tag:blogger.com,1999:blog-4921988708619968880.post277847962156000982..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: May 8 2010: Stoneleigh: The Imperial Eurozone (With All That Implies)Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-4921988708619968880.post-72611259644748169222010-05-11T01:56:52.222-04:002010-05-11T01:56:52.222-04:00I.M. Nobody -
I appreciate the comment.
I thi...I.M. Nobody - <br /><br />I appreciate the comment. <br /><br />I <i>think</i> we all agree that lending & borrowing to solely fuel consumption is a ponzi scheme. <br /><br />I'm not inclined to say any more on this subject. My comments were intended to clarify, not create a dispute over the current state of affairs.btravenhttps://www.blogger.com/profile/15396136829377883183noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24920405245020113752010-05-10T21:04:16.903-04:002010-05-10T21:04:16.903-04:00New post up.
The real systemic risk
.New post up.<br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2010/05/may-10-2010-real-systemic-risk.html" rel="nofollow"><b>The real systemic risk</b></a><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18802238442158590622010-05-10T20:59:26.867-04:002010-05-10T20:59:26.867-04:00Ed Gorey: I think you are actually better off tha...Ed Gorey: I think you are actually better off than you believe on the gold end, because, once the nuclear explosion happens and the paper currencies die, the seizures begin.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-55396669809793497202010-05-10T20:43:32.572-04:002010-05-10T20:43:32.572-04:00jal: The entire mechanism is dependent on such li...jal: The entire mechanism is dependent on such lies. Otherwise, they won't have enough places to hide the bodies to burn them, much less bury them.<br /><br />It's not your money, it's not your life, it's nothing anymore.Starcadehttps://www.blogger.com/profile/09226367306835781483noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85584786237830631012010-05-10T19:58:21.279-04:002010-05-10T19:58:21.279-04:00Has anyone read 'This Time is Different' b...Has anyone read 'This Time is Different' by Reinhart and Rogoff? Would you recommend it?Erin Winthropehttps://www.blogger.com/profile/17535747338165517395noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42713564196132183472010-05-10T19:11:28.403-04:002010-05-10T19:11:28.403-04:00Did anybody notice ... there was no complaints abo...Did anybody notice ... there was no complaints about the $1T, (yep it's a T), "fat finger" that made the market go up?<br /><br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15719817708956262822010-05-10T18:45:42.110-04:002010-05-10T18:45:42.110-04:00Ric said...
What keeps me engaged is the sense of...Ric said...<br /><i><br />What keeps me engaged is the sense of living during the collapse of the the most immense empire in the history of the world. Imperial Rome's got nothing on this. For an artist, such times can only be watched with awe--and hopefully I'm prepared and lucky enough to help pick up the pieces. Though in this case it may be best not to be a survivor.<br /></i><br />Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5268326607983564872010-05-10T17:57:14.532-04:002010-05-10T17:57:14.532-04:00Ilargi & btraven,
I should know better than t...Ilargi & btraven,<br /><br />I should know better than to get in the middle of this, but apparently I do not. Wikipedia has this to say about one John D. Rockefeller.<br /><i><br />While his brother Frank fought in the Civil War, Rockefeller tended to his thriving business and hired substitute soldiers to fight in his place. He also gave money to the Union cause, as did many rich Northerners Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40641841190548412172010-05-10T17:55:19.899-04:002010-05-10T17:55:19.899-04:00@Bukko Canukko
How "smart" is that? Sma...@Bukko Canukko<br /><br /><i>How "smart" is that? Smart like a fox who gets into the henhouse and eats so many chickens that he's too fat to get back through the hole in the fence when he hears the farmer coming with the shotgun...</i><br /><br /><a href="http://tinyurl.com/24tg75h" rel="nofollow">Pride goeth before destruction</a>soundOfSilencehttps://www.blogger.com/profile/13710900939537685362noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-281035032918262582010-05-10T17:06:15.691-04:002010-05-10T17:06:15.691-04:00Very few people are capable of doing “HARD LOVE” d...<i>Very few people are capable of doing “HARD LOVE” decisions by saying NO</i><br /><br />Having had more experience with drug addicts than I'd wish on anyone, say NO to an addict only if you're prepared to go to war with them. I can count on one hand the people I personally know who are not addicts of something--most are credit addicts and all are inhuman and extremely dangerous when Richttps://www.blogger.com/profile/01092313041560676587noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71997490555163677182010-05-10T17:02:48.253-04:002010-05-10T17:02:48.253-04:00BTraven
I don't mean to attack you, but the d...BTraven<br /><br />I don't mean to attack you, but the distinction you tried to make suggests that Stoneleigh should have made that herself. Which is not so, because what she says is right: you can't borrow your way to riches. That is, pure borrowing, not borrowing used for a purpose.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-72360374025698211062010-05-10T16:59:54.297-04:002010-05-10T16:59:54.297-04:00"Ilargi or anybody else, can you please expla...<i>"Ilargi or anybody else, can you please explain Tyler Durden's argument to me?"</i><br /><br />What part of it? <br /><br />From what I see, except for some things he's missing (Bernanke has deliberately beggared the dollar for a long time, little to do with this Euro schmeuro stuff), Durden says what we've been saying all along.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-555454769399135022010-05-10T15:54:50.207-04:002010-05-10T15:54:50.207-04:00@Greenpa,
