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Gonzalo Lira On The Coming Middle-Class Anarchy

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Sat, 10/09/2010 - 22:44 | 638763 jeff montanye
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they didn't jump, mostly, because they were decent.  they jumped because they were ruined.  this time around, not so much.  yet.

Sun, 10/10/2010 - 23:05 | 640161 FEDbuster
FEDbuster's picture

They landed in the government safety net, food stamps for bankstas.

Sat, 10/09/2010 - 15:49 | 638243 Attitude_Check
Attitude_Check's picture

Sadly we will only find justice "across the 5th domension"

Sat, 10/09/2010 - 16:35 | 638321 tip e. canoe
tip e. canoe's picture

all the more reason to learn to build hyperspheres

Sat, 10/09/2010 - 22:46 | 638768 jeff montanye
jeff montanye's picture

and surrey down to a stoned soul picnic.

Sat, 10/09/2010 - 11:39 | 637769 Catullus
Catullus's picture

Agreed.  That's why it's not enough to just be pissed off.  It's important to explain to people why they should be pissed.  Understanding the why will help them identify the cranks and snake oil salesmen. 

I think Lira makes the great point: people who are the backbone of society, who are really trying to play be the rules, are starting to say "fuck'em".  This was the moral hazard that anyone in 2007 and 2008 screamed about when the first bailouts occurred.  It would necessarily degrade to this and it has. 

Sat, 10/09/2010 - 13:19 | 637926 B9K9
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Hasn't anyone here read Upton Sinclair's "The Jungle"? The process of setting up and destroying rubes & taking advantage of the clueless is an age old tradition. There are passages in the book that read identical to GL's portrayal of this couple ie the protagonists trying to do the 'right thing' and getting hosed by operators. (In fact, the 'victims' stand out in such stark relief to 'spotters' that they could have brands on their foreheads.) Sinclair thought he could gin up all sorts of sympathy for the downtrodden, but the book's true effect was the creation of the FDA so everyone could go back to eating steak with confidence.

Now, let us pull away and view the situation as illustrated in The Jungle from a wider macro perspective. What critical incipient trends were just beginning to take hold at the time of the book's publication (1906)? Large scale automobile manufacture anyone? And what about all the major oil discoveries yet to be made, both domestically (TX) and overseas? Think radical economic growth had anything to do with papering over these prior class conflicts?

Ok, fast forward to today. I keep trying to tell everyone that only fools & chronic complainers would be wasting their time @ ZH if there was any inkling of potential economic growth. That is, this shit would all be long forgotten if there was some new glorious path to riches. If we don't come up with something quick, and I believe the event horizon is now long past, then we not only have to deal with the current manifestation of the collapsed bubble as represented by housing/mortgage fraud, but the roll-back of the entire ponzi that began in 1694.

For 316 years there has always been an out by reflating bubbles to cover up the sins of fathers ad infinitum. First, wiping out the inhabitants of continents & re-populating them subject to charters, contracts, loans & investments (all tremendously inflationary). Secondly, leveraging the utilization of vast virgin resources via the slave trade. Then, for the grand finale, the whole enchilada was capped off by the kingpin, fossil fuels (first coal, then oil).

If this is really it, and I'm pretty sure it is, then it doesn't seem like there are a lot of options other than getting out now. Because, if you don't think the power-elite also "get it" and have contingency plans well in place, then you're just gonna be nothing more than a stepping stone on their path to survival.

Sat, 10/09/2010 - 13:25 | 637985 bronzie
bronzie's picture

what, you don't think the latest version of a cell phone is enough to keep the world economy afloat!?

gotta run, have to trade my iphone for a droid ...

Sat, 10/09/2010 - 13:27 | 637989 Cognitive Dissonance
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A free copy of Upton Sinclair's "The Jungle" for those who wish to read about their own misery, only from the safe distance of 100 years ago.

http://manybooks.net/titles/sinclairuetext94jungl10.html

Sat, 10/09/2010 - 15:17 | 638192 macholatte
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Wow!

