Stacy Summary: I guess the faster this collapse happens the faster we get to the bottom. If there is a bottom. And it’s not like some black hole of CDS debt that will crush all that it encounters! What’s on your mind this morning? Have you love bombed the newsroom?
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Die Welt, German news site, claims US bonds, seized in Italy, are REAL. http://is.gd/11GLY
A “median price” is for statistical dummies. It’s essentially meaningless. It should be razed along with the rotting un-developments. Actually, wouldn’t it be better to let the raccoons and coyotes inhabit abandoned un-developments?
I’m with jterror:
We have gone from market atheism to market fundamentalism. (ie. much like religious fundamentalism – superficial rhetoric, playing on fear, but actually doing the opposite from what we say). Theres only one way this can end. Jonestown.
The religious dimension to this crisis bears closer inspection.
@Don: as they say here in the South: “I feel ya”….as more and more ludicrous news is revealed and more and more statistics just don’t compute to the reality that surrounds me…I too wonder about the ‘great escape”…try J.William Engdahl’s recent post for more data:
http://www.rense.com/general86/econn.htm
IMHO the BRIC countries as a group or individually might be a wonderful change of pace to consider as a relocation spot..particularly if you are an investor….getting a work visa might be tricky…I sometimes feel like I’m in a country that is being sucked dry of all of it’s vital life giving fluids…( ala The Predator flics in the scenes where the space alien uses a straw to suck out the brains of his captive)…BUT WORSE!!!
@Max: J. William Engdahl might be an interesting guest !! as always, Richard@lattitude30N
@Richard
I don’t know man. But this plays right along with the Georgia Guide Stones and the global population reduction theory. They have only just begun. I have to wrap my head around the fact that: fascism isn’t on it’s way, it is already here! And all the rest too. Any time a cop can get away with tazering the shit out of some one because, say, he felt like it, well then we are all under that protocol. Because he sets the stage for the “copy cats”
One officer to a group of his peers:
“Hey I wasn’t the first guy who got to tazer an 80 year old woman, but I was the second!! thats got to count for some points, right? am i right?!? Comon’ fuckers!”
(Followed by a series of high fives and the kind of big boy ass slapping that high paying customers get at NFL events.)
My point or my awareness is this: we are already in the mire that is yet to get worse. This is nothing new to you good folks. It seems like I wake up and fall back to sleep each day. I wake up panic “must get the hell outt!!!”Calm my nerves and get busy with what ever project I am on.
Bulldozing homes would make sense if strengthening local economies were in fact not possible and there were no homeless people in America who wanted homes. But strengthening a local economy is always possible, and there are many homeless people in America in want of homes.
This is along the lines of the madness of destroying a prison or hospital because of systemic management problems while building another nearby.
But someone surely does profit.
This continuation of people’s failure to understand and act upon the need to localize their economies is getting more absurd by the day.
@Stacy and @Don: love teepee living…But is the result of your idea/statement akin to financially ” bombing them back into the stoneage” ( by bulldozing the cities) that the likes of the American air force always liked to expound upon??
Ah, visions in my head of wigwams and tipis smoking sweet grass in zigzag wrappings.
This would be a haiku if I knew how-to.
http://www.youtube.com/watch?v=jK0-bOdXIHs&feature=related
@Don – hmmm. I like it too. Actually, I think the wigwam can make a comeback.
@Stacy
“You know what Jesus said…” –Max
Jesus said to “send them your love and that would be like dumping hot coals on to their heads…”
well it all makes sense if you think about it. We bulldoze America turn it back to the wild, let the homeless eat cake and live out of tee pee’s and FEMA (Fu#king Every Mindless American) camps and who ever is left will have to roll their own cigarettes with Zig Zags, and no one will have to worry about saving money or dipping into savings, because we will be hunter gatherers here in the US. Shit, I think I like the globalist plan already!
See it’s a “win win” situation. The field mice and the prairie dogs and the wolves will all rejoice.
I was cleaning out my link stash…
This is an oldy but a goody…
http://online.wsj.com/article/SB122973431525523215.html?mod=todays_us_weekend_journal
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXT58pDbyVa8
Whew!
Everything’s good again!
Its seems its economic recovery talk here in the uk at the mo. perhaps a build up and another drop to suck in a few more punters of there hard earned?
@Ugh:
Thanks for the typo correction. Look what happened in Las Vegas to renters who lost eveything in evictions due to a lack of communication between the owners (who were defaulting) and the renters (who had a contract):
http://globaleconomicanalysis.blogspot.com/2009/05/obama-passes-tenants-bill-of-rights.html
Seems the criminal cabal has decided to dispense with the rule of law. Scary times. The police seem intent on protecting and serving the masters of their pay, bullocks to the police.
My hometown makes news again! Without violence (yet?) this time.
@frances… your statement “The policy will be unduly cruel against poor minorities, imho.” has a typo and another small error in it. I want to help you out so I fixed it for you: The policE will be unduly cruel against poor minorities, imho. The other error is using the future tense with regard to cruelty of any policy in the city as it is already soul-crushing to minority and majority. Which may be where my name is derived from, now that I reflect upon it.
