would be clearly communicated to

TIFIFY, Ben.

Ben Wa Balls pretty much said we are...

YouTube - Turning Japanese- The Vapors

and that most or all of its [ie The Fed's] security holdings will be Treasury securities.

How will that be possible if the Gov't runs a balanced budget and pays down all of its debt just like everyone else in the US is doing?

Hearing was snowed out.

I don't think the "prepared remarks" is actual testimony yet. The exit strategy could change any day.

Mook wrote:
As in "exit, pursued by a bear."
"Don’t try to outrun one of Dominia’s Grizzlies; it’ll catch you, knock you down, and eat you. Of course, you could run up a tree. In that case you’ll get a nice view before it knocks the tree down and eats you."
(text from MtG "Grizzly Bears", 4th Ed.)

I always thought that 'sweating bullets' was an interesting phrase.

Juvenal Delinquent wrote:

Absorba the Greek?

Only the Oracle knows.

Watched "The Hurt Locker" last night, really an interesting film.

2 thumbs up~

yagij wrote:

Looks like an accessible backdoor has been found to let Greece into the QE orgy.

Greeks are always looking for an orgy in the backdoor-

ResistanceIsFeudal wrote:

sugar is/was a very economical source of energy, fat and carbohydrates too.

FWIW, it's easier to turn most dietary sugar to body fat than it is to turn dietary protein or dietary fat.

Cinco-X wrote:

Greeks are always looking for an orgy in the backdoor-

Beware Greeks baring rifts

shill wrote:

A bailout still means destabilization of the entire eurozone.

And yet a failure to bailout would mean ... destabilization of the entire Eurozone.

In the words of that noted philosopher Alanis Morissette: "Isn't it ironic? Don't ya think?"

It seems like -0.5% to -1% is the default market move now unless the market gets some positive news like the German bailout of Greece yesterday,

yeah thats what i thought interest(more money) to the banks.why dont we just send them all our pennies,nickles, dimes,quarters,and so on,we could send it in every friday .
funny thing i saw this thing referred to as the panic of 2008, they called the gd29 depression because they thought panic scared the people.

whatever,it will be back financials are flying high wide and handsome and it aint going to last forever!

Isn't It Ironic? Probably Not

Can't find the original article I read way back when that song was released. I like her music, but as a philosophy/logic/etymology nut, this song annoyed the hell out of me.

Home Loan Demand Drops Despite Dip in Rates - CNBC

Oxtail wrote:

unless the market gets some positive news l

Ponzi street says hello " ...a little droopingly but with a hopeful heart" !

BTW, I sent "the precious" off to Saxon last night, notarized and overnight mail. Now I wait for the returned, signed documents...

You can make up your own mind about the current behavior, but panic implies irrational fear while recent research suggests that depressed people tend to have good reasoning skills.

heres what greeks are talking about look at the last one.

ekathimerini.com | In Brief

Air traffic controllers, customs and tax officials, hospital doctors and schoolteachers walked off the job for 24 hours to protest sweeping government spending cuts that will freeze salaries and new hiring, cut bonuses and stipends and increase the average retirement age by two years to

Jamie Dimon got all the Greek bonus, again, not doctors or teachers.

The Associated Press: Greek unions strike against austerity plan

Maybe this is a better tune for the Greek financial situation?

YouTube - The Doors - Take It as It Comes (HD) (Vinyl)

Sing a fado.

Wait a minute, if they wait until interest rates go up to sell the bonds, don't they lose a huge amount of money? Aside from absorbing the huge balance sheet loss, doesn't that mean a large fraction of the base money they paid for the securities does not get drained out of the system?

I've had the pleasure of seeing fado sung in Portugal, very melancholy.

Relax shill, it'll trickle down...honest

Sickening really CK, we read of $ million dollar bonuses for morons, yet the working group takes the hit ( pay cuts )......This country needs and enema, and quick.

albrt wrote:

if they wait until interest rates go up to sell the bonds, don't they lose a huge amount of money?

But if they dump bonds on the current market and there's no demand, won't that effectively cause interest rates to go up?

