Karl Denninger: I Am Very Close to Bugging Out

Got the direct link? (other than the one posted)

Got the direct link? (other than the one posted)

Got the direct link? (other than the one posted)

[link to market-ticker.org]

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

The same douchebag who calls 911 truthers terrorist??? f- him and his jewish brethren!

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

The same douchebag who calls 911 truthers terrorist??? f- him and his jewish brethren!

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

The same douchebag who calls 911 truthers terrorist??? f- him and his jewish brethren!

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

The same douchebag who calls 911 truthers terrorist??? f- him and his jewish brethren!


Yeah, he is a douche about 9-11. It'll get you an autoban on his board.

He's also anti-precious metals. I once asked Jim Willie (who hates Denninger) why he thought Karl was so anti-PM and WIllie said it's because PM's aren't "sexy" enough for him - he's a trader, that's exciting and PM's are not "exciting." LOL

But, it is significant if he's starting to see the handwriting on the wall, because all his cash he earns from trading won't be worth much of anything at all with what is coming if he doesn't convert it to PM's.

Otherwise, Denninger is brilliant and is doing an invaluable service to the public by documenting all the fraud.

Got the direct link? (other than the one posted)

[link to market-ticker.org]


Try this link

[link to market-ticker.org]

The same douchebag who calls 911 truthers terrorist??? f- him and his jewish brethren!


Yeah, he is a douche about 9-11. It'll get you an autoban on his board.

He's also anti-precious metals. I once asked Jim Willie (who hates Denninger) why he thought Karl was so anti-PM and WIllie said it's because PM's aren't "sexy" enough for him - he's a trader, that's exciting and PM's are not "exciting." LOL

But, it is significant if he's starting to see the handwriting on the wall, because all his cash he earns from trading won't be worth much of anything at all with what is coming if he doesn't convert it to PM's.

Otherwise, Denninger is brilliant and is doing an invaluable service to the public by documenting all the fraud.

Why KD?

The market is doing exactly what it should.
There is no government intervention or PPT.

Oh yeah, gold and silver are bad investments too.

close to bug-out"
For those that don't follow Karl Denninger, let me help flesh out the situation.

Karl has for a very long time (as long as I've been reading him, a good three
years now I'd guess) been saying that the government needs to step up and
prosecute and stop the fraud and make people accountable and end the Too Big To
Fail, etc. He has NEVER EVER supported precious metals being a good idea,
because over time, stocks have ALWAYS done better. Being at the end of a
multi-generational cycle (maybe hundreds of years long) where that 'truth' is no
longer dependable, has him now rethinking his position. Well, he's now gone
beyond that. Well beyond that, into territory that should, given his background,
scare the crap out of everyone.


For a guy like this to see the graffiti on the wall, and to know that there is
no escape, should scare the crap out people. This is the most earth shaking
thing I've read from him ever.


This quote in the comments thread just about says everything you need to know:


Karl: "I am getting very close to going "bug-out", converting all to tangible
value items, and deciding that right or wrong, I'm gonna live it out where I
don't care.


go to url for full text

[link to 74.39.184.126]

Why KD?

The market is doing exactly what it should.
There is no government intervention or PPT.

Oh yeah, gold and silver are bad investments too.

Yeah, he is a douche about 9-11. It'll get you an autoban on his board.

He's also anti-precious metals. I once asked Jim Willie (who hates Denninger) why he thought Karl was so anti-PM and WIllie said it's because PM's aren't "sexy" enough for him - he's a trader, that's exciting and PM's are not "exciting." LOL

But, it is significant if he's starting to see the handwriting on the wall, because all his cash he earns from trading won't be worth much of anything at all with what is coming if he doesn't convert it to PM's.

Otherwise, Denninger is brilliant and is doing an invaluable service to the public by documenting all the fraud.

Denninger explained it many times why precious metals in a real TOTAL COLLAPSE of the US economy are worthless.

The US government will just confiscate it, or issue a new currency... and once you transfer from gold to the new currency, they will tax the hell out of you... and basically render your gold worthless.

Not to mention, in a real collapse scenario, if there's no food, there's no food/fuel, doesn't matter if you have gold or not.

Denniger says buy land, food, ammo and gun before buying precious metals... and I agree with him....

This is an EXTREMELY important comment from the OP's original disccusion link:

"Karl Denniger has posted 4 pages worth of blog posts today -- more in ~8 hours than he usually does in a week or two.

This story is moving very quickly and is getting scarier and scarier every day as more information comes out, mostly through court filings. There are some very sharp independent analysts - Karl, Reggie Middleton, Yves at Naked Capitolism, Jim Willie, Jim Sinclair, Janet Tavakoli, etc that are following this very closely.

Expect this story to slowly build. We probably have ~3 weeks until after the election. For three weeks, it will be covered up to the maximum extent possible. Media coverage will mostly be in the alternative media, the finance blogs, and the finance press (e.g. Bloomberg; Fox Business News, CNBC). Expect the politicians and main stream media (including the main Fox channel) to downplay the mess and focus on the paperwork problems NOT the REMIC / fraud problems.

The paperwork mess is bad and will cost the banks tens of billions in the attorney and accountant full employment act of 2010. It will convert millions of mortgages into unsecured debts that will have low collectability. Note that after accounting for transaction costs, most banks are currently only collecting 5% to 10% of the value owed today with the ability to foreclose. Expect this figure to drop in the several % range.

The REMICs will cost them trillions of dollars as essentially all mortgage backed securities including 100% of Fannie/Freddie debt and all non-GSE MBS debt will be pushed back to the banks. This will trigger a bank holiday as every major bank -- Bank of America, JP Morgan Chase, Citigroup, PNC, Wells Fargo, etc instantly go boom and become FDIC takeovers. Once this mess starts rolling after the election, I do not know if they can push the coming bank holiday and collapse into 2011. Maybe but assume not. Keep in mind that if more than one of these "Too Big to Fail" banks implode, they will take down most of the rest in hours or days. Think a nuclear chain reaction. I do not see how a bank holiday could be avoided (either a complete closure or partial one with limited withdrawals) as it would take many days (probably weeks) to sort through the mess. These are not close the bank on Friday night and reopen under a new name on Monday morning FDIC takeovers - these are multiple orders of magnitude more complex.

This will cause hyperinflation. Last month, John Williams of Shadowstats predicted that the likely time horizon was in 6-9 months (March to June 2011). This mess will likely move the timing forward a few months.

Personally, I would keep minimal cash in ANY bank and would particularly avoid the large ones. I would keep significant cash, including enough to pay your next two property tax bills (our county tax is due in June and December of each year). Don't be surprised to see large numbers of tax foreclosures by cash strapped local governments next year for non-payment of property taxes - the exact same thing happened in 1932 with the bank holiday then -- this is why you want enough cash for the next year of property taxes due. Beyond that, invest in tangibles. Start with 1+ year of food and all consumables you use in a year. Be prepared for the loss of grid utilities (electricity, water, natural gas). Then invest in gold and silver.

Dr. Richard"