Of Fake "Bogeymen" And Artificial "Security"

Tyler Durden's picture

William Buckler, with his Privateer report, once again establishes that in the pantheon of newsletters, he and Kiril Sokoloff are untouchable at the very top. In his latest piece, Buckler deconstructs geopolitics, finance, economics and explains the plutocrats' behavioral modeling in a way fre else seem capable of doing. For anyone confused what all the recent events out of Korea, China, Europe, and the US mean, read the following.


Is it not ironic that after nearly two years of international discussions, all supposedly aimed at nurturing the economic “recovery”, the innocent observer of current events is being snowed under trying to keep track of it all? The European “sovereign debt crisis” has once again been pushed to the fore. Dissension in the Fed ranks has been revealed with the minutes of the latest FOMC meeting, the one where QE2 was initiated. The Chinese government is threatening price controls while warning their banks that the “quota” of new loans for 2010 has been met already. NATO is actually inviting Russia to join so that they can all point their missiles “somewhere else”. Politicians everywhere are battling to maintain their “authority” while their subjects grow ever more fractious.

Oh, and the two Koreas have decided to lob some shells at each other.

On November 23, surveying the gyrations on world markets in the wake of the Korean shelling(s), one US fund manager was quoted as saying that it was - “A fear day. There’s a tremendous amount of bad news to absorb.”

“Absorbing” The News:

Sadly, this is all that most people have time to do. If one was inclined to watch them, every “developed” nation has 24-hour TV news broadcasts. Those who don’t have such coverage have ready access to those who do. And, of course, the internet never stops. Its advantage is that a lot of the news is neither “official” nor officially approved by those who are intent on making sure that nobody does any more than “absorb” the news.

As a topical example, take the exchange of shelling on the 38th parallel, the border between North and South Korea. This incident took place at 2:30 PM Korean time (half past midnight in Washington DC) on November 23. In the English-speaking press, it was universally reported as a North Korean attack or assault on South Korea. The condemnation was instant, unanimous and choreographed.

What actually happened was this: South Korea was in the middle of a nine-day live-fire exercise by their navy near the “Northern Limit Line”. This is a maritime border drawn by the UN which North Korea does not recognise. Yeonpyeong, the island shelled by the North Koreans, is just south of that line. The North Koreans claimed that as part of their live-fire exercise, South Korea had fired shells into their territory. South Korea denied this, saying they only retaliated after the North began to shell.

This, by the way, is the second similar incident over the past year. The first one never even rated a mention. This one is being called the most serious incident since the end of the Korean War. But when you don’t want people to think about what is REALLY going on, inducing fear is a great ally.

A Small Example Of A Pervasive Situation:

In April 2010, the US and South Korea staged a live-fire exercise 15 miles south of the demilitarised zone. Officials from both the militaries insisted that this was NOT a warning to North Korea. The date of the exercise, which had been planned for months, was the birthday of the founder of North Korea, Kim Il Sung and a national holiday. The US commander, William Graves, had picked the date. When asked about the provocative nature of picking that particular date, he replied, “I didn’t realise it was his birthday until last night, when somebody happened to mention it to me. It is truly a coincidence.”

Transparently ridiculous statements of this nature are par for the course. They are indulged in by the powers that be in every nation on a routine basis. They are blandly offered to the news media and equally blandly and unquestioningly reported. From there, the expectation is that if they are noticed at all, they will be “absorbed” by the great majority as the background noise of modern events.

Clearly, the April exercise itself was designed to provoke North Korea. Clearly, the date chosen was designed to maximise the provocation. This latest “incident”, the North Korean shelling on November 23, came after days of South Korean live-fire naval exercises within a few miles of the border. It also came less than two weeks after the G-20 heads of state summit - held in Seoul, South Korea - broke up in acrimony and disarray. Few global regimes are as reliable as North Korea when it comes to providing a distraction as and when required. And today, distractions are required like never before.

