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| User Info | Deflating Wednesday - WAKE UP AMERICA! in forum [Ticker] | |||
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Genesis Posts: 71432 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
2008-07-02 09:09:56
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Richard112360 Posts: 148 Incept: 2008-02-06 Hooterville
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Great Ticker as usual KD. Simply put, we are truly screwed.
2008-07-02 09:27:18
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Emdeplam Posts: 1419 Incept: 2008-01-10 
USA/Germany
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Karl- I might add there are a few places outside of America that need to wake up too!
---------- http://www.alizee-forum.com/gallery/
2008-07-02 09:31:53
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Padrino Posts: 2207 Incept: 2008-01-16
Prison
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Debt man walking ...
---------- "Every man is the architect of his own fortune."
2008-07-02 09:38:14
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Blackswan Posts: 3601 Incept: 2007-11-06
Ponzi Roller Coaster
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Nice. The days of waking up in your mcMansion driving to the Starbucks in your Hummer on your way to sell no-doc mcMansions to hairdressers is over. Who saw it coming? Standards of living are going to change. ----------
2008-07-02 09:40:24
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Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
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Been reading the Tickers daily haven't been following comments closely so this may have been addressed http://loanworkout.org/2008/06/the-mers-.... according to this info MERS or Mortgage Electronic Registration System has no legal claims to the debt which has been securitized and sold off to the secondary markets as it failed to take possession of the notes. In fact it is quite likely that the notes could actually have been destroyed being the system was engineered to be "paperless" for the purposes of expediting originations resulting in very limited recourse for the "greater fool". Priceless!!
2008-07-02 09:52:29
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Yep.... I think its hilarious and if this gets legs its going of of those major "chuckle moments"  ---------- "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
2008-07-02 09:54:38
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Guydaley Posts: 10915 Incept: 2007-07-10 
Missouri & Wyoming
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I'm thinking about starting a list of tinfoil stats. But the problem with stats is that most people can't appreciate them. They look at a stat that is so far out of the norm and they say, "So what?". Then I know my efforts were wasted because most people are too stupid to recognize them for what they are. And what they are, ARE WAKEUP CALLS! I would say that MOST people on the TF would appreciate them with a few exceptions. Outside the TF, well, its probably pointless. I could start my list of tinfoil stats with the Nikkei going down TEN STRAIGHT DAYS IN A ROW! Holy Christ that's juicy. But then I think, the average American doesn't think twice about having a $9T national debt because its always been there in one form or another. As long as they are sucking on the tit, whats the big dif between $9T, $20T or a $100T? I don't know, maybe stats are an acquired taste. ---------- 2/17/09 = Hogzilla bill was signed = THE POINT OF NO RETURN = Cheers to the Reset, LONG LIVE THE UNDERGROUND ECONOMY! STARVE the BEAST! Adopt a J6P.
2008-07-02 10:07:04
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Ilyachern Posts: 567 Incept: 2007-06-26
North Miami Beach Florida
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Hey Karl if I invested in 1576 I would have a pretty good run, and be really happy with my profits.
---------- The Fed won't be winding down their balance sheet. Their balance sheet will be winding down the Fed. Level 9 9/23/09
2008-07-02 10:11:53
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Rigger Posts: 45 Incept: 2008-04-07 United Kingdom
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Inflationistas seem to forget that the wage/price spiral can only really occur if workers are in a position to bragain hard.they aren't.
---------- Oh Dear!
2008-07-02 10:22:58
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Codeslinger Posts: 26 Incept: 2008-06-06 Denver
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My first post! Karl, I found your site a few months ago, and I was completely stunned to learn that there are still minds in the world who recognize Fact as opposed to the vast majority who wallow in Fantasy. I'm now a confirmed daily reader; thank you so much for you. To the point - The US is going to server a summons in Switzerland? Just a little beyond their jurisdiction, don't you think? There's real money out in the world (what's the Catholic Church really worth? Or the Rothschilds or the Grimalidis?) who are not about to let the wall of silence surrounding Swiss banks be breached. Once that summons is served, the laughter in Zürich may set off an avalanche.... ---------- "Frankenstein was the creator, not the monster. It's a common misconception, held by all truly stupid people." - Kryten
2008-07-02 10:37:25
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Quote:To the point - The US is going to server a summons in Switzerland? Just a little beyond their jurisdiction, don't you think? Of course it is. The Swiss are within their rights to write "**** you" across the face and fax it back. The consequence of doing so could easily be the revocation of UBS' federal charter to operate in the United States. Quote:
Perhaps. Are those folks over in Zurich more interested in access to US Capital or protecting the ultra-rich in the United States who have been jacking with the IRS? I'm not sure who wins that one..... it certainly isn't an OBVIOUS decision. ---------- "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
2008-07-02 10:39:58
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Chekmypulse Posts: 153 Incept: 2008-03-28
B-F-E
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KD, great post as usual, moved into cash LONG ago when I first found the Ticker and realized what was going on. BTW, my memory of Oct 1576 is a little fuzzy, can you whack my memory a bit for me  Just kidding, I know a fat-finger when I see it (under MER price cut projection for GM) ---------- I love USA. Land of Free. Ooops I am not a bank. ****. - Mliu
2008-07-02 10:45:21
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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SPX 1576. Sheesh. Edited.
