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Keyword: denninger

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  • Karl Denninger-Only Way Out is Stop Lawlessness Top to Bottom

    07/31/2016 1:14:55 PM PDT · by Jack Hydrazine · 16 replies
    GoogTube ^ | 31JUL2016 | Greg Hunter
    The latest is called “America is Doomed Without Restoring the Rule of Law-Karl Denninger.” Trader and entrepreneur Karl Denninger has a dire warning. He basically says if there is lawlessness at the top of society, there will be lawlessness at the bottom. Denninger, who is so distraught he has suspended writing on his popular website, explains, “It is illegal for any entity with market power or anybody else to price fix. It is illegal to price commodities of like, mind and quantity in the market place. That is a federal law, and violations of these laws are not civil affairs,...

    07/05/2016 7:05:16 AM PDT · by SatinDoll · 34 replies
    The Market-Ticker ^ | July 5, 2016 | Karl Denninger
    EmailGate is very, very bad. The mere presence of SAP material on her "private" email server is a federal offense -- and should be. Sometimes described as "above top secret" these programs are no-BS "need to know" and you must be read into each one individually, then you must access whatever material is involved in a secured facility from which that material may not leave. There is no such thing as "having access to them" on a general basis, no matter who you are. These programs typically deal with human intelligence of some form -- an agent on the ground...
  • Facebook AND Google: Eff Em Folks-Karl Denninger (Google's "doodle" for today.)

    05/19/2016 2:14:47 PM PDT · by dynachrome · 16 replies ^ | 5-19-16 | Karl Denninger
    That's Google's "doodle" for today. Do you have any idea who that is? That's Yuri Kochiyama, a Japanese-American. It's apparently her 95th birthday. Ok. By the way, she's a black separatist -- even though she's not black. That's right, she stands for blatant, in-you-face discrimination by black people against everyone who isn't black. She has been influenced by (and met) Malcolm X. Yes, that Malcolm X. Oh, and she engaged in taking over the Statute of Liberty to demand the release of four extremists who opened fire in the US House of Representatives. (Incidentally, Carter later pardoned them; you see,...
  • The Screamfest Aimed At Trump

    05/10/2016 7:18:01 AM PDT · by SatinDoll · 12 replies
    The Market-Ticker ^ | May 10, 2016 | Karl Denninger
    "Donald Trump's Economic Plans Would Destroy the US Economy!" screams the headline in The Atlantic. Of course to go with the headline they find a very unflattering picture.... I do give The Atlantic one bit of credit: They didn't bury the lede. "I've borrowed knowing that you can pay back with discounts," he told CNBC. "I would borrow knowing that if the economy crashed, you could make a deal.” "This policy would be so disastrous that even its suggestion is dangerous." Oh really? The article goes on to say that suggesting that one might haircut the debt would collapse markets...
  • Oh, It's Not A Racket? (Pharmacology)

    05/09/2016 7:13:29 AM PDT · by SatinDoll · 87 replies
    The Market-Ticker ^ | May 9, 2016 | Karl Denninger
    Oh yes it is. "My parents were just vacationing in Europe (they go often so they're aware of how stuff works). My mom is diabetic and had a shortage of insulin while in France, they went to the drugstore and she showed the bottle of Humalog which is what she uses in the United States and the price in the United States is around $240 a bottle which is charged to her Medicare and insurance and can only be prescribed by her doctor." "The pharmacist recognized the bottle and without having to go to a doctor sold her a bottle...
  • Cruz's Hemlock Beverage Served To The GOP

    05/02/2016 10:41:56 AM PDT · by SatinDoll · 28 replies
    The Market-Ticker ^ | May 2, 2016 | Karl Denninger
    Cruz is at it again. In two states over the weekend Cruz's "ground game" steamrolled state conventions following losses in those state primaries, putting overwhelming majorities of delegates on the state slate that support Ted. In Arizona, for example, Cruz lost by roughly half compared to Trump; 47% to 25% (Kascich got 10% and the rest went to candidates who have dropped out.) How does a political party manage to justify a delegate split that doesn't look like 47-25-10, roughly? Oh sure, such a result might be "legal" under the rules of the party, and further on the first ballot...
  • How Did Cruz Get That Loan?

