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| User Info | The Potential End Of America's Government in forum [Ticker] | |||
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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.denninger.net/archi....
---------- 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 18:36:08
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Etrade_refugee Posts: 4873 Incept: 2007-11-14 
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I'll be in the street tomorrow, Mr. Denninger.
---------- 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 18:47:19
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Starbork Posts: 231 Incept: 2007-10-23 
San Francisco, CA
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Somber stuff indeed, and well needed. I've had some trouble trying to get my own head around the core and causes of the financial crisis, and more trouble trying to explain it to others. I guess the short, communicable summary for Grandma is "No more bailouts, all the big finance houses must come clean with their books immediately, and regulators MUST launch a Manhattan-project effort to clean house and enforce the laws NOW, or our friendly foreign debt-servicers are going to cut us off - and we'd be ruined as a nation overnight." Thanks again Karl for all you're doing - especially kicking us in the collective ass to step up and defend our way of life in this precarious moment. Last modified:
2008-09-17 19:07:25 by starbork
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Fatso Posts: 1489 Incept: 2008-02-03
Roll on up, gonna roll back down Online
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I've started e-mailing the Ticker nightly to friends and family.
---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan 2008-09-17 18:55:03
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Viperjason Posts: 894 Incept: 2008-03-06
Reno
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Excuse my ignorance but how is this different than selling bonds to finance government spending for programs like medicare, defense, SS, etc? Isnt that also printing money?
2008-09-17 19:31:17
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Margincalltime Posts: 811 Incept: 2008-04-01
NJ
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Am I completely off base or wasn't the French the ones who poured out into the streets over labor laws changing and forced the government to change the policy back to what it was? Wasn't it the work week changing or something like that? Does that mean we're worse than the French?
2008-09-17 19:32:05
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Margin - yep. We're more pussified than the French. ---------- 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 19:32:32
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Honorius Posts: 354 Incept: 2008-05-21
Asylum
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Quote:Margin - yep. *cough* *cough* ---------- "[...] the truth is demanded only when it supports a preset ideology" 2008-09-17 19:34:35
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Stormsailor1981 Posts: 8447 Incept: 2007-06-26
charlotte nc
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i just sent off e-mails to my senators and rep. i put several exclamation points in my writing, that is a security trip. so i'll probably have all my phone, computer, conversations recorded or monitored for quality assurance. i told them that it was their duty. Do your duty in all things. You cannot do more, you should never wish to do less . Robert E. Lee Duty is the most sublime word in our language. ... i also told them it had to be done right now! i told them that we were at possibly the gravest point in our nations history. ---------- "one man with courage makes a majority" andrew jackson 2008-09-17 19:40:27
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Leraconteur Posts: 7189 Incept: 2007-12-03
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Mais vous êtes le Québécoise!
2008-09-17 19:56:25
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Meatpuddle Posts: 630 Incept: 2007-07-26
Madame Merriweather's Mudhut Malaysia
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Some asshat Fed ****er on Kudblow's just said we should get rid of "silly" mark-to-market accounting as these various financial institutions should be able to hold this paper at any value they say it is worth until maturity and mark-to-market is what is creating this mess. LOL! Talk about one twisted mother****er.
---------- "the idea that you're "entitled" to a 5 or 6 percent 30 year mortgage is horse****, and so is the housing prices that it has created." - Genesis 2008-09-17 19:59:41
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Noobage Posts: 390 Incept: 2008-03-09 Pigmen's Planet
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Those people are just insane. "mark-to-market is what is creating this mess" ...dear God...
2008-09-17 20:01:16
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Antoine Posts: 3 Incept: 2008-07-22
Toronto
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I'm very dejected, I highly doubt the Gov't will do anything until it's too late, they've decided to treat a solvency crisis as a liquidity event and made it worse....I'm doubtful Americans will do anything.....they are complicit in the lies...compromised people don't/can't act..... S&P 800.....here we come!!! ---------- Silentium est Aureum 2008-09-17 20:03:41
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Prhyme Posts: 176 Incept: 2007-06-26
Chicago, IL
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Wow i must say. months ago that kind of stuff woulda been considered tinfoil. very somber stuff. i dont think the Fed will keep printing though. as much as they dont want an economic collapse, they're just not going to keep bailing out the next financial institution in trouble. they gonna look out for theyre own ass in the end. deflation will be the end game. ---------- "At what point shall we expect the approach of danger? By what means shall we fortify ourselves against it? Shall we expect some transatlantic military giant to cross the ocean and crush us at a blow? Never! All the armies of Europe, Asia and Africa combined, could never by force take a drink from the Ohio, or make a t 2008-09-17 20:06:18
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Prhyme, they already printed $100 billion, $40 billion today, and the rest over the next few days.
