Topic: The Economy is Going to Implode

[Libertas]

Peter Schiff, I love his warnings and I-told-you-so's!

Janet "Capt. Kangaroo in Drag" Yellen - The Bubble Queen:

http://www.zerohedge.com/news/2013-10-17/janet-yellen-exposed-truth-behind-myth-0

This idiot in combination with unlimited debt ceiling granted to Treas/Fed by Congressional surrender-monkeys will assure that our failure truly is gradual and then all of a sudden!!!

Prepare ye, for the hour cometh soon when all shat shall hit fan!!!

ETA - Dollar hit the crapper over night...renewed calls by China to replace the dollar as world reserve currency with their renminbi...lokks like Obama's Cloward-Piven destruction of America model is working too well, eh?  I suppose nobody told Dear Leader that if the US losses world reserve status that his spendaholic days are really numbered!  It's like telling a money-launderer he is stuck with one buyer and the denominations are going Zimbabwean!

http://online.wsj.com/news/articles/SB10001424052702303680404579142850162694282

http://ca.news.yahoo.com/u-averts-default-japan-china-brace-next-dollar-081452483--business.html

Yeah, this is so not going to end well.

Seriously, how we survive the remainder of SCoaMF's reign is beyond me...

[Libertas]

Peter Schiff is right again!

http://www.zerohedge.com/news/2013-10-21/peter-schiff-asks-green-light-gold

There is no taper, no unwinding...the Fed is baxed in and especially so with Yellen waiting in the wings.

There is no sign fo growth and it is getting harder for the kabuki masters to manufacture even sorta plausible happy happy bullsh*t.

There is no sign of fiscal responsiblity in DC and hasn't been any for decades.

And two other things to keep an eye on respecting gold: Inventory levels (especially in GLD holdings) and central bank purchases will be key flags to watch for if the green lijght comes on and stays on for gold.

[Weisshaupt]

Saudis are done

You can bet that if this course continues their backing for the Petrodollar will be done as well.  Seriously, who can doubt the motives of Obama at this point? Alienating the main power in the Middle East we MUST  have on board to maintain reserve status.  There is a lot going on that suggests the End Game is upon  us.  The Mid-Nov date is looking more and more plausible.

[Dan]

Not sure how I feel about this actually...
I know how important the relationship has been and, in many ways, should be, but seriously, short of oil, which we should/could supply ourselves, they only serve themselves by importing radical Islam into small town America.
And if they're so concerned about Syria, why the f**k don't they take some of those billions of defense dollars we send them and handle it themselves?

[Weisshaupt]

Not sure how I feel about this actually...
I know how important the relationship has been and, in many ways, should be, but seriously, short of oil, which we should/could supply ourselves, they only serve themselves by importing radical Islam into small town America.
And if they're so concerned about Syria, why the f**k don't they take some of those billions of defense dollars we send them and handle it themselves?

Because if they stop selling Oil to the Rest of the world in Dollars, then dollars will not be in demand and come back here.  The end of the petro-dollar is the end of the dollar.

[Pandora]

Not sure how I feel about this actually...
I know how important the relationship has been and, in many ways, should be, but seriously, short of oil, which we should/could supply ourselves, they only serve themselves by importing radical Islam into small town America.
And if they're so concerned about Syria, why the f**k don't they take some of those billions of defense dollars we send them and handle it themselves?

Precisely.

This bit stood out:

"'Saudi doesn't want to find itself any longer in a situation where it is dependent.'"

O rly?

"The United States and Saudi Arabia have been allies since the kingdom was declared in 1932, giving Riyadh a powerful military protector and Washington secure oil supplies."

[RickZ]

And if they're so concerned about Syria, why the f**k don't they take some of those billions of defense dollars we send them and handle it themselves?

You can't fight what with the muslim ennui of insh'allah.  But I hear the evil Blackwater is available, and hiring mercs is more the Sowdis style.

I have to say, though, I would be more than happy for the Sowdis to cut diplomatic ties (they haven't done so yet, but are threatening to do it).

Watching the Carny Barker spin that would be damn funny.  Same for Barry.  I mean, he bowed to their friggin' king, FFS.  How dare they dis President Hissy Fit?

I never thought I'd root for any particular Sowdi action, yet here I am, rooting for a severance of diplomatic ties.  It would be one more distraction.  And we need all the friggin' distractions we can get to keep Barry stumbling around like a drunken sailor on leave (without all the charm a drunken sailor on leave has).

