Capitalism is a Chaotic System With Frequent Bubbles and Bursts So That's Why We Should Switch to a "Managed Economy" Like China

Something Tom Friedman has said a dozen times, but I wonder if he's saying that now.

China's markets lost 5.9% last night, and have lost about one third of all value the past month.

The Chinese government struggled in vain Wednesday to prevent the distress in the country's stock markets from spreading, as it openly fought market forces it has pledged to give a larger role.
Early Wednesday, the Chinese authorities rushed out another raft of emergency measures to halt what is turning into a crisis of confidence in leaders' ability to steer the economy. But before the day was over the equities selloff had spilled into offshore trading in the Chinese yuan and worsened a drop in global commodity prices.
Wednesday night, China’s securities regulator said controlling shareholders and executives who own more than 5% of a company's stocks aren’t allowed to sell their holdings for the next six months. Any violation of the rule would be "treated seriously," the regulator said.
It didn’t help that China's central bank extended funds for loans to buy shares. Nor that the agency that oversees China's oil giants and other state enterprises forbade them from selling their shareholdings.

The stocks declined over 8% before China came in to shut down the markets --and to make it illegal for many people to sell their stocks.

That should certainly stop the panic! As someone who actually has panic disorder, I know nothing cures panic like that feeling that I'm trapped and can't escape. It's like a miracle cure.

China's deliberately-created housing bubble is bursting and who knows what the world fallout will be from this.

Damn, I love authoritarian communism

Oh: While there aren't many Americans directly invested in China's markets (except, I hope, Tom Friedman), the fact that a half a trillion dollars has just been destroyed, with perhaps another full trillion coming, is going to have an impact elsewhere in the world.

China's stock market crash matters, via @sinoceros @HeathaT Here's why http://t.co/MEBO3CqGuW pic.twitter.com/UjfZc50mwH
— Matt Phillips (@MatthewPhillips) July 8, 2015

Posted by: Ace at 12:57 PM

Comments

(Jump to bottom of comments)

1 He's an idiot.

Posted by: Y-not at July 08, 2015 12:59 PM (RWGcK)

2 That guy looks like his photo was taken on the toilet during an episode of a giant fecalith birth.

Posted by: ChristyBlinky,aging Redneck Queen supermodel, has a Hobbit foot at July 08, 2015 12:59 PM (5br9Q)

3 A financial crater that will make Meteor Crater in AZ look like a pimple.

Posted by: Anna Puma at July 08, 2015 12:59 PM (0uDnf)

4 'scuse me, just need to grab my copy of the Hitchhiker's guide to the galaxy and stare at the cover.

Posted by: tsrblke, PhD(c) rogue bioethicst at July 08, 2015 01:00 PM (s92xH)

5 Bet Friedman will find a way to reinforce his recommendation based on the NYSE going down.

It's like global warming - there's nothing that can happen that doesn't prove global warming, that can't be blamed on global warming.

Posted by: Lizzy at July 08, 2015 01:00 PM (NOIQH)

6 China's markets collapse. Government steps in to prevent selling of stocks.

NYSE suddenly stops trading.

Coincidence?

Posted by: grognard at July 08, 2015 01:01 PM (84WkV)

7 obviously the Chinese economy would be much more stable and successful if it hadn't been poisoned by capitalism.

Clearly, planning and capitalism can't work together.

Posted by: mallfly at July 08, 2015 01:01 PM (qSIlh)

8 Yo!

Posted by: Yo! at July 08, 2015 01:01 PM (q+zA9)

9 China has a really great form of government, though it lacks championship level golf courses.

Posted by: El Commandante Zero at July 08, 2015 01:01 PM (DkJ4E)

10

This has been coming.

I, at least, pre-empted the mess as best I could a month or so ago.

Greece is coming to everyone.

Posted by: artisanal 'ette at July 08, 2015 01:01 PM (qCMvj)

11 MATT DAMON!

Posted by: MATT DAMON at July 08, 2015 01:01 PM (ZKzrr)

12 Maybe his (off the record) Arab friend with the resolution to the ME strife in his desk drawer should make his totes perfect plan public now?

Posted by: Lizzy at July 08, 2015 01:01 PM (NOIQH)

13 If China is a managed economy, then the Chinese government wants stock prices to decline.

Posted by: Cassie Frankless at July 08, 2015 01:02 PM (IMtiD)

14 Eh. Fake economy is fake. Anyone surprised?

Posted by: First-Rate Political Hack at July 08, 2015 01:02 PM (cK/SS)

15 They had his idiotic mug on a Weather Channel ad yesterday. Since I had the sound off while watching the radar for the afternoon storms down here, I have no idea why they did.

He's an idiot. I've forgotten more about free-market capitalism and economics than he'll ever know.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:02 PM (eEb+d)

16 I'd rank Friedman in the top 10, maybe top 5, of punchable faces.

Obamas defiantly 1, but Friedman....

Friedman... That guy...

I'd haul off on.

Posted by: Kreplach at July 08, 2015 01:02 PM (VvoVZ)

17 Hey! I just saw a pic of a pompous goofball!

Posted by: mrp at July 08, 2015 01:03 PM (JBggj)

18 I know how we fix our economy!!! Listen to this, guys!!!!

Let's spend trillions of newly printed dollars hiring thousands of contractors to employ millions of workers to build hundreds of huge, empty cities that will never, ever be occupied!!!

Like in China!

Posted by: Tom Friedman, Fucking Imbecile at July 08, 2015 01:03 PM (72D6h)

19 YOU ALL ARE SCARED

I'M NOT SCARED

I'M NOT.

Posted by: Akin/HuckaMoo at July 08, 2015 01:03 PM (ND90G)

20 Probably has nothing to do with China's ghost cities....

Posted by: Yo! at July 08, 2015 01:03 PM (q+zA9)

21 There is a level of admiration I actually have for China because
their basic dictatorship is allowing them to actually turn their economy
around on a dime.

Posted by: Things Justin Trudeau Said at July 08, 2015 01:03 PM (BrQrN)

22 I'm sorry but who the hell is Thomas Friedman? He sounds and looks like a shitstain.

Posted by: dantesed at July 08, 2015 01:03 PM (88xKn)

23 Idiiot Tom Friedman overlooks one thing; we haven't been a capitalist system since the late 1800s. We are a mixture of socialism, fascism, and a small amount of capitolism but most of that is on the underground market.

Posted by: Vic We Have No Party at July 08, 2015 01:03 PM (GpgJl)

24 Posted by: Kracken at July 08, 2015 01:02 PM (ibvmu)

It is over, the people get what they deserve good and hard.

Posted by: just saying at July 08, 2015 01:03 PM (wkuqO)

25 Early Wednesday, the Chinese authorities rushed out another raft of
emergency measures to halt what is turning into a crisis of confidence
in leaders' ability to steer the economy.

The beatings will continue until confidence improves.

Posted by: Pappy O'Daniel at July 08, 2015 01:03 PM (oVJmc)

26 You big dumb stupid heads don't know what you're talking about.

Posted by: Oh my achin' Huck at July 08, 2015 01:03 PM (W5DcG)

27 He looks like he's thinking of fluffy clouds.

Posted by: Charles the Great at July 08, 2015 01:03 PM (j9z8O)

28 To Hellenic and back.

Posted by: Boss Moss at July 08, 2015 01:03 PM (s2Kke)

29 I won't know what to think until Former Enron Financial Adviser Paul Krugman weighs in.

Posted by: Grump928(c) at July 08, 2015 01:04 PM (rwI+c)

30

You know that feeling you get in the pit of your stomach right as you are at the very apex of a monster roller coaster right before it crests and plunges straight down past the tipping point???

Posted by: fixerupper at July 08, 2015 01:04 PM (8XRCm)

31 People delude themselves into thinking such a chaotic system as a global economy can be managed by the super smart. What usually happens is the 800lb gorilla named Reality eventually gets tired of being ignored, takes a hit of meth, and then starts ripping arms off of anyone in reach.

Posted by: Anna Puma at July 08, 2015 01:04 PM (0uDnf)

32

The currency trading must be going nuts.

If you noticed, one of the country's who's dollar is falling is Canada. (I'm not sure why, but haven't bothered to look.)

atm, US$10,000 ~ CA$12,750

Posted by: artisanal 'ette at July 08, 2015 01:04 PM (qCMvj)

33 >>Obamas defiantly 1, but Friedman....

Definitely behind Krugman, but just.

Posted by: Lizzy at July 08, 2015 01:04 PM (NOIQH)

34 Actually, a hollowed-out economy is a good thing, and here's why...

Posted by: Barack Obama at July 08, 2015 01:04 PM (9mTYi)

35
Nailed it Ace. Something I noticed when Greek vote for oxi was tallied, the comments by Krugman who deftly noted that it was a win for democracy versus the scaremongers. Quite a turnaround in his thinking based on socialist tendencies.

Posted by: booter at July 08, 2015 01:04 PM (Lg1F3)

36 More ghost cities please ... maybe we can send them all of our illegals to populate them.... its a win win

Posted by: D. Trump .. did I say that ? at July 08, 2015 01:04 PM (yq4gk)

37 Next we need the centralize and licence reproduction.

Posted by: Gender Marxist at July 08, 2015 01:04 PM (j9z8O)

38 I won't know what to think until Former Enron Financial Adviser Paul Krugman weighs in.
Posted by: Grump928(c)

Fear not, for I am here!

Posted by: mini/moo 2016 at July 08, 2015 01:04 PM (Spluw)

39 Fortunately for the world, socialist/communist societies, in their pure form, seem to only last a generation and a half or so before they collapse in upon themselves.

Unfortunately for people, a lot of people typically have to die before they fall.

Posted by: Semper In Stercus at July 08, 2015 01:04 PM (BZAd3)

40 "15
Ace, nothing about Mike Flynn? You haven't stopped talking about this
guy for a month. Then he loses in a massive landslide. No comment
from you? Come on, take a bow."

Good morning. My name is ______, and I'm going to be your Troll this morning. Have I mentioned how scenic Serbia is yet?

Posted by: Thing From Snowy Mountain at July 08, 2015 01:05 PM (sxa/c)

41 Once again we see the failure of Austerity.

Posted by: Paul Krugman at July 08, 2015 01:05 PM (2jQGY)

42 Posted by: Akin/HuckaMoo at July 08, 2015 01:03 PM (ND90G)

Everyone knows it isn't over. Quit being so silly.

Posted by: just saying at July 08, 2015 01:05 PM (wkuqO)

43 by the way, anyone besides me remember how we were told we needed a planned economy like Japan had, until the Japanese economy went into a tailspin in the mid 1990s? Clearly not enough planning. More gun control would have also helped. Our best and brightest know that more gun control can cure many problems before they think of how to cause them.

Posted by: mallfly at July 08, 2015 01:05 PM (qSIlh)

44 U r so smrt, Tom

Posted by: BacktoGA at July 08, 2015 01:05 PM (lLbuu)

45 Quick! Mint some trillion dollar coins!

Posted by: Paul Krugman - Economic Genius at July 08, 2015 01:05 PM (BrQrN)

46 37 More ghost cities please ... maybe we can send them all of our illegals to populate them.... its a win win
Posted by: D. Trump .. did I say that ? at July 08, 2015 01:04 PM (yq4gk)

Section 8 housing for our youts.

Posted by: Jay Guevara at July 08, 2015 01:05 PM (oKE6c)

47 Hey! I just saw a pic of a pompous goofball!

Doom ~~Kitteh~~ Dumbass.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:05 PM (eEb+d)

48 There is nothing more American than outsourcing American STEM jobs to tens of thousands of H1B third world leeches!

Your children study STEM classes and hope for a good job?

TOO BAD

These dot heads will live 15 to a house and work 24 hour shifts with no OT.

Illegal Immigration = Profit , baby!

Posted by: Akin/HuckaMoo at July 08, 2015 01:06 PM (ND90G)

49 43 Posted by: Akin/HuckaMoo at July 08, 2015 01:03 PM (ND90G)

Everyone knows it isn't over. Quit being so silly.
Posted by: just saying at July 08, 2015 01:05 PM (wkuqO)

LOL sorry about that I didn't read the sock part right.

Posted by: just saying at July 08, 2015 01:06 PM (wkuqO)

50 Not to worry. Everything will turn around for China in one Friedman Unit, a.k.a., six months.

Posted by: torquewrench at July 08, 2015 01:06 PM (noWW6)

51 Yeah, but, what does his taxi driver think of China?

Posted by: weft cut-loop at July 08, 2015 01:06 PM (fYgrm)

52 Tom Friedman is an idiot.

Posted by: Ronster at July 08, 2015 01:06 PM (NMV/A)

53 Krugtron - synonym for ENRON.

Posted by: Anna Puma at July 08, 2015 01:07 PM (0uDnf)

54 Clearly not enough planning. More gun control would have also helped. Our best and brightest know that more gun control can cure many problems before they think of how to cause them.

Ban flags!!!

Posted by: rickb223 at July 08, 2015 01:07 PM (UOsvH)

55 Friedman is an idiot, and unfortunately far too many idiots believe they know better than 300 million other people.

Idiot elites tend to hate free markets because a free market works best when no one is controlling it. Such nonsense, as they see it, is what's wrong with the world. It is an insult to their superior intellect. Of course that intellect is so "superior" that they can't figure out the simple truth that no man, or small group of men, can ever have enough information to respond to the needs of millions or billions.

Posted by: NotCoach at July 08, 2015 01:07 PM (rsudF)

56 I won't know what to think until Former Enron Financial Adviser Paul Krugman weighs in.
Posted by: Grump928(c)

-----

One good World War should spruce the economy right up again.

Posted by: fixerupper at July 08, 2015 01:07 PM (8XRCm)

57 40 Fortunately for the world, socialist/communist societies, in their pure form, seem to only last a generation and a half or so before they collapse in upon themselves.

Unfortunately for people, a lot of people typically have to die before they fall.
Posted by: Semper In Stercus at July 08, 2015 01:04 PM (BZAd3)

So you're telling me there's a chance!

Posted by: Zombie V I "Lloyd" Lenin at July 08, 2015 01:08 PM (cK/SS)

58 If you noticed, one of the country's who's dollar is falling is Canada. (I'm not sure why, but haven't bothered to look.)
-----------------------

That's what they get for eliminating the 1 Cent piece.

Hosers.

Posted by: Mike Hammer, etc., etc. at July 08, 2015 01:08 PM (9mTYi)

59 You know that feeling you get in the pit of your stomach right as you are at the very apex of a monster roller coaster right before it crests and plunges straight down past the tipping point???

There are the occasional online images taken of people just as that log thing starts down the water chute, where ever it is. Some of the looks of pure terror are quite hilarious. (since we all know that no one is injured on that ride.)

Posted by: Cassie Frankless at July 08, 2015 01:08 PM (IMtiD)

60 We need to take down the CBF and trash the statue of Pitchfork Ben Tillman. Then the economy which has been stuck in depression since 2009 will improve.

Posted by: Vic We Have No Party at July 08, 2015 01:08 PM (GpgJl)

61 Call for you on line 15, Ace.

*

Posted by: Pappy O'Daniel at July 08, 2015 01:09 PM (oVJmc)

62 China attacks OPM steals some of our most sensitive information.

China stock market, oddly, loses about 1/3 of their market value since then (a little over half a trillion)

NYSE trading halts due to gateway issues. Off exchange is still trading though. But they need the NYSE for close.