International Crowd Control:

North Korea is one of the very few nations left in the world in which total control over the populace is wielded by the government. It is a one-party military dictatorship whose leadership has been handed down literally from father to son ever since it was created out of the Soviet occupied part of Korea in 1948. It is a creation of the “cold war” and the only nation that remains intact and unchanged almost 20 years after President Reagan’s “Evil Empire” - the USSR and its bloc - collapsed in 1991. If there is a nation on earth in which the people are totally innocent in the actions of their government, that nation is North Korea. It is kept intact by both China and the US for one simple reason. It is a “bogeyman”.

The English term “bogeyman” has its equivalent in almost every language on earth. But whatever the language, it historically defines an imaginary and threatening figure used by parents to frighten children and thus keep them in line. Modern child psychologists stand aghast at such practices. But modern governments don’t bother much with children because they don’t vote or pay taxes or protest too much.

For adults, the role of parental “guidance” has long since devolved to the state. Here, the practices against which our child psychologist protests so vehemently are used routinely. When the adults threaten to get out of line, they are laid on with an ever more indiscriminate trowel. Today, everywhere one looks - whether at relations between nations, economies or international or domestic financial markets - the bogeymen are proliferating as seldom before.

The Ballot Box Rebellion:

Look at any national election anywhere since the formative days of the GFC in early to mid 2007. You will find that the ruling party or coalition has either been defeated or has seen its majority reduced to a wafer-thin margin. That in itself is not seen as a fundamental threat by the establishments in these nations. What they DO see as a threat, though, is the growing tendency to throw out the incumbent regardless of his or her political affiliation. This was seen in Australia where an election in August resulted in a “hung parliament” with independents holding the balance of power. It was seen even more clearly in the November 2 US mid-term elections with the rise of the “Tea party”. In this election, incumbents by the score were summarily turfed out of office. Once this process starts, the next step is to threaten the unelected government - the bureaucracy. And this threatens the parental state itself.

“Security” - Its Purpose And Its Cost:

What is it that all us “children of the state” get in return for being duly terrified at all the bogeymen which are thrust in our face on a continual basis? We get security, of course. We see it everywhere we go. We hear it every time we listen to a political speech or a news broadcast. We read it in everything from financial prospectuses to geo-political analyses. You will be “safe” - if you do what you’re told.

On an actual or physical level, security has a long record. In the lofty realm of political oratory, WWI was fought, according to President Wilson, “to make the world safe for democracy”. On a more mundane level, it was fought to prevent the enemy from tearing the people limb from limb. The Allies reported that German soldiers were cutting off the hands of babies and crucifying non-combatants. The Germans reported that the allies were poisoning German wells with plague germs and putting out the eyes of German captors. The longer the war dragged on, the wilder these (entirely false) claims became.

Nowadays, of course, the actual war is against “terror”. The physical war is in the process of moving from Iraq to Afghanistan. Iran and/or North Korea are being kept in reserve . The psychological war is fought on the home front, mainly by means of terrorising (or attempting to terrorise) the populace. The most obvious example in the US is the recent notoriety of the Transportation Security (there’s that word again) Administration or TSA. It seems that their “security” methods may finally have gone too far.

The TSA was formed after the 9/11 attacks. It is one of many agencies - the Department of Homeland Security is another - created by the government to take advantage of the outrage and fear caused by 9/11. According to the US Congress, the TSA was set up to eliminate the risk of “terrorist attack” while flying. The TSA grew with amazing rapidity, even for a government agency. It began in January 2002 with 13 employees. A year later, it had 65,000 employees. The cost of running the TSA is enormous and the cost in terms of inconvenience, delay and sheer exasperation to the flying public is incalculable. Or is it? With the TSA’s latest deployment of full body scans or as an “alternative”, very invasive “frisking” techniques, the resentment has boiled over. All of a sudden, a growing portion of the public is mad as hell and isn’t going to take it anymore.

There comes a point where the practice of invoking “terror” rebounds upon those who invoke it. True to his character and consistency, Ron Paul introduced legislation titled the “American Traveller Dignity Act” to Congress on November 17. The act is designed to remove the provision of “security” from the government and return it the entities it most effects, the airlines themselves.

