Inauguration -- Barf
The Market Ticker ® - Commentary on The Capital Markets
Posted 2013-01-21 16:19
by Karl Denninger
in Blogtalk
Ignore this thread
Inauguration -- Barf
 

This is utterly nuts.  Ok, ok, you'll get your 30 minute rant on MLK day, a day that has absolutely nothing to do with our current President.  Here it comes...

3:30 Central today at http://blogtalkradio.com/marketticker

Discussion below (registration required to post)
 

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User Info Inauguration -- Barf in forum [Market-Ticker]
Deckchairs
Posts: 96
Incept: 2012-07-06

The Slightly lessDemocrat -IC People's Rebuplic of Las
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I really couldn't be bothered to watch such pomp and circumstance. It seemed to dominate the television stations much to my dismay. Decided to get away from it and go for a hike this afternoon.

How much did we as taxpayers pay for this huge circus? I am all for a modest celebration of the peaceful transition of administrations even these second term ones. But why does it have to be so grand, so media saturated, so expensive etc.

If we had real leaders they would insist on modesty not all this show.

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If I could just get my tax attorney to be my girlfriend life would be all right.
Noodleman
Posts: 2393
Incept: 2008-11-01

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I had the opportunity to view the changing of the East German guard at the Brandenberg Gate in Berlin before the Wall came down.

Brings back memories.

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Drkshapiro
Posts: 632
Incept: 2012-09-12
Gold
Southern CA
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You're too young to retire Karl.

Forget the trillions of dollars propping up bogus balance sheets of financial institutions. What about this: I don't like Katie Perry. As I often find myself hearing it in the car when my teenager is in it, well, it is awful. She gets asked to sing at inaugural events. Why is that, so we can demonstrate to the rest of the world we provide socialism to the rich AND the poor AND we have no taste?

Deckchairs, you are right.

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Honesty may be the best policy, but it’s important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin

Apotheoun
Posts: 1283
Incept: 2009-08-14
Gold
MN
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"You're too young to retire Karl."

crap, i am at work today so I cvannot listen... whats going on now?

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"when despair is all you can see, the end is finally near."
"Because there is some good left in this world, AND ITS WORTH FIGHTING FOR!"
Gweedo
Posts: 100
Incept: 2010-11-12
Green
Florida
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Apoth.. Karl at one point said he's not "unemployed" but rather "retired" if you had to classify his current employment status...

Deep breaths...
Drkshapiro
Posts: 632
Incept: 2012-09-12
Gold
Southern CA
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Apo, Karl said he's like retired. Man when I'm retired if I work half as hard as him I'll be working too much.

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Honesty may be the best policy, but it’s important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin
Ricka01
Posts: 1214
Incept: 2009-03-05
Gold A True American Patriot!
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Many on the msm are talking about the fact that we have a good history of peaceful transitions of power in the U.S.A. If I am not mistaken with my history, many monarchies transferred power to offspring, peacefully, for a very long time also.
Vitchilo
Posts: 4626
Incept: 2011-04-27

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Obama worship :
inline

Disgusting.

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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
Blurtman
Posts: 563
Incept: 2009-01-24


Banned
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The self-obssessed Hispanic poet was a bit too much. As if he thought only his parents worked hard so that he could advance his status in life. The amazing hubris of those who market themselves as minorities.

Overall, it seemed like all the members of the Capone crime family were paraded in full pomp and splendor. Welcome to the new Soviet Union, comrades.

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I have a reading comprehension problem and the owner banned me for repeatedly displaying it after being warned.
Mortgageguymn
Posts: 1566
Incept: 2009-03-09
Green
North Coast
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The worst thing about the Ethno-Poetry Industrial Complex is that shrills like Nikki Giovanni encourage more minorities to try to make a life out of poetry, hip hop and the overall grievance industry. So while I sit here day in and day out doing loans for new immigrants from India and China who are in the top 5% of income within a couple years (if not months) of their arrival, people lament the fact that blacks & Hispanics lag behind (and will forever lag behind) in both income & wealth. Enough with the freaking poetry! Obama himself encourages the success-through-rap delusion by inviting people like Common to the White House and hobnobbing around with Jay-Z.
Drkshapiro
Posts: 632
Incept: 2012-09-12
Gold
Southern CA
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Mortageguy boy are you right. That's the type of stuff you can get a book about and learn on your own because you want to know about it. What about asking Nikki what the average return on investment is for that stuff?