Who will the financier hire to keep the...@Greenpa,<br /><br />Who will the financier hire to keep the security chief's family under guard? Or guard his own family from the clutches of the security chief?<br /><br />What I am getting at is that hoping to set up as a neo-feudal lord is not a Financial Power That Is's best policy. The current power system is one of lawyers, guns, and money. When the money goes (that is, when Kahttps://www.blogger.com/profile/05667147292403648981noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32516049931624529242010-05-10T15:03:42.287-04:002010-05-10T15:03:42.287-04:00btraven: "Stoneleigh: Attempting to borrow yo...btraven: "Stoneleigh: Attempting to borrow yourself into wealth absolutely never works, no matter where you live.<br /><br />There needs to be a distinction between borrowing to enhance consumption vs borrowing to enhance production. "<br /><br />Ilargi: "That distinction is irrelevant, because Stoneleigh doesn't talk about production, but purely and only about borrowing.<br />btravenhttps://www.blogger.com/profile/15396136829377883183noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13133334736551486032010-05-10T14:18:41.176-04:002010-05-10T14:18:41.176-04:00After reading Durden and Jim Sinclair, I suddenly ...After reading Durden and Jim Sinclair, I suddenly wish I hadn't sold my gold.<br /><br />Jim Sinclair:<br />"A nuclear solution to Europe’s debt problems is simply another way of saying "Quantitative Easing to Infinity."<br /><br />All national debt will be bailed out. All states of the USA will be bailed out.<br /><br />Paper currencies are headed to dust.<br /><br />Erin Winthropehttps://www.blogger.com/profile/17535747338165517395noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66535727952389502752010-05-10T14:09:50.827-04:002010-05-10T14:09:50.827-04:00Ilargi or anybody else, can you please explain Tyl...Ilargi or anybody else, can you please explain Tyler Durden's argument to me?<br /><br />from Zero Hedge:<br />"total and unprecedented monetary lunacy, as every cental bank, under the orchestration of the Federal Reserve, will throw money at the problem until it goes away, which it won't. As we have long expected, Bernanke is now willing to sacrifice the dollar at any cost to Erin Winthropehttps://www.blogger.com/profile/17535747338165517395noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19796628690184470602010-05-10T13:14:37.723-04:002010-05-10T13:14:37.723-04:00Even the main stream medias are saying the same th...Even the main stream medias are saying the same thing as the bloggers ... things are not going to get better in the long run. What the EU did was to “kick the can down the road”.<br /><br />Even Canada put up a $30B (yes, that is a B, not meant to be an M), line of credit that will never be paid back. <br />Yes, they know that it is throwing good money after bad money. However, what else can theyjalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42070112579427925522010-05-10T12:26:51.116-04:002010-05-10T12:26:51.116-04:00I have a one bit volatility index - can I reload Z...I have a one bit volatility index - can I reload Zero Hedge? Current reading is 0.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-31260127243717577872010-05-10T12:26:51.117-04:002010-05-10T12:26:51.117-04:00European markets up - 10.35 %. Positive but insane...European markets up - 10.35 %. Positive but insane.Lukashttps://www.blogger.com/profile/14086858297195259881noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5178618200651432482010-05-10T12:23:44.494-04:002010-05-10T12:23:44.494-04:00jal
"The smart money managers of institution...jal<br /><br />"The smart money managers of institutional money will cash out at the first sign of danger."<br /><br />You are partial to oxymorons.<br /><br />The "smart" money managers of larger institutions are primarily concerned with keeping the jobs over the next 6 months and perhaps getting some embezzlement and graft on the side for their retirements. <br /><br />For el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59463660106807496672010-05-10T10:40:08.242-04:002010-05-10T10:40:08.242-04:00Circuit breakers are in place for when the market ...Circuit breakers are in place for when the market goes down too fast.<br /><br />What is in place for when the market goes up too fast?<br /><br />(What goes up must come down)<br /><br />The computers are back online taking huge fees and commissions for their owners.<br /><br />If you thought that there was any money left in your "pension plan" forget it.<br /><br />The smart money jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19476451587112916822010-05-10T10:23:54.465-04:002010-05-10T10:23:54.465-04:00Ka said...
@El G.
They just might wind up with all...Ka said...<br />@El G.<br />They just might wind up with all the marbles on their neo-feudal estates.<br /><br />"Trouble with that scenario (for them) is they'll need a security force to protect their marbles, but what's to stop the chief of security from taking them?"<br /><br />Good heavens, are you serious?? That problem is as ancient as society; and the answers are Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8067320612532887942010-05-10T10:02:10.968-04:002010-05-10T10:02:10.968-04:00I love the sound of jingo in the morning...
Now t...I love the sound of jingo in the morning...<br /><br />Now that the markets are getting set to open after last week's hair-raising "performance," and the dialogue still continues over "what it all means," I see over at Seeking Alpha at least one blogger has the good sense to point out <a href="http://seekingalpha.com/article/203920-those-lights-are-off-on-purpose?source=Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-18603037369510519602010-05-10T05:41:58.386-04:002010-05-10T05:41:58.386-04:00About that $1 tillion EU/EuroZone/IMF bailout:
1)...About that $1 tillion EU/EuroZone/IMF bailout:<br /><br />1) It eliminates debt rollover risk for peripheral Europe for the next 2 years and thereby saves the European banking system for another 2 years.<br /><br />2) It has no mechanism to ensure fiscal austerity in peripheral Europe. Therefore, if peripheral Europe fails to follow through with austerity measures due to violent protests, thenErin Winthropehttps://www.blogger.com/profile/17535747338165517395noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51350567287954836172010-05-10T05:05:42.611-04:002010-05-10T05:05:42.611-04:00"The oligarchs blew their last possible credi..."The oligarchs blew their last possible credit / asset bubble with the transfer of the bankster losses and the collapsing credit Ponzi to the world's taxpayers. Now the "creditworthiness" of the krill to feed the monster has become suspect."<br /><br />Yes, except now the euro sovereign debt load looks set to be heaped upon the worlds taxpayers as well judging by this zanderhttps://www.blogger.com/profile/15352619368764868819noreply@blogger.com