Dollar on the Rise, Ireland & Greece on the way Out?

Stacy Summary:  They might be unemployed by damn consumers feel good!  Yeeha!

Dollar goes up on consumer sentiment

Could be that they are happy that their personal balance sheets are in such good order . . .

Household debt / disposable income

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108 Responses to Dollar on the Rise, Ireland & Greece on the way Out?

  1. The sooner Ireland extracates it’s self from both Euro and Crippling EU elite regulation the better. rebrand as the first Transition Nation, ephasising Green technology, rebulding decimated agriculture and fishing industries, as well as a huge supply of water that will become exportable. the only reason we cling is so our Politicians can have EU Political Career jobs when they are voted out of the Dail.

  2. @harry_w

    Yeah, ahahahahahahhh! verry funny indeed. I’ve talked with Fins on some blogs and Skype an I must say these conversations are diffirent from any other round the globe. They have a tendency to keep their anwers extremely short and the use of too many adjectivs towards the Fin man or woman will be punished immediately with an answer which makes you feel stupid.

    I think for Hakkinen, the famous F1 Racecar driver, the most difficult part of his job is not the racing but the interviews.

    Can’t help myself to quote some from your link cause it’s too funny not to! : http://www.ilmatar.net/~np/misc/foreigners_guide_to_finland.html#basics

    Behaviour
    Finns talk as little as possible. Rarely they touch anyone, shaking hands is the most anyone will ever do. Unless drunk, of course. Whenever there is a big meeting, where a lot of people freely mix together, there are usually no formal introductions. People might have name badges. Foreigners are sometimes treated exceptionally, and, actually, introduced to Finns!

    The usual way to introduce a foreigner is to do it in front of everyone, so that Finns wouldn’t have to touch the foreigner or to talk him/her in person. However, if the introduction is personal, the finns reluctantly shake hands and “say” their name – the custom is to quietly mumble something like “hhmnumh hnmuhmnhh”. Ignore what the Finn says and look at the name badge instead.

    Nudity in public
    Unlike in US, for example, public nudity is perfectly normal in Finland. No one will stare at you, and no one is embarrassed, if you are nude. In the summer there are music festivals. People show how much fun they have by taking their clothes off. Typically, girls take their tops off first, then boys start to follow, and finally, there can be thousands of people dancing naked.

    Talking to finns

    Watch out for drunk Finnish men, though – they will think you are a “homo” or something and go berserk. Or, if you are a woman, they’ll think you are interested.

    Finnish people want to keep distance to people they are talking with. Depending on the situation, Finns’ personal space is from one to two metres (that is, about 3′ to 6′), at the very least. There is one situation in which Finnish people do talk, get close, and look into others’ eyes. That is when they are drunk.

    There are just a few subjects which should be avoided when talking with Finns. Ice hockey is one. Most Finns are fanatical ice hockey fans, and if you bring the subject up, you will be bored to death by their ice hockey talk. The rest of Finns hate ice hockey. One subject to avoid – when talking to Finnish men – is the army. Almost all Finnish men serve in the army, because it is required by law. Finnish men’s army memories will quickly bore you to death!

  3. @ Youri,

    You’re right about Irish scepticism, and I suspect that Irish guy was right about the Finns being a little crazy.
    My Finnish colleague sings in the afternoon when she gets a little over-tired. And she is a demon for drink. :P

    Very funny:
    http://www.ilmatar.net/~np/misc/foreigners_guide_to_finland.html

  4. Talki’n lonely wolf here about Greece and Ireland. Happ’n to be speak’n to some Irish folks. One of them actually worked in Stockholm Sweden, Luckky basterd. And “The most beatifull women” acoording to Lucky. “The Norwegians are more arrogant than the Swedish”, he said. The nmessed up my Greece vacation once. The rumour was that the Norwegian where expelled from business with the Hotel, which the Norwegians messes up.

