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The Financial Con Of The Decade Explained So Simply Even A Congressman Will Get It

Tyler Durden's picture





 

Sometimes, when chasing the bouncing ball of fraud and corruption on a daily basis, it is easy to lose sight of the forest for the millions of trees (all of which have a 150% LTV fourth-lien on them, underwritten by Goldman Sachs, which is short the shrubbery tranche). Luckily, Charles Hugh Smith, of oftwominds.com has taken the time to put it all into such simple and compelling terms, even corrupt North Carolina congressmen will not have the chance to plead stupidity after reading this.

Of course, to those familiar with the work of Austrian economists, none of this will come as a surprise. 

1. Enable trillions of dollars in mortgages guaranteed to default by packaging unlimited quantities of them into mortgage-backed securities (MBS), creating umlimited demand for fraudulently originated loans.

2. Sell these MBS as "safe" to credulous investors, institutions, town councils in Norway, etc., i.e. "the bezzle" on a global scale.

3. Make huge "side bets" against these doomed mortgages so when they default then the short-side bets generate billions in profits.

4. Leverage each $1 of actual capital into $100 of high-risk bets.

5. Hide the utterly fraudulent bets offshore and/or off-balance sheet (not that the regulators you had muzzled would have noticed anyway).

6. When the longside bets go bad, transfer hundreds of billions of dollars in Federal guarantees, bailouts and backstops into the private hands which made the risky bets, either via direct payments or via proxies like AIG. Enable these private Power Elites to borrow hundreds of billions more from the Treasury/Fed at zero interest.

7. Deposit these funds at the Federal Reserve, where they earn 3-4%. Reap billions in guaranteed income by borrowing Federal money for free and getting paid interest by the Fed.

8. As profits pile up, start buying boatloads of short-term U.S. Treasuries. Now the taxpayers who absorbed the trillions in private losses and who transferred trillions in subsidies, backstops, guarantees, bailouts and loans to private banks and corporations, are now paying interest on the Treasuries their own money purchased for the banks/corporations.

9. Slowly acquire trillions of dollars in Treasuries--not difficult to do as the Federal government is borrowing $1.5 trillion a year.

10. Stop buying Treasuries and dump a boatload onto the market, forcing interest rates to rise as supply of new T-Bills exceeds demand (at least temporarily). Repeat as necessary to double and then triple interest rates paid on Treasuries.

11. Buy hundreds of billions in long-term Treasuries at high rates of interest. As interest rates rise, interest payments dwarf all other Federal spending, forcing extreme cuts in all other government spending.

12. Enjoy the hundreds of billions of dollars in interest payments being paid by taxpayers on Treasuries that were purchased with their money but which are safely in private hands.

Charles' conclusion does not need further commentary as it is absolutely spot on:

Since the Federal government could potentially inflate away these trillions in Treasuries, buy enough elected officials to force austerity so inflation remains tame. In essence, these private banks and corporations now own the revenue stream of the Federal government and its taxpayers. Neat con, and the marks will never understand how "saving our financial system" led to their servitude to the very interests they bailed out.

The circle is now complete: in "saving our financial system," the public borrowed trillions and transferred the money to private Power Elites, who then buy the public debt with the money swindled out of the taxpayer. Then the taxpayers transfer more wealth every year to the Power Elites/Plutocracy in the form of interest on the Treasury debt. The Power Elites will own the debt that was taken on to bail them out of bad private bets: this is the culmination of privatized gains, socialized risk.

In effect, it's a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better.

As for part two of this epic con we are all living through, Charles explains as follows:

The Con of the Decade (Part II) meshes neatly with the first Con of the Decade. Yesterday I described how the financial Plutocracy can transfer ownership of the Federal government's income stream via using the taxpayer's money to buy the debt that the taxpayers borrowed to bail out the Plutocracy.

In order for the con to work, however, the Power Elites and their politico toadies in Congress, the Treasury and the Fed must convince the peasantry that low tax rates on unearned income are not just "free market capitalism at its best" but that they are also "what the country needs to get moving again."

The first step of the con was successfully fobbed off on the peasantry in 2001: lower the taxes paid by the most productive peasants marginally while massively lowering the effective taxes paid by the financial Plutocracy.

One Year Later, No Sign of Improvement in America's Income Inequality Problem:

Income inequality has grown massively since 2000. According to Harvard Magazine, 66% of 2001-2007's income growth went to the top 1% of Americans, while the other 99% of the population got a measly 6% increase. How is this possible? One thing to consider is that in 2001, George W. Bush cut $1.3 trillion in taxes, and 32.6% of the cut went to the top 1%. Another factor is Bush's decision to increase the national debt from $5 trillion to $11 trillion. The combination of increased government spending and lower taxes helped the top 1% considerably.

The second part of the con is to mask much of the Power Elites' income streams behind tax shelters and other gaming-of-the-system so the advertised rate appears high to the peasantry but the effective rate paid on total income is much much lower.

The tax shelters are so numerous and so effective that it takes thousands of pages of tax codes and armies of toadies to pursue them all: family trusts, oil depletion allowances, tax-free bonds and of course special one-off tax breaks arranged by "captured" elected officials.

Step three is to convince the peasantry that $600 in unearned income (capital gains) should be taxed in the same way as $600 million. The entire key to the U.S. tax code is to tax earned income heavily but tax unearned income (the majority of the Plutocracy's income is of course unearned) not at all or very lightly.

In a system which rewarded productive work and provided disincentives to rampant speculation and fraud, the opposite would hold: unearned income would be taxed at much higher rates than earned income, which would be taxed lightly, especially at household incomes below $100,000.

If the goal were to encourage "investing" while reining in the sort of speculations which "earn" hedge fund managers $600 million each (no typo, that was the average of the top 10 hedgies' personal take of their funds gains), then all unearned income (interest, dividends, capital gains, rents from property, oil wells, etc.) up to $6,000 a year would be free--no tax. Unearned income between $6,000 and $60,000 would be taxed at 20%, roughly half the top rate for earned income. This would leave 95% of U.S. households properly encouraged to invest via low tax rates.

Above $60,000, then unearned income would be taxed the same as earned income, and above $1 million (the top 1/10 of 1% of households) then it would be taxed at 50%. Above $10 million, it would be taxed at 60%. Such a system would offer disincentives to the speculative hauls made by the top 1/10 of 1% while encouraging investing in the lower 99%.

Could such a system actually be passed into law and enforced by a captured, toady bureaucracy and Congress? Of course not. But it is still a worthy exercise to take apart the rationalizations being offered to justify rampant speculative looting, collusion, corruption and fraud.

The last step of the con is to raise taxes on the productive peasantry to provide the revenues needed to pay the Plutocracy its interest on Treasuries. If the "Bush tax cuts" are repealed, the actual effective rates paid on unearned income will remain half (20%) of the rates on earned income (wages, salaries, profits earned from small business, etc.) which are roughly 40% at higher income levels.

The financial Plutocracy will champion the need to rein in Federal debt, now that they have raised the debt via plundering the public coffers and extended ownership over that debt.

Now the con boils down to insuring the peasantry pay enough taxes to pay the interest on the Federal debt--interest which is sure to rise considerably. The 1% T-Bill rates were just part of the con to convince the peasantry that trillions of dollars could be borrowed "with no consequences." Those rates will steadily rise once the financial Power Elites own enough of the Treasury debt. Then the game plan will be to lock in handsome returns on long-term Treasuries, and command the toady politicos to support "austerity."

The austerity will not extend to the financial Elites, of course. That's the whole purpose of the con. "Some are more equal than others," indeed.

h/t Andrew

 


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Sat, 07/10/2010 - 22:24 | Link to Comment anarkst
anarkst's picture

It's the ultimate 'something for nothing' scam.

Sun, 07/11/2010 - 09:31 | Link to Comment fightthepower
fightthepower's picture

I had to stop reading when he started talking about income in equality.  Why the hell should income be equal?

Why should the government steel money from productive people and give it to people that for one reason or another don't make much money?

Sun, 07/11/2010 - 10:16 | Link to Comment Mr. Anonymous
Mr. Anonymous's picture

Indeed. Far better the government steal from the middle class and give to the plutarchs.  Equality is for pussies.

Sun, 07/11/2010 - 13:21 | Link to Comment B9K9
B9K9's picture

I've always liked reading CHS, and have occasionally exchanged emails with him on various topics. If it appears he has left out the last, "final" step, it may be for a reason: he is relying on the readers' knowledge of history to conclude the ultimate outcome.

As usual, there's a lot of good comments on this thread, with more than a few hinting at what happens during the end-game as well. For those who don't understand the point to which I am driving, you may understand recent history, but what do you know about 1290 or 1492?

The final stage isn't austerity, it's when debtor nations go Icelandic. In all previous versions of this tale, the power-elite don't end up with real assets; rather, they flee with their lives & a few possessions. It's why they have an anchor in the ME.

It's only a matter of time.

