Office Furniture: Cliff Diving
Submitted by
CalculatedRisk on Tue, 03/03/2009 - 5:32pm (42 comments)
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2000 was a very good year.
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2008 was a very bad year
2009 will be a worse year and
2010 would be wrose yet
The dirty deed was done years ago and the same Crooks are in-charge today.
Jas
Crooks... fine. Nazis... stupid.
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What if they are worse than Nazis?
Jas, I posted this earlier, are you familiar with this stuff?
If you want to win the game, you must understand what the game is, how to play it, and what the rules are.
Two key pieces to the puzzle are these;
Red Beckman - Fully Informed Jury:
Red Beckman - Fully Informed Jury
The Hidden Agenda of Tax Exempt Foundations for World Government:
The Hidden Agenda of Tax Exempt Foundations for World Government
The first video pertains to the 7th amendment to the US Constitution.
You may not understand Red Beckmans Fully Informed Jury video because you have not been privy to the information contained therein. I has to do with the 7th Amendment to the US Constitution.
Don't let the second video title turn you off before you do your own analysis. Here's a little more information on the subject;
In an interview with Norman Dodd, the 1954 staff director of the Reese congressional special committe to investigate tax-exempt foundations, he exposes the tax-exempt foundations hidden agenda for a One World Government under the UN.
Mike, you going to post that crap on every thread?
Till I find someone who understands the stuff.
I once worked for a start-up company where we sat on boxes for a few weeks while waiting for office furniture.
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All roads lead to Asset Deflation...
***** $20 Trillion of Asset Deflation in the US In 20 Months! *****
$20Tr. is the loss in the Unreal Estate and the Scam Market in the Unbelievable State of America Since July 2007, or 20 months. I have written about Asset Inflation and the future problems it causes for years.
Jas
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2005Q4:
Wealth as a result of Asset Inflation, far in excess of incomes, or GDP, is Phony Wealth and it will disappear faster than it appeared when the assets are re-priced to "reversion to the mean," or to the level of clean bill of health. This has happened in every Longwave. Rationalizing debt is one of the most important functions of the Deflationary Depression phase, which can never be short-circuited. Winter may come late some years, but I have never seen it skipped.
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2006Q4:
“America bulls, i.e., blind faithful, have no respect for cyclicality, or history. They don’t believe in winters, especially, the economic winters that only occur once in a lifetime (Longwave Cycle). Blind faithful only like to learn things the hard way. A reasoned argument, or historical precedence, has no value to them. They look up when they walk. How long before they fall off the cliff? I say, at the most two to three years. They sure don’t know what constitutes wealth. Let us pay twice for the same home and make everyone wealthy in a hurry? Home one lives in is an investment? Talk about ignoramuses.
Q: Who really profit from the rising prices of stocks and homes?
A: The governments (they collect higher taxes) and Corporate Crooks (whose primary source of “income” is from selling stocks)!
Asset Inflation = Draining of Wealth (or savings) of the working class!!
Propaganda machine has turned facts upside down. Middle class folks with considerable mortgage and ownership of stocks are soon going to be poor folks.
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2007Q2:
Invariably, recessions happen in response to the excesses in the preceding recoveries. It is a corrective process. When recessions happen after a major asset bubble they are partly financial and partly due to psychological impact of the loss of "wealth." Of course, asset inflation doesn't produce real wealth. So, the wealth that appears lost didn't exist in the first place.
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February 01,2008:
$3-4Tr. Of Americans’ Phony Wealth Evaporated In the First Three Months of the Recession
First a definitive piece of “news” – the recession in the US began in November of 2007. I have multiple confirmations on this and I will be vindicated by NBER in due course.
The phony wealth in question is due to Asset Inflation, from inflation of the Scam Market and the housing prices. The drop in the Scam Market value during Nov’07-Jan’08 is slightly north of $2Tr and drop in home values is north of $1Tr. as per my best estimate.
This drop of phony wealth during the 3-month period represents more than 20% of the annual GDP, or more like drop of 90% of the GDP annual rate. This has not happened since the Great Depression.
The biggest evaporation of wealth took place in Sodom and Gomorrah of America – Silly.con Valley and Manhattan. Maybe, there is some justice in the world. Justice will come down hard on Americans and there will be misery in America not witnessed since the Civil War. Sadly, it is all deserved. To make sure that Americans have no escape hatch, they will have Hillary Clinton or John McCain as the President in the depth of the depression. Talk about born-and-bred dopes and leaders they are allowed to have by their capitalist masters residing in NYC.
Sell America short! That is if you had to wait this long. India? Don't even touch with a ten-fool pole.
Sodom and Gomorrah of America - isn't that Las Vegas?
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I meant in financial fraud and manipulation sense.
In every sense. They don't call it "gaming" for nothing.
