Wednesday, March 13, 2013

I FEEL BETTER NOW SWEETY

Of course things are better and if you don't look to closely and just listen to you MSM pundit then all we have ahead of us are sunny skies. Funny how things were fine all through 2007 and first half of 2008 even though it was clear to a lobotomized turd we were sinking into the abyss. Bear Stearns collapses in March of 2008 and a full frontal assault by the media/Wall Street that all was under control and a vicious counter cyclical rally ensued for over two months with every pumptard on Wall Street proclaiming it was safe for the public to stay in the market. Then with each massive monthly candle down counter cyclical rallies with full blown manipulation including stopping short selling on the financials. The only thing they didn't pull was stopping selling of securities PERIOD.  Thats just how fraudulent that period was. So what was REALLY GOING ON? Its called complete collapse of the system and they helped to engineer it and they benefitted from it. The same is happening now. Its just simply an extend and pretend policy of money printing. NOT FOR YOU sheeple but for the banks and the largest multi-nationals.

You find out your wife has put you 200K in debt and you're a 30K/year worker.....guess what .....YOU ARE BROKE! But what happens if your best uncle gives you 5K to get you through and you hand it over to your wife....GUESS WHAT???  She thinks things are GREAT. Ben's giving you the juice and let me tell you.....IT FEELS GOOD! Like some of you on here I made more money in my business last year than I EVER MADE......and it is 85% dependent on the Government....thanks to Ben the government is still levitating my business. DO YOU NOT GET IT? I WANT THE PONZI TO GO INDEFINITELY from a selfish personal point of view.....but its killing the real businesses and the real economy and I know my days of nirvana are numbered.

I'll be checking in frequently but cannot comment as much during the next four days.....hang in there gang. Just hope that Budfox is right that things ARE getting better and will continue to get better.....wouldn't that be nice.....gimmee another handful of fiat dear.


90 comments:

  1. http://news.yahoo.com/exclusive-obama-administration-let-spy-agencies-scour-americans-184047547.html

    The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.

    We are going down an ugly path....

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    Replies
    1. Why not they are looking at everything else, just a matter of time before one of these dolt's suggests bio RFDI chips to be inserted into all the peep's.... After all it's all about CONtrol ain't it!

      Speaking about your industry what goodies are you giving away? Free mini bottles..... hehehehe

      http://www.washingtonguardian.com/medicares-grocery-card-giveaway

      IF you did this in any type of fashion or volume when I was in DA business 10 years ago you most certainly would get three hots and a cot at Club Fed along with nice health fine.... Chit is so upside down it's starting to look normal!!!!

      Lastly,

      Brooklyn Spring? There's only so much TPTB can push......

      http://www.nydailynews.com/new-york/7-nypd-bullets-killed-teen-kimani-gray-article-1.1287452

      Delete
  2. You know, I don't think I ever said things are getting better or that we're in good shape. I believe my point of view all along has been things simply aren't as bad as some of the doomers seem to suggest. It's a bad idea to focus on one side, whether it's the pumpers on CNBC, or the moronic Prechter bears and their Dow 300 predictions, for instance.

    For every Cyprus, there's Singapore. For every Greece, Spain, Italy, I give you Norway, Australia, and Brazil. And here in the US, there's good and there's bad. Silicon Valley is awash in money. Google just announced they are expanding their Seattle campus and adding 1000 more jobs in the next 2 years. Amazon, Microsoft, and other high techs can't fill their openings fast enough. There's also plenty of boom in places like North Dakota, Texas, and parts of the East Coast.

    And then next to that, you got record levels of food-stamp usage, the real unemployment is probably in the high teens, and a manipulated stock market divorced from some of the main street realities and fueled by the Fed's printing presses.

    But none of this spells imminent doom, in my estimation. I think life will go on for the time being, and we'll just see what happens in the coming years. Look at Great Britain, they are still around after the fall of the empire following WW2. The Eastern half of the Roman Empire stuck around for hundreds of years until the Turks conquered them. So, you'll pardon me when I express my skepticism whenever I hear extreme levels of doom and gloom. It's good to be aware and prepare for the worst, but don't let it consume oneself.

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    1. Bud,

      Everything is built on a foundation of funny money. The question is how long can they keep the balls in the air. The balls will eventually hit the ground and when they do, most, if not all, of those things you speak about on the good side, will turn bad real quickly.

      Thus, there's been a lot of lipstick used to make the pig look good but they're going to run out of lipstick at some point. When that is is anyone's guess but it's inevitable. Ultimately, it comes down to math.

