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Genesis Posts: 71422 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1075-T....
---------- "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
2009-06-01 09:03:32
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Emdeplam Posts: 1418 Incept: 2008-01-10 
USA/Germany
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Good luck with Paris... will wait for the User Presentation with her screaming ooohhhhh Ticker Guy is that the Chrysler building!!!!
---------- http://www.alizee-forum.com/gallery/ Last modified:
2009-06-01 09:07:56 by emdeplam
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Xanares Posts: 1288 Incept: 2008-11-10 
London
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Lloyd: What do you think the chances are of a guy like you and a girl like me... ending up together? Mary: Well, Lloyd, that's difficult to say. I mean, we don't really... Lloyd: Hit me with it! Just give it to me straight! I came a long way just to see you, Mary. The least you can do is level with me. What are my chances? Mary: Not good. Lloyd: You mean, not good like one out of a hundred? Mary: I'd say more like one out of a million. [pause] Lloyd: So you're telling me there's a chance... *YEAH!*
2009-06-01 09:13:26
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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 on a very serious day.
2009-06-01 09:14:21
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge Online
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China is getting everything it wants... I'm not worried about that!
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-06-01 09:15:06
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Rtfg Posts: 1917 Incept: 2007-06-26
Bazookaville
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That's hot!
2009-06-01 09:20:11
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Fatso Posts: 1764 Incept: 2008-02-03
Roll on up, gonna roll back down Online
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Hey, maybe her friend Nicole Ritchie would also be interested in helping with your Chrysler building.
---------- 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
2009-06-01 09:22:31
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Pikachu Posts: 5074 Incept: 2007-08-24
Down under
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haha Gen mate, there was an article posted where it was reported chinese university students laughed direct in Geitner's face when Geitner said US was fine in a speech at a Chinese Uni China knows very well its all BS, but they still play the game...
2009-06-01 09:22:50
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Jata1 Posts: 2378 Incept: 2009-03-08
mi
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if you can get a couple of ****tails in Paris, I'd say the odds are pretty good. much better than timmy
---------- Mayorquimby says- My Idea- Everyone gets Dick
2009-06-01 09:26:31
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Iliketrends Posts: 1919 Incept: 2007-11-26
Teyshas
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Who's whose bitch.........
---------- “The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the presidency. It will be easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president
2009-06-01 09:27:42
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Perfectstorm Posts: 188 Incept: 2008-02-25
florida
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IMO China is willing to pay to see us fail. It is cheaper for them than the cost of military parity. We here all wish they would quit enabling our spending habits so some necessary corrections and behavioral healing could begin. Maybe they do not want that. They will pull the plug at our weakest moment.
2009-06-01 09:28:15
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Samadams Posts: 357 Incept: 2008-12-03
San Antonio, TX
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Here's a long, but very thorough and interesting, look at the structural deficit and how to get rid of it: http://www.investorsinsight.com/blogs/jo.... This guy is a former Obama supporter who says that neither Obama nor anyone in his administration "get it" with regard to either: 1) How dangerous a growing debt-to-GDP ration can be (i.e. the mathematics of debt, what KD has been sledgehammering the table about since he started); and 2) What it takes to get out of it. Basically, he says that transfer payments and other payments that don't either enhance productivity or give someone the incentive to enhance productivity are not merely a waste of money, but speed the destruction of the economy. He wants the government to break its spending into 2 catagories, yearly spending and investments. The investment portion wouldn't count as part of the deficit, only depreciation of said expenditures (this makes sense - an aircraft carrier lasts 40-50 years, why expense it all when it is paid for?). He says that only big increases in productivity offer a chance to improve both the deficit and the jobs situation. Read it - again, its long, but it is WELL worth it. Then send it to your Congresscritter.
2009-06-01 09:52:58
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Photopro Posts: 371 Incept: 2008-03-18
Republic of Texas - got .308? Online
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perfectstorm +1 , it's all about the timing.
