Huge Benghazi bombshell -- Obama actually in trouble now

[Kirkland Laing]

1. Hillary is, as best we can tell, a woman. And so are roughly 50% of the American population. She may be the second Clinton running for prez but she's the first woman ever. And that fact overrides her surname. The surname is irrelevant anyway. It's only going to matter to people who are going to vote Republican anyway. It'll definitely be a talking point for the GOP during the election campaign....

2 ... as will her age and health and Benghazi which again are things which will only really matter to people who vote Republican. And they'll be all the GOP talk about (rmember Swift Boat Veterans for the Truth? Those fuckers selling that book you were on about the other day will be the 2016 SBVFTT for instance). The last thing the GOP want to do is talk about their actual policies so their entire campaign will be Benghazi, she's old, something she said in 1972, rehashed non-scandals from the 1990s, Bill Clinton's penis, the 2016 version of "you didn't build that".........

3. Again, something only GOP voters will find relevant. What was Romney's defining moment as governor of Mass.? Fucking Obamacare, that's what. How much coverage did that get in 2012? How much older was John McCain in 2008 than Hillary will be in 2016? How much coverage did his age get in the 2008 campaign? You need to stop looking at every single fucking thing through the prism of conservative media.

Hey if you want to elect her, then vote for her. I won't and I know a large portion of the United States won't vote for her because they never liked her to begin with which is kind of why she didn't win the last time she ran.

A large portion of voters won't vote for either candidate because they can't stand them. That's the same in every single presidential election.

She hasn't run for president. She didn't win the Democratic primary. Provided she stays healthy she'll run again and she'll cruise the primary this time. And absent a recession or an economic meltdown she'll cruise to the White House too. No Republican can beat her if the economy stays OK.

[Kirkland Laing]

Are you ready for eight years of Hillary to follow the eight years of Kenyan socialism?

I don't like Hillary at all, but even recusing my political beliefs from the argument I can't see how she'll A) Be the candidate and B ) win the general election for the following reasons.

1. Her name alone. Clinton. So you're telling the American people we'd willingly go H. W. Bush, Bill Clinton, W. Bush, Obama, Hillary Clinton? And you figure we'd be ok with that? We don't do kings and we don't do royal families...not even Jeb Bush will win this election.

2. Again her age/health....is it sexist to bring those up? If that decisions was Hillary's to make she'd say yes in a heartbeat. That spill she took while getting on the airplane is going to stick with her as is her testimony on Benghazi...as will Benghazi in general, remember her 3 a.m. phone call ad? Yeah that's going to be used against her effectively.

3. Here's a question maybe you could answer on her behalf "What was her defining moment/best event/biggest deal as Secretary of State?"

1. Hillary is, as best we can tell, a woman. And so are roughly 50% of the American population. She may be the second Clinton running for prez but she's the first woman ever. And that fact overrides her surname. The surname is irrelevant anyway. It's only going to matter to people who are going to vote Republican anyway. It'll definitely be a talking point for the GOP during the election campaign....

2 ... as will her age and health and Benghazi which again are things which will only really matter to people who vote Republican. And they'll be all the GOP talk about (rmember Swift Boat Veterans for the Truth? Those fuckers selling that book you were on about the other day will be the 2016 SBVFTT for instance). The last thing the GOP want to do is talk about their actual policies so their entire campaign will be Benghazi, she's old, something she said in 1972, rehashed non-scandals from the 1990s, Bill Clinton's penis, the 2016 version of "you didn't build that".........

3. Again, something only GOP voters will find relevant. What was Romney's defining moment as governor of Mass.? Fucking Obamacare, that's what. How much coverage did that get in 2012? How much older was John McCain in 2008 than Hillary will be in 2016? How much coverage did his age get in the 2008 campaign? You need to stop looking at every single fucking thing through the prism of conservative media.

Actually, since 1872 the US has had roughly 36 women run for president.

OK, the first woman running for one of the two main parties/a party with a chance of winning.