    “The Finish are the most crazy dudes”, the Irish dude said, which I think is cute.

    Bottum Up Line: The Irish dudes are not stupid and are used to hear the BS propaganda fromt heir gov.. They are survivulist’s and go to work in “europe”!?

  5. Billions in the trash: Swine flu drug scandal in Ukraine
    http://www.youtube.com/watch?v=gh3jlPHZyS0

    Tamiflu is a very dangerous “Horse Flu” mecication. It was not specificly designed to combat H1N1. It completely messes up your imune system and can be very dangerous which have been proven in the show cases including virus Tamiflu resistants.

    The danger of this flu is that if you are not able to kill it in one blow, it get’s stronger and stronger while the competition “Normal Variant” H1N1 is killed off.

    I thinki Henry L Niman, PhD makes a fair to thibka about case which seriously has to be examined into. http://www.recombinomics.com/whats_new.html

  6. Simply Red – Money’s Too Tight (To Mention)_Original Release: http://www.youtube.com/watch?v=DrUB0g8Vjgg

    Audiosurf | Alex Gaudino Vs Simply Red – Moneys Too Tight (To Mention) 09 (Club Mix) http://www.youtube.com/watch?v=nvcWhT7iln8

  7. @Dedo:
    I don’t believe we learn how to feel, but we feel how to learn.

  8. child with no comprehension, learns how to feel by comparison,…or do you know more than most?

    Goodness, Dedo! Of course not!

    My TAKE is that feeling is something we little understand and it is not developed by social contact but is relative to how we understand and manipulate reality. I am speaking from the poet’s stance, of course. Here’s a cool quote:

    “To be a poet is to have a soul so quick to discern that no shade of quality escapes it, and so quick to feel, that discernment is but a hand playing the finely-ordered variety on the chords of emotion– a soul in which knowledge passes instantaneously into feeling, and feeling flashes back as a new organ of knowledge…” (Middlemarch, George Eliot pg143)

    Do you believe in the soul, Dedo? Are feelings of the mind or of the soul? Can science declare the answer?

    Do we ignore and castrate feeling in favor of cold reason? Is not this the definition of clear-eyed reason?

    Obama is clear-eyed, but he is human yet. I believe he has soul, he has bound it, but not severed the link to feeling yet.

    These are all personal understandings, Dedo, and I don’t believe the term psychopath is privy to any understanding save the understanding of clarity of control.

  9. My Take on the economical situation at the moment! You can see clearly a de-leveraging of Credit Households. We still have to face a severe de-leveraging of “household”mortgages after what we allready had, beside the Real Estate, which is lagging in time after the private estate de-leverage.

    It’s still a shame to see that the banks are undercapitilized despite huge God like bonusses and thus not lending to the real economy which is the case since October 2008 shamelessly.

    Getting free taxpayers and robbed pension money and making a very easy profit isn’t realy difficult at all, a mental deformed from Gods hands created monkey would do better in the silly Gamblin Game. But one supose’nt to be an Gamblin Man if to help world’s economy, it’s much too precious for that particular purpose.

    While still the banks arn’t even entirely de-leveraged while feeding on the de-levraging of the real creditcard economy. While the dollar is getting very cheap the “real” money is hard to get and expensive as result of the credit tightening crunch. Money’s tight to mention because the dollar is devaluating day by day while dismissing future inflation in banking sharks high velocity steelin also in the oil futures which doesn’t profit world’s economy either. Also credit households are punished with extreme rates which absurdity hasn’t sunk in fully yet in the American adicted consumer. Money in the real world has become very expensive. The banks know this and hoard their assets to sit on it till the next double whammy Tsunami, The second Leg” as Max Keiser portraits the whole mayhem.

    It’s a rather utterly ugly display all together.

  10. This is pathetic!

    Ah well.. capital flight 101 leaving, please take your seat!

  11. @Frances,…child with no comprehension, learns how to feel by comparison,…or do you know more than most?

