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The Global Revolution Is Accelerating - Mike Krieger Explains
Submitted by Mike Krieger of KAM LP
Terrorism is the best political weapon for nothing drives people harder than a fear of sudden death.
- Adolf Hitler
Sometime around the year 2005, perhaps a few years before or after, America will enter the Fourth Turning. A spark will ignite a new mood. It will catalyze a Crisis. In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. It could be a rapid succession of small events in which the ominous, the ordinary, and the trivial are commingled.
Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression
- Strauss & Howe in “The Fourth Turning” written in 1997
All people who try to get elected to government are in love with government, it’s just that the Democrats are in love with one kind of government and the Republicans are in love with another kind of government, and government is going to continue to grow until there is revulsion for government.
- Jared Dillian (he puts out a great daily piece I would look into it at http://www.dailydirtnap.com/)
The Global Revolution: Welcome to Phase Two
When first I mentioned the food riots in Tunisia and Algeria in my note two weeks ago the former authoritarian leader Zine al-Abidine Ben Ali had yet to flee to Saudi Arabia with much of his nation’s gold. What I find so amazing about this whole situation is why someone in their right mind would take the time to take some shiny little element that is in a bubble and that you can’t eat in the chaos surrounding one’s escape to another nation. Surely he has hidden foreign bank accounts and since gold is just another “fiat” currency according to a Wall Street strategist, why bother? He must be some right-wing radical that likes the Constitution and is therefore anti-American. Isn’t that right Mr. Potok?
So back to the food situation. When I say that we are in Phase Two I am actually not referring to the simple fact that a leader with a 23 year rule under his belt was deposed in weeks seemingly out of nowhere, I am referring to the actions that are being taken and will be taken all over the world in response. As I have said time and time again, government’s today throughout the world could care less about their citizens. When they show signs of caring it is merely to satiate the people back to sleep so that they can stay in control. The leaders of governments throughout the world today consist of the worst humanity has to offer. The most egomaniacal, narcissistic specimens on the planet (with some exceptions of course, Ron Paul for one). They care about power and maintaining it. So what does this have to do with food? A lot. I have stated in the past that we are in revolutionary times. The system that has existed for most of our lives (all of my life) is crumbling under its own weight of insanity, immorality and fraud. The last ditch effort by the global elites has been to flood the world with money and make sure nothing they are invested in ever fails or defaults. This bought them a little time and their hope was that rising asset prices would boost confidence and lead to a recovery that could maybe keep this scam monetary system running for another decade or two. The problem with this strategy is that we are in the Fourth Turning. My generation is coming into its own and we don’t buy the bull shit of our parents’ generation. We don’t believe in Democrat or Republican. We don’t believe in the system itself. We will be the ones making the decisions going forward. We will default on the astronomic promises our parents made to themselves. We will create an entirely new monetary and financial system. Real free-market capitalism will flourish, not this socialism for the rich garbage Obama loves so much. We will focus on doing good while doing well. Not because the government forces us to, rather because we are witness to and victims of this sick, twisted creation of our parents generation that celebrates total greed without the slightest concern of the consequences to others.
With this as a backdrop, the leaders of all nations are scrambling to somehow survive in their positions through this time period. What is happening across the emerging world now is countries that had increased prices for food and energy are reversing policy. Countries such as Saudi Arabia are bidding for world grain supplies. Think about this for a minute. What this means is that what is being employed around the world at a time of global crop failures is essentially price controls. What happens when you have price controls? No elasticity of demand. What does that lead to? Even worse supply/demand imbalances and ultimately food shortages and everything goes to the black market and farmers stop planting as much. So what we now have is the very beginning of a food price spiral that will lead to prices in dollars at unimaginable heights. I would start to be very careful of the quality of food you buy and where it comes from. I assume companies will start mixing in all sort of fillers and garbage into their foods. Especially in emerging markets looks for increases in tainted or corrupt food supplies.
This will also affect oil prices and they should move substantially higher. While people still quote WTI as the oil price and claim it is down, this is total and complete nonsense. Nobody pays WTI prices. Brent is $98/b and Asia Tapis is $101.50/b. Anyone that is telling you oil prices are moving lower are either lying or don’t know what they are talking about. For example while WTI is down 7% from recent highs, gasoline is down only 4% and heating oil is at the highs. Do you pay WTI or do you buy gasoline? There is also this idea that OPEC is going to come out and save the world by boosting production. Good luck with that. First of all, OPEC’s true spare capacity number is highly debatable and I am in the camp of those that thinks they do not have control over the market at this point. Banana Ben Bernanke does. Secondly and most importantly these Arab nations are short food and we are in a food crisis. They are also amongst the most vulnerable governments to overthrow. You think for a second that they will crash oil as food prices are soaring? Oil is their currency. For what it is worth I think many of these regimes will be history within a year. Then the Western governments will fall one by one. This is the Fourth Turning. There is no point trying to stop it, the only thing you can do is prepare. There is precious little time left for that.
U.S. Treasury Bond Holders Will Never Be Paid
Remember the old saying, “if you don’t know who the sucker is in the market, you are the sucker.” Well ladies and gentlemen if you own U.S. treasury bond you are the sucker. There is one way these things will be paid back. With completely worthless pieces of paper, OR not paid back at all. The one thing linearly thinking investors are not appreciating right now is that there is a gigantic awakening occurring in the United States that will develop into a successful and peaceful revolution. The new leaders that will emerge will consider this debt illegitimate as I do personally. It will not be paid. Think it can’t happen? Watch.
Meanwhile, looking at the chart of long term treasury yields what we see is a coiled pattern where rates have been in a tight range ever since breaking to the upside in early December. I think these rates are about to break hard in one direction and I think that direction is higher. When I looked at the commentary from the Fed yesterday and I saw this line “expectations have remained stable, and measures of underlying inflation have been trending downward,” all I could think was if I was a bond investor I would just say “alright I have had ENOUGH.” I think that some of the biggest moves ever in the history of financial markets could be coming within the next 1-2 months. I would focus on treasuries and precious metals.
Silver Disobedience
While the 20th century was a brutal and violent one, some amazing things happened. Two prophets, Martin Luther King Jr. and Mohandas Gandhi we able to usher in a period of tremendous social justice for their respective causes through non-violent means. We are now entering a time where the people (completely and totally sold out by their leaders and masters at the banks) must exercise civil disobedience and non compliance with an evil system. Fortunately for us, the most effective and powerful means of this I can think of is completely legal and consists of buying physical silver and taking possession. Although the comex paper silver price is showing a drop, this is not reflected in the physical market which is tight as a drum. Many major dealers are sold out of product all over the world and the U.S. Mint recently stated that they sold 4.7 million silver eagles in January alone, a new record and the month isn’t even over. If you do not like the way the banks and politicians are robbing you blind in broad daylight buy physical silver and take delivery. I think it is abundantly clear that the raid on the comex silver market is a desperate attempt to shake out some supplies since the actually physical market is being depleted rapidly.