Financial “Security”:

After limited success in trying to sell his latest program of monetising government debt, Fed Chairman Ben Bernanke went off on a new tangent on November 19. In a speech to the ECB (of all institutions) in Frankfurt, Germany (of all places), Mr Bernanke declared that the term “quantitative easing” as a description of the Fed’s latest policy is “inappropriate”. Mr Bernanke’s preferred substitute was “securities purchases”. How magnificently innocuous. After all, everybody does that, don’t they?

If you have ever bought a debt instrument of any nature or a common or preferred stock, you have indeed bought a “security”. That is and has long been the generic term describing almost any type of paper instrument tradeable on the markets. Even the ones which have long since become worthless are still called “securities”. The message is obvious, intentional and long since been taken for granted.

If you want to be “secure”, buy government approved and regulated “securities”. If you want to be REALLY “safe and secure”, buy government-issued debt paper “securities”. They must be safe. After all, the Fed is officially buying them. Ron Paul has introduced a bill to Congress (which has little if any chance of becoming law) to remove the provision of physical security from the clutches of government.  But entrusting financial security to government is very much more dangerous.

Another “Bogeyman” In Focus:

We are sure you have noticed the resurrection of the European sovereign debt crisis over recent weeks. This new chapter (with Ireland replacing Greece as the villain) has surfaced in the global media and on global markets in the wake of the Fed’s decision to proceed with another round of Treasury debt monetisation. It has led directly to a turnaround in the US Dollar and has put a floor under the faltering secondary market for US Treasury debt paper. It has also deflected attention from the avalanche of condemnation - international and domestic - which greeted Mr Bernanke when QE2 was announced.

It is true that Ireland (like Greece) is a fiscal basket case. It is true that the Irish banking system (like its Greek counterpart) horribly overextended itself in a booming real estate market which has long since gone horribly bust. These things were known well before the global credit freeze of late 2008. They were known when the Irish government took the unprecedented step of guaranteeing ALL the deposits in its banks. They have been known ever since.

So why is the “Irish Card” being played now? A November 22 headline from Bloomberg makes the answer clear: “Treasuries Rally as Moody’s Ireland Outlook Spurs Safety Demand”. The issue here is not that the fiscal and banking mess in Ireland (and in Greece) is not real. It most certainly is. The issue is that this mess is GLOBAL. The more pressing issue is that the nation which has done least, so far, to address the problem is the US, the cornerstone of the global system.

You Can’t Eat IOUs:

When the mainstream media talks about the growing “problem” of government deficit spending, they always focus on nations which are having trouble servicing their debts. The issue of actually “repaying” the debt is seldom mentioned. If it is, it is taken for granted that the debt will be repaid - sometime in the indeterminate and nebulous future. Further, most mainstream media examinations of the fiscal problem facing any particular nation measure the annual deficit as a percentage of Gross Domestic Product (GDP). What is not pointed out is that the government spending which this borrowing makes possible is a component of that same GDP.

Government spending does not contribute to the creation of wealth in an economy, it inhibits it in direct proportion to the amount of that spending. That is true even when there is no borrowing involved, with the government running a genuinely balanced budget. Government creates no wealth, it simply confiscates it from those who do. The situation deteriorates rapidly when government spending exceeds government “revenue”. The dead weight of government then falls not only on present production but on future production. The higher the debt grows, the further into the future the burden stretches.

Government spending has no place in any measure of REAL economic growth. Government borrowing is the greatest economic threat to REAL economic growth. Once government borrowing is established as a prime component of the statistic (GDP) that purports to “measure” economic growth, then gradual economic impoverishment is assured. Once government borrowing is deemed to be the most important component in re-establishing economic growth, financial collapse is assured.

That is why the European nations have opted for what is called “austerity”. Portugal, the latest nation to be singled out in the sovereign debt crisis, has already cut its deficit almost in half (by 47.3 percent) over the first ten months of 2010 as compared with the equivalent period in 2009. Every other European nation is on the same path. Only in the US are the government and the central bank both clinging to the old economic orthodoxy that it is possible to borrow one’s way to prosperity.

This is the simple fact which makes US Treasury bonds THE most risky investment imaginable at present. And this is the reason why “crises”, both geo-political and financial, are cropping up with increasing regularity everywhere EXCEPT the US. The bogeymen are being worked harder than ever.

