Invented Enemies & Financial Busts

Stacy Summary:  Financial busts and fake enemies really go hand in hand, don’t they?  America has had fake enemy after fake enemy at an ever increasing rate and it never seems to stop working. I think the latest bout of fake war would be more fun, however, if we could compete, like during the Cold War, against our fake enemies in the Olympics. Imagine if the Taliban and alQaeda sent teams to compete in downhill skiing, basketball or gymnastics?   At least we would then be able to claim some ‘victories’ in the endless fake war.

30 comments on “Invented Enemies & Financial Busts
  1. maxkeiser says:

    here’s the next 20 trillion in ‘surprise debts’ to show up..

    bon appetit

    http://www.gata.org/node/8080

    by the way, this will give the dollar a pop on the upside and gold will probably hit a small air pocket that will look very scary.

    the primary trends will be in place for a long time

  2. rich says:

    Anybody know where and when….I’m leaving N. America and don’t want to land in the centre of a Beck-pile.

  3. Michael Le Couteur MSCD, ret'd says:

    It does seem quite inevitable. I cannot imagine everything just going merrily along while Rome burns. Oh well, I guess all we can do is wait for the Aliens to save us eh?

    “Landru, guide us!”

  4. Danny says:

    Max, go take that French reporters interview and blow the lid on Buzzy Krongard and the rest of them

    Hope this helps, but I’m sure you know must of it
    http://www.fromthewilderness.com/free/ww3/10_09_01_krongard.html

  5. warburg sidney says:

    I do not like turkey, it is to dry!

  6. Adam C says:

    “…in his gloomiest prediction yet”

    Heard that before.

    Fake enemies?

    War on Internets
    http://www.youtube.com/watch?v=kkAngvkWVkk

  7. warburg sidney says:

    A conspiracy-theory- mind could be very inventive? don´t you think adam?

  8. TJ says:

    Excuse me if this link was already posted elsewhere

    http://www.telegraph.co.uk/finance/personalfinance/6650564/British-banks-win-landmark-overdraft-ruling.html

    The broken UK banks win another reprieve and their customers get a kick in the nuts, again!

  9. Mishopshno says:

    A propos of fake wars.

    Tony Blair not going to be king of Europe so Polanski can finish making his film and get out of jail (not free, however)

    http://news.bbc.co.uk/2/hi/europe/8379141.stm

  10. TJ says:

    @rich

    Try Paraguay, I hear Ken Lay is selling the lot next door;-)

    or was that Uruguay?

  11. frances snoot says:

    “Strauss-Kahn said the two crucial factors to achieve the status of major economic power today are a big population and technological advances.”

    Now, that’s interesting from Strauss-Kahn! A big population a bonus?

  12. sklein says:

    @F. Snoot

    Now, that’s interesting from Strauss-Kahn! A big population a bonus?

    A big population of slaves is always a bonus.

  13. Chalcedonite says:

    Going to Berling for Thanksgiving. What is the best of the city?

  14. Chalcedonite says:

    Berlin

  15. warburg sidney says:

    Mishopshno
    “Tony Blair not going to be king of Europe”
    Tony´s baby!

  16. Dedo says:

    @Chalcedonite,…Use Potsdamer Platz as your base, I made the mistake of using the East side one time (it’s a shit hole).
    Potsdamer is quite central, so buzzing with activity.

  17. frances snoot says:

    Waging a war on a method against an enemy that has no real country is bound to fail and waste a lot of money in failure. As for where next, given Obama’s sabre rattling against Pakistan, that is one place to keep an eye on. Iran is another.

    Obama is not going to work on behalf of his own personal agency nor the agency of the Pentagon, the neocons, or the American war industrialists. Obama works on behalf of the UN Security council, which is bound to the vote of the five nations currently sitting with seats on that council:
    http://www.un.org/sc/members.asp

    Why does Mish ignore this fact? Obama received the Nobel Peace Prize for his willingness to lay down American hegemony for a coalition approach to war. The Afghan war is being fought without abeyance due to the UN Security mandate of 2001 being continually extended by the Security Council MANDATE.

    http://www.un.org/News/Press/docs/2009/sc9762.doc.htm

    The new ideology seems to be an adherence to the matter of disinfo, willful ignorance of the governing structure and protocol of the international players operating through the existing channels of the IMF/BIS UN BrettonWoods operation, to protect the interests of the G20 power vectors. Or perhaps to use the Americans as a handy scapegoat.

