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| I Hope Everyone Is Ready in forum [Market-Ticker]
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Vitchilo
Posts: 4635
Incept: 2011-04-27
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So far, Assad, even if his troops were bombed by Turkey did not retaliate and Erdogan seems to not want to do the stupid thing, aka invade/create a buffer zone in Syria. Hopefully it stays somewhat calm... but even if it does in Syria, Iran's currency imploding means that the cost of starting a war/blocking the strait of hormutz is collapsing at the same rate the rial is... and that ain't good. BREAKING : Quote:Report: Turkey Demands US Impose No Fly Zone Over Syria Update the source is Debka files, which makes up stuff all the time... so take it with a huge grain of salt.
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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
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Jackl
Posts: 2237
Incept: 2008-01-17
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Financials are forcing the ME countries hands on this. When currency is destroyed this fast, theres only so many ways to maintain any kind of control.
Most of them lead to explosions. Both figuratively and literally.
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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Obammy needing something to divert attention from a ****ty non-teleprompter performance? Bombing some mother ****ers is one way to do it.
"Black swans a-fallin' on my head...."
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We're ****ed. Where's Henry Bowman when you need him?
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Debtpie
Posts: 534
Incept: 2009-12-17
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Quote:As I have repeatedly noted, hungry bellies have a habit of rioting -- or becoming rather revolting. That is a good thing in Iran; the evil religious nuts running the place need to be strung up at the nearest bridge ASAP. The people of Iran are very Western and the younger they are the less they want to nuke Israel or Destroy the Great Satan; quite the contrary...the want to visit and maybe even live in the land of Satan (USA). Despite Netum Yahoo's claims of a fast approaching nuclear Iran, as depicted in his recent presentation complete with a Wile E. Coyote bomb drawing, Iran is on the verge of casting off it's religious zealot overlords and abandoning fanatical Islam. What we need to do is help the people of Iran take back their own country...the absolute worst thing we can do is to send in the Marines or the Jews to bomb the place to dust...aka...the Romney plan...Now I see why Mittens want $2.1 Trillion more in military spending...WWIII is going to require at least that... 
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Stonedog
Posts: 2080
Incept: 2008-05-29
New Jersey
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If Turkey does go to war with Syria, I think that there is a likely scenario where they would start something with Israel in the hope that they could bring in Egypt and other anti-Israeli countries (we already know that Iran has an alliance with Syria) or at the very least destabilize the region on the Arab Streets. Another question is whether the Kurds in Turkey (and perhaps Iraq) would try to take advantage of the situation to try to create a Kurdistan.
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"I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012
"All the stimulus, the bailouts, the quantit
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Poer
Posts: 1389
Incept: 2008-09-28
'Eppur si muove!'
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Thanks for the heads up KD
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"The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal'
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Snowmizuh
Posts: 1357
Incept: 2009-03-18
Alabama
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If I liquidate my 401k/IRAs, convert every FRN I have or can get into tangibles (beans, bullets, bandaids, etc.) as well as defaulting on my mortgage, is that deflationary or inflationary? If everyone else starts doing the same as me, does that tend to be deflationary or inflationary?
I know the technical Austrian money supply definition of inflation, the fact the debt spends the same as M2 money, and all that. However, it is confusing to me because it appears there can be deflationary and inflationary forces working simultaneously. Which one wins?
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Iou
Posts: 1027
Incept: 2009-03-16
The Twilight Zone
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Quote:That is a good thing in Iran; the evil religious nuts running the place need to be strung up at the nearest bridge ASAP. Speaking of evil nuts … Let he without sin cast the first stone.
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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
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Jubber
Posts: 14174
Incept: 2007-07-05
UK
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Kurdistan already exists and is prospering massively and has very close ties with Turkey, that is why Exxon have just gone in.
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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Noodleman
Posts: 2393
Incept: 2008-11-01
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I don't think Obama will start a war over there unless he gets the buy-in from Russia and China, which won't be easy. The brave Nobel Peace Prize recipient likes to shoot at ducks in the pond. But if there is pushback from the big boys he'll fold first time every time.
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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Vegasradar
Posts: 8668
Incept: 2007-07-11
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war is a good way to get velocity moving
War and gas shortages— rhymes of the 70s...
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Be the change you want to see in the world. ~Mahatma Gandhi
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Blackswan
Posts: 5564
Incept: 2007-11-06
Just outside of Philly
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I am guessing this is not priced in either?