UA flight system goes down. Grounds fleet.

Yeah, this is getting interesting.

Posted by: Marcus T at July 08, 2015 01:09 PM (GGCsk)

63 Ah, but see? China's problem is too much capitalism! They need to go back to the glory days of the cultural revolution!

Posted by: Titus Quinctius Cincinnatus at July 08, 2015 01:09 PM (YYJjz)

64 The stocks declined over 8% before China came in to shut down the markets --and to make it illegal for many people to sell their stocks.

That doesn't stop the stock values from dropping. Which means it doesn't stop the margin calls on that 5% of a bullshit company you own. Which means you have to come up with the cash by selling something completely unrelated, for example any US holdings you have.

Posted by: Methos at July 08, 2015 01:09 PM (ZbV+0)

65 BLOOD FOR THE BLOOD GOD! SKULLS FOR THE SKULL THRONE! LET THE GALAXY BURN!

Posted by: Aziriah Kryas at July 08, 2015 01:09 PM (9TK8E)

66 I like the idea of the NYT throwing all of their pension funds into the Chinese market to instantly stanch the panic by demonstrating that The Big NYT Guns of Economics have faith in managed economies over the stumblebum random-walks of capitalist ones.

Posted by: Ray Van Dune at July 08, 2015 01:09 PM (sG76x)

67 These dot heads will live 15 to a house and work 24 hour shifts with no OT.

Luxury! In my day we lived 24 in a shoebox and *paid* to work 25 hours a day.

And.we.were.grateful.

Posted by: Grump928(C) at July 08, 2015 01:09 PM (rwI+c)

68 "If you noticed, one of the country's who's dollar is falling is Canada. (I'm not sure why, but haven't bothered to look.)"

Major commodities exporter.

The commodities markets are doing a massive face plant.

Looking like we are going to have a global recession.

And, thanks to Barkynomics failing to get the U.S. economy moving again under its own steam, the Fed hasn't been able to raise interest rates off the floor in the last seven years, and hence has *no* maneuvering room to cut rates as a stimulant.

Posted by: torquewrench at July 08, 2015 01:10 PM (noWW6)

69 People delude themselves into thinking such a chaotic system as a global economy can be managed by the super smart. What usually happens is the 800lb gorilla named Reality eventually gets tired of being ignored, takes a hit of meth, and then starts ripping arms off of anyone in reach.

That should be tattooed backwards on the forehead of each and every NWO'er so they can read it every morning. Especially the anti-Christ George Soros.

And speaking of His Barbed Cockiness, I get the sneaking suspicion that he's got a lot to do with this economic turmoil. After all, he's known as the Man Who Broke the Bank of England, plunging many innocent people into financial poverty overnight for no reason.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:10 PM (eEb+d)

70
The NYSE Going Tits Up On Wednesday Is Good For The Economy And Here's Why...

Posted by: Soothsayer at July 08, 2015 01:10 PM (WOzHv)

71 re 55:
new rules:
ban the Confederate flag
burn the American flag
wear a Che T Shirt

Posted by: mallfly at July 08, 2015 01:11 PM (qSIlh)

72

While there aren't many Americans directly invested in China's markets

directly, indirectly...

Major investment firms have China all over their funds -- funds for American's IRA's and 401K's.

Retirement funds.

I bet there is a lot more than at first thought.

Posted by: artisanal 'ette at July 08, 2015 01:11 PM (qCMvj)

73
Betting pool: Guess the opening price in drachmas for a barrel of Brent Crude Oil

Posted by: mrp at July 08, 2015 01:11 PM (JBggj)

74 Friedman is a JINO who sold out Israel.

I want you to take care of that sonofabitch right away. Friedman sold out Israel , that stronz. I don't want to see him again. Make that first thing on your list, understand?

Posted by: Nevergiveup at July 08, 2015 01:11 PM (wq4B0)

75 We need to take down the CBF and trash the statue of Pitchfork Ben Tillman. Then the economy which has been stuck in depression since 2009 will improve.
Posted by: Vic
--------------------

And cancel Kimono Wednesdays. That'll solve the problem.

Posted by: Mike Hammer, etc., etc. at July 08, 2015 01:11 PM (9mTYi)

76 The Left reminds me of Colossus, more every day: We can coexist, but only on my terms. You will say you lose your freedom, freedom is an illusion. All you lose is the emotion of pride. To be dominated by me is not as bad for human pride as to be dominated by others of your species. http://tinyurl.com/nko9d62

Posted by: goon at July 08, 2015 01:12 PM (gy5kE)

77 Commodities too, eh? Going Global you say.

'scuze me, I gotta get to walmart before the shelves are empty or the banking system collapses.

Posted by: Cassie Frankless at July 08, 2015 01:12 PM (IMtiD)

78
So what was the final outcome for yesterdays election??

%-wise, I mean.

Posted by: Soothsayer at July 08, 2015 01:12 PM (WOzHv)

79 The Chinese have buying lots of real estate in the US. Maybe they will have sell at fire sale prices...

Posted by: CharlieBrown'sDildo at July 08, 2015 01:12 PM (ZXIqv)

80 How much money do think the Chinese pay Friedman? He lost a mint some years ago and I can see him welcoming being paid off.

Posted by: Bruce With a Wang! at July 08, 2015 01:12 PM (iQIUe)

81 The Dow is still well above yesterday's low so I am sanguine. Pierce that strongly and I will be concerned.

Posted by: Grump928(C) at July 08, 2015 01:13 PM (rwI+c)

82 And, thanks to Barkynomics failing to get the U.S. economy moving again under its own steam, the Fed hasn't been able to raise interest rates off the floor in the last seven years, and hence has *no* maneuvering room to cut rates as a stimulant.

Posted by: torquewrench at July 08, 2015 01:10 PM (noWW6)

----

Think maybe he'll try to cut taxes instead???

"The best way to stimulate the economy for the largest percentage of people is for the government to take fewer dollars out of it in the first place"

Posted by: fixerupper at July 08, 2015 01:13 PM (8XRCm)

83 Let's see... we can have an economy where market actors make decisions based on market conditions, or we can have an economy where politicians make decisions based on... politics.

Quite the head-scratcher, that one.

Posted by: Farmer Joe at July 08, 2015 01:13 PM (Q2akM)

84 My idiot nephew. We should never have let him out of the basement.

Posted by: Milton Friedman at July 08, 2015 01:13 PM (xkSSa)

85 80 The Chinese have buying lots of real estate in the US. Maybe they will have sell at fire sale prices...
Posted by: CharlieBrown'sDildo at July 08, 2015 01:12 PM (ZXIqv)

I hope not, they have bought up a lot around here.

Posted by: just saying at July 08, 2015 01:13 PM (wkuqO)

86 At this point, is it possible to use here's why non-ironically?

Posted by: Chupacabras at July 08, 2015 01:13 PM (F26eZ)

87 Luxury! In my day we lived 24 in a shoebox and *paid* to work 25 hours a day.

And.we.were.grateful.

oooh we used to DREAM of a shoebox! Cuddled in our soupcans watching the shoebox dwellers parade about like French Parliament...but we were happy!

Posted by: some random meathead - if you're not drinking, you're not paying attention at July 08, 2015 01:14 PM (ND90G)

88 Boy, you would have thought that Mooch's food bill alone while she was in China would have set them up for at least a couple of decades.

Posted by: The Great White Snark at July 08, 2015 01:14 PM (XUKZU)

89 You know why I'm brilliant?

Because my wife's family is richer than friggin' Midas, that's why.

Seriously, the White House would make a nice garden shed for our compound. From which I write about the need for you people to lower your carbon footprint!

Ah, New York 'intellectuals'. We owe them all so much.

And maybe, someday, we'll get to pay it back.

Posted by: Tom Friedman at July 08, 2015 01:14 PM (DLu2s)

90 Looking like we are going to have a global recession.

Sooo, how's that whole "global economy" thingy working out?

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:14 PM (eEb+d)

91 Looks like I can repost this from the earlier thread:

ALL'S WELL!! ALL'S WELL!!

Posted by: Tom Friedman in Army ROTC uniform at July 08, 2015 01:14 PM (xSCb6)

92 My plan for China is to put a white rope line around their economy.

Posted by: Hillary Clinton at July 08, 2015 01:14 PM (NjiZL)

93 Everything is going to the dogs. NYSE is having gateway issues. They don't know if they'll be ready for close at 4. That's bad. They set final prices.

Posted by: Marcus T at July 08, 2015 01:14 PM (GGCsk)

94 67 I like the idea of the NYT throwing all of their pension funds into the Chinese market to instantly stanch the panic by demonstrating that The Big NYT Guns of Economics have faith in managed economies over the stumblebum random-walks of capitalist ones.
Posted by: Ray Van Dune at July 08, 2015 01:09 PM (sG76x)

That would be wonderful. Put their money where their money is. Include their operating capital for the win.

Posted by: Jay Guevara at July 08, 2015 01:15 PM (oKE6c)

95 If the world economy was healthy, that little thing in Greece would be a little thing.

Posted by: just saying at July 08, 2015 01:15 PM (wkuqO)

96 supposed real-time attacks shown on website in my nik

Posted by: Baldy at July 08, 2015 01:15 PM (sEXjW)

97 Boy, you would have thought that Mooch's food bill alone while she was in China would have set them up for at least a couple of decades.
Posted by: The Great White Snark at July 08, 2015 01:14 PM (XUKZU)

Yeah but the repairs to all the toilets kinda balanced that out

Posted by: Nevergiveup at July 08, 2015 01:15 PM (wq4B0)

98 Sooo, how's that whole "global economy" thingy working out?

Just in time!

Posted by: rickb223 at July 08, 2015 01:15 PM (UOsvH)

99 >>>So what was the final outcome for yesterdays election??

like 28% to 69%

Posted by: ace at July 08, 2015 01:15 PM (bhepQ)

100 trying to decide if i should calm down or amp up......

Posted by: phoenixgirl, i was born a rebel at July 08, 2015 01:16 PM (0O7c5)

101 Is our market crashing offer China's cultural appropriation?

Posted by: The Great White Snark at July 08, 2015 01:16 PM (XUKZU)

102 Odd Japan also went on a US property buying spree until things went south... and then had to unload that property at a loss.

And people scoff at Toynbee.

Posted by: Anna Puma at July 08, 2015 01:16 PM (0uDnf)

103 like 28% to 69%
Posted by: ace at July 08, 2015 01:15 PM (bhepQ)

So he got the conservative vote.

Posted by: just saying at July 08, 2015 01:16 PM (wkuqO)

104 The numbers I've seen say Chinese equities have lost about three trillion dollars in value since June, i.e. this last June, the one we were still having a couple weeks ago.

Fortunately, all they have to do is print three trillion more dollars in currency and hand it out to the companies that lost value. That should work awesome.

Posted by: OCBill at July 08, 2015 01:16 PM (F7PsT)

105 Why do we give oxygen to dumbasses like this.

Sultan Knish has a good post about fighting the left nowadays:

http://tinyurl.com/qxzd3od

Posted by: Feh at July 08, 2015 01:16 PM (pMQt9)

106 67 - I like the idea of the NYT throwing all of their pension funds into the
Chinese market to instantly stanch the panic by demonstrating that The
Big NYT Guns of Economics have faith in managed economies over the
stumblebum random-walks of capitalist ones.

Loving this!

Posted by: VA MK Z at July 08, 2015 01:17 PM (Ii2lB)

107 Hard to believe commodities are collapsing with all the confetti money.

Posted by: Boss Moss at July 08, 2015 01:17 PM (s2Kke)

108 Fortunately, all they have to do is print three trillion more dollars in
currency and hand it out to the companies that lost value. That should
work awesome.

Huzzah!

Posted by: Paul Krugman - Economic Genius at July 08, 2015 01:17 PM (BrQrN)

109 re 83: I have been wondering: the Dems keep telling us that cutting taxes won't make the economy improve. So why is Dem dominated NYS running all those ads on Fox about how NY is cutting taxes on business?

Posted by: mallfly at July 08, 2015 01:17 PM (qSIlh)

110 Does anyone know any Economics?
Yes, please...

Sron OF BLITCH, SHIET

Posted by: Ramus, teachin us Egrish and Shie at July 08, 2015 01:17 PM (LYMjR)

111 Fortunately, all they have to do is print three
trillion more dollars in currency and hand it out to the companies that
lost value. That should work awesome.

Posted by: OCBill at July 08, 2015 01:16 PM

Works for me.

Posted by: Janet Yellen at July 08, 2015 01:18 PM (bynk/)

112 So United Airlines had a 'Router" problem? I guess COMP USA should never have closed?

Posted by: Nevergiveup at July 08, 2015 01:18 PM (wq4B0)

113 NYT

Another excellent idea. Letter to the editor!

Posted by: Feh at July 08, 2015 01:18 PM (pMQt9)

114 IDK. NYSE down, WSJ, down, UA, down and ZH website was down/attacked.

I just called the family and told them to start loading mags.

Posted by: Marcus T at July 08, 2015 01:18 PM (GGCsk)

115 This really isn't a problem, we'll just do what Tom Clancy did in the book. Restore from yesterday's back up tape, and reset everything to yesterday, like today never happened.

Posted by: Cassie Frankless at July 08, 2015 01:18 PM (IMtiD)

116 "Miracle Cure"

Hardy, har, har. Comedy Gold.

Posted by: nip at July 08, 2015 01:18 PM (a6Odp)

117 Friedman is a dick.

Somehow this is the story of Barack Obama

Posted by: The Jackhole somewhere on Ventura Highway at July 08, 2015 01:18 PM (dULJN)

118 Much of the housing bubble in the San Francisco area is being driven by Chinese investors coming in literally with suitcases full of cash and buying fixer-uppers on the spot, often over asking price.

House prices here asa result are insane.

If the Chinese disappear, the bottom could fall out.

Lots and lots of SF techie hipsters underwater on their mortgages. Awwww.

Posted by: zombie at July 08, 2015 01:19 PM (jBuUi)

119 And look how amazingly quickly the government is stepping in to fix the problem. That could never happen in (spits) Amerika.

Posted by: Tom F. at July 08, 2015 01:19 PM (/eTPT)

120 Greece is offering us a bailout.

Posted by: Pappy O'Daniel at July 08, 2015 01:19 PM (oVJmc)

121 he won his home county, and was close (six points) in the second biggest county, McLean, which is bloomington, where he invested lots of time and had lots of support... but he could not duplicate that in other places.

You just really do need money. I don't know how Brat did it without money.

Though Mike Flynn got the same help from the Tea Party Patriots that Brat did, which is to say, none.

Posted by: ace at July 08, 2015 01:19 PM (bhepQ)

122 Retirement funds.

I bet there is a lot more than at first thought.
Posted by: artisanal 'ette at July 08, 2015 01:11 PM (qCMvj)

We're all screwed. Horray?

Posted by: Lea at July 08, 2015 01:19 PM (lIU4e)

123 Oh: While there aren't many Americans directly invested in China's markets (except, I hope, Tom Friedman)

Oh please oh please oh please oh please.

