Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1372417 Comments:2390
A 30-50 year virtuous cycle of credit expansion which has produced outsize paranormal returns for financial assets-bonds, stocks, real estate and commodities alike-is now deleveraging because of excessive risk and the price of money at the zero-bound. We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
This quote from Bill Grosss February comment for Pimco neatly summarizes in one sentence the main theme we have been emphasizing in our own comments for many years. Periods followed by credit crises are almost always followed by many years of below average growth, anemic expansions and frequent recessions.
A 30-50 year virtuous cycle of credit expansion which has produced outsize paranormal returns for financial assets-bonds, stocks, real estate and commodities alike-is now deleveraging because
we can no longer pull outsized returns of oil from the following ex colonies.
The same ex colonies which gained their 'independence' o about 30-50 years ago....;}
"The sheer level of 20th-21st century economic, political and military intervention by Western powers in countries that exceed the 12% "Norway threshold" is clear, and most of the time these forms of intervention lasted well beyond WWII. Even countries that were never technically colonized or invaded, such as Saudi Arabia, Bahrain and Oman, have operated with very strong ties to Western powers for many years. Most of the the other countries, of course, were part of the equally imperialistic Soviet Union until its demise around 1990.
Who could have known that a continuous imperialistic presence in these regions over the course of decades would leave some of the "nastiest, most dangerous" countries in its wake?? Perhaps the same people who could have known that decades of reckless credit creation would destroy the internal organs of developed economies. BUT, now, we are approaching the end game of Western finance and imperialism. Just like the former Soviet Union, the Western imperial powers are now over-leveraged, over-indebted, over-extended and over-developed.
These powers were given a little shove and now we can watch them topple. First, we witness the wrath of a banking crisis that makes 0-1% annual economic growth seem like a miracle, and makes the combined central authorities of the Western world seem impotent. That is exactly where we are now.
Taliban kill 4 French troops in Afghanistan Taliban kill 4 French troops in Afghanistan NATO forces in Afghanistan say four international service members have been killed in an insurgent attack in the country's east.More >> A Taliban suicide bomber disguised as a woman wearing a burqa blew himself up in a market in eastern Afghanistan on Saturday, killing four French troops, officials said.More >>
The exit pollsters MO never changes. In the recall, the pundits said it was too close to call. Im quite sure that Barrett was winning, but the media knew the fix was in so they had to keep it close. They knew the actual exit poll numbers would not see the light of day. But they sure called it quickly for Walker, didnt they?
And lets not forget the 2000 selection. The media told us the election was close in Florida and nationwide. But they did not tell us that Gore won the 1) National Exit Poll (13,108 respondents)by 48.5%-46.3%, a 2.7 million margin. 2) 50 state exit polls (58,000 respondents)by 50.8%-45.5%, a 6 million margin. 3) Florida exit poll (1,816 respondents)by 53.4%-43.6%. a 500,000 vote margin.
The media myth is that 1) Gore won the national popular vote by 540,000 votes. 2) Bush won Florida by 537 votes.
All we know is that the Florida recount was halted by the Supreme Court.
Gore won exit polls in the following states but lost all in the official vote. He needed just ONE to win the election. 2000: AL AR AZ CO FL GA MO NC NV TN TX VA
I have a South Vietnamese Flag on my truck you gibbering libTURD SCUM. Believe it or not, this is one of the few times, maybe the first that MD has actually provided a Fact....;}
"You then TRY to color me as having some basic original sin like being a racist. As if having a Confederate battle flag on your truck would be an act of racism."
But HERE's the gem of info....;}
MD, having No way of thinking past High School Formal Level, automatically equates the Confederate Battle Flag with Racism.
But Then puts the Fact of the 'ARVN battle flag' up.
When, at my local WalMart, it would come as No Surprise to see BOTH on a truck...
Md thinks he's more sophisticated by Just having the ARVN battle flag.
So tell me, MD. What's the significance of the ARVN battle flag?
And of course, fuck you very much....sincerely.....8D
LOL!
Same old libTURD play book eh mctoejam?
Hey mctoejam, feel free to quote me LYING about ANYTHING, EVER, on this or any other site creep.
That's what you libTURD SCUM do isn't it SCUM?
You make unsubstantiated charges about people you despise such as me.
You have to LIE about my behavior! as if SCUM such as you are important enough for me to give a rusty F what SCUM such as you "think" about ANYTHING!
