11 Jul 2013

Rick Santelli Rages: "Who Is Bernanke Working For?"

Tyler Durden's picture Reminiscing on the good ol' days when traders and investors poured over fundamental metrics, CNBC's Rick Santelli looks upon the current environment as a single-factor "Bernanke-loves-me, he-loves-me-not" un-reality and the impact he has on savers. "It seems a little bit ridiculous," he understates before launching into two minutes of clarifying thought on just what it is that Bernanke is doing and that we are suffering through. Just who is Bernanke working for?

Expanding on the discussion last night, Santelli slams Bernanke for his flip-flopping view of the unemployment rate ("where was he during the elections when 'unemployment' was getting better?"


Angela Merkel isn’t a ‘sleeping Commie agent’. But she was not, and never has been, the ‘minor role wallflower’ she pretends to have been under Honneker’s Stalinist DDR
merkelostenptPower-mad bird (Merkel) sticking close to top guy (Stasi agent Osten)
The Slog: The picture (right) was taken in 1986. It depicts an outing to the Baltic Island of Rugen by members of the DDR version of The Hitler Youth: the FDJ – or in full, DDR-Jugendverbandes. The top Alpha-male at this gathering was Hans-Jörg Osten. And you’ll never guess who’s perched right next to him. Just as, after the collapse of the USSR, a mere ten years later, little Geli Merkel was perched equally close to the ample buttocks of Chancellor Helmut Kohl….whom she later shafted to take over the CDU leadership.

Facing New Peasant Revolt - Max Keiser with Yanis Varoufakis

Max Keiser and Stacy Herbert discuss the puffery behind politics and finance that has spawned a generation unable to see or understand the world around them, a world in which the chief economist of a major bank is warning we are on the eve of a new Peasants' Revolt. In the second half, Max talks to Professor Yanis Varoufakis about the latest in the Greek bailout saga, the collapsing German export market and what the future holds for Italy. Source

"If The Government [Still] Can't Allow Failure Then We Are Indeed Close To Collapse" - US Klarman Clarity

One of the most insightful comments explaining what happened last night, when Bernanke just killed all credibility that the economy may soon be able to stand up on its own two legs, comes from Seth Klarman who crushed the logic (or lack thereof) behind proclaiming any recovery in a world in which the only marginal factor preventing an all out collapse in the stock market and thus economy is, and continues, to be the Federal Reserve which has not only destroyed the market's discounting function, but with every passing day is taking over both the entire US economy (the Fed's balance sheet is now 25% of US GDP) and the US bond market (currently in possession of 30% of all 10 Year equivalents).

Inside the white hot Chinese gold market - GOLD Data & Infographic!! Comparing COMEX and the Shanghai Gold Exchange

Jan Skoyles: In the next part of our on-going look at the global gold market we now turn our attention to the Shanghai Gold Exchange. An exchange which has received more interest of late, than any other in the world of gold and silver.
Previously we have looked at the global gold market, COMEX, and more recently the London Gold Market. The next logical focus of our investigations is the Shanghai Gold Exchange. We also have a great infographic providing you with the top figures.
Given the significant rise of gold exports from Hong Kong to China, 68% yoy, this is a timely and informative research piece which shines a spotlight on the Eastern gold market in a time when many are declaring the end of the gold bull market. Given the huge demand for physical and reportedly high premiums on the gold price, we ask if this market may well be a better indicator of gold demand, and subsequently true gold prices, than either COMEX or London.
We do not yet believe that the SGE will become a gold price driver, but the significant volumes and deliveries seen on the exchange suggest that its role in gold price discovery will become significant…, if it is not already.

UK offshore Wind Farms - Great at producing RUST….and CO2

Another Big Green Government Fuck-up: maintenance costs to sky-rocket as the negatives of offshore wind power bubble to the surface
The rusty white elephant leaves the room….to pollute our oceans. What a mess this is.
The Slog: There is a private ‘arbitration’ case going through an English arbitration court at the moment. The 1996 Act passed to enable such things is basically a way to free up Court time taken up by complex technical disputes….and, dare I say it, keep prying eyes away from what’s going on. It involves two very large supply organisations. And from the sidelines, DEFRA is looking on with a growing sense of anxiety.

Britain blasted into offshore wind farms, and then upped the pace of it after being put on the naughty step by Brussels for not turning the entire country into a fart-recycling plant. In their haste to do Master’s bidding, the Mandarins of Whitehall called in some structural engineers, who gave them (on the whole) some sound advice about the height increase and structural bulwarking necessary for ocean use. But our fine men from the Ministry didn’t ask a metals expert to comment. Had they done so, they might have been reminded about something: steel and salt water are not the best of friends.

Femitheist Divine vs GirlWritesWhat (epic chick fight) + Another woman casually hires hitman for husband

RazorBladeKandy: Krista and Karen duke it out in the intellectual arena to work off their sexual tension.

9 Plagues That Are Collapsing Ponzi Faux Capitalism + Banksters Monopoly Press - Board Game

Freeman's PerspectiveBy Paul Rosenberg: Let me be blunt: Our Ponzi capitalist system is approaching failure.
Or, perhaps better said: Our marginally capitalist, partly-free market systems are approaching a massive collapse.
Not because of what capitalism is, mind you, but because the powers that be have bastardized it.
Capitalism can bear many distortions and abuses, but it is not indestructible.
And, make no mistake, the ‘capitalist’ system we have today has been massively corrupted, so much so that it’s sagging under the load… and will continue to do so until the proverbial straw breaks its back.

The 9 Plagues

    1. The average producer is being stripped bare. In the US, for example, the total take of taxes has not risen dramatically, but fewer and fewer people actually pay them. There was a big uproar during the last election cycle over the fact that 47% of working-aged Americans paid no income tax. That means that the half who do work (read suckers) are paying the whole. And more than that, they are also paying for the many millions who are on food stamps and disability. Producers are being punished and abused, made into chumps.

OMFG!! MPs 12% pay rise while poor learn art of skip surfing + Nick & Margaret we all pay your benefits + The villainous Mr Harry Cole = BBC Sucks O Cocks News

The Artist Taxi Driver

Rich Get Richer, Poor Get Poorer

Stefan Molyneux: In the fourth call on the 7/7 Freedomain Radio Call In Show, Stefan Molyneux discusses alternative currencies, the rich getting richer, the poor getting poorer and poverty as success.

US PIG: Adam Kokesh Beaten After SWAT Unit Raids Home + Callers React to Kokesh Arrest & Red Dawn In America

AJ: Days after Adam Kokesh staged an open carry protest by loading a shotgun in Washington DC, "storm trooper" police raided the former Marine's home last night, smashing in his door and deploying a flash bang grenade before arresting Kokesh."police repeatedly showed a volatile desire to initiate aggressive, forceful conduct with detainees,"

Solutions to fix the economy of every nation

"We've got to re-democratize self governance." Bill Still interview on Channel 66 - Israel. Bill discusses the two simple solutions to fix the economy of every nation. Source