This Is Not Rocket Science - It Is Well Understood:

On November 13, the day after the G-20 meeting ended, the UK Telegraph ran an article by Mr Edmund Conway (who we quoted in our previous issue). “For the past few months, the world’s major economies have been sleepwalking their way towards another crisis. ...It isn’t merely that the summit failed to come up with any decent solutions; it failed to diagnose the problem itself. ...the international monetary system has failed and there is no one willing or able to come up with a reconstruction job.”

The problem is recognised. The inability and/or unwillingness of those in political power to tackle it is recognised. The consequences of NOT tackling it are (grudgingly) recognised. But the only genuine way forward (see our previous issue - Number 666) to a REAL solution is dismissed out of hand.

In the same article, Mr Conway again brings up the “Gold standard” as a demonstration of the WRONG way to “fix” the current failure of the international monetary system. His minor objection is that tying one’s money to Gold still leaves one vulnerable to inflation or deflation depending on how much Gold is dug out of the ground in any given year. This is facetious nonsense. The US government alone borrows far more “money” in one year than the present $US value of all the Gold ever mined in history.

More serious, from Mr Conway’s point of view, a “Gold standard” would also mean the end of banking as we know it because Gold circulating as money is incompatible with fractional reserve banking. This is absolutely true. Fractional reserve banking is the practice of lending out a multiple of the “reserves” that a commercial bank keeps with its central bank. It is a universal practice among commercial banks the world over. It is wholly inflationary, being in essence the creation of a multiple of the bank’s deposits out of thin air, that multiple being determined by the central bank’s “reserve ratio”. It was, until the GFC hit, the prime engine of global credit creation.

But the most damning condemnation of a “Gold standard” - according to Mr Conway (and every head of state and central banker in the world) - is that adopting Gold as money would mean that governments could no longer “adjust” interest rates. This is also absolutely true. It is also the second best argument there is why Gold as a circulating international standard money is vital in ANY real solution to the present global financial crisis. Next to their monopoly control of what is used as money, the most pernicious power in the entire arsenal of government intervention is their ability to manipulate interest rates. This is the power which has led directly to the fiscal crises now breaking out worldwide.

What is the best argument as to why Gold should be re-introduced as money? Very simple. Government cannot print it or create it out of thin air by “borrowing” it. Because they cannot do this, their power OVER their people is severely curtailed. Gold circulating as money is an essential bulwark of both economic freedom and political liberty. It deprives government of their means to RULE.

What Do We Have To Watch For?:

The fact is that all the vital components of the modern monetary system, the one Mr Conway says has failed, are listed as sacrosanct. According to the arguments from politicians and the mainstream financial media, certain components must be retained in any “viable” monetary system. Governments must be able to create money out of thin air by borrowing what they do not dare confiscate. The commercial banks must be able to create money out of thin air by lending out a multiple of the money entrusted to them by depositors. Central banks must be able to create money out of thin air by manipulating interest rates so that existing borrowers can service their debts and new borrowers can be induced to go into debt. Whatever new system emerges must retain all the essential features of the present system.

As long as that “argument” lasts, the situation will get worse and the bogeymen will proliferate. This will go on as long as the rest of the world continues to cling to the US as the “heart” of the existing system. How long is that? That’s what we have to watch for.

As always, there is much more thought provoking and extrmely
insightful content in Bill Buckler's periodic newsletter which we can
not recommend enough.


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Racer's picture

And the more real dangers..  cigarettes and driving in cars is not addressed in the same vigorous way at all.

How many people are killed by terrrorism compared to cigarettes alone?

Oh regional Indian's picture

Cars, yes.

Cigarettes, you just might be surprised.



And what a raw analysis. 

This week has all the makings of "Fear Days" redux.

Buy the dips because they are only going higher.


nmewn's picture

Everyone has their whipping boy...I guess yours is smoking & driving?

I'm pretty sure smoking...be it hashish or tobacco is a voluntary thing aligned with the freedom...as is the freedom allowed by driving oneself from point A to point B on their own schedule.

Terrorism asks for no volunteer victims, they just make them. 

i-dog's picture

You are right that they are not "volunteers" ... unless, like good citizens of democracies, they were to accept some responsibility for installing and supporting their own governments!

