff.

There's a HUGE difference between Newton's Law and a minor experiment at a university that bears some relevance to oilsands.

Only a dishonest, dissembling IDIOT like you would try to make this analogy.  I mean, GFD, are you expending effort to look this stupid or is it like your one natural talent?

"there are other energy sources on the earth..." LOL...so WHAT?  WTF does that have to do with whether oil will peak?

More oil buys us more time...HAHAHAHAHAHAHA...you don't understand exponential compounding, do you?  GFD you are dumb.  Just plain, flat, seriously DUMB.

Predictions of dying next thursday come from hysterics like you with your calls for the ENTIRETY of Tokyo to be dead by April 2, in a "week, tops."  You freakin clown.

May 28, 2011 1:55 AM

yeah, sure, Cliff, you are going to cure cancer in a "year, tops."

Riiiiiiiiiiiiiiiight.

Is there ANYONE here who still thinks you have an ounce of credibility?  You're so stupid you are a danger to anyone around you.  Your life savings lost 30% in a couple of weeks and you are desperate to lash out at anyone who disagrees with you, as well as to hope that everybody just forgets the manifold absurd predictions that you made.

May 28, 2011 1:56 AM

HAHAHAHAHAHA...so were you owning me when you made a half a dozen ABSURD predictions that fell completely the fuck apart within a week?

Or were you "owning" me when you spouted shit about oil not peaking only to retreat off that and try to reframe the discussion into your field of strawmen about people "dying next thursday"?  And who can forget your bold silver price predictions?  You're not owning anything, Cliff, other than the title of Stupidest Idiot.  Your village must really miss you, because you are a goddamned jester.

I need to fucking kill YOU, not myself.  the world ain't short on idiots, Cliff; we don't need more of you.  You offer nothing except the same old cornucopian bullshit.

Nothing I said on eugenics is untrue.  NOTHING.  You just don't like it and you are a mindfucked lemming.  Probably because you know you would be sterilized.

May 28, 2011 11:13 AM

you've LOST IT.  Now you're going to spam a bunch of shit on a completely different topic rather than face the music that you are an idiot?

Make another prediction for us, Cliff.  Silver to 49 by 2 weeks ago?

May 28, 2011 11:14 AM

Godwin's Law....you lose.  Again.

May 28, 2011 11:17 AM

You've never let ignorance stop you in the past, Cliff, why let it now?

Chart it out for us like you did with silver.

May 28, 2011 11:18 AM

you just think you can drop the N word like that...wtf makes you think you are entitled to use racist epithets the way you do, punk?

I said "everyone with IQ under 100."  FYI, that would include you.

May 28, 2011 11:19 AM

3 idiots, all in a row...

May 28, 2011 11:28 AM

ROTFL...what a LOSER you are.

May 28, 2011 11:35 AM

lol...that's what you get for sleepin

May 28, 2011 12:01 AM

are you really this stupid that you think that the earth's not being a closed system somehow obviates the 1st law?

WTF is next out of your ass, perpetual motion?  There is no free lunch, dipshit.

Just chant "ionic liquids" over and over again, ok?

May 28, 2011 2:33 PM

"your watch," Cliff?  LOL

You are nobody and nothing.

You are off the wagon again

May 28, 2011 2:33 PM

nothing I said in ANY of Cliff's spam is incorrect.

I challenge ANYONE to dispute them.

Want to dispute average IQs, go ahead, brian size, go ahead, this silly notion of "equality," go ahead.

Mosely-claven can't, so he just throws them out and expects likeminded pavlovian lemmings with their conditioned political correctness to say ZOMG, RAYCISSSS.

May 28, 2011 3:02 PM

what makes you an idiot is your false dilemma

May 28, 2011 7:22 PM

the banks lent money they didn't have...this is why usurers get run out of countries throughout history

May 28, 2011 7:32 PM

noboby buys fuckin Coach bags anymore...LV and shit are the rage.  If you are a baller, you have Hermes

May 28, 2011 7:41 PM

Douchinger runs a miserable little blog called Tickerforum where he basically bans anyone who disagrees with him.  Its readership and membership is way down, basically the blog had a run where it was relevant but it's withering rapidly now.  Most of the forum content now is posts linking to what ZH says.

He jumped the shark when he threatened to ban anyone who linked to TheOilDrum.

May 29, 2010 1:20 PM

explanation of what the oil peak means to economics:

Just another way to phrase what I've been trying to say

http://www.theoildrum.com/node/6517#more

May 29, 2010 10:15 AM

utter. horse. shit.

it's never been like that in a single economic collapse.

guns and ammo have NEVER been more valuable and gold has never been valueless.

May 29, 2010 11:12 PM

An easy one:  debt must grow.  Debt IS the money supply.  It cannot go down, otherwise, parasitic interest drag implodes it.

Some maintain that government deficit IS the only source of money supply.  This is a notion which is partially true insofar as debtmoney systems go.

May 29, 2010 11:21 PM

It's worse...the ECB's debts are also in dollars.  We are the reserve.  We underlie them.

What the ECB needs to do is to start printing their own dollars or else just sterilize ALL dollar debt in the EU like the Chinese do with the yuan.

Fucking PRINT IT.  Either that or now is the time for China to step up with the RBOC's massive dollar forex and become a liquidity provider in competition with the Fed.

That latter thing would be highly interesting were it to come to pass.  In 2008, I kept asking wtf are they waitin on?

May 29, 2010 11:23 PM

I liked the other avatar better, FWIW

May 29, 2010 11:34 PM

The EU is like what the US would be if the slugs at one end didn't have the voting bloc power to enforce redistribution from productive to nonproductive.

The Germans really essentially ARE saying fuck you Greece, you bunch of chump slacker lowlife cretins.

Why should Germany suffer an iota for what a bunch of low IQ club Med countries have done?  That is the sentiment of the populace.  They don't have an EU federal authority like we have who can come in and force Montana to pay for blue state profligacy.

May 29, 2010 11:37 PM

Why 2%?  Because these people are CLUELESS FUCKING IDIOTS.

They don't KNOW anything because Economics is NOT A SCIENCE

May 29, 2010 11:53 PM

TOD was really among the first of this breed

May 29, 2010 11:56 PM

Fuck cheap energy dude...all we need is perpetual motion and antigravity.  Free energy.

It's obviously being kept from us by those Laws of Thermodynamics.  Why can't we just freaking repeal them?  I mean, think of the fking children!!!!!1

Our dreams are the only limits facing us, not physical laws or math.  Reality will do us the favor of conforming itself to our wishes if we just focus them strenuously enough.

May 29, 2010 3:11 PM

There is no such thing as a fiat commodity.

Nobody proclaimed gold to be of value.

Take it off your hands...for WHAT?

Idiots like you think art is worthless, as well as diamonds. The industrial utility of diamonds warrants a low price, which is what the vast majority of diamonds fetch.  The large, clear, flawless ones somehow manage to talk people into paying more of their work for them.  And they always have.  Rubies and sapphires?  Same. 

May 29, 2011 1:17 PM

"regrettable collateral damage."

I'm sure there must have been at least ONE legitimate target in the WTC on 911, no?

It's all just a slippery slope

May 29, 2011 1:20 PM

never impute conspiracy to something explicable by incompetence.

Someone in Intel was trying to make their career by busting his "cell" here in the USA.  They knew he was a terrorist; they listened to his dad and all the rest of the crap.  They were hoping they could follow him here and make a big splash with his contacts in the US.

I mean, think about it- it'd be UNPRECEDENTED for them to actually bust some terrorists, wouldn't it?  Because they haven't busted a goddamned ONE, besides lone disgruntled tools of whom the cell was 3/4 FBI agents and one ME fall guy.

Instead, they almost made the plane splash on the tarmac.

May 29, 2011 10:45 AM

But without agencies like FNM/FRE, the USPS, and governments everywhere, the artificial black middle class would collapse. That would be a "crisis" and can't be permitted to happen. There is nothing that shouldn't be sacrificed on the altar of diversity

May 29, 2011 11:19 AM

nope...if deflation becomes severe, people will liquidate USTs for cash.

The government cannot run a policy of massive deficits in a climate of cascading bankruptcy.

Deflation like this leads to currency collapse; which is why it's confused with hyperinflation.  One causes the other.  Massive debt overhangs lead to eventual bankruptcy of the sovereign and at that point the safe haven trade becomes a graveyard.

May 29, 2011 11:25 PM

handed out by whom?  The Fed?  They printed it.

How many vouchers?  A ton.  The wars, the entitlements, the welfare to parties large and small, half the populace net recipients.  How in the hell is this supposed to work?

May 29, 2011 11:29 AM

wtf is wrong with sterilizing half the human race?

Nobody would die, there's no pain, there's no suffering...there is LESS.

ponzi pumpers lose out, but the environment, QoL, everything for everyone else improves.  Crowding is solved, pollution, a lot of diseases, etc.

Instead of trotting out your ZOMG THAT RAYCISS bullshit, why don't you try using logic for a change?

I know why you won't.  It's because you WANT catastrophe; you hope to use your miserable little silver stash to become a future slumlord.  You've said as much.  You are a loser who sees his stupid little bugout farm as his chance to finally be king and extract his pound of flesh from "the masses" who are starving.

You announce ALL THE TIME that collapse is coming and that zillions will die; where the fuck is your optimism there, moron?  You don't want solutions, you want misery, frickin misanthrope.

May 29, 2011 11:30 PM

Sterilize YOU.  God forbid you ever pass on those genes.

Ask Cliff Mosely-claven...just GROW.

Problems in finite headroom?  Miracles. Unicorns.  "as of yet undiscovered" technology.

Just keep growing.  Try to replicate easter island, just pretend there's always a solution, just grow.  Grow grow grow, fuck the math.  "Someone" will just figure out a way to make the finite stretch a little longer.  Fuck Bartlett, fuck Newton, fuck everything.  Just grow grow grow grow grow.

Sterilization isn't extinction, you fucking idiot.  It is the opposite.  We manage the populations of animals in shrinking habitats all the time, otherwise they live miserable lives of starvation and disease.  Filthy pigs like you WANT this, so you can lord your fucking silver and farm produce over them.

You are a sick, misanthropic would be SLUMLORD.

May 29, 2011 11:33 PM

Despite the protestations of a lot of the idiots who objected to what I said, I never placed the blame on Section 8 people.  In fact, I merely ANALOGIZED to the riots in Greece.  It's the SAME effing situation.

The fundamental POINT of what I wrote was to call attention to the ills of letting userers infest your country.  They promise everything to everyone.

So we get the world cop military that's strong and huge and shit...free.

We get entitlements...free.

We get vouchers and an entire government devoted to welfare of ALL kinds, to rich, poor, middle, CEOs, banksters, bums, everyone...free.

Yeah, it's ALL FREE until the interest comes due.

May 29, 2011 11:34 AM

there's a good bit of scrap that can come out of hiding.  Ag production hasn't peaked yet, so there's a good ways to go

May 29, 2011 12:06 AM

yep.  I outdress all my coworkers, many of whom dress slobbishly.  I wear Brioni and Kiton suits, which make me look like a banker, according to my family's orthodonist.  Surely overkill, but I abhor cheap suits.  Better to find good deals and have a good tailor.

It puts out an air of respect and having your shit together.  People treat you differently.  It intimidates them, commands respect.

Let the slobs be slobs, I don't care.  I've been on project teams where certain guys wear suits everyday while others go tie + shirt and the suits seem to convey professionalism even where there is no intrinsic merit.  The suits rise to the top.

May 29, 2011 5:08 PM

WTF are they in rage over?  That their lifestyles were a fuckin illusion?  That they produce nothing and yet expect everything?

WTF do people who pay no taxes but yet reap generous benefits expect?  This crap is no different from our Section 8 voucher riots.  Obama gonna pay my mortgage, Obama gonna pay my gas.

People are going to see the downside of letting your used-to-be-simple country get infected by usurers.  They promise you everything and people line right up to sign the future away and then the rug gets pulled.  Many a fortune was made lending against freed slaves' sharecrops.  Give 'em that little taste now, Rent-to-own and the compound interest function lets the lender get rich doing NOTHING.

Think about our society...the real costs of owning a home or a car or going to college.  Students don't come out "50,000" in debt, they pay three times that over the lifespan.  The real costs should include all that capitalized INTEREST and all the interest over the life of the loan.  Same thing with "buying" a house.

May 29, 2011 5:10 PM

He shoulda been brighter than to rape the maid, then

May 29, 2011 9:40 PM

of course, everything is a conspiracy.  It rained today, I blame "TPTB" in a "false flag."  The Joplin tornado was obviously HAAAARP as were the runs I had after Taco Bell the other night.

And because I read an article on a website, of course I am totally right.

May 29, 2011 9:46 PM

the usury clan NEVER learns do they?  Pathologically self-deceptive.  Even the deaths of millions and no introspection...wow.

May 29, 2011 9:56 PM

is everyone ignorant of Argentina's history at the hands of international finance capital?

Fuck, they DID sell off all the State assets to the favored bidder, never the highest.  You had deep pockets like Petrobras trying to purchase O&G assets at market and yet the assets went for 1/3 to favored bidders.

The fuckin Presidents, Menem and de la Rua, had to be escorted out by military choppers because they took billions in suitcase money.

The elites WILL SELL the country out for their own benefit.  And their replacements will HONOR the contracts because they understand that this is how THEY TOO get rich.

Only once a Hitler comes to power, be he in the form of Putin or Chavez or Castro or any of a number of tinhats, does this crap stop.  And then they isolate him and practice economic and armed warfare, insurgencies, destabilization, etc.   They let nobody actually get an army anymore to go into Sudentenland

May 3, 2011 1:01 PM

SeALs don't normally do this type of mission in any event.  Another org unit in socom.

And yes they might divulge this info if they thought it served their purposes

May 3, 2011 1:05 PM

why would anyone assume that this photo was from during the op?  They as well could be in a boat or in a helo for this shot

May 3, 2011 1:06 PM

there would be no .50 cal rifle trucked into that kind of fight...the notion that someone shot him close-range w/ a 50 is absurd

May 3, 2011 1:13 PM

look at the pic again and particularly the lighting/shadow gradation on bama's face and tell me that it doesn't look as if he were photoshopped into the pic.

Everyone else is in work clothes, has work materials, etc.  He's just sitting there off to the fucking side??  In a photo everyone KNEW would be released for maximum political capital?  You mean to tell me for a moment like that you wouldn't want to look like Ronuld Raygun in that blue suit, no overcoat, simply towering over Gorbachev in Geneva?

During the speech the other night, it looked as if he wasn't even aware of what had happened; he was learning about it as he was reading the speech.

May 3, 2011 1:18 PM

enough with this "SEAL TEAM" shit...ok?

SEAL is just a catchall that they use.  The operation would have been Delta which isn't 'officially' acknowledged.

This photo doesn't have to be exactly where he was shot either

May 3, 2011 1:19 PM

if by that you mean you couldn't hit the nail but could put lots of big holes in the wall, then it is an accurate analogy.

May 3, 2011 1:29 PM

yeah lol.  Was listening to talk radio people blather about how innocent we are.  The US is the ultimate passive-aggressive nation these days.

We have thousands and thousands of troops all over the world, literally occupying foreign soil, above the law.  Imagine if China had a freakin base in your state and you'd see Chinese troops driving around, red stars and everything...it's inconceivable.  Yet here we are projecting a military posture to the world and someone brought the war we said we were in to US.

And everyone cries???  The russians, germans, brits, french, japs know the reality of war; they had it brought to their doorsteps.  And the first time anyone smacks us in the mouth for the fight we have been saying we're in and it's an orgy of tears and self-delusion.

THIS IS WHAT WAR IS.  911 was an act of war in a war by warriors.  Stop bellyaching and shit, especially when the mounds of the slain in the nations we've invaded have been casually written off by the DOD as "regrettable collateral damage."  We drone strike houses for ONE "high value" target irrespective of how many innocents are inside at the time.

May 3, 2011 1:40 PM

Silver getting CRUSHED again...how much more money are you lemmings going to lose by listening to the shameless pumping of idiots like tmosely-claven?

May 3, 2011 10:43 AM

most of these states are absolutely FUCKED

May 3, 2011 10:43 PM

so I take it that $60 is out for next week?

May 3, 2011 10:50 PM

how can you still be showing your face around here, cliff, given the thousands of dollars you have cost gullible sheep who bought into your BUYBUYBUYBUY "Silver to $60 next week" calls when the RSI was 88?  You know, the can't miss trade that blew the fuck up in your face?

May 3, 2011 10:50 PM

well it's rs in portuguese but LOL works almost everywhere

May 3, 2011 11:02 PM

and none of that shit will burn, will it?

May 3, 2011 11:07 PM

So says the "expert" who said we'd be at 49 at the end of the week and was recently calling for imminent $60 handles?

You EPITOMIZE amateurishness.

How much more money will people lose with your stupid advice?  I suppose it is good though that they learn this hard lesson that you are an idiot who is not to be paid any heed to on anything.

May 3, 2011 12:34 PM

would be consistent with his stuttering victory speech replete with all the "I I I I did this, I ordered that, I took action."  He honestly looked like he was reeling during that speech and given that the action had taken place earlier, I was taken aback that he was not better-prepared for such a moment.

I also love about that war room photo how everybody else is dressed professionally as if they are, you know, WORKING, whereas Bama is in his golfing togs and they just threw a CinC jacket over his polo shirt.

May 3, 2011 2:02 PM

another lemming who got sucked in by the idiot pumpers...silver to 60 by "next week" buy buy buy buy...even with an RSI of 88, buy buy buy

May 3, 2011 2:36 PM

so, $60 was next week?  ROTFL

May 3, 2011 9:34 AM

Gross is just having trouble steering any yield into the trillion plus AUM...he wants easy street back

May 30, 2010 1:05 PM

nope.  Free energy would permit space travel and the ability to clean up any mess.

Free energy means that there is no limit to growth or upward mobility.

Don't confuse what we have with free energy.  There was no deepwater spilling when we had supergiant fields being discovered all over.

May 30, 2010 1:08 PM

Indecent exposure much?

Good way to end up on the offender registry; the JWs bring kids around to proseletyze.

I call bullshit

May 30, 2010 1:09 PM

This one's still not doin it for me.

You'll have to try harder if you want my validation and approval

May 30, 2010 1:16 PM

Yeah but buddhists don't invent useful shit.

Hate the west, hate the whites, hate the sociopaths, whatever, I'll take climate control and modern medicine and electric power, thanks

May 30, 2010 1:19 PM

CA leads the nation in bullshit production and GDP heavily stilted by real estate.

BTW, I never mentioned CA, because it is a 2-part state, one producer/exporter, and the other a libtard clusterfuck. 

May 30, 2010 1:55 PM

Real growth?

That's the problem...you guys are always looking for a "solution" that leads right back to growth!

Growth has STOPPED and contraction is the name of the game for the foreseeable future.  Any systems, monetary or otherwise, dependent upon continuous growth to exist are FINISHED.

We are exiting the Age of Growth, and are at a significant epoch, relatively unprecedented in human history.

May 30, 2010 12:07 AM

Hollow Men...study of serial killers.

But let's stick a fork in the freaking Potent Directors Fallacy that everyone on this site seems so infatuated with.

How many times do I have to say they kiss ass to get where they are?  Do any of you people work in corporate?

Ben Bernanke is just a fool, not a sociopath.

May 30, 2011 10:14 AM

ah...the joys of mercantilism.

May 30, 2011 10:17 AM

you mean capitalizing with debt spun out of thin air isn't a good idea?

All our money is based on debt and those debts are BAD.  People think that defaults lead to deflation...lol.  The money got spent; it stays out there.  Then the debts default and the money no longer has any backing

May 30, 2011 10:25 AM

eurozone in deflation due to default, which direction is the currency going?

Default in the sovereign regime leads to currency collapse, not the opposite.

May 30, 2011 10:31 AM

drachma goes to 0 then.

currencies are "backed" by debt, including sovereign.  When that debt shows as unpayable and defaulted, it's the same as if you backed a currency with gold in a vault and the vault was empty.

May 30, 2011 10:33 AM

not what happened in Argentina.

The vestiges of the political system preserved the cities because that is where the voters are.  Even in systemic bankruptcy and State default, there are still cards to play.  Never forget that.

May 30, 2011 10:34 AM

deflationists misunderstand "fiat" currencies backed by debt.

When the debts default, it makes the paper backed by them worthless not more worthful. 

King Edward did not cause the Black Plague, dude.

Declining credit is deflation...systemic and sudden default (which is INEVITABLY reached at some point in the deflation cycle) is the hyperinflation.

May 30, 2011 10:34 AM

the majority has been silent about the machinations of the minority.

May 30, 2011 10:36 AM

well we'd better do a humanitarian invasion right quick then

May 30, 2011 2:16 PM

Throughout history, major wars and strife have always followed banking crises.  The unwind of the confetti age is always ugly.

If you take a realpolitik look at things, the US is already developing its chess pieces for what those at the top must view as inevitable.

Usury is the bugler for the Four Horsement

May 30, 2011 2:27 PM

huh?  WTF garbage statistics are these?  4800 per hour??  That is 80 per minute, or 1.33 per second.  No average person could even form that many thoughts much less conduct the abstract reasoning gymnastics to restrain a criminal impulse with the logic of gun ownership statistics (of which nearly everyone is IGNORANT).

Hell, I'm as anti-gun control as they come and even *I* do not have any clue about the statistical distribution of gun ownership in my neighborhood or city, which is in a shall-issue state with instant check.

Fuckin aliens!?!  Please tell me this was sarcasm...

May 30, 2011 4:12 PM

depends upon if the banks are charging a higher rate than the background.

That sucks debtmoney out of the system.

The problem we face is that our currency is backed by debt, but the debts are unpayable and defaulted.

May 30, 2011 4:17 PM

it's possible for you to grasp that production ratios of materials may change, right?

May 30, 2011 4:19 PM

that would be $500/bbl oil and $7500/oz gold...against wages still paid as if $20 was still $20

May 30, 2011 5:26 PM

wages haven't kept up for the past 40 years, dipshit

May 31, 2010 1:18 PM

Who knows what really happened, but there had to be a more appropriate and lower-risk naval engagement solution to this ship.  Maybe outsource to some somali pirates as these downtrodded and oppressed entrepreneurs get the bleeding heart lib nations to give up their ships just by shouting at them from rowboats it seems.

May 31, 2010 1:26 PM

You're absolutely right!

Gosh...it's so simple.  They need to PRINT MONEY and turn Cantarell's production right around.

 

May 31, 2010 1:30 PM

yeah, but what are the ordinary lower rich to do?  Can't afford 4ct VVS/D diamonds.  Platinum, gold, silver, palladium, copper...I mean there are any number of things which can be stockpiled.  Even coal if you have a big enough hopper for it.

May 31, 2010 1:36 PM

Douchinger goes through his same old spiel.

I argued against this shit before one of the times I got banned from TF.

He desires to place his "wealth" in the notes of a bankrupt State, that is his prerogative.

The future is not going to be about credit anymore; it's going to be about the real.

May 31, 2010 1:47 PM

Every single deflationist has announced their intention to get out of paper and into real at the height of the deflation.  All of them.

There won't be a return to growth; there is no recovery.  Energy supply has peaked and EROI continues to decline; this is ALL you need to know.

All the fucking paper money in the world will not turn Cantarell's production around.

Debtmoney was always a claim on future production and, necessarily a GROWTH in said vis a vis that of today.  We have hit an inflection point in world growth.  We need LESS debt.

Anyone overlevered - that includes ALL the sovereigns - will be crushed by deflation.  Crushed. 

The FRN is a debt instrument...what is a loan worth if it promises to pay 10% coupon in a year and there's an asteroid about to hit the earth next month?  0.

The FRN as a means of payment, what it represents, and how it comes to be in existence is being DISCOUNTED against real things.

That is what idiots like you and Douchinger DON'T GET.  ALL debt instruments are being discounted to reflect a future of INABILITY to repay, and they are being repriced downward with respect to REAL things.

Credit-inflated "assets" such a real estate, will continue to decline, because these have "value" only in the sense that growth can continue and they can produce income.  Real things not conjurable into existence will not.  Houses are not gold and they are not oil.  Oil must be mined from deep within the earth.  Houses are made in factories; they are manufactured commodities now.  The homebuilders' vertically integrated models could conjure another 1MM houses into existence virtually overnight.  The same CANNOT be said of real commodities.

This is the essential difference between them. 

Gold is not special compared to other physical commodities who cannot be conjured into existence.  Gold is not "money" in the absolute, either.  It is merely a convenient and liquid commodity to translate paper into that is highly UNlikely to lose its value overnight.

Any of you who wish to stockpile your wealth in the notes of a State with our balance sheet, by all means DO SO.  You will join the legions who had Argentine pesos or Cruzeiro Reais or USSR Rubles.  If you wish to stockpile in the form of negative interest rate loans to insolvent institutions (bank acct), DO SO.

The reason fuckers like Douchinger and the deflationists CANNOT reconcile their own lyin eyes against what standard deflation models predict is twofold:  they do not understand the nature of debt, and they do not recognize or accept that we have entered a phase of worldwide aggregate contraction.

I got banned the other 4 times from TF for Peak Oil arguments, another thing Douchinger cannot bring himself to believe in.  EROI curves and the impact of consumption-per-capita being roughly = wealthy seemed to go right over his head.  I have no time for people unwilling to learn.

May 31, 2010 1:51 PM

No, jackfuck, it was because world all-liquids production peaked in 2008.

Gold is in production decline; I continue to maintain that THIS ALONE accounts for its price performance over the past 10 years.  Au production peaked at virtually the SAME TIME as its price began a march upwards.

The reality of the future is that there will be LESS gold, LESS oil, LESS helium, LESS energy.

This puts things ALREADY in existence at a PREMIUM with respect to things PROMISED or PLEDGED to be in existence in the FUTURE.

Life has entered backwardation, got it?

May 31, 2010 10:05 PM

Again, WTF GOOD is ammo!??!

It's EVERYWHERE.  There's no place on EARTH where ammo is in short supply.

Water?  LOL..how about antibiotics?

A SIMPLE infection used to KILL PEOPLE pretty frequently.  WTF are you worrying about ammo for?  If it comes to a shooting match, you will NOT survive ONE bullet wound.

May 31, 2010 10:07 PM

TF has ZH penis envy.  Clearly

May 31, 2010 10:10 PM

Then the ultimate guarantor of the FRN, the US Gov't, will collapse.

It's as simple as that, dude.  Really.  The FRN is a DEBT which CANNOT be repaid, ok?

Deflation is a SYMPTOM of a contractionary aggregate economic climate!  It is NOT the cause, it is an effect!

May 31, 2010 10:13 PM

The FRN is a debt-encumbered asset.

It MUST be discounted; the entire MONEY SUPPLY is debt and MUST be discounted in the face of the inescapable conclusion that the future holds an INability to repay debts!

ALL debts are being systematically discounted by the market despite the CBs' attempts to make otherwise.

This should occur in FRNs, USTs, CDOs, ABSs, everything that is a promise to pay some amount PLUS interest in the future!  Real things not conjurable as manufactured commodities are seeing across-the-board upward trends as priced in now-discounting debts.

May 31, 2010 10:17 PM

A good real-world story of a civil war.

However...we make ammo here.  Ammo is not hard to come by in non-blockaded nations.  Bosnia was under NATO blockade and bombardment, as well as muslim aggression.  In Pakistan or Afghanistan or Iraq, ammo has not ever been in short supply.  The conditions vary.

I would not expect ammunition to be in short supply in the US, one of the world's largest manufacturers of it.

May 31, 2010 10:20 PM

this is just idiotic, man...simply stupid.

The USG is INSOLVENT.  It can only sustain its OWN interest payments via MONETIZATION.

There isn't enough REAL economic activity to service the debt and continue to accrue more.  It's like you and Douchinger cannot do basic math!

Deflation will crush the USG...this is precisely WHY they are trying to ENGINEER inflation, got it?

They WILL succeed, if by BRUTE FORCE devaluation.

May 31, 2010 11:06 PM

USD will not collapse...why?

Because we currently have an unstoppable military?  LOL.  Oil supply is in decline, my friend...the trend is being dictated by nature now, not us.  Mother Nature bats last and she has vicious opposite-field power.

May 31, 2010 11:16 PM

Douchinger is a fool.

Re-read the Bosnian's take on it.  Farm...check.  Guns...check.

Got RAN OFF OF IT by superior numbers and tanks.  Karl is in the Redneck Riviera...he may find his outfit uninhabitable due to an oil slick!

This is why I tell people if you *really* expect TSHTF, follow the HEAT rule:  do not invest in anything you cannot walk out on in 30 seconds flat if you feel the Heat around the corner.

May 31, 2010 11:28 PM

I can answer this one.

It's easy if you think about it.

Deflation kills those in debt.  Who is the most indebted entity on the planet?  Who requires the Fed to intervene in sovereign auctions to prevent collapse?

Who is that entity and ALSO has tanks and guns and the power to force the banksters at gunpoint to print if it suits them?  Deflation will destroy the .gov.  There is no sane mathematical way around this fact.

May 31, 2010 11:40 PM

OK, this is not hard stuff for either GG or Douchinger to grasp.

The FRN is not money.  It is a DEBT instrument.  FRNs only come into existence via borrowing.

Now, what IS the national debt?  A promise to repay FRNs in the future plus MORE FRNs.

How in the HELL does this SQUARE UP with deflation?  I fully REALIZE that the broad fall in monetary metrics is deflation, that the implosion of debt by default is deflation, that various price trends are evidence of deflation.

But this situation does NOT add up...the government is on the hook to repay with FRNs that deflationists claim are becoming scarcer and more valueful...it sounds an awful lot to me like the USG is basically, mathematically fucked.

Insofar as debt is a claim on the future and with it, that interest compounding component, which represents a PREREQUISITE growth rate in aggregate production and borrowing to backstop it, if the future now is seen or suspected to hold LESS...not growth but actual contraction, then how in the hell can a DEBT instrument like FRNs or USTs or anything, which represent the OBLIGATION to repay not only principal but interest, NOT be discounted to reflect the new reality?

Let's phrase it like this:  I owe $100k in revolving credit and I just lost my freakin job.  What are my loans worth???  Sure as hell not par!  They HAVE to be discounted.

The FRN *itself* as a condition precedent to its very EXISTENCE, requires/mandates/obligates repayment of itself PLUS more.  If this doesn't square with reality because aggregate contraction is upon us, the FRN *itself* as an entity must be discounted like *any*other*debt*instrument.

That said, gold is NOT money in the absolute.  It's a real asset.  It has attributes just like coal or oil or wheat or iridium.

What is occuring in the POG is consistent MERELY with a decline in production which occurred consequent to Gold's peak year in 2000.  Against level demand we should see a rise in price, simple as that.  Nothing magical.

But, there is this undercurrent of repricing of promises and debts against what is real going on; you have to be blind not to see that.  Life has entered backwardation.

May 31, 2010 2:18 PM

Fernanda Montenegro is a brilliant actress...brazilian cinema remains a well-kept secret

May 31, 2010 2:21 PM

You are absolutely correct.

Gold IS NOT coextensive with "currency."

May 31, 2010 2:26 PM

seen this a MILLION times.

They hate me more because I tell them that I told them so, but there's this creeping envy that you were right and they were not.

They want people around who were dumb and clueless like they...an ego thing, methinks.

May 31, 2010 2:33 PM

They're going to be pimping you and your daughters, because obviously they're so tough and unstoppable that nobody could stand up to them.

As you don't have any PMs, what are YOU going to trade w/ MS13?

Besides, the gold dealers in all the 3rd world cities are never gangs, they are jews or other banker types.  Argentina and Brazil have lawlessness all over, gold still trades for whatever the current local paper is.  FACT.

And it could be a painful one for people like Douchinger.  Gold jewelry, silverware, etc., survived the cruzeiro real and the argentine peso, as did bullion.  FACT.

For Douchingites to be right, REAL madmax has to come, as in zombie apocalypse.  If that happens, it won't MATTER what you have!  The zombies will overrun and kill you within days or you will succumb to cholera or a minor  bacterial infection.

Only a FOOL would look at the present economic climate and the US's debt sheet and NOT see a REAL risk of impending sovereign default.

Some moron here says don't buy insurance while the house is burning...it's not really afire yet.

May 31, 2010 5:07 PM

Yeah, just like Argentina, the USSR, Brazil...Zimbabwe.

Hyperinflation ALWAYS comes from a "red hot" labor market.

Oh no wait, it doesn't.  It's the opposite.  The reality is that not one "economist" in a million knows shit about inflation OR deflation

May 31, 2010 5:18 PM

move that hand and hold a sign sayin "hi Trav" so we know it's really you

May 31, 2010 5:20 PM

Now that's really a bit much, don't you think?

May 31, 2010 5:21 PM

the pic suggests you are not without assets with income-earning potential

May 31, 2010 5:25 PM

tough for a chick?  Like how, you can't add or something?  Buy on the internet, same price M/F

May 31, 2010 9:12 PM

Got banned once from TF for saying the Fed *would* "put the gun in their mouth and start some form of QE/printing."  He said they wouldn't.

I sent him an em sayin "i was right, you were wrong, gonna unban me?"  Of course not.  lol.

He's a paper pusher who doesn't work, depends upon "capital markets" for his trading livelihood.  Made his money in of all things the fucking .COM BUBBLE.  Dude's entire LIFE revolves around the bezzle.

May 31, 2010 9:23 PM

I came up with this theory when I was in college and struggled to explain it to anybody.  The end is the beginning....the necessary consequence of this is that all things, even god, must face oblivion in the end

May 31, 2010 9:28 PM

I'm going to shit all over this list.

Only the people *without* gold have to stick around to endure this life.

Those with are the types who bribe their way across the border and run.  Almost NONE of this stuff is portable.  In a crisis you only own what you can CARRY with you.

May 31, 2011 11:15 AM

lol...for how long?  Sure, there are people who get some work in a house, but people cannot just keep fucking buying houses.

The market is effing saturated...who are these realtor idiots?  Everyone who was creditworthy bought and a hell of a lot who weren't did too.

May 31, 2011 11:21 AM

NE?  LOL, no....get it right, SE.  In actuality, DC is now gentrified; places that were offlimits even 10 years ago are yuppied the fuck out.  Everything up to Capitol St is now redeveloped.  Used to be 14th was a ghetto, but even the homeless shelters there are now anachronisms.

A rich lobbyist I know, in the depths of 2008, said that he had been hearing all this stuff about housing crash on the news but "he just didn't see it."  All of his friends and circle were full speed ahead.

I didn't have the heart to tell him that it was because he was a dirty rich plutocrat now, not the Democrat activist he still saw himself as from the mirror of one of the many bathrooms in his $10M house in McLean.

May 31, 2011 11:26 AM

well, this may come as bad news to people but this housing shit was in a bubble, not driven by fundamentals.

There's no reason for housing to have gone up like it did other than too much credit and too much bullshit.

Prices need to get down to where justified by supply/demand and affordability

May 31, 2011 8:29 AM

it's all a bunch of imaginary confetti...maybe they're afraid the debt above ceiling will be repudiated as illegal lol

May 31, 2011 8:33 AM

Some kind of a joke, bitchez?

May 4, 2010 10:27 AM

Gosh, retarded.

Your life will be very, very short if it comes to that.

GD, peeps, you guys don't read the news from south of the border or from the favelas or from Colombia?

Unless you plan to form a militia like the Taliban and basically ruthlessly murder people, your guns and ammo aren't going to be that useful.

If it comes to freshwater and land, you're going to be on the receiving end of 30mm cannon fire in your compound from an Apache.

May 4, 2010 10:36 AM

Yes, real life is just like Call of Duty.  You get shot and regenerate.

Everyone will be armed because everyone else is going to steal from them if they aren't.  And the stealers won't be armed.  Because they are mindless zombies.  No group of thieves will come with overwhelming force because thieves aren't smart like that.

There won't be warlords and drug gangs and large militias and the army around.  It'll just be you, the Postman, with your AR15 fighting off the vast unarmed zombie hordes coming for your arable land and Honda generator.

In post-SHTF - honestly wonder if any of you people even think during a given day - what happens to you if you get shot ONCE by a .22?

You die.  Maybe not that second, but you will most certainly die.  Because there won't be any medical care or antibiotics in SHTF.  Consequently, YOU and EVERYONE ELSE will AVOID armed conflict like wild predators avoid fighting.  One scratch or minor wound can get infected and then you die.

The best armed animals in the world do not fight each other or take risks like this because they know the consequences.  Only idiots do it, like in the Civil War.  They end up maimed or dead.  Missing limbs.

If guns become necessary in SHTF, then there is no point in being alive and it won't matter because you won't be for long.

Place your faith in cooperating with your fellow man and in trade, for which gold is an answer.

That is what the goldbugs hope for, TRADE, society and cooperation.  If we REALLY end up "needing" guns and ammo as "precious metals," then we're all finished.

I plan to GTFO and let all you wannabe Postmen shoot each other.  I'd rather have wealth that is portable rather than a bunch of firearms of which I can perhaps carry ONE along with how much ammo?

Gotta love those stockpiling hundreds of pounds of ammunition.  How you gonna carry that if you need to abandon ship?  You gonna hole up like Omega Man?  Well, the bad guys don't wear sunglasses in this version of the movie.  They all have bigger guns and there's more of them.

Ask an operator how useful a bunch of guns are on an operation.  It's a lot harder when you have to CARRY all your own ammo and the arms too.  Which would you rather carry...50lbs worth of ammo or 50lbs worth of platinum?

May 4, 2010 12:23 PM

Douchinger is a paperbull.

The government will not slash spending by 75%.  They will print more dollars; this is always the course.

May 4, 2010 12:26 PM

We'll know by watching the POG.  If its currency-weighted price stays aloft, then what you are saying is correct, and is what I have suspected for some time now.

May 4, 2010 3:36 PM

We were all on TF in 2008 and talking to other shorts when TARP came up.

We all pretty much agreed that it was to liquify the PDs so that they could roll the next year's debt.  We didn't see them getting past 2010 with it.

Either the Fed cracks open its balance sheet or else the sovereigns are DONE within the next few weeks.  There isn't enough real capital out there to maintain the facade that treasury auctions have become.

They either print it or we are dead.  If there weren't mystery directs showing up with capital from god-knows, it'd already be over with.

Somebody please tell me some plausible explanation for where the billions and trillions the Treasury needs soaked up is coming from.

May 4, 2010 8:40 AM

lolChina.

Why do we even pretend that they are a cooperative player in int'l trade?

May 4, 2011 1:01 PM

yes I believe it is likely that Pakistan was harboring him, perhaps shielding him as well

May 4, 2011 10:16 AM

Jeez...is it so hard to figure out what happens when you just have a price spiral without the wages?

Shit costs more, sales go down...eureka?

May 4, 2011 10:29 AM

Welcome to life post-Peak.  A constant state of economic crisis.

Well, yes, CRISIS.  The growth machine requires nonstop MORE of everything and we simply can't do that any longer.  So the machine is thrashing.

As our money is debt and debt's viability rests upon a future of principal + interest (aka, "more"), it must be discounted to reflect the reality of a future of less.

The bernank and the rest of the economist idiots were hoping that they could "stimulate" more oil out of the earth via shit like interest rates.  No dice.  Next time they should try stimulating gravity lower or maybe make the sun stay up longer; it'll have the same effect.

I mean wake the fuck up people...gasoline is FOUR dollars per gallon now.  Given that wages have gone down for regular people for decades, how the fuck much longer before REAL choices have to be made, household-by-household, on how much "GDP" they can generate?  The elites can just print fresh dollars for their gasoline (sort of how the USA has worked vis a vis other countries since the 70s), but the regular folk cannot.

People who are kvetching over the dollar's decline as if the QE *now* is responsible????  Pull your heads out.  Decades of systemic, megabillion $ trade deficits have created massive amounts of dollars everywhere.  Without the petrodollar, our FRN would have collapsed 30 years ago.  That is what the gold and silver spikes back in the day were ABOUT and the runaway inflation- the FRN was IN COLLAPSE.  They only rescued it back from the brink via unholy alliance with the House of Saud.

The dollar legitimately SHOULD BE far lower than it is given our trade balance.  Any other nation with our trade picture would have a literally worthless currency now.  Think about that.  I mean look at current accounts deficits worldwide...we're so absurdly #1 in the negative, and we're down there with all the other western states.  Also look at AUD and CAD sitting down there, these supposed strong currency resource exporters- they've already SPENT their surpluses.

May 4, 2011 10:59 PM

no, he said gold made a good doorstop.  Now that may be utterly stupid, but it IS original!

May 4, 2011 11:01 PM

that episode sucked.  Because they killed the chick with the big tits

May 4, 2011 11:13 PM

throw some dollars at Ghawar

May 4, 2011 12:52 PM

2 details not mentioned in the article....1 is it was close to the capital and ISI and lots of military folks.

2 is that it was close to the capital and ISI and lots of military folks.

May 4, 2011 12:54 PM

the Israelis?

May 4, 2011 12:55 PM

murderer?  You mean like Harry Truman?

May 4, 2011 12:58 PM

look...the ISI and CIA are not friends.  The ISI is the real terrorist organization behind 911, the Taliban, and Mumbai, along with others.  The taliban was and is merely their foreign policy arm in the manner that Hezbollah serves as Iran's proxy

May 4, 2011 3:01 PM

and WTF exactly is WRONG with that????

Panic on an airplane is as useless as tits on a boar!  There's nothing you can do...they should put weaponized lorazepam in that feed just to make sure.

May 4, 2011 3:02 PM

wtf would it matter if COMEX failed to deliver???  Do you guys GET YET that they are an EXCHANGE and not a producer?  It's not THEIR metal...the metal is owed by those with SHORT positions, not fking COMEX.

The warehousing and delivery function is a LEGACY service and an anachronism at this point.

May 4, 2011 6:59 PM

Haven't you guys seen the latest news?

A fucking 12 year old kid in the neighborhood was hanging out with them, they even gave him a couple of rabbits to take care of.  He'd go over to their house apparently all the time.

YOU TELL ME that motherfucking nobody KNEW that OBL was in this "hideout."  A goddamned neighbor boy knew him!  As this was an area of apparent means, you have to wonder whether or not EVERYBODY knew wtf was up.  This shit stinks to high heaven.

If a fuckin neighbor kid knew OBL was living there and met him a bunch of times and got pets from the dude, how the fuck could the CIA or ISI have NOT known?

May 4, 2011 7:01 PM

A neighbor kid has just gone on video talking about how he knew the OBL family.  This was the apparently worst-kept secret in the area.

But...but...we had to gitmo waterboard people to find out?

May 4, 2011 7:07 PM

you don't think they're going to "leak" them?  Seriously, now....

we're already getting photos and stories out the yin yang.

NOW it turns out that OBL was known well enough in the neighborhood that a fuckin 12 year old is saying he used to hang out with the family at the "compound."

You connect me some dots here...the whole thing stinks.  Yeah, they shot OBL; seems to be enough evidence of that now.  Wait till it turns out that everybody in the whole fuckin city knew he was there.

This spells I-S-I

May 4, 2011 7:09 PM

it's going to turn out that this was a one-way firefight.

The 12 year old says the security was laughable..."they had one camera out front."

We've seen this compound spun into Fort fking Knox and a local kid could walk up and ring the bell and the big man'd give him a couple of rabbits as pets.

May 4, 2011 7:11 PM

SOCOM picks its own weapons.

And this isnt' a SeAL mission.  Door kicking shit is Delta

May 4, 2011 7:21 PM

Biden knows only what he was told.

"Navy SEALs" is a catchall for SOCOM units some of which, like Delta, aren't even officially acknowledged despite having produced MOH recipients from Mogadishu.

Ordinary naval admirals are not in charge of the US SOCOM...it is an autonomous command.  Units like Delta apparently pull the top operators from GBs, MFR, SeAL, etc.  And, the CIA apparently has its own specops units as well.  Each special operations unit has its own proficiencies, seals do the water-based stuff, GBs do forward area insurgency, force recon is the guys who get inserted prior to nearly anybody, delta apparently specializes in these types of doorkicking operations, insertions, extractions.  The last time we tried a major swoop and grab operation like this was Somalia and it was a mix of delta and rangers.

The Seals are fine to receive all the credit for every socom operation and the entire command is fine with nobody really paying much attention to their specific missions.

May 4, 2011 8:20 AM

that's funny, because golddealer.com seems to have 10, 100, and 1000 oz bars available.  Eagles, Leafs, Phils, you name it...in size.

WTF do you mean these people who sold physical won't be able to get it back?  There is NO SHORTAGE, you fucking liar.  If someone dumped 1000 oz at 49, they could buy it back RIGHT NOW for $8000 less!

You are the ultimate bullshitter and create nothing but bagholders everywhere.

And IF you had balls, you'd be a man!

May 4, 2011 8:27 AM

don't be a douche...people advising caution at $49 were not trolls...they were RIGHT.

May 4, 2011 8:28 AM

you haven't made anybody millions, cliff.

Least of all yourself.  Losers like you NEVER get rich, because you are only right like a broken clock.  Now it's "oh I was just COMMENTING on the rate of rise."  Shameless, cliff, just shameless lying and prevaricating.  Now it's that you were never making price calls, you were just "observing" all along, huh?

I don't know how you can show your face around here as shamelessly as you've been pumping a bagholder trade like this.  There are probably people around here who are 1000s underwater due to listening to the silverbug bullshit telling them to buy at ANY price, trumpeting imaginary physical shortages, and calling for the imminent end of the world.

May 4, 2011 8:32 AM

welcome to the club...but you are on the C list still

May 4, 2011 8:37 AM

yes...silver was grossly overbought.  It is probable to go down.  And it has.

I don't know where you get the rest of this bullshit in your binary worldstate, because NONE of the people who said silver was overbought EVER claimed that COMEX was legit and all the rest of the nonsense you are ascribing to them

May 4, 2011 9:59 PM

china RE bubble starting to invert...perhaps run to hills time is getting near

May 5, 2010 1:10 PM

Yes; they will have to reopen the swap lines.  The swap lines however are just Euros for FRNs via the CBs.

As FRNs only come into existence via borrowing, if nobody can borrow because nobody will lend, you have an apparent shortage of dollars in an environment where the world is awash in them.

Perhaps this is the plan with the US banks sitting atop trillions in reserves.  We still have the seigniorage rights as a continuing legacy of Bretton Woods.

As long as we can continue to buy oil for the FRN, we are ok.  At any point if an exodus to hard international barter settlement erupts, it will be over for the FRN nearly instantly.

May 5, 2010 1:23 PM

Agree with you up until you said that the electorate will stop the printing.

The electorate will DEMAND IT.

The USG cannot exist in deflation, nobody levered can, not the banks, not the States, nobody.

Deflation kills ALL levered parties.

Remember the GD1...devaluation.  Remember Weimar...devaluation.  The singular lesson from history is that monetary debasement is ALWAYS the recourse for excessive indebtedness.

They are actually suggesting Greece exit the EU and reissue then debase the drachma.  It's the Plan A to avoid default.

Political opposition may gel, but its first act will be to repudiate the debt.  What this does to the national currency is drive it to the grave.

May 5, 2010 1:26 PM

Naw, there's no conspiracy, just an apparent one due to concert of action of likeminded actors.

The Tribe at this level all know each other even if they don't.

Rubin said he met Richard Cohen for the first time and was hearing his father's voice.

It's clan nepotism and it must be stopped.

May 5, 2010 1:36 PM

Argentina's experience suggests you are much better off in the city.

Few reasons...the power will stay on there to quell unrest.  They have roads.  Cities have the most voters.  Environmental catastrophes affect one or two villages, who gives a shit?

Don't wanna be downwind of anything out in the country nor on the receiving end of the armed forces.

To the guns & ammo crowd who think SHTF and they can hole up...um, what happens when the local SWAT team decides it's going to do home invasions?  There are groups of guys gonna be around who did tours in shitholes together and faced live fire and did dynamic entries in Fallujah and shit.

Think about it:  if a group of say half a dozen combat vet marines decided today to go apeshit, even the entire city police force couldn't stop them.  Wonder wtf some guy with an AR15 is gonna do.

One nutty army guy with an Iraq infantry tour or two a year ago killed 2 cops and was a handful for even a large group of them.  You get SHTF and small units of these people?  Guns or not you do not wanna be in the middle of this shit.

May 5, 2010 10:02 AM

If the dollar really does rise in real value, the US Gov't will be destroyed.  Deflation kills the levered; that is an axiom.

All the banks and the sovereigns too will go tits up.

The problem with the 90 year trend charts is that they relied on credit growth.  The only route for that going forward is for the USG to borrow geometrically more and the only lender who should lend to them is the Fed.

May 5, 2010 10:24 AM

I agree.  Against the parabolic deficits of the USG, I see nowhere but UP for the FRN.

May 5, 2010 10:25 AM

The people you think are puppet masters are not evil geniuses, but rather, evil morons.

May 5, 2010 10:30 AM

Just go to Kitco and watch gold in all currencies.

So you get less FRNs for your krugerrand today but it held up pretty well against other paper.

Look at the yen pricing...sheesh.  Also up smartly today against the Real and the Rubble

May 5, 2010 10:36 AM

It's all well and good to point to others' insolvency when we are also insolvent but the reality is that we're trying to borrow money on a street full of insolvent borrowers.  It's not as if ANYONE has any real money to lend us and certainly not at THIS burn rate.

Our headline deficit last year was what, $1.8T?  Where in the HELL did that "real capital" come from?  If we take a look at TreasuryDirect, we see higher numbers than headline, nevermind what the losses on the Fed's sheet are.  In reality, it was more like $2.5T or so.

There is not $2.5T in free wealth surplus created sufficient to fund this at these rates.  And that's just LAST year.  Every year going forward.  It stretches the limits of credulity for anyone to suggest that there is this much surplus money out there just WANTING to seek a home at almost 0% ROI.

Also, the TIPS auctions....lol.  What's to stop the gov from just herding ppl into TIPS and then saying inflation is 0% when we see gasoline go up another buck?

May 5, 2010 10:38 AM

They will have to crash the market every month, then every week, then every day.  And inflate it back up on the same interval.

The amount of fiatscos sloshing back and forth will swamp the system.

I don't buy the theory that the PTB know what they are doing.  I don't see persuasive evidence than a single mainstream economist understands the implication of energy inputs or the possibility of the real world not cooperating with their wishes.

May 5, 2010 2:08 PM

well, we're going to need to see some shortable trend off of this other than forex...

The bond vigilante game is run by people like Sorass

May 5, 2010 2:12 PM

Yeah and you are the guy who hasn't had any fun, sitting around calling for the end of the world for 30 years.

I knew about peak oil in 2003.  My last car purchase was a VW Phaeton.  People asked me, look if you know about coming oil scarcity, why'd you buy a big V8 car.

My answer:  I want to live some while I have the option to.  There's plenty of time for austerity when it's forced upon you, which it will be.

It's better to burn out than fade away anyhow. 

May 5, 2010 2:16 PM

Perhaps it's a dollar crisis.  75% of world debt is FRN-based.

A rolling legacy of Bretton Woods

May 5, 2010 3:11 PM

They will until their own currencies are accepted for oil transactions and underlie 75% of world debt

May 5, 2010 3:26 PM

No question, true.

The slides would be more gradual instead of the piranha attacks

May 5, 2010 5:21 PM

It'll be the dollar's turn before too long...buy gold while you still can lol

May 5, 2010 5:23 PM

Madness that Spain will need a bailout....Madness??

THIS IS SPARTA

May 5, 2010 5:26 PM

MMA schools don't give out belts

May 5, 2010 8:06 PM

Agreed...but the rioting should be aimed at the kleptocracy political class who pocketed all the payouts that the debt was accrued for.  But I'm sure they're already in dollars or gold and out of the country.  When that hits here, I'm sure our bankster class will all avail themselves of their 2nd passports.

Greeks certainly need to work more but the government needn't have gone into this level of debt.

At any rate, I don't see this Greek shit as market-positive.  Greece has lived beyond means as surely as the rest of the West has and no more egregiously than we.

May 5, 2010 8:09 PM

Exactly!

And this is one reason that - a lot of people don't know this - but France wanted IN on the Iraq invasion at the outset.  They only refused when snubbed by Busch.

Combat experience cannot be gotten anywhere else but in combat.

The worst of all possible worlds is if this Army comes home and is used against the population here.  May as well throw away your guns.

May 5, 2010 8:12 PM

Yes with all profits going to the executives and not the shareholders.

Anyone who owns a business should pay their management 100% of the profits.  Just be happy to have some paper saying you own it.

I don't recall prices going down when production was moved to China either.  Seems like the shelf price is the same, but the tag has a different nation of manufacture.  Wonder wtf was the point from my perspective?

Oh well, got to get those executives paid.  They and their children really do deserve everything, just ask them!

May 5, 2010 8:17 PM

Russia? 

Nuclear weapons aren't a currency regime and that's not a winnable war.

Who gives a shit about anything if we start lobbing these things at each other?  If you told me that was coming, I'd trade everything I owned to be in South America with my kids and the shirt on my back.

May 5, 2010 8:22 PM

Would have been nice if the government had invested in this instead of WARS and bullshit, eh?

Bank bailout?  WHERE IS THE PRODUCTIVE investment in that!??!  It doesn't EXIST.

 

May 5, 2010 8:40 AM

But the US's spreads stay tighter than the high E on a gui-tar.

Nevermind our massive roll, deficits, obligations, BANKRUPTCY.

 

May 5, 2010 8:41 PM

So WTF...the US has a worse debt picture than France OR Germany. 

If Germany defaults, it will have to be part of a global jubilee.

May 5, 2010 8:43 PM

I can't figure that out either.

And WE are a flight to "quality"?  That's fucking absurd.  I mean how much of our GDP is completely bogus?

The US is eyes-deep in it too.

May 5, 2010 9:48 AM

Debt deflation is easily soluble by printing money.  Real economy, not so much

May 5, 2010 9:53 AM

This remains the bottom line...there isn't any money.

We continue to have massive auction after massive auction without a hitch.

Maybe destroying the Euro is our opening move in sovereign wars.  But, at any rate, gotta LOVE the ratings agencies finally being OUT AHEAD of this, eh?

They didn't cut Ambac or LEH to junk until after the stock zeroed.  But they're cutting Portugal and every peripheral country in Europe in advance, just to start the ball rolling.

This is an assisted avalanche.

May 5, 2011 1:53 PM

so you imagine that oil production can grow to infinity?

Second, wtf does the futures price have to do with the sale and purchase of REAL oil?  Nothing.  Real oil deals are inked between sovereigns.

May 5, 2011 10:01 PM

total bullshit...other reputable sites have it under 20k for a 500 box.  Call CNI.

You pumpers are shameless with your cherrypicking

May 5, 2011 10:08 AM

It's absolutely correct.

I have been maintaining this since I got here and before I was on ZH I was shouting the same stuff on douchinger's TF.

The financial system is a compounding animal requiring additional borrowing to grow geometrically from today's outstanding borrowing, or else it collapses.

The debtmoney system is in a state of constant effective default in that at any given point, more claims on money exist than there is money to satisfy.  This is by virtue of existing monies being outstanding principal but there also being interest owed in the future for which money has not yet been created.

So at any point, claims exist of Z1 + iZ1 and only Z1 debtmoney exists.  Either the future holds borrowing of the additional iZ1 or else iZ1 and Z1 begin to compete for the money supply, all while the iZ1 obligation continues to compound exponentially.  It's grow credit or collapse.

May 5, 2011 10:09 AM

Newton formulated the laws of motion, not Einstein.

May 5, 2011 10:20 AM

race is a myth...half orcs don't exist.

It's amazing how "racist" the wikia on these things is...back when different breeds of mortal humanoids had different average attributes.

May 5, 2011 11:00 AM

might be...but every other time we've seen this, the trend was reversed right quickly.  If you go short, keep it on a tight leash

May 5, 2011 11:06 AM

YES, cut all programs for smart kids and spend more money on underperforming minorities!

Oh and write your commissioner and tell them to raise the budget, but don't volunteer to pay for that.

May 5, 2011 11:12 AM

I don't bash PMs...I bash the shameless pumper idiots who tell people to buy into a grossly overbought market

May 5, 2011 11:16 AM

silver has been UTTERLY crushed...how many thousands of dollars have the shameless silver bug pumpers cost gullible neophytes who just came here for some financial advice?

Even as blowtorched as SLV has gotten over the past few days, it's still nowhere near truly oversold territory.  RSI and stochs on the daily suggests there is still ample room to plunge.  A relief rally will be savage and if you guess right on some fm calls, will flood dollars to you

May 5, 2011 11:48 AM

134 junks in an hour?   Wow...I seem to have some real competition here now

May 5, 2011 11:50 AM

Funny how you keep holding on to calls from the previous paradigm when we have clearly entered a new one, as predicted

GFD you are so cliff claven...and yes I intentionally misspell it bc "clavEn" is like "craven," which is what you are as well.

Tmosely- "forget my call of 49 by EOW and 60 next week, we are in a NEW PARADIGGUM"

May 5, 2011 11:57 AM

at least he doesn't go out on a limb and forecast shit like $49 by the end of this week or that Tokyo everyone would be dead or evacuated in a week (by April 2).

then after falling flat on your face, you try to pretend that you never said it or that the "paradiggum has changed."

May 5, 2011 12:02 PM

I'd be interested as well in these stats, because I had a post junked off in like 10 minutes back when 50 got you deleted.

I feel cheated

May 5, 2011 12:07 PM

well this record needs an asterisk because some of the stronger trolls got junked off at 20, then 50.

May 5, 2011 12:08 PM

?  Production is down.

May 5, 2011 12:09 PM

your MIL did PWN you tho

May 5, 2011 12:15 PM

EU needs to cheapen. JPY needs to cheapen...who DOESN'T need to cheapen?

The yen is approaching intervention levels again.  The euro deflated WRT USD but now they have printing cover...but gold/oil complex didn't budge much against EUR even during the rise

May 5, 2011 12:22 PM

He IS!!

The banksters have been liquified!  All the motherfuckers from PIMpCO to GS all got free fking cash from the Fed for their trash assets!

You think the FRB's balance sheet is REALLY $3T?  Oh yeah it's MARKED to 3 but what's the real worth?  Probably 1/3 of that because all the alphabet soup programs existed to put par value into the hands of banks in exchange for garbage.

So now that the banks have been relieved of their garbage assets, they FULLY expect everyone to PAY them principal plus interest on all the "loans" they conjured to everybody and their roles as PDs soaking up all the USG's deficits.

Read between the lines of PIMpCO's Gross...he is pissed at USTs why?  Because the yields are too low.  He wants coupons, he wants his money to "make money" by virtue of existing; he wants hamsters running on wheels and that productivity going to HIM and his pockets.

That is what bankers expect as their due for the favor they do for us in terms of letting us borrow the very money we require to have a functional trade economy.

The banksters fully want austerity for everybody but themselves.  They will keep that inflation and cheap credit, thank you very much

May 5, 2011 12:51 PM

the bluff of world producers is that they CAN produce more....you really wanna call that??!?!

May 5, 2011 8:28 AM

it's because yet another of his bold predictions blew up in his face

May 5, 2011 8:32 AM

bbbbut...bbbut....the mosely-clavens of the world told me that silver was scarce and you couldn't find it anywhere?

So how the hell are all the silver bugz able to "back the truck up" if there wasn't supposed to be any supply at these prices?  They said silver was scarce at 50, now wouldn't it be even scarcer at 37?

May 5, 2011 8:34 AM

yeah um...when everybody tries that it's called size buying at offer.  Multiple arbs competing for the same free money drives the NAV imbalance to zero quickly.

May 5, 2011 8:41 AM

the yen is on a tear...ill wind blowin.

They will have to continue to cheapen or else they blow up.  That's your global asset tailwind trade

May 5, 2011 8:52 PM

not without crushing economic activity...$3 might be achievable.

Oil priced low enough to support $2 gas will cause apeshit economic activity in developing nations which would provide price support

May 5, 2011 9:55 AM

wtf is the problem with removing margin from commodities exchanges?

They SHOULD do this.  Exchanges should return to being places where real sellers and buyers trade, instead of a place where speculators try to manipulate and make money off of doing nothing.

Imagine if the grocery store or farmers market worked like CME...you'd have some spec trying to lever buy up all the spaghetti and make the prices go up up up when he has no intention of ever taking delivery of the stuff.  Fuck speculation in real assets.  Shorts should have real metal and longs should be interested in buying real metal.

May 6, 2010 10:01 AM

I think I speak for ALL Americans in saying that we laugh at you because you think soccer is a great sport

May 6, 2010 10:05 AM

The civil war wasn't fought by slaves.

May 6, 2010 10:08 AM

Debt at this point cannot be repaid.

There isn't a sufficiently expansive future to pay it.

The system is grappling as we speak with the interest demands of the current debt load.  Every FRN in existence is borrowed; that's a lotta freakin interest.

Our creditmoney model is not a static system nor can it function in a climate of aggregate contraction.

May 6, 2010 8:38 AM

if this rush is like 2008, your hands will be gotten onto nothing.

There was very little silver available at the retail level during the last deflationary impulse.  I mean as in unobtanium.  Maybe 1000oz bars, nothing else.  I witnessed a local dealer offering a repeat customer a significant premium over spot if he would bring in some of his substantial 1oz holdings to be resold.

May 6, 2010 8:39 AM

I think people may be realizing that all sovereigns are bankrupt.

May 6, 2010 9:44 AM

Coins are bullion and fungible.

The 22kt (crown gold) pieces like the Eagle and Krug will be more durable.  Krugs typically trade at the lowest premium, due to ubiquity.

Among the 24kt articles, can't really see much difference between the philharmonic, kangaroo, or the leaf.  I'd buy whatever was available at the lowest premium.  The Buffalo is mildly collectable because they do shorter runs of those each year.

There are a few others out there now, the liberdad, the panda, etc...these don't have the face recognition of the 5 major coins.

May 6, 2011 1:10 PM

Sonia had the yellow ticket in Crime and Punishment too

May 6, 2011 1:13 PM

Did you bother to look at the demographics of Detroilet?  You will see the SAME TRENDS in the same demographics everywhere.

For example, we have a demographic in our schools that is the majority demographic in the country and ranks #3 in the world in standardized testing all the while we hear about how low ranked the USA is and how our education system is failing.  It's not failing, a couple of our demographics are failures.  Their inability to obey laws drives our crime rate up (the detroit demographic ALONE commits 54% of violent crime), their inability to master basic math and reading drives our national achievement down.

It's really this simple; I shit you not.  And no, just because you haven't heard of it doesn't mean it's not real.  Nearly everything you thought you knew about these types of things is bullshit.

May 6, 2011 1:19 PM

and the executives will get gigantic bonuses.

May 6, 2011 1:24 PM

wtf? he's correct lol

Call the fucking ADL and SPLC and whine

May 6, 2011 1:25 PM

would prefer a guy who knew the meaning of "penultimate"

May 6, 2011 1:30 PM

usury has historically paid better than real work.

May 6, 2011 12:02 PM

nazi guards didn't have any issues, certainly not with this hindsight morality that we impose backward in time onto them.

May 6, 2011 12:07 PM

moral absolutes are problematic because we have to say things are wrong and live with guilt.

better to just ghettofy culture...

May 6, 2011 12:08 PM

they take after their parents

May 6, 2011 12:11 PM

Do you hear that, Mr. Anderson?  That is the sound of inevitability; it is the sound...of your death.

May 6, 2011 12:16 PM

You are illustrating how Gresham's Law works on thought.  This is an important axiom to grasp, as it flows from Evolution.

May 6, 2011 12:17 PM

Rename this guy Jim Dullard

May 6, 2011 12:24 PM

people can't be "brought" out of poverty...look at is this way, chimps have pretty low standards of living.  How much do you think you'd have to spend on them before they could behave in a manner you deem "civilized" and maintain the society you built for them?

May 6, 2011 12:25 PM

uh...you should be aware that for those spots, they ask a few hundred people questions and only include the dozen idiots in the final cut.  The other few hundred get edited out.  That makes it look like everyone is an idiot, when it was merely everyone they showed.

But, for reference across demographics lines, about 50% of Detroit is illiterate, and the chief of the school board there is too. 

May 6, 2011 3:41 PM

ask yourselves who the levered parties are, what their political clout is, and who was in the front of the tits up line in 2008 when we saw a real threat of that.

Scarce dollars cease to become useful as currency

May 6, 2011 8:09 PM

Welcome to the Hotel Eurofornia

May 6, 2011 9:25 PM

bbbbut...mosely claven says that there is no silver anywhere

May 6, 2011 9:30 PM

Cliff, you are a fuckin JOKE

May 6, 2011 9:37 PM

those who were suggesting silver was overbought were HONEST in saying they have no idea what comes next.

the pumpers were SHAMELESS and bold in their predictions of imminent COMEX default and 60 by next week and shit.

This place is an ECHO CHAMBER.  I got a post junked off in record time all for opposing the group consensus on Fukushima. 

Somebody has to be around here to keep the Zheeple in check

May 7, 2010 10:52 PM

I see Japan going before Germany.

If they don't absolutely pour in liquidity the yen carry trade unwind will crush them.  As soon as the stresses of the economic peak become apparent and "developing" market profitability begins to flag, the yen goes vertical and Japan must default.

They are in the worst shape of all in terms of debt.  All it takes is for people to stop borrowing yen and investing that hot money into wherever...we've already gone through Asia and South America with this carry and now into Africa.  With the oil peak having come and gone, and the rising real cost of energy, the aggregate profitability of the developing world will decline faster than it did for the earlier economies.

Economic "development" is a lot like oil development; low hanging fruit first, less profitable higher fruit next.  Once they start trying to develop Africa, you know the end is at hand.

May 7, 2010 11:00 PM

Couple of points:

one, what you say is untrue.  The Fed has always been the market maker for UST auctions.  Second, the Fed can purchase the ENTIRE auction and directly control the nominal price of the issue.  What it CANNOT do is control the forex exchange on the USD.  That is the one thing it has limited power to effect.

But, there will not be a price collapse in bonds given the Fed's power to indirectly monetize.  We also won't pay real money or even real interest rates.  Bonds can stay near par even while oil goes to $500/bbl. 

Obviously, we are caught between the devil and the deep blue sea here.  If the Fed does *not* monetize, the sovereign collapses and there goes your dollar.

Who is going to respect the currency of a central bank in an insolvent State?

May 7, 2010 11:04 PM

You're joking, right?

France has participated in Afghanistan to the point of conducting joint operations off of the de Gaulle in the Indian Ocean with one of our CVNs.  Their Rafales and our Rhinos swapped decks.

France wanted in on Iraq before Busch snubbed them.  Chirac thought it would be valuable to get his troops real combat experience.

May 7, 2010 5:01 PM

I've had a couple of credit cards limit-reduced.  Mostly JPM ones.  My Citi cards they'd still let me go nuts with.

May 7, 2010 5:03 PM

They must have shown Bernie how his vote would end the world if he didn't reverse it.

I mean, we all seem to know how bad it is...what do you guys think the outcome would *really* be if the Fed audit went forward?  I'd rather a managed collapse than a sudden-stop

May 7, 2010 7:35 PM

Same thing I told Douchinger.

They will print to extend the game.  Allowing real deflation is an all-stop event.  Look at Japan.  The yen rallied so hard yesterday it was incredible.  It's not because Japan isn't in debt 10 feet above their eyeballs, it's a precursor to a sovereign default as their own debt service crushes them.

So they dumped in liquidity today.

The Fed has NO CHOICE but to provide liquidity; afterall, we DID infect the world with dollar debt, didn't we?

Douchinger claims we can "take our medicine" and let the banks fail; the problem is that this would create a deflationary implosion in the monetary base which could not be stopped.  FDR did the only thing possible, devalue.

The problem now is what do you devalue against when all forms of paper are fiat?  If someone stood up an asset-backed currency now, they would immediately be subject to such immense speculative attack that they'd lose all their assets just like the French attacked BW.  Given the beggar-thy-neighbor policies of nations these days, also, everyone would devalue against YOU and destroy your export competitiveness.

This is why these types of competitive devaluations used to lead to war.

May 7, 2010 7:43 PM

Yes, but Germany doesn't have a choice.

The proliferation of USD debt has made their own devaluation impossible.  The world cannot tolerate a strong dollar because their own corporations and banks are infected with dollar debts.  In a deflationary dollar climate, they will implode and take much of their national economies with them.  This is the price they now pay for accepting the dollar; WE get the benefits.

They need dollars and we control the supply.  The converse with respect to Euros is not true.  The ECB will have to live with a strong euro for as long as we want it to take.  A run on the euro, or its collapse, will cause dollar strength that will be *catastrophic* on both sides of the pond.

Neither we nor Japan can tolerate *that* either.  Buying the euro up is in our interests as well.

May 7, 2011 4:30 PM

"end" game?  this has been the IMF's pursuit for 50 years.  They have busted out so many sovereigns with debtmoney...actually this crap goes back to the South Seas Bubble and even further.  The Bank of England's very existence is for this purpose.  It's to lend money at compound interest to people who DON'T UNDERSTAND MATH.  That is the entire point.

Take a look at the role of the usury clan in the weimar period.  They came out the other side owning the entire Reich.  Inflation then deflation...jfc, Thomas Jefferson was talking about this crap over 200 years ago.

Why does everyone THINK that the usury clan has been so historically hated?  Why does everyone THINK usury and lending at interest was prohibited for so long? 

May 7, 2011 4:31 PM

how do you suppose hitler came to power?

He was not in league with the bankers.   After every collapse, it seems like the same clan comes out the other side using their banking contacts to own everything.  Was the same in Russia after their collapse and hyperinflation.  Putin came to power and threw their oligarchs out, the people who had carved up the country using banking devices

May 7, 2011 4:42 PM

the banking system is not white, it is jewish.

Your conditioning will probably prevent you from even acknowledging this

May 7, 2011 6:21 PM

yes....isn't it amazing how utterly rich socialism has made the oligarchy?

I always remind leftard idiots of that, just as I will at how rich the war economy (a form of SOCIALISM) has made them to the rightards.

Government's power accrues wealth to plutocrats, nowhere else.

May 8, 2010 10:17 PM

HFT is bad because their predatory order flow interception led to the mass departure of liquidity providers and market neutral players.  WTF is the point of being a market-maker if an IB is out there with a HFT intended to destroy your spread and take it for themselves?  This is why liquidity has vanished.  The HFT phenomenon was never about cheating "retail," it was about capturing the bid/ask spread provided by neutral players by front-running the order flow and manipulating price to eat into that margin.

May 8, 2010 10:23 PM

This is a plausible explanation.

HFT was not to blame for the crash itself, it was to blame for the *conditions* which led to the crash, those being the mass exodus of market-neutral liquidity providers.  HFT has systematically chased them out of the market by finding ways to exploit the order flow to capture their margins.  If being market neutral turns no profit, then you exit and with you whatever liquidity you may have provided.  Then, when something like 5/6 happens, there literally is nobody standing there to make any kind of market.

May 8, 2010 10:33 PM

They won't cut the cops' pensions.  They need them to maintain order and put on the riot gear and bust the heads of the people standing up for their rights and what is right and otherwise proving themselves enemies of the State.

May 8, 2010 10:36 PM

Who the hell junked this post?  It's absolutely correct.

Everything we think is MONEY is no more than the fingers-crossing that some greater number of people will borrow more of it in the future.

May 8, 2010 10:42 PM

I got my first leafs at $285 each.

Had a decent little stash of those, some Silver Eagles and some platinum at around $500 and then the wife cracked the safe and took them during the divorce brouhaha.  Oh well.

I took some krugs off a buddy of mine at $740 or so during the 2008 BS; he said he saw gold goin lower.  Traded a stack of FRNs for them.  Thanks for the chips amigo.

May 8, 2010 3:16 PM

LOL...they can't take 50% haircuts.

The shit ain't worth 50%.

The banks are so levered themselves that a 50% haircut wipes them and their grandchildren completely out.

What should have been learnt is that there is NOBODY institution out there, no banks, no sovereigns, nobody who is not so levered that a little bit of deflation won't wipe them completely out.

People are acting like the banks are sitting on top of loans that have just kinda gone sour and now they face a "loss" on that or something.  No; they face an existential crisis as does debt in the aggregate.

May 8, 2010 3:18 PM

LOL.

No.

A CDS against the United States is worthless.  Paid in what?

May 8, 2010 3:32 PM

We're not bailing out the damned ECB.  It's just a currency swap.  You guys are acting as if this paper is real money

May 8, 2011 8:23 PM

Flak, depends upon what you mean by that...oil supply decline means that debts predicated upon a future of expansion aren't worth par.  That is devaluationary, if we use monetarist definitions of inflation and deflation.

Any debt simply has to be discounted against the reality of a future of less.  That includes the FRN.

Iraq won't get to 6mbpd by 2017 either...that's a mere 6 years away.

There goes 6mbpd of "expectations" right the fuck up in smoke.  IEA is going to have to adjust again.

May 8, 2011 8:26 PM

KSA also may have been employing surge production capacity for this extra 800kbpd.

This would not be the first time they've ramped into a spike and then backed off.  They are likely in decline, thus flat out in terms of production.

May 9, 2010 7:42 PM

The inflation this QE will cause will be inexorable.

If gold falls, buy it

May 9, 2010 7:44 PM

There is NO SUCH THING as Peak "affordable" oil!

There is no Peak ANYTHING oil except for THE Peak Oil.

 

May 9, 2010 9:12 PM

yeah, heavy inflationary trends like mass QE are always gold bearish.  Idiot.

May 9, 2011 10:22 AM

this shit is like amateur hour

They grabbed a BC that had some shit they could use and layered on the rest....WTF.

Where is the media?  Surely some kid on the internet isn't the only one who did any verification? 

May 9, 2011 10:32 AM

what's next, you gonna call him a "liberal" when you can't address his points?

May 9, 2011 12:05 PM

Sprott is in the business to MAKE MONEY.

He's not your buddy, he's not your leader, he's not your friend, he's not your king.  He's there to make money off of YOU, dipshit

May 9, 2011 12:10 PM

If I were Sprott, i would suck in all the silverbugs and bust them out like last week, again and again.

I mean, if there were ever a more gullible set of people looking for a King, I'm unaware of them. 

May 9, 2011 12:15 PM

so does the writer's IQ. 

May 9, 2011 2:17 PM

lol...srsly?

Because I never made any calls on silver until like 49 dude.

Smooches

May 9, 2011 2:19 PM

oh nooooooooooooooooo

akak is going to JUNK me, wtfever will I do!?!?!?

I mean, I could JUST DIE.

Junk away, bitch, do you think I give a fuck?

May 9, 2011 2:21 PM

those geniuses with offshore buried canned ham may want to ponder just how in "collapse" they will actually GET THERE

May 9, 2011 2:43 PM

it's not lying if nobody believes it anyway

May 9, 2011 4:03 PM

nobody ever should sell gold.

it's a transgenerational wealth asset.

You trade gold, for something else.  Or else pledge it as collateral for something.  Or you hold it.

Trying to transfer it back and forth to and from paper is a fool's errand

Nov 1, 2010 7:13 PM

what is with the denigrating the TP candidates as "unknowns"???  That's the POINT.

Hell, people cheer when someone suggests random selection like for jury duty, but nooooo, we have to have a "known" candidate, someone "experienced"??  AKA, someone already in the pocket?

Vote for the unknowns...roll the dice.  The outcome is certain with the known candidates.

Nov 1, 2010 9:53 AM

Saving is anti-american.  Doing it means you are siding with the terrists.  You're an enemy of the State.

We need to spend so we don't go bankrupt.

Nov 1, 2010 9:59 AM

this is just...astonishing.  In a frightening sort of way.

But, let's look at the map, we're in two adjacent countries to Iran.  If you were playing Risk, this would be your next move

Nov 1, 2011 1:03 PM

all the people on the Board of Directors are their friends and cronies and part of the same country clubs and own high end condos in the same upper Eastside buildings.  And that CEO sits on the Boards of the companies that his directors are executives of.

So they all cover each others' asses with ever-more lavish pay packages.  Times are great for them.  If there isn't enough money, well, shit, just "cost cut" and pass that mandate down the management chain.  This results in lower-level employees getting laid off but executives DO NOT FUCKING CARE.  Their highest priority is to make their targets so as to get their bonus.  If they can lay off 10 workers making 50k, that's an extra $500k available for a bonus.

There appears to be no salary too low for a non-executive and no salary too high for an exec.  And their children grow up taught they are better than ordinary people because of how much smarter and harder the parents work (when in reality, they just got backscratching from cronies).

This executive forms an interlocking revolving door with government as union bosses rotate to Boards then rotate to gov appointments then rotate to executiveships, and when failing at all of them, rotate back to the union where the membership worships them like some kind of prodigal son nobility.

The question I have is, WHERE are the shareholders?  That's YOUR MONEY your employees are wasting.  Shareholders are like an owner where management just reaches into the cash register and takes all the profits and pockets them.  When the fuck is anybody going to wake up?

Fucking OWS is out there complaining...wtf do they ask for?  MORE TAXES.  MORE gov't.  Just make that money train I described up there even stronger.  Why aren't they calling for owner empowerment?  Companies used to be forced to disgorge profits as dividends and higher payrolls for the rank-and-file.

Nov 1, 2011 1:59 PM

When willl be a lot further into the future than you expect.

Last time they were imperiled, the government rushed to their rescue with trillions.

Nov 1, 2011 12:09 AM

Corzine is a goy, dude

Nov 1, 2011 12:32 AM

can you stop reposting this?  jeez

Nov 1, 2011 3:10 PM

they've already been hard at work trying to shred anything which would prove Corzine knew.  That is SOP, though I've no idea WHY.  The low-level employees that take the bullet for the boss end up getting NOTHING out of it other than a prison sentence.

Nov 1, 2011 9:23 AM

CBs fire up the presses

Nov 1, 2011 9:35 AM

All I know is gold is up in the currencies of all the places I wanna move to lol

Nov 1, 2011 9:37 AM

Apocalypse, bitchez

Nov 1, 2011 9:39 AM

hey, they are nice fantasy instruments to "trade" that have no connection to the real world.

this whole notion of using FX to make your exports more competitive...what bunk.  Especially in fiatville, it just leads to poverty and war

Nov 1, 2011 9:41 AM

a currency union including countries that have relied on devaluation for most of the past century was foolish.

Especially when you consider that all of these nations were committing fraud on their deficit targets to even meet entry requirements.  WTF good are all these EU rules when everyone was cheating.

The big question remains what happens to all those swap icebergs that they executed with the likes of Goldman to get under the cap in years 1-2

Nov 1, 2011 9:44 AM

oh yeah, CDSs MADE Italy bankrupt, they MADE oil peak, yeah.  Ban them and everything will go back to hunky dory.

CDSs have only exposed what some tried to keep hidden.  Oh, and they were the primary driver of synthetic debt and were consquently essential for credit growth

Nov 10, 2010 1:06 AM

+a bunch

Nov 10, 2010 1:08 AM

gold isn't a risk asset.

Stop trolling...you frequently have some decent things to say.  How is this shellacking different from the one last week or the week before that?

Nov 10, 2010 1:17 AM

most of the gold bitchez here are into physical, not paper.  Physical metals are not a risk asset

Nov 10, 2010 1:19 AM

where can you get these prices on a CC???

Nov 10, 2010 1:32 AM

N225 is up 100 and POG is +5

Nov 10, 2010 10:56 AM

hey, sell more dollar debt!  Embrace the disease..

Nov 10, 2010 12:15 AM

we can and will devalue while maintaining reserve status...I mean, shit, we have been for 40 years

Nov 10, 2010 12:17 AM

WTF is the point of this big assed analysis?

IT'S WADDELL & REED, BITCHEZ

Nov 10, 2010 2:36 PM

maybe the Fed is trying to force the Congress to "be good citizens."  I mean, all this condemnation worldwide might be hurting their feewings

Nov 10, 2010 2:54 PM

well they did that with the big bags for a while.

Now the bags are again somewhat full but they cost $4.

The little .89 bags are almost all air...even my kids go WTF

Nov 10, 2010 3:02 PM

Well, the Fed has hedonic adjustments that they apply.  When steak becomes too expensive, they consider it a hedonic adjustment that people go to ground beef, therefore there is no real inflation, it's just a preference choice.

Likewise, when people switch from Spam to dog food and then start choosing starvation instead of eating, hedonics will PROVE that the CPI is tame!

Nov 10, 2010 3:08 PM

Stockpile those claim tickets.

The coolest part is that Goldjew Sachs can BORROW from their cousins at the Fed and acquire all the cash to get all the claim tickets for 0%.  If the shit defaults, their cousins make them whole with taxpayer or printed cash.

It's win/win for the financiers.  Only once you reject their confetti do you deprive the parasites of power.

In the meantime, buy up all the producing assets like the parking meters, roads, water plants, etc....Argentinafy that shit, and do it with 0% loans from your cousins.  Then pretend like you're actually risking your own money.

Nov 10, 2011 10:21 AM

Ron Paul won, ergo the poll was hacked.

Results or evidence that show Paul in the lead are assumed to be spurious

This is them telling YOU who your fuckin candidates are gonna be, capiche?  People talk about how the system selects two shitpiles, one from each camp, and here you can see its function.  The MSM has already decided who the GOP candidate pool is.

Nov 10, 2011 12:51 PM

fuck UNESCO; all these programs do is create more starving 3rd worlders

Nov 11, 2010 1:33 AM

only if the oil production plateau we've been on turns into a rising production volume.  If it stays flat or declines, this cannot go on for more decades.

Nov 11, 2010 1:34 AM

kneepads, bitchez

Nov 11, 2010 1:39 AM

there is also the baby boomer retirement wave, which started roughly 2007ish

Nov 11, 2010 10:23 AM

Hedge funds are so 2000s...HFT is the thing now.  Who the fuck actually tries to INVEST anymore?  Alpha is dead

Nov 11, 2010 10:55 AM

so who in the holy hell is buying?  Insiders are selling, mutual funds are outflowing...where is the mkt support coming from?

I think this only leaves the Fed...

flash crash day showed us that there are NO size buyers even 10% below last...

Nov 11, 2010 11:05 AM

they will print money...they always do.

Default of euronations = drop in euro.  We saw this film last year.

Nov 11, 2010 11:21 AM

From where I sit, it is WORSE than this, far worse.

The Fed and all the banker/economists have misdiagnosed the disease.  They see this as a simple monetary burp when we are in fact, due to the oil supply curve, entering a new age of aggregate contraction.  The economists think they can stimulate, at the lowest level, additional production of oil by lowering the cost of credit.  However, past-peak, that CANNOT BE DONE by ANY means, as a matter of physics.

Consequently, as oil production declines, we will have more money not chasing a level supply of goods, but a DIMINISHING one.

We have hit an epoch where we see how truly silly economics as a "study" is and the massive chasm between it and real science.  Major schools of economics FAIL to understand the REAL world.

Nov 11, 2010 11:26 AM

oil won't suffer...it is going to go into terminal scarcity, and we got 6.x billion muffuggas who gotta eat.

Oil is a real thing, the Thing that Causeth to Become and the lynchpin underlying our entire industrial economy and what we call "the world as we know it."

If you want to move or create or reconfigure anything, you will need this substance.  Even to mine gold.

Nov 11, 2010 12:16 PM

easiest question of the day...7.62.

Review what this round can do against cinder blocks and other light cover.  7.62S turns light cover into concealment and can penetrate and cause backsplatter spalling which can injure or kill.

The 5.56 in M4 barrel length is ridiculously deficient in terminal performance except at close range.  Even in M16 length, it won't penetrate cinderblock or brick.  Take some construction materials to the range and see for yourself.

If you mean 7.62 NATO then there isn't even a question

Nov 11, 2010 12:21 PM

HORSESHIT.

Do not be a Polyanna.

NG peaks too.  The people who constantly bang this substitution meme are FOOLS because they have not accounted for LOST GROWTH.

Look, even if we came up with magic solar that could substitute for ALL of our oil consumption and let's just arguendo say oil production fell to zero.  We're NOT out of the woods because our economic model REQUIRES growth; it assumes it.

We need a new, GROWABLE energy supply.  Solar and wind are not growable unless it gets sunnier or windier.

The deficit is two-fold; one for the oil we use now, two for the additional oil we expect to use in the growth future.

Back to your claim about NG, supplies of this will entire terminal decline VERY rapidly if we start "transitioning" from oil to NG.  Burning NG is the stupidest thing imaginable for a variety of reasons.

Nov 11, 2010 2:32 PM

This idiot thinks that this whole thing is a cyclical hiccup.

The notion that the Heisenberg Principle is as he says is absurd and he should be slapped for describing it like a matter of "likeliness" and attempting to relate it to some broader principle about economics.  This is just rubbish.  Leave the science to scientists.

Nov 11, 2010 2:39 PM

China is such a gigantic ponzi now that they cannot just "put on the brakes."  Much of what's happened there in the past 10 years is uneconomical.  It only "makes" money because the government makes edict that it has.

I mean, how profitable are idle factories or empty cities or toxic lakes and rivers? 

That said, I'd be longer S. America than China.  The consumption/production/resource ponzi globally has a LOT of addicts.  If it comes between accepting a cheaper dollar and outright deflationary USD and JPY carry trade unwind and concomitant collapse, they'll take the former.

Nov 11, 2010 3:58 PM

they been monetizing debt since 09, wtf.

Nov 11, 2010 3:59 PM

Fool me once, shame on....you....fool me twice...this sucker could go down

Nov 11, 2010 6:33 PM

How many angels can dance on a pinhead?

When I was describing CDO^2 to the TF morons, nobody seemed amazed that you could take equity tranches, which I related to my kids as "Tiny Tim's" share of the poor family's food, and pile up a BUNCH of Tiny Tim shares all over town and then somehow turn that into a AAA rated product (the superseniors of this CDO2).  My kids on the other hand were quite puzzled because anything that takes that long to explain has to be complete bullshit.

Nov 11, 2010 9:14 AM

China isn't "decades" ahead of fucking anything...they have disgustingly polluted their entire country in order to produce these elements at any cost.

The US and Japan still know what to DO with these rare earths.

Nov 11, 2011 1:40 AM

yes but 99% of all those engineers and scientists were white people, so their product was merely oppression.

Nov 11, 2011 1:46 AM

yes, you're right...that's why 90% of the federal reserve board and media ownership, and whatnot, is of the same ethnicity.  It's because we're "all just the same."

Christianity had a 1000-year prohibition against this shit.  Even judaism FORBIDS IT amongst members of the tribe (while it remains an affirmative commandment to use against gentiles).  Islam also forbids it.

Nov 11, 2011 1:47 AM

false dilemma

Nov 11, 2011 10:46 PM

mosely-claven should fit right in there.

Lord knows if you even question silver or gold as a 110% buy over here, you get junked into oblivion.  The only saving grace of ZH's comment sections is that nobody gets censored but we've got our own echo chamber in a manner here too

Nov 11, 2011 11:16 PM

that was the dumbest fucking post I have ever seen.

Competition for dominance is an evolutionary MANDATE.  How ELSE should we arbitrate whose DNA is to be passed on and whose isn't?  The cooperative pacifist species were all KILLED to extinction, idiot.

Free fuckin energy?  REALLY?  Where the fuck was this magic shit?

Nov 11, 2011 11:21 AM

Two-tiered Euro...wtf?  Gresham's law will brutalize the south

Nov 11, 2011 11:22 PM

1200oz of silver is way the fuck too much.

Nov 11, 2011 5:31 PM

of course, peak oil can't be REAL, can it?

When inventories draw down this hard in the face of serious reductions in consumption, you have a motherfucking problem

Nov 11, 2011 5:36 PM

bbbut...bbbbut...IONIC LIQUIDS!!!!!!!11111

SOLAR NUKEYALER WIND TECHNOLOGY.

The reality is that the recovery methods caused this.  They brought production up to a plateau far faster and kept it there for a length of time and then it plunged just as fast as it was ramped.

This is the expected production curve since the 1970s...trapezoidal, not a bell.  All the technology merely enabled *faster depletion* not longer lifespan like the Peak denier IDIOTS said.

Nov 11, 2011 5:42 PM

All the greaseball euro countries got to use the euro to give them germany's rate for a decade, so they did what any deadbeat with someone else's credit card would...they maxed that shit out.  And now, we're all stunned that fucking italy, who CHEATED to get into the EU in the first place, is still the deadbeat they always were?  I mean with the lira at wtf was it 1000:1 to good currencies? 

The northerners actually believed those greasy dagos would follow the same rules?  WTF?  Have white people really become that mindfucked?

Nov 11, 2011 6:26 PM

yeah, the 75% of world debt denominated in dollars is an infection that must be fed with exponentially increasing demand.

Nov 11, 2011 8:17 PM

yeah, um...oil peaked this time.  This shit isn't planned.  You tools with your potent directors fallacies just amaze me.

The system of growth is unwinding.

Nov 11, 2011 8:21 PM

I thought his blog was "tradepretendmoney.blogspot.com"?

Nov 11, 2011 8:28 PM

roger, don't have children

Nov 11, 2011 8:44 PM

Mako wasn't the only one.

He and I differed only in that I don't see the effing apocalypse and madmax as a result.  the lizards have been doing this since their holy texts were written, always to outsiders.

There's a lot of history people don't know and the history of chosen participation in the basest vice trades, to a point of dominance of them, is but one aspect that has been whitewashed.  Carpetbagger interest lending to freed slaves was another source of income, as was the financing and trade in the slaves themselves.  If you repeat this history, you are marginalized and smeared.

However, these cycles run longer than human lifespans; there is no particular planning in them, just how to work with clan power to dominate any particular phase.

Nov 11, 2011 9:45 PM

yeah, never buy anything new or at a retail outlet.  I mean, let the rich people do that who have oil money or something.

I get to wear brioni because I shop right.  Buy a cashmere overcoat in the summer when nobody wants one, pay $700 instead of $7000.

Buy that snowboard crap off CL in the spring or something; plan ahead.

Nov 11, 2011 9:47 PM

if I have the largest stack, you will like my culture.

ok, some of you won't, those with low IQs who wanted children.

Nov 12, 2010 10:40 AM

How the hell did GS ever have CPI expectations at 1.3% for China????  The notion is absurd

Nov 12, 2010 10:42 AM

China hike rates?  What, and make all those gov't sponsored loans even less profitable?

Nov 12, 2010 11:49 AM

They're waiting for the check to clear, bitchez

Nov 12, 2010 12:08 AM

yeah, very brutal move for asia...the entire PM and oil complex is getting smashed.  Not used to seeing a -20 POG out of the overnight.

The OP is garbage, if gold has another "bull run" like that, there will be "new dollars" to exchange into.  With declining production, the price has inherent support

Nov 12, 2010 12:26 PM

Gold is getting freakin stomped today...what ISN'T down?

Where the hell are the inflation expectations?

Nov 12, 2010 4:04 PM

So it took 6 days to put together a building that has no construction standards whatsoever?  Good thing it'll never be occupied lol

Nov 12, 2011 12:03 AM

that is disgusting...why didn't he kill him on the spot?  You murder a pedophile in the act with a young boy, you have a free pass.  Not a cop in the land would even arrest you

Nov 12, 2011 12:35 AM

Rosenberg is delusional...thinks a political change can fix it.  Or that we'll just muddle through then growth will reappear.

Economists are clueless.  they can only think inside their fishbowl and with hindsight.

Nov 12, 2011 12:37 AM

uh...china is an oil consumer, so is Iran.  Venezuela has zilch production growth except in heavy oils only refinable in Louisiana.

Nov 12, 2011 12:38 AM

fuck their code.  Anybody with a conscience would have murdered him with whatever blunt instrument was handy.

Nov 12, 2011 12:43 AM

a disturbing number of twinks at Bama's church came up dayud too

Nov 12, 2011 12:45 AM

at least Teddy was interested in sexually mature girls, instead of prepubescent boys

Nov 12, 2011 5:56 PM

shit's all coming apart anyhow, why would he want to preside over it?

Nov 12, 2011 6:22 PM

fuck you, YOU leave.  Go live with blacks in Africa, seein as you love them so much.

You have no idea how mindfucked you are, do you?

Nov 12, 2011 6:24 PM

austerity for you, pay that jew confetti back

Nov 12, 2011 6:26 PM

be nice if it were true

Nov 13, 2010 10:02 PM

The robber barons did build vast public works edifices too, immense philanthropies.

Those who provided energy and steel and cars and lightbulbs in the 1900s profited.  Now, it is usurers and bullshit peddlers.

Look at who sits atop our pyramid now...investment bankers and those who make toxic financial products.  Scammers, grifters, not the creative industrialists of yesteryear.

Nov 13, 2010 10:07 PM

Hey, man...good recitation.  You'll find as I have that nobody is listening and/or nobody wants to listen.  Happy joy joy is de rigeur.

Eventually you will lose patience and just become abrasive.  You're 100% correct in what you say.  We need to triple oil production in order for China and India to consume per capita what we do.

Can't/won't happen

Nov 13, 2010 10:09 PM

Dutch East India Company.  One of the most successful corporations ever.  Paid an 18% dividend for something like a century.  Revolutionized trade, commerce, finance, everything.

So much larger in trade volume than the British East India that the comparison isn't even worth making.

Nov 13, 2010 10:10 PM

His financial backer?  It was the black gold coming out of the ground.

Nov 13, 2010 11:19 PM

screw the gold standard.  You should really review its history to understand it's a fiat in disguise.  The BOE made tons of hay even under the Sterling Bill.

We have to reform BANKING and let the money be backed by whatever production is necessary- REAL bills.

Nov 13, 2010 11:49 AM

QE is preferable to austerity.  The banks don't deserve interest on the money supply.

Notice the article and all like it, tho...always the talk of growth growth growth, what can we do to get growth back.

Until we abandon this talk of growing forever and ever and ever, we're not going to come up with any real solutions.

The debts CANNOT be paid; we are in a contractionary climate.  Principal at this point is dicey, forget interest.

There ARE NO OPTIONS in which NOBODY has to take a haircut.  The battle is between the oligarchy who have all the bond claim tickets and want austerity or in the absence, will continue to borrow to stockpile liquidation claim tickets, and the rest of us, who need jubilee and to be relieved from this parasitic banking system.

Nov 13, 2010 11:54 AM

UK is an interesting study to watch...that is the oldest and firmest-entrenched oligarchy and banking clan.  The message is GET BACK ON YOUR WHEELS, HAMSTERS from them.  And the average Brit is so goddamned mindfucked and so prideless and cowardly now that they are just going to soldier on and take it.

Nov 13, 2010 11:56 AM

our inflation wasn't that type of inflation...it was an inflation in CREDIT.  Money wasn't printed, it was borrowed.

It MUST BE REPAID according to the monetary system.  People around here cite Jefferson all the time but fail to understand what he was talking about.  He was talking about THIS SYSTEM.

It is older than 1971, folks.

Nov 13, 2010 12:07 PM

You act as if the world is not full of their own fraudulent losses.

Everyone around here acts as if China is this utopia of freemarket and profit and that Europe is somehow prudent and conservative.  It's all bullshit...all of them have blood all over their hands.

The SYSTEM requires private credit origination growth to fund industrial growth in the ROW.  The dollars flow through oil and back into bonds.

The notion by the EMs and Europe that a PERPETUAL trade surplus can be run is as wrong as the notion that deficits don't matter.  We could always point to growth in the future as making today's obligations not seem so onerous.  The future now, as I continue to repeat, holds CONTRACTION, not growth.

The entire SYSTEM of money is obsolete and a dangerous anachronism now.  But there is NO OTHER WAY for bankers and the banking clans to make free money unless they can parasite off the backs of growth.

I have no clue why people are surprised by what is occurring; Jefferson knew this system in the 1700s.  It is old.  Banks have PLENARY control over our money.  We cannot get it or use it without PAYING THEM INTEREST on it.

The reason why "credit" is called the lifeblood is because our system makes credit=money.

Gold and other real assets have an important future as this credit system collapses.  People will not be able to get credit which is essentially a promise of future production because nobody will respect promises of a growth future.  If credit continues to decline, in-existence assets with moneyness will end up the only "spendable" capital out there.

Nov 13, 2010 12:11 PM

the top 5%?  Listen up...anyone outside the top .001 is struggling to hang onto what they think they have.

Look at it this way, our money IS debt.  Our system makes bank credit our money.  Most of the people outside the mega rich have a lot of CREDIT as their wealth.  How stable you think they are?

The top .001 have a lot of productive shit to go with their credits.

Nov 13, 2010 9:42 PM

euro positive?

Nov 13, 2010 9:49 PM

section 2, Fed's mission:  maintain growth in credit and monetary aggregates.

It's all right there.  There is no system requiring constant growth which will not eventually fail.  Period.  Even if we considered a system storing a freaking number, if the growth rate of this number exceeds the growth rate of the real world system that stores it, even if that's a digital one, eventually, the real world system cannot cope with the growth expectation.

The Fed failed because the system is a failure.  The Fed did succeed in its real mission of enriching the shit out of bankers.

Nov 13, 2011 1:32 AM

wtf, is the EU delusional enough to think there are actually cash size buyers out there willing to buy into a supranational CDO like the EFSF??!?  The ONLY BUYER of paper at this point is a CB.  They can't be stupid enough to think that there is more leverage out there to be had from the general economy.

Would YOU buy into a CDO composed of one nation (Germany) that has a freakin budget under control when the entire rest of the union (inc France) cheated and lied their asses off to get in?

There isn't another sovereign in the EU that won't be discovered to have done the same cashflow swaps as Italy did to cheat under the deficit tagets, besides Germany.

Nov 13, 2011 1:45 AM

I wrote about this like 5 years ago.  WW3 will happen but at some point, the armies will be forced to power down and disengage.  There simply won't be enough supply to sustain a global engagement.

And with these big oceans, that means no more empire, no more global reach.  The world gets bigger.  The war will be mercifully short, maybe the button gets pushed by someone in a limited way but who knows.

7 Billion don't demand that much when you look at wiki's per capita oil consumption rankings.  Wealth=oil consumption per capita.  Period.  2.5 billion dots and chinks are consuming vastly less combined than we do as a nation of 300M. 

The only sustainable war in the future won't include that much armor.  Gonna hafta be a lot of remote control planes built cheap and running with propellers or something.  If you have nuclear ships, you'll have a leg up, but there simply isn't going to be the fuel supply to mount a war to...get more fuel.  This is what madmax was ABOUT...the consumption of massive amounts of gasoline to try to procure more gasoline in order to go back 'round the circle.

