• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Charting The Ten Year Prelude To The Keynesian Endgame

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Sat, 03/19/2011 - 17:30 | 1076613 TruthInSunshine
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Paul Krugman just sent me a text proclaiming that he likes this article and the analysis contained within quite a bit, but there's nothing presented that some massive fiat printing won't resolve.

Sun, 03/20/2011 - 09:44 | 1078417 Zero Govt
Zero Govt's picture

Krugman knows about as much of economics as the socialist politicians of the Norwegian Govt (ie. the Nobel Committee)

Sat, 03/19/2011 - 17:31 | 1076619 jesse livermoore
jesse livermoore's picture

I got an extra ticket to the charlie sheen show .............  anybody wanna make me an offer..?..

Sun, 03/20/2011 - 06:41 | 1078180 chumbawamba
chumbawamba's picture

I offer tree fiddy.

I am Chumbawamba.

Sun, 03/20/2011 - 10:51 | 1078609 TBT or not TBT
TBT or not TBT's picture

Involving one of the porn actresses?

Sat, 03/19/2011 - 17:30 | 1076622 Hulk
Hulk's picture

Got Gold? Silver? The love of a good woman?

Sat, 03/19/2011 - 17:33 | 1076643 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1!

+ 2!

+ 3!

Sat, 03/19/2011 - 18:00 | 1076729 string
string's picture

+3 ?!?! That's WAY too expensive.

Sat, 03/19/2011 - 18:15 | 1076786 Hulk
Hulk's picture

DoChen and I went the cheaper, import route...Great way to increase ones swear word vocabulary too!

Sat, 03/19/2011 - 21:02 | 1077256 slewie the pi-rat
slewie the pi-rat's picture



it was love of/for women that made me what i yam today, unfortunately, hulk.  so, fortunately, i can say, today, that 3 outa 3 ain't bad...but sometimes i think 2 outa 3 might be a bit more stable for old slewie...

but, cupid just loves to nail my black little heart;  i yam trooly blessed!

Sat, 03/19/2011 - 21:08 | 1077270 Cleve Meater
Cleve Meater's picture

Si... Mutually exclusive.  Love of a good woman = no gold/no silver.

Sat, 03/19/2011 - 18:34 | 1076847 masterinchancery
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Sat, 03/19/2011 - 17:38 | 1076659 So Close
So Close's picture

Who is John Gault?

Sat, 03/19/2011 - 18:48 | 1076899 StychoKiller
StychoKiller's picture

Buy a ticket and find out:


Sat, 03/19/2011 - 21:14 | 1077287 flacon
flacon's picture

Wow. Looks like a quality production. Can't wait. 

Sat, 03/19/2011 - 18:58 | 1076930 Matte_Black
Matte_Black's picture

see: Atlas Shrugged, Ayn Rand (1957)

Some Libertarians cream themselves over Ayn. She completely legitimizes sociopathy under a bullshit rubric she calls objectivism.

John Gault is the intrepid hero of the story... you'll have to read it for yourself to understand the reference.

Sat, 03/19/2011 - 19:20 | 1077020 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

If you thougt that was a question and not a statement it indicates you never read the novel and are regurgitating what youread elsewhere.  Fail.

Sat, 03/19/2011 - 19:34 | 1077033 Matte_Black
Matte_Black's picture

oh. My bad. I forgot you guys like to just slip into character like that. Fail.

Sensitive much? lol...

Sat, 03/19/2011 - 21:34 | 1077341 Lord Koos
Lord Koos's picture

Thousands of ditto-heads on this site.

Sat, 03/19/2011 - 22:20 | 1077467 Matte_Black
Matte_Black's picture

Dittoheads, lol... do you think that is what is is? Perhaps. I always wondered, though, how Rand-lovers on this site explain Greenspan, a Rand protege. I dunno. Cognitive dissonance.

Sat, 03/19/2011 - 23:25 | 1077578 eftian
eftian's picture

I have a hard time understanding how someone who wrote "Gold and Economic Freedom" could have abandoned his core values so thoroughly.