    03/14/2016 7:56:31 AM PDT · by zek157 · 99 replies ^ | 3/13/16 | Karl Denninger
    Ted Cruz failed to report two loans he received in 2012 for his Senatorial campaign. During the campaign itself he claimed he had liquidated his own personal family wealth to finance the campaign. That was a lie; he in fact got two loans; one from Goldman Sachs and the other from Citibank. His wife works for Goldman. At least one of these loans (the Goldman one) was "secured" by a brokerage account. Some of Cruz's excuses have included that this was allegedly his "retirement" money. Well, if that's true I have some more questions. You can borrow against a 401k...
  • Yet Another of Mexico's Finest

    03/09/2016 8:36:45 AM PST · by SatinDoll · 19 replies
    The Market-Ticker ^ | March 9, 2016 | Karl Denninger
    Paul Ryan, Mitch McConnell, Hillary, Sanders, Obama and Ted Cruz all want more of these people in the country. They are all "one world" folks who believe in no borders and no border security. They lie about their positions when these sort of events happen, but one need only follow the money, all of which leads straight back to places like Goldman Sachs that provided a nice, cushy loan for Cruz (which he failed to disclose as required during his senate campaign) and his wife has a direct connection there through employment. Serrano-Vitorino is accused of murdering four men late...
  • Trump's Medical Plan, By the Numbers

    03/06/2016 8:40:15 AM PST · by yadent · 13 replies
  • So What About 'Trump University'

    03/05/2016 2:23:39 PM PST · by SatinDoll · 46 replies
    The Market-Ticker ^ | March 5, 2016 | Karl Denninger
    It's amusing to watch people latch onto something that they think is full of red meat and beat their heads against the wall pontificating on it, when there's just no "there" there. This is one of those times. Let's take the base argument: Trump University was a "per-se" fraud because it wasn't an accredited school. Ok, fair enough -- and the name was changed to the Trump Entrepreneurship Institute [TEI] following NY State having a hissy fit over the name. But folks -- that's a naming dispute, not a dispute over the substance of the material. Schneiderman has his own...
  • The 10th Inning

    02/26/2016 9:46:42 PM PST · by kiryandil · 56 replies
    The Market Ticker ^ | February 26, 2016 | Karl Denninger
    Last night was quite-amusing.  I met a friend for a brewski and managed to get home in time to catch nearly all of it.You have to sit back with amazement at the complicity of the media in going along with whatever political winds certain parts of a party wish to unfurl their sails into.  In this case it was "Rubio and Cruz attack Trump" night, an agenda that those two candidates declared but the moderators did not have to oblige, ignoring (for the most part) Kascich and Carson while giving all the questions to the other three.They did, however, so-oblige, which simply underlines...
  • So Post Debate, What Happened?

    01/29/2016 9:43:39 AM PST · by SatinDoll · 18 replies
    The Market-Ticker ^ | Jan.29, 2016 | Karl Denninger
    Who won last night's debate? Trump. And he wasn't there. Who lost? Fox News, which led the **debate** with a cheap shot at Trump. Megyn did herself no favors in that regard, and she had better hope that nothing ever disrupts the media oligopoly (a losing bet, IMHO) as if it does she is going to find her best and highest calling in Nevada somewhat outside of Clark County. The program Trump put together, with essentially zero notice, was very nice. It was the best political speechifying and rallying that I've seen since I have been sentient enough to pay...
  • The Ugly Truth Donald Trump Has Exposed

    12/13/2015 2:00:02 PM PST · by SatinDoll · 265 replies
    The Market-Ticker ^ | Dec. 13, 2015 | Karl Denninger
    The fear in both the GOP and Democratic party is visible at the surface when it comes to Trump, and it's not that he's any of what they've accused him of. No, it's really much simpler than that, and both Republican and Democrat parties, along with the mainstream media, are utterly terrified that you, the average American, is going to figure out what underlies all of these institutions in America. No, it's not that they're evil. It's worse, for evil frequently is recognized and fought back yet for decades America has not awakened to what has been going on in...
  • Oops -- The Climate Scammers Lose

