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User Info Lucifer Pokes His Head In The Tent in forum [Ticker]
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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http://market-ticker.denninger.net/archi....

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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
2008-09-17 09:18:00
Etrade_refugee
Posts: 4873
Incept: 2007-11-14
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Damn, KD. A strike. That just might work.

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Current best estimates (6/17/2009):
CAR - 39 - 60 percent
CFR - 2 - 10 percent
Numbers are for the period 5/1/2009-4/30/2010
2008-09-17 10:16:52
Wthef
Posts: 601
Incept: 2008-02-25

philadelphia
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excellent ticker ! thank you karl

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"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
2008-09-17 10:32:55
Bluntfacts
Posts: 693
Incept: 2007-10-09
Las Vegas, Nevada
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In todays Ticker, Karl wrote:

Hmmm... perhaps that "roar" that I expected last night may turn out to be a lion, eh?

Maybe it was the same lion that rode out Ike, as seen on CNN.

Anyway, the real roar will come when more people are wiped out and enough get together for at least a TWO MINUTES HATE.

But not today. And here is one little piece of anecotal evidence from Las Vegas why Idiot Nation has no clue. So yesterday (9/16), I go to the Clark County Commission meeting to personally hand deliver a couple of Tickers to each member of the commission, including Chairman Rory Reid, son of U.S. Senate Majority Leader Harry Reid.

Typically, these meetings last a couple of hours and then any citizen gets 180 seconds to say whatever they want. I expected to be home in time for lunch. Unfortunately, it didn't work that way. Idiot Nation spent over 90 FREAKING MINUTES discussing an ordinance on FERAL CATS. I now know everything about feral cats; apparently there 500,000 roaming the county. So Idiot Nation decided after 90 minutes that cats should be trapped; the county should fork over $15.58 per cat to "fix" them; and then the cats should released into the wild.

Now that on its own would have been something, if it wasn't followed by a 2 HOUR DEBATE over newsstands at the airport. So by the time Citizens Partcipation came around 3:00PM, I went a little crazy and told the audience they were idiots; that I hope they all go broke and end up living on newspapers with the cats.




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"Will someone come on TV and tell the truth about how bad it is". Jim Cramer August 2007.
"We can change the focus to a soft blur; or sharpen it to crystal clarity" The Outer Limits 1964.
2008-09-17 10:41:09
Wthef
Posts: 601
Incept: 2008-02-25

philadelphia
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lol

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"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
2008-09-17 10:46:42
Themortgagedude
Posts: 3343
Incept: 2007-12-17

saint louis
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Fired up today are we Gen? I'm afraid its too late. You say we have to do something today, not tomorrow. I think yesterday may have been our economy's black swan event. We'll see, I'll continue to harass the St Louis Fed on my end, but I'm thinking it may just be time to lube up and take it in the ass.

You have always been in the deflationary camp, but do you think the socialization of our financial system changes your outlook on this any? They have such a vested interest in home prices now. Fannie, Freddie, AIG, FHA, FDIC. If they can't prop up prices now the gov is screwed. Chance they might try to print their way out in a limited way? Maybe in conjunction with a balanced budget mandate. Wouldn't we have been better off all along printing instead of borrowing because of the immediate realization of loss of purchasing power and the resulting actions of the people and their representatives?

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Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice.
2008-09-17 10:47:29
Weezie
Posts: 3420
Incept: 2008-05-19
A True American Patriot!
Now shuddap and take your medicine...
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Looking at the market now, it seems that Lucifer is about to take a dump in the kitchen sink.

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The government isn't ****ing Santa Claus!
2008-09-17 10:50:47
Dakine2004
Posts: 5140
Incept: 2007-10-23
A True American Patriot!
MD.MI.NC.SD.
Online
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Quote:
I went a little crazy and told the audience they were idiots; that I hope they all go broke and end up living on newspapers with the cats.


hahaha...thanks for the chuckle...


back on subject:

Dang, KD - I start work on Mon. - remember, some folks can do more for good ol' USA from work...instead of on the street...