---------- 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 20:06:52
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Guydaley Posts: 10361 Incept: 2007-07-10
Missouri & Wyoming
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Karl - I forwarded your video to everybody on my MSN Mail list and its a very short list because I don't know many people worth knowing. I also know what each and every one of them will do about it. BUT, at least I sent it out. Oh and the word is apathetic, not pussified. Americans aren't going to know a ******n thing about what happened today or in the last week UNLESS they are tuned in to the appropriate news channels. Then they have to piece the clues together and so on. I don't know how to get the message out to Americans unless I go door-to-door which will be a miserable, inefficient method of getting Americans informed. I'll go to our piece of **** little theater and see what it will cost to get your video as a prelude to movies. Oh God, would that be funny. I'd just LOVE to see the reaction of the sheeple to your video at a movie theater. I'm guessing that the theater management WOULD NOT allow your video to be shown even if I paid for it because it would be too controversial, tinfoil, or whatever. But I will inquire anyway and post the results here. ---------- 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. 2008-09-17 20:10:48
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Blackswan Posts: 3361 Incept: 2007-11-06
Execution Pit
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Thanks KD. I was out walking the dog and i could hear someone talking about the AIG bailout. Someone asked me about the market this weekend. They were bullish. I said 1070 s and p is coming soon. They thought i was nuts. I warned a lady at work about wamu. The rest think i am a doom and gloomer. I think we are getting close to a tipping pt. I will send this out to all my friends and family. It is safe to send and not sound like a whacky gloom and doom tinfoiler. I believe this is what prevents most people from mass distributing this in email. So **** and dont be a pussy. Time to rally. (Excuse blackberry typos)
---------- The market can crash further then you can remain short. Trade the moon cycle not the tape you want. 2008-09-17 20:18:30
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Etrade_refugee Posts: 4873 Incept: 2007-11-14
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KD, I want to say that the fellow who was being interviewed on Fresh Air tonight (NPR evening program) talked for 45 minutes about the situation - and he sounded like you, albeit calmer. That radio interview reached a lot of people tonight . . . I think they will start waking up soon. Oh, the host of Fresh Air (who is decidedly to the left of my personal politics) actually called it socialism on the air . . . which shocked me. ---------- 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 20:22:06
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Honorius Posts: 354 Incept: 2008-05-21
Asylum
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Quote:I'm guessing that the theater management WOULD NOT allow your video to be shown even if I paid for it because it would be too controversial, tinfoil, or whatever. A good way to appear less tinfol like would probably be to not mention stuff like destruction of governement, Zimbabwe or Weimar republic. Those are mental image that are too extreme for most people. They won't accept it. Mentionning destruction of currencie, savings, and inflation is probably good enough and will keep you within reach of most "sane" people. ---------- "[...] the truth is demanded only when it supports a preset ideology" 2008-09-17 20:22:26
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Panamax Posts: 547 Incept: 2008-07-17
Sunnyvale
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As far as printing, this chart: http://research.stlouisfed.org/fred2/ser.... shows the "printing" that has been going on over the past ~20 years. 2008-09-17 20:25:26
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Meatpuddle Posts: 630 Incept: 2007-07-26
Madame Merriweather's Mudhut Malaysia
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KD, great analysis of the wicked looting operation that is going on. So the goal with the "evil shorts" is to crater one (or several) financial institutions at a time, cherry pick the good assets, and then leave the garbage on the Treasury's books - presumably to be inflated away? And why are these evildoers doing this? BECAUSE THEY CAN. Mark-to-make believe allows the bandits to target one institution after another and the institutions are defenseless against it because they haven't come clean about their books. It really is that simple. This will end when every financial institution has been gutted by the pigmen. I don't have to tell you but eventually this also means a bond collapse. Not necessarily because the Treasury has taken on so much garbage (although they certainly have!) but because of the crowding out principle of economics. The "government" will effectively crowd out all other players from the credit market and drive everyone into treasuries. Once folks are "all-in" with the bond bubble, that one will crater as well and the real trouble will start. BTW, I don't disagree with your Wiemar statement, but I prefer a more distilled vision for chaos in hyperinflation. When money becomes worthless, all those that have a lot of it are instantly wiped out, and those that have tons of debt can easily pay down the debt. A complete reversal of fortunes with unpredictable, and usually violent, results. ---------- "the idea that you're "entitled" to a 5 or 6 percent 30 year mortgage is horse****, and so is the housing prices that it has created." - Genesis Last modified:
2008-09-17 20:36:46 by meatpuddle
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Slartibartfast Posts: 2420 Incept: 2007-12-04
San Francisco
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Follow this link to Digg, Reddit, Mixx. If you took the time to watch the ticker, you can take the time to do this. http://www.tickerforum.org/cgi-ticker/ak.... ---------- Cthulhu R'yleh Goldman Sachs 2008-09-17 20:39:31
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Bluntfacts Posts: 693 Incept: 2007-10-09 Las Vegas, Nevada
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Just one comment before dinner. 1) NBC Nightly News at 5:30PM. Brian Williams with the CNBC folks. Joe Kernan saying a 3 month T-bill is 2 basis points. Is that FREAKING POSSIBLE? A 90 day T-bill fetches 0.02% or did I just hear it wronG? ---------- "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. Last modified:
2008-09-17 20:42:44 by bluntfacts
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Pcap Posts: 12224 Incept: 2007-08-16
Canada
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We had a discussion on this today over a lunch meeting, the other guys (our investors) had no idea about printing money vs repo loans vs anything... they were stammered. They want to invest in our fund. Thank you for teaching me so much! ---------- ``We know in a crisis the Federal Reserve tap would be open'' Former St. Louis Federal Reserve President William Poole Maximize the pain 2008-09-17 20:43:55
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Ads215 Posts: 3302 Incept: 2007-11-03
Between Cleveland and Akron Online
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Just sent it to everyone in my personal address book and tomorrow am sending it to my entire work address book. If my boss doesn't like it that's just too damn bad. 2008-09-17 20:51:10
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