Quote :

"QE2 wasn't the training wheels for the bike, it was the fucking wheels. "

5/18/2011

Quote :

"What happens when liquidity vanishes from an overleveraged system? Assets plunge, equity disappears. POOF. Then there you are staring into the abyss holding an empty bag."

5/19/11

Quote :

"Kris, you should have more respect for someone who is trying to help people. Your attempts at humor by making disparaging remarks about me typically fail. Because you can never refute my statements you try to undermine my credibility. That's a common defense mechanism but its not necessary in this case. My advice would be to stop taking things personally, and listen to my advice before its too late. I can lead you to the water but I can't force you to drink. For everyone else's sake and safety please don't attempt to undermine how serious this crisis may become."

6/2/11

Quote :

"Do you have any fucking idea how leveraged our system is right now? Any clue? The Federal Reserve's balance sheet is leveraged at 50x! The banks are about as bloated as they were pre-crisis. Do you know what the fuck is about to happen? Chaos. POOF. Wipeout. When you combine massive leverage and and a liquidity drought you get chaos. Our only option is to proceed with QE3. Otherwise it's fucking lights out, period. Our central planning is playing the role of God here. They can make this market go face down ass up if they want. Do you not get it?"

6/3/11

Quote :

"I don't know when the Fed will announce QE 3. How the hell could I possibly know that? They will do it when stocks start falling rapidly. Stocks will go down as these companies equity approaches zero. "

6/3/11

Quote :

"Right now I'm moving into cash because we are in a deflationary crash in assets. Part 2 is the inflation tsunami when they print the money and devalue the currency"

6/10/2011




And the grandaddy of them all.

Quote :

" Now, QE 2 is coming to an end and I positioned myself for the resuming deflationary asset crash. The stock market is overvalued by a good bit probably at least 20-25% if not more. In this environment the last fucking place I want to be is commodities which could drop twice that if left alone. In a deflationary crash typically you want to be in cash and long term bonds. You want to be as far away from commodities, high beta stocks, etc as possible. In this particular crash you want to be as far away from banks as possible also because they are likely insolvent and I don't know if the political will exists for another round of bailouts (though I certainly wouldn't put it past our government). "

6/10/11

Quote :

" Crying won't help you praying won't do you no good. When the Levee breaks mama you got to move. Going down. Going down now. Going down. Just keep singing that in your head as you witness wealth destruction "

6/13/11

Quote :

" No liquidity with massive leverage. Big things fall hard. There's a reason American bank stocks are getting crushed, it's because ZERO isn't off the table yet for their stocks."

6/17/11

Quote :

" The Europacalypse is here. I don't want to be long when we hit that air pocket to S&p 1,000 (or below...)"

6/19/11

Quote :

" That report yesterday that 50% of money market funds are comprised of European debt is one of the scariest thing's I've ever read. So just where the fuck are we supposed to keep our money in 401k's that don't have gold and silver funds. This is seriously going to be epic."

6/22/11



That's a quick summary of this thread. The only thing missing is everyone trolling me between these posts.

[Edited on August 9, 2011 at 1:24 AM. Reason : a]

8/9/2011 1:16:41 AM

WASHINGTON (Reuters) - As the government grapples to find ways to trim the bloated federal deficit, a new report suggests officials might start with cutting out $16 muffins and $10 cookies.

"We found the Department (of Justice) spent $16 on each of the 250 muffins served at an August 2009 legal conference in Washington," said a DOJ Office of Inspector General report released on Tuesday.

9/21/2011 12:06:43 AM

Think of what a good job they're doing, though. They deserve those muffins.

Really, though...the government is leeching off the people and has managed to convince the vast majority of them that it's for their own good.

9/21/2011 12:14:17 AM

The article says that happened pre-2009, which obama put a stop to excessive spending on foods and event planning.

Another Bush oversight failure, really.

[Edited on September 21, 2011 at 12:37 AM. Reason : .]

9/21/2011 12:37:08 AM

Everytime this thread gets bumped there is an opportunity for new people to be exposed to the warnings, so thank you for moving it to the top. Godspeed.

9/21/2011 7:44:50 PM

9/24/2011 11:49:55 PM

Presenting those numbers as percentages is misleading and makes Reagan look even worse than he was in that regard, and GWB/Obama not nearly as bad as they really warrant.

[Edited on September 25, 2011 at 12:44 AM. Reason : ]

9/25/2011 12:42:31 AM

Quote :

"Presenting those numbers as percentages is misleading and makes Reagan look even worse than he was in that regard, and GWB/Obama not nearly as bad as they really warrant. I refuse to believe the chart because it contradicts the way I feel."

9/25/2011 12:52:06 AM

It's not an issue of what he believes. Perhaps you do not understand how percentages work?

9/25/2011 12:56:00 AM

1 Trillion to 2 Trillion =100% Increase


12 Trillion to 13 Trillion= 8% Increase

That's why it's misleading mate.

9/25/2011 12:57:01 AM

Exactly. I believe it. I just also recognize that it's a confusing, deceptive, and by itself, not very meaningful way to present the data.

9/25/2011 11:57:32 AM

Yes, the graph needs to be redone using debt increased as a percentage of GDP.

9/26/2011 8:15:28 PM

Quote :

"Yes, the graph needs to be redone using debt increased as a percentage of GDP."

This method is fraught with problems. It's merely an indicator of how efficient the economy was working at any given point in time. During great times the government could have heavily borrowed and fueled whatever bubble would have been ongoing. The debt/gdp % increase would have look small compared to times when the government was borrowing while the economy wasn't working well.

9/26/2011 8:54:41 PM

http://www.canada.com/business/Gallery+Countries+with+most+debt/5447642/story.html

9/30/2011 1:45:51 AM