AuthorTopic: Big Banks 'Big Bang'  (Read 940 times)

Offline Jb

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Big Banks 'Big Bang'
« on: June 10, 2012, 06:15:38 PM »
You're gonna love this one:

http://classicalcapital.com/Big_Banks__Big_Bang_.html

Online RE

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Re: Big Banks 'Big Bang'
« Reply #1 on: June 10, 2012, 06:53:49 PM »
You're gonna love this one:

http://classicalcapital.com/Big_Banks__Big_Bang_.html

Entertaining hypothesis, but I don't believe for a minute that the Political Will is there to enable Helicopter Ben to Naked Print unsterilized FRNs to pay off a quadrillion in derivative bets and swaps.

The general economy will be in full on crash mode anyhow if/when that occured, and there would be little around to buy with the endless Zeros coming off HBs laptop.

The game being played over in Eurotrashland is the Canary in the Coal Mine here.  Economies are being cut off from Life Supporting Credit Access and they are Imploding.  When they jump to separate currencies, those currencies will HI.  The Dollar is the last Fiat left standing in this scenario, and it does not behoove the Illuminati to destroy their last Fiat if they can prevent it.  They CAN allow their Corporate Shells to Fail here as long as they have personally insulated themselves from the crash.

When the Dollar fails, there will be no Global Reboot of another Currency.  The systems which hold such a thing together will have already failed.  They will keep the Dollar alive as long as they can, and when it finally does go down, so do they.  Hope I am still walking the Earth to see it from this side of the Great Divide.

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Offline Surly1

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Re: Big Banks 'Big Bang'
« Reply #2 on: June 11, 2012, 02:22:57 PM »
Jesus.

Reading this thread I immediately thought of a phrase that JHK squatted down and squeezed out yesterday. Pretty good:

http://kunstler.com/blog/2012/06/cloacal-finance.html

"We're at the point where money has been asked to perform like a trained monkey in the street, doing all kinds of tricks to distract the public from the sad spectacle of the monkey's owner dying in the gutter. When the owner expires, the talented monkey will not know what to do with the coins that passersby tossed to it. These street scenes of late spring, 2012, represent what they call "unhealthy life choices" in the rehab business. All the once-great western economic powers have decided to become crack-heads, winos, and beggars with amusing monkeys. They are all dying of their addictions. They are all dark stories with unhappy endings. They all ended that way because the addicts refused to make different decisions that would have drawn them through a frightful passage out of their addiction into a new place with a different psychology.

As HST would have said, res ipsa loquitor.
"It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse." -Ezra Pound

 

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