"We Hate You..."

Things are looking really ugly.

The whole world is forced to examine and/or invent other options as our political and elite class piss it all away. We are driving them to innovation.

Update: I must correct. We are not driving them to "innovation" we are driving them back to sanity and adherence to natural law. The suicidal crap that we have engaged in has been sold as "innovative".

“Except for US Treasuries, what can you hold?” he asked. “Gold? You don’t hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option.”


“We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.”

...

The Alternate-Dollar Nightmare

"The Number One vulnerability is the dollar itself," Rickards concluded. "We're printing them and shoving them out the door, and the Fed is basically out of bullets. So why hasn't the dollar collapsed? The short answer is, global investors don't have any other choice." That is, there simply aren't enough Euro- or Yen-backed securities for investors to shift their money out of dollars and into some other currency.

But what if some kind of global coalition -- say a trillion-dollar sovereign wealth fund allied with several countries around the world -- banded together to create a gold-backed alternative to the dollar?

Rickards says investors -- many of whom already resent that they have no alternative to the dollar -- would sell American currency in huge numbers to take advantage of the new opportunity. "If that happens, that's the end of the dollar," Rickards said. "You'd have high unemployment, deflation, and interest rates would go up. It would take what already looks like a strong recession and make it a Great Depression or worse."

Update:

It has altered our very language:

An international mathematics research team announced today that they had discovered a new integer that surpasses any previously known value “by a totally mindblowing shitload.” Project director Yujin Xiao of Stanford University said the theoretical number, dubbed a “stimulus,” could lead to breakthroughs in fields as diverse as astrophysics, quantum mechanics, and Chicago asphalt contracting.