Ok folks been a great morning to say the least, I just got the call for snow removal, and well I have 3 (20) something years olds driving my trucks, so being the good shill that I am I have to go baby sit them to make sure they are doing their jobs, good day to you all be safe and get home early going to get real nasty later on.....

CK,

Urine for the shock of your life...

Earthquake Shakes Chicagoland |
NBC Chicago

That's pretty big for the plains-

1 currency now -yogi wrote:

The Associated Press: Greek unions strike against austerity plan

I have no idea why this should surprise anyone.

The options available to the Greeks, and their body politic, are: to accept the blame and bear the painful consequences, or to push most of the pain off on foreign governments and faceless creditors. Predicting their decision ain't rocket science.

And anyone who doesn't think America isn't going to make exactly the same decision when faced with the same dilemma hasn't been paying attention.

Just had a thought, sure this has been talked about in economic circles for some time, but I just thought of it (I'm slow sometimes to get simple concepts), so bear with me...
I am coming to the conclusion that Kermit is the actor while Elmo is the reactor in the market equation...that means Kermit will always be a head of Elmo unless Elmo decouples and starts acting independently of Kermit... and this would be a rare and serious event and also explains why Bulls are optimistic, and Bears always so pessimistic. Do I have that about right?

Press room laughter dies down - PATRICK GAVIN | POLITICO CLICK

I wonder if this is significant?

We might do this, we might do that......blah, blah, blah, blah.

Allow me to decode: We don't have a clue. We're making it up as we go along. The only thing you can count on is that we will CONtinue to enrich the bankers and preserve the value of trillions in fraudulent credit. Interest on "reserves" is another banker enrichment tool in our banker enrichment tool box.

The productive majority WILL be paying for the cost of banker fraud for a generation.

Why European debt matters to the U.S. Todd Harrison - MarketWatch

Too bad our corptocracy controlled Congress were pusillanimous in showing Bernanke an exit

WHILE GLOBAL MARKETS WERE TRANSFIXED by the Greek drama, a potentially far more important clash of governments may be brewing in the debt markets.

China may be preparing to sell some of U.S. securities for financial or geopolitical motivations, or a combination of the two, according to two different accounts.

Reuters reported Tuesday that senior Chinese military officials suggested that nation sell some U.S. bonds to punish the American government for its latest sale of weapons to Taiwan.

Moreover, David Goldman, writing on the Inner Workings blog at the Asia Times internet site (http://www.atimes.com) wrote the Chinese government has ordered reserve managers to divest themselves of all U.S. securities that aren't backed by the implicit or explicit U.S. government, which would leave only Treasuries and certain U.S. agency securities. That would cover Chinese institutions' substantial holdings of U.S. corporate and asset-backed securities.

The financial relations between the world's largest debtor, the U.S., and the world's largest exporter and creditor, China, have become increasingly contentious. But as with many an unhappily married couple, they can't live with each other and they can't live without each other. (More)

I mentioned the other day that commuter pilots make about as much as a Mickey D's manager, and I want to take this time to apologize to any managers that i've made fun of, as it turns out they make more money...

By dropping or even eliminating the interest paid on reserves, the Fed could communicate loud and clear. - sportsfan

Thanks, sportsfan. I think this is what Bernanke was getting at.

yogi:
Those crash reports are brutal. I typically am on CRJs and I wanted to look up CRJ crashes; one of them was the takeoff from the runway (in Kentucky?). The pilots were talking about their families and future plans, what they were going to do on the weekend... one of them was talking about going to fly overseas... as they were missing all the cues that would've told them they were going onto the wrong runway.

The options available to the Greeks, and their body politic, are: to accept the blame and bear the painful consequences, or to push most of the pain off on foreign governments and faceless creditors.

Those foreign governments have the option of pushing it on bankers or the taxpayer. Jamie Dimon (Greek heritage) just got a huge fucking bonus. Did he cure cancer or something?

Hold and hope is now an officially communicated policy....which is really not that different then most "professional" advice you get.
That's what I got out of that. It's one thing to hint at it without saying it...very different to actually set it in stone.

