China nukes the dollar, the rich hunt down Somali pirates &, No, the American middle-class will not snap

Stacy Summary:  Excellent headlines today.  Thanks @MotherEarth and @Mike2liverpool for your finds.

Stacy – Um, that answer will be ‘no.’ And, in the meantime, the rich are literally eating/hunting the poor . . .

55 comments on “China nukes the dollar, the rich hunt down Somali pirates &, No, the American middle-class will not snap
  1. Mike2liverpool says:

    Ah Stacy
    I think for all my effort on this (& other) sites you & Max should do me a little fav…………I WANT A FRENCH Woman!

    Your there, so be a dear & sort it for me?

  2. Max Power says:

    I am no fan of MJ that just croaked at 50 — however he did provide the fundamental core tune (via “Thriller” album and video) that became modified to become the ITV “Count Duckula” theme … that I do like.

    Note, websites crashing to to MJ traffic is a sign that the core internet in many nations in the Anglosphere may not be that healthy. NZ only had its temporarily become less unusable vs many well known US websites crashing completely.

    Huge demand for the latest news on Michael Jackson’s death took down Twitter and two celebrity news websites today, the Guardian website reported.

    The site which first reported Jackson’s death,, crashed earlier today as millions scrambled for the latest updates, the Guardian said.

    With news-seekers apparently turning to other sources, Perez Hilton’s popular gossip blog also went down temporarily.

    Tens of thousands of Twitter updates about the singer’s death caused the social networking site to be unavailable temporarily earlier today, the Guardian said.

    The US government had urged Twitter to remain online while protests in Iran were at their height, the Guardian reported.

    Heavy demand on caused by massive interest in Michael Jackson’s death also caused some people to briefly experience problems accessing the site.

  3. Tim Gandee says:

    I have tried time and time again to inform my fellow Americans of the theft that is taking place at the expense of the People. The response, on almost every instance, is that they have yet to be hurt by the collapse and government had to step in to save the system. I reply that the system government is saving is the system that allows for the cotinued theft of you and I and that its failure would be a blessing in the long run. Then those people reply to me that they wish not to talk about politics because it nakes them sick. “all we are is just pissing in the wind.” One man cannot save the nation is its people are sleepwalking. i get sick because of the apathy, but understand as i was once there too. their wake up call is coming though and one can only save themselves when they want to be saved. until then i will try to rouse them from their sleep even though my actions make me look like a looney to the sheep.

  4. Max Power says:

    Facebook hermits risk being ‘cat ladies’

    Bulldust, the site — like Facebook — may become a ghost town in a year. Too succeed on the internet you ultimately have to provide some public good — and I see none thus far.

  5. Davem says:


    Have you thought of popping over to the Glastonbury Festival to spread your message about the truth about markets? I see that Mark Thomas will be doing something similar:

    You’d be so much better though

  6. Youri Carma says:

    (h/t Mike2Liverpool) China Reiterates Call for New World Reserve Currency

  7. M says:

    @Max Power

    The internet is not maintained very well. Know why?
    As soon as it gets slow enough government will present the solution: internet No2.
    And what is in internet 2?
    Yep: much more government control. The technique is there already.
    Alex Jones is correct on this one, believe me. It’s not guaranteed that they will pull it off, but the plans are there, they certainly are.

  8. Max Power says:

    Why is the US not printing “Collateral Debt Obligation” on its currency?

    It is my understanding that sovereigns have the right to declare that their paper currency is a collateral debit obligation — by decree if necessary.

    If you go by GAAP accounting rules (they are more lax than the current global accounting standards) — you may not be able to find any equity in the US economy in any shape or form…

  9. Tim Gandee says:

    Don’t fret precious I’m here.
    Step away from the window.
    Go back to sleep

    Safe from pain and truth and choice and other poison devils,
    See, they don’t give a fuck about you, like I do.