  12. WELL, Yes Youri! The baby is green (recycling redneck water) the cow is greener (two co2expellers one body) and the tree….

    Golly! Wishin’ them bottles was full!

  13. @Dedo:
    What child is borne to the world without feeling? Feeling is deadened by cruelty and the necessity of cruel choice, by greed, by all the venial characters that seem the easy path to gain. Are we to assign genetics now to feeling?

  14. Chart of Gov’s Flawed & Overrepresented Household NetWorth: A Stunning $2.1 Trill Revision Down In Just 1Q http://tinyurl.com/yeluctn

  15. @Frances,…the psychopath has no feeling of the matter,.but we can learn from all walks, surely?
    What is an experience, unless it is utilized!,.who are we, unless we realize,…huh

  16. Factor 1
    Aggressive narcissism
    Glibness/superficial charm
    Grandiose sense of self-worth
    Pathological lying
    Cunning/manipulative
    Lack of remorse or guilt
    Emotionally shallow
    Callous/lack of empathy
    Failure to accept responsibility for own actions

    This sounds like Obama to me. It is the declarative assumption of psychopathy.

    http://en.wikipedia.org/wiki/Psychopathy

    What happens if all people can be psychopaths if they choose to be psychopaths? How do we ‘separate’ the wheat from the chaff?

  17. @Dedo:
    ?
    We all assume a lot. If we didn’t we would sit in a chair and wonder.

    I wonder what makes you agree with me and then call people names according to the subjective declaration of what constitutes psychopathy. You do know the state will use the weapon of ‘social illness’ to rid society of ‘defectives’.

    That is the ultimate sifting.

  18. @Frances,..you seem to assume much,.
    if it works for you,..let it be,..if not,..do your will,..: )

  19. @Dedo:
    Yes!
    And since my substance doesn’t require a sifting action regarding other people’s substance (what you are designating as wheat and chaff is just an assignment by your subjective intellect for a nominal classification for writers) I prefer to leave the grain to ripen naturally into a field of wheat.

    I look at literature (the works) as appealing or not appealing to me. Rand is appealing, but not to me.

    She’s allows trite to dominate over passion. She must have been very conscious of her own place in social groups.

  20. @harry,….when I communicate with folk who short cut their thinking with generalizations,…I seem to nod off,.zzz,..
    forgive me,…for I’ve a head that aches,….: (

  21. @Frances,..exactly,..; )

  22. @ Dedo,

    “…try and sort the wheat from the chaff,..it will help with your prejudice”

    I already do, Rand is chaff — it’s like Holden Cauldfield writing on economics.

  23. Juliet:
    “What’s in a name? That which we call a rose
    By any other name would smell as sweet.”

    Romeo and Juliet (II, ii, 1-2) Shakespeare

  24. @Dedo:
    Nominal definitions defer substance for denial.

  25. @Frances,… denial is no determinant of self,..: )

  26. @Dedo:
    I’m not a baker.

  27. @harry,……try and sort the wheat from the chaff,..it will help with your prejudice !,..?,.maybe
    same wif Frances

  28. @ Dedo,

    Here’s another excerpt, courtesy of Ayn Rand

    Ayn Rand is adolescent twaddle, fantasy and pseudo prophesy.

    Greenspan was one of her groupies for years, before muffling his prejudices to get on in politics.

    The article frances linked to is substantially correct.