Most "victims" of terrorism are in fact victims of their own government's (or their co-conspirators') false flag events ... from Archduke Ferdinand in 1914, to the citizens and servicepersons in Pearl Harbour in 1941, to the guests and staff in Jerusalem's King David Hotel in 1948, to the inhabitants and first responders in the World Trade Centre in 2001. ALL of these were killed or seriously incapacitated at the hands of their own governments to further political agendas.

nmewn's picture


Here we go again...i-dog I respect your opinion on a lot of things...but this ain't one of them.

"to the inhabitants and first responders in the World Trade Centre in 2001. ALL of these were killed or seriously incapacitated at the hands of their own governments to further political agendas."

Were the "charges" in place before the AQ hijacked jets struck them? If so, how was this physically accomplished? You do realize the number of people who would have had to be in on it don't you? Where are they now? Why has no one come forward?...the guilt & shame would be excruciating for anyone involved. It would have taken a lot of people for something this size. The amount of C-4 to do the "job" could also not go undetected for long...let alone it's placement.

Furthermore, I recognize shock when I see it...W was genuinely shocked & shaken when he was informed while reading to those kids. So you must be saying he is a much better actor than everyone on the left gives him credit for (no I'm not saying you are on the left). Of everything else he was and is (including his fiscal faults which I condemned him for constantly) he is a Christian...this is something he would not have done or allowed against his own people. As a Christian he knows he would rot in hell for eternity.

Atta was seen (camera & witness's) boarding the flight. Cell phone calls to family were made by the victims to their families before the impacts. Voice technology cannot work when the computer doesn't know who or has no recording of, the victims voice to fake cell calls. Out of 300 million Americans there is no way to know who would be on those flights...and some called who were last minute boarders to boot.

So it was Arabs...specifically Saudis.

To believe any of it one must believe the US government hired Atta & co. to hijack the jets, to slash the throats of crew & passengers...this would be a rather suspicious proposition when viewed from Atta's point of view don't you think?

i-dog's picture

"I respect your opinion on a lot of things"

Thanks. I also respect yours, yet often disagree on political issues.

"Were the "charges" in place before the AQ hijacked jets struck them?"

Yes. First responders were greeted by explosions in the lobbies while aircraft were still burning 90 floors above them. The perpetrators had many months to plant the necessary charges. Planning for 9-11 started in 1998, though the charges were probably only installed during "renovations" in 2001.

"W was genuinely shocked & shaken when he was informed while reading to those kids."

To my reading, his reaction was more "bemusement". Maybe he was thinking "OK. Now I've got lots of extra work to do. Am I up to it?"

"he is a Christian"

His membership of Skull & Bones and the higher levels of Freemasonry also mean that he has indulged in some distinctly un-Christian activities. The Inquisitors were Christians ... Hitler was a Christian ... Jack The Ripper was a Christian ... Jim Jones was a Christian ... most Mafia hitmen are Christians............

"Atta was seen (camera & witness's) boarding the flight."

The "underpants bomber" was also seen boarding his flight. His CIA handler, who managed to negotiate the bomber's boarding -- without a passport or visa -- was less obvious and not reported at all.

"So it was Arabs...specifically Saudis."

You may believe the party line ... I don't. I came late to 9-11 "truth". For 6 years, until 2007, I simply mimicked what the mainstream media put out and therefore derided friends who pushed a conspiracy theory. Then I was pushed to do my own independent research by a business partner, "starting with Building 7". Recent video and audio releases, gained from NIST under court order, simply confirm my original findings: that the US government was fully informed and deeply involved ... irrespective of any Israeli and/or Saudi involvement.

As I said "governments (or their co-conspirators)". I stand by that. We will possibly soon know which of us is correct, when a proper public inquiry, with full Federal Grand Jury powers to compel witnesses to testify under oath, is conducted.

chopper read's picture

i'm a big fan of both you guys.  great exchange.

nmewn's picture

"Were the "charges" in place before the AQ hijacked jets struck them?"

"Yes. First responders were greeted by explosions in the lobbies while aircraft were still burning 90 floors above them."