Nov 13, 2011 1:47 AM

the energy crisis IS the debt crisis!

Debt is a claim upon future growth...that is what the interest is!  Oil depletion and production decline = contraction, not growth.

Nov 13, 2011 1:49 AM

nah.  And no one-eyed albino zombies

Nov 13, 2011 1:51 AM

nah...it's actually not that hard.

You print the missing interest, aka, the credit growth that didn't happen but needed to.  You have no growth but eventually, the entire credit base gets replaced with printed money.

They can just flatline the Z1 with a print operation.  It can run for decades this way with a slow erosion.

Nov 13, 2011 1:59 AM

I think I proposed this like 3 years ago, that we would possibly sell out Taiwan at some point

Nov 13, 2011 11:33 PM

dumbasses, bitchez

Nov 13, 2011 11:36 PM

notice how every single "remedy" thought up has as part of it, a solution which is return to growth.

Deficits in Italy are solved by growth.  Get deleveraging under control so we can return to growth.  Once we do xyz, we can resume growth.

Growth growth growth.  Everything is predicated upon growth.  It's in every single fucking statement on the economy.

The problem is that we're not growing and won't.  Have any of these idiots ever considered the point at which growth is no longer possible or whether attempting to grow perpetually is even a good idea?  NO.  This is why these efforts will fail.

Nov 13, 2011 11:44 PM

this was just an institutional beatdown to the fagboy suntzu.

Nov 13, 2011 6:15 PM

rotfl...how to get eventually put in jail by the taxation authority.

Your moonbat shit on sovereignty is absurd fringe bullshit.  You're going to FILE something with the sovereign to declare yourself not subject to their laws?

Nov 13, 2011 6:17 PM

the last time the EUR was crashing, the euro pog went apeshit.  The dollar pog did not move that much

Nov 13, 2011 7:58 PM

bbbbut...bbbbut...China is the FUTURE.  They're going to take over everything.  They are so slanty-eyed and devious and smart, which is why they invented all of the technological marvels of the past 500 years

Nov 13, 2011 7:59 PM

yes, even things other people do on their own are our fault.

Piece of shit self-hating whitey

Nov 13, 2011 8:57 PM

yeah, slower growth = cut in DCspeak

Nov 13, 2011 8:59 PM

silver's production peak will give it a price tailwind, but it's heavily industrial these days.  If industrial production starts to crawl downward, less silver will be needed or used.  Simple as that.  It will track oil consumption like other industrial metals

Nov 13, 2011 9:13 PM

Italy suffers from a "lack of confidence"???  ROTFL, this guy is an idiot

Nov 13, 2011 9:18 PM

the UK is in the process of printing the Pound into oblivion.  The damned thing used to be an actual pound, now how much sterling does it fetch?

Peak oil is austerity by force

Nov 14, 2010 1:25 AM

how the fuck did we get to a situation where elected representatives can even enter into deals such as this?

And we have NO RECOURSE against them as citizens.  At least you could sue an agent for a shitty deal, but a government moron?  Nothing.

Nov 14, 2010 1:29 AM

the coolest part is we have states utterly ADDICTED to spending and financing that spending through bond ponzis.

An austerity bent Congress?  Hah.  Look at the calculus...give us our tax breaks (deficit negative) and you can have your state bailouts (deficit negative).

The only chance of deficit positive action would seem to be political revenge on blue or red states by a blue or red party.

One must marvel that we were ever able to survive without state budgets being so swollen.  These fucks got drunk off the tax revenue wave in the 90s and have never cut back.  Now they intend to sell the streets out from under our feet for another year's worth.

we are going to have to default at every level.  Only dictators come in and revoke this type of shit by force.

Nov 14, 2010 1:46 AM

must be nice to be so rich that when you take a shit on the rug, people applaud.

He says Saturn and Jupiter are closer to the sun than the earth...that's very...um...interesting.

and people still believe in potent directors?

Nov 14, 2010 10:35 PM

100% right.  no clue how many freakin recitations of this people are gonna need before they wake up and get it.

Or, they can just live in denial that if we just "prosecute" every freakin jew on the street that magically the good times will roll again.

How we have squandered our oil bounty is a crime against humanity.

Nov 14, 2010 11:30 PM

not gonna happen that way.

This guy needs to recognize that extinctions may take place in a geological instant but they do not take place in a human instant.  The major dieoffs like the precambrian occurred over 100,000 years.  In geological time, this is nearly instantaneous, which is why the dieoff is considered an "event."  But that's longer than human history.

Sure, if our population decreases like it increased during the fossil fuel age, it will seem instantaneous to a future being writing the history text.  But the real process will involve as much time down as up.  There's not going to be a "day" in which the economy freaking collapses.  We are IN the collapse as we speak.  It is like the tides, it doesn't occur in real time as quickly as it takes to read the paragraph about it in the history books.

Even a true rapid collapse like Weimar or Serbia took years.

Nov 14, 2010 11:34 PM

The average member of the general public lacks the intelligence to be sufficiently educated.

I mean we even have a captcha here that I wager most posters use a calculator for and you still see people saying ridiculously stupid things rather frequently.

Nov 14, 2010 11:56 AM

Look, people...especially all the folks talking about cutting spending or ending the Fed or complaining about QE.

Our system can't appear to tolerate even ONE significant bankruptcy or default without totally collapsing as a result.

This speaks to a systemic flaw in the system.  As long as we stay within this system of credit-as-money, it really doesn't matter what the governments or banks do.  The flaw remains.

I mean, the default of IRELAND or freaking PORTUGAL is a mortal wound to the Euro?  If that's the case, then the entire franchise is absurd ab initio

Nov 14, 2010 4:55 PM

Screw the G20.  There is a mass delusion in these exporter nations that their stupid mercantilist ways can continue.

They are as out of touch as we are, and don't get me started on freaking China.  Do these mercantilists actually BELIEVE that what they are doing is a tenable enterprise?

BOTH sides are clueless.  The notion that the US can continue to fund THEIR growth with OUR debt is as absurd as that the US can magically start PRODUCING shit when we have about a DOZEN nations actively trying to practice PREDATORY trade against us and take AWAY our production base.  Hell, China makes a national pursuit of STEALING intellectual property outright!  The world is FLOODED with counterfeit shit produced there.  Is the Italian government supposed to sit by while China leeches off the goodwill created by the Italian luxury brands?  Or how about Switzerland seeing as how China leads the world in knockoff Swiss watches?

The European national champions are NO DIFFERENT from what China does.  Airbus has been dumping state-subsidized planes on the market for decades while Boeing lives off of defense contracts.  The whole damned world economy is a joke and it's incumbent upon the "creditor" nations to accept their role in this mess.

But any suggestion that Germany or China or Brazil need to normalize trade flows is met with immense opposition or outright hostility and indignation.

Nov 14, 2010 4:58 PM

Complete bullshit.  GW, don't post crap like this.

Enough of the fking 911 conspiracy BS and there is NO connection between it and the economy which is being driven by contractionary forces due to oil peak.

the economy WILL NOT RECOVER no matter how many fucking jackasses we put in jail, no matter how many "truth commissions" we found, no matter how much money is printed.

It's time to ACCEPT that we have entered a NEW era where aggregate contraction is the norm.  Any article that does not admit this a priori is a waste of time.

CONFIDENCE does not power cars or melt steel.

Nov 14, 2010 5:02 PM

AGAIN.

If oil has peaked, aggregate energy supply has peaked, EROI is declining to unity.

IT WILL NOT MATTER what our monetary system IS or who prints what.  There WILL NOT BE the energy to make more cars for more people to drive more miles!  OK?

All this talk about the Fed and the "criminals" is DENIAL.  What are you people gonna do when oil production falls materially?  Even after the Fed is ended, Dimon and Blankfein are in jail and we have a gold standard?

NOTHING can alter reality, not confidence, not monetary bullshit...there is NO deus ex machina out of this other than sustainable fusion power.

FOCUS your time and efforts on the achievement of increased energy supply and not kvetching over irrelevancies.

Debt money is collapsing SIMPLY because the future DOES NOT CONTAIN GROWTH.

The solutions proposed in all these articles are foolish and ineffective.

Nov 14, 2010 5:05 PM

BACK to a gold standard?  we never had one, jfc.  We were on a silver standard, or bimetallism to be more accurate.

NOTHING about the gold standard prevents the same type of bullshit we've been seeing.  You people actually believe the BANKS won't print paper gold?  JFC the BOE did this for CENTURIES.  How the hell you think Britain became a world empire?

The gold standard WILL NOT CREATE MORE OIL SUPPLY.

Nov 14, 2010 7:11 PM

In that case, money supply must fall because the global economy is facing contractionary forces.

The problem is not with money supply, it is with the fact that the money we use is debt with interest.

Nov 14, 2010 7:13 PM

I've only posted like 50 times on these threads about RBD.

People are incapable of listening; they have their pet "gold standard" fetishes and they are highly resistant to persuasion

Nov 14, 2010 7:15 PM

yes.  the gold standard merely liquidated Real Bills.  As did silver in the original Sterling Bill.

Really, anything can serve this purpose but the immutability of metals along with their ascription of value by people made them suitable for it.

Nov 14, 2010 7:20 PM

and what do we use to build and install all of this shit?  What powers all the tractors and factories to build all of this?

You cornucopians with your silly thoughts about how we can "replace" oil need to wake up.

Nov 14, 2010 7:21 PM

YES.

But nobody is having this discussion.

All we do is listen to bullshit about how we need to end the Fed or go to gold standards or cut the spending and put all the criminals in jail and then we can just go merrily back to the 'way things were' which means perpetual upward growth to infinity!

Nov 14, 2011 1:11 PM

And this entire time, China has been PEGGED to it.

The dollar is down 16%?  Against WHAT?

China's inflation numbers are all bullshit, everything they release is a lie.  So fuck them and their imaginary "real" FX ratio.

The yuan hasn't strengthened anywhere NEAR 38%.  Compare it to oil, gold, anything. 

Nov 14, 2011 10:01 PM

one of the biggest bleaters about the dangers of nukeyaler after Fukushima and you're doing a total flipflop this soon?  LOL

Nov 14, 2011 10:04 PM

lol...ANWR?  Might wanna brush up on the USGS numbers from the great northern hope

Nov 14, 2011 11:45 PM

Cain= GOP saying WE'RE NOT RAYCISS

Nov 14, 2011 11:52 PM

as long as 3rd party candidates have "no chance" due to the majority wasting their votes, there is no hope whatsoever for change.  None.  So the entire discussion is academic

Nov 14, 2011 11:59 PM

c'mon man, we have "100s of years" of gas left and we'll "just figure out a way."

Yes, WE will.  Not "scientists," most of whom say effing bullshit because they understand thermo, but "we."  WE will do it.  I love how morons and laypeople always speak in terms of we when they have no fucking clue about anything.

Nevermind how the 100s of years figures come from current consumption rates.  When those rates double and triple due to substitution for oil, well, just suffice it to say shit's not so rosy.  Nevermind the apocalyptic decline curves of NG wells

Nov 14, 2011 12:25 AM

oh yeah, this is all OUR fucking fault...right.

Everything is.  From inability of africans to feed their own children to the uttery insanity of debt loads of Chinese towns.

WTF is wrong with you?

Nov 14, 2011 12:26 AM

you see that alphabet you're using?

Nov 14, 2011 12:31 AM

don't worry, there's plenty of cheap yuan ready at the printer just like in the Song dynasty when the devious orientals hatched their million year plan for world domination.  The second prong of this was getting addicted to opium and giving swaths of land to the British

Nov 14, 2011 12:42 AM

tried to explain this to brazilians in brazil who had this silly notion that brazil was so corrupt and we weren't.  LOL.  The corruption in those places is transparent and unsophisticated.

Our senators live like BILLIONAIRES.  On a fucking salary of $174k.  If this was ANYONE ELSE in this country, the IRS or some other agency would jail them.  Capone and the rest of the mobsters got sent to places like Alcatraz for this shit.

Nov 14, 2011 5:13 PM

I hate otherwise decent articles where people start dividing reserves by consumption.

The US *does not* have 3 years worth of oil left.  We have 8 hours per day of oil.  And declining.

Oil production is about RATE of consumption versus RATE of production, not about consumption versus reserves.

Nov 14, 2011 5:16 PM

dude, you are a fucking idiot

Nov 14, 2011 5:17 PM

ROTFL@NPRA.  What a debacle

Nov 14, 2011 5:19 PM

are you a COMPLETE retard?  Oil IS power.  The combustion of it does work at a specific rate which is the motherfucking DEFINITION of power

Nov 14, 2011 5:21 PM

are you a fucking idiot?

54 of the top 65 oil producing nations have peaked and are in supply decline.

Do you live in a fucking CAVE?

Nov 14, 2011 5:23 PM

are you looking for yet ANOTHER asskicking?

Nov 14, 2011 8:46 AM

stop being so rational.  it's not fair for people to lose money.

Nov 14, 2011 8:47 AM

there's an entire TV channel mostly devoted to reinforcing their perpetual guilt

Nov 14, 2011 8:48 AM

compound debt can no longer be repaid.  I assume you can do math

Nov 14, 2011 8:50 AM

for most of the past 1000 years, being in debt was considered tantamount to sin

Nov 14, 2011 9:43 PM

lol, the media cannot even be expected to get the numbers even vaguely RIGHT.

Consumption in the US is below levels seen 15+ years ago.  This isn't optional.

Our "U turn" in production is due to shit we consumed oil to produce, aka corn ethanol and other shit like that which is a net energy loser but some moron congressman will say "makes good sense."

Yes, we should burn 1.1 barrels of oil imported so we can get 1 gal of corn ethanol to market here.  Fuckin brilliant.  And idiots like this abound along with peak oil denier fools. 

Due to export land model,major importers like the USA face a reality where we have to invade to prevent people in other countries from consuming their own oil so that we can consume it.

Fuckin AGW people want to shut down the coal plants; they are living in a fantasy world where electricity can come from magic because so many liars and idiots and crooks and con artists have convinced them that their delusions are sane.  Where the fuck is the power gonna come from to charge all the iShit out there?

Nov 14, 2011 9:45 PM

IONIC LIQUIDS!!!!!111111

any more technobullshit to say to piss into this hurricane?

Nov 14, 2011 9:45 PM

lol, don't start, because we have "hundreds of years" of coal remaining.  Same with NG.  We just DO, ok?  There CAN'T be a problem.  If we ignore it strenuously enough, it will go away and won't be "our reality."

Yes, I've had people tell me that in THEIR reality, these things aren't an issue.

Nov 14, 2011 9:47 PM

a fair portion of the NGLs don't have BOE of 1 either.  The numbers coming out have been intentionally misrepresented.  C&C made a CLEAR peak in '05.  That's indisputable at this point.

However, some NGLs can be used as a fuel and NG is an important feedstock for petrochemical fertilizers and whatnot.

Nov 14, 2011 9:50 PM

fracking is only causing really *little* earthquakes so far.  Lots and lots of them.

So when the enviros get ahold of this and shut down gas production completely, then we turn to..........?

The deniers went to nukeyaler, then Fukushima happened, coal is an AGW enemy, and gas fracking causes quakes and pollution.  That leaves us with....?

Anyone?  Mosely-claven?  Anyone got any technomiracle bullshit to sell?

Nov 14, 2011 9:51 PM

LOL...yeah neverfuckinmind the DATA, eh?

We'll just all have our own personal reality.

Historians will marvel at the mass delusions of our time.

Nov 14, 2011 9:52 PM

yes because morons like you are incapable of understanding most of what's on that site.  You have to have a fair bit of intelligence to get geology and energy issues.

Nov 14, 2011 9:53 PM

Dude, you need to let go of your idiotic delusions.

You morons are sitting here asserting that oil production can rise exponentially FOREVER.  And you don't even REALIZE THAT.

Please, follow my previous suggestion and STFU

Nov 14, 2011 9:56 PM

yep...and the massive INCREASE in consumption of NG means that we don't have the "100s of years" remaining at consumption levels that were CURRENT before the massive increase!

Nov 15, 2010 1:27 PM

like I've said before, the homeowner was just the human to put ink on a document to close the loop in a MASSIVE spiral of fraud.

Most of the iceberg is under the waterline...and it's a fucking big berg

Nov 15, 2010 1:33 PM

Douchinger has been calling a Dow crash for 3 years

Nov 15, 2010 10:22 AM

spoken like a person who has a counterfeit swiss watch on right now!

how about you invent something and let's see the Chinese steal it?

They steal everything that they can get their hands on.

BTW, I don't care about what is or is not an "issue" for "most people," as I am not persuaded by logical fallacies such as argumentum ad populum

Nov 15, 2010 10:35 AM

24x7x52

Nov 15, 2010 10:36 AM

Maybe the elites thought they already had a great stockpile of claim tickets and were expecting the liquidiation about now

Nov 15, 2010 12:14 AM

why would you want to do that when you can fractionally lend it and end up owning everything?

Nov 15, 2010 12:16 AM

A gold standard is STUPID.  STUPID.  Illogical, moronic, and dumb.

Why in the hell should GOLD be the only thing that qualifies as money?  Let the fuckin MARKET decide.

Nov 15, 2010 12:21 AM

ABSOLUTE horseshit.

A Real Bill was drawn on something that HAD to be extinguished in 91 days.

The mises paper is full of shit.  Fuck the gold standard; it is an arbitrary and illogical thing, basically a fetish.

I don't know who wrote that stupid mises link but in their classic example, the Real Bill is EXTINGUISHED.  ALL real bills are REQUIRED to be extinguished.

Any notion that this is inflation is ABSURD; any inflation would be entirely transient. 

Nov 15, 2010 2:14 PM

Brian Sachs FTW!

Nov 15, 2010 3:10 PM

I would just print money.

Let the chips fall where they may.

Nov 15, 2010 3:52 PM

people still think the "rich" don't like inflation?

Nov 15, 2010 4:59 PM

no.

We had noncorrupt unions that forced disgorgement of profits to workers and a stock market that forced disgorgement of profits to stockholders via dividends.

There simply wasn't the money and board rubber stamping for these jackfuck executives to treat every corporation as if it is their own personal private disneyland with an ATM.

Nov 15, 2010 5:01 PM

You are incredibly fucking wrong.

We became the most prosperous nation on earth WITHOUT an income tax.

When people can't be expected to be intelligent or educated enough to get even BASIC shit like this right, what hope is there?

NO THANK YOU to giving our government MORE money to spend on its cronies.

Nov 15, 2010 5:21 PM

one quibble:  the major discoveries of the 60s were Prudhoe and N. Sea.

Ghawar and Burgan were discovered in the 30s and 40s.

The largest discovery since the 70s was Cantarell, and once it peaked, it crashed.  One must pray to whatever God you believe in that they all don't decline like that.

Unfortunately, one of the biggest fields ever, Burgan, peaked around '05 and has seen 14% YoY decline rates.  This is incredibly bad.

It's very important to not look at in-place reserves for late discoveries, as the production figures of fields like Tupi and Carioca will be laughably small compared to production figures of older fields of similar stated reserves.

Nov 15, 2010 5:25 PM

Minor quibble:  there is an unstatably VAST difference between maritime and wartime ASW.  Anyone thinking subs can operate with impunity during war is a fool.  They will not be surfacing near anything.

Operating a sub when surface ships and ASW helos are actively looking for you is a completely different proposition.  Nevermind the destruction of your sub yards.

Nov 15, 2010 5:34 PM

I have been citing the world C&C production peak in late 2005 for years.  Did it to the deniers on TF, have done it here.

Didn't do any good then, won't now.  People cannot accept that we cannot simply "put the criminals in jail" and everything will go back to the way it was.

IEA's 2010 energy report is awesome.  As was the World Oil Forecast; I have a copy laying around somewhere.  The ENTIRETY of growth in the medium future is fields "yet to be discovered."  HAHAHAHAHAHA.  Morbidly humorous.

Of course we can maintain NGL and nonconventionals production too...forever.  And there is no inclusion of EROI into the production figures...unconventional oil is fractionally as useful as C&C.  The Peak of net is already here

Nov 15, 2010 5:39 PM

good article.  A restatement of drums I've been beating for years. 

Nov 15, 2010 5:49 PM

Mike Pence to public:  GET BACK ON YOUR WHEELS, HAMSTERS

Fuck employment, let's collapse everything so that the elites can cash in their liquidation claim tickets and own every road, water system, power plant, parking meter, building, everything.

Sell them the police too, right?

That way the oligarchs can have DIRECT ownership of your life and FORCE you to run on that wheel.

Nov 15, 2010 5:53 PM

The entire system is full of nothing but fraud at every level.

We are a nation with fraudulent beliefs

Nov 15, 2010 5:59 PM

what's worst is when they purport to DIVIDE reserves by consumption and get "lifespan."  I even had it out with a pipeline engineer on that one, who cited that the tarsands would last the US 50 years or something.  As if you could flow 18mbpd from them simply because that is the math of reserves/consumption.

The tarsands would last the US a couple hours a day is my response. 

Nov 15, 2010 6:25 PM

Bernays more likely

Nov 15, 2010 6:49 PM

I made mention of this somewhere...bernanke is printing the interest to prevent the compound function from collapsing.

Insofar as this doesn't represent real productivity from hamsters who NEED TO BE ON WHEELS WHERE THEY BELONG, the elites who parasite off those hamsters are upset with him.

Sell us the roads and bridges and power lines, but DO NOT dilute our claim tickets, sez the elite

Nov 15, 2010 6:54 PM

naw...its black letter mandate is the stable growth of credit aggregates sufficient to support growth in the economy.

Of course, growth is always assumed, the first part of the sentence dominates.  I wonder if these authors never foresaw an end to growth.  I suppose back in the 30s with the mountains of oil out there, the future seemed limitless.

I mean where is my goddamned flying car, anyhow??

Nov 15, 2010 6:57 PM

anyone who thinks the debt can be paid off is just not math-capable.

It's not a matter of will.  If all debt was paid off, we'd have no money.  Avoidance of interest is impossible.  The system is set up so that the USE of money earns bankers a seingiorage privilege.  They get vig off of every dollar, until QE2.

QE1 went over well because it offloaded the shit MBS en masse from the banks.  But this round seems to have nothing in it for THEM.  I mean, where the fk will the bonuses come from??

It's simply incomprehensible for bankers to not get THEIRS.

Nov 15, 2010 7:01 PM

Yes, yes, and yes...I said the same thing in my reply right below this comment.

When it was mostly MBSs that the banks wanted out of so they could have 'record profits,' they were fine with it.

Buying sovereign bonds???  Where the hell is THEIR PROFIT?  How is a banker supposed to manufacture another record bonus without the Fed printing THEM the free cash?

This QE2 simply does.not.compute. for the banker clan.

It wasn't supposed to go this way...they were supposed to get relieved of all their trash MBS, swap them for Treasuries-slash-liquidation claim tickets, and then AUSTERITY comes.  Raise those taxes, sell those parking meters, jack up fees, FORCE the hamsters onto the wheels and whip them.

Doesn't the Fed KNOW that all its member banks are facing tens or hundreds of billions worth of putback exposure due to all the fraud they committed for a decade?  QE2 doesn't seem to be reflecting the risk to bankerman's bonus like it should, therefore, there must be something WRONG here.

Nov 15, 2010 7:05 PM

maybe Bama has gone off script and he has Bernanke in cahoots

Nov 15, 2010 7:11 PM

yes, all the better for those holding all the bonds (claim tickets) to swoop in and take ownership of the country so it can be rented to us.

Wait, didn't Jefferson have something to say about this inflation then deflation racket?

We must REBUKE what we think is our "conventional" wisdom about what is right here.  We must REFUSE deflation and austerity.  Let the BANKERS fall on the sword, not become owners of EVERYTHING because they did us the favor of conjuring fictitious capital to lend to us.

Nov 15, 2010 7:48 PM

no...they weren't.

This paragraph you wrote about a century long decline took me a mere few seconds to read.

History didn't unfold in a few seconds.  Even the final conquest took 7 years.  There was no sudden shock, no surprise, no instantaneous collapse.

It only *looks* that way when you read about it.  Even Weimar took years.

We are currently in a period which will occupy a few-second paragraph in a future history book.  They will surely ask about how surprised we all were to "wake up" in a geological time sense and find that everything had changed.

Nov 15, 2011 1:03 AM

GFD you are stupid.  All of you deniers are.

You are claiming that production of oil can grow FOREVER.  do you get that?

I mean, if you were intelligent enough to take a step back and examine the implications of your assertions, you would immediately realize what fuckin idiots you all are.

Nov 15, 2011 1:04 AM

you stupid fuck.

Reserves might be unlimited but PRODUCTION RATE has peaked.

Go fuck your abiotic unlimited oil.

Nov 15, 2011 1:05 AM

By this I can reason that an oil peak is inevitable.  You yourself are saying that it is.

Anyone who CONCEDES that nothing can rise exponentially forever is saying they believe in peak oil.  Anyone who denies peak oil is claiming the opposite.

Nov 15, 2011 1:06 AM

whose responsibility is the waste?

Nov 15, 2011 1:07 AM

gonna be hard to support 7B people without it, idiot

Nov 15, 2011 1:32 PM

2.5% is high quality dividends?  LOL

 

Nov 15, 2011 11:39 AM

new credit/money is not being requested.  Therefore, they have to print the coupon.  Simple math

Nov 15, 2011 11:41 AM

she?  wtf

Nov 15, 2011 12:03 AM

lol, yep.  But don't say that because the environuts are preventing us from making that curve continue to go up up up exponentially.  It's all their faults.

Also, all the technology has done is NOT extend lifespan, but enable us to increase production.  AKA, we got bigger straws and sucked oil out FASTER with all the hightech.  We did not magically make huge producers produce for longer.  Technology kept our moving up the exponential curve for longer, but the downside is that the backside of the depletion curves are uglier.

The fields are essentially going fucking dry overnight like Cantarell or Prudhoe.  They fall off an effing cliff to nothingness.  Cantarell was the 2nd largest producing field in the world, then it hit peak.  That ONE field alone lost 2mbpd.  That's 1/40th of world supply GONE in just a few years.  It lost capacity faster than anybody could hope we could bring new production online.

And the magic deepwater Brazilian fields, lol...they're going to produce maybe 500kbpd out of a 10Gbbl resource, nothing AT ALL like surface fields produced from similar sized reserves.  The N Slope was around that size in URR and produced at a rate 3-4x that.

Nov 15, 2011 12:05 AM

take a look at a graph of global population versus time and look at the rocket launch at the onset of the hydrocarbon age.

Nov 15, 2011 12:06 AM

I would say they ONLY HAVE in one university's lab and anyone who represents them as a practical solution at this point to the rearview mirror peak oil is an idiot.

Yes, that means I am calling you an idiot...again.

Nov 15, 2011 12:10 AM

I love that burning tapwater.

FRACKING and IONIC LIQUIDS will save us all!!!!!!!!1111

Nov 15, 2011 12:53 AM

oil would peak with or without government.

Every single well, field, nation, planet eventually hits this point of maximum extraction rate.

Just get over it already

Nov 15, 2011 12:56 AM

are you fucking stupid?

what the FUCK do RESERVES have to do with PRODUCTION?  Answer: NOTHING.

ALL WELLS AND FIELDS HIT PEAK THEN DECLINE.  There IS NO ARGUMENT ABOUT THIS.  100% of them have done so.

It does not MATTER if oil is biotic or abiotic or comes straight out of your asshole!  I am honestly SICK of reading the crap from you idiots who think that the amount of RESERVES is somehow material to an issue of the PRODUCTION RATE of those reserves.

Nov 15, 2011 12:58 AM

HALLELUJAH!

We will just go into DEEP SPACE to get our oil.

Someone help me out here...Titan and Deep Space appear to have INFINITY reserves...what should I expect the PRODUCTION RATE from these infinite reserves to be?

Nov 15, 2011 12:59 AM

ok, zirconium was cladding your idiocy which corroded it

Nov 15, 2011 3:51 PM

at least they are backed by the US Government, as opposed to gold, which is backed by nothing!!!!!!11

Nov 15, 2011 3:58 PM

not really...oil is in supply decline and NG is suddenly in supply glut due to fracking

Nov 15, 2011 7:51 PM

yeah, um...to recover, they will actually have to foreclose and then SELL...aka, let the market clear

Nov 15, 2011 7:57 PM

ROTFL..."top talent" in organizations that are fucking 55% black??!?!  WTF, talk about does not fucking compute.

FNM/FRE are diversity dumping grounds full of complete incompetence.

And Bachus can go fuck himself along with the entire Congress.  Fucking new rules going into effect to shut down coal plants, driven by the NE demofags.  Where the fuck is their electricity supposed to COME FROM?  Fucking FAIRIES?

Oh, but look, NG is so cheap, let's put EVERY single watt of generation capacity onto that...so when it peaks and declines savagely we can all go fucking dark in an instant.  JFC, these morons all need to be locked in a room and burnt to death.  I mean, they are so sick and revolting that you kind of demand a really tortuous death for them.

Nov 15, 2011 7:58 PM

another diversity dumping ground.

Diversity fucking kills everything it touches

Nov 16, 2010 1:00 PM

The dollar ISN'T weakening...since QE2, it's done nothing but go up as all other assets except Robo's vapor PE retails have gone down.

Perhaps the POG, oil spikes moved them to take action.  The sudden euro weakness is an incredibly convenient development like the day after QE2.

Congrats to anyone who shorted the day after QE2

Nov 16, 2010 1:17 PM

noting similar things and am very leery.

If the Fed is really going to let things go, and we repeat 2008, there is plenty of time to make assloads short

Nov 16, 2010 1:19 PM

someone is going to end up shot over this

Nov 16, 2010 1:24 PM

OTOH, stable yield MLPs are getting crushed...is this the canary singing that the Fed is really gonna try on higher yields?

If there is no demand at 0%, who the hell is gonna borrow at 2%?

Nov 16, 2010 12:17 AM

OMG...you mean that chinese pair of jeans that cost $5 to make will now cost $7???  HOLY SHIT HOW WILL GAP SURVIVE?!?!?!?!!?!

Nov 16, 2010 12:22 AM

Fuck gold...COTTON BALLS BITCHEZ

Nov 16, 2010 12:24 AM

degubmint better start mailing checks.

Bc that whole "let's dole it out to the bankers" trickle down shit went fuckin NOWHERE.

I mean, the rage that's going to be brewing.  The 300 that were opposed to the whole TARP fiasco are not going to forget the 1 in favor.

Bankers got theirs...billion dollar bonuses.

Nov 16, 2010 12:26 AM

leveraged speculation can't be allowed to distort price signals.

I've got no problem with this...put the same requirement on any shorts including JPM or the large commercials, and let's get real price discovery

Nov 16, 2010 12:28 AM

there is precious little out there that isn't technically superior to cotton.  The reason cotton is so ubiquitous is because it is permanent press, machine washable.

Wool and linen beat the shit out of cotton, but they have to be line dried and taken care of.  Cotton is a disposable fabric for a disposable world.

Nov 16, 2010 12:43 PM

yeah, it does.  Every previous time, the Fed has stepped in with a liquidity spigot and reversed the hell out of this.

Decisions, decisions...

Nov 16, 2010 2:02 PM

So what is gonna happen when people realize that 95% of them are jewish?

Nov 16, 2010 3:28 PM

exactly.  Cut the fucking banks loose and put the bankers in a noose.

This "average" bonus is because they shed a lot of the littler people.  The execs will preserve their bonuses if they have to fire everyone.  Seen this everywhere in the private sector over the past year or two.

Nov 16, 2010 3:31 PM

well, it flies right in the face of those who think that the banks are either "creditors" of anyone or will lose through inflation.

Nov 16, 2010 4:58 PM

wtf, bitchez

Nov 16, 2010 7:51 PM

my contacts in business, particularly in staffing, are telling me that it is brutal out there, even in DC.  There simply aren't a lot of jobs to come by.

Nov 16, 2011 1:25 PM

yes but none of those economies are going to grow enough to repay those debts.

The entire world owes more hamburgers next tuesday than can be repaid

Nov 16, 2011 1:28 PM

you're still speaking mostly french

Nov 16, 2011 1:29 PM

His Grace.  HRH is for a crown prince

Nov 16, 2011 12:35 AM

Can he kill fire with those guns?  Then he can't last long at all

Nov 16, 2011 12:41 AM

I dunno...hell is pretty much the british in any of those other roles

Nov 16, 2011 4:17 PM

thank you affirmative action!

Lord knows all the great inventions of the next 100 years will surely come from all these women, instead of a vapid consumer brand snob shopping culture.

Nov 16, 2011 4:21 PM

gold is being suppressed?  WTF?

Have u looked at the price charts lately?  It ran way the fuck up before the euro crisis.  Maybe pay attention next time?

Nov 16, 2011 4:30 PM

bbbut...bbbut...PILOTS will still fly, right?

Nov 16, 2011 4:32 PM

defeat?  LOL...destroy.

Nov 16, 2011 6:44 PM

dude...china is a gigantic ponzi with so much capacity that the majority of the country is unprofitable.  You don't get what all that debt went to yet, huh?

The demand signals coming from the west by debt growth forced through the creditmoney system's inherent need for perpetual expansion were WRONG.  China is facing an all-out collapse; they will have no choice but to print to cover their own internal bad debts as they sterilized all of the reserves already.

Everyone has this notion of China as a rich nation; nothing is further from the truth.

Nov 16, 2011 6:54 PM

IT'S ALL BUSCH'S FAULT

Nov 16, 2011 6:55 PM

fuck you; I paid my loans.  Pay yours or give me the same benefit you get

Nov 16, 2011 6:57 PM

look dude if they default, they aren't going to have any POWER to declare ANYTHING.

You know what most people would do if the gov't defaulted and the police weren't going to work and shit like that?  Hell, pack a few assault rifles to the Capitol and waste a bunch of congress.

When nobody is taking the government's paper, they are going to need to offer the goons something real in exchange for protecting their miserable lives.

Nov 16, 2011 6:59 PM

not seein how this crap can last another 4 years at this rate.  Good that he'll be regarded in the same vein as Hoover

Nov 16, 2011 7:03 PM

sounds good to me

Nov 17, 2010 1:02 AM

Look, the TP was elected to try to pretend that we can just take all the "welfare" back, usually from all those miscreants and brown people.

Nobody questions the holy military or the wars or Social Security or "keep your gov't hands off my medicare."

There isn't enough fat to cut if we fire every federal worker, end foreign aid (except Israel of course), and put up a border fence, and cut ALL welfare.  Not even CLOSE.

Nov 17, 2010 1:06 AM

GFD, I have made north of 200k and 250k many times...that's rich.  GTFO here with the fucking crocodile tears about how you are poor or really middle class earning 10x as much as the bottom 50%.

How the fuck do kids ADD SO MUCH to your bottom line that you still aren't rich on 250k?  This is nonsense.  And, I have two of them, full time, and the bitch pays no child support.

250k is inarguably rich...look at the freaking tax breakdown.  100k is rich relative to what the VAST amount of people earn.  Those who refuse to accept this need to pull the head out of the ass

Nov 17, 2010 1:07 PM

Jewms Kunstler is no different in that regard.

I find it laughably odd that he IMPUTES such knowledge to Obama, when the man is very obviously utterly fucking clueless.

Don't EVER confuse erudition for intelligence.  True, they tend to correlate, but one does not prove the other.  And don't assume people know things, when they appear NOT TO.  Downing Effect in play with Jewms.

Jewms is most afraid, if you read his blog, of an anti-jew purge, the so called "cornpone Nazis" that he thinks all non liberal southerners are.  Ironically he has a gun permit to CARRY when he derides the south and all its guns rather frequently.  Basically he is deriding anglosaxon whites who in his mind are all seething racists and violent cretins.

See, Jewms Kunstler can see that 95% of the bankster oligarchs are his cousins and he knows what happened when they collapsed the USSR and took over as the plutocracy there.  Wasn't long before a NATIONALIST took over and these crooks either ended up jailed or running to Israel.  Putin didn't exactly break out the zyklon B, he fairly targeted those who were raping the nation.

Kunstler wants a world according to his design, and he does have some good ideas.  But his ethnicity is a CONSTANT filter to his ability to see the world correctly.

Nov 17, 2010 1:14 PM

Jeez, you're stupid.

You say this same mantric shit every time the peak oil problem is brought up.

Just techno polyannaism.  CHEAPER sources of energy...than oil?  HAHAHAHAHAHAHA

You have been slapped around in PO discussion so many times, yet you are unrelenting; this is precisely what is WRONG with this country and with people in general.

You're WRONG, ok?  It's time to own up to that.  You're wrong like all the people you bleat about who won't accept the correct crap you say about the Fed or the economy.  You complain that they won't listen.  They are resistant to persuasion by the truth.

Yet HERE YOU ARE doing the very SAME THING.  Amazing

Nov 17, 2010 1:15 PM

JFC, you're ignorant.

The US produces 5-6mbpd, we consume around 18 right now.

This means that the US has enough domestic production - WHICH IS FALLING AND HAS BEEN SINCE WE PEAKED IN 1970 - to last about 1/3 of any given DAY.

Nov 17, 2010 1:16 AM

taxfoundation.org has the income tables which break down the percentiles.

250k is top 2% of income.  It's a lot MORE money than the VAST MAJORITY of people earn.  It is objectively rich.

Is it Bill Gates money?  Of course not.  But the fact that there is someone out there making $1 more than you does not make you not rich whether or not you like how that sounds.

People have a self-delusion about what being rich is like.

Nov 17, 2010 1:19 AM

We can all just go to work in all those factory jobs out there waiting for us.

Look, maybe you've been asleep for 20 years, but the kleptocratic executive class outsourced everything except themselves to somewhere else and have been pocketing the profits.

Nov 17, 2010 1:31 PM

You're right.

Mexico's STATE oil company, PEMEX, LET Cantarell's production crash from a peak of 2.1mbpd to 500kbpd because they really WANT less revenue.

There is no getting through to idiots like you, is there?

Nov 17, 2010 1:40 PM

Look, I have cited the 2005/06(IEA) peak in C&C production many times and it cannot DENT the stupidity of those who believe oil production will rise exponentially forever.

May as well just be abusive.  A $147/bbl oil price did not increase production in 2007; the 2005 peak still stands.

Sure we have higher nominal flow rates from nonconventionals and other sources which produce substantially LESS NET OIL than C&C.

Most people don't have a fucking clue what bitumen is or how much NG they have to burn to process it.

Nov 17, 2010 1:45 PM

YES, FUSION.

Goddammit, I am ENTITLED TO FUSION.

WHY THE HELL ARE "THEY" not just COMING UP WITH THIS NOW WHEN I DEMAND IT?

Those goddamned scientists and their stupid "physics"!!!!11  What matters is the power of IMAGINATION.  I can imagine pumping water uphill and getting MORE energy through its flowing back downhill than the energy I expended!!!!  I can IMAGINE perpetual motion and antigravity.

So don't TELL ME about physics and maths and all this bullshit.  The HUMAN ELEMENT is the most critical.  WE are #1 at bestness.

Nov 17, 2010 1:48 PM

Retard, how do you reconcile this with the abysmal employment numbers?  I mean like 15% of the country is on fucking food stamps.  Sales tax receipts are down across the board and California's municipal bonds are crashing faster than oil.

CSCO's numbers shit on your thesis.

Nov 17, 2010 1:58 PM

wow.  I thought it was impossible for someone to be as clueless as you are.  I was wrong.

That you believe this shit you say is utterly amazing.

Reserves do not matter, even your complete bullshit reserves figures.  Flow matters, and more critically net barrels or EROI.

Wow...a gusher in the GOM means that oil production will rise forever.  JFC, how do you get to that conclusion from a blowout spill in the GOM?

It doesn't matter how much oil is THERE, moron, it only matters at the rate we can EXTRACT IT.

Oil consumption is a RATE, ok?

Nov 17, 2010 10:02 AM

interesting announcement but maybe just noise.

Either way if anyone sees any kind of return to BWish monetary standards, it would be wise to start stockpiling

Nov 17, 2010 10:05 AM

yeah, I would REALLY like to shop wherever they do...

I can personally point to where a bag of chips used to be full of air and around $3, then they put a real load of chips in and jacked it to $3.87 most of this year, then $3.99 lately

Nov 17, 2010 12:35 PM

everyone should study the work of Frank Luntz and NLP.

Entire discussions are framed in terms of emotion-inducing words.

Look at abortion.  There is no pro abortion and anti abortion.  There is PRO "choice" and PRO "life."  Why?  Because PRO is good, anti is negative.  Choice is good and life is good.  Abortion is negative.

When someone who is opposed to abortion cannot bring themselves to say I am anti abortion, and someone in favor of abortion cannot bring themselves to say I am pro abortion, then you should immediately identify cognitive dissonance where their poorly-reined emotions are fighting with their poorly-trained logical faculties.

The problem is that this language smithing works...Edward Bernays was the father of it and it has turned into a science.  You can manipulate emotions by your particular word usage patterns as well as other intentional visual and body cues.  And there are 50% of the population out there who simply are NOT cut out for resisting this, as a matter of basic biology.

Nov 17, 2010 12:50 AM

you been spot-on this week, man.  This is how I see it as well.

There's a battle between the austerity crowd which is the aristocracy holding all the claim tickets and those trying to ward off deflation.

Bernanke for his faults, does not want to go down in history as the one who oversaw the divestiture of the nation to the oligarchy.  Perhaps he fears the rise of the inevitable Hitler figure.

Or maybe Putin...let's recall what happened when Putin came to power.  All the former oligarchs were jailed or RAN TO ISRAEL.  The purge is coming under a collapse...it's inevitable.

I'd just prefer not to live through the 10 year period of hell nor the aftermath.

Nov 17, 2010 12:50 PM

VAT just means 6.5% more money for the crooks in DC to give to their crooked cronies, bankers, wall street, major corps, etc.

The solution to the gov't leviathan is to deprive it of money.

Anyone who believes the 6.5% will go to deficit reduction is a fucking MORON and a fool.  But, go have the argument with some rah rah party friends.  They'll INSIST that the money is going to that just as they INSISTED that the extra "1 cent" of state sales tax was really going to roads or schools and the lottery too.

Yes, despite a 100% track record of having been PROVEN bullshit, these idiots will just get in line behind whatever idiotic shit is advocated by their party.

If you argue against this tax, you will be told "we have to pay down the deficit." And when the deficit doesn't go down, the government will come back for a higher tax and these SAME IDIOTS will tell you that is necessary too.

I think average people actually LIKE being abused and shat upon.  It gives their miserable lives some righteousness in being a fucking worthless victim.  I don't know who the hell EVER thought being a victim or a loser was somehow virtuous.

Nov 17, 2010 12:59 AM

we CAN'T pay down the debt...EVER.

Do you REALLY believe that we should REPAY banks with interest in REAL production and REAL work for fucking capital they CONJURED from thin fucking air to lend to us?

EFF that.  Screw the banks, tell these goddamned usurers to go fuck themselves.  Run them all back to their stupid little apartheid state like Putin did.

Nov 17, 2010 2:04 PM

Let's talk about it then:  your basic assumption is incorrect.

I say what I say to provoke a reaction by the use of what some refer to as "hate facts."  In fact, I am speaking the truth and I do so in a way as to provoke a pavlovian response in the audience.

Do me this favor:  review my statements of fact in the abstract.  If you cannot take issue with them, but you still feel uncomfortable reading them, then the problem is not with the facts, it is with you.

I will tell you that ANYONE should have a problem with a notoriously nepotistic and ethnocentric group having a stranglehold on the financial and media sectors.  Do you dispute this?

But, should I attach "jew" to this statement, suddenly, it's a problem, isn't it?  You've been conditioned...

Nov 17, 2010 2:12 PM

Please do me a favor, then...point out SPECIFICALLY the anti-jewish statements I made in the above-referenced argument.

After you fail to do so, because there actually weren't any, please reflect on how your own conditioning led you to believe that I was making anti-jewish statements.

What was it, the reference to Zyklon B?  Calling him Jewms?  Or was it the use in any manner of the word "jew."  I've ofted noted that even using jew instead of "jewish" starts to provoke this kind of pavlovian response.  Sorry, but at some point you got mindfucked and have started reacting to things that actually aren't there.  It's important to be dispassionate.

Nov 17, 2010 2:46 PM

no, racist is a word people like him use to cloture the statement of facts they wish weren't true.

The label no longer has any meaning.

Nov 17, 2010 2:53 PM

why does my personal relationship with jews matter?

You stipulate the existance of the elite.  Good.

I, of course, would concede that many jews are as irrelevant as anybody else.

But, again, I highlighted that Putin did not purge "jews," he purged oligarchs that happened to be dominated by jews.  The people who were not involved were not messed with.

Who is blaming YOU for any problems?  I have not pointed any blame at those other than who are responsible.

You need to differentiate who *I* say is responsible from Kunstler's "corn pone" demagoguery.  Jewms's fear is that people will realize how many of the Fed board is jewish, how the filthy media is dominated by jews, and the racebaiting "advocacy" groups are jewish run and funded and we might have another holocaust.

I think that's a FAIR fear.  The SOLUTION however is not to pretend that white people are all genocidal maniacs.  It's like people being profiled because they match the characteristics of those who have committed crimes.  Whose fault is it?  Is it the profiler or ALL the people who committed the crimes?

The solution is not to pretend that jews don't dominate these parasitical industries, the solution, as I've said to jews that I know, is for JEWS THEMSELVES to clean up their fucking act before some shit happens that they ain't gonna like.

You say you have not harmed "me" but then that there are "people" who blame you.  This is a classic strawman.  I have not blamed you.  So are you concerned about ME or about "people"?

Nov 17, 2010 3:02 PM

Excellent!

I hope people like MsCreant are reading this exchange as a case in point.

You initially claimed I made "anti-jewish" statements.

Then, when asked to SPECIFICALLY point out the antijewish statements, you could not and fell back to a classic CLOTURE tactic of generic accusation of racism.

I called him "jewms" and called the banksters his "cousins."  Kunstler is a jew.  Calling him jewms was merely pointing out his ethnicity.  As a relatively small and ethnocentric group, the banksters really ARE his cousins.

NEITHER of these statements was anti-jewish.  Yet even when confronted with these PLAIN FACTS, you cannot RESIST throwing out the "well if you don't think this is racist, then I won't talk to you."

Buddy, you got mindfucked somewhere along the way and you aren't thinking straight.  You had a pavlovian reaction to my original post, responded with a conditioned response, and when I specifically asked you to review your evidence for corroboration, you encountered cognitive dissonance.  This is a sign that you are having trouble reconciling your emotions with your logic.

Nov 17, 2010 3:07 PM

naw...IEA's production growth thru 2035 is mostly made up by "oil not yet discovered"

IOW, BWAHAHAHAHAHAHAHAHAHAHA...we need 2 or 3 more Ghawars.

The abiotic crowd says that these things are out there lurking underneath Wal Mart parking lots

Nov 17, 2010 3:11 PM

there are people who understand and accept peak oil and then there are idiots...but around here everyone get junk'd

Nov 17, 2010 3:14 PM

HAHAHAHAHAHAHA

GFD, I just can't take anymore of this.

Dude.  Do you have ANY IDEA how paltry the wattage is of a biological machine?  I mean what can Alberto Contador light up, a few fucking lightbulbs?

A car motor is SO VASTLY beyond what these chemical processes can achieve...not even in the same galaxy, power-wise.

The possibilities are limitless...LOL, how goofy.  NO, they aren't.  Dude, get a grip.  It does nobody any good for you wacko polyannas to go around spouting your technobabble pie in the sky bullshit about how if we'd just wish upon enough fucking stars sufficiently strenuously, all our dreams including perpetual motion would come true.

Nov 17, 2010 3:30 PM

we have too many jews in finance and media who are wicked people.  I've never said we just plain have too many jews.  But we could surely use more diversity in media, finance, and race hustling.  Ok, maybe we could do without that last one.

It's funny how lack of diversity isn't an issue except if it's anglosaxon dominance of an industry.

As far as Kevin MacDonald, I've read some of his work and I think he is factually fair.  At some point, let's break this down real easy here...jews need to begin to really understand why people historically haven't liked them.  The REAL reasons.  Start with why jews can't stand other jews and work from there.

Likewise, blacks should understand why people are afraid of them.  And whites should understand why asians consider them barbarians and whatnot.  Pretending that the ENTIRE lot of the "other" is utterly irrational, crazy, stupid...look, it's NEVER not you just everybody else.

It does nobody any good to think the Holocaust was caused by some kind of irrational hatred without merit.  That is a whitewash.  It's no more true than that Hutus just decided for no reason to slaughter every Tutsi they could find.

SURE, most of the victims were innocent...but that's not the point.  The point is the root cause.  However, as soon as you go down the road away from "the victim was innocent in the absolute" you start uttering "hate facts."  Someone will chime in with the cloture word "racist" to get you back toeing the line of orthodoxy.

Kunstler is smart enough to KNOW, though he keeps his cards close, WHY the Holocaust happened and he fears the parallels to today.  Why should he fear them if the whole thing had no cause and was reasonless?  In fact, in his blogs he has wondered aloud about what happens when them cornpone natzis wake up to the fact that the power on the Street is 95% jewish.  He's worried that it will be he who is on the train arriving at the Treblinka of the future looking at a nonfunctioning clock handwound to the present time.

Facts should not be threatening...they are just facts.

If people were to call me an asshole...I might ask why they say that but I'm not going to dispute it.  Say I can be aggressive, say that I like conflict or to push buttons...sure.  I appear to be relatively alone in that self-awareness.

You don't have anything to fear from me as I am rare in being able to separate "the perpetrators are jews" from "jews are the perpetrators"...unfortunately, most are not.

Nov 17, 2010 3:47 PM

I suppose.

But, I have some sympathy for jews...K. MacDonald describes some fair typical characteristics of aggressive interpersonal behavior, high IQ, etc...that I happen to share.

However, I don't blame regular people for disliking these things.  I recognize that they aren't likeable, that I don't "play well in groups," etc.  It is what it is.

However, on the flipside, it is NOT ACCIDENT that the positions of significance in finance and media are nearly 100% jewish.  It's not.  To claim that this is for reasons other than nepotism is absurd in the extreme.  There are ample smart-enough anglosaxons that it is not jewish IQ dominance either.  One really need only look at the history of invention and science to see that it was dominated by Europeans from Tesla, a slav, to Mendeleev, to Lavoisier, to Newton.  Jews disproportionate as they do in high IQ; I've got no problem with this.  But a 95% jewish FRB is a sign of nepotism, plain and simple.

Hell there are posters to this forum who've described what many of us have seen, that the tribe sticks together.

I say, so what?  Ok, so perhaps it is time for every "group" to themselves, what, like in prison?  I mean I watched some prison tattoo show last night talking about "white supremacist" prison gangs.  Newsflash...they aren't white supremacists.  They are a gang that banded together along ethnic lines just as black and latino gangs do in the joint.  If you don't band together, you will be cut off and killed.  These criminals aren't SMART ENOUGH to consider themselves supreme at anything and they all admit they joined the AB because on day one a black gang beat the shit out of them.

I really would hope that someday humanity can get beyond all this tribalist shit.  As of now, everyone tribes up except WASPs, because that is RACISM.  We need to pick either this tribal shit for everyone or else no tribalism for anyone and start judging people on individual merit.

Tutsis formed the disproportionate dominant group in the Rwandan ruling class.  They were backed by certain colonial powers.  They tended to be taller and lighter skinned than the Hutu majority.  I mean, easy shit here, DO THE MATH.  Obviously, among the 1% that controlled the country, the vast majority were Tutsis.  Most tutsis were not in that 1% of the population that controlled, but when TSHTF, facts go out the window.  It became US against THEM.  This is how holocausts happen

Nov 17, 2010 3:56 PM

LOL.  You know one of my very good oldest friends is a Jap and we make fun of each other all the time.  I make atomic bomb jokes and he says white people are more like apes.

I think diversity is a thing that should be made fun of...class characteristics say nothing about individuals and vice versa.

What is most troubling is this indian friend of mine at work often makes off color racial statements in the elevator and people laugh.  Soon as I follow up, as a white man, you can basically FEEL the discomfort in the elevator.

I could see had I called him "Jewms Kikestler" or something that somebody might have a point, but I haven't used any ethnic slurs yet.  I only use those on good friends...like Gran Torino

Nov 17, 2010 4:12 PM

excuse me, are you talking to me??

Because if you were then is this some kind of a joke?

The economic elites are not a scapegoat, they are to blame.

I think I have said, oh...I dunno...a THOUSAND TIMES that the guilty pay regardless of ethnicity and that is EXACTLY what Putin did.

His oligarchs were jailed or fled to Israel.  That's a fact, I mean you can put it in your pipe and smoke it.  If we get a Putin here, the same thing will occur, a lot of fleeing to Israel by former oligarchs. 

The rest of your stupid post is so shoddily worded and dissonant in its kneejerk accusations that it's not worth responding to.

Nov 17, 2010 4:37 PM

totally ludicrous.  Worthless.  Pointless.

what happens when a tank shows up or more people than you can shoot with one rifle?

Nov 17, 2010 4:47 PM

WOW.  Just...wow.

You know the IEA had forecast a peak in like 2025 for the past bazillion years?  I mean, just for them to even admit this and change their forecast at all was a huge deal.

You want other sources?  Gosh, there are only like a dozen of them, most of them forecast peaks and are cited in the Hirsch Report, which you can google for.

Or you can try TOD as they have reference to most of those plus others which are more recent.

As for shortages, what do you think the runup in 2007 was?  C&C peaked in 2005, the reason price kept going up was because we were consuming inventories.  Demand was greater than production for that period.  After the 2008 crash, the US cut consumption by around 10%, which provided the slack capacity necessary to drive down prices.

To refute your "economist" thesis about scarcity leading to alternatives, let me lock you in a cage till you start to starve and let's see if a sandwich manifests itself.  In case this went over your head, demand does not CREATE supply all by itself.

As for "new sources," this is patently false.  No new sources have been known to magically appear once a commodity becomes scarcer.  Perhaps alternatives might be employed, but in some cases, there just aren't any. 

Helium peaked in 2002...where are the magic alternatives?  Where is the new supply of gold, whose production peaked in 2000?

Nov 17, 2010 4:49 PM

WOW.  Just...wow.

You know the IEA had forecast a peak in like 2025 for the past bazillion years?  I mean, just for them to even admit this and change their forecast at all was a huge deal.

You want other sources?  Gosh, there are only like a dozen of them, most of them forecast peaks and are cited in the Hirsch Report, which you can google for.

Or you can try TOD as they have reference to most of those plus others which are more recent.

As for shortages, what do you think the runup in 2007 was?  C&C peaked in 2005, the reason price kept going up was because we were consuming inventories.  Demand was greater than production for that period.  After the 2008 crash, the US cut consumption by around 10%, which provided the slack capacity necessary to drive down prices.

To refute your "economist" thesis about scarcity leading to alternatives, let me lock you in a cage till you start to starve and let's see if a sandwich manifests itself.  In case this went over your head, demand does not CREATE supply all by itself.

As for "new sources," this is patently false.  No new sources have been known to magically appear once a commodity becomes scarcer.  Perhaps alternatives might be employed, but in some cases, there just aren't any. 

Helium peaked in 2002...where are the magic alternatives?  Where is the new supply of gold, whose production peaked in 2000?

Nov 17, 2010 4:59 PM

40kbpd of uncontrolled flow would have fallen off very rapidly.  The field simply isn't that big

Nov 17, 2010 6:13 PM

Heart?  I am ALL HEART MUTHAFUCKA

Anyway, movie quotes aside, I like your scifi writer's total head up ass polyanna shit.  It makes me weep, man, it really does.

Feel free to walk around with your head in the clouds dreaming up antigravity while those of us with ACTUAL engineering degrees understand that there is NO WAY out of the 2nd Law.

You don't have a solution; you have a lot of crazy bullshit, but that's ok.  We need crazy bullshitters like you, as it takes all kinds in the village.

Your dipshit scifi writer saw no laws that were unchanging?  Then, to be totally blunt, HE'S AN IDIOT with NO SCIENTIFIC KNOWLEDGE whatsoever.  Physical laws are physical laws, whether or not his dumb ass saw them.

The laws of motion haven't changed in several hundred years; tweaked by Relativity, yes, but changed?  Swept away?  NO.  For all intents and purposes F STILL = MA.

This might surprise you but the way shit works is governed by physical laws which do not change.  Atoms are still bound by the same forces as they were 10 billion years ago and will be 10 billion from now.

What really is insignificant is all this stupid human imagination...it's really arrogance more than anything else.  Its pinnacle appears to be your notion that you have solutions for everything.  Amazingly, nobody is taking you up on them.

Nov 17, 2010 6:16 PM

Racism?  LOL.

Where?  I painted with a brush where?

Salivate some more for me, dog.  Your bell is ringing.

Nov 17, 2010 6:20 PM

yeah...except for the fact that I didn't use a single ethnic slur or make a single derogatory reference to the jew class of persons.

Not one.

Which is why I have REPEATEDLY asked anyone who takes issue to SPECIFICALLY point out the anti-jewish statements in my post.

Normally, I would laugh out loud and tell you drooling dogs to simply STFU, but I respect MsCreant and am proving a point.

You are salivating to a fucking BELL.  The evidence is right there in front of you, EXAMINE IT.  Face the truth.

Nov 17, 2010 6:23 PM

well it would help if you guys could show even ONE real world example of TSHTF where being out in the country was better than the city.

Because, you know, like, people who've lived through these collapses in S. America prefer the city.

I mean, yeah, Madmax was a great movie; I loved the supercharged muscle cars and great hairdos and costumery as much as the next guy, but that was FICTION.

Nov 17, 2010 6:33 PM

Dude, peak does not mean OUT, ok?

It's very critical that you understand what Peak is.  It is merely the maximum sustained rate of production for any well, field, country, or the globe.  I explained this to tmosely last time on the last peak oil topic, in gory detail.

NEW supply of gold?  WHAT?

Dude...you listening?  Gold production PEAKED in 2001.  Every year after that, gold production has fallen.  Now, it made a run at the 2001 peak in 09, but it remains to be seen if that was merely a blip.  At some point, ALL RESOURCE production INEVITABLY peaks, even water, despite the fact that water is indestructible!

SO what if there is new supply...production continues to fall!  The "new" supply merely MITIGATES the production decline.

As for this patterns based on past experience...sheesh, man.  I've dropped a hammer from my hand and 100% of the time it has fallen toward the earth.  Hubbert's US Peak forecast was based upon his PAST experiences at other wells and fitting their production curves to the US as a whole.

The future is NOT unknowable...just because YOU do not understand how someone can know something does not mean that such a thing is not possible to be known.  This is the Downing Effect.

Hubbert CALLED US peak oil 20 years prior to its occurrence.  Pretty freakin good, huh?  This is not climate modeling, ok?  Peak "theory" is actual hard science. 

The problem is that engineers and geologists and oilmen KNOW about peak...they have for 50 years.  It's fact.  The general public does NOT know about it and assume that if it were real they'd have heard of it, because gosh it sounds serious.  Again, this is a mistaken assumption.  I've had very intelligent friends who didn't accept peak until I had to explain it a dozen times to them and they could find absolutely no basis for dispute.

It is apodictic that ANY resource, even an infinite one, will find a production peak. 

Nov 17, 2010 6:38 PM

and after witnessing this and what passes for discourse around here, could you or anyone else question why I am so frequently abusive?

You should have - seriously - stepped into the conversation, looked him dead in the eye and said, "you are an idiot."

If he continued, have Downing Effect ready on your smartphone via wiki and read it to him.  This is really what is in play; he believes, erroneously, that he is way smarter than he actually is.  I see this a LOT.

Nov 17, 2010 6:45 PM

Again, I know you mean well, but please do not do this.

You cannot divide reserves by consumption to get lifespan.  Don't do that; it's misleading and horribly so.

Even if flowing 40kbpd, Macondo blowout DWH1 would have produced .000005% of the world's daily oil needs.

There was not "14 hours' worth" of oil in Macondo...there was a few seconds worth per day.  ALWAYS divide production by consumption, never reserves by consumption.  If you do the latter, people hear that we found 30Bbbl in Carioca and that "gives us a few more years" and they think the can can be kicked and peak will just keep getting pushed out as we find all these gigantic deep, hot finds.

Deeper wells also have shorter time-to-peak and quicker production collapses post-peak...cool, huh?

Nov 17, 2010 7:15 PM

now post pics...and u'll have a spouse off of ZH lol

Nov 17, 2010 9:11 PM

Moody's goin to BAT for the oligarchs holdin those liquidation tickets!!

They want to see taxes up, spending down EVERYWHERE.  GET ON THOSE FUCKIN WHEELS, HAMSTERS!!

The Bernank turns out to be the only friend we have anymore...lol

Nov 17, 2011 3:20 PM

silver is getting absolutely destroyed.  I guess $60 isn't happening next week anytime soon.

A lot of bagholders been created by silver pumpers lately

Nov 17, 2011 3:26 PM

Dude, WTF?  I mean SERIOUSLY, WTF?

Why are you being so AGREEABLE, asshole?  lol

Nov 17, 2011 3:28 PM

keep fighting the current, then...fuckin pumpmonkeys

Nov 17, 2011 3:43 PM

she lost it when she went beyond "Crony of Obama"

You want to make a point, make it ONCE, don't beat it to death, then let the rest of your character assassination buttress the point.

Nov 17, 2011 4:52 PM

ur stack is buying less of everything else today, bagholder

Nov 17, 2011 4:53 PM

i've been thinking...there is no credible way that anybody could be as stupid as you continually appear to be, so you simply have GOT to be a shill for someone trying to create lots of silver bagholders.  It's either that or you actually DO believe the moronic stuff you type, in earnest.  I'm just not willing to believe yet that anyone could possibly be that dumb.  Convince me.

Nov 17, 2011 4:56 PM

until the g-forces pull them off?

Nov 17, 2011 5:12 PM

flew right over your pinhead, didn't it?

Nov 17, 2011 5:15 PM

remember this time in 08 is when a vicious countertrend rally on no volume was kicked off...stay thirsty my friends

Nov 17, 2011 5:18 PM

you wouldn't still be here if you hit 2.4M off of 100k.

If the money was real and you didn't walk the fuck away when i said to, then you're an even bigger fool than you appear to be by passing off a pretend account as real

Nov 17, 2011 5:20 PM

these figures, 2.24B??  CHUMP CHANGE

Nov 17, 2011 5:28 PM

ah the old canard of bagholders "my account value isn't 0 because I haven't pressed the sell button"

Nov 17, 2011 5:29 PM

nah it's actually awesome to be me.

I guess I am a bit of a bagholder; I just bought some silver...cufflinks.  From Hermes.  Just to celebrate being awesome

Nov 17, 2011 5:30 PM

well, you managed to convince me that you're pretty frickin stupid, so don't sell yourself short, man

Nov 17, 2011 5:34 PM

they ran out and bought with both fists at 49.99

Nov 17, 2011 5:36 PM

that's chump change...MF Global stole more than that in client funds, FFS

Nov 17, 2011 5:41 PM

if you continue to trade you are going to eventually revert to the mean.

If you get to 2.4M, you walk away like I said.  Look, I was one turn of the wheel away from that stash in 08 and I was trading real money and not pretend.  I did not waste my time on ZH when I was up a couple hundred grand in a day.  I was busy doing something useful.

Stop fronting, anyhow.

Nov 17, 2011 5:45 PM

sure...capital is real and liquidity is manufactured from the CB's asses.

...and 2.4B worth of liquidity is chump change.

Compared to the size of swap lines in 08, this is nothing.

Nov 17, 2011 5:46 PM

it's just patching up an accounting sheet hole man, it's not like it's "real" money.  Chillax

Nov 17, 2011 8:29 PM

huh?  kids are right here dude, the wife i had to get rid of

You're pretty brazen for a dude who wants to stack silver and lord it over starving people

Nov 17, 2011 8:30 PM

oh nooooooooooooooooo

the mighty AKOCK is going to click my red arrow...wtfever will I do? How will I live??  How will I find the strength to carry on?

Nov 18, 2010 1:10 PM

Corruption like this should be punished with jail time.

Rattner was an insider, who used his government position to enrich his cronies.

Nov 18, 2010 1:44 PM

they don't have shit.

Well, ok, they do have such massive pollution that the entire nation is more akin to a toxic waste dump than a country.

We exported inflation and toxic waste...why the fuck people think the air and water are so clean here?  LA doesn't even have that massive smog problem anymore.

Nov 18, 2010 12:17 PM

It's not the Fed, it's the government.

The mandate to goose the stock market comes from the government via the Fed.  These are a fused entity now

Nov 18, 2010 2:10 PM

there's no choice here...growth isn't paying the interest on today's debt because there is no growth.  Therefore, the Bernank has to print the interest.

The mathematics of this aren't terrifically complex so long as you understand how our monetary system works.

Nov 18, 2010 2:16 PM

i bet his blood pressure gotta be higher than the gold price by now

Nov 18, 2010 2:20 PM

seems to me that the big MBS pigs are saying to the Fed:  it buys more MBSs or the market gets the hose again

Nov 18, 2010 2:23 PM

The SEC is investigating them?  Why, did they hear that Citi put porn in the disclosure docs?

Nov 18, 2010 6:25 PM

Falcone was the one on that fuckin grassy knoll!!!!!!111

I knew it!!!!!!!!!1

Nov 18, 2010 6:54 PM

Douchinger isn't a founder of the fucking tea party...GTFO with that shit.

Take that nuthugging back to TF where it belongs

Nov 18, 2010 6:55 PM

NOBODY would follow Douchinger, because, well...he's a DOUCHE.

He has the charisma of a leper with herpes

Nov 18, 2010 6:59 PM

Gold is not being affected long term by this financial bullshit.

JFC, look at the price trend since the production peak in 2001 for your clue.  Medium term spikes and troughs, sure, but the long term price trend is clear due to falling production.

Nov 18, 2011 10:11 AM

the PIIGS will have to leave the Euro...the truth is that they NEVER REALLY QUALIFIED in the first place!

The currency strength brought to the region by Germany was used like an expense account by the greasy olive oil nations.

Nov 18, 2011 10:12 AM

I'm not sure if I can agree with Janujah...Germany's exit would mean apocalypse for its banks and the EUR debt zone because then all the PIIGS could repay in dogshit.

Nov 18, 2011 9:53 AM

they shouldn't; they should kick Greece out of the eurozone

Nov 18, 2011 9:56 AM

shanghai isn't big enough to crush the price of silver....pumperz need to stop grasping at straws

Nov 19, 2010 1:03 PM

nobody should be confused:  China WILL try to attach itself like a leech to the Euro and try to run the mercantilist ponzi by cannibalizing european productive capacity and trading for debt just as SOON as they see the US's inability to continue the game.

Nov 19, 2010 1:45 AM

The Bernank is now admitting that what I said he was doing was true all along.

Trade flows MUST normalize; the center can no longer hold.

China will accept our inflation or they will break the peg.

Nov 19, 2010 1:47 PM

JFC, that whole "EROI" thing just flew RIGHT over your head, didn't it?

Wow.

Nov 19, 2010 1:50 AM

Congress doesn't have the balls nor the inclination.

Everything at every level has been abdicated.  The Bernank appears to be the only rational adult in the room.

Look, I know this inflation sucks and the dollar devaluation will be painful; the readjustment most of us will go through as the facade of our bogus prosperity is shattered will certainly be painful.

But I argued this over and over on TF; there is NO WAY for the math to work without printing money, for a variety of reasons.  The Bernank appears to be one of the few, myself included, who has accepted the truth of the matter.

The rest are still in De Nile about just being able to make a few tweaks, prosecute a few people, pass a couple of laws, and everything will be hunkie dory again.

Look, either we can print or we can suffer catastrophic deflationary implosion and total divestiture of our country to banks.  Basically we're looking at an Argentina or USSR type of outcome.

Nov 19, 2010 1:50 PM

jfc...what IS IT with you people?

NG PEAKS TOO.

Fuck me, man...I mean, even IF there is suddenly a technological breakthrough that allows us to "go get" suddenly more oil, JUST FOR HOW LONG do you idiots THINK the problem of GEOMETRIC GROWTH can be put off for?

We cannot even push this problem out 10 years assuming we found another Ghawar out there.

Nov 19, 2010 1:54 PM

We will have to implement a Brave New World solution.  As an Alpha++, I will look forward to flying over the tops of most of you in my helicopter

Nov 19, 2010 1:57 PM

WTF...there is nobody PUSHING peak oil, you freakin idiot.

Peak Oil is a PHYSICAL phenomenon.  Put it up there with those people pushing Gravity and Thermodynamics.

M. King Hubbert was a RAVING greenpeacer, right?

How MANY times are you going to have to be told, moron, before you COMPREHEND?

Nov 19, 2010 10:00 PM

local coin store here was Little Calcutta last weekend an hour before closing.  Wow...talk about odiferous...lol.

Fortunately, I was able to use white man privilege and get to the front of the massive line quickly.

Nov 19, 2010 10:03 PM

so specs are getting longer the dollar and shorter everything else? 

Nov 19, 2010 10:08 PM

um...gold is sufficiently conductive to substitute for silver

Nov 19, 2010 10:11 PM

u want scarcity look at Platinum.

Ag 750Moz/yr, Au round 80ish, Pt sub 5Moz

Nov 19, 2010 10:17 PM

JFC, 64 MOzt?  That's crawling up on 10% of production...

Suddenly we are finding uses for this thing beyond lower cost jewelry

Nov 19, 2010 10:19 PM

the Mayan civilization wasn't ancient.  It reached its pinnacle maybe a century prior to Columbus.

That said, pussies come to men who have lots of shiny things

Nov 19, 2010 10:26 AM

an "environmental protection" company in CHINA???

BWAHAHAHAHAHAHAHAHAHAHAHA

Nov 19, 2010 10:34 AM

um...no.

gold has different x-ray reflectivity than most other materials.  You take lead or platinum, it will show up pretty much the same

Nov 19, 2010 10:43 AM

look...do you play chess?

At some point in the game you are forced into moves you do not like by virtue of being in a bad position.  They are not good moves, they are the ONLY moves.

The Bernank has no choice.  As far as deflation being the better outcome, do not be a fool...you will wake up one day to the bankers having clear title to the ground under your feet.

Deflation is liquidation, my friend, plain and simple.

If I were in the Bernank's position, I would be forced as a matter of rational deduction to perform the same actions.  The math is inescapable.

Nov 19, 2010 10:48 AM

yeah, see you are still floating on De Nile.

MOST of you are.

You refuse to accept the obvious:  the game is over.  Growth has stopped.  The way of life as we KNEW it is finished.

You'd be wise to fuckin sit down, splash some water on your face, have a stiff drink, and accept reality as it is.

There's no combination of "prosecutions" and bank shutdowns, and "honest money" and all of this bullshit that can fix the underlying problems.  Blaming the Bernank as if he created the situation is foolish.  His actions are a rational reaction to the mathematics of the system, which has an inherent flaw in that it cannot coexist with a climate of aggregate contraction.

All your bullshit character assassination crap about W or these neocon or liberal tags, aimed at me...are really so silly that they're childish.

Nov 19, 2010 10:54 AM

BINGO.

EVERYTHING has been ABDICATED at all levels.

Nov 19, 2010 10:54 AM

China has been at economic war with us for decades.

Our Congress sold out to them and to every fucking corporation that had money to bribe them with.

There is rot at ALL LEVELS.  We have been living in a fucking DELUSION, got it?  A Potemkin Society.  Like fish in a goddamned tank.

The Bernank is using the reserve currency to avoid monetary collapse.  The system MUST grow...he's buying the bonds of OUR government in order to accomplish this.

What stuns me is how so many of you REFUSE to accept that the USA really ISN'T #1 at bestness and that somehow if we'd just go on the fucking gold standard, we can continue to CONSUME at this level of apparent prosperity.  You're basically all saying that there is NOTHING at all wrong with the status quo, somehow if we just put a few people in jail, we can continue to consume 25% of the world's oil supply to drive our SUVs across the freaking street!

The Bernank is paving the road to an inevitable future of LESS, far less.  But we are going there anyway.

Nov 19, 2010 11:01 AM

Yep.  There is denial and willful abdication at all levels.

We can't just prosecute a few criminals and then the good times will roll again.

Only those who accept the oil peak seem to be able to understand what is occurring and see how it should be rationally expected to occur as a foreseeable consequence.

The rest seem to bleat around as if somehow there is a legislative solution to this or if we go on the gold standard that everything will MAGICALLY revert to where we can consume 1/4 of world oil supply daily and buy all the HDTVs we feel we're entitled to.

Maybe we can unleash the power within America, which is being #1 at bestness, and just....well, something.  But we'll do it because we are AMERICA goddammit. 

Maybe it's time to sit down and accept that we are a lot poorer than we thought we were and that the past 10 or 20 years were not a natural way of being.  The real bills of overconsumption and overproduction are coming due.

Nov 19, 2010 12:03 AM

ok, you want evidence?

Helium peaked in 2002...look at its price since.

Against rising or even level demand, a peak production condition suggests a steady rise in prices.  Perhaps the 2000 trough was artificially low; I believe it probably was due to central bank and ultimately Gordon Brown sales.

So, against that backdrop, the price escalation had there not been a set of steady sales *in volume* into the markets, would have been much more tepid.

The current lack of gold sales by large holders has merely exposed the supply/demand realities.  That's all I'm saying.

I don't subscribe to the whole apocalypse or conspiracy theories of pricing.  Nor with the oil spikes.  Nothing has occurred which is outside of the realm of the foreseeable given known data.

If current gold price is driven by "inflation," then gold price hasn't changed, has it?  You can look across the commodity spectrum for evidence of that.  Gold hasn't *truly* gone up in value if that is the case.  It's clear that supply on the market fell a LOT MORE than the decrease in the production figures because the CBs stopped selling.

Nov 19, 2010 12:11 AM

JFC...give UP the fantasies about perpetual motion and violation of the laws of physics.

There is no fucking secret unlimited energy source, ok?  That's goddamned fantasy and science FICTION. 

The simple resting energy in matter as described by e=mc^2 means that a freaking penny contains enough energy to power the US for a year...so what?

Nov 19, 2010 12:15 AM

I have my fingers crossed...have long said that we need some kind of revolutionary new growable power source.

Nov 19, 2010 12:17 AM

you're offering to sell gold for spot -2%?

Nov 19, 2010 12:20 AM

everyone and his mother sees that H&S formation, just like we all saw 2 or 3 of them on the SPX in the past 2 years....what happened?

Nov 19, 2010 12:23 AM

50oz bars are just dumb...gotta have smaller denominations.  I guess if you already have a couple hundred oz, but sheesh.

Nov 19, 2010 12:27 AM

you're making the same mistake Douchinger and Mish do, this failure to accept and confront that there is an inherent systemic flaw in the monetary regime.

Defaulting on our debt will not make the dollar go up.  There is no way to "revoke" bailouts without crashing the system in deflation and making ALL debtors, including uncle sam, go tits up.

Austerity is a solution which forces the nation into default and permits the bankers, the SOURCE of all this bullshit, and the ones who run the regime with the systemic flaw, to take all real production as their own.

We need COMPLETE monetary reset and a new system.

Nov 19, 2010 12:30 AM

COURAGE?

What, to GUT everything and PAY BACK those bankers with REAL production for ALL the fictitious capital PLUS interest that they did us the fucking favor of CONJURING from thin air?

FUCK the politicans and FUCK the bankers.  If they try this shit they WILL get a Putin and they WILL be fleeing to Israel just as the pre-Putin oligarch austerity vultures did.

Nov 19, 2010 12:39 AM

let's thought experiment that...who holds gold?  Rich people.  Have they gotten taxed to "pay for all this" shit?

Nope.  In fact, the fight now is to preserve their Busch tax cut.

Nov 19, 2010 12:42 AM

you're asking an oil peak denier for help on a matter of science?  LOL.

We've got all kinds of tinfoilers on this thread, the cold fusion people, the limitless energy from gold nuclei smashing at .99999c, and all the rest of that shit.

What is next, dilithium crystals and artificial black holes?

Nov 19, 2010 12:44 AM

melt it into a giant calf and start a synagogue?

The gov outlawed bullion hoarding, not jewelry...there's a hint in here somewhere for you

Nov 19, 2010 12:55 AM

so the banks just don't open on the 7th.

And cash they can print at whatever volume is needed.  If reserves drop, they'll just borrow them from the ECB.  The central banks have vast pallets of cash laying around.

This is not the way to collapse the banks.

A run on MMAs was doing it in 2008.

Nov 19, 2010 2:03 PM

look, tmosely, there is no way in hell you are a scientist.  None.

If you were, you would be able to understand Hubbert's THESIS and the fact that the data PROVED his thesis.

Peak oil is not a theory, the shit has happened already in 6/7 of the oil producing nations on the earth.  It has happened to every well, field, or nation, and it WILL happen to every future one.

You cannot feign ignorance of this shit if you are a scientist.  Look around the world at all the nations and fields that have peaked then declined.  You act as if this shit is some kind of prediction, GFDit, the US peaked FORTY YEARS AGO.

Nov 19, 2010 2:32 PM

Jevon's Paradox?

Look...this shit is really easy, don't fuck up on the trivial ones

Nov 19, 2010 2:35 PM

I seem to recall that you were very polite and explained this whole "peak oil" thingie in more mild-tempered detail awhile ago.

Someone's catchin on

Nov 19, 2010 2:38 PM

Like I said, that whole EROI thing flew STRAIGHT THE FUCK over your head, didn't it?

This dollar price you keep citing is really rather irrelevant..."unlimited oil" at $80?  This is the claim of a stooge.

Nov 19, 2010 2:43 PM

they need to hire better trolls

Nov 19, 2010 2:44 PM

what US oil reserves?

Name them.

Morons like you are sadly in abundance.

Nov 19, 2010 2:47 PM

You're totally right man.

The fact that the US peaked FORTY FUCKING YEARS AGO despite all the technological improvements we've come up with and thrown at the problem isn't persuasive at ALL.

This whole thing is still "unknowable."

Dude you, like most, are on the wrong side of the Downing Effect.

Nov 19, 2010 2:49 PM

How many times are you idiots going to demonstrate the Downing Effect in one day?

I mean beside the fact that you are insane.

Nov 19, 2010 2:54 PM

that was but one of many.

Urananium and Thallium for electricity...news to me.  I come to ZH to learn something new every day.

What I'm learning is how pervasive Dunning-Kruger/Downing Effect is.  And to be perfectly honest it scares the fuck out of me.

There are a few of us here who are pretty sharp and we are all laughing at the same inside joke.  The thing that stuns me is the audacity of the average intellect to think his stupid opinions have any fucking merit whatsoever.

Nov 19, 2010 3:31 PM

um, IQ "145," do you mean perhaps THORIUM?

Nov 19, 2010 3:35 PM

Oh, yeah, which is why the technology reversed the US's decline in oil production.

Oh, no wait...it hasn't.  We're still dropping.

There is no such thing as "cheap" oil.  That's a goddamned piece of shorthand these idiot writers insert into PO discussions in order to try to pretend that really we won't have less oil, we'll just have the same amount or a growing amount, it'll just cost more.

WRONG.  We will have LESS OIL past peak.

Nov 19, 2010 3:37 PM

yeah, people like you are burning zillions of bCf of NG up in Alberta to make synthetic oil barrels and proudly proclaiming how we are STILL GROWING.

Nobody in the oil business wants to hear about EROI

Nov 19, 2010 4:03 PM

How can you expect to be taken too seriously when you misdefine Peak Oil right at the outset?

Peak Oil is merely when net production maximizes.  It has nothing to do with demand. 

Nov 19, 2010 4:23 PM

easy explanation for why this is:  because you are an idiot!

There is NO SUCH THING as peak CHEAP oil.

Oil wells peak irrespective of the fucking $/bbl cost of the oil coming out of them!  It's as if the oil doesn't KNOW how much it "costs"!

Nov 19, 2010 4:29 PM

Why are you mentioning RESERVES economical at a certain point in a discussion of FLOW RATES.

Look I will say this one more time:  PEAK OIL DOES NOT DEPEND UPON PRICE.

If TOMORROW, the ENTIRE USA decided to never consume another barrel, the USA would STILL be past-peak!  We could pump it and burn it all just for SPORT or sell it for $1/bbl.  The PRICE does NOT MATTER to the geological phenomenon known as PEAK.

Nov 19, 2010 4:35 PM

what a freaking idiot you are.

Peak is a myth huh?

Then WHY DID THE USA PEAK 40 YEARS AGO?

Why do people ever STARVE?

Nov 19, 2010 4:36 PM

yes, as it substitutes starvation for eating.

Nov 19, 2010 5:09 PM

Au Contraire...the bankers beat King Charles; they financed a war and his ultimate execution.

However, for every one of those there is a Hitler or a Putin, some kind of brutal nationalist; the tail risk of a pissing match with the guys with weapons who are not part of your clan is immense.

One can only hope that in the name of sanity that the strongman that comes only decapitates the oligarchs; I know of no larger ethnic purge from Russia.  Let the ordinary triber be, but oligarchs of any stripe must be expelled or punished.

Nov 19, 2010 5:16 PM

Gross must be betting on a particular outcome; in the meantime, he's acquiring bonds in a thinner market due to QE1.

I can't imagine he believes he can put all of those MBS back; that's a HUGE risk.  But, if FNM goes after BAC and FHLB does too, it's clear that this will be an all-out feeding frenzy on the carcasses of BAC and WFC, which will have to be reduxed like 2008, either nationalized via AIG methods (which didn't receive the type of negative publicity that TARP did) or else another QE2.5 will be forced to sop up BAC's negative position.

Nov 19, 2010 5:23 PM

naw, they'll just seize my 401k.

If I were holding gold, I'd be holding a small foundry.  I'm thinking of becoming highly religious and nothing expresses my love toward God like a gigantic 24k cross.  Failing that, I would make a golden calf and start a synagogue

Nov 19, 2010 5:28 PM

wait till silver production peaks...then lookout.

As an aside, take a look at the dynamics in the Helium market.

The US is *selling* its strategic reserve into the declining production base of the He market, effectively doing what CBs did with gold for a decade.

Someone find me a Helium ETF because this shit is RIDICULOUSLY useful.  In fact, there are NO substitutes for it.  For heavy doorstops, I can choose gold or platinum or even tungsten.  For my SUV, there's NG and I can run my HDTVs on nuclear or coal or burning ground up street urchins.  But for supercooling those MRI magnets and a host of other bleeding edge high tech applications, there is nothing else but Helium. 

Nov 19, 2010 6:23 PM

what can you expect from a nation where you'll see an airline pilot groom and physician bride bow down before a fucking COW prior to getting married??

Nov 19, 2010 9:42 PM

wtf...are all the women gonna die or somethin?

You idiots (like Douchinger) always talking about "utility" as the be all/end all have apparently never succeeded in getting laid...

Nov 19, 2010 9:45 PM

idiotic...another pussy-deprived guy.

Look, women don't like guns.  They do like alcohol and drugs.  They also like shiny things.  Therefore gold has utility.

Nov 19, 2010 9:49 PM

ironically, America became what we all think America IS on a fucking metals standard.  Kinda written into the Constitution and shit.

It is the height of absurdity to relate this debtmoney shit we use now as somehow responsible for our relative "wealth."  In fact, the debtmoney has made us objectively poorer and is now threatening the entire INSTITUTION of America.

JFC, do you forget Bretton Woods? 

Nov 19, 2010 9:55 PM

so then try, for a change, LISTENING TO ME when I talk about production peaks?

Helium production peaked in 2002.  The amount of production supplied since has declined YoY.  How would you expect it to plateau? 

Like oil, the Helium we are extracting was built up over bazillions of years.  Whether it was dying dinosaurs or abiotic microbes, the process is analogous to alpha decay.  The results get trapped in rocks and we poke holes and out comes the stuff.

Helium is found trapped with natural gas deposits.

Now, let's address why you are stating an opinion about what "seems" plausible given that you subsequently admit total ignorance...

Nov 19, 2011 12:06 AM

ROTFL...with what military?

They have no navy, a pathetic army, and no air force worth a shit.  they couldn't mount an amphibious invasion of Hong Kong, much less Taiwan

Nov 19, 2011 12:12 AM

why would anyone buy detroit when the cost of carrying that city's residents is so high?  detroit is just a case in point of what happens when you get "too diverse"

Nov 19, 2011 12:33 AM

manhattan doesn't have enough black people to look like detroit

Nov 19, 2011 12:54 AM

hungry people who can't feed themselves but get food aid end up having exponentially more chldren who they then can't feed.  It's like a stray dog population

Nov 19, 2011 6:52 PM

again, it's not about that.

The creditmoney system is fatal...the math inherent in it makes it INEVITABLE that it will collapse just as soon as sufficient new borrowing does not meet the exponential growth needs built into ANY system of compound growth.

They CAN print their way out of massive default, sure...on a balance sheet.  But, the notion of replacing what money really IS or was for the past 400 years since the inception of the BOE and its pattern of sovereign lending and issuance of credit in lieu of money...that will be one HELL of an adjustment.

Given a backdrop of aggregate CONTRACTION due to peak oil, what the fk is a promise of principal plus interest in the future worth?  Even if we reduce this to a trivial case, in a zero coupon, when you have contraction, how can anyone expect the maturity to be worth what you think it is?

Bonds see this type of action all the time; when a company borrows X and says we will repay X+Y in the future, and suddenly their prospects of growing enough to do that become obviously junked, the bonds reprice to a market value commensurate with what they actually WILL be able to repay.

Debtmoney is in the throes of such an existential struggle.  Even IF this paper money shit continues indefinitely, the value of any promise to pay is worth a lot less now than it was before growth ceased.  This is how deflation in credit will accompany inflation in pure currency value and stock prices based upon presumptions of sustained worldwide growth at today's nominal currency values must go down.

Or, gas, oil, food, etc., real things, go up in ratio to the SP500 or the debtmoney denominators.

Nov 19, 2011 6:56 PM

sure it does...the idea is you just tax to pay the coupon.  that's what austerity IS in its purest form.  Keep motherfuckers paying you the interest forever, then their children, then their grandchildren.

The BOE invented this racket 400 years ago.  These financiers have financed the overthrow even of Kings in the past, instituted colonial wars to seize collateral, and on and on.  They busted out Argentina and Colombia even in the past 10 years.  Foreign interests used debt spun from thin air as claims against entire nations.  Now, those foreign interests have title to real land and real assets in S. America and they rent entire countries to the citizens there.

Nov 19, 2011 7:03 PM

yeah, and what almost happened in 2008?  Systemic banking collapse.  Even the Fed admits that.

If you actually think the flight into USTs would have been the final resting place of all that dollar slosh, then you're foolish...it was just moving up the quality ladder through increasingly constricting passageways.

See, given global financial integration, it's relatively easy to move from B to BB up to A to AAA, etc.  Just point and click.  Things get a lot harder after that point.  A lot of money fled to USTs just like a lot of people ran up to the dry part of the Titanic as it sank.  You see that a lot on sinking ships, a whole ton of people crowding the highside railing.

They were able to save the ship at that point...it's anybody's guess going forward.  Talk to me when oil supply declines by 20%.

Oh, and capital wasn't really fleeing to USTs and USD, bud.  USTs maybe.  The dollar spike was caused by the redemption of foreign speculative positions against which USDs were lent.  South Seas Bubble mechanics.  Spare dollars were parked while people waited to see what would shake down.

And, what did?  An epic printing operation by the Fed and an epic borrowing operation by the USG.  The Gov'ts are the only actors who will or can continue to borrow; I said this to Douchinger prior to all this shit going down.  If YOU will not borrow to continue to grow the credit system, the government WILL borrow on your behalf, at the point of a gun.

Nov 19, 2011 7:34 PM

agree on the analysis...but who the fuck likes Romney?

If there was EVER a dude who defined hold your nose and party line it, it's Romney.  There is NOBODY enthusiastic about him.

Fuckin even Newt is making a resurgence.  At least he is intelligent and can string sentences together.  This pool of candidates is as bad as I've seen in some time, rivaling the dregs of the Democraps back in the 80s

Nov 19, 2011 7:36 PM

RP said that blacks commit more crimes.  Ergo, he's out.  can't win.  That's a "hate fact," and if you utter it, the truthfulness of it is irrelevant.  You're a RAYCISS.

Until and unless white people wake the FUCK UP, there can be nobody elected who tells the truth.  Because telling the truth means uttering hate facts.

the electorate DEMANDS liars.

Nov 19, 2011 7:39 PM

stop the euphemisms, dude.

Just say abortion eliminated BLACK CHILDREN.  Because that is what it did.  This is right out of freakonomics and is a factual statement in terms of the rate of abortion in blacks vs whites.

Nov 19, 2011 7:41 PM

yes, we do...research it.  Crime rate is in some places at 40 year lows.

We have incarcerated and aborted so many blacks, along with determined gentrification efforts in many formerly high-crime cities that the outcome was inevitable.

Just to put concrete numbers on this, if all blacks vanished tomorrow, the US's violent crime rate would fall by 50%.

Nov 19, 2011 7:46 PM

morons like you are the problem who think the ends justify the means.

You empower a state to take someone else's kids, wait until they hear that YOU are teaching them all this seditious shit about the Federal Reserve and threatening assault on holy figures like the police.

Nov 19, 2011 7:47 PM

bond prices against what?  Oil?  Gold?  LOL.  Same as the SP500's imaginary price appreciation.

Sure the numbers are higher but so are the pricetags when I go to Safeway

Nov 19, 2011 7:48 PM

had a chick with Gs...her bra looked more like a fucking engineering structure

Nov 19, 2011 9:00 PM

find it on youtube...was part of an interview.  They ran it last election

Nov 19, 2011 9:25 PM

only if you don't get that hispanics comprise another 13% of the population and more than half of the remaining crime, nor understand how statistics work.

Are black and white the only races on the planet? 

Nevermind that whites are 70% of the population and blacks 12%.  In your scenario, 200M people would go and in the other, a mere 36M.

If whites vanished, the violent crime rate would go UP because they commit at a lower rate than the average for the US.  However, the amount of crime would drop by around 12%.  In certain cities, like NYC, in the high 90s % of shootings and homicides are committed by blacks and hispanics.  If you took the whites away, almost no crime would disappear.

Nov 19, 2011 9:27 PM

after being conditioned for 20+ years that "violence is never the answer"?

LOL.  How about in the year 20-never?

Nov 19, 2011 9:29 PM

you just said you can't join the protest because you would commit deadly assault against the holy police.

you are also on a website that preaches sedition about the government, its institutions, and the Federal Reserve.

Fuck the State taking children.  I would much rather have people sterilized so that there is no needless suffering of the children of idiots.

Nov 2, 2010 10:19 AM

QE to the moon, bitchez.

There's really no other way to make the math work

Nov 2, 2010 10:26 AM

you really need to shut the fuck up.

racism hasn't reduced america to any kind of poverty, diversity has

Nov 2, 2010 10:33 AM

on another note, who cares if Mel Brooks is the most racist person who ever lived?

Who really cares?  Racism is a societal irrelevancy, here we have an argument between two white people (?) over which one of them is racist?  Like who gives a shit?

The conditioning that has convinced every white to fear the racist label above all else is a gift from the same type of elite interests and their advocacy groups as who provide the same divide and conquer BS in every other arena.  No other group cares...they celebrate and embrace their racism and ethnocentricity.

And here you actually feel the need to respond and say, no I'm NOT a racist!!!!!!!

I'm disappointed that you didn't put "nigger" in the original graphic.  But you're scared of getting race hustled.  Everyone talks about standing up for something, stand up for this at least. 

Yes, I know the mainstream message is singular and that the purveyors of the message are cousins with those who run the major race advocacy groups in the US.  Stand up for what's right.

Nov 2, 2010 10:34 AM

and you are STILL defending yourself???

You've been race hustled dude.

Nov 2, 2010 10:36 AM

what are you, jewish?

Nobody needs your race hustling around here, you freakin clown; so go fuck yourself.

Nov 2, 2010 10:39 AM

naw man, the way you cowered in front of that race hustling con up above is proof that you swallowed it lock, stock, and barrel.

You wanna be edgy, you have to stop giving a shit what people think.  The appropriate response to "YOUR A RACIST" is "nigga, PLEEZE"

Nov 2, 2010 10:44 AM

nothing stopping them and that's what it will eventually come to.

Brazil is buying dollars and a whole host of nations are sourcing dollar debt now

Nov 2, 2010 11:03 PM

I mean, gd...there were those calling the Repugnicon Party dead.  Here they are like the Beast, given a death stroke and coming back.

What this election is is a historic repudiation of Obama.  That at least makes me happy.

Nov 2, 2010 11:17 PM

compulsory sterilization then.

If the fetus is a life-in-being, you are liable to it through no fault of its own.  In fact, the fault is YOURS.

Therefore, it is unethical to terminate it; you owe a duty of care prior to viability.

Nov 2, 2010 11:23 PM

Major, major bitchslap for Oblabla and the democraps and libtards in general.

So, the House goes back to the Repugnicons...

Nov 2, 2010 12:58 AM

AUD at near parity now...

Australia also world record total debts...when will it end for them?  Good question

Nov 2, 2010 3:49 PM

WADDELL & REED, bitchez

Nov 2, 2011 1:00 PM

I suppose actual honesty is not to be expected, eh?

Nov 2, 2011 1:02 PM

organized labor power brought this down before.

It won't be brought down by government as they are all taken care of.  We're creating the next crop of oligarchs and moving to banana republic status where a few families own everything.

Nov 2, 2011 12:34 PM

mercantilists steaming flank into demand collapse means prices stay low for a long time.  Despite the fact that we can't afford it, they are unwilling to lay off anyone in production and they just keep producing

Nov 2, 2011 2:36 PM

most of the people left must have tons of ammo and guns stockpiled and silver buried.  They never anticipated that all of that stockpiling would mean they had no choice but to stay put in a highly contaminated area.  Those who were mobile didn't have to leave everything they had behind

Nov 2, 2011 3:41 PM

enjoy your life in contaminationville, silverbugz.

Have any of you stackers ever realistically calculated how much you could carry?

Nov 2, 2011 3:49 PM

what the fuck use could a sheriff's office POSSIBLY have for such a thing.

911 changed this nation into a nation of fucking idiots

Nov 2, 2011 3:53 PM

notice how the numbers get better into the future

I guess they are already announcing an increased lying program going forward which will bend the truth even further.

The numbers which aren't total bullshit now will be.  You won't know anyone who has a job, but the headline UE will be 6%

Nov 2, 2011 9:15 AM

how long did Qadaffi's stay of execution last when he came "into the fold"?  They made a big example out of him.  Nobody would much care if the West decided to redux on Assad.

The east has learnt this lesson, thus the mad scramble for aircraft carriers by India and China.  Force projection of this kind may not let you truly conquer another nation but you can stoke a rebellion and provide crippling air support against the regime you've decided not to like.

Nov 2, 2011 9:16 AM

Russia wouldn't do much.  China would be the loser because they are dependent upon this region for energy imports

Nov 20, 2010 10:55 PM

Fraud in CHINA?  NO WAY.

I was under the impression that fraud was not tolerated in China.

Nov 20, 2010 3:35 PM

On what metric?

We're not the highest GDP per capita, income per capita, production per capita, QoL per capita, anything.

We're only #1 at bestness.

What are our houses worth?  WTF is our productive base worth?  What do we actually own that ISN'T encumbered by a mountain of jew confetti?

Nov 20, 2010 3:39 PM

Well, sheeit...if it WERE occurring from fracking, I would expect that this would been reflected in the production figures.

Helium may or may not be trapped in shale.  Most of the helium produced has been coming from convention gas fields, like the Hugoton.

We pumped a lot of it into a He reserve which we passed a stupid fucking law REQURING to be sold off because the thing cost $1.4B to build.  $1.4B is a rounding error for DoD in any given year.  So we are selling He into a production decline, artificially depressing prices.

While, you know, China is stopping exports of critical rare earths.

Nov 20, 2010 3:41 PM

You need to figure out what Chobham Armor is.

Second, the tank may be cheaper to operate for fire support than jets or even drones.

Nov 20, 2010 8:56 PM

Um...Bruce, Insurance Cos aren't raising your rates as a result of anything that the Fed has done.  If you thought this was bad, wait till the effects of Obamacare start to set in.

All those people who can't afford insurance are going to be forced to pay and all those who can pay are going to be expected to pay MORE.  There was no attempt whatsoever made for cost controls...we are self-delusional enough to believe that because we are America and therefore #1 at bestness, and super rich and all that shit, that we can afford gold-plated care for EVERYONE.

No sooner would someone say that the poor need to lower their disgusting obesity rates than someone else would bleat that this is a "free" country.  Those of us who do pay are now going to pay insurance companies to pick up the tab for the type 2 diabetes of indigents, atop the Medicaid we already pitched in for.

Nov 20, 2010 8:58 PM

not if you are a protected minority, then you can just blame white people for it

Nov 20, 2010 9:48 PM

let's see here...what do you think the EXPECTED production volume would be for getting Helium from the FREAKING MOON?

I hope you were being sarcastic.

Nov 20, 2011 1:18 PM

the people who own the government are the parasite class...they are always looking for productive people to rape.  That is what the entire system of usury is INTENDED to do and why the Torah makes lending to gentiles at interest an affirmative commandment.  Make THEM work for you so you do not have to work and can enjoy the production while you engage in leisure and total domination

Nov 20, 2011 1:20 PM

suuuure he did.  It's funny how after losing asses, people's "real" reasons/excuses start getting thrown around

Nov 20, 2011 1:22 PM

funny how they don't hate the swedes

and if they do hate us for our freedoms, I guess the solution is to take all those freedoms away so they don't hate us so much.

We have to destroy freedom to save it

Nov 20, 2011 1:25 PM

$120B per year is a total fucking joke

Nov 20, 2011 1:27 PM

bankruptcies should already have...mortgages aren't being paid, bills are being rejected...yet there appear to be no consequences.

Debt is a state of mind apparently

Nov 20, 2011 1:29 PM

yeah...if he really wanted 6 figures of gold, why the fuck would he mess with futures?  The print SAYS that they can give you 3 kilos instead of 100 oz anyhow.  It'd be easier to wire money and get a couple biscuits from CNI or something

Nov 20, 2011 1:38 PM

white skin?  Because there is an entire propaganda machine having conditioned everyone since the year the NAACP was founded that whiteness is equivalent to evil.