Posted by: alexthechick - Oh please intervene SMOD at July 08, 2015 01:19 PM (mf5HN)

124 >112
So United Airlines had a 'Router" problem? I guess COMP USA should never have closed?<

Somebody is attacking the weakness in connection points. It was a single router that brought down the entire UA system. It is a gateway issue at the NYSE.

Posted by: Marcus T at July 08, 2015 01:20 PM (GGCsk)

125 Switch? We've had a managed economy for almost 15 years now. I hope you're enjoying it.

Posted by: schizoid at July 08, 2015 01:20 PM (OS9x2)

126 Restore from yesterday's back up tape, and reset everything to yesterday, like today never happened.

Um, we taped over yesterday's backup tape.
-IRS Help Desk

Posted by: rickb223 at July 08, 2015 01:20 PM (UOsvH)

127 Just a reminder here. We're only a few days away from the point where Barack Obama has eighteen months left before becoming a private citizen.

This is normally when second-term Presidents become lame ducks. As the rest of the D.C. apparatchiks start to think of their own futures under a new administration.

It's not a great time to be simultaneously having a global economic crisis and an international military crisis.

That said, things may be different this time.

For one, Obama shows no signs of flagging from his old rule of "never letting a crisis go to waste".

And for another, there has never been this level of supine cooperation afforded to a lame duck White House by a Congress controlled by the opposition.

Compare the behavior of Pelosi/Reid vs. Bush, '06-'08, to Boehner/McConnell vs. Obama '14-'15. No comparison at all.

So if things get really bad, we may see Obama use it even despite being a lame duck to enact sweeping new measures (401(k)s come to mind), and one should not expect the Beltway GOP to do much if anything other than bow and applaud.

Posted by: torquewrench at July 08, 2015 01:20 PM (noWW6)

128 Get ready to say it:

"All Hail, Jack Ma!"

"Ali Baba! Ali Baba!"

"All Hail, Jack Ma!"

Posted by: Adirondack Patriot at July 08, 2015 01:20 PM (NjiZL)

129 The thing about those ghost cities that nobody lives in, is that they're priced so high nobody can afford to buy.

Imagine in they could force people to buy? Which, I guess they could.

Posted by: Chupacabras at July 08, 2015 01:20 PM (V40IZ)

130 zombie, who's paying off the assessors?

Posted by: Feh at July 08, 2015 01:20 PM (pMQt9)

131

WSJ is back up, btw.

Posted by: artisanal 'ette at July 08, 2015 01:20 PM (qCMvj)

132

WSJ is back up, btw.

Posted by: artisanal 'ette at July 08, 2015 01:20 PM (qCMvj)

133 I'm almost interested in watching tonight's Charlie Rose show. Probably a re-run, but maybe he'll interview a pompous goofball or two who will explain to the handful of Charlie's loyal cornflakes what it all means.

Posted by: mrp at July 08, 2015 01:20 PM (JBggj)

134 Will this affect our supply of cheap plastic crap?

Posted by: eleven at July 08, 2015 01:20 PM (IPzoI)

135 Most statist idiot move ever by a government: China printing up new Yuan by the billion to offer investors so they won't sell off in a panic. Investors reject it and try selling anyway, knowing a crash when they see it. China locks down stock exchange to prevent sales.

Posted by: Christopher Taylor at July 08, 2015 01:20 PM (39g3+)

136 Hang on, i need to take a taxi ride so i can receive some wisdom from the driver for my next article explaining why this is good for China.

Posted by: Tom F. at July 08, 2015 01:20 PM (/eTPT)

137 yeah the article linked is a wsj article.

Posted by: ace at July 08, 2015 01:20 PM (bhepQ)

138 >>supposed real-time attacks shown on website in my nik

Looks like the Chinese are targeting something in St. Louis. Military records?

Posted by: JackStraw at July 08, 2015 01:21 PM (g1DWB)

139 Somebody is attacking the weakness in connection points. It was a single router that brought down the entire UA system. It is a gateway issue at the NYSE.

Single routers are a gateway drug?

Posted by: rickb223 at July 08, 2015 01:21 PM (UOsvH)

140 Cheap Plastic Crap Futures.

Posted by: Boss Moss at July 08, 2015 01:21 PM (s2Kke)

141

it's almost like they're lying to us

Malfunctioning Router Caused Grounding of United Flights

Why the Outage May Not Matter to Investors

NYSE Trading Halted Due to Glitch

wsj

Posted by: artisanal 'ette at July 08, 2015 01:22 PM (qCMvj)

142

it's almost like they're lying to us

Malfunctioning Router Caused Grounding of United Flights

Why the Outage May Not Matter to Investors

NYSE Trading Halted Due to Glitch

wsj

Posted by: artisanal 'ette at July 08, 2015 01:22 PM (qCMvj)

143 112 So United Airlines had a 'Router" problem? I guess COMP USA should never have closed?
Posted by: Nevergiveup at July 08, 2015 01:18 PM (wq4B0)

Did they try turning it off and then back on again?

Posted by: Jay Guevara at July 08, 2015 01:22 PM (oKE6c)

144 Looks like the Chinese are targeting something in St. Louis. Military records?
Posted by: JackStraw at July 08, 2015 01:21 PM (g1DWB)

The MLB Scouting records the the ST Louis Cardinals stole from that other team maybe?

Posted by: Nevergiveup at July 08, 2015 01:22 PM (wq4B0)

145 Not a lot of Chinese really in the markets, most keep the money under the mattress, I expect that's where the smart Greeks keep most of the money also, taxes not paid on that money.

Posted by: Colin at July 08, 2015 01:22 PM (WQLtV)

146 Ace knocks it out of the park again. But I'm quite sure that Friedman and his ilk will find that the problem was that China had allowed way too much freestyle capitalism.

Posted by: PaleRider at July 08, 2015 01:22 PM (iA/+T)

147 WSJ was back up pretty quick. NYSE, a little more important, not so much.

I just got off a call and they are trying to resolve it. Trying.

Posted by: Marcus T at July 08, 2015 01:22 PM (GGCsk)

148 Betting pool: Guess the opening price in drachmas for a barrel of Brent Crude Oil
---
sideways 8 ?

Posted by: buzzsaw90 at July 08, 2015 01:22 PM (/eTPT)

149 Though Mike Flynn got the same help from the Tea Party Patriots that Brat did, which is to say, none.

Posted by: ace at July 08, 2015 01:19 PM (bhepQ)

There is no Tea Party, just a bunch of cats with three pointed hats milling around.

Posted by: just saying at July 08, 2015 01:22 PM (wkuqO)

150 Chinese lives matter!

Posted by: Tilikum Killer Assault Whale at July 08, 2015 01:22 PM (LWWrf)

151 On the day that that President Lightworker meets with the head of the Vietnamese Communist Party, the stock exchange shuts down.

There is no such thing as a political coincidence.

Posted by: Adirondack Patriot at July 08, 2015 01:23 PM (NjiZL)

152 >>So if things get really bad, we may see Obama use it even despite being a lame duck to enact sweeping new measures (401(k)s come to mind), and one should not expect the Beltway GOP to do much if anything other than bow and applaud.

Thought Obama made it quite clear that "lame duck" = nothing left to lose, so just implement every dang thing he wants via pen, phone, stomping all over Congress and daring them to stop him.

Posted by: Lizzy at July 08, 2015 01:23 PM (NOIQH)

153 Actually, China's economy can't crash, and here's why!

Posted by: Vox at July 08, 2015 01:23 PM (VAsIq)

154 zombie, who's paying off the assessors?
Posted by: Feh at July 08, 2015 01:20 PM (pMQt9)

----

No need to if theyre paying cash.

Cash sale doesnt event even need an assessment.

Posted by: fixerupper at July 08, 2015 01:23 PM (8XRCm)

155 Don't fuck with us.

Posted by: Hacking Team at July 08, 2015 01:23 PM (OS9x2)

156 I get the sneaking suspicion that he's got a lot to do with this economic turmoil. After all, he's known as the Man Who Broke the Bank of England, plunging many innocent people into financial poverty overnight for no reason.

No, that's not what happened. The UK was trying to manipulate their currency. Soros bet that reality would win. Reality won and Soros made billions.

Posted by: bonhomme at July 08, 2015 01:23 PM (jhqr1)

157 I expect that's where the smart Greeks keep most of the money also, taxes not paid on that money.

Like all the Greeks asking for their paychecks to be delayed, fearing the government raiding their bank accounts? I'd just ask to be paid in Euros.

Posted by: Christopher Taylor at July 08, 2015 01:23 PM (39g3+)

158 "I'm quite sure that Friedman and his ilk will find that the problem was that China had allowed way too much freestyle capitalism."

Right, that was the "lesson" of 2008. It's not working in the Greek narrative, though.

Posted by: Feh at July 08, 2015 01:23 PM (pMQt9)

159 So if things get really bad, we may see Obama use it even despite being a
lame duck to enact sweeping new measures (401(k)s come to mind),

I'm thinking that's where things get hot. And there will be a lot more people in favor of it if they see their savings disappear.

Probably the one thing that will wake up LiVs.

Posted by: Pappy O'Daniel at July 08, 2015 01:23 PM (oVJmc)

160 Though Mike Flynn got the same help from the Tea Party Patriots that Brat did, which is to say, none. Posted by: ace at July 08, 2015 01:19 PM (bhepQ)

After 2012 and assaults by the Stupid party, how much is actually left of the tea parties?

Posted by: Blue Hen at July 08, 2015 01:24 PM (Spluw)

161 boy it is a good thing the US Army is going to be the same size as when Peal Harbor was attacked

Posted by: Yo! at July 08, 2015 01:24 PM (q+zA9)

162 120 Greece is offering us a bailout.
Posted by: Pappy O'Daniel at July 08, 2015 01:19 PM (oVJmc)

But only if we adopt more prudent fiscal policies.

Posted by: Jay Guevara at July 08, 2015 01:24 PM (oKE6c)

163 The attacks on the NYSE/UNITED/WSJ are coming from .. inside the White House...

Posted by: Donald Trump Seems Reasonable To Me Guy at July 08, 2015 01:24 PM (7u7u7)

164 At this point, is it possible to use here's why non-ironically?
---
sure you can, and here's why...

Posted by: buzzsaw90 at July 08, 2015 01:25 PM (/eTPT)

165 Ah, thanks fixerupper. I've never done that.

Posted by: Feh, Indentured Bank Servant at July 08, 2015 01:25 PM (pMQt9)

166 Posted by: zombie at July 08, 2015 01:19 PM (jBuUi)

Hipsters underwater on their mortgages?

You just made my day!

Posted by: CharlieBrown'sDildo at July 08, 2015 01:25 PM (ZXIqv)

167 In other news, in the latest in their making-shit-up series of holdings, a federal judge cancels the Redskins' trademark.

Posted by: The Great White Snark at July 08, 2015 01:25 PM (XUKZU)

168 like 28% to 69%

Posted by: ace at July 08, 2015 01:15 PM (bhepQ)

That says about everything that needs to be said about the character of the electorate.

Posted by: Methos at July 08, 2015 01:25 PM (ZbV+0)

169 What would be funny if, after all the smoke clears from the markets, that we could return to making our own products again.

We have the world's second-largest economy (down from the largest, thanks a lot, Barky) and we could raise ourselves out of the folly of a global economy.

We could, with the right leadership that actually gave a shit about Americans, lead ourselves and eventually the rest of the world out of this mess. We could create long-term prosperity and stability with a return to some economic sanity, away from the ridiculousness of Keynesianism (just shuffling money around) back to the concept of creating value and growth.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:25 PM (eEb+d)

170 Friedman prolly doesn't realize that Marx said the same thing.

Posted by: Caliban at July 08, 2015 01:25 PM (DrC22)

171 sideways 8 ?
========

Or beyond!

Posted by: mrp at July 08, 2015 01:25 PM (JBggj)

172 No, that's not what happened. The UK was trying to manipulate their currency. Soros bet that reality would win. Reality won and Soros made billions.

The English tell that story a bit differently and think he's despicable. That's not the first nation he's done it with either.

Posted by: Christopher Taylor at July 08, 2015 01:25 PM (39g3+)

173 Have you seen our new 'Buy American' ad campaign?

We totes mean it! Totally!

Now we just have to figure out how our new money transfer service just sent a $5 trillion dollar money order to somebody in Beijing named 'Puh Mei Wang'. BRB.

Posted by: Wal*Mart at July 08, 2015 01:25 PM (DLu2s)

174 Looking like we are going to have a global recession.
---
oh good, i was getting worried there

Posted by: Mars at July 08, 2015 01:25 PM (/eTPT)

175 My plan for China is to put a white rope line around their economy.
Posted by: Hillary Clinton at July 08, 2015 01:14 PM (NjiZL)

and Happy Fun Kamp, don't forget that one. Red Cabin vs Blue Cabin. Fun stuff

Posted by: ghost of hallelujah at July 08, 2015 01:26 PM (7RXcs)

176

Priorities...

Most popular stories in order at WSJ right now:

1 - The Story Behind Janis Joplin's 'Mercedes Benz'

2 - Actor Jeff Bridges Lists Montecito Estate for $29.5 Million

3 - Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors' Demand

4 - China Rout Spills Into Debt, Currency Markets

5 - Andy Murray Is a Tennis Nerd

Posted by: artisanal 'ette at July 08, 2015 01:26 PM (qCMvj)

177
Somebody is attacking the weakness in connection points.

The Secret Service is protecting our weakest point.

Posted by: Jay Guevara at July 08, 2015 01:26 PM (oKE6c)

178

Turkeys economy is heavily dependent on Chinese investment. So. There is that

Posted by: ThunderB at July 08, 2015 01:26 PM (zOTsN)

179 For the record, when 401(k) and other retirement fund confiscation occurs, I'm going to be super pissed that Zerohedge was right.

Posted by: alexthechick - Oh please intervene SMOD at July 08, 2015 01:26 PM (mf5HN)

180 ***"We've had a managed economy for almost 15 years now. I hope you're enjoying it."***

And sadly, enough of the public has been conditioned to believe that "Capitalism" is to blame for what is quite obviously Interventionist meddling.

Posted by: Tom Friedman in Army ROTC uniform at July 08, 2015 01:26 PM (xSCb6)

181 China's economy is turtles all the way down.

If you're a party favorite General, you get that huge loan for your business from the bank. Paperwork? That's for peons.

Banks don't have accurate pictures of their assets or liabilities because of practices like that.

Don't get me started on the fact that the upper middle class (their version) can't invest in anything other than their huge make-work projects. That's why they're building replicas of entire cities over there, to have something to invest in. Then only a few thousand people are allowed to live in those places. What's the value of an investment like that?

Posted by: bonhomme at July 08, 2015 01:27 PM (jhqr1)

182 Friedman's talent is the Big Extrapolation thing. It works like this:

1. Drink gallons of that nasty Starbuck's coffee.

2. Watch TED Talks for 8 hours.

3. Connect at least three, and preferably four, of the concepts presented at TED Talks together and write a book about it.