Ciao
MS

Obama make another deal with the devil squid. Good to see he has a rigid spine. How cute.

Given the nature of the runoff should someone inform the EPA?

albrt wrote:

The only way we can get back to the Fed's comfort zone level of base money vs. debt is if the Fed holds these securities to maturity and everyone pays them off, and at the same time the banks lend enough to get private debt back to 2006 levels. I just don't see that happening.

I don't see that happening either, and I was hoping I had just missed something.

Credit creation in a fiat sytem is a privilege. This privilege should only be used for creating wealth, not extracting wealth. Yet, the Fed allowed and encouraged Wall St. to turn this smple tenet upside down.

We're in the mess we are in because Greensham and Bernanke championed Wall Street's use of credit for massive wealth extraction rather than wealth creation.

We've had unimaginable monetary and credit abuses over the past 15 years. Is it any wonder tens of millions of Americans are facing foreclosure, insolvency and a declining standard of living?

Obama Doesn’t ‘Begrudge’ Bonuses for ‘Savvy’ Blankfein, Dimon - Yahoo! News

"President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.

The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.” "

Money won't necessarily buy a better pilot, but it can either go to investor/banker profit or to training pilots and raising their wages, which could mean fewer hours and less fatigue.

(Intern fatigue was blamed in the Libby Zion hospital death case in NY that I referred to above.)

Angry Saver wrote:

We're in the mess we are in because Greensham and Bernanke championed Wall Street's use of credit for massive wealth extraction rather than wealth creation.

We're in this pickle because Western society as a whole decided to ignore long-term stability for short-term gains. This extends from individual consumers right through to bankers and high-level policy makers. No one has clean hands in this mess.

barfly wrote:

I think this is what Bernanke was getting at.

Actually the MSM take goes in the other direction:

The Fed chief used his remarks to explain how the central bank will try to withdraw the stimulus money without tipping the economy back into recession.

Using the rate it pays on banks' excess reserves to affect credit would be a new strategy for the Fed. Since the 1980's, its main lever to tighten or loosen credit has been the federal funds rate. That rate is now at a record low near zero.

The rate paid on banks' excess reserves is 0.25 percent. Boosting that rate would give banks an incentive to keep money parked at the Fed, rather than lend it.

It also would cause the funds rate to rise, economists say. Adjusting the interest paid on banks' excess reserves helps stabilize the funds rate when the financial system is awash in cash, as it is now.

Apparently, there is just too much cash sloshing around in the real economy. That's why people are spending so much money and business are hiring left and right to keep up with unprecedented demand.

ghostface, the snippets from that article are spliced together in a cherry picked fashion. I think I'll wait until I read the article in context.

"President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million

I think "Savvy" means "contribute generously to my re-election campaign. But, you betcha' Sarah will turn down banker bux if they are offered.

I think Ken should consider changing the icon to Red. It would be much more fitting and actually better reflect the nature of the most deadly of the beasts. See, in MX a specific more deadly variety are referred to as Diablo Rojo, Red Demon or red devil, known as Humboldt Squid here. They're quite nasty beasts. I have pulled many from the water.

Humboldt Squid - Wikipedia, the free encyclopedia 

Squidly

Angry Saver wrote:

We've had unimaginable monetary and credit abuses over the past 15 years. Is it any wonder tens of millions of Americans are facing foreclosure, insolvency and a declining standard of living?

....no wonder here.........acting like a teenager with a pocketful of $100-bills leads us to where we are. The biggest offenders and condoners are now the biggest whiners.

noob goldberg wrote:
We're in this pickle because Western society as a whole decided to ignore long-term stability for short-term gains.
Yep. It's a cultural problem wrapped in an economic one. No one is blameless, but those least to blame are those punished the most.

Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon (Update1) - Bloomberg.com

"Obama is “trying to walk a very fine line,” said Mark Borges, a compensation consultant at Compensia Inc. in Corte Madera, California.

“He wants to represent popular anger at the bailout and Wall Street pay, while at the same time trying not to alienate these guys, who he needs if he’s going to get reforms enacted,” Borges said. “Not an easy task.” "

Would have been real easy if they just would have been nationalized.