    10/06/2015 6:37:43 AM PDT · by eyeamok · 45 replies
    Market-Ticker ^ | 2015-10-06 | Karl Denninger
    A MATHEMATICAL discovery by Perth-based electrical engineer Dr David Evans may change everything about the climate debate, on the eve of the UN climate change conference in Paris next month. A former climate modeller for the Government’s Australian Greenhouse Office, with six degrees in applied mathematics, Dr Evans has unpacked the architecture of the basic climate model which underpins all climate science. He has found that, while the underlying physics of the model is correct, it had been applied incorrectly. He has fixed two errors and the new corrected model finds the climate’s sensitivity to carbon dioxide (CO2) is much...
  • The Answer Is Quite Simple, But Nobody Will Pick Up The Ball

    09/23/2015 8:59:46 AM PDT · by SatinDoll · 49 replies
    The Market-Ticker ^ | Sept. 23, 2015 | Karl Denninger
    C'mon folks, this isn't complicated. Hill used Indian government data on the cost of pharmaceutical ingredients and allowed for a 50-percent profit margin - but no money for investment in research - to work out the costs of producing certain drugs. On this basis, he found that Novartis' leukaemia drug Glivec actually cost $159 for a year's treatment, against the $106,000 charged in the United States. Roche's Tarceva for lung cancer cost $236, against a U.S. price of $79,000, and Novartis' Tykerb cost $4,000 against a price of $74,000. In all these cases the U.S. cost was far above that...
  • Bone-Smoking Nonsense

    08/14/2015 12:16:13 PM PDT · by SatinDoll · 3 replies
    The Market-Ticker ^ | August 14, 2015 | Karl Denninger
    The amusement is strong from this one.... The economy has made great gains and is approaching an acceptable normal. Policy should shortly acknowledge this reality. The Fed took extraordinary policy measures in response to extraordinary economic conditions. Conditions are no longer extraordinary. Compared to earlier in the year, we know a lot more and can shelve some concerns. We appear to be past the most acute concerns of a spillover from Europe. I have more confidence in the resilience of the economy today compared to even a few months ago. I am much less concerned about a reversal of economic...
  • The Choice AHEAD?! (Obamacare or Single-Payer)

    07/06/2015 2:35:21 PM PDT · by SatinDoll · 13 replies
    The Market-Ticker ^ | July 6, 2015 | Karl Denninger
    What? The Supreme Court’s recent blessing of Obamacare has precipitated a rush among the nation’s biggest health insurers to consolidate into two or three behemoths. The result will be good for their shareholders and executives, but bad for the rest of us – who will pay through the nose for the health insurance we need. .... Insurers are seeking rate hikes of 20 to 40 percent for next year because they think they already have enough economic and political clout to get them. ... The alternative is a government-run single payer system – such as is in place in almost...
  • Are You Done Yet? (Obamacare)

    06/16/2015 11:00:45 AM PDT · by SatinDoll · 9 replies
    The Market-Ticker ^ | June 16, 2015 | Karl Denninger
    I'm serious. Are you done yet? Are you ready to grab the wood, the nails, the hammer and the rope? Are you ready to demand that this crap -- all of it in the medical system -- be stopped? All of it -- not some of it, all of it. Monopolist practices, refusal to disclose prices before services are rendered, billing $157 worth of a nutritional supplement out for more than $44,000 and more? WHEN IS YOUR TOLERANCE LIMIT REACHED AMERICA? WHEN? Is it before or after you're financially and personally decimated? Why do you tolerate "Obamacare" or "Medicare" when...
  • What Do You Prep For?