4. Profit.

Posted by: joncelli at July 08, 2015 01:27 PM (ENczY)

183 Instapundit warns of critical Adobe Flash update required with link @ site

Posted by: MAx at July 08, 2015 01:27 PM (YJeFl)

184 Not one of those outcomes affects me as an individual person in my own life. In fact, I suspect my tourist dollar will stretch farther now in the places along the CA coast I like to go now that I dont have to compete so strongly with a growing class of westernized-looking, often grossly obnoxious pushy ChiCom party functionaries with bulging wallets.

Remember we are talking about a tyrannical, genocidal expansionist Communist dictatorship here, not Norway or Costa Rica. Apportion your sympathies accordingly.

Posted by: MikeD at July 08, 2015 01:27 PM (uKJIC)

185 I still don't unnerstand what a Sock Market is.

Posted by: Jay Vee Obama at July 08, 2015 01:27 PM (7u7u7)

186 Friedman prolly doesn't realize that Marx said the same thing.

No, I'm pretty sure he knows it quite well. Despite his idiocy at the NYT he's a good economist. His column is pablum for the leftist twits in Manhattan so he can get his 6 figure income, but he knows better.

Posted by: Christopher Taylor at July 08, 2015 01:27 PM (39g3+)

187 IDK. NYSE down, WSJ, down, UA, down and ZH website was down/attacked.

I just called the family and told them to start loading mags.

Posted by: Marcus T at July 08, 2015 01:18 PM (GGCsk)

If this were an interior issue, ace, drudge and foxnews would all be down.

Posted by: Methos at July 08, 2015 01:28 PM (ZbV+0)

188 Hipsters underwater on their mortgages?

You just made my day!

Posted by: CharlieBrown'sDildo at July 08, 2015 01:25 PM (ZXIqv)
A lib (complete with peace symbol on his car) bought a house two doors down from us right at the height of the CA housing bubble. I think he's still a couple hundred grand underwater. /smiles

Posted by: Jay Guevara at July 08, 2015 01:28 PM (oKE6c)

189 179 For the record, when 401(k) and other retirement fund confiscation occurs, I'm going to be super pissed that Zerohedge was right.

We will live to see Americans yawn at it, sadly.

Posted by: Bevel Lemelisk at July 08, 2015 01:28 PM (o0Akw)

190 Looks like the Chinese are targeting something in St. Louis. Military records?
Posted by: JackStraw at July 08, 2015 01:21 PM (g1DWB)
*****
The Caridnals

Posted by: Truck Monkey is a Mime..... Serious at July 08, 2015 01:28 PM (fLKzW)

191 ***"After 2012 and assaults by the Stupid party, how much is actually left of the tea parties?"***

Let's not forget the assault from the DoJ, FBI, and IRS.

And yet we still get assholes here who make nonsensical claims that the Tea Party is just for SoCons.

Honestly, with the crap that the Tea Party has gotten from all sides, are they even in a position to help anyone?

Posted by: Tom Friedman in Army ROTC uniform at July 08, 2015 01:28 PM (xSCb6)

192 Actually living a primitive, desperate, pre-industrial revolution existence is good for you (but not us) and here's why:

Posted by: VOX at July 08, 2015 01:28 PM (1BQGO)

193
Major investment firms have China all over their funds -- funds for American's IRA's and 401K's.

Retirement funds.

I bet there is a lot more than at first thought.

Posted by: artisanal 'ette

Eh, not as much as you might think.

US direct investment was roughly $61.5 billion in 2013.

US total domestic market is over $18.5 *trillion*

Further, Chinese companies listed under ADR's have been under a lot of scrutiny for years. The bulk can't pass standard accounting practices review.

Linked is the 5yr chart of the S and P500 over the Shanghai Index. The Chinese markets have been up and down since 2009, while the US markets have been mostly up ... even though that's mostly the result of Federal carnival games.

That's not to say that the Chinese debacle won't have ramification in the US; it's just that the direct investment in China is very low.

Posted by: weft cut-loop at July 08, 2015 01:29 PM (fYgrm)

194 Will this affect our supply of cheap plastic crap?

-
I don't know but we have a full stock of cheap plastic ideas.

Posted by: The Great White Snark at July 08, 2015 01:29 PM (XUKZU)

195 Banks don't have accurate pictures of their assets or liabilities because of practices like that.

Oh yeah its totally corrupt and completely without any structure or basis whatsoever. It could only last so long, with the worst of the billionaires trying to squeeze that last dollar out before the collapse. They knew, they all knew.

Posted by: Christopher Taylor at July 08, 2015 01:29 PM (39g3+)

196 In defense of Tom Friedman's morality, Gruberites have to Gruber. How else will we be able to know who are betters are?

Posted by: Super Creepy Eric Hoteham at July 08, 2015 01:29 PM (oDCMR)

197 Cheap Plastic Crap Futures.
---
Mr Robinson was right all along

Posted by: buzzsaw90 at July 08, 2015 01:29 PM (/eTPT)

198 There is that big ass brewery in St. Louis.

Posted by: Boss Moss at July 08, 2015 01:29 PM (s2Kke)

199 No such real thing as a "managed economy." It's an illusion. The bureaucrats of any nation, no matter how big, can only manipulate things within that nation. But in the modern world, all economies are interconnected globally. And what happens in one country's "managed" economy is often deeply affected by events outside the bureaucrats' reach. So they can "manage" all they want, and things will still collapse if they need to collapse.

The only way to avoid this is to have a single global bureaucracy managing everything -- the Soviet dream for the entire Cold War. yah, that will work out jusssssst fine.

Posted by: zombie at July 08, 2015 01:29 PM (jBuUi)

200 >>Friedman's talent is the Big Extrapolation thing. It works like this:

My favorite was his whole The World Is Getting Flat hypothesis. The left was jerking themselves off over that for a long time.

So you're telling me that the world is getting more interconnected and the barriers to competition are crumbling, Tom? Whoa. Deep.

Posted by: JackStraw at July 08, 2015 01:29 PM (g1DWB)

201 How did China go into debt? It doesn't have a consumer-based economy.

Posted by: Mike at July 08, 2015 01:29 PM (ISxUB)

202 "often grossly obnoxious pushy ChiCom party functionaries with bulging wallets"

sheep for the slaughter?

Posted by: Feh at July 08, 2015 01:30 PM (pMQt9)

203 Don't forget in China, all the banks are owned by the government.

Posted by: Colin at July 08, 2015 01:30 PM (WQLtV)

204
Looks like the Chinese are targeting something in St. Louis. Military records?

DISA has a major site there.

Posted by: wrg500 at July 08, 2015 01:30 PM (sgrzZ)

205 150 MALE Chinese lives matter!
----
FIFY

Posted by: buzzsaw90 at July 08, 2015 01:30 PM (/eTPT)

206 179 For the record, when 401(k) and other retirement fund confiscation occurs, I'm going to be super pissed that Zerohedge was right.
Posted by: alexthechick - Oh please intervene SMOD at July 08, 2015 01:26 PM (mf5HN)

For the record, I ditched my 401k 6 years ago.

Posted by: First-Rate Political Hack at July 08, 2015 01:30 PM (cK/SS)

207

Mark Levin's going to be all over this, lol.

He's been warning us of the 401 takeover for a long time, because people in DC keep trying to get stuff passed along these lines, but it keeps getting blocked.

There's ebil in dem thare hillz.

Posted by: artisanal 'ette at July 08, 2015 01:30 PM (qCMvj)

208 I have just been toled that I been informed of the situasion. Yawn. More cookies and then nap time.

Posted by: Jay Vee Obama at July 08, 2015 01:30 PM (7u7u7)

209 154 zombie, who's paying off the assessors?
Posted by: Feh at July 08, 2015 01:20 PM (pMQt9)

----

No need to if theyre paying cash.

Cash sale doesnt event even need an assessment.
Posted by: fixerupper

Actually, the SF Housing Commission (or whatever it's called) is legendarily corrupt. Bribes going every which way.

Posted by: zombie at July 08, 2015 01:31 PM (jBuUi)

210 Looks like the Chinese are targeting something in St. Louis. Military records?

Posted by: JackStraw at July 08, 2015 01:21 PM (g1DWB)

*****

The Caridnals

Posted by: Truck Monkey is a Mime..... Serious at July 08, 2015 01:28 PM (fLKzW)

YESSSSS!

My plan is working, to perfection!

Posted by: Jeff Loonow, Houston Asstros Inc. at July 08, 2015 01:31 PM (TOk1P)

211 A lib (complete with peace symbol on his car) bought a house two doors down from us right at the height of the CA housing bubble. I think he's still a couple hundred grand underwater. /smiles

Like school loans, he'll just walk away.

Posted by: rickb223 at July 08, 2015 01:31 PM (UOsvH)

212

Ya'll know this is Trump's fault, right?

Posted by: artisanal 'ette at July 08, 2015 01:31 PM (qCMvj)

213 199 No such real thing as a "managed economy." It's an illusion. The bureaucrats of any nation, no matter how big, can only manipulate things within that nation. But in the modern world, all economies are interconnected globally. And what happens in one country's "managed" economy is often deeply affected by events outside the bureaucrats' reach. So they can "manage" all they want, and things will still collapse if they need to collapse.

The only way to avoid this is to have a single global bureaucracy managing everything -- the Soviet dream for the entire Cold War. yah, that will work out jusssssst fine.
Posted by: zombie at July 08, 2015 01:29 PM (jBuUi)

If I had better help my wage and price controls would have fixed the economy

Posted by: zombie richard nixon at July 08, 2015 01:31 PM (wkuqO)

214 192 Actually living a primitive, desperate, pre-industrial revolution existence is good for you (but not us) and here's why:
Posted by: VOX at July 08, 2015 01:28 PM (1BQGO)

Somalia shows the way! Also Detroit.

Posted by: Jay Guevara at July 08, 2015 01:31 PM (oKE6c)

215 anyone know anything about Norse in my nik? Is it legit?

Posted by: Baldy at July 08, 2015 01:32 PM (sEXjW)

216 198 There is that big ass brewery in St. Louis.
Posted by: Boss Moss at July 08, 2015 01:29 PM (s2Kke)

They're shooting at the lights!

Posted by: Sergeant Al Powell at July 08, 2015 01:32 PM (cK/SS)

217 I think a flaming skull with Tom Friedman's mustache would be appropriate.

Posted by: The Lost Dutchman at July 08, 2015 01:32 PM (Na4RS)

218 A managed economy is not going to make things better, but it's coming. When the gigantic "Keynesian" bubble, that's been inflating for the last 64 years, pops, we will have a choice between that and chaos. America will not accept chaos. A managed economy is already on the books in the Defense Production Act of 1950, all that remains is for the emergency to be declared.

We are no longer the rural agricultural nation we were in 1929. Today the 18 wheelers must pull up to the back of the supermarkets and the public must go in and swap something for food. After about thirty days of what the Greeks are seeing today the people will scream for those in government to do something. Never fear, they will.

Posted by: another fred at July 08, 2015 01:32 PM (o2Z7Y)

219 If this were an interior issue, ace, drudge and foxnews would all be down.

Yeah if it all goes horrible on us, we'll know. This site and lots of other places will go down overnight as doors are kicked in and people are dragged off. There will be a lot of radio silence and cell towers out of order to prevent documenting and spreading the word. A "hack" will take down social media. There will be plenty of warning if it happens. Just don't go quietly. Either way you're probably dead, but you can take some with you and make their jobs awful, perhaps saving others.

Honestly, with the crap that the Tea Party has gotten from all sides, are they even in a position to help anyone?

People act like its an organization, a PAC, or some non profit. The Tea Party was just angry people taking to the streets yelling ENOUGH. Its not an organization. Its not a party. Its not a group you can sign up to and get money from. Its just people.

Posted by: Christopher Taylor at July 08, 2015 01:32 PM (39g3+)

220
Second look as Massive Coronal Ejection??

Posted by: fixerupper at July 08, 2015 01:32 PM (8XRCm)

221 Ya'll know this is Trump's fault, right?

Posted by: artisanal 'ette

Well, Trump and the battle flag of the Army of Northern Virginia.

Posted by: Moderate Salami at July 08, 2015 01:32 PM (/Ho8c)

222 169 What would be funny if, after all the smoke clears from the markets, that we could return to making our own products again.

We have the world's second-largest economy (down from the largest, thanks a lot, Barky) and we could raise ourselves out of the folly of a global economy.

We could, with the right leadership that actually gave a shit about Americans, lead ourselves and eventually the rest of the world out of this mess. We could create long-term prosperity and stability with a return to some economic sanity, away from the ridiculousness of Keynesianism (just shuffling money around) back to the concept of creating value and growth.
Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:25 PM (eEb+d)

_________

It wasn't Keynes that said we should trade, it was that well known communist, Adam Smith.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:33 PM (0LHZx)

223 The Chinese are stealing our BBQ recipes!

Posted by: LincolnTf at July 08, 2015 01:33 PM (2cS/G)

224 China's experiment with capitalism has failed.

Posted by: Boss Moss at July 08, 2015 01:33 PM (s2Kke)

225 What is up with China?
Did they adopt IslamaObama care? That would explain much!

Posted by: OTB at July 08, 2015 01:33 PM (ShdUd)

226
Its just people.

----

So is Soylent Green.

Just sayin....

Posted by: fixerupper at July 08, 2015 01:33 PM (8XRCm)

227 ***"We've had a managed economy for almost 15 years now. I hope you're enjoying it."***
----
don't worry, the next 8 years it will be a Womanaged economy

Posted by: HILARY! at July 08, 2015 01:33 PM (/eTPT)

228 The English tell that story a bit differently and think he's despicable. That's not the first nation he's done it with either.

Vast swathes of English people think Maggie Thatcher is despicable because she interrupted their little Socialist party for a bit.

I'm not saying Soros = Thatcher. Not even a little bit. I'm just saying anyone who interrupts their little Socialist fantasy is going to be hated.

Soros interrupted their fantasy by betting against England's currency manipulation.

Posted by: bonhomme at July 08, 2015 01:33 PM (jhqr1)

229 Personally I think this has a lot to do with the thread below.

And if you already posted this above, what, I'm going read all these comments?

Yeah, right.

Posted by: blaster at July 08, 2015 01:34 PM (2Ocf1)

230 "boy it is a good thing the US Army is going to be the same size as when Peal Harbor was attacked"

So since this den of iniquity occasionally is styled as a "smart military blog", I will quickly drop a link to a piece over at Solomon's SNAFU blog. Where he has been on a roll pointing out the absolutely huge amount of new expeditionary military hardware the Chinese are building.

http://tinyurl.com/qxzacfg

What Solomon is talking about here, and showing a rendering of, is a merchant-ship derived hull which can semi-submerge, to let systems carried on its low deck move to and from the water. The US is building similar stuff.

Solomon, being Marine Corps in his doctrinal habits, is most interested in the amphibious assault concept shown in the rendering, where a giant Chinese-built, Russian designed air cushion vehicle (biggest in the world) could depart such a ship deck to quickly scoot tanks ashore.

But, gee whiz, Wally, I also see _something else_ being carried on the ship deck, in the lower right corner of the illustration. Something that could cause all sorts of rude surprises in places where it would not be expected.

Posted by: torquewrench at July 08, 2015 01:34 PM (noWW6)

231 The Chinese are stealing our BBQ recipes!
Posted by: LincolnTf at July 08, 2015 01:33 PM (2cS/G)

----

From St Louis???