[Kirkland Laing]

but I guess when you look at where the money comes from it spins around in the same circles, so it isn't such a waste. Plus they can always print some more and give it to the banks

About three or four months ago you discovered the existence of fractionated reserve banking. To say your knowledge of where money comes from is at a Janet and John level is an insult to Janet and John books and the preschoolers who read them.

The Fed recently ended QE. Why aren't we currently seeing skyrocketing bond yields, hyperinflation and so on, hmmm?


Not currently happening. Why not?

As a prodigious, intelligent and successful man of the world (ice cream marketing, greatest seller of useless products etc), fractional reserve banking is something I have known about for many years. In certain nations it has become more than fractional reserve banking with infinite re-hypothecation meaning in essence that the money is emerging from a complete vacuum. The banks have nothing to back up their cooked and rather scruffy books beyond a wave of frauds and manipulations.

The Fed may have ended the latest round of money printing (fraud), but the scheme is a global one and the buck has merely been passed onto Japan. The reason we are not seeing hyper inflation is because the Feds printed money is being handed directly to the banks (almost for free) and they are holding onto it because, as I mentioned before, these institutions are insolvent. This isn't rocket science. Unless money actually gets passed on to the real economy there will be no significant inflation. All the inflation is in stocks and asset prices. In the real world wages are falling and continue to fall.

I hope this service has been of some use to you and I really appreciate the picture of those lovely little aristocrats.

That's not what you were saying a few months ago. A few months ago you were convinced as soon as the Fed stopped QE the dollar would collapse.

[El Kabong]

when given the opportunity to vote for the "Established Candidate" or the "Newbie" the liberals always.....ALWAYS pick the newbie and that's why the Hildebeast wasn't nominated last time. But again you believe what makes you happy ok princess

Elizabeth Warren or perhaps a Castro Twin (Julian or Joaquin) will make a strong run....in the end who knows? If they are beaten out by an establishment candidate there WILL be civil unrest wherever they hold the convention a la Chicago '68.


The Republicans will be out of a heat of: Rand Paul (my pick although he won't win because he's too Libertarian), Chris Christie, Rick Santorum, Ted Cruz (2nd pick), Scott Walker, Rick Perry, Paul Ryan, Dr. Ben Carson would certainly factor big if he runs.

[Reginald Perrin]

but I guess when you look at where the money comes from it spins around in the same circles, so it isn't such a waste. Plus they can always print some more and give it to the banks

About three or four months ago you discovered the existence of fractionated reserve banking. To say your knowledge of where money comes from is at a Janet and John level is an insult to Janet and John books and the preschoolers who read them.

The Fed recently ended QE. Why aren't we currently seeing skyrocketing bond yields, hyperinflation and so on, hmmm?


Not currently happening. Why not?

As a prodigious, intelligent and successful man of the world (ice cream marketing, greatest seller of useless products etc), fractional reserve banking is something I have known about for many years. In certain nations it has become more than fractional reserve banking with infinite re-hypothecation meaning in essence that the money is emerging from a complete vacuum. The banks have nothing to back up their cooked and rather scruffy books beyond a wave of frauds and manipulations.

The Fed may have ended the latest round of money printing (fraud), but the scheme is a global one and the buck has merely been passed onto Japan. The reason we are not seeing hyper inflation is because the Feds printed money is being handed directly to the banks (almost for free) and they are holding onto it because, as I mentioned before, these institutions are insolvent. This isn't rocket science. Unless money actually gets passed on to the real economy there will be no significant inflation. All the inflation is in stocks and asset prices. In the real world wages are falling and continue to fall.

I hope this service has been of some use to you and I really appreciate the picture of those lovely little aristocrats.

That's not what you were saying a few months ago. A few months ago you were convinced as soon as the Fed stopped QE the dollar would collapse.

