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| User Info | Bernanke Inserts Gun In Mouth in forum [Ticker] | ||||
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/879-Be....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-03-19 08:42:24
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Asimov Posts: 21226 Incept: 2007-08-26 
east tennessee
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 (nothing else needs to be said) ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2009-03-19 08:45:17
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Randy123 Posts: 1382 Incept: 2008-09-24 New Jersey
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Was waiting for this. Thank you
---------- Mliu is my hero. Captain melamine. 2009-03-19 08:46:25
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Purenirvana Posts: 154 Incept: 2009-01-08 U.K Online
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Thanks Karl. Interesting read to say the least.
2009-03-19 08:49:32
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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next trade is to short euro/go long dax.
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-03-19 08:51:38
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Keewaydin Posts: 1494 Incept: 2007-08-22
Just a fleshwound!
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Thanks, Gen. I've been eagerly awaiting your Ticker on this.
2009-03-19 08:51:56
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Maddymax Posts: 1328 Incept: 2008-02-26
not sure anymore
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thanks kd the more i thought about it last night i think he paniced scarey stuff the last time pumped money oil went through the roof that really helps joe6p
---------- 10 year at 1.5 S and P 515 2009-03-19 08:52:03
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Mayorquimby Posts: 4457 Incept: 2008-09-18 United States of Mortgages Online
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Nope, you're 100% correct. They have no idea where this leads. Obama's too busy meeting with movie stars, going on tv to spout more BS and watch NCAA basketball.
---------- - It is impossible to introduce into society a greater evil than this - the conversion of the law into an instrument of plunder. - Government is a great fiction, by which everybody tries to live at the expense of everybody else. - Bastiat 2009-03-19 08:52:44
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Gmak Posts: 10176 Incept: 2007-07-27 
Re-inventing the future at the speed of time.
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That .gov budget chart was very interesting. Notice the size of the interest piece? If the "Other" doesn't disappear, it is going to grow - just like in Brazil - until even if the .gov has an operating surplus (they cost less to operate than they take in in taxes), there will still be a fiscal deficit from servicing the debt. Last modified:
2009-03-19 09:01:05 by gmak
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Pooslinger Posts: 949 Incept: 2007-11-06
Illinois
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Thanks Karl. Will warn everyone I care about!
2009-03-19 09:03:51
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Etz3l Posts: 8658 Incept: 2007-06-26
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Excellect transalation of FOMC speech!
---------- I could slit my wrists and people would cheer - L. Blankfein.  http://www.youtube.com/watch?v=p8jm61vk2.... 2009-03-19 09:03:51
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Ludwigvonmises Posts: 240 Incept: 2008-10-10
Michigan
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Great Ticker Gen! Thanks for all you do!
---------- Quote:
2009-03-19 09:03:55
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Richard112360 Posts: 127 Incept: 2008-02-06 Hooterville Online
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OMG....how depressing. Thanks KD for all you do!!!!
Last modified:
2009-03-19 09:05:05 by richard112360
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Randy123 Posts: 1382 Incept: 2008-09-24 New Jersey
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Once you lose reserve status as a currency, you never get it back.
---------- Mliu is my hero. Captain melamine. 2009-03-19 09:06:08
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Stonedog Posts: 1068 Incept: 2008-05-29
New Jersey
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Thank you for this extremely depressing ticker...Quote:Cutting "other spending" (that is, all other programs) by 50% would leave us with about $500 billion net-net for social programs - forcing a reduction of about sixty percent in Social Security, Medicare and Medicaid - all at once. Karl, I apologize if you've previously addressed this, but I have certainly not seen an answer to this question - SS is taxed as OASDI separately from income. It currently and through 2017 is supposed to provide a net surplus to the .gov (from IOUSA). I recognize that the government spends it in order to reduce the overal deficit. However, is the OASDI placed in the .gov's general funds or are they initially separated in order to first pay SS recipients? If the latter is the case, how can SS be cut by 60%? I appreciate your input ---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this 2009-03-19 09:09:40
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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It is placed in government funds and is considered part of "tax revenue" (FICA receipts) How much does an unemployed person pay in FICA tax? ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-03-19 09:10:58
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Stonedog Posts: 1068 Incept: 2008-05-29
New Jersey
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KD - Thank you for answering... And any multiple of zero is zero... ---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this 2009-03-19 09:12:55
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Timbo Posts: 961 Incept: 2008-10-10
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This one would look awfully good nailed to the door of a government building.
