tag:blogger.com,1999:blog-3397167328061019765.post7594614374941713098..comments2024-01-16T03:55:26.266-05:00Comments on Welcome to Pottersville 2 (Blogging Against Fascism!): What They Are Not Telling UsCirzehttp://www.blogger.com/profile/07070125217972397204noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3397167328061019765.post-82336457118585728542010-02-06T08:47:08.192-05:002010-02-06T08:47:08.192-05:00I hate to say it, Jolly Roger, but you've ment...I hate to say it, Jolly Roger, but you've mentioned something that has crossed my mind (and that I've written about) several times: that we are lunging down a tortuous, rocky, danger-filled path laden with the type of "shocks" documented by Naomi Klein that usually just happen to 3rd world countries (or the USSR).<br /><br />Most people never put two and two together when the USSR collapsed, seeing the sellout from within and the takeover of the resources by the Tom Delayites (to put a too fine point on it prolly). It was chaos over there as they entered into 3rd or 4th world status for about a decade, and their assets, built by the heart-rending poverty of the people on the bottom were divvied up by foreigners and connected insiders - thus the trials of those infamous Russian businessmen.<br /><br />We already are hearing that the rich are starting to recover their <i>self esteem</i> by picking up the cheap assets left by that financial earthquake and that their brilliance for everything else makes them eligible for bonuses even when the taxpayers had to bail them out (which according to the proposed "cleanup" legislation will become the "correct" way to deal with future bubble blowouts). The serfs will pick up the final tab - just like the USSR's did. And people wonder why the KGB has reemerged so strongly? Ha! If it wasn't in the plan, it should have been.<br /><br />And our new <i>wealthy</i> owners have got some pretty "good" arguments, don't they?<br /><br />After all, it's still a country rich in assets, although the citizens have "burdened themselves with heavy debts and must learn to live with less."<br /><br />Interesting idea about that "longed-for third world theocracy" being prepared by the Rethug/Tea Partyers now.<br /><br />Yeah. It's <i>just</i> like the American Revolution, ain't it?<br /><br />And, trust me, according to my international sources, China and India and Russia (not to mention our benevolent rulers like SA's Ali Busha) know exactly how they are going to deal with the devalued US $$$.<br /><br />And Obama's role in this? I quit expecting anything good from him after the appointment the first week of Geithner and Summers. Obviously, they were all in it together: Goldman Sachs and Morgan Stanley forever, huh?<br /> <br />Thanks for commenting.<br /><br />S<br /><br /><i>Our situation is so close to the Soviet situation of the late 1980s (including a guy who increasingly looks like our version of Gorbachev) that I really don't see how we avoid the same fate.</i><br />_______________Cirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-78506297050247115062010-02-06T04:11:15.706-05:002010-02-06T04:11:15.706-05:00Our situation is so close to the Soviet situation ...Our situation is so close to the Soviet situation of the late 1980s (including a guy who increasingly looks like our version of Gorbachev) that I really don't see how we avoid the same fate. I actually think that some of the folks of the right wing know this, and that their extremism is calculated so that when the time comes, they can set up their longed-for third world theocracy down in Dixie.<br /><br />Given that this country is not going to survive (and I don't think you can argue with a straight face that it will, if you take everything about to hit us into consideration and then add the obstructionists who are keeping things from being fixed,) then the questions become (1.) How will the debt of the former US be divvied up, if it even can be, and (2.) how hard a hit are places like China and Saudi Arabia going to take?<br /><br />An interesting time is coming. It's just around the corner. You can almost see the headlights now.Jolly Rogerhttps://www.blogger.com/profile/15386411633471396349noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-17633932673630071032010-02-05T09:18:20.267-05:002010-02-05T09:18:20.267-05:00suzan, you now know as much as i do...i had seen t...suzan, you now know as much as i do...i had seen the same story with less detail at zero hedge, but since i dont really cover the market, i skipped by it until financial times linked back to this one at market ticker...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-12788087920007813992010-02-05T07:26:02.508-05:002010-02-05T07:26:02.508-05:00Yikes.
I was just reading about Blackrock's l...Yikes.<br /><br />I was just reading about Blackrock's latest moves.<br /><br />Need better research.<br /><br />Let me know what you find and thanks for pointing out the latest Mauldin.<br /><br />S<br /><br /><i>Where did Blackrock get the money?</i><br />_____________Cirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-90126534371302591442010-02-04T13:12:58.467-05:002010-02-04T13:12:58.467-05:00well, im not saying there's not somethings fis...well, im not saying there's not somethings fishy going on...<br /><br /><a href="http://market-ticker.denninger.net/archives/1927-guid.html" rel="nofollow">Where Did They Get The Money? (BlackRock)</a> - We counted over 1,800 13Gs that Blackrock dumped on Friday. For those less familiar with the 13G, since we don’t often write about these filings, it’s a requirement when ownership exceeds 5% of the outstanding shares. With few rare exceptions, these filings represented new positions for Blackrock since we only counted 11 amended 13Gs, Where did Blackrock get the money? Blackrock has just $3.96 billion in cash on hand according to the most currently numbers on Yahoo Finance. The S&P 500 alone has a market cap of some $13 trillion dollars. Something "funny" is going on here folks, and it demands an inquiry - and answer. The underlying question remains - if and when something goes wrong, what does Blackrock have available to them to deal with it when they're managing an asset base larger than that of The Federal Reserve?rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-78628150119599257942010-02-04T12:10:42.684-05:002010-02-04T12:10:42.684-05:00I'm kinda of with you on this one, but there a...I'm kinda of with you on this one, but there again . . . they are still manipulating the energy and <i>green</i> markets . . . so who knows how much and where?<br /><br />The bubble(s) can be anywhere as we've already learned to our great chagrin - even in markets where lots of investment is needed to actually make a difference.<br /><br /><i>with all that funny QE money sloshing around out there from the world's central banks; its all got to go somewhere</i><br /><br />S<br />__________Cirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-3397167328061019765.post-26986568254418203082010-02-04T10:34:43.645-05:002010-02-04T10:34:43.645-05:00american thinking is still dominated by euro-centr...american thinking is still dominated by euro-centricity, but there's a good reason we call it the "old world"...whether this current crisis is the straw that breaks the old camel's back or not i cant say (latest is that although germany seems satisfied with greece's austerity program, greek unions are very unhappy and there will be strikes and or riots), but as mauldin lays out, there's just too much debt out there that wont be paid back for the union to survive... demographics argue against europe and japan as well, as both have aging and declining populations...<br /><br />there have been allegations of manipultion in our stock markets, propping up the price, but i dont even think such an effort would really be necessary, with all that funny QE money sloshing around out there from the world's central banks; its all got to go somewhere, so despite insider selling, a lot of it continues to leak into stocks and commodities...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com