---------- "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
2008-07-02 10:47:09
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Blue_sky Posts: 22 Incept: 2007-07-30
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Karl, you say we can't inflate because there's a lot of slack in the labor market. How do you reconcile that with Zimbabwe, which has 80% unemployment? http://indexmundi.com/g/g.aspx?c=zi&v=74
2008-07-02 10:48:42
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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All of this has been gone over on the forum and you've been here for nearly a year. Repeating the same thing over and over gets rather tiring and I'm not really in the mood to do it today. ---------- "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
2008-07-02 10:50:50
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Barnaby33 Posts: 522 Incept: 2007-07-24
San Diego
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Both the inflationary and deflationary camps have their respective points to make. The reason why I fall on the deflationary side is that the Fed doesn't fight inflation with 2% interest rates; that is how it fights deflation. You can lead a consumer to credit but you can't make him borrow. The classic liquidity trap seems to explain why the money is getting funneled into commodities. Consumers aren't borrowing, but the banks themselves are, as are their pet hedge funds. If this is a correct assertion then commodity price increases are in fact being driven by not just hot, but cheap hot money. Inflation begets deflation. The problem is that the last decade was highly inflationary. We created a large amount of dollar denominated IOU's. If we are to pay them off, then we will have to do so in inflated dollars. There is seemingly no way we can pay them off in todays dollars. Realistically though it seems like we will find some way to just not pay those debts off. If thats so then after exporting inflation for a decade we will then export deflation as China India et all write off the value of the money they printed to loan us. ---------- Short taglines rule!
2008-07-02 11:01:23
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Blue_sky Posts: 22 Incept: 2007-07-30
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Karl, you assume I have a point of view, which I don't. I'm just curious.
2008-07-02 11:04:57
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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No Blue, I'm pointing out that the reasons that we can't get a Zimbawbwe type of event have been beaten to death on this forum over the last year, and you signed up a year ago (roughly.) Therefore, you're asking a question that has already been gone over to the point of exhaustion. ---------- "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
2008-07-02 11:07:48
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1000ohms Posts: 7384 Incept: 2007-09-06
aka inflam Banned
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Start here blue http://www.tickerforum.org/cgi-ticker/ak.... Get back to us in a month
---------- I make somewhat of a sport out of costing people their merchant accounts doing this. I recognize that small tickets are a problem but the solution isn't do violate the rules you voluntarily agreed to when you got your merchant account. - Genesis Last modified:
2008-07-02 11:18:34 by inflamatory
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Architect Posts: 780 Incept: 2007-07-11
london UK
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I have the suspicion (no stats) that a commercial property collapse will bring down the Irish banking system. The Irish banks fund a lot of UK construction. Does anyone have a more informed view?
2008-07-02 11:47:02
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Commercial is ****ed.
---------- "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
2008-07-02 11:47:34
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Thanks Gen, Even when you're no help - you're informative. ;) Now back to this commercial is ****ed stuff. I'm in your camp. Just passed on a good deal on a commercial property because I think deals will get better. What stocks can a guy short to play the commercial is ****ed angle. Are there any REITs that are highly leveraged or better yet how about some commercial lenders that have been beaten down yet. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-07-02 12:18:04
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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SRS long.
---------- "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
2008-07-02 12:18:43
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Quik49 Posts: 2297 Incept: 2007-12-11
out yonderway
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yup...just ask my commercial clients....the developer types....
---------- Potter's not selling, he's buying;
2008-07-02 12:22:39
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