The tribe hammers that meme NONSTOP.  To those who say oh that shit is rayciss or antisemitic, look up who runs/funds the SPLC and NAACP.  Look at who coined the term "racism."

Thank goodness for the slavs; they don't give a fuck about any of this crap.

Nov 20, 2011 1:41 PM

dude, ghetto is cool, aintcha heard?  Black culture is leading, because the powers that control media ADORE blacks.

And self-destruction is at the heart of their culture and always has been.

I've met girls as young as 26 trying to get this ink burnt off...good luck with that, morons.

Nov 20, 2011 1:42 PM

you're a fucking moron.

nonviolent protests are USELESS.  If nonviolence works, why the HELL did we bomb Libya?

Nov 20, 2011 1:45 PM

Gandhi didn't win; the English withdrew.

Most the other colonies got independence in 47, some without even doing jack for it.

Mandela didn't win, the powers in the major States like the US and UK, with their race hustling machines gave the nation over to Mandela's people to destroy. 

The Egyptians fought back.

Nevermind the 100s of protests, like in Iran, which were totally and brutally CRUSHED.  50 years of Iron Curtain, but I guess you forgot that

Nov 20, 2011 1:47 PM

people like China because they know China has no navy

Nov 20, 2011 11:35 PM

WTF did the PIIGS expect when the cheating cashflow swaps they executed during EU accession came due?

Nov 20, 2011 12:31 PM

MFG isn't the first...Reserve Primary, anyone?  JFC, that was locked up for months and it was supposed to be a cash equivalent.

Nov 20, 2011 12:33 PM

lol and you take a few isolated cases in a sea of fraud to claim this?

For every one person executed there are 1000s still engaging in counterfeiting in China and with the express permission of the Chicom gov't.

Nov 20, 2011 12:38 PM

the notion of sovereign CDSs was, ab initio, idiotic.

Kings can refuse to pay you.  The real question is what happened to all the synthetic debt spun up using CDSs...

Nov 20, 2011 12:40 PM

doc jus be givin dem hoez junk in tha trunk baybee

Nov 20, 2011 12:41 PM

158?  You want the 125s in .357, bruh

Nov 20, 2011 12:44 PM

shhhh...don't rain on the silverbugz parade here, man.

Don't inject facts into anything.  Silver is going to $60 "next week" and shit.

Silver is too fucking heavy to hold in physical in ANY kind of bulk, and by that I mean hold in an amount you can run with.  If you have to handle the logistics of moving your "wealth" with a heavy truck and a crane, then you haven't planned properly.

Hold silver as change for gold and in case it shoots the moon.  But don't confuse this get rich quick fairytale for adequate wealth preservation.

Nov 20, 2011 12:47 PM

no clue of the relevance of this notion of silver being peasant money.

But yeah, have at it, stockpile the stuff and be a peasant.  The value is what you can trade for it and silver's price volatility and value density preponderate against using it as a strategic wealth reserve.

As a MINOR spec position, sure.  Wealth reserve?  No.  A gamble is what silver is.  Silver is for people who don't make enough money to buy gold.  I would recommend they buy 1/10ths or palladium if they desire to speculate on scarce industrial metals.

Nov 20, 2011 12:52 PM

your first thought is a great insight and I intend to use it in the future in explaining what aggregate contraction means.

Aggregate contraction makes this "exponential counterparty risk" real.  The entire monetary system is a counterparty.  If you think of time as a physical dimension, there are people out there right now in the future, YOUR counterparties as a participant in the creditmoney system, who you are DEPENDING ON to borrow geometrically more credit.

The FUTURE is the counterparty of the present in ANY growth system.

This is precisely how the system seems so incomprehensibly broken to the economists...the future is out there and they can't affect it and those people in the future are lousy counterparties.  They CANNOT uphold their end.  They won't have the oil supply to burn that we do.  They will be making do with less.  They won't be able to request generation of exponentially more credit.

Any farmer knows this principle implicitly, of the future being his counterparty.

Nov 20, 2011 12:53 PM

nah, these court jesters are too busy trying to cozy up to move into a position to be themselves in the back of the limo. 

Nov 20, 2011 12:55 PM

CBs typically have only what would be termed "Hitler Risk"

Nov 20, 2011 4:19 PM

such a move would blow the EUR skyhigh versus all the EU-exits.  Talk about immediate hyperinflation.  Let's recall that to even get into the EU, those nations had to swap future cashflows for lumpsums on accession even to qualify.

Nov 20, 2011 4:25 PM

yes because when gov't was smaller, corps had more power...oh wait, no, it was the opposite.

They had to worry about other private actors when they couldn't buy regulators and legislators.

Nov 20, 2011 4:27 PM

and false dilemmas like that are part of the propaganda that the State and demagogues use to confuse people.

It is EITHER we have this leviathan DOEd or ELSE we have "no public education."  You can't really believe that these are the only two options.  Unfortunately, dimwits CONSTANTLY fall for this.

EITHER we wage global war or ELSE AQ will destroy America and enslave us all.  Right?  There's no possible middle range of options, only this binary fallacy.

Nov 20, 2011 4:29 PM

the safety net is being UTTERLY abused.  It is not a safety net anymore, it is an income stream for miscreants.

Nov 20, 2011 4:36 PM

wtf are you, an idiot?

Stop posing FALSE DILEMMAS

Nov 20, 2011 4:40 PM

JFC you are a moron.

Iran has NEVER threatened to annihilate Israel, nor is Israel coextensive with JEWS.  You fucking clowns give Israel a free pass to be as belligerent as possible and whenever ANYONE takes exception to them you claim they are inimical to the JEWS in the abstract.

The USA *IS* at fault for 911, we CREATED Al Qaida.  We have waged war across the globe.  The people we were at war with attacked us.  That is what WARS LOOK LIKE.

As a people the US are a bunch of clueless MORONS who think somehow we can wage war and kill civilians but it's "out of bounds" for anyone to do it to us.

We have killed a couple orders of magnitude MORE people than 911 did since 911.  And we are the fucking good guys??

Nov 20, 2011 4:47 PM

France and UK?  WHO in France and the UK?

WHO ended up owning that entire country after the financial collapse?  It wasn't germans.

Read history; understand.  Actions have consequences, something that is lost on the tribe.  They have a 4000 year history of consequences but the narrative is that they are just the ultimate downtrodden victim.  Their own fucking religious texts instead say that they are the chosen people of God, yet the outward face is to engender SYMPATHY and sell a line that they are just innocent victims of continuous oppression?  Germans starved so that they could have their pound of flesh in usury.

Has nobody read the goddamned old testament?  Genocide, war, murder, pillaging...in the name of God.  They only came into possession of this holy land by invasion, genocide, and war.

Hitler came to power because he promised to return Germany to the German people.

Nov 20, 2011 5:00 PM

people who think banks are safe are fools.  There may come a time when getting capital or wealth out of anywhere will be tough.  It is times like that when the most mobile forms of wealth will be most prized.

The banks can be locked and it won't matter how much your balance is or how many eFRNs you have in there.  Unless you are important.  This is what happened in Argentina very recently.  Just lock up and it's byebye to everything.

Nov 21, 2010 10:27 PM

Screwed bitchez...with an irish accent

Nov 21, 2010 11:56 AM

this is easy...the "core" EU members used their superior banking system clout to run mercantilist policies within the EU to the peripheral lower-clout nations.

I mean, it's German and French banks on the hook for all this bad debt all over the EU

Nov 21, 2010 8:45 PM

I normally don't stick up for Robo, but those bitchez were TOP SHELF

Nov 21, 2010 8:46 PM

wonder how much our Gov has understated OUR debt...

Nov 21, 2010 8:52 PM

GET BACK ON THOSE WHEELS, HAMSTERS

Nov 21, 2011 10:00 AM

anybody want to guess what group runs the SPLC and pays for its existence?

Nov 21, 2011 11:46 PM

staggering is the wealth even of a multibillionaire...Geffen buys 300M worth of art.  I mean, just jawdropping that someone can actually own stuff that is nearly the exclusive province of major museums.

And then Slim and the Waltons are on a whole 'nuther level.  The wedding costs for that shitstain Prince and his whore wife...$80M for that shit?  Fucking what a waste.  But, Lakshmi spent even more on his daughter's wedding.  And the dude has a skyscraper for a house in Bombay.

It's just really incredible at an entirely new level, though, what the USG spends yearly.  Or even the deficit.  Even one Ford CVN is beyond all but the most obscenely rich individuals.

Nov 21, 2011 11:47 PM

how's the Jap gold price looking to you?  That look like deflation?

Nov 21, 2011 11:48 PM

gold is what it is; not that important.  Production is bigger, oil is bigger, there are lots of things people want that are bigger than gold.

The system of trade hasn't run on gold for eons.  The Sterling Bill and real bills formed the basis of global trade 100s of years ago and far eclipsed the gold system.

Nov 21, 2011 12:15 AM

how can anyone be surprised?

We've KNOWN since the GS mafia swaps were disclosed that nations such as Italy entered into that there was a timebomb out here.  Italy fucked its future in order to get below the accession deficit targets.  They straight out fucking LIED and GS and the Street aided and abetted the entire thing.

Italy's cashflows for NOW were swapped in exchange for lump sum payouts back then...just like how people sell annuities for payouts in the present.  There's no way out of this...Italy's austerity will have to be big enough not only to cover present deficits (including these plus-sized payouts) but the deficits they HID for years using lumpsum cash which has now been burnt through!

Sell you future salary for a payout today and then burn through that....then what?  How do you pay the bills now?

Nov 21, 2011 5:37 PM

Bush?

Nov 21, 2011 7:59 PM

these tards couldn't agree even on 120B a year...of course the $1T annual war is sacrosanct and so is everything else.

LORD HELP US if we had to go back to year 2000 spending levels..ZOMG

Nov 21, 2011 8:05 PM

INNOCENT?

Americans ARE NOT innocent.  We have sat by and VOTED FOR these wars and these people who've waged wars, for our hegemony, our military empire- ALL OF IT.

We ALL have blood all over us.

You want to talk fucking innocents?  How many civilians have we racked up as "collateral damage" in "kinetic actions" or any of the other million euphemisms our military uses for fucking SLAUGHTER?

You 911 weepy motherfuckers make me SICK.  We ACT and CONDUCT our foreign policy LIKE WAR.  Our base structure and military presence is a show of WAR.  We are WAGING WAR.  And someone we waged against HIT US.  This is what FUCKING HAPPENS.

Cry for the dead in Nagasaki or Dresden or Berlin or Leningrad or Baghdad or anywhere.  Don't fucking act like the American public is innocent.

Nov 21, 2011 8:06 PM

you're about as sharp as a bag of wet hair...or maybe a marble

Nov 21, 2011 8:08 PM

I agree.  I want Obama to take care of this for me.  It is worrying me and I don't like having my mellow harshed by this sort of financial stuff.  The numbers are just too big and they make my head hurt with all this economics talk.

Just FIX IT!!!!!!11

I vote so that these leaders will TAKE CARE OF IT and run things so that I can go about my life and enjoy myself!

Nov 21, 2011 9:17 PM

dude...unless the debt is infinite, your statement is untrue

Nov 21, 2011 9:59 AM

that was before BRA...that was white america

Nov 22, 2010 1:21 AM

the banks and bankers have a vested interest in running ponzis.

This is precisely WHY they lent to dead people and NINJAs.  Nobody gave a fuck because it was all just toxic shit for the bank to hustle, package, and sell.

Inflation/deflation is an old racket.  There are 200+ year old quotes about it

Nov 22, 2010 1:26 AM

Harry Wanger says that this is no problem and everyone will just shrug and kiss the Blarney Stone and life goes on.

They have pledged the mfing ROADS underneath the Irish motorist and the national pension fund.

How does this NOT end up like Argentina, where the foreign banks that lent capital that did not exist will end up owning the land underneath their feet?

This is EXACTLY what Jefferson meant in that famous letter to the Treasury Secretary in 1802.  People act like we are in a new world or some kind of NEW economy where we simply HAVE to have a central bank and debtmoney...the reality is that this banking scam is hundreds of years old.  It is NOT new in any way.

Nov 22, 2010 1:33 AM

GFD why can't people see what's happening?

the big countries are using their banks JUST LIKE THE BOE DID for CENTURIES, as a tool of EMPIRE, to go in and lend into ponzis of their own creation, and then via deflation, literally deprive the people of their property.

They are going to RENT Ireland to the Irish...this is the great famine era all over again. 

Jesus Christ, am I ALONE in seeing this?  The capital lent DID NOT EXIST and the debt COULD NOT ever be repaid!  This is fucking precisely WHY USURY has been ILLEGAL for MOST of the last 2000 years!  It's why even the usury clan had a regular jubilee!

The notion that ANYONE has any obligation to repay bullshit capital conjured from thin air is absurd.

Nov 22, 2010 1:34 AM

this type of nation on nation usury leads to inevitable hitlers

Nov 22, 2010 1:36 AM

You STUPID fucking fool.

I've been lots of places...the average Colombian has NO CLUE whatsoever that European banks RENT their fucking nation to them.

The average Argentine has NO IDEA how the State lost all their pensions, the banks were locked, and a lot of people's money vaporized. 

They're still getting FUCKED and you will be too.

Nov 22, 2010 1:43 AM

B I N G O

How do people think GB got all the trappings of war without the war?  They used banking as an imperial tool to gut countries.

Out of the ashes of this always come strongman leaders of varying persuasions of genocidality.

So this is really IT?  A nation of moron "payment buyers" is going to submit to being rentier serfs to their homeland?

Really people should go to South America and see how the european corporations and banks own whole fucking countries.  They rent the nation to the people who live there.

Nov 22, 2010 1:55 AM

yes, better that the roads, the oil reserves, Air Lingus, and the national pensions should go to the bankers in exchange for their jew confetti in exchange for a few more years of kicking the can.

Just like how Chicago sold the effing parking meters.  I mean, wtf did the average Chicagoan do to deserve this?  The "representatives" freaking SELL the assets of the People??  For what, to balance THIS year's budget?

And where did all the spending go?  Did it make the little people rich?  Are they REALLY responsible?  Or was it to build shit nobody needed, crony contracts, bribes, waste, fraud, dead relatives collecting paychecks in bloated administrative workforces...

Nov 22, 2010 10:16 AM

wow...ELECTIONS.

That will make ALL the difference.

Nov 22, 2010 10:23 AM

The entire system is a goddamned FARCE.

that's the only rational conclusion that can be drawn at this point

Nov 22, 2010 11:47 AM

Ireland's debt is bailed out with...more debt!

Except this time the ground under their feet is pledged as collateral.

Nov 22, 2010 12:00 PM

if the actions of the hamsters threaten JPM, the government will move swiftly to protect JPM...by outlawing "hoarding"

See JPM is how gov't actors get paid.  Little people aren't.  Little people are just useful rubes to say shit to in order to get them to pull your level or hang your chad and get you to where you can get paid by JPM.

Nov 22, 2010 12:10 PM

HRH is reserved for members of the royal family, specifically crown prince and princesses...

 

OFF WITH YOUR HEAD

Nov 22, 2010 12:31 PM

what's gonna happen when the same ethnic group gets fingered with the banking scam as in the 1930s?

Nov 22, 2010 12:33 PM

hahahhahaha...

bankruptcies aren't contemplated within the framework of debtmoney, not BKs like this anyhow.

You guys think we can just write some stuff off and put a few people in jail and the good times will roll again, huh?

Nov 22, 2010 12:35 PM

so, as an aside, WTF is the process for when a "representative" like this signs the entire nation away for a bribe or for the hell of it?

Hold another election?  How the hell can you stand up and say NO, this decision on our behalf is NOT APPROVED and we will NOT be bound by it?

Nov 22, 2010 12:39 PM

make sure to either vacuum pack it or else put a few of those silica gel dessicants from shoe boxes into an airtight bag.  I mean, you could always come up with your own sacrificial anode but just easier to get the moisture out to prevent tarnish.

Nov 22, 2010 12:40 PM

Not particularly.

You guys act as if delivery defaults on major metals exchanges are uncommon.  Google the LME nickel fails of a few years ago.

They worked out "deals"...that were not optional.

Nov 22, 2010 12:44 PM

HAHAHAHAHAHA...Google IS the NWO

Nov 22, 2010 12:48 PM

I'm sure the Treasury has booked these FNRE loans as "income"

Nov 22, 2010 12:55 AM

don't forget to add UE into this if you're recently unemployed.  That can really add up in a hurry.

The entire system is a load of horseshit

Nov 22, 2010 2:00 AM

one quibble...the bankers' exhorbitant privilege is that they get to earn INTEREST on their counterfeiting.  How fuckin amazing is that?

They get to lend capital that doesn't exist and earn real interest off the fiction!

Nov 22, 2010 2:03 AM

this is exactly what the game is.

People talk about the banks taking haircuts...WHAT haircuts?  They never HAD THE DAMNED CAPITAL THEY LENT.  It was conjured.

And now they get basically the entire NATION of Ireland in exchange.  Hell, it's not that hard these days to BRIBE a "representative" to bankrupt and then liquidate his own State.

Nov 22, 2010 3:14 PM

time to raise QE2 to eleventy hundred billion

Nov 22, 2010 4:44 PM

besides bein a crook, he really IS a nasty buttfag

Nov 22, 2010 9:05 PM

The Crimex has little to do with that.

Real production and real industry procure their materials through real contracts with suppliers, not on futures markets.

People should stop looking at futures markets as indicative of anything real.  Futures are kind of supposed to be cash settled.

Nov 22, 2010 9:08 PM

Um...I'm showing platinum at 1657...where's the crash?

Nov 22, 2010 9:11 PM

You're joking, right?

Mexico peaked in 2004

Nov 22, 2011 1:33 PM

you already can- it's called an IOU

Nov 22, 2011 10:07 AM

yes, the aftermath has empowered a lot of people whose ethos should have been destroyed.

For it is the love of money that is the root of all evil.  This is a 2000 year old observation and you'll have to recall the region of the world he was evangelizing in.

Nov 22, 2011 10:12 AM

having been there a couple of times and having more brazilian contacts than I can count, I concur with your assessment.

Even in 2 trips separated by 6 months I could easily spot the increase in expenditures just by the sudden abundance of higher end cars on the roads.  Even so, the mall cashiers seemed to marvel at my ability to buy shit without layaway.  Stuff is NOT cheap there.

However, even the regular everyday things that they buy have gotten jacked up.  My BJJ instructor is from Rio and was just there during the summer and was complaining about how the food and cocoa water is no longer cheap like it used to be.  It was always that cars and clothes were pricey, but you could get a meal and stuff like that for a low price.  No longer

Nov 22, 2011 10:29 AM

nobody is buying a netbook anymore than they did 15 years ago.  I despite CIAgle and don't use their products anymore.

Gaggle docs is a joke, most of their products are really half assed.  they're not brilliant.  You can only see iCrap and CIAgle products as revolutionary if you are in the cult.  Right now, MS has the best phone OS, and actually the best cloud to go with it.

If/when CIAgle TV threatens anyone, the people who actually provide the pipes will crush them, like they've done to so many others.  MS isn't going anywhere.

Nov 22, 2011 10:38 AM

use Bing then.  I don't use CIAgle anymore.  It was a hip fad when it was actually hip.  Now it's just played out, like how a cool restaurant or night spot gets "discovered" by all the lemmings and loses its charm.

Nov 22, 2011 11:39 PM

Russia and China will not act if the Arabs impose this.  Politically, they really can't interfere that strongly in a local matter

Nov 22, 2011 11:40 PM

wtf shit are you smoking, dude, Brent crude has been way over $100 for like eons now

Nov 22, 2011 11:46 PM

lol...did you read?  ARAB LEAGUE will do this

Nov 22, 2011 11:55 PM

sounds like 15 million silverbugz about to get fleeced

Nov 22, 2011 12:03 AM

jeez you act like if they killed the FRN they wouldn't be back the next day with FRN2

bankers don't care.

Nov 22, 2011 12:09 AM

corn ethanol is...sugarcane ethanol isn't.  But, we can't grow that here

Nov 22, 2011 12:09 AM

yeah, anything to not have to admit that production is in decline, eh?

When there was abundant slack capacity, we were in a different pricing regime.  commodities prices are set at the margin according to slack supply

Nov 22, 2011 12:13 AM

NO.

Oil wells peaked and declined, entire fields did too, LONG BEFORE any of this dollar devaluation shit was an issue.

Do you 'tards GET that we were ON the BW gold standard when the USA hit peak in 1970?  Or are you just fkin obtuse?

Nov 22, 2011 12:18 AM

mine is 5200lbs

Nov 22, 2011 12:18 AM

sure, if we just hold hands and wish hard enough, reality will do us the favor of conforming itself to our demands.  got it

Nov 22, 2011 12:22 AM

Everybody??? horseshit.

I explained peak oil as sustained global recession like 8 years ago.

Nov 22, 2011 12:28 PM

the answer:

A) the Fed prints

B) the BOE prints

C) the BOJ prints

D) all of the above

Nov 22, 2011 2:11 PM

Credit Line:  infinity

Nov 22, 2011 3:38 PM

fuck all those goddamned bankers

Nov 22, 2011 3:44 PM

if you're white and calling other white people racist or even giving a shit then you are the problem.  You are a fool and a tool.

There is NO OTHER GROUP I've ever witnessed call another member of their group a racist.  Ever.  instead I have watched shameless racism from them which they don't give a 2nd thought to.

White people who act like you do are punks and bitches.

Nov 22, 2011 3:48 PM

fuck their families too...their wives are self-obsessed cunts and their kids are insufferable, spoilt little brats

Nov 22, 2011 6:27 PM

I just want to see CS bellyflop because I am short via the Dec 20 strike

Nov 22, 2011 6:30 PM

well, I still have a job, so it can't be an apocalypse yet, right?  lol

Fuck fiscal restraint; this sucker could go down anyway, so let's get as much dollars migrated to these pockets as possible before the lights go out

Nov 22, 2011 6:31 PM

by fucked do you mean that we are having a discovery process where a lot of people are finding out that what they thought was a productive job really wasn't?

Gonna be a lotta that goin around...

Nov 22, 2011 9:58 AM

good time to be a chosen

Nov 23, 2010 1:17 AM

WOO HOO, GO AMERICA, #1 AT BESTNESS!!!!!!!!!11

Nov 23, 2010 1:17 PM

Hell the fuckin North Koreans shelled the euro lol...

Isn't it curious in a funny kinda way how just after QE2 and all the blather about killing the dollar, we suddenly get an outbreak of some shells here, a couple EU bond blowouts there, and next thing you know the ole bucky is still kickin?

That sure shut those congressfucks the hell up.  Nobody is talking down the dollar now.  The EU is such a clusterfuck; they never firewalled the currency.  The core EU nations ran mercantile ponzis into their OWN union, setting claymores under their own currency.  All the Fed has to do is flip some swap switches here and the EURUSD dances

Nov 23, 2010 1:21 PM

it's worth considering.

Let's do a thought experiment.  Which asset do you want to be holding if/when the bank that issues the paper money defaults?  So, the Fed goes tits up, what will happen to the Federal Reserve Note?

I'm a bit confused, so maybe someone can throw a nigga a bone

Nov 23, 2010 1:29 PM

At least Jimmy admits he's rich lol.

Sure it means something for the 3rd world...it means nice sweatshop jobs and some fucked up water and air.

SKerry is a complete fucking fool...does he ACTUALLY believe that the average American is in any way, shape, or form intelligent enough to integrate into this "new technology" economy??

What, these bumpkin white trash that average IQ 100 are going to become embedded software developers or data architects?  HAHAHAHAHAHAHA.  Perhaps he needs to read "Bell Curve."  Half the white population, 3/4 of the hispanic, and 85% of the US black population have IQs below 100...this type of cognitive capacity renders them utterly irrelevant to this new "brain work" economy SKerry is bleating about.

Nov 23, 2010 11:44 PM

You are fucking stupid, then.

Nov 23, 2010 11:46 PM

There is no such thing as peak "cheap" oil.

There is only peak oil.

I have been arguing with people over IEA for half a decade, laughing at their 135mbpd number.  Even this chart showing fields not yet discovered...what's that, 4 or 5 Ghawars?  We haven't found a field capable of producing 1mbpd in...shit...10, 15, 20 years?  500kbpd finds now are big whales

Nov 23, 2010 11:47 PM

Did you fucking READ the article?

Do it again, and this time for comprehension.

Right there, as I have said FIFTY TIMES, it does NOT MATTER WHERE OIL COMES FROM.

RESERVES DO NOT MATTER.  Production rates are ALL that matter

Nov 23, 2010 11:51 PM

I have been trying to get people to understand this for like ever.

Having failed to do so, my conclusion is that they are too stupid to grasp it and so I just curse at them.

Peak happened in 5/6 oil producing nations worldwide ALREADY, yet there are still morons denying it.

There are those who see a rise in nonconventionals like tarsands with EROIs 1/10th of conventional crude and they say hey no fuckin problem, we have 10000 years of NG.

Not at present growth rates, we don't.  Only at CURRENT consumption rates and that means NO additional cars converted to NG.  Tarsands burn a shitload of NG; go check out COSWF.  They freakin bought a NG producer to lock up supplies sufficient to produce their bitumen.  They HAVE to burn it because Alberta didn't see fit to install a nuke plant to generate the heat.

It's all one big clusterfuck while morons whistle past the graveyard.  When real fuel shortages manifest, these idiots will be in here blaming Exxon or bankers or Al fucking Gore.

Nov 23, 2010 2:33 PM

perhaps he had some heads up a couple months ago that the TICs were going to be leaving for bloodier carcasses

Nov 23, 2010 3:52 PM

Take down ALL the mutual funds...just don't touch GS or JPM

Nov 23, 2010 3:53 PM

it's enough to make you scratch your chin

Nov 23, 2010 3:55 PM

c'mon WB7, photoshop a fuckin Guiness and a fistfull of Citi and GM paper into those hands with a caption "BRILLIANT!!!11"

Nov 23, 2010 3:56 PM

take down ALL the mutual funds.  Kill, them, fine them, take all the near-rich's money.  Just don't touch the "private wealth" bigfish at GS and JPM.

SOMEONE has to pay for all these wall street shenanigans and it MUST BE the upper middle and lower upper class!

Nov 23, 2010 4:02 PM

with that much silver, you can get a couple of fresher wives

Nov 23, 2010 4:11 PM

Well get the hell to it, Bernank!  I got some underwater EM plays that need savin

Nov 23, 2010 6:55 PM

Is it payback time for all those campaign contributions to the wrong party?  Maybe change is a'finally startin to blow...right in the face of the 'crats

Nov 23, 2011 10:11 PM

when do we get a UFC HW champ with "White Pride" tattooed across his chest?

We have cities getting sued by white firefighters who passed the test then got passed OVER for promotion that was based on the test.

"More diversity" always means more blacks even if their representation is already far in excess of their share of the population.  And it leads to Detroit or Zimbabwe, as night follows day.  Show me one fucking counterexample in all of history.

We can't nurture out nature.

Nov 23, 2011 10:14 PM

so you are opposed to affirmative action, then, and all the other racial set-asides and quotas that maintain this "white privilege"?

Nov 23, 2011 10:21 PM

Yes, but equity investors are disproportionately white.

Therefore any taxation should be given back to minorities who built this country, such as blacks and illegal mexicans who've arrived here in the past 10 years or so.

I mean, we owe a lot to these groups, we owe the traffic light to Garrett Morgan who invented it 10 years after it was already in Cleveland and was like the 60th patent for it.  White people traveled back in time to steal his inventions, including the wheel and the written word and the transistor.

Until the playing field is leveled once and for all, all the affirmative action in education and government hiring, as well as racial set-asides in gov't contracting, scholarships, and welfare will do nothing more than maintain the white privilege that is experienced in superior outcome in working, invention, education, investing, saving, maintaining civilization, and sticking around after the baby is born.

Nov 23, 2011 10:25 PM

LOL...this isn't like history

Talk to me when the DOW is generating a ROI with cashflow and dividends instead of forward expectations of growth.

The old paradigm is gone.  Or maybe fusion power comes at 1:1 and then u bail on the shiny.

Nov 23, 2011 2:26 PM

when this shit blows, look out

Nov 23, 2011 2:27 PM

oil trumps paper and bombing.

the collapse of the reserve currency leads to the hyperinflationary scenario

Nov 23, 2011 2:31 PM

the euro is the reserve of the EU, so the debt peddlers have the other nations by the balls...we are the world reserve.

We get to stuff them with debt and then come after them.  Few nations have leaders like Iceland that can't be bribed to sell their nations out

Nov 23, 2011 2:34 PM

yeah, someone ponied up $80M for a fucking wedding between a prince and some whore in the UK.  People fawned and wept and were just bedazzled and awed by it.

Dynasty works because people want it.  The few who didn't ended up founding the US

Nov 23, 2011 2:35 PM

he proved the value of the military complex to the French.  The success of CVN de Gaulle in Libya operations is a source of national pride.  Now onto bigger targets for them.

Nov 23, 2011 2:39 PM

CVN bitchez

Nov 23, 2011 2:40 PM

I'm more interested to know where the de Gaulle is...the UNSC "swing vote"

Nov 23, 2011 4:30 PM

The French were the ones leading the charge on Libya...I figured it was a chance to try out their toys.

It appears likely we will knock of Assad; all we need is the Sauds and Jordanians really to agree.  The rest of the pissant nations are too small and will go along with that consensus.  If the Ahabs fly a few planes, the nations with Med bases, US, Italy, France, will do the heavy lifting.

CVN interoperability allows Rafale-Ms to fly from our decks and we can all celebrate coalitions and shit like that.

Nov 24, 2010 1:03 AM

All the nations in OPEC except Iraq and MAYBE KSA have already peaked, doofus.

JFC, can you get a fact straight.

"IF" peak is true?  If peak is NOT true, moron, oil production will continue to grow FOREVER.  Does that sound plausible to you?

As far as "deep" oil goes, you expose your total ignorance when you cannot IMMEDIATELY cite, as I can, the incredibly REDUCED ratio of flow/URR of deepwater reserves versus old conventionals fields.

I mean, hell, it's in the goddamned world oil outlook.  I guess you prefer the abuse huh?

Nov 24, 2010 1:05 AM

Titan has exafeet worth of NG.

Just may as well say Titan's reserves, as it's almost the size of earth, are "limitless" for all intents and purposes.

Now, class, what would be the expected PRODUCTION rate for Titan's NG reserves?

A. 0

B. 0

C. 0

D. something other than zero (aka, I'm a fucking idiot).

Answer _______

Nov 24, 2010 1:05 PM

Look at the Ireland road map.

Incurred MASSIVE debts to bail out the banks.  Consequently, the bankers all kept their jobs and got record pay.  They acted so brazenly, as if the bailout cash was a magical revenue source for profits.  Nobody got fired.  Nobody got prosecuted.

Now, they are massively cutting spending and jacking up taxes.  So everyone ELSE suffers.  All to support the banks and their executives.

And the bankers just keep buying Bentleys and insider trading.  How long can this last?  I mean, as a casual observer, it looks like someone or lots of someones are going to get shot over this.

I mean, wtf did we do here?  A lot of people grumbled, and the bankers got record bonuses.  And the bill is going to come...wtf are people going to do, are we really nothing but a bunch of CHUMPS?  Does it have to go weimar, the total collapse route, before people will galvanize?

Nov 24, 2010 1:11 AM

dld dupe

Nov 24, 2010 1:13 AM

we don't have anywhere NEAR enough coal to last 300 years.

We have at MOST 70 at CURRENT consumption rates, with optimistic recoverable reserves projections.

If we converted to coal, that would run out far faster and if we tried to GROW consumption AND convert, we wouldn't last 10 years.

Listen, dude, just SHUT THE FUCK UP already.  You are an ignoramus who has no clue of what he speaks.  Bartlett was right when he talked about people like you.

Nov 24, 2010 1:19 AM

Listen, Tmosley...it is pretty clear to those of us here who are intelligent how utterly dumb you are.

Your ignorance on this topic is shameful.

The peak issue has been explained to you in painful detail multiple times by multiple people yet you STILL are here actually believing that you know better.

That means that you are an idiot.  Compared to me, yes, you have the intellect of a monkey.  Sorry, man, it's just the way it is.  You are on the wrong side of the Downing Effect, son.

This is not a fucking matter of opinion.  We're not discussing religion or politics, douche.  We are discussing the physical facts of SCIENCE.  These are not arguable.

Nov 24, 2010 1:19 PM

I like Tiffany stuff...girls dig it too which makes it one of those zero-thought gift strategies.

Nov 24, 2010 1:21 AM

six fucking times?

Did you GET IT YET, mo-ron?

Nov 24, 2010 1:23 AM

wow...you are even stupider than I first thought

Nov 24, 2010 1:27 AM

we still had a shot for a crash course in the 1990s, under Clitton, when we had a strong dollar we could have printed to buy voltaics, push technology, microturbines, quasiturbines, direct injection, photocombustion, gasoline fuel cells, basically anything to quantum leap thermal efficiencies for a given power output as well as generate surplus electricity.

We didn't.  We got fucking fat hillbilly bumblefucks and pavement apes driving SUVs and we got massive exurban McMansions and granite countertops.  This squandering of the opportunity in a moment of truth is one of the great tragedies of all time and why Clitton is perhaps the worst President ever.

Nov 24, 2010 1:30 AM

I JUST CITED THE FUCKING FLOW RATE TO YOU, YOU FUCKING IDIOT.  1mbpd.

Nov 24, 2010 1:32 AM

The USSR Oil Peaked in 1989...someone have a history book to tell me what happened almost immediately afterwards?

Nov 24, 2010 1:33 AM

see, you are so dumb as to be confused.

I have at no point called for the end of the world...others may have, I am not one of them.

I have merely called for sustained global recession as a result of peak oil.

Nov 24, 2010 1:35 AM

Honestly, are you stupid enough to think that the "bronze age" economic system revolved SOLELY around the production of bronze and NOTHING ELSE?

AGAIN, for the ELEVENTY BILLIONTH TIME, moron, Peak is NOT WHEN THINGS RUN OUT

Nov 24, 2010 1:37 AM

Oh for the fucking love of GOD...peak solar will occur when the sun reaches its maximum solar intensity for all time.

For all intents and purposes we are already AT peak solar.  The sun is not getting brighter.  It is not showering us with GROWING amounts of solar radiation

Nov 24, 2010 1:39 AM

LOL...a person who STILL cannot understand that peak oil does not mean "ran out" and yet STILL also feels like stating an opinion on something about which he understands so little...

Nov 24, 2010 1:42 AM

at what point did you see me in any way discuss the investment angle on Peak Oil?

Peak oil already happened.  2005's C&C peak stands, and the 08 all liquids peak still holds. 

Whether or not you can "make money" off of this and how is a separate issue.

Oil may go lower, sure...the price of oil is dictated by marginal slack capacity.  During 2007, consumption exceeded production because production plateaud but consumption continued to grow.  Simple as that.

I have no clue why you could possibly believe that the futures price of paper oil would be "evidence" of peak.  There are real production figures out there which provide the evidence.  The dollar price of a barrel on NYMEX does not determine whether production has peaked or not.

The market is irrelevant.  Oil will peak (C&C already did) when the earth produces oil at the highest rate it can.

Nov 24, 2010 1:47 AM

As the holder of a real engineering degree, I am one of the "theys" that cretinous idjits...ok, I am being harsh.  People with those 105IQs are not really cretins, but you get my point...they expect people like me to "just come up" with something to save them.

And they actually so arrogantly regard their "conceptual solution" as the critical part of the process.  I had a business partner like this when I was coding for a startup I was a partner in.  He seemed to think that if he could come up with an IDEA, that the whole goddamned thing of IMPLEMENTATION was just QED.

I just laugh at people like this.  At some point you have to make peace with the Downing/Dunning-Kruger thing and which side of it you're on.  The real twist is the modern phenomenon of this where these people are actually brazenly unafraid of stating their idiotic opinions and are incredibly resistant to being educated.  They are like the MRSA of opinions

Nov 24, 2010 1:48 AM

jealous?

Nov 24, 2010 11:04 AM

HAHAHAHAHA...what rivers do you propose to dam to generate that type of power?

I mean, I am ALL EARS for this; this ought to be good. Only just 7 copies here of the largest dam ever constructed. Should be NO PROBLEMO. And 24 elsewhere. On WHAT rivers?

Then, please account for the next 10mbpd of lost production.

Nov 24, 2010 11:19 AM

sigh...even if we transition to fusion power, Peak will still happen in oil.

Peak is defined as the production maximum for all time.

Look; if you cannot grasp the basic definitions of the issues, don't speak to me about them.  You are all over this thread with magical thinking, the notion of 31 Three Gorges Dams needing to be built every time we lose 10mbpd in production capacity, which is an absurd proposition, utterly absurd.

It has taken years to build ONE of those.  WTF are we going to do, build 31 of these dams every 5 years?  There aren't enough rivers in the world to meet the substitution for oil, not even close.

As for the world oil outlook, it's available on the web, as are credible production figures for KSA.  I would recommend against using EIA as a reference as they are US Gov't statistics.

Nov 24, 2010 11:24 AM

you should be careful of the data you reference.  If you're going to take rosy figures, use the USGS, just a piece of advice.

I should have said only KSA and UAE have any slack capacity, but the incremental growth of production in nations other than UAE is what a peak looks like.

Nov 24, 2010 11:28 AM

Where do I apply it?  In arguments such as this.

Nov 24, 2010 11:37 AM

Look, man, it does you no good whatsoever to make incredible claims, such as an IQ of 161.  If you are going to lie, at least try to lie convincingly, ok?  Or, hell, man...shoot the moon and claim 261.

56 years isn't remotely close to correct.  In fact, Dr. Bartlett spoke precisely about coal reserves in his exponential growth series and how people like you CONTINUALLY repeat lies.  I really do not have the TIME or the inclination to go over this with you.  I have already done this eleventy hundred times with others, and have tried and failed to get you to grasp ANYTHING on ANY peak oil thread.

If your IQ was above 130, you would probably understand how asinine "300" years is.  You'd also understand the scope of your own error.  As it stands, you cannot and do not.

You will be on the next PO thread saying the same things, getting laughed at and eventually just getting abused.

Nov 24, 2010 11:40 AM

My blood pressure's great.  People have this habit of trying to impute to me the type of blood pressure that they themselves would have to have in order to act like I do.

This is my internet persona...I can calmly berate people.

To be honest, though, I really am not into this shared heritage shit.  Most people are worthless and should not be entitled to scarce resources. 

Nov 24, 2010 11:53 PM

gold, bitchez

Nov 24, 2010 11:55 AM

Seriously?  You mean I actually convinced someone?  Wow...

What is the "solution"?  Fusion power.  That's it.  Hail mary, deus ex machina.

Efficiency is subject to asymptotic limits.

We could take a huge leap by converting transportation from ICEs to gasoline fuel cells.  The latter are substantially more efficient in terms of thermal efficiency than combustion engines.  Problem is we don't have them and we don't really focus our solutions on what will give the best results.  We dilly around with stupid shit like hydrogen.

Increased efficiency frees up production.  The problem in such a case is Jevon's Paradox.  There is no movement anywhere to conserve or forego the consumption of anything.

If we don't use it, those billion dots or chinks looking to have "the good life" like on Real Housewives will.

We will have to have absolute tyrannical control for "society" to move to conserve.  We as a species are like deer on islands.

I mean, look at Bell Curve.  Anyone who has a high IQ has to look at at normal distribution with a mean around 100 in the US and be scared to fucking death just by the 68/95/99 rule.

How could you possibly hope to get 50% of whites, 75% of hispanics, and 85% of blacks to go along with something?  And that's just the US.  If you look out over the world, average IQ is sub 100 for some entire continents.  You're not going to be able to lead these horses to water.

Think Brave New World...best outcome is benevolent dictatorship.  Next in line is just a creeping malaise, what I have called for and expect, i.e., sustained global recession.  It will stretch out over decades.  I do not expect sudden collapse.

It will look sudden in a historical or archeological sense, but to us it will seem to take generations, as all major epochal shifts do.  So essentially, don't worry about it.  Just don't expect, absent fusion which may or may not come soon, for things to just go back to megagrowth.

We've been 10 years away from fusion for the past 40; maybe this time we'll get there.  The problem with asking for a "solution" is that physical problems like this are not amenable to strenuous wishing.  Wishing harder or getting more animated won't make the universe grant your wishes.

There is some bridge technology hope in PBMR, voltaics, and wind.  If you look at NASA's PVs, they are awsumz.  But they cost $1M/sq' and shit.  It's unclear whether via research this could be pushed down, but eventually surely it will be.

The problem really is there is no movement as a species to conserve.  We seem to expect perpetual energy supply growth and demand it from "they"

Nov 24, 2010 12:00 AM

honestly I don't know why I continue to talk to trifling nitwits, but here goes.

The ENTIRETY of C&C growth in the past 10 or 15 years has been in heavy sour flavors.  Lightsweet crude peaked a LONG time ago, but they just didn't announce it.

The sour varieties require more energy to refine.  EROI is declining.

It's already challenging enough for you cretins to grasp the difference between reserves and rates of production and I fully expect that going an extra step to trying to quantify the relative energy quality of the production is so far beyond your cognitive capacity as to be akin to trying to teach a monkey calculus.

Nov 24, 2010 12:00 PM

sustained as in continued.  It sustains.  The dude abides and shit.

As long as net energy input declines, recession must continue.  I mean real GDP not this phony transactional shit, btw.

Nov 24, 2010 12:01 PM

JFC, again, for the 11111111th million billionth time, PEAK IS NOT WHEN THINGS RUN OUT

Nov 24, 2010 12:07 AM

ANWR is *at most* a 1mbpd resource.

that's 1/85th of current consumption.

Nov 24, 2010 12:10 AM

Know why?

Because US consumption fell TEN PERCENT as a result of the economic 2008 collapse.

We're driving less miles.  Doing less things.  That's the sound of GDP dropping.  The 2007 spike was caused by the peak in 2005/06

Nov 24, 2010 12:12 AM

There is substantial evidence that this is precisely what happened.

The end of the bronze age was a worldwide economic collapse and dark ages that lasted centuries.

Any economic system requires a growth in energy inputs for it to grow.  When those energy inputs no longer grow, collapse ensues.

YES, these collapses play out over decades and even centuries, but they occur nonetheless.

Nov 24, 2010 12:13 AM

Did it ever occur to you that the reason there is not additional refinery capacity being built is that the oil majors, behind closed doors, KNOW that there will NOT be additional oil that's needing refinement?

There's no point in additional refining capacity at this stage of the oil production curve

Nov 24, 2010 12:16 AM

YES!!!!11

Exxon BOUGHT UP all the skittle shitting unicorns, you stupid fuck, and they are HIDING them in their secret facility, IN CONCERT with the bankers and DoD/CIA at Area fucking 51.

GFD, wtf are you people like ALLERGIC to science or something?

Never in my mind did it occur to me that the type of people who used to cheat off of me in high school would EVER assume their own opinions were worth a shit, much less voice them....yet here you are.

Nov 24, 2010 12:21 PM

Yes...unleash your anger.  Give in to your hate.

With each passing moment, you make yourself more my servant.

Strike them down with all of your hatred, and your journey toward the Dark Side will be complete!

Nov 24, 2010 12:24 AM

Cmon...the whole issue boils down to a CLASSIC FALSE DILEMMA.

EITHER SUBMIT TO INVASIVE SCANNING OR BLOW UP MIDAIR.

It's as SIMPLE as that, to the incredibly simple-minded.  It's ONE or the OTHER, there is no option in this binary world for other outcomes.

NEVERFUCKINGMIND that your chances of dying due to a mechanical failure or PILOT error are orders of magnitude HIGHER than via a shoe bomb or something, and also, let's all do ourselves a favor and FORGET that underwear bomber was DENIED the flight by the State Dept, oh, because he like lacked a FUCKING VISA and a PASSPORT.  But, wait, no...the intelligence community in the USA overrode State's denial and let a motherfucker who was already ratted out by his own fucking DAD get aboard!

I mean, you go ahead and try to fly to fucking Canada without your papers and see what happens.  Only KNOWN terrorists are allowed to fly without documents, it seems.

Sure, some fucking CIA agent was looking to "make his career" by seeing who this guy met up with in the US.  Oh surprise, he tried to detonate himself en route.  I hope the intelco is reading this post; you are all a bunch of stupid fucks, you hear me?  IDIOTS.

Nov 24, 2010 12:58 AM

Huh?  China just barely got electric fucking power.

Most of the last 500 years, they haven't been jackshit.  WTF are they now except a potemkin nation hiding a toxic waste dump?  Can't even breathe the fucking air in the major cities safely.

Nov 24, 2010 4:24 PM

no cutbacks among bankers

Nov 24, 2011 1:08 PM

that rain yesterday was a conspiracy false-flag by TPTB too

Nov 24, 2011 12:18 PM

continuation of France's moves on Libya....CDG probably en route

Nov 24, 2011 12:37 PM

Time to set up a "taking hot chicks out of this shithole" stand near there with some FRNs in a display case

Nov 24, 2011 2:59 AM

there are a number of commentators - i'm one - who have explained why this is inevitable.  Once you understand the mechanics of the growth systems like creditmoney, this becomes obvious.

There is NO other way to make the accounting work.  It would behoove everyone not to misunderstand and chalk this up to scienter or malice and just get that the math makes this happen.  That's all there is to it.

If you can parse the kookiness of hypertiger, you will see the same statements.  It's a matter of the growth needs not being met and they simply must be filled by printing or else the system itself will collapse.

Nov 24, 2011 3:06 AM

a dirty bomb wouldn't kill more than a couple dozen.

Nov 24, 2011 3:08 AM

Let's see...Russia had a financial collapse, a bunch of cousins came out the other side owning most of the State.  Jeez, the more things change...

Do they REALLY want to give themselves over to the owners of the UK and US?

Nov 24, 2011 3:22 AM

now motherfuckers all has the yellow fever

Nov 24, 2011 3:24 AM

Russia was the slack supply in both Pd and Pt, from strategic stockpiles.  These are probably now depleted

Nov 24, 2011 3:34 AM

at the beginning of the species, man was a scavenger.  Only via a stroke of genetic luck did we achieve a mutation which slacked our jaw muscles a bit and permitted the skull to enlarge and the brain to grow.  With this we were able to scavenge using tools and access far better protein and fat sources than other scavengers could access.

When we mastered fire, we became predators.  Fire was the greatest invention in the history of man and was invented obviously either by Martin Luther King or Garrett Morgan, but I digress.

However, at that point, we started using animals like dogs, some of whom acquired the epigenetic expressions necessary to not fear fire as other animals have/did.  We quickly found out the cheapness of using other lifeforms.  So, parasitism?  It just gives your genes a huge advantage in terms of offspring.

There is no good and bad, it's all just evolution.

Nov 24, 2011 3:38 AM

what are we gonna do, kill all of them and rewrite their holy book?  That would just be...evil.

Nov 24, 2011 3:42 AM

idiot...there's not going to be any assets in the Hormuz strait nor Gulf prior to Iran's desire to attack.

they could not arm up for such an attack without being noticed...jfc, do you THINK?  You suppose they can mass all these boats with supercavitating torpedos and our spies and satellites won't see it?

At such a turn, the CVN group moves 200 miles offshore...then what?  CVNs are valuable because you can strike hard from them outside the range which you can be struck except by atomic weapons on ballistic missiles.

Even if Iran did manage to engage a CVN group successfully, we have only like what, 10 more of them?  And at that point it would be on.  We have fucking air force bases all over the fucking region.  Naval power like CVNs are useful where nations do not have bases.  We have them in the NEXT COUNTRY OVER, on BOTH SIDES.

Nov 24, 2011 3:47 AM

our school systems are nearly the best in the world if you only count asians and whites

Nov 24, 2011 3:54 AM

Dagong is not a fucking major ratings agency

Nov 24, 2011 4:42 PM

this is nonsense...the town would simply organize its own currency and everyone's debt would be extinguished via that.

See, nobody OWES anything in this town, moron.  They all have $100 owed and $100 in receivables.

Nov 24, 2011 4:50 PM

Soviet oil production peaked in 1987...they collapsed starting then.

the US peaked in 1970 and we collapsed as well, until we were able to make KSA the effective 51st State

Nov 24, 2011 4:53 PM

it is the lower and middle upper classes that rise up against the upper upper class.

Always the lawyers and doctors and professionals like that, the "intellectuals."  This is why 401ks must be preserved by the banker elite...if they raid those, they shit on every one of the professional class and there are a lot more of them than the monied elite and they know how to pull levers.

The middle class has neither money nor power and the lower class is cattle

Nov 24, 2011 4:54 PM

and so all these drone strikes into Pakistan are....?  Nobel Peace?

Fuck these fuckers

Nov 25, 2010 1:00 PM

Germany is now laboring with the same conundrum that faces China.  After decades of mercantilism, how can they *actually* get repayment from debtors they purposely bankrupted?

Germans are really of the mindset to seize Ireland and Spain and make them vassal states most of like S. America is to their banks.

The really curious thing is that the exporter mercantilists don't see a single thing wrong with the imbalances, despite that if these imbalances had never come to be due to the imposition of the "fiscal sanity" all the exporters now clamor for, there would BE no surpluses and no rosy job markets in the exporters!

Without artificial demand, there is no room for artificial supply!  This necessarily means much smaller economies in mercantilist exporter nations.

Nov 25, 2010 1:08 PM

Germany cannot expect to maintain their side of the artificial supply/demand imbalance.

The exporters saw artificial economic booms due to artificial demand.  The importers saw artificial economic booms due to artificial amounts of debt that was supposed to be paid for with tomorrow's growth.

And, of course, mercantilists like China and Germany called dibs on that future growth in their export sectors.  Suppliers' continued refusal to accept any blame or even acknowledge complicity in this shell game make realistic solutions intractable.

The reality is that tomorrow CANNOT PAY TODAY'S DEBTS.  It's a simple point of recognition that everyone must come to.  Attempting to refinance today's debts or pretend them away will change nothing.  QEs are a progressive jubilee as debt gets replaced with printed paper and the CBs attempt to "make it up" with sovereign interest on the long end rather than see their sole products (their banknotes) go up in a whiff of implosive smoke.

While these QEs roughly solve today's problems, they do nothing to cause additional credit growth in the aggregate.  Therefore, the system still faces a growing brick wall.  I'm going on a limb and saying that at the end of this game, which may play out over decades, we are going to see CB paper become the equivalent of tally sticks.  There is no point in pretending that organic private sector credit demand can fluff this bubble.  It will continue to contract.

Nov 25, 2010 1:20 PM

this is awesome shit.

the EU now is akin to having NY's politicians trying to pimp out a smaller US State.  So "NY" banks would lend to say, Alabama, now NY's banks want Federal cash and the land under the feet of Alabamans. 

Germans are fond to think they have interests primary to the EU project.  They shouldn't have joined the union if that was the case.  In the USA, no state is superior to another, due to the power of the Senate.

Nov 25, 2010 11:34 PM

gold never formed this basis; there was no true gold standard.

World commerce ran on Real Bills.

Nov 25, 2010 11:38 PM

I don't intend to try to bribe Jesus with shiny shit, just a border crossing guard or two

Nov 25, 2010 11:57 PM

Fermat's Last?  "n=" is not correct

Nov 25, 2010 11:58 PM

Arbeit Macht Frei

Nov 25, 2010 12:20 PM

In a contractionary climate, this should be expected.  As there is no aggregate growth, literally everybody is a deadbeat.  The economies cannot support the coupon, and recognizing that, everyone wants a coupon that covers this.

So, if you were lending to someone you KNEW wouldn't pay back, what is the interest rate?  It's obviously a lot more than they can afford in the first place.   This is why payday lenders are charging 35%.  They hope you can survive until they cover their initial outlay.

Nov 25, 2010 12:50 PM

Rut roh Raggy

Nov 25, 2010 12:54 PM

get control of your bitch...anyone who has faith in government after what we've seen is completely delusional.

The institution of debtmoney no longer has mathematical viability.  Tomorrow's interest cannot be repaid with today's growth, because there isn't any growth.

So, what is the solution to insolvency?  Lend MORE??!?!  Somehow MORE debt will cure a problem of too much debt?  Borrow your way out of bankruptcy?

As an aside, start hiding your PMs from your mate because they will inevitably end up gone when she gets around to divorcing you because you were right.

Nov 25, 2010 3:48 PM

Putin read the Mein Kampf playbook...however he stopped short in terms of only decapitating the tip of the oligarch iceberg.  They either got jailed or ran off with their 2nd passports.  Reinhard obviously went much, much further.

But Putin was so heavyhanded with the oligarch set that I don't think that any of the 2nd tier and below in the clan really wanted to go fucking with him, and lacking Hitler's irrational fetish with this ethnic group, saw no need for a broader purge.

Tyrants come in varying flavors...those with the most to fear are the ones at the top of this foodchain.  However, as they have to the extent necessary been very studious, as they were in Russia, to suppress their own group identification, it's probable that nobody outside the circles will recognize the disproportionate ethnic outcome of such a coup.  Nobody did in Russia, that's for sure, and it helped that the group disproportionately impacted continued to actively suppress the predominant affiliation of those impacted.

Nov 25, 2010 3:51 PM

offensive how?  Is it because the banker set is so dominated by jews and the whole Hitler thing is a sore topic?

Nov 25, 2010 3:53 PM

if world commerce was based on RMB, the chinese would use it to try to fuck every single other nation in the ass two ways from Sunday.

Nobody trusts the Chinese and nobody should.

Nov 25, 2010 4:35 PM

Bretton Woods is.

We're a mere 40 years into a debt-based fiat regime.  Historically, this is the blink of an eye.

Nov 25, 2010 4:39 PM

The slope of the downside of the oil supply curve will dictate the pace of the unwind.  Simple as that.

There is no "moment" in which a switch flips.  Even wanton Weimar printing took years, as has Zimbabwe.  In rare cases, there are Argentina bank lockages, but the overall collapses play out over longer timescales.

Nov 25, 2010 4:45 PM

yes...those specs who hit the right number on the wheel will get rich then start believing it was more than just luck.

Nov 25, 2010 4:48 PM

apropos, totally.

Right now we seem to be in a curve

Nov 25, 2010 4:53 PM

This is reasonably fair but you missed out on gold.

I maintain gold is rising due to peak production in 2001, not due to apocalypse fantasies.

There really has been a seachange view on debt, and I like your description of it.  It's NPV of payments plus whether the debt can be rolled in the future.  The rolling debt gathers no loss.

Nov 25, 2011 1:04 PM

not exactly...every system like this wants the right breeding and with that comes the ability to act in a cognitively dissonant manner, where you have essentially a private and public reality.  I know people like this.  They admit at times the utter insanity of the "system" but at the same time say that the system has its own demands and if you do not meet them, you get excluded.  Truth is not a demand of the system.  A certain orthodoxy is.

Genius has nothing to do with it.  There were various scientific geniuses who bucked orthodoxy and were shut down by fellow scientists, also ostensibly geniuses and brilliant at math.  Fourier, Faraday, most recently M. King Hubbert- who proposed a notion of national peak production when ALL the other geologists had also seen wells and fields peak and decline.  The systems they belonged to had their own demands.

Nov 25, 2011 1:05 PM

then Faber's insane...those italian bonds are a surething default.  The USTs will repay at least some nominal coupon

Nov 25, 2011 1:06 PM

we have 50...nobody stopped illinois

Nov 25, 2011 10:35 PM

yeah and from 3rd world countries too. 

Nov 25, 2011 12:38 PM

Russia should know; the only thing that bottomed out the old ruble was gold

Nov 25, 2011 12:40 PM

opulence...he is it

Nov 25, 2011 12:41 PM

yeah no shit, I really can't tell much difference these days

Nov 25, 2011 12:42 PM

fracking has saved the FRN for now

Nov 25, 2011 12:44 PM

no they fucking aren't

Nov 25, 2011 12:44 PM

yeah because that food shit just magically grows everywhere else.

If you think nations like brazil are going to happily sell out to China when they didn't sell out to us, you're in dreamland

Nov 25, 2011 12:57 PM

and wtf, they are negotiating a euro price...this was not at all how it was supposed to go, but wth right?

I guess we have our own muni situation here and Feds who bought State debt

Nov 25, 2011 2:05 PM

fuck XMas.

fuck standing in lines with herds of lemmings to buy consumer merchandise

Nov 25, 2011 4:13 PM

sure it does...the CBs have been lending it out for decades

Nov 25, 2011 4:16 PM

your stack would be almost twice as large had you waited instead of chasing the breathless calls for "$60 next week" in the midst of a blowoff

Nov 25, 2011 9:09 PM

bbbut...I have been told diversity is our strength.  In fact, there is a black studies department at some college that wrote that desegregation was an advantage to WHITE students as a result that they got access to diversity being bused in.

Nov 25, 2011 9:12 PM

it makes Gates profits so he can help africans, how can you not want to buy into that?

Nov 25, 2011 9:14 PM

ROTFL, no crapple isn't...hahahahaha.

Last I heard, there was no "red hat" mobile OS or anything like it.  Only CIAgle's Andriod.

Nov 25, 2011 9:15 PM

gee...who do i see in that pic?

Nov 25, 2011 9:23 PM

yeah, move to a poor country and open an upscale fucking PET CARE clinic?  Nobody has the money to waste on fucking pets in most of these places; they shoot them.  They're animals, not a fucking imitation kid because the adults have a child's mentality and couldn't take adequate care of a real human.

Nov 25, 2011 9:25 PM

delivery getting a wee bit too close to the prose style of MDB.  Don't blow a good thing, dude

Nov 25, 2011 9:28 PM

dude...without college sports (and now pros), people would have next to zero positive images of black people.  Therefore, college sports are critical.  It's the one venue where rich white people can cheer for others who they would never associate with in real life and will do everything in their power to stay the hell away from

Nov 25, 2011 9:32 PM

they're peaceful to gringos with money and a respect for "authority." 

Nov 26, 2010 1:06 AM

I would say that you are creating a false dilemma.

Let me ask you this, was it before or after you came out of the closet that you started beating your wife?

Nov 26, 2010 1:11 AM

they don't have SUVs in your neck of the woods?

Per capita consumption?  GDP/unit energy 1/2 that of the EU, 1/4 that of Japan?

Nov 26, 2010 1:12 AM

see, it's shoddy thinking like this that imperils us all.

I said that most bankers were jews, not the goddamned converse.  JFC, is there ANY intelligent life out there?

I have my PC running the SETI client 24x7 and it's coming up bagel

Nov 26, 2010 1:16 AM

I hope you don't mean jew and jewelry because they have entirely different etymologies.

Nov 26, 2010 1:25 AM

It's all paper...it ain't real.  Wake up, world.

Nov 26, 2010 1:29 AM

Fuck everybody's race, religion, and nation!!!!!!1

Nov 26, 2010 1:30 AM

Our "true" reserve status lasted until our oil production peaked; think about that.

Nov 26, 2010 12:16 AM

Ah, but this is how biflation exists!

It's what I've been trying to explain.  Things that are paper based, people don't want, can't be sustained in terms of pricing.

But, the input costs as the real cost of energy via EROI rises, so there is a dilemma presented.  The real cost of doing things rises.  The amount of doing necessarily declines as energy surplus vanishes.

What happens when the amount of oil it costs to build a house exceeds the amount of oil the buyer might reasonably expect to be able to "purchase" in the future?  At the lowest level, there's your cost of construction.  Answer:  house doesn't get built; nobody buys, nobody sells.

There isn't an economist out there in 1000 who has spent any time whatsoever thinking through the economics of contraction instead of growth.

Nov 26, 2010 12:21 AM

who cares?  I'm watching Trash, Inc. and seeing how NYC is burning fuel in trucks to haul garbage fucking 400mi to dump somewhere.  LOL; what kind of sick society is this???

I mean talk about a precarious position; what happens to these cities if there is any oil scarcity?  Dump it in the river?  I suppose there's always New Jersey, right?

Nov 26, 2010 12:34 PM

"Trav7777 Calls on China to STFU and stop stealing IP"

what a sleazy nation...sheesh

Nov 26, 2010 12:46 PM

Nice clean H&S top on gold today...told a friend to short IAU 13.5; we'll see what happens at the 13.0 neckline

Nov 26, 2010 2:53 PM

was this a satire piece?

Nov 26, 2010 3:00 PM

buy gold w/ your credit card.  at least you will have something shiny

Nov 26, 2010 3:08 PM

oh yeah, the words on your signs will REALLY make a difference.

"Transparency" HAHAHAHAHAHAHA

No, really at this point "criminals" and "kill" is about all that anyone can wrap their heads around.

Nov 26, 2010 4:42 PM

Constitution?  WTF is that?  Some faded document in the Archives.  Invented by OLD WHITE MEN who OWNED SLAVES, therefore, it is ab initio invalid. 

The ends must justify the means for the greater good and the children and all that shit

Nov 26, 2010 4:52 PM

pretty succinct description.  And this is what some of us were forecasting back in 08.  Risk was being transferred to sovereigns.  Now, the international finance class will demand you sell your organs before admitting that their SYSTEM is to blame for this.

We need a complete reset, and a destruction of the banker class.

Nov 26, 2010 4:59 PM

there was no such thing as anything other than black slavery by white people.  And all white people must share perpetual guilt for this.  Diversity is good except if it contains white people.  That's because white people are evil.  They are evil for oppressing the indigenous populations of the world with electric power, modern medicine, and the lightbulb.  Nevermind the written word and wheel, which were brought to 2 continents by invading white debbils.

In fact, when you subtract out nearly all technological progress in the past 1000 years, 99% of the things ever invented, calculus, oil, nuclear power, optics, the car, airplane, computer, and pretty much every field of science and medicine, white people have nothing going for them at all, whereas diverse peoples have deepness and realness and all the cool factor you see in movies.

Nov 26, 2010 5:06 PM

it is amazing how the usury class has succeeded in overcoming literally thousands of years of accumulated wisdom - gained through experience - as to the impropriety of going into compound interest debt.

Nov 26, 2010 7:41 PM

Greece rioted more before selling out

Nov 26, 2011 11:25 PM

has any one of 'em ever behaved any differently in any position they've been elected/appointed to?

Nov 26, 2011 11:43 PM

Cmon Tyler, that's the credit growth the system needs, right there in synthetic debt spun from nowhere.

the consumer sector sure isn't levering, so they have to pile fantasy debts atop everything to keep the numbers churning.

People lost sight of the fact that since the 2000 bubble burst, the only way to grow the debt pile, which had increasingly become off-books and in phantom shit was this way.  The 80s started this and the GLB financial bill along with accounting reform act were necessary to ensure the continued growth of this paper system

Nov 26, 2011 11:45 PM

stop trying to impose your culture on them, you rayciss

Nov 26, 2011 8:57 PM

Yergin is an idiot.

His thesis can be reduced to "if we raise the price to infinity per barrel, we will have infinite supply."

Supply cannot grow forever.  It simply cannot.  It is impossible.  Eventually, oil supply WILL PEAK.  there is NO ARGUMENT to be had about this and anyone who tries to make one is a fucking moron.

Nov 26, 2011 8:59 PM

why do you cretins still figure we USE oil if there are so many better things out there?

In your minds, everything is some backroom conspiracy by Potent Directors.  In reality there IS NOTHING BETTER than oil.

If a new magic substance were discovered tomorow its inventors could not be stopped.  They would have profitability wildly beyond that of oil companies and they could use that to FIGHT WARS if it came down to it, against the oil interests, and THEY WOULD WIN because they had access to MORE POWER.

Nov 26, 2011 9:04 PM

you are not correct on a point here.

Oil is LOWER EROI than human-powered coal extraction.  Far lower.

What oil is about is not EROI, it is about power.  Rate of use of energy.  Even if Coal dug by hand delivers a higher EROI (and a water wheel is even higher by many orders of magnitude), it is not about that.  The world of growth runs on power, the rate at which energy can be used.

This is why machines, even if they waste 70% of the energy input (eroi/efficiency low) compared to a waterwheel, can do vastly more.  Because they can do work at a higher rate.

This is the pure physics of the issue.  Most people cannot grasp the issue with energy because they think in 1st order, instead of in the first derivative

Nov 26, 2011 9:08 PM

and then what?

We still have to grow.  We'd need 10,000 nuclear plants worldwide and that gets us where?  To now?  Then what?

You guys just don't seem to grasp geometric growth at any kind of level.  We NEED ANOTHER 10,000 in a period of time that depends upon the rate we expect to grow!

If that's 3%, it's 24 years to ANOTHER TEN THOUSAND PLANTS.  Then, 24 after that, we need TWENTY THOUSAND MORE.

Please, just fucking STOP.  Learn how to do math or STFU

Nov 26, 2011 9:09 PM

it is NOT about EROI, it is about power.

EROI matters when it hits 1.

Nov 26, 2011 9:13 PM

Jevon's Paradox?

really it would benefit the discussion if people like you would STFU.  I don't say that to be rude it's just that you simply don't fucking get it.  Your thesis has been taken apart on so many levels so many other places (some of them by me) and yet you are here spouting it as if it's NEVER been fucking thought of by anyone.

The problem is growth in economics requires growth in the rate of consumption of energy or power in the aggregate.  Reductions in use in one place spawn more consumption elsewhere.  Tragedy of the Commons.

Please, all of you people, educate yourselves.

Nov 26, 2011 9:14 PM

you simply don't understand math, dude.

Nov 26, 2011 9:15 PM

huh?  Nuclear power production in the US has already peaked.  HOW CAN DIS BEEZ?

Because we're not building more plants.  We've shut them down.  Do you NOW GET the difference between peak and "running out"?  The words "running out" have no business in a discussion on oil production, ok?  Don't use them again.

Nov 26, 2011 9:19 PM

complete and utter horseshit

Nov 26, 2011 9:22 PM

and every country on the planet.  Nobody involved in the inventions or the PUBLIC PATENTS fled the country.

JFC if you were the patent examiner, or the lawyer, or the accountant, you'd take that shit to Iran or Brazil or ANYWHERE and they would use the free energy to make a GIGANTIC ARMY to take over the world.  BECAUSE THEY COULD.

Nobody using oil would be able to stand up to the free energy juggernaut and its infinite power laser beams and shit

Nov 26, 2011 9:23 PM

stupidest thing ever said.  You can't divide square miles by people and come up with "comfortable."

Nov 26, 2011 9:24 PM

does E<>gh in Texas?  Are the fucking laws of physics suspended on your stovetop?

Nov 26, 2011 9:28 PM

uh...dipshit...OTHER ENGINEERS used leaded gas because it WORKED.

It solved valve wear issues and increased octane.

EVERYTHING is a conspiracy in you morons' minds and nobody apparently could EVER figure out the stupidity of these inventions, huh?

Nov 26, 2011 9:37 PM

dude, it gets better...we're going to extract DOUBLE the mass of the earth from the earth every day in 2440

Nov 26, 2011 9:41 PM

your fuckin 15 yr old TV wastes massive energy

Nov 26, 2011 9:52 PM

oh yeah, you will get gigawatts from a fucking kite...GTFO here, idjit

Nov 26, 2011 9:54 PM

if you bought a Volt then you're an idiot.  eDrive Prius or Leaf is a much better car

Nov 26, 2011 9:59 PM

it will probably last about as long as their highspeed rail system did

Nov 27, 2010 1:26 PM

careful...it used to be a six pointed star composed of two overlapping triangles

Nov 27, 2010 1:31 PM

what about them?

Suppose the British WEREN'T a completely exhausted shell of an empire that could be beaten by default?

Suppose that there wasn't a gigantic bunch of white libtards in the North and jewish money and advocacy groups using King as a figurehead?

Sure, you think we can win without any real effort?  Let's see here, was it King who deployed to integrate southern schools or was it, like, the army or something?

The State uses the shit out of violence, typically as a FIRST resort.

Nov 27, 2010 10:28 PM

Germany clearly plans to export their way out of that debt.  Consequently, they will permit nothing to upset their apple cart.

Nov 27, 2010 11:14 PM

yes because our minds can conjure energy.

You, my friend, have been watching WAY TOO FUCKING MANY CGI movies where the animations violate the laws of physics.

You idiots suspend your disbelief so much so routinely that you no longer HAVE ANY.  Hell, I saw it in a fuckin movie, right?  So it's GOT to be possible, simply because someone IMAGINED it!

Nov 27, 2010 11:16 PM

These innovations all USE ENERGY, moron.  They don't generate it.

Shit, dude, you've convinced me...all we've done is find new and cool ways to use MORE energy at a higher rate!

Our expectation of the ability to do this is crashing into production peaks. 

So, please, IMAGINE fusion power so we can all have it, ok?

Nov 27, 2010 12:04 PM

without violence, it will get nowhere.  Standing and shouting accomplishes nothing

Nov 27, 2010 12:16 PM

You just don't get it.  This "burp" was caused by the oil peak.

Gold is declining in production and has been since 2001.  There is no bubble.

Nov 27, 2010 12:19 PM

you guys just can't wrap your heads around the notion of "real" assets, can you?

Everything is a fuckin paper trade in a casino, to "make" money.

Nov 27, 2010 12:27 PM

So, basically they can tax everything so may as well put a bullet in your head today.

Then again, real assets have worked out pretty well in most collapsed societies...who am I to believe, history, or you idiots?

Nov 27, 2010 2:49 PM

if this is true, then ROK has no choice but to launch a preemptive first strike.

You're not very good at game theory here, are you?

Nov 27, 2010 2:50 PM

for the love of god, china didn't have ELECTRICITY until the latter half of the 20th Century.

Nov 27, 2010 8:32 PM

yep.  If you don't show up with BLING and the kids aren't TOTALLY ECSTATIC just like the TV commercials, well then...YOU are a FAILURE.

I will buy the car for the guy who tells his wife deadpan, in response to "he's getting HER that car, why don't you get that for me," "maybe if you looked even vaguely as good as she does..."

Nov 27, 2010 8:52 PM

Just say NO to the commercial Christmas.  Stop being a lemming.

Nov 27, 2011 1:44 PM

ah, the magic EMP...from whom?  Who the fuck is going to press the button, moron?

Nov 27, 2011 3:56 PM

writing off the debt fucks the people who lent real capital into the blackhole.

I mean, we're talking about "saving" the type of people who shouldn't be saved.  Profligate spenders and deadbeats.  So what then, so we can have those same people lever up all over again due to moral hazard?

We ALREADY SEE THAT.  the people with poor FICOs who happen to be the right skin color continue to get "lent" money.  JFC, has 30 years of welfare not proven what happens when you just give handouts to people?  I mean, look at Africa- why should they bother trying to feed themselves or their children when whitey will just give them a famine jubilee every single fucking time?  And, their population has doubled in the last 30 years.

Jubilee has to come with a symmetric cost, not a get out of jail free pass for the imprudent.  And yes that means spay and neuter bankers as well...everyone in the loop.

Nov 27, 2011 4:08 PM

you're effing crazy.

You think this interest on your money comes from magic.  The economy has to pay it.  GROWTH has to pay it.  There is no growth.

Fucking rewarded with high interest rates?  News flash, genius, you can get that RIGHT NOW on greek bonds.  Go buy some and enjoy your magic coupon

Nov 27, 2011 4:10 PM

JFC, you act like this PAPER shit that they can just ignore is inhibiting REAL economic activity?

You people are going to have to figure out what IS causing the lack of growth.  Banks can lend what they don't have whether they are insolvent or not.

There is NOBODY TO LEND TO.  The economy ITSELF is demonstrating CONTRACTION.  The reasons for this have been explained many times by me and others.  Learn them.

Nov 27, 2011 4:13 PM

DUH of course they are!

Because that CANNOT BE FIXED.  So they fart and kvetch and pontificate endlessly about paper edifices and imaginary bullshit like credit and debt and leverage.  NONE of it matters an IOTA.

They are ALREADY ignoring de jure insolvency, lack of reserves, breaking every fucking rule in the accounting book, all of which were nonsensical and arbitrary to BEGIN WITH.  Why is it sacrosanct that a bank need to have 10% reserves instead of 1% or 50%??  It's all pulled out of the ass.  Banks now have zero or even negative reserves...the US is $15T in debt.  There's not a person on the planet who believes any of it can be repaid in what we think of as a dollar today.  Nobody.

But yet, somehow if we go imaginary squared or untie this artificial gordian knot, the "growth" and happy times will come back.  one of the things I have consistently said for years was that Peak Oil was going to show us all how utterly silly and stupid economics and finance are.  They are utterly impotent in the face of this.  Try lending at 0% to stop a hurricane.

Nov 27, 2011 4:17 PM

JFC, what an idiotic idea.

GENIUS, WHERE IS THE MONEY GOING TO COME FROM TO PAY THESE LOANS PLUS INTEREST BACK?

You don't GRASP how creditmoney works, please shut up.

And fuck low income people.

Nov 27, 2011 4:20 PM

I didn't offer loans, I took blowjobs from the pretty girls and I took the pieces' daughters into my off-board stable

Nov 27, 2011 4:21 PM

what, does "physical" still cost you 1900 FRNs or something?

STFU with this nonsense

Nov 27, 2011 4:26 PM

The influenza was the last great pandemic...it will be the next.

These scientists will kill all of us it seems.  This virus makes anthrax look so benign you might snort it like cocaine

Nov 27, 2011 4:27 PM

if you were a CB in this world, what would YOU be doing?

Nov 27, 2011 4:29 PM

yeah, let's kill our way to solvency.

Our credit is good at the Bamboo Lounge because we are a fucking mobster who will kill the proprietor?  How long can a Mafia State really last before someone crazy offs it?

Oh, shit, 911 couldn't have been...it was just crazy muslims who hate our "freedoms," maybe they meant our freedom to bomb them and kill their children.

Nov 27, 2011 4:33 PM

huh?  Summers was correct.

In fact I defended him and have explained to the cretins around here many times how what he is saying is true.

We live in a system of exponential growth and ONLY MORE GROWTH can "solve" the problem.

Look, man, you people with your idiotic notions of "raycism" and equity and all of this aren't going to like what "sustainable" means.

Are you REALLY going to work so africans can wolf down half of what you yield or are you finally gonna let them die?

Nov 28, 2010 1:07 AM

I could honestly not imagine giving enough of a shit about a consumer product to endure that type of shopping experience.  If I can't get it shipped to me or walk in and buy it, fuck the damned thing.

Nov 28, 2010 1:10 AM

how the fuck could anyone have a use for that many TVs?  Yeah, I got a relatively top of the line plasma in 2005, and that's my ONE television.  If I pop for a Kuro or something, this thing is getting sold; not trying to have the 1000 channels of nothing all over the house.  My kids tell me most of their classmates have a tv in their rooms and stuff, talk about brain rot.  I have the FIOS and I watch about 5 of the channels, seriously.  There ain't shit on except jersey shore garbage

Nov 28, 2010 1:12 AM

OLED is absolutely THE shit.  I have an OLED in the Samsung smartphone and it is balls

Nov 28, 2010 10:38 PM

YES...let them have the fucking ASSETS that collateralize the loans.

As for sovereign debt, the TRUTH is that this is a pimp/pusher dipole where the government like a bunch of fat shit turkeys lines up for as much gorging as it can get from bankers who operate as parasites in symbiosis therewith.

And the government's debt is collateralized by the people.  The situation NEVER should have been permitted by the CBs and banksters to get this far, but it always seems to.

It's Argentina EVERYWHERE.  Same fucking political class, same fuckin bankster class, same revolving doors, same bribery.  I mean, shit, we have a nonstop turnstiles between Treasury and Wall Street executivery in this country.  Do you ACTUALLY think that the execs from the banks AREN'T pimping out the government once they get a chance to infect it with debt like a virus?

Nov 28, 2010 10:43 PM

look, man, you haven't got a fuckin clue how this works.

You think REAL money was actually lent by "savers"?  LOL.  The capital was CONJURED by the senior, more powerful banks.  There won't be any "savers" punished by the default on bullshit counterfeit capital.

The TRUTH is that there IS NO SAVINGS.  We're a LOT POORER than we think we are, because we are counting on all this debt, a reflection of future growth, as an ASSET, as WEALTH, when in reality it is SEVERELY impaired.

The FUTURE is SEVERELY IMPAIRED by the EROI and production trends in oil.

We don't have anywhere near as much real savings as we pretend to because we count other people's debts as savings.  We count mountains of paper claims held together by no more than contracts and the willingness of judges to not roboadjudicate us as our "wealth."

Nov 28, 2010 11:56 PM

Russia/USSR is an interesting study.

First collapse in 91 after their oil peak in 89 and then another followon default in 98 after the whole usury clan oligarchy infection.  Up comes Putin, boots the mfers out, and imposes a strong dose of nationalism, not internationalism, onto the nation and they come back a bit.  Even succeeded in invading Georgia.

Nov 28, 2010 2:33 AM

you don't understand how the studios work, then.

You either have the big titles that people want to see, or they don't use your service.

Nov 28, 2010 9:02 PM

gold, sliding...wants to confirm the H&S?

Nov 28, 2010 9:20 PM

wow...this is just...moronic.

The ponzi let Ireland get far more into debt than it should have.  Under an asset-backed standard, Ireland's currency would have collapsed already.  Fiat unbackedes permit hiding the sausage via debt for far longer than would be allowed with production-backed currency.

This notion that "printing money" allows a soft default and that this is a good thing is bullshit.

Nov 28, 2010 9:23 PM

This is one of the stupidest posts ever...deflation is "way" more dangerous than inflation.

Both are artificial conditions.  Nations shouldn't be "inflating" their ways out of debt.

Nov 28, 2011 1:42 PM

um...some of the comments suggested correctly that provisions of the bill specifically exclude US Citizens.

Still, vote this bullshit down and eliminate all the Senators

Nov 28, 2011 1:48 PM

this bill will not survive Constitutional challenge, but good luck if you're the one who has to make the suit.

The breathless GOP lemmings out there are clamoring for this crap; they don't seem to get yet that THEY are the target.  There are no fucking terrorists.  There hasn't been a credible attack in a decade and even if there were, none would be stopped by this bill or anything that's come since 911.

Each President has made it a priority to enhance State power.  They don't give much of a fuck about real criminals or real crime anymore.  It is all drug war and terrorism.  If we do not collectively reject this shit and get a new government in soon, they will completely foreclose any ability to do so via "the system."  It is already prohibitively difficult to do so even with a tidal wave of voter support.

Cops spend all their time looking for assets to "forfeit" into their own pockets and they don't give a shit if you're beaten and robbed or even killed.  And especially if you're white and a black does it...just STFU and go away.  But if you have some pot in a car they can seize or you give them a chance to blast your door down in SWATzi gear over a few hundred worth of some controlled substance, look the fuck out.

And notice how the talk is this idiotic battlefield rhetoric from all the talking heads...when is the last time ANYONE heard of a warrant being served into gunfire?  Nobody is resisting.  There are no fucking super armed drug gangs hiding out in places shooting it out with the police and there haven't been for decades.  That's all just TV shit.  Crime is down yet our police are looking like it's a war out there- there's no war other than the one they brought with them.

Our freedoms are under attack?  Not by terrorists...by our own government!  NOTHING Al Qaida did affects my freedom an iota!

Nov 28, 2011 1:54 PM

Bingo.  NO WAY OUT.

What we think of as money is an really unpayable loan.  Our counterparty is the future.

Nov 28, 2011 1:58 PM

DUDE THAT IS WHAT IT IS!

Money represents a CLAIM on the FUTURE, ok?  It is a ticket for real goods.  This is the origin of debtmoney, a way to take a vig, centralize currency, and eliminate Real Bills.

Real Bills has a problem for bankers in that sometimes they defaulted.  So debtmoney is a nebulous, generic claim on the future, lasting longer than 90 days.  An infinite time horizon, so to speak.

The future is the counterparty.  Not me or you or our kids, but everyone and everything in the future.  The compound interest component both makes bankers money WITHOUT risk (or so they thought) and requires growth.  The only risk to this system was deemed impossible by economists, a lack of growth.  They apparently seem to have assumed growth could last forever.

The future, our counterparty, is contraction.  The future cannot pay today's claims; everyone is achieving collective Point of Recognition on this now.  So the entire institution of debtmoney is in question.  We will be going back to real bills, like it or not.  The future will reemphasize things in reality, accurate risk assessment, the ZERO VALUE of things requiring "generic" growth in the aggregate, and the importance of things actually in existence NOW versus promises of them in the future.  AKA, systemic backwardation.

Nov 28, 2011 10:17 AM

that's why the west will strike now.  There won't be a port by next year.

The Kuznetzov would get sunk quickly in a contest between CBGs.  Its construction means that the Su33s that fly off its decks cannot carry heavy strike packages.

Nobody is going to nuke anyone

Nov 28, 2011 12:39 PM

inflation?

Nov 28, 2011 12:39 PM

the good news is that you will be able to toast the apocalypse with something decent

Nov 28, 2011 12:41 PM

GE Mark 1 strikes again!!!!!!!111

Nov 28, 2011 12:42 PM

you can eat gold, shit it out and still have it...sounds like win/win

Nov 28, 2011 2:01 PM

there are more grasshoppers than ants.

You're asking for intelligence when for 6000 years one clan has understood compound interest and so few outside got it that Bartlett felt compelled to call it humanity's greatest failing?

People lack the intelligence to behave other than deer on an island.  Look around you.

Nov 28, 2011 2:06 PM

wtf future is out there that you think can pay you this magic interest you think you're entitled to?

EVERYTHING you believe is wrong...all that you know is at an end.

Nov 28, 2011 2:30 PM

this is the most idiotic thing ever written.

as if a loan repaid by currency worth half as much is really a repayment

Nov 28, 2011 2:33 PM

you guys are focusing on the trees without seeing the forest.

The future is our counterparty and it holds CONTRACTION, not growth.  Every forward expectation in the aggregate is imperiled.

Reality is backwardated

Nov 28, 2011 2:37 PM

none of this matters.

in a system requiring growth, when contraction is the forward reality, the SYSTEM cannot be repaid.  It really doesn't matter what the US debt is or anybody's debt.  The planet has entered an apparently permanent aggregate contraction phase.  Debt as an INSTITUTION is the problem.

Easy thought experiment...lend against the crops of a person when the river is rising and will flood more of his land each year.  His ability to repay is obviously imperiled...you would not lend, nobody would.  You can't lend against an expectation of MORE from him next year; his fundamental ability to produce is going down, not up.  Ok, so it's not water, maybe it's a lava floe, who cares?  The point is that his production base is contracting.

Aggregate net energy supply trends are forcing a future of LESS, not more, so nobody would, could or SHOULD lend.

The future is our counterparty.  Reality is backwardating

Nov 28, 2011 2:39 PM

the EU will print; they have no choice.  EVERYBODY will print.

There is no other way to balance the math because net borrowing, credit creation, is negative.  The system is trying to deflate.  Deflation is fatal, almost immediately so, as a function of basic math.

The system CANNOT RUN IN REVERSE.  There is no thought, process, anything, for contraction.  This system was born in an era of growth that went unabated for 400 years.

Nov 28, 2011 2:52 PM

I would contest your assertion.  I don't suffer from the Downing Effect; I both know my own intelligence and can, unlike other smart people, accurately assess how stupid the people around me generally are.

People CANNOT GRASP exponential functions.  I can, maybe you can...it's easy for me.  But then I was national merit scholar yadda yadda...I'm not in the fat part of the IQ bell curve.

Normal people - this is a psychological fact, empirically proven - use a linear extrapolation when faced with a growth curve.  Maybe 1 in 100 can answer when is the bottle half full in a simple doubling problem.  My dad is a smart man and said 6 o'clock.  My accountant who DOES MATH for a living said 6 o'clock.  I have met nobody other than my eldest son who got 1 minute to midnight correct.  And even he off the cuff said 6, then thought and said wait, no, it's 1159.  Hell, I have enough trouble getting people to understand the difference between reserves and rate of production, between work and power, that I have effectively given up and resorted to abusing them verbally.  There's simply NO POINT in attempting to teach my dog english or a chimp to fly an aircraft.

normal people think ok, the balance is 1000 now and 1100 next year, ergo, it'll be 1200, then 1300, then 1400.  They end up so far off from reality that it's asinine.  This is PRECISELY what the jews knew and understood and how their clan got rich and how it took a fucking RELIGIOUS prohibition from Jesus and the Church to stop people from both borrowing and lending into debt.  It's because ordinary people cannot make "informed consent" to use a legal term, to compound interest.  It has been fatal so many times and led to so much ruin over the millennia that two major religions banned it and frequently the people commonly known for it.

Nov 28, 2011 3:00 PM

it's been a 400 year run of growth, man.

Imagine Easter Island...mad scramble for the last trees, I gotsta gits mine before someone else comes up on it.  See Haiti.

Only a cohesive population can survive this, where people have self-restraint in the aggregate.  Gonna take generations to undo any kind of growth mentality and along the way there will be infinite scammers who "gonna pay fo mah gayus, gonna pay mah mortgage"

Nov 28, 2011 3:04 PM

You haven't proven anything.  Absolutely nothing you have typed constitutes proof nor even a demonstration beyond a preponderance.  Your "point" wasn't even responsive to my post at any rate.

It isn't a credible repayment, idiot.  You don't get the point, I understand that.  You're unaccustomed to thinking and want to remain obtuse.  Have at it.  As for mortgages, the interest rate exceeds the rate of inflation or else the shit is a LOSS, yes.  That is how banks will account for it, ROI above inflation.  Nobody who does this for a living is a simpleton like you are.

And go fuck yourself, mudshark punk.

Nov 28, 2011 3:06 PM

the animals that were more equal on the Farm maintained a multi-decade reign of terror

Nov 28, 2011 3:08 PM

ROTFL...does it fucking matter?!?!

You CAN'T PRINT OIL.  Fuck all this paper bullshit and the silliness of what is tantamount to FANTASY FOOTBALL or playing poker for fun.  If they print or they don't print, it won't make a difference really in the ultimate outcome, only its pace.

Nov 28, 2011 3:09 PM

the language you're speaking is 40% sourced from French

Nov 28, 2011 3:15 PM

you're out of your fucking mind then, man...sorry, but you're a fool and you talk like a fool.

There are FAR MORE grasshoppers than ants.  So what with your goods and services...LOL.  In a collapse, do you think any of that shit is gonna matter?  You will be eaten by the grasshoppers, overrun by the stray dogs that your neighbors fed and which reproduced for generations.  They are too stupid not to bite the hand that feeds.

Your best hope is to abandon what you hold dear and move somewhere like iceland, repudiate everything you think you value and do the opposite. 

Unless you are going to get on the whole "KKK" train with me and start pimping eugenics, there's no solution to the human element in this equation.

Nov 28, 2011 3:20 PM

bbbbut...bbbbut....the old west TV shows have strong black men in them who often manhandle white women.  You don't mean to imply that this is factually inaccurate do you, that black men with relatively light skin weren't cowboys?

I also wonder why there is a black person in every white group on TV but never a white person in every black group.

Nov 28, 2011 3:35 PM

that is because the moneygrubbers were violating that whole "don't lend at interest to your brother" commandment.  Jubilee and Leviticus is *not* interpreted by Rabbinical process to include Gentiles.  In fact, while usury to a fellow joo is prohibited by the Torah, it is an affirmative commandment to do so to gentiles.  Go read jewfaq if you're skeptical.

Nov 28, 2011 3:40 PM

some sheriffs' depts already have them, thanks to DHS grants

Nov 28, 2011 3:42 PM

review the longitudinal study they did on Section 8 and crime trends.  The two maps matched.

Fuck integration.

Nov 28, 2011 3:45 PM

the solution is that white people need to start forming cohesive blocs like every other racial group does.  Form some white student unions and get UFC champs with White Pride tattooed on their chests and start some Associations for the Advancement of White People.   You know, progressive shit like that which right-thinking liberals should cheerlead.

Nov 28, 2011 4:03 PM

WTFever you say you belly crawling white punk.

The problem here is not just your low intelligence, it's that your original reply to me was a non sequitur.

Where I come from, pieces of shit like you are beaten into the pulp that they are.  People who cry racism to try to invoke cloture on a debate they are losing are not just guilty of argumentum ad hominem, but are really just tragically pathetic.  The future holds slaughter for you, and I welcome it just like I hope your daughter shares your "openmindedness" and gives you a niglet grandkid with a deadbeat father.  I will be busy practicing eugenics like the jews do.

Nov 28, 2011 4:12 PM

ok, I add delusional to the list.

Can you shoot fire, dude?  I mean, seriously, man...your hubris is astonishing.  Look at the Japan quake and the consequent tsunami - you're facing that kind of tidal wave and you're talking about how many stupid fuckin guns you have?

it doesn't matter what you produce or where you are, you are not bulletproof or noncombustible.

When faced with opposition, a sufficiently determined adversary will merely BURN EVERYTHING YOU HAVE TO THE GROUND.

That's what I would do.  I'd make a crispy example of you and pick through the remains for salvage.  I am not the only one who has a concept of medieval tactics, either.

For the life of me I cannot comprehend why people who are as smart as you intentionally put a box on your brain and do and say such astonishingly stupid things as this.  You are far too intelligent to actually have cause to believe that you can outshoot what's coming if things "collapse."  If you need some kind of psychological crutch, try stuffed animals or a security blanket.

Nov 28, 2011 4:14 PM

eh...I'm not real hip on that whole kill 'em all thing.  We are supposed to be smarter than that.

Some of us are...we either leave it to nature or we do it.  So bitchez need to GTFO my way and let me start pullin levers

Nov 28, 2011 4:50 PM

Nothing says "birth of Jesus" and the XMas Spirit like trampling other human beings for consumer merchandise.  I mean, WWJD?  He'd fucking drive his monster truck in there with a flamethrower and squash/torch/mangle anyone who got in between him and a cheap chinese "plasma," right?  'Nuff said.

Nov 28, 2011 5:42 PM

so ur saying we've been ghettofied

Nov 28, 2011 5:49 PM

we'll make a hedonic adjustment to walking, presto, no inflation

Nov 28, 2011 5:52 PM

you're a piece of trash; I owe you no obligation to be classy

Nov 28, 2011 6:01 PM

mortgage rates can't "price in" what is incomprehensible to paper pushers.

The reality is that yeah, they're all losses.  The economy can't generate a positive ROI, so wtf does the coupon really matter?

Deflation is reality...its manifestations will not be reflected in increasing worthfulness of promises, however.  This is what I mean by reality is backwardated.

A claim on the future is worth less than then the same thing now.  A claim of interest or growth in a contractive future is worth zero.  This is what negative interest rates are telling you.   The economy is actually negatively profitable.

Read some other writing downthread where some other authors expand on this.

Nov 28, 2011 6:16 PM

they were unable to rule their own countries or come up with the wheel.  Hell, they didn't even have countries.  These boundaries are whitey's.

They outnumbered the whites in Rhodesia and RSA and were conquered.  Stable, prosperous societies arose. 

Only an artificial effort, a white tax if you will, keeps them above african standards here, and they destroy everything they come into contact with as surely as crime follows section 8 placement.

if/when the parasitic drag of the white tax becomes a matter of your kids eat or some mfin lazy black gibs me dat eats, you will see the dismantlement of the entire edifice of race tribute.  Now, the operators behind apparent black ascendancy in the USA and popular media, aka the SPLC and NAACP backers, may not like this, but what cannot self-fund will eventually go broke

Nov 29, 2010 10:13 PM

but...but, everyone tells me they "execute" fraudsters in China?!?!?

You mean China fuckin steals trillions of IP over the decades and we expect them NOT to steal investor capital?  LOL

China = FRAUD

Nov 29, 2010 12:02 AM

Agree...because Hitler was a madman, so ANYTHING he did, EVER, was insane and we should always do the opposite.  If Hitler is ever documented to have said 2+2=4, we must repudiate it.  Otherwise, a certain lobby will have a conniption.

Nov 29, 2010 12:23 PM

JFC, you start with an assessment of BNW, which is a fine piece of literature, a true classic, and then buttress it with an ad hominem screed against Huxley and his fuckin GRANDFATHER?

Nov 29, 2010 12:26 AM

I been calling this the Argentinification for many years now.

Just see Menem and De La Rua for all you need to know.  They signed all the deals to make the nation of Argentina owned, and in several cases got CAUGHT with the suitcase with the money in it.

Where have all the Andrew Jacksons gone?  You are a den of vipers and thieves.  I intend to rout you out, and by the grace of the Eternal God, I will rout you out.  It is to be regretted that the rich and powerful too often bend the acts of government to their own selfish purposes.

This guy was a true american patriot, like those before him.  The love of money is the root of all evil.

Nov 29, 2010 12:27 PM

Gawd, just STFU already.

And Quinn with his peak "cheap" oil.  Oil does not know how much it costs

Nov 29, 2010 12:29 PM

sigh...there is no relativistic implication in the chemical combustion of hydrocarbons.

Nov 29, 2010 12:30 PM

such a notion is stupid

Nov 29, 2010 12:31 PM

yeah, probably because the major energy agencies like IEA, have just admitted that oil already peaked. 

Nov 29, 2010 12:34 PM

Sigh...you guys need to understand Jevon's Paradox, ok?

The oil companies have NOTHING to gain OR lose by increased efficiency.  The oil will just end up being used elsewhere!

Doubling the efficiency of a car brings its operating cost within the reach of substantially more potential operators, many of whom would acquire one.

Nov 29, 2010 3:23 PM

Nobody saw that little nugget about the pensions in the rest of europe?  This assclown says right there that all the other nations are going to have to do the same thing.

ANY asset your State has in its possession will be handed over to the bankers IN EXCHANGE for their fictitious capital.  And the roads, bridges, power plants, everything.

Just like Argentina.  The bankers are earning a vig on the money in your pocket.

Nov 29, 2010 3:26 PM

that's not true!! that's....improbable!!

Nov 29, 2010 3:43 PM

so the government can just classify the facts in your speech and control the scope of the 1st Amendment?

Nov 29, 2010 3:45 PM

sheer incompetence?  You guys think degubmint, which hires staff based upon diversity criteria as primary is full of what, crackerjacks?

People SO refuse to believe that the gov is that incompetent that they are forced to invent massive conspiracy theories in order to explain things like 9/11.

Nov 29, 2010 3:48 PM

If the government isn't up to anything wrong or bad, why should they care if their private conversations are published?

Nov 29, 2010 3:50 PM

My anus can bail out earth becuz I SHITZ GOLD BRICKZ, BITCHEZ

Nov 29, 2011 1:05 AM

bring back the gold standard?  LOL...won't matter.  Won't fking matter a bit.

Can't print oil.  Gold can't make more oil come out either.  It's a futile discussion by futile people.  Ron Paul doesn't fucking "GET IT" or else he'd be saying what I'm saying.

He'd be saying look, you motherfuckin dumb bitches, if you don't want shit to STOP, the lights to fucking go out, it's time to start FACING REALITY and start planning for what kind of a society is feasible going forward with the resource supply rates we can expect.  No more cornucopian bullshit, no more rose colored glasses.  Fucking REALITY.

And in the context of that discussion, we will have to collectively decide as a society whether it is WORTH IT to us to have an artificial black middle class, to have intergenerational transfer payments, to have handicap spaces out the yinyang and to modify entire 100-year old subway systems to accommodate the occasional wheelchair, whether vast war machines are beneficial, whether the police state we've erected serves us at all, how much power we expect to use, if having every idiot kid "go to college" to waste 4 years studying drunkenness and promiscuity is good societal policy.

See, in some nations, particularly places like Iceland, they are able to have these adult conversations.  During the collapse, their PM spelled it out, blazing truth at them with both barrels.  The situation is DIRE, the PM said, but we will pull through; and they did and have.

But we steadfastly REFUSE here, as does much of Europe and the UK, to even begin to question whether the silly shit we believe holds any water whatsoever, whether the windmills we've tilted at for 30 or 40 or 70 fucking years are even REAL or not.  We could have been on Mars, we possibly could have had gasoline fuel cells, and a variety of other things...instead we got ALL the stuff I described above, plus vast suburban sprawl, granite countertopped McMansions, and effectively 20 or more years of entirely SUNK COSTS.

So yeah, RP rah rah, wtfever.  Until I hear him speak the Truth That Shall Not Be Spoken, I really can't get enthusiastic about him.  Reality has its own agenda, and Mother Nature always bats last.  She has vicious opposite field power and total plate coverage.  She makes Steroid Bonds look like your average Tball player.

Nov 29, 2011 1:08 AM

So Gold Rush season 3 needs to be in Siberia?

Nov 29, 2011 1:13 AM

QE came from the Fed, not Congress

Nov 29, 2011 1:18 AM

the states are the Fed's crackwhores.

Without federal bailouts they all crash.  And they lose all the cool drone helicopters, M16s, and night vision FLIR shit that the DHS is passing around so they can play Rambo looking for terrorists that are ostensibly lurking behind every fuckin tree.

Nov 29, 2011 1:22 AM

If Paul gets the nomination, out come the tribe attack dogs with his on-record, recorded video interviews where he said blacks commit crimes at a higher rate than whites.  These types of hate facts WILL NOT BE TOLERATED by the media.  Paul has made the mistake many times of telling the TRUTH about shit.  He said blacks have a higher propensity for crime, which is a freaking FACT.  It's not made up, it isn't rayciss, it's the effing truth.  We have 30+ years of data on this, no matter how much the media tries to bury it.

You see what that gets me here...stating a FACT makes you a racist, KKK, grand wizard.  It isn't blacks who are saying that either, it is belly crawling, self-hating whites.  The enemy is US.

Nov 29, 2011 1:29 AM

And what did Marlon Brando say on Larry King?  Brando was the LAST person who could be accused of being anythingphobe or antagonistic toward minorities or in any way racist.

Jews OWN and RUN hollywood and the media.  They WILL NOT PERMIT a message contrary to what those in control deem acceptable.  And what they deem acceptable is NOT what Paul has to say, and what's more, the truth is unacceptable to them.  Their cousins run the racial attack dog organizations, the NAACP, the SPLC, and the ADL.

Their cousins are also the purveyors of marxism and seem to want to destroy what was the dominant culture in the US.  Many people don't know, but the JDL entered a business relationship with Eazy E which created Ruthless Records and the entire gangster rap genre.  No business is apparently too sleazy to make a buck, nevermind the purveyors of porn and other degenerate filth.  The product of all these groups has been to elevate degeneracy and hold it up as virtue.  It has worked.  Look around you these days at kids and adults.