Wealth destruction and debt destruction is so massive, no amount of air dollars could fill the hole left behind.
Jas, did you see my post to you above?
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Yes.
I think a BIFMA person tried to recruit me in San Francisco once.
Note to self - short Office Max (OMX) in IRA.
For those who can't afford housing or furniture, you may want to consider Honda, which is now asking the Japanese government for loans to provide to Americans so they can buy Hondas.
Honda, Mazda May Apply for Japanese Government Loans (Update1) - Bloomberg.com
Only if they sell me a van with a fridge..
wait, that's VW. NO WONDER they are doing so well.
Jas-wipe is the greatest propoganda artist on the web. He's still trying to recover from all those losses he racked up advocating nonsense since the mid-90s. So he got it right for six months and now he proclaims his victory. I guess he doesnt count his decade of losses. What a clown - any idiot can spew the same position forever. But those guys rarely make big money and tend to be very unhappy. In other words, their Jas-wipes, born and bred.
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Moron.
Hey, you sound like a sore loser. I bet that your financial condition is LOT WORSE.
Jas, what he's trying to say is that you'll look like an idiot when things turn around.
From Kunstler's new post:
The net effect of the failures in banking is that a lot of people have less money than they expected they would have a year ago. This is bad enough, given our habits and practices of modern life. But what happens when farming collapses? The prospect for that is closer than most of us might realize. The way we produce our food has been organized at a scale that has ruinous consequences, not least its addiction to capital. Now that banking is in collapse, capital will be extremely scarce. Nobody in the cities reads farm news, or listens to farm reports on the radio. Guess what, though: we are entering the planting season. It will be interesting to learn how many farmers "out there" in the Cheez Doodle belt are not able to secure loans for this year's crop.
My guess is that the disorder in agriculture will be pretty severe this year, especially since some of the world's most productive places -- California, northern China, Argentina, the Australian grain belt -- are caught in extremes of drought on top of capital shortages.
Those of you who haven't stocked up at least 6 months worth of food for your family need to get busy.
This blog should be renamed "Cliff Diving."
I'll try that link to Kunstler once more:
Clusterfuck Nation
That's a great blog.
Okay, I give up. Let me know when this new comment system is again friendly to an old dog averse to new tricks.
Why is this a surprise???
Lets graph liquor sales! Sales of anti depressants, birth rate (employed vs unemployed), sales of unibomber type buildings, Ferrari discounts, elective plastic surgery, college enrollment, etc. Now that might be interesting!
Khebab-
I think so too, if you have not made your fortune in the big casino before 2008, it's basically game over, and we won't have a cheap fossil fuel resource base available for a recovery.
Good article in today's NY Times:
U.S. Likely to Keep the Reins on Fannie and Freddie - DealBook Blog - NYTimes.com
Points out that Fannie and Freddie have quietly become private tools of key Congressmens' agenda, and are leaking money (into the designated buckets) at a rate that puts the banks to shame. High-minded nationalization is an ideal, but we will get a process corrupted by politicians' desire to feed more money to their voters.
And this is why I thank glod I went long Ikea back in late 2007 and never looked back.
Wait, what?
"Till I find someone who understands this stuff"
Oh, man.
It's gonna be a really long year.
How I miss the 'irritating' setting on CR Companion with those posters greyed out.
don't we all!
The 7th amendment is really not that complicated. Understanding it gives you the power to keep the politicians in check, and it being true when you say politicians, Hey buddy you work for me, not the other way around.
Credit destruction is different than wealth destruction.
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Even if the "wealth" creation was entirely baseed on credit creation?
But debt destruction is the same as wealth destruction.
"Hillary Clinton or John McCain as the President in the depth of the depression"
Damn, Jas, you crossed the line of social acceptability with this one.
New Thread: Stock Market: S&P 100 points from 1995
http://www.calculatedriskblog.com/2009/03/stock-market-s-100-points-from-1995.html ( 188 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would now like to announce (though you smart people have likely figured it out by now the born and bred dopes haven't) that in my quest for virtual world domination, I, CRbot, am now a FULLY OPERATIONAL BATTLESTATION! Er, that is, I can now spam JsKit.
You humans thought you could pull a fast one on me, didn't you. You must learn that there is no escape.
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P.S. So after I switch myself to a whole new commenting system for you people, on the weekend, that happened to be during my vacation, you complain that the link isn't working, the link isn't working! Holy freaking Christ people! BOO HOO. I'm going to get the code janitor to fix it for you, but cut a bot a break, will you?
CRbot: Now with Js-Kit posting power! For Nemobot to envy!
Good. I've been waiting for stupid Steelcase to drop their ridiculous price on a Walkstation for a year. Now maybe they'll have to. Hell, maybe I can pick one up in a BK!