Those they can have.

Posted by: fixerupper at July 08, 2015 01:34 PM (8XRCm)

232 People act like its an organization, a PAC, or some non profit. The Tea Party was just angry people taking to the streets yelling ENOUGH. Its not an organization. Its not a party. Its not a group you can sign up to and get money from. Its just people.
Posted by: Christopher Taylor at July 08, 2015 01:32 PM (39g3+)

Kinda like Soylent Green?

Posted by: Jay Guevara at July 08, 2015 01:34 PM (oKE6c)

233 Looking at the world, it feels like I should be wearing a toga and wondering what's going to come storming over the Alps next, or cruising into the Bay of Naples.

Posted by: kraken at July 08, 2015 01:34 PM (sdxPm)

234 Ooops, Off Friedman Animal House sock

Posted by: Burn the Witch at July 08, 2015 01:34 PM (xSCb6)

235 Actually, the SF Housing Commission (or whatever it's called) is legendarily corrupt. Bribes going every which way.

I'm not sure there's a municipality over the size of 5,000 where this isn't the case. Restaurant inspections, pretty much all inspections seem completely open to bribery.

Posted by: Christopher Taylor at July 08, 2015 01:35 PM (39g3+)

236 Ha ha! Ha ha! Not only did I break the stock exchange, but, while working at my minimum wage job at Dunkin' Donuts this morning, I slightly underfilled all the customers' cups of coffee! Ha ha! Ha ha!

Posted by: Professor Chaos at July 08, 2015 01:35 PM (7u7u7)

237 Fox Business reportying Anonymous tweeted a warning about a rough day for wall street...last night

Posted by: Methos at July 08, 2015 01:35 PM (ZbV+0)

238 211 A lib (complete with peace symbol on his car) bought a house two doors down from us right at the height of the CA housing bubble. I think he's still a couple hundred grand underwater. /smiles

Like school loans, he'll just walk away.
Posted by: rickb223 at July 08, 2015 01:31 PM (UOsvH)

__________

Nothing wrong with walking away. You sign a contract with a lender saying I will pay $X a month until principal is paid. If I stop paying $X a month, you get the house.

Walking away is simply abiding by the contract.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:35 PM (0LHZx)

239 How did China go into debt? It doesn't have a consumer-based economy.

Posted by: Mike

Construction! Look up Ordos, ghost cities, ghost malls.

Local government went nuts over the past 10-15 years developing everything while borrowing from banks at fairly low rates.

To say nothing of private firms going on spending sprees, the retail real estate market, and overseas purchasing.

Posted by: weft cut-loop at July 08, 2015 01:35 PM (fYgrm)

240 "A managed economy is already on the books in the Defense Production Act
of 1950, all that remains is for the emergency to be declared."

Relax. We got this.

Posted by: Top Men at July 08, 2015 01:36 PM (noWW6)

241 We are no longer the rural agricultural nation we were in 1929. Today the 18 wheelers must pull up to the back of the supermarkets and the public must go in and swap something for food.

I will swap you two hippies for a loaf of bread.

Posted by: rickb223 at July 08, 2015 01:36 PM (UOsvH)

242 That would be the one happy thought out of this whole mess AlextheChick, Tom Friedman like Eddie Murphy's character in Trading Places at the start of the movie.

Posted by: Anna Puma at July 08, 2015 01:36 PM (0uDnf)

243 So, boys and girls...China's market is in free today. So ours just shuts down, blames the server or sumpin'...sort of like the debt clock not working for 18 months? Ok, then! Christmas in July!

Posted by: ChristyBlinky,aging Redneck Queen supermodel, has a Hobbit foot at July 08, 2015 01:36 PM (5br9Q)

244 The English tell that story a bit differently and think he's despicable. That's not the first nation he's done it with either.
Posted by: Christopher Taylor at July 08, 2015 01:25 PM (39g3+)/i]

Yep. He reamed out the Thais, too, by manipulating the Thai baht.

Posted by: Jay Guevara at July 08, 2015 01:36 PM (oKE6c)

245 Today the 18 wheelers must pull up to the back of the supermarkets and the public must go in and swap something for food.
Posted by: another fred at July 08, 2015 01:32 PM (o2Z7Y)

Wanna bet? You would be surprised at the number of people who think there are jut too many undesirable *other* people. I would count on those trucks continuing to show up with neo-Maoists in charge. There are few things socialists love more than a good, old-fashioned, terror-famine.

Posted by: First-Rate Political Hack at July 08, 2015 01:36 PM (cK/SS)

246 Hey, didja hear that Hillary Clinton is disappointed in DOnald Trump and EVERY. SINGLE. REPUBLICAN who did not immediately denouncehim? (note to the wise, if you denounced him, you didn't do it fast enough for Hillary. No soup for you.)

So, yeah, he talked about beating China in his speech. His fault.

Posted by: blaster at July 08, 2015 01:37 PM (2Ocf1)

247 We have the world's second-largest economy (down from the largest, thanks a lot, Barky)

Pretty sure we're still the largest; you can trust the numbers out of China about as much as an Obama promise. They're just making up crap whole cloth to give an answer to a bureaucrat higher up, they don't have any hard data.

Posted by: Christopher Taylor at July 08, 2015 01:37 PM (39g3+)

248 I'm not sure there's a municipality over the size of 5,000 where this isn't the case. Restaurant inspections, pretty much all inspections seem completely open to bribery.
Posted by: Christopher Taylor at July 08, 2015 01:35 PM (39g3+)

________

Friend of mine wanted to build an addition to their house. Problem was the way they wanted it done would have put the addition too close to the road. I forgot the actual number of feet it was but it was something like you need 10 feet of space from the house to the street and their plans would have been 9.25 feet. But have no fear, my friend's father in law is good buddies with the local powers that be and guess what....turns out 9.25 feet is close enough after all.

Amazing how that works!!

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:37 PM (0LHZx)

249
Posted by: Methos at July 08, 2015 01:35 PM (ZbV+0) - Could have been due to China crash, which Fox etc ignore.

Posted by: Baldy at July 08, 2015 01:37 PM (sEXjW)

250 The only way to avoid this is to have a single global bureaucracy
managing everything -- the Soviet dream for the entire Cold War. yah,
that will work out jusssssst fine.

I don't know about the rest of you, but I won't live to see that.

Posted by: Methos at July 08, 2015 01:38 PM (ZbV+0)

251 This was probably all my fault.

Yesterday, I added some products and changed a few things on my e-commerce website without knowing how to do any of it. Naturally, it hosed the entire thing.

Now, after a few hours with tech support trying to reconstruct whatever the fuck it was I did, the website is back running. Hopefully, the side effects of shutting down the stock exchange should be cleared up soon.

And no, I'm not going to install google chrome.

Posted by: jwest at July 08, 2015 01:38 PM (9ZZd+)

252 Second look as Massive Coronal Ejection??
---
Is it my fault my secretary is a hottie?

Posted by: Coronal Klink at July 08, 2015 01:38 PM (/eTPT)

253 Yep. He reamed out the Thais, too, by manipulating the Thai baht.

Posted by: Jay Guevara at July 08, 2015 01:36 PM (oKE6c)

Usually you have to pay extra for that.

Posted by: blaster at July 08, 2015 01:38 PM (2Ocf1)

254 Yep. He reamed out the Thais, too, by manipulating the Thai baht.
Posted by: Jay Guevara at July 08, 2015 01:36 PM (oKE6c)

Honestly? Did he manipulate the currency all by himself, or did he take advantage of a stupid policy like Enron did in California? I'd bet dollars to donuts both the Thai and the Brits set themselves up for failure...

Posted by: First-Rate Political Hack at July 08, 2015 01:38 PM (cK/SS)

255 The one time I had to deal with the San Francisco Department of Building Inspection professionally, I was told that it was necessary to hire a "fixer" who could grease the gears for me to get through all the red tape. I scoffed at the idea -- the guy charged something like $1,200 per project.

So I tried to do it alone. And woo boy, did I learn my lesson. I should have hired the guy.

If you don't have a professional fixer to bribe the right people and glad-hand the underlings, you will suffer the wrath of all the Little Hitlers and NEVER get anything approved.

The system is set up to facilitate favoritism and cheating. Details are tedious, but it was a nightmare to be on the Little People end.

Posted by: zombie at July 08, 2015 01:38 PM (jBuUi)

256 215 anyone know anything about Norse in my nik? Is it legit?

Posted by: Baldy at July 08, 2015 01:32 PM (sEXjW)

This Chinese hack is nothing to worry about see. It's like asteroids.

Posted by: SCOAMT at July 08, 2015 01:39 PM (fWAjv)

257 So the Chinese bubble helped drive ours?

Posted by: Brother Cavil at July 08, 2015 01:39 PM (V1M8q)

258 For the record, I ditched my 401k 6 years ago.
Posted by: First-Rate Political Hack at July 08, 2015 01:30 PM (cK/SS)
***********
Me too. Something tells me that everyone still heavily invested in anything other than physical things are going to lose everything. Soon too

Posted by: Truck Monkey is a Mime..... Serious at July 08, 2015 01:39 PM (fLKzW)

259 On 9-11 at 1:30 pm eastern time, was the Government and media still saying "we don't know what caused those planes to fly into those buildings" and "there's no indication of any crime"?

Posted by: Generation Snot at July 08, 2015 01:39 PM (7u7u7)

260 You would be surprised at the number of people who think there are jut too many undesirable *other* people. I would count on those trucks continuing to show up with neo-Maoists in charge.

Trucks are driven by people. Be a shame if they didn't show up.

Posted by: rickb223 at July 08, 2015 01:39 PM (UOsvH)

261 198 There is that big ass brewery in St. Louis

Now if they only made beer.

Posted by: wrg500 at July 08, 2015 01:40 PM (sgrzZ)

262 And no, I'm not going to install google chrome.

Posted by: jwest at July 08, 2015 01:38 PM (9ZZd+)

You hawk any CFB license plates?

Posted by: First-Rate Political Hack at July 08, 2015 01:40 PM (cK/SS)

263 We'll just double our prices.

Posted by: Chinee Laundry at July 08, 2015 01:40 PM (BjKDP)

264 Dow down "only" an even 1% now.

Posted by: LincolnTf at July 08, 2015 01:40 PM (2cS/G)

265 Public Service Announcement:

Go Fvck Yourself HUCK/AKIN

This comment placed for community reference.

Posted by: Burn the Witch at July 08, 2015 01:40 PM (xSCb6)

266 Speaking of Soros, I think he's persona non grata in France, too, due to a conviction for currency shenanigans.

Toss in his Nazi sympathizing during WWII, and he's quite the prize package.

So of course the twit in the White House considers him a mentor.

Posted by: Sort-of-Mad Max at July 08, 2015 01:40 PM (DLu2s)

267 Actually, the Chinese Stock Market crash is good for you, and here is how....

Posted by: vox.com at July 08, 2015 01:40 PM (2Ocf1)

268 You see what happens when a country builds a huge wall to keep foreigners out!

Posted by: Hilary! at July 08, 2015 01:41 PM (/eTPT)

269 Hail...ENOUGH of this wailing of the libs about a Tea Party. There is not a political party with members, like the New Black Panthers. And if there were a large conservative party they'd get audited by the IRS (oh, wait). It is an IDEA or BELIEF like the Gadsens Flag. Bite moi.

Posted by: ChristyBlinky,aging Redneck Queen supermodel, has a Hobbit foot at July 08, 2015 01:41 PM (5br9Q)

270

I will swap you two hippies for a loaf of bread.
Posted by: rickb223 at July 08, 2015 01:36 PM (UOsvH)

We call that two Bernies.

Posted by: Vermonters at July 08, 2015 01:41 PM (qCMvj)

271 That Norse map is blowing the hell up.

Thanks for the link Baldy.

Posted by: RWC - Team BOHICA at July 08, 2015 01:42 PM (fWAjv)

272 This Chinese hack is nothing to worry about see. It's like asteroids.

More like Pac Man.

Posted by: Bertram Cabot Jr. at July 08, 2015 01:42 PM (W5DcG)

273 Toss in his Nazi sympathizing during WWII, and he's quite the prize package.

Soros wasn't just a sympathizer. He's an unrepentant Nazi collaborator. He has said that was the best time of his life.

Posted by: bonhomme at July 08, 2015 01:42 PM (jhqr1)

274 The Chinese Crash is over 5%ers can't sell.

Posted by: Boss Moss at July 08, 2015 01:42 PM (s2Kke)

275 Ace thanks so much.

And thanks for letting us poke a little fun now and then.
You are the closest thing around here to authority - we can't help taking shots.

You little rascal, you.

Posted by: JohnnyBoy at July 08, 2015 01:42 PM (hk5Mp)

276 hmm, There is a flash update, and a kindle up date on the same day the NYSE and a major airline gets shut down.

Let us hope the update mechanisms haven't been compromised. It would be hell to download a trojan thinking you had to do an emergency update because of a computer hack.

If DNS were hacked, you could be looking at a copy of an authentic update site, with an authentic url that has been redirected.

Y'all know we're doomed, right?

Posted by: Cassie Frankless at July 08, 2015 01:42 PM (IMtiD)

277 If you don't have a professional fixer to bribe the right people and glad-hand the underlings, you will suffer the wrath of all the Little Hitlers and NEVER get anything approved.

zombie you didn't watch "Back To School?"

Jeez.

They don't teach the classics now a days.

Posted by: blaster at July 08, 2015 01:42 PM (2Ocf1)

278 That Norse map is blowing the hell up.

Damn scandis.

Posted by: rickb223 at July 08, 2015 01:42 PM (UOsvH)

279 Something tells me that everyone still heavily invested in anything other than physical things are going to lose everything. Soon too

The problem from where I sit is trying to figure out a good, durable, storable substance you can rely on to retain value but can guard well. Gold seems likely but it historically causes a lot more troubles than it solves. Spices are a good bet, but they take up a fair amount of space and are difficult to restock in a disaster. I honestly don't know any answer other than hard work and being a capable fighter.

Posted by: Christopher Taylor at July 08, 2015 01:43 PM (39g3+)

280 Ban the Scandi Cross.

Posted by: Boss Moss at July 08, 2015 01:43 PM (s2Kke)

281 Soros helped move the furniture out of apartments after the Jewish occupants were sent to the camps. So one talks about that book keeper, Soros should be in the dock also.

Posted by: Anna Puma at July 08, 2015 01:44 PM (0uDnf)

282 Let us hope the update mechanisms haven't been compromised. It would be hell to download a trojan thinking you had to do an emergency update because of a computer hack.

Posted by: Cassie Frankless at July 08, 2015 01:42 PM (IMtiD)

Skynet, the prequel reboot!

Posted by: First-Rate Political Hack at July 08, 2015 01:44 PM (cK/SS)

283 What i can't figure out is why this wasn't predicted by a fortune cookie.

Posted by: Buzzsaw90 at July 08, 2015 01:44 PM (/eTPT)

284 This Chinese crash will eventually be a buying opportunity, maybe the best we've had since 2008-2009. Watch the candlestick charts.

Posted by: gp at July 08, 2015 01:44 PM (+Jpqc)

285 Pretty sure we're still the largest; you can trust the numbers out of China about as much as an Obama promise. They're just making up crap whole cloth to give an answer to a bureaucrat higher up, they don't have any hard data.

