ZeroJewHedge-Druckenmiller Calls Out The Treasury Ponzi Scheme: "It's Not A Free (Jew Scam) Market"

[CrackSmokeRepublican]

I'm thoroughly sick and tired of hearing these IDIOT JEW  Hedge Fund Managers talking "down from the mountain" about TALMUDIC JEW DEBT... it would be better to handle the "Real Situation" by simply just kicking their asses out of the USA, cutting off their fingers, and cutting out their tongues so they can't "Scam" at some point in the future. The "Boot of Justice" is going to meet their Jewish Scamming "A**es" before too long at this point... a "House in Order" can only be achieved by seeing their "Jew Scam A**ess" fly from a hard kick... with every last "bond" stuffed in their throats as pay back...    --CSR

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Druckenmiller Calls Out The Treasury Ponzi Scheme: "It's Not A Free Market, It's Not A Clean Market", Identifies The Real Bond Threat
Submitted by Tyler Durden on 05/14/2011 10:28 -0400

We hadn't heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund. Until today. In a must read interview, the man who took on the Bank of England in 1992 and won, says that he join the camp of Bill Gross et al, making it all too clear that all the recent fearmongering about the lack of a debt ceiling hike by the likes of Tim Geithner, Ben Bernanke and, of course, all of Wall Street, is misplaced, and that the real threat to the country is the continuation of the current profligate pathway of endless spending. From the WSJ: "Mr. Druckenmiller had already recognized that the government had embarked on a long-term march to financial ruin. So he publicly opposed the hysterical warnings from financial eminences, similar to those we hear today. He recalls that then-Secretary of the Treasury Robert Rubin warned that if the political stand-off forced the government to delay a debt payment, the Treasury bond market would be impaired for 20 years. "Excuse me? Russia had a real default and two or three years later they had all-time low interest rates," says Mr. Druckenmiller. In the future, he says, "People aren't going to wonder whether 20 years ago we delayed an interest payment for six days. They're going to wonder whether we got our house in order." Which begs the question: if interest rates are so low today, is the market not appreciating the current path of "financial ruin"? And here is where Druckenmiller joins the Grosses and the Granthams of the world. Asked if the future is not so bad judging by today's low bond rates he says, "Complete nonsense. It's not a free market. It's not a clean market." The Federal Reserve is doing much of the buying of Treasury bonds lately through its "quantitative easing" (QE) program, he points out. "The market isn't saying anything about the future. It's saying there's a phony buyer of $19 billion of Treasurys a week." Of course, there is another name for this type of arrangement and so far only Bill Gross has used it: Ponzi Scheme.


The real MAD, Druckenmiller says, is letting the debt spiral out of control. As anyone with half a working brain will realize.

Mr. Druckenmiller is puzzled that so many financial commentators see the possible failure to raise the debt ceiling as more serious than the possibility that the government will accumulate too much debt. "I'm just flabbergasted that we're getting all this commentary about catastrophic consequences, including from the chairman of the Federal Reserve, about this situation but none of these guys bothered to write letters or whatever about the real situation which is we're piling up trillions of dollars of debt."

    He's particularly puzzled that Mr. Geithner and others keep arguing that spending shouldn't be cut, and yet the White House has ruled out reform of future entitlement liabilities—the one spending category Mr. Druckenmiller says you can cut without any near-term impact on the economy.

Next we move to the topic of the US ponzi and why the Fed is at its core.

Some have argued that since investors are still willing to lend to the Treasury at very low rates, the government's financial future can't really be that bad. "Complete nonsense," Mr. Druckenmiller responds. "It's not a free market. It's not a clean market." The Federal Reserve is doing much of the buying of Treasury bonds lately through its "quantitative easing" (QE) program, he points out. "The market isn't saying anything about the future. It's saying there's a phony buyer of $19 billion of Treasurys a week."

Warming to the topic, he asks, "When do you generally get action from governments? When their bond market blows up." But that isn't happening now, he says, because the Fed is "aiding and abetting" the politicians' "reckless behavior."

And blow up they will if nothing changes. Druckenmiller's conclusion:

    "I think technical default would be horrible," he says from the 24th floor of his midtown Manhattan office, "but I don't think it's going to be the end of the world. It's not going to be catastrophic. What's going to be catastrophic is if we don't solve the real problem," meaning Washington's spending addiction.

Well that's wonderful. And we are confident Madoff also had comparable thoughts just shortly before his scheme imploded. However, for him, like for the US, it is now too late. The best option is to actually get out of Washington's way so they destroy the status quo as fast as possible and a fresh (and probably very violent) start is implemented.

The rest is rhetoric.

http://www.zerohedge.com/article/drucke ... rket-ident

[CrackSmokeRepublican]

 DRUCKENMILLER  


This surname of DRUCKENMILLER was a Jewish (Ashkenazic) occupational name for a printer (Jew HFT in yesteryear--CSR). The name was originally derived from the Old German word DRUCKER or Yiddish DRUKER. Printing was first developed in Mainz in the fifteenth century. The name has many variant spellings which include DRUKER, DRIKER, DRUCKIER, DRUCKMANN and DRUKMANN. When traditional Jews were forced to take family names by the local bureaucracy, it was an obligation imposed from outside traditional society, and people often took the names playfully and let their imaginations run wild by choosing names which corresponded to nothing real in their world. No one alive today can remember the times when Jews took or were given family names (for most Ashkenazim this was the end of the 18th century or the beginning of the 19th) although many remember names being changed after emigration to other countries, such as the United States and Israel in recent years. Surnames are divided into four categories, from occupations, nicknames, baptismal and locational. All the main types of these are found in German-speaking areas, and names derived from occupations and from nicknames are particularly common. A number of these are Jewish. Patronymic surnames are derived from vernacular Germanic given names, often honouring Christian saints. Regional and ethnic names are also common. The German preposition 'von (from) or 'of', used with habitation names, is taken as a mark of aristocracy, and usually denoted proprietorship of the village or estate from where they came. Some members of the nobility affected the form VON UND ZU with their titles. In eastern Germany there was a heavy influence both from and on neighbouring Slavonic languages. Many Prussian surnames are of Slavonic origin. The word Heraldry is derived from the German HEER, (a host, an army) and HELD, (champion): the term BLASON, by which the science is denoted in French, English, Italian and German, has most probably its origin in the German word 'BLAZEN' (to blow the horn). Whenever a new knight appeared at a Tournament, the herald sounded the trumpet, and as competitors attended with closed vizors, it was his duty to explain the bearing of the shield or coat-armour belonging to each. Thus, the knowledge of the various devices and symbols was called 'Heraldry'. The Germans transmitted the word to the French, and it reached England after the Norman Conquest of 1066.

http://www.4crests.com/druckenmiller-coat-of-arms.html