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Honesty may be the best policy, but it’s important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin
Grumpy_bear
Posts: 606
Incept: 2008-02-26
Green
More SRS please Mistress!
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Hey now! We need more poets and you can pay for their health care too while they wax poetic in their Section 8 homes.


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Denninger, Karl. Leverage: how cheap money will destroy the world. Hoboken: John Wiley & Sons, Inc., 2012. p. 126, par. 3.
Downrange
Posts: 5385
Incept: 2007-09-26
Green
Just Say No to RomnobamaDingDong!
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**** ALL of them!

I managed not to see a single second/frame of the coverage of the non-inauguration of the non-president...

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"If this is how the state treats its law-abiding citizens, it doesn't deserve to have any" A. Solzhenitzen
Drkshapiro
Posts: 632
Incept: 2012-09-12
Gold
Southern CA
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Thanks GrumpyBear for that video which really F-D up my afternoon. Holy ****.

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Honesty may be the best policy, but it’s important to remember that apparently, by elimination, dishonesty is the second-best policy. --G Carlin

Themortgagedude
Posts: 8853
Incept: 2007-12-17
Green
saint louis
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I just hope that the SCOTUS decides to hear Orly. God I'd laugh my ass off if they found him ineligible. At that point I wouldn't care if Biden was President. I just can't stand to listen to the media wonks anymore. I'm ready to hurl. I swear Chris Mathews has to wipe jizz off his chin before he does his show.

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I'm already visualizing you with duct tape over your mouth.
Mannfm11
Posts: 3551
Incept: 2009-02-28
Gold
DFW, Tx
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The jackass should get out of the boat in the middle of the Arctic Ocean and start walking.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Oldno7
Posts: 2141
Incept: 2008-11-14
Gold
RECALL STATE USA
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In the words of the King "We can do this together". Yea right as long as we do it your way. No thanks.

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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.
When people lose everything and have nothing left to lose they lose it -Gerald Celente
Bertdilbert
Posts: 2666
Incept: 2008-12-22
Gold
CA
Online
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Well Karl is indeed retired. He retired on his private hunting reserve where no licence is required to bag game with his full auto, large clip, ban hammer.

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Crzymorse
Posts: 1195
Incept: 2010-06-25

Maryland
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Nice video, thats why all the ****ing STEM jobs that are so important to our kids future are going to Asia. We rather pay for the research not pay for some ****head to sit at home, jerk off to porn all day and then pay for his healthcare when he ****s up his autoerotic asphyxiation routine. Thank you Nancy Pelosi.

Mannfm, I'll take any ****ing ocean, bay, river, stream, glacier or geyser at this point.
Gamma
Posts: 5582
Incept: 2008-01-20
Gold
Northern CA
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Karl, I think your explanation of the "$X per day of every day you work" is potential breakthrough material. That argument might, just might penetrate to the low-neuron crowd(s). With the proviso that MANY of them WANT IT THAT WAY.

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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
Noodleman
Posts: 2393
Incept: 2008-11-01

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"I just hope that the SCOTUS decides to hear Orly."

Orly Taitz has 10x's the balls that Obama and Biden got combined.

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Bertdilbert
Posts: 2666
Incept: 2008-12-22
Gold
CA
Online
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"Karl, I think your explanation of the "$X per day of every day you work" is potential breakthrough material."

Could be. I am not sure if he broke that down by every man woman and child or did that based on the number of working stiffs.

Personally I find it annoying anytime people break it down to every man woman and child. While the math is good the, math is irrelevant when presented in that fashion as it understates the magnitude of the problem.

It can only gain relevance when our daily/annual debt is placed in terms of working stiffs or working households.

Our society will always have at any given time, children, students and retired plus other non working that are in essence sucking off the system. It is impossible for these current non contributors to count as when they die, become adults etc, they will be replaced by new units.

My reasoning is that when people hear the number of debt per day or annual basis, they somewhat look at it as money owed and ability to repay. If you understate the number at the personal level by including non earners, it grossly understates the problem. Understating the problem is not going to wake people up and grab their attention.



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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Dogfarm
Posts: 3255
Incept: 2007-11-29
Gold

Online
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didn't watch it.

sounds like i didn't miss much.

just another party to put on our Platinum Credit Card issued by Bank of China.


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“Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about, seeking whom he may devour” (1 Peter 5:8)
Harrisonact
Posts: 1754
Incept: 2010-10-04

canada
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Quote:
just another party to put on our Platinum Credit Card issued by Bank of China.the FED


FIFY.

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bilge
My playbook speaks español. Deal with it. Im too lazy to fix it.
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