    Sociopathy on the Right: Ayn Rand and the Triumph of Conservative Cultism
    by Tim Wise
    September 14, 2009, 9:17 pm
    “…Far from a simple believer in limited government and a free market economy, Rand’s philosophy–now being endorsed by tea party protesters and anti-Obama minions across the nation (indeed the Ayn Rand Center for Individual Rights was among the sponsors of the 9/12 march on Washington)–was predicated on one overarching notion: that a commitment to selfishness and a rejection of altruistic behavior were the height of morality. …”

    “… This is what the right is coming to. This is what they really mean when they call themselves “values voters.” The values of which they speak, far from being “Christian,” and far from being rooted in concern for the country, are–at least for many–firmly grounded in selfishness, applied narcissism and operationalized, organizational sociopathy. That they would seek to make a hero of Rand, and forge a movement based even in part on her thinking is all the evidence one should need that the patients are running the asylum known as the American right. Only, their kind of craziness is not nearly as sympathetic as that displayed by the typical person suffering from mental illness. Theirs is a special kind of crazy, not organic as is the case with so much mental illness, but rather, rooted in anti-social, almost cult-like propaganda.”

  29. @ Rian Orr,

    Ireland leave the Euro?
    They may get kicked out but they will never leave voluntarily.
    It would take a seismic shift to separate the corporate elite from the Euro project.

    You’re right. It doesn’t help that Ireland shares a border with the devaluing UK, which operates its own currency inside the single market.

    Perhaps the EU will have to move to federal currencies, or else Ireland (like Greece and Spain) will be put on the rack.

    A relatively light lecture from the Irish media economist of the day, who argues against Ireland keeping itself on the €uro-rack (same would apply to Greece I suppose):
    Authors@Google: David McWilliams

    He’s bright, but lays on the blarney a bit thick. Excellent impression of the City boys though. :D

  30. @ frances – Whoa. Can’t wait to see the pictures of the “meat.”

    Can’t wait to see the pics of Coke being shamed at Copenhagen, either . . . the Yes Men have struck again, and apparently have used the 65-foot tall Hopenhagen globe to project their message about Coke and its theft of water!!

    Check it out: http://www.grist.org/article/2009-12-11-yes-men-take-on-coke-in-copenhagen/

    ;-)

  31. Confronting High Risk and Banks

    “The purpose of financial reporting is to convey the results of the company. It is not to assure the company stays around.”

    -Sandra Peters, the director of financial reporting for the CFA Institute, an investor advocacy group.

    Is anyone listening.

    http://www.nytimes.com/2009/12/11/business/economy/11norris.html?_r=1

  32. Phil, I like Adam Hamilton but he has one of the biggest mouths in the trade and rambles on and on to no effect. Plus he is often buying gold and miners very high from what I remember and then riding around on the rollercoaster.

    Beware of CPAs who sell newsletters.

  33. @ Ayn Rand

    When did you study under Edward Bernays???

  34. @ Dante

    Shows you how screwed up things are.
    I think the solution is a debt forgiveness(maybe 30-40%) for home owners.

    And no I did not buy into the BS so I would not benefit directly from this. I would benefit from the real stability that would come out of it though.

  35. @Y’all
    yeah… g’night john boy… spewed out… and repeated over and over again the same old tedious, deadly dull boring episode repeated and repeated…. The Waltons… every night The Waltons!!!

  36. @Dedo:
    Here’s an interesting take on Ayn Rand: an author who insists it is Rand that induces sociopathy!

    http://www.redroom.com/blog/tim-wise/sociopathy-right-ayn-rand-and-triumph-conservative-cultism

    (mind you I’m not in agreement with the author)

  37. “When you see that trading is done not by consent but by compulsion – when you see that in order to produce you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal not in goods but in favors – when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – then you will know that your society is doomed.”

    We’ve been doomed ever since the buckle-shoed men built that wall on Long Island and called it a Dutch interest.

  38. @Gordo…I just can’t believe he has th b—’s to say that given what is going on with the banks.

  39. @Dedo:
    Oh.

    Well, I only told you what I agreed with and didn’t agree with concerning money.
    I get spooked when someone mentions virtue: Ayn Rand’s

    Money is the barometer of society’s virtue.

