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THE Bond Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby deMolay » Sat 06 Nov 2010, 09:34:20

State Bailouts are well underway. The money crunch and shutdowns are coming fast. The bondmarkets will punish Obama and his foolishness. He is nothing more than a common Chicago street rabble rouser. No experience, no substance. He will be a pariah werever he goes now. http://online.wsj.com/article/SB1000142 ... 08076.html
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby mos6507 » Sat 06 Nov 2010, 10:21:39

$this->bbcode_second_pass_quote('Cloud9', '
')The Keynesian concept that wealth is created by debt seems counter intuitive to most Americans.


Which americans are these? Those who maintained their illusion of wealth through home equity loans and credit cards? Suddenly they are scolding the government for behaving the way they did? Debt is part of the fabric of American culture and this fixation solely on government debt ignores that.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Cloud9 » Sat 06 Nov 2010, 10:30:13

A good bit of them showed up in Washington when Beck asked them to march. Considerably more of them showed up and voted the democrats out in the national, state and local elections.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby eastbay » Sat 06 Nov 2010, 14:20:57

From what I understand he often blurts out wild exaggeration and nonsense.

A few days ago I was driving across town flicking through the radio stations and he was on the air blabbing away about China. I listened for a few minutes. During this tirade, the essence of which was unclear to me, he claimed the male/ female birth ratio in China was 3 to 1. It's really about 1.1 to 1 according to the CIA World Factbook. Listen to Beck for entertainment. He is an entertainer.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 14:26:35

Becks a Mormon, and a lot his song and dance about "5000 years" and "hanging by a thread" is from a Mormon crackpot white supremacist David Koresh type in the 1950s.

As a Mormon, Becks supposed to be stockpiling food anyway, so all this crap drive business to LDS companies.

Don't forget, there's supposed to be a huge apocalypse which the Mormons will survive in their basement bunkers while the rest of us die. In Beck's carckpot version, a Mormon leader will arise to save America. Sound like Romney? Yeah, and according to Mormon geneology, Romney is a direct descendent of Old Testament prophets, so he's already nearly a demigod.

Did I mention the part how the rest of us are supposed to die? Oh yeah, I did.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 14:28:23

$this->bbcode_second_pass_quote('Cid_Yama', 'A')nd why would anyone give any credence to anything Glenn Beck might have to say?
Insanity?

Some people are unable to ignore drug addicts and sociopaths because they remind them of mom or dad. This generation effect is why addicts and sociopaths can never run out of victims. If Beck's insane, then it also means their mom/dad was insane, hence it means that everything they learned about people in general while being raised by an insane is person is wrong, then they would have to doubt their own sanity. Coming full circle, for these poor souls, doubting Becks sanity is to question their own, and this is something that have worried about their whole lives.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 15:29:19

$this->bbcode_second_pass_quote('deMolay', 'O')h yes yes. Keep drinking the Obama Koolaid. Is America better off with 2 years of Obamanomics? Are you better off. Will printing money bring wealth and jobs to America. The whole rest of the world is very worried about the debt crisis in Obama's America. He is increasingly seen as a buffoon. All talk and no substance. Some are saying the real debt for his year 2009 is 4 Trillion.

Not going to argue with any of that stuff because I'm too lazy, but let's fast forward and ask how do feel about be played for a fool by the GOP and the Tea Party? They are backpedling as hard as they can from what they said during the campaign.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Sixstrings » Sat 06 Nov 2010, 16:11:00

$this->bbcode_second_pass_quote('PrestonSturges', 'D')on't forget, there's supposed to be a huge apocalypse which the Mormons will survive in their basement bunkers while the rest of us die.


Well.. most of the Mormons are all in one place, they run their own state, they stick together, and you say they all keep a year's worth of preps too? I dunno Preston, maybe they would be one of the few cohesive groups standing in the wake of Megadoom.

$this->bbcode_second_pass_quote('', 'I')n Beck's carckpot version, a Mormon leader will arise to save America. Sound like Romney? Yeah, and according to Mormon geneology, Romney is a direct descendent of Old Testament prophets, so he's already nearly a demigod.


I'm not Mormon and I'm not Republican so I'm neutral here. My nonpartisan guess is that Romney is odds on favorite for the next nominee, and will most likely defeat Obama. Darn those prophecies, true again?

$this->bbcode_second_pass_quote('', 'D')id I mention the part how [b] the rest of us are supposed to die? Oh yeah, I did.