LOL!
I agree that thinking that a Confederate battle flag indicates "racism" is "high school thinking" mctoejam.
But, ...that's how you libTURDS "think" SCUM.
Who are you talking to mctoejam?
Yourself? Your HERD?
There is no such thing as an "ARVN battle flag" you ignorant libTURD SCUM.
That you would even TRY to make the Republic of South Vietnam "the same" as the Confederate States of America shows what absurd little miserable, ignorant, foul, LYING libTURD SCUM you are.
I'd expect no less from a person who hates their own brother, (who he claims died at ANZIO "with no extraordinary courage"), and PISSES all over HIS memory as a matter of "politics" as usual.
You want to know the difference between the Flag of the REPUBLIC of SOUTH VIETNAM and the CONFEDERATE BATTLE FLAG in my life mctoejam?
My great great grand father fought for SOUTH CAROLINA, for the Confederacy, against an out of control feral gooberment.
I fought in support of the right of Republic of South Vietnam to exist and against the INVASION of the Republic of South Vietnam by communist tyrants.
LOL!
You don't pass the physical to fuck me SCUM, you'd have to HUMAN, you'd have to be FEMALE, and you'd have to be a decent person.
I wouldn't PISS on you if you were on FIRE , SCUM.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
An old gentleman lived alone in New Jersey. He wanted to plant his annual tomato garden, but it was very difficult work, as the ground was hard. His only son, Vincent, who used to help him, was in prison. The old man wrote a letter to his son and described his predicament:
Dear Vincent, I am feeling pretty sad because it looks like I won't be able to plant my tomato garden this year. I'm just getting too old to be digging up a garden plot. I know if you were here my troubles would be over. I know you would be happy to dig the plot for me, like in the old days.
Love, Papa
A few days later he received a letter from his son. Dear Papa, Don't dig up that garden. That's where the bodies are buried. Love, Vinnie
At 4 a.m. the next morning, FBI agents and local police arrived and dug up the entire area without finding any bodies. They apologized to the old man and left. That same day the old man received another letter from his son.
Dear Papa, Go ahead and plant the tomatoes now. That's the best I could do under the circumstances. Love you, Vinnie
As iron sharpens iron, So a man sharpens the countenance of his friend. -Proverbs 27:17 (NKJV)
Afghanistan Withdrawal Date The announcement came just hours after four French soldiers were killed by a suicide attack by John Glaser, June 09, 2012 Print This | Share This
Verifying earlier reports, France troops in Afghanistan will begin an early withdrawal in July and complete it by the end of this year, French President Francois Hollande has said.
The confirmed early withdrawal date comes just hours after four French soldiers were killed and five others wounded in a Taliban suicide attack.
You make unsubstantiated charges about people you despise such as me.
You have to LIE about my behavior! as if SCUM such as you are important enough for me to give a rusty F what SCUM such as you "think" about ANYTHING!
Like picking out corn from goose shit.
First. You just Substantiated (nice long word, MD. Some college there likely. Or run in's with the law...U pic Em....;} my claim that you can't cuss.
Serious Religious Dogm going on there....8D
Second.
But HERE's the gem of info....;}
MD, having No way of thinking past High School Formal Level, automatically equates the Confederate Battle Flag with Racism.
But Then puts the Fact of the 'ARVN battle flag' up."
When arguing my Quotes. Use My Quotes.....8D
"But HERE's the gem of info....;}
MD, having No way of thinking past High School Formal Level, automatically equates the Confederate Battle Flag with Racism.
But Then puts the Fact of the 'ARVN battle flag' up.
"There is no such thing as an "ARVN battle flag" you ignorant libTURD SCUM.
The Flag of the ARVN is an Eagle with the S Vietnam flag shield over the S Vietnam Flag.
The Best they could do with the 21 year timeline that they had to work with...
LMFAO...8D
"Wikipedia, the free encyclopedia
The Army of the Republic of Viet Nam - ARVN (Vietnamese: Quân Lực Việt Nam Cộng Hòa - QLVNCH), sometimes referred to as the South Vietnamese Army (SVA), was the Ground Forces branch of the Republic of Vietnams Military Forces, the official military of the Republic of Vietnam (South Vietnam) which existed from 1955 until the fall of Saigon in 1975.[1]
That you would even TRY to make the Republic of South Vietnam "the same" as the Confederate States of America shows what absurd little miserable, ignorant, foul, LYING libTURD SCUM you are.
