Jim Grant: "Everyday Low Prices" Ending in [Market-Ticker]

Posted 2010-11-04 21:54
by Karl Denninger
in Other Voices

Jim Grant: "Everyday Low Prices" Ending

Jim Grant gets this right: Bernanke is telling you that what you do every weekend - go out into the marketplace looking for low prices - is something he intends to destroy.

READ THAT AGAIN: HE INTENDS TO TAKE "FALLING PRICES" - WALMART'S ENTIRE BUSINESS MODEL - AWAY FROM YOU ON A PERMANENT BASIS!

Listen around 5:00 in here - if this doesn't explain how you are going to get screwed by QE2 in a form you can understand nothing will.

Discussion below (registration required to post)

Main Navigation

Full-Text Search & Archives

Archive Access

Blogtalk 3:30 CT Mondays

Items To Look At

Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2013) - The annual 2013 Ticker

Links and Blogroll

Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.

Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.

User Info	Jim Grant: "Everyday Low Prices" Ending in forum [Market-Ticker]
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Absolutely NO ONE I know at work cares about ANY of this. My response - save like a mad man. If MONEY is what people want - the government, politicians, banks, bosses, unions....THEY DON'T GET MINE. Starve the beast doesn't even begin to describe how I handle money lol. I encourage EVERYONE who is incensed at QE 2.0 to protest by cutting cable (at least some channels), cutting minutes (or cell phone entirely), or having a no-gift Christmas. Let other rubes waste their cash. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2010-11-04 22:22:43 Permalink
Thetemplateblog Posts: 947 Incept: 2008-10-21 Pa	Funny, I cut my cable Tv last month. I had to explain to my 9 year old what that funny little box with the big dial sitting next to the Tv was used for. You know, the ones with N E S W ---------- If it moves and it shouldn't, use duct tape. If it doesn't move and it should, use WD40. - go smoke in your little yellow circle...***ing sheep 2010-11-04 22:32:52 Permalink*
Landshark Posts: 11285 Incept: 2008-02-07 The Wild West	We're screwed. ---------- Success in life is a matter not so much of talent and opportunity as of concentration and perseverance. C. W. Wendte 2010-11-04 22:41:29 Permalink
Debtpie Posts: 534 Incept: 2009-12-17	Karl, FYI - if something you want a reader to see in a video is at say 5 minutes, then modify the youtube imbed code by adding "&start=x" where is number of seconds where you want the video to start. Do it in the 2 places I've demo'd below. value="[url http://www.youtube.com/v/4MrJyxSpJE8?fs=1&hl=en_US&start=300"> src="[url http://www.youtube.com/v/4MrJyxSpJE8?fs=1&hl=en_US&start=300" ---------- 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. Last modified: 2010-11-04 22:56:14 by debtpie 2010-11-04 22:53:16 Permalink
Epicdepressive Posts: 1460 Incept: 2009-04-04 TN	Grant, "(prime farmland dollar/acre) IT IS OVER 9000" I could not resist. Bernanke intends to do nothing less than saturate the globe with cheap easy dollars. Hold strong, my plebes, in time the benefits will wash back to the US. 2010-11-04 23:22:33 Permalink
Popothebright Posts: 2756 Incept: 2008-05-16 Bangkok Banned	Quote: "Some of us have read about the Great Depression and arrived at different conclusions. It's not as if by writing... sorry contributing to one book, one has license to go out and print a half trillion worth of currency." That was hilarious. ---------- In America the choice of political party is little more than a choice of which corrupt management team implements the corporate agenda. Last modified: 2010-11-04 23:24:57 by popothebright 2010-11-04 23:24:09 Permalink
Gamma Posts: 5570 Incept: 2008-01-20 Northern CA	Having followed him just a little more than casually for many years, Jim Grant is one pretty smart guy. I like how he said [paraphrasing] "...Just because you contribute to a book about the depression doesn't give you the right to print half a trillion dollars...." ---------- 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... 2010-11-04 23:34:16 Permalink
Positionsizing Posts: 108 Incept: 2010-08-12 Houston	Given the choice of: High unemployment/low inflation or High unemployment/high inflation What sane person would ever choose the latter? ---------- Well, I'm sorry if I hurt your feelings . . . 2010-11-04 23:41:55 Permalink
Pherronii Posts: 59 Incept: 2010-10-12 gulf coast mississippi	Not to bring any tin hat issues up, but I found this at prison planet, and wondered if it was for real, does anyone know? A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve Federal Reserve Bank of Atlanta and Rutgers University November 56, 2010, Jekyll Island Club Hotel, Jekyll Island, Georgia http://www.frbatlanta.org/news/conferenc.... if true, It almost surreal ---------- "Its easier to stay out, than get out" Samuel Clemens 2010-11-05 01:46:20 Permalink
Yaldor Posts: 2687 Incept: 2008-05-17	The FED is communism = central planing of the economy. ---------- For every crash the probability of someone showing that he predicted it is near 1 . For every prediction of an imminent crash the probability of it being correct is almost zero 2010-11-05 02:00:19 Permalink