I like this instead.


Sun, 03/20/2011 - 01:19 | 1077895 Matte_Black
Matte_Black's picture

Mind = Blown. Thx

Sun, 03/20/2011 - 13:11 | 1079016 oklaboy
oklaboy's picture

Jeesuz H cryist, how smart can greenspan be? Hell he marries Aaaaannndddreea  Mitceull   reporting. not alot of smart there

Sun, 03/20/2011 - 03:38 | 1078093 NidStyles
NidStyles's picture

Hardly, the difference is at one time he was a real person that didn't work for the beast of the NWO.

Sun, 03/20/2011 - 06:48 | 1078181 rich_wicks
rich_wicks's picture

I always wondered, though, how Rand-lovers on this site explain Greenspan

How do you explain:

  • Judas
  • Brute
  • Benedict Arnold
  • Jonathan Pollard

Pretty simply - they are traitors.

It's been suggested that Greenspan might not be a traitor, but the most insidous person in the world to have used his influence and power to force the world back onto a gold standard by purposely destroying the world's reserve currency in such a magnificent way, that it will be centuries before humanity tries John Law's experiment again.

Sun, 03/20/2011 - 08:32 | 1078273 Vagabond
Vagabond's picture

Greenspan joined the EE decades ago.  Read his 1967 article on gold and you'll get a good idea what happened to him.  He should not be lumped in with the libertarians.  He may have some of the rhetoric but his actions mark him as a player in the EE.


Sun, 03/20/2011 - 08:43 | 1078301 Richard Head
Richard Head's picture

You've "always wondered", for 2 weeks and 6 days?  Fucking troll.

Sun, 03/20/2011 - 10:11 | 1078470 Matte_Black
Matte_Black's picture

"You've "always wondered", for 2 weeks and 6 days?  Fucking troll."

rflmao... yes, you are right. I was born 2 weeks and sixs days ago and had never read zero hedge before that - ever - never even heard of it... really.

Who is the fucking troll now?  lol...

Sat, 03/19/2011 - 21:33 | 1077339 Lord Koos
Lord Koos's picture

I read it when I was 15 and thought it was a great story, plot developement, etc.  As an ideology -- major fail.

Sat, 03/19/2011 - 21:41 | 1077348 akak
akak's picture

Yes, we certainly cannot have people thinking that their existence is self-justified without constantly having to sacrifice itself to the wishes and power of the mob and the sociopathic ponerists who masquerade as "leaders", both political and religious.

Sat, 03/19/2011 - 21:54 | 1077396 ebworthen
ebworthen's picture


Sat, 03/19/2011 - 21:58 | 1077408 Matte_Black
Matte_Black's picture

lol. And it comes with free energy to boot. Sounds like stealth socialism to me. hahahahahahahahahahahaa

Sun, 03/20/2011 - 03:10 | 1078076 Xkwisetly Paneful
Xkwisetly Paneful's picture

Shhh the FED as the largest consumer, employer, borrower, lender, landlord, tenant, real property owner and parents to 50million people in the country has nothing to do with anything.

Sat, 03/19/2011 - 22:16 | 1077449 Matte_Black
Matte_Black's picture

lol... me too. I loved the story. And The Fountainhead as well. Great stories, lousy people.

Sun, 03/20/2011 - 07:45 | 1078222 CPL
CPL's picture

Most people are lousy and have been given ample opportunity to illustrate the fact.

Sun, 03/20/2011 - 01:37 | 1077939 bluebare
bluebare's picture

It must get really good after the first 868 pages but I quit reading around there because by that point I really didn't give a rats ass about John Galt.

Sat, 03/19/2011 - 19:02 | 1076959 Vint Slugs
Vint Slugs's picture

Gault ?

Sat, 03/19/2011 - 20:14 | 1077144 jimijon
jimijon's picture

Maybe he meant DeGault?

Sat, 03/19/2011 - 20:22 | 1077166 Council of Econ...
Council of Economic Terrorists's picture

Prometheus, the one who changed his mind...