    Could really apply at any time in any place on the planet where man ties labor to ‘money’ whether it be gold, shells, beads, or paper. And I don’t know that the money barometer really changed much. Seems to me that the problem was that those who were in control lost power (white middle class) and so saw a barometer shift. But those of color perhaps thought differently as time progressed into the 21century. Money/capital labor requires a subjugated class, right?

    Any tie to money of a metaphysical nature is a perception only, in my opinion.

  40. Just watching roght now …

    On the Edge with Max Keiser – 11 December 2009

    http://www.youtube.com/watch?v=hjgDcYZ2Ins&feature=sub

    On the Edge with Max Keiser . . . and William K. Black (2/3)

    http://www.youtube.com/watch?v=Yk2Yugp0ANQ&feature=sub

    On the Edge with Max Keiser . . . and William K. Black (3/3

    http://www.youtube.com/watch?v=l1xo3xV2ypY&feature=sub

  41. @Richard@lattitude30N .. 150$/m. rentals

    Was a short dream while it lasted !
    ;-)

    It wouldn’t have made sense anyway, what with the US$ inflation ( despite RE collapsing ).

  42. @Frances,.”society is corrupt as a rule”,…

    Nah, just some individuals, I would suggest. : )
    Allowing a psychopath to lead, will create sociopathic behavior in the followers.

  43. @ Dante

    Rep. Bob Goodlatte, a Republican, argued many would seek bankruptcy help simply because their homes were mortgaged for more than they are worth.

    “These borrowers should live with responsibility for their decisions, not receive bailouts from bankruptcy court,” he said.

    The only good Republican is a …. one.

  44. Ireland leave the Euro?
    They may get kicked out but they will never leave voluntarily.
    It would take a seismic shift to separate the corporate elite
    from the Euro project.

    With Iceland on their west they will cling to nurse for fear of worse.

  45. Richard@lattitude30N

    @frances snoot & @ Phil: well, well, well….yes Phil the RE market has yet to reach the bottom ( My daughter has a ground floor corner 2/1 in Deerfield Beach she would gladly sell for loan value or aprox. $68,000.00( other nearby senior citizen locales are going for $30,000-$40,000 )…and yes frances snoot: the heist will bankrupt the florida counties and cities…the Lehrman heist that temporarily closed the state administered tax fund was a mere foreshadowing of the current events( $2 b was lost in the sub-prime derivative losses )….and the way the county property appraisers statewide reassessed the taxes at the top of the RE market( 2005-2007) are all facing shortfalls…and yes..the pensions are almost rock bottom…and of course the multiple percentage of unemployed here may accept ever decreasing wages…as well as the now awaited Obamacare health plan and soon the Cap and Trade tax scheme…Phil every time Obama speaks it’s another$1 trillion and every time congress votes it’s another $1 trillion in taxes….so on and on we go….I see a silver backed barter system replacing local economies once dependent on the FRN…Here in Florida I am the currency trade coordinator for AOCS….the heist continues and yes the price of that condo was listed as $150,000…not a real deal…there are 32 story condo buildings on the Florida west Coast that have only one resident…minimal services…and you may have to walk to the ground floor too…I have just moved to our families country property ….the economics are abysmal…the temps went into the 30′s last night while the rest of the NE are facing snow and icy roads…so the solution is being worked on..sorry you thought you could get a rental in SOBE for $150/month…my daughter rents for $900 ( and not a gated community either)…be well

  46. I guess you could make the same argument regarding bank balance sheets…

    House kills mortgage relief in Wall Street bill

    Rep. Bob Goodlatte, a Republican, argued many would seek bankruptcy help simply because their homes were mortgaged for more than they are worth.

    “These borrowers should live with responsibility for their decisions, not receive bailouts from bankruptcy court,” he said.

    http://tinyurl.com/ye9q4zq

  47. Dedo:
    But I thought you were of the mind that society is inherently corrupt as a rule?

    Heh, Stella wants to offer you this here con-trap-shun. She says it ain’t cheap, seein’ as she an Cleetus done fixer-upper-fur-ya. And ya can shimmy all round here with it!

    http://www.roadcycling.com/artman/uploads/6_redneck_rv.jpg

  48. @Y’all
    g’night john boy!!!