[Libertas]

Not sure how I feel about this actually...
I know how important the relationship has been and, in many ways, should be, but seriously, short of oil, which we should/could supply ourselves, they only serve themselves by importing radical Islam into small town America.
And if they're so concerned about Syria, why the f**k don't they take some of those billions of defense dollars we send them and handle it themselves?

Because if they stop selling Oil to the Rest of the world in Dollars, then dollars will not be in demand and come back here.  The end of the petro-dollar is the end of the dollar.

So, Obama & Co's game is a two-fer power-play of ubber-demonic Machiavellian proportions never seen before in the annals of modern human history - the end of the dollar so that a) all debts turn to sh*t and b) America can finally be converted into the fascist state the radical progressives have been longing for?!

Yeah...sadly, I cannot say I am able to reject such a motivation, given who these fricken people are!!!

[Weisshaupt]

And the Rich are out of the pool.

Which means they know the casino is about to belly up. Again, more evidence that November is the Month.  Crap. I am really not ready for that .

 also More on Saudis and Petrodollar...

[Libertas]

And the Rich are out of the pool.

Which means they know the casino is about to belly up. Again, more evidence that November is the Month.  Crap. I am really not ready for that .

 also More on Saudis and Petrodollar...

Yeah.  Equity bubble might be coming, but with "Yellen and Printin' wit both hands!" coming online at the Fed the easy money might prop that up some more...but dollar slams have been often.  And that preto-dollar cannot end, unless the Saud finds a new dance partner with a military at its disposal and a thirst for its black gold...but China seems to fit the bill, so keep an eye on those two!  With their gold reserves China and its renminbi could be the next reserve currency.

[Weisshaupt]

but China seems to fit the bill, so keep an eye on those two!  With their gold reserves China and its renminbi could be the next reserve currency.

The US is a net exporter of Oil. So why do we buy it from the Saudis? This is why.  This is why Obama had to try to take the US into  a war with Syria. And this is why, in a few months or maybe a few years, there will be an announcement that OPEC will now accept Yuan/Renminbi  - which will be backed partially (10% of value maybe)  by a  basket of Gold, Silver, Rare Earths and OPEC Oil.  All China has to do to get the reserve at this point is offer a better deal than the US.   Saudi Arabia will then, of course, wage a covert war in Syria using Chinese troops and weapons.  WE won't hear much about it in the US of course, because we will be too busy with a Civil War and a famine to care.  Go Leftists. Go get your free lunch... while it lasts.

[Libertas]

but China seems to fit the bill, so keep an eye on those two!  With their gold reserves China and its renminbi could be the next reserve currency.

The US is a net exporter of Oil. So why do we buy it from the Saudis? This is why.  This is why Obama had to try to take the US into  a war with Syria. And this is why, in a few months or maybe a few years, there will be an announcement that OPEC will now accept Yuan/Renminbi  - which will be backed partially (10% of value maybe)  by a  basket of Gold, Silver, Rare Earths and OPEC Oil.  All China has to do to get the reserve at this point is offer a better deal than the US.   Saudi Arabia will then, of course, wage a covert war in Syria using Chinese troops and weapons.  WE won't hear much about it in the US of course, because we will be too busy with a Civil War and a famine to care.  Go Leftists. Go get your free lunch... while it lasts.

I'm looking for a flaw in this but I can't...all I can do is quibble over the "when"...which will likely be when the ChiComs are damn well ready...might be one Neo-Keynesian beat-down of gold away...load up on more cheap wealth courtesy of your suicidal foe...maybe finish their string off pearls to secure oil shipping lanes...cut the deal with the Saudi's and Shazamm!  They're Numero Uno!

Damn, that looks pretty easy to pull off too!

You would think the Illuminati in the Regime (if they really exist) see this too...so either they don't exist, or they are already booking their suites in Beijing, because if they wanted to see America survive and remain the sole superpower...well, no way in heck would they have let 0'Zer0 get the Big Chair!!!

[Libertas]

The Fed is boxed in...all their own doing...I get a chuckle out of people when they talk about "not tapering" will be harmful!  What a joke, these clowns can only keep printing and shoring up debt with purchases...otherwise their parasitical ruling class elites will be starved of blood and sack the fools who stopped the raping and pillaging.

http://www.zerohedge.com/news/2013-11-12/former-fed-quantitative-easer-confesses-aplogizes-i-can-only-say-im-sorry-america

Bubblelicious...keep blowing, that'll work!