    Counting bodies like sheep
    To the rhythm of the war drums
    Go back to sleep

    I’ll be the one to protect you from your enemies and all your demons
    I’ll be the one to protect you from a will to survive and a voice of reason
    I’ll be the one to protect you from your enemies and your choices son
    They’re one in the same, I must isolate you…
    Isolate and save you from yourself …

    Lay your head down child
    I won’t let the boogeyman come
    Count the bodies like sheep
    To the rhythm of the war drums

    Pay no mind to the rabble
    Head down, go to sleep to the rhythm of the war drums

    I’ll be the one to protect you from
    Your enemies and all your demons

    I’ll be the one to protect you from
    A will to survive and a voice of reason

    I’ll be the one to protect you from
    Your enemies and your choices son
    They’re one in the same
    I must isolate you
    Isolate and save you from yourself

    Swayin to the rhythm of the new world order and
    Count the bodies like sheep to the rhythm of the war drums

    The boogeymen are coming
    The boogeymen are coming

    Keep your head down, go to sleep, to the rhythm of a war drums

    Stay with me
    Safe and ignorant
    Just stay with me
    Hold you and protect you from the other ones
    The evil ones
    Don’t love you son,
    Go back to sleep

    – A Perfect Circle

  10. Youri Carma says:

    Japan’s financial regulator has ordered Citigroup to halt some of its businesses (The Financial Times)

    Citigroup Ordered to Suspend Some Operations in Japan (Bloomberg)

    Japanese financial regulators sanctioned Citigroup (MarketWatch)

    Citi Ordered to Halt Japanese Operations (

  11. Youri Carma says:

    I am very curious what Max & Stacy and you guys think about this one?

    Fed begins exit from emergency support measures Huh ???

  12. Youri Carma says:

    TIP: If you are not a subscriber to copie the title of the piece, in this case “Fed begins slow exit from intervention” in Google and search.

    Often the second link under the main link is clickable and you get the complete story.

  13. Phil says:

    Dragon’s Hoard
    In one fell swoop, China profoundly alters gold market synergy

    .. “”We’ve got a situation where Geithner is smiling and has no choice but to stress the credibility and stability of the US financial and economic system, while the creditors [such as the Chinese] smile back and say they believe him, while at the same time giving hand signals to their reserve managers to get rid of these things [U.S. Treasuries].” – Neil Mellor, Bank of New York-Mellon”…

  14. M says:

    It was already predicted that Helicopterman was to do something to stop the slide of the dollar and boost confidence. With the end off his term in sight Bernanke will not let the the dollar collapse, so he had to take action.

    He did. He is not that stupid. It’s all about buying time. Will the market buy it?

    Gold up a little, but it still is under their control off course.

  15. M says:

    Check this out guys, interesting analysis on “beat it” from MJ.

    Don’t have to agree with the whole vid, but it is interesting!

  16. Youri Carma says:


    Well good thinking M (Is that from James Bond?).
    Still think it’s a propaganda move not a real one. It’s Opera with the U.S. dying in the last act and Bernanke crying like the Nero in that Mafia movie.

    James Bond Joke:

    JB: “He that looks like a typical womens gun”
    Spectre: ” So, Mister Bond you know a lot about guns?”
    JB: ” No, I know a little about women”

  17. Phil says:

    Goldman Sachs Principal Transactions Update: Back With A Vengeance

    … ” Zero Hedge is compiling materials to demonstrate the phenomenal gamble CS is taking by being the largest holder of the ETF-underlying pair trade. The ensuing implosion, once the market loses the invisible futures bid, will likely destroy Switzerland’s second biggest bank and likely take down the country with it. ” …

  18. frances snoot says:


    I tried your suggestion of googling the title: it worked and I was able to read the whole article without subscribing to FT.(Excellent link) Thanks!!!

  19. frances snoot says:

    “Even as Ben Bernanke on Thursday faced a bruising grilling on Capitol Hill over the Bank of America-Merrill Lynch takeover, the Federal Reserve took the first steps towards curbing its emergency support for the financial system.”