If this is true it is the smoking gun you seek. The explosives would have left trace elements as to their composition & country of origin on those affected by the blast. The problem of course, is no first responders were injured by explosions in the lobby. I have read nothing or been presented with no evidence that paramedics, firemen, or police had any concussion injuries or burns associated with any blast. As you know many went up & down the stairwells while the towers were on fire. I find it unlikely after being confronted by bombs in the lobby they would have been ordered to press on by superiors & of course their union stewards would have been throwing apoplectic fits if true.

"W was genuinely shocked & shaken when he was informed while reading to those kids."

"To my reading, his reaction was more "bemusement". Maybe he was thinking "OK. Now I've got lots of extra work to do. Am I up to it?"

It's not what I saw.


"His membership of Skull & Bones and the higher levels of Freemasonry also mean that he has indulged in some distinctly un-Christian activities."

Skull & Bones...well maybe. Mason's no.

I know many who are Mason's. I myself was "invited"...but I'm not much of a joiner, outside of AAA & an NRA lifer I belong to no other private organization...LOL...but I know who Mason's are and they are not evil and they are, for the most part Christians who stand head & shoulders above most on the integrity & morality scale...as to the rest...clearly they were psycho's. (Let's not get sidetracked).

"The "underpants bomber" was also seen boarding his flight. His CIA handler, who managed to negotiate the bomber's boarding -- without a passport or visa -- was less obvious and not reported at all."

Link please.

"As I said "governments (or their co-conspirators)". I stand by that. We will possibly soon know which of us is correct, when a proper public inquiry, with full Federal Grand Jury powers to compel witnesses to testify under oath, is conducted."

And I have no problem with that whatsoever.


i-dog's picture

"I have read nothing or been presented with no evidence that paramedics, firemen, or police had any concussion injuries or burns associated with any blast."

The explosions were associated with shaped charges set on the internal support columns. They weren't trying to do an Oklahoma City and blow the whole freaking building in one big blast!! If you did your own investigation, rather than just believing the WSJ and NBC, you'd find plenty of reports. Here is one to get you started: http://www.youtube.com/watch?v=FGGP20137SA

"I know many who are Mason's."

So do I. And well above the first 3 levels of those who do the charitable work and social gatherings and have no knowledge of the power structure. BTW, Masons can be Christians, Muslims, Jews, whatever ... as long as they believe in a deity. Only atheists not admitted.

"Link please."

I'm sorry ... you'll have to do your own research [or not ... we are all free to make choices]. I don't keep track of all the links I visit when doing my own cross checking of media reports. Maybe you could start here: http://www.youtube.com/watch?v=73tZlkkxjts (start @6:30).

Anyway, I'm not going to debate this 'synthetic terrorism' (as Webster Tarpley calls it in his own book on 9-11) any further. You are free to believe whatever you like ... but, please, make sure it is based on reasonable investigation of both sides of any story.

nmewn's picture

Well I had a long rebuttal all typed out and realized I'm not wanting a big ass debate with you on this either...I think our positions are pretty well hardened.

I'm also not a big fan of geopol (Tarpley) either...it's been a long day for me anyways i-dog.

Gentlemen can agree to disagree on any issue and still keep their eye on what counts most.


cyclemadman's picture

Cigarettes and driving in cars are personal choices. When participating in those activities you accept the dangers.

Ripped Chunk's picture

junking puss bags out in force today.

GoinFawr's picture

Driving cars, a choice, right. Say, which country do we get a lot of oil from? Saudi Arabia? Interesting...

 Are all you in the GWB/Dick Cheney fan club beginning to see how this 'bogeyman' thing works yet?

(Please tell me at least one of you are, please)

Al Gorerhythm's picture

And the more real dangers..  cigarettes and driving in cars

The mind works in mysterious ways. An article based on the unraveling of the economic  norms and how the playbook is applied in trying to maintain the status quo and your surgical disassembly of the topic:  cigarette and automobile deaths? 