  49. Here’s another excerpt, courtesy of Ayn Rand:

    Do you want to know whether that day is coming? Watch money. Money is the barometer of society’s virtue. When you see that trading is done not by consent but by compulsion – when you see that in order to produce you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal not in goods but in favors – when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – then you will know that your society is doomed.

    I thought it quite apt ! : (

  50. You want to buy some metaphysical property in the Florida country, Dedo? The land speaks to one of sublime pleasure and skeeters.

    zzzzz zzzzzz zzzzzzz

    see!

  51. @Y’all
    so many channels… but all you get is that same episode of The Waltons… on all the frikkin’ time!!!

  52. BECAUSE I SAY SO.

  53. @Frances,.I don’t think we can assign money a metaphysical quality at all.

    Why not?

  54. @ JON STEWART

    Seriously, how many individuals in the US were buying gold a few weeks ago? I’m sure there were more scrap sellers then bullion buyers.

    Its amazing how people can miss the point that the price changes not just based on sale volume, but also the dollar’s value at the time. And when there is a large spike, it isn’t because a few people just sold/bought 30oz….

    How much of the recent sell-off was paper? I just got my silver order in — it was suppose to be all from the same mint/style – brandnew. It took forever to get from APMEX and 90% of them are random mints/styles – mainly 1980′s fundraiser/holiday coins…

    Side note: I can no longer watch The Daily Show – its enjoyable if you know what is going on. It hurts when you realize that others have zero clue and are going to base their opinion on Jon’s comical wit and a 20-sec summary of events. Thats not to say I’m an avid Glen-inite – but at least he gives research ‘roadmaps’ and highlights the severity.

  55. @Mep:
    Here’s a Christmas tree I’d like to buy!

    http://www.lilligren.com/Redneck/images/redneck_christmas_tree_5.jpg

  56. Dedo:
    That man dressed like Aladdin-teen-idol had the worst sound I’ve heard in awhile.
    Thanks!

  57. I read that somewhere!,..: )

  58. @Frances,…Just wait ’till there’s blood on the streets,.and then buy,buy,by baby, baby
    http://www.youtube.com/watch?v=yUwW108ITzw

  59. GLD Conspiracy Theories
    Adam Hamilton December 11, 2009

    http://www.zealllc.com/2009/gldcons.htm

  60. @ frances – Thinking about getting a tree tonight . . . I am strangely giddy about Xmas, b/c it feels really good to withdraw even further from the consumption side of it all. I always feel so stressed around the holidays; not this year.

  61. @Phil:
    But I’ll sell if you twist my arm.

  62. Still more reverse repo’s today. This time testing MBS as collateral which has never been done before. Soon they will be using “Porky Pig Backed Securities” to support the bond market.

    Still driving down gold and oil and reversing the carry trade with the dollar goind up.

    http://www.zerohedge.com/article/first-reverse-repo-agency-collateral-conducated

  63. Phil:
    There will be NO jobs in Florida in about six months. The tax base is based on property tax; there’s no personal income tax. The cronies have a cushy corporate tax heaven here. No services, no schools, capandtrade electric prices, taxing authority tyranny–it’s not a pretty postcard really.

    Counties look set to go bankrupt also. OH, and Bush/Crist cleaned out the state coffers for JPMorgan Chase.

    We also have a large elderly fixed-income population which look set to lose everything: pensions are all ponzi in USA.

    I think you’d like it if you were a cocaine runner with .gov connections. Or maybe you could open a nudist camp for German businessmen and promise them hot-Florida chicks as fellow-guests. I’d settle for an island location with a drawbridge.

  64. @frances snoot … Anybody that buys property in Florida right now is mentally unstable.