Sun, 07/11/2010 - 20:41 | Link to Comment JR
JR's picture

I remembered this from reading my dad’s college textbook, A History of England and The British Empire by Walter Phelps Hall, Princeton University, and Robert Greenhalgh Albion, Harvard University:

“The king (Edward) meanwhile cut off one old source of royal revenue in 1290, when he banished all Jews from England.  The earlier kings (see page 86) had allowed them to make fortunes at lending money and then had fleeced them regularly.  Edward’s edict, which met with popular approval, kept the Jews banished until about 1650…”  p. 151

Page 86:

“The pipe roll reveals some additional sources of revenue which throw little credit on the ‘Lion of  Justice.’ In addition to the usual fines from regular and forest courts, Henry accepted bribes to influence court judgments.  In a case where a Norman was being sued for a debt by three Jews, the king was offered £133 by the former and got  £24 cash from the latter.  We do not know who won the case, but it was understood that the loser’s bribe would be returned.  The Jewish moneylenders, who began coming to England in the Conqueror’s wake, and whose usurious interest rates sometimes reached 86 percent a year, were called the ‘king’s sponges’ because they were tolerated by Henry at the price of frequent heavy fines on trivial pretexts.  They had a monopoly of moneylending in the early middle ages because the Church forbade Christians to lend money at interest.”

Sun, 07/11/2010 - 14:39 | Link to Comment illyia
illyia's picture

There will be nowhere to hide.

No mountain will be high enough,

no river will be wide enough,

no ocean will be deep enough,

To keep [US] away from you...

;o)

Sun, 07/11/2010 - 15:12 | Link to Comment crosey
crosey's picture

"If anything in this life is certain, if history has taught us anything, it is that you can kill anyone." - Michael Corleone

 

These epic thieves will die, that is a certainty.  They can only enjoy what time they have left.

Sun, 07/11/2010 - 16:37 | Link to Comment Big Corked Boots
Big Corked Boots's picture

Sorry to disagree but these epic thieves have survived generations and centuries; the vile cycles they have created will come again. My only hope is to stay from thier wake.

Sun, 07/11/2010 - 20:23 | Link to Comment G-R-U-N-T
G-R-U-N-T's picture

You may be right Big Corked Boots, however the "Epic Thieves" of old have not seen knowledge, and information transfer so clearly, and directly to the masses of the world as the internet.

 

Mon, 07/12/2010 - 00:00 | Link to Comment SheHunter
SheHunter's picture

Touche G-R-U-N-T.  Flagged it perfect.

Sun, 07/11/2010 - 20:30 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Re:  My only hope is to stay from thier wake.

 

Sadly, this is too true.   I'm hoping for the same thing.  I've only got 30 more years to go, and no kids.   (Keeping my fingers crossed)

Sun, 07/11/2010 - 21:17 | Link to Comment Bear
Bear's picture

To say this is a 'Jewish Problem' is absolutely nuts. This is a universal problem that transcends one group. The repeal of Glass-Steagall in 1999, set this in motion and those that promoted this wicked repeal were not Jews, nor controlled by them. They were power hungry politicians who were more interested in getting reelected (Congress) and a Library (Clinton), than they were in the welfare of those they were elected to serve. Greed is a human weakness that is not exclusive to anyone.

Of course there is no one in this thread that would try to make as much as they could on their investments.

I am not making excuses for anyone with this comment, since everyone associated with this Con should be incarcerated. Expelling the Jew (as in 1290 and 1492) is nuts.  

Mon, 07/12/2010 - 13:25 | Link to Comment WaterWings
WaterWings's picture

You know it's a funny thing. Why can't people, throughout all history, get along with them Jews? What's up with that?

http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200...

http://www.youtube.com/watch?v=U62c5Tccj0I

Mon, 07/12/2010 - 00:19 | Link to Comment Apocalypse Now
Apocalypse Now's picture

There is no end to this game, history and future is constantly unfolding, but the private international financial central bank franchise is a game like monopoly.  The best analogy to the structure of this entire game is the story of the grain of rice on a square of a chess board, with a request from the lender to double it for each square - after doubling for 63 squares the number exceeds all the grains of rice in the world.  This is what we are witnessing with quadrillions in derivatives and compound interest, the same force that Einstein said was the most powerful force in the Universe.  The game has been won in its current structure, and there are no challengers. 

Capital and intelligence agencies are symbiotic, and human progress since the creation of the system has been impressive.  On one hand, if everyone was hoarding their own gold in vaults there would most likely be less industries and jobs since credit creation (out of thin air) has helped business models that are essentially ponzi schemes that operate on extreme leverage.  I have no problem with income inequality since people do not apply themselves equally, and there is a big difference between banking and other productive industries.  Structurally there is an issue with wealth without work - this is the difference between a goldman sachs and Apple.

We need to add #13: Banks that create loans with no deposits/reserves out of thin air can foreclose and take posession of real assets from a paper loan the moment a homeowner/borrower misses a payment.  As long as this is backstopped by the government, it is an organized takeover - they did nothing to acquire the real assets except create a loan out of thin air - there is no bankruptcy risk for the TBTF since they are backstopped - 10 times more dangerous than a bank with risk of potential bankruptcy, it is no longer about profit but the game of Monopoly - Acquire as many real assets from paper assets as possible.  This is not the first time, they have done it many times before:

James Buel, American Bankers Association meeting, 1877 - in a letter to ABA members to do everything to prevent the U.S. returning to Greenbacks It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as will oppose the greenback issue of paper money and that you will also withhold patronage from all applicants who are not willing to oppose the government issue of money. ... To repeal the Act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders. See your Congressman at once and engage him to support our interests that we may control legislation. American Bankers Association, 1891, as printed in the Congressional Record of April 29, 1913 On September 1st, 1894, we will not renew our loans under any consideration. On September 1st wee will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at out own price... Then the farmers will become tenants as in England.
Sun, 07/18/2010 - 14:58 | Link to Comment hbjork1
hbjork1's picture

Grains of rice doubled 63 times amounts to about 9.2 million trillion.

Isn't that the projected national debt for a few years from now?

 

Sun, 07/11/2010 - 10:29 | Link to Comment aurum
aurum's picture

if you believe in an excecutive to non management compensation ratios of 300 or 400 to 1 then i can understand your feelings...theres absolutely no reason for the disparity other than greed. in the end (as we now see approaching) it is a contributor to the downfall of our society. if the ratio was cut in half or better yet to 100-1 at most and dispersed back to the employees which in turn would push the newly found earnings back into the economy, we would we all would be better off. greed at the top has provoked revolutions since the onset of civilization. if things do not change, the result will be the same. 

Sun, 07/11/2010 - 11:56 | Link to Comment trav7777
trav7777's picture

You are both correct.  A big problem is this income disparity.  Outsourcing didn't lower costs for consumers.  It increased profits for corporations which executives and their cronies decided to pay to themselves for gutting our industrial and economic base.

CEO payscales at 25:1 were sane and were what were the norm throughout most of the heyday of this nation. 

But the answer is not government, it is actually unions.  The problem now is that union leadership sold out to the executive class and now forms an interlocking directorate with corporations.

Another wrinkle is the fact that in reality, pensions and mooch funds truly own US corporations.  Their directors have sat back and allowed this to occur when several companies own enough shares on behalf of 401ks that they could seat their OWN directors just by voting their beneficial shares.  Yet, they sat and let companies like CSCO pay an entire DECADE's worth of profits to directors, instead of paying dividends.

It appears everyone got caught up in the stock ponzi; the share price appreciation was "good enough" for mgmt to provide to shareholders, as opposed to real cash flow and real income.

The executives TOOK the real cash and they left price ponzi gains to owners.  Those gains have now been unwound and they are not coming back.  Never ever trade ponzi price for real cashflow.  Ever.  I cannot fathom how supposedly conservative, professional investment managers the likes of John Bogle fell for this shit.  He's Mr. Vanguard and he constantly talks about dividends and cashflow and income yet his funds own companies that pay meager or no dividends and he depends upon price ponzi for his gains despite knowing in his core philosophy that this .com phenomenon is total bullshit.  I guess perhaps the mooch fund and pension directors are in on the scam in some way.

Honest unions were the only entities which forced disgorgement by directors and owners to employees of a greater share of profits.  Unfortunately, the former have all now been corrupted.  Consequently, there no longer remains any labor pricing power.  Corporations these days will cut their own foot off and show you the door rather than pay you a growing wage, even for high-skilled work that cannot be replaced.  But, at the same time, executives constantly "negotiate" ever more lucrative "compensation" packages with their cronies on the boards.  It's like pro athletes.  Ticket sales are in the shitter but the salaries keep going up up up.  Corporations make that up by cutting wages in the lower levels and by reducing staffing.  Anything they can to keep the executive bonuses and payscales rising.

Sun, 07/11/2010 - 12:19 | Link to Comment fightthepower
fightthepower's picture

Unions just make workers lazy.  I'm trying hard, but I can't think of any example where I would rather be a customer of of a company that is unionized.  Unions always provide higher cost and lower quality.  Please help if you can think of any exceptions?

Sun, 07/11/2010 - 12:25 | Link to Comment Muir
Muir's picture

"Please help if you can think of any exceptions?"

 

Did you forget the "/sarcasm" switch?

Hmmm... I guess the myriad of Chinese non-unionized products are to your taste and workmanship standard.

Sun, 07/11/2010 - 20:28 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

So true.

 

One thing I love about the last 2 years is how the peasants are STILL more pissed off at other peasants getting loot from the system (via unions - which are only 10% of the population) than they are the nobility that is getting most of the loot.

 

You can lead a peasants to knowledge, but you can't make the think.

Sun, 07/11/2010 - 20:48 | Link to Comment Muir
Muir's picture

Yeap!

Amazing these madhatters.

Been saying this for a while, but stupid is as Palin does.