    I read in the fall of 2008 Bernanke say that the Fed would continue to ‘provide liquidity’ until it was time to ‘stand down’. Well, now it looks like it is time. The system will freeze, like a car engine without oil. doom

  20. Youri Carma says:

    @frances snoot

    Your welcome. Somtimes it’s more difficult cause FT reporter has named his title in general terms so you get lots of other hits. What you can do nxt is to ask google to search for the exact phrase by putting it in between kommas with the addition of

    Example: (“Fed begins slow exit from intervention”

    In 99,9% you are still able to find it and read it or in some copied form on another site.

  21. frances snoot says:

    Sorry to be overextending myself here, but this blog posting from Alex Jones site was too good not to share. I am still laughing:
    “N. R. Key Reply:
    June 26th, 2009 at 9:37 am
    They will, or they’ll force you to go to a camp, and then make sure you’re exposed to the contagion there.
    It’s amazing that a nation founded on genocide & germ warfare is shocked to find out its gov’t would use germ warfare against its citizens.
    Did you sleep all through history class?
    The 3 branches of gov’t are: Mercantile, Military, Mafia.
    The Republic is a ruse.”

    about .gov forcing the swine flu shot on everybody:

  22. Youri Carma says:

    Put it in google whitout the ( ….) maybe I shouldn’t have typed those so, example;

    “Fed begins slow exit from intervention”

  23. Kjr says:

    “American households have lost a stunning $13.87 trillion in wealth from stocks and real estate. ”

    Yes and no. Stocks and real estate are not “wealth”, just licenses to tax wealth. Only wealth is producton of goods and services. They create “surplus”. Americans and everybody else were just robbed by the smart guys in Wall Street and City.

  24. Gerry says:

    @Stacy –
    Ah… I think that headline has either got to be be snapped or just snap.

    But at the moment it’s an unhappy compromise.

  25. stacyherbert says:

    “American households have lost a stunning $13.87 trillion in wealth from stocks and real estate. ”

    The government bailouts and subsidies to the banks and Fed loans to banks now total $13.6 trillion.

    Hmm . . . those numbers almost exactly the same. Lost wealth = $13.87 trillion; Bank bailouts = $13.6 trillion


  26. Don says:

    Jesus! Here we go with that upside down universe shit again!. Dollar drops gold and silver hover. Now, they raise oil prices and sight a number of reasons all but the fact that the dollar dropped. Welcome to retard nation. Be getting out sooooon!

  27. Mike/Liverpool says:

    I want my thing of beauty!

  28. Phil says:

    @Stacy … $13.87 – $13.6 trillion = 270 Billion.

    You forgot the Banker’s Bonus !

    PS: …. and Yes .. you know I can’t resist Coincidence Theories !

  29. Gerry says:

    Jesse’s got some helpful points on deflation.

  30. Photoception says:

    They injected 12 or 13 trillion since last summer and prices have gone DOWN. I think the hyperinflation argument is nonsense. Peter Schiff and Ron Paul are smart, but they just don’t get it. It was a bubble. We know exactly what is going to happen, another Great Depression.

    If I print a trillion dollar bill then burn it, nothing will happen to prices.

  31. stefan.krieger says:

    has always been one of my personal favourites ….while sitting on my ass, doing nothing. And no…the american middle class will not snap…they will slowly wither away.

    Tool- Intolerance

    I don’t want to be hostile.
    I don’t want to be dismal.
    But I don’t want to rot in an apathetic existance either.
    I want to believe you,
    and I want to trust
    and I want to have faith to put away the dagger.

    But you lie, cheat, and steal.
    And yet
    I tolerate you.
    Veil of virtue hung to hide your method
    while I smile and laugh and dance
    and sing your praise and glory.
    Shroud of virtue hung to mask your stigma
    as I smile and laugh and dance
    and sing your glory
    while you
    lie, cheat, and steal.
    How can I tolerate you.