I do not recall ever having made this particular statement. As soon as QE stops you would expect the markets to stop rising as they are. However, all I can see is a central banking cartel that passes the buck when the heat gets too hot thus the fraud continues unchecked. The cartel seem to be very much in collusion and I am not sure they can end QE without the painful consequences. Assets and stocks are overvalued, but with ZIRP at unprecedented levels, I have a hard time seeing normality ever in place again. The system has eaten itself alive and those in charge know it, they have no way of winding it all back in and so the continued mirage of stocks and assets is being used to suggest recovery, when in fact the entire system is in a much worse place than last time.

I think banking as a % of GDP stands at something like 450% today and that is with them constantly in the dock and insolvent beyond their frauds. By comparison it was only 150% in 1990. Deregulation and infinite hypothecation has led to some rather outrageous behaviour and 2008 was only a slight unraveling. Instead of dealing with it, they opened another bottle of bubbly and continued to gorge on the rotten carcass of the imperialist economies. They should have gone bust, but now there are no serious penalties for the banking class, it's anyone's guess what comes next.

Economic norms and expectations have a very difficult time in times of unprecedented absurdity. It's anyone's guess where it ends up, but the banks as they stand likely have to go.

[Kirkland Laing]

when given the opportunity to vote for the "Established Candidate" or the "Newbie" the liberals always.....ALWAYS pick the newbie and that's why the Hildebeast wasn't nominated last time. But again you believe what makes you happy ok princess

Elizabeth Warren or perhaps a Castro Twin (Julian or Joaquin) will make a strong run....in the end who knows? If they are beaten out by an establishment candidate there WILL be civil unrest wherever they hold the convention a la Chicago '68.


The Republicans will be out of a heat of: Rand Paul (my pick although he won't win because he's too Libertarian), Chris Christie, Rick Santorum, Ted Cruz (2nd pick), Scott Walker, Rick Perry, Paul Ryan, Dr. Ben Carson would certainly factor big if he runs.

Hillary didn't get the 2008 nomination because she voted for the war in Iraq. Democratic primary voters were still furious about Iraq so voted for Obama. Now Hillary is the runaway favourite, has the full backing of the Democratic establishment and will walk the primary.

The GOP nimonee will either be Romney, Christie or Bush, who are the three GOP establishment guys. At a push if an outsider gets it it'll be Scott Walker. All the other guys in the 2016 GOP Klown Kar Kavalcade (Paul, Cruz etc) will be favourites at one point or another but the GOP establishment will pick a moderate and put all their money behind them. They're not going to back one of the looney tunes.

[Kirkland Laing]

but I guess when you look at where the money comes from it spins around in the same circles, so it isn't such a waste. Plus they can always print some more and give it to the banks

About three or four months ago you discovered the existence of fractionated reserve banking. To say your knowledge of where money comes from is at a Janet and John level is an insult to Janet and John books and the preschoolers who read them.

The Fed recently ended QE. Why aren't we currently seeing skyrocketing bond yields, hyperinflation and so on, hmmm?


Not currently happening. Why not?

As a prodigious, intelligent and successful man of the world (ice cream marketing, greatest seller of useless products etc), fractional reserve banking is something I have known about for many years. In certain nations it has become more than fractional reserve banking with infinite re-hypothecation meaning in essence that the money is emerging from a complete vacuum. The banks have nothing to back up their cooked and rather scruffy books beyond a wave of frauds and manipulations.

The Fed may have ended the latest round of money printing (fraud), but the scheme is a global one and the buck has merely been passed onto Japan. The reason we are not seeing hyper inflation is because the Feds printed money is being handed directly to the banks (almost for free) and they are holding onto it because, as I mentioned before, these institutions are insolvent. This isn't rocket science. Unless money actually gets passed on to the real economy there will be no significant inflation. All the inflation is in stocks and asset prices. In the real world wages are falling and continue to fall.

I hope this service has been of some use to you and I really appreciate the picture of those lovely little aristocrats.

That's not what you were saying a few months ago. A few months ago you were convinced as soon as the Fed stopped QE the dollar would collapse.