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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A couple more days like that the rial is only going to be fully convertible with lillypads
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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Good thing we don't mismanage our finances like Iran...
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Goforbroke
Posts: 5350
Incept: 2007-11-30
Just call me 'Comrade'
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Rut roh ... Walmart employees strike! Quote:Wal-Mart workers on strike
Employees protesting working conditions and retaliation are flexing their organizing muscle. But the first-of-its-kind strike carries risks.
Today, for the first time in Wal-Mart’s 50-year history, workers at multiple stores are out on strike. Minutes ago, dozens of workers at Southern California stores launched a one-day work stoppage in protest of alleged retaliation against their attempts to organize. In a few hours, they’ll join supporters for a mass rally outside a Pico Rivera, Calif., store. This is the latest – and most dramatic – of the recent escalations in the decades-long struggle between organized labor and the largest private employer in the world. http://www.salon.com/2012/10/04/walmart_....
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We have met the enemy and it is us. -- Pogo
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Drkshapiro
Posts: 634
Incept: 2012-09-12
Southern CA
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I heard this AM that the rial was down 40% in the past week. Things could get bad very quickly. Netanyahu complaining about nuclear weapons in Iran is like Larry Flynt complaining about pornography. Remember (oops I forget his name--long time ago) okay, got it, Mordechai Vanunu who held up his hand to a reporter and had written on it the statement that Israel had nuclear weapons as he was getting hauled off by Shin Beth. When you have something hanging around after awhile the desire to use it gets the best of you.
Do you really think there's going to be a war, Sirius?
It feels like it felt last time.
KD I don't think you can quite get ready for what a mess things are becoming.
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Don't let a kid drink til they're 21, but let 'em go to other countries and kill people, that's alright. --G Celente
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Debtpie
Posts: 534
Incept: 2009-12-17
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Quote:Quote:
That is a good thing in Iran; the evil religious nuts running the place need to be strung up at the nearest bridge ASAP.
Speaking of evil nuts … Let he without sin cast the first stone. Can Mormons commit sins? If so, Romney is one stone throwing Mother ****er!
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Drkshapiro
Posts: 634
Incept: 2012-09-12
Southern CA
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I think a Mormon sin is getting your tubes tied.
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Don't let a kid drink til they're 21, but let 'em go to other countries and kill people, that's alright. --G Celente
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Stonedog
Posts: 2080
Incept: 2008-05-29
New Jersey
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Jubber - as a region Kurdistan exists but not as a nation. Iraqi Kurdistan is an autonomous entity within the federal Iraqi republic. But they have wanted their own country for a long time.
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"I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012
"All the stimulus, the bailouts, the quantit
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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It always amazes me how a few neighbouring countries like Jordan for instance continuously manage to dodge these upheavals.
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...burp
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Budxr7
Posts: 51
Incept: 2009-07-08
Mass
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Kent Moors talks about Karl's lilly pads.
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Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
-Polonius
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Budxr7
Posts: 51
Incept: 2009-07-08
Mass
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Sorry here is the link. http://moneymorning.com/ob/faber-warns-e...."It's a pattern that's hard to see unless you understand the way a catastrophe like this gains traction," Dr. Moors says. "At first, it's almost impossible to perceive. Everything looks fine, just like in every pyramid scheme. Yet the insidious growth of the virus keeps doubling in size, over and over again - in shorter and shorter periods of time - until it hits unsustainable levels. And it collapses the system."
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Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
-Polonius
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Iou
Posts: 1027
Incept: 2009-03-16
The Twilight Zone
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Quote:KD I don't think you can quite get ready for what a mess things are becoming. Nope, storing ammo and food isn’t going save you. You have to totally change who you are in order to truly prepare. Things that are important today will become a distant memory as the things we currently take for granite become scarce. Many will not make the transition when it’s forced on them. Dmitry Orlov wrote..Is it too late to prepare?
You have to become a different person. It's not a question of preparing based on who you are today, you have to become somebody else.
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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
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Chris92346
Posts: 1316
Incept: 2009-03-25
Banned
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So is somebody launching an attack against the currency? Or is this just the natural course of events playing itself out?
I have been told that war should never be necessary. If the elite actually wanted to stop wars all they would have to do was unite and shut down the said country economically.
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