In regard to your concern about cigarette and automobile deaths, you did not address the most incredible fact that Barbie the doll, made her debut in 1959 at the American Toy Fair in NYC. Shame on you!

chopper read's picture

centralized money planning and fractional reserve counterfeiting with fiat money are both highly immoral and favor insiders at the expense of little old ladies scrubbing toilets.  

these scumbags will never let go of their positions of power until either it fully collapses under its own fraudulent weight, they consolidate even more power under a one-world currency (SDR), or we take back our right to trade freely in a bloody revolution.  

those who are direct linear beneficiaries, such as David Rockefeller, view these systems as their feudal birthright, everyone else can eat cake.

when is the focus going to turn towards the exact individuals, such as David Rockefeller, that this system favors most? 


Cognitive Dissonance's picture

....it was universally reported as a North Korean attack or assault on South Korea. The condemnation was instant, unanimous and choreographed.

Any time I see and hear the mainstream media speaking as one, I always assume I'm being propagandized. I have yet to be dissapointed.

E_pluribus_unum's picture

I love truth with the same part of myself that so adores beauty. You know it when you see it.

You just exposed a truth that people fear for much the same reason as so many shockingly beautiful Women wear make-up.

It is insecurity coupled with lovely, and appropriate self doubt, modesty.

If we can't rely on 'them' we would need to rely on ourselves.

That time has come.

honestann's picture

I'd say it came at least 97 years ago.

At this point, I'd say it might be "too late".

blindfaith's picture

made up truths don't lie.


think about it.

dark pools of soros's picture

correct ..  and then in between they split and bicker to their target audience until the next marching order is sent

Highrev's picture

Transparently ridiculous statements of this nature are par for the course. They are indulged in by the powers that be in every nation on a routine basis. They are blandly offered to the news media and equally blandly and unquestioningly reported.

It's not propaganda. They're incompetent morons. That’s the majority of the press. It’s not that they don’t question, it’s that they don’t know how to reason in the first place. And that’s not just the case with the press. It’s pervasive everywhere. It’s the Peter Principal taken to its logical extreme. Everyone has risen to their level of incompetence and there is no longer anyone competent in any leadership position regardless of where you look (well, almost – I know there’s an exception or two out there … we’ve got Tyler). And where do we go from there? I can assure you it’s not up.

honestann's picture

First, they are bought and paid-for by the predator class.

Since they only publish what the predators want them to, they no longer need intelligent, insightful, rational researchers and reporters.

Bob's picture

 . . . rational researchers and reporters, the great majority of whom have been axed in the last 20 years of corporatization, mergers and downsizing in the MSM.  Most--but not yet all--idealistic journalists are no longer interested in working for the MSM, which has been largely reduced to a Ken and Barbie talking head and filler industry.  Which is good, since the jobs are no longer there for them in any case.

Thanatos's picture

What Do We Have To Watch For?:

I'd say Bill Buckner is a good start.

Lndmvr's picture

Scroll on the news said something about " 20 wesites were closed down due to misinformation" and that Wikileaks was under a denial of service attack( by whom I wonder)?  Checked Zero, and all is well,  will it last the night?

cosmictrainwreck's picture

"MISINFORMATION"?! My God are we in deep doo-doo. Orwell's black=white has done arrived........

Things that go bump's picture

Thanks for that comment, it just reminded me to look up the IP address for zerohedge and save it to my favorites that way.

honestann's picture --- write it down, everyone.

Paul Bogdanich's picture

Gold standard - please.  look art the danm un-mined reserves.  Russia and South Africa.  Yeah sure go on the gold standard.  Between the two of them they could easily mine a billion + ounces a year.  Given we can't control the supply there is no way that gets to be the standard. 

CrockettAlmanac.com's picture

If you're going to unequivocally state that Russia and South Africa could double the supply of all the gold mined in the history of the world in a five year period, I'd like to see some data backing you up. Otherwise it's like saying you could screw 10,000 supermodels a year if you really wanted to.

Paul Bogdanich's picture

Too numerous to mention.  Go google "Russian alluvial gold" and see what you get.  Similarly go Google "South Africa gold deposits" and see what you get.  In my original list I also forgot mexico which has huge undeveloped reserves.  Russia is particularly interesting.  I count at least five mines in development each with an annual production capacity of 600 to 700 tonnes of refined gold.      

dnarby's picture

Alluvial gold?  Yeah, that will be easy to get to.  Spread out across millions of acres.