---------- It is very dangerous to be right when the government is wrong. — Voltaire http://www.RxSaveMoney.com
2009-06-01 10:10:45
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Otiswild Posts: 1341 Incept: 2009-03-09
Teegeeack
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I wonder if the Chinese will take Gummint Motors as collateral? Bwahahahahaha BOHICA beetches... ---------- It appears that the yard wolves has grown up. Are we finally finished with the colds dead winters?
2009-06-01 10:11:07
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Throxxofvron Posts: 2672 Incept: 2009-02-17
The Land of Bilk & Money
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Geez, Karl; You can do BETTER. OK, so China got it's face-save from from Geitner & laughed in His ( Our ) face... Obviously China is willing to play this game for a while longer as it is better than hitting the breaks and dealing with a few million of It's own angry Citizens at the moment. Obama and the crew have to realize that this window of opportunity to hustle foreign investors is going to be short lived and expensive, and that the Federal Budget and the QE Game is not going to be tolerable for very long; Whatever the strategy for dealing with the problem had better be cooked up pronto or things are not going to remain civil for very long. I imagine that the Chinese Currency B.S. is going to be tolerated until a tipping point in the US Treasury/Bond market reaches critical mass, then action will be taken whether plausible austerity measures are effected or not. Does Anyone remember 'Americathon' ? John Ritter player a John Edwards look-alike POTUS in this subversive classic film about a morally and financially bankrupt USA that is cornered by It's foreign investors into paying for It's debts forcing the President to actually have a Telethon where donations are begged and American property is Auctioned off. If I remember correctly Alaska is sold to the USSR and a wealthy American Indian Chief takes such pity as to give a large donation to stop the madness of the Country being sold off. At the end of the film a debt-free American Government rushes right back out to borrow more money immediately... I can't find a better clip; but this is a trailer that definitely projects the attitude: note the TV Circus antics used to confront angst over Generational Theft and a Failed Auto Industry! If Any TF'ers out there have better clips -or a video tape of this!- please contact Me as I'd love to have a copy of this subversive masterpiece... ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell Last modified:
2009-06-01 10:30:03 by throxxofvron
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Quote:IMO China is willing to pay to see us fail. It is cheaper for them than the cost of military parity. Yup. ---------- I say it's spinach, and I say the hell with it.
2009-06-01 12:34:25
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Tat668 Posts: 1700 Incept: 2007-09-09
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Quote:.. U.S. wants to shrink its budget gap as soon as an economic recovery takes hold Key words.. wants to shrink.. as soon as an economic recovery takes hold Just another closing technique, no mention of a time span. Another 10 or 20 years for that to happen, or till the end of this quarter. It seemed that the Chinese is keeping up the facade for Timmy and not call him a lair, yet. ---------- "Patience grasshoppers.... but your time to eat the bugs is coming......."- KD 9-1-2009 "This marks the beginning of the end."- Barack Obama 2-26-09
2009-06-01 14:13:50
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Tesla Posts: 8174 Incept: 2008-04-03
Delaware
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I think the Chinese woke up - from Mish... http://globaleconomicanalysis.blogspot.c.... Former Chinese Central Bank Advisor Questions Geithner's Math, Calls Federal Reserve Assets "Rubbish" A former Chinese central bank adviser says Global Crisis ‘Inevitable’ Unless U.S. Starts Saving. Another global financial crisis triggered by a loss of confidence in the dollar may be inevitable unless the U.S. saves more, said Yu Yongding, a former Chinese central bank adviser. It’s “very natural” for the world to be concerned about the U.S. government’s spending and planned record fiscal deficit, Yu said in e-mailed comments yesterday relating to a visit to Beijing by U.S. Treasury Secretary Timothy Geithner. The Obama administration aims to reduce the fiscal deficit to “roughly” 3 percent of gross domestic product from a projected 12.9 percent this year, Geithner reaffirmed today. The treasury secretary added that China’s investments in U.S. financial assets are very safe, and that the Obama administration is committed to a strong dollar. It may be helpful if “Geithner can show us some arithmetic,” said Yu. “We need to know how the U.S. government can achieve this objective.” The deficit is projected to reach $1.75 trillion in the year ending Sept. 30 from last year’s $455 billion shortfall, according to the Congressional Budget Office. The U.S. needs a higher savings rate and a smaller deficit on the current account, which is the broadest measure of trade, or “another financial crisis triggered by a dollar crisis could be inevitable,” the Chinese academic said. Referring to the Federal Reserve “as the world’s biggest junk investor,” and to Chairman Ben S. Bernanke as “helicopter Ben,” Yu said the Fed has dropped “tons of money from the sky since the subprime crisis.” “The balance sheet of the Federal Reserve not only has expanded like mad but is also ridden with ‘rubbish’ assets,” he said Yu Yongding is not the only one questioning Geithner's math. How about it Tim, can we see your scribbles? Mike "Mish" Shedlock ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-06-01 16:09:22
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Kab Posts: 628 Incept: 2009-04-02 Colorado Online
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Where does the "helicopter Ben" term come from, what does it mean? I've tried searching for it but it's used so often finding a reference to how it started is difficult.