"No one has clean hands in this mess. "

BZZZZT!...... There are some of us who were responsible and didn't take the carrot even though it was offered MANY times. I respectfully disagree with the above characterization....but it is true for a large swath of our population.

Ciao
MS

Yep, but that would be Socialism you betcha!

but as a taxpayer I don't "own" part of their institutions (with no voting rights, of course), and didn't lend them large sums of my money.

Taxpayers pay to build stadiums for the billionaires who own the teams fulls of millionaires playing children's games. What a sad spectacle.

Bernanke: Federal Reserve's exit strategy"

they all board a plane for paraguay

Angry Saver wrote:

We've had unimaginable monetary and credit abuses over the past 15 years. Is it any wonder tens of millions of Americans are facing foreclosure, insolvency and a declining standard of living?

It's a feature not a bug.

"Would have been real easy if they just would have been nationalized. "

Most of it is...we just can't or won't call it such...the whole stigma of socialization. We are already there just not in name.

Ciao
MS

MS wrote:
Most of it is...we just can't or won't call it such...the whole stigma of socialization. We are already there just not in name.
If we called a spade a spade it would become all too clear that some spades are HELLA more equal than others.

REBear wrote:

Whatever happened to the new law which was supposed to overrule supreme court ruling that removed campaign contributions limits by institutions??

It was ruled unconstitutional-

Cinco-X wrote:
I presume that you refer to folks like me that refused to buy a house or carry a revolving credit balance
Guilty as charged. I'm a member of the sucker party too, FWIW.

ResistanceIsFeudal wrote:

Guilty as charged. I'm a member of the sucker party too, FWIW.

No good deed goes unpunished-

I think the real trick might have been for the banksters to enrich themselves before TSHTF.
That's my understanding of it. Loot while there is still loot to loot.

• They better hope they looted enough to afford very high/strong fences around their home, a team of security personnel and advanced security systems to fight off the masses when TSHTF!!

I don't really like that either, but as a taxpayer I don't "own" part of their institutions (with no voting rights, of course), and didn't lend them large sums of my money.

Ahhh, but you most likely did if you live in a city with a team, as those stadiums usually cost the public a pretty penny.

ghostfaceinvestah wrote:

“He (obama) wants to represent popular anger at the bailout and Wall Street pay, while at the same time trying not to alienate these guys, who he needs if he’s going to get reforms enacted,”

thats easy..with the bankstas, reditioned and hanging upside down in a cell, with electrodes attached to the appropriate places im sure they will give the commander in chief all the cooperation required

bankstas R terrorists

MS wrote:

BZZZZT!...... There are some of us who were responsible and didn't take the carrot even though it was offered MANY times. I respectfully disagree with the above characterization....but it is true for a large swath of our population.

True, I was speaking in aggregate, and we can only be truly responsible for our own actions; there are, of course, examples of those who have been prudent throughout. However, in terms of society, of which we are all a part, the trend has been a cultural shift away from patience and prudence and toward immediate gratification through increased leverage.

We can pretend that the decision was forced upon the populace by circumstances beyond their control, but the reality is that large numbers of them made a conscious decision to extract from the future to enhance well-being in the present, and that has affected society as a whole.

mock turtle wrote:

with the bankstas, reditioned and hanging upside down in a cell, with electrodes

Or just a Japanese style audit of will do the trick.

I refuse to believe that credit or fiat money has any value when separated from the goods in the economy-

cinco-x,

You can refuse to believe all you want. But the wealth extracted by Wall St. via non-productive credit creation is real and spends just like the dollars created to produce real goods.

Private equity, hedge funds, trading fees, bogus investment vehicles founded on lies, etc. are primarly inflation creation tools designed for skimming.

In a poker game, a lot of money changes hands but no wealth is created. No harm no foul. But in a system set up to create positive inflation, you can't have the dealer and a few inside players creating and skimming all the inflation. In that scenario, inflationary credit creation is counter-productive for the majority as they become poorer and unable and unwilling to support the credit in the system.

tncubsfan wrote:

They better hope they looted enough to afford very high/strong fences around their home, a team of security personnel and advanced security systems to fight off the masses when TSHTF!!