    03/16/2015 4:27:03 PM PDT · by Kartographer · 76 replies
    Market-Ticker ^ | 3/14/15 | Karl Denninger
    One of the more-interesting discussions I've had over the years on a fairly consistent basis deals with the premise of prepping -- usually initiated by someone who's talking about a bug-out location, firearms, (freeze-dried or home-grown) food or (usually) all of the above. Let's dissect this a bit, because the word prepping or prepper describe a lot of different things -- and frankly, the more I hear about some of them the more I nod in approval at some, while smirking at others. I think it's time we have this discussion, particularly given the rather-precarious nature of our global economy...
  • And Now, The Truth (Measles Outbreak)

    02/14/2015 1:04:01 PM PST · by Kartographer · 90 replies
    Market-Ticker ^ | 2/14/15 | Karl Denninger
    Among the 110 California patients, 49 (45%) were unvaccinated; five (5%) had 1 dose of measles-containing vaccine, seven (6%) had 2 doses, one (1%) had 3 doses, 47 (43%) had unknown or undocumented vaccination status, and one (1%) had immunoglobulin G seropositivity documented, which indicates prior vaccination or measles infection at an undetermined time. Twelve of the unvaccinated patients were infants too young to be vaccinated. Among the 37 remaining vaccine-eligible patients, 28 (67%) were intentionally unvaccinated because of personal beliefs, and one was on an alternative plan for vaccination.
  • Our Lawless Government

    11/15/2014 3:51:27 PM PST · by SatinDoll · 22 replies
    The Market-Ticker ^ | Nov. 15, 2014 | Karl Denninger
    Of course the real story is being overlooked here... WASHINGTON – A Justice Department official on Friday defended the legality of a program to scoop up data from thousands of mobile phones as the secret operation came under scrutiny from lawmakers and caught the federal agency that regulates the nation’s airwaves by surprise. The Justice Department, without formally acknowledging the existence of the program, defended the legality of the operation by the U.S. Marshals Service, saying the agency doesn’t maintain a database of everyday Americans’ cellphones. Whether they maintain such a database is immaterial to the underlying issue, which is...
  • "I demand..." and?

    07/12/2014 4:07:50 PM PDT · by SatinDoll · 23 replies
    The Market-Ticker ^ | July 11, 2014 | Karl Denninger
    This is so cute.... "Gov Rick Perry has long been an advocate for border security. And since 2012, Gov. Perry has been warning President Barack Obama that a crisis is happening on the border between Texas and Mexico." "Today, President Barack Obama met with Gov. Perry to hear his concerns." "If you are like Gov. Rick Perry, and you agree that the federal government must take responsibility and secure our border, sign this petition." "Sign the Petition: Yes, I join Gov. Rick Perry in demanding the federal government take all necessary steps to secure our southern border." * * *...
  • Oh Look, It's Back! (Sustainable Development)

    03/23/2014 8:47:10 AM PDT · by SatinDoll · 29 replies
    The Market-Ticker ^ | March 23, 2014 | Karl Denninger
    How did this manage to find its way into print? Civilization was pretty great while it lasted, wasn't it? Too bad it's not going to for much longer. According to a new study sponsored by NASA's Goddard Space Flight Center, we only have a few decades left before everything we know and hold dear collapses. The report, written by applied mathematician Safa Motesharrei of the National Socio-Environmental Synthesis Center along with a team of natural and social scientists, explains that modern civilization is doomed. And there's not just one particular group to blame, but the entire fundamental structure and nature...
  • Why I Cannot Support CCW Permits

    01/16/2014 10:42:36 AM PST · by Rusty0604 · 60 replies
    Market Ticker ^ | 01/16/2014 | Karl Denniger
    According to Filippidis and his wife, Kally, they noticed an unmarked patrol car tailing them while traveling for Christmas and a family wedding in Woodridge, N.J. He claims the police car stayed with them for ten minutes. “We weren’t speeding. In fact, lots of other cars were whizzing past,” Filippidis told the Tampa Tribune. Eventually, the car’s emergency lights came on and he pulled the car over. The officer was reportedly with the Transportation Authority Police, “Maryland’s version of the New York-New Jersey Port Authority,” according to the report. It appears he was pulled over because of either an automated...
  • There Is Only ONE Peaceful Path Left To Avoid Destruction

