• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Guest Post: The Bankruptcy Of Corporate America

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/10/2011 - 12:29 | 1358258 eureka
eureka's picture

The People, by its ignorance and passivity, wills it.

Fri, 06/10/2011 - 12:50 | 1358329 Zedge Hero
Zedge Hero's picture

Down with the Bank Cartels, here is my weekly news cast against the cartels, tell me what you think, inspired by the likes of Zero Hedge.

http://www.youtube.com/user/zedgehero

Fri, 06/10/2011 - 13:42 | 1358528 wanklord
wanklord's picture

Americans are a bunch of stupid animals easy to manipulate and subdue. These mules clearly fit in one of Leo Strauss' (*) categories of society: the Vulgar Many.

"The vulgar many, are lovers of wealth and pleasure. They are selfish, slothful, and indolent. They can be inspired to rise above their brutish existence only by fear of impending death or catastrophe."

The sooner the US economy collapses the better, thus these subhumans will finally learn not living beyond their means.

(*) German Philosopher / 1899 -1973

Fri, 06/10/2011 - 23:17 | 1360482 Green Leader
Fri, 06/10/2011 - 12:53 | 1358330 ratso
ratso's picture

No, the greedy capitalists and their right wing republican cronnies will do anything including sell off America's interests just to make a few more pennies at everyone's expense.  

Please note - the poor and middle class are getting poorer and the rich are getting richer with an ever increasing disparity. 

We the people are just the patriotic masses to be exploited and sent to wars as cannon fodder

Time to BRING OUT THE CAKE!

 

Fri, 06/10/2011 - 13:20 | 1358413 Ms. Erable
Ms. Erable's picture

Funny that you think there's a difference in someone's actions or motivations because there's either an (R) or (D) after their name on the telescreen. Sad, but funny.

Fri, 06/10/2011 - 13:31 | 1358475 TheTmfreak
TheTmfreak's picture

Right. I like how republicans are singled out. Democrat shrill?

I may not like republicans, but I sure as hell don't like democrats.

Fri, 06/10/2011 - 14:51 | 1358903 weinerdog43
weinerdog43's picture

I don't think pubs have been singled out here.  Facts are funny things.  Open your eyes.  Anytime you hear the word 'bipartisan' watch your wallet.

Fri, 06/10/2011 - 17:30 | 1359598 CH1
CH1's picture

Any time someone tries to see the world as a Blue-Red fight, walk away and stop wasting your time.

Fri, 06/10/2011 - 21:59 | 1360347 Ms. Erable
Ms. Erable's picture

And I was still trying to figure out what a 'cronnie' is... Found it: http://www.urbandictionary.com/define.php?term=Cronnie

 

Sat, 06/11/2011 - 03:05 | 1360787 jeff montanye
jeff montanye's picture

bush and obama back to back is the clearest demonstration of this the mind could imagine.  indeed it was beyond the imagination of many, mine included.

Sat, 06/11/2011 - 14:01 | 1361359 Bananamerican
Bananamerican's picture

+

Fri, 06/10/2011 - 13:36 | 1358481 Sabibaby
Sabibaby's picture

I love it when people bring up the Republican vs. Democrat thing. It's funny to see and even funnier when greed is only portrayed for Republicans. It's like, since Obama says he's a Democrat then he isn't involved. Just that simple relationship makes everything he does ok in ingnorant peoples eyes.

Turn off the TV dude! it doesn't matter if they're R or D, THEY ALL DO IT!!!

Fri, 06/10/2011 - 14:12 | 1358669 Alcoholic Nativ...
Alcoholic Native American's picture

JUNKED

Fri, 06/10/2011 - 14:35 | 1358792 ElvisDog
ElvisDog's picture

greedy capitalists and their right wing republican cronnies

Question for you: what group was the largest contributor to Obama's campaign in 2008? Answer: Corporate America

So either (A) Obama is a right wing republican or (B) you are a mindless tool who can't see beyond the red-blue paradigm fed to you by the MSM.

Sat, 06/11/2011 - 03:10 | 1360790 jeff montanye
jeff montanye's picture

a and b are far from mutually exclusive.

Fri, 06/10/2011 - 16:50 | 1359463 groucho_marxist
groucho_marxist's picture

the cake is a lie.

 

(everyone knows that)

Fri, 06/10/2011 - 17:17 | 1359566 Freewheelin Franklin
Freewheelin Franklin's picture

No, the greedy [unionists] and their [left] wing [democratic] cronnies will do anything including sell off America's interests just to make a few more pennies at everyone's expense. 

 

See, that works BOTH ways.

Fri, 06/10/2011 - 18:38 | 1359871 iNull
iNull's picture

flag as gem (1)

Sat, 06/11/2011 - 09:03 | 1360933 PulauHantu29
PulauHantu29's picture

 

"Mundus vult decipi, ergo decipiatur."

Latin proverb from William Bonner & Addison Wiggins, Financial Reckoning

Fri, 06/10/2011 - 12:30 | 1358259 America- Some A...
America- Some Assembly Required's picture

The headline should be "The Bankruptcy of Planet Earth"

Fri, 06/10/2011 - 12:27 | 1358263 TheWord
TheWord's picture

Communist garbage.  Sure, the US might be bankrupt.  However, it's bankrupt for purely idiotic reasons.  It has nothing to do with your philosophical bent.

Fri, 06/10/2011 - 12:34 | 1358282 falak pema
falak pema's picture

Math, that conditions financial transactions and book keeping is a communist and idiotic philosophical bent. If I follow your reasoning...