They don't get it. Worry about the few unionized and forget about the top .1%(tenth)

amazing

Sun, 07/18/2010 - 15:34 | Link to Comment hbjork1
hbjork1's picture

This issue of getting lazy is apparently a human problem.  At a certainly large diesel engine manufacturer, the management worked with the union to train and migrate mentally qualified (and sufficiently senior) union personal into skill jobs in quality assurance functions previously occupied by salaried workers. Routine dimensional measurement of critical parts sampled from the assembly line bins assured that critical parts such as pistions, and rods actually being installed were OK. The union guys applied their intelligence to the task and came up with an improved method.  They figured out how to assign the measurements of a part that had already passed quality check to the results report for every serial number part that came in for measurement. 

Not only did this make for happier more relaxed workers but resulted in improved reliability reports as well. 

Understand also that these people cannot be fired because who exactly did it is hard to prove.  They must be disiplined by the union.

IMO, it is not that Unions make workers lazy.  It is lack of management creativity in rotating jobs and assigning responsibility that tends to make employees lazy.  In the example above, the union heirarchy decreed that the most senior people got the choice of jobs.

 

Sun, 07/11/2010 - 12:22 | Link to Comment Muir
Muir's picture

Nice Trav.

+1

Sun, 07/11/2010 - 13:06 | Link to Comment SWRichmond
SWRichmond's picture

But the answer is not government, it is actually unions.  The problem now is that union leadership sold out to the executive class and now forms an interlocking directorate with corporations.

+ 1.  This will be seen just as the pendulum swinging, I think.  When we return to a production-based economy (we have no choice) the need for actual labor unions as a counterbalance to the corporatocracy will be obvious.  Public sector unions, though, are nothing more than voting bloks of the bloodsuckers that comprise the satrapy.

Sun, 07/11/2010 - 21:47 | Link to Comment Bear
Bear's picture

This will take inspired, confident leadership that will be able to explain what has been going while simultaneous exposing the Media that conspires to laud (drool over) our current set of statist leaders (President, Congress).

Unfortunately, this would most likely be a fascist mind who would lie, cheat, and maim to punish the evil as a means of grabbing power. Or:

1.) Create Congressional Term Limits

2.) Eliminate 'influence' before and after public service. With seven year specific restriction and severe penalties.

3.) Reinstate Glass-Steagall

4.) Expand corporate governance via the internet and not 'elected' boards

5.) Audit the FED

These would provide a good start and a good platform for going forward. When drugs are involved, you have to strike the source of the drugs or the source of its funding or both.    

Sun, 07/11/2010 - 14:13 | Link to Comment goldfish1
goldfish1's picture

My lay suggestion for a start to the fix:

 

Take the top 1 percent of Americans and reduce their wealth by 65%

Take the next 9 percent and reduce their wealth by 47%

Take the next 10 percent and reduce their wealth by 39%

Implement a 50% inheritance tax for the top twenty percent.

THEN...reduce ALL taxes across the board by 50%, exempting the top twenty percent of individuals and corporations in the income tax section.

Increase ALL corporate taxes for the top 20% of corporations to 75%.

Use all proceeds to:

Eliminate all credit card debt and student loans.

Reduce all single family residence mortgages to 1998 property valuation levels and 3% fixed interest over 30 years and roll back property taxes.

Then mandate a balanced budget for all federal, state and local governments of which physical infrastructure projects must account for 50% of expenditures.

 

Sun, 07/11/2010 - 15:20 | Link to Comment Nikki
Nikki's picture

Taking 39% of peoples wealth who earn 80-100k is your proposal ?. The top 20-10% bracket. That is wealthy ?. Between property value decrease and 401k losses I'd say I already gave, and I give handsomely every pay day to SS and unemployed do nothings.

Please come over to collect what you think my fair share is. I've got a present for you at the end of a barrel.. I am pretty sure you'll never make it past too many houses to get to me, but I'll keep my share waiting in case you do think I owe more...

Sun, 07/11/2010 - 16:20 | Link to Comment goldfish1
goldfish1's picture

People who own only the top twenty % of all wealth only make 80-100K?

Sun, 07/11/2010 - 15:20 | Link to Comment oldbold
oldbold's picture

Gee, sounds good for you. Welcome to the United States of "me want".

Tell me again why the top 20% will stick around for your plan? 

People with assets have already established residences and citizenships overseas, as well corporations. US Embassies overseas can't keep up with the number of expat americans wanting to turn in their passports...in some countries there's a 4 year waiting list to renounce US citizenship, which is truly sad. I'm not endorsing that behavior, but it is a fact that it's happening, and will probably accelerate. Until you place a wall around the country, people will flee forced redistribution of their assets.

US Corporations have even fewer holds on their country of residence. Check on Venezuela lately to see how well this kind of fiscal land grab works, or is that where you're posting from?

Sun, 07/11/2010 - 16:24 | Link to Comment goldfish1
goldfish1's picture

People with assets have already established residences and citizenships overseas, as well corporations.

 

A good many of these are the people who have capitalized on the laws made so they could steal from the middle class. I say they should return a portion their ill gotten gains. Perhaps my percentages are off.

Sun, 07/11/2010 - 15:54 | Link to Comment fightthepower
fightthepower's picture

People like you are why I own guns, as state above, if you or your government thugs come for me, I have a nice lead gift for you. 

Sun, 07/11/2010 - 16:32 | Link to Comment goldfish1
goldfish1's picture


Yeah, well if your wealth has been transferred to you ala the Ken Lay and other thugs method, I think it is wise you have protection from the proletariat.

 

When the top percent has stolen everything from the middle and bottom, I hope there will be redistribution...it's the way things balance themselves.

Mon, 07/12/2010 - 13:36 | Link to Comment WaterWings
WaterWings's picture

I'm with fightthepower. Come and take it. We already know what happens when you try to "redistribute". How about get back what was ours in the first place and then let us decide what we want done with our own sweat.

Sun, 07/18/2010 - 14:44 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

Yeh, great idea, give a bunch of money to the government.  They deserve it, they are great money managers.  

Sun, 07/11/2010 - 17:25 | Link to Comment francis_sawyer
francis_sawyer's picture

The "FIX" is already in... Capiche? (More correct [in Italiano]: "Ai capito bene?")...

Sun, 07/11/2010 - 20:55 | Link to Comment MsCreant
MsCreant's picture

I have an alternate plan. Prosecute these fuckers and clawback the ill gotten goods. Freeze their assets and then seize those assets upon conviction. Now that is what I call a workable redistribution of the wealth.

Sun, 07/11/2010 - 22:03 | Link to Comment Bear
Bear's picture

Right On ... Justice

Sun, 07/11/2010 - 22:02 | Link to Comment Bear
Bear's picture

Wow welcome to the USSA ... Obama-Pelosi on steroids ... just what we need more Govern redistribution of wealth. No, evaluate the actions of the Robber Barons and punish the criminal acts. I have amassed a million dollars over a lifetime of private enterprise, hard labor and prudent risk taking and you would steal this in some misdirected effort to punish the rich ... Why?

Sun, 07/11/2010 - 23:37 | Link to Comment merehuman
merehuman's picture

of course you sincerely NEED THAT MUCH money all by your lonesome?

I once had a thousand ounces of silver as that was my goal.Since then i have given away 250 oz  one at a time to various folks in my community. No point me having all that and others got none! We are family after all in the larger view and that is where i live.

Its well bejond time to care about others as you would have them care for you.

My busyness is shut , retiring, 10 bucks in the bank and about to sell truck and equipment to buy silver , lumber and fertilizer for my most excellent garden.  Turnips, peas and radishes today! taste great!

Mon, 07/12/2010 - 07:48 | Link to Comment nedwardkelly
nedwardkelly's picture

He didn't say he needed it and there's absolutely no reason he shouldn't have it if he wants it bad enough to work for it.

You don't NEED much at all if you're going to be a turnip farmer, but until they absolutely have to be one most people like to be able to afford the comforts of modern life.

Sun, 07/11/2010 - 14:27 | Link to Comment Gargoyle
Gargoyle's picture

Very well said.

 

Sun, 07/11/2010 - 19:12 | Link to Comment Nels
Nels's picture

The problem of high management wages isn't one that is integral to capitalism.  It's caused by government.  The causes are in the laws that limited hostile takeovers, and otherwise limited the ability to throw the bums out.

Sun, 07/11/2010 - 23:01 | Link to Comment AllYourBaseAreB...
AllYourBaseAreBelongToUs's picture

Um, what?  So now it's a government problem that boards of directors don't vote out their own (corrupt CEOs)?

 

People like you who place all blame on the government (or on the flip side, solely on capitalism) are part of the problem.

Tue, 01/18/2011 - 11:42 | Link to Comment Nels
Nels's picture

The boards of directors are the 'bums'.  No, I don't expect them to throw themselves out.

I'm talking about the rules against hostile takeovers, and rules permitting the boards of directors to reward some stockholders and punish others, or having staggered terms on the board so it takes multiple years for a shareholder majority to make it's will felt.

Mon, 07/12/2010 - 02:26 | Link to Comment amusedobserver
amusedobserver's picture

Nels, you are absolutely right.  This is something I have seen and hated for a long time.  In a capitalist society, a hostile takeover is the one event that will clean out the corrupt bastards in charge and put corporate assets back in competitive hands.  I've never understood how all shares can be "equal" if the BoD can declare that if someone buys X% of the stock, then that triggers a poison pill that gives the rest of the shareholders stock or warrants except the X% owner doesn't get them too.  How did that even come about in a democratic society?  I don't invest in companies that have poison pill arrangements.