      Delete
  3. What I have come to believe is that the Fed & other central banks have a much greater degree of control than what some of these doomsayers imply. These central bank characters may look like a bunch of dopes on TV, but I think they know exactly what they are doing.
    I believe there is an ongoing, very gradual collapse, and they have full control and can continue it for a long time. So, they will print & print, and the money will find its way into various areas that will profit.

    OK--here is a stock to watch--LDK. If you look at the chart, there was a gap between 12/31/12 & 1/2/13. Well, yesterday that gap got covered and the stock has retraced about 80%. Let's see if 1.40 holds. Perhaps the big boyz will take it for a ride again.

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  4. Well Bud I still don't see your enumerated SPECIFIC examples of an improving economy. The people you like throwing mud at such as Willie have CLEARLY stated the U.S. has control of their implosion right here and right now....You dismiss several major Eurozone countries and throw in Brazil and Australia as counter examples...Both countries are showing significant stress now and you had better do your homework better. I suggest you go back and look at their recent reports.

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  5. Bud I am serious....please enumerate your specific examples supporting your thesis.....use GDP, unemployment, PPI , debt reduction whatever metric you believe. You have an opinion but you support it with nothing and call the realist "doomers" ..... I want YOUR support listed. YOU my friend cannot do it because you have NOTHING!!!!

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  6. and as far as IMMINENT...that you constantly mention WHO GIVES A SHIT? If you think that doom IS lurking but that its not immenent....what kind of world is YOUR construct. So you think things might collapse but just not "immenent"....what does that mean???? your going to ride the wave until you suddenly realize its a tsunami??????

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  7. If LDK doesn't hold 1.16 its goin to 1

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  8. Doc I have always found those that view Bernanke as "stupid" or incompetent have no idea how the true power operates. Ben does exactly as he is told as does O.....they take orders from a tightly controlled small group that have operated the game for centuries. Wash rinse repeat cycles are not accidental

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  9. Can I erase everything I wrote about LDK?
    Boy of boy, it is getting punished.

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  10. Doc,

    "The best laid schemes o' mice an' men / Gang aft agley." Robert Burns

    It's the "Gang aft agley" that scares me......

    They control a lot and have vast powers but they have as much power over natures laws as we do!

    Realist = Doomer hehehehehehe, don't let your lying eyes receive you........

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  11. Deceive not Receive, stupid auto correct.......

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  12. Evil/Brilliance with unholy alliances provide the perfect brew for humanity's demise....I hope I am wrong but taking precautions may seem to doom and gloomy for Budfox but for me they provide at least a degree of security knowing I made an effort.....

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  13. My own take on Budfox is that he "does get it". He sees the printing and what that is doing. And just look at what that printing has done--completely reversing the March/2009 lows. Yes, it is a fake recovery, but, it shows the immense power that the Fed has.

    Tom, could the Fed/Central Banks fail and quickly collapse the whole thing? Yes, of course it could happen. What they are trying to do on a global scale has never been done before. But, other than nature, they hold all the cards. And the politicians will write any new laws that are needed for "success".

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  14. Doc...I believe that the following scenario could easily play out....Brodsky manages over 100B so I listen....

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/12_Gold,_Destructive_Hyperinflation_%26_The_Final_End_Game.html

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  15. Doc...as far as Bud goes restating THE OBVIOUS (the Fed has held it together) does NOT discredit the "doom and gloom" WTF wants to live their lives in this economic hell.....the banks are de facto nationalized with US taking all their risks and THEY are managing to take a few more billion nuts for the K Winter. The problem home owners that had liar loans and TOO big of a house are being bailed out by US....There are no real small business/manufacturing restarting in this faux economy .......this is pure evil. I think Bud understands the Feds involvement I just don't think he has a clue what the downside risk is and I will stand by that. I do not see this ending as just a moderate reset and we all sing Kumbayai........But then I was one of those people that thought we should NEVER have gone into Iraq.....I actually thought it was insane and nothing but a false flag war....I was also one that caught unbelievable flak for warning eight partners to get out of the real estate market in 06 .... I warned of a stock market crash coming and shorted the financial sector......when Bernanke said everything was fine....so maybe I am wrong this time too.....but I think we are going to get this shoved up our asses in a way we may find very uncomfortable and this time ......THERE WONT BE A PRINTING PRESS....but then that's just me....maybe Budfox knows better

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    1. The whole media presentation is meant to make you doubt the raw facts and the world outside your suburban shell and 8-5 job, and ignore the Cassandras' warnings of the Troys of the world. This cannot be kept up too much longer with the spread of unemployment and higher cost and lower availability of essentials. They need more time to complete their bunkers and equip a rear guard to hold off the masses when the supply lines break down (energy and essentials cost cannot not be subsidized at these prices for too long)along with the failure of every pension fund.