[Libertas]

If this trend continues it is going to be harder for progressives to spend like drunken dictators without the Fed monetizing more paper and expediting the fiat crash!!!

http://www.zerohedge.com/news/2013-11-18/foreign-purchases-us-securities-drop-new-post-lehman-low

[warpmine]

If this trend continues it is going to be harder for progressives to spend like drunken dictators without the Fed monetizing more paper and expediting the fiat crash!!!

http://www.zerohedge.com/news/2013-11-18/foreign-purchases-us-securities-drop-new-post-lehman-low

See, you did find a bright side to this shyt.

[Libertas]

If this trend continues it is going to be harder for progressives to spend like drunken dictators without the Fed monetizing more paper and expediting the fiat crash!!!

http://www.zerohedge.com/news/2013-11-18/foreign-purchases-us-securities-drop-new-post-lehman-low

See, you did find a bright side to this shyt.

Aye, plan accordingly, the shyt should hit the fan sooner than we think.

More proof?

How's this...first part of FY'14 and poof, another trillion in new debt!

http://cnsnews.com/news/article/terence-p-jeffrey/treasury-forced-issue-1t-new-debt-first-6-weeks-fy14

Now, remember...raising the debt ceiling will not increase our de...umm...ahh...strike that!

[Weisshaupt]

Now, remember...raising the debt ceiling will not increase our de...umm...ahh...strike that!

No its true. Raising the debt limit will not raise our debt.  I have Credit Cards with ceilings higher than I would ever possibly need. I do not acquire more debt. Raising the debt ceiling will not create more debt.  Giving control of the spending to self-serving, narcissistic, hateful, arrogant,  elitist lefties like Borat will.

Its true in the same way that it is the insurance companies cancelling their polices -- the fact that  self-serving, narcissistic, hateful, arrogant,  elitist lefties are coercing  such behavior through  regulations doesn't matter you see.


 

[Weisshaupt]

Banks planned to make SS payments?

I know for a fact some banks actually refused to release funds from some of these accounts during the shutdown..  but say its true.. What then is the difference between the treasury and these big Crony banks in league with the FED?   If the treasury won't pay the bills, then the banks will using loans directly from the Fed?
Really? THAT is the plan to extend and pretend this? Will we pay taxes directly to the banks too?

[Libertas]

Now, remember...raising the debt ceiling will not increase our de...umm...ahh...strike that!

No its true. Raising the debt limit will not raise our debt.  I have Credit Cards with ceilings higher than I would ever possibly need. I do not acquire more debt. Raising the debt ceiling will not create more debt.  Giving control of the spending to self-serving, narcissistic, hateful, arrogant,  elitist lefties like Borat will.

Its true in the same way that it is the insurance companies cancelling their polices -- the fact that  self-serving, narcissistic, hateful, arrogant,  elitist lefties are coercing  such behavior through  regulations doesn't matter you see.


 

The wink-and-nod inside-the-beltway speak is one thing, reality quite another...I just hope I get to personally witness some of these perpetrators and enablers getting their just reward.

[Libertas]

Banks planned to make SS payments?

I know for a fact some banks actually refused to release funds from some of these accounts during the shutdown..  but say its true.. What then is the difference between the treasury and these big Crony banks in league with the FED?   If the treasury won't pay the bills, then the banks will using loans directly from the Fed?
Really? THAT is the plan to extend and pretend this? Will we pay taxes directly to the banks too?

We were not meant to peek behind this curtain...pretty much speaks to the worst fears of the rabidly anti-Fed anti-Treasury anti-WallSt anti-Bank zealots at ZeroHedge, and in this respect the wicked cabal is exposed for all to see and they can justly proclaim "See, I told you so!".

This is a nightmare in scope, besides the obvious it also gives the elite a voice in picking winners and losers come a crisis...but I think they unwittingly would seal their own fate in an extended crisis...unless their Fedcoat allies agree to roll in armed personnel, how could peace be maintained (even the fleeting appearance of peace!) and hoped to be contained from spreading?  I think these clowns just stepped on their own dicks and guaranteed a little crisis can become a great big fugly one.

Bring it!