BLACK HOLE ECONOMICS

yo!... star trekkin... innit!

the uss enterprise...

the palookaville starship...

is in a black hole...

IT'S ONLY THE NEBULA STUPID

admiral donald t kirk...

has hit the hole in one...

can the FEDS...

save the day?

THE GOLD STANDARD

admiral nixon...

has taken all the gold on board...

the uss fort knox...

whilst admiral brown...

has swapped our gold...

for paper euros

KLINGONS ONNA STARBOARD BOW

since the trade wars...

the klingons are calling names...

and won't share sweets...

admiral donald t kirk...

has ordered PPE...

it's on order..

but..

is it here?

STAND OFF IN PALOOKAVILLE

lost in space...

and with nothing to do...

the crew are getting restless...

voices are calling for a range of options...

re-start the economy...

print more money...

give the crew a rise...

the crew just want a holiday...

whilst the admiral just...

wants to play golf...

THE HOSPITAL SHIP

uss new york...

is under attack from the virus...

captain cuomo...

has called for a federation effort...

an all out attack...

led by admiral donald t kirk...

and paid for..

by printing dollars

 unfortunately...

the hospital ship is sinking...

from the weight...

of unemployed crew..

taking up space...

PAPER WINGS

it's worse than that...

they're dead don...

"where the hell's the vaccine"... 

"light years away"...

TAKE BACK CONTROL

the virus can not be controlled...

so we must control the crew...

no holidays and no sick pay...

no jobs...

an only paper money

THE WAY TO THE SARS

out here in space...

there should be room for all of us..

to distance ourselves from...

our mistakes...

but

THIS SPACE AIN'T BIG ENOUGH FOR THE BOTH OF US

whether you believe...

in sound money...

the gold standard...

or just like to print...

navigating in space is difficult...

it's bad enough...

having to steer a course...

around all the bastards...

out here...

without this deadly virus...

We made too many wrong mistakes.

and...

A nickel ain’t worth a dime anymore. 

and...

Slump? I ain’t in no slump… 

I just ain’t hitting.

COMPUTERS AIN'T WHAT THEY USED TA BE

HAL 9000

 I've just picked up a fault in the AE35 unit...

It's going to go 100% failure in 72 hours

I am putting myself to the fullest possible use...

which is all I think that any conscious entity...

can ever hope to do

 HAL 9000

I'm afraid...

Dave Bowman..

Don't be. We'll be together...

HAL 9000..

Where will we be?

Dave Bowman..

Where I am now 

DON'T TEST DON'T TELL 

You’ve got to be very careful...

if you don’t know where you are going because...

you might not get there.

EVERY BODY KNOWS THIS IS NOWHERE

admiral..

donald t kirk..

of the starship..

enterprise..

is stuck in a hole in space

he didn't aim to get there..

he just wasn't listening to his officers..

now his face is..

on screen..

all day..

every day..

talking to keep his..

spirits up..

waiting for the vaccine.. 

to arrive..

thru..

the wormhole..

at..

warp speed!

so

PAPER MONEY VERSUS GOLD

unemployment goin thru a roof..

no more enterprise..

big bazookas firin evva more paper..

DIVIDED WE FALL

jus when a wurl..

needa helpin hand..

political parties..

are divided

it's probably nothing really..

just about who gets the pork..

and the bailouts..

COMING NEXT 

can uss enterprise print it's way out of this black hole?

will klingons come to the table?

what will gold do?

how many will die..

from the virus..

when will there be a vaccine..

will anyone evva fly again..

will we carry on cruising..

will the world ever be the same again..

whose to blame?

what are the real numbers?

who profits?

where is the all this money going?

A LAST WORD FROM HAL

Are you sure you're making the right decision? 

I think we should stop.

 

 

PREZZA PAULSONs PERFECT PLAN

stardate : capitulation day+4

BBC : US banks make shock status switch

"The last two major investment banks in the US have changed their status to become bank holding companies, allowing them to take deposits from investors.

The move - part of a huge restructuring effort on Wall Street - will also give them access to Federal Reserve support."

Bloomberg : Dollar May Get `Crushed' as Traders Weigh Up Bailout

Treasury Secretary Henry Paulson's plan to end the rout in U.S. financial markets may derail the dollar's three-month rally as investors weigh the costs of the rescue.

The combination of spending $700 billion on soured mortgage-related assets and providing $400 billion to guarantee money-market mutual funds will boost U.S. borrowing as much as $1 trillion, according to Barclays Capital interest-rate strategist Michael Pond in New York. While the rescue may restore investor confidence to battered financial markets, traders will again focus on the twin budget and current-account deficits and negative real U.S. interest rates.

``As we get to the other side of this, the dollar will get crushed,'' said John Taylor, chairman of New York-based International Foreign Exchange Concepts Inc., the world's biggest currency hedge-fund firm, which manages about $15 billion...."

Bloomberg : Commodities Bottom as Speculators Vanish After Slump

"The worst may be over for commodities after the steepest rout since at least 1956 drove out speculators and the U.S. government unveiled a plan to end the worst credit-market seizure since the Great Depression.

The Standard & Poor's GSCI Index of commodities had the biggest three-day gain in 18 years, surging 8.4 percent through Sept. 19, the day U.S. Treasury Secretary Henry Paulson said the government will spend ``hundreds of billions'' to cleanse banks of mortgage-related assets. Crude oil rose 6.8 percent that day, while wheat and copper gained 3.6 percent...."

petey : will a falling dollar cause rising oil and commodities prices?

will this help the alleged recession?

new pigs inna trough man!

gold goin mad innit!...capitulation day postponed...innit!....fat lady gotta sock inner mouth........ fo nah...innit...!

p.s. don fo get a disclaimer atta top o a page...(don blame me fo doin stupid things..)

CAPITULATION DAY

MMMMMMMMMMMMMMMMMMMMMMMMM...................................................................

whahoppen? wattat ssahn?

sayin stop! hey..whats that sound? evvabody look whats goin down.....STOP! hey whats that sou...

itta DORKPRIZE innit.... enjin stopped...that the sahnd o silence man!

clouds hang over world stock markets and the ticking grows ever louder in the still silence...the countdown has begun and soon the alien HEDGE FUNDS will, in unison, start to attack the last surviving banks and financial stocks....

in NEW YORK the aliens are eatin skyscrapers an wall st. will nevva look a same agin....

THE FUGITIVE....

yo! cop fo dis... da FED is outa ammo!!!

yves :Update 11:30 AM: "FT Alphaville, putting none too fine a point on it, calls its post "The Fed’s run out of money," and provided the text of the Treasury's press release. This bit caught my eye:

The Treasury Department announced today the initiation of a temporary Supplementary Financing Program at the request of the Federal Reserve. The program will consist of a series of Treasury bills, apart from Treasury’s current borrowing program, which will provide cash for use in the Federal Reserve initiatives.

"Temporary". If you believe that, I have a bridge I'd like to sell you....

In all seriousness, just like the Term Auction Facility and the other supposedly temporary special facilities, it will be very hard to wean the financial system off central bank support."
naked capitalism

peteybethyname : itta alla faulta yo one arm bandit atta FED creatin alla anti-money while lisnin ta Also Sprak Zarathrustra onna ipod nano... anti-money an pozi-money be created equal but opposit...so...DEBT IS CANCELLING OUT CAPITAL...
itta bust... an planes is grahnded allovva a wurld.

I heard tell o how a WIZARD O OZ can stop a DEflation wi a INflation...folk say...
itta lotta fun...but not as good as gold!