 

The other thing I always vote against is employee stock ownership plans, ever since I found out that that is the reason stock is diluted so badly these days.  Shares that go into an ESOP don't have to have equivalent rights offerings to existing shareholders.  A long time ago I bought stock in a company that had about 9 million shares outstanding at the time.  Over the next ten years the shares outstanding about doubled to 17 million, cutting my proportionate ownership in half without ever getting the right to buy on the same terms as the ESOP.  Blatant unfairness.  If the employees want stock, let them buy it with their own money, cash on the barrelhead, like everyone else.

Sun, 07/11/2010 - 11:16 | Link to Comment chrisina
chrisina's picture

1. Explain what you call "productive people" ? Is a brick layer who builds a house more or less "productive" than the guy who packages and sells MBS ?

2. The author didn't suggest that incomes should be equal. He noted however that government policies over the last decade had made incomes even more unequal than they already were a decade ago.

Sun, 07/11/2010 - 12:15 | Link to Comment fightthepower
fightthepower's picture

I say again, why should incomes be equal or even be at some ratio?  The government shouldn't care either way.  The government shouldn't redistribute wealth.

Sun, 07/11/2010 - 12:45 | Link to Comment chrisina
chrisina's picture

Nobody here suggested that incomes should be equal. But government and central bank policies affect income disparity, either postively or negatively, and not only fiscal policies but all economic policies.

After WWII in the West income inequality decreased over time, reaching a minimum around the 70s as the rich had gotten richer as well as the middle class and the poor had gotten wealther. Then it went in the opposite direction, and the middle class is gradually getting squeezed. The crisis is actually accelerating this process. History shows over and over that when such a degradation occurs for too long and too much of the middle class loses their perceived status to the benefit of the rich, then comes a revolution.

The main redstribution of wealth that is taking place right now is that of the middle class being transfered to the rich. As a matter of fact, exactly the opposte of what Obama had been advocating.

I agree that Government shouldn't be in the business of redistributing wealth, but over the last 3 decades that's what has been taking place, and not in the direction that you say it is.

Sun, 07/11/2010 - 16:36 | Link to Comment Things that go bump
Things that go bump's picture

Yes, and they know history as well as you do.  I think they think it is different this time.  Everyone always thinks it is different this time.  People  see trouble coming and they say to themselves they will get out in time and then they don't.  

 

You know, the French monarchy and nobility were aware there were problems brewing well before the revolution.  After all, Louis the XV said "Apre moi le deluge," but they just couldn't bring themselves to make the necessary changes and they died for their greed.   I don't much care about the ruling class getting what they have coming to them, but you know, once things like this start going down it isn't just the ruling class that winds up with their heads rolling, either.  Before the Terror was over, housewives heard complaining in the market about the price of bread were condemned and sent to the guillotine.   The ruling class may be the first up against the wall when the revolution comes, but they won't be the last. 

Sun, 07/11/2010 - 14:11 | Link to Comment goldfish1
goldfish1's picture

"""The government shouldn't redistribute wealth."""

But alas, it has.

Mon, 07/12/2010 - 18:16 | Link to Comment Dr Hackenbush
Dr Hackenbush's picture

That's funny, most free people favor a free market!  It is the massive infringement on the free market's supply/demand that's causing the "need" for government redistribution.  Despite the appearance of wealth being created from nothing, the reality is that there are trade-offs needed and eventually someone will have to reconcile the books and maintain an orderly society. The mechanism called Keynesianism is a self determining, self perpetuating mechanism that allows the power elite to manipulate the perception of wealth, through currency, and thereby artificially control the balance of the market place.

Sun, 07/11/2010 - 17:45 | Link to Comment truthispower
truthispower's picture

I'm for a redistribution of wealth! But not from working Americans who actually earned it in the 200-400k range. I'm for distributing the wealth that the top 1/10 of 1% own. The top 1% own more than 50% of all the wealth in America. The very few at the very top own the wealth of nations. The world is macro managed by a small group of the wealthiest on the planet. Redistribute the wealth by cutting the taxes for the poor and the middle class. Were being taxed into the grave. The wealth is constantly being redistributed from the majority to the minority, through fraud, usury, and ponzi schemes.

Mon, 07/12/2010 - 12:25 | Link to Comment goldfish1
goldfish1's picture

I'm for distributing the wealth that the top 1/10 of 1% own. The top 1% own more than 50% of all the wealth in America. The very few at the very top own the wealth of nations.

Certainly they should be a the forefront of the fixing.

Mon, 07/12/2010 - 12:25 | Link to Comment goldfish1
goldfish1's picture

I'm for distributing the wealth that the top 1/10 of 1% own. The top 1% own more than 50% of all the wealth in America. The very few at the very top own the wealth of nations.

Certainly they should be at the forefront of the fixing.

Sun, 07/11/2010 - 20:34 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Re:  The government shouldn't redistribute wealth.

 

What else does government exist for?

 

If you were a smart amoral scumbag and could afford a Senate sociopath or two, wouldn't YOU have them vote you some government loot?

 

If you answered no, then you obviously are NOT a smart amoral scumbag.   The smart amoral scumbags rule the earth.    Always have, always will.

 

Time to throw off the libertarian fantasies and start thinking like a smart amoral scumbag. 

Sun, 07/11/2010 - 23:06 | Link to Comment AllYourBaseAreB...
AllYourBaseAreBelongToUs's picture

+1

Sun, 07/11/2010 - 20:26 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Jeeez.   

 

If this comment doesn't prove that "you can lead a peasant to knowledge but you can't make him think" I don't know WHAT does.

 

The role of government has always been and will always be to redistribute taxpayer loot to somebody.   The goal in life is to be the one getting the loot.  The easiest way to get this loot is to purchase politicians (aka sociopaths) to lie to the dumbass peasants.   

 

There's the nobility, the vassals, and the peasants.  You can't choose if you're born a peasant (or not) but you can choose to be dumbass. 

 

Sun, 07/11/2010 - 22:06 | Link to Comment G-R-U-N-T
G-R-U-N-T's picture

(aka sociopaths)

Profile of a Politician:

  • Glibness/Superficial Charm
    Language can be used without effort by them to confuse and convince their audience. Captivating storytellers that exude self-confidence, they can spin a web that intrigues others. Since they are persuasive, they have the capacity to destroy their critics verbally or emotionally.
     

  • Manipulative and Conning
    They never recognize the rights of others and see their self-serving behaviors permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They dominate and humiliate their victims.
     

  • Grandiose Sense of Self
    Feels entitled to certain things as "their right." Craves adulation and attendance. Must be the center of attention with their own fantasies as the "spokesman for God," "enlightened,"  "leader of humankind," etc. Creates an us-versus-them mentality.
     

  • Pathological Lying
    Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and able to pass lie detector tests.
     

  • Lack of Remorse, Shame or Guilt
    A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.
     

  • Shallow Emotions
    When they show what seems to be warmth, joy, love and compassion, it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.
     

  • Incapacity for Love
    While they talk about "God's love" they are unable to give or receive it. Since they do not believe in the genuineness of their followers' love, they are very harsh in testing it from their devotees and expect them to feel guilt for their failings. Expects unconditional surrender.
     

  • Need for Stimulation
    Living on the edge, yet testing the beliefs of their followers with bizarre rules, punishments and behaviors. Verbal outbursts and physical punishments are normal.
     

  • Callousness/Lack of Empathy
    Unable to empathize with the pain of their victims, having only contempt for others' feelings of distress and readily taking advantage of them. Their skills are used to exploit, abuse and exert power. Since the follower cannot believe their leader would callously hurt them, they rationalize the behavior as necessary for their (or the group's) own "good" and deny the abuse. When devotees become aware of the exploitation it feels like a "spiritual rape" to them.
     

  • Poor Behavioral Controls/Impulsive Nature
    Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others. The followers only see them as near perfect.
     

  • Early Behavior Problems/Juvenile Delinquency
    Usually has a history of behavioral and academic difficulties, yet "gets by" by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.
     

  • Irresponsibility/Unreliability
    Not concerned about wrecking others' lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blame their followers or others outside their group. Blame reinforces passivity and obedience and produces guilt, shame, terror and conformity in the followers.
     

  • Promiscuous Sexual Behavior/Infidelity
    Totalist leaders frequently practice promiscuity, child sexual abuse, rape and sexual acting out of all sorts. This is usually kept hidden from all but the inner circle. Stringent sexual control of their followers, such as forced breakups and divorces, removal of children from parents, rules for dating, etc.

  • Lack of Realistic Life Plan/Parasitic Lifestyle
    Tends to move around a lot or makes all encompassing promises for the future. Many groups claim as their goal world-domination or other utopian promises. Great contrast between the leader's opulent lifestyle and the followers' impoverishment. Support by gifts and donations from the followers who are pressured to give through fear and guilt. Highly sensitive to their own pain and health.
     

  • Criminal or Entrepreneurial Versatility
    Changes their image and that of the group as needed to avoid prosecution and to increase income and to recruit a range of members. Is able to adapt or relocate as needed to preserve the group. Can resurface later with a new name, a new front group and a new twist on the scam.