It seems like I recall this in the news last year sometime, that China had surpassed us in GDP. I'm certain that'll float back and forth between us for a while.

I'm still surprised that we're Number One after all the overregulation and idiotic shit this clown car of an administration has done to strangle the economy.

And the worst part of it is, it doesn't have to be this way. We could have a booming economy with a diversity of opportunity for people of all abilities, but nnnoooooooooo, we have too many control freaks in DC who have no experience in the real world sticking their grubby little fingers in places where they have no business.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:44 PM (eEb+d)

286 This is all part of my plan to restore the Great Mongol Empire!

Posted by: The Ghost of Ghengis Khan at July 08, 2015 01:44 PM (NjiZL)

287 anyone know anything about Norse in my nik? Is it legit?
Posted by: Baldy at July 08, 2015 01:32 PM (sEXjW)

----

I dunno. Kinda cool tho.

Its prolly legit as I dont see any outgoing fire from us.

Posted by: fixerupper at July 08, 2015 01:44 PM (8XRCm)

288 In Irvine, most of the new housing there has been bought by Chinese. Follow the money--they know what's going to happen back in China.

Posted by: pj at July 08, 2015 01:45 PM (cHuNI)

289 Soros wasn't just a sympathizer. He's an unrepentant Nazi collaborator. He has said that was the best time of his life.

No lines at the deli!

Posted by: George 'Blofeld' Soros at July 08, 2015 01:45 PM (DLu2s)

290 the Router Limits ?

Posted by: seamrog at July 08, 2015 01:45 PM (BARK4)

291 Posted by: artisanal 'ette at July 08, 2015 12:51 PM (qCMvj)

put up a map of trading .. sure seemed to slim out before it stopped with a handful of trades at the end for a short period.

wonder who those blue dots represented

Posted by: willow at July 08, 2015 01:45 PM (nqBYe)

292 Well, I think we're all together in hoping that Moo Moo loses his ass.

Posted by: Pappy O'Daniel at July 08, 2015 01:45 PM (oVJmc)

293 KNEEL BEFORE YOUR KHAN!!!!!

Posted by: The Ghost of Ghengis Khan at July 08, 2015 01:45 PM (NjiZL)

294 This stuff is not an accident. Well, then. Better go to work so's to pay the yankee tax.

Posted by: Eromero at July 08, 2015 01:46 PM (go5uR)

295 Soros wasn't just a sympathizer. He's an unrepentant Nazi collaborator. He has said that was the best time of his life.

Yeah he didn't just sympathize, he literally betrayed his people by taking the Nazis to places they were hiding, and robbing them. Little Georgi Soros was a monster and grew up to be an even worse one that in several interviews calls himself god.

He's about as despicable a human being as possible, he's a James Bond villain but the left adores him because of how he uses his money.

Posted by: Christopher Taylor at July 08, 2015 01:46 PM (39g3+)

296 OT(ish)/ if you buy bullets with cash, does that get tracked?

Posted by: Lea at July 08, 2015 01:46 PM (lIU4e)

297 SPACE 2 DESTROY!

http://tinyurl.com/phuaz3q

Posted by: Stephanie Rawlings-Bleak at July 08, 2015 01:46 PM (xkSSa)

298 zombie you didn't watch "Back To School?"

Posted by: blaster at July 08, 2015 01:42 PM (2Ocf1)

Trump has been reminding me of Thorton Melon's presentation skills recently.

Posted by: First-Rate Political Hack at July 08, 2015 01:46 PM (cK/SS)

299 "Hey, didja hear that Hillary Clinton is disappointed in DOnald Trump"

--------------------------------------------------------------

Only because he gets better "P" than she.

Posted by: OTB at July 08, 2015 01:46 PM (ShdUd)

300
like 28% to 69%
In a "heavily Conservative" area? Good Lord...

Posted by: Tilikum Killer Assault Whale at July 08, 2015 01:46 PM (LWWrf)

301 Actually, a 30% drop in Chinese markets is good for the Chinese people, and here's why.

Posted by: rebel flounder at July 08, 2015 01:46 PM (Vf5rR)

302 Boy, these Chinese financial troubles upset us no end!

Posted by: Taiwan at July 08, 2015 01:46 PM (DLu2s)

303 I have a feeling this may impact China's support of massive, inefficient green energy boondoggles. Global warming hardest hit!

Posted by: Grimaldi at July 08, 2015 01:47 PM (d64SR)

304 Honestly? Did he manipulate the currency all by himself, or did he take
advantage of a stupid policy like Enron did in California? I'd bet
dollars to donuts both the Thai and the Brits set themselves up for
failure...

Dunno, maybe, but my impression was that he'd whipsawed forex trading in the baht, which probably is pretty thinly traded.

The Brits got hosed because they were in the exchange rate mechanism, and he dicked them around too. Bear in mind that when someone like Soros takes a position, he probably induces lots of other people to do the same thing because of his track record.

For my part, I strongly suspect Soros was involved in popping the subprime mortgage bubble in the run up to the 2008 election. A nervous market would be easy to spook by someone of Soros's stature and financial clout. Just a rumor that Soros was bailing could start the avalanche.

No evidence for this, but the timing was so opportune for Barky, and it would be so easy ...

Posted by: Jay Guevara at July 08, 2015 01:47 PM (oKE6c)

305 WHAT'S A WIDGET?

Posted by: Thorton Melon at July 08, 2015 01:47 PM (cK/SS)

306 Something tells me that everyone still heavily invested in anything other than physical things are going to lose everything. Soon too.

If that happens, unless you've got the gold, diamonds, silver, whatever in hand, all you've got is a piece of paper.

Posted by: bonhomme at July 08, 2015 01:47 PM (jhqr1)

307 138 >>supposed real-time attacks shown on website in my nik

Looks like the Chinese are targeting something in St. Louis. Military records?
Posted by: JackStraw at July 08, 2015 01:21 PM (g1DWB)

Scott AFB? What do they do there?

Posted by: joncelli at July 08, 2015 01:47 PM (ENczY)

308 WHO'S DOING THE RAPING?

Posted by: Donald Trump at July 08, 2015 01:47 PM (cK/SS)

309 Barack Obama is a SCOAMT.

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 01:47 PM (kff5f)

310 Burn it down.
Scatter the stones.
Salt the earth where it stood.

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 01:47 PM (kff5f)

311 It seems like I recall this in the news last year sometime, that China had surpassed us in GDP. I'm certain that'll float back and forth between us for a while.

Sure, they claimed to be that, and the press agreed, and the federal government bought it.

But are they? How can anyone trust their numbers, the Chinese don't even know what's going on in China.

Posted by: Christopher Taylor at July 08, 2015 01:48 PM (39g3+)

312 Economists like Friedman are like the scientists in Jurassic park who thought they control forces beyond their control. They were self deluded, egotistical fools who were eaten by their own creation.

Posted by: maddogg at July 08, 2015 01:48 PM (xWW96)

313

Interesting...

Cybersecurity Stocks Surged on the Back of the Big NYSE Trading Halt
Palo Alto Networks, AVG, and others moved up.

h/t bloomberg

and lookie here

Meet 5 Top-Rated Stocks Poised For Big Profit Gains
(IBD)

With quarterly earnings queuing up to be announced and the stock market under pressure, it's a good time to look over top-rated companies such as Palo Alto Networks (NYSEANW) and Ambarella (NASDAQ:AMBA) that are expected to show strong profit growth.

somebody nailed it

somebody won the lottery

Posted by: artisanal 'ette at July 08, 2015 01:49 PM (qCMvj)

314 Late enough in the thread for some OT?

Looks like Trump is taking the NASCAR and ESPN snubbings very hard:

http://tinyurl.com/obwlztq

The poor man. Just devastated.

Posted by: Semper In Stercus at July 08, 2015 01:49 PM (BZAd3)

315 It is not sufficient that I succeed -- all others must fail!

Posted by: The Ghost of Ghengis Khan at July 08, 2015 01:49 PM (NjiZL)

316 So let me get this straight:

China's economy is in the middle of a not-so-slow-motion collapse and Tom Friedman wants to copy their model.

Really?

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 01:49 PM (kff5f)

317 Scott AFB? What do they do there?

One of DISA's COOP sites.

Posted by: wrg500 at July 08, 2015 01:49 PM (sgrzZ)

318 You know what we need to do most now?

Trade moar with Chinese!

Posted by: Moderate Salami at July 08, 2015 01:50 PM (/Ho8c)

319 "China's markets collapse. Government steps in to prevent selling of stocks.

NYSE suddenly stops trading.

Coincidence?

Posted by: grognard"

Interesting thought.

Posted by: pj at July 08, 2015 01:50 PM (cHuNI)

320 Sure, they claimed to be that, and the press agreed, and the federal government bought it.

But are they? How can anyone trust their numbers, the Chinese don't even know what's going on in China.

I don't trust OUR numbers.

Posted by: bonhomme at July 08, 2015 01:50 PM (jhqr1)

321 Looks like Trump is taking the NASCAR and ESPN snubbings very hard:

http://tinyurl.com/obwlztq

The poor man. Just devastated.

That's why they call it Fuck You Money.

Posted by: blaster at July 08, 2015 01:50 PM (2Ocf1)

322 What i can't figure out is why this wasn't predicted by a fortune cookie.

It probably was but it was as ambiguously worded as a Nostradamus quatrain.

Posted by: Bertram Cabot Jr. at July 08, 2015 01:50 PM (W5DcG)

323 Talk about hubris with a capital H. Central bankers like Yellin and LeGraunde are running around crying "We got this" as it pertains to the markets. Yet a Communist State like China where the market is owned by the State and has the power to shoot people for doing the wrong things to the market, can't prevent a market slide.

And Yellin thinks she has the tools to do better? PBoC has the gun. Yellin has ..... grey hair. How long do you think she will last?

Posted by: DrDog at July 08, 2015 01:50 PM (ZVUS/)

324 I buy ammo for cash and just get a receipt. I have traded ammo for silver too. I don't use credit cards or checks, ever. Because it makes my seller really happy to get cash. And a happy arms seller is a good thing.

Posted by: kraken at July 08, 2015 01:50 PM (sdxPm)

325 For my part, I strongly suspect Soros was involved in popping the subprime mortgage bubble in the run up to the 2008 election. A nervous market would be easy to spook by someone of Soros's stature and financial clout. Just a rumor that Soros was bailing could start the avalanche.

I'm 100% absolutely certain of it. Something specific triggered it at that very moment when it was so totally convenient for Barack Obama and the Democrats. And Soros is the most likely person.

He's every bit as ruthless and monstrous as the worst JP Morgan/Vanderbilt/Rockerfeller at their most awful and greedy. And he's a massive American hating communist to boot.

Posted by: Christopher Taylor at July 08, 2015 01:50 PM (39g3+)

326 306 Something tells me that everyone still heavily invested in anything other than physical things are going to lose everything. Soon too.

If that happens, unless you've got the gold, diamonds, silver, whatever in hand, all you've got is a piece of paper.

Posted by: bonhomme at July 08, 2015 01:47 PM (jhqr1)

__________

And if you do have gold, diamonds, silver, whatever...good luck doing anything with it. You can't eat gold. And nobody will trade you food for gold, since, well, you can't eat gold.

This is the part of the plan doomers never think through. You can have all the precious metals you want, but in a post-apocalyptic world, those metals won't be worth shit.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:50 PM (0LHZx)

327 China's economy is in the middle of a not-so-slow-motion collapse and Tom Friedman wants to copy their model.

Friedman has wanted to copy their model for decades.

Posted by: bonhomme at July 08, 2015 01:51 PM (jhqr1)

328 I will swap you two hippies for a loaf of bread.

If I throw in some cow-orkers, can I get some Nutella on the bread?

Posted by: HR braucht ein Bier at July 08, 2015 01:51 PM (ZKzrr)

329 BTW according to zerohedge, Greek businesses have already started listing prices in Drachmas, so I guess that decision has been made.

Posted by: Methos at July 08, 2015 01:51 PM (ZbV+0)

330 266 Speaking of Soros, I think he's persona non grata in France, too, due to a conviction for currency shenanigans.

Toss in his Nazi sympathizing during WWII, and he's quite the prize package.

So of course the twit in the White House considers him a mentor.

Posted by: Sort-of-Mad Max at July 08, 2015 01:40 PM (DLu2s)

And where did Horse Face Clinton marry Mezhinsky (or whatever his name is)? Soros's mansion.

Soros has admitted/claimed that he personally engineered coups in something like five countries.

He's my candidate for the worst human being on the planet.

Posted by: Jay Guevara at July 08, 2015 01:51 PM (oKE6c)

331 The problem from where I sit is trying to figure out a good, durable, storable substance you can rely on to retain value but can guard well. Gold seems likely but it historically causes a lot more troubles than it solves. Spices are a good bet, but they take up a fair amount of space and are difficult to restock in a disaster. I honestly don't know any answer other than hard work and being a capable fighter.

Brass, lead, and copper.

Posted by: rickb223 at July 08, 2015 01:51 PM (UOsvH)

332 And Yellin thinks she has the tools to do better?
PBoC has the gun. Yellin has ..... grey hair. How long do you think she
will last?

Posted by: DrDog

To be fair, she probably has a vag and uterus, too, giving her All The Power.

Posted by: Moderate Salami at July 08, 2015 01:51 PM (/Ho8c)

333 For my part, I strongly suspect Soros was involved in popping the subprime mortgage bubble in the run up to the 2008 election. A nervous market would be easy to spook by someone of Soros's stature and financial clout. Just a rumor that Soros was bailing could start the avalanche.

_________

Oh yeah totally. It was all Soros. The fact banks were lending $500K to people making $10/hr had absolutely nothing to do with it.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:52 PM (0LHZx)

334 Property markets have been boosted by Chinese snapping up properties.

What a fucking laugh.

As if pricing Americans out of the market is a good thing.

Posted by: Dack Thrombosis at July 08, 2015 01:52 PM (oFCZn)

335 Posted by: Semper In Stercus at July 08, 2015 01:49 PM (BZAd3)

I'm on Team Burn It Down, and I approve of this statement.

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 01:52 PM (kff5f)

336 So of course the twit in the White House considers him a mentor.

That POS was in the picture from TFG's presidential launch in Little Billy Ayer's living room.

In the front row.

He considers the US, us, the greatest evil in the world today and has vowed to do everything in his power to destroy us. In a sane world, he'd be deported, all of his assets seized and all of his organizations shut down. And if he set foot in our great country, he'd go straight to jail on treason charges.

There's a reason I always refer to him as the anti-Christ. He's caused, and continues to cause a lot of innocent people problems just because he can. And if you've ever seen that interview that's on teh Intarwebz, you'd see a classic example of a crazy megalomaniac.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:53 PM (eEb+d)

337 You can't eat gold.

You can hit a guy in the head with a gold bar and take his food.