One of the irrational “fears” out there is that the Fed will somehow tighten rates. Get out of the emotional brain for a second and into the logical one. The Fed funds rate is 0-25 basis points. The two year treasury yields 0.60%. If the Fed raised rates even to 0.50% with the two year note at 0.60% total and complete chaos would ensue and the government wouldn’t be able to deal with the rising costs of debt service. It is just not going to happen. They will print and print until the whole corrupt house of cards crumbles to dust.
V for Victory
We are in revolutionary times. The new generation will not accept the Federal Reserve. We will not accept feudalism by an oligarchy of banking criminals. We will not forget the Constitution. We will not accept SDRs or any global fiat currency. We will not accept global government or “governance” (sounds so much better doesn’t it).
As I went to grab dinner last night, I noticed V for victory posters plastered all around downtown (http://www.youtube.com/watch?v=s5GlOeEUyQ4&feature=related). Go Boulder we are winning the infowar!
Turn off the tv and think for yourself,
Mike
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Please -- the new generation are a bunch of punks watching Jersey Shore and American Idol. They will do anything the new religion ("Globalization") tells them to do or accept(Patriot Act, TARP, TSA,BRIC, etc). I've been screaming at the dark trying to get friends and family to listen to the dangers here to nothing but contempt. Now that it's on CNBC and they want answers. Too f*cking late.
In one breath, man is evil and is going to cause a global calamity. In the next breath, the "true believers" of man will demand physical silver and save the day. Sorry, not enough critical mass to beat down TPTB. 100 oz of silver and shotgun gets you nothing.They are going to win, accept it. I'm just not sure that they know what they are going to win.
The Strauss & Howe quote was a little spooky though.
We live in strange times.
Look around you, do you see bars? You are not in a prison. Life is yours. If you drop the soap in your own shower that does not mean you have to put your thumb up your bum. Problem reaction solution only works if you accept their problem.
The real, and only, problem is the fiat system. The dollar trades inversely to gold/silver/platinum/oil. Squeeze supply on the real side and the dollar is done. The only metric of economics that is true is supply/demand. Oh and let us say that the Fed leases all their "gold" times ten (if they haven't already) and Blythe continues short. At the end of the day they have none and we have it all. This ends in our favor if we want it too.
The true meaning of optimism implies action. The optimist is so because he/she wants to do something about his/her future. Be an optimist and buy silver.
"The real, and only, problem is the fiat system"
I'm not sure that fiat currency is the ONLY problem but it is the first problem that must be addressed because the fiat monetary system underlies everything else
we can't have an honest economy without an honest monetary system
before we solve the fiat currency issue, any energy spent addressing other problems is a waste
solve the fiat currency issue, any energy spent addressing other problems is a waste
+Infinity
+ something bigger than infinity
Revolutions are never carried out by the youngest generation.
All revolutions are carried out by multi-generational waves united by similar self-interests.
Why, I bet right now, there is a 50 something electrical engineer building bombs in his basement.
Meanwhile, a 20 something computer engineer is writing code to dessimate the trading floors (the modern day equivalent to Jesus turning over the money-changers' tables)
I mention engineers, because engineering is the most often occurring occupation/education of a terrorist (probably due to their attention to detail).
Outside the upcoming assaults on the elites by highly structured individuals, there is another 30 something guy off his meds that just shaved his head after a trip to the gun shop.
Any bets on how many assasination and terrorist attacks will happen this year? I put it at 6 US and 23 globally.
I would ask anyone who cheers for revolution to consider Paris during the Terror, or Russia after the Revolution, or China after Mao consolidated power, or. . . . revolution--Hell, even John Lennon was smart enough to know he did not want that to happen.
What? No mention of the American Revolution?
The grassfire of revolt against the global banking cartel and their puppet oligarchs is spreading in the Middle East, Europe and Asia, as Fed/BOE/ECB/PBOC money creation causes global food price inflation.
"The time is near at hand which must determine whether Americans are to be free men or slaves." - George Washington
"The tree of liberty must be refreshed from time to time with the blood of patriots, and of tyrants." - Thomas Jefferson
Already got way too much silver (steel and lead) to carry by myself, but buying more at the bottom (hopefully) of this dip with all remaining "dry powder".
Live free or die. Where's your line in the sand?
the new generation are a bunch of punks watching Jersey Shore and American Idol. They will do anything the new religion ("Globalization") tells them to do or accept
Human nature does not change son. You win the dolt award of the day post. They will tolerate to a point, and then snap.
In fact, we are near snap now.
krrp talking shit nigga; my generation was da punk rockers; listen to the music, real rebellious; look at the style, etc... my grandfather did the 30s; going commy. my father was a hippie; smok'n weed, taking LSD; once you realize it all about money, and you ain't got none, and your friends arn't really your friends, and your bitch was to live off you or she'll leave, cause it's true love; yeah... your generation. if your generation was reall, you'd be blow'n shit up by now, going full revolution; and the music would be better. your generation; britney spears and lady ga ga, and snooky.
this is like old people thinking about how fuck'n stupid the young people are; not remembering their own stupidity.
the music is better but they wont play it on msm... PISTUL WHIP
Is that you Max Keiser?
Dracos_Ghost,
if you want lay down and die please go elsewhere to do so, everyone I know under 30 is waking up and it is going to be nasty.
Waking up, or going broke? A big differnce.
And yea it will be nasty, homeless shelters suck.
There is only one way the dumbed-down, gubmint-dependent people will wake up...when they wake up under a bridge. Coming soon to a town near you.
homeless shelters
Try FEMA camps
Pls, Harry. What do you mean "going to be nasty"? What the Hell does that mean?
Do you know that the motto of the 60s jackasses was "never trust anyone over 30"? Have you ever heard The Who sing "Hope I die before I get old"?
Youth always thinks they are revolutionaries. Johnny Rotten and Sid Vicious thought they were revolutionaries but they were nothing more than props used by Malcolm McLaren to make alot of money. This idea of "we are not our parents" is simply a condition of youth. You'll grow out of it. At least you will if your parents ever make you get a job and earn your own way. If you work hard enough, you don't have time of all the Marxist bullshit. You come home at night and are lucky to have the energy to make a meal.
