Huge Benghazi bombshell -- Obama actually in trouble now

[El Kabong]

If Warren does run it could get interesting.

Yeah then we could have our first Woman AND "Native American" in the White House. I figured you'd be hot on Fauxcahontas

[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...

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!

Geeze, I'm glad you're still ol' Mr. Infallible. I though age might have slowed you down these days.

[pacfan]

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.

The answer is pretty simple. When the economy collapsed, it still left most of its capacity intact or to put it simply, it just led to a slack. Just pump in some money, and it will start rolling again and the slack taken up, and no amount of me or anyone else crying about possilble doom won't stop that process, fortunately or unfortunately, whatever your political affiliation.

[Kirkland Laing]

If Warren does run it could get interesting.

Yeah then we could have our first Woman AND "Native American" in the White House. I figured you'd be hot on Fauxcahontas

She wants to prevent huge taxpayer bailouts of the banks in future and also stop Wall Street apparatchiks running the Treasury and running it the way the banks want.

That seems to me to be exaclty what the Tea Party wanted back in 2008. I'm guessing 99% of Americans would agree with her.

I'd love to see somebody saying the things she does get elected prez. The problem is I don't think they could get elected prez saying those things and I don't believe Warren is actually sincere. I'd love to be finally wrong about something and see her run for office, beat Hillary and then win the election.

[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.

The answer is pretty simple. When the economy collapsed, it still left most of its capacity intact or to put it simply, it just led to a slack. Just pump in some money, and it will start rolling again and the slack taken up, and no amount of me or anyone else crying about possilble doom won't stop that process, fortunately or unfortunately, whatever your political affiliation.

Redistribution of wealth too mate. Otherwise the money you pump in just ends up with the top one percent and you gwet the same old bubble and crash scenario.

I know, I know, I'm a broken record.

[El Kabong]

She wants to prevent huge taxpayer bailouts of the banks in future and also stop Wall Street apparatchiks running the Treasury and running it the way the banks want.

That seems to me to be exaclty what the Tea Party wanted back in 2008. I'm guessing 99% of Americans would agree with her.

I'd love to see somebody saying the things she does get elected prez. The problem is I don't think they could get elected prez saying those things and I don't believe Warren is actually sincere. I'd love to be finally wrong about something and see her run for office, beat Hillary and then win the election.

Her stance on taxpayer bailouts is nice....the problem is that it isn't her ONLY political view.



She's a socialist cunt, kind of like you Kirk

[Kirkland Laing]

She wants to prevent huge taxpayer bailouts of the banks in future and also stop Wall Street apparatchiks running the Treasury and running it the way the banks want.

That seems to me to be exaclty what the Tea Party wanted back in 2008. I'm guessing 99% of Americans would agree with her.

I'd love to see somebody saying the things she does get elected prez. The problem is I don't think they could get elected prez saying those things and I don't believe Warren is actually sincere. I'd love to be finally wrong about something and see her run for office, beat Hillary and then win the election.

Her stance on taxpayer bailouts is nice....the problem is that it isn't her ONLY political view.



She's a socialist cunt, kind of like you Kirk

I am a cunt but I'd have trouble qualifying as a socialist. Tomorrow I'm off to the socialist workers paradise of Bermuda where I'm going to spend a few weeks sitting on top of my Christmas tree.




Have a nice time wherever the fuck it is you are. Merry Christmas everybody.

[El Kabong]

I am a cunt

Glad we agree...Merry Christmas

[El Kabong]

....mmmm and that's David Axelrod saying that

“What happened in 2008 was that Hillary’s candidacy got out in front of any rationale for it,” Axelrod said.


Damn man....does that sting Kirk? Or are you still #readyforHillary?

[El Kabong]

Attkisson: Earnest Personally Hiding Obama Benghazi Night Photos - Breitbart


.....yuuuup nothing to hide of course

[pacfan]

She wants to prevent huge taxpayer bailouts of the banks in future and also stop Wall Street apparatchiks running the Treasury and running it the way the banks want.

That seems to me to be exaclty what the Tea Party wanted back in 2008. I'm guessing 99% of Americans would agree with her.

I'd love to see somebody saying the things she does get elected prez. The problem is I don't think they could get elected prez saying those things and I don't believe Warren is actually sincere. I'd love to be finally wrong about something and see her run for office, beat Hillary and then win the election.

Her stance on taxpayer bailouts is nice....the problem is that it isn't her ONLY political view.


She's a socialist cunt, kind of like you Kirk

I am a cunt but I'd have trouble qualifying as a socialist. Tomorrow I'm off to the socialist workers paradise of Bermuda where I'm going to spend a few weeks sitting on top of my Christmas tree.


Have a nice time wherever the fuck it is you are. Merry Christmas everybody.

I've told you folks that it's almost useless to talk about socialist ideals with americans. They know of only two political system - the capitalist run democracy and... the rest are all reds, no in-betweens.

[pacfan]

If Warren does run it could get interesting.

I read about her voting GOP in her earlier days, then started voting for Democrats because as she explains it, 'they were wrong,' then, started voting for both. That's what I call political maturity. I've been advocating this for long time now, I mean people should not be stuck with any political party but instead, they should vote for whatever in their own independent mind that is right, regardless of political party affiliation or party ideals. Otherwise you'll become a pathetic political party slave and puppet and start to look like one as well. But don't get me wrong, I'm not endorsing her as president. I hate endorsing politicians because most of the time, I'm stuck with two evils and have difficult time looking for a lesser one.

It's time for all of us to use our own mind and not let political parties run our minds. I didn't mean you though, Kirk, how dare does anyone tell that to you, you're the ol' Mr. Inffalible.

[Master]

The economy is doing really well in the US all thanks to Obama and the cheap oil.