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To: TH who wrote (283016)	10/13/2010 11:19:19 AM
From: Giordano Bruno	Read Replies (2) \| Respond to of 306849

Jeffrey Rosenberg explains why, in an ironic twist, every "QE2-pricing in" uptick in stocks brings America closer one step to total societal collapse. zerohedge.com We obviously have a dictator and his name is Bernanke.

To: TH who wrote (283016)	10/13/2010 3:53:00 PM
From: Skeeter Bug	Respond to of 306849

>>As for the deflation you seem to believe is in the cards, I say that is not proving to be the path. Even Art Cashin is calling it like it is.<< TH, that may end up being true in the end, but there are still way, way too many cards in the deck to evaluate the long term. don't confuse banker and other "hot money" speculation as unbridled money supply (really debt) inflation. it didn't apply to the speculative 2008 $150 gas run up and food run up and it doesn't apply right now, either (not yet, anyway - we shall see in the fullness of time). this is just supply / demand speculation and that can unwind at any time. note - the majority of it has been done on little more than words... not actual actions. at least not yet, anyway. i expect TNOAUs (the mother of all unwinds) at some point - in a way that likely makes september 2008 look like a calorie free appetizer compared to the main course. i do think they may well be in a position like they were in 2008 - they had to ramp everything to keep it from falling apart until it eventually collapses upon itself (this time with little ability to scam). it looks to me that baghdad ben is simply hastening the day the IMF shows up on our shores with AFA - austerity for all. the idea that the largest ponzi debt bubble in human history never has to be delevered seems patently silly to me, but maybe there is some kind of new math that i just don't understand. money supply (debt) is basically flat Q over Q in spite of $2.5 trillion (that we know of) in annual deficits propping it up. either that stays in place forever with record low interest rates (it won't) or the deficit will be cut back, perhaps dramatically. when it does, i think money supply (debt) will contract for real. let's see what happens then. btw, PMs are good because they are wealth outside the bankrupt banking system (which i expect to be shut down). tax increases, confiscated assets, etc... aren't money supply inflationary, either. nor are 10% interest rates - and we will get there one day... probably of $25 trillion in debt while we compete with dictator controlled slaves making a few bucks a day.

To: TH who wrote (283016)	10/13/2010 4:02:03 PM
From: saveslivesbyday	Read Replies (2) \| Respond to of 306849

I love this description: We are stuck in a morass of as-if economics. The double-dippers argue that ongoing fiscal stimulus is the road we must take to avoid a second recession in a repeat of 1938, as if public spending will make the credit bubble era debt go away in a few quarters rather than commit the US to a decade of rising public debt and government spending dependence, and as if the US in 2010 is Japan in 1995 with a huge trade surplus and capital account deficit, and as if we as a net foreign debtor can afford to expand the public debt for 15 years to muddle our way through a balance sheet recession to avoid a political confrontation with the banking lobby. (talk about a run-on sentence!) The debt crisis prognosticators, on the other hand, understand the limits of a debtor nation's balance sheet but they offer an equally fantastical solution, to cut spending and the deficits, as if the US was in a business cycle recession not a balance sheet recession and millions of households didn't have trillions of debt payments to make. itulip.com