 

Other Related Qualities:

  • Contemptuous of those who seek to understand them

  • Does not perceive that anything is wrong with them

  • Authoritarian

  • Secretive

  • Paranoid

  • Only rarely in difficulty with the law, but seeks out situations where their tyrannical behavior will be tolerated, condoned, or admired

  • Conventional appearance
     

  • Goal of enslavement of their victim(s)
     

  • Exercises despotic control over every aspect of the victim's life

  • Has an emotional need to justify their crimes and therefore needs their victim's affirmation (respect, gratitude and love)
     

  • Ultimate goal is the creation of a willing victim
     

  • Incapable of real human attachment to another
     

  • Unable to feel remorse or guilt
     

  • Extreme narcissism and grandiose
     

  • May state readily that their goal is to rule the world

 

Yep, that about sums it up!

Mon, 07/12/2010 - 02:14 | Link to Comment Bear
Bear's picture

Pete Stark, Nancy Pelosi, and Barry Obama come to mind.

Tue, 07/13/2010 - 02:46 | Link to Comment Shylockracy
Shylockracy's picture

Grunt, this post is anti-semitic.

Sun, 07/11/2010 - 20:36 | Link to Comment ToNYC
ToNYC's picture

The government doesn't know whay 'productive' is. The government actually believes that it itself is productive! Making money from asymmetrical arbitrage and political scheme are not productive. Insurance sold not what is delivered is not productive. Create something rather than living off the buying and selling of others. It's the people's money in various forms and indidual custodians; it needs to be out in the field working, creating, not discovered and re-buried like gold.

Sun, 07/11/2010 - 23:08 | Link to Comment brushfire
brushfire's picture

i hope this is a joke. the point isn't that income should be equal. the point is that the system is being rigged in favor of those with money and political access to the detriment of those without said means. the american ideal positively states that income should not be equal, but rather, should be based on ability. in our current system, income is not based on ability; it is based on existing means and political connections. now, try reading again, and this time, think about what is being said.

for future reference, governments dont steel money, they steal it.

Sun, 07/11/2010 - 13:23 | Link to Comment jm
jm's picture

All economic turmoil (and we have plenty of it now) is nature's way of redistributing wealth.  The bigger the economic pain, the more massive the redistribution of wealth.  There is an opportunity in everything. 

Deleveraging means that owners (equities) lose and creditors (bonds) gain.  Owners always try to stop this by any means necessary. That means bending the rules through corruption.

It shouldn't be about the stealing from the poor and giving to the haves.  It should be about some rich getting richer at the expense of other rich. I observe that the poor are now saddled with playing the game of life with a trick deck. The poor are almost always screwed in any circumstance, but now they need luck equivalent to a big lottery ticket to escape their situation.   

It's so bad this time that even the middle class feels the pickpocket.  They know they are not allowed to even incrementally increase their wealth through saving and playing by the rules. 

Sun, 07/11/2010 - 15:54 | Link to Comment mike moll
mike moll's picture

Hi I do not understand how to reply at the level of the article itself so I reply to the first respondent.

I loved this article because it really just shows how it is. The "lords" (huh!)  dont care even about square meters they look at lands, countries, australias, usa's,  thats what they are collecting.

I saw a beautifully designed (unfortunately overdesigned and ugly) white, spotlessly clean, ocean boat recently. The name on the back was "Hamilton" and, next to that, there was a large, decorated, "A". Hallo to the family.

It was parked outside the queen's house (in Copenhagen).

I dont lie. I never do that its too expensive.

Later there was this strange conference on "climate". By the way I found Chancellor Merkel and President Sarkozy did well there. They may be influenced by the lords but I find them honest. Well done! Thanks to you both. You do change the world.

The scale of the "lord's" doings is immense.

You know, I go talk to the birds! They often exaggerate. I went to the waterside every day in the winter, in rain and snow, and gave bread to the wild sea birds. There was one I remember who came right close, a hand lengths away, and hovered, helicopter like, so close I could just give her bread. They even saw me coming and went with me the last 50 meters to meet and eat.

The world belongs to the meek.

Sun, 07/11/2010 - 18:11 | Link to Comment russki standart
russki standart's picture

Yes, the meek shall inherit the earth... after the strong have finished with it.

Mon, 07/19/2010 - 09:13 | Link to Comment blindfaith
blindfaith's picture

yes it is true!  My Priest said so...of course I had to get 50 bucks out of the ATM in the hall to give to him for the answer, but I got it.  So I said ' father, you mean the poor, weak, down trodden, lame, the innocent... will inherit the earth after all'?  He says " NO asshole, the cockroaches...bugs, they are the meak".

There is no time in history where wealth was controled by the few and it lasted for long.  And, it always ended badly for the most of the wealthy.  But a few dollars can go along way, and some sellout cheaper than others...so the process just starts over.  The rich bought our government ( laws, "john locke" stock and all, and rewrote it to their purpose) while we watched TV and played video games.

 

So many angry words here, so many angry threats, so many angry fead up folks that no one is afraid of.  My gosh, as long as all the anger is in blogging and not in the streets, who is going to pay any attention to your angry words?  Please, look at yourselves.  You might frighten some childern but thats it.

Who among you would begin a march on Washington to stop a war?  Hands please, well my kind did.  Who among you would would go the Lincoln Memorial and stand for equality once and for all?  My kind did.  Who among you would march with the farmers and 15,000 tractors to the Capitol to save the farms?  ANY of you??????  Well, we did.  And, we made a difference.

WHO is Afraid of you...no one.  Blog your hearts out, who cares...certainly not this government any more than the last one or the next one...certainly not Wall Street, shit you still have your money with them, and the big bad banks you all condemn...bet you still have your accounts there. 

"Not with a bang, but a wimper" everyone wimpers but no big bang.  Everyone is waiting for their own personal big bang.     Here...have another bite of the apple and everything is another sunny day.  A sunny day for you, and a another day in hell for half the people in the US who still think it will all work out OK or the Lone Ranger is coming, or Jesus, or someone.

Sun, 07/18/2010 - 13:48 | Link to Comment ATG
ATG's picture

http://www.apttax.com/execsummary.php stops the scam.

So does replacing the Fed with a fixed money supply that appreciates with productivity.

Both are Constitutional..

Sat, 07/10/2010 - 22:28 | Link to Comment JackTheOffer
JackTheOffer's picture

The Financial Con Of The Decade Explained So Simply Even A Congressman Will Get It

"Will" get it is too optimistic.  Change to "Might" get it.

Sat, 07/10/2010 - 23:21 | Link to Comment Rollerball
Rollerball's picture

They'll "get it", but why will be a mystery only to them.

Sun, 07/11/2010 - 09:29 | Link to Comment russki standart
russki standart's picture

The congressmen are not stupid, they are bought and paid by the same banksters.

Sun, 07/11/2010 - 14:41 | Link to Comment Akrunner907
Akrunner907's picture

You hit the nail on the head.  The falacy of the article is that it portrays the participants as one sided; instead, the politicians are part of the pain.  Look at the recent decision by the Supreme Court in the Citizens United case.  In public, the politicians were in an uproar claiming how bad the decision is.  In reality, the politicians and oligarch that control them were in the backroom celebrating.  Now the corporations can continue to buy the politicians that will play ball and keep the game going.  The sad thing is that they are using all of our money to benefit a select few.  Our pension money is invested in the stocks, and our tax money is used to pay interest on the debt they hold.  In between, these elites are allowed to skim the cream off the top.  Just enough to make their lives the envy of everyone, but allow the plan to continue.  Capitalism has replaced imperialism.  It use to be countries did the exploitation, now it is just any company that has enough global reach. 

The sad part of this whole situation is that the "game" only continues as long as sheeple keep buying into the campaign rhetoric they will stay indentured servants.  Unfortunately, they are all still asleep! 

Sun, 07/11/2010 - 20:38 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

The politicians are sociopaths vetted through the US political Party system from the time they were local political scum.

 

The predictable result is a political system of sociopaths manipulating the dumbasses.   There is no OTHER result possible when the nobility get to pick which sociopaths run in the "elections". 

Sat, 07/10/2010 - 22:28 | Link to Comment Goldenballs
Goldenballs's picture

Capitalism is consuming itself,profit is destroying the very bedrock of a stable society which in turn makes its leaders ever more desperate to hide the truth and point the finger in other directions instead of being accountable themselves.The truth will come out in the future as to whether the worlds financial systems are beyond repair or whether we are seeing the death spiral with each move ever more desperate than the last one.

Sat, 07/10/2010 - 23:01 | Link to Comment Dark Helmet
Dark Helmet's picture

You can't have capitalism without a very limited government. Capitalism with an unlimited government results in said unlimited government being bought and paid for by the capitalists, and the system degenerates into fascism.

We really lost our way in WWII when we transformed from a somewhat limited republic into an empire. We won the war but lost our country in the process. We never de-militarized, and we're turning into exactly what we defeated back then.

Sun, 07/11/2010 - 01:43 | Link to Comment divide_by_zero
divide_by_zero's picture

Perfectly stated

Sun, 07/11/2010 - 08:07 | Link to Comment SWRichmond
SWRichmond's picture

Patrick Henry at the Virginia Ratification Debates:

"But we are told that we need not fear; because those in power, being our representatives, will not abuse the powers we put in their hands. I am not well versed in history, but I will submit to your recollection, whether liberty has been destroyed most often by the licentiousness of the people, or by the tyranny of rulers. I imagine, sir, you will find the balance on the side of tyranny. Happy will you be if you miss the fate of those nations, who, omitting to resist their oppressors, or negligently suffering their liberty to be wrested from them, have groaned under intolerable despotism! Most of the human race are now in this deplorable condition; and those nations who have gone in search of grandeur, power, and splendor, have also fallen a sacrifice, and been the victims of their own folly. While they acquired those visionary blessings, they lost their freedom."