Don't forget those old hippies and punks and 80s freaks all ended up with families, jobs, bank accounts, retirement plans. . . And Pete Townsend and Roger Daltrey are still trying to make a buck off of music that sounds even worse today than it did 40 years ago.
You are not a revolutionary unless you are a sociopath and psychopath. You are not a revolutionary if you care at all about your loved ones (assuming you have any). You are not a revolutionary if you would recoil at shooting a child in the head if that is what it would take to further the revolution. And if you get past all of that, and if you are a revolutionary, then I sure hope you fail well before you join the likes of our Tucson shooter in killing innocent people and spending eternity in revolutionary hell.
Good post,
So far though, global upheaval has been mild in the 21st century when compared with the 20th century.
Good article, except for that bullshit about peace.
Silver will drag gold up with it, not the other way around. In fact, there is an argument that can be logically made that in terms of scarcity, the GSR is actually reversed. Keep that in mind, folks.
I sure hope you are right! ;-)
Hope is not a plan of action or preparation.
Gold still rules the PM Paragidm.
Breaking $1320, was Gold's warning to stubborn Silver upstarts.
Check the current action.
Go ahead. Start the revolution. Burn your FRNs.
No way! Don't do that! Get out of the system!
Pay all your debts now! Buy precious metals!
Starve the beast! Avoid the NWO!
Sound advice in just a few words.
+ $1310
Krieger is a tool. There is no such thing as a Fourth Turning – the whole concept is about as scientific as astrology and fortune telling. The reality is that America is •••••• four ways from Sunday and you're delusional if you think there is some kind of generational unity going on here.
Maybe so, but I agree with this:
by hedgeless_horseman
on Tue, 01/25/2011 - 14:59
#903621
Who in their right mind wants regular bread for their kids' sandwiches anyway?
When wheat gets pricey, cut it with sawdust.
If you have baked bread before, then you know you have to put some ingredient in there, right? Why not cellulose from sawdust? That is right...sawdust, bitchez!!!!
There is no inflation, right Liesman? That is because Sara Lee® Delightful™costs the same as regular bread! FTMFW!!!!!!!!!
http://www.saraleebread.com/our-bread/delightful/bread
The Fourth Turning claim is a bit lame and won't be valid until after. But change is in the air...I can sense it.
Remove the banksters by buying silver. That's all you need to know.
The kind of change you are really looking for is not the result of peaceful change. It isn't.
http://www.youtube.com/watch?v=ErCAOMi5EGM
2 words of advice - LOGANS RUN.
Unfortunately that may be the only way to get their attention.
Though I'm middle aged (and would be on the sandman's list), I completely agree with what you've stated and your viewes on the current situation here in America. I only hope that's a majority view taken by your generation, however I highly doubt it at this point.
Your generation has been handed the Worlds Largest Shit-Sandwich. Your futures have been sold down the river so a bunch/handful of OLD CRONES can enjoy the last few years of their lives in the lap-of-luxury and high living. Well I say F'them. I can't believe they would sell out the future of this formerly fine Country, for their own personal well-being but that's what makes them The Greatest Idiots! Oh sure a few of them actually fought multiple Wars but in the end, to attempt to steal EVERYTHING and SELL OUT 98% of EVERYONE is just Friggin Sickening. These people are the lowest form of scum.
It's okay for White-collar types to steal Trillions of $'s, these folks face NO RAMIFICATIONS or PUNISHMENT whatsoever, but if you steal a stereo, you'd be doing serious jail-time.
Whatever you do as payback is okay by me, but fight and knock these OLD JackAsses off their elite/governing perch. They all should be tried for Treason. PERIOD. END OF STORY.
They don't stand for the U.S.A. (unless USA it means United Senile ArseHOLES!)
I wish you well and I am truly sorry for what the Upper-Crust of America and Federal Reserve is attempting and so far succeeding at. I assure you their visions of the USA are truly mis-guided, insane, and Treason of the highest order.
I'm certain our Founding Fathers would be saying...... WHAT THE PHHHUCK ?
Cheers- ALL THE BEST !
Odd it seemed that someone flagged your comment Junk.
CI
Good luck with all that. :rolls eyes:
He may be an excitable writer but to be dismissive of his prognostications and angst, with a roll of the eyes is somewhat strange, coming from you. In spite of the rhetoric, his is no more than a meandering road map of the eventual outcome of all paper currencies, no?
++
kondratieff winter, dude.
strauss & howe are plagiarists! lol.
gonna get cold, kid.
got fur?
"Real free-market capitalism will flourish, not this socialism for the rich garbage Obama loves so much. We will focus on doing good while doing well. Not because the government forces us to, rather because we are witness to and victims of this sick, twisted creation of our parents generation that celebrates total greed without the slightest concern of the consequences to others."
"Socialism for the rich" is the natural consequence of unfettered capitalism. A cultural change toward disgust for the greedy will not be enough to keep them at bay, to keep their secret dealings and fraud from plaguing our lives in perpetuity.
Will you libertarians abolish corporate personhood?
Will you libertarians push for public funding of elections?
Will you libertarians support environmental laws to protect our commons?
If not, the revolution you speak of will be meaningless, except as a reset in our monetary system. While this could be good; unless some system of checks against excessive money power are implemented, it will only be a matter of time before banks will again rule the planet.
Socialism for the rich does not exist. It is only useful in the way it shows how people are willing to sink into propaganda.
Socialism was a reactionary movement, not an actionary movement. It reacted to what? Something that was called in those days by its proponents the Natural Order, which meant that it was natural for big entities to feed on small entities, to report losses on the lesser.
A noble losing revenue was used to taxing more the serfs to cope with the new situation.
Socialism reacted to this.
Socialism for the rich can not exist as socialism is defined strictly by a top to bottom redistribution scheme which came as a reaction to a bottom to top redistribution scheme.
Socialism for the rich does not exist. That is what is called the Natural Order.
Calling a spade a spade.
I agree. I'd call it crony corporatism or fraud. Kreiger is the one who used the phrase - notice the quotes.
Why would we. All those are socialist/marxist goals not libertarian goals. You are confused.
I'm not confused.
I'm pointing out that Kreiger seems to be hoping for a "free-market" renaissance to cure the ills which are (ironically) a result of free market capitalism itself. It's the libertarians who are confused.