I'd expect no less from a person who hates their own brother, (who he claims died at ANZIO "with no extraordinary courage"), and PISSES all over HIS memory as a matter of "politics" as usual.
WTF!? You are insane. MD. Quotes please. You asshole....;}
You want to know the difference between the Flag of the REPUBLIC of SOUTH VIETNAM and the CONFEDERATE BATTLE FLAG in my life mctoejam?
The fucking asshole going to enlighten us now....;}
My great great grand father fought for SOUTH CAROLINA, for the Confederacy, against an out of control feral gooberment.
LMFAO So Your Family started the Civil War. Thanx a fucking lot. Leave the Feds alone at Ft Sumter and the Confederacy becomes a nation...8D
And so the FINALE GRAND:
I fought in support of the right of Republic of South Vietnam to exist and against the INVASION of the Republic of South Vietnam by communist tyrants. "
Everything you need to know, folks, Right there. Wrong from EVERY andgle.
Racist.
Xenophobic.
History( MD quoting the Out of Control 'Feral Gooberment' for his details....;}
And Anyone South of (plus parts of Indiana;) the Mason Dixon Line can go to ANy Wal Mart parking lot and easily find a vehicle with BOTH the Confederate Battle Flag and the ARVN flag.
NEW YORK (Reuters) - U.S. stocks will get a lift on Monday after euro zone finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to help its battered banks.
The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, with investors fearing that a banking crisis in euro zone's fourth-largest economy could have compounded the currency bloc's troubles with Greece.
Though
****the exact amount to be lent will be decided in just over a week,*****
My Edit: A week.....HMMMmmmm....now what if anything is happening in a week?
8D
striking a deal now means Spain has added support in case Greece's June 17 elections throw financial markets into a tailspin. "This is a major step in avoiding a contagion," said Tim Speiss, partner-in-charge of EisnerAmper's Personal Wealth Advisors Group in New York. "The amount is pretty high, higher-than-expected.
Although we need to get more details,
MY Edit: Details coming in a week, or as the Market reacts badly, which ever comes first....8D
....at least for equity markets in the U.S. and around the world, this definitely eases short-term fears," Speiss said. U.S. stocks are coming off their best week of 2012, in large part due to expectations that something would be done for Spain's banks.
"Well that didn't take long. The ink on the #Spailout is not dry yet (well technically there is no ink, because none of the actual details of the Spanish banking system rescue are even remotely known, and likely won't be because when it comes to answering where the money comes from there simply is no answer)
.....and we already have an answer to one of our questions. Recall that mere hours ago we asked: "We also wonder how will Ireland feel knowing that it has to suffer under backbreaking austerity in exchange for Troika generosity, while Spain gets away scott free." We now know.
From the AFP: "Ireland wants to renegotiate its rescue plan to benefit from the same treatment as Spain, which looks set to win a bailout for its banks without any broader economic reforms in return, European sources said on Saturday."
Congrats Germany: you have now opened the Pandora's box of infinite moral hazard, bailout renegotiations and unconditional rescues. Anything less than a pari passu bailout to Spain's, which the economy minister touted as having no political strings attached, will incite a revolution.
O and I bet you have both/either the ARVN Battle Flag the Confederate Battle Flag on your bumper as well.
Probably what got you agitated this AM, eh, redleg?
;}
You must have put too much sugar in your coffee this morning. Post 1094 was not making a statement. How you get ARVN flag and Stars and Bars I have no idea.
You should try mixing in the sugar after pouring the coffee.
As iron sharpens iron, So a man sharpens the countenance of his friend. -Proverbs 27:17 (NKJV)
It is a basic rule of writing and exposition that those who have serious and solid things to say do so clearly with brevity.
You libTURDS always use a million words to say NOTHING.
LOL!
I'm NOT going to treat you as if you were a functioning decent human being SCUM, because you are not.
LOL!
You jumped the shark by shitting on your own brother.
Which is OBVIOUSLY the real source of your mental and emotional problems. Obviously your brother was your elder. He was obviously LOVED and ADORED by your mother whose love of him you were and are jealous of.
Add this to the fact that your brother's death at ANZIO was a heroic or at the very least a very BRAVE act, you were really able to gen up a white hot hate for HIM and HIS CAUSE.
You always had to live in the shadow of HIS life and death, you had to accept that his life and death were heroic and substantsive as opposed to your own cowardly and meaningless term.
