· My neighbor got a pre-declined credit card in the mail.
· Wives are having sex with their husbands because they can’t afford batteries.
· CEO’s are now playing miniature golf.
· Exxon-Mobil laid off 25 Congressmen.
· A stripper was killed when her audience showered her with rolls of pennies while she danced.
· If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
· McDonald’s is selling the 1/4 ouncer.
· Angelina Jolie adopted a child from America.
· Parents in Beverly Hills fired their nannies and learned their children’s names.
· A truckload of Americans was caught sneaking into Mexico.
· A picture is now only worth 200 words.
· When Bill and Hillary travel together, they now have to share a room.
· The Treasure Island casino in Las Vegas is now managed by Somali pirates.
And, finally….
* I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call centre in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.
Anonymous
February 14, 2016 1:55 pm
Wonder how the American banks compare.
kokoda
February 14, 2016 2:08 pm
All we need is for 1 of the top 3 to go bankrupt and then the fun starts. But, I can’t see their gov’ts let them go down the tubes – they only allow the peasants to fail.
MJC
February 14, 2016 2:45 pm
Yes, we are indeed in for a world of hurt here but it may not be worse than 2008. Remember, back in 2008 we were told things were ‘contained’ so bank stock prices didn’t react to the downside as quickly as they are now. This time around, it’s sell first and ask questions later!
rhs jr
February 14, 2016 3:45 pm
On Greg Hunter’s USAWatchdog, Hugo Salinas Price showed a chart of the Federal Reserve printed dollars which rode a hockey stick up to about 250 trillion in Aug 2014 (it took 101 years to get there from 1913) and then has been going down at a 15 degree angle since. Almost every bond seller is going tits up; Bonds are being sold off and that will accelerate until it becomes like a 1929 crash with no buyers, leaving almost everybody broke. Even those people with dollars will find their value kaput as sellers of real goods will want Yuan and Rubles backed by gold or oil. That ain’t like 2008.
IndenturedServant
February 14, 2016 5:02 pm
Wasn’t there an article here recently that talked about how they are now using money from the Exchange Rate Stabilization Fund to quietly buy up Treasuries? This nefarious fund supposedly has the funds/leverage to play kick the can forever.
Overthecliff
February 15, 2016 12:27 am
The financial advisor indicator is flashing red.. Around thanksgiving they were trying to suck cash back into the market. Specifically Vgx. It is down 20% today. Last week they were trolling for cash again saying the market had capitulated. I think they are distributing the risk for their owners. It is shearing time.
Overthecliff
February 15, 2016 12:30 am
Correction Vfh.
Thaisleeze
February 15, 2016 12:30 am
Monday morning markets in Asia reek of coordinated central bank action. The real news was bad, Japan GDP tanking, terrible Chinese trade data. First day back for China’s markets after missing a hugely volatile week was a threat.
So against this back drop the Nikkei shoots to the moon, up 7%, Shanghai manages a small drop and the PM space is hammered, gold down $20 as I write, copper well up.
The only news I can find would suggest markets moving in opposite directions. I think the PTB were concerned China might tank and they produced Exchange Rate Stabilization cash from Japan, China, US and Europe to make sure a crash was prevented.
Bob
February 15, 2016 1:34 pm
ZIRP has made it ever more difficult for the banks to make money. That explains a lot about the current financial dilemma.
This is how bad the economy is:
· My neighbor got a pre-declined credit card in the mail.
· Wives are having sex with their husbands because they can’t afford batteries.
· CEO’s are now playing miniature golf.
· Exxon-Mobil laid off 25 Congressmen.
· A stripper was killed when her audience showered her with rolls of pennies while she danced.
· If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
· McDonald’s is selling the 1/4 ouncer.
· Angelina Jolie adopted a child from America.
· Parents in Beverly Hills fired their nannies and learned their children’s names.
· A truckload of Americans was caught sneaking into Mexico.
· A picture is now only worth 200 words.
· When Bill and Hillary travel together, they now have to share a room.
· The Treasure Island casino in Las Vegas is now managed by Somali pirates.
And, finally….
* I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call centre in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.
Wonder how the American banks compare.
All we need is for 1 of the top 3 to go bankrupt and then the fun starts. But, I can’t see their gov’ts let them go down the tubes – they only allow the peasants to fail.
Yes, we are indeed in for a world of hurt here but it may not be worse than 2008. Remember, back in 2008 we were told things were ‘contained’ so bank stock prices didn’t react to the downside as quickly as they are now. This time around, it’s sell first and ask questions later!
On Greg Hunter’s USAWatchdog, Hugo Salinas Price showed a chart of the Federal Reserve printed dollars which rode a hockey stick up to about 250 trillion in Aug 2014 (it took 101 years to get there from 1913) and then has been going down at a 15 degree angle since. Almost every bond seller is going tits up; Bonds are being sold off and that will accelerate until it becomes like a 1929 crash with no buyers, leaving almost everybody broke. Even those people with dollars will find their value kaput as sellers of real goods will want Yuan and Rubles backed by gold or oil. That ain’t like 2008.
Wasn’t there an article here recently that talked about how they are now using money from the Exchange Rate Stabilization Fund to quietly buy up Treasuries? This nefarious fund supposedly has the funds/leverage to play kick the can forever.
The financial advisor indicator is flashing red.. Around thanksgiving they were trying to suck cash back into the market. Specifically Vgx. It is down 20% today. Last week they were trolling for cash again saying the market had capitulated. I think they are distributing the risk for their owners. It is shearing time.
Correction Vfh.
Monday morning markets in Asia reek of coordinated central bank action. The real news was bad, Japan GDP tanking, terrible Chinese trade data. First day back for China’s markets after missing a hugely volatile week was a threat.
So against this back drop the Nikkei shoots to the moon, up 7%, Shanghai manages a small drop and the PM space is hammered, gold down $20 as I write, copper well up.
The only news I can find would suggest markets moving in opposite directions. I think the PTB were concerned China might tank and they produced Exchange Rate Stabilization cash from Japan, China, US and Europe to make sure a crash was prevented.
ZIRP has made it ever more difficult for the banks to make money. That explains a lot about the current financial dilemma.