Maybe the lesson there is either join the Mormons or learn something from them.. get some community around you, build stronger family ties, make sure everyone has a year's worth of preps. Not bad ideas you know.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Mesuge » Sat 06 Nov 2010, 16:16:16

$this->bbcode_second_pass_quote('Sixstrings', ' ')Then he goes into how after this meltdowm after 15 days the New World Order would come next. Here's the radio show clip link: http://www.youtube.com/watch?v=XzsJoVyidhU

(There is more important two part video he announced on that radio clip):
http://www.youtube.com/watch?v=gk33gnUvCgc
http://www.youtube.com/watch?v=GJmJqG7YJuo


What a bizzaro world, this is a frontal attack on Fed system on american TV, explained on blackboard, Mr. Rogers style, yet this is known right-wing propaganda establishment mill.. :twisted:

I'd like to see some analysis of this event, is it about taking inniative on kicking Fed into some corner? Is it mighty wurlizter locked inside enigma wrapped in propaganda or what the heck is this about?

This smells like part of the TPTB just really want to flush/(and hopefully reset to their advantage the entire system), very surreal experience to say the least.. Must see, even if you have to block your nose, btw. notice how he is glowing after the elections like 7yrs old kid, does he expect pink unicorns, perhaps nuke codes would be enough after 2012?

//

$this->bbcode_second_pass_quote('vtsnowedin', '(')Remember when the collapsed Russia had to resort to paying for stuff with boatloads of vodka?). Twenty million barrels a day of $125 plus oil adds up to a lot of F-22s and other stuff we really shouldn't be trading to people who don't like us. The Chinese can pay for their oil with all the things you buy in Walmart. What are we going to put on the boat to pay for our next supper tanker of oil?


Very good comparison to Russia during her implosion, there is plenty to be sold, grains, fresh water, some cash generating infrustructure (trains?), ..
However, the hardware like F22 is not very likely, it's a blackbox and high cost stuff, they can get almost the same (well no more half generation older) in joint development agreement with the russians, for fraction of the cost, so they can build thousands of them.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 18:52:51

$this->bbcode_second_pass_quote('Sixstrings', 'M')aybe the lesson there is either join the Mormons or learn something from them.. get some community around you, build stronger family ties, make sure everyone has a year's worth of preps. Not bad ideas you know.
I'd still be incredibly curious if a presidential candidate's supporters believe that the end of the world is coming, not at some unknown date, but right away, and that they are supposed to live while everyone else dies right away. I've never heard all the details, but usually the doomsday cults have very specific scenarios.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Ludi » Sat 06 Nov 2010, 18:57:34

$this->bbcode_second_pass_quote('PrestonSturges', ' ')according to Mormon geneology, Romney is a direct descendent of Old Testament prophets



So he's Jewish? 8O
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Rod_Cloutier » Sat 06 Nov 2010, 19:46:22

I likely have the most left of center views of probally anyone on this site, but even I like watching Glen Beck.

Awhile ago, he showed a senate proceeding where a senator got on the floor to apologise to American blacks for the slavery that existed in the US prior to the US civil war. Glen remarked that what he should be apoligizing for is that they are doing little to nothing about the problems and issues of 'Today' and instead are wasting time contemplating problems that occured centuries ago.

I was agast, this is exactly how I feel as well. I am a Canadian, and whenever I see a proceeding of the Federal goverment I am taken aback that the clerks, and other formal staff are all required to dress and act like its 1867; they have never modernized.

If people are about to hoard food, now would be a good time to buy food production and food distribution stocks like Kraft foods, Sysco, and General mills. The profits for the coming quarter will be on the up and up.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby vision-master » Sat 06 Nov 2010, 19:46:59

$this->bbcode_second_pass_quote('', 'I') asked Clif the following:

Hi Clif,
Several things happened on Friday the 5th, such as:O (and 3,000 others )leaving the U.S., China getting more power from the IMF, and France and China agreeing that the world needs a new currency. Question is, which of these (if any) would you say mark the beginning of the plateau? Or, are we still waiting for something to mark it?
Thanks, Jean

Here is his answer:

i am of opinion it was glen beck show. i think it will impact the sleeping lion masses
more than what you cite...at least directly . Plus it was spookily close to our timing call for
the day. And the language that was in the show was a staggering 95.788 percent within our
forecast set. So i think this gets us [visibly] started. then all the other stuff piles on.
just my impression. but history will make better judge.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Ludi » Sat 06 Nov 2010, 19:48:57

$this->bbcode_second_pass_quote('Repent', 'I') likely have the most left of center views of probally anyone on this site


I doubt it! :P
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby vision-master » Sat 06 Nov 2010, 19:49:58

11/14/2010 8O
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Ludi » Sat 06 Nov 2010, 19:51:09

$this->bbcode_second_pass_quote('vision-master', '1')1/14/2010 8O



8O 8O 8O 8O 8O
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 21:17:45

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('PrestonSturges', ' ')according to Mormon geneology, Romney is a direct descendent of Old Testament prophets

So he's Jewish? 8O
Mormons believe Noah's sons built arks and some of them sailed to the new World during the flood, so his son Brandon's ark landed outside Cleveland. I'm hazy on the details, but that's pretty close. So Romney should be able to track his geneology pretty much back to Adam and Eve.

