Saturday
Jul162011
Chris Whalen: "Geithner Is Wrong! There Is No Downside To Not Raising The Debt Ceiling" (Video)
Video - Chris Whalen on Tech Ticker - June 6, 2011
A lonely voice of sanity from the world's best independent banking analyst.
Why Congress should vote no on raising the debt ceiling...
- "My view is that Congress should vote down any debt ceiling measure unless President Obama agrees to sign the balanced budget amendment. Even if Secretary Geithner has to run the US government on cash, like the good people of Iceland and Ireland today, it will be a good thing for America's political debate to default — at least for a few weeks. Then people will know that the once unthinkable is very possible."
More from Chris at Reuters:
Default, debt ceilings and democracy...
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And from the wayback machine, in 1992 Chris wrote...
Learn To Love A U.S. Debt Default: It Could Be The BEST Thing That Ever Happened To This Country
Reader Comments (32)
http://www.zerohedge.com/article/hillary-clinton-seeks-run-world-bank
[snip]
Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said Thursday.
john...as you probably know, the hillary to the world bank is likely a false story...zh jumped the gun on that one...
Big Trouble for Big Banks: “It’s a Good Time to Be Cautious,” IRA’s Chris Whalen Says
http://finance.yahoo.com/blogs/daily-ticker/big-trouble-big-banks-good-time-cautious-ira-184354316.html
http://www.reuters.com/article/2011/06/09/us-obama-clinton-worldbank-idUSTRE7586P720110609
[snip]
A spokesman for Clinton, Philippe Reines, denied Clinton wanted the job, had conversations with the White House about it or would accept it.
People familiar with the situation, told of the denials from the White House and State Department, reaffirmed the accuracy of the report.
Revelations of the discussions could hurt Clinton's efforts as America's top diplomat if she is seen as a lame duck in the job at a time of great foreign policy challenges for the Obama administration.
Under normal circumstances, names of potential candidates for the World Bank would not surface more than a year before the post becomes vacant. But the timing of the discussions is not unusual this year given the sudden opening of the top job at the bank's sister organization, the IMF, after Dominique Strauss-Kahn's resignation following his arrest on charges of sexually assaulting a hotel maid in New York.
Comment: I am with Reuters on this one. Waiting for Mcclatchey to weigh in on it but am willing to eat my hat if this is a bust.
http://www.americanfreepress.net/html/fort_knox_conundrum__208.html
In October 2009, China reportedly received a large shipment of gold, containing some 6,000 bars, weighing 400 ounces each. When it was received, the Chinese government asked that tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holes were drilled into the bars, and the metal was analyzed. Officials were shocked to find the bars were bogus. They contained cores of tungsten, with only an outer coating of real gold.
Hey, for the wifey...
http://www.skinnybitch.net/
http://www.canadafreepress.com/index.php/article/31661
[snip]
Dominique Strauss-Kahn
Dominique Strauss-Kahn was a member of the French National Assembly, is a member of the Clinton Global Initiative, and the managing director at the International Monetary Fund.
Note: Member of the Clinton Global Initiative..................
http://www.clintonglobalinitiative.org/membership/membership_notable.asp?Section=Membership&PageTitle=Notable%20Members
The Distinguished Gentleman
http://www.youtube.com/watch?v=FTsd3VUAiYg
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Exactly. It will NEVER happen. Nice movie clip. I might have to post it.
http://www.businessinsider.com/costs-of-war-charts-2011-6
1) Stop the engine so it isn't ruined by lack of oil or overheating (Or stop and get off the horse if it is going lame.)
Take stock in what is available.
2) Realize that the bus was designed to fail and promise to yourself that you will see that the shop who the mechanics on board see sabotaged the bus is fined and jailed for reckless endangerment.
3) Notice that another certified mechanic happening by has enough room for all passengers, though some baggage will have to stay for a later pickup. Realizing that to stay is to die of thirst. And those vultures can eat.
Folks, I am already out of the bus and headed for the certified mechanics car. The faster we get back, the more of our stuff will be conserved.
I just found all the WMDs.
http://www.reuters.com/article/2011/07/12/us-pakistan-usa-minister-idUSTRE76B1YP20110712
http://www.bloomberg.com/news/2011-07-12/fed-officials-divided-on-further-stimulus-if-u-s-economy-remains-weak.html
http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm?iid=Lead
Don't piss off millions of OLD CODGERS Excuse me, BABY BOOMERS.
http://www.latimes.com/news/nationworld/nation/la-na-debt-talks-20110713,0,3527529.story
Obama: No guarantee on Aug. Soc. Security ...
3 hrs ago - AP 1:26 | 1,072 views
In an interview with CBS Tuesday, President Barack Obama seemed to back off his unequivocal assurances that the debt ceiling would be raised, thus avoiding a first-ever default. (July 12)
http://news.yahoo.com/video/us-15749625/obama-no-guarantee-on-aug-soc-security-checks-25926041.html
On the other end the outrage in this video appears genuine (to some degree if that possible) but certainly passionate. I just am in a spell if you will over why in gods name of all that would be sacrificed it would be that. I say this as a former CPR Instructor for almost 20 years... If you cannot breath you CANNOT give CPR.
Having said that it is either a Frontal Lobe issue or perhaps a serious cover up???.... making this decision as they are during such a time for everyone. Here is the other article and video I found. I hope you'll find them interesting.
Fury on the right as McConnell outlines new plan for Obama to raise debt ceiling
http://news.yahoo.com/blogs/ticket/fury-mcconnell-outlines-plan-obama-raise-debt-ceiling-204213811.html (Article with Video)
http://news.yahoo.com/video/us-15749625/25924034 (Video)