Gold deposits?  Yeah, those will be easy to get to.  Miles below the surface, grams secured in tons of rock, I'm sure oil will remain cheap and plentiful to supply the mining machinery.

You write about gold like it's just lying around on the surface in shiny, refined piles.

AUD's picture

Hah! You obviously haven't heard the old adage; "a gold mine is a hole in the ground with a liar at the top".

As for Russian alluvial gold, do you have any idea how much alluvial gold was 'mined' from the Klondike in the late 19th century? From various places in Australia, from California?

Did it make gold worthless & the gold standard inoperable? No.

Bay of Pigs's picture

This isn't gold amatuer hour around here. Google something else like "gold mine developement and production costs". It takes millions/billions to bring new mines into production. Not to mention the TIME involved on permitting, mapping, drilling, etc...

Free Radical's picture

As with oil, coal, etc., there is a difference between deposits and reserves, the former being (presumably) extant, the latter being economically extractable.  Mr. Bogdanich does not appear to appreciate the difference.

Hook Line and Sphincter's picture

Maybe, but Boggy has convinced me to head to Russia with my trusty sluice box.

Rusty Shorts's picture

Cowry Shells Bitchez


Shell money is a medium of exchange that was once common. It consisted either of whole sea shells or pieces of them which were worked into beads or otherwise artificially shaped. The use of shells in trade began as direct commodity exchange, the shells having value as body ornamentation (much like gold). The distinction between beads as commodities and beads as money has been the subject of debate among economic anthropologists.[1]

Shell money was not restricted to any one quarter of the globe, but in some form or other appears to have been found on almost every continent: America, Asia, Africa and Australia. The shell most widely-used worldwide as currency has always been the shell of the cowry species Cypraea moneta, the money cowry.



RockyRacoon's picture

I can see it now:  a fractional shell banking system.

Problem with shells is the infinitely divisible problem.

honestann's picture

And the predators-that-be are too adept at "shell games".

chopper read's picture

i'm fresh out of shells, but i do have a handful of sand.  will that do?

RafterManFMJ's picture

Been collecting shells for some time now. Have quite a selection in .223, .40 and 6.8 mm...

nmewn's picture

Ya know...it takes a lot of brass for you to come on here and say something like that.

Welcome aboard ;-)

honestann's picture

This is the just about the most small-minded and simplistic notion I have ever heard.  It is simply utter, pure nonsense.

This is the same argument that says "a gold standard is not fair because some countries have more gold in the ground".  Duh.

!!! That does not matter !!!

Listen up.  If you (or any country) is able to efficiently manufacture  ANYTHING  you can trade it for gold.  In other words, a gold standard does NOT favor those who have deposits of gold (which must be found and mined at very substantial cost in the vast majority of cases).

Instead, the gold standard favors  EVERYONE  who efficiently produces  ANYTHING  --- whether they trade those goods for gold or anything else.

It is stunning how utterly and completely so many people misunderstand an honest "gold standard".  Sheesh!

StychoKiller's picture

I posit that the misunderstanding is somewhat intentional -- after all, what is "fair" about someone having more Gold that someone else?  Socialists/Progressives abhor "unfairness!"

honestann's picture

Whoever believes this madness about "gold in the ground" should simply go out into the boonies, grab the gold "lying around", and get rich.  Wow, that was easy, huh?


Even if you are amazingly lucky and find a good piece of dirt to mine, you need to invest hundreds of millions of dollars and many years to start up your mine.  Fact is, gold mining isn't a very good investment, no matter where in the world you happen to be.

Youri Carma's picture

(LEAD) South Korean artillery mistakenly fired on DMZ, 28 November 2010, (Yonhap) http://english.yonhapnews.co.kr/news/2010/11/28/0200000000AEN20101128005300315.HTML

PAJU, South Korea, Nov. 28 (Yonhap) -- South Korea mistakenly fired an artillery shell toward the southern side of the Demilitarized Zone (DMZ) on Sunday afternoon and soon sent a message to North Korea that the firing was accidental, military officials said.

No casualties occurred from the accidental discharge that took place at around 3 p.m., the officials said.

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