Mormons ain't Jews, but I think they believe Indians are Jews.
Last edited by PrestonSturges on Sun 07 Nov 2010, 02:06:21, edited 1 time in total.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Expatriot » Sat 06 Nov 2010, 21:58:11

$this->bbcode_second_pass_quote('Sixstrings', 'F')rom what I read on ZH, the Fed is ALREADY monetizing the entire federal budget deficit -- so is it even possible for us to have a bond crisis?


Your knowledge of economics is on par with your knowledge of Con Law.

Here's how it could play out.

Fed keeps printing money.
Fed keeps buying bonds.
Dollar keeps losing value.
Bond holders, other than Fed, stop buying U.S. Bonds.
Fed keeps printing money.
Bond holders, other than Fed, start heavily selling Bonds.
Fed keeps buying bonds.
Fed becomes only buyer of U.S. Treasury Bonds.
At this point, the concept of "U.S. Treasury Bonds" is obsolete, as the Fed can now simply add dollars to a U.S. Govt. bank account and skip the charade.
U.S. dollar is losing value faster than a pumpkin on the 1st of November.
Foreigners stop accepting U.S. Dollars.
Holders of dollar priced assets sell into other currencies.
Value of U.S. dollar heads toward zero.
Savers wiped out.
Loaners wiped out, except large banks, who will get a law passed to add inflation value to their loans.
U.S. citizens can't afford anything produced outside of the U.S..
Riots.

Something like that.

Of course it's possible that the Fed won't simply buy more bonds when foreigners start dumping - then you have a bond crisis that forces rates way up.

The simple fact of the matter is that the U.S. is like a person with a 420 credit score who is getting prime rate minus 3% on a personal loan this is 500 times his/her income simply because he owns the bank. Eventually, the game ends.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby PrestonSturges » Sat 06 Nov 2010, 23:23:43

$this->bbcode_second_pass_quote('Expatriot', '')$this->bbcode_second_pass_quote('Sixstrings', 'F')rom what I read on ZH, the Fed is ALREADY monetizing the entire federal budget deficit -- so is it even possible for us to have a bond crisis?


Your knowledge of economics is on par with your knowledge of Con Law.

Here's how it could play out.

Fed keeps printing money.
Fed keeps buying bonds.
Dollar keeps losing value.
..........
Savers wiped out.
Loaners wiped out, except large banks, who will get a law passed to add inflation value to their loans.
U.S. citizens can't afford anything produced outside of the U.S..
Riots.

Something like that.

Of course it's possible that the Fed won't simply buy more bonds when foreigners start dumping - then you have a bond crisis that forces rates way up.

The simple fact of the matter is that the U.S. is like a person with a 420 credit score who is getting prime rate minus 3% on a personal loan this is 500 times his/her income simply because he owns the bank. Eventually, the game ends.

All because we can't ask millionaires to pay more taxes, civilization must die. Oh well, it was fun while it lasted.

I'm really going to miss on-line porn. And Pop-Tarts.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo

Postby Oneaboveall » Sun 07 Nov 2010, 02:17:33

$this->bbcode_second_pass_quote('PrestonSturges', '')$this->bbcode_second_pass_quote('Expatriot', '')$this->bbcode_second_pass_quote('Sixstrings', 'F')rom what I read on ZH, the Fed is ALREADY monetizing the entire federal budget deficit -- so is it even possible for us to have a bond crisis?


Your knowledge of economics is on par with your knowledge of Con Law.

Here's how it could play out.

Fed keeps printing money.
Fed keeps buying bonds.
Dollar keeps losing value.
..........
Savers wiped out.
Loaners wiped out, except large banks, who will get a law passed to add inflation value to their loans.
U.S. citizens can't afford anything produced outside of the U.S..
Riots.

Something like that.

Of course it's possible that the Fed won't simply buy more bonds when foreigners start dumping - then you have a bond crisis that forces rates way up.

The simple fact of the matter is that the U.S. is like a person with a 420 credit score who is getting prime rate minus 3% on a personal loan this is 500 times his/her income simply because he owns the bank. Eventually, the game ends.

All because we can't ask millionaires to pay more taxes, civilization must die. Oh well, it was fun while it lasted.

I'm really going to miss on-line porn. And Pop-Tarts.


Not only millionaires, but billionaires!

I'm going to miss comic books and Star Trek:TNG.
When the banksters want something, our policymakers move with the speed of Mercury and the determination of Ares. It’s only when the rest of us need something that there is paralysis.

How free are we today with the dominance of globalist capital and militarized security apparatus?
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