Nov 29, 2011 10:03 AM

AMR is bankrupt again??  Weren't they just flying high and in 1st place and shit a few years ago?

Nov 29, 2011 10:05 AM

I proudly wear my "certified patriot" barcode T-shirt through those groping lines.

PATRIOTS get fondled, terrorists choose not to fly.  What do you have to hide?  The only way to save our freedoms is to destroy them.

Nov 29, 2011 10:36 AM

I just have to laugh out loud at this shit.  Armchair psychoanalysis?  HAHAHAHAHAHA.

Your inclination is to "help"?  LOL.  You are dumb; I get that.  You see a stray dog and you feed it.  Then 2 stray dogs come.  Then 4.  And eventually, you are overrun.  Morons are like that.  Bleeding heart idiots.

The world is not social darwinism, neither are any of these strawmen you raised up to rampage through reflective of a point I made at any time.

Help jews?  They need help?  The richest ethnic group on the planet?  Needs a helping hand?  You are so unbelievably mindfucked as to defy belief.  You don't know what humane IS, you're just a chimp.

You actually think whites are 88% of the country, that there are TWO races?  Jeezus, get your head out of your ass.  And stop crawling on your belly, you stupid mudshark goy

Nov 29, 2011 10:51 AM

both you and the other guy - WHAT racism?

I have stated FACTS.  If you believe FACTS to be racism then you are both so PC mindfucked as to be incapable of making rational decisions.  If you cannot deal with FACTS then you have a problem.

You need to free your mind of this racism shit and your pavlovian responses to FACTS.  The powers that you rail against have conditioned you to accept certain things as axiomatic which are PROVABLY FALSE.

Part of the lilly unicorn worldview sold to you are the notions which you cling to about race.  They are simply untrue.  No amount of strenuous wishing will make the facts go away.  Until you let go of what you wish were true and accept what IS TRUE you simply cannot make productive comment or lend productive assistance to an effort to improve anything.

This is precisely why I say things nobody wants to hear...I speak the truth.  If the "free minds" at ZH cannot accept the truth, what the fuck hope is there?

Nov 29, 2011 11:02 AM

sure he did...I watched the video the last time he was running for office, where he said exactly the things I have attributed to him.

Why WOULDN'T HE SAY THEM?  THEY ARE THE TRUTH!

WTF is it with you people, really?  It is a FACT that blacks have a higher propensity to violent crime.  Got that yet?  No amount of hollyweird conditioning can change that it is a FACT.

You can scream racyiss till you're blue in the face and it WON'T CHANGE THE FACT.

Y'all need to get your heads out of your asses and wake the fuck up, ok?  What the fuck are you so scared of anyway, being called a racist by scummy, backstabbing white punks?

or is it that you've been taught by every message since you were a kid that to even think these things or accept the truth makes you somehow a pariah?  You need to look behind the screen and identify who is selling you this lie and why.

Look, if you don't QUESTION what you believe, QUESTION authority, if you have a "mental 3rd rail" on this topic, then you have a PROBLEM.

Nov 29, 2011 11:06 AM

LOL...you should review Farrakhan's writings about the slave trade.  Wasn't so "white" as you believe, bud.

And you should check out the Congo War.  On a per capita basis, white wars are less destructive than black ones.

Get off your belly and stand up like a man, bitch.

Plus, I'm not sure what relevance shit that happened 150 years ago, 50 years, 100 years....has to do with NOW or LAST YEAR, where blacks AGAIN committed roughly 54% of homicides, THE SAME AS THEY HAVE FOR 30 YEARS.

In fact, during Jim Crow, after Jim Crow, before/after Brown, before/after AA, before/after gangsta rap, before/after crack, before/after EVERYTHING, the percent of homicides attributable to this group has been PRETTY MUCH LEVEL.

Go look at the fucking data.  Not ONE of the things you throw up as an ill visited upon blacks is in ANY WAY material to the statement of FACT about their propensity to violent crime.

In fact, the way you throw up that chaff is tantamount to a CONCESSION on your part that what I have said is true!  You do not even dispute it. I LOVE how people do that, don't even argue the point and instead start throwing up things that are supposed to somehow EXPLAIN the fact and then they throw in a huge nonsequitur and fallacy at the end to sum it up.

Nov 29, 2011 11:38 PM

and the derivative of e^x is...

Martenson isn't saying anything others haven't said before

Nov 29, 2011 11:40 PM

you don't understand evolution if you think that's how it works.

Evolution doesn't care if you are smarter it only cares if your offspring have a differentially higher survival rate.  The decline of the oil age won't just kill off the stupid.

When deer on the island collapse, they don't produce super deer.  They live in disease and squalor

Nov 29, 2011 11:42 PM

no, they'll marvel that people like you nearly broke their arms patting themselves on the back for being so freethinking, when you really aren't.

This place is as much an echo chamber as anywhere else.

People around here will commit suicide to prove silly shit like "equality" or other things that NATURE decides.

Nov 29, 2011 11:44 PM

as one who always has, I partially concur with Al.  The greatest shortcoming of the human race is not this inability, though, it is the Downing Effect.  This phenomenon alone causes untold strife.

It is how people who can't grasp the exponential function place themselves and their judgment ahead of those who do.

Nov 29, 2011 11:46 PM

yeah, Tyler, STFU already.

You're harshing my fucking mellow.

So they are losing money on the product, they'll just make it up in volume or something

Nov 29, 2011 2:23 PM

All you can do is cry racist.  You are a filthy piece of trash, a belly crawler full of self-hate.  So go die.

Your position on every topic is wrong, and you are a belligerent fool. 

Don't flatter yourself by calling the stupid shit you write "an argument."  It's not.  It's tripe.  Same old "YOUR A RAYCISS!!!!!1" shit.

My statement yesterday wasn't about the US DEBT, you fucking idiot.  You haven't even figured out yet what I'm saying before you pop off with some stupid nonsequitur.

The black middle class is artificial.  It is propped up with overrepresentation in government largess that is unsustainable.  FACT.

If you want to DEBATE, idiot, try it...I fucking TRIPLE dare you.  You won't.  You'll cry RAYCISSSSS

Nov 29, 2011 2:30 PM

MY world is not social darwinism.  YOU claimed it was. You post NOTHING but strawmen and nonsensical psychoanalysis that ISN'T EVEN CORRECT.  I sit over here LAUGHING at you.  How do you even know what I said is true?  How do you even know what I MEANT?  You have absolutely no fucking clue about anything.

You comingled, jews, blacks, and all the downtrodden in ONE FUCKING SENTENCE.  Can you not keep track of the stupid shit you say from minute to minute?

My stray dog analogy is SPOT ON.  As is my estimation of you as chimp-like.

The rest of the idiotic shit you wrote isn't worth commenting on.

Nov 29, 2011 2:32 PM

How in the FUCK could you make such a statement?  YOU DON'T KNOW ME.

I have 2 black girlfriends for fuck's sake, wtf are you babbling about.  AT NO POINT have I EVER judged an individual as part of a collective; you made that shit up.

Free your mind and wake the fuck up.

Nov 29, 2011 2:51 PM

Bbbbut...they can just fund their own debt with euros they lend themselves

Nov 29, 2011 3:19 PM

everyone likes teenage girls

Nov 29, 2011 5:02 PM

wtf...everyone else gets a DK during algo flash crashes

Nov 29, 2011 5:07 PM

on Rasmussen, which is the only real polling place to listen to, his numbers seem to have bottomed out in the -20s for now.

However, his approval there is 39 as well; he's truly a miserable piece of shit President who is completely out of step even with what the public wants to hear.  Killing OBL has already bled right out of his approval and if the economy continues downward like this, he'll slow bleed into the mid 30s.  That's 2nd term Busch country

Nov 29, 2011 5:13 PM

you have exceeded even my estimate of your stupidity

Nov 29, 2011 5:15 PM

democracy is a failure.  It rewards those who have the highest birthrates, aka, behave most like yeast

Nov 29, 2011 5:16 PM

she may not find it easy to "get some" in her position, you know.  As bifags like Barry age, they seem to tend to want more dick and totally eschew the pussy not that hers is anything u'd wanna hit anyway

Nov 29, 2011 5:18 PM

he didn't write his book.  His campaign was not HIS idea.  He was supported BECAUSE he was black. 

Get off his dick

Nov 29, 2011 5:22 PM

wow...all those people JUST NOW figured out he was an empty suit all along?  Fuck, I said that in 07.  Try to keep up, America

Nov 29, 2011 5:26 PM

you do understand who runs the media, right?  They're cousins with the people who run the race hustling machine.

Nov 29, 2011 5:27 PM

with you guys' paucity of intellect and perspicacity of wit typically on par with a can of tuna, it's no pretense

Nov 29, 2011 5:29 PM

isn't she like 50?

Nov 3, 2010 1:07 PM

can "we"?

I don't think it appears that "we" can, no.

Is La Raza and the NAACP and ADL and AIPAC and all this gonna disband?

Nov 3, 2010 1:08 PM

I got no problem with them other than the hyperethnocentricity and rampant nepotism

Nov 3, 2010 1:09 PM

yeah LDS is too...

they're not far enough to the right on the IQ curve in most cases to be much concern however

Nov 3, 2010 1:18 PM

and you don't think the Schlecks dope????

they ALL do.  Every last one of them.  If you didn't, it would be impossible to compete at that level.  They've been doping since the 60s or 70s.

Nov 3, 2010 1:26 PM

you HONESTLY believe he can get 39 other Repugnicon Senators to go along with him????

Nov 3, 2010 11:08 AM

while I'm sympathetic to those who see "out of control" debt, this is a simple matter of mathematics.

The credit system MUST grow.  Very few understand what this means and how the mechanics of debtmoney work.

There's a thread over on TF where even Douchinger can't seem to "get it."  There is no mathematical way out of this compounding problem.  The USG will continue to borrow and the credit base will grow.

The debt ceiling will be raised or else there will be deflationary collapse in money supply.  The mechanics of debtmoney make that inevitable.  THIS IS WHAT Jefferson was talking about.

Nov 3, 2010 11:15 AM

he thinks that the banks swapping TARP with FDIC- or Treasury-guaranteed loans means they "paid it back."

Nov 3, 2010 11:25 AM

Rand may or may not want to whatever but there is no mathematical way to cut the debt ceiling.

Do you people GET or not that this debt is an exponential growth construct?  It will grow and it MUST grow.

The only way for the federal debt to not grow is robust private sector credit growth.  That is not happening.  So either the interest drag on the money supply begins to consume it in deflation or else the government grows credit itself.

I continually marvel at how surprised people are by something that, if you took it out of the realm of reality and just made it a thought problem, would or should be EASILY explicable and comprehensible.

We are facing a system that NEEDS to grow.  Debt=money, ok?  That is our system.

The only way off the roller coaster is to abolish debtmoney, declare jubilee, and renormalize to whatever real production will support in terms of trade.

In the meantime, stop ballyhooing about the deficit or debt when the money system makes these NECESSARY.

Perhaps I am assuming too much of the readership here, Downing Effect or something.  It's clear from seeing a similar thread on TF where someone appears to have cribbed my writing on this topic cannot get anyone on that forum to get it either.  Morons like Douchinger still think that some bankruptcies here and there will permit him to continue to profit from rentier vulturehood and "trading."

There is a SYSTEMIC FLAW, ok?

Nov 3, 2010 11:28 AM

Paul can filibuster all he fkin wants...if his own party supports cloture, it's over.

WTF, do you guys think a filibuster means the end of the bill?  All they need is 60 votes to cloture the debate.  Rand Paul is one man who will not receive his party's support on such a filibuster

Nov 3, 2010 11:32 AM

Then Olbermann, Matthews, and O'Donnell and the entire rest of the MSNBC crew are as STUPID as SHIT.

You need SIXTY VOTES to cloture a filibuster.  ONE MAN, without the support of at least 40 other Senators, CANNOT block a bill!

GFD, am I the ONLY ONE who wasn't high during civics class in highschool?  They fucking PAY these people to run their mouths on this channel?

Nov 3, 2010 11:44 AM

no.  Joos are so ethnocentric and nepotistic that if you behaved as they do as a white person, you'd be carted off to jail for hate crimes or something.

Nov 3, 2010 12:45 PM

they will just monetize it all...this extends the game the longest

Nov 3, 2010 12:51 PM

Ah thawt it wuz jus becuz thy height dem naggers

Nov 3, 2010 12:52 PM

To Douchinger:  Go screw yourself

Nov 3, 2010 12:55 PM

The only downside is Zyklon B

Nov 3, 2010 12:58 PM

For the love of money is the root of all evil...who do you suppose Paul was really talking to?

There is a clan out there that loves money so much they name themselves after it

Nov 3, 2010 2:21 PM

that's IT?  lol, kinda like when a chick gets out of a serious wonderbra

Nov 3, 2010 2:59 PM

Continuing QE Lite plus another $600B.  They are going to monetize the deficit, basically.  Total $900B for the 6 months; that is not so minor.

Nov 3, 2010 3:14 PM

rates will not blow to 10% so long as the dollar is reserve.

Rates can only go that high when/if the dollar collapses.

The economicalness of the US is not even close to 10%.  0-.25% is really all that our economic climate can support.  There's no demand for credit even at 0% these days.  Z1 is falling as a result

Nov 3, 2010 3:18 PM

uh...it takes many years to get that big.  And you don't inject in your thigh unless you are a serious user who has several injections to do.  HGH and IGF are the big growth drugs now.

As far as LT health consequences...just like with reefer madness or E pills, show me the bodies.

Nov 3, 2010 7:19 PM

gold production peaked, silver hasn't yet.

As long as they can pull 750M oz out of the earth and the amount YoY is growing, the historical imbalance will remain.

Nov 3, 2010 7:36 PM

i can bring potato chips

Nov 3, 2010 7:51 PM

who, Beck or Douchinger?

Nov 3, 2011 12:49 PM

the shareholders don't benefit from H1Bs.  Only management does.

Look at the stock prices...management is POCKETING all of the profits

Nov 3, 2011 2:52 PM

we'll see how long the "100s" of years of NG lasts us before the lights go the fuck out.

Nuclear was the technosalvation that PO-deniers always trotted out.  Now this shit is off the table indefinitely.  What Fukushima has shown us is that the Mark 1 BWR is a faulty design (we all should have known this already; it's from fucking the 50s) and that LT storage of waste has been PUNTED by politicans since NPPs came into existence.

These plants were supposed to have been decommissioned by now yet they remain waiting for that black swan to cause a radiological catastrophe precisely because people can't behave like adults and have adult conversations.  So they push these reactors to 40, 50 years lifespan to finally get a positive ROI out of them and because nobody will allow any new ones to replace them.

There have been better designs for at least 30 years.

Nov 3, 2011 2:54 PM

what will be, Mongolia?  Because Japan conquers china, not the opposite

Nov 30, 2010 11:07 AM

My FRNs are still edible, right????

Nov 30, 2010 11:57 PM

it's not an issue of whether people need entertainment, it's a matter of NFLX not controlling the infrastructure and these monopoly organizations like Verizon and Comcast owning the last mile of the internet.

The best part is how we all chipped in so the ISPs can have monopoly on the wires into our houses, now they get to profit from it.  Municipalities paid via debt and taxes to get these lines laid and now the providers can charge what they feel like.

NFLX has done well; this is a matter of Comcast saying, gee, that's a nice business you've got over there, be a shame if something happened to it.

Comcast wants all its customers to get jacked paying for their overpriced VOD.  Sony has a huge title collection on PSN, it's wack priced too.  Vz's VOD is overpriced as well.  But without the infrastructure, NFLX is subject to getting squeezed by both ends.

Nov 30, 2010 12:14 PM

gold is a commodity.

Nov 30, 2010 12:25 AM

Correction to the article, TD...it's not a "few" parasites, it's a fuckin swarm of them

Nov 30, 2010 12:40 AM

people who talk this way do not understand debt-based monetary mechanics in a climate of contraction

Nov 30, 2010 12:41 AM

they are going to be begging the Bernank, Jesus, and whatever god they believe in for the Fed to start printing again

Nov 30, 2010 3:52 PM

two words:  vladimir putin

Nov 30, 2010 4:01 PM

just blow it the fuck up already

Nov 30, 2010 4:28 PM

Swastika maybe?

Nov 30, 2010 6:55 PM

safe?  LOL

I have trader friends who I've been trading in collaboration with for a few years now who say that online sports gambling on NFL teams is safer than this shit.

the ONLY way it appears to make winning trades in this market is to B&H yield plays in energy and pipelines or to go long the absolute worst, most counterintuitive stocks that you could think of.

Nov 30, 2011 1:04 PM

everyone must dead sometime

Nov 30, 2011 1:05 PM

the EPA would shoot your house with a Hellfire in order to prevent the CO2 emissions from your stove.

Nov 30, 2011 1:07 AM

even the dipshit radio talk jocks were hyping it...the shit wouldn't have needed to have been hyped so much if it were true.  It woulda stood on its own.

But everyone had to pimp the fuck out of it and it was people who had no clue about any numbers.  Sort of a concerted effort to drum up confidence, probably came from senior mgmt to spin a nice mythic narrative.

People killed people in order to get their hands on something they couldn't have afforded...fuck Christmas.

Nov 30, 2011 1:11 AM

uh...dude, LED TVs are LCD just with regional LED backlighting.

The only true LED TVs are the OLEDs which are still insanely expensive.

Nov 30, 2011 1:14 AM

yes I threw that one out there as a test LOL

Nov 30, 2011 1:15 PM

banks can't fail...they will just borrow what they need, even from themselves.

If they don't have that kind of juice, just borrow it from their clients' sequestered accounts

Nov 30, 2011 1:17 AM

Watts and Katrina?  Those were black people.

Interestingly, Katrina was not the only flood that happened in the last bazillion years.  Tons of white areas flood every freakin year, jfc, the entire Mississippi watershed overran an assload of hectares of shit and there weren't any riots or looting or fuckin squalid rabble in a sports stadium raping women going to the bathroom.

Iceland unraveled and there wasn't a peep.  not a riot, no looting, nothing but civilized people behaving civilized. 

Nov 30, 2011 1:38 PM

like the moon easter egg on COD BO?

Nov 30, 2011 10:00 AM

Smith was laughably wrong.  Every other animal is limited in its ability to reproduce by natural factors...as are we.  We found liquid energy in the earth.  As the supply rate of it decreases, our equilibrium rate will go lower

dinosaurs wouldn't be extinct if nature found this equilibrium.  Predators don't eat enough humans either.

If you put deer on an island (JFC, just google this FFS), they don't achieve anything resembling equilibrium.  They reproduce out of control and consume all the resources.  YES, grass grows back.  But it doesn't replenish at the rate that the overpopulation of deer want to consume it.  Population crashes and rebounds but NEVER to a happy steady-state, precisely because the entire resource base was depleted before the crash.  The remaining deer live a squalid life of disease and malnutrition.  They get to eat at the rate the grass grows and the population stays at a point where there are no more or no less deer than can survive on a borderline starvation diet.

Think about that.  Think about resources in this context, how much can be shared to just eke out survival on the razor's edge of starvation.  That is the lesson of exponential collapse in the natural world.

Nov 30, 2011 10:23 AM

ROTFL, another mindfucked apologist.  Just wake the fuck up, dude.

Stop smearing your own race to try to bring them down to the level of others.

I suppose the police who were in the Wal Mart looting broke it open so 200 black people and 2 white people could have free T shirts and CDs, huh?  They were on the EDGE of survival, surely. 

The media DIDN'T focus on Katrina, moron...they did everything they could, like they always do, to COVER UP anything which doesn't portray blacks as spectacular or fluff up their collective egos.  In fact, they minimized everything, and did what everyone else does, blame someone white.

Katrina was an outbreak of Little Africa and is what happens when the strictures of white civilization are removed from blacks.  They revert to their own cultural norms as supported by their aggregate attributes.

Nov 30, 2011 10:28 AM

or the difference between a black "Flash Mob" and a white one.

The media relentlessly shoves in our faces ANYTHING which pumps blacks up and won't even show a PICTURE anymore if a criminal perpetrator is black.

People think COPS and First 48 are racist as a result.  Even though the producer of COPS says that, yes, we actually STILT our coverage to UNDERSHOW black crime.  They remove footage of black arrests so that it can be closer to 50/50, when in reality it is far different.

First 48 shows actual murders; there's nothing they can do with these.  We train military trauma surgeons in blacked out cities like Baltimore and Detroit.  This is an actual fact.

There are so many actual facts out there that will twist your brain back into the proper direction that you almost have to intentionally TRY not to notice them.

I know, I know, it means that much of the silly shit you grew up believing is really FALSE and was all LIES.  But, isn't this site supposedly about waking up, the fucking RED PILL?

Yet the people around here will shoot you for even suggesting that this particular thought Matrix might be unreal.  This Matrix isn't even a good one...you can simply avert your gaze from the television and use your own 2 lyin' eyes and notice this; it's hiding in PLAIN SIGHT.

Nov 30, 2011 10:30 AM

did you actually see the video of those black friday stampedes?  You might wanna check that out before making certain assumptions.

Culture?  Where does that come from?  Who makes that, the culture fairy?  Culture comes from PEOPLE, not the other way around.

Don't fucking call yourself RED PILL and be a defender of the Matrix.

Racial equality is a LIE and a MYTH.  EVERY SINGLE empirical measure demonstrates this.

Nov 30, 2011 10:33 AM

bankers aren't white.  You might want to review the disproportionate ethnicty of the banking industry.

And furthermore, STOP CRAWLING ON YOUR BELLY.  Be a fucking man and get up off the floor, bootlicker.

Rioting during the fucking Spanish Inquisition?  No, you did not just say that...you brought something up from FOUR HUNDRED FUCKING YEARS AGO as somehow relevant to NOW?

Iceland is frozen?  LOL...wow.   I can see your ignorance extends a lot further than was imagined. 

You prove nothing, Max, other than yourself a fool.

Nov 30, 2011 10:35 AM

LOL, and yet it correlates very strongly with a lot of things as a matter of FACT.

Is there one of you who knows any FACTS?

Nov 30, 2011 10:40 AM

Jeezus fucking christ you are stupid...just...wow.

Nov 30, 2011 10:43 AM

the smart will insofar as their ability extends to use intelligence to kill the strong.  Otherwise, I agree wholeheartedly.

Nov 30, 2011 10:51 AM

qualify those people...

people are not fungible.  There are different strains of us.

To forensic pathologists, race matters.  To epidemiologists, race matters,  When they are looking for people for a gd'd clinical drug trial, race matters.  When they measure various inherent attributes, race matters.  In all the scientific fields, race MATTERS.  It's a meaningful construct.  It shows up in empirical studies on almost everything. 

Yet here in the layman's world, it's just nothing?  Who am I to believe, a clinician or you?

Nov 30, 2011 10:59 AM

wow...you exceed even Max in stupidity sometimes.

Sterilization is NOT GENOCIDE.

In fact, all of the people calling for a collapse...should they NOT be on my side on this?  As in PLAN for a future of less, have the adult conversation?

No, because they know that any sane criteria will exclude PC protected people by "disparate impact" and that simply cannot be faced.  The REAL thought matrix around here for which NOBODY wants the Red Pill is a hell of lot stronger than this financial one.

WTFever will all of you people do when you can no longer credibly ignore reality?  Is it REALLY going to be that earthshaking for you to admit that asians and blacks don't have the same average IQ?  That asians are inherently more "civilized" and that the traffic cameras and redlight cameras AREN'T RACIST because they seem to catch black drivers at the same disproportionality as they get pulled over by human cops (lol@DWB) and blacks' share of overall crime?

It will make the discussion of what DO WE DO a lot easier if everyone will just accept the facts.  Instead, you will all march off to your own deaths, smart or dumb, rather than be accused of the ULTIMATE SIN.  Bein a RAYCISS

Nov 30, 2011 11:02 AM

huh?  Yes there will.

Don't say stupid stuff like this.  Mammals outbreed radiation.  Look at Chernobyl Dead Zone...one of the healthiest environments on the planet, clean, strong animals, robust wildlife, you name it.  'Cuz all the humans left for fear of radiation and cancer at 50.

In the future of this madmax collapse, people won't live long enough to get radiation-induced cancers.  Mutated babies will die early.

Nov 30, 2011 11:20 AM

funny because you just demonstrated it...

Nov 30, 2011 11:26 AM

Tyler is just a misanthrope.

This is how green shoots work, OK?  This is the NEW economy.  Get onboard with Robotool and MDB.

We just woke up yesterday and BOOM, there were all these trees out there.  They grew like bamboo except on growth hormone.

Nov 30, 2011 11:28 AM

the MSM continues to repeat, repeat, repeat.

I find it curious that so many of you can see through some of the lies, but refuse to question the rest of the message.  No, people say, they ONLY lie about this ONE thing or these FEW things.  The rest of the shit they say is true, right?

Nov 30, 2011 11:31 AM

people don't want to wake up.  They'd prefer to scream TERRORIST or RAYCIST or MALTHUSIAN or DOOMER.

Humans are funny that way.  It's really more accurate to say that EVERYTHING you've come to believe and accept as true is bullshit than it is to say that it's all true.  There are far more lies and myths than there are truths these days.  Perhaps this always was the case.

Nov 30, 2011 11:58 PM

with what electricity are those TVs gonna be powered?

Nov 30, 2011 12:54 PM

no; the BLS reported that they were all above the average

Nov 30, 2011 12:56 AM

'flation, bitchez

Nov 30, 2011 3:34 PM

But I'm sure that the REST of the MSM's message on a lot of "sacred truths" is totally 100% true, eh?

Nov 30, 2011 3:40 PM

WRONG!

The public schools system WORKS WELL for whites and asians!  Among industrial nations, if you exclude blacks and hispanics, we have the 3rd highest scores.  If you exclude blacks and hispanics, nearly ALL of our socioeconomic indicators rise to THE TOP of the world!

Why is it that you people CANNOT take the mental risk of rejecting the MSM's message on subjects such as this???  WTF is the matter with you?  You say that the schools system just indoctrinates kids with propaganda and race equality IS ONE OF THE things they drum HARDEST in the schools!

One would ASSUME that you people would make a prima facie conclusion that THIS TOO is probably also propaganda, yet you do exactly the OPPOSITE.  You not only defend but REINFORCE it; castigating anyone who dares question the fucking premise at all!

I cannot for the life of me understand how you idiots REJECT water from this "MSM" well as contaminated on so many topics, but in this one particular one, you CHUG THE BUCKET of it.

Nov 30, 2011 3:43 PM

But...you're all aboard on some things out of the MSM, right?

Shit like stormfront is "fringe"...so when it's RP, fringe = good, MSM = bad, but when it is race-related, fringe = bad, MSM = good?

Got it.

Nov 30, 2011 3:45 PM

2 things:  Rasmussen polls true

2nd, don't listen to ANYTHING out of the MSM.  Don't cherrypick the shit you LIKE from them and assume IT is true while the stuff you don't like is false.

Nov 30, 2011 3:47 PM

oh, but ClusterFox is giving him coverage too?

Again, don't believe SHIT from the MSM.  They are a very TIGHT circle of cousins who control the levers of media.

Nov 30, 2011 3:48 PM

fuck you mudshark.

Rush is a fatass plutocrat enabler, btw, and I think he ought to be eaten by an alligator.

Nov 30, 2011 5:34 PM

good luck with that China...I hope these idiots don't actually believe they can fight any kind of war with anyone

Nov 30, 2011 5:37 PM

India isn't joining Russia in any fool's errand.

Nov 30, 2011 5:40 PM

isn't China polluted ENOUGH ALREADY?

They will WANTONLY frack near groundwater and not give a fuck.  Is there a China cancer ETF?

Nov 30, 2011 5:41 PM

what?  Coal's EROI has been higher than oil's.

Nov 30, 2011 5:42 PM

didn't Germany shut down nuke plants and start ranching unicorns to replace them?

Who gives a fuck what these morons do?

Nov 30, 2011 5:44 PM

dude...stop it.

What solves the NG problem or is NG supply going to exponentially rise forever as well?

You might want to take a gander at NG well supply curves before talking such nonsense.  NG is FAR too valuable to be burning.  Nuclear should provide electricity and synthesize liquid fuels (yes, it's a battery)

Nov 30, 2011 6:02 PM

something like 4/5 of the freshwater in China is already unfit for human consumption.

Nov 30, 2011 6:05 PM

the MSM is *correct* on Peak oil?  WTF

Nov 30, 2011 6:14 PM

You can't get rid of them.

Imagine Bartlett's statement in a boardroom in a conference.  ONE guy understands the exponential.  He tries to convince the group that at time X, the expectations will be 32x present.  The rest of the room can't grasp it and they say, naw, it won't be higher than double now (because they did a linear extrapolation).  Smart guy uses maths on the board.  Rest of group doesn't get it and VOTES that their estimation is correct.  The decision comes out which is provably, mathematically, apodictically WRONG.

This is the Downing Effect; it happens ALL THE TIME.  I have nothing but issues at work with these people because I am expected to SELL or use political means to make the right outcome happen.  The truth simply doesn't cut it.

I would wager that most of the Congressclowns have the "pure heart, empty head" that we discussed in law school.  They don't know, they can't grasp, so they hide in the safety of superior numbers or else wrongly believe that such a thing is simply beyond ANYONE's grasp (because they don't get it).

Advanced mathematics strikes most people as a con job.

Nov 30, 2011 6:20 PM

THEY DON'T HAVE THEM, YOU FUCKING IDIOT.

THAT IS PRECISELY HOW all-white nations like Norway are at the top every year.  They DO NOT HAVE blacks and hispanics as 25% of their population causing their violent crime rates to be more than quadruple what they would otherwise be nor dragging down their average scores and achievement levels in schools.

Blacks at EVERY INCOME GROUP trail whites in the same group in average SAT scores by 140 points.  Again, IN EVERY INCOME GROUP.  Rich black kids score as well as POOR white kids.  You can very easily look this shit up.

As far as crime goes, blacks commit homicide at 10x the rate of whites.  One group of 5% of the population commits more than half the crime.  Hispanics commit the lion's share of the remainder.  In an integrated city like NYC, well in excess of 90% of the homicides and shootings were by these TWO GROUPS.  The numbers of them committed by asians or whites was almost statistically NEGLIGIBLE.

I have no HATE, you fucking RETARD.  In fact, no sooner do I say what I say than YOU SHOW UP to not only DEFEND, but REINFORCE the MSM message of racial equality.

You can either trust the MSM on this or you can trust the DATA and your lyin' eyes.  I find it ODD that so many of you can't get through a paragraph without blasting the MSM for having a propaganda agenda and being nothing but prevaricators and yet, ON THIS ONE TOPIC, you not only say they speak the truth, but you go even further to excoriate ANYONE who questions it.

Nov 30, 2011 6:24 PM

but then people wouldn't believe in racial equality and we cannot have that.

Freedom would be the right or ability to admit the real, as opposed to the wished.

Nov 30, 2011 6:28 PM

HAHAHAHAHAHA...

Then why do POOR WHITE KIDS score as well as rich blacks on the SAT, idiot?  You are WRONG.  Demonstrably, provably WRONG.  You parrot the MSM's message on inequality.  One that is used to justify a MASSIVE welfare state.

You'll wake the fuck up when you figure out that crime causes poverty, not the converse.  To be more accurate it is the same inherent attributes which lead to both.

I honestly have no clue wtf is on Stormfront because I don't read that website; I only used it to kick up dust.

Melanin count...lol.  God knows why they have race-categorized drug trials then, huh?  THANK GOD you are here to set the biologists straight. 

Race is meaningless?  GIVE ME SOME DATA TO BACK UP YOUR ASSERTION.

All you have is an echo chamber and a NARRATIVE.  Give me some data.  Go find it for me.  Find me the breakdown of scholastic achievement across races and income gaps.

Better yet, DON'T; you won't like what you find.

Nov 30, 2011 6:32 PM

Fuck you too, then.

You fuckers back your shit up with some evidence.  Back it up.

Don't tell me we're all equal, prove it.

I can point you directly to EMPIRICAL STUDIES where blacks trail whites in every income group by around 140 on the SAT.  Blacks who earn 200k+ per year, their kids trail whites in the same income group by 140 points.  They score about as well as POOR whites.

Everything you believe is WRONG.

Let me ask you something, Ms....just exactly WHERE WAS IT and on WHAT BASIS did you come to CONCLUDE these things that you believe?  It sure as fuck didn't come from studying any data.

It came from the MSM's narrative on this topic.  And, like I said before, YOU GULP THE BUCKET while in your next breath claiming these mfers are nothing but LIARS on everything they say, nothing but poison water.

It is as I said the first time, you people exist in a state of cognitive dissonance.  You refuse the red pill; in fact you're like if Neo got a gun out and SHOT the mfer for even suggesting that his world wasn't real.

Nov 30, 2011 6:33 PM

uh...he's been dead-on balls calling every election, far as I have seen.

Nov 30, 2011 6:36 PM

but they tell the truth when it comes to race, don't they?

In fact, few outlets push race issues harder in one direction than NPR, lining up guest after speaker to attribute persistent inequality to racism and to say poverty causes it.

But, they're truthful in that, right...?

How can you people believe that they are liars but that this is the ONE THING in which they are really being truthful?

Nov 30, 2011 7:51 PM

if by that you mean I am fucking two black chicks, then yeah, "darkie stepped on my keds."

See, I have no hate.  I treat individuals as individuals.

I know that people like you are simply not intelligent enough to do this.  DO NOT WORRY, I am not going to genocide anyone.  I know that you would, and stupid people like you have brains that are incapable of holding more than TWO possible outcomes.

I can find a solution point in between murder them all and do nothing.

Nov 30, 2011 8:27 PM

bbbbut...bbbbbut...jewTV tells me that they would annihilate Israel just as soon as they managed to achieve fission!

Nov 30, 2011 8:28 PM

hmm...it means bad news bitchez

Nov 30, 2011 9:50 AM

why, are you antisemitic?

Nov 4, 2010 1:04 PM

dld

Nov 4, 2010 1:06 PM

yeah, river blindness and dying of malnutrition are much preferred

Nov 4, 2010 1:14 PM

OMG, NO...the Real might appreciate and kill Brazil's ability to be a China-like protectionist mercantile ponzi.  We CANNOT have that!

Nov 4, 2010 10:58 AM

wasn't a white minority by that point.  The Rhodesian natives were largely on reservations, called slums.  Didn't stop the diversity movement worldwide from trashing the country completely just to make sure it had majority rule.

If majority rule leads to this, of what use is the majority?

Nov 4, 2010 11:11 AM

asians will be treated fine.  They tend to be industrious, productive, polite, and education-oriented.

Blacks and hispanics tend to have 4-10x the violent crime rate of whites, are disproportionately represented in nonproductive activities, crime, and whatnot.  There's nothing racist about a disparity in treatment when facing a population that is different.

The indigenous populations in these countries are stupid.  The land had NO VALUE to them other than a place to stand on.  The Rhodesian natives were utterly OBLIVIOUS to the productive capacity of the land.  Then, when immigrants came and demonstrated productivity, the natives grew jealous and sought to steal the magic land from the immigrants.  Only it wasn't just the land that had the value, as that land under native stewardship has AGAIN reverted to having no value beyond someplace to stand.

The indigenous populations' idea of how to "gain wealth," even when given a turnkey farm, is to sell all the metal and equipment, tear the pipes out of the houses, and go to the scrap yard.  The fruit now rots on the trees and the ground.

Mankind will never make progress if slothful and stupid indigenous populations are allowed to squat and filibuster by claiming "ownership" to land that they, upon being physically divested of, claim nobody CAN own anyhow!

Nov 4, 2010 11:22 PM

B9...look around the world at the rousing success that austerity attempts have met with.  Iceland:  said fuck you.  Ireland...finance ministry surrounded.  France:  riots.  Greece:  riots.

Do you *really* believe that the idiot sheeple understand what "austerity" means in their lives?  The TP people with their keep your gov't hands off my medicare?

If austerity is delivered, the GOP will be voted out on their heads in the next election.  It ain't happening.

The bankers make money by getting bonuses, man.  They don't really care about lending to people...that is what nobody seems to deeply GET.  This is NOT George Bailey banking.  They have an entire synthetic economy for themselves upon which they can conjure profits.  They only needed the little people in the housing bubble to close the last mile of a gigantic loop.

The Fed was going to print with or without a GOP landslide.  And still not 1 in 1000 understands what QE is or why.

There is NO WAY out of the math on this...printing is INEVITABLE.  I had this argument to the point of banning by Douchinger and his entire stinking kissass forum in 2008.

The people do not want austerity, they want the good times back and if they don't come back they want at least the banksters to NOT be living larger than ever.  That's it.  A simple redistribution to the upper middle and lower upper classes will suffice to placate enough voters to carry this.  The lower class is bought off with food stamps and free bennies.

The GOP is *not*, repeat NOT going to pick a fight with the bankster class or the Fed.  They sure as shit did not in 2008 and they won't now.

Nov 4, 2010 11:29 AM

this is fucking stupid...attacks by the West??

The West BUILT everything worth noting in that shithole.  The natives reverted it to its nearly original state in less than one generation, as the natives are attempting to do with the only other prosperous subsaharan nation to the south.

Nov 4, 2010 11:33 PM

I have and I come to one conclusion:

the Fed will PRINT INTO any significant dollar strength.

Why can you people not understand that deflation DESTROYS ALL THE BANKS and the Federal Reserve AND the USG all in one swoop?  Do you HONESTLY believe in this outcome?

WTF, has ZH been infected by idiots from TF?  We already had this argument in 2008; I was right.  TARP was unpopular, QE was unpopular, the deficits are unpopular...so fucking what?

At what point does the popularity have to do with anything?  The stinking Republicrat OneParty is in power STILL.  The Fed will act to CRUSH any real dollar strength as they have for 3 years now

Nov 4, 2010 11:45 PM

Heroin is a laydown drug that smooths you out.

This is more like freebase coke or an amphetamine

Nov 4, 2010 11:50 PM

great article and evidence of my maxim that credit MUST grow.

This is a one-way system. 

Nov 4, 2010 11:57 PM

Friedman failed to understand the nature of our money.  Consequently, he was an idiot.  His foundational equations are a joke.  Really, who cares what Friedman fucking said?  Why are we so focused on what a bunch of douchebag pseudoscientist economists say or think?

Let's try asking the PHYSICISTS and MATHEMATICIANS and ENGINEERS...the REAL scientists.

I don't have a shred of economics training in my background, but I do have engineering.  Consequently, it's easy to analyze our system analytically without regard to any particular orthodoxy.

A. Bartlett basically shits all over all of what the economists say with his famous geometric growth lecture.  That is the power of real science. 

Nov 4, 2010 12:57 PM

partial to Salvador, myself

Nov 4, 2010 2:58 PM

some of us saw it coming in 2007.

The risk-on trade is what the Fed wants.  They control the pricing of the SP500.

Like I continue to say, there is NO WAY to balance the math of this system other than printing/QE.  That's IT.

If I read one more freakin person bleating about how "wrong" this is when, once you accept the SYSTEMIC nature of this flaw it all becomes very obvious and logical, I may have to puke.

The Fed is doing the ONLY THING within this system which will work to solve the MONETARY nature of the problem, which is systemic.

The matter of real economics, your jobs, the real cost of energy, is OUTSIDE the control of the Fed.  NOTHING they can do can print oil.  The effects of Peak Oil WILL OCCUR irrespective of whether we are on a GOLD standard.  There is NO FIX for this.

So everyone stop goddamned whining about how the Fed just won't "back off" and let shit fix itself.

Nov 4, 2010 3:06 PM

Why is china whining?  Why is Brazil whining?

Because they REQUIRE forex weakness...our QE means they will have to do one of two things, a) figure out how to import our inflation without too much strife, b) accept an inflection in their export growth ponzis.

They don't want to do that...they want the flipside of our debt growth which is their production and economic growth.  There ain't enough oil out in the future to pay off all these energy claims.

Nov 4, 2010 3:15 PM

Don't know much about Gresham's Law, do ya?

I hope someone here knows why the above is a stupid idea.

Nov 4, 2010 3:24 PM

who's whining the loudest?  The EXPORTERS, ALL OF WHOM REFUSE TO ACCEPT trade balance and the NATURAL strength of their own currencies!

Cry me a FUCKING RIVER.  At some point, you keep "lending" to a deadbeat, it's YOUR FAULT.

The forex and debt imbalances are the result of NOT ALLOWING natural currency forces to cure them.  Why?  OMFG because it would have meant loss of "face" or some stupid shit for the chinks, and a smack across the jaw of kraut export arrogance, or more favela riots demanding "equality" or wtfever is the cause de jour in Brasil in between corruption, carnaval, and the holidays they have every other week.

Oh, and the EU gets to keep pretending that THEY don't have a problem, even though Deutsche Bank is loaded to the fucking gills with toxic shit...it's all over the damned world, they have blood all over them.  China is a national bad loan.

The Swiss, the French, the Germans, the English, the Chinese, the Brasilians...ALL OF THEM are liars pretending they are innocent in this.  The Russians are perhaps the only innocent.  They went through their collapse, fought the ruble's way out of worthlessness by a temporary gold standard, and now are a resource producer with only minor warmongering.

Nov 4, 2010 3:27 PM

Here's to Pakistan dropping The Bomb.  Think of just the fuel savings on AF1

Nov 4, 2010 4:30 PM

what is this crap?  The election was a blowoff of sorts...people won't start to get more emotional until the GOP is shown to also be a complete failure

Nov 4, 2010 4:46 PM

The Noble I wear around my neck has got me thinkin....COACH BAG, BITCHEZ

Nov 4, 2010 4:48 PM

If the Fed wants to run this show longer they are going to have to force disgorgement of bank profits to a wider ownership class.  That means M&P w/ 401ks.  Yeah, I know the *average* american has no ownership and is on foodstamps; that is THEIR haul of the free money chopper drop.

The mere "upper middle and lower upper" classes, who have seen the biggest squeezes in all this need to be placated, because they will start electing TP people

Nov 4, 2010 4:50 PM

EW is a joke.  Prechter and all the deflationists were completely fucking wrong.

Gold has gone so high that Douchinger shut down the part of TF devoted to PMs.

Nov 4, 2010 4:55 PM

but you won't be one of them.

Once you make peace with the inexorability, you will begin to realize why my bedside manner is so abrasive and why I don't appear to care to "educate people."  Not everyone can be saved.  Even Noah tried.

What is coming cannot be stopped.  If you can get off the tracks, do so.  Do you hear that, Mr. Anderson?  It is the sound of inevitability.  It is the sound...of your death.

Nov 4, 2010 5:48 PM

too isolated for me...who wants to live alone like this?

Nov 4, 2010 6:13 PM

anyone with a pair of nuts must bow down to this Proenneke guy right now...building your own door latch with a lock out of trees you chopped down yourself is manly squared.  He could probably impregnate women just by looking at them.  And he makes that Dos Equis guy look like fuckin ricecakes

Nov 4, 2010 6:32 PM

they get a vig on every dollar in existence, my friend.  The apex parasite bankers, that is

Nov 4, 2011 1:02 PM

homelessness isn't driven by inability to afford a house.  It's driven by mental illness.

Idiots think that the solution to everything is to provide what is missing.  So, people are poor, provide money.  People are homeless, here is a house.  That is idiotic.  It addresses only the symptoms, not the cause.

Nov 4, 2011 1:05 PM

no, they are all out camping with generators to protest "capitalism"

Nov 4, 2011 11:17 PM

nah...it's indicative of cash shortages.  The economy doesn't really support the growth of credit so everyone, in realizing that there is a shortage of it, is demanding more of everything upfront because the "down the road" picture doesn't look like anyone will be able to pay.

the system is no longer "creditworthy."

Nov 4, 2011 11:25 PM

the comex does not supply industrial demand, you freakin idiot.  major consumers of silver negotiate directly with producers

Nov 4, 2011 12:37 PM

The American Revolution was violent.

Nov 4, 2011 12:52 PM

specious conclusion.  You didn't describe capitalism

Nov 4, 2011 12:56 PM

You forgot to include Did they attend the right Ivy League Universities

Nov 4, 2011 12:59 PM

really?  So voting in Ron Paul is going to return the USA to the status of world #1 oil producer with growing production every year?  WOW.

It's going to resurrect our iron mines, coal mines, and lots of other resources that were depleted?  AWSUMZ

Nov 4, 2011 2:07 PM

here's to hoping what the release means is that JPM was on the dialing side of those margin calls

Nov 5, 2010 1:32 PM

np, man...

you have bacteria in a bottle which is empty except for one bacteria at noon and the bottle is full at midnight.   The bacteria double in population every minute.  At what time is the bottle half full?

At every time other than that time, the bacteria do not face a headroom constraint.

Nov 5, 2010 10:47 PM

my subscription to Moonbat Times has expired, sorry...

amazing how I get junked for being skeptical that freakin hurricanes are manmade...lol

Nov 5, 2010 12:03 AM

there's no bank debt...if you replace that situation with interest-bearing money supply, the entire town is in default to the banker.

real bills doctrine writ large, this example is.  The introduction of artificial FRN bank credit is what fucks things up.  There never was any real debt.

Nov 5, 2010 12:31 AM

no volume, so what?

The Fed is buying the market.

We all sit around here and ask how can it be that the only vol is HFT and insiders are selling 2000-1 and there are unabated retail equity outflows yet price continues to rise?

When you have eliminated the impossible, whatever remains, however improbable, must be the truth.

Nov 5, 2010 2:35 PM

how is golden sabre ammo going to get you food?  You're going to strong arm rob people...that's the fucking strategy?  Lunatic.

Nov 5, 2010 6:29 PM

Chumpsky says all kindsa shit

Nov 5, 2010 6:35 PM

Oh, Bernanke didnt just print more fukkin oil Tyler?

Don't post bullshit class warfare crap.  Real energy costs will rise as a function of declining EROI and declining aggregate net supply.

Nov 5, 2010 6:38 PM

islamic principles of only muslims being in charge?

GTFO with that shit...the muslims have blood all over them in the usury business

Nov 5, 2010 6:47 PM

it's amazing that these HFT prop traders have 1.000 batting averages and shit.  I mean, I was told by that guy on the other thread that I didn't know shit about how HFT worked when I said that they were CHEATING.

The only way that these big houses could have zero loss QUARTERS is if they didn't trade at all.  The probability of trades always going favorable is infinitesimal.  As in indistinguishable from zero.

Nov 5, 2010 6:49 PM

No, it isn't.

ENOUGH around here with the Omnipotent Directors Fallacy

Nov 5, 2010 7:05 PM

Historically, apparently Joseph basically enslaved the Empire through this famine.  Read the biblical account.  He and the Pharoah knew of the coming famine, so they instituted a 20% tax.

When the people started starving and ran out of money, the Bible says they came to Joseph begging for food and so he gave it to them in exchange for their cattle and horses.  When they ran out of the grain (taxed out of their own hands by him), he traded them more of their own grain back in exchange for their lands and their bodies.

Joseph's family, i.e., the jews, were spared from this.  He ensured his tribe had abundance.  After the famine was over, Pharoah and Joseph and his tribe owned the ENTIRE realm of Egypt and every single person outside of the priesthood or jews was a SERF.  The best part of it was that they managed this by taxing the people and then selling their own grain back to them at insane markups.

This is inflation/deflation, the original banker racket.  It really does go back fucking 5000 years with this tribe.

Eventually, the jews, who were protected from the famine by their Patron, multiplied and became so rich and powerful and numerous that interethnic strife occurred and eventually the egyptian people rose up and threw off the economic oppression under a new tyrant.  The jews were then enslaved until the time of Moses.

You can read all about this shit in Genesis 47.  What should stand out are the parallels between ancient and modern history.  The oneline response from jewish historians is that it's all just "antisemitism" rearing its ugly head yet again.

Nov 5, 2010 7:11 PM

average jew has like half a mil in savings.  Average.

How?  They look out for each other.  Hiring, admissions, favors, participation in investments that other people wouldn't get.  Like a big extended family.

It's time anglo-saxons started behaving the same way.  Yes, that means RACISM.

Every other tribe is looking out for other members of their tribe.

Nov 5, 2010 7:53 PM

sure, price controls like that ALWAYS work out smashingly.

Nov 5, 2010 8:04 PM

sorry, i couldn't get through even half of that nonsensical polemic.

I will say to all whites, don't EVER call another white a racist.  Never.  Don't be an uncle tom, and don't turn on your own kind.  The rest of the ethnicities form blocs everywhere they go.  When 90% of black people vote for a black guy because he's black, we call it progress.  That is wrong. 

Tim Wise is a white-hater...it's actually very common for semites to pose as whites and celebrate the destruction of whites.  Semites do not subscribe to the Guess Who's Coming To Dinner methodology of finding their daughter a mate in their personal lives, but their money and advocacy groups (NAACP & SPLC) along with their studios sure as shit promulgate that notion to a wide audience.

If the brown people take over this country, it will just become like all the places those brown people are from.  Fuck whatever these people think "justice" is.  Genetic heredity is unjust.

Tim Wise celebrates the destruction of Rhodesia and the starvation of millions all in the name of equality.  You may hate someone like Louis Farakkhan, lord knows most white people have been conditioned to by that aforementioned race hustling advocacy machinery as well as the major media sources, but he has studied history and knows who the major exploiters of blacks were.

There is nothing whatsoever unjust about a Rhodesia model where the intelligent and industrious minority have all the wealth and the slothful and stupid majority do not.  In fact what could be MORE just than that?

I'm sure I'll get junked 50 times for this post, most probably because of the sheer cognitive dissonance I am going to provoke in readers by going STRAIGHT INTO THE FACE of the conventional orthodoxy on race and everything people cling to.

Nov 5, 2010 8:09 PM

Let me say it AGAIN, then, dipshit.

The AVERAGE jew has half a million in savings.

This is because the CLAN STICKS TOGETHER.

Now, you may wanna whistle past that fucking graveyard because you have a guilt complex conditioned into you by shit coming out of jewish-run race advocacy groups or jewish-run media conglomerates, but the FACT remains that the reason jews are so prosperous on average is because of good, old fashioned CLAN NEPOTISM.

Now, if you can REFRAIN from raising a strawman...I mean, the ENTIRETY of your post is just godawful, kneejerk, cognitively dissonant, non sequitur BULLSHIT.

At no point did I EVER even HINT at "getting rid" of fucking ANYONE.  You know what, man, your response is PAVLOVIAN.  Do you get that? 

Nov 5, 2010 8:16 PM

YES I DID MEAN TO SAY RACISM.

RACISM RACISM RACISM.

Ugly?  how is it ugly?  Oh, I know, because you have been BOMBARDED since your childhood with message after message that has CONDITIONED you to believe this.  ANY time you have an EMOTIONAL response to a word, you have been conditioned.  What would Mr. Spock say to the use of this word? 

Go really ask blacks what they think about black racism, or jews about their racism or japs about their xenophobic supremacist culture.  Their total LACK of conditioning about this word RACISM should STUN YOU.

Your reponse to it, that thing you feel in your gut when you see me say it is a CONDITIONED response; it is pavlovian.  You are experiencing cognitive dissonance, my friend.  You YOURSELF say you feel more comfortable around you OWN KIND, yet you recoil at the label I affix to it.

Read Orwell, read Huxley - what IS this called when someone has an emotional response to a word?  I'll tell you; it's called conditioning.  There is an entire field of study of emotionwordsmithing called NLP.  If you practice it, you can cause all kinds of emotions in your listeners just by what you do and what words you choose.  The more emotional a person is, the better it works.  Guys who chase poon study it to pick up hoez, speakers use it to meld audiences, salespeople use it, politicians and public speaker use it.

I know what those who read this are thinking...wait a minute, this guy seems so rational but my GUT is panicking as he is suggesting RACISM.  Use your logic and do not fall prey to the emotional wordsmithing.  Frank Luntz uses this shit to bend elections.  I see NLP techniques all the time on the tube; they work.  Recognize when you are being conditioned.  Be rational.

Every ethnic group everywhere does what you describe.  Except whites.  We are conditioned to emotionally respond with aversion, fear, and disgust to a white doing it while at the same time CELEBRATE when any other group does it.

Nov 5, 2010 8:21 PM

LOL...tinfoil hat much?

Nov 5, 2010 8:23 PM

this is fucking moonbat shit.

Why in the HELL would these Omnipotent Directors suddenly want to kill off the ponzi?  If they are all-powerful, why not just continue to let the GOOD TIMEZ ROLL forever?

Manmade hurricanes...LOL

Nov 5, 2010 8:26 PM

moonbat alert AGAIN.  Wow.

Why is it that you guys HAVE to believe that there is some kind of deterministic certainty to everything?

SOME of the leadership saw this crisis coming...those who produced the military's peak oil reports, for example.  But people in power are used to 20 years of having their asses kissed.  They live in bizarro realities.  They are irrational.  They are certainly not in fucking control.  They are out of touch and clueless, by and large.

Yet you guys see sinister, calculating malice in all this ineptitude...lol

Nov 5, 2010 8:42 PM

WTF, dude...I'm quoting from the goddamned BIBLE, written by a jew!

I described exactly what happened from the jews' text itself and you call me a BIGOT?

Let go of your conditioning, dude.  I know, it's hard to...anytime anyone details a set of facts that portray any nonwhite, especially a jew, in a bad light, your conditioning rears up and starts emotionalizing and the accusation of racism and whatever comes out of your mouth.

As an aside, I really honestly don't give a fuck if you put me on ignore or if anyone thinks I'm racist.  I don't care.  That epithet long ago lost any real meaning to me.  When I see people applaud that 90% black support of a black candidate BECAUSE he is black is progress, it is utterly SILLY to worry about anyone saying ANYTHING to me about racism.

I used to be like you, hell we back in high school used to nearly come to blows over being accused of being racist.  Then I went to NYC and I woke the fuck up after seeing things with my own eyes, the double standards, the nepotism, the clan mentality among every other group, the ostracism by ethnic minorities of other minorities who "broke ranks" and the rampant exclusionary mentality where color was always stronger than friendship.

There was no sarcasm whatsoever in my previous post.  I cited to you from Genesis 47.  Do you need a goddamned link?

Nov 5, 2010 8:48 PM

that's curious...I read the jewish number quoted in one of the major ethnicity/demographics intersection studies where they talked about black women having avg net worth of $5.

Nov 5, 2011 1:50 AM

every dollar owed relies on another borrower to borrow.  This is the problem in the face of aggregate contraction.

The issue we face as plebes is that the BANKS are the sole conduit of money into the economy.  So, when the economy grew, the banks prospered.  As the Bernank prints, the banks prosper.

This is the point of the deflationists, credit becomes artificially scarce not because of individual borrowers' inability to repay but the fact that there don't exist the MORE borrowers in the future who will have to borrow the interest owed.  It's a systemic problem.  It's that proverbial someone else, the lack of growth, that prevents the system from functioning.

So, everyone has to repay, everyone has to put everything up front, everything real and in existence now trades at a premium.  The system can't grow to pay today's interest, so nobody will lend even if the individual interest or venture lent to would be viable.  The system in a state of contraction makes the credit growth necessary for a compounding interest system untenable, therefore lending ceases.

Today's principal P becomes tomorrow's principal P + interest I.  The system necessarily requires someone to borrow (request the creation of money) more at every future point time T+1.  It always has to grow.  There always must be more credit created.  A loan today can't be created, exist, be viable, be repaid, without that.

Nov 5, 2011 1:54 AM

so, you're on record predicting a banking system collapse and loss of life savings on Monday?

I'll be here Monday to hold you to that.  And I'll file it with all the predictions of Comex implosion, Tokyo mass death or evacuation (even Fukushima City hasn't), and silver to "$60 within the next week" that have all failed miserably.

Nov 5, 2011 1:55 PM

another day, another mosely-claven prediction falls flat on its face

Nov 5, 2011 1:58 PM

prepared for WHAT, moron?  A future that ISN'T COMING?

You're NOT prepared; that is my fucking POINT.  I should have spelled it out more clearly so that even an idiot of your calibre might have had a shot at grasping it.

Nov 5, 2011 10:42 PM

I guess when I say "it will not be Madmax" you somehow infer that to mean that I am saying it will be madmax.  I guess I underestimated your stupidity.

Nov 5, 2011 10:46 PM

Idiot...demographics?  Do you think this shit MATTERS?

ALL AROUND YOU, you see a ponzi and you cannot seem to understand that human population IS ITSELF another ponzi?

The existence of growing numbers of humans against increasing SCARCITY of resources, even your mfing precious SILVER, IS ITSELF a demographics nightmare!

The population will shrink; either we choose how it happens or nature WILL.

Nov 5, 2011 10:48 PM

well maybe i do, huh?  I mean nobody questions how you manage to have people defending you or upping your green arrow count.  None of us are paranoid idiots like you, man.

I usually use proper punctuation but I have become admittedly sloppy with my capitalization because I stopped giving a fuck to press the shift key.  Can't speak for RNR and won't.

Nov 5, 2011 10:51 PM

that's downright mundane and unextraordinary compared to mosely-claven's predictions...try again but up the hyperbole by several orders of magnitude

Nov 5, 2011 10:53 PM

yes, yes, ZH should become a fucking echo chamber full of selection bias, shouldn't it?  That would please assholes like you, right?

If you don't LIKE THE ECHO, then leave, right?  Fuck that and fuck you.

Nov 5, 2011 11:13 PM

it's because he, like me, recognizes how much of an idiot you are

Nov 5, 2011 11:15 PM

it'll all be Busch's fault, so wtf is the difference?

I cannot wait for the debates and campaign where he goes on the Blame Busch tour in every speech.  If you drink when he says "inherited" you will be comatose in short order

Nov 5, 2011 12:09 AM

liquidity crunch will be stepped on by the CBs just as it has been, relentlessly, since Sep 08

Nov 5, 2011 12:18 PM

the system was creditworthy as long as the aggregate economy was growing

Nov 5, 2011 12:25 PM

why is this false dichotomy constantly trotted out?

Governments in the 20th century went hyper in abundance; big countries.  Rampant inflation was the rule, not the exception.  Places like brasil, italy, you name it.  They have the fiat because they have the guns.  The FRN is meaningless when you can issue FRN2.  You guys keep acting like the FRN is sacrosanct.  Brazil is on its 3rd currency in the past 20 years and I know people who grew up there during this.  They have old pictures on facebook.  Guess what, they are SMILING.  They are not stacking fucking ammunition and living like fucking zombie apocalypse in The Road.  They had ordinary lives and friends and did shit with themselves.

Nov 5, 2011 12:31 PM

In other words, you talk out of your ass, make bold proclamations, then when they don't materialize, you just claim you were "exaggerating" or "exasperated."

In reality, you are an "idiot."

Nov 5, 2011 12:43 PM

diversity is awesome.  It makes everything better

Nov 5, 2011 12:45 PM

in other words, you are trying to make a prediction without making one?  You are such a fucking joke

Nov 5, 2011 12:46 PM

keep making an ass out of yourself, cliff.

Nov 5, 2011 12:52 PM

And you DO?

I got news for you, shitbrains, he doesn't have any credibility and NEITHER DO YOU.

You merely parrot the orthodoxy of silverbugz around here and a bunch of lemmings back you up because they are as stupid and emotionally invested in their own beliefs as YOU ARE.  You are CLIFF CLAVEN, you just stand at a bar and talk shit and beg for attention.  You're not a big boy, you're a motherfuckin DUFFER, a dilettante, a chump.

EVERY SINGLE ONE of your predictions has FAILED.  Now, you are predicting IMMINENT hyperinflation. That does not mean NEXT YEAR.  Next fucking year is NOT IMMINENT. 

Your shameless pumping cost a lot of people a TON of money.  Some gullible people around here want to hear a particular story and you are so desperate for attention and to be respected that you feed them bullshit.  You are pathetic.

Nov 5, 2011 2:00 AM

It is NOT FOR ME to provide EVIDENCE as to YOUR statement that Comex provides industrial consumers with silver!

It is for YOU to support that statement.  Comex is a fucking exchange whose function is price discovery and primary CASH settlement of futures trades.

Do you REALLY believe that 736Moz last year of this metal were mined all over the globe then delivered physically through NYC and Comex's warehouses in order to go on sale to consumers (who would then have to ship that shit all over the planet) like Comex is some kind of big ass fucking Walmart?  Are you actually that stupid?

The SHORTS on comex are on the hook for the silver, NOT COMEX.  Comex is a fucking EXCHANGE, not a goddamned seller of Silver or any other commodity.  Comex cannot "default" for failure to deliver, the shorts would be in default if they cannot make delivery to a long. 

There have been commodities defaults before, asswipe, most recently in nickel on the LME.  The LME still exists, there was not a global catastrophe, apocalypse, or anything else.  The exchange worked out a CASH settlement between the parties.  That is what the fuck happens.

The ENTIRE Comex inventory is a fraction of ANNUAL silver production.

Nov 5, 2011 2:02 PM

keep weaseling, weasel.

Face it, your predictions have fallen flat on their faces.  You haven't been right ONCE.  The markets have moved the opposite of your predictions.  Everything has.  You are a classic "fade."

Pounding the table won't make your failures go away, cliff.

Nov 5, 2011 2:04 AM

yeah, one of those spook NFLers had somethin like 70k in a bag for that purpose and nobody gave him bullshit over it.  Pacman Jones maybe or some other malcontent thug wannabe

Nov 5, 2011 2:09 AM

you could wire it to a gold dealer and just do it electronically.

It isn't as if there is LESS scrutiny pulling that many FRNs.  You do not just "drop off" the radar screen when you pull 150k vis a vis wiring it somewhere.  In fact, you obviously pull a HELL of a lot more scrutiny doing the former than the latter.

Getting a cashier's check for that amount to take to a coin store wouldn't raise an eyebrow.  Pulling the same amount in FRNs does.

Nov 5, 2011 2:09 PM

LOL...you post a wiki link and expect it to do your arguing for you?

Did you even READ the article, or did you just expect it to magically say what you think it says?

You have no effing CLUE what an exchange's primary function is, and you suppose that the legacy activity of physical commodities, something that is an anachronism held over from the 1900s and before will somehow carry the day?  What a fucking retard.

Never on WHAT SCALE, you obtuse IDIOT?  There haven't BEEN any defaults on silver.  NONE.  You have been bleating for THREE YEARS about "imminent" Comex "default" and catastrophe, but reality has not blessed you with conforming itself to your absurdly stupid predictions.

This blather about banks and callable loans is just utterly irrelevant to your FAILURE to understand what Comex IS and DOES.

You are a FAILURE, Cliff, a miserable punk, and a fool.

Nov 5, 2011 2:12 PM

another WILDLY exaggerated prediction by cliff mosely-claven, which will invariably fall flat on its face

Nov 5, 2011 2:16 PM

JFC you are fucking stupid.

The cash pulled at the bank leaves a HUGE GLARING PAPER TRAIL, you stupid fucking MORON.

Then, when the Feds show up they can ask where the cash went.  If you pull significant cash, you ARE a terrorist and they can confiscate that cash RIGHT NOW.  There's a massive electronic and paper trail to requesting and withdrawing that much cash and you will be required to explain what happened to it.

Blew it on strippers and coke...just not going to cut it.  And you're too stupid to be able to make up a credible lie, anyhow.  If you want gold, buy fucking gold.  Don't try to STRUCTURE as that is ILLEGAL TOO.

The problem with people like you, cliff, is that you mistakenly believe yourself to be clever, when in reality you are a fuckin idiot.

Nov 5, 2011 3:12 PM

Cash is King!!!!!!!!!!!!!1111111

The soviet ruble was the reserve currency of the warsaw pact, too.  Big empire, was around as long as a lot of people could remember

Nov 5, 2011 3:16 PM

flaw in that.  Gold is a real thing.  Paper denominates real things.

The deflationists' mantra of "cash scarcity" pertains to credit due to the P+I/growth issue that I have gone over 50 times.

The problem is that the CBs entire PURPOSE, their raison de etre, is to prevent these types of crunches.  That is what they did in 08 and that is what they will do again.  They can try to balance the inherent collapse pressure of the system to prop up the currency's "value" in terms of avoiding liquidation for a LOT longer than people realize, while they print the coupon.

The issue becomes when the moneyness of credit instruments reaches a phase change.  This is when oil to gold ratios and GSRs and real production matter more than promises.  It's called backwardation.

Nov 5, 2011 3:17 PM

the FRN is *also* backed by the need of the world to service the 75% of world debt denominated in it

Nov 5, 2011 3:25 PM

you need to get some help

Nov 5, 2011 3:26 PM

nice false dichotomy

Nov 5, 2011 3:31 PM

LOL...I have multiple bitches, lots of friends, more money than you and a better life.  My dick is bigger too.

You are the one hoping to have an apocalypse so you can lord your silver over people.  That is your only chance to ever matter or garner any respect from people.  You can only hope to take advantage of the desperate.

Nov 5, 2011 3:32 PM

You said IMMINENT, you fucking RETARD.

You said economic collapse on MONDAY.

Every single prediction you EVER MAKE turns out to be bullshit.

What kind of drugs did your mom take to make you so retarded?

Nov 5, 2011 3:35 PM

99%?  Another Cliffstat, huh?

Got any evidence that 99% of people who followed your advice are up?  You were in here during the ENTIRE RUNUP pumping the shit out of silver, "$60 by next week" and then after the first drop, back to $49 "by Monday"

Most of the people who followed your advice lost huge sums of money, just like you did.

Make another failed prediction for us, ok?  It's entertaining watching you fall flat on your face.

Nov 5, 2011 5:01 PM

what do you mean, no one knows?  I thought you said Monday

Nov 5, 2011 5:05 PM

I'm getting the sense that mosely-claven's call for meltdown on Monday is not happening?

Gee, 600 fuckin posts of ZH echo chamber apocalypse calls and it turns out it was much ado about NOTHING?  No fuckin way.

Nov 5, 2011 5:07 PM

the vatican?  Gosh, read machiavelli, the Pope has been smacked around and marginalized for 400 years

Nov 5, 2011 5:10 PM

yeah, she's a nice piece

Nov 5, 2011 5:11 PM

Crash on monday is what I heard...heard it from the postal worker at the bar

Nov 5, 2011 5:13 PM

no, we need to keep your IMMINENT CRASH calls in plain sight for all to see along with those of the rest of the chicken littles

Nov 5, 2011 5:15 PM

yeah, it's funny how reality comes along and totally BITCHSLAPS your predictions every time, much to your suprise and everyone else's bemusement.

It's like you're SHOCKED to learn that you're an idiot and your predictions were total bullshit. 

Nov 5, 2011 5:18 PM

so basically what you're saying is you want mosely-claven to CONTINUE to make stupid predictions that reality invariably pimpslaps, and not to engage those of us who are reminding him what a fucking idiot he is?

because I can't believe you're stupid enough to think that idiot has anything truly cogent to say.  He is the biggest buffoon on here, only tolerated by lemmings who want to believe they're gonna get rich off silver

Nov 5, 2011 5:25 PM

uh, douchebag, they aren't predictions if they don't contain any kind of timeframe.  They're just bullshit.

You want credit for being a fucking sage and all you're saying is that the sun will burn out eventually.  So fucking what?

A prediction, if not ACTIONABLE, is just illusory nonsense.  Your lack of intelligence seems to prevent you from realizing this.  You are so totally small and craven, and desperate for attention.

Nov 5, 2011 5:40 PM

dude, you DID call for a collapse on Monday and said hyperinflation was IMMINENT.

Look, it'd really be better for you if you didn't blame everyone ELSE for taking issue with the stupid shit you say.  YOU can't seem to help yourself making brash, idiotic, and wild predictions only to try to retract them no sooner than they have come out of your dumbass mouth.

Nov 5, 2011 6:22 PM

shit dude, that sort of consideration has never stopped you from wild hyperbole and baseless conjecture in the past, has it?  Why let it now?

Go ahead and make more hysterical predictions of imminent doom.  It's quite entertaining actually.

$60 by next week.

$49 by the end of the week.

Evacuated or dead "two weeks tops."

Hyperinflation IMMINENT.

Collapse on Monday.

Keep them coming...this is just the abridged version of your greatest hits.

Nov 5, 2011 6:27 PM

I agree but not if you approach it from the perspective of someone who knows that to do such a thing en masse would cause liquidation of the entire debtmoney system in relatively short order.

The existing credit base cannot be repaid with future growth because that growth will not exist absent a quantum leap in energy inputs (IOW, another doubling), but in the meantime, what do you expect the bankers to do, accept reality?  Nobody likes reality.

Nov 5, 2011 6:30 PM

we went through the same thing on Fukushima...everyone was in a state of mass panic, including bob diabolina, and I was the lone voice saying please calm the fuck down.  OK, I wasn't the only one, the professional engineers who work in nuclear power plants were with me, but I digress.

It would behoove everyone to just not freak the fuck out over things all the time and for the agitators who pump silver to cut the STACK NOWWWWW crap and start making plans to be barons of the post-apocalypse wastelands.  This shit reminds me of the crap Douchinger does with his dickercon which is a complete (and reliable) fade.  ZH needs to not become a fade even if half the posting members ARE.

Nov 5, 2011 6:32 PM

lol...barely literate?  That's the singularly most absurd thing anyone has accused me of.  If you're going to insult, insult credibly, ok?

Nov 5, 2011 7:08 PM

I never said Fukushima would be all well, dude...in fact, this was pointed out to you many times by others and in fact YOU YOURSELF went back and admitted it!  Did you forget that? 

Your stuff on Fukushima was reasonable?  Which part, the part about the radioactive wasteland or that everyone in Tokyo would be "dead or evacuated within two weeks, tops"?

I think the other thread did a valuable service to the board in exposing you as a fool yet again.  It should go into the archives so future newbies don't get duped by you into losing tons of money buying silver at the top.

Nov 5, 2011 7:12 PM

grand wizard crap?  Like what, specifically?  Pointing out "hate facts"?  You're mindfucked man, and you need to open your eyes.

Nov 5, 2011 7:22 PM

ROTFL, so you basically engaged in retarded mental masturbation?

I will make a prediction:  you will continue to make retarded "prognostications" which will fall flat on their faces.

let's see if my prediction comes true before yours

Nov 5, 2011 7:22 PM

Comex collapse is a red herring

Nov 5, 2011 7:26 PM

so you have retroactively changed your prediction into just a bunch of hypothetical pinhead angel bullshit...got it.

Nov 5, 2011 7:36 PM

there's no saving your credibility now, cliff.

Everyone saw it.  It's over.  Just slink away instead of pathetically trying to pretend that you never said what everyone saw you say.  It's futile.

Nov 5, 2011 7:43 PM

I tried that and the people like cliff and the other lemmings jump all over me.  They spout all kinds of idiotic shit and so eventually things devolve.  That's just the way it is.

As far as waiting for shoes to drop, I really don't see that happening.  Sure, I expect global war at some point, but I think that the whole notion of what a collapse looks like is exaggerated by people here.  I've tried to point out examples of that, people I've known for years who grew up in brasil during 2 hyperinflations.  Life was not so bad.  Even in war-torn Beirut, life goes on.  It's not going Madmax and all of this BS.

I say it over and over again and people don't want to hear that.  They don't want to hear that silver stacking probably won't make them rich or that Comex isn't going to imminently default or that the world won't end because of Fukushima.  So what do you expect me to do?

The financial system is a house of freakin cards and it's a paper mindset.  It has no reality other than what we give it.

Nov 5, 2011 7:48 PM

Sure, they are for a variety of reasons.  And so are sovereigns.  I said during TARP that they were transferring private sector risks to sovereigns and when that ran out, there was no bigger sucker to push it to.  I was very clear in that estimation and I share your analysis of it.

They will beg Christ for the printer to rev and it will be revved.  If they do not print the coupon, there DOES NOT exist sufficient requests for additional credit/money to construct the next level of this pyramid, thus it will collapse.

I have in a lot of ways been FAR MORE apocalyptic than anyone when I have discussed the implications of Peak Oil, but perhaps this has been lost in my subtlety on the topic.  I said on TF, all that you know is at an end.  And that remains true.  Life will not be the same but it need not be madmax or the end of things.

Many nations have collapsed, even the mighty Soviets and again, I know, or knew until she caught me fucking another girl lol, at least one russian who was in that nation growing up during the bad times.  Did not hear stories of eating insects or running from zombies.

Nov 5, 2011 7:52 PM

Give me a statement by the KKK then and we can assess whether it is wrong or it is right.

I have never actually referenced or referred to the KKK at any point, so this type of demagoguery is really rather transparent.

Nov 5, 2011 7:53 PM

I'll take "right" for $200, Alex

Nov 5, 2011 7:56 PM

ad hominem is it now huh?  When cornered by the facts, you just try to pound the people hoping that everyone will focus on personality instead of the evidence.

You're a piece of shit

Nov 5, 2011 7:59 PM

Monday crash is out then?

Nov 5, 2011 8:50 PM

blacks do have lower IQs on average than other racial groups.  This is a testable and well-established fact.

blacks should be sterilized and so should many whites, hispanics, and asians.  Everyone below a certain threshold.

if blacks could conduct themselves in a civilized manner, integration is certainly up to whomever wants to have it.  As things stand, blacks commit violent crime at a rate 10x that of whites, and probably 50x that of east asians.  It is no surprise that nobody wants to live around them, not asians, not whites, not hispanics.  Nobody.

Sterilizing everyone with an IQ lower than mine would exclude all of the population and that is a nonstarter.  Sterilization in a world of growing scarcity is MANDATORY unless we want to see people die as a result of starvation.  Watch Bartlett's series again; he says the same fucking thing.  Either we choose or nature will choose for us.

Nov 5, 2011 8:52 PM

sorry, can't find any betters anywhere.  Been looking for a long time.

All I find are inferiors like you

Nov 5, 2011 9:56 PM

yeah and I am a psyop like Cogdis said too.  I'm under your bed right now

Nov 6, 2010 1:16 PM

did it...strong sense there that you are an outsider.  Pretty much everyone is like "what are you doing here?"

Israel is a charming little apartheid State.  I have no problem with that.  But, the national interest of the United States must not continue to be subordinated to the support of it.

You'll hear WASPs saying that they would send their children to die for Israel.  Screw that

Nov 6, 2010 1:17 PM

The ends do not justify the means

Nov 6, 2010 1:21 PM

America is ready to be out of the wars.

But no politician is going to tell the truth.  Perhaps they have visibility in Saudi production figures that we lack.

If you think this shit is bad, wait until the material production declines show up.

Nov 6, 2010 1:27 PM

hahahahaha...cloud seeding to manmade hurricanes.  What a HELL of a leap.  There is no moonbat conspiracy theory you guys won't swallow, is there?

Nov 6, 2010 1:37 PM

HAHAHAHAHAHHAHA

have another beer, moron, none of this shit is gonna work

Nov 6, 2010 1:41 PM

No shit he's not a jew, dumfuk!

As for the rest of it, there are few people I care less about than that talentless hack Richards.  He's a guy who thought he was funny because his stupid schtick was followed by a laugh track.

The stuff he said on stage was racist and I don't particularly care.

Racism is the most overrated thing on the planet.

Nov 6, 2010 11:10 AM

storm WHAT?

WTF is it with you people anyhow?  Are you THAT thoroughly conditioned?  Fuckin christ, man, you can google average jew net worth if you want to.

Nov 6, 2010 11:12 AM

and what exactly in the fuck would this actually demonstrate?

What is it that you idiots with your rampant non sequiturs and shoddy logic are attempting to say here?

Nov 6, 2010 11:16 AM

you might not be stunned as you have experience there.  Others who project the white conditioning onto japs or chinks might be pretty shocked.  They are unabashed racists.

And know what, I don't particularly care; doesn't matter to me at all.

As for the celebration, examples of this are manifold.  Listen to the admiration of the black bloc vote while at the same time the intimation of RACISM if a majority of whites voted for a white candidate.  You hear it all the time.

Nov 6, 2010 11:29 AM

i'm not indicting jews by any means.  I AM indicting the one-way racism hustling.  Look at Michael Richards and his famous racist blowup when he was trying to do standup and the black guy was heckling him.  Someone immediately was on tv trying to excuse his racism because "he was jewish, isn't he?"  As if being jewish means you can't be racist.  I've had blacks tell me flat out, argue with me, that blacks could not by definition be racist.

I am clearly indicting the failure of whites to behave the same way everyone else is.  Only whites junk whites for "racism."

It's considered progressive for some guy to go on bleating about how whites are going to be destroyed; there is a clip which was on CNBC where some black author was calling for the extermination of all white people and blacks in the audience clapped.  We all saw standing ovations for the OJ verdict, even at law schools that were predominantly black.  I mean, good lord, the evidence is all around.

It's time to bury the racist label and just accept things the way they are and behave accordingly.  I mean, sure, it sucks that you have to look out for people you may not actually like on account of their skin color, but I've been a minority at work on many different projects and have seen majority nepotism in play to my detriment.  Why is it a cardinal crime for me or anyone else who doesn't have an abundance of melanin to act in a similar manner?

Now as far as where the race hustling machine institution hails from, that is inarguably jewish, as jews founded the NAACP and ran it until 1973 and still run the SPLC, which is a major anti-white attack dog organization frequenting the more left media. 

Nov 6, 2010 3:52 PM

so can we just fast forward to the part where you call us all Nazis?

Nov 6, 2011 1:12 PM

Dat be rayciss to think you are any different from anyone else

Nov 6, 2011 1:14 PM

Greece is exactly like greeks, fuckin emotional bitches who are lazy, effeminate, and high maintenance.  Kick them the fuck out.

Nov 6, 2011 1:16 PM

yes, inviting countries like this into their currency union?  WTF, how many massive inflations have these southern euro countries been through?  Didn't Germany LEARN from fighting alongside shit nations like Italy in WW2 that these bitches were worthless?

JFC, the allies reliably scouted and then attacked EVERY non-german axis position to get anywhere.

Nov 6, 2011 1:18 PM

ROTFL...anytime the Chicom leadership (which is indolent and lazy and corrupt and stupid) sees a peasant not slaving in a factory, there's something WRONG with this picture!

Nov 6, 2011 1:23 PM

it's same shit different day, the perpetual greek debt crisis...from a country that's been in a debt crisis most of the past 100 years.  They put the place into the EU and they're surprised that SHIT HASN'T CHANGED?  ZOMG

Nov 6, 2011 10:42 PM

fuckin elections and goddamned electorate always fuckin things up...who the fuck do they think they are?!??!

Nov 6, 2011 11:59 AM

The FRBNY probably has already LENT OUT Germany's gold...this is going to be the dirty secret of all secrets

Nov 6, 2011 12:01 PM

We used to have a common language and a common culture.  Immigrants came here and did not demand that everything be in their language or that the country should morph into a place like where they came from.

This was before the dark times..before diversity

Nov 6, 2011 12:12 PM

the major problem is that the PC movement has demonized ANYone who was a nationalist into marginalization as a neo nazi.  If you don't welcome 3rd world invasion and self-flagellate over sins by people who superficially resemble you, and in perpetuity, then you are a neonazi.  It's pretty much that simple all over the western world.

Things are going to end up polarized like prison gangs.

TLC or some other channel is now doing a whitewash "Muslim in America," where there's one woman who is pissed that someone says she's uncomfortable on a plane with her, "get your ass off a plane, I am going to educate people like you."  I wonder why that snotty muslim bitch isn't doing the educating in SAUDI ARABIA where she really should?  Instead she's "educating" white people on how racist they are because they look at muslim countries and see something that is revolting.  It will be more of texas sharpshooter muslims who are "just like you, see?"  And those few people should make you ignore that they are pouring acid in women's faces for "honor" or hanging 16 year old girls for taking off their hijabs.

There's an entire industry set up to condition civilized people to reject what their lyin' eyes are telling them and accept a total lie.  God forbid you might ever avail yourself of your brain and use a valid stereotype; there might be one bear in the woods who is really friendly and you'd hate to discriminate against him, right?  That would be the ultimate sin.

Nov 6, 2011 12:19 PM

that is just "regrettable collateral damage," my friend.

We are ok once they are "terrorists," otherwise looking at a muslim sideways is RAYCISS.

Nov 6, 2011 12:23 PM

you are completely full of shit.  WE are the ones most likely to push the button

Nov 6, 2011 12:28 PM

thank god somebody is waking up

show me the fucking diversity in all the places that those offended by this come from.

Nov 6, 2011 12:34 PM

the slavs are the only white people left not groveling

Nov 7, 2010 2:44 PM

yes, those little serfs MUST PAY!!!

GET BACK ON THE WHEEL, HAMSTER!

Nov 7, 2010 2:52 PM

Agree.  The ENTIRE real economy MUST serve the banks and bankers.  That is why it exists.

All people who are not in banking should work and get back on their hamster wheel in order to generate profits and bonuses for bankers.  After all, bankers provide an INDESPENSIBLE service of lending money they don't actually possess, fictitious capital conjured from thin air, and they DESERVE to be repaid in REAL work and REAL productivity and REAL wealth.

The universe ORBITS around banking and not real economic activity.  We must not lose sight of that fact.  We only exist to serve bankers and banking.  NOTHING whatsoever should ever be permitted to stand in the way of a banker and his profits and bonus.

If the hamsters can't run fast enough, all their assets should be divided up amongst the bankers who conjured credit to lend to them.

THIS is justice.  If you can't come up with the collateral, then cut the organs out of your children.  The free market will decide the appropriate ratio of your child's kidneys to the number of FRNs a banker wrote onto an accounting ledger to "lend" you.  There will also be a market on pounds of flesh.  People who work for a corporation and lend money on its behalf that it doesn't actually even possess SHOULD justly receive the fruits of everyone's hard labor.

NOW GET BACK ON THAT WHEEL and run motherfucker.  Get your children on that wheel.  The bankers and their heirs need electricity to power the hyperbaric sauna with big screen 3D HD plasma and keep the Cristal in the sauna fridge cool.

Nov 7, 2010 2:59 PM

look, until the basics of the math of the monetary system as debt are addressed, all this whining about what the federal reserve is doing is no more than just a bunch of bullshit.

there are two options:

1. the people who write this tripe actually understand why the Fed is attempting to "refinance" the monetary base at 0%, because of the math mechanics of debtmoney.  If so, they are no more than shills for letting the banksters acquire the entire real economy via deflation.

2. they do not understand debtmoney, consequently they should STFU

Nov 7, 2010 3:03 PM

This article and most like it - most appearing now - are utter TRASH.

What everyone needs to come to grips with is that there is no SUCH THING as capital in the sense that we know it because banks do NOT LEND what they actually have.

Therefore, how can a bank be "undercapitalized"?  Capital is an accounting entry.  The entire nature of money is that of a thing that will be expected to return some share of future production or assets plus extra due to interest.

They can invent extra capital at will.  Doesn't mean that its worthfulness will be preserved, but the ACCOUNTING is what we are arguing over here, and I submit that this may as well distill to an argument over how many angels can dance on a pinhead.

Nov 7, 2010 6:11 PM

this is easy - it's when oil supply begins its terminal decline.

The "end" is already happening all around us.

There isn't going to be an "event" unless there is a collective repudiation of debt and its moneyness.  In practical effect, this would look like Argentina or Weimar.  Even these took years and went in fits and spurts.

Nov 7, 2010 6:19 PM

JFC dude, I have done exactly that about 2 dozen mfin times on ZH.  Pay attention next time

Nov 7, 2010 8:15 PM

yes.

The problem is that the status quo is untenable.  American hamsters are not signing up to borrow to do geometrically more wheel running in the future.  They can't.  They're exhausted.

The Fed is trying to devalue the wheel's units of measure, because that's the way the math works.

However, the foreign mercantilist nations want to continue to export and not import, because they are protectionist of their own employment markets.  The center cannot hold here.

On one hand, the foreigners LIKE the status quo of the perpetually strong dollar and continual debt growth because that keeps their factories humming and their trade balance continuously positive.  This has been China's growth strategy for decades and was Japan's and Germany's as well, and is intended to be Brazil's as well.

The resource exporters like Canada and Australia are alone in allowing appreciation without steep intervention or bitching.

Foreigners have to accept that as our productive base has declined, we simply don't have the real economy to support the trade imbalances they want.  They will either have to import our inflation or accept a loss in their export industry.  It's as simple as that.

If everyone tries to devalue with us in order to preserve the DXY at a fixed measure, the pressures will continue to build.

However, with declining real oil supply, the world needs to accept that contraction is the new status quo.  They won't...they will attempt to maintain FX imbalance to scrap for a steady share of a declining pie.

Nov 7, 2011 2:20 PM

one is left to question how many paper lease claims are on those golds.  Or when leased was it paper sold or physical sold...

Nov 7, 2011 2:23 PM

i don't have debt, therefore, no reset.

Nov 7, 2011 2:42 PM

no laws of physics were violated at ground zero, nor were they proposed to have

Nov 7, 2011 2:54 PM

it's manipulation, surely

Nov 7, 2011 9:03 PM

I thought China was the FUTURE?  You mean they have fucked up banks and a country full of bad debt?  There's no occupants for those empty cities?  The vaunted high-speed rail that was supposed to go 224mph is really going 0?

Nov 7, 2011 9:05 PM

yeah, and they already sterilized the reserves...they can't really be spent like true reserves anymore.

Nov 7, 2011 9:57 PM

gonna be hard to protect long gold supply lines for China

Nov 8, 2010 1:14 AM

no sympathy for protectionist mercantilists.  Germany is nothing compared to Japan or China in that regard, but they still have to shoulder some of the blame.

Either take the inflation or accept export contraction.

Germany is ONLY pissed off because they can see how QE is going to FORCE the latter of those two.  We are necessarily going to be buying LESS Mercedes Benzes and they don't like what that means for their job market and socialist programs.

They have to get their heads around how phony the last 20 years was for us.

Nov 8, 2010 1:16 AM

listen, man, you need to rapidly get your head around the fact that there is NO MARKET for borrowing your money at the rate you think you're entitled to.

There's NOBODY out there who can turn a profit and pay you the 6 or 8% profit you want from the use of your money.

The Fed cannot legislate profitability; it has to follow what the MARKET says an acceptable cost-of-credit is.

Nov 8, 2010 1:29 PM

Downing Effect, honestly.

I know smart people, really smart, who assumed if PO were real, they'd have known about it.

Likewise, I suffer from the flipside of Downing; I assume people around me know far more and are far more capable than they really are.  In many cases, this assumption makes me appear to be intentionally trying to confuse people because i want to avoid treating them as if they are knowledgeless.

PO is moonbat to a lot of people, even those in the know.  There's the whole potent directors "they" that will just figure something out.  Even among really intelligent folks who now understand PO, this is the fallback...denial.

Nov 8, 2010 1:35 PM

Cellulistic???  LOL...u can't even spell it but it's gonna save us?

Nov 8, 2010 1:37 PM

it's possible assuming you have some nearby turbines and you hang an overhead wire over the entire farm, along tracks the combine would drive.  It'd be like a glorified city streetcar or electric bus.

Possible.  Obviously a PITA, but possible.

However, electricity won't replace the fertilizer.

The ONLY way this whole shebang can work is for example if we had a MASSIVE surplus of electricity.  IOW, no issues w/ Peak U238 anytime soon, no peak He, PBMRs everywhere, turbines everywhere, solar panels on every roof, etc.

Very obviously, we did NOT invest in that type of infrastructure in the 1990s when we had the strong dollar and surplus oil to do it.  Real R&D has been shoved aside because financial bullshit and housing and .com generate better real profits for "investors."

Nov 8, 2010 1:40 PM

It's idiots like you that make Peaks intractable.  Seriously.

Gold peaked, Helium peaked.

A wood supply peak helped kill the Roman Empire as well...it's been studied and determined from the deforestation patterns.

If there's a more energy-dense supply out there than oil, hey man, I'M ALL FUCKING EARS.

Really, you have nothing...I realized that quite awhile ago.  All you can do is hope for deus ex machina.

Technology doesn't melt steel, dipshit...energy does.

Like I said, if you have something SUBSTANTIVE to lend to this conversation other than "they will come up with something," then do so, otherwise, as previously advised, STFU

Nov 8, 2010 1:42 PM

from where, hydrogen mines?

Nov 8, 2010 1:44 PM

I can't accept that this dieoff is necessary because it simply isn't.

The oil consumption patterns in the West are wasteful and aberrant.  We will have to revert to a less consumptive way of life.

Seems like a billion indians get by on a fraction of what we consume.  Wiki has a percapita oil burn page by country.  It's pretty clear that somehow people manage to live happy lives elsewhere on far less oil.

Our American need to supersize everything is a problem.

Nov 8, 2010 1:51 PM

Gold, bitchez...as in Peak.

watch the production figures, '09 was a banner year, but the '01 peak and decline trend still stands.

When silver peaks, look the fuck out.

What we are seeing is a coincident peak in a LOT of materials at the same time.  Now, it may seem far apart to us, just as archeologists discuss the "collapse" of the Bronze Age as a "sudden" thing when in actuality it took place over decades and centuries.

We're IN such a transition period.  Our human arrogance leads us to believe that our decade will take 10 years to read about when it will just be one sentence in a history book.  That's why we struggle to see forests for trees very frequently and realize that we are living through a collapse phase.  We expected it to be punctuated like the historical accounts where we read about how it was over just like that.  Even Weimar took years.

When history is subsequently written, they will say that energy supply and nearly every useful elements' production peaks occurred simultaneously in a Peak Everything.  Hopefully, they will write too that "in a fit of unprecedented sanity, Trav7777 was elected king and dat nigga fixed shit"

Nov 8, 2010 10:54 AM

reminds me of mine too...didn't get anywhere near 20 lol, just too batshit crazy

Nov 8, 2010 11:08 AM

the Fed ALREADY IS the buyer of first and only resort.

They took over the goddamned CP market, the money markets, and everything else in 08 and are STILL the market.

Nov 8, 2010 11:11 AM

it would benefit everyone greatly to understand the mechanics of debt money.  They require systemic growth.

It's not about what we want, it's about what the math says has to be done to preserve a system.

Nov 8, 2010 11:16 AM

Ron Paul is still on the fringe, unfortunately.

If he wants to doubledose truth to the public, starting talking about the Oil Peak.  All this monetary bullshit is just a fucking SIDESHOW.

And we have how many topics whining about BB destroying the fuckin dollar?  Who cares about the gd DOLLAR?  It doesn't move your car down the road or grow food.

Underneath all this bitching about the Fed and QE is the unspoken presumption by nearly all that if BB would just do the "right" thing, be that the gold standard or austerity or deflation or whatever, that shit would get "back on track" and we could go back to the way things were after a brief readjustment, well, because we're Americans and we are #1 at bestness.

Ain't gonna HAPPEN.  The monetary shenanigans are a SYMPTOM, not a cause.

Nov 8, 2010 11:48 AM

we're not having hyperinflation and the root causes of our problems are DIFFERENT than other hyperinflations.

I know this is hard for you to get your head around that multiple causes can produce the same effect, but it's true.

Nov 8, 2010 12:52 AM

really, though...who among us WOULDN'T sell out to the seductive siren song of "be part of the big club"?

I mean, the ship is going down and they are offering you a lifeboat with flush toilets, what do you do?

It's funny how all of the talking heads end up part of the CFR club.  Just a little money and a little access and a gold pen and everyone gets stars in their eyes.

Nov 8, 2010 2:55 PM

it's ok to say bitchez...nobody is going to tattle

Nov 8, 2010 2:57 PM

what if they accidentally fell into the smelter?

Nov 8, 2010 3:00 PM

don't listen to Douchinger, then.

He doesn't seem to get that they can take his trading account, his FRNs, his fucking boat, his house, and WTFever the hell else he think is his if they are so inclined.

What's going to end up happening is that after he has bankrupted and impoverished all his TF acolytes, one of them may take the hard option on his ass.

Nov 8, 2010 3:04 PM

Chris Matthews is such a moron.  I mean, wtf kind of partisan shilling is this?  WTF infrastructure did Democraps build?  There was no push for rail during the 90s, NONE.

The fact is that the debtpeddlers were the biggest donors of his Messiah and they give not one fuck about building anything.

Nov 8, 2010 4:32 PM

why should women vote?  They can't pick out what to fuckin wear or what type of food they'd prefer you bought them tonight, so why should I trust their voting?

we don't need more irrational voters.

Nov 8, 2010 4:34 PM

I'm sure it's REALLY Obama

Nov 8, 2010 4:38 PM

yep.  People just don't get it when they hear about all these poor, malnourished inner city black kids.  They think ethiopia or malawi or something.

no...the malnourishments are among FAT KIDS.  Because they eat and drink nothing but sugary shit all day long and never get a proper vitamin allotment in their diet.

If dairy stuff weren't fortified, these kids would be dropping dead from shit like rickets

Nov 8, 2010 6:57 PM

there isn't 200 tons for them to buy from anyone willing to sell in that quantity.

They will likely purchase a derivative, essentially filling the major paper gold vehicle with more...paper gold

Nov 8, 2010 7:10 PM

no way?  You mean a digital IOU from my broker for some ETF that has a paper claim to gold in someone else's vault is actually MORE trustworthy than, say, holding the shit in my own fucking hand?  Who knew?

Nov 8, 2010 8:29 PM

this is not unexpected.

The NAFTA money laundering racket is as follows:  drugs are smuggled into the USA.  They are paid for with mountains of cash.  This cash is of sufficient quantity as to be tough to just go and deposit or even launder in the US.

So the physical cash is smuggled into Mexico.  There, it can be much more easily deposited into a Mexican bank.   OK, you're saying but that just means it's in Mexico, SURELY we have capital controls in place to handle the taxation and all of this??  And you'd have been right pre-NAFTA.  NAFTA was paid for by a lot of the banks for this very reason.  Now, with NAFTA, you deposit in Mexico, they take a little laundry fee and then they issue you a cashier's check drawn on their branches in the USA.  You come back to the US and deposit the check.  Presto!  The money is laundered, BY TREATY.

I saw a Frontline piece on this...as of maybe a decade or so ago, there was $100B or more sitting in major banks at the border which *could not* be accounted for as far as origin under any common accounting principles.  It was obviously drug money.  Miami, El Paso, San Diego, etc., 10s of billions then in just the half decade following enactment of NAFTA in the 90s in each of these cities.

Like I said, the banks were solidly behind NAFTA and they are known to be havens for drug money.  If the US can interdict the cash before crossing the border, they can keep it.  Once it gets into Messico, it's out of their hands.  NAFTA binds very strongly; there is nothing the USG can do about these obvious drug bank accounts.

Nov 8, 2010 9:04 PM

Can't understand what Fischer is calling for...austerity, perhaps?  Austerity is code for GET BACK ON THAT WHEEL, HAMSTER, and RUN FASTER.

Let's recall that for Congress to actually pay back this debt, plus interest, that it would take the entire tax base for like a decade?

And, during the process, credit would collapse in the most vicious deflation ever known.  It would bankrupt even Prechter and Mish and Douchinger. 

Austerity means real default...cascading bankruptcies would vaporize the money supply.

Fischer probably wants a more "balanced" budget or some kind of return to where the foreigners monetize the debt, but that ain't happening with this oil peak overhang and the massive overcapacity worldwide.

The credit base has an interest component which requires more credit drawn in order to repay it; perhaps Fischer doesn't understand his own business or else he thinks that we can just have a few bankruptcies and go right back to happy 5% economic growth again

Nov 8, 2010 9:26 PM

$10MM...that's IT?

Chump change...even Mozillo lost more than that.  BB probably can pay that out of his own personal account.

Nov 8, 2010 9:37 AM

rubbish...RBD had been functioning for centuries.  Fractional lending is what did the banks in. 

Nov 8, 2011 1:34 PM

what's the American Dream Myth?  Work hard and you'll be richer than your parents.  That ain't happening now.

Graduate, go to college, get job, work, retire.  That shit is last century.  The class war is HERE, but it's been waged by the executive class on the working class.  Why hire an american when everyone in the kitchen is mexican and can't speak english and can be exploited?

The OWS kids with their iPads are running into a wall I call "unmet expectations" or unfulfilled entitlements.  This is obvious when looking down through the "I am the 99%" stories where we see person after person levered up in egregious debt, whether it's a person who bought a house at the peak or a student who accrued $100k for a useless college degree.

People still expect as a right all the trappings of an economy that no longer exists.  And it stings to see connected kids getting all the favors as if this is Brazil

Nov 8, 2011 1:37 PM

the palestinian problem will resolve itself over time as they are systematically dispossed of even more land.  At the end of the day, with peace on the table, there won't be enough of a State left for them.  And the zionists will proclaim, "what's done is done."

The REALITY is that the ME conflict won't be solved by anything other than force of arms.  This is a really OLD blood feud and a couple of religions that cannot live with anyone else's religion.  The jews do not tolerate anymore than the muslims in their neighborhood do.

Nov 8, 2011 11:16 AM

I haven't come across a more specious argument either.

Like the EUR POG will rise to 11k but the price of wastepaper won't?

Nov 8, 2011 11:32 AM

the EU treaty was BUILT in order to specifically PREVENT what the EU is presently trying to do with it, which is to bail out profligacy with printed money.

In fact, nearly every nation in the fuckin union outright CHEATED on deficits by signing swaps to GS and the other confettiers in order to bring present deficits down at the expense of an EXPLOSION in them later (now).

These deficits didn't materialize out of nowhere, they were engineered to happen.  Nobody availed themselves of this more than Italy did.  The EU is dead simply because the budget tricks and cashflow swaps that the nations signed to gain entry are now coming due and the growth hailmary that HAD to happen to keep them solvent did not come to pass.

In fact, amazingly, the nations who KNEW they signed away future cashflows and signed onto massive future expenditures as a result of these swaps, continued to behave as if their deficits really WERE what the lies said upon EU entry!

Nov 8, 2011 11:40 AM

ROTFL...ask the natives how good THEIR peace treaties were.

The injuns were in a constant state of war with each other

Nov 8, 2011 11:44 AM

when you put primitives in a house and clothes, they're still primitives.

The injuns are living as they did 400 years ago...THIS is how their lives were then, brutal, short, primitive.  Not like the introspective peace-loving noble souls depicted in stupid movies.

Native populations everywhere have similar issues, aborigines in Australia and subsaharan Africans are other examples.  Everyone just expected them to happily jump on the bus of civilization and integrate right into ways of being that weren't within them?