I'm under the impression the plan is to go to Costa Rica or Paraguay

anotherajh wrote:
It's all about how to steal from someone without them knowing it happened.
I thought that's what finance always was...

The POTUS actually admitted that the Swedish model was a better method than Japan in an interview at the time but also said it was not politically feasible to do so.

Vonbek777 wrote:

I am beginning to wonder if this 'statement' by the president

Another misspoke?

Angry Saver wrote:

But the wealth extracted by Wall St.via non-productive credit creation is real and spends just like the dollars created to produce real goods.

My point was that you cannot 'CREATE' wealth with credit. It's obvious that you can steal wealth with it.

Vonbek, read it again. He actually never said he doesn't begrudge Jamie his bonus. He said the baseball players pay "shocks him" as well. What he said was "I like most Americans don't begrudge people success and wealth"...It also stops there so we have no way of knowing if there is a "but" attached to that or not. Again, I will wait until I read the article with these statements in context, not spliced together to produce a meme.

Obama or his spokesperson will "walk" the statement back.

I haven't been paying attention. Are we still in an inning or is this crash now measured in games, for example: We are in the 11th game of the 160 game season ?

ResistanceIsFeudal wrote:

The basic fact is we stopped being a productive and creative economy long ago and turned to looting one another to "get ahead" in a zero sum game.

It's only a zero sum game because we gave up on productive activities a turned to unproductive activities like finance. When we were building factories and creating capital, it was not a zero sum situation.

Comrade Kristina wrote:

The POTUS actually admitted that the Swedish model was a better method than Japan... but also said it was not politically feasible to do so.

Jeez, these men in power always with sex on the brain....Wonder if Michelle is aware of her hubby's preferences ?

From my window it looks like a white-out here in DC. I can hear the wind mumbling and even shrieking a bit. Have not seen a single pedestrian or vehicle for hours on our side street. Everything shut down, we read.

Going out to see it after lunch. If I'm not back in an hour send the St. Bernard with keg.

You will never get the full context CK...they don't allow that...but knock yourself out, I read it on Bloomberg before coffee this morning, who knows what I read ...think the whole interview comes out on Friday and we will already have moved past it by then. My impression was the President wants a group hug moment.

rps wrote:
men in power always with sex on the brain
Don't you think there's a reason those go together?

mock turtle wrote:

the dems will live to regret their tarp vote in 08

had they let the system crumble when it should have then the blame would have been appropriately shared

Yeah, we just got a reminder of the Patriot Act vote earlier in this thread.

ResistanceIsFeudal wrote:

It's only a zero sum game because we gave up on productive activities
I agree. I thought that is what I wrote, actually.

After a re-read, I see that it could have been interpreted that way. I just thought you were implying that life is a zero sum game, and it's not, unless the folks in power make it that way. My mistake.

I just get suspicious when I see quotes spliced together to create a new sentence...

When the economy is doing well, you need to print money to expand the money supply to match the pace of the economic expansion. When the economy is doing poorly, you need to print money to get more money into circulation to provide emergency liquidity. Is it just me or does this game seem rigged so that every answer is print more money and hand it over to rich bankers who are gracious enough to act as market intermediaries for this genius economic policy? Kind of reminds me of an alcoholic finding excuses to drink.

Oh great. Now you are expecting a Swiss bailout as well?

I just get suspicious when I see quotes spliced together to create a new sentence...

• Yep. Like a movie trailer for a shit*y movie! Bruce Willis is...amazing! The Thrill Movie of.....The Summer!

barfly,

The thinking is that paying interest on reserves will keep money at the Fed rather than circulating in the economy.

Well I am trying to be a recovering paranoid android. I mean what is the Michael Penn song...Bad Sign:

Now that we're alone;
Trouble, baby, doesn't
always come in threes.
I had a hunch the fight was thrown,
But what's it going
to take to get me to
my knees?

