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| User Info | Congress: Anna Schwartz Says You're Wrong in forum [Ticker] | |||
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Genesis Posts: 71430 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/archi....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-18 13:12:07
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Maple Posts: 4461 Incept: 2007-09-03 
Southern California
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Typo alert: a book that Ben Bernanke himself have said
2008-10-18 13:18:25
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Genesis Posts: 71430 Incept: 2007-06-26
KD^2
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Fixed - thanks.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-18 13:19:46
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Jnojr Posts: 555 Incept: 2008-09-18 
San Diego, CA.
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Quote:It is willful ignorance of the facts that has caused your 401k and IRA balances to decline by nearly forty percent, lending to constrict the point that we are threatened with another Depression, and unemployment to skyrocket. I think it would also be fair to point out that the deceptions were responsible for a good chunk of the "gains" in those accounts, as well. Nobody was complaining about the problems when the symptoms manifested themselves as "benefits". The housing bubble was a New Age of unending wealth for all, and anyone who dared to say otherwise was practically burned at the stake as a heretic. And ever since the bubble started leaking air, there was no acceptance of "what goes up must come down"... it was all, "How do we regain all of the wealth that we're losing?" This intentional one-way blindness is a major contributor to the problems we're facing.
2008-10-18 13:34:29
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Rodergate Posts: 50 Incept: 2008-02-27
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Well done Karl.
---------- Pigs get fat, hogs get slaughtered.
2008-10-18 13:36:09
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Jstanley01 Posts: 2571 Incept: 2008-07-30
San Antonio, Texas Online
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"...outrageous and in fact insane..." The inmates are running the asylum. ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2008-10-18 13:39:01
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Murf Posts: 2811 Incept: 2007-08-28
the surf Online
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Awesome ticker. Ninety-two year old woman smacks down Bernanke, Paulson, and Greenspan with one punch.
---------- The recovery up is losing steam
2008-10-18 13:42:16
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Dude59 Posts: 770 Incept: 2007-11-08
Waiting for forclosure in Las Vegas
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Another Great Ticker. one more brick in the wall of reason. Perhaps soon the wall will fall on some heads and cause some action. While I have listened (and profited) from your knowledge, and saved a few others, the masses are just beginning to become restless, not understanding why their addictive drugs are being taken away.
---------- The Green shoots are Gangrene.
2008-10-18 13:42:46
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Genesis Posts: 71430 Incept: 2007-06-26
KD^2
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BTW the blog code has been changed so if you "print" it (e.g. to fax) the ads and banners are removed; you get a "clean" printer-friendly copy. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-18 13:43:19
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Jnojr Posts: 555 Incept: 2008-09-18
San Diego, CA.
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Quote:Another Great Ticker. one more brick in the wall of reason. Perhaps soon the wall will fall on some heads and cause some action. Sadly, I'm nearly certain that we are past the point where rationality can return. Far too many people are far too deeply invested in things continuing the way they are. If you're driving down the highway, and are absolutely committed to reaching a given destination with no delay, and you engine starts to make a funny sound... sure, you could pull over, but that would be a delay. A wheel starts to wobble... but keep going. Red lights are coming on, so toss a magazine over the dash. At some point, the engine seizes, and now you aren't going anywhere. You could have gone through the trouble to fix your car, but nooo... that would have been "impractical", or "too expensive". We're stuck with the "fixes" that are being thrown around today, I think. If all was right in the world, we would allow failing institutions to fail if they couldn't save themselves. But we have, for years, allowed those institutions to grow and become "too big". The concept of systemic failure isn't merely an excuse for throwing a lot of money around, but a very real concern. But TPTB refuse to pull the car over and fix the cause of the red lights, because "forward progress" must be maintained at all costs in an economy that completely depends upon the propagation of debt for "growth", and that "growth" is critical to supply more credit to support all the debt. When the engine begins to buck and stall, they press the accelerator down further, hoping against hope that they can simply power through the troubles, even as they make them worse.
2008-10-18 13:51:30
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Musashi Posts: 2949 Incept: 2007-11-06 Behind the Irony Curtain
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I had to smile at thisQuote:"Nothing" Anna Schwartz says, "seems to have quieted the fears of either the investors in the securities markets or the lenders and would-be borrowers in the credit market." While thinking, "probably not"
2008-10-18 13:54:15
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Jumpman Posts: 146 Incept: 2007-09-06
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excellent ticker full of substance
2008-10-18 13:58:14
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Monorailfan Posts: 69 Incept: 2008-03-04 Flyover Country
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Great Ticker Karl. I am going to vote via absentee ballot soon, and I'm not sure where I can find the list of everyone who voted FOR this bailout - so that I can vote against them. I don't see it on 'Supported the Bailout'. Sorry, I'm obviously suffering user error here in not being able to find the list......