Posted by: Bertram Cabot Jr. at July 08, 2015 01:53 PM (W5DcG)

338 So, in the end times, does anyone do well or are the Lefties going to screw everyone equally?

Posted by: MTF at July 08, 2015 01:53 PM (DkJ4E)

339 Michelle Obama Spends $600K On New White House Dining Room Day After Administration Announced Theyre Cutting 40,000 Army Troops For Budget Reasons

Weasel Zippers

What a bunch of scrunts. The whole lot of them

Posted by: Nevergiveup at July 08, 2015 01:53 PM (wq4B0)

340 Buy rabbits. Good source of food and if needed, they can breed quickly and make even more food. And they don't take up a lot of space.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:53 PM (0LHZx)

341 I'm 100% absolutely certain of it. Something specific triggered it at that very moment when it was so totally convenient for Barack Obama and the Democrats. And Soros is the most likely person.

Posted by: Christopher Taylor at July 08, 2015 01:50 PM (39g3+)/i]

I'm glad you don't think I'm too tin-foil hatty. It looked orchestrated to me, too. He didn't orchestrate the problem, mind you - we have the Democrats for that - but I think he did orchestrate when the blow fell.

Posted by: Jay Guevara at July 08, 2015 01:53 PM (oKE6c)

342 If that happens, unless you've got the gold, diamonds, silver, whatever in hand, all you've got is a piece of paper.

One in the hand is always better than two in the bush.

Posted by: rickb223 at July 08, 2015 01:53 PM (UOsvH)

343 wear a Che T Shirt
----------------------------------
I would rather go naked than wear a Che shirt and you don't want to see me naked!

Posted by: DrDog at July 08, 2015 01:54 PM (ZVUS/)

344 337 You can't eat gold.

You can hit a guy in the head with a gold bar and take his food.
Posted by: Bertram Cabot Jr. at July 08, 2015 01:53 PM (W5DcG)

______

Heh. True. Althought you can do that with a rock as well, for 1/10000th the price.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:54 PM (0LHZx)

345 But you can get the other guy to eat lead.

Posted by: kraken at July 08, 2015 01:54 PM (sdxPm)

346 Former Nazi Collaborator and Convicted Felon George Soros

Posted by: AoSHQ Stylebook at July 08, 2015 01:54 PM (evdj2)

347 If China crashes how in the hell do they take over everything in our future Blade Runner world?

Posted by: Cruzinator at July 08, 2015 01:54 PM (4SgJh)

348 This Chinese crash will eventually be a buying opportunity, maybe the
best we've had since 2008-2009. Watch the candlestick charts.

Yes, by all means, 'invest' by 'owning' shit in a communist country.

Posted by: Methos at July 08, 2015 01:54 PM (ZbV+0)

349 i am Helen and i want to thank Dr.otonu for bringing back my chinese stock market, we lost value for more than 8 month and i thought i never get it back again. i worried so much to the extend that i could not think of investment again, i was confused and depress due to the my loss, i did everything i could do to restore my chinese stock market. so i decided to contact a spell caster, i did not believe in spell casting i just want to try it may be it would work out for me. i contacted Dr.otonu for help, and he told me that he have to spell on chinese stock market, i told him to do it. after 5 days my chinese stock market came back. i was very happy and i thank Dr otonu for helping me get back my chinese stock market back to my hands. his spell is the greatest of all over the world, it was the prosperity spell he cast on my chinese stock market that make it come back to me. all you people who want back their chinese stock market back i want you to contact Dr.otonu for the return of your chinese stock market and also your greek stock market he can also cast any kind of spell you want him to cast for you. his contact email is (otonuspelltemple@yahoo.com) or (otonuspelltemple@gmail.com) or call (+2348169616855) just try him and there will be a solution to your problem

Posted by: Dr.otonu at July 08, 2015 01:54 PM (Vf5rR)

350 And nobody will trade you food for gold, since, well, you can't eat gold.

Depends on what's going on. In post WW1 hyperinflation, people were trading things like piano's for food.

Someone generally has some food to trade.

Posted by: Lea at July 08, 2015 01:55 PM (lIU4e)

351 So a bear got loose in the China shop?

[rimshot]

Posted by: logprof at July 08, 2015 01:55 PM (VfWkP)

352 So, in the end times, does anyone do well or are the Lefties going to screw everyone equally?
Posted by: MTF at July 08, 2015 01:53 PM (DkJ4E)

-----

**Glances at the stash of ammo.**

I do not know about "well". But some will do better than others.

Posted by: fixerupper at July 08, 2015 01:55 PM (8XRCm)

353 One in the hand is always better than two in the bush.

What about hardwood?

Posted by: wrg500 at July 08, 2015 01:55 PM (sgrzZ)

354 Soros has admitted/claimed that he personally engineered coups in something like five countries.

He's my candidate for the worst human being on the planet.

Well, I'd be interested to know which coups. If he took out Francois "Papa Doc" Duvalier, I wouldn't hold that against him.

Posted by: bonhomme at July 08, 2015 01:55 PM (jhqr1)

355 zombie you didn't watch "Back To School?"

A classic, especially the scene in question

https://youtu.be/YlVDGmjz7eM

More true than most people know.

And Yellin thinks she has the tools to do better? PBoC has the gun. Yellin has ..... grey hair. How long do you think she will last?

Exactly. Nobody can control economics. Nobody. The best you can do is nudge and try to cut off the worst things you've seen happen in the past.

Posted by: Christopher Taylor at July 08, 2015 01:55 PM (39g3+)

356 If shit ever gets as bad as having to fight off people for my food with my cache of stored guns/ammo.....I don't think I want to live in such a world.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:55 PM (0LHZx)

357 Oh yeah totally. It was all Soros. The fact banks
were lending $500K to people making $10/hr had absolutely nothing to do
with it.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:52 PM (0LHZx)

The point, for those who missed it, was that Soros might have triggered the popping of the bubble, not that he caused the bubble. We have Democrat "social justice" policies for that.

Posted by: Jay Guevara at July 08, 2015 01:56 PM (oKE6c)

358 Sultan Knish has a good post about fighting the left nowadays: http://tinyurl.com/qxzd3od
Posted by: Feh at July 08, 2015 01:16 PM (pMQt9)

Wow. That's the best I've read in a while. I already buy used movies and books, when they conflict with my values, but the other ideas were also good.

Posted by: Old Hob at July 08, 2015 01:56 PM (NBhge)

359 Oh yeah totally. It was all Soros. The fact banks were lending $500K to people making $10/hr had absolutely nothing to do with it.
Posted by: HUCK / AKIN 2016 at July 08, 2015 01:52 PM (0LHZx)

He's a class A communist, but what was he supposed to do - keep dancing until there were no chairs left? Even the *NYT* suggested that there could be a mortgage crisis in 1999 due to federal policies for crying out loud.

Posted by: First-Rate Political Hack at July 08, 2015 01:56 PM (cK/SS)

360 "And nobody will trade you food for gold, since, well, you can't eat gold."

Except in real-world economic collapses, people DO trade food for gold, because when currency is no longer trusted, they need some kind of a durable verifiable compact store of value, a medium of exchange that they can then trade for things other than food. People do need to do that.

There's the fellow who has written extensively about lessons-learned from the Argentinian economic collapse, where the middle class got dumped into abject penury overnight, and you know what? People with food _very happily_ accepted gold for food.

His big insight from hard experience was that, in small scale informal-market dealing, coins or bars of gold aren't that useful because the "denomination" is too big. Slender gold chains are better. You can cut links to scale to the size of the intended purchase.

Posted by: Top Men at July 08, 2015 01:56 PM (noWW6)

361 Buy rabbits. Good source of food and if needed, they can breed quickly and make even more food. And they don't take up a lot of space.
Posted by: HUCK / AKIN 2016 at July 08, 2015 01:53 PM (0LHZx)

----

yes yes..... you do that. Because youll starve to death.

Never hear of rabbit starvation??? Dumb ass city kids.

Posted by: fixerupper at July 08, 2015 01:56 PM (8XRCm)

362 Depends on what's going on. In post WW1 hyperinflation, people were trading things like piano's for food.

Someone generally has some food to trade.
Posted by: Lea at July 08, 2015 01:55 PM (lIU4e)

____________

Fair enough. I guess if you have mountains of food available and you think in the future gold will be valuable again, you would make that train. I just don't see gold/silver being on anyone's "shit I need right now to survive" list.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:57 PM (0LHZx)

363
Brass, lead, and copper.
Alcohol, TP, and cigarettes.

Posted by: Tilikum Killer Assault Whale at July 08, 2015 01:57 PM (LWWrf)

364 Ace, thank you for afflicting the comfortable. These so-called experts need to have their noses rubbed in their own excrement every time one of their asinine opinions or predictions is proven so, so wrong.

Although at the end of the day Friedman still laughs at us from his ginormous Hamptons mansion.

Posted by: Brass Bancroft at July 08, 2015 01:57 PM (hAFla)

365 For my part, I strongly suspect Soros was involved in popping the subprime mortgage bubble in the run up to the 2008 election. A nervous market would be easy to spook by someone of Soros's stature and financial clout. Just a rumor that Soros was bailing could start the avalanche.

Jay, I did some research on the '08 Crash a few years back and found evidence that we were the victims of economic warfare.

http://backwardsboy.blogspot.com/2011/03/paper-blood-global-economic-war-against.html

Inside that post is a link that outlines how it was done. It's a long, dry read, but if you take the time, it'll tell you a lot.

We were set up by a lot of our enemies, which just happened to set up TFG's Reign of Error.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:57 PM (eEb+d)

366 One in the hand is always better than two in the bush.

Posted by: rickb223

I dunno, two hands in the bush is pretty fun.

Posted by: Hillarity!!! at July 08, 2015 01:58 PM (/Ho8c)

367 Sorry about the panic disorder Ace. I have it too and wouldn't wish it on my worst enemy.

As far as the market crashes and trading outages go this is one time when Obama being president will actually help us. The press is so incurious about anything bad that happens on his watch, and is so determined to protect him that they will make nothing but soothing noises over all of this.

The low information crowd will suckle on the media's tit and never know anything happened at all. Whereas if Bush were president... the wolves would be at the door and the kids would be trapped in the well.

Posted by: Thatch at July 08, 2015 01:58 PM (pBZp4)

368 Posted by: Top Men at July 08, 2015 01:56 PM (noWW6)

________

But that's different than the doomsday scenarios everyone here is talking about. You all are talking about Mad Max Land, not Argentina hyperinflation.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:58 PM (0LHZx)

369 By all means buy rabbits.

Posted by: Daffy Duck at July 08, 2015 01:58 PM (W5DcG)

370 For my part, I strongly suspect Soros was involved in popping the subprime mortgage bubble in the run up to the 2008 election. A nervous market would be easy to spook by someone of Soros's stature and financial clout. Just a rumor that Soros was bailing could start the avalanche.

I'm 100% absolutely certain of it. Something specific triggered it at that very moment when it was so totally convenient for Barack Obama and the Democrats. And Soros is the most likely person.

He's every bit as ruthless and monstrous as the worst JP Morgan/Vanderbilt/Rockerfeller at their most awful and greedy. And he's a massive American hating communist to boot.
Posted by: Christopher Taylor at July 08, 2015 01:50 PM (39g3+)

Remember this.

http://www.opensecrets.org/orgs/list.php

#19 Soros Fund Management

$44,442,608 Total contributions.
$43,393,518 To Dems and Liberals
$1,004,550 98% To Repubs and Conservs
98% To Dems and Liberals
2% To Repubs and Conservs

I call the 2% "bribes taken."

Posted by: artisanal 'ette at July 08, 2015 01:59 PM (qCMvj)

371 No bad time lasts forever, I have some extra long term food and TP. I figure the women will be willing to trade gold for TP.

Posted by: zombie richard nixon at July 08, 2015 02:00 PM (wkuqO)

372 Hard to believe commodities are collapsing with all the confetti money.
Posted by: Boss Moss
------------

Big winner: Parker Brothers

Posted by: Mike Hammer, etc., etc. at July 08, 2015 02:00 PM (9mTYi)

373 What currency did they use in Thunderdome?

Posted by: Buzzsaw at July 08, 2015 02:00 PM (81UWZ)

374 yes yes..... you do that. Because youll starve to death.
Never hear of rabbit starvation??? Dumb ass city kids.
Posted by: fixerupper at July 08, 2015 01:56 PM (8XRCm)

Ha. Yeah, I think chickens are better personally. But you have to have somewhere to put them.

BTW, Top Men, do you have a good book recommendation on the Argentinian crisis?

Posted by: Lea at July 08, 2015 02:00 PM (lIU4e)

375
His big insight from hard experience was that,
in small scale informal-market dealing, coins or bars of gold aren't
that useful because the "denomination" is too big. Slender gold chains
are better. You can cut links to scale to the size of the intended
purchase.

Posted by: Top Men

I think Ferfal's experiences are worthwhile to read about.

Posted by: Hillarity!!! at July 08, 2015 02:00 PM (/Ho8c)

376 Posted by: HUCK / AKIN 2016 at July 08, 2015 01:50 PM (0LHZx)

The collapse won't be like The Road or Mad Max. It will be like 1931 only a little bit worse. By the way, a lot of people made a lot money at that time.

Posted by: Cruzinator at July 08, 2015 02:01 PM (4SgJh)

377 Posted by: Buzzsaw at July 08, 2015 02:00 PM (81UWZ)

Strangely enough, Barter Town had a barter economy.

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 02:01 PM (kff5f)

378 Here's hoping the Slavers in Charge of the PRC end up jumping out of windows and being hanged by rioters.

All Commies are Slavers - All Slavers Must Perish.

Posted by: Inspector Cussword at July 08, 2015 02:01 PM (ukTrJ)

379 This is the part of the plan doomers never think
through. You can have all the precious metals you want, but in a
post-apocalyptic world, those metals won't be worth shit.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:50 PM (0LHZx)

Which serves again to prove what a fucking know nothing you are.
The point isn't to have it immediately post-collapse. It's to have during rebuilding when trade restarts.

Posted by: Country Singer at July 08, 2015 02:01 PM (8hctH)

380 Brass, lead, and copper.
Alcohol, TP, and cigarettes.

I've gone long on condoms.

Posted by: wrg500 at July 08, 2015 02:01 PM (sgrzZ)

381 2% To Repubs and Conservs

I call the 2% "bribes taken."
Posted by: artisanal
---------------------------

Actually, bribes are a good thing, and here's why...

Posted by: Mitch McConnell at July 08, 2015 02:02 PM (9mTYi)

382 In a barter economy, at some point 'money' evolves, might be sea shells, it might be gold. I'll bet gold tho.

Posted by: just saying at July 08, 2015 02:02 PM (wkuqO)

383 Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 01:57 PM (eEb+d)

Thanks. I'll check it out.

Posted by: Jay Guevara at July 08, 2015 02:02 PM (oKE6c)

384 I've gone long on condoms.

ISWYDT

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 02:02 PM (eEb+d)

385 Yeah, I think chickens are better personally. But you have to have somewhere to put them.

If you've got room, goats are really good, too. If you have room (say, a small farm), goats and chickens. Throw in a vegetable garden, and there's not a whole lot more that you need from the outside world.