A terriffic link.

          Thanks!

Sun, 10/10/2010 - 10:39 | 639209 FatFingered
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I read all night.  I can not seem to be able to set it down.

 

thanks, CD

Sun, 10/10/2010 - 10:39 | 639210 FatFingered
FatFingered's picture

I read all night.  I can not seem to be able to set it down.


thanks, CD

Sat, 10/09/2010 - 14:11 | 638083 Landrew
Landrew's picture

Well said, B9K9 "OK, fast forward to today. I keep trying to tell everyone that only fools & chronic complainers would be wasting their time @ ZH if there was any inkling of potential economic growth. That is, this shit would all be long forgotten if there was some new glorious path to riches. " so true, if I had anything other than near at the money put options on banking sector, I would be here myself. I work in energy research ( which truth be told I would work for free) and now and then could treat equity markets like a physics experiment of mass and momentum, now there is zero volume killing the illusion of free markets. My avatar is a production graph of Cantarell oil field in Mexico showing a 8% yr/yr decline. Some people I think are starting to catch on to the declining production volumes of easy cheap crude oil. There is nothing easy or cheap about mining oil sands, mile deep ocean drilling, shale oil with a floor production profit cost of $80 a barrel. Many ask what would be the motivation for such a take-over, energy, population curve, global pollution or sheer greed? CD, has opened the door and now I want to know who is inside?

Sat, 10/09/2010 - 21:06 | 638637 trav7777
trav7777's picture

sheesh...if Cantarell only WERE -8% YoY. 

Sat, 10/09/2010 - 22:52 | 638776 jeff montanye
jeff montanye's picture

indeed.  that baby looks like double black diamond going to parachute territory.

Sun, 10/10/2010 - 10:25 | 639185 AssFire
AssFire's picture

trav, You forgot to tell us we are idiots and vent about Peak oil.

just a reminder.

Mon, 10/11/2010 - 23:19 | 642408 chopper read
chopper read's picture

funny. 

Sat, 10/09/2010 - 14:21 | 638101 hayleecomet
hayleecomet's picture

Right on, B9K9!  I love the way you write and always seek out your responses!

Sat, 10/09/2010 - 20:55 | 638626 doolittlegeorge
doolittlegeorge's picture

ooo.  a fan base.  cool.  i seek haley's comet every night too!

Sat, 10/09/2010 - 14:55 | 638157 minus dog
minus dog's picture

If there is a "path to riches", then of course people will ignore things.  Because they CAN ignore things.  If I don't need to worry about food on my plate and a roof over my head, it's a lot easier to deal with other assorted bullshit.

Sat, 10/09/2010 - 18:54 | 638468 FatFingered
FatFingered's picture

It's called a people bubble.  Central banking created artificial incentives to exploit excessive resources.  It will be the last bubble.  1694 - ????   POP!

Tue, 10/12/2010 - 12:08 | 643346 ATG
ATG's picture

Or Boxer the draft horse in Animal Farm, worked near to death and sent to the knackers by the Pigs.

Very real today:

http://www.orwelltoday.com/horsedeath.shtml

Sat, 10/09/2010 - 15:52 | 638253 Island_Dweller
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"There is no subtler, or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which only one man in a million is able to diagnose."

--John Maynard Keynes


Sat, 10/09/2010 - 17:56 | 638415 nmewn
nmewn's picture

The moral to the story is beware of Fabian's bearing gifts...LOL.

Sat, 10/09/2010 - 21:50 | 638688 WaterWings
WaterWings's picture

+1

Rhodes to Ruin

Sat, 10/09/2010 - 19:14 | 638497 You Cant Handle...
You Cant Handle the Truth's picture

An interesting bit to point out: that paragraph from Keynes's "The Economic Consequences of the Peace" begins with the words

"Lenin was certainly right There is no subtler . . . "

The preceding paragraph is also very enlightening, btw.