    10/25/2013 8:02:43 AM PDT · by Attention Surplus Disorder · 58 replies
    The Market Ticker ^ | 2013-10-25 | Karl Denninger
    Folks, if you have read me recently you know that I've said that you are the problem and that the reason this is true is that you won't go on strike, you won't picket DC and refuse to leave until the government stops stealing from you and debasing the currency, you won't reduce your spending and income to only that which provides necessities, and most of you go on to justify your behavior with "my kids (and/or family) deserve what I can provide." You're fools and I'm going to prove it. Further, I'm going to prove -- by arithmetic --...
  • Yes, This Is YOUR Fault

    10/20/2013 12:59:45 PM PDT · by kiryandil · 61 replies
    The Market Ticker ^ | October 18, 2013 | Karl Denninger
    Read carefully folks, get up, go look in the mirror, and then punish yourself as you see fit for putting people in the street in this fashion, because it is your fault and you are responsible for it: Freeland lived with family for a time, she said, and four months ago moved into transitional housing funded by the city government in Washington, D.C., while searching for work that pays more than her $8.25-an-hour retail job. Having lost her oldest son in a 2000 homicide, Freeland said she insists on looking for housing in a safe neighborhood for her surviving one, now...
  • Karl Denninger (Market Ticker) Goes Dark for Three Days in Protest

    10/11/2013 5:49:58 AM PDT · by randita · 2 replies
    The Market Ticker ^ | 10/12/13 | Karl Denninger
    The Market Ticker is offline from October 11th-13th as a deliberate act to reduce to zero my economic activity, and thus taxable income, for those three days. On 9/11/2013 I went dark to protest the NSA's unconstitutional and outrageous acts of spying against American Citizens -- acts they claimed at the time were "catching terrorists" but which they were later forced to admit had interdicted not dozens of plots but perhaps "one or two." Despite this forced admission our Congress has refused, thus far, to force the dismantling of these outrageous, unconstitutional, ridiculously expensive and abusive programs. But the NSA...
  • It's Called Evolution, Gentlemen (Karl Denninger vows to go "John Galt")

    09/29/2013 6:47:36 PM PDT · by randita · 50 replies
    Ticker Forum ^ | 9/28/13 | Karl Denninger
    In 2007 I began writing The Market Ticker due to the outrageous conduct of various branches in the Administration and portions of the Capital Markets. Endemic fraud in the financial system that had generated unbridled and outrageous credit creation threatened the collapse of our entire economic system. The consequence of this should have been thousands of indictments, prosecutions and imprisonments -- of banking executives, of members of Congress, of various executive branch officers in various agencies and more.  The banking system should have been forced to match assets to liabilities and either put up the margin to back their bets or...
  • Mr. Keating: Go Suck An Egg

    09/28/2013 1:14:54 PM PDT · by SatinDoll · 2 replies
    The Market-ticker ^ | Sept. 28, 2013 | Karl Denninger
    You know me too, Frank -- we met at McStain's campaign shindig at the University Club in Washington DC in the summer of 2008. I recall that you and Governor Ridge both refused to take a stand on all the frauds in the mortgage market -- the very frauds that just a couple of months later led to the failure of Lehman, the market crash in general and the ensuing disaster. It figures that you're now the President and chief executive of the American Bankers Association [ABA]. It must be really, really awesome to have your candidate suspend his campaign...

    09/19/2013 8:17:02 AM PDT · by SatinDoll · 26 replies
    The Market-ticker ^ | Sept. 9, 2013 | Karl Denninger
    This much has been determined yesterday -- The Fed could not handle a 2.8% 10 year Treasury rate. Nor could it handle any further increases. But consideration of the impact of this policy on the common man, along with the destruction of purchasing power and outright theft from the people who produce the services (and few goods remaining) in this nation was damned -- exactly as has been the case for the last three decades. What Bernanke did yesterday was guarantee a crash. He guaranteed it because he took what was a clear opportunity to take what had been priced...
  • Mr. Lew: *** (Debt Limit)

    08/27/2013 7:08:41 AM PDT · by SatinDoll · 6 replies
    The Market-ticker ^ | August 27, 2013 | Karl Denninger
    [To Moderator - the title contained an obscene reference for one to do something physically impossible to oneself.] Mr. Lew, I know you continue to say that the Congress has "no choice" but to raise the debt limit. You're wrong. Congress has the choice to say no. You have a credit card but the limit is set not by your King but rather by Congress. And Congress has the right to cut that card up any time it so chooses. So says the Constitution: Article I Section 8: The Congress shall have Power To lay and collect Taxes, Duties, Imposts...
  • The Lawless Dictator