Sun, 07/11/2010 - 13:35 | Link to Comment JR
JR's picture

Thanks, SWRichmond, for these words from one of the greatest men who ever walked the earth.  And, how timely, coming with full realization from this ZH blockbuster of just how extensively Patrick Henry’s fears have been realized. 

This incredible piece now leads to an inescapable conclusion.  A cartel of private bankers owns the Fed, the Media, the Treasury, the Congress, the President, and every single function of the executive branch they choose to functionalize…from managing the Dow Jones average to bombing villages.

You would think they own it all; but they don’t own the people!  And it ‘s with this spirit that we now recall Patrick Henry’s words: “Why sit we here idle?”

Sun, 07/11/2010 - 09:05 | Link to Comment LeBalance
LeBalance's picture

Jawohl!

300,000 Nazis (G.H.W. Bush aka Sherff) brought to the US in the closing days of WWII and integrated into the US/OSS (William "Wild Bill" Donovan) to form the CIA.

Third Reich never died.  Long Live the Holy Roman Empire!

(as in: same thing).

Sun, 07/11/2010 - 09:33 | Link to Comment breezer1
breezer1's picture

the bushes have 100,000 acres in paraguay sitting atop a natural gas deposit next to the moon's larger land package which sits atop one of the country's largest aquifers. all within a short distance to a secret us air base housing 500 special forces. didn't hitler have a similar getaway? as reggie would say," some bad shit about to happen".

Sun, 07/11/2010 - 10:00 | Link to Comment LeBalance
LeBalance's picture

Yes, Adolf came to the US.  Lived a long time.

Sun, 07/11/2010 - 20:46 | Link to Comment velobabe
velobabe's picture

.

Sun, 07/11/2010 - 14:22 | Link to Comment sgt_doom
sgt_doom's picture

Good point, and equally interesting are those resort-like getaways or regular guarded communities for the ultra-rich, all (as far as the ones I've found to date) curiously situated at relatively high altitudes: the mansion community at a high elevation in Wyoming, the one in Nevada overlooking Lake Tahoe, the one in West Virginia, and others.

Sun, 07/11/2010 - 14:27 | Link to Comment goldfish1
goldfish1's picture

Paraguay:

 

It's a perfect place to be imprisoned.

Sun, 07/11/2010 - 21:41 | Link to Comment fightthepower
fightthepower's picture

Link?

Sun, 07/11/2010 - 15:45 | Link to Comment DavidPierre
DavidPierre's picture

1945-1946: 

 William Draper, a partner in the New York investment firm of Dillon, Read and Company, is appointed head of the Economics Division of the U.S. Control Commission in occupied Germany.

He is given the job of taking apart the Nazi corporate cartels which, in partnership with American corporations and financiers, had installed, financed and armed Adolf Hitler for the takeover of Germany and the attempted takeover of half the world.

 

 

It is a subject about which Draper is extraordinarily well informed since he has spent fifteen years of his life, and has grown very, very wealthy, financing and assembling the Nazi cartels in the first place.

Dillon, Read was largely reponsible for financing the rebirth of the German armaments industry in the period between the two world wars.

Draper's company set up, financed and had directors on the board of Fritz Thyssen's German Steel Trust which was Hitler's biggest German corporate contributor and which provided almost half of Germany's steel and a third of its explosives throughout World War Two.

 

 

Draper's role in unleashing the Nazis on the world goes beyond merely financing them and arranging their cartels.

Like many other members of the Hitler Project, including the Harrimans, Prescott Bush and the Dulles brothers, Draper is a key figure in the American eugenics movement, the engine which drove the Nazis' master race delusions.

 

 

Instead of being prosecuted for his role in creating the Nazi monster, Draper is given the power to decide who will keep their assets, who will lose them and, for all practical purposes who will or will not be prosecuted for war crimes.

It is hardly suprising that Draper ensures that most of the backers of the Hitler Project retain their assets.

An example of Draper's efforts of behalf of his erstwhile Nazi friends and clients is the fate of the Rockefellers' partner in numerous Nazi businesses, including Auschwitz, IG Farben. Far from being dismembered and destroyed, the so-called "daughters" of IG Farben, which include Bayer, BASF and Hoechst among many other corporations, today completely dominate the world chemical and pharmaceutical industry.

 

 

Following Farben in importance to the Nazis were the steel and weapons makers, Krupp and Thyssen.

Thanks to the efforts of Nazi financier William Draper, they too are doing just fine today, merged in very happy marriage as one of the world's largest steel producers and owning, in total, some 670 companies around the world.

The star spangled elements of the Nazi cartels such as the Rockefellers' Standard Oil (Exxon-Mobil), General Electric, IT&T, Ford, General Motors, IBM, Dupont and Alcoa, carry on without missing a beat.

 

 

But ensuring that his former clients in the Third Reich do not suffer too much isn't Draper's greatest accomplishment. He is, amongst many other things, an amateur magician, a card-carrying member of the Society of American Magicians, and he puts his gift of deception to good use.

He and his colleagues evolve the truly magical idea that the ordinary German people are solely responsible for, and collectively guilty of, the rise of Adolf Hitler and for the Nazi crimes which followed.

 

 

The reality is, of course, that ordinary Germans were the first victims of the Hitler Project organized by Draper and his clubmates in New York and their corporate clients in Germany. Germans were propagandized and terrorized into submission to the Nazis, opposition politicians were assassinated, their country was hijacked and they were conscripted into Nazi armies to kill and die for the New World Order.

It was ordinary Germans whose country was utterly devastated by bombing, the civilian targets anyway. Millions of carpenters, farmers, factory workers, school children, shopkeepers, teachers, housewives and old people who wanted nothing more than to be left alone to live their lives, had their homes, farms and businesses destroyed, their lives snuffed out or shattered.

 

 

These ordinary German people, in the Draper-invented lie, are responsible for the horrors of Nazism. Not the Harrimans, not the Bushes, not the Duponts, not the Warburgs, not the Morgan interests, not the Dulles brothers, not the Rockefellers, not General Motors, not John J. McCloy, not Henry Ford, not IBM, not Dupont and certainly not Sosthenes Behn and IT&T. Not even Krupp, Thyssen or IG Farben. And, not even that dependable old Nazi financier and stalwart of the Hitler Project, William Draper himself.

 

 

The people who financed Hitler, who provided hundreds of thousands of weapons to the SS and the SA so that they could terrorize the German population into submission and murder all political opponents bear no responsibility.

The people who financed and organized massive pro-Nazi propaganda campaigns inside Germany, bear no responsibility. The people who funded and provided the impetus for the eugenics movement in Germany which led to the gas chambers, bear no responsibility.

The people who made the panzers,aircraft aluminum, bombs, armor plate and radar, and made a fortune doing it, bear no responsibility.

The people who provided the fuel and manufactured the dive bombers bear no responsibility. The people who built and operated the concentration camps bear no responsibility.

The people who used slave labor bear no responsibility. The people who were developing the Nazi atomic bomb bear no responsibility.

The people who made billions of dollars financing and arming Hitler and made more billions "defeating" him and then made more even billions "rebuilding" Europe bear no responsibilty.

After all, that's just good business.

And there is another group who, it seems, bear no responsibility, the Jewish financiers who labored mightily for decades, and increased their fortunes, building the Third Reich into a formidable war machine.

Among them are the Warburg family which was instrumental in creating the three most important Nazi cartels, IG Farben, Krupp and Thyssen and who arranged finance for the acquisition of the Hamburg Amerika steamship line which was instrumental in the takeover of Germany by the Nazis. Members of the Warburg family sat on the board of directors of IG Farben alongside their Nazi clients.

Other Jewish-owned businesses which played vital roles in the Hitler Project include the New York investment houses of Kuhn-Loeb, Hallgarten and Company and Goldman-Sachs. And William Draper's own WASPish-sounding Nazi finance house of Dillon, Read, had been founded by Clarence Dillon who was of Jewish descent and had been born Clarence Lapowski.

 

 

Draper's great deception, the creation of the myth of the collective guilt of the ordinary German people for the horrors of Nazism, is still in full force and effect to this day.

Germany is awash in memorials to the Jewish and Soviet victims of Nazism. There is virtually no recognition of non-Jewish German dead including the almost 600,000 civilians killed by Allied bombing. Since the end of the war, some sixty billion dollars has been paid by the German people in compensation to some of the victims of Nazism.

That money has not come from the Bushes or the Harrimans or the Dulles brothers. It has not come from the Rockefellers or the Fords or the Duponts. It has not come from the Warburgs or even from William Draper. It has come, inevitably, from ordinary Germany taxpayers who, it seems, just can't be punished enough for "their" collective crime.

Sun, 07/11/2010 - 16:41 | Link to Comment Akrunner907
Akrunner907's picture

Thanks, Dave............that was a great bit of information of how the worm turns.

Sun, 07/11/2010 - 23:08 | Link to Comment nmewn
nmewn's picture

He forgot to mention Keynes & Papa Kennedy.

The Baath Party of Saddam Hussien's Iraq was structured on facism as well, as is Syria's of today.