    Our guilt,our blame ,
    I’ve been far too sympathetic.
    Our blood, our fault.
    I’ve been far too sympathetic.

    I am not innocent.
    You are not innocent.
    No one is innocent.

    I will no longer tolerate you
    Even if I must go down beside you.
    No one is innocent.

  32. Youri Carma says:


    Well what’s the use for the economy printing press and burning? It’s completely useless …..unless it’s a bate and switch:

    The Banks have huge piles of toxics but you don’t tell the public how much. Than you get $13 trill and more from the taxpayers. Than you say you gonna unwind cause of fear of inflation and let the $13 trill dissapear into the banksters toxic black holes. That’s why the FED wants to operate in complete secrecy.

    But there are many problems with this theory and if Bernanke says “I am gonna shrink my balances” where does this money go? It should go back to the taxpayers to lower the debt cause initialy this $13+ trill was taken from them. But will this actually happen?

  33. klaos says:

    if prices are dependent on your investors having confidence in your financial prowess, and you print/burn a trillion dollars, then it actually would affect prices.

  34. Dedo says:

    Just a question to throw out there,……….if for the past hundred yrs the fed and it’s cohorts have decieved the American people, and you guys know this,… come everyone is analysing all this stuff?
    Seems to me like you’re being played!
    (you know, keep them busy sort of deal, find the queen,etc)

  35. Youri Carma says:

    btw The very strange thing about Bernankes unwinding is that in fact Banks are still under capitalised and are still deleveraging. Businesses can get no money from the banks cause it isn’t there or banks just won’t do it and that sounds like a deflationairy situation.

    An other fact is that it takes 3 years befor the inflation kicks in full gear cause inflation and deflation is allready here and the FED is lieing all the time anyways about the exact figures. The economy is still in decline which results in a very low Multiplier. Multiplier and the Monatary amount of money have to be seen together never seperate. So, loads of money in the system with Multiplier 0 still makes 0 inflation but is merely a Powderkeg for inflation.

  36. frances snoot says:

    “Our strategy will continue to evolve and be refined, and we will adapt to new developments and the inevitable setbacks. But we will not stand down until we have achieved our goals of repairing and reforming our financial system, and thereby restoring prosperity to our economy.”

    Here’s the link for the Ben Bernanke comment about stand down.

  37. frances snoot says:

    “until we have achieved our goals of repairing and reforming our financial system, and thereby restoring prosperity to our economy.”

    Or the Fed runs out of money, whichever comes first…

  38. Youri Carma says:

    @Dedo I still wonna know how they con us I wonna learn.

  39. Jackie says:

    I have tried to get my fellow Americans to care about what has and is occuring to us. Quite frankly nobody cares. The rest of the world needs to move on. The wake up call will be when we are trying to eat one meal in a days times and when finding that meal we are thankfull to eat that day. This is the most amazing thing I have ever seen or heard about in history.

  40. Youri Carma says:

    @frances snoot

    I only hear hollow propaganda phrases from Bernanke nothing what could look like substantial knowledge. Example;

    Dear Sheople,

    We’ve gone through some very difficult times together (I jus recieved billions of bonusses and you got notin) but we can assure you that whit all our knowledge and expertise we’ve managed to avoid the worst and we ask you to stay calm (so we can loot more) and we asure you that our expertise will lead you back into prosparity again (not). There seems to be a misunderstanding about the intrepetation of inflation which isn’t a problem at all if we take the most prudent steps to avoid this. (I can’t stop the global meltdown and inflation but I can’t say that).

    You see, I’ve said completely notin!

  41. Youri Carma says:

    Luxury cruises to hunt pirates off Somalia strange? What about this one. Angelina Jolie has sights set on the White House: report

  42. Photoception says:


    The bank reserves issue is a big deal, but I’d argue that the total amount of wealth destruction could swallow planet earth.

