What happened to all of the doom and gloom economic threads?

[Sean Renaud]

I think the state of Ill will be next to file for chapter 13

You better hope not. We pay for the upkeep on all you stupid bitches who can't be bothered making money.

 

[jeninflorida]

No butt fuck, one man does not a party make. Oh, and the magic of Republican pussy is so much more apparent when viewed against the hideousness of Democrat pussy:

http://4.bp.blogspot.com/-j7xppr8DYsI/TkmhxgXpCWI/AAAAAAAAASA/Hlr1QGUYpik/s1600/republican%2Bwomen%2Bv%2Bdemocrat.jpg

and this is the best of the democrate welfare party

 

[unregistered]

 

[Adre]

and this is the best of the democrate welfare party

I think a couple of your beauties sport a nice big cock. And check out Michelle Malkin without makeup before you propose marriage. Whew!

 

[unregistered]

 

[Sean Renaud]

Does Biden represent your party?

You have to admit that Democrat females are more angry, maladjusted, and unappealing to the discerning eye, of course when oat bags flapjack boobs are the standard folks like you can keep smilin'.

BTW clown, Lit is all about sexism in one form or another. I have to admit your interest in bar hides is a stretch....

No no we don't. We have to admit that Republicans let women fuck their way to the top but I'll take the Dixie Chicks, the Hollywood Hotties (unless you'd like to claim that Hollywood is suddenly Republican) any day of the week.

Lit is about sexism?! Please lower the derp levels, at this level they can cause an otherwise rational person to have a Busybody moment.

 

[Sean]

No butt fuck, one man does not a party make. Oh, and the magic of Republican pussy is so much more apparent when viewed against the hideousness of Democrat pussy:

http://4.bp.blogspot.com/-j7xppr8DYsI/TkmhxgXpCWI/AAAAAAAAASA/Hlr1QGUYpik/s1600/republican%2Bwomen%2Bv%2Bdemocrat.jpg

Apart from Palin, have any of the Republicans actually held a political job? How come no Condi Rice?

Ah, Bachman too.

 

[unregistered]

 

[unregistered]

 

[Sean Renaud]

Apart from Palin, have any of the Republicans actually held a political job? How come no Condi Rice?

Ah, Bachman too.

To be fair Michelle Obama hasn't held a political position and she's also quite fuckable. Why they have her war face and also found the one picture of Michelle Malkin sedated enough to look like she's not about to bite the head off a bat is interesting.

 

[Sean]

Because we are a government of the people by the people and for the people, a government job is not a criteria for public service.

No, but if you compare the two groups of women, it seems the Democrats are kicking the shit out of you in giving women, you know, actual power. Rather than being a media bunny prized for their looks.

 

[IrezumiKiss]

Does Biden represent your party?

Not that the subjects at hand are anywhere near comparable, but unlike your fairweather-friend-composed party, you don't see any Democrats disowning him for his mouth, do you?

You have to admit that Democrat females are more angry, maladjusted, and unappealing to the discerning eye, of course when oat bags flapjack boobs are the standard folks like you can keep smilin'.

And the sexist hits just keep on comin'!

BTW clown, Lit is all about sexism in one form or another. I have to admit your interest in bar hides is a stretch....

No, Lit's about sexism when sexist assholes promote sexism. Usually they do this around other likewise sexist assholes because it's safer to talk shit when there's a bunch of guys needing to enhance their threatened manhood with ball-boosting backup. So, how's that life working out for you so far?

 

[Sean]

Because we are a government of the people by the people and for the people,

And this is utter bullshit, whichever of your two groups of millionaires is in office.

 

[Sean Renaud]

And this is utter bullshit, whichever of your two groups of millionaires is in office.

Isn't there a fire for you to die in someplace?

 

[4est_4est_Gump]

Isn't there a fire for you to die in someplace?

He can't afford the carbon tax...

 

[Sean Renaud]

He can't afford the carbon tax...

I'll pay if you jump in.

 

[4est_4est_Gump]

I have been calling for a base metals bust for some time, fueled by a slowdown in China. Michael Pettis at China Financial Markets has been saying the same thing. Indeed, it is analysis from Pettis that influenced my views in the first place.

Pettis now believes commodity prices will collapse by as much as 50% over the next few years. His rationale is solid.