2009-06-01 16:14:42
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Macfly Posts: 881 Incept: 2007-10-05 Online
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I believe it came from Ben himself during a speech in which he said if needed, they could drop money from helicopters to stave off deflation. from Wiki : In 2002, when the word "deflation" began appearing in the business news, Bernanke gave a speech about deflation.[22] In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press." In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation." ---------- Mishkin: Do not look into the bag... When you realize what's in the bag, you will realize the dollar is toast. Do not audit the Fed and force us to show what's in the bag. Be warned. Some secrets are best kept in the closet. Joe Q Public: Mishkin, STFU. Truth wins out eventually. -stuart on ZH Last modified:
2009-06-01 16:26:49 by macfly
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Kab Posts: 628 Incept: 2009-04-02 Colorado Online
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Then I have one question, where are all the helicopters?
2009-06-01 16:21:09
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Musashi Posts: 2945 Incept: 2007-11-06 Behind the Irony Curtain
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Samadams. That is a very good article with many positive insights. The bad news is that it also states the reason of why none of these things can possibly work in the US Quote:Third, at an even deeper and more theoretical level, there is the late Mancur Olson's magisterial The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities (Yale University Press, 1982). Olson explains from first principles how special interest groups become entrenched and, in defending their turf, usually cause nations to go bust. [Our "entitlements lobby" anybody?] Based on the fact that the US is the worldwide poster child of special interest groups, and that some of the fracture lines are totally irreconcilable, short of perhaps some states secession.
2009-06-01 16:40:07
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Mo Posts: 5501 Incept: 2007-06-26
Florida
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Quote:Then I have one question, where are all the helicopters? Kab, Bernanke seems to be under the illusion that banks are 'helicopters'. ---------- "The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."
2009-06-01 17:29:06
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Jstanley01 Posts: 2565 Incept: 2008-07-30
San Antonio, Texas Online
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Thanks for the pull-quote, Musashi. Before I read the whole thing and look up "Prisoner Dilemma," it's been evident for a long while that the Welfare/Nanny-State has become far too entrenched, over too many generations, to root out by political means. It will end only when it implodes. Edit (re: Prisoner Dilemma): Quote:...In this game, regardless of what the opponent chooses, each player always receives a higher payoff (lesser sentence) by betraying... However, if the other player acts similarly, then they both betray and both get a lower payoff than they would get by staying silent...Hence, the rational roots of the Mafia's Code of Silence. And in society in general, ethics, morals, and that long-dead concept called "honor." ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me Last modified:
2009-06-01 18:27:00 by jstanley01
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Friar_tuck Posts: 660 Incept: 2008-01-09 N. Cal
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I'd pay 4, mebbe 5 figures for video of the zipperheads laughing in Geithner's long canted face.
2009-06-01 18:17:36
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