2008-09-17 10:51:41
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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TMD, no, if they try to print you may as well get ready for Hitler V2, because it will happen.

Printing results in "regime change" - historically, this is ALWAYS happens.

This is why I am so ****ed off about the government doing this **** - because the idiots WILL be tempted to do exactly that, and if they do, our way of life dies.

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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
2008-09-17 10:55:36
Aja
Posts: 1956
Incept: 2008-03-19
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I hear the sound of...tin?

2008-09-17 11:02:56
Pabloescobar
Posts: 4506
Incept: 2008-04-23

bubbleville
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It's not tin.

Genesis is right to be ****ed. FED's out of money, US Treasury has to loan them some more.

US Treasury is out of Money too, don't forget. .gov is a net borrower.

Where does a borrower get money to loan to someone else?

Everyone knows where this will lead to if the brakes aren't applied ASAP.


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"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang Von Goethe
"we don't live in a democracy; we live in a hypocrisy" Brain
2008-09-17 11:08:02
Ursamajor
Posts: 318
Incept: 2008-01-23
The Empire State
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ISTR a lot of printing was done in the 2nd half of the 1970s. After Nixon's wage & price controls expired inflation ramped up and Ford had his hilarious and ineffective "WIN" campaign (Whip Inflation Now). Things didn't improve under Carter and by '79 or so credit cards and auto loans were over 20%. Mortgages were high, too. I wanna say 16% for some reason, but I don't recall what they hit. Back then it was a little different - and I wasn't that old and my memory isn't perfect - wages were rising along with prices in an upward spiral. Stronger unions then I guess. Today real wages haven't gone up hardly at all for years, so when people talk about "inflation" today they mean prices only (for the most part).

IIRC it was Paul Volker under Reagan who got things under control finally. Funny thing is, a big part of the blame for the inflation was laid at the feet of government deficit spending, but those deficits were chump change compared to recent years.

Anyway, my point is that during the 1970s there was enough printing going on that interest rates on just about everything were pretty high. Not Weimar Republic high, but high enough that it was painful. Housing prices also took off during that period. They rose even faster than the annual inflation rate and it was universally accepted that buying real estate was the only way to stay ahead of the game. Wages went up too, though, and I'm pretty sure prices stayed in a band of some reasonable income multiplier as far as affordability went.

Anyone with any corrections please jump right in. I don't remember all the exact circumstances of the day.

EDIT: Ah yes, the "oil price shock" had a lot to do with getting it all started, but that was a transient and the upward spiral continued for a long time afterwards.

Last modified: 2008-09-17 11:33:01 by ursamajor

2008-09-17 11:26:01
Bountyhunter
Posts: 598
Incept: 2007-12-05

Newport Beach, Ca
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KD- great ticker

To put not "to" fine a point on it

KD- "to" should be "too"

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Our world is run by the MOB, ie the Banking Cartel. The number one recipient of commercial banking donations. Barack Obama. Nuf said.
It’s enough to convict OJ with an ALL black jury. LCruiser 1/29/09
2008-09-17 11:40:08
Themortgagedude
Posts: 3343
Incept: 2007-12-17

saint louis
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But Gen if we can't print our way out, aren't we already done as of yesterday? I just don't like where this ends. I didn't go off to college and start a mortgage company and work 15 years here to have my way of life taken away from me. But at least I got the farm to go back to. Hope I don't try to milk one of the bulls.

Anybody here want to rent a few acres and live next to me. I'm intriqued by shipping container architechture maybe we can all live in shipping crates and have a communal garden.

What a f'n nightmare this is going to become.

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Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice.
2008-09-17 11:58:13
Aja
Posts: 1956
Incept: 2008-03-19
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I was referring to the idea of a Hitler v2

2008-09-17 12:03:35
Spiritoftruth
Posts: 570
Incept: 2008-02-25
New England
Suspended
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Time's up.

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“This is a revolution, damn it! We have to offend somebody!” - John Adams
“All that is necessary for the triumph of evil is for good men to do nothing.” - Edmund Burke
“Even if you are a minority of one, the truth is the truth.” - Mohandas Gandhi
“Whatever is coweree up will be uncovered and every secret will
2008-09-17 12:07:53
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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Either act now or don't bother.