  18. frances snoot says:

    @SKlein:
    In the post-industrial world the superfluous populations of sovereign nations will be “everybody’s concern” seeing as the new ‘currency’ exchange which Strauss-Kahn is slavering over is based on the commodification of people’s right to breathe. In that scenerio, breathing would be a bit prohibitive to the good of the collective global agenda and not a bonus.

    I think Strauss-Kahn is deflecting his intent.

  19. Dante says:

    Judge blasts bad bank, erases 525G debt

    A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.
    Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its “harsh, repugnant, shocking and repulsive” acts.
    The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.

    http://tinyurl.com/ykql2ly

  20. frances snoot says:

    As for where next, given Obama’s sabre rattling against Pakistan, that is one place to keep an eye on. Iran is another.

    Skip the hype, the press, and go to the source of the UN Security Council to see which way the war goeth:

    http://www.un.org/Docs/sc/

    Recent activity:
    http://www.un.org/Docs/sc/unsc_resolutions09.htm

    Mandates are listed individually at this site:
    http://www.un.org/en/

    OBAMA WILL NOT PROCEED WITH ANY ACTION OUTSIDE A MANDATE APPROVED BY THE MEMBERS OF THE SECURITY COUNCIL.

    To say otherwise is to practice speculative journalism.

  21. PatrickEA says:

    I perceive a contradiction in this article, perhaps one of you guys can elaborate and explain it for me:

    Faber: The best way to deal with any economic problem is to let the market work it through.
    Mish: Agreed

    Faber: The way communism collapsed, capitalism will collapse.
    Mish: I disagree on a technicality. Capitalism will not collapse, because we are not practicing capitalism. Instead, we are practicing a perverse blend of corporate fascism, socialism, corruption, and padding of the pockets for and by those running the country. Yes, that will collapse.

    Mish claims that we don’t have a proper capitalistic system. If such is the case then how can he agree with Faber on the former point that the ‘market’ can work through the problem?

  22. frances snoot says:

    @PatrickEA;
    Mish says that the best method is free market working but that we don’t have a free market so that the best method wasn’t a viable alternative. In that there is no contradiction.

    Our economy was a ponzi-securitization scheme run through the currency cartel. The economy has been destroyed through the death of securitization. The Fed has blown money through the system using Talf to keep the engine from seizing. Talf ends in June 2010.

  23. doomandbloom says:

    @ maxkeiser

    i was waiting for this ‘pop’ since a long time…will use this to buy more gold :-)

  24. RE “Marc Faber Sees…” — Faber, schmaber. This is news? Max Keiser and Denninger are NEWS. Pravda isn’t too bad, either.

  25. Faber impresses me as a twerp with a billion dollars. Big deal. Like Gates. A jerk with a ride.

  26. Tony says:

    I LOVE DR. DOOM!! Dr. Faber did not say anything new in this article. It is cool to see one of the top deglationist Mish comment on one of the top deflationist. Faber is not as ridgid as Peter Schiff and he’s spookier than Rodgers. Mish could keep up with any of them. I still say Faber is the most Yoda like. You don’t argue with Yoda!!!

  27. As i said, Faber is a little lisping twerp with a billion dollars. Like Bill Gates, a jerk with a ride. I’m unimpressed. Many people are good at synthesis, few at truth and original thought.

    Although i’ve only looked at a few Mish Shedlock articles and clips, i’m (preliminarily) similarly unimpressed with him.

  28. MISHOPSHNO says:

    sidney warburg

    Like Macbeth,the Ghost will not stop haunting Tony!

    BTW, why did you pick that fairly obscure moniker (which I understand thoroughly)

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