Toot, toot! Treblinka anyone?

New:

The U.S. declares the old dollar null and void, requiring all old dollars to be converted into “new dollars.” This conversion is more dangerous to US citizens than it would be for Greek citizens
All contracts and obligations in the U.S. are denominated in dollars. The government could easily mandate that all existing claims can be honored by payment in full with “new dollars?”

12 comments on “Toot, toot! Treblinka anyone?
  1. Tom says:

    For your enjoyment with the IPO frenzy over Facebook

    A Letter from Mark Zuckerberg

    About Facebook’s IPO

    MENLO PARK, CA (The Borowitz Report) – On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:

    Dear Potential Investor:

    For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.

    Tomorrow is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?

    For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.

    Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.

    Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.

    Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.

    With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.

    One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.

    Friend me,

    Mark

  2. newladworkingin EIRA says:

    Max and Stacey

    Perhaps you might want to draw readers’ attention to this:

    http://topdocumentaryfilms.com/catastroika/

    The creators of Debtocracy analyze the shifting of state assets to private hands. They travel round the world gathering data on privatization in developed countries and search for clues on the day after Greece’s massive privatization program.
    The documentary uncovers the forthcoming results of the current sell-off of the Greek public assets, demanded in order to face the country’s enormous sovereign debt.
    Turning to the examples of London, Paris, Berlin, Moscow and Rome, Catastroika predicts what will happen, if the model imposed in these areas is imported in a country under international financial tutelage.
    Slavoj Zizek, Naomi Klein, Luis Sepulveda, Ken Loach and Greg Palast talk about the austerity measures, the Greek government as well as the attack against Democracy on Europe, after the general spreading of the financial crisis.
    Academics and specialists like Dani Rodrik, Alex Callinicos, Ben Fine, Costas Douzinas, Dean Baker and Aditya Chakrabortty present unknown aspects of the privatization programs in Greece and abroad.

  3. Tao Jonesing says:

    There’s no doubt we’re witnessing a slow motion train wreck, but the fact is that we are going to see gold and silver prices go substantially lower at least one more time before the US engineers a “soft default.”

  4. casamurphy says:

    My Samsung galaxy has been an extremely stable device, but that munknee sites crashes it every time. Btw I’m running dolphin browser.

  5. Illinois Brandon says:

    Peak oil force the regional breakup of North America and of both the US and Canada. Look without cheap air travel or gasoline for driving it will it be impossible to get from one coast to another. In North America you have good freight rail service but Passenger service sucks!

  6. Mother Earth says:

    I’d say such an exersice only makes sense if there is a change in some fundamental parameter in terms of supply and production. There isn’t as of yet..

  7. james chen says:

    @ max/ stacy

    herro hope good day…. you two get awound…. first new york, dhen califourneeah….. me rikey your rifestyrle..

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

  8. Mini US says:

    So, International Fraud with an army to protect it.
    Instead of printing old dollars you print new dollars.
    Hmmm, could just work.

    Get Gold.

  9. Harry says:

    @Mini US: just ordered some PMs. slightly after the deep point of the dip, but still fairly priced.
    Any predictions on more of these dips?

  10. Flopot says:

    “Both Europe and the U.S. have gotten to their desperate states as a result of social welfare systems that have run out of control. In the U.S. politicians have borrrowed and used the printing press to spend more than government collects and to buy votes with promises that cannot be kept. As a result, the U.S. is insolvent just like Europe.”

    “A massive wealth transfer would have been effected away from the productive sector toward the unproductive (government) sector.”

    Toot! Toot! That article about the US engineering a soft default is piece of brainf**king rubbish. Now maybe if the article blamed the debt on
    social welfare for the corporations and pointed out that the so-called productive areas of the US economy have always had government subsidies then I might have taken it more seriously.

    The US corporatists will default when the time is right but that article is spreading the old lie that the government is to blame. This is what the US corporatists always do – blame the government even though the government is merely carrying out the wishes of big business. The Corporations are the government.

    Now if the writer is being discreet and is intimating this, I will get my coat.

  11. Quote:- ‘Unbelievable’ Fraud
    Ellis, a Dallas orthodontist, testified in Congress last month that the “flagrancy of the fraud” she found in audits she performed for Texas Medicaid “is truly unbelievable,” with only 10 percent of the paid claims she reviewed actually qualifying for Medicaid coverage…”

    “DESTROYED BY FRAUD!”… This could??? be the epitaph on the gravestone of America!

  12. Skiddypants says:

    Does this guy really believe wages will go up 67% in line with the revaluation under this senario ?
    Soundz unlike any devaluation I know eg Mexico, Argentina etc.

    Cheers

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