2008-10-18 14:11:38
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Etz3l Posts: 9103 Incept: 2007-06-26
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Awesome!
---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-10-18 14:32:09
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Micronin127 Posts: 607 Incept: 2008-01-21
Swampscott, MA
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Typo alert: 888 page 'time' .... should be 'tome' Oh... and awsome job!!! Last modified:
2008-10-18 14:57:55 by micronin127
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Jerm Posts: 58 Incept: 2008-10-10
Massachusetts
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"where I can find the list of everyone who voted FOR this bailout" The yeas and NAYS for the final house can be found here: http://clerk.house.gov/evs/2008/roll681..... The original vote that was defeated can be found here: http://clerk.house.gov/evs/2008/roll674..... My comparing the two votes you can determine the most guilty; the ones that actually changed there vote after getting bribed. ---------- It's a good thing bagpipes don't smell -- Wilde
2008-10-18 15:11:26
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Irtechie Posts: 7 Incept: 2008-10-09
Georgia
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I think it is lack of education. You are doing the right thing here, education is the best way to spread the word. Getting people educated. Doing it in a reasonible way where peopel don't look for your tinfoil hat. Providing facts. That is about all anyone can do. I just found out about the near 50 Trillion dollar debt we were carrying and passing on to our kids.
2008-10-18 15:12:41
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Nomullet Posts: 3422 Incept: 2007-11-11
Duke City
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Some huge egos at stake.
---------- if you crap more than once a day you are eating too much
2008-10-18 15:23:58
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Genesis Posts: 71430 Incept: 2007-06-26
KD^2
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Its not egos. It has now turned into Richard Nixon syndrome. Its bad to **** things up. Once you lie about it, that becomes a potential criminal matter. The coverup gets you in worse trouble than the original act. Always. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-18 15:24:47
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Mike18xx Posts: 617 Incept: 2008-09-27 Banned
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If all was right in the world, we would allow failing institutions to fail if they couldn't save themselves. Paul & Ben are behaving exactly like noob long investor faced with margin calls, and are systematically looting the country in an attempt to meet them. But the margin calls keep coming, and are beginning to accelerate....
2008-10-18 15:29:02
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Jstanley01 Posts: 2571 Incept: 2008-07-30
San Antonio, Texas Online
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There should be lots of frog-walking in store for these nimrods. I hope, I hope, I hope, I hope. Because if the criminals are allowed to win, they will rule... ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2008-10-18 15:35:20
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Rockford Posts: 733 Incept: 2008-04-19
San Diego
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Karl I don't know how you manage do do all you do and put out so many outstanding tickers! You have another pat on the back from me for a job well done.
---------- I'll keep my freedom, my Bible, my guns, my money... you can keep THE CHANGE.
2008-10-18 16:09:10
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Videopro Posts: 882 Incept: 2007-08-03 L.A. Area
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This ticker and the comments of Anna Schwartz bring what is happening into clear focus for anyone bothering to look: The actions of Paulson & Bernanke have now become NOTHING MORE than a bald-face and desperate attempt to push the ticking nuclear device past the February 2009 goal-line. Onto a new administration where it then explodes. Aimlessly thrashing about with one thoughtless measure after another in search of a means so that it does not happen on their watch. This is the only thing they give a sh*t about. All other conversation about the topic are simply useless exercises in futility. I've said it several times, I'll say it again: If these two cannot be immediately placed under arrest and imprisoned we all suffer greatly for not doing so. Mark my word as this will come back to haunt in future retrospect. PLAN ACCORDINGLY ---------- ---------- "The Spinning Cyclone Of Deflation Is Fueled By Deficit Spending. An efficient asset destroying storm powered by the printing press". - Me Last modified:
2008-10-18 17:30:33 by videopro
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Gheez Posts: 16 Incept: 2008-09-24
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Someone told me today that it did not matter who they voted for or who was elected because they were all corrupt anyway. My reply: If you were being ****d, would you fight back? Then fight back now because you are being ****d.
2008-10-18 17:15:47
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Whatcha Posts: 10 Incept: 2008-10-08 USA
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So when do you think the next meltdown will occur? I read through Casey's Research that they anticipate a 'wok' shaped recovery (hadn't heard that one before). Is the market currently finding a bottom? Karl, how do you anticipate things will unfold from here? I agree that with such excessive liquidity the economy will founder - but when? Is there any probability that we'll see a reprieve before the Greater Depression? Greg Last modified:
2008-10-18 17:57:25 by whatcha
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