Kyle Bass on what is coming (it ain’t good)

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Kyle Bass on what is coming (it ain’t good), posted with vodpod

 

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February 16, 2011. Tags: , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Marc Faber 2/2/11 ~ CNBC Reporter, ‘You heard it here first, Bernanke is a Liar’

Courtesy of CNBC

See ZeroHedge for full video of Faber and Taleb at the Russia Conference this week as well~

money quote-

…”before they can’t pay they would print money like there is no tomorrow so the dollar would continuously depreciate which would obviously be good for assets that you can’t multiply such as commodities and precious metals.”

“I also think it they print money what then usually happens is that standards of living of the middle class and the working class go down, because the cost of living increases faster than wage gains, and so the population becomes very distraught and dissatisfied and eventually the government to stay in power or distract the attention of the people, either goes to war or blames a minority for the mishaps, but usually after a period of very heavy money printing war follows.”…

Commodities baby

Faber on Bloomber 1/25/11~

February 8, 2011. Tags: , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

Gentle Ben baffles with BS on 60 Minutes

Spin baby spin! CONTAINED, I do not think that word means what you think it means Ben.

They gave away trillions of USDollars to corporations and foreign entities and have done JACK and SHXT for the American consumer.

FIX HOUSING – HOLC.

Courtesy of CBS

December 6, 2010. Tags: , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Video: Mark Fisher talks QE2 ~ ‘it will end badly’

Courtesy of CNBC

More~ Mark Fisher talks commodities~

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November 9, 2010. Tags: , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

DOW 10,000? Watch the zombie bull ride as the US Dollar tanks!

Update: linkys added

zombiebull

How long can it go on before the falling dollar slips from the control of Rahm and Timmeh and we get slammed with hyperinflation? MiM is long HARD assets now, like  ‘drop it on my foot go ouch’ hard as the guys on FastMoney would say…it may seem like a brilliant idea to these fools on the Hill to let the dollar slip to reduce the ginormous debt, but Americans buy goods with American dollars ya dig? maroons, all of them. No nation ever got strong by devaluing its own currency, was that Reagan? Kudlow opines:

Smells like the 1970s.Just look at two ominous headlines in the news: First is the global shift out of the dollar and into commodities. Second is the dollar losing its reserve status to the yen and the euro.

In the second quarter ending in June, central banks around the world invested 63 percent of their new cash reserves into euro and yen, and put only 37 percent into dollars. Over the past six months, the dollar has lost 15 percent while gold has climbed nearly $150. If this continues, spiking inflation and interest rates will choke off the bull market in stocks and do serious damage to the economy. It could happen fast.

Yet markets are rallying hard off the weakened greenback. They think consumers will feel BETTER about spending as their dollar value shrinks?? (exports may help the MNCs and unions short term but it is a fool’s game) The DOW is up >100 b/c the retail sales only fell 1.5% (consensus was over 2%)  IMO any bump on anything but sustained job growth is premature, I dont give a flying frak if they say it is a lagging indicator*, the US Consumer is STILL 70% of GDP and TOTUS is off the rails of the crazy train spending like it’s going out of style (and it has gone out of style!)…

How bout some Metallica? The Bell is Tolling for the US Economy and the fools don’t hear it.

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October 14, 2009. Tags: , , , , , , , , , , . Economy, Finance, Heavy Metal, Labor Department, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

Bond Vigilantes Ride Again – CNBC.com

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The 30 yr mortgage rate is rising above 5% again..Rickster lays down the case that quantitative easing is only effective very short term…

How about we make some use of Fannie and Freddie now that we own them and all, and have 3% mortgages bought by FAN/FRED…..HOLC HOLC Baby….

more about “Bond Vigilantes Ride Again – CNBC.com“, posted with vodpod

May 28, 2009. Tags: , , , , , , , , , , , . Economy, Finance. Comments off.

Marc Faber predicts Zimbabwe-like hyperinflation for US economy…

Sadly I agree, I think Bernanke will be replaced by Larry Summers and if so, Summers will cave to political pressure unlike say Volker in the Bush I era, and he will fail to raise rates or sell MBS’ when necessary, thus we will hit it the hard way, roll a hard 6 as Adama would say….

Smoke ’em if you got ’em, it’s gonna be a looooooong rough patch..

At the very end here of Part 2 of the interview Faber is 100% sure of hyperinflation, continues into Part 3. ..

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May 28, 2009. Tags: , , , , , , , , , , , , , , , , . Battlestar Galactica, BSG, Economy, Finance, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. Comments off.

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