I do not recall ever having made this particular statement. As soon as QE stops you would expect the markets to stop rising as they are. However, all I can see is a central banking cartel that passes the buck when the heat gets too hot thus the fraud continues unchecked. The cartel seem to be very much in collusion and I am not sure they can end QE without the painful consequences. Assets and stocks are overvalued, but with ZIRP at unprecedented levels, I have a hard time seeing normality ever in place again. The system has eaten itself alive and those in charge know it, they have no way of winding it all back in and so the continued mirage of stocks and assets is being used to suggest recovery, when in fact the entire system is in a much worse place than last time.

I think banking as a % of GDP stands at something like 450% today and that is with them constantly in the dock and insolvent beyond their frauds. By comparison it was only 150% in 1990. Deregulation and infinite hypothecation has led to some rather outrageous behaviour and 2008 was only a slight unraveling. Instead of dealing with it, they opened another bottle of bubbly and continued to gorge on the rotten carcass of the imperialist economies. They should have gone bust, but now there are no serious penalties for the banking class, it's anyone's guess what comes next.

Economic norms and expectations have a very difficult time in times of unprecedented absurdity. It's anyone's guess where it ends up, but the banks as they stand likely have to go.

I had a little look but can't find it. Miles, the Fed just stopped buying $75 billion of US bonds a month. All the fucking idiots you get your information from predicted that when this stopped bond yields would skyrocket and the dollar would collapse. You and Brockton have been coming out with this crap for years. Yet the bond market has swallowed the monthly 75 large without even a burp.

And now you're trying to blame the non-collapse of the dollar on the Bank of Japan buying Japanese bonds? Exactly how the fuck does the Japanese central bank buying Japanese bonds affect the American bond market or the creditworthiness of the US government?

Actually don't even bother answering, for fuck's sake just stick to teaching English.

[Reginald Perrin]

Therefore, you must be making things up. The economist Ha Joon Chang makes the valid observation that most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly. In fact if you were to follow the subject using certain schools of analysis, then your approach would be ideological, which would be tantamount to religious or political faith rather than any common sense. Economics is largely agenda driven and thus not a science. The concepts of trickle down economics or the joys of globalisation are a case in point. Trickle down is a myth and globalisation an ideological crusade for corporations to override governments.

If anything it is those in the finance industry that caused the crash, driven by the academics that promoted their greed with agenda driven discourse, and the politicians that were bought and sold that are the problem. The viewpoints of Reginald Perrin as salient, lucid, and remarkably calm in the face of such a diatribe, as they are, are merely the economic views of common sense. On that basis any ordinary person can be an economist or banker and in all likelihood would struggle to do as bad a job as George Osborne or Jamie Dimon. Though of course the inhumane and greedy would argue that they have done a fine job, but alas those are the views of corrupt psychopaths. The economics of common sense is not ideological or written by economists for finance or corruption, it is the economics of concern for people.

The economic policies of central banks is the furthest away from the economics of common sense as one can be. It is the economics of insanity and has practically no regard for people. The only people it is concerned about protecting are the psychopaths for whom enough is never enough. A common sense man would say they all have to go.

Community banking works and that is all you need. Customers deposit money then loans are made to business using fractional reserve banking and hey presto, a banking system as it was once known. Balance sheets that are transparent and a system that knows what it can manage. The banking of investment and finance stands in marked contrast and I don't think many ordinary people would be sad to see it all go.

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary. Likewise, investment banking has grown massively since 1980 and on the whole it has been far more trouble than it is worth too....for ordinary people. Take these elements away and return life to a basic banking model that serves its people and a peg that controls government spending (eg. gold standard) then one is heading towards something a bit more human. However, there are a lot of people in finance and they know it is their ticket.

[Gandalf]

Haha! Why are you calling someone named Reginald Perrin.... 'miles'.....that is frankly weird, but I would expect nothing different from a banker.

[Andre]

[SlimTrae]

Great conversation here.

