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

Tyler Durden's picture

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Sqworl's picture

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

sourgrapesson's picture

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

Rollerball's picture

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

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.

jeff montanye's picture

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

FEDbuster's picture

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

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! 

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.

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.


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

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." 

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.

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.

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.

francis_sawyer's picture

"Everyday Low Prices"... bitchez!

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.


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! 

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. 

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.

Dburn's picture

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

Hephasteus's picture

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

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.

Suisse's picture

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

DeanTheMachine's picture

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

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).  

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.

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.'s picture

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

twinturbo's picture

Thank you Genuine LOL amongst genuine dismay.

Gully Foyle's picture

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.
H.I.: You ate SAND?
Ear-Bending Cellmate: That's right!

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.

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.'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

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.

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.

Peterpaul's picture

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



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.

breezer1's picture

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

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.

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.

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?

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.
jeff montanye's picture

seriously, check out the article.

Eric Cartman's picture

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

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.

Eric Cartman's picture

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

russki standart's picture

Then don´t bend over for them.