    Well, certainly not for 150K$ I suppose.
    Otherwise, there are some very nice areas in Miami, Ft. Lauderdale etc.
    Or at least, there used to be !

  65. @Mep:
    You’re right about Christmas.

  66. But I’ll sell if you twist my arm.

  67. This feels weird I’m so used to fighting the tape.
    Deflation wins!

  68. Anybody that buys property in Florida right now is mentally unstable.
    ;)

  69. @frances … OK, I’ll look again.

    BTW .. “Service Unavailable” right now , their Website is maybe on overload ?
    … Did too many people here click on that link all at once ?
    ;-)

  70. @ pigdog – I’ve yet to purchase one Christmas card or gift. Feeling pretty confident about my purchases so far. ;-)

  71. Phil:
    I’m not reading 150/month, but 150k. There’s no way it’s 150/month. The association fee is 450/month.

    Maybe you need glasses?

  72. Another bankers hate animals story:

    http://www.projo.com/news/content/farm_foreclosure_12-09-09_M5GNVO2_v14.3a66533.html

    Was it Goldman that abandoned the kittens?

    Wells Fargo just totally bested Goldman’s neglect by leaving cats, dogs, chickens, pigs, horses, sheep, goats and other animals on a foreclosed farm to starve to death.

  73. @frances ..Florida

    OK , but 150$ / month is nothing !

    I wonder what the sales price is . My girlfriend told me it was only 70K$ in mid 1980s. Unbelievable.
    Of course, the Securicor ( entrance guards ) and other costs were another 4000$ per year.

  74. Stupid americain consumer morons.

  75. The Rooshan Rubble is up over a % today. Hmmmmm……

  76. How about “God’s work”?

  77. Florida is about ready to sink into the sinkhole, Phil.

    We share the onus of being one of the three: Arizona, California, Florida–the subprime-fraud epicenters. Fog-a-mirror loans and now default out the kazooooo.

  78. @Dedo:
    I agree with all except ‘money is the product of virtue’. One needs a whole pardigm system to define virtue as the assumption declarative of the clause.

    I don’t think we can assign money a metaphysical quality at all.

  79. “Max..you missed Steve Keen’s point. The Household-Corporate debt has been re-placed Enron style over to their Taxpayer Account.

    Overall Debt(per capita) is skyrocketing…as assets collapse. We all must remember….assets are variable//debt is fixed.”

    Here’s more from Steve Keen. The man has no future in politics. He pulls no punches. However, Barnaby Joyce seems to have caught the message.

    http://www.themonthly.com.au/steve-keen-debt-and-economy-how-do-we-pay-all-2128

  80. Dedo,

    Not sure I agree with that. Better to say money is one of the ways in which karmas unfold, negative and positive causality. But to determine in this lifetime why it does so is a fool’s errand. The arch sociopath Robert Rubin is fine,well and comfortable thank you very much.

  81. what if the US govt offer visas to people from developing nations..as long as they purchase a house/apt upto a certain amount?

  82. Off Topic .. Bay Biscayne Condos

    Wow .. Rentals from 150$ !!

    I used to live here with my lawyer girlfriend in the mid 80′s with heated outdoor swimming pool and tenis courts.
    It was pretty up-market then .. ca. 800$/month.

    What happened ?
    Anyone here from Miami ?

    http://www.goterrabella.com/miami/Aventura.php/Condos/The-Clipper-at-Biscayne-Cove/51/

    http://www.bocaagency.com/MLS/CommunityNameLink.asp?Name=BISCAYNE%20COVE&city=AVENTUR

  83. Govt Corp. stats are great, you can be so creative. The fix is in just in time for Xmas and on Friday too for all those weekend suckershoppers. Spend spend spend just like your fascist Govt Corp.. USCode Sec 3002 (15)(a)

  84. Money Is Always an Effect with You As the Cause

    Money will always remain an effect and refuse to replace you as the cause. Money is the product of virtue, but it will not give you virtue and will not redeem your vices. Money will not give you the unearned, whether in matter or in spirit.