But don't let silly facts get in the way of chosen narrative here.

 

Mon, 07/12/2010 - 14:07 | Link to Comment WaterWings
WaterWings's picture

If you want an Oscar make a movie about the 40,000,000+ Christians murdered by Stalin - er, I mean the Holocaust.

http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200...

Sun, 07/11/2010 - 22:29 | Link to Comment Cpl Hicks
Cpl Hicks's picture

Pretty wild shit, dude. Tell me how we ended up with Barack Obama.

Oh, by the way, try on a hat that isn't so tight. http://zapatopi.net/afdb/

Sun, 07/11/2010 - 10:01 | Link to Comment Virginian
Virginian's picture

Spot on!

Sun, 07/11/2010 - 20:41 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Re:  We never de-militarized, and we're turning into exactly what we defeated back then.

 

Well said!   The socialists and fascists have worked together to make the government so big it no longer cares about the peasants.  

 

Unfortunately, there is no way back.  Nothing EVER gets smaller gracefully.

Sat, 07/10/2010 - 23:19 | Link to Comment tmosley
tmosley's picture

We haven't had capitalism for 97 years.

Replace "capitalism" with "the centrally planned economy" and you would be exactly correct.

Sun, 07/11/2010 - 17:32 | Link to Comment francis_sawyer
francis_sawyer's picture

Correct... Basically... After all, it's hard to really talk about "CAPITAL-ism" when most of the existing structure revolves around CREDIT, right?

Ask Ned Ryerson (he'll tell ya)...

Sun, 07/11/2010 - 00:07 | Link to Comment Attitude_Check
Attitude_Check's picture

This is FRAUD.  It occurs in all economic systems. Capitalism is not immune, nor particularly more prone.  The fraud and corruption in the USSR was huge also,

Sun, 07/11/2010 - 20:44 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Both systems have / had a nobility.  The nobility in both pick sociopath politicians to spin stories for the dumbass peasants.

 

Sadly, there are lots of dumbasses that still believe there's a difference between the Republicans and Democrats.    But, as somebody famous once said:  The dumbasses will always be with us.

Sun, 07/11/2010 - 17:14 | Link to Comment velobabe
velobabe's picture

.

Sun, 07/11/2010 - 14:19 | Link to Comment sgt_doom
sgt_doom's picture

You're exactly right...estimated self-destruction date is by the end of 2012.

This was ascertained by three independent groups and one very brilliant government analyst back in 1978.  It was predicated upon the dissolution of the Soviet Union, correctly predicted by around 1990.  Without that as a countervailing force, predatory capitalism would chew its own tail with excessive greed.

I forget, but didn't Marx predict something similar??

 

Sat, 07/10/2010 - 22:29 | Link to Comment Amish Hacker
Amish Hacker's picture

Step 13: Bamboozle the public with a lot of dire prophecies of what will happen if they don't cooperate, then claim you have always derived your authority from the consent of the governed.

Sat, 07/10/2010 - 22:30 | Link to Comment Reese Bobby
Reese Bobby's picture

I find, "buy enough elected officials to force austerity so inflation remains tame" as highly improbable.  Elected officials only care about the next election.  They'll play ball with what he calls "The Power Elites/Plutocracy as long as their interests don't conflict."  Inflation you can blame on "the market."  Elected officials pay for austerity measures in elections.

Sun, 07/11/2010 - 10:05 | Link to Comment King_of_simpletons
King_of_simpletons's picture

Nothing is going to get fixed. No change will ever come. It is only going to get worse. Why pay the peasants a fair deal when the plutocrats can payoff the middlemen (congressmen, senators, el-presidente) and keep all the loot for themselves.

Sat, 07/10/2010 - 22:30 | Link to Comment Sqworl
Sqworl's picture

Just drank it up with the elites in South Hampton...somebody said, I wonder what the poor people are doing???

Sat, 07/10/2010 - 22:47 | Link to Comment sourgrapesson
sourgrapesson's picture

Sounds like something one would say who could be related to that dead queen of mean bitch Leona Helmsley.  

Sat, 07/10/2010 - 23:24 | Link to Comment Rollerball
Rollerball's picture

Praying they'll camel through that eye of the needle.

Sat, 07/10/2010 - 23:37 | Link to Comment TuesdayBen
TuesdayBen's picture

Oh, the Poor People?  Well, what we're doing this fine evening, the 46th Saturday evening since the severance package was granted, is relaxing on the sofa in our bank's SFH, enjoying some low-budget entertainment in the form of ZH courtesy of some neighbor's wifi signal.  Just returned from the first night out in over a week - Outback Steakhouse's business is way down, yet the price of the chicken sandwich w/ side salad and tax increased from $10.40 to $11.95.

Is Obama's focus on job creation still laser-like?  Lacking substance, ephemeral, fleeting.

Say, is it true that federal income taxes will be raised sharply next year?  If so, you 'workers' have my condolences.

Sat, 07/10/2010 - 23:45 | Link to Comment jeff montanye
jeff montanye's picture

it is a good chicken sandwich but what the ...?

Sun, 07/11/2010 - 09:32 | Link to Comment FEDbuster
FEDbuster's picture

No more chicken sandwiches here, the Outback here (Prescott, AZ) closed down last month.

Sun, 07/11/2010 - 06:09 | Link to Comment Eric Cartman
Eric Cartman's picture

Yeah, went to Red Robbin for a burger the other day with my girlfriend and the waitress said "we have new menu's." At first glance it looked the same until I saw the price for the Whisky River BBQ burger I always order. It went up from $8.29 to $9.29. I think I saw about 10 tables occupied, the rest were all empty. Now I know why. No more Red Robbin for me! 

Sun, 07/11/2010 - 10:00 | Link to Comment Boilermaker
Boilermaker's picture

I'd bet my left nut that the portions went downward as well.  Red Robin does, however, make a tasty burger.  I don't know if it's $10 good...but it is good.

Sun, 07/11/2010 - 10:34 | Link to Comment gmrpeabody
gmrpeabody's picture

  I don't know where the hell all you people are coming from on this topic. Every study and every index known to mankind shows conclusively and absolutely that CPI is DOWN or TRENDING DOWN. There is no inflation, nor will there be inflation. Any wild inflation predictions are the product of crazed gold bug types screaming their book, and nothing more. You simply cannot fall for all the hype from blogs such as Tyler or Jesse. ;-) 

  BTW...that whiskey river BBQ burger went up even more here, and the new $6 hourly paid cooks wouldn't know what a medium was if it bit them on the ass.

 

Sun, 07/11/2010 - 12:03 | Link to Comment trav7777
trav7777's picture

CPI gets "hedonic" adjustments.

For example, when people opt for starvation because they cannot afford food, food cost component of CPI goes to 0.  No inflation!

I grocery shop at Slaveway enough to have noticed the same trend.  Prices are moving upward, not downward.  So much for my precious FRNs, Douchinger.  Sometimes the store will hang "new low price!!" tagging on an item and I've been there and bought it for long enough to recognize that the price is actually HIGHER.

Has anyone noticed that a bag of Doritos now costs nearly $4??  WTF

Sun, 07/11/2010 - 13:14 | Link to Comment voltaic
voltaic's picture

Girlfriend just mentioned to me that Secret deodorant was advertising a "new lower price", of course that came with a non-advertised "new less weight." 

Sun, 07/11/2010 - 16:38 | Link to Comment Cathartes Aura
Cathartes Aura's picture

while I don't buy "corporate" food (Nabisco, et al), I do occasionally shop in supermarkets - and like to peruse the isles to see what the current claw-backs are. . . check your ingredients, they're definitely going towards "filler" - bought some pesto (basil, parmesan, olive oil, simple ingredients really), and upon use, found it tasted hella bitter - checked the ingredients, "parsley" is the new green cheap filler. . . parsley is not an ingredient of pesto. . .

also, be on the look-out for "mechanically reclaimed meat" - it's a named food source, AFTER the meat is removed from the bones, what's left is blasted off, and added to food products as "meat". . . it's been used for decades, but I've noticed it's been creeping up the ingredient list the past couple years - if it's high or even first on the list, you may want to reconsider eating it. . .

with regards foods "downsizing" in packaging, it's been going on for a couple years now. . . shopped with friends for a gathering, noticed boxes of crackers, side-by-side on the shelf, different volumes, losing about 1-2 ounces with "new improved packaging". . . lol

but seriously, if you've never checked ingredients before, you might want to. . . or just cut back on the shopping for pre-made "fud" products.

Sun, 07/11/2010 - 20:10 | Link to Comment litoralkey
litoralkey's picture

posting this late:

RE: reclaimed meat products, as of 12 years ago, over 95% of this was used in pet food,, today over 60% is used in human food, mostly by fast food chains and as you mentioned, convenience food brands on supermarket shelves.

It's the part most likely to be diseased due to contact with intestinal contents.

Sun, 07/11/2010 - 20:20 | Link to Comment Kali
Kali's picture

So, not just impoverished Seniors eating cat food anymore.  I have dealt with many food processors and growers over the years.  That's why I grow a lot of my own, or buy it directly from the people I trust who do.  If most people really knew what they were eating or how it was processed, they wouldn't.

Mon, 07/12/2010 - 14:12 | Link to Comment WaterWings
WaterWings's picture

"Do you want lies with that?"

http://www.youtube.com/watch?v=zc_z623Wsro

Sun, 07/11/2010 - 20:47 | Link to Comment velobabe
velobabe's picture

.