Sat, 10/09/2010 - 17:56 | 638417 GoinFawr
GoinFawr's picture

GL, I love the sentiment, but I can beat your expletive count and succinctly keep the theme of your post with the following song:

http://www.thesixtyone.com/artist/whiteyhouston/songs/#/artist/whiteyhouston/songs/

Just replace 'Liberty Mutual' with your choice of offending financial institution/insurance broker/political figure (no rhyming necessary) and presto! You have an appropriate outlet for expressing your entirely justified frustration and anger.

Regards

Sat, 10/09/2010 - 12:33 | 637901 Pondmaster
Pondmaster's picture

FWIW - Where I work ( and work hard ) two of the laziest guys there "showed me down" a few months ago . Sneeringly and arrogantly stating " Those who work hard get screwed by the company , but those that goldbrick and could careless about putting in 40 hrs work for 40 hrs pay get away with it everytime " . They want me to cave and say "fuck it" as well . To become just like them ,a work ethic makes them look bad. In their own consciouses. My thoughts are once you say "F... it" at work , its all over . "They" have won. But seeing the reality of there statement daily since I was confronted makes it very very difficult to continue . I am getting tired , just the the couple in the article above . This is the new America. Not one I am proud of . I don't blame the couple for (wife) for wanting to give up and be given over to the wrong attitude . Her husband is the last bastion in the family finances . Right or wrong morally is not the issue . When he gives in to the Fuck it its all over , they lost . America has lost . What we the majority stand for and beleive in in our country is lost . The criminals and cheaters have won . We have become one of them . Sorry for the ramble , but this article really hit home . I pray for more resolve to do the right next thing daily . For all of us         

Sat, 10/09/2010 - 13:09 | 637958 citizen2084
citizen2084's picture

Pond - You are spot on with this comment.  Your personal integrity is priceless and we should should think long and hard prior to giving it away.

ciao,

c2084

 

Sat, 10/09/2010 - 13:34 | 638006 Reductio ad Absurdum
Reductio ad Absurdum's picture

This was the inevitable outcome of pluralistic democracy, since the lazy, immoral, or incompetent will always be in the vast majority. Glad to see more good people waking up to reality.

Sat, 10/09/2010 - 16:56 | 638351 vanderrook
vanderrook's picture

Thank You Reductio.

Collectivism at it's finest. One has more than the other nine; they vote themselves the One's property- because it's all legal. It's "democratic."

This article is the most relevant I've seen in months. I'm glad to see that the author understands anarchy: that it isn't necessarily violent chaos.

Anarchy means only "without ruler", that's it.

Democracy (and all the other "isms") lead right here.

Sun, 10/10/2010 - 01:08 | 638908 chopper read
chopper read's picture

no more republic protecting individuals, where one has to outright own land to vote.  this is MOB RULES democracy.  the inmates are running the asylum.  

Sat, 10/09/2010 - 16:58 | 638352 vanderrook
vanderrook's picture

Double post

Sat, 10/09/2010 - 13:44 | 638034 Dan The Man
Dan The Man's picture

I think the "Fuckit" attitude is absolutely necessary for revolution.  I'm sorry to have to say this...but a good work ethic and paying your taxes are values that are now just prolonging the agony.  Join the revolt or be run over by it.

Sat, 10/09/2010 - 13:46 | 638041 Dan The Man
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I think the "Fuckit" attitude is absolutely necessary for revolution.  I'm sorry to have to say this...but a good work ethic and paying your taxes are values that are now just prolonging the agony.  Join the revolt or be run over by it.  Real change in our financial structure will not happen without the big "FUCKIT".

Sat, 10/09/2010 - 18:45 | 638458 RockyRacoon
RockyRacoon's picture

Look to education as well.  Dropouts, cheaters, and apple polishers will always be with us but we have them now in abundance.  A student who does well is scorned in a lot of school environments.  The high school graduate of today "knows" less than an 8th grade student of the 1950s.  Students entering college have to have remedial courses to bring them up to speed.  That speed being 4 to 6 years behind the curriculum of just 50 to 75 years ago.  Makes this the future:  Idiocracy

Sat, 10/09/2010 - 14:18 | 638095 Psquared
Psquared's picture

clap, clap, clap ... I'd rather become bankrupt and live under a bridge than do the immoral and unethical thing. I don't care what everyone else is doing.