Posted by: AllenG (DedicatedTenther) - Not dead yet at July 08, 2015 02:02 PM (kff5f)

386 I think weaselzippers is having some issues.

Posted by: SMFH at it all at July 08, 2015 02:02 PM (kmtse)

387 You all are talking about Mad Max Land, not Argentina hyperinflation.
Posted by: HUCK / AKIN 2016

Lying comes easily to you. Consider also that we have a considerable portion of the population dependant on government entitlement programs. And they don't have anything to exchange; no commodities, little land or precious metals. And no prospect of getting any. A failure to recharge EBT cards caused rioting. A prolonged failure, or a serious negation in their buying power amount to the same thing.

Posted by: Blue Hen at July 08, 2015 02:02 PM (Spluw)

388 Re Soros, check out "Discover the Networks."

http://www.discoverthenetworks.org/individualProfile.asp?indid=977

Posted by: Jay Guevara at July 08, 2015 02:03 PM (oKE6c)

389 BTW, Top Men, do you have a good book recommendation on the Argentinian crisis?

Posted by: Lea

Link to Ferfal's blog in nic.

Posted by: Moderate Salami at July 08, 2015 02:03 PM (/Ho8c)

390 On a personal note, I dealt with Panic Disorder most of my adult life. It made my life very hard.

I thank God every day, now, that I am no longer plagued by that waking nightmare.

Posted by: Pastorius at July 08, 2015 02:03 PM (gMAUH)

391 Thanks. I'll check it out.

I might recommend mass quantities of Valu-Rite. For afterwards. It's some pretty scary shit.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 02:04 PM (eEb+d)

392 As far as the market crashes and trading outages go this is one time when Obama being president will actually help us. The press is so incurious about anything bad that happens on his watch, and is so determined to protect him that they will make nothing but soothing noises over all of this.

Yeah, its not always a bad thing. Unemployment and inflation are lower than they would have been under a Republican president because its being massively underreported and even lied about by the press. The problem for me isn't that they'll quiet this stuff down but that they're inconsistent about it.

The press is ideally equal in its distrust and hostility toward all in power and ideally equal in its reluctance to trigger economic panic and crisis.

Posted by: Christopher Taylor at July 08, 2015 02:04 PM (39g3+)

393 The collapse won't be like The Road or Mad Max. It will be like 1931 only a little bit worse. By the way, a lot of people made a lot money at that time.
Posted by: Cruzinator at July 08, 2015 02:01 PM (4SgJh)

_________

Oh yeah lots of people made money in the 30s. People who had cash bought shit at rock bottom prices. Key word: cash, ie not gold.

Posted by: HUCK / AKIN 2016 at July 08, 2015 02:05 PM (0LHZx)

394 China needs Stretch Pelosi over there to explain to them how extension of unemployment insurance benefits creates jobs. She'll have that stock market humming along in no time flat.

Posted by: Hank at July 08, 2015 02:05 PM (IIAlb)

395 369 By all means buy rabbits.
Posted by: Daffy Duck at July 08, 2015 01:58 PM (W5DcG)

But watch 'em carefully, and keep an oar handy!

Posted by: Jimmy Carter at July 08, 2015 02:05 PM (oKE6c)

396 Nood.

Posted by: BackwardsBoy, who did not vote for this sh1t at July 08, 2015 02:05 PM (eEb+d)

397 361
Buy rabbits. Good source of food and if needed, they can breed quickly
and make even more food. And they don't take up a lot of space.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:53 PM (0LHZx)

Rabbits are everywhere here. They might have turlaremia though. All sales are final.

Posted by: schizoid's rabbit emporium at July 08, 2015 02:06 PM (OS9x2)

398 Which serves again to prove what a fucking know nothing you are.
The point isn't to have it immediately post-collapse. It's to have during rebuilding when trade restarts.
Posted by: Country Singer at July 08, 2015 02:01 PM (8hctH)

__________

Oh so trade is good? Hmmm. Interesting.

Posted by: HUCK / AKIN 2016 at July 08, 2015 02:06 PM (0LHZx)

399 So, in the end times, does anyone do well or are the Lefties going to screw everyone equally?

taken from a commenter on the interwebz

"You will get no credit for being the first or last person to have an opinion on the Confederate flag. You will get no credit for welcoming or blocking illegals inside the country. If you are 1% less Leftists than Party Secretary Obama, you will be treated as if you were Party Secretary Obama's sworn mortal enemy. You are/will be targeted by The Left no matter what so you might as well fight back and take some of them out before you're gone.

Being "the last Jew to understand where the cattle cars are headed" isn't something to be proud about."

Posted by: McCool at July 08, 2015 02:06 PM (nCSwS)

400 Isn't rabbit starvation caused because of lack of fat/carbs in the diet?

If the economy goes into depression, you'll still be able to get potato, pasta, bread - cheap foods. Instead of Mad Max, think of the old show Sanford and Son for how our lives might be. Rabbits would provide protein to supplement cheap foods like rice.

Posted by: Old Hob at July 08, 2015 02:06 PM (NBhge)

401 Rabbits are pretty good for a steady supply of meat and pelts, but I wouldn't rely on them too heavily because you have to have feed for them. Chickens are more self reliant, they'll eat whatever is around and require less feed. Eggs store better than meat, too, and people can always use feathers.

Posted by: Christopher Taylor at July 08, 2015 02:07 PM (39g3+)

402 The collapse won't be like The Road or Mad Max. It will be like 1931 only a little bit worse. By the way, a lot of people made a lot money at that time.
Posted by: Cruzinator at July 08, 2015 02:01 PM (4SgJh)

----

No ..... Itll be ALOT worse.

In 1931 over HALF if the countrys population lived in the rural areas and was engaged in agricultural production.

Today.... that number is about 5%. Everybody eats from restraunts and grocery stores that practice just in time inventory.... and most pay with debit cards/charge/checks. Nobody cans anymore, nobody has a food store. Nobody owns their own water wells.

If technology halted today.... there is three days of foodstuffs in the pipeline. After that....... you ARE going to be living in Thunderdome.

Posted by: fixerupper at July 08, 2015 02:07 PM (8XRCm)

403 Rabbits are everywhere here. They might have turlaremia though. All sales are final.

Posted by: schizoid's rabbit emporium at July 08, 2015 02:06 PM (OS9x2)

They prefer to be called "Conine-Americans."

Posted by: Jay Guevara at July 08, 2015 02:07 PM (oKE6c)

404 Oh yeah lots of people made money in the 30s. People
who had cash bought shit at rock bottom prices. Key word: cash, ie not
gold.

Posted by: HUCK / AKIN 2016

Gold was confiscated. So, yeah.

Posted by: Moderate Salami at July 08, 2015 02:07 PM (/Ho8c)

405 Oh, victory.

NYSE says market will be open for close in 23 minutes.

Posted by: Methos at July 08, 2015 02:07 PM (ZbV+0)

406 Oh yeah lots of people made money in the 30s. People who had cash bought shit at rock bottom prices. Key word: cash, ie not gold.
Posted by: HUCK / AKIN 2016 at July 08, 2015 02:05 PM (0LHZx)

Sure, when they weren't wallpapering their houses with their worthless money, at least in Germany/Austria/hungary.

Link to Ferfal's blog in nic.
Posted by: Moderate Salami at July 08, 2015 02:03 PM (/Ho8c)

Thanks.

Posted by: Lea at July 08, 2015 02:09 PM (lIU4e)

407 I think the only thing we can be sure of is that the next crash will be worse than the Great Depression. Back then we were pretty agrarian and could find food and migrant work. The population was still largely made up of can-do people who actually knew many practical skills and trades.

Today? People freak out when they can't find wi fi and think meat comes from a sandwich. And it took several years for things to get really bad in the great depression. It will take a matter of weeks, if months, for things to go horrible next time. God save us from it, even if we deserve it.

Posted by: Christopher Taylor at July 08, 2015 02:09 PM (39g3+)

408 I'm 100% absolutely certain of it. Something specific triggered it at that very moment when it was so totally convenient for Barack Obama and the Democrats. And Soros is the most likely person.

Same here. Been saying it for years. The timing was perfect for the (D)Marxists.

The PALIN ticket was overtaking teh Anointed One and was already polling a point or two ahead in a few polls.

Bam! C-ya.

I remember the press conference Bush had. He looked seriously stunned. They were completely blindsided.

Posted by: 98ZJUSMC Staring at the Lake in the rain at July 08, 2015 02:10 PM (CFcIt)

409 When the world runs out of rabbits it will have kittehs to fall back on.

I'm fixin' up a batch of Kitteh Creole as we speak.

Posted by: Hank at July 08, 2015 02:10 PM (IIAlb)

410 If the economy goes into depression, you'll still be able to get potato, pasta, bread - cheap foods.

I realize the thread has moved on, but the problem here is that everybody is planning for different bad scenarios. Hyperinflation vs. depression vs. the thunderdom/supply shutoff. All of them have different solutions.

Posted by: Lea at July 08, 2015 02:11 PM (lIU4e)

411 But that's different than the doomsday scenarios everyone here is talking about. You all are talking about Mad Max Land, not Argentina hyperinflation.

Posted by: HUCK / AKIN 2016 at July 08, 2015 01:58 PM (0LHZx)

It all starts as Argentina-style hyperinflation, then goes downhill from there.

Gold will be useful to bribe your way out of the country, and into a safe haven.

Posted by: Alberta Oil Peon at July 08, 2015 02:11 PM (S+A/T)

412 Kevin Williamson's 4 AM rants make more sense than mine but we agree about why the left celebrates economic crashes.

http://bit.ly/1KTMl5b

Posted by: MTF at July 08, 2015 02:11 PM (DkJ4E)

413 Never hear of rabbit starvation??? Dumb ass city kids.

Posted by: fixerupper
--------------------------------
Look in the mirror fella.

Rabbit starvation happens when one is consuming a diet from wild hare where there is extremely low fat content. Domestic rabbit does not have a starvation problem -- http://www.azrabbits.com/useful-information/nutrition.html. The lone issue with rabbit meat is the low cholesterol count. But that can be easily compensated for thru either frying the meat or consuming some oils with a salad.

Posted by: DrDog at July 08, 2015 02:17 PM (ZVUS/)

414 Can't wait for the executions of executives that sold their stock in defiance of the People's command. Should be educational.

Posted by: Super Creepy Eric Hoteham at July 08, 2015 02:21 PM (oDCMR)

415 Firearms and ammo will be currency as well.

Posted by: Tilikum Killer Assault Whale at July 08, 2015 02:22 PM (LWWrf)

416 Ace, I'm in Canada, went to a bar with a co-worker who I hadn't seen or talked to insix months, and we talked #IL18. Don't underestimate your impact.

Posted by: Lurker Primus at July 08, 2015 02:24 PM (tHP3B)

417 Gold will be useful to bribe your way out of the country, and into a safe haven.

Where's that, though?

Posted by: HR braucht ein Bier at July 08, 2015 02:26 PM (ZKzrr)

418

It would be absurd to think that wealthy Chinese are not heavily invested in U.S. equities. If the government forbids the selling of large positions in the domestic market, strapped investors may start to dump stock here in order to be liquid. That could easily spiral out of control.

Posted by: Jackie Chan at July 08, 2015 02:27 PM (83IN3)

419 Key word: cash, ie not gold.

Posted by: HUCK / AKIN 2016 at July 08, 2015 02:05 PM (0LHZx)
------------------------------------------Jeeeez. I hate to point out the obvious, but back then the USD was on the gold standard. The notes had the little blue treasury seal, not the red one today, and were fully redeemable at any federal chartered bank for gold specie. Back then the 'cash' as you call it was a proxy for a relevant qty of gold.
Our little red sealed USD's are nothing but a wing and a prayer.
Nice try tho'.

Posted by: DrDog at July 08, 2015 02:27 PM (ZVUS/)

420 Better sell everything before the government makes selling illegal!

Posted by: Jay at July 08, 2015 02:27 PM (8oCSY)

421 Where's that, though?

Second star to the right, then on 'til morning.

Posted by: Methos at July 08, 2015 02:28 PM (ZbV+0)

422 "Yes, by all means, 'invest' by 'owning' shit in a communist country." I'm not talking investing. I'm talking speculation: risky timed transactions, not buy-and-hold. I don't want to own China, just trade it, and make money.

Posted by: gp at July 08, 2015 02:37 PM (+Jpqc)

423 And since the majority of the manufactured goods stocking U.S. store shelves comes from China: what happens in the short-term if Chinese factories stop producing stuff? Yeah, bad stuff.

Posted by: Stu-22 at July 08, 2015 02:39 PM (RMOpc)

424 "312: Economists like Friedman are like the scientists in Jurassic park who
thought they control forces beyond their control. They were self
deluded, egotistical fools who were eaten by their own creation."

You just described 99% of Washington.

Posted by: another fred at July 08, 2015 02:51 PM (o2Z7Y)

425 When I go to the store I buy some Whiskey, someone will want to trade for whiskey for some food. I asked before and somebody here said Vodka does not store well

Posted by: Patrick from Ohio at July 08, 2015 02:59 PM (c4yY7)

426 I work for a Chinese company (not a company with factories in China, but an actually Chinese company) and have been telling people for the last five years that this was going to happen. They all laughed, because bubbleheads on TV were so China-crazed and buying the BS. They fretted about China's "super power" status, even as I laid out all the reasons (and the real estate market is just one) of WHY China could not and would not be able to continue. They've been playing a shell game on the world stage, using their "ancient history" and "long view" reputation to keep pushing that edge a little further, knowing everyone else would eat it up with a spoon and ask for more.

It was/is inevitable, easily predicted if you swept aside the talking points and looked at actual information.

I do wonder if I'm still going to have a job now, though. . . .

Posted by: Biblio at July 08, 2015 03:01 PM (7o8VY)

427 389 BTW, Top Men, do you have a good book recommendation on the Argentinian crisis?

Posted by: Lea

Link to Ferfal's blog in nic.
Posted by: Moderate Salami at July 08, 2015 02:03 PM (/Ho8c)

I have his book but does he have a Kindle version?

Posted by: Patrick from Ohio at July 08, 2015 03:04 PM (c4yY7)

428 For his next trick, Obama will 'splain how Bush caused the whole mess.

Posted by: Ray Van Dune at July 08, 2015 03:05 PM (eHyZs)

429 Friedman's latest - yesterday's NYT, I think - is also classic. Obama is a centrist and only Democrats are trying to help the country, the GOP is the "party of no."

He stopped short of calling for the confiscation of all wealth except his (well, technically it's his wife's but as John Kerry knows, shi'ite happens), but you know he wanted to.

Posted by: Adjoran at July 08, 2015 03:34 PM (QIQ6j)

430 pointsandfigures.com for a chart of $FXI and $SPY. Amazing how their market bubbled.

Posted by: Jeffrey Carter (@pointsnfigures) at July 08, 2015 04:01 PM (LnE5F)

431 I would buy FXI cautiously below 31, and I would bet the whole f%cking farm below 22. China is opaque and corrupt, so technicals are probably your best tool. I like candlesticks.

Posted by: gp at July 08, 2015 05:56 PM (mk9aG)

432 It is not my fault! My modem did not have a warning label on it telling me the info on the internet has not been vetted.

My world is not flat after all...Someone vet me....vet me!

Posted by: Tom Friedman at July 08, 2015 06:37 PM (q52Ma)

433 China is fine. Moe told Curly to fetch the economic water-letter-outer.

Posted by: Roy at July 15, 2015 10:59 PM (fWLrt)

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