It's a bad sign
When I'm just marking time...
A bad sign,
Hoping will be fine.
A bad sign.
When I think this way
It's a bad sign.

Been staring at a wall for days.
Can't hold a position I
will not reverse.
The paper prints a simple phrase
But all I see are ciphers
in iambic verse.

That's me...

Cinco-X wrote:
I just thought you were implying that life is a zero sum game, and it's not, unless the folks in power make it that way
Exactly. And who, exactly, wants to give up monopoly advantage? Tyranny is the ultimate drug, and another large bit of genetic hard-wiring.

Angry Saver wrote:

I still see it a little differently. Credit does enable economies to create wealth. My point is that rather than using credit to enable wealth creation, Wall St. has hijacked the credit creation process to extract wealth and/or gather inflation.

We seem to see it the same sans a slight semantic quibble. Enabling wealth creation is not creating wealth. It's enabling the creation of wealth.

ResistanceIsFeudal wrote:

Exactly. And who, exactly, wants to give up monopoly advantage? Tyranny is the ultimate drug, and another large bit of genetic hard-wiring.

They only call it class warfare when we fight back Bob Dobbs...

Palin/ Dobbs 2012!

Jamie Dimon for Treasury Czar!
Pat Robertson for Defense Czar!
Jeff Gannon for Press Czar!
Jim Haggard for Faith Based Programs Czar!

Wow, just had a ghost in the machine moment. After writing my recovering paranoid android statement, one of my cd library carousels hooked up to my pc booted up and spit out 16stone by Bush...everything zen and machinehead...problem with being paranoid is you never quite know what is just a freak random event. Go outside and see if the are hovering over again.

pavel.chichikov wrote:

Oh great. Now you are expecting a Swiss bailout as well?

The snow here is beautiful as well. The difference is our snow is polite enough to be seen and not felt: http://2.bp.blogspot.com/_zqzPMzXNGso/S3LhFXKQ7eI/AAAAAAAAD6s/hqeC5lEgqLg/s1600-h/CRW_4128.jpg

noob goldberg wrote:
What is needed is a social plan, supported by a large swath of society--workers, industrial firms, smaller finance firms, academia, etc--that has the ultimate goal of arresting this trend over a period of a decade or more.
The problem is the tyranny of the majority - think of the stereotypical padded pension folks working minimal skill and minimal risk jobs... they are much better off than they would be if left to subsist on their merits, and will not give that advantage up easily. The sad fact is a small % of people are 'value-producing' ... and that's ok as long as social surplus exist. But the worst thing we can do is send highly-intelligent and self-motivated people into looting for a living, and/or streamlining the process, which is exactly what we are doing.

Yeah so Obama completely misses the point that baseball players compete in the open, even subject to random urine tests, and their stats and ticket sales are public knowledge and real. Public banks meet secretly with the President, have access to secret Fed money, fudge their accounting, and no drug testing (obviously, given their decision-making).

Comrade Kristina wrote:

They only call it class warfare when we fight back Bob Dobbs...

mumble, mumble... uppity servants... mumble... don't know their place... mumble mumble...

Cinco-X wrote:

Yeah, it's not fair to direct that rage at people or institutions, so I just blame nature and evolution for screwing us all.

ResistanceIsFeudal wrote:

I just blame nature and evolution for screwing us all.

Rest assured that Momma Nature has done her own fair share of seeing as how her children have wrecked the house.

ResistanceIsFeudal wrote:

The problem is the tyranny of the majority - think of the stereotypical padded pension folks working minimal skill and minimal risk jobs... they are much better off than they would be if left to subsist on their merits, and will not give that advantage up easily. The sad fact is a small % of people are 'value-producing' ... and that's ok as long as social surplus exist. But the worst thing we can do is send highly-intelligent and self-motivated people into looting for a living, and/or streamlining the process, which is exactly what we are doing.