    08/24/2013 4:59:12 PM PDT · by SatinDoll · 39 replies
    The Market-ticker ^ | August 24, 2013 | Karl Denninger
    Are we, the people, going to allow yet another unlawful military action to take place? Defense Secretary Chuck Hagel suggested Friday that the Pentagon was moving naval forces closer to Syria in preparation for a possible decision by President Obama to order military strikes. Hagel declined to describe any specific movements of U.S. forces. He said Obama asked that the Pentagon to prepare military options for Syria and that some of those options "requires positioning our forces." I don't seem to recall a Declaration of War by Congress. And there is certainly no exigent emergency that requires an immediate response...
  • You Sniveling Cowards

    08/23/2013 7:05:42 AM PDT · by SatinDoll · 26 replies
    The Market-ticker ^ | August 23, 2013 | Karl Denninger
    Last night I had a surreal experience at the American Legion building in Ft. Walton. If you live around here, you know where it is. There's a tank out front. It's a patriotic place. Last night it hosted The Republican Club of Okaloosa County for their regular meeting, dinner and a speaker -- in this case, Jeff Miller (R-FL-1) The food, hospitality, and crowd were a nice change from my usual evening routine (that often includes a nice hard run) but the surreal began when Mr. Miller stepped to the microphone. What followed was an astonishing display of fear, cowardice...
  • Detroit: The Shape Of Things To Come

    07/19/2013 9:19:20 AM PDT · by SatinDoll · 24 replies
    The Market-ticker ^ | July 18, 2013 | Karl Denninger
    Listen up folks, after you read the bankruptcy filing for Detroit. 1. Right now, the City cannot meet its basic obligations to its citizens. 2. Right now, the City cannot meet its basic obligations to its creditors. 3. The failure of the City to meet its obligations to its citizens is the primary cause of its inability to meet its obligations to its creditors. 4. The only feasible path to ensuring the City will be able to meet obligations in the future is to have a successful restructuring via the bankruptcy process that recognizes the fundamental importance of ensuring the...
  • TO THE GOVERNMENT: NOW YOU'RE F*ED (Zimmerman Fiasco)

    07/14/2013 2:34:51 PM PDT · by SatinDoll · 37 replies
    The Market-ticker ^ | July 14, 2013 | Karl Denninger
    A very interesting thing happened in the Zimmerman fiasco. The state, in its closing rebuttal arguments, appealed to the hearts of the jury, not to the evidence. Florida is an odd state when it comes to criminal law. In most states the prosecution gets its closing argument, then the defense. In most states the defense goes last, which is in line with the premise that one is innocent until proved guilty, and the defense gets one last stab an introducing reasonable doubt. But in Florida the prosecution gets a rebuttal -- they get the last word before the jury retires...
  • UPS Warns, Dives

    07/12/2013 8:48:48 AM PDT · by Kartographer · 29 replies
    Market-Ticker ^ | 7/12/13 | Karl Denninger
    United Parcel Service Inc. (UPS) cut its full-year earnings forecast and said second-quarter profit was below expectations, citing a slowing U.S. economy. The stock dropped 4.3 percent in early trading.
  • It's Simple: Adjust Your Expectations Or Die

    07/05/2013 11:54:32 AM PDT · by SatinDoll · 5 replies
    The Market-ticker ^ | July 5, 2013 | Karl Denninger
    There are a lot of hard-headed people out in the investment and banking world. Most of them are hard-headed because they have never known anything else. A few are a bit smarter -- they know that their business model is cooked if the underlying assumptions change and they're being intentionally dishonest in trying to grab the last few nickels in front of the steamroller, and to hell with you (their customer.) Then there are those who have it figured out and are attempting to find a way to adapt to what is going to happen. More than 30 years ago...
  • WE GOT PROBLEMS...[Economic Collapse Problems]