  43. Dedo says:

    @Youri,…… the adagio,…….lifes a stage (full of actors)

  44. Dedo says:


  45. frances snoot says:


    It was nostalgia, like “Heh, gang, it’s been good to know you.” US is seceding sovereignity over trade to the IMF, but it’s a trap. Goodbye Bretton Woods 2, hello NWO hegemony big time.

    What could Bernanke say? “I am not a crook” was already used once.

  46. Youri Carma says:

    Yep, I know I can’t take them serious and that indeed they are all actors in a bad play and that indeed the debt is huge and that they are finishing a make believe act waving big flags along the train to give the passangers the idea the train is still moving.

    Got this last “flag waving” from some Russian guy who lived through all this shit allready. It’s just I can’t stand the idea of living in this Truman show.

  47. Dedo says:

    Youri,…….c’mon,.it sounds like it’s gunna be a riot!! lol

  48. frances snoot says:


    Because we don’t want to keep pushing the rock up the hill for the damned bankers and hope to understand how to use the rocks to better our worlds. WE might have to resort to throwing them, but it seems so juvenile.
    Here is an interesting theory about civilization rise and fall from Vico Giambattista:

    “Vico and the Descending Age of Heroes
    I was reading about the political philosopher Vico earlier tonight. He had a fascinating theory about the ages of civilization; namely that we have three ages: The Divine (in which authority is derived from God), the Age of Heroes (in which the living embodiment of idealized figures have the authority), and the Age of Man (in which the citizens as a whole possess authority). You don’t cycle through these stages, but instead societies rise and fall. Really, instead of the three stages that are commonly referred to, there are six: The Divine Age*, Divine Ascending, Heroes** Ascending, The Age of Man Ascending, The Age of Man Descending, and Heroes Descending.”
    You are right about we Americans being deceived. It was the age of heroes: Vico Giambattista’s view:
    “This New Science or metaphysic, studying the common nature of nations in the light of divine providence, discovers the origins of divine and human institutions among the gentile nations, and thereby establishes a system of he natural law of the gentes, which proceeds with the greatest equality and constancy through the three ages which the Egyptians handed down to us as the three periods through which the world has passed up to their time. These are (1) The age of the gods, in which the gentiles believed they lived under divine governments, and everything was commanded them by auspices and oracles, which are the oldest institutions in profane history. (2) The age of the heroes, in which they reigned everywhere in aristocratic commonwealths, on account of a certain superiority of nature which they held themselves to have over the plebs. (3) The age of men, in which all men recognized themselves as equal in human nature, and therefore there were established first the popular commonwealths and then the monarchies, both of which are forms of human government.”

    Interesting that the next age is one of commonwealths, then monarchies in Vico’s reasoning. Fema calls US zone a commonwealth on their site.

  49. Dedo says:

    @Frances,…..thanks for the link, interesting.

  50. frances snoot says:

    We studied Vico in a Very interesting class called Intro to Semiotics. Loved it for perspective widening…looks at codes in the world and in language.

    Spooky.How can US savings growth reduce dependence on China? The only possiblity is for .gov to steal the savings. They’re going to steal the money!!! (I do jump to conclusions, but…) here’s the story, what do you think?

    Why do I feel like I live in Argentina pre-2002?

  51. Dedo says:

    I agree totally,….

  52. Brandon says:

    Americans are finally doing the right thing the with saving and the FED won’t let it happen. I only save my money in gold and silver because I fear the future.

  53. problemis says:

    I shall refer to the American middle class, as AMC denoting the similarity between sniveling attention deficit baby boomers and a defunct brand of odd US automobiles.

    Their biggest talent: Ignoring the reality around them.

    Watch: “Hey AMC, look at that new BMW SUV with surround sound and GPS navigation!”

    See, they took their eyes right off of Wall Street and the Fed ripping them off.

    I shall refer to Alan Greenspan as “Crazy Chester” courtesy of Robbie Robertson of The Band and the great parody video:

    “Take a Load Off Fannie”:

    Will the American middle class snap?