If they were civilized, THEY WOULD HAVE BEEN CIVILIZED.  Columbus would have landed to ports, ships, the wheel, written words, the iron age, etc.  Biological evolution of disparate populations does not proceed at uniform rates.

Nov 8, 2011 11:45 AM

the joos have been in a constant state of aggression with the entire planet, as written into their holy texts

Nov 8, 2011 11:46 AM

germany and france hanging those wops out to dry...southern greaseball effeminate euro countries take note

Nov 8, 2011 11:56 AM

Of course Netanyayhoo is a fuckin liar...and a corrupt convict.  But his fellow citizens, aka dual passport holders run the USA.  Vast majorities of media, finance, and legislative chairs.

Your career will commit suicide the second you even contemplate questioning how the protection of whatever Israel wants is in the US's central strategic interests.

Hell, we were willing to basically go to nuclear war over this little State.

Nov 8, 2011 12:48 AM

Platinum is behaving like copper and is WAY more precious than silver...or gold

Nov 8, 2011 12:51 AM

yeah, um, at the same time they are pumping 1T yuan into their banks?  LOL at the CNY as any kind of reserve currency.  As a reserve you're better holding toilet paper than Chinese paper.

Nov 8, 2011 12:52 AM

due to how china dealt with reserves, they aren't really a creditor in the sense that you believe

Nov 8, 2011 12:54 AM

China will fucking steal anything from anyone the Party wants.

This is precisely why NOBODY would trust them as a reserve currency...EVER.  They've tried to steal every single technology that has ever entered their four corners and then counterfeit it.

Yeah, with all the fake rolexes, LV, and stolen high speed rail systems, right, Europe is right there with the yuan bein a reserve LOL.  Nobody who ever put any IP into China would trust anything they ever wrote on paper.  Ever.

China had the ORIGINAL hyperinflation.

Nov 8, 2011 4:30 PM

yeah, right on cue, welcome back $1700s

Nov 8, 2011 4:32 PM

nah he's black like on TV, so he's a good vehicle to expunge that YT guilt

Nov 8, 2011 4:33 PM

so $60 is out for next week?

Nov 8, 2011 4:36 PM

do you actually think anyone is going to comply with this law?  The law is getting to the point where people are openly saying fuck it.

Nov 8, 2011 4:40 PM

I was thinking BLSHT

Nov 8, 2011 4:56 PM

The federal government workforce decidedly does not "look like america."

Nov 9, 2010 2:38 PM

Just a bunch of bullshit...China steals wantonly, respects no IP...downgrade them to D-

Nov 9, 2010 2:56 PM

yea; monster drop...did the world just end or something?

Nov 9, 2010 3:07 PM

The Fed will have to start buying the entire auction.  If rates creep upward, we have a recipe for cascading default and short the phonebook time

Nov 9, 2010 3:11 PM

the entire XAU/HUI took a looks like 6% swing there

Nov 9, 2010 3:14 PM

LOL...when it was UP $40 the other day, no cries of manipulation, but let it drop $25 and it's OH THE HUMANITY OF IT

Nov 9, 2010 3:17 PM

what a fuckin rebound in silver...from even to +2% in just like that

Nov 9, 2010 3:20 PM

SLW fm calls is the balls trade of the hour

Nov 9, 2010 4:25 PM

TLT has been on a rocketsled since 108...showing no real signs of abating anytime soon.

The 30s real crash was stocks AND bonds.  There was relatively nowhere to hide.  And cash lasted till the overnight devaluation

Nov 9, 2010 4:27 PM

what are we lookin at, a 9% intraday reversal in miners so far?

Entire commodity complex getting smashed...something sure looks like it's rotten in Denmark.  Have had this feeling many times in the past couple of years only to see the market resurrect itself from the dead.  SPG still well over 100 and junk stocks still near 52Hs

Nov 9, 2010 4:39 PM

No, I'm saying that every time it goes down around here it's manipulation and every time it goes up, it's not.

I'm looking at a GREEN POG in Euros.  I'm inferring from this that we're not really seeing a decline in the POG per se but a revaluation of POG$ vs POGeuro around the forex.

I watch POG in a variety of currencies...I see nearly new highs in all of them, inc stronger issues like BRL.  If you think the US is going to hell, what does the POG$ matter?  Just that it's worth something when you get to Chile or wherever.

Nov 9, 2010 4:43 PM

POG mostly flat in all the currencies the USD is bitchslapping today.

Nov 9, 2010 4:51 PM

drop gettin apocalyptic bitchez

Ag off a buck, Gold intraday -40...etc

Nov 9, 2010 4:55 PM

there are your price targets...you pullin the trigger?

Nov 9, 2010 9:15 AM

This is why the Fed has been able to do what it does and everyone can just bitch.  WE control THEIR debt.

The *decrease* in standard of living is not just going to visit the US.  The export sectors of the EU are going to readjust as well.

They either peg and maintain the relative balance, or they accept appreciation.  Our debt growth can no longer drive their economies in today's dollar terms.

What this means on the ground is that Euro savers may come up on some real value for their cash.  However, we are seeing momentum in all currencies by gold and oil, so this remains to be seen.  The next default wave will see the euro attempt another run at parity.  That's their out.  I expect continued global currency depreciation except in exporters whose debt bubbles haven't yet inflected.

Nov 9, 2011 1:07 PM

somebody actually expected contrition or shame from these motherfuckers?  WTF?  how the fuck did they ACT during the event itself???  Snotty, petulant, self-absorbed.

Until and unless these fucks start GOING TO JAIL, don't expect shit out of them.  They will take the money as their entitlement and lever it the fuck even more.

Nov 9, 2011 1:37 PM

you can't just start a war in secret these days

Nov 9, 2011 1:39 PM

peak cheap oil was 30 or 40 years ago.

If by "peak" you mean "the end of," then you clearly don't know wtf the word peak means

Nov 9, 2011 1:40 PM

bingo...nail/head

Nov 9, 2011 1:42 PM

uh..production figures show that oil DID peak, C&C in 2006, all liquids in '08.

Nov 9, 2011 1:52 PM

nothin I didn't know already and haven't been saying for 5 years.  People accept me everywhere I go because of my sunny personality

Nov 9, 2011 1:53 PM

what chinese movements...you mean japanese

Nov 9, 2011 2:05 PM

just fucking invade greece already

Nov 9, 2011 2:42 PM

yea, when I was in Iceland, they actually talked about projects that were put on hold because of...lack of funding.  I was immediately puzzled, wtf is this "lack of funding" thing?  Apparently, they actually wait till they have money to do things.  My consternation was immense.

In the southern euro and in the US, just fuckin print it.

Nov 9, 2011 7:25 PM

if fracking is causing earthquakes, the gas industry is dead and you can scratch one more solution off the technocornucopia list for peak oil deniers

Nov 9, 2011 8:06 PM

uh..no.  it would not even be close to an extinction event.  in fact, it would hardly kill anybody

Nov 9, 2011 8:47 AM

Sovereigns are the new subprime

Nov 9, 2011 8:49 AM

as opposed to your secret (made up) history that has no connection to anything that ever really happened?

There was a time when the Pope raised armies and fought wars on his own dime.  That time has long passed.

Nov 9, 2011 8:50 AM

it's nothing but a big collection of child molestors.

You morons have been reading too much Da Vinci code bullshit and watching tribe-authored movies that ALWAYS place the catholics at the the epicenter of every sinister conspiracy.  This stuff is really projection.

Nov 9, 2011 8:52 AM

the potus "plan"???  It was just some shit that he pulled out of his black ass that sounded good.  There is no fucking plan.  How the fuck is the president going to double exports, does he fucking run factories and businesses and shit?

The idiots of this nation have invested the president with magical powers in their name

Nov 9, 2011 8:58 AM

was he the one that signed those swaps with GS?

Am I the only one who remembers those?  The rate and other swaps Italy had the Street manufacture to bring their deficits "under target" upon EU accession but which blew out their deficits about starting...now.

Italy is a nuclear timebomb.  It was big news when it was disclosed and I guess they thought that shuffling some chairs in the government would make it all go away

Oct 1, 2010 1:25 PM

you might want to examine our primary prison demographic.  China doesn't have them in China.

Oct 1, 2010 1:29 PM

you might want to examine our primary prison demographic.  China doesn't have them in China.

Oct 1, 2010 10:04 AM

rally, bitchez?

Oct 1, 2010 10:19 AM

Not entirely true.

Fundamentals suggest yields will compress.  Therefore, those who have gone after yield plays, such as MLPs and whatnot, have done well as the riskfree yield has collapsed while the spread stays mostly flat.

The FED's monetary climate is a fundamental. 

Also, those trading for gold production decline or oil production decline fundamentals have done well.

Fundamentals aren't to be "traded" on at any rate, they are necessarily longer-term positions

Oct 1, 2010 10:23 AM

Stop spouting monetarist horseshit as if it is gospel.

The problem is not velocity; the problem is he basic mathematics of debt-based money.

Oct 1, 2010 10:30 PM

Please, don't be an idiot

Oct 1, 2010 10:36 PM

For the TRILLIONTH TIME, people, if you DO NOT understand what "Peak" means, please DO NOT comment on it or otherwise state your freaking opinion.

WTF happened that people are unashamed of ignorance these days?

Oct 1, 2010 10:39 PM

No, your comments reflect that you are utterly ignorant of what Peak oil is.

Peak is merely a net production maxima.  It holds irrespective of the EROI of the base resource.

EROI decline is a different issue than Peak, however the two are related.  Now, go back to jacking off to porn or something, and STFU.

Oct 1, 2010 10:43 PM

Well, get the fuck used to it!

Energy is getting MORE expensive!  Sure, you could power your life on a few weeks' worth of work, now it will take years.  This is the road forward, where consumption of energy costs more.

Yes, obviously, investment in solar was a wise idea 10 years ago, if we wanted to collectivize planning for oil scarcity.  We didn't.  Staring impending oil peak in the face, we did the Easter Island thing and INCREASED consumption markedly.

Oct 1, 2010 11:22 PM

There is no such thing as peak "cheap" oil.

Oct 1, 2010 11:24 PM

There's NO SUCH THING as fucking peak CHEAP oil!

Oct 1, 2010 11:29 PM

stupidest.comment.ever

The problem is that there are at least 5x as many idiots like you as who understand peak oil.

Oct 1, 2010 3:26 PM

I can't understand why everyone is taking exception with the SEC's explanation...it appears to me to be literally true.

However, acceptance of it requires you to make some deductive inferences, the largest of which is that almost all of the trading volume in the ES is bogus.  There IS no real liquidity, there is only algo trading back and forth.  There aren't any real buyers.

So when W&R came in with an ACTUAL sell order of some size, it blew the fucking market up like you would see in any thinly-traded issue for which there was a paper thin bid stack.

Once confronted with any kind of actual sell volume, the HFTs all got the fuck out of the way.  The liquidity that appears to be there in the form of decreasing trading volume is illusory.  The volume is illusory.  In reality, the market is effectively NO BID for any sale of any size, because the HFT algos have chased real liquidity the fuck out of the market by conducting arb spreads against market makers and neutrals.

This is the only way what the SEC says can be true...the but/for cause was W&R's sell, but obviously, the proximate cause was not. Algos have fluffed this market up FAR above what a REAL buyer would be interested in W&R's ES block at.  There certainly were some buyers in size 1000 DOW points down, and maybe some more 1000 below that.  That is where the real, bona fide bids are located.  Between that and where the market sits now is algorithmic vapor quote stuffs.

If ANYONE attempts to sell into this market in size at this price, the market will crash because it is not in any way fairly valued as defined by actual bidders buying actual shares at an actual price.  The algos will see the block and get out of its way, just as they're programmed to do.  They're not interesting in buying anything to hold, just buying it if some arb sale can be done somewhere else immediately.  If that ask doesn't exist or is illusory, the HFT won't buy at bid.

Consequently, they CANNOT back out HFT now because they know that the S&P would likely halve in very short order and that headline number is "suboptimal" for reelection prospects.

Oct 1, 2010 3:36 PM

BINGO!  This is exactly what I said on my post on the W&R SEC blame thread.

W&R was trying to ACTUALLY sell /es contracts and exposed the truth - there WERE NO REAL SIZE BUYERS at bid!

There is ONLY algo fluff between the current quote and where we crashed to.  Where we crashed to represents the place at which there are any legitimate size buyers.

And, the nature of this futures beast (implied correlation near 1) means that every goddamned stock goes down with the ship.  You'll see gold-plated pipeline MLPs yielding 15% and shit.  I scored some coal LP shares during that flash on a stink bid.

In reality, shit like SPG should crash 50%, 60%, probably 100%, the entire IYR complex should implode while a long-lived royalty trust paying a steady dividend should not move.  But with correlation near 1, they all shit the bed the same.  Welcome to hell.

Oct 1, 2010 3:47 PM

eventually, one would expect yields to normalize, but in a historical sense, P&G's div is pathetic.

Oct 1, 2010 3:58 PM

Can we say "impairment," equity tranche holders?

Oct 1, 2010 4:06 PM

No choice but QE2.  Look at the 3M fiasco.  You're going to see the Fed having to buy those mortgages out because to not do so would cause cascading collapse across supersenior CDO tranches as there is no recovery value whatsoever for a putative noteholder seeing as how they don't have clear title.

It will go down as Frandie buying them, then at some future point, they will sell the good ones to political insiders for peanuts.  The nation will pay aristocrats feudal rent.  The gov't will eat the shit ones.  Probably dole out free houses or something.

What this means is the housing market has a fuckin GIANT fork in it.  Perversely, it may cause prices to go up as the ones that need to be sold temporarily cannot.  Anyone with a brain will sell into such a spike because it will end with an avalanche of new supply.

Oct 1, 2010 8:33 AM

it's a few thousand a week..giant nothingburger.

Oct 1, 2010 8:56 PM

how fucking stupid are these writers?  Do they not look at production figures?

Gold has been in production decline since 2001, although the numbers out for 09 suggest a banner year if they are to be believed.  Are people conditioned to believe that gold cannot go up except for on account of inflation???

Oct 1, 2010 8:58 PM

again, oil...supply decline...no need for inflation.

Everything economists conditioned people to believe during the Era of Growth were merely transient, not permanent, conditions.

Higher prices will not lead to more supply.

Oct 1, 2010 9:16 PM

if you don't actually understand what peak oil is, might wanna stfu about it.

Oct 1, 2010 9:19 PM

This is precisely the end-game, a repudiation of debt, because a future of contraction cannot even service today's debts.

The sooner, the better.  At this point, commodity money is an answer.  I know, I know, it can't GROW with the economy.  But the economy is not going to be growing materially anymore.

Oct 1, 2010 9:24 PM

debtmoney is inarguably parasitism.  That is why central banking was invented in the 1690s with the charter of the BOE.

Aggregate indebtedness on account of just having money to use in an economy is what debtmoney means.  Eventually, default is mathematically inevitable.  At that point, ALL outstanding money is a liability (it always was) to its issuer and they can come collect on the loans.  In real assets.

Oct 1, 2010 9:26 PM

glad to be of help, but please be clear that this is not THE system.  There are other systems which have worked better and for longer than debt-based money.

This is just our system, the Fed/BOE system.  And, during an age of growth fed by an energy supply wave, nobody cared enough to notice the VAST riches accrued by fucking bankers.  During the collapse phase is when people will start to notice.

Oct 1, 2011 11:34 AM

you idiot...the natives were not in sync with nature.

They extincted every large land mammal in this hemisphere.  The injuns used to drive whole heards of buffalo off of cliffs...the animal survived only because the injun lacked the technology to live long and multiply sufficiently to extinct them too!

You're also a moron for believing that every injun was a plains injun feeding on buffalo...ROTFL.  What kind of stereotyping rayciss are you?

Oct 10, 2011 1:10 PM

WOO HOO YIELD

Oct 10, 2011 10:51 PM

what this underscores really is how stupid and unnecessary the ENTIRE banking system is.

Companies that have good business models have REAL cash to lend.  Banks do nothing but run ponzis to try to find parasitic vig for their donothing executives.  A worthless industry that creates no value.

A government lender like FNM and FRE didn't go bankrupt faster than major private banks, therefore there's no point in having any of this in the hands of confettiers.  Just do what Friedman said and have a computer print it.

The notion that anyone has to struggle to find a currency that is conjured from thin fucking air is absurd.

Oct 10, 2011 11:03 PM

MS's Live cloud will let you do real Office docs

Oct 10, 2011 11:13 AM

I can't recall a more botched management decision process since New Coke

Oct 10, 2011 11:15 AM

in their defense, New Coke won ALL of the taste tests and was a very tasty beverage.  Used to love drinking those in the discount bin at the local minimart when i was a kid.  Cheap and tasted very good.

Nflx; I can see no focus studies that they could have POSSIBLY done that suggested that DumpSter was a good idea to spin off their core business to.

Oct 10, 2011 11:16 AM

Consensus decisionmaking...sprinkle in diversity combined with a board and senior executiveship that is comprised of people there because of their family's clout and you get really dumb shit like this.

Oct 11, 2010 10:02 PM

I'll take this one up, because i believe you are in clear error about most of your suppositions.

The elites are the most highly-levered.  They have the most to gain by inflation.  They will have access to credit and will accumulate productive assets. 

Secondly, the government itself will default in the case of deflation; the system of debtmoney makes this a mathematical inevitability.

In fact, hyperinflations have occurred all over the globe, in nations that have had even more entrenched elites than we.  Did Argentine elite benefit?  Yes.  Did Brazilian?  Absolutely.

The true elite have political connections and will be ahead of any hyperinflation.  Think about it.  If they get tipped off, they can position into asset classes which preserve value then scoop up everything with hard currency during the devaluation. 

Austerity comes AFTER the currency collapses; it always does.  That is when the claim tickets get paid.  For the government to continue to function after such an event, they are "forced" to sell national assets and implement crushing austerity going forward.  Why?  Because their currency now lacks real purchasing power.  They can no longer bargain and trade with paper.

You appear to have GROSS misconceptions about how hyperinflation works, and you would be wise to study its occurrences in other nations before talking about "ordinary people" somehow buying their houses for lower real value.  That won't happen; it never has and never will.

Ordinary people are going to be crushed by rising REAL cost of food, gasoline, power, etc.  They will be forced into effective default irrespective of the nominal value of their currency.

This type of hyperinflation works for the elites because only THEY can command a rising income!  The effect will be a reduction in living standard for all those further down the trough.

Hell, man, look at 1933...did the US elite suffer in FDR's devaluation?  Hell no.  The Federal Reserve had all their gold already.  Those with political cover were unharmed by it.  What BETTER way to destroy the system than by rendering the value of the asset class MOST owned by the little people, cash, worthless? 

Oct 11, 2010 10:05 PM

Idiotic.  Helicopters ARE DROPPING CASH.

They are NOT DROPPING IT ON YOU.

They are dropping it to the tune of TRILLIONS onto the favored, elite, political class.  THEY are being made nominally whole while the inflation eats the net worth of everyone below them.

A bag of freaking potato chips costs $4 now.  Real cost of living has gone UP for normal people while income goes down.

THIS IS INFLATION.  As it proceeds and gets worse, the elites' incomes WILL keep pace, as the helicopters drop them cash by the metric assload.  The ordinary people WILL NOT.

This is how austerity LOOKS, a decline in REAL income!

Oct 11, 2010 12:05 PM

HFT ate the liquidity providers by frontrunning and arbing their algos to take their marketmaker rebates.  What used to be a utility-style profit margin to make markets got cannibalized by HFT.

the only reason a HFT bot would buy a stock is if it KNOWS that there is a bid elsewhere for more.  In fact, they will monitor the orderflow and buy and sell before your bid can even hit.

They rationalize by saying, the average retail guy doesn't care about a few pennies here or there - this was IN the 60M piece and is an ADMISSION that they are stealing.  So, let's run with that.  Many scams are in the folklore about people going into bank accounts and chopping off the pennies or fractions of pennies.  Nobody at an individual level cares about $.004, right?  So it's OK if you steal that from 10M people and route it to your own account?

This is CLEARLY fucking stealing, is a crime, and has been prosecuted.

The notion that HFT works like a daytrader trying to spot "trends" and shit is absurd.  These freaking algos have positions with lifespans measured in milliseconds.  Their sole purpose is to find somewhere in the order stream where there's a B/A mismatch and get to both sides before anyone else can and capture the delta before NBBO or the exchange can even know it's there.  And, if the delta goes away before they can execute, they cancel.

they put up stub quotes and they can yank them down if they see ANYONE trying to hit their bid or ask, before the orders can even be filled.  The entire fucking industry is a SCAM OPERATION.

The main pushback the HFT industry gives to material inhibition of this fraud is that "it will be impossible for us to make money."

Oct 11, 2010 12:08 PM

YES HE DID.  The freakin little semite ADMITTED that his industry is in the business of a CON where they just don't steal so much from any individual that any individual feels victimized.

This is what HFT is built to do, steal pennies tens of millions of times.

Oct 11, 2010 12:15 PM

STFU, you idiot.

there is no hedging in HFT, they don't HOLD positions!

If they do not succeed in capturing an arb, they cancel.

Only morons think HFTs are doing what "traders" do, which is trying to ride some kind of dipshit momo or something.

People are acting like HFT is some kind of quant fucking rocket science.  It's NOT.  It's H F.  The object is to use machines like a 3rd world bazaar vendor and get in front of a real bid or ask (mark), close, and flip for a profit, before any of the other street leeches can.

most of the 60M piece was a lie - there are no mathematical models necessary for this.  Speed matters.  Whoever can see the order flow and process it the fastest can find mismatches in B/A before the exchange can.

HFT is computerized fucking house flippers.

Oct 11, 2010 12:19 AM

Eric "Place" Holder is only in a rush to prosecute white people who are anti-Obama or who otherwise dislike blacks

Oct 11, 2010 12:22 PM

Yep.  If you put in a limit bid for 100 shares of C at, what's C worth?  $1?  If an ask comes in at .9999, some HFT will see it in the order flow, and sell to you, buy from them and pocket the .0001.  And do it millions of times.

Complete. Con. Game.

Oct 11, 2010 12:25 AM

Assholerod wants this very badly, like the BP spill, to go away.

Rumors coming from my sources suggest that the Obama administration will begin spraying Corexit on the MERS HQ hoping that this problem will disperse...

Oct 11, 2010 12:36 AM

some decent ideas, but some not.

Repeat:  there is NO SUCH THING AS PEAK "CHEAP" OIL

Oct 11, 2010 12:36 PM

Yes.  The exchanges are in on the stealing pennies from millions of people con.

The only real traders are those holding lots of stock, aka mooch funds and pensions who are periodically rebalancing.  They're stealing the pennies of all the savers.

Eventually, those holding any shares won't be able to get out anywhere near the apparent bid, because that bid is merely a swarm of HFTs only looking to buy if they have a sale in the frontrun orderflow the next microsecond for .00000001 more.

HFTs ARE the exchange now

Oct 11, 2010 12:41 PM

ok, when the conmen destroy the stockmarket, and the whole thing goes no bid, the Fed is going to step in and buy the futures.

This is what will occur, and has occurred.  And they'll say "nobody could have foreseen this."

HFT is essentially riskless legalized stealing.  And the exchanges get a cut of it.  Eventually, all will get tired of being incessantly ripped off.

Is this what our country has become?  Pay the best programmers to write programs to rip fractions of pennies off from people?  This is all just more jew confetti for history's ashheap.

Oct 11, 2010 2:15 PM

Only a moron would invite China's currency into their basket.

Unless China is planning a MASSIVE deflationary appreciation and collapse in their export margins in order to sit at this table.

Look at what the USD reserve has done to the US...all our trading partners have pegged to us and systematically eaten every industry we had. 

Every single one of these effing nations is going to buy dollars with both fists in order to maintain their own cheapness!  Fuck them all.

Oct 11, 2010 2:37 PM

HAHAHAHAHAHAHAHA...

Do you ACTUALLY believe this?  Dude, they fucking quote stuff and withdraw them when the order flow shows someone wanting to hit their bid.

You are WAY behind the curve, man.

Look, even if you know NOTHING WHATSOEVER about how trading platforms work, when a company can go FOUR YEARS without a losing day, you have NO CHOICE but to eliminate the impossible and accept the truth:  they ARE CHEATING.

And the fucking NYSE DOES NOT CARE because they get a CUT of all of those pennies!

Look at the goddamned flash crash, how the fuck you think that happened unless ALL of the effing "bids" sitting out there were bogus?  Individual issues crash with no-bid to .01 all the time within a few milliseconds and back.  Legitimate size bidders are WAY below the froth at the surface.

I mean, goddamn, dude, the CHIEF of the NYSE admitted that they are stealing fractional pennies from retail.  How do YOU suppose that they manage to do that?  It is because they have determined HOW to manipulate illusory price action to do PRECISELY what I claim they can.

You should watch them walk B/A up a few % sometimes and see NO TRADES whatsoever.

Oct 11, 2010 2:44 PM

Bingo.

The exchange is IN on the penny stealing; they get a cut of it.

Eventually, this will chase out exchange participants who are tired of getting jewed all day and night out of fraction pennies and they won't do business any longer with them.

Stock exchanges are like 3rd world street markets now.  You even go IN THERE with any money and you are going to get divested of it somehow.

Oct 11, 2010 2:50 PM

Who knows if that's why?

But, HH up above says that the HFT's can't do that.

sure they can.  All they have to do is be faster to the trade than someone else.  Nothing says they can't execute ahead of you, even if you have the better ask.  Short one, long the other before the exchange's dinosaur computer does it.

How else do they churn tens of millions of shares and only hold a couple of thousand?

If these guys were really only trying to trendspot and then jump into a trade, fine.  Let them.  NP with that.  Let them post their trades into a queue.

But that shit would have some losing days.  If a player never loses, he's cheating.  Simple as that.  They know where the orders are before others do.

I mean, why else build a freaking 10ms faster pipe to Chicago at the cost of hundreds of millions?

Oct 11, 2010 2:55 PM

Dude...HFTs don't provide any liquidity.

The notion that they do is complete bullshit

Oct 11, 2011 1:51 PM

have you idiots ever heard of bribery?

Oct 11, 2011 1:53 PM

if they do you melt it into a bunch of religious articles or some other exemption WHICH WILL BE written into the law by a favored interest.

use your fucking brains and start playing the game.

Your minds are bound by rules you are too chickenshit to break like the big fish do

Oct 11, 2011 12:34 AM

if you like skanks that bang black guys, sure

Oct 11, 2011 12:38 AM

HAHAHA

What, Mosely-claven, IONIC LIQUIDS aren't going to save the silver market from peak silver?

There's TONS of silver out there, we'll just find more, technology will save us.

You are such a retard. 

Oct 11, 2011 12:38 AM

gold peaked 10 years ago.

Oct 11, 2011 12:39 AM

production of everything peaks.  water peaks.

It's all about flow rates, moron

Oct 11, 2011 12:46 AM

When silver peaks, it will enter the same type of bull market as gold enjoyed since its peak 10 years ago.

In fact, I would submit that a lot of the upswing is a pricing in of that also in the face of relatively sudden increased industrial demand.  Production figures are all that matter.

In real terms, silver *could* be the trade of a lifetime...but this largely depends upon industrial use and how much scrap is out there to harvest.

Comparing utility to scarcity, *nothing* whatsoever compares to Pt and Pd.  Gold floats on its historical role right now.  Given the pricing of oil, Pt, and Pd, gold is presently significantly overpriced.  I submit that this is a liquidity or recognition premium and this is the very reason gold is gold and the other metals aren't.  Just an accident of nature expressed through relativistic effects in an electron shell.  Just as a thought experiment, imagine if gold were nonrelativistic and Platinum had the yellow

Oct 11, 2011 6:10 PM

exactly.  Another confettier complaining.  I'm sure he'd like a business but those fuckin workers are denying the confettier capitalist class the RIGHT to 100% of the profits.

Yeah, let's have wage parity with China where they are minting capitalist class billionaires by the truckload all of whom are connected to the Party and can get money for free.  Awesome idea.

I love how these idiots think it is really their money, that they borrowed from a bankster friend who conjured it out of his ass.

Oct 11, 2011 9:22 AM

they will hold out for more payola for Slovakia if they are "principled."  This is how it works in our Congress, which appears to be what the EU has devolved into now

Oct 11, 2011 9:33 AM

Just use Jedi Mind Tricks on them

Oct 11, 2011 9:36 AM

The Statesman will be outvoted.

Slovakia is going to hold out for some concession to Slovakia.  This is exactly how the process works in our Congress. 

WTF does it really matter?  Oil production started falling in earnest in 2006, clear C&C peak.  It's going to lead this in whatever direction it's going.

Why clamor for total collapse instead of a steady slide?  Get as much as you can out of it while you can.

Oct 12, 2010 1:18 PM

Stupidest. Economist. Ever.

Bretton Woods, you fucking idiot?

What fuckin rock did this moron crawl out from under? 

Oct 12, 2010 1:31 PM

I guess the Households out there gobbling up all the bonds were just on vacation still...

Oct 12, 2010 11:37 PM

Ok, it's critically important to correct some of the misconceptions in this.

First, that of the so-called "gold standard."  During the pre-Fed years, there never really WAS a gold standard, not like people conceive of it.

First off, Real Bills circulated as effective money.  Gold was *merely* used as a restraint to GOVERNMENT issue of bills.  The money supply is NOT tied to the gold standard or to gold in an asset-backed paper doctrine.  Real goods back paper.  Gold is merely ONE type of real good.

So the *government* is restrained by the gold standard to not print paper not backed.  The CB-led notion of "gold standards" was an apocalyptic failure, by which I mean the FORCING of solely gold-backed paper as legal tender or money.  There simply isn't and wasn't enough gold to back *all* money necessary for the world economy's growth rate at the time.

HOWEVER, Real Bills backing production *did* provide sufficient backing and were previously traded as effective money.  This is because no good for production need exist absent a bill that it backs.

Money is a transactional instrument...the notion of money as *wealth* came from bankers who wanted to store it and profit from it and ultimately control it.  Gold was what they had, so they pushed for the "gold standard" in England, which was an infection foisted on the world by the BOE/Rothschild axis.

If we want OUT of inflation/deflation, creditmoney, parasitic compound interest, and have *sound* money, we MUST return to RBD.  At the current spot of 1357 POG, vs 82.xx oil, a bill backed by 1 oz Au could be broken into change of 16+ oil bills, which would themselves be 3 and change silver oz bills.  ALL of them are fungible as money because they are backed by REAL goods; all of them are equally sound "money" and could be traded or even "saved" as wealth until they self-liquidate and mature into the real good itself, which could be re-billed to another if necessary.

The Gold standard meant ONLY gold was money and that gold was controlled by the banks!  Real Bills Doctrine removes control of money from banks and gives it to production.  In fact, you can make a persuasive case that the Gold Standard ITSELF is effectively a FIAT REGIME!  Unless GOLD is denominated in OTHER REAL THINGS, you have a FIAT standard. 

Review the history of the BOE's Sterling Bill and how it was wielded as an imperial tool to create bubbles all over the world (Miss, S. Seas) by inflating and deflating with paper gold via Sterling Bills.  All on an ostensible "gold standard."

Gold cannot exclusively back "money," gold's value exists in terms of ratios with other real goods.

Oct 12, 2010 4:17 PM

you've never had a woman around, have you?

Oct 12, 2010 4:20 PM

when do we get there?

Oct 12, 2011 10:49 AM

Will germany care at this point if the EUR system causes every deposit to flow out of a bankrupt member state and into their nation?

Oct 12, 2011 10:55 AM

yeah...the notion that Iran was going to hire a fucking Mexican drug cartel to assassinate a Saudi diplomat in DC and blow up both theirs and the Israeli embassy?  This is the most absurd thing I've ever heard.  You couldn't get NEAR the Israeli embassy in DC without getting shot driving anything big enough to blow it up.

This is insanity...and Place Holder was ALL OVER IT, probably cracked the motherfuckin case hisself.

Oct 12, 2011 11:12 AM

are you fucking kidding me?  They do whatever they're ordered to do.

If that's hiding evidence on Pat Tillman or lighting up reporters w/ a 20mm chain gun then hiding that, soldiers do what they're told.  If one breaks ranks, they Bradley Manning him.

Oct 12, 2011 11:13 AM

are you stoned?

You think if it depreciates against gold that it WON'T depreciate against oil?

Oil is substantially more important than gold.

Oct 12, 2011 11:33 AM

so if this doesn't happen, are you going to leave ZH or at least refrain from spamming or making any future predictions?

Oct 12, 2011 3:47 PM

good luck collecting on malpractice in those countries as well.

Additionally, catastrophic insurance coverage is available and quite cheap here in the USA.

However, it is not typically offered by employers and it sure as shit doesn't mean Obama's idiotic coverage law that is intended to further cost-shift from his voting base onto the backs of the healthy.

Take a look at obesity, disease, homicide rates for his primary voting bloc.  They will all get even better coverage from you than you are already subsidizing.

There can be health care in these 3rd world places Simon Black seems to fancy because it isn't offered to people with behaviors typical of the people we give freebie trauma surgery and diabetes meds to

Oct 12, 2011 4:43 PM

does the idiot who wrote this article ACTUALLY believe the government could pay the coupon that the retirees seem to believe they're entitled to?

Oh gee, BB bought down the curve, and DROVE UP THE BONDS' price!  The revenue doesn't exist to pay a higher coupon

Oct 12, 2011 4:50 PM

60% of book value?  ROTFL

These banks are FUCKING BANKRUPT.  They HAVE NO BOOK VALUE.  They are trading at infinity times real book value.

Oct 12, 2011 6:16 PM

you guys are wrong, sadly, but you don't know how

Interest rates must be paid by the ECONOMY, which must grow at a rate in excess of the interest rate.

Our economy isn't doing that anymore.  There is no MAGIC that pays you this 6% you think you deserve, ok?

Oct 12, 2011 7:37 AM

fuckin cities got to stop borrowing money...

Oct 13, 2010 12:12 AM

so you are basically a no-good, fuckin thief?

Oct 13, 2010 7:00 PM

better late than never.

Look, if this situation isn't addressed, there aren't gonna be any JOBS left here.

Our debt and consumption picture, you know that one that all you guys rail about daily, is directly driven by this.

Had we addressed the necessary adjustments 30 years ago, we'd be in a better place right now.  YES, the reorientation will be painful, but it is inevitable.  Time to stand up to fucking China.  Let them ponzi someone else's currency.

Oct 13, 2010 7:12 PM

They aren't big anything.

they NEED the system more than anyone does, otherwise their ponzi economy will collapse.

Oct 13, 2010 8:03 AM

there were 7 decades of growth prior to the last Great Wars.

What was the "liquidation"?  Like 1%?

Cut the Chicken Little shit.

Oct 13, 2010 9:02 AM

first reply to the comments:

Gold is NOT MONEY.

Gold is a good just like any other upon which people place value.

A pure gold standard is a fiat regime.  Real Bills are fungible money irrespective of the good that backs the bill.

Too many people have only a superficial understanding of gold's historical function as ultimate liquidator of real bills and came to believe that gold *IS* money in the abstract.

It is not.  There's no persuasive case for gold in lieu of platinum or any of a number of other commodities.  Anything non-perishable sufficies in this regard.

To tie a need for gold to EVERY transaction is a shackle upon commerce.  Let gold serve its function as the last mile, but there is no reason that *all* bills must be gold backed or that there is no room for paper exchange means

Oct 13, 2010 9:04 AM

of course, nothing else will be.  Not cars or housing or food or guns.  Nothing will be stolen except gold.  By gold eating zombies.

 

Oct 13, 2010 9:15 AM

two things.  All stars do not implode.  Gold is a commodity

Oct 13, 2011 2:09 PM

this is the way incompetent executives MAKE bonuses, by cannibalizing the former salaries of lower-level workers

Oct 13, 2011 2:13 PM

you can't wipe a drive...coercivity is so high on those that you will mechanically damage the platters before you actually erase the bits.  You have to melt/burn the things

Oct 13, 2011 2:38 PM

looks like they are trying to jack their sheet up to where the Fed is going

Oct 13, 2011 8:21 AM

China won't let their exchange rate normalize.  This is ENTIRELY their doing.

The response is to tariff them.  It's as simple as that.

Amazing how the people calling for market this, market that seem to imply that the western nations should sit by idly while China steals.

Oct 13, 2011 8:23 AM

take your rayciss label and shove it up your ass

Oct 13, 2011 8:27 AM

somebody needs to carve a swastika into your greasy bald head

Oct 13, 2011 8:31 AM

at some point, enough is enough.  China has been permitted to steal for too long.  It's time for it to stop.

Queen Vicky had more balls than our present "leadership."  She sailed the Royal Navy without hesitation and shoved opium up their asses

Oct 13, 2011 8:53 AM

sell dollars for what?

China has already made overtures to this effect.  They were told by the ECB that they would not provide euros for these dollar assets and the Gulf told them they would not provide oil for the money either.

If China sells against its own currency, it will appreciate against the dollar

Oct 14, 2010 11:42 AM

it's impossible to look at the US compared to other nations without examining our demographics.

Let's look at what we've done in the past 30 or 40 years.  We've relentlessly imported 3rd world demographics and systematically propped up our indigenous 3rd world demographic through programs such as affirmative action, which have devoted resources to those with demonstrably less APTITUDE than others.

So, when 25% of your country is essentially 3rd world, how do you expect to compare to Lichtenstein and shit?  We have demographics in this nation whose violent crime rates are 6-10x that of the majority demographic rate.  This will put a crimp on "life expectancy" as the highest cause of death for young men in one of those demographics is murder.

Yet, our policy profile and the relentless mantra of "multiculturalism" or wtfever it is suggests we should devote more resources to artificially elevating those who have proven unable to cut it, and we should have more immigration to change the demographics of the nation further, because having more 3rd world people and behavior and culture is a "good" thing.

Those in power pushing these agendas want us to be more like Mexico or more like Africa.  They see this "diversity" as strength.  It will somehow make us better.  Well, scoreboard, bitchez; it certainly has NOT by any objective metric in comparison to other nations.  We just keep sliding down the list.  Increasing diversity certainly appears to have failed to improve ANY QoL in any organization on any metric. 

The onus is on the demographic whose dominance LED to the initial high rankings to stand up en masse and retake the helm and discourse.  There may be some eggs broken in cooking this omelette.

Oct 14, 2010 11:52 PM

Tyler, cut the bullshit.

It's time for you to stop pointing the finger at irrelevant parties and start placing the blame SQUARELY where it lies:  with WADDELL & REED.

Oct 14, 2010 11:57 AM

doubled

Oct 14, 2010 12:19 PM

not enough oil for them to grow that large

Oct 14, 2010 12:22 PM

yes but for that same 400 years there's been a banking syndicate dominated by a tribe whose historical claim to fame is the accrual of wealth through financial rackets and usury.

That philosophy appears to have taken over America.

Oct 14, 2010 12:34 PM

this would never work.  Nations would be too likely to print into the basket to get oil.

China can't let its currency appreciate or else there goes its export ponzi economy

Oct 14, 2010 2:01 PM

Solution:  don't buy china.

Get something better-made from elsewhere.  The stuff China makes is mostly cheap shit, no quality whatsoever.

I notice some things, when I listen to people tell me that if shit was made here it would cost a ton more.  My youngest has a bunch of stuffed animals, some made China some made USA.  The prices on them were the same.

I would rather pay 3x as much for a pair of italian shoes that will last 5x as long.

Oct 14, 2010 2:17 PM

the problem is that "trusts" set up to accomodate securitization are the owners of notes.

Trancheholders are not.  This is a big ass can of worms.

Servicers and banks are refusing to foreclose, meaning there is SIGNIFICANT impairment going on in the junior tranches, as they get paid out of cashflow last.

This is going to end up a dogfight between the ownership, which is big pensions, mooch funds, etc., and the banks on the other end who are protecting their "balance sheet" aka, executive bonuses.

Oct 14, 2010 2:35 PM

ANTISEMITE!!!!11

Oct 14, 2010 3:16 PM

the Flynn Effect would seem to dispute that.

Honestly, for anyone who's interested, you can compare ALL of these HDI and QoL metrics, demographic to demographic, from US to Norway or Belgium or any of them and see that we actually tend to outperform them.  The dominant european demographic's violent crime rate here is lower than that in Europe, homicide rate, we tend to have higher educations, higher IQs, etc.

Just break our indices down by demographic and some VERY clear trends emerge.  More diversity is not more strength, it means averaging us toward wherever the demographic came from.  It takes a very long time for nurture to overcome nature, if such a thing is even possible.  There are a variety of scholarly works out there, such as IQ and the Wealth of Nations, that are good starting points.

All this kvetching over America's "decline" proceeds under the absurd and factually wrong assumption that all people have equal traits.  It's a suicidal fantasy world that we inhabit with regard to this.

Oct 14, 2010 3:21 PM

"broadening horizons"??  Is that some kinda diversityspeak?

GW Carver was a historical irrelevancy; most of the things he's popularly credited with were not in fact his inventions.  Part of the myth surrounding him and other things such as the traffic light or gas mask are complete falsehoods intended to promote diversity as a strength.  It's pure historical revisionism to obfuscate the fact that, at best, diversity is utterly irrelevant.

Oct 14, 2010 3:24 PM

Look, dude, we weren't talking about jobs or this other BS, we were comparing QoL and HDI factors.

From that perspective, YES, 3rd world imports who tend to mirror 3rd world behaviors present in their region of origin DO average downward indices such as those pertinent to the OP.

As far as "whose fault" it is, obviously the rulership saw diversity as a strength; I thought I was patently clear when I explained that the first time.  Clearly, they value diversity OVER QoL

Oct 14, 2010 3:31 PM

so is it ok for me to go break into an empty house with my kids and claim it as mine?

Oct 14, 2010 8:09 AM

all I know is a bag of chips is now $4.

I am not seeing any manifestations of deflation

Oct 14, 2010 8:12 AM

Hopin the oil price situation is bein driven by dollar abundance rather than an impending intersection of the production and consumption curves.  If the latter, we're going to be unable to deny Peak again.

Oct 14, 2010 8:20 AM

This is absolutely awesome, no recourse whatsoever for all the pensions and whatnot out there who hold the CDOs.

Just cross your fuckin fingers.  Without the Fed buying these, they are worth $0 by design.  The entire game was a motherfucking gigantic swindle.

Oct 14, 2010 8:23 AM

that's exactly what the fuck they are going to do.

Some of the more astute of us noticed back in the prior administration that the actors were behaving as if there was no tomorrow.

The CDO trusts are engineered to prevent recourse by the ostensible owners.  The Fed has the system by the fucking balls here and so does the political class.  They are the gatekeeper to your bond "investments" having any value whatsoever.

Oct 14, 2011 10:01 AM

let's see...Pittsburgh...rust belt.  Rated one of the best cities to live in.  White population, 90%

Detroit...rust belt.  Most Dangerous City in the US contender every year.  Black population, 90%

You can check down the list of hellholes and you'll see some demographics trends just jump right out at you.  It has nothing to do with "jobs" or anything else and everything to do with demographics.

Oct 14, 2011 10:09 AM

wrong.  They are being made that way by white flight as whites flee the unbearable consequences of BRA.

The SUBURBS around detroit are 90% white and have great living standards and functioning schools.  This same trend is evident all over the US.  Whites were forced to flee urban cores to escape the crime, violence, and incivility of blacks, and to ensure their children aren't forced to go to "school" with a population that lacks the aptitude to graduate greater than 50% of its numbers.

Blacks in schools are immense resource drains.  Once their population rises to a certain point, the school is lost.  It becomes more like a prison at that point, and anyone who has a child that they care about moves to a better district.  This is the unspoken fact even among blacks.  I personally know several who did the same white flight.

Oct 14, 2011 10:11 AM

no, it is because those are the only 2 trades that the primary population seems to be able to engage in, because there is very little left to rob, loot or steal in Detroit.

I was just in that city like 2 years ago.  The RenCen is pretty much the only skyscraper in that skyline that is not completely empty, as in boarded up and vacant.

Oct 14, 2011 10:15 AM

bullshit.

White cities like Portland have been run by liberal democrats since like...19 always.

This has nothing to do with liberalism.

Oct 14, 2011 10:16 AM

again, WRONG.

Norway has had decades of liberal policies.  Portland, OR has.

This has nothing to do with politics and everything to do with race.  The lengths you guys will go to to ignore the obvious....

Oct 14, 2011 11:24 AM

the Cold War red threat from the Russians was so laughable...to pump China up as an existential threat for eventual war will be that much harder.

Their military and technology base is actually quite pathetic.  Potemkin country, Potemkin military.  No difference.  Shit just falls apart because everybody up and down the supply chain is a thief.

Oct 14, 2011 12:27 PM

I dunno why you would think that is bad.

EVERY study of societies shows that integrated and diverse ones are LESS pleasant, livable, etc., than the opposite.

Diversity is a BURDEN, not a benefit.  Breaking down along racial lines would give the people who want to live in peace and civilization somewhere to go.

I don't have any idea why you even THINK the thought that it is bad to avoid diversity...wtf are you gonna buy the world a fucking Coke next?  All genomes are not the same.  I shudder at the thought that the race that invented EVERYTHING should be thinking it should mix with failed races that accomplished next to nothing.  That is effing absurd.

Go let your pedigree bitch mate with all the stray mutts in the neighborhood?  Yes, yes, I know that after reading that, white people are salivating at a bell and revulsing with the notion that genetics and biology have anything to do with humans.  They are petrified to even read hate facts like this that suggest that everything they hold dear about diversity is WRONG and in fact, we humans really can reinforce traits like intelligence and how tall parents have tall kids.

The entire industry that has convinced you that it is wrong to not have diversity is itself avoiding diversity.  They want YOUR offspring to include suboptimal genes, not theirs.  Think about why that might be and the type of structural power shift that might lead to when THEY are practicing effective eugenics with their daughters and you are encouraging yours to bear the offspring of criminals with low IQs.

Oct 14, 2011 12:32 PM

"white people"?

Most white people hail from ancestors that were themselves slaves.  Don't bitch about slavery to anybody Irish.  Nobody gives them a month over their diaspora, nor a museum for their Holocaust.

The fact is that while blacks in the US are descended from slaves, the vast majority of white people had nothing to do with slavery.  And even if they DID, blacks here have it so much better than anywhere else, that THEY OWE REPARATIONS for having been brought here.  Nevermind the tens of thousands of rapes and homicides they commit every year and the trillions poured into futile attempts to educate them.

White people keep blacks ALIVE; Africa would have half its present population without white food aid.

Oct 14, 2011 12:36 PM

who cares WHY minorities move in; what matters is that once they DO, everything gets fucking DESTROYED as surely as night follows day.

EVERYONE in any kind of outdoor job, cable installer, trash collector, cabbie KNOWS THIS.  It is the most OBVIOUS "secret" in existence, so obvious that only idiot DWLs can pretend to ignore it.

There is no such thing as ingrained racial prejudice.  What is ingrained in races is something far worse than that- fundamentally different aptitudes and evolutionary biology.

Oct 14, 2011 12:42 PM

NASA used to be the Right Stuff.

Then came diversity and groupthink and consensus.  We're incapable of doing anything now.

Oct 14, 2011 12:43 PM

we had 30,000, so yes.

There was no need for all the tanks, ships, planes, Star Wars and the rest of the cold war buildup.

All those bombers were fucking useless, yet we built 1000s.  All we needed to do was build our own nukes...

Oct 14, 2011 7:55 PM

synthetic tradeable RMBS index that references prime mortgages...not a huge product in terms of notional outstanding.  Nothingburger IMO

Oct 14, 2011 8:00 PM

this is at least one theory, yes.  That prime RMBS, like FICOs > 730 or something, are starting to blow up.  If that is actually the case, then hell breaks loose because these underpin the senior tranches that are the only things left holding any value in the CDO binge.  The CDS counterparties would have sold protection very cheap because these tranches were expected to hold up until short of apocalypse.

Oct 14, 2011 9:08 PM

...or low values of 7

Oct 15, 2010 1:23 PM

been havin this gd argument forever.

Who CARES about the monetarist definition of deflation?  Credit WILL continue to contract.  However, if Ben prints the coupon and the par too, aggregate money unbacked by credit will increase.

PRICES will rise but credit metrics contract.  The problem is that idiots who think that deflation is a lock (it is) believe this implies that prices will fall!  So they make a mistake and hold FRNs.  Prices won't fall.

They will for some things for which credit is a significant component of price.  There is massive industrial overcapacity, so while liquidation runs, prices will seem attractive.  At some point, though, you CANNOT cheat the price of oil.  If it takes one barrel of oil to make something, it cannot be sold for less than $82 right now.  Period.

Lack of demand does not affect cost of production.  This is what most deflationists (the precious FRN crowd) fail to grasp.  At the end of the inventory liquidation phase looms a gigantic reset upward in prices.

Oct 15, 2010 11:36 AM

oh and these guys want the fucking yuan in the oil basket and they want the yuan tied to the euro?  They really want the CCP buying the euro?

Don't do business with China, it's as simple as that.  They are not and have never been a trading partner.

As for the OP, China is ALREADY manipulating its currency and has been for decades.  That's the goddamned problem.

Oct 15, 2010 11:44 AM

Nobody has a choice when faced with a predatory nation with a currency ponzi like China.

China has been relentlessly devaluing for decades.  Only now does it finally pose a grave threat.  I mean, the US...we have no fucking industry left.  We let Japan do this shit now China.  Our factories have closed, the industry is gone, oh but the executives are rich.

The morons who pushed this had to have the credit bubble to maintain consumption rates.  Without that, our economy would have renormalized, the trade balance, the FX, etc., LONG ago.

But NOOOO...China recycled into USTs, permitting continued debt growth so that they could keep their currency artificially cheap.  Now, we have a massive workforce that cannot afford the products because they're not paid well enough.  The opposite of the Henry Ford maxim.

Without the debt bubble game, none of this would have happened.  The US would have seen inflation and it would have become cost effective to onshore production long before we lost basically EVERY productive endeavor.

Oh, and China's growth rate would have inflected LONG ago as well.  But they can't stand that.  I mean, China really believes it is the "Middle Kingdom" as in the center of all existence.  Just look at their olympics, look how they deal with criticism, look at how they talk.  China is itching for a fight to be king of the hill.  Some type of war here is inevitable.

Oct 15, 2010 12:04 AM

I think you have that backwards.  Like totally.

Oct 15, 2010 12:07 AM

deflation = bad for banks.  bad for government.

bad for biggest fish.  Deflation good for pretty much nobody.  Corporations exist on leverage too, there goes the jobs.

 

Oct 15, 2010 12:22 PM

china's been doing this for fucking decades.

We wouldn't have to print if the normal market forces had been acting on our currency for the last 30 years

Oct 15, 2010 4:27 PM

Violent selloff?  What shit is this guy on?

The Fed would buy futures.

Oct 15, 2010 4:59 PM

Wrong as hell.

the best hope is to repudiate the debt.  It mathematically CANNOT be paid back!

Today's debts cannot be repaid plus interest except by MORE debt tomorrow!  It is absolutely critical to understand this.

Oct 15, 2010 8:56 AM

gold is selling this "news"...vertical $10+ drop

Oct 15, 2010 9:13 AM

now an $18 drop...let's see where the support is

Oct 15, 2010 9:14 AM

what exports?

Oct 15, 2010 9:28 AM

So long as the Fed was extracting profit via the banking system, so long as banking ITSELF in the aggregate is profitable, there will always tend to be inflation as yields are chased.

That's the nature of a credit money system.  In fact, as profitability wanes, and leverage is used to make up the difference, inflation in credit should accelerate.  I mean, it's really the nature of the beast.  Exponential curves work this way

Oct 15, 2010 9:33 AM

not if they hand out free money to buy it.  Then it just means gold old fashioned raw inflation.

The real problem that everyone should grasp is that organic credit demand is declining because the profitability of net new economic "activity" has gone negative.

There's no future for credit money in this climate.  The interest ON the money begins to eat the money supply.  Japan went through this when their economy peaked out in the late 80s.  So, in order to prevent their money supply from collapsing, they have to essentially forgive certain debts.  This is what QE is.

GD2 is not a matter of money.  And...higher energy costs are coming as a function of the Oil Peak.  These higher costs' having worked their way through the production chain are what have driven aggregate profitability negative.

Oct 15, 2010 9:39 AM

Your GPs are trying to live the ponzi life where they can have money make money on money.

compound interest is an evil that has led us to where we are.

Sorry for your GPs but there is nobody willing to borrow their money at 6%.  This is going to be a huge shock going forward, that your money can at best earn simple interest, and that you only have saved what you have saved.

Recalculate your retirement at 0% interest because if nobody wants to borrow your money at anything higher, that is what you will receive.  All this backward-looking bullshit about how if you can earn 8% you only need to put your money "to work" for a long time and you'll be rich...that is over now.

Oct 15, 2010 9:47 AM

Douchinger's been beating this fuckin drum FOREVER.

WTF does HE suggest?  Fucking FRNs?  Has it not occurred to him that the government will tax ANYthing and EVERYthing?

INCLUDING your precious "productive land" or whatever fucking compound these madmaxers like him think they can hole up in?  Hell, the gd govt can decide to tax you on POSSESSION of things, including AMMO and GUNS.  We already have a CAR tax in VA.

All the government has to do is pass ONE law requiring national gun registration and then they can issue you a TAX BILL on however many guns you own!  Then, who is the bitch, wtf is Douchinger going to do?  Run around with illegal guns?  Who the fuck can he trade with?

He has a fetish with "the law" as he feels it should be applied; I guess it's never occurred to him that the lawmakers might have a different conceptualization.  I love how he puts up the strawman of taxation to "refute" gold's utility, while assuming no taxation on any of his favorite safety asset classes.  Moronic.

Oct 15, 2011 11:02 PM

same dalai lama that goes to western hospitals for medical care, right?

Oct 15, 2011 11:12 PM

you people make me laugh.

If you live around civilized people, you won't have a problem.  You've been so misled by the race hustling machinery that attempts to convince you that people like you will behave like blacks do when the strictures of societal order imposed on them are lifted.

Japan has been through many disasters and yet nobody has rampaged like a fucking zombie horde.  Blacks do that shit.  How many disasters, floods, hurricanes, quakes, fires, have occasioned whites since and before Katrina, yet THAT ONE disaster in that ONE place was all you seem to think occupies the realm of the possible.

People who stockpile guns are idiots.  That is not to say that you should not own firearms, but stockpiling them is absurd.

Oct 15, 2011 11:13 PM

why would all these things go dark?  They sure as shit didn't in Iceland.  I was just there...lights and iPhones are still on, dude.  Even in Argentina, too.

Oct 15, 2011 9:02 PM

the article is self-serving garbage, pure hubris.

It is the height of man's arrogance to think that he and his stupid "morals" and beliefs dictate physical reality.  Things collapse because they can no longer grow.

Oct 16, 2010 1:19 PM

all this kvetching about the banks being bankrupt is so much BS.

They can't be bankrupt bc they lent no real capital.  Their balance sheets can be restored because these are merely accounting ledgers.  Just write in a bigger number on the left side, shit.

The notion of bank insolvency comes from a bygone era where they actually lent something real that they actually possessed.  The whole system runs on pure confidence.

Oct 16, 2010 11:24 AM

China doesn't have the military capability to mount  naval invasion of Hong Kong, much less the middle East.

They'll tire of Ben's inflation of their economy?  WTF do you think their 30 years' worth of currency manipulation through the dollar peg have done??!?!?

Oct 16, 2010 11:26 AM

HUH?  WTF...China can face reality?

this is a nation that has a 30-year history of currency and export ponzi and who is building totally EMPTY cities just for the sake of building something!

They are even MORE disconnected from reality than anyone.

Oct 16, 2010 11:29 AM

Huh?

The problem is that china is wantonly POLLUTING all their water.

Oct 16, 2010 11:37 AM

The statement is complete bullshit.

Let them break their peg and float the CNY if they don't need the dollar

Oct 16, 2010 12:12 PM

This is potentially the dumbest post ever.

Oct 16, 2010 12:14 PM

I think opium is the answer

Oct 16, 2010 12:37 PM

I used to argue this point over on Douchinger's site...I said in a contest between the king and the goldsmiths, bet on the king.

There are some exceptions, where the bankers financed the overthrow and execution of Charles, for example.

The government has the tanks and the military follows orders.  The bankers have an accounting ledger.

However, in the 1900s, the government showed itself willing to sign itself and its people over.  Throughout latin america, the same has happened again and again.  This particular government will kowtow to banksters because there is personal gain in it.  However, when things get bad enough, a Hitler or Putin or Chavez rolls in and absolutely slaughters these people.  Either way, there's nothin in it for the little guys.

Oct 16, 2011 12:22 AM

Funny how everyone else does the same fucking thing.

Racism is a canard and a fiction; a con.  If the races were equal, there'd have been no racism.

Oct 16, 2011 12:25 AM

Nonsense...complete non sequitur.

Racism is irrelevant.

Oct 16, 2011 12:31 AM

So how does INDIA have a fuckin space program?

White people are responsible for the affairs of Africans now?  In perpetuity, I'm sure.

There are mines in Australia, btw, and oil in Norway.  Why the fuck is it that those damned white people just seem to be able to create civilizations in places where the natives have failed?

White colonial powers would have civilized africa, and that's precisely what they did.  The apartheid african states were the most prosperous and advanced on the continent.

Oct 16, 2011 8:11 PM

nonsense, bitchez

Oct 16, 2011 8:49 PM

and yet you don't know the difference between your and you're...jfc

Oct 16, 2011 9:38 PM

not even...the top 1% either of income or wealth isn't really that lofty.

I've been in the top 1% of earners on several occasions and I don't have any congressmen at my beck and call; I can't phone Obama like the Saint of Omaha can.  There's a TITANIC difference between the power of individuals and that of large corporations.  Those are like gigantic mechwarrior suits operated by their executives.

Oct 16, 2011 9:39 PM

the system is a ponzi of growth.  There is no opportunity in the aggregate for generations now to expect upward mobility.  Things are contracting, not growing.

Oct 17, 2010 12:08 PM

capital goods?  Well, top end medical diagnostic equipment for one.  Top shelf weapons.  At the bleeding edge of technology, we are still #1, though the shit is expensive and not terrifically relevant to the average 2nd world man on the street.

Oct 17, 2010 12:16 PM

the Ends do not justify the Means

Oct 17, 2010 12:47 PM

let's see here...if you get a free house because nobody has the right to foreclose, how long do people think this jig will dance until the IRS gets involved?  They don't need no fucking foreclosures to take your house.  You will not reenter when the Party puts the notice sheet on the door.

Tax liens trump anything and will pave a road to clear title.

Oct 17, 2010 6:35 PM

All a bunch of nonsensical bullshit talk.

Let's imagine for a second, arguendo, that Oil production has peaked.  Everything we're seeing now would be what we should be seeing as a result.

And there IS NO MONETARY FIX.  Paper does not cause oil.  You can't PRINT oil.

We will see sustained global recession, malaise, unrest, declining wealth, etc.  So enough bullshit about how we can eliminate the Fed and the whole problem will go away.  There is no monetary solution to a problem of the real.

Let's say you're locked in a vault running out of Oxygen and someone offers you 0% interest or how about free money to stop breathing?  Will it work?

Everyone needs to lay down the hopium pipe and get their heads around what's really happening and that there is no freakin bandaid that can be slapped on this.

Oct 17, 2011 1:04 PM

So what?

The system was better than Morpheus's cause.  Scurrying around like rats in a cave eating gruel.  Oh, right, he was black, so we can't question his words.

What the fuck reality do you guys imagine is so greener grass outside of this system?

Oct 17, 2011 1:06 PM

yeah, there are those of us who can put a spectacular game or two together but this guy is grinding out champagne over a whole career.

Oct 17, 2011 1:11 PM

he's black...so this gives ALL the people who didn't vote for Obama the chance to prove to the invisible audience that they, too are not rayciss.

Oct 17, 2011 12:56 PM

gandhi was an idiot...sometimes they fight you and brutally destroy you.  You do not WIN by the fact that the other side resorts to violence, and his independence movement was accomplished SOLELY because Britain had no capacity to fight.  There were a rash of countries that got independence without any struggle in that period.

Oct 17, 2011 2:38 PM

Here's to hoping GS loses eleventy dollars per share

Oct 17, 2011 3:11 PM

i been keepin her busy

Oct 17, 2011 3:14 PM

build more MLK memorials

Oct 17, 2011 8:01 PM

ZOMG, RP has ONLY WHITE PEOPLE standing behind me.  Fuckin rayciss

Oct 17, 2011 9:04 AM

C didn't make any money...who is shocked by this?

At least they didn't lose eleventy billion like past quarters.  There isn't going to be profit growth in the aggregate going forward...we're not in the Age of Growth any longer

Oct 17, 2011 9:07 AM

another boondoggle on the Mall, and of course "mistakes were made" but nobody is actually culpable.  Everyone was just "doing their job" and "following orders," just like Wall Street.

Why isn't the MLK memorial 556' tall?  He is literally the most significant person who ever existed, as he invented dreaming.  We need more streets, buildings, memorials for MLK.  And at least 2 or 3 more holidays.

Oct 17, 2011 9:14 AM

if you think the markets HERE are bad, just take a look at the Chinese.  Why the hell do you people think the Chinese are honest?  LOL. 

The yuan a reserve currency?  HAHHAHAHAHA...there's nobody who would or should trust that toilet paper at the rate China is stuffed with bad loans and bogus debt, nevermind the capital investment behind that paper, buildings that fall down, airplanes that crash, and highspeed rail that is stolen, cloned, then turned into a complete loss.

Oct 17, 2011 9:16 AM

you predicted an all-out crash for today as dictated by the stars and shit...have the planets realigned?

Oct 18, 2010 1:55 PM

more funny money bullshit...

Oct 18, 2010 10:38 AM

This is what I've been saying it is:  there is an emergent collective point of recognition that promises need to be exchanged forthwith for something real as promises about a future of growth are being discounted in the face of what the more astute are coming to recognize.  The future does not hold growth.

There is, as the previous poster wrote, a mad dash now to try to capture a larger share of a dwindling global demand pie.  There is a parallel effort by many nations to shore up their real asset position.

We're seeing a global decline in the moneyness of debt-backed assets.  Nations with stronger resource positions are avoiding this for now.  Their national wealth as far as resources go is what is backstopping stronger currencies (BRL, CAD, AUD).  Nations without such endowments have either production or real assets.  The currency attacks are coming, bank on that.

Eventually, it will lead to real war.  There is much talk about how China should dump USTs or some other aggressive action to destabilize the dollar.  What if the US withholds food from China and starts starving them?  Or we blockade their oil inputs like we did Japan in the 30s?  This very quickly leads to shooting.

Oct 18, 2010 10:41 PM

no, they aren't.

Oct 18, 2010 10:42 PM

India will buy it.  Either them or maybe Brazil.

Oct 18, 2010 10:52 PM

this is the type of shit I am in, a lotta MLPs and whatnot too.  Lookin for yield more than CGs

Oct 18, 2010 10:58 PM

It's exactly this type of idiotic shit that has put us in this situation to begin with.

There is no free lunch, dude...you want a sandwich, a POMO won't cut it, you have to make one.  That requires real bread and real meat.

Fucking TRANSACTIONAL GDP is a goddamned joke as is all your crap about monetary "velocity" somehow being equivalent to REAL production!  Listen to what you are saying, you think two accounts trading $1M back and forth 1T times is an economy?  The velocity of money is IRRELEVANT.  The world does not orbit around monetarism and it is a THOROUGHLY flawed doctrine!

Japan has not had a "lost decade," LOOK at their government debt!  They've been spending all along like drunken sailors

Oct 18, 2010 11:09 PM

Who gives a shit??

The CENTER can NO LONGER HOLD.

It's either the fuckin bitch ass world ACCEPTS the collapse of the US consumer and accedes to a normalization of trade flows or they FUCK OFF. 

We CANNOT repay the debts, do they fucking GET THIS?  We also CANNOT continue to suffer their mercantilist ponzi currency bullshit.  If we CANNOT repay the debts, it is sure as shit not time to rack up more.  The entire EM world is developing on the back of debt they bitch about our not paying but they bitch even worse if we won't borrow it.

If we STOP the debts, their stupid debtbubble economies collapse.  If we debase, they whine about that too.  The world is full of bitches.

The specific INTENT of the mercantilist ponzis of Japan and China was to take our production capacity.  Ok, DONE.  Now what?  We can no longer produce enough to pay for the goddamned goods and neither of these two stupid idiot nations wishes to let US actually sell anything in THEIR markets.

Brazil, China, India, ALL REFUSE to allow trade flows to normalize.  So, screw the whole lot of them.

Oct 18, 2010 11:26 PM

gawd, I am sick of hearing this blame US first crap on the dollar.

They HAVE been engaging in currency "war" for decades!  China and many other nations effect de facto or explicit PEGS to the damned dollar to ensure that their currency does not appreciate when it SHOULD due to trade imbalances.

The whining from all the BRICs except Russia is hypocritical and laughable in the extreme.

Oct 18, 2010 2:36 PM

Ilsa and Brian didn't understand that HAMP is not for them - they are the WRONG COLOR.

As far as the "rule of law," the goddamned laws are now written by the CORRUPT.  A law written by a crook has no force and effect.

Look at Mozillo - he pays a little fine and walks away.  Even if he paid 3/4 of his net worth, he is still an exceedingly rich man.

Oct 18, 2010 3:23 PM

translation:  no brokerage fees boo hoo

Oct 18, 2010 4:16 PM

wake up and smell the coffee:  Obama does not give so much as a shit about salt-of-the-earth, middle class, apple pie & mom, white people.  Not one tiny bit.

Neither he nor anyone around him.

Oct 18, 2010 4:19 PM

ever see They Live?

Roddy had to beat that negro DAYOWN to get him to put the glasses on. You would have to drag people kicking and fucking screaming to the truth and they'd kill you for it.

Oct 18, 2010 4:30 PM

GO MERKEL.

Wonder when we might expect OUR President to say something like that?  Maybe a quarter to NEVER?

Multiculturalism is a TOTAL failure.  Diversity is WORTHLESS.

It is all nothing more than the devisive-speak of the power elite in this country, among the media and financiers.

Oct 18, 2010 4:39 PM

I CAN.

Because neither they nor their stupid, ridiculous, sick CULTURES was capable of producing the type of life they say they want and yet then then try to IMPOSE that dysfunctional culture onto their new home country.

I applaud the Germans.  If you BEHAVE WELL, they have no problem with you.  ACT GERMAN, you are IN FUCKING GERMANY.

Meanwhile these immigrants' nations of origin make no toleration for the ways of foreigners.  Go into muslimia without your headdress or a beard and see how much they value your culture.

Oct 18, 2010 5:47 PM

iWTF

Oct 18, 2010 9:37 PM

no, guys...this is a GREAT video.

Reason I say that is because it gives FANTASTIC ADVICE.

Look at the Youtube embed right there.  Don't click it.  Just look at it and read it.  It says "STOP TRADING."  That's the best gd'd advice Jim Crammer could have ever given anyone.  Stop trading, GTFO of the market.  Fuck the whole enterprise bc it's all bullshit.

Oct 18, 2011 1:41 PM

richmond demographics....hmmm

Oct 18, 2011 12:12 AM

africans won't work...why you suppose their continent is so fucked up?

Oct 19, 2010 1:31 PM

only if you're not high enough up in the Party hierarchy.  If you are, someone else gets executed for you

Oct 19, 2010 10:48 PM

Yeah, we do.

This weapon has never been proven to work.

China can't field ANY other competent weapons system, can't build their own fighter plane, fighter engine, or even a civilian airliner without TOTALLY ripping off verbatim from another country, but they have a magical kill missile that will sink a carrier?  GTFO

LOLZ.  It's all HYPE just like their sub fleet, intended to get Amuricans all riled up to approve more defense whizbang spending.

Oct 19, 2010 11:08 AM

you do that and they will make a whole deck of cards just with your face on all of them

Oct 19, 2010 11:12 AM

I see this all the time in various organizations.  There is systemic incompetence.  The truth is not the object of the organization; it has its own goals.

Eventually, the "answer" is a Strong Man who kills dissenters.  The Strong Men who make right choices survive; those who don't, end up in Berlin eating cyanide and bullets for a last meal.

I mean, look at the USA and its delusions.  We value things which have no value because we insist that they do.  Some of the policies which are accepted as gospel are patently idiotic.  Nobody at any level will stand up for the truth.  Try it at a public school...neither the teachers, nor VP, nor Principal will defend the policies they enforce.  Neither would the school board.  Yet the system continues to grind with them.

Oct 19, 2010 11:20 PM

don't cite garbage.

The foundational "equation" of monetarism, MV=PT is FOUR dimensionless and unmeasurable "variables".  IOW, it's total fucking garbage and should be laughed at by anyone with a basic math education.

We're not facing a monetary problem

Oct 19, 2010 11:21 AM

we're in the business of electing and promoting those natives because we value diversity more than oxygen

Oct 19, 2010 11:29 AM

All you can ever see is sinister conspiracy involving 1000s or 10s of 1000s.

Look, you need to be brighter than this.

YES, they are FOOLS, FANATICS, and FASCISTS.  You don't understand HOW delusional powerful people can be, do you?

Right up to the END, Hitler believed the War could be won...watch the scene in Downfall!  He blamed everyone else!  When we reading the history books see very EASILY that it was over with by 1943 for him.  He and his leadership DELUSIONALLY persisted in belief in a particular course of action.  This is why they tried to assassinate him for god's sake.

And this shit happens HERE, look at Busch or Obamma or Raygun...any of them.  The TOP is an echo chamber that is unimaginable.  You don't get promoted speaking Truth to Power, bud.  You get there by kissing asses and going with the flow.

The incompetence is SYSTEMIC.  I have friends who are in these sorts of circles and who say curious things like "truth is not the objective of the system."  The people at the top are FOOLS.

Dick Flud, Tangelo, ANY of them...the Congress.  Listen to them speak.  They clearly EARNESTLY believe the utter bullshit that they say.  The entire American Narrative is a self-delusion, the zionist myths are among the worst narrative self-delusions and are almost thoroughly shared by an entire ethnic group all over the world.  Examples of willful denial, delusion, self-dishonesty, echo chamberism, and systemic incompetence ABOUND, whereas sinister megaconspiracies do not.

Oct 19, 2010 11:59 AM

You're wrong, Mscreant is right.

Concert of action by likeminded actors is commonly mistaken for conspiracy.

There is no conspiracy.  You don't get to the top without being an asskisser who does what makes your boss happy.  And, along the way, you get highly arrogant as you start to accumulate your OWN legion of asskissing minions.

Surely, they told Dick Flud that Lehman was in GREAT shape, nothing could go wrong.  And he believed it because he chose to ignore hard facts.  And, nobody had the balls or more importanly, *inclination* to tell him the truth because he GOT RID OF all the truth tellers on his way to the top because telling the truth is bad for your job security.  Everyone knows this.

The truth is often the opposite of what people wish to be the case.  And, when they have the power, they get rid of those who make them unhappy in this way.  Delusional leaders like Bama are surrounded by legions of yesmen.

Systemic incompetence is a matter of Evolutionary Law.  It's very important to understand this point and it is something I've expounded upon many times.  Gresham's Law flows from Evolution and it operates also on THOUGHT and memes within a system.

ALL that is required for a trait to reinforce is for selective pressure to be placed in its favor.  Nothing else.

There are entire masses of people who believe things which are simply, factually, obviously UNtrue.  How is this possible?  Because a tendency of people is to rid themselves of dissent.  Sprinkle in a heavy dose of the Downing Effect and you find yourself exactly where we are.

Evolution is a powerful maxim; everyone would be wise to understand its ramifications because it explains almost all that we see.

Oct 19, 2010 12:07 PM

Agree with you 100%, and this is what I am saying above.

the System got the way it did as a result of selective pressure which selected not for competence but for personality compatibility with those applying it.

This is a very easy thought experiment:  imagine a boss who, every month, gets rid of someone who tells him something he doesn't like to hear, even if it is true.  It is easy to see that this evolutionary pressure on the organization will eventually lead to systemic incompetence.

If you talk to actors within this organization you will see Gresham's Law operating on what they think, represent, and believe.  It's as simple as how poisonous animals have red colors on them and why other animals avoid animals with red color on them or why mammals ordinarily fear snakes.  Those animals that were not born with an innate fear of snakes tended to have significantly lower offspring survival rates than those who ran, thus they did not pass on their genes at parity.  Consequently, fear traits came to dominate.

Everything IS the way it is because of evolution.

Oct 19, 2010 12:14 PM

well, we need to abandon a 400-year growth paradigm to get there.  This will require hard, rational choices.

Not a lot of rationality appearing to threaten to break out, not so far as I see anyhow.  Brave New World is the template for how a steady-state society might function, and they call it a dystopia.  The Savage was the fool; I've come to realize that.

Oct 19, 2010 12:17 PM

how do we know he was actually shooting with intent to hit the Pentagon?

Let's wait for some facts before INFERRING what we might like to be the case.

Oct 19, 2010 12:32 PM

how do you feel about 2+2?

I mean they call cripples "differently abled" now.  And girls that are ugly are just differently beautied.  People who are stupid are differently intelligented.

We are ALL unique!!!  Just like everybody else.

Oct 19, 2010 12:49 PM

there was a farmer, had a dog...

Gresham's Law in full effect.  Counterfeit thought is cheaper than real thought.

Oct 19, 2010 12:55 PM

but...but...then gramma would be out in the streets when she could no longer work just like all grammas in history before Social SECURITY.

Oct 19, 2010 6:05 PM

this is hilarious...where the hell are the fiatsco FRNs going to come from to paper over this gigantic black hole other than the FRBNY?

Oct 19, 2010 6:55 PM

Idiots like you should not speak.

Dump them for WHAT?  You can't just DUMP sovereign UST holdings

Oct 19, 2010 6:56 PM

Give China credit for the same thing that made RSA a gold powerhouse...HAHAHAHAHAHA, you mean a total ACCIDENT of geography?

Oct 19, 2010 7:00 PM

Boy, this thread has sure pulled out the idiots.

China shuts off rare earths??  LOL

We should shut off their oil.  And their food.  They're not an autarky either, the slope morons.

Review what happened in 1973 when the Arabs had their brilliant idea. WE control the earth's oil supplies because we own the oceans.  If we so choose, nothing comes IN or OUT of that stupid nation.  They can EAT and BURN their rare earths.

Oct 19, 2010 8:02 AM

BRICs will find out how soft real demand is for their shit without the debt inflation bubble from the dollar regime.

The truth is that no ruler and no banker wants sound money.  I expect war by 2015. 

Oct 19, 2010 8:04 AM

Brazil is like a Germany lite...they have been through 3 or 4 currencies in the past 30 years.

Oct 19, 2010 8:06 AM

Gold takes a $15 vertical drop...

Oct 19, 2010 8:12 AM

I wish everyone would stop stressing over the "solvency" of the banks' balance sheets.

So it says they are negative a few billion or tens of billions of fiatscos; so what?  This is like a math problem where you can just make the equation work by plugging whatever you want on the other side, kind of like monetarism.

There is nothing REAL behind these numbers; they're just paper confidence units.  That is what this crisis is exposing, the transparency/incorporeality of our money.  For the past 40 years, we could pretend that it was sound and it was based on "the future" and right around the corner, we would make good on all the borrowing by subrogating real things in place of the debts.  Now, all pretenses are off.  So BAC operates with "negative" capital.  They never HAD any real capital to BEGIN WITH.  All ANY of these financial entities has is a balance sheet, where someone marks one pretend number in one column and another pretend number in another.

All any of the people care about is whether those units of account fetch them real yachts and real pussies and real gold toilets.  The game plays on for as long as that works.

Oct 19, 2010 8:13 AM

i'm not exactly freaking out over it.

woulda been nice to have a SLV or IAG short on tho...

Oct 19, 2010 8:16 AM

what the fuck does the benchmark China rate have to do with ANYTHING?

ALL material credit origination there is done by STATE BANKS.  The interest rate, nominal profitability, EVERYthing, is IRRELEVANT.

China fucking prints money, simple as that.  So they are now supposedly charging .25% more on money that is lent at a loss from one State entity to another...whoopdie shit.

I marvel that people even care about these numbers and spend their days and lives running all these analyses over what at the lowest level is a confidence racket about how many angels can dance on a pinhead.

Oct 19, 2010 8:20 AM

or...we could just let the trade flows normalize.

But, oh nooooo, that would mean a loss of ponzi overemployment in "exporters" as they see jobs and production migrate back.  They might have to actually start BUYING shit from other nations.

China has been doing this crap since Marco Polo and it always leads to war.  Britain was forced to find something they wanted to balance the silver account deficit...are we really gonna have to go down that road again?

Oct 19, 2011 1:26 PM

he didn't concoct Reinhard- Himmler did.

Indict Hitler (as well as all the other leaders in WW2) for his war crimes against wholly civilian targets.  Leningrad, Stalingrad, Berlin, Dresden, Hiroshima, Nagasaki, Tokyo, etc.

Genocide of an ethnic population is historically unremarkable. 

Oct 19, 2011 1:39 PM

and who comprises the federal reserve board?

You can pretty much leave the words alone

Oct 19, 2011 10:42 AM

we?  I mean, to what group did this constitute a Holy text?  And you should be aware that there IS no direction to lend to people outside the clan at 0%.  In fact, it is interpreted as an affirmative commandment TO lend to them at interest, always.

Oct 19, 2011 10:44 AM

anyone who's been to the developing world knows just how true that is

Oct 19, 2011 11:24 AM

unfortunately for them, this would annihilate their banking sector...and bankers have lobby dollars to bribe with

Oct 19, 2011 11:28 PM

yeah, Tyler, ZOMG, two whole fuckin bucks.

Oct 19, 2011 11:29 AM

neither.  762Nato if you rely on a rifle as your primary weapon.  If you have fire support behind you, such as tanks, m203s, javelins, F16s, and MQ9s and whatnot, sure, an underpowered jammatic carbine like the AR15 will work just fine.

The teams that frequently operate outside the umbrella of this fire support pyramid have uparmed to 7.62N after experiencing the limitations of the lesser calibres.

Oct 19, 2011 11:36 AM

these morons should just ban rain

Oct 19, 2011 11:40 AM

otherwise intelligent people believe we have hundreds of years worth of coal and 300 worth of NG.

Oct 19, 2011 11:55 PM

the central banks control jackshit.  the fiat confetti they push is a voluntary thing.  When it no longer benefits the government to go along with it, they will end the charade.

Oct 19, 2011 12:37 PM

we are smart...we hire failed executives and community organizers for our responsibility positions

Oct 19, 2011 12:47 PM

Hitler promised and delivered.

The hyperinflation was very good to a particular group of people who used it and their connections in banking to come out the other side owning 100% of the country.  Even after years of Hitler's divestitute of their ownership back to Germans, they still held a third of Germany.

People look at Hitler as some kind of monstrous phenomenon, but WTF alternative was there?  An antagonistic group had just destroyed Germany and taken ownership of the country.

Oct 19, 2011 2:35 PM

nobody.

And it's clear what we require is to incorporate more entities that can lever up the debt base even bigger.  There's no natural party or real business that will do that at this point.

So...if the economies turn down and the nations default, hmm...what will that do to the currency?

Oct 19, 2011 2:36 PM

turn your fucking computer off, idiot, so we can stop using that gfd electricity from those nuke plants

Oct 2, 2010 11:07 AM

Do you have ANY idea how TINY a resource 11Bbbl is?

If that produced like similarly-sized surface deposits have, it would produce at best 1/15th of the US's daily current consumption.  If it produced like a deepwater field, it would produce at half that rate.

You oil polyannas really need to STFU and listen.  The oil situation really IS intractable as a matter of the basic mathematics of growth, but nobody wants to hear it.

Oct 2, 2010 11:13 AM

Don't worry, "they" will come up with something that permits unlimited geometric growth. lol

EVERYONE, including Douchinger, accepts as a matter of basic logic that exponential growth cannot continue indefinitely.  They just cannot force themselves to accept that NOW is the time and THIS is the place where the inflection will be.

They are in the bargaining phase, please oh please, let it be 50 years from now after I'm dead.  Why couldn't oil have peaked in 2105!?!?

I've heard a milion times that someone will" just come up with something" to abey the laws of physics.  Needless to say, these are not scientists and engineers that do it, although some otherwise intelligent people claim it.

The real problem here is that ordinary and even above-average people are too stupid to understand the problem, therefore they cannot be convinced that it is serious.  Consequently, no collective action is taken.

Oct 2, 2010 11:33 AM

I would honestly prefer that people stop mingling EROI and Production Peak as if they are fungible.  They aren't.

EROI can be tweaked as tarsands prove, by translating one form of energy for another.

This permits the cornucopians to babble about tarsands and the 250Gbbl they have in reserves and pretend that this will save us. 

"Easy" oil pumps itself.  Secondary and tertiary extraction phases require the input of energy.  So EROI changes materially throughout the lifespan of just one well.

For talking about why RESERVES will not PRODUCE at equivalent rates, EROI is highly material.  For mere discussion of what an Oil Peak is, there is no point whatsoever in bringing EROI up.

What is CRITICALLY important is that EVERYBODY understand what Peak Oil IS and what it is not. 

I've been having this argument now for 7 years and have heard too many times this notion of peak "cheap" oil, where, oh, there won't be a production decline, it will just COST more, but we'll have all the oil we want.  That is where "peak cheap oil" leads people to think.  I've long since lost my patience with people who can't get past the "bargaining" phase of dealing with this crisis.  Those few who got past sheer denial get to bargaining and mostly stay stuck there.

EROI leads people to "cheap oil" bargaining and thinking.  They figure it will just eat more of their income but the SUV will be able to be filled and more SUVs by more people in the future, albeit at a higher price.  That's utter and complete bullshit.

Let those who understand Peak discuss EROI amongst themselves.  There is no point in entertaining the opinions of ignorants.  My style is borne out of that and the fact that this is the internet and talk is very cheap here.

This forum is a classic example of the Downing Effect; those who are knowledgeable about the Peak theory can IMMEDIATELY spot those others who are and also those who are totally ignorant.  Those who do not understand it seem to believe that everyone's opinion is equal.  They figure that if it were true, then they themselves would believe it because, well, golly, they are smart people.  Wrong.

I'm not a teacher here to try to handhold mediocre students to excellence; I recognize after 7 years of this discussion that such a thing was a pipedream.  I am here more like how a coach would talk to other experts.  I've no time to explain the nuances or to train noobs.  You're supposed to show up to practice knowing the playbook, then we can rationally discuss the issues.  You'll note that I am eminently polite to the educated and the knowledgeable.  A good sign that one is ignorant is if I am rude to you.

Oct 2, 2010 11:37 AM

Look bud, if you want to write in Greek, go the fuck for it.

You already shot your shit all outta the water with the initial disclaimer that you are not saying that you believe in peak oil.

Ok, how in the HELL do you expect me to take anything you say about oil seriously after you said that? 

Then, you try to bargain your way into the thing by talking about cheap oil and EROI and I told you to STFU.  The reason I told you to STFU is because there are people around here even stupider than you and you might mislead them.

I'm sorry that your ignorance has been singularly tolerated by the people around you your whole life and that having someone tell you to STFU seems offensive.  It was good and well-meaning advice and you should heed it.

Oct 2, 2010 11:44 AM

"we're all smart" = Downing Effect

A smart person would not say that.  I have almost never told someone they are smart if they really aren't because such a thing is a lie and creates more trouble than it attempts to solve.

It's counterproductive to convince people that they are more capable than they really are.  If they have a confidence problem and you are telling them the truth, then sure, but at the extreme if you told a novice they were capable to go freeclimb a cliff, you could get them killed.

I applaud your humility however; I, too, am here to learn.

Oct 2, 2010 11:45 AM

No, no, and no.

You're wrong about everything except the Fischer-Tropsch and the Chinese.

Oct 2, 2010 12:02 AM

then ur pretty gd stoopid

Oct 2, 2010 12:10 PM

Food?  As petrochem contraction makes food less available, a massive dieoff in populations that get surplus food.  That means Africa.  If I see one more feel-good story on how we're feeding Africans who cannot or will not feed themselves, I'm gonna puke.  There is no nobility in creating a population dieoff; it's like feeding stray cats, eventually, you go from a couple to a couple hundred and all hell breaks loose.  There's no notion of sustainability in anything that anyone does these days.

Housing?  Got no real problem there, except that exurban sprawl living is untenable. 

Medicine?  Hell, we can see where that is going.  Throw in a Helium Peak in 2002 and you have a recipe for high-end diagnostics going even higher-end.

Security?  The government gets the rationed gas.  Police state or at least an attempt at one.

Education?  Already being stewarded for the elites.

Justice?  ROTFL.  See "Argentina"

External security?  Peak Oil makes global, expeditionary war impossible.  That's the one silver lining.  WW3 will be mercifully short and everyone will have to disengage and power down.

The biggest shock I see coming is in self-obsessed western populations.  It's going to be one hell of an adjustment to trifling concerns about "racism" and other stupid social wedge issues to basics such as how often is the power on or whether the car can be tanked up.

The worst reaction people can have is to up the birth rate into the face of this.  We need a dramatic drawdown both in per capita consumption as well as aggregate population.  And this process should NOT be egalitarian in any way.  We either take control of Bartlett's righthand side or we face the prospect that nature WILL do it for us and we will not like the outcome.

The biggest obstacle I see is a complete lack of intelligence and rational thought among people with a vote.  I see this EVERYWHERE I am, in the meetings I attend at work, in society at large.  When we discuss things I have no knowledge of, I state that I am agnostic and I defer to others.  On the flipside, when others face their ignorance on a topic, they throw far MORE than their .02 worth in to attempt to conceal their incompetence.

Oct 2, 2010 12:16 PM

lol

This is the conundrum with "sustainability," that of replacement parts in complex systems.

You need to have shit you can fabricate replacements for if you are off the grid.  Solar is INCREDIBLY complex and can only really work in a society full of really smart people.  Same with wind; these are complex machines requiring a lot of engineering, thought, very advanced materials.  A lot harder than Rankine-cycle coal plants.

Shit like this works in Denmark, Norway, Iceland, etc...the "high tech" energy.  In societies with politically incorrect demographics and high IQs. 

We've no hope of that here.  A nation like mexico has a 0% chance of supporting a sufficiently robust semiconductor industry to support solar power.

Oct 2, 2010 12:18 AM

People.  There is NO SUCH GODDAMNED THING AS PEAK "CHEAP" OIL.

Oct 2, 2010 12:19 PM

Solar is deus ex machina.

There are panels with vastly higher efficiencies than current commercial models, but they only exist on Mars.  Literally, they are on the rovers up there and cost $1M a sq foot or something.

Also, solar doesn't solve the growth problem unless it will get sunnier.

We have to solve the GROWTH problem; everything else is secondary.  We are trying to perpetuate geometric expansion and it cannot be done.  We have Princeton Ph.D.s who seem to think it can.

Oct 2, 2010 12:22 PM

Look, moron, didn't you get your ass bitchslapped bad enough on the LAST Peak Oil topic?

GFD, to ALL THE PEOPLE here who say I am abrasive or that I would be more effective if I softened up, HERE is your case-in-point.

This guy, tmosly, came on the last PO thread spouting the SAME shit as now.  Abiotic oil, no peak.  He thinks if he repeats it enough times, it will become true.

How the hell am I supposed to stay patient when the same idiots won't listen over and over and over again?  I may as very well just say "STFU, STUPID."

TM, YOU are a fuckin parrot.  You don't even grasp how abiotic oil does not solve the Peak problem.  So, as I am wont to say, S T F U

Oct 2, 2010 12:26 PM

Dude, I have explained probably 50 times what Peak is.

Including to YOU.  On the Last Peak Topic.

And yet, HERE YOU ARE, saying the same ignorant crap AGAIN.

How do you expect me to not just simply laugh at you?

And, btw, I'm not upset...I'm simply stating fact.  People like you and the other guy, who do not understand Peak, should not comment on it.  You should be LISTENING, not speaking.

The next PO topic, you will no doubt be back with "abiotic oil, no peak," and the rest of it, and I will again hear from you how oh boohoo your vagina hurts because I am so abrasive.

Oct 2, 2010 12:32 PM

this is another thing I've written about here...the speed of collapse won't be what you think.

see, we read history books about Roman collapse; do you recall that it took literally centuries?  Yet we read the paragraph about it in a minute and think it was some kind of poof.

The shit IS hitting the fan, but the fan is rotating rather slowly.  That's all.  Expecting to wake up one day to the sun rising in the West is a bit unrealistic.  Things don't play out like that.

Even Weimar was over the course of YEARS.  We can read about it in a minute but the reality is that history took a lot longer to play out than it takes to read about on a Wikipedia page.

The collapse is underway as we speak - THIS is what it is like and will be like.  When I first got into these discussions people thought I meant madmax apocalypse when I said "sustained global recession."  It's going to instead be an inexorable, grinding sense of growing malaise, malcontent, strife, punctuated by good times. 

The energy supply growth wave didn't go up in a minute and it won't crash down in one either.  Think of it like a current in the sea.  It will transpire over timescales far longer than your average TV show.

Oct 2, 2010 12:38 PM

This is just some of the dumbest shit ever.

The most productive fields are near the surface.  If you don't know that, then you have no business even having an opinion, much less speaking it.

The US peaked in 1970, idiot.

Oct 2, 2010 12:41 PM

Me like Hulk.  Me ask Hulk not smash.  And me ask Hulk not divide reserves by consumption rate to get lifespan.

Me request that in future, Hulk express rate of production from field to get proportion of total rate that field produces.

Me ask this because morons do calculation like Hulk just did and think that new discoveries add "extra time" in terms of years before mankind face problem.  Me repeat that production rate all that matters.

Oct 2, 2010 12:44 PM

WTF?

At what point did I EVER say that after peak production that price would not go up?

You don't fucking understand what a PEAK is, do you?

It's not the "END," ok?  It's an inflection point!

Does a mountain END when you hit its peak? JFC. 

Oct 2, 2010 12:47 PM

MUCH respect.

for you to admit that you needed to learn and were actually wrong...wow, very rare in this day and age.

As you do learn, you will very quickly begin to identify the people who are experts in this topic and start to see just how asininedly stupid those who aren't are.  It's really an eye opener.

The numbers to look at for production are C&C and all-liquids.  C&C would be expected to peak and decline prior to the latter, and so far, the production curves show this.

Oct 2, 2010 4:31 PM

Cheap oil has nothing to do with it.

There is no OIL that needs more refining capacity.  The types of refineries we have are SUFFICIENT for the type of oil we can refine.

Listen, there is not ONE type of crude oil out there.  Most of the recent oil discovered and being pumped, from KSA, Venezuela, etc., is of the heavy sour flavor.  Venzuelan Orinoco crude looks like freaking taffy; it's not lightsweet black gold like Jed Clampett shot out of his ranch before moving to Beverly.

There is NO growth, only DECLINE in lightsweet on the world market, consequently, there exists no real need to increase refining capacity of that.  Our Louisiana refineries are incidentally built to handle Orinoco crap which is why Chavez's bluster is laughable; there's literally no place on earth that crap can be refined other than on the Gulf Coast.

But the oil majors know their own real reserves and production expectations and they DO NOT forecast more oil production needing to be refined.  Even if there is surplus crude, they expect a DECLINE in production any minute now if it has not already happened.  At that point, there would end up being slack refinery capacity and a consequent collapse in refining margins.  It makes no economic sense to build capacity for something that won't exist.

There is no conspiracy whatsoever, people need to understand this.  The oil majors and refiners KNOW the crude and production situation even if they don't announce it to everyone and cause a panic or share price drop.  They have to maintain the illusion and keep the dream alive.

Oct 2, 2010 4:41 PM

Huh?

I read that book 4 years ago.  I have a copy right here.

An oil well does not know what the price on the surface is.  Peak is a matter of geology, not monetary constructs.

Oct 2, 2010 4:48 PM

Suppose we bacteria go and find ONE THOUSAND times as much growing space for ourselves.  Like a whole nother galaxy worth of earths or 1000 Ghawars.

At the stated doubling rate, how long does that buy us?  Less than 10 fucking minutes.

Time to face it, there is no way through the bottleneck.  The only route forward is what is considered brutal eugenics.

People will have to be prevented from reproducing and from consuming.  The NWO people already want that, however, they reserve the right for themselves and their progeny, even though they have no merit.

Oct 20, 2010 1:00 PM

War is usually how this was arbitrated in the past

Oct 20, 2010 1:17 PM

Export Land Model, bitchez

Oct 20, 2010 12:48 PM

Did Go help them out in the Opium wars?

The author calls it as it is...China is a wanton mercantilist manipulator.

The USD is *too strong* given our accounts deficits.  But, the EU and China and Brazil want to play the exports game and they want us to give them our production AND consume their exports while somehow MAGICALLY generating the wealth to do so without selling anything to ANY of them.

Oct 20, 2011 11:02 PM

so all the debtors get to walk away but all the pensioners who own that debt get fucked...yeah, and let's cut SS too.

Someone is gonna suffer

Oct 20, 2011 11:10 PM

mine cost me like 70k in debt?  I came out owing like 100k, undergrad plus grad...staggering sum but nothing at all compared to what others were obliged for and little compared to what grads now emerge with for similar educations.

There's always the option of lying on your resume.  Congressmen do it all the fuckin time

Oct 20, 2011 11:19 PM

between all the you're and your mistakes, shit like "could of" and "would of," then/than...most people are unabashedly stupid and have no shame about it.  It's considered totally ok to be illiterate.

I write professionally at a very high level and have to be asked nearly every time to "dumb it down."  As if it is MY fault that these people are fucking idiots.

Oct 20, 2011 11:21 PM

we're discussing a college education bubble and we have people posting about it who don't know how to properly wield basic details of the English language such as "you're" and "your" and "their" and "they're."

Please for the love of god, stfu

Oct 20, 2011 2:44 PM

You've gotta wonder just what exactly Qaddafi did to turn the west from his ally just a year or two ago into waging a war to kill him.  France wanted this war more than anyone...no idea why beyond to use their new toys.

Oct 21, 2010 1:27 PM

There's a nation to the north of us whose border is not patrolled by MS13.  It's really rather porous.

Gold is a just in case you want to leave item.  You may need an ounce at the border and another one at the border wherever you end up, one or two for a boat or plane ride.  You never know.  It's not going to make you rich, just get you out.

Oct 21, 2010 1:35 PM

a "really nice suit" for 200??!!??!  ROTFL.

You have no idea what a nice suit is if you think you can get one for $200.  $200 buys you a piece of shit suit.   A "really nice" suit is $4000 and up.

Milk ain't $2 either

Oct 21, 2010 11:57 AM

rates can't rise because there is NO DEMAND for credit at these prices.

Interest rates are the price tag on credit.  It's important to realize this. 

Oct 21, 2010 2:32 PM

*ALLUDE*, dumbass

Oct 21, 2010 2:40 PM

Really?  You can trade an AR15 with the same value density as an oz of gold?

Carbines didn't get ANYONE out of the country in the dead of night in Russia or Germany.  Gold did.  Ponder that.

You have no fucking clue if you think gold is heavy...AMMO is heavy.

Oct 21, 2010 2:43 PM

Canada is merely a route to S. America if the southern option is impracticable.  Like in Casablanca...

This nation is already degenerate enough as it is and I don't see that changing.  My Tribe doesn't practice ruthless nepotism

Oct 21, 2010 8:51 AM

I wrote several lengthy pieces on synthetic debt over on TF back in 2008.

Synthetic debt became the only way to drive credit growth; a CDS is kind of like a reverse bond except with no initial capital.

Oct 21, 2010 9:06 AM

but...but...the elites would NEVER want to inflate the currency

Oct 21, 2011 11:49 PM

more magical thinking...somehow we'll bypass thermodynamics and EROI and just jump to antigravity.

You guys are in for a rude awakening.

Oct 21, 2011 2:20 PM

so was Karl

Oct 21, 2011 2:35 PM

that's exactly how news works.

Even "respected" sources like 60 Minutes do it...for example, in a hatchet piece on polygraphs, they did 19 poly examiners and only ran with the 3 that supported their agenda.

Oct 21, 2011 6:23 PM

the poll analysis numbers out of that are horrid...most "blame Busch" and want more government.

These idiots can't figure out that the government is who gave Wall St $23T to make them whole.  All of these stupid marxist shits are going to have to understand that everything they think is true is actually a lie.

Oct 21, 2011 8:06 PM

I hope that was sarcasm or just your pointing out how idiotic magical thinking is...

Oct 21, 2011 8:13 PM

Listen, you idiot...do you REALLY expect the government to then rein in Wall Street if Wall Street owns them?

The gov't SOLD ITSELF.  Without PROTECTION from the gov't most of Wall St would now be GONE.  Without protection from the gov't The Fed would have COLLAPSED.

Give people the freedom to choose by getting the GOVERNMENT out of the business of providing legal protection at the point of a gun to the machinations of these confettiers.

The original SIN *IS* with the person who ACCEPTED the bribe, not with he who offered it.

Oct 21, 2011 8:14 PM

You didn't just appeal to Fish and Douchinger for authority, did you?  HAHAHAHAHAHAHAHA

Oct 21, 2011 8:22 PM

Brazil has a lot of lazy people and corruption.  It's why they've been the country of the future for 50 years.

Meanwhile the evil white nations just keep chugging along.

Oct 21, 2011 8:26 PM

Brazil's problem is that they are even more wealth stratified than we are.  Professionals are underpaid compared to prices and oligarchs are overpaid.  If they want to broaden their economy, they are going to have to route less money into billionaires and more into ordinary professionals. 

Additionally, brazil is hamstrung by a huge black population which does pretty much what every other black population everywhere else does.  The cities in the south such as Curitiba are vastly different in terms of HDIs and levels of corruption and crime than further north.

Brazil, instead of limiting professional and technical immigration, should be paying for it.  Bring in more white people, asians, and indians.

Oct 21, 2011 8:29 PM

I'll agree with you on the optimism.

The problem is that social spending didn't work here and won't work there to remedy fundamental aptitude gaps between populations.

The chicks are hot and like white guys.  That's enough for me to think about moving there.

Oct 22, 2010 1:09 PM

fala agora, bitchez

Oct 22, 2010 6:54 PM

The truth is classified, therefore divulging it is seditious and means you are an enemy of the State and a criminal.