I'm serious.

Either we put a stop to this horse**** right now or there is no time to do it tomorrow.

EVERYONE READING THIS MUST CHOOSE RIGHT NOW, TODAY.

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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
2008-09-17 12:08:40
Seektruth
Posts: 332
Incept: 2007-09-01
A True American Patriot!
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Great ticker.

Oh boy, if only people would wake up. I like the idea of a national strike. I'm up for it, but with the state of things most people just can't afford to do it. Of course, we know that when faced with the outcome of not doing something now to stop this crap, people really can afford it as a sacrifice in the interest of salvaging the future of this country. They think it's bad now...just wait.

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Those who hammer their guns into plows will plow for those who do not.
2008-09-17 12:13:41
Etrade_refugee
Posts: 4873
Incept: 2007-11-14
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KD, what is with the electronic payrolls not working? The thing that Pika-Steph mentioned. What banks and clearing houses?


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Current best estimates (6/17/2009):
CAR - 39 - 60 percent
CFR - 2 - 10 percent
Numbers are for the period 5/1/2009-4/30/2010
2008-09-17 12:16:26
Endodoc
Posts: 709
Incept: 2007-07-31

Online
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deleted

Last modified: 2008-09-17 16:15:14 by endodoc

2008-09-17 12:28:50
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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"People can't afford to do it."

Ok, you go ahead and believe that. How will you afford it when your payroll fails, your bank goes under, and your ATM card doesn't work because FOREIGN INVESTORS SAY NO MAS!

We are sitting on the CUSP of this **** right now folks. Either act now or don't bother acting at all.

The Treasury just announced TO THE WORLD that The Fed is out of money with their "special auction."

Think about that, then think about the likely FOREIGN GOVERNMENT reaction to that.

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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
2008-09-17 12:33:44
Fedup
Posts: 198
Incept: 2007-06-26
A True American Patriot!
East Jordan, Michigan
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I just want to the pigmen responsible for this.
I know it's not all their fault. greed is born in all humans.

Everyone I know is trying to keep their head above water and just put too much trust in the "system" (it will all work out) [****fan]

The friends and family I know are too busy working to do anything about this. They are also to dense to believe in "we the people"

2 day ago in the ticker "Citizenship Is Not A Spectator Sport" Jeheald put a link to a Ebook in his reply.
http://www.aeinstein.org/organizations/o....
I had time to read it and think it should be read by all.

What does it take for people to get it. I do not like what is happening.

I just changed my signature line. thanks Pablo

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Evil prospers when good men stand still


2008-09-17 12:33:52
Seektruth
Posts: 332
Incept: 2007-09-01
A True American Patriot!
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Gen...I don't believe that people can't afford to do it. Hence this part of my post: "Of course, we know that when faced with the outcome of not doing something now to stop this crap, people really can afford it as a sacrifice in the interest of salvaging the future of this country." I guess I should have put that people "just can't afford to do it" in quotation marks.

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Those who hammer their guns into plows will plow for those who do not.
2008-09-17 12:44:46
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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Well, I just got done spending time on the phone with my Senators 'splaining life to them, and pointing out that if someone doesn't start acting like a statesman and put a stop to this crap right here and now there won't be a problem with it tomorrow, as once foreign governments cut us off the game is OVER.

The internals I am seeing in the credit markets suggest it could happen RIGHT HERE AND NOW.

Like within the next two or three DAYS.

We are out of time. Either people act RIGHT NOW or it simply isn't going to matter.

If treasury market confidence disappears then the game is instantaneously over.

What you're seeing with stocks like Goldman is NOT just "evil speculators" - it is a reflection of what's going on in the credit markets.

They are BEYOND ugly.

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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

Last modified: 2008-09-17 12:54:18 by genesis

2008-09-17 12:52:49
Endodoc
Posts: 709
Incept: 2007-07-31

Online
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deleted

Last modified: 2008-09-17 16:15:50 by endodoc

2008-09-17 12:54:23
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