[pacfan]

but I guess when you look at where the money comes from it spins around in the same circles, so it isn't such a waste. Plus they can always print some more and give it to the banks

About three or four months ago you discovered the existence of fractionated reserve banking. To say your knowledge of where money comes from is at a Janet and John level is an insult to Janet and John books and the preschoolers who read them.

The Fed recently ended QE. Why aren't we currently seeing skyrocketing bond yields, hyperinflation and so on, hmmm?


Not currently happening. Why not?

As a prodigious, intelligent and successful man of the world (ice cream marketing, greatest seller of useless products etc), fractional reserve banking is something I have known about for many years. In certain nations it has become more than fractional reserve banking with infinite re-hypothecation meaning in essence that the money is emerging from a complete vacuum. The banks have nothing to back up their cooked and rather scruffy books beyond a wave of frauds and manipulations.

The Fed may have ended the latest round of money printing (fraud), but the scheme is a global one and the buck has merely been passed onto Japan. The reason we are not seeing hyper inflation is because the Feds printed money is being handed directly to the banks (almost for free) and they are holding onto it because, as I mentioned before, these institutions are insolvent. This isn't rocket science. Unless money actually gets passed on to the real economy there will be no significant inflation. All the inflation is in stocks and asset prices. In the real world wages are falling and continue to fall.

I hope this service has been of some use to you and I really appreciate the picture of those lovely little aristocrats.

That's not what you were saying a few months ago. A few months ago you were convinced as soon as the Fed stopped QE the dollar would collapse.

I do not recall ever having made this particular statement. As soon as QE stops you would expect the markets to stop rising as they are. However, all I can see is a central banking cartel that passes the buck when the heat gets too hot thus the fraud continues unchecked. The cartel seem to be very much in collusion and I am not sure they can end QE without the painful consequences. Assets and stocks are overvalued, but with ZIRP at unprecedented levels, I have a hard time seeing normality ever in place again. The system has eaten itself alive and those in charge know it, they have no way of winding it all back in and so the continued mirage of stocks and assets is being used to suggest recovery, when in fact the entire system is in a much worse place than last time.

I think banking as a % of GDP stands at something like 450% today and that is with them constantly in the dock and insolvent beyond their frauds. By comparison it was only 150% in 1990. Deregulation and infinite hypothecation has led to some rather outrageous behaviour and 2008 was only a slight unraveling. Instead of dealing with it, they opened another bottle of bubbly and continued to gorge on the rotten carcass of the imperialist economies. They should have gone bust, but now there are no serious penalties for the banking class, it's anyone's guess what comes next.

Economic norms and expectations have a very difficult time in times of unprecedented absurdity. It's anyone's guess where it ends up, but the banks as they stand likely have to go.

The way you explain the economy here is as if it is in total chaos. Can you explain then why it hasn't collapsed yet...

[Kirkland Laing]

but I guess when you look at where the money comes from it spins around in the same circles, so it isn't such a waste. Plus they can always print some more and give it to the banks

About three or four months ago you discovered the existence of fractionated reserve banking. To say your knowledge of where money comes from is at a Janet and John level is an insult to Janet and John books and the preschoolers who read them.

The Fed recently ended QE. Why aren't we currently seeing skyrocketing bond yields, hyperinflation and so on, hmmm?


Not currently happening. Why not?

As a prodigious, intelligent and successful man of the world (ice cream marketing, greatest seller of useless products etc), fractional reserve banking is something I have known about for many years. In certain nations it has become more than fractional reserve banking with infinite re-hypothecation meaning in essence that the money is emerging from a complete vacuum. The banks have nothing to back up their cooked and rather scruffy books beyond a wave of frauds and manipulations.

The Fed may have ended the latest round of money printing (fraud), but the scheme is a global one and the buck has merely been passed onto Japan. The reason we are not seeing hyper inflation is because the Feds printed money is being handed directly to the banks (almost for free) and they are holding onto it because, as I mentioned before, these institutions are insolvent. This isn't rocket science. Unless money actually gets passed on to the real economy there will be no significant inflation. All the inflation is in stocks and asset prices. In the real world wages are falling and continue to fall.