Fri, 06/10/2011 - 12:46 | 1358307 WallStreetClass...
WallStreetClassAction.com's picture

sure. must be "communist" because is talks about political corruption and corporate graft. can't wait until I can use idiots like you for a fertilizer.

Fri, 06/10/2011 - 12:53 | 1358327 InconvenientCou...
InconvenientCounterParty's picture

Wake up and smell the corporatist dogma:

evils of collectivism

evils of regulation

evils of taxation

evils of human empathy

basically, anything that reduces profit

 

 

Fri, 06/10/2011 - 13:00 | 1358348 DoChenRollingBearing
DoChenRollingBearing's picture

evils of competition...

See my below textbook example: Timken.

Fri, 06/10/2011 - 13:08 | 1358376 Ricky Bobby
Ricky Bobby's picture

Well let's see, my choice is between Corporate Masters or Party Apparatchiks.

Fri, 06/10/2011 - 13:29 | 1358466 WallStreetClass...
WallStreetClassAction.com's picture

pull your head out of your ass

Fri, 06/10/2011 - 14:18 | 1358679 aerojet
aerojet's picture

If corporations ever obtain the right to kill people, there won't be any distinction.

Fri, 06/10/2011 - 14:30 | 1358752 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I believe Xe, Halliburton et al already have that right.

Fri, 06/10/2011 - 18:40 | 1359875 iNull
iNull's picture

ahem...HMOs

Fri, 06/10/2011 - 13:06 | 1358383 Kayman
Kayman's picture

 

by TheWord    Communist garbage ?

I think you should loosen that sphincter  muscle wrapped around your neck.  Your brain needs some oxygen.

"Corporate America is not about free enterprise and competition; it's about eliminating competition and forming highly profitable cartels and quasi-monopolies protected by regulations and barriers erected and vigorously maintained by the Central State." 

No truer words were written.

Corporate America mirrors the Regional Party Bosses controlling the Politburo.

 

Fri, 06/10/2011 - 13:29 | 1358463 WallStreetClass...
WallStreetClassAction.com's picture

exactly

Fri, 06/10/2011 - 15:14 | 1359025 Segestan
Segestan's picture

40+ years of Liberal globalization is  communism by other means. Now people throughout the world act as if the CCP is the way to the future.

The battle for freedom is going to be a bloody one.

Fri, 06/10/2011 - 16:38 | 1359399 weinerdog43
weinerdog43's picture

Lucky for us, retards like you will be in the dustbin of history.  Adios fascist fuck.

Fri, 06/10/2011 - 16:41 | 1359421 Segestan
Segestan's picture

Lucky for me you are the enemy.

Fri, 06/10/2011 - 16:53 | 1359485 DoChenRollingBearing
DoChenRollingBearing's picture

Oh, touche'!

Fri, 06/10/2011 - 12:28 | 1358265 eureka
eureka's picture

The People, by its ignorance and passivity, wills it.

Fri, 06/10/2011 - 13:04 | 1358363 j0nx
j0nx's picture

+1. Nothing more than this ever need be said. In the end, the people get what they allow which is what they deserve.

Fri, 06/10/2011 - 13:51 | 1358568 Alienated Serf
Alienated Serf's picture

i have been struggling with this question for a few years now. 

do i continue to warn the ignorant who think i am a nut? these are people who work in finance and law, people who should know better.

at this point, i'm inclined to say that i did what i could for them.  they will get what is coming.

Fri, 06/10/2011 - 17:35 | 1359600 CH1
CH1's picture

+ 100

Who is junking this? It is 100% true!

Fri, 06/10/2011 - 18:44 | 1359888 iNull
iNull's picture

No shit. We need an unjunk button.

Fri, 06/10/2011 - 12:35 | 1358271 Robslob
Robslob's picture

The poor are really going to get the shaft when "corporate profits" go down the toilet...SNAP.

Fri, 06/10/2011 - 12:37 | 1358277 gwar5
gwar5's picture

We was robbed.

I'll be damned if my life is going to be offered up as collateral to the Kleptocracy.  The Chinese are right, the US is already defaulting in slow motion by printing worthless FRNs. The casual observers even know it now. 

We are already in WWIII and it's an economic and cyber war. As usual, the financiers and bankers are front and center instigating it. 

Fri, 06/10/2011 - 12:57 | 1358356 Village Smithy
Village Smithy's picture

But well behind the lines with the rest of the pogues!

Fri, 06/10/2011 - 22:37 | 1360419 Milestones
Milestones's picture

We will only have WWIII if we don't have the balls to have Revolution II.    Milestones

Fri, 06/10/2011 - 12:34 | 1358281 ebworthen
ebworthen's picture

 

Add government to corporations.

In this job market, you either put in the overtime for free and ignore the malfeasant behavior or you are gone.

They can always hire a peach faced high school/college grad with no kids or health problems who will act like a puppy dog for 10% above minimum wage or 40% below what they were paying you.

Meanwhile, back in the MSM politico-kleptoligarchy machine, missives from the ministry of disinformation will pit the Union bashing entrepreneureal conservatives against the Corporate bashing workaday timecard liberals spittling and cavorting about this candidate or that legislative scrip that will bring back the lollipops and buttered corn on Sunday.

Tear it down, tear it all down.

 

Fri, 06/10/2011 - 13:22 | 1358439 pazmaker
pazmaker's picture

hit the nail on the head EB!   you hit the nail on the Head!

+100

Fri, 06/10/2011 - 12:39 | 1358284 Michael Victory
Michael Victory's picture

first the peeps go broke, then the corps, then the peeps again.

Fri, 06/10/2011 - 12:34 | 1358286 Sophist Economicus
Sophist Economicus's picture

Chuck, you are a waste of space and virtual ink

 

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