All this should underscore is the LAUGHABILITY of the notion that we can have a sterile war where "civilians" won't get killed.  This puts a fork into the whole "we only hit military targets" and can surgically regime change States we don't like.  Our shock and awe and whole "precision bombing" mantra is shown to be a load of horseshit.

Oct 22, 2010 8:57 AM

NFLX currently has a nice niche but price compression is coming.

Playstation network, due to Sony ownership, has a gigantic catalog of movies to watch and access to the Sony title portfolio.  Problem is they want 3 fucking dollars to watch a movie ONE time.  On-Demand from Verizon or Comcast are similar in price.  They simply don't offer good value, which is why people put up with waiting a couple days for a DVD to show up in the mail.

What NFLX needs to do to grow subscribers is to cut deals with Bollywood.  I'm serious.  Go aggressively to the Indian, Brazilian, and Mexican movie industries and just take a global approach to it.  While this may not seem as glamorous as overpriced US film content, the bang for buck should be cheaper.

One of the problems with the model, and redbox is running into it too, is that Hollywood has a GROSSLY exaggerated idea as to the worth of the shit they produce these days.  The on-demand services seem to believe a movie is worth $3 or so, but Redbox is proving - or was prior to the studios locking out their price discovery - that really people are looking to pay $1.

I used to use Redbox all the time until the studios ganged up on them.  With bullies like Comcast having the deeper, stupider pockets, and their concept of their subscriber base as a captive audience, it's really a matter of time before they sign some IDIOTIC rights deal with the greedy semites guaranteeing that a movie view continues to cost $3 or $4, and locking Redbox and NFLX out of the channel (along with bandwidth capping), while attempting to pass that cost on via price increases for basic cable and internet. 

It won't work...PSN has been a total failure at $4/show; that is just too much, even for Sony's title catalog.

Oct 22, 2010 9:17 AM

wartime ASW is totally different from peacetime.

These subs will be detected and sank in war.

Oct 22, 2010 9:21 AM

This all boils down to who wins the CV race between the two nations.

And your statement about myopia is inaccurate.

Oct 22, 2010 9:28 AM

I wrote at length on India's military capability back when I used to be on TF.

Suffice it to say that the COPE to which you refer had the US F15s at a pronounced tactical disadvantage as the exercise was set up to deny theatre AWACS to the US while India had superior numbers as well as the right to use interlinked Su30MKIs in an AWACS capacity.  Essentially, the drill replicated their defense capability to an incoming strike, presumably from either a naval or land-based air asset package.  Yes, India won.

More interesting is India's carrier initiatives.  They plan to have 2 large boats carrying Mig29Ks in the water in the next few years; if they succeed, they will leapfrog all present navies except the US's and perhaps the French in terms of naval air capabilities.

India and China are positioning for an eventual clash, from my perspective.  At present, such an engagement is a stalemate.  Neither side has a decisive advantage in force posture.

Oct 22, 2010 9:35 AM

But China *could* hold the pacNW across 5000mi of the Pacific??

Not freakin likely

Oct 22, 2010 9:43 AM

of course, because navies have never thought of that.

You guys have no idea whatsoever how good the ECM is from a CVN group.  It can disappear from radar without stealth.

A ballistic kill missile will have a lot of trouble in terminal guidance just due to the speed of descent and the moving target.

Additionally, AEGIS systems have the capability to light up missiles with enough microwave energy to fry their electronics.

Oct 22, 2011 3:00 PM

the injuns made a fair trade for the shiny things...don't be such a bigot trying to impose your value system onto them.

Also, who are you to condemn black "culture" which promotes murder and rape and robbery?  You are a cultural imperialist and a rayciss.

As far as the blankets, it was smallpox and it's dubious that anyone had a clue about that even if it were true because smallpox and virology was in its infancy.  But, fret not, the evil white man has oppressed the world by eradicating this disease, and has just invented a malaria vaccine which will oppressively preserve the lives of even more africans.  You add that to refrigeration and electrical power and it is clear that the white man and all of his oppression must vanish from the earth and give way to the bounty of technological innovation of the brown people.  Supersoakers for everyone.

Oct 22, 2011 3:03 PM

who cares what they KNOW if they cannot SOLVE?

Further empowering government ad hoc is NOT going to solve the problem!  The government needs to be STARVED of its revenue and shrunk.  Only THEN will it not attract the type of people drawn to large sums of money.

Oct 22, 2011 9:56 AM

but of course the TP is all of the left's bogeymen

Oct 23, 2010 8:29 PM

The surplus countries need to accept appreciation as this is the natural course of trade.

Their insistence on perpetual surplus and export/job growth at the expense of Western debt while then simultaneously complaining about the size and scope of the debt used to FUND THEIR EXPANSION is idiotic.  There is no freaking free lunch.

China should have learnt from the last time they refused to permit free trade and to deal with export surplus.

Oct 23, 2010 8:41 PM

WTF is everyone's problem with this?

The dollar NEEDS TO DEVALUE.  The goddamned trade imbalances have made dollar devaluation GROSSLY OVERDUE.

Fuck the ROW; what the fuck does Germany think, that they can have a PERPETUALLY weak currency and have export surpluses FOREVER?  JFC, the math does NOT WORK.

If the French and Chinks and the rest go to a basket commodity currency, there will be a TOTAL crash in China, which DEPENDS upon currency devaluation to feed export growth.  WTF?  Commodity basket currency will FORCE trade balance!  And neither China nor Germany nor Brazil WANTS THIS.

They WANT the goddamned US to go into massive debt, they NEED IT for their own stupid export/jobs sectors.  They knew all a'goddamned-long that we would NEVER be able to actually REPAY in today's dollars!

These nations NOW acting as if this shit is some sort of a surprise is the most hypocritical and laughable bullshit EVER.  Germany and China must be forced at some point to ACCEPT trade balance and the long overdue devaluation of the dollar and the loss of their #1 export markets.  Either that or DO NOT COMPLAIN about the debts we rack up.

Don't fucking TAKE our productive capacity, make it your own, then fucking vendor finance in a circle jerk and then expect someone with NO INCOME from which you REFUSE to buy anything ANYWAY to repay you!

This is like china prior to the Opium Wars; they just wanted all the silver in the world and the Emperor REFUSED to allow bilateral trade.  It ended in WAR; that's how this shit ends up.

China refuses to buy anything from us, refuses to open its markets, Brazil is massively protective of domestic production to the point of having insane tariffs on ANYTHING imported, how the fuck do THEY EXPECT us to repay if they will not BUY?

They have FINANCED a customer that they themselves BANKRUPTED.  We should have cut China loose decades ago, but everyone in this clusterfuck went in with eyes wide open.  Listen, honeys, don't GO TO A GANGBANG and then come out crying about how you just got fucked!

Oct 23, 2010 8:45 PM

LOLZ.

You know what this is?  It's the SAME FUCKING mercantilist recycling game that china has done with the USD for decades.

Just buy all the debt you can find, recycle NO surpluses with actual trade, just buy the currency up by funding the deficits and bonds.

China wants to cheapen WRT the Euro now and fuck them in the ass too.  China intends to intentionally bankrupt all its potential trading partners...for what???  So they can produce and sell then to WHOM?

We're not going to give our countries over to these Go playing slope morons on account of the paper they own!  We're going to do what the British did in the 19th century and that's sail our roundeye navies and go shove opium up their asses again.

Oct 23, 2011 10:03 PM

that's not even remotely close to anything I've said.

Oct 23, 2011 10:06 PM

i don't really put much stock into what pumper shills have to say.

You bagholders latch onto any rumor you can find.  Arabianmoney?  Who the fuck are they?  They make claims of silver being unavailable yet I can POINT YOU TO several MAJOR dealer websites that advertise it.  Hell, do you need me to come down there and type it into your stupid browser for you?

Stop being so gullible

Oct 23, 2011 8:04 PM

idiot...you could have sat on your FRNs and gotten nearly DOUBLE the amount of ASEs if you hit the bottom.

Instead, you put a false dilemma of NFLX or Silver.  Well, BOTH crashed, so both were lousy investments.  Enjoy your bagholder status.

Oct 23, 2011 8:08 PM

really?  So you're telling me I can't go buy any REAL silver for pretty fucking close to the paper price?

You silverbugz are delusional idiots.  1000oz comex bar at spot +.7.  Generic rounds at spot +1.6.  NOT spot +15 to put the "real" price anywhere NEAR what you morons paid for yours while you chased an obvious bubble.

Oct 23, 2011 8:09 PM

I prefer to get ASEs for <$35, instead of $53 which you lemmings were willing to pay.  I can get 50% more of it by WAITING instead of chasing a glaringly obvious bubble while pumpers were herding sheep into bagholder pens

Oct 23, 2011 8:11 PM

In all seriousness, what matters is when silver hits peak production.  After it peaks, it should enjoy a price incline similar to what gold has done since it peaked in 2000

Oct 23, 2011 8:13 PM

COMEX IS NOT the silver supply, idiot.  How many times does this shit have to be explained to you?

Oct 23, 2011 9:12 PM

wtf part of "some" is incomprehensible to your tiny brain?

Mosely-claven was pumping for silver to da moonz and $60 "by next week" and all of you fresh bagholders were trying to junk off anyone who advised caution.

Oct 23, 2011 9:18 PM

they reflect the stupidity of participants.  Major coin dealers are selling for a few bucks over spot.

Despite what pumpers would have you believe, you can easily find abundant silver for reasonable premiums over spot.  There is no disconnect and there is no shortage.

Oct 23, 2011 9:24 PM

you moron...why the hell would i want a few hundred kilos of this shit?  I am not a manufacturer of electronics.

Silver IS AVAILABLE at spot.  FACT.  Just because you retards can repeat this LIE 50,000 times does not make it TRUE!

CNI has 1000oz COMEX bars at .7 over spot.  Suck on that, moron.

Oct 23, 2011 9:26 PM

listen, you stupid idiot...how can you NOT understand that my statement stands IRRESPECTIVE of what quantity of silver I have ever attempted to buy?

WTF would I want 100 kilos of silver for?

Oct 23, 2011 9:29 PM

I didn't chase it, idiot.  I was one of the people here telling YOU not to chase it.

I got my first ASEs at $6.52 each.  Subsequent ones around $12.

Oct 24, 2010 1:45 PM

IOW, China is not going to accept NOT manipulating its currency.

China also threw a far more gigantic debt-fueled stimulus at its own economy last year.  Where the fuck are the calls for them to accept the global realities?

Oct 24, 2010 1:48 PM

most brazilians lack basic education as do most chinese.  The germans are the only population for which that is not true.

Enough america-bashing; the Chinese bleating about currency manipulation is the pinnacle of hypocrisy.

Their economy only exists in this manner due to western debt.  All that they are and have comes from western inputs.

Oct 24, 2010 1:52 PM

yeah, this is lauhable.

China will drive up the EUR and down the USD, while devaluing yuan against especially the EUR through this route.

No currency basket with the yuan in it will last long as the CCP is a WANTON currency manipulator and property thief.

I, for one, WELCOME this trade pissing match between a China that massively protects and subsidizes its export and production and the EU which also massively protects and subsidizes ITS export and production industry.

The Germans want to export to China and the Chinese want to steal German industry and ponzi the yuan against the Euro.  Europe will not and has not ever sat idly by while their industries are forced to face real competition.

There's a very good reason why it seems the US is the only overconsumer in the world, because everyone ELSE wants to be a growth producer!

Oct 24, 2010 1:57 PM

ALONE, Japan is HONEST.

Every single fking one of these nations is complaining about USD weakness when THEY WANT their own currency weak!

Neither Japan nor Germany nor Brazil nor China is going to tolerate ACTUAL market forces being applied to their domestic industrial base NOR their currencies.  Russia might as they are a commodity seller.  Brazil really ought to as they are fairly autarkic.

Oct 24, 2010 11:52 AM

this article is superficial.

while it is true that in between the time a bid gets filled and another bid comes to replace it, there is a space where there is "no bid" (assuming there is no B/A ladder), the HFTs are actively walking the B/A ladder DOWN to objectively ABSURD levels.

This is why the exchanges are DKing the trades, because they are MALFUNCTIONS.  We see real companies with real value get walked to freaking ZERO and TRADED there.  This is NOT an artifact of the "space in between bids," it's a manifestation of algorithms operating whose purpose is NOT for what we would call ordinary market participation except at high speed.

Oct 24, 2010 12:04 PM

"We"?

The lies told to the injuns were not told by me.  I bear no responsibility for the sins of any of the people in the past who happen to have the same skin color as I do.

Oct 24, 2010 12:09 PM

#6...HUH?

In other words, you are totally oblivious to crime data?

Foreigners from monoethnic societies pointing fingers are morons.

Most of your responses are conditioned by your white fear of the racist label.

Oct 24, 2010 12:56 PM

Friction and war between the BOE (Rothschild bank) Axis and every other monetary system had been going on since the early 1700s, including against the Latin Monetary Union, and against the Bismarck regime.  The vast Rothschild palaces scattered throughout the world didn't build themselves.  Finance was a lucrative imperial business.

Oct 24, 2010 2:10 PM

I agree, and I see I was junked several times by people who don't GET IT.

Stop fucking hating on yourselves you freakin spineless whiteys.  It's not "america's" fault or the fault of the west or the fault of freaking white people.

I don't WANT a war, but the path China has put itself on makes war eventually inevitable.  The usury game eventually means one or the other of you has to go.

This bullshit has been played on EMs for a century.  Foreign interests RENT Argentina and Colombia to the populace there.  This lasts until someone nationalizes it.  That shit simply won't fly here.  China is not going to use its "dollar reserves" to take physical ownership of the world and turn the US into a toxic waste dump full of slave labor so the doddering CCP can run around fucking young women with their plate glass spectacles on!

This Middle Kingdom racial supremacy shit will only lead to a fight.  Even more than that I'm repulsed by the urge by Americans to bash america and whites to bash whites.  There is no other ethnic group which does this; they ALL practice ethnocentric nepotism, from the Tribe at the top to the "Brown Pride" UFC champion telling the latinos "we did it" after his victory last night.  Get your heads out of your asses, all of you, and wake the fuck up.

Oct 24, 2010 2:15 PM

Can't do ANY of that now...why?  Because over 30 or 40 years we ALLOWED mercantilist nations to take productive jobs.

Without gov't spending, we lack an economy.  We need to onshore our production, which means export CONTRACTION for ALL the nations currently complaining about the weak USD.

It's easier for germany to cut spending as they have rather ruthlessly PROTECTED their domestic jobs over the years. 

Oct 24, 2010 2:20 PM

We have 30 years' worth of right to be pissed about their predatory trade practices.

Yes the USD should have devalued long ago, crushed China's export ponzi, and normalized trade flows BEFORE we lost every fucking manufacturing job or plant.  The peg and China's desire to maintain their own bubble is what prevented that, along with acquiescence and active support from leadership here, there, and everywhere.

EVERYONE went into this arrangement with eyes wide open.  For the Chinese to cry now is bullshit...fuck them.

They don't give a fuck about the USD *other than* their OWN ability to peg to it and maintain their own growth ponzi.  This is why they are currently exploring ways to peg to the Euro via impaired sovereign debt.

Some of you may recall how I suggested China should have acted as a dollar liquidity provider in 2008; it appears they must have read my posts because this is precisely what is going on in Greece.  In doing so, they can yuan cheaper against the Euro and work a de facto peg against it.  All they need do is buy up all the sovereign debt of BANKRUPT STATES (exactly like the US) such as Portugal, Greece, Spain, etc.

This isn't a real investment; it's an attempt at yuan devaluation against the EUR.  It's not a statement of faith or confidence about the dollar, merely a FX intervention in attempt to maintain ponzi export growth.

Oct 24, 2010 2:25 PM

you ever notice a coincidence of wars around monetary regime frictions? 

I mean, just try and get off the petrodollar if you think this usury stuff isn't important.  The usurer financial regimes have gone to war every time "sound" money built around real bills was tried.

Once germany opted out of the usury clan hegemony, war was inevitable.  I mean, hell, the usury clan financed the overthrow and execution of a King of England, for crying out loud.

Oct 24, 2010 9:10 PM

this is absurd bullshit and was not written by anyone with any knowledge of engineering, not the least of which is an understanding of collapse mechanics and the difference between structures built for tensive vs compressive loads

Oct 24, 2010 9:22 PM

fuck you.  Boo hoo that we have oppressed your backward lives with refigeration, electric power, and modern medicine.

we've saved orders of magnitude more lives than we ever took.

Screw the brown people...wtf did they ever do for anyone?

Oct 24, 2010 9:26 PM

this mean gold is about to spike again?

Oct 24, 2011 1:28 PM

Catholics??  WTF?  how many catholic presidents have there been?

Oct 24, 2011 1:30 PM

sure, let me know what you need elaboration on

Oct 24, 2011 1:58 PM

what the fuck did we rape?  We raped neither Germany NOR Japan.  We are the most benevolent conquerer in history.  In fact, the white man in general has singlehandedly UPLIFTED nearly every nation he's ever conquered, dragging people out of the stone ages and giving them the oppression of the written word, refrigeration, electric power, and flush toilets.

We even gave your godforsaken shithole education and technology.  All your bleating about western imperialism springs from your jealousy that you were not the one who brought the quantum leap in the human condition.

Oct 24, 2011 1:59 PM

so are most other countries.  We were just more successful at it.

Oct 24, 2011 10:26 AM

Whoever wrote the article is an idiot.  They seem to believe that the banks or Fed or economy can magically pay savers a higher yield than the economy itself can generate.

They don't seem to understand where all that magic interest comes from.  The bank pays you a share of what it can earn.  Banks historically did that by lending.  There are simply no takers at higher rates.  Nobody is demanding credit.  The credit base is deflating, which means that loans outstanding are shrinking, things are being paid off, people are cashing out, nobody is going further into debt.  This is a lack of demand for credit, in the aggregate.  So, to try to get more volume, the system has lowered the price of credit, and prevailing interest rates have fallen.  It's really as simple as that.

The temporary bond bubble is simply because those are the only "sure" way to get any nominal principal back.  And the banking rules make all these savings go into the money markets.   USTs are seen as a safer "sweep" vehicle especially after the buck-break lockup we saw in 08.

Oct 24, 2011 10:30 AM

dude, there is NOBODY out there looking to borrow at 6%.  Or 5%.  The economy cannot generate that ROI.

If you want yield, put your money in Brazil or somewhere that IS capable of growing at that rate.  Stupid savers who cannot figure out how to chase yield (with extra risk) and stamp their feet and INSIST the bank just magically pay them 6% for zero risk...fuckem.

Oct 24, 2011 10:33 AM

YES!  Excellent analogy; I am going to use that in the future.

And that is PRECISELY why deflation in the quantity of IOUs in such an edge case does NOT lead to more worthful IOUs.  They are themselves bankrupt as an institution and must be discounted.

Oct 24, 2011 10:35 AM

#2 is no longer viable in the aggregate.

Oct 24, 2011 10:42 AM

not energy, power.

Most people don't know that coal extraction from mines was initially by horses.  The EROI on this was *higher* than when these horses were replaced with steam engines.  However, the rate of extraction was lower with horses.  Power is all that matters to our economy, the rate of expenditure of energy, or rate of work.  Human power is high EROI, but low power.

Thermodynamics make it such that as power rises, EROI necessarily falls.

And, also, I told the deflationists in 08 why credit was collapsing and who would step up and borrow.  All the Douchingerites said that they would simply fold their arms and refuse to borrow.  I said if you don't borrow, the gov't will force you to by borrowing on your behalf.

The mechanics of debtmoney are very SIMPLE once you get your mind around them.

Oct 24, 2011 11:01 AM

the debtmoney system is the contagion.

World society can't seem to recognize that this parasite has been living inside it for centuries and only now when the organism can't grow further to provide new real estate for the infection that the infection is starting to cannibalize the host.

Oct 24, 2011 11:06 AM

well, the US pre-civil rights was a very trusted economy and trusted agent.  It's the reason that Wermacht troops staged actual breakout rallies to move westward in order to surrender to us.  It was considered a better ROI to nut up and fight and even suffer losses to escape soviet encirclement in order to flee to the allied lines to surrender than to surrender in place (correctly).

The postwar period was one of trust, diligence, respect.  That all changed very rapidly in the 1960s.  We transitioned to a society of entitlement without merit and found our footing in perpetual war.  We pretty much had no choice but to use the military once domestic peak oil hit and we were forced to close the gold window.

Now, there is no way out for everyone.  When the dollar collapses as an international trade mechanism, which may take far longer than anyone is willing to believe, good luck to nations interested in trade. 

Oct 24, 2011 2:02 PM

perhaps he'd like to compare CHINA's innovation to Europe's....who stole whose high-speed rail and whose crashed and is now effing mothballed due to the fact it is a complete piece of shit?

Oct 24, 2011 2:04 PM

yeah an "infrastructure" of irretrievably broken high speed rail, empty cities, polluting factories with no customers...what a GREAT investment!

China is working for FREE...even as volumes rise, profits go down.

Oct 24, 2011 4:04 PM

and wasn't trying to grow 9% after peak oil

Oct 24, 2011 4:27 PM

so they sold some inventory down and will restock.  So what?

Oct 24, 2011 4:28 PM

silver?  You on crack?  Silver is amazingly useful and has more industrial usage than it does for all of the rest of those combined.

Oct 24, 2011 4:35 PM

the paper notes of a bankrupt state do not become more worthful as a result of bankruptcy.

Oct 24, 2011 5:06 PM

NFLX was buying the stock to support the options of management...this is .com all over again.  They wasted cash and profits to funnel to executives.  Heads of these incompetent asses need to roll

Oct 24, 2011 5:06 PM

too much free porn available like everywhere else

Oct 24, 2011 5:09 PM

man, CRM gave and then took a ton of my money in 08 LOL.

Would love to be short that pig, along with LULU and the entire CREIT complex, when the time is right.

Oct 24, 2011 7:38 PM

This is the most absurd thing I have ever heard.  Seriously.

Digital zeroes can be conjured at a mouse click...and WILL.  You idiots were saying the same thing in 2008 and I told your master that they would print.  Guess what?  They did!  They will again!

The debt that backs the FRN is busted, the sovereign guaranteeing it is BANKRUPT.  You don't seem to understand that deleveraging and deflation are exactly what preceded the currency collapses of EVERY SINGLE state that's ever gone through one.

Hang onto your paper, by all means.  I'm sure it will enjoy the same track record as other paper.  There is nothing whatsoever special about a paper FRN versus an eDollar.

Oct 24, 2011 7:41 PM

and this leads to repudiation of debt and consequent repudiation of the notes of the State involved.

Let's see here...Iceland had a deflationary collapse.  What did the exchange rate there do?  Did paper Krona become more worthful?  This is exactly what deflationists would have you believe happened.  It didn't.

The Fed will print.  If they do not, the debtors in need of dollars will repudiate and in doing so, cause serial, cascading defaults forcing EVERYONE ELSE to repudiate, and ultimately the FRN will be repudiated.

Oct 25, 2010 1:34 PM

For those about to rock, we salute you - AC/DC

Oct 25, 2010 11:03 AM

3rd worst ever is a green shoot!  2nd derivative bitchez

Oct 25, 2010 3:20 PM

and my BMs will trade at a premium to the rest of yours' because MY SHIT DON'T STINK hahahahahahaha

Oct 25, 2010 3:31 PM

Don't skirt around the adjective, "jew," it helps to put historical context around the two financial crises, ours now and theirs then.

It seems the same fingerprints may be on the steering wheel of this crash as well.

Oct 25, 2010 9:03 AM

OMG...the INJUSTICE to those poor negroes, 6 of which beat the living hell out of a white kid in a CLEAR hate crime.

I can't imagine how mindfucked you are to think the injustice in Jena was against black HS students

Oct 25, 2011 1:00 PM

yes; the global run on money markets in Sept 08 was basically hours away from total bank lockage.  CP markets locked up, interbank locked, everything locked.  The Fed had to step in to guarantee the function of these markets with unlimited credit.  They still are in that position as far as I'm concerned.

If it happens again, the CBs will step in to provide cash.  Expect that.  They won't do anything else and that is basically supposed to be their core function.

Oct 25, 2011 1:03 PM

yeah gold went up $80 in a day too.

There's not going to be a paper lockup this time around because the CBs are standing there ready to provide unlimited money.  Hell, the SNB is printing to maintain a EUR peg.

Oct 25, 2011 1:51 PM

another soon to be failed prediction I'll be reminding you about.  You've been bleating about this imminent COMEX implosion for a year now, yet you remain totally impervious to education about what COMEX does.

Fuckin "75%"?  ROTFL...another number straight outta your ass

Oct 25, 2011 1:56 PM

the chinese DON'T NEED TO BUY, idiot, they are a producer in their OWN RIGHT

Oct 25, 2011 10:50 AM

Detroilet is at zero.  Literally, there is no recovery in a lot of those houses.  The city went 365black and it became just like africa.

The police have announced that they will no longer respond to a lot of crime calls, such as burglary even.  Much of the city isn't patrolled or even inhabited and they are bulldozing neighborhoods back to greenspace.  Downtown a couple years ago, ALL skyscrapers except the RenCen appeared to me to be uninhabited and were in most cases boarded up at the front doors or otherwise sealed.

Detroit will come back when the white people do.  As for DC, the level of gentrification is eyepopping now.  People who go to Howard are even going wtf.  I saw white people riding bicycles at 1am near there the other day and there's a Sunday morning Farmer's market a few blocks away.  DC is on fast-track to increased livability and viability as a result.  The ghetto edge continues to be pushed eastward and now even Capitol St isn't holding the line.  When I got here it was at 14th.  Places that I can remember were no-goes are now totally yuppied.  High end restaurants, condos, you name it.  Sort of like what has happened in the Bronx, Times Square, and even Harlem.  Tax payers and non-SNAPs are being given the keys because let's face it, they pay taxes and don't commit crimes.

Oct 25, 2011 10:54 AM

$100 could buy you a whole block in Detroilet

Oct 25, 2011 10:56 AM

gold just went $30 vertical, you fuckin idiot

Oct 25, 2011 11:08 AM

Violent crime is down 50% in the past decade and a half in DC.  The white population is increasing dramatically...city on verge of losing black majority.

http://en.wikipedia.org/wiki/Crime_in_Washington,_DC  you can see where all the crime is...it's (drum roll) in the black areas.  As DC whitens further, crime will continue to drop.  This phenomenon is so ubiquitous and inexorable that I marvel that anyone can't seem to figure it out still.

Of course, the DWLs will spin it that the neighborhoods got "economically revitalized" but all that means is that white people moved in and cleaned the place up and rebuilt civilization.  Let's recall that every single housing project was a FIRST RATE building and facility when it was constructed and systematic abuse by its residents turned 100% of them into decrepit shitholes with 0 recovery value.  Some of the worst slums in the US, like Cabrini Green in Chicago, were absolutely spectacular when erected.  Of course they had to be the best, because nothing less than the best will do for the shiftless, lazy trash that they housed there, right?  Just like those Katrina refugees were demanding something better than water after being bused out of the hell they created.

And, like night follows day, the residents of those places destroyed them.  There was a recent landmark study, which the DWLs in the media are trying to underreport and bury, that plotted Section 8s on a map and then plotted crime on a map, with a longitudinal study (meaning over time, as section 8 facilities moved around), and lo and behold they could have been the same fucking map.  In fact, the two maps were so close that initially they assumed it was some kind of a practical joke.  Bottom line, you do NOT want diversity in your neighborhood or anywhere near you.  Tell the DWLs on the fuckin city planning boards to put that shit in their whitopia neighborhoods if they love it so much.

Oct 25, 2011 11:11 AM

well there is no mad rush by the bank to take the REO on their books so the sellers are without consequence at present.

If/when they start letting the market actually clear or else the seller decides that the cash burn is destroying him (it is), look out.

A LOT of "homeowners" are having that "can't lose" investment burn a cash hole straight the fuck through everything they work for...and for years.

Oct 25, 2011 11:16 AM

ah ha, someone else gets it...I've been saying this for years now.

DEBT as an institution makes no sense in the aggregate in the face of contraction.  If a rancher comes to you to borrow against the livestock as collateral and you have basis to believe he will have less of them next year than this, would you lend?  Of course not.  And if he knows that, he wouldn't borrow either.  You could drop the price of credit to 0% and there wouldn't be takers if people KNEW a famine or drought were coming.  And nobody would lend.

That is where we are.  There are many who will deny peak oil but the pricing and supply can't be faked for long.  The market's invisible hand is sniffing this out and even people who don't get or don't know about it are acting as if they do.  It's like how fish school.

When oil supply peaked it was as if the world tipped upside down...now everything that has worked for 400 years seems to not work.  The people in economics can't seem to figure it out because everything they learnt is now backwards.

Oct 25, 2011 11:50 AM

nah; the dude spoke the truth.  People are so unaccustomed to hearing the truth that when it's spoken, it is so far disconnected from the mythic narrative that it sounds like full retard.

I am going to say it again:  in a growth economy, driven by power (not total reserves, RATE of production), when the rate of energy input begins to decrease, the entire edifice becomes imperiled as a fundamental institution.  Everything we try that does not address this fundamental problem will fail.

Imagine you were facing a situation where gravity was increasing and you were in the business of lifting things.  Would you expect monetary measures, cheapening of credit, pretend accounting, etc., to FIX this?  No...it's a fundamental problem of reality, which to be blunt is something that society has been sorely disconnected from for quite a long time.

Unabated Oil supply growth (and other energy before that) for 150 years has permitted silly and stupid fantasy shit like macroeconomics to be accepted as real.  The entire American Narrative is utter bullshit; our exceptionalism was driven by a climate of innovation built on the oil supply capable of supporting it.  Take away our oil growth, like in 1970, and then again in 2006 and we look utterly incompetent and inept.

Raygun made Saudi Arabia the 51st state in the early 80s.  It was either that or collapse.

Oct 25, 2011 11:57 AM

Argentina and Brazil have already shown what happens in situations such as these, when deflation takes hold and can't be stopped.

Greece is a case of DEFLATION and people are scared to death of losing everything that they have.  And the "only way out" is seen as printing and re-drachmafying.  Think about that.

The system cannot be sustained when everyone is heading for the exits, so they LOCK the doors and then they devalue.  If stampedes out are permitted, the sovereign itself goes kaput and NOBODY WANTS TO HOLD notes of a sovereign going kaput.

Iceland deflated and the krona did not become more worthful.  The same was true of every EM country that bubbled and crashed.  Was a case of mass stampedes OUT of local debt, and then the realization that you needed to get out of local currency as well.  People cash out of positions and then they cash out of cash.

Oct 25, 2011 2:12 PM

you're an idiot..."take physical delivery"? WTF, do you think sovereigns buy from fuckin COMEX?  They buy from miners or other sovereigns.  COMEX has jackshit to do with this.  You idiots seem to think every ounce of gold in the world moves through COMEX somehow and that COMEX is on the hook for the trades of its SHORTS.

Oct 25, 2011 2:31 PM

ROTFL

As an aside, I've got a huge moneymaking scam I want to know who is down for...we are going to make counterfeit gold bars out of...PLATINUM

Oct 25, 2011 3:09 PM

why sell anything when you can borrow at 0%?

Oct 25, 2011 3:18 PM

we'll clad it in gold then.  We can downalloy the gold or the Pt to make the density and weight exactly right.  This is a unique opportunity here

Oct 25, 2011 3:27 PM

these dumfuk central bankers at SNB should be buying EUROPE not the fucking euro!  Print and buy the goddamned assets!

Oct 25, 2011 3:28 PM

seems to be a common occurrence round here

Oct 25, 2011 3:38 PM

MiniTruth said we hit all of those production figures...exceeded them even

Oct 25, 2011 3:41 PM

in a year they will think you are just as crazy as they do now

Oct 25, 2011 3:42 PM

need to get in on pawn and title biz...that is gonna be some serious acquisition of stuff business going forward

Oct 25, 2011 3:48 PM

she's screwed because she got bounced off the partner track at the end of the rail.  That's a huge issue because other firms aren't going to put her on it.

Oct 25, 2011 3:53 PM

i bought one of my gfs a tiffany necklace, so I did my part to hold up the economy, bitchez

Oct 25, 2011 3:56 PM

well you know that such a plan would be administered to give anyone prudent $0, because they don't need it, and the "disadvantaged" would be made nigga rich only to blow it overnight making it rain on strippers and buying LV and purple sizzurp.  I mean didn't we learn our lesson with FEMA cards?

Oct 25, 2011 4:00 PM

peak oil already killed the global economy

Oct 25, 2011 4:03 PM

shell games, bitchez

Oct 25, 2011 9:01 AM

well if the euro comes apart, gold will be going to infinity euros

Oct 25, 2011 9:31 AM

Detroit, bitchez

Oct 26, 2010 11:04 AM

"have," not "of," jfc, or use the damned contraction, "'ve."  WTH happened to language competency? 

Oct 26, 2010 11:12 AM

just had an argument w/ a coworker on why we need to end the government.  He thinks the sky would fall, like most people do these days.  Can't conceive of a time where we didn't have a $4T leviathan.

Having a gov't in the business of redistribution just creates a magnet for crooks, criminals, and cronies.

Wealth redistribution is what capitalism is...Rockefeller was redistributing wealth from his customers' pockets to his own.  His union labor wanted to redistribute from his to theirs.  This is market pricing power and capitalist structure at its finest.

Once you start trusting an AGENCY to collect the wealth and then dole it out, you end up with a mountain of thieves.  The money goes into the gov and ends up largely in the pockets of the cronies.  And because they have the "legitimacy" of law, their plenary authority over this is no longer challengeable.  It's no wonder that the larger the money flow to the gov gets, the more corruption we have.  It draws crooks like a flow of honey draws flies.

All of the populist functions best left to group self-expression, such as labor pricing or monetary creation, have been captured by the elites.

Oct 26, 2010 12:45 PM

Here's the problem...I said we don't need a LEVIATHAN and you "hear" that I am saying we don't need a government at all.

This is a massive logical fallacy...don't do it again, please.

Oct 26, 2010 2:10 PM

just go to Wiki's entry on Rothschild Bank.

Look at that shit.  Rio Tinto...De Beers, Cecil Rhodes, the BOE, mfin Suez Canal.

Like I said, their palaces did not build themselves, nor did that Barony buy itself from the Queen either.

Only the Nazis were successful at striking this flock of parasite locusts into disorder.

Oct 26, 2010 2:29 PM

The reason you don't get it is because you are a moron.

You create a strawman argument in this rant, and you don't even see it, along with false dilemmas.

People who do that are illogical.

Oct 26, 2010 3:04 PM

TLT down at the same time.

All your dollar are belong to us

Oct 26, 2010 4:00 PM

Peg, bitchez

Oct 26, 2010 8:13 AM

yeah good luck with all that.  You can take your H1Bs and GTFO

Oct 26, 2010 8:17 AM

Junk

Oct 26, 2010 8:37 AM

Greek CDSs are the short of the year.  China will mop up all their debt to devalue CNYEUR.

Oct 26, 2010 8:51 AM

well, our government has not exactly been favoring hires on the basis of competency for some time.  We favor diversity.  At any cost.

This leads to systemic gridlock and incompetence.  How interested does anyone expect an AG who was derisively referred to as "Place" Holder by a major local paper during his stint as US Attorney for DC?

Our nation is in a multidecade process of systematic repudiation of all the cultural norms of the dominant demographic which led to its position.

Oct 26, 2010 8:53 AM

I feel a great disturbance in the Force...it is as if millions of senior tranches cried out in terror, and were suddenly impaired

Oct 26, 2011 1:51 PM

OWS is very dangerous in that they can identify a problem but their solution is what LED to the problem in the first place, except bigger!

Their plan is to raise more taxes so the government can get even bigger and make the elites even RICHER

Oct 26, 2011 10:25 PM

problem is, it's true...no matter how much you try to deny it and act like it's crazy, the shit is really true

Oct 26, 2011 10:45 AM

GS has been a bigger predator on the Street for some time.  Surely they have made a lotta enemies and they better not find themselves gettin caught slippin

Oct 26, 2011 10:49 AM

our job market WAS housing for over a decade.  Everybody worked in something connected to that.

Oct 26, 2011 10:55 AM

this doesn't go anywhere near far enough.  We need to expand to foreigners who don't even live here.  Home ownership is a basic HUMAN right and expanding that to more diversity must be a firm priority for the US.  We daily see pictures and video of africans squatting in huts and on the dirt; why not provide them with housing?  It will put America back to work.  Additionally, HARP must be expanded to include 2nd, 3rd, and 4th houses.  Families these days, especially mexican ones, are very large and housing can be cramped, so additional units can be owned with the government backstopping the loans, which will have vast economic benefits.  I mean, who doesn't own 3 or 4 cars now and those need to be garaged someplace, don't they?  This solution kills a lot of birds with just one stone.

Oct 26, 2011 11:06 AM

summing up China too...all central planning systems.

Malinvestment as far as the eye can see

Oct 26, 2011 11:14 AM

bbbut...Oblama was on LENO.

I guess he hadn't had some adulation lately and was desperate

Oct 26, 2011 3:31 PM

guess that all-out planet and star induced crash last week didn't come huh?

Maybe think about STFUing

Oct 26, 2011 7:38 PM

yeah I loved mine to death, finest firearm out there.  Until it fell out of my canoe.  All my guns did

Oct 26, 2011 7:45 PM

fuck you too then.

NOT ONE cop stepped up to break ranks and do the right thing.  In fact, they are with their buddies in blue to the end.  It is them against the world.

There will BE NO INVESTIGATION on this.  The cops here kill with impunity and the protestors continue with their Gandhi bullshit about "occupying" things.  Their silly stupid dipshit liberal world is going to be upended violently.

THIS is why protesting is useless.  Protesting only gets results when there is violence.  The police will round up the entire OWS mass and beat the fuck out of them.  This is why I wouldn't join an OWS protest.  Nobody has your back.  Nobody will lift a finger, nobody will FIGHT.  They have no clue.  Only if/when the cops have any fear will protests be respected.

Oct 26, 2011 7:50 PM

the height of irony is using a language that is like 40% sourced from latin - because the French imposed it - in an article criticizing the French for their cowardice.

You would have surrendered to the Wermacht too, and so would the mighty English.  But/for terminal stupidity of their leader, they'd have conquered the Russians as well. 

Oct 26, 2011 7:57 PM

funny that they conquered England and ruled it since the Norman episode.  The vaunted King Henry 2, first "King of England," was the great grandson of William the Conqueror.  The entire 100 years' war was a spat between FRENCH NOBLES.

French DNA pervades England.  French is the dominant influence in English.

Oct 26, 2011 7:58 PM

you were the morons who voted that trash in.

Oct 26, 2011 8:05 PM

funny how the TP protests featured no arrests...

I don't have much in common with idiots who want to empower the government further in order to stop the consequences of too much government empowerment.

Oct 26, 2011 8:06 PM

The tea party is sane...this is the bolt in nose crowd.  They don't GET IT.

THIS IS WHAT their fucking big government LOOKS LIKE.

WTF do they want to occupy wall street for?  Is it to fix things or just to tax away the excessive incomes of the WST crowd and....GIVE IT TO THE GOV'T?

Or some other dipshit cause like free healthcare or iPads for everyone or more diversity?

Oct 26, 2011 8:10 PM

ROTFL...the entire national economy is a scam

Oct 26, 2011 8:12 PM

yes, that is exactly what China is...a ponzi.

Oct 26, 2011 8:18 PM

STFU moonbat
Do you REALLY THINK that if ANYTHING this idiot kook said was even REMOTELY close to true that anyone could STOP it?

Free energy is the POWER OF GOD

Oct 26, 2011 8:21 PM

This is an easy one- blacks happened.

They started schooling them after Brown alongside whites and discovered that nature had played a cruel trick in its apportionment of IQ.

Black graduation rates were atrocious (and still are), so the curriculum continues to be dumbed down so that they can pass at palatable rates. It's really as simple as trying to pretend that everyone is equal when everyone isn't.

Nobody should ever expect competency to return until diversity goals are abandoned. Walmart will be no more successful at educating people with IQs of 85 than anyone else has been.

Oct 26, 2011 8:24 PM

Beijing is too enamored with stealing science and technology than creating it.

If they want creation, they should bring in the creator class and stop stealing

Oct 26, 2011 8:34 PM

JFC...are Glock, HK, Walther, Sig, Rossi, and Taurus (among many others) not still in business?

Oct 26, 2011 8:50 PM

needs to show her pussy

Oct 27, 2010 10:53 PM

There is no silver shortage.  Silver production has continued to grow.  Gold production peaked in 2001 and declined since, but has made a run at the production high as of the 2009 figures.  We'll see going forward what comes of that.

But silver hasn't shown a production decline yet.  PGMs are where people need to pay some attention.  Pd and Pt are both undervalued given the production metrics vs Au or Ag.

Oct 27, 2010 11:44 PM

Tyler...dude..haven't we been over this before???

The culprit is ALREADY KNOWN.  WADDELL & REED, gfdit!

GET OVER IT ALREADY

Oct 27, 2010 11:45 PM

Impressive...anyone who thinks Japan isn't a de facto atomic weapons state with this type of technology at their disposal is a fooool

Oct 27, 2010 12:22 PM

pyschiatry?  Another Tribe "science."

Oct 27, 2010 12:27 PM

I've tried to emphasize over and over again that this will not mathematically work with our monetary system.

Our monetary system REQUIRES - not wants, desires, or would prefer - REQUIRES growth in credit to make the math work, or else the monetary system itself implodes and then there is no money.

The government cannot cut its spending and go "austerity."

I mean, think about that anyhow...do we really want to auction off all of our roads and parking meters and bridges and infrastructure to others?

The flaw in the system we have is that we required growth in perpetuity and WE, US, right here, right now, are passing through the epoch where growth STOPS.  All systems based on growth are imperiled.  Simple as that.

Private credit growth is in reverse; therefore the government has stepped up to carry the torch for the monetary system, which our economy must serve.

Oct 27, 2010 12:43 PM

solution: DE-PEG

Oct 27, 2010 6:01 PM

gord bitchez

Oct 27, 2010 6:22 PM

I only junk him if I don't like the pics of the girls

Oct 27, 2010 6:25 PM

Orszag is a moron.

Look, it's really this simple:  the monetary system and vicariously, the financial sector, is a parasite on the real economy.

The parasite has continued its growth rate as a function of mathematics.  The real economy that services it has NOT been able to do that because it exists in the real world.

So the system is eating the real economy, devouring it just like any unchecked infection or parasite is wont to do.

Oct 27, 2010 6:30 PM

I hope you read around here.

Because it's CLEAR, crystal, that all of the export mercantilist nations are DIAMETRICALLY opposed to a weak dollar!

That means Germany, Brazil, and China predominantly, and Japan to a lesser extent.  They want to preserve the status quo of perpetual export surpluses meaning lots of jobs for their populations.

Of course they are against QE.  The US should just knuckle under and go deeper into debt to buy the shit they overproduce so that they can continue to have massive surpluses.

Oct 27, 2010 6:31 PM

Why the fuck would they do that???

Everything China is about is a perpetually weakening currency in order to maintain export growth.  Pegging to a commodity would destroy their economy.  They wouldn't be able to do their mercantilist ponzi with a gold standard.

Oct 27, 2010 8:39 AM

you are just threatened by powerful women

Oct 27, 2011 10:49 PM

yeah, what is this trash?  It's a fucking generic, recycled photo-op speech.  Complete tripe

Oct 27, 2011 10:50 PM

no...The One didn't actually write it.  Or it was heavily 'edited'

NeO doesn't write the shit he SAYS every day, why would he write the shit he writes either?

Oct 27, 2011 10:52 PM

no...Eurasia fooled us into thinking that during our rage week against Eastasia.  We've always been at war with Eurasia

Oct 27, 2011 10:54 PM

I will serve as Secretary of Truth and the mastermind behind the scenes who tells you what to say

Oct 27, 2011 10:55 PM

he "said" that we've had 19 months of job growth?  WTF shit is he smoking?  All the data shows labor force participation at 50-year lows and even the headline UE number hasn't gone down an inch even as massive numbers fall off the edge of the 99-week earth

Oct 27, 2011 11:06 PM

plutonium is an alpha emitter.  Short-lived reaction byproducts emitting beta cause Cerenkov.

Read the article again, boys...can you hear that Mr. Anderson?  It is the sound of contraction; it is the sound...of the 400-year global growth economy's death.

Aggregate contraction is upon us.  It DOES NOT MATTER what accounting bullshit they pull.  Debts can't be repaid.  None of them can.  Anywhere.

Oct 27, 2011 11:25 PM

ok, but in 30 piece increments

Oct 27, 2011 11:58 AM

people will have to find meaning beyond possessions?  WTF is the world coming to?  Personality will matter?

Oct 27, 2011 12:55 PM

gold actually down in AUD and BRL terms....dollar is getting fucking SMOKED today.

Where are the deflationists?

Oct 27, 2011 3:00 PM

?  I wasn't the one who said that.

Oct 27, 2011 3:03 PM

Douchinger doesn't have a job

Oct 27, 2011 3:20 PM

printing will be occurring that you can't see.

Oct 27, 2011 3:27 PM

tell her u wish she were 16.7% younger.  Women are very vulnerable to emotional attacks against their age, looks, or anything related to desirability/marketability.

Oct 27, 2011 3:44 PM

Europe is going to say no and print.

The political costs are lower for the latter.  Tell China to fuck off and close your import markets.

China is nationally operating at nearly zero profit, which is why they have to be increasingly bellicose.

Oct 27, 2011 3:47 PM

doubtful...Germany holds cards, China really doesn't.  Maybe over the PIIGS but they aren't going to extract any concessions from the krauts.  Germany will VETO anything which materially hurts THEIR mercantilist and protectionist economy.  Bank on that.

Oct 27, 2011 3:53 PM

And Europe says "go fuck yourself."  The EU collapses, Germany arms up and motherfuckin invades China and burns their little slope ghost towns to the ground.

People keep acting like china has cards to play...they don't.  They are just WILLING TO PRINT.  And they have, wantonly.

There isn't any VALUE there.  The overcapacity has reduced almost all of what's IN China to negative ROI "assets."

Oct 28, 2010 1:08 AM

what part of "credit must grow" are you cretins freakin struggling with?  GFD is Douchinger running this site too???

I had this argument 2 years ago where I predicted that if private credit origination did not pick up that the government would take up the baton and MAKE you borrow.

There's no way out of this math, the credit system must grow or else.  The Fed has no choice but to print the coupon and force the origination.

No, the economy won't recover, oil has peaked.  It won't really gd matter what the Fed does.  Just accept that and move on.  Pigmen will sit at trough-head and continue to buy Ferraris.  The banks own the Fed anyhow; they are the shareholders.

Oct 28, 2010 1:15 AM

I think this is all Bush's fault.

Really, we have a fucking President who didn't want Kanye on a fundraiser saying he didn't like black people.  So he had BP put a toxic chemical rug over the Gulf hoping that the oil could be swept under it, and a national media run by cousins of those who built the racial engineering pyramid of which he is the capstone.

Do not expect any mainstream source to EVER admit this guy is a failure.  70 years of social engineering by generations of cousins will NOT be allowed to be fucked with by something as mundane as the truth or reality.

Oct 28, 2010 1:53 AM

WTF?

There is NOWHERE to put the money to work paying a freaking 6% return!

Money in the bank doesn't MAKE money by fuckin magic, dude.  There's no ENTITLEMENT to a nice fat coupon with no risk.

This notion that money can do work and just grow by the magic of interest compounding is what needs to go.  There's no demand to borrow at rates higher than the Fed is offering - THAT IS WHY they had to drop rates!

Money in the bank is a LOAN to the bank!  If they cannot reliably get 5% return on it, how the hell would anyone expect them to PAY that?

Oct 28, 2010 3:20 PM

everyone acts like this is a war.  Brazil is BUYING our currency...China has been for decades.

They are ASSISTING us in the devaluation by propping the USD up longer than it should, devaluing themselves in the process.  Win/win for the CBs and big industrialists

Oct 28, 2010 9:00 AM

but...but...that guy who worked on wall street told me that this type of practice can't happen!!!!11

right here on ZH, he said that HFT was just trying to do daytrader momo trades that just don't last very long

Oct 28, 2011 1:09 PM

more dire predictions?

Oct 28, 2011 1:10 PM

I think people bought Greek debt for the same reason they buy GSE paper...it's considered money good because the expectation is that there is a print operation behind it to prevent any default

Oct 28, 2011 1:12 PM

sizzurp is hardly deadly, but is very popular among a particular demographic.  But, surely poverty drove them to consume so much drugs; it couldn't be that consumption of tons of drugs leads to poverty.

Oct 28, 2011 1:24 PM

Young people should band together and bloc vote to act totally in their self-interest, just like all the other groups do.

That means work for the repeal of SS, Medicare, and all other generational transfer payments and work to enact legislation reversing the transfer and institution of age taxes.

Instead, the doe eyed libtards sell themselves into bondage by buying ALL of the bullshit the richer, older generations feed them.

Oct 28, 2011 1:30 PM

not even close.  The barriers to entry for gringos and commoners can be steep in a lot of places.

Most of the places Black cheerleads have websites with horror stories of dudes who married local bitches and came home one day to find themselves kicked out and the bank accounts drained and all personal property expropriated and a police force that said STFU gringo go home.

Black is an IDIOT to think that actually living in these places, as opposed to visiting, and in good times no less, is as easy and simple for a gringo as it is for a local.  When things turn south, you have NO rights there; they will SHAMELESSLY discriminate.

The only societies where you can expect a fair shake are WHITE.

Oct 28, 2011 1:33 PM

The japs lost and they've been browbeaten since.

As for Europe, it's the yoke of the defintion of "racism."

Europeans and whites in general have nothing to be ashamed of, even IF there were such a thing as collective sin.  Yet tons feel "guilty" for slavery and other shit they had nothing whatsoever to do with.  Blacks don't have an OUNCE of guilt over the tens of thousands of violent crimes that other blacks commit yearly- ask one of them or better try to blame them in terms of "collective sin" and see how the conversation goes.  They will straight-facedly tell you that as a white person, you DO bear guilt for any sin committed at any time by someone who superficially resembles you.

Oct 28, 2011 1:34 PM

the old people tell them to keep paying that SS and Medicare

Oct 28, 2011 1:37 PM

nice white girl in Sudan...among a giant mass of people instinctually looking for more advanced genetics for their offspring...should work out "smashingly"

Oct 28, 2011 1:38 PM

I been sayin it for what, 1.5 yrs now?

Oct 28, 2011 1:59 PM

Greece should be shown the door and told to fuck off

Oct 28, 2011 12:54 PM

WTF difference does it make WHAT the haircut is?  Greece won't abide by any budget targets and will be back needing ANOTHER bailout in freakin 6 months.

Why should ANYONE take a writedown on Greece?  They should go take Greece as collateral.  I cannot believe that these idiots who thought up the EU would ever want a piss country like Greece in their club...wtf.

Oct 28, 2011 2:42 PM

must be a trip to get the front cabin on AF1

Oct 28, 2011 7:27 PM

then pass a mandatory retirement age law...duh.  Mob rule is easy

Oct 28, 2011 7:30 PM

stupid fuck, stop talking about ancient history when we're discussing NOW.

The ONLY SOCIETIES you will get a fair shake in are white.  That does not imply that you will get a fair shake in ALL white societies.  The only place you can expect to be treated fairly would be scandinavia.

And no, white men do not slay anywhere near the rate that blacks do

Oct 28, 2011 7:32 PM

I don't watch TV, retard

Oct 28, 2011 7:38 PM

Are you really that freakin stupid?

White people's solution to selective pressures in Africa was refrigeration, electric power, and modern medicine.  Oh, and the "house"

Oct 28, 2011 7:41 PM

the muslims in India are the ones that instigate.  Hindus usually just retaliate

Oct 29, 2010 3:57 PM

worst part is all the people who voluntarily just walk through the backscatter Xray.  Like they don't care or don't know.  I always opt out, go ahead and waste your time frisking me.

Oct 29, 2010 4:45 PM

The fed has no choice but to buy up all the excess bonds to fund the USG.

You guys who say there will be no QE2 cannot apparently do basic math.

There is NO WAY for the USG to self-fund without QE

Oct 29, 2010 4:52 PM

shit dude...don't try to sell a car or jewelry or a motorcycle or something.  Someone on CL may rob or shoot you.

WTF do you people do all day that you have time to come up with this crazy shit?

Oct 29, 2010 4:54 PM

Trade flows must normalize

Oct 29, 2010 5:00 PM

Again, I guess basic math isn't a strong suit around here when discussing rates.

If the rate structure blows out, the USG is insolvent.  The only way it can remain solvent is for the Fed to buy the goddamned auctions.

Increasing rates are deflationary and will suck credit out of the system, which is the exact OPPOSITE of what the Fed *needs* to happen as a result of our creditmoney system.  True deflation would place the sovereign into de jure default.

Oct 29, 2010 6:51 PM

austerity is for the little people

Oct 29, 2010 6:53 PM

well, china DID buy the fkin yen up.

But NOBODY is allowed to buy the yuan.  Brazil's purchase of the dollar buys the yuan vicariously...everyone's in it for themselves and everyone's interests are contrary.

The world wants a fucking strong dollar but their own currencies to be weak!

Oct 29, 2010 6:59 PM

no it really has everything to do with Hitler's having killed lots of jews

Oct 29, 2010 7:05 PM

not buyin the OP...the GOP was in fuckin power for most of the decade and the last liquidity crisis brought us a massive rate cut climate.

There is no room to raise rates now, NONE.  Creating more compound interest drag on the money supply would be implosively fatal.  It's the opposite of what the Fed's metrics are telling it.  They have to find a way to engineer more sharply negative real rates.

Oct 29, 2011 1:00 PM

why would they stockpile an industrial metal that is not particularly scarce?

If they wanted to stockpile, palladium and platinum are far better candidates

Oct 29, 2011 1:02 PM

the pattern I see is your misspelling of at least one word in every sentence you write.  People who cannot write properly just plane[sic] have no credibility

Oct 29, 2011 1:08 PM

greatest.movie.ever.

Oct 29, 2011 1:42 AM

You are ALL WRONG.

Summers is correct.

Let me explain how- the ONLY way to fix the problem of not growing is to grow more.  That is precisely what summers is referring to, whether he knows it or not.  We're in an economic model that TOTALLY DEPENDS upon growth.  All of the expectations that every one of you has is predicated upon a growth model.  All that you have, are, and know comes from that.

The reality is that we cannot grow and that means there is no solution.  Every person who thinks that there is some magic prosperity going to break out as a result of undoing all the bullshit over the past 40 years is a fool.  We can't just go to a gold standard and have prosperity.  We can't jail all the banksters and have prosperity.  Confidence is down for GOOD REASON.  It is because there is an undercurrent of collective point of recognition that there is contraction in the future, NOT growth.

Jailing bankers and gold standards and Glass-Steagal won't resurrect declining oil fields.

Oct 29, 2011 1:47 AM

Won't matter.  Oil supply has peaked...if this is THE PEAK, then it is the peak for ALL TIME.  Do people really have that much trouble accepting this?

What it means is that all of this crap, stimulus, economics, all of it, was a mfing MIRAGE, as was all of our "confidence," our expectations, what we thought was real, and our understanding of the "social compact."

We either hail mary with fusion power or we contract.  The debt overhang will make that contraction severe but no more severe than when the next batch of demographics realize that there won't be a bigger pie to fight over, but a smaller one.

Expectations will have to adjust...we are proceeding toward a feudal society where social and economic strata become really more fixed than this "American Dream" crap led people to believe.

Oct 29, 2011 1:57 AM

spot on.

Without an increase in aggregate energy inputs, how can consumption be expected to resume its increase?  It cannot and will not.

The growth system has made the lizard usury palatable.  It was acceptable to pay a fee to the chosen, eh what the hell, money was flowing like water.  In times of crisis, this will reverse.  Waste and parasitic drag like diversity and things like the ADA which mandate immense waste on the 1-in-10000 chance a person in a wheelchair actually needs to park their wheelchair van, become unacceptable in hard times just as wasting food or not eating the crusts is a whocares in prosperous times but verboten during famine.

This will provoke a low-level class war where the usurers, deprived of their steady income stream, begin to attack the pie itself to grab a larger fixed share.  When incomes wane, you go after the producing assets.

Oct 29, 2011 10:39 AM

banking didn't begin in the early 1800s.

Prior to oil came coal..same thing.  Next time I'll say Hydrocarbon Age, which is a better, and more accurate shorthand.

The steam engine didn't run on banking or interest- it ran on HYDROCARBONS

Oct 29, 2011 10:44 AM

yes....and the reason "fiat" like we have is still worth something is because the debt is to be paid back with future growth.  There is somewhat of a match between a debtdollar and some "thing" out there in the economy upon which a claim can be laid.

Take the economy away and the debts aren't worth much.

Oct 29, 2011 10:47 AM

uh...supply is falling, not rising.  You may mean to say that there will be increasing slack capacity; if so, say that

Oct 29, 2011 11:45 AM

um...it's not a show about gold mining.  You can watch those on History or Science.  They are very boring.  The people are all geologists and serious businessmen.

Gold Rush is a reality show with a bunch of tools who do stupid shit and fight, so you can laugh at them and gasp at the trainwreck that they jointly and severally are.

If YOU were an "investor" like that Texas guy bullion dealer supposedly is...would you in ANY WAY invest in these idiots after seeing how much gold they pulled out in season 1?  After seeing how utterly laughable they were?  Of course not.  The whole thing is backstopped by Discovery.

I mean, you can read all these boring reports on ore grade studies and geosurveying from real gold miners, the high-beta juniors operating in Brazil or Ghana or lots of places.  These guys were trying to get onto some piece of land in Yukon and didn't even get a water permit.

The show should be renamed "Watch idiots dig big holes and wreck shit"

Oct 29, 2011 11:51 AM

Jap made stuff was never really that crappy...maybe in the fkin 50s. When the CVCC came out, it pretty much took over the market

Oct 29, 2011 12:05 PM

yeah and why should you have said no?  You can't take the vacations when ur dead

Oct 29, 2011 12:06 PM

"lose," dumbass

Oct 29, 2011 12:32 PM

China built an entire economy off the imbalance.  So did Germany.  I mean, who really was out there who DIDN'T note that the debts were unsustainable?  Assuming growth continued, everyone figured just run the game till it died.

It was a matter of cross that bridge when we get there.

Protect the people from WHAT, granite countertops and SUVs?  The "average" people who are bleating are idiots and had EVERY chance to fall into a hole and get rich these past 30 years.  Instead they lived the good life; they have nothing to complain about.

Oct 29, 2011 12:37 PM

nah...all this exposure nets out.

CDSs were used to drive credit growth via synthetic debt...that is the subject you need to research.  It will twist your head around when you recognize that a CDS is like a bond in reverse, except without the capital upfront.

Oct 29, 2011 12:45 PM

yeah, Argentinafication.  That's how life is in most of the 3rd world; no middle class.  Clockwork Orange kinda shit

Oct 29, 2011 12:45 PM

gold can be created synthetically as well, just not in abundance.

Actually synthetic pure diamonds are going to be the future for semiconductors

Oct 29, 2011 12:51 PM

Idiot...the US was the world's strongest oil producer in those days.  At BW, they were still a decade away from laughing at Hubbert's prediction of a US peak 25 years hence.

We plundered those nations by introducing them to things like cars, air conditioning, and electric power, huh?  JFC, we're the worst empire in history.  Kinda like the Romans, everything got uplifted after they invaded.

BW was a GOLD standard, not a petrodollar, dipshit. 

Oct 29, 2011 12:54 PM

you can't stop it, dude.

You can't prevent the population of deer on an island from crashing once they pass their peak food supply rate.  Just be one that isn't caught up. 

Africa is where a billion will die when western food aid and medicine inflows cease.  We developed a vaccine for their fuckin malaria and we're still the evil whitey.  We have oppressed them for 30 years with enough food and medicine to double their population and they're STILL starving. 

Oct 29, 2011 12:58 PM

Norway and other homogeneous countries will be just fine.

If they are smart, they will immediately begin PRINTING currency to meet demand and then using it to buy up foreign countries.

Oct 29, 2011 2:00 AM

an interest rate greater than 0 on money you lent that you conjured from thin air is "excessive."

The ORIGINAL definition of usury was lending AT interest.  In the Torah, there exist a couple commandments:  one is to not lend to your "brother" (a triber) at interest.  The other is a commandment to ALWAYS lend to a gentile at interest.

And, yes, this religious obligation is INTENDED because "god chose us to rule the planet."  It doesn't matter if nobody still believes in God or has ever read this crap; it's part of the culture, the teachings, the society.

Oct 29, 2011 2:06 AM

dude, where ANYWHERE have blacks FAILED to destroy the civilizations they inhabited once they became beyond a sizable minority?

The crime, drugs, and degeneracy are ALWAYS there and eventually chase all the civilized people out.

The fuckers in Camden are not effing DESPERATE, they're just doing what they are gonna do ANYWAY.  It is those types of BEHAVIORS that lead to the blight!

I mean, fuck, Iceland just went through an economic collapse and I didn't see that shit there. 

Camden will become little Africa just like Detroit has

Oct 29, 2011 2:07 AM

no, they wouldn't have.  They'd just squat on walls and streetcorners like they do whereever in the world they are.

Oct 29, 2011 2:19 AM

civilization grew in the absence of interest banking, moron.  The biggest scam perpetuated by economists is that banking and credit CAUSED this, when anybody who looks at a plot of "civilization vs. time" can see a gigantic spike at the onset of the Oil Age.  Energy did this, not banking.

capital diffuses to the masses through wages.

You're really not this stupid but you do a good job of pretending to be.

Oct 29, 2011 7:34 PM

as far as autopilots go, yes, this is the case.  Especially on Airbus planes.  In those aircraft, the pilot is expected NOT to take the controls except in extreme circumstances and that is the training that they receive.  In fact, this had led to several crashes.  One was on a Korea Air plane where the pilots, in attempting to deactivate the Airbus AP, ended up in some obscure submenu of the autopilot control and ended up crashing.

The most notable was the Air France 447 crash out of Rio.  In that case, telemetry suggests that faulty (yes) Thales pitot tubes iced up as the plane inexplicably flew into a strong TSRA that other flights diverted around using onboard weather radar.  The Thales units were known for having issues with icing.

The autopilot on 447 became "blind" due to failure of airspeed instruments and handed control to the pilots.  Experiencing extreme turbulence, the pilots went to maximum power and climbed, which is SOP for turbulence.  However, they weren't paying attention and climbed the plane to its service ceiling at FL380.  In the span of 15 seconds, the plane registered AOAs on the wings from normal to 45 degrees, indicating that the pilots flew the plane upward into a stall.  At that point, altitude began to bleed off rapidly, at approximately -10,000 fpm.  Still, they had over 3.5 minutes to recover.

And, cockpit recordings suggest that they had NO CLUE wtf was happening.  The captain had recently gone to sleep due to relief procedure (standard) but he returned to the cockpit shortly after the stall.  The plane fell 38,000 feet to the ocean at a vertical drop of about 95mph and hit the water belly-first as it had been for the past 3.5 minutes.  Most of that time, the PIC had the stick full back, which is the opposite of correct on a stalled jet (which is never really intended to be flown in that part of the flight envelope).

Maximum airspeed plus maximum altitude is known as the coffin corner of the flight envelope.  You can google this if you don't know what it means.  It's unclear if the pilots had any training whatsoever in stall recovery but it's clear they did not even realize that they were stalled.  When crash was impending, they were severally asking wtf, how could this be?

However, those who suggest, as Tyler did, that there is something at all wrong with autopilot flown planes are categorically wrong.  The PRIMARY REASON for the decrease in aircraft crashes is because humans have been mostly removed from the decision and control loop.  ANYONE who has done failure analysis realizes immediately that humans are orders of magnitude more failure-prone than machines, whether that be service calls for the office photocopier or commercial airliners.  We do not WANT humans touching the controls in most circumstances.

Obviously, in edge failure cases, this produces a total loss event, and surely Sully would have recovered that A330 with the same diligence he piloted the A320 into the Hudson after birdstrike induced total engine failure.  But, in the aggregate more lives are saved by not having pilots flying.  In the case of 447, the appropriate remedy is not more active pilots, but rather more sophisticated automation and better instruments. 

Airbus recommended to all carriers replacement of the Thale pitot tubes but did not make this mandatory.  Suffice it to say that after similar instrument failures of these units, the FAA *did* and consequently, all these Thale units were replaced with Goodrich systems which were substantially more robust and resistant to this type of icing.  Unfortunately, this occurred after 447 was already lost.  A computer properly programmed would realize the jet was stalled and take appropriate action better than a human, and it's clear from telemetry analysis from the black boxes what happened to the flight.  Flight control systems are not broad enough yet to account for this.

All the modern jets up there are FBW and the modern military jets cannot be flown without a flight computer as they lack static flight stability.

Oct 29, 2011 7:42 PM

don't be a fool...computers crash FAR LESS than humans.

We are flying essentially the same planes with the same maintenance procedures now as 30 years ago, but loss events are getting rarer.  In the US, we are now routinely going so long without air crashes that they are extraordinary events when they do occur.

The only material change over the past 30 years is the increased sophistication of autopilot.  For every Sully where a human performs a heroic salvation of a plane, there are 10 or probably more where humans CAUSE a crash.  More lives are saved by removing humans from decisionmaking and control.

If we had autodrive cars, you'd see road crashes drop by 90%.  A terminal human failing is arrogance and the fact that our decisionmaking is heavily compromised under stress and fear.  Nevermind alcohol.  I don't worry that the autopilot is suicidal or drunk or didn't get enough sleep because the airline is interested in profits.

One valuable initiative the government could sink money into, instead of killing people, would be to develop deeper and broader automation systems for transportation.  Nearly every subway train is now autodriven, most planes are, why are humans still permitted to drive?  They are slaughtering each other out there.

Now we even have automatic robot planes and what they're not telling you is that yeah, these things are on target acquisitions where they have no human intervention.  The computers are taking 100% control of the mission, takeoff, flight, loiter, kinetic action, return.

Oct 29, 2011 7:46 PM

LOL...I always got a hoot out of ST.  "Go to Manual."  LOLwat?  Manual?  On a fuckin starship capable of exceeding the speed of light?  There'd be no such thing as manual control on a crate like that.  And then they would hotwire the fuckin thing and of course everyone aboard knew the schematics, even the doctor.  U can't hotwire a freakin CAR these days, but you can manually dick around with antimatter injectors hahahaha.

Hell, even LIFT BUCKETS only take operator input as a suggestion.  If the strain gauges know that a movement of that joystick up in the bucket would put the centroid outside the wheels, it refuses.  And stupid human lives are saved.

Oct 29, 2011 7:48 PM

If you want a pilot to have the ability to easily take over, fly Boeing jets (they are better anyway).

If you want the computer to basically be in plenary command, fly Airbus.  Airbus jets don't even have a yoke; they use a sidestick.

Airbus planes are known for the motto "low and slow," and the A340 had a special nickname, Babe...the pig who wanted to be a dog.  LOL

Oct 29, 2011 7:52 PM

The captain had no clue either...the tapes were released.  They were all like WTF WTF WTF.

Yeah, the stall horn was going off, but what was the voice telling them to do?  Pull up.  And they did, full back on that bitch, bellyflop into the Atlantic.

It's long past time to program computers to recover from stalls.  However, pitot icing...tough to come up with a surrogate for airspeed data.

The pilots in the middle of that TSRA probably had no visual reference to be able to judge forward speed anyhow and u can't see air at any rate.

Oct 29, 2011 7:55 PM

that's horseshit.  You have 6k on an ATP ticket?

There are abundant stories of test pilots exploring outside the flight envelope and nearly suffering total airframe loss before recovering below 5000' AGL.

I would prefer a pilot keep his stupid, fallible, mistake-prone human hands OFF the controls, thanks...

447 crashed BECAUSE OF THE PILOTS.  They were in control when the jet stalled by exceeding its service ceiling.

The pilots were in control because of known bad pitot tubes from Thale, ones that Airbus had already sent out a notice strongly recommending refit to.

Oct 29, 2011 7:59 PM

nowadays we have computers to do that sorta shit.  Flying the U2 during a mission was insanely hard, as they were pinched right up in the coffin corner, within 5kts of stall.

There's no human alive capable of flying the modern military planes.  If the gyros or computer fail, that shit crashes.

Oct 29, 2011 8:01 PM

being on autopilot is why air crashes are exceptionally rare events compared to 30 years ago.  All jets coming out now are FBW, btw, not just Airbus.  Boeing has a more assertive manual override capability.

Oct 29, 2011 8:04 PM

ROTFL, you really don't know, do ya?  The autopilot flies the plane, as in controls it from the threshold to the touchdown zone.  Pilots these days just drive around airports.  And that is why the most common aircraft incidents NOW are ground collisions or runway incursions...BY PILOTS who fuck up.

Again, the primary reason for the dramatic decrease in airliner crashes is because humans ARE NOT IN CONTROL of the plane.

Oct 29, 2011 8:12 PM

the Thale units were known to suck.  FAA eventually (after 447 and several other similar situations) said replace this, not optional.  Airbus had already recommended it; Air France chose not to.

 

Quick crib of NYT article:

"This could happen to any kind of pitot probe, but by the summer of 2009, the problem of icing on the Thales AA was known to be especially common. Why the probes were still in use is a contentious question, but here is what we know for sure: Between 2003 and 2008, there were at least 17 cases in which the Thales AA had problems on the Airbus A330 and its sister plane, the A340. In September 2007, Airbus issued a “service bulletin” suggesting that airlines replace the AA pitots with a newer model, the BA, which was said to work better in ice.

In response, Air France’s official policy was to replace the AA pitots on its A330 planes “only when a failure occurred.” In August 2008, executives at Air France asked Airbus for proof that the BA pitots worked better in ice, and faced with the question, Airbus conceded that it did not have proof. So it removed the claim from the service bulletin. Another five months passed.

During that time, another airline, Air Caraïbes, experienced two close calls with the Thales AA on its Airbus A330s. The company’s chief executive immediately ordered the part scrapped from the fleet and alerted European regulators, who then began asking questions. In their conversations with Airbus, regulators learned of the 17 cases of icing, and they also discovered, looking at those cases, that the failures seemed to be happening more often (9 of the 17 occured in 2008). None of the failures seemed to signal an immediate danger, so the Thales AA was not removed from service. Regulators simply asked Airbus to watch the problem and report back in a year.

It wasn’t until April 2009 that Airbus delivered test results to Air France showing that the BA really did work better in ice. By then, 19 months had passed since the service bulletin suggesting the same thing, but now Air France made the change. At the end of April, the airline ordered replacement BA probes for its A330s, and on May 26, the first batch of probes arrived. Five days later, when Flight 447 took off in Rio, the probes were still in an Air France warehouse, and none of them had been installed. All three pitots on Flight 447 were the Thales AA. "

Oct 29, 2011 8:15 PM

Are you actually stupid enough to believe that humans are better operators than machines?

I mean, such an assertion is very brash, and flies in the face of more than a century of increased yields in every process in which humans are removed and machines replace them.

I don't expect you to be impressed or even to comprehend this, as you are an archetypical stupid and incompetent human. 

Oct 29, 2011 9:15 PM

ROTFL...after getting bitchslapped, now you are going to argue over semantic distinctions?  hahahahaha

While the autopilot is engaged, the AUTOPILOT is in control.  It "has the controls."

The pilot is in COMMAND, at least nominally, but he is under particular procedures under which he is instructed to and not to disengage the autopilot and failure to adhere can be his ass.

Oct 29, 2011 9:23 PM

That is utterly irrelevant.  I won't expect you to know how.

And it's not 1969 anymore.  If we land on the moon now, it will be via automation.

Who flies B2s?  Who flies F117s?  Who flies nearly every jet?  Who drives subway trains?  Computers.  In fact, most modern airframes are aerodynamically unstable; they CANNOT be flown by humans.

Armstrong's achievement was utterly brilliant and should not be diminished by the fact that a current modern computer could do the same thing 100000 times exactly the same and without error.  Humans are good at certain things, but in shit like this we are outclassed by machines.  There was a time when humans were superior; that time has passed.

The Age of Humans ended with Watson and Deep Blue.  Deep crushed Kasparov and Watson mass murdered all humans at jeopardy.  It's a good thing; I welcome it.  People, especially those like you, shouldn't be anywhere NEAR the controls of anything that might hurt someone.

I mean, people like you with your human arrogance and stupidity are relics.  Common, but relics nonetheless.  Even the doofuses who did copy machine calls eventually got so tired of it that they put up stats on a page in front of the machine to indicate people should STOP CALLING THEM, as 91% of the failures were due to HUMANS.  Even amongst real machine errors, THOSE were probably 91% human too as in failing to fluff up the paper or something where the human didn't follow procedure.

Precision parts are made by robots with computer brains and laser eyes.  Thank goodness computers are in control of most flights; it saves lives.  Light planes are under human control and there's a reason that flight type is so frequently associated with crashes and deaths.

The more humans are involved, the higher the error rate goes.  It's a simple fact.

Oct 29, 2011 9:28 PM

do you really honestly think that a Lear is comparable to an A330?

How about an A380...do you *really* think that something like that should ever be stalled?  Big commercial jets should stay away from the edges of the envelope.

Oct 29, 2011 9:29 PM

lol...I know some.  Unstable is unstable, ego or not

Oct 29, 2011 9:32 PM

does this mean another astrologically driven (failed) prediction of calamity next week from you?

Oct 29, 2011 9:45 PM

Portugal translation:  USA PLEASE ICANHAZ PRINT?

Oct 29, 2011 9:48 PM

maybe they will become a gold haven in case of confiscation, for the few of us whose gold did not fall out of the canoe

Oct 3, 2010 1:32 AM

Economics is bullshit...bitchez

Oct 3, 2010 11:16 AM

You on somethin, chief? 

It did not go over my head...there's precious little that does.

I read into the first page and saw no discussion of energy inputs or any real economics.

Again, economics is BULLSHIT.  It is a monetary fetish pseudoscience practiced by charlatans who have no understanding of what money real is or was.  At least Marx's theories of value had some cogent basis to them and attempted to express money as a denominator, not a driver.

But I cannot be expected to take theories seriously that do not account for system headroom or other realworld constraints, nevermind systemic energy supply maxima.

To put it in mathematical terms, they are attempting to curve-fit in across discontinuous portion of the data

Oct 3, 2010 11:22 AM

You cannot be freaking serious with this.

You are comparing the predictive value of economics to something like thermodynamics??

JFC, let's compare it to newtonian mechanics, shall we?  Newton's Laws hold for 99.999% of all interactions in this universe, and only begin to break down at the Planck Length or at relativistic velocities approaching c.

WTF does economics have that could even hold a fucking candle to this?

This garbage paper above makes no mention of the true NATURE of our money and how "accommodative" monetary policy simply replaces one debt with another!  Economists cannot TALK money when they MEAN debt!  If they PRETEND that what we have is just fiat money then they are goddamned idiots.

EACH dollar of LENT money contains a built-in parasitic drag of compounding interest which is mathematically un-accommodative.

Oct 3, 2010 11:26 AM

Wrong...the monetarists failed to understand that the money they were speaking about was in fact DEBT and had to be paid back with interest, requiring exponential growth in credit demand.

It's really that simple.  The system is untenable.

Also, the economists were misled into believing that their credit bullshit drove economies, when it was really always surplus energy that did.

Real Bills Doctrine is all you really need to know about the "nature of money," or a simple dictionary definition will suffice.  The rest of it is pinhead angels crap foisted on us by people who weren't smart enough to be real scientists.

Oct 3, 2010 11:30 AM

only possible because of increasing debt elsewhere.

Listen, debts can only be repaid in debtmoney systems by MORE debts elsewhere.

Oct 3, 2010 11:38 AM

I'm gonna sum this fkin shit up in one sentence, for the "trav" Macro theory:

if you want growth in production, grow your energy inputs.

energy does doing. Money merely denominates it.

Oct 3, 2010 12:00 PM

If china is so long-thinking, why the fuck is their entire nation basically a toxic waste dump?

Cut the myth of Chinese exceptionalism, ok?  It's all bullshit

Oct 3, 2010 12:07 PM

Was this where the Royal Navy sailed and shoved opium up their ass?

I'm tired of hearing ancient stories about how brilliant Chinese generals used Go and shit to outfox everybody and his mother.  China is now a ponzi slave labor camp.

Oct 3, 2010 12:28 PM

Just more export ponzi BS

Oct 3, 2010 12:35 PM

And AGAIN I have to play the STFU card.

Dude, you CANNOT divide URR by consumption to get lifespan.

IT DOES NOT WORK THAT WAY.

An 11Bbbl resource will produce at most around 1mbpd.  This is 1/18th of daily US needs.

Not 6 months.  Not 1.5 years.  Not ANY AMOUNT OF TIME.  Oil is produced at a RATE that has very little relation to URR.

Oct 3, 2010 12:36 PM

right.  because this field will produce 18mbpd, huh?

Oct 3, 2010 12:40 PM

Is the earth going to get warmer?

people desperately need to stop thinking about replacement of only existing consumption and start thinking about the lost growth.

MAJOR changes are coming until the advent of a new energy input permitting resumed exponential growth.

Oct 3, 2010 12:47 PM

There is ONLY ONE way to inflate away in a debtmoney system and that is MORE fucking credit!

Second, GROWTH cannot continue forever.

ERGO, "must."

Get it?  THIS is plain logic.  Do not contradict me again.

Oct 3, 2010 3:38 PM

Do these idiotic fucking Euros think they're gonna LIKE what the hell they get from China?  China is a WANTON currency printer, they will buy the euro to the moon to cannibalize all of Europe's heavy industry.  There is no way that the protectionism of the EU and the protectionism of China can be reconciled.

Trade with China only works so long as the CCP permits you to export to them.  Once they've stolen your IP and start counterfeiting your products, they will slam the door.  The EU will NEVER get yuan appreciation against the Euro.  China is not in the business of appreciating their currency to normalize trade flows.

Oct 3, 2010 3:44 PM

Do you not understand how what you just said means "forever"?

Oct 3, 2011 1:55 PM

yeah, between those banks and several sovereigns, it's a competition to see who goes TU first.

Like I said back when the bailouts started, they have transferred all of the banking risk to sovereigns...now who can backstop those?

The game is over.  Debt is dead.  Debt can only be rolled or repaid by growth and growth is over.  It's not a fiscal problem or a monetary problem or even a problem with "excessive debt."  There is NO amount of debt that is not excessive when debt is expected to grow and it cannot.

Oct 3, 2011 10:28 PM

Germany is UNABASHEDLY protectionist and mercantilist just like China and Japan. 

China's trade policy has been predatory and mercantilist.  They have pegged to the dollar and such a thing should be impermissible.

Oct 3, 2011 11:13 AM

I'm sure if she pissed on a Bible, you'd have breathlessly called it high art

Oct 3, 2011 8:09 PM

wtf, they are already supported with massive tax expenditures and earn a pretty fuckin good living.

 

Oct 30, 2010 11:47 PM

NEGATIVE YIELDS.  That is what this is.

The OP talks about negative margins on consumer goods...we are in a NEGATIVE real profitability economic climate in the aggregate.

There is no demand for additional credit and there is no additional energy supply to support more capacity or consumption.

Destroying your environment to be able to eke out a tiny "profit" is a sign of a negative yield economic climate.  Nobody can make money with the energy overhead of nontoxic manufacturing now

Oct 30, 2010 11:55 PM

The PS3 should have been a canary in this mine.

Margins are thin or negative because of overcapacity.

What will happen is inventories will be worked through and then doors will be SHUT.  For good.  Then prices will go up.

Pioneer already shut their TV business.  We'll see consolidation until there is some pricing leverage.

But if margins are negative, who the HELL expects interest rates to rise?  Imagine you are thinking of borrowing to do consumer electronics business...what is the coupon your investment can support?  It's NEGATIVE.

We have to have negative rates because shit is negatively profitable now!  There is no demand for credit simply because there is so little to do anymore that is profitable.  As oil supply declines, it will push ever-more currently marginally profitable activity into negative profitability and it will be shut down.

sure, you can make this nominally profitable by offering free money but you CAN'T PRINT OIL.

Oct 30, 2011 1:06 AM

I find it amazing that you tell me I'm FOS and then agree with everything I've said.

"The problem is that management pogues who believe, as you seem to, that pilots are "fuckups", have insisted on having the pilots use the maximum level of automation available, all the time."

Pilots ARE NOT FLYING.  You, yourself, just agreed with me.  Did you intend to do that?

Next, "This is definitely not a good thing, especially when the automation fails, which it inevitably does, and the pilot has to fall back on his skills, which if they have not been exercised, can be quite lacking"

to which I say horseshit.  Accident rates have gone WAY DOWN with the advent of automation.  Your opinion is typical of most every pilot who ridiculously believes their judgment to be superior.  The CAUSE of most airline crashes throughout history have been DIRECTLY attributable to human error.  AF447 is yet another example.  The instrumentation failed both the computer and the pilots...the pilots did no better than the computer would have under those conditions.  These idiots flew the fucking jet to the service ceilling and stalled it.  WTF, did the altimeter fail too?  Say they were incompetent, whatever, that just proves my point.  These were professional pilots with thousands of hours and they FUCKED UP and everybody died.

SURE, could the pilots have been better in every case?  Of course.  But that is not the point.  Humans have mistake rates astoundingly in excess of machines.  That is a simple point of fact.  The introduction of automation to the cockpit has saved lives.  I don't honestly give a shit how much you DON'T LIKE that fact or begrudge the machines which will eventually take your job, but it's a fact nonetheless.

Error and Accident rates ALL ACROSS the spectrum have declined by orders of magnitude when humans are removed from the loop.

This may stun the shit out of your ass, and it probably will as pilots are among the most arrogant segment of the population, but there are risk consultants who drive the decisions airlines make.  They have determined EMPIRICALLY that it is of LOWER cost to have pilots fly LESS and have the AP go from threshold to TDZ.  It leads to LESS accidents, less lives lost, less cost for the airline because the machines fuck up less than humans do.

And, when technology matures enough, you will be doing no more than keying the mic; an anachronism like city subway conductors who are up there to say something about which stop you're coming to (if they don't have that computerized too).  Yes, do people feel better when they see a human pilot?  Sure.  This feeling is not rational, nor is it accurate.  But it's how humans are.

You talk about when the technology invariably fails...humans invariably fail and at substantially higher rates.  What would be disastrous is giving human pilots more control of aircraft.

 

 

Oct 30, 2011 1:07 AM

humans will kill you more frequently than machines will.

You people are irrational and your opinions are dismissed.

Oct 30, 2011 1:12 AM

none of the other instruments failed on AF447.  In fact, the black boxes were happily recording all the telemetry as the PIC had stick full back while the plane belly flopped into the ocean as the altimeter unwound.

The pilots screwed up.  They caused the stall and failed to recover.  Oh, of course, I'm sure you and Mike would have saved the day, of course you would have.  Every pilot you ask would have.  But they weren't there and they are bullshitting because you have no clue what you would have really done in such a circumstance.

Everyone is Sully in hindsight.  The problem in this case was bad pitot tubes known to have problems with icing.  This problem was compounded into mass fatality by PILOT ERROR.

Oct 30, 2011 1:26 AM

that's non analogous.

Were buses driven by robots, the accident rate would decline by 90% just like every other situation when humans are removed from the loop.  Fatalities are low for bus-pax-miles for different reasons.  And, "airplanes" includes light planes, right?  That is where humans do the most work.

Look, I love humans...I like bitches and arguing with people and playing sports and talking and hanging out.  But if I want something done right 1,000,000 in a row come rain, snow, sleet, and the rest, I give it to a machine.

Airlines realized that it is cheaper to them to have computers fly because they fuck up way less.  They tend not to overfly the fucking airport by 400 miles or fly into mountainsides in fog or get drunk.  If computers could taxi for us, that would be so ideal, much to the chagrin of all the pilots here who will INSIST they never made a mistake in their entire CAREERS, nor would they, but the computers actually wouldn't make a mistake.

Failure rates are so much lower for automated systems than humans that I really cannot believe that anybody would demonstrate sheer stupidity by arguing with this premise.  We need MORE automation of transportation.  Tens of thousands die every year from lack of it.

Oct 30, 2011 1:31 PM

Stefano Ricci?  Who knows, I don't wear that cheap shit.

I have a Kiton suit and some Brionis, too.

The reason?  Beauty. 

Only an idiot would suggest that a Ferrari is of higher reliability than a Honda.  Why the hell would I want to listen to a robot symphony? 

Look, man, all you're doing is proving my point.

Oct 30, 2011 1:35 AM

Exactly...having pilots in charge didn't help.

Attitude?  Umm...dude, the attitude indicator (art horizon) is not shown to have failed.

As far as explanation of the accident, read the reports; the black box analysis is out, and the cockpit tapes were released.  Nothing I've said is inaccurate.

The plane kicked off AP due to airspeed sensor fail.  Plane had turbulence out yin yang, pilots went to max power climb (AP had reduced power), plane climbed to 38,000 which was maximum altitude for this flight.  From about 4:11 to 4:11:15 IIRC, the plane stalled as AOA indications from telemetry suggested, and that is when altitude began to drop like a stone.  The entire elevator trip to hell was recorded in hi fidelity man.  All the shit the pilots said too.  Pitch was around 0 degrees most of the plunge.  The plane hit the water INTACT.  Totally fucking intact, pristine.  Belly flopped like a fat bitch off a diving board.  Big muffuggin splash.

And they found bodies in the crash position still in their seats.  Most probably died at impact; they found lots of fractures consistent with that type of impact and the bottom of the jet was flattened out, but it's likely some survived the impact then drowned.

I am FULLY aware that the AP cannot do stall recovery, and I marvel that people can't read for comprehension when I said that we need to make it so the AP *can* do these things so that we don't have to rely on faulty humans who kill entire planeloads of people.

Oct 30, 2011 1:35 PM

China is saying, plint rike we do

Oct 30, 2011 1:39 AM

Nope...professional pilots with thousands and thousands of hours.

But, of COURSE, not as good as our resident ZH pilots who would have done barrel rolls blindfolded and returned to Rio to set that shit down on Corcovado.

Oct 30, 2011 1:41 AM

Hell, planes at the gate are stalled too.  Wow.

447 crashed because of pitot tubes, man.  Read the NYT snippet, it's one of many which demonstrate that there were a bunch of other incidents due to these Thale units on 330s and 340s

Oct 30, 2011 1:44 AM

Well, Af447 flew right up and over the ceiling.  Result of pilot error:  200-some odd dead people.

And I agree with you, Autopilots are NOT DOING ANYWHERE NEAR enough.  We need to dramatically enhance their capability so as to give the pilots less chance to fuck up and kill everybody.

Oct 30, 2011 1:48 AM

the attitude indicator didn't fail and telemetry suggested buffetting before stall onset.

IOW, the pilots fucked up...a bunch.  AF447 was what happens when some mechanical problems intersect with human pilots.  The common outcome is lots of corpses.

Get their hands off the goddamned controls before they kill more people.

I don't hate pilots, I just recognize that they're humans and they make mistakes at a rate vastly higher than machines do.  So, being the compassionate person I am, I desire to get them the hell out of the loop so lives can be saved.

Oct 30, 2011 1:50 AM

ROTFL...thanks for bringing up cars.

Stability programs and ABS have reduced loss of life

Oct 30, 2011 1:52 AM

bbbut...bbbutt...the other guys said the pilots were up there steerin and shit.

I get laid all the fuckin time man, LOL.  I got hoez half my age, it gets tough sometimes keepin track of them and what shit i told to which one.

Oct 30, 2011 10:21 PM

gold up gigantic in JPY; watch it ratchet higher across currencies over time.  POG selloff not over yet in BRL

Oct 30, 2011 10:48 PM

looks like it just found another gear...79.26

Oct 30, 2011 11:19 AM

the difference is that the programs can be tested extensively.  The reactions of a human under stress in the failure situation, with death staring them in the face, cannot ever be rewound. 

You're a human, haven't you ever just "fucked up"?  I mean, we all have been driving and just done something just wrong and dunno why, even in the moment we knew in some part of our brain that this was a bad idea and yet did it anyhow.  Humans are funny that way.  Nevermind if the pilot was on an all-night bender yesterday or taking a BJ from the flight attendant.

Oct 30, 2011 11:21 AM

then, to be blunt, you're an idiot.  Your feelings fly directly in the face of established FACT.

Machines are more reliable than humans.  Period.

Oct 30, 2011 11:26 AM

JFC, TWA800 failed for reasons which were already explained.  The tanks contained vapor and oxygen, which will combust quite nicely.

As for 911, wtf...you are saying WHAT, that some EXPERT pilots volunteered to fly into the WTC in order to advance the NWO?  GTFO of here with that shit.

OR, are you saying they were under computer control which was capable of doing things a human pilot couldn't?  (If so, this just advances my position on APs vs pilots)  If this is the case, wtf did they do with all the important people who were on those flights?  What about the ground crews?

There is no secret that big with that many moving parts capable of being kept.

Oct 30, 2011 11:28 AM

nah, I flew...most expensive hobby out there.  I trust the AP more than I trust myself because I am rational.

Oct 30, 2011 11:32 AM

the B2 can't be flown without computers...it's not a stable design.  Without flight control computers reacting 100 times a second on the flight control surfaces, it would crash.  There is no human who can fly it.

An F117 crashed on takeoff because someone reversed the pitch and roll gyros; that plane too, cannot be flown by humans. 

I don't believe at all that an AP can presently do a Sully but this should change.  The more automation, the better.  Automation reduces error rates compared to humans in all circumstances.

Oct 30, 2011 11:36 AM

why the fuck would the elite want to destroy an economy that has made them so rich?

That's effing absurd and the timescales are far longer than a human lifespan. 

Don't be such a moonbat

Oct 31, 2010 1:03 AM

Oil supply is declining.  Nothing anyone can do about that.

Oct 31, 2010 11:04 PM

wow...this coming from the ultimate FR lender of all time, the Rothschild BOE?

WTF would England have ever been without fractional lending?  Certainly not the world's largest ever empire.

The problem with his proposal is that the capital simply does not exist nor will ever exist to pay back today's loans.

We are in a climate now of aggregate contraction and negative yield.  That means that even paying back today's credit base with all interest forgiven is a non-starter.

Oct 31, 2010 11:12 PM

the inexorable pull of gross trade imbalance is going to drag those reserves out of the closet; there's nothing that can stop this forever.

Oct 31, 2010 11:23 AM

the banksters have mindfucked you if you believe this.

Deflation in a monetary system where the money itself carries a compound interest component places the entire system into default on behalf of the bankers.

You really need to read history between the lines to understand why banking clans have been run out of countries or executed en masse over the centuries.  The system itself is a fraud.

The principal is created, but the interest is not - the system itself is in default as of its inception.  The terms of the loan "contract" then makes the real property available to the bankers as collateral.

Going into default via deflation and letting the fucking BANKS come collect all the real property and productive assets on account of their SCAM would be grotesquely unjust.

You bankster drones don't seem to understand why hyperinflation and printing happens and why austerity a la IMF follows:  it's because the nations inflating are trying to AVOID the inherent implosion in debt-based money!

Debt-based money is a TIMEBOMB that will inevitably go off...when it does, at the end, the foreign interests and banks swoop in and end up owning the land under your feet.

We do not "need" to just let this crime "run its course" and clear out the "deadwood."

Oct 31, 2010 11:24 PM

I'm not entirely sure what "1350" means...is there some significance to this price as opposed to another?

I've stated very clearly what I think gold is good for, it's good for walking with.  It's something that won't go worthless overnight.  It's something highly likely to be worthful wherever you might find yourself running to with the clothes on your back and little else.  It's what jews keep in little locked boxes with glass and a hammer and an inscription "break glass in case of Hitler"

I'm not at all interested in looking at it as a "trade" to exchange some amount of FRNs at one point then hope to get more FRNs at some later point. 

As far as weapons and ammo, I've several times advised stockpiling antibiotics if you want to be king of your block.

I've many times also said save what ever floats your boat.  If that is negative interest rate loans to bankrupt institutions (savings account), then fine.  If it's the notes of an insolvent state (bonds), then have at it.  If you can stockpile coal or oil or wheat as a savings vehicle, then great.  If you can stockpile pussies, they have value too and are an income-producing asset potentially.  Go with whatever works for you.

Madmax won't happen.  If you are interested in gold, you have to pull the trigger at some point.  A lotta people said it was "expensive" at 1000, 1100, 1200.  The bottom line is the dollar is going to devalue, just like in 1933.  There's no other way to make the math work.  It's going to happen.  It's best to begin planning for that eventuality.  Use your method of choice.

I'm on record as not encouraging anyone to buy gold or any other thing.  They can stockpile cruzeiro reais for all I care, because "cash is KING!!!!!11"  Doesn't matter to me, I got my own problems.  I do know that gold is in production decline since 2001 and I maintain that this is the primary cause of its price escalation.  A matter of basic supply & demand dynamics mostly, nothing special.

If there ever is a stampede to gold, you'll know it; it will look like the $850 high a few decades ago.

Oct 31, 2010 11:27 AM

HAHAHAHAHAHAHA...lol

And you know that GDP is measured in terms of velocity, right?

Oct 31, 2010 11:29 PM

LOLZ...um, re-read the EO.

It commanded surrender of gold to the Federal Reserve.  They got the gold.  Not Fort Knox

Oct 31, 2010 11:31 PM

settling in CNY is like settling in USD.  RUB is reasonably sound money nowadays but it's like settling in notes with a gangster.

Oct 31, 2010 11:32 AM

you are a myopic idiot.

There isn't enough money in the system to pay back all the banks the money they are "owed" plus interest.  The entire monetary system is in effective default.

This system CANNOT cleanse itself; it is mathematically impossible.

Oct 31, 2010 11:35 AM

Our monetary system has been picking our pockets for a century.

This is the real scam.

People cannot see the forest for the trees.  When you let institutions or people earn interest on the issuance of money such that the mere presence of money means that someone is owed a vig, you have a system which is mathematically and morally bankrupt.

Oct 31, 2010 11:54 PM

imagine a dying child...how much would a parent spend to save them?  If you're really of the mindset to be a vulture, NOTHING on EARTH compares to modern medicine.  People without access to basic antipyretics and antibiotics routinely die from ordinary, and what we regard as minor, diseases.

As far as gold goes, I mean, again, I'm agnostic.  It's a thing of value, nothing special beyond anything else with value.  Recall also Casablanca...remember the bride-to-be whose fiance needed money to pay Renault for wthever it was, a way out or something.  She was willing to trade to Renault the only thing she had of value in exchange, her pussy.  So Rick, bein the American stud he was, let the guy win enough in the casino so that she wouldn't have to whore herself to the town police chief.

So if you are walking around with an ATM between your legs, perhaps you have fewer worries.  But gold saved more jooz than Schindler's list, I'll tell you that.  Many people bribed their way past a Louis Renault with this metal.  I mean, hey, if you want to try FRNs and a blowjob, be my guest, your Renault may swing that way.  But if you show up at the border with nothing but 2 pussies and one happens to be attached to your wife and the other to your daughter, you may be forced into a Sophie's Choice of sorts.  You may not like the exchange rate if you know what I mean.

I just figure that the odds these days of waking up to an FDR move are considerably higher than I consider tolerable.  So, anyone who sees this, who sees systemic insolvency, better have some kind of contingency plan in place.  However you personally accomplish that is your business.  If you look over your asset portfolio and all you have is cars and furniture and a fkin HDTV to go with a bunch of digital IOUs from insolvent institutions, then I'd say that your position is precarious.

Looking across the economic landscape, would you really want to be OWED money right now?  Be counting on the ability to pay of your debtors?  Would you lend your money to BAC or C?  Or even Uncle Sam?  So if 1350 is "expensive," well that's the damn price you pay for procrastinating and not jumping on 900 when Douchinger said it was gonna crash.

Oct 31, 2010 12:06 PM

buddy...you really need to get up to speed on this.

Reserves don't matter.  Net energy or rate of production are all that are relevant.

I've written extensively on this throughout every oil topic on ZH.  The flow rate of Carioca will be a fraction of what a surface field of the same reserves class would produce.

I don't know why when we are talking about production rates, people like you continually interject something talking about endless supply or abiotic or some other crap like that.

Again, it is irrelevant how much in reserves there are, it is irrelevant where oil comes from; arguendo, it comes from magical fairies.

All that matters is the rate at which it can be produced, in net.

Oct 31, 2010 12:11 PM

this is just godawfully wrong

Oct 31, 2010 12:13 PM

you're wrong, as usual.

The oil economy is not more efficient than the coal economy.

Machine power is not more efficient than human power.

This may hurt to hear but nearly everything that you think you know and have come to accept as true is actually FALSE.

Oct 31, 2010 12:33 AM

so much gd bullshit.  Velocity?  Velocity is an unmeasurable ABSTRACT concept.

It has no effect on anything and won't solve shit.  Let's say you owe $105 and there is only $100 in the system.  There's no way to fuck with that by swapping $10 of the base back and forth at light speed.  Monetarism is a COMPLETE sham, a crock, and a fraud.  It was concocted by people who appear to FAIL to understand how our monetary system is constructed.

All these charts and graphs and they are so much wasted time.  The bottom line is that the credit base MUST grow or else it implodes.  Idiots who think that a foundational issue like this can be rectified by fucking with the nonquantifiable "velocity" part of some laughably bullshit equation like PV=MQ or wtfever, are utter fools.

velocity like the authors talk about is when people are trying to get the HELL out of cash, meaning its value as a confidence instrument is in a process of severe impairment.  I got no frakin clue how any economist would think that the rate at which money changes hands can solve a problem with the fact that there is NO demand for credit.

Oct 31, 2010 12:47 AM

it's because the fuckin bankers and economists are IDIOTS.

They are WRONG; it's as simple as that.  Sure they had to be sharp cookies to get this stupid monetarist shit, but they failed to understand that monetarism has NOTHING to say whatsofkingever about CREDIT demand.  I mean, gd, these are bankers, they pimp credit.  Our money is credit, that's the long and the short of it.

What the hell is velocity supposedly going to do?  BB thinks it will lead to an increase in credit demand?  What, to stampede out of paper?  THAT's the solution?

Get people borrowing to outrace hyperinflation?