    AMC has not eaten a big enough sh*t sandwich yet…

    1. Wait for the next big round of prime foreclosure thanks to U6 unemployment…

    Remember U3 discards those who run out of unemployment insurance as marginally attached then does not count them as unemployed by U3.

    Well bankers don’t discard your mortgage payment because you are marginally attached, they foreclose.

    From the brain at Calculated Risk:

    “Philly Fed State Coincident Indicators: Widespread Recession”

    2. Increasing home values for the middle class translated into consumption to make up for wages that peaked in relative terms in the early 1970s…

    In other words you middle class yups are paid in inflated “Crazy Chester” dollars and/or Helicopter Ben Bucks and have not been paying to attention to the decline in real wages as usual…

    From the brain at Calculated Risk again:

    “The Housing Wealth Effect?”

    ” Here we go again on this hotly debated topic: How much do changes in house prices impact consumption?”

    “[W]e estimate that the average homeowner extracts 25 to 30 cents for every dollar increase in home equity.”
    “[T]hese findings lend support to the view that home equity-based borrowing is used for consumption.”

    Falling home equity and underwater boomers makes for a continued collapse in consumer spending.

    3. The massive Alt-A resets starting 2010 that Turbo Timmie’s stress test period seemed to be designed to end before this wave wackes his banking pals on Wall Street:

    From the brain at Dr. Housing Bubble:

    ” The Truth about Option ARMs, Pick-a-Pay Mortgages, and Alt-A Loans:

    Looking at Wells Fargo, Bank of America, and JP Morgan. We are in the Eye of the $469 Billion Toxic Mortgage Hurricane and Silence is not Golden.”

    Complete with charts for this wonderful foreclosure tsunami statistics.

    “Let me be abundantly clear. We still have a Pay Option ARM and Alt-A mortgage problem. This will hit in full force in 2010 and we are already seeing many mortgage holders having trouble with actual recasts brought on by negative amortization. Yet there is a crew of people saying that Alt-A mortgage products will not bring any trouble because of the low interest rate environment. ”

    So as our hero the AMC runs into more foreclosures, prime, alt-a and option arm in 2010, rising unemployment, no wage growth and increasing numbers with negative equity.

    The life style our baby boom heroes may finally wake up to a grim reality when their last sip of “Obama Kool-Aid” runs out.

    They will come to the grim realization that the only ones who got change they can believe in were Fat Larry Summers and Stevie “the Rat” Ratner and a host of Rubinites and Goldman worms on Wall Street.

    America’s smartest, most socially conscious generation, just ask them they will tell you (haven’t baby boomers been telling us this for the last 40 years?), may be staring face to face with the scorched earth this generation left behind them for so many others in this society and in fact in most of the world.

    In an ironic twist, it may have been their own greed and lack of regard for the collective good for society that pushed baby boomer’s self interest for their 401k values above all else financing Wall Street with the cheap capital for the looting of the US economy.

    They ignored Congress $3 trillion looting, whoops I mean borrowing of Social Security trust fund surpluses since the Alzheimer Puppet Reagan, they ignored massive health care deficiencies for the general public so long as the economy “grew” along with their 401k’s so the baby boomers and the AMC “got” theirs.

    In the most ironic twist of all, the generation that screamed protested, burned and bombed property all across the nation in the 60s when it was they who were being drafted for cannon fodder in Vietnam, sat silent and were oblivious as this current generation was sent off for empire’s war in Iraq.

    The AMC and in particular the baby boomers did not even notice war existed in Iraq as long as home prices and 401k’s were on the rise… why rock the boat. What was good for war profiteering corporations on Wall Street was good for the AMC and the baby boomers. The greatest protest generation of all time sold out the youngsters today for home equity.

    They turned blinded eyes toward Clinton’s gang of Rubinites, head Rube Robert “What Me Worry” Rubin, Fat Larry et al stripping regulation for self interest of the privileged.

    The privileged… of which until last September the baby boomers and the AMC thought they… wink, wink were a part.

Watch the latest Keiser Reports:

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