HA! Even Bill Gross, the manager of the world’s biggest bond fund hasn’t figured it out: the United States can’t “start using more of its money” because its OUT OF MONEY. There, now you know what most of the people who have to work for a living have known for years.

- Banks, securities firms and hedge funds are dumping assets, driving down prices of bonds, real estate, stocks and commodities, Gross, co-chief investment officer of Newport Beach, California-based Pacific Investment Management Co., said in commentary posted on the firm’s Web site today…

- Yeah, Mr. Gross AKA THE RETARD is a little late on this one also. Many people on planet earth figured out that a massive wealth redistribution was successfully being managed years ago. Oh wait, you weren’t talking to the “people” – those words were for your corporate investors. Sorry.

- “Unchecked, it can turn a campfire into a forest fire, a mild asset bear market into a destructive financial tsunami,” Gross said. “If we are to prevent a continuing asset and debt liquidation of near historic proportions, we will require policies that open up the balance sheet of the U.S. Treasury.”…

Typical American corporate arrogance…without even a second thought, the very ones who helped the financial crisis evolve into the beast it is are now the ones proclaiming they can “prevent” its continuation by opening up another artery of free money courtesy American taxpayers.

- The government needs to replace private investors who either don’t have the money to buy new assets or have been burned by losses, Gross said…

Replace private investors? No, they should be shot, not replaced. These words just mean more government intervention and free bailouts when things sour further.

- Pimco, sovereign wealth funds and central banks are growing reluctant to fund financial firms after losses on investments they made to support the companies, Gross said. The world’s biggest banks and brokers are retreating after more than $500 billion in writedowns and credit losses since the start of 2007 and have raised $364.4 billion in new capital…

So basically in only a years time they managed to lose $500 billion and raise $364.4 billion which equates to 72.88% GET IN LINE YOU FUCKING SCUMBAGS. Have a talk with a real person who lives in the real world and they’d most likely shove a stick up your ass for complaining you only have roughly three quarters of your assets.

The new murikkkanomics…

“Financial Collapse? Bring it on.”

I second that motion.

“Bill gross is a shill. He runs a massive bond fund long MBS and agency paper. OF course he wants the treasury to open up the balance sheet. But the treasury balance sheet is subject to the generiosity of FCBs, namely China. See article in IHT today on china Central bank worrying over low yields in treasuries but unable to act as a result of dollar weakness. So PIMCO is basically saying the FCB don’t have an option. Also he fully ignores that the projected US tax receipts based on inflated growth expectations and lower cost structures still leaves the US with massive budget deficits years into the future, notwithstanding contingent liabilities. So the US is basically Chrysler with the China Central Bank as lender of last resort. A month ago or so PIMCO was calling for bulldozers to come out. Bill Gross comments should be used as the new implodometer. With every new word penned, the level of desperation gets ratched up. Check out the WFC and BBT issues just coming to market 8-9 handles. How exactly do you make money at these levels other than jamming down deposit rates lower?

Another thief calling for some more blow back. He should known that Paulson’s Plunge Protection Team has been doing exactly that for many years now. They print yet more worthless paper federal notes (dollars) to buy up falling stock and thus prop up the financial indexes. They must do this secretly or otherwise people will notice what a scam and fraud the broke U.S. economy really is.

It is like watering down the soup. There arrives a moment when people will refuse to eat it anymore. The same with the unlimited printing of dollars. The real buying value of one dollar is probably more like one dollar cent.

…Smells like bullshit to me…
More government spending and intervention, that’s just what we need…NOT.

idiot