YOU CAN'T PRINT OIL, ben!  These dipshits are clueless.  But...but, the MODELS all say that they can lower rates to 0% and create more production.  They never understood WHY production grew and how little it had to do with their parasitic endeavors.

don't tell me I'm wrong; I have high-IQ acquaintances who have economics backgrounds.  They don't get it either!

Oct 31, 2010 12:55 AM

it's worse than that.

They fail to understand the basic reality that energy supply growth causes economic growth, interest rates and all this monetary shit DO NOT.

Paper does not cause oil.

Oct 31, 2010 12:57 AM

let me get this straight:  you distrust government but you will stockpile their notes?

Oct 31, 2010 12:59 AM

Agree.  I saw the USSR about to collapse, the writing on the wall, the circling of the black hole, the unpayable debts, the imminent demise of the entire leviathan edifice.

So I ran out and converted EVERYTHING to USSR rubles.  Great idea, huh?  CASH IS KING!!!!!111

Oct 31, 2010 5:00 PM

i don't buy that shit.

Ethan Allen or Bloomies, thanks.  A lot of shit made in america; it's bulletproof.  I have a couple things from France and Italy too; they are very nice but not as solid.

Oct 31, 2010 5:03 PM

who CARES if import prices rise?  Then China will sell less and their economy goes over the falls.

THAT'S PRECISELY GD why they keep pegged to the USD!!!

Oct 31, 2010 5:08 PM

then, to be blunt, you're a moron.

A bag of freakin chips is $4 now.  gas is near $3/gal.  Oil at 82.  What planet are you on, man?

Look at a BMW 3 series or the price of an S-class.  Prices are up all across the board...the inflation has already happened.  Once inventory overhead is worked through and the intentional loss-on-energy via stimulus expires, prices will take another leap up.

Oct 31, 2010 7:39 PM

OP is correct.

There is no evil genius at the top.  It may seem hard to believe, but there is far more arrogance than intelligence up that high.  Intelligence would NEVER cut it moving up the ladder.  Only sucking up gets you high enough along with some good luck and the right connections.

Look at this panel...Bob Jewbin?  He's a mfing crook.  Bolten?  Abrasive moron.  The rest of them?  Same shit.  What does this show?  That the "leadership" DOES know one thing - how to play the red/blue "bipartisan" thing so that they cannot be BLAMED.

These people are truly NOT intelligent enough to know what the fuck is happening.  They will have advisers that will give them advice and they will poll "experts" and this is a total CYA move.  Then they will say no one could have seen this coming...

The "leadership" is the same cast of failed insider characters.  Smart people, true geniuses, cannot get INTO these clubs, ok?

Look, trust me on this...wtf would some arrogant, conceited asshole silver spoon born-into elite want with a goddamned genius in the room telling him, "you're a stupid fool.  If it weren't for your parents' money, you'd be nothing"??  Elites and aristocrats don't WANT smart people around; they want suckups, sycophants, and yes-men!  Marie Antoinette was an elite...how smart was SHE with that eat cake thing? 

At some point in these families there was genius, but mean reversion makes downward migration inevitable.  Organizationally, what matters most is status quo and pleasing your boss.

Oct 31, 2010 7:43 PM

Potent. Directors. Fallacy.

There is no super genius board of directors in charge.  There is no shadowy group of owners out there.

There are only idiots who've been sucked up to by yesmen their entire lives.  How "in touch" you suppose the Barons de Rothschild really are? 

You watch too many movies about super clever NSA and CIA people when in reality they are all out surfing for porn.  They're a bunch of government idiots who cannot solve tough problems.  Same as the Bilderbergers...

They are arrogant, not intelligent.  Great patriarchs who do *not* enshrine their estates in foundations realize that their offspring will blow the whole damned load within 2 or 3 generations.

Oct 31, 2010 7:47 PM

lol...too true.

If they keep Douchinger coming back it'll be because he is the bitch and gives them what they want.  Some kinda political blame bullshit.

Oct 31, 2010 7:55 PM

cut the crap!

There is no THEY.  Potent directors fallacy!

Oct 31, 2010 8:37 PM

dude...it's been explained to you already.

And yet you continue to come back and say the same crap again.

Same as on the oil threads; you were shown in gory detail exactly how you were wrong.  Then, the next oil thread you were back pretending as if it never happened.

I got no time to explain to you AGAIN why you are in error, ok?  Just accept that you are and move on.  It ain't gonna change anything, let's be honest about that.  You will return the next time and repeat this nonsense about Fed debasing currency and consequent interest rates.

Oct 31, 2010 8:43 PM

See, this is the fundamental problem with society.

It's people like you - you are an IDIOT.

You do not understand what is meant by the term EFFICIENCY, which is roughly translated as energy in versus energy out.

Why are we in cars, you idiot?  It's not because they are MORE EFFICIENT in terms of miles/BTU than walking is!  Machine power is in NO WAY more efficient than human power in terms of work done per unit energy.  That is the DEFINITION of efficiency, DOLT!

What machines do is do MORE WORK in the same unit time - they offer MORE POWER. 

You can VERY EASILY google a comparison of hand mined coal in terms of entropy vis a vis machine coal mining.  Then you can compare that to OIL.  You will very quickly see a DECLINE in efficiency for each process. 

We use machines because they do things we WANT, which is NOT EFFICIENCY, it is because they offer higher POWER RATES.

Pit a guy against a backhoe and you will find FAR MORE ENERGY CONSUMED by the backhoe to dig the ditch than the man.  Eat that, moron.

Here's a bit of advice - SHUT UP.  As I said in the previous post, everything you think you know is FALSE.  You haven't even a clear grasp of what the TERMS mean!  Your ignorance is dangerous and misleading.

Oct 31, 2010 8:49 PM

hey, you're on the right side of the truth for once lol

Gold isn't a trade.  Those who hold significant quantities of it are using it for the same purposes that the banks have historically.

If paper claim tickets to governments won't cut it, then they will stockpile a harder asset and lend against it

Oct 31, 2010 8:52 PM

LOL...maybe in Parana

Oct 31, 2011 11:58 PM

nah he's right...Democraps are among the most eggregiously hypocritical in regard to breaking the law, such as how Teddy Gun Control Kennedy had private security guards attempt to bring automatic submachine guns into the Senate building.

Repugnicons are total filth, but the democraps occupy a whole nother plane of hell

Oct 31, 2011 5:59 PM

how about as new Fed chairman?

Oct 31, 2011 6:01 PM

He went to the Bill Gross school of loading up on bonds for QEs

Oct 31, 2011 6:05 PM

There were also the diversity mandates to account for.

Any organization lacking appropriate diversity is to be shut down or else have diversity imposed on it at all levels.

Oct 31, 2011 6:10 PM

Tough to get yield?  What did you honestly expect when the economy stopped growing?

Yield isn't free...it comes from growth.

The real problem now for equity investors is the high implied correlation imposed by all the indexmonkey ETFs.  There are alpha plays out there but they get swamped by index moves.

Oct 31, 2011 6:12 PM

Nah, he's right.  If the idiot market will letcha, might as well make the hay.

BB will have no choice anyway...interest is eating the money supply and growth and production can't pay the coupon.  To keep it fluffed, like Japan, you have no choice but to inject periodically.

Oct 31, 2011 8:30 PM

it's all right there in the Torah.

God commanded them to rape, pillage, loot, and commit genocide.  He sayeth'd to them go down into Caanan and slaughter the fuck out of the people there and taketh their land and lendeth to the gentiles at interest

Oct 31, 2011 8:38 PM

They will try to shred their way out of this.

Regulators and/or FBI need to swoop in and put the seal tape on stuff

Oct 4, 2010 12:19 AM

poverty does not cause crime.  Neither does wealth disparity.

Otherwise the slums of Mumbai would be as violent as Rocinha.

There is one and only one correlation you need to examine to find a link to crime and it holds all over the world and has nothing to do it with poverty. 

Incidentally, WV is one of the least violent and poorest states in the US.  Crime causes poverty, not the converse

Oct 4, 2010 12:53 PM

as a 6" cube of gold weighs like 150lbs, this is a mere 13 or so of them.

Would have to distribute that load, lol

Oct 4, 2010 12:57 PM

We have an act of Congress now which permits gold ownership.  Be difficult to issue such an Order.

Nobody was ever prosecuted on account of 6102 anyhow

Oct 4, 2010 4:20 PM

I'll be at the front of the plane, will wave @ you guys

Oct 4, 2010 4:25 PM

All food is basically genetically modified.

How the fuck you think chicken breasts are so big?  They breed the chickens, cows, tomatos, berries, everything, including crossing different strains.

Oct 5, 2010 11:27 PM

Like I been sayin, senior tranche impairments.

It may be that the CDO trust doesn't even "own" the mortgage.  There goes recovery.  You start seeing the senior tranches melt down; there goes all the pensions and "AAA" investors.

Oct 5, 2010 3:46 PM

Told ya, these people are imbeciles.

Hasn't got a clue, believes his own numbers, total faith in his religion.

He will NOT accept what his lyin eyes are tellin him, he'll talk about "business pricing power" if bread costs $20 a loaf.

He thinks exponential growth is some kinda linear thing.

Oct 5, 2010 3:50 PM

I want to focus on one of your statements, "the system is insolvent."

A system of debt-based money requiring aggregate growth to pay today's interest in the future is by definition insolvent as soon as the future holds contraction.  That is where we are.

The entire INSTITUTION is insolvent.

Oct 5, 2010 4:01 PM

who gives a fuck what China thinks?  Let them do their mercantilist predation on Europe now.

It's only ok if THEY have a weak currency, I guess.  Fuck them.

Oct 5, 2010 4:06 PM

Mexico won't be around in 100yrs.

Passing to oil importer, drug gangs in control of a lot of territory...just waiting for a coup or disintegration.

Hey wait, here's a great idea; let's get as MANY of them as we can to move up here to turn up here into just like Mexico!!!!  AWSUMZ

Oct 5, 2010 4:09 PM

Answer, bitchez:

because if they don't, it's ALL WORTHLESS

Oct 5, 2010 4:21 PM

Good luck packin the 50,000 rounds you stockpiled because "ammo is useful"

Oct 5, 2010 4:31 PM

are you stoned?

Argentina?

the cities will force the hinterlands because that is where the people (voters) are.

Might wanna think about reading up next time before opening your mouth.  The City is the SAFEST place to be...everything you think you know is backwards.

Oct 5, 2010 4:34 PM

Why the hell would the trucks stop?

They haven't anywhere else a monetary collapse has occurred.  The government works harder to ensure that the power is on in the city than in the country.

All the idiots out there will be in their remote bunkers in the dark, fondling all their ammo. 

Power stays on a lot of the time even in wars, jfc, enough with the fucking madmax zombie apocalypse shit, ok?  Madmax was after a nuclear war.

Oct 5, 2010 7:59 AM

Imagine me in a room with BOJ economists trying to explain something like contraction.

these economists and politicians are driven to the point of madness to try to perpetuate something which cannot be

Oct 5, 2010 8:00 AM

Gold, bitchez...had to do it

Oct 5, 2010 8:07 AM

WTF does any of this matter?

We have no volume whatsofreakinever, insiders bailing by the droves, nonstop retail outflows, implied correlations near 1.  Ok, where exactly ARE the "money managers" who are buying stocks, where are the "bulls and the bears"?  Bc all I see is bullSHIT.

Oct 5, 2010 8:12 AM

Who cares?

Just look across the market...you see CREITS in levitation, nobody's gone BK. There's no volume, no buyers, no sellers.  The market is a wasteland.

All this talk of buyers and sellers, there aren't any.  The Fed is the bid.  PERIOD.  Bank on that.  And they are buying the entire market.

Oct 5, 2010 8:14 AM

Can somebody PLEASE EXPLAIN the concept of FINITE LIMITS, headroom, asymptotes, whatever to these economist CLOWNS?

How can one pretend to have respect for ANY of these idiots or their work product?

Oct 5, 2010 8:21 AM

Is this the "40 acres and a mule" retirement plan?

Oct 5, 2010 9:42 AM

bullshit.  They're clueless.

 

Oct 5, 2010 9:53 AM

There is so little real volume, the Fed can use a tiny bit of POMO cheese injected into the PM futes and then the algos handle the rest

Oct 5, 2011 10:16 AM

oh yeah RIGHT...you idiot.  There are MASSIVE amounts of abundant productive jobs out there in this economy.  HAHAHAHA.

That's why yields are 0%, right?

Oct 5, 2011 10:17 AM

and if you don't hire at least 80% minorities, Place Holder will come shut you down. 

Oct 5, 2011 10:18 AM

nah; the guys who've had to serve in combat are mostly cracked in the head now

Oct 5, 2011 5:26 PM

yeah, lol, I am sure they ginned up the FY10 number to look better than it was.  Now we see $162B of what should've been last year's deficit showing up in the first 3 days.  Lying as a High Art

Oct 5, 2011 5:34 PM

2 Fast, 2 Furious, bitchez

Oct 6, 2010 1:31 PM

Are most of you STUPID?

Fekete is not calling for a return to the fuckin gold standard, he is calling for a return to Real Bills Doctrine.

the VAST MAJORITY of what was "money" prior to 1914 was in the form of REAL BILLS, which were PRODUCTION backed.

Only some of the eventual liquidation of them was via gold because that was what the end consumer had saved!

Real Bills can be extinguished by any real asset; it does not have to be gold.  You could extinguish a bill via another bill, so long as BOTH eventually mature and BOTH are backed by some real thing.  Gold was merely a convenience.

The allies after WW1 did not want Germany repaying out of production; they wanted to lend Germany money to repay, creating the compound interest debt trap.  The allies had the Rothschild Bank eager to get another host State.

The idiots who claim that the 65' cube of gold could not "run world commerce" are fools who do not understand RBD.  A FAR smaller cube ran it less than 100 years ago, and the energy supply wave that coal and oil brought had begun 60+ years prior to the advent of global central banking on debtmoney.

Look, the Fed Act was a TAKEOVER.  Yet here we have people who BLEAT about the criminality of the Fed and yet defend the institutions of debtmoney and central banking.  Banks are supposed to be in the business of discounting and clearing, and lending their OWN capital for productive return.

Oct 6, 2010 1:41 PM

Price???  Idiot.

The MARKET fixes the ratio of oz of gold to buckets of coal to bushels of wheat to sides of beef and even to pussies.

Bills circulate backed by real production. 

What this causes is a destruction of the ability of bankers to MAKE money (acquire a SHARE of REAL PRODUCTION) via their monopoly on the issuance of money as DEBT.

You understand the primary difference between RBD and central banking, don't you?  In one, the bills self-create and self-liquidate as a function of the production cycle.  In the other, bankers LEND at INTEREST to one party who pays another.  In the end, THOSE debts extinguish when the banker gets HIS SHARE of whatever real production that INTEREST denominates.

Bank monopoly on MONEY creates free shit for bankers.  I say, let them issue their own scrip against their own assets at interest, see who fucking wants it.  Under RBD, people always had the option to PRODUCE or to borrow.  Banks held real assets that they lent out and that too circulated as money.

The panics came because of repeated malfeasance by BANKERS, and the domination of this profession by one particular set of cousins is the reason the clan has been repeatedly run out of entire countries throughout history.  Bankers have been cheaters since day one, when they figured out they could con people with fractional reserve.

Fractional reserve lets bankers EARN INTEREST on capital they DO NOT EVEN POSSESS.  This is why banking is inequitable and a societal EVIL.  Bankers and banking should be banned as contrary to public policy.  Let banking become lend your REAL capital, fine.  But every single financial panic, bubble, collapse, all of it, is traceable directly to the feet of bankers who committed fraud.

Oct 6, 2010 1:45 PM

oh it will.

Maybe not in our lifetime, but the collapse of debtmoney is inevitable.  Always has happened.

Read the history books; sometimes these collapses take decades.  We're in the middle of what our greatgrandchildren will spend a paragraph reading about.

The elites don't mean shit and they don't amount to shit.  They cannot control anything forever.  The books are rife with sets of elites that got replaced by other elites, entire banking clans led off to concentration camps and whatnot.

They cannot legislate VALUE nor can they adequately corral the whimsy of confidence.  The oil production curve will shit all over them and all of their elite efforts.

Oct 6, 2010 1:51 PM

Tyler - HORRIBLE headline.

Fekete is NOT calling for any kind of "gold standard" where any and all money is backed by gold.  He is, as I have, calling for a return to Real Bills Doctrine, where paper is backed by real things, of which gold is merely ONE out of a constellation of real assets.  Real Bills circulate as money, but they can be backed by oil or coal or the services of a doctor, or even by pussies.  There's no limit on what can back a Real Bill; anything productive qualifies, services OR goods.  Gold is merely ONE real thing out of zillions.

Oct 6, 2010 10:26 PM

JFC, wrong wrong and WRONG.

This is not how the system has worked for 600 years.

A true gold standard is a failure.  There is not enough gold.

REAL BILLS DOCTRINE.  How can you people read what Fekete et. al. (inc. me) write and not get it?

World trade was financed for centuries with real bills.  NOT gold.

Oct 6, 2010 10:44 PM

Not a person in 1000 has a fucking clue what's going on.

Didn't take the banks long to throw up a legislative shield for themselves, did it?  I'm not sure even if this particular practice became epidemic if the people would get it or whether the blue teamers would rant about Busch and the red teamers about Bama.

It seems to be the DEFAULT response to any claim of malfeasance...if you talk about how corrupt the banking system is, it's always, well Paulson bailed them out.  Or well, Obama bailed them out.  They can't even address it...total defeatist and sheep mentality.

Oct 6, 2010 10:45 AM

the muscle relaxes that permits blood flow in, the rest is pressure as the body collapses...common occurrence

Oct 6, 2010 11:01 PM

did Grayson vote against the notary immunization bill?

The only recourse we're gonna have is civil disobedience at the local court and then State level.

Gonna provoke some kind of supremacy clause crisis if the WHOLLY OWNED Federal government isn't reclaimed

Oct 6, 2010 11:13 AM

W&R *WAS* responsible.

Because they tried to sell actual shares.  Didn't they fucking KNOW that trying to actually sell real shares would crash the market?

FINE THEM

Oct 6, 2010 11:22 PM

All this leverage is the credit growth the system required.

Credit has to grow.

Oct 6, 2010 11:33 AM

How about all those signs in the hospitals in Spanish?

Oct 6, 2010 11:38 AM

You have a deathwish then.

Bc if the Blackwater guys are coming into your home, you are going to be shot and killed.  And they have impunity just like in Afghanistan.

Because they're all ex military and so are the fucking police.  And they will all just cover for each other and besides, the police are going to be doing the same kinds of things.

It's critical that any collapse be speedy, otherwise, state thuggery in the name of revenue is going to go apeshit.  AND you will still be paying income taxes.

It's wonderful how we continue to pay taxes ostensibly for parks and public services but now they are adding on fees and surcharges to "cover" the costs of these things...that we ALREADY PAY FOR.

Oct 6, 2010 11:44 AM

Yes, but if you are an illegal alien, you can waltz right into a hospital for free care.  If you're the right kind of minority, people will bend over backwards to get you free housing and free foodstamps and free money and free everything.

Better to be the right color and totally unproductive these days...you have rights!

Oct 6, 2010 12:04 AM

Well, see it's like this.

The FRN is backed by debt, itself it is debt.  The true real values of these debts as expressed by the ability of the debtor to repay, are eroding out.  The entire system itself is seeing a dilution of the value and moneyness of debt instruments because collective point of recognition is being achieved that the future will deliver contraction instead of growth.

So, the paper debtcrap is diluting versus real things.

Oct 6, 2010 8:28 AM

ADP is not official government numbers, so it should be ignored.

In fact, numbers like this should not be permitted to be released anymore because they are a threat to national security.

Oct 6, 2010 8:37 AM

seems I recall 750M oz of silver produced last year and no production peak, against maybe 80M oz range of gold with a production peak in 2001.  Silver is not rarer than gold.

Incidentally, less than 5M oz Platinum were produced in the same timeframe.  Maybe 70M oz of Palladium.

Don't ask me how you can still get either of these last two metals for current spot prices; either that or gold is overpriced.

Oct 6, 2011 1:06 PM

Reserves say nothing about production, you fat greasy ball of shit

Oct 6, 2011 1:09 PM

You'd be hard-pressed to write a more stupid rebuttal than that.

You fuckin retards still talking about reserves when they are irrelevant.  And you think you have something to say about Peak Oil?  The sheer audacity of your arrogance astounds me.

Oct 6, 2011 1:11 PM

How many times does it have to be explained to you fuckin MORONS before you REALIZE that the implication of what you JUST SAID is that oil production can rise exponentially FOREVER.

If you AGREE that it CANNOT, then you BELIEVE IN PEAK OIL, you freakin IDIOT

Oct 6, 2011 1:20 PM

and with retards like you who believe that oil production can increase exponentially forever, who the fuck can expect ANYTHING to be done?

This is really IT, isn't it?  Even amongst those who'd come to ZH, the vast majority are simply TOO STUPID to understand peak oil or shut the FUCK UP long enough and trust those who do to tell them what the fuck to think!

Oct 6, 2011 1:33 PM

yeah, because we can print all the oil right up, kinda just like borrowing it from a bank, right?

I can electronically CREDIT my gas tank with 23 gallons and drive right off?

No?

then SHUT THE FUCK UP

Oct 6, 2011 1:34 PM

are you retarded?

Russia/USSR was either #1 or #2 or #3 world oil producer for the past 60 years.

They were never nada unless by nada you mean pumping more than anyone other than the US or Saudi Arabia

Oct 6, 2011 1:36 PM

depends upon what you mean by civilization.

The growth age is over.

And for idiots to say oh we have no problem, we'll just burn gas...sets us up for a bigger crash because depletion curves in NG wells resemble BASE jumping spots

Oct 6, 2011 1:39 PM

How many times do I have to tell you people that you cannot divide reserves by desired consumption?

You have just led morons to believe that we've staved off the problem for another 1084 days whereupon "we will just find" another 1000 somewhere and on and on.

The production rate of these arctic deposits will likely satisfy earth's present consumption rate for maybe 1 hour a day.  That's being HIGHLY optimistic (a 4mbpd production base from the entire deposit structure).

ONE hour per day at peak is the best this can do.  It's the best tarsands can do, even with "reserves bigger than Saudi Arabia"

Oct 6, 2011 1:42 PM

you're right...it is impossible to be able to fully comprehend the depths of your stupidity

Oct 6, 2011 1:43 PM

you're not quite stupid enough to believe oil comes from dinosaurs or other large animals, are you?

Oct 6, 2011 1:46 PM

the price of oil is set at the margins...the runup ran far further than it should have, but that was caused by a systemic and prolonged exceeding of production by consumption.  It lasted perhaps a year or more as inventories were drawn down.  Price had no choice but to shoot up to a point where it could crush demand.

US consumption is down to where it was 10 years ago

Oct 6, 2011 1:47 PM

no, not particulary.  Titan has infinite reserves of NG.

How much would you pay for a nice 50 year lease there?

Oct 6, 2011 10:57 AM

I think you just described countries when you described Lehman

Oct 6, 2011 11:03 AM

can anybody still stand this mfer?

Oct 6, 2011 11:05 AM

all irrelevant in the face of the oil problem

Oct 6, 2011 12:06 AM

yeah...the overstatement of his impact has already gotten ridiculous.

Craapl was a consumer products company, for fuck's sake.  You can't put this shit on the same level as the airplane or light bulb despite the fucking cult following these stupid products receive from people who are functionally lemmings.

Steve Jobs is dead...I don't care.  Nobody should give a fuck.

Oct 6, 2011 12:07 AM

huh?  He didn't invent that, you freakin starry-eyed moron

Oct 6, 2011 12:08 AM

why is it that you retards are giving the CEO credit for shit he didn't do?

Oct 6, 2011 12:10 AM

uh, no we wouldn't, you retard.

The iPod was not the first memory-based MP3 player, nor was the iPhone the first fucking smartphone, the first touchscreen, or the first ANYTHING.  Xerox invented the windowing system, not Craapl.

You iLemmings need to get your heads out of your asses and stop drinking the koolaid.  Nobody CARES if you are browsing ZH with a craapl product.  Jobs had NOTHING to do with the product design of any of these things; he was a CEO.

Oct 6, 2011 12:12 AM

LOL...Microsloth OWNS Craapl.  To keep that stupid company alive, Gates poured in hundreds of millions and provided Crappls with MS Office.

Microsloth is why Craapl even EXISTS.  Your stupid macinshit computers haven't defeated anything except the record of how stupid a consumer can be to overpay for that pos

Oct 6, 2011 12:16 AM

dude, nobody fucking cares that you iMarched like an iLemming into an iStore and iOverpaid for a fucking pos computer, ok?

It doesn't make you entitled to grieve over someone you didn't even know like how morons try to constantly connect themselves to 9/11 to share in the attention.  It's pathetic in fact.

Just STFU about it and stop worshipping the fucking CEO of the company, gfd.

Oct 6, 2011 12:17 AM

were you a fuckin iFriend of the dude?

and you fuckin MISS him?  Did you even know his ass?

WTF is the matter with you people?

Oct 6, 2011 12:22 AM

you fucking MISS him?

did you know the dude?

I couldn't care less..he's fuckin dead.  So were a million other people today.  Happens to everyone.

NO, he did not ENRICH your fucking life with his bullshit consumer products.  His genius was in CONNING YOU into believing that he had.

Oct 6, 2011 12:24 AM

You fucking shitbag...shut the fuck up.

Jobs did NONE OF THE THINGS you MORONS credit him for.  NONE.

All the products were designed and invented by OTHERS.

Oct 6, 2011 12:27 AM

NOBODY would have invested in that STUPID piece of fuck company Crappl!

NOBODY.

It was Gates who saved your stupid iShit.  BILL GATES.  He is the wellspring from which you flow.  Microsloth OFFICE saved your stupid company and your stupid messiah.

People like you walk around worshipping Obama's feces too; you can't get enough of rockstars and people to applaud when they have babies.

Craapl was FINISHED.

Oct 6, 2011 12:29 AM

to an even bigger iCult?

Or how about a valuation of the company 2x the company that produces the shit everything runs on?

Oct 6, 2011 12:47 AM

Neither jobs nor Craapl invented the COMPUTER OR MOBILE DEVICE, you effing IDIOT.

NONE of his products are widely accepted in ANY business environment.  They are fucking CONSUMER TOYS for starry-eyed iLEMMINGS.

Jesus fking Christ you are STUPID

Oct 6, 2011 12:51 AM

Nobody asked for you to exist, fagfuck

Oct 6, 2011 12:53 AM

are you out of your motherfuckin mind??!?!?!

And, no I don't worship Gandhi, either...he was a dumbass and a coward.  Einstein at least you can respect.  You gonna put the iPhone up with General Relativity now, and the freedom of India?

Oct 6, 2011 12:56 AM

he means that MS's monopolistic practices were allowed to continue.

What did Jobs do?  he EMULATED his savior, Gates.  Couldn't beat him, so he joined him.

Oct 6, 2011 12:58 AM

dude, slit your throat and go worship him in the afterlife.

You are fuckin insane.

Oct 6, 2011 2:05 PM

Craapl is the ULTIMATE dogma now.  Neologism..."cultimate."  That is Craapl.

Oct 6, 2011 2:08 PM

Krieger is now just a useless idiot

Oct 6, 2011 2:34 PM

sure...but the point about Mike Moore stands.

The Tea Party BOOED OFF THE STAGE the career repugnicons who didn't represent them.  And they voted them out.  That's the difference between the iPod protestors and TP

Oct 6, 2011 2:35 PM

I support Obama?  WTF?

Did you forget to take your meds today, shitball?

Oct 6, 2011 2:37 PM

there was nobody more vapid than the 60s set.  NOBODY.

Look at the shit you gave us.  The main ideas of the 60s need to be put to death.

Oct 6, 2011 2:42 PM

the 60s wants equality and civil rights where nature provided no such thing.  They want someone else's kids bussed, for others to bear the brunt of the black undertow.  They're like this moron I was arguing with the other day, some 20 year old white chick who wants to do black studies because she was "helping" in Kenya.  Helping what, I asked.  Doesn't she realize that this crap has been going on for 40 years?  And the powerful and military and governments and corruption that she says keeps the poor down there are only being ENRICHED by the influx of aid from the West?  It's going straight into the bank accounts of the elite there and the solution is...MORE?

This is the problem with the 60s mentality and the people who came from it and the entire zeitgeist.  It's intellectually bankrupt but terminally conceited.  There has never been a mindset more divorced from reality and the more reality slaps it back the harder they try to deny and wilfully ignore.  Fuck the 60s and everything they stood for...it was wrong.  And fuck John Lennon too.

Oct 6, 2011 2:45 PM

i know someone who went down there, and trust me, she's not being funded by fuckin Soros. 

Oct 6, 2011 2:47 PM

is there free pussy there, tho?

Oct 6, 2011 4:09 PM

well, the 30yr mortgage rate is now below 4% according to some news blurb.

I gotta ask why the fuck do people have to PAY a banker for the use of this money?  It sure as shit ain't to compensate for risk, as the house is collateral and the fuckin banks just get bailed out anyway. 

Oct 6, 2011 4:16 PM

this term originated apparently in bavaria...producers refused the judenfotzen as they referred to it.

It's no accident that it was blamed on bankers and jews, as they were in charge of the banking system at the time and after Weimar, somehow, the nation of Germany ended up under 100% jewish ownership.  Even after YEARS of anti-semitic divestiture and legislation, by the time Hitler truly came to power, that level of control had only dipped to 33%.

The Versailles Treaty was institutional usury against a nation.  Same shit as was tried against Iceland and other sovereigns recently.  When the debt compounded faster than the economy, the creditors who conjured the money from thin air moved in to seize collateral, AKA the German nation.

This phenomenon CONTINUES to recur throughout history and is the origin of the Christian prohibition against usury.  Jews do not have such a prohibition; in fact, they have the opposite in their Torah, that of an affirmative commandment TO lend to gentiles at interest.  They are supposed to lend to their kin at 0% but always charge interest to gentiles.  Any progressive or liberal should immediately identify this as racism and should condemn it and the religious doctrine that sets it forth, branding both as hate crimes.

Oct 6, 2011 4:21 PM

no question at all...the Rocks and Morgans joined the unholy alliance that made the Fed, along with jews such as Warburgs and Rothchilds, Goldman Sachs, and so forth.

Yeah, if you're a Rock, you're in.  But the Rocks don't help generic "white people" like the tribe helps generic tribers.  The main difference is the institutionalization of racism among various clans.  Doubtlessly, some bootlicker will come along and blame that on white people.

The notion of a clan is itself supposed to be inherently racist,

Oct 7, 2010 1:17 PM

Niggaz, is you crazy!??!!

So this is the chicken game w/ BB at the helm...he is raising and forcing the exporter developing nations who want in on the Chinagame to call.

It's like the USD is an infection and these foreigners are inviting exposure.  The more the merrier I guess.

Is this IT for the world, these bitch ass nations can't develop themselves, they have to have an inflation racket and cheapen their own currencies in perpetuity to get anywhere?  JFC.  As long as this inflation bubble game is good for the elites in any given country, the band plays on, I guess.

Oct 7, 2010 1:35 PM

Dude, does the term "overbought" mean anything to you?

Things don't go straight up forever.  Gold was outside the upper BB, and RSI14 was ridiculously overbought.  MA support is way below here.  This was a classic sell setup in a bull market.

Given gold's previous runups into similar technical territory, we could be facing a several-month countertrend consolidation period

Oct 7, 2010 1:57 PM

you haven't figured that out yet?  same reason as posts tits

Oct 7, 2010 10:38 AM

yet there is SPG at 96 and SLG at 65...go figure

Oct 7, 2010 11:21 PM

Oligarchy, bitchez.

they run things; we don't.

Oct 7, 2010 11:34 PM

I am surprised that Douchinger's head has not already exploded with gold decisively above $1300...go figure.  Maybe he has a fat xanax prescription to control the stress

Oct 7, 2010 2:12 PM

+1

I thought you were pretty clear on this point.

At least the rightards are breaking with the GOP.  Leftards, when confronted with their team's malfeasance and corruption would just say "well Busch did it too."  As if that is sufficient to bring cloture.

They don't fucking care.  The primary concern and desire of a blue teamer is to see a red teamer frothing, bitching, and pissed off over the fact a blue teamer is in the Chair raping both of them. 

The libtard media is showing its stripes as clowns like Maher go after Teaparty candidates with maximum vigor...OMG she dabbled in witchcraft at 18.  WTF was Bama doin at 18?  High on coke and dabbling in homosexuality.  Oh, but that doesn't matter, he's blueteam.

The two parties need to collapse...pick one and watch the other fall of its own weight.  Right now the GOP is vulnerable and needs to be destroyed.  A few years ago I was saying the same thing about the demtard party.

Oct 7, 2010 2:16 PM

RCM now raising Ag coin premiums.  Now $2 per.

Welcome to scarcity...bitchez

Oct 7, 2010 8:02 AM

Goled, bitchez...

gold's previous parabolic phases ran pretty hard...recall the multiyear move from 250 to 750

Oct 7, 2010 8:50 AM

The gold price chart is more overbought than I can find at any point in the past 5 years.  I would be highly wary here.

The question is, supposing you take money out of miners in a 401k, where the HELL do you park it?  How much further could bonds run in a dollar countertrend rally...

Oct 7, 2010 9:52 AM

Nice vertical drop off 1360.  Would prefer to see it consolidate and burn some of this overbought off.  Don't like skislope ramps

Oct 7, 2010 9:54 AM

I was callin a trader friend for short at 1360...the price looks too overbought.  Dunno how deep the correction will be, but we'll certainly find out.  I would go short here with a tight leash but short something with a higher beta.

Will be interesting to see how or if the miners confirm any move

Oct 7, 2011 10:09 PM

nobody has any clue what to do because economists and the people in charge do not understand the physical world.

There is literally NOTHING that can be done once aggregate energy rate of supply peaks.  The rate of activity based on that energy must also plateau and then decline.  To a financial system depending upon continued growth for the coupon, it's doom

Oct 7, 2011 11:16 AM

I dunno if Bama can do it...I mean they gave somebody ELSE the Nobel Peace Prize.  WTF.

Oct 7, 2011 11:46 AM

you don't own it so long as you have to pay taxes on it

Oct 7, 2011 11:47 AM

Detroilet is like 86% black...do YOU really want to live there?

May as well move to Africa.

Oct 7, 2011 8:02 PM

yeah, people are scared on PMs when there are those nice fat 401ks and HOUSES sitting there with all that wealth to tax out of the owners

Oct 7, 2011 8:05 PM

hahahaha..DIPSHIT.

Fast track to Argentina where the poor starved and the near rich got crushed but those with the political power increased their fortunes.

Crashing this state isn't going to eliminate any of the leeches you hate; it never did anywhere else that has crashed, except when a Hitler or Putin comes and forcibly removes them.

Oct 8, 2010 11:15 PM

Total fucking nonsense.

You guys don't understand the reality of China's forex reserves and why they had to accumulate them.

China has nowhere to dump their bonds to.

Look what part of China buying the fucking yen and Brazil buying the dollar don't you get?

Oct 8, 2010 11:23 PM

will you people stop acting like a currency manipulator ponzi protectionist nation like China is a victim?

They have bought dollars for DECADES to keep the yuan artificially weak.  THEY have abused the dollar as much as anyone.  Our debt grew THEIR ECONOMY.

Oct 8, 2010 11:27 PM

Sorass is categorically correct.

CHINA has abused the BW system to the detriment of the ENTIRE globe.  THEY and their incessant need for ponzi growth are at the CENTER of this.  THEY are the nation that invested in dramatic overcapacity...in everything.

This is all that superior chinese GO thinking bullshit huh?  They can't permit their export ponzi to normalize because the CCP's gravy train might end.

Oct 8, 2010 11:37 PM

A world power famous for poisoned dog food, baby toys, counterfeit luxury goods and IP theft.  Any legitimate power would be embarrassed to have that going for them.

China is for China by any means necessary.

Oct 8, 2010 11:50 PM

wtf would 60 Minutes want with the truth?  LOL

Oct 8, 2010 11:54 PM

W&R *was* responsible.  Because they tried to sell.  Selling is a threat to national security, as we saw.

There are no size buyers under the market, only HFT quote stuffers looking to get the HELL out of the way if anyone tries to hit their bid.

They can frontrun your freaking ask and drop their own bid.  So your algo tries again to "sell at bid" and the cycle repeats.

Oct 8, 2010 2:07 PM

Yes, NEVER point out tribe membership.  It leads to THE HOLOCAUST

Oct 8, 2010 2:10 PM

What made those speeches so interesting was that it was the same clan running the same types of banks that led to the same type of financial catastrophe for their own profit then as now.

There doesn't seem to be a major financial meltdown without necessarily having jewish fingerprints all over it.  Is the onus on everybody else to explain this?

Oct 8, 2010 2:15 PM

Brasiew, brasiew...the way it's supposed to work is if you are a major exporter with a strong economy, um, your currency is SUPPOSED to rise.  This normalizes everything out.

I love how the world sees the USD...it's supposed to be perpetually strong.  We're supposed to eat it so they can have perpetual export growth.  WHAT?  You US mfers won't CONSUME MORE?

I mean, we hear every goddamned muthafuggin day about how overconsumptive we are yet every freakin nation wants us to do MORE of it to be their customer so they can grow.  We constantly hear complaints about how good we have it yet these same nations DON'T WANT their currencies to appreciate against ours.  jfc

Oct 8, 2010 2:57 PM

WTH is this partisan shit doin on ZH??  They're all guilty of treason

Oct 8, 2010 6:36 PM

According to the Newt Gingrich article on headline up there a few hours ago, it's eleventy hundred thousand new jobs.

There are fucking jobs ERRYWHERE, bitchez...Bama didz that

Oct 8, 2011 11:47 AM

the high implied correlation caused by all the index fund and ETF chasers means that there will be some alpha opportunities galore on the other side of that

Oct 8, 2011 11:50 AM

no, the problem is an entire system built on an unabated 400 year Era of Growth that cannot accomodate the fact that growth has stopped.

We have reached a new period in human events here and the systems built around extracting a vig on growth are unviable.

Oct 9, 2010 12:16 AM

have to ask this in all seriousness:  are you a fucking idiot?

Rage...LOL.  Typical jew racebaiting.

But, let's run with it...you are saying then that jews are either statistically more likely to be nobel laureates or bankster conmen?

I would wholeheartedly agree with you.

Plus you didn't answer any questions...you posed another one.  The statistical disproportionality of jooz in nobel prizes is relatively easy to explain.  Ascedant ashkenazi IQ along with the era in which the nobel has been offered.

Your turn...explain the preponderance of conmen and racketeers.

Oct 9, 2010 12:30 AM

This type of passive/aggressive strawman shit is just champagne stuff man, keep it up.

I thought it was the whole world against the poor joos.  Always.

If someone came up in the "electorate" who promised to do away with the central bank, the monied bankster clan would conduct an all-out character assassination, just like you do.

Oct 9, 2010 12:32 AM

So, supposing we were to rise up and hang all the banksters.

You'd tell us we are antisemitic because of the disproportionality of those punished.

Oct 9, 2010 6:39 PM

Fuck tha POlice

Oct 9, 2010 9:06 PM

sheesh...if Cantarell only WERE -8% YoY. 

Oct 9, 2010 9:12 PM

We need to euthanize the banksters.

But, population control at this point is a must.

We have no choice but to transition from a growth-based model to a steady-state one.  A growing population against declining production means an increase in aggregate poverty.

There are continents which will need to rediscover how to feed themselves.  At some point, "land reform" will have to yield to hunger.

Oct 9, 2011 12:08 PM

there's no telling what type of side bets were made on the preferred shares.  Common equity did get wiped, but the preferreds were taken care of to an extent.

Oct 9, 2011 12:09 PM

no...CDS=only way to grow credit when the organic economy won't do it

Oct 9, 2011 12:10 PM

yeah, or else their neighbors will cap them

Oct 9, 2011 12:52 PM

eh...life would go on bc ppl would just shrug like they do every other time the gov't is proven to be a complete fraud.

Oct 9, 2011 9:29 PM

the gov't has these things called tanks.  they trump the jew confetti

Oct 9, 2011 9:31 PM

I put my money on the king on this one, not the bankers.  If it comes to that.

Sep 1, 2010 10:09 AM

HUH?  There was a fucking rotation into banking stocks in 2008?  Nigga is you crazy?

I made a fortune shorting bank stocks in 2008; you're full of shit.

Sep 1, 2010 10:12 AM

OMGWTF gold is down a couple of bucks...MANIPULATION!!!

Sep 1, 2010 11:06 PM

40%, bitchez

Sep 1, 2010 11:11 PM

why is any of this a surprise?

The debt is compounding geometrically, as it is wont to do.  Simple math.  Assuming a level growth rate, it's going to double at a predictable interval.  Yes, the numbers suddenly seem really big, but the next time the debt doubles, it will go to $27T, then to $54T.  It's just the way math works, sheesh.

$1.54T is pretty godawful; wonder how they'll fuck w/ the last FM10 in order to show "reduction" in the deficit

Sep 1, 2010 11:15 PM

Oh really??  So you have a fucking sustainable fusion reactor sitting in your basement.

Moron.

Sep 1, 2010 11:18 PM

COMPLETELY fucking irrelevant.

Assume oil comes out of your ass.

You jackasses don't understand the difference between reserves and production.

Look, on any given energy topic on ZH there are but a few people who should be speaking.  You are not one of them.

Sep 1, 2010 11:22 PM

ah, someone who gets it.

But, infinite money can't get Titan's methane here.

Money can't create energy; never has, never will.

Infinite money cannot make a past-peak well deliver more net barrels than before peak.  Period.  Titan is just a scaled-up exercise in negative EROI

Sep 1, 2010 11:23 PM

IEA is full of shit.

Perhaps they are couching expectations of impending supply decline in terms of AGW or CO2.  Who knows, who cares?

The decrease in oil supply that's coming will take care of all of this.  If we burn coal and foul the earth, we'll get a decrease in humans that will lead to less energy being consumed.  Win/win

Sep 1, 2011 1:15 PM

on the other side of all of those debts is someone treating that as income.

So wtf, you're going to fuck EVERYbody who was productive out of their savings while giving the freeloaders yet another pass, and the banksters get to walk away and keep all their commissions.

Repudiate the banks, not everyone else.

Sep 1, 2011 1:32 PM

what about ALL of the pensions all over who have been CONNED by the banksters into exchaging something real for a bogus debt that was all whitewashed by the rest of the banking racket?  And probably the pension manager or elected officials took a bribe to close the deal?

You have REAL counties and REAL cities selling REAL assets to fucking bankers to attempt to repay debts...but if the municipality defaults, the citizens who received no benefit from all the debt end up getting all the burden too.  And what about the muni bondholders on the other side, all the pensioners who traded real money to bankers for those bonds?

Iceland is a nation that refused to backstop the debts of its private bank and look at what the Euro powers have tried to do to them...

Sep 1, 2011 1:34 PM

well, there was one recent time in history where the bankster cousins were exterminated wherever they were found...but we refer to that as the ultimate evil.

Whenever a debt reset is coming, the banksters and their cousins will know the time and place and will be positioned as a result of centuries of ruthless racist nepotism.

The ONLY defense against racism is racism in response.  You cannot play by the rules when the other side cheats.

Sep 1, 2011 1:37 PM

Gee, why do you suppose there was a religious prohibition against usury for like a thousand years?

When jesus talked about that sort of thing, borrowing and lending, who do you think he was speaking to and from what perspective of personal experience?

The Founders had also personally witnessed the bankster clan ruining people and even entire nations with their schemes.  Thus, they wrote fiat out of the constitution.

Sep 1, 2011 1:39 PM

I was just there actually.

Again, I saw an economic collapse that looked NOTHING WHATSOEVER like what the silver and canned ham stacking madmax morons predict one should look like.  I have a souvenir drawer now with lots of funny colored banknotes with lots of zeroes on them and I am YET to see anything resembling the starving zombie hordes that were supposed to be the inevitable outcome from this sort of thing.

The icelanders are putting up greenhouses to grow their own produce and selling tourism as hard as they can.

Sep 1, 2011 1:41 PM

by WW3, do you mean "another holocaust"?

Sep 1, 2011 1:42 PM

ANTISEMITE!!!!!

Sep 1, 2011 1:43 PM

huh?  All the hollywood movies I see about Africa always feature the strong african male who has a nuclear family and fights to take care of them.

Sep 1, 2011 10:10 AM

I find it inconceivable that ANYONE associated with the securities industry would be honest enough nor possess sufficient integrity to not cheat when you have this massive pile of assets just SITTING THERE and not making any money.

Throughout the middle ages, goldsmiths issued paper for gold they didn't have; why the hell wouldn't these guys?  If the CEO needs a bigger bonus, he would order all the execs down the line to find a way to make the profit numbers and that could include leasing out all this useless metal because gold is going to crash soon, everyone says so.

Sep 1, 2011 10:11 AM

gold, like a diamond, is also best polished by the blood of a bleck men

Sep 1, 2011 4:34 PM

Gold, bitchez

Sep 1, 2011 4:42 PM

yeah, um, to lend successfully they have to like get paid back and shit.

There's no demand for credit at these prices because there is nothing here to do with the money that will turn a positive ROI after interest.

Sep 1, 2011 6:41 PM

well they can buy and sell futures or other derivatives, and also the basic price of the shares will rise or fall depending upon some notion of NAV

Sep 1, 2011 6:50 PM

it's ZH that is feeding you the cookies

Sep 1, 2011 7:04 PM

well, to be fair, when the police union doesn't get their way, they all stop doing their jobs anyway

Sep 1, 2011 7:14 PM

you are a fucking piece of trash.  Yeah, death to the middle class...let the oligarchs have EVERYTHING.

We're competing so fucking CEOs can have bigger yachts with the profits.  Fuck you.

Sep 10, 2010 12:39 PM

dhaka ain't it?  one of the densest cities in the world

Sep 10, 2010 8:00 AM

Things aren't returning to "normal" anytime soon.

There are a variety of macroeconomic and fundamental issues in play with respect to this that are a lot larger than your charts.

These have been explained to you many times.

As for chartology, it's a hoax and we've seen two major H&S patterns, among the more reliable formations, reject violently on the SP500 just in the past couple of years.  You have evilspec drawing, what, extension waves x,y,z, and then what?

There is nobody right now who has much in the way of credible TA.  However, I agree on South America at least until the carry trade unwind comes back.

Sep 10, 2010 8:05 AM

you need to take a break from the entrails and study peak theory, bud.

The oil price went to 140 for fundamental, not speculative reasons.  Gold is in a "bull run" since 2000 for fundamental, not speculative reasons.

I guess you are too young to understand that sometimes things actually DO change in a major way.  This is a failing of humans not to grasp this.  We seem to think that all that is here now will remain forever, because our conceited lifespans are miniscule compared to the scale of time that nature operates on.

Sep 10, 2011 4:57 PM

agree...I am 911'd OUT. JFC, people let it go. This nation just wants to perpetually live in victimhood. Fuckin 10, 15 thousand died in a tsunami in Japan, 250k in the Xmas tsunami in indonesia and we're turning this into an orgy of "why oh why us."

JFC, we have troops in 100 countries, have been bombing all over the earth and we expected people to thank us for this shit? 

Sep 10, 2011 5:03 PM

JFC when will you moonbats ever quit?

Sep 10, 2011 5:06 PM

more kookbat shit

Sep 10, 2011 5:18 PM

there've been manifold analyses of what happened on 911. You just don't like them because they don't cater to your tinfoil moonbat paranoia

Sep 10, 2011 8:58 PM

if it was impossible for 7 to collapse the way it did, then how did it collapse the way it did?

Sep 10, 2011 9:04 PM

you're categorically incorrect. The structure would fail catastrophically exactly as it did if you weakened enough members.  That's wtf structures do.

You make several assumptions behind your initial premise that you do not offer proof for.

It is far more likely that the WTC were corroded to the point of unsafety than it is that the C fucking IA went in and wired up demolitions charges ahead of time and NOBODY NOTICED ANYTHING.

You have taken on face value that these buildings were what they TOLD YOU they were.

Sep 11, 2010 10:46 PM

ok, let's think through this "default" scenario; same thing Douchinger claims and I got kicked off his forum for asking the same questions as the guy above- how the fuck does the USG make its debt payments in deflation.

If the US defaults, where the fuck does the dollar go?  Defaulting nations don't see their currencies go UP in value...everyone FLEES them.  This is why the Euro-based debt crisis saw the Euro FLED for CHF, JPY, and USD.

There's no endgame here other than a worthless FRN...people need to get their heads around that.  It's really as simple as a point of recognition that the debts the money is based on WILL NOT pay off.  All debts must be discounted to realize a contractionary future and the FRN is ultimately a debt.

If the FRN zone starts defaulting left and right, treasuries, denominated in dollars, are worthless.  US Paper, FF&C gov't paper, worthless.  But the FRN/dollar is going to be worthFUL?  This is oxymoronic.  The Treasury IS the FRN IS the debt that would be defaulted on.

If they really do default on Treasuries, people, c'mon...wtf is the FRN's bank's asset sheet backed by?  Seriously...this is easy shit and I fail to understand why Mish can't get it.

If the USG defaults, the Fed implodes, the FRN with it and the US will have to remonetize around hard currency for a time or seriously gird for war, just like the USSR faced when it hit its wall.

Sep 11, 2010 10:50 PM

You ever heard of the Third Reich?  The Fourth one is the answer to your question.  They can try to foreclose but they will not like it.

The same players tried foreclosure on Germany and the producers told them to go fuck their jew confetti.  They got hyperinflation then war.

Foreclose on the West?  What remaining safe harbor does the Tribe have...Mars?  There's nowhere left to run to.

Let me just state a maxim:  paper bows to the gun.

Sep 11, 2011 1:15 PM

you present her with a false dilemma, therefore who cares what her answer is? The police state DOES NOT provide safety. The safety is an illusion. Ben Franklin or Thomas Jefferson or whomever said that quote up there was presenting a false dilemma. Those who give up liberty for safety do not actually receive safety in exchange for the ceding of liberty.

I wonder if these idiots think they'd have something to fear from the Stasi or SS?  Police states look like Hitler or Stalin

Sep 11, 2011 1:21 PM

women support the illusion of safety, not actual safety.  Their actions are guided primarily by emotion which is easy to manipulate.  But, they won't admit their own limitations- never.  They continue to get manipulated again and again to their own detriment and then in trying to enact a societal structure to prevent that, get manipulated AGAIN.

Women are the consummate suckers in the room.  And in fact they like being lied to.  Just tell them they are the prettiest girl in the room; they swallow bullshit and WANT the illusion.  I agree; a person like this has no business voting or participating in decisionmaking at any point, because they will always operate from the perspective of a fairy tale.

Sep 11, 2011 1:24 PM

i always opt out. fuck them and their Xrays

Sep 11, 2011 1:26 PM

buildings like that don't tip over. If you studied engineering, you'd understand why

Sep 11, 2011 1:30 PM

you are not alone. Look at our posture- we have military bases, soldiers, and arms in half the countries on earth.  We present a posture of war to the world.  We have just never ever had to stomach or endure the REAL consequences of wars because they always happened elsewhere.

This is why the europeans are less inclined to charge in like fools.  It's different when your homes and everything you ever had, your families, are torn to bits under tank treads or in artillery barrages.  Instead, we have these pushbutton wars where we kill mounds of civilians via remote control.

Gee, who could hate us for that?  Nobody; they really hate us because we can watch Idol and have our BK the way we like it.

Sep 11, 2011 11:49 PM

You are actually putting out strategic nuclear warfare as an option for the fucking Chinese to dominate the US?

They would be ANNIHILATED by our response strike.  The fucking Russians are NOT THEIR FRIENDS, you freaking moron.  And, it's not 19fucking60 anymore, dipshit.

The scenario of janitors going spetsnaz and using TACTICAL nuclear weapons (from where, idiot?) on our military bases...where do you come up with this fantasy shit?  Invasion USA?  Chuck Norris will stop them.

Sep 11, 2011 2:05 PM

they didn't...they collapsed all over the plaza and beyond, moron

Sep 11, 2011 2:06 PM

compassion for the probably million plus killed in these wars? Oh, they were just collateral damage like the WTC people

Sep 11, 2011 2:08 PM

yeah...and likely that all of the buildings that fell were structurally compromised.  Some rumblings that the WTC1 & 2 had severe galvanic corrosion.  These things may have looked like they were made of granite, but in reality they were internally weak.

Sep 11, 2011 2:11 PM

JFC, what would be the POINT of such a thing?

LET GO of the potent directors fallacy, PLEASE

Sep 11, 2011 7:27 PM

WHAT longterm view?  For most of history, China's "long term" strategy has been suicidal!

I have NO idea where this myth of devious asian strategic superiority comes from other than outright racism.  There's no rhyme nor reason in what china has done...is it longterm planning to pollute their entire country nearly to the point of uninhabitability???

China has never dominated nor taken over the world, nor will they this time, asian chauvinism notwithstanding

Sep 11, 2011 7:32 PM

ok...in the time it has taken to build China into a manufacturing center, how much of the innovation and invention has migrated anywhere else?

The shit people want is still invented HERE.  Has been for 100 years; the west has a stranglehold on that.

In 20 years, we could build India or Vietnam into China and leave them with shit.  As far as supply chains go; they have no Navy, they control nothing.  Pipe that oil from Venezuela?  LOL.

The only refineries on earth capable of refining the taffy they call crude from there are on the Gulf Coast.  Think about what that means in terms of energy policy for a second.

As long as China steals from everyone else, they cannot be taken seriously.  A conventional war between the US and China would be over with in probably a week if we really decided to do the damage we're capable of.  We can bring our forces to their shores, land them, dominate the sky, and sweep across vast swaths of their country.  What can they do?  Zip.

Sep 11, 2011 7:44 PM

this is complete nonsense.  The shit invented in the west was not stolen from the fucking East.  China is NOT The Middle Kingdom.  Calculus was not stolen from China FFS, and Greece and Rome invented FAR more than China.  Much of what Rome had was not equaled anywhere until the 17th or 18th century and some not until the mid 1800s.

China will not catch up and pass because white men have a disproportionately high representation of geniuses (and retards).  Our IQ bell curve has fatter tails.  The reason things happen when and why they do over centuries is not accident except by a genetic accident that predates us all.

China's innovation was 2000 years ago.  Egypt's was 4000.  Are we going to expect the egyptians to catch and pass based upon ancient achievements?  You sinophiles are retarded and racist.

Sep 11, 2011 7:50 PM

War with the USA would be suicide within the foreseeable future.

Sep 12, 2010 1:29 PM

I'm happy with companies borrowing at 0% to pay dividends...just buy higher yield issues.  As yields compress further, see some capgains.

It's gonna get flushed anyhow, so make hay while the sun shines

Sep 12, 2010 11:03 PM

do you even VAGUELY understand the mathematics of growth?

Those who do realize, a priori, how absurd your questions are.

Nobody 100 years ago was screaming about peak oil, doofus; Peak was a mathematical construct built by M. King Hubbert in the 1950s.  Know what...it HAPPENED!  Right when he forecast that it would and the US entered inexorable production decline after it.

The real problem here is that people of inadequate intelligence cannot GRASP what Peak is or even means.  So, they assume it is some sort of crackpot "faith" or it's a matter of sheer opinion.

It's not.  Peak has happened and will happen.  EVERY SINGLE WELL peaks.  Every single FIELD of wells peak.  Every single arrangement of fields called a country peaks.  The world also will or has peaked.  C&C peaked in 2005.  This is the high EROI stuff; we're already past the maximum production rate the earth can sustain.

Look,  how many fucking times can I break this down to you people?  Look up GOLD, an element near and dear to this board.  It peaked TEN YEARS ago.  Do you suppose oil is less "finite" than gold is?  Production CANNOT GROW FOREVER.

I'm sorry, but you cannot expect me to take your idiocy seriously..."technological advancements"?  Like the one that obviated the US peak in 1970?  Pull your head out.

Sep 12, 2010 11:06 PM

GD, just idiotic....sure, we'll recycle the used oil that we've turned into plastics and drive our cars on it.

Did you ever study even highschool science?  Do you understand what "exothermic" and "endothermic" mean?  Do you even have a cursory grasp of the 2nd Law of Thermodynamics or of Conservation of Energy?

A price increase in energy means LESS energy to use in basic terms, which means less things getting done, which means NO GROWTH.

Sep 12, 2010 11:12 PM

Christ on a crutch, you won't fucking QUIT, will you?

No matter how many times you have this shoved in your face, you REFUSE to abandon your stupid faith!

Look, moron, shit CANNOT GROW FOREVER.  This is a finite world and a finite universe.  So long as energy supply grows, what we think of as an economy can.  Once net energy supply inflects, which it WILL, growth stops.

A new "resource regime"?  Like what?  Unicorns?  It took THOUSANDS of years to transition from wood to other hydrocarbons.

Sep 12, 2010 11:15 PM

You ACTUALLY believe that we can use water as a positive EROI fuel...GFD.

Why not just believe in fucking Leprechauns?

Those pesky laws of physics...you people do not even grasp how stupid you sound to somebody educated.

Man, I have not seen a more poignant demonstration of the Downing Effect in my life.

Sep 12, 2010 11:21 PM

Apparently you know about them but fail to understand them.

The 3% growth case requires our entire production base to double in 23 years.  This means, because you "know about" exponential functions or whatever, bud, that we have to go out and find as much production as ALL THAT WE HAVE IN EXISTENCE AT PRESENT.  All in the next 23 years.  Against a backdrop of discoveries having peaked nearly 40 years ago.

This is while the few supergiant fields we have collapse in production.  Burgan, at 8% decline, will halve in production every 9 years or so.  Cantarell fell off a cliff.

You cornucopian polyannas make me absolutely fucking laugh.

Sep 12, 2010 11:32 AM

This is plain, flat, factually WRONG.

The amount of debt outstanding is finite.

Therefore, the same amount of money CAN be created out of thin air.  You may contest whether it WILL be created, but that it CAN is inarguable.

Sep 12, 2010 3:38 PM

so, show us your tits or something

Sep 12, 2010 3:48 PM

LOL.

The Fed refuses to bid...the tanks roll up Liberty.

US Gov't by KO.

Paper bows to the gun.  You overestimate the power of jew confetti.

The gov't and banks have merged; they are a symbiotic thing now.  Without the power of the gov't, the Tribe at the top has no power to compel anyone to do anything.  All the banks have is paper; the sovereign has the arms and boots.

Sep 12, 2010 4:03 PM

it was not my doing that the same cousins were the bankers in Germany during the weimar period...it's just yet another financial catastrophe caused by the same banking tribe.

Hitler...let's see here...fascist, warmongering economy.  Fuck, well that just about sums the US up in a nutshell.  Or the UK for most of its imperial history with the same clan "financing" it through the Bank of England.

There are those expecting us to engage in a global war momentarily, and some in the AIPAC/neocon wing salivating for such a thing.  How is this different really from Hitler?  Oh yeah, the whole jew holocaust thing; that makes Stalin's 20 million not as bad as Hitler's 10 million.

But at some point, in the synagogues across the US, those upon whose shoulders the zyklon B will fall simply MUST stand up to the banking and media usurers and say enough is enough.  I know tribers who are not made men, engineers and whatnot, and within their own circles there is already the recognition that the PR of this crisis, as expressed by the dominant Street demographic -  nevermind the monolithicity of the Fed board or something - looks simply awful, and they worry if it all comes apart that fingers will be pointed and history will repeat.

Sep 12, 2010 4:07 PM

You guys are crazy...didn't you watch that Bartlett youtube series?

Growth is not the answer...we can't continue this cancer strategy right off the cliff.

Sep 12, 2010 4:12 PM

Rename yourself to "Eternal Stupid."

ok?

Because who the FUCK CARES what the goddamned metrics are on some freaking piece of paper?

WE CARE about prices and manifestations of these metrics in the REAL WORLD.

Who gives a shit if the euro is "deflating" in monetarist terms (a bogus doctrine) if the relative value of the currency is cratering?

Deflationists can't even figure out wtf it is they even think they believe and they just sit and worship Friedman's shit.  He was wrong; his entire Chicago School was WRONG. 

Sep 12, 2010 4:18 PM

Please, no more bullshit QTM Chicago School monetarist CRAP, ok?

Hyperinflation leads to decreased DEMAND for the currency with respect to goods and services against massive increase in supply.

There is no such thing in reality as monetary velocity; it is immaterial and irrelevant.

It is ALL supply and demand.

Sep 12, 2010 4:27 PM

Bingo...the major economics schools did not/do not consider the essential nature of OUR money as debt.  They just consider it money.

Like look at Friedman and the jokeass monetarist Chicago School...he said to turn it over to computers, create a level 2-3% inflation.

HOW, MILT?  By having the fucking computers BORROW the necessary increased money supply?

I mean if you can't get this basic shit right, you have no basis for opening your mouth.  Fuck him and his Nobel.

These idiots don't understand their own economy; the entirety of it is bullshit.

Sep 12, 2010 4:40 PM

CIAoogle, huh?

anyway, how about we just exterminate the bankers?

It'd be wise of the non-made tribers to get out ahead of this and take out the trash in their clan before they get taken out with it

Sep 12, 2010 8:41 PM

Sorry to say this, but you're a fucking idiot.

Believing in Peak Oil is like believing in gravity...you either accept fact or you are a raving moron.

Sep 12, 2010 8:43 PM

How many fucking times do you people have to have this shit explained to you?

Google EROI or EROEI.  Fucking make peace with this and stop being ignorant.

Sep 12, 2010 8:46 PM

PRODUCTION RATE, moron!

This is a PERFECT thought exercise for you to go through to understand Peak Theory.

Water is immutable, but the reserves of water are IRRELEVANT.  What matters is the RATE at which water can be produced for consumption.

Surely you can see that desalination is not energy-costless, right? 

Sep 12, 2010 8:52 PM

Here we go again with another article which will draw 500 posts from idiots who cannot do basic math, do not understand basic science, and wish to engage in magical thinking.

Re-read ALL of those charts, each says "at current production levels."  Where is the GROWTH?  The whole fucking article and EVERY goddamned one like it is misleading on this basis alone.

Look, motherfuckers, Gold production peaked in 2000, and helium in 2002.  Look it the fk up.  Within the US, I posted on one of the previous articles on oil the peak dates of nearly every significant industrial base metal.  Yet, STILL we hear nonsense about how oil production will grow forever from morons.  Despite its production having peaked in 5 dozen nations on the planet, and petroleum engineers planning for the bell-shaped production curve in EVERY single fucking well they drill.

Perhaps it's time to start moderating these forums, not for political leaning or agreement with the hosts, but for basic intelligence. The captcha is obviously not cutting it.

Sep 12, 2010 8:55 PM

oil up smartly and DXY getting crushed...liquidity spigot?

Let's see if the whole thing reverses trend AGAIN when oil crests 80

Sep 12, 2010 9:55 PM

Listen, you stupid fuck, there is ZERO similarity between Islam and Peak Oil.  ONE is a faith, the OTHER is a scientific fact.

Do you even VAGUELY comprehend the DIRECT implication of rejecting Peak (as if it weren't already PROVEN)???

You idiots act as if Peak possibly *could* never happen.  This means you assert that oil production can continue to grow FOREVER.

Sep 12, 2011 12:53 PM

Whites are the majority in the country, idiot.  They SHOULD comprise the majority of welfare cases.  Life is not like TV where every other person is black.

However, blacks are so much more frequently on welfare than whites that if you look at the numbers, you see vastly MORE blacks on welfare than their 12% share of population.  In fact, like half the blacks in the country are on some form of state assistance.

Sep 12, 2011 12:55 PM

cops on the beat? You mean cops armed up for war by the DHS, including FLIRs, night vision, automatic rifles, SWATzi armor, laser guns, and all the rest of this bullshit?

The police force has become another hightech army too expensive and utterly useless for what it's needed for.  Who the fuck do these guys fantasize that they are going to fight!??!  Do they honestly think they are going to use these M4s for some kind of warlike shootout with the terrists?!?!

Sep 12, 2011 3:30 PM

yeah..she's trash.  Not attractive in the least

Sep 12, 2011 3:31 PM

IT HUNGERS!!!!

Sep 12, 2011 8:19 PM

flat production IS peak oil...the cantarell-esque backside of the production curve is the apocalypse.  Gonna be some real four horsemen shit outta that.

Sep 12, 2011 8:23 PM

there absolutely, inarguably IS a meaningful climate change effect from human actions.

Science published a peer-reviewed paper years ago showing substantial net cooling from Indian Subcontinent aerosol contamination and consequent permanent haze over the entire SE Asian region (from china and india).  This has disrupted rainfall cycles as far away as Africa.

Sep 12, 2011 9:15 AM

total trouble?   Really?

Based on what, your psychic powers?

Sep 12, 2011 9:17 AM

so what the fuck would they do if it were REALLY nothing to worry about?

You people waste no excuse to panic

Sep 13, 2010 10:27 PM

Spot-on.  We could be long-lost brothers lol.

Tribers have an irrational fascination with melanin.

African stock turns areas into little Africa.  When the buffer of others disappears, you get an outbreak of Africa, including roadside corpses, lack of freshwater, disease, mayhem.

Mexicans and central americans are systematically turning the areas they dominate into copies of where they came from.

Culture does not come from fairies; culture is an expression of the average, aggregate attributes of a population.  Stupid is as stupid DOES.  It's really as simple as that.

There is no way to reform dolphin culture to be like man's.  Innate attributes matter.  Smart begets smart and reinforces it.

Sep 13, 2010 11:08 PM

Most idiotic crap ever..

Sep 13, 2010 11:12 AM

JFC, there is no getting through to you...

Google the downing effect...that is YOU.

YES, they have done a goddamned thorough survey of the earth, discoveries peaked in 1954.  This is like trying to discuss tennis with someone who doesn't know what a racket is.

Sep 13, 2010 11:13 AM

Peak oil does not mean that the resource runs out, idiot.

How can there be any meaningful discussion when you people are absolutely ignorant?

Sep 13, 2010 11:23 AM

first sentence:  Downing effect.  Google it.  That's you.  You don't know so nobody else must either.

Listen, some DO know.

M. King Hubbert didn't concoct the Peak theory math in order to help the fucking elite, douche.  I mean, seriously, man, stop talking out of your ASS, ok?  Turn the TV off, get off ZH, and go do some freaking reading.

There's little or no independent data of peak?  Look, dude, the USA peaked in 1970.  It happened, ok?  How stupid should you feel, I mean really embarrassed that you DO NOT KNOW this yet you feel confident enough to actually SPEAK in a discussion about it?

Anyone who has ANYTHING to do with petroleum would simply laugh their ass off at what you say, because you are laughably clueless.

What I'm saying may seem like an insult; that's because it IS...and it is warranted.

Sep 13, 2010 11:29 AM

"Are you claiming oil production will someday peak and then decline, because there is a finite amount of oil in the ground?"

JFC, that is EXACTLY what Peak Oil means!

"If so, you need to do some further research. There is not one single actual professional oil industry analyst who agrees with you"

WTF?  There are fucking 20 studies out there, some of whom forecast Peak prior to now, some after.  Your statement is factually wrong.  As of now, the DATA shows a clear C&C peak in 2005, and an all-liquids peak in 2008.  It remains to be seen as to whether these will hold but we are within the window that consensus studies identified as probable Peak date ranges.

Sep 13, 2010 3:13 PM

Stupidest.post.ever.

White people have been around for longer than 1000 years.

The rest of it is "they have slanty eyes and therefore are magical"

Sep 13, 2010 7:52 AM

jfc...and this after I said "exothermic" and "endothermic."

Microwaving plastics to get oil will not be positive EROI

Sep 13, 2010 7:58 AM

No.  I very clearly said life goes on.

We'll die if we have a lot of idiots who run off to do idiotic things when rational thought is what needs to come to the forefront.

Sep 13, 2010 8:00 AM

I've always been partial to the kidney, myself...I have tons of recordings on my ipod

Sep 13, 2010 8:10 AM

just....wow.

A water "atom"?

Golly gee, if Uranium is fissile, them water atoms should be too, huh?

Look, man, there are principles of physics in play here in terms of binding energy in molecules.  Physics can describe to you which ones of them are exothermic and which are the opposite.  H2O is so strongly bound because the H2+O reaction is very strongly exothermic.  They have nothing to do with the discovery that the universe is highly righthanded

There are very good reasons WHY Uranium fission is positive EROI and water "atom" fission is not.

But, I'll say this straight out, if you don't know that water is not a fucking ATOM in the first place, you really ought to shut right the fuck up.  Do not ever speak again on this topic.

Sep 13, 2011 12:14 PM

women earn less because men work more dangerous, but higher paying jobs.

Equalized, job-for-job and normalizing for the vastly higher time off women take, women actually are paid more than men.  The myths that the MSM spout about this are complete bullshit, along with those about pay across race lines

Sep 13, 2011 12:23 PM

Forced?  LOL...haven't talked to too many feminists out there huh?

Women in the west love working because now they don't have to rely on anyone getting in the way of their "life experience" bucket list.  They can afford to travel and self-indulge until they realize in their mid 30s that against a backdrop of steeply declining fertility, youth, and beauty, that they're simply not a catch.  You add that into the wear and tear of a decade and a half of being exclusively navel-gazingly self-obsessed and you have someone who presents about the same quality of mate as a barrel of shit straight out of Fukushima 4's SFP.

And when this realization dawns on them that there is no fairy tale ending because that shit was always a fairy tale, they end up on dating sites, bitter and jaded, and having to answer to men asking them why they are 39 and NBM or still getting fuck n' chucked by cougar hunters who are 15 yrs their junior.  This leads to a lot of hatred.  Because they were promised or believed that the "meaning of life" must be at work, having misapprehended that men weren't actually happier, we just don't fucking complain and bitch all the time about it.  Unaware of the world beyond their own emotions, they assumed that by imitating men they could acquire the happiness they imputed to us.  Bzzzzt.

Sep 13, 2011 12:45 PM

probably not...probably was some diversity and a bunch of people who flat out didn't give a shit.  Have you seen GM's other offerings?  Not much better.

GM was no longer a car company at that point; it was a finance ponzi company with a legacy car business.  GM was a finance ponzi company with a legacy aircraft engine, MRI, nuke plant, and home appliance business.

Sep 13, 2011 2:32 PM

moron....they also exclude things like defined benefit pensions and the HIGHER amount of off time people got back then versus the lousy time now.  Average joes don't get fkin company cellphones or priuses

Sep 13, 2011 2:34 PM

women aren't generally good enough at math nor like it enough to want to go into Engineering.  Fuck the House subcommittee.

"Science and technology" is not real science if women hold over half the degrees.

Sep 13, 2011 8:29 AM

China is the new deus ex machina?  My god, what has the world come to...

Sep 13, 2011 8:31 AM

Implosion, bitchez

Sep 13, 2011 8:37 AM

I bet there is no chink out there on the chinese ripoff version of zerohedge calling another chink a racist.  Go fuck yourself.

Sep 13, 2011 8:42 AM

Dumbest post ever...China doesn't produce ANY copy that is superior to the original.

And nobody is going to be moving from the west to effing some shit city in china.

China's theft of western technology will eventually result in some kind of war.  And china will again lose.

Sep 14, 2010 1:19 PM

LOL@you

Ever compared assembly to one of these joke scripting languages?

Sep 14, 2010 1:25 PM

not true...the memory overhead and speed of execution for scripting or bytecode langugages are egregious compared to low-footprint stuff.

C is not OO, so I wouldn't consider it modern.  AL is excessively low-level.  Prefer a language like Delphi/Object Pascal (borland versions) as a hybrid between the monstrosities that C++ developers create (see: Windows) and pigware like Java.

Late binding is inherently slower.

Sep 14, 2010 1:29 PM

Had an interview for an x86 assembly job working on a satellite...didn't get it but it's about the last job I really wanted.

Fuck HFT

Sep 14, 2010 11:09 PM

The truth is classified, a National Security Secret.

Therefore, anyone who tells the truth is guilty of sedition and is an enemy of the State.

Sep 14, 2010 11:16 AM

The currencies I normally watch revolve around the BRL.  I check the POG in BRL usually, sometimes in EUR and JPY just to get a sense of how "benchmarked" it is, because some of the emerging market currencies aren't being used to provide liquidity or mop up toxic debt.  The major CBs are active in the marketplace.

What I see is sustained gold momentum in all currencies.  I'm not seeing any weakness in paper that the dollar has traded down against.  We got 976 EUR, 105k JPY, 2156 BRL...these are all spitting distance from recent highs.

Meanwhile the AUD has shot back to .94, the CAD at .97, BRL at 1.7, but of yet no real crash in the POG in those currencies as a result of DXY weakness.

Sep 14, 2010 11:16 PM

And gold up 2000 yen just like that.

They can't hide the bullshit anymore, POG is calling them out and stinking like a rotten corpse stuffed in their mahagony sideboards.

Sep 14, 2010 11:19 PM

Tyler, THIS after the EM you sent me?  LOL.

 

Sep 14, 2010 11:46 PM

It's important to distinguish between TRUE fiat systems and what we have, a credit system.

Our money is NOT fiat, ok?  It's not.  Those who say that it is or has been are wrong.  Our money is backed up by future production, the ability to pay the interest with additional credit backstopped by future growth.  It's as simple as that.

Debt-based money is not printed, it's not fiat like tally sticks.

A true fiat system is subject to debasement, sure, but there are means by which people can weather that, via gold or land or cattle or pussies or oil, things which are real and have value independent of the currency denominator.

Tally sticks worked just fine as a PURE fiat money system for a HELL of a lot longer than the FRN has been around.  In fact, a fiat system properly managed generates NO inflation and is simple, elegant, and just.  The government issues currency then taxes it out of existence.  Obviously, this is suboptimal compared to Real Bills, but its longevity hinges upon "properly managed," which true fiat systems HAVE actually been during some times.

Debt money requires growth because the interest owed has not been created at the time of creditmoney creation.  If nobody steps up to borrow at least as much as the coupon, the system begins to mathematically implode.  That is where we were in 2008.

I told Douchinger years ago that the "answer" to this deflation was for the CBs to forgive the loans, essentially printing money to forgive all the debts owed it.  ALL FRNs are by nature ultimately loans from the Federal Reserve.  The Fed is effectively as we speak printing the interest owed it on the outstanding monetary base.  This is all that is necessary to prevent a catastrophic deflationary spiral, but it will not remove the deflationary pressure in the aggregate money supply as existing loans' principal balances are ultimately repaid.  This is why the Mishes out there still "see" deflation.  There IS deflation, but the math of preventing a spiral is virtually trivial.

Repayment extinguishes creditmoney.  The USG is currently the only entity that is continuing to borrow to prevent mass extinguishment.  This is why we should continue to expect national debt to exponentiate.  It has to, otherwise as FRNs are repaid and extinguished, there will be less "money" against existing production.

Now, as production in the aggregate declines, if the outstanding credit base does the same, we WILL see "deflation" but NO material effect on prices.  This is where I believe we are.  The precious FRN crowd has some bad news awaiting them, because as the numbers of things contracts concomitant to contraction in outstanding credit, this is a classic recipe for level prices even as it becomes harder to get money.  What this will look like is severe or even hyper realworld "inflation" against *deflationary* monetarist metrics.  It's important to think about this a few times to really get it.

Money becomes more "scarce" even as production contracts at the same time.  Money vs goods supply/demand law dictates in that case level price but money becomes harder to get.  This will have all the feel of severe inflation (because of lack of access to money, i.e., income) but the price tags will indicate no material change.  Everything just ends up priced out of your reach.  Again, just like all the states around the world that have suffered through collapses, Brazil, Argentina, Mexico.  Shit is expensive there in a real world sense.

This is precisely why there is still an argument over outcome.  The Fed's printing of the interest plus the government's replacement of lost organic credit demand will create a monetarist inflationary bias.  But the REAL trends are of contraction both in production and in credit.  Any hyperinflationary tipping point will occur only at collective Point of Recognition that debt has lost its moneyness.

Sep 14, 2010 11:51 PM

Losses?

Look, the BOJ is one of the few central banks that can print and not take losses.  The Yen is a world reserve currency, and it's funded growth all over the planet for 20 years now.

there's no such thing as a loss for a CB like the BOJ.

Sep 14, 2010 12:55 PM

Breaking news...major smoke seen coming out of Niceville, FL...internet blogger Karl Douchinger's head exploded

Sep 14, 2011 10:48 PM

minor quibble:  Busch won all counts.  It was the fault of the Florida Courts that the SCOTUS had to intervene in the process.

Sep 14, 2011 12:22 PM

China isn't going to be buying shit.  Their reserves support their printing of the yuan and their export ponzi.  They cannot just run out and buy everything like a CB can

Sep 14, 2011 12:33 PM

I think he said nigger

Sep 14, 2011 12:35 PM

you are a tour de force of logical fallacies

Sep 14, 2011 3:44 PM

1000 rounds for a .38 is a waste.  GL carrying that 500 rds of the 556 if you have to pack up out of there.

Your bunker mentality is what needs to change.  Fuckin MREs...where do ppl come up with this shit?

Sep 14, 2011 3:47 PM

you ARE crazy...all of you madmaxers stockpiling fucking MREs that will constipate you to death along with more ammo than you could possibly carry are fools.  I will cackle when we burn your house down and all that stupid shit goes up in smoke or when you are forced to abandon it due to pollution of some kind

Sep 14, 2011 3:49 PM

who the fuck do you idiots envision needing to shoot? 

Sep 14, 2011 6:40 PM

nevermind that average IQ scores have never been higher...you idiots please carry on about how smart everyone was in fkin 1850 LOL

Sep 14, 2011 8:12 PM

yeah..more people took the SAT this year, instead of just college-bound seniors.

A 500 score on the SAT even in the modern scale is pathetic.  So is 520

Sep 15, 2010 11:02 PM

wow...he sold MBS hard into QE and then sold USTs hard into the QE lite.  Not seeing any huge accumulation now; would like to know what this clown is going into.  If QE2 comes, obviously, MBS will be the place to be again.

Sep 15, 2010 11:24 PM

This is why I predicted, back in 2003, Japanese sovereign default as the ultimate rogue wave financial event.  I figured they'd default by 2009...a little early obviously.

Sep 15, 2010 11:29 AM

you should see them holding a Krugerrand.

Got an Isle of Man Noble I wear around my neck, so I TRUMP YOU, bitchez!!!!!!!111

Sep 15, 2010 2:52 PM

It's like WW2 except a print-off.

I say LET the japs make stuff while we just borrow and consume it.

Sep 15, 2010 8:07 AM

Forcibly confiscate?

LOL...the gov't spends the tally sticks for services, consequently, people "get" something in return.  The tax is an accounting measure; it extinguishes only tally sticks.  Nobody takes anyone's gold or cattle or daughters.

You mix in a lot of other issues that are impertinent to the point regarding fiat currency. 

Honestly, I would prefer Real Bills, but I am just making a variety of points about OUR currency system's not being fiat, along with correcting some misconceptions about the supposed iniquity of true fiat systems.

And, government has whatever right the People give to it.

Sep 15, 2010 8:16 AM

yes, absolutely.

Debtmoney has an interest component.  This is the amount owed but the amount created at any given time is always necessarily less.  This is because banks only lend principal.  It is up to you to come up with the interest.

The system then requires someone else to borrow *at least* the interest you owe.  Then, someone else must borrow their interest.  This is because there is only ONE way for money to come into existence, and that is for it to be borrowed.

Think about 3 people and a banker with a goon forcing everyone to use his paper.  He lends A $100 for one year at 5%.  It's clear $105 is owed but only $100 exists.  B or C must themselves borrow at least $5 by EOY1 and transfer it to A or else A is in default.  Supposing B borrows under the same terms as A and A repays in full, $200 were created, but $210 were owed.  Once A extinguishes his debt, the imbalance is now even worse.  B owes $105 at EOY2, but A has taken $105 out of the monetary base, leaving $95 against $105 owed.

There is NO ROOM in a debt money system for repayment or contraction in this manner.  Debt MUST be backed by growth because that's the only thing which will prompt C, D, E, F, and so forth, to themselves borrow to feed the pyramid.  One must create more than "$100" worth of goods in order to sell backstop the interest, and others must borrow from banker to buy this.  Ergo, growth and consumption.

Usury creates, via mathematics, the ingredients for default.  If A cannot repay and rolls the loan, the compounding interest eventually consumes him and the money supply.  It's really very basic math.

Sep 15, 2010 8:30 AM

You're factually wrong.

What do you suppose Quantitative Easing represents?  The Fed is printing the coupon on the money supply.  Otherwise, the compound interest function will consume it.  This is your deflation spiral.

Saying that the Fed does not have the "power" to forgive loans is foolish; they've been using that power since March 09.

Second point:  your statement about the Fed's role being to protect banks is superficial.  The Fed is in actuality a superbank; its concern is not necessarily its member banks but the "system."  Printing the coupon does not hurt its members; it helps them.  The banks still "see" real money coming in.  The Fed is "buying" their shitty assets.  The banks were the most highly levered and the ones most susceptible to deflation.

I know what I am saying bends ears because most people IMPROPERLY conceive of banks as lenders holding paper.  In reality, they simply do not do that anymore.  Banks don't suffer from inflation, they profit by it.  GROWTH is what makes them money, ok?  The notion that deflation helps banks is very clearly empirically wrong, given how many of them went under in 2008.

I never claimed Congress would "give away" money to repay ALL loans.  What the Fed is doing is paying the INTEREST owed, which without creation would serve as an exponentiating parasitic deflationary drag on the money supply.  They realized in 2009 what I realized ab initio. 

At the same time, the USG has taken over the mantle of attempting to ensure that the aggregate monetary base does not contract; yields are so low that future compound interest represents less scalar quantity.

Defeating deflation may cause other consequences, sure...but what are the consequences of "allowing" deflation?  The major deflationists bleat nonstop about the effects of deflationary collapse...including precious FRNs, massive liquidations, starvation, war, pestilence, famine, death.  Don't be so married to your thesis that you start claiming these are a superior outcome.

My point is only to discuss the mathematics and why the Fed is doing what it is doing, not to attempt to dismiss the negative side effects.  There is no consequence-free outcome to a global net energy peak within an entrenched growth paradigm.

Sep 15, 2011 9:38 AM

dollar flood...

Sep 16, 2010 11:07 PM

This article is wrong on a variety of levels.

Volcker didn't kill inflation.  The FFR followed the effective interest rate expected on the dollar.  The dollar was facing a run after the close of the gold window and US Peak oil in 1970.

It really was as simple as that.  We were facing suddenly massive trade deficits placing pressure on our currency.  Pretty simple stuff.

The run on the dollar was quelled via the petrodollar racket.  Effectively, we hardened the dollar using oil.  Dollar growth matched oil growth.  Prior to US Peak, our dollar was effectively hardened by gold, but also by growing domestic production.

After US Peak, it took us awhile to acquire vassal states such as KSA upon which we could pin the dollar.  Recall that Nixon was going to fucking invade the ME and occupy fields if the embargo had run on long enough.

There were a few factors which caused a run on the dollar, US peak, waning gold reserves, the closing of the gold window, and the 1973 embargo.  If we didn't offer gold, you couldn't buy oil, wtf was the dollar worth?  So we used imperial military power to harden the dollar back up.

The notion that Volcker had anything to do with this is absurd.  High interest rates are evidence of a run on a currency, and will cause *deflationary* collapse and ultimate currency worthlessness.

Sep 16, 2010 11:16 PM

Sorass should just shut the fuck up.

WTF, he thinks the DOLLAR is safe?  Because talking about the DOLLAR price of gold means you are comparing it to the fucking DOLLAR.  The dollar is NOT going up, long term, ok?

This is what the deflationists just don't get:  production will fall along with outstanding credit.  Meaning less money to go around but LESS stuff too!  Prices stay high and incomes decline.  Standard supply/demand metrics!  Prices CANNOT decline so long as energy's supply/demand picture is one of scarcity and contraction.  This is why price trends will suggest inflation while monetarist metrics suggest deflation. 

Oil is the only SAFE thing out there, but good luck stockpiling it.  Seriously, if buying a property, your best bet for a farm is one which has an uneconomical gas well or coal seam on it.  Something you can use but which makes no economical sense for a major to continue to produce from.  Your EROI for digging something up by hand is a lot higher than it would be for a major extraction venture.  Like how a mining company wouldn't care about a river that still had enough gold in it to make one person rich.

Sep 16, 2010 6:06 PM

this is the recipe...lever up and don't make a payment.

The note will get dumped on FNM or FRE.  Then they will NEVER foreclose on you.  Free house.

Sep 16, 2011 1:09 PM

you're too chickenshit to spell out Nigger?

Sep 16, 2011 1:10 PM

Mordechai was "white"?  Orly?

The rest of them were just philosophers too

Sep 16, 2011 1:12 PM

YES!  DATS RAYCISS.

Got it yet?  ANYTHING you do that is something that is anti-liberal or in opposition or not to the benefit of any black is RAYCISS.

If a black person interacts with you and does not get what they want, YOU BEEZ RAYCISS.

Figure it out yet, YTs?

Sep 16, 2011 1:15 PM

seems like EVERYTHING is about race.  Raycism is the most significant issue that has EVER faced humans...it's even bigger than the Toba Eruption.

Why?  Because jews in the media say so.  And people swallow that shit up.

Sep 16, 2011 1:16 PM

abbreviated:  "nigga, pleeze"

Sep 16, 2011 1:22 PM

yeah that shit is so hilarious...the whitey they had forge up the doc was too afraid of bein called RAYCISS that he made sure not to put down "negroe."

Sep 16, 2011 1:25 PM

well if you don't accept the degeneracy and violence of blacks, you beez rayciss

if you don't accept the over the top flaming of the homos, including their agenda to convince your children to be "ok" with predatory buttfag behavior, you beez rayciss in some other words

Sep 16, 2011 1:34 PM

put silverbugz pumpers in that same sentence

Sep 16, 2011 11:50 AM

Place Holder already told you that in not so many words, his DOJ was not going to be going after "My People."

Wake up to racial reality, morons of America

Sep 16, 2011 11:57 AM

Financials are fucked, dollar swaps or not

Sep 16, 2011 12:06 PM

Diversity, bitchez!

Sep 16, 2011 12:07 PM

Rentier dream is to have them perpetually only making the minimum payment

Sep 16, 2011 7:51 PM

this kinda seems to put the kibosh on reparations for black people and the entire race pimping industry of handouts and free cheese?

Sep 16, 2011 8:23 AM

you're an idiot

Sep 16, 2011 8:37 PM

she's old...who gives a fuck about her?  She has no discernable talent either and all those pics you drool over were after 4 hrs with a makeup artist. 

Sep 16, 2011 8:38 PM

never even close when i was flying...know your approach speeds.  Nothing else really matters.  They may have crossed the controls, who knows

Sep 16, 2011 8:54 AM

yes, god forbid anyone should be exposed to anything other than complete orthodoxy and consensus opinion.  Their head might get blowed up

Sep 16, 2011 8:56 AM

android is not a desktop OS and nevermind that it sucks anyway

Sep 17, 2010 10:46 AM

Until/unless silver production peaks, it won't be the next gold.  Silver production may be on a peak plateau but only time will tell.  If it goes into supply decline, its price metrics should match what gold did after the same event.

I concur with the earlier poster on Platinum.  Pt production is 5% of annual gold production.  Far rarer, even denser, and with industrial uses.  Wondering why morons like Jewbini and Douchinger don't call for stockpiling it instead of gold.

Sep 17, 2010 8:02 AM

EXACTLY!

I, too, cannot for the life of me BELIEVE that Friedman and the Chicago monetarists do not seem to understand that our money is CREDIT.  I read their work repeatedly and I am like where the hell is the inclusion of compound interest?

There is no such goddamned THING in our system as money supply!  It is ALL debt owed to someone plus interest for which the repayment money has not yet been created.

Monetarism is a ship of fools.

Sep 17, 2010 8:14 AM

JFC, don't most of the people on this forum GET that China is a WANTONLY protectionist State?

They are already destroying us using it.  If you do business in China, the State steals your technology then forces you out.  That's how it works.

Everybody has been conditioned against the spectre of "protectionism" when it is de rigeur all over the world.

It's unfortunate that China won't respect property rights, but the time long passed for the US to "retaliate."

Sep 17, 2010 8:42 PM

African demographics behave like african demographics.  Don't attempt to extrapolate

Sep 17, 2010 8:44 PM

This is what I forecast:  gov't takes up the mantle of credit growth.

The system is the master; all must serve it.  Credit must grow or else SHTF.  I told Douchinger too; if you do not borrow, they will borrow on your behalf.

Sep 18, 2010 1:01 PM

Fuck Boner...U2 always sucked

Sep 18, 2010 11:21 AM

uh, no it doesn't.  Mass is always conserved except in nuclear reactions.

Sep 18, 2010 11:32 AM

wrong.

The 2x4 cannot be sold below true cost as denominated in energy.

Sep 18, 2010 11:35 AM

The government has a lot of levering to do to prevent the compoun interest owed from eating the entire system.

Look at that chart and recognize that it shows what we call "money."  And remember that every $ of that chart is actually debt and interest is owed on ALL of it.  If new money does not get borrowed to pay that interest, the interest will consume the system.

Sep 18, 2010 11:47 AM

The end of the ponzi means a collapse in real returns.  This suggests risk-free savings vehicles should see an increase in interest by savers.  Note I did not say "investors," which is a synonym for a ponzi player.

The ponzi will no longer make you rich.  You will have to live on in your old age whatever you have truly saved.  For 3rd worlders over the last century, this sure as HELL has not meant paper notes or bank accounts.

The political class and the elites are the only players in debt who get their claim tickets honored.

Sep 18, 2011 6:43 PM

shut the fuck up, you faggot

Sep 19, 2010 12:01 PM

This is idiotic bullshit.

Gay doesn't mean happy anymore.  Words change in meaning.

And there are manifold things my mom doesn't understand that I do.  The rest of this political polemic isn't worth commentary

Sep 19, 2010 12:28 PM

It cannot be modeled because it is chaotic.

A basic primer in this concept is the Uncertainty Principle.  Despite Einstein's claims, all things are not deterministic in nature.  True randomness is a fundamental element of the universe.

Sep 19, 2011 1:18 PM

yes, and the increasing scarcity of oil makes long distance projection much more difficult.

The world is going to get a lot larger

Sep 19, 2011 10:36 AM

well, Gold fell off a fucking cliff and the FX crosses on AUD and BRL are batshit today.

Of course Bama's solution is more taxes.  Lord knows we can't retreat to the dark ages of FY2000 spending when all the grammas were in the streets eating rats and the children were in the coal mines

Sep 19, 2011 10:37 AM

gold up in AUD, EUR, and especially BRL...FX moves are wtf today

Sep 19, 2011 11:21 AM

only an idiot would trust China with his money

Sep 19, 2011 11:44 AM

then ur a dumbass for voting for the lesser of two evils, because you still got evil, mfer.

ALL YOU PEOPLE WASTED YOUR VOTE!

Sep 19, 2011 11:45 AM

a wealth tax to retire real debt would be just as the debt went directly into the pockets of the elites.

Tax bankers' wealth, and all the people attached to the gov't tit and retire the debt.

Sep 19, 2011 11:48 AM

fuck off...capital has waged war on the population.

Why the fuck do you bootlickers want the billionaire bankers to keep their capital which got to them by the fucking gov't BURYING us all in debt?

You REALLY want to repay that debt plus interest?  Fuckin idiots....

All your stupid shit theoretical crap is nonsense.  The debt is going to wars and banks, you moron.

Sep 19, 2011 11:49 AM

WE DON'T HAVE CAPITALISM.

We have a SOCIALIST government that BORROWS MONEY so that megamillionaires can get BIGGER bonuses!

Fuck me, we put $20T into these effing banks and that shit didn't solve anything except buying MORE YACHTS.

And if someone proposes clawing that wealth back you call it a war on fucking capitalism.

Sep 19, 2011 11:51 AM

JFC, the bankers ARE the fucking millionaires!

Sep 19, 2011 12:28 PM

nah...NeO is not that conniving type of mastermind sociopath manipulator.  He's a product of the decades of YTs that put him into these positions and carried his water.  Kind of like an unwitting parasite.

The apoplexy comes now that he's actually in charge of something and he has no clue about how to actually do anything.  He's simply never had to.  There have been legions of white sycophants and enablers at every turn from Columbia to Harvard to beyond, willing to eat his shit gleefully and carry his load for him, all so they can have a black man at the helm proving the egalitarian myth true.

I shit you not- there are a significant number of white people who would rather eliminate the race that invented everything in history rather than have to live with the reality that there is no such thing as equality.

Sep 19, 2011 12:30 PM

You're right...we shouldn't think of touching the hundreds of millions in wealth that crooked banksters got the USG to borrow money to give to them.

We should focus on the ONE guy out there who made his money honestly, and forget that he's surrounded by legions of military profiteers and bankster racketeers who are the ones who GOT the payments that were behind all this extra debt.

Sep 19, 2011 12:32 PM

It won't be voluntary...that Peak Oil thing is going to force them to.

Sep 19, 2011 12:33 PM

yeah...the US has gone back to 1997 levels of consumption, shaved off 10% of it and we're wondering how the fuck we can possibly be in a recession?

The energy theory of economics is preeminent.  Learn it.  Know it.  Make peace with it.

Sep 19, 2011 12:35 PM

DATS RAYCISS

Don't you know that if you DON'T vote for him again, you will be branded a RAYCISS and ostracized by other white people, who will treat you as lower than a child molestor?

Sep 19, 2011 12:36 PM

HAHAHAHAHAHAHAHA...right.

You mean people most likely to be sucking the gov't tit and being the recipients of bailouts, for which the debts were sourced?

Even these so-called fucking entrepreneurs are benefitting from the GOVERNMENT'S LARGESS.  There is no true way to "make it" anymore without that. 

Sep 19, 2011 12:38 PM

he's black...all the people in the room would sit there smiling trying to catch his feces if he dropped the draws and started squeezing one out

Sep 19, 2011 12:41 PM

"His People" rely on said bloat to artificially maintain their illusory middle class status.

What Bama did do is freeze hiring of white people (yes, he actually did).  He said we need to enhance diversity despite that His People are already disproportionately represented in the government

Sep 2, 2010 10:13 PM

you're so fucking right.  Nobody survived the last depression.  all were killed.  Billions liquidated.

Get your head out of your ass, misanthrope.

Sep 2, 2010 11:24 PM

GFD I wish you people would just STFU.

Gold is in TERMINAL SUPPLY DECLINE.

Get that through your fucking skull.  It cannot be manufactured in goddamned factory like a house.

Those who expect the "price" of gold to crash are essentially saying that the value of the FRN is going to skyrocket.  Such an assertion is of the most ludicrous variety.

Hate gold?  Then buy fucking platinum.

Sep 2, 2010 11:26 AM

Gold production peaked in 2000, for the trillionth time.

Annual supply is declining against level or rising demand.

Sep 2, 2010 11:29 PM

None of this monetary shit MATTERS, ok???

Fuckin OIL PEAKED.  Get over it.  The cost of doing and creating is going up, and the net amount of doing and creating has peaked, therefore there will be less of it going forward.

Money and credit and all of this Keynesian stuff is bullshit.  There is NO WAY out of the laws of physics.  Fuck all the economists.

How about they offer eleventy TRILLION dollars to whomever invents antigravity or perpetual motion while they are up?

Sep 2, 2010 11:36 PM

Velocity is utterly irrelevant.

Monetarism is wrong, Friedman was wrong, the entire fucking Chicago school is WRONG.  They did not understand the fundamental nature of OUR monetary system.

These morons failed to understand that the INTEREST inherent in our money is a parasitic deflationary drag that will implode it as a matter of basic mathematics if credit stops growing. 

This velocity bullshit?  OK, so those with money ALL rush in to buy the SAME THING.  That's a basic supply and demand issue.  The money is transferred to the producers...wtf, they're going to rush out and spend it too?  Transactional volume does not inherently affect prices!  Only supply/demand imbalances do.

Nearly ALL of economics is a FRAUD.  Not one of these goddamned hacks seemed to understand that their stupid MONEY ITSELF is a supply and demand instrument.

Sep 2, 2010 11:40 PM

Doesn't matter.

The Fed is only going to print the coupon for now.

gold supply will continue to decline.

Hell breaks loose when we fall off the oil production plateau.  THEN is when your "money" starts to get less worthful because all of it in the world cannot create more net barrels.

In a future showing contraction, debts now MUST be discounted.  They lose moneyness and with them other paper claims, of which the FRN is one.

Sep 2, 2010 11:41 PM

M2...isn't that a BMW?

Sep 2, 2010 11:47 PM

Someone needs to overlay the UK and other CBs' holdings onto this.  I suspect that this graph doesn't tell the real story.

At the rate new debt is being issued, ONLY central banks have the "money" to buy it.  Inflation via these means is a foregone conclusion absent some incredible political inversion.

Sep 2, 2010 7:49 AM

LOL.

How can it be "burned" in conventional fission reactions, genius?

He3 is a fusion fuel.  Learn, then speak

Sep 2, 2010 7:53 AM

No, because independence is fucking impossible.

I nominate both of you for posters who should not be speaking on energy topics.

Sep 2, 2010 7:55 AM

JFC, how did you possibly solve the captcha to be able to post on this forum?

You're a raving lunatic idiot.

Sunspots are a false flag too, man..."they" caused them.

Sep 2, 2010 7:57 AM

It's clear yours doesn't hit the top floor

Sep 2, 2010 8:10 AM

Goled, bitchez

People should take a look at current world production lists and compare those to 50 years ago.

You'll note that RSAs production has declined very steeply and that the production figures in the world were only kept up by going after more, smaller producers, essentially fragmenting the production base.  The highest quality ores went first, here, RSA, etc.  Only once these were depleted did the miners pursue lesser reserves.

The same is true with oil.  We are not in the GOM due to some conspiracy nor mining in backwaters shitholes on account of one.

Sep 2, 2010 9:52 AM

i have 82000t as the weight of the monument...not including foundation. 

A 20m cube contains 2000^3 cc's of gold, each with a weight of 19.3g.  That's 154000 metric tons of gold, easily exceeding the weight of the monument.  Perhaps the author meant volume.

