We want to give our Thanks to you, the Wonkette readers, on this last publishing day before our one-day bank holiday. Earlier, Ken shared a beautiful, warm ‘n’ fuzzy YouTube poem with you, and now it is your male associate editor’s turn. Click the “MORE” thing for a magical, escapist treat that celebrates America and, more importantly, the Pilgrims, whom we honor every year because one night, several hundred years ago, they invited the savages over to their condo for a big dinner. CLICK 4 FUN —>
A Children’s Treasury Of Apocalyptic Economic Wonkery Relating To Currency And Public Debt(!)
- Nouriel “Dr. Doom” Roubini: “Desperate times and desperate economic news require desperate policy actions … The Treasury will be issuing in the next two years about $2 trillion of additional debt … These policies – however partially necessary – will eventually leads to much higher real interest rates on the public debt and weaken the US dollar once this tsunami of implicit and explicit public liabilities and monetary debt driven by rising twin fiscal and current account deficits will hit a world where the global supply of savings is shrinking – as most countries moves to fiscal deficits thus reducing global savings – and foreign investors start to ponder the long term sustainability of the US domestic and external liabilities.
- Willem Buiter: “Getting banks to lend again is even more essential than getting primary and secondary markets for illiquid structured financial products going again. It may be even more important than getting the regular commercial paper market going again, important though that is. Small and medium enterprises rely overwhelmingly on banks for external finance. Without access to bank loans, credit lines and overdraft facilities, countless SMEs that would be perfectly viable with a functional financial and banking system are threatened with bankruptcy. Without working capital, businesses go out of business. Banks are essential. But they are not lending. Why?”
- [This one is hilarious -- Ed.] Ian Welsh: “The influx of money into the US to buy treasuries has been the cause of the dollar soaring. Money will have to continue to flood into the United States to fund this, and will likewise need to gush over to Europe, Japan, Korea and other countries who are throwing money at the financial crisis. This is going to be a very Darwinian period, and it’s going to cause a lot of countries on the periphery, including most of Africa, South America and good chunks of Asia, to shake apart. All that money coming into the 1st world will mean no money for them. Combine that with a complete crash in commodities prices and they will be starved for hard currency. Since most of these nations are not able to feed themselves, this will mean famines, starvation, food riots and fallen governments. Of immediate concern to the US, barring massive US help, I would expect that Mexico will slip into indisputable anarchy in large areas of the country within a year or so.”
Meh, boring.
Here’s a video of Daft Punk doing some nasty robot shit at Coachella ’06:
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…barring massive US help, I would expect that Mexico will slip into indisputable anarchy in large areas of the country within a year or so.
Santa, I want an assault rifle for Christmas/self-defense.
Damn, I wanna be at that show.
Daft Punk should be the opening act at the first State of the Union.
[re=186866]BillyClubb[/re]: Santa sez you are in luck Billy, you local gun retailers are offering many NObama sales so you can stock up for the apocalypse. AKs for everybody!
The turkey iz us!
(global financial crisis wreaking havoc) around the world (global financial crisis wreaking havoc) around the world (global financial crisis wreaking havoc) around the world (global financial crisis wreaking havoc) around the world (global financial crisis wreaking havoc) around the world (global financial crisis wreaking havoc) around the world
Is Buiter pronounced “Biter” or “Bitter”? Either way, it’s funny! (Less so than John Boner, but the drinkin’s begun around here).
[re=186879]Vanity Smurf[/re]: And on the bright side, they say an armed society is a polite society.
Homeowner: “Get off my lawn, kid!”
Kid: “Yes, sirrrrr!”
[re=186882]Dildo Baggins[/re]: I always thought it was “Booeeter”
Yup, time to get the plywood up on the windows. There was a big sign outside the Home Depot today: APOCALYPSE SALE–EVERYTHING MUST GO! I wonder if I can still get one of those Home Depot credit cards…
“Banks are essential. But they are not lending. Why?”…
precisely for the ‘unimportant’ reasons Buiter listed..
what an idiot..
[re=186884]jagorev[/re]: Or Bweeter, if you like.