I’ve been reading that China is setting up a derivative trade which could mean that they will be duped later by the Americans. Been searching for the article but couldn’t find it anymore, damn. But I am sure I’ve red it.
What’s on my mind this morning? A very long bs crises sustained by NWO bankers and cock-roaches who do nothing about it (us). So maybe we deserve to die. Maybe I contact the NWO and have an extermination job for me to get rid of all the stupid people. Getting fed up with my fellow human who doesn’t even comprehend what I am saying. They seem to
The physical make up of cities in the US has to be tackled if climate change is to be addressed. The debate is not whether or not this should be done but how it is to be done, ie who has to pay of it. Will it be done on the backs of the poor or will it be done in a progressive way.
Similarly in ireland during the boom the process of suburb expansion was aided by a currupt planning process which enabled vast profits to be made by original landownwers and then by developers who sold new houses at inflated prices.
The debt legacy in terms of broken banks and future public utility servicing of these homes will be enormous and unsustainable. The process of expansion in both countries benefitted the rich, the contraction should not be paid for by the poor.
for the enron scandal. watch “the smartest guys in the room”
see above
hi people
i’m interested in learning about the enron-saga. whilst i don’t want the bs narrative fed to the msm, i equally do not want any completely over-the-top analysis; something ‘truthful’ and recent would be good… can anyone help? with no prior knowledge i find it not easy to disseminate fact from fiction…
@mike
I wouldnt place too much faith in technical analysis at this point. Its obvious that the markets are being significantly tampered with and all semblance of free-markets; risk, traditional price mechanisms etc. has all but vanished.
We have gone from market atheism to market fundamentalism. (ie. much like religious fundamentalism – superficial rhetoric, playing on fear, but actually doing the opposite from what we say). Theres only one way this can end. Jonestown.
I’d say there is all the makings for a massive short covering rally on the dollar. What do you think would happen to Gold and the Pound?
after these rigged elections, please resign from PTV.
Just been listerning to FS & a bloke from Eilot wave was on say they expect the $ to GAIN in value, the $ is now set for a BULL run!!!!
MIke
Stacy!
Good morning, tell Keiser i want to see him!
Pronto!
Mike
@Stacy:
Doesn’t the government bulldozer scenerio have some link to UN mandates for sustainable cities under Agenda 21?
some classics available free online from Mises Institute
James J. Martin’s Men Against the State
Mises’s Planning for Freedom.
Oh, and one more for x-treme monetary theory geeks: The Value of Money by Tjarus Greidanus (1932)
http://blog.mises.org/archives/010130.asp
Morning y’all. John Pilger’s latest. I’ve never seen him so angry in years.
http://www.johnpilger.com/page.asp?partid=536
@Dan – exactly. It’s like with the first Great Depression when they plowed under the crops in order to help the big farmers. We still pay massive subsidies to these industrial farmers 80 years later. I wonder if we will be paying similar subsidies to the likes of Angelo Mozilo in 80 years from now.
The whole thing with bulldozing property is because they dont want wealth to be distributed i.e cheaper property all round and so instead they would rather bulldoze perfectly good homes just so they can consolidate the wealth into whatever property remains and thus maintain a sense of lack so we must all continue to work for a rent…
The bulldozer-city-solution was first reported by the NYTimes. At the time of the NYTimes article, the Obama Administration was not indicated as a driver behind the ‘raze the ghetto’ mentality:
http://www.nytimes.com/2009/04/22/business/22flint.html?scp=1&sq=Flint%20Michigan%20&st=cse
The Telegraph article indirectly quotes: Nobody will be forced to move, said Mr Kildee.
The residents will be forced to leave when the city cuts off all services to the maligned areas: water, sewage, electric, police, ambulance, and infrastructure maintenance.
The policy will be unduly cruel against poor minorities, imho.
@Stacy: “good morning Morgantown”-I always enjoyed Joni’s take on the early morning senses–Regardless, Joseph Stiglitz is waking up the the “grand theft” and so here’s my take:
go Joe go!!!! Will the Ex-World Bank Chief economist become a voice in the darkness??? Without violence how will the oligarchs disassemble and cruise away on their yachts into the sunset?? Maybe Max Keiser’s last question to AJ during the interview a week ago was more to the point than AJ is willing to air publicly? If the speculative derivative market is left intact, then the “game” being played is the ‘pea and shell game’: with the pea being the entire global fiat currency manipulation being transferred from one place to another while the $1200 tr in derivatives are meticulously, with government sanction, returned to the physical universe as an asset class instrument dollar for dollar, euro for euro, yen for yen and yuan for yuan…while placing the burden on the world’s taxpayers for decades to come
The above was placed @ infowars.com comment section in reply to the recent comments by Mr. Stiglitz in Vanity Fair.
All the G-8 and G-20 officials are always going to leave the dance with “the partner that brung them”=the banking oligarchy.
Had hoped to emigrate to Britain as I am a dual national, but I may have to rethink that process. as always, Richard@lattitude30N