What stuns me more is not the POG, but platinum.  There is ridiculously less of this stuff out there, ever mined, stocks, production, etc.  6% by weight annual production of Pt vs Au.  Half of this goes to consumption-based ends.  Most of it comes from one place, Bushveld in RSA.  Only Russia really has any commercially significant production beyond that.

Either gold is overvalued or Pt is undervalued.

Sep 2, 2011 10:35 AM

yeah, OMG fuckin workers striking and management CAVES IN.

Wow...what a way to characterize things.  Workers have caved in to management for decades. 

Oh but we should just CAVE IN more so execs can get even bigger bonuses like vultures feasting on the carcasses of workers' salaries recovered by laying them off.  Awesome.

It never amazes me how many oligarch bootlickers there are.

Sep 2, 2011 10:39 AM

bingo.  WTF needs to happen here, CEO payscales need to go to 500:1 to regular joes?  THAT is a desirable outcome?

Or maybe it's that these tough talking full of shit lardasses are just jealous that the VZ workers had the balls to demand that management stop FIRING PEOPLE to feast on the carcasses of their former salaries like mfing vultures?

I worked at one of VZ's competitors and this is exactly what I saw.  H1Bs and even they got laid off when the mgmt chain above them needed to make a bonus.

Sep 2, 2011 11:07 PM

a dirty bomb wouldn't even kill a dozen civilians much less the numbers you suggest. 

Sep 2, 2011 11:23 PM

wtf part of Lev Bronstein bein a cousin of Karl Mordechai and the rest of the agitators and players behind the marxist movement all being cousins is exactly not mainstream?

I mean, yes, I'm aware that they like to hide behind local names and all that, but the communist movement was at that time seen as ENTIRELY fed by cousins (and it was).  Is it an accident that we have so many cousins now that are effectively marxist, from hollywood outward?  I mean the post-weimar fight was between a clan pushing marxism and the nationalists led by the gestalt of evil.

Sep 20, 2010 10:01 AM

the gold futures market is problematic because the shorts keep climbing even as the saleable gold declines due to production collapse post-peak.  In a couple years, there will be 1/4 the annual production of the peak in 2000, and yet we've still got all these paper contracts promising delivery of gold that will not exist.

It only COULD have existed had production keep growing.  At some point, this comes unhinged and you have your hyperinflation.  Peak can only be denied for so long before the reality of it eats you.

Sep 20, 2010 12:53 PM

What a moronic move...CNY inflation is the worst out there.

China will straight fucking STEAL from you whatever you bring into their hands.  At least in the US we honor IP rights.

Sep 20, 2010 2:22 PM

It's "up us" n00bz

Sep 20, 2010 7:51 AM

so what?

Sep 20, 2010 7:53 AM

Of course...the white people are ALWAYS to blame, for everything.

Sep 20, 2010 8:02 AM

Let the Chinese who suffered it remember it.

Let the rest of them fuck off because nothing happened to them.

Likewise, let the perpetrators suffer, not the people who happen to share the same nationality generations later.

Fuck this original sin and sins of the father shit.  Japs today are no more responsible for that on account of their skin than I am responsible for fucking slavery, or the almighty HOLOCAUST on account of some similiarity to the perpetrators of said.

Perpetual victimhood can blow me

Sep 20, 2010 8:08 AM

Just for those suffering at math, a 12% YoY annual decline means that there is less than half the peak production now being produced.  If this decline rate continues, in 2012, the amount of gold being produced will be 1/4 of what it was at peak in 2000.

THIS IS YOUR PRICE TREND.

Sep 20, 2011 11:58 AM

think the SNB can get its 1500 tons back?

Sep 20, 2011 11:59 AM

break them up with your free magical energy!

You can't be this dumb...plans?  You think these idiots PLANNED for this type of economic catastrophe?

Sep 20, 2011 3:42 PM

the author doesn't ever examine or ask WHY that credit picked this particular time to peak or how or why credit would come into existence.

The future is one of contraction...aggregate economic activity is CONTRACTING because the energy supply underpinning all activity is contracting.  Why in hell would credit grow?  This is not a monetary problem; the monetary effects are a symptom.

Sep 20, 2011 3:46 PM

aggregate money ISN'T expanding...it's right there to look at in the charts!

Oil is being driven by scarcity factors now.  The extra pumped in money simply moves forward the pace at which we smack into the overhead supply curve, which is inexorably declining

Sep 20, 2011 3:57 PM

this time how about liquidate management and executives and liquidate politicans?

Sep 20, 2011 3:57 PM

YES...management bonuses MUST be preserved at all costs.

Because those guys are doing important work, GOD'S work.  If the entire company has to be laid off to preserve bonuses, then this is what should happen.  We must end the war against capital like upper management who are doing GOD'S WORK.  Because they create jobs by firing people.

Sep 20, 2011 4:23 PM

WTF, TD?

You CANNOT be impeached for pleading the 5th, nor can you be convicted of anything as a result.

Sep 20, 2011 4:24 PM

Eric "Place" Holder is on this mfer

Sep 20, 2011 4:27 PM

nonsense...C&C peaked prior to the onset of the credit crisis which began due to the supply/demand imbalance on world oil markets.

Energy supply is contracting because that's what energy supply DOES once a well/field/nation/earth peaks

Sep 20, 2011 4:27 PM

JFC...contracting energy supply IS a deflationary environment!

Sep 20, 2011 4:34 PM

if congress has commanded them to appear, then legally it is not just a voluntary matter

Sep 20, 2011 8:23 AM

Yes, yes, China is superior in every way...it's just that it's invisible and we can never see it

Sep 20, 2011 8:30 AM

don't confuse marrying age with "marriageable"...western women are about fucking useless.  They can have them and they'll bust their balls and bring those chinks to their knees.  Plus, western women don't like short dicks, so these slopes are probably SOL

Sep 21, 2011 10:46 PM

you don't understand why buying down bond interest rates with unlimited printing is a bad idea?

Sep 21, 2011 11:01 PM

ROTFL...no it wouldn't.  The government and its debt IS the economy now. 

Sep 21, 2011 11:02 PM

employment WHERE?

Sep 21, 2011 11:06 PM

hmm...US consumption at 1997 levels and the tards around here still think it's a monetary problem or that we can just dig up more oil lol.

We are IN the peak oil crisis.  It's as plain as day and "sustained global recession" is the precise verbiage I used to describe the outcome of it.

Welcome back nuclear lol

Sep 21, 2011 11:08 PM

that's not a flat tax, dipshit, it's a progressive tax and what we already have.

Sep 21, 2011 11:10 PM

Nein; they both steal money to give to the rich

Sep 22, 2010 8:29 PM

property taxes are a relatively untapped source of gov't "income."

Seems inevitable that they will begin taxing anything they know about.  Is it their problem if you're underwater?

Sep 22, 2010 8:33 PM

that's more like it...now show the pu$$y too

Sep 22, 2010 8:38 PM

Fuck you.

When a military boarding party boards, repel them. 

People like you roll over and take it.

Sep 22, 2010 8:43 PM

Good luck watching your kids' heads get bashed in by the jackboots.  Just bow down and suck their dicks and maybe they won't make you watch as they rape the rest of your family

Sep 22, 2011 12:41 PM

Get out and into what?  FRNs?  ROTFL

Sep 22, 2011 12:43 PM

Read this and understand:  in a climate of aggregate economic contraction, ANY aggregate debt is TOO MUCH DEBT because the credit in the future WILL NOT BE created to pay today's interest.

Understand that.  Debt requires growth.

Sep 22, 2011 12:46 PM

Pure bullshit.  It's geophysical...oil supply has peaked.

All the money in the world cannot make net production rise past this point.  Look, it's been motherfucking TRIED a ZILLION times by oil companies on individual wells, fields, and in entire countries.

You cannot print oil.

The OP's claims about Japan?  Horseshit.  Japan is FINE.  Look, what can you say about them?  SLUMP?  Ok, they haven't fucking GROWN.  That is NOT a slump!  Everything they built is still there, there's just not more more more more more.

Our basic premises and assumptions need adjusting for what reality is now.  Circumstances have changed; aggregate growth is presently not possible.

Sep 22, 2011 12:47 PM

ROTFL.

Debt is fatal if you don't grow.  Fiscal stimulus will beget monetary stimulus because there WILL BE no growth!

As long as the decline in oil production erodes our economic activity out from underneath us, there is ZERO percent chance that we can grow into the necessary credit creation to pay TODAY's interest!

Sep 22, 2011 12:50 PM

If you look at the absolute destruction of the Bovespa and the stunning moves in the BRIC-related FX crosses, you can deduce that there will be widespread acceptance of such a QE.

The unwind of dollar carry is doing more destruction to foreign economies than a weaker USD ever could.

Sep 22, 2011 9:32 AM

FX crosses again batshit...gold at highs in BRL; AUD, CAD well below parity now.

The USD as reserve is the ultimate carry trade which is presently in unwind.

Sep 23, 2010 10:23 AM

For how long did those other "bubbles" run?

Gold passed peak production in 2001.  WTF do you expect price to do when production falls materially?  Those who wish to possess it are increasingly competing with each other over existing reserves.  At current rates of production collapse, we'll be seeing 1/8 of 2000's production levels by the late 2020s.  Price bears better hope that production declines level off some.

All you need do is google "gold production decline" and see shit like Anglo Ashanti's freaking CEO saying this production decline worldwide is a crisis for people like him.

So ENOUGH from the idiots and no more goddamned "duh does gold be's in a bubble" articles.

Look at this chart:  http://en.wikipedia.org/wiki/File:Gold_world_production.png

Now, maybe it's possible that we'll find a new South Africa out there, an undiscovered continent or region on the planet that has immense reserves.  But at this point, especially seeing as how discoveries peaked long ago and production outstripped discoveries for a long, long time, such an eventuality is highly unlikely.

Sep 23, 2010 11:08 PM

Potemkin villages are good for doing that.

there are abundant "unauthorized" exposes on the massive pollution and environmental catastrophe that is the real China

Sep 23, 2010 11:11 PM

China is just fucking crazy...you can't get away with stupid shit like this forever.

Sep 23, 2010 11:22 AM

US oil production did peak in 1970, which is what Hubbert predicted.

Go take a look at the mine supply from RSA.  Down 77% since their peak production in 1970.

People need to get over their fear of peak based upon their inability to comprehend it.  Just listen to the smart people, we will tell you what to do.

Sep 23, 2010 11:26 PM

Did I read some bullshit that china is acting to fend off bubbles?  WTF LOL.

Like those empty cities and rampant, epidemic property speculation?

Sep 23, 2010 11:30 AM

why in the hell would anyone liquidate gold?  It would be smarter to just bury it and default.  You're talking endgame theory where economic, gov't, and/or dollar collapse are apparently imminent

Sep 23, 2010 11:42 AM

this is hilarious...lemme guess, MS is on the payroll to leave exploit vectors in their OS?

I mean, I always wondered about why these fucking developers can't write buffer length checks.  How long before we get "patches" that provide custom infection vectors?

Sep 23, 2010 6:27 PM

Sure they can...the accident at Chernobyl involved a criticality incident due to negative void coefficient.  If hell breaks loose, SCRAM can be done manually with boric acid

Sep 23, 2010 6:34 PM

no...anyone with a smidgeon of computer expertise would not misspell "bytes" twice.

Sep 23, 2010 6:41 PM

Just to clarify: I read up on Stux and its exploit vector was a buffer overrun in the .lnk shortcut thumbnail/icon processor.

You did not need to actually execute any code for this exploit to succeed.  Just plug in the flash, when Windoze goes to look at the lnk files, the worm gained access.

There is so much garbage code out there as to defy belief...one of the reasons I despise C++ so much is it makes it easy for developers to be really stupid.

Sep 23, 2010 7:46 AM

had to counsel a girl friend whose having trouble spending less than earned to do the same thing...just walk from the CC and any private student loans.  The bank that lent went into the transaction with eyes wide open.  Once the first lates start going onto the credit report, it's pretty much fucked and you have nothing to lose by defaulting.

Sep 23, 2010 7:48 AM

How many billionaire tinhorn dictators are we going to mint through this stupid effort?  I mean, goddamn, IQ and Wealth of Nations; how do we expect nations with IQs averaging sub-90 to become prosperous no matter HOW much we send there?

Sep 23, 2011 1:00 PM

we're only missing strenuous wishing at this point

Sep 23, 2011 1:01 PM

what if it is WE who come for them?

Sep 23, 2011 1:05 PM

horseshit.

Nobody knew about peak oil at Jeckyl Island.  There is and was no plan.

Their plan was to get rich by extracting seingiorage from the issuance of money.  That's it.

There was no 120 year goddamned plan hatched by men who would be dead 100 years before its fruitition.

The problem with debtmoney is it only works so long as it can grow; this is a matter of basic math.  But I digress; I gave you specific instructions to STFU until you understood this.

Sep 23, 2011 1:09 PM

au contraire...effectively every FRN in existence has a coupon.

The FRN on paper is merely the manifestation of some debt somewhere else.  Most of those debts are in eDollar form.  It makes no difference as they were ALL borrowed into existence by somebody at some point in the past.

Without MORE borrowing in the future the interest owed on the debt that created today's money can never be paid.  Or, it can, but then there is inadequate remaining money to repay the principal.

As I said, this is very simple math.

Printing money is the only way to solve this math...literally, it is.  Ben has to print the coupon because there is no credit growth that can pay it!

Do you get that?  If P is outstanding now, and P+I is owed one year from now, SOMEONE *must* borrow that extra I in order for it to EXIST in a debtmoney system.  If nobody does, the entire system is in default.  So Ben has printed up I.

It is either that or FRNs snuff themselves out of existence and cease becoming money.  Deflationists understand this "blackhole vortex" principle of deflation but they don't understand that a scarce FRN will lose its ability to serve as money due to its scarcity.  Excessively scarce things aren't currencies.

Sep 23, 2011 1:17 PM

More chinky nonsense bluster, bitchez

Sep 23, 2011 1:17 PM

Greece had what, 2 or 3 soldiers in the NATO force?

Sep 23, 2011 1:20 PM

actually, no you predicted that silver would be at $60 by "next week"

I still have my job and family too.  And I'll probably be a PM buyer this weekend.  Not silver though; that's a fool's errand.

You've alienated everyone due to your stupidity and getting them to pile into "can't lose" positions like silver

Sep 23, 2011 1:27 PM

somebody is coughing up blood and GETTING liquidated.

Down 107 now

Sep 23, 2011 1:32 PM

if bob diabolina stayed short from 1904, that mfer has his own island by now LOL

Sep 23, 2011 1:33 PM

your blog said u went to cash yesterday

Sep 23, 2011 1:37 PM

mosely-claven creates another bagholder...people really need to be careful who they listen to

Sep 23, 2011 1:42 PM

one of these days, you really owe it to the world to compile a highlight reel of all your busted predictions that blew up in everyone's faces, most notably your own.

Sep 23, 2011 1:44 PM

no...you can only roll until I > P

Sep 23, 2011 1:54 PM

also said u covered that short...3 fuckin contracts if u have 2M?  Fuck man, go short balls deep

Sep 23, 2011 10:09 AM

champagne trolling...love it

Sep 23, 2011 10:34 PM

you were warned not to get wrapped up in silver

Sep 23, 2011 10:39 PM

the average person trusts the banks and the governments.  Who the hell is "nobody"?

Sep 23, 2011 12:09 PM

there's no alternative now...the government has destroyed the private economy.  This is like cutting out a tumor and doing so will kill the patient.

there isn't a single industry that isn't dependent upon .gov debt growth.

Sep 23, 2011 12:15 PM

the historical record shows that Hitler reversed the economic collapse, ordered the society, and exacted punishment upon the bankster clan for their wanton rape of the german people and nation.

If they had simply assassinated him before he led the nation into ruin in a foolish pissing match with Stalin, the outcome would have been far different.

Sep 23, 2011 12:18 PM

feel free to live there instead of in the tourist magazine depiction thereof

Sep 23, 2011 12:21 PM

hey, feel free to go out and DO something with 0% money and earn a nice 5% ROI and be rich.

Don't you think EVERYONE wants to do that?

Where the fuck do you think your expected little coupon COMES FROM?  Do all you savings account idiots think you're ENTITLED to 6%?  Someone has to earn MORE than that to pay you your stupid coupon.

I love how everyone is a freakin jew now, DEMANDING that their money MAKE more money by virtue of existing.  The bank can't find any borrowers at the rate you think you deserve.

Sep 23, 2011 12:22 PM

the French spearheaded the Libyan invasion...they are not pacifists like you think they are.

Sep 23, 2011 12:25 PM

Sigh...the banks have no takers at the rates they can profitably lend.

Do you people GET THAT?  There is no MAGIC fking LAW that says you get 6% interest on your stupid savings.  You're lending the money to the bank at 6% so they can hope to aggregate and lend it to someone else at higher.  Slight problem:  THERE ARE NO TAKERS at those rates.

There is NOTHING TO DO to earn a positive ROI anymore.  This is what CONTRACTION means.  Debt growth WILL NOT occur, i.e., nobody will borrow additional dollars at a rate sufficient for you to get a stupid coupon on your goddamned savings account, in a climate of aggregate contraction.

Peak oil has shut this whole goddamned machine of compounding growth down.

Sep 23, 2011 12:29 PM

why do writers ask stupid questions?

It's easy.

Money is debt.

Debt has a coupon.

That system is represented as P + I.  I does not presently exist, only P does.  P is the aggregate credit base.  I is owed in the future.

Ergo, FUTURE P must be = present P + I.  QED, debt must grow.  That is why the answer is always more debt.

If you don't understand this, then you need to STFU and do nothing else until you do.  Once you understand it, you can start to comprehend why ZIRP is here and what it really means in an aggregate sense and how declining energy supply makes contraction inevitable and debt growth impossible.

Sep 23, 2011 12:32 PM

me too, bc gold is getting CRUSHED.

Silver too...poor mosely-claven has probably committed suicide

Sep 23, 2011 12:58 PM

lol...Greece cannot generate the growth to pay the existing P and the future I.  Nobody can.

Default and restructuring away from debtmoney is inevitable as it is no longer viable as a fundamental institution.

Sep 23, 2011 4:00 PM

IMA hafta look at the technicals to determine that at the close today...I'd also like to see a double bottom on some clear relative strength divergence.

I must say we get along a lot better since you started being RIGHT about something.  Among the active posters here, we were in a select few who said that gold was way overbought up in the 1900s.

Well, I just looked at the techs and I don't see a clear daily O/S condition on gold at the present time.  Hella MACD but that doesn't suggest much other than the steepness of the slide should mitigate.  200DMA support is $100 below here.

Sep 23, 2011 4:04 PM

Didn't say I was right at all and that was certainly not my point.

My point is that those who shamelessly pump and the board that shuns everyone who dissents with the orthodoxy of the pumper bullshit need to be called out for who they are and taken out to the woodshed.

Even today, anyone who doesn't shamelessly pump PMs as a generational buy at every price level is criticized by the board echo chamber.  That shit needs to stop.  It created a bagholder who lost everything.  I'm sure he came onto ZH and got confirmation bias from idiots who may as well have had a pecuniary interest in divorcing him from his hard-earned money.

Sep 23, 2011 4:05 PM

yep...I'm a psyop.  I admit it.

I am from the CIA's division of "Making Fools of People on the Internet."

This is y'all's standard response to anything you don't like...ad hominem and a clinically paranoid one at that.

Sep 23, 2011 4:07 PM

Creant is blazin wisdom at you with both barrels....

Sep 23, 2011 4:16 PM

HUH?

Just EARN more?  That is growth, dipshit.  The thing we are lacking now.

To "earn" this money, someone ELSE has to borrow...do you get that?  Look; I gave SPECIFIC instructions on STFUing until you understood debtmoney mechanics.

Sep 23, 2011 5:35 PM

if enough people get on one side of the trade, sure, anything is possible

Sep 23, 2011 8:38 AM

dead?  Not yet.  In any event, the world's largest debtors are the sovereigns.

We've hit the point where they can't kick that can to a bigger debtor.  We made the banks here whole in 2008 and it still has made no difference.

There IS NO credit creation to sustain the exponential growth animal that is debtmoney.  Without continuous printing, the system will collapse.  In such an event, precedent suggests FRNs won't retain value.

Sep 23, 2011 8:40 AM

nah...they have a pallets of those at the ready and can print them day and night.

Nevermind that the entire debit/credit card processing system stands ready to move eDollars around ad infinitum.

Sep 23, 2011 8:40 AM

another guy who got suckered by silverbug pumper bullshit and is losing his ass?

Sep 24, 2010 10:06 AM

the inevitable outcome is the undemocratization of ownership as governments tax wealth into the stronger political class hands, just like in the latter days of the Roman Empire.

Anyone who is not generating enough income via production to pay the tax will end up selling into serfdom to one who still can, or who has political class cover.  By this method, families will begin to amass vast duchies.

I mean, look at sports team ownership...those with access to cheap credit purchase gigantic assets, then bribe their way to government concessions to pay it back.  Only the connected have access to those types of deals.

I mean *I* could run the Redskins as well as Dan Snyder - the difference is that between us, only HE could get a loan for basically the ENTIRE cost of the team!  It is amazing that banks do utterly STUPID deals to the likes of that and Don Trump when they will try to jew a little guy out of a goddamned dime.  They passed out money to every connected idiot in Las Vegas to build the seven dozenth megacasino in an obviously saturated market, but they crawl up middle class asses over fucking FICOs?

CRE makes residential look like a loan to a priest.

Sep 24, 2010 10:10 AM

but this sort of thing democratizes too much of life.

The oligarchs REALLY DO desire to own all the fucking land, be dukes, and rent to serfs.  Seriously.

They don't give a fuck about democracy.  It appalls them that you can buy a ticket on the same plane as they.  It is not YOUR right to own anything, it is THEIR right to have you pay them for existing.

Why you think the Founders wrote the nobility titles provision into the Constitution?

Sep 24, 2010 12:03 AM

Stupid garbage.

The US entered and led the Industrial Age all on a metals standard, moron.

The biggest lie out there is that this fucking debtmoney and fiat bullshit paper has improved economics or production or growth.  It HASN'T.  It was ALWAYS ENERGY.

ENERGY is the thing that DOES; debtmoney is just a fucking parasite riding along.  The oil supply curve is what drove this thing we call reality, not money.

JFC, read some history books or something.  International trade and finance was founded and expanded geometrically on Real Bills.  Allowing bankers to screw people did not help

Sep 24, 2010 6:08 PM

Bullshit.  The elites are the biggest koolaid drinkers around.

Like I said to one of them, "this is not the truth," and he replied, "the system has its own truth."

There are no potent directors, no "these" guys; the people with all the money really don't understand peak oil either.  In fact, they deny it.

Sep 24, 2010 8:22 AM

Douchinger must have gone for a swim in the gulf and lit himself on fire afterwards seein as the pretty doorstop sells for 1300/oz now

Sep 24, 2010 9:59 AM

Well, wtf did Mort expect?  The only place you can get a rising income is in fucking government jobs.  And they cannot fund except through printing.

The nations which fought for protectionism are up against the same global energy supply wall that we are.  Japan is not a great housing market despite very jealously guarding its export and jobs economy.  They still have factories and whatnot and still produce things but how are they any better off?

Growth is the problem and more growth is NOT the answer.

Sep 24, 2011 11:44 AM

LOL...failling sovereigns but the FRN will sail right through when its issuing bank is loaded with shit mortgages and CDO squareds?

Default doesn't increase the value of a currency when that currency's worth depends upon the sanctity of the debts underlying it.

People still think the FRN is backed up by the Fed's gold or some other shit...it AIN'T.  It's backed up by promises to pay!

Sep 24, 2011 11:45 AM

LOL...do you guys get what would happen if gasoline were $1/gal against ZIRP?  Someone would borrow and buy the whole damned year's supply.

Sep 24, 2011 2:23 PM

it ain't gonna matter if the EFSF buys fuckin wop debt, they can't pay it back in the first goddamned place.

Debt as an institution and the notion of "financing" things over time with growth is DEAD.  The sooner people realize this, the easier it will be for them to make rational choices.

Sep 24, 2011 2:26 PM

um...the banking mafia is jewish, not German.  WTF does this mafia have to do with the invasion of poland?  Hilter was a german nationalist who was no fan of the banking mafia.

Sep 24, 2011 2:27 PM

germany has a history with the primary ethnic group in the bankster clan along with the dominant ethnic group strangling media here in the USA

Sep 24, 2011 2:28 PM

can't be true...the swiss banks are taken to the woodshed too...do they have exposure to the others' banks?

Sep 24, 2011 2:31 PM

the word slave has a latin etymology...try again, fuckforbrains

Sep 24, 2011 2:34 PM

why don't you come and fuckin try it you motherfucking idiot?

You bitch about the jewish rothschilds and then bitch about the german nationalist who tried to put them down.

What the fuck is the matter with you? 

Sep 24, 2011 2:46 PM

maybe...but all the industrial metrics are telling you that semiprecious metals are going to get bludgeoned.

You guys keep insisting silver is some kind of special PM when it clearly isn't.  Christ, just watch WTI for your direction cues.  Platinum trading cheap of gold isn't a headwind for silver

Sep 24, 2011 2:47 PM

you're a fucking idiot.

the paper price IS the price.  You can buy as much as you want within spitting distance of spot, MORON

Sep 24, 2011 2:49 PM

that is EXACTLY what you idiots said the LAST TIME silver crashed

Sep 25, 2011 8:08 PM

did you intend to juxtapose a jew with two nazis?

Sep 26, 2010 10:43 AM

It's because the schools of economics they studied at do not acknowledge that our money is debt. 

Sep 26, 2010 10:46 AM

Android?  WTF are you nuts?

Google is an infection and they are in bed with the State security apparatus.

Sep 26, 2010 10:59 AM

The ignorance around here is astonishing.

You guys speak without understanding the infection vector, why MS OS was used, or much of anything about the problem.

MS OSes were used because they have a nice, convenient set of drivers and interfaces to configure the PLCs.

The fucking reactor was NOT being run "on Windows."

Sep 26, 2010 11:03 AM

what the fuck is he "ignorant" about?

Whether or not you find racism repugnant, I'm getting tired of seeing people who express racist beliefs referred to as "ignorant."  Ignorant of WHAT?  The epithet is a total non-sequitur.

The quote from Hitler did not express any genocidal sentiment.

Hitler was TOTALLY 100% right when he said "2+2=4."  I know straight off that saying that invokes cognitive dissonance, but assess the truth or falsity of the statement without regard to the identity of the speaker.  JFC, be LOGICAL.

Sep 26, 2010 8:44 PM

This is the stupidest fucking article ever on ZH.

Tyler wtf is with posting shit like this?  There's not a goddamned person on here with an IQ over 120 who doesn't realize that this synthetic fuels nonsense is grossly EROI negative.

Sep 26, 2011 1:01 PM

Cliff, it's not my problem you cannot follow along and are relegated to "SILVER TO DA MOONZ" pumping bullshit that has not only made a complete fool out of you but created bagholders who have lost everything!

Silver IS correlated to oil, dipfuck- it is PRIMARILY an industrial metal.

Greece default?  HAHA...I am suggesting to you that within the next week or so you will find out how Greece isn't going to default.  I'm suggesting that you let price predict the future for you the same as it did on Mar 6 when the QE announcement was still in the future.

The real problem here is that retards like you think that if YOU couldn't figure something out that it is unfigurable and anyone who DID predict it must have been guessing and they just had better luck than you did.  That is the Downing Effect, something you suffer badly from.

Sep 26, 2011 1:07 PM

Silver is disappearing from your TEXAS SHARPSHOOTER CHERRYPICKED online retailers.

There is no shortage of silver, moron.  Fuck APMEX.  If you don't like their prices, BUY ELSEWHERE (and you can).  You continually cite ONE retailer as if they are the entire universe.  Not only is that tactic pathetic, but it is laughably dishonest, like you are.

You are so fucking stupid that it constantly amazes me.  You keep bleating predictions hoping desperately that one of them will EVER come true.  Even a stuck clock is right more frequently than you are, bitch

 

edit:  CNI has oodles of silver.  They are only out of Canadian wolves.  ROTFL, you fkin idiot

Sep 26, 2011 1:08 PM

...which is still more than tmoseley

Sep 26, 2011 1:11 PM

the long bond does not dictate what the aggregate ROI is.

The economy cannot grow fast enough to generate the yield commensurate with the sovereign risk that is the USA.

Don't put the rate curve up there with what real interest rates should be...I submit that the 2% or whatever that the gov pays reliably is BETTER than what you could get if you went out and actually tried to DO something with the money.

There is no return to be had here anymore...anywhere.

Sep 26, 2011 1:13 PM

Find me something ELSE that will reliably pay 4%.

If you can do that we can borrow at 0 and go do it and become insanely rich.

People "invest" money and take a risk and they hope to earn a higher ROI than they borrowed at.  All money is borrowed, remember?  The economy has to grow at a higher rate than the rate of interest.

A 0% aggregate interest rate suggests ZERO DEMAND for credit.  There is NFW a banker would lend at 0% unless he had no choice.  Chew on that one...

Sep 26, 2011 1:19 PM

growth isn't possible past peak oil.  You were warned

Sep 26, 2011 1:23 PM

what I take from this is a couple things...one and most importantly, there is no yield anywhere anymore around here.

The second is that the Fed/banks are trying to chase the excess reserves out of reserves and into something else and the goal seems to be to fund the USG deficit with that.  This might mean BB can get away with no QE for a lot longer than expected because there were about a year's deficit worth of dollars parked in excess reserves.

Sep 26, 2011 1:25 PM

banks used to use repos to generate yield off that cash.  They apparently cannot anymore as everything is dragged to ZIRP.

the ONLY things reliably paying any yield now are USTs.

Sep 26, 2011 11:40 AM

my thesis here is based on trends I've seen over the past year in the euro/greece crisis.  When it's looked like the EUR was going to come apart, gold has risen sharply.  Given price action in some of the major european banks, especially DB and CS, along with the collapse in gold's price, it appears that some kind of bailout is afoot.

Sep 26, 2011 11:43 AM

let's recall the initial Greece default scare, where gold went vertical.  The EUR's "inflation" trade seems to run opposite of the POG, whereas the USD seems to be parallel to it.  Weakening of the euro seems to cause gold price weakness.

Go figure, but that's what's been up lately

Sep 26, 2011 11:44 AM

dude, physical IS TRADING at near the spot price, each and every day.

You people need to stop bleating this nonsense!

Sep 26, 2011 12:03 PM

dude...wtf?

Do you think that there exists some MAGICAL source of that 5-8% coupon you think you're entitled to???

They can only PAY YOU that if they can EARN it somewhere else!  Credit is supply and demand, man...why can't you people get this?

Sep 26, 2011 12:54 PM

yeah, because IDIOTS only see the obvious in hindsight.  Lemmings are what you are...right off a cliff.

Sep 26, 2011 12:56 PM

ok...um, you just lost a LOT of my respect by trying to claim you aren't RNR.  Everyone knows you are, ok?

It'd be like my coming on here with a little yellow smiley with the OTHER hand flipping the bird and a handle of "trav77777" and trying to pretend it wasn't really me...transparent.

Sep 26, 2011 12:57 PM

if they weren't bubblicious, why would a margin hike cause a price crash?

Sep 26, 2011 12:58 PM

diff btwn LT and ST, dood

Sep 26, 2011 2:07 PM

LOLZ, bitchez

Sep 26, 2011 2:12 PM

add evolution to another thing Black doesn't understand.

when the ingenious stop conquering, they are outbred by the cretins.  Not all of "our" ancestors built any vast civilizations.  Not all had writing or any of the rest of this shit.

Sep 26, 2011 2:34 PM

but Africa is deeper and realer bc black people live there

Sep 26, 2011 2:39 PM

Detroit?  i guess if you want the "Zimbabwe" experience, sure...I think the Silverdome sold for like $50

Sep 26, 2011 3:26 PM

ah...Hypertiger.  Saying the same things I am saying about yields, growth, and money supply.

Where we part company is the endgame.  Unpayable claims get discounted...and our money is claims.

Sep 26, 2011 3:32 PM

show me a society that didn't plunder.

Sep 26, 2011 3:42 PM

Yeah, this is pretty much it.  The EFSF buys bonds and so the participants are kinda owners pro rata in a CDO that contains bonds.  However, there's no tranching that I can see.  Not like Germany puts in more money and gets a senior cut of the repayments.  That makes it more like a vanilla MBS pool.

This new SPV would be a real CDO.  A squared CDO would be a vehicle built out of tranches, itself re-tranched.

If they do this right, they will aggregate sovereign bonds and then sell slices of them on seniority ranks, with differing yields and payment hierarchy...iow, a real CDO.  That becomes the supranational securitization of sovereign debt.

Once those tranches are out there floating around, someone can then aggregate them and retranche and make the whole system blow the fuck up.  I told Douchinger that if YOU didn't request the credit that the gov't would on your behalf.

Sep 26, 2011 3:47 PM

it's an EU-wide bond aggregated of sovereign bonds.  If the bonds they sell are effectively tranched, then yeah, this is a pan-euro CDO

Sep 26, 2011 3:57 PM

I think they are hoping that people borrow.  Or that they can do what the CDO market did which is offload severe risk in certain components for an aggregation and tranching across better debts.

This SPV will *only* work if it buys German bonds and other "solvent" nations' issues to go into the package.  Otherwise, you are getting an aggregation of defaulting nations, kind of as Tyler says, like a CDO^2, created out of equity tranches.

The issue here is clear- credit is not growing and MUST grow.  They are trying to figure out ways to jumpstart credit growth.  If you read into hypertiger's blog, there's another explanation of it and how the entire stimulus plus QE efforts of the world only kept money supply flat.  IOW, it's EXACTLY as I described when I said that "Ben is printing the coupon."  He is not spinning up new money in the aggregate, merely replacing debt as it extinguishes.

This won't fix the economy in the aggregate, because the geophysical forces that have caused growth to stop will not have themselves printed away.  Consumers could idiotically request double the money supply tomorrow in a borrowing orgy and that would not print more oil.  DebtMoney is not a driver; it is a parasite that most follow the real world

Sep 26, 2011 4:02 PM

and subsaharn africa didn't even have writing unless prehistoric is meant to mean like the 13th century when whitey brought it.

As for this blue paint naked shit...not even remotely true.  The un-PC truth is that all groups do not have the same distribution and mean in IQ

Sep 26, 2011 4:03 PM

unfettered breeding invariably leads to catastrophe.  your move

Sep 26, 2011 4:17 PM

they can certainly roll some gold into this CDO if they want to find buyers...at least it then has some recovery value lol

Sep 26, 2011 4:18 PM

uh...about the only people left in detroit are black

Sep 26, 2011 4:21 PM

yeah...and the Fed has the negative cash rate to chase excess reserves into bonds, thus eliminating QE need for at least a year.

Sep 26, 2011 4:29 PM

just de-list China

Sep 26, 2011 4:35 PM

banks have always had infinite money to lend out, idjit.  They create money in our system.

Back in the 40s, the aggregate credit base was like $350B.  Now it is $52T. 

Demand is what sets rates

Sep 26, 2011 4:38 PM

I've already stated the cause, doofus.

Aggregate yields are ZERO. 

This is why brazil can have a 10% rate and we a 0 and we AREN'T seeing explosive growth!  There is no growth to be had here.  We're tapped out.  Same as Japan for 20 years...no growth.

Sep 26, 2011 4:40 PM

nonsense.  ALL credit was demanded by people.

All of it.

When they stop demanding more credit because growth stops then rates attempt to cheapen credit to attract more borrowers.  This is what happened to Japan and it is happening here.

There is simply very little to do in the US and earn a positive ROI even at 0%.  Why the fuck would you when brazil has been exploding and you can fall in a hole down there and get rich?  They can support an interest rate over TEN percent!  That should tell you about their real growth rate and how immensely profitable in the aggregate their economic climate is that they can support a rate that high. 

Sep 26, 2011 4:43 PM

well, let's see...according to the hysterics, we should have all been dead by now, right?

I mean, fuck...that was how long ago now?  And we're all still alive.  So maybe I was right in telling you people not to panic?  Yes, Fukushima was a hell of a catastrophe with immense issues, but it was NOT the end of the fucking world and not even close.

We had paranoid nutballs like mosely-claven suggesting that everyone in Tokyo would soon be dead or evacuated...like within a WEEK and shit.  Others saying similarly insane shit.

I was only saying don't panic and life goes on and this will not end the ocean or the world or life as we know it.  And I was right.

Sep 26, 2011 4:45 PM

uh...did you just go out of your way NOT to answer the fucking question?

how did a MARGIN HIKE cause a price crash if there was no bubbling (using DEBT to buy)?

Sep 26, 2011 8:50 AM

lemme guess...another silverbugz bagholder?

Sep 26, 2011 8:53 AM

so, in other words, his picks are about as good as yours?

Sep 26, 2011 8:59 AM

at this point, you have to consider paying your taxes and walking out.

Sep 26, 2011 9:05 AM

bc mfers is gettin SMOKED.

Sep 26, 2011 9:09 AM

ROTFL...just like the dozen or so you were "expecting" in the past year?

You've been bleating about this shit all the way up and now again all the way back down?

buy now or be priced out forever!!!!!  wtf, you sound like a RE shill

Sep 26, 2011 9:10 AM

can find you a dealer within 10 seconds who will.  Stop listening to this idiot mosely-claven

Sep 26, 2011 9:21 AM

golddealer.com?  JFC

Sep 27, 2010 6:54 PM

I'm so sick of hearing how debasing your currency helps exports...as if such a thing is costless.

It does so by FUCKING labor and FUCKING wage earners in the ass.  Everyone is trying to devalue against everyone else.

As long as the dollar buys oil, we cannot be defeated in this game.  Only a fall in the House of Saud or an exit from Iraq/ME/etc. can dislodge us.  Stupid euros shouldn't have had us be the world's navy, eh?

either way the future is bleak for labor...

Sep 27, 2011 10:29 AM

huh?  Brazil is on its 3rd currency in 20 years

Sep 27, 2011 10:50 AM

yeah, man, there is good trolling, and...this is simply not your best effort

Sep 27, 2011 10:54 AM

are all the women gonna disappear or something?

Sep 27, 2011 10:59 AM

no

Sep 27, 2011 11:01 AM

it wasn't OPM...it was debt.  And it was created from thin air

Sep 27, 2011 12:43 PM

gasoline consumption at 1997 levels = we don't need more roads and bridges.  We need less

Sep 28, 2010 12:17 PM

so you trust a cross-border paper contract?  Because that's all you have in your possession, a physical copy of a paper contract.

Sep 28, 2010 12:22 PM

house to house?  It'd be too hard.  There is far more in "allocated" accounts and IRAs to grab, or in deposit boxes.

Also, much easier to tax things like registered assets such as housing and cars.  Start wealth taxing if they want to confiscate.

Sep 28, 2010 3:34 PM

oh, I think you know a little somethin about that...

Sep 28, 2010 9:34 AM

I was hoping for a gold down day so I could hear the cries of BLATANT MANIPULATION!!!!!!111

Oh well, how about a goled bitchez instead?

Sep 28, 2011 11:13 PM

nah...it's a country run by black people.

Do some fkin research before spouting off nonsense

Sep 28, 2011 11:16 PM

according to Jared Diamond, black evolution proceeded away from civilization because mass concentrations of them would be wiped out by malaria.  Consequently, the civilized ones had a lower offspring survival rate and the antisocial traits such as violence and low cognitive aptitude came to dominate

Sep 28, 2011 11:18 PM

do you REALLY expect trappings of civilization in a country that's been blacked out like RSA?  GTFO here...

Sep 28, 2011 8:35 AM

Greece has debt P.  They owe interest I.  That means when the debt matures, they really need to come up with P+I.  They are not growing.  Consequently, they must default.

There is no way to play the debt or debtmoney games if you are not growing.  Greece and Ireland are just canaries.

Sep 28, 2011 8:39 AM

then bye bye services

Sep 28, 2011 8:40 AM

why do you suppose the dollar hasn't imploded already?  75% of worldwide debt is denominated in FRNs. 

Sep 28, 2011 9:17 AM

in the recent past, when it looked like the EUR was going to go kaput, gold has done the opposite.

The EURs have to go somewhere and it won't be CHF

Sep 29, 2010 10:31 PM

what it means is significant impairment in the equity tranches

Sep 29, 2010 10:37 AM

they don't mint buffalos in unlimited quantities. 

Sep 29, 2010 10:42 PM

discovery is the pretrial process where you gather evidence.

A suit for damages would require significant examination into exactly what assets were on the books that were being sued on account of.

I think every citizen should file a class action suit against all the goddamned banks and the fuckin Fed too.  The founders would have shot all these people by now, wtf is wrong with Americans?

Sep 29, 2010 11:16 PM

fuck the ROW.  They been pulling this same shit for decades.  ROW was all too happy to have jobs and produce on the backs of US debt and the dollar system.

Guys, though, even Weimar took a couple of years to unfold.  We're not going to wake up one day to a monetary apocalypse.  Sep 08 was as close as we'll come...they will, as I have consistently said for years now on this and other forums, continue to print money because it solves the math problem of deflation.

Sep 29, 2010 6:35 PM

what the fuck is the problem with trade war?  When faced with a mercantilist ponzi, this sort of thing is inevitable.

EVERYthing the economists tell us about the cause of the Depression was wrong, why should we fucking believe Smoot-Hawley protectionism was a cause?

GFD, China is wantonly protectionist as is Japan.  Maybe we should just buy yuan.

Sep 29, 2010 6:55 PM

It sounds very strongly like I should lever to the moon and make no payments.  I just wish I had the credit to borrow enough to never have to work.

The "forgive all debts" seems to run in line with the "screw the prudent" and "screw the savers" memes.

Once debts get wiped, nobody will ever lend again.  I still think FNM, FRE become landlords and this becomes a gigantic Sec 8 housing system where you pay taxes on housing.  At some point, squatting becomes ownership.  I mean, who really the fuck knows which hood rat lives in which project unit?

Sep 29, 2010 7:46 AM

oh gawd....

Sep 29, 2010 7:54 AM

the gov't can tax his stupid house and boat and stupid diesel jetta, too.  And his guns and ammo and canned food.

Did it ever occur to him that people might break the law?

Sep 29, 2010 7:55 AM

how antisemitic

Sep 29, 2010 7:58 AM

but...but...it was in an ALLOCATED account!!!!!11

German gold has already been leased and sold, surely.

Sep 29, 2010 8:13 AM

you guys aren't 'getting' what bond demand means.

i mean, we see "TPTB" conspiracy illuminati trilateral theories around here all the time, and people can't put 2+2 on the bond sales?  Bonds are claim tickets for a liquidation.

Look at what Icahn did with Blockbuster...he amassed a big share of the claim tickets in the preferreds and debt instruments and so that gets converted to EQUITY in the BK.

What is equity?  It's proportional OWNERSHIP.  If the US liquidates, it would be via default; there is your bond bubble collapse.  But that hasn't happened yet.  So, people are stockpiling, competing with each other to grab shares of claim tickets.  In a BK, existing equity gets wiped out and debt is converted to new equity.  The bondholders take over ownership of the company.

If you own real productive assets, what does it matter the denomination thereof?  Carlos Slim doesn't care how many zeroes are on the paper; he owns a share of your life because he has productive infrastructure throughout latin America.  In any currency, you have to work some and he gets the fruits of that in trade for use of his cellphone towers, for example.

It's the ultimate rentier trade.  And it has worked MANY times in the past.  If you look at Colombia or Argentina, you see a situation where gov't debt was well-bought even when default was easily foreseeable.  But, having these claim tickets ends up getting you ownership of national physical assets, oil, gas, telecom, power, etc.  These are real things which generate real income.  Essentially, Spanish banks and companies RENT a lot of South America to South Americans.

Sep 29, 2011 3:56 PM

agree...the piece should be even tidier:  PEAK OIL DID THIS

Because that is the cause.  These men merely did the same shit as all before them.  The exponential math made their efforts 2x the previous, etc. in turn.

The thing went to hell when growth stopped.

The self-delusions and mental contortions people will go through to avoid the truth simply blow my mind.  Even on this board, there are 90% of the people who want to believe that if we could just prosecute some people or change the rules or go to a gold standard, somehow change the HUMAN equation, that everything could go back to happy joyjoy.  Reality has its own agenda.

Sep 3, 2010 1:04 PM

Gotta ask this:  are you people fucking stupid?

Do you want PRODUCTION CHARTS which SHOW a C&C peak in 2005?  Or do you want to stay stupid?

The origin of oil is IRRELEVANT.  I don't care if it comes from the three of your ASSES.  If you consume it at above the rate it replenishes, you have a fucking problem, moron.  Even idiots as clueless as YOU can figure this shit out, right?

So you DENY peak.  You therefore claim that oil production can GROW FOREVER.  Only a raving MORON would believe something so utterly absurd.

The problem with you retards is that you don't even understand what Peak IS despite the best efforts of dozens of people with far more cognitive ability than you trying to explain it to you in details that those pathetic things you call brains can grasp!

Let me try one more time:  we consume oil in this world at a RATE.  We do not CARE how much oil is in the ground.  We care solely about the RATE at which we expect to use it.

Peak oil is the point at which the RATE we can extract oil from the ground peaks.  After that point, we can only produce it at decreasing RATES compared to previous years.  As our economies are all built on growth, we NEED to have an INCREASING RATE of oil production because energy is a net input to EVERYTHING.  If we wanna have more people doing more things (growth), we must have energy at an increasing RATE.

Peak Oil has NOTHING WHATSOEVER to do with reserves, only to do with the RATE at which those reserves can be produced.

Now, this may fucking shock you, but ALL OIL FIELDS have PEAKs.  Every single fucking one in the history of oil.  100%.  All.  Todo.  Got it?  Now, this may be a leap for you guys to get your heads around, but if you see that individual wells have peaks and entire fields have peaks (they do) and collections of fields called COUNTRIES have peaks (they have, approximately 60 of the top collections of fields we refer to as "countries" have met a measurable and DEMONSTRABLE peak in their oil production), then is it so hard for you cretins to grasp that collections of countries that we call the fucking EARTH might also have a peak???  Is that REALLY so fucking hard?

Or are we to assume that wells peak, fields peak, collections of fields called countries peak, but the collection of countries called the earth, well...naw, it will continue geometric growth in production FOREVER? 

Sep 3, 2010 1:06 PM

Lol...maybe they can show me ONE oil well in the history of the world that hasn't peaked.

Proven facts?  Fuck, this shit has been out there getting measured by professional oilmen and geologists for fucking 100 years.

WAKE UP MORONS, the USA peaked in 1970.  40 years ago...get with the fucking program already.  How motherfucking out of date can you be to talk about not having CYR's "PROVEN FACTS" when the effin facts are 40 years fucking old?

GFD, there's a wiki page showing major nations' peak production dates; anyone can look at it and check the references.  JFC

Sep 3, 2010 1:11 PM

Ok, TJ...lemme help you out.

On ANY energy-related topic on ZH, just scan down and find my posts.  I mentioned the 2002 Helium peak in many previous posts.

Helium naturally replenishes because it comes from U238 alpha decay.  HOWEVER, the RATE at which it can be extracted from the earth will reach a peak point and then decline.

Helium is an absolutely CRITICAL element, necessary for the very bleeding edge of technology, irrespective of what this sheepdog idiot says below me.  He is used in cryogenics, MRI and high tech imaging; yet we waste it on kids' balloons.  This is the tragedy of our society filled with fucking consumptive viruslike cretins.

The deer on the island don't mean to consume themselves into self-destruction; they are just too stupid to know not to.  Humanity is cursed similarly.

Sep 3, 2010 11:27 AM

He's expecting continuation of the carry trade, that's all.

If you had access to FRNs at ZIRP, where would YOU invest the money in a bubble project?  Brazil or India.  Or if the bribes were done right, his "next 11."

South Seas and Mississippi, here we come!!!

Sep 3, 2010 11:52 PM

NOTHING trumps physics, ok? 

The Wrights did NOT trump physics, they USED physics.  They did not invent antigravity or perpetual motion and violate the laws of thermodynamics or conservation of energy.

I am SO SICK of laypeople talking about science as if they know a damned thing about it.

All assertions are either true or false, it's as simple as that.  There is no such thing as something that is true for me but false for you excepting constructs only applicable at relativistic velocities or quantum effects beneath the planck length.  This isn't goddamned Shroedinger's Cat, ok?

Sep 3, 2010 12:22 PM

I'll say this politely:  you're a fucking idiot.

 

ANYONE who denies peak oil is saying that exponential growth can be sustained forever. 

Read that shit again and UNDERSTAND IT.

Sep 3, 2010 12:25 PM

GFD, you idiots are the entire problem.

You're not sufficiently intelligent to understand Peak Theory, yet you feel compelled to speak on it.

Reserves have NOTHING to do with production rates.

Sep 3, 2010 12:32 PM

Thank god some people get it.

I've been considering a "Create Content" to try to explain to the morons how peak works, but I often wonder if it's a lost cause.

NET production is all that matters.  Reserves do not.

For example, the tarsands have roughly equivalent URR to the fields in KSA.  However, the expected maximum PRODUCTION from these reserves is dramatically different.

Not ALL reserves are the same.  The tarsands are a 4-5mbpd resource, KSA's fields can or did produce probably 12 at peak.  Same reserves, 1/3 the NET production from tarsands (not even including the massive NG they burn to mobilize the bitumen).

There are fields in deepwater, such as Tupi, containing 8Bbbl URR...yet this field is expected to produce around 500kbpd at peak.  There were shore fields in this reserves class that produced at 3x that rate at peak.

Also to consider is that the deeper the water, the sooner the fields peak and the steeper the decline rate is from peak.  Given that all of our recent big finds were in deep water, we're facing a potentially catastrophic production decline globally.

Imagine how the mexicans felt when Cantarell, formerly the world #2-producing field, had a 34% YoY decline in production and now is a minor field, falling from 2.1mbpd to 500kbpd in the span of only a few years. 

Sep 3, 2010 12:35 PM

You're starring in a bukkake here, dude, and you don't even know it...plz STFU about things you know nothing about

Sep 3, 2010 12:42 PM

We needed a Manhattan Project on this in the 1990s, when we had the chance.  Like Hirsch and others said.

Instead we got Bill Clitton, SUVs, and twin .com and housing bubbles.  Worst.President.Ever.

The Mars Rover has $1M/panel voltaics that deliver 2-3x the efficiencies of commonly-available panels.  Where's the investment?  We invested in granite countertops and deadwood real estate.  No Child Left Behind and stupid shit like this, irrationally kvetching and wasting our resources and time on kids who simply lack the aptitude to ever be good at cognitive tasks.

There are technologies out there, thorium cycle nuclear, PBMR, etc...still no liquid fuels.  Air travel requires the energy density of gasoline, but ground transport can live with H2 or ethanol.  And yet where did our investment go?  We printed money to liquify BANKS for a fucking credit bubble that built shit with NO RETURN.

All of our national spending is sunk cost, dead assets.

Sep 3, 2010 12:46 PM

Do you even vaguely understand how what you JUST SAID in fact validates peak oil?

Sep 3, 2010 12:50 PM

You guys don't get it, do you?

Money is irrelevant.

profit is irrelevant...no matter how profitable it might be to break the laws of physics, they cannot BE broken.

If oil rises to some insane price, it will be because energy is SCARCE.  The monetary "profitability" of some other activity vis a vis oil won't make the energy any less SCARCE.

Sep 3, 2010 2:07 PM

You were a peak oil denier in the 1970s after the United States' oil production peaked for all time?

Talk about a fucking idiot...wow.

Go google me our production figures in 1970 and now, after all this technology made it easier to find and extract.

Sep 3, 2010 2:10 PM

This is the dumbest post yet!

IDIOT...US oil production peaked in 1970, LONG before any of this NIMBY shit.

our oil production WILL NOT RISE, we are on a 40-year track of nearly unabated decline!  The only blip was the coming online of the Prudhoe/N. Slope complex...and even this supergiant field DID NOT REVERSE the trend.

We are truly lost if idiots like you are in abundance...

Sep 3, 2010 2:13 PM

GFD, just when I thought you couldn't get any stupider, you introduce a strawman in the form of AGW.

No, motherfucker, ANSWER the post, don't change the subject like a bitch onto global fucking warming.

ANSWER...do you or do you NOT believe that oil production rates can geometrically grow forever?

ANYONE who denies Peak is saying that this is exactly what they believe, that production rates will NEVER hit a maxima and will NEVER decline.

Sep 3, 2010 2:16 PM

um, because Peak actually happens?

Jesus fucking Christ, why the fuck do you morons THINK that there are ANY abandoned or depleted oil wells out there?

Why did we need more than ONE well?  If production will grow forever, drill ONE hole and watch it go up to infinity!

Peak is a "theory" like Relativity or Evolution are.  It's a term of art for us scientists and engineers.  You laypeople are merely confused and lack intelligence and understanding.

Sep 3, 2010 2:19 PM

You guys just keep dreamin, whydontcha?

US production peaked in 1970.  USSR in 1989.

Some 58 out of the top 65 oil producing nations have peaked and are now in decline.

Get the fuck OVER IT already.  It happens, it is fact, there's no way you can invent your technomiracle in the future that is going to reverse it when FORTY YEARS worth of dreaming hasn't done shit to the US's production curve.

Just hope "someone" comes up with something.  So, in other words, you are high on Hopium.

Sep 3, 2010 2:24 PM

Please, shut up.

You could only claim peak uranium when the amount of uranium being produced from the ground hits a maximum, then declines.

This WILL happen.

Gold production peaked long ago in RSA.  And in the US...our production now declines.  Helium globally peaked in 2002, Gold in 2000.  Look, man, the evidence is all around you and is incontrovertible.

Even WATER will peak...yes, it will!  Despite the fact that water cannot be destroyed or consumed.  Water peak will be when we cannot extract water for use any faster.  Water won't go into supply decline, however, thank god for that.  Oil will because oil gets burnt or turned into plastics.

Sep 3, 2010 2:30 PM

Listen, bub, I can't pretend to respect the commentary of ignorants like you.

Let's reflect on technological advance, then.

The US peaked in 1970.  FORTY YEARS' worth of technological advance has not and CANNOT reverse that.

You don't have a fucking clue why 90% vs 50% URR is UTTERLY and COMPLETELY irrelevant to what I just said, so do us a favor and shut up!

Fuck Malthus, Fuck Gore, fuck the AGW people, and while I'm up, fuck you too!

Peak oil has ZERO to do with Al fucking Gore.  Peak was theorized by HUBBERT in the 1950s, you douche.

All it takes is a little technology...fuck, man, in the face of this kinda cornucopian dreamworld fantasizing, what the fuck can REALITY do?  How bout we all just simultaneously wish upon a fucking star?

People are not smarter than I give them credit for, as I do not suffer from the Downing Effect.  I can give a highly accurate estimate of intelligence and find yours sorely wanting...sad, but true.  Leave the hard things like thinking and coming up with that "technological miracle" that permits infinite exponential growth to us big brains, okie?

Smooches

Sep 3, 2010 2:35 PM

Sounds fucking AWSUMZ.

But, where does the hydrogen come from?

Did a single ONE of you like study science in high fucking school or were you ALL cheating off of me?!?!?!

Electrolysis of water for H2 fuel is net energy NEGATIVE, bud.

Sep 3, 2010 2:41 PM

LOL...burn all the plants then! 

Let's see here...at what rate do plants convert solar power to energy?

Wow, the sun is up there raining energy on us, I agree, we needed to devote our best minds to this instead of granite countertops.

But, we didn't.  We were too busy strenuously wishing for "them" to "come up with" a solution so we can perpetuate happy motoring and exurban McMansions.

We are as deer on a fucking island.  I give this problem to people to assess their intelligence.

Bacteria are in a bottle, the bottle starts empty at noon and is full at midnight; the bacteria double every minute.  At what time is the bottle half full (yes I know that it can't be literally empty at noon, assume it has one).

The vast majority of people give the wrong answer...they do not understand exponential compounding.  If you were a smart bacteria, who did understand geometric growth, you'd sound an alarm of imminent doom when the rest of the idiot bacteria were laughing at you because the bottle would be freakin at 1/1000 of capacity despite being very near time-wise to capacity.

Sep 3, 2010 2:50 PM

great post!

You are a far more patient person than I.  I have had this argument now for, shit, 7 years?

I've struggled to get people with IQs over 130 to understand Peak...it seems like a truly lost cause.

Sep 3, 2010 3:01 PM

I wasn't replying to you, dude?

Note the lack of indent on my post with respect to yours

Sep 3, 2010 5:05 PM

No...usage for balloons will compete with real usages and price will rise.

In fact even peak deniers such as Douchinger (who dives) have noticed the He price trend and supply tightness.

Sound money is fucking irrelevant.  You can put all the sound fucking money, the entire WORLD'S WORTH of gold in front of a depleted oil well and COMMAND IT to deliver you more oil and it will not.

I got no freakin idea where you got the notion that money was somehow the end all and be all of life.  You can't eat gold nor run your car off of it.

Sep 3, 2010 5:14 PM

I'm sorry, you are simply too stupid for me to be able to help you

Sep 3, 2010 5:24 PM

I'm sorry, man, but I can't really take seriously someone telling ME to "think of something" when that person can't spell properly.

Back to school for you; this time study science.

I've already thought my way out of this, I thought of antigravity and perpetual motion and changing the universal gravitational constant at night to pump water uphill.

Oh wait, that wasn't thinking, that was FANTASY.  Imagination DOES NOT TRUMP PHYSICS.  You'd do well to embrace that, no matter what bullshit you hear on TV.

There is truth and then there is bullshit.  I'm just getting out of an argument with a multiyear friend who said the Tea Party was the modern equivalent of the KKK.  Nevermind whether I like a single fucking tea partier or not, that statement is a BALD FACED lie.  She claims she's entitled to her beliefs and her opinion, so that I should not criticize nor contradict or in any way, shape, or form, say that what she says is WRONG.

People like this are all around the few of us who understand that there is no such fucking thing as MY truth and YOUR truth, there is only THE truth, and who are able to distinguish between matters of pure opinion and those of FACT.

Peak is a matter of FACT.  It has happened; it will happen.  Praying and strenuous wishing haven't stopped it yet.

Sep 3, 2010 5:38 PM

No!

Peak is when the production rate hits its maximum, and NOTHING else

Sep 3, 2010 5:52 PM

Jim, from this post I can only assume you are smuggling indo from Canada, bc ur fuckin high as a kite, son!

There's an "energy cost" to get the H2?  No shit?  Hydrolizing water is endothermic.  Meaning that to replace ALL natural hydrocarbons with synthesized ones, even assuming a 100% efficient, 2nd law violating process, would require MORE energy than the freakin natural hydrocarbons contain!

There's no way to cheat physics...the energy to do things has to come from somewhere. 

As for the transportation sector, a gasoline fuel cell is a better idea than any of the rest of this BS.

Systems theory, lol...unplug the system, then talk about theory.

Sep 3, 2011 10:51 PM

the anglo-american banking system is rotten to its CORE and should be crushed.  All the confettiers should be done away with

Sep 3, 2011 10:57 PM

JFC...did Brazil or Argentina or Iceland have that?  Colombia?  I have been to most of these countries RECENTLY.  I just got back from Iceland.  Nobody is starving for fuck's sake.  Life was a little harder for them now than it used to be, so they all get drunk at home and then hit the clubs instead of drinking at the joint.

This shit is JUST JEW CONFETTI.  It needn't control your life.

Sep 3, 2011 11:12 PM

if more than 50% of white people vote for a white candidate, it plainly shows how we are still in a total crisis of racism and Jim Crow era politics.  If 95% of blacks vote for a black candidate, that is a sign of massive democratic progress and is to be celebrated.

Yes, I am aware of the inherent contradictions that the previous paragraph is rife with.

It is fortunate for us that the confettiers are cousins with the media demagogues.

Sep 3, 2011 11:15 PM

you mean that miserable little Busch?  He's been gone for 3 years, doofus.  Stop worshipping BBC

Sep 3, 2011 11:31 PM

FNM and FRE are jobs programs for blacks.  Each of them is about 50% black employees.  Go figure, huh?  Who could have predicted that these entities would be the worst-run financial institutions ever?  As an aside, I had the "pleasure" to work with a senior project manager out of Freddie, fitting their dominant demographic.  Incompetent does not even begin to describe her

Sep 3, 2011 11:33 PM

but Fannie and Freddie were?  They are abominations

Sep 3, 2011 11:35 PM

It's Eric "Place" Holder.  That is his nickname, as bestowed by the Washington City Paper during his tenure as US Atty here in DC.  They are barely to the right of the village voice

Sep 3, 2011 11:45 PM

FN/FR need to be shut down immediately, not be suing anyone.

WTF is going to be recovered, more money for the MOST insolvent institutions?  Both of these GSEs have eaten far more in billions than ANYONE else even came CLOSE to.  If the payroll of any of these banks was half black, I bet they wouldn't get sued by the Bamster.

Shit will more and more clearly start breaking down along obvious racial lines...unless of course your head is so far up your white ass that you just can't see it.

Sep 3, 2011 11:47 PM

you mean the UTTER COLLAPSE of this insitution DOESN'T raise "questions" as to whether all of these motherfuckers were DERELICT?  We have to look at the effin bonuses they paid to even have such a "question"?

Sep 3, 2011 11:52 PM

look under the hood at who works at the GSEs.  It doesn't look like America.  Systemic incompetence and corruption; might as well be Nigeria down at these places.  WTF did you expect?  They have their own gov't paychecks and bonuses to look out for.

Sep 3, 2011 12:24 AM

we've always been at war with eastasia

Sep 3, 2011 12:24 AM

let's flip this script...did anti-gentilism EVER wane?

Sep 3, 2011 12:28 AM

and upon WHAT do you base this stupid opinion of yours?  The media hysteria over how HITLERESQUE their "madman" president is?

Iran offered to GIVE IT ALL UP, the whole 9 yards, after 911 and Busch told them to get fucked.  They were discussing full normalization, the whole kit and kaboodle and we axis of evil'd them.

Now at 9/11/11 we are seeing the Spielberg docu about the towers...can't EVER let this shit go, can we?  3000 fucking people...when we killed 20x that TWICE in WW2.

Sep 3, 2011 12:31 AM

you've been jewfucked.

Have you ever met any persians?  Do you know a fuckin thing about Iran other than what you were fed by a bunch of jew neocon talking heads?

Sep 3, 2011 12:32 AM

you're a motherfucking idiot

Sep 3, 2011 12:34 AM

you're an idiot, you know that?  Neither Russia nor China would risk open war with the USA and they would under no circumstances attack Israel, nor does either nation have the capability to do so other than with ICBMs.

Sep 3, 2011 12:37 AM

your statement isn't even remotely accurate.

The Germans knew we were coming ashore and roughly when.  A series of dumbshit appeasement compromises by Hitler regarding placement of armor as well as having to abandon the first invasion date due to weather were responsible for the apparent unpreparedness

Sep 3, 2011 12:49 AM

who owns and runs the NYT and the other major papers, all the movie studios, and the television and news networks?  Cousins, that's who.

It's why certain things will NEVER be printed or spoken.  The message aligns with whatever their cousins desire...be that diversity or minority "empowerment" led by the NAACP (cousins founded, run, and fund this) or SPLC (which doesn't even pretend to be controlled by blacks) or the military attack of a regional rival of their pet nation.

Sep 3, 2011 2:29 PM

Rockefellers, but no warburgs or annenbergs or rothschilds?  How are they not bluebloods?  Rothschild bought a barony; that is the definition of blueblood.

The royal families that did not get into industry have been neutered, dude.  They had to accede to that for their own survival.  Banking is power now.

Sep 3, 2011 2:31 PM

With all the stupid shit he's said, only his patrons in the media who adore the black man so much they built an entire race hustling industry for them, have kept his approval rating out of single digits

Sep 3, 2011 2:37 PM

I have a pretty good sample size; enough to say that western women are useless.  They are fucktoys.  They are proud that they do not know how to cook, do not clean, want an aupair to raise their kids.  Screw that.

Get a foreign girl, from a country where traditional values still exist.  Either that or find any western woman, buy a firearm, load and cock it and put it in your mouth and walk around with her finger on the trigger.

Sep 3, 2011 9:53 PM

pension funds need returns, not lumps of metal

Sep 30, 2010 10:19 AM

GLD owns mostly futures contracts promising the gold.  Until we get an independent audit, we have no idea what physical they may even have in a warehouse.  Additionally, as some major bank will act as their custodian, that bank may elect to lease and sell that gold and put yet another claim ticket in the vault.

Also, gold's production peak in 2001 still stands, despite a banner 2009 in terms of production.

If you want a scarce PM, try platinum.  82M ounces of gold mined last year against 4.6M of Pt.

Sep 30, 2010 10:23 AM

They have good reason to hate white people, for things like the oppression of electric power, refrigeration, and modern medicine

Sep 30, 2010 10:34 AM

This is very easy shit.

People will look at this and go "who in hell would want someone who presided over such a monumental failure??!??!"

You're looking at it wrong.  Executives don't hire or want a person who makes money "for the company," they want someone who will make a lot of money for OTHER EXECUTIVES.  They don't honestly care a fuck if the corporation goes chapter 11, so long as the executive compensation packages were favorable to THEM.

Ownership needs to rise up and fire every one of these assclowns.  They go from company to company and systematically bankrupt it, destroying ownership's investment and equity while pocketing megamillions for themselves.  It's like if you hired a person to manage your rental condo and they went and signed massive HELOCs on it and took the cash and put it into their own pockets.  That's how executives behave, as if the corporations they are entrusted with are their own personal Disneylands.

And not ONE of them was at fault for any of these failures - it was the fault of the little people for being deadbeats.  An executive who worked for Chuck Prince would not say "Chuck is incompetent because he destroyed Citi," he'd say, "Chuck made ME a lot of money, I like Chuck."

Sep 30, 2010 12:43 PM

eh...they're within a few thousand here and there; nothingburger

Sep 30, 2010 12:46 PM

camera problems can be solved with spraypaint.

Sep 30, 2010 3:07 PM

Eric "place" Holder?  Eh...he's never been too much into doin anything

Sep 30, 2010 4:16 PM

This is just some bunk-ass shit here tho.

There are diseases which will make you sick even if you were previously in good health.  Reality trumps belief

Sep 30, 2011 11:55 AM

Nonsensical bullshit.

There IS NO LAGOON on the other side of the reef.

The Peak Oil reality is that the reef gets sharper and sharper and shallower and shallower.  The wind is onshore and the currents are strongly onshore.

To muster the effort to row against this to deep water to at least look for another landfall has probably passed.  If it hasn't, it is imperative that we reverse course now, not start throwing shit overboard in a FUTILE attempt to find paradise.

Sep 30, 2011 2:29 PM

but white overrepresentation is a result of....that's right, RAYCISM

black overrepresentation in jail or poverty or low IQ or lousy SATs or anything else is...RAYCISM

but, JEW overrepresentation is based on...got it...MERIT.  OF COURSE.  Couldn't be anything like nepotism or shit like that.

Only whitey is ever overrepresented as a result of something OTHER than merit.  You are the definition of a useful idiot goy

Sep 30, 2011 2:30 PM

Stupid is as stupid __________________________

Even a moron like Forrest Gump got this one...

Sep 30, 2011 2:35 PM

you're an idiot in the mine...do you know WHY it was that jews were faced with restrictions such as these?

Oh, right...RAYCISM.  That's what the media and all the books by Simon & Schuster told you right?  And you figured it all out based on all of one data point, right?

No...it was because those societies ended up like THIS ONE.  A group of jews ran their fucking usury ponzis and the entire place went to SHIT with them owning everything.  It was the same during Weimar.  Hell, a couple of jewish brothers were on opposite sides of the table to negotiate Versailles.  Who do you suppose that benefitted?  Look at the Fed board...do you see diversity there?  How about in media?  Oh, but no, we have bagholders to sit around and sing the praises of a group that is notoriously xenophobic and proclaim that they acquired a stranglehold on the two industries you morons sit around and HATE MOST (finance and MSM) and you cannot seem to connect any dots?  It was all just merit, right?

The way you goyim bootlickers will carry water for a group that sees you as cattle just boggles my mind.  Well, maybe it shouldn't...you ARE cattle.

Sep 30, 2011 2:41 PM

you don't have ANY FUCKING CLUE what jewish kids are taught.  You know only what they TELL YOU on their wholly-owned media channels and wholly-owned publishing houses and with their wholly-owned propaganda arms like the NAACP, ADL, and so forth.

You really have no motherfucking clue.

Merit and hard work?  WTF?  There is MERIT on a nearly 100% jew Fed Board that is A FUCKING SCAM?  How many times do you idiots have to call the Fed an act of PURE EVIL but you cannot seem to identify HOW the Board running it has always been MONOETHNIC?

Can you dumbshits not spell nepotism?  Jews unapolagetically practice PURE RACISM, the distilled, unalloyed version of it and they do it right under your fucking noses and you step back and proclaim it MERIT.

If you were smart you would teach your kids what other kids are taught- look out ONLY for their own, practice ruthless racism, never hire a jew, never hire a black, unless they can serve your interests...IOW, be exactly what everyone ELSE is.  Instead, you bought into this fairy tale that racism was a purely white condition (+1 to whoever identifies the ethnicity of the homo marxist who came up with that meme).

Hard work and all of that means shit.  What matters is who you are and who you know and if you're a jew, your resume goes to the top of a jew hiring manager's pile.  The stories people can tell who've intersected this clan are legion.

Sep 30, 2011 2:46 PM

and the pinnacle of their success is the FRBNY, the entire banking industry, and the MSM.  Global usury and central banking are their highest achievements from all this merit.  You want to hang the entire FOMC...dumbass, they were just being "successful."  Who cares if their success impoverished millions or billions?  It's just whitey hate that rounded them up into ghettos for past implementations of this same clan industry.

Do you idiots even THINK before you speak?  It utterly baffles me that you can lionize their success when their most notable successes are outright scams that you hate.

Sep 30, 2011 2:47 PM

fuck off

go play your race card in Detroit or somewhere

Sep 30, 2011 2:50 PM

the definition of racist is a white person.

Think I am lying?  Look it the fuck up.  Research who came up with the very WORD and what he defined it as.  Then look at his friends and those who took off running with that word and made it into an institution.

Oh...but there's MERIT and they were just successful and all of that shit.  Anyone who says otherwise is a RAYCIS.

Never apologize for being what others say is racist.  They all are.  Especially the group that brought us that word.

Sep 30, 2011 2:52 PM

listen, retard...you surely watched all those people crying and fainting and shit when the MESSIAH HISSELF was speaking and proclamating and all of that?

You REALLY believe that people STILL have their fuckin Obama stickers on their volvos bc it was about Busch?  Get your head out

Sep 30, 2011 2:53 PM

funny how you mention two semites in response to a claim that the majority of banking execs are white

Sep 30, 2011 2:54 PM

pas de sweat; they have legions of ready-made idiots that will blame the inevitable blowback on the USG having masterminded another "false flag."

Sep 4, 2010 1:40 AM

can't be bothered w/ that, man, too busy watching Jersey Shore.

Actually, I've never watched that shit...it's on MTV or somethin?  The Yo Ghetto channel?

Anyhow, so my accountant answers 6 o'clock like everyone else does.  I was like yeah um lemme make sure to check those tax numbers.

Imagine a smart bacterium.  He's at 10 minutes to midnight looking at rapidly impending doom.  Would the Dunning-Kruger bacteria listen?  Nope.  They'd say nigga pleeze, this bottle only 1/1024th full!  We got miles and miles of space left, stop DOOMING and being played by "TPTB" who just want to deprive all of us of our god-given right to large SUVs and granite countertops.  And if you spoke too loud, they'd band together and kill you.

Then 2359 comes and they'd hate you ^2 for being right when they weren't.  I've noticed another effect where abruptly or rudely awakened idiots react violently to the intrusion of reality onto their faux self-concepts.  They start trying to get rid of the people who tried to warn them (good fucking idea, eliminate the few who were smart enough to anticipate the problem).  The mediocre in my experience very steadfastly resist acknowledgement of reality even when it has them tied down and is bitchslapping them.

 

LOL..watching the exponential youtubes now, I use these SAME FREAKING analogies- you can see my 10 minutes to midnight bacteria bottle in one of the preceding paragraph.

This is a very good series...should be REQUIRED viewing for all people

Sep 4, 2010 11:31 AM

Just...idiotic.

You actually believe it's possible there is abundant oil under downtown Havana?

Uh, and maybe there's a continent the size of australia out there that we haven't discovered yet, right?

BTW, the Saudis are liars.

Sep 4, 2010 12:38 AM

Downing Effect and Dunning-Kruger...actually, researched psychological phenomena.

I keep trying, though, but I've gotten more abusive as the years have gone by.  I've been doing this peak thing since like 2003 or something, maybe even before that.  I used to be patient, polite, try hard.  Friend of mine had a 1400+ SAT back when that meant something, couldn't get this shit.  I tried over and over, because I am stubborn and I refuse to admit defeat.  No Kobayashi Maru for me.  Eventually, I succeeded.

His position was classic Downing; he assumed that if it were real, he'd have known about it.

Most people, when they are forced to accept the truth of peak, retreat to the Jiminy Cricket Defense of hopium OD.  "They" will just "come up with something."

And, maybe they will...I have long said that fusion power is our way outta this, but that sadly always seems a decade off.  But the stupid are very clearly outbreeding everyone else, and this modern idiot is so brash and cocksure; it so totally amazes me how self-important and grandiose literally mediocre people are.  It's really quite astonishing at times.

People who cannot write with a modicum of clarity, have a paucity of vocabulary range, lack even basic grammar and language structure, nevermind their ubiquitous incoherence...these people expect to be taken SERIOUSLY in their opinions, for god's sake.

I marvel at it, and wonder just exactly wtf is going on in their heads; do idiots like CYR actually believe that they can match wits with me?  That their level of knowledge on this topic is at parity with mine?  It appears patently obvious to me and several others here who is knowledgeable on this topic merely by what they write; it seems to be self-evident, but I guess I must conclude that it isn't.  This is a very confounding phenomenon, probably warranting further investigation into how to surmount it.

I really believe that, ceteris paribus, it would be more advantageous if stupid people were told early on that they were stupid as opposed to being subjected to the abuse of ersatz self-esteem-oriented "education," which serves only to compel their belief in the fabrication that they are intelligent.  Instead, we irrationally dump metric assloads of resources into futile and vainglorious attempts to put everybody on the righthand side of the bellcurve.  It's not just asinine, it's really rather self-destructive.  The average will not invent the transistor or microprocessor or anything else for that matter because such an endeavor is outside of the purview of the average!  As a society, we'd be better served by placing at the disposal of the intelligent our resources so that they could provide society with all of the whizbang cool consumer merchandise that the cretins ooh and ahh over.  Along with technical quantum leaps.  Instead, there is mass agonization over poor ghetto kids with IQs of 80, so we need to cut manned space flight and other science research because dem kids gots ta has sheeit n' gibs me dat.

Why not just give one child's scholarship money to the other child who's a heroin addict?  Seems to make about as much sense.

Sep 4, 2010 12:52 AM

the only hope for fusion is if someone brutal takes over and turns and says, ok, Trav, now wtf do we do here?

And most people will not like the truth.  Hell, I would set a reproduction permit bar at IQ 105.  The demographics trends would skew so freakin massively that people would think it was racial genocide.  Our only hope for humanity is if there is a sudden outbreak of rationality.  Right now, clearly things are headed in the opposite direction.

Only once people understand the problem or understand that they cannot understand the problem and therefore should defer to one who can, will the necessary sacrifices be made to resurrect an energy growth paradigm.  With existing human demographics, such a thing is impossible so long as one man has one vote.

Sep 4, 2010 12:59 AM

Fuck Kunstler.  fuckin jew racebaiter libtard is what he is.  read his latest blog post and tell me it doesn't make you puke.

Whether you are a tea party person or not, to hear the slander leveled at ordinary people who are just sick of the bullshit in DC...this type of demagoguery needs to be answered with gunfire in my opinion.

My recent run-in with a friend over a similar topic leads me to the conclusion that we are so far gone that war and mass death is the only solution here.  There is a time for every purpose under heaven and methinks it's time to kill.  The differences have become irreconcilable, which is highly tragic, but strenuous wishing won't unspill milk, now will it?

50 years ago if someone called you a bigot for not voting democrat or a communist for not voting GOP, they got punched in the mouth.  Nowadays, people are insulting with impunity; it's as if they were raised by wolves.  Some people even have forum avatars giving everyone the middle finger!

Sep 4, 2010 2:00 AM

Watch this, moron:

http://www.youtube.com/watch?v=F-QA2rkpBSY

Sep 4, 2010 2:04 AM

ALL Peak Oil denier idiots MUST WATCH:

http://www.youtube.com/watch?v=F-QA2rkpBSY

Watch the fucking series.  Bow down.

Sep 4, 2010 2:06 AM

Yes, just like it did in the USA in the 1970s.

Your arrogance is exceeded only by your stupidity...

Sep 4, 2011 1:12 PM

the nations there are not several millennia old, you idiot

Sep 4, 2011 12:06 PM

more stupid shit from an idiot who has never visited a collapsed economy

Sep 4, 2011 12:33 PM

no...she thought she was the bee's knees, man, seriously.  Blacks in no way lack self-confidence or self-esteem; they think they are god's gift to the earth, the master race.  But, she expected everyone else to carry her water for her, just like the rest of them. 

Sep 4, 2011 12:39 PM

wtf is wrong with a resurgence of German power?  Are they going to kick out all the confettiers again?  oh nooooooo

Sep 4, 2011 3:13 PM

Cantarell is not exceptional as far as offshore fields go...the decline rates exceed anything previously seen from surface fields

Sep 4, 2011 3:23 PM

again...there is no such thing as peak "cheap" oil, and if there were, it happened in the 1970s.  That is when production of cheap oil hit its maxima and we started going offshore.

Peak oil is here...look at the consumption numbers.  Plain as day even in the absence of firm production figures which don't mix in kerogen and other bullshit liquids.

Sustained global recession is what I said would occur at global peak oil, and I said this around 6 or 7 years ago.  Not a catastrophe, not an apocalypse, just sustained global recession.  That's what we're seeing.  The financial edifice predicated upon growth is what threatens to collapse.  But there's still 80+mbpd right now of production and the US is going to be OK if we retreat to 1970s consumption numbers.  We'll have less iShit around us, but so the fuck what...our lives now suck anyhow.

We won't have the surplus wealth going forward to afford silly stupid shit like the ADA or diversity, but good riddance.

Sep 4, 2011 3:24 PM

U don't get it, do you?  Demand MUST fall because supply is falling!  We cannot consume more than is produced!

Sep 4, 2011 3:25 PM

don't understand Jevon's Paradox, do ya?

Look, cretins, consumption is falling because it HAS TO.  We CANNOT GLOBALLY CONTINUE to consume MORE because there ISN'T THE SUPPLY TO CONSUME

Sep 4, 2011 3:27 PM

+85mbpd

Sep 4, 2011 3:29 PM

Peak oil IS around the corner...the corner BEHIND US.

ALL that is occurring, I predicted like almost a decade ago...it's a FORESEEABLE consequence of peak oil and an energy theory of economics.  I wrote this shit over and over on TF and over and over again here.

Sep 4, 2011 3:32 PM

you are a fucking idiot.

Abiotic oil does not replenish at the rate we are depleting it.

If you DRAIN a lake at faster than the rate it refills, you face a problem called peak water.  ALL finite resources have Peak conditions.

Sep 5, 2010 10:39 AM

This is simple shit:

deport all illegals and seal the border.  The ends do not justify the means, ever.

If we see that we need a higher immigrant population, then we conduct systematic reform and change the legal immigration pathway so that these jobs out there that supposedly can't or won't be done by Americans can be filled.

But, the immigration policies pushed by big business, H1 and illegals, exist to union bust, wage compress, and essentially drive business profits, which translate into executive bonuses.

If the cost-savings from employing non-permanent (illegal or visa) workers was being passed onto the "public" in the form of dividends, you could make the case that there is some "public" benefit being derived from the present situation.  But the truth is that the vast majority sees NO benefit.  Only the executive class does, as they place business profits into their own pockets.

Supposed propping-up of the SSTF is bullshit; that money goes to fund wars and imperial spending, corruption, graft, waste, and fraud.  Government receipts don't translate into a better society and we cannot vicariously impute a benefit to "the people" when an agency of the government receives a putative fiscal boost.

All this means is that the entire system is lying to itself and us.  If we are truly funding our government on the backs of exploited workers, then this simply underscores the need for fundamental reform.

Sep 5, 2010 10:43 AM

I agree; the only way to prevent and eliminate what has become institutional exploitation is through fundamental reform of the system.  The devil on that is, however, in the details.

I reckon that few have an issue with largescale immigration; but the porosity of the border makes influx of criminals highly likely and the enforcement arm looks the other way because the majority of illegals are not criminals and because vested business interests derive profit while passing cost onto society. THIS is our national model - privatized profits, socialized losses.

Sep 5, 2010 10:49 AM

I think a bond collapse is further out, if at all.  Yields cannot rise at this point, there is no demand at 5%, what demand will there be to borrow at 15%?

Roll your 401 into self-directed.  Then you can buy whatever you want.

There is no 401 safe harbor from bond crash, because none have a true cash option and the MMAs can buck-break.  I'm in GSE sponsored debt and miners...there are some trades to be had on foreign funds, but the volatility out there on carry trade targets is often severe.

Sep 5, 2011 1:15 PM

couple problems...in 1933 the money supply the people held WAS gold.  Now, it ain't.  Also, now there is an insignificant amount of private gold to make a difference.

It would be MUCH BETTER to just seize everyone's house and charge them rent on it if the .gov wants to go full retard and grab shit.  Taxes will be much cheaper than seizures to implement as well.

Sep 5, 2011 1:16 PM

portugal is trading wider than WM was when it was lookin BK as a foregone conclusion during 08

Sep 5, 2011 1:17 PM

same is true of silver

Sep 5, 2011 1:20 PM

no worries, mate, I already took care of it for you.  Thank me later

Sep 5, 2011 1:31 PM

I honestly think it's going to take a BSC/LEH/WM/WB/C type set of moments for the ECB to get onto the QE parade.  Consequently, I am shorting euro banks

Sep 5, 2011 1:38 AM

over what, Stalingrad?  He sure as shit wouldn't have regretted trying to rid the nation of the confetti class that had pushed it into starvation

Sep 5, 2011 1:51 AM

wasn't Vietnam...it was US Peak Oil

Sep 5, 2011 11:17 PM

Germany, like Japan and China, just want to export and have wealth but never spend anything in trade.  They just want to hoard hoard hoard.

Trade flows MUST normalize...these nations cannot go on exporting forever and buying nothing.  Eventually, their customers run out of money.  They can't have the perpetual benefit of a weak currency.

Sep 5, 2011 11:18 PM

gold, schmold, they can back it with Benzs.

Sep 5, 2011 11:20 PM

prepare for a massive spike in black unemployment as USPS was a jobs program for them.

FNM and FRE are desperately clinging to the gov't tit or else they'd be flushed too.  Are Bama and Place Holder gonna save the payola for "my people"?

Sep 5, 2011 11:23 PM

then the native americans need to go back to Mongolia

Sep 5, 2011 11:25 PM

it means "nonwhite people."  White people are always invaders and nonwhites are always noble peace loving indigenous peoples.

Sep 5, 2011 11:27 PM

if the whole world doesn't like you, maybe it is YOU and not everybody else, that is the problem?

Sep 5, 2011 11:30 PM

jews aren't broke...what's the average net worth, 500k?  Jews don't run this country for its benefit, they do it for the benefit of themselves and their cousins.  It's not THEIR nation.

Sep 5, 2011 12:10 PM

yeah I think the sovereign can "deliver" this stuff if they want to. 

Sep 5, 2011 2:05 PM

just realizing that now?  I mean it was clearly obvious in 08...the dude is totally fkin worthless.  He's had his water carried for his entire life by DWLs

Sep 5, 2011 2:07 PM

yeah...in iceland they had some roads that were gravel and dirt.  Wasn't the economy to pave or maintain.  This is just the way shit gonna hafta be.

But Bamster and the rest will fight to the death defending exurbia.  The whites who fled there to escape the black undertow are going to have to man up and go back to the cities and displace the crime class

Sep 5, 2011 2:28 PM

that way it will fall down without thermite in the next "false flag" or HAAAARP?

Sep 5, 2011 2:30 PM

peg them anti-gentilites

Sep 5, 2011 2:59 PM

lol...yeahright.  He already is at 100% black approval effectively.  Functionally every black that votes is gonna vote for him.

Reaching out to the spook vote isn't gonna get him anywhere he ain't already.  Ditto with the unions and all the other libtarded groups that banded together with unprecedented turnout to get his sorry ass elected.

I think they stay home next time unless the GOP puts Paylin up there or someone who galvanizes opposition.  If it's a milquetoast GOPer, fuckit, stay home.  History was already made.

Sep 5, 2011 3:01 PM

imagine Apollo with diversity...or the Manhattan project

Sep 5, 2011 3:02 PM

yes...diversity and equality means that everything that exceeds the failed brown races' achievements must be destroyed and everyone should live like they do

Sep 5, 2011 3:05 PM

yeah lol...roads and bridges.

we're consuming 10% less oil than at peak, have gone back to where we were 14 years ago.  And.we're.going.lower.

So wtf do we need more roads and fuckin bridges for?  They're reconstructing the entire fuckin Capital Beltway...for what?  There WON'T be more traffic!

Freakin idiots, all of them.  But try going into a meeting and stating the truth.

Sep 5, 2011 9:12 PM

It's ALWAYS the end of the world if we peer behind the curtain and throw out the jew confetti.

GFD how would we live without their usury and compound interest rackets?  How would we live without THEM doing us this indispensable service of charging us interest to use our money?

Sep 6, 2010 1:12 PM

Ah...Reich...another fucking Yalie incrowd oligarch who is utterly fucking clueless.

They have institutionalized idiocy and systemic conformancy at these universities.  You go along with the dogma.  And these people think they're elites merely by repeating orthodoxy which is patent bullshit.

Interestingly on TARP, there were many who believed at the time that this was a necessary liquification of the PDs so that the Treasury could roll paper...it appears that this is exactly what occurred.

Sep 6, 2010 12:09 PM

nation of fake shit thieves...China

Sep 6, 2010 12:24 PM

Great stuff...

Like I keep sayin, the gov't will drive credit growth. Wait for when they try to MAKE you borrow.

Look, they don't need your income or your taxes, they need you to BORROW and stay on that hamster wheel

Sep 6, 2011 11:16 PM

because the GSEs are stuffed full of black people.  It was a diversity jobs program for blacks for decades now.  Half the workforce of these places is black.  Not minority, black.

Sep 6, 2011 11:17 PM

certain demographics have always been considered stereotypically lazy.  This is why they tend to be so poor

Sep 6, 2011 11:18 PM

um...precedent is only relevant for matters of law, not fact.

Sep 6, 2011 11:20 PM

Uh...Place Holder isn't touching GSEs because half their employees are "my people."

Sep 6, 2011 12:46 PM

we've always been at war with Eastasia

Sep 6, 2011 8:18 AM

yeah..is TD asleep?  I am seeing the CHF down eight freaking percent against the USD

Sep 6, 2011 8:19 AM

yeah...Kitco is showing the CHF off 8.5% now against the USD.  These types of moves in major currencies happen all the time, go back to sleep man

Sep 6, 2011 8:22 AM

CHF exposure in PIIGS must be incredibly deflationary right now for them to make a move this drastic..dayum

Sep 6, 2011 8:23 AM

yeah...a gigantic move, huge intervention.

PIIGS and E Euro debt fallout must be crushing them

Sep 6, 2011 8:24 AM

they ain't got a choice...too much deflation in CHF debt methinks

Sep 6, 2011 8:26 AM

yes, well then it is time to pay the piper for the outrageous size of their banking sector.  The Swiss have made hay for a century on banking alone...besides watches and chocolate, what else are they known for?

UBS and CS are balls-deep in loans all over crashifying Europe.  The default driven deflation in the CHF must be off the scale for them to resort to a move this drastic

Sep 6, 2011 8:27 AM

they don't have a choice.

Europe is seeing their LEH period here.  The question is how deep do they let it go before they start aping the Fed?  Is this the first wave, a la BSC that we're seeing here or is it the real meat of the crash?

Sep 6, 2011 8:33 AM

exports?  Lol...no, it's about their banking system which IS their major export.  The Swiss are hardly a manufacturer or mercantilist.  They're a lender, like Iceland was.

They flooded the EU with CHF denominated debt and now it is defaulting, driving the currency skyhigh in deflationary collapse.  And people thought it was safe harbor trade?  You call THIS a safe harbor?  ROTFL. 

When loans default or bust up, the amount of currency in circulation vaporizes and you have deflation.  That's what this is.  Compared to its economy, the amount of CHF debt out there is larger than any other banking system, by far.

Sep 7, 2010 11:08 AM

Well, Obama is a huge dud.  Remember all the hype in his campaign and election?  Has there ever been a bigger letdown than this?

Re-read the point #1...low capacity utilization.  There is no demand for further credit or capacity.  Therefore, the government must spend on things which will never generate a positive rate of return.

With this 800lb gorilla operating in the market, how can anyone expect rates to climb?  The government is willing to borrow at 1% to generate a return at -5% or worse.  Can't compete with that. 

The economists can't understand the dynamics of contraction - all they understand (superficially) is the system of growth.  In a contractionary climate, demand for credit is inamenable to stimulation.  Reality won't change on account of interest rates.

Sep 7, 2010 11:11 AM

we don't need maglevs.

Most metro areas have no rail service whatsoever.  Just having ANY train that worked would be a huge plus.  I'd settle for a 70mph light rail, something cheap and efficient and visible ALL throughout Europe.

We can save the mega rail TGV stuff for intercity trunks.  These trains can already exceed 200mph.  Bear this in mind:  Japan and Europe have had 300kph trains for 3 decades now.

Sep 7, 2010 11:56 AM

Monetize, bitchez

Sep 7, 2011 10:18 PM

Little has come out of the entire Obama presidency, why should we expect different now?

Sep 7, 2011 10:22 PM

yeah, when I forecasted this a few years ago over on peak-denier TF, it didn't go over well.  But it's the reality.  The overhead supply curve is like a roof that keeps coming down lower and lower, like in Indiana Jones.  And at every bit of breathing room due to crashes, it just cinches tighter and tighter.  There's no respite, nor will there be until/unless fusion power is developed.

The problem is that the powers have no fucking clue what needs to be done or how.  They continue in their echo chamber of belief that things must continue the way they have been.

Mark my words:  the nations will destroy the oil companies for "gouging" before they will admit that the 400 year paradigm is OVER, outmoded, and obsolete.  And, every step these idiots take will only make things worse.

We stand a real chance here of being past PSR in terms of the capital expenditure necessary to make a quantum leap, if such a thing is even possible.

Sep 7, 2011 10:26 AM

those things are $40 a pop, which can really begin to add up

Sep 7, 2011 10:26 PM

I personally am sick and fucking tired of 911.  We are coming up on 10 years and the orgy is restarting.  Fucking tribute fund or some kind of "learn how YOU can help the 911 families."  WTF?  They are all MILLIONAIRES; they got paid ASININE money by the Fedgov for being victims or survivors or wtfever they were, a bunch of useless crying bitches.  Anyone who could spell 911 is expecting to be heard and they wanted WTC shut down forever as a memorial to their stupid dead "loved ones."  Fuck off.  We killed 20x this many people in Hiroshima and they didn't turn the effing city into a goddamned shrine to LOSING.

America is a nation of losers who see virtue in being a victim.

Sep 7, 2011 10:32 AM

Look, there's a subset of the voting population right now who will vote for Obama no matter what. If they found pictures of him fondling a 10 year old boy, they would still vote for him. Those people are hopeless.

Just say "black people" ya rayciss

 

 

Sep 7, 2011 10:34 AM

nothing is going to get done before the election in '12.  The GOP has the House locked down enough to prevent much meaningful from passing.  The stops Bama can pull out are consequently limited.

Sep 7, 2011 10:37 AM

yeah, FX would have solved this shit long ago.  The euro is a pipe dream trying to get the southerners to behave like the northerners.  It ain't gonna happen.  Those greasy wops with their olive oil dago ways aren't gonna put the nose to the grindstone like the krauts.

And no their won't be any fuckin war if someone is kicked out of the Euro...wtf is Italy or Portugal or Greece gonna do about it?  Jack shit.

Sep 7, 2011 10:38 AM

debt ceiling?  Who's gonna buy the bonds?  The Fed may have enough reserves stuffed into the pipeline to buy this year's deficit but such a bill will push the YoY headline past $2T

Sep 7, 2011 10:44 AM

bob diabolina called short at 1904...give the man props

Sep 7, 2011 10:45 AM

but that future is not today, is it?

Sep 7, 2011 10:50 AM

uh...you just said "no QE3" dumbass...so who is gonna buy the bonds again?

Sep 7, 2011 7:18 PM

we don't make any fkin electrical appliances here dude, have you been afuckingsleep for 30 years?!?

Sep 7, 2011 7:21 PM

well we have the USPS, FNM, and FRE, and a bunch of other federal agencies trying to do exactly that

Sep 7, 2011 7:21 PM

if you watch a documentary on those you hear about how it was all just racist white people doing the work and that there was discrimination and segregation and all that shit

Sep 8, 2010 10:11 AM

Why would they do that when there are all those ripe retirement accounts and pension funds out there?

Also, I don't own any gold, but I do hear that there are these borders it can be carried across.

Sep 8, 2010 10:13 AM

bla bla bla

They can take your house, your chickens, and your fucking farm too.  Maybe they'll take your kids, and everyone will just lie down like a bitch and endure it.

Listen, if it comes to the gov trying to take things like this, leave the country.  Just get on a plane or something and exit stage left.  You have no business waiting around to see if they'll take your organs next.

Sep 8, 2010 5:51 PM

so how long before every city and state in the US is downgraded several notches but the "US" keeps AAA?

Sep 8, 2011 1:20 PM

yeah...I mean Dubai??  The nation that said fuck off to any nonconnected contract party?  The one with a ton of filthy arabs who won't hesitate to screw the shit out of you, and the one with the supermassive property bubble and zillions of sqft of empty CRE?

Sep 8, 2011 10:35 AM

polls of blacks seem to show immense optimism...the country is moving in the right direction and everything

Sep 8, 2011 10:37 AM

wtf, are you stupid?  Categorizing and generalizing is what we do as humans and it is a valuable survival adaptation.

Besides, what he said was true

Sep 8, 2011 10:41 AM

there's no growth future at the other side of this, consequently, such a program will be mostly useless

Sep 8, 2011 10:44 AM

four rich "white" guys...who?

Sep 8, 2011 10:47 AM

NOTHING is going to help...PERIOD.

Cuz you CAN'T print oil!  There is necessarily going to be LESS economic activity going forward.

JFC, people like me have been telling you exactly what was gonna happen after the world peaked...at what point are you going to accept the truth?

Sep 8, 2011 10:49 AM

the double cheeseburger was recently raised from $.99 to $1.25, idiot

Sep 8, 2011 10:52 PM

no, the canadian had it right

Sep 8, 2011 10:57 PM

i had a kid aks me that once when he tried to barge into our football game with the gibs me dat and I put the decision to the kids whether he could play or not

Sep 8, 2011 11:19 AM

so many jews with blue eyes...

Sep 8, 2011 2:52 PM

in coming "decades"????

He meant minutes, right?

Sep 8, 2011 2:53 PM

people who have the connections to get into those schools normally don't have any need for debt like the peons require

Sep 8, 2011 3:13 PM

looks stupid as fuck

Sep 8, 2011 3:14 PM

no, it will be WASPs who are the perpetrators of evil and the blacks will save the world and be supersmart, real, deep, calm, and introspective.

I mean, exactly like real life n'shit

Sep 8, 2011 3:36 PM

We all know you wish you were me

Sep 8, 2011 7:20 PM

WTF happened to all that debt ceiling shit?  What happened to deficit reduction?

Sep 8, 2011 7:21 PM

terrorism level on orange forever

Sep 9, 2010 10:09 AM

He was a liar.

The resistance was the enemy of man.  What did they promise other than starvation and the occasional freak dance mass mulatto orgy?

Sep 9, 2010 7:24 AM

CNBC is a relic of the 20+ year stock ponzi.  It won't be around after a few more of this.

It only exists to pump and go along with the prevailing sentiment, the ponzi bull sentiment.  I mean, the notion that you need to see every stock's price every minute of the trading day...

it's just casino advertising which is popular when all boats are being lifted.

Sep 9, 2010 7:58 AM

yes, pussies are a commodity that should be considered for stockpiling.

Sep 9, 2010 8:15 AM

no, we get hollow "representatives" because the nation itself is full of hollow people.

They worship and love only money.

Sep 9, 2011 11:58 AM

you are right on this one...Douchinger hates gold.  He refers to it as a paperweight without utility...which is kinda what I refer to his head as.

Douchinger made his money pushing paper in the .com boom.  He's a paper bug.  He wants "capital markets," meaning leverage, ponzis, all of it.

Sep 9, 2011 12:01 PM

whatever Douchinger.  You were wrong.  About almost everything.

Nobody listens to you nor cares what you say anymore.  You banned people over predictions they made which diverged from yours and those people's predictions came true (MINE, motherfucker).

Slink on back to your stupid TF echo chamber, bitch

Sep 9, 2011 12:02 PM

are you fucking stupid?  Cash is worth LESS now than it was 10 years ago.

It buys less shit that you need.  Buys LESS FUCKING BULLETS.

I mean that is what you say you need if "TSHTF," right Karl?  Bullets?  Your precious FRNs buy less of those than 5, 10, 20, 30 years ago.

You can't go broke holding gold either.  You can go broke following YOUR advice.

Sep 9, 2011 12:05 PM

eventually, when sovereigns go TU and things like the CHF peg overnight fucks people out of 10% of their "cash", they will begin looking around for something that will hold value.  In venezuela, people stockpiled appliances even.

Sep 9, 2011 12:07 PM

yeah, total "NO SHIT RLY?"

Sep 9, 2011 8:19 AM

Red, bitchez

Sep 9, 2011 8:22 AM

there's always chatter about margin calls...Au is still well above $1800.  What's the issue?