And you know, Jimmy, you’re making me feel all warm and fuzzy. For awhile I’ve had this dream of going over to Korea, Malaysia or the Philippines with a couple thousand bucks and contracting with some sweatshop/factory to knock out a hundred or so prototypes of my very cool electric guitars I’ve been designing and building as a hobby for the last 10 years or so; in order to start my own line. Since I can’t afford to gear up for that kind production here in the US (labor, licensing, insurance, blah blah blah) contracting with some Asian factory always seemed to be the plan.
Maybe now I’ll just save up a few thousand more and go over and buy the whole damn factory.
The ‘murican dream lives; this is what you’re telling me.
Yay! Mix looming international tensions and fizkall failure in with the family dysfunction and gluttony for the bestest Thanksgiving evah!
Speaking of “nasty robot shit,” yesterday was the 30th anniversary of Survival Resarch Laboratories. I was sorta hoping to see a battle between a giant robot with a flame thrower and a giant robot covered in bibles.
Also, the last quote about third world countries getting rattled to pieces ’cause nobody gives them money — we don’t have to worry about that, right? I mean, the odds of something coming out of one of those horribly impoverished countries like — oh, Afghanistan? — and hurting us are probably miniscule, right? Because I need to go clear some brush right now.
Indisputable AnarKy is the name of my new band.
@ Wookies: “a battle between a giant GAY robot with a flame thrower and a giant robot covered in bibles.
[/fixed]
[re=186866]BillyClubb[/re]: You’ll shoot your eye out kid.
Will there be nudity?
Will Not View! No way I’m falling for your dastardly rickrolling vids, Newell.
What we need more of is robots.
Thanksgiving? A pre-apéritif exchange of gifts at The Stonewall.
I think they were the warmup band for Air Supply on the North Dakota leg of its big reunion tour. They were called Dank Spunk back then, but they were every bit as robotic.
Robots make the worst investors as they focus on technicals and ignore the fundamentals. Technical traders are probably still rubbing their asses as the “bailouts” were timed to cream anyone on a leading edge trend.
Can anyone say “insider trading?” How about insider trading so insidious it makes Milliken look like milk?
Say, Hank, I’ve got a couple hundred of billion dollars. What say I start a rally when all the economic indicators are down? Sure will screw them doggone short sellers! Ha! I get a stiffy just thinkin’ about it!
Housing starts? Shoot.Just ply that bailout money! Housing prices? Boy howdy! Let’s buy more stocks! GDP down? Well, rip roaring, saddle busting hell. Buy. buy, buy! Taint my money!
Suckers!
Happy Thanksgiving.
[re=186881]Keram2[/re]: I just saw an ambulance pull up to the Taj Hotel with an A.I.G. logo on the back door. Globalism.
[re=186943]numbersix[/re]: To repeat, “Klaatu barada nikto.”
[re=186881]Keram2[/re]: History does not repeat itself. It merely rhymes.
Goodbye to you. http://www.youtube.com/watch?v=9no2JbeFPjo
[re=186971]Constitutional Riots[/re]: Amusing.
happy thanksgiving bitches. hope your livers don’t atrophy.
Dr. Doom is so hot.
Especially when he starts talking about the insurance and swaps and toxic paper, yummm!
[re=186971]Constitutional Riots[/re]: On a contractual basis, AIG does triage for some of the hospitals. Due to short-staffing and budget inadequacies, insurance adjusters are doing most of the work. They total every claimant who can’t outrun ‘em.
I’d never seen an ambulance with a compactor on the back.
Beware Native Americans! Those witches are trying to work their wizardry by spreading disease on your cloaks! Retreat and defend Manhattan and its sumptuous chowder of clam!
Haha, Jim… “your male associate editor’s turn”… or is it just the “ass” part…Ken is so going to swat you….girlfight girlfight…!
tl/dr .. but i’m thankful you reminded me of that daft punk set. i was at that show, bitches. it was teh awesome
Who are these “Pilgrims” of whom you speak?
http://hispanic7.com/thanksgiving_legacy_belongs_to_hispanic_americans.htm
Mr. Willem Butler, “illiquid”?! Do not speak in terms nobody can understand when you’re talkin’ ’bout munny, mister sir.
[re=186866]BillyClubb[/re]: Spring Break ’09 in Cancun or Cabo!
Just think of the lower prices relative to the dollar that social chaos and anarchy will cause…
Are you calling K street soviet????
bc yeah, its totally socielest not that b. hussein obama is in power!
Needs the “nasty robot shit” tag
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