---------- http://mises.org/story/770 http://www.theplacewithnoname.com/blogs/klessons/index.html If you don't fly the plane and find a place to land, then God will find a place to park you. 2009-03-19 09:14:32
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Synchronicity Posts: 481 Incept: 2008-07-20
40° 15' 1
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Thx, KD.
---------- the forgotten man...."He is the man who is never thought of...He works, he votes, generally he prays---but he always pays..." Wm. G. Sumner, 1883 ...It took man 5000 years to put wheels on his luggage... 2009-03-19 09:16:20
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Mayorquimby Posts: 4457 Incept: 2008-09-18 United States of Mortgages Online
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I agree with Gen about demand collapse but in the case of certain things like oil and food, I think there's a good chance we get a brutal spike if only because of refining and transportation issues. Whatever happens...it will be horrendous if Ben's wrong and I just don't see how he can be anything but wrong, given enough time.
---------- - It is impossible to introduce into society a greater evil than this - the conversion of the law into an instrument of plunder. - Government is a great fiction, by which everybody tries to live at the expense of everybody else. - Bastiat 2009-03-19 09:16:29
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Keewaydin Posts: 1494 Incept: 2007-08-22
Just a fleshwound!
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Quote:This one would look awfully good nailed to the door of a government building. Or to Bernanke's pate. Last modified:
2009-03-19 09:19:23 by keewaydin
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Micronin127 Posts: 493 Incept: 2008-01-21
Swampscott, MA
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It gets worse with the TALF. The 'lie' will be that private equity is purchasing the toxic assets from banks and that the credit markets are 'unfrozen'. The 'truth' is that the Fed is loaning them 95% of the money on a non-recourse basis and that the private equity won't even participate if forced to sit in the first-loss position. The potential for fraud with the upcoming TALF program is astronomical as hedge funds within an arms length relationship of a major bank will agree to overpay for the trash using the Fed's money. The trash ultimately takes losses and the hedge fund writes them off to the Fed. So long as they aren't greater than 95% losses, the private equity risks nothing. The banks clear off all the crap to the taxpayer. 2009-03-19 09:21:48
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Usk Posts: 205 Incept: 2008-04-18
France
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Karl, "In the meantime, for however long this rally in the market lasts (and it might be a while if the sheeple misdiagnose what's coming - if the newsletters I've seen thus far this evening are any clue, most people have) use it to raise cash and be prepared for some really tough times." What should we do in Europe? If I follow your logic, Euro is going to crash before the us economic meltdown. Does that mean that we must start raising US dollars in Europe to prepare the coming tsunami? What would you suggest as an alternative in case of US dollar shortages? Last modified:
2009-03-19 09:23:03 by usk
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Phif Posts: 158 Incept: 2008-08-06 Atlanta. Ga
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Thanks Karl The Prince of Elliott Wave wrote 3 weeks ago that it was time to exit all shorts and not to get back in on a rally. Belief that the final act would blow it all up and counterparties would be unable to deliver. Cash, land, food and the means to produce same. Guns? You won't survive a firefight with a Mob. You can only take a few with you. 2009-03-19 09:23:21
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Wthef Posts: 601 Incept: 2008-02-25
philadelphia
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great ticker as always karl. fwiw philadelphia has about 10% unemployement and rising. mayor is increasing sales tax 1% to keep pools open this summer, and proposing increasing realestate taxes 19% and 17% in next 2 years. mainly because of the entitlements and mass amount of resources it needs. there are sections of the city where people pay $100 year in r/e taxes (of course in those areas i would consider it being safer in afganistan) ...so if anything i can see this going to **** real fast, just from my percpective ---------- "I had to look at her today and sat there staring at her bronze naked body laying in the sun, a flaming red candle in her hand she took me in. Her figure consumed me 36-32-34 and said "take me" I stumbled forward as I engaged her stare and she pulled me down towards her. I ripped off my shirt and dropped my pants, we f 2009-03-19 09:24:23
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