      The daily blue pill is more palpable to the masses then taking the red pill. Iraq, Libya and Syria were fairly stable until social order broke down due to engineered conflicts.

      The line is still the 10 year treasury at 2% AND keeping essentials available and semi-affordable.

      Delete
  16. Kli,
    I read the Brodsky report twice the other day. I thought it made sense. But even he describes the Fed as being in control.

    I agree with what you wrote above. I see the suffering--those that have work hard their whole lives and played by the rules,...only to see their dreams melt away. I have family members that struggle--and no light for them at the end of the tunnel.

    You have been brave to speak out and start a blog like this. Others such as myself have seen the disparity for a long time,...and have pretended that everything will "be OK". For the last several years, I try to help where I can, but many won't listen. Some of my closest friends think I'm nuts.

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  17. Doc.......read Red carefully...it is the essence of the game for them....Its never been about "repairing" this for "us".....its extending it for them.....THEN collapsing it. If you think YOU get out of it but the Airline pilot loses his 10K/month pension only....then think again. NONE of the pension myth is going to be there.....but most people live paycheck to paycheck and aren't even thinking past next month. hehehehhe.....salt away your "fiat" nest egg gang.....gl with that one.....THAT is where Bud and I and a lot of you depart......Your nest eggs tied to the dollar are going to get ripped

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  18. I love the 70K/year ambulance medic that sits on a nice county pension criticizing a Union laborer making 90K ......one may be Union but at least he's PRIVATE. All of our "government" workers aren't just FEDERAL. They're local munuicipal state county etc.......WE ARE DROWNING ......and as Red said its just being propped up before the yank the table cloth from under it...We are full of hypocrites in this faux economy. ASK YOURSELF WHO PAYS YOUR FREIGHT????? Doc??? Who pays yours??? That's right Uncle Sam. Even the Hospitals are recieving DIRECT PAYMENTS to supplement keeping them open through bullshit like the EMR incentives and Rural Critical access hospital. MILLIONS to individual hospitals and they don't even have to see one patient.....hehhehhe

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  19. Well they might be paying but your gonna get less.......

    http://cnsnews.com/news/article/obama-administration-plans-cut-medicare-advantage-reimbursements

    jfyi: 90% of the local feel good visual and minor infrastructure improvements are totally attributable federal grants where I live. Funny part is the local gov is carrying so much debt there's actually very little unallocated cash flow they can't even replace one lousy street sweeper for 200k for cash! Never mind the Pension's, holy chit we are actually amortizing three year worth of contributions over ten years with interest to the plan because the cash flow isn't there and they don't have the chop's to ask for the needed 20 % tax increase, not that I will encourage it but it doesn't matter where you look everything is extend and pretend and that's only in my little slice of heaven. If they actually ran this as a business well they would be out of business.....

    One last thing just try and wrap your head around the magnitude of the brouhaha that will take place all over the Country when Pension's go belly up, bet you can't or just maybe you don't want to!

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    1. That's when the deflation kicks in. Pensioner's still take vacations, pay mortgages, buy new cars, buy gadgets for themselves or their kids, pay for overpriced drugs, and eat out. This will get ugly when the police and military pensions get reset based on a uniform federal age, years of service and how much money is available. The work and stay alive for 20 years for a military/le pension, will get thrown out the window when things get reset. This will be when it gets really ugly, watch Detroit as the test case if things hold together that long.

      Delete
    2. Detroit is a perfect example of what you get when unions take over a town.

      Delete
  20. Few points:

    1) I had my "Epiphany Moments" and realized my entanglements within the system before I found your blog. I DO realize my dependence upon Uncle Sam.

    2) I do read very carefully everything that Red & you write. 3rd sentence down from Red's upper post,..."They need more time to complete...". So, the game goes on & that is what Bud (and I) see. Stocks could rise for awhile. Yes,...it's paper.

    3) What other choices do we have? Kli, you once wrote before one of your work trips, "My hypocrisy knows no bounds". That actually made me feel a little better. My next "meaningful use" check is supposed to arrive soon. I see the truth, but have to play along for now. Maybe you do too.

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  21. "Nature Waits For No Man"

    only takes one not entirely foreseen event that cannot be contained and game over.

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    Replies
    1. Chaos Theory & The Butterfly Effect...

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  22. Just back from high-end Florida and could not believe the discussion of guns/ammo among the 1%. This is like nothing I have ever observed in my lifetime. These are people with 3 homes and gold rolexes. Also talk about where one may be able to go and being able to carry something of value in one's pocket!!!