I hope this service has been of some use to you and I really appreciate the picture of those lovely little aristocrats.

That's not what you were saying a few months ago. A few months ago you were convinced as soon as the Fed stopped QE the dollar would collapse.

I do not recall ever having made this particular statement. As soon as QE stops you would expect the markets to stop rising as they are. However, all I can see is a central banking cartel that passes the buck when the heat gets too hot thus the fraud continues unchecked. The cartel seem to be very much in collusion and I am not sure they can end QE without the painful consequences. Assets and stocks are overvalued, but with ZIRP at unprecedented levels, I have a hard time seeing normality ever in place again. The system has eaten itself alive and those in charge know it, they have no way of winding it all back in and so the continued mirage of stocks and assets is being used to suggest recovery, when in fact the entire system is in a much worse place than last time.

I think banking as a % of GDP stands at something like 450% today and that is with them constantly in the dock and insolvent beyond their frauds. By comparison it was only 150% in 1990. Deregulation and infinite hypothecation has led to some rather outrageous behaviour and 2008 was only a slight unraveling. Instead of dealing with it, they opened another bottle of bubbly and continued to gorge on the rotten carcass of the imperialist economies. They should have gone bust, but now there are no serious penalties for the banking class, it's anyone's guess what comes next.

Economic norms and expectations have a very difficult time in times of unprecedented absurdity. It's anyone's guess where it ends up, but the banks as they stand likely have to go.

The way you explain the economy here is as if it is in total chaos. Can you explain then why it hasn't collapsed yet...

Spot on matey. That will never happen. There's always an excuse why (see my next post). And when we do get some kind of economic collapse in the future Miles will say see, I told you!

[Kirkland Laing]

most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly......................

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary.

Dead right Reggie. I agree entirely. And I've explained concepts like inflation, monetary policy and central banking to you in simple ways that even a Korean English teacher with no idea about economic and finance can understand.

But you didn't learn anything. Your brain seems to be protected from understanding these simple concepts by some kind of nutter force field which only allows hysterical doom death and destruction nonsense into your brain and keeps simple facts and evidence from getting in there.


A while ago you told me you got your information from a website calle d zero hedge. I told you that an article from that site from 2009 went viral in the financial community. I searched my messages and here it is

Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold... Or Else | Zero Hedge

The guy has edited some of the more hysterical stuff out of it since but back in 2009 he was saying that the US bond market was about to blow up and melt the global economy down and all top US finance people had their jets on standby to get out quick before the pitchfork and torches mobs turned up.

And while you are lamenting the death of private debt markets, here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes.......

This part has been heavily edited . It was far more hysterical before. Global meltdown, bankers flying off to their Caribbean hideaways and so on. But obviously it didn't happen. I'm sure you have an explanation why this didn't happen.

[Kirkland Laing]

when given the opportunity to vote for the "Established Candidate" or the "Newbie" the liberals always.....ALWAYS pick the newbie and that's why the Hildebeast wasn't nominated last time. But again you believe what makes you happy ok princess

Elizabeth Warren or perhaps a Castro Twin (Julian or Joaquin) will make a strong run....in the end who knows? If they are beaten out by an establishment candidate there WILL be civil unrest wherever they hold the convention a la Chicago '68.


The Republicans will be out of a heat of: Rand Paul (my pick although he won't win because he's too Libertarian), Chris Christie, Rick Santorum, Ted Cruz (2nd pick), Scott Walker, Rick Perry, Paul Ryan, Dr. Ben Carson would certainly factor big if he runs.

This is causing absolute fury with some of my Republican friends. How dare that bitch say those things about us! Wall Street would bury Hillary and any other candidate with money if Warren did decide to run for 2016. But being seen as the Wall Street candidate would be toxic for Hillary with Democratic voters.

If Warren does run it could get interesting.