Sun, 07/11/2010 - 17:36 | Link to Comment francis_sawyer
francis_sawyer's picture

"Everyday Low Prices"... bitchez!

Sun, 07/11/2010 - 14:13 | Link to Comment gridlocked
gridlocked's picture

Funny how services are rising at a phenomenal rate.

 BCBS up 10.5%

Cable up 9%

Electric up 10%

Property taxes (mine anyway) up 7.2%

The CPI is the most BS stat ever created.

 

Mon, 07/12/2010 - 00:52 | Link to Comment Eric Cartman
Eric Cartman's picture

Hey guys check it out! We have another Government Junkie in the club. I want "gmrpeabody" first. He will Respect Mah Authoritah! 


Mon, 11/01/2010 - 23:02 | Link to Comment Eric Cartman
Eric Cartman's picture

Well, I made up for it with a smaller tip. She wasn't that good anyway and the place was dead. So in the end, it is the little guy who takes the hit. In this case, waiters and waitresses are gonna get shafted. 

Mon, 07/12/2010 - 00:46 | Link to Comment Eric Cartman
Eric Cartman's picture

Who ever junked me for pointing out inflation in the food supply needs a good kick in the nutz! The Fuck.

Sun, 07/11/2010 - 08:49 | Link to Comment Dburn
Dburn's picture

The best one I heard was "glad all you fuckers are working, so I don't have too. Thanks"

Sat, 07/10/2010 - 23:26 | Link to Comment Hephasteus
Hephasteus's picture

They are designing a new game. It's like baseball only you just use the bat.

Sun, 07/11/2010 - 09:38 | Link to Comment FEDbuster
FEDbuster's picture

Yes, and one of their new bats will be the VAT.  Value Added Tax hits the poor right in the crotch, while having little effect on elites. 

The fact that the American serf class is well armed hasn't even slowed them down a bit.  Of course they are making sure local police are militarized, so they can put down any insurrections.

Sun, 07/11/2010 - 13:28 | Link to Comment Suisse
Suisse's picture

The true poor are unarmed and unable to afford firearms and ammunition.

Sun, 07/11/2010 - 18:01 | Link to Comment DeanTheMachine
DeanTheMachine's picture

So all those losers shooting each other in the ghettos are rich? Or they're just not the "true poor."

Sun, 07/11/2010 - 20:51 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Jeez,  no "the poor" aren't just "those people".

 

Plenty of crack addled white trash running around your suburbs too.    Not sure if they've got money for guns-n-ammo after they spend money on their pimped-up SUV (with the low profile tires).  

Sun, 07/11/2010 - 21:59 | Link to Comment Ardent Spirits
Ardent Spirits's picture

Got a news flash for you. The cops will just step back, go home & protect themselves & their families. The National Guard won't do the dirty work either, the more fascist officers won't survive the first day. I think a VAT would be iffy to pass, better chance for a national Internet commerce sales tax.

Sat, 07/10/2010 - 23:57 | Link to Comment amusedobserver
amusedobserver's picture

I think this is a saying whose origins are lost in the mist of time.  My father and uncle (mom's side) both had a similar saying, "Wonder what the poor people are eating?"  that they would say at a family feast.  They grew up in the Great Depression, my mom's side was particularly poor, growing up in the upper midwest with bare feet and lard sandwiches.  It means that no matter how bad off you were, there was always someone worse off, the "poor".  And no matter how poor you were, you still saw yourself as middle-class.  Of course, the context is lost when it is said now.

Sun, 07/11/2010 - 00:29 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Nobody is worse off than those poor souls eating the bare feet and lard sandwiches.

Sun, 07/11/2010 - 05:12 | Link to Comment twinturbo
twinturbo's picture

Thank you Genuine LOL amongst genuine dismay.

Sun, 07/11/2010 - 08:38 | Link to Comment Gully Foyle
Gully Foyle's picture

CrockettAlmanac.com

http://news.nationalgeographic.com/news/2008/01/080130-AP-haiti-eatin.html

Poor Haitians Resort to Eating Dirt

Charlene, 16 with a month-old son, has come to rely on a traditional Haitian remedy for hunger pangs: cookies made of dried yellow dirt from the country's central plateau.

...

 

[an old convict and H.I. lying on their prison bunks, passing the time]
Ear-Bending Cellmate: ...and when there was no meat, we ate fowl and when there was no fowl, we ate crawdad and when there was no crawdad to be found, we ate sand.
H.I.: You ate what?
Ear-Bending Cellmate: We ate sand.
[pause]
H.I.: You ate SAND?
Ear-Bending Cellmate: That's right!

Sun, 07/11/2010 - 09:45 | Link to Comment CPL
CPL's picture

And that explains only that the island cannot produce enough food by itself to feed it's population of 9.8 million packed into 10,500 sq miles (about the size of Massachusetts, pop 6.6 million)

Malthusian rules are in effect along with the islands crippling poverty in education and money.

Sun, 07/11/2010 - 12:13 | Link to Comment trav7777
trav7777's picture

Just like Singapore, Hong Kong, Luxembourg, Lichtenstein, etc., right?

Somehow they've managed to make a good go of it despite the densities.  Haiti's problem is Haitians.

Sun, 07/11/2010 - 16:50 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

A large share of Haiti's problems come courtesy of American corporatism and miltary adventurism (yeah, I know it's difficult to believe...).

 

"I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested."

 

-- Smedley Butler, War is a Racket

Sun, 07/11/2010 - 16:55 | Link to Comment Cathartes Aura
Cathartes Aura's picture

Haiti's problem is the United States and the oil addiction.  What do you suppose are the

 economic and strategic reasons the US has constructed its  in the fifth largest embassy in the world - fifth only besides the US embassy in China, Iraq, Iran and Germany - in tiny Haiti, post the 2004 Haiti Bush regime change.

they've known of this since the 60's, and of course, it is necessary to keep the country impoverished and de-stabilised for whenever they need to tap into that valuable resource.

UN Special Envoy to Haiti, Bill Clinton, is giving the UN occupation a facelift so that its troops stay in Haiti for the duration.

http://www.globalresearch.ca/index.php?context=va&aid=17149

Sun, 07/11/2010 - 15:13 | Link to Comment konputa
konputa's picture

haha. i love it.

Sun, 07/11/2010 - 09:40 | Link to Comment breezer1
breezer1's picture

'what are the poor people doing'?

bill buckner's 'the privateer' newsletter answered that today. they are watching hotdog eating contests in celebration of the 4th of july.

Sat, 07/10/2010 - 22:31 | Link to Comment Peterpaul
Peterpaul's picture

Charles Hugh Smith is a national treasure. He also has a part two to this post here:

http://www.oftwominds.com/blogjuly10/con-of-decade-pt2-07-10.html

 

Quote:

The last step of the con is to raise taxes on the productive peasantry to provide the revenues needed to pay the Plutocracy its interest on Treasuries. If the "Bush tax cuts" are repealed, the actual effective rates paid on unearned income will remain half (20%) of the rates on earned income (wages, salaries, profits earned from small business, etc.) which are roughly 40% at higher income levels.

Sun, 07/11/2010 - 09:43 | Link to Comment breezer1
breezer1's picture

i agree. i have been reading his posts for a long time and am a contributor. very human.

Sat, 07/10/2010 - 22:37 | Link to Comment Goldenballs
Goldenballs's picture

Depends where you are poor I suppose but most of them are shitting their pants.

 

Or removing items from your house while you are in South Hampton,ready for the Sunday boot sale.

Sat, 07/10/2010 - 22:39 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Just in case you don't understand how it works, when replying to some one's comment, you click on the "reply" under that comment and type your thoughts.

Just in case you don't understand how it works. It does look like you know how to edit.

Sat, 07/10/2010 - 22:49 | Link to Comment jeff montanye
jeff montanye's picture

good tutorial.  now for some old but good news:  check out peter beinart on the failure of the jewish establishment.  gives one hope.  if we say it takes more than a generation to make things better there, why should it be faster here?  the silicon?

Sun, 07/11/2010 - 01:41 | Link to Comment BurritoGas
BurritoGas's picture

nvm.

Sat, 07/10/2010 - 23:39 | Link to Comment Rollerball
Rollerball's picture

Define "Jewish".  Is that akin (synonomous with) "Jew-like"?  Seems Jew-like have done pretty well since writing various interpretations of the universal moral code.

http://theinfounderground.com/forum/viewtopic.php?f=6&t=5367

http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200...
Sat, 07/10/2010 - 23:49 | Link to Comment jeff montanye
jeff montanye's picture

seriously, check out the article.

Sun, 07/11/2010 - 06:13 | Link to Comment Eric Cartman
Eric Cartman's picture

Jew's don't give me hope, they give me hemorrhoids. 

Sun, 07/11/2010 - 08:58 | Link to Comment Dburn
Dburn's picture

Seeing as how Jews have given you hemorrhoids, you need a old Jewish remedy: sit on a sharp object and just swivel. Then wait for the next ones to come
while your screaming in pain, you motherfucker.

Mon, 07/12/2010 - 00:53 | Link to Comment Eric Cartman
Eric Cartman's picture

Dude, I think 7 Jews may have read our comments. lol. 

Sun, 07/11/2010 - 09:34 | Link to Comment russki standart
russki standart's picture

Then don´t bend over for them.

Do NOT follow this link or you will be banned from the site!