Here are a few snips from a recent Michael Pettis email in which he outlines the case:

http://globaleconomicanalysis.blogspot.com/#R0eUUAdoKca5pkgw.99

 

[Sean]

So I did a bit of Googling. Here is a picture of every female Republican that has ever served as a state Governer. Perhaps Vettebigot would like to tell us which one he thinks is the cutest?
http://www.nh.gov/nhdhr/publications/legport2/images/roy.jpg
http://www.nga.org/files/live/sites/NGA/files/images/Govimages/PGORRNE.jpg
http://my.firedoglake.com/philipradford/files/2012/05/Christine-Todd-Whitman-Fortune-Live-Media.jpg
http://upload.wikimedia.org/wikipedia/commons/thumb/0/09/Gov._Jane_Dee_Hull.jpg/150px-Gov._Jane_Dee_Hull.jpg
http://votesmart.org/canphoto/1698.jpg
http://mt.gov/gov2/images/martz.jpg
http://honolulunotes.files.wordpress.com/2011/08/linda-lingle2.jpg
http://www.wattscookinblog.com/wp-content/uploads/2010/03/olene-walker.gif
http://upload.wikimedia.org/wikipedia/commons/thumb/3/31/FEMA_-_29383_-_Photograph_by_Debra_Young_taken_on_04-19-2007_in_Connecticut.jpg/220px-FEMA_-_29383_-_Photograph_by_Debra_Young_taken_on_04-19-2007_in_Connecticut.jpg
http://www.alan.com/wp-content/uploads/2011/03/6a00d8341c3f8153ef013486af9f82970c-320wi.jpg

ETA: Lit will only let me post ten pics. The last three aren't Bo Derek, trust me.

 

[Sean Renaud]

http://mt.gov/gov2/images/martz.jpg

You're vouching that creature is female?

 

[Sean]

You're vouching that creature is female?

According to wiki.

 

[Sean Renaud]

Wiki is not a credible source. I'm very sorry about this but you need to check the plumbing yourself because I'm fairly certain that's a man baby.

 

[4est_4est_Gump]

Conclusion

As a state grows, the free market becomes hampered and recedes. Because all states are incapable of rationally allocating resources under their command, it logically follows that the total state must snuff out an economy altogether. When Economic Calculation in the Socialist Commonwealth was published, Mises's "seminal journal article in 1920 on the impossibility of economic calculation under socialism was the most important critique ever leveled at socialism."[37] Fundamental to this critique was the absolute necessity of private ownership in the means of production.

Ludwig von Mises, therefore, was a fierce defender of private-property ownership. For without private property, an economy cannot emerge:

It is an illusion to imagine that in a socialist state calculation in natura can take place of monetary calculation. Calculation in natura, in an economy without exchange, can embrace consumption goods only; it completely fails when it comes to dealing with goods of a higher order. And as soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible. Every step that takes us away from private ownership of the means of production and from the use of money also takes us away from rational economics.[38] (Emphasis in the original)

Mises did not, however, view socialism as systematized robbery.[39] Had he been aware of the Soviet Union's brutal treatment of kulaks during its collectivization process, it is possible he would have changed his mind. Per The Black Book of Communism,

Recent research in the newly accessible archives has confirmed that the forced collectivization of the countryside was in effect a war declared by the Soviet state on a nation of smallholders. More than 2 million peasants were deported (1.8 million in 1930–31 alone), 6 million died of hunger, and hundreds of thousands died as a direct result of deportation.[40]

Such shocking information may have jarred Mises into grasping that all states, by definition, exist based on systematized robbery and violence. In turn, any entity whose very existence depends on systematized theft and coercion inherently must misallocate resources and destroy capital. In a world of scarcity, such an institution must be deemed antihuman and irrational. Socialism, accordingly, isn't the problem; the state itself is.

Mises, to be sure, had serious misgivings about the state:

Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will. It allows other forces to arise side by side with and in opposition to political power. It thus becomes the basis of all those activities that are free from violent interference on the part of the state. It is the soil in which the seeds of freedom are nurtured and in the autonomy of the individual and ultimately all intellectual and material progress are rooted.[41]

Inherent to private property is the right to self-ownership, "a right held by everyone by virtue of being a human being."[42] Every person, in other words, has a property right in his own body. By extending Mises's view of private property to each person's body, the sphere in which mankind would maximize freedom along with intellectual and material progress would be where no state exists at all.

http://mises.org/daily/6177/The-Economic-Irrationality-of-the-State

 

[eyer]

It's Coming: One Pro Sees Big Stock Selloff in 10 Days

An equity strategist for Goldman Sachs [GS 106.41 0.69 (+0.65%)] is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.

The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.

An ECB Governing Council meeting takes place this Thursday amid growing expectations that ECB President Mario Draghi will lay out some dramatic measures, such as bond purchases or yield caps.

The Fed, meanwhile, meets on Sept. 12 and 13 amid hopes that the central bank will decide on a third round of quantitative easing.

“Our conversations with clients suggest investors anticipate decisive ECB action...and announcement by the (Fed's) FOMC of another round of asset purchases (QE3),” wrote Goldman’s Stuart Kaiser in a note.

Beyond the money

But Kaiser doesn't think the Fed will embark on a third round of easing so soon, nor will the rest of Europe—namely Germany—support bold steps by the ECB to resolve its debt crisis.

Bottom line: investors will be disappointed and dump stocks.

Full piece here:

http://www.cnbc.com/id/48896105

 

[bra_man69]

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. .... This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. " - Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934 Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden served as Chairman of the Banking and Currency Committee for more than 10 years. There were two assassination attempts against McFadden.

 

[4est_4est_Gump]

Spain's Capital takes flight:

http://www.cnbc.com/id/48889555