Once we start doing what is expedient instead of obeying the law, no matter how burdensome it might be, we have lost.

Sat, 10/09/2010 - 15:30 | 638212 minus dog
minus dog's picture

So we're just to follow the law off of a cliff?

At some point you simply have to go your own way.

Sat, 10/09/2010 - 15:55 | 638261 Milestones
Milestones's picture

This is a 50-50 deal. First paragraph 100% Second paragraph a 0%. The first should dictate the second; you are believing the law is to be obeyed. I would contend nearly all that passes as law is corupt and by the terms of the first must be set aside.

Milestones

Sat, 10/09/2010 - 15:57 | 638262 firstdivision
firstdivision's picture

Well just remember the fact that business and banks all said "fuckit" long ago and you bailed them out so that they could continue their immoral and unethical actions.  I ask you this, would you not consider it immoral/unethical for them to charge them a late fee after approving the lowered payments? They flat out lied to the couple, then charge them extra for the privilege to be lied to.  Everyone in this country needs to stop paying their mortgage and taxes.  Our money has been handed out in bonuses and for unethical business practices, without our say so. 

Sat, 10/09/2010 - 18:47 | 638461 RockyRacoon
RockyRacoon's picture

Exactly!  If those who already have most of it were not trying to take the rest of it we might not care so much.  But the bastards are now getting greedy; they want it ALL.

And that will just not do.

Sat, 10/09/2010 - 22:29 | 638742 chopper read
chopper read's picture

lying to the police is never wrong. :)

Sun, 10/10/2010 - 02:15 | 638958 traderjoe
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Unless you are Martha Stewart. 

Sun, 10/10/2010 - 02:26 | 638967 ViewfromUnderth...
ViewfromUndertheBridge's picture

My sentiments exactly and I put them into action. I sold everything I owned and paid back all loans (with a little left over I gave to my kids) and what I kept I bought physical gold. I work, it all goes into physical.

So, the view from under the bridge ain't so bad...I am not quite there but compared to my former life a lot of people I knew would see it that way. I am fitter, I hardly drink, I buy food and pay rent and that's it. I think more and I am getting my own back by (silently) telling the whole fucking corrupt Powers That Be that me and my gold will be here after they have gone, be it 1,2 or 10 or 20 years....and I get to watch. I feel I have not cheated. To me, important.

Good luck

Sun, 10/10/2010 - 10:29 | 639190 fiftybagger
fiftybagger's picture

+1

Sat, 10/09/2010 - 14:50 | 638149 Anonymouse
Anonymouse's picture

Very well said.  I know how you feel.  Hard as it is though, keep doing the right thing.  It is good for the country and good for you.  God sees what we do and what is in our hearts.  In the long run, that is what matters.

Funny that Peggy Noonan (elitist that she is) wrote today about essentially the same thing.  She was speaking about the corruption in Greece, how everyone becomes corrupt as they see it as the only way to keep up with the others that are cheating.  She sees it creeping into America.  We have to fight it every day.

Sat, 10/09/2010 - 17:50 | 638408 RECISION
RECISION's picture

Well, that fight is lost...

A long time ago.

Sun, 10/10/2010 - 11:29 | 639280 snowball777
snowball777's picture

WTF? Dipshits like Noonan have been enabling said corruption for decades. Get a clue.

Sun, 10/10/2010 - 15:38 | 639614 Anonymouse
Anonymouse's picture

I thought I made it clear.  I'm not a fan of Peggy Noonan (she's a great writer but an elitist).  My point was even the elitists are seeing the change, not just moonbats like ourselves on ZH

Sat, 10/09/2010 - 17:26 | 638150 Anonymouse
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.

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