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    1. good info sister....how high of net worth???

      Delete
  23. Kli and others, I "get it". It would be mighty foolish of me to not get it after being a reader of this blog for years and opening my eyes. Thank you Doctrader for articulating that point, which I can't seem to get across for some reason.

    But in any event, maybe there are different degrees of getting it, and this is where some of the disagreements are coming from.

    You asked me to enumerate some points to support my arguments, and I have none. I mean, there's plenty of data out there, but it's mostly bogus, manipulated, and just plain bad, so why waste my time posting any of it? And yet, in the face of all that, things seem to be moving along, entirely due to the Fed's easy money policies. These policies appear destined to continue well into next year, so when I hear someone say we have at most 3 months before the system falls apart, I have to object to that because all available evidence, from 2009 until now, contradicts such predictions.

    Red has made an excellent point, they are not doing any of this to help the people or the economy, but buying themselves more time, until they are ready to pull the rug from under us.

    I guess the main point of contention here is that some folks belive that a collapse is imminent (imminent being defined as in the next few weeks/months), while I have come to believe that it's several years out. So, we can use this opportunity to go along for the ride, like a surfer riding a big wave, which will eventually come down, but not just yet.

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  24. Bud on hand held today so pardon my posts....good answer and cannot disagree with your points at all...I'm trying to make it clear that I AM WORRIED THAT TOO MANY out there appear to believe they CAN keep this going through next year which scares the shit out of me. I'm also in your camp that they can float this longer but BE PREPARED for a sudden a jolting debasement just when it looks like they can levitate it forever....Like you I HOPE they can take it for several years longer....but I don't believe nor trust them to....read the article on the end game by Brodsky....that plays right into what I think they are going to pull

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  25. What's the Explanation for Declining Oil Consumption?
    Read more at http://globaleconomicanalysis.blogspot.com/2013/02/oil-consumption-analysis-jobs-robots.html#VfeBC9fwL40II24D.99



    I for got one.....LOL

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  26. "I AM WORRIED THAT TOO MANY out there appear to believe they CAN keep this going through next year which scares the shit out of me."

    Never mind that, think of all those that haven't a clue what so ever as to what is coming over the horizon, especially those expecting their pensions after 20 odd years of service with zip for savings that will certainly end up with nothing but empty promises.....

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/12_Gold,_Destructive_Hyperinflation_%26_The_Final_End_Game.html

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  27. Some what valid point on the robots......

    Pic of past Auto Assembly line

    http://2.bp.blogspot.com/_gyY3fGUPfik/ScALxRFuXeI/AAAAAAAAAII/3hctjv3OLlc/s1600/12+ford+assembly+line.jpg

    Pic of current Auto Assembly line

    http://l.yimg.com/bt/api/res/1.2/zrAnyBeKuKab7e0oSe5zog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTMwMDtweW9mZj0wO3E9ODU7dz00NTA-/http://media.zenfs.com/en_us/News/Reuters/2013-02-15T164949Z_2_CBRE91E13NU00_RTROPTP_2_USA-AUTOS-ECONOMY.JPG

    Notice anything missing?

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  28. like I have said on the blog..

    this is the death of money

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  29. Tom.....that is people...or workers

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    1. Paladin

      People & Worker's..... One of the only TV shows I enjoy watching is "How It Works" and when doing so I marvel at the manufacturing engineering and all that goes into making products and the automation. That being said, two things I usually take note of is the amount of energy needs to produce certain products and the lack of skilled workers that are doing so.

      50 years ago you needed skilled people to preform tasks that are now done via automation with greater efficiency and consistency but there was value to our society when people possess those skills. Today the majority have no skills in this regard and since NAFTA and the push over the past thirty years export our manufacturing base oversees to the detriment of our society.

      Technology is great and has shifted needs but in the end with a growing population people need to do something other than steaming milk for cappuccinos....

      Really in the end what skills are need to be a participant in a "Consumer Based" economy other than fiat and a credit card and that has gotten us where?

      Anyway to Sis's comments re: 3D printing, that's some pretty cool technology and overtime just might bring manufacturing back to our shores in some measure to the detriment of the Corporatocracy and to those poor soles making $ 3 to $ 5 a week making all our crap....


      Idle Hands make for Idle Minds

      Delete
  30. Robots and 3-D printers (no need for retail,just print out what you want)...what will people do? As far as 3D printers, check DDD & SSYS...

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  31. I understood Budfox and Doc articulated it well, heck I ran into Kli early in SKF, I too has a little insight into the bubble before many and have protested in front of the Fed before their was Occupy. I saw the beginning at NewCentury Financial, Triad and the myriad of credit/debt instruments of lending starting in 99.