EVERYONE in your family and neighbors knew that you were and are the lesser of the two "men".
I don't debate mentally ill, intellectually dishonest LYING COWARDS.
You aren't even capable of writing a basic third grade level sentence. You just make shit up, you never provide accepted form citations to your absurd made up shit, because it's well it's absurd made up shit.
My ONLY purpose in engaging with you as if you were sane or even decent is to show EVERYONE what SCUM you really are, by dint of letting you gibber away in your own words SCUM.
LOL!
You are the just typical libTURD loser SCUM.
KEEP GIBBERING AWAY SCUM!
It shows more than any other thing what a vile insane gibbering cowardly FOOL you are.
============
To ALL people who LOVE LIBERTY, look at what this SCUM says and "thinks".
Does "he" speak for you?
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
[L]ittle sign exists of a challenge in American foreign policy debates to the principles and assumptions of an international interventionism motivated by belief in a special national mission. The country might find itself with a new administration in 2009 which provides a less abrasive and more courteous version of the American pursuit of world hegemony, but one still condemned by the inherent impossibility of success.
The intellectual and material commitments made during the past half-century of American military, bureaucratic, and intellectual investment in global interventionism will be hard to reverse. The Washington political class remains largely convinced that the United States supplies the essential structure of international security, and that a withdrawal of American forces from their expanding network of overseas military bases,
or disengagement from present American interventions into the affairs of many dozens of countries, would destabilize the international system and produce unacceptable consequences for American security.
Why this should be so is rarely explained. -- William Pfaff, "Manifest Destiny: A New Direction for America"
Poisonous pedagogy is a phrase I use to refer to the kind of parenting and education aimed at breaking a child's will and making that child into an obedient subject by means of overt or covert coercion, manipulation, and emotional blackmail. -- Alice Miller, The Truth Will Set You Free
There is a good deal else that would not exist without "poisonous pedagogy."
Zee News - 4 hours ago The United States said Libi, who was al Qaeda's number two, was killed in a drone strike, in the weightiest blow to the terrorist group, since the ...
1. al-Qaeda No 2 killed: White House New York Daily News - 4 days ago
2. Al-Qaeda's No. 2 leader killed in US airstrike Washington Post - 5 days ago
5 days ago Al-Qaeda's No. 2 leader, Abu Yahya al-Libi, the charismatic commander who helped steer the terrorist group after Osama bin Laden's death ... # White House confirms that Al-Libi, al-Qaida's No. 2, killed in Pakistan ... news.yahoo.com/blogs/.../...et-u-163347720.h... this publicly. Undo 5 days ago From the blog The Lookout: Abu Yahya al-Libi, al-Qaida's second in command, was killed in Monday's strike in Khassu Khel village in North ...
Al-Qaida number two Libi killed in Pakistan drone strike | World ... www.guardian.co.uk News World news Pakistan
5 days ago Announcement follows official reprimand from Islamabad over recent increase in attacks by remote-controlled aircraft.
5 days ago An American drone strike in northwestern Pakistan early Monday killed al-Qaeda's No. 2 leader, the charismatic and influential jihadist known ... # al Qaeda's number two killed - CBS News Video
In a culture that was healthy to any significant degree, the recent NYT article
about the Obama administration's institutionalized, systematic program of murder by secret decree would have resulted in a deafening, sustained, nationwide howl of outrage and denunciation.
In a healthy country -- and here, I use "healthy" in the sense described in an essay from four years ago: "to designate those goals and motives that can generally be described as supportive of individual life and happiness" -- the government's announcement that it regularly murders innocent human beings, wherever they may be in the world, for any reason the government wishes,
and that the murderers are proud of their murders and plan to continue them indefinitely, would have propelled millions of people into the streets.
Spain's bank bailout bought a few months of liquidity, but at what cost? Well, the cost can be seen perfectly on the chart below, which shows Spanish and Italian sovereign bond spreads literally exploding.
Recall what we said yesterday: "Keep a close eye on Spanish sovereign bonds at the moment when the bond market understands what just happened, and once the euphoria over the very short-term bailout of insolvent Spanish banks passes. Because a month from today another 100 billion will be required, then another 100, and so on." The moment can be seen very distinctly on the chart below: it happened at 2:00am Eastern, and the bond market has not looked back since. We are likely hours away from screams for the ECB to come and re-bail out a just bailed out Spain."