Sat, 03/19/2011 - 17:41 | 1076672 indio007
indio007's picture

This illustrates the difference between human want and need.

When people go to preservation mode we can operate on very little resources. 

That doesn't create jobs or raise GDP. Especially when discretionay income

is all going to get out from underwater. That is.... money going to a source that produces nothing . Let's coin it "residual bubble debt".


Sat, 03/19/2011 - 19:17 | 1077010 Chuck Walla
Chuck Walla's picture

That doesn't create jobs or raise GDP.

Apparently, neither does the Fed.

Sat, 03/19/2011 - 17:43 | 1076681 UGrev
UGrev's picture

I feel oddly in favor of the crash with the understanding that the replacement system will be.. well, at I hope will be.. far more rational than what we have to endure now. 

Sat, 03/19/2011 - 18:09 | 1076762 tgatliff
tgatliff's picture

I doubt at this point that the FED will throw in its cards... My guess is that the great crash is still 5ish years away.  

History is clear on the end game, though... First, the financial crash which signifies the end of the 3rd turning.  The final end comes about 10 years later when a great military response marks the end of the previous era...

Sat, 03/19/2011 - 18:27 | 1076825 lordbyroniv
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Winter IS coming.

Sat, 03/19/2011 - 18:36 | 1076853 UGrev
UGrev's picture

You think it will take that long? Things seem to be ramping up in a f(x) fashion. The time-line looks like it compresses every iteration. But I don't want to try to predict anything.. anticipation is the mother of insanity. So I'm just going to keep moving on 30 day resets. 

Sat, 03/19/2011 - 19:39 | 1077072 tgatliff
tgatliff's picture

Absolutely... The ultimate end, in my opinion, will be politically based.  Meaning, the current powers will sacrifice anything to keep their current financial system in place.  Hence, why they are ignoring the cost of living issue.  Only a political response will force them to do otherwise. 

The new group of politicians have one key difference than what we have seem previously... They are quietly working and seem less interested in sound bites.  That would indicate that they are more "Nomad" personalities than "Awaken" personalities.  Historically, this would indicate that the process of change from the 3rd turning has already started...

In my opinion... Historically speaking... I would expect things to essentially remain the same until the end of 2012.  After the next election cycle which will bring in another wave of the "nomad" personalities, they will continue to clamp down on government spending and the FED's tools.  Ultimately these actions will be the final blow into the 4th turning...


Sat, 03/19/2011 - 20:15 | 1077146 Psquared
Psquared's picture

I think that makes a lot of sense ... unless these nomad personalities are actually interested in the betterment of society.

As to the next iteration, I believe that each incarnation simply brings a new set of rulers and oligarchs. No matter how noble the intent. The Founding Fathers, particularly John Adams and Benjamin Franklin knew this and stated their concerns early. Even Adams caved in when he tried to appoint the midnight judges before Jefferson took office.

Sat, 03/19/2011 - 21:22 | 1077316 slewie the pi-rat
slewie the pi-rat's picture


hi, UG rev @ #1076853!

yes, as we "wait" for the fiat currency/debt/QE "endgame", don't be too detached and hopeful of something "better". 

if i yam correct in seeing that our bankster-owned pols have sold us completely out to the "New World Order" of inter-national SUPER-fiat currency and, uh, basically, complete loss of nationhood and (yes, i'll say it!) God-given equal birth before the law, and the legally-protected liberties of free PEOPLE, then perhaps we should be a bit more aware of the downside, ok?

Liberty's American People!   armed to the freaking rafters, too!

Sat, 03/19/2011 - 21:57 | 1077407 ebworthen
ebworthen's picture

You just reminded me I really need to order that Mini-14 and ammo before it's too late.

Just the shotgun won't be enough, need to have something with more reach and penetration.

I'm thinking 9mm and .223 so I can scavenge ammo from the establishment if needed.

Sun, 03/20/2011 - 00:22 | 1077731 RockyRacoon
RockyRacoon's picture

I like my Mini-14 and keep in mind that it eats 5.56 as well as .223.

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