    06/28/2013 12:16:30 PM PDT · by SatinDoll · 21 replies
    The Market-ticker ^ | June 28, 2013 | Karl Denninger
    Greece and, for that matter, the rest of Europe are showing cracks again this morning. The Dollar is screaming higher (how's that "dollar collapse" thesis working out?) Gold is around $1,200; up fractionally on the day, but in general not in good shape -- and making a mockery of the "Gold to $5,000" callers. Interest rates are again going up, while The Fed is trying to claim that they really didn't say that they were going to taper. But that's a lie, because they have to stop the QE. This isn't about wanting to exit, it's about being forced to...
  • NSA: Lies And More Lies

    06/14/2013 8:39:28 AM PDT · by Rusty0604 · 5 replies
    Market Ticker ^ | 06/14/2013 | Karl Denniger
    The head of the country’s National Security Agency testified Wednesday that surveillance has stopped “dozens” of potential terrorist attacks by looking at the phone records, emails and other Internet searches of people suspected of terrorism-related incidents. I will note that there was not one challenge to Alexander's statement. This means, incidentally, that The Senate is intentionally complicit in his lie. Why do I level this charge? Because terrorism, and attempted terrorism, is a crime and to the extent that it occurred in the United States those crimes would result in arrests, indictments, prosecutions and convictions, none of which are or...
  • Obama: Now You're ******

    06/03/2013 9:52:33 AM PDT · by blam · 53 replies
    The Market Ticker ^ | 6-3-2013 | Karl Denninger
    Obama: Now You're F*ed The Market Ticker ®Karl Denninger June 3, 2013 Hoh hoh hoh.... 'Did [your supervisor] give you any indication of the need for the search [for tea party groups], any more context?' one IRS witness was asked in a closed-door interview. 'He told me that Washington, D.C., wanted some cases,' came the reply. The employee, who said he or she was evaluating 40 such applications for tax-exempt status from conservative organizations at the time, said 'some went to Washington. D.C. ... I sent seven.' They'll find the evidence of this; emails, phone records, whatever. It exists and...

    05/26/2013 3:39:40 PM PDT · by SatinDoll · 37 replies
    Market Ticker ^ | May 26, 2013 | Karl Denninger
    As you prepare to grill out your steaks and fly your flags, take time from the swilling of beer to consider the following. Our government is completely out of control. Benghazi, Fast-n-Furious, IRS Abuse, 100,000 perjured affidavits, phony securities marketed under false pretense, Congressional force used to commit accounting fraud, money lanudering and more. There is no longer a rule of law; the Golden Rule has been turned into "Do unto others, run like hell and, if caught, bribe Congress or threaten economic collapse." While that contains a slight amount of hyperbole, the operative word there is "slight." There is...
  • The Most-Corrupt Administration Ever?

    05/18/2013 12:37:51 PM PDT · by Kevin in California · 26 replies
    The Market Ticker ^ | 05-18-2013 | Karl Denniger
    •Fast And Furious (guns for drug lords, resulting in murder of Americans and Mexicans)
  • That's Enough: Two Schools On The Hiring BLACKLIST ("I'm Done With This Crap")

    05/02/2013 7:24:35 AM PDT · by blam · 25 replies
    Market Ticker ^ | 5-2-20134 | Karl Denninger
    That's Enough: Two Schools On The Hiring BLACKLIST I'm done. I may never create another business and hire another person due to the insanity of our government and its policy of destroying my incentives to do so (despite having several buildable ideas that I could turn into businesses right now) but I have a very long memory, and it's near-photographic. This much I promise -- there are two school districts that have, as of this morning, had their diplomas turned into toilet paper. The same applies to any employee of said schools and the entire school board -- if you...
  • The Left-Wing Lie Machine Takes A Mortal Blow

    04/24/2013 8:20:02 AM PDT · by Attention Surplus Disorder · 17 replies
    The Market Ticker ^ | 2013-04-24 | Karl Denninger
    Oh the irony! U.S. authorities were on their way to a mountainous region in southern Russia to interview the parents of the Boston Marathon bombing suspects, as more details emerged about the brothers' recent activities in the U.S., including word of where the deadly explosives may have been purchased and that the family relied on welfare for at least some of their time here. The brothers hated America. They loved, however, "transitional assistance benefits" -- in other words, welfare. That's right folks -- we paid these clowns to live while they were radicalizing themselves and declaring that America was "the...
  • Thoughts The Next Morning