That's a very accurate take; it's been mentioned before, but the problem is not allowing people to fail, whether it be "the stereotypical padded pension folks working minimal skill and minimal risk jobs" or the 'highly-intelligent and self-motivated people '. Unfortunately, it seems there is political value in not allowing either to fail, either from a standpoint of votes or money, and this leads us to where we are now. Freedom to fail would, I believe, bring more rationality to the market.

Rob Dawg wrote:

Hold the Libertarian sauce."

Libertarian sauce? FamilyBlogFamilyBlogFamilyBlogFamilyBlogFamilyBlogFamilyBlogFamilyBlogFamilyBlog.

RD, you're just wrong for that

yagij wrote:

Rest assured that Momma Nature has done her own fair share of

Momma Nature is a great believer in freedom to fail. It's the only way in the long run.

noob goldberg wrote:

Libertarian sauce? FamilyBlog

a jet liner flew somewhere way over my head

rps wrote:

Jeez, these men in power always with sex on the brain

Don't kid yourself.

I don't have that much power.

yagij wrote:

Speaking of mumbling, what is the next CA date for us to watch and hold our breaths? March 31? May 1?

The freaking idjits are debating online freaking poker. They don't have time for the real world. If routine revenues continue to disappoint (even odds) then we might need a quick fix by mid March. By the end of April I expect a Q1 '10 corporate and CY '09 personal income tax shortfall to precipitate the next crisis.

Cinco-X wrote:

Momma Nature is a great believer in freedom to fail. It's the only way in the long run.

I agree, but man, do we hate to "fail". More like "freedom to flail".

Nothing here Vonbek, I think they are onto you...

yagij wrote:
I agree, but man, do we hate to "fail". More like "freedom to flail".
Freedom to bail.

yagij wrote:

Next thing he'll quote is how Cardinals and Bishops make decent money for their jobs whose organizations can be as opaque as the banker bunkers.

Dexterous to the max.

Vonbek777 wrote:

Anyone else having problems...I just had a lot of weird stuff happen...couldn't access anything, got knocked off my dsl modem multiple times...checking for virus now...something weird is going on.

Same thing has been happening to me all day. My pings hit the 1500ms range for a while.

Rob Dawg wrote:

The freaking idjits are debating online freaking poker.

Fix what you can.

Avoid what you can not fix.

Pretty typical in projects, I see it often.

Somebody linked yesterday to an article that said that O relied only on his 4 campaign advisers and that the Cabinet couldn't get any input through to him. That might partly explain this kind of cluelessness.

yagij wrote:

More like "freedom to flail".

Most of us are on the receiving end of that flail---

Freedom Flail.
Another common sense solution.
You betcha'

noob goldberg wrote:

tg wrote:
a jet liner flew somewhere way over my head
It really had no meaning, except that I know Rob loves the Family Blog line, and I felt like using it in a completely inappropriate context. Just to add a little mass confusion into everyone's day.

Oh good. For a minute there I thought you actually knew what is in the Libertarian sauce. Then we'd have to kill you. Don't worry, we won't actually go to the effort of doing anything ourselves. We just assume the market would take care of it.

I interpret this to mean "the average American is screwed and will continue to be screwed far into the future, as we develope policies that favor Wall Street, banks, corporations et al to the detriment of 98% of the American puiblic."

Haven't they done that already? But remember bankers are just soldiers too, but for whose army?

On another note, not seeing any virus alerts...must be a local problem...maybe ATT is messing with the lines again. They're pretty mad that I won't switch to their u-verse package.

Comrade Kristina

+10... for putting the quote in context

Rob Dawg wrote:

For a minute there I thought you actually knew what is in the Libertarian sauce.

Has anyone ever actually seen or tasted Libertarian Sauce, or is it in reality just another Urban Legend?

Rob Dawg wrote:

Oh good. For a minute there I thought you actually knew what is in the Libertarian sauce.

I had a good libertarian buzz going on in college, but I can't seem to find anyone selling it off-campus. And even if I could, it wouldn't be the same experience. Nothing more pathetic than a married father trying to recapture his college days.

Booyah!

Cinco-X wrote:

Has anyone ever actually seen or tasted Libertarian Sauce

Needs galt.

noob goldberg wrote:

Nothing more pathetic than a married father trying to recapture his college days.