    I say don't stop being prepared but live life everyday, watch Shawshank Redemption if you need for some get busy living get busy dying attitude. Yes, we could have a carrington event, if you have prepped, chances you will be part of a reset. If investing take the profit like the big boys do, set your stops and go with the trend. Betting the other way hoping it happens is trading account destruction. Don't read the news or base investing decisions on countries defaulting etc.

    If you have family, enjoy your time with them, love them and honor those whom have passed. We are a strong nation with diversity that can always overcome. I think you folks are getting too gloomy. If shtf we are all in big trouble, no matter how much you say your prepared. The money flowing thru the system is hitting a lot of income levels right now, I'm seeing it directly purchase penetration via credit/income in a huge industry. As mentioned look at Britain for examples of how long a currency can go on. We are way ahead of every nation right now in economic sustainability across financial, ag, business, tech, commodities, transportation etc etc etc. Let's not forget this!!

    Help your fellow man out and it goes a long way to living large thru all events..good and bad...

    The gloom coming is more centered around the spectre of war..not the fed..they will print for years...as Kli has been saying...

    lets be tolerant of all views here and lets throw some trading ideas around...turn profit buy rounds...that works right...cheers and Happy St. Pattys day to all of you..

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    1. Thanks Hubz...

      I was in the heart of the Subprime buildup when others were thinking about y2k
      I worked for New Century and quit based off someone turning over a double bk decline that I had made...I could have made millions with them as I was in early...but I quit and surfed for 2 weeks...amazing how the ocean can bring perspective and humble anyone here...anyone..

      Delete
  32. for those that give a shit how one becomes powerful in this world

    http://blogdogcicle.blogspot.com/2013/03/new-pope-tied-to-argentinas-dirty-war.html

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  33. just spent the afternoon talking with a priest about the new Pope and how much excitement it has engendered in a badly beaten Church....Hard to defend him with the documentation in this research....but WTF I don't have the heart to break this wonderful young man's heart.....so I'll leave him with his hope.

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    1. Things are about to get worse from bad. The understanding over the centuries is the Jesuits were to remain in the shadows as were the "enforcers" of the church, putting one of their own at the head of the most powerful organization on earth doesn't inspire much confidence in the upcoming global situation.

      As for trading, only profitable trade is the most dangerous which is going 1 to 1 with HFT algos during the day, start and end with cash. Doubt anybody here can keep that up for too long without getting ripped to shreds, with the exception of J. Most of the people here are not methodical and ruthless enough. Holding going forward will get your individual paper positions whipsawed until you cry mommy.

      Delete
    2. Maybe or maybe not Immred, some of us are ruthless and some of us padded Joe's account a lot by bringing stuff to attention here....

      assumptions are well, you know...

      Delete
  34. I’m sure many of us grapple with how much energy, time and resources to commit to ‘prepping’ for the doom vs. turning a blind eye and pretending all will be fine. I think you want to be ready for the future, but not at the expense of the present. I try to treat it like a game, even though it’s far from it for us in the non-elite class. I ‘play’ a few hours here, few hours there, stack bullion and acquire supplies, while enjoying the illusion as long as it lasts. Sometimes I want to join the sheeple, I want to believe the illusion so bad…jump on board that party bus, grab a bruisky, smell the phony fresh air as I hang out of the window on our way to fiat-ville lol. But then I realize this would just be a bus ride to the slaughter house.

    Below is a quote from a book by the brilliant Carl Sagan…written nearly 20 years ago!

    “I have a foreboding of an America in my children's or grandchildren's time -- when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what's true, we slide, almost without noticing, back into superstition and darkness...

    The dumbing down of American is most evident in the slow decay of substantive content in the enormously influential media, the 30 second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance”

    ― Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark

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    1. Well written Sammy and the Sagan piece speaks volumes. I think a lot of us want to live the illusion and its that constant schizophrenic dichotomy that is stressing those that choose to exercise what critical thinking they have left.

      Delete
  35. keep an eye on this....this could be the butterfly....

    http://www.zerohedge.com/news/2013-03-16/europe-does-it-again-cyprus-depositor-haircut-bailout-turns-saver-panic-bank-runs-br#comment-3335016

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  36. Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000


    let me understand this.

    10,000 deposit took a 6.75% hit

    that is a hit of -675

    looks like they are going after savers

    the death of money

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  37. This is unbelievable…Cyprus was a banking safe haven. It’s going to be difficult for people to sleep at night with money in the bank. This is certainly bullish for PMs and a very foretelling and frightening sign of things to come.
    I lived in Cyprus for a year, what a beautiful place. When I was a child, we escaped a major battle during the civil war in Lebanon by hopping a ferry to Larnaca. What a shame.