    04/21/2013 4:40:36 PM PDT · by Vince Ferrer · 169 replies
    Market Ticker ^ | 4/20/2013 | Karl Denninger
    I have a general policy that when something*****es me off enough to want to throw things at my TV I go have a drink and refuse to write on it until having slept first. Sometimes I wake up with a different perspective. And sometimes not. This is one of the "nots." Last night, unless you live in a cave, you know that the second bombing suspect was captured alive. The first one died from a combination of bullets and being run over by his brother in a carjacked vehicle trying to escape. Yeah, that really nice kid who we now...
  • Gold And Silver Crash - Don't Be An Idiot

    04/16/2013 6:08:57 AM PDT · by blam · 29 replies
    The Market Ticker ^ | 4-15-2013 | Karl Denninger
    Gold And Silver Crash - Don't Be An IdiotKarl DenningerApril 15, 2013 Don't do it folks. There's no "reflation" trade. Nor is this "manipulation." There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price. This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I can dig gold out of the ground for $1,200 an ounce "all-in" I will short whatever I'm sure I can deliver...
  • Obama And Francine Wheeler's New Low

    04/13/2013 11:39:02 AM PDT · by Ultra Sonic 007 · 15 replies
    The Market Ticker ^ | 04/13/2013 | Karl Denninger
    I rarely go after private citizens in my column. Today I'm going to make an exception and the reason is that this person inserted themselves, on their own volition, into an attempt to violate every man, woman and child's fundamental right to life. By doing so they have turned themselves into public figures and as such lose any such pretense of "privacy" in their opinion nor do they have a legitimate shield from the equally-public response by those who they offend. I speak of Francine Wheeler, specifically, who Obama trotted out this morning like a puppet to try to press...
  • The Chart That Will Crash The Market

    04/03/2013 4:37:24 PM PDT · by Kartographer · 17 replies
    Market-Ticker ^ | 4/3/13 | Karl Denninger
    That's it. And the ADP report this morning is showing the pathway to recognition, as construction has stalled and the destruction of job creation in small and mid-sized businesses exposed to Obamacare will finish it off. I continue to maintain that we're in a time very similar to 2007, when the facts were on the table. Banks paying dividends with money they didn't have. Hedge funds that blow. Bubbles in crazy places, then housing, this time in subprime car lending, student loans and even Bitcon. The transports are telling you that all is not well. CAT is confirming it. Copper...
  • Cyprus: Once Again, For Those Who Are Sleeping

    03/27/2013 9:38:18 AM PDT · by Kartographer · 32 replies
    Market-Ticker ^ | 3/27/13 | Karl Denninger
    The controls may include a ban on cashing checks and carrying more than 3,000 euros ($3,830) in cash across borders, Phileleftheros reported today, citing a draft Finance Ministry decree. The measures will last for seven days from when the decree is published and apply to all accounts and payments regardless of currency, the Nicosia-based newspaper said. Cyprus’s lenders have been closed since a March 16 plan by the European Union to force losses on all depositors in exchange for a 10 billion-euro bailout touched off a political upheaval. While parliament rejected that plan, a subsequent agreement shuts Cyprus Popular Bank...
  • How The Common Cypriot Got Raped

    03/26/2013 10:25:24 AM PDT · by Kartographer · 13 replies
    Market-Ticker ^ | 3/26/13 | Karl Denninger
    Ok folks, if you live in Cyprus and are one of the common people there, perhaps a "wealthy" person such as a businessowner but not one of the "connected few", now it has come out how you were screwed. Laiki Bank customers in the UK face no restrictions on access to their cash and have been told it is "business as usual" at the firm's four British branches, despite an overnight decision to close its Cyprus parent. .... Ruth Harvey of Laiki Bank in the UK said that although not all of the details of the impact of the agreement...