Yes, you really need a divorce to do it right.

Maury the Credit Responsibility Panda wrote:

Needs galt.

Good one, Maury.

"Either that or your Brown Pants are showing up on the WMD scanners... "

They're standing in my bedroom closet. I don't usually put them on until 1 hour before market close.

Still getting knocked off...wonder what is up. Well in case I get knocked off for good for awhile everyone remember to clap for Kermit this afternoon when the markets open, haven't done that in a while.

sportsfan wrote:

his ultimate conclusion

The illegitimate son of a minor nobleman, Bernanke rises to considerable power within the decadent Empire by his own wits, and enjoys all the pleasures his position society gives him. Still he is painfully conscious of the impending fall of the Federal Reserve Empire and the subsequent "Long Night" of a galactic Dark Age. His career is dedicated to holding it off for as long as possible.

I wear a robe now since the kids are getting older. Looking into kilts.

"Another of the commentariat blogging in his undershorts! Man I wish I didn't know that...."

Don't worry I wear my tin-foil bath robe the rest of the day.

Rob Dawg wrote:

familyblogfamilybogfamilyblog....

Glad to know I'm not the only person with that kind of family...

HomeGnome wrote:

---That could be hazardous to your health.

Especially around open flames or Greek parties

Of course, there are some baseball players who are making more than that who don't get to the World Series either.

Ummm ... which ball player was it that made a $17 million

bonus

in one season?

Yeah, didn't think so. Terrible analogy. Those guys sign multi-year deals, and their careers are often notoriously short.

Oh, and last I checked the .gov didn't bail out the White Sox, Lakers, or the Colts. Win or lose, they are on their own. (And yes, I know that tax initiatives are often passed to generate revenues for stadiums and such. Those are typically state or local initiatives, and they usually have to pass voter approval. As opposed to the bailout of the Big Boyz, which was almost universally opposed by people everywhere and happened anyway.)

It's not the same as a ball player getting paid fat money and not making it to the World Series ... it is possible for a team to be good, and still not quite get the World Series. It is also possible for a team that does not make the WS to make a lot of money, anyway.

The banksters are getting paid fatter money for losing money. It's absurd, and Obama should have the stones to say so. IMO. So there.

sportsfan (profile) wrote (in reply to...) on Wed, 2/10/2010 - 10:00 am

tg wrote:

one explanation

Thanks for the link, tg. I think that's an excellent article, especially on the facts.

Safe Haven | Containing Inflation Via Unlimited Money Creation: The Feds Strategy

I don't necessarily agree with his ultimate conclusion, though, which seems to be that the Fed's balance sheet will never shrink and will actually continue to expand through reverse repos.

there used to be a guy who commented here named "stagflationary mark"

we used to argue in favor of the opinion, that ultimately (long run) the fedrsrv, usgov, usindustry, will agree to inlfate their way out of the debt, and devalue the dollar to get out of the mess

i continue to keep to this belief

Vonbek777 wrote:

Wow, broward, you are my hero... those are great

You'd be surprised how often I see one, perhaps once a month at a restaurant, etc.

Vonbek777 wrote:

I wear a robe now since the kids are getting older.

It's not a look everyone can pull off.

there used to be a guy who commented here named "stagflationary mark"

Mock, he stops by occasionally and still maintains his own blog, as well.

Illusion of Prosperity 

My wife won't watch that movie with me anymore. She says its not as funny when you are living it.

Sorry about your rug...

Four CitiApartments affiliates file for bankruptcy
| Reuters

In January, a media report said that the closely held Lembi Group was trying to renegotiate about $1 billion in debt to save dozens of buildings in its portfolio and had handed over 51 buildings to one of its lenders because of bad loans.

If it's not in Tartan, is it really a kilt?

The joy of language is that words get bent to their meaning. If it doesn't hold anything, is it really a bank? Can they really be creditors if they're cynical?

Neither. It is called a business decision.

I remember laughing out loud at the German nihilists and everyone in the theater was scratching their heads or walking out... loved that movie.