When you do nothing to check the power of the wealthiest, they oppress and exploit everyone and everything. It's the bankers, financial industry, and global corps who are sucking the world dry. This is what they do when given the freedom - through deregulation, gov't/regulator infiltration, etc. When the politicians are subservient to the highest bidder, this is the result.
And we are in basic agreement. What you fail to understand is that we have not had a free market system in over 100 years. What you call free market is really crony capitalism.
Regulation serves only one purpose. To protect those in power. When a politician writes a law, who did he write it for? who does it benefit? Cui Bono?
Usually regulations are written to protect those who maintain politicians in power. Regulations prevent the free market. Do you know how to beat the ones who seek to exploit you? Self regulation. If you are the only baker in town, you can exploit the town by charging whatever you want for bread. You can put saw dust in your batter. Hell, short of killing your customers, you can do anything you want. Until a new baker shows up in town. Then you have two options. Improve your product / price or buy off the local politician and have him run the new baker out of town. Regulations protect the regulators.
Please explain how you deal with a company that in the process of producing its products destroys the lively hood of the fisherman down the river. Or poisons the public drinking water? How does self regulation address these matters in a society? Who ultimately bears the cost in your "free market" system. If you have no laws or regulation, isn't that anarchy?
right - the libertarian blind spot - externalization of costs
i got no idea how to fix that, but it do need fixin'
I'm pointing out that Kreiger seems to be hoping for a "free-market" renaissance to cure the ills which are (ironically) a result of free market capitalism itself.
There is no free market so how you gonna blame it? The rich and powerful use government to maintain their wealth and power. That is the opposite of a free market and is exactly what libertarians seek to end.
Anyone notice the IMF running ad ad at the top of ZH with link text that says "The IMF is not the Enemy"? It links to a propaganda video made by imf explaining how great they are. So the IMF is buying paying a pr firm now to get the sheep on it's side...disgusting. But it shows we are making a difference for them to act..
Zero Hedge should be taking the IMF's money and then telling it to fuck off, after refusing to run their filthy propaganda.
Real free-market capitalism will flourish, not this socialism for the rich garbage Obama loves so much. We will focus on doing good while doing well. Not because the government forces us to, rather because we are witness to and victims of this sick, twisted creation of our parents generation that celebrates total greed without the slightest concern of the consequences to others.
Bro: put down the Hayey and open the window.
Do you really think a Global Revolution of Six Billion Slaves against Sixty Thousand Pharaohs is going to result in Real, Free-Market Capitalism?
If, after careful reflection, you can't see the stupidity of what you're typing, all I can say is that our current welfare capitalism isn't the only sick, twisted creation of your parents generation.
I remember sitting in seminars in the 70's thinking much the same thoughts. Phew. Then I grew up. Max's 4th turning will come, if he lets it. There is more to the world than his, your, or my perception. Because he sees it 'that' way does not mean it is SO.
Join the revolt! Buy silver.
One of the irrational “fears” out there is that the Fed will somehow tighten rates. Get out of the emotional brain for a second and into the logical one. The Fed funds rate is 0-25 basis points. The two year treasury yields 0.60%. If the Fed raised rates even to 0.50% with the two year note at 0.60% total and complete chaos would ensue and the government wouldn’t be able to deal with the rising costs of debt service. It is just not going to happen. They will print and print until the whole corrupt house of cards crumbles to dust.
I call this The Great American Fiscal Trap: the economy can grow unabated (which it isn't and will not), unemployment can come way down, and our budget deficits will still grow. Why?
Simple: If one believed the economy was actually recovering over the long haul, interest rates will rise with inflation expectations as investors demand more than the historically low interest rates the U.S. treasury currently enjoys.
On the other hand, if one expects the economy to deteriotate or stagnate for any length of time, investors will demand higher interest payments as a U.S. default becomes ever more apparent.
So, either way, interest rates are going up. Every 1% increase in interest rates puts an additional $140 billion burden on our deficits.
In other words, there's no way to cut federal outlays enough to offset this phenomenon, and if they cut everything the U.S. defaults anyway.....
It can't end well.
Sorry to bust your bubble but nothing will come from this- just another half assed movement with too many lazy people accpeting the "new normal" as is. I suspect the financial system will collapse before any meaningful change takes place.
You know, Mike, you are loosing your very relevant and important message through your ranting, often "glassy-eyed" delivery.
I watched Lira do this too.
Place your soap box up in Boulder or wherever, plant your V for victory placards, pat yourself (ves) on the back, and think that the minions are with you. Screw that.
Bottom line, you are loosing it.
Get a hold. Go back to your original style, so everyone can feel comfortable with your often radical, but true, comments.
Christ man, are you on something?
Yes it is. I'm going to catch some flak for this post. I'm shorting the usd into the Asia fixing. The dxy still looks long, but one more pulse down could be in the cards.
You know, Mike, you are loosing your very relevant and important message through your ranting, often "glassy-eyed" delivery.
I watched Lira do this too.
Place your soap box up in Boulder or wherever, plant your V for victory placards, pat yourself (ves) on the back, and think that the minions are with you. Screw that.
Bottom line, you are loosing it.
Get a hold. Go back to your original style, so everyone can feel comfortable with your often radical, but true, comments.
Christ man, are you on something?
Born in '63, I have watched Gen "X" grow up and destroy a lot of what we held as values. I have seen the re-emergence of "sexual liberation" in the form of near pornographic television programing and sexualization of children in print and in the movies. The younger generation seems to think this is normal, I think it is tragic. We have given up our morals for entertainment purposes and will end up paying dearly for it.
When we normalize violence and sexually predatory behavior, we numb the minds of our children to morality.
That my friends will be the end of the empire.
+1000
Gen X have been the victims of pornographic and ultra-violent movies, television and video games not the perpetrator of it. It's a form of child abuse, and the abuse is getting worse.
The parents who are strong enough to not allow television, internet, video games into their children's lives are doing them a big favor.
LDS fail
What about the children of parents who took them hunting to kill for food for thousands of years? Was that child abuse as well? Or parents who took their kids to view public executions as a lesson not to do it? Was that abuse? Or the children in Europe or Japan or the Pacific during World War II. Where they abuse victims by seeing warfare?
To call Gen X abused by TV and movies is to completely miss the point. Many in Gen X are spoiled rotten with entitlements, not properly disciplined and have grown up with a mindset of me, me, me. Becoming an adult in economic depression wakes you up though. They will not make the same mistake with their own children.
"They will not make the same mistake with their own children."
That is just to funny... you do realize EVERY generation says that?
Yes, but it's still true.
Wisdom.
I think you guys are confusing Gen-Y with Gen-X. And sorry I disagree with you. I think that kids (regardless of generation) that are shown the big picture at an early age will thrive or die (figuratively). And .... you can't shield your child from everything.
Growing in my working class neighbourhood, I received the same message - fight your own battles and if you lose - well that sucks. Every parent on the street followed the same initiative - except one dad I remember chasing me up the street. His kids had a particularly bad time.
Not allowing your kid television/internet/video games is handicapping your kids (imho). There is nothing wrong with letting them see it as long as the parents provide some commentary.
Glad your are taking an active role with your kid as a dad - so many do not.
and @Mike, yes, we have been talking about this for a while - gen before yours:
http://www.youtube.com/watch?v=cDBlqu6KF4k
V
Arka
Edit: and ...
http://www.youtube.com/watch?v=VkmEZs_Kcms
a decade ago - feeling old now ;)
in the pines ...
http://www.youtube.com/watch?v=mcXYz0gtJeM
Okay. But the Boomer's created the environment. That's the generation calling the shots.
No, the Boomers did not creat the enviroment, the WWII Gen families did it.
Thanks.
boooyaaaahhh!!! How best to use all that feel this way that are coming to zerohedge to ignite that spark? PEACEFULLY! I have already bought silver and I have called into to a radio show and got on the air and was able to speak to the cftc latest ruling and the silver manipulation, jp manipulation law suit, andrew mcguire, the contineud shrinking of actual trancperancy with the fox guarding the henhouse ( finreg: SEC being free of freedom of information requests ). The host and screener who is def right wing conservative said thank you for bring it to thier attention.
What can we do to speed it up?
You bought XAG? 5000 contract size @ 50 usd a pip? You have deeper pockets than I do my friend. I'll pick up xag below the 100sma. In the 22-25 area .
Good one! Get the word out. Virtually no one knows about the gigantic rip off going on and that the criminal Federal Reserve is dictating policy here and abroad. The Politics are the side. Civilizations are being hollowed out everywhere by the unelected.
All misery leads to the central bankers. Bank boycott -- PMs.
I would submit that out of control spending by .gov is the root of more of the misery. Who put .gov there? Ultimately we did, we allowed all of this to happen.
Banksters are just enablers..., criminal, don't get me wrong.
Watch & listen. Be prepared. Diversification and agility.
QE 2 = Bluff
The two 60 Mins interviews was part of that process
It wasn't bluff- but BEnron had to slow it down once inflation showed its ugly head in these 3rd world nations... can't have that now or you get "V" posters. LOL
Just enough printing to fund the banksters but not enough to cause hyperinflation in the US. Just squeeze and print- to the point of pain but then back off.
Who da hell Mike Krieger
Maybe yo daddy?
Great essay Mike!!!!!!!!!!
I thought so too!!!!!!!!!!
GOOOH.com, We the people not we the party. Get rid of dumbo and jackass and put citizens in Washington as part of that revolution.
"And so it begins....."
I've been saying all along Fed is on a one way trip this time around.
That's why they and the bankers are grabbing the silverware before the house burns down.
We need to move our gold from the FRBNY now to West Point before they give it to the IMF.
Mr Krieger has , like most westerners, fallen into the moral high ground trap...thinks his view will help mankind... funny shit. Just what does Mr Kreiger think sank the western ship in the first place? Fools never learn.
Yeah, cause the 'westerners' are doing worse than the 'easterners'. Oh wait...
Now note, I do not like this generational talk and think claiming 'this generation is different' is silly, but exchanging opinions, with or without conviction, in general is a good thing. Mr. Krieger may be somewhat ...charged, but he at least puts something out there...
So did Mao, Hitler, Stalin etc..... everyone puts something out there. Like Julius Caesar once said" The grown man should know the world he lives in" . Revolutionist always have a vision of a global circle jerk....such thinking is an act of un- natural BS.
And you think this is natural to live in debt slavery? Maybe in the East it is! LOL at u.
I don't like debt slavery... but do you understand where mankind has already been ? Fixing the western world does not include the revolutionist global view .
Taking the 'putting it out there' and then applying it to 'name evil person arrr'. Weak...
Irrelevant supposed quote from some 'authority' whose military skill is then somehow tied into a vague point about revolutionists jerking... weak
You made an assertion that the guy was 'taking the moral high ground' and that that is what was wrong with westerners vs., presumably, easterners. I pointed out that while I did not agree with the author, at least he was participating in a public forum and that this participation is not what is wrong with 'the west' (which is a poor term to begin with). In fact, 'the east' could do with some more of that more often than not...
We learned the boom bust cycle from tons of examples in the East.
BTW, you're about to go BUST again.
Can the corrective process of the corrupt Ponzi extortion begin through the legendary independence and courage of the Irish? Or, is that image a creation of folklore and imagination?
Iceland stood up to the European banksters directing the EMF, but their success was marginalized through information censorship among the complicit and compiant
media. But, Ireland doing likewise would be hard to ignore.
Shed the past people!
We live in a boldly controlled universe, one where it's easy to fall back into the trap thinking there actually is a market. There is not. If PM goes up or down it's because the PTB wants it to. Our advantage is only now to see the circumstances and predict what the manipulators will do next (placing your self in the place of the manipulator) and front-run them.
Let me be clear;
I would submit to you that not seeing it this way, or at least accepting its possibility would indicate a high probability that you are still thinking in terms of fiat, where gold is also though in terms of an 'investment'. This can be quite unhealthy for an emotional state!
Welcome to a strange new world, where the can be infinite$ on the short (or long) side because WE relinquished the power to them. The PTB also have the power to keep the COMEX from defaulting by force of the gun. Yes, to force the longs to accept premiums and keep their mouth shut, to allow and/or disallow players to play, to take the long AND short side of trades (it all occurs behind doors, so its not like we would know), the power to publish false numbers with IMPUNITY, the power to turn naysayers and whistle blowers OFF by the touch of a button through their fascist gov/bigBusiess relationship.
Because of peak ignorance, the power will be provided on a continued basis by those vested in the system, while the staying power derived through agencies that are both now self-financing AND the beneficiaries of unearned units of labor re-enforce the paradigm. There in indeed, NO power that we wield to stop them and enforce the justice we seek. There is NO power in anything PEAK that can make them submit. Peak Ignorance trumps peak oil, peak copper, peak everything. The majority, through collective unconscious have abrogated their liberty, and yours at the same time. They have forgotten what liberty is.
The PTB can do as they please with the whole world an illusory democracy. People voting for their own incarceration...very clever. At first they tried monarchy, then communism, socialism. Republics were a pain in the ass to control as were the borderline mob rule democracies.
Alas, an illusory democracy is the answer for the permanent world self-induced servitude state. The experimentation has traveled far, with the financing of various stylistic ventures of forms of government. Now, 1000's of years of experimentation and after families have been dismantled, millions starved, millions killed in symptomatic wars, they've almost achieved their goal.
We, implicitly have given them our power through pleasant unexamined ignorance. We have allowed the ponzi to grow from a one time with a huge break in between event, to a back to back repeating ponzi ad infinitum. This, is what the most clever have discovered. Gold or no Gold, now we are forced by our creator to examine the very essence of our spirit. Strange, how the source works.
Never in recorded history have we had the proper mediums in place in such a level to induce and continue self-imposed hedonism so easily. We now have the content and the delivery devices in every home, bar, restaurant, urinal, and store floor. Now, this in NOT Rome! This is something new, something more insidious where we can be our own personal Caligula while we strap our chains on.
Now its true that a large group of reliant individuals will riot, but revolt, they will not. They don't understand the concept. There's a lot of people to rid if they can't be made productive, won't part with their earned life potential, or cause too much trouble for the PTB by either not being a 'team player', or shooting their mouth off inappropriately on THEIR propaganda devices.
Those who are not willing to be permanently blinded by their own greed, complicity, and narcissism, and those not willing to suppress their shame for the sake of the overlord are likely to risk elimination.
The battle as it turns out is spiritual. And I don't like going there because so many a statement such as this is arrived at solely as a symptom of a defense mechanism based on the recognition of powerlessness. The populace at large has found their God, and its not the usual suspect (or perhaps it is), and its the burial of their ever annoying real, larger selves...spiritual death.
Some of you ZHedgers, are your hopes and dreams contingent and reliant on the vicissitudes of corruption, manipulation, and scheming? Don't get me wrong, I'm all for Gold, whether it goes to zero or not. The trick will be to navigate holdings to their proper placement and partial conversion at the correct time. I don't care if wheat goes to zero, as long as I can still eat it and it has the future potential of value for myself and others. Do you? I told my kids that if santa gives them coal, laugh, and tell him, that's O.K., I'll just save it for a day when it's cold, burn it and stay warm. Same idea!
Once more, it's an unfortunate fact that when a large enough subset of any group supports the PTB, regardless of whether its conscious or unconscious), the entire group loses its rights, sense, memory, and objectivism to a large extent. This zerohedge is a small group, and quite ineffectual in changing the diet of the beast. We can only help ourselves. Now...limited in the physical way, but profound in the spiritual.
Do not think I'm being negative. Quite the contrary, I am very positive. This my fellow ZHedgers is, albeit, a limited opportunity to get ourselves into a BETTER future financial situation (relative to what it will be like in the future if you don't act on this knowledge), but more importantly, a window of opportunity to shed all our self-imposed illusions. It is an event that, although not meant by the oligarchs, a curious launch pad to catapult us into an expansive state.
This is worth more than money, more than security or certainty, more than suppression of our shame and denial. It is the contrast that many our souls have been seeking. A chance to forgive ourselves and die with a clean heart. Some of us will end with a clean heart and a portfolio of purchasing power, others, only the prior. Its true that I prefer the first, as I was never able to completely emancipate myself from my ego. What, can you?! And I've got a well groomed coffee stained style ego.
Again, Consider strongly that gold just might be supressed until the new currency arrives. Perhaps the plan from the beginning, to reboot the new ponzi. At the moment, those PTB who are short have access to an unlimited amount of fiat dollars...slap yourself in the face and get out of your slumber. The long side has apparently, right now, and perhaps temporarily, a finite amount of dollars until it doesn't...there is no market. None. The price of gold and silver in fiat can go to essentially zero, then it could go to 10,000.
Relax and reassess your hopes and the difficulty in changing your mindset, which is especially difficult if you want justice, or it's all you $have. You'll likely need to hold on to PM's until the proper time to liquidate them (or a %) after the new currency arrives.
Interesting post, I'm to old to see how well Mike's predictions will hold up. I do however, have the background to make a couple of points regarding oil pricing. First, a very large portion of refinery runs in the USA are priced as a function of NYMEX WTI futures, almost all of our domestic production, +/- 5 million BD, plus a large portion of our imports, which are predominantly Canadian. You can get an idea of average refinery prices at this link; http://www.eia.doe.gov/dnav/pet/pet_pri_wco_k_w.htm. Yes it is a government source, and it is rarely precise, but historically its close enough. Why is it lower than the WTI of late? Well most of our imports are of far lower quality, remember all crudes are unique, not homogenous, US refiners have the processing capacity to run lower quality, the technology does the rest. As to Brent, its price is a function of its uniqueness, and the fact that it is in decline, in point of fact, for the current trade month, as I think was pointed out on ZH, Hetco has accumulated enough cargoes to squeeze the crap out of the shorts.
Mike may well be correct in the long run with regard to oil, but in the time frame most folks trade, the devil is in the details. By the way, don't buy USO as a long term oil hedge, at least not unless the forward curve flips from contango to backwardation. Better to buy Exxon and collect dividends than to pay the spread each month.
Hey Mike,
Why all "generation" talk? It reads like manipulative political rhetoric to stir up the Oedipus complexes of the young. It's bullshit just like it was in the 60s and detracts from your argument.
"Youth is wasted on the young."
And wealth on the old.
So is cartilage.
"We are in revolutionary times. The new generation will not accept the Federal Reserve. We will not accept feudalism by an oligarchy of banking criminals. We will not forget the Constitution. We will not accept SDRs or any global fiat currency. We will not accept global government or “governance” (sounds so much better doesn’t it). "
Please refer to everything the so-called boomers did in the 60's and notice how they were eventually co-opted by the system. Good luck with this.
Well, that was predictable, hippies love co-ops.
I live in the land of them, and they certainly do...
Market pump before the 2:00 selloff.
PM's are gonna get slammed here.
Deepest today !
starting in 3, 2, 1...........................
actually in 2 minutes but whose keeping track ?
BTFD biatchez !!!!!!!!!!!!!!!!!
We will default on the astronomic promises our parents made to themselves
( you will big guy?, steal from those that paid?, wow, must be nice to be you.)
You cannot control what was put in place in 1933,anymore than our parents nor we could.
You can change what you want, but to renig on 3 Generations of faithful service, and doling out the cash for retirement, to have a 35 yr old say they will do away with it, says little for your values, or mores.
Hey, look at what has happened.
1. Astronomical borrowing and increased entitlements that borrowed from the future, giving more to the present. The greedy morons who allowed deficits to continue so as not to face the music in their own time will have their payback.
Social security in 1933 is not what it is today. Now we have medicare, plus prescription drug coverage at a time when the baby bust is supposed to be paying for it.
No way. Mike is right and you can judge us on our values if you like, but from our perspective we are planning on merely fixing a great injustice.
The Boomers went off course in the late eighties, not wanting to face the music and for fear of losing power the establishment ran big deficts and pumped the stock markets, in fact all asset classes to the detriment of the coming generations.
We are in this together, but mark my words... life will not be like you think it will be. We will not burden ourselves with great promises and greedy dreams (fat beach house and Lexus retirements with free drugs and medical care). Everyone will share the pain.
Look at the stock market. Who is buying and why... it is to save the Boomers retirement dreams. So instead of letting ti crash and then allowing Gen-xers to buy, it is being propped up along with housing that is also so expensive.
The Fed proppelled asset markets which kept Boomers feeling great and getting by. When it blows up, reality must be faced. We will not be reniging, but merely waking the Boomers up from a decades old illusion.
A new currency wipes out all debts, no stealing needed.
And the Ponzi that is Social Security needs to be eliminated or re-vamped so people can save on their own.
I thought my generation would change everything! Shut down the Viet Nam French/USA war. OK so we expelled Nixon and Agnew too and ended the Draft. The problem is that we didn't change the system. Now all the Spock raised babies want Obama care for everyone because it is the right thing to do. Problem is none of them including legislators ever read the bill and don't know we can't pay for it. Now its YOUR turn to try and fix this shit. I spoke up and still speak out. Bombard the bastards with real mail and personal phone calls. They all want to be re-elected so tell them how to vote.
Down with the House Un American Activities Committee, down with holding "camps" down with money backed by cotton and ink. Down with the drug laws which will take down the drug lords and make space in prisons for real criminals. Down with big government. Down with economists manipulating economies. Down with the Federal Reserve. Fire the regulators that are asleep at the wheel.
Up with the guarantees of the Constitution and bill of rights. Take a history lesson of 1st hand accounts of the meaning of freedom in the 1820s read "Lafayette In America"
Yeah, shutting down Nam sent millions into communism and that purge over there killed millions more.
I'm really not so sure that was a good thing. Once committed we should have finished.
the quote on the main page says quite a lot. Brilliant.
I think this says it all:
http://www.youtube.com/watch?v=u_k-6FLfDkM
Annual silver production is 890 million ounces (2007). Silver rebellion ounces purchased in January 4.7 million ounces. A long way to go. Work harder, buy more.
The problem with this revolution people speak of is that anyone bold enough to actually start it will be considered a terrorist and as such... held, tortured and put to death...
NEXT!
May I suggest the assymetrical targetting of the spouses, children, and grandchildren of the communists of ZOG, the media, the schools, the courts and the banks, and the recruiting of terminally ill war veterans for suicide missions to launch your attacks against federal buildings?
Wouldn't take more than 400-500 angry men to put the hurt on these fucks.
Don't attack them where they are expecting and guarding. Go after the soft spots.
+ 400-500
My sense of it is that they aren't all that sentimental about their families so that won't get you doodly.
It's their mistresses you have to go after and they are invisible, likely located far enough away, most likely off shore with most of OUR money.
"assymetrical targetting for suicide missions to launch attacks against federal buildings"
For every job, so many men
So many men no-one needs
someone make me a vest, I'll go first.
"we are witness to and victims of this sick, twisted creation of our parents generation that celebrates total greed without the slightest concern of the consequences to others."
And in related news...
http://tvnz.co.nz/business-news/bankers-need-big-bonuses-uk-mps-told-400...
Hmmm... OR... just take them all out around the back - AND SHOOT THEM!!!
I've had it with this bullshit... If you are an insolvent company and you need GOV INC loans to stay in business, and you actually get those Kleptocratic GOV INC assholes to give you those loans to stay in business? Well then GO MAN GO... PAY THOSE INSOLVENT CEO FUCKERS AS MUCH AS YOU WANT! GOV INC is the fucking idiot for loaning you the money!
Personally, I think "The Obot" and everyone in congress should be personally guaranteeing those loans... and the rate? Oh 39% sounds good. That's 39%/week.
Damn right. Today's younger generation is getting sick and tired of hearing boomers whining that they might not get their social security after paying in all these years. What do they think that means for their children after them?
Screw them, nobody gets anything!
SS is not an entitlement. Every dollar put in came directly from the slave's paycheck and the employer's portion was the deferred compensation piece. It was not voluntary, nor even desired. My hunch is that all SS payer's would accept a cash check today for all that they and the employer have paid in lieu of future payouts that will unlikely ever equal what was paid in not even considering interest lost. All BB need do is print up the cash and buy back the $2.6 trillion and send out the checks to everyone currently drawing or currently paying. End of problem.
CI
Oh, I've known that I'm getting the big goose egg SSA payments when I retire (which will be never). I've been saying that since the 1980's when I did the math and went to work for Harry Browne.
Some of us old bastards are with you young punks! Ron Paul could be a friend to all of us. He likes young punks. Let's all march on Washington, drag 'em all out of their offices and beat the shit out of 'em. We can call it "The Young Punks March on Washington." We don't have to kill 'em just beat the shit out of 'em. In fact all the Young Punks would have to sign a contract that only fists and "The Outsiders Rumble Gear (no knives/guns)" is allowed. That might keep the military from opening up w/ their M240's and save the Young Punks for making American babies later. Also, If Orrin Hatch kicks your ass... well that's just tough. At least you had your chance.
Even though I'm OLD... I still want to be a Young Punk. Maybe the Young Punks could implement an honorary advisory young punk status... I'll sign up for that.
+Utah
I wouldn't mind stabbing bonnie fwank in the heart with a butcher's knife, breaking pelosi's back, or caving in schumer's head with a baseball bat.
I would consider it a patriotic duty.
Take it somewhere else asshole.
hatch would melt into a puddle of make up lol!
where? like up your mom's ass fag boy?
If you beat the shit out of them, all you have left is lips and asshole.
Now that's just fucking funny, I don't care what your position is on this!
Hey ZHers. How old is this - "Krazy Kat, I dig that rhythmic beat!" Mike "the Daily Dirtnap Dude?"
And if he's 20's-30's and I'm 80 can I still be in his Krazy Klub, Kat? Or am I just too damn old.
Good luck with all of this. You know you'll be going up against the "Power of The Bernank." And when he reveals himself to be your father, Mike, try to stay calm - and just breathe.
Mike K! We fucked you. It wasn't deliberate, we are just stupid.
I see it clearly now. I have been deperately trying to tell my boomer brothers- we sold our country out. We own this mess now let's fix it.
You get a triple AAA rating for this piece, not because fixing blame will change it...but maybe my unconscious and indifferent generation can make it right.
I absolutely love to hear older members of my generation whine about the state of this country like they have no role in it. Unconscious. It must be someone elses fault. You are on the right path.
http://thecivillibertarian.blogspot.com/
Boomers paid in all their lives so their parents could collect SS and medicare, paid for schools so their kids, many also mortgaged their homes to pay for their kids college. But boomers are the bad guys, right.
Anyone generalizing about a "generation" is an idiot. Usually an young idiot with unresolved Oedipus issues.
Careful on the quality of food you buy indeed:-
Taco Bell is selling "seasoned beef" which only contains 35% real beef and 65% filler and assorted crap. Being sued by a brave lawyer currently.
BTW - US Gubbermint states that you have to have at least 40% real beef in your ingredients to be able to call it "beef" ..WTF
http://www.annieappleseedproject.org/monfdausgovc.html
http://www.grist.org/article/2009-07-08-monsanto-FDA-taylor/
corporate fud. and now in new improved smaller packages, with higher prices!!!
Great post. Thanks!
Great job turning a revolt against the banksters into an "inter-generational" conflict, Mike. Super. Well done. Way to build a movement!
Old ploy:
"It ain't you, it ain't me, it's that man behind the tree".
divide 'n' rule, tried 'n' true method of keeping the masses tamed and pointing fingers at each other, never at those who create the meme. . .
no offense Mike, and correct me if I'm wrong, but you appear to be a relatively wealthy, white, able-bodied, educated male, who took a road trip from your home in NY across country, to have a "peak experience" that landed you in Boulder, CO - the air is quite rarefied there, perfect for idealists and your demographic is no doubt well represented.
maybe take a trip OUTSIDE your amrkn comfort zone, if you want to know about revolution, don't live amongst the pampered, privileged few. . .
I think we did a better job of making them think it worked. ;)
wth is mk?
a soros minion?
'got to walk out of here
I can't take anymore
Going to stand on that bridge
Keep my eyes down below
Whatever may come
And whatever may go
That river's flowing
" We are now entering a time where the people (completely and totally sold out by their leaders and masters at the banks) must exercise civil disobedience and non compliance with an evil system. "
go mike go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
A naive utopian world-view appearently rooted in gen-Y's over-drive self-esteme (which their baby-boomer helicopter parents instilled in them). Didn't Obama (and Marx) play to the naivety and hautiness of a younger generation? The term is "useful idiot".
No market is truely a free market, and free-market capitalism does have its own issues with negaitve externalities etc. Again, naive to think that a "real free-market" utopia even exists. We can certainly all do better to get rid of the nanny state and corporate welfare ... but "real free-market capitalism" is a utopian myth.
Ask yourself why every utopian dream ends in death, the logic being that we can be happy if only we just "get rid of" this other bunch who are messing up our utopia.
If you think it's all going to get ugly soon, and that your generation has all the answers, I suggest you learn a useful skill ... like how best to lube your size 12 poop shoot.
Dolt.
"Fortunately for us, the most effective and powerful means of this I can think of is completely legal and consists of buying physical silver and taking possession."
OMG...are you flippin serious! Equating buying silver with the social justice movements of Ghandi and MLK!!! That how we protest now. Buy silver and retreat to the bunker and let other more courageous souls make the real sacrifice.
I've heard it all now.
Just buy silver, stay(get) out of debt then cook up some popcorn and watch the banksters crash and burn.
Jump you fuckers, JUMP!
" ....My generation is coming into its own and we don’t buy the bull shit of our parents’ generation. We don’t believe in Democrat or Republican. We don’t believe in the system itself. We will be the ones making the decisions going forward....."
Cute. Naive but cute. It sounds really really familiar.
"My generation is coming into its own and we don’t buy the bull shit of our parents’ generation. We don’t believe in Democrat or Republican. We don’t believe in the system itself. We will be the ones making the decisions going forward. We will default on the astronomic promises our parents made to themselves. We will create an entirely new monetary and financial system. Real free-market capitalism will flourish, not this socialism for the rich garbage Obama loves so much. We will focus on doing good while doing well. Not because the government forces us to, rather because we are witness to and victims of this sick, twisted creation of our parents generation that celebrates total greed without the slightest concern of the consequences to others."
You know, this is true. Generation X thinks this whole thing is a big shitpile. Look at Rand Paul: he wants to eliminate HUD, the Department of Energy, etc. His solution is to just bulldoze this crap. Later on, we will fire tens of millions of government employees, and then hire back 30% of them on reasonable wages and perfectly adequate benefits, including a pension that starts at age 65 and not a day earlier. The oligarchical parasites will have to go, perferably to jail.
gold is takin a decisive beatdown today dayum
Touching the 1310 even. Based on absolutely nothing but my gut I would not be surprised to find it going down more for at least a few weeks.
As the first of gen x or the tailest of the tail end of the babyboom (1964) i dont know if i am old enough to be yo daddy, but some of us have tried to limit government spending and debt and try to convince others we have a responsibility not to eat the seed corn and not to destroy the environment, short of chucking it all and joining greenpiece and playing bumper boats with the japanese i dont know what else i could have done. There are others like me but we were not the majority.
I believe debt repudiation is your duty. To accept this debt in which you had no say is to accept slavery. As the tail end of rhe baby boom i will suffer the most, being that cohort that paid in the longest before the system changed but it has to stop sometime. I will find a way to make it!
I would be right in between gen-x and gen-y, but all this generation BS is worthless. The babyboomers have done ok in my book. I do not think the decisions/evolution/course of the financial system and politcal elite are to be pinned on them. This anti-boomers thing to me feels like a distraction from the real core problems. This the more so because I love my parents.
jay! I got my first junk :-)
Nice article but it is still only in his imagination. First the Rothschilds have survive hundreds of year through all kinds of doom and gloom. The elite are not going any were. Second all these coup in other countries are probably started by the US to take control of the resources. I see NONE of this shit happening in the street of America, sign, awareness, NOTHING.