Jackl Posts: 2237 Incept: 2008-01-17	Quote: Absolutely NO ONE I know at work cares about ANY of this. Told a Aussie bud of mine who was AMAZED, the Aussie dollar is now par with USD. It'll all start to unwind again when oil hits 150+ again. Global trade will grind to a halt, and the next stage of the depression will begin. Since Karl has asked to keep down rhetoric here. The best way to get through to people, is energy. Its something everyone can relate to and notice immediately. Everyone has equal stake in, and everyone understands how important it is. Call the rise in oil, and draw down what the true source of the increase is. The 2007-2008 spike in oil was spun off as speculators gone wild, but no one really focused on where the money came from in the first place. Nows the time to make that connection. 2010-11-05 03:52:30 Permalink
Bohemian Posts: 9658 Incept: 2010-07-27 California	DXY below $74 will trigger it. Rising oil is nothing but a function of the devalue of the dollar with Treasury printing. Once the dollar, the world's peg, takes a gigantic poop, it's game over. Almost there. ---------- "The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin 2010-11-05 03:58:00 Permalink
Skybluepink Posts: 381 Incept: 2007-10-20 RI	Meanwhile, on my local news, they did a canned report on rising prices for groceries. They blamed it on increased demand from China - not one word on the devaluation of the dollar. 2010-11-05 07:27:36 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Sky, which station? 2010-11-05 07:33:15 From PDA Permalink
Tesla Posts: 15541 Incept: 2008-04-03 State of Disbelief	So contact that reporter and set them straight. ---------- "Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams 2010-11-05 07:56:19 Permalink
Hogman Posts: 7874 Incept: 2008-02-18 Derby City, USA	"make everything seem better" enough said 2010-11-05 07:58:49 Permalink
Kamath Posts: 1539 Incept: 2009-04-04 Sweden	My God what a nice pair. bliss ---------- "Yep - and that ***er didn't want to light either. I had to soak it in gasoline for a full day before that rat bastard thing would combust." - Karl Denninger ""We could not be more ill served if we had some South American tribal witch doctor shaking monkey bones at us. " - Infidel 2010-11-05 09:09:00 Permalink*
Jusa****ryboy Posts: 179 Incept: 2009-06-05 Athens,AL	"protest by cutting cable (at least some channels), cutting minutes (or cell phone entirely), or having a no-gift Christmas. Let other rubes waste their cash" Mayor, it's going to take much more than that.I started cashing my IRA in 2007.I finished last year.Less of a tax hit that way.I have no cable,no cell phone,no car payment,no credit cards,grow my own veggies,and I don't buy anything.I do however, save money for the kids Christmas presents,to buy in cash.I live in the proverbial "cracker box" that I bought 18 years ago.1380 sq ft for a family of five.I didn't buy into the "need" for a bigger home. I've starved the beast as much as I can,but in the end,it doesn't matter now.With Ben raising the prices on stuff I NEED,like gas and food,not to mention the stuff that uses oil in one way or another, I'm STILL having a hard time saving and I make more than most in my area. God help those that didn't see this coming starting around 2005-2006. 2010-11-05 09:26:22 Permalink
Smacktle Posts: 1362 Incept: 2009-01-20 Texas	Pretty straightforward but I also still have people that don't want to see what's going on. At least my wife does! ---------- The faults of the burglar are the qualities of the financier. - George Bernard Shaw 2010-11-05 10:25:04 Permalink
Cevinkey Posts: 136 Incept: 2010-07-05 Banned	Even with all the money printing, isn't it highly likely we'll see a meteoric rise in the dollar at some point in a second sweeping deflationary phase before a Wiemar scenario? Has there ever been a case where a country was hopelessly in debt, printing money like mad, but deflation still took hold and the currency strengthened? Japan? I suppose the difference is that oil is denominated in dollars, is that the point? 2010-11-05 11:10:53 From PDA Permalink
Tallystick Posts: 2230 Incept: 2009-09-20	It's on the FED's site of course it's real. 2010-11-05 11:22:32 Permalink
Susanjbear Posts: 417 Incept: 2010-06-10 Salt Lake City, Utah	RIGHT HERE is an EXCELLENT opportunity to trot down to the nearest WalMart, speak to the management about this issue, and pass out flyers to the customers as they enter the store: IF THE FEDERAL RESERVE GETS ITS WAY YOU WILL NO LONGER GET YOUR LOW PRICES AT WALMART. THIS is EXACTLY the kind of trigger that could serve to wake up the slumbering masses. NOBODY has got time to sit and listen to hours of videos. LOW PRICES is one thing that just about EVERYBODY understands. ---------- Susan 2010-11-05 11:27:34 Permalink
Hogman Posts: 7874 Incept: 2008-02-18 Derby City, USA	good point 2010-11-05 11:46:19 Permalink
Va_voter Posts: 45 Incept: 2009-08-03	Jim Grant must have ice water in his veins. That interviewer is hot. 2010-11-05 15:46:12 Permalink

Quote:

Quote: