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Guest Post: Economy Flight 666 - Our One-Way Ticket To Zimbabwe
- Ben Bernanke
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Submitted by Davos Sherman Okst
Economy Flight 666 - Our One-Way Ticket To Zimbabwe [Part 2 of Part 2, Part 1 can be found here]
In the fine book “I.O.U.S.A.” former Comptroller General David Walker said, ”[The] fourth and most serious of all is a leadership deficit.” The material I reviewed underscores Walker’s observation.
I’m
a huge Paul Ryan fan. I’m impressed with his handle on our budget. I
give him a tremendous amount of credit for addressing our dismal fiscal
situation head on. I commend him for making it the center of his work.
This is something most politicians refuse to even mention, let alone
address in public.
Congressman Ryan is working to solve it. As
much as I like, admire and respect Representative Ryan - I have to say:
He epitomizes Walker’s illustration of our biggest deficit. He does
not have the economic vision to see the picture and he is therefore
stunted from forming a dynamic and cohesive plan that will solve our
problems.
This is entirely evident from the compilation of video clips.
The
one thing 15,000 hours of flying taught me is this—when there is an
emergency, or even an anomaly, the procedure for saving one’s assets
boils down to 5 simple steps:
- Identify the Problem.
- Clearly Annunciate the Problem.
- Verify it.
- Remember the Corrective Procedure [memory items] - and if there isn’t a procedure—create one.
- Execute the Plan - and if you have any weak links in your crew remove that link immediately—rely on the strong points of your team.
Bernanke
is by definition a weak link. Obama should have fired him. He and
Greenspan created the housing bubble. They deserve no rewards for
ordering a 10.4 trillion dollar carpet to sweep their mess under in
order to hide and prolong the disaster. Paul Ryan should have used this
opportunity to publicly condemn the man and demand the idiot's
resignation. You can see by the videos that the committee is bumbling
around in the dark feeling its way around.
The only question that should be asked is: “Bernanke, do you want to resign now or when you leave this meeting?”
So what we should be hearing from Congressman Ryan is this:
- Identify the Problem:
We are insolvent. We take in less than we spend. Our current fiscal
situation is that we take in about 2 trillion in tax revenue, we borrow
about 1 trillion and we spend 4.5 trillion. - Annunciate the Problem:
Bernanke is destroying our currency by monetizing our 1.5 trillion
dollar shortfall electronically. His intention is admirable—he wishes
to avoid defaulting on our debt. The downside to this is that it
expands the money supply because the money has already been spent by our
overextended government. Please read that again. The money is not
sitting in a bank or over at the Fed, this money has been spent.
Without this monetization Social Security payments would not go out,
debt service to China et al would not be made, government workers would
not get checks. Bernanke is fooling himself (and us if we listen) that
when the time is right he’ll contract the money supply by selling assets
- the buyers have not been there, they won’t magically appear. You
can’t contract a money supply without creating a deflationary
depression. Furthermore, if we can’t sell 1.5 trillion more treasuries
today to China et al no one in their right mind would buy into that in a
month, several months or a few years from now that China or any other
investor will want to buy more of this debt. - Verify it: The GAO verified it, lack of demand has verified it.
- Formulate a Corrective Procedure: Since
there is no real written procedure for countries declaring bankruptcy
we are left with five options, only the fifth option below is sound:- Going
to the IMF (the financial hit-men) and getting a high interest loan in
giving them our resource rights as collateral (bad idea). - Defaulting (bad idea - won’t fix the consumer, state or municipality collateral damage).
- Sneakily
debasing the currency and paying old debt with worthless dollars
created with a computer and keyboard (what Bernanke is knowingly or
unknowingly doing)—a painful hard way of doing it. Commodity prices are
pegged to the reserve currency, exporting inflation to countries where
people make 2 bucks a day is a recipe for the other countries revolting
from the US reserve or winding up in deposed induced anarchy. If we are
not the reserve currency we will be like Greece—unable to print money
and left with more debt than we can ever pay. Governor Christie is
about to learn this lesson. - Re-valuing the currency by saying
bring us 100,000 old dollars and we’ll give you one new dollar, which
usually diminishes faith, causes a great deal of pain and sometimes
takes several attempts before success is achieved. - The best
idea would be doing the latter (revaluing the dollar by reissuing a new
dollar) but backing it (at least loosely) to gold - (even if for just a
short amount of time). The United States supposedly has 10,000 tonnes
of gold. More than any other country. I say supposedly because it
hasn’t been audited in decades. We also hold another 8,000 tonnes of
gold for other countries (if our leadership stole money from us, our
kids and their unborn kids and enslaved us and them into a world of
instant debt just to bail out the morons on Wall Street who created
these derivatives of mass destruction (because they bribed them with 85
billion in lobbyist donations)—then “borrowing” 8,000 tonnes of gold
which belongs to other countries is a given. The trick is to do this
now, in a few years China will move from 1,000 tonnes of gold to God
knows how many thousand tonnes and they will execute this step. We need
to get our manufacturing jobs back from China, and we need to kettle
their energy thirst. Let me be blunt: Until there is a new energy
technology it is us or them. One country will be in cars, the other
will be three peasants hanging off a moped.
- Going
5. Execute the Plan: Paging President Teleprompter.
During one of these FOMC meetings Bernanke asked about a chart showing the value of our dollar losing 10 percent per year.
Ask yourself: Just how that plays into the Fed’s dual mandate of
maintaining price stability by preserving the value of “our” currency?
Just where can you put the savings from your flat, circa 1970s wages, to
work and get 10% per year?
No small wonder why gold was up 29% last year and silver was up 89%.
The
long bond (30 year) is tanking, the 3 decade old bond bull market is
finished! This is evident because the yield busted the 10 year moving
average when it blew above 4.75%.
Money moves out of bonds when central banks print.
Money flows into hard assets, gold, silver and commodities when central banks go berserk.
The central banks will have to come in and buy more bonds in order to drive bond prices up, inversely lowering yields/interest rates.
Bernanke’s QEII won’t hold rates down, there is not enough Fed bond
buying. It’ll take QE III, QE IV, and QE V to dominate the bond
auctions and drive rates below 4.75%.
When that happens the dollar will have the value of toilet paper.
So
to answer the question: “How does monetizing the un-payable portion of
our deficit play into preserving the value of the dollar?”—it flat out
doesn’t. That is why our dollar has the purchasing power of 4 cents.
The Fed was created 100 years ago, the dollar lost 80% since Nixon took
us off the gold standard in 1971. The dollar will literally be
worthless when Captain Bernanke completes his flight. The engines
(read: the printing presses) are melting the wings off the plane.
Bernanke is kidding himself, the House Budget Committee and the entire
60 Minutes audience when he says that he can raise interest rates in 15
minutes. He can raise rates but it would be the INSTANT end of the
economy. I’ve read the book: “Temple of Secrets: How the Federal
Reserve Runs the Country”, and a large portion of the book was dedicated
to Paul Volcker’s 21.5% rate hike. The adverse effects on the economy
were disastrous. Businesses stopped borrowing, or went broke borrowing,
unemployment went through the roof, housing was crushed, large
purchases of automobiles crumbled.
When someone’s voice crackles it indicates a total lack of confidence in what they are saying. They are not being truthful.
Bernanke says:
- ‘The fear of inflation is overstated’ — Like the housing bubble Ben?
- ‘We aren’t printing money’ — BS.
- ‘The money supply isn’t changing’ — The government spends roughly 1.5 trillion more than it takes in with taxes and borrows (there are 1 million "millions" to a trillion www.vemeo.com/4428480 only 21% of our nation know this fact).
- Spends is the key word Ben, the money supply IS increasing, the government spends money it doesn’t have and you create it.
- ‘What
we’re doing is lowering interest rates’ — Not working Ben, money left
the long bond, rates blew out to 4.75% breaking the 10 year moving
average signaling the end of the 3 decade bond bull market. It’ll take
massive amounts of QE to sop up enough bonds to drive rates down and
bond prices back up. It’ll toast the dollar’s value. Supply and demand
is the key law to economics and even money supply has supply and demand
issues. Economics 101 Ben. - ‘Trick is to unwind it at the right
time’ — IMPOSSIBLE, your the only one buying this trash. There is NO
demand for this crap. Time or timing won’t change that. You are
bluffing yourself and us. This is another “Housing isn’t in a bubble, I
don’t agree with your premise” delusion. Time will - once again—show
you for the inept economic moron you really are. And by the way
Bernanke, housing prices have declined in our nations history, it
happened during the last Great Depression, you know the one you profess
to be an expert on!
But the single biggest reason the Fed can’t raise rates is debt
service. It is right in Bernanke’s testimony. Just the cost to service
our debt would go up to 6 trillion if rates went up.
RATES
CAN NOT BE RAISED - ONLY A REVALUATION OF THE CURRENCY AND MIGRATING
BACK TO A GOLD STANDARD CAN PREVENT INFLATION. Paul Ryan did the math.
Why he or anyone else listens to Bernanke say he can raise rates in 15
minutes is absolute absurdity.
- $1,500,000,000,000.00 deficit - Which Bernanke is monetizing.
- Sound money - Can’t have it with monetization.
- Public
Debt is Now 69% of GDP - Let’s not forget that public debt is about 14
trillion and the off balance sheet debt (Social Security 14.6 trillion,
Medicare 76 trillion, Prescription Drugs 19.2 trillion and GSE is about 3
trillion), all toll you have about 128 trillion of debt. Then think
about the states and local municipalities. Greece starts to look good.
Sorry Paul, you can’t have an economy with a consumer that has been bled
to death with taxes hidden and overt.
- Representative Paul Ryan asks: ‘Isn’t QE II debt monetization?’
— It is, the government has spent the money that it couldn’t borrow or
raise with taxes. SPENT is the key word - Bernanke lies and says
it isn’t monetization he goes onto say that the money supply will be
contracted — BS, the money has leaked into the economy vis-a-vis Social
Security payments, government salaried workers, China et al receiving
debt service on bonds and so on.
- Unemployment discussed is based on 9.6% — Unemployment is
actually 22%, if you aren’t aware of that you’ll want to watch the Crash
Course mentioned and check out www.ShadowStatistics.com.
Basically the numbers Bernanke and Congressman Mulvaney use to
calculate how long before there is an economic turnaround are predicated
on half (+/-) of the actual rate. Bernanke should have been slammed on
this. While Mulvaney is one of the brighter bulbs in the room he
clearly has more pets and chickens than economic horse power. We can
expect over a decade (barring a bubble, some energy invention or the
clearing of tax debt and personal debt) before rates get back to where
they were. - A 3.2% GDP growth rate is also discussed — Again,
you’ll want to watch the Crash Course chapters outlined above if you
don’t have a clear understanding of how the government calculates GDP.
We didn’t have a 3.2% improvement in GDP. - The Fed’s FOMC
minutes discuss CEO’s desire to exploit LDC (Least Developed Countries)
labor rates. Either one of two things will happen: 1) We get the
manufacturing jobs back, wipe away the debt and flourish or 2) We endure
a depression and our wages get reset to that of the LCD’s (2 bucks a
day). Again, Mulvaney and the rest of the gang should have chastised
Bernanke for condoning discussions about exploiting labor as acceptable
and routine. - Our leaders chose the fixing of roads as
incentive. It takes 121,600 gallons of oil to pave 1 mile of highway.
China is way behind on their roads. Chris Martenson suggested in a
podcast that people be put to work insulating houses to save oil. - 67% of the economy is driven by consumers, if you read Jim Quinn’s article, The Shallowest Generation,
you’ll see that consumers got their money from credit, that is how the
economy thrived. 9 billion borrowed dollars wracked up on HELOC’s and
spent at Starbucks on 4 dollar coffees is a case in point. We have
massive debt and 22% unemployment because we gave good jobs to China so
CEOs could make 400 times what their workers here earned.
In Summary:
This will, without a doubt be another Katrina. All I witnessed was 2
hours of empty words and a tremendous amount of chicanery on the Fed’s
part. We can’t get to a stable monetary system stuck on this flight to
hell. I am deeply saddened that Paul Ryan won’t be a good leader until
after he learns from this colossal failure.
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you get the shocker, whether you have a vigina or not. hyperinflation sucks. i had my '1,000 rolls of toilet paper' moment today, when 2,500 packets of 'starbucks via's arrived in my office. the slogan for the Via is 'never be without good coffee'.. fuckn a..
two thousand five hundred!!! it is a site to behold.. it made me want to buy a treasure chest.
CRANKKKK..aaggghhh. ugh.
It's what's for dinner, ya?
toilet paper moment..
http://www.zerohedge.com/article/gold-75-underowned-20-years-or-exeters-...
I am now convinced that Ben is simply the fall guy. The powers that be have selected him to be the front guy. Lucky him. Meanwhile, behind his back tptb are and have been positioning themselves to survive the coming debacle. Double meanwhile, Benny actually thinks he has things under control. And his controllers feed his ego at every opportunity. "Good job Ben, we're behind you 100%." He is the perfect fall guy. And when all goes to hell... Ben will be left out to dry, twisting slowly in the wind. Triple meanwhile, his so-called friends/supporters/backers/peers wil be enjoying themselves on a secluded island in the tropics or in a bunker buried deep within the terra firma. Another meanwhile (I don't think I can spell quadruple), Ben will be left to answer for his deeds all by his lonesome.
Looks like The Bernank is taking care of business in the overnights...
ES gettin' some wood.
LOL...
US bond market failure has begun. Slow at first but.....China, Russia and PIMCO.
http://dawnwires.com/investment-news/china-russia-join-pimco-in-selling-...
If it is the Bernank that is creating these trillion dollar overdafts then he should have to pay the overdraft fees and make good on the bad checks. Oh wait, Bernank doesn't actually create these 2011 (still not approved) or the new 2012 budgets that have almost $3 trillion in overdrafts in them. Maybe it's time to hold the people accountable who have to rely on the Bernank to go to his friends, neighbors and employees and borrow the cash to cover these deficits. Last time I looked there were , let's see about 435 congress critters who just say DO IT and then lay the blame on someone else. If you don't want the Bernank to ruin us then tell your Congress critter to make the little numbers on the left side not be more than the little numbers on the right side. Hell, I saw 2 of them on the Yellow Line yesterday and pointed at my lapel pin. They laughed and asked -- A red hot poker I responded. Screw the teabags.
Regards CI
I'll post this here as there appears to be a pervasive misunderstanding of the events that are unfolding. If sufficient demand exists, I am willing to write a series of articles to unravel the points below in proper context.
---
It is a rather rudimentary supposition that Bernanke has thwarted the best possible guidance of Western financial personalities, and has chosen to his personal satisfaction an outcome of hyperinflation. Yes, hyperinflation will inevitably result, but it will not be a prolonged Zimbabwe-like episode – and the more curious fact remains – it was unavoidable. To remove the ambiguity from this statement, it is expedient to frame the state of Western aggregates as issues of security policy parallel to a monitor addressing domestic conditions.
Bernanke, contrary to popular belief, has very little control over Federal Reserve policy; and when one understands the political coercion taking place to ensure against deviation from certain guidelines, this notion becomes more plausible. There is an involved explanation that disposes of this seemingly fallacious statement, but it requires years of both military and foreign security training to grasp.
To shorten the explanation, the following are the constraints:
Washington has a growth imperative in terms of expanding foreign operations, ensuring domestic resource supply, and restraining factors or entities which work to impede this goal.
Currency, specifically the reserve currency, is as well a tool of foreign policy, not only domestic policy.
The Western world faces fundamental threats to its way of life, and may only preserve its institutions and common ideals over the next 5 decades if its substituents are assimilated as a union for operational purposes.
To elucidate a number of notions that may be foreign to those who haven't had the opportunity to entertain these facts, I'll digress at this point to provide for the thesis that Western policy shortfalls are meant to engender a thrust towards consolidation.
Ireland was extended a loan package they were not willing to take, but were forced to do so.
Significant steps towards North American military and economic integration have been taken in the past 36 months, though many specifics have not been made public.
An effort is being made to force a revaluation of the Yuan, using both foreign security and domestic monetary policy, to address significant account imbalances between the West and the East (http://www.amazon.co.uk/Bill-China-Shop-Savings-Threatens/dp/1861978715).
The EU has begun a long process of financial and regulatory consolidation in and amongst themselves, and will in the future acquiesce to North American demands by accepting a novel accounting unit with a gold tie for the purposes of limiting global liquidity.
Major North American exchanges are now being systematically integrated with European operations – this includes both the Toronto Stock Exchange and the New York Stock Echange (in progress).
Hyperinflation is an unavoidable consequence of ensuring the identity of Western ideals given the prevalent socialist structures and the external economics imbalances at hand. The West cannot survive for any meaningful period of time as a set of socialist states colluding to promote democracy, first without ensuring its own sustenance. It must accelerate this cycle to purge imbalances and reduce barriers to consolidation – that it may reposition itself globally for continuity. This is understood by the security services and military, and thus democracy (socialism in disguise) is being systemically dismantled to ensure continuity. One must understand that the welfare state inevitably collapses upon itself either way due to carrying costs, and it cannot be reformed politically in the process for the reason that doing so would constitute an attack on the public veneer of democracy. The public cannot help themselves, for they do not have the expertise to hedge against global strategic threats.
In light of this, understand that the gold price suppression is not carried out against the citizenry, but has served as a critical strategic hallmark of this consolidation programme. As evidence, examine the decline in global central bank holdings into 2005. Many of the Western central banks have already been consolidated under a central, though admittedly non-public repository. The issuance of a gold linked SDR under this collective consolidation will provide the West with leverage against an otherwise overpowering, and inevitably oppressive Asian reserve unit that is in its pilot phase. To maintain global standing, it is essential to at least maintain a proportional share of control over the reserve currency.
Couldn't have said it better. That is exactly what I have been thinking. Thank you.
Got it....New World Order. Only the Asians and the Middle Easterners aren't invited to the party. And all of the European and N American citizens are just going to roll over for this grand plan. Oh, and Israel, too. And where does Russia fit in?
Sounds well thought out and, surely, nothing could go wrong with such a simple plan.
And should we suppose that the whole Afghanistan invasion thing was just a brilliant, decade-long ruse to put troops on China's borders?
And poor Japan. Shades of the 30s...about to get fucked once again by their bffs in the US.
Why not just start a shooting war and cut out all the Dr. Evil scheming crap? It's going to end up there with this plan anyway.
Good grief.
I'll attempt to provide a bit more clarification to allay your concerns.
There is no desire to scold, or otherwise withhold prosperity from any other nation. What is being undertaken is done for the purpose of establashing a sustainable equilibrium amongst global parties at a time where imbalances in both rates of development and economic activity will tend to persist for some time. It isn't a matter of being invited -- it is a matter of complying with guidelines that ensure both political and economic stability for all parties involved. In the case of the West, current policies and political models cannot be maintained without undergoing a radical transformation in the way they operate. If they persist a decade more into the future in their current form, you will see a breakdown of many Western states into feudal enclaves, resulting in both a loss of individual security and autonomy. This is inherent in the structure of public funding in the West. It is neither good for the West, nor global growth, or human rights.
As much as you may not like to hear it, providing middle eastern stability is essential to all parties, and Afganistan is a core component of this effort. The intent is to develop the significant mineral resources in the region, both to establish a base of industry for the purpose of elevating average income levels, and for continued funding of infrastructure. Of the multitude of problems, the central issue in the middle east is income inequality, and lack of access to resource staples. Before other issues can be addressed, median income must be raised substantially. This fact is visible in the desire for change displayed by various middle eastern populations, who are ousting self-proclaimed heads of state in favor of personal rights and autonomy.
Next time, before you become defensive, I suggest you spend time considering there are costs involved for any undertaking. Learn to internalize the fact that there are benevolent people whose interest it is to see everyone succeed -- despite the fact you have only have the example of yourself to superimpose on the desire of nations, implying a default to brutality.
You pompous ass. There is nothing benelovent about this kind of scheme nor the people behind it. And who gives anyone the right to manipulate events in the manner that you lay out?
There is no grand benevolent plan behind the destruction that has been wrought on Afghanistan. If anything, it is to secure the resources, not for Afghanistan, but for the GEs of the world. The fact that there might be an increase in income hardly justifies the death and destruction.
And you leave out one component that also fuels the unrest in the Middle East, Islam. Add one more and it the resentment by those people against the very kind of manipulation that your enlightened plan entails. Whether you believe that the world should be without borders means nothing to the people who define themselves by those borders.
As for the idea that everyone can succeed, please explain how much freedom one man must lose in order for everyone else to be successful. And define "success" in your Utopia.
Finally, I wasn't being defensive in the least. I was being as politely derisive as I could be.
Success is defined as the opposite of a chosen operational definition of failure. In the Western model, failure is multi-faceted, and largely centers around a decline in living standards that materially restricts the development of the Western culture. Broadly defined, failure would constitute anything that brings to bear an impact on education, individual security, and a number of other significant measures that define a stable society. My statement simply was that there are benevolent people -- that is not to say there aren't those with maligned interests -- who prefer to see one specific outcome. The outcome in question is the preservation of Western ideals and the engine of creation they engender.
There are immutable, fundamental principles that define the West, and there are other cultures whose precepts are mutually incompatible with said principles. What some have trouble understanding is that their role in modernity is not optional, it is obligatory. I make no attempt to hide the fact I am biased in this regard, and I accept this fact with impunity.
There are no immutable principles that define the West other than freedom (encompassing many aspects) and capitalism (untarnished by assets created out of thin air and corporatism), both of which your benevolence would destroy to achieve what...to save them?
Of course, there is still a remnant of "manifest destiny" skulking around. Perhaps you consider this a Western ideal. Is this your authority?
Despite your insistence to obligation, I'm not sure that you're going to get as many people to go along with this scheme as you think. I suppose you have planned for that occurrence.
What you have laid out in your previous posts seems to be an outline of a fairy dark and different future. A few years ago I would have thought you were out of your mind ... but I think you may have just given us a peek behind the curtain of what is to come. I am interested in your thoughts on the timeline of all this and how to best prepare.
I admit, I am curious as well in regards to Delta's perspective. Perhaps my biggest concern for the future; the relationship between governance and the individual in the emerging decade or in this case "consolidation", near and long term - citizen liberty or slave debt? Enforced laws that protect human rights or civil destruction that crushes even Magna Carta?
@".. There is an involved explanation that disposes of this seemingly fallacious statement, but it requires years of both military and foreign security training to grasp."
or...
"I Saw A Hole In the Man" ~ A Mayan Story of Why Humanity Suffers
http://www.youtube.com/watch?v=a1hnHwFiUwA&NR=1
.
..and industrialization and urbanization creates a culture of specialization
with concomitant training and education that renders the individual, so
exposed, slave and prisoner to the cumulative static and increasingly ensuing
chaotic and dysfunctional socially manifest "norms" or collective paradigm,
as infrastructure, physical technological emergents,(commodities and assets
and their associated machines and equipment) obsolete !!
this becomes institutionally sanctioned and renders everyone both commodified
and finantialized. biosherically revolting, then
and reduced to the original self or dead, a new beginning/ending. it is not personal,
but some know no shame, or shaman, or humility and will attempt to satisfy the
demands of a deceased paradigm as it
vanishes into oblivion. (whatever oblivion is).
i saw nothing fallacious concerning the statement. mubarak needed time
to loot, convert and relocate access to speculative value, and the fed
owners need the same. time and information to better secure speculative
value. man's powerful mind is good for this one thing today, stealing in
such a way as to be respectable however impossible.
ps. did you notice how madoff is framing the culpability dimension from
a jail cell?
please continue to write here. tx.
http://www.youtube.com/watch?v=Evh-trlGAlw&NR=1
Little Hawk - Native American Wisdom | Indigenous Storytelling
EM vs Developed markets
http://dawnwires.com/investment-news/the-emerging-market-dillema/
is there an api for this
http://www.youtube.com/watch?v=8XjY2m0bAaU
no
We don't have to issue new dollars backed by gold yet. There is an intermediate step: dissolving the fed and all the government debt it holds, reform the treasury (in the process try Bernanke and Geithner), issue new dollars actually backed by the US government. And the most crucial part of the process: elect people that actually can lead with solutions and are not figure heads for the banking cartel, oil cartel, and institutional elites (which include self-abosrbed asshole academics).
"BRUSSELS (MarketWatch) — Finance ministers from the 17 countries that use the euro agreed on the size of a permanent bailout fund Monday. However, additional details were put off until leaders reach a compromise on deeper economic reforms."
http://www.marketwatch.com/story/eu-ministers-agree-on-larger-bailout-fu...
"We need to get our manufacturing jobs back from China, and we need to kettle their energy thirst. Let me be blunt: Until there is a new energy technology it is us or them. One country will be in cars, the other will be three peasants hanging off a moped."
It's a good thing that the author recognizes that there is no new energy technology and that we need to put a lid on China's energy use. Another way to say this: there is not enough oil in this world for both China and the US. It's US against them. So what is it going to be? Are you going to give up your minivans and SUVs and Hummers so that we let China use more oil? Or are you going to say FUCK IT. Keep on trucking here and THEY have to CUT BACK on oil use?
The only China is going to cut back on oil use is by FORCE. This is going to end in a very bad way. Nuclear war kind of bad.
This is a fight to the death. Thunderdome style. Two countries enter, one county leave. By nuking China we solve two big problems:
1. We won't have to pay back our debt to them. We wiped it clean so to speak.
2. We eliminate our biggest competitor for oil.
We can potentially postpone peak oil for decades if we destroy China completely. Of course there is the India problem. Every country that uses a lot of oil is an enemy. We will have to find some excuse to nuke India as well.
In order to preserve the American way of life; of driving our big fucking cars around big fucking suburbs (in a Chevy Suburban for example), we will have to wipe around 2-3 billion people off the planet.
Genocide is bad. It has happened before. And it will happen again.
George Orwell
A couple of slightly "bad" points in your plan:
http://www.independent.co.uk/news/world/europe/chernobyl--24-years-on-19...
http://www.romanticallyapocalyptic.com/home?page=1
"Selling a Toyota SUV, moderately radiated, good for 20 minutes of driving per week."
Sorry, but this Ryan guy voted for TARP, voted for GM/Chrysler bailout, never worked a day in private sector, a neocon. Why could he be tough on Bernank?
ZH Community: This article and these posts are far above the average American's comprehension. Many of us would like to have something to show our friends and family that is so basic that it might actually entice them to start thinking (WOW, what a concept!).
Criminy, Cheese&rice, and H-E-(double hockeysticks....L..L) I know I'm going to get the shit junked out of me for this, but I have concluded that it may actually do less harm and more good to refer certain individuals in your friends and family circle to tonight's Glenn Beck program. Yes I know, it is Glenn Beck and that in and of itself is a turn off. However, in this isolated incident, he does a reasonable job of describing the situation in a way the average American Idiot could maybe understand. If you find something better, PLEASE post so that I can forward to my friends and family who are so obstinate that they won't listen to anything Mr. Beck says.
Here's the link: http://www.watchglennbeck.com/
Junk away and piss off if you can't suggest something better. This is the best I've got for the sheeple. I want something better.
" It takes 121,600 gallons of oil to pave 1 mile of highway."
Wow! Any backup info on that stat??
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He worked as a speechwriter to "drug czar" William Bennett ...
Is this the best we can do? This guys part of the problem. He's the Omar Suliman character.
Ryan is one of 'the club' that George Carlin talked about, merely paying an expected inadequate lip service while having feasted on the looting of the US Treasury through their various money-laundering operations. 98% of Congress are traitors. Prepare as best you can, because these scum are incapable of sacrifice and severe change. In the coming months and years, I hope most local communities rally to become supportive rebuilders/survivors instead of barbaric scavengers.
do I hear fourty,fourty Euros for the Acropolis. Sold to the man with the "Hope and Change" lapel pin!
EU/IMF sell-off idea infuriates Athens
http://www.presseurop.eu/en/content/news-brief-cover/500921-euimf-sell-idea-infuriates-athens
Hoo boy. Friend, that's either "announce" or (better) "enunciate." The "annunciation" is the term commonly used to describe the angel Gabriel's "announcement" to the Virgin Mary that she was to conceive and bear the saviour of the world.