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  38. This may be a trial baloon to see how the system responds.....test case

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  39. Macro Analytics - HYPERINFLATION: A Currency Event - w/ Ty Andros

    http://www.youtube.com/watch?v=usrNqYYhuf4

    if you look at the velocity of money as people hord their cash...savings ..they can not inflate

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  40. This could easily become a sentinel event...have to watch what happens before Sunday night markets open

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  41. This could be a trial and they may step in early to cut it off but this is exactly what WILL happen in the "real event" so that's why I think this is too treacherous to just "trade"

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  42. Karl Denninger is posting on this..

    http://market-ticker.org/akcs-www?post=218812

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  43. Karl..

    Taxed? Like hell that's a tax. That's direct confiscation of the funds of people who did nothing wrong!

    Oh, and if you think this is something you can get around? Think again:

    Mr. Sarris said the Cypriot Parliament would adopt the taxes over the weekend and the money would be extracted from accounts before banks take up business Tuesday. Monday is a public holiday.

    They have blocked electronic transfers over the weekend too.

    Now let's see if the Cypriots go for it, or if there is an instant uprising.

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  44. My question to anyone who is long stocks while admitting that conditions are terrible is this: What will tell you that its time to get out? In other words if you think things are terrible but hold stocks because the market could continue to go up, what will make you get out?

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  45. great question bondguy.....I hold no general equities so I cannot give you one. Also look what is happening in Cyprus right now..ON THE WEEKEND. The PTB want to see how the internet influences this panic and whether the MSM can stem the viral flow of news on this. They probably still have a "kill switch" for this manufactured event but on the other hand they may WANT this to go viral with a "panic" gl

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  46. bondguy.

    Karl.

    PS: $100 bills in your hand have just been declared to be worth somewhere between 7-10% more than those "deposited" and "stored" in a bank. May I ask the following pertinent and rather timely question: Where are yours?



    so is he saying that cash in your mattress is worth more than a bank account

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  47. on Karl's site..
    Nevertoolate....post this.


    Let's see what kind of a run happens on Tuesday? My bet is a withdrawal limitation to a percentage of what's left. GFL!( good f===inf luck) Now we know why it's mandatory to have direct deposit in this country?


    paladin added to this post

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  48. anecdotal from a friend in Italy that says they are starting to panic from this news.....my guess is they'll have news stemming the panic before markets open

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  49. I believe that March 21 =/- 2days was Wujos "event" date. Also this was Jim Sinclairs Date.....so they may let this run for a bit

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  50. This is serious chit and there's no working around it, unless your not in the way, just goes to prove the old saying:

    "A bird in hand is worth two in the bush"

    It should now be evident by now in light of this, where all those dot's on gun control were leading too if this is a scheme being thought about by TPTB.. Denniger is correct this is outright and blatant "Theft"!

    Adjust accordingly.... go long 3" PVC pipe in assorted lengths along with the accompanying Fernco PQC-103 3" Flexible Pipe End Cap's and a long handled round point spade.

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  51. so is he saying that cash in your mattress is worth more than a bank account


    I paladin say yes...

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  52. It will be interesting to see how this plays out.
    When I mentioned this Cyprus event to my wife, she said, "Let's just spend all our money". Maybe that is what the PTB are testing for. If you can't leave your money in the bank, what are you going to do with it? People will be afraid to keep large sums of cash at home. So, might as well buy something, and most won't buy silver or gold. Maybe flat screen TV purchases will spike.

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  53. That's a good one doc......Its definitely purposefully done for an "effect" This is not random. Just have to watch closely.

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  54. following posts are from Brussels Banker that I follow in the ZH comments section

    Not quite exact about "the only reason Cyrprus is in EU is to veto any Turkish attempt ... "

    Quite true that Cyprus is geographically part of Asia and the Middle East, an island off the coast of Lebanon and Syria ...

    But the reason it is in the EU, is that it is essentially part of Greece, which has other 'Asian islands' off the coast of Turkey.

    The Greeks have tried to 'protect' Cyprus, and Greece told the EU if they did not let in Cyprus, Greece would block Poland and other Eastern European countries from joining the EU. The EU submitted to the blackmail.

    ---

    When the Cypriots had their bloody revolution to win independence from the Brits in the 1950s, many if not most Cypriots wanted to simply merge with Greece.