  85. Wouldn’t be ironic after voting Yes to Lisbon, Ireland had to leave the EU, can’t see it happening really.

  86. @Frances,….yes, I could! : )

  87. Money is the scourge of men who attempt to reverse the law of causality

    Dedo,
    Could you elaborate on this?

  88. Personality “gathers// captures” REALITY…..it then re-produces REALITY in all its “languages”.

  89. Only Spontaneity is Proprietary……only Personality is “wealth”.

  90. Money is only a tool. It will take you wherever you wish, but will not replace you as the driver. It will give you the means for the satisfaction of your desires, but will not provide you with desires. Money is the scourge of men who attempt to reverse the law of causality – men who seek to replace the mind by seizing the products of the mind.
    And as an add on,..Wealth Is the Product of Man’s Capacity to Think,..

  91. @stacyherbert. some one left the gold window open again. wonder who is crawling through.

  92. Mike/Liverpool

    Yes, but it won’t last!
    Mike

  93. @Mike/Liverpool … What has caused the $ Spike????

    Political will !
    ;-)

    i.e. bullchit about US econ. improving.
    ROTFLMAO

  94. @Mike/Liverpool – ‘consumer sentiment’ rose sharply; so the ‘markets’ are saying that all is better because the US consumer feels good and so will be willing to go into more debt thus increasing GDP and, thus, perhaps perversely, the economy will have ‘improved’ because the consumer-citizen will have increased his/her debt

  95. Sheeple debt is irrelevant to day to day moves. All news is for the purpose of quick,day to day moves by traders. They know the story. But if money can be made off false and massaged news spursts, so be it. Volatility is all to the average trader. I often wonder whether or not Goldman doesn’t have its own news desk where it fabricates news and figures on a daily basis to support position trades overnight.

  96. Mike/Liverpool

    What has caused the $ Spike????
    Mike

  97. Stacy, what your talking about there is the Irish phenomenon in the phrase “ah, sur’ it’ll be grand.”

    Yeeha! government dropped the price on booze by 12 cent, YEEHA!!!

  98. Max..you missed Steve Keen’s point. The Household-Corporate debt has been re-placed Enron style over to their Taxpayer Account.

    Overall Debt(per capita) is skyrocketing…as assets collapse. We all must remember….assets are variable//debt is fixed.

    A great guest on this issue would be Antal Fekete…now, this man gets it!!

    Try hosting an hour show with Fekete & Hudson as quests…that discussion would be extraordinary….all the curtains would be pulled(in a great Historical fashion).

  99. @Phil – Beckfinger

    Thanks, that was classic.

  100. Jon Stewart taking a crack at Gold & Fox by Glenn Beck.

    Stewart Catches Glenn Beck Digging For Gold (VIDEO)

    http://www.huffingtonpost.com/2009/12/11/stewart-catches-glenn-bec_n_388362.html

  101. @Greece & Ireland …

    …. nice US$ pump and Euro dump from MSM.

    Maybe in 1 year !

  102. Crumpet Muncher

    I think consumer sentiment has improved because KFC are running an all you can stuff down your throat and puke back up for $8.99.

  103. Something else to mention, although I’m sure Max and Stacy are all over it: the dollar – S&P negative correlation, so reliable for the whole of the last 8 months or so rally, has broken decisively. About 2 weeks ago on the options expiration it seemed to fall away. For the last two weeks we have had more positive than negative correlation.

    Why is this? The most orthodox explanation has to be connected with Fed interest rate hike expectations (and therefore negative effect on posited carry trade).

  104. DXY just hit 77.05
    EURUSD just hit 1.461 or so.
    I’ve been sitting on a dollar long position for over a month waiting for this…

  105. Maxing out the already maxed out Credit cards Hic ;-)

  106. X mas shopping in the air ;-)