    To fight the revolution, the Brits with their typical 'divide and rule' tactics, like inserting lots of Jews into Palestine, the Brits inflamed Cypriot Muslims and Turks and encouraged increase in the small Turkish population.

    After Cyprus became independent, many Cypriots still worked for merger with Greece, which in turn helped incite the Turish invasion of North Cyprus ... and it still remains a divided island today.

    With Greek-speaking Cypriots today still sometimes just identifying themselves as 'Greek'.

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  55. Marc Chandler is missing it, and shilling for the system too much in his article above

    He jumps too quickly from the fact that in a free market, a rate of return is not guaranteed ... to claim that therefore it is okay for governments to manipulate rates, destroy savers, and comprehensively pervert and create mis-allocations throughout the entire marketplace ... nothing was 'guaranteed' in life, so stuff it, says Marc

    Marc seems to say that since life doesn't come with 'guarantees', it is okay for the government to be crony fascist and running the economy to benefit the banksters they prefer ... Who guaranteed your government wouldn't betray you, huh? says Marc

    And then Marc Chandler feels confident that "spill over into the capital markets on Monday is likely to be minimum ..."

    Well maybe on Monday amid the 'capital markets' crowd, i.e., as far as Marc's friends are thinking at the moment ...

    But blowback will follow from this Cyprus depositor confiscation, big-time ... whether this week or just shortly down the road

    My Italian and Spanish friends in Brussels are already hitting the ATMs

    This is a major turning point in the break-up of the euro-zone ... a break-up which will arrive much sooner than Marc expects

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  56. Cyprus news is bullish for USD and equities, and not so much for metals, I think. Boatloads of money will probably flow here now, and combined with what's coming out of Ben's printing house on a daily basis, Dow 20,000 this year doesn't seem so outlandish anymore.

    Moral of the story is, don't keep too much cash in the bank, except for 3 months' expenses. Rest goes to the casino and gold/silver if they take a dump.

    Since most Americans live paycheck to paycheck and barely have $1000 in the bank, they would hardly notice a 10% confiscation. Plus, it would never happen here because unlike the Cypriots, we can print, and print, and print some more.

    The markets should finally set some new records this week, after all, this is better than expected, "only" 10%, instead of the 40% Merkel and Co were demanding. It's nice to be living in this cartoon, and might as well go along for the ride.

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    Replies
    1. http://www.dailymail.co.uk/news/article-2294388/ATMs-emptied-Cyprus-savers-learn-10billion-euro-bailout-agreement-includes-levy-bank-accounts.html

      Andy Georgiou, 32, who grew up in Liverpool, said: ‘We are struggling. We can’t access money and we need it to buy petrol and food. It’s appalling.

      "All without any warning."

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  57. It is bullish for USD.....as money chases safety....the ultimate safe haven will be gold as the ponzi unwinds....whether this is bullish for miners remains to be seen since they are paper assets. My guess is this will be an open hole shot for Ben to step into the Euro fray again and hit them with massive Fed USD infusions through the swaps market.....THAT is not bullish for the USD...This may very well be contained but for now the damage is enormous and one day Bud you could be sorely disappointed (just as the Cypriots are) and wake up and find on a Saturday that your Ponzi dealt you a very unfair hand.

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  58. Wow Cyprus! Booyaa! Nothing quite like these free markets. Irrational Exhuberence banksta style. What a depressing mess....Good job gov-ment hacks!

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  59. http://www.zerohedge.com/news/2013-03-16/everyone-shocked-what-just-happened-and-why-just-beginning

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  60. http://www.zerohedge.com/news/2013-03-16/europe-does-it-again-cyprus-depositor-haircut-bailout-turns-saver-panic-bank-runs-br

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    1. Looks like Bank Run Monday.
      Time to take notes and see how far it spreads among the PIIGS, and the collateral damage.

      10,000 is still the limit in the US until the bank gives you a very hard time and then has to report you to the feds as a terrorist.

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  61. Replies
    1. Can't believe this is how cnn reports it "Tiny Cyprus gets big EU bailout"

      http://money.cnn.com/2013/03/16/news/economy/europe-cyprus-bailout/index.html?source=cnn_bin

      Delete
  62. Kli, Re: Florida, maybe not the 1% but definitely the 2-3%, honestly don't know the numbers but these peeps have at least $1M/yr. in cash flow...they are business owners and still working. I am NOT anywhere near this category...they are old friends who have done much better than I. I guess Cyprus does not surprise me...but just due to numbers alone, it's hard to imagine this would fly in USA...also know a D.C. insider who keeps cash and plenty of it in her physical possession. I guess what does surprise me is the level of suspicion/mistrust of gov't. in this group category, don't know the movers & shakers personally where I live in Charlotte. Also will say saw none of this attitude in NY among the definitely 1% at Christmas. I gave up on the MSM a long time ago. Cramer said wait for a better entry last week so I look for more up.

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  63. Think the market is about to get a nice big dose of volatility soon on Monday :)

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  64. This is the opening of the second act of the government debt crisis, when it moves from us “nuts” on the internet into the MSM and the public becomes aware of what lots of people on this site have been aware of, and warning about for the past several years. To me this is like the default of the Bear Stearns hedge funds in the summer of 2007, although I think this crisis will move much faster than in 2007/8 and will be much worse. This is very bullish for USD and Treasuries, and maybe briefly for US equities. Because it is ultimate liquidity it is WIDLY bullish for gold. The markets are perfectly set up for a reversal of the trends from the past six months.

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  65. I hope so hubz..been buying volitility for some time now. We shall see. BTW what is on TV tonight and can we afford pizza and watered down bud light is the dicussion most "consumers" are having right now.

    Only a few Patriots are discussing the real issues.

    Back to the bunker.

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  66. so the question is....how many $$$$ to keep the the banking world...

    I do not need any more gold/silver bars or coins..

    I do not need any more gold/silver mines

    in my mind I do not know what to do

    I have a lot of cash in the banking system...

    paladin

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    Replies
    1. Alas Paladin this is the issue for the 1% and Yes Nancy those are 1%rs.....BUT that is not the income group that is the problem.....it is the .0001% that have net worth in the TRILLIONS....hehehe......therein lies the true power. Don't worry however for you doubters on that number, it is all "conspiracy stuff"...OF COURSE Forbes would have them listed at the top of their list if it were "true".....hehehehee along with Carlos Slim, Bill Buffet, and other "Bullshit Luminaries".......

      Back to Paladin.."I do not need any more gold/silver"......If that is true Paladin then you dont need to worry about your second problem. ..... However you can invest excess cash in obvious alternatives.....such as good farmland, classic cars, even blue chip stock certificates like Budfox suggests is not a terrible choice...........ANYONE with substantial bullion has to consider other liquid assets. USD right now seems to have a chance for a few weeks

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    2. Paladin.....USD is still the prettiest Pig in the market....for now....the CypRIOT issue is FOR WHATEVER REASON a new problem for many investment class people.....THEY just showed us that banks cannot be trusted. FOR THE LIFE OF ME I DON'T KNOW WHY THEY DID THIS. I'm taking it for what it is. GET YOUR CASH OUT OF BANKS AND INTO OTHER ASSETS.......VELOCITY OF MONEY ANYONE??????? My answer later

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  67. new post up later tonight.....back in town and reviewing our options

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  68. can't confirm but

    Cyprus banks now closed till Thursday. Can we get April?

    Good chance that Spanish, Italian and Greek banks closed tomorrow. The ATMs will have run out in any case. Welcome to fraudulent fiat finances. from oversea commenter

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  69. http://www.bloomberg.com/news/2013-03-17/europe-braces-for-renewed-turmoil-as-cyprus-deposit-levy-at-risk.html

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  70. Why ask why, Kli?

    The quick action from what I have read was meant to trap the Russian Oligarchs/KGB wealth from leaving Cyprus before the haircut. If they had left the bailout would have failed and Cyprus would be immediately bankrupt, my guess is the average oligarch might have gotten 10 to 20 cents on the dollar optimistically. If this succeeds (which I doubt)oligarch only get a 10 percent haircut. Failure means The average multi-billionaire Russian oligarch with very unfriendly relatives would get between 0 to 20 percent. These are not just some angry "pensioners". They make the Yakuza and Mafia look like pre-Sandusky alter boys.

    It also takes a group of competing group of players off the global playing board (so the Western Cabal believes). Can't buy physical PM, fund military or civilian pet counter projects, and NY penthouse apartments without a working bank account. Cyprus was to Russia the equivalents of the Caymens to West, where money hid or laundered for non-state activities.


    Depending on how this plays out, you may see if this leads to a new meaning for "No Bankster left behind, except in little pieces".

    Grab some Green Bear and corn beef and cabbage and watch the FUN!

    Depending on how this plays out, you may

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    Replies
    1. http://www.spiegel.de/international/europe/tax-haven-reputation-plagues-eu-bailout-of-cyprus-a-877369.html

      If not this, I'm in Kli's camp this is nuts!

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    2. thanx red I knew you would come thru for me......and it validates my confusion for this move since I know as you do they do NOTHING by accident ......nothing more needs to be said....

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